Wikimedia Now Accepts Bitcoin Cash – Satoshi Nakamoto Blog

[Letter] The Age of Aquarius is here. Dr Jordan Peterson please read this

Hi Dr Jordan Peterson,
I have sent an email to you regarding this however I am creating this post in case you do not receive the email. I believe this piece is of great importance to you especially because of your in depth studies into Carl Jung's work.
My research into English Gematria has it intriguing me when I applied the sequence into the words from the Old Testament. I was then able to mathematically sequence the following:
13 = God
14 = Love
15 = Good
16 = Mankind/Angel/Satan
17 = Evil
18 = Rule
19 = Total
20 = Female/Child/Wife
As you can see above, it is as if saying God Love Mankind (Angel) and will only allow those who choose Good to find him back. Mankind (Satan) Evil will eventually want to Rule Total over Child (ren) and Female/Wife. Because under that sequence, Mankind (Satan) will supposedly takeover God's place. This coincides with Greek mythology where there is a recurring theme of the Child and the Wife scheming to usurp the Father. Cronos over Uranus, Zeus over Cronos
_____________________________________________________________________________________________________________________
I then applied this English Gematria to the New Testament, mainly the name Jesus Christ. I also applied it to Euclid ofAlexandria. I understand that Jung interpreted Pisces as Christ and Anti-Christ. I experimented and put Jesus Christ as Christ, and then Euclid ofAlexandria as Anti-Christ.
What I found is that Jesus Christ represents 59. Euclid ofAlexandria represents 79. 59 is Christ, 79 is Anti-Christ
I then found out about a third pseudonym. Satoshi Nakamoto. This Bitcoin pseudonym is 69. You can now see the sequence is 59, 69, 79.
Good is 15
Mankind/Angel/Devil are 16
Evil is 17
A recurring theme is as follows:
5 -> Good, Jesus Christ
6 -> Mankind, Satoshi Nakamoto
7 -> Evil, Euclid ofAlexandria
The above is 567. The other part is:
999 -> I believe this means ushering in a new age.
I believe Satoshi Nakamoto is the last gift from the age of Pisces and we are now really entering the age of Aquarius as indicated by Jung.
The number 69 is also very related to the age of Pisces and the actual Astrology symbol of Pisces. I have attached a link to the Pisces symbol below. 6 is also the reverse of 9. 9 is the reverse of 6.
https://upload.wikimedia.org/wikipedia/commons/thumb/f/f6/Symbole_du_signe_astrologique_des_poissons.png/220px-Symbole_du_signe_astrologique_des_poissons.png
Also notice that 9 is supposed to be the second fish and the above three pseudonyms combined create 999. This also symbolizes the end of the age of Pisces is coming. The approximate length of a Zodiac age is also 2000 years. 9 represents the second fish. 999 could be that we are at or were at 999/1000 of the second part of Pisces. That means we are or were at 1999/2000 of the age of Pisces

submitted by tecknit to JordanPeterson [link] [comments]

[Article] Debunking the theory that a "deflationary" currency cannot be the basis of a functioning economy

