Yes, government will try to kill Bitcoin.

That's how we'll know Bitcoin is worthwhile and effective.

Bitcoin is not a religion - it is an insurrection.

Bitcoin's job is to make governments impossible to fund themselves - if you're a public sector employee then all of us in Bitcoin are working to imperil your paycheck and pension.

Whoever Satoshi is, he's human with all the quirks and flaws that implies.

It means he has good days and bad days, good ideas and bad ones.

He wouldn't live up to the mythology that's grown around his identity over the last few years.

Since I don't have time to write a proper article, I'll just leave this here:

There's a very good reason why Bitcoin as a low transaction rate/high fee network model (the gold model) is not a desirable - it makes Bitcoin critics right about the downsides of the wealth distribution.

The outsized mining rewards from the early years of Bitcoin shouldn't matter, because in a free market the initial distribution of property will correct itself given enough time. The people who can make the most productive use of an asset will tend to gain it from the people who can not. The early adopters get to spend their outsized rewards once, and then the bitcoins will move to someone more deserving of them (based on current economic productivity).

This is the Coase theorem:

http://en.wikipedia.org/wiki/Coase_theorem

The Coase theorem, however, does have a could of important preconditions: low transaction costs and an absence of ongoing external interference in the market.

The first precondition is the important one here.

If Bitcoin's transaction rate remains artificially capped, then the conditions of the Coase theorem will not be satisfied. Most economic activity will be in Bitcoin derivatives instead of in Bitcoins themselves, and so all the scams and frauds the world's present ruling class uses to maintain their power will be available to the new Bitcoin ruling class.

Exactly what's not supposed to happen.

With the current crop of exchanges, you've always got to wonder if the sellers actually have the coins they are selling.

Bitcore PoC: https://github.com/ryanxcharles/bitcore2/blob/master/lib/expmt/stealthmessage.js

Krugman serves the ruling class who derive their wealth and lifestyle from their ability to be the first spenders of newly-printed money.

Of course he's never going to acknowledge that Bitcoin's limited supply is what makes it superior - his job is to help keep the hoi polloi ignorant of how they are being robbed.

The job of an economist is to cloak theft in the mantle of science to reduce the cost of keeping the masses compliant.

Also: most of the "average" doesn't matter.

The under-30 generation is who decided the future, and they don't look eager to work their ass off to pay off the debts of their ancestors.

If the Millennials opt out of welfare-warfare state system...

First world problem, mostly.

There are about 7 billion people in the world, and the vast majority of them do care.

Those who don't care will learn their lesson soon enough.

The most interesting part of Bitcoin is that it's the best form of money yet invented by humanity, because it finally neutralizes the printing press.

Programmability, fast transactions, low fees - they are all just secondary benefits.

Freedom from government-managed money is what makes Bitcoin important.

There are public sector employees/contractors who get paid to do that to forums.

What's confusing me is why people are freaking out about the bitcoin-security list being public right now.

I suppose we'll find out eventually, because if there is something interesting in there it will be brought to light by somebody.

Why would you assume that?

No obviously-fake signed messages from his key have been spotted AFAIK.

I hope Satoshi doesn't have commit access to the Bitcoin repository on GitHub, because if his Sourceforge account is compromised then any GitHub account belonging to his gmx.com account would be the next logical target.

Indeed. As I said, I don't think the attempts will be successful, but I also don't think people should underestimate the amount of damage that will be incurred by those attempts.

After all, Hollywood and the recording industry lost the filesharing wars years ago, but they're still causing problems every now and then.

Yes, if they all do just that.

Hopefully there's enough of them who can't be bought out.

I think it is too late for them to be successful at this, but I'm convinced they will make the attempt.

PayPal et al. can throw a lot of resources at UX and advertising (propaganda) designed to keep people from taking physical custody.

They can also get help with this from the IRS and other government agencies. We might see a situation where anyone who takes physical custody of their coins will be subject to merciless and endless legal harassment.

You could let Armory download blocks from the node it connects to as a peer instead of requiring direct file access to the blockchain so that we aren't limited to using Armory with Bitcoin Core.

I'm not sure what happened there.

Best we can tell we had a slow connection to Google, so the quality was reduced.

Next time we'll have better lighting and also keep a local recording of the audio.