Bitcoin Songsheet Rent Seeking – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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Rent seeking is the real virus.

The virus spreads from person-to-person through the central bank-backed fiat monetary system and grows like a cancer through regulation. Rent seekers think they are providing some value somewhere, but can’t identify how, because they aren’t providing any. They are able to extract a tax from various transactions, consuming resources without producing. They are a cancer ruining civilization, infecting governments, corporations and everything in between.

What’s making rent-seeking thrive? How do we rid ourselves of this plague?

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