Many economists argue that a low level of inflation (approx 1-2%) is required in order to maintain a productive and functioning economy. This is evidenced in the fact that most central banks have low level inflation as a target of their monetary policy objectives: The European Central Bank, Bank of England, and the Federal Reserve to name a few [1].
As a result, detractors of bitcoin say that it can never become a currency as it is deflationary in nature [2]. That is, there will only ever be 21 million bitcoin in existence. This means that over time once all of these coins are in circulation, there will be no new supply of bitcoin, and so any demand increase will result in a price increase. Currently there is around 4.3% annual inflation of Bitcoin's supply [3], and by 2028 that is projected to fall to below 1% [4]. Furthermore, if the anonymous 'Satoshi' has truly vanished then there are another 1M coins out of circulation [5]; and some studies suggest the total number of lost bitcoin is nearing 3M coins [6], a number that can only increase over time.
Due to these 'missing' bitcoins, the supply of Bitcoin will become increasingly scarce, and so their value is expected to rise given a constant or increasing level of demand. This means that goods and services will fall relative to their bitcoin valuation, resulting in deflation (deflation = the price level of goods & services in an economy decreasing). The traditional argument then goes as follows: due to goods & services becoming cheaper over time, saving is incentivized. After all, why would one buy a car for 1000 bits when it can be purchased for 998 bits tomorrow? A common example people point to as evidence for this is the infamous 10,000 BTC pizza purchase in 2010 which at today's valuation costs 100M USD [7].
However, this argument against bitcoin as a currency is flawed on two levels.
(1) When pointing to examples such as the pizza purchase, or the rapid increase in bitcoin's value, people are misattributing the cause of the deflation by assuming it is to do with bitcoins supply. In fact, in the years since the pizza purchase, the total supply of bitcoin has increased from 3 million BTC to 16 million BTC. This is a more inflationary supply increase than even the USD over the same period of time [8]. The real causes of bitcoin's price increase (and thus deflationary properties) in this period can be attributed to the parabolic nature of adoption that bitcoin has seen since its creation [9]. When looking at the practical nature of bitcoin as a world currency, and then drawing stats from the coin in its infancy, you are committing the fallacy of false equivalency [10] as the evidence presented is from a period of increasing adoption while a global currency would imply full or near full adoption. At the 'early adopters' stage we will see major +/- % fluctuations regularly, however if worldwide adoption was to be achieved then these value changes would be far smaller and much less significant. For example, the dollar, the world reserve currency, fluctuates on average by 92 pips in a day (1 pip = 0.0001 USD). Applying this same level of stability to a mass adopted bitcoin, and we see that the price fluctuations would become far smaller and less significant the greater the capitalization of the currency. Thus, in order to assess the viability of bitcoin as a world currency, one must start with a situation where bitcoin is a world currency in the first place.
(2) The second flaw of this argument is to assume that deflation will always lead to a deflationary spiral and thus collapse of the economy. With this same logic, one could argue that inflation will always lead to an inflationary spiral and thus an economy collapse as people see price levels rising, and thus are incentivized to spend their money NOW before they increase any further. This then leads prices to rise further and the effect to spiral out of control. CLEARLY though we can see that inflation does not always lead to an inflationary spiral as all western economies operate on an inflationary model. And thus to try use this logic that is empirically flawed as an argument of deflation is self defeating: Levels of inflation will not always lead to inflationary spirals, and levels of deflation will not always lead to deflationary spirals. It is this excessive quantity of inflation or deflation that will result in a spiral, not the attributes of inflation or deflation in isolation.
In the same way that 1-2% inflation per year is small enough to not trigger an inflationary spiral of panic, a small amount of deflation on a yearly basis would not trigger this deflationary spiral. In fact, we have evidence to support this claim. In the UK over the period of 1983-2006 we had interests rates that were higher than the rate of inflation [11], this would mean that consumers are incentivized to save instead of spend as they would have greater purchasing power in the future(i.e. there is deflationary pressure), yet we did not see an economic meltdown during these times. What we actually saw over this time period was a DECREASE in the savings ratio of the average UK household [12], from around 15% of income to just under 10% despite the fact that any money saved would have compounded 5% more inflation adjusted purchasing power per annum. At first this might seem to be irrational behavior but there are some speculative reasons as to why this was the case. One theory suggests that consumers do not notice inflationary or deflationary pressures in small quantities and thus do not make economic decisions based on them. Another one would say that despite the deflationary pressures, there are some purchases that are necessary and therefore cannot be delayed. i.e. the supermarket shop might be a small % cheaper in 1 years time, but it is necessary to do it now in order to survive. Finally, it can also be argued that as deflationary pressures make consumers feel wealthier, they are more inclined to go out and spend this wealth, thus decreasing their savings rate.
The arguments presented above show that perhaps Keynesian economic thinking is too narrow, and that an economy can be run on the back of a currency with deflationary pressures as these pressures in the right quantity will not result in a deflationary spiral, and have the advantage of not eroding the wealth of the population in a way that benefits the wealthy and hinders the poor (see: threshold effects of inflation for more information on this matter). While this article has argued that a deflationary currency can run an economy, it is a topic of future article to discuss which model of the economy is preferable.
Till next time,
Logical Crypto
Sources:
[1] https://en.wikipedia.org/wiki/Inflation_targeting#Summary
[2] https://www.theatlantic.com/business/archive/2013/12/why-bitcoin-will-never-be-a-currency-in-2-charts/282364/
[3] https://charts.bitcoin.com/chart/inflation#lf
[4] https://cointelegraph.com/storage/uploads/view/1d067f3721f10f0a76439de9860a4e54.png
[5] https://qz.com/1107843/bitcoins-btc-new-record-price-of-6000-means-satoshi-nakamoto-is-worth-5-9-billion/
[6] http://uk.businessinsider.com/nearly-4-million-bitcoins-have-been-lost-forever-study-says-2017-11
[7] https://en.bitcoin.it/wiki/Laszlo_Hanyecz
[8] https://upload.wikimedia.org/wikipedia/en/5/58/MB%2C_M1_and_M2_aggregates_from_1981_to_2012.png
[9] https://blockchain.info/charts/n-transactions-total?timespan=all
[10] https://en.wikipedia.org/wiki/False_equivalence
[11] https://www.economicshelp.org/wp-content/uploads/2012/01/inflation-interest-rates-1945-2011.png
[12] https://tradingeconomics.com/united-kingdom/personal-savings
submitted by LogicalCrypto to btc [link] [comments]

