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State Of The Bitcoin Union – Bitcoin Magazine

This is an opinion editorial by Phil Snyder, professor, video director and editor.

According to Merriam-Webster, a nation-state is: “A form of political organization under which a relatively homogeneous people inhabit a sovereign state.”

Is that what Bitcoiners are — or are turning into? Like it or not, Bitcoiners are political by default. If you consider in sound cash and act upon that perception by investing monetary sources, time, power, mind, emotion and can into house, you are in direct political opposition to the present world system. But are we comparatively homogeneous? Yes! If we enable that homogeneity could be an abstraction reasonably than restricted to bodily genetic origins. What binds us as a nation is our shared allegiance to such everlasting values as love, peace, equity and liberty. What preserves us as a nation is that we voluntarily submit to the rule of regulation embodied within the Bitcoin protocol — a code of honor that rewards the follow of these values and punishes breaches of the contract written in that code. Do we inhabit a sovereign state? Again, I consider that within the summary the reply is “yes.” Bitcoiners, by definition, are sovereign people. We declare ourselves sovereigns over our personal wealth and destinies by eschewing the Keynesian economics mannequin and its fiat cash system enshrined in Modern Monetary Theory (MMT) that corrupts every thing it touches.

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