Post
Topic
Board Bitcoin Discussion
Re: Decentrally mined currency has failed and can't possibly be rescued
by
turvarya
on 01/12/2014, 08:10:49 UTC
I have stopped reading after a while.
I just have one question:
If governments can regulate everything, why is https://thepiratebay.se/ still there?

I had already answered you before you wrote that, but you stopped reading so that means your laziness caused you to miss an important detail as follows.

You are making the same category error in your comparison as Holliday did (erroneously equating two orthogonal categories). Please refer to my reply to him, wherein I pointed out that the government can not centralize actions (e.g. growing marijuana) people can do independently.

Whereas, money is inherently a centralized concept, because we all need a ledger that we can agree is the record of who paid what to whom. Thus individuals can't ignore government regulations acting independently with their Bitcoin if the authorities can find the mining pools (and thus the government can regulate the mining pools, i.e. the servers control which transactions are put on the block chain).

The only way you can stop the government from having this power, is to hide the mining pools so the government can't find them (the servers).

It doesn't amaze me that n00bs can repeat the same category error over and over again, completely failing to establish the logic firmly in their mind. This is the difference between a very high caliber computer programmer and normal folks. To be a very good computer programmer, you need to have very well developed logic skills.

So don't you see? That piratebay is a paradigm that doesn't depend on a centralized resource, thus it is "whackamole" in that the authorities can whack one instance but other instances can pop up any where in the world spontaneously.

Whereas, crypto-currency depends on the the consensus of 50% of the hashrate. Thus if the majority of the users follow the edicts of the government and transact through the government approved mining pools, then the spontaneous instances of decentralized mining pools are impotent.

You don't understand that the government is expert at social engineering, otherwise it wouldn't exist. Social engineering is the definition of a politician.

Remember money is always a consensus paradigm. Don't forget that crucial distinction!

http://armstrongeconomics.com/2014/11/30/swiss-vote-on-gold-anti-immigration-today/

How are mining pools not a whackamole-game?
I don't get, why so many people are talking about pools, like they actually have the hashrate. They just don't. Like a site, like ThePirateBay doesn't have the files on their servers, but the files are om individual PC around the world, the hashrate is not on a pool, but on individual PCs/Asic around the world.
You just assume, that people would stay on a government controlled pool, but there is just no reason, why they should.