{"id":10891,"date":"2021-08-12T14:54:14","date_gmt":"2021-08-12T14:54:14","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/satoshi-versus-the-infrastructure-bill-political-permission-not-required\/"},"modified":"2021-08-12T14:54:14","modified_gmt":"2021-08-12T14:54:14","slug":"satoshi-versus-the-infrastructure-bill-political-permission-not-required","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/satoshi-versus-the-infrastructure-bill-political-permission-not-required\/","title":{"rendered":"Satoshi Versus the \u2018Infrastructure Bill\u2019 \u2014 Political Permission Not Required"},"content":{"rendered":"

When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely wasn\u2019t with the idea that governments and central banks needed to recognize, adopt, and regulate Bitcoin for everyone\u2019s benefit. To the contrary, if anything can be taken away from that document and the message encoded in the genesis block, it\u2019s that centralized institutions need not have any place in our financial lives outside our freely chosen, express consent for them to do so.<\/strong><\/p>\n

Separating Money From the Church of Politics<\/h2>\n

\u201cA purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.\u201d<\/p>\n

\u2013Bitcoin white paper<\/a><\/p>\n

\u201cThe Times 03\/Jan\/2009 Chancellor on brink of second bailout for banks\u201d<\/p>\n

-Bitcoin genesis block\u2019s<\/a> coinbase parameter message<\/p>\n<\/p>\n

In the same way it would be absurd for the Catholic Church \u2014 or any church for that matter \u2014 to violently force their beliefs on others via a government, it is the height of folly to believe that complete strangers involved in this collective abstraction called \u201cthe state\u201d should be able to tell us how to spend our money, or be allowed to interfere with our private financial lives.<\/p>\n

Imagine having a neighbor down the road demand you show them your wallet every day, and if the money ever exceeds a certain amount, you have to pay them a percentage \u2014 or else. And further, imagine there\u2019s another neighbor down the road this first neighbor doesn\u2019t like, with whom you are now prohibited from transacting. Even lending this friend five bucks, for example, could be strictly off-limits and come with brutally inhumane, violent consequences. Break these arbitrary rules and you will pay a hefty price in time, health, and money. The ostensible justification for all of this is that the nutty neighbor is just trying to protect you from bad actors.<\/p>\n<\/p>\n

Infrastructure Bill Shows Regulators Continue Sapping Bitcoin of Its Utility<\/h2>\n

This past week many in the crypto community have been in a tizzy over the new $1.2 trillion infrastructure bill<\/a> that was just approved by the U.S. senate. The controversial legislation\u2019s vague definition of who or what might constitute a cryptocurrency \u201cbroker\u201d has individual crypto asset holders, node operators, app developers, miners, and major corporate players in the industry saying that if this thing goes through, innovation will quickly flee the draconian U.S. for friendlier and more open-minded crypto shores.<\/p>\n

Technically, the verbiage of the massive 2,702-page bill could even classify someone who merely facilitates trades of crypto and fiat for a friend regularly as a \u201cbroker\u201d responsible for reporting to the IRS. And we all know what happens if you raise the hackles of those weird neighbors. They\u2019ll show no mercy, and even eat their own<\/a>. That\u2019s not to mention that for most of the concerned parties the logistics of said invasive reporting would be virtually impossible, anyway.<\/p>\n

H.R. 3684<\/a> updates the 1986 Internal Revenue Service tax code to expand the definition of \u201cbroker.\u201d<\/p>\n

The strangers down the road peopling the large edifices in D.C. take on much greater importance to most than the aforementioned crazy neighbor in the example. People generally have an idea that these strangers in government edifices across the globe are somehow special. Exempt from the common morality and justice we expect from our neighbors. They are gods, well within their rights to arbitrarily decide how money may or may not be used. With or without your consent.<\/p>\n

Here is a tragedy: an alarming number of crypto enthusiasts are ready and willing to let these suited strangers in D.C. determine their financial fates, and even go so far as to beg and plead them to please show mercy and favor regarding their own personal finances.<\/p>\n

