The Zen White Paper https://www.scribd.com/document/347946086/Zen-White-Paper Currently as Bitcoin argues aspects of self-accumulation and distribution (the exact same issues fiat currencies face), other competitors have emerged. Many have began to realize the supply of internet money is endless and any project designed to capture more ground in the fight for digital self-determination is a righteous one. With the hybridization of cooperative blockchain projects and digital mints it is possible to build completely autonomous economic systems. In the near future these independent blockchain systems will become interoperable resulting in the overall decline of traditional economic systems and non-cooperative blockchain systems (such as Bitcoin). The ultimate success of these systems directly relies on the mutual usage and transfer of the token. Join us as we deprecate the economic institutions of today for a better tomorrow.
On 05/10/2017 09:43 AM, Joshua wrote:
is possible to build completely autonomous economic systems
That will be used to do the exactly same things already existing currency does. So, as I always suggest. everyone's simply gambling on crypto-currency's value. Imho the kind of people who'd be involved in such ventures are cut from the same block of scum as 'high-frequency traders' and other psychopaths that made so-called 'fiat currency' values a shambles. And they'll do it to crypto-currency too. Greed is it's own kind of reward, hell. Rr
The only real gamble is estimating regulation. The rest can be routed around through markets, diversify, distributed. Regulation in most sane places comes with public notice. Even therein, or even as a game, there is money to be had. Players know this, and their chips are often leisure money. But it is money... $53B of it in the top100 market cap. That will not sit quietly when faced with a $0'ing regulation proposition. Whatever you believe, and whether or not you're in, the history to date makes people seem a bit foolish to *not* redirect their next pointless discretionary purchase worth into it... cable tv, pizza, beer, cigs, weed, high brand products, whatever crap. Worst case it's another pointless buy down the drain. Best case... moon, adoption even.
Here's a fine series of articles outlining regulation to be routed around... https://news.bitcoin.com/regulations-chinese-bitcoin-exchanges-expected-june...
Excellent! Get ready to see a flood of Bitcoin emerging in physical form. Personally I really like what these folks are doing: https://opendime.com/ Sent from [ProtonMail](https://protonmail.ch), encrypted email based in Switzerland. -------- Original Message -------- Subject: Re: The Zen White Paper Local Time: May 11, 2017 5:07 AM UTC Time: May 11, 2017 9:07 AM From: grarpamp@gmail.com To: cypherpunks@lists.cpunks.org Here's a fine series of articles outlining regulation to be routed around... https://news.bitcoin.com/regulations-chinese-bitcoin-exchanges-expected-june...
On Thu, May 11, 2017 at 11:50 AM, Joshua
Excellent! Get ready to see a flood of Bitcoin emerging in physical form.
If the internet is up, so will be the overlay darknets, wifi, and wiring closets. Thus VC's will be movable among peers, mining routes will exist, etc.
Personally I really like what these folks are doing: https://opendime.com/
They're cool. But... seems to be of actual use you need a CPU+USB+OS and internet with current blockchain to verify them, as visual tampers are easily faked, and people go blind at surface mount. And they cost $10 times however many you hold / give. When $100 will already buy said CPU+USB+OS+internet, and piles of utxo keys. More work needs done before VC's can run over sneakernet.
Government regulation of cryptocurrencies (and Bitcoin in particular) will
have a similar result to regulatory capture.
A major missing element to thwart this is a well-conceived, widely adopted,
and open technology that offers trust without government. I propose
Open-Transactions.
The other missing leg to the cryptocurrency chair are independently issued
but verifiable and trusted fiat tokens. Once widely adopted exchangers need
not have bank accounts nor operate as licensed corporations.
Warrant Canary creator
On May 11, 2017 1:30 AM, "grarpamp"
The only real gamble is estimating regulation. The rest can be routed around through markets, diversify, distributed. Regulation in most sane places comes with public notice. Even therein, or even as a game, there is money to be had. Players know this, and their chips are often leisure money. But it is money... $53B of it in the top100 market cap. That will not sit quietly when faced with a $0'ing regulation proposition.
Whatever you believe, and whether or not you're in, the history to date makes people seem a bit foolish to *not* redirect their next pointless discretionary purchase worth into it... cable tv, pizza, beer, cigs, weed, high brand products, whatever crap. Worst case it's another pointless buy down the drain. Best case... moon, adoption even.
True, capitalists are quite interested in the great accumulation of this wealth rather than using it as a stateless method to exchange value.
The best solution is to this is to fork this project, fork other projects like it too. Retake control of global purchasing power while you're at it. Build many more like it and give the capitalists a run for their money. They are a resource.
-------- Original Message --------
Subject: Re: The Zen White Paper
Local Time: May 10, 2017 2:42 PM
UTC Time: May 10, 2017 6:42 PM
From: juan.g71@gmail.com
To: cypherpunks@lists.cpunks.org
Joshua
Many have began to realize the supply of internet money is endless
yeah, that's the basic 'principle' of all scammers. The suply of money is endless. And pigs fly.
participants (5)
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Steven Schear