Re: [Cryptography] Krugman blockchain currency skepticism
On Mon, Aug 6, 2018 at 4:11 PM, Benjamin Kreuter <brk7bx@virginia.edu> wrote:
On Mon, 2018-08-06 at 14:11 +0800, jamesd@echeque.com wrote:
As others have asked, what is the problem we want to solve? The beginning of this thread was a proposal that the problem is that the government might target an activist group's finances. Now it sounds like you are talking about the government trying to attack the entire payment system.
That is indeed a valid problem. Among many others in many sectors and applications.
A crypto currency needs to be centerless - it needs to able to survive the seizure of key servers by a hostile powerful party.
True, a properly decentralized cryptocurrency has no such seizable / sueable servers. Decentralization is under attack in more ways than most people realize, not just by the purposeful noise deluge of junk / centralized coins, tokens, ico's... but also by very insidious methods. As an example... https://www.youtube.com/watch?v=UYHFrf5ci_g https://www.youtube.com/watch?v=0BZoKH-hX_o https://www.youtube.com/watch?v=tKYEQVPklLI https://www.youtube.com/results?search_query=bitcoin+censorship https://www.reddit.com/r/BitcoinMarkets/comments/6rxw7k/informative_btc_vs_b... Whether you're a user, code / crypto developer, business, whatever... you need to understand these things and be able to spot them, call them out, and exchange and adopt away from them once they happen. In the cryptocurrency space, there is no birthright, let alone against treason, or any other lesser offense. A bit more from the series... https://www.youtube.com/watch?v=pOZaLbUUZUs https://www.youtube.com/watch?v=rgts1qb0hLY https://www.youtube.com/watch?v=yGrUOLsC9cw
Get back to me when the Internet itself cannot be shut down by the government.
For so long as free speech, encryption, and overlay networks exist, cryptocurrency and the internet cannot be shutdown. If you accept, either personally or as a populace, the shutting of your connection and or the disablement of your crypto, for mere agnostic tool use, and for no provable reason otherwise, then you're fucked. If the Four Hoursemen of the Infocalypse didn't do it already, then the only thing left is a bonafide threat to the existance of government itself... to its taxes collected by force. Once people worldwide start to figure out they can bypass the redundancy, inefficiency, non choice, war, etc of governments by moving their transactions onto the encrypted blockchain networks... that's the last game... you either sheeple out forever into a questionable existance, or make your stand. Don't be a sheeple.. https://www.youtube.com/results?search_query=banks+fear+bitcoin https://www.youtube.com/results?search_query=governments+fear+bitcoin [bcc cypherpunks]
On Mon, Aug 6, 2018 at 4:11 PM, Benjamin Kreuter <brk7bx@virginia.edu> wrote:
On Mon, 2018-08-06 at 14:11 +0800, jamesd@echeque.com wrote:
As others have asked, what is the problem we want to solve? The beginning of this thread was a proposal that the problem is that the government might target an activist group's finances. Now it sounds like you are talking about the government trying to attack the entire payment system.
That is indeed a valid problem. Among many others in many sectors and applications.
A crypto currency needs to be centerless - it needs to able to survive the seizure of key servers by a hostile powerful party.
True, a properly decentralized cryptocurrency has no such seizable / sueable servers. Decentralization is under attack in more ways than most people realize, not just by the purposeful noise deluge of junk / centralized coins, tokens, ico's... but also by very insidious methods. As an example... https://www.youtube.com/watch?v=UYHFrf5ci_g https://www.youtube.com/watch?v=0BZoKH-hX_o https://www.youtube.com/watch?v=tKYEQVPklLI https://www.youtube.com/results?search_query=bitcoin+censorship https://www.reddit.com/r/BitcoinMarkets/comments/6rxw7k/informative_btc_vs_b... Whether you're a user, code / crypto developer, business, whatever... you need to understand these things and be able to spot them, call them out, and exchange and adopt away from them once they happen. In the cryptocurrency space, there is no birthright, let alone against treason, or any other lesser offense. A bit more from the series... https://www.youtube.com/watch?v=pOZaLbUUZUs https://www.youtube.com/watch?v=rgts1qb0hLY https://www.youtube.com/watch?v=yGrUOLsC9cw
Get back to me when the Internet itself cannot be shut down by the government.
For so long as free speech, encryption, and overlay networks exist, cryptocurrency and the internet cannot be shutdown. If you accept, either personally or as a populace, the shutting of your connection and or the disablement of your crypto, for mere agnostic tool use, and for no provable reason otherwise, then you're fucked. If the Four Hoursemen of the Infocalypse didn't do it already, then the only thing left is a bonafide threat to the existance of government itself... to its taxes collected by force. Once people worldwide start to figure out they can bypass the redundancy, inefficiency, non choice, war, etc of governments by moving their transactions onto the encrypted blockchain networks... that's the last game... you either sheeple out forever into a questionable existance, or make your stand. Don't be a sheeple.. https://www.youtube.com/results?search_query=banks+fear+bitcoin https://www.youtube.com/results?search_query=governments+fear+bitcoin [bcc cypherpunks] Reposting bcc cyphepunks as censorship on an approved variety thread where moderator already logged in and finished the daily queue is hypocritical. Or as to afford another chance to non fat finger, or delivery.
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grarpamp