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To say that Bitcoin is more or less secure versus say, an instance of Fabric is a bit meaningless because the users have different expectations that the system is built around. RTG Casinos have a certain air of excitement about them that can only be compared to going into an actual land based casino. Throughout this chapter projects like BitNation and the Economic Space Agency are used as examples of projects that are “doing something” – but none of these have gotten much traction likely because it’s doing-something-theater. The fear is that a new set of draconian catchall measures would suck the life out of innovation in this space or drive it offshore or underground. That is one of the reasons why many of the organizations developing “permissioned blockchains” have plans to or already have created separate legal entities to be regulated as some type of FMI. This seems to conflate two separate things: the type of assets that Lehman owned and stated on its books… And recently, Antonopoulos claims to have been simply educating people about “blockchain technology” and not promoting financial products. Both Coin Center and Digital Chamber of Commerce lobby on behalf of their sponsors and donors to prevent certain oversight on the cryptocurrency market.13 An entire book could probably be written about how specific people within coin lobbying organizations have attempted to white wash and spin the narrative around illicit usage, using carefully worded talking points.
On October 31, 2008, whil the world was drowning in the financial crisis, a little-noticed “white paper” was released by somebody using the pen name “Satoshi Nakamoto,” and describing something called “Bitcoin,” an electronic version of cash that didn’t need state backing. For instance, here is a list of 44 Bitcoin forked tokens that arose between August 2017 and May 2018. In light of the Bitcoin and Bitcoin Cash divorce, lobbying exchanges to recognize ticker symbols is also worth looking into in a future edition. It would be good to see some balance added to this section because many of the vocal promoters at lobbying organizations do not disclose their vested interests (e.g., coin positions). In many cases, this means that both the mining pool operators and hash generators end up connecting their real world government-issued identities with their on-chain activity (e.g., block validation). In practice, the “miners” that that authors refer to are the roughly 15 to 20 or so mining pools that in a given day, create the blocks that others build on. How are they measuring this? The ironic part of this is that generally speaking, the private keys controlling millions of bitcoins are being housed in trusted third parties / intermediaries right now.
Perhaps, but there are also overwhelming disincentives for doing so. And discuss how trust is a “vital social resource” and then mention hyperinflation in Venezuela. Also, Bitcoin’s governance now basically consists of off-chain shouting matches on social media. Also, it could be argued that Bitcoin Core and other “core” groups act as gate keepers to the BIP process (or its equivalent) could lobby on behalf of special interest groups to push specific code changes and/or favor certain outcomes on behalf of specific stakeholders. 23. Mike wrote the first line of code for Corda over three years ago. For coins like Bitcoin, it is proof-of-work that makes it resource intensive to do a block reorganization. This speculation seems like a non sequitur. Lastly, only “shielded” transactions in Zcash provide the functionality described in the passage above… This passage should probably be revised because of the usage of the word immutable. Part of the problem is that cryptocurrencies continue to sustain a reptutation among the general public for criminality. That’s not necessarily a flaw because Satoshi wasn’t trying to create a solution to a problem banks had.
