Truth is as strong as Titanium. 
Some parts of what he said make sense. If we really want to promote decentralized currencies and not just for profit, we'll be all ok for another altcoin to go mainstream instead of MUST BE BITCOIN hurr durr
The only reason we are promoting just bitcoins is it already had enough traction and we don't want to flood the average joe's mind with thousands of different copycats cryptos.
So if another cryptocurrency's rise is the death of bitcoin, it is still actually still a good news in the big picture.
+1. Good to see not everyone is dumb.
Actually we don't need that altcoin to kill Bitcoin. I believe the
Fourth Branch of government created Bitcoin, and they will make it mainstream by regulating it then allowing it to be legal tender so no more taxes on using it. That is good even for an altcoin which the government hates, because expands our ecosystem.
So what I see is a better altcoin that is #2, but better for all of us idealists who understand where we are headed 10 - 20 years hence. The masses will follow us into this altcoin later, after they get totally fucked over by the government as socialism implodes. For now the masses still trust the government, otherwise the $223 trillion global fractional reserves (i.e. debt) and $1000 trillion of derivatives would have imploded already.
Decentralized exchange won't help you. Because your IP address is still visible to the government, and Tor+VPN can't help you.
Documents released by, and interviews with, Ed Snowden strongly imply that Tor and/or VPNs can, in fact, help quite a bit.
Anonymint please stop polluting other peoples threads.
And yes Tor
CAN help you if you know how to use it
I am not polluting. I responding on Buffet's point as to why Bitcoin can not become a unit-of-account (unless it becomes the new digital fiat legal tender).
Tor and VPNs can not be proven to anonymous when you use them. You might get lucky, you might not.
And besides, most are not using them, thus diluting the percentage of those who use them (5%?) by the percentage that you get lucky (80%?), means some very small percent (0.05 x 0.8 = 4%?) of Bitcoin users are anonymous w.r.t. to IP address.
And that is only IP address. You still have to mix your coins so they can't be traced on the public ledger block chain.
Problem is all mixers have the same problem as VPNs, in that you can't prove the people running them aren't revealing your identity (NSA gag order can be applied to them) or that their servers aren't backdoored.
And mixers are only a small percent of users, so thus the anonymity set is very limited.
So all of this means that the government can find 95+% of the users to attack them with taxation and criminal liability for all activity on the coin history. Because how can you prove you didn't mine the coin and sell it to yourself multiple times unless you have the identities of who you bought from and sold to?
Come on morons, you haven't thought this out.
You remind me of a Rottweiler. Very vicious in protecting his master, but not very smart.
My MO is very simple. I believe in decentralized crypto-currency. I am grateful Bitcoin exists and will promote it as such.
I am realistic about the flaws in Bitcoin. And I expect an altcoin to fix those issues. And then I expect the two things to coexist and we will profit from it.
You can go chew on your bone now.
DOGE bone?
Is
THAT your favorite altcoin?
Hahaha, of course not. I already wrote upthread that all existing and known planned altcoins are crapcoins. Even Ethereum is nonsense because putting a Turing complete language in the block chain can cause a virus and destroy the entire block chain.
