The Critical Importance Of Cryptocurrencies - What's your take?

[jonald_fyookball]

Eventually, many police and military will quit and join private services to get paid in crypto, and then you can kiss government goodbye forever.

Government is needed in some form to protect individual rights ( The only valid purpose of government)

Otherwise you will have anarchy.

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[cryptoanarchist]

Eventually, many police and military will quit and join private services to get paid in crypto, and then you can kiss government goodbye forever.

Government is needed in some form to protect individual rights ( The only valid purpose of government)

Otherwise you will have anarchy.

Governments have an extremely poor track record of protecting rights. They have a great track record of death and destruction and violating people's rights.

You have a lot to learn.

[Crindon]

Bitcoin can solve a lot of problems that protects the seller on eBay, but it has larger implications in anonymity and protection of private information from merchants.

[jonald_fyookball]

Eventually, many police and military will quit and join private services to get paid in crypto, and then you can kiss government goodbye forever.

Government is needed in some form to protect individual rights ( The only valid purpose of government)

Otherwise you will have anarchy.

Governments have an extremely poor track record of protecting rights. They have a great track record of death and destruction and violating people's rights.

You have a lot to learn.

I never said government was doing a great job.
I said its needed in some form to avoid anarchy. 
Apparently you disagree and advocate anarchy,
judging by your remarks and username.   Cool, whatever...

[jbreher]

Government is needed in some form to protect individual rights ( The only valid purpose of government)

Otherwise you will have anarchy.

Truly, government is the biggest killer.

And anarchy is quite literally nothing but 'absence of any ruler'. That does not seem so bad.

[jonald_fyookball]

Government is needed in some form to protect individual rights ( The only valid purpose of government)

Otherwise you will have anarchy.

Truly, government is the biggest killer.

And anarchy is quite literally nothing but 'absence of any ruler'. That does not seem so bad.

yes government is biggest killer.

however it is not hard to see that anarchy can't last long.
quickly turns to mob rule and then you have a new ruler.
So, the rule of law isn't a bad thing in of itself.

[teukon]

From the blog:

However, there has been a fundamental flaw in our systems of commerce since inception – the privileged few exercising control over the most basic needs of the rest of us. We all know that this doesn’t work, but why is that so?

(emphasis mine)

I don't.  In fact, I think that it does work.

[teukon]

however it is not hard to see that anarchy can't last long.
quickly turns to mob rule and then you have a new ruler.

I find that very hard to see.

In fact, the argument reminds me of: "Bitcoins might have value today, but they can't have value for very long.  Soon enough, everyone will want to sell and then bitcoins will become worthless."

[jonald_fyookball]

however it is not hard to see that anarchy can't last long.
quickly turns to mob rule and then you have a new ruler.

I find that very hard to see.

In fact, the argument reminds me of: "Bitcoins might have value today, but they can't have value for very long.  Soon enough, everyone will want to sell and then bitcoins will become worthless."

The bitcoin argument you just posted is baseless and has nothing to do with
my point.  There is a reason why anarchy doesn't work and it's
because the power hungry turn to violence and organized crime.

Nature abhors a vacuum. 

If you find that hard to see, just look at places like Detroit where
gang activity is on the rise.

I'm not saying communities can't organize and protect themselves from gangs,
But then what you have is essentially local government...not anarchy.

[teukon]

however it is not hard to see that anarchy can't last long.
quickly turns to mob rule and then you have a new ruler.

I find that very hard to see.

In fact, the argument reminds me of: "Bitcoins might have value today, but they can't have value for very long.  Soon enough, everyone will want to sell and then bitcoins will become worthless."

The bitcoin argument you just posted is baseless and has nothing to do with
my point. There is a reason why anarchy doesn't work and it's
because the power hungry turn to violence and organized crime.

Nature abhors a vacuum.  

If you find that hard to see, just look at places like Detroit where
gang activity is on the rise.

I'm not saying communities can't organize and protect themselves from gangs,
But then what you have is essentially local government...not anarchy.

All you've successfully managed to argue here is that I should add you to my ignore list.

[Ikron]

I like the idea that the cryptocurrency is decentralised. I think the real problem is that it might take a while for the mainstream society to adopt the benefits. I feel that mainstream media hates anything that is not under their control. I would literally waste time arguing to my family that Bitcoin is not "dead" nor "bankrupt" nor "worthless" out in the public. 

[Beliathon]

It's nothing short of epochal shift that's taking place.  And it can't be stopped.

This person speaks wisely, and displays great foresight.

