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The power of decentralized cryptomarkets | Pavol Lupták

Ethereum Cypherpunk CongressMon, Oct 7, 2024, 12:00 AM

Short from the talk "Cypherpunks: Back then & Now" by Pavol Lupták https://x.com/wilderko Privacy Summit II - Paralelni_polis, Prague, May 30, 2024

Transcript

[Music] it is impossible for the government to shut out any cryptocurrencies what we are just seeing now that they are basically shutting project like a tornado cash vasabi wet of Sam they are shut shutting down this project just because they are centralized there are specific people behind this project they can just arrest they can jail these people but for the governments it will be impossible to shut down decentralized crypto markets we can expect completely new kind of financial freedoms thanks to truly aluminous cryptocurrencies uh I expect that more victimless crimes we will have in the future there will be more need uh for decentralized anonymous insurance against the government we have Technologies it's called like Anonymous prediction markets Anonymous decentralized prediction markets we can use this technology to achieve perfect corruption it's technically possible and I'm pretty sure that crypto markets in the future and decentralized organiz ation with the anti-government insurance will be much more competitive in the future compared to the government regulated eshops for and for non- illegal product and services thanks to this insurance so basically they can offer like because they they don't need to pay extra 50% which are uh which include a lot of this regulation V8 taxes and everything think I think this like a decentralized illegal crypto markets can be significantly cheaper [Music]

Automatic transcript — names and jargon may be misspelled.