oceantiger
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January 22, 2019, 11:35:15 AM |
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It is a great resume and this is worth noting. I know that the concept of blockchain which Satoshi and his team gave to the world is innovative as it cuts across the whole facets of human endeavour.
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doublespend timestamp (OP)
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January 22, 2019, 11:45:08 AM |
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I concur, but James not bullish on helping the cited groups, and I support him in that. It was unavoidable residual. Would he be stoked the Israeli profs made Zcash which has a built-in ability to be clicked for more Zcash? I doubt it. He actually spoke well in a social media post for Monero a couple of years ago.
Blockchain was invented in 1995 as I understand it, with a series of NYT photos having been strung. In a blockchain. Satoshi Bowery mightily proved the monetary methodology. Apollo seems to have successfully built upon his historic proving ground.
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Phinnaeus Gage
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Bitcoin: An Idea Worth Spending
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January 22, 2019, 06:05:09 PM |
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somehow Satoshi identity discussion has turned into the goat simulator advertising I'm pretty sure Satoshi Nakamoto is not a single individual, but rather a group of people could be wrong, but I have had this hunch for quite some time but even if his identity is revealed and proved I can't see how can this change anything at all other than tickle some curiosity bones around the world Tomorrow on Ellen, Satoshi Goatamoto ... "I met Satoshi Goatamoto at an undisclosed barn in the Midwest and he proved to me beyond doubt that he's the real Satoshi." "Somethin' doesn't add up!" "Back from visiting my mother ship, signal theory dictates that if it smells like a goat, walks likes a goat and fucks like a goat, then it's not an alpaca." Thanks for the merits, guys. Back on-topic, I don't concur with dt's assessment but won't diss him for his beliefs. Further, unless his diatribes are too far out there, I do enjoy the reads.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 22, 2019, 06:39:53 PM |
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[edited out]
Thanks for the merits, guys. Back on-topic, I don't concur with dt's assessment but won't diss him for his beliefs. Further, unless his diatribes are too far out there, I do enjoy the reads. Can I take back the smerit that I sent to you? hahahahahaha
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Phinnaeus Gage
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Bitcoin: An Idea Worth Spending
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January 22, 2019, 07:32:22 PM |
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[edited out]
Thanks for the merits, guys. Back on-topic, I don't concur with dt's assessment but won't diss him for his beliefs. Further, unless his diatribes are too far out there, I do enjoy the reads. Can I take back the smerit that I sent to you? hahahahahaha Gulp! Too late, bud, for I just gave it away --> https://bitcointalk.org/index.php?topic=5084077.msg48689200#msg48689200.
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Mugtaiya
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January 23, 2019, 06:29:11 PM |
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Thanks. A very enjoyable thread. Satoshi Nakamoto, the founder of this forum, is super C++ coder, James Allen Bowery, 64, of Shenandoah, Iowa. https://twitter.com/jaboweryHe used to work for Control Data Corporation which morphed into [Robert] Cray [Supercomputers]. He has been programming since 1972. I hope this helps. Most enjoyable post I've seen in existence on here. Thanks for the laugh!
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AGD
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January 24, 2019, 06:09:59 AM |
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... Now that the world knows who Satoshi Nakamoto is, investors have this to consider. ...
Case closed.
