While I do agree with this article's identification of the primary utility of crytpocurrencies, we should consider the optimizations that it can provide through a more effective use of resources. I'll go ahead and TL;DR here before the succeeding wall of text: Crypto currency will result in a net gain of useful resources by using pulses of electrical current. Silver and gold are more useful for their elemental proper…
This problem is also solved by fiat currency.
The Crypto Anarchist Manifesto (1988)
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Re: The Crypto Anarchist Manifesto (1988)
#22"To truth only a brief celebration of victory is allowed between the two long periods during which it is condemned as paradoxical, or disparaged as trivial." - Arthur Schopenhauer, 1819
(Or maybe he's just referring to political truths which are coming to light at about the same pace at all times.)
Re: The Crypto Anarchist Manifesto (1988)
#23While I do agree with this article's identification of the primary utility of crytpocurrencies, we should consider the optimizations that it can provide through a more effective use of resources. I'll go ahead and TL;DR here before the succeeding wall of text: Crypto currency will result in a net gain of useful resources by using pulses of electrical current. Silver and gold are more useful for their elemental proper…
> These concepts (especially Ethereum) are the digital manifestations of the theory of democracy - unhindered by loopholes, corruption, indecision, and private-interests. LOL https://www.reddit.com/r/ethereumfraud/
The kind of democracy where having more money means you get more votes, which is the kind of democracy almost nobody would want to live in lest someone has more money than them. I don't know the word for such a thing, but it sounds barbaric, yet I've seen it seriously proposed.
Taking "vote with your wallet" to the extreme.
Re: The Crypto Anarchist Manifesto (1988)
#24I couldn't tell when this was written. It appears to be from 1993: http://www.alamut.com/subj/ideologies/manifestos/cryptoanarc... Edit: See comments below. Turns out it's from 1988.
Yep. I remember when it was published. I was on the Cypherpunks list back then, and it was a fascinating group for a while. Tim May was a vocal, eloquent proponent of anarcho-capitalism[1], and believed that crypto and the net were crucial tools that would tip the balance of power between the individual and the state, cause an erosion of tax-collection powers, and eventually tip the world into a mode of 'voluntary' i…
Good thing you've got The State extorting and enslaving you then, to protect you from that "feudalism".
Re: The Crypto Anarchist Manifesto (1988)
#25Earlier quoted context omitted.
This problem is also solved by fiat currency.
Certainly, but crypto has the advantage of being counterfeit-proof.
Re: The Crypto Anarchist Manifesto (1988)
#26And the follow-up: The Cyphernomicon (1994) http://www.cypherpunks.to/faq/cyphernomicron/cyphernomicon.t... Ah memories...
Re: The Crypto Anarchist Manifesto (1988)
#27Earlier quoted context omitted.
Yep. I remember when it was published. I was on the Cypherpunks list back then, and it was a fascinating group for a while. Tim May was a vocal, eloquent proponent of anarcho-capitalism[1], and believed that crypto and the net were crucial tools that would tip the balance of power between the individual and the state, cause an erosion of tax-collection powers, and eventually tip the world into a mode of 'voluntary' i…
> a mode of 'voluntary' interaction that others, myself included, argued is indistinguishable from feudalism Good thing you've got The State extorting and enslaving you then, to protect you from that "feudalism".
Re: The Crypto Anarchist Manifesto (1988)
#28Earlier quoted context omitted.
> These concepts (especially Ethereum) are the digital manifestations of the theory of democracy - unhindered by loopholes, corruption, indecision, and private-interests. LOL https://www.reddit.com/r/ethereumfraud/
>These concepts (especially Ethereum) are the digital manifestations of the theory of democracy - unhindered by loopholes, corruption, indecision, and private-interests. The kind of democracy where having more money means you get more votes, which is the kind of democracy almost nobody would want to live in lest someone has more money than them. I don't know the word for such a thing, but it sounds barbaric, yet I've…
Re: The Crypto Anarchist Manifesto (1988)
#29And the follow-up: The Cyphernomicon (1994) http://www.cypherpunks.to/faq/cyphernomicron/cyphernomicon.t... Ah memories...
Reminds me of the title my favorite book: cryotonomicon. Highly recommend it.
Re: The Crypto Anarchist Manifesto (1988)
#30If you haven't read it, there are some great bits in Cryptonimicon that kind of captures the spirit of some of that crowd. Great book in any event.