Topic: Gold collapsing. Bitcoin UP. - page 1094. (Read 2032266 times)

I think we may see a "hollowing out" of government but I think your vision is too much.  In a world of declining resources relative to population, defense may still be very important.  But internal services and the attached regulatory bodies that are currently centralized for trust reasons (taxi medallions, hotels, etc) will move to decentralized models.  And blockchain technology will remove much of the legal work relating to tracking ownership of titles, stocks, bonds, etc.  However, local government will still be required to protect long term investment against externalities (i.e. you can't build that noisy, polluting factory right next to our neighborhood without buying all the houses in it first because you will ruin the quality of life for all residents).

even the bitcoin devs have said they cant incorporate anything into the bitcoin protocol? they even admited anytime an idea is brought up that it just turns into a flaring argument so development has come to a grinding halt and now its just one dev working on bitcoin and thats it. they cant do anything with it for fear of messing it up. bitcoin will be the same in 5 years as it is now, bar perhaps getting more zeros after the decimal. i hate the pump and dump schemes too, your not alone. you will regret ignoring nxt and nem lol just do yourself a favor and reearch the technology, look into why they are superior protocols to bitcoin. look into the major advances they have made in the crypto space. even vitalik buterin stopped by the nxt forum a couple days ago and totaly changed his mind about nxt.

and is having an ethereum death blow ready for full testing not "interesting" lol how could putting ethereum out of the game not "interesting enough"?

Because there have been so many and nearly all of them are scams. I don't know about you, but I don't have time to investigate all of them, so it's safest to assume it's not interesting for investment until proven otherwise (the high scam rating is also why I'm mostly annoyed with the pump and dumps things and hence ignore most).

Further, I know for a fact that 1) Bitcoin is NOT a scam and 2) it's highly dynamic: meaning if something truly interesting is developed it is extremely likely that it will be incorporated into the Bitcoin protocol.

Its called concern trolling.  Claiming to be worried that something isn't getting its proper attention.  If you have a question for "senior members" please realize that there isn't such a collective unit.  Ask the individuals.  Some might agree with you, but these people are not all of the same mind and all against you as you are claiming. 

On the internet, you are much more likely to get a dissent than an agreement.   Folks that agree will nod and read the next post.  Those that disagree might more likely say so.

You nailed it. Statists will have to compete for our bitcoins by offering their "services" on a voluntary basis. Fewer and fewer proposals will get funded and individuals overall will prosper. I can't think of a more exciting time to be alive.

I'm sure bitcoin is in Ubers future.

What an idea that is... Anyone can become a driver and all they do is connect drivers or people needing a ride.. brilliant. I heard here in Vancouver they shut it down though, regulation bs.

Now if you add in those cars where you can park and ride and bitcoin as a payment method you take it to another level.

"country will relax" my ass. We shall starve and suffocate them.

The officials will have no budget. Their pensions are extinguished. Their salaries are inflated away. The politicians will be laughed at, when they try to offer spoils to the voters. The servicemen abroad will, when their machinery stops due to lack of maintenance, when they have no fuel for their warships for lack of pay, when they have no food left, quietly leave the warships, team up with a local woman and start small scale vegetable production, forget to write home.

timely and highly entertaining interview btwn Russ Roberts and Mike Munger about Uber, AirBnB, and Monkey App, lol!
open your minds gentlemen, change is happening everywhere!

http://www.econtalk.org/archives/2014/07/michael_munger.html

late 2014 could interesting if itBit, Coinsetter, COIN, and SecondMarket get their exchanges/ETF up and running.

now this is interesting; moving from Singapore to NY?  Lawsky regulation might be signaling favorable conditions?

http://launch.co/story/bitcoin-exchange-itbit-announces-it-is-relocating-from-singapore-to-new

the mood is souring:

http://finance.yahoo.com/news/americans-are-down-on-america-190304928.html

"The article goes on to describe how exactly the privacy of these innocents was violated. The NSA collected "medical records sent from one family member to another, résumés from job hunters and academic transcripts of schoolchildren. In one photo, a young girl in religious dress beams at a camera outside a mosque. Scores of pictures show infants and toddlers in bathtubs, on swings, sprawled on their backs and kissed by their mothers. In some photos, men show off their physiques. In others, women model lingerie, leaning suggestively into a webcam ..."

http://www.theatlantic.com/politics/archive/2014/07/a-devastating-leak-for-edward-snowdens-critics/373991/

Just noticed we had a thread on here following BTC vs gold; wanted to share our site where we also have some gold vs bitcoin proponents!

https://www.betmoose.com/searchBets?category=&tags=&status=accepting&sort=rising_desc&text=gold

Cheers

much WOW, that article paints a very bullish picture.

To this end, thinking about this on the weekend, in 2010 when ArtForz developed the OpenGL GPU mining algorithm, he obviously realised quickly he had to make it publicly available, or he would be controlling the Bitcoin network, in open sourcing his innovation after a brief profiteering, he not only secured his investment in the network but secured the network it’s self.

Now the vertically-integrated operation  GHash.IO / CEX / BitFury / setup is in the same position, as you point our the owners intentions can easily be subverted by kidnapping his family or by any other Power Structures attack method, looking at the human rights violations underway in the Ukraine, it wouldn’t be a surprise if some of that 3 billion war loan from the IMF is directed to this end.  

So decentralisation is the only defense, what that essentially means is BitFury/CEX/Ghash, have to start securing there profit by commoditising the distribution of their ASIC’s, much like ArtForz opted for decentralised control of his competitive advantage with OpenCL mining.

If they don’t they will have to eventually compete against the existing pyramid power structures – guns bombs, propaganda and all, from a position as the underdog. What that vertically-integrated operation need to realise, is there success is dependent of decentralisation, eliminating all points if failure / attack. There undoing is going to be there myopic vision not greed, and success is almost guaranteed if they can take the long view and delay greed and opt for short term sacrifice of decentralisation.    

Unlikely to happen.

Who is going to enforce law and order? No nation will willingly give up their own army and police and the power to suppress their citizen.

"In the future, in the Internet generation, every country will slowly relax sovereign control and even dilute the concept of sovereignty."

http://www.cryptocoinsnews.com/news/pboc-official-sovereignty-bitcoin-internet-age-will-change-china-around-world/2014/07/07

Having mentioned the one that you are already aware of and is public knowledge will have to be sufficient for this media.
Discussing past malicious acts is fine.
Discussing "theoretical" future crimes treads the line of conspiracy in many jurisdictions.  Folks know me and how to find me.  I'm not eager to do that in any public forum, nor ought you be.
Let it suffice that there are attack vectors using mining concentration.  I suspect you may be as aware of some of them as I, if you look at it critically.

That the current concentrators are eminently honorable and not presently subjected to coercive forces is nice, like a sunny spring day... but that is not to imagine that it won't sometimes rain.  It remains a systemic threat that smart folks are working on resolving in many ways.  I think they are not wasting their time.

A.A. also publicly dismisses and minimizes these threats.  I respect his position, but my own is very different from his.  I am less concerned with speedy adoption, and more with getting it as right as we can ahead of that and looking at it holistically.  With the prospects of "darker" more private coins, the discovery of malfeasance is increasingly difficult.

I tend to think that adoption will happen in its own time now anyway.  All the opposition are their own worst enemies.  Adoption is inevitable, excellence is what takes and deserves the effort.

time for the roll: