Is it possible that he is Satoshi Nakamoto? - page 2.

Rob Lister

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Quote from: kokjo on August 03, 2011, 08:02:21 AM

Quote from: Rob Lister on August 03, 2011, 07:50:50 AM

Quote from: kokjo on August 03, 2011, 07:44:44 AM

Quote

They could get the EU to pass similar laws, and EU would do it; they have anti-money-laundering interests too.

true. but im still behind 5 proxys. and you can't really not stop innovation.

Quote

They can target the BTC/$ interfaces (the exchanges).

sure they can, but only the ones in the states. mtgox is in japan.

Quote

They can devote very significant CPU time to screwing with the bitcoin validation process.

no. fallacy. the governments could *maybe* perform double spending, they could not create new coins, or use mine coins, or destroy mine coins. or do anything that would screw with my coins. to perform double spending, they would also need to isolate the node the want to double spend with.

Quote

In short, while they can't really kill the underlying bitcoin algorithm, they can certainly apply enough leverage to destroy it's perceived value; destroy the 'general' confidence in the system, thus making the trade value zilch...or close enough to zilch so its not a threat.

they can not destroy my confidence in the system. i could still use it.

This isn't about you. It isn't [wouldn't be] about YOUR confidence in the system. It doesn't matter how many proxies you're behind, and I honestly don't know what that has to do with anything. They're not targeting YOU. Their goal would be to destroy 'general' confidence in the system and destroy the trade value.

i know its not about me.but if I and other people are using the currency, and giving it value. there is nothing they can do about it. i can trade anonymously on slikroad if i like, they can't trace me.

You say you know it's not about YOU but then you talk exclusively about YOU. While it has some novelty value, like Pet Rocks, its real value is in its utility, current and potential. That's what they'll target. Kill its utility and you kill its value. What good are your BTC holdings if they trade at a penny per coin?

kokjo

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Quote from: Rob Lister on August 03, 2011, 07:50:50 AM

Quote from: kokjo on August 03, 2011, 07:44:44 AM

Quote

They could get the EU to pass similar laws, and EU would do it; they have anti-money-laundering interests too.

true. but im still behind 5 proxys. and you can't really not stop innovation.

Quote

They can target the BTC/$ interfaces (the exchanges).

sure they can, but only the ones in the states. mtgox is in japan.

Quote

They can devote very significant CPU time to screwing with the bitcoin validation process.

no. fallacy. the governments could *maybe* perform double spending, they could not create new coins, or use mine coins, or destroy mine coins. or do anything that would screw with my coins. to perform double spending, they would also need to isolate the node the want to double spend with.

Quote

In short, while they can't really kill the underlying bitcoin algorithm, they can certainly apply enough leverage to destroy it's perceived value; destroy the 'general' confidence in the system, thus making the trade value zilch...or close enough to zilch so its not a threat.

they can not destroy my confidence in the system. i could still use it.

This isn't about you. It isn't [wouldn't be] about YOUR confidence in the system. It doesn't matter how many proxies you're behind, and I honestly don't know what that has to do with anything. They're not targeting YOU. Their goal would be to destroy 'general' confidence in the system and destroy the trade value.

i know its not about me.but if I and other people are using the currency, and giving it value. there is nothing they can do about it. i can trade anonymously on slikroad if i like, they can't trace me.

Rob Lister

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Activity: 54

Merit: 0

Quote from: kokjo on August 03, 2011, 07:44:44 AM

Quote

They could get the EU to pass similar laws, and EU would do it; they have anti-money-laundering interests too.

true. but im still behind 5 proxys. and you can't really not stop innovation.

Quote

They can target the BTC/$ interfaces (the exchanges).

sure they can, but only the ones in the states. mtgox is in japan.

Quote

They can devote very significant CPU time to screwing with the bitcoin validation process.

no. fallacy. the governments could *maybe* perform double spending, they could not create new coins, or use mine coins, or destroy mine coins. or do anything that would screw with my coins. to perform double spending, they would also need to isolate the node the want to double spend with.

Quote

In short, while they can't really kill the underlying bitcoin algorithm, they can certainly apply enough leverage to destroy it's perceived value; destroy the 'general' confidence in the system, thus making the trade value zilch...or close enough to zilch so its not a threat.

they can not destroy my confidence in the system. i could still use it.

This isn't about you. It isn't [wouldn't be] about YOUR confidence in the system. It doesn't matter how many proxies you're behind, and I honestly don't know what that has to do with anything. They're not targeting YOU. Their goal would be to destroy 'general' confidence in the system and destroy the trade value.

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote

They could get the EU to pass similar laws, and EU would do it; they have anti-money-laundering interests too.

true. but im still behind 5 proxys. and you can't really not stop innovation.

Quote

They can target the BTC/$ interfaces (the exchanges).

sure they can, but only the ones in the states. mtgox is in japan.

