Wendy McElroy: Avoiding Fraud by Going Crypto-Anarchist

The Satoshi Revolution: A Revolution of Rising Expectations Section 5: Saving the World Through Anarchism Chapter 11, Part 8 Avoiding Fraud By Going A transfer on the blockchain is a simplistic peer-to-peer contract, which memorializes the terms for those involved and is seen to be valid by the surrounding community through transparency. It is a voluntary exchange. The blockchain is also an instrument of enforcement that embodies the terms of execution, such as irreversibility, to which both parties have agreed; their agreement is expressed through the willingness to use the blockchain. Thus the blockchain expresses both requirements of libertarian law; it facilitates voluntary interaction and it acts as an instrument of enforcement.–Wendy McElroy, “Don’t Smash the State, Bypass the State”The late Samuel E. Konkin III (SEK3), the father of agorism and an old drinking buddy of mine, used to answer his telephone with the salutation “Smash the State.” And, yet, his lifestyle did not include direct confrontations with authority. Whenever possible, SEK3 avoided or replaced the state in his daily life, because he knew that the most effective way to smash the state was to render it irrelevant. His lasting legacy to anarchist theory: Agorism is a peaceful revolution that is achieved by counter-economics, which SEK3 defined as “the study or practice of all peaceful human action which is forbidden by the State.” Counter-economics is a black market version of Ludwig von Mises’s praxeology—the study of human action that flaunts the state.

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