Exciting news from the world of Bitcoin this Tax Cattle Day. Today is the day, with fear in our heart, we submit to the human farmers who fleece us under threat of violence. But today Fr33 Aid is making the courageous move of declaring their financial independence by willfully and publicly severing their ties with the IRS, forsaking all the banking privileges that entails, and announcing themselves as an entirely bitcoin based organization. As far as I know they are the first charitable organization to do this. I hope you can appreciate how radical this is.
Posts Tagged ‘Stephanie Murphy’
I’ve been thinking about this since Ofer Nave spoke in the Agorist Panel at the New Hampshire Liberty Forum this year. He drew a distinction between sustainable and unsustainable counter economic activity, but predicted a series of tipping points when more unsustainable activities become sustainable as the counter economy grows. He also made an economic point that in the current market it makes more sense to spend dollars than silver currency. Greshem’s Law suggests that when legal tender laws exist, if a merchant accepts silver and paper it’s in the customer’s best interest to spend paper and horde silver. But, agorists still spend silver against their economic self-interest out of what Ofer called “irrational exuberance,” or passion for liberty. I have a similar concept that I call the “entertainment premium” on activism.