Bitcoin And The Iron Law Of Oligarchy

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In this video, I discuss "the iron law of oligarchy," and the tendency of all democracies to rapidly degrade into oligarchies, with special reference to James Burnham's "The Machiavellians."

I conclude with speculations about how the Bitcoin consensus could degrade into an oligarchy if Bitcoiners stop thinking for themselves and instead choose to turn over their decision-making to Bitcoin "experts and influencers."

Not investment advice! Consult a financial advisor.

Monarchy, Oligarchy, Democracy, And Bitcoin:
https://www.youtube.com/watch?v=9LjIWORGmMM&ab_channel=BitcoinUniversity

James Burnham:
https://en.wikipedia.org/wiki/James_Burnham

The Machiavellians:
https://www.goodreads.com/book/show/1270379.The_Machiavellians

Iron law of oligarchy:
https://en.wikipedia.org/wiki/Iron_law_of_oligarchy

Thomas Massie and AIPAC:
https://x.com/AdameMedia/status/1936805187990995007
https://x.com/RepThomasMassie/status/1936432772828336256
https://x.com/disclosetv/status/1936847358228095106

Either way, you get war with Iran:
https://x.com/PPC4Liberty/status/1936610496297259373/photo/1

Bitcoin Core dev Peter Todd's terrible ideas:
https://x.com/FreeRangeBTC/status/1936825945240809645
https://www.youtube.com/watch?v=-Dy4DeVhk_g&ab_channel=MoneroTalk

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#oligarchy
#anarchy

Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky. Receive SMS online on sms24.me

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