On Tue, Mar 20, 2018 at 8:44 PM, Philip Hands <p...@hands.com> wrote: > Luke Kenneth Casson Leighton <l...@lkcl.net> writes: > >> On Tue, Mar 20, 2018 at 6:15 PM, Jean Flamelle <eaterjo...@gmail.com> wrote: >>> This is difficult to express so please bear patience. Able >>> manipulators of money do exploit the interest in cryptocurrency to >>> affect the prices thereof, >> >> yep, i know. there's no way to regulate or prevent the blatant >> insider trading and pump-and-dump scams. interestingly, mining is >> inviolate. > > I've no idea why you think that -- it seems to me rather like saying > that farming poppies is automatically ethical, regardless of whether you > expect anyone to harvest the crop and perhaps sell it to people who > then profit and spend the resulting income on weapons, say.
there's a key difference [or there was until those abuse-links were noted...] which is that the transactions are [or were] "neutral". the "money" (the mining reward) was literally created out of thin air, i.e. was not being received as part of a transaction from criminals, not being received as part of drug-dealing, or in exchange for a contract on someone's life or anything else clearly unethical... *and* in addition [up until those abuse-links were noted] there was no way to know if the transaction(s) were quotes good quotes or quotes bad quotes. even _with_ such links (which people will now have to add filters into crypto-mining algorithms in order to discard them), you can clearly see that anyone putting such links is "bad" (and choose not to include them in a block being mined) however for everything else not so identified they *are* unidentifiable. that lack of identifiability makes mining "neutral" rather than "specifically good" or "specifically bad". > Anyway, never mind that -- this seems timely: > > > https://www.theguardian.com/technology/2018/mar/20/child-abuse-imagery-bitcoin-blockchain-illegal-content > > erm, oops! sigh yehhh... and they paid transaction fees to put them there. main problem is, distribution of or ownership of bitcoin has now become illegal in many countries... whoops... l. _______________________________________________ arm-netbook mailing list arm-netbook@lists.phcomp.co.uk http://lists.phcomp.co.uk/mailman/listinfo/arm-netbook Send large attachments to arm-netb...@files.phcomp.co.uk
