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41 sats \ 0 replies \ @Solomonsatoshi 15h \ on: A Cypherpunk Disagreement That Lives On Politics_And_Law
Contracts and cooperation between people is fundamental to human nature and economic activity.
Combined with communication which enables them it is what drives progress and the economy.
Governments provide the rule of law, power projection and self proclaimed monopoly on use of force which enforces these contracts and protocols.
Hyperbitcoinisation might (or might not) reduce the power of governments and financial intermediaries but unless or until we can eat elections it cannot eliminate the crucial role of governments in determining the wealth and security of nations and their citizens.