What is Bitcoin Mining and How Does it Work? (2020 Updated)

New info on Billionaire Wife Anne-Elisabeth Hagen’s possible kidnapping/murder.

I posted about this case in October and since then there’s been a few somewhat interesting updates in the case and I wanted to let you guys know about them. I recommend reading the initial post if you haven’t yet, to familiarize yourself with the case. There’s also some additional info at the end of that first post that I added later, answering some questions people had and clearing up some confusing information. If you read the post before the update, it might be a good idea to go back and read the new bit at the end.
Some quick info on the case: Anne-Elisabeth Hagen is the missing wife of Norwegian billionaire Tom Hagen, an investor and co-founder of the company Elkraft. She’s been missing since October 31st 2018. There was a ransom note left at the crime scene, demanding 9 million Euros in crypto currency Monero. There’s been no sign of Anne-Elisabeth since, and she is now presumed to be dead.
Here is all the new info we have:
These are the codes Tom Hagen were given to use:
X Bitcoin = I confirm I want to pay. X Bitcoin = I have sent money for exchange and am waiting to obtain Monero. X Bitcoin = I will send Monero in 7 days. X Bitcoin = I have a problem, need more time. X Bitcoin = I have sent some Monero. Waiting for more. X Bitcoin = I have sent all Monero, €9 Million
The other party then had a list of codes of their own that they could use to communicate back with Tom Hagen:
X Bitcoin = Time is running out, quick or she’ll die. X Bitcoin = It’s been too long, she’s dead. X Bitcoin = Police are looking around. Not worth it for us. She’s dead. X Bitcoin = Have not received Monero. Send to the correct address. X Bitcoin = Have not received all Monero. X Bitcoin = Have received all Monero. Anne-Elisabeth will be let go in 24 hours.
The police followed the instructions in the ransom note at first. Their goal was to make it seem like law enforcement were not involved. The family made the actual decisions regarding the negotiation. The police believe that it is quite likely that the letter is fake, to steer the investigation in the wrong direction. If their main hypothesis is correct and Anne-Elisabeth was in fact murdered, not kidnapped, it would make sense to try and cover it up by making it look like something it’s not.
The police have talked about this inconvenient form of communication since the case became public and urged the alleged kidnappers to find some other way to talk. The family eventually received encrypted e-mails from the dark web. The family lawyer thinks these e-mails are from the same people and therefore credible. Some people believe they are from a third party who saw an opportunity to get money (and if so, they eventually did: Tom Hagen paid a portion of the money in July 2019 after getting another e-mail). It is after this second e-mail in July that all communication has stopped. Police thinks this lack of communication is atypical and odd behaviour on the kidnapper’s part.
And that’s it. I’ll admit, I’ve been hoping for a major break in this case since I last posted but it seems like that won’t be happening anytime soon. Anne-Elisabeth is still missing and there are no publicly known persons of interest.
Today is Mother’s Day in Norway. By all reports, Anne-Elisabeth was a beloved mother and grandmother. My thoughts go out to her children today. Let’s hope they’ll have answers soon.
Source 1 Source 2 Source 3 (In Norwegian)
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Issuing money by global central banks is a great opportunity for stablecoins," says Digital Gold Advisor Dr. Walter Tonetto

Issuing money by global central banks is a great opportunity for stablecoins,
Last week we talked with our adviser and CEO at Nusantara Trust Dr Walter Tonetto. He answered a number of questions that interest our customers.
How did you land in the cryptocurrency / blockchain space?
I was advising startup businesses in the technology space, and when 2016 came around, I asked Scotty, the feisty chief engineer of the U.S.S. Enterprise, to beam me into the heart of the finance system; I felt more and more the irresistible tug towards remodeling the current toxic financial system. Purposive remodeling, of course, is going on all the time, and it’s a knife that cuts into two directions. The vast majority of the ‘woke’ crowd actually believe that they can ‘disrupt’ the power of the elites that control all money flows. Bathing limestone statues – registering about 4 on the Mohs scale and 0 on the scale of reason -- of past leaders in district waters may give you a feeling of breathing the air of revolution and tiring unknown muscle-groups in your shanks, but think of it like a father watching his child toss around shovels of soil in a sandbox; he smiles benignly from afar, knowing it won’t change a thing; all the luxurious appointments at home won’t get touched. It is a grave illusion to suppose that by playing around with payment systems and technologies we will actually change the role and the emission of money. You may be permitted to become the shoe-shine boy in the royal household, but don’t think you will marry the princess and dilute the royal blood! But understanding the constitutive parts of power aggregation, and working over significant time-frames, allows for approaches and solutions; -- but these should come not from another adversarial position, thus merely marking a displacement of the incumbent, a change of guard, but from an authentic re-orientation, of making benefits much more widely possible and not creating monetary systems that are grossly imbalanced and highly destructive. That, and not building tech stacks, is the challenge!
What was your initial reaction to bitcoin?
Well, I was following the file-sharing service Napster since it started, around 1999 – when the U.S.S. Enterprise was sitting pier-side at Huntington Ingalls Newport shipyard, rusted and gutted, and to me the P2P sharing paradigm was always present in my mind, shining buffed and radiant, so even the centralized Napster was something wholly natural to me – Dr Sheldrake calls it morphic resonance. We live with a great deal of blurriness, though. On the one hand, we think of the virtues of sharing; on the other, there is a seemingly indefatigable impulse to control and dominate. Sean Parker, after founding and floundering with Napster, became a cocaine-snorting egotist and president of Facebook. Collecting money for a charity, he gets aggressive with people who do not follow suit. A control-freak in overdrive. Notwithstanding the technical variations, BTC, seemingly freeing us up from fiscal controls and yet showing our craving for money, exemplifies the flawed perception at the root of things. Monero, which sounds like a much faster, highoctane vehicle, a CV8-Z of the crypto-track, beats BTC in regard to privacy and fungibility, though BTC has advantages in other areas.
Which is a much more common trend nowadays?
It’s hard to make out the shapes of wild-life in the current kangaroo market we’re in. The bulls and bears have mauled one another, and the kangaroo, bereft of oxygen on account of wearing a tight mask, is hopping wildly everywhere. But clearly the possibilities of digital currencies became un-tethered via Bitcoin and the querulous and hidden Satoshi. I like to think of him more as an idea rather than as a person; an idea is generally more malleable and consequential. For instance, rather than laud the benefits of crypto for FX and cross-border payments, the possibilities of a central-bank issued digital currencyENCOMPASS THE POTENTIAL to inscribe new roles for programmable money; for how money is issued, how it is used, and what role custodial mechanisms (traditionally in the hand of commercial banks) might have. I see HUGE potential for private firms to enter the equation here, but we need more open-minded and intelligent regulators that do not always look for the rungs of the career-ladder in any move they make! A DAO could be most helpful here, but we are currently under the terror of algorithms that are not concerned with the welfare of the greatest number of people. If I had the time I would coauthor a book on this theme with a skilful mathematician (perhaps with my son, who is completing a Ph.D in near-term Quantum Algorithms).

