Well dudes, I am bowing out from this forum.
I have nothing more to contribute, and this place is toxic as others have noted.
The world is fucked and nobody can fix it.
Peace bros
Topic: Economic Totalitarianism - page 17. (Read 345758 times)
How is your 666 TrojanHorse ButtCON investment going to protect you in the upcoming nation-states collapse and 666 lurch to eliminate cash and institute expropriation?
Bend over my friends and prepare to take it deep.
Agreed. They are Rube Goldberg designs.
Of egregious note, is that SegWit delegates validation to centralized nodes who then have control over which transactions are accepted, thus very easy to implement the 666 ChainAnchor plan from MIT. And SegWit involves trust without verification of validation, thus puts Nash equilibrium on more shaky foundation wherein we trust centralization, i.e. Blockstream is moving Bitcoin towards a fiat system. It appears the Chinese mining cartel and Blockstream are in bed together because you can note that the Chinese cartel used the lame and technically incorrect excuse that the Great Firewall of China prevented them from approving larger block size increases of Bitcoin XT and Classic. But what is really going on, is as explained in my discussion with Professor Jorge Stolfi, that the Chinese cartel wants to be able to control the block size increase so as to maximize the equation for transaction fees.
Bend over my friends and prepare to take it deep.
Side chains are nasty hacks that add more problems than they solve, as is the lightning network, segwit and all the other "work arounds".
Agreed. They are Rube Goldberg designs.
Of egregious note, is that SegWit delegates validation to centralized nodes who then have control over which transactions are accepted, thus very easy to implement the 666 ChainAnchor plan from MIT. And SegWit involves trust without verification of validation, thus puts Nash equilibrium on more shaky foundation wherein we trust centralization, i.e. Blockstream is moving Bitcoin towards a fiat system. It appears the Chinese mining cartel and Blockstream are in bed together because you can note that the Chinese cartel used the lame and technically incorrect excuse that the Great Firewall of China prevented them from approving larger block size increases of Bitcoin XT and Classic. But what is really going on, is as explained in my discussion with Professor Jorge Stolfi, that the Chinese cartel wants to be able to control the block size increase so as to maximize the equation for transaction fees.
How do you calculate that Blockstream is for small blocks 
Blockstream is for making sure they and the Chinese mining cartel control how fast the block size increases, so they can squeeze maximum transactions fees that the market will bear. You could read the Reddit discussion between Professor Jorge Stolfi and TPTB_need_war, which explained this.
And SegWit is all about centralization of validation, so that we get a 666 enslavement system. Do you think the powers-that-be invested $70 million in Blockstream for no reason. Come on. You don't think (Mr. ZIRP and Russian oligarchy maker) Larry Summers (who is on the board of 21 Inc.), Peter Thiel (BitPay, gifted $100k to Vitalik @ Ethereum, etc), and other banksters elite are in on that. Come on.
There is only one possible way you defeat those bastards. And that is to make something so popular, that can't be centralized. Once it is very popular, they will have a difficult time taking it away from the people.
Even the French presidential candidate Le Pen, is advocating banning Bitcoin because she has realized AnonyMint was correct in 2013 when he wrote Bitcoin : The Digital Kill Switch:
http://www.coindesk.com/french-presidential-hopeful-bitcoin-ban/
Some people are starting to realize that Bitcoin is a Trojan Horse planted to force nation-states off of cash and into a digital enslavement.
Blockstream is for making sure they and the Chinese mining cartel control how fast the block size increases, so they can squeeze maximum transactions fees that the market will bear. You could read the Reddit discussion between Professor Jorge Stolfi and TPTB_need_war, which explained this.
And SegWit is all about centralization of validation, so that we get a 666 enslavement system. Do you think the powers-that-be invested $70 million in Blockstream for no reason. Come on. You don't think (Mr. ZIRP and Russian oligarchy maker) Larry Summers (who is on the board of 21 Inc.), Peter Thiel (BitPay, gifted $100k to Vitalik @ Ethereum, etc), and other banksters elite are in on that. Come on.
There is only one possible way you defeat those bastards. And that is to make something so popular, that can't be centralized. Once it is very popular, they will have a difficult time taking it away from the people.
Even the French presidential candidate Le Pen, is advocating banning Bitcoin because she has realized AnonyMint was correct in 2013 when he wrote Bitcoin : The Digital Kill Switch:
http://www.coindesk.com/french-presidential-hopeful-bitcoin-ban/
Some people are starting to realize that Bitcoin is a Trojan Horse planted to force nation-states off of cash and into a digital enslavement.
How about a domestic violence tax, sadly I am not kidding..
