Topic: -- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World! - page 185. (Read 383560 times)

Thanks.  My copy and paste skills aren't what they used to be. 

Yeah, people should be putting some money on Litecoin here.  It's a smart play. 

There is a reverse head and shoulders pattern forming. The Segwit starts signaling on January 28 and I have a strong feeling it is due to increase by at least 50%.

#notbusted

Your code is busted.

But I agree.  LTC will probably be first to upgrade to segwit which should get some serious hype.  Can't ignore the Lee brothers and their connections to China, BTCC and Coinbase.

Definitely low risk/high reward at sub $4.

Thx for the advice! 

Too late.

It is estimated 12 BILLION rounds of ammunition are sold each year in the USA. Not all of that ammo is shot off each year so it is reasonable to assume the total number of rounds in the US - just in civilian hands alone is in the tens of billions.

Which is why the only way to disarm the US of A is by force, be it economic or outright civil war.

The Feds bought a few billion rounds over the past few years.  They must be expecting a flurry of Canadian geese.

I'm hoping the Trump win was truly unexpected cause then at least we'll get an audible which could be fun or maybe, a complete backfire.  They dug their own graves sort of thing.  A revival of sorts. 

Whatever happens over the next few years, one thing is for sure, it ain't gonna be normal.  The country may split in two soon, and if so - then Obama is gonna come back for a sequel. 

... or control the distribution of gunpowder.

Speaking of India banning ~86% of the notes, I think it's a market test for places like America.  So it's interesting to watch.  Many there, especially in rural areas have turned to bartering.  One huge wild card in America:  GUNS!!!  Lots and lots of guns.  So they'll have to figure out a way to get rid of those first.

Enter Martial Law...

Don't forget the "Let them eat tacos hat" used while banning 90% of the paper notes in circulation

My bad! THERE ... ARE ... ONLY ... FIVE ...POINTS !!!

Meanwhile, ...


"You call that a Pussyhat? This is a Pussyhat!"


"Now let me show you my Grand Poobah Hat."

You're obviously not an illuminati expert, like myself.  That's not the Shield of David 🇮🇱 [which has 6 points].

No, These infiltrators are either communist spies or undercover Wendy's staff, which I think is a front for the illuminati.  Either way president Trump has been compromised; someone needs to get me into the Oval Office with him so I can warn him [and so I can sell him on iXcoin and uh, *cough* get me a selfie with the king].  Sad, real sad, but fakebook's got me by my nuts.

Actually, that's the Star of David and the two black dudes are Rabbis (and mes thinks that one has a glass eye, the one humming Mr. Bojangles).

That guy is definitely illuminati - check out all the symbols he's flashing.

And what's up with all those people wearing a communist star instead of the US flag?  Clearly these are all Russian spies. 

Dude, your post inspired a solution to my last post: https://bitcointalksearch.org/topic/m.17580771

I cannot confirm nor deny that this man at the Trump inauguration with the strange hat is part of the lizard people world overlords

Meanwhile, in America...

Crazy lefties continue to riot in the streets even after president Trump's inauguration.  This is what I expected, ~18 months ago, when I predicted Trump would win, only I expected worse and sooner.

This should escalate [quickly] until a spark sets off the next phase:  Martial Law!

Western Europe is ready to "flame on" and president Putin, who was starting to actually grow on me, has decided to take advantage of the coming global chaos and play geographical chess with Romania.  Moldova's got back now, so their starving asses grew a set and are hinting that half of Romania is theirs, and no doubt the Hungarian mongols and the impoverished Bulgarians will join the raping and pillaging of Romania.

It's gonna be raining [dead] men. 

Soooooo much fun is about to start and everybody's got front-row seats. 

Enjoy!

Lightening Network will be an OffChain BTC Payment network.  
It will allow a fractional reserve type system to be installed, after that counterfeiting coins is a small step.
Offchain systems do not have the verification protections of an OnChain System.


 

Great post.  I've always felt the same way, there is no such thing as a trustless or permissionless chain.  No anonymity or decentralization either.  Just varying degrees which can and will be easily altered with time/adoption.

But you can't blame blockstream, the anarchists and libertarians, who probably make up 90% of crypto were sold on this pipe dream and will have a meltdown if they're woken up abruptly. 

That said, I don't agree with your latter points about sidechains, although I'm not a techie.  Counterfeiting won't be possible without being easily and instantly caught and tracked infinitely easier than with fiat.  So that is a moot point.  And they will not use offchain - at least not for the 7.4 billion monkeys, that would defeat the whole purpose of the block and chain protocol. 

As for fractional reserve banking:  DUH!!! 

