Quote from: r0ach on June 26, 2016, 04:33:29 AM

Quote from: iamnotback on June 26, 2016, 03:22:21 AM

I think we need to try to do something in terms of investing our money in honest s/w development.

Or just stick with BTC and accept the fate of Blockstream + China, which in my opinion in another way we are being used for the objectives of those who control us.

I try to be pragmatic and set reasonable expectations for what can become of things. I'm aware governments can attempt to co-opt BTC in different manners by trying to regulate mining facilities and all that. Whether that would actually work or not is highly debatable being a multi-continent thing +10,000 altcoins they have to play endless whack-a-mole with and lose eventually. This is why there's no real reason for them to even try to attack BTC in that manner.

Your conceptualization is factually incorrect w.r.t. Bitcoin. Please try to study these links:

https://bitcointalk.org/index.php?topic=1465136.msg14836040#msg14836040 (halving will increase centralized control)
https://bitcointalk.org/index.php?topic=1465136.msg14834374#msg14834374
https://bitcointalk.org/index.php?topic=1465136.msg14817397#msg14817397 (prior specific rebuttal to r0ach)
https://bitcointalk.org/index.php?topic=1465136.msg14828552#msg14828552 (followup to r0ach)
https://bitcointalk.org/index.php?topic=1465136.msg14803606#msg14803606 (read all of sockpuppet1 posts down that page)
https://www.reddit.com/r/btc/comments/49a14r/how_the_heck_are_actual_bitcoin_users_who_want_a/d0taiqa?context=3 (controlling block size Blockstream+China necessary to maximize Fees)
https://bitcointalk.org/index.php?topic=1465136.msg14810338#msg14810338
https://bitcointalk.org/index.php?topic=1465136.msg14816704#msg14816704 (rebuttal to r0ach's commodization of ASICs non-solution)
https://bitcointalk.org/index.php?topic=1465136.msg14835570#msg14835570 (followup to r0ach)
https://bitcointalk.org/index.php?topic=1465136.msg14828344#msg14828344 (rebuttal to r0ach's free electricity from heating our homes)
https://bitcointalk.org/index.php?topic=1465136.msg14817057#msg14817057
https://bitcointalk.org/index.php?topic=1465136.msg15145893#msg15145893

As for playing whack-a-mole with altcoins, they only need to control the popular block chain used by the masses (Bitcoin) and businesses (Ethereum). All the rest of the altcoins will die, because nobody wants to be developing for an ecosystem or accepting tokens from that which is not mainstream. Our window of opportunity to not be enslaved is slipping away, because people like you are willing to look the other way and think incorrectly about how the elite have always insidiously taken power while the masses were asleep at the wheel.

Quote from: r0ach on June 26, 2016, 04:33:29 AM

The point is, none of those worst case scenarios are even a deal breaker to me because they still would not be worse than the system we already have. Bitcoin isn't usury, debt, fractional reserve based, or inflationary, so no matter what "they" do to the thing, you will probably be getting some type of more sound money out of the deal. You try to say they will "claw it all back" with 90% taxes or whatever, but that's not an inherent Bitcoin problem, that's a too big of govt problem.

Not only can centralized control over the mining do everything a fiat currency did, but worse it is a digital public ledger that tracks everything and can even turn off you ability to transact (once they add MIT's ChainAnchor).

https://bitcointalk.org/index.php?topic=1465136.msg14787119#msg14787119 (Matonis disagrees with you)
https://bitcointalk.org/index.php?topic=1465136.msg15137165#msg15137165
https://bitcointalk.org/index.php?topic=1465136.msg14854273#msg14854273 (Bitcoin is a global politik)
https://bitcointalk.org/index.php?topic=1465136.msg14844569#msg14844569
https://bitcointalk.org/index.php?topic=1465136.msg15126195#msg15126195

Quote from: r0ach on June 26, 2016, 04:33:29 AM

If every 1st world nation bands together to create a North Korean, gulag system where everyone who makes over $10,000 a year is taxed for 90% using the blockchain to prove how much wealth you have, at that point you would just cash out your now much more valuable BTC,

There won't be anything non-digital to cash out to. You will tracked and controlled.

There won't be any more physical cash. Physical gold as cash will be illegal. Trading your BTC directly for land without a digital record, will be illegal.

Terrorism. Can't be allowed. Those damn terrorists will be blamed. Everything must be tracked. That is why the elite are flooding Europe with Muslims, so they can create a chaos to usher in the 666 system.

Quote from: r0ach on June 26, 2016, 04:33:29 AM

If Bitcoin accomplishes it's intended goal, you win. If Bitcoin is somehow co-opted by a world government, you're now front running the government and still win with 10,000x more resources to attempt to accomplish whatever it is you wanted to do before. Bitcoin never shipped with a label that says "100% guaranteed to prevent an authoritarian world government from forming that will kill everyone".

r0ach it is sad that you'd prefer a happy delusion than the depressing reality we face. Because then maybe you would stop fucking around and get serious and fight. Come on man. Fight. Don't be a wimp.

Interesting I found this quote of Blockstream and Bitcoin core dev I had missed:

Quote from: gmaxwell on June 06, 2016, 02:58:38 AM

Quote from: Yakamoto on June 06, 2016, 02:54:13 AM

Explain to me why the hell it matters having a large portion of the hashing power in a geographical location.

It is much easier to drive up with tanks to commandeer geographically clustered hashpower.

But destroyed? "We are told to remember the idea, not the man, because a man can fail. He can be caught. He can be killed and forgotten. But four hundred years later an idea can still change the world. I've witnessed firsthand the power of ideas. I've seen people kill in the name of them; and die defending them."