[Arm-netbook] Urgent statement on Cryptocurrency ethics

Luke Kenneth Casson Leighton lkcl at lkcl.net
Thu Mar 22 04:10:18 GMT 2018


On Wed, Mar 21, 2018 at 9:16 PM, Hrvoje Lasic <lasich at gmail.com> wrote:

> ask yourself simple question: If all cryptocurencies are gone tomorrow,
> what would you miss?

crypto-currencies are literally the first time in human history where
contracts can be made and honoured between one or more parties in an
atomic fashion *WITHOUT* third party intervention or arbitration.

what would be missed?  we would return to centralisation and abuse of
power at the hands of central banks, corrupt governments, expensive
and flawed judicial systems, overcharging and underpayment by
unethical insurance companies - the list goes on and on.

crypto-currencies are right now in their infancy.

l.



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