In 2018 I was keynote speaker at the BlueWhale forum in Seoul, and I spoke about an Algorithm of Peace. I had a clutch of people approach me straight after the talk, some from Korea, others from the U.S., and ask me to develop my ideas in book form.
Where do you see the price of bitcoin going over the next few years?
I wouldn’t speculate, but since everyone is shilling it, it is bound to keep pushing north, occasional blockages otwithstanding. I always look for twists and incongruities in the usual narratives on offer. Many BTC fans talk about the unbanked, but BTC is held by what will become another elite in due course, and the unbanked will later be serving them the chilled drinks between innings, as usual.
Do you think that there’s a time for altcoins to break out and move away from the movements of bitcoin? What’s that tipping point that needs to take place?
I have some notions under which alt-coins can take the lead and leave bitcoin behind, but it’s too complex to explain the conditions for that to occur. Once very solid use-cases have been established with a clutch of alt-coins, bitcoin might begin quavering in his boots. That alt-coins should take BTC as a benchmark speaks volumes about the lack of maturity of this young and over-eager market. The fuzzy umbilical cord is always present like a foot-tangle; alt-coins must find their own ground, and clip the connection to a vagrant father. Finance needs clarity and not fuzziness. Keep in mind that many sovereign nations bridle at the calamitous influence of the US on payment systems, so nations are building their own messaging systems outside SWIFT, and their own securities exchanges are following. But remember: these are all crumbs: the U.S. can shut down payments to any recipient accounts by informing the payments company and doling out threats. And since all alt-coins and fiat currencies are connected to payment gateways in some form, the U.S. would have to begin reforming its archaic ACH structure to enable efficiencies in the financial pipes, which does not offer real-time payments functionality. This accounts for the relative simplicity (and success) of the PayPal business model (which Venmo and Dwolla later emulated without using credit cards). But understand that the elites will always protect the real crown jewels, and incite wars (or street battles and racial squabbles, as we’re witnessing in the U.S. in mid 2020) so that they can get away with major financial heists in broad daylight. It’s all smoke and mirrors, and scorched talons if you look closely: you cannot trust the reflection you will receive on a smoky pane. Only the big players know the predetermined outcome.
One fundamental misprision occurs amongst alt-coin apologetes: they fail to understand how markets move and what the designated role of money is in markets. Even if you want to displace something, you first need to understand exactly what you’re dealing with, but that is rarely the case. Yes, banks are structurally and constitutionally part of the problem, but no government will dare cross swords with them: there is still too much aggregated power. Ripple and Stellar are two Blockchains that are working with, and not against, banks, and that likely makes them much better candidates for wide acceptance.
What’s one must-read book you recommend to everyone?
That depends so very much on who’s sitting opposite me! I wouldn’t push what is not naturally aligned. But I would push a couple of films urgently, as essential viewing for everyone:
“Vaxxed: From Cover-Up to Catastrophe” (and a sequel), which profoundly shocked me, but confirmed my suspicions. Talking about books: one gets a good sense of the kind of books I would counsel people not to touch, unless an overweening impulse bade them otherwise. For instance Steve Pinker, a favourite author of Bill Gates. Pinker in Gates’ hands explains a lot about the character of the reader, the latter of whom I consider one of the most dangerous people on the planet at the moment. If we stay with Pinker for a moment, since he’s famous and fashionable (Harvard professor with a Medusa hairdo and an effete libertarian air, who in “Better Angels of Our Nature” has affirmed that man is not innately good), we note in his presentation in regard to his ineptly titled book “Enlightenment” that he falls prey to the very flaws he chastises, the classic Münchhausen trilemma (in Jakob Fries’ phrase). Picture Baron Münchhausen pulling himself out of quicksand by his own hair! That he is beholden to neoliberal befuddlement becomes clear when two of the opening images of his talk show Vladimir Putin with a rifle andDonald Trump speaking on a podium. The classic neoliberal Harvard think-tank shows reason to be failing and drowning in pious gestures to the cognoscenti and anointed. I like to look for effective counters for specious and shallow argument: for instance, Rupert Sheldrake’s “The Science Delusion” is a splendid book that bucks the Dawkins’, Pinkers and other materialists of this age. You see, if one listens to Pinker with the head alone, his pedestrian epistemology might not irk, and some ideas might appear plausible enough in a desultory encounter, but if you really want to know the meaning of things, and discover how it relates to the heart, you feel betrayed and given short shrift by him. Among the platitudes he gives out in carefully parsed syllables, the movement of his forehead and eyes betray the spirit behind the façade. Yet I always look, like Yeats, for those who “had changed their throats and had the throats of birds”!
What’s the rainbow trout of the year? Nut-like flavour, the eye still gleaming, with tender, flaky flesh? There are many books I could cite for different genres. The vast majority of modern writers, for all their accomplishments, lack genius, don’t really understand the art of writing, and so cannot hold my attention for long. For those who are open-minded and spiritual, “A Course in Miracles” cannot be bested, but don’t touch it unless you’re really willing to dive deep. There is no need to save the world, since it is nothing but projection; there is no world. You might experience the deepest sigh of relief, as if Atlas had cast off a burden after the Titanomachy. Paul Celan once remarked that “reality is not simply there, it must be sought for and won.” Snorkeling near the surface and blowing bubbles won’t cut it.
We are living in times of great manufactured unrest, which will only heighten in coming months and years, and so I would offer a guernsey to Seamus Heaney. I had met him many years ago, alas cursorily, at a symposium at Waseda University where I was working as a Gaikokujinkoshi, an Associate Professor, where another Nobel laureate, Kenzaburō Ōe and he were giving a reading. Heaney was inspired to write “The Grauballe Man” on the basis of the bog man that he had seen in a book of prehistoric times, but the troubles in Ulster were alive in him, too:
As if he had been poured in tar, he lies on a pillow of turf and seems to weep
the black river of himself. The grain of his wrists is like bog oak, the ball of his heel
like a basalt egg. His instep has shrunk cold as a swan’s foot or a wet swamp root.
Talking of Japan here, methinks, is an aculeate observation of Japan:
Cross the intersection at Shibuya Station in Tokyo on a forbidding wintry evening — touted as the world’s busiest cloverleaf — and you will feel this is Eliot’s London Bridge revisited, with quaggas (think half zebras) preserved in the tar of the five crossings; — flattened ebon bones dreaming the dreams of Pleistocene mammoths — as the mass of the dead mill past you, chasing some mirage, and often accompanied by a revenant that must have been disgorged from a Pachinko parlour. Blanched lilacs float in minarets of light beyond these bituminous quaggas, bidding the odd-toed ungulates in their psychotropic dernier cri and fuddy-duddies in theirstygian suits to sup here or buy over yonder: all tethered to their devices. One might be surprised that no cracks are forming at these arced crossings with strange requisitions folding into the hiemal air. And yet it is still more odd that so few people see this as a primped and pimped potter’s field, a graveyard for those who’ve lost their way. We’re living in an age where the multitude of the dead are pacing among us in perdurable trysts with other zombies.
The above text is from one of my unpublished works; again it speaks to me – and perhaps to you – about the quiddities of this age. There is a distinct sense of zombification taking place on the planet at the moment. Is your lineage that of Dolly, or are you magnificent and free?
Do you have any theories about who Satoshi is?
I don’t really, though I follow the haughty chit-chat at times, especially in the jejune forums LinkedIN provides. I think the person has a good reason to remain concealed (forever), but that is also a major factor why I have never fully trusted bitcoin as an investment proposition.
Keeping the provenance concealed suggests a number of things, none of them conducive to embracing bitcoin as a common form of payment.
What do you think about the prospects of gold in connection with the uncontrolled money printing by different Central Banks?
Gold is what BTC can never become, especially when its provenance remains totally unclear – as well as its likely endgame! Central Banks engage in quasi-criminal activity – and one hopes the future prudent regulator won’t be making it too difficult for people to hold gold bullion. The Perth Mint might be a splendid little dot on the global map, but beware of holding your assets in the form of gold coins: many governments will regard them as forms of payment, and may impose all manner of restrictions on the possession of it.
Let's dream a little. How stablecoins can be used after 5 years from now?
I believe the great RESET is coming – even Davos and the U.N. are alerting us to that. The Covid19 panic has been declared by more than 1500 German physicians as a “global Mafia-style deception”, and while Big Pharma and Bill Gates will likely earn trillions of dollars by the useless and potentially dangerous vaccines that will be foisted on “free” citizens, the finance system as a whole will need to be RESET. We are already receiving an inkling of how draconian and void of reason and concern for the people most governments of the world are reacting to a harmless lab-manufactured virus (virologist Prof Luc Montagnier, Nobel Laureate in medicine in 2008, said that), so it’s possible that regulators may become more tyrannical, and under some pretext or other forbid the use of alt-coins. STABLECOINS can be over-collateralized, allowing absorption of pricing fluctuations, but it will be hard to call. I believe many are bound to fail, and that even earlier, despite all their most valiant efforts: as soon as the RESET comes, which is likely to come with all manner of encumbrances. There are many reasons for the issuance of stablecoins, some having opposing views, but all are dependent on trust – and we don’tknow yet if digital currencies that governments will issue will by regulatory over-reach (including absurd compliance requirements) displace other contenders, but you can assume that the tyrannical forms of governance we are currently experiencing suggest that all kinds of skullduggery are possible.
Do you see the problem of fiat stablecoins in the fact that annual inflation constantly depreciates them? An investor who bought $1000 USDT now and sold these tokens in 10 years for $ 1000 will receive much less money.
The problem occurs if we’re converting things back into payment forms that are fundamentally flawed. Inflation and Black Swan events are the major threats to stablecoins, and tethered crypto-values to natively burdened propositions recalls my earlier idea that we have not yet cut the umbilical cord to bitcoin. On the other hand, stablecoins in their current flavour are perhaps best viewed as transitional schemata that will need later revisitation.
You are a very successful Crypto and ICO Advisor, what is the secret behind this success?
I’m not sure if I’m very successful, but I always try to shoot a straight ball. Here are two instances where my input has not been heeded in any way.
I recall one of the first ICOs I advised. I was sitting with the owner on a Telegram Channel, and after some power Q&A sessions online, we were literally hearing the millions of dollars tumble in neat digital hashes into the inbox within a couple of hours of the ICO opening. He had a bottle of Scotch on his table, and by the end of the session he had reached his hard cap and was besotted to boot! The age of digital money had placed the foolscap on his pate, but the script was no longer legible. I cannot determine if his sobriety ever returned. The prudential advice I had been giving him previously – and that we had discussed in great depth -- was over coming weeks thrown out of the window, and I assume other bottles of Scotch ended up on his desk and didn’t last long.
Here is another example. At one time a well-known ambitious individual in the U.S. cryptospace, a young lawyer, asked me if I wanted to start a crypto compliance organisation with him.
When I think of him now and the feathery assistants he congregated around him, I think of the lines in Dickens’s “Bleak House”: “Mr. Tangle’s learned friends, each armed with a little summary of eighteen hundred sheets, bob up like eighteen hammers in a pianoforte, make eighteen bows, and drop into their eighteen places of obscurity.”
Simply to continue serving wine from the same sour vats won’t do. I saw that as a prospective idea, and offered some important advice to get the ball rolling. Soon we had recruited many eager beavers to the exercise, and there was talk of it becoming an influential body. I was naïve enough to assume at the time that my co-founder, a black college asketballer with body tattoos who had a write-up in a major paper on account of his ambition and aggression, was actually interested in asking some fundamental revisionary questions about compliance in relation to the freedom of the citizen. When I suggested we don’t just copy the traditional compliance template and rather probe more deeply, he became insolent and very aggressive. That confirmed my instinct that most ambitious players in the crypto-space are actually dyed-in-the-wool bourgeois, and don’t care about improving the system itself.
What is your advice for upcoming Crypto startups and investors?
You might know the technology well, but do you know the business? Does it really deeply address, even solve, a problem? How much life experience do you have, and how well do you know the market? Can you create a market for your product or services? If yes, how will you do that? Have you only got yes-men around you, or are you willing to listen to those who speak Tacheles to you? If you’ve come to water the plant of your ego, your business will flounder. Most achievers keep their ego initially in check, and get the work done.
For investors the answer I would give is rather complex, but here’s a brief response: often the mandate of investors is very narrowly girded, and they trust their old boy networks, and rarely venture out and follow their instincts. That is foolish, and also the recipe for a dull life.
Perhaps a general observation that everybody might ponder with profit is the idea that we know really so very little of the world; that the news and information we are are offered and digest, even when it is tendered by so-called ‘experts’, is often seriously ignorant. It seems our perspective is getting narrower all the time, as if our mind is shrinking and we block out knowledge.
Let me give another current reference point. In 2020 everyone is fearful of viruses. Viruses currently have a bad rap! We have no idea what they actually are. We are always hobbling around with our fearful partisan gaze, and what is good today becomes bad tomorrow. Yet viruses are adroit and malleable messengers of inter-species DNA, in some sense regulating vast populations of organisms. Think of them as cellular simpletons: mere protein shells with few genes, but endowed with the ability to replicate easily despite their paucity of genetic instructions! They form alliances, you might say, with other forms of life. And they are deeply mysterious to our acquisitive and ignorant segmenting intelligence: how can the papillomavirus cause horns to grow on rabbits; and at the same time cause hundreds of thousands of cases of cervical cancer every year? Is one good and the other bad? It would seem so. Such simple summary, like Pinker’s reductionist view of the world, might becalm for a moment, but does not offer lasting satisfactions. To read the world along the axes of like and dislike, as the Buddha had warned us, leads to great suffering.
I’m told by someone who met Bill Gates a long time ago that the man was apparently even then obsessively fearful of viruses (imagine a pendant to Lady Macbeth, continually cleansing his hands). But do we have any clue what viruses actually are, and how they benefit us all in so many incalculable ways? When the child crawls around, it picks up antigens (bacteria and viruses) and on that basis builds its immune system. At various points of that contact and exchange new forms grow, and other forms decay and die. Like CO2, viruses are suddenly declared dangerous and that we need to shield ourselves against them. Yet how many people know that marine phages rule the world, and rule the sea? This was not discovered until 1986. An electron microscope showed that every litre of seawater contained up to one hundred billion viruses, almost as much in dollars as BillGates expects to make off vaccines in 2020. If you put these viruses end to end, they would stretch out forty-two million light-years! Viruses offer stunning genetic variety, and they are the very pulse of life! When viruses swallow oceanic microbes, they release a billion tons of carbon every day: imagine squalls of marine snowfalls, powdering the porous sand of the deep. Imagine the white nights of St Petersburg under water, celebrating the magic of life with the same skill and abandon as the Mariinsky Theatre, to an audience of gastropods, deep-water fish and lovelorn mermaids.
Seamus Heaney, when he passed in 2013, spoke the word Noli timere (“Do not fear”) to his wife as he breathed his last. Instead of being fearful, we might do well to assert that we understand nothing of the manifold wonders of this world! Let us cultivate the virtue of wonderment, and fear will find no habitation in our house:
And lonely as it is that loneliness Will be more lonely ere it will be less— A blanker whiteness of benighted snow With no expression, nothing to express.
They cannot scare me with their empty spaces Between stars—on stars where no human race is. I have it in me so much nearer home To scare myself with my own desert places.
Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf
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Spreading Crypto: In Search of the Killer Application

