A super statist named Jason Bloomberg believes in order to realize a more perfect state, the coercive apparatus of the state should be utilized to manage all digital forms of voluntary association. Bloomberg asserts this is necessary to fight crime.

The author prattles on to assert:

“ calling this threat the most dangerous of 2018.”

The guy seemed to be concerned with hackers utilizing corporate and personal networks and computers for cyrptomining. He asserts the only meaningful way to prevent such mass thefts of computing power is to make cryptocurrency illegal.

The guy groups all cryptos together and asserts his construct of “permissionless blockchains” where people can mine somewhat anonymously needs to be stopped to prevent the hacking and mass theft of computing power.

So the guy then discusses how central control via what he constructs as “Know Your Miner” would be instituted to prevent stolen computing power to be converted into crypto that the author worries could fund a parade of horribles like terrorism or crime.

The guy then demands reality conform to his perceived dual alternate end states either 1. no more anonymous blockchains, all where people know their miner and prevent/deter computing theft, 2. make all cryptos illegal—because the war on drugs and prostitution and underage drinking and drunk driving work so great, ya know? He then goes on to laud and promote Ripple as a possible solution to his control freak vision of the future.

Source

https://www.forbes.com/sites/jasonbloomberg/2018/03/10/we-need-to-shut-bitcoin-and-all-other-cryptocurrencies-down-heres-why/#31f737c91bca

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