Robert Breedlove

12 Mar, 14 tweets, 6 min read

New writing up on my Medium page:

Sovereignism Part 2: #Bitcoin, The Ultimate Offshore Bank

breedlove22.medium.com/sovereignism-p…

International waters have historically been the greatest geographic safe haven from nation-states. Gamblers, pirates, smugglers, and other sinners seeking to engage in state-condemned activities willingly make use of this ungovernable territory.

This oceanic realm is rife with high degrees of risk, reward, and self-responsibility. But exactly why is maritime law so different from the legal systems operating within terrestrial nation-states?

A simple cost-benefit provides the root cause: given the sheer size and uninhabitability of the high seas, the revenues a taxing authority might hope to generate by establishing a permanent dominion there are far outweighed by the necessary costs of enforcement.

As a highly dynamic and low friction territory, water is an accelerant to the energy network of trade yet simultaneously an impediment to the establishment of permanent dominion.

The costs necessary for a tax authority to surveil, patrol, and collect in oceanic territory are simply staggering. Tax regimes must focus their efforts on terrestrial areas of high economic density to be profitable.

Being surrounded by the vast emptiness of the high seas is a natural defensive advantage. Interestingly, economic dynamics of the high seas can help us understand the advantages of commerce in digital space.

With digital technologies, information and capital can be moved at the speed of light, cloaked behind walls of encrypted energy, and stored “everywhere and nowhere” in a seemingly limitless array of ways, limited only by developer imagination.

As citizens awaken to the natural advantages of sheltering their savings digitally, a feedback loop between escalating government overreach and digital escapism will emerge, with heavier-handed attempts at control driving ever-larger waves of capital flight.

Everyone desires to “hold the keys” to their own financial wellbeing, and historically Swiss bank accounts offered customers superior assurances of financial accessibility, privacy, and security. Across these desirous dimensions, Bitcoin excels by many orders of magnitude.

A public utility that facilitates trade flows of private property, #Bitcoin offers universal financial accessibility. With proper opsec, Bitcoin is true stealth wealth. Bitcoin can be stored in a wide variety of ultra high security custody schemas virtually immune to confiscation

All capital stored in #Bitcoin essentially constitutes “offshore funds” at the full discretionary control of their respective owners. Market actors are quickly realizing the importance of monetary sovereignty, and #Bitcoin is rapidly flowing into self-sovereign custody schemas:

More than a mere game-changer, #Bitcoin is an entirely new game with unbreakable rules. Its derivative mode of socioeconomic organization promises to improve fortunes across the world as it incentivizes forsaking the use of force, forever.

Thank you: @Bquittem @dergigi @mkwml @Zach_of_Earth for feedback while writing.

Part 3 coming soon...

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Robert Breedlove

@Breedlove22

28 Jan

A thread summarizing "Sovereignism Part 1: Digital Creative Destruction"

My 12-part essay series explores the digital disruption of the nation-state and the subsequent amplification of individual sovereignty during the digital age.

swanbitcoin.com/sovereignism-p…

Let's dive in ⬇️

Statism is a system of socioeconomic organization which originated in the Industrial Age. Statism includes all state implementations of capitalism, communism, fascism, and all other state ‑isms; it does not refer to these ideologies in any pure sense.

Statist implementations arose in the 20th century, when the only known mode of sustainable human organization was a top-down, centrally controlled nation-state.

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Robert Breedlove

@Breedlove22

23 Jan

Every law, every social norm, every civil liberty, every human right, every culture: the authority and longevity of socioeconomic order itself is shaped by the one true (meaning, free market selected) sovereignty system active in the world today—gold.

Gold remains the singular dominant money in the world. In the unregulated geopolitical sphere, nation-states go to war over it, fund war with it, and the victors write new laws.

Gold is the call option on all human creativity past and present, since it lays claim to all savings in society. Gold is absolute power.

All socioeconomic systems we think have power are really just derivatives of this ancient golden reservoir of sovereignty.

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Robert Breedlove

@Breedlove22

3 Nov 20

A quick thread walking through some of my latest piece "Our Most Brilliant Idea" where I explore the nature of ideas, their generative source, and (of course) #Bitcoin

swanbitcoin.com/our-most-brill…

Ideas are the origins of everything we say, do, or make. The purpose of any economy is to generate and share useful ideas through free trade (to achieve what economists call the division of labor or knowledge specialization).

Resultant knowledge encodes the patterns of action we use to etch our imaginations into the world around us. Winning ideas are chosen by the market, only to be widely distributed as material riches, finer manners and morals, and more profound art.

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Robert Breedlove

@Breedlove22

29 Oct 20

MMT is a lie. #Bitcoin is the truth.

An honest thread about a dishonest thread from @StephanieKelton

https://twitter.com/StephanieKelton/status/1321180774675238912?s=20

A deficit occurs when any organization—a family, a company, or a government—generates expenses that exceeds its revenues.

Most call this a "net loss," but for governments it is typically called a deficit.

But how can the US government continually spend more than it earns?

Simple: the US government can print more US dollars ("points" as she calls them) to cover its deficit.

US dollars (and all fiat currencies) are simply a claim on the savings of society—redemption certificates for the goods, services, and knowledge generated by productive people.

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Robert Breedlove

@Breedlove22

5 Jul 20

1/22. In the spirit of independence day weekend, I just published my latest writing: “Masters and Slaves of Money" where we explore why central banking is an institution of time-theft and #Bitcoin is a weapon for peace.

medium.com/@breedlove22/m…

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Robert Breedlove

@Breedlove22

27 May 20

When fiat currency dies, conditions tend toward deflation first (since money becomes more valuable when uncertainty looms), before becoming increasingly inflationary and, finally, hyperinflationary. #Bitcoin was purpose-built for this.

A thread on my current macro view on USD:

Economic uncertainty is extremely high. Market participants are stashing dollars to self-insure against this uncertainty. Consumers are delaying discretionary and major purchases.

This behavior further constricts economic activity in a consumer-driven society, leading to more economic fallout, more uncertainty, and so on recursively. Policy responses are increasingly uncertain (so much so that the charts are broken temporarily):

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