Posts Tagged ‘internet’

15
Feb

Bitcoin, Extropy, and Market Anarchy

by adminadam in articles, videos

Exponentially expanding hashing power. Fiat money pouring into Bitcoin startups and mining equipment. Digital economies flourishing despite massive QE and the artificial stabilization of the USD and other currencies. And Bitcoin’s in the middle of a period of relatively high inflation itself. And yet… it refuses to die. Bitcoin’s value may be low in terms of dollars and euros and yuan, but what it represents should not be underestimated:

  • The sudden, technological leapfrogging of antiquated payment systems
  • Unchecked divergence from centralized financial control structures
  • A violent tear-away from Keynesian inertia (let them print themselves into bankruptcy, I say)
  • A blossoming of new freedoms, empowering the Average Joe to hold his own money, secure his own stores of value, and hedge independently against insane-and-intentional inflation

Despite the price, all other metrics point to steady growth in adoption: New developers coming on all around the Bitcoin software ecosystem, new users getting wallets, new subscribers to reddit’s r/Bitcoin, and so on… Just since November 2013, we’ve seen 8,000% greater mining hashing power!

bitindexconstituents

See Dan Morehead’s recent talk for more on the adoption metrics and how Pantera Capital puts the BitIndex together.

With all this growth and the increasingly positive attention that Bitcoin is getting, this stark contrast is becoming ever more tangible to people: On the one hand we have our antiquated financial world of centralized, opaque, fiat-based, runaway economies — and on the other — the limitless, novel, and programmable force of innovation that is Bitcoin. Its nature is decentralized, transparent, deflationary, and predictable. Its economics are sane. Its economics are modern (in that they are secure, convenient, fast, and unrestricted).

The free market, an open-source ecosystem of ideas, market anarchy, has produced this technological marvel.

Truly stunning is the notion that through this network — for the first time — not only will you and I be able to converse economically over great distances (and even from space) relatively instantaneously, but also will the devices we use be able to exchange malleable, programmable, and unforgeble assets between each other according to operational limits and supply-and-demand (i.e., machine-to-machine purchases).

The internet of things could grow out of this: one asset class, one identifier per device; one separate asset class and token for permissible actions and permissions for each device interaction. A unit as small as a satoshi serves as a class or identifier in the blockchain; ethereum, bitcoin sidechains, or some other “Bitcoin 2.0” layer encodes and manages and tracks it. When no longer needed, the sidechain is released, its original satoshi returned to the main pool of bitcoins.

moneyprotocol

Mutual exchange of assets, of value, facilitated by open-source, libertarian-inspired software. Opening before us is an agora, a counter-economic, apolitical, parallel construction, forged in the minds of early 90’s e-cash theorists. The Bitcoin Agora is simply the amalgamation of sovereign actors making independent transfers of wealth without permission. Voting to approve of taxpayer money reallocation is not a prerequisite (or a priority) for the agorists of Bitcoin. They will buy and claim and transfer property with any given and legitimately-earned coin they wish — for as long as they want — despite the legal and regulatory mandates of old-world nation states. The extropy, this synergy between open-source software and distributed, digital, programmable money is unprecedented. And we have only just begun to unlock its full potential.

Change is in the air.

21
Apr

[Censored]

by adminadam in art

cispacensored

23
Apr

Thrive Countries, 1st Issue

by adminadam in articles

This is a mostly personally relevant list of 10 countries I thought I ought to travel to or live in at some point. However, it does contain a few good general insights and some interesting cross-referenced information from the Index of Economic Freedom and the Freedom on the Net report (links below). For example, you may be interested to know that Estonia is among the top 15 economically free countries in the world, but that it also tops the charts in press freedom and has the world’s greatest internet freedom.

I have included crosses (†) to indicate my own interest in the culture of countries listed where applicable, in addition to minuses (–) to show places that I am not interested in going to or spending that much time in (for now). For example, the United States is ranked 9th in Economic Freedom, extremely high in Press and Internet Freedom, but nonetheless it is my country of origin and therefore less interesting to visit than many of the others. For this reason it gets a minus. Note that I am also very interested in learning other languages and that I studied Spanish and Japanese for many years. Hence, Australia is less interesting, while Japan, Chile, Brazil, and others are more so.

Press Freedom I haven’t included but hope to in future editions of my list; This is something that is, of course, intimately connected with Internet Freedom and very important for every nation on Earth. It is another attribute that, for me, increases the gravity and draw of a place. If you are curious about Press Freedom as well right now, know that Freedom House publishes both reports: (PRESS FREEDOM) and (FREEDOM ON THE NET 2011).

This list is comprised of well-established, demonstrably-free societies that also happen to interest me personally. In later lists I hope to include information from the Human Development Index, Press Freedom statistics, and more.


Top 10 Thrive Countries for 2011

1. United States
2. Germany (†)
3. Hong Kong
4. Switzerland (†)
5. Estonia (†)
6. Japan (††)
7. Singapore
8. Chile (††)
9. Brazil (††)
10. Australia


Thrive Countries, 1st Issue (PDF)

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