And if you don't support their theft you obviously enjoy beating your spouse.
http://www.9news.com.au/national/2016/06/08/12/08/act-government-announces-domestic-violence-tax
And if you don't support their theft you obviously enjoy beating your spouse.
http://www.9news.com.au/national/2016/06/08/12/08/act-government-announces-domestic-violence-tax
Hehe crazy times man!
Just a short interesting video I found, mans attempt at re-writing the 10 commandments!?
http://www.youtube.com/watch?v=lePrBUHihKI
Just a short interesting video I found, mans attempt at re-writing the 10 commandments!?
http://www.youtube.com/watch?v=lePrBUHihKI
Invest in popcorn and enjoy the show 
It is absolutely impossible to argue with your statement. Unquestionable logic.
I just noted that BTC crossed over $700. Gold just got cheaper. Or whatever. Whee!?
!!
Invest in popcorn and enjoy the show
...
iamnotback
Of course that won't work, it's really more of a joke in the gold community. I fully understand that they can "Armstrong" (contempt of court) anyone that "they" (TPTB) so desire. And for almost any reason.
Still, as I asked in the Armstrong thread, I would be interested in your views on relative strength of gold vs. BTC as assets in the grim times ahead. I am re-thinking my "preparations", I am fishing for a better & more comprehensive strategy.
The run-up in BTC price over the past few days has been a gift for anyone looking to buy gold with excess BTC...
iamnotback
Of course that won't work, it's really more of a joke in the gold community. I fully understand that they can "Armstrong" (contempt of court) anyone that "they" (TPTB) so desire. And for almost any reason.
Still, as I asked in the Armstrong thread, I would be interested in your views on relative strength of gold vs. BTC as assets in the grim times ahead. I am re-thinking my "preparations", I am fishing for a better & more comprehensive strategy.
The run-up in BTC price over the past few days has been a gift for anyone looking to buy gold with excess BTC...
Using crypto is walking the walk.
Not really:
Second, having seized a wallet with a password they can just keep it until you prove it [the wallet, not yourself] is innocent. Yes, you can move your funds off the phone and let them have the phone and just walk away with your Bitcoins and replace your phone.
However there are two scenarios in which this is not the case:
1) if you are arrested at the time of the seizure
2) if they manage to find out you moved their new funds off their new phone after they seized the phone
If you refuse to give them the password or the moved funds you can be charged with contempt of court and be placed in jail until you give them the password or the funds. This is a pretty big hassle for them and a lot more work than just taking cash, pre-paid cards, unprotected Bitcoins, etc. so they would have to think the possible profit worth the effort so the amount of, or their perception of, the amount comes in to play.
The "good" news is that this would involve having to arrest and charge you with something so you start to have some rights in the process, can hire an attorney, go to court, etc.
The bad news is that contempt of court charges can not be appealed. Also for all practical purposes there is no time limit for a contempt of court charge. They can give you 30 days, bring you back to court, if you refuse again - another 30 days, rinse and repeat as long as they want.
However there are two scenarios in which this is not the case:
1) if you are arrested at the time of the seizure
2) if they manage to find out you moved their new funds off their new phone after they seized the phone
If you refuse to give them the password or the moved funds you can be charged with contempt of court and be placed in jail until you give them the password or the funds. This is a pretty big hassle for them and a lot more work than just taking cash, pre-paid cards, unprotected Bitcoins, etc. so they would have to think the possible profit worth the effort so the amount of, or their perception of, the amount comes in to play.
The "good" news is that this would involve having to arrest and charge you with something so you start to have some rights in the process, can hire an attorney, go to court, etc.
The bad news is that contempt of court charges can not be appealed. Also for all practical purposes there is no time limit for a contempt of court charge. They can give you 30 days, bring you back to court, if you refuse again - another 30 days, rinse and repeat as long as they want.
They kept Martin Armstrong in jail for 7+ years on contempt of court.
The problem is once they do the forensics on your mobile phone and realize you have not given them all the passwords, they will eventually force you to give them all, and then they will be able to track down that you moved funds. Then they will force you to give back those funds, else hold you in contempt of court forever until you do.
Do not keep access to large funds on the mobile phone you carry with you!
I think there might be an even better way. You'd encrypt your password to a public key. At the destination you'd decrypt it with password you had stored at that location. Or just spend the Bitcoins to the new destination address. The point is don't travel with your passwords to large funds.
Don't forget BitCON is centralized mining and thus it will also likely be confiscated with G20 control over the block chain.
In regards to the centralization of Bitcoin, he now works for the Media Lab at MIT, who has just come out with a controversial concept known as ChainAnchor... ChainAnchor would coerce miners to not allow transactions that do not have the identities of the users of Bitcoins tied to their transactions and wallets, defeating the peer-to-peer, identity-protecting foundation of Bitcoin itself.
