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by tptacek
28 days ago
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I've read this 3 times now and I still don't really understand what he's trying to say. The split between EFF-style cryptography-coded "technopolitics" and Coinbase-style doesn't exist; the EFF is fundamentally a libertarian project and the Cypherpunks were/are enthusiastic progenitors of cryptofinance and "web3". |
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> Another faction – the faction most associated with bitcoin and subsequent cryptocurrency projects – rejects the role of the state altogether, and seeks to replace states (and state-regulated institutions like courts and banks) with mathematics. Rather than asking courts to interpret contracts, we can put our trust in self-executing "smart contracts," and rather than asking banks to safeguard our financial integrity, we can use cryptographic software to ensure that money only moves when the person it belongs to tells it to.
So he's saying there is a split between those who believe the state and the rule of law are essential tools of freedom, and those who believe technology can provide its own law and guarantees without any need for the state. None of that is incompatible with the EFF being a libertarian project.
And your confusion derives from…what? When he explains this, you feel the correct response is basically "nuh-uh"?