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I was making a general argument for improving security at all levels and the few examples that I gave were not meant to be an exhaustive list, in case that was
by lifty 5y ago
I was making a general argument for improving security at all levels and the few examples that I gave were not meant to be an exhaustive list, in case that was not obvious.
As for outlawing cryptocurrency, that's a very narrow minded approach and it's very similar to banning encryption because criminals use it to evade law enforcement. Crypto asset networks are protocols so don't expect applications to produce end user value over night, just like TCP and HTTP didn't produce value over night.
- slver 5y agoAll right, welcome your ransomware organized crime overlords then. BTW, I've never seen cryptocurrencies used for ANYTHING good yet. It's about hiring hitmen, buying drugs, buying child porn, stealing wallets from naive fools, stealing power by illegally hooking hidden mining centers to the grid, stealing power through mining malware, and so on and so on. Crypto is a pyramid scheme for idiots, and on top of those idiots is propped up an entire ecosystem of illegal activity. Since we already have enough currencies in the world, and decentralization only means theft can't be stopped at all and regulated, I'd say this mythical "value" of coins will never happen. The use case for regular law-abiding citizens buying shit online is already addressed. The use case for regular law-abiding companies doing large financial & asset transactions is also already addressed. What wasn't addressed is anonymous cash transactions for criminals online, and that's what coins addressed. We don't need that.
- martinko 5y agoThis is a very first world take.
- lifty 5y agoYou're right, and the Internet is a cesspool of imoral time wasters, supporting a whole industry of pornography sex deviants, child abusers and terrorists. We should ban encryption and mandate government issued Internet IDs /s If you supported something like a ban on encryption or government issues Internet ID, I would honestly be contempt and respect your principled view, but I doubt you do.
- slver 5y agoI have no idea what you're talking about, but it sure seems like you want to set a different topic and put words in everyone else's mouth, so it's easier to argue with them.
- shawnz 5y agoCriminals also benefit from plain old encryption of messages too. Intelligence agencies will say criminals use encryption to organize terrorism, exchange abusive materials, etc. They will say that regular law-abiding citizens don't need strong encryption which isn't backdoored by the government. The use case of private messaging is already addressed (just do it in state controlled channels). So why shouldn't we ban it too? > decentralization only means theft can't be stopped at all and regulated, I'd say this mythical "value" of coins will never happen. You just explained the exact value proposition. Just because right now most westerners are able to have a reasonable degree of trust in their financial institutions doesn't mean that privacy "backstops" like strong encryption and cryptocurrency aren't beneficial.
- slver 5y agoLook I'll restate my position in simpler words again: Encryption has good uses, and some bad uses. Cryptocurrencies have only bad uses. See the difference?
- shawnz 5y agoI'll restate my argument in simpler words too: What are the good uses of strong encryption that aren't solved by government controlled encryption?
- slver 5y agoDo you even realize most of the crypto research is done by the NSA, a government agency? https://en.wikipedia.org/wiki/NSA_cryptography https://en.wikipedia.org/wiki/NSA_cryptography Yes, AES, SHA and so on, that's all the NSA. If instead by "government controlled" you mean the government has a backdoor, then two things: 1. Most governments already have a backdoor in many major companies' cloud services. 2. The actual algorithm can't have a backdoor because there's no way to design it so it's "government-only". It'd be one key away from becoming every criminal's backdoor. So as you see, everything actually makes sense there.
- 5y ago
- superdisk 5y agoEnjoy using money that is inflated beyond belief at the whim of the government.