Max

Max

Praxeologist ~ Cryptoanarchist ~ Cypherpunk

max@towardsliberty.com

Bitcoin's base layer is transparent. A surveillance industry has spent over a decade building tools to read it. Address reuse anchors clusters, the common-input-ownership heuristic extends them, and KYC touchpoints at exchanges map the result onto real people.

Privacy on Bitcoin is an architectural achievement on that base. CoinJoin, PayJoin, and CoinSwap improve on-chain privacy. Lightning moves payments off-chain with unilateral exit. Ecash and Liquid trade custody for confidentiality.

Bitcoin Privacy and Monetary Layersby Max
43m ago
3 2
Sound money that can be inflated or frozen by decree is not sound money. Bitcoin builds monetary discipline and resistance into the same architecture.

Every full node validates blocks against the rules its operator chose to run. A block that breaks those rules is rejected on the spot, and a miner who tries to inflate supply finds no exchange running standard rules will accept payments on the chain that extends from it. When China banned mining in 2021, hash rate recovered within months.

Bitcoin as Sound and Resistant Moneyby Max
1d ago
3 1
Digital money failed for years on two unsolved problems. Double-spending seemed to require a central operator, and most digital currencies were claims on issuers and not money proper.

Chaum's DigiCash threaded privacy and double-spending through blind signatures, then collapsed in 1998 when its operator went bankrupt. Nakamoto joined a permissionless ledger to consensus rules each operator enforces locally, with chain selection by accumulated work. Holders possess the units themselves.

Bitcoin and the Digital Money Breakthroughby Max
2d ago
6 2
A class of fraud that powers entire black markets on legacy platforms is structurally absent from Nostr. Aged accounts with established reputations cannot be bought and resold to scammers, because the cryptography refuses to enforce the handoff. Below is the argument for why this property emerges from the nature of an nsec, why hardware almost solves it but doesn't, and what it means for the kinds of trust the protocol can sustain.

The Unsellable Identityby Max
2d ago
8 2 2
Encrypted messaging hides content. The fact of communication, its frequency, its timing, and the parties involved stay visible to observers. Hayden was on record about acting on that data.

Transport architectures sit on a latency-anonymity tradeoff. A VPN relocates trust to one provider in exchange for speed. Tor distributes trust across multiple relays so no single hop learns both endpoints, and mixnets defeat timing correlation through batching and reordering at a higher latency cost.

Anonymous Communication Networksby Max
3d ago
6 1
A computation can be performed when no participant is permitted to see the inputs. Three architectures have reached production in the past decade.

Fully homomorphic encryption operates on ciphertext directly; Gentry's 2009 construction was a billion times slower than plaintext, and fifteen years of engineering have cut four orders of magnitude off that overhead. Secure multi-party computation splits inputs across parties, as MuSig2 and FROST do for Schnorr signatures on Bitcoin.

Computing on Secretsby Max
4d ago
3 1 1
Verification has traditionally required disclosure. Show the document, expose the birthdate, hand over the transaction history. Zero-knowledge proofs cut that link by letting one party prove a statement is true while revealing nothing beyond its truth.

The taxonomy splits along three axes: proof size, trusted setup, and proving cost. SNARKs produce tiny proofs after setup. STARKs drop the setup and add quantum resistance. Zcash, validity rollups, and Sui zkLogin carry real load today.

Zero-Knowledge Proofsby Max
5d ago
4 2 1
Traditional systems require trusting intermediaries. Cryptographic systems trust computational hardness assumptions tested by decades of failed attacks. That shift is the foundation everything later in the book stands on.

Mathematics replaces some trust requirements and leaves others standing. Key authenticity needs an out-of-band channel. Implementations fail more often than algorithms. The post-quantum transition has shipped in NIST standards, Signal PQXDH, and iMessage PQ3.

Cryptographic Foundationsby Max
6d ago
1
Mathematics is indifferent to legal prohibition. Information replicates at near-zero cost. Jurisdictions with divergent interests cannot coordinate suppression. The first Crypto Wars ended on those structural facts.

Victory was partial. Strong protection reached those who prioritized it. Defaults stayed weak for everyone else, and the two-tier equilibrium has held for three decades. The current phase targets builders through Chat Control, the UK Online Safety Act, and commercial spyware.

The Crypto Warsby Max
1w ago
4 1
What the Constitution forbids any single agency to do, the market assembles in stages for the state to buy. Sensors harvest, brokers aggregate, models analyze, and agencies deploy.

