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GPG PGP has it's shortcomings also ....
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heheh ... soooo gen 0.
Wired needs to keep up a bit better.
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Good start ... even the most massive of constructions begin with a single stake in the ground. |
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We are working to integrate BitNames with a Chrome Extension to allow one click login to compatible websites. BitDNS will come a later and will offer high-value, paid-for, names at auction using a system designed to prevent squatters. The combination of BitNames & BitDNS means we can eliminate man-in-the-middle between websites and their users due to compromised Certificate Authorities. Our aim is to promote the protocol with the W3C web payments group as an alternative to Open-ID and other proposals that ultimately rely on a central authority (your email provider) and have a broken certificate system. Namecoin project is already doing many of these parts ... how will bitnames and bitdns be different/improvement? ( I note you are using names others have suggested back in 2011, are you affiliated with them somehow?) Also, I haven't read the white paper but it is honest and typical to provide proper attribution when extending the seminal concepts, ideas and works of others. If you haven't done from day one, with the sincere intention to do so, it can be a source of FUD rot that when planted at the very beginning will only fester and corrode the project forever. Just so you have been warned. |
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It's a very simple metric .... (total tax take)/ GDP.
I can't see how people are getting hung up about how to measure the size of govt ... unless they want to of course.
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So this still RSA and not ECC right? Any plans for switching?
AFAIK it has been ECC since the first major re-write ... i.e. a long time ago. |
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The namecoin integration with bitmessage can fix this ... since you can change-up your BM-xxx address in the namecoin blockchain as much as you like (even automate it if you like) whilst you remain contactable at "id/name" ... as long as you control the namecoin keys for "id/name" your correspondents will know they are connecting with you (you'll need to initiate by transferring the "id/name" knowledge in some other out-of-band method like PGP signed mail, fingerprint exchange, etc as OTR does). This fix should provide some measure of forward secrecy, although you will need to be careful then about how you use namecoin to register/update that "id/name" on the namecoin network ... but all that is then the identical modus operandi for using the bitcoin network in way to avoid privacy leaks ... |
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I can probably contribute commits to this, debugging, testing, cross-platform building, etc.
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Those links are 9 months to a year old ... go to the links I posted above. |
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They also make the mistake of assuming that addresses are linked to identity. The balance of some of MtGox's cold storage address(es) are large but they represent the wealth of who knows how many individuals.
I'm glad you said represent there and not control .... MtGox's cold storage is controlled (possessed) by Mr. Karpeles and whoever else might be co-signing with those keys. The graph does not show identities but addresses are directly synonymous with the private keys that control the wealth, so is there really a distinction when control is effectively ownership? |
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Let me put it in a more down home analogy for ya:
... the old house is crumbling down, people are walking through the massive holes smashed in the walls, climbing in through the broken windows ... and here you are screaming, "everybody, please remember to use the doors!".
I think go to Wall St. and pontificate about following the ridiculous financial regulations and laws, the targets are bigger, more 'morally just' and at least they will pretend to care.
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Between this unusual cash deposit pattern and the eventual wire from Mt. Gox which I hope makes it to my account before the earth stops cooling I figure I'll be lucky to retain an account with Wells. And if the various banks communicate, I might end up being one of the more well-to-do 'unbanked' persons around. We'll see. It would be hilarious if I got kicked out of the banking system just in time for the Cyprus style 'bail in' which is, from what I read, now in vogue amongst the corp/gov planners as a means of re-capitalizing Western banks when the run into trouble after rehypothecating my savings and losing it in highly leveraged derivatives bets. Yes, please ... kick me out of your poxy system before it goes tits up and screws anybody stupid enough to be left using it ... |
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I'm not a legal scholar.
I'm not a lawyer.
I'm having a public dialogue about US anti - money laundering regulation as it relates to virtual currencies.
