Satoshi Nakamoto said Bitcoin would be “very attractive to the libertarian viewpoint”. The pioneers of cryptocurrencies were cypherpunks or crypto-anarchists who wanted to use this new invention to escape the state’s monopoly on money.
We’re sympathetic to this — as we argued in our last Medium essay ‘Byzantine Political Economy’.
But the state is not so easy to escape.
Not only are there many blockchain use-cases for government, but it is possible that positive government action could help the blockchain revolution along.
… and it just keeps getting better from there. My RMIT colleagues Chris Berg, Jason Potts and I have another essay up at Medium on promise of blockchain technology.