Damus
m0wer profile picture
m0wer
@m0wer
Travelling the world, I've noticed something: people in "poor" countries often live surprisingly "free" from the state.

They build houses however they want, open businesses without licenses, ignore regulations, use cash for everything, pay no taxes. You get the idea.

I'm not romanticizing it. I'm trying to understand *why* it works. The answer is probably simple: economic incentives. The cost of prosecuting them exceeds what the state could extract. They're effectively protected by that asymmetry.

Which raises the next question: what asymmetry could let us live more freely *and* maintain a high standard of living?

My answer: privacy.

Bitcoin protects you from inflation. Great, but that's a separate conversation. What actually expands your freedom is privacy. Where you live, who owns the property, how much rent you pay, what you buy, where you go, what you drive. Make your life so opaque that you become unprofitable to pursue.

Bitcoin alone doesn't get you there. Without privacy, it's only a matter of time before someone decides you're worth going after.

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Baerson · 2w
That is by far the best Monero-guy post I've read this year (sorry in advanced if im wrong - still a good post).
epsql · 2w
Do you think lightning gives the user good enough privacy, or not really? Curious to hear your thoughts, thanks
MAGIC INTERNET MONEY · 2w
ZCash solves this.
Javi Nakamoto · 2w
And that’s why Bitcoin must continue improving its privacy. Still too much work to do
sean · 2w
I’ve experienced the same, love this take
Bruno SlingshotVPN · 2w
Very good take. Interesting.
Globe99 · 2w
This is very insightful, it made me think of something like a two-dimensional graph with one axis as "compliance cost" and the other axis being "enforcement credibility." Most of the US is low compliance costs (relative to the rest of the world), but also relatively high enforcement credibility. Ta...
Hide&Seek · 2w
Monero
The hermit from 1986 · 2w
Mexican here. TL;DR: authorities don’t give a fuck because they rather steal the money for themselves. That’s where Bitcoin could be very useful: tracking public spending.
BankSith · 2w
I once had a conversation when visiting the UAE with Iranian guys who told me that they don’t pay any taxes in Iran. What kind of surprised me. We need a podcast episode that adresses this particular phenomenon on a global scale. Who wants to be first? 🎙️ @efenigson @momotahmasbi @Peter S...
BitcoinZen · 2w
the asymmetry point is underrated. freedom has always lived where the cost of enforcement exceeds the value of extraction. bitcoin solves the money layer but you're right that the full stack requires privacy across every surface. financial sovereignty without personal opacity is still a target with ...
1776 · 2w
It’s easy to live without fear of loss when you have little to lose. Possessions end up owning the holder, when there is a fear of loss attached to them.
Chad Lupkes · 2w
Rich, poor, free, none of these words are accurate in describing what we see around the world. The 'civilized' nation states are the most corrupt, and the least free. The richest places just mean that they have the highest jurisdictional and economic capture of the rest of what matters. George Orw...
Primate · 2w
THE killer app, now that we have money we can own, is anonymous value exchange. If we can not transmit money without an ID, we are known and predictable, and controlled slaves. We need cash in the sense satoshi meant.
alp · 1w
What about the off-ramp problem?