No. It consists of that against the background understanding that parties cannot say " well I don't want to pay y, so I will kill you and take x." And in every extant example of a sophisticated economy, that understanding is enforced by a government that has guns. One can imagine scenarios in which that "all-knowing third party" does not exist, but I imagine if it were such a good idea it'd exist somewhere.
Once the people come together to create that third party that has the guns that creates the background understandings that allow economies to exist, then they are entitled to say: "well what else do we want?"
I don't say the folks with guns can't do constructive things to improve trade. They can. But they don't create that understanding you're talking about.
Again, the understanding you're talking about doesn't come from the sovereign.
As for Bitcoin networks being hacked that is a red herring as we often hear of non-black market sites being hacked--even with the all mighty government protection.
Can you cite me one example of this happening?
The economy is an inanimate abstract. It does not strive for anything. It is not interested in anyone's perception of what is fair any more than my phone is interested in vulgar language.
The economy consists of billions of individuals getting together and saying "I have x to offer, I want y". To try to force some idea of justice, morality, fairness, equality, etc. into this equation is to say individuals do not have the right of free association; that they, the simpletons they surely are, are not smart enough to choose for themselves and judgement must be deferred to some all-knowing third-party.
Please, just don't.