>Fiat money isn't a pyramid scheme. You don't buy in on the assumption of future market growth that will drive up the value of what you have. You expect your fiat to become worth less, not more, over time.
Wow, so if bitcoin is or isn't pyramid scheme depends on your assumption when you buy it? That's a new one. Than i guess I'm safe because i bought it to buy goods with it, never expected that price will soar so much.
You usually don't know if the address is known drug site wallet, dark markets usually generate unique address for each transaction.
Even if you do know it, you can't know if the user bought something illegal, there is also legal stuff sold on dark markets.
Keeping everyone legal interests in mind means that you don't give personal data to police or anyone else without proper warrant.
"A person in the US who, for example, wants to watch all but the latest season of Game of Thrones"
This is simply not true. In my experience, only the most mainstream content is available legally on portals like itunes or netflix. If you want to watch something more rare (art film, old foreign film, film with subtitles in different language) you can try to buy very expensive DVD+shipping and wait few weeks for it to arrive or you have to use illegal sources.
> A computer on the other hand does have access control. The default response then becomes "wow the authorised user of this computer set the background image to 2 gay men kissing".
I wonder what is so bad about two men kissing? Would man and woman kissing spur same reaction? Or are there any anti-homosexual propaganda laws in USA similar to Russia?
It's even worse, copyright is regulated by international treaties[1]. Every time someone comes up with an idea to reform copyright, shorten the terms etc. it's immediately shot down by the argument that we are bound by those agreegments and cannot change anything ourselves.
>and if you take away the ability for people to monetize media
He is talking about figuring out another way for creators to monetize their media without artificial restrictions on sharing/copying. He doesn't want to take away money from creators, just the copyright. And i couldn't agree more with this idea.
>"On devices running iOS 8, your personal data such as photos, messages (including attachments), email, contacts, call history, iTunes content, notes, and reminders is placed under the protection of your passcode. Unlike our competitors, Apple cannot bypass your passcode and therefore cannot access this data"
Too bad they (and other phone manufacturers) don't protect phone calls with some kind of end-to-end encryption.
>But if you have a billion dollars of gold in your basement, you should be very, very paranoid.
If i had so many bitcoins as Satoshi Nakamoto i would certainly not store them in my basement. I'd split my private key using n:m scheme and store them in secure deposit boxes in banks.
>DNS is useful because it is authoritative. What would happen if two parts of this 'distributed' ICANN disagreed on something? Different parts of the internet would see a completely different state (e.g. who owns gov.uk?), Thus rendering DNS effectively useless.
This problem can be solved in distributed system using bitcoin-like proof of work scheme. If two parts of the network disagree, the bigger part is considered right. Namecoin project is trying to implement distributed DNS using this technique - http://namecoin.info/ .
>I've been thinking a lot the past few weeks about the preservation of art and goods in general.
I've been thinking about this myself. What i found out is that current copyright law is terrible for preservation of our culture because it makes attempts to archive, share, backup or digitalize abandoned games, music or movies illegal before their copyright expires, at which time, most of them would be probably lost foreever.
The law students worked on this for months for free and the paten troll got away without any fee. I don't see what's so brilliant about it. Looks like shity system to me.
>Bitcoin was released in staunch opposition to the banking system.
No, i think that quote makes it clear that bitcoin was released in staunch opposition to centralized currency, where some authority (central bank) can issue new units of currency at will and devalue the currency for everyone.
If i understand it correctly there is no open source baseband available because of various patented technologies and it is imposible to create one. But why not treat the baseband as part of insecure transit network? I'd like to see phone where voice data and text messages would be securely encrypted before sending to baseband chip and securely decrypted on the other side. I think there would be great demand for such device but i don't see any in existence. Am i missing something?
Wow, so if bitcoin is or isn't pyramid scheme depends on your assumption when you buy it? That's a new one. Than i guess I'm safe because i bought it to buy goods with it, never expected that price will soar so much.