tag:blogger.com,1999:blog-3758330678390419129.post3804516521464949997..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Why Gov ♥ BitcoinsRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-3758330678390419129.post-33484117271410211732013-12-07T04:58:55.617-05:002013-12-07T04:58:55.617-05:00I hear that prostitution is also illegal in that p...I hear that prostitution is also illegal in that park.<br /><br />Freedom means freedom for all.<br /><br />She doesn't even look like she needs braces, although she can use a tooth whitener.Anonymoushttps://www.blogger.com/profile/15526913584467213549noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-53205232836401690712013-12-06T20:40:04.150-05:002013-12-06T20:40:04.150-05:00Libertarians hate BTC. It's like in a world o...Libertarians hate BTC. It's like in a world of coupe cars someone proposed a convertible. The thinkers think: will that sell, will the increase in sun exposure outweigh the decreased security at stop lights, will more chill in winter obviate more warmth in summer.<br /><br />Why not let people freely decide. Some will buy convertibles , some will want a coupe and some will just stick withdouglashttps://www.blogger.com/profile/10269205712944353490noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36857808127916137162013-12-06T19:30:36.253-05:002013-12-06T19:30:36.253-05:00One other quick note, if a block chain resolves in...One other quick note, if a block chain resolves in 10 minutes, how would the network defend a node take over as outlined above, by enacting as you say "tens of thousands of users", if they only had 10 minutes to do so?<br /><br />Also, how did you find out how many active(but offline) node are in existence? Thanks.<br />Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-43066574139246620932013-12-06T16:47:01.459-05:002013-12-06T16:47:01.459-05:00Gotta be honest with you HB, your response doesn&#...Gotta be honest with you HB, your response doesn't really make me feel confident in Bitcoin's infrastructure currently.<br /><br />You are talking about people that were able to sabotage Iran's nuclear centrifuges with software...<br /><br />Regardless, I hope for the sake of you and late adopters that my concerns are over blown...I really hope you are right.<br />Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-53451777150414646122013-12-06T15:39:48.415-05:002013-12-06T15:39:48.415-05:00One more term you can Google: "Plausible Deni...One more term you can Google: "Plausible Deniability".Honey Badgerhttp://www.youtube.com/watch?v=4r7wHMg5Yjgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-67880148963701265842013-12-06T15:33:56.184-05:002013-12-06T15:33:56.184-05:00Governments can definitely cause temporary damage,...Governments can definitely cause temporary damage, maybe even fatal damage, but the likelihood diminishes everyday as the network grows. "Writing a virus to infect the nodes" is not as simple as it sounds. 1,240 nodes are just those that were connected at that given moment when you checked. Thousands of nodes are constantly entering and leaving the network at any given time so, in Honey Badgerhttp://www.youtube.com/watch?v=4r7wHMg5Yjgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-83603268087195164312013-12-06T15:19:29.555-05:002013-12-06T15:19:29.555-05:00I clearly remember the earlier theme was that BTC ...I clearly remember the earlier theme was that BTC would fail because governments would crush it. There would be no place you could exchange BTC for dollars or Euro, etc. This article is full of misconceptions: there is no requirement to provide personal information to create a wallet, only when exchanging BTC for dollars; payments cannot automatically be deducted from your central account, douglashttps://www.blogger.com/profile/10269205712944353490noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-59834516382954746562013-12-06T14:41:34.049-05:002013-12-06T14:41:34.049-05:00Well, you never really address my second comment a...Well, you never really address my second comment about the core developer of Bitcoin admitting to working with government, but I'll take you up on your offer to explain Blockchain security to me as you seem knowledgeable.<br /><br />"The government does not have the computing power to take over the blockchain." <br /><br />I'm really doubting that statement. If you are thinking Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36243092750682990452013-12-06T14:29:07.275-05:002013-12-06T14:29:07.275-05:00@Gonzalo:
You wrote, "Most people will not ...@Gonzalo: <br /><br />You wrote, "Most people will not know how to achieve that privacy before they get into bitcoin. And once they do, and decide they want privacy, it might well be impossible to achieve. "<br /><br />One you understand how bitcoin works you can clean your coins very easily. Google "CoinJoin", "SharedSend", "DarkWallet", "Honey Badgerhttp://www.youtube.com/watch?v=4r7wHMg5Yjgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27797813627092940112013-12-06T13:57:14.333-05:002013-12-06T13:57:14.333-05:00Bitcoin is not easy to track. The only way to fin...Bitcoin is not easy to track. The only way to find identifying information about who owns a wallet is if that person expressly publishes that information publicly. Wallets can be hosted anonymously on third party web sites. Bitcoins can be tumbled with other users' coins. New wallet technology is scheduled to go live in 2014 that will allow for trust-less mixing of coins and complete Libertarian Newshttps://www.blogger.com/profile/09978065788530967251noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36764584839644462302013-12-06T13:54:01.754-05:002013-12-06T13:54:01.754-05:00gov't is trying hard to dissuade people from p...gov't is trying hard to dissuade people from purchasing gold it seems............<br /><br /><br />There Is Too Little Gold in the West<br />The history of gold's flight to the developing world<br />by Alasdair Macleod<br />Friday, December 6, 2013, 12:53 AM<br />Since those events in April, someone has been supplying the market with significant quantities of gold to keep the price down. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-90006601331443725652013-12-06T13:46:32.307-05:002013-12-06T13:46:32.307-05:00@Honey BadgerDecember 6, 2013 at 1:15 PM
You wrot...@Honey BadgerDecember 6, 2013 at 1:15 PM<br /><br />You wrote, “<i>bitcoins can be tracked but the owners of those bitcoins can't unless they voluntarily or accidentally tie their identity to those coins. Privacy is easy to achieve for those who know how. </i><br /><br />Most people will not know how to achieve that privacy before they get into bitcoin. And once they do, and decide they want Gonzalo Lirahttps://www.blogger.com/profile/10596675676272535336noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-13505631619419526642013-12-06T13:24:17.355-05:002013-12-06T13:24:17.355-05:00@AnonymousDecember 6, 2013 at 12:57 PM
Please be ...@AnonymousDecember 6, 2013 at 12:57 PM<br /><br />Please be serious. Do you think the gvt is going to give a transaction edge to Bitcoin over bankster credit cards, of course, they are not! This does not mean the gvt doesn't like the tracking features.<br /><br />You sound like a guy with a stethoscope stuck up his ass, who thinks that's the only use for a stethoscope. Robert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72892093490781591342013-12-06T13:23:08.801-05:002013-12-06T13:23:08.801-05:00The government does not have the computing power t...The government does not have the computing power to take over the blockchain. That is what is meant by "decentralization". Next question?Honey Badgerhttp://www.youtube.com/watch?v=4r7wHMg5Yjgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-34097483777419745522013-12-06T13:15:12.350-05:002013-12-06T13:15:12.350-05:00Ignorance abounds. The bitcoins can be tracked but...Ignorance abounds. The bitcoins can be tracked but the owners of those bitcoins can't unless they voluntarily or accidentally tie their identity to those coins. Privacy is easy to achieve for those who know how. Next, Ross Ulbricht was not exposed by his bitcoins, he was exposed by other means and simple detective work. Bitcoins where not his downfall.Honey Badgerhttp://www.youtube.com/watch?v=4r7wHMg5Yjgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-75676277186065021532013-12-06T12:57:52.918-05:002013-12-06T12:57:52.918-05:00OK, so it fails because it is traceable and the Go...OK, so it fails because it is traceable and the Gov. loves that...fine. But that invalidates your earlier criticism that it would fail because the Gov. would squeeze the exchanges, which they wouldn't if they love the track-ability. <br /><br />Seems like your just moving arguments again because your previous one has not materialized. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-64942056775231763692013-12-06T12:53:42.408-05:002013-12-06T12:53:42.408-05:00I have pointed out all along that Bitcoin users ar...I have pointed out all along that Bitcoin users are easy to track. That's why I will have Sarah Meiklejohn,Computer Scientist and professor at the Univ. of California-San Diego, discussing her analysis of Bitcoin and why it is far from anonymous, on RWS next week. <br /><br />It will fail precisely because government loves it, it tracks all trasactions and it is a trap for anyone who thinks Robert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-80824720340820184472013-12-06T12:46:27.357-05:002013-12-06T12:46:27.357-05:00So which is it Robert? Bitcoin will fail because t...So which is it Robert? Bitcoin will fail because the Gov. will make it fail, or its their favorite thing ever? Got to pick a side I reckon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-30151052683734890852013-12-06T12:34:55.128-05:002013-12-06T12:34:55.128-05:00An interesting point that Mr. Lira brings up is th...An interesting point that Mr. Lira brings up is that of the weakness of the blockchain itself.<br /><br />I never really thought about the notion of government taking control of the blockchain itself, which yields them in total control. We always hear about the "decentralized" nature of Bitcoin, but the actual blockchain itself seems vulnerable.<br /><br />I was also fascinated by a Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.com