Posts tagged "programming"
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Atalanta: Monero's Reservist Army
Here’s the follow-up to a recent post about Qubic’s attack on Monero’s blockchain. There, I argued that Behavioral Economics was the answer. Otherwise, people can just play the ‘loose/aggressive’ tactic until it works. It would be wrong, however, to think that technical strategies don’t play a part. This post is an add-on. It will get pretty nerdy. I think Monero needs something like a wasp’s sting. It needs a way of causing harm to them who would cause it harm.
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Two Kinds of Centralization
Recently, I wrote that, by calling it a 'Central Bank Digital Currency', it's too narrow, our scope of wariness. The ‘Central Bank’ part is not to be sneezed at. Just don't end up watching for wolves and getting mauled by a bear. It’s the centralized aspect itself which demands vigilance. If our form of money is centralized, then expect it to be conquered. This might come as a dramatic takeover, but more likely would happen with bribery and blackmail behind the scenes. I want to flesh this idea out with examples. Specifically, I want to look at the two main kinds of centralization with a cryptocurrency: centralized ‘mining’ (i.e. the minting of digital currency) and centralized development.
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