6 ms·

It misses one of the coolest ones. Slow Money, from (Neptune's Brood)[https://en.wikipedia.org/wiki/Neptune%27s_Brood https://en.wikipedia.org/wiki/Neptune%27s_

It misses one of the coolest ones. Slow Money, from (Neptune's Brood)[https://en.wikipedia.org/wiki/Neptune%27s_Brood https://en.wikipedia.org/wiki/Neptune%27s_Brood] is based on using the speed of light and the triangle inequality to verify transactions via the laws of physics. You are allowed to double spend as long as the two expenditures are outside each other's light cones.

LolWolf 6y ago
I think these are just made up by Scott, but that is a phenomenal-sounding book! I am quite curious and will check it out :)
sxp 6y ago
This was an awesome concept at the time. It was one of the reasons I became pro-Bitcoin along with Cryptonomicon. Unfortunately, Stross became anti-crypto afterwards: https://www.antipope.org/charlie/blog-static/2013/12/why-i-want-bitcoin-to-die-in-a.html https://www.antipope.org/charlie/blog-static/2013/12/why-i-w... The technolibertarian ideology that was in some of his earlier writing were replaced with more authoritarian & leftist views so he said "BitCoin looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a Libertarian political agenda in mind—to damage states ability to collect tax and monitor their citizens financial transactions." as if it was a bad thing. P.S, what's the basis of your username? Any relation to https://news.ycombinator.com/threads?id=cstross https://news.ycombinator.com/threads?id=cstross ?
- AnthonyMouse 6y ago
  > as if it was a bad thing. Future generations may look back on mandatory financial surveillance the same way we look back on general warrants. Especially because the claims don't match the requirements. If you want to make sure someone is paying their income tax, you don't need to know who the buyer is. But the same is true of sales tax, which is likewise collected by the seller. And it's the buyer who most needs privacy. The mosque or synagogue or gay bar or abortion clinic or adult book store may not be hiding what it is from the government, but their patrons shouldn't have to reveal that they're patrons. Yet if you try to activate a prepaid credit card, they want your name. For what?
  - toss1 6y ago
    What they want to track with prepaid cards is money laundering. And this is not money laundering of the corner drug dealer, it is the laundering of the wealth of entire nations by transnational crime syndicate masquerading as governments (e.g., see RUS, VNZ), and transnational gangs which are large enough to warrant military attention, which is currently driving geopolitics. And yes, your tiny prepaid card is probably an irrelevant bit of collateral damage in that picture, but that is why they'll ask your name. And, no, FINCEN DGAF if you spend it at any of those places. They DO care if it turns out some of those places are laundering a lot of crime money, and they DO care if you get dozens of those cards and spend 90% of it at one of the launderer's places. they will also care if you are working in a scam organization that convinces marks to send payment as prepaid card codes, and you are cashing those cards... If it is untraceable and at all scaleable, you can guarantee that organized crime is using it to launder money, and that there will be real efforts to make it traceable.
    - AnthonyMouse 6y ago
      > And this is not money laundering of the corner drug dealer, it is the laundering of the wealth of entire nations by transnational crime syndicate masquerading as governments (e.g., see RUS, VNZ), and transnational gangs which are large enough to warrant military attention, which is currently driving geopolitics. The problem is that it doesn't actually work for organizations with that level of resources. A multi-billion dollar criminal enterprise doesn't need prepaid cards to launder their money. They can buy arbitrary amounts of soybeans or crude oil or laundry detergent. There is nothing suspicious or even illegal about a shipping container full of soybeans. Anybody can cook up some books that say that Alice paid Bob a billion dollars for soybeans and Bob paid Alice a billion dollars for licensing intellectual property netting to zero, when it was really a billion dollars under the table and the intellectual property was worthless. Then the commodity goes to whatever country, get sold on the commodity market there and turns back into money. That's assuming they don't just use Bitcoin. That's assuming they don't just keep doing this: https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/ https://www.icij.org/investigations/fincen-files/hsbc-moved-... Anti-money laundering laws are a failed experiment. They don't work. They cost far more than they're worth.
