it’s the ability to voluntarily provide goods and services to my fellow humans in exchange for other goods or services, preferably money in the form of bitcoin so that i’m not dependent on trusted parties for its safekeeping or the preservation of its purchasing power.

regulations can also be voluntary such that the providers and consumers of a service can agree to be bound by certain principles and enforcement mechanisms, which already happens today albeit not entirely free of the state. see saifedean’s recent pod re: law & order in free markets.