The situation reminds me a bit of Robert Nozick's Anarchy, State, and Utopia. It's a great bit of political philosophy where he argues pretty convincingly that an anarchist society cannot exist for any appreciable length of time. Because the arrangement is fundamentally unstable, and will inevitably be replaced by certain minimal set of social mechanisms in response to some basic social forces. Those mechanisms are, collectively, things that we recognize as basic features of government, such as police and taxation.
Bitcoin strikes me as an experiment to see if the same kind of thing happens in economics. It would seem that it does.
Bitcoin strikes me as an experiment to see if the same kind of thing happens in economics. It would seem that it does.