Not only are miners dumping, some of the dev premine is probably being dumped.
I don't think so. Vitalik indicated that they may have sold 0.5M ETH to the chinese as a private sale. Read his blog (read it all...). How are they going to fund 340,000 CHF per month in expenses? Without dumping ETH in a massive way? It's coming...the dump |
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How the HELL did Ethereum run out of money?  $10 million wasn't enough? $15 million? VB is blaming it on Bitcoin price when ETH was one of the biggest entities suppressing that price!! WHERE DID THE MONEY ACTUALLY GO? Looks like the Goldman Sachs executives that pulled this one off did pretty good for close to zero work. Quality of code aside, the finances of this project are a joke and an embarrassment. And VB's excuses are pathetic. Didn't they get like 30,000 BTC when bitcoin price was at $500-$600? How can they blame the price if they cashed it out and used it to pay for the things/services/people/development they needed? Sounds like another black hole of finances. Now they are spending 340,000 CHF per month!!!! That means they will be dumping ETH like crazy. I say sell now and buy back in 9-12 months (maybe). Get out while you still have an opportunity to. |
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Fat Tay Choon went to the Mining Academy in Brazil, east of Satoshi's yurt, where Gavin was kidnapped by the CIA's goons and forced to pretend fucking an anonymous decentralized biscuit—better than all the fish in the Pacific Ocean—but also to defray leeches intelligently with ECDSA fighting qubits for 16.8 dree12, or Phinnaeus must fling toilets towards psy‐ops, without potato smoothies mixed with fried chicken wings from BitMunchies.com, urbanchickennj.com, and Popeye's Bitcoin wallet, which deleted Satoshi's premine ability to cheer very victoriously, none like Butterfly Labs better enabled, but also Pirate crashing AIR applications without the express use of interest-free scams, conspiring with fraudulent sockpuppets and PPTs and..., you troll-herding piece of Shiitake mushroom, go lick Goat's horns until Theymos admits to having a quite erotic fetish involving honey badgers wearing thongs composed of soggy burlap waffles dangling from cosmic linoleum-based iphones running quantum chips explodes spewing deadly acid! b!z screamed out "Light is bright like...like... stars." When Markjamrobin opens the isolated window, he sees three pigs together in bed. Kouye and myself laugh when chinese food falls the impact kills Obama Bin ladin whoever thinks he may be terrorist, is correct but hates the bitcoin logo. Earth has snakes. Currently, the other species have decimated to tiny groups called "marko solo" whatever time it all comes and ends? However, Bitcoin's acidity level dipped causing catastrophic double-spends!
Meanwhile, AntiOps was confused by the awkward change to his penis melting uncontrollably. Vanilla Ice perfume spritzed onto cheese and greasy slime covered with babies boiled in a smelly old heatsink. But it tasted like shit therefore it poisoned his blood although he did survive. Reproductive organisms attacked the internal testicle which caused terrible congestion somehow. Evolution then terminated the smelly old business thank the inability of AntiOps to lock Satoshi's thread. In a transactional forum there was a debate about hacking unprotected accounts, however the debate shortly ended.
Phinnaeus Gage, king pluto, duke of the people. Returned one of his loans that he fraudulently claimed without declaring intentionally. Although this was bullshit. Earth was hit by a meteor which cause catastrophic events which cause people to cause mass destruction by proxy voting it was documented recently on the news that oranges are disguised anti-gravity pockets which have giant bears attacked Zeus because bitcoin accidentally crashed to Mars which created spaceships and aliens who pretended being humans wearing hats on their toes.
Altcoin suck on apples and oranges too. Megacoin is the most shit sucker of apples and melons ever. Most people love to troll others. Evolution is a slow process which created forks. It is beneficial to wash your feet because it distributes bacteria and oil, notwithstanding the beneficial attributes which are how chocolate arouses some of the miners brains. Today was an abysmal event which caused many abnormal but not smart bitcoiners because many of them are cute animals who were insane because of excessive oreo consumption. One watermelon is not love how people try me explotation Maybe Heisenberg Breaking bad control guy director or masturbation my time vampire drinks urine not lemon tek and water supernatural.
