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Protocol, Networks, Law, and Anarchism

Protocol, Networks, Law, and Anarchism

I imagine long ago there was a time when neither verbal nor written language existed for humans. Hand gestures and other physical cues were as good as our ancestors had it. Perhaps the sign for thirsty meant pinching one’s own tongue. Or the sign for hungry meant stuffing one’s hand in one’s own mouth.


**The following article is an opinion piece published on July 2, 2013, and written by Seth King. “Protocol, Networks, Law, and Anarchism” first appeared on the Daily Anarchist and is reprinted here for historical preservation. Bitcoin.com is not responsible for or liable for any opinions, content, accuracy or quality within the Op-ed article.**


Misunderstanding was rampant. Quality communication was scarce. And productivity was low. But since the beginning, mankind has been slowly improving its communication skills. Along came verbal and written languages and with it increased understanding. With increased understanding, so too came increased productivity.

Protocol

When two or more individuals come together and speak a common language it can be said they are obeying a certain protocol. So long as none of the individuals pervert the pre-defined meanings of words there is understanding. If another person attempts to ascribe false meanings to the English language, or perhaps even speaks a foreign language to a group of English only speakers, that person can be said to be disobeying protocol. The protocol, in this case, is the English language.

Protocol, Networks, Law, and Anarchism

Networks

When many individuals obey the same protocol while communicating it can be called a network. There are networks of English, German, French, and Spanish speakers, and so on. You might say that large groups of individuals within a geographic region all speaking the same language is a local area network. Generally speaking, it is in an individual’s own self-interest to have his protocol as widely adopted as possible. If one’s native language is too small relative to the rest of the world, the individual will likely need to become multilingual. In order to increase maximum communication and understanding, eventually all individuals will likely obey the same language protocol.

Protocol, Networks, Law, and Anarchism

Assuming you’ve followed me so far, the question I then have for you is which language should be the global protocol? Should it be English, Spanish, or Chinese? Perhaps something else? The truth is there are two answers to this question. The first answer is that it is totally arbitrary. There is no right or wrong language. Assuming everyone in the world can obey the same protocol, it doesn’t matter one iota whether it’s Spanish or English being spoken. The second answer is that billions of people have their preference and are vying for ubiquity, but only one is likely to come out on top. Which language should “win” is totally a matter of preference to each individual. Morality is simply devoid from this debate.

Now, this isn’t to say that every person on the planet will be forced to stop speaking the language of their local area network. It merely means that in order to easily communicate with everyone else on the planet, one protocol will have to be obeyed. To refuse to do so would mean certain isolation and disadvantage.

Law

Now let’s talk about law. There are many types of law in the world. There is Amish law, Sharia law, United States law, Chinese law, you name it. Law, just like language, is a protocol. When two or more people obey the same law, there is harmony between those two or more people. It doesn’t matter how ridiculous others may find that law, just like it doesn’t matter how many other people like Arabic. For the people obeying the Arabic protocol there is harmony.

Legal protocol also encompasses geographical locations. They are generally called governments or states and they are local area networks. As with languages, individuals are genuinely vying for ubiquity of their own law. If one’s own law is too little accepted relative to the rest of the world they will likely adopt the law of another. It follows that one type of law will likely “win” out globally in the long run.

Protocol, Networks, Law, and Anarchism

Which then, should it be? Again, there are two answers. The first being that it is completely arbitrary. It doesn’t matter. If everybody in the world agreed upon one law there would be harmony. The second answer is that it’s totally a matter of preference to the individual. Just as one person may prefer English over German, so too may that individual prefer United States law over European Union law. When one law eventually achieves ubiquity it is not to say that others cannot obey a completely different law of their own choosing within and amongst themselves. For example, Halakha may be fully obeyed and practiced by individuals within the Jewish network despite living simultaneously under United States law. Those individuals unwilling to obey the legal protocol of the United States, however, may find themselves in certain isolation and disadvantage.

Anarchism

So, where does this put anarchists? Anarchists also have their own protocol. In fact, there are even different protocols amongst anarchists of varying stripes. Each flavor of anarchism is vying for ubiquity just like other legal protocols. And the truth is there is no right or wrong protocol. There is only preference. When two or more individuals cannot agree on protocol, be it language, legal, cultural, or other, there is conflict and isolation. That is an indisputable fact of life. There is no point in moralizing or lamenting it.

