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Is Anarchy a Faustian Bargain?

The common perception of Anarchy today appears to be one of chaos and destruction. Without the State, it is proclaimed, violence would immediately ensue; without law, there'd be no deterrent disincentivizing this, and we'd return, in the words of Thomas Hobbes (1660), to an age where "every man is Enemy to every man", and "the life of man, solitary, poor, nasty, brutish, and short." But is this really what by necessity would result from abolishing the State? I've previously forcefully argued against the theoretical foundations of the State (Kløvning, 2019a), and although my premises were not disputed, the conclusion of dismantling the State provoked many consequentialist concerns of what could happen if actualized. The central question that must be answered to address such concerns is whether the substitution of Anarchy for a State would possibly be undesirable despite the former having more of a rigorous and defensible logical foundation than the latt…

Tokenizing Konkin





Heads up to the SEC: You parasites are officially on notice.

As anyone who has been following along at The Agora or The New Libertarian is well aware - we here are of the conviction that the coming tokenization of securities and assets will successfully disintermediate FINRA. A while back I wrote this article explaining how tokens are to the SEC as 3D-printers are to the ATF, or cryptocurrencies are to the Federal Reserve.

With this in mind, I decided to take the SLP token creator in Electron Cash for a spin. To my pleasant surprise, I discovered that the process is so simple, that in comparison, it makes assembling IKEA furniture seem like splitting the atom. For detailed instructions, check out this wonderful article by Jamie Redman or this recent tutorial by Roger Ver.

Anyway, in less than 10 minutes I had created 10.5 million KonkinCoin, with ticker symbol “SEK3” to honor the late founder of agorism and moved them all into my Badger wallet.

The first thing to stand out (other than ease of use), is the historical significance that’s so easily lost to most casual observers. Entrepreneurs no longer need to trudge through an expensive registration process with the SEC. In fact, the burdensome cost of compliance incentivizes market actors to move their business from the white market to the anarchic, black and grey. Moreover, those who are already participating in the counter-economy can now access additional capital by taking their ventures public.

One point of irony: After creating KonkinCoin, I was reviewing Redman’s article when I noticed something interesting-



Someone had already created an SLP token with ticker symbol “SEKIII” prior to my creation of KonkinCoin (ticker: SEK3)! You know the BCH community is healthy when there are already two competing tokens to honor the late founder of agorism!

Such exciting stuff! Leave your SLP address in the comments to receive a bunch of KonkinCoin!





Comments

  1. Great for anyone who wants to create a local/alternative currency.

    ReplyDelete
  2. Stoked you has such a positive experience and are sharing it with others! That's exactly what this technology needs right now.

    ReplyDelete
    Replies
    1. Yes! It's still incredibly early, but the "tokembrian explosion" (to quote a friend) is certainly coming!

      Delete
  3. Maybe I'll make a Rothbard coin soon. Send me some tokens please!
    simpleledger:qzx30dpgc4etjvqkfz53kn2kq97lle848sejtsa22q

    ReplyDelete
    Replies
    1. Rothbard Coin! Love it!! KonkinCoin en route.

      Delete

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