Topic: DATA - Authority or Association? - page 2. (Read 5548 times)

If there's one thing that the past has taught us, it's that when business leaders seize authority, they always do the right thing for everyone.

Try to relax Joe.  Everything is going to be alright.  I certainly wasn't trying to directly offend you, but if you felt like I was talking to you, then I was.  

I did not know that there were people who still believed in this government fairy tale of the past. You must have not been around long enough to understand what is going on.

You have not yet realised that it is not a dream that is happening here, but the new reality, even if it seems to be a nightmare for you. Better get used to it!

Joe

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Thank you very much for your list of people in suits who run very profitable businesses which are relying on being accepted by the authorities of the most criminal government we have seen on this planet in decades to continue creating profits. Or any government at all, they would not care who they need a permit from and bend over anyways.


Thank you for making so clear how much you have misunderstood the concept of crypto currency. For your information: Bitcoin is not 'led' by anyone, it is an open source protocol deployed peer to peer.



For your understanding:

Bitcoin is not compliant to the current corrupt financial system as a matter of fact. In order to make it compliant we would in the end have to introduce reversable transactions and whitelisting, otherwise none of the governmental organisations ruling us will accept it.

You, your leaders, your list of suits and these authority-my-ass organisations may wish to introduce that and maybe you will succeed. You may even still call the perverted cool new law-abiding payment system 'Bitcoin' but it will by definition of the protocol be a bastard and the next successful chain will be much more resiliant to this kind of co-option.

You and the other 'lets-ask-the-government-what-it-wants-us-to-do'-folks are like Gutenberg turning around to the pope and saying 'look, I invented this printing-press-thing which will take your monopoly over the contents of books away from you. Now let's sit down and talk about what contents you would like people to print and what not!'.

But then, your need to offend people in this discussion by calling them dreamers and zealots and what not gives me the impression that you are not so far away from dissolving your obvious cognitive dissonances on this topic .

Joe

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Please think about this for a minute!

No credit card company is 'eating up the cost of insecurity' ever. They merely redistribute the losses of their insecure system to the people who receive payments who then pass it on to the consumers.

I actually find it kind of funny that you picture credit card companies as someone who is kinda like 'eating up' costs to society, hence doing us some sort of good, while all they're eating is your and my money because they can do so because our leaders granted them monopoly to do so.

Ever heard about the Stockholm syndrome ?

Joe

+1

Some people are so far into a "REVOLUTIONIZE EVERYTHING INSTANTLY!!!" mode that they don't really see how incredible it is that the community is taking real steps like DATA together.

I guess you just ignored all those Bitcoiners on that list that completely disagree with you.  Including Charlie Shrem, Tony Gallippi, well....here's the list below.  Thank God Bitcoin isn't being led by such small minded ignorance as yours.  If you want to be global, you have to play by global rules.  If you don't like that, start your own fork and ignore all the regulations you want.  That's your right.

And yes, Ripple is awesome.  Bitcoin is awesome.  Everything about crypto currencies is awesome...well...except the handful of zealots that drive me crazy but hey...I'm getting better.   

Let this not be a blind endorsement of what is to come from DATA.  As I've said, I don't currently have enough information to determine if this will produce positive or negative results.  I'm all for compliance and improving current and future regulatory requirements but I'm not interested in a new layer of regulation to add to the already near impossible task of US regulatory compliance.  Time will tell.

Here's that list:

Charlie Shrem, CEO, BitInstant and Vice Chairman, Bitcoin Foundation

Tony Gallippi, CEO, BitPay

Nejc Kodrič, CEO, Bitstamp

Jaron Lukasiewicz, CEO, Coinsetter

Megan Burton, CEO, CoinX

Edan Yago, CEO, Epiphyte

Yoni Assia, CEO, eToro

Stan Stalnaker, CEO, Hub Culture Group (Ven)

Jeremy Liew, Partner, Lightspeed Venture Partners

Patrick Murck

Chris Larsen, CEO, OpenCoin, Inc. (Ripple)

Jesse Powell, CEO, Payward, Inc. (Kraken)

Stephen Sunderlin, President, QikCoin, Inc.

Jered Kenna, CEO, Tradehill, Inc.

Sean Safahi, CEO, YoyoCard

Alan Safahi, CEO, ZipZap, Inc.

This makes an apt comparison. Remember 15 years ago when credit card identity theft bankrupted people?  I mean, it used to be the card holders fault that the credit card network was so insecure.  Now, most credit card companies eat the cost of this insecurity.

About the PCI Security Standards Council

The PCI Security Standards Council is an open global forum, launched in 2006, that is responsible for the
-development,
-management,
-education, and
-awareness
of the PCI Security Standards, including the

-Data Security Standard (PCI DSS),
-Payment Application Data Security Standard (PA-DSS), and
-PIN Transaction Security (PTS) requirements.

