You have shown that you have clearly no idea about what you are talking.
Are gold atoms tracked on a global scale and easily checkable for their legitimate source? No? Then your argument is bullshit.
And there is also no reason why governments couldn't use a white list approach to separate legal and illegal coins. You can't proof that your coin is legal? Bad luck.
Bitcoin Foundation approach anyone? Ever heard of unregistered/blood diamonds, NS-stolen-art etc.?
We already see the tiniest steps and approaches in that regard. If you deposit a large enough amount of bitcoins on Bitstamp, they will ask you where you got them from and if you say mining they will ask you for your specific equipment and a bill for that equipment.
Topic: Most gold coins will be clawed back due to widespread theft (Parody Version) - page 2. (Read 7846 times)
March 19, 2014, 03:15:42 PM
March 19, 2014, 02:25:14 PM
The analogy to Bitcoin's serious taint problem fails because most gold owners are anonymous.
It also fails because the percentage of gold that is tracked on a globally coordinated ledger is 0%.
Yes indeed the overzealous continue to be shamed.
Why you guys protest against truth so much. Why not accept reality and leave your delusions behind.
It also fails because the percentage of gold that is tracked on a globally coordinated ledger is 0%.
Yes indeed the overzealous continue to be shamed.
Why you guys protest against truth so much. Why not accept reality and leave your delusions behind.
March 19, 2014, 11:53:48 AM
*facepalm*
Let me guess, you believe in John Edwards and Psychic Cleo too?
Let me guess, you believe in John Edwards and Psychic Cleo too?
March 19, 2014, 11:30:54 AM
Ahah! Looks like my invention of anonyatom couldn't have come soon enough! Here's more proof of the conspiracy to destroy the fungibility of gold bullion, straight from the Royal Canadian Mint. They've implemented traceable bullion DNA into all new coins:
http://www.mint.ca/store/mint/about-the-mint/bullion-dna-8900026#.UylFN1zphg0
They'll sell this to you fools as an anti-counterfeiting mechanism so you sheep feel warm and fuzzy knowing that your coins are not filled with tungsten. But if you didn't have the IQ of my pet hamster, you'd realize that this is all part of a plot to destroy fungibility so that the coming one-world government can roll out its arbitrary confiscation plan.
The bullion DNA is a unique micro code that links each coin to the exact batch of gold that it came from. As I pointed out in my original post, the mint also tracks what scrap gold was used in which batch. If at any point in time it is determined that some of this scrap gold was stolen or even traded for marijuana, then since your coins will contain illegal gold atoms, they will be CONFISCATED!
Your only hope to escape this totalitarian future is with my invention of anonyatom--the truly anonymous atom.
My apologies for the insults, but it's all part of a role-playing exercise! Once again, this post is a parody!!
http://www.mint.ca/store/mint/about-the-mint/bullion-dna-8900026#.UylFN1zphg0
They'll sell this to you fools as an anti-counterfeiting mechanism so you sheep feel warm and fuzzy knowing that your coins are not filled with tungsten. But if you didn't have the IQ of my pet hamster, you'd realize that this is all part of a plot to destroy fungibility so that the coming one-world government can roll out its arbitrary confiscation plan.
The bullion DNA is a unique micro code that links each coin to the exact batch of gold that it came from. As I pointed out in my original post, the mint also tracks what scrap gold was used in which batch. If at any point in time it is determined that some of this scrap gold was stolen or even traded for marijuana, then since your coins will contain illegal gold atoms, they will be CONFISCATED!
Your only hope to escape this totalitarian future is with my invention of anonyatom--the truly anonymous atom.
My apologies for the insults, but it's all part of a role-playing exercise! Once again, this post is a parody!!
March 19, 2014, 11:30:25 AM
Well bitcoin has also rather limited anonymity. I haven't heard about taint of gold before, that is kinda interesting.
Read carefully top to BOTTOM March 19, 2014, 02:16:26 AM
Well bitcoin has also rather limited anonymity. I haven't heard about taint of gold before, that is kinda interesting.
March 19, 2014, 02:09:23 AM
Please supply (ir-)relevant citations, verbiage, ad hominem and condescension.
March 19, 2014, 01:16:24 AM
Is freshly-mined 'gold' more valuable then, than stuff that's passed through scammy hands?
You must be careful when mining! If there's any fees in your freshly-mined reward, then the gold in the fee could have been from a scammer and your newly mined gold may still get confiscated.
