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caveat, I didn't read the article because either it is timing out or ublock is blocking it (just see white page) I think it is a good thing that the law can't

caveat, I didn't read the article because either it is timing out or ublock is blocking it (just see white page) I think it is a good thing that the law can't keep up with technology. Take Uber, people like it and it works well. It is hard for the law to stop this and public opinion is quite loudly for it, so it stands. The internet is changing from centralized to distributed with finance depending on it wholly for infrastructure. Protocols will change at that level and slowly money will become more digitized. Even without bitcoin, it will be possible to quickly transfer funds from organizations at banks. If the public embraces this, the gov't can't do anything. This is like a riot for freedom. When enough people do something the government is outnumbered and it becomes defacto legal. Often, this rare phenomenon is referred as democracy. Drones falling on people will be bad. Some people will be scammers. Medical devices/technoques will be more dangerous (with better upside). People will hide income which is good for the individualshort-term but bad for the governemnt, and possibly everyone long term. Wages are fucked. This will force cooperation between people and ultimately governments because the power distance delta will be lowered significantly from a person to "the government". Technology is killing government just like home taping killed the music industry. Very slowly.

sokoloff 11y ago
When was the internet ever centralized?
pjc50 11y ago
it will be possible to quickly transfer funds from organizations at banks This is called "Faster Payments" in Europe, where it's already working quite nicely.
- Silhouette 11y ago
  Indeed. In fact, a great deal of what is wrong with financial infrastructure is precisely because the industry is dominated by a few huge players with a vested interest in not rocking the boat, and because of their scale and often their multinational later they are very hard for governments to regulate effectively. Many problems, from highly visible ones like the crazy level of fraud and financial crime we tolerate or the way some governments have propped up failed financial institutions with public money in recent years, to more hidden problems like the one-sided deals small businesses get with financial services and the amount creamed off almost every electronic financial transaction by those same financial service providers, should have been dealt with long ago.

sokoloff 11y ago

When was the internet ever centralized?

pjc50 11y ago

it will be possible to quickly transfer funds from organizations at banks This is called "Faster Payments" in Europe, where it's already working quite nicely.

Silhouette 11y ago
Indeed. In fact, a great deal of what is wrong with financial infrastructure is precisely because the industry is dominated by a few huge players with a vested interest in not rocking the boat, and because of their scale and often their multinational later they are very hard for governments to regulate effectively. Many problems, from highly visible ones like the crazy level of fraud and financial crime we tolerate or the way some governments have propped up failed financial institutions with public money in recent years, to more hidden problems like the one-sided deals small businesses get with financial services and the amount creamed off almost every electronic financial transaction by those same financial service providers, should have been dealt with long ago.