Quote from: jamesclark on July 28, 2014, 05:13:13 AM

Quote from: r0ach on July 28, 2014, 05:09:40 AM

You might want to change the post title to, "Bitcoin itself has failed and is not a trustless system". So how exactly is some fly by night altcoin going to solve what Satoshi didn't? Explanation below:

Quote from: r0ach on July 28, 2014, 03:55:08 AM

The current Bitcoin model is already an obvious failure while people walk around in a delusional state pretending it isn't. It's advertised as requiring "no trusted 3rd parties", yet the entire thing relies on them in the form of a small number of mining pools for block verification. Since Bitcoin never solved the "no trusted 3rd parties" dilemma, it's time to admit that and come up with a solution, most likely assign a performance metric to regulate those parties (i.e. PoS with reputation variable).

Unless every single iota of Bitcoin dev manpower is redirected towards the solitary goal of getting rid of mining pools, they're operating under the textbook definition of insanity.

I guess people talk different thing here. This, if I understand correctly, talks about anonymous transaction where bitcoin does not support anyway.

Sorry I may not stated it clearly. Yes this is about the anonymous transactions, I updated the title. Thanks jamesclark.