Topic: Our response to Dmytri Kleiner's misunderstanding of money - page 4. (Read 7079 times)

Take it how you like, but I've not deleted anything.

EDIT: Well, I have now.

I don't mind that you deleted the posts - I'll take that as acknowledgement rather than a clear abuse of power.

I concur.  Don't waste your time on that guy.

I don't have to do either.  history is already on my side, just not in Graeber's mind.  You made this reference, it's up to you to argue that it's correct.  I don't personally care what you believe, but to just say "Graeber says this" is committing the 'appeal to authority' falacy using someone I do't even view as a an authority on the matter.

You do realize what you are actually teaching your child (using this example) is not to fear exploration for fear of harm to himself, but fear exploration for fear of harm from his parent? If the point is to make them remember this occurrence, what do you think will happen when they get old enough to leave the nest?

Don't argue with me, argue with David Graeber and history.

No sorry.  Money is the most liquid good in a barter economy, and arises naturally.  And it does so, so quickly that there is no recorded example of a stable barter economy; at least not in the sense that some form of commodity didn't function as the monetary "change" in a barter transaction.  There are plenty of examples of societies that evolved money well before any need to raise or mobilize an army, even before the invention of writing in order to record same.

Generally speaking I completely agree with the conclusion of your response, but there is one point you make which is just flat out wrong:

"The origin of money is barter. In fact, money derives directly and unavoidably from barter."

Nowhere in recorded history has money ever derived from barter. It has always derived from credit or the need for mobilization of armies. http://www.amazon.com/Debt-First-5-000-Years/dp/1933633867

If you arent taxed how do you think all those highways and roads and thousands of other things are paid for? There is no centralization we see scams all the time and there is nothing you can do about it. Your computer gets hacked you are done. Dotn care how many backs up you have it takes a matter of seconds to empty your wallet once its broken in to and you will not be reimbursed by anyone. I can go on and on. Mostly the arguments why bitcoin is superior are just lousy points aka quick transaction times and low fees, yawn.

I concede that maybe you won't be civil enough.  I, my loved ones, and pretty much everyone I interact with on a daily basis, will be, because we are civil already, and we are civil not because but despite threats.  We civil human beings outnumber people like, perhaps, you, probably 25 to 1.

My observation to you: if you fear death in such a world order without violent authorities, perhaps you would like to learn to be civil before it takes place?  Since not being civil will certainly cost you your life in ancap society, it pays off to learn civility.

Certainly as long as the world if full of dysfunctional, exploitive families it will be difficult for people to stop conflating their childhood experiences with human nature.

a) ruthless, tribal governments (organically arise)
b) centralized, highly organized governments

take your pick.  People will never be civil enough to sustain ancap.

There is no plan, nor any need for one.

When people stop believing that threatening other humans with violence is a valid way of solving social problems the State will end, just like how slavery ended when people stopped believing it was right to own other humans. When the State ends, people will find alternate ways to solve their problems, just like they found alternatives to slave labor. It's impossible to predict the precise form those alternative solutions will take, because making that prediction is equivalent to solving the economic calculation problem.

Well said.  This very, very obvious point is often missed.

Yep. It's right in the language. Libertarian=liberty. Government=govern (manipulate, control, restrain).

Utopian vision? I have nothing of the sort. Bitcoin doesn't make the world perfect, and a libertarian world in which freedom is respected would not be a perfect world either.

And there is a very good strategy to achieve "our aims" (though you've already made a mistake in thinking all libertarians have the same aims). My strategy is this: build Bitcoin. I'm not destroying anything, I'm building. I'm building an alternative to the decrepit system we now use.

And nobody is hoping that anything "magically rebuilds." Rather, some of us understand that it is man's natural tendency to build, and that the extent to which coercive elements of society are removed is the extent to which man can best build and create. It's not magic, it's nature.

What IS wishful thinking is the Statists who, for some reason, think that a group of men can plan the economic relationships of millions of people. What IS wishful thinking is the Statists who believe the unending printing of money can actually create real wealth.

The libertarians are not the ones destroying anything. They are not the ones bombing, building machines of war and destruction, and crushing the spirits of millions of otherwise creative people with regulations and fallacious dogma. Those who are involved in Bitcoin are trying to build something crucially important. There is very much a strategy to it, and no magic is involved. Markets work because of the natural tendencies of humans, and we're demonstrating this every day we continue forward.

This theft might or might not happen in the future, but at least Bitcoin will have prevented the biggest heist of all: inflation.  ;-)  In my book, that's progress.

Dmytri is right about this much: Bitcoin will never replace Government fiat money completely... at least not in powerful western nations any time soon. The reason why has nothing to do with the inability of the Government to tax a currency like bitcoin. The reason is because the system is so heavily dependent on endless streams of debt-based fiat money. They will never recognize a currency like bitcoin as an official financial tool for paying public debt and they will never allow us to pay taxes or fines in anything other than their fiat Government currency. Well certainly not in our life times. Bitcoin will simply fill it's own niche in the currency market, all other Government currencies will still exist along side bitcoin... they each serve a purpose and have different properties, the Government will always use a currency with properties they desire. And they've spent a lot of time crafting this absurdly mind-boggling debt based system made of unicorns and rainbows.

It won't work.

There's a form of EROEI that applies to taxation. Governments have a exponentially-increasing need for taxation to bribe the dependent classes, pay public sector pensions, and to make legislators rich by diverting money to their cronies in the "private" sector.

Eventually the need for taxation will exceed the available productivity and the state will collapse just like it did in Rome, Weimar Germany, the USSR, and many others. That point comes much faster when the enforcement cost rises. If the government has to spend $0.01 per dollar of revenue in enforcement costs the game can go on a lot longer than if it has to pay $0.10 per dollar of revenue.

If taxes must be attached to tangible property and collected directly from individual taxpayers the "return on investment" from the perspective of the government drops catastrophically.

Government will (in the end) tax your house, your land, your car etc. and will demand BTC. You cannot hide physical property too much and they will tax it. For bitcoins!