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Does Jack Dorsey Support Voluntaryism? Twitter CEO shares Murray Rothbard’s book ‘Anatomy of the State”

Does Jack Dorsey Support Voluntaryism? Twitter CEO Shares Murray Rothbard's Book 'Anatomy of the State'

Cyber enthusiasts have been following Jack Dorsey’s lead ever since he, the CEO of Square and Twitter, began to appreciate the crypto asset bitcoin. There are mixed feelings about Dorsey. Some people love him but others doubt his motives. His firm has been accused in mass censorship. Then on August 13, Dorsey tweeted out a URL link to a book called “Anatomy of the State” by the economist Murray Rothbard. His tweet attracted a lot of likes from bitcoiners, but also confused a lot of libertarians.

While some Bitcoin supporters love him, many other crypto advocates don’t trust Jack Dorsey

For quite some time now, the CEO of Twitter has been a bitcoin (BTC) supporter as he sports a Lightning Network emoji next to his username and keeps a bitcoin symbol in his Twitter bio. Jack Dorsey has also talked about the benefits of bitcoin on various occasions and recently tweeted about the vast number of Nigerians that leverage the crypto asset.

Dorsey’s other company Square allows merchants to accept bitcoin and people can purchase BTC via the Cash App as well. Dorsey isn’t liked by all and, in fact, many crypto supporters don’t like the fact that he’s a maximalist and that his company has censored individuals. Many also believe that he’s simply a run-ofthe-mill figurehead from Big Tech.

Dorsey recently said that bitcoin would be a big part of Twitter’s future and recently discussed the subject of bitcoin with Ark Invest’s Cathie Wood and Tesla’s Elon Musk at the “B Word” event. Dorsey’s company Square is also in the midst of developing a bitcoin hardware wallet.

But while Dorsey was on stage at the Bitcoin 2021 conference in Miami he was heckled by a conference attendee over “censorship” and “interfering in elections.” Since the onset of Covid-19, just like Youtube, Facebook, and Instagram, Dorsey’s firm Twitter has been accused of mass censorship when tweets involved alternative discussions concerning the narrative surrounding the coronavirus and the 2020 election.

Twitter CEO Stuns Bitcoiners and Libertarians with Rothbard Book Tweet

To many people’s surprise, on Friday the 13th, Dorsey shared a URL to Murray Rothbard’s magnum opus called “Anatomy of the State.” So far Dorsey’s Rothbard tweet has close to 13,000 likes and almost 2,000 retweets. The Twitter CEO even got the name “Rothbard” trending across Twitter since he shared the link stemming from Mises.org. Because Dorsey, a leftist who supports the state, was confused by it, it also confused many bitcoiners and libertarian voices.

Does Jack Dorsey Support Voluntaryism? Twitter CEO Shares Murray Rothbard's Book 'Anatomy of the State'
Bitcoin.com News readers can read Murray Rothbard’s book in its entirety here.

American economist Murray Newton Rothbard was, however, a leading anarcho-capitalism theoretician and one of the founders the Austrian School economics. People were confused by Dorsey’s tweet because Rothbard would almost certainly ridicule today’s Neo-liberal ideals which Dorsey is well-known for advocating.

Free Market, Anti-War, and Anti-State

Rothbard’s book “Anatomy of the State” is considered one of the economist’s finest works and the first chapter, “What the State Is Not,” lays the groundwork of people’s false perceptions of the world’s nation-states. The state is the enemy of humanity and is a monopoly on violence that uses force and coercion to achieve its ends. Rothbard’s “Anatomy of the State”, describes the immorality of the state and the ways that “good intentions” can be used to justify theft and manipulation. Rothbard’s magnum opus, which is widely known, is a complete and unreservedly free market, antiwar, and antistate.

” “Predation must always precede production,” Rothbard wrote. He said that the free market was prior to the state. “The state was never created through a’social agreement’. It has always been born from conquest and exploitation,” Rothbard, an Austrian economist, adds.

The State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial area; in particular, it is the only organization in society that obtains its revenue not by voluntary contribution or payment for services rendered but by coercion.

We don’t know if Jack Dorsey’s tweet meant that he was moved by Rothbard’s book and words that describe the state or if it was just a Friday the 13th gag. Although it is unlikely that Twitter’s CEO will become a Rothbardian, many bitcoiners and libertarians are skeptical. However, others believe that Jack might be changing his ideological direction. Perhaps the Twitter CEO recognizes the importance of voluntary cooperation and thinks coercion and force are wrong.

What do you think about the CEO of Twitter sharing Murray Rothbard’s book “Anatomy of the State”? Comment below to let us know your thoughts on this topic.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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Mint-free OKX Football Cup NFTs for group stage games enter the second round

The second round of group-stage games at the FIFA World Cup 2022 began today. Users can still mint free OKX Football Cup NFTs until the FIFA 2022 Group stage ends Get a chance to redeem stakes and collect rewards by December 20. FIFA World Cup group stage games enter the second round The second round…


  • The second round of group-stage games at the FIFA World Cup 2022 began today.
  • Users can still mint free OKX Football Cup NFTs until the FIFA 2022 Group stage ends

  • Get a chance to redeem stakes and collect rewards by December 20.

FIFA World Cup group stage games enter the second round

The second round of the group stage games for the FIFA World Cup in Qatar is underway. There were some big upsets in the first round, with Saudi Arabia winning against Argentina and Germany losing against Japan.

The second round of games started today and the chances for the host nation to qualify for the knockout round are virtually nonexistent.

