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It amazes me that crypto-fanboys simply refuse to think through the failure modes of their toy projects. If you put your domains or your money on the blockchain
by fsh 4y ago
It amazes me that crypto-fanboys simply refuse to think through the failure modes of their toy projects. If you put your domains or your money on the blockchain, and you lose your keys, your domains or your money are gone with no recourse. This makes it obviously unusable in practice (keys get stolen all the time), and the only solution is centralized governance. This is fundamentally the oracle problem, and adding more and more layers of bullshit complexity won't fix it.
Some ZKP-Voodoo may provide weak anonymity (the votes are not immediately obvious), but the voter can still prove to a third party who he or she voted for. Obviously this makes it vulnerable to vote buying and voter intimidation.
- mhluongo 4y agoHm, by that logic we shouldn't ever do cryptography at all I guess? I mean keys get lost all the time, what's the point? On ZKPs... seriously, you're calling cutting edge advances in cryptography "voodoo"? Do you not realize how anti-intellectual that is? There are plenty of proofs for truly anon voting, without auditability if that's what you so desire. More protocols include it than not because it turns out people want to be able to audit elections! The difference in this system is users have to volunteer the information, rather than rely on an election operator.