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by mjburgess
735 days ago
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I was thinking more of a major car company, rather than a few individuals making transactions. Two people can trade on any basis; you can trade a car for baseball card if you like. Nevertheless, the only story I can find in this case is one long-time crypto enthusiast selling a car with BTC, which happens everywhere from time to time. My point was that during any major event in which the state requires control over the money supply, people making any meaningful difference to that control, won't be free to do so. In order to conduct a modern war, all states need to place large parts of their economies on a war-footing and requisition industries for defence (eg., iirc, 40% of the UA economy is now on defence). Since BTC isnt a currency, trading with it has little impact on any state; it might as well be old bottles of wine. If it were to ever gain this status, and companies during a war were meaningfully offering their services in it, that would severly interfere with a state's ability to operate. This just won't happen. It's absurd even to imagine it. If the libertarian problem with the state is how it uses its overwhelming legal, political, social etc. power to mismanage and economy and force people into capital controls etc... it's the dumbest thing in the world to suppose that by having people install a database, you've somehow undermined the state's ability to act. |
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