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A: It's a scam, and it works by scamming people. The text as written on this site describes a conspiracy to commit tax and securities fraud. I have no idea if
by skywhopper 9y ago
A: It's a scam, and it works by scamming people.
The text as written on this site describes a conspiracy to commit tax and securities fraud. I have no idea if it will ever be prosecuted as such, but that is what is being proffered here.
The subtext is that a bunch of finance quants read Cryptonomicon and think the blockchain is the answer to their dream of becoming the gangster bosses of the anarcho-capitalist hellscape from Snow Crash.
- hudon 9y agoI'm curious to know if you erased all of modern civilization (governments, laws, et. all) and replaced it with decentralized apps and a blockchain-based currency, would it work? I read Snow Crash and I can see how fascinating the concepts are to libertarian technocrats, but I would like to see a rebuttal to it. I know the transition to this model seems impossible and this is what most people in the blockchain-space blissfully ignore. > The subtext is that a bunch of finance quants read Cryptonomicon and think the blockchain is the answer to their dream of becoming the gangster bosses of the anarcho-capitalist hellscape from Snow Crash. This made my day, it's a shame it's too long to tweet
- api 9y agoIt would be gamed. Real resistance to gaming requires continuous adaptation. Google "red Queen's race." All closed form systems would fall.
- programmarchy 9y agoThere's good arguments for the IMF and Federal Reserve being scams, too. [1] I'd rather live in Snow Crash than Brave New World. [1] https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years