This is the transcript of my recent video, the fourth in a series of a "video book" about Agorism.
Agorism Ch. 4 Part 1: The Agorist's Medium Of Exchange: Cash
Cryptocurrency, such as bitcoin, is emerging as a viable medium of exchange for the agorist lifestyle.. No… Bitcoin is a medium of exchange made for the agorist. Bitcoin and the agorist are a perfect pairing… Not only that, Cryptocurrencies such as bitcoin is a medium of exchange that will increasingly be turning individuals into agorists over time.
Bitcoin offers many distinct advantages over cash as the agorists preferred medium of exchange. Where cash can work great for the “paycheck-to-paycheck” agorist or the low level agorist, bitcoin can work for the high level baller agorist… Where cash has its shortcomings, bitcoin has its strengths.
Bitcoin is permission-less and borderless - you don’t need a bank account or a credit card in order to transact online. You don’t need to get one of these fuckin financial institutions to send you a checkbook.
Bitcoin is immune to seizure - It’s easy to get stuck up for cash but good luck trying to steal my private keys ya crooks.
Bitcoin has limited supply. With cash they just keep printing and printing the shit making it inflationary. there will only ever be 21 million bitcoin, making it deflationary.
Bitcoin can be used anonymously & privately… cash can be used privately between persons, possibly anonymously as well. but bitcoin can be used anonymously and privately on a global scale.
Bitcoin offers freedom that state sponsored currencies simply cannot. This is the most import aspect of bitcoin to the agorist. Bitcoin unlike the dollar has no federal reserve or government controlling it, manipulating it, sponsoring it. With bitcoin you're not borrowing or using the states money. Bitcoin is the people’s money. When using a government’s currency like the dollar, the state has a case for collecting taxes because it’s their money. With bitcoin you should have no qualms about not paying taxes because you are not using the governments money. Never pay taxes on crypto gains, income, or expenditures, there’s fucking no reason to give a cut to a government that has nothing to do with the crypto. Which is exactly why bitcoin or other cryptos are the medium of exchange meant for the agorist.
At the time of this recording cryptocurrency and blockchain are still in the early phases of adoption. It’s still inconvenient to be a high level agorist because bitcoin isn’t widely accepted as payment yet. It’s possible to be a high level agorist who moves between bitcoin and cash, for example making an income in bitcoin and trading it for cash to fund expenditures that cannot be funded with bitcoin yet. Using this strategy will still subject you to paying taxes when using the dollar but whipping out an income tax would make a huge difference on your journey to high level agorism. The more individuals not paying income tax by accepting bitcoin for payment the more the state starves.
As time goes on it will only become easier to become a high level agorist. As people of the world continue to open their eyes to bitcoin and its huge advantages over state sponsored currencies, the faster adoption will grow. In a not too distant future you will be able to accept bitcoin for payment and use that bitcoin to pay rent, buy gas and groceries and starve the state while keeping all of the fruits of your labor. Of course, this future is only possible if we make it happen, get started now, start earning and spending crypto, learn the technology. Soon enough you and I will be high level agorists starving the state out of existence, and the world will be better off because of this.