91–93 of 93 posts
ctrl+f, "finite": 0 of 0 ctrl+f, "supply": 0 of 0 Very disappointed by the quality of the discussion in this thread.
You seem to complain but not contribute. Can you explain maybe why the discussion around the funniest supply important?
Earlier quoted context omitted.
Bitcoin and other blockchains enable more or less trusted associations to form using side channels. A typical example is using off-chain collaboration to exchange signed transactions of deposited funds. It seems reasonable to consider trustless cryptocurrency as a base layer for "international settlement." Coinbase is significantly different from PayPal because of this final public settlement layer that is open and w…
That was my point. I don't see how using "side-channels" or "off chain" systems are materially different from using the Visa or the Kroner system, and then when you want a public settlement layer that is open and well-defined converting some funds from those systems to a crypto system. What's the difference? Can't off chain systems be seen as simply analogous to transacting in deposited funds with paypal where your p…
Here's a little example of setting up a reasonably secure payment channel with the help of an Ethereum smart contract: https://medium.com/@matthewdif/ethereum-payment-channel-in-5...
Earlier quoted context omitted.
except obvious bugs like the 2010 int overflow where someone created X billion illegitimate bitcoins QED. Also see the recent Bitcoin cash fork, and the severe volatility caused by the speculation in the currency, which is a problem for anyone holding it. A Bitcoin warpwallet, not so much. I disagree. If it lives on a server a warrant will force them to give it up, if it lives on your computer, a warrant will force y…
" QED " Err, this bugfix doesn't show people don't have absolute control of their bitcoins. " Also see the recent Bitcoin cash fork " Still doesn't demonstrate that people don't have absolute control of their Bitcoins. " the severe volatility " Still doesn't demonstrate that people don't have absolute control of their Bitcoins. You look ridiculous trying to argue Bitcoin doesn't give absolute control of one's money.…
By absolute control I take it you mean control of the private keys and thus who can use the money those keys control (regardless of whether that currency is worthless, difficult to exchange, outlawed, or taxed as an asset)?
For me absolute control means control over the rules for exchange (set by devs), control over fees (set by miners), control over the rules for ownership/use (set by governments), and control of the value vs real world goods (set by other users). I would say bitcoin gives you the illusion of control but very little actual control - it's similar to fiat in that regard.
I think that's important because absolute control implies something you simply can't come close to with any currency - absolute control over a worthless resource is not control in any meaningful sense.
Re the warpwallet, you're saying it lives in your head only, if so, the same arguments apply - they seize your person till you give it up (see rules in the uk on not divulging passwords, people have been locked up for this). You can't work around laws with technical solutions.