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Exactly. Which is why I also added unenforceable. The government can make idiotic evil and harmful laws till the cows come home, and history shows that indeed t
by etherael 4y ago
Exactly. Which is why I also added unenforceable. The government can make idiotic evil and harmful laws till the cows come home, and history shows that indeed they do.
The value in innovations like cryptocurrency are about making a particular class of the above idiotic laws unenforceable, to the extent they are successful. Other similar products exist which make other forms of law similarly unenforceable, for example Tor for dissidents in totalitarian regimes looking to smuggle information into or out of their open air prison camps, etc.
The harder agencies try that produce and attempt to enforce these fundamentally unenforceable laws, over time, the less able they will be to do so, because the nature of cryptography is that the mathematics massively favours the defender to such an extent that even the lumbering behemoths we have in nation states are inadequate to breach it if done correctly. The best they can do is breach supporting infrastructure around it, which just ends up as an evolutionary fitness function for the removal of such vulnerable supporting infrastructure, until they end up creating the monster they simply can't kill.
Which is fortunate, because I dread to imagine a world they actually had the absolute power they so desperately covet.