1) 7 mil premined with out tax is premined by using the premining person's electricity, which is paid for by preminer's fiat moneys

2) The pseudo-tax system relies on electricity not paid for by CH's fiat moneys to generate the blocks the part of which contributes to "Sovereign Bonds" protecshun scheme.

No matter what clever verbiage and accounting metaphors one uses, it is essentially mining your coins on other people's hardware and electricity.

3) 7 Mils occupy 1 block in the chain. Protecshun scheme cuts itself a happy transaction in every single block, forever.

4) Relative hypothetical influence of 7 mil Superfund will slowly fade away as coinbase grows, assuming no spending at all

Relative hypothetical influence of "protecshun scheme" fund  remains static relative to overall base (since it is a fixed cut out of every miner at every block), assuming no spending at all

Tell what you want about CH, but you have to admit that there is a lot of difference (I especially like the "remains static in relation to coin mass, forever" part, but the "coins are generated by other people and given to CH" is nice too. Cuts down on electricity bill. CH's electricity bill.)

Unlike the "Sovereign bonds" mined with other people's electricity, which are certainly not being kept to oneself  (that is, aren't under control of a single person)  amrite? There is a crypto-secure voting of all the miners in place, like a kind of democratic internet state, amrite ?

Nope, just a "coinage Superfund" not unlike mine, only mined on other people's hardware and scaling up as amount of miners grows (and as necessity for further "protecshun expenditures" diminishes). Of all the people, you, as a "sovereign bond intertube pseudo-state" supporter, should refrain from throwing stones (or bricks) due to your glass house being exceptionally thin



Do you claim existence of magical action at a distance ?

 

Yawn.

Issue is settled in a democratic way and a significant portion of fund will be used to feed a Faucet service to alleviate first-adopter issue.

Also, mr. Laundry man, markets deal only with entities involved in economic activity, not entities in existence, so as long as I do not sell off, whether I have a million or a billion coinsez is absolutely irrelevant as far as the overall market behavior is concerned (Unless you believe markets to be optimum-decision magical unicorns, in which case we should see severe price declines in Veblen goods which are subject to strong cartel effects (or perhaps even nonexistence of such a category as Veblen goods altogether). Which we do not see. So much for unicorns )

Besides, at the very least my humble fund was created by my very own electricity, while a certain other coin is intended to give its creator a Superfund of dramatic proportions while not even having him mine a single block

While the ethics of my design decision are of course open to debate, the alternative design, which you seem to support, is going to be even less fair and far more, might I say, inhumane and bizarre.

I assume you expect everyone to take an anonymous attorney-at-lol's word for it ?  


I like that "might" of yours, and an interesting "what if?" scenario (in the same way that "younderboy might be a lawyer since no laws of physics prohibit such a weird circumstance" is an interesting hypothetical )


Again, I assume you expect everyone to take an anonymous attorney-at-lol's word for it ?  

Also, exactly same (lack of) logic that you seem to apply to Cryptocoins applies to WoW gold, and WoW gold "laundry" would be easier to prosecute.

So do give me a PM when they get arrests, or better yet, convictions in the US for cases of "world of warcraft" not-really-money laundering.


Oh, I am indeed broken by your astute and in-depth assessment of relative merits of sneaking out an unspecified amount of coins from an addy everyone knows about without getting NOTICED (as opposed to "caught irl")

I see you are not only a powerful e-lawyer, but also a computer crime e-xpert.

You are DaVinci of our times, dude

Here-here



Which sort of strongly implies that you will tweet your e-lawyering fo' free

Okay, could you also throw some fancy pattern-based captcha on top of it to discourage the new High-perfomance OCR bots, just in case there is a herder with large amount of IPs/GoogleAccs ?

If yes, then deal is done, and as soon as the linux daemon stops being a pissy bitch, we shall launch the faucet.

Would everyone gathered herein consider a donation of 1.5 mils to the faucet sufficient to consider the issue closed ?

Antique postage stamps would make decent money, very deflationary too, and quite a chore to counterfeit. And they have a proper formal issuer (usually, at least)

In fact, antique stamps are a huge market


Ha ha ha haha ha ha ha ha

US Fed reserve is not a governmental organization proper, IIRC.