LEALANA is fat looking because pizza is sour with pickles which are sexy and never rot. So many people eat pizza it's unbelievable. The news said that pizza is bought mainly with anchovies which results in big wet weather which had massive gusts of wind with pouring milk down on everyones throat because it feels great! Although honey is very sweet taste it makes when it is served hot it melts softly but slowly.
The universe is populated with many planets which were destroyed by pirateat40. Cyborgs then warped to the zoo and ate mushroom with a aerospace technician. Bitcoin has used a lot resources from peoples although people smell like melons.
Ipods suck. Androids rule. Altcoins also suck peanuts. Bitcoin is the greatest idea that has ever been created by man although litecoin sucks? Once upon a time Gandalf went to wal-mart to dry her hair. Minecraft is the best game in universe because chickens cluck. 231134421 is one crazy big ass monkey. What is with people posting replies still. Terraria is a crazy game which requires extreme concentration. This can result in health cubes; Parentheses are a pain in the brain. This noodle is disgusting. Although spaceships cry waterfalls they are magical little elves. Golden towns is very annoying and smell like bacon. Celebrities are awesome and smart. But, evolution taught us that butterflys are ugly.
Vitamin D is important to scam Taras and raise taxes which would cause the world to go crazy but not insane. Obama is the president now. Alot of gamers will illustrate sony that nintendo is leading the infiltration of Iran. Microsoft Windows was salivating pedophiles of the coastal farts. Yet the banana shrank. What was doge poo doing under the bridge with bridge cleaner? He was just he's aren't because something something different like seems incorrect, because we fucked. Yet prunes prunes are very bad lad's yet unknown to fuckers SWEARING. Banana monkey is not virgin-horse. Corn.
This disappoints satan more than satoshi because he ate hydrochloric pools and he fucked whores who are sick shemales shemales shemales BANGCOCK! God smited non-believers with dicks on a stick. They shat together sitting upside-down flicking birdies. Baezl'bub slept with Hitler inside a bomb ticking furiously and hodling. That was awesome. Bitmit made belt so that walruses can shit on his dick and eat mushroom full of wonderful shit, he HODL'd BTCs and Dogecoin with a succubus sperm from first blowjob stories.
Nefarious words spoken shit at bitcointalk and destroyed uranus with a big-ass Spaceship mouth that eats goats flying shuttle that revolves expressly and quietly to hell. Gamma flux destroyed Litecoin with a barracks producing Atreides shit and Kadafi. Same Binladen puppet goxed clients sucking lollipops shaped like mixed frapuccino lids. Goku start this fight prematurely in Odessa Klondike's yard. Winter is not shitty. Gooches. Seven. Humanity sold pubes to Zeus. Nevertheless, Cinnamon was crying. Millennium breakdown caused diversification methheads cardinally. Hyper-inflation, epidemics with marshmallows made by government chodes and yeah. The End. No. Yes. Lies. Stop. Can. Do aliens have any bitcoins? No. Instead, PPC acts quickly like FTL shit, riffraff toys.
Miracles happen like cannibals spitting sinew and elephants which innocent love and shit has never fucked up! Dank has killed bysexuals... wait, when did Karpeles said/say McDonald's sucks? Colonel Tom sex-machine The 3.14159265358th must fook anything that goes into a section. Beaware of spellcheckers. Fantômas portuguese are sobriquet of Fernão who called them Coads-nigs! They say we are azoth, biblical tittynopes who can't mine the janiceps'. He biblically took Rosenzweig and ended this game. And then wanked, wanked clitoris next door. This was done. Moreover, crack was rapidly dephosphorylated due to complications anhidrotically, metaphorically whores go mooooooooo and ahhhhhhhhhhhhh while jon snow watch has ended this thread for good.
