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You're 100% correct that without a government, vigilante justice is the option that people will take. But we don't live in that thought experiment. In our curr
by salt-thrower 5y ago
You're 100% correct that without a government, vigilante justice is the option that people will take.
But we don't live in that thought experiment. In our current society, let's say Joe tricked Bob into sending him all of his bitcoin.
Option A: the government recognizes crypto as property, and the government intervenes to get Bob his property back. Of course, this also means that crypto is subject to taxes and regulations.
Option B: the government does not recognize crypto as property, and does nothing because no "crime" has been committed. Bob is out of luck. But, there are no taxes or regulations on crypto, so if you don't get robbed you can get rich and evade taxes.
Option B is the logical outcome of the scenario that many crypto anarchists originally wanted for crypto. No government oversight, which means no taxes or regulations, but also means you're shit outta luck if someone robs you. That's what I was commenting on.
Maybe those crypto anarchists also want a world with no government, so they can take Option C and be their own vigilantes. But it's even more ludicrous to desire that kind of world.
- quantumBerry 5y agoYou realize there is no requirement that crypto be subject to taxes in order to have a legal mechanism for enforcing property rights. You're of the misinformed opinion that taxation of crypto is a necessary function of government.