A Tale of Two Bitcoins - A blog by Vinny Lingham

Vinny Lingham: The 1% don’t use Bitcoin Exchanges

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Vinny Lingham: the OTC market for Bitcoin is bigger than the exchange market

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Vinny Lingham: the OTC market for Bitcoin is bigger than the exchange market

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Confessions of a Core Supporter

I remember as a slightly younger Bitcoiner watching videos and eating up everything I could about the subject. There was Roger Ver and Charlie Shrem, a cast of long bearded geniuses who kept this magic money safe, and of course the mysterious creator Mr Nakamoto. Things were weird, and grand, just the way I like them.
I bought my first bitcoin after the gox collapse, then more and more. If Mt gox couldn't kill bitcoin I wanted in. I watched it go to 300, then to 500, and was thrilled. I found bitcoin. I subbed a bunch of tech nerds on twitter. I remained on the outside, but I was now part of the dream of decentralized currency. I placed a certain amount of blind faith in this new technology that I admittedly didn't fully understand, yet somehow believed in, hoping that one day it would change the world.
I soon became aware of forks, of factions, of discontent. I shrugged my shoulders. After all, I had long since learned that bitcoin was the honey badger and it would figure it out. It always does. I learned to laugh at "bitcoin is dead" headlines and learned that this was simply a cue to buy more. There was Hodl. There was, buy the dip. There was always that lame ass on reddit reminding nubes (in nasally tone I'm sure) to "never buy more than you can afford to lose". There was the cute roller coaster coin guy which seemed to be so often on a fun ride to the top. I was riding this thing to the top with that little guy. Life was good. I was invested far more than I could afford to lose and life was great that way!
But then the more I read, the more 'in the know' guys I followed on twitter, the more reddit posts I read, I learned I would be forced to pick sides in an ideological battle between two distinct sides. Let's call them the nerds, and the capitalists. Being an anarchist/libertarian and capitalist it might seem strange that I found myself quickly taking the sides of the nerds. But it was the nerds who were the ones who kept all this shit together. The code, the security, the teflon armor that kept governments and crony capitalists out of bitcoin and who ultimately kept that little roller coaster guy going up and up and up. Life was good in the hands of the nerds. I was officially a small blocker, and I stood behind my nerds. I resented those who called them neckbeards. I have a beard and that was mean. Sometimes I chimed in on reddit posts, mocked big blockers on twitter, and firmly planted my feet on the rock of 1mb blocks. I would not be moved.
Then the fork happened. I was happy to receive my dividend. I even rushed out to sell some of my coins and sold a few but my gut resisted selling all of them. Something stopped me. That something was the instinctual recognition of the echo chamber of the small block community. It was beginning to scare me. Was this really where the sharp money was? I was beginning to wonder. I was beginning to doubt.
There was also the fact that I simply couldn't get my head around bigger blocks meaning less fees for the miners yet somehow the biggest miner in the world was such a staunch advocate of bigger blocks, all while more and more people were pouring into mining. I heard about side chains and lighting network. Boy did that sound good! But where was it? Where is it? When will it be delivered? Why isn't this ready yet with all this congestion? Do we really have the best nerds working on this problem? It's been like 9 years. What's up with this?
The answers and future promises of core, I had to admit seemed a bit vague at best. Transactions were getting clogged. There would not be a day ever in the future that I would buy a coffee with my bitcoin (ok ok). But there would also never be a day that someone busting their hump washing our dishes in expensive restaurants would be able to send their bitcoin home to a family that could really use them. It was too expensive. And new leaders in the space like Ari Paul were touting $100 fees as a sign of huge success. Was this what I signed up for? Was this the face of decentralization and borderless money?
But you have to have faith in the nerds, right? After all, they're nerds! And they were the ones that got us here. Or were they? I started to notice a complete disrespect for the companies that helped bitcoin grow to what it had; there was Jeremy Allaire, Brian Armstrong, Eric Vorhees, Gavin Andreson and Vinny Lingham, all thrown UNDER the bus and mercilessly at that. Profits were suddenly bad. Growth bad. Low fees, yup-bad. Appreciation for the risk some of these early pioneers took was non existent. And this didn't sit well with me. Why were these nerds so angry? Where was the respect? Where was the appreciation? Where was the loyalty to the men that helped the little roller coaster guy go so high? Why did you so quickly renege on the NY agreement once you got what you wanted; segwit. Only dishonest pussies do that kind of thing. A bigger question started to emerge in my head: what had these small block nerds done to improve on Bitcoin that a slightly different alternative group of nerd couldn't have done? Why couldn't' we just go to 2mb blocks for the time being? What if the small block nerds were wrong? Is there a shortage of nerds in this world? Maybe. But maybe not.
I started to get back to my roots. To dig beneath the bullshit and take a shovel to dig through the propaganda, and it's deep in this war. There's a lot at stake here. If there's one thing I've learned in the years I've been an anarchist there's one rule I have which trumps them all: Never trust the popular narrative. Because it's usually dead wrong. And often, it's actually a well crafted lie. But here I was on the 'popular' side. Ut oh, not good. Had I been fooled?
Now I'm not saying I'm fully in the big block camp. If I have been brainwashed, then I'll admit it's going to take more time to deprogram myself and begin to see things more clearly. However, I am starting to see a bit more clearly. What I do know is this; Tone Vays the famous bitcoin tout said BCH was going to zero within a day. That never came close to happening. Stick to massage parlors Tone. Men I respect and look up to (in certain ways) like Roger Ver, John McAfee, Jeff Berwick - all men with a provable TRACK RECORD of defying the government in one way or another and the criminal records to prove it (good thing in my book), and many other freedom loving anarchist types are all behind Bitcoin Cash. The small block community foams at the mouth like a demon in first century Galillee when you mention the name Roger Ver. Hmmm. Maybe he really is Bitcoin Jesus! Miners who let's face it, love money, put up their capital to invest in many many millions want to see bitcoin cash succeed. Vinny Lingham was thrown to the dogs by a ruthless community, for urging people to have an open mind and getting one BTC call wrong. The whole thing has at minimum, put a bad taste in my mouth.
Then there's the fact that some of the main core developers work for a large insurance company's company called Blockstream. If you really believed in bitcoin, shouldn't you own enough to not have to work for someone? I don't work for anyone, and I'm not a neckbeard nerd. But even I figured that much out and got some bitcoins early enough that I don't have to punch any one else's time clock. And while I'm never one to shy away from conspiracies there is the fact that the CEO of the big insurance company; AXA (who owns Blockstream who employs heavy hitters from the nerd Core group) is none other than Henri de Castries, who just so happens to be the chairman of the Bilderberg Group. You might think I made that last one up. I didn't. This just smells bad to me. I think a lot of people on the nerd, Core, block stream, blah blah blah side might be, just might be getting DUPED.
So, in closing I would like to apologize to the community. You can see, I'm not that active here or in bitcoin, but I have taken some stabs and even trolled a few of you. Hey, please forgive me, I thought I was on the right side, but I'm not so certain any more. One thing I did do is load up on some bitcoin cash. I paid a premium for it, and maybe I'll live to regret it. But I'm throwing my hat in with the successful capitalists, the anarchists, and people who believed in bitcoin enough in the beginning to not only buy (and maybe mine some), but to invest their lives in the space, to put their money where their mouth and beliefs were, and not have to go get a job working for some Bilderberger clown. The clues and the truth are always there folks, but you do have to search them out for yourself and more importantly, T H I N K. Sure I'm a bit late to the party, and I'm still not sure BCH will become the 'real bitcoin', but I'm moving some of my most valuable chips to this side of the table. I sense a strong rising tide here. I also just sent 30k worth of BCH for 2 cents and it was on the exchange in like 3 minutes. That felt like the good ole days and that felt good! And then there's the fact that when it all comes down to it, and despite the attempted slander meme circulating on twitter, I rather enjoy a glass of wine one day with Roger Ver and Jeff Berwick, Calvin Ayre (and maybe even fake Satoshi) than have my picture taken outside a Chucky Cheese with a group of nerds with small blocks.
submitted by NachoKong to btc [link] [comments]

November BTC Fork - The Facts

Update 2: THE NOVEMBER SEGWIT2X HARDFORK HAS NOW BEEN CANCELLED! :D
Update: Thank you for your appreciation on this article. I decided to publish it on Medium.  
You can find the article on this link.
 
Existing Article:
With less than a dozen days left before the SegWit2X fork, I thought I'd start gathering some facts before I start forming personal opinions and speculative conclusions. I refer to the SegWit1X chain as 1X and the SegWit2X chain as 2X for simplicity, and I have looked for very simple facts and safe assumptions. Here are the dots that I gathered:  
 
• Fork at Block 494,784. Approximate time = 16th of November - see Reference 6 for exact time.  
 
The New York Agreement: The NYA involved parties representing about 83% of the then hashing power who all agreed to both hardforks - one for SegWit and another for an increased block size of 2MB (2X) within 6 months of the former. Further details in reference 1.  
 
• It is safe to assume that miners will only mine the most profitable chain (possibly several chains in differing proportions).  
• If whales pump a single chain it will gain more value. If this happens, miners will be more inclined to mine that particular chain only. This will result in the other chain(s)potentially losing overall mining attractiveness.  
 
1X will continue to have a 1MB block and SegWit;  
2X will have a 2MB block and SegWit;  
Bitcoin Cash (Just for info right now) currently has an 8 MB block with NO SegWit;  
 
Current Price Status (Futures) on BitFinex: 2X/BTC = 0.17; 1X/BTC = 0.83  
 
Current Mining Status: 2X = Around 85% of blocks are signalling for 2X.  
It seems only a few mining pools including Slush Pool, F2Pool and Kano CKPool are not signalling Segwit2X. All Antpool (Jihan Wu) owned pools are signalling for Segwit2X and will likely continue to do so up to the fork. It is not clear if any other pools from the Segwit2X signalling group will change their minds in the meantime.  
 
Lower mining power chain: Likely to be 1X. Fees likely to be extremely high as not many miners. Difficulty adjustment could take a few weeks, if not months. Until then it will be very difficult to transfer funds. [It may be better to keep BTC on an exchange before fork, to ease liquidity cost/time if you want to sell either of the coins immediately]  
 
Double-spending: Miners (from 2X) will have an ability and incentive to double-spend on the minority chain (lower mining power chain). If you have huge mining power, you can allocate some of it to just double-spend on the minority chain. Some people will possibly lose confidence in the minority chain as a result.  
 
Replay-Protection: Neither 1X nor 2X currently have replay protection.  
 
Exchanges:
  1. Bitfinex: original chain is “BTC”, SegWit2x chain is “B2X”  
  2. BitMEX: Original chain is BTC  
  3. Bitstamp: Unknown  
  4. GDAX & Coinbase: hash power and market cap decides which chain is “BTC”  
  5. Kraken: Unknown  
  6. HitBTC: original chain is “BTC”, SegWit2x chain is “B2X”  
  7. CoinsBank: Original chain is BTC  
  8. CEX.IO: original chain is “BTC”, SegWit2x chain is “B2X”  
  9. Gemini: hash power decides which chain is “BTC”  
  10. Coinfloor: Unknown  
  11. BTCC (Updated on Twitter): BTCC will consider which of 1MB and 2MB to name as #bitcoin based on market feedback and adoption.  
Further details in reference 4.  
 
The OPINIONs section
Vinny Lingham's opinion: 2X will outcompete 1X.  
 
Enter Bitcoin Cash: A review by Ryan X. Charles who has incorporated some of Vinny Lingham's quotes, states the following:  
 
a. BCH is a fork of BTC with same PoW, but with improved Difficulty Adjustment Algorithm (DAA). BCH cannot die, but 1X and 2X could both die. If whales shift most of their holdings to BCH (or another coin), that would incentivise the miners to mine BCH (or another coin) instead of 1X and 2X. Both 1X and 2X would lose their mining power; however Core would release an emergency update to software adding DAA like BCH (or another coin). Thus, 1X would survive, and 2X (which might not get DAA) would die.  
 
b. If 2X continues to be the dominantly mined chain, 1X will be forced to launch an emergency update to their PoW with DAA. There could be fighting between the two chains, and as a result a struggle to become dominant potentially causing altcoins to flourish.  
 
My observations
BCH is upgrading their EDA (Emergency Difficulty Adjuster) on Nov 13. See website. This will lead to reduced volatility in BCH - likely making it more attractive to more long-term miners.  
 
Mining profitability: It is currently almost equally profitable to mine either BTC or BCH.  
 
