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1  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: September 09, 2014, 05:40:37 AM
You are picking arbitrary dates.  You are picking your www date as "launched to the public-at-large" but picking your Bitcoin date from the genesis block.  A equally valid start date for www would be: "In 1989, while working at CERN, Tim Berners-Lee invented a network-based implementation of the hypertext concept. By releasing his invention to public use, he ensured the technology would become widespread.", or even Gopher or the creation of arpa-net itself.

Mosaic was when the WWW client was available to the public-at-large.

The Bitcoin client was available to the public-at-large in 2010. I read an article about it in 2010. News spreads much faster now than it did before the internet.

Your supposed experience caused you to completely miss the Bitcoin bull market of 2012/2013 IIRC so your crystal-ball has exactly zero credibility

This is well explained by nearly dying in May 2012. But it is irrelevant because I am not claiming authority to support my point. You can ignore the facts at your own peril; what you think doesn't impact on me.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it possible to destroy Monero (XMR)? on: September 09, 2014, 05:26:41 AM
Quote
Bitcoin will not become the unit-of-account without the blessing of the government, because it has no distribution scale
Bitcoin is the tech that allows a knew form of "government" in a decentralized way...

My statement holds, because Bitcoin (and Monero and all the others) are not decentralized. Adoption for use as a currency (without being an investor) is almost non-existent.

The idea (PoW) was noble and idealistic, but the overall design sucks.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it possible to destroy Monero (XMR)? on: September 09, 2014, 05:19:11 AM
communism doesn't work.

Look up the definition of communism—common ownership of the means of production—then re-read what I wrote about knowledge producers autonomously owning their work inherently and can't be financed. I will not reply again as you (and any others who) continue to make idiotic posts.

Edit: dga did not do the PoW work on Cryptonote for free. He made himself $150,000 for a week of work. He did not share his mining secrets.
4  Bitcoin / Bitcoin Discussion / Re: satoshin@gmx.com is compromised on: September 09, 2014, 05:05:43 AM
The Satoshi hacker is giving a warning to the powers-that-be such as Paypal.

More details at the quoted post.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it possible to destroy Monero (XMR)? on: September 09, 2014, 04:36:29 AM
This is too important to not make 100% clear.

The devs need to do their job, they don't have time for the economy, and they are not competent in it (also whales often suck at coding, like me).

I for example am competent at both. You were just lucky that I had been too sick to code.

Whales are the wealthy and well-connected businessmen that make things happen.

They were wealthy, and put the required BTC200 and now own Monero. If you are dev-rich, you don't have other wealth and are not a "whale".

Your model of the hackerdom, crypto-currency, the knowledge age, the future, and investing in decentralized technology is fundamental flawed.

Precisely Bitcoin and Monero are rich boy clubs and this is why they are going no where. It doesn't matter if Paypal accepts Bitcoin because users who are not investors (e.g. especially females and the billions of impoverished) have no incentive to convert from their unit-of-account (dollars) to BTC just to pay for something. They might as well just fund their Paypal transactions with their credit card or bank account. Bitcoin will not become the unit-of-account without the blessing of the government, because it has no distribution scale. Bitcoin and Monero are driven by investors, not by users. They are investment pumps, not currencies. Perhaps all of the crypto-currencies to date have been investment pumps. Perhaps BBR and James are experimenting to create features and try to discover what will drive user adoption. I am not saying they will succeed, because I am not following their work.

Lazy capital that wants to smoke a cigar while instructing the busy-bee worker devs doesn't build a damn thing. Here follows my canonical references. Ignore them at your peril. This is will be my final warning. I am doing this as a service to you and to try to earn the donation you made to me. A true friend is one who speaks up when he thinks you are wrong.

http://esr.ibiblio.org/?p=3514 (Those who can’t build, talk— Eric Raymond, the creator of open source)

http://www.coolpage.com/commentary/economic/shelby/Demise%20of%20Finance,%20Rise%20of%20Knowledge.html#FinanceabilityofKnowledge (2010)

Quote from: shelby
Financeability of Knowledge

As explained in the “Economy of Knowledge” and “Energy of Knowledge” sections, knowledge doesn't exist now if it isn't dynamically adaptable in the future. The only systems in nature which can do this, are those that are composed of autonomous agents without top-down control, e.g. ant colonies, the neurons and synapses of the human brain, free markets, and unregulated social networks.

Due to aggregating and concentrating capital via an interest rate, as opposed to dispersing and scattering capital, finance mathematically must over time reduce the quantity of autonomous decisions (at least decisions about who receives funding to produce). Thus if financing were the predominant long-term trend, knowledge could not be.

The more potential energy in the knowledge capital, the more priceless it is sell its future. There are knowledge producers such as the creator of the open-source software movement, who absolutely refuse to work at any price where they don't have sufficient ownership of their knowledge, so as to prevent limitations of its potential future use. Due to the transactional cost Theory of the Firm which provides for the economic existence of the corporation, corporate capital accumulates by defending or increasing the transactional cost between otherwise autonomous knowledge producing actors. Thus increasing corporate control of knowledge is the antithesis of increasing knowledge. Knowledge can only increase by increasing the autonomy of the knowledge producing actors. This tension is depicted graphically.

Thus, finance and corporations are inherently ownership centralization paradigms. Whereas, knowledge ownership can not be centralized without destroying it.

For example, if a corporation purchased a huge library of software modules or books, written by different authors, the managers could create nothing with this without the authors (or others) who are knowledgeable of these modules or books. If these authors were not already organically interacting, then they would not be able to at any price, unless there was interoperability knowledge potential enumerated by some knowledgeable person(s). Thus always the knowledge is owned by the knowledge producers. When a knowledge producer is gone, the knowledge previously produced is destroyed, if it was not adopted by another sufficiently knowledgeable producer.

The Inverse Commons explains that unlike sharing of hard resources, the sharing of knowledge increases the value of the shared knowledge. Current knowledge becomes more valuable as it gains more future potential uses, and only autonomous knowledge actors can maximize diverse use cases of interoperability.

Software has minimal financing requirements, e.g. one or two humans with computers can write software that launches a $millions start-up. I did this once or twice by myself with no employees (e.g. CoolPage.com by 2001 if in Shadowstats inflation-adjusted dollars).

http://unheresy.com/Information%20Is%20Alive.html#Algorithm_!=_Entropy (2013)


P.S. I am grateful to see the AnonyMint account is indeed inaccessible. Thank you to theymos.


Edit: I am reading the pulse of the community-at-large and I think you are Monero's worst enemy. You should recuse yourself from writing about it, because your model (world view) is the antithesis of open source, community development, and decentralization. Perhaps this is why the hacker attacks against Monero have been so expert. You are insulting the hackers. Big mistake. They are now very motivated to prove you wrong. They will come out of the woodwork like unending worms if you persist with this feudal-era (Dark Age), aristocrat model of the future with Monero knights. There is a lot of work to do on the Cryptonote code base, so you need to show your respect for developers, not insult them. We don't work for a King and his court!

The Satoshi hacker is giving a warning to the powers-that-be such as Paypal.

Note I am not that hacker.
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