Video Description

In this video, I discuss what makes Bitcoin ethical and nonviolent money-- unlike fiat money.
Bitcoin is a permissionless, voluntary system.
Don't like Bitcoin? No problem, you don't have to use it.
There are many problems with modern money (fiat money). It's really bad at preserving your purchasing power.
Modern money is also the funding mechanism behind all modern wars. The US has never paid for its modern forever wars with taxes. If it did, the population would rebel. Instead, the US just prints up as much monopoly money as it needs and exchanges it for aircraft carriers, bombs, and drones. Fiat money is the money of death.
Fiat money is also violence-- it's imposed on people at the barrel of a gun.
I never opted into the US dollar system, and yet I'm forced to use it. I'm forced to use US dollars to pay my taxes, or men with guns will put me in a metal cage. If I choose to use an alternate form of money like Bitcoin, then they hit me with capital gains taxes, in an effort to support their monetary moat. Is that how ethical, nonviolent money should work?
At the same time, I need to work hard to earn US dollars, while central bankers can print up as many USD as they need for free. Where's the justice in that? When Elizabeth Warren or Janet Yellen tell me that Bitcoin is bad, they never tell me why their money (imposed at gun barrel) is good for me-- which is why I'm going to assume that it's only good for them.
By contrast, Bitcoin is opt-in money. It's voluntary money. Don't like Bitcoin? No problem-- you don't have to use it. Like Bitcoin? You and anyone else are free to use Bitcoin. There's no license required. You can earn it, send it, receive it, mine it, without needing to get certified or approved by anyone. You don't need to open up an account anywhere. You can download a free Bitcoin mobile wallet and start getting paid in BTC. You could even just roll a dice and generate private keys and billions of Bitcoin addresses that can be used to receive Bitcoin (no software required). Your Bitcoin private keys are just a really large random number. You can also earn Bitcoin by plugging in a mining rig, no license required.
Bitcoin is math. Bitcoin is voluntary, permissionless money.
That in itself makes it superior to fiat money and its violence.
You cannot be an effective advocate for nonviolence while still using and supporting fiat money.
Bitcoin is non-violent money since you do not have to use it by force, in addition it does not discriminate against anyone who wants to join the network and use it, wars are not financed with Bitcoin either, and it does not give preferences to any participant in the network, everyone is equal. whether you have 100 btc or 0.00001 btc
reply
60 sats \ 1 reply \ @kepford 2 Apr
Modern money is also the funding mechanism behind all modern wars. The US has never paid for its modern forever wars with taxes. If it did, the population would rebel. Instead, the US just prints up as much monopoly money as it needs and exchanges it for aircraft carriers, bombs, and drones. Fiat money is the money of death.
Kinda blew my mind when I realized this is how it works. It also kinda takes the wind out of the "worries" about bitcoin's energy use doesn't it? People really don't like hearing this either. Years ago I used to explain to people how monetary inflation was a tax on the poor. People feel good about this argument. Americans really don't like thinking "we" are the bad guys though. That our military is used to control the world and murder people for the elites. Its a tough pill to swallow.
reply
Americans really don't like thinking "we" are the bad guys though. That our military is used to control the world and murder people for the elites.
And yet, the wars are always very unpopular (except briefly after 9/11). It seems like some dramatic cognitive dissonance.
reply