- orwin 6y ago
  I'm anti-bitcoin, and pro-crypto. I think the only thing that should be taxed is wealth, regardless of debt, and not work or transactions; so state don't need to monitor financial transaction at all. BUT bitcoin is not a smart crypto: its inefficient, POW is not a good idea and is worse when the algorithm can be optimized with specialized processor. It gives too much power to state actors (like most computational activities tbh) . If the US, China or Russia wanted to do a 51% attack, it realistically could with some investments.
  - dnautics 6y ago
    > the only thing that should be taxed is wealth How would you value non-monetary assets? And let's say I hated someone, could I get a group of assessors to overvalue their house and put them into bankruptcy?
    - FeepingCreature 6y ago
      > How would you value non-monetary assets? One cool idea I've seen proposed is mandatory sales. So maybe once a year, you have to specify a value for everything you own, and people can buy it from you for that value. So you can set your sentimental value as high as you like, and make it impossible for anyone to buy your valued property. But then taxes are calculated off that value...
      - 2038AD 6y ago
        That's one of the worst ideas I've ever heard. I'm sincerely astounded how bad it is and it gets worse the more I think about it. To start, it shows a complete lack of respect for the right of ownership. Under this system you wouldn't own anything and would be subjected to compensated theft regularly. This system would simultaneously represent the worst ideas of what Socialist and capitalistic life can be. To an anti-socialist, socialism represents theft. The problem is the forcible reappropriation of assets. The justification for this is twofold: property being theft in itself & it being immoral to deprive the in-need of assets you don't need. Private property represents theft since claims must begin somewhere and that somewhere is the state of nature, the commons. In our imagined socialist commonwealth, goods ought to be for the benefit of all. The problem with this is that some goods are exclusive by nature. Only I can wear the clothes on my back, it's more hygienic if we have a toothbrush each and frankly we should have enough goods that, in general, we don't need to argue over use. For this socialists make a distinction between private and personal property. This distinction diminishes possession but at least it comes from a place of wanting help for others. Mandatory sales mean your rights are trumped by capital, or more accurately those holding it. If mandatory sales apply literally to all goods then go ahead and take the clothes off my back. There's little room for dignity when those richer than you can take even the most sentimental of belongings. Why don't we go a step further? Apply the concept the any service a person may provide, recognise that sex work is real work and you've just legalised rape. This may seem a disproportionate response but I'm sick of people being so detached that they think reengineering society is something to be taken lightly. Reminds me of a sketch which had the line > Have you tried 'raise VAT' and 'kill all the poor'? https://www.youtube.com/watch?v=owI7DOeO_yg https://www.youtube.com/watch?v=owI7DOeO_yg I'm sure any objection I have could be rebutted with something which amounts to 'there are loopholes'.
- WorldMaker 6y ago
  From what I've read, it's not a political/ideology shift in Stross but more a shift in how you (don't) read the books. Stross has been very critical and antagonist against runaway effects ("anti-crypto") since his first book Accelerando. While a lot of the "cool stuff" and many of the characters, including some of the protagonists, are very "technolibertarian" most of Stross' plots are generally Very Bad Things happening to them, including various sorts of cascade failures in the "cool stuff" domains (up to and including Lovecraftian apocalyptic doom in the Laundry universe). Generally the moral arc in a lot of Stross' (as such exists) from meta/high-level usually seems to be wary of the "cool stuff" as Very Bad Things Can Happen. He's a great writer because those moral arcs are left subtle and to the reader rather than tagged on the end like Aesop's Fables. (Sometimes I wish they were blandly tagged at the end like Aesop's Fables to avoid some of these conversations, because we're living in a post-Poe's Law Singularity and subtlety is all too often easily overlooked.)
