astoor

Or a gun, because America is famous for its gun culture, and it would be more clearly "shooting yourself in the foot".

Could be a good use for all the AI datacentres when the bubble bursts.

Given his past it is easy to imagine his keys got misplaced while on the run or met with some kind of "unfortunate accident".

In reference to the article's question: "could we turn Community Notes itself into something that's more like an economist algorithm?" My answer would be: no, as soon as you add an economic incentive to a system such as this, you break it, by adding an immediate and direct incentive for abusing and gaming it. FWIW that's why I think the concept of "credible neutrality" applied to money is a fantasy, like a neutral weapon (as soon as it is used it has, by definition, to have taken a side).

The article fails to point out that cryptocurrency has already effectively been banned (or at least delegitimised) in other major economies like China and India, so the US is in some sense just playing catch-up. At this stage, at the national level, cryptocurrency is primarily supported by mafia states like Russia, rogue states like North Korea, micro-states like various Caribbean islands, and otherwise failing states.

The irony is that Bitcoin was created in direct response to the perceived shortcomings of the traditional financial system (see the message in the genesis block), but since then the traditional financial system has cleaned itself up enormously, while cryptocurrency has had the exact opposite trajectory and is now nothing more than a magnet for actual or latent fraudsters.

Thirteen years is a very long time in technology. The "problem" with HN is that many of us have been around since the start of cryptocurrency, and have a very deep rather than superficial understanding of the technology. That means we have seen how the cycles work out (start out with something reasonable, e.g. a system for "small casual transactions" in Bitcoin's case, fail to deliver, change promises, fail to deliver, and rinse and repeat, each time with a new generation of greater fools) and understand that each new wave of promises are impossible to deliver for various technical and in some cases non-technical reasons. Unfortunately the current generation of proponents just don't have the depth of experience to understand this, and are blinded by false hope that this is their generation's breakthrough technology, so are doomed to repeat the mistakes of their forebears. FWIW I don't think it'll go to zero or disappear - it satisfies a niche in some human's psyche to try to "get rich quick" with little effort - just like we've had Multi Level Marketing schemes like Mary Kay for decades, and casinos and various forms of gambling for centuries.

Yes, casinos are pretty well regulated in most countries, which is why I wrote "At best they [cryptocurrency coins and tokens] are like casino tokens". Although casinos don't have a spotless record, e.g. US$63 million from the 2016 Bangladesh Bank cyber heist is suspected to have been laundered via casinos in Manilla.