Topic: Why bitcoin or any other mined coins won't work... (Read 1809 times)

Money is an illusion...it's the value that everybody perceives it has that gives them "power" over others.  Power is the root of all evil.

you're right, preachers can be fascist dictators....  happens anywhere especially religious systems when someone has bit too much power

reminds me of a joke i once heard

Preacher: "my flock, money is the root of all evil"
people: "aye men, we hear you"
Preacher: "while i speak, the collection plate will be passed between you, concentrate on my voice and dont let the evil money distract you when you donate, rid yourself of all distractions and all evils"

(i removed the funny parts and just got to the point of the joke, although the point is still funny)

and god of HTTP invented the DDoS ... 
and satoshi invented the solo-mining ... 

you can't stop bitcoin ... even if you kill the middle of the entery world : https://getaddr.bitnodes.io/
bitcoin is not political corruption ... it's people, and at the end, people is honest.

I don't think money has anything to do with it.... that line just implies that Love is the root of all evil.... 

From ATLAS SHRUGGED, by Ayn Rand, page 387

There is another way: cooperation.

I hate money because I am a wage-slave; and know many other people who are the same.

Edit: On-topic: cooperation is the solution to pool concentration as well. If your pool of choice approaches 25% hash-power, find another one. Encourage others to do the same.

Pools can help this process by charging higher fees as they start to exceed 25% hash-power.

there is always going to be a p2p pool for any coin

true, money can make a blind and do anything to get what he wants, especially if they have positions they will easily buy and master all the existing pool, and that of course it would undermine the work that has been done by the previous

I think a whole lotta planning and one well placed snow storm might've had something to do with it

Maybe the governments are stupid enough to accept a monetary bribe in exchange for the right to print money, but mining pool operators and miners in general are not anywhere near that stupid.

I still wonder how the FEDs even pulled that off:

"Yo mister president, i'll give you 100 million dollars if you give me the exclusive right to print dollars"

"Make it 150 million and we have a deal"

"Deal"

*Prints trillions of dollars, making the 150 million dollars a drop in the bucket*

profit.....

What the actual fuck happened?

I think Bitcoin will be the only mined coin that survives due to the huge first mover advantage.

I wouldn't waste my time with any of the other POW coins. The future will be Bitcoin and second gen currencies such as NXT, Etherium, etc.

Anonimity all over again?

this is why at the vatican, they have more "assets" such as gold statues and silks, art etc.. rather then money.

BITCOIN IS AN ASSET NOT MONEY

which means bitcoin will work

FTFY Gold > Promissory notes > Fiat > Derivatives > Cryptocurrency > Guinness :]

I'll see your bible quote and raise you this:

“The strategic adversary is fascism... the fascism in us all, in our heads and in our everyday behavior, the fascism that causes us to love power, to desire the very thing that dominates and exploits us.”
-Michel Foucault

Wise, poetic, and prescient. Thank you for sharing these words.

Or is it the love of bitcoin that’s the root of all evil? To love a thing is to know and love its nature. To love Bitcoin is to know and love the fact that Bitcoin is the creation of the best power within you, and your passkey to trade your effort for the effort of the best among men. It’s the person who would sell his soul for a millibit, who is loudest in proclaiming his hatred of Bitcoin and he has good reason to hate it. The lovers of Bitcoin are willing to work for it. They know they are able to deserve it.

Let me give you a tip on a clue to men’s characters: the man who damns Bitcoin has obtained it dishonorably; the man who respects it has earned it.

Run for your life from any man who tells you that Bitcoin is evil. That sentence is the leper’s bell of an approaching looter. So long as men live together on earth and need means to deal with one another–their only substitute, if they abandon Bitcoin, is the muzzle of a gun.

But Bitcoin demands of you the highest virtues, if you wish to make it or to keep it. Men who have no courage, pride or self-esteem, men who have no moral sense of their right to their Bitcoin and are not willing to defend it as they defend their life, men who apologize for being rich–will not remain rich for long. They are the natural bait for the swarms of looters that stay under rocks for centuries, but come crawling out at the first smell of a man who begs to be forgiven for the guilt of owning wealth. They will hasten to relieve him of the guilt–and of his life, as he deserves.