• What to keep and eye on before the fork to judge yourself where the fate of BTC is heading.  
  1. Mining signalling distribution
  2. DAA: 1X or 2X software updates to implement Difficulty Adjustment Algorithms
  3. Futures price before fork
  4. Significant whale movement
 
References:  
  1. New York Agreement  
  2. Hashing Distribution  
  3. Ryan X. Charles's opinions  
  4. Exchange listings for both chains  
  5. Interview with Vinny Lingham  
  6. 2X Split Countdown
 
Update: Thank you for your appreciation on this article. I decided to publish it on Medium.  
You can find the article on this link.
submitted by tenmillionsterling to CryptoMarkets [link] [comments]

7 CEOs on the Future of Bitcoin

Many people have strong opinions on Bitcoin, but does anyone really know where the digital currency is going? At Fortune’s recent Brainstorm Finance conference, we put the question “What’s the future of Bitcoin?” to seven CEOs—and one COO.
The executives, who lead companies both inside and outside the cryptocurrency space, offered up a series of snappy answers you can watch in the 2 minute and 30 second video above. We’ve also compiled portions of their responses:
Hikmet Ersek, CEO of Western Union, who is confronting blockchain companies that claim to challenge his company’s money transfer business: “Blockchain is definitely an interesting processing model. Coins and currencies have to be shipped by central banks—that’s what I believe. It has to be controlled by governments. … Bitcoin I don’t think has a long run.”
Sallie Krawcheck, CEO of Ellevest and a former top executive at Bank of America, had a refreshingly direct take: “I have no idea. Anyone else think they know?”
Amber Baldet, former blockchain executive at JP Morgan who now runs the blockchain start-up Clovyr: “[Bitcoin] technology is out in the wild and is being learned from and modified and, in some incarnation, the problems that it solves and the things people need from it will stick around.”
Jeremy Allaire, CEO of long-established cryptocurrency payment service Circle, said: “The role of Bitcoin is growing as a non-sovereign digital store of value that is private and un-censorable.”
Vinny Lingham, CEO of blockchain idea management service Civic: “Some people see Bitcoin as a store of value—everyone should be buying it to hold it and prevent against a global meltdown of governments. Others people believe Bitcoin is meant to be a cryptocurrency for peer-to-peer payments.”
The CEO of buzzy credit card start Brex, Henrique Dubugras, said: “I believe it will be a better way to store value in countries where the currency is pretty volatile.”
Barry Silbert, the CEO of Digital Currency Group and investor in dozens of crypto startups: “Bitcoin has all the same attributes as gold … What Bitcoin lacks in history and, arguably, cultural significance, it more than makes up in accessibility and utility.”
Adam White, COO of the New York Stock Exchange’s crypto venture, Bakkt, had this to say: “What we previously saw only in the domains of sovereign nation states—like money—now via technology and software, we can now do and accomplish in a decentralized way.”
* More Details Here
submitted by acerod1 to Business_Analyst [link] [comments]

Jeff Garzik: “Today, bitcoin faces existential threats from forks, developer drama and so on. Knowing what we know and having a clean sheet of paper, we asked what would we build and the answer is this”.

...oh, so that explains it.
The old and effective Problem-Reaction-Solution strategy. Well, effective before the current social media era, in which hidden motives can be brought to the light of day to be exposed.
I will keep posting this until the very day of the fork, with the hope that more bitcoiners learn the true nature of S2X/B2X/NYA open attack on Bitcoin disguised as an "upgrade". This is a 2X Trojan Horse, and do you know who is inside that horse? Top level banker's special-forces like Blythe Masters, Larry Summers, Glenn Hutchins (sits on the board of The Federal Reserve Bank of New York) and DCG (Digital Currency Group).
We need to keep our efforts to expose and inform people about what S2X/NYA/DCG really is. Don't trust and don't do business with these companies and individuals supporting the S2X attack on Bitcoin.
Companies:
https://coin.dance/poli
http://segwit.party/nya/
Individuals:
Those guys are pure greed, they don't care about the 7 billion of people on this planet. Expose them and don't give them your business. Starve the beast. They will regret sticking with the B2X altcoin that will go the BCH way (and all the other highjack attempts before them). Moneybadger don't care and only gets stronger and immunized after each snake-bite.
Actually >99% of the Bitcoin community supports the real Bitcoin. The centralized B2X-coin attack is only supported by a handful of rich crooks and the people they've managed to bribe with their deep pockets:
Brian Armstrong, Fred Ehrsam (ex-Goldman Sacks), Bobby Lee, Winklevoss brothers, Peter Smith, Nic Cary, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Ryan X Charles, Brian Hoffman/Sam Patterson/Chris Pacia (and all OB1 team), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Aaron Voisine/Adam Traidman/Aaron Lasher (Breadwallet team), Glenn Hutchins, Bill Barhydt and Jiang Zhuoer.
I posted this 18 days ago:
Exposed: How Bankers are trying to centralize and highjack Bitcoin by buying "supporters" and promoters (like OpenBazaar team) for the B2X (S2X/NYA) attack on Bitcoin.
TL;DR: B2X (S2X/NYA) is nothing more than an open attack on Bitcoin, not an "upgrade" as they want to sell it. This attack has no 'consensus', at all. It was "agreed" by a bunch of miners and corporations behind closed doors, with no community nor developers support. Only miners and a few millionaires that stand to profit from the B2X attack support it. The vast majority of the Bitcoin community is totally against this attack on Bitcoin. Most of those companies are under DCG group:
Every bitcoiner should know about what DCG (Digital Currency Group) is, and call out publicly the people that are working for the Corporations/Bankers against Bitcoin.
Edit: Brian Armstrong back on the list for this flip-flop. And added Winklevoss Brothers for this, and Bobby Lee for this.
submitted by readish to Bitcoin [link] [comments]

November Fork - The Facts

Update: Thank you for your appreciation on this article. I decided to publish it on Medium.  
You can find the article on this link.
 
Existing Article:
With less than a dozen days left before the SegWit2X fork, I thought I'd start gathering some facts before I start forming personal opinions and speculative conclusions. I refer to the SegWit1X chain as 1X and the SegWit2X chain as 2X for simplicity, and I have looked for very simple facts and safe assumptions. Here are the dots that I gathered:  
 
• Fork at Block 494,784. Approximate date = 16th of November.  
 
The New York Agreement: The NYA involved parties representing about 83% of the then hashing power who all agreed to both hardforks - one for SegWit and another for an increased block size of 2MB (2X) within 6 months of the former. Further details in reference 1.  
 
• It is safe to assume that miners will only mine the most profitable chain (possibly several chains in differing proportions).  
• If whales pump a single chain it will gain more value. If this happens, miners will be more inclined to mine that particular chain only. This will result in the other chain(s)potentially losing overall mining attractiveness.  
 
1X will continue to have a 1MB block and SegWit;  
2X will have a 2MB block and SegWit;  
Bitcoin Cash (Just for info right now) currently has an 8 MB block with NO SegWit;  
 
Current Price Status (Futures) on BitFinex: 2X/BTC = 0.17; 1X/BTC = 0.83  
 
Current Mining Status: 2X = Around 85% of blocks are signalling for 2X.  
It seems only a few mining pools including Slush Pool, F2Pool and Kano CKPool are not signalling Segwit2X. All Antpool (Jihan Wu) owned pools are signalling for Segwit2X and will likely continue to do so up to the fork. It is not clear if any other pools from the Segwit2X signalling group will change their minds in the meantime.  
 
Lower mining power chain: Likely to be 1X. Fees likely to be extremely high as not many miners. Difficulty adjustment could take a few weeks, if not months. Until then it will be very difficult to transfer funds. [It may be better to keep BTC on an exchange before fork, to ease liquidity cost/time if you want to sell either of the coins immediately]  
 
Double-spending: Miners (from 2X) will have an ability and incentive to double-spend on the minority chain (lower mining power chain). If you have huge mining power, you can allocate some of it to just double-spend on the minority chain. Some people will possibly lose confidence in the minority chain as a result.  
 
Replay-Protection: Neither 1X nor 2X currently have replay protection.  
 
Exchanges:
  1. Bitfinex: original chain is “BTC”, SegWit2x chain is “B2X”  
  2. BitMEX: Original chain is BTC  
  3. Bitstamp: Unknown  
  4. GDAX & Coinbase: hash power and market cap decides which chain is “BTC”  
  5. Kraken: Unknown  
  6. HitBTC: original chain is “BTC”, SegWit2x chain is “B2X”  
  7. CoinsBank: Original chain is BTC  
  8. CEX.IO: original chain is “BTC”, SegWit2x chain is “B2X”  
  9. Gemini: hash power decides which chain is “BTC”  
  10. Coinfloor: Unknown  
  11. BTCC (Updated on Twitter): BTCC will consider which of 1MB and 2MB to name as #bitcoin based on market feedback and adoption.  
Further details in reference 4.  
 
The opinion section
Vinny Lingham's opinion: 2X will outcompete 1X.  
 
Enter Bitcoin Cash: A review by Ryan X. Charles who has incorporated some of Vinny Lingham's quotes, states the following:  
 
a. BCH is a fork of BTC with same PoW, but with improved Difficulty Adjustment Algorithm (DAA). BCH cannot die, but 1X and 2X could both die. If whales shift most of their holdings to BCH (or another coin), that would incentivise the miners to mine BCH (or another coin) instead of 1X and 2X. Both 1X and 2X would lose their mining power; however Core would release an emergency update to software adding DAA like BCH (or another coin). Thus, 1X would survive, and 2X (which might not get DAA) would die.  
 
b. If 2X continues to be the dominantly mined chain, 1X will be forced to launch an emergency update to their PoW with DAA. There could be fighting between the two chains, and as a result a struggle to become dominant potentially causing altcoins to flourish.  
 
My observations
BCH is upgrading their EDA (Emergency Difficulty Adjuster) on Nov 13. See website. This will lead to reduced volatility in BCH - likely making it more attractive to more long-term miners.  
 
Mining profitability: It is currently almost equally profitable to mine either BTC or BCH.  
 
• What to keep and eye on before the fork to judge yourself where the fate of BTC is heading.  
  1. Mining signalling distribution
  2. DAA: 1X or 2X software updates to implement Difficulty Adjustment Algorithms
  3. Futures price before fork
  4. Significant whale movement
 
References:  
  1. New York Agreement  
  2. Hashing Distribution  
  3. Ryan X. Charles's opinions  
  4. Exchange listings for both chains  
  5. Interview with Vinny Lingham  
 
Update:
I recommend this article by a friend of mine who has been exploring various outcomes and their likelihood.  
Stay tuned for more content in the coming days.
submitted by tenmillionsterling to CryptoCurrency [link] [comments]

Exposed: How Bankers are trying to centralize and highjack Bitcoin by buying "supporters" and promoters (like OpenBazaar team) for the B2X (S2X/NYA) attack on Bitcoin.