Try again.


Per definition I use, "proper" money must have a formal issuer, which is true for WoW gold but not for cryptocurrencies. Cryptocurrencies are   abstractions formed by exotic math and more akin to distributed database service than anything else. The BTC specifically is also a bit like antique postage stamps (finite amount, incounterfeitable, amount is bound to decrease)

But REALLY be "proper money", something has to be recognized as legal tender and have a "guaranteed" value (which e-gold did) at least in some country, however shitty and remote it might be.

Money laundering X-coins is thus at most, a metaphor, since they are not legal tender and have neither a formal issuer nor any guaranteed value, and are best described as an exotic "mathematical memorabilia" built upon a complicated distributed database service.


Last time I checked, block explorers do not have a capacity to "forget x coins here and there".


I see you are still waxing poetic.

Please show me the tweet link, mister e-lawyer

How much would be "not" too ridiculous ? We could, you know, arrange for a publicly monitored Tenebrix faucet (ala bitcoin faucet) and I could donate the "extra" part to it, leaving myself with the not too ridiculous part for bounties and stuffs (my humble TBX laundry side project would likely die then, alas   )


Incidentally, this would allow latecomers to get some TBX to get a feel for them.

I wonder if  the Bitcoinfaucet code is open...

P.S.:

A faucet with 1-2 million TBX milking out 2-4 units per a Google account login could keep trucking for looooooong...

He seems to be an attorney at lol.

Attorney at lol is not a religion per se, but it might be considered a spiritual state akin to meditation

Care to actually support that argument ?

What is "proper" money and how is it different from improper ?

I can store value in WoW gold, convert them to other forms of value storage, barter and trade with them... looks like monies to me.



I would if I could, but I'm Belorussian and WoW is a mite problematic from here, besides, there already are sophisticated WoW-centric money laundries, and competition would be tough.


Quite frankly, bullshit since I won't be able to sell them off.

Of course, if their value goes to 0.01 btc AND actual governments start accepting Tenebrix as legal tender (lol), things will change  

P.S.:

Where is the link to your tweet ?

Awesome!

Do provide link here so I can put it on the website in some section or other


Nah, with people like you I don't even need to post bounties. Enough of you (allegedly) American attorneys-at-lol e-lawyering poetically about woeful nature of my humble projects and exact cases that allegedly might be relevant, and I will have all the PR I could ever need, for 0 GG/TBX/BTC/USD/JPY  

P.S.:
Having said that, how did those year-and-something old WoW-gold money laundering cases go, any arrests so far ;-P ? (do note that WoW gold has more in common with "proper money" than Tenebrix or Bitcoin or any other "cryptocurrency" of this general type)

P.P.S.:

All I intend to do, essentially, is exchange old, worn "postage stamps"  for new ones I happened to get from a factory early on before it closed its doors to me and became public property  ,  and a small fee in the form of a few extra stamps  .

Whether that makes all the owners of all the postage stamps manufactured by the same factory conspirators, is, quite frankly, not up to internet-based attorneys at lol to decide 

Pool is working out remarkably well for me ^__^ what about you guys ?

=
Not too difficult, but earlier pools is better.



Like I said in the #Tenebrix channel, that could only be true if Strong Efficient Market Hypothesis held true for coin-trading, which is simply not true (otherwise, speculators should  not have even entered the Bitcoin trading due to apparent presence of large stashes of "unmoving bitcoins" with unknown number of owners, which pose a pretty much unpredictable risk)

Valuation has nothing to do with "cryptocoins in existence", only with "cryptocoins actually participating in economic activities" (and how much of superfund went where and when is absurdly trivial to check for anyone with as much as 10 seconds of free time, as soon as block explorer comes alive)


When I finish making the Tenebrix daemon needed for exchange and pool to take off, I might even make a Ten0brix (I like ten0brix more than t0brix, TBH) myself so that people believing in SEMH may have a fun day.

Assuming Solidcoin 2.0 actually has a good PoW and will go really opensource with it, I might also bother to make a Flaccidcoin 0-2 (that is, solidcoin with "ever-expanding amount of sovereign bonds" protecshun racket scheme expunged ), for sheer fun of it.


