Post A7pmQ9KsgTGmRutd8C by cy@fedicy.allowed.org
(DIR) More posts by cy@fedicy.allowed.org
(DIR) Post #A7YQdHEr6zjG2rc728 by thor@pl.thj.no
2021-05-23T22:06:03.831471Z
0 likes, 1 repeats
pertaining to the argument about crypto having value or not:it doesn't really matter. the usual way of giving fiat value is to simply demand that all taxes are to be paid in them. that's basically where it stops in terms of how much you can hack away at its legitimacy. it has value as a means of paying taxes, because the government said so.fiat can collapse of course, but that takes some royal fuckups. if it gets that bad, a new fiat currency is eventually introduced and becomes the one you need to pay taxes in.said fiat money is also what the government will insist on making purchases in, and insist that one must accept as payment for goods and services.all the idealistic arguments are irrelevant in terms of the pragmatics.
(DIR) Post #A7YQtGGCW6dje0rgDQ by thor@pl.thj.no
2021-05-23T22:08:55.081416Z
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this requirement that taxes be paid in a specific fiat currency also serves as a guarantee of sorts. "we promise to let you pay your taxes in this currency, and we promise that it will be accepted as legal tender because that's what the law says."
(DIR) Post #A7YR7GeJrpgOuApCJk by thor@pl.thj.no
2021-05-23T22:11:28.850259Z
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also, when a bank is in trouble, say, during a bank run, the government or central bank will usually step in to provide the necessary cash.there are all these mechanisms that back fiat up and fiat itself wouldn't necessarily work very well without them.
(DIR) Post #A7YRGsL76aS8PCQH7w by aspie4K@aspiechattr.me
2021-05-23T22:12:47Z
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@thor so fiat is effectively propped up by taxpayer funded government bailouts of private banks? :blobcatthonking:
(DIR) Post #A7YRNC3chvNjITFqHw by thor@pl.thj.no
2021-05-23T22:14:20.021516Z
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@aspie4K i mean, among other things, yes. though ideally the government only *lends* this extra cash to the banks.
(DIR) Post #A7YRZkBJf1oEbcpyIC by thor@pl.thj.no
2021-05-23T22:16:36.742265Z
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@aspie4K fiat is gold boiled down to IOUs for gold boiled down to a token designed to allow exchange of goods and services without needing to barter.
(DIR) Post #A7YRaz8TXyHzH76I3U by aspie4K@aspiechattr.me
2021-05-23T22:16:12Z
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@thor unsure if you're already aware but it's this exact type of thing that prompted the invention of bitcoin in the first placehttps://en.bitcoin.it/wiki/Genesis_block
(DIR) Post #A7YRcCxRdsciQuWYPg by thor@pl.thj.no
2021-05-23T22:16:56.445022Z
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@aspie4K i'm aware of it, yes
(DIR) Post #A7YRgG2m6v1jA7wr4K by thor@pl.thj.no
2021-05-23T22:17:43.317398Z
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@aspie4K my point is that the fiat system evolved over time and it has some practical advantages.
(DIR) Post #A7YRhBE5VWwcVigC7E by aspie4K@aspiechattr.me
2021-05-23T22:17:16Z
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@thor boiled down so many times it's basically homeopathic, gold has nothing to do with fiat currency value anymore
(DIR) Post #A7YRma44aOz6zfZQW0 by thor@pl.thj.no
2021-05-23T22:18:51.028859Z
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@aspie4K it doesn't but that's also irrelevant what is relevant is that it decouples goods/services from their value so the value can be used independently
(DIR) Post #A7YRo0AqzuhGGBQ5Im by thor@pl.thj.no
2021-05-23T22:19:03.821487Z
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@aspie4K or put another way: money is a proxy for them
(DIR) Post #A7YRtwXxOfpukP3jP6 by thor@pl.thj.no
2021-05-23T22:20:05.117415Z
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@aspie4K if the central banks issue crypto it will then gain fiat like advantages, but of course also some of the same disadvantages
(DIR) Post #A7YRwuUnTkddFszo1Y by thor@pl.thj.no
2021-05-23T22:20:47.759528Z
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@aspie4K i mean tbh crypto has way more in common with fiat than with gold
(DIR) Post #A7YRzrqlltwvv1gRBA by aspie4K@aspiechattr.me
2021-05-23T22:19:04Z
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@thor and well look at what happened in 2008, investment banks are still doing the same thing today, who cares if they crash the world economy again right they'll just get bailed out... except with crypto in existence and getting more mainstream, it's not so simple now, particularly when central banks are now looking to issue their own digital currency.
