I think he means Wei Dao and Adam Back.

ERC20 tokens as Ethereum backed "banks" in that case. But what he meant was probably much closer to pegged side chains.

Where did I say it will kill banks? You're quoting definitions like an 8 year old thinking it will win arguments. Am I talking to another unemployed google warrior? No wonder nobody posts anymore.

I suggest you go outside and away from your books and theories and look at the way our capitalist society actually functions in real life.

Selgin is relevant. He gives an account of a great thought experiment of a theoretical land Ruritania that starts from pure barter to the arrival of commodity money and moves to a higher level clearance setting (ie like the imf):

https://medium.com/@rextar4444/draft...g-60ed1d44e2be

Every basic role of banks is in that writing. In a sense alt coins are banks because they issue their own money, but the value of the money is based on the product and their purpose isn't necessarily to store or lend. But I like the question.

Central banks play a different role. They monitor the money supply for their respective economy and tend to the relationship between the supply and the underlying economy growth or contraction. It is often argued they do a counterproductive job in one school of thought whereas the other school of thought is that they are quite necessary and useful for a state.

So we often naturally refer to central banks as "banks" but their role is different than a more private type bank. They are both important.

The resolution is that we want central banks to someday print money which has an exchange price one par with all other national currencies ironically a situation akin to every nation using bitcoin as their national currency: https://medium.com/@rextar4444/a-bit...l-2e1378e77849

Plz let nooseknot go back to explaining the awesome world of decentralized poker in NVG or at least dont quote his posts for poor people who put him on ignore.

You also aren't using this word correctly. We are far from capitalist by the meaningful use of the word. And I should think that citing standard accepted definition is standard otherwise we are just using our own definition and making sloppy points.

Touting textbook economics is like practicing idealism in a vacuum

You have misunderstood something. An ignorant poster, who doesn't know what they are talking about, said bitcoin is going to down banks, and a few of us put up citations by the founders and builders of the project showing otherwise.

We aren't trying to convince YOU. We are showing any reasonable and rational person reading...what is correct in this regard.

No one is touting textbook economics. Reasonable people don't like to take ignorant peoples words for things, especially complex subjects, they like to hear from well read persons who can cite, quote, and reference, so that those that don't have time to research can wade through the disinformation. Because disinformation is very easy to create so there is a lot of it.

Read some of those posts. ****ing hilarious. I want to call him bat**** crazy but that might upset the poor guy . I'll leave the crazy unemployed google warrior to his own theoretical fantasy world.

Wei Dai and Adam Back are seldom referenced as Satoshi candidates. Dai designed B-money and Back Hash Cash both of which are referenced on the whitepaper. Bitcoin is hash cash with inflation control.

Finney and Nash are the other candidates you will often here. Many think it was Szabo and Finney or Szabo Finney and Nash.

BTC future looking really bright atm. Mempool is empty, we have reliable and cheap transactions and lightning network is growing each day. Lots of other development going on such as MAST, merkle trees, mimble wimble and many others. A lot of alt coins seem super over-valued still and I think many will fail or at least fall in value. Would advise caution going balls deep in alt coins unless you've researched them and think the tech is really good.

Would advise bcash supporters to really rethink their position going forward.

Can you provide any evidence that 5% of transactions are not speculation?

So the clearest utility of bitcoin is buying stuff on the dark web and if you take a peek at that article I reposted recently upthread, AlphaBay did an estimated 450 million in transactions over 3 years through 2017 following Silk Road's closure when it became the top player.

450 million seems pretty tiny relevant to $8000/coin and the crypto market cap, or nah?

I made this post in about the forums, appreciate any feedback and suggestions: https://forumserver.twoplustwo.com/5.../#post53451411

To anyone that uses binance, anyone know how to fix the issue where when you click on log in, the page keeps refreshing over and over? Basically cannot log into binance at all now. I use chrome and also clicked on remove history etc. Same issue.

Unrelated, but the guy who owns this forum just made a thread in politics about how much he loves Donald Trump.

I have no evidence, just a guess. I know I’ve used bitcoin to transact for legal purposes and I really doubt I’m unique in that regard. I’m counting BTC - ****coin conversions within the “speculation” category of transactions, btw.

I’m not smart enough say what 450m means relative to the market as a whole or the value of any cryptocurrency. All I’m saying is that there are plenty of people out there who are using this technology for legitimate purposes. Many of these people are very smart, very wealthy, or both, and are the exact types of people who you would expect to usher in groundbreaking technology. the fact that the # of these people currently using the tech this way is small is insignificant in my opinion. The general public will always be slow and dumb and more focused on making a quick buck.

That being said, it doesn’t mean a btc is worth 9000 or whatever. It can still
Be way overvalued.

Serious question. Why did you post this in a bitcoin thread?

Yeah no need to politard the thread up

link?

Pressing F5 was enough usually unless I misunderstand.

Did you double check you are not a phishing site? And did you know that you are supposed to use ur own shortcut links?

i cleared cookies and log ins to fix this. seems to happen when you are logged in for a while and need to sign in again

Sent from my SM-G920F using Tapatalk

LOL @ U. Up 25% since 3 months ago, 8x since 1 year, and one little mania bubble thinks you got validated.

Investment Advice: Bitcoin could go up by 10x or more in a year or down 90% or more in 3 months. If you want to claim it's a bubble, make that call at a specific price, instead of watching it grow 20x that price, then down to still 5x the price you called bubble. If you do that, you may look really dumb.

Adam is definitely in the short list of a lot of people looking for candidates. The circle that would have the knowledge to do this is pretty small, so people are looking at the usual suspects as having some involvement.

Personally, I don't think he is Satoshi, although it is possible he knows more than he leads on about who it might be, or may have collaborated in some ways. I don't think it's Szabo as well. Best guess is it's someone unknown who followed that circle and had a bit of help from the usual suspects along the way. It's also better that no one knows who he is, so I typically don't speculate much on it.

Then again, we are all Satoshi, except Craig Wright.

That trolly mctrollson post is so hilariously bad

I think for the most part the bear patrol is jealous ppl who missed the train trying to comfort themselves. Same people who have been sitting in cash since 2012 bc the top is in ldo (they were out in full force on Monday too)

Just to be clear I haven’t owned any btc since mid December so don’t care what happens to it from a financial perspective

Really happy to see this price recovery. Was talking to a police officer here yesterday who said that last month was the highest amount of suicides here for a month since they ever started tracking the stat. And not by just a little, smashed the record to bits.

I have no doubt that the combo of BTC plunge + pot stock plunge + winter blues did it. Was a perfect storm.