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doublespend timestamp (OP)
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January 24, 2019, 06:09:39 PM Last edit: January 24, 2019, 09:02:24 PM by doublespend timestamp |
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AGD, despite your attractive, incisive, confidence-inspiring Charlie Manson avatar, I noticed your AGD member-listing on an early screen shot of Satoshi's posting on this forum. So you've acquired bitcoin at an early price, and would have a lot to lose, were the investing public to sweepingly consider James' sole ability to move its price. Apart from many having autistic inclinations and being on the hoarding spectrum, I don't really fully understand how you autists think-- I suppose it is like a Millennial's watching fake news on CNN or MSNBC-- 'it must be true if it's on leftist corporate TV.' You seem truly incredulous Satoshi isn't actually (couldn't possibly be other than?) a relatively young exotica Japanese from the 200-mile-across Tokyo megalopolis or one of the hackneyed suspects unoriginally and ever-echoed by the net press. Anybody can be a journalist; it is a craft, not an art. Is that a photo of James Satoshi Bowery circa 1974? Looks like James.Spasim (abbreviation of ‘space simulation’) was a 32-player 3D networked computer game by Jim Bowery involving 4 planetary systems with up to 8 players per planetary system, released in March 1, 1974. Jim Bowery claims that it is the very first 3D multiplayer game and has offered reward of US $500 to anyone who could document an example of a multiplayer 3D virtual reality game prior to Spasim. In Spasim the players flew around in space and to each other they appeared as wire-frame space ships. Their positions were updated about every second. The game was played on the PLATO computer system. https://www.aneddoticamagazine.com/plato/ ... President Vladimir Putin raised the matter directly with Greek Prime Minister Alexis Tsipras.
... According to media reports, BTC-e processed $66 million worth of anonymous transactions every day at its peak in June 2017. In Vinnik’s indictment, the exchange is described as “one of the primary ways by which cybercriminals around the world transferred, laundered and stored the criminal proceeds of their illegal activities.”
Vinnik, who according to Russian media reports was recently hospitalized after going on a hunger strike, could spend 55 years behind bars if convicted of all the US charges against him.
Vinnik’s odyssey through the US, Russian, Greek, and French legal systems began in sunny Chalkidiki, Greece, in July 2017. His annual family vacation there slammed to a halt with his arrest at the hands of some 20 plainclothes police officers.
Vinnik, then 37, was known in the murky world of Moscow digital currency exchangers as “Sasha WME.” According to a 21-count US indictment unsealed by the Northern District of California the day after his arrest, he was an online money launderer and the brains behind the now-defunct cryptocurrency exchange known as BTC-e, once one of the world’s largest.
Vinnik was apprehended on the beach of the Avaton Luxury Villas Resort hotel, where the most extravagant suite runs more than $1,000 a night. Police seized five mobile phones, four credit cards, two laptops, two tablets, a 256-gigabyte thumb drive, and a router. He had apparently kept up with the office even on vacation.
And it was a busy office. US prosecutors estimate Vinnik helped launder between $4 billion and $9 billion in bitcoin tied to cybercrime, drug trafficking, public corruption, and tax refund fraud schemes.
(What is BitCoin? Click here to read.)
investigations/Vinnik.jpg Alexander Vinnik is escorted by police officers while leaving a court in Thessaloniki, Greece, October 4, 2017. Credit: REUTERS/Alexandros Avramidis The Russian cyber-espionage group known as Fancy Bear was among BTC-e’s clients, according to the blockchain forensics company Elliptic, and US prosecutors allege Fancy Bear in turn used bitcoin to fund hacking the Democratic National Committee. US prosecutors have alleged in 2018 that Fancy Bear is actually part of the GRU, the acronym for Russian military intelligence, while other security firms and experts speculate the group works in cooperation with the GRU. https://www.occrp.org/en/investigations/us-and-russia-spar-over-accused-crypto-launderer
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Phinnaeus Gage
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Bitcoin: An Idea Worth Spending
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January 24, 2019, 06:10:54 PM |
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... Now that the world knows who Satoshi Nakamoto is, investors have this to consider. ...
Case closed. Do I get de-merit if one of posts is deleted from this thread? To be fair, the deletion was legit, with my bad on my part.
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nutildah
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Happy 10th Birthday to Dogeparty!
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January 25, 2019, 07:57:05 AM |
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Do I get de-merit if one of posts is deleted from this thread? To be fair, the deletion was legit, with my bad on my part.