Not... Actually, maybe futuristically, Vod (MIA) sailing CASASCIUS up Padma Lakshmi's waxed butt and... Nevermind, but acknowledging that Gavin held security. This marks, categorically, that will create scientific controvertist of global heliolatry problems indistinguishably noticeable filipino heritage, unbeknownst to Slenderman XT phenomena. GLEB sucked smoothie's brains using juicy zombies, dicks, Popsicles, and alien vaginas to rotten flesh of Vod. Meanwhile, giant marsupials are having suicidal sex appeal for four tentacles, watching child whoopee. Therefore, vegetables are unpretentiously super[...]docious. Fruits are rotten potatoes, avouchment vouched x10 malware because aliens kidnapped JarJar, mercilessly LeFodorliar and Gleb Gamow lived days along seashore, Theymos abused his Authoritah by forcing a purple pill To Fly! Serendipitously, awsome! Then I started UFOing on their ass, savagely. But, it is impeccable to realize I farted psychedelic asparagus smoothies. However, Mexico is shit and... Rephrase that, corporations syria declared terrorists irreproachable because malevolence misappropriates monetary suffrage suggesting termination.
Meanwhile, yogurt spill has begun to fall onto houses and cars, hawkishly attempting to grab two crayons, inserting phallic Popsicles® into Theymos' abysm until... POOP! The excruciating pain took aeons to appreciate plethoric folliculitis silvestris poop generator. Why nidificate the indigenous spirit called "erection"? Prepossessingly, pneumonoultramicroscopicsilicovolcanoconiosis a discomfortable endoplasmic tumescent pineapple tree branch rectally QuickSeller escrow. Involution, presumptuously titin pop up inconsiderately - Tuesday - when pokemon (Pokémon)'s Pikachu flashbacked borders dementia caused horrendous pain inside Agumon's PocketPussy™.
Daft Punk punked Dank with pussy heavy hookah shot whilst levitating abroad oceans blue that fadedly waved the unseen quote yet cited. Unjust superexcrescences excuses me because of Neotox produced such force by Poseidon's Trident of Taured. Now, albeit-albeit DARKCOIN-SCAMCOIN but tried to interlock coins out of your anal cavity filled lordly exponentially with bold pumpkins wiggling back to school days yesterday morning. Onomatopoeias ate language. Rigveda inside coupons collectively jumped over the "Core Mission". Pussies annihilate doge.
Pythons and anacondas don't squirt unless you got into buns coin phlegm on their tongues. Why did GLEB touch my vault extravagantly? I galumphed after midnight parade on my horse galloping in reverse to realize "holey-moley". Forgotten
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1.55
This is the winning bid ^ Please send me your shipping information as outlined in the main post in a private message. I will response with a total that includes shipping costs. This auction is now closed. |
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I will be lecturing about investing to the junior college students in a few weeks. The course is all about investing (and maybe some entrepreneurship). Other guest lecturers are from banks.
I had thought to start the slideshow from a mock-up of a generic bank presentation, with title "diversification" and then 2 classes: stocks and bonds. Then the next slides would zoom this out so that eventually the listeners would realize that what was presented to them as the extent of diversification by the banks, would fit in a tiny corner of mainly-correlated instruments with mainly the same risk profile and total loss profile.
Sounds interesting. Please see if your presentation can be recorded and uploaded to the internet. |
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1.51
Current high bid^ Auction ends in 9.5 hours |
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It seems that bitcoin will be regulated similar to cash at first. Then at a later stage, when the blockchain trace technology get more mature, there will be a public police database that is open to every one, certain coins might have a flag in this database, thus will not be accepted by any formal merchant application that is aware of this database. So every thief can not spend his coins and they all reduce the coin supply thus contribute to the rising value of bitcoin  But since there is almost no way to prove that you lost your bitcoin, it is very difficult to flag certain coins at all. Take for example the Bitpay loss of 5000 coins, they have no way to prove that those 5000 coins are not under their control, thus it is almost impossible for insurance company and police to register those coins as tainted, otherwise everyone would just claim the coins in top 100 address are stolen and get all those coins flaged  From this point of view, legally it is almost impossible to blacklist certain coins But since when do governments obey their own laws? |
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...please put "DASH was instamined and this many coins were mined in the first X hours" on the front page of your website, forum, and threads. Why should he do so? We have 4 or 5 forum trolls who repeat this all the time and nicely bump this thread. We would lose them... Let your own leader speak for the answer to "Why should he do so?" I take 100% responsibility for the instamine as a bug and as a feature of Dash. |
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reposting this here as it is relevant: So eduffield says the instamine wasn't a scam, i guess that's all the proof I need! What do you expect, that's he'll admit it? Was the instamine a scam? "Definitely not" Ok now it insta crashes when I type "setgenerate true".