Anarcho-capitalists may have the hardest time swallowing this pill as they are generally very concerned with the subject of ethics. It is our values that are the building blocks of our market-anarchist/voluntaryist protocol. But if there is one thing we should have learned from our Austrian economic background, it is that all value is subjective. Even how individuals value ethics, law, and human relations is subjective.

How anarcho-capitalists value their protocol has absolutely no bearing on how others will value their protocol. It is merely preference. So, if we market-anarchists want our protocol to be the one that “wins” globally we will have to take measures that help to ensure our victory. A few quick ideas come to mind.

Predicting that English will eventually become the global language protocol, it seems that it would behoove market-anarchists to emulate some of the tendencies of English speakers. First, as English speakers are almost universally monolingual and unwilling or uninterested in learning second languages, in order to share language protocol others are required to learn English. Second, as England was strategically isolated on an island, the English language provided a geographical defense from foreign language protocol creep. Third, as arguably the majority of the last century’s innovations and cultural media came from English speaking countries, non-native English speakers were forced to learn English in order to reap the rewards of these advancements.

Protocol, Networks, Law, and Anarchism

Therefore market-anarchists should seek to unlearn, take no interest in, become completely ignorant of, and disobey statist legal protocol. Let the rest of the world conform to our protocol, not the other way around. Second, market-anarchists may need to have at least one large, isolated geographical area fully populated by market-anarchists. Surely, there must be some way to procure a large oceanic landmass, possibly the size of Hong Kong Island. Let’s also not forget the Free State Project. A market-anarchist that doesn’t live near any other market-anarchists is as good as a computer not connected to the internet. There’s simply no network until there are two or more people obeying the same protocol. Third, market-anarchists must offer goods and services on our terms. For example, when doing business refuse to accept statist financial protocols like bank transfer or central bank notes, and instead, demand bitcoin. Also, many voluntaryists are computer programmers. Perhaps it would be beneficial to only write free and open-source software and not cater to nonfree operating systems like Windows or OSX.

In conclusion, market-anarchism is a protocol. It is not special. It is merely our preference. We should seek to codify its laws to help others conform with ease, much like a dictionary defines the rules of language. Market-anarchists may also need to take a very hard-line and seemingly arrogant approach to non-voluntaryists.

What do you think about Seth King’s “Protocol, Networks, Law, and Anarchism?” Let us know what you think about this subject in the comments section below.

**The article above is an opinion piece published on July 2, 2013, and written by Seth King. “Protocol, Networks, Law, and Anarchism” first appeared on the Daily Anarchist and is reprinted here for historical preservation. Bitcoin.com is not responsible for or liable for any opinions, content, accuracy or quality within the Op-ed article.**

Op-ed Disclaimer: The opinions expressed in this article are the author’s own. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.


Image credits: Shutterstock, Wiki Commons, Fair Use, and Pixabay.


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The post Protocol, Networks, Law, and Anarchism appeared first on Bitcoin News.

Dissidents and Activists Have a lot to Gain From Bitcoin, if Only They Knew It

Bitcoin is working as Satoshi intended and already helps people facing repression. The problem is, many others don’t know about it yet.

Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens

Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens

The president of Venezuela, Nicolás Maduro wants the nation state-issued cryptocurrency, petro (PTR) to have the same usability properties as a physical currency. On December 13, Maduro explained on national television that the Superintendence of Crypto-Assets and Related Activities (Sunacrip) will be airdropping 0.5 PTR ($30) next week to eligible citizens who register with the Petro App.

Also read: North Korea Plans to Launch Cryptocurrency to Bypass Economic Sanctions

Venezuelan President Aggressively Pushes for Petro Adoption

The United Socialist Party leader and Venezuelan president Nicolás Maduro has been marketing the country’s cryptocurrency, the petro (PTR), aggressively recently. In November, Maduro told the public that PTR needs to be just as usable as physical currencies. “The usability is very important, so we can distribute the petro,” Maduro explained at the time. The Venezuelan head of state noted that there are citizens who don’t have a phone, but emphasized that “usability can be done with a card.” Maduro continued by saying that just like the 18 million Venezuelans with the Carnet de la Patria (Homeland card), a card for PTR can be created. The Homeland card is a Venezuelan identity card that leverages a QR code and a digital wallet. Maduro’s announcement further stressed:

We can give debit cards with petro, that is, build a solid monetary system and boost the usability of the Venezuelan cryptocurrency.

Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens
Sunacrip Notice 19 and 20 discuss Maduro’s push for petro (PTR) usability and adoption, while the notices also notify the public of the approval of 30 million barrels of crude oil to back the cryptocurrency.

The Venezuelan leader went on to say that the state’s electronic payment system will help the country “seek a definitive exit to the economic war.” Maduro remarked that thousands of Venezuelan merchants will be onboarded by next year and the state’s digital currency system is “taking the right steps to consolidate the economy.” The usability news from the president followed his decision to approve a total of 30 million barrels of crude oil and petroleum products to Sunacrip. The 30 million barrels of oil backing the PTR is much smaller than the promised five billion barrels of oil the Venezuelan government initially pledged to leverage.

Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens
Initially, the United Socialist Party leader promised to back the petro (PTR) by 5 billion barrels of crude oil, but Maduro has since dropped the backing to only 30 million barrels.

Venezuelan Pensioners, Government Personnel, and Retirees to Get a Petro Airdrop Next Week

On Friday, regional reports detailed that Maduro told the public on a state television broadcast that Sunacrip would be using the state’s new digital currency payment system the Petro App to airdrop 0.5 PTR ($30) to eligible citizens. Pensioners, government personnel, and retirees can obtain the PTR bonus next week and other citizens can apply for the Petro App to find out if they are a beneficiary. Maduro explained during the television broadcast that the airdrop will be a “test mechanism” in order to drive petro adoption. Additionally, Maduro approved the disbursement of 500 thousand petros and 10 billion bolivars to Venezuelan mayors and governors. The Venezuelan highlighted that the disbursement would be pertinent to cover expenses needed to operate the 335 municipalities in the country.

Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens
The Petro App home page where eligible citizens can register for the PTR airdrop. Registering for the Petro App requires Carnet de la Patria (Homeland card) identification alongside other personal information.

The airdrop of PTR given to pensioners, retirees, and municipal leaders will be the first of its kind when it comes to a nation state doling out its own cryptocurrency to citizens. The latest announcements show the United Socialist Party, Sunacrip, and other Venezuelan state agencies are pushing the petro hard throughout the country. Moreover, skeptics believe the petro network is only used by bureaucrats and their friends to skip international sanctions initiated by the U.S. Similar to North Korea, Maduro’s quest to exit to the economic war may be fueled by crypto.

What do you think of the details provided on the petro (PTR) airdrop so far? What do you think about Maduro’s quest? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Image credits: Shutterstock, Petro Logo, Wiki Commons, Fair Use, Sunacrip Notices, and the Petro App home page.


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The post Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens appeared first on Bitcoin News.

Congratulations to Joe Burrow on Winning a Really Big Paper Weight

LSU quarterback Joe Burrow did what most of college football expected Saturday night and won the Heisman Trophy in record setting fashion. Now what?

The post Congratulations to Joe Burrow on Winning a Really Big Paper Weight appeared first on CCN.com

Bitcoin: 5 Arrogant Myths That Just Won’t Die (But Should!)

How much of the bitcoin mythology do you believe? Here are 5 Bitcoin myths that simple will not die – even if they absolutely should.

The post Bitcoin: 5 Arrogant Myths That Just Won’t Die (But Should!) appeared first on CCN.com

A Repeat Win for Trump in 2020 Could Mean ‘Tax Cuts 2.0,’ Says Wells Fargo

President Trump architected sweeping changes to the tax code early in his presidency, and if he wins in 2020, Tax Cuts 2.0 could be afoot.

The post A Repeat Win for Trump in 2020 Could Mean ‘Tax Cuts 2.0,’ Says Wells Fargo appeared first on CCN.com

How DeFi Goes Mainstream in 2020: Focus on Usability

DeFi and cryptocurrencies can go mainstream, but they need to be as easy to use as Facebook or Google.

How SLP Dividends Can Tokenize Anything, Including the Stock Market

How SLP Dividends Can Tokenize Anything, Including the Stock Market

Not everyone is lucky enough to have access to the stock market and the ability to buy shares in successful corporations like Apple or Coca-Cola. Many impoverished and politically restricted areas make such participation impossible for those who live there. However, thanks to the ability to tokenize virtually anything via SLPs (Simple Ledger Protocol tokens) and also to pay dividends on these same assets, myriad new possibilities have emerged. One of which being tokenization of traditional stocks, so people with nothing more than a $20-dollar smartphone and an internet connection can participate.

