I often have these debates with the bitcoin community about whether you can really have money without government. Let’s not call it money without government even, let’s just focus upon the question of whether you can have value exchanges that are unregulated.
The main protagonists for bitcoin continually tell me this is the reality. They then hate it when I tell them it’s a fallacy, and that bitcoin will become regulated as a value transfer mechanism in the same way as anything else, over time.
They call me a statist – someone who believes you have to ask the government if it’s ok before you do anything – and that I don’t believe in their dream of free agents operating a free market economy on a globalised basis through the net. And they’re right. I don’t believe their dream.