Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th...
by sf_rob on Friday December 08, 2017 @12:42PM
(#15880403)
>Why would you ever voluntarily agree to a high-inequality society where you are at the lower end?
In terms of political philosophy, most libertarians come at it through a rights based framework (see: Bastiat, Locke) and believe rights to be non-arbitrary. You seem to be suggesting a more self-interested framework which I'm not going to argue for/against.
In terms of reality, libertarians skew wealthy and less social. Like most groups they are more likely to rationalize a system that is congruent on the surface with their place in society.
Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th...
by xg15 on Tuesday December 19, 2017 @03:35AM
(#15958670)
> In terms of reality, libertarians skew wealthy and less social. Like most groups they are more likely to rationalize a system that is congruent on the surface with their place in society.
Well yes, I too can think up the philosophy of xg15ism in which people like me are well off at the cost of everyone else - and then demand that society implement it, pretty please.
I just don't see how that would bring us forward in any way.
I could never really make sense of that position. Voluntarily by whom? Why would you ever voluntarily agree to a high-inequality society where you are at the lower end?
I don't think bitcoin is a valid example because it's something that (right now) you can choose to ignore completely without any negative consequences for you. Therefore, high inequality is not necessarily a problem.
The moment bitcoin would become the single dominating currency, the situation would be completely different.