asciilifeform: BingoBoingo: presumably it responds to the correct incantation only.
asciilifeform: if gold could be teleported at will, and likewise stowed in an inaccessible 'never-land' by the owner, one would need no electronic cryptocoin.
asciilifeform: 'even' in the russian prison there are smart folks. some, perhaps not quite smart enough to spring loose, some that stay out of habit, some that have simply not located a sufficiently fat herd of bullocks...
asciilifeform: but, seeing only what can be seen in the infamous quote, it was a good show.
asciilifeform: leaving aside the question of whether a particular mouthpiece of the headless dictatorship believes this, it is clearly intended for the consumption of folks who do (or could, with the right prod)
asciilifeform: witness herr dimon, believing that 'surely this cartoon coin can be copied just like mp3'
asciilifeform: seems to me like they are actually envisioning that cartoon coin, except somehow 'made of bit'
asciilifeform: except perhaps with great effort, and if you remember early childhood exceptionally well.
asciilifeform: folks with fully-decked-out brains, who can reason in abstractions, can't really picture what it's like not to
asciilifeform: or they can't imagine concept of 'coin'
asciilifeform: i think these folks literally have to see a gold coin, albeit a cartoon gold coin
asciilifeform: mircea_popescu: remember 'the camel has two humps' piece?
asciilifeform: mircea_popescu: imaginary physical, dead tree book or cardboard box that the product somehow is..These are required supposedly because its professional ..it helps the bullocks imaginary perceptions << the gold coins generated by the script all crapcoin artists seem to use. or the cardboard '90s software box drawn (identically!?) by all peddlers of winblows turdware...
asciilifeform: easily. but they were a bit too 'cold'.
asciilifeform: and why their alchemists got firmly wedged in alchemy
asciilifeform: dives into, (for those of us who do not know chinese) the reasons why the gadgets did not transition into what we think of as 'technology'
asciilifeform: rec. reading re: china: 'The Rise of Early Modern Science: Islam, China and the West', T. E. Huff☟︎
asciilifeform: the kids wouldn't fit in their parents' chairs.
asciilifeform: BingoBoingo: this was an actual problem in japanese metro in the '80s.
asciilifeform: it will resolve to elaborate ruses to steal keys
asciilifeform: mircea_popescu: re: the fool's fake passport: once it becomes possible to do business only with those who follow formula of 'fuck people, do business with keys,' social engineering goes mostly away.
asciilifeform: people who put no value on understanding.
asciilifeform: (to borrow from herr bush's 'truthiness')
asciilifeform: BingoBoingo: this is a classic example of 'proofiness'