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PR: Darkcoin’s solution to Bitcoin’s public ledger (23rd Jan)

Discussion in 'Dash Worldwide Collaboration' started by tungfa, Jan 23, 2015.

  1. tungfa

    tungfa Administrator
    Dash Core Team Foundation Member Masternode Owner/Operator Moderator

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    Darkcoin’s solution to Bitcoin’s public ledger

    Recent news have provided possible evidence for something every self-respecting post-Snowden internet-user has long-suspected. No, not that the government has taken a keen interest in Bitcoin. We already know they have. Rather than corporations that facilitate the use of Bitcoin are beginning to mirror their FIAT cousins in monitoring consumer behavior. Users on popular discussion site Reddit have been complaining about bans from Coinbase relating to the use of gambling sites, but perhaps the more shocking reason is the use of localbitcoins as a reason to have an account blocked. What links these events is, quite simply, the fact that Coinbase must be monitoring these accounts in order to ascertain what their users are up to. This is, it must be noted, broadly explained away as ensuring the site remains compliant with regulations (since it is located in the United States). However, what this begins to look like, at least to those of us in the cryptocurrency community, is regulation.

    Now we have long been aware that banking institutions keep detailed profiles of our both our financial situations and that corporations develop extensive (and shareable) profiles about our consumer spending and patterns of behavior. Often we are not in a position, unless we refuse to have a bank account, to avoid this, as with banks. With corporations, we are more likely to hand over our details, through loyalty cards and schemes, or blindly accepting terms and conditions.

    Now the structure of Bitcoin has an implicit manner to track users in the same manner, since the blockchain is both public and very closely linked to an identity when a user is using Coinbase as the latter requires verification. This means Coinbase begins to represent something close to a Bitcoin bank account or, at least, a database of sorts. It should not come as a surprise, then, that the company engages in tactics used by those that use FIAT currency. This is the nature of our Big Data culture, centralized to its core as applied to Bitcoin. It is for this reason that users seeking to disconnect from the centralized net ought to look at alternative cryptocurrencies such as Darkcoin, which allows for a truly anonymous and decentralized experience through the use of its DarkSend technology. Used in conjunction with other anonymous tools, it fulfills the promise of a currency that is properly untraceable thereby regaining the user the freedom that Bitcoin had once seemed to deliver.

    Furthermore, the Coinbase story is surely only the beginning. Recent years have demonstrated that once we enter a state of centralization online, government and corporations revert to type, i.e. to constructing patterns and profiles of online users. It is imperative that those of us who embrace privacy practice what we preach by deploying those technologies and decentralized tools that carry our core values intrinsically. Of these Darkcoin remains one of the few remaining options in an increasingly centralized cryptocurrency world. As they say in their community, it might be time for Coinbase users to ‘get into the Dark.’



    https://www.darkcoin.io/news/darkcoins-solution-to-bitcoins-public-ledger/

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  2. Sub-Ether

    Sub-Ether Well-known Member

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    The way I see it, in history,there are cycles called turnings that roughly are 20 years long and we are peaking to the rise and power of the government and state during the 4th turning of genereational 'unraveling' heading rapidly towards the 'crisis' phase with possible war, hence the dire need for independance (from banks and the state war machine) and anonomity from the control grid/spying networks. The generational need for cryptocurrencies has come at a perfect time as last time there was a 'crisis' period in the 1930's great depression, we entered WW2 shortly afterwards.
    http://en.wikipedia.org/wiki/Strauss–Howe_generational_theory

    ''the Fourth Turning is a Crisis. This is an era in which institutional life is destroyed and rebuilt in response to a perceived threat to the nation’s survival. Civic authority revives, cultural expression redirects towards community purpose, and people begin to locate themselves as members of a larger group.[25] America’s most recent completed Fourth Turning began with the stock market crash of 1929 and climaxed with the end of World War II. The G.I. Generation (a Hero archetype, born 1901 to 1924) came of age during this era. Their confidence, optimism, and collective outlook epitomized the mood of the era.[26] According to the authors, the Millennial Generation (Hero archetype, born 1982 to 2004), show many traits similar to those of the G.I. youth, including rising civic engagement, improving behavior, and collective confidence.
    ''

    Missionary Generation Prophet (Idealist) 1860–1882 (22) High: Reconstruction/Gilded Age
    Lost Generation
    Nomad (Reactive) 1883–1900 (17) Awakening: Missionary Awakening
    G.I. Generation
    Hero (Civic) 1901–1924 (23) Unraveling: World War I/Prohibition
    Silent Generation
    Artist (Adaptive) 1925–1942 (17) Crisis: Great Depression/World War II
    Millennial Saeculum (65+)
    Baby Boom Generation
    Prophet (Idealist) 1943–1960 (17)[45] High: Superpower America
    "13th Generation"
    Generation X1
    Nomad (Reactive) 1961–1981 (20) Awakening: Consciousness Revolution
    Millennial Generation2
    Hero (Civic) 1982–2004 (22)[46] Unraveling: Culture Wars, Postmodernism
    Homeland Generation3,4
    Artist (Adaptive) 2005–present Crisis: Great Recession, Climate Change, War on Terror