Taxation is theft, my friend, and in economics, all value is subjective. Thus, by your definitions above--unless I am misunderstand something--everything is "fiat," as every single money, currency, or commodity ever known to man was first and foremost valued subjectively. Even gold.
Steemit definitely has its weak spots, but ultimately, it is a stake-weighted voting platform. In other words, it is built on inequality, in a sense. The difference between Steemit and a modern day nation state, however, is that participation in Steemit is 100% voluntary and consensual. No force is being employed here to coerce individuals to participate.
It's 100% morally legitimate, in that sense.
OK I can agree with at least one thing you said "Taxation (these days) is theft". As far as everything being fiat, I would say you are mistaken. I said human labor gives things there value that subjective or not the work has been done and the thing is given value . "valued subjectively" To put it more bluntly to equate ones labor to being less than a computer is a problem for me. And we see that problem more and more everyday with computers taking over in the work place. Now they want to do it to the one thing that kept society from braking down before 1933 and (as you must know) we have been on a downward spiral from the day that equity was removed from the system. And the farther they removed us from real things the worst it has gotten and will get. Steemit is built on inequality! OK my error there are two things I can agree with you on. However anything build on inequality is a perfect system for abuse. Which is why it took two days to reply, I just happen to stop by. We all have our opinions, I only come to steemit to find conversation on those things that really matter to our future and to me. I am never here to upset anyone, just to participate. Last thing about taxation. If you can stop taxation altogether it is true, I would have a problem with that. Not because I need it but (if done right) it could help those who could not have acquired a bit coin at 5 dollars much less 14,500 dollars! But then again what does a transfer of wealth matter to someone who can't even feed themselves. Believe me I am already aware that most people who will read this will say that I'm confused and that is there right. Truth be told the whole planet is a prison. But as Morpheus would say "you have a right to be enslaved!" It has always been "the hands that bring forth the commodities as the source of value"
ARE WE NOT MEN?
I think it will all end with the question, does a man labor have worth?
This is basically the Labor Theory of Value in action, no?
The market has shown time and time again, since the dawn of trading and exchange, really, that the LTV doesn’t hold water.
For example. I could put almost zero labor into bottling some water from a stream, and you could put a ton of labor into perfecting your recipe for, and making, a bottle of cola.
In the end, more than likely, I could still sell my spring water for more than your cola in many markets, regardless of the respective amounts of labor put in to making the two drinks.
If value is subjective, as economics says, then saying things can only have value in proportion to the labor used to create them is to deny basic economic principle.
I agree that the market can really hurt people’s feelings, including my own, but this doesn’t change the fact that this is how economics works.
What is your fair share of something someone else worked for or purchased? is what I would ask.
And as an aside, many of those folks who bought in early are helping those in need, and voluntarily, without state guns to their heads!
I’m with you brother. The world is sleeping and in many ways in a horrible state.
We can make it better though, as individuals.
I don't know or have any incite about the "Labor Theory of Value". There are always ( until we advance into a state of love) people who will out right cheat others that is basically the system we have, and that is part of the problem not the solution. It all comes down to Ethics, ie I could be someone who drop ships. A process were by I order a product for one dollar never see the product I order (other than in a picture) and advice the shipper to send it to someone who I have charge ten dollars for the same product. Have I added any value to the product? No! Is it legal? Yes! Is it ethical. Ethics is a personal matter, So I leave that answer to you. However to promote this type of behavior, is to maintain the path that we have been on for some time now. It is long pass the time that we grow.
My reply to that question would be, that share that the giver has allotted. But then that has more to do with community than government. But because government have related (in the minds of the people) community with communism and we all know how bad that is as a political system. We reject it. Our systems these days is not a system of shearing. It is a system made to keep us on the treadmill. Yes the world is sleeping in many ways. I have seen in many posts from people who state what they will, or have done with their cyrpto profits. However I have never seen where someone said I am "helping those in need". I'm not saying that it does not happen and maybe it's being done by more people than I think, I hope it is. Thank you for your reply.
I researched the theory you referred to and find it acceptable (In theory) , and fully understand why the system is not in use, but it is not what I was referring to at all.