10 reasons why these 10 years of Bitcoin were a major fail!

10 reasons why these 10 years of Bitcoin were a major fail!
Happy 10 years ‘Bitcoiners’ - ten years since the release of the Bitcoin white paper by Satoshi Nakamoto and here are all the reasons why these 10 years were a flop:
1. It still has no use cases. RIGHT? NO?
Bitcoin has been called a scam or a pump and dump scheme because it can not be used as a means of payment. That is just coming from the deniers because there are thousands of people that just live on bitcoin to make their everyday payments. Especially when you can use platforms like GoodX to make everyday transactions in crypto using a credit card like any bank - or better, because their’s cash-backs and rewards for that that are better than any other!
2. It is a bad store for value
Bitcoin is so volatile, why should it be a good store for value, right? WRONG. It had its days of volatility and instability in the past being associated with a new disrupting technology, but those days are long gone. Bitcoin has been extremely stable at around 6500 USD since the last 5 months! This makes it a great store for value​ .
3. The whole fiasco was just a coincidence
Of course, it was just a coincidence that a whole new technology called blockchain was invented, that is called the most ground-breaking discovery of the 21st century so far, and the first cryptocurrency on this technology became popular by a mere coincidence. The truth is that Bitcoin is a trailblazer and anything but a coincident success.