That's why I've been working so hard on anonyatom--it's a truly anonymous atom.
You are truly a high IQ alpha male.
When will you release your new coin?
March 19, 2014, 12:58:57 AM
Is freshly-mined 'gold' more valuable then, than stuff that's passed through scammy hands?
You must be careful when mining! If there's any fees in your freshly-mined reward, then the gold in the fee could have been from a scammer and your newly mined gold will still be subject to confiscation.
That's why I've been working so hard on anonyatom--it's a truly anonymous atom.
NOTE: parody
March 19, 2014, 12:46:59 AM
Is freshly-mined 'gold' more valuable then, than stuff that's passed through scammy hands?
March 19, 2014, 12:15:14 AM
I wonder if anonymint is allowed to post here
March 19, 2014, 12:04:20 AM
People investing in gold coins and bars as a decentralized alternative to fiat currency should realize that these items are not anonymous. All gold coins and bars are tainted with gold atoms from bullion and jewellery that was destroyed in a smelter when forging the new pieces, and some fraction of this melted gold was involved in crimes over history. This taint may be well documented and form a chain linking back to REAL IDENTITIES!
Reputable 1-oz bars such as those from Credit Suisse have a unique serial number that can be traced back to the mint where they were produced. Moreover, the mint keeps a record of what batch of melted gold was used to make each output (coin/bar). In this record, the mint also logs the sources of the inputs (scrap gold) that were melted down to create the outputs. Some of these gold inputs came from pawn shops and cash-4-gold shops, and these shops may also keep a record of who sold what gold, especially for large sales. In fact, some of these records link to people's REAL IDENTITIES!
It is very possible that a thief could have sold stolen jewellery to a cash-4-gold shop, and the cash-4-gold shop could have sold this to the mint, and the mint could have mixed this gold with other gold and made new coins and bars. We can't tell exactly where the stolen gold went because it got mixed with non-stolen gold, but we can say with certainty that serial numbers xxxxx - yyyyy contain 0.2% taint from my mom's stolen jewellery and we have a paper trail to prove it. These pieces of gold bullion are subject to seizure by the authorities.
Since crime never stops, the amount of "bad" taint in the gold network continually increases. Since gold has been used as money for thousands of years, it is likely that nearly every atom of gold in your possession has been used in a crime at some point in the past and therefore subject to arbitrary seizure by the authorities.
Gold is traceable, subject to seizure, not legal tender and will never work as money. You've been warned.
I am working on a new kind of atom, called anonyatom, that will fix this problem.
gold coin = bitcoin
mint/smelter = coinjoin tx, regular tx, coinbase tx, etc
serial number = transaction hash
records = blockchain
cash-4-gold = local bitcoins, bitcoin ATM, etc
this entire post = parody
Reputable 1-oz bars such as those from Credit Suisse have a unique serial number that can be traced back to the mint where they were produced. Moreover, the mint keeps a record of what batch of melted gold was used to make each output (coin/bar). In this record, the mint also logs the sources of the inputs (scrap gold) that were melted down to create the outputs. Some of these gold inputs came from pawn shops and cash-4-gold shops, and these shops may also keep a record of who sold what gold, especially for large sales. In fact, some of these records link to people's REAL IDENTITIES!
It is very possible that a thief could have sold stolen jewellery to a cash-4-gold shop, and the cash-4-gold shop could have sold this to the mint, and the mint could have mixed this gold with other gold and made new coins and bars. We can't tell exactly where the stolen gold went because it got mixed with non-stolen gold, but we can say with certainty that serial numbers xxxxx - yyyyy contain 0.2% taint from my mom's stolen jewellery and we have a paper trail to prove it. These pieces of gold bullion are subject to seizure by the authorities.
Since crime never stops, the amount of "bad" taint in the gold network continually increases. Since gold has been used as money for thousands of years, it is likely that nearly every atom of gold in your possession has been used in a crime at some point in the past and therefore subject to arbitrary seizure by the authorities.
Gold is traceable, subject to seizure, not legal tender and will never work as money. You've been warned.
I am working on a new kind of atom, called anonyatom, that will fix this problem.
gold coin = bitcoin
mint/smelter = coinjoin tx, regular tx, coinbase tx, etc
serial number = transaction hash
records = blockchain
cash-4-gold = local bitcoins, bitcoin ATM, etc
this entire post = parody
Jump to: