Cypherpunks: The Past, Present and Future of Bitcoin
In today's episode of the Keiser Report, we cover Jameson Lopp's recent awesome piece about the role played by the cypherpunks in the birth of bitcoin.
Here is the episode:
Stay tuned for the second half as well in which we speak to Richard Heart, a self-proclaimed 'bitcoin maximalist,' with his thoughts on Bitcoin Cash. (I assume flame wars will ensue in the comments, so have at it)!
Here is CoinTelegraph's coverage of the episode . It is their, as always, awesome artwork above.
They pull some great quotes spouted by Max in this cypherpunk episode. For example:
“Genesis is about privacy and the ability to protect that electronically, ending up where we are today. The cypherpunk movement is the genesis movement. No one should buy Bitcoin without studying the cypherpunks.”
And here is the cypherpunk manifesto if you care to read more about their philosophy especially pertaining to privacy.
[Signed, Stacy]
Secrecy and privacy are the same thing as far as the gov. is concerned. It is unfortunate, but that is the bare truth.
Either bitcoin and cryptos remain out of gov. control, or blockchain technology will enslave us all. I don't believe some kind of "balance" between gov. compliance and privacy/anonymity can be struck.
Cryptos are designed to be the antithesis to centralized control!!
I never considered that. Does this mean that buying bitcoin contributes to our freedom but if it gets controlled by governments it will on the contrary impose more enslavement to us? What kind of responsibilities it puts on us?
I don't think governments can control Bitcoin. More likely a government block chain is created and governments will try to force people to use it. Basically, either we stay decentralized or our lives will be ruled by a Central authority via block chain.
understand that. The strength is in decentralisation but how about some kind of regulations or law that can limit it?
Well, that's a political question, really. So I guess it depends on where you stand. I personally don't want governments to exist, so I think the solution is for the community to police it.
What limits exactly do you think need to be put on Bitcoin? Do you want to restrict people's freedom to do whatever they want to do with their own money?
i would agree with zero government. Same side as you. From what I see around - our government restricts our freedoms more and more each year. Western Europe is even worse. I wonder what happens next. Remember very well regulations during communist time.
We are the government so if We adopt a block-chain We will see the "truth engine" reveal that there is no need for governance when proof of work is applied.
Well, I mostly agree. I'd say there's always a need for governance, but no need for government. For governance, I'd let the free market be the driving force. Also, I'm not convinced proof of work is the best blockchain system. Steem's doing pretty well without it.
We have the "laws" of physics ......thats nice, goodnnuff EH?
I'm not sure what that has to do with the price of tea in China, but I don't really think we have "laws" of physics. We simply have best explanations for now. But I'll high five you, bro.
I live in the 🇬🇧 but do enjoy watching the keiser report, thanks
From the cypherpunk manifesto:
The aforementioned manifesto dates back to 1993! Look how long we've been waiting to finally say that we have a system which allows us to anonymously send money anywhere in the world!
Thanks @keiserreport for staying committed to your work & thank you bitcoin for proving that dreams do come true!
Another passionate episode, love it. And i agree, people should not talk about BTC unless they understand the fundamentals!
ps. I wish Richard Heart did not loose all the hope. His great though.
By the way nice picture of Max!
Show him this GIF... time to start HODLing Steem.
(created by our own @overkillcoin)
Nice. Are there are steem wallets?
The Steemit integrated wallet here on Steemit is the best option to hold Steem Power. Steem Power has the added security that it takes 13 weeks to power down (remove Steem). So if there is ever a breach you would have plenty of time to recover the account before any funds were transferred. When you want to remove your Steem you will use the power down feature which releases 1/13 of your selected amount at the end of a week and every week for 12 more weeks. Steem Power is what drives voting power and actually voting power is the benefit you receive for staking your Steem in Steem Power. With the rising price of Steem voting power is very strong and if you don't want to spend time curating you can delegate Steem Power and make a lot more Steem. Basically you can delegate to a whale voting bot and they will pay you a daily or weekly fee. The Steem Power remains yours but the lease holder receives the voting benefits and you receive the leasing fee. You can end the delegation at any time.
Sorry if this is too much info but one more thing.... With current price of SBD (Steem Dollars) at around $9 everyone that is selecting 50/50 payouts is receiving a huge bonus. That is because SBD payouts are programmed to pay $1 as 1 SBD regardless of external market prices. So face value on a $10 post after curation reward is $7.50 that is paid out as $3.75 SBD and $3.75 Steem. But you will actually receive 3.75 SBD and .54 Steem. The market values are $33.75 for the SBD and $3.75 for the Steem. So a lot of people have been converting their SBD to Steem after payout for extra stacking of Steem. Something to be aware of so you shouldn't opt for 100% power up unless SBD drops under $1.
Below is a helpful site for exploring all the actions on your account (voting power, payouts etc.). It will show anyones account just plug in a user name. (the link is set to your account)
For example this is what you will receive because of the SBD bonus!
Your coming 7 days post payouts are: $ 1,451.55 (worth of Steem + SBD)
But the actual value with current SBD prices is: $7,196.54 USD (around 1000 Steem!!)
Click the link and go to authors rewards and hit refresh to see your rewards:
https://steemworld.org/@keiserreport
Punk’s not dead! Max, Stacy and Richard Heart, now that's a good episode
Also, that illustration is pretty sweet
Perfect world were robots do all the hard work, and we only use our brain to make robots more effective. No debt, no war, no resource waste
Nice bit of cryptography history there Stacy. Happy birthday Bitcoin.
Sold my Bitcoin Cash, Bitcoin all the way