Spreading Crypto: In Search of the Killer Application
This is the second post of our Spreading Crypto series where we take a deep dive into what it’ll take to help this technology reach broader adoption.
Mick exploring the state of apps in crypto
Our previous post explored the history of protocols and how they only become widely adopted when a compelling application makes them more accessible and easier to use.
Crypto will be no different. Blockchain technology today is mostly all low-level protocols. As with the numerous protocols that came before, these new, decentralized protocols need killer applications.
So, how’s that going? Where is crypto’s killer application? What’s the state of application development within our industry? Today we’ll try to answer those questions. We’ll also take a close look at decentralized applications — as that’s where a lot of the developer energy and focus currently is. Let’s dive in.

Popular Crypto Applications

The most popular crypto applications today are exchanges like Coinbase and Binance — each with tens of millions of users. Other popular crypto exchanges include Kraken, Bitstamp, Gemini, and Bitfinex. In recent years, new derivatives platforms have emerged like FTX and Deribit.
The most popular crypto applications today are primarily focused on trading, speculation, and finance. This class of applications dwarfs all other types of applications in terms of users and growth. That’s either a sign of strong product/market fit, or we just haven’t yet discovered other good use-cases. Or a mix of both.
https://preview.redd.it/8rnxghfrdh551.png?width=1600&format=png&auto=webp&s=b3df8c3d87410f6b84432df79528ee4324daf04d
Beyond the fact that the most popular crypto applications are all used for speculation, another common thread is that they are all centralized.
A centralized application means that ultimate power and control rests with a centralized party (the company who built it). For example, if Coinbase or Binance wants to block you from withdrawing your funds for whatever reason (maybe for suspicious activity or fraud), they can do that. They have control of their servers so they have control of your funds.
Most popular applications that we all use daily are centralized (Netflix, Facebook, Youtube, etc). That’s the standard for modern, world-class applications today.

Decentralized Applications

Even though the most popular crypto applications are all centralized, most of the developer energy and focus in our industry is with decentralized applications (dApps) and non-custodial products.
These are products where only the user can touch or move funds. Not even the company or developer who built the application can access or control or stop funds from being moved. Only the user has control.
These applications allow users to truly become their own bank and have absolute control of their money.
They also allow users to perform blockchain transactions and interact directly with decentralized protocols. Some of the most popular non-custodial products include Ledger, MetaMask, and MyCrypto (#ProudInvestor).
While the benefits of this type of application are obvious (user has full control of their funds), it comes with a lot of tradeoffs. We will cover that later in this post.
https://preview.redd.it/rs6tj7vsdh551.png?width=1600&format=png&auto=webp&s=86fe5bca3a9466abab5e78c9873ce3b57609f2d2

Libertarianism + Crypto

If the most popular applications tend to be centralized (inside and out of crypto), why is so much of our community focused on building decentralized applications (dApps)? For the casual observer, that’s a reasonable, valid question.
“Not your keys, not your coins.”
This meme is endlessly repeated among longtime crypto hodlers. If you’re not in complete control of your crypto (i.e. using non-custodial wallets or dApps), then it’s not really your crypto.
Engrained in the early culture of Bitcoin has always been a strong distrust for centralized authority and power — including the too-big-to-fail government-backed financial system. In the midst of the Financial Crisis, Satoshi Nakamoto included this headline in Bitcoin’s genesis block: “Chancellor on brink of second bailout for banks.” There has always been a close connection between libertarianism & cryptocurrency.
So it’s no surprise that much of the crypto developer community is spending their time building applications that are non-custodial or decentralized. It’s part of the DNA, the soul, the essence of our community.
https://preview.redd.it/fy33zhkvdh551.png?width=1600&format=png&auto=webp&s=386c741f13e9119ecfcfffe1c781d09ce58704ed

Personal Experience

When I was at Mainframe, we built Mainframe OS — a platform that developers use to build and launch decentralized applications (dApps). I’m deeply familiar with what’s possible and what’s not in the world of dApps. I have the battle scars and gray hair to prove it. We’ve hosted panels around the various challenges. We’ve even produced videos poking fun at how complicated it is for end-users to interact with.
After having spent three years in the trenches of this non-custodial world, I no longer believe that decentralized applications are capable of bringing crypto to the masses.
While I totally understand and appreciate the ethos of self-sovereignty, independence, and liberty… I think it’s a terrible mistake that as a community we are spending most of our time in this area of application development. Decentralized applications will not take crypto to the masses.
Mainframe OS

Overwhelming Friction

The user friction that comes with decentralized applications is just too overwhelming. Let’s go through a few of the bigger points:
  1. Knowledge & Education: Most non-custodial products do not abstract away any of the blockchain complexity. In fact, they often expose more of it because the most loyal users are crypto nerds. Imagine how a normie n00b feels when she starts seeing words like seed phrases, public & private keys, gas limits, transaction fees, blockchain explorers, hex addresses, and confirmation times. There is a lot for a user to learn and become educated on. That’s friction. The learning curve on this is just too damn high.
  2. User Experience: It is currently impossible to create a smooth and performant user experience in non-custodial wallets or decentralized applications. Any interaction that requires a blockchain transaction will feel sluggish and slow. We built a messaging app on Ethereum and presented it at DevCon3 in Cancun. The technical constraints of blockchain technology were crushing to the user experience. We simply couldn’t create the real-time, modern messaging experience that users have come to expect from similar apps like Slack or WhatsApp. Until blockchains are closer in speed to web servers (which will be difficult given their decentralized nature), dApps will never be able to create the smooth user experience that the masses expect.
  3. Loss of Funds Risk: There is no “Forgot Password” functionality when storing your own crypto in a non-custodial wallet. There is no customer support agent you can ping. There is no company behind it that can make you whole if you make a mistake and lose your money. You are on your own. One wrong move and your money is all gone. If you lose your private key, there is no way to recover your funds. This just isn’t the type of customer support experience people want or are used to.
Onyx Messaging App

What Our Industry Has Wrong

Decentralized applications will always have a place in the market — especially among the most hardcore crypto people and parts of the world where these tools are essential. I’m personally an active user of many non-custodial products. I’m a blockchain early-adopter, I like to hold my own money, and I’m very forgiving of suboptimal UX.
However, I’m not afraid to say the poop stinks. Decentralized applications simply cannot produce the type of product experience that mainstream consumers expect.
If the goal is growth and adoption, as a community I believe we’re barking up the wrong tree. We are trying to make fetch happen. It isn’t gonna happen. Our Netscape Moment is unlikely to arrive as long as we’re focused on decentralized applications.
\"Mean Girls\" movie
There’s a reason why the most popular consumer applications are centralized (Spotify, Amazon, Instagram, etc). There’s a reason why the most popular crypto applications are centralized (Coinbase, Binance, etc).
The frameworks, tooling, infrastructure, and services to support these modern, centralized applications are mature and well-established. It’s easier to build apps that are fast & performant. It’s easier to launch apps that are convenient and on all form-factors (especially mobile). It’s easier to distribute and promote via all the major app store channels (iOS/Android). It’s easier to patch, update, and upgrade. It’s easier to experiment and iterate.
It’s easier to design, build, and launch a world-class application when it is centralized! It is why we’ve chosen this path for Genesis Block.
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Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
submitted by mickhagen to genesisblockhq [link] [comments]

ILPT: In depth guide on how you can make a lot of money anonymously (Bitcoin)

