5 sats \ 0 replies \ @lightcoin_ 26 Jul 2023 \ on: "I" vs "we" from an economic perspective bitcoin
no
yes
fiat that is forced on people by legal mandates and banking cartels, yes. if fiat proponents want to have unbacked currency, then they can issue it into the market and freely compete like everyone else. once they put a gun to people's heads to force them to use it and to enforce restrictions on competition they have totally lost all credibility and moral authority.
if you want to read more about the political philosophy underlying my views you can look into market anarchism and panarchy. here are some links to get you started:
https://marketsnotcapitalism.com/
https://kevinacarson.org/publication/ot/
https://kevinacarson.org/publication/drs/
https://www.panarchy.org/indexes/panarchy.html