[ancap]

That's beside the point. You stated without government the "framework of trade [will] break down". On the contrary, even after scandals and shutdown markets, new markets pop up and, incredibly, people continue to use them.

As for Bitcoin networks being hacked that is a red herring as we often hear of non-black market sites being hacked--even with the all mighty government protection.

[rayiner]

Even with the black market, government provides a backdrop of expectations. Murderers are still prosecuted even if the murder happened in a black market trade. I'm talking about a situation where there is no disincentive to use force, e.g. a place like Somalia or rural Pakistan.