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RE: Get Ready for a World Currency

in #money7 years ago

"History has never seen a pure monetary standard like Bitcoin [implying Bitcoin has no significant intrinsic value]. It's not only that gold has intrinsic material utility - even fiat currency, though tremendously overvalued by savings energy, has intrinsic value. Try paying your taxes without it."

Why does anyone consider "ability to pay taxes" an "intrinsic value"? How about, just don't pay taxes. Ability to avoid paying taxes is real "intrinsic value".

"
He managed to think far ahead on the game theory and realized he would need a poison pill to ensure that no one could modify his evil design.

So therefor he created a design that he knew the Chinese ASIC manufacturers would figure out how to make covert AsicBoost and that if it was patented outside of China, then this would be the poison pill against any changes to the protocol (as I have recently explained at @gmaxwell's Redditard discussion)."

What do you mean? Segwit killed ASICBoost.

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What do you mean? Segwit killed ASICBoost.

See my other blogs (Steemit, and see also my Medium account) about the potential upcoming theft of SegWit. And the follow-up BCT thread.