Advertisement
Guest User

Untitled

a guest
Jan 19th, 2018
102
0
Never
Not a member of Pastebin yet? Sign Up, it unlocks many cool features!
text 2.41 KB | None | 0 0
  1. The question is… can governments block or ban the transmission of cryptocurrency transactions?
  2.  
  3. I really like the answer Andreas M. Antonopoulos gives in his book, The Internet of Money Vol 1 pg. 98.
  4.  
  5. "The answer is no, but I don’t think people quite understand why the answer is no. I’ll give you a couple of theoretical examples to show what I mean.
  6.  
  7. Transmitting Bitcoin Transactions via Skype as Smileys
  8.  
  9. My first ridiculous example is the encoding of bitcoin transactions as emoticons or smileys in Skype. Skype has a 128-character emoji alphabet which allows you to send various frowny faces, smiley faces, thumbs up, thumbs down, sunny days, beating hearts, birthday cakes—you know, all of those kinds of things. Now, let’s look at that from an information-content perspective. That’s a character set, right? If I’m a computer scientist, I’m going to look at that and say, okay, I now have an encoding scheme. This would allow me to send a 250-byte transaction in about 500 characters. 500 smileys. A bitcoin transaction in smileys.
  10.  
  11. I can literally mathematically write a little script, it’s two lines of Python probably. If you’re really efficient, it’s probably one line. No libraries needed. In the script, I can take the hexadecimal representation of a bitcoin transaction and encode it in emoticons. I can then copy that into a Skype window anywhere in the world. As long as the recipient could be a robot. The recipient could be an automated listening station that is designed to decode smileys into transactions and transmit them onto the bitcoin network.
  12.  
  13. Now, explain to me how anyone can make that stop, other than by shutting down Skype. If they shut down Skype, I’ll use Facebook. If they shut down Facebook, I’ll use Craigslist. If they shut down Craigslist, I’ll put my transaction in a TripAdvisor review. If they shut down TripAdvisor, I’ll post it as a comment in the history of a Wikipedia article. If they shut that down, I’ll post it as the background of a JPEG image in my holiday snapshots.
  14.  
  15. "Money is now completely disconnected information content."
  16.  
  17. Money is now completely disconnected information content. There is absolutely nothing you can do to sop information from traveling from anywhere in the world to anywhere in the world when you have an abundance of fully interconnected multimedia communication mechanisms as we do today."
Advertisement
Add Comment
Please, Sign In to add comment
Advertisement