Post
Topic
Board Altcoin Discussion
Re: Can Bitcoin maximalism be defeated in the reality of adoption?
by
iamnotback
on 10/06/2016, 17:47:22 UTC
Unlike Armstrong, I don't believe the masses can ever be saved. Never has that been the case, e.g. in the French Revolution they accomplished in the end totalitarianism under Napoleon. Nature purges the masses such as with the Black Death that killed a majority of Europe's population. I believe the powers-that-be will win control over the mainstream monetary system and they and the masses will decline together in a morass. I hold my hope in the bifurcation of the economy into a dying Industrial Age (which the powers-that-be and masses control) and a fledgling Knowledge Age which is controlled by the hackers and knowledge creators.

I understand Moldbug's "Only One Currency Can Win" which Satoshi also apparently validated.

And I have explained how I think a bifurcated economy could violate Gresham's Law and allow for two monetary units to coexist globally analogous to how national currencies coexist due to a Coasian barrier of individuals not trading directly internationally.

The one unit will be controlled by the banksters and the masses and this will be the 666 slavery system. The other crypto-currency unit will be for those who hold their "unit-of-account" in "units-of-knowledge". You see as a hacker, you don't care about money as a store-of-value, power-law distribution enslavement paradigm. We care about code and the freedom (power) to build (software, 3D printing designs, etc). The models of remuneration employed thus far for "open source" have depended mostly on large corporate funding. This has locked us hackers into the Theory of the Firm rigor mortis paradigm but remember knowledge can't be enslaved nor financed monetarily. Whereas what we really need is direct remuneration via micro payments.

Note the banksters need this alternative monetary unit too. For they need a place to hide their wealth from their own morass, and because if they squelch all knowledge formation, they will destroy their cancer's host and perish. Precious metals are no longer even functional in the competition against knowledge.

Do understand that everyone who is creative and likes to build things is a hacker.

I believe I know what needs to be done in terms of an altcoin. But getting it done may be more than one man could do timely.