US Senate Hearing on Virtual Currencies
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[quote name=“zerodrama” post=“35043” timestamp=“1384900349”]
When McDonald’s coin comes out, I’m going to use them put a hit out on Ronald McDonald.
[/quote]Why wait? You can do that now with Bitcoin: [url=http://www.forbes.com/sites/andygreenberg/2013/11/18/meet-the-assassination-market-creator-whos-crowdfunding-murder-with-bitcoins/]http://www.forbes.com/sites/andygreenberg/2013/11/18/meet-the-assassination-market-creator-whos-crowdfunding-murder-with-bitcoins/[/url]
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[quote name=“Kirjokansi” post=“35055” timestamp=“1384903362”]
I’ve heard Open Source just copies innovation, never does it, because there’s no innovation without money.
[/quote]Nope. The Linux Kernel is the source of a lot of innovation, especially when it comes to schedulers. It’s open source. Hibernate set the stage for many commercial Object-Relational-Mapping tools for relational DB’s in terms of innovation. It’s open source. Java changed the way we use VM’s so drastically that the page I’m typing this on uses an open source VM to pull off half it’s tricks. V8 is open source. So is Java.
The INTERNET is a source of constant innovation. It’s built on open source protocols, and frequently powered by open source hardware running open source software. The protocols came first, and the money came much later.
Bitcoin is revolutionizing currencies, value stores, payment systems, and entrepreneurship. It’s open source.
Innovation comes from open source all the time, and it’s frequently adopted by commercial ventures as their foundation technology. Sites like BitPay are good examples of this.
[quote author=Kirjokansi link=topic=4534.msg35055#msg35055 date=1384903362]
But my mind just starts tripping when I think how a crypto could be “gamefied” so that you make it in a game and use it outside of it (to some extend), not just turn it to an “outside currency”. In a MMO like EVE online fe. the materials are mined and the economy is player driven. Wonder how hard would it be to make so that you mine some sort of raw form of crypto that you refine to something different. :P
[/quote]It’s already being done. Take just-dice.com, or any of the other off-blockchain gambling sites. I take it you don’t remember the promise of Craftcoin? Or the PhenixCoin poker site fiasco?
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I’ve been mining Xbox points with Bing searches for years. ;)
Now it pays straight cash homie! But only for use with Microsoft sites/offers.
Yeah Kevlar, I just sent the same type message as yours above to my friends. I’m looking forward to Matthew G.'s updates. Nothing’s changed from this Summer; whoever implements zc will dominate as the peoples coin. These hearings, the regulation … all of it was expected and zc appears to have been solved in the nick o time.
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[quote name=“Tuck Fheman” post=“35064” timestamp=“1384904450”]
I’ve been mining Xbox points with Bing searches for years. ;)Now it pays straight cash homie! But only for use with Microsoft sites/offers.
Yeah Kevlar, I just sent the same type message as yours above to my friends. I’m looking forward to Matthew G.'s updates. Nothing’s changed from this Summer; whoever implements zc will dominate as the peoples coin. These hearings, the regulation … all of it was expected and zc appears to have been solved in the nick o time.
[/quote]Watch out Tuck, you’ve clearly got a chip on your shoulder. Claiming that an untraceable version of Bitcoin will have additional utility over a version which can be tracked using trivial forensic analysis? That’s outlandish. You must be a troll.
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[quote name=“Kevlar” post=“35066” timestamp=“1384904785”]
Watch out Tuck, you’ve clearly got a chip on your shoulder. Claiming that an untraceable version of Bitcoin will have additional utility over a version which can be tracked using trivial forensic analysis? That’s outlandish. You must be a troll.[/quote]
I’m trying to achieve “[i]zerodrama level[/i]” to avoid all such responses … .I’m not there yet … but I have managed a 30% reduction compared to your results (results are INEC certified).
