Bitcoin Forum

One of the potential applications cryptocurrencies can bring in the future are non-monopolistic, open-source, and largely algorithmic governments. These governments will be transparent, inexpensive to operate, and efficiently serve the interests of its tax payers. This is what I see as a realistic possible scenario for an an-cap society. The reason behind the open-source and algorithmic nature is that new governments must be inexpensive to create, in order to keep the threat of competitors keep dominant governments honest. Otherwise, an anarchist society may evolve into an oligarchy or monopoly as we have today. Bitcoin will be used for voluntary tax revenue in any potential services this startup government can think to provide.

https://github.com/mrkent/open-government

The idea of algo gov is interesting, but connection to Markov chains is not clear.

X

Love this concept -- how do you handle the idea of the tyranny of the majority in this model?

The Markov chains are just a simple model to describe the life cycles of government regimes. We as a society want to stay in the low number states as much as possible.


Tyranny of the majority is handled by simply moving to a different government, creating a new one, being a part of several that serve your interests, or not being a citizen of any.