Quote from: fcmatt on January 04, 2013, 02:04:14 PM

It is pretty simple to me. I do not want to end up in court or jail.

Isn't that the irony?

The State, which usurps the ability to use violence and intimidation against all others within its given georgraphic area, makes a law which makes an otherwise harmless activity with no victim illegal. This causes dislocations in the economy because of individual human actions. The dislocations create market incentive for entrepreneurs to meet the needs of the market. The greater the dislocations the greater the profit.

With the State nudging its nose into every area of the economy it is only creating more and more dislocations. Creative entrepreneurs are going to be able to make a boatload of money meeting market needs.

For example, look at the problems the State has created, which led to the rise of AirBnB or Uber and is resulting in economic censorship like this in NYC or taxi commission in Chicago?

Now, take a system that makes it so the buyer and seller don't even have a record whereby they could locate the other as it would be hashed and encrypted. But there could still be rating systems and reputation along with dispute resolution via judge.me.

Previously, the market needed to go through banks to settle trade using fiat currency. Cash could only operate to a particular scale but was infeasible in larger amounts as the drug cartels have found out.

But now with Bitcoin being censorship-resistant it is the invisible glue the economy has needed to route around all the governmental economic censorship and maintain the ability to price and settle trade. And there is currently tons of economic censorship which has created huge dislocations and made tons of market opportunity for creative entrepreneurs who figure out ways to route around it. Those who figure out censorship-resistant ways to allow individuals to barter and trade will be rewarded handsomely like Satoshi Dice. And in the process, market needs are met and violence is decreased (with Silk Road there is no turf for dealers to defend and therefore no need for decapitations).