Part 11/14:
Bitcoin’s ability to offer hard, private property rights—resistant to inflation—could dramatically reduce state revenue, limit its ability to manipulate markets, and empower individuals. They emphasize that moving toward a Bitcoin-standard could bring about a shrinking of the state, fostering localism and reducing systemic corruption.
Practical Steps Toward Reform: Localism and Experimentation
The conversation underscores the need for experimentation at local levels—small, entrepreneurial governance structures that can be tested, kept, or discarded based on their effectiveness. They critique the current top-down centralization that stifles innovation and hampers economic progress.