Max Stirner
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January 15, 2011, 01:15:52 AM |
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Two days ago Sepp Hasslberger mentioned Bitcoin in the blog of the P2P-Foundation. http://blog.p2pfoundation.net/wikileaks-lesson-decentralize/2011/01/13He said:
Unfortunately the developer of bitcoin has set a maximum of bitcoins to ever be created, which will make this currency highly deflationary.
The more users that will want to use bitcoin, the more they will have to compete for the use of a limited amount of coins.
(...)
I believe bitcoin is an interesting proof-of-principle for a user-generated currency, yet it is not a currency that can guarantee price stability.
Because of the fixed total amount of coins to be created, the currency cannot be adapted to a growing market.maybe somebody from the Bitcoin-community wants to leave a comment... |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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kiba
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January 21, 2011, 01:39:44 AM |
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mikegogulski
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January 21, 2011, 09:38:09 PM |
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Mike, thanks for bringing that very good article to our attention. It's particularly interesting because it's written by a practicing attorney.
You bet. I spotted via the Orlin Grabbe memorial website, http://orlingrabbe.com/, which is worth following for any number of reasons. |
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Anonymous
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January 21, 2011, 09:40:35 PM |
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Mike, thanks for bringing that very good article to our attention. It's particularly interesting because it's written by a practicing attorney.
You bet. I spotted via the Orlin Grabbe memorial website, http://orlingrabbe.com/, which is worth following for any number of reasons. Oh, you follow that site too ? |
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mikegogulski
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January 22, 2011, 01:11:51 AM
Last edit: January 22, 2011, 08:05:04 AM by mikegogulski |
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Mike, thanks for bringing that very good article to our attention. It's particularly interesting because it's written by a practicing attorney.
You bet. I spotted via the Orlin Grabbe memorial website, http://orlingrabbe.com/, which is worth following for any number of reasons. Oh, you follow that site too ? Yeah, and about 250 others.... Google Reader FTW  |
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kiba
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January 22, 2011, 06:07:42 AM |
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It sounds like he listen to Bruce Wagner's radio interview. |
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hacim
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January 22, 2011, 06:24:39 PM |
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15yns1RVpBHZ8uj8mGVUJVCyPh5ieW3FQx
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em3rgentOrdr
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January 30, 2011, 08:47:26 AM |
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Awesome!!!! I have donated both fiat USD and bitcoin to EFF. They are one of the few inside the system organizations doing *something* for freedom. |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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em3rgentOrdr
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January 31, 2011, 10:57:27 AM |
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Today's LRC ( lewrockwell.com) has an article by Bill Rounds (who wrote "How to Vanish") which mentions bitcoin as a privacy-protecting alternative banking system to the heavily regulated US banking system which forces your bank to spy on you: "How to avoid springing a wikileak" ( http://www.lewrockwell.com/rounds/rounds22.1.html): I have seen some very good disclosures on Wikileaks. The crown jewel is the footage of the helicopter attack on several civilians and journalists. In particular, the premeditated and deliberate shooting and killing of a group of people who are clearly unarmed and giving aid to one victim who is badly injured, and trying to crawl away to safety. Giving the shooters the benefit of the doubt, the "fog of war" may have contributed to the act, but not to the investigation following the attack. The footage released by WikiLeaks calls into question the accuracy of official military statements and reports on the incident.
Violence, threats of violence and fraud do not deserve privacy. They deserve sunlight. But there are still a lot of legitimate secrets. Good secrets have nothing to do with violence or fraud. I have seen some of those legitimate secrets on the tabloid covers at the grocery store, and I have seen some on WikiLeaks.
Whether you think the idea of WikiLeaks is a good thing or not, the reality is that there is a growing capability and culture of disclosing secrets to the public. It doesn't matter whether the secrets are legitimate or not. And in most cases, the law will not protect you if you confide in someone who later reveals your legitimate, but juicy, secrets.
So how do you minimize the risk of people revealing your closely held and legitimate secrets?
How to Avoid Disclosure Of Financial Information
Unfortunately, banks, accountants and other financial professionals are often required by law to tattle, a topic covered thoroughly in the Bank Privacy report. The only way to avoid financial disclosure is to avoid using the formal banking system. The best way to avoid the formal financial system is to use things like Bitcoin to store and transfer value.
... Lew Rockell, whether you like him and his cohorts or not, is a very respected libertarian blogger/thinker/activist, and his site is "the most read libertarian site in the world"... |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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arnoldb0620
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February 10, 2011, 02:23:28 PM |
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Steve Gibson grc.com creater of spinrite, shields up and discoverer of worlds first spyware reviews Bitcoin in detail @ http://twit.tv/sn287 |
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xel
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February 10, 2011, 09:14:20 PM |
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sirius
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February 10, 2011, 09:38:35 PM |
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Please contribute to the Bitcoin press hits wiki article. |
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Stephen Gornick
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February 12, 2011, 05:29:31 AM |
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Looks like a big week for Bitcoin  |
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S3052
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February 16, 2011, 06:26:50 PM |
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schnak
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February 18, 2011, 03:47:35 AM |
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Is it just me or does anyone else look at the wikipedia graph and get it confused with their internal pride for BitCoin. |
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asdf
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February 18, 2011, 10:33:42 AM |
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Is it just me or does anyone else look at the wikipedia graph and get it confused with their internal pride for BitCoin. because your proud of something abstract or because the graph looks phallic?  |
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xel
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February 22, 2011, 10:24:06 PM |
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Not really a press, but FreeNet is going to take BitCoin donations same as EFF (founder of e.g. TOR) is doing. ##bitcoin-dev [Tuesday 22 February 2011] [22:33:40] <Tril> hi toad_ you considering taking btc donations for freenet? [Tuesday 22 February 2011] [22:33:58] <toad_> yeah we're gonna take donations And donation page layout and details of account use to gather donations is discussed now. Btw if you also see opportunities for BitCoin + un-censurable network FreeNet, then you might be interested in the bounty for implementing BitCoin over Freenet protocol, see another thread. Best 1000 BTC needed for full implementation, ~200-300 already offered by users. |
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xel
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February 23, 2011, 01:19:49 AM |
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[01:46] <toad_> freenet now accepts bitcoin! [01:46] <toad_> xelister: freenet now accepts bitcoin [01:46] <toad_> http://freenetproject.org/donate.html |
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em3rgentOrdr
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February 24, 2011, 08:33:27 AM |
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Sweet! I just donated 20 BTC... |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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