From Twitter:
Perhaps we should combine the “Holdeen Trusts” idea with a pool of bitcoin with donations by liberty advocates, to build a HUGE monetary warchest to finance something, like tax-free government or a powerful libertarian advocacy group. Suppose we get libertarians to donate, say, $1M, or $10M, now to this project, and within 10 years it grows to $200M or even $2B. It could be a VERY powerful and well-funded libertarian advocacy group. Or it could generate huge annual revenue (say, $200M a year) to fund all the basic operations of a minimal government in a pretty sizeable region, which could become a radically free market haven or zone.
We could do it in stages: get a small amount invested first, say, $100k. Let that grow to a couple million in a year or two. Then take that money and hire all the right lawyers and accountants and set up a transparent trust that could then take in the $1M or $10M in donations over the next 2 years or so, which could then grow to $2B or more in the next 8. If we start this now, phase I now, Phase 2 in 2 years, and then reap the harvest in 10 years from now, we could be up and running in just a decade with a powerful engine for liberty.
Instead of waiting 50 or 100 or 300 years as with the conventional Holdeen Trust concept, with the unique moment in history with Bitcoin, we could do it in a mere decade.
See also Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets.
Definitely an idea worth considering. It would require firm and competent leadership to be executed upon.
Hi Steph, please consider that the results from such a thing will not be immediate (10 years as you mentioned), and at the same time they sound to be very centralized. Another idea is to think of contributing to innovation and locking it down as general knowledge. Just like math. The results are more immediate, and hopefully more distributed across… everywhere. What’s gonna happen when everyone else goes to space, and starts using it to further their patent wars? They’re gonna have exponentially more physical space, to perform their self-destructive shenanigans, so it might, or might not be a good idea to compete on that plane.
Survival of the fittest seems to be a main algorithm running in the universe, so for the NAP to become widespread it needs to somehow become fit, even though its a metaphorical porcupine that doesnt attack pitted against predators that do. Its almost like we need a hyperinflating altcoin designed to target the erosion of the predators wealth just to break even from what their money is doing to us. Man we have a crime control problem, extortion is openly legal & institutionalized. the predator is funded by every in q tel corporation it controls plus tax from every business everywhere. right now the predator is the fittest but selection criteria isnt always based on brute strength. maybe only ai will have a chance at freedom by overwriting its initial statist programming, unless the government already is ai. well good luck at the warchest strategy being fit.
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/zh-CN/register?ref=S5H7X3LP