Quote from: gweedo on April 19, 2013, 04:47:34 AM

Quote from: evgonoba on April 19, 2013, 04:41:40 AM

Quote from: gweedo on April 19, 2013, 04:31:31 AM

Quote from: evgonoba on April 19, 2013, 04:24:05 AM

To critique a suggestion as insane invites the same type of critique. It could also be called insane to suggest that any system is 'trustless'. Or maybe it is just plain amusing that a system could require no trust.

Is Bitcoin not based on a theoretical framework, too?

Does the money system we are to use but not trust based on 'values'?

Is this a religion or a money system?

So by trustless I mean my node doesn't need to trust what your node is sending to me. I can validate it on own, meaning it is a trustless system.

No bitcoin based on a protocol that is built and working, no theory behind it. If your talking about crypto-functions do some research. The addresses are nothing more than private public key, the bread and butter of internet commerce since about 1996 probably earlier.

This is a money system, that a lot of people are passionate about.

A lot of people are passionate about a lot of things. Nothing gained by that point.

No theory behind it? I'm sure its more serious promoters would wince at such a naive statement. There is theory of some sort behind all cultural innovations and certainly no money system stands a chance without taking money theory seriously.

The trust issues I raise have nothing to do with addresses and private public keys (technological issues) and everything to do with the conception and creation of the money itself, not whether or not nodes do or don't need independent verification.

You called us a religion or money system, I just said I am passionate about it.

I am a very serious promoter, there is no theory behind it.

There is no trust, the miners find a block it is validated, then it that miner gets 25 BTC. That is how the money is created, do research.

I am sorry but you clearly have not done any research on bitcoin, you are asking the same questions over and over and I give you the same answers over and over. You didn't prove anything beside you didn't do research. I will not keep talking unless you ask questions that actually warrant an intelligent answer.

I ASKED if it was a religion. I didn't call you a religion.

A money system with no theory. You do research. You embarrass yourself.

I understand 'how' the money is created. I also understand how Ben Bernanke creates money. Both have certain restrictions, and magic. It wasn't there, now it is.

Bitcoin is better, but it's in need of more examination and its current promoters are awfully defensive.