12 ms·

All crowd funding can be disintermediated by smart contacts. Imho, the writing is on the wall.

by tekproxy 8y ago

Cthulhu_ 8y ago
Until the FBI or whoever comes in to shut it down once it attracts enough illegal activity.
- mirimir 8y ago
  If it can be shut down, it was a fail from the start. Edit: Just in case it's not obvious, I consider vulnerability to takedown as a backdoor.
  - tjoff 8y ago
    If it can't be shut down it is doomed to fail.
    - sparkie 8y ago
      What makes you so sure? BitTorrent couldn't be shut down, and that certainly didn't fail. Various torrent websites have been shut down and the protocol sill runs as good as ever. What is needed isn't just a company delivering a patreon alternative, but people to build a protocol for crowdfunding, much like Bittorrent. This can be done now thanks to Bitcoin. If exchanges and webhosters get shut down, it will cause a slight disturbance in the protocol, but it won't bring the protocol down. These protocols can offer better privacy than their centralized counterparts, and censorship becomes a non-issue. Given the clear advantages, I suspect that it is the centralized, politically charged providers who are doomed to fail, eventually.
      - tjoff 8y ago
        Who cares about the protocol? BitTorrent most certainly has taken a huge hit just by being associated with piracy, but regardless that's not very interesting. There are tons of ISPs etc. that filter BitTorrent, but that's mostly because it puts a strain on the network. Aside from that few has been attacking the protocol itself. If emailing was considered illegal and google, microsoft et al would shut down their servers, you would still be able to email people. Though far from anyone, and you might need to remember that odd IP because the DNS queries for popular people might be blocked depending on where you live. If that was the case, would email be dead? Yes. Would email as a protocol be dead? No. But it would be dead in the eyes of the public. And that kind of defeats the "censorship becomes a non issue". By that logic censorship in china is also a non-issue. Because you can circumvent the great firewall with VPNs. Never mind that you have to be tech savvy and take personal risks, but despite that it isn't a non-issue to the public. And that's enough.
        sparkie 8y ago
        DNS is a problem for censorship resistance. The solution is not to identify people by their IP address, but to identify them by a unique token which cannot be forged by anyone else (a public key). In place of DNS, you have distributed gossip protocols which map public keys to IP addresses, and where the messages in that protocol are digitally signed using the private keys for that public key, such that you couldn't have the equivalent of "DNS spoofing". You can also use the same public keys to perform an authenticated DH key exchange and then have all of your communications encrypted and MITM resistant. A public key would be like a phone number. You give it out to the people you want to have it directly. We're effectively in an arms race right now where one side is determined to tightly control internet traffic like the Chinese firewalls, and the other side is developing distributed protocols which resist these censorship efforts. The latter has had a significant boost with the invention of Bitcoin, which can now be used without an internet connection, over SMS, satellite, radio and whatever else. This isn't going to be a trivial thing to shut down.
        tjoff 8y ago
        So, now those gossip protocols must now go through a central service, which has government oversight (I mean, think of the children!). Any such traffic that are not destined for that central service is dropped at all ISP borders.
        sparkie 8y ago
        Gossip is P2P. The protocols can be hidden as if they were SSL or some other widely used protocols, but without the PKI and the centralization problems that has. Evading the censors will probably be a continuous effort. The great firewall has not succeeded in preventing the use of proxying services and VPNs, despite the efforts. If internet censorship becomes too widespread, people will use other communication mechanism to conduct trade. As I mentioned, Bitcoin is broadcast over satellite and radio in some locations. You can send a transaction as an SMS message. A bitcoin transaction is ~250 bytes and can be encoded as a sequence of 16 emojis. I can print a bitcoin transaction on paper and the recipient can scan it.
    - mirimir 8y ago
      Why do you say that? Consider Freenet, Tor, I2P, etc.
thecatspaw 8y ago
but by cutting out the middle man the motivation to setup a site faciliating this vanishes.

