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I watched this on YT last night. Runa is awesome and gets it as always. She rocks. Yes, it is like Tor in that there is good with the bad, and public opinion on

I watched this on YT last night. Runa is awesome and gets it as always. She rocks. Yes, it is like Tor in that there is good with the bad, and public opinion on positive strengths can counter FUD narratives. Joseph reports accurately and matter of fact. LFB is just raising negative opinion. It’s a shame because at one point I thought LFB was a real advocate. He seems disillusioned.

sealeck 5y ago
Tor and cryptocurrency are completely different things; one is about freedom of expression and communication; the other is about removing what little accountability and transparency exists in the world financial system. Sure, people should be able to move small amounts of money anonymously, but the amount of power financial insitutions have by virtue of their ability to move trillions of dollars around means that at the very least there should be a right for the public to see how those affairs are conducted.
- randomhodler84 5y ago
  No! Both are about shifting the balance of power from the state to the individual. Cryptography and Cryptocurrency are evolutions in a continuum of technologies that empower the individual for privacy and security. They are technologies that care not for the existing power structures — they exist and the power structures better get used to and work with their existence. Software doesn’t care what you want. It just is.
  - Findecanor 5y ago
    That's a beautiful thought, but in reality cryptocurrency is either a wild west, or controlled by a few companies. There is no trust in the cryptocurrency system. A currency needs to be backed by trust in something to be a viable means of payment.
    - randomhodler84 5y ago
      Ahh! We don’t need trust, that’s the whole point and the great innovation. Cryptography works because it allows two parties to communicate without needing to trust the network not to eavesdrop or modify traffic. Cryptocurrency works because it allows two parties to exchange value without trusting each other, or the network processing the transactions. Trust is a weakness. If we can build zero-trust systems we can avoid entire classes of problems.
      - Findecanor 5y ago
        You're misunderstanding me. I'm not just talking about there not relying on a trusted party. I'm talking about trust in the system; trust that the system will be stable; trust that assets will keep their value; trust that I or the system won't be hacked But even then, the absence of trusted parties still seems like a abstract fantasy in reality. It seems as if most people who own cryptocurrency still do it through a trusted party — a coin exchange.
        randomhodler84 5y ago
        Thank you for responding! No I think I do understand, this isn’t just TTP. It’s about trustless interaction between peers all mutually agreeing on a universe view. Mostly exchanging money, for goods and services, one of the oldest human endeavors. Our abstractions in life all require some degrees of trust and trust delegation so it is a difficult concept to grasp in a pure computation/storage domain. CEXs (centralized exchanges) are a trusted party, however they are not part of the protocol anymore than any other peer. Email being a decentralized protocol is analogous. The spec doesn’t care if most use big providers. What is trust? A belief or a delegation of belief to another party or system holding a particular universe view. That view that cannot be proven by rigorous or universal concepts like A < B. When commerce can occur without requiring ‘trust of the money’, we have removed a major vulnerability in which parties can manipulate the universe view. So much of the time and energy spent on protecting paper (a universe view) just doesn’t need to be spent. I get that the value is volatile relative to fiat systems. But we are in a transitionary period and the true value to humanity at last is only just starting to dawn on people. Stop thinking in “Bitcoin”, and start thinking about how you can add value through goods and services and how many sats you will charge.

sealeck 5y ago

Tor and cryptocurrency are completely different things; one is about freedom of expression and communication; the other is about removing what little accountability and transparency exists in the world financial system. Sure, people should be able to move small amounts of money anonymously, but the amount of power financial insitutions have by virtue of their ability to move trillions of dollars around means that at the very least there should be a right for the public to see how those affairs are conducted.

randomhodler84 5y ago
No! Both are about shifting the balance of power from the state to the individual. Cryptography and Cryptocurrency are evolutions in a continuum of technologies that empower the individual for privacy and security. They are technologies that care not for the existing power structures — they exist and the power structures better get used to and work with their existence. Software doesn’t care what you want. It just is.
- Findecanor 5y ago
  That's a beautiful thought, but in reality cryptocurrency is either a wild west, or controlled by a few companies. There is no trust in the cryptocurrency system. A currency needs to be backed by trust in something to be a viable means of payment.
  - randomhodler84 5y ago
    Ahh! We don’t need trust, that’s the whole point and the great innovation. Cryptography works because it allows two parties to communicate without needing to trust the network not to eavesdrop or modify traffic. Cryptocurrency works because it allows two parties to exchange value without trusting each other, or the network processing the transactions. Trust is a weakness. If we can build zero-trust systems we can avoid entire classes of problems.
    - Findecanor 5y ago
      You're misunderstanding me. I'm not just talking about there not relying on a trusted party. I'm talking about trust in the system; trust that the system will be stable; trust that assets will keep their value; trust that I or the system won't be hacked But even then, the absence of trusted parties still seems like a abstract fantasy in reality. It seems as if most people who own cryptocurrency still do it through a trusted party — a coin exchange.
      - randomhodler84 5y ago
        Thank you for responding! No I think I do understand, this isn’t just TTP. It’s about trustless interaction between peers all mutually agreeing on a universe view. Mostly exchanging money, for goods and services, one of the oldest human endeavors. Our abstractions in life all require some degrees of trust and trust delegation so it is a difficult concept to grasp in a pure computation/storage domain. CEXs (centralized exchanges) are a trusted party, however they are not part of the protocol anymore than any other peer. Email being a decentralized protocol is analogous. The spec doesn’t care if most use big providers. What is trust? A belief or a delegation of belief to another party or system holding a particular universe view. That view that cannot be proven by rigorous or universal concepts like A < B. When commerce can occur without requiring ‘trust of the money’, we have removed a major vulnerability in which parties can manipulate the universe view. So much of the time and energy spent on protecting paper (a universe view) just doesn’t need to be spent. I get that the value is volatile relative to fiat systems. But we are in a transitionary period and the true value to humanity at last is only just starting to dawn on people. Stop thinking in “Bitcoin”, and start thinking about how you can add value through goods and services and how many sats you will charge.