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RE: The Limits of Crypto-Economic Governance (Response to Vitalik's Critique of DPOS)

in #eos7 years ago (edited)

I think on the utilization of cryptography in blockchain in the form of SHA256 for Bitcoin, Dagger-Hashimoto algorithm for Ethereum and Scrypt for Litecoin posed a huge challenge to regulatory attempts.
The current surveillance program, such as those run by the NSA or sharing programs such as the 5-eyes are not able to break current cryptography methods as they are sufficiently robust given computing power available today.
This meant that blockchain frameworks cannot be stopped. It can be outlawed but is not completely enforceable by agents of the country at a low cost.