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I don't know if I'm in favor of this. The whole idea of bitcoin is growth and these guys are growing.
If we're going to prevent a legit business from operating, we might as well start tainting coins and implementing Mike Hearn's fancy pro-govt security features into the protocol...
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One way or another all coins will have been tumbled in the future if people actually continue to use bitcoin for transactions.
What then?
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I would like to extend a hefty "Fuck you" to Peter Todd.
This is a market failure plain and simple, not a Bitcoin failure.
Then why does Bitcoin allow such a market condition in the first place? Because Bitcoin is a decentralized free market product. GHash.io was not here at the beginning. They come up to here with their credentials. Its the job of the competitors to fight with them. Bitcoin has nothing to do with that.Except for allowing GHash to do what it's doing right now. Agree on the rest though. |
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I would like to extend a hefty "Fuck you" to Peter Todd.
This is a market failure plain and simple, not a Bitcoin failure.
Then why does Bitcoin allow such a market condition in the first place? |
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But seriously though. The whole point of having an open source, peer to peer distributed monetary system with a public ledger is so we don't need to trust any single entity. Ghash.IO undermines the fundamental concept of why Bitcoin was created in the first place. Satoshi would be turning in his grave right now. May her soul rest in peace.  Well, maybe this monetary system is not as great as we all think. Ghash is playing entirely within the parameters allowed by the system. |
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Let the miners decide where they want to mine.
I understand the concerns and I have my own but interference is not good.
Interference is worse than regulation.
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You're 5, I can change your diaper but I doubt you have much use for a bitcoin wallet.
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You seem to assume that all of humanity will be forced to use the blockchain. I'm not so sure about that.
Moreover, you can't subject me to any form of digital oppression if I'm offline.
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So how exactly does crypto stop wars?
That's not the dumbest thing I've heard on here but it ranks pretty high up there.
Governments don't have a monopoly on war.
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I dont think theres any problem with bitcoin at all. Thats what makes it so great.
The current problem might be that it's directly associated to drug/weapon trade in the eyes of the Common Joe. Well the Common Joe have loads of reasons to move away from bitcoins. Mostly with information they got from the newspapers and newsstations. Drugs and weapons Criminals Hackers Nerds that's what most common people relate to when they hear bitcoins So we should solve the problems ahead of us. And you can apply all these to cashmoney as well. Shame people are so ignorant. Of course it can be applied to real money, that's what's so silly. But headlines about the devil currency sell more copies than "The currency of the future?" Well, you can apply a lot of the negatives of a HORSE to CARS in the same way but the advantages of a car outweigh the negatives. You have to convince the common joe that bitcoin is the car and money is the horse. The advantage of bitcoin over money is the limited supply. Is that enough? Every time someone points out something wrong with bitcoin, the first line of defense is - fiat has the same problem. Well, if bitcoin has the same problems as fiat then why bother? Instead of repeating the same thing over and over like a broken record, you all should push the advantages of bitcoin and see if that is really what the common joes want. |
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What's the ratio, between all bitcoin holders, of those who see the value in the service and those looking to make a profit off the unwashed masses?
I wonder how it compares to the same ratio among fiat holders.
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I can do better for you. I'll guarantee you Bitcoins at today's price 5 years from now with no fees.
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If coins held by Satoshi is destroyed/denied my democracy called Bitcoin. I'm sure, everybody gains. And every rational human being tries to maximize profits. So why aren't they denying his fortune which in fact is no use( Of if it is used in future, it would only cause instability to Bitcoin economy) Why not people are working on it? Is Bitcoin truly democratic?  Genius like him are never into money. What good is money for him?.  Because it belongs to him. If we start working to deny people their coins we destroy the currency. Pretty much this. This reply to the OP sums it up perfectly in a single sentence. What advantage would bitcoin have above FIAT money if a group of people, no matter who they are, could deny you your money. Does that sound fair to you? Bitcoin is truly democratic because I can't use a law set by a central authority to mess with what you own. No matter how you arned it. Absolute and total neutrality, this is what makes bitcoin special (along with the other innovations. You can use it in whatever way you like, but it's up to others to decide whether they should trust you or not. Relevant video: Andreas Antonopoulos on Bitcoin Neutrality Are you sure? Is it not possible for you to convince the majority of the network to fork and destroy, for example, my coins if you wanted to? Is the network itself not a central authority? |
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If Satoshi did not intend to spend his fortune, he would have destroyed it.
Otherwise, it's reasonable to assume that he intends to spend it in the future...
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It will be dominated by evil, greedy corporations though.
Only time will tell which type of dominiation is worse for me, the consumer.
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I don't find pointing my phone at a QR code and hitting the send button particularly hard... But that's just me...
I don't find sending bitcoins from a phone particularly secure. |
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Miners this and miners that.... And who owns the majority of the hashing power? The evil corporations or the guy with 2 pathetic usb miners in his basement? If you want voting power, you buy it. If you want the control of bitcoin, you buy it.
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Mt. Gox creator?? Yeah, no thanks. You stay far, far away from bitcoin.
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Legally speaking, it is not possible to force someone to send back Bitcoins (assuming you are able to determine who controls the recipient key). Am I right?
Personally, I would be careful about using lawyers and such and you definitely don't want to start your communications with a threat.
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It's neither shocking or depressing.
The faster we inflate the value, the sooner I can retire. There's no shame in this game.
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