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Not to disagree with you, but aren't cryptocurrencies also working towards this same goal? I mean, what do you think would happen when you have a secret way to
by lumberjack 9y ago
Not to disagree with you, but aren't cryptocurrencies also working towards this same goal? I mean, what do you think would happen when you have a secret way to hide your wealth in such a way that nobody can tie it to your name? In fact, isn't that the point of cryptocurrencies?
I'm just trying to figure out, what you think cryptocurrencies are for, if not, for individuals to have a means of cash (and/or wealth storage) decoupled from the state.
- n1231231231234 9y agonot all cryptos are about that. many others put decentralisation first and are OK with transparency. but the latter, of course, clashes with the idea of a nation state trying to become _the_ crypto nation.
- xiphias 9y agoYou can't have decentralization without privacy, Dr Adam Back has an extensive presentation about this. Bitcoin doesn't yet have privacy because of technical reasons, but people are working hard on implementing Bulletproofs and Schnorr signatures that help.
- jshaqaw 9y agoI think the two killer apps for crypto are money laundering and tax evasion which are two core competencies of the Swiss economy so their moves here are not surprise.
- ric2b 9y agoThe biggest cryptocurrency, Bitcoin, is actually very transparent and its biggest concern is being decentralized and censorship resistant, so that governments can't have direct control over its inflation or are able to censor transactions (for example to Wikileaks, which happens with USD)