Libertarians Need to Embrace Bitcoin to Succeed

By Mason Mohon | @mohonofficial

Libertarianism is clearly a pipe dream. The state co-opts libertarianism with seeming ease. The bastions of libertarianism in American politics now are seemingly willingly ignorant of some of the most important issues facing society: an economy that is clearly a facade and wars that will not end any time soon. And the only way out is Bitcoin – but more on that later.

Hopeless Libertarians

Instead of focusing on these precarious features of our present reality, libertarians have decided to take Gary Johnson’s approach. They focus on real issues, like gay marriage (which has been legal since 2015, mind you) and marijuana legalization. Not to downplay the fact that these issues are somewhat important and both should be legal everywhere, it makes no sense to be prioritizing such issues over far more pressing and oppressive institutionalizations that the United States government has decided to implement. Libertarians pair social liberalism with fiscal conservatism. Johnson cleverly called his tax plan the fair tax, so as to virtue signal to everyone that he believed in “fair” taxation, while the numbers chosen for the plan were completely arbitrary and fair is ultimately a completely subjective term.

So things seem pretty hopeless for libertarianism, and this hopelessness is intensified by the nature of democratic governance. The masses, the NPC’s, or the herd, as Nietzsche aptly termed the horde of zombies that consume the latest Kylie Jenner post with feverish enjoyment and meaningful desire, choose who rule us. And what do they choose on the basis of? Whoever makes them the most promises. Trump promised that he was going to impose trade restrictions for the blue collar worker, and they took the bait even though protectionism will ultimately hurt them in a roundabout manner. Candidates like Ocasio-Cortez willingly ignore facts (and defend themselves doing so) while promising truckloads of free stuff to those who have wasted their time and money on useless pursuits and degrees.

Libertarians don’t promise anyone anything. The proper libertarian preaches personal responsibility and strength in your ability to organize your life without the help of a coercive body parading as a mother. But this idea would not appeal at all to the masses. People want to be coddled and escape the harsh reality of owning your own life. And this is why the masses will never elect a libertarian.

It is clear that we should appeal to their self-interest – and on a very basic level. The self-interest of the masses is a simple one. People don’t care about abstract self-interested ideals. Concepts like the importance of time preference and the roundabout benefits of helping entrepreneurs ring hollow. People prefer easy short term gains.

And that is where libertarianism can leverage Bitcoin as a get rich quick scheme to fight back against globalism and liberate the individual.

The Crypto Solution

Bitcoin could be very good for the world. It has a chance to solve both of the very serious issues mentioned beforehand. The ability for Congress to utilize the Federal Reserve in pursuit of endless war means that Bitcoin could sweep the rug out from right under them. No central bank controls Bitcoin. This means that the banks cannot use it as a method for monetary stimulus. This solves the fatal boom-bust cycle. And the only way that this can happen is through mass adoption.

And for mass adoption, there needs to be demand. Some believe that Bitcoin and crypto can be utilized as a form of peaceful resistance. This resistance has already manifested in France. Amidst ATM withdrawal limits and bank runs, the Yellow Vests have become unlikely allies in the fight against the global monetary elites.

Promotion of Bitcoin and other cryptocurrencies as the newest way to get rich quick, paired with its use as an anti-status quo tool, would provide Bitcoin a serious opportunity to begin making real change. Crypto isn’t dead. It’s asleep. And it’s only a matter of time before it becomes a serious threat to the status quo. This means that the libertarian movement needs to give up on the dream of getting a 5% vote. Real political change doesn’t happen inside the boundaries of politics. The only way that we can truly make a change is through transcending the political boundaries that have been marked down for us.

All political Libertarians should hear the words of Slavoj Zizek:

Authentic politics is … the art of the impossible—it changes the very parameters of what is considered ‘possible’ in the existing constellation.


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