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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.

This story contains tags

Anarcho-capitalism, Anatomy of the State, anti-state, Anti-war, Austrian School, Austrian School of Economics, Bitcoin, Bitcoiners, Censorship, COVID-19, Free Market, Jack Dorsey, libertarians, Monopoly of Violence, Murray Rothbard, NAP, square ceo, Twitter CEO, Voluntarism, Voluntaryism, What the State Is Not

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Curve Finance launches scrvUSD, a decentralized yield-bearing stablecoin

Curve Finance launches yield-bearing stablecoin, Savings-crvUSD (scrvUSD). scrvUSD stabilizes borrowing rates and enhances DeFi composability. Curve has partnered with The Open Network to boost ecosystem integration and efficiency. Curve Finance, a leading decentralized finance (DeFi) platform, has launched a new decentralized yield-bearing stablecoin called Savings-crvUSD (scrvUSD) to offer low-risk returns for investors and further scale…

Curve Finance launches yield-bearing stablecoin, Savings-crvUSD (scrvUSD).
scrvUSD stabilizes borrowing rates and enhances DeFi composability.
Curve has partnered with The Open Network to boost ecosystem integration and efficiency.

Curve Finance, a leading decentralized finance (DeFi) platform, has launched a new decentralized yield-bearing stablecoin called Savings-crvUSD (scrvUSD) to offer low-risk returns for investors and further scale its crvUSD stablecoin.

The new product aims to stabilize the borrowing rates for crvUSD while enhancing composability within the DeFi ecosystem.

The scrvUSD stablecoin

Launched on November 13, 2024, the scrvUSD stablecoin allows users to mint the token by depositing crvUSD into the scrvUSD module. The underlying crvUSD is overcollateralized by digital assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), and others, providing security to users’ funds.

Crucially, Curve Finance has emphasized that funds in scrvUSD are not rehypothecated or moved from the vaults, ensuring that the stablecoin remains a safe and sustainable option for investors.

According to Curve Finance founder Michael Egorov, the scrvUSD module is already sustainable, with over 3 million crvUSD stored in the vault. This initiative is designed to offer stability to the DeFi ecosystem, addressing the volatility concerns associated with traditional stablecoins.

The introduction of scrvUSD also marks an important step in Curve Finance’s broader strategy to enhance composability within decentralized finance.

Composability refers to the ability of various DeFi applications to work together seamlessly, allowing users to access innovative financial products.

Curve Finance’s move to scrvUSD follows its earlier decision in June 2024 to adopt crvUSD as the primary fee distribution asset, signalling a shift towards further integration across DeFi platforms.

Curve Finance’s partnership with TON

Additionally, Curve Finance is expanding its ecosystem through a collaboration with The Open Network (TON). This partnership seeks to increase interaction and composability between the two decentralized networks, fostering new opportunities for traders and investors.

As part of this collaboration, a competition was launched to develop Curve’s Constant Functional Market Maker (CFMM) — a tool designed to curb volatility and market slippage, thus improving overall efficiency in the DeFi space.

Through these strategic moves, Curve Finance continues to reinforce its position as a pivotal player in the evolving DeFi landscape.

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Crypto critic Elizabeth Warren rises to top Democrat on Senate Banking Committee

Senator Elizabeth Warren will be the top Democrat on the Senate Banking, Housing, and Urban Affairs Committee. The crypto critic’s new role means her input could have an impact crypto regulation in the US. Senator Elizabeth Warren, the top crypto critic in the US Senate, has confirmed she’s set to be the senior most Democrat…

En bild av senator Warren som representerar Massachusetts

Senator Elizabeth Warren will be the top Democrat on the Senate Banking, Housing, and Urban Affairs Committee.
The crypto critic’s new role means her input could have an impact crypto regulation in the US.

Senator Elizabeth Warren, the top crypto critic in the US Senate, has confirmed she’s set to be the senior most Democrat on the crucial Senate Banking, Housing, and Urban Affairs Committee.

