33 sats \ 5 replies \ @21millioins 5 Mar \ parent \ on: 1 in 3 small public companies is unprofitable charts
the "is regulations or the law of the jungle" is a naïve way to think about systems.

Having no state mandates is NOT living without rules:
  • rules emerge from the people trying different rules over time and keeping what works
  • rules are often implicit, not written down on a paper, those also can evolve from the free market
  • even standars used in the industry emerged on the free market like ASME standars, and without compelling anyone to buy it, so the incentives were right into providing value to society
  • even in literally the jungle of nature a sort of moral emerge to solve conflicts with minimal force as Jordan Peterson illustrate with his example of the lobsters fighting. Why are you so sure that humans don't develop simmilar mechanisms?
  • having "state mandates" also can be weponized, but you don't seem worried about that? who watches the watchers?
  • if you know where to see you will find a ton of examples of checks and balances being evolved in free market over time, even in the most ruthless environments like the dark web (or I should say specially there, that you have 100% freedom of association) where a sort of "know how" developed over the years about what to do and what not to do to stay safe, and is naturally enforced
Austians got it right IMO, the less you mess with the market, the better it help us to serve one another. There is no magical solutions, is not easy nor free of charge to deal with the problems properly and anyone who say the opposite is probably selling you something
PD even under monarchy people payed less taxes than today, so why should I feel less of a slave now?
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0 sats \ 4 replies \ @fm 5 Mar
So,
You as a bitcoiner praise a hard rule mathematical bitcoin emision etc,
But you believe in no rules regarding market?
Lets not confuse rules with power and people exercicing power over you. I believe in some rules. I belive Carbon can have 4 covalent bonds, doesnt vary. Im no statist, i hate actual government. Dont mix these two.
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1 sat \ 3 replies \ @21millioins 5 Mar
Is fair what you point, maybe it is an abuse of language on my side
What I support is not "the absence of rules" in the sense of "everybody will do what they want forever"
What I support is who provides the rules, I think the rules should be provided by the market. in other words, the only good rules are those who provide so much value to everybody involved that people adopt them voluntarily (whether they are aware of this or not).
I think that the market process is just a superior tool to discover what structures, rules and practices actually improves people life in the long run. Is hard to notice because good design is invisible, we tend to notice more the thing that doesn't work that those that does.
Design is always sub optimal since we cannot take everything into account, and end up with a design that "sort of works" but sweeps under the rug the consequences.
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0 sats \ 2 replies \ @fm 5 Mar
But.. assuming you are a bitcoin maxi..
Where all the shitcoins fit in what you just said? Arent the shitcoins we attack all the time a result of free market placing its rules?
I think its a good example. Crypto is not very regulated, The outcome is 99% of shitcoins are scams and we left to believe in the one where rules cant be tampered..
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21 sats \ 1 reply \ @kepford 5 Mar
If I may.
We have generations of plebs conditioned to believe that the state has their best interest at heart. The common man has not learned to be skeptical. If you were to remove all regulations on drugs for example you'd see a rash of problems. But over time people would learn and we'd all be better off.
This is what I believe is going on with "crypto". The public is naive and gullible. Even within the regulated markets people get scammed so regulation really doesn't protect people from it.
Bitcoiners are just people like any others. We all have opinions. Just like your family probably has diverse opinions on what food is best to eat, we all think we are right. It is the free market of ideas. The same is true with bitcoin in relation to crypto.
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0 sats \ 0 replies \ @fm 5 Mar
As i mentioned to 21M previously,
I probably have an anarchistic heart and probably a technocratic mind sometimes 🤪
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