The State of Monero

Confessions of A Crypto-Anarchist: I’m in love with Monero.

Okay, so this is not a great secret to anyone who follows The Crypto Vigilante and The Dollar Vigilante. But in today’s video interview on Anarchast, I explain the exact reasons why it is my favorite coin and also the preferred coin of both our teams.

Here’s a sneak preview:

Because Monero creates a new world – where you are the sovereign – taking you from statism to anarcho capitalism in a heartbeat via crypto anarchy.

In fact, Monero is the poster child for “spontaneous order” – joining small, insignificant systems which evolved through spontaneous order such as:

  • life on Earth,
  • language,
  • crystal structure,
  • the Internet, and
  • a free market economy.

An appreciation for spontaneous order can be found in the writings of the ancient Chinese philosopher Lao-tzu (6th century BCE), who urged rulers to “do nothing” because “without law or compulsion, men would dwell in harmony.”

In the 20th century, Friedrich August von Hayek, Austrian-born economist and advocate of free-market capitalism made a distinction between “spontaneous orders” and “constructed orders.” He maintained that many social institutions – among them language, money, the common law, the moral code, and trade – are instances of spontaneous orders. These orders arise as a result of human action, and they come about as a result of individuals pursuing goals, but they are not the product of human design, or central direction, because no one intended that they arise. They survive because they provide benefits to the societies and individuals that practice them.

The lesson is clear: Leave people alone, and a coherent civil order will spontaneously emerge and perpetuate itself.

So what does this have to do with cryptocurrency? Does this mean we should let things grow organically and there should be no central planning or strategy? And why should we distinguish between extreme capitalism (Bitcoin) or extreme privacy and sovereignty (Monero)? Which is more important…and how does this gel with concepts like “heart” and “spirit”?

If you’re interested in what this all means (to me, anyway), it’s all in the interview I did with Patrick for Anarchast. Enjoy! And let me know what you think in the comments section.

Watch on: Youtube | | Bitchute

You need spontaneous order; you need to become a ‘scientist as entrepreneur’ in the market. You need to plan, you need to experiment, the more experiments we have the better, but also make sure that you're investing in things that are fundamentally sound. EOS vote buying, Ethereum scaling and Bitcoin cash contention are all results of what happens when you don't have a stable foundation in crypto currency.

Do your due diligence. Do your own personal proof of work. Step out of your echo chamber. The differential knowledge is what will give you profit above the rest in crypto.

Although we disagree about other coins at The Crypto Vigilante and The Dollar Vigilante, we all agree on Monero. It is by far the most fundamentally sound cryptocurrency.

But more than that, it’s the motivation behind Monero of individual sovereignty and spirit that will stand the true test of time.

Rafael LaVerde
Crypto Economics Analyst

Rafael LaVerde

Rafael LaVerde has a background in private equity and venture capital. He discovered Bitcoin in 2012 while volunteering on Ron Paul's presidential campaign. He served as board member of a Libertarian Super PAC while doing post-graduate work in economics, and was also a member of the University of Texas’ Mises Circle. His formal education includes graduate degrees in continental philosophy and psychology. He has been a Bitcoin miner since 2014. Rafael also managed investor relations for the BitAngels Network, which helped finance the vast majority of early Bitcoin startups, and was also part of the DApps Fund team that revolutionized funding structures that eventually became known as ICOs and STOs. He was also the founding partner of what became one of the very first Bitcoin venture capital funds.