Bitcoin Developer Declares War on the Nation State
In his self-described call to arms, Monero core developer elucidates his thoughts on the Bitcoin community's "Delusions of Grandeur." Our hubris led us down the path of infighting; inflated self-efficacy fueled the belief banksters would just disappear. After the brief scolding, our Bitcoin Napoleon reveals his plans for our salvation - and world domination. Also read: How Bitcoin Leads to Voluntary Government. French programmer & crypto dev David Latapie decried in an eclectic late night post on the bitcointalk.org forums. "We are resting on our laurels because BTC reached 1000 dollars.......
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A nation state is defined by UNESCO as one where the great majority are conscious of a common identity and share the same culture. Currencies and nations. The socio-cultural parts of a nation state form its backbone. Indeed, it is possibly for one nation to have multiple currencies or for many nations to share one. However, with the advent of the Internet, things have been rapidly changing. Traditional borders which were stiff and inflexible have melted away in the sense that today people can work internationally without having to leave the comfort of their own home countries. Sources of....
With the nation state game theory playing out in front of us, it is interesting to speculate on who may be next.
A new security report by Microsoft says nation-state hacker group Bismuth is now deploying cryptocurrency-mining malware alongside its regular cyber-espionage toolkits. According to the report, the deployment by Bismuth of Monero coin miners in recent campaigns has provided another way for the attackers to monetize compromised networks. Bismuth is reportedly backed by the Vietnamese government. Before pivoting to cryptocurrency miners, Bismuth had traditionally targeted human and civil rights organizations both inside and outside Vietnam using sophisticated techniques. However, according....