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Are you suggesting that the Bahamas infiltrated FTX with guns and took their keys?
by Petersipoi 4y ago
Are you suggesting that the Bahamas infiltrated FTX with guns and took their keys?
- scq 4y agoNo. They just told FTX to transfer the money, and FTX complied.
- ceejayoz 4y agoNo, they're suggesting that SBF is in their jurisdiction, which gives them substantial "do what we say, or else" power.
- thrown_22 4y agoWe could call that problem something fancy like the Byzantine General Problem and try and figure out ways to solve it mathematically.
- deleted 4y ago[deleted]
- arcticbull 4y agoIt's the $5 wrench problem and unless you find a way to land adamantium bones, I suspect math won't help.
- thrown_22 4y ago>Hur hur, street smarts better than smart smarts. It's a solved problem, and has been since the first bitcoin paper. That no one read that and just heard "magic internet gold I can get rich from" is their problem and not mine. You don't get rich quick off the bitcoin protocol however so we have people run places like FTX: centralize and get the big bucks because they provide convenience. Then act surprised when it goes tits up like every other centralized system. Same thing with people not encrypting their emails or not using tor as a bridge to the internet. In short: if you're the type of person who doesn't have their own key, yeah, prepare to get wrenched. The rest of us can manage our exposure quite easily.
- arcticbull 4y ago> > Hur hur, street smarts better than smart smarts. I never said that, all I said was that this is not the BGP problem, it's the $5 wrench problem. And it's not a solved problem, governments seize crypto all the time and people get tortured for their keys regularly. Just a few days ago the US picked up 50,000BTC. All of crypto is a get rich quick scheme, but people want their winnings denominated in fiat which is why exchanges exist. It's hard to reconcile "best performing asset in history!!" with "you can't get rich off bitcoin." > In short: if you're the type of person who doesn't have their own key, yeah, prepare to get wrenched. The rest of us can manage our exposure quite easily. You have this completely reversed. If you're the type of person who does have their own keys prepare to get wrenched.
- thrown_22 4y ago>Every criminal we have caught was stupid, ergo all criminals are stupid. Sure thing bud.
- dendriti 4y agoOK so not actually guns but "government" then. Not as dramatic though. OP is likely the same kind of person who calls taxes "theft" for rhetorical purposes.
- nostromo 4y agoHow do you think governments force people to do things they otherwise wouldn’t do?
- theossuary 4y agoUsing people. Governments have been powerful far longer than guns have existed.
- bigyikes 4y agoWhat are the people holding if you resist with enough strength?
- devmunchies 4y ago> using people You mean violence. Physical force. In that context, the means is irrelevant and pedantic.
- Dylan16807 4y agoSo why specify guns? Especially when they're so rarely used in situations like this.
- smegger001 4y agobecause most governments quit using swords long enough ago that guns are now the symbol representing violent force.
- lazide 4y agoUsed? Sure. You don’t need to use it when everyone knows what will happen. The presence is enough 99% of the time. Or are you saying cops don’t have real pistols in their holsters, and agents just pretend to be armed on those raids?
- roywiggins 4y agoIt probably looks like someone showing up with a court order, but government agents with the right to use violence to enforce court orders is a large portion of what gives such orders teeth. Of course, violence isn't the only sort of coercion... but it's part of it.