A great show with Mike Gogulski a stateless ex-American, living in Bratislava, Slovakia. We cover his websites, and projects. Then get into Bitcoin. The network, what is going on, his Laundry systems, the basic one, then the new app.bitlaundry.com that can blast coins out to multiple recipients with time delays, leaning toward a “Remailer” like system. We cover his new mining work, mining Pools and how you actually have a chance at mining in a Pool rather than going cowboy. Fascinating show, highly recommended.
Cypherpunkd Episode 035: “Bitcoin Mania: Part 3″ – The Bitcoin Laundry and “Remailer” Systems and the Basics of Pooled Mining – Mike Gogulski
Bill Frezza: “Perhaps, for the first time, sovereign individuals will have the tools to construct a practical realization of laissez-faire capitalism without having to resort to a problematic social contract with an all-powerful state to create the conditions necessary to sustain a stable political economy. At the root of this system will be new monetary institutions that must inherently rest on the consent of the participants.
Cyberspace, which promises to shield individuals from the ravages of coercive force and allow them to conduct their affairs in secure anonymity, will bring forth a burst of creative human genius not seen since the last time a new world was discovered.”
The Future of Money in the Information Age: Chapter 4: The Internet and the End of Monetary Sovereignty