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Thanks : )

Wonderful thread, very interesting read. I would quote some people as I have some questions about your points but I thought I would generally state my views that are relevant here.

Society is based on a fundamental misunderstanding of what it means to have a passport, birth certificate or social security number. These are documents of registration which mean that the confer ownership from the individual to the agency managing the document (government, the financial corporations and central agencies. In the UK, every birth certificate is owned by crown copyright. This is what enables prosecution under Acts and Statutes and the payment of Taxation. Stephan Molyneux has some interesting material on this but stated in brief: The system of wage slavery and prosecution outside Common Law is perpetuated by registering your children at birth, identifying to tax accounts, saying 'Yes that's me, I UNDERSTAND (stand under the authority of Act and Statue) you officer' to the police. To live once again as humans, we have to refuse to accept the Legal authority of such documents (leaving the farm so to speak). Whilst this is the dream for many of us here in cryptoland, practically in can be difficult to acquire the minimum assets to move somewhere in the world where freedom is more fruitfully implemented. Furthermore many of us might wish to adapt/reconstruct the current systems of control to enable the kind of civilization that we want for children and loved ones (that too is a long term goal that requires huge shifts in the social understanding of current human society, and CryptoHumanity 2.0)

1- When you identify to a document (passport, ID card) by saying 'I (this human being) BOB of the family SMITH am (accept legal responsibility for) MR BOB SMITH (the legal document/ personal corporation owned by Crown Copyright, the Social Security Service etc)', you make yourself liable for any title, fine or prosecution upheld by a court or legal corporation.

2- Associating your crypto assets to these legal entities (MR BOB SMITH's tax account) is a legal grey area. However even doing so states a fundamental complicity with the systems by which these legal entities are enabled. For me, that stands in direct opposition with the reason I got into cryptoculture (independence from the 'farm' of legal entities) and thus cannot be treated as an end in itself. I intend to become incorporated as cryptoasset manager under UK law but it is going to take come creativity and Legal knowhow, but this is an interim solution until I can afford self sufficiency and and internet connection somewhere outside the remit of the financio-corporate-governance cartel : )

3- Cryptocurrency represents a new socio-economic sphere of action in which citizens can facilitate their needs. Those who are disengaged from mainstream politics, and see the malevolent and controlled nature of the current fiat economy for what it is (wage slavery& soul destroying consumerism) have the opportunity to free their assets and livelihood from the current socio-economic arrangement. This is a threat to the illusory system of control enforced upon nearly the entirety of humankind by government and corporations, so they will be resistant enabling it in policy.

What are the options? Move to an island and start again, or pull together and push for CryptoLife in the current matrix of control?

I am not too enthused about Big Finance moving in either, but I agree that their main focus will be profit, not preserving the crypto culture.

Let's not forget the reason we love cryptocurrencies, the freedom it promises us for the future and the withdrawl from the fiat currency illusion : D

It's not about short term pump&dumps, I mean by all means buy low and sell high, I enjoy my cryptoexperience the most when I am trading pure alpha on cryptsy, but don't ever see this beautiful thing as a get rich quick kinda deal.

A cryptocoin is for life, not just for christmas.

I got my facts wrong, they tried to patent a crypto but failed http://www.zerohedge.com/news/2013-12-15/jpmorgans-bitcoin-alternative-patent-rejected-175-times

It's only a matter of time though, as soon as the trading of cryptocurrencies regulated by governments more Big Finance will start to move in.

is a tough one. What do you mean? Is it opposed to hierarchy? Could you have a hierarchical system that has personally responsible agents?

So glad you posted this here!

I think to do a full philosophical exposition of cryptocurrency philosophy we need a list of attributes and features that they have, by coin. An understanding of the semantic/pragmatic distinction is also helpful here (what something means theoretically / what it means practically ). I've written up some starter points below (please feedback and add, I am so open to discussion )

Decentralized: (semantic) There is no single controller of the currencies volume or value. The risk of corruption by financial agencies / central authorities (by corruption I am happy to systemic corruption i.e. policy that enables tax avoidance on behalf of the global financial cartel) is dependant on the integrity of the central controllers and related agencies (corruption is enabled by design) thus without an inherent central controller, there are fewer powers by which elite groups can 'monopoly' the market.  (p) Whilst there is no inherent central controller, the computational control of mining and access to the exchanges (local proximity to an exchange increase the speed at which an order is received by the exchange) enables some power elites to control variables like volume and price (enabled by collusion with other rich/powerful traders, I'm thinking pump&dump here).

Finite: (semantic) There is a limit to the currency that cannot be extended. This prevents planned inflation and malevolent volume control. [insert something about 'inflationary /deflationary' but I am unsure, if someone could give a clear statement about this I will edit it in] (pragmatic) Despite the finitude, the divisibility of each unit somewhat counteracts the [inflationary/deflationary] problems of finite currency supply.

Transparent: (semantic) The public ledger enables all transactions to be scrutinised and examined. Despite the anonymity of the ledger entry, pay outs to fiat currency accounts can be be used to identify persons. (pragmatic) The sale of illegal goods/services will be pushed out of cryptocurrencies (and the image of cryptocurrencies in the public hivemind) as it begins to be regulated by the financio-government cartel.


Regulation: JPMorgan plan to trade in BTC in 2014, so you can bet there will be documents that allow the trade of crypto-currencies for legal corporate entities in the states at least. Sweden have said they will treat it as an asset and as such it will be subject to capital gains tax (as have Canada have too I think) for business traders, but the Acts and Laws have yet to be written in most nations.

Let's get talking cryptofriends 8-)