Where did you get that picture of my family? Calling them nutcases, you have the nerve...
My family is much better prepared than I am, as you can see. Alas, in my case, my guns (ammo too) were lost in a boating accident, why a year ago IIRC. Rather than get the police all riled up about guns out there at the bottom of the sea, I thought I would just let them corrode away. Most unfortunate.
Oh, I lost all my precious metals on the same boat-ride. And everyone told me that it was so much better to take all that stuff with me rather than leave it all behind in some dark place at home. How naive. Now I have to start over.
My family is much better prepared than I am, as you can see. Alas, in my case, my guns (ammo too) were lost in a boating accident, why a year ago IIRC. Rather than get the police all riled up about guns out there at the bottom of the sea, I thought I would just let them corrode away. Most unfortunate.
Oh, I lost all my precious metals on the same boat-ride. And everyone told me that it was so much better to take all that stuff with me rather than leave it all behind in some dark place at home. How naive. Now I have to start over.
I'm sorry to hear about your loss. Indeed, boating accidents seem to be rather common now. And I had always thought that carrying around my precious and my weapons was a good idea rather than leaving them in some dark hidey-hole at home.
In my case though, I lost all of that while ice-fishing in Minnesota last winter. I even forget which lake. Bummer!
That is not going to work. They will throw you in jail, until you tell them where your gold is. They are not going to believe you lost in the lake.
If you really want to hide assets, there better not be any record of obtaining the assets.
End Game, Gold Investors Will Be Destroyed, June 15, 2010
Bitcoin: The Digital Kill Switch, March 29, 2013
We're sliding into the next Holocaust...
https://www.desertsnow.com/pages/view/6
Now most of the stuff they have to do and seize to get the award could be argued as "a good thing" but this requirement:
is a little bit shady.
When I was arrested the prosecution asked that I be incarcerated without a bond hearing for the maximum time allowed under the Patriot act, six days. One of the reasons for this pre-bond hearing incarceration was to make sure I did not move my funds before they had a chance to find them. They were very concerned that I might move my Bitcoins out of seized wallets on seized computers before they had a chance to find them all and move the Bitcoins to their own wallet.
...
By the time I was released on bond they had found and had moved most of my Bitcoins, the Bitcoins I was holding for my non-tech savvy parents, and some other Bitcoins that were not mine (was holding for a friend until he got his own Trezor.
...
By the time I was released on bond they had found and had moved most of my Bitcoins, the Bitcoins I was holding for my non-tech savvy parents, and some other Bitcoins that were not mine (was holding for a friend until he got his own Trezor.
...
This sharing of the loot with the vendor is actually par for the course. Remember that traffic light cameras are often operated with a cut going to the vendor and the rest going to the government. Also here is another example, also from Oklahoma, of a vendor getting a cut of the loot:
The entire article is worth a read and is very chilling:
http://www.washingtonpost.com/sf/investigative/2014/09/07/police-intelligence-targets-cash/
ASIDE: you can see if Desert Snow has recently or will soon be training the cops in your area here:
https://desertsnow.com/conferences
...
If you refuse to give them the password or the moved funds you can be charged with contempt of court and be placed in jail until you give them the password or the funds...
The bad news is that contempt of court charges can not be appealed. Also for all practical purposes there is no time limit for a contempt of court charge. They can give you 30 days, bring you back to court, if you refuse again - another 30 days, rinse and repeat as long as they want.
This sharing of the loot with the vendor is actually par for the course. Remember that traffic light cameras are often operated with a cut going to the vendor and the rest going to the government. Also here is another example, also from Oklahoma, of a vendor getting a cut of the loot:
Quote
In January last year, David hired himself and his top trainers out as a roving private interdiction unit for the district attorney’s office in rural Caddo County, Okla. Working with local police, Desert Snow contract employees took in more than $1 million over six months from drivers on the state’s highways, including Interstate 40 west of Oklahoma City. Under its contract, the firm was allowed to keep 25 percent of the cash.
The entire article is worth a read and is very chilling:
http://www.washingtonpost.com/sf/investigative/2014/09/07/police-intelligence-targets-cash/
ASIDE: you can see if Desert Snow has recently or will soon be training the cops in your area here:
https://desertsnow.com/conferences
...
If you refuse to give them the password or the moved funds you can be charged with contempt of court and be placed in jail until you give them the password or the funds...
The bad news is that contempt of court charges can not be appealed. Also for all practical purposes there is no time limit for a contempt of court charge. They can give you 30 days, bring you back to court, if you refuse again - another 30 days, rinse and repeat as long as they want.
That piece on Desert Snow is pretty interesting, just finished reading it... It's odd that a system like Black Asphalt runs freely online.
