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Author Topic: Amir Taaki, Founder of Intersango, talk: "Bitcoin, a virtual currency"  (Read 2025 times)
remotemass (OP)
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December 04, 2012, 11:49:08 PM
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Amir Taaki, Founder of Intersango - Bitcoin, a virtual currency
http://www.youtube.com/watch?v=I-DVOYyx_6U

Unbelievably this video isn't a prank. Or is it?!
I hope someone does some good follow ups on this or I will see my self forced to do it, one of these days.
Because... it isn't excuse the complexity of the subject standing as an expert on the subject.
If he really did write a bitcoin client and can do more than Flash animations and bell ringing, well... than he would be doing much better explaining the intrinsicaties of Satoshi paper, like explaining what, why and how are digital signatures used by bitcoin; how is hashing used in bitcoin, about the block creation and mining reward, proof-of-work, and so.
At least 90% of the people hate hackers, so he better explained properly what he meant saying that "we" were hackers. I know hacking can be an ethical activity but many people don't and I think it is very mean not making a distinction between right and wrong activities, 
I don't think it did a good job explaining it. And cryptography isn't limited by the number of prime numbers that is known, and the methods/alogithms used by bitcoin are in practice quite impossible to break or hack. It all needs really better explanation.
We need to keep instructing ourselves in order to make ourselves clear and be able to
dissipate all sorts of confusions that are prone to arise.
Also the potential of bitcoin was left too vague and I think he should had given better hints about what he meant regarding that, like mentioning the possibility of smart propriety, distributed contracts, provably fair gambling, and so. He just left it very vague at that point.

{ Imagine a sequence of bits generated from the first decimal place of the square roots of whole integers that are irrational numbers. If the decimal falls between 0 and 5, it's considered bit 0, and if it falls between 5 and 10, it's considered bit 1. This sequence from a simple integer count of contiguous irrationals and their logical decimal expansion of the first decimal place is called the 'main irrational stream.' Our goal is to design a physical and optical computing system system that can detect when this stream starts matching a specific pattern of a given size of bits. bitcointalk.org/index.php?topic=166760.0 } Satoshi did use a friend class in C++ and put a comment on the code saying: "This is why people hate C++".
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December 05, 2012, 12:47:40 AM
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Why are we talking about Amir still? Shouldn't he be sitting in a jail cell by now?
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December 05, 2012, 12:50:18 AM
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Why are we talking about Amir still? Shouldn't he be sitting in a jail cell by now?
Not been reading up much, what did he do?

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December 05, 2012, 12:56:21 AM
 #4

Amir Taaki, Founder of Intersango - Bitcoin, a virtual currency
http://www.youtube.com/watch?v=I-DVOYyx_6U

Unbelievably this video isn't a prank. Or is it?!
I hope someone does some good follow ups on this or I will see my self forced to do it, one of these days.
Because... it isn't excuse the complexity of the subject standing as an expert on the subject.
If he really did write a bitcoin client and can do more than Flash animations and bell ringing, well... than he would be doing much better explaining the intrinsicaties of Satoshi paper, like explaining what, why and how are digital signatures used by bitcoin; how is hashing used in bitcoin, about the block creation and mining reward, proof-of-work, and so.
At least 90% of the people hate hackers, so he better explained properly what he meant saying that "we" were hackers. I know hacking can be an ethical activity but many people don't and I think it is very mean not making a distinction between right and wrong activities,  
I don't think it did a good job explaining it. And cryptography isn't limited by the number of prime numbers that is known, and the methods/alogithms used by bitcoin are in practice quite impossible to break or hack. It all needs really better explanation.
We need to keep instructing ourselves in order to make ourselves clear and be able to
dissipate all sorts of confusions that are prone to arise.
Also the potential of bitcoin was left too vague and I think he should had given better hints about what he meant regarding that, like mentioning the possibility of smart propriety, distributed contracts, provably fair gambling, and so. He just left it very vague at that point.

Leaving aside the question of whether or not Amir is regarded by the community as an "expert", plenty of technically competent people are not good speakers and suck shit at explaining concepts to others.  If you believe better explanations are needed, get to work on creating them - all though there are already many good explanations out there if you bother looking for them.

It's also somewhat ironic that you're criticising someone else's ability to communicate effectively when it takes considerable effort on the part of the reader to comprehend your own post.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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December 12, 2012, 08:05:32 PM
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And this gentlemen is why bitcoin is, and forever will be, a joke.
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December 12, 2012, 08:19:27 PM
 #6

Last question (21'): "What sets bitcoins apart from cash (or anything else) which explains it's value"
His answer: "You have lots of people who think it has value"

I am not surprised that serious people perceive it as a Ponzi scheme, provided such an answer by a so-called expert.


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December 12, 2012, 09:35:04 PM
 #7

This is a repost, therefor I'm locking it.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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