You have the chance to get OKX Football NFTs for free as the world cup continues. A week ago, crypto exchange OKX announced the launch of its NFT Football Cup.

The OKX Football Cup is part of the crypto exchange’s ‘The OKX Football Festival,’ and it is giving millions of fans around the world the opportunity to earn from a great prize pool.

With this competition, users can mint free NFTs of their preferred teams and use the NFTs to predict matches and stand a chance to win huge prizes.

NFT minting will end after the group stages

The free minting of the NFTs began on November 21st and will end on December 3rd. All users can participate in minting as long as there are group stages. Users must stake 0.01 for each mint. 01 ETH. You can create up to three teams prior to the group stage. With the first round of games producing some shocking results, you can look at the tables so far and partake in the OKX Football Cup.

Each match offers a fixed prize pool of 20,000 USDT. OKX revealed that it adds 10 USDT for every NFT minted, thus, growing the prize pool.

As an NFT owner, you will earn a share of the $20k in USDT if your team wins a match. However, when the teams draw, each side will share $10,000 in USDT

Participants will also have the option of redeeming their full stakes at the completion of the OKX Football Cup.


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BNB recovers above a critical level. Do we need to wait for another bullish push?

Binance token rose by 17% on Wednesday. The crypto exchange has announced the sale of HOOK tokens on Binance Launchpad. BNB eyes $330 next and is a buy on a retracement As Binance coin (BNB/USD) slipped below $266, it signalled the start of a bearish market. Since July, BNB has maintained the level and any…


  • Binance token rose by 17% on Wednesday.

  • The crypto exchange has announced the sale of HOOK tokens on Binance Launchpad.

  • BNB eyes $330 next and is a buy on a retracement

As Binance coin (BNB/USD) slipped below $266, it signalled the start of a bearish market. Since July, BNB has maintained the level and any decline below could have given bears complete control. However, it is now not the case as BNB trades at $295, well above the crucial level. It is possible that cryptocurrency may be heading for the next level. What happened then?

The gains in BNB happened after November 23 cryptocurrency news. BNB’s price rose by 17% on the day after the exchange announced the Hooked Protocol (HOOK) token sale on Binance Launchpad. This is the 29th project launching on Binance Launchpad.

According to the announcement, the token sale will occur through a lottery and conclude on December 1. 25 million HOOK coins have been allocated to the launchpad, equivalent to 5% of the total supply.

This latest development comes as Binance continues to reassure users following the collapse of FTX. Binance announced Thursday that it would contribute $1 billion to help protect crypto-related firms. Binance has committed to increasing this amount if necessary and will look to include traditional financial institutions. This fund is the result of a series of measures that are designed to ensure users have sufficient reserves in case of a crypto confidence crisis.

BNB price action as token hits a 2-week high

BNB/USD Chart by TradingView

BNB rose from a low of around $250 to a 2-week high of $303. The $266 has been re-established as the immediate support for the cryptocurrency.

A bullish MACD crossover was initiated after the bullish push. The RSI also moved above its midpoint, which suggests that BNB has attracted a lot more buyers since the breakout. The cryptocurrency is consolidating ahead the next move.

Should you buy BNB now?

Buyers may not be done with BNB, with the area around $330 and $360 as the next target. However, if intending to buy BNB, wait for some correction to snap it lower. This consolidation could lead to a correction before the next bullish leg.

Where to buy BNB

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users have the ability to connect with, learn, copy, or get copied from other users.


Buy BNB with eToro today

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is known for its low trading fees and multiple trading options. These include margin trading, peer-to-peer, spot trading, and margin trading.


Buy BNB with Binance today


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Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack

Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack

A major cryptocurrency mining pool was attacked by hackers in early March, according to the pool’s owner. The hackers stole digital assets worth $3 million from the pool and its clients.

Chinese Authorities Open Investigation into Crypto Mining Pool Hack

A subsidiary of Bit Mining, a coin minting company, was the victim in a hacking attack. The company released a press release. The affected entity is a leading bitcoin mining pool, Btc.com, which in the past week accounted for over 2.5% of the pool distribution and has a share exceeding 4% on annual basis.

According to the announcement published Monday, Dec. 26, the platform was hit on Dec. 3, 2022. As a result, $2.3 million worth of digital assets owned by the company and another $700,000 in asset value belonging to its clients were stolen.

The cyberattack has been reported to law enforcement in Shenzhen, China on Dec. 23. With the support of other agencies Bit Mining highlighted that the Chinese authorities are investigating the incident and collecting evidence.

The company will devote considerable efforts to recover the stolen digital assets.

The mining company stated that certain crypto assets of Btc.com were already secured. It pointed out that it had implemented technology to better intercept and block hackers after discovering the breach.

Btc.com is currently operating its business as usual, and apart from its digital asset services, its client fund services are unaffected.

Besides the top-10 mining pool, which provides mining services for bitcoin (BTC), ether (ETH), and litecoin (LTC), Bit Mining Limited also owns the mining device manufacturer Bee Computing and operates coin minting facilities.

Since the Chinese government cracked down on the industry in the spring of 2021, Bit Mining has sought to expand its activities in Kazakhstan, which has become a major crypto mining hotspot. In August of this year, the company announced it had secured a $9.3 million registered direct offering from institutional investors.

What are your thoughts on the hacking attack against the bitcoin mining pool Btc.com? Please leave your thoughts in the comments below.

Lubomir Tassev



Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or related to the use or reliance of any content, goods, or services in this article.

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