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> I reject this idea that we need to go Full Monty: from one end of the spectrum (no privacy, complete state control over money and banks) to the other end, fin
by ben509 8y ago
> I reject this idea that we need to go Full Monty: from one end of the spectrum (no privacy, complete state control over money and banks) to the other end, financial anarchy.
It's not going towards "anarchy" unless you're defining it to mean "there is no one from a government agency involved."
A market is a regulatory mechanism: prices via arbitrage transmit information about supply and demand directing actors to devote their efforts to alleviate scarcity. And cryptocurrencies by design have mechanisms that help enforce contracts which is directly regulatory.