Not only that but they give out awards to their students and LEO will use these awards on their resumes. https://www.desertsnow.com/pages/view/6
Now most of the stuff they have to do and seize to get the award could be argued as "a good thing" but this requirement:
Quote
*QUALIFIED INCIDENTS / SEIZURES:
US Currency – Successful forfeiture of more than $5,000
US Currency – Successful forfeiture of more than $5,000
is a little bit shady.
I knew I had found one of the Royal Knights at one point. Found him again, Royal Knight #13:
It is a major accomplishment, not easy to do, and I am sure he is very proud of it.
http://www.bernalillocountysheriff.com/cmdstaff.html
Quote
Inducted as Royal Knight #13 of the Black Asphalt (2009)
It is a major accomplishment, not easy to do, and I am sure he is very proud of it.
http://www.bernalillocountysheriff.com/cmdstaff.html
"I don't expect my pension to be there when I retire".
It won't be. With 0% or negative interest rates, where do you think the funds will go if they have no yield to pay new generations?
Not to mention the decreases in birth rates, and the decreases in jobs all over the world.
This world is going shit very fast, and fiat money is all responsible for it.
Recent comments here on asset seizure seem wide of the mark.
The problem is political. If you want something done, other
than an arbitrary tax on bitcoin, publicly challenging
your local elected up close and personal - something like
"Hey Jimmy - where's my money?" - should work.
A similar process is underway in Europe as I write. The
Germans (via Der Spiegel) have woken up to some of the
consequences of a Brexit. Which may help explain a sudden
20% increase in the price of bitcoin and a couple of
random memories seemingly related to the EC:
Back in the day, when school closed for summer, I spent
some time in an amusement arcade. One of the booths
played music. You dropped a coin in the slot, the
six or seven marionettes swayed, waved their arms and
beat the drums, and the music played for a while. Then
it stopped, waiting for another coin. The EU is much
the same, except the tune is "Hotel California".
Some years later, I had a new job, in a new town, and
my employer arranged a week's lodgings for me. I'd
got unpacked and went down to the TV room. A football
match was on the TV, everyone was very welcoming, and
I settled down to watch the rest of the match.
That's when the TV went off, shrinking to a small white
dot in the middle of the screen.
Everyone in the room turned and looked at me. I had
sort of noticed that there was something odd on the
side of the TV. It was now clear that this was a pay
per view arrangement, and as the "new guy" it was my
turn to pay. A coin the slot restored "normality".
Germany is waking up to the knowledge that once the UK
leaves, other nett contributors to the Bureaucracy
masquerading as Empire may want to form a disorderly
queue to exit.
Even worse, Mr Cameron's Project Fear has opened the
Can of Worms marked "Pensions". Europeans may be about
to discover just how big the hole below the waterline is.
Quote from a young Analyst in 2015 "I don't expect my
pension to be there when I retire".
The problem is political. If you want something done, other
than an arbitrary tax on bitcoin, publicly challenging
your local elected up close and personal - something like
"Hey Jimmy - where's my money?" - should work.
A similar process is underway in Europe as I write. The
Germans (via Der Spiegel) have woken up to some of the
consequences of a Brexit. Which may help explain a sudden
20% increase in the price of bitcoin and a couple of
random memories seemingly related to the EC:
Back in the day, when school closed for summer, I spent
some time in an amusement arcade. One of the booths
played music. You dropped a coin in the slot, the
six or seven marionettes swayed, waved their arms and
beat the drums, and the music played for a while. Then
it stopped, waiting for another coin. The EU is much
the same, except the tune is "Hotel California".
Some years later, I had a new job, in a new town, and
my employer arranged a week's lodgings for me. I'd
got unpacked and went down to the TV room. A football
match was on the TV, everyone was very welcoming, and
I settled down to watch the rest of the match.
That's when the TV went off, shrinking to a small white
dot in the middle of the screen.
Everyone in the room turned and looked at me. I had
sort of noticed that there was something odd on the
side of the TV. It was now clear that this was a pay
per view arrangement, and as the "new guy" it was my
turn to pay. A coin the slot restored "normality".
Germany is waking up to the knowledge that once the UK
leaves, other nett contributors to the Bureaucracy
masquerading as Empire may want to form a disorderly
queue to exit.
Even worse, Mr Cameron's Project Fear has opened the
Can of Worms marked "Pensions". Europeans may be about
to discover just how big the hole below the waterline is.
Quote from a young Analyst in 2015 "I don't expect my
pension to be there when I retire".
Where did you get that picture of my family? Calling them nutcases, you have the nerve...