No actually but its not a bad idea. Furthermore, people should be able to spend 10 of their own sMerits to delete one of somebody else's merits... with no limit. So theoretically a Legendary could be ranked back down to Newbie, but it would cost a minimum of 10,000 sMerits.
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AGD
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Keeper of the Private Key
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January 25, 2019, 08:26:00 AM Last edit: January 25, 2019, 10:43:24 AM by AGD Merited by JayJuanGee (1) |
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AGD, despite your attractive, incisive, confidence-inspiring Charlie Manson avatar, I noticed your AGD member-listing on an early screen shot of Satoshi's posting on this forum. So you've acquired bitcoin at an early price, and would have a lot to lose, were the investing public to sweepingly consider James' sole ability to move its price. Apart from many having autistic inclinations and being on the hoarding spectrum, I don't really fully understand how you autists think-- I suppose it is like a Millennial's watching fake news on CNN or MSNBC-- 'it must be true if it's on leftist corporate TV.' You seem truly incredulous Satoshi isn't actually (couldn't possibly be other than?) a relatively young exotica Japanese from the 200-mile-across Tokyo megalopolis or one of the hackneyed suspects unoriginally and ever-echoed by the net press. Anybody can be a journalist; it is a craft, not an art. Is that a photo of James Satoshi Bowery circa 1974? Looks like James.Spasim (abbreviation of ‘space simulation’) was a 32-player 3D networked computer game by Jim Bowery involving 4 planetary systems with up to 8 players per planetary system, released in March 1, 1974. Jim Bowery claims that it is the very first 3D multiplayer game and has offered reward of US $500 to anyone who could document an example of a multiplayer 3D virtual reality game prior to Spasim. In Spasim the players flew around in space and to each other they appeared as wire-frame space ships. Their positions were updated about every second. The game was played on the PLATO computer system. https://www.aneddoticamagazine.com/plato/ ... President Vladimir Putin raised the matter directly with Greek Prime Minister Alexis Tsipras.
... According to media reports, BTC-e processed $66 million worth of anonymous transactions every day at its peak in June 2017. In Vinnik’s indictment, the exchange is described as “one of the primary ways by which cybercriminals around the world transferred, laundered and stored the criminal proceeds of their illegal activities.”
Vinnik, who according to Russian media reports was recently hospitalized after going on a hunger strike, could spend 55 years behind bars if convicted of all the US charges against him.
Vinnik’s odyssey through the US, Russian, Greek, and French legal systems began in sunny Chalkidiki, Greece, in July 2017. His annual family vacation there slammed to a halt with his arrest at the hands of some 20 plainclothes police officers.
Vinnik, then 37, was known in the murky world of Moscow digital currency exchangers as “Sasha WME.” According to a 21-count US indictment unsealed by the Northern District of California the day after his arrest, he was an online money launderer and the brains behind the now-defunct cryptocurrency exchange known as BTC-e, once one of the world’s largest.
Vinnik was apprehended on the beach of the Avaton Luxury Villas Resort hotel, where the most extravagant suite runs more than $1,000 a night. Police seized five mobile phones, four credit cards, two laptops, two tablets, a 256-gigabyte thumb drive, and a router. He had apparently kept up with the office even on vacation.
And it was a busy office. US prosecutors estimate Vinnik helped launder between $4 billion and $9 billion in bitcoin tied to cybercrime, drug trafficking, public corruption, and tax refund fraud schemes.
(What is BitCoin? Click here to read.)
