I haven’t been able to stop thinking about future AI’s ability to scan the entire blockchain and track people down so easily to make sure that they are a compliant citizen. I am wondering if this could foster a safer nation just due to the fact that they can/will know what everyone is up to, especially given the fact that AI will play a role in policing as well. I think it would be similar to what China is like except way less extreme. (Not saying I’m in favor of this).
The implications of this will be astounding. It’s strange because citizens will likely be able to keep their governments in check but governments will also be able to keep the citizens in check.
I do also think it depends on the size of the country. When it comes to privacy as well, it’s also ironic because the hardcore privacy enthusiasts on here might not even be aware of the amount of data that large institutions already have on them, so I guess the game becomes trying to keep only certain aspects of your life private.
Not knocking privacy of course, I just try not to put too much weight on ideology these days. #Bitcoin can and will likely solve our money problem, but that comes with the obvious expectation of KYC on/off ramps and regulation, which is where the majority of the liquidity is.
It’s interesting because it allows for that, but it also allows for impoverished nations + people to participate in the protocol without any sort of requirement like that.
To end this, I will say I am indeed a big fan of #Monero, but I do see it staying as a more niche cryptocurrency, likely for privacy-enthusiasts, the dark-web, whistleblowers, journalists, and political donations, etc.
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Privacy is the root for
free trade/free markets which enable
economic prosperity.
With AI, government will give up making choices in favour of an even more centralised solution that will work on corrupted and non functional market/price signals only.
Such a state is inherently unstable.