17 Dec
2003
17 Dec
'03
6:17 p.m.
We _had_ economic cryptoanarchy several centuries ago, with respect to unpredictable, but expected risks in merchant shipping. A bunch of them thar crypro-anarchists were the ones who invented modern insurance, in the manifestation of Lloyds of London. If you want to convince the masses - or even fashion elites such as myself - to forego recourse to voluntary risk sharing.... you have your work cut out for you.