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by XorNot
735 days ago
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You're thinking too far ahead: governments define the currency that can be used to extinguish debts, particularly to the state (taxes). You can't pay your taxes in Bitcoin: you can only use Bitcoin to buy enough local currency to pay your taxes from someone else who has some. Which they get from the state. While the endpoint of this is jail and the monopoly on violence of government, it's also just regular economic reality: you can't buy something if you don't have anything the seller will accept. And the government doesn't accept Bitcoin. |
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What you can't handwave way is: in your utopia, why does everyone have more of an incentive to buy-into your system than to ignore it or destroy it?
This is the fundamental question of all national social institutions. A distributed database is so far away from answering the problem that it comes across, at best, as childlike.
No utopian projects can answer this question, and utopians in my experience, hate it: the communitists as much as the libertairian objectivists. They are all committed to a theory of sin in which we live in a fallen world because people do not behave the right way, and if we just programmed to them to behave that way, all our problems would be solved. Neither care to note how radically different their opponents programs are.
Ironically, of course, the utopian is the problem that they are trying to solve: a person with a Mission to divest from The Existing Social Order, and found a new one. The very existence of people with this mindset demonstrates that some people will prefer to destroy an order than to participate in it -- if they could. They are each trying to forment The Final Civil War.
Thankfully many, but not all, countries today have got out of this doom-loop.