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Couple of points in response: Why would it disappear tomorrow -- it wont. Ill always run a full node. Many like me. This makes it valuable. Censorship resistan

by g45y45 8y ago

Couple of points in response: Why would it disappear tomorrow -- it wont. Ill always run a full node. Many like me. This makes it valuable. Censorship resistance is not a marketing spin. Its absolutely true about bitcoin! There is no central controller, no government, how can anyone stop a valid private key holder from submitting a valid signature? Sure, we could block 8333/tcp on the great firewall, but thats why we have Satellites now!! As long as you have a communication channel that can reach the Bitcoin p2p network, it cannot die. The 'censorship resistance is marketing' attitude is spoken like a true first worlder. There are many places on this Earth where censorship resistant money is critical. There are many groups that cannot interact with the global banking system due to sanctions. Look around outside the US! and we havent even spoken about how destructive the centralization of banking has become: https://blog.bitmex.com/thetimes/ https://blog.bitmex.com/thetimes/ This blog post explains very clearly how the monetary base of our economy is inflated every day due to lack of diversity in banking.

acdha 8y ago
> Why would it disappear tomorrow -- it wont. Ill always run a full node. Many like me. This makes it valuable. My point was that nobody has a non-ideological reason to use it and there are many alternatives which are cheaper, faster, and safer to use. Saying it's already taken off is hard to justify when there's no particular pull other than speculation. As for “censorship resistance”, you might want to read more about what life is like in a repressive country before giving people dangerous advice. Bitcoin requires you to be on an active network, making your traffic easily visible and the design requires you to leave a permanent public record of every transaction you've ever made — which is great if you're the secret police but not anyone else. Satellite internet connections are expensive, slow, and trackable as soon as they care to make an effort. More importantly, start thinking bout what using it would be like: you need to get a client, hope that it's not compromised or flawed; find someone willing to convert money for you, hoping that they're not working for the police; find someone to buy/sell with, hoping that they're not working for the police; and hope that your devices are never searched. If you ever get any of that wrong, you've left a trail showing that you're interested in hiding something from the authorities — better hope that you can subsequently convince them that you're not hiding something even deeper than what they find…

by g45y45 8y ago

acdha 8y ago

> Why would it disappear tomorrow -- it wont. Ill always run a full node. Many like me. This makes it valuable. My point was that nobody has a non-ideological reason to use it and there are many alternatives which are cheaper, faster, and safer to use. Saying it's already taken off is hard to justify when there's no particular pull other than speculation. As for “censorship resistance”, you might want to read more about what life is like in a repressive country before giving people dangerous advice. Bitcoin requires you to be on an active network, making your traffic easily visible and the design requires you to leave a permanent public record of every transaction you've ever made — which is great if you're the secret police but not anyone else. Satellite internet connections are expensive, slow, and trackable as soon as they care to make an effort. More importantly, start thinking bout what using it would be like: you need to get a client, hope that it's not compromised or flawed; find someone willing to convert money for you, hoping that they're not working for the police; find someone to buy/sell with, hoping that they're not working for the police; and hope that your devices are never searched. If you ever get any of that wrong, you've left a trail showing that you're interested in hiding something from the authorities — better hope that you can subsequently convince them that you're not hiding something even deeper than what they find…