I'm getting too tired to wrap my head around this tonight, but my first reaction is that this is way to complicated to work in practice. Why is everyone just magically insured? Like how do we go from here to there? How do I know what level of insurance I need to go where, if each individual property owner can require that of me independently? How do they know what level of insurance I have, and how can they detect fraud? Isn't the arbitration just a court system? So then how to fund that without preventing thugs from free riding knowing that if it is underfunded they can steal stuff again? A dollar spent on private enforcement protecting my property would be a better use of my funds than funding arbitrators. So reverse tragedy of the commons again, until it all falls apart when you can't protect your basic stuff.
No, just say existing bondholders aren't getting anything above 2%. Then the interest expense goes to very low. Then cut spending so it's 100% funded through tax receipts. No additional debt issuance necessary.
So maybe likely in the next few years then
Thank you tesla liberty for following me. I hope your battery forever stays charged
Feels like it
I always do that. Most people laugh at me or think I'm an idiot because they can't see what I can see
Like if you murder someone you prob going to prison. So the police come and arrest you and take you away
So who enforces that, if not a centralised authority, if someone kills someone else
You started this convo saying you'd prefer barbarians raiding ancient rome to the roman state. So not a straw man- literal reality for hundreds of years. And yes, one solution is to have nothing to be stolen. Have fun with that freedom. Maybe you can find a cave to live in no one wants to take from you. Not sure a drone swarm will be viable in a world where there are no preemptive centralised rules against violence. A helmet might work, but the thugs might have bats?
So some thug comes up behind you and knocks you out and takes your stuff. How do you decend against that?
How do we protect private property or personal safety in anarchy? You can have all the bitcoin in the world but doesn't do you much good if thugs kick you around
Maybe that's just it. Is it better to have an imperfect state or anarchy
Drive safe
Fuck primal: real*
Phone relationships are not teal relationships. If you really beer that person they not gonna help you
THANK YOU NOISEVAULT FOR FOLLOWING ME
It's fun when you say something kinda technical to someone and when they lazily say 'what is that' expecting you to dumb it down so they don't have to think and instead you make it even more technical😆