*Open Bazaar was crossed-out after their S2X support retraction, see edit at bottom.
These guys have deep pockets, but as you will see below, they are funded by even deeper pockets.
We can't leave this to chance or "the markets to decide" when there is such a malicious intent to manipulate the markets by those powerful players. So that's why all the people saying: "Don't worry, S2X won't happen" or "S2X is DOA" need to stop, we are at a 'make-or-break' moment for Bitcoin. It's very dumb to underestimate them. If you don't know yet who those malicious players are, read below:
We need to keep exposing them everywhere. Using Garzik as a pawn now, after they failed when they bought Hearn and Andresen (Here are the corrupted former 'good guys'), they are using the old and effective 'Problem-Reaction-Solution' combined with the 'Divide & Conquer' strategies to try to hijack Bitcoin. Well, effective before the current social media era, in which hidden motives can be brought to the light of day to be exposed.
Public pressure works when your profits depend on your reputation. The social media criticism worked for companies like Open Bazaar, which after weeks of calling them out on their S2X support, they finally withdrew it.
Please contact the companies on these lists if you have any type of relationship with them, we have just a few days left until the fork:
Regarding OpenBazaar:
* openbazaar (OB1) developer appears to be spreading pro s2x fud. someone needs to fork their project
* PSA : Open Bazaars latest investment round was for 200K from Barry Silberts DCG (Digital Currency Group)
(See edit at the bottom)
B2X (S2X/NYA) is nothing more than an open attack on Bitcoin, not an "upgrade" as they want to sell it. This attack has no 'consensus', at all. It was "agreed" by a bunch of miners and corporations behind closed doors, with no community nor developers support. Only miners and a few millionaires that stand to profit from the B2X attack support it. The vast majority of the Bitcoin community is totally against this attack on Bitcoin. Most of those companies are under DCG group:
Every bitcoiner should know about what DCG (Digital Currency Group) is, and call out publicly these crooks and the people they bribed that are working for the Corporations/Bankers against Bitcoin:
Brian Armstrong, Winklevoss brothers, Bobby Lee, Peter Smith, Nic Cary, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Ryan X Charles, Brian Hoffman/Sam Patterson/Chris Pacia (and all OB1 team)(see edit at the bottom), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Aaron Voisine/Adam Traidman/Aaron Lasher (Breadwallet team), Glenn Hutchins (Federal Reserve Board of Directors), Bill Barhydt and Jiang Zhuoer.
Once people are informed, they won't be fooled (like all the poor guys at btc) and will follow Bitcoin instead of the S2X or Bcash or any other centralized altcoin they come up with disguised as Bitcoin.
DCG (Digital Currency Group) is the company spearheading the Segwit2x movement. The CEO of DCG is Barry Silbert, a former investment banker, and Mastercard is an investor in DCG.
Let's have a look at the people that control DCG:
http://dcg.co/who-we-are/
Three board members are listed, and one Board "Advisor." Three of the four Members/advisors are particularly interesting:
Glenn Hutchins: Former Advisor to President Clinton. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018. Yes, you read that correctly, currently sitting board member of the Federal Reserve Bank of New York.
Barry Silbert: CEO of DCG (Digital Currency Group, funded by Mastercard) who is also an Ex investment Banker at (Houlihan Lokey)
And then there's the "Board Advisor,"
Lawrence H. Summers:
"Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the post-Soviet states, and in the deregulation of the U.S financial system, including the repeal of the Glass-Steagall Act."
https://en.wikipedia.org/wiki/Lawrence_Summers
Blythe Masters:
Former executive at JPMorgan Chase.[1] She is currently the CEO of Digital Asset Holdings,[2] a financial technology firm developing distributed ledger technology for wholesale financial services.[3] Masters is widely credited as the creator of the credit default swap as a financial instrument. She is also Chairman of the Governing Board of the Linux Foundation’s open source Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the US Chamber of Digital Commerce.
https://en.wikipedia.org/wiki/Blythe_Masters
Seriously....The segwit2x deal is being pushed through by a Company funded by Mastercard, Whose CEO Barry Silbert is ex investment banker, and the Board Members of DCG include a currently sitting member of the Board of the Federal Reserve Bank of New York, and the Ex chief Economist for the World Bank and a guy responsible for the removal of Glass Steagall.
It's fair to call these guys "bankers" right?
So that's the Board of DCG. They're spearheading the Segwit2x movement. As far as who is responsible for development, my research led me to "Bitgo". I checked the "Money Map" https://i.redd.it/15auzwkq3hiz.png And sure enough, DCG is an investor in Bitgo.
(BTW, make sure you take a good look take a look at the money map and bookmark it for reference later, ^ it is really helpful.)
"Currently, development is being overseen by bitcoin security startup BitGo, with help from other developers including Bloq co-founder Jeff Garzik."
https://www.coindesk.com/bitcoins-segwit2x-scaling-proposal-miners-offer-optimistic-outlook/
So Bitgo is overseeing development of Segwit2x with Jeff Garzick. Bitgo has a product/service that basically facilitates transactions and supposedly prevents double spending. It seems like their main selling point is that they insert themselves as middlemen to ensure Double spending doesn't happen, and if it does, they take the hit, of course for a fee, so it sounds sort of like the buyer protection paypal gives you:
"Using the above multi-signature security model, BitGo can guarantee that transactions cannot be double spent. When BitGo co-signs a BitGo Instant transaction, BitGo takes on a financial obligation and issues a cryptographically signed guarantee on the transaction. The recipient of a BitGo Instant transaction can rest assured that in any event where the transaction is not ultimately confirmed in the blockchain, and loses money as a result, they can file a claim and will be compensated in full by BitGo."
Source: https://www.bitgo.com/solutions
So basically, they insert themselves as middlemen, guarantee your transaction gets confirmed and take a fee. What do we need this for though when we have a working blockchain that confirms payments in the next block already? 0-conf is safe when blocks aren't full and one confirmation should really be good enough for almost anyone on the most POW chain. So if we have a fully functional blockchain, there isn't much of a need for this service is there? They're selling protection against "The transaction not being confirmed in the Blockchain" but why wouldn't the transaction be getting confirmed in the blockchain? Every transaction should be getting confirmed, that's how Bitcoin works. So in what situation does "protection against the transaction not being confirmed in the blockchain" have value?
Is it possible that the Central Bankers that control development of Segwit2x plan to restrict block size to benefit their business model just like our good friends over at Blockstream attempted to do, although unsuccessfully as they were not able to deliver a working L2 in time?
It looks like Blockstream was an attempted corporate takeover to restrict block size and push people onto their L2, essentially stealing business away from miners. They seem to have failed, but now it almost seems like the Segwit2x might be a culmination of a very similar problem.
Also worth noting these two things, pointed out by Adrian-x:
  1. MasterCard made this statement before investing in DCG and Blockstream. (Very evident at 2:50 - enemy of digital cash watch the whole thing.) https://www.youtube.com/watch?v=Tu2mofrhw58
  2. Blockstream is part of the DCG portfolio and the day after the the NYA Barry personal thanked Adam Back for his assistant in putting the agreement together. https://twitter.com/barrysilbert/status/867706595102388224
So segwit2x takes power away from core, but then gives it to guess who...Mastercard and central bankers.
So, to recap:
Did we just spend so much time fighting and bickering with core that we totally missed the REAL takeover of Bitcoin, happening right before our eyes, by the likes of currently serving Federal Reserve Bank of New York Board Members?
And before you dismiss all those hard and documented facts as just a 'conspiracy theory', think about this:
Of course, who thought that the ones holding the centralized financial power today (famous for back-door shady plots to consolidate even more power and control), would sit on their hands and let Bitcoin just stroll in and easily take that power away from them?
So, it is not a crazy conspiracy theory, but more like the logical and expected thing to happen. Don't let it happen.
Edit: Formatting.
Edit 2: Brian Armstrong taken out of the 'bad guys' list.
Edit 3: Welp, Brian Armstrong back on the blacklist for this flip-flop. And added Winklevoss Brothers for this, and Bobby Lee for this.
Edit 4: Due to Brian Hoffman just issuing this excellent and explicit S2X/NYA support retraction, I created this post to apologize for my previous posts (calling them out for the S2X support) and I will be editing my posts to reflect this positive change. I'm gladly back to being a supporter of the great and promising project that OpenBazaar has proven to be.
Edit 5: Added Blythe Masters (How could we leave her out?).
Edit 6: Added links to lists of companies supporting S2X/NYA.
submitted by readish to Bitcoin [link] [comments]

Predicting the Outcome of the November Bitcoin Fork

On approximately November 18, Bitcoin will split into two chains: Segwit1x and Segwit2x. Because these chains share the same proof-of-work function (PoW) and neither change the difficulty adjustment algorithm (DAA), it is unlikely that both will survive simultaneously.
A complicating factor is the existence of Bitcoin Cash, a fork of Bitcoin which shares the same PoW but has in addition an improved DAA that ensures it can adjust downward in difficulty rapidly as needed in the event of miner evacuation, keeping its block interval at approximately 10 minutes on average. Bitcoin Cash cannot die, but Segwit1x and Segwit2x can both die.
These are the possible scenarios that may unfold starting November 18:
Scenario 1: The Flippening
Bitcoin Cash becomes the dominant chain measured by total PoW, Segwit1x survives with an "emergency hard fork" to a new PoW function or DAA, and Segwit2x dies.
This scenario is widely ignored or ridiculed in the Bitcoin community which is why the current price of Bitcoin is more than ten times the price of Bitcoin Cash. However, this scenario is actually the most likely due to the spectacular gains to be made by miners, speculators and businesses who game this scenario. Anyone who is in a position to cause the flippening can increase their money 10-fold in a month, followed by far higher long-term gains due to the ability of Bitcoin Cash to scale to a global audience.
If this scenario plays out, it will probably happen as follows:
Whales will buy Bitcoin Cash cheap and sell Bitcoin at its all-time highs in preparation for the flippening. Then by leveraging huge amounts of capital, whales will push the price of Bitcoin Cash up and the price of Bitcoin down at approximately the same time as the split between Segwit1x and Segwit2x.
Miners will now be incentivized to switch from Segwit1x/Segwit2x to Bitcoin Cash due to improved profitability, while Segwit1x and Segwit2x both struggle on suddenly far lower mining power. Miners themselves may also be whales and will deliberately cause the incentives to shift for their own double gain.
Segwit2x dies to due no ability to change the PoW or DAA (since that's not a part of the New York Agreement (NYA)). Segwit1x changes its PoW and survives as an altcoin branded as "Bitcoin". Many in the Segwit1x community are already comfortable with this possibility, and more certainly will be if all of their value is threatened with destruction otherwise. Over some period of time, Bitcoin Cash achieves status as the longest chain as measured by total PoW and some exchanges and businesses now regard it as being "Bitcoin".
Scenario 2: Segwit2x wins
Segwit2x becomes the dominant chain measured by total PoW, Segwit1x changes its PoW, and Bitcoin Cash survives. This is the second most likely scenario due to the fact that a vast majority of miners and a majority of businesses have committed to Segwit2x as part of the NYA. However, this scenario is strictly less likely than the above due to the lesser gains to be made. No one can multiply their value by 10-fold in a short period of time in this scenario. And the long-term future is likely to continue to have infighting, high fees, and loss of market share to altcoins - it's better for business if Bitcoin Cash wins.
Note that, even if Segwit1x has a higher price on exchanges at the time of the fork, that does not help Segwit1x much if miners stick to their agreement and continue to mine Segwit2x. See Vinny Lingham's theory about how the minority chain cannot have a higher value.
In this scenario, similar to the above, it is most likely Segwit1x will change its PoW and become an altcoin in order to ensure its chain survives.
Scenario 3: Segwit1x wins
Segwit1x becomes the dominant chain measured by total PoW, Segwit2x dies, and Bitcoin Cash survives. If the movement from the Segwit1x community is successful, Segwit2x will be prevented from occurring due to the community uprising. This scenario is less likely than the above two scenarios due to the lack of commitment from miners to mine the Segwit1x chain. Segwit1x will probably not survive on ~10% of mining power due to excessively long block times for several months. Trolling on social media is not a substitute for mining power.
In this scenario, Segwit2x completely dies as no parties in the NYA agreed to change the PoW function or DAA in order to allow it to survive.
This scenario can be encouraged by whales. If whales specifically desire to make Segwit1x the dominant chain, they can buy Segwit1x. If they are able to sustain a high price of Segwit1x due to a flood of capital that lasts beyond any insecurity, the miners are incentivized to switch back over from Segwit2x. However, this requires vastly more capital than the scenario in which Bitcoin Cash wins because the market cap of Bitcoin is more than 10 times that of Bitcoin Cash. Rational whales who actually want Bitcoin to succeed would prefer the Bitcoin Cash scenario. Other Near-Term Scenarios
There are other scenarios that are logically possible, such as the co-existence of Segwit1x and Segwit2x with no further hard forks, but they are unlikely. I believe one of the above three scenarios will almost certainly be the scenario that plays out in November.
Long-Term Scenarios
Note that if Bitcoin Cash does not achieve majority mining power and total accumulated PoW, the situation will continue to be unstable past the November 18 fork. Over the long-term, Bitcoin Cash can both achieve a larger user-base than Segwit1x/Segwit2x and, because it has a better DAA, it can't die, and will therefore continue to be a thorn in the side of Bitcoin until it ultimately acquires majority mining support and becomes labeled "Bitcoin".
However, things could easily change long-term to affect these probabilities. For instance, if Bitcoin changes its DAA to be similar to Bitcoin Cash, then Bitcoin Cash's advantage will go away and the mining dominance of Bitcoin will continue.
Thoughts?
submitted by Yanlii to BitcoinMarkets [link] [comments]

The November BTC Fork and Bitcoin Cash - The Facts

Update: Thank you for your appreciation on this article. I decided to publish it on Medium.  
You can find the article on this link.
 
Existing Article:
With less than a dozen days left before the SegWit2X fork, I have started gathering facts before I start forming personal opinions and speculative conclusions. I refer to the SegWit1X chain as 1X and the SegWit2X chain as 2X for simplicity, and I have looked for very simple facts and safe assumptions. Here are the dots that I gathered:  
 
• Fork at Block 494,784. Approximate date = 16th of November.  
 
The New York Agreement: The NYA involved parties representing about 83% of the then hashing power who all agreed to both hardforks - one for SegWit and another for an increased block size of 2MB (2X) within 6 months of the former. Further details in reference 1.  
 
• It is safe to assume that miners will only mine the most profitable chain (possibly several chains in differing proportions).  
• If whales pump a single chain it will gain more value. If this happens, miners will be more inclined to mine that particular chain only. This will result in the other chain(s)potentially losing overall mining attractiveness.  
 
1X will continue to have a 1MB block and SegWit;  
2X will have a 2MB block and SegWit;  
Bitcoin Cash (Just for info right now) currently has an 8 MB block with NO SegWit;  
 
Current Price Status (Futures) on BitFinex: 2X/BTC = 0.17; 1X/BTC = 0.83  
 
Current Mining Status: 2X = Around 85% of blocks are signalling for 2X.  
It seems only a few mining pools including Slush Pool, F2Pool and Kano CKPool are not signalling Segwit2X. All Antpool (Jihan Wu) owned pools are signalling for Segwit2X and will likely continue to do so up to the fork. It is not clear if any other pools from the Segwit2X signalling group will change their minds in the meantime.  
 
Lower mining power chain: Likely to be 1X. Fees likely to be extremely high as not many miners. Difficulty adjustment could take a few weeks, if not months. Until then it will be very difficult to transfer funds. [It may be better to keep BTC on an exchange before fork, to ease liquidity cost/time if you want to sell either of the coins immediately]  
 
Double-spending: Miners (from 2X) will have an ability and incentive to double-spend on the minority chain (lower mining power chain). If you have huge mining power, you can allocate some of it to just double-spend on the minority chain. Some people will possibly lose confidence in the minority chain as a result.  
 
Replay-Protection: Neither 1X nor 2X currently have replay protection.  
 
Exchanges:
  1. Bitfinex: original chain is “BTC”, SegWit2x chain is “B2X”  
  2. BitMEX: Original chain is BTC  
  3. Bitstamp: Unknown  
  4. GDAX & Coinbase: hash power and market cap decides which chain is “BTC”  
  5. Kraken: Unknown  
  6. HitBTC: original chain is “BTC”, SegWit2x chain is “B2X”  
  7. CoinsBank: Original chain is BTC  
  8. CEX.IO: original chain is “BTC”, SegWit2x chain is “B2X”  
  9. Gemini: hash power decides which chain is “BTC”  
  10. Coinfloor: Unknown  
  11. BTCC (Updated on Twitter): BTCC will consider which of 1MB and 2MB to name as #bitcoin based on market feedback and adoption.  
Further details in reference 4.  
 