So you've all heard of the old e-whoring and DNA scams by now, but people and corporations are already starting to crack down on them. So what do you do when these techniques become obsolete? Today I present to you: Cryptoconning! (As in cryptocurrency and con). So what is cryptoconning you may ask? Well it's a quick way to make a lot of bitcoins without them being traced back to you. I have only seen this technique used once and it *almost* got me, and I usually have a good eye for scams and the like. Cryptoconning is very easy to set up, even more so than e-whoring, as it requires no external downloads apart from a social media app/IM and a cryptowallet, although most people already have these anyway (and if you don't have a wallet set up you probably shouldn't be doing this scam anyway lol).
Alright so let me explain the general idea of this scam. It relies on some small mind tricks. You know how online games always have some kind of in game currency, or a premium currency? Well the reason they work so well is because it breaks the association between money-product and adds a barrier between them (money-currency-product). Would you rather spend 5 dollars on a cosmetic item for your character, or spend 6 dollars on 600 gems, then spend 500 of them on the item and have 100 left over to spend on other purchases. Pretty self-explanatory.
So now that we have the basis of the scam out of the way, let me show you how this is gonna work. You're going to offer someone 0.06 btc if they pay you 0.006 btc. Yeah, that's it. Well sort of, let me explain further. For those of you aren't into cryptocurrency, 0.006 btc is roughly 40 dollars as of right now, and 0.06 is 400. Now you are probably thinking I'm crazy, that people would actually fall for this type of scam, but it actually works. Going back to the mind trick idea, what do you think sounds less sketchier: "hey bro i can turn 40 dollars into 400 rn just paypal me the money" or "hey bro i can turn 0.006 btc into 0.06 rn just send the btc to my address". Mathematically, the difference between 0.06 and 0.006 sounds much smaller than 40 and 400 to us, even to those who understand cryptocurrencies, that's how this scam works. So you get your victim, give them this offer (change the prices if you want), hope they go through with it and boom, free 40 dollars. That easy.
So now that you get the gist of it, I'll write a more in depth instruction guide below, starting with a checklist for what you'll need to pull off this devious scam:
- Some kind of social media app/instant messaging app. It's better to use the more popular ones, such as Instagram and Snapchat, but you can use Kik or Skype (who?) if you want.
- Fake profile. Doesn't need to be in depth like with e-whoring, just make a simple page for your bitcoin entrepreneur with a fake name, PFP etc. Your profile doesn't even need a real person, you can go for the good old Xx_bitcoinguy69_xX if you want.
- YouTube account. You'll need this to "vouch" for yourself. You can just use your main if you want or make a quick Google account as this one doesn't even need any content.
- Crytowallet. There are plenty of good wallets out there. I use Blockchain on my phone for easy access, and it requires no ID verification.
Aaaand that's all. No extra downloads required, no "[FREE] [2019] Cryptoconning pack | Over 1200 bitcoins included!!!!!" needed!
So now that everything is set up let's get to work. The first thing you are gonna want to do is promote yourself. *Don't* promote yourself as yourself, that's just stupid. That's why we use your YouTube account to vouch for yourself in the comments of bitcoin videos. Now you may be asking, what type of video should I be looking for? And the answer is any. Really, just type bitcoin in the search box and sort by upload date. For the best results however, I would look for videos titled "how to get free bitcoins" and the like, as the type of people who will be watching those videos will be pretty desperate for money. In the comments just type something along the lines of "this is a good technique but my friend has access to a crazy mining rig. he can get you 0.06 btc in a few days message him on [social media] his name is [username].". If you want to increase your percieved authenticity, try and relate your comment to the video in some way. Yes this is more time consuming but it makes you stand out from all the bots in the comments. For example, instead of leaving the comment previously mentioned, start it like "this app is pretty cool i got 0.0002 btc in a few days. will definitely take some time but my friend already started me off etc etc etc.".
Now your first victims have begun messaging you, what next? Well the next part is similar to e-whoring, so if you are experienced in that this will be a breeze. The less questions they ask, the better. This is also a good way of seeing how desperate they are, so if you feel like you can take advantage of someone, increase the prices and the "profit". Just don't go too high, and keep the difference between the price and profit low. If they start asking questions just bullshit your way through them. "Where does the money come from?" "I have access to a mining rig in Texas", "How can you get it so fast?" "We have over 350 mining rigs, with Radeon RX 460s", "How do you make a profit out of this?" "It's not my mining rig", etc etc. When they finally ask for the money, that's when you tell them about the fee. You need a good reason for this, and by far the best one is to say that you need the money to pay for the mining rig's services. This one works like a charm. So by now you should have been able to see what kind of person they are. Friendly? Go semi high with the price and if they hesitate offer to lower it a bit. Straight forward? Go somewhere in the middle-high. Asks lots of questions? Go middle and offer to lower it a bit just for them. When you've finally got them on board all you need to do is give them your wallet address and they will send the bitcoins over. Sometimes this can take a few hours or sometimes it goes through immediately, but you should recieve it the same day. And just like that, you've made yourself a quick 30-80 dollars!
Now you don't your victim to get suspicious right away, so if the transaction hasn't gone through, tell them that it hasn't, and that you will get back to them as soon as it has. If you get it immediately, say "thanks got it" and that you've started the mining rig and it will take a couple days (be specific, don't just say "a few days", say "about 74 hours") and bid your farewell to them. At this point you can just block them but if you don't risk getting reported and your account taken down you can take it further. There's a chance that your victim will ask for progress on your mining so just give them a fake amount of bitcoins according to how long it's been since you "started it". So if you said it will take 74 hours and it's been 2 days since you scammed them, say you have mined 0.0454379 btc out of the 0.06 you agreed on. After the time period is finished come up with some excuse such as you're not allowed to use the mining rig anymore, or the owners took the bitcoins. Say you're sorry and that you returned the bitcoins they sent you and that it will probably take a few hours to send. You can even fake a screenshot of the confirmed transaction if you want, just in case they ask for proof, but at this point it's safe enough to block them.
And that's how you make 100s of dollars in bitcoins per day, completely anonymous, less hassle than other methods and less risk involved! I hope you found this useful because it took me forever to write this. Below I made a pros and cons list for a quick summary. Happy scamming! :)
Pros of cryptoconning:
- Completely anonymous, can't be traced back to you, especially if you launder it through Monero
- No downloads needed (except wallet and social media, but if you're on this sub you should probably already have those!)
- Faster than other methods, both setting up and actually executing; victims are more straight forward and willing to pay
- No need to maintain relationships with victims (also a con)
- Less risk than other money making methods (DNA is being cracked down on)
- Doesn't take up your time unlike e-whoring
- Less saturated than e-whoring
Cons of cryptoconning:
- Requires you to trade bitcoins for IRL currencies if you want to move it to PayPal/bank accounts
- Requires more promotion than other methods, can't just stick a profile on kikfriender.com and let it do it's thing lol
- Victims are one time use, unlike e-whoring
- Bigger risk of account being banned
submitted by Csharpflat5 to IllegalLifeProTips [link] [comments]

Establishing a smart contract commercial scenario: Chainlink, Zk-Snarks and sharding technology work together to make the ultimate killer

