Cowboy Bill on Nostr: ```"I am fascinated by Tim May's crypto-anarchy. Unlike the communities traditionally ...

```"I am fascinated by Tim May's crypto-anarchy. Unlike the communities
traditionally associated with the word "anarchy", in a crypto-anarchy the
government is not temporarily destroyed but permanently forbidden and
permanently unnecessary. It's a community where the threat of violence is
impotent because violence is impossible, and violence is impossible
because its participants cannot be linked to their true names or physical
locations.

Until now it's not clear, even theoretically, how such a community could
operate. A community is defined by the cooperation of its participants,
and efficient cooperation requires a medium of exchange (money) and a way
to enforce contracts. Traditionally these services have been provided by
the government or government sponsored institutions and only to legal
entities." Wei Dei (b-money, 1998)```