[jonald_fyookball]

however it is not hard to see that anarchy can't last long.
quickly turns to mob rule and then you have a new ruler.

I find that very hard to see.

In fact, the argument reminds me of: "Bitcoins might have value today, but they can't have value for very long.  Soon enough, everyone will want to sell and then bitcoins will become worthless."

The bitcoin argument you just posted is baseless and has nothing to do with
my point. There is a reason why anarchy doesn't work and it's
because the power hungry turn to violence and organized crime.

Nature abhors a vacuum.  

If you find that hard to see, just look at places like Detroit where
gang activity is on the rise.

I'm not saying communities can't organize and protect themselves from gangs,
But then what you have is essentially local government...not anarchy.

All you've successfully managed to argue here is that I should add you to my ignore list.

   
In a lawless society, how long do you think it would be before you
get a nice visit from goons selling "protection services"?   I'd love
to hear your answer to that, Mr. anarchist.

 

[AltcoinAuthority]

Very good discussion going on here, this is a topic that affects us all.

[jonald_fyookball]

Very good discussion going on here, this is a topic that affects us all.

cant tell if that is sarcasm

[Beliathon]

In a lawless society, how long do you think it would be before you
get a nice visit from goons selling "protection services"?   I'd love to hear your answer to that, Mr. anarchist.

"The measure of the state’s success is that the word anarchy frightens people, while the word state does not. We are like those African slaves who believe that their master is their benefactor, or those Russians who still believe that Stalin was their guardian."
-Joseph Sobran

[nazban]

I'm a crypto fan and would love for it to work out and grow huge and develop new ideas that can help the world. Let's be honest for a second, almost everything crypto is shady, unprofessional and most of all has a huge barrier to entry on newbs because almost everything related is a scam. It's very hard to find real professional websites and networks that stay working, are stable and don't go down often. Crypto has brought out all of the worse IT idiots throughout the world and let them loose on projects here.

Granted lots of good things have come and there are some competent secure and stable sites but NOT much at all. Look at BTC $1,000 USD+ per coin now its dropped under $600 but damn that is some money! All I'm trying to say is crypto will NEVER come close to substituting fiat or pass it if we all as a community do not raise our standards and I mean really raise them I feel like its fucking 1999 again with all this unsecured shit and trojans floating at every stop. ALT coins that have malicious code in the wallets and software and are Premined the fact that these even exist here shows that our quality is not even remotely high one bit.

There are a few good trust worthy members here on this forum and not everything is explained as above but the majority is thats our problem. Stay positive keep the good news about crypto alive. The only way crypocurrency will have any importance in our future is letting the new generation have an easy entry because they will be the ones who will build crypto for the future. Easy entry is what crypto lacks but is most important.

[jonald_fyookball]

In a lawless society, how long do you think it would be before you
get a nice visit from goons selling "protection services"?   I'd love to hear your answer to that, Mr. anarchist.

"The measure of the state’s success is that the word anarchy frightens people, while the word state does not. We are like those African slaves who believe that their master is their benefactor, or those Russians who still believe that Stalin was their guardian."
-Joseph Sobran

soooo....just so we're all clear -- you're anti-capitalism and pro-anarchy? 

"When government fears the people, there is liberty. When the people fear the government, there is tyranny." - Thomas Jefferson
"The only justifiable purpose of political institutions is to ensure the unhindered development of the individual." - Albert Einstein

[Beliathon]

soooo....just so we're all clear -- you're anti-capitalism and pro-anarchy?

Yes. I am an anarcho-socialist / libertarian-socialist / social anarchist. Take your pick. Basically, I believe in the inherent goodness of human beings.

I don't believe the warped, ignorant view capitalists take on human nature. They create a brutal system, force all the monkeys into it, and then declare those monkeys brutal. It's circular.

http://www.youtube.com/watch?v=WuiQOhNpJeE

http://www.youtube.com/watch?v=oB9rp_SAp2U

http://www.youtube.com/watch?v=sLCEXtpTNYU

The OP's linked article really hit the nail on the head. As far as I'm concerned cryptocurrency is the most powerful technology for human liberation since the internet.

The importance of this invention cannot possibly be overstated, and its socio-political repercussions will echo through our world for decades to come.

[jonald_fyookball]

Interesting.  I'm not here to bash your view or get into a long debate.

I will just comment that it seems paradoxical to me, because anarchy
means no one should have any rule over anyone else, which
is basically the core principle of laissez-faire capitalism.

At least, we agree on Bitcoin and I appreciate the above comment