All crowd funding can be disintermediated by smart contacts. Imho, the writing is on the wall.

Cthulhu_ 8y ago

Until the FBI or whoever comes in to shut it down once it attracts enough illegal activity.

mirimir 8y ago
If it can be shut down, it was a fail from the start. Edit: Just in case it's not obvious, I consider vulnerability to takedown as a backdoor.
- tjoff 8y ago
  If it can't be shut down it is doomed to fail.
  - sparkie 8y ago
    What makes you so sure? BitTorrent couldn't be shut down, and that certainly didn't fail. Various torrent websites have been shut down and the protocol sill runs as good as ever. What is needed isn't just a company delivering a patreon alternative, but people to build a protocol for crowdfunding, much like Bittorrent. This can be done now thanks to Bitcoin. If exchanges and webhosters get shut down, it will cause a slight disturbance in the protocol, but it won't bring the protocol down. These protocols can offer better privacy than their centralized counterparts, and censorship becomes a non-issue. Given the clear advantages, I suspect that it is the centralized, politically charged providers who are doomed to fail, eventually.
    - tjoff 8y ago
      Who cares about the protocol? BitTorrent most certainly has taken a huge hit just by being associated with piracy, but regardless that's not very interesting. There are tons of ISPs etc. that filter BitTorrent, but that's mostly because it puts a strain on the network. Aside from that few has been attacking the protocol itself. If emailing was considered illegal and google, microsoft et al would shut down their servers, you would still be able to email people. Though far from anyone, and you might need to remember that odd IP because the DNS queries for popular people might be blocked depending on where you live. If that was the case, would email be dead? Yes. Would email as a protocol be dead? No. But it would be dead in the eyes of the public. And that kind of defeats the "censorship becomes a non issue". By that logic censorship in china is also a non-issue. Because you can circumvent the great firewall with VPNs. Never mind that you have to be tech savvy and take personal risks, but despite that it isn't a non-issue to the public. And that's enough.
      - sparkie 8y ago
        DNS is a problem for censorship resistance. The solution is not to identify people by their IP address, but to identify them by a unique token which cannot be forged by anyone else (a public key). In place of DNS, you have distributed gossip protocols which map public keys to IP addresses, and where the messages in that protocol are digitally signed using the private keys for that public key, such that you couldn't have the equivalent of "DNS spoofing". You can also use the same public keys to perform an authenticated DH key exchange and then have all of your communications encrypted and MITM resistant. A public key would be like a phone number. You give it out to the people you want to have it directly. We're effectively in an arms race right now where one side is determined to tightly control internet traffic like the Chinese firewalls, and the other side is developing distributed protocols which resist these censorship efforts. The latter has had a significant boost with the invention of Bitcoin, which can now be used without an internet connection, over SMS, satellite, radio and whatever else. This isn't going to be a trivial thing to shut down.
        tjoff 8y ago
        So, now those gossip protocols must now go through a central service, which has government oversight (I mean, think of the children!). Any such traffic that are not destined for that central service is dropped at all ISP borders.
        sparkie 8y ago
        Gossip is P2P. The protocols can be hidden as if they were SSL or some other widely used protocols, but without the PKI and the centralization problems that has. Evading the censors will probably be a continuous effort. The great firewall has not succeeded in preventing the use of proxying services and VPNs, despite the efforts. If internet censorship becomes too widespread, people will use other communication mechanism to conduct trade. As I mentioned, Bitcoin is broadcast over satellite and radio in some locations. You can send a transaction as an SMS message. A bitcoin transaction is ~250 bytes and can be encoded as a sequence of 16 emojis. I can print a bitcoin transaction on paper and the recipient can scan it.
  - mirimir 8y ago
    Why do you say that? Consider Freenet, Tor, I2P, etc.

thecatspaw 8y ago

but by cutting out the middle man the motivation to setup a site faciliating this vanishes.