My experiences are the norm, I think. Identity credentials are rarely
checked, and most people don't care too much. (An important point is that
in a cash economy, identity is almost irrelevant. It's only in non-cash, or
"account-based," economy that True Names are demanded. Lots of interesting
issues to discuss here, which I won't now.) https://mailing-list-archive.cryptoanarchy.wiki/archive/1995/08/133cdf9b737ddcac9f007724132184275f6276bb918f2daa7e95c613b22c3acf/
I'm continuing my exploration of the cypherpunks mailing list. Here is a mail from Tim May discussing the rationale and risks of a cashless society which is eerily relevant for today (it's 1992 folks!)
@Sosthene That is a fair concern, but they won't be able to steal from everyone with a single key stroke (eg. Greece).
They will have to go after each person individually. Privacy/plausible deniability tech and good opsec will make it potentially very expensive. Occasional gun ownership will also help create a herd immunity. 😉
@TallTim in the case of Bitcoin the principal-agent problem works in our favor. Governments rely heavily on hordes of disinterested agents to do their bidding.
RT @[email protected]
Join Blockstream Core Tech Engineer Dr. @[email protected] this Wed. at 15:00 UTC for a live webinar on getting started on #clightning! Topics include how you might use c-lightning, building basic apps using c-lightning, & its strengths over other implementations. ⚡️ https://www.bigmarker.com/blockstream/Getting-Started-with-c-lightning3-2019-09-04-03-00-pm
Some say governments can force people to use their debased fiat money.
As fiat and even hard assets stop functioning as reliable ways to store unseizable value, Bitcoin will increasingly become the only useful measure of personal wealth.
Government workers, like everyone else, will demand a salary priced in Bitcoin.
As people realize the government can't create or seize Bitcoin to pay them, they will be forced to directly exchange productive work for Bitcoin instead.
Nice LTB podcast about Erlay, Dandelion and Bitcoin in Hong Kong with @christinabahk and Leo. I really like these interviews with people who have regional knowledge about Bitcoin.
Watching Schnorr signatures presentation by Peter Wuille at SF Bitcoin developpers meetup, that's a bit hard but fascinating
A couple of weeks back in Manchester I remember saying to Paddy McCorry "the canonical Bitcoin user is probably a Nigerian trader paying a businessman in China to avoid capital controls" - which I was entirely making up, albeit based on a few vague understandings of how the word actually works.
Now listen around 36-38 minutes to the new LTB podcast 402 "The Tools and the Work pt 2" (sorry not on website yet). Quote "millions to hundreds of millions per day .. in bitcoin".
"Concentrated power is not rendered harmless by the good intentions of those who create it." - Milton Friedman #bitcoin
Cool, this is about as cypherpunk as it gets :)
It was a mixing service (centralized). I don't read Dutch but someone just linked this on IRC: https://www.fiod.nl/fiod-en-om-halen-witwasmachine-voor-cryptovaluta-offline/
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@emzy Alex was on 🔥
He totally gets the why and how of Bitcoin.
"It's difficult to make Big Brother work without payment surveillance."
WATCH. BOOKMARK. WATCH AGAIN. >> https://youtu.be/CyieujRFk3g?t=13818
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The ZmnSCPxj hits just keep on coming:
I haven't actually read the detailed proto description, but the outline sounds very smart already.
" a European trader who wants to buy gas from an Iranian supplier and a European manufacturer who wants to sell aircraft parts to an Iranian company. Instead of the trader paying the Iranians for the gas, they would transfer the money to their fellow European manufacturer (in lieu of payment from its Iranian customer). At the same time, the Iranian aircraft company would pay its compatriot gas supplier for the supplies sent to Europe. Hence no cross-border money flows."
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