2 ms·
The whole idea behind a public ledger of transactions and balances when you're trying to push back against a totalitarian government is nonsense. If you're putt
by arcticbull 5y ago
The whole idea behind a public ledger of transactions and balances when you're trying to push back against a totalitarian government is nonsense. If you're putting criminal or fringe transactions on the ledger, then handing the ledger to the government saying "I bet you can't figure this out!" You're not making transactions, you're making prosecution futures.
If someone tried to use Bitcoin to evade the PRC I'd say they had a death wish.
Remember, you're not leveraging crypto promises against current deanonymization software, you're using it against all future deanonymization software. That's such a bad idea I can't even.
The only reason it's at all worked in Western democracies is because the anarchocapitalists are "pushing back" against a government that either tolerates or supports them. Worse, when they use the technology against Western democracies their actions are anti-Democratic. They're hoping the minority can overturn the lawful actions of the majority instead of using the courts or electoral processes.
[edit] The folks who truly advocate crypto as a tool to push back against a totalitarian government are the kind of people who read 75% of 1984, closed the book, and assume Winston went home to have a sip of Victory Gin and lived happily ever after.
- sweetbitter 5y agoSo your argument is that the protestors should just learn about the constraints of chains like Monero and use those?
- arcticbull 5y agoI think even in that situation it's not clear that something like Monero will keep you safe in perpetuity - or even today - against a well capitalized state actor. The fact folks haven't gotten banged up for it yet isn't an indication it's safe - far from it. A honeypot behaves the same way until it does not.