Topic: Bitcoin: The Digital Kill Switch (Read 55179 times)

No mention if he had a known criminal history though.. i bet he did too !
I know a guy thrown away for Bank Robbery even though they got the guy who actually did it to testify he was the guilty one.. some old lady swore it was the wrong guy and the judge threw the book at him.
The problem was the guy i know had a history of bank robbery before.
And he told me he didn't do it..
He said i had done plenty before and after that incident but i did not do that EXACT one.

It's context..

In 2050, USD and EUR will be shit nothing, smart people will have put a % of their savings in BTC, metals and asian money will be half of the pie. Print this post.

Currently about 6 billion people in the world still use cash. They are the future, because the have:

1. The youth.
2. Not the retirees.
3. Not the debt.
4. Not the massive social system, taxes, and unfunded liabilities.
5. Not the destroyed family unit and reproduction.

What they adopt is what rules the world.

Already in Hong Kong, most everyone swipes a digital card to pay most transactions. I was there in January 2014.

India recently started to move towards adopting a digital currency and digital tagging of all the population.

The model predicts the financial capital of the world will shift to Shanghai and the developing world.

http://armstrongeconomics.com/2014/08/05/the-shift-from-west-to-the-east/



Now fuck off with your nonsense, ill-informed, Butthurtcoin posts.

The window of opportunity is closing while you all stroke your useless (bankrupt) Caucasian pride.

Butthurtcoin is pushing the nation-states to adopt their own national digital currencies, while Butthurtcoin is scaling too slow to be a ubiquitous replacement. And Butthurtcoin is failing and falling under control of a rich boys club.


You are so naive. The people in the developing world could give a rats ass about our idealism and problems with bloated socialism. They don't have high taxes, bloated social systems.

They need to get paid to buy food. They will accept payment in what ever they are paid with. They are already adopting oDesk which they can withdraw with their ATM card. The governments will plug their digital currencies into this.

I hope everyone realizes I was correct when I wrote "Bitcoin : The Digital Kill Switch" in March 2013.

Don't you see? The powers-that-be planted Bitcoin in order to force the nation-states to adopt their own digital currencies.

Thud! It just hit my consciousness.

What do you mean "no longer"?  Your only purpose here is to promote anonymint, so you obviously have a vested interest in distrusting your competitor Bitcoin, and have done so from the moment you joined this site.

I am no longer able to completely trust the security in Bitcoin:

https://bitcointalksearch.org/topic/m.3328064

http://esr.ibiblio.org/?p=5044

“This kind of communication cannot be defeated by future advances in computing power, nor new mathematical algorithms, nor fancy new engineering,”

This is a very important issue, because Bitcoin-like currencies store encrypted records in the blockchain forever. Even if one anonymizes using ring-signatures as I propose, that is secure for now, but in some future time, the NSA might have the power to break into those past records.

One hopes that future time would be decades so that the data would be too stale to be a threat. But with the rise of quantum computers, that future time could come sooner. This is something I want to study more and see if I can come up with a near-term reasonable strategy.

> You probably already know about this...Toshiba has invented a quantum
> cryptography network that even the NSA can’t
> hackhttp://qz.com/121143/toshiba-has-invented-a-quantum-cryptography-network-that-even-the-nsa-cant-hack/

B(asic)Miner and klee, unfortunately I don't have time to work on it right now, because I am coding a new computer language Copute:

http://copute.com/dev/docs/Copute/ref/compiler/Xtext/

https://groups.google.com/forum/#%21topic/scala-debate/LWBz3-Q0pNI

But someone has contacted me anonymously and I am advising them anonymously and they will begin work on it. I am very happy this person has taken my advice and decided to use Scala with JNI in C for any time-critical sections, so I hopefully can make contributions to the effort. I am eager to see if this person is legit. The skills he/she has claimed are sufficient.

I am under the impression the person comes from the Scala world, and contacted me because I was pushing to use Scala for the coding starting from Bitcoinj as a reference source.

