Topic: Bitcoin: The dream of Cypherpunks, libertarians and crypto-anarchists - page 3. (Read 3366 times)

After keeping the topic for 2 months in the Begginers&Help board, I'm moving it again to Bitcoin Discussion board, for more visibility.

Does anyone know how to say this expression with other words, thus it can be understood better by non-English speakers?

I just noticed that I received 1 merit from a very old forum member - Paperweight. While I'm glad that happened -- that such an old forum member found this writing of mine and considered it being qualitative, I am also happy to see that such an old forum member is still active. People like him are rare, very rare, as most of the old forum members (2009 - 2011 era) are not using the forum (or their old accounts?) anymore.

@17:00

https://overcast.fm/+LNqca2EDU/17:00

This below-linked podcast that came out today reminded me of this thread, in terms of talking about bitcoin precursors and the problems that were attempting to be solved in the lead up to bitcoin.

Unchained: Why Bitcoin Now: The History of Digital Currency - Ep.185

The dream of Cypherpunks, libertarians and crypto-anarchists includes fungibility.

Those guys have already planned everything from the start of every new revolution they always have some counter plan. they just have some hard time countering BTC no matter how they put negative news about it, there are some people who always trust bitcoin and the price is still remaining on top. I think this is the reason why they adopt it now instead of boycotting it in the mainstream. Since they cannot stop the popularity and the demand. Not all the time things are going according to plan there is always be a time like this where they're plan has failed to erase BTC from the people's mind.

I decided to move the topic for a while in the Beginners & Help section, as some of the users of this board may not visit also Bitcoin Discussion board. I think I'll move the topic from time to time between the two boards, in order for the thread to have the chance to be read by as many members as possible.

Sure, we probably do not learn those kinds of financial matters in school because of systematic desires for consumer and debt culture, even though some kinds of financial strategy matters can be learned too, including if adults were to learn to live within their means and to incorporate some kind of savings/investment practices.

So, if young adults begin to attempt to save 10% of their income, then after a while the 10% begins to add up, and they might thereafter begin to learn how to invest, too.... and then realize that diversification of investments should be across different kinds of asset classes, and that is one of the problems with attempting to diversify within crypto when almost every single non-bitcoin crypto seems to be largely dependent upon the performance of bitcoin - so does not seem to be adding much value to actually include some other crypto - except maybe for gambling purposes... or maybe having some inside information that could cause pumpening (which also could end up blowing up too, if not getting in and out at the right time).

It's crazy just how many people actually think you have to diversify by buying MORE altcoins. Somewhere along the way, people lost their heads and forgot that putting Bitcoin as PART of your investment portfolio is your way of diversification, NOT putting it all in Bitcoin and then spreading it among altcoins.

I think the lack of financial education is what's the real problem here.

There are NOT too many people who would recommend putting 100% in bitcoin or any other possible investment, and I tend to recommend people who have at least a 4-year investment timeline (preferably longer) to put 1% to 10% of their quasi-liquid investable assets into bitcoin...

Of course, each person has to tailor their investment, strategy and planning, whether we are talking about bitcoin or any other investment to their various personal circumstances that could also affect how they invest including whether they employ lump sum investment, dollar cost averaging, buying on dips or variations of such strategies to accumulate, maintain, liquidate.. depending on where they are at, in terms of their own specific circumstances including risk tolerance, cashflow, other investments, etc.

Seriously, if I can keep all my money in Bitcoin I would have done that by now, just that I am having problem with the volatility of Bitcoin. I prefer all these new age digital banking than the banks that we used to use before. But it’s not possible for me to keep my money in Bitcoin, the price can go down at any time, I just invest and save little bucks in it that wouldn’t get me worried if they should drop.

Banks are really doing things that are frustrating people these days, and I am starting to not like them. Although I’m also worried that Bitcoin is not 100% anonymous and won’t give us complete privacy, and I don’t like Monero.

With apologies for the late reply, I present you a sort of a chart, hoping this is what you asked I had to spend a lot of time to imagine to to place all this information in a proper manner and the below picture is the best my (limited) imagination could come up with. If there is anyone which has a better idea, I can offer the information from the picture in an editable form. In order to create this chart I used Excel and then I saved the selection as a picture, but I still have the Excel file if anyone needs it.

Please let me know if this form is what you needed.

Thanks for considering my questions, GazetaBitcoin.

I surely do not want to cause you to engage in any additional work that you are reluctant to do unless you are interested in such possible way of looking at the matter (in a kind of heuristic, pun intended... Anticipating: I know the spelling is different   ), and I was just mentioning how I had thought about the matter in my head.

A chart might not end up being very complicated, but could cause the matter to be more easily seen, and I am not the greatest at making charts, either... but such a hypothetical chart might merely contain the various predecessor currencies including bitcoin on the top horizontal header line, and then a list of various features across the left side, and then check marks (or other kinds of marks) regarding if such features had existed in predecessors and if they exist in bitcoin (or used to exist in bitcoin or came into existence later in bitcoin).

I was thinking about something like the chart that is contained in the password manager comparison page linked below, even though I have seen some comparison charts that would go into more detail, maybe even about software, even though I don't have any examples of such charts in front of me at the moment.

https://www.password-pros.com/visitsite?gclid=Cj0KCQjwo6D4BRDgARIsAA6uN1_aWevEojPURfz8XXgy7Hs7vGFm6_2Oua8ufTqXg0Ne29eTk64sCg4aAoHYEALw_wcB



Well...........


after a bit of deliberation.....



