Especially with respect to bitcoin. The main problem with the black market, as I see it, is that it does not have the protection of the rule of law. In the black market, there is very little protection against fraud. Sooner or later, the swindlers move in and screw it up for everybody. Furthermore, in a black market, you cannot leverage capital. Thus, long term, expensive projects cannot take place. This seems to be the major problem in many third world countries, where much of the economy is in a kind of "grey" market.
However, I disagree with Rothbard that political change is the only way forward. Political action can be useful, but only as a means towards education, not as a means to grasp power. Political action can be useful, as long as it does not eclipse other forms of education.
“With laws shall our land be built up, but with lawlessness laid waste.”
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