Topic: Chinese government IS backing Bitcoin?!?! - page 3. (Read 6869 times)
Honestly, if we're talking about making Bitcoin acceptable to governments as a reserve currency, there are many more bumps in the road than just Satoshi's holdings. Apart from what I'd expect to be a general unpalatability for governments, there are other relatively large holders, too. I currently see government's embracing decentralized cryptocurrencies only slightly before they stop taxing people, but should the unthinkable occur, I still don't see why any government would elect not to roll their own alt.
Oh! The address *is* the public key; who knew?
Per https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE, that address is attributed with holgero https://bitcointalksearch.org/user/holgero-27019.
Perfect.
Satoshi, please dump a significant portion of your original reward into it and take the latent concern out of the system.
Or, we could try to find volunteers willing to pay Satoshi and then they dump them. I'm willing to donate 0.5 BTC to the cause. How can I get the 0.5 BTC from Satoshi and guarantee I will dump it atomically?
Per https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE, that address is attributed with holgero https://bitcointalksearch.org/user/holgero-27019.
Perfect.
Satoshi, please dump a significant portion of your original reward into it and take the latent concern out of the system.
Or, we could try to find volunteers willing to pay Satoshi and then they dump them. I'm willing to donate 0.5 BTC to the cause. How can I get the 0.5 BTC from Satoshi and guarantee I will dump it atomically?
1BitcoinEaterAddressDontSendf59kuE is the public key. Apparently, you can send coins to any address as long as the checksum at the end of the address is valid for the address.
Is it provably possible to create an address with a private key that is not known?
http://blockexplorer.com/address/1BitcoinEaterAddressDontSendf59kuE
Like this one? Technically, you can't prove the private key isn't known but realistically, no-one can brute force a string that long.
What's the public key?
Is it provably possible to create an address with a private key that is not known?
http://blockexplorer.com/address/1BitcoinEaterAddressDontSendf59kuE
Like this one? Technically, you can't prove the private key isn't known but realistically, no-one can brute force a string that long.
of course it's not a new argument but then again they've never had such a new tool.
Satoshi, thank you very much; your contribution to the human race is beyond measure. Please provide a definitive act to settle the position of your original reward.
Satoshi told me via PM that his stash is set aside as a reward for whoever invents time travel so he can save his fiancee from a fatal car crash. Details to be made public when the USD exchange rate hits $1000/XBT. You didn't hear it from me.
China has been arguing for something linked to a basket of standard fiat currencies for international settlements for a while.
Doubt this new development is something other than that.
Since the Chinese are incapable of making their own currency work, and have to constantly deal in USD, if I was the chinese government I wouldn't try to destroy another currency that doesn't just pass that power from the US to another different world power (like the Euro, etc...).
If you believe China's going to adopt Bitcoin, you've yet to understand exactly what the point of politics is.
China is making its own currency. China will be in full control of issuing this currency. China doesn't care for a currency it cannot exploit.
China is making its own currency. China will be in full control of issuing this currency. China doesn't care for a currency it cannot exploit.
From the same article:
Quote
The goal, he wrote, is to “create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run.”
So far for full control of this currency as you're saying.
I don't think they're speaking of Bitcoin though, but Bitocin seems to be a good fit.
If/when a single Satoshi now moves out of one of the original addresses then the reaction will be huge.
Is it provably possible to create an address with a private key that is not known? If so then a seriously stabilizing gesture would be to transfer a significant quantity of the original Bitcoins into it; whatever is not moved can then be assumed to be in play and the valuation/confidence in Bitcoin established correspondingly. Such a gesture is much easier to recover from now rather than later.
I do not begrudge Satoshi his reward at all; he/she/they should make clear their intent soon rather than leaving the future of their reward in this unknown state. If their security is ever compromised then they could be coerced at gun point to give up control.
Imagine the capitalization of Bitcoin jumps to $10 or even $100 billion USD and then a transaction comes in touching an original address. The ensuing panic would be huge. The exchange rate could drop to half or less in a very short period.
Satoshi, thank you very much; your contribution to the human race is beyond measure. Please provide a definitive act to settle the position of your original reward.
Is it provably possible to create an address with a private key that is not known? If so then a seriously stabilizing gesture would be to transfer a significant quantity of the original Bitcoins into it; whatever is not moved can then be assumed to be in play and the valuation/confidence in Bitcoin established correspondingly. Such a gesture is much easier to recover from now rather than later.
I do not begrudge Satoshi his reward at all; he/she/they should make clear their intent soon rather than leaving the future of their reward in this unknown state. If their security is ever compromised then they could be coerced at gun point to give up control.
Imagine the capitalization of Bitcoin jumps to $10 or even $100 billion USD and then a transaction comes in touching an original address. The ensuing panic would be huge. The exchange rate could drop to half or less in a very short period.
Satoshi, thank you very much; your contribution to the human race is beyond measure. Please provide a definitive act to settle the position of your original reward.
haha shiny shiny gold. North Korea is trying to plunder massive amounts of foreign currency in their "room 39" maybe they tag-team the $ now!
CONSPIRACIES
CONSPIRACIES
China would prefer gold then Bitcoin, they always give me the impression that Chinese loves gold.
If you believe China's going to adopt Bitcoin, you've yet to understand exactly what the point of politics is.
China is making its own currency. China will be in full control of issuing this currency. China doesn't care for a currency it cannot exploit.
If it so happens that China uses the Bitcoin protocol, I will be the last man alive to use their altcoin.
China is making its own currency. China will be in full control of issuing this currency. China doesn't care for a currency it cannot exploit.
Quote
Key among its proposals: the creation of a new international reserve currency to replace the present reliance on U.S. dollars, a necessary step to prevent American bumbling from further afflicting the world, the commentary suggests.
If it so happens that China uses the Bitcoin protocol, I will be the last man alive to use their altcoin.
Could this be Bitcoin and the thinking behind China's embrace of Bitcoin?
Doubt it. Bitcoin IMO has the Potential, but it isn't nearly big enough to even be on the Table.
Not yet!
People see what they want to see... The article has absolutely nothing to do with bitcoins...
Doubt it. Bitcoin IMO has the Potential, but it isn't nearly big enough to even be on the Table.
Could you imagine that germany would become the legal pioneer of the world for bitcoin? Me not.
So everything seems possibel for me. bitcoin might be on the table.
yes many countries now going to legalize this and its very helpful for this currency but still need too much time
Doubt it. Bitcoin IMO has the Potential, but it isn't nearly big enough to even be on the Table.
Could you imagine that germany would become the legal pioneer of the world for bitcoin? Me not.
So everything seems possibel for me. bitcoin might be on the table.
2009 is also when Bitcoin launched.
Coincidence?
Coincidence?
Thats the greatest Bitcoin Conspiracy theory yet.
EDIT: and maybe Satoshi is the Central Bank of China.
holy balls batman!
2009 is also when Bitcoin launched.
Coincidence?
Coincidence?
Thats the greatest Bitcoin Conspiracy theory yet.
EDIT: and maybe Satoshi is the Central Bank of China.
Wow, if your edit is correct......
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