Re: <nettime> WTF happened In 1971?

[Brian Holmes <bhcontinentaldrift@gmail.com>]

On Thu, Sep 17, 2020 at 5:24 PM Flick Harrison <flick@flickharrison.com> wrote:

Bad actors would have escaped even more easily from the collapsing regulatory frameworks with their money.  It would, if anything, have provided a hyper-Switzerland safe haven for tax avoidance, money laundering and illegal transactions for all the new money the corporations were siphoning out of national economies… 

There was a debate here on nettime years ago about Satoshi's founding paper, where it was more or less concluded that Bitcoin was directly inspired by Von Mises and Hayek. It's here: https://nettime.org/Lists-Archives/nettime-l-1712/msg00061.html   Felix said that a powerful driver of Bitcoin had been

anarcho-capitalist ideology which
wants to break the government monopoly over money (along lines developed
by F.A. Hayek in the 1970s)

That's a reference to Hayek's book "The Denationalization of Money'.

I am not Bitcoin-literate enough to judge the details, but that debate always remained in memory. I think the disadvantages are pretty much exactly as you say, Flick.

It's important to note that Delaware became a hyper-Switzerland in the course of the 1980s....

best, BH

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