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Cake day: April 11th, 2024

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  • 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.