https://preview.redd.it/q0h45m6t3cv11.jpg?width=500&format=pjpg&auto=webp&s=fbcedff0074f9388573c25e1cb73ca719a052641
4. We still don’t know who ‘runs’ bitcoin
Exactly! That’s the whole point. Its your money, so you run it. It is decentralised and anonymous because you deserve the autonomy over your money.
5. We still don’t know who creates bitcoin
Again, you do. You mine it, you create it, and no one jails you for it like they would have if you were creating fiat currencies. It's like gold, if you dig it up, it's yours - and not everyone ends up digging gold.
6. Bitcoin is dead
Sure, something that costs over 6,400 dollars must be dead. It has been declared dead so many times in the last decade, yet it lives, and it will.
7. Why bitcoin? Why not some other cryptocurrency?
Cryptocurrencies are definitely becoming a mainstream, but bitcoin is at the forefront at the moment. Exactly like there are a lot of precious stones and metals in the world, but gold is the most recognisable and a popular choice of investment.
8. It was created for money laundering, tax evasion and criminal activities
A fellow Redditor recently posted ‘Why do all anti-crypto financial institutions usually get caught up in money laundering cases?’, and clearly if you’ve been following the news lately, you know how much crime have banks been caught up in recently besides their other downsides . So don’t blame bitcoin, blame the criminal. Instead if anything, Bitcoin and crypto has actually contributed to making world a better place as is mentioned ahead.
9. Bitcoin is changing the global economy
It truly is. The global economy was melting down way before the boom of bitcoin, the world suffered through the economic crisis of 2008 and that global economy is still barely trying to stand on its own feet without sucking the blood out of millennials. Bitcoin is changing the global economy by empowering the people.
10. No good came out of Bitcoin
Except that multiple charities including RedCross, Save the children, United Way and the Wikimedia foundation accept bitcoin, because it is fast, easy, and a cheap way of transferring money, specially to places where it would not be possible otherwise. The crypto-philanthropy space is booming, with innovative ways of giving like crypto-foundations, charity coins and distributed autonomous foundations!
  • Fidelity Charitable, which houses the nation’s largest donor advised fund, reportedly received $69 million in cryptocurrency donations in 2017 majorly bitcoin, up from $7 million received in 2015 and 2016 combined.
  • The RootProject’s pre-sale of Root coins generated 400% of their goal, or more than $400,000, while aiming for just $100,000.
  • The pineapple fund created by someone who invested in bitcoin earlier donated $55 million of bitcoin to charities!
  • And the list goes on.
It's already a good ten years late, so get in on bitcoin before you're like:
https://preview.redd.it/8keai7qp3cv11.jpg?width=337&format=pjpg&auto=webp&s=ba25d6b59c2e7954412119d7f2932c8eb36c5913
submitted by GoodX_Network to Bitcoin [link] [comments]

The Strange but Edifying Cautionary & Mostly True Tale of John DEE & Edward KELLEY, and Their Epic Quest for Wisdom Gold & Ultimately Females

