My friend TK Coleman coined the term tough minded optimism a decade or so ago. The idea is to recapture […]
To capture a free market is to kill it. It is an ongoing dance of motion, and attempts to cordon it off and capture some of its power is to stop the flow of creativity. Any power captured by stagnating this flow will corrupt.
Calling Hitler a piece of shit on Twitter is not courageous. Everyone agrees, Hitler has no power, and nothing bad will happen to you for saying this. Calling Hitler a piece of shit on live radio in Nazi Germany in 1940 would be a different matter.
If you don’t want to be oppressed, harassed, cajoled, propagandized, gaslit, brainwashed, abused, taxed, regulated, and coerced into submission, the only real solution is within yourself. Let your very existence be an act of rebellion.
Understand the dangers and risks and changes technology brings, but know it’s not creating new evil. It’s only revealing what we already are. Treating the symptoms won’t stop the disease.
Markets are incredible, wonderous things sending signals and incentives all across the globe and allocating resources always towards their highest valued use. Prices are the tool that reflect this and help us see and calculate. But the important word to hang onto in the above description is towards.
Bitcoin as it was invented and released to the public over a decade ago does a few things that have staggering potential. The ability to attach monetary value to the transfer of information, and do so at levels as small as a 1000th of a penny instantly and globally is incredibly massive. To do this with no trusted third party or single data repository is even more massive. This is all possible right now today with no need for any new inventions. Hardly anyone knows it.
A reader emailed me asking how I feel comfortable sharing political views that are widely unpopular. He also asked if I’ve written about this, and I don’t think I have, so here’s my response.