[immibis]

And the Bitcoin blockchain is just another state, with just another monetary system, which you can diversify into or not, and it can fail or not.

[lottin]

A blockchain is not a state. A state is a political entity that rules a territory through the monopoly of violence.

[immibis]

https://write.as/no-time-like-tomorrow/a-blockchain-is-a-sta...

[lottin]

Sorry to say, but you're deluded. A blockchain is made of "information". Information has no coercive power. A blockchain can't enforce laws. It can't stop illegitimate violence. It can't perform any of the functions of a state. Not even remotely.