Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Almost everything on and connecting to your computer, trusted or otherwise, was developed by academics
Indeed.
But money was not created by academics. It evolved over centuries and the monetary media concerned were chosen by ordinary people, not academics, based on their ability to see and verify the integrity of the said medium.
The more you can see and verify, the more valuable the monetary medium. The less you can see and verify, the less valuable the monetary medium.
I don't need to convince you of that principle. Satoshi already understood it and built it into bitcoin. The fact that there is no counterparty underwriting the numbers in a bitcoin address means that the public is the caretaker and counterparty and therefore has to see everything. That includes the balances at all addresses, the transaction ID and the movement at each end.
Saying that "it's all taken care of by math" is b.s. The shadowcash experience has demonstrated that and ring signatures, stealth addresses and all other toytown trainspotter spyware are now toast because of it. (They always were to me, I just didn't expect a practical example to arrive so soon).
A cryptocurrency that doesn't have transparency isn't money. It may be a conduit for money, but it isn't money in its own right.
There are many monetary mediums. Only some of them are money. And only some types of money are good money.
Aristotle was the first to define good money. Aristotle was a student of Plato.
Plato's Academy was the first higher learning institution in the Western world.
What is your beef with academics? Did you get a really shitty SAT score and start growing that chip on your shoulder in high school?
Don't you realize academics are just "ordinary people" that happen to have a much higher scholastic aptitude than your own?
The anti-intellectual derping might work on your NASCAR and dog-fighting forums, but here in crypto-land we highly prize and cherish our brilliant peers and learned professors.
Pushing the narrative that Duffield's folksy homespun crypto is better than what those fancy-pants four-eyed nerds can up with is going to be a hard task, especially once you leave the cloistered, parochial confines of DashTalk.
