The public ledger is an initiation of force, the difference is that both parties agree that it is pretty objective about its contract whatever the code is meant to do.

You really need to reconsider your whole basis of everything, it just seems like you are trying to hard to re-invent the wheel. Statism is not the problem, and neither is the free market. Whether you are screwed by the free market (conned through some way) or shafted by the government. The only thing we want to do is build a system that prevents as much as possible fraud in an automated manner, so that human action (p2p exchange) between individuals can take place on a much larger scale.