(DIR) Post #A7YRzvEdBdoqPts2Hw by aspie4K@aspiechattr.me
2021-05-23T22:20:35Z
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@thor it has some advantages for sure, but so does crypto, and so do CBDCs. most money today is privately issued by banks. CBDCs will mean no need for central banks to bailout banks. crypto means for those interested, no need to trust central banks or the state. there is a paradigm shift happening here.
(DIR) Post #A7YS1D4SMJDO1Vj2XI by thor@pl.thj.no
2021-05-23T22:21:29.425081Z
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@aspie4K oh you're attacking a straw man - i haven't criticised crypto
(DIR) Post #A7YS4N1NotDTkjnLxQ by thor@pl.thj.no
2021-05-23T22:22:06.051969Z
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@aspie4K it's more about pointing out that it's the politics of it that do a lot of the lifting
(DIR) Post #A7YSD7O9JNTRsIcBgu by thor@pl.thj.no
2021-05-23T22:23:43.912095Z
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@aspie4K with crypto? faith, opinion basically. there is no hard evidence. no ones guaranteeing anything. it works because people want it to work. that's the equivalent mechanism.
(DIR) Post #A7YSGLuJms2hlzChbE by aspie4K@aspiechattr.me
2021-05-23T22:23:26Z
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@thor but then see without the gold standard, fiat and crypto derive their value from the same place - society collectively agreeing it has value.you made an argument about tax but if hypothetically there was widespread adoption of crypto and the value of fiat dropped, it's in the interest of the government to accept crypto for tax purposes as it's the more valuable asset.then there are the CBDCs. government will accept these as they're issued by the central bank.
(DIR) Post #A7YSUPznNqYEVUTOCW by thor@pl.thj.no
2021-05-23T22:26:51.273672Z
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@aspie4K and if that happened, then fine. but i feel a lot of the arguments i've heard in favour on crypto mainly focus on the "evil government" and how crypto is the new gold and "fiat is just as imaginary", and a lot of other things that don't get at how decisions are made.
(DIR) Post #A7YSVZsW7rVhRlcaqu by aspie4K@aspiechattr.me
2021-05-23T22:25:20Z
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@thor CBDCs are sort of like a middleground, they're not crypto (no decentralised blockchain) but they're also not controlled by private banks who gamble your savings, they're an interesting concept, and virtually every country in the world is working on one. this is the future of currency, all digital, whether it's crypto or CBDCs.
(DIR) Post #A7YSVzmNpI3JmGx3tw by aspie4K@aspiechattr.me
2021-05-23T22:25:46Z
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@thor the main losers of this will be private banks. good.
(DIR) Post #A7YSWKeeDFLIWMUgG8 by aspie4K@aspiechattr.me
2021-05-23T22:26:41Z
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@thor depends which crypto. i'd say bitcoin is more like gold. it's a store of value above all else. other cryptos vary wildly.
(DIR) Post #A7YSaKmLh0rO440Kh6 by thor@pl.thj.no
2021-05-23T22:27:48.929990Z
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@aspie4K or the evil banks or what not, and i think focusing less on the ideology and more on the pragmatics would be good
(DIR) Post #A7YSbAACe5FDQoYbSK by aspie4K@aspiechattr.me
2021-05-23T22:27:37Z
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@thor i never implied you attacked crypto, i'm only suggesting that there is a big shift happening in the way we as a society see the very concept of money and even central banks are responding to this.
(DIR) Post #A7YSg1T4P4BXuUhQ9Y by thor@pl.thj.no
2021-05-23T22:28:57.810841Z
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@aspie4K well, there is a shift, but it mostly seems to be about this speculative asset bubble rather than the public seriously considering to use this as currency
(DIR) Post #A7YSh2aLjaRRfJackK by aspie4K@aspiechattr.me
2021-05-23T22:28:20Z
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@thor with fiat the value is determined by faith in politics, the government, the central bank, the nation's economy, etc... it's all based on faith.
(DIR) Post #A7YSu1SjDjf7wnDP84 by thor@pl.thj.no
2021-05-23T22:31:26.160509Z
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@aspie4K i have a brain, yes, i know, but it's not so simple. governments have power. riots can be struck down. there are armed forces and police. yes, if no one respects the government anymore, etc, but in functioning democracies this is unlikely to happen. it's far more likely for a cryptocurrency to collapse because popular opinion is a far more volatile thing than laws and institutions.
(DIR) Post #A7YT0aT9yiq8FzXzo8 by thor@pl.thj.no
2021-05-23T22:32:40.672919Z
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@aspie4K and it's not entirely true that fairy alone determines it. the number of fiat tokens in circulation is controllable. thus the supply is controllable.
(DIR) Post #A7YT3g4fazKiVdZ9I8 by aspie4K@aspiechattr.me
2021-05-23T22:32:51Z
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@thor welcome to the internet, people who sit at the extremes shout the loudest.While I do like that libertarian idealism, the reality is not so black and white of course, but I do think the advent of CBDCs in particular will change very much the way we think about and use currency in the future, CBDCs will certainly be accepted for tax as they're issued by the central bank, and much control will be taken from private banks as a result of all this (CBDCs and crypto alike).
(DIR) Post #A7YTAe1PcpPkAdMeBs by thor@pl.thj.no
2021-05-23T22:34:29.972745Z
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@aspie4K CBDCs i have no doubt will work. it's electronic central bank backed currency. we already have a version of that. that's what's in a bank account. just different technical implemtation.
(DIR) Post #A7YTE59xBTo7CnzyZk by thor@pl.thj.no
2021-05-23T22:35:07.720942Z
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@aspie4K difference being no fractional reserve
(DIR) Post #A7YTYh3lyuEEXiw5NA by aspie4K@aspiechattr.me
2021-05-23T22:35:48Z
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@thor the number of any given cryptocurrency or token is controllable too. only a total of 11 million BTC will ever be mined for instance. similar limits exist for any serious crypto.
(DIR) Post #A7YTYhP2hpF5bgt4We by thor@pl.thj.no
2021-05-23T22:38:49.572430Z
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@aspie4K can anyone adjust the rate at which it's issued if that algo is flawed? i mean if the big miners agree on it but there you go with a small elite controlling things again.
(DIR) Post #A7YTtsADtMY93x3HDU by aspie4K@aspiechattr.me
2021-05-23T22:38:43Z
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@thor the difference is not only in the technical implementation, it's in who controls the flow of currency. right now most of that power lies with private banks not central banks.Here's an interesting (short) article from the UK on the Bank of England about exactly this: https://www.reuters.com/article/britain-boe-cunliffe/update-1-boes-cunliffe-not-our-job-to-protect-banks-against-digital-currencies-idUSL8N2HZ4UL
(DIR) Post #A7YTtsa6L9FYMD9wYK by thor@pl.thj.no
2021-05-23T22:42:40.183036Z
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@aspie4K mm, in terms of how the banking system works for consumers in Norway, this won't make much of a difference. interbank transfers are free and instant. the bank account numbers are standardised in the same fashion as credit card numbers are. the system is essentially friction free already. the difference would be that it would deprive these banks of profits.
(DIR) Post #A7YTzg51jSIbK5OD68 by thor@pl.thj.no
2021-05-23T22:43:43.211435Z
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@aspie4K which, while fun and all, doesn't seem to incur major benefits for people here. perhaps in countries where this isn't the case, the benefits are greater.
(DIR) Post #A7YU3EycRZUIQD5iIC by aspie4K@aspiechattr.me
2021-05-23T22:40:41Z
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@thor with bitcoin specifically, it can be adjusted if the core devs agree on it, but there's a lot of drama whenever such decisions must be made. if you look at more modern cryptos, especially proof-of-stake, there are democratic systems for such things. if you hold coin you can vote on various issues, supply included.
(DIR) Post #A7YU3vG7EuRHYdbHOa by aspie4K@aspiechattr.me
2021-05-23T22:36:57Z
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@thor and yet fiat currencies have crashed and become worthless many times in the past due to hyperinflation. look what happened to the Zimbabwe dollar.
(DIR) Post #A7YUCHEbQ1101wsNxA by aspie4K@aspiechattr.me
2021-05-23T22:45:28Z
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@thor same in the UK, but you last sentence is the key. and it's not only profits, it is control. private banks have more control than central banks or the state over currency as it stands now. and they don't care about you. if a currency must be centralised by someone, I'd rather it be a central bank than a cartel of investment banks.in cockney rhyming slang "merchant banker" means "wanker" and not by accident ;)
(DIR) Post #A7YUO4l9csOuoajCgC by thor@pl.thj.no
2021-05-23T22:48:07.580184Z
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@aspie4K i'm not against it. but i'm not all that excited about it on a political level. our country is less big business since it's small. less trickery is done with money. on a technical level it seems a bit fun.
(DIR) Post #A7YUXyqiSHg5Ne3Jaq by thor@pl.thj.no
2021-05-23T22:49:54.697025Z
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@aspie4K to me, a person who was never affected much by macroeconomic things, that part of it is of limited importance. i read in the press of what the banks did or which policies were changed and it always affects people who aren't me, such as homeowners.
(DIR) Post #A7YUeQ7VyXC5hHyrfk by aspie4K@aspiechattr.me
2021-05-23T22:50:02Z
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@thor that's fair enough. if you want to fiddle with the tech it's worthwhile buying a cheap token on a blockchain platform (I'd recommend ADA) and messing with the DApps and so forth. it is pretty cool stuff with a lot of technical potential outside of finance and politics.
(DIR) Post #A7YUeQaaESRj9Ra4yu by thor@pl.thj.no
2021-05-23T22:51:03.297178Z
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@aspie4K i worked at a crypto startup once. one of my tasks was to do a fork of BitShares for a customer who wanted to use a blockchain for green energy.
(DIR) Post #A7YUpnfwjmdPwEVoie by aspie4K@aspiechattr.me
2021-05-23T22:51:27Z
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@thor did the 2008 recession not cause mass job losses and general economic mayhem in Norway? it did over here. anything that can prevent that recurring, or limit the damage it can do, is good in my books.
(DIR) Post #A7YUpo9MyOAdPUHJa4 by thor@pl.thj.no
2021-05-23T22:53:08.200869Z
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@aspie4K ah, i was laid off for that, but only because i never managed to build any seniority anywhere due to poor job stability. i kept losing my job all the time anyway, lol
(DIR) Post #A7YUsK3PKI5swAgkwi by thor@pl.thj.no
2021-05-23T22:53:30.865416Z
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@aspie4K i'm usually too swept up in my own disasters to even worry about little things like a recession
(DIR) Post #A7YUy3MqHNZgvFVn1c by thor@pl.thj.no
2021-05-23T22:54:37.167662Z
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@aspie4K that layoff felt more like an excuse to get rid of a new hire who wasn't performing than anything else
(DIR) Post #A7YV1berFCho8pdHeK by thor@pl.thj.no
2021-05-23T22:55:16.739931Z
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@aspie4K the recessions hit less hard here though and last for less time. i found a new job soon enough.
(DIR) Post #A7YV3jKtfVAeX9JCrY by aspie4K@aspiechattr.me
2021-05-23T22:55:19Z
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@thor It was an interesting thing to watch though, during the Covid lockdowns.Mainstream economy and stock market: plummeted.Crypto market: all time high.
(DIR) Post #A7YV8ewLRLLqLcAv4q by thor@pl.thj.no
2021-05-23T22:56:32.343672Z
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@aspie4K i am tempted to put a little bit of money into crypto since it just crashed. it's money i'd spend on nonsense if i don't do anything with it.
(DIR) Post #A7YV9bxnzYZnPEJQ2q by aspie4K@aspiechattr.me
2021-05-23T22:55:45Z
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@thor fair enough.
(DIR) Post #A7YVCLDEjEKwK1pd3o by thor@pl.thj.no
2021-05-23T22:57:09.079493Z
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@aspie4K but i would much prefer to put it into something that nobody cares about yet
(DIR) Post #A7YVFbktg9HqUv8MZU by thor@pl.thj.no
2021-05-23T22:57:43.909090Z
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@aspie4K maybe some small coin or a portfolio of promising ones, and then wait
(DIR) Post #A7YVK09mteoZKss58C by thor@pl.thj.no
2021-05-23T22:58:35.359650Z
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@aspie4K would ideally have to be some kind of ICO but not a scamcoin of course
(DIR) Post #A7YVWpT5wpdLwz1E6C by aspie4K@aspiechattr.me
2021-05-23T22:59:08Z
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@thor Cardano (ADA) would be my recommendation. I've personally put over £2k into it. Now it's dipped and Ethereum has largely rebounded I might trade my ETH for more ADA tomorrow when I'm more awake. I believe long-term (few years) ADA will replace ETH or at least be a major competitor, it will be worth a fortune, and if I'm right I'll be a multimillionaire. If I'm wrong, doubt I'll lose much, can just convert to a new thing. But I have real belief in ADA.
(DIR) Post #A7YVX1kuGR0m3hRcWm by aspie4K@aspiechattr.me
2021-05-23T23:00:28Z
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@thor ICO's aren't really a thing anymore because there were so many scams. New coins are introduced in different ways. Often tokenised versions are airdropped to get the word out. And "faucets" are set up giving away the coin for free. Then it gets added to an exchange or two.
(DIR) Post #A7YVbiqzy3n8srX5vM by thor@pl.thj.no
2021-05-23T23:01:47.513901Z
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@aspie4K so people aren't scooping in piles of cash on launching coins anymore? how is development funded?
(DIR) Post #A7YVpS2nGLsMnsb1xQ by thor@pl.thj.no
2021-05-23T23:04:17.457735Z
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@aspie4K in any case, where is Cardano traded? the two services i used the most the last time i touched crypto were Poloniex and Coinbase.
(DIR) Post #A7YW5J7kCAuvltTMeG by aspie4K@aspiechattr.me
2021-05-23T23:06:23Z
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@thor My opinion on good small ones to invest in:Cardano, Tron, VeChain, EOS, Pokadot, Tezos, Nano.Main ones I think have serious potential:Cardano and Polkadot.I find it hard to see a future where those two won't see serious gains in the next few years.Others are more of a risk but Tron for example is so dirt cheap you might as well grab some and see what happens, that's what I did.
(DIR) Post #A7YW9XsbHA4ch5PU3c by thor@pl.thj.no
2021-05-23T23:07:54.319119Z
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@aspie4K EOS was actually around when i left that company. we were somewhat concerned about it since the guy behind it essentially abandoned BitShares for it. bit of a tendency to hop projects....
(DIR) Post #A7YWDWUMOCRlXQy74C by thor@pl.thj.no
2021-05-23T23:08:38.291516Z
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@aspie4K kinda wondering why EOS is still at the "promising" stage still
(DIR) Post #A7YWK9IB21uVcfQgdc by aspie4K@aspiechattr.me
2021-05-23T23:09:08Z
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@thor they are, they just aren't doing it using ICOs, mainly because the SEC cracked down on them big time. so now it's more slow money. get the word out with airdrops and other free coin giveaways until you're listed on an exchange basically.
(DIR) Post #A7YWKojCyQtW8NOLxo by aspie4K@aspiechattr.me
2021-05-23T23:07:40Z
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@thor I believe Cardano is on Coinbase. If it's not, just buy some Litecoin (fast transfer and super low fees) then exchange it for Cardano using a site like CoinSwitch or Godex.
(DIR) Post #A7YWO2SSNoKbaL5ncW by thor@pl.thj.no
2021-05-23T23:10:31.639421Z
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@aspie4K yeah swapping one coin for another was a thing i did for Poloniex which didn't let you buy in fiat
(DIR) Post #A7YWUobWI18ae4Yy3c by aspie4K@aspiechattr.me
2021-05-23T23:11:23Z
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@thor yeah I'm confused why EOS is still considered to be going places as well, even setting up a wallet was such a ridiculous amount of unnecessary hassle, I don't get it at all. but somehow it's held value pretty well.
(DIR) Post #A7YWWVHd5wcHIn448G by thor@pl.thj.no
2021-05-23T23:12:03.448334Z
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@aspie4K maybe people can't figure out how to move the coin 😂
(DIR) Post #A7YWYVYx1k9OkQ7eLY by thor@pl.thj.no
2021-05-23T23:12:22.539558Z
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@aspie4K "i bought it. now what?"
(DIR) Post #A7YWZXxHcLdqSPzz9s by aspie4K@aspiechattr.me
2021-05-23T23:12:20Z
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@thor very real possibility 😂
(DIR) Post #A7YWetVQv4dIkBWQqG by astatine@neckbeard.xyz
2021-05-23T23:13:36.720722Z
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@aspie4K @thor ADA is on Coinbase can’t stake it there though
(DIR) Post #A7YWm5sZJa9195mCp6 by aspie4K@aspiechattr.me
2021-05-23T23:14:34Z
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@astatine @thor thought so!You don't wanna stake with an exchange anyway, transfer your coin to your own local wallet (ideally a hardware wallet, I have a Ledger Nano X) then stake it wherever you like.
(DIR) Post #A7YWuYG5gWJNTmoOEi by thor@pl.thj.no
2021-05-23T23:16:24.929980Z
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@aspie4K @astatine i usually didn't keep stuff on exchanges for very long. only for stuff like stop loss.
(DIR) Post #A7YX01460h92Gko66a by aspie4K@aspiechattr.me
2021-05-23T23:16:50Z
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@thor @astatine smort. "not your keys not your coin" etc.
(DIR) Post #A7Yz5yu7kq4C1Om8zw by cjd@mastodon.social
2021-05-24T04:08:38Z
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@thor What the banks did in 2008 to the whole of society has morally bankrupted fiat currency, and what gives crypto value is all of us stubborn idealists who have made the commitment that we're going to hold these thingies even if the price would go to zero.
(DIR) Post #A7Yz5zSVgzZXk2rbay by cy@fedicy.allowed.org
2021-05-24T04:32:13.175244Z
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@cjd @thor I think fiat currency was always troublesome. Remember what the banks did on Christmas of 1913, in the US congress? How about the foundation of the East India Company, back in the 1600’s? Or the Bank of England, founded in the same century? There was a thriving economy of interest bearing loans and debt in ancient Babylon, which was why the city depopulated itself every so often as people realized the unregulated loan sharking and scams made every single one of them a slave. And in history’s first act of regulation on banking, the king would actually have to come to the benevolent decision multiple times to (out of the goodness of his heart) declare all debts null and void, so people would move back out of the country and stop founding Judaism, to live in the city again.Not saying we’re not in huge trouble. 2008 was a huge iceberg that we really should be paying attention to. I do think crypto currency has potential to somewhat protect us from total economic collapse, such as what felled the Roman, Indian and (almost) Chinese empire simultaneously. We need to stop tracking everything, making it manipulable on a global scale, and forcing it to be equivalent rather than letting currencies of independent value take up the slack when our globalist omnicurrency economy starts popping like an overinflated balloon.But I also think there is history we can learn from and study, rather than treating this cyclically catastrophic scam as unprecedented when it reared its head in 2008. The only new piece I see in this old game is public keys: unbreakable digital encryption, and unforgeable easily verifiable signatures. Crypto might be the only thing that can save us, or it… might just get hoarded into the wallet of oppression, used to DRM us into ignorant peasantry. And then the world dies, and they lose everything.
(DIR) Post #A7Z6OlItFDlh1OGIyG by dsfgs@activism.openworlds.info
2021-05-24T05:53:25Z
1 likes, 0 repeats
@thorThat's all true.Don't forget however that govt is supposed to represent the people. If the next generations want a sane monetary system then #WeThePeople will get it.
(DIR) Post #A7Z7W6JZclhoAQe3O4 by wolf480pl@mstdn.io
2021-05-24T06:06:34Z
1 likes, 0 repeats
@thor in the meant time between the govt fucking up royally, and them introducing new not-fucked-up fiat, you need to somehow pay for your bread, and I'd rather not pay with vodka or ammo.
(DIR) Post #A7jaAWnlJ3CECBQjcu by cy@fedicy.allowed.org
2021-05-29T07:14:44.881341Z
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@adlib Well that’s uh… great, but people do network in person. The trouble these days is we have armies and propaganda sent by globalists to disrupt that. PKI is the first time in history anyone has been able to communicate securely, without any authority or huge institution able to sabatoge them or spy on them. Saying it can only help huge institutions is belittling the fact that it is the only thing that can stop them. Feudal societies are historically more stable, but also more taxing on our ecology. Seven, ten billion starving peasants burning wood for fuel is more than our planet can sustain. So no, our oppressors won’t live and prosper either. Life itself cannot take the stress of a total collapse of human civilization into ignorance and petty tyranny. It may have worked when there were 200 million of us, but… not now. We need to stop being consumers, but we can’t just be peasants either.
(DIR) Post #A7pmQ9KsgTGmRutd8C by cy@fedicy.allowed.org
2021-06-01T07:00:18.643162Z
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@adlib “PKI is the first time in history anyone has been able to communicate securely.”No. Not even close.I agree. That’s why I said, “PKI is the first time in history anyone has been able to communicate securely, without any authority or huge institution able to sabatoge them or spy on them.” People have been able to communicate securely in the past, if they’re lucky, but there’s always been ways for powerful groups to meddle in that. That’s why I think PKI is really important. We’ve always had to depend on an authority to protect us from being sabatoged and spied upon (while sabatoging and spying upon us), but not anymore.