[Ygg2]

> People should be free to spend their wealth on whatever they want

So, you're saying I should run my unlicensed nuclear testing facilities? Regardless of any consequences and externalities I may cause.

And I should have the right to sell whatever I discover to highest bidder (including terrorist organizations)?

It's a hyperbole, but Bitcoin suffer from both of those: heavy externalities, and interfacing with black market.

[throwaway55421]

It is completely ludicrous to compare nuclear testing with doing maths on a computer.

[CryptoPunk]

>>So, you're saying I should run my unlicensed nuclear testing facilities?

That is not a voluntary interaction. Nuclear reactors pose an uncontrolled risk to all those in their vicinity.

Yours is a hyperbolic analogy, and likely just a trope you wheel out whenever you encounter an opponent of your anti-libertarian "you only have the rights I agree you should have" ideology.

>>It's a hyperbole, but Bitcoin suffer from both of those: heavy externalities, and interfacing with black market.

I've already commented on how the externalities should be addressed.

As for the "black market" angle, there is a fundamental difference between designs for weapons of mass destruction, and targeted restrictions on their dissemination, and dragnet controls over all financial interactions, in an attempt to preempt a host of crimes.

The former targets a true threat, and takes proportionate measures to mitigate it. The latter rejects the first principles of a free and liberal society, in instituting warrantless mass-surveillance and centralized gatekeeping of practically all private economic interactions, in the name of preempting crime, and in doing so, creates a hyper-centralized power structure that is in itself a massive threat to humanity.