Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
Crypto anarchism is a branch of anarchism that embraces crypto-currencies and cryptography to create a more secure and private society. Crypto anarchists believe that the state as it is currently conceived impedes the development of a "free" society — and that the presence of states in capitalist societies results in a system of coercion. They advocate for the abolition of centralized states and the importance of private property and contractual agreements in the economic system.
Crypto anarchists believe that crypto-currencies and cryptography can create a more secure and private society, free from the coercion of states. Using crypto-currencies like Bitcoin can avoid tracking by governments and financial institutions.
Crypto anarchism is a political philosophy that maintains that the free market is the cornerstone of a truly free society. Anarcho-capitalists hope that the means of production should be privately owned and work and commodities should be systematized through the system of wage labor. In this system, private agencies would compete to provide contract enforcement and resolution services instead of the state. This way, people would engage with each other through contractual agreements without government interference or control.
Anarcho-capitalists believe that the concept of original appropriation allows any individual to claim an absolute right of ownership over any unused resource. They also believe in the principle of self-ownership, which gives individuals fundamental rights over their own bodies. Blockchain-based technologies are seen to solve practical problems related to anarcho-capitalism. These technologies provide immutable and publicly available records of identity and contractual obligations. There have been small-scale experiments in creating anarcho-capitalist societies, the most notable being Liberstad Drift Assosciation, a private city-society in Norway founded in 2015.