marcus_of_augustus
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Eadem mutata resurgo
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December 10, 2012, 10:20:04 PM |
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So TCP/IP needed to get approval from the "regulators" before it was widely adopted?
Then the bitcoin protocol may not be all it is cracked up to be .... if Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)
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grondilu
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December 10, 2012, 10:26:26 PM |
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So TCP/IP needed to get approval from the "regulators" before it was widely adopted?
Then the bitcoin protocol may not be all it is cracked up to be .... if Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)
It's not about bitcoin being regulated, it's about bitcoin exchanges. |
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davout (OP)
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1davout
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December 10, 2012, 10:27:28 PM |
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So TCP/IP needed to get approval from the "regulators" before it was widely adopted?
Then the bitcoin protocol may not be all it is cracked up to be .... if Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)
Oh god, please stop with this regulating Bitcoin nonsense. |
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marcus_of_augustus
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Eadem mutata resurgo
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December 10, 2012, 10:52:55 PM |
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So TCP/IP needed to get approval from the "regulators" before it was widely adopted?
Then the bitcoin protocol may not be all it is cracked up to be .... if Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)
Oh god, please stop with this regulating Bitcoin nonsense. Yes, indeed we should just stop with this nonsense of getting the bitcoin technology regulated .... |
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SgtSpike
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December 10, 2012, 10:53:16 PM |
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So TCP/IP needed to get approval from the "regulators" before it was widely adopted?
Then the bitcoin protocol may not be all it is cracked up to be .... if Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)
Oh god, please stop with this regulating Bitcoin nonsense. Yes, indeed we should just stop with this nonsense of getting the bitcoin technology regulated .... No one here is asking for that. |
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molecular
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December 10, 2012, 10:53:39 PM |
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Congrats! But before I verify my account, I would like to know: what is an assymmetric cypher? The documents you are submitting are used only to verify your account. Once your account is verified your documents are archived after being properly encrypted using an assymmetric cipher
If this means you're going to brand my ID on a cows ass I'm all for it! |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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zebedee
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December 10, 2012, 10:55:39 PM |
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We honestly didn't think there would be this kind of massive interest from Americans and other nationalities all around the world. We honestly didn't think there would be this kind of massive interest from Americans and other nationalities all around the world. Welcome to the new age of fiscal facism ... US citizens will flock to anything that is somehow outside their fiscal prison of a banking system where you don't have to submit to the psychological equivalent of a full cavity search just to manage and transact with your own money. You come across as being a little naive to the true nature of the battle going on out there ... good luck. +1 |
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davout (OP)
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December 10, 2012, 11:28:42 PM |
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Congrats! But before I verify my account, I would like to know: what is an assymmetric cypher? The documents you are submitting are used only to verify your account. Once your account is verified your documents are archived after being properly encrypted using an assymmetric cipher
If this means you're going to brand my ID on a cows ass I'm all for it! :3 |
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Liquid
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December 10, 2012, 11:40:17 PM |
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Bitcoin will show the world what hard money really is.
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MPOE-PR
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December 10, 2012, 11:42:19 PM |
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We honestly didn't think there would be this kind of massive interest from Americans and other nationalities all around the world. We honestly didn't think there would be this kind of massive interest from Americans and other nationalities all around the world. Welcome to the new age of fiscal facism ... US citizens will flock to anything that is somehow outside their fiscal prison of a banking system where you don't have to submit to the psychological equivalent of a full cavity search just to manage and transact with your own money. You come across as being a little naive to the true nature of the battle going on out there ... good luck. +1 Why do you think eurodollars even exist? (For the past 50 or so years). |
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marcus_of_augustus
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Eadem mutata resurgo
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December 10, 2012, 11:55:48 PM |
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So TCP/IP needed to get approval from the "regulators" before it was widely adopted?
Then the bitcoin protocol may not be all it is cracked up to be .... if Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)
Oh god, please stop with this regulating Bitcoin nonsense. Yes, indeed we should just stop with this nonsense of getting the bitcoin technology regulated .... No one here is asking for that. Maybe not overtly or knowingly, but they are undoubtedly paving the way for it. |
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davout (OP)
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December 10, 2012, 11:58:36 PM |
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No one here is asking for that.
Maybe not overtly or knowingly, but they are undoubtedly paving the way for it. Just as much as Satoshi paved the way for Bitcoin regulation by inventing Bitcoin. |
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marcus_of_augustus
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Eadem mutata resurgo
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December 11, 2012, 12:16:38 AM |
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No one here is asking for that.
Maybe not overtly or knowingly, but they are undoubtedly paving the way for it. Just as much as Satoshi paved the way for Bitcoin regulation by inventing Bitcoin. As far as I know, Satoshi was not in the habit of asking permission from "authorities" before writing software .... you, on the other hand, appear to be. |
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mrvision
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December 11, 2012, 12:35:54 AM |
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No one here is asking for that.
