Poisonous little toads like Cobbie @CobraBitcoin, love to be about how bitcoin will destroy the state, crush banks etc.
The reality is Bitcoin is a global payment system. It is NOT anarchist and is not going to destroy banks.
Banks have a role. Bitcoin does not replace this.
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Bitcoin does open international trade. Bitcoin does bring a means to save to billions who are out of the modern banking and financial system. Bitcoin does limit inflation and create an immutable ledger It even makes banks more efficient and allows wider adoption
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Bitcoin brings freedom if we allow it. Freedom is not anarchist. It involves order, police, property etc. Sorry. If you want to destroy everything... Bitcoin, any cryptocurrency is the wrong thing for you.
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Replying to @ProfFaustus
Anarchism also includes order, police, and property... just handled by market actors rather than a monopoly State.
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Replying to @ErikVoorhees
And if you believe that.. You are dumber than I imagine Yes, if you want a state with the rich safe, the poor enslaved. Go hunger games... That is the result
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which reminds of this classic riff from @leashless - [Extended Version] - [Bitcoin] Cannot be divorced from pre-existing political Theory
https://youtu.be/YaaknMDbQGc
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From March 2014. Long eyes.
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