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The Man Who Solved Bitcoin’s Most Notorious Heist
11–20 of 47 posts
Re: The Man Who Solved Bitcoin’s Most Notorious Heist
#12Earlier quoted context omitted.
As a "bitcoin fanboi," I never claimed to not want the rule of law. I just don't want some unaccountable third party mucking about with the monetary policy of the currency I'm using. If anything, I'd like _more_ rule of law when it comes to holding central banks accountable when they fuck up.
How do you avoid unaccountable third parties in a cryptocurrency like Bitcoin? Isn't policy currently being set, in practice, by a mix of the major miners (many behind the Chinese Great Firewall) and core developers, none of whom were elected or are accountable to you in any way? Hell, one of the people with influence over Bitcoin is just some rando who started a popular forum.
People will fight the government with all their might for trying to put in regulation and policy for as long as their own "good fortune" lasts. They think it's natural and possibly a consequence of their own individual abilities.
People will fight the government with all their might for not trying to put in regulations and policy when their own "good fortune" ends. They think it was bound to happen and possibly a consequence of the government's inability.
Most people are more like children than they'd like to admit. The evidence is there but they lack the willingness to understand it. They will fight you with all their might but when it does come tumbling down on them they will blame the parents for not doing more since they knew better.
Re: The Man Who Solved Bitcoin’s Most Notorious Heist
#13The guy goes on holiday from Russia to Greece and then after being arrested and extradition sought to the USA he's suddenly also wanted back in Russia on a minor charge.
How suspicious is that?
Re: The Man Who Solved Bitcoin’s Most Notorious Heist
#14Earlier quoted context omitted.
As a "bitcoin fanboi," I never claimed to not want the rule of law. I just don't want some unaccountable third party mucking about with the monetary policy of the currency I'm using. If anything, I'd like _more_ rule of law when it comes to holding central banks accountable when they fuck up.
How do you avoid unaccountable third parties in a cryptocurrency like Bitcoin? Isn't policy currently being set, in practice, by a mix of the major miners (many behind the Chinese Great Firewall) and core developers, none of whom were elected or are accountable to you in any way? Hell, one of the people with influence over Bitcoin is just some rando who started a popular forum.
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Re: The Man Who Solved Bitcoin’s Most Notorious Heist
#15The guy goes on holiday from Russia to Greece and then after being arrested and extradition sought to the USA he's suddenly also wanted back in Russia on a minor charge. How suspicious is that?
As someone who was born in Soviet Union, I am not surprised at all. A former world super-power will do whatever in can to prevent its citizen from getting into the hands of USA authorities. Especially, if the citizen in question has been working for Russian mafia, which has been known to have close ties to country's government officials. It's very likely he would be released soon after reaching Russia and then killed by something staged as a suicide, because the risk of him opening his mouth is too high.
Re: The Man Who Solved Bitcoin’s Most Notorious Heist
#16Moral of the story: No, people do NOT want the government out of their way. Turns out that even bitcoin fanbois DO want rule of law, and law enforcement. The reason money works the way it does is that it's almost entirely logically derived from hard requirements from everyone. Not that "the man" is trying to oppress you.
As a "bitcoin fanboi," I never claimed to not want the rule of law. I just don't want some unaccountable third party mucking about with the monetary policy of the currency I'm using. If anything, I'd like _more_ rule of law when it comes to holding central banks accountable when they fuck up.
Central banks can never be held accountable for anything. In most cases, they cannot even be audited.
Re: The Man Who Solved Bitcoin’s Most Notorious Heist
#17Moral of the story: No, people do NOT want the government out of their way. Turns out that even bitcoin fanbois DO want rule of law, and law enforcement. The reason money works the way it does is that it's almost entirely logically derived from hard requirements from everyone. Not that "the man" is trying to oppress you.
As a "bitcoin fanboi," I never claimed to not want the rule of law. I just don't want some unaccountable third party mucking about with the monetary policy of the currency I'm using. If anything, I'd like _more_ rule of law when it comes to holding central banks accountable when they fuck up.
>I just don’t want some unaccountable third party mucking about with the monetary policy of the currency I'm using.
How do you justify that despite the blockchain being decentralized - that at any time, a dozen different people could immediately or long term ruin or muck with bitcoin’s policies and directions?
I’ll also at this time point out it’s a commodity in effect, not a currency really, but different topic.
Your argument seems to be the idealized “it’s open and no one owns it man” and not the reality that the only part that’s “free” is the mathy database part.
Re: The Man Who Solved Bitcoin’s Most Notorious Heist
#18Moral of the story: No, people do NOT want the government out of their way. Turns out that even bitcoin fanbois DO want rule of law, and law enforcement. The reason money works the way it does is that it's almost entirely logically derived from hard requirements from everyone. Not that "the man" is trying to oppress you.
As a "bitcoin fanboi," I never claimed to not want the rule of law. I just don't want some unaccountable third party mucking about with the monetary policy of the currency I'm using. If anything, I'd like _more_ rule of law when it comes to holding central banks accountable when they fuck up.
> when they fuck up
Most central banks in developed countries have delivered reasonable moderate inflation over decades. Also, in most developed countries you're free to hold other (fiat) currencies or real assets.
Of course, some countries have huge problems, but if they introduce capital controls, they are just as likely to prohibit you from holding Bitcoin as from holding other currencies.
I still don't see what problem cryptocurrencies are solving here.
Re: The Man Who Solved Bitcoin’s Most Notorious Heist
#19Moral of the story: No, people do NOT want the government out of their way. Turns out that even bitcoin fanbois DO want rule of law, and law enforcement. The reason money works the way it does is that it's almost entirely logically derived from hard requirements from everyone. Not that "the man" is trying to oppress you.
I'd have thought a lot of the people you describe as fanbois never store BTC on any exchange so were not directly affected by the Mt Gox hack.
Re: The Man Who Solved Bitcoin’s Most Notorious Heist
#20Moral of the story: No, people do NOT want the government out of their way. Turns out that even bitcoin fanbois DO want rule of law, and law enforcement. The reason money works the way it does is that it's almost entirely logically derived from hard requirements from everyone. Not that "the man" is trying to oppress you.
>Moral of the story: No, people do NOT want the government out of their way.
I could go for getting rid of the government in plenty of areas. Your statement seems a bit extreme given the amount of corruption in Medical and telecommunications.