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  <p class="nitro-lazy">Let's face it, this story isn't heading towards a happy ending.  Unless we see a genuine political renewal rooted in the fundamental idea of individual self-governance, we should unfortunately expect surveillance and control to become even more intense, and war to feel increasingly normal.  If we want to truly thrive, we must actively choose freedom and peace.  History has shown us time and again that any approach based on total war, containment, or trying to police the world inevitably leads to disaster.</p>
 <p>For political self-rule to have any real meaning, it has to start from the ground up, with the people, and be practiced thoughtfully, understanding its role at different levels of society.  This is a significant undertaking, and it's not something that will be resolved through just a few essays, energized political parties, or new technologies alone.  For a political system to be truly legitimate and worthwhile, it needs societies that are functioning properly, populated by free and responsible individuals who are both connected to their traditions and actively shaping the future.  The dynamic tension between tradition and new discoveries – the very thing that drives civilizations forward – must be taken seriously as the engine for renewal.  When new knowledge becomes widespread, it shapes the common sense of a society.  This often makes old ways of doing things obsolete, but in doing so, it opens up incredible opportunities to transform things we once simply took for granted.</p>
 <figure class="wp-block-image size-full"><a href="https://bm.b.tc/4iwhnUp" target="_blank" rel="noopener"><img width="920" height="250" alt="" title="An Excerpt From The Satoshi Papers: Self-Sovereignty and Political Philosophy 1"   src="https://cdn-ilddnad.nitrocdn.com/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp/assets/images/optimized/rev-03303d1/bitcoinmagazine.com/wp-content/uploads/2025/04/Satoshi-Papers-Ad-920-x-250-3.png" class="wp-image-42386 nitro-lazy" decoding="async" nitro-lazy-empty="" id="NzI5Ojg0MA==-1"/></a></figure>
 <p><br/>Satoshi Nakamoto’s 2008 white paper and 2009 code were, at their heart, declarations of individual sovereignty, sparked directly by the bank bailouts of that time.<sup>,</sup> They challenged the so-called Banker Revolution by constructing an alternative system and leveraging the game theory behind its adoption to naturally encourage discussion around crucial issues like wage value, the devaluation of savings, and the fundamental human right to freely transact.  The very public demonstration of Bitcoin's global infrastructure is a moment of possibility, a “sly roundabout” – as Hayek might say – that creates and inspires shared understanding where none existed before.<sup>,,</sup> This feels like a one-way door, making it much harder to unknowingly participate in oppressive systems that used to be seen as just the normal way things are.  As we lose our naivete about things like the Cantillon effect, how sovereign debt reserve assets operate, and the fragile confidence games and social agreement propping up fiat currencies and their constant decline in value, populations inevitably move towards a common understanding of the civic and political systems of control. These systems have become incredibly effective at limiting, if not outright criminalizing, essential freedoms.  If we want to avoid the serious consequences of the drift back towards aristocracy we've seen since the 1970s, we must be willing to confront these realities and build what comes next.  That's truly what's at stake.</p>
 <p><strong>"The Satoshi Papers" is available now at the <a href="https://bm.b.tc/44cETCd" target="_blank" rel="noreferrer noopener">Bitcoin Magazine Store</a> – order your paperback copy today, or pre-order the limited Library edition, shipping around mid-June 2025.</strong></p>
 <p>[37] Leo Strauss, “Philosophy as a Rigorous Science and Political Philosophy,” <em>Interpretation: A Journal of Political Philosophy</em> 2, no. 1 (Summer 1971): 1—9.</p>
 <p>[38] Satoshi Nakamoto, “Bitcoin: A Peer-to-Peer Electronic Cash System,” 2008, </p>
 <p>[39] Joshua Davis, “The Crypto-Currency,” <em>The New Yorker</em>, October 3, 2011, </p>
 <p>[40] “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something they can’t stop.” See Friedrich Hayek, “F. A. Hayek: Monetary Policy, the Gold Standard, Deficits, Inflation, and John Maynard Keynes,” interview with James U. Blanchard III, University of Freiburg, May 1, 1984, </p>
 <p>[41] “Governments will never allow monetary competition, and even bankers do not understand the idea because they have all grown up in the system which is so completely dependent on central banks. So I think we need a roundabout way. After all, in the modern world, currency is no longer the most important money. Credit and credit cards are substitutes. While governments can stop people from issuing money, they can hardly stop them from opening accounts in something unless they introduce a complete system of exchange control. I do not expect that any bank will understand this idea. But I hope that one of the big dealers in raw materials will be prepared to open accounts which will be redeemable in so much of current moneys as are necessary to buy this list of raw materials. Through these accounts he can make his unit—call it the ‘solid’—the standard unit without it ever being used in circulation. People very soon will begin to keep their accounts in ‘solids’—the only thing which is trustworthy. Although it’s a thing where many people can compete, most of them will probably choose the same list of raw materials. If one major firm will start this, others will imitate it. So I think we can forget about existing money and existing banks, and gradually open a system of accounts which will displace the government money.” See Friedrich Hayek, “F. A. Hayek: Monetary Policy, the Gold Standard, Deficits, Inflation, and John Maynard Keynes.”</p>
 <p>[42] “The interesting fact is that what I have called the monopoly of government of issuing money has not only deprived us of good money but has also deprived us of the only process by which we can find out what would be good money.” See Friedrich Hayek, <em>Good Money, Part 2: The Standard</em> (Chicago: University of Chicago Press, 2012), 234.</p>
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Source: bitcoinmagazine.com