Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 79. (Read 907231 times)

Incredible info, coinit. I buy most of it. In fact it does perfectly match all the reasonable NWO info that is out there.

You claim that Gavin is conscient that Bitcoin is a NSA creature. Could you post some link or clues to that?

Can we expect that Max Keiser, Michael Clear and Vili Lehdonvirt were part of the team that developed BTC?

coinits, thanks for you extensive post. I'm low on time, but let me pick some parts and comment...


Can you link to some docs where the IMF calls for that? I was of the impression the 'plan' of the IMF was to become the global central bank (lender of last resort) via SDR during the next step of the financial crisis. I doubt they have plans to create a truly 'unmanaged' type of digital money, but I'm open to be convinced otherwise.


Around the time many entities were investigating this. Even I came up with a scheme described in your link and it was pretty much in line with what is described there: a central trusted entity (bank) cryptographically signs tokens that can be passed around on the net between participants. Double spending is solved by asking that bank wether the token has been spent or not. So this doesn't prove the NSA/DARPA created Bitcoin any more than it proves that I created bitcoin. Hint: I didn't.


Do 'they' have my fingerprint? Probably yes: I was forced to give it when renewing my passport (german). It was promised it was only used to put it on the chip and deleted afterwards. I don't believe that one second... they have my fingerprint (or at least a deterministically derived ID). Do they potentially have my DNA/blood: hell yes, I've had labs do tests on my blood for various reasons, could've been siphoned off. Does greenaddress use any of that as a PRIMARY KEY in their database when I make an account? That's an extraordinary claim that requires extraordinary evidence beyond a simple motive. I don't believe that.

gotta go...

Whether or not Monero is a good investment (I have bought some), Risto is right that XMR is less useful as a tool of mass surveillance than Bitcoin.  It will be interesting to see whether BTC will ever be allowed to incorporate strong privacy features. I can imagine it doing so via sidechains but I can also imagine scenarios where regulators and VC strong-arm Bitcoin developers or mining pools to use only pseudo-private ledgers.

Risto

I had really hoped you would not just blindly pump.....  Monero has never been lower except last week. You have had much better days.

What do I even say to that?

I am sure that many people were thanking Jesus, and thanking other gods for the rise in price and will do so again.

I think Jesus really doesn't care about money that much.  He did say when questioned about money and who to give the Roman coins to, "Give to Caeser what is Caeser's."  The question then becomes do we "give to Satoshi what is Satoshi's?"   We don't even know who he is so that does get a bit more complicated.  Hmmmmm.  

On the way up you probably thought it was Jesus himself

Well, there is a reason to invest in Monero!  At least we know the creators are not the NSA. 

Eww. The one time I tune in you are shilling an altcoin

In the forefront of the defence against those developments: Monero (XMR). Total emission 18M vs. Bitcoin's 21M. Price: 0.0017 BTC. Hedging your position with an equal or higher amount of Monero has seldom been this cheap 

None of this shocks me.  I guess the only thing that I may have been a little deluded by is that Bitcoin was created by a single entity and was completely peer to peer. I like to imagine Satoshi as a benevolent person that has kindhearted motives of helping humanity break free from the bondage of the world's banking systems.  But of course, that would be too simple.

As a Christian I believe a "one world currency" will of course take over all currencies at some point and then all of humanity will then need to be controlled somehow (for taxes, or theft prevention and security) so the introduction of a mark on our hands or foreheads is going to be mandated to buy and sell.   To me it is just a matter of time until this happens.  Who is in charge of mandating this becomes the tricky question.    Also, as a Christian I am put into the position of paying the price for not "conforming."  It will get ugly very fast.  

And Sir Richard Branson has put himself in charge of Bitcoin: https://bitcointalksearch.org/topic/m.9165687

BEST comment here ever. I totally agree. Seems some people can look behind the scenes.

Satoshi is not a single person. It is a team effort. Always has been. Very few of you will take off the blinders to see the truth but for shits and giggles...I will DOX him right here and now:

There is no way to stop what is going to happen to bitcoin. It's an issue of sociology. It's an issue of human greed. It's an issue as to WHO created bitcoin and WHY.

Who is the single largest holder of BTC right now? "Satoshi". Who is he? I will say it again. NSA/DARPA created bitcoin under the guidance of the IMF. The IMF has been openly calling for a digital, one-world, deflationary currency for 2 decades. OPENLY. It has been discussed and promoted OPENLY at G8 and G20 summits.

From the early 90s-96 the NSA was OPENLY investigating cryptographic money networks:

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

One of their researchers and investigators is a man named Tatsuaki Okamoto. When they actively started writing the code they chose the pseudonym "Satoshi Nakamura" to ultimately promote the idea that Tatsuaki Okamoto to any and all who investigated the source of bitcoin long enough. But Tatsuaki Okamoto is just a cog. He's not some rogue savoir out to topple centralized banks. Not at all. He is a crypto scientist who was paid by government and intelligence agencies to do research.

Bitcoin is an NSA/DARPA lab set into the wild. Scientific technology grants issued by government and intelligence agencies are how these labs are funded and promoted. The regulation and control of bitcoin has been actively developed alongside the development of the network. In fact, the controls, policy and regulation are WAY WAY more mature than the bitcoin protocol itself. That's why we see things like Greenlist written into law without a mention of bitcoin until recently.

