Quote from: IMZ on April 24, 2016, 03:49:05 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.

Reading reading reading. This is good: https://petertodd.org/2016/mit-chainanchor-bribing-miners-to-regulate-bitcoin

I am sorely tempted to return to my very very first crypto inclination: to write its political theory. We seem to be rushing past a never-got-achieved anarcho-capitalism towards an anarcho-techno-dystopia.

Mark, though I am more of an independent thinker - a big picture person, I understand your frustration:

"I am sorely tempted to return to my very very first crypto inclination: to write its political theory. We seem to be rushing past a never-got-achieved anarcho-capitalism towards an anarcho-techno-dystopia."

Sometimes we could be "too smart" for our own good and fail to exploit what we already have. To me the most ingenious creation about Bitcoin is bitcoin itself - the digital currency. The currency potential is huge if a lot of the associated challenges and problems can be resolved. The under-pining blockchain technology has great utility value and should be exploited. Our industry, as a group, is all over the place. It 's a common mistake, as explained in the book:

Quote: The Four Pillars of Business Success - Chapter 11 - Products:

"One of the mistakes I commonly see involves new entrepreneurs - flush with excitement and filled with a seemingly endless supply of bright ideas- who spent all their time developing new products, even at the expense of cannibalizing their old offerings. They are engaged in what I like to refer to as a build and destroy strategy. That path leads to nowhere fast. And you can go bankrupt doing it.

Do not build and destroy. Whenever you create a new product, focus your energies on exploiting it to its fullest so that you can maximize its potential and achieve an optimal return on your investment with the best possible sales revenue and profitability. Any time you abandon efforts to increase your ROI from a product, you must be sure that it has reached its maximum potential already. If it has not, then you are failing to fully take advantage of your prior efforts, and essentially denying yourself revenue just for the sake of trying something new."