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 becoming? Like it or not, Bitcoiners are political by default. If you believe in sound money and act upon that belief through investing financial resources, time, energy, intellect, emotion and will into space, you are in direct political opposition to the current world system. But are we relatively homogeneous? Yes! If we allow that homogeneity can be an abstraction rather than limited to physical genetic origins. What binds us as a nation is our shared allegiance to such eternal values as love, peace, fairness and liberty. What preserves us as a nation is that we voluntarily submit to the rule of law embodied in the Bitcoin protocol — a code of honor that rewards the practice of those values and punishes breaches of the contract written in that code. Do we inhabit a sovereign state? Again, I believe that in the abstract the answer is “yes.” Bitcoiners, by definition, are sovereign individuals. We declare ourselves sovereigns over our own wealth and destinies by eschewing the Keynesian economics model and its fiat money system enshrined in Modern Monetary Theory (MMT) that corrupts everything it touches.

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