Ulbricht built the Silk Road marketplace from nothing, pursuing both a political dream and his own self-interest. However, in making a market he found himself building a micro-state, with increasing levels of bureaucracy and rule‑enforcement and, eventually, the threat of violence against the most dangerous rule‑breakers. Trying to build Galt’s Gulch, he ended up reconstructing Hobbes’s Leviathan; he became the very thing he was trying to escape. But this should not have been a surprise.
Saturday, February 21, 2015
Dark Leviathan [link fixed]: The Silk Road might have started as a libertarian experiment, but it was doomed to end as a fiefdom run by pirate kings.