With some research and a little technical aptitude, distributed forms of money such as bitcoin can be used as the digital equivalent of cash, offering the potential for anyone to theoretically bank themselves without relying on traditional financial institutions.Additionally, innovative wallet technologies mean anyone can store vast amounts of value without the need to trust governments or banks. From brain wallets to paper wallets, multisig to BIP32 hierarchical deterministic technologies, the ability to store cryptocurrency value independent of a third party is becoming more sophisticated by the month.This all adds up to a revolution in personal finance that can be attributed to smart and enterprising developers who see digital currencies as a means for independence that has never before been possible.
Sommige Bitcoin- en blockchainadepten geloven dat deze gedistribueerde database een technische oplossing kan zijn voor veel maatschappelijke problemen. Maar gaan ze daarmee niet te makkelijk voorbij aan het feit dat technologie óók altijd politiek is?
On the one hand, they are a very powerful agent towards the “transactionalization of life”, that is of the fact that all the elements of our lives are progressively turning into transactions.Which overlaps with the fact that they become “financialized”. Everything, including our relations and emotions, progressively becomes transactionalized/financialized, and the Blockchain represent an apex of this tendency. This is already becoming a problem for informality, for the possibility of transgression, for the normation and normalization of conflicts and, thus, in prospect, for our liberties and fundamental rights, and for our possibility to perceive them (because we are talking about psychological effects).On the other hand, they move attention onto the algorithm, on the system, on the framework. Instead of supporting and maintaining the necessity and culture of establishing co-responsibility between human beings, these systems include “trust” in procedural ways. In ways which are technical. Thus, the necessity for trust (and, thus, on the responsibility to attribute trust, based on human relations) progressively disappears.Therefore, together with it, society disappears. Society as actively and consciously built by people who freely decide if and when to trust each other, and who collectively agree to the modalities of this attribution.
As many people here know, my interest in consensus mechanisms runs far and wide. In the KPMG research report I co-authored “Consensus: Immutable Agreement for the Internet of Value”, many consensus mechanisms were discussed. In Appendix 3 of the paper, many of the major players in the space discussed their consensus methodologies. One consensus mechanism which wasn’t in the paper was the Swirlds Hashgraph Consensus Algorithm. That whitepaper is a great read and this consensus mechanism holds quite a lot of promise. I have had many discussions with its creator, Leemon Baird and this blog post comes from conversations, questions and emails about the topic. Also at the end of the blog I asked Leemon to fill out the consensus questionnaire from the KPMG report and he graciously did. His answers appear at the end of this post.
We decentralists are committed to keeping blockchains open, neutral andimmutable. We’re committed to keeping blockchain systems decentralized. This informs all our actions and positions towards any developments in the crypto world and beyond. All attempts to violate any of the key blockchaincharacteristics should be fought. All changes to a blockchain’s rules thatintroduce new centralization risks or strengthen existing ones should be fought. Only developments that are clearly beneficial to decentralization or strengthen the three key blockchain characteristics should be supported and encouraged.The blockchain revolution won’t be centralized. Let’s make sure of it.
Over the past year, we have been working on a set of tools to issue, display, and verify digital credentials using the Bitcoin blockchain and the open badges specification. Today we are releasing version 1 of our code under the MIT open-source license to make it easier for others to start experimenting with similar ideas. In addition to opening up the code, we also want to share some of our thinking behind the design, as well as some of the interesting questions about managing digital reputations that we plan to continue working on.
The anarcho-capitalist incentive method is a bypass of societal payment systems. It allows bitcoin billionaires to make a fortune with crime and speculation on crime, or alternatively speculation on speculation on crime, without ever being traced (except maybe by the NSA), nor taxed.
Let me explain this reasoning in more detail, so you can let me know if any of it is wrong. All of the societally harmless uses of Bitcoin and Ethereum can be implemented in a safer manner using TALER, without bypassing the tax system which is, as flawed as it may be, the only instrument society has to redistribute from the wealthy to the poor. Without such a redistribution, the capitalist architecture collapses and humanity’s ability to exist on the planet dies with it. If everyone just cares about themselves, a future comes when the rich get chased by pitchforks while global challenges such as pollution and climate change would not be tackled by anyone.
Censorship has a long history and is practiced in many societies. There have been book burnings by fascist regimes, religions censoring texts, and even social media is being monitored and censored by governments. Uncensorme.xyz is a decentralized, censorship-free communication platform that runs on blockchain technology. The inherent immutability of the technology allows us to store messages in the massively shared and spread database that is the blockchain. Any data stored in the blockchain is permanent, and therefore free from any form of censorship. Information wants to be free. Uncensorme.xyz is not only here for freedom of communication, but also the preservation of information.
Dark web finds bitcoin increasingly more of a problem than a help, tries other digital currencies 13 Hours Ago | 00:53Criminals are dropping bitcoin in favor of other digital currencies that are harder for law enforcement to use in tracking activities in an anonymous corner of the internet known as the dark web, analysts said.Although hard numbers on criminal activity in digital currencies are difficult to pin down, Shone Anstey, co-founder and president of Blockchain Intelligence Group, estimates that illegal transactions in bitcoin have fallen from about half of total volume to about 20 percent last year.