Perhaps this isn\u2019t the place to get into the \u201cbut that\u2019s just how it is, that\u2019s how society is set up\u201d objections here, because this article would become far too long. Suffice to say, there are ultimately two roads we can go down regarding crypto: live and let live via voluntary consent<\/a>, or violent force against peaceful people. The latter is the lazy and so-called \u201cpragmatic\u201d path, but this pragmatism sure has led to a whole lot of heartbreak and tragedy. And that\u2019s got to be the biggest understatement in all of recorded history.<\/p>\n

With all the regulatory concern about Bitcoin\u2019s energy consumption, one is led to wonder what the carbon footprint of 20+ years of sustained U.S. bombing in the Middle East adds up to. Image: ART production<\/a><\/p>\n

The Scapegoating of Bitcoin: Climate Change, Terror, and Money Laundering<\/h2>\n

With this new U.S. infrastructure bill (now moved to the House of Representatives which is on recess until September 20), the EU\u2019s plans to track all bitcoin transactions<\/a> and ban anonymous wallets, the massive momentum CBDCs are gaining worldwide as countries responsible for 90% of the world\u2019s GDP research and trial them<\/a> \u2014 it is clear we are on the cusp of something unprecedented. Even the sacred realm of decentralized finance (defi) is no longer safe, with U.S. Securities and Exchange Commission Chairman Gary Gensler recently calling for more authority<\/a> to regulate decentralized finance.<\/p>\n

Contrary to Satoshi\u2019s vision for peer-to-peer electronic cash without the need for a financial institution, the picture taking shape is one instead of complete, centralized, coercive control of private finance. Privacy and autonomy in money, in other words, are being made out as relics to be traded in for antiquated ideas of kings ruling peasants, disguised as modern and sensible \u201cregulation.\u201d<\/p>\n

If crypto\u2019s excessive regulations are meant to include the financially excluded and give them access to financial tools, it stands to wonder why debilitating limitations and KYC requirements must be centrally forced upon them, when these matters of security could be handled locally.<\/p>\n

In lockstep with a discrepancy-riddled narrative about a deadly virus, we find a new virus growing ever stronger: a mutant strain of unapologetic economic surveillance and the invasive co-opting and destruction of useful and groundbreaking financial technologies for individuals everywhere in real, dire need of economic freedom. The supposed justification given for this is that Bitcoin is economically dangerous, bad for the environment, and used by criminals. In psychology, this is what is called \u201cprojection<\/a>.\u201d<\/p>\n

But the cold, hard realities remain:<\/p>\n

Terror and destruction of the earth are the specialty of the state<\/a>, not internet money.
\nDestruction of economies and livelihoods is the specialty of the state<\/a>. Permissionless internet money is saving people<\/a> from government folly.
\nStatistically, almost all financial crimes are still conducted in fiat currencies. There is no contest. Reports for 2020 show that crimes in fiat were estimated to account for $1.4 trillion dollars<\/a>. The same estimates put crypto crime at about $10.5 billion.
\nSlavery and stealing are wrong, no matter what form they take, or how stylish they are made out to be.<\/p>\n

I will get to the slavery part at the very end. Suffice to say that although democracy is given endless lip service by politicians, the individuals\u2019 representative government is meant to comprise are becoming increasingly voiceless. Some advocate from a well-intentioned place that we politely ask these dangerous neighbors of ours in D.C. to change things. But when the channels for change themselves are foundationally corrupted, no amount of pleading will ultimately do us any good. Luckily, crypto doesn\u2019t require political permission.<\/p>\n

We need an unanimous vote on the NEW compromise crypto provision. Call your Senator NOW.<\/p>\n

Ask them to support the Toomey-Lummis-Warner compromise crypto amendment, to ensure we don’t dramatically expand financial surveillance & harm innovation. <\/p>\n