You are certainly welcome to outline elements of the BSA that you believe to be unconstitutional. And until a court proves your point they remain law in the US regardless of what you think and I for one plan to operate within those laws. Doug Jackson of e-gold bent over forwards trying to comply and still ended up getting it hard with no grease. Government employees cannot be relied upon to follow the law. They will change it to whatever suits them and their masters among the elites. You cannot negotiate with terrorists. TD. If you were actually familiar with the e-gold case and the law you would understand that that Doug Jackson was prosecuted for ignoring existing law just as you are suggesting. At his sentencing the judge actually said that there was nothing illegal about his business. Unfortunately he was not in compliance and he allowed bad actors to use his system. Actions (or more specifically inaction) have consequences. And in this case the consequences include both civil and criminal penalties. You are living in an alternative reality ... I kind of envy your cognitive dissonance because that is the world most of us would like to believe we are living in (in an ignorance is bliss kind of way), but the evidence for selective application of bad laws and the roll out of a facist state are now overwhelming. In the end, wilfully ignoring the new reality will cost you, financially and probably psychologically as well eventually. |
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I'm not a legal scholar.
I'm not a lawyer.
I'm having a public dialogue about US anti - money laundering regulation as it relates to virtual currencies.
You are certainly welcome to outline elements of the BSA that you believe to be unconstitutional. And until a court proves your point they remain law in the US regardless of what you think and I for one plan to operate within those laws. Doug Jackson of e-gold bent over forwards trying to comply and still ended up getting it hard with no grease. Government employees cannot be relied upon to follow the law. They will change it to whatever suits them and their masters among the elites. You cannot negotiate with terrorists. There seems to be a common misconception that the rule of law still prevails ... despite all evidence pointing to the contrary. |
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starting with the surprising result from over twenty years ago that all programs can be converted into interactive proofs, Interesting ... are there constraints on the set of programs or is it really 'all programs'? The idea I'm calling CoinWitness is this:
You write down a small program which verifies the faithfulness of one of these transcripts for your chosen verifiable off-chain system. The program requires that the last transaction in the transcript is special in that it pays to a Bitcoin scrippubkey/p2sh. The same address must also be provided as a public input to the program. We call this program a "witness" because it will witness the transcript and accept if and only if the transcript is valid.
You then use the SCIP proof system to convert the program into a verifying key. When someone wants to create a Bitcoin in an off-chain system, they pay that coin to the hash of that verifying key. People then transact in the off-chain system as they wish. To be confident that the system works faithfully they could repeat the computationally-expensive verifying key generation process to confirm that it corresponds to the transaction rules they are expecting.
When a user of one of these coins wants to exit the system (to compact its history, to move to another system, to spend plain Bitcoins, or for any other reason), they form a final transaction paying to a Bitcoin address, and run the witness on their transcript under SCIP and produce a proof. They create a Bitcoin transaction redeeming the coin providing the proof in their script (but not the transcript, thats kept private), and the Bitcoin network validates the proof and the transaction output. The public learns nothing about the intermediate transactions, improving fungibility, but unlike other ideas which improve fungibility this idea has the potential to both improve Bitcoin's scalability and securely integrate new and innovative alternative transaction methods and expand Bitcoin's zero-trust nature to more types of transactions. Wow, sounds good ... better than good. |
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This might be coming - Money Laundering, Cryptocurrency and Financial Crimes Strategy Act (2016)
Whatever ... they are idiotic to think they can ever effectively legislate for Open Source code, particularly OS code that can transfer valuable bits. If they want to be in the business of making the rules of this game they need to learn git, end of. |
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Here i am speaking to the hard work mike has put in making bitcoinj possible. You'd do well to remember that. Thanks .. maybe I will. Deifying devs and calling people dicks is probably not going to make me listen to you much though ... I wonder how he missed that random number generator Android bug for soooo long? Maybe concentrating on the law enforcement possibilities for bitcoinJ was occupying too much of his dev mind share? |
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The fact that Mailpile consists of a google developer already makes me nervous to use Mailpile.  The fact that Bitcoin consists of a google developer already makes me nervous to use Bitcoin. you've got to be kidding. If any changes are made the community disapproves of we won't update our clients, simple as that. Mike Hearn is a legend mate don't be a dick. ... he's not a legend ... bitcoin is the trust no-one currency, you'd do well to remember that. |
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You sound like the expert on that. Why don't you.
So, as a legal scholar, you basically agree that the Banking Secrecy Act has many aspects of it that are unconstitutional then? (We need to frame the argument before we launch into it ...) |
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