Time to go to bed and try again next week? Yeah, let's do that. I obviously need to do some more testing. Thanks everyone! Best thing to do I guess. Please, confirm you won't be launching after some minutes/hours even if you fix it, and the sooner would be tomorrow, thanks. I'll also follow up with this post when I do set a time. Seeing a pattern? Deceptive launch time, lack of windows wallets, the supposed "bug" that instamined over 23% of the total coins in circulation in 8 hours - anyone with brain sees exactly what happened here. If you don't like hearing criticism about your oops!stamined scamcoin, that's fine, go click on another thread. I'm going to venture a guess. You bought the original hype about Darkcoin when it was $12-15 (when we had no technology and just ideas!), then it fell to $5 and you were looking for something to blame and learned about the instamine? You've been waiting for months for it to collapse and it's not (real next-gen technology, really amazing 50+ member team, 10000+ hours of work has been put into this project in the last 1.5 years). What are you going to do when you finally realize it's not a scam, then it takes off and no one cares about the instamine because the technology is whats important? The whole instamine is over blown because every coin that's even moderately successful has founders with >5%. Dash is on the low end, our founders have way less coins than the Bitcoin devs, Ripple, etc. Bitcoin for example was unknown with a handful of miners for nearly 1-2 years, they mined 6 million coins during that time. Satoshi alone was thought to have 10%. Our entire team combined has less than 10% of the supply (current supply, not total). So what? What about corporations? They all start out with "Instamines". Does that make every corporation in history a scam? Okay so you put "NO PREMINE" on your thread title... yet fail to mention the INSTAMINE on the front page of your thread and your website and forum.If it isn't a problem and "corporations" instamine things why not openly advertise it as true and not disguise it as a version of crypto that is legitimate? MORESO.... I take 100% responsibility for the instamine as a bug and as a feature of Dash. As it turns out, all cryptocurrencies have founders with more than 5%. It's not "everybody does it", but "it's required for the success of a cryptocurrency".
If you are going to take 100% responsibility of the instamine bug when your coin launched then please put "DASH was instamined and this many coins were mined in the first X hours" on the front page of your website, forum, and threads. You should have no problem advertising it since you are taking responsibility for it. |
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I take 100% responsibility for the instamine as a bug and as a feature of Dash. As it turns out, all cryptocurrencies have founders with more than 5%. It's not "everybody does it", but "it's required for the success of a cryptocurrency".
100% responsibility would be to donate your stash of the coins to a charity because if you have ill-gotten coins because of a "bug" that you know you should do the right thing and give it up given that it isn't about the money right? So ""it's required for the success of a cryptocurrency".? What having an instamine? or having founders with a pretty big % of the total amount of coins? |
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Either way, it's a losing proposition for an investor who values quality leadership.
Yes, it's terrible to invest in a project where the leader makes decisions that benefit the investors. I'm pretty sure not ALL investors have been "benefitting" from Dash/Dark/XCOIN/etc since its inception until now. |
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So eduffield says the instamine wasn't a scam, i guess that's all the proof I need! What do you expect, that's he'll admit it? Was the instamine a scam? "Definitely not" Ok now it insta crashes when I type "setgenerate true".
