bitcoin as a global medium of exchange (was Re: Interesting take on Sanjuro's Assassination Market)

[Guido Witmond]

On 11/26/13 08:51, Jim Bell wrote:
> We can certainly agree on that!  The new currency should be as anonymous
> as Zerocoin.  (I can think of an application that will require robust
> anonymity.)
>              Jim Bell

> 
>     But even if my worst fears are realized, that is still a whole lot
>     better than what we have now.
> 

Since Money == Power,  and Unaccounted Power == Corruption,
the problem lies with unaccounted use of Power.

If a politician takes a bribe, that is done without accountability to
the public.

With accountable transactions, the briber cannot give some anonymous
Money, they have do more visible things, like offering a (no-show) job
after the politician went through the revolving door. This makes a
single bribe much longer visible.


I prefer to have all my wielding of Power (money transactions) visible
if it means that I can equally monitor those wielding other Power
(politicians, government officials in duty).

Currently, with our fiat-money, I can't monitor my politicians while
they are monitoring mine.

Accountability (responsibility) is the other side of the coin of Freedom
(pun intended). You can't have one without the other.

On the assassination market ideas, I find it evil. Killing politicians
for unaccounted wielding of power (corruption) doesn't deter. It makes
it worse as, after the first bribe, the politician has nothing more to
lose.

Instead of killing, we give them a fair trial and jail that politician
and the bribing jail owner in their own jail for a long time. That's
sweet revenge!

Guido Witmond.

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