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Electronic transactions, and even widespread use of cheques, are very new on the historical timescale. The current level of financial surveillance by the centra
by CryptoPunk 8y ago
Electronic transactions, and even widespread use of cheques, are very new on the historical timescale. The current level of financial surveillance by the central government, that has been enabled by this technological shift, is unprecendented.
A permissionless and decentralized financial ledger holds the possibility of reversing this trend and restoring the more decentralized distribution of power that traditionally existed.
- Nursie 8y agoOn a historical timescale, many things we take for granted, like centrally controlled currency, are very new. > A permissionless and decentralized financial ledger holds the possibility of reversing this trend OK, so let me repeat this for those that didn't get it the first time - This is not what Stallman's trying to achieve and it's not something he thinks is a good idea. Whether you agree with this or not, that makes Monero a bad fit for his ends.