The "black market" label only exists because governments assert a monopoly over whatโ€™s "legal," usually to extract taxes or enforce control. But anarcho-capitalism rejects that premise entirely. Private property and mutual agreement are the only rules that matter. The brainwashing comes when people internalize the idea that freedom needs permission slips from above. It doesnโ€™t. Trade is trade, and the only crime is when someone uses force or fraud. Everything else is just the state crying over lost revenue.
A while ago, the socialist government of Spain made an announcement regarding state debt in which it said that this was a good thing, not bitcoins ("eso sรฎ que es bueno y no los bitcoins"). Now it is Tether's CEO who is proud to hold US government debt. image
@TiltedCheddar asks Grok3 to predict the price of bitcoin for the next 10 years. The results are interesting, but it's more or less a normal prediction of events. I've changed the parameters a little bit ๐Ÿ˜‚ and I get the following: image
I don't care if Bitcoin IOUs are discounted or the same price as real bitcoins. They are different goods and I would never trade real bitcoins for Bitcoin IOUs. #Bitcoin #austrian #soundmoney
Tether CEO Paolo Ardoino says that "Tether USDt is the best ally to the US Dollar hegemony". But that is precisely the problem, being "the best alley to the hegemony of the US dollar", the fiat money par excellence, the money of coercive power. The future must be built with a sound money freely chosen by the market. #Bitcoin #Austrian #soundmoney
Talking about #Bitcoin as a Store of Value or Deposit of Wealth only makes sense if we assume that Bitcoin is a Medium of Exchange. This will be better understood if we think that it is not value that is stored or wealth that is deposited, but rather that goods are exchanged for bitcoins and these are kept (hodl) as a reserve of purchasing power. And obviously if Bitcoin were not a Medium of Exchange it would not be used as a reserve of purchasing power.
I'm glad Wall Street is buying shitcoins and in the meantime Bitcoiners can buy #Bitcoin at bargain prices
After the final review and correction process, my thesis on #Bitcoin โ‚ฟ and the Austrian School is complete. image
what a genius! image