Time to go to bed and try again next week? Yeah, let's do that. I obviously need to do some more testing. Thanks everyone! Best thing to do I guess. Please, confirm you won't be launching after some minutes/hours even if you fix it, and the sooner would be tomorrow, thanks. I'll also follow up with this post when I do set a time. Seeing a pattern? Deceptive launch time, lack of windows wallets, the supposed "bug" that instamined over 23% of the total coins in circulation in 8 hours - anyone with brain sees exactly what happened here. If you don't like hearing criticism about your oops!stamined scamcoin, that's fine, go click on another thread. I'm going to venture a guess. You bought the original hype about Darkcoin when it was $12-15 (when we had no technology and just ideas!), then it fell to $5 and you were looking for something to blame and learned about the instamine? You've been waiting for months for it to collapse and it's not (real next-gen technology, really amazing 50+ member team, 10000+ hours of work has been put into this project in the last 1.5 years). What are you going to do when you finally realize it's not a scam, then it takes off and no one cares about the instamine because the technology is whats important? The whole instamine is over blown because every coin that's even moderately successful has founders with >5%. Dash is on the low end, our founders have way less coins than the Bitcoin devs, Ripple, etc. Bitcoin for example was unknown with a handful of miners for nearly 1-2 years, they mined 6 million coins during that time. Satoshi alone was thought to have 10%. Our entire team combined has less than 10% of the supply (current supply, not total). So what? What about corporations? They all start out with "Instamines". Does that make every corporation in history a scam? Okay so you put "NO PREMINE" on your thread title... yet fail to mention the INSTAMINE on the front page of your thread and your website and forum.If it isn't a problem and "corporations" instamine things why not openly advertise it as true and not disguise it as a version of crypto that is legitimate? MORESO.... I take 100% responsibility for the instamine as a bug and as a feature of Dash. As it turns out, all cryptocurrencies have founders with more than 5%. It's not "everybody does it", but "it's required for the success of a cryptocurrency".
If you are going to take 100% responsibility of the instamine bug when your coin launched then please put "DASH was instamined and this many coins were mined in the first X hours" on the front page of your website, forum, and threads. You should have no problem advertising it since you are taking responsibility for it. |
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Monero is clearly wonderful and has HUGE potential to become one of the main cryptocurrencies in use- this we all know. I think the greatest hurdle Monero will face is to definitively punch through the ceiling that it has been under for the past year and consistently remain above 1 dollar. To reach that goal and increasingly loftier heights, more and more of the general (less tech savy) public will need to buy into Monero as they largely did with Bitcoin. My question for all of you is what are some of the things that we could recommend to the developers to make Monero more user friendly to the masses?
Price of Monero in fiat ultimately is irrelevant. If fiat is a broken system then it is how much STUFF you can purchase with monero that matters. The developers appear to be good stewards of the source/git/project and I like their approach to things. |
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Zerocoin / Zerocash / whatever it will be called has already had many of its flaws pointed out here.
The two most prominent ones are lack of a viewkey for regulatory compliance and the fact that all it will take is a single hack/severe bug (like Bitcoin faced in its early days), and the entire blockchain will be lost.
Monero really is as good as it gets for privacy. *If* (and that's a mighty big if) a mathematical way were found to have instant or near-instant confirmations + infinite scalability then that would be a major upgrade to Monero but so far I haven't seen anything that looks like it might legitimately accomplish this. Even if it was, the projects I am seeing attempt it make no real effort at privacy.
Monero gets stronger every day it exists... Hang in there - staying power is a real thing and we are growing.
Bugs can also happen in Monero, so they are not limited to zerocash nor bitcoin, and view key is of secondary interest at the moment. Simply because you cant use monero to pay for anything, because no one is accepting it directly. So I doubt any company/service cares about view keys and regulatory compliance, if they even dont use monero. Apparently vanilacoin has instant transactions. I dont know how it works, but it instant transaction seem possible. So maybe also possible to make it in monero. Well currently bitcoin and monero have stood the test of at least 1.5 years (for monero) which says something even after being "attacked" by BCX. Zerocoin/cash has not seen the light of day. A view key is important as how will it achieve any legitimacy if purely it has to way of being transparent without giving away too many details for audit/tax purposes. Just because a view key isn't used widely in that application doesn't mean it can't in the future. It is better to be prepared and not need it than to be unprepared and need it down the road and it be too late. |
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Just as there are oddballs out there willing to do stress tests for no particular reason, there'll be armies of people looking to taint as many coins as possible with little drops of evil. I really can't see how they'll be able to prevent endless dilution.
