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RSA cofounder: The world would've been better without cryptocurrencies

theregister.com

12 points by JustinGoldberg9 8 months ago · 4 comments

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palata 8 months ago

> "It'd be foolish to sit here and try to defend every cryptocurrency in the world or everybody who's in that space. But in a lot of ways, it reminds me of the early internet," Felten posited.

My feeling is that Internet was immediately useful to most of its users. Cryptocurrencies have been a global phenomenon for close to two decades and still aren't.

> "What bothers me is that Signal makes you have updates every few days or something, and insist you use the latest version. And that means someone with a court order could say, 'Here, slip a bug into a version, ship it out, and make everybody use it,'" he warned.

Not that I disagree, but this is not exactly Signal's fault. If it really matters, one can compile Signal from sources and use that... but then "someone" could pay NSO to hack your phone.

eimrine 8 months ago

The world has became better since there are internet-based currencies made without any government assistance. Imagine not being able to send money because you don't have phone or passport or good reputation among governments.

  • tacobell666 8 months ago

    I can’t really imagine that. Is that a legit use case?

    • eimrine 8 months ago

      Is the post-Covid political system a "legit"? The governments around the globe have been realized that the human rights is a joke at that moment, we would be in a complete disaster if no 2 persons are able to send means without some ruling class entity as MiTM. FOSS is the only way out there from the techno-feudalism.

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