Seems like censorship-happy people are creating a new weapon. Be careful when supporting measures like this.
Seems like censorship-happy people are creating a new weapon. Be careful when supporting measures like this.
I’m also pretty burned out on all the crypto fans warning of a slippery slope to tyranny if crypto is not allowed to operate in a libertarian free market. Come on. Not everything is a road to tyranny. We live in a state of laws and sometimes those laws impact you. It doesn’t mean that’s you’re the victim of the early stages of a fascist regime. It’s childish to think so, in my opinion.
Financial transactions/trade is the most honest form of communication. Bitcoin enables unrestricted financial transactions aka free speech.
We rely on markets for information.
Falsely signaling to market participants demand for 1M sheep through a financial transaction costs you the price of 1M sheep. It is the most honest form of communication because the penalty for false/dishonest signaling is built in.
My point is that there's not much value in this honesty beyond the efficiency of markets. It can't be used to express complex ideas, to make logical proofs, or create art. It may be honest, but it is not truthful.
Moreover, though communication in free markets is honest, it does not constitute "speech" in the sense of free speech. It is what it is: trade. Not all actions, even if the action expresses the actor's unique will, are speech.
Markets should not be optimized on the idea that participating in them is speaking freely. Free enterprise is its own good, separate from free speech, and with its own ends. Confusing the two grants undue protections to those with the ability to "speak" loudest via a financial transaction. Confusing the two allows us to turn our political civitas into a parody of a free market, openly allowing the will of public officers to be bought by the "speech" of the rich.
So I must disagree with your assessment.