The Coming Digital Anarchy
Posted by Zenphamy 9 years, 11 months ago to Technology
Although the author describes AR in these terms: "the kill-or-be-killed ethos of the paranoid libertarian capitalist Ayn Rand" he describes a new world generated from blockchain, the underpinning of Bitcoin that is being applied to everything.
'Daniel Larimer, who is working on a tool called Bitshares to apply blockchain technology to banking, insurance and company shareholding, believes that this new breed of technologies will ultimately render government entirely obsolete.
“If you think about it, what is the reason for government? It’s a way of reaching global consensus over the theory of right and wrong, global consensus over who’s guilty and who’s innocent, over who owns what.
“They’re going to be losing legitimacy as more open, transparent systems are able to provide that function without having to rely on force. That’s my mission in life.”'
How much of this is driven by libertarianism compared to Objectivism, I haven't completely thought through yet - but the first reading makes me want to study block chain a lot more in depth. But a great article nevertheless.
'Daniel Larimer, who is working on a tool called Bitshares to apply blockchain technology to banking, insurance and company shareholding, believes that this new breed of technologies will ultimately render government entirely obsolete.
“If you think about it, what is the reason for government? It’s a way of reaching global consensus over the theory of right and wrong, global consensus over who’s guilty and who’s innocent, over who owns what.
“They’re going to be losing legitimacy as more open, transparent systems are able to provide that function without having to rely on force. That’s my mission in life.”'
How much of this is driven by libertarianism compared to Objectivism, I haven't completely thought through yet - but the first reading makes me want to study block chain a lot more in depth. But a great article nevertheless.
I had some basic questions.
* How do you know a secure wallet? (If anyone can claim to be YourBitCoinWallet.com, who have you just given your money to?)
Apparently, coinbase.com is tied somehow to BAIN, the Mitt Romney firm, for what that may be worth one way or the other...
I was told that there are three ways to store your coins: online, offline, and in the middle.
I took notes as I asked my questions of different people, sort of a Delphi Method. The next step for me is to read the SATOSHI NAKAMOTO WHITE PAPER.
The Nakamoto Institute here:
http://nakamotoinstitute.org/
His paper here:
http://nakamotoinstitute.org/bitcoin/
The Bitcoin wiki
https://en.bitcoin.it/wiki/Main_Page
The Liberal Alliance party, just seven years old, was founded on an ethos of economic liberalism – it supports a flat rate income tax of 40 per cent, for example – and has begun to use technology built on Ethereum for internal votes." -- from the original TELEGRAPH article cited.
http://www.telegraph.co.uk/technology/ne...