Why Bitcoin matters for human rights, in two minutes.
Yeah, I guess we're stuck with those problems forever and can't do anything about that.
It wouldn't be a shame to me if it was a completely new thing.
Solving the issues in the video are more important than loyalty to a particular technology.
That said, I doubt it will be a completely new thing.
@jcbrand I’m a fan of the original idea.
Then I think how the current system still allows some semblance of reversability on the transactions. Reversability isn’t there for me as I exist today; it’s there for the senile 70yo me (if I live that long, which is unlikely).
I’m also not convinced anymore that traceability is a horrible thing.
It will also be an interesting problem to solve if it becomes feasible to reverse ECDSA private keys from public keys.
I would like something to be solved, but I don’t know how to solve it, or even what to solve. It’s still very unclear where the utopian dream ends and a realistic, useful tool begins. Nobody managed to present something that’s 1) useful, 2) not a money grab, 3) contains better anti-abuse properties than the current digital payments world.
I suppose these are the reasons why these days I avoid thinking about “crypto”, and why I don’t believe in viability of Bitcoin or the alternatives any time soon. Bitcoin is currently another ‘castles in the air’ scheme. (I should finish reading the whole book.)
Concerning interesting things happening with cryptocurrencies... I guess you're just not paying attention.
Much of the cutting edge of crypto-research is happening there and lots of cryptography academics are involved in high-profile projects.
Also, decentralized finance in general is an incredibly interesting and challenging space.
Traceability is related to privacy and is a two-sided sword.
Privacy is important IMO and a human right, but allowing privacy also enables pedophiles and criminals.
That's life unfortunately, although I still think privacy (also with purchases) is important.
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