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IPFS News Link • Bitcoin

We Need To Declare Our Independence From The Federal Reserve

• Zero Hedge

In the cypherpunk mailing list, Satoshi Nakamoto had a back-and-forth exchange with an unknown cryptographer:

"You will not find a solution to political problems in cryptography." — Unknown cryptographer

"Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." — Satoshi Nakamoto 

Between Nakamoto's emails, the Bitcoin white paper and the source code, there was probably nothing they said with a more aloof tone than this quote. I have to imagine they understood the economic ramifications that would come with developing such a system and this was likely why they remained anonymous. Then again, maybe they were blissfully unaware that there is no more dangerous enemy to the power of the state than economically free people.

Many early adopters of bitcoin were more likely software and tech gurus than they were economists or libertarians, but this comment by Nakamoto was profoundly libertarian. After all, if the government can wage war on poverty, drugs, crime and terror, why can't libertarians and Bitcoiners alike wage war on money printing? It's hard to overstate the phrasing here: "[W]e can win a major battle in the arms race and gain a new territory of freedom."


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