new @jillruthcarlson post slaps ofchttps://www.coindesk.com/cryptocurrency-is-most-useful-for-breaking-laws-and-social-constructs …
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Replying to @sonyasupposedly @jillruthcarlson
The state is going to let you synch your blockchain only for as long as the state believes that to be in its best interest. There is no true decentralized system as long as you don't control the communication infrastructure.
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Replying to @Plinz @jillruthcarlson
That's true in one sense and reductive in another. For example, in the United States, blatant constitutional overreach would be required, and the cost-benefit analysis isn't worth it. That's what you want, to be inconvenient and risky and expensive enough to shut down that you
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...stay on the right side of the cost-benefit analysis. See: https://medium.com/@jbackus/resistant-protocols-how-decentralization-evolves-2f9538832ada …
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Censorship and resistance, like surveillance and resistance, are Red Queen's races by nature; attackers and defenders level up in tandem over time, responding to the pressures of competitive innovation
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Replying to @sonyasupposedly @jillruthcarlson
Outlawing an asset class or communication protocol does usually not require changing the constitution. In practice, it may suffice to increase the reporting burden or taxation of exchanges. It just did not happen in the US so far.
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Replying to @Plinz @jillruthcarlson
You're shifting goal posts. What you said earlier: > The state is going to let you synch your blockchain only for as long as the state believes that to be in its best interest. Very different from: > it may suffice to increase the reporting burden or taxation of exchanges.
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Replying to @sonyasupposedly @Plinz
I agree that the state is tremendously capable of making it a pain in the ass. But there is no viable-in-reality way for USG to make it illegal to run a Bitcoin node, let alone actually prevent people from doing it
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What I mean is that it is within the powers of the state to outlaw communication protocols if it sees a good reason to do so, but it may be able to achieve the intended result with a more subtle intervention, if it chooses to do so.
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