This will perhaps be my last entry on Bitcoin for a while, but as I alluded to in my last post, my chief motivation in this is to get some of my readers—just like Resistant Starch—to say ‘wait, someone who’s given me good advice in the past is onto something, and so I want to know more about that.’
Get it? I’m a “Trust Agent,” but I’m only saying: check it out.
Here’s the last two posts:
- A Quick Primer on Bitcoin
- Dispensing with Ayn Rand Statism—with its Concrete Bound Mentalities—and Typical Ignorance Regarding Bitcoin
Both are getting some interesting comments, but the one I wish to highlight is something I’ve not covered explicitly, yet, though I had intended to in a comment, then forgot.
But Howie covered me.
For westerners, Bitcoin is a neat experiment with a lot of promise. For folks in developing countries who have experienced fiat currencies at their worst (e.g. Zimbabwe’s trillion note), this is a Dogsend. Imagine the revolution for the small farmer who will eventually use his cell phone to send money using SMS text (developers are working on this).
Ah, indeed. I replied.
You win my smart man of the day award.
Took the words out of my mouth. In fact, I just published a comment where I had intended to say much the same—about the leap frogging ability of the 3rd world—but forgot, and as soon as I hit send, I saw your comment, as though to rebuke me for such an oversight.
Yes, BTC actually puts the 3rd world on equal footing. Completely equal. A guy in a mud hut in Zimbabwe on exactly equal monetary footing as the most coiffed and suited Zurich banker.
Brings tears to your eyes when you consider the implications.
But don’t take a look. Those poor brown skins might have a way to outmaneuver you when you’re busy doing all the stuff fiat currency and your vote have provided you.
In short, I will love it when, someday, hopefully, I’m on my beach in a tropical area, using my phone to trade, to take in BTC, and pay BTC, all having to do with my 12 bungalows, where we spear fish in the morning to cure the previous night’s hangover, and get drunk in the evening to rewind, around the campfire.
To secure a reservation in my exclusive resort—with only ceiling fans and cold running water—you’ll have to score 100% on one of my various tests covering everything, just so I know I want to get drunk around the campfire with you—and trust you with a fish spear the next morning.
I have no doGs. That includes government and its monopoly money. I do as best I can in the interim. What I’ll love the most about it is if I can see the Nomenclatura of all sorts in all of the 1st world starving to death, and smaet folks in mud huts prospering.
Ah, you always thought my free market-anarchism was about getting more power for the powerful, didn’t you? Or, you thought it was about another silly bloodletting where the poor and downtrodden get scammed again, a-la Castro. Nope. I want them to have real power on a par with anyone, which is the ability to trade in a viable medium of exchange that is actually a MEDIUM of exchange. And then they’re on their own.
They are going to kick your lazy privileged asses. Is that your fear? I’m not, because I want to live more like them, with meaning.
Like my Heinleinesque bungalows.