Topic: Is Bitcoin good enough; there aren't critically important improvements needed? - page 2. (Read 6007 times)

Exactly, it's the difference between a duel and a street brawl

It's confusing to me that everyone hates any crypto other than Bitcoin. The claim is that those are just pump & dump for profit but isn't that what many people are pushing Bitcoin for too? Early Bitcoin adopters are looking for the big payday when the value skyrockets. Somehow that's more honorable with Bitcoin?

It's nice to be perceived young (to some degree I still am), thanks!

I understand your frustration with the government, but the truth is simple - bigger stars need stronger confinement field, they often shine the brightest though.

Anonymity might be a good way out for those feeling that the confinement field is about to crunch under its own weight, though a new type of fuel (Bitcoin) might give it a chance to rebalance and reevaluate the course it is headed.

One of the challenges of implementing the improvements referenced in the OP, and also a feature to provide serious competition to Bitcoin, is to offer instant transactions that can't be double-spent. When I say instant, I mean you send the transaction to the other party and what you have sent is already an absolute assurance, no need to verify against the block chain.

Perhaps most people think this can't be done with a decentralized consensus block chain. I think otherwise. Any ideas?

Note I think this idea could be incorporated into Bitcoin, and maybe not even require a hard fork. I would need to study Bitcoin's scripting capabilities in more detail to determine for sure. But Bitcoin (and Monero, Litecoin) will retain a disadvantage in scaling that afaics will not be easy for it (them) to fix.

Several weeks ago I stated (in the Monero BCX fiasco thread) I had solved the selfish mining attack and had written down the math. Recently I decided to share that insight.

You have a category error (i.e. the analogy doesn't apply). Refer to the linked posts in the OP for the detailed explanation. It appears to be a common mistake. Some guy compared BTC to marijuana growing and another guy to piratebay. Upthread franky1 erroneously compared BTC to cash. And now you to bittorrent. When you can identify a centralized (i.e. single instance albeit multiply-referenced) ledger (albeit decentralized consensus) in any of those, let me know.

Computer science requires understanding of very obscure, pendantic details.

Why do you believe Bitcoin would "fall" to government regulation (what?), when torrent technology has already proved government regulation impotent against a decentralized target?

jonald_fyookball,

Gmaxwell still talks to me presciently.


Our two young Europeans are now up against more than one man with a respected level of intellect.

Btw, I wasn't searching for that with Google. I was reading about the possibility of using SNARKs for block chain contracts and was surprised to read that from gmaxwell.



Correct you don't, but you didn't prove that nobody needs another alt-coin. I see 25 - 30% say they are at least to some degree interested to see these improvements. And I've confirmed from my supporters, they did not vote in the poll.

correct. end of discussion.

jbreher, don't even bother trying to debate with this younger generation of Europeans. They've been fully brained washed by the indoctrination over there. Watch Europe crash and burn. My popcorn is ready (but my anonymous coin not yet).

Not all governments are the same.
What I meant in the quote above is "on daily basis".
Sure, you need to do things time to time to keep things in order.

If you look up my dust-cloud comparison a few posts above, you will understand that two forces play against each other within a star. One is a gravitational confinement field (government) that keeps the star from falling apart, another is a termo-nuclear reaction (businesses) that generates energy and useful by products. If one or the other is too strong the star will either collapse in on itself or explode into outer space.

We need both governments and businesses to turn our societies into nice and stable shining stars. Both parts of the equation need to have clear intentions, be transparent and accountable for their actions. Having an open public ledger seems to be the easiest way to achieve this.

Of course, there is always room for improvement and I believe bitcoin is going to only grow that much more in the future. It is here for the long term.

You are too stupid to understand the model Eric (and myself and anarchists have) explained is that democracy and socialism (and any form of State collectivism) are the same phenomenon.

P.S. Readers this is an example why you never argue with an idiot. They are too stupid to know when they are wrong, and is accompanied by a banal sense of high pride:

• "we Europeans are superior because we are pacifists"
• "we Europeans are more sophisticated and educated"
• "we Europeans have a social model that is more just"
• "Americans are unsophisticated, war hungry gorilla brutes, without a fully developed social, justice, and educational system"

I know damn well their attitude because I have encountered some such banal Europeans here in the Philippines. I have also met a few very intelligent Europeans via this forum, and they are very astute. One of them even informed me how to get instant residency in any country if I want to renounce my USA citizenship on the spot.


