The parallel economy's money and communication layers both work. What remains is credit, and the engineering challenge is specific: peer-to-peer instruments tied to real commerce, endorsed by merchant...

Collateralized bitcoin lending does exist, but it requires locking up more capital than you borrow, which defeats the purpose for a producer who needs credit precisely because her capital is insuffici...

Every argument above shares one structural flaw: the enforcement mechanism always costs more than the problem it solves. The cost is paid by the innocent. Arguments in favor of ending anonymity often ...