Crypto - Security Vs Simplicity

What this episode covers

The world of crypto is a much different sphere than it was just a few years ago. Crypto has been called a joke, a fad, a scam, a novelty, and many other things. Very few people took it seriously when the early adopters were saying it was revolutionary, genius, disintermediating, and world-changing. Now people are coming around to the real world applications of cryptocurrency and blockchain technology, but the underlying goal of bitcoin, the first crypto, a permissionless, trustless, way to exchange value between 2 parties anywhere in the world without any centralized interference is getting obscured. Nowadays, the big players in the world of transactional money are jumping into this trillion-dollar world. This acceptance of crypto by the likes of wall street, investment firms, dot coms, and money processing companies has opened up a world of centralized intermediaries. This fact proves crypto is not a fad or a novelty and is here to stay. There is an interesting dynamic with crypto though. It can be as secure as you wish and it can be as simple as you please, but at this point in time, it is like a spectrum. On one side of the spectrum is security and on the other side of the spectrum is simplicity. So as you move across the spectrum from security to simplicity you lose more and more security as you gain more and more simplicity. The vast majority of people prefer simplicity over security so most of the development and new user onboarding in this new frontier is happening in centrally controlled, KYC compliant arenas. Personally, I don't see a big problem with this, but it does warrant a discussion and some thought about why a person wants to get into crypto. For the agorist, security is a big concern. The ability to exchange value in an anonymous manner consensually with another individual or company is important for many reasons. To be secure in one's property and associations requires that transactions can't be tracked by a government willing to use force against an individual. That being said, it is also important to be able to move in and out of the system as needed to take advantage of needed or wanted opportunities within the white market. Today, we'll be discussing the places where you can find security and how you can take advantage of platforms for simplicity. Join our new Discord Group for off-grid folks, agorists, and freedom lovers! Www.offgridagorist.com/discord. Check out our podcast archives and free stuff at www.offgridagorist.com.

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