RE: all replying to me:
I never said that it would be de-listed from all places, obviously you can never fully kill crypto, that's what makes it great. what i was saying is that it could very well be de-listed from ALL MAJOR EXCHANGES. which won't kill the coin, but it will greatly affect it's value.
The reason i think that there's a strong chance for it to be de-listed is for the same reason that you all think is so amazing, darksend. darksend is a direct threat to many establishments in the world. setting aside my own beliefs as to weather this is a good thing or not, the trader in me is seeing the big picture. and in that big picture i simply do not see all of the different organizations worldwide which try to stem the corruption of money laundering to simply turn a blind eye to darksend, if it proves successful.
I think that it's simply hippy naivite which keeps people chanting that darksend is so amazing, without the perception that there will be large forces at work who would not want to see something like darksend succeed. and as much as i've like to see crypto take over the world, trust me darksend will "stir the pot" one hell of a lot more than i am here on this thread simply trying to talk rationally.
DRK is great for X11, and DGW. there is a large possibility that darksend could be detrimental.
you don't have to agree with me, but try to understand the point i'm making.
If you look here, I have covered the position under 'regulations'
https://bitcointalk.org/index.php?topic=579976.msg6335710#msg6335710The US has already given an early indication on anonymous crypto. Their initial indicators are that moving around crypto is ok, moving between crypto and fiat is going to be regulated like any other money transmission. That is where you get ID checked.
So the degree of anonymity is a matter for the individual, just like cash. If you want to use an exchange to interact with fiat, you have to give them ID, but the block chain doesn't get to know who you are. If you don't want to give them ID, that's a matter for you and any private arrangements you make to get access to fiat, just like regular cash.
I've done the homework for you, you just have to read it.
ok FINALLY! someone who isn't just pushing crap around like a dung beetle. this is what i want to talk about!
So as far as i know, there's still money laundering which happens with both the USD and Bitcoin, but since they're both traceable (serial numbers on bank notes, and the blockchain on bitcoin). The argument has been made that as long as there's fiat dollar bills in circulation, you can't fully clamp down on things like crypto, as dollar bills are just as easy to move around. ok, everyone still with me?
I've also read that a bitcoin transaction can ultimately be traced. That some people at gawker bought weed from the silkroad publically, and asked if anyone could trace it. it was hard, but they found someone smart at a university who could ultimately trace the transaction back to them. This is the crux of my argument, if say the government wants to trace something badly enough, then they can using the blockchain, if large amounts of fiat turn into crypto, then there's a record of that transaction, it can ultimately be traced back.
With darksend, if i'm not mistaken, this ability to ultimately be traced back gets extinguished. much to the joy of annonymous supporters, and much to the dismay of law enforcement officials.
I'm not saying that every bitcoin transaction is traceable, infact it looks like you have to expend a fair amount of energy and resources to actually do a proper trace on funds moving around with crypto, but it is *mostly* possible. i can't help but think that this is what is keeping a high value on crypto at the moment. and that if this suddenly vanished, and you COULDN'T move fiat into crypto as easily, nowhere as easily at all, then it would not cause the price to "explode" cause you could never do anything with it. value comes largely out of market cap which is tied to liquidity. am i wrong?
also, as a side note. i asked in here clear as day what the best alternative to DRK was which used X11. I had read about HIRO in another thread, which made me come here. Everyone knows that DRK is the x11 originator, obviously i'd come to the source, to the originator of the algorithm for clues as to a master list of other coins using the same algorithm. I have not seen a full list of all available X11 currencies yet, so far the only thing anyone has told me in here is to look at HIRO. All i want is X11, and maybe DGW, that's it. If anyone can post a link to all the available X11 currencies i'd be very happy to read it, as i have 7MH which is sitting around because my building hasn't turned the AC on yet, and i'm tired of walking around butt nekkid xD