My family is much better prepared than I am, as you can see. Alas, in my case, my guns (ammo too) were lost in a boating accident, why a year ago IIRC. Rather than get the police all riled up about guns out there at the bottom of the sea, I thought I would just let them corrode away. Most unfortunate.
Oh, I lost all my precious metals on the same boat-ride. And everyone told me that it was so much better to take all that stuff with me rather than leave it all behind in some dark place at home. How naive. Now I have to start over.
My family is much better prepared than I am, as you can see. Alas, in my case, my guns (ammo too) were lost in a boating accident, why a year ago IIRC. Rather than get the police all riled up about guns out there at the bottom of the sea, I thought I would just let them corrode away. Most unfortunate.
Oh, I lost all my precious metals on the same boat-ride. And everyone told me that it was so much better to take all that stuff with me rather than leave it all behind in some dark place at home. How naive. Now I have to start over.
I'm sorry to hear about your loss. Indeed, boating accidents seem to be rather common now. And I had always thought that carrying around my precious and my weapons was a good idea rather than leaving them in some dark hidey-hole at home.
In my case though, I lost all of that while ice-fishing in Minnesota last winter. I even forget which lake. Bummer!
kiklo,
Although I plan on adding a form of anonymity (a new design I discovered a few weeks ago) which I think is more realistic (scalable and doesn't need Tor/I2P) than Zcash, Monero, and Dash, I don't view that as the main feature necessary to overcome the 666 problem in front of us. Nor is anonymity for the mass adoption. Anonymity is going to be there for when you need privacy. If the NSA wants to track what you are doing, it will be almost impossible for you to obscure all the metadata with any anonymity design. The most determined can probably be anonymous to the NSA, but not the masses. For the masses, they just need privacy from hackers.
Per the 2014 quote of AnonyMint in my prior post, I believe the way to overcome is to enable zillions of instant microtransactions and to make the block chain not trend towards centralization (all the block chain designs so far do trend to centralization). In this way, the people will do so many minute transactions and it will be done in a decentralized context, so there is no way to really control it.
The scaling required can't be done with any design that has been promulgated so far that I have seen.
Make it uber popular, decentralized, and make the transaction size so small that it would cost the government orders-of-magnitude more to document every transaction than they could steal with taxes. Given decentralized nodes for consensus, the government can't really regulate the nodes, they must regulate the users.
Take away the honeypot of profit, then the crocodiles go some where else. Let them have their expropriation with Bitcoin and fiat. We go bifurcate the economy.
This has been AnonyMint's plan since 2014 when he first discussed with CoinCube bifurcation of the economy as the debt laden old world Industrial Age collapses, and we usher in a new Knowledge Age.
Finally now all the technology necessary has come into clear view. And AnonyMint is healthy enough to code.
Yeah Litecoin+Coinbase may have a role to play in that old world fiat collapse clusterfuck.
P.S. For those who believe in the Biblical, I think it says the 666 is a mark and implant into our bodies. I believe this may support the notion that the overlords won't succeed by regulating only the nodes, and they will have to regulate each and every human. So maybe it is not yet time for the overlords to win. Maybe we the people do win this time.
Although I plan on adding a form of anonymity (a new design I discovered a few weeks ago) which I think is more realistic (scalable and doesn't need Tor/I2P) than Zcash, Monero, and Dash, I don't view that as the main feature necessary to overcome the 666 problem in front of us. Nor is anonymity for the mass adoption. Anonymity is going to be there for when you need privacy. If the NSA wants to track what you are doing, it will be almost impossible for you to obscure all the metadata with any anonymity design. The most determined can probably be anonymous to the NSA, but not the masses. For the masses, they just need privacy from hackers.
Per the 2014 quote of AnonyMint in my prior post, I believe the way to overcome is to enable zillions of instant microtransactions and to make the block chain not trend towards centralization (all the block chain designs so far do trend to centralization). In this way, the people will do so many minute transactions and it will be done in a decentralized context, so there is no way to really control it.
The scaling required can't be done with any design that has been promulgated so far that I have seen.
Make it uber popular, decentralized, and make the transaction size so small that it would cost the government orders-of-magnitude more to document every transaction than they could steal with taxes. Given decentralized nodes for consensus, the government can't really regulate the nodes, they must regulate the users.
Take away the honeypot of profit, then the crocodiles go some where else. Let them have their expropriation with Bitcoin and fiat. We go bifurcate the economy.
This has been AnonyMint's plan since 2014 when he first discussed with CoinCube bifurcation of the economy as the debt laden old world Industrial Age collapses, and we usher in a new Knowledge Age.
Finally now all the technology necessary has come into clear view. And AnonyMint is healthy enough to code.
Yeah Litecoin+Coinbase may have a role to play in that old world fiat collapse clusterfuck.
