I am the Father of Cryptocurrency such as Bitcoin

Thanks for the input, Sweden.

Did you talk to various people online before/during making the program/currency?

Did you get input/ideas from others?

Well the concept was my idea.
So I did combine the things of PGP and P2P protocol.
At that point, combined with the idealistic view
to have a pure form of money, it was generaly my input.

I do remember someone else did contribute with the
double sha routine.

Others did help to solve the solution of double spending.
Because that was not so easy to solve.

Then it was put into a scientific paper on the internet.

And things did start to roll.

But in the process we did discuss all idealistic idea,
the altruistic motivation as well.

That's why You see that spirit is still alive...

"One of the ideas so far was to stop the financial elite
to press free money out of thin air."

You do realize that anything at all can be fractionally reserve lent???

As soon as banks start taking bitcoins as deposits, they can start lending those coins out using the 10x money multiplier and will once again have 10X more influence over the moeny supply than anyone else.

"because it kills the fiat currency"

Maybe it's because English is not your primary language, but a common error people make is that they think there is such as thing as nonfiat money. All money is fiat because all fiat means is "let it be". So when people use a certain type of money they are saying "let it be" that this money will be the exchange medium. As soon as governements say "let it be" that gold or whatever else is good for the payment of taxes, that thing, gold or whatever else is "fiat".

Of all the type of money that exist, bitcoin is the MOST fiat because you can't even melt down the "coins" and use them for anything else. Their value is 100% by the power of "let it be", that is "fiat".

Have you seen Bill Still's videos?

Do you support the idea of zerocoins that allow transacations to be totally untraceable?

www.zerocoin.org

"I do belief in money which can not be duplicated."

You don't understand how fractional reserve lending works if you think money cannot be duplicated. 90% of the money in circulation is debt money that has be created by duplicating "real" money.

What would you say is the best way to put together a team of anonymous open source coders to create more bitcoin code?

For instance, I am putting together some design docs to make plugins for various open source forums and blogs to turn those forums and blogs into bitcoin marketplaces. For instance, a bitcoin lending plugin, an escrow plugin, a trading plugin and so forth.

What sites would be the best place to find volunteers for this and how to go about getting the ball rolling?

True. But by time the people are adapted to use cryptocurrency and it takes no time to put another
cryptocurrency into existance by the same principles,
until people do find out they can skip the banks.



Well it is how You put your definitions.

To me, fiat currency is a currency where the common people
can not participate in the creation of the currency, but those who do propagate the currency can decide to create
by a simple decission more currency to use it for personal
gain. The process to create the currency is important in this regard. Gold as cryptocurrency need to be mined. And no authority can simply create it out of thin air. However fiat currency (by my definition) can be created by a simple agreement.

Thanks OP.

Where are you from? Curious as your english has unusual phrasing.

On a different note, what are you working on now. Can I or others help?

I understand you did not create crpto currency to be rich, but it sounds. If you are struggling, and that doesn't seem right, or necessary.

How do you see things playing out in the next few years. You mention poor in india wtc, and i am not sure how your invention can help them. i was just there for over a year, and outside major cities very few have connection to the internet, and the connection is pretty bad. Over time this will improve, but we are talking many years from now.

Thanks OP

No, this is not a matter of semantics. This is a critical point.

For instance, the banks have used gold standards since the beginning of time because they know that people would rather accept their bank notes for the gold rather than having to lug around the gold itself.

As soon as you deposit gold into the bank, something that can't be physically duplicated, the bank can then start writing checks and making loans against your deposit, up to 90% of it which is what creates the 10x money multiplier.

Replace "gold" with "crypotcurrency" and you an identical situation.

In fact, it's even worse than now because it creates a false sense of security. People think that gold and bitcoins can't be created out of thin air but as soon as a bank starts writing loan checks using your gold and bitcoin deposits, the banks are once again in total control of the money supply.

"fiat currency (by my definition) can be created by a simple agreement."

Yes, and ALL money is like that. There's nothing that will prevent banks from using bitcoin deposits to create by agreement new deposits in other banks. Therefore ALL money is fiat. Period point blank. The only REAL solution is to decentralize the banking system.

If you decentralize fractional reserve lending, ONLY then will the money supply not be centrally controlled by a few banks.

This is why I want to make forum plugins to enable people to make lending and escrow sites from simple forums and blogs.

