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patrissimo's profile
Patri Friedman
Patri Friedman
Patri Friedman
@patrissimo

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Patri Friedman

@patrissimo

On virtue, venture, family, freedom, crypto and (of course) building startup countries on the ocean - because we need new mechanisms, not new leaders.

San Jose, CA
patrifriedman.com
Joined October 2008

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    1. Patri Friedman‏ @patrissimo Oct 20

      "[Bitcoin] deserves a front-rank place, perhaps the most important development since double-entry book-keeping..but there's a real possibility that the noise about "governance," "regulation" and "blockchain" will create a surveillance state. I think Satoshi would barf.".

      2 replies 0 retweets 7 likes
      Show this thread
    2. Patri Friedman‏ @patrissimo Oct 20

      "I see losses of hundred of millions in programming screw-ups, thefts, frauds, ICOs based on flaky ideas, flaky programming and too few talented people. Sorry if this ruins the narrative, but the narrative is fucked. Satoshi did a brilliant thing, but the story is far from over."

      1 reply 0 retweets 8 likes
      Show this thread
    3. Patri Friedman‏ @patrissimo Oct 20

      "Hundreds of companies, thousands of participants & the breathless reporting & hero worship. Much more hype than we saw during the dot-com era. I think far too much publicity is being given to talks at conferences, white papers and press releases. A whole lot of "selling"."

      1 reply 0 retweets 7 likes
      Show this thread
    4. Patri Friedman‏ @patrissimo Oct 20

      "There is not much of interest to many of us if cryptocurrencies become Yet Another PayPal, another bank transfer system. What's exciting is the bypassing of gatekeepers, exorbitant fee collectors, middlemen who decide whether Wikileaks (a timely example) can have donations."

      2 replies 1 retweet 9 likes
      Show this thread
    5. Patri Friedman‏ @patrissimo Oct 20

      "Money is speech. Checks, IOUs, delivery contracts, Hawala banks, all are forms of money. @NickSzabo4 has pointed out that bitcoin and some others have most of the features of gold & more: it weighs nothing, it's difficult to seize and can be sent over the crudest of wires."

      1 reply 0 retweets 6 likes
      Show this thread
    6. Patri Friedman‏ @patrissimo Oct 20

      "Bitcoin is doing what was planned. It can be transferred, saved, used for speculation. This can't be said for 100s of variants where a clear-cut "use case" is difficult to find. Talk of "reputation tokens," "attention tokens," "charitable tokens," these all seem way premature."

      1 reply 0 retweets 6 likes
      Show this thread
    7. Patri Friedman‏ @patrissimo Oct 20

      "Not to sound like a Leftist ranting about Big Brother, but any civil libertarian or actual libertarian has reason to be afraid. In fact, many authors decades ago predicted this dossier society, and the tools have jumped in quantum leaps since then."

      1 reply 0 retweets 4 likes
      Show this thread
    8. Patri Friedman‏ @patrissimo Oct 20

      "In 1988 I wrote "The Crypto Anarchist Manifesto," loosely-based in form on another famous manifesto. And based on "anarcho-capitalism," a well-known variant of anarchism. [In 1992] we hatched a plan to call together some of the brightest people we knew to talk about this stuff."

      1 reply 0 retweets 7 likes
      Show this thread
    9. Patri Friedman‏ @patrissimo Oct 20

      "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."

      1 reply 0 retweets 2 likes
      Show this thread
    10. Patri Friedman‏ @patrissimo Oct 20

      "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."

      1 reply 0 retweets 7 likes
      Show this thread
      Patri Friedman‏ @patrissimo Oct 20

      "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."

      3:18 PM - 20 Oct 2018 from San Jose, CA
      • 8 Likes
      • Filipe Coimbra ʑŽℨ𝖍∴҉ Arto Bendiken nozomi hayase The Sovereign Family (((Jonathan Lee))) MuchBitcoin⚡[Use SegWit, upgrade/patch btc client]
      1 reply 0 retweets 8 likes
        1. New conversation
        2. Patri Friedman‏ @patrissimo Oct 20

          "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."

          1 reply 1 retweet 7 likes
          Show this thread
        3. Patri Friedman‏ @patrissimo Oct 20

          "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."

          1 reply 2 retweets 4 likes
          Show this thread
        4. Patri Friedman‏ @patrissimo Oct 20

          "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."

          0 replies 2 retweets 9 likes
          Show this thread
        5. End of conversation

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