rpietila Wall Observer - the Quality TA Thread ;)

[rpietila]

TLDR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

None of this shocks me.  I guess the only thing that I may have been a little deluded by is that Bitcoin was created by a single entity and was completely peer to peer. I like to imagine Satoshi as a benevolent person that has kindhearted motives of helping humanity break free from the bondage of the world's banking systems.  But of course, that would be too simple.

As a Christian I believe a "one world currency" will of course take over all currencies at some point and then all of humanity will then need to be controlled somehow (for taxes, or theft prevention and security) so the introduction of a mark on our hands or foreheads is going to be mandated to buy and sell.   To me it is just a matter of time until this happens.  Who is in charge of mandating this becomes the tricky question.    Also, as a Christian I am put into the position of paying the price for not "conforming."  It will get ugly very fast.  

In the forefront of the defence against those developments: Monero (XMR). Total emission 18M vs. Bitcoin's 21M. Price: 0.0017 BTC. Hedging your position with an equal or higher amount of Monero has seldom been this cheap 

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[BlindMayorBitcorn]

TLDR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

None of this shocks me.  I guess the only thing that I may have been a little deluded by is that Bitcoin was created by a single entity and was completely peer to peer. I like to imagine Satoshi as a benevolent person that has kindhearted motives of helping humanity break free from the bondage of the world's banking systems.  But of course, that would be too simple.

As a Christian I believe a "one world currency" will of course take over all currencies at some point and then all of humanity will then need to be controlled somehow (for taxes, or theft prevention and security) so the introduction of a mark on our hands or foreheads is going to be mandated to buy and sell.   To me it is just a matter of time until this happens.  Who is in charge of mandating this becomes the tricky question.    Also, as a Christian I am put into the position of paying the price for not "conforming."  It will get ugly very fast.  

In the forefront of the defence against those developments: Monero (XMR). Total emission 18M vs. Bitcoin's 21M. Price: 0.0017 BTC. Hedging your position with an equal or higher amount of Monero has seldom been this cheap 

Eww. The one time I tune in you are shilling an altcoin

[BitChick]

TLDR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

None of this shocks me.  I guess the only thing that I may have been a little deluded by is that Bitcoin was created by a single entity and was completely peer to peer. I like to imagine Satoshi as a benevolent person that has kindhearted motives of helping humanity break free from the bondage of the world's banking systems.  But of course, that would be too simple.

As a Christian I believe a "one world currency" will of course take over all currencies at some point and then all of humanity will then need to be controlled somehow (for taxes, or theft prevention and security) so the introduction of a mark on our hands or foreheads is going to be mandated to buy and sell.   To me it is just a matter of time until this happens.  Who is in charge of mandating this becomes the tricky question.    Also, as a Christian I am put into the position of paying the price for not "conforming."  It will get ugly very fast.  

In the forefront of the defence against those developments: Monero (XMR). Total emission 18M vs. Bitcoin's 21M. Price: 0.0017 BTC. Hedging your position with an equal or higher amount of Monero has seldom been this cheap 

Well, there is a reason to invest in Monero!  At least we know the creators are not the NSA. 

[BlindMayorBitcorn]

On the way up you probably thought it was Jesus himself

[BitChick]

On the way up you probably thought it was Jesus himself

What do I even say to that?

I am sure that many people were thanking Jesus, and thanking other gods for the rise in price and will do so again.

I think Jesus really doesn't care about money that much.  He did say when questioned about money and who to give the Roman coins to, "Give to Caeser what is Caeser's."  The question then becomes do we "give to Satoshi what is Satoshi's?"   We don't even know who he is so that does get a bit more complicated.  Hmmmmm.  

[epilido]

[


In the forefront of the defence against those developments: Monero (XMR). Total emission 18M vs. Bitcoin's 21M. Price: 0.0017 BTC. Hedging your position with an equal or higher amount of Monero has seldom been this cheap 

Risto

I had really hoped you would not just blindly pump.....  Monero has never been lower except last week. You have had much better days.

[pa]

[


In the forefront of the defence against those developments: Monero (XMR). Total emission 18M vs. Bitcoin's 21M. Price: 0.0017 BTC. Hedging your position with an equal or higher amount of Monero has seldom been this cheap 

Risto

I had really hoped you would not just blindly pump.....  Monero has never been lower except last week. You have had much better days.

