Thanks. I can't tell from their wiki site, do they have a blockchain?  |
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BlockChat or BitChat? I'm not much of a techie or a programmer, but how about using the Bitcoin setup for chat, a blockchain chat. We might call it BitChat. All the messages would be stored, encrypted, in the BitChat blockchain. To keep the messages from becoming too long, they would be allowed a maximum of, say, 500 characters. To keep the blockchain from becoming too big, messages would be deleted after, say, 6 months. Obviously, you would need to know the recipient's first address when sending your first chat to him. You would have a label for him in your BitChat client. (Obviously, there would be no need for exchanges. Everyone would download the BitChat-Qt client.) When you sent him the first chat, regardless of what address you were sending from, your new address for him would be listed in the message. This would be the only address you could accept a reply from him if he used REPLY, and not NEW MESSAGE. Of course, when he replied, he would send you a new reply address of his own. These address changes would be automatic in the client. This would make it difficult for anyone to track which messages were going where, becuase, everyone using BitChat would receive all the messages from off the BitChat blockchain. Only the people designated for any specific message could decrypt it. And the only way anyone could tell who was decrypting it would be if they were running a hack on the particular computer(s) involved. Well, you get the idea. What do you think? Stuff would have to be thought out. Could this somehow be combined with sending bitcoins inside the same client? If it could, it would enhance anonymity as well as limiting the size of the blockchain. I'm sure it could be done. But it would have to be thought our well if Bitcoining were done along in the BitChat client. |
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I thought the whole point was to get Bitcoin finally regulated There are different opinions. I, for one, do not want bitcoin to get regulated, at least not the way most people want. As someone put well. Gov can control the exits, but what people do inside the cryptocurrency ecosystems will be impossible to regulate. Well, it looks like they are considering trying to. The URL below was mentioned in an earlier post, and in it the article it states that Mr Lawsky's agency is still wrestling on whether to restrict or ban the use of "tumblers". I think that tumblers are needed because as soon as someone ties you to a bitcoin address they then can possibly figure out how much money you have. http://www.reuters.com/article/2014/02/11/us-usa-bitcoin-idUSBREA1A20X20140211Just imagine a scenario 5-10 years in the future: You have most of your money in BTC, including being paid in BTC by your employer. Tumblers are not allowed by regulation. You then pay for your dinner with BTC. Someone at the restaurant sees your address. Well, if they know one of your addresses, it only takes a perusing on blockchain.info to potentially see a few more levels of addresses and how much money you have. That is creepy and very useful information for criminals, for example. And if you think that looking at the blockchain won't give you this kind of information, I can guarantee you that within a number of years there will be web sites that will do wealth analysis on a given bitcoin address. With accuracy probabilities and everything. Just wait. Anything tumbled and the probabilities of that wealth calculation goes way, way down towards 0%. That is just one example of what a tumbler can prevent. Money Laundering is simply a term that people who want control of other people use to try to make their control look good in the eyes of still other people. The trick is, how to anonymize your Bitcoin addresses for real, without having a central authority for Bitcoin, and preventing both, double spends and forking the blockchain. It's beginning to look like we will be NEEDING a quantum computer for Bitcoin. It has been said that a quantum computer that is truly operational could hack Bitcoin successfully. But it has also been said that a quantum computer running Bitcoin would be harder to hack by another quantum computer than a supercomputer trying to hack another supercomputer. Until then, maybe we need Bitcoin credit, just so that we don't ever have to make Bitcoin payments on the spot, like at a restaurant, for example. It could be done in advance via some form of Bitcoin credit built into the Btc client. |
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How about non-legal system, impartial judges combined with escrow. Consider this about non-governmental judges, from Robert Heinlein's "The Moon is a Harsh Mistress." "If two people brought a quarrel to Brody [a non-governmental judge] and he could not get them to agree that his settlement was just, he would return fees and, if they fought, referee their duel without charging—and still be trying to persuade them not to use knives right up to squaring off." |
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I think Bitcoin has crossed the border risk, and cant die, maybe will addapt to survive
But if Bitcoin DOES die, it will come from a fully operational quantum computer that is controlled by the banks or governments. The only other thing that will kill Bitcoin is a massive disruption of the Internet. But this will take down the banking system, as well. See: https://bitcointalk.org/index.php?topic=460457.msg5084101#msg5084101. |
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Think about who would be doing it and why. It isn't some small group, because they would only hit one or two exchanges. It is the bankers' behind-the-scenes hackers, or it is the NSA, or CIA, or FBI, or their counterparts in the various governments of the world, like the group that the KGB turned into, or MI6, or you name it. Bitcoin signals the end of the fiat currencies of the world. Those who are in power don't like that idea. the only way they can legally shut down Bitcoin is to shut down all Internet communications they have so carefully built so that they can rape the people. I'm not a techie, but if I were, I would be advancing all the different ways that I could think of for maintaining and growing public communications beyond the Internet. I would be working to develop an independent communication grid that is entirely decentralized, yet worldwide, just like Bitcoin is. |
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When Liechtenstein and Luxembourg take official note of Bitcoin, if that note is positive, you will know with certainty that Bitcoin is here to stay. |
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If the present state of BitCoin was to represent the most stable store of value.... oh boy, we'd be fu*&ed. Big time.