investigations/Vinnik.jpg Alexander Vinnik is escorted by police officers while leaving a court in Thessaloniki, Greece, October 4, 2017. Credit: REUTERS/Alexandros Avramidis The Russian cyber-espionage group known as Fancy Bear was among BTC-e’s clients, according to the blockchain forensics company Elliptic, and US prosecutors allege Fancy Bear in turn used bitcoin to fund hacking the Democratic National Committee. US prosecutors have alleged in 2018 that Fancy Bear is actually part of the GRU, the acronym for Russian military intelligence, while other security firms and experts speculate the group works in cooperation with the GRU. https://www.occrp.org/en/investigations/us-and-russia-spar-over-accused-crypto-laundererSatoshi is dead and pandoras box has been opened already. JB is not Satoshi - not because I don't want him to be the Bitcoin creator (actually I don't know him and I don't care what political view he has), but because you didn't provide any proof of your allegations. You just keep posting random stuff to make it look, like you are actually trying to provide some proof, but i reality you are just spamming this forum with things you just found out on the internet. The BTC-E story is old and many people know it already. Has nothing to do with Satoshi Nakamoto, only that both have a Bitcoin history.
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jademaxxiss012
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January 25, 2019, 08:31:14 AM |
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Thanks. A very enjoyable thread. Satoshi Nakamoto, the founder of this forum, is super C++ coder, James Allen Bowery, 64, of Shenandoah, Iowa. https://twitter.com/jaboweryHe used to work for Control Data Corporation which morphed into [Robert] Cray [Supercomputers]. He has been programming since 1972. I hope this helps. Most enjoyable post I've seen in existence on here. Thanks for the laugh! NAh. if it was that person did he make a public appearance and confirming this claim? I am not believing unless one will make a public appearance and confirm the identity. FOr sure, it will become a great rally for bitcoin market price knowing the founder has already been identified to which it could build up confidence among the investors of bitcoin.
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doublespend timestamp (OP)
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January 25, 2019, 05:05:39 PM Last edit: January 25, 2019, 05:19:57 PM by doublespend timestamp |
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Satoshi Bowery, January 17th, 2019, 4:23 PM Central, to his mother, on his first meeting Chris Langan https://en.wikipedia.org/wiki/Chrisopher_Langanwho lives around 100 miles or so away in northwest Missouri: James Bowery: By the way, the first time he and I met in person, I said:
"So you smart, huh? I though yo' haid'd be biggah."
That's when I tried to put my hat -- one of the few that fits me because it was dad's -- on his head and it fell off like one of those little clown hats. https://www.facebook.com/jabowery?ref=br_rs=========== https://en.wikipedia.org/wiki/Chrisopher_Langan ... Christopher Michael Langan (born March 25, 1952) is an American independent scholar known for his claim of having a very high IQ.[1] In an interview, Errol Morris on First Person in 2001, related that his IQ is "somewhere between 190 and 210". As a result of his supposed score, he has been described as "the smartest man in America" as well as "the smartest man in the world" by some journalists.[2]
... Langan attended high school but found himself spending his last years engaged mostly in independent study, due to relative indifference of his teachers in accommodating his pleas concerning his increasing need and capacity to absorb more advanced material. While left to his own studies, he started teaching himself "advanced math, physics, philosophy, Latin, and Greek".[4] He has claimed that he earned a perfect score on the SAT (pre-1995 scale) despite taking a nap during the test.[9]
... Langan said he developed a "double-life strategy": on one side a regular guy, doing his job and exchanging pleasantries, and on the other side coming home to perform equations in his head, working in isolation on his Cognitive-Theoretic Model of the Universe (CTMU).[4]
... Langan told Muscle & Fitness magazine that "you cannot describe the universe completely with any accuracy unless you're willing to admit that it's both physical and mental in nature"[12] and that the CTMU "explains the connection between mind and reality, therefore the presence of cognition and universe in the same phrase".[13] Langan contends that anything sufficiently real to influence reality must be within reality, and that mind and reality are ultimately inseparable to the extent that they share common rules of structure and processing.[14] He calls his proposal "a true 'Theory of Everything', a cross between John Archibald Wheeler's 'Participatory Universe' and Stephen Hawking's 'Imaginary Time' theory of cosmology."[4]
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Phinnaeus Gage
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January 25, 2019, 05:47:12 PM |
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Do I get de-merit if one of posts is deleted from this thread? To be fair, the deletion was legit, with my bad on my part.
