RATE Group | Wendy McElroy: Avoiding Fraud by Going Crypto-Anarchist
52015
post-template-default,single,single-post,postid-52015,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Wendy McElroy: Avoiding Fraud by Going Crypto-Anarchist

08 Dec Wendy McElroy: Avoiding Fraud by Going Crypto-Anarchist

Posted at 21:01h in Bitcoin News by

[ad_1]

Wendy McElroy: Avoiding Fraud by Going Crypto-Anarchist

Featured

The Satoshi Revolution: A Revolution of Rising Expectations
Section 5: Saving the World Through Anarchism
Chapter 11, Part 8
Avoiding Fraud By Going Crypto-Anarchist

A transfer on the blockchain is a simplistic peer-to-peer contract, which memorializes the terms for those involved and is seen to be valid by the surrounding community through transparency. It is a voluntary exchange. The blockchain is also an instrument of enforcement that embodies the terms of execution, such as irreversibility, to which both parties have agreed; their agreement is expressed through the willingness to use the blockchain. Thus the blockchain expresses both requirements of libertarian law; it facilitates voluntary interaction and it acts as an instrument of enforcement.

Source link

Tags:
, , , ,