After the impressive introduction that made Mr. Srinivasan sound like a giant among men, I found his article disappointing . He makes some reasonable points about cryptography being a net good for society, but most of it has nothing to do with digital currency. Worse, he ignores practical realities in a manner totally characteristic of s…
After the impressive introduction that made Mr. Srinivasan sound like a giant among men, I found his article disappointing . He makes some reasonable points about cryptography being a net good for society, but most of it has nothing to do with digital currency. Worse, he ignores practical realities in a manner totally characteristic of starry-eyed tech-bros with no clue about how the world really works, leaving me in mind of John Perry Barlow and his ridiculous "Declaration of the Independence of Cyberspace", which Mr. Srinivasan seems to have swallowed whole.
To note just one example: It is all very well to say that cryptography makes it impossible for your data to be searched without your consent, but he neglects to consider that you may not have a choice in the matter under law. If a court orders you to decrypt your data, and decides to keep you in jail until you comply, then the crypto isn't really protecting you against the state as much as Mr. Srinivasan seems to think. As long as the government can jail people or make them pay large fines, nothing can really "reset the relationship between state and citizen".
Nothing in his statements about monetary stability, inflation, etc. suggests that he actually understands how that stuff works. Does he know what the Federal Reserve is for, or why it was created? Or has he been reading too much of Ron Paul's demented ranting, and thinks the Fed is part of the problem?
"How the world really works" has only ever really worked for 'elite' intellectual grifters who hold themselves in massively undeserved high self esteem. Reality, as they have been juicing it for far too long, is way past due for an upgrade. #AuditTheFed
After the impressive introduction that made Mr. Srinivasan sound like a giant among men, I found his article disappointing . He makes some reasonable points about cryptography being a net good for society, but most of it has nothing to do with digital currency. Worse, he ignores practical realities in a manner totally characteristic of starry-eyed tech-bros with no clue about how the world really works, leaving me in mind of John Perry Barlow and his ridiculous "Declaration of the Independence of Cyberspace", which Mr. Srinivasan seems to have swallowed whole.
To note just one example: It is all very well to say that cryptography makes it impossible for your data to be searched without your consent, but he neglects to consider that you may not have a choice in the matter under law. If a court orders you to decrypt your data, and decides to keep you in jail until you comply, then the crypto isn't really protecting you against the state as much as Mr. Srinivasan seems to think. As long as the government can jail people or make them pay large fines, nothing can really "reset the relationship between state and citizen".
Nothing in his statements about monetary stability, inflation, etc. suggests that he actually understands how that stuff works. Does he know what the Federal Reserve is for, or why it was created? Or has he been reading too much of Ron Paul's demented ranting, and thinks the Fed is part of the problem?
"How the world really works" has only ever really worked for 'elite' intellectual grifters who hold themselves in massively undeserved high self esteem. Reality, as they have been juicing it for far too long, is way past due for an upgrade. #AuditTheFed