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Not trusting anybody / anything does not mean that you can not risk a relationship. It's a cost/benefit analysis. In the case of MtGox, a libertarian would trus
by gonvaled 13y ago
Not trusting anybody / anything does not mean that you can not risk a relationship. It's a cost/benefit analysis. In the case of MtGox, a libertarian would trust it with a small percent of their holdings, no more.
Because a libertarian recognizes that the world is inherently risky/hostile, as a basic strategy he is not willing to risk too many eggs on a single basket. Whatever the basket - specially if it is a basket guaranteed by the state with a business plan based on a pyramid-scam, like, "we are guaranteeing all bank accounts although we have absolutely no money to do that".
- clavalle 13y agoIt is not a cost/benefit analysis. It is an explosion of cost/benefit analysis. It is replacing a tree structure (government) with a directed graph with no further constraints (agreements between individuals and groups). Sure, it is more flexible but at a cost of a huge reduction in efficiency. That is why it seems exhausting to me. A base level of trust that we rely on every day, a system of trust that works so well most of the time that we don't even realize it is there unless we think about it, would not exist.