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by jackcosgrove 1969 days ago
Not only that, but crypto users would eventually end up resolving disputes through the legal system, both because they must and because there is no practical alternative. So you come to depend on the system you are trying to undermine.

If you want to set up your own currency, you also need to set up a legal system to resolve disputes, a law enforcement system to enforce judgements, and a military to ultimately defend all these other systems.

Crypto seemed like it had to reinvent the wheel of the financial system, with all its pitfalls. Turns out the rabbit hole is much deeper than that.