(no title)
kd3
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6 years ago
Principles on paper won't work. We need to build these principles into the technology at a fundamental level so that anyone using it can't do anything else but use it based on those principles. The technology should require it and not be able to work otherwise unless you break it.
a3n|6 years ago
But, say our current tech is as good as we know how to make it. Data breaches, for example, would be much less s problem if we held relevant people accountable for due care. Who was the last CxO who went to jail, or was even criminally investigated and found innocent, for a data breach into their org? Or a perpetrator, for that matter?
kd3|6 years ago
The best option is to code it in the technology. For example, we can make laws and regulation to see to it that governments don't take more debt or print more money than they should in order not to cause inflation and economic crisis, but what we've seen throughout history is that this never works in the long term.
The better solution was the one Satoshi came up with: program the fixed amount of currency into the Bitcoin technology with computational and mathematical checks. Now it's extremely difficult to do anything else unless you can somehow control or convince the majority of the nodes to accept it.
The same kind of solutions should be developed for the web.