41–50 of 140 posts
> The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers and tax evaders... Bitcoin Silkroad The crypto wars The crypto wars 2: The empire strikes back and that's just one poignant sentence in the fairly small but very accurate manifesto.
This guy seems to think so ^
> The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers and tax evaders... Bitcoin Silkroad The crypto wars The crypto wars 2: The empire strikes back and that's just one poignant sentence in the fairly small but very accurate manifesto.
It's quite funny to see people promoting such conspiracy theories, considering they've already been proven wrong by reality. Apart from some banana republics, governments around the world have been incredibly relaxed with regards to Bitcoin. The rules that have been established are as favourable as anyone could imagine (i. e. trading being exempt from VAT etc.). Yes, they have insisted on existing rules, mostly of th…
Right now in order to spend ones bitcoins (with a few exceptions) one has to change them into fiat currency and that's where the establishment can monitor and control the money flow.
What will happen when a critical mass of service providers and product sellers will gladly accept crypto coins? That's when one can hide his cash reserves from the prying eyes of the state. And they'll be able to pay smaller and smaller taxes.
And I doubt that the establishment will be happy to have smaller and smaller budgets at their disposal.
I don't understand the barbed wire metaphor. Couldn't crypto have the effect of putting content that would otherwise be freely available in the current internet behind monetary barriers? Couldn't cryptocurrencies enable further control by monopolizing media industries? The technology is powerful, whether or not it will be liberating is to be determined. Edit: didn't realize this was from 1993! Amazing to read that pe…
As the saying goes: information wants to be free. In a world where everyone can interact with each other completely anonymously that becomes even more true, since governments cannot effectively penalize people for distributing said information. For example, imagine a version of The Pirate Bay hosted as a Tor hidden service, combined with a completely anonymous torrent-like P2P file sharing system.
"On the one hand information wants to be expensive, because it's so valuable. The right information in the right place just changes your life. On the other hand, information wants to be free, because the cost of getting it out is getting lower and lower all the time. So you have these two fighting against each other."
- Stewart Brand, Whole Earth Review, May 1985
Earlier quoted context omitted.
Crypto would enable inbuilt content use payment system if the user wants to pay, and reap additional benefits - freemium model Industries wont be monopolized cause forking and launching decentralised code would be free and instant.
Tell that to email. Don't get me wrong, I'm a huge cryptonerd. But open source is not a panacea against monopolization.
Earlier 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…
ether whales have nothing on USD whales. 8 people control 50% of wealth[0]. There is also income disparity and monetary controls making that dilution of individual power inescapable.
And that's just personal wealth. There is also corporate wealth and government reserve currency.
I don't think it's taking "vote with your wallet" to the extreme. It's already there. On the contrary, I think it's making it tenable.
> The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers and tax evaders... Bitcoin Silkroad The crypto wars The crypto wars 2: The empire strikes back and that's just one poignant sentence in the fairly small but very accurate manifesto.
Also this bit: > An anonymous computerized market will even make possible abhorrent markets for assassinations and extortion. Various criminal and foreign elements will be active users of CryptoNet. But this will not halt the spread of crypto anarchy. See Silk Road, Bitcoin, Monero
> The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers and tax evaders... Bitcoin Silkroad The crypto wars The crypto wars 2: The empire strikes back and that's just one poignant sentence in the fairly small but very accurate manifesto.
Bitcoin was not shut down because of it. Bitcoin is, however, frequently used to launder stolen bitcoin.
I don't understand the barbed wire metaphor. Couldn't crypto have the effect of putting content that would otherwise be freely available in the current internet behind monetary barriers? Couldn't cryptocurrencies enable further control by monopolizing media industries? The technology is powerful, whether or not it will be liberating is to be determined. Edit: didn't realize this was from 1993! Amazing to read that pe…
As the saying goes: information wants to be free. In a world where everyone can interact with each other completely anonymously that becomes even more true, since governments cannot effectively penalize people for distributing said information. For example, imagine a version of The Pirate Bay hosted as a Tor hidden service, combined with a completely anonymous torrent-like P2P file sharing system.
TLDR; There's currently a bill to make cryptocurrencies illegal. (and other stuff that the government can't control)
I don't understand the barbed wire metaphor. Couldn't crypto have the effect of putting content that would otherwise be freely available in the current internet behind monetary barriers? Couldn't cryptocurrencies enable further control by monopolizing media industries? The technology is powerful, whether or not it will be liberating is to be determined. Edit: didn't realize this was from 1993! Amazing to read that pe…