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Bitcoin to me seems like a great currency for oligarchical/plutocratic type governance systems. Authority can know what addresses are controlled by who, give pe
by njarboe 9y ago
Bitcoin to me seems like a great currency for oligarchical/plutocratic type governance systems. Authority can know what addresses are controlled by who, give people privacy and the feeling of security, and can create a hierarchy of knowledge where people get increasing insight into the country's(world's?) economy/social graph as they reach the top of the power pyramid. All transactions are recorded for all time. Great.
- hackeraccount 9y agoYeah but the block chain is available to everyone. So potentially anyone outside - or even worse inside - the oligarchical/plutocratic can have an idea of just what the heck is going on. Best keep that genie in the bottle. It reminds of what some Soviet leader (Krushchev, maybe?) said when asked why he was against an "open skies" Treaty. "We have nothing to hide. We have nothing and must hide it"
- problems 9y agoYeah, it's interesting because some alternatives like ZCash effectively solve this problem too, and provide full anonymity but they're fairly closely related and probably will get treated the same way by regulators in many places. Should be interesting to see what happens.
- kakarot 9y agoBitcoin promised transparency, the opposite of privacy. Users who feel their usage is private have been mislead by others.