Prediction: this is the turning point people point to years from now when describing the end of Bitcoin's fungibility.https://twitter.com/elliptic/status/863199625519542273 …
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Replying to @zooko
I think everything that came before—SilkRoad, big Bitcoin thefts, etc.—were basically don't-cares to mainstream society and gov't. Not this.
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Replying to @zooko
And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …
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Replying to @zooko
I used to think this tweet bad, but upon deeper contemplation, I think it is exactly the way to go... We want privacy for consumers and businesses, but not for evil people.
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Replying to @MustStopMurad @zooko
I mean that’s the complexity of the problem, right? Who decides who the evil people are? What are the criteria?
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Replying to @cyounessi1 @zooko
There is no easy, one-off answer. All I’m saying is we need to figure out a way for warlords, arms traders and radicals to not have access to unfettered finance.
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Replying to @MustStopMurad @zooko
I'm pretty sure the thesis was that a crypto-centric world would diminish the existence of warlords in the first place. Or at least that was the ideal.
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Replying to @cyounessi1 @zooko
it makes regular taxation / inflation taxation harder so reduces State violence capacity. But there are non-State bad actors too...
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Replying to @MustStopMurad @zooko
so then you'd jeopardize the freedom of all the good actors in order to try to police the non-State bad actors. I'm pretty sure that's a non-starter for most crypto communities.
1 reply 0 retweets 2 likes
I agree with that. My original thinking was implying that Zcash is somewhat more amenable / workable with existing institutions and systems than Monero, in my opinion.
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