So as many of your know I have decided to back away for now. Bitcoin is a cool technology but it has given us the ability to by pass the government and financial institutions with out the tools to make it viable. The guys at ripple see this too and are working on building a trust network but is far from complete or stream lined and has other issues of centralization that make it some what more susceptible to intervention. (they may be able to work that out)
For me to use Bitcoin I need to know who I am trading with so that I can move funds between reversible and irreversible systems.
What I need is a decentralized system of reputation management. I want to be able to
1. ID... I want to link my real world identity to my wallet
2. Import trust... I want to link to other areas of my life to provide evidence of my character. I need to be able to import trust.
3. Rate.. I need to be able to rate right to someones wallet ID.. That way I can choose not to transact with people that have no ratings or have been flagged with a neg rating. I bought coins about 2 weeks ago that i later found out were stolen. i dont like that
4. See the people that the people I trust trust and their reputaion.
5. Have a client that isn't susceptible to hacks that is always synced. I want my mom to be able use bitcoin too. Dont let people sign up if you cant make them safe.
6. have a system for implementing changes
Do these things and I will come....back.
Not asking for much I know . to be honest I dont know if technology is capable of creating a system like this. My dad is a computer engineer who has owned his own software company for 20+ years and he says if a man made it a man can break it.
This is off a different thread ---
"I am not saying it can never work just that it doesnt work now. The guys at ripple are working on some innovations that may make it viable.
I think this is the root of the problem. In early human civilization trade was simple because you knew the history and reputation of the people that you traded with, but as civilizations grew the desire to trade outside of your trust network grew. So the need for middlemen and financial institutions came about. The problem is those institutions have siphoned off the productive efforts of their citizens or customers and have grown so powerful because of their privilege and have created a world dominated and control at gun point giving us ever growing police states and to big to fail banks. They no longer work for us but we work for them.
So the challenge as I see it is to recreate early civilization. We have a technology that can enable the entire world to know each others reputation. We can know the character of every man women and child on the planet. I will gladly trade without institutions or the protection of the state if i can know who I am dealing with. So far the reputation centers around bitcoin all start from scratch, We need a reputaion center that allows you to import trust from other areas of life, I think the guys at ripple are working on that, but as it stands now it is unusable IMO."
1.) There are a number of ways of linking your ID to an address. But, while remaining decentralized, how do you propose stopping people from linking fabricated identities to an address?
2, 3, 4.) While remaining decentralized, how do you propose stopping people from creating multiple accounts and giving themselves fabricated feedback? Or, how would you stop me from givin you infinitely negative feedback without just cause?
5.) We already do have clients that are virtually hack proof assuming you use them correctly. I think you mean 'computers' that are hack proof. The problem you seem to have is that you keep blaming "tech" stuff you admittedly don't understand. The result is that you're identifying problems that are inaccurately defined, or that may not even be a problem at all. Besides, what part of 'beta' project don't you understand? Bitcoin isn't even an alpha release yet! This should be a resoundingly clear indicator of its current (key word) risk.
6.) We have a system for implementing changes. It's called open-source code and miner voting power.
I dont have the answers but when they are built I will be back.
I want a car with unbreakable components - I should never have to worry about a flat tire, changing oil or batteries, and it certainly shouldn't ever be possible for me to get into an accident. When they build cars like this, ill be back.
I'm not sure you got the point of my reply. If I came in to your auto shop and I mentioned to you what I stated above, you'd think I'm nuts. It's the nature of components to wear and break down over time, and a car wouldn't really be a car if it were impossible to crash it. Likewise, some of your demands are infeasible if not impossible altogether, and furthermore, most of your complaints already have implimented solutions, but you didnt care to familiarize yourself with them. But, you don't know this is the case because, as you admitted, you don't get "tech" stuff. However, then you go about blaming BTC for its shortcomings when really you should be focusing on your own ignorance.
If you don't recognize how your ignorance is influencing your opinion, then you'll likely never use BTC again. If I don't do the same, ill never drive a car again.
On a side note, i'd encourage you to think about some of your ideas about how you would like Bitcoin to look, and then try to think about why some of them are just bad ideas altogether that, if implemented, I'd bet you'd hate.