How many lies are people gonna actually eat?  All of these things were fairly common sense unless one was gullible or delusional.  You didn't even need to understand the tech, just the way of the world and human nature.  Even now there have been multiple large scale cases of fractional reserve banking using Bitcoin.  Call it the nature of the beast, or the natural regression of things.  It's simply gonna happen and no muppet is gonna stop it.

Blockstream has the best crypto coders in the world, and for all you know they're secretly working with Satoshi, so whatever they come up with will go mainstream and it will be completely secure and counterfeit proof. 

Enjoy the sidechain show; I know I will. 

FYI: Personal Pet Peeve
Blockstream guys are a bunch of dumb asses. IMO  

All coins are permissioned, None are permissionless.


FYI2:
Locking BTC up onchain, does not actually move the BTC onto a side chain, that is just stupidity on their part.
Also offchain or sidechains both hold the potential to introduce counterfeiting & fractional reserve systems into crypto.
(Onchain transactions can not be counterfeit and they can not run fractional reserves with it onchain, which is why offchain/sidechain is just the banking scum worming their way into crypto.) 

[Bitcoin Magazine] - Blockstream Releases Sidechain White Paper on Liquid and Strong Federations
Jan 19, 20172:28 PM EST by Giulio Prisco

The seminal Bitcoin sidechains white paper “Enabling Blockchain Innovations with Pegged Sidechains,” released in 2014 by a team that went on to form Blockstream, a leading company in the blockchain space, envisaged an ecosystem of “sidechains” separate from the main Bitcoin blockchain but interoperable with it via peg mechanisms.

A sidechain can carry bitcoin as currency, in which case users will be able to seamlessly transfer bitcoin between the sidechain and the main blockchain. A sidechain can implement more powerful scripting features or more watertight privacy. Increased throughput is another key improvement over Bitcoin that can be implemented in a sidechain.

In 2015, Bitcoin Magazine covered Blockstream’s plans for the first commercial Bitcoin sidechain, code-named, “Liquid,” able to provide instant transactions with a fast settlement layer for bitcoin exchanges, brokerages and other industry members. “As its main advantage, Liquid provides instant and secure transactions among all users of the sidechain,” claims Blockstream. “While Bitcoin transactions can typically take up to an hour to be sufficiently secured by the blockchain, Liquid offers a similar level of security within seconds.”

Now Blockstream has released another white paper, titled  "Strong Federations: An Interoperable Blockchain Solution to Centralized Third Party Risks.” The new white paper introduces improvements over the federated peg mechanism mentioned in the first white paper. In particular, the consensus mechanism and trust model have been updated; mechanisms that allow settlement back to a parent chain in case of failure have also been introduced.

In essence, Strong Federations are cleverly constructed multisig addresses, where bitcoins are “locked in.” These bitcoins can be unlocked only if enough key holders agree the payment is valid. This setup can make for publicly verifiable, Byzantine-robust transaction networks that facilitate movement of any asset among disparate markets, without requiring centralized trust in any single party. It can also provide commercial privacy, with support for transactions where asset types and amounts are opaque while preserving the public verifiability inherent to Bitcoin

The new white paper consolidates and expands the initial concept of Liquid, which is now presented as a first implementation of a Strong Federation. “The first working implementation of a Strong Federation is Liquid — a Bitcoin exchange and brokerage multi-signature sidechain that bypasses Bitcoin’s inherent limitations while leveraging its security properties,” note the authors. In Liquid, “consensus history is a blockchain where every block is signed by the majority of a deterministic, globally-distributed set of functionaries running on hardened platforms, a methodology that directly aligns incentives for the participants.”

According to Blockstream, Strong Federations will be useful in many general-purpose industries, especially those that need secure and private exchange of digital assets, without a single party that controls the custodianship, execution and settling of transactions.

“This new construction establishes a security profile inherently superior to existing methods of rapid transfer and settlement among exchanges and brokerages, and is directly applicable to other problems within existing financial institutions,” note Blockstream experts Johnny Dilley, Jonathan Wilkins and Marta Piekarska, co-authors of the white paper.

It’s worth noting that, contrary to the current trend toward sanitized, “permissioned” non-Bitcoin blockchains that deliberately disown the libertarian attitude of early Bitcoin adopters, the Blockstream approach remains anchored to the public Bitcoin blockchain and informed by a commitment to privacy and liberty.

“Our efforts focus on developing systems that protect individual liberty through cryptographic mechanisms as the right to privacy is one of the essential components of a free society,” the authors of the white paper state. “Liquid and Strong Federations attempt to improve upon the privacy guarantees offered by Bitcoin, whose open-by-default model often results in users inadvertently leaking personally-identifying information.”

Newsflash: Obamacare to be replaced with Trumpcare, and if the new prez keeps half his promise, only 14M would lose insurance coverage oppose to 28M (somebody check my math cause I was never good at multiplying 1/2 fraction thingies).