  - Apocryphon 6y ago
    Yeah, it's hard to see Stross as libertarian at all. Pertinently, he just wrote about Neptune's Brood and medium money recently: https://www.antipope.org/charlie/blog-static/2021/02/central-banking-on-mars.html https://www.antipope.org/charlie/blog-static/2021/02/central...
    - sxp 6y ago
      > MuskCoin is required in payment for cargo capacity on Earth-to-Mars shipping, or for purchasing real estate on Mars. It has a floating terrestrial exchange rate: the idea is that it's used for mediating interplanetary exchanges. That sounds like the currency in Artemis by Andy Weir (of The Martian fame) which used "slugs" as a currency on Luna: > “It’s short for soft-landed grams. S-L-G. Slug. One slug gets one gram of cargo delivered from Earth to Artemis, courtesy of KSC.” “It’s technically not a currency,” Trond said from the credenza. “We’re not a country; we can’t have a currency. Slugs are pre-purchased service credit from KSC. You pay dollars, euros, yen, whatever, and in exchange you get a mass allowance for shipment to Artemis. You don’t have to use it all at once, so they keep track of your balance.” ... “It ended up being a handy unit for trade. So KSC is functioning as a bank. You’d never get away with that on Earth, but this isn’t Earth.”
- blamestross 6y ago
  cstross's books were formative for me. I read accelerando when I was 16. He convinced me that making new technology (and avoiding others) was a task worthy of my life's focus. So, in part, blame him for me :sweat-smile:
  - krapp 6y ago
    Have you been sitting on this username for nearly five years just waiting to be able to make this comment?
    - blamestross 6y ago
      Yes.
  - sxp 6y ago
    Yes! Accelerando was the first Singularitarian novel I ever read and I read it in college around the time I read Vinge's original essay so it had a strong influence on my career path.
BlueTemplar 6y ago
Even better, the author, Charles Stross, has kind of predicted cryptocurrencies (specifically Ethereum and this "RedCoin") in his (begun in 1999 !) book : Accelerando (Which otherwise is first about a technological singularity.) : > One of his e-mail accounts is halfway to the moon with automatic messages, companies with names like agalmic.holdings.root.8E.F0 screaming for the attention of their transitive director. Each of these companies – and there are currently more than sixteen thousand of them, although the herd is growing day by day – has three directors and is the director of three other companies. Each of them executes a script in a functional language Manfred invented; the directors tell the company what to do, and the instructions include orders to pass instructions on to their children. In effect, they are a flock of cellular automata, like the cells in Conway's Game of Life, only far more complex and powerful. > Manfred's companies form a programmable grid. Some of them are armed with capital in the form of patents Manfred filed, then delegated rather than passing on to one of the Free Foundations. Some of them are effectively nontrading, but occupy directorial roles. Their corporate functions (such as filing of accounts and voting in new directors) are all handled centrally through his company-operating framework, and their trading is carried out via several of the more popular B2B enabler dot-coms. Internally, the companies do other, more obscure load-balancing computations, processing resource-allocation problems like a classic state central planning system. None of which explains why fully half of them have been hit by lawsuits in the past twenty-two hours. > The lawsuits are ... random. That's the only pattern Manfred can detect. Some of them allege patent infringements; these he might take seriously, except that about a third of the targets are director companies that don't actually do anything visible to the public. A few lawsuits allege mismanagement, but then there's a whole bizarre raft of spurious nonsense: suits for wrongful dismissal or age discrimination – against companies with no employees – complaints about reckless trading, and one action alleging that the defendant (in conspiracy with the prime minister of Japan, the government of Canada, and the Emir of Kuwait) is using orbital mind-control lasers to make the plaintiff's pet chihuahua bark at all hours of day and night. > Manfred groans and does a quick calculation. At the current rate, lawsuits are hitting his corporate grid at a rate of one every sixteen seconds – up from none in the preceding six months. In another day, this is going to saturate him. If it keeps up for a week, it'll saturate every court in the United States. Someone has found a means to do for lawsuits what he's doing for companies – and they've chosen him as their target. https://www.antipope.org/charlie/blog-static/fiction/accelerando/accelerando.html https://www.antipope.org/charlie/blog-static/fiction/acceler...