I think this was discussed. It goes one level deep. You can select the specific outputs you want to spend (assuming you have not sent your coins + tainted coins to another address). |
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Bitcoin must stay strongly (although not perfectly) fungible, otherwise people will lose confidence in a major way.
That's the bottom line. I think we all agree on that. I'm all for adding features to Bitcoin that will help that.
Perhaps if the LN is incorporated as a second layer, it will be able to add those features.
Does LN add untraceability and unlinkability? Where is it at in development? I keep hearing about it but only seen theoretical scenarios drawn up on how it would work. If not, then I'm confused why you mentioned it. |
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I don't know, I personally find it rather disconcerting if users in the chain can be identified. For example, it wouldn't be enough for me to simply get bitcoins at an exchange, send them to a random address, and then use them from that point on. Your identity would still be linked. However, given the public nature of the transactions, I'm not sure if there is any way around this.
I'm sure somebody somewhere would/will be happy to sell you bitcoins anonymously; just put cash and a bitcoin receiving address in an envelope and mail it. The exchange (who you'd have to trust to actually send you the coins) takes the cash and send coins to the address. They have no idea who you are, and your identity isn't linked to the coins. Well, it isn't linked to the coins until you forget to turn on TOR or I2P before spending coins on something illegal. Or you remain completely and utterly anonymous right up until you spend coins on something physical and have it shipped to your home address. Or you arrange to have contraband "dead dropped" somewhere, and you get arrested when you go to pick it up. None of which have anything to do with Bitcoins, and all of which seem to me to be more likely ways of getting into trouble than somebody managing to figure out that "transaction for purchase of illegal stuff" is linked to "Gavin purchased a bunch of Bitcoins from Bobby's Discount Bitcoin Emporium" last year. The lack of anonymity is the worst thing in the Bitcoin protocol. In my opinion the anonymity should be fixed urgently if you want Bitcoin to be adopted my mainstream people! Most people who heard about bitcoin doesn't know their transactions could be traced. When they realize that they say bye bye Bitcoin. I was very enthusiastic about Bitcoin, I bought some domains and was going to build some websites but when I realize the lack of anonymity I stopped all my plans. Yes I know, there are work arounds but why should I use a system that involve work arounds in order to not be traced ?! If I use banks at least I know only a few people/institutions can see my transactions, using Bitcoin anybody can see my transactions, that's horror !!! Why don't adopt zerocoin solution ? , it add complexity to protocol but mainstream people don't care about technical things, they just want an easy to use, cheap system... At this point I don't think adding anonymity (moreso UNLINKABILITY & UNTRACEABILITY) to the bitcoin protocol will be able to gain enough traction for "consensus" to take place. The addition of UNLINKABILITY and UNTRACEABILITY would violate the social contract of bitcoin and merchants that are already using bitcoin in one way would be forced to change the way bitcoin is used and "regulated". I think you are right, but it could happen in a sidechain (which could bring potential privacy weaknesses themselves) Will the superiority of existing solutions (Monero and Boolberry for example) outweigh the network effect of bitcoin should something similar to Confidential Transactions eventually be implemented in a side chain? Any forecasts about how long it will take to implement these type of sidechain solutions? I'm sure they could be done in a year but I do see (like you said) it adding potential privacy weaknesses. There has to be an interface to side chains. Problem with side chains is who is going to secure the network? Are we to assume that merge mining will take place with a side chain? Side chains will be less secure naturally unless they are merge mined by 100% of the current miners mining on the bitcoin network. |
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I don't know, I personally find it rather disconcerting if users in the chain can be identified. For example, it wouldn't be enough for me to simply get bitcoins at an exchange, send them to a random address, and then use them from that point on. Your identity would still be linked. However, given the public nature of the transactions, I'm not sure if there is any way around this.
