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And the Bitcoin blockchain is just another state, with just another monetary system, which you can diversify into or not, and it can fail or not.
by immibis 1y ago
And the Bitcoin blockchain is just another state, with just another monetary system, which you can diversify into or not, and it can fail or not.
- lottin 1y agoA blockchain is not a state. A state is a political entity that rules a territory through the monopoly of violence.
- immibis 1y agohttps://write.as/no-time-like-tomorrow/a-blockchain-is-a-state https://write.as/no-time-like-tomorrow/a-blockchain-is-a-sta...
- lottin 1y agoSorry to say, but you're deluded. A blockchain is made of "information". Information has no coercive power. A blockchain can't enforce laws. It can't stop illegitimate violence. It can't perform any of the functions of a state. Not even remotely.