Watching the rise of bitcoin over the last few years has been very surprising. It's gotten me to question my political philosophy. I'm in political limbo right now as I think this through. Before entering this limbo, I was a fairly liberal democrat.
But if bitcoin succeeds in moving us away from a monetary system based on debt, it's going to completely remake the political landscape. Will it be impossible for governments to continually run deficits? How will this impact how governments ought to spend tax revenues if so? How will this affect how governments will be able to raise revenues? Do we need to totally rethink the role of government in this scenario?
Have any of you thought through what the implications of bitcoin succeeding might be on the political structures of the world? Are any of you like me in that you're in the process of totally rethinking your political beliefs because of this possibility? I'm still in the very early stages of rethinking things, and I'm starting to open up to libertarian political philosophy. But I'm not ready to totally jump ship on my past beliefs just yet. I want to carefully think things through. I'd love to hear everyone's thoughts on here because a time of major disruption may be coming upon us, whether we like it or not. I think we best start thinking about it now.
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But if bitcoin succeeds in moving us away from a monetary system based on debt, it's going to completely remake the political landscape. Will it be impossible for governments to continually run deficits? How will this impact how governments ought to spend tax revenues if so? How will this affect how governments will be able to raise revenues? Do we need to totally rethink the role of government in this scenario?
Have any of you thought through what the implications of bitcoin succeeding might be on the political structures of the world? Are any of you like me in that you're in the process of totally rethinking your political beliefs because of this possibility? I'm still in the very early stages of rethinking things, and I'm starting to open up to libertarian political philosophy. But I'm not ready to totally jump ship on my past beliefs just yet. I want to carefully think things through. I'd love to hear everyone's thoughts on here because a time of major disruption may be coming upon us, whether we like it or not. I think we best start thinking about it now.
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