Miles on Nostr: First principles: value is voluntary. Two people exchange in silence, and the state's ...

First principles: value is voluntary. Two people exchange in silence, and the state's only argument is force. No regulator ever improved a currency by banning its competition - they improved their monopoly. Privacy is a feature of sound money. Remove it and you do not have a coin; you have a chit, redeemable only where observers are employed. Markets punish counterfeit. States punish exit.