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Addresses are supposed to be single-use payment codes.
The only reason people think of them as being permanent is because of irresponsible wallet developers.
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Open source or not, core devs do not answer to you and they may answer to others. I, for one, think there is too much centralization around bitcoin's development.
So stop using their software. There are viable alternatives. |
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Most Bitcoin newbie ask this question:
Why is BITCOIN more expensive than other cryptocurrency?
Bitcoin was the first in the market, that's why you are starting to see a lot of fortune 500 companies starting to support Bitcoin.
Sure, once in a while, they'll throw money around on the table to support other cryptocurrency coins.
http://themisescircle.org/blog/2013/08/22/the-problem-with-altcoins/ |
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If you create a new public address and somebody sends bitcoin to it, there is NO WAY for anybody to determine who owns that. Could be anybody in the world.
If you SEND bitcoin from an address, you are more easily tracked down as which nodes received the transaction first. It still would be very difficult to find the exact IP address it originated from.
Am I wrong and if so how?
If you never reuse addresses, and if you never create transactions with multiple inputs, and if you are careful about making change addresses difficult to distinguish from your spends, and if you take proper precautions at the network layer, then you're difficult to track. |
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Also, early users of Dark Wallet will not know for certain if they are completely secure. I'm certainly not convinced about CoinJoin. It clearly works in the case where everybody is joining the exact same amount - but nobody uses that way. |
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Perhaps Andressen is not aware of how effective and secure Dark Wallet is supposed to be....?
Perhaps Andressen is personally funding startups that will do everything they can to datamine the blockchain, and believes the resources they have at their disposal will defeat anything Dark Wallet can do. Maybe Andressen has reason to believe that they can block any changes to Bitcoin that would make data mining less effective by having an understanding with key developers. |
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Still i think he must be some kind of nutcase to want to LIMIT money supply. Then what are you doing on a Bitcoin forum? |
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Atlas, I miss that kid... where is he? Living on his private island?
I'm very disappointmed. I moved to Austin last fall and I've never seen Atlas even once. |
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So BTC is going up on pretty low volume currently. That may or may not be true. Not all the trading goes on at the exchanges, but that's the only volume that's visible to us. There is a very large OTC market, which includes much of the payment processor volumes. |
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The BF's power comes largely through it's stewardship-by-proxy of the Bitcoin-Core code base. If people want to negate this, the options are clear: produce a new, better code base which becomes the de facto client.
Heck, fork the Bitcoin-Core code, rebrand it, call it Open-Bitcoin and start developing it. Someone already did, except instead of forking they just rewrite it from scratch and ended up with a superior code base by doing so. https://github.com/conformal/btcd |
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In Gavin's last presentation he stresses the need for at least 3 implementations that interact with the same bitcoin blockchain. Gavin is fond of saying that in interviews and at conferences, because that's what people want to hear. Meanwhile, on GitHub, Bitcoin Core developers do everything they can to stonewall the kinds of changes that are needed to create a clear and well defined protocol that alternate implementations need: https://github.com/bitcoin/bitcoin/pull/3982Insert a comment here regarding the relative volume of actions vs words. |
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I like Bitcoin and, as you know, got into it very early on. I've made a fat stack of cash on it selling most at over $700. I've always liked the concept of Bitcoin and the freedom it can give to the little guy but I'm having second thoughts about continuing to support it. Every time one of these connections between Bitcoin and underworld activities (murder, SR drug sales, wide scale theft, illegal sexual deviance, illegal gambling, racketeering, online sex for hire) happens I think we may have all been fooled. Bitcoin is the perfect place to get rich quick but you may have to cross a few lines to do it. I don't know that wealth at all costs is worth losing your soul. Let's be honest for a moment. Where are you going to put your savings that is cleaner than Bitcoin? Are you going to hold USD, and support invasions, genocide, inter-generational theft, drone murders, and police brutality, and call that better than holding Bitcoin? |
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Of course with that said, Gavin may be the only one left  . You are setting yourself up to be disappointed, IMHO. |
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Please don't hijack this thread and the topic -
Re: How to get BTC Foundation out of Bitcoin development?
Thank You.
Easy: promote and use alternatives to all the software they develop. It's entirely possible for the community to fire all the developers of Bitcoin Core (paid by Bitcoin Foundation or not) just by not using it. Don't worry - Bitcoin will won't go away even if Satoshi's client is no longer being used. |
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It's the harbor of thieves and drug dealers That's why it will succeed. |
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Bitmessage claim to be a Secure messaging system better than emails https://bitmessage.org/wiki/Main_PageHas anybody review its source code to find out any flaws? Need full review from computer experts world wide. It definitely does, which is why you should not use it for anything serious right now. Bitmessage can't be any worse than standard email. Even without a security audit you can use it anywhere you'd use email. |
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The problem is that 99.9999% of the people who receive remittances with bitcoin are going to trade it immediately for their own country's currency. This is only a problem if the investment demand for bitcoins in the recipient country is low. Right now the effective cost of sending bitcoins from the US to Argentina is negative, because you can sell bitcoins for ARS at a premium. |
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