The opinion section
Vinny Lingham's opinion: 2X will outcompete 1X.  
 
Enter Bitcoin Cash: A review by Ryan X. Charles who has incorporated some of Vinny Lingham's quotes, states the following:  
 
a. BCH is a fork of BTC with same PoW, but with improved Difficulty Adjustment Algorithm (DAA). BCH cannot die, but 1X and 2X could both die. If whales shift most of their holdings to BCH (or another coin), that would incentivise the miners to mine BCH (or another coin) instead of 1X and 2X. Both 1X and 2X would lose their mining power; however Core would release an emergency update to software adding DAA like BCH (or another coin). Thus, 1X would survive, and 2X (which might not get DAA) would die.  
 
b. If 2X continues to be the dominantly mined chain, 1X will be forced to launch an emergency update to their PoW with DAA. There could be fighting between the two chains, and as a result a struggle to become dominant potentially causing altcoins to flourish.  
 
My observations
BCH is upgrading their EDA (Emergency Difficulty Adjuster) on Nov 13. See website. This will lead to reduced volatility in BCH - likely making it more attractive to more long-term miners.  
 
Mining profitability: It is currently almost equally profitable to mine either BTC or BCH.  
 
• What to keep and eye on before the fork to judge yourself where the fate of BTC is heading.  
  1. Mining signalling distribution
  2. DAA: 1X or 2X software updates to implement Difficulty Adjustment Algorithms
  3. Futures price before fork
  4. Significant whale movement
 
References:  
  1. New York Agreement  
  2. Hashing Distribution  
  3. Ryan X. Charles's opinions  
  4. Exchange listings for both chains  
  5. Interview with Vinny Lingham  
 
submitted by tenmillionsterling to Bitcoincash [link] [comments]

Predicting the Outcome of the November Bitcoin Fork

On approximately November 18, Bitcoin will split into two chains: Segwit1x and Segwit2x. Because these chains share the same proof-of-work function (PoW) and neither change the difficulty adjustment algorithm (DAA), it is unlikely that both will survive simultaneously.
A complicating factor is the existence of Bitcoin Cash, a fork of Bitcoin which shares the same PoW but has in addition an improved DAA that ensures it can adjust downward in difficulty rapidly as needed in the event of miner evacuation, keeping its block interval at approximately 10 minutes on average. Bitcoin Cash cannot die, but Segwit1x and Segwit2x can both die.
These are the possible scenarios that may unfold starting November 18:
Scenario 1: The Flippening
Bitcoin Cash becomes the dominant chain measured by total PoW, Segwit1x survives with an "emergency hard fork" to a new PoW function or DAA, and Segwit2x dies.
This scenario is widely ignored or ridiculed in the Bitcoin community which is why the current price of Bitcoin is more than ten times the price of Bitcoin Cash. However, this scenario is actually the most likely due to the spectacular gains to be made by miners, speculators and businesses who game this scenario. Anyone who is in a position to cause the flippening can increase their money 10-fold in a month, followed by far higher long-term gains due to the ability of Bitcoin Cash to scale to a global audience.
If this scenario plays out, it will probably happen as follows:
Whales will buy Bitcoin Cash cheap and sell Bitcoin at its all-time highs in preparation for the flippening. Then by leveraging huge amounts of capital, whales will push the price of Bitcoin Cash up and the price of Bitcoin down at approximately the same time as the split between Segwit1x and Segwit2x.
Miners will now be incentivized to switch from Segwit1x/Segwit2x to Bitcoin Cash due to improved profitability, while Segwit1x and Segwit2x both struggle on suddenly far lower mining power. Miners themselves may also be whales and will deliberately cause the incentives to shift for their own double gain.
Segwit2x dies to due no ability to change the PoW or DAA (since that's not a part of the New York Agreement (NYA)). Segwit1x changes its PoW and survives as an altcoin branded as "Bitcoin". Many in the Segwit1x community are already comfortable with this possibility, and more certainly will be if all of their value is threatened with destruction otherwise. Over some period of time, Bitcoin Cash achieves status as the longest chain as measured by total PoW and some exchanges and businesses now regard it as being "Bitcoin".
Scenario 2: Segwit2x wins
Segwit2x becomes the dominant chain measured by total PoW, Segwit1x changes its PoW, and Bitcoin Cash survives. This is the second most likely scenario due to the fact that a vast majority of miners and a majority of businesses have committed to Segwit2x as part of the NYA. However, this scenario is strictly less likely than the above due to the lesser gains to be made. No one can multiply their value by 10-fold in a short period of time in this scenario. And the long-term future is likely to continue to have infighting, high fees, and loss of market share to altcoins - it's better for business if Bitcoin Cash wins.
Note that, even if Segwit1x has a higher price on exchanges at the time of the fork, that does not help Segwit1x much if miners stick to their agreement and continue to mine Segwit2x. See Vinny Lingham's theory about how the minority chain cannot have a higher value.
In this scenario, similar to the above, it is most likely Segwit1x will change its PoW and become an altcoin in order to ensure its chain survives.
Scenario 3: Segwit1x wins
Segwit1x becomes the dominant chain measured by total PoW, Segwit2x dies, and Bitcoin Cash survives. If the movement from the Segwit1x community is successful, Segwit2x will be prevented from occurring due to the community uprising. This scenario is less likely than the above two scenarios due to the lack of commitment from miners to mine the Segwit1x chain. Segwit1x will probably not survive on ~10% of mining power due to excessively long block times for several months. Trolling on social media is not a substitute for mining power.
In this scenario, Segwit2x completely dies as no parties in the NYA agreed to change the PoW function or DAA in order to allow it to survive.
This scenario can be encouraged by whales. If whales specifically desire to make Segwit1x the dominant chain, they can buy Segwit1x. If they are able to sustain a high price of Segwit1x due to a flood of capital that lasts beyond any insecurity, the miners are incentivized to switch back over from Segwit2x. However, this requires vastly more capital than the scenario in which Bitcoin Cash wins because the market cap of Bitcoin is more than 10 times that of Bitcoin Cash. Rational whales who actually want Bitcoin to succeed would prefer the Bitcoin Cash scenario. Other Near-Term Scenarios
There are other scenarios that are logically possible, such as the co-existence of Segwit1x and Segwit2x with no further hard forks, but they are unlikely. I believe one of the above three scenarios will almost certainly be the scenario that plays out in November.
Long-Term Scenarios
Note that if Bitcoin Cash does not achieve majority mining power and total accumulated PoW, the situation will continue to be unstable past the November 18 fork. Over the long-term, Bitcoin Cash can both achieve a larger user-base than Segwit1x/Segwit2x and, because it has a better DAA, it can't die, and will therefore continue to be a thorn in the side of Bitcoin until it ultimately acquires majority mining support and becomes labeled "Bitcoin".
However, things could easily change long-term to affect these probabilities. For instance, if Bitcoin changes its DAA to be similar to Bitcoin Cash, then Bitcoin Cash's advantage will go away and the mining dominance of Bitcoin will continue.
Thoughts?
submitted by Yanlii to CryptoMarkets [link] [comments]

Blockchain Entrepreneur, Ontario Regulators Seek Settlement in Namedrop Scandal

Blockchain Entrepreneur, Ontario Regulators Seek Settlement in Namedrop Scandal
The Ontario Securities Commission (OSC) along with blockchain corporation NextBlock Global Limited and its CEO Alex Tapscott, have filed for a public settlement hearing on May 9.

Tapscott and NextBlock were previously accused by the OSC Staff of the Commission of misleading prospective investors during a funding round that reportedly “raised approximately $20 million from 113 accredited investors.”

Investors were allegedly shown investor slide decks that falsely portrayed various well-known figures in the blockchain industry as NextBlock advisors. NextBlock allegedly did not inform the individuals that they were being purported as advisors to the project.

As previously reported by Cointelegraph, Tapscott returned funds to Nextblock investors shortly after Forbes revealed the investor slide debacle at the end of 2017. According to the aforementioned expose, Kathryn Haun, Vinny Lingham, Vitalik Buterin and Karen Gifford — who were pictured in the investor slide decks — all spoke to Forbes and denied being Nextblock advisors.

The upcoming hearing — set for May 13 — will determine whether an agreement reached between the Staff of the Commission and NextBlock on April 9 will be approved by the OSC.

Earlier this year, the OSC told Canadian media that it was “looking into” the cryptocurrency exchange QuadrigaCX, which sought creditor protection after the death of its founder resulted in the loss of millions of dollars worth of customer funds.

Trade Bitcoin and other cryptocurrencies with up to 100x leverage. Fast execution, low fees,available only on Bitseven

https://preview.redd.it/um5cc1hbgax21.png?width=577&format=png&auto=webp&s=5961a1c39667eaae11e861a25c28222a79204ec2
submitted by Bitcoin_Exchange7 to u/Bitcoin_Exchange7 [link] [comments]

The Spatial Summit 2018 Wrap-Up and Recap

The Spatial Summit 2018 Wrap-Up and Recap

https://preview.redd.it/yh20npdnjdy11.jpg?width=800&format=pjpg&auto=webp&s=e1dea54476db97ce354fb96d7824b401069ed930

Wow! What a weekend! More than 700 of you joined us in San Diego for the first ever Spatial Summit, and by all accounts it was an outstanding success. If you couldn’t make it, here’s what you missed — we’ll go into more detail on everything over the coming weeks.


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The XYO Network is now live!

The audience at Spatial got to see the very first XYO-enabled smart contract transaction, executed live via drone. If you missed it, you can see it on Youtube!

To the Moon with Operation Big Boy

Bryce Paul and Alex LaConde from our partnerships team discussed our plans to launch XYO Network-enabled satellites — testing of the technology could begin as early as December!


https://preview.redd.it/m5ce6bqwjdy11.jpg?width=800&format=pjpg&auto=webp&s=4fef1215a2974738df0875ea14a320d6f7145f62

Our Intelligent Exchange Strategy

Scott and the partnership team shared our plan for exchange listings — we have signed agreements with ten top exchanges and will begin listing on them later this year. The Gamma token sale will end on or before December 1st, 2018.


https://preview.redd.it/hw40ro00kdy11.jpg?width=800&format=pjpg&auto=webp&s=0919761d2adc03549624cfd4233a1670e6b0803f

New Partnership Announcements

We announced partnerships with Esri, a leading geographic information systems (GIS) provider, and the FedEx Research Institute, an incubator and research hub linked with both FedEx and the University of Memphis. We also announced a partnership with A-B Engineering, a hardware company founded by XYO community members to build custom archivists and diviners.


https://preview.redd.it/tn6z01w3kdy11.jpg?width=800&format=pjpg&auto=webp&s=77c99b4a7a5e218523e65eb160918c30737b9ba9

“Save Rasheed” Shows what Geo-dApps Can Do

Spatial attendees were the first to play Save Rasheed, a game and geo-dApp from our team in Sacramento. Players earn non-fungible tokens (NFTs) by completing missions at different locations. Unlike utility tokens like XYO, every NFT is unique — think of them as the equivalent of a signed game ball from the Super Bowl.


https://preview.redd.it/kt5jn417kdy11.jpg?width=800&format=pjpg&auto=webp&s=1581e9eaa45a9e204fd8b7013ffefb1bc1709680

Presentations and Panels from the Leading Minds in Technology

We heard from some of the biggest names in tech, finance, and crypto, including:
  • Vinny “Bitcoin Oracle” Lingham — (Co-Founder, CEO of Civic)
  • Paul Hynek (Futurist, Entrepreneur)
  • Larry Sanger (Wikipedia, Co-Founder)
  • Chris Burruss (President, Blockchain in Transportation Alliance)
  • Chris Ballinger (MOBI)
  • JR Hildebrand (Indy Car racer and Stanford University adjunct professor)
  • Marcus East (CTO, National Geographic)
  • Matthew Aaron (Host, Crypto 101)
  • Joseph Anthony (Founder and CEO, Run2Play)
  • Aditya Asgaonkar (Ethereum Casper CBC Developer)
  • Ravinder Deol (Founder, B21 Block)
  • Shawn Key (Founder and CEO, CybrToken)
  • David Kim (Blockchain Financial Specialist, CEO, Blue Block)
  • Travis Kling (Founder and Chief Investment Officer, Ikigai)
  • Ismail Malik (Founder and CEO, Blockchain Labs)
  • Dan Mapes (Founder, Verses.io)
  • Larry Pang (Head of Business Development, IoTex)
  • Paul Puey (Co-Founder and CEO, Edge Wallet)
  • Itay Radotzki (Co-Founder, Portis)
  • Nate Rush (Ethereum Casper CBC Developer)
  • Tom Teman (Co-Founder, Portis)
  • Tony Tran (Co-Founder and CTO, BeeToken)
  • And, of course, our Master of Ceremonies, Ed Helms
On a personal note, I want to say once again how amazing it was for the team to get this chance to meet so many of you. If you were there, you know how much this meant to me. If you weren’t there, don’t worry, we’ll be doing this again.
Thanks to Jessica Bernstein for taking so many amazing photos over the weekend!
We’ll have detailed write-ups of all the presentations and panels over the next few weeks!


https://preview.redd.it/dqqb0arakdy11.png?width=183&format=png&auto=webp&s=b71284dad60f9b230bec378090e82e1a3c771698

Johnny Kolasinski Head of Community XYO Network
submitted by XYONetwork to XYONetwork [link] [comments]

Will Segwit2x Bitcoin Fork will become the main Bitcoin?

