Hey, remember when the Panama Papers were released and they showed how basically every wealthy person on the planet was avoiding taxes by offshoring their money and nothing was done about it except the reporter who broke the story was murdered with a car bomb?

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[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Rich or not: Most users of blockchain technology are still waiting on mathematical solutions to certain authentication problems and especially the double transaction problem.

Putting all your transactions into a giant government surveilled tentacle database is obviously no solution to this problem. This one we already have and obviously it hasn't the advertised effect.

People that want to stay in the shadows with their wealth and put an actual effort into this - criminal or not - are very hard to hinder.

[–]EpsteinIsHung 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

The current system is completley hidden and so much stuff happens with the monetary funds that is scetchy AF, manipulated numbers whenever it's convenient, and clearly there is no gold or cash to back up all the loans they've made. With blockchain tech, everything is transparent and out in the open. It can be trusted because it can't be used as another instrument for the elite to fuck with the world.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

That is why there is another quite meritocratic elite which i consider myself a (small, but nevertheless) part of: mathematicians and especially algebraics who were bashed for the last 200 years.

Only idiots in this profession share all the secrets they know of.

How to discuss your ideas with people you don't trust because they work for googol or a giant reinsure company ?

I don't. But since i'm a schizoid character type this is quite "ok" for me.

I usually break it down to analogies so that a friend of mine and my gf can actually understand and then i talk about it.

My thesis on this so far stays: You can't automatize trust.