Bruce Schneier on Signal's cryptocurrency adventures:
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www.schneier.com/blog/archives…
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It’s not just that blockchain is just plain stupid. It’s not even that Signal is choosing to tie itself to a specific blockchain currency. It’s that adding a cryptocurrency to an end-to-end encrypted app muddies the morality of the product, and invites all sorts of government investigative and regulatory meddling: by the IRS, the SEC, FinCEN, and probably the FBI.
"""www.schneier.com/blog/archives…
@clacke his "Blockchain and Trust" article is extremely good on the whole even though I think it has blind spots that invalidate his entire premise. He never adequately addresses questions like "why should I trust institutions more than I minimally have to?" or "doesn't part of your argument assume that American monetary policy is good?" or even just "what about a digital analog of cash is useless even if it has downsides?"
But I agree with him that adding a token to Signal muddies things.
But I agree with him that adding a token to Signal muddies things.
@Moon @clacke
>He never adequately addresses questions like "why should I trust institutions more than I minimally have to?" or "doesn't part of your argument assume that American monetary policy is good?"
I thought about this and I don't know what kind of answer to these questions would even be satisfactory. The best answer to the question "Why should I trust the U.S. Dollar?" that I can come up with is, if the dollar tanks, the entire world will turn into a shithole and nothing, not even a giant stash of BTC, is gonna save you.
>He never adequately addresses questions like "why should I trust institutions more than I minimally have to?" or "doesn't part of your argument assume that American monetary policy is good?"
I thought about this and I don't know what kind of answer to these questions would even be satisfactory. The best answer to the question "Why should I trust the U.S. Dollar?" that I can come up with is, if the dollar tanks, the entire world will turn into a shithole and nothing, not even a giant stash of BTC, is gonna save you.
