Reality is the ultimate arbiter of who is wrong and who is right.  All the great inventions were not made by governments but single individuals free of coercion or the repression of being a wage slave; Edison, Tesla, Einstein, graham bell and others, they though selflessly, where the rest of the market was thinking of how to make money off the competitor, Satoshi was thinking: Fight them where they aren't and so too did these science greats.

Alexander Graham Bell worked with the deaf.
Einstein worked on changing the understanding of physics.
Tesla wished to help the world by giving them free electricity.
Edison worked on improving the state of society.
Gutenberg created a press to democratize access to the bible.

The idea for a Genius is freedom, and Genius is seldom understood so it leaves them no choice but to create the change in the world they wish to see themselves; No one understands them or can even accept them and worse they come to despise their incessant chatter which they have no interest in, why would they tolerate them when they are not tolerated by them?  So the Genius sets about on their lonely errand free of the constraints of society: money, influence, power... acceptance, they create whatever they want, without anyone telling them it's not possible; Reality will be the arbiter of that.

People are afraid, the Genius is not afraid, society condemns them, their governments and institutions condemn them but they create freely regardless of imaginary or real consequences of poverty, isolation, loneliness, violence brought on by those in power to decide their fate.

They create ceaselessly and in shifts, thinking not as some, of where their next meal will come from or will they get laid tonight; The Geniuses mind is contemplating the Universe, Reality, the construction of poems and sonatas; oh how they dazzle their minds, and of systems and logic. They make the world a better place because they are still human and yet have made a unspoken vow to forgo the world so they can solve these problems that no one wishes to solve because they are too entrenched in their job, worried about money, what other people think, drowning their fears in drugs and alcohol or simply content never having found out what life truly is.

Satoshi's idea was an old one, they simply put it together and took all the steps to guarantee it's success. I can see it now, in how it has survived all these years. Satoshi's Genius was in the payload, Arming this digital nuke to the brim with the most well thought out ideas of the past hundreds of years with a delivery system akin to a ICBM with multiple warheads to spread the mayhem smoothly and evenly.

Satoshi knew where all the gate keepers were and bypassed them, made sure that they would be outmatched and unable to stop it once it had planted itself in their territory. This is why these great ideas never happen, because of the gatekeepers, they control all the doors they have all the keys and their lines of power are well known.

how did this idea get through? If the gatekeepers cannot understand the idea they cannot see it, if they are overwhelmed they cannot stop it once they identify it, If it is outside their lines of power they cannot block it, If they do not have enough resources they cannot defend against an onslaught from a million fronts: death by a thousand cuts.

Satoshi never revealed themselves: no attack against it's creator is possible, they cannot be tied up in the courts by corporate interests.

The client is open source: it is available to everyone to use and create their own projects with; it can be cloned into hundreds of different projects that no one knows where they are.

It is distributed, no single attack against the network is possible, only parts of the system can be shut down and those nodes will be repaired once brought back online.

The users are anonymous they cannot be attacked and made an example of.

The BlockChain is 100% open as well all transactions are recorded, anyone who has a copy can restart the network on their own and if necessary use it to gauge the health of the ecosystem, all this information about the network is able to be used by all. If the majority of users are not actively attacking the system they will take this information and attack those who are not working in it's best interest. an attack from within is very difficult to succeed.

The system is monetized so it will spread extremely rapidly it cannot be slowed down to deal a restriction attack, people will open the gates to gain access to that prize.

Bitcoin is a program it cannot be sued, bribed, corrupted in anyway, it is not political, it is objective and consistent at all times and holds no allegiances.



 

Black market techniques can help in this situation.

The trade has to be instantaneous, face to face meet ups are essential.

an android app is created, you start your light Bitcoin client on your phone, or iphone or whatever. you keep the wifi on, the sellers keep their wifi on.

When you are in close proximity to a seller the app will alert you that there is a seller near by with cash in a public place. It will tell you their going rate and they get to see your buying rate.

you go to the seller you work out a deal, you transact the bitcoins live on the spot using matrix barcodes, they get their fee in BTC the client gets their BTC on the spot.

High risk if your worried about someone having network control over the area maybe.



the other choice is highly illegal... probably.

you create a p2p bank. tricky shit for sure. millions of them. How do you do this?

The BTC atms, a similar concept but digital, the legal route is to create a banking entity like a credit union but make it p2p many small entities linked by miners who take care of the transactions, the banking software is distributed opensource to everyone so anyone can become a bank.
The person acting as bank is also the miner who takes care of the matchups between transactions. they get paid in BTC fees for keeping the flow of money going.

