@Ruthford China doesn't like permission-less blockchains. There are a few state-backed permissioned blockchains including NFT platforms ("digital collectables") and they are required to use fiat currency:
China's crackdown, Dash needs to move away from X11
- Thread starter GrandMasterDash
- Start date
Bank of Russia Wants a Bitcoin Ban. An additional 42 countries have implicitly banned cryptocurrencies.
Nine countries have absolute bans on cryptocurrency.
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Squeezed by global data sharing AML/KYC on the one side.
Soon to be squeezed by coalitions and treaties on the other side.
Crypto is under attack.
Act now!
Nine countries have absolute bans on cryptocurrency.
----------
Squeezed by global data sharing AML/KYC on the one side.
Soon to be squeezed by coalitions and treaties on the other side.
Crypto is under attack.
Act now!
stan.distortion
Well-known member
You've really got a bee in your bonnet over this haven't you? You're forgetting how entrenched BTC is now, remember all those hate speeches from Jamie Dimon and it turned out JPM where offering crypto services to their top clients? 60% of dead dog coin owned by 100 addresses and the worlds most in the spotlight CEO tweets how great it is? They couldn't kill it so they had to buy in and that cost billions, now they've got to protect their investment.
Sure, the aim will be to turn crypto into PayPal 2.0, start out with an independent currency and turn it into another KYC encased way of moving dollars around but it's not some startup company that can be pushed around this time, it's a damn big network that's already working just fine and has billion dollar lobbyists and an awful lot of influential vested interest resisting changes.
Energy footprint is a red herring, something easy to sell to the public that falls flat on its face under scrutiny. Even the most geriatric politician is going to ask "how does this compare with the banking system?" and bam! Shot down in flames because banking uses many times more energy than crypto and hardly any of it is green.
Sure, a better energy footprint would be great and that's not a tough nut to crack, if left alone it will even flip over to clean energy production all by its self imo and it's certainly not where the main battles for crypto will be fought. Control of the money system is the real battle, energy usage is just a soft target.
Sure, the aim will be to turn crypto into PayPal 2.0, start out with an independent currency and turn it into another KYC encased way of moving dollars around but it's not some startup company that can be pushed around this time, it's a damn big network that's already working just fine and has billion dollar lobbyists and an awful lot of influential vested interest resisting changes.
Energy footprint is a red herring, something easy to sell to the public that falls flat on its face under scrutiny. Even the most geriatric politician is going to ask "how does this compare with the banking system?" and bam! Shot down in flames because banking uses many times more energy than crypto and hardly any of it is green.
Sure, a better energy footprint would be great and that's not a tough nut to crack, if left alone it will even flip over to clean energy production all by its self imo and it's certainly not where the main battles for crypto will be fought. Control of the money system is the real battle, energy usage is just a soft target.
You're not wrong but there's a lot of influential people on the normies side that don't understand this and it's being exploited by politicians the world over.
Consider the Iran-Russia relationship. Sure, using bitcoin to bypass US sanctions but equally Iranian miners are licensed, something very easy for Russia to copy. As the saying goes, the enemy of my enemy is my friend. A common threat to many countries that forces alliances, such that it leads to chip level notification of "illegal mining". Just look at how Pluton is being deployed by Microsoft and TPMs in general. Do you believe the large scale production and sales of miners will always be unregulated? It's like saying you can build cars without seat belts and airbags.
I believe in PoW but we have to advance at the protocol level to protect from new threats because you don't get much time to adapt with a threat like this. Whoever thought how quickly our freedoms would be curtailed in modern democratic societies? - imo this is the same level of threat.
Consider the Iran-Russia relationship. Sure, using bitcoin to bypass US sanctions but equally Iranian miners are licensed, something very easy for Russia to copy. As the saying goes, the enemy of my enemy is my friend. A common threat to many countries that forces alliances, such that it leads to chip level notification of "illegal mining". Just look at how Pluton is being deployed by Microsoft and TPMs in general. Do you believe the large scale production and sales of miners will always be unregulated? It's like saying you can build cars without seat belts and airbags.
I believe in PoW but we have to advance at the protocol level to protect from new threats because you don't get much time to adapt with a threat like this. Whoever thought how quickly our freedoms would be curtailed in modern democratic societies? - imo this is the same level of threat.
In 2016, Barack Obama gave a speech at SXSW. It perfectly frames government attitudes, not just of the United States but to all countries that feel threatened by mathematics:
"if government can't get in" symbolizes all that we need to know. They hate losing control. They feel compelled to capture control.
Consider, for example, the current UK governments campaign to stigmatize e2ee:
UK Government Plans Publicity Blitz to Undermine Privacy of Your Chats
The image of a man and a child in a glass box with the man looking creepy at the child and then the box gradually turns to black. Besides the typical portrayal of male perpetrators, this is pure propaganda but will almost certainly find lots of support. Of course, you can't stop e2ee but you can isolate it and return to the 1990s when then export of encryption was licensed and considered "munitions". This time, all in the name of "climate change" and using TPMs to meter and manage the electricity.
"if government can't get in" symbolizes all that we need to know. They hate losing control. They feel compelled to capture control.
Consider, for example, the current UK governments campaign to stigmatize e2ee:
UK Government Plans Publicity Blitz to Undermine Privacy of Your Chats
The image of a man and a child in a glass box with the man looking creepy at the child and then the box gradually turns to black. Besides the typical portrayal of male perpetrators, this is pure propaganda but will almost certainly find lots of support. Of course, you can't stop e2ee but you can isolate it and return to the 1990s when then export of encryption was licensed and considered "munitions". This time, all in the name of "climate change" and using TPMs to meter and manage the electricity.