Topic: Bitcoin: The Digital Kill Switch - page 15. (Read 55260 times)

The logic that was used in the past to not do the correct thing for Bitcoin was called "inflatacoin":

https://bitcointalk.org/index.php?topic=10666.40

Is gold "inflatacoin"? Gold's money supply increases forever (and there is probably more in outer space).

No I am not. I am referring to a generalization of the concept of "transfer pricing", where the cartels that own the government are able to earn profits from monopolization via various means of extracting revenue from everyone but themselves.


Because it drives everyone else to bankruptcy and not them.


Here is something for your enlightenment about who owns the government:

http://armstrongeconomics.com/2013/03/31/so-what-part-of-ny-courts-r-corrupt-you-did-not-understand/
 

Who said I expected a free market? I am talking about a cartel, a monopoly, and fascism.

We have that now, you just haven't yet seen the full effects coming down the road:

http://esr.ibiblio.org/?p=4867&cpage=1#comment-397431

(read the above linked comment and all the way to the end of the page to get all the detailed analysis)


Google for "Tragedy of the Commons". You don't understand economics.

I am thinking about if it is possible to improve anonymity.

One thought is that if it is not already done, then transactions should be flowed between peers encrypted if this doesn't ruin performance, so that traffic analysis can't be used to determine which IP (peer) transactions originate from. MUTE is an inspiration.

I am also contemplating whether it is possible to virtualize addresses.

I am thinking about if it is possible to make faster transactions:

https://bitcointalksearch.org/topic/m.1712280

Who said anything about power elite banning all trade? That is not the allegation. Try reading the entire thread and learn the meaning of the phrase "transfer pricing".

I guess you failed to study history, and don't remember how John D. Rockefeller cartelized oil and railroads with Standard Oil.

The definition of insanity is doing the same thing over and over again, and wonder why you get the same result. Sigh.

So Standard Oil didn't exist and any one who says he did is a "tinfoil hat reptile alien nut job".

Does your propaganda accomplish anything but destroy the process of open source improvement which is supposed to be based in rational facts, not in nonsense posts like yours?


You have no logic to retort the numerous facts discussed in this thread, so you resort to propaganda. As expected. Sad.

If you don't respect open source, then continue with that strategy of polluting this thread without factual discussion. If you respect open source, and want to be respected as helping make a better world, please don't do that. Consider the benefit to yourself and the respect you will gain from readers, if elevate yourself from the level of caveman tactics.

If you have a genuine factual and technical argument, I want to hear it. I want this to be peer reviewed. But peer review versus mudslinging represent two levels of evolution of homo sapiens. Elevate yourself. This isn't mud wrestling.

I think OP spent a bit too much time on armageddonconspiracy.co.uk 

Please don't tell me that bitcoiners are Illuminati tinfoil hat reptile alien nut jobs?? I was just starting to get my hopes up... is this rant about a global elite banning trade (which is basically the same idea as the Antichrist in the book fo Revelation) a parody?

David Morgan has published:

http://www.silver-investor.com/blog/silver-market-update/bitcoin-the-digital-kill-switch/



The beauty of open source. Thank you.

I am glad to see that Colin Dean's one criticism shows that he doesn't understand that read/writes will be incredibly infrequent. And the rest of what he writes is positive.

I should stop teaching how my system is going to work, before I implement it.

I see they (bitcoin.stackexchange.com) block my account for 4 more days of "cool down", so I can't reply there (and I won't). Hey I am warming up and gaining momentum, not cooling down.

Turns out "Proof of disk space" isn't so feasible with the current state of technology.

http://bitcoin.stackexchange.com/questions/8798/what-would-be-the-technical-and-wider-implications-of-a-cryptocurrency-that-us

Thanks for coming over here after I PM'ed you asking for your critique. You see I welcome it.

Unfortunately, I don't think you read the thread, because then you would understand that I am not describing a potential "51+% attack".

Please reply once you've properly absorbed the thread and understand the issue as well as the others do, who now understand and agree.

Btw, the main reason I PM'ed you is I what to be sure that the hard-core Bitcoiners are too cocky (and unwilling to read) to recognize and implement the fix. Because I want to make sure I won't waste my time coding a replacement for Bitcoin.

I had been studying your postings going back to 2011. So I expected you to do exactly what you do. Thanks.

First mover advantage isn't everything. Google was late to search. Facebook was late to social networking. If a system has problems a better system can take over. If bitcoin falls under the control of the elite anarchists will create something new.

Interesting... Will this have an influence on Bitcoin price?..

Scary.

Micropayments is an inherent weakness in Bitcoin, because there is no incentive in the protocol for miners to include transactions, in exchange for the new coins being minted per block.

Most of the overhead is in hash computation.

This should be something I address, that in itself will be a major win over Bitcoin.

It is all over the internet now, as promised.

https://www.google.com/search?q=Bitcoin%3A+The+Digital+Kill+Switch

As I mentioned up thread (yesterday), GATA did run an article and it is an interview with Jon Matonis. They did ask him about my allegation at the 18:30 min point and Jon denies it. I've been trying to contact Jon but don't know if I have the correct email address and no reply from him. Does anyone have a way of contacting him and making him aware of the diabolical Bitcoin flaw that I have alleged?

Jon thinks the open source community can fix any back door discovered. Well we are trying to prove that is true that we can fix it, but I think Jon does not understand that the fix can not be made in Bitcoin, because Bitcoin refuses to change their "debasement will terminate" design.

If someone could help me get this info to Jon and get a reaction from him, that would help a lot with my motivation.

I may still have Bill Murphy's @ GATA's email address and will try to contact him.

I will also try to contact Doug Casey, since they mention Doug Casey has objected to Bitcoin. I will try to bring Doug up-to-speed on the positives and my allegation if I can get through to him.

http://www.goldmoney.com/podcast/jon-matonis-on-bitcoin-and-crypto-currencies.html

@AgonyMint:

I've only read through the first two pages of this post, but I keep wanting to say this.

If you have half the chops you claim, (and I am by no means trying to disparage you), then do what you want.

Build it. If bitcoin really has this fatal flaw that you see, a couple of decades is nothing. While bitcoin has a good head start, P2P things I think are durable. If you build a client that is superior, it might take a while , but it will catch on. Especially if you do it now as opposed to ten years from now.

If your arguments are valid, they'll hold up, and people will use your invention, but only if you make it.

As far as virtual currencies go, there can certainly be more than one. Look at the history of fiat currencies. The world uses several main ones, and dozens of smaller ones.

Quit 'agonizing' over what you see as an inevitable future. There is no such thing. If you really have the ability to do what you say, you owe all of us the duty to do it.

Thinking maybe it's time you head on to bed!

Although I love the ideas, I'm all for anti-establishment, anti-government, anti-corporate empire...Hell...anti-ANYTHING! 

Thinking big is the only way to think!

However, I think you've reached the point of delusions of grandeur here....maybe it's time for sleep

Good stuff though!

Force be also with you Obe Wan.

Be me not to fail that remind Obe Wan, individually held PHYSICAL gold & silver be still very important for STABILITY of the force:

https://bitcointalksearch.org/topic/m.1702981

Teach you did the balance Yoda.