I think goal number one here for this foundation is Gavin's job security. That's where most of your money will be going.
Well, he is the lead developer. What other did you expect ? Who made him the lead developer? Satoshi sure as hell didn't and somebody else totally redid the interface. Additionally, Satoshi coded <95% of the whole thing. Actually, you should first check the github statistics of who did the most of commits and merges, and only second, speak. Satoshi didn't use Github. Again, he made most of the core code on his own. |
|
|
|
I think goal number one here for this foundation is Gavin's job security. That's where most of your money will be going.
Well, he is the lead developer. What other did you expect ? Who made him the lead developer? Satoshi sure as hell didn't and somebody else totally redid the interface. Additionally, Satoshi coded <95% of the whole thing. I say we pay per contribution and not a salary. This isn't intended to be a job. He isn't the god of Bitcoin. |
|
|
|
bitcoin price rise is slowing down from exponential to linear.
I suppose it is because bitcoin already burned through most of the geek mass,
and all that is left are slower type of people, slow linear adoption ? who would know
also, there is now resignation, If i cant get 1000 coins I won't buy
after this new year turmoil, I would not expect any excitement for a long time,
I doubt any big company will adopt it before next reward drop from 25 to 12.5
I hope you're right. I need more time to buy. |
|
|
|
I prefer mBTC and µBTC
I will argue that it's hard for people to understand what these exactly mean. I can't even grasp it based on those names. |
|
|
|
was it the wolong something device ?
Yep, anyways I don't want to rain on the OP's parade. It's his idea now. |
|
|
|
|
Let me guess, you would have cards with multiple private keys with set amounts? When you go to a merchant you just trade these private keys? The change gets sent back to a communicated public key?
I had the same idea awhile back. Way, way back. Remember the Woolong Device?
I snooze, I lose I guess. Enjoy your patent. You deserve it. You took the initiative.
|
|
|
|
Here's a clearer proposition, verbally:
1 Bitcoin = 1 Bitcoin
.1 Bitcoins = 10 million satoshis
.01 Bitcoins = 1 million satoshis
.001 Bitcoins = 100,000 satoshis
.0001 Bitcoins = 10,000 satoshis
.00001 Bitcoins = 1,000 satoshis
.000001 Bitcoins = 100 satoshis
.0000001 Bitcoins = 10 satoshis
.00000001 Bitcoins = 1 satoshi
Once .1 BTC becomes $10, people will likely say things like "This rubber duck is worth .0125 bitcents." Okay, that works. Then .01 becomes $10. .001 is not a bitcent. What do we do with the vocabulary we have now? We go the way of the Japanese Yen. When we have .001 Bitcoins, we will say we have 100,000 satoshis, since there are 100-million satoshis in a Bitcoin. The satoshi is the smallest unit. So, in short, when we start commonly pricing things in .001-.01, thousands of satoshis will be the wording since we will get tired of adjusting to the exchange rate through vocabulary. TLDR: .001 = 100,000 satoshis Thoughts? Is my math right? |
|
|
|
|
I think goal number one here for this foundation is Gavin's job security. That's where most of your money will be going.
|
|
|
|
Gavin - Founder class
No, he has only contributed to Bitcoind. Satoshi Nakamoto was the sole founder of Bitcoin. |
|
|
|
|
Why can't the network function with just miners handling the network load and users paying fees to support them?
|
|
|
|
|
I log into Wikipedia and find that somebody deleted most of the article. What do I find as a reason?
Reason: Most of this is not true. Bitcoin is not real money. It's toy money, etc.
What gives people the idea that Bitcoin is play money when it trades at over $10 a unit? Why can't people see it as real or are threatened by the idea of it being real?
What do you tell someone who says "Bitcoin is not real money."?
|
|
|
|
Ah, the crux of the issue remains. I fear down the road this self imposed spokesperson, policy setting, business vetting, intertwined with corporate interest body will get corrupted and try and direct the for the most part ignorant user base to their advantage while you on the other hand have faith the community will be smart and vigilant enough to keep you in check.
Well then as long as the general electorate is the one of which we must now expect vigilance, I'm all calmed down and happy, especially since this works out so well in today's political systems. /this last part was a bit of sarcasm, not mean spirited of course, just for illustrating purposes
Why we needed this foot in the door for bad stuff to be possible to happen I will never understand.
No no, don't be sarcastic, because I agree with you. (It only took us 38 pages to see each others points lol, partly my fault) Of course this is a total real fear, one I have myself. You said it perfectly "self imposed spokesperson, policy setting, business vetting, intertwined with corporate interest body will get corrupted and try and direct the for the most part ignorant user base to their advantage" This is totally a real threat, and a very scary one indeed. If this is what you were getting at, Im sorry for not seeing it earlier. So basically, how do we protect the foundation from something like this? Right now, the board members are fairly well known and can keep each other in check without corruption. Like you said though, in 2 years all board members can be replaced, and 5 corrupt people can be voted in (We see this in government all the time!) I think if we work together, we can come up with solutions to this issue and hopefully by doing so, you can see the good things about the foundation and help us work on the bad ones. Holy mother of god, thank you. |
|
|
|
|
Satoshi was actually hugely anti-establishment, anti-bank with libertarian tendencies but noooooo, Bitcoin is somehow non-political regardless of why Satoshi made it.
|
|
|
|
The plan was openly discussed. And then linked in the OP.
Having thought about this for longer now I'd say my main fear with this foundation is how they're going to credibly explain to the US govt that they cannot build AML and KYC rules into the code when they are actually paying the devs salaries? This was on the tip of my tongue! Thank you so much! |
|
|
|
|
Let's hear that again. Where will the oh-so humble Gavin be paid at, again? Under what corporate name?
Gavin Super Stud Dev, Inc.
|
|
|
|
Then let's start another foundation to address the issues the BF is weak on. This is how polycentric/anarchic/emergent order works.
Good luck with that. Gavin, the owner of Bitcoin, already declared his foundation (who's purpose between other is to pay his salary by the way) the "official" Bitcoin foundation. This makes me think: Satoshi never wanted to have a clear face. He never wanted Bitcoin to have a real face either. The whole point was it to be a P2P protocol much like BitTorrent. It existed anywhere it was useful: On independent sites and services. He never gave himself a title nor legitimacy. He let Bitcoin be Bitcoin. I would love to be shown otherwise. Now, Gavin, he probably wants a central protocol controlled by him like he's Linus Torvalds, the leader of the free world when he's only been a fraction of what Bitcoin is. |
|
|
|
Then let's start another foundation to address the issues the BF is weak on. This is how polycentric/anarchic/emergent order works.
I am working on it, believe it or not. However, it's not just legal documents. I need a level of force and funding -- that will take some time. I don't have the clout these men have but I can get something similar. |
|
|
|
LOL. Gavin is probably the most humble person in the Bitcoin community. Gavin: Thanks for that key. Hey, I know you have problems with the establishment and you created this thing but I went ahead and RSVP'd with the CIA. Satoshi: ... <leaves> Gavin: Okay, I am now head developer. I own Bitcoin now. |
|
|
|
|
This is for anyone curious about Satoshi's view on anonymity (neutral but not against).
|
|
|
|
|
Show Posts
