"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Patrick Byrne and the Blockchain
Submitted by Westernerd on Thu, 2015-06-25 03:00
The blockchain allows parties to exchange without first having to establish trust with each other, and without having to rely on legal authorities for enforcement. Naturally, this has implications for the usefulness of state authorities in regulating exchange.
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