From: Justus Ranvier <justus@openbitcoinprivacyproject•org>
To: bitcoin-dev@lists•linuxfoundation.org
Subject: Re: [bitcoin-dev] Your Gmaxwell exchange
Date: Mon, 31 Aug 2015 15:27:53 -0500 [thread overview]
Message-ID: <55E4B8C9.5030606@openbitcoinprivacyproject.org> (raw)
In-Reply-To: <602b978abcedd92fbed85f305d9d7bfe@cock.li>
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On 08/31/2015 03:06 PM, Monarch via bitcoin-dev wrote:
> What is Bitcoin if not decentralized?
>
> Bitcoin the most awkward, unprivate and damaging currencies ever
> created. It is terribly slow for general use, and it is very
> difficult for users to get over the technical hurdles required to use
> it safety. It is simultaneously the least private payment system ever
> conceived for general use, yet still manages to consistently help
> terrorists and pedophiles. Over half a gigawatt of power is used to
> power the miners which timestamp the network, causing hundreds of
> millions of tonnes of CO2 and radioactive particles to be spewed into
> the atmosphere.
>
> Perhaps we can justify these damages as the cost of decentralization,
> similar to one justifying the tor anonymity network as having
> significant positive effects outweighing the negative. However if you
> are truly willing to give the goal of absolute decentralization up as
> unachievable or unrealistic, it would be much more sensible to replace
> the entire Bitcoin network with a couple of geographically distributed
> SQL servers and call it a day.
>
> Without decentralization as an ultimate goal, Bitcoin is an
> abomination that is best dismantled.
You don't understand what value proof of work provides, or what features
differentiate good money from poor money, and you can't make a
defensible statement of Bitcoin's value proposition.
Because you can't do these things, you assume nobody else can do them
either and therefore the only way for Bitcoin to survive is to sweep the
problem under the rug and distract users with a word that means nothing
(and therefore means whatever the observer wants it to mean).
This is not a strategy that can be successful in the long term.
--
Justus Ranvier
Open Bitcoin Privacy Project
http://www.openbitcoinprivacyproject.org/
justus@openbitcoinprivacyproject•org
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next prev parent reply other threads:[~2015-08-31 20:28 UTC|newest]
Thread overview: 35+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-08-31 20:06 Monarch
2015-08-31 20:27 ` Justus Ranvier [this message]
2015-08-31 20:48 ` Monarch
2015-08-31 21:24 ` Allen Piscitello
2015-08-31 21:42 ` Monarch
2015-08-31 21:54 ` Justus Ranvier
2015-08-31 22:53 ` Monarch
2015-08-31 23:24 ` Justus Ranvier
2015-09-01 0:02 ` Milly Bitcoin
2015-09-01 9:25 ` Jorge Timón
2015-08-31 23:32 ` Peter R
2015-08-31 23:47 ` s7r
2015-09-01 2:16 ` [bitcoin-dev] Let's kill Bitcoin Core and allow the green shoots of a garden of new implementations to grow from its fertile ashes Peter R
2015-09-01 2:25 ` Gregory Maxwell
2015-09-01 8:42 ` Adam Back
2015-09-01 10:16 ` Chris D'Costa
2015-09-01 11:20 ` Monarch
2015-09-01 12:24 ` Wladimir
2015-09-01 22:06 ` s7r
2015-09-01 11:44 ` [bitcoin-dev] Your Gmaxwell exchange Monarch
2015-09-01 11:11 ` Monarch
2015-09-01 15:59 ` Dave Collins
2015-09-01 16:51 ` Monarch
2015-09-01 18:37 ` Eric Voskuil
2015-09-01 20:08 ` Monarch
[not found] <CAEgR2PFB3h_8fr=d8HegRSD0XdooimhFKtLR4vKr2QXv+EwBfQ@mail.gmail.com>
[not found] ` <AD284610-4F40-445C-A074-CC94EDFFCBA8@gmx.com>
2015-08-30 3:25 ` Gregory Maxwell
2015-08-30 4:13 ` Peter R
2015-08-30 4:57 ` Gregory Maxwell
2015-08-30 6:38 ` Adam Ritter
2015-08-31 18:55 ` Justus Ranvier
2015-08-31 19:11 ` Mike Hearn
2015-09-01 20:29 ` Wladimir J. van der Laan
2015-09-02 18:51 ` Justus Ranvier
2015-09-01 2:30 ` Oliver Petruzel
2015-08-30 7:41 ` Peter R
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