InHavenPro
11607
I'll kick-off the year with....
Jan 11, 2019,12:31 PM
classic Snowden....
'Let’s step outside of paper currencies, which have no fundamental value, to a more difficult case: why is gold worth so much more than its limited but real practical uses in industry? Because people generally agree it’s worth more than its practical value. That’s really it. The social belief that it’s expensive to dig out of the ground and put on a shelf, along with the expectation that others are also likely to value it, transforms a boring metal into the world’s oldest store of value.'
'We live in a world where everyone is lying about everything, with even ordinary teens on Instagram agonizing over how best to project a lifestyle they don’t actually have. People get different search results for the same query. Everything requires trust; at the same time nothing deserves it.'
'This is the one interesting thing about blockchains: they might be that one tiny gear that lets us create systems you don’t have to trust. You’ve learned the only thing about blockchains that matters: they’re boring, inefficient, and wasteful, but, if well designed, they’re practically impossible to tamper with. And in a world full of shifty bullshit, being able to prove something is true is a radical development. Maybe it’s the value of your bank account, maybe it’s the provenance of your pair of Nikes, or maybe it’s your for-real-this-time permanent record in the principal’s office, but records are going to transform into chains we can’t easily break, even if they’re open for anyone in the world to look at. The hype is a world where everything can be tracked and verified. The question is whether it’s going to be voluntary.'
- Edward Snowden