Credit is and will remain crucial to our economy, but it always implies the possibility of default. Counterparty risk is an unavoidable part of credit, and makes it a less secure basis for a monetary system than a well-implemented and trust-minimized cryptocurrency.https://twitter.com/izakaminska/status/950820062927212545 …
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If you are bound to every agreement you ever make, and can never adjust or default, you are effectively enslaved by your own pre-commitments irrespective of how relative circumstances or values can change.
Cryptocurrency of course does not make you "bound to every agreement you ever make", nor would such a fantastic state of affairs be more like slavery than taxes, the draft, or any other major coercive or quasi-coercive aspect of human existence. Stop making stuff up.
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It does on a secondary level. I can say the same for you. The fact that you can't perceive the system for the much larger thing it is, is unfortunate.
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