4 ms·
It can allow some pretty cool things. For instance, a end-to-end open source VPN. The nodes are hosted on an open source 'decentralized cloud', that is made p
by WhisperingShiba 5y ago
It can allow some pretty cool things. For instance, a end-to-end open source VPN. The nodes are hosted on an open source 'decentralized cloud', that is made possible by crypto, which allows users to know exactly what the server providers are doing with their information and ensures fair play. This is something which you can use right now, and is cheaper (for my use case) than buying a VPN.
Here is another notion. If you want to be anonymous you have to use anonymous protocols. If you explicit want to be able to track the movement of the tokens you are providing, like if you are a government who wants to ensure money is not moving to incorrect places, this is enabled easily and openly through crypto protocols.
I didn't meant the Nazi Germany thing to be a strawman, I was trying to be humorous while also bringing a historical example of the failings of government that is un-doubtable.
- debrice 5y agoI believe the principle of paying taxes on transactions (aka traceability and accountability) is a way to finance the infrastructure allowing you to safely operate your business (cops, army, schools, roads…). Total anonymity seems like you might try to outsmart society which might not payoff in the long run (not saying all societies are perfect)
- WhisperingShiba 5y agoIf you are interested in how game theory might solve the tragedy of the commons, see Vitalik's article: https://vitalik.ca/general/2019/12/07/quadratic.html https://vitalik.ca/general/2019/12/07/quadratic.html You should keep in mind. Public traceability is the default mode of Crypto. Public ledgering is the foundation of crypto protocols, after all. Only Monero has emerged as a viable anonymous product, and the one most traded on the dark net.