4min chapter

Bitcoin Rapid-Fire cover image

Jameson Lopp: Bitcoin Covenants, OP_VAULT, Upgrade vs. Ossification & Casa Changes

Bitcoin Rapid-Fire

CHAPTER

The Sovereign Individual Thesis

It's far more difficult for the state to siphon off your wealth effectively either Surpreteously by inflation or directly by a taxation I mean you can both of those things can be far more easily avoided with a money like Bitcoin And so then the question becomes well how does such an institution? Continue to fund themselves if more and more people operate in that way. The punchline is basically well They won't be able to fund themselves to the same extent and therefore they will atrophy to some degree over over the course of time. We'll end up having smaller and smaller and small and smaller governance government until the degree to which they are paid for their services is Commenceurate with Whatever services

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