Quote

They can devote very significant CPU time to screwing with the bitcoin validation process.

no. fallacy. the governments could *maybe* perform double spending, they could not create new coins, or use mine coins, or destroy mine coins. or do anything that would screw with my coins. to perform double spending, they would also need to isolate the node the want to double spend with.

Quote

In short, while they can't really kill the underlying bitcoin algorithm, they can certainly apply enough leverage to destroy it's perceived value; destroy the 'general' confidence in the system, thus making the trade value zilch...or close enough to zilch so its not a threat.

they can not destroy my confidence in the system. i could still use it.

Rob Lister

newbie

Activity: 54

Merit: 0

Quote from: kokjo on August 03, 2011, 07:23:58 AM

Quote from: Rob Lister on August 03, 2011, 07:15:39 AM

Quote from: kokjo on August 03, 2011, 07:03:53 AM

Quote from: Rob Lister on August 03, 2011, 06:55:36 AM

The article certainly illustrates why Satoshi chooses to remain anonymous.

This quote from the article was interesting:

Quote

When authorities monitored the criminals’ communications, they discovered that E-Gold was among the carders’ preferred money-transfer methods, because the system allowed users to open accounts and transfer funds anonymously anywhere in the world.

This is why bitcoin will eventually be a target...assuming the user-volume rises above its current noise floor.

and how would they hurt us? just asking... freeze all bitcoins?

There are a myriad of ways an entity with the resources of a nation-state can hurt bitcoin, even destroy it for all practical purposes. Will they? I think they will if it gets on their radar as anything other than a momentary blip. To what extent will they go after it? To whatever extent is necessary to remove the threat they think it poses to them.

From the article:

Quote

When the Shadowcrew investigation wrapped in October 2004 with the shuttering of the site — and the arrest of more than a dozen members — the Justice Department turned its sights on E-Gold. Its goal was to force the service to comply with regulations governing money-transmitting services like Western Union and Travelex. Federal regulations required those businesses to register with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), to be licensed in states that required it, to diligently authenticate the identity of customers and to file suspicious activity reports on shady-looking customers. But E-Gold wasn’t doing this.

This represents the nut of it.

so they will just say: bitcoins are illegal.
know what i would say: FUCK YOU. i live in europe, you can't touch me, im behind 5 proxys.

the main diffrences between bitcoin and e-gold is that bitcoin is decentralized, and backed by nothing.

They could do exactly that, and other things as well. They could get the EU to pass similar laws, and EU would do it; they have anti-money-laundering interests too. They can target the BTC/$ interfaces (the exchanges). They can devote very significant CPU time to screwing with the bitcoin validation process. These are just a few of the things they could do. I'm sure their are tons more.

In short, while they can't really kill the underlying bitcoin algorithm, they can certainly apply enough leverage to destroy it's perceived value; destroy the 'general' confidence in the system, thus making the trade value zilch...or close enough to zilch so its not a threat.

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote from: Rob Lister on August 03, 2011, 07:15:39 AM

Quote from: kokjo on August 03, 2011, 07:03:53 AM

Quote from: Rob Lister on August 03, 2011, 06:55:36 AM

The article certainly illustrates why Satoshi chooses to remain anonymous.

This quote from the article was interesting:

Quote

When authorities monitored the criminals’ communications, they discovered that E-Gold was among the carders’ preferred money-transfer methods, because the system allowed users to open accounts and transfer funds anonymously anywhere in the world.

This is why bitcoin will eventually be a target...assuming the user-volume rises above its current noise floor.

and how would they hurt us? just asking... freeze all bitcoins?

There are a myriad of ways an entity with the resources of a nation-state can hurt bitcoin, even destroy it for all practical purposes. Will they? I think they will if it gets on their radar as anything other than a momentary blip. To what extent will they go after it? To whatever extent is necessary to remove the threat they think it poses to them.

From the article:

Quote

When the Shadowcrew investigation wrapped in October 2004 with the shuttering of the site — and the arrest of more than a dozen members — the Justice Department turned its sights on E-Gold. Its goal was to force the service to comply with regulations governing money-transmitting services like Western Union and Travelex. Federal regulations required those businesses to register with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), to be licensed in states that required it, to diligently authenticate the identity of customers and to file suspicious activity reports on shady-looking customers. But E-Gold wasn’t doing this.

This represents the nut of it.

so they will just say: bitcoins are illegal.
know what i would say: FUCK YOU. i live in europe, you can't touch me, im behind 5 proxys.

the main diffrences between bitcoin and e-gold is that bitcoin is decentralized, and backed by nothing.

Rob Lister

newbie

Activity: 54

Merit: 0

Quote from: kokjo on August 03, 2011, 07:03:53 AM

Quote from: Rob Lister on August 03, 2011, 06:55:36 AM

The article certainly illustrates why Satoshi chooses to remain anonymous.

This quote from the article was interesting:

Quote

When authorities monitored the criminals’ communications, they discovered that E-Gold was among the carders’ preferred money-transfer methods, because the system allowed users to open accounts and transfer funds anonymously anywhere in the world.