Cash is king in this system, to start it off the first solution has to be implemented as large cash reserves will be needed, people come sell their cash for BTC the buyer and seller are known because of the block ledger, that BTC address marks them both.  The serial numbers on the bills mark the proof of ownership. to be a p2p bank they will have to scan those bills and have it be read by the program working on top of bitcoin, the money that they have and don't have is marked on it's own block ledger for anyone to see, no one knows who they are but the address says they have accepted this amount of fiat these serial numbers and when someone comes to sell their BTC those same bills are scanned out any discrepancy when matched to the BTC addresses will note a difference so the right amount of serial numbers have to be dolled out.

All transactions are local, but once in BTC they don't have to be, the Cash is local, BTC breaks the barriers.

either that or I guess people will be sending their digital cash to the bahamas where they can distribute that info to p2p nodes!  

but yeah, all this is not required, BTC is it's own bank, all you need is to get that rig fired up! start generating your own coins.  of course this will require a little mind bending on your behalf... why are people so reactionary instead of logical?

do you really need an exchange to tell you what a BTC is worth or can you deduce the real price by your understanding of Bitcoin? How much would a bitcoin need to be worth to handle the whole world economy? that would be about 42 billions dollars worth of transactions a day, millions of millions of transactions.

we know how many bitcoins are in circulation, we know the purchasing potential needed to sustain a large economy, what if we all did the guess work and made a mathematical formula that would give everyone the real price of Bitcoin? All that would be required is access to the blockchain to verify the data and a solid formula that was available to everyone. no need for an exchange just access to the blockchain to verify the price of Bitcoin.

a mathematical understanding of the factors for an effective currency can circumvent all this, so easily. WE must give up the idea of a exchange by market liquidity and buy and sell rates... we must base it on fact hard cold science. 

The best algorithm for determining the necessary flow of BTC will stop the spread of Fiat into the system, fiat will be locked out forever from this economy. Check Mate

of course no one is worried, we have plan Bitcoin in place, maybe they are just cracking down on regulation, maybe not, but there is still 11 million coins left to be mined.

more than enough to run the world economy, they've revealed their play, but there is still a long way to go before the end of the game.

when will the p2p exchange be built? It is already here, and there are still plenty of other exchanges that are still out of their reach; they are going to end up with a Gutenberg press problem, the more they fight it, the more they spread it.

They shut down Bitcoin, but LiteCoin is waiting in the wings with a lot of eager proteges in tow, will they be able to stop them?

https://bitcointalk.org/index.php?topic=172705.0

It'll be at 1000 next year. it's not a matter of how many crashes we have, it's a matter of fact that the idea of a unstoppable exchange system is already gone world wide.

They  have been pumping a lot of misinformation about the system, but they just tanked the only thing holding Bitcoin from going wild. MtGox.

Information is power, but the people who know what this is in power, knew this all along, they've forgotten the people who are already in the system and can see what is being done.

It is finished, phase 2 has begun.

The more they fight the more they create and make apparent to everyone the fascist regime that they are living under, code will be the only way to fight back.

Programs with democracy coded into them, with Constitutions and rights, made into code that is unbreakable, open, incorruptable, that is neutral, maybe they don't see it now, but that's a lot of human ingenuity that they are unleashing against themselves.

for every human being we align to our cause that is 1 petaflop of general computing power, if they have 1000 people working against this, means they are outmatched a million to one.  First Exaflop computer ever made in history, that has to count for something.

You need to start following your address, was the wallet stolen? if so do you know your address? if so track those coins to their ultimate destination till the end of time., s

Sooner or later those coins will end up into a known address.

depends on volume of transactions, it's sitting pretty quiet right now 14k transactions lately... the migration form mtgox has happened.

Time to corral the newbs, they're scared of mtgox, don't know where to exchange, time to come to Canada.

where are they going to exchange their hard earned cash for BTC? well have to see, U.S citizens are limited but the rest of the world isn't so just look for another exchange, They can still trade at mtgox but do you think the US government would go after all the millions of users of mtgox? I don't think so, it would set a precedent,  better to just flood all the exchanges and go ahead without fear.

would any of you fund a known btc case from a regular usar to oppose an inustice of that nature if it happened? I know I would I'd send a couple hundred bucks for legal fees, help them first before they get to me.

