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Wednesday, December 04, 2013


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Pussycat Catnap

Its fascinating how the last 2008 poster in the "Libertarian" post you linked thinks there are two models: libertarian or socialist.

- That extreme view of the world explains one of the core problems I run into when dealing with self-proclaimed libertarians. Two-sides to everything, us vs them, etc. Never seeing the edge of the coin which is actually wider than either side...

(Something that may descend from the founders of the Libertarian movement: who's perception of the world was peculiar enough that they were largely composed of the core authors of the Holocaust denial movement: http://www.dailykos.com/story/2013/10/06/1244705/-Holocaust-Denial-Libertarianism-Charles-Koch-Gary-North# )

Bitcoin's major corporate investor types all want it to lose the 'Libertarian edge' as well. They want it regulated. They want that so they can trace the money trails, gain predictability, gain accountability, and be sure they are not accidentally investing in criminal ventures that could expose them to sudden surprise liability.

There is a sane middle ground between 'laissez faire' and 'regulated into the ground' - and that middle ground is where BitCoin will have to land someday if it hopes to gain traction beyond the hype cycle. The flaw in Libertarianism in this regard is that because it sees only the sides of the coin, it presumes anything but laissez faire is over-regulation.


Every transaction with bitcoin can be seen unless a person uses a new wallet every time they buy something. A user's wallet and transactions are always fully visible. Do you even know anything about bitcoin? I'm guessing no.


Well, this explains the core problems and solutions should be created. Right now, it must be give and take to understand both sides and the underlying issue. That way, this can be solved to maximize its benefits.

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