Is the free market the answer to everything ? - Craig thinks it is - I'm worried

[practicaldreamer]

I'm a little worried here.

I'm worried that the blockchain will be put into the service of "the man"/corporations. I'm uneasy that everything that can be known about me and my interaction with the world will be quantified and registered. I'm a little concerned that Satoshi's vision (and thats who we are talking about here) is politically naive.

Is perfect competition the answer to everything ? Is it really the answer to the inequalities in the distribution of wealth, power and opportunity in this world ?


Truth be told, I'm worried that (at the least) without the ability to transact anonymously, combined with some kind of a consumption tax, then for the ordinary man the blockchain might be more of a curse than a blessing.


Fascinating interviews, that apparently have been very little viewed.



https://vimeo.com/149119154

https://vimeo.com/149115042

https://vimeo.com/149035662

How will IPv6 +ipsec help ?
What happened to darkwallet?

Someone help me out here.

[jbreher]

Reordered ...

https://vimeo.com/149119154
https://vimeo.com/149115042
https://vimeo.com/149035662

Fascinating interviews indeed.

I'm a little worried here.

I'm worried that the blockchain will be put into the service of "the man"/corporations. I'm uneasy that everything that can be known about me and my interaction with the world will be quantified and registered. I'm a little concerned that Satoshi's vision (and thats who we are talking about here) is politically naive.

Is perfect competition the answer to everything ? Is it really the answer to the inequalities in the distribution of wealth, power and opportunity in this world ?

No need to worry. As he pointed out in the interview itself, what could possibly be the harm?

Indeed, the only fair way to distribute goods and services is through the markets themselves.

[adamstgBit]

How will IPv6 +ipsec help ?

IPv6 will facilitate peer to peer connections.

IPsec "Internet Protocol Security (IPsec) is a protocol suite for secure Internet Protocol (IP) communications by authenticating and encrypting each IP packet of a communication session."

will allow these P2P connections to be totally private.

[avikz]

Free market is the future, though it has a very very little chance to become reality because of the difference in people.

Very few percentage of the world population is computer literate and that will become the major roadblock to the free market. Not everyone will know how to transact anonymously.

So, free market seems like a distant dream at least as of now.

[practicaldreamer]

The free market today is regulated to prevent abuse by players/actors in the market who are in a position to play/manipulate it. It seems he's suggesting that this could be coded in from the outset (not so much regulation, but its direction/reason for being almost) - but who does this coding, and to what set of criteria are they working from ?
The problem with the guy in the red ferrari (in the example that he cites) is that the guy in the red ferrari also happens to own a disproportionate amount (of land and resources - not to mention "cultural capital") - and this gives him a disproportionate amount of sway within the market.

A market for everything. I dunno. What about services ? Not everything can be measured. Quality can't be measured - there is no consensus here about what it is that needs to be measuerd, or indeed, wether it can be measured at all.

Neither open nor closed source ? I don't understand this. I'm kind of sold on open source personally.

He states that the whole of the bitcoin ecosphere is only today worth roughly the same amount as the tax paid by one of Australia's big banks. And with that in mind, in my view, he seems to be giving it the big sell to the establishment and TPTB ...whilst simultaneously downplaying the potentially revolutionary and disruptive aspects of the blockchain. Thats what he appears to be doing anyhow. Thats what I'm hoping.

Maybe its a good play. I dunno. Lets face it, the whole thing could be brought to its knees tommorrow with a concerted effort by tptb. A co-ordinated mass media smear campaign and bang - a good chunk of BTC's current value (specualtive value) is wiped out, along with its credibility.

It needs to get its foot in the door, yes - but at what price ?

Or maybe I'm reading the situation wrong ?


ps. I have to say that, in spite of my reservations above, having watched the interviews a few times now (there is quite a lot to take in) BTC is a big buy for me right now.
The whole narrative is slowly but surely shifting, in an almost "epoch" changing kind of a way. The narrative is changing in the kind of way that suggests to me a burgeoning and inexorable historical shift of some significance.