Found in 1 comment on Hacker News
dmix · 2013-10-13 · Original thread
I first read about "Assassination Markets" in this brilliant book, that delves into the old 90s cypherpunks mailing list (members which included Julian Assange and most likely the creator of Bitcoin, Satoshi):

http://www.amazon.com/Machine-Kills-Secrets-EmpowerWhistlebl...

I still haven't read this full article, mostly just a summary, so here are my rough thoughts:

It seems like something straight out of an idealistic anarcho-capitalist society, but it seems to be dangerously crossing the line out of "non-aggression" and from skimming the article, seems full of flaws. For example:

> Satisfying as it might be to declare war on asinine pop singers, Bell has a more civic-minded suggestion: Let's kill all the car thieves. He reasons that a very small number of career criminals are responsible for nearly all car thefts. If one million car owners in a given metropolitan area contributed just four dollars a year, it would create $10,000 a day in "prize money" for the "predictor" of any car thief's death.

Is preventing property theft really worth killing a bunch of petty criminals? I highly doubt it. This tough-love approach to preventing crime (especially to this extreme) has been a complete failure in the USA (see their full prison system or the war on drugs).

I'm all for preventative self-defense, but most of this enforcement bulldozes over root causes of issues (socio-economic, mental illness, etc). The goal should be compensating victims (ala https://en.wikipedia.org/wiki/Restorative_justice) and long-term solutions, not creating some esoteric possibility of safety/morality via threat of violence.

Not only that, and just google "wrongful convictions" or "wrongful convictions death penalty". Accuracy of information needs strong information systems and due process (maybe the article discusses this?) but just having target lists + bets is wildly insufficient.

There has also been a lot of literature against private law enforcement (counter to many anarcho ideologies) such as by Novick in his book "Anarchy, State, and Utopia":

http://www.amazon.com/Anarchy-State-Utopia-Robert-Nozick/dp/...

> TLDR: Protective agencies (judges/police) would be competing against each other. That competitive nature combined with their intended role of protecting us (and themselves) would lead to "an endless series of acts of retaliation and exactation of compensations". Also he demonstrates why the nature of both of the businesses would already create natural monopolies in each local jurisdiction.

So even though I personally lean towards libertarian/decentralized ideas, public courts/judges is likely still the best solution and anonymous assassination marketplaces sounds dangerously flawed.

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