LolWolf 6y ago

I think these are just made up by Scott, but that is a phenomenal-sounding book! I am quite curious and will check it out :)

sxp 6y ago

This was an awesome concept at the time. It was one of the reasons I became pro-Bitcoin along with Cryptonomicon. Unfortunately, Stross became anti-crypto afterwards: https://www.antipope.org/charlie/blog-static/2013/12/why-i-want-bitcoin-to-die-in-a.html https://www.antipope.org/charlie/blog-static/2013/12/why-i-w... The technolibertarian ideology that was in some of his earlier writing were replaced with more authoritarian & leftist views so he said "BitCoin looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a Libertarian political agenda in mind—to damage states ability to collect tax and monitor their citizens financial transactions." as if it was a bad thing. P.S, what's the basis of your username? Any relation to https://news.ycombinator.com/threads?id=cstross https://news.ycombinator.com/threads?id=cstross ?

AnthonyMouse 6y ago
> as if it was a bad thing. Future generations may look back on mandatory financial surveillance the same way we look back on general warrants. Especially because the claims don't match the requirements. If you want to make sure someone is paying their income tax, you don't need to know who the buyer is. But the same is true of sales tax, which is likewise collected by the seller. And it's the buyer who most needs privacy. The mosque or synagogue or gay bar or abortion clinic or adult book store may not be hiding what it is from the government, but their patrons shouldn't have to reveal that they're patrons. Yet if you try to activate a prepaid credit card, they want your name. For what?
- toss1 6y ago
  What they want to track with prepaid cards is money laundering. And this is not money laundering of the corner drug dealer, it is the laundering of the wealth of entire nations by transnational crime syndicate masquerading as governments (e.g., see RUS, VNZ), and transnational gangs which are large enough to warrant military attention, which is currently driving geopolitics. And yes, your tiny prepaid card is probably an irrelevant bit of collateral damage in that picture, but that is why they'll ask your name. And, no, FINCEN DGAF if you spend it at any of those places. They DO care if it turns out some of those places are laundering a lot of crime money, and they DO care if you get dozens of those cards and spend 90% of it at one of the launderer's places. they will also care if you are working in a scam organization that convinces marks to send payment as prepaid card codes, and you are cashing those cards... If it is untraceable and at all scaleable, you can guarantee that organized crime is using it to launder money, and that there will be real efforts to make it traceable.
  - AnthonyMouse 6y ago
    > And this is not money laundering of the corner drug dealer, it is the laundering of the wealth of entire nations by transnational crime syndicate masquerading as governments (e.g., see RUS, VNZ), and transnational gangs which are large enough to warrant military attention, which is currently driving geopolitics. The problem is that it doesn't actually work for organizations with that level of resources. A multi-billion dollar criminal enterprise doesn't need prepaid cards to launder their money. They can buy arbitrary amounts of soybeans or crude oil or laundry detergent. There is nothing suspicious or even illegal about a shipping container full of soybeans. Anybody can cook up some books that say that Alice paid Bob a billion dollars for soybeans and Bob paid Alice a billion dollars for licensing intellectual property netting to zero, when it was really a billion dollars under the table and the intellectual property was worthless. Then the commodity goes to whatever country, get sold on the commodity market there and turns back into money. That's assuming they don't just use Bitcoin. That's assuming they don't just keep doing this: https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/ https://www.icij.org/investigations/fincen-files/hsbc-moved-... Anti-money laundering laws are a failed experiment. They don't work. They cost far more than they're worth.
orwin 6y ago
I'm anti-bitcoin, and pro-crypto. I think the only thing that should be taxed is wealth, regardless of debt, and not work or transactions; so state don't need to monitor financial transaction at all. BUT bitcoin is not a smart crypto: its inefficient, POW is not a good idea and is worse when the algorithm can be optimized with specialized processor. It gives too much power to state actors (like most computational activities tbh) . If the US, China or Russia wanted to do a 51% attack, it realistically could with some investments.