517-200-9518<\/p>\n

It takes 30 secs. pic.twitter.com\/23tUIh2LP2<\/a><\/p>\n

\u2014 Naomi Brockwell (@naomibrockwell) August 9, 2021<\/a><\/p>\n<\/p>\n

How to Experience Crypto Freedom Right Now<\/h2>\n

In three words: just use it.<\/p>\n

Pay for things<\/a>. Tip your friends. Invest it. Keep it in non-custodial wallets. Buy it from people face-to-face or online. Conceal it from immoral and privacy-invasive institutions and governments. Ignore them. Build a hugely successful start-up. Or do none of these things. Do everything completely in line with legacy finance models or anything in between. I do not care. The difference is I will never try to violently attack you or cage you if you don\u2019t do things my preferred way. That\u2019s government\u2019s game.<\/p>\n

<\/p>\n

There is now serious risk to doing even peaceful, completely moral things without permission in our current paradigm. This says a lot about the state of the world. And while it may not be advisable for everyone to run headlong into the offices of the IRS shouting they will never pay them a dime again, without direct, permissionless economic action, crypto\u2019s utility is all but lost.<\/p>\n

\u201cJust use a credit card, bro.\u201d \u201cJust use a CBDC.\u201d \u201cJust do the KYC thing so the number keeps going up.\u201d \u201cSure, bro, we can no longer use crypto freely and need to report everything. Sure, its utility has been stripped away. But I\u2019m going to be rich.\u201d<\/p>\n

\u201cI just passed my KYC bro. Now I can use my Visa card to pay for things with crypto as soon as my Paypal crypto account is unfrozen so I can top up the card.\u201d<\/p>\n

Yes, you\u2019ll be rich alright \u2014 in a bleak, dystopian, locked-down world that\u2019s not even worth living in, anyway. Maybe you can spend your fortune on something to help improve your social credit score<\/a> so you\u2019ll have a chance at flying out of the country for a vacation next year.<\/p>\n

No, money is a tool to help us enjoy our lives. And without economic freedom, there can be no such enjoyment of life\u2019s ups and downs, no love or adventure and fun. Many folks in the cryptocurrency community these days seem to have little to no understanding of what this freedom really is. But for those that do, the philosophical battle is worth fighting, even if it ends up costing us dearly. That may seem paradoxical on the surface, but it\u2019s not. The battle may be lost, but the war is already won. The idea\u2019s already out, and that\u2019s what matters most.<\/p>\n

\u201cNumber go up\u201d is thus very exciting for one reason: it means greater access to tools, opportunities, and leverage to make the world a more happy and free place:<\/p>\n<\/p>\n

To say these goals \u2014 maximal peace, economic freedom, and non-violation of the non-violent \u2014 are \u201cutopian\u201d or unworkable because the present system finally holds no water. It\u2019s tantamount to saying years ago that because farming relies on slave labor, we cannot change things. This is a lazy excuse. Satoshi Nakamoto pushed things forward and helped evolve finance into a much freer place. If money can evolve in such a way, so can societies across the globe<\/a>.<\/p>\n

Personally, whether I win or lose in my lifetime is not what is most important to me right now. I\u2019m happy because the idea is here, because I can fight for it, and because I can use crypto however I damn well please, right here, and right now<\/a>. To me, this is about human dignity. Hopefully, my son\u2019s generation and those after him can laugh in disbelief at how silly this whole tragic clown show has become. And slough off the religion of politics for a free economy.<\/p>\n

What are your thoughts on the new U.S. infrastructure bill as it relates to Satoshi Nakamoto\u2019s white paper? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nOp-Ed, AML\/KYC, anarchy, AntiWar, Bitcoin, bitcoin cash, CBDC, Central Bank, crypto anarchy, economics, eu crypto regulation, Gary Gensler, Government, infrastructure bill, Libertarian, mining, Node, peace, Politics, Regulation, Satoshi, Satoshi Nakamoto, terrorism, Voluntaryism, War<\/p>\n","protected":false},"excerpt":{"rendered":"

When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely wasn\u2019t with the idea that governments and central banks needed to recognize, adopt, and regulate Bitcoin for everyone\u2019s benefit. To the contrary, if anything can be taken away from that document and the message encoded in the genesis block, it\u2019s that centralized…<\/p>\n","protected":false},"author":0,"featured_media":10892,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10891"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10891"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10892"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}