🧡 Only The Strong Survive 🧡

A Philosophical, Technical, and Economic Critique of Prospects in “Crypto” Beyond Bitcoin

by yours truly and my partner in crime, @Big_Al256, who, it cannot be denied, hits dingers.

... but special thanks also to those contirbutors both who take exactly the opposite view to us, and who preferred their contribution remain anonymous. in many cases, these were the same people!

we really appreciate it and would love to thank you publicly ...
... were that not a direct violation of your request!

you know who you are, but your edits and contributions were by far the most helpful of all and we hope that you can vouch that this effort has been in good faith.
with peace and love 🧡

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More from @allenf32

25 Sep
I'm sorry but you can't hide behind "you just want the government to clamp down on your competitors!" as an excuse for financial illiteracy.

if I grant that many specific securities laws are stupid, will you grant that the concept of "a security" is a meaningful one?

🧵⏰ ...
there are a lot of dummies on here trying to out-ancap one another by claiming that in a "free market" it's buyer beware and you live and you learn, blah blah blah

they don't seem to realize that they aren't arguing for freedom so much as for the freedom to get away with fraud.
if your sincere philosophical belief is that it isn't or shouldn't be in the purview of the state to enforce contracts, and that the market would solve for this via reputation, etc., then just say that.

I'd have mad respek for arguing that consistently.
Read 30 tweets
17 Aug
closed networks only ever beat distributed networks because the distributed network lacks some utility as a fundamental feature of its design that the closed alternative supplies, either from scratch or by variations on embrace, extend, extinguish:


the idea of distributed energy suffers from the transience of generated power and the inability to reliably match supply and demand, hence lacks a guaranteed buyer that the centralized grid provides.

#bitcoin fixes this.

distributed capital markets suffer from the artificial scarcity of securities, hence lack the ability to clear and settle trades, escrow and contingently redirect capital, and custody assets that investment banks and their offshoots provide.

#bitcoin fixes this.

Read 6 tweets
15 Aug
I've realized something that others may well have realized long ago, may reflect my naivety and optimism, but is now made me seriously doubt things can or will improve.

there is an alarming proportion of people who, having caved before authoritarianism ...

... react to those who have not, not with any of: admiration of courage, sadness at futility, curiosity, apathy, or even well-conceived disagreement or anger given they actually believe in the merits of authoritarianism, but rather pure, sadistic resentment and attack.

the desire to attack does not come from a wish to dominate, but to pool suffering; not the will of a potential master, but a fellow slave.

it is as if - or possibly literally *is* the case that - coming to terms with their own voluntary subservience ...

Read 17 tweets
13 Aug
from The Organization Man, by William Whyte, published in 1956, the thesis of which is basically that corporate America, far from being a beacon of hyper-individualist capitalist awesomeness, instead turns people into cowardly, risk-averse, collectivist wusses.

*** 1956! 😱 ***
from the chapter titled, "Scientism":

"The scientific elite is not supposed to give orders. Yet there runs through all of them a clear notion that questions of policy can be made somewhat nonpartisan by the application of science. There seems little recognition that ...
... the contributions of social science to policy-making can never go beyond staff work. Policy can never be scientific, and any social scientist who has risen to an administrative position has learned this quickly enough. Opinion, values, and debate are the heart of policy, ...
Read 6 tweets
7 Aug
these people have no idea what they've just done.

#bitcoin is now the universally applicable, single-issue pro-freedom schelling point that has never previously existed.

and now they are clumsily conspiring to attack it, outing themselves as unequivocally anti-freedom.
we know their attack will fail, yet the harder they fight the more attention they draw, leading more precoiners to decide to educate themselves to figure out what the hell is going on, accelerating their failure.

it really is beautiful to watch.
their options:

1 - conspire privately, perfectly making the point because #bitcoin is free and open source.

2 - argue publicly, outing themselves as technologically illiterate morons whose anti-freedom stance derives from their ignorance and stupidity.

3 - bend the knee.
Read 7 tweets
7 Jun
any bitcoiners working in traditional finance: your employer may not be as awesome as mine but don’t worry, your time will come and you’ll be a god damned hero 😊

DM me if you want any advice. happy to open source my institutional orange-pilling strategy 👍
so my DMs have exploded - WHICH IS A GREAT THING!

I’ll reply to all to be polite but a lot of what I’m saying is the same so I’ll shortly do a thread to make the generalities truly “open source”

okay, here goes:

1. *be clear on your goals and approach them tactically*

don't make your first swing about Austrian economics, regenerative farming, the petrodollar, or whatever other nonsense you've heard me spout off on.

remember that what you are trying to help ...

Read 32 tweets

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