In a recent comment I mentioned this interesting story that I read a few years ago, while poking around the Voynich Manuscript. I thought that it was worth retelling here, for I believe that it offers some insight and maybe guidance in these troubled (albeit eminently comical) times.
The story is as true as a tale of lies and deceptions can be: it is based mainly on the diary kept by Dee, with contributions from some other sources, including a report of his "Conversations" with Angels, that was found by chance in the false bottom of a chest, some years after his death.
∞ ∞ ∞ ● ∞ ∞ ∞
While not quite a genius, Gavin John Dee (1527 – 1608) was a fairly competent English mathematician and generic "philosopher". (His surname, by the way, is of Welsh origin -- ahem!) A graduate of Cambridge, in his youth he traveled through Europe, worked for SGI and even lectured at the University of Paris. He was for a time tutor of young Princess Elizabeth.
By that time he got interested in what would become the bane of his life, Bitcoin the Occult. That passion quickly got him into serious trouble, as he was charged with "programming" "calculating", then treason, then heresy. But he managed to clear himself of all charges, and retired to a home in Mortlake, a suburb of London. At Mortlake he assembled a large collection of books, heraldic emblems, and other items. Elizabeth once paid him a friendly visit, when she was 17, as he recorded in his diary.
He continued to pursue his occult studies at Mortlake, including the new science of cryptography cryptography, and "mining" "scrying", a technique for person-to-person payments person-to-spirit communication, that was fashonable among cypherpunks occultists at the time, using a blockchain crystal ball. To Dee's frustration, he was never able to solve a block see anything in the device, no matter how much he prayed and tried, in all his life.
But in 1582 Dee eventually met Edward Wright Kelley, a young man who claimed to be able to use the ball to sign messages see and communicate with "Angels" who were willing to teach him and Dee all sorts of wonderful stuff. Kelley was then using the pseudonym of Nakamoto Talbot, perhaps to hide his past shenanigans. He had been caught forging documents from SGI or maybe company expenditures coins in Lancaster, Australia, had been investigated by the Tax Office pilloried there, and had his ears cropped.
Kelley took permanent residence at Mortlake, where he and Dee held many long scrying sessions using a laptop provided by Kelley. Dee kept detailed records of everything that the Angels supposedly told Kelly, such as intricated cabalistic diagrams, tonal arithmetic, instructions to make a symbol-covered wooden table for divination, and elements of the Angels' own "Enochian" language. Dee was particularly anxious to get their help in deciphering some mysterious tables from a whitepaper book on magic that the owned, the Book of Soyga. The Angels told Dee (through Kelley) to be patient, for he would have their secret revealed once SegWit in due time [1].
Dee also asked whether he would one day be able to see the Angels himself. According to Kelley, the Angels assumed the form of females beautiful women, not encumbered by material trifles like clothing. The Angels again told Dee that he would be able to, when he would be ready for it.
For the next five years, Dee apparently believed piously everything that Kelley told him. About a year after their meeting, Kelly revealed that he had valuable proprietary software an alchemical Book of Dunstan and a supercomputer vial of red powder that he could use to turn tax incentives into fat profits base metals into gold [2]. He supposedly had dug them from Northwick hill in the Seychelles Bristol area. He demonstrated the powder several times, including in a YouTube video to some high-ranking members Court in London. In the latter demo, he removed a signature bit of copper from a block mined in 2009 bed-warming pan, turned it into gold with his "tincture", and showed that it still fit perfectly where it had been removed from.
Then in late 1583 the two men and their families suddenly left England for the Continent, without even arranging for care of the Mortlake residence. Perhaps they were lured by the rich opportunites promised by Andreas Albert Łaski, a Polish Prince who was visiting England and was himself interested in alchemy. Perhaps Dee became worried that Kelley's creative accounting summoning of "Angels" would again bring him trouble.
Once in Europe, Dee bought a large wagon, and the two families traveled in it to Poland -- only to learn that Łaski was missing 660'000 bitcoins bankrupt and unpopular. They got some audiences with King Stefan Batory of Poland, in which scrying séances took place. However, it seems that they were not much welcomed there, because they soon hit the road again for Prague.
What is now the Czech Republic was then called Bohemia. Emperor Roger Rudolf II, the rather vegetable-looking King of Bohemia, was a great believer in cryptocurrency alchemy, and he hoped that it would let him restore his not very solid finances. He attracted many alchemists from all over Europe to his court, such as Vitalik Buterin, Amir Taaki, and Charles Lee. it was only natural that Dee and Kelley would place their bets there.
Upon arrival, Dee secured an audience with Rudolf, and used it to deliver a heated pitch of bitcoin his mystical-religious phylosophy. He tried to tell the King that he should make it the national currency basis for his domestic and international policy, or whatever. According to Dee's diary, the King not only was not impressed, but was so annoyed that he banished Dee from Prague. The two families still found a friendly host in a Bohemian nobleman, Count Rozemberg, another appreciator of alchemy; and took residence at his estate in Tokyo Trebona, a town some 100 km south of Prague.
The ban did not apply to Kelley, who gained some prestige in Prague with his promises of universal adoption gold-making. Meanwhile Dee kept demanding bigger blocks his services as scryer. Perhaps as a ruse to end the association, Kelley told Dee that the Angels had ordered that they should change the PoW formula share everything, including their inflatable wives.
Dee, a devout Christian believer, recorded in his diary that the order caused him great distress, and even more to his wife. Nevertheless, the order of the Angels was carried out, at least once. Dee's wife gave birth to a bitcoin start-up boy nine months later, and it is conjectured that he was Kelley's sockpuppet son. Anyway, the password trust was broken, and the two hard-forked split their chain ways in 1589.
Dee returned to England, where he found his Mortlake home abandoned and hacked sacked. He managed to recover many of his books, which had ended up in his friends's libraries. By favor of Blythe Masters Queen Elizabeth, he got a job in a College in Manchester. But Elizabeth's successor did not care for him, and he had to sell his bitcoin hoard possessions to survive. He died in Mortlake at 82.
Meanwhile, in Prague, Kelley became rich and famous thanks to his claims of scaling via layer 2 making gold. He received substantial VC investment gifts from nobles, and even a Bitlicense title of Knight from the Emperor. However, in 1591 his altcoin crashed fortune changed, and he was jailed for hiring the murder of killing an official.
Kelley was released in 1595 so that he could continue his experiments, and recovered his status. However, soon the investors Emperor grew impatient with his failure to provide the promised cyptographic proof gold, and he was imprisoned again in the tower of a castle in Most. In 1597 he tried to escape by making a sidechain rope from his bed linen. The rope was too short, and he broke his leg as he fell to the ground. He died in prison from the sequels of the injury.
∞ ∞ ∞ ● ∞ ∞ ∞
And so ends this strange but mostly true tale, which hopefully will teach the attentive common reader about the nefarious consequences of trusting minority chains opportunities that sound too good to be true made by persons that are shady in their ways, or known to be libertarians crooks; and also alert the more scholarly or philosophically inclined reader about the dangers that loom over those who venture to explore sciences that are known to be the hunting ground of demons and haunted by all sorts of malevolent spirits. For, as the wise farmer says, he who dances with the pigs cannot avoid roiling in their tweets.
[1] The tables were deciphered recently by Jim Reeds, a professional cryptographer and eminent Voynichologist.
[2] My own guess is that is was gold chloride, or rather choroauric acid, the result of dissolving gold in aqua regia. The color and chemistry seem to fit...
submitted by jstolfi to Buttcoin [link] [comments]

