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arloseb
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January 20, 2015, 04:38:00 PM |
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We will see.....
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Torque
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January 20, 2015, 04:41:13 PM |
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What exactly does "transparency to pricing" mean?
It means in the future Wall St will be the speculative market setting the price like Gold and GLD ETF with BTC ETFs Well, yes then I believe this is a big fucking deal. Let's have a bitcoin IPO! Lol |
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justusranvier
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January 20, 2015, 04:41:29 PM |
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What exactly does "transparency to pricing" mean?
All Your Bitcoin Are Belong To Banksters |
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hdbuck
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January 20, 2015, 04:48:18 PM |
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What exactly does "transparency to pricing" mean?
All Your Bitcoin Are Belong To Banksters good luck for them putting their hands on my private keys. |
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lebing
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Enabling the maximal migration
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January 20, 2015, 05:20:06 PM |
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What exactly does "transparency to pricing" mean?
All Your Bitcoin Are Belong To Banksters good luck for them putting their hands on my private keys. They don't want yours. They already got their hands on hundreds of thousands of cheap coins during the last month. We know what comes next. |
Bro, do you even blockchain?
-E Voorhees
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tvbcof
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January 20, 2015, 06:13:16 PM |
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I agree with you, but that is the future, not today's reality. Mining will one day be done almost entirely by datacenters. You may not know exactly where they are, but they will be well protected by very large guns. Bitcoin doesn't need jurisdictions because you know you can't trust anyone, you can only trust the protocol and how it is engineered to balance mathematical security and networking limitations. If a major mining firm is going to overtly attack the network, it will destroy their investment. If they attack an individual, then it is best that you remain as anonymous as possible.
And if they attack you because you are anonymous? That doesn't actually seem like it should be a hugely challenging technical problem if there was sufficient pressure to do it (such as the forfeiture ones mining gear for example.) If you are anonymous, they wouldn't know about your mining gear now, would they? Cancelling an anonymous payment might be a hospital bill for a child with cancer. That would not bode well for the miner that signed that block. Anonymity for users (against miners) and anonymity for miners (against regulators) are two different things. Both are interesting but they are far from interchangeable. In both cases, knowing with some precision what is happening on the network is quite straightforward. The protocol makes no efforts to be discrete. Yes, it would be fairly trivial to encapsulate it but endoints don't grow on trees and would add notably to the complexity and expense of system design. And only solves certain parts of the theoretically possible problems. If "forget about anonymity" then can you tell me what it is about Bitcoin that makes it particularly worth supporting or using.
Who are you quoting? I presume it is Mr. Strawman. Bitcoin is pseudonymous. Anonymity is a social construct. It's not part of the protocol, but how it is used. Clearly this is no strawman for those who know what a strawman actually is. It's an effort to save a go-around for efficiency reasons. See the "If"? Wanna answer the question? My answer would be 'counter-party risk protection' but to say the truth there would be so little else that I would pretty much be forced to move on to more promising pastures (which also provided counter-party risk protection as a minimum.)
Your strawman attempt at leaving wiggle room is in vain. You cannot have counter-party without trust in an authority. You Sir, are a Statist. Asserting a strawman where it doens't exists then excusing yourself from a losing argument (or one which has exceeded your capabilities) is as old as the hills. It pre-dates the http protocol at least and I know this for a fact. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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tvbcof
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January 20, 2015, 06:28:11 PM |
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more promising pastures (which also provided counter-party risk protection as a minimum.)
Which ones are those? I don't know of any. I don't either. I've been remiss in studying alts because there are just so fucking many of them. My strong sense is that NONE of them are really biting off the problems that are important to me. Everyone seems to be happy to nestle in the gentle bosom of big brother to offer protection of freedom on the global internet. The concept that restrictions on paths, protocols, etc might be possible seems to be rejected out of hand as a wild conspiracy and not worth designing around...even as Obama and Camaroon agree that their boys should not be locked out of one's cell phone. It boggles the mind...then I remember how tedious and difficult it is to design systems around fewer resources than currently exist. No fun at all (though I always enjoyed it but I'm an odd-ball) and not the best way to suck in VC money or impress adolescent marks in the ecosystem. I'm sure that interests would shift rapidly upon attack...though maybe not rapidly enough if the attack is done correctly (that is, in a boiling frog approach.) |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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Trolfi
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January 20, 2015, 07:33:50 PM |
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But you are right, trying to argue a technical discussion here is a terrible waste of time.
*Thumps chest vigorously* |
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rocks
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January 20, 2015, 08:24:45 PM |
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Related to the Greed discussion earlier. Former CEO of Citibank personally invested in Coinbase's latest $75M raise. http://dcmagnates.com/coinbase-secures-record-75-million-investment-led-by-dfj/Slowly but surely Bitcoin is creeping into the halls of those in power. Unlike with most new constructs where most of us are blocked by regulation from participating since we are not "accredited investors", with Bitcoin we can invest directly and in many cases front run wall street. |
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tvbcof
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January 20, 2015, 08:36:55 PM
Last edit: January 21, 2015, 02:52:55 AM by tvbcof |
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A more appropriate title would in my opinion be ' Leap before anyone looks.' I've always considered Gavin a fairly honorable dude, especially by the ecosystem standards, but one still has to watch the pea when reading what he writes. Especially when he talks UTXO. - edit: emphasis, link |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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stellar69
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January 20, 2015, 08:39:14 PM |
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Was just wondering that where are you taking this discussion? |
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sickpig
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January 20, 2015, 08:51:24 PM |
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Was just wondering that where are you taking this discussion? Sorry I'm not a native english speaker and I'm not sure about the meaning of what you said. Any chance you're saying that the content of my post is OT? |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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ssmc2
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January 20, 2015, 09:22:39 PM |
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sickpig
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January 20, 2015, 09:26:54 PM |
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Peter Todd talking about incentives, bitcoin mining and sidechains at TNABC : https://www.youtube.com/watch?v=XCACPwpYlIY<=490I show up [a slide about] Blockstream as an example, they're working on sidechains.
Many aspects of SC, I think, are quite good...
... merge mined SC, to make a long story short, involves mining in a very
specific way, indeed add a lot of incentives to mining, and already mining
it's kind of dodgy whether or not it works, so by adding more complexity
to the incentive.. can you reason about it? I'm not sure...
ps @stellar69 just in case, sorry for the OT. |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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lunarboy
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January 20, 2015, 10:08:51 PM |
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Don't think anything relevant is OT in this thread but just in case. from today gold's best 7-day run since Aug 2011 (shifting to 5-month highs)  |
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smooth
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January 20, 2015, 10:11:55 PM
Last edit: January 20, 2015, 11:35:40 PM by smooth |
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Don't think anything relevant is OT in this thread but just in case. from today gold's best 7-day run since Aug 2011 (shifting to 5-month highs) Only gold collapsing is on topic, and only bitcoin going UP. That's why traffic on this thread dried up a year or so ago. |
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cypherdoc (OP)
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January 21, 2015, 01:37:04 AM |
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What exactly does "transparency to pricing" mean?
All Your Bitcoin Are Belong To Banksters good luck for them putting their hands on my private keys. They don't want yours. They already got their hands on hundreds of thousands of cheap coins during the last month. We know what comes next. yes we do |
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inca
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January 21, 2015, 01:41:14 AM |
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What exactly does "transparency to pricing" mean?
All Your Bitcoin Are Belong To Banksters good luck for them putting their hands on my private keys. They don't want yours. They already got their hands on hundreds of thousands of cheap coins during the last month. We know what comes next. yes we do Indeed.  |
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