Whether or not Monero is a good investment (I have bought some), Risto is right that XMR is less useful as a tool of mass surveillance than Bitcoin.  It will be interesting to see whether BTC will ever be allowed to incorporate strong privacy features. I can imagine it doing so via sidechains but I can also imagine scenarios where regulators and VC strong-arm Bitcoin developers or mining pools to use only pseudo-private ledgers.

[molecular]

coinits, thanks for you extensive post. I'm low on time, but let me pick some parts and comment...

Who is the single largest holder of BTC right now? "Satoshi". Who is he? I will say it again. NSA/DARPA created bitcoin under the guidance of the IMF. The IMF has been openly calling for a digital, one-world, deflationary currency for 2 decades. OPENLY. It has been discussed and promoted OPENLY at G8 and G20 summits.

Can you link to some docs where the IMF calls for that? I was of the impression the 'plan' of the IMF was to become the global central bank (lender of last resort) via SDR during the next step of the financial crisis. I doubt they have plans to create a truly 'unmanaged' type of digital money, but I'm open to be convinced otherwise.

From the early 90s-96 the NSA was OPENLY investigating cryptographic money networks:

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

Around the time many entities were investigating this. Even I came up with a scheme described in your link and it was pretty much in line with what is described there: a central trusted entity (bank) cryptographically signs tokens that can be passed around on the net between participants. Double spending is solved by asking that bank wether the token has been spent or not. So this doesn't prove the NSA/DARPA created Bitcoin any more than it proves that I created bitcoin. Hint: I didn't.

What is bitcoin? Bitcoin IS the one world digital currency. We all have a deterministic UUID that has been generated from our biometric data. This UUID will be related to all your datastores. This UUID is your mark. This UUID is what is used to buy and sell online and in the real world. This UUID is the primary key in your Greenlist identity.

Do 'they' have my fingerprint? Probably yes: I was forced to give it when renewing my passport (german). It was promised it was only used to put it on the chip and deleted afterwards. I don't believe that one second... they have my fingerprint (or at least a deterministically derived ID). Do they potentially have my DNA/blood: hell yes, I've had labs do tests on my blood for various reasons, could've been siphoned off. Does greenaddress use any of that as a PRIMARY KEY in their database when I make an account? That's an extraordinary claim that requires extraordinary evidence beyond a simple motive. I don't believe that.

gotta go...

[Dotto]

Incredible info, coinit. I buy most of it. In fact it does perfectly match all the reasonable NWO info that is out there.

You claim that Gavin is conscient that Bitcoin is a NSA creature. Could you post some link or clues to that?

Can we expect that Max Keiser, Michael Clear and Vili Lehdonvirt were part of the team that developed BTC?

[criptix]

if that would be true then two things will happen:

1. bitcoin controlled by government

2. bitcoin to the moon


not sure if i would be sad or happy 

[ssmc2]

if that would be true then two things will happen:

1. bitcoin controlled by government

2. bitcoin to the moon


not sure if i would be sad or happy 

You know which it would be 

[fairglu]

In the forefront of the defence against those developments: Monero (XMR). Total emission 18M vs. Bitcoin's 21M. Price: 0.0017 BTC. Hedging your position with an equal or higher amount of Monero has seldom been this cheap 

Isn't Monero actually more centralized than Bitcoin and bound to be even more centralized as a side-effect of its blockchain bloat?

The cryptography aspect does not matter too much if there are so few full nodes that you can just log the originating IPs of transactions. Bitcoin is getting there fast, but Monero seems to already have reached the point of "too few full nodes" for anonymity of IP. It's basically the same issue as Tor vs Bitcoin, when there are few enough nodes, you can tap all of them on a low budget.

Also another aspect of centralization are the cloud hosting companies: any entity that has access to physical hosts of handful of top cloud hosters will have detailed IP address logs for transaction origins, and most full nodes are running on the hardware of few hosting companies.

[elasticband]

Did any of you stop to think that Satoshi = Sir Richard?

yes, and then I started thinking again

One thing is clear, satoshi is either british or someone educated or living in Great Britain.
Why? Because his software have reference to the "Chancellor of Exchequer" and second bailout of british banks.
Nobody outside of UK even know about this title (position).

Illogical (by denial of antecedent), on account of I knew about the "Chancellor of Exchequer" and the bailout, I am American, and I am also not Satoshi.  This is insufficiently arcane knowledge to qualify nationality.
I am merely well traveled and well read, as also is Satoshi.

Most folks who have made a study of financial history also know that Winston Churchill held this position and attempted to return GB to a gold standard.
Unfortunately a market based gold standard (a gold coin standard) was not attempted, and so this effort was doomed to fail as governments are not good at managing monetary policy when citizens are able to vote the treasure be handed on them without paying for it (thanks to Keynes, gold coin standards are considered old fashioned).

Ecuador is about to face this same issue with their government created crypto-currency.
I wish them luck and wisdom, it will be a great challenge for them.

Please stop trying to dox Satoshi.   It is unbecoming of you, as well as rude and disrespectful.

Satoshi is not a single person. It is a team effort. Always has been. Very few of you will take off the blinders to see the truth but for shits and giggles...I will DOX him right here and now:

There is no way to stop what is going to happen to bitcoin. It's an issue of sociology. It's an issue of human greed. It's an issue as to WHO created bitcoin and WHY.

Who is the single largest holder of BTC right now? "Satoshi". Who is he? I will say it again. NSA/DARPA created bitcoin under the guidance of the IMF. The IMF has been openly calling for a digital, one-world, deflationary currency for 2 decades. OPENLY. It has been discussed and promoted OPENLY at G8 and G20 summits.

From the early 90s-96 the NSA was OPENLY investigating cryptographic money networks:

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

One of their researchers and investigators is a man named Tatsuaki Okamoto. When they actively started writing the code they chose the pseudonym "Satoshi Nakamura" to ultimately promote the idea that Tatsuaki Okamoto to any and all who investigated the source of bitcoin long enough. But Tatsuaki Okamoto is just a cog. He's not some rogue savoir out to topple centralized banks. Not at all. He is a crypto scientist who was paid by government and intelligence agencies to do research.

Bitcoin is an NSA/DARPA lab set into the wild. Scientific technology grants issued by government and intelligence agencies are how these labs are funded and promoted. The regulation and control of bitcoin has been actively developed alongside the development of the network. In fact, the controls, policy and regulation are WAY WAY more mature than the bitcoin protocol itself. That's why we see things like Greenlist written into law without a mention of bitcoin until recently.

This is not tinfoil hattish. This is just reality. No one forced ANYONE to believe the Satoshi fairytale.. The libertarian Satoshi myth has been promoted in stealth to specifically promote ADOPTION and DEVELOPMENT. It's no different than the internet and WWW itself. EXACTLY the same. That is why you see many www early adopters saying bitcoin "feels" the same as the early internet. I am one of those people.

In 94-96 the public internet was ALL about freedom of information. FREE COMMUNICATION. It was ALL about liberty and freedom. I wish i could transport some of you back in time so you could see for yourselves. The promise of free phonecalls with the freeworlddialup, free media with IUMA and the MBONE. All this freedom and liberty had people pouring their heart and soul into developing it. Now look at it. Facebook, google.. it is a GIANT SURVEILLANCE grid. And if you look for and read DARPA/NSA docs from the 80s and early 90s that was what it was always meant to be. I am not discounting all the socially great things that happen online.. But from the perspective of DARPA/NSA and control freaks.. it was created for the express purpose of control. A military purpose. A strategic purpose.

What is bitcoin? Bitcoin IS the one world digital currency. We all have a deterministic UUID that has been generated from our biometric data. This UUID will be related to all your datastores. This UUID is your mark. This UUID is what is used to buy and sell online and in the real world. This UUID is the primary key in your Greenlist identity.

Coinbase, blockchain.info and it would appear Coinsetter are inline to be the first to roll out the incoming policy and regulation. This policy and regulation is WORLD WIDE. It is CORPORATE. It is not about governments. Governments ADOPT corporate organized policies. If you think this is new than you need to investigate ACH and NACHA.
https://www.nacha.org/about  and http://www.slideshare.net/Earthport/nacha-payments-2013-complementary-paths-to-global-ach-earthport-federal-reserve-financial-services-hsbc

Bitcoin is THEIR network. And for the minority early adopters that is going to be a hard pill to swallow.. But for those in the know.. Like Gavin, it's PAYDAY. Realization and monetization of their massive bitcoin holdings is being guaranteed by regulators. That is why they are all literally RUSHING to regulate.

Legitimization of bitcoin is all about hosted wallets. The centralization of bitcoin. Hosted wallet providers approve/dissaprove transactions before they are actually issued on the network. Greenlist enabled wallets will be the fastest. (offline transactions). Greenlist enabled wallets will be hooked directly to your bank account, ease of buying and selling. Greenlist enabled exchanges will have the largest market with the best prices. Greenlist enabled wallets will completely eliminate risk of stolen coins. No more security worries AT ALL. And this is what the masses have come to expect. And this is why it's going to happen. And Greenlisted wallets will be accepted everywhere. And in the physical world you will identify yourself and your wallet with your biometrics.

https://bitcointalk.org/index.php?topic=173715.0

TLDR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

Great post, I have been saying similar things to a close bitcoin friend for a while now. they fooled the libertarians into pimping their global currency, they created dark markets all to get them on side and drive bitcoin.... best to get your enemies on side first.

[dEBRUYNE]

In the forefront of the defence against those developments: Monero (XMR). Total emission 18M vs. Bitcoin's 21M. Price: 0.0017 BTC. Hedging your position with an equal or higher amount of Monero has seldom been this cheap  

Isn't Monero actually more centralized than Bitcoin and bound to be even more centralized as a side-effect of its blockchain bloat?

The cryptography aspect does not matter too much if there are so few full nodes that you can just log the originating IPs of transactions. Bitcoin is getting there fast, but Monero seems to already have reached the point of "too few full nodes" for anonymity of IP. It's basically the same issue as Tor vs Bitcoin, when there are few enough nodes, you can tap all of them on a low budget.

Also another aspect of centralization are the cloud hosting companies: any entity that has access to physical hosts of handful of top cloud hosters will have detailed IP address logs for transaction origins, and most full nodes are running on the hardware of few hosting companies.

Monero is working on a project to obfuscate your IP, more info here: https://geti2p.net/en/blog/post/2014/08/15/The-privacy-solutions-project (see #5)

[hdbuck]

Did any of you stop to think that Satoshi = Sir Richard?

yes, and then I started thinking again

One thing is clear, satoshi is either british or someone educated or living in Great Britain.
Why? Because his software have reference to the "Chancellor of Exchequer" and second bailout of british banks.
Nobody outside of UK even know about this title (position).

Illogical (by denial of antecedent), on account of I knew about the "Chancellor of Exchequer" and the bailout, I am American, and I am also not Satoshi.  This is insufficiently arcane knowledge to qualify nationality.
I am merely well traveled and well read, as also is Satoshi.

Most folks who have made a study of financial history also know that Winston Churchill held this position and attempted to return GB to a gold standard.
Unfortunately a market based gold standard (a gold coin standard) was not attempted, and so this effort was doomed to fail as governments are not good at managing monetary policy when citizens are able to vote the treasure be handed on them without paying for it (thanks to Keynes, gold coin standards are considered old fashioned).

Ecuador is about to face this same issue with their government created crypto-currency.
I wish them luck and wisdom, it will be a great challenge for them.

Please stop trying to dox Satoshi.   It is unbecoming of you, as well as rude and disrespectful.

Satoshi is not a single person. It is a team effort. Always has been. Very few of you will take off the blinders to see the truth but for shits and giggles...I will DOX him right here and now:

There is no way to stop what is going to happen to bitcoin. It's an issue of sociology. It's an issue of human greed. It's an issue as to WHO created bitcoin and WHY.

Who is the single largest holder of BTC right now? "Satoshi". Who is he? I will say it again. NSA/DARPA created bitcoin under the guidance of the IMF. The IMF has been openly calling for a digital, one-world, deflationary currency for 2 decades. OPENLY. It has been discussed and promoted OPENLY at G8 and G20 summits.

From the early 90s-96 the NSA was OPENLY investigating cryptographic money networks:

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

One of their researchers and investigators is a man named Tatsuaki Okamoto. When they actively started writing the code they chose the pseudonym "Satoshi Nakamura" to ultimately promote the idea that Tatsuaki Okamoto to any and all who investigated the source of bitcoin long enough. But Tatsuaki Okamoto is just a cog. He's not some rogue savoir out to topple centralized banks. Not at all. He is a crypto scientist who was paid by government and intelligence agencies to do research.

Bitcoin is an NSA/DARPA lab set into the wild. Scientific technology grants issued by government and intelligence agencies are how these labs are funded and promoted. The regulation and control of bitcoin has been actively developed alongside the development of the network. In fact, the controls, policy and regulation are WAY WAY more mature than the bitcoin protocol itself. That's why we see things like Greenlist written into law without a mention of bitcoin until recently.

This is not tinfoil hattish. This is just reality. No one forced ANYONE to believe the Satoshi fairytale.. The libertarian Satoshi myth has been promoted in stealth to specifically promote ADOPTION and DEVELOPMENT. It's no different than the internet and WWW itself. EXACTLY the same. That is why you see many www early adopters saying bitcoin "feels" the same as the early internet. I am one of those people.

