Hi, > Well, it's enriching Satoshi regardless of whether anyone knows who he, > she or they are. Pseudonymous enrichment is still enrichment.
> It might be... assuming it isn't someone who has done it for the greater > good and did not (whether it's an individual or a group) hoard many > themselves... in the FOSS world, people do that in software all the time > so it would not be that unusual if that were the case... Well, two answers to this: - Somebody has ended up with all those Bitcoins mined in 2009 and the first half of 2010. That would be Satoshi and friends. Call it a couple of million bitcoins (current nominal value a couple of billion dollars). - There's an obvious, clearly deliberate mechanism for enriching the originator. Why would Satoshi put in that mechanism, other than to use it? > The thing is that the deflationary monetary policy was clearly > deliberately chosen — it's not the simplest or the most obvious to > encode (that would be a constant per-block reward). At the same time, > there's no public explanation of why that one was chosen, and the > documentation seems to steer away from even asking the question. > Why was this non-obvious policy chosen? > Is anything about any monetary/currency policy trivial? The current > system is far far far from obvious... It's not trivial, but it tends to be explained. Sometimes those explanations and reasons are products of their time and/or situation, but they're there, you can look them up, they make sense in context. With the Bitcoin monetary policy, nobody ever explains. > The question isn't what a currency is, the question is what is the > primary purpose of Bitcoin. > To take out the middleman? To enable P2P transactions? and _take away > centralised control_ ... i thought they state that in the first 5 > seconds of every video out there! Maybe... or maybe that's just the marketing pitch. It's not like Satoshi is available for cross-examination, so we must make do with the next best thing: the evidence of actions. And those actions suggest that whoever wrote the software had a higher priority on enriching themselves than on an actual workable currency system. -- Jiří Baum <j...@baum.com.au> Sabik Software Solutions Pty Ltd 0413 183 117 http://www.baum.com.au/sabik -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