Clearview holds twenty billion images. Palantir runs the query interface. Venntel sells location data without warrants. Flock's license-plate readers cover five thousand communities. Sensor, storage, and analysis costs collapsed in overlapping phases, and the stack became economically mandatory.

The Analytics Stackby Max
1w ago
10 2
The advertiser is the customer. The user supplies raw material. Serving the user is incidental to a business that competes to capture attention and resell predictions about it.

Surveillance capitalism inverts ordinary exchange. Behavioral surplus is extracted without compensation, and information asymmetry blocks the price signal competition would otherwise produce. When Apple prompted plainly, around 80 percent of users rejected tracking. Demand is there once the price is visible.

Corporate Surveillance and Data Extractionby Max
1w ago
6 1 1
Most financial surveillance is the state conscripting private institutions to watch on its behalf, and Rothbard's intervention typology names the mechanism.

Triangular intervention dominates the field. The Bank Secrecy Act forces banks to report customer transactions, KYC conditions account access on identity disclosure, and the FATF Travel Rule extends the same logic to virtual-asset service providers. CBDCs narrow or remove the commercial-bank buffer entirely.

Financial Surveillance and the Stateby Max
1w ago
4 2
It's a thing!
1w ago
36 16 7
Every exchange has two sides, and money is one of them. Whatever properties the monetary medium carries, traceability or opacity, permissioned or permissionless, apply to every transaction conducted in it.

Menger showed money emerges through market process. Sound money carries properties derived from its three functions: medium of exchange, store of value, unit of account. Transaction privacy belongs alongside them, since a medium that exposes all transactions distorts coordination.

Money and Privacyby Max
1w ago
1 1
Privacy infrastructure is capital in the Austrian sense. It demands present sacrifice for future capability, and like any capital good it compounds across uses.

Bohm-Bawerk's roundabout production explains why building cryptographic tools outperforms reliance on institutional promises. The direct route depends on goodwill from authorities the user cannot control. The indirect route builds mathematics whose protection holds whether institutions cooperate or not.

Privacy as Capitalby Max
1w ago
1 1 3
Privacy improves exchange. Markets function under surveillance, imperfectly, and the claim is narrower than abolition of trade under observation: privacy improves coordination wherever humans deliberate, negotiate, and transact.

Thinking shaped by anticipated observer reactions becomes performance. Negotiation depends on asymmetric disclosure; revealing maximum willingness to pay collapses the bargain. Confidential terms let parties structure arrangements competitors cannot copy.

The Economic Value of Privacyby Max
1w ago
1
Try that hammock, it might help with the pain.
1w ago
A Mexican net hammock has done more for my sleep and my living space than any mattress I ever owned. The woven net cradles the body so contact pressure spreads across every inch of skin. It folds away to almost nothing during the day, and turns a small room or a vehicle into open floor the moment you unhook it. This post is the case for sleeping in one, and the specific kind to buy.

Sleep in a Netby Max
1w ago
1 1
Property rights exist to resolve conflicts over scarce resources. Information content is non-scarce: once known, unlimited parties can hold the same idea without depleting anyone else's hold on it.

Patent and copyright create artificial scarcity by state grant, giving one party control over how another arranges their own physical materials. Privacy survives intact through self-ownership over mind and body, owned media that carry information, and contract.

Information, Scarcity, and Propertyby Max
2w ago
3
Systems can be designed to resist external control. The third foundation of the book, after the Action Axiom and the Argumentation Axiom, is the one a reader can coherently reject.

Resistance is the capacity to impose costs on adversaries attempting control. The claim rests on computational hardness conjectures that have survived decades of attack research, and on the empirical record of Tor since 2002, Bitcoin since 2009, and end-to-end encryption at scale.

Chapter 5: The Axiom of Resistanceby Max
2w ago
2
Anyone who argues has already presupposed exclusive control over body and mind. You cannot make a case while mind-controlled, and you cannot push back against a claim if your speech is dictated.

Self-ownership extends into property through original appropriation, and the Non-Aggression Principle follows. Coerced surveillance falls inside the same frame: a regime that strips cognitive privacy has destroyed the conditions under which its subjects could be parties to any normative argument.

Chapter 4: The Argumentation Axiom and Self-Ownershipby Max
2w ago
I was wondering for a decade if I should learn to code.
I'm so glad that I didnt.

Engineering >> Coding
2w ago