- dnautics 6y ago
  > the only thing that should be taxed is wealth How would you value non-monetary assets? And let's say I hated someone, could I get a group of assessors to overvalue their house and put them into bankruptcy?
  - FeepingCreature 6y ago
    > How would you value non-monetary assets? One cool idea I've seen proposed is mandatory sales. So maybe once a year, you have to specify a value for everything you own, and people can buy it from you for that value. So you can set your sentimental value as high as you like, and make it impossible for anyone to buy your valued property. But then taxes are calculated off that value...
    - 2038AD 6y ago
      That's one of the worst ideas I've ever heard. I'm sincerely astounded how bad it is and it gets worse the more I think about it. To start, it shows a complete lack of respect for the right of ownership. Under this system you wouldn't own anything and would be subjected to compensated theft regularly. This system would simultaneously represent the worst ideas of what Socialist and capitalistic life can be. To an anti-socialist, socialism represents theft. The problem is the forcible reappropriation of assets. The justification for this is twofold: property being theft in itself & it being immoral to deprive the in-need of assets you don't need. Private property represents theft since claims must begin somewhere and that somewhere is the state of nature, the commons. In our imagined socialist commonwealth, goods ought to be for the benefit of all. The problem with this is that some goods are exclusive by nature. Only I can wear the clothes on my back, it's more hygienic if we have a toothbrush each and frankly we should have enough goods that, in general, we don't need to argue over use. For this socialists make a distinction between private and personal property. This distinction diminishes possession but at least it comes from a place of wanting help for others. Mandatory sales mean your rights are trumped by capital, or more accurately those holding it. If mandatory sales apply literally to all goods then go ahead and take the clothes off my back. There's little room for dignity when those richer than you can take even the most sentimental of belongings. Why don't we go a step further? Apply the concept the any service a person may provide, recognise that sex work is real work and you've just legalised rape. This may seem a disproportionate response but I'm sick of people being so detached that they think reengineering society is something to be taken lightly. Reminds me of a sketch which had the line > Have you tried 'raise VAT' and 'kill all the poor'? https://www.youtube.com/watch?v=owI7DOeO_yg https://www.youtube.com/watch?v=owI7DOeO_yg I'm sure any objection I have could be rebutted with something which amounts to 'there are loopholes'.
WorldMaker 6y ago
From what I've read, it's not a political/ideology shift in Stross but more a shift in how you (don't) read the books. Stross has been very critical and antagonist against runaway effects ("anti-crypto") since his first book Accelerando. While a lot of the "cool stuff" and many of the characters, including some of the protagonists, are very "technolibertarian" most of Stross' plots are generally Very Bad Things happening to them, including various sorts of cascade failures in the "cool stuff" domains (up to and including Lovecraftian apocalyptic doom in the Laundry universe). Generally the moral arc in a lot of Stross' (as such exists) from meta/high-level usually seems to be wary of the "cool stuff" as Very Bad Things Can Happen. He's a great writer because those moral arcs are left subtle and to the reader rather than tagged on the end like Aesop's Fables. (Sometimes I wish they were blandly tagged at the end like Aesop's Fables to avoid some of these conversations, because we're living in a post-Poe's Law Singularity and subtlety is all too often easily overlooked.)
- Apocryphon 6y ago
  Yeah, it's hard to see Stross as libertarian at all. Pertinently, he just wrote about Neptune's Brood and medium money recently: https://www.antipope.org/charlie/blog-static/2021/02/central-banking-on-mars.html https://www.antipope.org/charlie/blog-static/2021/02/central...
