The blockchain is a tool that allows rogue traders to set up Ponzi schemes without going to prison. Crypto currency is simply an AI augmented attack on the global financial system, a playbook that is the first snowflake in what may become a nuclear winter of finance.
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Replying to @examachine
This might be the wrong conclusion. The safety of an infrastructure does not depend on its decentrality, but on provable correctness. Crypto leads to provably bad outcomes, and on top you don't have a central regulation that could deal with them.
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Replying to @examachine
Being robbed by a cartel is much better than being robbed by decentralized gangs. The consolidation of individuals robbers into cartels is the story of progress of human civilization.
5:36 AM - 16 Jul 2018
from Berlin, Germany
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