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RE: Are governments deliberately poisoning the cryptographic/cryptocurrency well?

in #life8 years ago (edited)

It could be argued that government didn't do that, as such. The Department of Energy did that( or a predescessor agency...they multiple like flies) . At the time the DOE was young, small, and vibrant, much like NASA was when it put a man on the moon.

I think you diffuse your own argument a bit there. It was a part of the government. How do we know that there aren't small sub agencies doing something similar? The truth is we don't really even know what some of these agencies are doing to be honest. They may be divided into lots of small compartments for reasons of secrecy as well as efficiency.

One huge problem with government agencies (any tax supported agency) is that they are isolated from market signals. There is no 'feedback'. Some what analogous to a person with a damaged nervous system who feels no pain.

Excellent analogy. I think I will steal that lol:)

Can you deny that government is insane?

I suppose it depends on your definition of insane. I think of it like a giant super-organism that is interested in sustaining itself. I suppose you could say that sustaining itself can in some ways create dissonance with some of the principles for which it was established e.g. serving the people. On could argue that such dissonance results in a superficially "insane" behaviour.

Great points. Thank you for commenting:)

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I think of government as being like cancer.

"Government as cancer" is also the operational metaphor I ascribe to.

The root cause of that cancer is the insane desire for trust ... believing that we can trust something that we cannot really understand or control seems to be the fundamental insanity that humans cannot bring themselves to break, ie the desire for some Big Daddy we can always trust is is really powerful human addiction.

Simply replacing faith in government with faith in cryptocurrency or an algorithmically-controlled system of trust is NOT really breaking that addiction ... it's only replacing one addiction with another addiction.

I would concede that putting more faith in cryptocurrency or migrating to the virtual realm (eg, multiple passports, exploring e-residency) is maybe a better "drug" to use OR the strategy of "placing one eggs in different fragile baskets" might aid in the process of putting cancer into remission ... but the press-pulse approach to going after the cancer also necessarily involves fasting to starve the cancer, not fasting in terms of food consumption but in terms of any material wealth ... material wealth, or the inevitable taxation of material wealth, is the "glucose" which feeds the cancer of governments.

It's probably best not to underestimate governments when it comes to their use of their monopoly on legal violence, prisons and tax collection or wealth confiscation strategies ... if you possess material wealth or the "glucose" that cancer needs, the cancer will find ways to take part or all of it -- because for the cancer, your wealth is essential for its survival and things like cancer are pretty good at surviving unless the cancer is starved until other parts of the immune response can kill it ... cryptocurrency alone won't beat cancer.

Of course, press-pulse is not going to be a perfect guarantee for beating cancer, but fasting is generally going to be the best way to greatly lessen the growth and dominance of cancer ... as cancer survivors and their friends and family members know, in order for the treatment to be effective in killing or putting serious cancers into remission, the patient has to be brought to the point of death.

I think you diffuse your own argument a bit there. It was a part of the government.
oddly enough government is not monolithic. Not only is it so big that the right hand doesn't know what the left hand is doing it's so big that the right hand doesn't even KNOW that there is a left had (metaphorically speaking...in reality it's more like tentacles..)

Government agencies work at cross purposes all the time.
fun fact...the subcomponents of those agencies work at cross purposes within the agentcy too..etc ..etc...down to the phase change envelope of Dunbar's number.

Government is incredibly inefficient and wasteful..but you knew that.

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