As per Newyork Agreement, 80% of the miners and exchanges supported Segwit2x.
Later, Few miners and exchanges withdrew their support but still the support is comfortably above 50%.
If BTC2x gets 60%+ support, It will only make Legacy Bitcoin payments super expensive and super slow. (Might take days to send coins)
As of now, BTC top personalities like Roger ver and Vinny Lingham openly supports Segwit2x and spending millions to make it successful.
Coinbase already had said they will show BTC2x forked coin as the main Bitcoin on their exchange and the legacy Bitcoin as BTC1. However, they later changed their tone to say we will go with the one market will support.
My Personal Opinion: Bitcoin forks only weaken the Cryptocurrency image and confuse noobs. Many think of forks easy riches for those who fork as Billions are created from Thin air. I believe that forks shouldn't happen and all upgrades should be made to the legacy coin.
What does market show: with the current market situation, It looks like Bitcoin2x could be worth as much as the Bitcoin now if they get 60%+ Miner and exchanges support. Legacy Bitcoin might loose value.
What everyone should do: People should hold their Bitcoin in the wallet where they own their private key. Because an exchange might not give them BTC2x and just in case BTC2x becomes the main coin, the legacy Bitcoin will tank badly; Therefore, Everyone who own a lot of Bitcoin in hot wallets will be very poor.
Please share your opinions in the comments section!
submitted by Shazahmed11 to CryptoCurrency [link] [comments]

Chris Derose: "Its time to stop 'pretending'. You don't own Bitcoin. Now can we stick together?"

I am reprinting this with Chris's permission - originally posted on his Patreon board.
------Start Article------
You don't own Bitcoin. There, someone had to say it. Might as well be me. Owning Bitcoin was a great meme. Had an awesome run. But you don't own it, and never did. Sound delusional? Nope. By the end of this article, you will probably agree. What was once once a simple equation has become far more complex. And with that complexity comes a new understanding of what it is you bought: a UTXO.
If you know what a UTXO is - skip this paragraph, and continue on to the next one. If you don't, read on. Bitcoin uses a 'triple ledger accounting system'. What you know as 'your balance' (say, "3 bitcoins") is actually a collection of 'checks' made out to your public address. When you spend 'a bitcoin', you broadcast a check of your own. Your check allocates Satoshis from the unspent checks you hold, as the source of the funds for the next guy. That check you wrote out to the next guy? That check is now an unspent transaction output (UTXO). He can use this unspent check to repeat the procedure. This process of new checks written by sourcing unspent checks continues on indefinitely. Still confused? Here's an ancient presentation where I explain this process in greater detail. If you're a Bitcoin investor, you should understand what risk you own.
Now it's time to have a sober discussion about the ramifications.
Unlike 'pennies' or 'gold bars', every UTXO is different. Every single one is unique. Like checks, no two are identical. As such, each UTXO represents a different articulation of risk. Some UTXOs might be 'tainted' with a black market origination. These UTXO's will be hard to redeem at an exchange, and may be better suited for sale on localbitcoins.com. Selling the UTXO there, has the benefit of maintaining secrecy. This benefit will make that UTXO more valuable. Or, maybe, you want to try your luck at tumbling these UTXOs. For a fee, someone will jumble your check up and obfuscate its origin. You can redeem this newly obfuscated check on an exchange at a small total net loss. This form of UTXO risk is generally labeled 'fungibility' risk. We've had this risk for years, and by and large, it's a well understood problem. But there's a more relevant kind of UTXO risk in 2017.
I don't know what to call this newer risk, if not 'consensus' risk. See, your UTXOs were formed at a certain block height. And as a general rule, the older your UTXO, the less consensus risk that UTXO has. For example, if your UTXO was formed prior to the Bitcoin Cash fork, it can be redeemed on both Bitcoin blockchains. Depending on how old your UTXO is, it may even be redeemable on one or more of the following Bitcoin blockchains: XT, Classic, Unlimited, and even Clam. (Assuming buyers for these Bitcoins are still around.)
If you're skeptical that some UTXOs are riskier than others, ask yourself what you'd want: A older UTXO that can be spent on all bitcoins? Or a newer one, that's only available on your favorite bitocoin? The correct answer, is the UTXO that can be redeemed across all bitcoins. It's more valuable, for the simple reason that it can be spent on all networks. And many people are proud to claim the 'Bitcoin Cash' value of their UTXOs for value on the... well, Bitcoin-that-is-not-Cash.
So what you thought was 'a Bitcoin' is actually a UTXO, formed under a Bitcoin ruleset. And your UTXO is redeemable under one or more other Bitcoin rulesets. These rulesets have version numbers. And you know what? They even have names.
In fact, its kind of annoying to keep talking about the Bitcoin-that-is-not-Cash. Hell, I'd like to talk about the Bitcoin-that-is-not-Cash-and-not-xt-and-not-classic-or-unlimited-or-clams-either quite frankly. And you know what? I think investors would too. So I polled them. And that seems to be what they said.
So, I went to bitcoin.org, and I wanted to see what they would call this bitcoin, that so many people seem to want unnamed. And they call it this:
Bitcoin Core
There. That wasn't so hard. Download Bitcoin Core.
The benefits of articulating what risk we want to bear when holding UTXOs are manyfold. Take the bitcoinj, btcd, and bcoin rulesets. I know what you're thinking: they're all the same! Nope. You're completely wrong. Here's another ancient video I did. This time with Peter Todd. Peter Todd wrote a lot about the difficulties that can cause ruleset implementations to come out of sync with Bitcoin Core. There are so many, that exchanges don't bother running those implementations at all. Or when they do, they only do so to ensure that all versions of all rulesets are in sync. If you're skeptical, run a little experiment with yourself. If a weird bitcoin transaction came into a block, that caused implementations to go out of sync, which implementation would you proceed on? Do you have an answer? I bet it's Bitcoin Core. Or hey, maybe its Bitcoin Cash. But the point is the same: Consensus implementations are named and numbered. And both of those labels impact the risk of the UTXOs they produce.
Still in disbelief about the difficulty of consensus? Here's another great article on the subject. There are many others. This is an old topic, settled long ago.
And you know what? I think that's great. I love Bitcoin Core. So do most bitcoiners. Articulating our consensus risk lets us solve problems like this without government intervention. Similarly, exchanges won't want to bear the legal liabilities associated with making guesses over what consensus risk their depositors want exposure to. You may still be reluctant to stand in solidarity with your most trusted Blockchain team. I get that. I too resent that the community has fractured to the degree that it has. Blockchain ain't what it used to be.
If you thought this article was complicated, well, no one wants to have this discussion with the courts. And over time, you can expect more organizations to begin declaring this too. So, I think we should just embrace the elephant in the room. Rather than wear hats. Change our twitter handles. And do whatever crazy thing it is we do to express solidarity with a team, why not just start calling our favorite Bitcoin by its name? That seems like a reasonable way to tell the people who hold our UTXOs what to do when there's an emergency.
Belonging to a team isn't shameful. It's worked well enough for most blockchains. And really, we don't have a choice. Be proud to declare the Bitcoin you want to hold, and maybe you'll drown out those that wish to take it from you. If we stick together, maybe that will address the problems that caused us to be afraid of labeling our bitcoin to begin with. Who knows? Maybe that can even get a non-contentious hardfork out the door one of these days.
All this discussion does raise a greater question though: What is the true Bitcoin? Some people like Vinny Lingham, think it's ruleset with the largest amount of work. That's been my view. But it's a tough view these days as relations between Bitcoin Core and its miners have deteriorated. I still lean toward energy-expended as the best metric. But I don't think anyone really knows what to do. Maybe the 'true Bitcoin' is the Bitcoin with the highest market cap. Or highest volume. Or highest node count. Or... maybe we don't have a true Bitcoin. And the best that we can do is have the market asses the risk of competing rulesets.
I love core. They're great. But there's nothing more political than rulesets. We seem to be in a partisan era in the story of Bitcoin. Some people are engaging in denial. Others look forward to the ability to express solidarity with a group of specialists they trust.
What do you think?
submitted by caulds989 to Bitcoin [link] [comments]

November BTC Fork - The Facts Point to BCH

Update: Thank you for your appreciation on this article. I decided to publish it on Medium.  
You can find the article on this link.
 
Existing Article: With less than a dozen days left before the SegWit2X fork, I have started gathering facts before I start forming personal opinions and speculative conclusions. I refer to the SegWit1X chain as 1X and the SegWit2X chain as 2X for simplicity, and I have looked for very simple facts and safe assumptions. Here are the dots that I gathered:  
 
• Fork at Block 494,784. Approximate date = 16th of November.  
 
The New York Agreement: The NYA involved parties representing about 83% of the then hashing power who all agreed to both hardforks - one for SegWit and another for an increased block size of 2MB (2X) within 6 months of the former. Further details in reference 1.  
 
• It is safe to assume that miners will only mine the most profitable chain (possibly several chains in differing proportions).  
• If whales pump a single chain it will gain more value. If this happens, miners will be more inclined to mine that particular chain only. This will result in the other chain(s)potentially losing overall mining attractiveness.  
 
1X will continue to have a 1MB block and SegWit;  
2X will have a 2MB block and SegWit;  
Bitcoin Cash (Just for info right now) currently has an 8 MB block with NO SegWit;  
 
Current Price Status (Futures) on BitFinex: 2X/BTC = 0.17; 1X/BTC = 0.83  
 
Current Mining Status: 2X = Around 85% of blocks are signalling for 2X.  
It seems only a few mining pools including Slush Pool, F2Pool and Kano CKPool are not signalling Segwit2X. All Antpool (Jihan Wu) owned pools are signalling for Segwit2X and will likely continue to do so up to the fork. It is not clear if any other pools from the Segwit2X signalling group will change their minds in the meantime.  
 
Lower mining power chain: Likely to be 1X. Fees likely to be extremely high as not many miners. Difficulty adjustment could take a few weeks, if not months. Until then it will be very difficult to transfer funds. [It may be better to keep BTC on an exchange before fork, to ease liquidity cost/time if you want to sell either of the coins immediately]  
 
Double-spending: Miners (from 2X) will have an ability and incentive to double-spend on the minority chain (lower mining power chain). If you have huge mining power, you can allocate some of it to just double-spend on the minority chain. Some people will possibly lose confidence in the minority chain as a result.  
 
Replay-Protection: Neither 1X nor 2X currently have replay protection.  
 
Exchanges:
  1. Bitfinex: original chain is “BTC”, SegWit2x chain is “B2X”  
  2. BitMEX: Original chain is BTC  
  3. Bitstamp: Unknown  
  4. GDAX & Coinbase: hash power and market cap decides which chain is “BTC”  
  5. Kraken: Unknown  
  6. HitBTC: original chain is “BTC”, SegWit2x chain is “B2X”  
  7. CoinsBank: Original chain is BTC  
  8. CEX.IO: original chain is “BTC”, SegWit2x chain is “B2X”  
  9. Gemini: hash power decides which chain is “BTC”  
  10. Coinfloor: Unknown  
  11. BTCC (Updated on Twitter): BTCC will consider which of 1MB and 2MB to name as #bitcoin based on market feedback and adoption.  
Further details in reference 4.  
 
The opinion section
Vinny Lingham's opinion: 2X will outcompete 1X.  
 
Enter Bitcoin Cash: A review by Ryan X. Charles who has incorporated some of Vinny Lingham's quotes, states the following:  
 
a. BCH is a fork of BTC with same PoW, but with improved Difficulty Adjustment Algorithm (DAA). BCH cannot die, but 1X and 2X could both die. If whales shift most of their holdings to BCH (or another coin), that would incentivise the miners to mine BCH (or another coin) instead of 1X and 2X. Both 1X and 2X would lose their mining power; however Core would release an emergency update to software adding DAA like BCH (or another coin). Thus, 1X would survive, and 2X (which might not get DAA) would die.  
 
b. If 2X continues to be the dominantly mined chain, 1X will be forced to launch an emergency update to their PoW with DAA. There could be fighting between the two chains, and as a result a struggle to become dominant potentially causing altcoins to flourish.  
 
My observations
BCH is upgrading their EDA (Emergency Difficulty Adjuster) on Nov 13. See website. This will lead to reduced volatility in BCH - likely making it more attractive to more long-term miners.  
 
Mining profitability: It is currently almost equally profitable to mine either BTC or BCH.  
 
