pull down to refresh
Yes, I originally clicked on the article link hoping for a bit more of a reasoned argument or evidence or something. His evidence was mostly that the state hasn't disappeared yet.
reply
That said, it would be nice to solve the problem of the state cutting an entire country's internet.
reply
reply
Why wasn't it? Or, were there people with StarLink in Iran during the blackout?
reply
reply
That makes it a great example of this problem, actually.
cool formula.
Bitcoin gets used by 1% of the population, entirely and properly by maybe 0.1%. State immediately withers away.
eeeeh, what.
reply
But what if the state sets off a global EMP? Good luck with your bitcoin then, dork!
It's rather ironic for someone at the Mises Institute to be flirting with the Nirvana Fallacy. No, bitcoin isn't a magic bullet that instantly solves every problem related to state aggression. It is still relevant that it's harder to separate a person from their bitcoin than any other money in existence and also more difficult to stop them from transacting with it.