There is no feature, compelling or otherwise, that Bitcoin can't replicate.  The only question is whether or not the userbase considers your 'killer feature' as highly as you do.  If they do, then Bitcoin will steal your idea.  I'm still waiting for your grand announcement, BTW, and I'll be the first to point out if there is prior art within the bitcoin ecosystem.

Bullshit. Bitcoin has no reliable anonymity even when used with Tor+VPN. The only way to be surely anonymous is connect to the internet in a way that the connection can not be associated with you such as a different netcafe or a new unregistered mobile device and sim card every time you transact.

Since most people aren't doing that, Bitcoin can be easily taken over by the government. End of story.

And Bitcoin can't be fixed, here is why:

https://bitcointalk.org/index.php?topic=455141.msg5723957#msg5723957

Truth is as strong as Titanium.  




+1. Good to see not everyone is dumb.

Actually we don't need that altcoin to kill Bitcoin. I believe the Fourth Branch of government created Bitcoin, and they will make it mainstream by regulating it then allowing it to be legal tender so no more taxes on using it. That is good even for an altcoin which the government hates, because expands our ecosystem.

So what I see is a better altcoin that is #2, but better for all of us idealists who understand where we are headed 10 - 20 years hence. The masses will follow us into this altcoin later, after they get totally fucked over by the government as socialism implodes. For now the masses still trust the government, otherwise the $223 trillion global fractional reserves (i.e. debt) and $1000 trillion of derivatives would have imploded already.


I am not polluting. I responding on Buffet's point as to why Bitcoin can not become a unit-of-account (unless it becomes the new digital fiat legal tender).

Tor and VPNs can not be proven to anonymous when you use them. You might get lucky, you might not.

And besides, most are not using them, thus diluting the percentage of those who use them (5%?) by the percentage that you get lucky (80%?), means some very small percent (0.05 x 0.8 = 4%?) of Bitcoin users are anonymous w.r.t. to IP address.

And that is only IP address. You still have to mix your coins so they can't be traced on the public ledger block chain.

Problem is all mixers have the same problem as VPNs, in that you can't prove the people running them aren't revealing your identity (NSA gag order can be applied to them) or that their servers aren't backdoored.

And mixers are only a small percent of users, so thus the anonymity set is very limited.

So all of this means that the government can find 95+% of the users to attack them with taxation and criminal liability for all activity on the coin history. Because how can you prove you didn't mine the coin and sell it to yourself multiple times unless you have the identities of who you bought from and sold to?

Come on morons, you haven't thought this out.


Hahaha, of course not. I already wrote upthread that all existing and known planned altcoins are crapcoins. Even Ethereum is nonsense because putting a Turing complete language in the block chain can cause a virus and destroy the entire block chain.

Sorry I believe you got this all wrong. I am going to totally change your perspective on Bitcoin.

Lower transaction fees will not cause merchants to accept only Bitcoin. They must continue to accept credit cards. And the masses are not merchants, so they will stick with what is familiar. The only people that will move into Bitcoin are investors or people who want to anonymous. Anonymity is the big non-investment market that electronic fiat can't provide. And Bitcoin isn't anonymous and technically can't ever be. Thus Bitcoin will be limited to those high tech savvy global investors and then the last greater fools who come in at the top of the bubble, so figure less than 100 million globally. We've got some where between 10 - 100X more growth before Bitcoin peaks as a commodity non-legal tender currency.

I believe the Fourth branch of the USA government created Bitcoin. I believe they will use their taxation powers to take control over (e.g. through the mining pools and regulation of all businesses) or limit Bitcoin. They can then offer the masses their centralized altcoin which works better as what the masses want and are accustomed to. Lack of anonymity means Bitcoin can't resist this outcome.

Bolded text inserted by myself.

clusterfuck
Web definitions
A chaotic situation where everything seems to go wrong. It is often caused by incompetence, communication failure, or a complex environment; To fuck (something) up, to make a total mess of
http://en.wiktionary.org/wiki/clusterfuck

CIA even attacking its greatest proponent:

http://armstrongeconomics.com/2014/03/11/feinstein-get-what-she-has-dished-out-to-the-world/


http://armstrongeconomics.com/2014/03/14/obama-feinstein-nsa-destroying-america-better-thsn-russia-could-ever-do/
http://armstrongeconomics.com/2014/03/14/the-fourth-branch-deep-than-the-deep-state/
http://armstrongeconomics.com/2014/03/14/germany-to-throw-in-prison-people-with-swiss-accounts/
http://armstrongeconomics.com/2014/03/13/another-ny-trader-jumps-to-his-death/
http://armstrongeconomics.com/2014/03/12/nigel-farage-europe-is-crumbling/
http://armstrongeconomics.com/2014/03/11/europeans-enter-final-stage-on-how-to-pay-for-the-european-failed-banking-system/

Just let the climate freaks eat their poison. It is futile to convince of them of the facts.

Get yourself some anonymous crypto-currency, then sit back with your popcorn and watch them destroy themselves with taxes.