If anyone wants to join this effort, contact me. Feel free to be anonymous or not. But please only if you are a top caliber programmer. I have suggested that it be premined a few % only (and then turn it over to the community), to pay those who helped develop it and fund bounties for more development on it.

I don't think it is necessary to heavily bash Bitcoin. Bitcoin is helping create the market, i.e. we need them. I think the anonymity and the PC mining will be enough to drive the excitement. They key is how to do the anonymity correctly such that even he bad boys can't packet filter it.

I hope you all have seen my posts about how to get your electricity at very low-cost and how we can decentralize energy of the world with this new coin:

https://bitcointalksearch.org/topic/m.3090924

Please realize that programming is by nature very tediously detail-oriented (tsuris) and thus slow. I am not standing still. I am not only talking.

Yeah but why is Russia not going to participate?

Because Russia also wants the Middle East to fall into chaos, so that they won't receive that competition for oil and gas pipeline to Europe.

Russia is pretending to be the good guy to gain international power, yet they also want the USA to attack, but they want to be in public position of being against it, so when they profit from oil, no one will accuse them.

Harboring Snowden is to gain that appearance of being against the USA.

In fact, the oil powers want to have monopoly on oil and want to put the M.E. into chaos, as they ramp up production in the USA (Russia has its production with a strong military to protect it) and interfere with production any where else in the world, e.g. Spratly Islands in South China / West Philippines Sea, in Nigera, Middle East, Venezuela, etc.

---

> I thought about this scenario several times and was
> not convinced it has a high degree of probability.The
> level of destruction you describe would destroy the
> already teetering global economy and unleash chaos in
> the developed world.  I don't believe TPTB are able or
> willing to simultaneously risk a battle on the home front
> and international conflict, esp. at a time when public
> consciousness is about to reach a tipping point.

They need to blame the economic implosion coming on something. Better to blame it on Obama, than the banks.

I pretty sure about this. They always planned to sacrifice Obama, as they did Hitler.

> Of course, it's important to consider all possibilities.
> I strongly suspect that many times Russia straddles the
> globalism framework and might routinely cooperate in the
> geopolitical theater.  I did warn today in comments on the
> Syria issue that we should be aware that the worlds' elites
> might cooperate to share M.E. power and profits and in the
> process come to an agreement to control the masses in their
> global techno fascist surveillance prison.  That being said,
> I don't think the Russians want to be bootlickers for western
> elites, especially after the way they were humiliated when their economy collapsed - made to grovel.  Let's hope egos and
> centuries of mistrust force a compromise of a multipolar world,
> that would give us some breathing room. As I said before, maybe
> plan B is to foment unrest in the Gulf monarchy states.  That
> would work out well for the western elites and Russia, plus
> Russia's satellite Syria would be spared.  Maybe what is
> happening now is the big set up for "plan B," the expected
> compromise (kind of Hegelian too).  That would be very slick
> and the staging has the trademark appearance of Brzezinski et al.

It is possible Syria and Saudi will be spared, but how do you get chaos in the Middle East to both provide distraction about the economy and also to give the USA a monopoly on energy without chaos in Syria (thus Iran, Israel, etc)?

Would it be possible if we had a preliminary input document for the design of this project?
A Requirement Specification, Modeling Framework, Implementation Proposal whatever?

Then you (and others) could modify it until it's stable and move on to the next stage towards coding.

It would be the next logical step after this thread which is awesome but things need to be a bit more concrete IMHO.

Of course you may already have started this on your own and I do know that you are a lonely coder but it would be great if you could let us watch this project evolving and feeling the honor and pleasure to help a bit with it!

Cheers. 

I agree with all of your points and hope you will not just talk about it, but get some people together and do something with it, too.  If you create a new competitor to Bitcoin, let us know so we can be the first one's to buy a lot of coins up early, while they're cheap.  Also, you will help save the poor, people who already have normal computers, as they will be able to stay in the mining game without having to have money they don't have to upgrade to Asics which hardly ever get shipped anyway.  We would be essentially all making money right now, instead of being slaves to some new hardware like Sony playstation fanboys waiting in line with tents on the open street to be the first to buy a box. 

