Gold collapsing. Bitcoin UP.

Zangelbert Bingledack

Well-Known Member
Aug 29, 2015
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The Twilight of the Age of Propaganda, the Darkness of the Fake Town Square, and the Dawn of the Age of the Real Town Square

I concluded about 5 years ago during the Theymos censorship that the way stuff is found out in the Internet age where people can argue (Reddit was a precursor to how it would be done on the social media platforms), by the portion of people who question things (including most of the opinion molders), is by viewing the organic "town square" of public forums with unlimited access and basically neutral moderation rules enabling an essentially free speech zone where you can view the arguments of all sides and decide for yourself. This was a great advancement over the Age of Propaganda where only those who had the means could get their message onto TV, newspapers, radio, etc.

It was a kind of free for all, where you were not censored (in Usenet, for example) or you could switch platforms if there was censorship.

Except that that kind of freedom doesn't work without markets, and what the Bitcoin whitepaper called the "trust-based model" (a pre-existing academic model in Internet commerce due to a lack of the ability to do micropayments) made the Internet essentially socialist-leaning in its design, bound to consolidate into siloed data-owning behemoths like Amazon, Facebook, and even Reddit, because if you were to switch platforms your data (your comments and posts and connections) does not travel with you.

Secure micropayments baked into the Internet would have allowed for what the Bitcoin whitepaper called "small, casual transactions" (casual as in you don't have to look for a large established retailer or other entity you can trust not to screw you over when you transact (due to high transaction costs such as when paying via credit card or Paypal obviating small throwaway transactions where you can take a chance on a small service with little history or rep)).

High transaction costs causing firm size to grow large is what Ronald Coase was talking about in his Theory of the Firm paper in 1936.

This socialist-leaning structure of the Internet made for the siloed data system where essentially now the social media platforms are the trusted parties, because switching costs are so high that the network effects concentrate people onto platforms they hate.

These entities are large enough that they can become corporatist and do the government's bidding by censoring in that subtle but extremely powerful Theymosian way that maintains the illusion of a neutral town square, or just wield tremendous power in their own right. This portended the Age of the Fake Town Square, the Town Square Matrix if you will. In this era, the appearance of total agreement with no objection to certain key claims within an apparently largely neutral town square makes everyone conclude they are true. I trust the staggering effect of this illusion need not be elaborated for those who lived through the r/Bitcoin days.

Trump seemed to see the dynamic at least dimly when he released the executive order about Twitter, Youtube, and the rest losing their platform privileges if they continue to act as a publisher by censoring and screwing with content in a biased way.

Laissez-faire requires a mature market and a mature legal natural order (cf. Hayek's spontaneous order concept) to work, and I believe this is true of the Town Square as well. It ultimately needs a capitalist-oriented base Internet design and a legal system that has come to grips with these new realities re: platform vs. publisher (indeed I've probably said I believe the legal limbo Twitter, Facebook, Youtube, Reddit, etc. exist in where they get away with censoring in an ad hoc fashion without being responsible for the published content on their platforms is legally unstable - that is, it will eventually be sorted out into more nuanced legal rules that prevent this abuse).

In short, society is adjusting to the new age of information (the post-propaganda era) in both a legal and market-based way, and the eventual result could be called the Age of the Real Town Square, but it will take years and in the meantime we will likely see ever more egregious abuses where the truth is more and more hidden in plain sight.

I think we are seeing these "platforms"-cum-publishers flex this great newfound power already with covid, the election, the riots, global warming, etc. And them having this power gives government, drug companies, oil companies, etc. the ability to use the "platforms" as a conduit to impose their agenda truth be damned, just like the FDA, CDC, EPA, etc. become a target for rent seeking.

Bitcoin is the only thing that can save the Internet by weaving capitalism into its fabric, along with lawsuits where lawyers who understand the great evils to which this platform-publisher limbo leads ply their trade.
 

AdrianX

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Aug 28, 2015
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bitco.in
society is adjusting to the new age of information (the post-propaganda era) in both a legal and market-based way, and the eventual result could be called the Age of the Real Town Square,
On the money, enter Boost. Those who witness the Bitcoin narrative control starting in 2015 have an insight into the problem that's now global.

