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Introduction
I don't think bid coin extinguishes the state. Because although it is a monetary property right, independent of coercion and violence,. We're still left with all the physical property rights and our own physical person ad we need physical security and physical reality. So my general thought here, somewhat inspired by hoppe's democracy, the god that failed, is that bitcoin ends up being this economic limiting factor on state overgrowth - let's say. And maybe we end up liken the distant long game here, back in a more monarchical type governants model where the tax base supports a more localized, more regionalized body of government.