31–40 of 85 posts
Something I wonder about is whether an isp or peer nodes could detect the transactions are coming from you.
There's Tor. In addition, your ISP never sees transactions coming to you . You can later spend your newly received coins from some other network.
Earlier quoted context omitted.
Get used to it. This now is a bigger part of the tech world than NodeJS and friends.
then the tech world just got 1000x more boring. I thought people got into the startup world because they wanted to AVOID wall street.... best thing the author said lol -- I recommend governments to shut down the entire network to prevent people from doing nasty things with Bitcoin. amen Btw VMG this is the last you'll hear from me! I'm trying to resolve to not read/comment on any more Bitcoin posts. It's fueling the…
Sad to see you go, Bitcoin needs critics and contrarians.
How do you implement anonymous peer discovery against someone who can tap the whole internet ?
Tor works somehow and NSA admits that it's a pain in the ass even for them. When someone targets you specifically, you have little chances, but when the whole network routinely mixes coins it's much easier to hide in the woods.
I believe a global passive adversary can easily use timing attacks to deanonymize tor.
I'd imagine that if Bitcon becomes prevalent, governments would ask you to "voluntarily" declare your "salary" wallet. And then if they spotted any sort of suspicious laundering-like activity happening from that wallet, they would very quickly obtain warrants and show up at your door asking for an explanation.
I might have missed something, but how can we be sure that malicious nodes do not just steal your money?
The insurance contract is a special type of transaction that I invented: http://blog.oleganza.com/post/58240549599/contracts-without-...
The issue with money laundering in the real world isn't the technical difficulty. It's easy as pie to launder cash if you ignore the laws surrounding it. I'd imagine that if Bitcon becomes prevalent, governments would ask you to "voluntarily" declare your "salary" wallet. And then if they spotted any sort of suspicious laundering-like activity happening from that wallet, they would very quickly obtain warrants and sh…
Also, governments will be much more limited in power when they can't print their money at will and do any "deficit spending".
Earlier quoted context omitted.
then the tech world just got 1000x more boring. I thought people got into the startup world because they wanted to AVOID wall street.... best thing the author said lol -- I recommend governments to shut down the entire network to prevent people from doing nasty things with Bitcoin. amen Btw VMG this is the last you'll hear from me! I'm trying to resolve to not read/comment on any more Bitcoin posts. It's fueling the…
Well, something so dangerous that must be shut down by the government can't be boring in my eyes. Sad to see you go, Bitcoin needs critics and contrarians.
Lol if you want to code something better than Bitcoin (I think it's trivially easy using libcoin but involves putting a couple of legal/economic advisors on the payroll, which I can't afford yet) you may well count me in, but I'm tired of this same old block chain.
FYI gov't still hasn't shut down Amway & they are obviously a pyramid scheme. That's why I'm not interested, it seems like a clear failure to me that is just festering -- why wait for the official word? It may take a while. I'd want to build a cryptocurrency that stabilizes much faster.
All the best
Earlier quoted context omitted.
Tor works somehow and NSA admits that it's a pain in the ass even for them. When someone targets you specifically, you have little chances, but when the whole network routinely mixes coins it's much easier to hide in the woods.
Is that really true? I believe a global passive adversary can easily use timing attacks to deanonymize tor.
I myself don't want to live in a world where you need to actively hide from huge adversaries. I'd prefer a more careless world with smaller adversaries. Hopefully, widespread adoption of Bitcoin will take a lot of power from governments, so we won't have massive money wasting TLAs that create misery all around the world.
Edit: I meant "don't want to live", not "don't live".
The issue with money laundering in the real world isn't the technical difficulty. It's easy as pie to launder cash if you ignore the laws surrounding it. I'd imagine that if Bitcon becomes prevalent, governments would ask you to "voluntarily" declare your "salary" wallet. And then if they spotted any sort of suspicious laundering-like activity happening from that wallet, they would very quickly obtain warrants and sh…
Government would still have to set up a center of "approving" unknown money coming from other sources into local economy. These centers, as you can expect, will be massively bribed by everyone who needs to launder their tainted coins. Also, governments will be much more limited in power when they can't print their money at will and do any "deficit spending".
These centers actually exist even today. I personally know places where you can buy dollars using the local currency for something like a 10% discount on the market rate. They are obviously very shady and aren't used by anyone close to being respectable. If you use them and are big enough to matter, expect to be screwed over by law enforcement pretty much the instant they feel like getting you.
governments will be much more limited in power when they can't print their money at will
I believe printing money is actually a good thing. But let's not get into an economics argument here.
And governments can easily take over the bitcoin network tomorrow if they wanted to, simply because the ability of Intel, IBM, AMD/GF, NVIDIA and the big semiconductor manufacturers to build really efficient mining ASICs vastly outstrips that of everyone else. And companies like Intel have nothing to lose and everything to gain by keeping the US government happy if they requests come in from the top.
Again the analogy with cash is relevant. There is really very little technically difficult about printing counterfeit cash. I mean there's not even cryptography involved - it's just security by obscurity! The reason people don't do it is because governments clamp down on this activity very hard through law-enforcement mechanisms. Similarly, if the governments thought bitcoin was important enough to regulate, they'd be able to do it in an instant simply they have guns and we don't.
I'm starting to get sick of these Bitcoin posts.