People Are Fragile. Bitcoin Is Antifragile

[arvinabeabe]

We think of them as sprawling, soulless entities, but what is a government but a collection of people armed with a mandate to make themselves known? And that’s where the problem begins. Every newly elected government believes its first role, upon entering office, is to stamp its authority. This means rushing through a slew of laws within the magical First 100 Days. Like a newly appointed middle manager compelled to stamp their authority, governments just can’t resist governing. They are whores for laws, enacting legislation with wild abandon, and all the while seeking ways to further entrench their power.

The Secret to Better Government Is Less GovernmentBitcoin is, in many ways, the antithesis of statism. It is a form of money that removes power from governments and distributes it far and wide. Without the ability to print, debase, and devalue national currency, governments would be stripped of the means by which to implement their spurious laws and senseless schemes. For all its promise, however, Bitcoin is not about to take over the world any more than libertarianism is about to become the dominant political ideology. But what Bitcoin does is introduce a check against the worst excesses of government.