This is why bitcoin will eventually be a target...assuming the user-volume rises above its current noise floor.

and how would they hurt us? just asking... freeze all bitcoins?

There are a myriad of ways an entity with the resources of a nation-state can hurt bitcoin, even destroy it for all practical purposes. Will they? I think they will if it gets on their radar as anything other than a momentary blip. To what extent will they go after it? To whatever extent is necessary to remove the threat they think it poses to them.

From the article:

Quote

When the Shadowcrew investigation wrapped in October 2004 with the shuttering of the site — and the arrest of more than a dozen members — the Justice Department turned its sights on E-Gold. Its goal was to force the service to comply with regulations governing money-transmitting services like Western Union and Travelex. Federal regulations required those businesses to register with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), to be licensed in states that required it, to diligently authenticate the identity of customers and to file suspicious activity reports on shady-looking customers. But E-Gold wasn’t doing this.

This represents the nut of it.

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote from: Rob Lister on August 03, 2011, 06:55:36 AM

The article certainly illustrates why Satoshi chooses to remain anonymous.

This quote from the article was interesting:

Quote

When authorities monitored the criminals’ communications, they discovered that E-Gold was among the carders’ preferred money-transfer methods, because the system allowed users to open accounts and transfer funds anonymously anywhere in the world.

This is why bitcoin will eventually be a target...assuming the user-volume rises above its current noise floor.

and how would they hurt us? just asking... freeze all bitcoins?

Rob Lister

newbie

Activity: 54

Merit: 0

The article certainly illustrates why Satoshi chooses to remain anonymous.

This quote from the article was interesting:

Quote

When authorities monitored the criminals’ communications, they discovered that E-Gold was among the carders’ preferred money-transfer methods, because the system allowed users to open accounts and transfer funds anonymously anywhere in the world.

This is why bitcoin will eventually be a target...assuming the user-volume rises above its current noise floor.

vector76

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Quote from: kokjo on August 03, 2011, 03:51:20 AM

Quote from: ffuentes on August 03, 2011, 01:24:37 AM

All we are Satoshi Nakamoto

wrong! we all could be Satoshi Nakamoto.

...just not all at the same time. Wink

GideonGono

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★Bitvest.io★ Play Plinko or Invest!

I doubt this guy is at all involved in bitcoin. he already has the SS on his ass.

kokjo

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You are WRONG!

Quote from: RaTTuS on August 03, 2011, 03:57:56 AM

Quote from: kokjo on August 03, 2011, 03:51:20 AM

wrong! we all could be Satoshi Nakamoto.

but only if we have the private key Wink

true. the only proof that he is Satoshi Nakamoto, is if he haves the private key from block 1.

RaTTuS

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Bite me

Quote from: kokjo on August 03, 2011, 03:51:20 AM

wrong! we all could be Satoshi Nakamoto.

but only if we have the private key Wink

kokjo

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You are WRONG!

Quote from: ffuentes on August 03, 2011, 01:24:37 AM

All we are Satoshi Nakamoto

wrong! we all could be Satoshi Nakamoto.

ffuentes

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Only a curious passer-by / FirstBits: 13zsc1

All we are Satoshi Nakamoto

kangasbros

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LOL, Satoshi has been a real technical genius, while that guy is just regular opportunist who launched his own centralized currency. Doing that doesn't require much technical skills.

Smalleyster

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I yam what I yam. - Popeye

Very interesting article. Thanks for posting. The thread title is foolish though.

repentance

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Quote from: k9quaint on August 02, 2011, 10:16:20 PM

The differences I see between EGold and Bitcoin.

There is no central operator with Bitcoin. All transactions are visible, so nobody needs to get a subpoena. They only need download the transaction blocks. Also, bitcoin makes no promise to exchange into any other currency. Bitcoins are only tokens or chips and have no intrinsic value or backing by fiat, they are only as valuable as the need for a secure transaction is.

The transactions may be visible but the block chain can't tell you whether they were legitimate transactions or not and in most cases ownership of the addresses can't be tied to a specific individual.

k9quaint

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The differences I see between EGold and Bitcoin.

There is no central operator with Bitcoin. All transactions are visible, so nobody needs to get a subpoena. They only need download the transaction blocks. Also, bitcoin makes no promise to exchange into any other currency. Bitcoins are only tokens or chips and have no intrinsic value or backing by fiat, they are only as valuable as the need for a secure transaction is.

Vod

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Licking my boob since 1970

Quote from: flug on August 02, 2011, 03:02:17 PM

Interesting article indeed.

I see that e-gold peaked at $85 million, roughly where bitcoins are now. I wonder if that's some kind of cut off point where the authorities start freaking and taking whatever action they need to spoil the party.

E-Gold was a centralized currency run by scammers. Over three years I dealt with them, there were numerous reports of accounts being hacked and all the money stolen. Many suspected it was the owners.

Topic: Is it possible that he is Satoshi Nakamoto? - page 2. (Read 6260 times)