If anyone can make a btcjam clone site to lend and borrow bitcoins, then the money supply will be decentralized because no single bank system (like the "Federal" Reserve system) can dominate the money supply.

...anonymous open source coders....

So this part is important to maintain their privacy.
As there should be procedures in place so they generate
their PGP keys to use as auth and sign the posts.

Those PGP keys should be strong enough and the owner should backup them, because no keys, no....

So i think this auth plugin is important, or You should provide a system to auth with

client generated SSL cert.

The forum should allow people to access it from behind proxy, proxychains or VPN (anonymizers,....)

There should be multiple synced copy of the site to have a balanced network. I do suggest the vSphere High Availability
stuff...

As you need to find a way to publish the IP of the site, independed of the regular DNS servers just in case Your site gets blocked such as we see with other projects.

Insiders do known that stuff is all known already, there is a network behind the internet, with their own DNS servers...

So You need to find support from the P2P network groups
to create a safe meeting point.

When this is in place, then You can attract anyone, because there are a lot of coders to find everywhere.

Recently I saw a coder who did ask for help on Youtube to make another implementation of cryptocurrency.

Your idea sounds great. Expand it with a plugin to provide venture capital by individual or groups who can support a voted project....

I do understand Your point, and there are great cartoons on youtube of this process.



But in Your logic You have a bank who keeps the wallet and finally uses deposits.

People can use their own wallet and skip the bank.

Why should they use the bank and pay them fee
if they have their own wallet ?

I do agree in the transition process such things could occur.

Until all people do realize You can do transactions without the banks.

For the government this is an opportunity to start from a blank sheet and get rid of the banks and the financial institutions who do control too much the government...

It would not be very smart of the government, when they do take steps to 'purify' the money system, to go again in slavery of the banks.

So you're saying I need to set up the CVS site and everything on my own site? I was hoping that I could use a ready made solution like github and then instruct people to access it via Tor to stay anonymous. Is this not safe enough?

Here's my plan, I would be very greatful for your feedback on it:

1.) Start a thread at bitcointalk in which I post the design docs for the basic plugin purpose and framework and explain that the reason for creating them is to decentralize fractional reserve lending and allow anyone to create a commerce site using cryptocurrencies and a forum/blog

2.) Create a code repository on github or some other public source control repository. Instruct people to access it via tor.

3.) Find a way to function as a designer and not a coder. If other people want to create their own code repositories and versions, that's great. The main contribution I would be making is to publish framework design docs so people have a common template to code to.


"Expand it with a plugin to provide venture capital by individual or groups who can support a voted project...."

Can you expand on this? Are you saying that in addition to the forum plugins like an escrow plugin to have a plugin that does a crowdfunding type of function similar to indiegogo? Or am I reading that wrong?

Most banks do not charge a fee for checking, beyond the fee to buy the physical checks, which is cheap anyway most of the time not needed.

The reason people use the banks and not their wallets is the banks provide an easy way to make savings accounts and someone even offer interest on checking deposits. You don't get that with a simple wallet.

Also, a wallet does not provide a way to get a loan for a house mortgage. These are all things that you need a bank for.

So the banks and fractional reserve lending and the 10x money multiplier are here to stay, a simple wallet does not remove the need for the other services the bank provides.

The loan process needs to be decentralized in addition to the wallet function so that people can get mortgages and car loans without putting money into the banks' coffers.

For instance, if each neighborhood had a simple website in which people could loan money to each other and everyone knew everyone else in that small banking system, then all the interest paid into the bank would stay locally concentrated.

That way the interest on a mortgage that one person gets for their house will actually not really be a cost to them since the interest goes directly to their neighbor who uses it to improve the neighborhood.

This is in contrast to how it is now where the interest goes to some megabank who uses it to create wars and other problems.

These tiny town banks have the potential to replace town governments when the town banks have more revenue than the town government. At that point no taxes will be required.

put up or shut up. then again, this doesn't proof anything but the fact that you were or are in control of those coins.

pgp is an implementation. what has that got to do with the cryptographic transforms that are used in bitcoin?

compuserve was a barren desolated wasteland before 9600bps was common. if you were there in those times, it's amusing you paid phonebills - not many did...

p2p isn't a protocol.

i suspect you haven't got the faintest knowledge of distributed trust management systems, and the math that makes 'em solid. hint: not everything is a pki.

good effort to troll though.


d-wave's systems can't factor composites of large primes in adequate time, nor run shor's algorithm - as far as i know.

voila. thank you denmark. this is one the mathemathical highlights of the year, and mainstream news is suspiciously quiet about it.

