Bitcoin is fully anonymous
Bitcoin is very far from fully anonymous. It is pseudo anonymous
Topic: Did Zuckerberg deserve this from Lawmakers and Financial Services Committee ? - page 2. (Read 275 times)
October 29, 2019, 11:23:47 PM
It is pseudo anonymous
October 29, 2019, 11:10:18 PM
So I was wandering around on youtube and I came across this video( https://www.youtube.com/watch?v=Lw7M7QamQgI ). I realized that the ideas behind the creation of Libra Coin by Zuckerberg are very similar to that of Bitcoin, which I felt that he is just being smart to launch a crypto coin like Bitcoin. But do you guys think He needs the approval from these people before launching the Libra Coin? Personally, I don't think these people understood what he is trying to develop. This video really explains why Satoshi decided to remain anonymous. Satoshi knew that these people will never understand his ideas and contradict the development of Bitcoin.
It was expected to be honest. When you have a reputation like Facebook's as a social media network that is expected to keep everyone safe, and then you use that trust from your customers to profit off them, and then try start a secure crypto-currency, what do you expect?Obviously a company as popular as Facebook is going to go under a lot of heat from congress, even when they where only a social media network, Mark was invited to meet the government and basically got roasted by then for an hour, you can find this on YouTube.
Deserved? Probably, for all the bad things he's done in the past.
October 29, 2019, 10:43:02 PM
So I was wandering around on youtube and I came across this video( https://www.youtube.com/watch?v=Lw7M7QamQgI ). I realized that the ideas behind the creation of Libra Coin by Zuckerberg are very similar to that of Bitcoin, which I felt that he is just being smart to launch a crypto coin like Bitcoin. But do you guys think He needs the approval from these people before launching the Libra Coin? Personally, I don't think these people understood what he is trying to develop. This video really explains why Satoshi decided to remain anonymous. Satoshi knew that these people will never understand his ideas and contradict the development of Bitcoin.
Blockchain technology development cannot be central, from what I know that the launch of Libra always has problems. From the press confrees Mark did last week, he was pressured by the launch of Libra and regulations from the US where there were so many flaws. From this I got the thought that satoshi remained anonymous because he did not want this technology to be in government regulation.Saotshi's idea was quite simple, he wanted to create peer-to-peer transactions, where direct transactions between the two parties without intermediary institutions such as banks. Blockchain technologists also reach all transactions.
October 29, 2019, 10:13:39 PM
I oppose though. Libra is more centralized than being decentralized. It does not cohere with Satoshi's main idea, which is a fully decentralized system without passing even a single intermediary body that may control your transaction. Facebook on the other hand, might have decentralized network of nodes, but all the transactions would still pass through Facebook's data centers. And having Facebook known for privacy controversies, it's not a good start for a crypto since Satoshi's idea is being anonymous as much as possible, opposite to what Libra may offer.
I understand that LIbra is highly centralized but when you watch the video in my post, Zuckerberg described Libra Coin having the exact nature of bitcoin. I think you should rewatch the video again. That will help you understand my post a bit better.
October 29, 2019, 10:08:04 PM
So I was wandering around on youtube and I came across this video( https://www.youtube.com/watch?v=Lw7M7QamQgI ). I realized that the ideas behind the creation of Libra Coin by Zuckerberg are very similar to that of Bitcoin, which I felt that he is just being smart to launch a crypto coin like Bitcoin. But do you guys think He needs the approval from these people before launching the Libra Coin? Personally, I don't think these people understood what he is trying to develop. This video really explains why Satoshi decided to remain anonymous. Satoshi knew that these people will never understand his ideas and contradict the development of Bitcoin.
The main problem here is that the Libra Project is owned and controlled by certain people. Bitcoin is not. Had Bitcoin been owned and controlled by a Satoshi Nakamoto that has a physical body, know and seen by people, with an identity that is transparent to the authorities, he would have also been invited countless of times to futile hearings and investigations. But he is not and since Bitcoin is open-source, it cannot be killed even if they find Satoshi.
Please do not say that Libra is similar to Bitcoin because it clearly is not in more ways than one.
October 29, 2019, 09:51:31 PM
Personally, I don't think these people understood what he is trying to develop.
But do we in the cryptocurrency community really and fully understood what Mark Z. and his minions are trying to create in Libra? At least we pretend we do. We understand that Libra is not a decentralized beast and can be made for the main purpose of expanding the Empire of Facebook. Now, had Facebook got a very goods record in handling data and privacy, maybe regulators can be more lenient to Libra. That is why the best thing to do for Mark is to announce once and for all that he and Facebook is going to leave the operation and development of Libra to other people so as to end this charade and political attack against him and Libra. Right now, there is still no clear path for Libra to gain regulatory approval especially in USA. Now, they can start first with countries they can easily influence and from them show to the whole world that Libra is just a cute and cuddly puppy and should not be taken as a threatening bulldog.
October 29, 2019, 09:26:26 PM
So I was wandering around on youtube and I came across this video( https://www.youtube.com/watch?v=Lw7M7QamQgI ). I realized that the ideas behind the creation of Libra Coin by Zuckerberg are very similar to that of Bitcoin, which I felt that he is just being smart to launch a crypto coin like Bitcoin. But do you guys think He needs the approval from these people before launching the Libra Coin? Personally, I don't think these people understood what he is trying to develop. This video really explains why Satoshi decided to remain anonymous. Satoshi knew that these people will never understand his ideas and contradict the development of Bitcoin.
That is the difference between Bitcoin and Libra coin that Zuckerberg that wants to launch. Bitcoin is fully anonymous and it doesn't need any special approval from governments for it to launch while Libra is plain business in creating their own coin so they need the approval of the governments like the US in order to launch their coin successfully.
Because their coin is more legal and their partners are big companies so they need legal papers in order to stop the incoming problems upon their launch. If they can settle all their obligations and the US senators will favor the launch of Libra then it will be a big game changer in crypto currency society.
October 29, 2019, 09:22:26 PM
I oppose though. Libra is more centralized than being decentralized. It does not cohere with Satoshi's main idea, which is a fully decentralized system without passing even a single intermediary body that may control your transaction. Facebook on the other hand, might have decentralized network of nodes, but all the transactions would still pass through Facebook's data centers. And having Facebook known for privacy controversies, it's not a good start for a crypto since Satoshi's idea is being anonymous as much as possible, opposite to what Libra may offer.
October 29, 2019, 08:34:59 PM
So I was wandering around on youtube and I came across this video( https://www.youtube.com/watch?v=Lw7M7QamQgI ). I realized that the ideas behind the creation of Libra Coin by Zuckerberg are very similar to that of Bitcoin, which I felt that he is just being smart to launch a crypto coin like Bitcoin. But do you guys think He needs the approval from these people before launching the Libra Coin? Personally, I don't think these people understood what he is trying to develop. This video really explains why Satoshi decided to remain anonymous. Satoshi knew that these people will never understand his ideas and contradict the development of Bitcoin.
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