You'll need to make a video saying why Bitcoin is bad overall to introduce why yours is even better.  And you should let people who have Bitcoins now trade them (for a limited time) for your coins who wish to get out of Bitcoins and into your coin, whatever it is to be.  Then you cash those out and buy stock in your own coins with it to drive up the value.  Just some thoughts.  I like where you're going with this:  I am FOR anything that helps DEFEAT the NWO and the psychotic cleptocrats running the military industrial complex which is heading us all toward global slavery.  Thanks!

http://www.nestmann.com/civil-forfeiture-of-cash-it-could-happen-to-you

An alternative goal could be to shut off M.E. energy to give control to the big oil companies who control USA natural gas.

I don't know if the USA has plans to ship LNG into Europe from Louisiana. Seems easier to reach Europe from there, and then use BP's pipeline across the USA to ship LNG a shorter distance from west coast to Asia.

The elite have options.

Saudi is one of those countries with an exploding population, and thus if you shut off oil income, the entire M.E. can go fundamentalist chaos.

I had understood the plan was to topple Syria and Yemen before Saudi Arabia. First they wanted to suck Saudi Arabia in as doing these illegal activities, then it can revealed in a Wikileaks to turn the wrath of Arabs against Arabs.

Total chaos is indeed I think the more likely master plan.

It is obvious that Halliburton, BP et al have been preparing for a major future for exporting LNG and raising production levels with fracking. Halliburton (Dick Cheney) invented fracking.

> I still think the Syria issue could remain an indefinite impasse for quite
> some time.
> I also think there could be a bargain being set up where Russia and Iran
> maintain some autonomy while the monarchies of Saudi Arabia, Qatar, and
> Bahrain are allowed to be overthrown.  Saudi Arabia is in the crosshairs,
> the neoliberals are setting up the taken down in the MSM and using
> gatekeeper writers in the alternative media.  If my suspicions are
> correct, then this would be a very slick and convoluted move that few
> could have guessed - a fascinating twist.

Armstrong correctly explains that it is the depth-of-liquidity that maintains a reserve currency:

http://armstrongeconomics.com/2013/09/05/behind-the-curtain-why-syria-must-go-it-is-gas-this-time/

But that misses the point of what maintains the depth-of-liquidity.

The reason the dollar is now the reserve currency is because the international capital fled from Europe in the early 1900s to the USA. The USA became the dominant financial center with the rise of New York in the 1950s.

Capital fled from socialist (big government) Europe to capitalist (small government) USA, because the large government (as % of GDP) model was bankrupt and could only steal capital, not support return-on-investment.

However, if you are in control of the levers of the reserve currency and the immense power it yields, how do you prevent upstart economies from gaining the economy-of-scale to challenge the liquidity of the global reserve currency?

Well you make sure they always need to pay their major expenses in the reserve currency, thus you drain their productivity back to the liquidity of the reserve currency.

In the developing countries, food and energy are 30+% of the average families' budget. Cost of food derives from energy (fertilizer, tractors, and delivery to market). Thus if you price energy in the reserve currency, you keep the developing countries on the hamster wheel.

Now the big change coming after this sovereign crisis is that the reserve currency won't be a particular nation's currency, rather it will be an SDR attached to a basket of assets (which the elite can manipulate in price via their control of energy) which all nations' currencies float against.

Thus no nation will be able to sell international bonds in their national currency and will be completely enslaved by the elite.

I believe there is an elite cartel who are members of coordination groups, e.g. Bilderberg, Trilateral commission, Council on Foreign Relations, etc..

I believe that the dollar is the reserve currency (i.e. global unit-of-account) because most of the world's exported energy is priced in dollars.

