"Will emerging technologies make the state system obsolete? It’s hard to see why not." Yeah, it's hard to see why not if your view of technology is something like that of medieval demonology, which appears to be the thesis of this article. Meanwhile, in reality land, you can make explosives and poison gas out of stuff in your kitchen, automobiles put a ridiculous amount of kinetic energy in the hands of individuals,…
> automobiles put a ridiculous amount of kinetic energy in the hands of individuals, this has been true for 100 years, and somehow "the state system" has done just fine; strengthened even in that period of time. Yep. States figured out how to turn automobiles into tanks, essentially strengthening their power. Yet the article implicitly posits that somehow the same won't happen with microprocessors and nanomachines? T…
Many bitcoin proponents have the same fallacy - i.e. "this is better than banks, therefore banks are obsolete", ignoring the fact that banks will work with new technology as it suits them.