This text was translated from Chinese, open following link in Chrome and translate to see all images:
https://bihu.com/article/1242138347
EDIT: found an English text with pictures:
https://medium.com/@rogerfeng/making-smart-contracts-work-for-business-how-chainlink-zk-snarks-sharding-finally-delivered-8f268af75ca2
Author: Feng Jie translation: Liu Sha
“The highest state of technology is to integrate into the various scenes of everyday life, to fade away from high-tech outerwear and become a part of everyday life.” – Mark Weiser
People in the future will not even think that smart contracts are "innovative." By that time, smart contracts would permeate every aspect of life, and people couldn't even imagine what the era of non-digital currency would look like.
Later historians may divide human business history into two eras, the pre-smart contract era and the post-smart contract era. After all, digital money has brought unprecedented changes to the nature and patterns of business practices in the real world. An anonymous member of the Chainlink community once said: "Smart contracts can change the DNA of the business."
Of course, like all the technological revolutions of the past, smart contracts also need to reach a "tipping point" to truly achieve large-scale applications. So we need to ask ourselves two questions:
  1. What exactly is this so-called tipping point?
  2. As of August 2019, have we reached this tipping point?
To reach the tipping point means unlocking the ultimate nirvana of business.
Tipping point We can think about this issue from the perspective of mainstream companies. Imagine what a perfect smart contract platform should look like. What characteristics should this platform have? Or what features must be possessed?
To reach the tipping point, you must establish a public chain with the following four characteristics:
  1. Privacy protection
  2. In addition to the cryptocurrency, the transaction can also be settled in mainstream legal currency and comply with the regulatory requirements of financial markets such as ISO 20022.
  3. Achieve scalability without sacrificing decentralization or security, that is, solving the "impossible triangle problem."
  4. Connect the external data under the chain, that is, solve the "prophecy problem."
Now that we have Chainlink, zk-snarks and sharding technology, we have reached this tipping point.
Next, let's explore how this ultimate nirvana is actually made. Our discussion will be mainly from the perspective of Ethereum, which is still the top smart contract platform for community size and mainstream applications.
So what about the private chain?
Before delving into it, I want to take the time to solve an unavoidable problem. The mainstream view has always believed that the private chain is a more suitable solution for the enterprise. Therefore, we first dialectically analyze the two advantages and two major drawbacks of the private chain.
Disadvantages
  1. Centralization leads to relatively lower security
It's not surprising that IBM and Maersk's blockchain freight alliances have a hard time finding customers who are willing to join. How can other freight companies be willing to let their biggest competitors (Maersk) verify their trading data? Only madmen dare to do this.
  1. The staking of the horses occupy the hills:
This problem is even more serious than centralization. John Wolpert, co-founder of the IBM blockchain, wrote an excellent article called Breaking the Barriers to Realize Security: Why Companies Should Embrace the Ethereum Public Chain, which he covered in detail in the article.
If every company builds its own private chain, it will lead to chaos in the mountains. Today's B2B ecosystem is very complex. Imagine the innumerable private chains of the world intertwined to form a huge "spider web." This is not only cost-effective, but also not scalable.
The starting point of the blockchain is to break down barriers instead of building more barriers.
"One day, one of your big buyers called you to ask if you want to join their private chain. You promised. The next day you received a call from the wholesaler to ask you the same question. Then came the supplier, freight. Business, insurance company or even bank, and each company may have several private chains! Finally you have to invest a lot of time and cost to operate dozens of blockchains every day . If there are partners to let you join them at this time The private chain, you might say "Forget it, or fax me the order!" ”—Paul Brody (Ernst & Young)
“Every time you connect two private chains through a system integrator, you have to pay a lot of money .”
Advantage
  1. Scalability: With the Ethereum public chain implementing fragmentation technology, this advantage is rapidly shrinking.
  2. Privacy protection: At this stage, the classification of public chain / private chain is actually not very accurate. The Aztec , Zether, and Nightfall protocols (both based on the zk-snarks protocol) effectively provide a "private chain model" for the Ethereum public chain, allowing it to switch between the public and private chains. Therefore, a more accurate classification should be the alliance chain and the public chain.
By 2020, the label of the public chain/private chain will gradually disappear. The public and private chains will no longer be two opposing concepts. Instead, the concept of publicly traded/private transactions and confidential contracts/open contracts is changed, and the scope of these transactions and contracts varies according to specific needs, either bilaterally or multilaterally or even publicly.
All in all, the private chain has two major drawbacks compared to the public chain. Not only that, but the two major advantages of the private chain are also rapidly disappearing.
“Technology will evolve over time, so there will be a variety of solutions to solve existing problems. Ultimately, the public-chain platform will have the same performance, scalability and data privacy as the private chain, while at the same time ensuring security and Decentralized."
Feature 1: Privacy protection (predictive machine and public chain privacy)
Enigma founder Guy Zyskind once joked in his MIT graduation thesis that smart contracts can only become commercially valuable if they become "confidential contracts." He later proposed that zk-snarks and Trusted Execution Environment (TEE) are the most promising solutions. He said nothing wrong.
What is zk-snarks ? Zk-snarks is a zero-knowledge proof mechanism (ZPK). So what is the zero-knowledge proof mechanism? In short: a zero-knowledge proof mechanism allows you to prove that you own certain information without revealing the content of the information.
Vitalik Buterin explained this concept in detail from a technical point of view in an article published in 2017. Hackernoon also wrote an excellent article explaining the concept in an easy-to-understand way with the example of a five-year-old child and Halloween candy.
What is the trusted execution environment? The trusted execution environment lets the code run on closed hardware, and
1 ) The guarantee result cannot be tampered with
2 ) Protecting absolute privacy, even hardware running code can't get confidential information.
The most well-known trusted execution environment is Intel SGX. Chainlink has established a partnership with Intel SGX after acquiring Tom Crier.
Ernst & Young released the Nightfall agreement on Github on May 31, 2019. A well-known accounting firm with a history of 100 years will choose to add privacy features to the public chain instead of developing a private chain. This is a problem.
Since then, the community has been actively developing on this basis, not only to improve the code, but also to develop a plug-and-play Truffle Box for those who are not good at writing code. Blockchain communities and businesses generally rarely collaborate, so these collaborations fully demonstrate the popularity of Nightfall.
Prior to this, two zk-snark-based Ethereum public chain privacy protocols were introduced, namely AZTEC (Consensys) and Zether (Stanford, JPMorgan Chase). An obvious trend is slowly taking shape.
In the field of oracles, Chainlink uses both zero-knowledge proof and a trusted execution environment to complement each other. Trusted execution environments guarantee data privacy, even for nodes that cannot access data (this feature is critical for bank accounts and API keys).
Chainlink is still trying to implement a trusted execution environment, and nodes can access data temporarily, so authentication services are also needed. Although the credible execution environment is almost 100% foolproof, in theory, a strong shield has a spear that can penetrate it. Therefore, the team is currently trying to run zk-snarks in a trusted execution environment (Thomas Hodges mentioned this in the 2019 Trufflecon Q&A session). The combination of the two can form a very robust and complete system. The attacker must find a way to strip all the layers of an onion at the same time to make any effective attack (and it is already difficult to peel off a layer of skin).
“Chainlink combines a trusted execution environment with zero-knowledge proof to build what we call a defense-in-depth system, which means they provide all the tools needed for smart contract developers, including trusted execution environments, multiple nodes, and Data sources, fine margins, reputation systems, asymmetric encryption, zero-knowledge proofs, WASM, and OTP+RNG, these features allow smart contract developers to adjust the confidentiality and cost of contracts based on specific budget and security needs. Machine, Chainlink and its four major application scenarios》
In the future, zk-snarks may be upgraded to zk-starks (a fully transparent zero-knowledge proof mechanism) that protects the system from quantum computer attacks. And the best thing about zk-starks is that it's more scalable than zk-snarks. In other words, it can better protect privacy, and the cost of gas will not increase.
If you want to learn more about zk-starks, you can read a popular science article written by Adam Luciano.
Feature 2: Scalability (scalability of predictive machines and public chains) To understand this problem, we can make an analogy like this:
A public chain is like a large enterprise, and every employee (ie, a node) must attend each meeting (ie, confirm each transaction). Imagine how inefficient this company is! Only customers who have a lot of money (ie gas fees) can get their requests to the forefront. And this is not the most serious problem. The most serious problem is that the more employees (ie nodes) who join the company, the harder it is for the company to function properly! In the end, the company not only failed to expand linearly, but also became smaller and smaller. Although this guarantees decentralization and security to the greatest extent, the price is completely abandoning scalability.
There are various temporary fire fighting solutions, but no one solution can completely solve this "impossible triangle problem." For example, EOS uses the DPOS mechanism (share authorization certification mechanism), where only 21 super nodes (many of which are well-known nodes) are responsible for verifying all transactions.
Sidechains (such as Bitcoin's Lightning Network and Ethereum's lightning network) guarantee scalability and decentralization at the expense of security.
So how to use the fragmentation technology to solve this problem? Let's make another analogy:
In reality, there is only one company that is not too much to ask everyone to attend all meetings, that is, small start-ups (that is, private chains that limit the number of nodes).
In most cases, large companies divide employees into thousands of teams (ie, shards), and each team's principal (ie, the certifier) ​​is responsible for reporting to the senior management (ie, the main chain). If people from different teams need to collaborate (and sometimes also), then they can collaborate by cross-shard receipts. If a new employee joins the company, the team can be re-segmented (ie re-sharding). This allows for linear expansion.
In fact, the process of developing a start-up to a large enterprise is surprisingly similar to the process of Ethereum 1.0 developing into Ethereum 2.0.
“The Ethereum 1.0 period is that several people who are alone are trying to build a world computer; and Ethereum 2.0 will really develop into a world computer.” Vitalik Buterin said in the first piece of the workshop.
Since Ethereum was not originally built on the principle of fragmentation, it takes seven steps to achieve the goal (this is a bit like the word morphing solitaire game). The first step is planned for January 3, 2020.
At the same time, developers can use many other blockchain platforms designed based on the fragmentation principle. Some platforms, including Zilliqa and Quarkchain, are already compatible with Chainlink.
If you want to see more in-depth technical analysis of shards, check out an article by Ramy Zhang.
In the field of oracles, Chainlink has the following two characteristics:
1 ) Use Schnorr threshold signatures to quickly reach consensus in a cost-effective manner. The next version of the chain only needs 16,000 gas.
2 ) We have previously discussed the need to use trusted execution environment hardware to ensure that nodes cannot access sensitive data. Since you have hardware in your hand, you can use it to do some actual computing work, so that you can properly reduce the amount of computation on the smart contract platform.
"With the SGX system (Town Crier) and zero-knowledge proof technology, the oracle can be truly reliable and confidential, so the boundaries between the oracle and the smart contract are beginning to flow... Our long-term strategy... is to let The predictor becomes the key chain of computing resources used by most smart contracts. We believe that the way to achieve this goal is to perform chain operations in the oracle to meet various computing needs, and then send the results to the smart contract."Chainlink White Paper, Section 6.3 (26 pages)
Of course, this “long-term strategy” has certain risks, unless Chainlink can implement a trusted execution environment and its service provider ecosystem can achieve a qualitative leap. However, the Chainlink team's vision is absolutely forward-looking: under-chain computing is a key factor in ensuring that blockchains are not dragged down by large amounts of IoT data.
The Internet of Things has dramatically increased the current state of big data. At present, most of the data is still generated on the software side, and it is not real-time data, and most of the data in the future will be real-time data generated on the sensor side. One of the big drawbacks of real-time data is that it increases storage pressure. For example, Coughlin Associates expects an unmanned car to generate 1G of data per second. This means that the same car will produce 3.6T data per hour!
The only viable solution is to do real-time analysis of the data, rather than storing the data first. In the Global Cloud Index: 2016-2021 Forecast and Methodology White Paper, Cisco predicts that more than 90% of data in 2021 will be analyzed in real time without storage.
That is to say, the essence of data is that it can only exist in just one instant. The nature of the blockchain is not to be modified, so the two are as incompatible as water and oil.
The solution is to analyze the raw data under the chain, extract the meaningful results and send them to the blockchain. The combination of fragmentation technology and trusted execution environment forms a new computing architecture, similar to the cloud computing-fog computing-edge computing architecture.
It should be noted here that it is good to improve computing power, but this is not the main purpose of the blockchain.
The fundamental purpose of the blockchain is not to reduce the original cost of computing and data storage. After all, technology giants such as Amazon, Microsoft, Google, Salesforce, Tencent, Alibaba, and Dropbox have built world-class cloud services. The centralized server wins high computational efficiency (but the blockchain will greatly improve the computational efficiency through fragmentation technology, and will catch up with it one day). The value of the blockchain is to reduce the cost of building trust. Nick Szabo calls it "social scalability" (this is a relative concept to the "operational" scalability we have been talking about). Vitalik Buterin also made it clear that the meaning of smart contracts is to accept small arithmetic delay penalties in exchange for a substantial reduction in "social costs."
Alex Coventry of the Chainlink team once raised the question: "We have missed many opportunities for cooperation and reciprocity because we can't confirm whether the other party will fulfill the promise?"
Is there any potential for data storage projects like Siacoin and IPFS? What about decentralized computing projects like SONM and Golem?
Siacoin 's core value proposition is not that its computing efficiency is higher than traditional cloud services. The cost of computing is required to split, repeat, and reassemble data. And companies are more capable of buying the latest and greatest hardware than individuals. Siacoin's core value proposition is to process data in an Airbnb-like mode, so management fees will be lower than traditional models. It also generates additional social value, such as flood control, privacy and security, and anti-censorship.
The same is true of Golem and SONM. Even with the most efficient protocol, it is inevitable that a small amount of delay will be imposed and fined to coordinate the hardware of different geographical locations. Therefore, under the condition that all other conditions are equal, the centralized hardware still has the advantage of faster computing speed. However, the core value proposition of the above project is to use the Airbnb-like model to reduce management costs.
We must strictly distinguish between "social scalability" and "operational scalability", and the two cannot be confused. I will explain these two concepts in detail when I discuss "Magic Bus and Lightweight Library" later.
Feature 3: Compatible with legal currency
Most mainstream companies do not regard cryptocurrencies as "real currencies." In addition, even if someone wants to use cryptocurrency for trading, it is very difficult to actually operate because of its high price volatility. I discussed the “price volatility problem” in detail in Chapters 8 and 9 of the previous article. These problems do not completely erase the existence value of cryptocurrencies, because cryptocurrencies also have many advantages that legal currency does not have. I am just emphasizing what we need to know more about the comfort zone of mainstream companies.
Chainlink acts as a universal API connector that triggers open banking payments. Chainlink is fully compliant with ISO 20022 and has established a long-term partnership with SWIFT (it is worth mentioning that SWIFT has not been updated for a long time and hopes to be updated after the SIBOS 2019 conference).
PSD2 will take effect on September 14, 2019. All banks in the EU will all comply with this new regulation by then. In other words, the bank must put all account data in the "front end" and can be called through the API. The approved third party (ie, the Chainlink node) can trigger the payment directly without the payment service provider.
Although the United States and Japan have not adopted similar laws, many banks still spontaneously promote the development of open banks. Banks open APIs to third-party developers to create new revenue streams and customer experiences that ultimately increase profitability. In addition, this will allow banks to better respond to competitors in the mobile payment and financial technology sectors in an APP-centric economic model.
As this open banking revolution continues, Chainlink will connect smart contracts with the world's major currencies (US dollar, euro, yen, etc.).
Only one external adapter is required to connect to the authenticated API. From a programming perspective, it is relatively simple to allow everyone in the community to contribute code to the code base (and thus achieve scalability). Chainlink has released adapters for PayPal and Mister Tango (European version of PayPal).
Feature 4: Data connection with the chain
Chainlink has been working on solving the "prophecy problem" and successfully succeeded on the main online line on May 30, 2019.
Chainlink has made many achievements in just a few months. Provable (formerly Oraclize) was successfully used on the Chainlink node and finally settled the debate about whether the predictor should be centralized or decentralized.
Synthetic Ether lost 37 million Ethercoins in a hack because it did not connect to Chainlink. Fortunately, the money was finally recovered and did not cause any loss. This lesson illustrates the importance of decentralized oracles.
In addition, both Oracle and Google have partnered with Chainlink to monetize their API data and create a virtuous circle to capture the market opportunities that Facebook missed.
There are new nodes coming online every week, and the network activity has been very high. The Chainlink team maintains a list of certified nodes in the documentation and Twitter releases. Twitter user CryptoSponge also set up a new development for the Tableau push update Chainlink team:
Regarding the importance of the current stage in the history of blockchain development, Brad Huston summed it up very brilliantly:
"The biggest problem with cryptocurrencies is to build bridges between cryptocurrencies, fiat currencies and big data. Chainlink is very beautifully narrowing the distance between the three. Now it can even be said: 'The bridge has been built.'"
Magic bus and lightweight library
Let's summarize what we discussed earlier. The real purpose of the blockchain is to reduce the cost of building trust and achieve "social scalability."
Therefore, according to this logic, the main application scenarios of platforms such as Ethereum 2.0 and Zilliqa should be in the B2B field. I quote a sentence I wrote in a previous article:
“My conclusion is: If the smart contract is successful, it will also succeed in the B2B field first.”
The private chain itself is self-contradictory and destined to fail. It has led to the phenomenon of occupying the hills, thus increasing the social cost, which is in opposition to B2B itself, and ultimately it is self-restraint. ”
Before the emergence of fragmentation technology, even simple games (ie, etheric cats) could not be smoothly run on the public chain, let alone dealing with complex B2B contracts and even changing commercial DNA. With the sharding technology, everything is ready.
Despite this, we can't use Ethereum 2.0 as an all-powerful platform. Just now we said that although it is a good thing to speed up the calculation, this is not the real purpose of Ethereum 2.0. And before we also said that due to the irreversible modification of the blockchain, it is not good to deal with a large number of fleeting real-time data of the Internet of Things. In other words, we must be soberly aware that Ethereum 2.0 will not replace traditional web 2.0. Instead, we should make better use of the real advantages of Ethereum 2.0:
“There is a new concept now, that is to think of the Ethereum main network as a global bus... We use the Ethereum 2.0 main network to treat various business resources as a working group on Slack: it can be easily built and integrated. And restructuring. The SAP inventory management system in your company, the dealer's JD Edwards ERP system, and the financial technology partner's tall blockchain system can seamlessly interface, eliminating the need to develop an infrastructure specifically for each partner." - John Wolper describes his ideal "magic bus"
Ethereum 2.0 should be an integration center, not a data center or computing center. It should be a library built specifically to store B2B contract terms (to be honest, even with fragmentation technology, the amount of data is large enough).
We should not expect Ethereum 2.0 to be an all-powerful platform, but rather develop it into a "lightweight library."
If we reorder the pyramid model just now, the architecture of the magic bus is obvious:
Of course, the positional relationship in the above model is not static. With the development of 5G technology, edge computing and IoT sensors, they may bypass the cloud to directly interact (or even bypass the fog end). If the collaboration between Iotex and Chainlink is successful, then the edge can interact directly with the trusted execution environment.
Time will tell if Airbnb's shared data storage and computing model can make management costs lower than the current mainstream Web 2.0 model. Time will also prove whether the market really needs anti-censorship, anti-tampering, security protection and privacy protection. Do users really care about these social values ​​and are willing to pay for them? Do they think these are just the icing on the cake or the most fundamental value?
in conclusion
Whether it is the battle between web2.0 and web3.0 or the battle between cryptocurrency and legal currency, one thing is beyond doubt:
We have reached the tipping point, and the era of smart contracts with commercial value has arrived.
In fact, the only problem at the moment is the time issue, and the main roadblocks have been basically cleared.
  1. When will Ethereum 2.0 finish these 7 stages and be officially released?
  2. When will Chainlink use a trusted execution environment on a large scale? If the cooperation between Intel SGX and Town Crier fails, what alternative plans are there? Will Chainlink communicate with other blockchain teams that plan to use a trusted execution environment (such as Dawn Song's Oasis Labs)?
At present, the main technical problems in the ecosystem have been solved, and now it is only necessary to recruit a group of enthusiastic developers to do the work of “connecting the line”.
Digital currency has changed commercial DNA, and the future is full of possibilities.
The only thing that hinders us now is our own imagination. The future is infinitely imaginative, and the future will be the world of developers. Dapps is already overwhelming. There is no doubt that we have found the ultimate nirvana.
This text was translated from Chinese, open following in Chrome and translate to see all images:
https://bihu.com/article/1242138347
submitted by QuantLink to LINKTrader [link] [comments]

Looking for frontend developers and artists for building CryptoPandas during the SLP hackathon!

We’re looking for experts for building CryptoPandas during the SLP hackathon.
CryptoPandas is basically an adaptation of CryptoKitties to the Bitcoin Cash blockchain, but with lower fees and an (arguably) cuter species.
CryptoPandas uses SLP NFT1 tokens to represent the genome of a panda. New pandas can be birthed by anyone who has a male and a female panda. Only panda tokens following the birthing specification will be considered valid, similar to how only SLP transactions have to follow the SLP rules, albeit invalid token transactions may exist on the blockchain.
For the user, the process looks as follows:
For the implementation during the hackathon, the following has to be implemented:
This would require the following experts: - A Script/CashScript developer (that could be me). - An SLP-savvy backend developer (could be me too). - A general backend developer who sets up the APIs for the frontend and does the panda validation. - An SLP-savvy frontend developer (assuming WebAssembly is an option, that would be pretty much the same as the above) for performing the birthing process. - A panda-savvy artist who’s able to create different layers for different traits of pandas (definitely not me). - A general frontend developer who’s good at creating a good UX (absolutely not me).
If any of the above seem attractive to you, please write me on telegram: @tobiassan
The technical process looks as follows (review SLP NFT1 specification for SLP details):
While this scheme is quite complex, it fully non-interactive, ie. the only thing the operators of CryptoPandas have to do is maintain a pool of anyone-can-spend parent tokens. Verification has the same properties as the Simple Ledger Protocol, meaning to verify a panda token, a DAG check has to be performed.
submitted by eyeofpython to btc [link] [comments]

Why DNA is different from other project and How does it work?

Why DNA is different from other project and How does it work?
Dualchain Network Architecture is a combination of a decentralized, censorship resistant architecture and a scalable, programmable, fast architecture. It is a paradigm shift for the industry, aimed at addressing the specific issues present in modern blockchains as mentioned. Instead of compromising scalability for decentralization or vice versa, the Dualchain Network Architecture (DNA) introduces an innovative, faster blockchain which runs parallel to the original mainnet. It is designed with the capacity to manage high transaction volumes on a per second basis. The introduction of a Dualchain structure optimizes scalability and decentralization by taking advantage of the benefits of different consensus algorithms, and for far greater interoperability when the protocol is adopted on other blockchains
https://preview.redd.it/dcvp3y6srq641.png?width=812&format=png&auto=webp&s=1388ed93e56ac08a6f542f2503ff7c470d690d1a

What is DNA :
The Metaverse Dualchain Network Architecture (DNA) is a system that provides scalability, security, decentralization and speedy operations, all at a time, to its users. The DNA is a direct opposite of the regular Blockchain projects which lacks all these features and so is inefficient. So it is safe to say that the Metaverse DNA a superior Blockchain and a game-changer for the different projects which adopt Metaverse.

https://preview.redd.it/6my36wn8yq641.png?width=567&format=png&auto=webp&s=6e9c4d710313d846fb651b13a3b91bf273319ff2

What is the relation between DNA and Metaverse?
DNA is a Metaverse blockchain based project and associate branch of Metaverse. Especially, there is applied Dualchain network concept on DNA and built on three core blockchain pillars : Security, Scalability, and Interoperability. The Dualchain Network Architecture DNA by metaverse blockchain. All technical support is provided by Metaverse technical team. To concern for you, DNA will be able to scale without damaging its compatibility and sacrificing its interoperability.

How Dualchain Design and work ?
DNA’s Dual Chain design is inspired by the layered design of the Internet. The Internet utilizes a layered protocol architecture to address each functionality separately. Internet’s interoperability is achieved when the Internet Protocol (IP) abstracted away the differences between different networking technologies. This layered abstraction design creates a common infrastructure for all sorts of different applications to connect and communicate despite the differences in the underlying network they use. Similarly, instead of trying to tackle both scalability and interoperability in one big monolithic layer, DNA adopts a layered design addressing the two issues separately in two distinct layers – the Performance Layer (DNA-PL) and the Interoperability Layer (DNA-IL). Dividing a system into multiple sub-layers gives each layer the flexibility to evolve separately and independently. As we’ve seen, this feature has allowed the Internet to be grow and scale at incredible speed as it upgrades from dial-up to fiber optic, 4G and 5G links. The speed of Internet’s growth and the success of its interoperability would have been very difficult without its layered protocol architecture that addresses each functionality separately in different layers. Like the Internet, DNA’s divided layered architecture will allow DNA-IL to improve Interoperability independently without affecting the performance of the DNA-PL layer. Similarly, DNA will be able to scale without damaging its compatibility and sacrificing its interoperability.
https://preview.redd.it/hurxkvlfzq641.png?width=719&format=png&auto=webp&s=f85222bd25825f4020a678208497506d3b546a98
How can node work in Dualchain network :

https://preview.redd.it/uoniqqlu1r641.png?width=699&format=png&auto=webp&s=6947acdf0b657002a892d76b8a5b7a47e19f9fdf
  1. Super Nodes : Super Nodes are elected or replaced by consensus among Regular Nodes and make decisions on any protocol change to the DNA blockchain.
  2. Regular Nodes : Regular Nodes keep full copies of the Metaverse and DNA blockchains, and validate blocks to earn rewards. They can accept delegations from Child Nodes and return their proportion of rewards.
  3. Child Nodes : Child Nodes do not need to maintain full copies of the blockchain, and can delegate their staking power to Regular Nodes to generate rewards.