I am going to plea the 5th....



Under-the-breath Disclaimer (statement against interest):  This subject matter does not seem to be going in the direction that I had previously hoped.  

I usually prefer to create 27 words where 18 words would have done just fine, so that tends to be my inclination.      hahahahaha

JJG can certainly help you there!

I understand what you are asking, but I don't know about the existence of such chart... I also don't know anything about the existence of such comparison. I'll try to make a comparison, although it will not be easy But it will be a text-based one, as I'm not too good with charts They require imagination and mine is pretty limited lol. But after I'll make the comparison, maybe you or someone else could try also to create a chart.

It will take a while though, as I have to find the proper words for explaining everything. As far as I know this is an uncharted territory, as this thing was never made before Therefore I will try to be very cautious, in order to describe the differences between Bitcoin and its ancestors in a vivid manner.

I am not unsatisfied with your various answers and explanations, but I had been hoping for a kind of short explanation that presents the matter in a kind of layman way.. It could be that I am kind of looking for a chart to show features of various previous systems to show which features each of them have and to see that bitcoin has many of the same features, but maybe even more.  I wonder if such a chart might already exist?

Frequently i hear that with bitcoin, satoshi did not really invent anything new, but instead satoshi was able to combine a lot of different prior inventions and technologies in such a way that no one else had done previously.. so maybe there were not too many new things within bitcoin, but just the implementation and combination of what had largely already existed in one form or another, but there also is a bit of genius in terms of applying those technologies together.. and especially, for example, I had heard of the two week difficulty adjustment as being one of those very powerful mechanisms that might not really had existed in prior systems, so maybe difficulty adjustment every two weeks is not any kind of powerful invention, but it really makes bitcoin powerful in terms of how the difficulty adjustment is applied (and creates incentives).. within the context of other bitcoin features.  

So, maybe there is no real short explanation to what I had been attempting to ask that makes sense when delving into some of the technicalities for what bitcoin fixed at the time of bitcoin's launch and how it was fixed and whether we even knew that certain bitcoin technical features were a fix at the time of launch versus finding out later after bitcoin went live for a while, and then ONLY realize that the bitcoin plane had to be fixed further while it was flying because there were problems with the original set up that needed to be fixed....

If we are mostly trying to figure out what was put into place upon bitcoin's launch rather than how it might have changed after launch, maybe even a synopsis regarding both the deficiencies of certain earlier proposed money systems that bitcoin fixed.  Although, I don't believe that a chart would limit bitcoin development towards only at launch, because some features would have been added to bitcoin at a later date.. or maybe even removed from bitcoin at a later date.. but still could be shown in a chart.

Something like the below, but maybe not everything would need to be in the chart because once the features are shown, then the question of bitcoin fixing it may or may not need to be added to the chart because there are likely variations to the features too, both at the time of bitcoin's launch and down the road:

b-money -  had this, this and this feature and defects, and bitcoin fixed this this and this through these mechanisms

bitgold had this this and this feature and defects, and bitcoin fixed this, this and this through these mechanisms

hashcash had this, this and this feature and defects, and bitcoin fixed this this and this through these mechanisms

Bitcoin had this this and this feature, and maybe a chart would show if the features overlap and whether bitcoin has all of the features of the previous projects and even show if bitcoin chose not to implement some features that might have been present in some of the earlier projects.

Maybe my thinking is too narrow or I am merely a bad student, but summaries of features was kind of how I was thinking about the question when I originally asked it, so even though I got some further history and context for bitcoin's various features, and even though you did describe several of the changes/improvements, GazetaBitcoin, I am still not quite sure if I understand the answers to my question in a way that I could outline the answers in a summary form (to show that I actually learned the answers to my questions) about which projects bitcoin had built upon and fixed and how bitcoin fixed those earlier projects.

I never thought that the creation of Bitcoin is a story as complex as any convincing spy story during the Cold war era. In my opinion, governments will continue to impose some semblance of control over its citizens and that this control will be used depending on the goals of those in power. There is a difference in making law abiding citizens and making those who wants to oppose the government because of their perceived oppression. Sometimes, in certain parts of the world, the ones who wants to fight for freedom are the ones supporting the government and in some areas, the big businesses are also the ones supporting the angry opponents of government. Very complex world we are living in.

I am coming back on this question, and this time I'm going to explain it also using Satoshi's own words, as maybe my own explanation was not clear enough.

In an email from November 3rd, 2008, he explains the flaws of HashCash:


The following is a list of his statements for solving the double spending problem.

For example, in a post on P2P Foundation website, he wrote the following:


More details about the solution for the double spending can be found in the white paper and in the emails he sent on the cryptography mailing list. As an issue of note, it is very interesting that he referred to the author (himself) using the term "we", which suggest either that he used the royal plural or that he referred to a team working on Bitcoin. I didn't notice that before. I knew that it is debated if Satoshi was a person or a group of people, but seeing how he used the term "we" in the white paper suggests there was more than one person.

White paper quote:

Email from November 2nd, 2008:


Email from November 8th, 2008:


Email from November 10th, 2008:


Email from November 10th, 2008:


Email from November 11th, 2008:


Email from November 14th, 2008:


Email from November 14th, 2008:


Email from November 15th, 2008:

---

Please let me know if my previous explanation plus these quotes explained properly the question.