P.S. For those who believe in the Biblical, I think it says the 666 is a mark and implant into our bodies. I believe this may support the notion that the overlords won't succeed by regulating only the nodes, and they will have to regulate each and every human. So maybe it is not yet time for the overlords to win. Maybe we the people do win this time.
It won't be long before they can take your phone from you during a traffic stop and see if you have a Bitcoin wallet on your phone. If you do they will then confiscate your phone and you will have to prove your Bitcoins are innocent (and your phone is innocent) before they will consider giving your phone and Bitcoin wallet back to you.
This is why we will keep only an operating balance in a phone wallet.
The main balance will be a colder storage at home in a vault, or in safety deposit box. You will periodically move funds between your hot mobile wallet and your cold storage.
Btw, it really sucks what happened to you. Charge it to experience!
Where did you get that picture of my family? Calling them nutcases, you have the nerve...
My family is much better prepared than I am, as you can see. Alas, in my case, my guns (ammo too) were lost in a boating accident, why a year ago IIRC. Rather than get the police all riled up about guns out there at the bottom of the sea, I thought I would just let them corrode away. Most unfortunate.
Oh, I lost all my precious metals on the same boat-ride. And everyone told me that it was so much better to take all that stuff with me rather than leave it all behind in some dark place at home. How naive. Now I have to start over.
My family is much better prepared than I am, as you can see. Alas, in my case, my guns (ammo too) were lost in a boating accident, why a year ago IIRC. Rather than get the police all riled up about guns out there at the bottom of the sea, I thought I would just let them corrode away. Most unfortunate.
Oh, I lost all my precious metals on the same boat-ride. And everyone told me that it was so much better to take all that stuff with me rather than leave it all behind in some dark place at home. How naive. Now I have to start over.
As AnonyMint predicted back in 2013...
https://bitconnect.co/bitcoin-news/126/what-is-gavin-andresen-telling-china-chinese-ama-details-revealed
The one-time anointed king of Bitcoin by Satoshi Nakamoto himself ... When asked about his association with Blockstream, who some see as a force looking to centralize Bitcoin, he did not seem to be in alignment with their agenda...
In regards to the centralization of Bitcoin, he now works for the Media Lab at MIT, who has just come out with a controversial concept known as ChainAnchor... ChainAnchor would coerce miners to not allow transactions that do not have the identities of the users of Bitcoins tied to their transactions and wallets, defeating the peer-to-peer, identity-protecting foundation of Bitcoin itself. Andresen also is a paid technical advisor to leading Bitcoin companies like Coinbase, BitPay, and Xapo.
His commentary on the upcoming Lightning Network concept was less than glowing...
The centralized Bitcoin won't be 51% attacked bcz those controlling it will have the 666 control system they designed Bitcoin to accomplish. In the transitionary phase now, the Chinese miners will be handed lots of wealth as the process of centralizing mining proceeds. We can't say every Chinese miner today knows he is part of the ultimate plan. We can't even say the Blockstream devs know they are part of some diabolical plan. They are just trying to fix a design that can't be fixed without restarting from scratch. Compartmentalization is the modus operandi of the DEEP STATE. This is a process. The DEEP STATE that designed Bitcoin has a plan over years.
Our other hope is the system blows up technically. But that is why Blockstream is receiving so much funding, because they probably have the expertise to centralize Bitcoin sufficiently whil still being able to give some illusion of decentralization for sufficient time that Bitcoin maximalists fall into the trap, of which SegWit is a major step in that direction.
Our other hope is the system blows up technically. But that is why Blockstream is receiving so much funding, because they probably have the expertise to centralize Bitcoin sufficiently whil still being able to give some illusion of decentralization for sufficient time that Bitcoin maximalists fall into the trap, of which SegWit is a major step in that direction.
https://bitconnect.co/bitcoin-news/126/what-is-gavin-andresen-telling-china-chinese-ama-details-revealed
The one-time anointed king of Bitcoin by Satoshi Nakamoto himself ... When asked about his association with Blockstream, who some see as a force looking to centralize Bitcoin, he did not seem to be in alignment with their agenda...
In regards to the centralization of Bitcoin, he now works for the Media Lab at MIT, who has just come out with a controversial concept known as ChainAnchor... ChainAnchor would coerce miners to not allow transactions that do not have the identities of the users of Bitcoins tied to their transactions and wallets, defeating the peer-to-peer, identity-protecting foundation of Bitcoin itself. Andresen also is a paid technical advisor to leading Bitcoin companies like Coinbase, BitPay, and Xapo.
His commentary on the upcoming Lightning Network concept was less than glowing...
Re: Will Bitcoin be replaced by another cryptocurrency?
Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
If we don't stop this BitCON Trojan Horse, the freedom of mankind will decline in a 666 system of digital tracking and centralized, top-down control much worse then we had with fiat cash.
We damn well better accomplish it.
This comment:
It is not dumb that n00bs don't know the technology and game theory economics. What is dumb is when n00bs (such as the Bitcoin maximalist comments in this thread) think they know something about an issue that is far too complex for them to be comprehend without deep research that they are unwilling or incapable of doing. This is known as the Dunning-Kruger effect.
So many dumb comments in this thread by Bitcoin maximalists who will invent any excuse possible to remain in denial of the fact that
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So many dumb comments in this thread by Bitcoin maximalists who will invent any excuse possible to remain in denial of the fact that
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Applies to the following incorrect post:
Bitcoin is flawed, but these flaws can be fixed. Bitcoin is already a big step ahead of fiat currencies.
The flaws can't be fixed both for technical reasons and also because of vested inertial resistance.
And BitCON will become 666 more oppressive+totalitarian than the fiat cash we had before it:
https://bitcointalksearch.org/topic/m.15124687
https://bitcointalksearch.org/topic/m.15126064
You are supporting the destruction of the freedom of mankind. Thank you for your unwavering, radicalised dedication to your geek-cool enslavement system ideals.
I have a hard time choking back the assertion Bitcoin was designed to fail at a certain point.
I just can't wrap my head around that concept..
I just can't wrap my head around that concept..
Define "fail"?
If you define fail as the coin stops functioning or double-spending is so pervasive via 51% attack that no one will accept it, then I agree it is a ludicrous proposition that isn't very likely to happen.
Rather the designed failure of Bitcoin is to become centralized so that the elite are able to control who can transact (which is another symptom of a 51% attack) so they can implement capital controls, expropriation, and taxation, while also tracking every transaction we make so we are 666 slaves.
Bitcoin is not failing but it is failing to scale to mass adoption, and BitCON (the Trojan Horse) is failing in that it will be more oppressive+totalitarian than cash and fiat were. Why do you people have such a difficult time to understand this distinction, even I have repeated it so many times.
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I'll just chip in an observation I have come to based on my own life experiences:
Trying to predict the future is hard enough, trying to predict what changes there will be in technology (almost any technology) beyond, say, two years is nigh impossible.
While Bitcoin seems very strong to most, a lot can happen that cannot be anticipated ("Black Swans"). That is why I do not recommend BTC holdings over 1% unless you are very committed to it and don't mind the (high) risks. It is an interesting technology though, and I obviously wish it well.
I'll just chip in an observation I have come to based on my own life experiences:
Trying to predict the future is hard enough, trying to predict what changes there will be in technology (almost any technology) beyond, say, two years is nigh impossible.
While Bitcoin seems very strong to most, a lot can happen that cannot be anticipated ("Black Swans"). That is why I do not recommend BTC holdings over 1% unless you are very committed to it and don't mind the (high) risks. It is an interesting technology though, and I obviously wish it well.
The statement bitcoin is destroyed is not at all true and not gonna come true in the future. Most could have known in this seven years time how many interruptions were faced to reach this growth. So if its a failed one already it could have happened.
That is what they all thought at the peak in 1929.
It is not dumb that n00bs don't know the technology and game theory economics. What is dumb is when n00bs (such as the Bitcoin maximalist comments in this thread) think they know something about an issue that is far too complex for them to be comprehend without deep research that they are unwilling or incapable of doing. This is known as the Dunning-Kruger effect.
So many dumb comments in this thread by Bitcoin maximalists who will invent any excuse possible to remain in denial of the fact that highly centralized systems fall into the abyss of turf battles morass and BitCON is becoming the TrojanHorse coin with centralized mining control enabling the coming capital controls and expropriation of wealth by the G20:
LN ... doesn't scale well decentralized (but we may eventually get there with Bitcoin highly centralized, although being that this is fighting for who will control it, it will not come without battles as we've seen with Bitcoin Classic and XT versus Blockstream and the Chinese mining cartel):
Quote from: https://www.reddit.com/user/blessedbt
Now all we have to do is wait countless months for segwit which no doubt'll be batted around by the various parties too. Whoopee.
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The mass use case of Bitcoin is very weak because the technology doesn't scale decentralized and decentralization and permissionless qualities were the original reason to want CC instead of digital fiat, and Bitcoin is a very tiny, miniscule market right now.
The less decentralized Bitcoin is, the slower its network effects will grow. Because turf battles turn it into a morass.
ftfy
Thanks for your feedback. Hope you don't get offended if I correct your misunderstanding.
