:: Re: [unSYSTEM] The law of the free
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Auteur: Robert Williamson
Date:  
À: System undo crew
Sujet: Re: [unSYSTEM] The law of the free
For the payment agnostic part, or the address reuse part?

This springs to mind for address reusing.
https://github.com/bitcoin/bitcoin/issues/2429


As for talking about value storage and transmission. I can't really
remember anything, I'm not even sure if I have seen any articles discussing
this in depth. I've read many about the deflationary aspect of Bitcoin, vs
the inflationary system currently used by the western world.

http://www.youtube.com/watch?v=2gmsKb__WVc

This is quite relevant to what I'm speaking about. I know of a few iranian
students who have bank transfers blocked because of these sanctions which
really have little effect on the Iranian regime, but seriously harm it's
citizens.

Bitcoin isn't a currency, as currencies tend to be a token (either coins or
paper notes), that holds a value, only because a government says they do
and accept taxes paid in that currency.

Bitcoin is really a value store over IP and allows the transaction of value
in the same way the internet allowed for the transaction of information.

The network consents to how much is produced and under what conditions,
rather than a central bank. We could throw difficulty rules out of the
window tomorrow and start mining our own blocks with a 100BTC reward, but
no other node in the system would accept them as valid, as such we would be
living on our own blockchain branch, deluding ourselves to the rest of the
world.

Because of this Bitcoins value really comes from the same view that people
have on gold, it's scarcity, only it isn't scarcity isn't certain as there
is likely still many reserves on Earth and some private space companies are
even now looking at asteroid mining.

Bitcoins scarcity is in a similar situation, it's value is also based on it
only ever having 21 million units and the health of the network, only
people holding it have a reason to strengthen it further by running nodes,
to prevent their own assets.

Bitcoin uses mathematics (cryptography, networking, game theory) to store
value in the same way that gold uses protons and neutrons to store value.
It's all just information that humans perceive as being desirable.

There's probably a few good quotes in there you can use.

Thanks
Bob



On 29 October 2013 19:53, Amir Taaki <genjix@???> wrote:

>
> Cool. Do you know any memorable articles, videos or resources about
> this? Doesn't have to be exactly Bitcoin related.
>
> On 29/10/13 20:51, Robert Williamson wrote:
> > Mainly how it is agnostic to who, or what you are sending value to,
> > it handles just like hand-to-hand cash transfers, without middlemen
> > to tax or refuse the transaction (unless you include miners).
> >
> > Also, the anonymity, satoshis original vision seemed to be for all
> > transactions to be to new public keys/addresses, via the pay to IP
> > address feature. However since this was insecure and had no
> > authentication, people ended up turning to address-reuse, which
> > seriously affects their privacy. We should focus on something that
> > addresses these issues, deterministic wallets can help massively
> > with protecting against address reuse and against losing keys.
> >
> > Also prepare yourselves, a bubble is coming.
> >
> http://www.reddit.com/r/worldnews/comments/1pgr6p/man_buys_27_of_bitcoin_forgets_about_them_finds/
> >
> > Thanks Bob
> >
> > On 29 October 2013 19:10, Amir Taaki <genjix@???
> > <mailto:genjix@riseup.net>> wrote:
> >
> > What are the most important values for you all about Bitcoin?
> >
> > On 29/10/13 20:08, jindq1 wrote:
> >> Boom! Rationality is kind of scarce in bitcoin-land though. It's
> >> easier to just blame everything on bankers.
> >
> >
> >> On Tue, Oct 29, 2013 at 7:05 PM, Benjamin Cordes
> >> <benjamin.l.cordes@???
> >> <mailto:benjamin.l.cordes@gmail.com>
> > <mailto:benjamin.l.cordes@gmail.com
> > <mailto:benjamin.l.cordes@gmail.com>>>
> >> wrote:
> >
> >> No need to troll here. If you have experience using Bitcoin,
> >> which I assume you do if you float opinions, you pay a fee. First
> >> of all there is a tiny mining fee, which goes to professional
> >> miners. You can call them names the whole day, but they support
> >> the network. Then you have another fee which goes to exchanges.
> >> It is around 0.50% in the best case. Instead of paying 0.50% to a
> >> corporation located in Japan you could pay the same fee to a
> >> public source, which has a lock-in to support the network. So,
> >> sure, Bitcoin is very free in your mind, but if there is also
> >> this thing called reality. It's very interesting to me, that some
> >> who say Bitcoin is perfect are very quick to defend the same kind
> >> of structures they so decry. Rational thought requires weighing
> >> arguments.
> >
> >
> >> On Tue, Oct 29, 2013 at 7:56 PM, Mike Gogulski
> >> <mike@???
> > <mailto:mike@gogulski.com>
> >> <mailto:mike@gogulski.com <mailto:mike@gogulski.com>>> wrote:
> >
> >> On 10/29/2013 01:46 PM, aimee@???
> > <mailto:aimee@aimeemaree.com>
> >> <mailto:aimee@aimeemaree.com <mailto:aimee@aimeemaree.com>>
> >> wrote:
> >>> I declare that I have paid Amir 500bitcoins which equates to
> >> 1500AU
> >>> and he declares on his tax that he was paid 500 bitcoins which
> >>> equates to 2000pound...
> >
> >> Or he doesn't declare "his" tax, and you don't declare your
> >> payment, and the bastards Amir mentioned toward whom all money
> >> flows get nothing.
> >
> >
> >> _______________________________________________ unSYSTEM mailing
> >> list: http://unsystem.net
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> >
> >
> >
> >> _______________________________________________ unSYSTEM mailing
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> >
> >
> >
> >> _______________________________________________ unSYSTEM mailing
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> >
> >
> > _______________________________________________ unSYSTEM mailing
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> >
> >
> >
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>
> - --
> Abolish the NSA
>
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