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That's beside the point. You stated without government the "framework of trade [will] break down". On the contrary, even after scandals and shutdown markets, ne
by ancap 12y ago
That's beside the point. You stated without government the "framework of trade [will] break down". On the contrary, even after scandals and shutdown markets, new markets pop up and, incredibly, people continue to use them.
As for Bitcoin networks being hacked that is a red herring as we often hear of non-black market sites being hacked--even with the all mighty government protection.
- rayiner 12y agoEven with the black market, government provides a backdrop of expectations. Murderers are still prosecuted even if the murder happened in a black market trade. I'm talking about a situation where there is no disincentive to use force, e.g. a place like Somalia or rural Pakistan.