The system is able to work escrow free for money transactions for sure, but for delayed transactions it is a poor choice, since someone does have to send that xBox you just bought online.  An escrow service is essential for first time contact and very true the first time you meet someone to transact it is in the parties interest not to scam you, since the rewards of not doing so means return business, but not all people grasp this, it makes them feel better to know they can make you look like a chump.
   Tricking people is easy, keeping their trust is harder, even if they are beside you for years they won't trust you ever, these people do not value logic or preservation, they are run by emotional values... a different breed.

Sooner or later someone will create a system that will not require that escrow service, Satoshi wrote that it would have to be done that way sometimes, unfortunately. But the dialogue is happening, new methods and technologies, new systems are being created now that this Bitcoin, the proof of concept has been proven. Sooner or later someone will find through process of elimination the best most resilient implementation.

Systems with absolute openness that are indestructible, ineffable, incorruptible, unbribable... the concept that a program combined with a solid system is unquestionable... the system will simply not allow you to do it any other way, you signed the terms of usage the moment you used it.

Just imagine if someone did this to our constitution or our bill of rights?  Wrote those rights into a program and with a decent amount of insight created a system to work with it?


you have to assume the risk of the transaction can you trust them? can you afford to lose that money... are you aware that all transactions are recorded on the blockledger? you can keep track of that individual forever!

That is one big advantage the trust is removed my friend... if you get scammed you take that address and you follow it till the end of the universe or you find them. Yes a lot of work but if you follow the money it will lead you to a wealth of information about the individual, maybe even find their entire network, they have to buy something sometime and that will have an address.

To make a secure transaction without an intermediary would require you to be face to face, if it is done online you assume half the risk, half now half on delivery.

oh yeah you can do a triple+ signature requirement, so that the money is a little safer just using a intermediary, lets say a friend you trust who introduced you to someone they know for a purchase.

We have no choice then, we must create a financial event  to manipulate the world markets for Bitcoins sake.

a finely veiled attack against fiat and how it is used to buy drugs in murky street corners.

we could as well propagate the Money laundering risk of fiat, and how it makes it's users anonymous.

All that free floating faceless cash!

That is great news, the laws are a little different here than in the U.S. when it comes to currencies.

but that is good news, though i'm still a little concerned since we do have banks that deal with the U.S and they may have to comply with those regulations either way, so cut off bank accounts galore! Keep it secret! Keep it hidden... from the bank.

Another way of doing this would be to create a non-FreeNet site, just using a normal html website.

but we create a dynamic content filter using Meta Tags, to tag the information for sale. for example so and so has this item, they upload it to the premade page, a page of their own choosing, the search engine specialized for this simply grabs those Meta Tags provided in the pre-made page and identifies the pages items their pictures and the prices provided then dynamically aggregates all similarly tagged items or simply browse.

This would be done using YaCy the p2p search engine, the search engine finds the tags listed as the p2p bazaar and adds the items to it's lists. You basically have to download YaCy, get the pre-approved page with all the html code already done in it and run the YaCy webcrawler on your own page, boom a quick easy way to exchange and when your criteria are met, you shut down the webpage, in out good for local commerce.

the code for international commerce would require a data cache to be planted on all users, a blockchain type system that holds all the ratings for all the users, Anyone can create a new name but only the best traders will win the p2p bazaar lottery: they'll get all the sales.

No need for algorithms the people are their own judges, I'm counting on FreeNet to do the crypto for me.
Using Freenet the construction would be very straight forward, Using dynamic content to update all the data would be the beginning.

The front end of the system is like eBay

but the back end is completely dynamic, updated and swirling constantly with each submitted change, once the change is done you will need FreeNet buddies to hack the sent information from your node to a known perimeter of control. That would be like setting up a trap in a local area, but very expensive to setup if people are connecting to public peers.

Now thinking that most people will be honest, it's possible, it will be the wild west in the beginning but there will be paragons of commerce that will arise, they will be who start gaining their deserved share of the pie.

Now creating a system without the need for trust, your going to have to call Satoshi for that, cause I have no clue.



Well thinking about constructing a Trust free system using a goods exchange service would be very intense... that would be a multi-tier system of epic proportions.

It would require Encrypted Geoid locations, UTM coordinates and what not, combined with encrypted shipping services to be dispatched to the location the moment that the item is sold, This would have to be a distributed encrypted shipping service run by Gofors, each one with encrypted ids and encrypted gps systems that guide them to their destination without them knowing the location, the points of interest of the shippers would be to tag the shipments with data matrix barcodes marking it's position in the shipping process, received, in transit, delivered.

