walker on Nostr: Before Bitcoin, an economic minority of unproductive people could pervert the Law to ...
Before Bitcoin, an economic minority of unproductive people could pervert the Law to plunder the productive economic majority. The end state of this perversion is Communism. The economic minority is incentivized to pervert the Law to benefit themselves. “Democracy” is often the instrument of this perversion.
Bitcoin is not a democracy.
With Bitcoin, an economic minority *cannot* pervert the Law, and the economic majority is incentivized to keep the Law intact, because any perversion of the Law (protocol) is against their economic interests.
Bitcoin is not a democracy.
https://walkeramerica.substack.com/p/protocol-is-law
