alt Hacker News> They are also extremely anti-authority
Alright we will see how long that lasts. If they want to enforce their “contracts” they will need a court (i.e. an authority) to order the opposite party to abide by their contract and if they don’t, police (i.e. an authority) will force them to court and enforce what the court says.
The idea with crypto is not to need courts, the court would be the "global computer", contracts (actual cryptocurrency term) are computer programs running in the Ethereum VM.
Bitcoin originally imposed this idea on payments, and Ethereum attempts to create this computational contract system for the non monetary consideration of contracts (the harder half of the contract).