CryptocurrencyBitcoin And The Crypto Anarchist Manifesto

Bitcoin And The Crypto Anarchist Manifesto


Comparing Bitcoin to barbed wire from Timothy May’s “Crypto Anarchist Manifesto” can give insight into the gravity of this seemingly abstract invention.

(Source)

Some of Bitcoin’s properties sound abstract. Properties like digital ownership, censorship resistance, decentralization and more. But the deeper you dig into the Bitcoin rabbit hole, the more you realize that Satoshi Nakamoto even implemented some mutually exclusive properties simultaneously: freedom of privacy and property rights. In fact, Bitcoin reconciles an uncensorable pseudonymous system and an extreme form of property rights. I would like to show why this combination was actually almost impossible by using an analogy based on the example of barbed wire in Timothy C. May’s “Crypto Anarchist Manifesto.”



Source link

Latest News

China tightens reins on quant trading after three-day ban on fund

Drone point view of the Shanghai skyline at sunrise.Aerialperspective Images | Moment | Getty ImagesChina is tightening regulatory...

What Is Multisig?

When it comes to storing your bitcoin, multisignature—or multisig for short—is widely recognized as one of the most...

A profile of ElevenLabs, whose AI voice cloning tech is being used to spoof politicians; five of ElevenLabs' 40 employees are dedicated to trust...

Margi Murphy / Bloomberg: A profile of ElevenLabs, whose AI voice cloning tech is being used to spoof...

Brickbat: Late or Early

Los Angeles station NBC4 reports that the California Department of Motor Vehicles may have improperly charged tens of...

Forget making coffee — Boston Dynamics puts Atlas to work lifting heavy automotive struts in latest flex

Boston Dynamics' flagship Atlas humanoid robot picks up and places heavy automotive struts with ease in new footage.In...

Must Read

- Advertisement -

You might also likeRELATED
Recommended to you