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by Zamicol 1666 days ago
>Cryptocurrency fanatics

I am a person with nuanced thoughts and opinions, unique and diverse from the rest of the world.

>cryptocurrency

Let's not confuse zk proofs with cryptocurrency. Powerful, non-cryptocurrency systems that use zk proofs are coming. Alone their power is something we must reconcile, even before combined with distributed, autonomous systems.

And that's my point. ZK proofs are astoundingly powerful. Our societies and governments should be getting ready to deal with them.

>protect itself through regulation

Yes, this is a tool of the state. But it's just that, a tool. People have tools too.

The assertion of absolute state control is contrary to the state loosing the Crypto Wars (https://en.wikipedia.org/wiki/Crypto_Wars). The Crypto Wars were one of the first examples establishing the limits of state power in the face of the Internet. This is before other global projects like BitTorrent or Gnutella.

The world is wide and I suspect the future is going to be weird.

1 comments

The problem with this sort of reasoning is that it conflates an e.mail or a downloaded movie (or a bag of cocaine) with a cryptocurrency or token. E.mails/movies/dope etc are all basically consumer goods. Read the e.mail, wipe it. Put the coke up your nose, watch the movie.

It only has to go as far as the person you are sending it to, and it's journey is finished, and it's value is realised. Crypto is entirely different in that it has no value unless you can sell it on to another person. That final step is it's weak point.

PGP had no economic value when published in defiance of the State Department. Why publish PGP when the personal incentives seemed to far out way the consequences? Phil Zimmerman still lives overseas.

That's my point. You can ignore economics entirely and zk proofs are still going to radically transform our societies and IT systems, long before considering their impact to the cryptocurrency industry.