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The cryptoconomy means many things to many people. For example, since the inception of Bitcoin in 2009, some individuals have used digital currencies as a form of agorism otherwise known as counter-economics. These people believe that using bitcoin as a tool to avoid state harassment is one of the technologyâs key features with the potential to reduce the manipulation and civil abuses perpetrated by government bureaucracy.
Also read: This Short Animation Might Make You Think Twice About Taxes
Bitcoin and Agorism
Since the creation of the Bitcoin network, many libertarians have flocked to this technology. Groups of ideologists who believe in free markets, anarcho-capitalism, and the protection of property rights have all called cryptocurrencies a tool that can be weaponized against central controllers of the worldâs money. Agorists, in particular, appreciate cryptocurrencies as a means to avoid state harassment and civil abuses like taxation at all costs. Because digital currencies can be used in a private manner if the user desires then people who live counter-economically can stop funding wars, the police state, corruption, and the oligarchy.
Agorism stems from the Greek root word âagora,â which means âopen marketsâ and the philosophy of counter-economics was first conceived by a libertarian philosopher named Samuel E Konkin III (SEK3). Konkin asserted that agorism is the ultimate strategy for living free because it involves any types of voluntary exchange, but makes sure the state is removed from the situation.
âEveryone is a resister to the extent that he survives in a society where laws control everything and give contradictory orders â All (non-coercive) human action committed in defiance of the state constitutes the counter-economy,â explains Konkinâs Agorist Primer.
Agorists partake in black markets and operate under the noses of the state in the gray area as well, which could mean avoiding taxes, dismissing the idea of permits and licenses, operating a business under the table, and circumventing regulations. Of course, using money is a big part of the ideological process as well and agorists prefer to settle exchanges by barter and trade, cash deals, and cryptocurrencies. The reason digital currencies like bitcoin are attractive to agorists is because the money is not issued by a central authority like a bank, no corporation is behind it, and most importantly it operates completely free from the state.
Satoshiâs Bitcoin Privacy Instructions
Satoshi spoke a few times on how bitcoin will not be the âultimate solution to political problems,â but on Nov. 7, 2008, the digital currencyâs creator insisted: âWe can win a major battle in the arms race and gain a new territory of freedom for several years.â Moreover, on Feb. 6, 2010, Satoshi recommended using Tor in order to add an extra layer of privacy to crypto transactions. âYou could use Tor if you donât want anyone to know youâre even using Bitcoin,â explained Nakamoto. âBitcoin is still very new and has not been independently analysed â If youâre serious about privacy, Tor is an advisable precaution.â
On Nov. 25, 2009, Satoshi stated:
The possibility to be anonymous or pseudonymous relies on you not revealing any identifying information about yourself in connection with the bitcoin addresses you use. If you post your bitcoin address on the web, then youâre associating that address and any transactions with it with the name you posted under. If you posted under a handle that you havenât associated with your real identity, then youâre still pseudonymous â For greater privacy, itâs best to use bitcoin addresses only once.
âEach Transaction Makes a Difference, Strengthens the Agoraâ
There are many ways cryptocurrencies can be used to remove the state from consensual trades between individuals and many digital asset proponents believe this. Agorists also believe that vices are not crimes and label the drug war a crime against peaceful civilians. The founder of the Silk Road, âDread Pirate Robertsâ (DPR), also believed in the anti-authoritarian stance involved with Agorism.
âEvery single transaction that takes place outside the nexus of state control is a victory for those individuals taking part in the transaction,â DPR stated back in 2012. âSo there are thousands of victories here each week and each one makes a difference, strengthens the agora, and weakens the state.â
Many believe that anti-state activity tied to Bitcoin like Wikileaks and the Silk Road helped fuel the digital currencyâs real-world value during the early days. Moreover, with the dozens of darknet markets and sectors such as gambling, gray and black activities are still very prevalent within the cryptocurrency ecosystem. There are some digital currency supporters begging for cryptocurrencies to be regulated and âdefinedâ by the state. However, like it or not, on the opposite side of the spectrum, many agorists are intentionally doing things with cryptocurrencies that are considered âbad manneredâ and âuncouth.â
Agorists and those who follow a sincere libertarian ideology believe that pro-state bitcoiners lack principles and the technologyâs greatest expression of intentionality have always been anti-state. As the evolution of cryptocurrency grows more people who are anti-war, anti-state, and wholeheartedly believe in a society run by free markets will continue to be attracted to this technology.
Do you want to learn more about Agorism? Check out these links below.
- Samuel E Konkin III (SEK3): The New Libertarian Manifesto
- Samuel E Konkin III (SEK3): The Agorist Primer
- Peter Kallman: A 21st Century Introduction to Agorism
- Not Being Governed: The Vacate Manifesto
- Timothy C. May: The Cryptoanarchist Manifesto
- Eric Hughes: A Cypherpunkâs Manifesto
What do you think about the relationship between cryptocurrencies and Agorism? Let us know your thoughts on the subject in the comments section below.
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The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.