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traincarswreck
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September 11, 2014, 09:47:01 PM |
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I am not sure I fully understand the system of the link, but it seems to me among the associated tags are "princeton university" and "newjersey" another is "bad law", "anonymous writer" and a link to this https://www.idmarch.org/document/Federalist+No.+47The Federalist Papers are a series of 85 articles and essays written by Alexander Hamilton, James Madison, and John Jay promoting the ratification of the United States Constitution The authors used the pseudonym "Publius", in honor of Roman consul Publius Valerius Publicola. It has always been my understanding that szabo has both studied and rewritten the constitution. And bitcoin was the economic force for this change. It would mean "Szabo" did an internet version of the federalist papers. He began to think and function ABOVE constitutional and national law.
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mviv
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September 11, 2014, 09:49:18 PM |
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intighet
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mene mene tekel upharsin
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September 11, 2014, 09:49:45 PM |
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Can someone explain how this 'vulnerability' went unexploited for so long? A brute-force attack on data like a birthday seems very silly.
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Malus pro bono surrepat, et bonus pro malo displiceat; fallaces enim sunt rerum species, quibus credidimus.
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itod
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^ Will code for Bitcoins
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September 11, 2014, 10:10:18 PM |
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You can almost bet Szabo is not Satoshi looking at the style and contents of his denial being Satoshi: http://unenumerated.blogspot.com/2011/05/bitcoin-what-took-ye-so-long.htmlWhile the security technology is very far from trivial, the "why" was by far the biggest stumbling block -- nearly everybody who heard the general idea thought it was a very bad idea. Myself, Wei Dai, and Hal Finney were the only people I know of who liked the idea (or in Dai's case his related idea) enough to pursue it to any significant extent until Nakamoto (assuming Nakamoto is not really Finney or Dai). Only Finney (RPOW) and Nakamoto were motivated enough to actually implement such a scheme. One can deny being Satoshi in many ways, but I doubt Szabo would lie he is not him in this colorful way. Move on to another candidate.
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traincarswreck
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September 11, 2014, 10:19:05 PM |
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You can almost bet Szabo is not Satoshi looking at the style and contents of his denial being Satoshi: http://unenumerated.blogspot.com/2011/05/bitcoin-what-took-ye-so-long.htmlWhile the security technology is very far from trivial, the "why" was by far the biggest stumbling block -- nearly everybody who heard the general idea thought it was a very bad idea. Myself, Wei Dai, and Hal Finney were the only people I know of who liked the idea (or in Dai's case his related idea) enough to pursue it to any significant extent until Nakamoto (assuming Nakamoto is not really Finney or Dai). Only Finney (RPOW) and Nakamoto were motivated enough to actually implement such a scheme. One can deny being Satoshi in many ways, but I doubt Szabo would lie he is not him in this colorful way. Move on to another candidate. read it again and pretend dai, szabo, and nakamoto are all nash... And ill give you a little hint about nash's writing that is very provable, he constantly goes on tangents and uses parenthesis in speech like context rather than as grammar. Just messin with peoples heads, as we messed with his...
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cryptomad
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September 11, 2014, 10:23:06 PM |
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Atleast you Can say Satoshi might have emailed you..
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minerpumpkin
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September 11, 2014, 10:23:28 PM |
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Highly interesting. Yeah, could be that Szabo really is Nakamoto, but I rather believe that he is a third person, or maybe a virtual identity held by some of those people involved with Bitcoin back in its early days!
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I should have gotten into Bitcoin back in 1992...
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Kluge
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September 11, 2014, 10:34:00 PM |
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Will love seeing the minds shattered when it's revealed Satoshi was a pseudonym of Luke-Jr. You lot keep pushing your drugs & porn racket, and one day, Luke'll finally have enough and come out to claim Bitcoin in the name of God. You will all shit so hard, it'll create a vacuum which pulls out your organs.
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st4nl3y
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September 11, 2014, 10:37:49 PM |
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Will love seeing the minds shattered when it's revealed Satoshi was a pseudonym of Luke-Jr. You lot keep pushing your drugs & porn racket, and one day, Luke'll finally have enough and come out to claim Bitcoin in the name of God. You will all shit so hard, it'll create a vacuum which pulls out your organs.
Lol
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itod
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September 11, 2014, 10:39:44 PM |
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Will love seeing the minds shattered when it's revealed Satoshi was a pseudonym of Luke-Jr. You lot keep pushing your drugs & porn racket, and one day, Luke'll finally have enough and come out to claim Bitcoin in the name of God. You will all shit so hard, it'll create a vacuum which pulls out your organs.
There something disturbingly true about your claim. Why would Satoshi put the option to embed the strings in the blockchain if it is not meant to quote the Bible? C'mon Luke, sign some verse with Satoshi's private key!