No actually but its not a bad idea. Furthermore, people should be able to spend 10 of their own sMerits to delete one of somebody else's merits... with no limit. So theoretically a Legendary could be ranked back down to Newbie, but it would cost a minimum of 10,000 sMerits. I triple-dog dare you to present such to theymos, bud.
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doublespend timestamp (OP)
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January 25, 2019, 06:46:35 PM Last edit: January 25, 2019, 07:40:45 PM by doublespend timestamp |
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Do I get de-merit if one of posts is deleted from this thread? To be fair, the deletion was legit, with my bad on my part.
No actually but its not a bad idea. Furthermore, people should be able to spend 10 of their own sMerits to delete one of somebody else's merits... with no limit. So theoretically a Legendary could be ranked back down to Newbie, but it would cost a minimum of 10,000 sMerits. I triple-dog dare you to present such to theymos, bud. It was bad and a serious blow to AmeriKwan culture when Kroger's dropped S & H Green Stamps. The Masons are dying off too. An Extremely Important Conversation With James Bowery and Dr. Kevin Macdonald https://www.youtube.com/watch?v=A6qTskeLFzY=============== When Satoshi Nakamato created Bitcoin, the idea was to have a global decentralized network of hundreds of thousands of nodes located in different countries owned by different people so that no government could control or regulate Bitcoin.
In practice, Bitcoin has become dangerously centralized. Today, the top three mining pools control more than 51% of the mining market and they are all based in China. Two of those mining pools are owned by a single mining equipment manufacturer, Bitmain, also in China. When it comes to voting on forks to Proof-of-Work blockchains, these mining pools are incentivized to vote on whatever keeps their mining operations profitable, not necessarily what’s best for users or blockchain mass adoption. To combat this centralization, Obelisk gets rid of block rewards altogether.
... Block rewards are also one of the biggest barriers to mass blockchain adoption because they’re essentially expensive payments for slow data entry. https://medium.com/@Skycoinproject/obelisk-819599893266
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doublespend timestamp (OP)
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January 28, 2019, 12:28:18 AM Last edit: January 28, 2019, 12:51:43 AM by doublespend timestamp |
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We have already seen 'baldrson's' (James Allen Bowery's) post about moving back to Iowa in 2008 with Jan. Stefan Thomas, a Swiss coder and active community member, graphed the time stamps for each of Nakamoto's bitcoin forum posts (more than 500); the resulting chart showed a steep decline to almost no posts between the hours of 5 a.m. and 11 a.m. Greenwich Mean Time. This was between 2 p.m. and 8 p.m. Japanese time, suggesting an unusual sleep pattern for someone presumably living in Japan. As this pattern held true even on Saturdays and Sundays, it suggested that Nakamoto was asleep at this time.[4]
...Gavin Andresen has said of Nakamoto's code: "He was a brilliant coder, but it was quirky".[28] https://en.wikipedia.org/wiki/Satoshi_NakamotoFrom this engine, http://www.timebie.com/timezone/centraljapan.phpwe can see 2pm in Japan is 11pm Central time (previous day) in Iowa, USA, and 8pm in Japan is rooster-crowing 5am in Shenandoah, southwest Iowa, USA. In other words, James, assiduously sockpuppeting as Satoshi Nakamoto, rarely posted after 11pm Central, or before 5am Central, a 6 hour time period. Those are normal sleeping hours for a man born and raised in Indianola, Iowa in the early 1950's.
