Top Three Videos – December 17, 2023

Bitcoin’s impact on warfare and coercion

• War is less profitable on a Bitcoin standard because Bitcoin is more difficult to seize, making it a potential game-changer in the dynamics of warfare.
• Bitcoin reorganizes Human Action away from coercion, compulsion, violence, and towards cooperation, peace, and trade.
• “Inflation and Taxation and all these forms of theft are just a gradient along that scale right you’re just pushing people back towards the edges of the Jungle and not letting them take control of their own life.”
• “There’s an unseizable asset here that he can’t take so how then would the Hitler War Machine be funded in that scenario.”
• China’s inability to squash Bitcoin mining despite its iron-fisted regime illustrates the magic of decentralization and resilience of the network.
• If the most iron-fisted government can’t stop Bitcoin mining, then what state can? This is the real magic of decentralization.

   

Bitcoin’s role in reshaping economic incentives and societal organization

• Bitcoin fixes price signals, preventing the distortion of capital allocation by the state and creating strong incentives for productivity and cooperation.
• The madness we see in the world is a result of corrupt money, leading to mass psychosis and ultimately degenerating into totalitarianism.
• Bitcoin is the hardest form of property, the most defensible bearer asset, and the best implementation of the ancient ideal of life, liberty, and property.
• The fact that no institution can change the rules of Bitcoin and no central power can corrupt or stop it is the key value proposition of decentralization.
• The defensibility of purchasing power with Bitcoin allows for total plausible deniability and privacy, even in the face of government tracking and coercion.