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> I.e. the ability to send "money" between people who do not trust each other digitally; How does a cryptocurrency actually solve the lack of trust? From the

> I.e. the ability to send "money" between people who do not trust each other digitally; How does a cryptocurrency actually solve the lack of trust? From the few things I do understand, I think it doesn't at all. I think this article by Bruce Schneier is interesting: https://www.schneier.com/essays/archives/2019/02/theres_no_good_reaso.html https://www.schneier.com/essays/archives/2019/02/theres_no_g... > with secrecy/privacy in manner which cannot be taken away by states/governments/banks etc. I don't have a need for that kind of secrecy. I understand the Silk Roads of the world would like it though. But that doesn't sell cryptocurrencies to me. If you need to hide stuff from the government, there are bigger problems that cryptocurrencies can't solve, as I can tell.

bjarneh 6y ago
> How does a cryptocurrency actually solve the lack of trust? I said it was an attempt, I'm not sure it solves it.. > If you need to hide stuff from the government All governments are not good. The US government for instance "froze" (basically took) all the money WikiLeaks had, and made it impossible to send them money through traditional banking systems. So crypto-currencies have already been important in funding an organization that uncovered war-crimes; which is a good thing. Not all secrecy/privacy is criminal behavior, sometimes it is actual journalism. I guess we have seen so little journalism in the last few years we barely remember what it looks like.