• What to keep and eye on before the fork to judge yourself where the fate of BTC is heading.  
  1. Mining signalling distribution
  2. DAA: 1X or 2X software updates to implement Difficulty Adjustment Algorithms
  3. Futures price before fork
  4. Significant whale movement
 
References:  
  1. New York Agreement  
  2. Hashing Distribution  
  3. Ryan X. Charles's opinions  
  4. Exchange listings for both chains  
  5. Interview with Vinny Lingham
 
Update: Thank you for your appreciation and support on this article. I decided to publish it on Medium.  
You can find the article on this link.
submitted by tenmillionsterling to btc [link] [comments]

Subreddit Stats: ethtrader top posts from 2016-12-11 to 2018-08-03 13:38 PDT

Period: 600.44 days
Submissions Comments
Total 990 176734
Rate (per day) 1.65 292.11
Unique Redditors 578 23161
Combined Score 823734 1756585

Top Submitters' Top Submissions

  1. 40198 points, 55 submissions: AutoModerator
    1. [ETH Daily Discussion] - 14/Jun/2017 (2930 points, 8421 comments)
    2. [ETH Daily Discussion] - 15/Jun/2017 (1959 points, 8557 comments)
    3. [ETH Daily Discussion] - 13/Jun/2017 (1764 points, 5164 comments)
    4. [ETH Daily Discussion] - 12/Jun/2017 (1354 points, 12821 comments)
    5. [ETH Daily Discussion] - 24/May/2017 (1348 points, 9422 comments)
    6. [ETH Daily Discussion] - 23/May/2017 (1237 points, 6366 comments)
    7. [ETH Daily Discussion] - 30/May/2017 (1144 points, 9015 comments)
    8. [ETH Daily Discussion] - 25/May/2017 (1022 points, 8120 comments)
    9. [ETH Daily Discussion] - 10/Jun/2017 (1007 points, 7940 comments)
    10. Daily Discussion [Serious] - 17/Jun/2017 (910 points, 2901 comments)
  2. 16397 points, 1 submission: Pracy_
    1. Everytime Bitcoin drops (16397 points, 357 comments)
  3. 11930 points, 4 submissions: Justjoshmygosh
    1. Welcome to ethtrader new people, let me save you some time (7352 points, 367 comments)
    2. This is NOT the end (2072 points, 196 comments)
    3. Welcome BACK to ethtrader (1964 points, 110 comments)
    4. Hello again, ethtrader... looks like I have some work to do (542 points, 10 comments)
  4. 11921 points, 2 submissions: _Mido
    1. Here you go (9787 points, 312 comments)
    2. How I felt this week (2134 points, 228 comments)
  5. 10537 points, 9 submissions: econoar
    1. Ethereum is now processing more transactions a day than all other cryptos combined. (4020 points, 469 comments)
    2. SEC says they don't believe ETH to be a security. (1450 points, 169 comments)
    3. Today, Ethereum has processed 50% more txs than BTC. Ethereum currently has 17 pending TX and BTC has 45k. It takes $0.006 to move Ether in less than 20 seconds. (1406 points, 281 comments)
    4. Visa, IBM, Microsoft and USAA have all posted jobs in the past week looking for Ethereum developers (866 points, 46 comments)
    5. Goldman-Backed Startup Circle Launches No-Fee Foreign Payments Service. Built on Ethereum. (858 points, 86 comments)
    6. Etheremon is completely centralized and the owners can withdrawal all the funds from the contract. (660 points, 383 comments)
    7. On average, it's 59x cheaper to send an Ethereum transaction than a Bitcoin transaction. (488 points, 31 comments)
    8. Ethereum dapps expected to launch very soon. (400 points, 131 comments)
    9. Augur will deploy their contacts on the Ethereum mainnet on July 9! (389 points, 52 comments)
  6. 9349 points, 13 submissions: thepipebomb
    1. CNBC: Why buy Ethereum? (1510 points, 145 comments)
    2. CNBC - "I love Ethereum, I think Ethereum is the one to own here." (1234 points, 158 comments)
    3. CNBC: This is an incredible buying opportunity for Ethereum (988 points, 182 comments)
    4. Please boycott Vinny Lingham's Civic ICO (900 points, 198 comments)
    5. Pantera Capital Quantitative Researcher: By 2020 Ethereum's market cap will be 10x higher than Bitcoin's (749 points, 155 comments)
    6. Amazon Web Services Partners with ConsenSys to Simplify Enterprise Blockchains (690 points, 81 comments)
    7. Sharding may launch with Casper FFG, skipping the 1500 ETH requirement for staking and lowering it to 32 (537 points, 93 comments)
    8. When is $10,000 per ETH realistic? (512 points, 487 comments)
    9. Brian Kelly of CNBC on investing in Ethereum (495 points, 128 comments)
    10. Coinbase plans to add staking (482 points, 114 comments)
  7. 9187 points, 15 submissions: DCinvestor
    1. Personal Finance Rules for Being an Effective Holder (1307 points, 237 comments)
    2. Will Proof of Stake turn ETH into the best Store of Value coin? (1086 points, 144 comments)
    3. Catalysts for ETH Price Increases Over the Next 6 to 12 Months (662 points, 135 comments)
    4. What can the earlier days of Bitcoin teach us about holding Ethereum? (632 points, 151 comments)
    5. How to Survive Crypto Investing (in this market, or in any market) (631 points, 121 comments)
    6. The Most Important Crypto Theses for 2018 (and my current feelings on this market) (602 points, 317 comments)
    7. A Re-evaluation of Ethereum as Long Term Investment (versus new market entrants) (590 points, 136 comments)
    8. Opera introduces first browser with built-in Crypto Wallet for Ethereum (535 points, 64 comments)
    9. Coinbase is trending #1 on the Apple App Store (505 points, 39 comments)
    10. It's time for investors to pursue quality, and to stop chasing shit (503 points, 85 comments)
  8. 8910 points, 5 submissions: leafac1
    1. Would You Like to See Reddit Accept ETH as a Means to Pay for Gold? (3188 points, 193 comments)
    2. Most Popular Story on CNBC Tech: 'Bitcoin’s main rival Ethereum hits a fresh record high' (2467 points, 181 comments)
    3. Tweeted today: Casper (Proof of Stake) testnet is coming. (2106 points, 230 comments)
    4. Ethereum just processed 0.46% of Visa's total tx per day. And it did so without Ethereum Dapps using scaling solutions. (627 points, 78 comments)
    5. Perspective: It seems many are currently unaware that ETH will have a lower inflation rate than BTC (and BTC-Forks) come Proof of Stake & beyond. (522 points, 134 comments)
  9. 8756 points, 12 submissions: twigwam
    1. Apple's Steve Wozniak Dumps Facebook And Thinks Ethereum Could Be The New Apple (1148 points, 80 comments)
    2. “We owe it this new generation to respect their enthusiasm about virtual currencies with a thoughtful and balanced response, not a dismissive one.” -- CFTC Chairman Giancarlo (1119 points, 62 comments)
    3. "Today Ethereum transacted over $100,000,000 PER HOUR on average, with over 53% of transactions going to smart contracts -- really speaks for Ethereum's success as a contract platform" --- Paul Kohlhaas (1115 points, 39 comments)
    4. Reddit Founder: "I’m most bullish about Ethereum simply because people are actually building on it." [MSN] (1072 points, 185 comments)
    5. Google co-founder, Sergey Brin is a last minute addition to the Blockchain Summit panel on emerging technologies. Says he is mining Ethereum with his son. (875 points, 63 comments)
    6. BREAKING: Mt. Gox ‘Bitcoin Whale’ Trustee Won’t Sell Any More BTC -- (Pretty huge news for entire space and not getting deserved media coverage) (752 points, 74 comments)
    7. L.L. Bean says it might offer discounts for clothing that tracks you using the Ethereum blockchain (529 points, 117 comments)
    8. "Vitalik is both a genius and a class act. That’s why I sold a portion of my BTC for Ethereum in addition to lots of Bitcoin Cash." @RogerkVer (490 points, 151 comments)
    9. Coinbase has a $20 billion hedge fund coming onto its platform (437 points, 31 comments)
    10. eBay joins the Ethereum Enterprise Alliance (410 points, 50 comments)
  10. 8539 points, 5 submissions: sopun
    1. Stocks VS Crypto (2269 points, 53 comments)
    2. Bitconnect, Davorcoin and other scams continue being advertised on Coinmarketcap. We should take a stand as a community and push out these people who made a career out of scamming innocents (2227 points, 147 comments)
    3. A shitcoin ICO called Prodeum just exitscammed millions of dollars from investors and left them only this message on their ICO website (1542 points, 222 comments)
    4. Trevon James erased 39 of his YouTube videos promoting BitConnect yesterday. Looks like he starts getting worried about the class action lawsuit against him (1368 points, 223 comments)
    5. Tron's TRX whitepaper raises more red flags than a workers parade in Soviet Union (1133 points, 231 comments)
  11. 8370 points, 14 submissions: Mr_Yukon_C
    1. This is what leadership looks like -- I present to you, CFTC Chairman Giancarlo (829 points, 43 comments)
    2. Millennials are afraid stocks are too risky, so they're investing in crypto (790 points, 227 comments)
    3. OmiseGo Becomes the First Ethereum Unicorn With a Market Cap of $1 Billion (755 points, 155 comments)
    4. AMERICANS: Kill bill 1241 • ethereum (696 points, 66 comments)
    5. Coinbase prepares for a monster increase in trading (689 points, 174 comments)
    6. Microsoft – Decentralized Digital Identities and Blockchain – The Future as We See It. [Building on Ethereum] (652 points, 87 comments)
    7. MakerDAO and OmiseGO: Announcing Dai and OMG Collaborations (597 points, 115 comments)
    8. Coinbase Custody is Officially Open For Business – The Coinbase Blog (589 points, 92 comments)
    9. Scaling Ethereum to hundreds to thousands of transactions per second - TODAY! (514 points, 47 comments)
    10. George Soros Prepares to Trade Cryptocurrencies (504 points, 312 comments)
  12. 8141 points, 12 submissions: BeerBellyFatAss
    1. Bitfinex now trades all pairs against ETH. It’s time for Binance and the rest of the exchanges to do so as well. (2257 points, 219 comments)
    2. Number of Users on Coinbase Surpasses Number of Brokerage Accounts at Charles Schwab (821 points, 63 comments)
    3. Omise signed an agreement on the development of a national ID utilizing the ETDA and block chains of Thailand government agencies! We will continue to work on a number of projects that utilize block chains! (795 points, 112 comments)
    4. Federal Reserve Branch Adds Cryptocurrency Price Indexes [Yes, Really] (583 points, 64 comments)
    5. Catalonia Considering Cryptocurrency Post-Independence, Advised By Ethereum Creator (503 points, 73 comments)
    6. Germany’s Largest Bitcoin Trading Platform Will Soon Add Etheruem (499 points, 46 comments)
    7. Olaf Carlson - On Bloomberg Technology (12/01) - Ethereum to Surpass Bitcoin Market Cap by YE 2018 - Great Interview! (476 points, 141 comments)
    8. Casper is Pretty Close, Sharding Number One Priority Says Vitalik Buterin (474 points, 79 comments)
    9. EOS Now Has Only 100,000 Eth Left After Weeks of Selling (451 points, 140 comments)
    10. "Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well" - Michael Novogratz (442 points, 106 comments)
  13. 7380 points, 5 submissions: EthTrader_Mod
    1. [ETH Daily Discussion] - 22/May/2017 (4035 points, 10454 comments)
    2. Daily Discussion [Serious] - 16/Jun/2017 (1359 points, 4524 comments)
    3. [ETH Daily Discussion] - 28/May/2017 (685 points, 3331 comments)
    4. [ETH Daily Discussion] - 04/Jun/2017 (653 points, 3872 comments)
    5. [ETH Daily Discussion] - 29/May/2017 (648 points, 4635 comments)
  14. 7369 points, 9 submissions: Butta_TRiBot
    1. Vitalik Buterin: If all that we accomplish is lambo memes and immature puns about "sharting", then I WILL leave. (2174 points, 426 comments)
    2. Vitalik Buterin: In my opinion, the current sharding spec as described is already good enough to get us to thousands of transactions per second (1554 points, 188 comments)
    3. Chinese Internet security giant 360 has found "a series of epic vulnerabilities" in the EOS platform. (703 points, 186 comments)
    4. Inflation rate will go down by ~90% with Casper and Sharding (3 ETH block reward -> 0.22ETH) (701 points, 214 comments)
    5. "Casper Testnet up right now and Sharding will come sooner than you think" - Karl Floersch [41:02] (501 points, 44 comments)
    6. Vitalik on Wechat: We have started developing a test version of Ethereum with sharding using python (445 points, 79 comments)
    7. Elon Musk: "Starting a candy company....Cryptocandy" (437 points, 83 comments)
    8. The reason I invested in Ethereum - motivated developers who even spend their free time explaining the tech (431 points, 79 comments)
    9. Congrats to @naterush1997 and @dannyryan for releasing v0.2 of the cbc Casper prototypes, last night! (423 points, 43 comments)
  15. 7084 points, 5 submissions: ScienceGuy9489
    1. New price target $1,000 (2993 points, 503 comments)
    2. I heard you guys miss me, looks like we're only going up from here (2100 points, 645 comments)
    3. Technical Analysis, Liftoff Due June 16th (758 points, 1019 comments)
    4. I predicted the last two liftoffs, the next one is by May 24th. (729 points, 529 comments)
    5. I predicted the last 3 liftoffs, this is a situation update (504 points, 458 comments)
  16. 6299 points, 10 submissions: jtnichol
    1. Joseph Lubin on Twitter: "#Bitcoin = A single app. #Ethereum = An entire app store. Thanks for having me on @BloombergTV, always a pleasure. https://t.co/LXKX8cF8BR" (1208 points, 89 comments)
    2. Microsoft helps launch world’s first blockchain-based investment product: settled on the public Ethereum chain. (926 points, 82 comments)
    3. This room feels like Q4 2016 all over again (774 points, 262 comments)
    4. Massive heap of rhetoric. But it needs to be said. (592 points, 245 comments)
    5. Friday Donut Day. (535 points, 52 comments)
    6. We're rocketing up in subscribers. Wow! (+1,160 subscribers today; 164% trend score) • TrendingReddits (516 points, 58 comments)
    7. Vitalik Buterin on Twitter: Plasma implementations are already happening (491 points, 73 comments)
    8. Unlisted Video Message just for Ethtrader - Thanks for helping someone on Reddit yesterday struggling with life. (476 points, 77 comments)
    9. For all the drama lately I've made you some comfort food. I love you Ethtrader. Whale sized BLT's with a quart of Bloody Mary. (393 points, 87 comments)
    10. Vitalik Buterin on Twitter: "Scalability research and development subsidy programs: https://t.co/PwbkdUHbZS" (388 points, 40 comments)

