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notes/bitcoin-as-anti-authoritarian.md
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@ -66,11 +66,11 @@ We will conclude that **Bitcoin and crypto generally is not an liberatory force
* Extranational arms sales
* Money laundering
* Drug sales
* **There is an inescapable evil and bleak brute reality to the human condition in 2022 that we can’t just ignore. **As technologists we should build and design technologies which try to minimize and disincentivize evil things because that’s how progress is slowly achieved.
* **There is an inescapable evil and bleak brute reality to the human condition in 2022 that we can’t just ignore.** As technologists we should build and design technologies which try to minimize and disincentivize evil things because that’s how progress is slowly achieved.
* Bitcoin isn't as private as people might think.
* Nassim Taleb on Bitcoin being traceable. If you’re going up against even a mildly sophisticated actor, it won’t really work because the ledger is public.
* *“By its very nature, bitcoin is open for all to see. The belief in one’s ability to hide one’s assets from the government with a public blockchain easily triangularizable at endpoints, and not just read by the FBI but also by people in their living rooms, requires a certain lack of financial seasoning and statistical understanding — perhaps even a lack of minimal common sense. For instance, a Wolfram Research specialist was able to statistically detect and triangularize "anonymous" ransom payments made by Colonial Pipeline on May 8 in 2021 — and it did not take long for the FBI to restore the funds. We can safely assume that government structures and computational power will remain stronger than those of distributed operators who, while distrusting one another, can fall prey to simple hoaxes”
* [..] The slogan "Escape government tyranny hence bitcoin" is similar to advertisements in the 1960s extolling the health benefits of cigarettes.*
* *“By its very nature, bitcoin is open for all to see. The belief in one’s ability to hide one’s assets from the government with a public blockchain easily triangularizable at endpoints, and not just read by the FBI but also by people in their living rooms, requires a certain lack of financial seasoning and statistical understanding — perhaps even a lack of minimal common sense. For instance, a Wolfram Research specialist was able to statistically detect and triangularize "anonymous" ransom payments made by Colonial Pipeline on May 8 in 2021 — and it did not take long for the FBI to restore the funds. We can safely assume that government structures and computational power will remain stronger than those of distributed operators who, while distrusting one another, can fall prey to simple hoaxes”*
* [..] *The slogan "Escape government tyranny hence bitcoin" is similar to advertisements in the 1960s extolling the health benefits of cigarettes.*
* **Trying to undermine powerful nation states is fraught with risk for individuals.**
* The massive power asymmetries of authoritarian regimes and their control over both traditional payment rails and domestic implies that dissidents attempting to use crypto assets to circumvent repression or capital controls will find it very difficult to move assets or cash out.
* Countries with the worst human rights records have very sophisticated surveillance software (Saudi Arabia, Russia, China) they use to monitor and control information and money flow.