4 ms·
> particularly when zero knowledge based networks allow validation of network transactions without knowledge of who is transacting, what transaction is taking p
by agentultra 5y ago
> particularly when zero knowledge based networks allow validation of network transactions without knowledge of who is transacting, what transaction is taking place, or when it might occur.
Sounds great if you want to buy things law enforcement would be interested in tracking down.
> Those things seem important.
Understatement of the year.
> Imagine a world where the people ruled by a government have some say in whether they're doing a good job with monetary policy or not.
Assuming you live in the US, then you do -- it's called democracy.
But giving power to a handful of rich people and asking them to make monetary policy is an oligarchy and it's not a good idea.
- idiotsecant 5y ago>But giving power to a handful of rich people and asking them to make monetary policy is an oligarchy and it's not a good idea. Oh geez, we should probably stop doing that then.
- agentultra 5y agoAgreed. This is what I mean about giving a bunch of programmers/developers the power to choose new forms of governance/financial infrastructure. These are social structures that affect everyone and shouldn't be given to developers no matter how well-meaning they are.