Let's not stir up more pointless conflict where we don't need to.

I am quite comfortable with the projects I have to work on and their potential outcomes. I don't need the approval of anyone. I just need to ascertain the market dynamics which is why I created a poll.

yeah....true....now don't bite my head off, but what's also interesting is Gmaxwell doesn't respond to you either anymore.  Seems few "serious" people do.  Why do you suppose that is?  

Don't tell anybody how high your IQ is, when most people just see you for the delusional idiot you are.

I never said Eric S Raymond is wrong. I said you are.


I didn't even mention democracy. I mentioned things, that were not caused by socialism. Are you really too stupid to distinguish between democracy and socialism?
In Austria we learn that pretty early in school. Seems like the US-education system failed you again.

Who is the snobby cunt? The Dunning-Kruger idiot who asserts that I have a fundamental error in my thinking.


Most very intelligent people simply don't talk to the Dunning-Kruger idiots and don't try to interface with them, because it is so tiring and frustrating.

Do you see that core developer gmaxell almost never posts in this n00bs sub-forums. He is not going to waste his time talking to people who can't comprehend and require him to explain the same damn thing 100 different ways.

So if I am gone again, you know why.

sorry but I just had to LOL at this....  I don't often get to see
this kind of overt intellectual pomposity: "I AM the smartest guy in the room."

 

Anonymint...I like reading you, you have provided me with a lot of insight and new ideas and every time you're back from a hiatus I'm happy there will be interesting stuff to read.

No need to be such a snobby cunt to people though, don't you think? This is no way to capture an audience, a feat you're obviously interested in else you wouldn't post.

Back to lurking.

I am back because I happen to read this from the guy who created libbitcoin, Electrum, etc:

http://bitcoinmagazine.com/17005/bitcoin-technology-worth-nothing-interview-dark-wallet-front-man-amir-taaki/

turvarya,

You still don't comprehend what Eric S Raymond wrote, because you are still trying to assert that certain rent-seekers (e.g. the military industrial complex) are excluded from the model of regulatory capture that Eric S Raymond laid out. He wrote that the costs of the capture accrue on society too slowly for the constituents to recognize and rise up against politically. He also failed to mention that the constituents have many competing political wants and thus are easily divided-and-conquered (gay marriage, social welfare debates, level of military spending, etc) by the politicians in cahoots with the rent-seekers. So the family of military soldiers wants more military spending, community with a military base economy wants more military spending, old person wants more pensions, the younger person more education subsidies, the pregnant person more free maternal subsidies, feminists want more subsidies for women, etc.. You all fighting over finite resources that have been collectivized (ahem stolen a.k.a. expropriated) via tax collection. The only way to make you all happy is promise you all more than exists and borrow via debt. So then you think the regulatory capture of the government by banks is not caused by democracy! Amazing myopia you have. And so what happens when the bubble pops and the promises are broken? WAR. GENOCIDE. MEGADEATH. It is coming.

Read Amir. You are just a slave to the system (a.k.a. "the man").

P.S. you don't have the IQ to find a fault in my thought process. I am thinking on an unifying abstraction level while you are fiddling with what you think are uncorrelated cases or categories. Seriously man, the audacity you have. You don't recognize your intellectual limitations.

it is clear that some improvementes are needed, but you can't change a billion dollars netword without taking the appropiate time to make sure the changes and evaluate the risks

I now get your fundamental error in thinking:
You think every government spending is welfare.

I know the concept which is described by Eric S Raymond. Believe it or not, but I actually studied some Economics(not the major part of my studies).

Looking at the USA in the early 1900s and comparing it to today and all you can see in the history in between is that the USA got to much socialistic, is really the kind of ignorance, which makes your argument so implausible. Seriously, how many wars have you fought in the mean time? How many laws have you passed that had nothing to do with socialism are even the opposite?
I don't know much about the Philippines(I was there 3 years ago for some days but it didn't seem much developed to me), maybe I will look into it, later.