The finer points of what will be tolerated will be determined by the market. Supply and demand for protection.

There are no absolute rules, as with the state, but an ever changing marketplace of social custom based on aggregates of peoples values.

"Should" spitting on someones lawn be punishable? Depends how much people hate people spitting on their law and what their willing to pay to stop it. It also depends on how much people like spitting on peoples lawns and how much their willing to pay for that privilege. The market will clear and an appropriate level of enforcement will emerge.

This may scare you, but what should scare you is the arbitrary and indiscriminate club of state law.

So, in short, we don't know what the rules the market will eventually settle on. We just know they will be sane and based on societies values.

Really, it's a society of people who don't believe in the state, or who universalise the non-aggression principal. The absence of a centralised coercive monopoly follows from that.

Of course it would work. :-)

...and a great deal less theft, though inflation, to fund wars.

uh... don't tell Adria Richards.

The problem with a fixed money supply is that if the economy grows too fast, it won't grow very fast. Because interest rates.

Trololololo

Have you considered the consequences of draining an extra trillion $ out of the economy?

Have you considered that the government largely causes poverty, is terrible at educating children and is the most environmentally destructive force on the planet?

Just curious. What exactly is this supposed to achieve?

Yep. I share this perspective. I think the set of people, computers and communication networks on this planet represent a sentient being, which is evolving, learning, growing.

Every time I see this, it's never followed up with an argument.

Hmm... I hadn't read this.

So if I trade bitcoins for dollars, I'm a "money transmitter", but if I trade bitcoins for goods and services, I'm not.

So I have 1BTC and you have a dollar and we want to trade, why can't I just sell you my phone for $100 and then you buy a phone off me for 1BTC? We have just effectively traded currency, without being money transmitters. Absurd!?

How much resources are banks using for their payment network/branches/staff/buildings/computers? Bitcoin will replace this.

When the block reward goes to zero, the cost of the network will be the sum of all fees paid. So if people pay 0.01cent fees on transactions, that's the cost of all energy that will be used.

Do you have $1000?

I'm saying that we shouldn't conflate days and years at all. If you want to measure seasons, divide the year into 4 quarters. Why do we need March and August?

We can have a "days" calendar: no. days since Jan 01 0000.

A "years" calendar: no. years since Jan 01 0000.

A "months" calendar: no of moon-rotations since Jan 01 0000.

Weeks don't line up with years and society still functions.

oh man do I hate this concept! it really makes various computer systems way more complicated than they need to be. As a software engineer, it offends me.

If you want to experience more daylight, GET UP EARLIER (or later)! Don't shift the metric, that's fucking ridiculous!

It's like measuring your living room for a new couch and realising it doesn't fit by an inch. So what you do is just start measuring an inch past the wall, yay fits now!

also: leap years. The rotation of the earth on it's axis does NOT line up with the rotation around the sun! Stop pretending that it does. Days are days and years are years.

Miners will ultimately have to deal with the resources consumed by tx spam. All they have to do is raise the fee for spamy transactions, if they are making a loss on them.