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Comment by natrius

It turns out that there's a pretty easy fix for this. People have to start caring how the money they're accepting has flowed through the economy. You don't need a government to sanction bad actors. The people can do it on their own.

Money is power. Anonymous money prevents you from choosing which power you'd like to submit to. Decentralized money prevents governments from restricting power. Let's keep the decentralization and remove the anonymity so you can reject power you find undesirable.

The first application of this mechanism will probably be restoring our democracies by rejecting the power of money to influence them. It won't be the last application—I think we'll use it to enforce any rule that has a broad consensus behind it. The boundaries of the enforcement will be the same as the boundaries of our economy: there aren't any. We'll have global governance without a global government.

This is merit capitalism. http://meritcapitalism.com/

Zcash is cool, but if you accept it as payment, you're making yourself powerless.

parent natrius 10 years ago

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