Hacker News new | ask | show | jobs
by thetis 1471 days ago
and don't forget the "i lost my bitcoin password so i lost all my assets" and "my hard drive has been destroyed so i lost all my bitcoins"

All those stories were solved across 120y of crisis and financials regulations. Not all of course, but finance, as a basis of the XXI century economy is far more robust that it was

2 comments

dark markets tho
Solved mostly by applying monopolized violence.
Uh, yeah. Why do people act like this is a bad thing?

I’m a big fan of the fact that when someone is pissed off at me they’re not allowed to just punch me in the face. I’m also a big fan of the fact that someone CAN metaphorically punch me in the face if I manage to piss off a whole slew of people, elected by and comprised of my compatriots, with various systems designed to mitigate emotionality and unfairness.

Duh this is a strictly good thing, when paired with democracy.

not sure I want to live in a world where violence is evenly distributed, look at the US right now. that is still only a small number of shootings a day. imagine when there is no monopoly on violence, you won't be able to do anything but join a militia or work as a slave to a local militia
I'm just pointing out those "120 years of evolution" are not about some clever solutions but the state forcibly preventing hustlers from parting fools and their money so the legitimacy of state parting everyone and their money isn't questioned.
Believe it or not, even with a monopoly in violence you still have to create clever solutions, even more so when you're trying to broadly preserve liberty as opposed to just being a dictator.