The Council's five founding global payment brands --
*American Express,
*Discover Financial Services,
*JCB International,
*MasterCard Worldwide, and
*Visa Inc.
-- have agreed to incorporate the PCI DSS as the technical requirements of each of their data security compliance programs.

Each founding member also recognizes the
-QSAs,
-PA-QSAs and
-ASVs

certified by the PCI Security Standards Council.

All five payment brands, along with Strategic Members, share equally in the Council's governance, have equal input into the PCI Security Standards Council and share responsibility for carrying out the work of the organization. Other industry stakeholders are encouraged to join the Council as Strategic or Affiliate members and Participating Organizations to review proposed additions or modifications to the standards.

On this website you'll find useful information about the
-PCI Security Standards Council,
-the PCI DSS requirements for merchants,
-vendors and security consulting companies, and
-the Council's certification and merchant support services,
all created to mitigate data breaches and prevent payment cardholder data fraud.

**Note that enforcement of compliance with the PCI DSS and determination of any non-compliance penalties are carried out by the individual payment brands and not by the Council.

https://www.pcisecuritystandards.org/organization_info/index.php

An interesting discussion could be had about the structure and organization of this group.

An even larger discussion could be had about it's efficacy.

Again this was an industry reaction to systemic problem within an industry.

I only hope any bitcoin effort can me more meaningful and effective then just a bunch of additional hoops for adherents to jump through as PCI has proven to become.

I don't understand. ?

This dream is true for Bitcoin.

It is not true for the centralized closed-source currency-scheme called "Ripple" that you are supporting. Ripple has to face the harsh reality of US regulatory overkill, so it's quite understandable that they do ass-licking and propagate "self-regulation". That's why they joined the D.A.T.A. as the jester-in-chief.


ya.ya.yo!

The only thing they can try to regulate and regiment is human behavior, which has been wildly successful given the control over culture that they have enjoyed for decades. Now, not so much.

I'm announcing a new organizational effort to combat this latest tyrannical regime threatening the bitcoin revolution.

Transactions Against Despotic Authority

To participate, simply send bitcoins to one of my wallet addresses. The overwhelming number of transactions will indicate such widespread dissent that DATA will have no choice but to concede defeat.

It will be like magic.

TADA!

 . I didn't know there were people who still believed in this fantasy.  You must have been gone awhile.  It is a good dream but like most dreams, does not line up with reality.

If you can find Satoshi and get a comment I'd love to hear it.

I'm sure the respect is appreciated even though you find the effort absurd.

Carry on!

Now ask Satoshi Nakamoto how much he cares.


Unfortunately for these groups you cannot solve the problems we created by having everything regulated by our elites by trying to regulate the unregulatable solution.

Bitcoin and the fact that it is unregulated _is_ the solution to our regulated problems. To want to have Bitcoin regulated as a society is like asking the doctor what one can do to keep that tumor in one's brain as an individual. Or how one could alter the chemo therapy so it doesn't work.

With all due respect, I find this approach absurd.

Joe

yayayo,

Ask Doug Jackson an early innovator in gold-backed digital currency how ignoring existing regulation worked out for him.
http://www.securityfocus.com/news/11528
E-Gold pleads guilty to money laundering

Ask Aurther Budovsky of Liberty Reserve how ignoring government laws and regulations worked out for him
http://www.theguardian.com/world/2013/may/28/liberty-reserve-arthur-budovsky-arrested-spain
Liberty Reserve founder arrested in Spain
Arthur Budovsky, who set up digital currency business, is held as part of money-laundering investigation involving US

You clearly have an opinion of US law and regulation and that's fine.  So maybe it's time you renounce your citizenship and stop availing yourself of all the government subsidies you are unknowingly taking advantage of as a US citizen.

Then you can go to the country of your choice and choose whether or not to obey those laws.

Makes sense to me.

You can sit back and post complaints on an internet message board.

Fortunately there are groups of individual who are making an attempt to solve these problems.

This has nothing to with whether people are open to "true" innovation.  Innovation is great but some of us would like to do business without having our bank accounts seized and end up doing federal prison time, all for the sake of "true" innovation.

I've recently stated that I think it's too early and there is not enough information yet available to make a determination as to whether this organization will be part of the solution or part of the problem.  That said, ignoring US regulatory requirements is a nonstarter for anyone serious about the future of Bitcoin and crypto as a whole.

Innovation does not happen by being compliant to corrupt and inefficient governmental structures.
Bitcoin is a worldwide currency and not an US company. Regulatory problems will be solved by mere competition between countries: Smart ones will be more liberal and in turn will attract more Bitcoin investments.

It is dumb to do ass-licking in support of unhealthy governmental structures. Better do nothing and watch the system break (which will happen in a few years given the present state of the world and esp. US economy). Only then people will be open to true innovation.


ya.ya.yo!

 

Bitcoin ADvocay ASSociation ?

Agency would have been good, too.

The Bitcoin Ubiquity!