Data miners would be employed to calculate the routes that the couriers would require and the most effective route of distribution and pick-up to carry out. This task would be data intensive so would require a multi-pickup aproach by local Gofors so as to limit disclosing the buyer and seller.

Keeping the Gofors safe would require even more encryption on an open network, their locations are known and their vitals are monitored by the Data miners, the information is encrypted as it goes through the network but only the data miner assigned to the Gofor knows their location, if their is a problem they take longer than they should that information is shared with other Data Miners and a concensus reaction is reached, should they ask for an update, how are their vitals? are enforcers required to come in?

Shipping would be run by a distributed system of couriers, both legit and under the table, the miners take care of the route as long as they know the size and dimensions of their load, They take the data from local areas and monitor who is on active duty and dispatch them to do the pick-up for small shipments in a small area multiple couriers may be required and international orders would require risk assesment by the Couriers, do they want to ship the final leg on that international plane with that unknown Gofor acting as passenger?

I'm thinking big, some people may want to carry things for another person if they know the risks, jewellery? a cool little rc toy that is not available in that country? but what if it's drugs? are they willing to take that risk with a package that is undisclosed? that option would have to be given to the Gofors.

It definitely is possible using all currencies, fiat or crypto.

Everheard of Freenet? It is a distributed encrypted community, at the moment it is quite bad in there, nasty shit, but the concept is excellent.

all that has to be done is someone design a eBay like place, a classifieds directory of goods, it is encrypted and secure and like Bitcoin it is distributed and safe.

A effective design for a CryptoCurrency exchange would be to list them side by side according to price for everyone to see, buyer beware would be the motto.

Another aspect to mitigate this risk would be to allow people to rate them as they do on eBay, if someone didn't send you what you wanted then rate them and state the reasons, judge them on speed, honesty, quality, details etc. this way a ledger of key information is distributed and tamper proof because of the way FreeNet is constructed.

people with really bad reputations are not ever put at the top of the list, the only way to change this is if a member wishes to redeem themselves they must pay a one time fee back to all the people registered, This is the administration fee and will be deduced according to how far they have gone down and the price that others have paid for trusting them... the more you swindle people the more it takes for you to redeem yourself.

Didn't send those 100 dollars for that .5 bitcoins? rate them they will have a -1 to their reputation and will take .5 bitcoins to regain it...

Donations could also be accepted, incentives for the community and for the developers to keep working, the donations would be to the Devs, Community at large for using the system and groups that may be doing charity work by selling their items on the FreeNet site.


Now an effective design for goods, would be different, we need speed in our transactions so all similar items are catalogued and shown side by side with a shipping cost to your destination and a price tag.
   The addresses are never known, the system simply keeps that data at your location so no one knows where you are... hence the need for the rating system.

the system I believe should be Open just like Bitcoin, people can see the code, and even with that openness it is secure and tamper proof because it is so well built from possible years of abuse from WhiteHat Hackers and their BlackHat counterparts.

I believe an absolutely open system would work, the only side that would not be open would be the customers, users of the system. their names are up to them to reveal, their addresses as well.

Freenet is an ugly place right now, but this may change it's landscape.

The possibility of creating private auctions and sales should also be possible using the same rating system, and you are only allowed to create a private auction/sale if you have proven yourself to be worthy by your peers.

I like that idea, that would be like a public ledger for contracts so any changes made would be seen by the network, but can you imagine a contract written as a system? Programmed right into code, tamper proof from both parties and in effect observed at all times? that would definitely be interesting.

What is value? This post makes me questions it.

Is value something that is derived by general consensus or something created between two individuals with a common need? It is both, but when that general consensus is in mark contrast to a groups particular needs it can be changed just like the sea shell money of the ancient world, or barter and trade; Something of rudimentary use was converted to something of consensual value by two people, that grew into a group that grew into a region.

This has happened to Bitcoin, it is of value to two individuals independent of what others think, it depends on how easy it is to get a hold of it.

Need to move $200,000 USD to another place? you do not need the price of an exchange to tell you that, just a agreed value between two people, in a different valuation system, Bitcoin can transfer whatever the hell two individuals wish it to be.