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traincarswreck
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September 11, 2014, 10:48:28 PM Last edit: September 11, 2014, 11:05:18 PM by traincarswreck |
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There are many different version of ideal money, i have quoted the relevant parts from another it not only describes the birth of a new currency (international) but also explains its effects on contracts and in relation to law, it's all perfectly described, its just dense to read keep in mind Friedmans comment linked to from the bitcoin money supply wiki: ... Suppose the federal reserve said it was going to increase the quantity of money 4% every year week after week month after month... that would be a truly mechanical project. You could program a computer to do that...what you want to do is if possible is to have a mechanical system. If there was any virtue to the gold standard it was that virtue. Maybe you could create the same thing now...I would if I had my choice, freeze the amount of high powered money...and hold it as a constant. And have it as sort of a natural constant like gravity or something. M. Friedman acquired fame through teaching the linkage between the supply of money and, effectively, its value. In retrospect it seems as if elementary, but Friedman was as if a teacher who re-taught to American economists the classical concept of the “law of supply and demand”, this in connection with money.
F. Kydland, R. Lucas, E. Phelps, and E. Prescott are notable American economists who have contributed to the better understanding of issues in relation to the interactions between intelligent categories of the “users” of currencies (or in particular the dollar) and “the central authorities” (of central bank, treasury, state institutions, executive and legislative government)
And also, if we view money as of importance in connection with transfers of utility, we can see that money itself is a sort of "utility", using the word in another sense, comparable to supplies of water, electric energy or telecommunications. And then, if we think about it, we can consider the quality of money as comparable to the quality of some "public utility" like the supply of electric energy or of water.
The missing axiom is simply an accepted axiom that the money being put into circulation by the central authorities should be so handled as to maintain, over long terms of time, a stable value.
And we can’t really logically assume that human civilization has found the ultimate ideal of forms of social government in the times of the twentieth century. (One can imagine a future form of government where a highly advanced automaton (or array of computers) would function like the office of a City Manager with the human input to the government passing through the analogue of a City Council.)
Our proposal is that a preferable version of a general system for the transferring of utility, thus a "medium of exchange", would be structured so as to provide a medium with a natural (and reliable!) stability of value. And this stability of value would be particularly of benefit in connection with contracts or exchanges involving long time periods for the complete performance of the contract or exchange.
Exactly how an index should be constituted cannot be specified at this point
But now we want to mention another possibility that arises because of the present day circumstances that are relevant to the international interactions of the various national currencies
But now we want to mention another possibility that arises because of the present day circumstances that are relevant to the international interactions of the various national currencies. It could be very difficult, and a slow process, to set up such a practical and useful system of conventions as the international metric system of measures (of length, volume, and weight). So it should not be expected that reform and progress, in the area of systems of money, will be very easily achieved.
Nowadays we see some new areas of competition between different major currencies of the world since the euro has come into existence and the psychological climate in which the "central bankers" are operating is recently changed by the theme that is next described.
The idea seems paradoxical, but by speaking of "inflation targeting" these responsible officials are effectively CONFESSING that, notwithstanding how they formerly were speaking about the difficulties and problems of their functions, that it is indeed after all possible to control inflation by controlling the supply of money
What inflation targeting does is to open up the possibility that somehow the various major currencies may evolve to develop stability of value.
in the near future there may be a smaller number of major currencies used in the world and these may stand in competitive relations among themselves.
And there COULD be introduced, for example, a similar international currency for the Islamic world, or for South Asia, or for South America, or here or there.
what is more significant from an internationally oriented viewpoint, the various currencies would have rates of exchange so that they could be realistically compared in terms of their actual values.
currencies managed with "inflation targeting" would be comparable by users or observers who would be able to form opinions about the quality of the currencies.
"the public" or the users, those for whom a medium of exchange functions as a basic utility, may develop opinions that are critical of currencies of lower "value quality".
the public may learn to demand better quality...in so many of the various national currencies in the 20th century.
So we can imagine the evolutionary possibility of “asymptotically ideal money".
The currencies being compared, like now the euro, the dollar, the yen, the pound, the Swiss franc, the Swedish krona, etc. can be viewed with critical eyes by their users and by those who may have the option of whether or not or how to use one of them. This can lead to pressure for good quality and consequently for a lessened rate of inflationary depreciation in value.
state banks, or whatever issues the money used in a state or in a group of states, are logically comparable to good or bad commercial banks or to good or bad insurance companies.
A money usable as a "medium of exchange" obviates the comparative complexity of transactions needing to be achieved by barter. And beyond that, a money with a respected stability of value provides a basis for a practical simple means for achieving "storage of wealth"
But when there is the dimension of time also, incorporated into a contract for exchanges (such as for example a mortgage contract, or an annuity contract with an insurance company, or a contract for services to be performed over an extended period of time) then the quality of the money unit in terms of which the contract is written makes a big difference in the level of certainty of the contract terms.
Uncertainty perturbing the issue of the effective meaning of a contract is comparable to and analogous to a climate of lawlessness that would make contracts, in general, unreliable.
It is not a new concept in economic theory, that there could be material benefits whenever a number of separate currencies would be replaced by a single money. This caught the eye of John Stuart Mill, in particular.
My opinion is that if it were too easy to set up a form of “global money” that the version achieved might have characteristics of inferiority which would make it, comparatively, more like a relatively inferior national currency than like any of the more praiseworthy national or imperial currencies known to historical records.
But there is a good prospect for avoiding the establishment of another, possibly deceptive, currency of infer-or quality. Here I think of the possibility that a good sort of international currency might EVOLVE before the time when an official establishment might occur.
So my personal view is that a practical global money might most favorably evolve through the development first of a few regional currencies of truly good quality. And then the “integration” or “coordination” of those into a global currency would become just a technical problem. (Here I am thinking of a politically neutral form of a technological utility rather than of a money which might, for example, be used to exert pressures in a conflict situation comparable to “the cold war”.)
In a large state like one of the "great democracies" it is reasonable to say that the people should be able, in principle, to decide on the form of a money (like a "public utility") that they should be served by
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wachtwoord
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September 11, 2014, 11:40:03 PM |
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Will love seeing the minds shattered when it's revealed Satoshi was a pseudonym of Luke-Jr. You lot keep pushing your drugs & porn racket, and one day, Luke'll finally have enough and come out to claim Bitcoin in the name of God. You will all shit so hard, it'll create a vacuum which pulls out your organs.
Luke, if you made it, please stay anonymous
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dankkk
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September 11, 2014, 11:45:42 PM |
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Satoshi is probably one person that read the work of the others. Indeed, the only way to keep something secret is to not tell anyone at all. Something like this People involved | Time required to complete idea | Risk of apprehension | 1 | 4 years | 30% | 2 | 3 years | 60% | 3 | 1 year | 85% | 4 | 1 year | 90% | 5 | 1.2 years | 96% | 6 | 1.5 years | 99% |
I am not sure how you reach your logic to say that it would take more time for a team of 5 or 6 to complete version 0.1 of QT verses how long it would take with a team of 3 or 4.
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deeplink
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September 11, 2014, 11:49:30 PM |
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Satoshi is probably one person that read the work of the others. Indeed, the only way to keep something secret is to not tell anyone at all. Something like this People involved | Time required to complete idea | Risk of apprehension | 1 | 4 years | 30% | 2 | 3 years | 60% | 3 | 1 year | 85% | 4 | 1 year | 90% | 5 | 1.2 years | 96% | 6 | 1.5 years | 99% |
I am not sure how you reach your logic to say that it would take more time for a team of 5 or 6 to complete version 0.1 of QT verses how long it would take with a team of 3 or 4. I assume by taking into account Brooke's Law, which states that adding manpower to a late software project makes it later. http://en.wikipedia.org/wiki/Brooks's_law
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gogxmagog
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Ad maiora!
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September 11, 2014, 11:53:11 PM |
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So what would be the impact of satoshi being revealed? I understand there could be personal reprocussions for the man himself, and that there is a great human interest story here, but bitcoin will not be affected. The world may be disappointed when we find out satoshi is a programmer and leads a life typical of one (he's boring)
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wachtwoord
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September 11, 2014, 11:58:08 PM |
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So what would be the impact of satoshi being revealed? I understand there could be personal reprocussions for the man himself, and that there is a great human interest story here, but bitcoin will not be affected. The world may be disappointed when we find out satoshi is a programmer and leads a life typical of one (he's boring)
His life is likely to be considered boring by the general consensus. If it wasn't, he was unlikely to stay anonymous for so long?
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deeplink
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September 12, 2014, 12:01:34 AM |
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So what would be the impact of satoshi being revealed? I understand there could be personal reprocussions for the man himself, and that there is a great human interest story here, but bitcoin will not be affected. The world may be disappointed when we find out satoshi is a programmer and leads a life typical of one (he's boring)
His life is likely to be considered boring by the general consensus. If it wasn't, he was unlikely to stay anonymous for so long? In general I consider the general consensus to be boring.
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wachtwoord
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September 12, 2014, 12:03:20 AM |
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So what would be the impact of satoshi being revealed? I understand there could be personal reprocussions for the man himself, and that there is a great human interest story here, but bitcoin will not be affected. The world may be disappointed when we find out satoshi is a programmer and leads a life typical of one (he's boring)
His life is likely to be considered boring by the general consensus. If it wasn't, he was unlikely to stay anonymous for so long? In general I consider the general consensus to be boring. I'm sure the general consensus feels the same way (about me too)
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coins101
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September 12, 2014, 12:04:31 AM |
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Satoshi, if you're reading this thread woohooAll the world's governments and financial systems running around and or running scared
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