Quote from: RJF19 on April 23, 2016, 03:31:48 PM

Quote from: Dyna on April 23, 2016, 01:24:40 AM

Quote from: DNotes on April 22, 2016, 08:10:42 PM

Quote from: RJF19 on April 22, 2016, 07:49:20 PM

Quote from: kanus1113 on April 22, 2016, 04:35:17 PM

Quote from: DNotes on April 22, 2016, 02:59:24 PM

Quote from: RJF19 on April 22, 2016, 12:42:48 PM

This won't go over well...

http://bitcoinist.net/peter-todd-exposes-mit-chainanchor-project-that-enables-tracking-bitcoin-users-identity/

No it won't. One of the key advantages of cryptocurrencies is anyone, anywhere in the world is able to participate.

That is messed up... I can see them doing something outside of bitcoin or on a sidechain for willing participants, but what right do they have to try and force transaction rules for the entire world.................

Apparently, the article left out some very important information. See the followup here:

http://www.coindesk.com/mit-dismisses-bitcoin-developer-criticism-project-proposal/?utm_source=CoinDesk+subscribers&utm_campaign=1e420b4d3e-EMAIL_RSS_CAMPAIGNT2&utm_medium=email&utm_term=0_74abb9e6ab-1e420b4d3e-78905009

Ahh, that makes a lot more sense.

Frankly, this industry is making a lot of things much more complicated and confusing than it needs to be. If we don't make a serious effort to keep things simple the likelihood of mass acceptance of Bitcoin and other digital currencies is remote. And that is what the bankers are hoping will happen.

It's human nature really, we all need to put our "stamp" on things. Everyone has done it, some more then others, when you say "I can make that better." or "They should have done it this way" and so on. Hopefully the level heads will prevail and development will continue on a more or less even keel. The original problem remains, there is no "captain" on this ship and the crew is free to do what they want.

Basically, it's open season on the technology, anything goes. This is one of the reasons ALT coins are so important. Gives developers and coders a way to test their innovations and changes without messing with Bitcoin itself. As stable alternatives to Bitcoin begin to emerge and their development cycles calm down, we will see more and more challenges to the leader. Hopefully, there will be room for more than one crypto with each offering having it's own special purpose such as DNotes will.

This whole mindset of "replacing" Bitcoin is a bit ambitious in my opinion. There is certainly room for multiple coins in the halls of success.

I agree. The opportunities are not limited to Bitcoin but it does not mean that we have to replace it. It is good to have competition and there is plenty of room for other altcoins to be quite successful.