The New York Times recently featured the latest in blockchain nations, this one based in the state of Nevada. 67,000 acres are being developed next year as an experiment in crypto-inspired governance. It is unclear what legal system will underlie the project. However, many legal transactions will operate on a “distributed collaborative entity,” which is essentially a version of creative common law’s digital network.
This morning, Coindesk ran a familiar story: the conflict of nation-states rendered a particular region in need of stability and organization, so the leaders turned not to another charismatic military leader, but to cryptocurrency.
To be truly free of oppression, a free market of currency that isnt controlled by governments is absolutely necessary. But then the question comes: why not base governance itself on a voluntary decentralized system? This is the case with Rojava:
Serdem said that blockchain could be deployed as a new governance infrastructure that allows for distributed, democratic control and a high level of transparency….
Serdem emphasized that such change will be achieved not by violent measures, but by demonstrating to the world that another system is possible – one that operates in tandem with ecology, autonomy and self-administration.
“We do not use the force to develop this idea, it’s about evolution,” Serdem said.
Stephan Kinsella (LL.M. King’s College London-University of London; JD, Paul M. Hebert Law Center, Louisiana State University; MSEE, BSEE, Louisiana State University) is a libertarian writer and patent attorney in Houston. He was previously General Counsel for Applied Optoelectronics, Inc., a partner with Duane Morris, and adjunct law professor at South Texas College of Law.
A leading libertarian legal theorist, he is founder and Director of the Center of the Study of Innovative Freedom and the founder and Executive Editor of Libertarian Papers. His numerous publications include Against Intellectual Property (Mises Institute, 2008), International Investment, Political Risk, and Dispute Resolution: A Practitioner’s Guide (Oxford University Press, 2005; 2d ed. forthcoming 2019), and the forthcoming Law in a Libertarian World: Legal Foundations of a Free Society.