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From: "NxtChg" <nxtchg@hush.com>
To: "Eric Voskuil" <eric@voskuil.org>,
	"Peter Todd" <pete@petertodd.org>,
	"Matt Corallo" <lf-lists@mattcorallo.com>
Cc: Bitcoin development mailing list
	<bitcoin-dev@lists.linuxfoundation.org>,
	Libbitcoin <libbitcoin@lists.dyne.org>
Subject: Re: [bitcoin-dev] Scaling Bitcoin conference micro-report
Date: Sat, 19 Sep 2015 10:27:14 +0300	[thread overview]
Message-ID: <20150919072714.D3349404B9@smtp.hushmail.com> (raw)
In-Reply-To: <55FD0737.1080008@voskuil.org>


>The state is the threat in the Bitcoin threat model. You comments below
>acknowledge it. The assumption of hostile state actors is the only
>rational starting point. That which is regulated (and regulatable) 
>in Bitcoin is the attack surface.

I think, you just proved my point. If your goal is to shrink the attack surface as much as possible,
you are better off being a marginalized alt-coin.


>This threat represents the difference between Bitcoin and Fedcoin.

_This_ is the false dichotomy. There's a range of coins between DarkCoin and FedCoin.


>This is extremely naive. At a minimum, getting popular/successful (and regulated) is the formula for regulatory capture.

Let me give you an example.

Suppose you are a regular guy, say Peter Todd, and you are faced with 10 policemen in anti-riot gear.

You can fight them in two ways:

1. become stronger, so you could provide an adequate response, either by turning into Hulk or by getting another 30-50 Peter Todds.

2. lose some fat, learn a few parkour tricks and move around mostly by night behind dumpsters.

The worst you can fare is just being Peter Todd with a backpack and an expensive camera on his neck, wandering around the city in daylight.


Your vision of Bitcoin is the most vulnerable to government attacks.



  reply	other threads:[~2015-09-19  7:27 UTC|newest]

Thread overview: 46+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2015-09-16 21:32 [bitcoin-dev] Scaling Bitcoin conference micro-report Jeff Garzik
2015-09-16 21:51 ` Matt Corallo
2015-09-18  5:55   ` Mark Friedenbach
2015-09-18 17:10     ` Dave Scotese
2015-09-18 17:28       ` Eric Lombrozo
2015-09-18 20:06     ` Matt Corallo
2015-09-18 22:33       ` Mike Hearn
2015-09-19 16:03         ` cipher anthem
2015-09-19 20:43           ` Mike Hearn
2015-09-19  1:47       ` Peter Todd
2015-09-19  6:06         ` NxtChg
2015-09-19  6:56           ` Eric Voskuil
2015-09-19  7:27             ` NxtChg [this message]
2015-09-19  7:39               ` Eric Voskuil
2015-09-19  7:57                 ` NxtChg
2015-09-19  8:52                   ` Eric Voskuil
2015-09-19 13:32                     ` NxtChg
2015-09-19 20:57                     ` Mike Hearn
2015-09-19 21:53                       ` phm
2015-09-20  1:26                         ` Dave Scotese
2015-09-20  2:18                           ` Milly Bitcoin
2015-09-20  9:18                         ` NxtChg
2015-09-20  9:25                         ` Mike Hearn
2015-09-20 15:43                           ` Mark Friedenbach
2015-09-20 16:21                             ` NxtChg
2015-09-20 16:34                               ` Milly Bitcoin
2015-09-20 20:23                                 ` Steven Pine
2015-09-20 20:54                                   ` Milly Bitcoin
2015-09-20 21:33                                     ` s7r
2015-09-20 21:45                                       ` Eric Lombrozo
2015-09-20 22:02                                         ` Milly Bitcoin
2015-09-20 22:21                                           ` Eric Lombrozo
2015-09-20 22:51                                             ` Milly Bitcoin
2015-09-20 23:11                                               ` Eric Lombrozo
2015-09-21  0:11                                                 ` Dave Scotese
2015-09-21  5:04                                                   ` Corey Haddad
2015-09-21 11:45                                                     ` Milly Bitcoin
2015-09-21  8:48                                         ` NxtChg
2015-09-20 21:10                                   ` NxtChg
2015-09-20 21:13                                     ` Steven Pine
2015-09-20 21:34                                       ` Milly Bitcoin
2015-09-20 21:24                                     ` Milly Bitcoin
2015-09-20 21:16                                   ` Eric Lombrozo
2015-09-21 10:30                             ` Mike Hearn
2015-09-18 22:15     ` [bitcoin-dev] Improving Blocksize Communication Through Markets Paul Sztorc
2015-09-20 11:41     ` Isidor Zeuner

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