Quote from: smooth on May 19, 2015, 06:13:23 PM

Quote from: justusranvier on May 19, 2015, 06:10:50 PM

Quote from: smooth on May 19, 2015, 05:37:54 PM

If we ever get to the point where a cryptocurrency is widely adopted and you can rationally say it represents something even vaguely resembling a global ledger, then overturning it would likely be very destructive.

There exists in society people whose interests are threatened by the existence of a universal, neutral, and incorruptible ledger.

Those of them who are aware of attempts to form one have very strong incentives to prevent that from happening by any means necessary.

Encouraging the development of multiple competing ledgers, either by investing in them directly, or investing in companies that produce them, or investing in propaganda to promote economic anti-knowledge, or investing in disruption tactics to slow down the development of the universal ledger are all actions such people could be expected to take.

Or likewise trying to suppress potentially-successful solutions to that problem by focusing attention and investment on the one least likely to succeed.

Bitcoin could succeed at being the NWO ledger and an anonymous solution could succeed at being the free market's ledger. But what if the free market doesn't want to give too much power to one ledger because it decides that true decentralization is competing options? What if unit-of-account is less important than meritocracy in this new knowledge era?

It seems you all are fixated on the concept that we need a global revolution into a single ledger. Why? What advantages would it offer to humanity? If the goal is simply to get crypto-currency spread out to most of humanity, we can not presume that the gridlock of "one size fits all" pooling of capital into groupthink catfights is the most efficient.

Quote from: justusranvier on May 19, 2015, 06:25:55 PM

I really don't feel like I owe any answers to people who have done less work than I to improve economic understanding and financial privacy.

Nobody cares. What software did you write that we are using? Results are measurable. Claims on education are not.