I believe this cartel understands that the only solution to sovereign debt crisis is a new global SDR unit-of-account which is tied to a basket of assets and is independent of sovereign fiscal policy, i.e. all countries' currencies will float against these coming SDRs. Thus governments will run too high of debts, will be slave to the controller of the SDRs, as Europe's nations are now slave to the Euro controllers.

I believe the only way to force the world to use a global unit-of-account is to require it for purchases of things everyone needs, e.g. energy and global taxes (i.e. carbon credits). Anthropogenic Global Warming (AGW) is well known to be a fraud. It was popularized by elite controlled mass media and I believe ostensibly for the above purpose.

Thus the issue in the Middle East is that some countries refuse to join this plan and want to remain independent of it. Thus the plan that General Wesley Clark stated was in effect 20 days after 9/11, which is to overthrow 7 M.E. countries.

I thus believe the point of all this is to route control over energy supplies to those who follow the plan of this elite cartel.

Thus I don't believe the elite cartel is failing or losing power. I believe they will be even more powerful after the sovereign crisis is resolved in favor of this new SDR solution.

I am disappointed that Martin Armstrong does not write about or appear to share this perspective, i.e. he thinks the "Club" are idiots who can't tie their shoelaces and destined for failure and he things something like SDRs is necessary and good solution. For that reason, I am not sure if he is naive, complicit, or more knowledgeable than me.

For this reason, I think something like a better Bitcoin is the only savior of mankind at this point. Nevertheless, I am a pragmatist and recognize that I may just not have the correct perspective on human progress, cooperation, and the future.

uh are you describing banks OP?

Bitcoin's blockchain can scale if it is run by big corporations, which is what I've read that Satoshi suggested for the future and what the core devs of Bitcoin acknowledged. The link to that is some where buried upthread.

I never asserted with complete certainty that Bitcoin was designed to fail on purpose. I suspect it, based on several design decisions which doom Bitcoin.

The government is trying to regulate Bitcoin. They will probably feel more comfortable with it growing if they can successfully regulate it, which they can, because of the mistakes in Bitcoin's design.

If Bitcoin fails, the government can offer its own solution, similar but even better suited to their control. They can nurture Bitcoin once they are confident they can control it with regulation, then they can kill and morph it with the same powers.

It is never about blatant theft in plain view, rather always stealthy means of control over global wealth.

---

Bitcoin is already implemented and is decentralized. It is lacks some
essential features:

1. The blockchain can't scale to Visa-scale transaction volume. I know a
blockchain design that can so scale.

2. The blockchain shows an eternal public history of who paid whom, i.e.
it is less private than regular banking and not anonymous. I have devised
a solution.

3. The hash employed in the Proof-of-Work which gives it decentralized
security against double-spends, is 100-1000 times more efficient on
specialized hardware (ASICs or FPGAs) which eliminates the use of the
personal computers of the masses to back the network and participate in
the mining (of new coins) rewards. Thus Bitcoin could more easily fall to
a deep-pockets attacker. If any entity gains 50+% of the hash power, they
can control the system. I have devised a hash which should be resistant to
ASICs and make the RAM memory in our PCs the major capital input to
hashing power.

4. Bitcoin has nothing in its design to be resistant to packet filtering
that governments could do to attempt to shutdown the processing of the
blockchain. I have devised a solution.

5. Bitcoin stops the debasement (mining of new coins) in 2033 (will
drastically decreases in the 2020s), yet all security comes from funding
mining. Transaction fees won't be sufficient to guard against 51% attack.
I have proposed a 5% perpetual debasement, since that is the average rate
of growth of nominal GDP and wages in the USA fropm 1790 to present.

6. Bitcoin forces waiting 60 minutes before a transaction can be trusted
to not double-spend, and up to 24 hours (100 blocks) to be very very sure.
I and others have proposed a 0-confirmations secure instant transactions
optional feature for a competitor that might arise to Bitcoin.

There are many other smaller issues...

lol