Topic: Gold collapsing. Bitcoin UP. - page 802. (Read 2032266 times)

so i know many prominent Bitcoin celebrates have dubious reputations, but i haven't followed Luke jr.

not to raise any accusations in what issues has he been involved that caused you to lose trust?

I'm only aware of some name calling between CGMiner and BFGMiner, to be honest I never got to the bottom of it all, and went with CGMiner dare i say it because i didn't trust Luke's slanted eyed avatar.

Dump for what?
Is there something less corrupt, even with this?

On the conflict of interest position...
Is it a conflict of interest if a company sponsors a developer to work on Bitcoin Core?
Is it a conflict of interest if TBF sponsors a developer?
I would say that it is, but the conflict is not necessarily a horrible thing in all cases, just sometimes.

What it does do is encourage me to question the authority of the developer more than otherwise. 
I've been doing a good bit of that over the MAX_BLOCKSIZE issue vs. Gavin's proposal to patch it rather than fix it.

I dont actually see it as entirely unethical. If they were the ones that actually made the decision which code was run, then yes I would see it as a problem, but the fact is that the miners make the final call which they want to run and there will be plenty of time to vet the code before that happens. If they were to release something questionable, it simply wouldnt be accepted by the community and the old code would run until a better one would be found.

Your money might be better spent on the current project ( http://therealbitcoin.org/ ) to write a better bitcoin: http://log.bitcoin-assets.com/?date=28-10-2014#899422

I'm still waiting

https://www.reddit.com/r/IAmA/comments/2k3u97/we_are_bitcoin_sidechain_paper_authors_adam_back/clhni79.

evidence please?

so you want to ignore the thrust of my post, the ethics of the situation?

Cypher, let it go man. You are entitled to your opinion but the fact is that pretty much noone agrees with you on this one. The horse is dead already. No need to keep hitting it.

Satoshi should dump once Bitcoin turns corrupt.

we really haven't focused on the ethics of what gmax and the other core devs are doing.

i know the argument goes like this; they're the brightest minds in Bitcoin who have done so much for us we should be thankful, they have "positions" in BTC so they would NEVER do anything to harm Bitcoin, they deserve it, we should WANT them to be paid, SC's are neutral and are just trying to help Bitcoin, all you skeptics "just don't get it", etc.

well, the fact of the matter is we do get it.  we've flushed out alot right here in this thread.  and all of this technical babble has ignored the fact that what they are doing is unethical.  abusing one's privileged position as a core dev and pushing for a very specific and unique change in the source code, while simultaneously creating a for-profit company that seeks to profit off said change is unethical.  i asked gmax in the AMA whether he thought he should step down as core dev due to what is to any objective person a conflict of interest.  he said he thought that was "unreasonable" followed closely by LukeJr who said the same. LukeJr then launched off on a rant about how we should "want them to get paid".  nice spin Luke.  i don't have a problem with you starting a private company but not while taking advantage of your position. at least in the real world of banksters, there are plenty of examples where ppl step down b/c of conflicts of interest for reasons even more remotely unrelated than this.  these guys don't get it.  Satoshi spent at least 2 yrs of his life developing Bitcoin without being paid, so there. AND he hasn't cashed in any of his BTC that we know of to profit from Bitcoin.  now that's public service for you.  one might argue that should be the standard for Bitcoin.  maybe we need/deserve core devs who don't have gmax or Luke's attitudes?  Bitcoin has the potential to become a global currency so an argument can be made that it should be maintained for the public good. i for one think there are plenty of devs who would love to step up and replace those guys.

alarm bells should be going off in all Bitcoin holders heads right now.  this isn't right even if the SC concept were valid, which i don't think it is.

I would agree, and laughed it off, but in my understanding that reality can now be distorted to that narrative with SC.

Did the SVP (right-wing populist party) endorse the gold initiative yet? Can't imagine another party, and the conservative establishment would certainly oppose it for fear of hurting the export industry (NZZ which I sometimes read does)

yes, for example if they put a f..cking bitcoin address instead of this:



behind their donation link.

EDIT "the recipient is unable to receive money"... LOL! I guess the recipient has no problem, paypal is unable

you have to admit the "blockchain not bitcoin" soundbite has been a very effective message for the braindeads who are never going to expend the energy into figuring out why any form of money has value ... they just needed an easy, even if incorrect, idea to hang it on.

You see it a lot in science and math at the early levels, give them an easy narrative to get past the hard, nuanced concepts and move on to stuff they actually might learn and make use of. Like Father Christmas, tooth fairy, quantum mechanics, etc

i said half joking, but i was wrong, it turns out you cant make this $#!+ up. - you could add bitcoin alongside paper dollars.

funny you should say that, it turns out a private for profit company Blockstream is wanting to change that at the protocol level, IE aloe you and anyone relay to leverage the Bitcoin Blockchain ledger and create other assets off it, in effect separating the value in the blockchain from value in the currency - with out any risk to your bitcoin, in effect, create some other form of value that could substitute for money BTC that isn't on the blockchain.

well there is a risk, and the risk is we may not need bitcoin the currency and just need to MergeMine bitcoin the blockchain to give value to the SideChain asset.  

the Blockstream  pitch:

The blockchain makes bitcoin, the currency, a valuable item. Without bitcoin, the currency, the blockchain would not exist.

Without the currency there would be no valuable blockchain. Without the blockchain, a fully digital, decentralized currency, couldn't exist.

I like the fact that the blockchain is being promoted because you know the 2nd round of promotion will lead to the "currency" or SoV of bitcoin. It must. The hyped up blockchain is worthless without it.

Give the media time

Ok, I'm really getting sick of this fundamental misunderstanding making the rounds these days that "its the Blockchain stupid" that makes Bitcoin valuable and not the currency. I put the blame for this misperception squarely at the feet of Andreas as he's the one who's been most public and vocal spreading this view. After all, he is one of the geeks.

See 4:30 with Arthur Levitt :

http://mobile.bloomberg.com/video/arthur-levitt-on-sec-s-edgar-filing-system-and-bitcoin-YVtI25q8Tn~vJ2NWIawrpw.html

Let me flip this argument around and say "no stupid, it's the currency that makes Bitcoin,  not the Blockchain". After all, because it's a fixed supply and can't be inflated,  THAT is what is resonating with freedom minded people worldwide who are tired of having their money devalued. And because these people have thrown their hard earned fiat money at Bitcoin, precisely  for this reason,  this is what has caused the price  to rise and therefore has facilitated the mining industry to thrive and therefore the Blockchain has been allowed to become the immutable ledger it has become. The Blockchain would be nothing without the currency. Stupid.

Now those who know me best realize I'm saying this partly in jest because what I really believe is that the 2 are inextricably linked as Bitcoin is its own self contained financial  system.

Which is why I disagree with the core assumption of the SC concept too, btw, which assumes they can be separated.

"ECB SOURCE FED HAS NOTICED EUR SLIDE AND ECB MUST NOT PUSH TOO FAR: MNI"

http://www.zerohedge.com/news/2014-10-31/fed-launches-first-currency-war-salvo-tells-ecb-not-push-too-far#comments

smfh

Hello, world. We've got a currency over here who's supply is controlled by math. Anyone feel like joining and leaving these psychopaths??

Physically leaving is the best part :p

The thing about Bitcoin is that geography becomes less relevant.

You don't have to physically leave in order to economically leave.