libertarianism
About us
An open, user owned community for the general disscussion of the libertarian philosophy.
- Libertarianism is the belief that each person has the right to live his life as he chooses so long as he respects the equal rights of others.
- Libertarians defend each person’s right to life, liberty, and property.
- In the libertarian view, voluntary agreement is the gold standard of human relationships.
- If there is no good reason to forbid something (a good reason being that it violates the rights of others), it should be allowed.
- Force should be reserved for prohibiting or punishing those who themselves use force.
Most people live their own lives by that code of ethics. Libertarians believe that that code should be applied consistently, even to the actions of governments, which should be restricted to protecting people from violations of their rights. Governments should not use their powers to censor speech, conscript the young, prohibit voluntary exchanges, steal or “redistribute” property, or interfere in the lives of individuals who are otherwise minding their own business.
Source: https://www.libertarianism.org/essays/what-is-libertarianism
Rules
1. Stay on topic
We are a libertarian community. There are no restrictions regarding different stances on the political spectrum, but all posts should be related to the philosophy of libertarianism.
2. Be polite to others and respects each others opinions.
Be polite to others and respects each others opinions. We don't want any form of gatekeeping or circlejerk culture here.
3. Stay constructive and informational
In general, all types of contributions are allowed, but the relevance to this community must always be evident and presented openly by the contributor. Posts that do not meet these requirements will be removed after a public warning. Also remember to cite you sources!
4. Use self-moderation measures first before reporting.
This community is fundamentally built upon freedom of speech. Since everyone understands libertarianism differently and we do not want to exclude any kind of content a priori, we appeal to the individual users to block/mute posts or users who do not meet their requirements. Please bear this in mind when filing a report
view the rest of the comments
Pretty sure he does that because he wants to limit the governments' power to control people's finances, which from his perspective after seeing how untrustworthy these powerful institutions are, I can understand his desire for it. I don't agree with him on cryptocurrency stuff, but I do understand his perspective and how one would come to that conclusion.
I understand his view but I just can't fathom how could someone be pro Bitcoin in the context. Giving power over the financial system to criminal cartel(s) (who provenly control Bitcoin) is ludacris. Thankfully the cartel has no intent to run the future of finance whatsoever, just to extract as much USD as possible before they are shut down.
Edit: Yes, downvote me that will help your bags.
No one can control bitcoin... which is the point. Any change has to be decided by a 95% super majority of miners.
That's a meme. Anyways, that's not what I am saying. The cartel does not need to bother with consensus, cartel controls the price and thus the money flow. The network security of the Bitcoin network is dependent on the cartel and their actions. Due to nature of PoW.
If cartels can afford to control the price of btc then they would not waste time with something like btc. They would control far more important parts of the financial market.
Unfortunately, wall street does not take tethers. Binance does.
I don't know why you're getting downvoted. People think bitcoin cannot possibly be controlled because it'd take a lot of hardware power to override blockchain entries, but there are other ways to control it. Tether is one good example where the value of that is supposedly backed by underlying assets which include... bitcoin. So they're buying bitcoin with tether and tether is deriving part of its supposed value from bitcoin. Tether hasn't been audited and they're free to print however many tethers they want. Yeah, that's not insane at all...
Personally I am more bothered by the environmental impact that cryptocurrencies have than some cartels, but both are valid reasons to be against cryptocurrency. Also the whole crypro-bro culture and the number of scams with every new crypto is exhausting to keep up with.
P.S. I did not downvote you.
Crypto scams are the new timeshare and reverse mortgage.
The legitimate uses of any financial vehicle should be regulated and scrutinized. Just because there are no government controls on the currency doesn't mean fraud can't be prosecuted.
Agreed, I'm talking about the general culture of it. I'm mostly bothered by the energy waste and unnecessary hardware manufacturing for mining...
Maybe if this was a token for distributed computing platforms like folding@home or something, and awarding a currency to incentivise that platform's use? I don't know...
That would be nice.
I'm against cryptocurrency for different reasons, but if the choice is between a criminal cartel and a government - I think the former is more trustworthy.
Im DVing your clownass take giggles, not some bristly bitthurt buttcoin bro.
However, if it's an intentional thread derail youre doing i respect the effort