Then you will see the rise of the men of the double standard–the men who live by force, yet count on those who live by trade to create the value of their looted Bitcoin–the men who are the hitchhikers of virtue. In a moral society, these are the criminals, and the statutes are written to protect you against them. But when a society establishes criminals-by-right and looters-by-law–men who use force to seize the wealth of disarmed victims–then Bitcoin becomes its creators’ avenger. Such looters believe it safe to rob defenseless men, once they’ve passed a law to disarm them. But their loot becomes the magnet for other looters, who get it from them as they got it. Then the race goes, not to the ablest at production, but to those most ruthless at brutality. When force is the standard, the murderer wins over the hacker. And then that society vanishes, in a spread of ruins and slaughter.

Do you wish to know whether that day is coming? Watch Bitcoin. Bitcoin is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that Bitcoin is flowing to those who deal, not in goods, but in favors–when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed. Bitcoin is so noble a medium that it does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot.

Whenever destroyers appear among men, they start by destroying Bitcoin, for Bitcoin is men’s protection and the base of a moral existence. Destroyers deny Bitcoin and only allow a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Bitcoin has an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.'

When you have made evil the means of survival, do not expect men to remain good. Do not expect them to stay moral and lose their lives for the purpose of becoming the fodder of the immoral. Do not expect them to produce, when production is punished and looting rewarded. Do not ask, ‘Who is destroying the world?' You are.

You stand in the midst of the greatest achievements of the greatest productive civilization and you wonder why it’s crumbling around you, while you’re damning its life-blood–Bitcoin. You look upon Bitcoin as the savages did with gold before you, and you wonder why the jungle is creeping back to the edge of your cities. Throughout men’s history, money was always seized by looters of one brand or another, whose names changed, but whose method remained the same: to seize wealth by force and to keep the producers bound, demeaned, defamed, deprived of honor. That phrase about the love of money being evil, which you repeat with such righteous recklessness, comes from a time when wealth was produced by the labor of slaves–slaves who repeated the motions once discovered by somebody’s mind and left unimproved for centuries. So long as production was ruled by force, and wealth was obtained by conquest, there was little to conquer, Yet through all the centuries of stagnation and starvation, men exalted the looters, as aristocrats of the sword, as aristocrats of birth, as aristocrats of the bureau, and despised the producers, as slaves, as traders, as shopkeepers–as industrialists.

To the glory of mankind, there was, for a brief time in history, a country of money–and I have no higher, more reverent tribute to pay to early America, for this means: a country of reason, justice, freedom, production, achievement. For the first time, man’s mind and money were set free, and there were no fortunes-by-conquest, but only fortunes-by-work, and instead of swordsmen and slaves, there appeared the real maker of wealth, the greatest worker, the highest type of human being–the self-made man–the American industrialist.

If you ask me to name the proudest distinction of Americans, I would choose–because it contains all the others–the fact that they were the people who created the phrase ‘to make money.’ No other language or nation had ever used these words before; men had always thought of wealth as a static quantity–to be seized, begged, inherited, shared, looted or obtained as a favor. Americans were the first to understand that wealth has to be created. The words ‘to make money’ hold the essence of human morality.

Yet these were the words for which Americans were denounced by the rotted cultures of the looters’ continents. Now the looters’ credo has brought you to regard your proudest achievements as a hallmark of shame, your prosperity as guilt, your greatest men, the industrialists, as blackguards, and your magnificent factories as the product and property of muscular labor, the labor of whip-driven slaves, like the pyramids of Egypt. The rotter who simpers that he sees no difference between the power of the bitcoin and the power of the whip, ought to learn the difference on his own hide– as, I think, he will.

Until and unless you discover that Bitcoin is the root of all good, you ask for your own destruction. When Bitcoin ceases to be the tool by which men deal with one another, then men become the tools of men.

Blood, whips and guns....or bitcoins. Take your choice–there is no other–and your time is running out.

Bitcoin is a technology demonstarator. In 10 years you will find it totally different in ways which we can't imagine now.

Already something like DPoS looks promising, I am sure it will keep evolving and there will be much better options in future.

So is this a way of using subtlety to suggest that instead of Proof of Work, Proof of Stake would be better because it cuts out the miners?  Because it's normally the people with the greatest love for money that the Proof of Stake concept appeals to most, heh.

There are several who would consider bitcoins over currency

It doesn't say money is bad dude, just the love of money is .