Anonymint interesting character from bitcointalk.org in the early days of bitcoin

WATERCOOLER
#1

I’ve been interacting with someone going by the name Shelby Moore III (Anonymint) who is one of the OG’s. Anybody know more about him? He’s made a number of fascinating and also very disturbing statements on various forums, has been banned, etc, but I can’t quite dismiss his arguments. He is obviously very high IQ with a wide spanning knowledge in software dev, theology, and economics and seems very adept in game theory.

I’ve been a programmer for a long time (nearly retired) and am leisurely going through the coding academy but am relatively new to bitcoin (only about 2.5 years now since my first transaction on the blockchain). In particular he makes the seemingly preposterous statement that segwit addresses will eventually have all their bitcoin stolen by miners about 6 paragraphs down:

https://www.quora.com/Which-cryptocurrency-will-eventually-knock-Bitcoin-out-of-its-1-position/answer/Shelby-Moore-III

The standard answer to this is that after 6 confirmations, it is irreversible blockchain history of course.

He also says that the 1 MB block size is a Schelling point that will never be changed by Core and that as transaction fees escalate to about $1000 USD most of us will be kicked off chain (this would be the case when bitcoin is about 1 million USD circa 2024).

He says that this event of being kicked off chain is by design and a feature of the blockchain that was set up so that only the elites could use it in the end. He also says that by around 2030 that PoW will have eaten up all of the world’s energy reserves which will cause the world to become very angry at bitcoin (at this point he interweaves book of Revelations).

Truly a fascinating individual, but I think too many dismiss him as just a kook. My gut tells me that there’s more here than meets the eye even if all the logic isn’t currently correct (which could change). Thoughts?

#2

Curtis, you never know! … NSA probably has a backdoor in as bitcoin uses the cryptography created by NSA

SHA-256 is a member of the SHA-2 cryptographic hash functions designed by the NSA. SHA stands for Secure Hash Algorithm. Cryptographic hash functions are mathematical operations run on digital data; by comparing the computed “hash” (the output from execution of the algorithm) to a known and expected hash value, a person can determine the data’s integrity. A one-way hash can be generated from any piece of data, but the data cannot be generated from the hash.

SHA-256 is used in several different parts of the Bitcoin network:

1 Like
#3

I think we might be walking into a trap in crypto…

I wrote the following about this issue here:

Bitcoin will be a wrecking ball to the centralized world’s economy as it exceeds Tim Draper’s predictions (as well as McAfee’s). The stock to flow ratio of bitcoin will exceed gold by 2022 which means that its deflationary properties (greed index) will exceed gold. This will cause Gresham’s law to play out where bitcoin is hoarded and everyone will be rid of national fiat first (due to the equity disparity creating an equity drain), then they will get rid of their so called “decentralized” cryptos that inflate too much because they don’t hold their value as well. This leads to a potential Mad Max scenario because deflationary currencies are a harbinger of economic misery.

Google (Amazon, Facebook, Twitter, etc) is also buying up bitcoin like there’s no tomorrow. They don’t need privacy on bitcoin because they will control government from behind the scenes. It will probably be the settlement layer for the worlds newly enthroned digital bankers (why the block sizes don’t need to increase for them because they don’t have to worry about $1000 transaction fees or privacy on chain). Everyone else will be kicked off chain because of this not being able to afford the high transaction fees and all of the alt coins may end up using some sort of QE with Keynsian economic principles which is what got us into our current USD situation. I think a new oligarchy will be formed where the tech rulers will hoard all the bitcoin and the likes of Facebook will force everyone off bitcoin and into GlobalCoin using capital controls.

Those of us who are voluntarists and hold bitcoin will not be able to use it for anything in the physical world once the capital controls are in place. We will have to leave our national origins behind for bitcoin citadels because most of the people in the world will have less than 0.001 bitcoin and they will be extremely angry at what “bitcoin” has done to them. It won’t solve the wealth disparity because nature (as well as crypto adoption) is power law distributed. There will be squads of people hunting down bitcoin hodlers.

I hope that this is wrong, but it’s my current thinking. I think privacy tech will be too late and even if we get that and manage to stay decentralized in the process, what everyone’s forgetting is that socialists seize the means of production. Therefore “illicit” crypto’s won’t be useful for anything in the physical world outside of the black market. We will have to tuck away in obscure hiding places among the original OG’s who still believe in voluntarism.

We will have our revolution all right. The problem is that we’ll just be replacing the old analog dinosaur oligarch’s with new digital technocratic oligarch’s.