memex/inbox/notes/what-will-rule-of-law-under-bitcoin-look-like-for-the-rest-of-us.org

What will rule of law under Bitcoin look like for the rest of us?

• Several writers, including Aaron Daniel showed that a move towards a world where Bitcoin is more prevalent as a seizure resistant store of value will mean decreased due process and increased coercion.
• This will go to an extreme in places where rule of law is already weak (possibly everywhere outside today's OECD borders). In addition to weakened tax revenue, possibly pushing towards a shift to land value taxation, local civil law, particularly contract law, will erode as people will entrust the Bitcoin network to settle contacts more that local civil courts.
• As coercion on a person's body and real estate become the dominant form of enforcement in many jurisdictions covering vast areas and populations, people are expeted to move more, towards better civil liberties
• The extreme of this line of thinking is in space, where enforcement on a person's body or real estate becomes near impossible due to the very high cost of space invasion (reference to Isaac Arthur's argument here), leaving only all-or-nothing destructive use of violence. Space will give people a chance for true anarchy.

Several writers, including Aaron Daniel showed that a move towards a world where Bitcoin is more prevalent as a seizure resistant store of value will mean decreased due process and increased coercion.

This will go to an extreme in places where rule of law is already weak (possibly everywhere outside today's OECD borders). In addition to weakened tax revenue, possibly pushing towards a shift to land value taxation, local civil law, particularly contract law, will erode as people will entrust the Bitcoin network to settle contacts more that local civil courts.

As coercion on a person's body and real estate become the dominant form of enforcement in many jurisdictions covering vast areas and populations, people are expeted to move more, towards better civil liberties

The extreme of this line of thinking is in space, where enforcement on a person's body or real estate becomes near impossible due to the very high cost of space invasion (reference to Isaac Arthur's argument here), leaving only all-or-nothing destructive use of violence. Space will give people a chance for true anarchy.