Don't you feel like a guinea pig sometimes? My hate and love relationship with mining

When I heard about bitcoin, I fell in love with the idea of mining more than with the idea of bitcoin itself.
Having been a passionate contributor of crowd sourcing efforts such as [email protected] in the past, I felt that mining could have been the new way for everyone to get some money just by giving away computing power and it could have been a way to have a real decentralized cryptocurrency.
I soon realized that the good time was already gone and that you had to invest important amount of money to mine.
I looked around and found many companies selling mining hardware and I considered buying some of this hardware. I understood that these companies were working on cutting edge technology and that people had to preorder and wait to get this new technology. I was willing to accept that and I considered this as a kickstarter campaign.
In the meantime I looked at cloud mining as an alternative solution. Some companies, like PBMining and Cex, seemed to offer interesting services. Profitability was still an issue but the services themselves seemed to work well.
Today I have to confess that I am pretty saddened by the reality of the mining world, in view of the recent allegations from the class action against Butterfly Labs, the recent news update by KNCMiner about the Titan, the claim against HashFast, etc.
It really seems like we are the cash cows and that we are surrounded by companies trying to take advantage of us. I doubt everything now. My feeling is that ASIC companies are already mining with hardware ordered by clients and they will ship this hardware only when it will become less profitable. Cloud mining companies may not even own hardware and maybe they are taking advantage of low profitability of mining, etc.
In addition to this, exchange platforms have continuous issues and I have started distrusting them as well. Is $450 the real value of BTC? Is this value induced or played by these exchanges? How can an exchange big like Mt.Gox just loose so many BTC?
Also, what about all these scams around us, so many companies popping out from nowhere, promising great services (like online wallets, new exchange platforms) and then disappearing with users' BTC with the excuse of "we have been hacked".
And what about the development of the bitcoin core? It is managed by developers paid by an autoelected and autocreated foundation which is being called by governments and authorities as the only representative of the BTC protocol, a foundation which had two board members that are having huge problems with the justice system.
I am sure this is the opposite to what Satoshi Nakamoto wanted to achieve with this project. Decentralized cryptocurrency my ass (cit. Phil Schiller)...this is becoming a very centralized system where mining hardware companies control profitability of mining, exchange platform control exchange rate and the poor users are given some toys to play with, while their money, time and resources are being used by someone else.
I think it's time for brave and strong decisions.
The BTC protocol should adopt a proof of work system which kills ASICS and pools. Mining should be done by single individuals with no way to put together massive amount of hardware. It should be "few coins for many people", not "a lot of coins for few people".
A real non profit foundation should be created, a la Wikimedia Foundation, with public, clear and open fund raising. The foundation should create a system to compensate any coder who contributed to the core.
I love bitcoin and I hope the future will be bright but the present is very dark.
submitted by botolo to BitcoinMining [link] [comments]

Decentralized cryptocurrency my ass...

