Technology

60035 readers

2767 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS

256

Peter Todd in hiding after being “unmasked” as bitcoin creator (arstechnica.com)

submitted 1 month ago by some_guy@lemmy.sdf.org to c/technology@lemmy.world

50 comments fedilink hide all child comments

Todd’s urgent dismissal of the documentary reads to Hoback like an attempt to throw Satoshi-hunters off the scent. “It doesn’t surprise me at all that Peter would go on the offense. He’s a master of game theory—it’s what he does. He has spent a lot of years now muddying the waters,” says Hoback. “He’s an unbelievable genius.”

I haven't seen the docu, but I did like his (Hoback's) docu about Qanon, Q: Into the Storm.

you are viewing a single comment's thread
view the rest of the comments

[–] pandapoo@sh.itjust.works 22 points 1 month ago* (last edited 1 month ago) (1 children)

Bitcoin was never meant to be legal tender, and it still isn't.

The fact that it's now a regulated commodity is pretty antithetical to its original purpose, but still, it doesn't make it legal tender.

But setting all that aside, you're right, monetary controls are pretty important tools of a nation state... And your alternative is what? A digital gold standard based on Bitcoin....?

That idea is so idiotic, that I can't even start to write out the problems with it, because I wouldn't stop.

[–] jagged_circle@feddit.nl 4 points 1 month ago (1 children)

The white paper literally says its supposed to he a digital cash, which is legal tender.

And at least one country has already made if officially legal tender lol

[–] echodot@feddit.uk -1 points 1 month ago (1 children)

It's not digital cash it's digital gold. It doesn't have a predefined value that can be equated against another currency because its availability is limited, It's not currency it's a commodity.

It will become a currency when mining stops, when there is no more bitcoin being made and the value is set against other currencies that's when it becomes a digital currency, assuming that ever happens.

[–] jagged_circle@feddit.nl -2 points 1 month ago (1 children)

Wrong. Read the white paper.

[–] echodot@feddit.uk 2 points 1 month ago* (last edited 1 month ago) (1 children)

Your know of course that what's some random crypto bro thinks about his production is not a basis of reality right. ?

Reality is defined by everyone else.

[–] jagged_circle@feddit.nl 0 points 1 month ago (1 children)

Lol I think the creator of a concept deserves special treatment in what they created. For example, Darwin's ideas weren't about white supremacy, even if social Darwinists used it to justify eugenetics.

[–] echodot@feddit.uk 1 points 1 month ago

I'm not sure I quite follow the logic there. If I hit you over the head and tell you that it's actually a prescribed medical procedure, you are still being hit over the head.