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[liberationtech] Bitcoin and The Public Function of Money
c1.devrandom at niftybox.net
Thu Nov 1 19:39:35 PDT 2012
Jumping into the fray...
On 12-11-01 02:05 PM, Jacob Appelbaum wrote:
> Liberty requires acknowledging that other people exist and that we
> aren't individual islands.
> Care to address the externalities on our all of our lives that others,
> such as you, impose by their mere existence?
I fully agree that negative externalities (pollution, overgrazing)
should be avoided by imposing those costs on the relevant parties. I
don't agree that you can ethically compel others to participate in a
quest to capture positive externalities.
And even for negative externalities, consider the cost of trying to
avoid them. How often are coercive mechanisms are co-opted by special
For example, look at the Farm Bill. It is the main reason that USA has
such poor nutrition, because it subsidizes the wrong things. Or look at
I think we should create mechanism to avoid negative externalities, but
they should be very specific and protected from special interests.
Positive externalities should be captured by voluntary cooperation.
> Did Dmytri correctly restate your values? Do you think people should
> provide nothing as a society?
They should be allowed to do so voluntarily.
> All the best,
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