It's a permanently endangered, unstable, volatile construction in progress and experimental way to conduct monetary transactions via internet with a still unknown background and uncertain future - nothing more.
It lacks about every single base requirement to be a store of value and in some regards even its value is highly debatable itself.
Complementary FIAT-type virtual commodity at best IMHO, which derives most of its value from the ability to conduct worldwide transactions at relatively small fee and reasonable transaction time - where accepted - and to date mostly outside of government control. Lots of variables that are subject to change without notice, hardly the "qualities" you'd need to have a store of value.
It's a new, virtual "use at your own risk" development restricted to internet use only, so never confuse it with a store of value.
The question is, how stable is Bitcoin when compared with the money being used in the United states in 1800. Bitcoin is about 5 years old. In 1800, following the new constitution of 1786, the United States already had 14 years to develop their currency and make it work. I'm not into the history of the various U.S. currencies. The point is not the history. The point is the rapidity with which Bitcoin has become popular. The world has never seen a currency that is being traded worldwide with the popularity of Bitcoin, go from zero to what it is today, all in just 5 years. Nobody knows how inherently secure and valuable Bitcoin really is. It is just too early to draw a real conclusion. However, one thing is sure, Bitcoin has risen, worldwide, way faster than the German Mark did in Germany, after Hitler rebuilt Germany prior to WWII. And that is fast. |
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If Asia Nexgen is smart, they will start a branch in Singapore. The branch may even be a totally separate company that they own. It should be licensed under Singapore law in just the same way it became licensed under Hong Kong law. The reason is that Singapore is one of the financially strongest nations in the world. Hong Kong can be controlled somewhat by China. It isn't the same for Singapore. The whole thing would be good for the Bitcoin scene. It's time that we start to drive a wedge into the ever-growing banking cartel. |
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I know they are present. Why do they hide like cockroaches?
It is accepted that cockroaches have been around for at least hundreds of thousands of years in basically their present form. Are you calling Satoshi a cockroach? You can't just come here and ask someone if they think bitcoin creator is a cockroach.  Well why not! After all, even though Bitcoin is open source, it is still hidden to 99% of the people who don't have a clue about programming and couldn't care less, as long as it works. It had to sound funny  It did. Just playing along. |
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I know they are present. Why do they hide like cockroaches?
It is accepted that cockroaches have been around for at least hundreds of thousands of years in basically their present form. Are you calling Satoshi a cockroach? You can't just come here and ask someone if they think bitcoin creator is a cockroach. Well why not! After all, even though Bitcoin is open source, it is still hidden to 99% of the people who don't have a clue about programming and couldn't care less, as long as it works. |
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You think that after SHA 256 being public for how long that not a single person on the planet has been able to figure out some secret cipher? That's VERY unlikely.... It's been eternity before the man invented the wheel. Don't you find strage the fact that the ants to this day haven't done it yet? This is good, the ants, I mean. It reminds us that a thousand years ago, people had all the raw materials and the manual dexterity to invent and use the electric motor. Yet they didn't. Why not? Because they SIMPLY DIDN'T THINK ALONG THOSE LINES ! Now we have been given Bitcoin, by a few thinkers who thought along slightly different lines in slightly different ways. Forget the less important thing about Bitcoin... the money part. Rather, let's all turn our minds to the KIND of innovation that Bitcoin reveals. If we apply this new kind of innovating, we just might be able to free ourselves from all oppression, including that of having to pay taxes just to trade our labor and skill for food, clothing and shelter. This is the example that Bitcoin shows us. |
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I know they are present. Why do they hide like cockroaches?
It is accepted that cockroaches have been around for at least hundreds of thousands of years in basically their present form. Are you calling Satoshi a cockroach? |
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I wouldn't jump to conclusions from the sparse facts in these news stories. I'd like to see the actual complaints. The media often gets things completely wrong. One story, for instance, claims they're using the state equivalent of the statute used on Charlie Shrem, but doesn't actually say which statute (there are two charges in that complaint) or what part of it, or what they're actually alleging other than that people sold Bitcoin.
