"... the cypherpunk spirit is fundamentally about making maximally immutable systems that work with as little information as possible about who is participating ("on the internet, nobody knows you're a dog"), but making new forms of governance requires the system to have richer information about its participants and ability to dynamically respond to attacks in order to remain stable in the face of actors with unforeseen incentives."
"Failure to do this means that everything looks like finance, which means, well.... perennial over-representation of concentrated interests, and all the problems that come as a result."
"There is one key difference between blockchain political theory and traditional nation-state political theory - and one where, in the long run, nation states may well have to learn from blockchains. Nation-state political theory talks about "markets embedded in democracy" as though democracy is an encompassing base layer that encompasses all of society."
"In reality, this is not true: there are multiple countries, and every country at least to some degree permits trade with outside countries whose behavior they cannot regulate. Individuals and companies have choices about which countries they live in and do business in. Hence, markets are not just embedded in democracy, they also surround it, and the real world is a complicated interplay between the two."
Why would anyone want to use #TornadoCash on #Ethereum / #ETH, which is written in the systemically unsafe Programming Language that is #Solidity when #Monero :monero: / #XMR exists?
OC Vitalik Buterin Sells Big, Satoshi Nakamoto Holds Tight, Ethereum's $3,750 Standoff (cryptotale.org)
Ethereum's price trend analysis highlights key milestones from peak to consolidation, shaping its journey.