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doublespend timestamp (OP)
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January 29, 2019, 04:10:50 AM Last edit: January 29, 2019, 07:47:37 AM by doublespend timestamp Merited by Phinnaeus Gage (1) |
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His close friend who surely didn't know who he is said that of his coding stylistics. Satoshi Bowery said bitcoin was in good hands with Gavin. I saw another younger expert-- he was quite well known in the field in that coding language-- exclaim something to the effect Satoshi had some particular unusual flair...or seemed self-taught (preposterous) something like that. I ascribe it to that language perhaps being less used in late 2008, and James' few years away from daily professional coding during the period in question. James' exacting style may have, in some elements, harkened back to 1972 till the late 70's? =================== Any coders with a PC who would like to see an example of James' coding style can go to echeque.com (a supposed site of the fictional "James A. Donald" James A. Bowery) and download Crypto Kong. It looks all garbled on an Apple machine; I suppose no way to translate it back. A Hex decoder would or would not work? http://www.echeque.com/Kong/install.htmIf you are a very skilled coder familiar with bitcoin core, please post some example stylistic code comparisons to Crypto Kong, whatever your take is. =================== If you search around jim.com you may fine where James wrote the following piece. I believe it was 2001, though it could have been the late or mid-90s or even earlier. http://www.echeque.com/Kong/plan.htmTo main Crypto Kong page A plan for the introduction of internet cash.
The opportunity
The internet needs methods by which value can be stored on the net and swiftly transferred. While credit card methods and account methods are superior for some cases, they are unsatisfactory for others. The internet needs something that can be used like cash.
The first business to support a protocol that becomes widely adopted is likely to obtain early adopter revenues of the order of ten million dollars. If commerce in general moves to the internet, then in the long run that business might, if it or its successor remains dominant, obtain the revenue corresponding to the interest on a float of around three hundred billion, a revenue stream probably of around ten billion dollars a year. See revenue estimates.
The problem: Critical mass
These very exciting prospects have lured many businesses to attempt to provide such facilities, the best known being Mark Twain Bank. All have failed. In existing proposals I briefly review most of these proposals and their failure.
The key problem in introducing a medium of exchange to the internet is critical mass. You will not get sellers accepting your medium until you get lots of buyers offering your medium, and vice versa. Yet none of these businesses adopted a business model targeted at the critical mass problem. All acted as if they had a solution for which there was existing widespread demand, when this was not the case:
One great error was to think that they were in the software business when in fact they were in the money issue business. Transaction software should be free and open source, because you want as many people to adopt it and incorporate it into their products as possible. The software is of no value if there is no critical mass, and if there is critical mass then the first and leading issuer is likely to have an overwhelming advantage even if it gives its software away, because most people will prefer to use the money issued by the oldest and biggest issuer. If a competitive issuer appears using the same software, then this creates the appearance of momentum, leads people to expect that critical mass is coming and encourages them to support the protocol, to use it, creates the bandwagon effect that you need. The existence of competitors also reassures merchants that they can use the protocol without becoming captives. If you have an existing market, competitors are a disadvantage. If you seek critical mass, if you seek to create a market, competitors are an advantage. You cannot be first unless there is someone else to be second. Once we get several competing businesses issuing transferable promises to pay or deliver (competing compatible digital monies) using the same protocol, then that protocol has enormously greater credibility, hence tends become a standard, tends to get built into web browsers, web servers, and preinstalled on $400 computers for the masses. The other great error was that they failed to target a niche market. You need to achieve critical mass in one small part, and once you have achieved critical mass in that small part, growth will follow naturally.
The initial niche market in which to first achieve critical mass: Pornography
The customers of pornographers want a payment mechanism that is payer anonymous and suited to small transactions. The merchants want a system that is irrevocable (which payee anonymity ensures) and suited for small transactions. The system I describe in Anonymous Electronic Cash provides payer/payee anonymity and can provide support for small transactions.
Customers do not like to subscribe, or use credit cards to subscribe, because the porn merchants tend to be scammers, and because they fear embarrassing stuff on their credit card bills. There have been famous events where interesting items on someone's credit card have come back to haunt him many years later.
Pornography merchants do not like credit cards because of very high chargebacks. A major problem with existing payment mechanisms is something porn sites call the gak factor. Husbands run up a credit-card bill at Suzy's Smut Shop, then go "gak" when their wives see the monthly statement. Most, of course, deny any knowledge of the nefarious charges. The wife then calls the bank that issued the card, reports the charge as bogus, and the bank cancels it. The porn site is out the price of the subscription and has to pay the bank a penalty fee for the charge-back.