Warren, who defeated pro-crypto lawyer John Deaton for the Massachusetts senate seat in the 2024 elections, noted this in a statement published on Wednesday. Notably, the Senate Banking Committee is the entity that’s set to handle critical legislation on cryptocurrencies.

While Republicans have control of the Senate, any changes to this scenario likely during the mid-terms could see Warren become even more influential in the next two years.

Warren’s new Senate role

Warren’s elevated position follows the exit of Sherrod Brown, the former chairperson of the Senate Banking Committee. The Ohio Democrat lost in the 2024 U.S. election, with his defeat coming amid massive effort from across the crypto space to support the winner and new Ohio Senator-elect Bernie Moreno.

The 2024 US election has also seen the most pro-crypto lawmakers elected.

However, the crypto industry’s larger concern will be on the influence of the Dem’s ranking member in Senate. While Warran did mention crypto in the statement, she said:

“In the aftermath of the 2024 election, it’s powerfully important for Democratic leadership to show that we can make life more affordable for working people and to act with urgency to rebuild our middle class. For Massachusetts and hard-working families nationwide, this new role means a better chance to advance solutions like building more housing to lower prices and protecting consumers from private equity greed and special interest scams.”

Cryptocurrencies have rallied since Donald Trump won a second term by defeating Democrat Kamala Harris in Nov. 5. Bullish sentiment has seen Bitcoin break past the previous bull market’s high to hit highs of $93k.

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BlackRock’s spot Bitcoin ETF hits $40 billion, sets new record in 211 days

BlackRock’s IBIT reached a new record in 211 days, surpassing iShares Core MSCI Emerging Markets ETF’s previous record of 1,253 days BlackRock’s new record comes two weeks after it hit $30 billion in net assets at the end of October BlackRock is now in the top 1% of all ETFs by assets and is bigger…

blackrock ceo larry fink crypto digitalising gold

BlackRock’s IBIT reached a new record in 211 days, surpassing iShares Core MSCI Emerging Markets ETF’s previous record of 1,253 days
BlackRock’s new record comes two weeks after it hit $30 billion in net assets at the end of October
BlackRock is now in the top 1% of all ETFs by assets and is bigger than all the ETFs launched in the past 10 years

BlackRock has done it again. This time its IBIT spot Bitcoin exchange-traded fund (ETF) has hit a record of over $41 billion in net assets in 211 days.

News of the milestone comes two weeks after BlackRock reached $30 billion in net assets in 293 days at the end of October.

Posting on X in October, Bloomberg analyst Eric Balchunas, said what BlackRock has achieved is an “all-time record,” adding “the old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.”

With BlackRock’s new achievement, it’s surpassed the previous record of 1,253 days held by iShares Core MSCI Emerging Markets ETF, according to Balchunas.

In a post on X, he said: “[BlackRock’s] now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years.”

JUGGERNAUT: $IBIT has hit the $40b asset mark (a mere two wks after hitting $30b) in a record 211 days, annihilating prev record of 1,253 days held by $IEMG. It’s now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years. pic.twitter.com/WTATlpShUq

— Eric Balchunas (@EricBalchunas) November 13, 2024

Now, BlackRock holds more than 467,000 Bitcoin, valued at $41.8 billion, according to iShares data.

Reaching new heights

The new record comes as Bitcoin reached an all-time high of over $93,000 on November 13 in a continued rally that’s showing no signs of slowing.

The upward trajectory is partly due to Donald Trump being re-elected as US President earlier this month. Following news of his win, Bitcoin broke the $75,000 mark. It then passed $82,000, and continued to $84,000, before pushing to $87,000 earlier this week.

In September, Bernstein analysts predicted that Bitcoin would surge to between $80,000 and $90,000 if Trump won the US election. With that prediction having now passed, Bernstein analysts believe Bitcoin could reach $200,000 in 2025, urging investors to “buy everything they can.”

It remains to be seen how far Bitcoin will go, but for now, it’s showing no signs of slowing down.