Top Commenters

  1. thepipebomb (9705 points, 581 comments)
  2. csasker (8730 points, 848 comments)
  3. DCinvestor (8271 points, 430 comments)
  4. jtnichol (8161 points, 676 comments)
  5. econoar (8044 points, 600 comments)
  6. Nooku (7550 points, 399 comments)
  7. cutsnek (7201 points, 485 comments)
  8. cyoreligion (6716 points, 373 comments)
  9. antiprosynthesis (6285 points, 730 comments)
  10. oldskool47 (5572 points, 394 comments)
  11. Libertymark (5541 points, 1050 comments)
  12. Mr_Yukon_C (5370 points, 405 comments)
  13. loveYouEth (5105 points, 275 comments)
  14. subdep (5007 points, 314 comments)
  15. IRefuseToGiveAName (5004 points, 361 comments)
  16. laughncow (4728 points, 333 comments)
  17. ethacct (4706 points, 304 comments)
  18. dillllllzzzzz (4594 points, 347 comments)
  19. ruvalm (4548 points, 260 comments)
  20. shouldbdan (4428 points, 270 comments)

Top Submissions

  1. Everytime Bitcoin drops by Pracy_ (16397 points, 357 comments)
  2. Here you go by _Mido (9787 points, 312 comments)
  3. Welcome to ethtrader new people, let me save you some time by Justjoshmygosh (7352 points, 367 comments)
  4. Dips are just happy little accidents by PaulieVideos (6217 points, 212 comments)
  5. It's one of the biggest moments of your life... what to wear? by moneyfink (5606 points, 485 comments)
  6. I'm a longterm hodler, but even i hate this sub sometimes. by shadow_op (4629 points, 286 comments)
  7. Literally.. by DAXEEY (4111 points, 162 comments)
  8. [ETH Daily Discussion] - 22/May/2017 by EthTrader_Mod (4035 points, 10454 comments)
  9. Ethereum is UP since last month! Can we get this post to all to show everyone the tides are turning quickly by saintmax (4027 points, 190 comments)
  10. Ethereum is now processing more transactions a day than all other cryptos combined. by econoar (4020 points, 469 comments)

Top Comments

  1. 1715 points: Blactory's comment in Everytime Bitcoin drops
  2. 1348 points: deleted's comment in It's one of the biggest moments of your life... what to wear?
  3. 1300 points: dwy0818's comment in Been in a coma for 23 days, about to check my portfolio
  4. 1170 points: Butterfly_Lags's comment in New price target $1,000
  5. 1106 points: mikewirkijowski's comment in Here you go
  6. 1052 points: phigo50's comment in My wife just talked me out of selling $10,000 eth
  7. 952 points: PcChip's comment in Vitalik Buterin: If all that we accomplish is lambo memes and immature puns about "sharting", then I WILL leave.
  8. 865 points: deleted's comment in Ethereum is UP since last month! Can we get this post to all to show everyone the tides are turning quickly
  9. 832 points: BroKing's comment in It's one of the biggest moments of your life... what to wear?
  10. 829 points: khalo_'s comment in Welcome to ethtrader new people, let me save you some time
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

November Fork - The Facts

With less than a dozen days left before the SegWit2X fork, I have started gathering facts before I start forming personal opinions and speculative conclusions. I refer to the SegWit1X chain as 1X and the SegWit2X chain as 2X for simplicity, and I have looked for very simple facts and safe assumptions. Here are the dots that I gathered:  
 
• Fork at Block 494,784. Approximate date = 16th of November.  
 
The New York Agreement: The NYA involved parties representing about 83% of the then hashing power who all agreed to both hardforks - one for SegWit and another for an increased block size of 2MB (2X) within 6 months of the former. Further details in reference 1.  
 
• It is safe to assume that miners will only mine the most profitable chain (possibly several chains in differing proportions).  
• If whales pump a single chain it will gain more value. If this happens, miners will be more inclined to mine that particular chain only. This will result in the other chain(s)potentially losing overall mining attractiveness.  
 
1X will continue to have a 1MB block and SegWit;  
2X will have a 2MB block and SegWit;  
Bitcoin Cash (Just for info right now) currently has an 8 MB block with NO SegWit;  
 
Current Price Status (Futures) on BitFinex: 2X/BTC = 0.17; 1X/BTC = 0.83  
 
Current Mining Status: 2X = Around 85% of blocks are signalling for 2X.  
It seems only a few mining pools including Slush Pool, F2Pool and Kano CKPool are not signalling Segwit2X. All Antpool (Jihan Wu) owned pools are signalling for Segwit2X and will likely continue to do so up to the fork. It is not clear if any other pools from the Segwit2X signalling group will change their minds in the meantime.  
 
Lower mining power chain: Likely to be 1X. Fees likely to be extremely high as not many miners. Difficulty adjustment could take a few weeks, if not months. Until then it will be very difficult to transfer funds. [It may be better to keep BTC on an exchange before fork, to ease liquidity cost/time if you want to sell either of the coins immediately]  
 
Double-spending: Miners (from 2X) will have an ability and incentive to double-spend on the minority chain (lower mining power chain). If you have huge mining power, you can allocate some of it to just double-spend on the minority chain. Some people will possibly lose confidence in the minority chain as a result.  
 
Replay-Protection: Neither 1X nor 2X currently have replay protection.  
 
Exchanges:
  1. Bitfinex: original chain is “BTC”, SegWit2x chain is “B2X”  
  2. BitMEX: Original chain is BTC  
  3. Bitstamp: Unknown  
  4. GDAX & Coinbase: hash power and market cap decides which chain is “BTC”  
  5. Kraken: Unknown  
  6. HitBTC: original chain is “BTC”, SegWit2x chain is “B2X”  
  7. CoinsBank: Original chain is BTC  
  8. CEX.IO: original chain is “BTC”, SegWit2x chain is “B2X”  
  9. Gemini: hash power decides which chain is “BTC”  
  10. Coinfloor: Unknown  
  11. BTCC (Updated on Twitter): BTCC will consider which of 1MB and 2MB to name as #bitcoin based on market feedback and adoption.  
Further details in reference 4.  
 
The opinion section
Vinny Lingham's opinion: 2X will outcompete 1X.  
 
Enter Bitcoin Cash: A review by Ryan X. Charles who has incorporated some of Vinny Lingham's quotes, states the following:  
 
a. BCH is a fork of BTC with same PoW, but with improved Difficulty Adjustment Algorithm (DAA). BCH cannot die, but 1X and 2X could both die. If whales shift most of their holdings to BCH (or another coin), that would incentivise the miners to mine BCH (or another coin) instead of 1X and 2X. Both 1X and 2X would lose their mining power; however Core would release an emergency update to software adding DAA like BCH (or another coin). Thus, 1X would survive, and 2X (which might not get DAA) would die.  
 
b. If 2X continues to be the dominantly mined chain, 1X will be forced to launch an emergency update to their PoW with DAA. There could be fighting between the two chains, and as a result a struggle to become dominant potentially causing altcoins to flourish.  
 
My observations
BCH is upgrading their EDA (Emergency Difficulty Adjuster) on Nov 13. See website. This will lead to reduced volatility in BCH - likely making it more attractive to more long-term miners.  
 
Mining profitability: It is currently almost equally profitable to mine either BTC or BCH.  
 
• What to keep and eye on before the fork to judge yourself where the fate of BTC is heading.  
  1. Mining signalling distribution
  2. DAA: 1X or 2X software updates to implement Difficulty Adjustment Algorithms
  3. Futures price before fork
  4. Significant whale movement
 
References:  
  1. New York Agreement  
  2. Hashing Distribution  
  3. Ryan X. Charles's opinions  
  4. Exchange listings for both chains  
  5. Interview with Vinny Lingham  
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What Will Be Bitcoin's Next Big Price Event?

For the price of bitcoin, the summer was anything but smooth.
Markets boomed on news of 'the Brexit', tapered off through the long-awaited halving and tumbled on the news yet another exchange had been hacked. Since then, the price has fluctuated between $550 and $600, returning to the "relative" calm observed earlier in the year.
But given bitcoin's historical volatility, analysts are already beginning to question what may trigger bitcoin's next big price swing.
As we head into the fall and winter months, a diverse set of theories are beginning to emerge about conditions that could either boost the price, or see it return to its 2015 lows.
Institutional approval
Among the potential triggers cited by analysts, the emergence of a bitcoin exchange-traded fund (ETF), an investment vehicle that generally tracks a basket of stocks or commodities, was perhaps the most often discussed.
Many market observers have been watching the status of two proposed ETFs with great interest, but for a while, there wasn't any reason to hope for developments. However, excitement for a potential market first has grown in recent weeks following the July announcement of the SolidX Bitcoin Trust and amid new filings by the Winklevoss Bitcoin Trust.
The approval of either could represent a milestone for the bitcoin community, analysts say, as the ETFs would enable authorized participants to issues shares tied to real bitcoin holdings, which could be a catalyst for new liquidity.
Daniel Masters, director of Global Advisors Bitcoin Investment Fund (GABI), noted recently that many commodities have enjoyed sharp increases in price and more robust trading activity once ETFs based on the underlying assets hit the market.
He wrote in an August blog post:
"From the early 2000s onward, there was a proliferation of ETFs covering all manner of commodity interests. In each and every case – for gold, silver, oil, natural gas, platinum, copper and even indices – the advent of the ETFs led to higher prices, more trading volume of futures and cash exchanges and higher levels of commodity futures open interest."
Should either ETF receive approval, bitcoin could enjoy a notable increase in liquidity. It was this variable that Du Jun, co-founder of Chinese exchange Huobi, singled out as potentially driving the digital currency's price higher.
"Bitcoin's liquidity depends on the future of bitcoin's value and investors' expectation to a large extent," Du said.
Technical improvements
Yet another potential boost for the bitcoin price could come in the form of a long-awaited resolution to the "scaling" debate.
Currently, blocks of transactions on the bitcoin blockchain have a storage size of just 1MB. As this puts a limitation on the number of transactions the network can process (and therefore, some argue, adoption), there has been a sometimes messy and contentious drive in the community to change it.
But due to the tricky specifics of how a change to this hard-coded limit would need to be enacted, no consensus has yet been reached. Still, that doesn't mean solutions aren't on the way, the most notable of which is Segregated Witness (SegWit), an upgrade that recently saw a preliminary code release.
While promising for the network, though, analysts seemed less enthusiastic about SegWit’s potential impact on bitcoin prices.
Cryptocurrency investment fund manager Jacob Eliosoff, for example, said investors have likely already priced in the coming change as it was announced in December and originally expected to be deployed in April.
"SegWit's release seems too gradual and widely expected (not to say overdue) to really bump the price," Eliosoff said.
Tim Enneking, chairman of investment manager EAM, struck a similar tone, adding:
"I don’t think SegWit will have anything more than an incremental and marginal impact on BTC prices, at least in the short term."
Post-Halving pressures
In one of the more unique claims, investor and entrepreneur Vinny Lingham singled out the halving of rewards on the bitcoin network as a potential influence.
The prediction may be surprising given that a planned technical change the reduced the mining reward from 25 BTC to 12.5 BTC took place earlier this summer, largely without fanfare.
But while bitcoin prices experienced little change this July, Lingham asserts its true impact has not yet been felt. In the next two-to-four weeks, forces resulting from the shift could cause the digital currency to surge, he said.
As detailed in a recent post, miners who aren't turning enough profit, he contends, may soon be forced to buy bitcoin from exchanges, an event he said was likely to trigger a "short squeeze", or a sharp increase in the price based on the lack of available supply.
He wrote in May:
"It’s the same as selling crops in the futures market and then being hit by a storm that wipes out half of your fields. The only way, technically, that this doesn’t happen, is if the price doubles on halving day (it won’t)."
Financial (in)stability
Finally, some predicted bitcoin's next major price event would be dependent on the stability of the global financial system.
Traders have repeatedly flocked to the digital currency in times of crisis, leading many market observers to label it a risk-off asset or even a "digital gold" that appeals during times of economic stress.
In the past, bitcoin has benefitted from situations such as the 'Brexit', as well as during periods of economic volatility in Greece and Cyprus.
It remains debatable how much of these increases is based on real capital flight, but there is still widespread belief that such events could come to be a powerful influencer going forward.
Huobi's Du spoke to this matter, telling CoinDesk that when the global financial system experiences volatility, investors will "look for more safe-haven investments" like bitcoin.
Another variable remains government responses to the digital currency. If major countries accept bitcoin, analysts said, it will affect both the currency's trading activity and value.
Source: coindesk.com
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What do you think about the article. Please leave the comments below.
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Rights, Ownership, Property, Money, etc. ++

