81–90 of 194 posts
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Is bitcoin a currency or investment? I would say neither but interesting to see it getting lumped in with investments.
You're right, bitcoin is something entirely new, and we don't know the future, so we don't know what it will end up being.
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They are. This is the foundation of the BTC collider project [0]. By the way, wallets do get cracked this way, but less through technical supremacy and more about brute force. [0] - https://lbc.cryptoguru.org/about
Afaik they haven't found anything except some puzzle coins being hidden behind increasing difficulty wallets. Only way they can crack a wallet is if the softwate generated the wallet uses some poor sources of entropy or has a vulnerability.
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I don't know about the others, but Banksy has been uncovered. It's Robin Gunningham. People still like to say it's "unconfirmed" and "a rumour" but if you look at the evidence there is no real doubt. So I guess part of the reason is that people love the mystery so much, as long as the suspect doesn't come out and say "yes it's me" then they'll just hang on to the mystery. To be honest even if Gunningham said "I am Ba…
Isn’t it mean to uncover someone who wishes to remain anonymous and is doing no harm? Uncovering their identity is just vandalism.
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> As for Satoshi Nakamoto: The most obvious candidate seems to be Adam Back. His invention of proof of work, his biography, character, writing style and role as the CEO of the company behind the main wallet software all point to him. Adam Back is obviously not Satoshi. His level of writing or thinking is not even close to the level of Satoshi. When asked what people should pay with when fees were high and Lightning N…
> he seriously suggested people should just use tabs Why is this a "brainfart"? It does not seem like a horrible recommendation to me, especially for someone who needed a solution "today" in 2017.
"Use another cryptocurrency" would be a much better recommendation that would solve the problem much better than tabs.
The reason why Bitcoin stopped working well was because Adam Back and others were actively sabotaging it's ability to cope with demand, and instead pushing people towards other solutions.
Those solutions were nowhere near ready, so the best Adam could come up with (except admitting they were wrong) was Tabs.
So yeah, instead of a brainfart it could just be malicious behavior.
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You're right, bitcoin is something entirely new, and we don't know the future, so we don't know what it will end up being.
Entirely new is a stretch. And haven't we reached the end? It's not broadly useful nor sustainable nor trustworthy.
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> A truly altruistic system would not confer such a huge advantage on early miners Bitcoin never claimed to be and is not altruistic. And the same can be said about almost all investments, you need information early, you need to judge the information correctly, and you need to move in. Same with bitcoin.
GP said nothing about bitcoin claiming to be anything. They're directly quoting the article
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> A truly altruistic system would not confer such a huge advantage on early miners Bitcoin never claimed to be and is not altruistic. And the same can be said about almost all investments, you need information early, you need to judge the information correctly, and you need to move in. Same with bitcoin.
Is bitcoin a currency or investment? I would say neither but interesting to see it getting lumped in with investments.
Have state actors playing a longer honeypot sort of game been ruled out? Because btc is only pseudoanonymous, letting you observe and maybe link transaction sources and recipients, it gives SOME insight into the global movements of funds which were previously totally opaque and untraceable, such as cash, gold, and offshore instruments where there might be NONE. So for a small investment of a few cryptographic experts…
The $10,000 limit in the USA was established in 1970, I guarantee it won’t be adjusted for inflation.
Remind me why we dropped Paul Le Roux as Satoshi. I thought it fit rather well: he had the motivation, the knowledge and the disappearance of Satoshi also fit.
Well, if any of Satoshi's wallets move after Paul Le Roux is released in 2045 or so, we'll have a smoking gun ;)