http://www.scribd.com/doc/205808113/Def-Espinozahttp://www.scribd.com/doc/205808118/Def-ReidLet's not jump to conclusions. But let's also examine a whole bunch of things going on behind the scenes. Government doesn't want to make any more ripples - and certainly no waves - in the thinking of the people than they have to. When you look at how fast Bitcoin has come into somewhat popular use, you can see that anything that government does regarding it will start to cause a stir. And this is good. Government needs to be examined with a microscope. Why? Because if government were good, if money were acting rightly for people, Bitcoin wouldn't have become as popular as it has as fast as it has. |
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Florida is an ideal pro-dollars state. The reason is, it has lots of retirees who are on Social Security. Retire to Florida the saying used to be. And that's what thousands of elderly people have done. The state has been living off the money those retirees spend, and neither the retirees or the state want anything to do with a form of trade that could destroy money and their way of life. Think of it. If Bitcoin became popular, and people started using it in place of money in a big way, we could actually see a collapse of the money system. That would mean the collapse of both the resources for the retired elderly, and the state as well. While this will not likely happen for some time, Florida is having nothing to do with it. They are "nipping it in the bud" so to speak, and trying to earn some free money off the accused, who probably won't get their money back even if the charges are dropped. I think your logic is a bit off, even if Florida is truly anti-bitcoin. If Bitcoin became popular, it would still be spent just like money and sales tax would still be collected at the retail level, so Florida would not make any less of their revenue. Only case where Florida would not make revenue, is if laws came down that said Bitcoin is treated as a commodity and therefore when you bought something with it, it would be more so considered a trade of one good for another and no sales tax would be collected in that case (I believe). What you say is true. However, the use of Bitcoin, being decentralized, would cause such an increase of hard-to-track under-the-table activity, that if it were in widespread use, Bitcoin could change the whole appearance of money movement and trading. It might even cause the PEOPLE to review how they are being misrepresented by all the government officials, none of which obeys his/her oath of office. Nobody who is satisfied with things the way they are wants that. |
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The Satoshi group isn't gone. They just aren't using that identity anymore. They are still around trying to advance encryption so that even the NSA can't hack it. Obviously, they need to be very careful (timid) in this whole thing. |
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Entrapment has been and always will be a common tactic amongst law enforcement in America.
If they know people wan't prostitutes they will set up fake prostitution stings , if they know people want drugs they will have undercovers selling drugs, if they know people want to launder their illegally gained funds they will set up sting ops that would attract those type of people.
I don't think this is an attack on bitcoin so much, just another example of police going undercover and offering illegal things/services and then see who bites.
What "illegal things" were offered by the undercover lawn enforcement orificer to the bitcoin seller? It was just an exchange of bitcoin for dollars. It's clearly just another case of flat out persecution. The only criminals here are the costumed thugs who kidnapped these men at gunpoint and locked them in cages for absolutely no justifiable reason. Those men harmed no one. There is no victim here. There is no loss and no injury and no fraud. Therefore, there is no crime. You missed a key part of the story where the undercover agent told the bitcoin seller that he was going to use the bitcoins to purchase stolen credit card information. Thats the key part in this case, and probably the only reason an arrest was/could be made. It's one thing to exchange bitcoins for cash, it's another thing to do it when the buyer specifically tells you he intends to use the bitcoins for illegal reasons and you STILL go through with the trade. "According to court documents, the agent told Michelhack that he wanted to use the Bitcoins to purchase stolen credit cards online. " http://krebsonsecurity.com/2014/02/florida-targets-high-dollar-bitcoin-exchangers/Like I said earlier, it's a legal form of entrapment and it's something law enforcements do for all sorts of illegal things. The issue here isn't so much bitcoin , but selling bitcoin to someone who told you they would be used for a crime. The REAL question for us is, of course, is crime still crime if it is legal crime? https://bitcointalk.org/index.php?topic=456023.msg5042254#msg5042254 |
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What it will take is for the people to clearly be shown how they are being stolen from by the banking system. If it were only inflation, if it were only fractional reserve banking, those two things would be enough. But that is only the tip of the proverbial iceberg. The big part of how the banking system is stealing from you is, all the loans by bank institutions of every kind are not loans at all. It says they are loans on the paperwork. But that's because government has allowed them to redefine the word "loan" for banking purposes. So, if loans are not loans, then what are they? They are creations of new money. It is your signature on the promissory note or other paper that creates the new money. You loan the new money you just created to the bank when you slide the paperwork across the desk to the loan officer after you have signed it. All the loan officer does is to translate the paperwork containing your signature into banking system paper, and ultimately to a check or cash back to you. When you repay the loan, you are not really repaying anything. In fact, you can't repay the loan, because there isn't really any loan. It's redefined words. The debt was settled when you received the money that the loan officer gave you in return for the paperwork with your signature on it. When you attempt to repay the loan, you are really GIVING the bank something that it has no right to receive. And the whole thing has been done this way with the help of our government representatives along with the banks so that they can RIP US ALL OFF. On top of everything, the government taxes us on the money. Google "Modern Money Mechanics" and "Two Faces of Debt." These are two Federal Reserve Bank publications that are out of print, but you can still find them up on the Internet here and there. They are a bit of a twisted read, but you will find the banking system admitting to the new-creation rather than the loan in them. When the people wake up in unison about this, they just might become so angry that they will cancel the use of money altogether. Bitcoin would be the ideal replacement. The lying-loan money system has become the system in use around the world with all the major currencies. |
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