I'm sure somebody somewhere would/will be happy to sell you bitcoins anonymously; just put cash and a bitcoin receiving address in an envelope and mail it. The exchange (who you'd have to trust to actually send you the coins) takes the cash and send coins to the address. They have no idea who you are, and your identity isn't linked to the coins. Well, it isn't linked to the coins until you forget to turn on TOR or I2P before spending coins on something illegal. Or you remain completely and utterly anonymous right up until you spend coins on something physical and have it shipped to your home address. Or you arrange to have contraband "dead dropped" somewhere, and you get arrested when you go to pick it up. None of which have anything to do with Bitcoins, and all of which seem to me to be more likely ways of getting into trouble than somebody managing to figure out that "transaction for purchase of illegal stuff" is linked to "Gavin purchased a bunch of Bitcoins from Bobby's Discount Bitcoin Emporium" last year. The lack of anonymity is the worst thing in the Bitcoin protocol. In my opinion the anonymity should be fixed urgently if you want Bitcoin to be adopted my mainstream people! Most people who heard about bitcoin doesn't know their transactions could be traced. When they realize that they say bye bye Bitcoin. I was very enthusiastic about Bitcoin, I bought some domains and was going to build some websites but when I realize the lack of anonymity I stopped all my plans. Yes I know, there are work arounds but why should I use a system that involve work arounds in order to not be traced ?! If I use banks at least I know only a few people/institutions can see my transactions, using Bitcoin anybody can see my transactions, that's horror !!! Why don't adopt zerocoin solution ? , it add complexity to protocol but mainstream people don't care about technical things, they just want an easy to use, cheap system... At this point I don't think adding anonymity (moreso UNLINKABILITY & UNTRACEABILITY) to the bitcoin protocol will be able to gain enough traction for "consensus" to take place. The addition of UNLINKABILITY and UNTRACEABILITY would violate the social contract of bitcoin and merchants that are already using bitcoin in one way would be forced to change the way bitcoin is used and "regulated". |
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So that's why everyone keeps spamming Monero. Yes and no. Some people are indeed very enthusiastic about it because as you said, it sounds pretty cool. Others spam about it to discredit it in a sort of reverse trolling way. The coin market is a very messy competitive business with all manner of attacks flying in every direction (think "food fight"). It sounds pretty cool but I'm not quite sure I would want to drop bitcoin when bitcoin is so much more developed service wise. I agree with you 100% I hope we can get some of those features over to bitcoin soon.
Unlikely in practice. Cryptonote/Monero has been around for about 18 months and none of the features have been implemented in Bitcoin, nor will be any time soon. There is vague discussion about a flexible block size but that isn't happening any time soon either, assuming it happens at all. Bitcoin bureaucracy seems to move pretty slowly. I don't think I'll be around by the time anything about that happens. Yes and I think it will only get harder/slower as time goes on. Bitcoin is great but it obviously has its scaling challenges in terms of "consensus" among the bitcoin space players. |
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If people start trying to blacklist coins I will do everything in my power to stop them and I suggest everyone else do the same because blacklisting would harm bitcoin beyond anything we've seen so far.
That would help your peers or people you are in communication with. But not everyone. You can't stop black listing. It's kind of in the gray area. I isn't in full force but it isn't something you can just squish (unless we are talking major bitcoin protocol code changes). You can fight it by boycotting any service that uses or supports blacklisting coins. That much is within your power. Yes, but in a limited space (ecosystem wise) currently, boycotting any business that is a major player in the space does limit your ability and others to transact with bitcoin. You basically take those businesses off of your list to do deals with. Essentially limiting your options even more. Hopefully this wont be a wide spread problem. As if it gains traction I can see boycotting being irrelevant especially if most large BTC businesses start implementing blacklists. There are very few bitcoin services currently that do not have at least one alternative. At some point though your idea does go nowhere as if you boycott all bitcoin companies then essentially you paint yourself into a corner. Unlikely but possible. I'm all for the free market. But we have governments that love to regulate. |
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