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RE: Cryptocurrencies Are Blowing Central Banks Out Of The Water - with Jeff Berwick

in #money8 years ago

Who is the centralized authority regarding the Internet?

With privatization comes choices and competition, with central planning and control come monoplies.

A voluntary society wouldnt be one without challenges it would be one without the imagined legitimacy of a forceful governing body.

If you fear that people cannot govern themselves what makes you think they can effectively govern others? Or select someone else to govern them?

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@ truth-be-told

Here is one example of the superiority of privately funded services for something as far fetched as crimen prevention and policing in the city of detroit.

This is classic. Great example of how it works. Attitudes, assumptions, preconceived notions, speech patterns all influence outcomes.

You're forgetting how we get internet. AT&T & Verizon? Not much competition there. I've even heard them talk about how they split up territory. Either way you'll risk something.

No I Haven't forgotten how we get the intermet.

Basically most arguments against decentralization and a stateless society are the fear that we would end up with something exactly like a state.

I don't know of anyone who thinks risk would leave the equation without the force of government's monopoly.

I'm just considering accountability. Private industries don't have to be accountable to anyone because the response has always been find a different company. My main concern is that, monopolies and who pays for what. I'm all for decentralization if it cuts down on what the government chooses to involve itself in unnecessarily. But where is the line where it goes too far?

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