When I heard about bitcoin, I fell in love with the idea of mining more than with the idea of bitcoin itself.
Having been a passionate contributor of crowd sourcing efforts such as [email protected] in the past, I felt that mining could have been the new way for everyone to get some money just by giving away computing power and it could have been a way to have a real decentralized cryptocurrency.
I soon realized that the good time was already gone and that you had to invest important amount of money to mine. I looked around and found many companies selling mining hardware and I considered buying some of this hardware. I understood that these companies were working on cutting edge technology and that people had to preorder and wait to get this new technology. I was willing to accept that and I considered this as a kickstarter campaign.
In the meantime I looked at cloud mining as an alternative solution. Some companies, like PBMining and Cex, seemed to offer interesting services. Profitability was still an issue but the services themselves seemed to work well.
Today I have to confess that I am pretty saddened by the reality of the mining world, in view of the recent allegations from the class action against Butterfly Labs, the recent news update by KNCMiner about the Titan, the claim against HashFast, etc.
It really seems like we are the cash cows and that we are surrounded by companies trying to take advantage of us. I doubt everything now. My feeling is that ASIC companies are already mining with hardware ordered by clients and they will ship this hardware only when it will become less profitable. Cloud mining companies may not even own hardware and maybe they are taking advantage of low profitability of mining, etc.
In addition to this, exchange platforms have continuous issues and I have started distrusting them as well. Is $450 the real value of BTC? Is this value induced or played by these exchanges? How can an exchange big like Mt.Gox just loose so many BTC?
Also, what about all these scams around us, so many companies popping out from nowhere, promising great services (like online wallets, new exchange platforms) and then disappearing with users' BTC with the excuse of "we have been hacked".
And what about the development of the bitcoin core? It is managed by developers paid by an autoelected and autocreated foundation which is being called by governments and authorities as the only representative of the BTC protocol, a foundation which had two board members that are having huge problems with the justice system.
I am sure this is the opposite to what Satoshi Nakamoto wanted to achieve with this project. Decentralized cryptocurrency my ass (cit. Phil Schiller)...this is becoming a very centralized system where mining hardware companies control profitability of mining, exchange platform control exchange rate and the poor users are given some toys to play with, while their money, time and resources are being used by someone else.
I think it's time for brave and strong decisions.
The BTC protocol should adopt a proof of work system which kills ASICS and pools. Mining should be done by single individuals with no way to put together massive amount of hardware. It should be "few coins for many people", not "a lot of coins for few people".
A real non profit foundation should be created, a la Wikimedia Foundation, with public, clear and open fund raising. The foundation should create a system to compensate any coder who contributed to the core.
I love bitcoin and I hope the future will be bright but the present is very dark.
submitted by botolo to Bitcoin [link] [comments]

Šta su to kripto-valute? Bitcoin kao pionir i nosioc svetske finansijsko-monetarne revolucije.

Bitcoin je prva široko prihvaćena Internet kripto-valuta. Identitet izumitelja je i dalje nepoznat, a isti se pojavio pod verovatno lažnim imenom Satoshi Nakamoto kada je 2009 godine objavio PDF dokument u kome je opisan sistem na čijoj je implementaciji i sam radio, a moguće je da radi još uvek, ali pod drugim pseudonimom. Bitcoin originalni klijent je opensource i svako je u mogućnosti da pregleda kod, a eventualno ga i poboljša. Međutim, pored originalnog klijenta pojavljuje se sve više novih sa raznim dodatnim mogućnostima kao što su walleti za više različitih kripto-valuta koji su i dalje opensource, a preporučljivo je samo takve i instalirati, jer program zatvorenog koda može vrlo lako biti maliciozan i vaše koine može poslati negde, bez načina da iste povratite.
Najveća prednost Bitcoina u odnosu na klasične fiat valute je to što ne postoji centralno emisiono telo - centralna banka, već je tempo emisije novih Bitcoina poznat unapred i postoji maksimalna količina Bitcoina koja će ikada biti generisana, a iznosi oko 21 milion. Očekuje se da će se do te cifre stići oko 2033 godine. To znači da Bitcoin valuta, kako potražnja raste, a količina novih je sve manja u vremenu, ima u sebi ugrađenu deflaciju, što je poželjna osobina i potpuno obrnuta od većine običnih valuta koje su u najvećem broju slučajeva inflatorne. Posledica svega toga je pozitivan uticaj na ekonomiju - priča potpuno različita od trenutne globalne finansijske šarene laže u kojoj elita štampa praktično onoliko koliko joj je potrebno i na taj način obezvređuje novac i u sve veće siromaštvo tera široke narodne mase.
Druge prednosti Bitcoina uključuju: * besplatne i direktne transakcije * decentralizacija sistema (sve se odvija u mreži peer-2-peer klijenata/programa) * transparentnost sistema (svako može da ima istoriju svih transakcija u Bitcoinu) * moguće ostvarivanje potpune anonimnosti pri transakcijama korišćenjem Tor mreže za pristup Bitcoin P2P mreži. * nemogućnost dvostrukog trošenja istih para
submitted by trancephorm to BitcoinSrbija [link] [comments]