It wasn't until I had my voice censored for asking questions after being told what was on script did I see it.

Growing up in a country where the government controlled the narrative was different, there everyone knew the official story was false, but in a free world or one where you think the truth is free, it's far more dangerous, because no one knows the narrative is a byproduct of propaganda even if it's algorithmically controlled to create a false reality that's designed to get you to spend at the cost of your health and welbeing.
 

cypherdoc

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Aug 26, 2015
5,257
12,995
Gold collapsing. Bitcoin UP:


Post automatically merged:

Bitcoin is the only thing that can save the Internet by weaving capitalism into its fabric, along with lawsuits where lawyers who understand the great evils to which this platform-publisher limbo leads ply their trade.
i'm intrigued by the possibility of having Bitcoin save the voting system; an idea that has been bandied about since it's beginning.
 
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cypherdoc

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Aug 26, 2015
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in actuality, the journey has just begun. altho when looking back over all those years, what a helluva journey it has been 😇

 

AdrianX

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Aug 28, 2015
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Zangelbert Bingledack

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Aug 29, 2015
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5,585
i'm intrigued by the possibility of having Bitcoin save the voting system; an idea that has been bandied about since it's beginning.
Bitcoin enables some key elements, but a full voting system that solves all the problems in voting theory will require quite a lot of structure on top of Bitcoin, to prove people didn't sell their vote, to allow for people to prove their vote went the way they wanted without letting anyone else know who cast the vote, etc. It's a much, much harder problem than it at first appears.
 

Zarathustra

Well-Known Member
Aug 28, 2015
1,439
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Communist collectivism has failed for 100 years. Capitalist collectivism has failed for 5,000 years.
But now Bitcoin is coming and for the first time in history it will create a capitalist collectivism that works. The economy will grow even faster, but the exponentially accelerated destruction of the planet will magically be reversed. Physical laws are overcome. The mainstream will finally realize that a colossal change in the chemical composition of the atmosphere in the water and in the air cannot change the climate in the oceans and in the air.
And best of all, democracy is coming to the USA.

It's coming like the tidal flood
Beneath the lunar sway,
Imperial, mysterious,
In amorous array:
Democracy is coming to the U.S.A.

Sail on, sail on ...

I'm sentimental, if you know what I mean
I love the country but I can't stand the scene.
And I'm neither left or right
I'm just staying home tonight,
Getting lost in that hopeless little screen.
But I'm stubborn as those garbage bags
That Time cannot decay,
I'm junk but I'm still holding up
This little wild bouquet:
Democracy is coming to the U.S.A.

 
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cypherdoc

Well-Known Member
Aug 26, 2015
5,257
12,995
Oh brother
 

witly

New Member
Feb 1, 2017
20
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A minimalist voting system based on bitcoin for relative small population such as a university/company/town will already be very useful.

Btw, no solution (thenical/non-technical) can prevenet people from selling vote. A good political voting system should not prevent selling vote but rather making selling vote eaiser, safer and transparent. The current form of democracy only leads to socialism.

Bitcoin enables some key elements, but a full voting system that solves all the problems in voting theory will require quite a lot of structure on top of Bitcoin, to prove people didn't sell their vote, to allow for people to prove their vote went the way they wanted without letting anyone else know who cast the vote, etc. It's a much, much harder problem than it at first appears.
 
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bitsko

Active Member
Aug 31, 2015
730
1,532
Madison's opulent minority may well be rekt by the pact of the states who would like to replace the electoral college with one person one vote.

This all assumes that American Democracy wasn't already made a sham though, which I'm not sure of.
 

cbeast

Active Member
Sep 15, 2015
260
299
Democracy isn't a goal or a destination. It's a process, a guideline. It's like the scientific method leading to scientific progress. The best democratic method we have is the US Constitution. It requires discipline and peer review. It gets updating from time to time and always needs checks and balances. The reward leads to overall social progress.