Topic: "Failure to understand Bitcoin could cost..." (non-totalitarian version) - page 2. (Read 3950 times)
February 09, 2014, 09:25:37 PM
It doesn't matter what thread this gets posted through, either way we fist have to go through the horrible ordeal of slogging through 10 pages of random crap plus links.
February 09, 2014, 02:36:49 PM
Seeing that the manipulator, AnonyMint has a somewhat tyrannical habit of starting threads that look promising at the start, but are ruthlessly censored to shut out dissenting views, I've decided to repost here.
Feel free to post (or repost) replies as you see fit.
Self moderated threads are for pansies.
Your prejudice against all things centralised or structured "top down" (aka: weasel words for social structures that you emotionally dislike), fits right in with the 'myopic' Libertarian euphoria surrounding Bitcoin... in 2011 - 2012. In defence of the Libertarians here, most seem to have quite moderate views in advocating "small" governments and seeing their ideology as a "guiding principle" rather than a hard set of rules.
Feel free to post (or repost) replies as you see fit.
Self moderated threads are for pansies.
(Doug) Casey Research's Alex Daley penned a myopic rebuttal to internet pioneer, now venture capitalist Marc Andreessen's myopic fanboy regurgitation of the often repeated incorrect theories about Bitcoin's key innovation and future. These two and most of the Bitcoin community are far from understanding what is really going on. Thus expect the majority to vote "No" here, to reaffirm their myopia, else they should refute me in debate me here (they won't be able to). 
Daley essentially incorrectly argues that money can't exist without top-down corporate and government control (although he admits it could in a "wild west" mad max world which is precisely where we are headed after 2016), yet correctly argues that Bitcoin has insurmountable (also) flaws for consumer payment without top-down take over while he failed to enumerate many of the reasons Bitcoin is vulnerable to top-down take over. Copying the myopia of most of the Bitcoin community, Andreessen fails to understand the reasons Bitcoin is doomed to a future of top-down control and thus can't compete with the top-down global money solutions being patented recently by the major banks.
Daley essentially incorrectly argues that money can't exist without top-down corporate and government control (although he admits it could in a "wild west" mad max world which is precisely where we are headed after 2016), yet correctly argues that Bitcoin has insurmountable (also) flaws for consumer payment without top-down take over while he failed to enumerate many of the reasons Bitcoin is vulnerable to top-down take over. Copying the myopia of most of the Bitcoin community, Andreessen fails to understand the reasons Bitcoin is doomed to a future of top-down control and thus can't compete with the top-down global money solutions being patented recently by the major banks.
Your prejudice against all things centralised or structured "top down" (aka: weasel words for social structures that you emotionally dislike), fits right in with the 'myopic' Libertarian euphoria surrounding Bitcoin... in 2011 - 2012. In defence of the Libertarians here, most seem to have quite moderate views in advocating "small" governments and seeing their ideology as a "guiding principle" rather than a hard set of rules.
small, reasonable perpetual debasement
agreed.Quote
built-in anonymity (to minimize non-anonymous users)
meh.Quote
zero transaction fees (with economic transaction spam resistance)
So you want to reinvent hashcash? How? Perhaps a small fee to prevent ddos? Maybe all the miners get together and vote to determine fee levels?... You haven't thought this through, have you?Quote
faster 1-confirmation block chain, e.g. 1 minute instead of Bitcoin's 10 min delay, if the orphan rate can be contained
2nd gen cryptos like Ethereum could make that issue completely irrelevant. E.g.: Ethereum would allow you to set up any centralised cash or share system inside a contract, and the "decentralised cloud server mining" nonsense is outsourced and non-intrusive. Your server just runs seamlessly until it runs out of funds.Jump to: