That's economics' second-biggest flaw. Its biggest flaw is its habit of assuming away coercion (in politics, foreign affairs and trade, immigration, law, crime, etc.) and security and yet pretending that its results are universal or readily applicable in coercive situations.https://twitter.com/EconTalker/status/1098641809608269824 …
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Barrel of gun is inherently NOT part of Bitcoin’s design absolutely unique paradigm With no precedence The potential upside for humanity Versus Bitcoin’s collapse worth all our time/efforts Yet Barrel of gun part of all other Econo systems around Will have to deal with that
A gun can help with the key management, but generally speaking yes, Bitcoin greatly reduces the amount of coercion involved in a monetary system.
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Bitcoin is a Trust minimized & Violence minimized Economic system (Violence is key to life So cannot be completely eliminated)
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