Why DNA is The World of Consensus Mechanisms ?


Proof of Work
Proof of work was initially implemented as part of the first-ever functioning blockchain protocol, Bitcoin, in 2008 — though its origins are older than that. First concretely described in a whitepaper by professional cryptographers Ari Juels and Markus Jakobsson, PoW is a way of confirming that network participants expended a certain level of computational effort in a given length of time.
Proof of work consensus mechanisms use a hash function, which allows each full node on the network to announce their conclusion about a block’s validity to the wider network. This can then be cross-verified by other network participants. The hash function is essential in a PoW system, as if it contains false or unacceptable information it will not be validated to the network and instead will be rejected from the final version of the block.
Proof of Stake
Developed alongside second-generation blockchains, proof of stake (PoS) is a consensus mechanism based not on physical mining, but rather by selecting block validators according to how many tokens participants hold.
Instead of the hash function in PoW based consensus mechanisms, PoS provides individual ‘stakeholders’ with a digital signature that verifies their ownership of a stake in the protocol. When the time comes to validate new blocks, the network will randomly select an individual node to validate the information. The higher the number of tokens an individual holds, the more likely they are to be selected to validate the next block.
When a validator approves a new block, they receive a block reward just as in PoW systems. This ensures that it is worthwhile for individuals to participate in the network and stake their tokens in order to be in with a chance to be selected to validate a block. As minimal physical expenditure of computational or hashing power is required, this process is often referred to as ‘minting’ blocks, rather than ‘mining’ in PoW protocols.
At present, there have been few functional implementations of true PoS consensus protocols. Ethereum is one of the highest-profile blockchains to transition to a PoS based system, with the launch of their Casper PoS algorithm expected to replace PoW mining. Still, in its infancy, the development of Casper took a long time though it promises a huge increase in network scalability.

Delegated Proof of Stake
Some blockchain researchers recognize that there are issues with a pure PoS consensus method — the most pressing of which being participation. For example, say a blockchain has a high number of individual holders, or addresses, each with a nominal value of protocol tokens. In this case, unless voting participation was unusually high, it would be difficult to attain a fully representative vote — as it’s likely that many blockchain participants won’t take an active role in voting or validation on the network.
Instead, delegated proof-of-stake or dPoS systems share many of the same principles of PoS consensus, with the added ability for participants to ‘delegate’ their stake to a trusted pool or entity, who can then stake it on their behalf. A great example of this would be an individual who has the necessary hardware to run a staking pool 24/7 with guaranteed uptime, so they will have a higher likelihood to be chosen to validate any given block. In this case, participants could delegate their stake to this pool and every time it is chosen to validate a new block, they would each receive block rewards proportional to their stake in that pool.
Arguably, dPoS is a superior consensus mechanism to PoS in some ways because it recognizes that not every participant has the necessary technical knowledge, computing hardware or time to participate directly in protocol consensus. As it is advantageous to have a maximum number of network participants, dPoS allows these individuals to still take part in consensus. Although this makes the network more centralized in theory, there is no requirement to remain in a staking pool indefinitely.

**--------**The Metaverse approach to consensus is one of the most novel ways yet. By using a Dualchain Network Architecture, or ‘DNA’, Metaverse seeks to optimize both scalability and decentralization by using different consensus mechanisms in parallel. The DNA BaseChain, which is the Metaverse ETP mainnet, utilizes a hybrid PoW and PoS consensus mechanism while the DNA chain will use a variation of dPoS to achieve consensus.
Essentially, this splits Metaverse’s consensus into two stages, first by using proof of work, and then by switching to a delegated proof of stake or pure PoS consensus mechanism on an ad-hoc basis. Metaverse will use PoS based consensus when the PoW consensus reaches the upper bounds of its transaction limits. For example, if transactions on the Metaverse network approach the limits of mining capabilities, there’s the possibility of switching to the second phase and utilizing DPoS.
To avoid the challenges and pitfalls of both DPoS and PoS as we’ve touched upon above, Metaverse introduces the concepts of ‘Token-Height’ and ‘HeartBeat’. Token-Height weights votes in a DPoS system to avoid interference by financial manipulation. For example, if would-be attackers attempted to hijack the system by suddenly acquiring large amounts of tokens, their Token-Height would still be low, and as a result they would have little voting power.
Similarly, inactive users attempting to gain passive dividends from consensus without contributing to the system will be deterred, as all staking participants will have to send a ‘HeartBeat’ to the system to show they are still active. This motivates holders to ensure their delegates are consistently acting in their best interests.

How can Metaverse achieve scalability?

https://preview.redd.it/4fqdg4j36r641.png?width=983&format=png&auto=webp&s=b5780878cbc0f9eec83812e8379cd58a91f9b449
There are other emerging protocols implementing new technologies to deal with the scalability issues described above. Many are using lightning channels tailored to their own blockchains, creating side chains, or using solutions such as Segwit. However, a few projects are deploying more novel solutions, like running two parallel blockchain protocols side-by-side.
Metaverse achieves scalability while also maintaining security and decentralization through their Dualchain Network Architecture, or DNA protocol. Metaverse DNA uses delegated proof of stake, or dPoS, to ensure block times are extremely fast while also providing a fair and transparent way for network participants to reach consensus. Likewise, by deploying integrated lighting channels, transactions are virtually instantaneous.
By using two chains, Metaverse can enable fast transaction speeds with low fees, and allow more data to be stored on-chain. The DNA protocol can be deployed on any public and permissionless blockchain, and as such can be used as a standard for other blockchains. From here, users can issue standardized APIs and protocols which would enable data, assets, digital identities and smart contracts to be deployed on-chain.
As one of the first protocols to deploy a Dualchain system, Metaverse seeks to alleviate the issues associated with scalability, while also providing cryptographic security guarantees and maintaining the decentralization of our network.


Where DNA token trading :


RightBTC added the DNA/BTC Trading Pair from September 18th 4:00am UTC+0 (Beijing Time 12pm).
Official website of Metaverse DNA: mvsdna.comCryptocurrency is subject to high market risk, please make your investments cautiously.
Announcement from : rightbtc team
https://preview.redd.it/q87cj5wp4r641.png?width=1342&format=png&auto=webp&s=c5bea7694c70d6ce2cbcc0a862989657549b259c
Metaverse achieves scalability while also maintaining security and decentralization through their Dualchain Network Architecture, or DNA protocol. Metaverse DNA uses delegated proof of stake, or dPoS, to ensure block times are extremely fast while also providing a fair and transparent way for network participants to reach consensus. Likewise, by deploying integrated lighting channels, transactions are virtually instantaneous.
By using two chains, Metaverse can enable fast transaction speeds with low fees, and allow more data to be stored on-chain. The DNA protocol can be deployed on any public and permissionless blockchain, and as such can be used as a standard for other blockchains. From here, users can issue standardized APIs and protocols which would enable data, assets, digital identities and smart contracts to be deployed on-chain.
As one of the first protocols to deploy a Dualchain system, Metaverse seeks to alleviate the issues associated with scalability, while also providing cryptographic security guarantees and maintaining the decentralization of Metaverse network.

My opinion : Currently, DNA is tremendous project of metaverse project. Dna is also a token which is based on metaverse blockchain by deploying dualchain or crosschain network transaction process. It is trading on rightbtc.com pairing with BTC, ETHER and USDT and high volume about 50 mls $ in a single day. It is a money making project by 3x mini of your capital in this platform. Because DNA is a high potential project in future and team is working hard continuously for sustaining top level dominate in the crypto market and also DNA's associate project ETP coin belongs top 30-60 position in the coinmarketcap. So to be hurried for buying DNA and hold it for future crypto billioner .


Official Resources :
Website: http://mvsdna.com/
Twitter: https://twitter.com/mvsdna
Facebook: https://www.facebook.com/MVSDNA
Medium: https://medium.com/metaverse-blockchain
Telegram: https://t.me/mvsdna
DNA White Paper: http://mvsdna.com/MVS%20Dualchain%20White%20Paper.pdf
Metaverse White Paper: http://mvsdna.com/Metaverse-Whitepaper.pdf

Writer Details
Bitcointalk Name: Benediccio
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2374197
submitted by Benedicciobd to ICOAnalysis [link] [comments]

Not your average Q Anon thread: Psy-ops, Zionists, Aliens; a true rabbit hole.

