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"THATS PART OF YOUR RISK PROFILE. DEAL WITH IT" If you set up a libertarian community in which everything is privatized, and then one day your home catches on

"THATS PART OF YOUR RISK PROFILE. DEAL WITH IT" If you set up a libertarian community in which everything is privatized, and then one day your home catches on fire, but you don't pay for firefighting service, it sucks to be you, but is your neighbor* going to just say "that's part of your risk profile, deal with it"? Laws and philosophies are one thing, but there are predictions you can make about the actions of people separate from that, and so your rules and abstractions have to be compatible. *who shares a wall

amyjess 7y ago
It's almost like cryptocurrency advocates are starting to discover the benefits of fiat currency and modern financial regulation one at a time.
- perl4ever 7y ago
  I mean, governments can collapse, fiat currency can fail, financial regulation can be corrupted, so it's entirely possible in ten years everybody will be using cryptocurrency, because everything else has gone to hell. In general I don't believe in trying to hedge against everything going wrong. I want to be rich in the future where money can buy, say, immortality or space travel, not in the Mad Max future where money just makes you a target.
  - TylerE 7y ago
    It’s especially dumb when your “everything goes wrong” system requires power and the internet.
    - perl4ever 7y ago
      I think this criticism is a bit off. We can see that there are places in the world today where the government and financial systems are really fucked, but people do use crypto, so it is conceivable that sort of situation will spread and take over the developed world. But it would be the new dark ages, not a glorious future. If it did happen, my hope is that like everything these days it would happen faster and be over sooner.
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cdiddy2 7y ago
in some cases you could just buy contract insurance in case of hack. like nexus mutual on ethereum https://nexusmutual.io/ https://nexusmutual.io/

amyjess 7y ago

It's almost like cryptocurrency advocates are starting to discover the benefits of fiat currency and modern financial regulation one at a time.

perl4ever 7y ago
I mean, governments can collapse, fiat currency can fail, financial regulation can be corrupted, so it's entirely possible in ten years everybody will be using cryptocurrency, because everything else has gone to hell. In general I don't believe in trying to hedge against everything going wrong. I want to be rich in the future where money can buy, say, immortality or space travel, not in the Mad Max future where money just makes you a target.
- TylerE 7y ago
  It’s especially dumb when your “everything goes wrong” system requires power and the internet.
  - perl4ever 7y ago
    I think this criticism is a bit off. We can see that there are places in the world today where the government and financial systems are really fucked, but people do use crypto, so it is conceivable that sort of situation will spread and take over the developed world. But it would be the new dark ages, not a glorious future. If it did happen, my hope is that like everything these days it would happen faster and be over sooner.

deleted 7y ago

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cdiddy2 7y ago

in some cases you could just buy contract insurance in case of hack. like nexus mutual on ethereum https://nexusmutual.io/ https://nexusmutual.io/