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Luís F. Simões

Bitcoin P2P Currency: The Most Dangerous Project We've Ever Seen - 10 views

launch.is/...dangerous-project-weve-ev.html

bitcoin p2p money disruptive

shared by Luís F. Simões on 16 May 11 - No Cached
LeopoldS liked it
  • After month of research and discovery, we’ve learned the following:1. Bitcoin is a technologically sound project.2. Bitcoin is unstoppable without end-user prosecution.3. Bitcoin is the most dangerous open-source project ever created.4. Bitcoin may be the most dangerous technological project since the internet itself.5. Bitcoin is a political statement by technotarians (technological libertarians).*6. Bitcoins will change the world unless governments ban them with harsh penalties.
  • The benefits of a currency like this:a) Your coins can’t be frozen (like a Paypal account can be)b) Your coins can’t be trackedc) Your coins can’t be taxedd) Transaction costs are extremely low (sorry credit card companies)
  • An individual with the name -- or perhaps handle -- of Satoshi Nakamoto first wrote about bitcoins in a paper called Bitcoin: A Peer-to-Peer Electronic Cash System.
  • ...1 more annotation...
  • * We made this term up to describe the “good people” of the internet who believe in the fundamental rights of individuals to be free, have free speech, fight hypocrisy and stand behind logic, technology and science over religion, political structure and tradition. These are the people who build and support things like Wikileaks, Anonymous, Linux and Wikipedia. They think that people can, and should, govern themselves. They are against external forms of control such as DRM, laws that are bought and sold by lobbyists, and religions like Scientology. They include splinter groups that enforce these ideals in the form of hacktivism, such as the takedown of the Sony Playstation Network after Sony tried to prosecute a hacker for unlocking its console.
  • Ma Ru on 17 May 11
     
    Sounds good!
  • ...9 more comments...
  • pacome delva on 18 May 11
     
    wow it's frigthening! it's the dream of every anarchist, every drug, arm, human dealer! the world made as a global fiscal paradise... the idea is clever however it will not replace real money because 1 - no one will build a fortune on bitcoin if a technological breakthrough can ruin them 2 - government never allowed parallel money to flourish on their territory, so it will be almost impossible to change bitcoin against euros or dollars
  • Nicholas Lan on 18 May 11
     
    interesting stuff anyone read cryptonomicon by neal stephenson? similar theme.
  • Luís F. Simões on 18 May 11
     
    :) yes. One of the comments on reddit was precisely drawing the parallels with Neal Stephenson's Snowcrash / Diamond Age / Cryptonomicon. Interesting stuff indeed. It has a lot of potential for misuse, but also opens up new possibilities. We've discussed recently how emerging technologies will drive social change. Whether it's the likes of NSA / CIA who will benefit the most from the Twitters, Facebooks and so on, by gaining greater power for control, or whether individuals are being empowered to at least an identical degree. We saw last year VISA / PayPal censoring WikiLeaks... Well, here's a way for any individual to support such an organization, in a fully anonymous and uncontrollable way...
  • tvinko on 18 May 11
     
    One of my colleagues has made a nice, short write-up about BitCoin: http://www.pds.ewi.tudelft.nl/~victor/bitcoin.html
  • LeopoldS on 18 May 11
     
    very nice analysis indeed - thanks Tamas for sharing it!
  • pacome delva on 20 May 11
     
    mmm I'm not an expert but it seemed to me that, even if these criticisms are true, there is one fundamental difference between the money you exchange on internet via your bank, and bitcoins. The first one is virtual money and the second one aims at being real, physical, money, even if digital, in the same way as banknotes, coins, or gold.
  • nikolas smyrlakis on 20 May 11
     
    An algorithm wanna-be central bank issuing untraceable tax free money between internet users? not more likely than the end of the world supposed to take place tomorrow, in my opinion. Algorithms don't usually assault women though !:P
  • LeopoldS on 21 May 11
     
    well, most money is anyway just virtual and only based on expectations and trust ... (see e.g. http://en.wikipedia.org/wiki/Money_supply) and thus if people trust that this "money" has some value in the sense that they can get something of value to them in exchange, then not much more is needed it seems to me ...
  • pacome delva on 23 May 11
     
    @Leopold: ok let's use the rigth words then. Bitcoin aim at being a currency ("physical objects generally accepted as a medium of exchange" from wikipedia), different than the "demand deposit". In the article proposed by Tamas he compares what cannot be compared (currencies, demand deposits and their mean of exchange). The interesting question is wether one can create a digital currency which is too difficult to counterfeit. As far as I know, there is no existing digital currency except this bitcoins (and maybe the currencies from games as second life and others, but which are of limited use in real world).
  • nikolas smyrlakis on 23 May 11
     
    well of course money is trust, and even more loans and credit and even more stock and bond markets. It all represents trust and expectations. However since the first banks 500 years ago and the first loans etc. etc., and as well the fact that bonds and currencies bring down whole countries (Greece lately), and are mainly controlled by large financial centres and (central) banks, banks have always been on the winning side no matter what and that isn't going to change easily. So if you are talking about these new currencies it would be a new era, not just a new currency. So should Greece convert its debt to bitcoins ;P ?
  • pacome delva on 23 May 11
     
    well, from 1936 to 1993 the central bank of france was owned by the state and was supposed to serve the general interest...
Luís F. Simões

The great chain of being sure about things | The Economist - 2 views

www.economist.com/...st-each-other-build-dependable

blockchain p2p bitcoin cryptocurrency INF disruptive innovation

shared by Luís F. Simões on 06 Nov 15 - No Cached
  • The technology behind bitcoin lets people who do not know or trust each other build a dependable ledger. This has implications far beyond the cryptocurrency
  • Ledgers that no longer need to be maintained by a company—or a government—may in time spur new changes in how companies and governments work, in what is expected of them and in what can be done without them. A realisation that systems without centralised record-keeping can be just as trustworthy as those that have them may bring radical change.
  • Luís F. Simões on 06 Nov 15
     
    The blockchain technology behind bitcoin has been gaining traction. This article makes a good job of describing it, and the different (not-bitcoin) ways in which it's being adopted. Worth reading, even if only for the funny bit about self-driving self-owning cars who pay themselves for fuel, parking and repairs.
Beniamino Abis

Structure and Anonymity of the Bitcoin Transaction Graph - 1 views

www.mdpi.com/237

shared by Beniamino Abis on 26 Sep 13 - No Cached
  • Beniamino Abis on 26 Sep 13
     
    Bitcoin utilizes a peer-to-peer network to issue anonymous payment transactions between different users. Dynamical effects have been found, of which some increase anonymity while others decrease it. Most importantly, several parameters of the Bitcoin transaction graph seem to have become stationary over the last 12-18 months. The implications are discussed.
Daniel Hennes

Bitcoins in Space - 0 views

spectrum.ieee.org/...bitcoins-in-space

shared by Daniel Hennes on 10 Dec 13 - No Cached
LeopoldS liked it
  • Daniel Hennes on 10 Dec 13
     
    Jeff Garzik wants to make satellites part of the Bitcoin network to help secure the currency against attacks.
  • LeopoldS on 12 Dec 13
     
    remember the discussion we had about space being used as a safe network for this type of stuff ....?
Nicholas Lan

http://arstechnica.com/business/2013/01/bitcoin-based-casino-rakes-in-over-500000-profi... - 2 views

i seem to remember a discussion on here about bitcoin a while ago. seemingly there's a certain degree of confidence in using it

technology

started by Nicholas Lan on 23 Jan 13 no follow-up yet
LeopoldS

The Face Behind Bitcoin - Newsweek - 1 views

mag.newsweek.com/...bitcoin-satoshi-nakamoto.html

shared by LeopoldS on 06 Mar 14 - No Cached
  • LeopoldS on 06 Mar 14
     
    nice chap
Athanasia Nikolaou

How the NSA Identified Satoshi Nakamoto - Slashdot - 1 views

tech.slashdot.org/...sa-identified-satoshi-nakamoto

data

shared by Athanasia Nikolaou on 29 Aug 17 - No Cached
  • Athanasia Nikolaou on 29 Aug 17
     
    The source is anonymous
  • jcunha on 02 Sep 17
LeopoldS

ConnectX | Private Digital Currency Network - 1 views

connectx.com

bitcoins

shared by LeopoldS on 13 May 18 - No Cached
  • LeopoldS on 13 May 18
     
    credible?
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