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Nick Szabo· 2025-12-21 08:22
Bitcoin Philosophy & Governance - Bitcoin is decentralized authoritarianism due to its unforgiving rules, but the enforcement is not centralized [1] - Core's actions loosened a consensus rule, prioritizing more activity over strict boundaries, which is seen as centralized destruction [2] - The network needs to tighten rules again, which is difficult for those who don't understand how the 21 million limit liberates them [3] Hard Money & Decentralization - The "hard" in "hard money" comes from unforgiving rules [1] - Distributed authoritarianism is contrasted with centralized destruction of boundaries [2]