Outstanding crypto-skeptic interview by cypherpunks founder Tim May. A *must-read* if you value a 30-year perspective over the weekly crypto hype. Fairly BTC maximalist, and even connects Satoshi's paper to ancap theory. Quotes below:https://www.coindesk.com/enough-with-the-ico-me-so-horny-get-rich-quick-lambo-crypto/ …
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"Ironically, at that first meeting, I passed out some Monopoly money I bought at a toy store...we used it to simulate what a world of strong crypto, with data havens and black markets and remailers (Chaum's "mixes") might look like."
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"Maybe 20 people wrote 80% of the essays, but there was no real structure...This fits with a polycentric, distributed, permission-less, p2p structure. A form of anarchy, in the "an arch," or "no top" true meaning of the word anarchy."
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"This had been previously explored by David Friedman, in his influential book "The Machinery of Freedom." & by Bruce Benson, in "The Enterprise of Law. [They] studied the role of legal systems absent some ruling top authority."
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"Anarchy is the default mode of most people—to choose what they eat, who they meet, what they read and watch. When some government tries to restrict choices they find ways to route around the restrictions: birth control, underground books, illegal radio, copied cassettes."
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"This [anarchistic legal theory] probably influenced the form of bitcoin that Satoshi Nakamoto later formulated... Is the fluff and hype worth it? Will cryptocurrency change the world? Probably. The future is no doubt online, electronic, paperless."
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"Bottom line, there's way too much hype, way too much publicity and not many who understand the ideas. It's as if people realize there's a whole world out there & start building boats in their backyards. Some will work, but most will either stop building or sink at sea."
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