I try to be more vague, allowing the reader time to think for themselves, while you choose to pull the tree out of their eye then point the forest out to them, the leaves on the ground, dead animals and any resulting stench. ;D
I’ll go ahead and poke the elephant in the room though …
[list type=decimal]
[*]Zerocoin protocol is essential (even more so today) and the coin that implements it first will dominate a large market.
[*]Bushstar cannot implement zerocoin protocol on his own (my assumption).
[*]This leaves zerodrama. zerodrama, are you able to implement the new zerocoin version into Feathercoin and if so, in what time frame?
[*]If the zerocoin protocol is being added to an altcoin by the zerocoin developer team in a matter of weeks (6-10?), would crypto users use another coin that implemented zc? Probably, but definitely diminished returns.
[*]The hype surrounding such a coin will be huge as it comes to market and it WILL be backed by big players in crypto. Who will survive and why?
[*]There is a huge advantage to mining the instant the coin goes live, this will hurt all altcoins. Who will survive and why?
[*]Is Community enough? I don’t think so. All altcoins will lose a lot of their participants.[*]Any coin planning on surviving outside Bitcoin, Litecoin, TBDcoinw/zerocoinprotocol … better get a good plan going now.
[*]This was expected. What was unexpected (by me) was for Matthew and the others to decide to create a new coin. This changes things.
[*]I’m sorry if my opinions/interpretations do not agree with anyone elses. By all means, express yours but don’t attack mine. Thanks!
[/list] -
Wait, what? Canada has its own crypto-coin?
I’ve been spending too much time on movie sets…
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[quote name=“mnstrcck” post=“35077” timestamp=“1384907413”]
I’ve been spending too much time on movie sets…
[/quote]Wait, you’re a pr0n star?
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[quote name=“Tuck Fheman” post=“35084” timestamp=“1384908086”]
[quote author=mnstrcck link=topic=4534.msg35077#msg35077 date=1384907413]
I’ve been spending too much time on movie sets…
[/quote]Wait, you’re a pr0n star?
[/quote]Kind of… like doing gay porn. I get paid OK money to get railed by producers on a daily basis.
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[quote name=“Kevlar” post=“35049” timestamp=“1384901418”]
Why wait? You can do that now with Bitcoin: [url=http://www.forbes.com/sites/andygreenberg/2013/11/18/meet-the-assassination-market-creator-whos-crowdfunding-murder-with-bitcoins/]http://www.forbes.com/sites/andygreenberg/2013/11/18/meet-the-assassination-market-creator-whos-crowdfunding-murder-with-bitcoins/[/url]
[/quote]thanks for teh link!
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[quote name=“mnstrcck” post=“35088” timestamp=“1384908281”]
Kind of… like doing gay porn. I get paid OK money to get railed by producers on a daily basis.
[/quote]You’re wearing goggles though, right? Or are you not in Cali?
;)
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[quote name=“Tuck Fheman” post=“35090” timestamp=“1384908356”]
[quote author=mnstrcck link=topic=4534.msg35088#msg35088 date=1384908281]
Kind of… like doing gay porn. I get paid OK money to get railed by producers on a daily basis.
[/quote]You’re wearing goggles though, right? Or are you not in Cali?
;)
[/quote]Work Safety Rules haven’t gotten there yet here in Canada. Soon, though… soon.
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We are meeting Cody Wilson on 30th at the Expo in London from https://darkwallet.unsystem.net/ in case that’s interesting.
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[quote name=“chrisj” post=“35135” timestamp=“1384946055”]
We are meeting Cody Wilson on 30th at the Expo in London from https://darkwallet.unsystem.net/ in case that’s interesting.
[/quote]Cool! Just saw him on Max Keiser.
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Surprisingly I’ve been reading some backlash about zerocoin protocol (didn’t expect that). There are a lot that have no interest in it at all and call it laundrycoin and such. Others have issues with it being script, with it not being part of bitcoin or with it’s core principles altogether.
I disagree with all of those thoughts, but it was more opposition than I expected to see. It’s interesting. We’ll see what happens in December-January.