Peer-to-Peer

Replace Bitcoin Maximalism with Freedom Maximalism

Bitcoin is necessary but not sufficient to build a peer-to-peer financial system. Bitcoin is one tool in the financial self-sovereignty toolbox. Bitcoin is a hammer. What is the drill? What is the carpenter’s square? We can’t build a financial freedom house without all the tools. We need other peer-to-peer networks that use proof of work to disintermediate third parties that censor startup fundraising, lending, or publishing.

Bitcoin: Third-Party vs. Peer-to-Peer

By replacing trust with computation, Bitcoin is the separation of money and identity. Know Your Customer (KYC) regulations reattach identity to cash. And by functioning peer-to-peer without needing user identity and being comprised of digital computer bits, Bitcoin is permissionless and pseudonymous. However, Anti Money Laundering (AML) laws insert a third party, severing peers. KYC/AML Bitcoin isn’t Bitcoin.