This is not tinfoil hattish. This is just reality. No one forced ANYONE to believe the Satoshi fairytale.. The libertarian Satoshi myth has been promoted in stealth to specifically promote ADOPTION and DEVELOPMENT. It's no different than the internet and WWW itself. EXACTLY the same. That is why you see many www early adopters saying bitcoin "feels" the same as the early internet. I am one of those people.

In 94-96 the public internet was ALL about freedom of information. FREE COMMUNICATION. It was ALL about liberty and freedom. I wish i could transport some of you back in time so you could see for yourselves. The promise of free phonecalls with the freeworlddialup, free media with IUMA and the MBONE. All this freedom and liberty had people pouring their heart and soul into developing it. Now look at it. Facebook, google.. it is a GIANT SURVEILLANCE grid. And if you look for and read DARPA/NSA docs from the 80s and early 90s that was what it was always meant to be. I am not discounting all the socially great things that happen online.. But from the perspective of DARPA/NSA and control freaks.. it was created for the express purpose of control. A military purpose. A strategic purpose.

What is bitcoin? Bitcoin IS the one world digital currency. We all have a deterministic UUID that has been generated from our biometric data. This UUID will be related to all your datastores. This UUID is your mark. This UUID is what is used to buy and sell online and in the real world. This UUID is the primary key in your Greenlist identity.

Coinbase, blockchain.info and it would appear Coinsetter are inline to be the first to roll out the incoming policy and regulation. This policy and regulation is WORLD WIDE. It is CORPORATE. It is not about governments. Governments ADOPT corporate organized policies. If you think this is new than you need to investigate ACH and NACHA.
https://www.nacha.org/about  and http://www.slideshare.net/Earthport/nacha-payments-2013-complementary-paths-to-global-ach-earthport-federal-reserve-financial-services-hsbc

Bitcoin is THEIR network. And for the minority early adopters that is going to be a hard pill to swallow.. But for those in the know.. Like Gavin, it's PAYDAY. Realization and monetization of their massive bitcoin holdings is being guaranteed by regulators. That is why they are all literally RUSHING to regulate.

Legitimization of bitcoin is all about hosted wallets. The centralization of bitcoin. Hosted wallet providers approve/dissaprove transactions before they are actually issued on the network. Greenlist enabled wallets will be the fastest. (offline transactions). Greenlist enabled wallets will be hooked directly to your bank account, ease of buying and selling. Greenlist enabled exchanges will have the largest market with the best prices. Greenlist enabled wallets will completely eliminate risk of stolen coins. No more security worries AT ALL. And this is what the masses have come to expect. And this is why it's going to happen. And Greenlisted wallets will be accepted everywhere. And in the physical world you will identify yourself and your wallet with your biometrics.

https://bitcointalksearch.org/topic/the-future-of-bitcoin-is-biometric-authentication-and-identification-173715

TLDR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

something interesting to keep an eye on, perhaps it could be fuel for the next bubble

while i was reading about the sidechain stuff coming out of blockstream I learned that it can take at least 2 sets of 100 blocks to restore bitcoins that are sent to a sidechain, additionally it would take at least 100 blocks to secure bitcoin sent to a sidechain.  that is my understanding based on what I read, so please double check.

however locking up bitcoins from the main network into these side pools could have an impact on the elasticity of the supply curve

of course there are many more factors that would need to come together like a 100X+ expansion in user base, and expansion of use cases.

Some things will never come back. And the double-digit inflation in Bitcoin is one of them. Technically, annual inflation has ceased to be above 10%. Let me explain.

With an average of 6 blocks/hour and a reward for 25 BTC/block, around 25x6x24x365 = 1.314.000 BTC/year join the Bitcoin total emission.

Well, we have already exceeded 13.140.000 bitcoins in circulation and, therefore, the theoretical annual inflation is already below 10%.


Also, 15.750.000 BTC will have been mined by next halving in block 420.000.

If we apply the same theoretical calculation of annual inflation after next halving: 12'5x6x24x365 = 657.000 BTC/year --> 657.000 / 15.750.000 = 4'17%.

A 4'17% which is below the REAL inflation of most national fiat currencies. Let's see how does the Forex market behave when this happens...

Further ways to improve it:
- using emitted marketcap instead of price per unit (a different perspective).
- add pre-MtGox data because it is not reasonable to leave out data arbitrarily (people who were around those days still live among us).
- 2009 may be exempted, but from the start of 2010 difficulty started to rise so quickly that it is evident that Bitcoin gained traction.

Well explained!

To figure out what can happen in the future price, read these interesting thoughts: 100,000 block countdown - What will happen at the next halving?

Thanks, Risto.

The R^2 is way bigger than any other you have seen because the data points between the genesis and the days before MtGox start are calculated to 0 spread for any given "a" and "b". That generates another curve, those days are recalculated again to zero spread, and you get another "a" and "b" with better R^2.

R^2 improves at each iteration.

10 to 20 iterations later, the R^2 doesn't get any better. That's the number 0'9886 that you see in the chart.

Whenever I can I will take apart those calculated days and calculate what's the resulting R^2.


PD:
An interesting thing of the logarithmic regression calculated this way is that the value of Bitcoin at the genesis is almost zero. Something like 0'00000000000000001 USD/BTC. I like that fact because in any linear regression that value is much much bigger.


PD2:
The same iteraring process but with linear regression was 0'9585, so logarithmic regression 0'9886 is way better.

Hhaaa, the quick get rich investors... usually people like you get burnt/punished the most, so be careful and try to be a bit wiser about your investments.

Very nice work, I like it.