On Fri, 29 Dec 2017 11:06:34 +1000 jamesd@echeque.com wrote:
On 12/29/2017 10:13 AM, Steven Schear wrote:
For obvious fraud and thefts, yes. Stashcrypto's multi-sig Voting Pools, if widely adopted, have a good chance to quell some of the illicit activities. However, there are so many ways markets and exchanges can and are manipulated (e.g., "painting the tape") that it will clearly take some time and maturing of exchanges before this can happen.
Bitcoin is obviously broken in so many ways, but is working because of social coordination by a behind the scenes group who simply refuse to allow those breaks to happen.
and what group is that?
This, however, is obviously unsatisfactory. Instead of relying on the obviously corrupt and hostile federal reserve, we are relying on a secretive conspiracy that we have some reason to hope is friendly, but it is still a secretive conspiracy.
you mean blockstream?