Bitcoin Wiki - User contributions [en]

User talk:JSalsman

2011-05-22T05:47:45Z

JSalsman: Created page with "I'm not likely to read here; email jsalsman at gmail instead. ~~~~ ----"

I'm not likely to read here; email jsalsman at gmail instead. [[User:JSalsman|JSalsman]] 05:47, 22 May 2011 (GMT)
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User:JSalsman

2011-05-22T05:47:16Z

JSalsman: Created page with "jsalsman at gmail"

jsalsman at gmail

Talk:Myths

2011-05-22T05:46:26Z

JSalsman: Undo revision 8691 by JSalsman (talk). Equivalent, duh; ? withdrawn

= Terrorism =
From the linked Wikipedia page:
:The USA PATRIOT Act defines terrorism activities as "activities that (A) involve acts dangerous to human life that are a violation of the criminal laws of the U.S. or of any state, that (B) appear to be intended (i) to intimidate or coerce a civilian population, (ii) to influence the policy of a government by intimidation or coercion, or (iii) to affect the conduct of a government by mass destruction, assassination, or kidnapping, and (C) occur primarily within the territorial jurisdiction of the U.S."

This definition is broad enough that it could probably be applied to the Bitcoin system. IANAL but I imagine lawyers could pretty easily demonstrate that Bitcoin is 'dangerous to human life' because the Four Horsemen can use it for evil [drug-dealers, money-launderers, terrorists, and pedophiles.] It can 'influence the policy of a government by coercion' by removing options such as Federal Reserve dollars. (C) might be tricky to prove.
[[User:PLATO|PLATO]] 22:34, 23 March 2011 (GMT)

: besides the one attorney general that made a snide remark about terrorism in the LibertyDollar case, i don't think that this is in any way a 'common misconception', so i'd question whether we need to have the 'terrorism' section at all.--[[User:Nanotube|Nanotube]] 04:02, 24 March 2011 (GMT)

I agree. All yes for removing terrorist stuff? [[User:EvanR|EvanR]] 00:10, 30 March 2011 (GMT)

== Bitcoin mining is a waste of energy and harmful for ecology ==

IMHO this chapter is superficial. Compare Bitcoin to electronic fiat currencies. --[[User:Shrewdwatson|Shrewdwatson]] 17:57, 23 April 2011 (GMT)

How about this:

''The electricity spent in hashing is not wasted. It creates a product of value to the Bitcoin economy. The product is a supersignature on the complete list of transactions to date (the [[Block chain]]). This supersignature attesting to the chain's completeness is Bitcoin's defense against double spending.''

''Many sources of energy vary in their availability in ways that do not match the variations in demand. The law of supply and demand will require Bitcoin to soak up a lot of energy that is currently "wasted" without making a big dent in the otherwise usable energy supply. [Perhaps cite estimates of the break-even point for mining profitability that imply near zero-cost electricity.]''

[http://www.bitcoin.org/smf/index.php?topic=6459.msg98999#msg98999 More] --[[User:JohnTobey253|JohnTobey253]] 04:49, 29 April 2011 (GMT)

Talk:Myths

2011-05-22T05:32:55Z

JSalsman: /* "Fractional" reserve banking */ new section