In 94-96 the public internet was ALL about freedom of information. FREE COMMUNICATION. It was ALL about liberty and freedom. I wish i could transport some of you back in time so you could see for yourselves. The promise of free phonecalls with the freeworlddialup, free media with IUMA and the MBONE. All this freedom and liberty had people pouring their heart and soul into developing it. Now look at it. Facebook, google.. it is a GIANT SURVEILLANCE grid. And if you look for and read DARPA/NSA docs from the 80s and early 90s that was what it was always meant to be. I am not discounting all the socially great things that happen online.. But from the perspective of DARPA/NSA and control freaks.. it was created for the express purpose of control. A military purpose. A strategic purpose.

What is bitcoin? Bitcoin IS the one world digital currency. We all have a deterministic UUID that has been generated from our biometric data. This UUID will be related to all your datastores. This UUID is your mark. This UUID is what is used to buy and sell online and in the real world. This UUID is the primary key in your Greenlist identity.

Coinbase, blockchain.info and it would appear Coinsetter are inline to be the first to roll out the incoming policy and regulation. This policy and regulation is WORLD WIDE. It is CORPORATE. It is not about governments. Governments ADOPT corporate organized policies. If you think this is new than you need to investigate ACH and NACHA.
https://www.nacha.org/about  and http://www.slideshare.net/Earthport/nacha-payments-2013-complementary-paths-to-global-ach-earthport-federal-reserve-financial-services-hsbc

Bitcoin is THEIR network. And for the minority early adopters that is going to be a hard pill to swallow.. But for those in the know.. Like Gavin, it's PAYDAY. Realization and monetization of their massive bitcoin holdings is being guaranteed by regulators. That is why they are all literally RUSHING to regulate.

Legitimization of bitcoin is all about hosted wallets. The centralization of bitcoin. Hosted wallet providers approve/dissaprove transactions before they are actually issued on the network. Greenlist enabled wallets will be the fastest. (offline transactions). Greenlist enabled wallets will be hooked directly to your bank account, ease of buying and selling. Greenlist enabled exchanges will have the largest market with the best prices. Greenlist enabled wallets will completely eliminate risk of stolen coins. No more security worries AT ALL. And this is what the masses have come to expect. And this is why it's going to happen. And Greenlisted wallets will be accepted everywhere. And in the physical world you will identify yourself and your wallet with your biometrics.

https://bitcointalk.org/index.php?topic=173715.0

TLDR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

Great post, I have been saying similar things to a close bitcoin friend for a while now. they fooled the libertarians into pimping their global currency, they created dark markets all to get them on side and drive bitcoin.... best to get your enemies on side first.

yea, they are 20+ years/plays ahead of us. its a game no one stands a chance at. but at least it means that bitcoin is indeed set to succeed

[lunarboy]

TLDR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

Even if this nonsense hypothesis is true, it still makes no difference. It's open source and does exactly what it says on the tin. The inventor is irrelevant with regards to the future.

[hdbuck]

TLDR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

Even if this nonsense hypothesis is true, it still makes no difference. It's open source and does exactly what it says on the tin. The inventor is irrelevant with regards to the future.

well apart from the alleged unbreakable NSA approved SHA256 algorithm... its like people trusting Tor to have no back doors somehow.. really?! how would you possibly know?

[macsga]

TLDR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

Even if this nonsense hypothesis is true, it still makes no difference. It's open source and does exactly what it says on the tin. The inventor is irrelevant with regards to the future.

well apart from the alleged unbreakable NSA approved SHA256 algorithm... its like people trusting Tor to have no back doors somehow.. really?! how would you possibly know?

By utilizing a nice firewall and monitoring the I/O traffic, this could be possible. I must also say that I agree with your concept though...

[2dogs]

Satoshi is not a single person. It is a team effort. Always has been. Very few of you will take off the blinders to see the truth but for shits and giggles...I will DOX him right here and now:

There is no way to stop what is going to happen to bitcoin. It's an issue of sociology. It's an issue of human greed. It's an issue as to WHO created bitcoin and WHY.

Who is the single largest holder of BTC right now? "Satoshi". Who is he? I will say it again. NSA/DARPA created bitcoin under the guidance of the IMF. The IMF has been openly calling for a digital, one-world, deflationary currency for 2 decades. OPENLY. It has been discussed and promoted OPENLY at G8 and G20 summits.