Small transactions also mean easier sales: If you charge someone a nickel or a quarter for a little bit of pornography, you can take advantage of the potato chip effect. It is easier to sell someone pornography by the quarter than by the subscription.
Pornography has always led the early adoption of new technologies. Pornography drove the deployment of the VCR and of CD-ROM drives. Just a few years ago, 65% of all CD-ROM's sold were pornographic.
Of course the pornography market is already an inconveniently large market, too large to easily establish critical mass. We shall start by targeting a niche within the niche, some unusual and unpopular sexual preference. The plan
First we create the minimum system that will allow one person to pay another through the internet with payer/payee untraceability. This has capability has never existed. (Magic money never provided any usable redemption system.)
This requires a server from which anyone could purchase coins without human intervention, and which could exchange or redeem coins without human intervention.
Because we want a server that is always up, and provides the swift long distance response that the internet is designed for, the client program would talk HTTP to the server when one purchases, exchanges, or redeems coins.
Redemption is the hard part since we need to pay people over the internet and paying people money over the internet is precisely the problem that we seek to solve.
We could use the existing e-gold mechanism, allowing people to purchase e-gold with the coins, or we could allow them to spend the coins to direct the server to send a conventional check through the banking system, having the server pretend to be a human client of one of the many banks that allow you to log on through the internet, and direct them to send a paper check to someone. Convertibility into e-gold would be the least work, and would provide the fast response that people expect for redemption. E-gold is not widely acceptable, but this is after all only intended to be a working prototype, a basis for an internet standard, and people do have faith in gold.
For the product to be useful and widely adopted we will eventually need to provide an interface to the banking system, a way to purchase bank instruments with electronic coins, or rather several interfaces, taking advantage of several regulatory jurisdictions, but we will not need this for the initial task, which is to establish a brand identity. The long run objective is to give away the software, and make money off the brand.
The likely early adopters are sellers of bootleg mp3s and purchasers of illegal porn. This deployment is unlikely to generate any significant income. This initial step is merely to prove concepts, generate publicity, and establish a brand name.
The brand name will be applied to a number of later products, with tokens that represent various kinds of value, and servers in various jurisdictions. By using a brand name that has been around for a while, this will give users confidence that we will not take their money and run, as some purporting to offer internet transaction services have done.
This initial project will merely enable individuals to manually transfer money from one individual to another through any transfer of text, among them email, icq and hotline. Hotline is analogous to ftp plus chat. Many hotline users have a considerable need for some payee anonymous form of payment, particularly those who run hotline servers.
To be useful, to be a product capable of generating income, we need to create software that allows servers to sell downloads for cash, and allows people to purchase downloads from their browser. So the next step is to create such software. (Later, much later, we will also support shopping carts but that will put us in direct competition with Visa and Mastercard, which is not a good place to start.)
We know from the experience of those that have done this before that merely creating the tools and offering them will not be enough. After creating the necessary tools, we will need to go out and artificially create critical mass within some narrow specialty. No one could create critical mass on the internet as a whole, or even in the pornography industry as a whole, however it should be feasible to create critical mass within a portion of the industry specializing in serving some narrow, unusual, and repugnant sexual preference.
If we create tools that make it reasonably easy and convenient to sell information using our protocol and we make these tools freely available for anyone to use without need for our knowledge or permission and we achieve critical mass within some narrow and particular market, then things should avalanche. We should in due course see world wide adoption of our standard, resulting in world domination for those financial transaction products which have the earliest and strongest brand name association with that protocol.
Once the bandwagon is rolling, and we have critical mass within a large and rapidly growing portion of the internet economy, then we IPO the brand (having already given away the software, without which the brand would be worthless) and retire rich.
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