Maybe not overtly or knowingly, but they are undoubtedly paving the way for it. Just as much as Satoshi paved the way for Bitcoin regulation by inventing Bitcoin. As far as I know, Satoshi was not in the habit of asking permission from "authorities" before writing software .... you, on the other hand, appear to be. +11111111111111111111111111111111 |
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MoonShadow
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December 11, 2012, 01:06:53 AM |
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No one here is asking for that.
Maybe not overtly or knowingly, but they are undoubtedly paving the way for it. Just as much as Satoshi paved the way for Bitcoin regulation by inventing Bitcoin. Do you realize that your detractors have been achieving their core goals, right? No matter what you do, it will not directly affect them (or me), yet each moment you spend responding to them delays your progress. They are winning, whether or not they are correct. While I, personally, don't agree that one bitcoin based business making agreements with establishment institutions in Europe has any great effect upon Bitcoin as a whole; I also don't view such a developement as automaticly a positive one. Furthermore, I don't believe that you will actually be permitted to succeed. If such a development actually is a net positive for Bitcoin, you will be undermined to your final bankruptcy at least. If such a development survives six months, I will take that to mean that it's a net negative for Bitcoin, and avoid you like the plague. |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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notme
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December 11, 2012, 01:11:06 AM |
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No one here is asking for that.
Maybe not overtly or knowingly, but they are undoubtedly paving the way for it. Just as much as Satoshi paved the way for Bitcoin regulation by inventing Bitcoin. Do you realize that your detractors have been achieving their core goals, right? No matter what you do, it will not directly affect them (or me), yet each moment you spend responding to them delays your progress. They are winning, whether or not they are correct. While I, personally, don't agree that one bitcoin based business making agreements with establishment institutions in Europe has any great effect upon Bitcoin as a whole; I also don't view such a developement as automaticly a positive one. Furthermore, I don't believe that you will actually be permitted to succeed. If such a development actually is a net positive for Bitcoin, you will be undermined to your final bankruptcy at least. If such a development survives six months, I will take that to mean that it's a net negative for Bitcoin, and avoid you like the plague. Where can I buy tinfoil hats with bitcoin? |
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marcus_of_augustus
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Eadem mutata resurgo
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December 11, 2012, 01:28:47 AM |
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Where can I buy tinfoil goldfoil hats with bitcoin? Good question, maybe you got yourself a start-up right there. |
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evoorhees
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Democracy is the original 51% attack
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December 11, 2012, 01:44:39 AM |
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Fiat is regulated : fact.
Bitcoin is not : fact.
Bitcoin exchanges are by definition an interface between these worlds, so I fail to see how it comes as a big surprise to anyone that in order to be sustainable in this business an exchange has to be licensed for the fiat-handling part.
BINGO!!!! Perfectly said! The interfaces that link with the old rails will have to follow the old rail rules. If they don't, they'll be shut down, and then there won't be links with the old rails, and Bitcoin will be far weaker and less useful. |
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evoorhees
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Democracy is the original 51% attack
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December 11, 2012, 01:52:35 AM |
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So TCP/IP needed to get approval from the "regulators" before it was widely adopted?
Then the bitcoin protocol may not be all it is cracked up to be .... if Erik Vorhees is correct that bitcoin needs the crutch of state approval in order to get widely adopted, then I would say it is deficient as a technology and not fit for purpose .... bring on bitcoin2.0. (Holy Trinity should be nimble for the crypto-currency 2G will be life threatening for them.)
You do a disservice to everyone when you characterize my argument so poorly. Bitcoin does not "need the crutch of state approval" in order to get widely adopted. And I'm not advocating that bitcoin get state anything. But those companies which interface Bitcoin with the old world of money will simply be shut down if they do not comply. You understand this? Not every bitcoin company needs to run out and get licensing, but those which are explicitly handling fiat money and fiat accounts must absolutely comply, else they'll be destroyed the moment they try to scale into anything meaningful. Bitcoin companies that deal with fiat are different than bitcoin itself. The former must follow the rules or be closed (this is a fact, sad though it may be). The latter, Bitcoin itself, doesn't have to care at all about regulation, because it transcends it. Do you see the difference? |
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evoorhees
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Democracy is the original 51% attack
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December 11, 2012, 01:58:07 AM |
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No one here is asking for that.
Maybe not overtly or knowingly, but they are undoubtedly paving the way for it. Just as much as Satoshi paved the way for Bitcoin regulation by inventing Bitcoin. As far as I know, Satoshi was not in the habit of asking permission from "authorities" before writing software .... you, on the other hand, appear to be. That's because Davout is writing software that interfaces with the old world of fiat. If Satoshi opened an exchange, you can bet your ass he'd need to get registered or licensed by some dismal government, else the exchange would be gone. Plug into the crappy old rails, and you need to deal with the crap. That Bitcoin itself is clean and beautiful, and doesn't itself touch the old rails, doesn't mean the various on-ramps and off-ramps that connect to it can ignore reality. |
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