The Age Of Meritocracy — Bitcoin Is Not Democratic Part Five
The final installment of the Bitcoin Is Not Democratic series explores how a society built on Bitcoin may function and how merit will supersede politics as a mode of social organization.Thinking about the effect Bitcoin has and will have on the organization of human society sends one down many rabbit holes. We’ve been down a few already.In the final part of this series, we’re going to explore the idea of a “meritocracy,” alongside some flavors of that model which I believe Bitcoin makes possible.Once again, these are thought experiments. I do not have all of the answers and in fact, may....
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Part three of the “Bitcoin Is Not Democratic” series explores the building blocks necessary to construct a civilization that transcends politics.
Democracy is antithetical to the fundamentals of private property rights and, therefore, the functional, fair organization of society.
As the concept of “democracy” regresses before our eyes, Bitcoin presents a new way of ordering society and incentivizing progress.
The death of Democracy is around the corner — what will replace it? As Bitcoin changes the very fabric of society, we’ll need new modes of governance and coexistence.
BREAKING: According to Reuters, Japan will not regulate Bitcoin in the nearest future. Japan's Liberal Democratic Party has decided to go against Bitcoin regulation in the aftermath of the Mt. Gox failure. Bitcoin has been under scrutiny by the authorities in Japan, the temporary conclusion by the Liberal Democratic Party is therefor somewhat surprising. The Liberal Democratic Party lawmaker Takuya Hirai, who leads the party's internet media division, said on Thursday: Basically, we concluded that we will, for now, avoid a move towards legal regulation. He also told that a final decision....