  - sxp 6y ago
    > MuskCoin is required in payment for cargo capacity on Earth-to-Mars shipping, or for purchasing real estate on Mars. It has a floating terrestrial exchange rate: the idea is that it's used for mediating interplanetary exchanges. That sounds like the currency in Artemis by Andy Weir (of The Martian fame) which used "slugs" as a currency on Luna: > “It’s short for soft-landed grams. S-L-G. Slug. One slug gets one gram of cargo delivered from Earth to Artemis, courtesy of KSC.” “It’s technically not a currency,” Trond said from the credenza. “We’re not a country; we can’t have a currency. Slugs are pre-purchased service credit from KSC. You pay dollars, euros, yen, whatever, and in exchange you get a mass allowance for shipment to Artemis. You don’t have to use it all at once, so they keep track of your balance.” ... “It ended up being a handy unit for trade. So KSC is functioning as a bank. You’d never get away with that on Earth, but this isn’t Earth.”
blamestross 6y ago
cstross's books were formative for me. I read accelerando when I was 16. He convinced me that making new technology (and avoiding others) was a task worthy of my life's focus. So, in part, blame him for me :sweat-smile:
- krapp 6y ago
  Have you been sitting on this username for nearly five years just waiting to be able to make this comment?
  - blamestross 6y ago
    Yes.
- sxp 6y ago
  Yes! Accelerando was the first Singularitarian novel I ever read and I read it in college around the time I read Vinge's original essay so it had a strong influence on my career path.

BlueTemplar 6y ago

Even better, the author, Charles Stross, has kind of predicted cryptocurrencies (specifically Ethereum and this "RedCoin") in his (begun in 1999 !) book : Accelerando (Which otherwise is first about a technological singularity.) : > One of his e-mail accounts is halfway to the moon with automatic messages, companies with names like agalmic.holdings.root.8E.F0 screaming for the attention of their transitive director. Each of these companies – and there are currently more than sixteen thousand of them, although the herd is growing day by day – has three directors and is the director of three other companies. Each of them executes a script in a functional language Manfred invented; the directors tell the company what to do, and the instructions include orders to pass instructions on to their children. In effect, they are a flock of cellular automata, like the cells in Conway's Game of Life, only far more complex and powerful. > Manfred's companies form a programmable grid. Some of them are armed with capital in the form of patents Manfred filed, then delegated rather than passing on to one of the Free Foundations. Some of them are effectively nontrading, but occupy directorial roles. Their corporate functions (such as filing of accounts and voting in new directors) are all handled centrally through his company-operating framework, and their trading is carried out via several of the more popular B2B enabler dot-coms. Internally, the companies do other, more obscure load-balancing computations, processing resource-allocation problems like a classic state central planning system. None of which explains why fully half of them have been hit by lawsuits in the past twenty-two hours. > The lawsuits are ... random. That's the only pattern Manfred can detect. Some of them allege patent infringements; these he might take seriously, except that about a third of the targets are director companies that don't actually do anything visible to the public. A few lawsuits allege mismanagement, but then there's a whole bizarre raft of spurious nonsense: suits for wrongful dismissal or age discrimination – against companies with no employees – complaints about reckless trading, and one action alleging that the defendant (in conspiracy with the prime minister of Japan, the government of Canada, and the Emir of Kuwait) is using orbital mind-control lasers to make the plaintiff's pet chihuahua bark at all hours of day and night. > Manfred groans and does a quick calculation. At the current rate, lawsuits are hitting his corporate grid at a rate of one every sixteen seconds – up from none in the preceding six months. In another day, this is going to saturate him. If it keeps up for a week, it'll saturate every court in the United States. Someone has found a means to do for lawsuits what he's doing for companies – and they've chosen him as their target. https://www.antipope.org/charlie/blog-static/fiction/accelerando/accelerando.html https://www.antipope.org/charlie/blog-static/fiction/acceler...