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I genuinely hope it IS a honeypot. I am attracted to BitCoin-as-a-currency by it's near-zero-transaction-cost property. I am attracted to the technology (for

I genuinely hope it IS a honeypot. I am attracted to BitCoin-as-a-currency by it's near-zero-transaction-cost property. I am attracted to the technology (for peer-to-peer trading), by it's potential to disrupt traditional asset classes. I am rather disinterested in the privacy/secrecy aspect of the technology. Indeed, I would quite like to see ALL financial transactions made public; as that would greatly assist the fight against corruption, and many many many forms of wrongdoing.

VMG 13y ago
Would you also like to install a camera in my bedroom?
- mindcrime 13y ago
  > Would you also like to install a camera in my bedroom? Why bother, when you could just use the NSA one?
  - w_t_payne 13y ago
    Are you keeping up with your duties? Did you perform your ritual of self-criticism this morning? Remember, you have to chant your oath of loyalty and subservience to Gen^H^H^H Lord Alexander at least five times a day!
    - tedunangst 13y ago
      I think you mean, did you remember to post "this is what a police state looks like" on reddit five times a day? :)
deleted 13y ago
[deleted]
waqf 13y ago
Making every transaction public imposes a transaction cost in itself.
jes 13y ago
It would be helpful if you would clarify what you mean by "all financial transactions." What about transactions such as a teenage girl buying a pregnancy test kit? Should the children in her high school be able to go to a website and see that she purchased a pregnancy test? What about the guy that is struggling with alcoholism? Should his purchases of drugs such as Naltrexone be a matter of public record as well?
- tedunangst 13y ago
  Assuming those people are purchasing their meds from multi product vendors, you wouldn't have that level of detail. You've built a straw man. But, yes, I believe the general idea is that there is a webpage where you could see that little Sally spent $11.87 at the pharmacy on Saturday.
  - jes 13y ago
    w_t_payne did not specify the level of detail, so it's conceivable that s/he intended that the transactions be sufficiently detailed so as to be able to ascertain, for example, what products Sally purchased. But even in your case, indicating anything about Sally's activities seems to me to put her at the mercy of the tribe, such that they might start asking her "So, what did you buy at the pharmacy, Sally? I see EPT test kits are $11.87, when you include sales tax. I'll bet you're sexually active! Am I right?" With respect, there are reasons that are both legitimate and moral to not have to disclose one's activities to strangers, and compromising on this principle isn't a good idea, in my view.
    - tedunangst 13y ago
      Maybe someday I'll learn not to clarify somebody else's post.
      - jes 13y ago
        I appreciated your comment and the opportunity to further discuss a topic (privacy) that I think is important and under attack in our society today. Thank you.

VMG 13y ago

Would you also like to install a camera in my bedroom?

mindcrime 13y ago
> Would you also like to install a camera in my bedroom? Why bother, when you could just use the NSA one?
- w_t_payne 13y ago
  Are you keeping up with your duties? Did you perform your ritual of self-criticism this morning? Remember, you have to chant your oath of loyalty and subservience to Gen^H^H^H Lord Alexander at least five times a day!
  - tedunangst 13y ago
    I think you mean, did you remember to post "this is what a police state looks like" on reddit five times a day? :)

deleted 13y ago

[deleted]

waqf 13y ago

Making every transaction public imposes a transaction cost in itself.

jes 13y ago

It would be helpful if you would clarify what you mean by "all financial transactions." What about transactions such as a teenage girl buying a pregnancy test kit? Should the children in her high school be able to go to a website and see that she purchased a pregnancy test? What about the guy that is struggling with alcoholism? Should his purchases of drugs such as Naltrexone be a matter of public record as well?

tedunangst 13y ago
Assuming those people are purchasing their meds from multi product vendors, you wouldn't have that level of detail. You've built a straw man. But, yes, I believe the general idea is that there is a webpage where you could see that little Sally spent $11.87 at the pharmacy on Saturday.
- jes 13y ago
  w_t_payne did not specify the level of detail, so it's conceivable that s/he intended that the transactions be sufficiently detailed so as to be able to ascertain, for example, what products Sally purchased. But even in your case, indicating anything about Sally's activities seems to me to put her at the mercy of the tribe, such that they might start asking her "So, what did you buy at the pharmacy, Sally? I see EPT test kits are $11.87, when you include sales tax. I'll bet you're sexually active! Am I right?" With respect, there are reasons that are both legitimate and moral to not have to disclose one's activities to strangers, and compromising on this principle isn't a good idea, in my view.
  - tedunangst 13y ago
    Maybe someday I'll learn not to clarify somebody else's post.
    - jes 13y ago
      I appreciated your comment and the opportunity to further discuss a topic (privacy) that I think is important and under attack in our society today. Thank you.