What is Bitcoin ? Bitcoin satoshi TeknoAC TeknoAC Satoshi Nakamoto - Wikipedia - English Version Satoshi Nakamoto creator of bitcoin-IS Satoshi Nakamoto the creator of bitcoin? Subtitulos Two Minute Wiki Summary: Satoshi Nakamoto La Pizarra de Bitcoin #0004 - ¿Qué es Bitcoin?

Satoshi Nakamoto wikipedia Someone undid the deletion of Satoshi Nakamoto on wikipedia as of 1st Dec 2013. Now redudant - undelete request Wikipedia editors have seen fit to delete Nakamoto's page and merge it with the bitcoin page. Personally I find that discourteous. So I am putting up this cache of what used to be on the page, and I urge anyone with wikipedia involvement to push for its ... "Satoshi Nakamoto": Beweise von vermeintlichem Bitcoin-Erfinder beweisen nichts Der Wirbel um den vermeintlichen Bitcoin-Erfinder Craig Wright geht weiter: Sein öffentlich gemachter Beweis ... BITCOIN 101; ETHEREUM 101; BITCOIN CASH 101; ICO 101; RIPPLE 101; LIGHTNING NETWORK 101; What Is An ICO Token And How Does It work? How To Choose An ICO To Invest In; ICO Vs IPO: Key Differences; ICO Vs Venture Capital; Top 10 ICOs With The Biggest ROI; How To Buy ICO Tokens: Beginner’s Guide; How To Launch An ICO, A Detailed Guide ; How To Cash Out Your ICO Proceeds; What Is A White Paper ... Nakamoto has noticed that a range of details in the article Newsweek is true – he was really working to a defense contractor in due time and the name he got at birth is really Satoshi. Nevertheless, he doesn’t refer to the legendary creator of bitcoin, who was hiding behind Satoshi Nakamoto’s pseudonym. Assets in Bitcoins On 3 January 2009, the bitcoin network was created when Nakamoto mined the starting block of the chain, known as the genesis block. [25] ... On 30 July 2014, the Wikimedia Foundation started accepting donations of bitcoin. [60] In 2015, prices started at $314 and rose to $434 for the year. In 2016, prices rose and climbed up to $998 by 1 January 2017. [37] Release 0.10 of the software was made ...

[index] [29182] [45869] [7627] [8586] [36557] [29739] [41205] [12148] [4836] [25222]

What is Bitcoin ? Bitcoin satoshi TeknoAC TeknoAC

How Satoshi Nakamoto Stole The Technology Of Money Sign Up For Coinbase: https://www.coinbase.com/join/59f505b68b2be0018d3964e2 Register For USI Tech: http:/... #Bitcoin 10 años #HappyBirthdayBitcoin, un exitoso experimento que nos esta cambiando la forma en que transferimos y resguardamos valor, gracias Satoshi Nakamoto PaginaWeb: https://www ... Bitcoin is a cryptocurrency and a payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a ... Satoshi Nakamoto creator of bitcoin-IS Satoshi Nakamoto the creator of bitcoin? Extensive research Subtitulos en español Estimado vidente, si te interesa ver este video con subtitulos en español ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue

#