explodicle

Link please! I'm very skeptical but hope to be wrong.

Let's say I open a factory and issue shares on Ethereum. Then for whatever reason a judge orders the company to give up some shares. The shareholders, safely in cypherspace, ignore that court order. And then the state seizes the whole factory. In practice the original shares no longer mean anything.

What do you mean by honest in this context? Both Bitcoin and Monero prevent bailouts, they're FOSS, and they've been working smoothly for years.

If your organization is decentralized, then its assets can't be seized by a court order. For example, darknet market admins (arbitrators) and their drug dealers don't even know who each other are. They've had a polycentric legal system for years.

But corporate stock remains centralized. They have a known headquarters with a known board of trustees. Their assets aren't carried on-chain; only some guy's promise to those assets.

My point is that an anarchist economy needs to be built from the ground up, circumventing the state's legal system. Slapping a blockchain on top of an already centralized system won't make it decentralized and thus provides no benefit.

You're talking about real-world assets carried on-chain, right? Bitcoin has supported this for a very very long time.

Literally every cryptocurrency supports this. But if the real world assets can be seized with a court order, then what's the point of a blockchain and not just a legally compliant database?

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

It was made for me! This is my fig!

This one doesn't either, it's just a ghost.

Easy, it's next quarter's problem.

TIL. I got an unexplained bidet addressed to me once, and concluded my spouse was trying to drop a hint.