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Author Topic: Transactions Withholding Attack  (Read 27349 times)
amspir
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March 06, 2014, 10:25:01 PM
 #261

Customers of the cartel naturally transact at the cartel's website or retail POS terminals. So the cartel can control these transactions and starve the Bitcoin network of these revenues.

This supposes that hardware wallets will be offline and not communicating with the public network that far in the future.   Every wallet should have this feature, such that two individual parties (that do not trust each other) could transfer coin between two wallets (otherwise it's a race to see who can get online first to double-spend or claim).





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April 07, 2014, 10:50:37 AM
 #262

All posts since my last one in this thread are incorrect.

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April 07, 2014, 12:04:35 PM
 #263

Is amazon really such a threat to everyone. At some point this will lead to different kind of arrangement.
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April 07, 2014, 02:33:37 PM
 #264

Is amazon really such a threat to everyone. At some point this will lead to different kind of arrangement.

It's this intuitive insight that Anonymint overlooks.  The basic fact that any such actions by malicious actors will, eventually, expose themselves; and other actors will act in a different manner.  It's basic Praxeology.

"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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