LN requires orders-of-magnitude more block chain transaction bandwidth for peak garbage collection phases, than it consumes normally. Thus you need Bitcoin to scale massively before LN can scale massively. Bitcoin can't scale without being centralized for validation and mining. That is fact well known to experts such as myself. Many people may deny it and I have no desire to argue with them.
LN also requires a few numbers of centralized servers cooperating for it to function reasonably well:
Quote from: https://www.reddit.com/user/matsjj
It uses a decentralised method of routing by everyone knowing the topology. In the future we will implement RP routing, which dramatically decreases the requirement to know the full topology of the network down to only the 24/7 online nodes.
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Yes correct. In my simulations routing with ten thousands of nodes was carried out in <1s.
That works fine with RP-Routing, because then you exclude all active participants from the routing problem and only concentrate on the passive nodes. I agree that if you take into account millions of wallets, it does get much more difficult.
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Yes correct. In my simulations routing with ten thousands of nodes was carried out in <1s.
That works fine with RP-Routing, because then you exclude all active participants from the routing problem and only concentrate on the passive nodes. I agree that if you take into account millions of wallets, it does get much more difficult.
LN can't send a payment from Bitcoin address to any Bitcoin address. It requires users establish accounts in the LN before they can be eligible, i.e. it is an opt-in system and it is not persistent.
LN is an incredibly complex Rube Goldberg kludge patched on top of an inadequate block chain design and there IS a better solution coming. You have to discard the Bitcoin block chain and Satoshi's design and start over.
In general, Bitcoin is moving towards centralization over the control of which nodes validate and thus which can do capital controls and KYC enforcement on transactions:
https://bitslog.wordpress.com/2016/01/08/spv-mining-is-the-solution-not-the-problem/
http://www.bitcoinunlimited.info/1txn/
People using Bitcoin to move funds around thinking that if they've used a mixer then they are anonymous. They will be sad to later find out that all those mixers were compromised by meta data and/or infiltration. Bitcoin is a trap laid to entrap those who are easily duped on the technological capabilities. The only known technology that might be anonymous is Monero, but there are several problems to avoid: a) Monero allows overlapping rings, so via combinatorial analysis, your anonymity might be unmasked, especially if the rings were Sybil attacked, and b) your IP address was traceable across mixes. The mitigating actions are to mix Monero numerous times (other mixers can be infiltrated so don't use them!), and to not rely on I2P nor Tor, instead use an entirely virgin device that you never use for non-anonymous Internet activity and connect over an unregistered WiFi connection and far from your normal place of residence or work. And don't bring your smart phone nor GPS tracked vehicle with you while accessing the remote unregistered WiFi hotspot.
https://www.armstrongeconomics.com/world-news/g20-blames-your-psychological-problems-for-their-failure/
“The G20 reiterates the high priority it attaches to financial transparency and effective implementation of the standards on transparency by all, in particular with regard to the beneficial ownership of legal persons and legal arrangements. Improving the transparency of the beneficial ownership of legal persons and legal arrangements is vital to protect the integrity of the international financial system, and to prevent misuse of these entities and arrangements for corruption, tax evasion, terrorist financing and money laundering.
The G20 reiterates that it is essential that all countries and jurisdictions fully implement the FATF standards on transparency and beneficial ownership of legal persons and legal arrangements and we express our determination to lead by example in this regard. We particularly stress the importance of countries and jurisdictions improving the availability of beneficial ownership information to, and its international exchange between, competent authorities for the purposes of tackling tax evasion, terrorist financing and money laundering. We ask the FATF and the Global Forum on Transparency and Exchange of Information for Tax Purposes to make initial proposals by our October meeting on ways to improve the implementation of the international standards on transparency, including on the availability of beneficial ownership information, and its international exchange.”
https://www.armstrongeconomics.com/world-news/g20-blames-your-psychological-problems-for-their-failure/
“The G20 reiterates the high priority it attaches to financial transparency and effective implementation of the standards on transparency by all, in particular with regard to the beneficial ownership of legal persons and legal arrangements. Improving the transparency of the beneficial ownership of legal persons and legal arrangements is vital to protect the integrity of the international financial system, and to prevent misuse of these entities and arrangements for corruption, tax evasion, terrorist financing and money laundering.
The G20 reiterates that it is essential that all countries and jurisdictions fully implement the FATF standards on transparency and beneficial ownership of legal persons and legal arrangements and we express our determination to lead by example in this regard. We particularly stress the importance of countries and jurisdictions improving the availability of beneficial ownership information to, and its international exchange between, competent authorities for the purposes of tackling tax evasion, terrorist financing and money laundering. We ask the FATF and the Global Forum on Transparency and Exchange of Information for Tax Purposes to make initial proposals by our October meeting on ways to improve the implementation of the international standards on transparency, including on the availability of beneficial ownership information, and its international exchange.”
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