Bitcoin was built to be indestructible, tamper proof, something of this monumental nature does not need you to agree as a whole only as two or more parties in need of a method of exchange. Bitcoin will stll be here 100 years from now, hobbled and broken after years of billions of people trying to break it, but it will still exist for what it was intended to move: value, moving it between dedicated groups with particular interests.

When the price of bitcoins goes to zero by the popular exchanges, to key groups who understand it, they will still know what it is... a secure method of exchange.

What is Bitcoin worth to you? and what can you convince others to accept for it?

People will try to break it, I will be quite entertained to see what they try. I see nothing to worry about from the governments of the world: They wish to monitor Bitcoin sure, thats is what it is there for: the greatest social experiment in history, being recorded transaction by transaction. The more they fight, the more likely they will cause a Gutenberg press problem: The more they try to illegalize it and ban it, it's intrinsic value will be seen clearly and will be distributed to where it is not: If not the world, then to the darknet it will go, untill all humanity dwells within the darkweb to get it's need since they have been blocked from all other avenues.

we have seen what has happened to Argentina, this is definitely a place to monitor. The peoples need to live will not be hindered by a government that no longer acts in it's interests, they will actively find ways to skirt the system.

The ever increasing need for those in power to find a way for their power to be absolute and the peoples need to get what they need: Has this not been the way of those Governing to those that are governed? Can this schism ever be gaped by the current systems?

the people have struck first it seems, they have created something that can get their absolute need fulfilled first, it's a pretty strong corridor this Bitcoin, they may not be able to destroy it in time, the idea is out, and who can destroy an idea from a living human being?

That is an excellent idea, VPN powered Virtual Server, multiple connections from strategic locations, excellent. Multi Coin management, This will definitly make it possible to go beyond the 500kb/block limit.

so how far have you been able to implement it?

Don't worry, Citizen.

this reaction is fully within their limitations, the governments are minding their interest; Controlling underworld thugs, that is why they turned it into a regulation instead of a law.  

we have nothing to worry about from the regulators... we do have to worry about the corporate interests though. The U.S has the greatest business sector in the world, they know that Bitcoin will bring more cash to their coffers. The regulations are meant for that, they've taken good care of their business sector and know that all those taxes world wide are coming their way; Taxation by business location.

The corporate interests know they have met their David, Goliath thinks they can kill it, but David's got a plan.

with 1 exaflop of computing power, the toughest encryption network ever devised, a dedicated grass roots base and the greatest workforce ever assembled, there is no chance for a direct attack, they'll be attacking the periphery.

agreed, we already have the technology to make a p2p exchange.

setup a Filezilla(ftp server) server and sell your items from home, use YaCy(p2p search engine). upload your directory to YaCy and boom your in business.

now if you need anonymity you'll need to run FreeNet and setup a page.

depends how busy the network is for sure, no fees equals no confirmation into blockchain till tomorrow or the day after, depending on how much demand there is, if your lucky there will be a block chain with only 26kb of transactions, and you'll be included on the spot.  anything under 27kb/blockchain is free. but you got to be lucky and those blocks only happen during late nights,

http://blockchain.info/charts/avg-confirmation-time

this will give you an idea of how long... the network is really powerful right now so it should be cleared within 24 hours.

and don't forget it takes at least 6 block confirmations before you can spend your coins, so once it's in you'll need to wait an additional 60 minutes.

http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

so reading the guidelines. it is clear to me, that we do not have to worry.

Relax everybody, they just want to catch the people buying large quantities of World of Warcraft Gold, or Bitcoins.

They clearly made it into a regulation instead of a law, because they want casual people to use it for what it's intended for, buying stuff at your favourite merchant or buying virtual items...

they do not like people using it to launder money, from one location to another, the only way to do that is to exchange those bitcoins into cash, effectively your cash has just been cleaned, new cash new serial numbers to track.

though Bitcoin is a very bad option for that... the BlockChain ledger.

and don't forget the Guidelines apply to Fiat Currencies too... so if your exchanging money... they want to talk to you about your activities.

so your Golden, they want you to register, they want exchanges to comply, use virtual currencies freely, but please let us make sure you are legit, buy whatever you want, it's not illegal, exchange your currency, if they want to be dicks later, just don't do crazy 10,000 USD transactions.

could be dangerous, what if you live in china?  I like the idea, but I don't like the idea of hostile groups knowing where all the Bitcoin users are... we are entering into interesting times with Bitcoin.

maybe the geotracking feature should be left out, and simply focus on group association.

I'm thinking more along the lines of a Bitcointalk facelift.