Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

They don't take their idea far enough.

You can remove representational democracy and voting from the core. Instead replacing it with independent policymaking and voluntary agreements of smart contracts, you implicitly 'vote' by your use of a contract. Common Law in a real sense becomes the most popular contracts for any given period.

One-size-fits all policies won't be a thing in the future and we will have very different cultures operating under very different laws occupying the same physical space.

It's not about utopia but it certainly makes things far more liquid, transparent and cryptographically secure (unbreakable promises). It opens governance right up for innovation so we can at least iterate faster in a voluntary manner.



Perhaps this is true but when one Buffet, Walton, Gate, or Adelson controls about as much of the pie as a hundred million people I can almost guarantee no one will really like the results.

67 people own as much as 3.5 billion people at this point [0] (and that's Forbes saying that). I think that would be the greatest barrier to pure Libertarianism being a positive contribution towards humanity.

[0] - http://www.forbes.com/sites/forbesinsights/2014/03/25/the-67...


This line of thinking does not only apply to a Libertarian form of government (or lack thereof). Influential and wealthy individuals control power, and I think it's incredibly naive to think that Democracy or any other form of government out there is completely immune to that.

Note how I don't single-out wealthy individuals. Our society is run by influential people, the kind that can sway opinion through oration and manipulation. They will simply convince more people to use their single, noble vote on what they want.


Certainly, I never made point otherwise.


And what happens when one party fails to honor the contract? Is it up to everyone to enforce their own contracts?


The sky is the limit implementation-wise. Put yourself in their shoes, as an engineer/problem-solver, and see if you can figure it out in a decent manner.

Personally, I'm partial to this concept being a good solution to the problem: https://en.wikipedia.org/wiki/Dispute_resolution_organizatio...




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: