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The Criminal Underworld Is Dropping Bitcoin for Monero

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Re: The Criminal Underworld Is Dropping Bitcoin for Monero

#111

Post by apo »

zeroxfe wrote: post #102
apo wrote: post #78

Earlier quoted context omitted.

It's sad to see the "Bitcoin doesn't do smart contracts" line repeated so faithfully - even implicitly as in your question. It's rubbish. Bitcoin supports smart contracts, and has done so since launched in 2009. Even the simplest Alice-pays-Bob transaction is actually running a smart contract written in Script, a Forth-like language custom built for Bitcoin. Bitcoin also supports metacoin protocols that create tradea…

The difference is that Bitcoin supports a limited number of smart contract types (due to limitations in its scripting language.) To create new types, it requires changes to the Bitcoin scripting language, protocol, and runtime, followed by a coordinated soft fork. This is a pretty heavyweight process. Ethereum is effectively a generalized distributed computer -- so new types of contracts can be written, tested, and i…

Bitcoin smart contracts are based on the language Script:

https://en.bitcoin.it/wiki/Script

Opcodes and values can be combined to yield a vast array of possible contracts, just like any programming language.

Templates are not used, except to activate the full language capabilities (i.e., P2SH).

Ethereum is effectively a generalized distributed computer -- so new types of contracts can be written, tested, and iterated on readily, without requiring a change to Ethereum itself.

Bitcoin is not a generalized distributed computer, but it does allow new types of contracts to be written, tested, and iterated on readily, without requiring a change to Bitcoin itself.

I really don't think that's true. I'd wager that the majority of the public that is aware of Bitcoin has no idea what Ethereum is.

Nevertheless, Ethereum - through the Ethereum Foundation and is sizable war chest, has a far more concerted marketing effort.

Re: The Criminal Underworld Is Dropping Bitcoin for Monero

#112

Post by apo »

ErikAugust wrote: post #100
apo wrote: post #78

Earlier quoted context omitted.

It's sad to see the "Bitcoin doesn't do smart contracts" line repeated so faithfully - even implicitly as in your question. It's rubbish. Bitcoin supports smart contracts, and has done so since launched in 2009. Even the simplest Alice-pays-Bob transaction is actually running a smart contract written in Script, a Forth-like language custom built for Bitcoin. Bitcoin also supports metacoin protocols that create tradea…

"In other words, Ethereum offers little more for day-to-day use than Bitcoin does." Except for faster transaction confirmations, and lower fees. A network with close to three times (28756 versus 11788) as many nodes behind it. If you want to look at fundamentals, Ethereum is offering more for day-to-day use than Bitcoin does.

Except for faster transaction confirmations, and lower fees.

That may well turn out to be a temporary feature. Until 2015 (its sixth year of existence), Bitcoin had negligible transaction fees.

Ethereum and Bitcoin are subject to the same limitations: namely that every node requires every transaction to fully validate the chain.

Both systems are also subject to the same limitations that will throttle "mass adoption:" the need to secure cryptographic material from network-based attacks.

Re: The Criminal Underworld Is Dropping Bitcoin for Monero

#113

Post by sillysaurus3 »

the_stc wrote: post #79
ifdefdebug wrote: post #77

Earlier quoted context omitted.

wtf is an "extrajursidictional company"? Do you mean you are running a tax evasion scheme?

An extrajurisdictional company operates outside of existing jurisdictions. It might be helpful to think of us as being headquartered in space...if our opsec is correct, we might as well be! (Otherwise I'll be arrested and our contingency procedures will kick in to work with the successor.) It is not for tax evasion: we fully intend to comply with tax law everywhere we offer service, though there are some practical is…

I've been watching your progress for awhile now. I'm pretty convinced you're not just doing this to con people. You're genuinely trying to start something new.

If you run with people's money, you will discourage anyone else from attempting this. But if you're genuine, then this could be the start of a unique kind of model.

Best of luck, assuming you're honest.

I have no opinion on your specific company. It's more interesting that you're using ICOs to fund your operation, and that you seem to have a chance of succeeding.

One tip, though. Be prepared for unfair behavior. If LEA decides to contact the NSA to help track you down, they can probably figure out some way to trip you up.

Also, it's probably important to show some kind of hard progress. Hopefully you'll release something soonish.

Re: The Criminal Underworld Is Dropping Bitcoin for Monero

#114

Post by justboxing »

thisisit wrote: post #7
justboxing wrote: post #2

> Some coins post fake blockchain entries to hamper surveillance I don't get this. How do you post fake entries? Wouldn't the ledger be out of balance, or unbalanced or whatever the correct term for that is? And how are fake transactions identified by the faker?

I guess the writer got an ELIF and hence the whole thing was simplified a lot. Here's my understanding of Monero - It has the concept of ring signatures. I guess this is what the author is referring to. When a transaction is posted to blockchain it is assigns coins to a public key (generally known as the address). Now what Monero does is that it obscures the end address and hides who the transaction went to. That sai…

Thanks! LMK when you publish your article.

Re: The Criminal Underworld Is Dropping Bitcoin for Monero

#115

Post by rajacombinator »

the_stc wrote: post #79
ifdefdebug wrote: post #77

Earlier quoted context omitted.

wtf is an "extrajursidictional company"? Do you mean you are running a tax evasion scheme?

An extrajurisdictional company operates outside of existing jurisdictions. It might be helpful to think of us as being headquartered in space...if our opsec is correct, we might as well be! (Otherwise I'll be arrested and our contingency procedures will kick in to work with the successor.) It is not for tax evasion: we fully intend to comply with tax law everywhere we offer service, though there are some practical is…

Recommended reading on this? Asking for a friend. (EJC, not the hookers.)

Re: The Criminal Underworld Is Dropping Bitcoin for Monero

#116

Post by vadimberman »

apo wrote: post #111
zeroxfe wrote: post #102

Earlier quoted context omitted.

The difference is that Bitcoin supports a limited number of smart contract types (due to limitations in its scripting language.) To create new types, it requires changes to the Bitcoin scripting language, protocol, and runtime, followed by a coordinated soft fork. This is a pretty heavyweight process. Ethereum is effectively a generalized distributed computer -- so new types of contracts can be written, tested, and i…

Bitcoin smart contracts are based on the language Script: https://en.bitcoin.it/wiki/Script Opcodes and values can be combined to yield a vast array of possible contracts, just like any programming language. Templates are not used, except to activate the full language capabilities (i.e., P2SH). Ethereum is effectively a generalized distributed computer -- so new types of contracts can be written, tested, and iterated…

> Opcodes and values can be combined to yield a vast array of possible contracts, just like any programming language.

It's not Turing-complete and doesn't even have loops (or goto to provide an alternative). Definitely not "like any programming language", you could as well try to use Brainfuck (which is, BTW, Turing-complete).

Re: The Criminal Underworld Is Dropping Bitcoin for Monero

#117

Post by ghostbrainalpha »

JohnJamesRambo wrote: post #36
zerostar07 wrote: post #34

Good PR for bitcoin

Isn't it the opposite?

Bad for short term Bitcoin price speculators.

Good for long term investors and enthusiasts hoping for a grown up Bitcoin to achieve mass adoption and legitimacy as the worlds most standard digital currency.

Re: The Criminal Underworld Is Dropping Bitcoin for Monero

#118

Post by Turbots »

jatsign wrote: post #95
indescions_2018 wrote: post #86

Earlier quoted context omitted.

The other competitor being mentioned on dark markets is XVG: https://vergecurrency.com/

Can you show a dark market actually discussing it? Verge has got to be the worst privacy coin.

Do you have arguments why?

Re: The Criminal Underworld Is Dropping Bitcoin for Monero

#119

Post by Turbots »

45h34jh53k4j wrote: post #88
indescions_2018 wrote: post #86

Earlier quoted context omitted.

The other competitor being mentioned on dark markets is XVG: https://vergecurrency.com/

good luck with that: http://xvg.keff.org/

This has been proven to be fake and lists transactions that are not using the wraith protocol and are not meant to hide the op addresses

Re: The Criminal Underworld Is Dropping Bitcoin for Monero

#120

Post by antihero »

the_stc wrote: post #79
ifdefdebug wrote: post #77

Earlier quoted context omitted.

wtf is an "extrajursidictional company"? Do you mean you are running a tax evasion scheme?

An extrajurisdictional company operates outside of existing jurisdictions. It might be helpful to think of us as being headquartered in space...if our opsec is correct, we might as well be! (Otherwise I'll be arrested and our contingency procedures will kick in to work with the successor.) It is not for tax evasion: we fully intend to comply with tax law everywhere we offer service, though there are some practical is…

I'm interested in this escorting platform, as I've been considering building one that is designed from the perspective of protecting sex workers and enabling them to operate more safely, as opposed to shitshows like AW that are just awful and exploitative.
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