Fugue State Machine MotoJan 18, 2023

You might already know I’m a huge fan of the Magical Internet Money / #decentralized technology tour-de-force developed by #Chia Network (the company Bram started after he invented #BitTorrent).

Today’s blog post - by Chia CEO @hoffmang - describes how Chia’s new custody tools can help fix both the “oh dang - didn’t mean to sign that - undo - UNDO!!!” problem, and the “oops, lost that key, guess that money is gone” problem.

https://www.chia.net/2023/01/17/cypherpunks-in-sportcoats-chias-custody-is-a-killer-app/

Cypherpunks in Sportcoats: Chia's Custody is a Killer App - Chia Network

On December 6, 2022 Timothy B. Lee had a guest post on Josh Barro’s Substack, “It’s time to get serious about regulating cryptocurrency.” He concluded, “Americans shouldn’t invest in cryptocurrency … because most Americans lack the technical skills required to do it safely.” He is correct about the current state of the solution that people […]

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Teaser quote:

> We are moving to a future where having extremely high security feels more like ultra-secure car keys (don’t get me started about how insecure actual car keys are), and less like carrying $100 bills in a brown paper sack in a dangerous part of town. This future is far more secure than the one we live in today, and it adds security to far more than just financial assets. It is one of the key reasons blockchains will be adopted for real world use cases.

Jan 18, 2023 at 1:46amWeb