meaning of ++
When claims of rights disagree A right is a moral construct, a sort of axiom upon which a sense of justice developed, such as Ken Schoolland has done in the previous post. There are bound to be dissenters from his idea of justice, so who is right about rights? On the R, we believe the individual is sovereign, while the state, if it is privileged to exist at all, is duty bound to provide security for the people (not itself). On the L, they believe the State is sovereign, and the individual, if he is privileged to exist at all, is duty bound to serve the State (the persons who are operatives of the State). Obviously, R and L cannot coexist in harmony.
The only JUST way to resolve moral disputes is SEGREGATION. Split the people who disagree into "camps" or "campuses" of agreement so that "birds of a feather can flock together". As campuses evolve over time, some may grow and visa versa, as long as citizens have the privilege to migrate out. I call this a privilege because the destination a migrant may choose has the right to deny entry. A migrant must have the default privilege of going wherever he/she is accepted. Anything less is involuntary confinement (prison). How is the split achieved? Issue a constitution that defines the qualities of a citizen, and forcibly eject everyone who fails the definition. This is an act of (group) self-defense, so force is justified.
Just a speculation, but if Reech and Leech were separated into their own segregated societies as just suggested, the Reech would prosper but the Leech would quickly run out of Reech people to plunder, as the Reech would have naturally migrated to where they are appreciated and allowed to keep their property. Since Leeches suck, they would starve.
We were talking about money, and about 3 basic types: Aristotle's classic commodity money, modern token money, and fiat currency. The first 2 real, the 3rd a fraud that exists because of laws and threats.
Store of Value ++ Recalling Aristotle's attribute of money, Portability, let's introduce the concept of value density to measure it, and compare, shall we? Let's compare two commodities, gold and water. Depending on circumstances, water can be far more intrinsically valuable than gold, but it is much less value dense. Our planet has oceans of it. Increased supply means diminished price. Gold is $788.86 / cm3. Water is extremely variable in price, but let's take bottled drinking water, (most likely at the top end of the price range) for example. At Sam's Club you can get 40 bottles at 16.9 oz per bottle for $3.98, and water has mass density 1 gm/cm3, which converts to $0.000207678 / cm3. Gold is 3,798,491 times more value dense than Sam's Club bottled water.
Recalling Aristotle's attribute of Durability, water is very durable, but easily spoiled with impurities (a sort of corrosion). This idea of spoiling brings us to the concept of isolation, or containment. Traditionally, money is stored with at least two tools: a vault and accounting. Both need to have high integrity to safely store money. Classic money did not rely on accounting. Gold is its own accountant, its amount fixed, and whoever has it, owns it. Self-accountability is an intrinsic feature of precious commodity. However, external accounts CAN be made of gold. The accounts can represent the gold, so the accounts themselves can be used as money. These accounts are social constructs which rely on trust. Next, let us move on to modern money storage.
Modern money is token, or representational, like poker chips. Since this is a social construct which relies on the trustworthiness of the ability to redeem tokens for something real, we are now in the realm of casino managements, and governments with their freakin' laws and special interests. Gov'ts are already pushing to end printed money, and force everyone to use digital fiat currency units within the existing financial services sector (privileged accountant banksta middlemen).
Accounting practice keeps track of de jure ownership. Once you have that, de facto ownership loses nearly all its importance, because the tokens are not intrinsically valuable, and redemptions are made only if the de jure relationship can be established. This is where crypto-currencies, with their intrinsic (built-in) fraud-proof accountability/ provenance really start to shine.
Cryptos are a classic form of money. WTF? you are thinking. Bitcoin (BTC), for example (the pioneer) is not "backed" by anything. That's assuming it's a token money. Au contraire, it's a classic type, with intrinsic value, which is its accountability. BTC provenance is recorded on a distributed ledger, called the blockchain. Now, this intrinsic value is not like the value of a precious metal. Bitcoin is privacy-secure, fraud proof, and in total control of its owner, needing no intermediate party (bank or credit card) to confirm and transfer funds. Bitcoin is self contained (on the blockchain and in your wallet) just as a gold coin is self contained. But to carry several tons of gold, you need a heavy truck. The equivalent value in Bitcoin, indeed ANY amount of Bitcoin, can be stored on a memory chip smaller than a dime. To ship a ton of gold around the world, you need a series of reliable carriers, guards, and security agents. To send any amount of Bitcoin around the world, you just do it on the Internet, takes a few seconds, perfectly secure, receipt confirmed in seconds or less; cost nearly zero. People are already familiar with credit cards and smart phone apps that make payments quick and easy. BTC is currently a little more of a technical challenge, but with all these new features, no wonder it is so popular!
Cryptos are new. Bitcoin's specification was published 2009. Already, newer cryptos are being created with features similar to BTC. Now I'm going to offer you, dear reader, some ideas about future money that follow logically from BTC's example.
Here we do a fast forward. Imagine the Globalist/ secret-society project for world domination is crushed. Nation states have won their independence from the Globalist unions. Continuing the trend, states have been split by a plethora of secession movements into a multitude of small territories, somewhat as it was in middle age Europe. Fiat currencies are defunct. Big banks have been broken into small banks, and most of those have gone out of business. Manipulation of commodities markets has been squelched. Inflation is no longer an official goal set by the bankstas. (Inflation is a clandestine tax which erodes value of money by increasing the supply.) A stable store of value is now the goal. The Internet has taken over many past industries and the people have come to power.
Money is not issued by government, nor by international banking cartel, but there is now a large diverse competitive market of money types offered by various businesses. They are all digital crypto-currencies. They have taken on a similarity to credit cards/ smart phone/ smart watch apps. However, they have various features that serve the interests of their owners. A new feature many of these currencies have, is they pay a yield for holding them. Gold does not do that, it just sits, corrosion-free. Digital money has morphed into income-producing securities. If cryptos can be used as tokens as well as a reliable means of accounting that cuts out the middleman bankstas, whooee, money opens up a new world of opportunity for entrepreneurs to help people develop income opportunities. Bless the Internet, as the Internet blesses us!
19 Industries The Blockchain Will Disrupt 10 min.
Liberty and Equality are not compatible As you can read in The Protocols of Zion (Basic Doctrine) the secret societies employ their mind control slogan "Liberty, Equality, Fraternity!" to sell the gullible masses on their class warfare agenda. Trouble is, if citizen's innate talents and efforts are able to put into storage the products of their life and liberty (Property), there are bound to be huge differences between citizens. The Zionists want to grab the stored wealth by gov't force. That is why they want a Tyranny of Democracy. They do mind control on the masses, which then mimic the tyranny wanted by the controllers.
Equality "It's not dispossession - it's an expansion of equality!" ABCNews/ Uncomfortable interview w/ Jared Taylor 14 min.
The conventional ideas of equality were non-existence of privileged classes (no nobility, as intended in Declaration of Independence), no special laws, justice is blind, and equality of opportunity.
But nowadays, we have two more kinds of "equality," elite persons who are above the law, (like Jon Corzine (note portrait of Paul Warbrug behind him), the Clintons, and Bill Cosby) and equality of achievement (social justice) because some minority groups were mistreated in the past by our ancestors, so now we have to give them special privileges and affirmative actions. In other words, rob from the "haves" and spread the wealth to the "have nots." This government intervention displaces results from actions, ie. promotes irresponsibility; and punishes achievement, which is a bad idea regarding personnel management. This robbing of the Reech is a Leech axiom.
Intro to Bitcoin Vinny Lingham 12 min.
What the #?!* is Bitcoin? Jeremy Rubin 16 min.
Lauren Southern speaks about Crypto-Currency 9 min.
rising food prices, cooler weather, and Cryptocoins 2. min.
ETHEREUM JUST EXPLODED TO $350 SGT rept. 8 min.
Ethereum will pass bitcoins for #1 cryptocurrency 6 min.
Is China Gaming Bitcoin? | China Uncensored 9 min.
ALL Crypto Currencies HUGE DROP After Bitcoin Exchange Cyberattack 06/15/2017 10 min.
Understanding the Boom in Cryptos (now in the speculation phase); Chas. H. Smith
China Becomes First Country in the World to Test a National Cryptocurrency (Future Society)
cryptocurrency news headlines
Ever wonder how Bitcoin (and other cryptocurrencies) actually work? 26min.
Cryptocurrency innovations 12 min.
StackExchange, Cryptos
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Bitfury George and friends - The tweets and retweets of one of the greatest experts on the planet

For the history books:
George Kikvadze‏ @BitfuryGeorge 5. Aug. One must ask who are the devs behind BCC and how they compare to "The Dream Team" devs of BTC ? Key reason I ve been Short BCC & Long BTC!
George Kikvadze retweetet Vinny Lingham‏@VinnyLingham 5. Aug. Bitcoin is going to the moon! Next stop at $3800 for a refuel. Bitcoin Cash is dead! Long live the King! More forks = more pumps!
George Kikvadze‏ @BitfuryGeorge 4. Aug. Will customers sue exchanges for delaying BCC withdrawal and costing them forgone profits as BCC is dropping like a rock ?
George Kikvadze‏ @BitfuryGeorge 4. Aug. Coinbase will have no choice but to give customers BCCs. Think of 500k-600k BCCs sold off and BTCs bought. Problem by that time BCC < $50
George Kikvadze retweetet Samson Mow‏@Excellion 3. Aug. So the only way @ViaBTC can maintain the $BCH price is to not mine any blocks? No wonder.
George Kikvadze retweetet slush‏ @slushcz 2. Aug. @ViaBTC allow BTC/BCH trading, but no way to withdraw BTC. No surprise the rate is still so high...
George Kikvadze retweetet Samson Mow‏ @Excellion 2. Aug. 76% of all $BCH have already been mined and are able to be sold. I wonder what the real price will be once trading really starts.
George Kikvadze‏ @BitfuryGeorge 30. Juli August 1st will come and go, BCC has no chance of success as it has no economic incentives for the ecosystem players. Just FUD.
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Vinny Lingham - Scaling Cryptocurrencies Must watch people of Bitcoin: Vinny Lingham Vinny Lingham's Bitcoin hard fork warning, RogerCoin ... The Future of Bitcoin by Vinny Lingham Why Civic CEO Lingham Reduced His Exposure to Bitcoin

Silicon Valley based SA entrepreneur Vinny Lingham has invested an undisclosed sum in Ovex, a Cape Town based cryptocurrency exchange, through his VC firm Newtown Partners.. The startup, which was founded last year by Tom Masojada (CPO), Jonathan Ovadia (CEO, and Product Architect) and Nikhar Ramchunder (CTO) (pictured above, from left to right), claims to make it easy for South Africans to Vinny Lingham, CEO at Civic.com and bitcoin analyst who has offered insightful analysis and accurate price predictions for bitcoin over the past few years, stated that bitcoin has proven its worthiness as a digital commodity. It was evident that traders and investors used bitcoin as a digital commodity as an alternative to traditional assets. “KoinKoin’s digital asset exchange services are immediately available and users can readily make deposits and withdrawals with their Naira based credit and debit cards in purchase of BitCoin, Ethereum and LiteCoin. KoinKoin’s digital asset exchange offers peer to peer exchange services as well as a direct fiat to cryptocurrency exchange”. If Bitcoin was not worth $28,000 by the end of last year, Moas said he would donate the lump sum to FreeRoss.org, the charity working to free jailed former Silk Road owner, Ross Ulbricht. The bet was made with Vinny Lingham, CEO of blockchain identity startup Civic. Vinny Lingham’s Take On The Crypto Bear Market – Price Ranges Below $5,000 For 3-6 Months The cryptocurrency market is in a crisis – there is an ongoing bear market that seems relentless. Bitcoin prices have fallen from an all-time high of over $19,000 and currently, trade at about $3,500.

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Vinny Lingham - Scaling Cryptocurrencies

Vinny Lingham on Bitcoin. Learn all about the world of fintech and get certified with Rise, created by Barclays at https://www.42courses.com/courses/bar... What's the significance of Bitcoin? Is it money or does it mean something larger for our lives? Vinny Lingham, Gyft CEO, explains the history of money, how to scale trust and the underlying ... Scaling Cryptocurrencies: Bitcoin & Bitcoin Cash, A Tale of Two Coins The gold market (Store of Value) is estimated at $7 trillion and the currency market (Medium of Exchange) is over $100 trillion. Vinny Lingham's realistic approach to Bitcoin is something we can all learn from. Patience is a virtue. https://www.youtube.com/watch?v=rZzI7DlaYdk https://w... Vinny is one of South Africa’s most well known technology entrepreneurs. Having founded his first company, Clicks2Customers.com, in 2003 at the age of 24, al...

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