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Comment Re:Look at past innovations (Score 1) 269

Where exactly is security?

I am very careful with my credit cards and have been a victim of credit card fraud twice before and never had any issues with losing bitcoins. If my cell phone gets stolen they cannot spend my bitcoins because of a 6 digit pin, If there is a buffer overflow , or I lose/damage my cell phone I can easily recover my bitcoins with just 12 words. With bitcoin "reversability" is trivial to program in and used with either multisig escrow, or ricardian contracts... I use these all the time. There are multiple ways Bitcoin is more secure against credit cards:

1) CC are fundamentally broken by design because you need to give over all your personal information in order to make a payment that gets handed off to multiple insecure third parties and stored where hackers/unscrupulous employees can steal at a later date.

2) Because Bitcoin has no built in KYC , users personal details aren't necessarily included in a tx reducing the risk of identity theft

3) CC merchants can "accidentally" make unauthorized future charges , where with bitcoin this is impossible.

4) States can more easily freeze your account, or steal your wealth through inflation, bail ins with credit cards and fiat stored in local banks. Collecting and enforcing taxes(theft) to fund the murder and torture of humans is also easier with credit cards

5) With bitcoin their are clever ways of dramatically increasing security with hardware wallets, mutisi or Shamir's secret sharing, or using CLTV to secure assets. Nonprofits/Corps could set up an account where is impossible for fraud or embezzlement to happen without the board voting and approving on any tx's

6) With bitcoin there are clever ways of dramatically increasing security with hardware wallets, mutisi or Shamir's secret sharing, or using CLTV to secure assets. Nonprofits/Corps could set up an account where is impossible for fraud or embezzlement to happen without the board voting and approving on any tx's

7) Legal Businesses can be destroyed by state pressure shutting down their account and cards. Research into Operation Choke-point.

I understand that you believe that all you have to do is ask for a chargeback or pay the 50 dollar deductible to cover fraud with credit cards but this is false. Theft and fraud with credit cards is pervasive(far more than with bitcoin) and all users pay for it indirectly with merchant processing fees, and other fees.

Comment Re:Boat still hasn't left port (Score 1) 269

they stop buying things. They want to wait until the last possible minute, until they absolutely need an item, to buy it because the longer they wait (the longer they hold onto their bitcoins), the less it will cost.

I understand this is what your intuition tells you, but the data reflects the exact opposite. During periods of rapid deflation (appreciation due to adoption) in bitcoin charitable donations and spending on good and services actually spikes up from the data coming from btc payment processors. They speculate this is because of the "wealth effect" where people are more comfortable spending and donating because they feel wealthier(as they are).

If someone can come up with a cryptocurrency which is independent of central control, yet its supply increases at roughly the same rate the economy expands, that is the boat you want to get on. It just won't be as lucrative for early adopters as bitcoin because it won't be a ponzi scheme.

Those alt crypto tokens you propose already exist and "compete" with bitcoin. Bitcoins dis-inflationary model thus far is superior.... time will tell I suppose. Please look up the definition of a ponzi scheme also as it doesn't apply to Bitcoin.

Comment Re:Go back in time (Score 2) 269

It now costs more energy to mine a coin than a coin is worth.

This is absurd, mining difficulty is self adjusting, and the miners definitely are making small profits otherwise they wouldn't be doing it. Sure mining is professional these days so you must be very competitive to be profitable and thus the average user is better off just buying some bitcoins instead.

Comment Re:Look at past innovations (Score 1) 269

Paying and tipping online with Bitcoin is far quicker, more secure , and easier than using credit cards. To make a payment with a credit card You have to type a 16 digit account number, exp date , CVV number, name , full address and than you get the wonderful experience of opening yourself up to either identity theft or future credit card fraud. With bitcoin I scan a QR code, click send , enter in 6 digit pin(optional) and done... or click on payment link, click send , and enter in password for wallet on computer. Tipping is even easier as you can simply write some shortcode and tip anyone on any social media platform , I.E>> "+ChangeTip, send $2!" and they don't even have to know about bitcoin to receive it.

Comment Re:They'll come to their senses (Score 1) 256

Pruned or SPV wallets don't require the user to store the entire block-chain and are much more secure than a bitcoin bank. Additionally, Fraud proofs are coming out soon for SPV clients that will make them almost as secure as a full node with the introduction of segwit being softforked.(Its currently in the testnet ) Thus your comment is completely fallacious.

