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Try different angles to see at these cases. Tax evasion is good if your government happened to be terrorist regiment (maybe not a case for citizen of first-wor

Try different angles to see at these cases. Tax evasion is good if your government happened to be terrorist regiment (maybe not a case for citizen of first-world). Money laundering is not from my list, I don't know is it possible to convert crypto to cash enough safely. Gambling is not any bad, to be honest, and instead of child porn case you may consider something less controversial like buying a vpn if your govt really don't want you to; or buying weed with less contact than using a contactless card in those countries who offers legal way for buying that. And seems nobody is noticing the most beautiful part of cryptocurrency's nature - storing some bits of data if you really don't want that to be deleted. Any flash card might became unreadable, any manuscript might became destroyed and any judge might commit a wrong decision about your property. But any enough popular blockchain ought run forever with all the data guaranteed to be untouched.

marginalia_nu 5y ago
The blockchain requires the energy consumption of a small country to maintain your eternal bits. You think that will go on forever, especially in a future where energy prices keep rising as fossil fuels are phased out?
- eimrine 5y ago
  > The blockchain requires the energy consumption of a small country. This is a lie, so the question of yours just does not exist.
  - marginalia_nu 5y ago
    https://digiconomist.net/bitcoin-energy-consumption/ https://digiconomist.net/bitcoin-energy-consumption/ This site puts Bitcoin about on par with Thailand. https://digiconomist.net/ethereum-energy-consumption https://digiconomist.net/ethereum-energy-consumption Ethereum is about a Khazakstan.
    - eimrine 5y ago
      That data you have mentioned is not about requirements. For example, world military spendings for 2021 is $2113 billion (just googled it, if you need a source of data). But that number is not a requirement, it is kind of a measure of world's imperfection. Crypto's energy consuming might be reduced drastically as well as the number I have mentioned. I can tell some more of scary stories: if that military spendings will not be reduced, the meaning of "forever" word may be not as much time as you expect. In another words, the digits I have mentioned are killing us way faster then the digits you have mentioned. So I don't see any problem for using "forever" word in that case.
jfk13 5y ago
> most beautiful part ... > ... any enough popular blockchain ought run forever Really? And how do you decide which of all the thousands of blockchains to store your bits on? Just because one chain seems popular today doesn't guarantee it'll be popular next year or next century; most likely some other shinier blockchain-successor will eventually supplant it, and it'll fade away. So to preserve your data "forever", you'll need to constantly monitor the blockchain ecosystem, and make sure you copy your data to another blockchain if the one you picked first shows signs of decline. Or just use a few copies of normal storage media, copying them to fresh media at intervals. This is a solved problem. Blockchain offers nothing here.
- eimrine 5y ago
  > And how do you decide which of all the thousands of blockchains to store your bits on? Bitcoin's one, because Bitcoin is a flagman of all cryptocurrency movement. If somebody invents better blockchain than current Bitcoin's blockchain, that improvement will be implemented to Bitcoin for the sake of trust to the cryptocurrency with the longest history. > So to preserve your data "forever", you'll need to constantly monitor the blockchain ecosystem, and make sure you copy your data to another blockchain if the one you picked first shows signs of decline. I disagree with you. All you need is make sure your tx is not orphan. Abandoning Bitcoin for the sake of new Bitcoin-like cryptocurrency is against the promice of Bitcoin. > Or just use a few copies of normal storage media, copying them to fresh media at intervals. This is a solved problem. Blockchain offers nothing here. You miss the point of storing some bits forever. Forever is 100% uptime, period.

marginalia_nu 5y ago

The blockchain requires the energy consumption of a small country to maintain your eternal bits. You think that will go on forever, especially in a future where energy prices keep rising as fossil fuels are phased out?

eimrine 5y ago
> The blockchain requires the energy consumption of a small country. This is a lie, so the question of yours just does not exist.
- marginalia_nu 5y ago
  https://digiconomist.net/bitcoin-energy-consumption/ https://digiconomist.net/bitcoin-energy-consumption/ This site puts Bitcoin about on par with Thailand. https://digiconomist.net/ethereum-energy-consumption https://digiconomist.net/ethereum-energy-consumption Ethereum is about a Khazakstan.
  - eimrine 5y ago
    That data you have mentioned is not about requirements. For example, world military spendings for 2021 is $2113 billion (just googled it, if you need a source of data). But that number is not a requirement, it is kind of a measure of world's imperfection. Crypto's energy consuming might be reduced drastically as well as the number I have mentioned. I can tell some more of scary stories: if that military spendings will not be reduced, the meaning of "forever" word may be not as much time as you expect. In another words, the digits I have mentioned are killing us way faster then the digits you have mentioned. So I don't see any problem for using "forever" word in that case.

jfk13 5y ago

> most beautiful part ... > ... any enough popular blockchain ought run forever Really? And how do you decide which of all the thousands of blockchains to store your bits on? Just because one chain seems popular today doesn't guarantee it'll be popular next year or next century; most likely some other shinier blockchain-successor will eventually supplant it, and it'll fade away. So to preserve your data "forever", you'll need to constantly monitor the blockchain ecosystem, and make sure you copy your data to another blockchain if the one you picked first shows signs of decline. Or just use a few copies of normal storage media, copying them to fresh media at intervals. This is a solved problem. Blockchain offers nothing here.

eimrine 5y ago
> And how do you decide which of all the thousands of blockchains to store your bits on? Bitcoin's one, because Bitcoin is a flagman of all cryptocurrency movement. If somebody invents better blockchain than current Bitcoin's blockchain, that improvement will be implemented to Bitcoin for the sake of trust to the cryptocurrency with the longest history. > So to preserve your data "forever", you'll need to constantly monitor the blockchain ecosystem, and make sure you copy your data to another blockchain if the one you picked first shows signs of decline. I disagree with you. All you need is make sure your tx is not orphan. Abandoning Bitcoin for the sake of new Bitcoin-like cryptocurrency is against the promice of Bitcoin. > Or just use a few copies of normal storage media, copying them to fresh media at intervals. This is a solved problem. Blockchain offers nothing here. You miss the point of storing some bits forever. Forever is 100% uptime, period.