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RE: Where and Why Blockchains and Law Intersect

in #essay7 years ago

Perception of legitimacy is the state's only power.

The use of force is actually the state's main power. With regards legitimacy, one hand washes the other here. It's not so long ago that legitimacy was clearly defined in terms of physical power.

(Just adding this here even though I engaged with you in my own comment, as it's a strong statement.)