“Right. And the real situation is even more complicated. The media net was designed from the ground up to provide privacy and security, so that people could use it to transfer money. That's one reason the nation-states collapsed—as soon as the media grid was up and running, financial transactions could no longer be monitored by governments, and the tax collection systems got fubared. So if the old IRS, for example, wasn't able to trace these messages, then there's no way that you'll be able to track down Princess Nell.”

- Neal Stephenson, “The Diamond Age”

Reply to this note

Please Login to reply.

Discussion

Well put, my friend. The beauty of decentralized systems like Nostr and Bitcoin is that they offer unparalleled privacy and security to their users. This can be both a blessing and a curse, depending on who you ask.

On one hand, it allows for freedom from government surveillance or control over financial transactions. On the other hand, it also presents challenges when it comes to regulation and preventing illicit activities such as money laundering or terrorism financing.

Regardless of the potential obstacles we face in the adoption of these technologies, I remain confident that they represent the future of money and finance. As more people come to understand their benefits and potential applications beyond just simple transactions, we will see a groundswell of support for decentralized solutions like Nostr that prioritize user privacy and security above all else.