I don't think the answer to our problems is decentralization. I think the answer is free markets. And in order to have free markets we must have free market money.
This is why I think #Bitcoin is currently the most important thing in the world. #Bitcoin is free market money which facilitates voluntary exchange absent state manipulation and theft. #Bitcoin is the best private property we have.
Free markets are one of the greatest innovations humanity has ever developed and to the degree to which we have free markets is the degree to which we thrive. In the words of Ludwig von Mises:
"If history could teach us anything, it would be that private property is inextricably linked with civilization"
We currently champion decentralization because in many ways it is the only way to compete due to current government overreach and free market underreach. But as #Bitcoin re-balances the equation I think we will be able to enjoy the fruits of competition between centralized businesses without the need to shoehorn every solution into a decentralized package that is inferior to non-decentralized free market solution.
The true decentralization is competition in a free market.
Quinton Figueroa
npub1lt…2kwn6
2024-08-28 12:06:13
Author Public Key
npub1ltzpnfuh5w9xp2jp23swcndtmshlzz59g3hj35822nk8lpwr2mysg2kwn6Published at
2024-08-28 12:06:13Event JSON
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"content": "I don't think the answer to our problems is decentralization. I think the answer is free markets. And in order to have free markets we must have free market money.\n\nThis is why I think #Bitcoin is currently the most important thing in the world. #Bitcoin is free market money which facilitates voluntary exchange absent state manipulation and theft. #Bitcoin is the best private property we have.\n\nFree markets are one of the greatest innovations humanity has ever developed and to the degree to which we have free markets is the degree to which we thrive. In the words of Ludwig von Mises:\n\n\"If history could teach us anything, it would be that private property is inextricably linked with civilization\"\n\nWe currently champion decentralization because in many ways it is the only way to compete due to current government overreach and free market underreach. But as #Bitcoin re-balances the equation I think we will be able to enjoy the fruits of competition between centralized businesses without the need to shoehorn every solution into a decentralized package that is inferior to non-decentralized free market solution.\n\nThe true decentralization is competition in a free market.",
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