Comment Re:Hardly surprising (Score 1) 256

Yes, you are quite correct in my ideological motivations being a principle motivation for using bitcoin. You are also correct in the fact that I prefer to illicitly avoid paying for the murder and torture of millions of innocent people and prefer to avoid assisting banks steal from their clients. I am not ashamed of these idealogical motivations and plan on continue using bitcoin for regulatory arbitrage... and it lets me buy anything off of amazon for 20-30% cheaper.

Comment Re:Well, duh... (Score 1) 256

There are already decentralized payment channels(LN) and tree chain proposals that allow bitcoin to scale to Visa TX levels without the need of a central authority. Bitcoin will be wildly successful if it simply facilitates 1% of blackmarket trade so it isn't going anywhere.

Comment Re:Is it right, though? (Score 1) 388

my ideas will involve you paying taxes you don't want and your ideas will mean removing some protections and services I want.

I am perfectly fine you choosing to opt in with a social contract under state control and with taxes and coercion as a means of paying for your protections and services. I do not want to remove your choice or services, but merely have those that want to live under such system continue to do so.

The idea that individual communities live under different laws is going to have problems. Companies will want to move their polluting industries to communities with lax pollution laws, or someone who breaks the law in my community is going to go to yours, where that act is illegal. There's problems with differences in state laws (not to mention the differences in Federal laws in different circuits), and on a community level that's going to break down hard.

There are solutions for your concerns but it involves a long conversation outside this thread. I am under no allusion that the change is easy or will happen quickly. I am under no allusion that such a scenario social structures are perfect either . There are a lot of assumptions people have with the way things can work that you begin to realize never were true once you actually live under such communities.

Comment Re:Liberty Minded (Score 1) 388

Yes , there is no disagreement. Cities with high population densities would need to be designed radically different (without perverse and unethical incentive structures). I am under no allusion this will happen quickly and probably not within my lifetime.

Comment Re:Liberty Minded (Score 1) 388

Thanks for your kind words and yes, I understand that many people aren't exactly happy with the status quo . Unfortunately, voting will not change much of anything. A larger problem is with inflationary monetary policy where the world ends up paying for the military industrial complex because the USD is a reserve currency. This is why many of us are agorists and try to use tools like bitcoin and bartering to starve the beast. Like Noam Chomsky discusses, we are all responsible for the crimes of the state to one degree or another so I am not attempting to chastise you directly. We must be cognizant of these realities and take active steps to reduce this corruption. There is no end Utopian end game to our struggle either, this is something we always must work upon.

Comment Re:Liberty Minded (Score 1) 388

I am not describing Utopian hypotheticals, but real communities I currently live in or have visited in the past. Your statement is largely true for anarcho-communist communities , but not so for many others. You would be surprised how important social ostracism is within small communities. For Example - I have about 8 examples of communities of 10 to 150 homes where participation rate for voluntary road fees is between 67-100% and the remaining who don't pay usually do some manual labor to assist. There will always be those that are selfish and not contribute , but there penalty comes from lack of solidarity with the rest of the community. You have to consider the efficiency differences between the overhead of a coercive system vs a voluntary one that has a few non contributors. Additionally, there are ethical advantages to such a society, if that matters to you.

Comment Re:Excellent (Score 1) 388

You bring up a fair concern but there really isn't good evidence to support this because we cannot compare old tribal societies to modern ones and we would need to compare localized communities to larger cities under more controlled scenarios (the chaos the ensues after a failed state is not a fair representation of an opt in intentional anarchist community. This would be a very important study to have for mankind, unfortunately most states make it difficult for these communities to safely arise but times are changing slowly.

Comment Re:Excellent (Score 1) 388

Without getting into specifics of the breakup of the Ottoman Empire, as I am sure you are asking the question in a more general sense. The best way to insure security among different communities or small city states is for all of them to become codependent economically upon each other and have heavy trade. Additionally, travel should be encouraged between communities for greater cultural empathy between communities. Since Dunbar's number is around ~150 heavy trade would naturally be necessary and most individuals would likely date and marry outside their community.

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