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 fire of boredom. I gotta code somethin cool in the next few months so we can have a new headline on this site finally.
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.
I'm on fat0wl's train out of here. Previously I gave you guys the respect of honest antagonism. The quackery of bitcoin is so obviously ludicrous I can no longer justify my time spent pointing it out.
People throwing money around does not make a thing important.
Don't you dare say no one warned you when the whole thing comes crashing down.
And yes, fine, whatever, you can say "toldya so" all you like when Bitcoin fulfills your fantastic greed and you lot join the 1% of your new capitalist utopia. Real moral high ground you'll have, then.
"The quackery of bitcoin is so obviously ludicrous I can no longer justify my time spent pointing it out."
Oh, what a terrible loss for thoughtful discussion, nothing frames a debate quite as nicely as dismissing the topic of discussion as quackery.
"People throwing money around does not make a thing important."
What does that even mean? I'm not sure what makes something important, but from an entrepreneur's perspective "people throwing money around" (to the tune of a couple billion dollars) is at least... significant? something that merits continued examination? Important doesn't seem like a stretch, but I'm sure you have a quintessential example of something important...
"Don't you dare say no one warned you when the whole thing comes crashing down."
I appreciate the smugness in your concern, but just about everyone who invests in bitcoin is aware of the price volatility, you're like the guy who scoffs at lost mountain climbers as if they didn't realize that risk was part of the journey.
"And yes, fine, whatever, you can say "toldya so" all you like when Bitcoin fulfills your fantastic greed and you lot join the 1% of your new capitalist utopia. Real moral high ground you'll have, then."
Ok, right. So if I understand, if it all comes crashing down, you warned us all, but if the opposite happens then we're all assholes for reaping the rewards of our investment in something we were told was unimportant quackery destined to fail.
I'm starting to feel like this is one of those posts designed to trigger a defensive response in gullible readers who mistake your comment for an attempt at reasoned discourse. What do they call that again?
Starting, eh?
The author basically says the bitcoin handler at the coffee shop will know how much you have unless you go through a massive scheme (which is probably borderline illegal for decent reasons) to gain back any sense of normalcy.
This is what happens when people take their own ball to go play in their own yard.
If it's going to take the amount of time, energy, and expertise to barely make bitcoin usable, how does the cognitive dissonance not overwhelm the coinbugs?
Bitcoin is not so bad at privacy as you say. But it's certainly can be made better with fully automated solution deployed on massive scale individually, without major agreement or protocol changes. It's just an evolution of the technology. Ajax apps also did not appear overnight on the web.
That's generally not the case. You might be able to see some of my funds, but certainly not the entire contents of my wallet unless you're using very broken ones. I've hundreds of different inputs in my wallet, and you'd only be seeing one of them.
I think the danger of the public nature of the blockchain is way overstated. It's fairly trivial to introduce reasonable doubt into your transaction history, blockchain analysis is nowhere near as useful to law enforcement as some people think.
The situation I worry about more is when someone is operating outside of the law, for example if you legitimately but unknowingly end up with some coins that were previously stolen, and then some guys with baseball bats turn up at your house.
That's why you split the coins repeatedly as you mix them. You don't want more than 0.1% of someone's "dirty" history. Client-side statistical analysis allows each node to decide which coins are good for them personally. (So that all coins are "far" away from each other.)
Yeah I can actually understand where you are coming from. I spend a lot of time with Bitcoin but never come to HN for Bitcoin information, I prefer my HN being startups and programming/algorithm stuff.
I think one of the reasons Bitcoin is becoming more popular on HN is that a lot of us are interested in fun/challenging tech ways to make a decent living or even make a million bucks.
At the moment Bitcoin is making a bunch of nerds millionaires and we are all interested in making sure Bitcoin overcomes all the hurdles ahead.
Haha nowhere special, everything I know originates from Bitcointalk. A lot of information about the people, code, economy is there. However you do have to spend sometime searching and sifting through the noise.
Apart from the massive signal to noise ratio any site or related information ends up on that forum one way or another, it is a fantastic central hub. Just be warned, 99% of the stuff there is absolute rubbish.
A lot of the code has been explained over the years on the forum and a lot of discussion takes place about how certain things might be better off different. (At the moment a big area of interest is Coinjoin and Zerocoin is discussed quite a bit too.) Also the inventor of hashcash frequents the forum sometimes and offers good insight.
