People seem hostile to this initiative but in reality i'm just trying to provide a voice of reason i really believe our investments here rely on this :
key updates in bold
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- - Bitcoin is stagnating
- - This is a failure of the free market.
- - Bitcoin needs to replace its broken central authority (mining monopoly standoff) with an authorized authority
- - This could be Democratic similar to the UN.
- - Also Bitcoin needs a Global ID so that the Central Authority can enforce and ensure that no double spends occur.
People already seem malleable to the idea as they are actively giving hand ID and other such ID at "Bitcoin ATMs" i think there would be net net low resistance.
maybe a few "free market rebels" here and there, but if we can control and distract the flow of information we could crowd these guys out and hope that though, Problem > Reaction > Solution we can get the desired effect?
feedback is welcome.
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Bitcoin needs to step up, becoming a structural system that has the confidence of the business community.
in the end. as i said it's your investment, chaotic market forces will not be kind to Bitcoin price valuation.
the Points:
- half a central authority is not going to work. (where you are now)
- move to a full central system that has the support of key business financial community members.
- make the "Global ID" sound friendly and geared towards to consumer, like "safety verification" etc.
- this policy/protocol also ensures good community practice with the ability to block questionable transactions, i.e Terrorists pedophile transactions etc.
Why dont u just sell out or your Bitcoin and move to Stellar ? Stellar is offering exactly what u think needs to be done to Bitcoin. That centralization, that ID proof. According to U, that would make Bitcoin more valuable... right ? So, as per your theory, Stellar should cross the Bitcoin price in coming days. I'll give u 15000 Stellar against 5000 Bitcoin. 1/3rd of a price as per your theory. Exchange ?