UmbraVivi [he/him, she/her]

  • 3 Posts
  • 2 Comments
Joined 4 years ago
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Cake day: July 29th, 2020

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  • If I point a gun to your head and tell you to send me all your bitcoin, you will probably do so, and then you will call the police to tell them that I robbed you at gunpoint. The police will then arrest me and make me return the bitcoin to you that I stole. When you call the police after I stole your Bitcoin, are you trusting a centralized authority to decide whether or not the transaction was legitimate? After all, if I check the blockchain, the transaction seems perfectly fine.

    Blur and OpenSea, the leading NFT marketplaces, both have measures in place to attempt to stop the sale of stolen NFTs. Should we trust these centralized platforms to decide whether or not a token should be tradable? Should we demand they abolish these theft protections in the name of decentralization?

    As long as there exists a state with an authority on violence, Bitcoin being decentralized is a mere technicality. All power comes from the barrel of a gun. If the state wants to take your Bitcoin to pay for another war, they can do so regardless of what the code says by simply having the police knock on your door.

    Do you want to abolish the state altogether? If you think all centralized authority is bad, what are your thoughts on the crypto space getting increasingly centralized? What do you think about Yuga Labs buying up other top NFT collections? Should they be allowed to do this and if no, who should stop them? How does Bitcoin solve any of the problems you outlined and do you really think that if the government hadn’t been able to print money, they wouldn’t have found another way to bail the banks out?