#Bitcoin is pumping because the Maximalist are correct. Here is what they know:
Economics
-We are cypherpunks. We are anarcho-capitalists.
-Monopolies can’t exist unless they are supported by governments that protect them from competition.
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Economics
-We are cypherpunks. We are anarcho-capitalists.
-Monopolies can’t exist unless they are supported by governments that protect them from competition.
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-Monopolies in security and defense services have the same type of effects as other monopolies - poor quality products with high prices.
-Governments particularly enjoy monopolies on security services because it prevents citizens from being protected from the government.
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-Governments particularly enjoy monopolies on security services because it prevents citizens from being protected from the government.
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- One of the most effective ways that corrupt governments steal from their people is through printing money after they establish a monopoly on money.
- A side effect of money printing is the boom and bust cycle that results in massive bad investment and great destruction.
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- A side effect of money printing is the boom and bust cycle that results in massive bad investment and great destruction.
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- Government intervention into the economy has greatly held back humanity from solving problems in the same way it hindered citizens in Soviet Russia under communism.
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And the removal of government intervention into the economy will result in rapid advancements in technology and quality of life in the same way the fall of communism resulted in great advancements in these areas.
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All nations are currently at war with one another economically. They are all attempting to starve each other through trade restrictions and this occasionally erupts into violent warfare. This is also a consequence of governments controlling the money supply.
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Money does not need to be provided by government. Rather, it is another example of a solution discovered by the interactions of free people (the market) that was monopolized by government.
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Money is used as a medium of exchange, a store of value and a unit of account. These are are specific attributes of what we mean by the word “money.”
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Money must be one thing. If a society uses many monies it has begun to revert to a barter economy and money does not exist. Currently monies end at national borders, but this is also a result of government intervention.
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Money is a useful tool that facilitates better decision making and enables fruitful trades that would not otherwise take place. A barter economy is an underdeveloped economy.
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We expect a money, that is not subject to cost effective government intervention, to become a global money in the same way gold was once a global money.
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We believe that a sound money will have a greater impact on human flourishing than anything else likely to occur in our lifetimes.
(End of economics section of the bitcoin maximalist manifesto)
(End of economics section of the bitcoin maximalist manifesto)
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