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Rethinking Cryptocurrency as a Technology

  1. #1
    Ghost Black Hole
    Imagine a password that cannot be changed.



    Now imagine if this password was public, everyone can see it and connect to the account. Nobody can own it or change the password and everything associated with that account is open to everyone forever.

    What are the implications of this? This is something that doesn't really exist in any form anywhere else. You could say the INTERNET is the ultimate open freedom but your ISP and servers can block IP addresses and it's all very centralized. In practice though it is OPEN AND FREE

    p2p is the only thing I can think of that's similar technologically. But anyways, my point is that this is a very emergent and underdeveloped path for this technology and I think it's interesting to consider

    something similar: a runescape youtuber made an account than anyone can access and because of Jagex's retarded systems it was impossible for anyone to actually take full control of the account, and it kept getting unbanned for some reason because the admins are retards.



    With a cryptocurrency wallet anything that ever landed in it would probably get auto siphoned by a bot to another private wallet (which is what happened on the runescape thing) but I think it's still interesting to consider.

  2. #2
    Bradley victim of incest
    wow what an original idea a canadian factory worker came up with on a sunday morning that no one has ever considered while rethinking global currency!!!
  3. #3
    Ghost Black Hole
    Originally posted by Bradley wow what an original idea a canadian factory worker came up with on a sunday morning that no one has ever considered while rethinking global currency!!!

    maybe you are just too poor to understand it
  4. #4
    technology to facilitate a global ponzi scheme.
  5. #5
    something with its own intrisic value can not be manipulated and / or speculated.
  6. #6
    Ghost Black Hole
    Originally posted by vindicktive vinny something with its own intrisic value can not be manipulated and / or speculated.

    says you
  7. #7
    Originally posted by Ghost says you

    i am
  8. #8
    Ghost Black Hole
    A public key crypto wallet that everyone on earth has access to and could load up in a wallet explorer would be quickly taken over by bots and bad actors

    But it's interesting to consider if these could be defeated and what uses this could have if it was free from such activities

    Maybe a block on withdrawals built into the wallet that nobody can change, but that would reduce its ability to interact if it can't send and receive.

    Or maybe the funds in that wallet could be used and voted on by people that contribute into something but that would also be retarded and pointless probably
  9. #9
    Speedy Parker Black Hole [my absentmindedly lachrymatory gazania]
    Just like this retarded and pointless thread and OP
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