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your evidence seems to indicate the exact opposite of your conclusion. State-backed Fiat can never exist in an anarchist vacuum, but you could have crypto since
by RhodoGSA 5y ago
your evidence seems to indicate the exact opposite of your conclusion. State-backed Fiat can never exist in an anarchist vacuum, but you could have crypto since it is inherently decentralized and impossible to steal unless i somehow find where you keep your keys (Which could be the size of a thumbdrive)
- randomopining 5y agoHow does crypto operate? On an open network that was build by agreements and collaboration between govs and entities. How do they build/maintain power/network lines between villages, cities, satellite connections, underwater fiber routes? Thus if everybody locks in their "wealth" with crypto, none of it would go to the commmons - these commons are used to run the crypto network.
- RhodoGSA 5y agoI see your point, but i believe the social construct of a government can fail before key infrastructure fails. People can lose faith in the US Government and still go to work. If all the infrastructure failed that you describe above we'd have mass starvation on a large scale. Also, crypto wealth isn't 'Locked'. I can buy synthetic assets with my crypto with a guarantee that an equal amount of stock has been purchased. I can bond or trade my tokens for different cryptos to be developed that may have fecundity in supply chain, banking, pay for compute time, store, read and write to files, etc. None of that seems 'Locked' and if you think none of that goes to the commons than AWS, all the world banks, financial software, google and pretty much every other tech companies are 'locking wealth away'.