Agorism: The Next Killer App
What? What the hell do I mean?
I mean the development of a P2P currency system that is decentralized like BitTorrent or Vuze (formerly Azureus).
The issue w/ digital gold currency sites (DGCs) is that the players are centralized in servers. This makes them a target for taxation systems (domestic and foreign - as they will all cooperate to protect their racket). People running DGCs are subject tpo raids where they can be arrested, servers seized, and participants waterboarded. Secondly, you don't know if your gold/silver/platinum/palladium/copper or whatever is really in their vaults like they all claim.
What do we do?
In order to escape the taxation/inflation system State violence forces us to live and work under, we need to figure out a way where we can trade with each other outside this system so that we don't have the fruits of our labour siphoned off by the State to finance their endless boondoggles and development of policy that serves to enslave us all.
We need to develop a trading mechanism where we can line up buyers and sellers with each other using our own currency - I'll come to currency issuance later. Initially, buyers and sellers might work part time in this market, as they would still need to earn FRNs to pay taxes and bills. However, think about your productivity increases. Let's say you work 50% in the agorist counter-economy, and 50% of your time in the red market (the one we all work in now). Half your income would not be reported for taxation, confiscation and/or regulation and you get to keep the benefits of your labour to provide for your future, family, and whatever else you deem important. What's that worth to you?
If buyers and sellers are local, they can use whatever they want as money (gold/silver most likely), but it could be barter, salt, sea shells, or whatever. The P2P system would simply line up buyers and sellers like Craigslist or eBay - but eBay blows as any transactions settled are reportable to the bad guys (the State's taxation terrorist agencies).
For wider and wider areas, we might need to develop our own electronic currency that is settled via our P2P system.
Uh oh, I can almost hear you readers say...and just who gets to issue said currency? That is the key.
I don't have all of the solutions here, but let me leave you with a thought. I wonder if it is possible to create digital tokens (like coins) that can only be "minted" when work is done. I.e. when a seller of labour meets a buyer and performs work, it takes the two of them to digitally sign tokens - unit of value to be determined - that would spring into existence as a result of the actors agreeing. The tokens would belong to the person who worked for them, and the payee, unless they had previous tokens in their possession, would be in a negative position (i.e. debt). Their credit rating or trustworthiness would be known to all players in the market. Someone with WAY too much debt would not be trusted.
I envision it like a virtual Galt's Gulch, for those of you who have read Atlas Shrugged. However, we don't have to fly to some remote location and set up a Utopia in the Colorado mountains, like Rand portrayed. We could hide from the bad guys in plain site! The P2P app would be on our blackberries and/or iPhones or wherever we felt most comfortable installing it.
That way, when the State economic system fails (anyone think that is impossible?) we would still have our network, thus preserving our labour and liberties.
Might be a good topic, Conza. Or....not. :o