FF7: BlogRead: Everybody Has a Price (Even Satoshi)

risk-fundamentals.ghost.io/everybody-has-a-price/

summaryThis conversation explores the dynamics of power, reputation, and economic warfare in the context of revolutionary movements and the emergence of Bitcoin. It discusses how historical methods of suppressing dissent have evolved from overt violence to more insidious tactics like reputation smearing and co-optation. The discussion culminates in the introduction of Bitcoin as a means of fostering cooperation and challenging the status quo of fiat currency.

takeaways

• Everybody has a price, even Satoshi.
• The modern phase of fighting dissent includes reputation smearing.
• Buying off dissent is often more effective than violence.
• The state can easily buy cooperation with fiat money.
• Willful ignorance can be purchased at varying costs.
• Wealthy individuals are often targeted through reputation attacks.
• Bitcoin offers a new form of cooperation against fiat.
• The value of Bitcoin lies in its principles and community.
• Fiat money's influence is diminishing as its value debases.
• Satoshi's introduction of Bitcoin changes the economic landscape.