Also Read: SLP Token Market Cap Surpasses $50 Million

How SLP Tokens Work

SLP tokens are built on the Bitcoin Cash blockchain and function similar to Ethereum’s ERC-20 protocol. Anyone can have fun making their own SLP for just a few cents in BCH, and through the new dividends tool, issue payments to holders of these tokens at any time, in whatever amount they would like. This creates an opportunity for a business to become its own mint on the BCH chain, without going through all kinds of hassle or paying high fees. Once a new SLP token is minted, it can be held, used for special offers and unique functions, or as stated, issued to shareholders for the payment of dividends. For those interested in creating their own SLP token, it can be done easily via memo.cash or the Electron Cash SLP wallet.

Sending SLP Dividends to Anonymous Bearer Share Holders

Once an SLP is created it can be sent to effective shareholders who will receive payouts via the token when the issuer decides to send them. Each SLP has a unique token ID. Using Bitcoin.com’s SLP Dividend Calculator, a token creator can enter this ID and then enter the customizable payment settings such as amount and block height at which the payment should be broadcast. The tool will automatically calculate how much BCH each SLP token holder should receive proportionate to their token holdings. The calculator tool also allows tokens to be airdropped to users.

Back in August, news.Bitcoin.com’s Jamie Redman posted a detailed tutorial for issuing SLP dividends using the calculator tool. A video tutorial posted by Bitcoin.com Executive Chairman Roger Ver is also available, and goes into some potentially revolutionary uses for SLP dividends like making the traditional stock market accessible even to residents of third world countries. Describing a scenario where a traditional company stock like Coca-Cola is held by a financial custodian and then tokenized and sold, Ver states:

Right now the only people that can buy Coca-Cola stock are whatever institutions or somebody in a first world country … But if you tokenize the Coca-Cola stock now anybody, anywhere in the world with a $20-dollar cell phone can now own tokenized Coca-Cola shares.

Of course, it’s not just impoverished or geopolitically embattled parties that could make use of this opportunity. Anyone could. Further, if such SLP tokenized stock is sold at a premium due to the convenient service being provided, issuers might be incentivized to buy even more tokens — whatever crypto or token they are using — and then issue even more tokenized stock. This could theoretically lead to a largely tokenized, parallel stock system.

Darknet Markets, Bonds, and IPOs

Other possible applications for dividend tokens could be found in darknet marketplaces, bonds, and IPOs. With correct privacy protocols in place, darknet marketplaces might offer shares and rewards to their clients. Businesses can issue the tokens as bonds and pay interest on chain via the dividend. IPOs could be facilitated for anyone and everyone with the will to start a business, not just big corporations. Thanks to technology, striving for financial freedom and the ability to work for one’s own sustenance and happiness isn’t just limited to those with a Charles Schwab account anymore. Crypto and SLP dividends pave the way for true financial inclusion — not just more Wall Street special interests.

What are your thoughts on SLPs and tokenizing the stock market? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images courtesy of Shutterstock, fongleon356, fair use.


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The post How SLP Dividends Can Tokenize Anything, Including the Stock Market appeared first on Bitcoin News.

Stone Bitcoins and Echoes From the Past

The best Sundays are for long reads and deep conversations. This time we’re reflecting on the past and taking a deeper look at one of the most interesting blockchain allegories that doesn’t involve technology at all…

Let’s Talk Bitcoin! #421 Stone Money and Echoes of the Past

On Today’s Show…

We’re listening to echoes of the past. In the midst of the biggest bubble yet, finding ourselves in the “then they laugh at you” phase, and with the china narrative rising for the first time as trade volumes overtook the rest of the world, I was joined by Stephanie Murphy and Andreas M. Antonopoulos in early 2014 for a conversation that is very different, yet somehow the same as we reacted in real time to all-time high prices of $220,

But first, In the nearly seven years since we started talking Bitcoin, my favorite segment from my favorite writer is without question, the island of stone bitcoins by then-LTB managing editor George Ettinger. Bitingly funny and still one of the easiest ways to accurately explain how blockchains and tokens work without the need for technology at all, even if you know this story you’ll learn a thing or two, at least I did.

This episode is sponsored by Brave.com and eToro.com, and is distributed in partnership with CoinDesk.com


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