From the early 90s-96 the NSA was OPENLY investigating cryptographic money networks:

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

One of their researchers and investigators is a man named Tatsuaki Okamoto. When they actively started writing the code they chose the pseudonym "Satoshi Nakamura" to ultimately promote the idea that Tatsuaki Okamoto to any and all who investigated the source of bitcoin long enough. But Tatsuaki Okamoto is just a cog. He's not some rogue savoir out to topple centralized banks. Not at all. He is a crypto scientist who was paid by government and intelligence agencies to do research.

Bitcoin is an NSA/DARPA lab set into the wild. Scientific technology grants issued by government and intelligence agencies are how these labs are funded and promoted. The regulation and control of bitcoin has been actively developed alongside the development of the network. In fact, the controls, policy and regulation are WAY WAY more mature than the bitcoin protocol itself. That's why we see things like Greenlist written into law without a mention of bitcoin until recently.

This is not tinfoil hattish. This is just reality. No one forced ANYONE to believe the Satoshi fairytale.. The libertarian Satoshi myth has been promoted in stealth to specifically promote ADOPTION and DEVELOPMENT. It's no different than the internet and WWW itself. EXACTLY the same. That is why you see many www early adopters saying bitcoin "feels" the same as the early internet. I am one of those people.

In 94-96 the public internet was ALL about freedom of information. FREE COMMUNICATION. It was ALL about liberty and freedom. I wish i could transport some of you back in time so you could see for yourselves. The promise of free phonecalls with the freeworlddialup, free media with IUMA and the MBONE. All this freedom and liberty had people pouring their heart and soul into developing it. Now look at it. Facebook, google.. it is a GIANT SURVEILLANCE grid. And if you look for and read DARPA/NSA docs from the 80s and early 90s that was what it was always meant to be. I am not discounting all the socially great things that happen online.. But from the perspective of DARPA/NSA and control freaks.. it was created for the express purpose of control. A military purpose. A strategic purpose.

What is bitcoin? Bitcoin IS the one world digital currency. We all have a deterministic UUID that has been generated from our biometric data. This UUID will be related to all your datastores. This UUID is your mark. This UUID is what is used to buy and sell online and in the real world. This UUID is the primary key in your Greenlist identity.

Coinbase, blockchain.info and it would appear Coinsetter are inline to be the first to roll out the incoming policy and regulation. This policy and regulation is WORLD WIDE. It is CORPORATE. It is not about governments. Governments ADOPT corporate organized policies. If you think this is new than you need to investigate ACH and NACHA.
https://www.nacha.org/about  and http://www.slideshare.net/Earthport/nacha-payments-2013-complementary-paths-to-global-ach-earthport-federal-reserve-financial-services-hsbc

Bitcoin is THEIR network. And for the minority early adopters that is going to be a hard pill to swallow.. But for those in the know.. Like Gavin, it's PAYDAY. Realization and monetization of their massive bitcoin holdings is being guaranteed by regulators. That is why they are all literally RUSHING to regulate.

Legitimization of bitcoin is all about hosted wallets. The centralization of bitcoin. Hosted wallet providers approve/dissaprove transactions before they are actually issued on the network. Greenlist enabled wallets will be the fastest. (offline transactions). Greenlist enabled wallets will be hooked directly to your bank account, ease of buying and selling. Greenlist enabled exchanges will have the largest market with the best prices. Greenlist enabled wallets will completely eliminate risk of stolen coins. No more security worries AT ALL. And this is what the masses have come to expect. And this is why it's going to happen. And Greenlisted wallets will be accepted everywhere. And in the physical world you will identify yourself and your wallet with your biometrics.

https://bitcointalk.org/index.php?topic=173715.0

TLDR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

HOLY SHIT!

[fairglu]

Monero is working on a project to obfuscate your IP, more info here: https://geti2p.net/en/blog/post/2014/08/15/The-privacy-solutions-project (see #5)

Sounds to me like a Tor wannabe, and will likely have the same issue as Tor: you need a whole bloody lot of nodes for the anonymity to be effective... and what is the incentive of running a node 24/7?

Something like DarkCoin masternodes, that get subsidy from the network for just being up, is needed IMHO to ensure that there are enough active nodes on a crypto network. DarkCoin ties the subsidy to mixing and holding enough funds however, so that's not ideal.

Ideal would be that anyone could run a full node and get a subsidy based on your uptime, transactions forwarded, etc. so people are incentivized to keep nodes running, and then *when* you have a solid network of nodes, you can devise IP anonymity protocols that leverage it.

Otherwise IMHO it's like putting the proverbial horse in front of the cart. :/