Oh, how ridiculous is too ridiculous is an endless argument, that's why I gave up on trying to come up with a different number. Would 4 mils be better ? By what kind of logic, assuming I never sell off the majority of it (trivial to check) ?

Well, yes, but there be a lot of folks mining already, and we're still somewhat in the "too fast" dept.

Worry not tho, a pool is incoming.

Geist Geld has a pool as of now https://bitcointalk.org/index.php?topic=42417.msg548379#msg548379

Fully opesource as usual

Just sayn'

"difficulty" : 0.01562500,

Which means I really need to work harder on crafting together a pool-friendly *nix daemon for Tenebrix, lol.

Hello everybody!

Simplecoin is now running a public beta of Geist pooling

http://simplecoin.us/stats.php

Sign up at http://simplecoin.us/register.php

Discuss in main thread.

Over and out.

 

ATTENTION FELLOW BRAVE GEIST GELD USERS!

The Simplecoin opensource pool has now opened a public beta of Geist Geld support.

http://simplecoin.us/stats.php

While their frontpage has not yet introduced references to GG, you can plainly see GG blockrate in the statistics graph (Link above) so join the fun and fire away.

Be advised that typical solo cgminer settings ( -s 1 -Q 0 ) are NOT effective with pools, and that part of this public beta's intent is to determine optimum miner soft tweaks for such a fast blockrate.

Obviously, longpoll is pretty much a must.

Having said that, join and let's try out this thing.

I know next to nothing about biology, but I might contribute.

I will contribute with TBX I mined, not the fun-d ones, as fun-d is intended for more project-related activities.


Oh don't worry, the daemon is coming.

 

In terms of anonymizing the end-user, it would operate not unlike your average run of the mill laundry service operates, with the apparent difference that getting your own coins/other coins with recent "questionable" history is impossible because you are getting coins from the "big buffer" (all the units submitted  are retained long-term for forming the replacement "buffer" to which system switches over when the old ones dries up, said retaining being of course observable in the chain, just as the payouts are. Detecting which of the payouts is "Lolcust comission" and which is actually washed monies is problematic.

Linking addys with end users and/or good old me can be more or less problematic depending on circumstances, but protection offered is higher than that of a "typical" bitcoin coin mixing service (and will only grow stronger if the clients also run through an exchange on their way in and/or way out)

Oh by the way, by proving a way to carry out bitcoin mixing with less mixing hops being stuffed into the   bitcoin chain (BTC - > TBX/GEG/BTC exchange - > Historical Coin Exchange Service (with appropriately large number of transactions to different addresses, as Bitcoin Mixers do nowadays) - > a different TBX/GEG/BTC exchange - > BTC) I reduce the load on "bitcoin proper" thus benefiting Bitcoin

That is profoundly hilarious, and I want this thing on twitter. Let me see if I can suppress human decency long enough to actually post a bounty on retweeting this ^__^


Why, we shall see.

What you have is a "civility" issue.

While I do disagree with that racket tax sovereign bond scheme of a "protection phun-d" you have going (a scheme which ensures that your phun-d, all other things being equal and assuming no spending spree on your part, will remain proportional to the overall "size" of "sovereignconomy", unlike my humble little fun-d that is doomed to shrink in its relative size under same assumptions   ) and take a potshot at it every now and then, I do not actually claim that you intend to cash out that phun-d

To make such a claim would be unfair as I cannot read your mind, much like you cannot read mine.
 

With all due respect mister CoinHunter, explicitly claiming  that I am some kind of "leader" is perhaps the most silly thing to be claimed in this thread, and perhaps this entire forum.

Hm, maybe I should change my avatar to this:




You mean, start paying people for spamming Twitter ?

I feel bad about spamming Twitter

Ha ha ha haha.

Boy, this is absolutely hillarious. Could you please post this to Twitter or something ? (I can't pwomise a bounty, tho :-P )

Just to inform you guys that me and the  exchange (which shall not yet be named) have  concluded  preliminary testing and everything on their side appears running as a clock.

Expect announcement of exact time and date of trade opening in under 36 hours

Now, I go get some sleep...

The way out is quite obvious - brazenly claim being Satoshi.

See? My genius proves itself yet agai...oh, snap...