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by __MatrixMan__ 1655 days ago
If your government was cutting off access to internet over the possibility that people might use it to conduct their business in cryptocurrency, do you think local demand for crypto would increase or decrease?

The cable-cut might work for a while, but it wouldn't take too long for partition tolerant crypos emerge. You don't really need global consistency for most things, given that resources tend to be local.
2 comments
zepto 1655 days ago
> it wouldn't take too long for partition tolerant crypos emerge

Wouldn’t it? This is an unsolved problem and there is nothing that implies it can ‘quickly emerge’.

One of the paradoxes about crypto is that all problems with it can be quickly solved in the future, but somehow continue to exist in the present.

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__MatrixMan__ 1654 days ago
As far as moving the bits around goes, I think that the scuttlebutt protocol handles it nicely. And if you look at the tokenomics of CirclesUBI there's nothing to prevent partition tolerance--you already have the restriction that tokens can only move across links in the web of trust, so you'd just have to add the additional restriction that the parties involved in a transitive-trust-transaction have to be contactable for verification at the time of the transaction. Although CirclesUBI runs on Ethereum (xdai) and would have to be ported to scuttlebutt.

The plan isn't fully fleshed out: you still need to incentivize running nodes and handle cases where bad behavior on the part of node maintainers becomes transparent so that users can revoke trust in them, but my point is that this is not some blind faith in the ability of the community to adapt, but rather something that I have diagrams on my whiteboard for.

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daoismyname 1655 days ago
> The cable-cut might work for a while,

I don't see any crypto zealot laying cables in the ocean to connect Europe and USA

do you really think the army would allow it?

but cutting cables is the nuclear option, I see much more probable that terrorists will try it in the future, because is such a fundamental weakness of the internet right now

a government would simply block crypto traffic

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