Damus
StackSats.IO profile picture
StackSats.IO
@stacksatsio
Everyone has bugbears about #Bitcoin and #Bitcoiners.

Mine is the lack of elite theory that Bitcoiners have studied and/or discuss. Seems to be too far out there for Ancap-types who acknowledge natural hierarchies but then shy away from the reality of it.

Many seem to think we’ll have hyperbitcoinisation entirely without impetus - ie fiat money printing will do all the heavy lifting and we’ll just end up in this idyllic world where government is restrained because everyone has seen the light and adopted Bitcoin and they can’t print more. I assign a roughly 0.00001% chance to that outcome.

The heaviest weighted category in my view (with diverging paths at a certain point) is Bitcoin has a massive run and creates a new financial elite which could become a new social counter elite. This happens *well before* government is occupied by non-parasites who will be on a warpath for a wealthy but highly disorganised class of people who have the means to destroy them but lack the coordination.

That will be the time to plant Bitcoin’s flag for a new system. Not when status quo institutions have spilled our blood and were forced into joining and then co-opting our economic system - that’s FAR too late.

That flag won’t be planted unless we give serious thought and mindshare to how such a system could work and what tradeoffs we’d all be willing to accept for the least bad system because rest assured, normies will stick with the parasites if the parasites are the only ones articulating a vision, even if their vision sucks.

I’m here to embrace the new counter elite, and to work with likeminded Bitcoiners on ways to uproot the establishment and replace them *permanently* with fewer shitcunts.

NGU for me only matters insofar as it allows tables to be flipped.

I don’t want a lambo, I want a dynasty.

I don’t want fiat justice to prevail, I want the natural justice of parasite head’s on pikes for what they’ve done to the people.

I want new fables written about the evils of usury and new myths to take root in civilisation about what is good and righteous that cross religions and cultures.

I want #Bitcoin and #Bitcoiners to succeed to their fullest, by replacing the parasitic system rather than just usurping it.

That’s what I’m here for - how about you?
213❤️4🤙5👍1
asyncmind · 107w
I want peace ... very simple but hard to find and fleeting.
Diacone Frost · 107w
I don't think that Bitcoiners are that homogeneous group. I wouldn't expect this kind of theory as an output. Ancaps might be better target. With economists, sociologists and other thinkers who come to a conclusion that it's very wrong how we organize as a society today and actyally introduced anar...
Revolution☠️ · 107w
You've summed it up nicely. All that's left to add is that it's going to be a "long run" and fingers crossed that a team of superheroes emerges 💪
Callum · 107w
Fuck the "counter elite"
Den Yellek · 107w
I wonder about how large a section of the current elite are already holders and will be able to rise to match the counter elite or consolidate their existing wealth. Some holders with a sufficient stack will be propelled to elite status but I think many in that status currently will not struggle to...
deleted account · 107w
Bitcoin will do no such thing. It lacks essential qualities from the get-go and anyone attempting the smallest economy will instantly defeat themselves.
Brisket · 107w
I'm here to help find a way for humans to thrive together using positive sum games. I have no bugbears about Bitcoin or Bitcoiners. From my perspective, everything is unfolding as it needs to & I see evidence of this every day. I'm filled with hope & excitement but I've also just spent the long ...
DominikWeil · 105w
Highly agreed. People would like to see everything just "going their way" without doing any work for it to make it to bring it about. It is a comforting thought... but also not a very realistic one. If you want to move the world closer to the direction of your liking, you must put in the work. A...