While I'm thinking about it, here's the basic design. I don't know if you're still in the business of organizing coders but if so maybe one of these might spark an interest for you:

= BASIC DESIGN =

1.) USER ABSTRACTION LAYER AND FORUM/BLOG ADAPTERS - The framework is designed to work on top of various open source php forums and plugins. To do this it has two concepts:

a.) User abstraction interface. This is a php interface that gives a common view of a "user", which includes things like the user's login, name, privilege levels and so forth.

b.) "Adapters" or user abstraction implementations. This layer is a set of PHP code that implements the user abstraction interface for a particular forum or blog. For instance, there will be an adapter for Wordpress blogs, one for Simple Machine forums, and so forth.

2.) UI Interface and adapters. This layer is the same structure as the user abstraction layer. Its purpose is to provide ways to present user interfaces to the user, independent of the underlying blog or forum.

2.a) Tags - Tags allow users to insert plugins specific functionality into blog and forum posts, such as a tag to create a loan request, such as [LOAN].

3.) Business Logic Plugins - The business logic plugins are what actually do the interesting things, like provide escrow functionality and bitcoin transaction functionality. These plugins do not talk to the underlying blogs and forums. Instead they talk to the user asbtraction layer and UI abstraction layer.

= LIST OF PLUGINS =

1.) Bitcoin transactions. This allows you to associate wallets with a user account and provide the expected operations on them like withdrawls and so forth.

For simplicity sake this will first be implemented only in bitcoins, but later on support for any crypto currency will be added by having an interface for adding a new currency and then being able to install an adapter to implement it.

2.) User privilege levels. This provides a name value lookup system to associate levels of ability for one user or another, so that you can have admins, mods, anonymous users and so forth.

3.) Escrow System - This allows for the concept of a trade which consists of an "offer", and "acceptance" and "completion". It has an "arbitration" layer which allows for semi-automated resolution of disputes which then defaults to a manual intervention by admin users when the automated arbitration process fails to produce a result both sides are happy with.

4.) User Uniqueness - Allows users to submit "proof of uniqueness" data for their account to prove to people that they're not masqarading as other people. This is useful for loan sites like btcjam which has the ability to associate your account with paypal, ebay and facebook accounts and get the ages of those accounts. This makes is more difficult (but not impossible) to create convincing fake accounts.

5.) Loans - Provide functionality similar to btcjam in which people can get loans. The loan request creates a new forum thread or blog post in which people can reply and make deposits for the loan.

The main difference between btcjam and this loan plugin is that btcjam creates a large list of reasons why a person who is even a single day late on a payment to just run off with the coins such as a huge .5btc penalty. As expected, most people who are late never pay at all. Instead, this plugin will enable people who are late on a payment to start making partial payments and allow them to buy their way back into good graces. It will not mark them for life as a scammer for missing a single payment by a single second. Instead the design of this plugin will give the borrower every reason in the world to pay back the loan or at least make substantial partial payments.

6.) Crowdfunding - Allows a user to make a post in which they explain the purpose of a crowdfunding request. People use the post's UI to donate bitcoins to the user's account. They can post to the thread to provide updates on its progress.

7.) Marketplace - Allows users to create forum or blog posts in which to offer a product or service in exchange for bitcoins. An advanced version of this plugin will offer auctioning ability in which people and place bids on the item for sale.

Ok, that's enough for now...

BTW one feature that would enable small town governments to become independent of fascist federal governments would be the ability for the town govt to mint their own currency, similar to Lincoln's greenbacks and tally sticks. The currency must not be mineable by anyone else. Only the issuing government should be able to create them.

The way You do express Your words, I am sure You was not in the development team, neither Your parents did learn You how to talk in a respectfull manner...

I do not care what You think. Really.

I am here to share my story and take it or leave it.



The fact You do not known that Compuserve was a big thing
before the internet was common ground, says enough about Your knownledge of the history of computernetworks.

I do talk about times where internet was mostly between military bases and the universities.



You are right. It is a chocolate bar.



You seems not to known that browsers can authenticate with SSL client certificates.

As I did adresss the use of PGP to sign messages with a digital signature.

So who is the troll here ?



Well, time to inform You.

It is well known Quantum computers will be a big challenge for current encryption.



Well show me the link. I am very curious.

Because this will have a major impact on encryption
and many PhD in Math would be very excited about it.

All governments over the world did proof they were not able
to have that discipline.

When gold was the currency. The Roman Emperor, Duke or Pope could not double it out of thin air. If there was not enough gold, there was no loan for the soldiers.

When a government can order to print money, this changes completely.

So that's why the government is replaced by a mathematical
difficulty in cryptocurrency.

Why would You use cvs and use centralized version control ?
I think git is a better approach, as You can setup Your own git-daemon.



note: There are already modules for major carts for bitcoin, litecoin etc. So You can use a link directory as well.



And instruct them to use safe email adresses, not so easy as you think....

You can proxy Your track but when they do publish an unsafe mailadress...



You are reading it right.

Yes, the government was not able to create new gold BUT THE BANKERS COULD via fractional reserve lending. This is the entire point: That the banks have 10 more influence over the money supply than the government, ESPECIALLY when the government is not able to regulate the quantity of it in order to wipe out fluctuations in deflation and inflation.

Are you familiar with tally sticks? The english empire was built on them. They were the most successful form of currency that ever existed, they lasted for 700 years. The govt created the tally sticks from "nothing", spent them into the economy, then created demand for the sticks by requiring that taxes be paid in the form of tally sticks.

No other currency has lasted 700 years because all other currencies were subject to banker manipulation and therefore became debased. It wasn't until england relaxed its restrictions on banking and lending that their currency started to become debased and they were forced into a series of wars and off the tally stick system.

There are some more details on how this works at [link to www.themonetarist.org]

Money should be created by the government, spent into the economy, if the money was spent wisely then this creates an increase in value of the economy which lowers prices and creates deflation. The government can then print additional money to cancel the inflation and have a source of funding without an inflation or need to tax.

EDIT: it should read "...cancel the DEFLATION and..."

What about relying on the github messaging system instead of email?

BTW you should check out Bill Still's youtube channel at [link to www.youtube.com (secure)]

And he's done a few vids on bitcoin recently. I think he would be interested in talking to you.

A lot to study, but a quick reply.

I think You better start a website on your own. There is project management software in codecanyon and some projects in sourceforge.

Also take in consideration when You do make software what is linked to transactions of money, You should be extremely carefull about security. Especially the permissions of PHP files on the webserver.

Well OP... 4 pages into this and I'm starting to actually believe you.

Understand that, on this forum many people pretend to be other people.

Like some of the others here, I'd like to thank you for what you started. It's hard to imagine that you, "the Father of Cryptocurrency", would actually stop by here and share your story.

I'm fascinated so far and have learned some more of the philosophy.

I too started in the compuserve days... Then AOL, etc. Prior to that, tinkering around on BBS's. Those were good times!

Thanks again!!!

When I am old, grey and do have one tooth.

I think it is not the right time to reveal identities of
anyone, until all people do trade in cryptocurrency and the governments do accept it as a natural evolution and do see it as the escape of the grip of the financial organisations.

The governments do forget the financial organisations did
abuse for decades the banking system with fractional banking.
So they should not feel guilthy about the move to a purified
money system. They only need to agree with each other.

I take it there are no miners here with server farms.

That's true. We did communicate most of the time with a lot of respect for each other, I did spend a lot of time on BBS
too, as we did transfer files in xmodem and we were so proud we could use zmodem ! It was, well, like You say. Good times.

I'm unsure from your reply if you read what I wrote about tally sticks in Thread: I am the Father of Cryptocurrency such as Bitcoin (Page 4)

If you haven't read up on tally sticks, I highly recommend watching the bill still video I linked to back here:

[link to www.godlikeproductions.com]

And the section starting with "THE TALLY STICKS (1100 - 1854)" at:

[link to www.xat.org]

Basically the tally stick system is 700 years of empirical proof of how a money system should work. The banks have conveniently wiped all record of it from public school books, but it's still here on the internet.

So long as governments have to borrow, they will also be forced to create wars when the banks tell them to make war. If you want to end the bullshit wars, you have to make it so the governments do not have to borrow from warmongering bankers.