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MobileCoin: A New Cryptocurrency from Moxie Marlinspike

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231–240 of 258 posts

Re: MobileCoin: A New Cryptocurrency from Moxie Marlinspike

#231

Anyone have any links to read more about SGX? What's stopping someone from intercepting everything going down their and just doing the operations on their own while watching?

There is a series here: https://software.intel.com/en-us/articles/intel-software-gua...

Also, Intel have been pushing something called Sawtooth for about a year now: https://bitcoinmagazine.com/articles/intel-develops-sawtooth...

Re: MobileCoin: A New Cryptocurrency from Moxie Marlinspike

#232

Earlier quoted context omitted.

> Bitcoin is a technological wonder Oh, dear lord. > ultimately not as advanced as its younger brethren. These must then be simply out of this world. Superwonder technologies. Double digit transactions per second!! /$ The hype around this piece of software is getting out of hand.

I read that like: "a stone wheel ? man it's not revolutionary at all. It's heavy. And hard to make. It's not practical and currently unusable for real purposes." Said by a guy you just witness the historical invention of the wheel.

point 1:

The wheel was, in fact, one of the first instances of a centralized structure replacing an inefficieint distributed structure.

The central "hub" of a wheel bears the load and the "edge condition" is the substantially reduced "rolling friction".

This is in contrast to ye old "distributed load" way of a zillion poor slaves pulling a load.

So as far as the "wheel" goes, VISA is a chariot, and Bitcoin is an army of slaves pulling a wheel-less load.

And in fact, the "facts", prove this. Almost 400 KWh per transaction, and that at the feeble rate of 7 tx/sec.

That is your "technological wonder".

point 2:

"Technological wonder[s]" of this time -- now -- are Machine Learning, CRISPR, etc. These are the "inventions" to pay attention to, not a thinly disguised play by private wealth to finally fully take out the national governments from the monetary system loop.

That CJW -- Crypto Justice Warriors -- like you fail to see this is the actual "wonder".

Re: MobileCoin: A New Cryptocurrency from Moxie Marlinspike

#233
post #151

Earlier quoted context omitted.

How is zcash's track record with regard to untraceability?

It's fantastic, but it takes a lot of memory to generate a private transaction (no mobile wallets for that!) and because private addresses are opt in, not many are being used in the wild

using a lot of memory is still better than monero's requirement that you synch a 30+GB blockchain

Re: MobileCoin: A New Cryptocurrency from Moxie Marlinspike

#234
post #182

Earlier quoted context omitted.

What I don't understand is why such a person resorts to a nickname, but does use a picture. The US government knows the real name of people like ioerror and moxie marlinspike. It seems pointless to consistently hide the real name to the public.

I used to use my online name enough that people were confused when they heard my legal name. Eventually, I decided to change my legal name to save the hassle of having a legal name that nobody actually knew me by, but that's easy in my country (doesn't involve courts or lawyers) and a pain in the ass in most other places.

Nice to meet you, Mr. Vertex Four.

Re: MobileCoin: A New Cryptocurrency from Moxie Marlinspike

#235

Earlier quoted context omitted.

Nope. You only have to report capital gains in excess of your annual allowance, which is £11,300 at the moment.

You still have to record them. Also don’t forget that if you have an ISA, other savings and investments that allowance isn’t that big. As an individual if you mine you have to record the value as it was at the time of mining if you buy you record it at the time of purchase and you pay capital gains if you exchange the crypto for fiat currency or goods or services directly on the difference between the values. It gets…

You only record them if you otherwise self assessment for tax. If you do t eve self assessment you do not claim if the gain is below £11k unless the total sale is in excess of £45k

Re: MobileCoin: A New Cryptocurrency from Moxie Marlinspike

#237

Earlier quoted context omitted.

You also do so in the UK and virtually every other country I can think off.

Nope. You only have to report capital gains in excess of your annual allowance, which is £11,300 at the moment.

Not wishing to be overly pedantic, but you have to report in any of the following circumstances:

* Capital gains in excess of £11,300 * Disposals (sales) in excess of £45,200 * Losses that you wish to claim

https://www.gov.uk/capital-gains-tax/work-out-need-to-pay

Worth noting e.g. if you receive stock under US company schemes and sell even if you have already been taxed on the gain versus FMV as income. You can be in a circumstance where the taxable gain is under the threshold but disposals are high.

Re: MobileCoin: A New Cryptocurrency from Moxie Marlinspike

#240
post #238

A decentralized currency brought to you by Moxie "Signal doesn't federate or allow third-party clients" Marlinspike. OK.

He used to federate, he said he reckons he lost a year of development in the attempt.

His argument is federation makes change difficult - and a private company can centralise the protocol (like Slack or WhatsApp) leading to a better user experience because they're not tied to getting everyone to agree to a change.

You can read his arguments here:

https://signal.org/blog/the-ecosystem-is-moving/

and here:

https://github.com/LibreSignal/LibreSignal/issues/37#issueco...

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