I've long suspected & now conclude that #QAnon is a psy-op. In fact, it is. That's fact. It is obviously a psychological operation. The question is - what motives are behind it? Many think this will save us. I don't. Here's why.
Q claims Saudi Arabia, Rothschild's & Soros = NWO, the 'trifecta' of the pyramid. BULLSHIT. If you've researched the new world ordecabal, you should know that Zionism is central to it. Many researchers have exposed this for years – David Icke, Fritz Springmeier, Henry Makow, to name a few.
Recent JFK leaks prove Zionists were in on the JFK hit (the day America ceased to exist, according to many). Christopher Bollyn 'the man who solved 9/11' proved that Zionists were behind 9/11. JFK: https://pbs.twimg.com/media/DUJwaJ6VQAQGaa4.jpg:large Christopher Bollyn – solving 9/11: https://youtu.be/qOq-LbQ4erM
The US has been infiltrated by Zionists/Israel & USED. This is blatantly obvious by Trump's foreign policy decisions re: the middle east. Iran is the last threat to Zionist expansion still standing. War with Iran seems inevitable. Jake Morphonios over at Blackstone Intelligence Network on youtube explains why/how: https://youtu.be/wXwBWJYveV4
Trump even stated that he wanted to be 'the most pro-Israel president'. Why? Israel has repeatedly attacked the United States, covertly. Let us not forget this episode as well: http://www.globalresearch.ca/uss-liberty-attacked-by-israel-47-years-ago-the-u-s-left-soldiers-behind/5386247?print=1
There’s his long-standing ties to ultra-Zionist Sheldon Adelson to consider and then that the Kushner's are also longtime Zionists and even fund illegal settlements & Israeli extremists. So there's really no doubt whatsoever that there's Zionists in the White House. https://geopolitics.co/2017/04/28/trumps-son-in-law-financed-israeli-extremists-and-settlements/
Even leaving aside Israeli atrocities against the people of Palestine, what we are seeing take place blatantly follows the 'Which Path To Persia?' plan. https://www.brookings.edu/wp-content/uploads/2016/06/06_iran_strategy.pdf
This benefits Zionist Isreal. Don't you find it rather odd, therefore, that Q Anon is highlighting ABSOLUTELY NONE of Israel's involvement in terrorism? ISIS are right on the border of Israel & alleged 'Islamic extremists'. Why then do they NEVER attack Israel? THINK
Israel's involved in creation of almost every terror group in the middle east. Israel basically is a terrorist state. This is laid bare in the book 'Israel's Sacred Terrorism', Bollyn's 9/11 research, & comments by many Jews, both high ranking Israeli officials & their relatives, as well as other groups - Moshe & Yael Dayan, Miko Peled, Gush Shalom & others https://pbs.twimg.com/media/DS0EMxfVQAE4MYK.jpg:large
REAL Jews know this & protest against Israeli Zionists, the AshkeNAZI infiltrators of Judaism. 'Behold I will make them of the synagogue of Satan, which say they are Jews but are not, but do lie' (Revelations 3:9) https://pbs.twimg.com/media/DS0ERdhVwAA1nu3.jpg:large
Recently there was a changed stance on Syria, which once again seems to support the agenda for Zionist expansion and the creation of ‘Eretz Israel’. https://www.rt.com/usa/416238-syria-tillerson-policy-obama/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome#.WmAartkc4LQ.twitter
I have scoured Q Anon's posts & found NOTHING that addresses PROVEN Zionist terrorism, control & manipulation. The overall Q narrative in fact supports Zionist aims. For this reason, I believe Q Anon phenomenon is in fact a Zionist psychological operation. Israel is only mentioned by Q with regards to Rothschild central banks. Neither Netanyahu nor any prior Israeli leaders are mentioned. Mossad is also omitted, which is suspicious as all hell.
Next I would like to talk about The Protocols of Zion. If you’re one of these people who believe the ‘it’s a forged/plagiarized piece of anti-Semitic propaganda’ claims, I direct you to the thorough debunking of those claims by Henry Makow in his book Illuminati: The Cult That Hijacked The World, which I will include as the first comment to this post.
Consider some of what The Protocols of Zion state, which relates heavily to the corruption purges we are seeing. I'm not saying Pedogate & corruption aren't real. But what if those are the 'presidential stain' the Protocols speak of? Here's a few excerpts that I think really sum things up...
In the near future we shall establish the responsibility of presidents. By that time we shall be in a position to disregard forms in carrying through matters for which our impersonal puppet will be responsible. What do we care of the ranks of those striving for power should be thinned, if there should arise a deadlock from the impossibility of finding presidents, a deadlock which will finally disorganize the country? In order that our scheme may produce this result we shall arrange elections in favour of such presidents as have in their past some dark, undiscovered stain, some "Panama" or other -- then they will be trustworthy agents for the accomplishment of our plans out of fear of revelations and from the natural desire of everyone who has attained power, namely, the retention of the privileges, advantages and honour connected with the office of president. The chamber of deputies will provide cover for, will protect, will elect presidents, but we shall take from it the right to propose new, or make changes in existing laws, for this right will be given by us to the responsible president, a puppet in our hands. Naturally, the authority of the president will then become a target for every possible form of attack, but we shall provide him with a means of self-defense in the right of an appeal to the people, for the decision of the people over the heads of their representatives, that is to say, an appeal to that same blind slave of ours -- the majority of the mob.
What if the reason the elite pedos & corrupt psychos are in fact being thrown to the fire? What if the point was always to expose it? Pedogate has the potential to tear down the global establishments in politics, media and religion.
It is from us that the all-engulfing terror proceeds. We have in our service persons of all opinions, of all doctrines, restorating monarchists, demagogues, socialists, communists, and utopian dreamers of every kind. We have harnessed them all to the task: each one of them on his own account is boring away at the last remnants of authority, is striving to overthrow all established form of order. By these acts all States are in torture; they exhort to tranquility, are ready to sacrifice everything for peace: but we will not give them peace until they openly acknowledge our international Super-Government, and with submissiveness. The people have raised a howl about the necessity of settling the question of Socialism by way of an international agreement. Division into fractional parties has given them into our hands, for, in order to carry on a contested struggle one must have money, and the money is all in our hands.
The money is all in whose hands, and was even in 1903? Rothschild’s. Who controls the press? Rothschild’s. Has done since the mid 19th century (Reuters established mid 1800s). To say nothing of ALL the other Zionist control over the news media.
The words of the liberal, which are in effect the words of our masonic watchword, namely, "Liberty, Equality, Fraternity," will, when we come into our kingdom, be changed by us into words no longer of a watchword, but only an expression of idealism, namely, into: "The right of liberty, the duty of equality, the ideal of brotherhood." That is how we shall put it, -- and so we shall catch the bull by the horns. .... De facto we have already wiped out every kind of rule except our own, although de jure there still remain a good many of them. Nowadays, if any States raise a protest against us it is only pro forma at our discretion and by our direction, for their anti-Semitism is indispensable to us for the management of our lesser brethren. I will not enter into further explanations, for this matter has formed the subject of repeated discussions amongst us. For us there are no checks to limit the range of our activity. Our Super-Government subsists in extra legal conditions which are described in the accepted terminology by the energetic and forcible word -- Dictatorship. I am in a position to tell you with a clear conscience that at the proper time we, the lawgivers, shall execute judgement and sentence, we shall slay and we shall spare, we, as head of all our troops, are mounted on the steed of the leader. We rule by force of will, because in our hands are the fragments of a once powerful party, now vanquished by us. And the weapons in our hands are limitless ambitions, burning greediness, merciless vengeance, hatreds and malice.
And one more...
What form of administrative rule can be given to communities in which corruption has penetrated everywhere, communities where riches are attained only by the clever surprise tactics of semi-swindling tricks; where looseness reigns: where morality is maintained by penal measures and harsh laws but not by voluntarily accepted principles: where the feelings toward faith and country are obliterated by cosmopolitan convictions? What form of rule is to be given to these communities if not that despotism which I shall describe to you later? We shall create an intensified centralization of government in order to grip in [our] hands all the forces of the community. We shall regulate mechanically all the actions of the political life of our subjects by new laws. These laws will withdraw one by one all the indulgences and liberties which have been permitted by the goyim, and our kingdom will be distinguished by a despotism of such magnificent proportions as to be at any moment and in every place in a position to wipe out any goyim who oppose us by deed or word.
The Protocols mention control of gold, engineering the French Revolution, and controlling all of the money supply. "Give me control of a nation's money supply, and I care not who makes its laws," - Mayer Amschel Rothschild
Bear in mind that the Rothschild's created Israel. So how in the hell do people still believe Q's narrative that the Cabal is being taken down, with so much brazen & blatant support, aid, encouragement coming from the US government to Israel? https://www.youtube.com/watch?v=Kj5eypBex-U
What if the 'mass arrests' of elite pedos & corrupt criminals triggers a world-wide chain reaction of similar purges? What if the world is plunged into war - Iran & North Korea, as Jake Morphonios at Blackstone Intelligence Network outlined, could lead to two theaters of war? WWIII –just as Albert Pike planned it in his ‘Three World Wars’ plan?
Pike of course was a leading Freemason. Freemasonry = Jewry for gentiles.
What if the economy crashes majorly around the same time as all this? The Protocols of Zion basically allow for all of these scenarios - in fact, they're BANKING on them. What if all this corruption & depravity was by-design, to engineer the downfall of national governments allowing for the implementation of a 'new order'? The Rockefeller Reports were discussing a 'new world order' as early as the 1950s. The UN = the 'super-government' the Protocols speak of. https://youtu.be/NHGm49hhOmw
Economic uncertainties ahead in 2018. Could this be the big crash that the Protocols speak of? A crash that tears down currencies across the globe and results in the implementation of a global digital currency? Hmmm... https://www.rt.com/business/415199-bitcoin-housing-deutsche-bank/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome
Frankly, I’ve long felt that crypto-currencies are bad news. Bitcoin was the first big one and really set the ball in motion. Consider that nobody knows who created it. Consider that the NSA designed models for crypto-currency in the 1996: http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
Consider that there are even now people coming out of the wood work to say the CIA is behind crypto’s: https://geopolitics.co/2018/01/20/bitcoin-is-us-dollar-2-0-created-by-cia-kaspersky-co-founde
I think crypto-currency was always going to lead to the implementation of a global digital currency.
The Protocols even speak of an engineered global coups d'etat & a massive purge of the secret societies & agentur that helped them achieve their final goal. They state that they will throw all the corrupt tools who helped them take over the world into the fire.
When we at last definitely come into our kingdom by the aid of coups d'etat prepared everywhere for one and the same day, after the worthlessness of all existing forms of government has been definitely acknowledged (and not a little time will pass before that comes about, perhaps even a whole century) we shall make it our task to see that against us such things as plots shall no longer exist. With this purpose we shall slay without mercy all who take arms (in hand) to oppose our coming into our kingdom. Every kind of new institution of anything like a secret society will also be punished with death; those of them which are now in existence, are known to us, serve us and have served us, we shall disband and send into exile to continents far removed from Europe. In this way we shall proceed with those GOY masons who know too much; such of these as we may for some reason spare will be kept in constant fear of exile. We shall promulgate a law making all former members of secret societies liable to exile from Europe as the centre of our rule. Resolutions of our government will be final, without appeal.
So again. How does the narrative of Q not indicate to you that the end is near? That the 'storm' is the take over? While you're all 'following the white rabbit', they're drawing their plans against us. Q is a Zionist psy-op to keep you gnawing on a bone while 'they' win.
Q has even indicated that upon the mass arrest scenario, martial law would be rolled out. And people who have joined the Q cult train go ‘YAY’? They are witnessing the foundation of excuses being laid for the own rule by martial law, and at what point will that end? Once they have it in place, we are at their mercy.
I think they will use pedogate to justify total, 100%, round the clock tracking and surveillance of EVERYONE. It will be the roll out of the smartgrid, the internet of things. To monitor every move or expenditure you make. https://www.youtube.com/watch?v=5tn4P7IBqoQ
A total control grid... The governments will be destroyed & massive amounts of power consolidated globally. Agenda 21 & 2030. They will crash the economy & bring in a global digital currency, probably the RFID chips as well. https://pbs.twimg.com/media/DS0LSbuV4AA-5_r.jpg:large
Meanwhile, as per the 'rod and ring prophecy' the 'star will gorge itself on clay'. Eretz Israel will soon be created as the seat of power, the 'kingdom' the the Protocols speak of. Trump will be hailed as the savior of the Jewish people, fulfiller of biblical prophecy.
He will judge harshly all of the corrupt agents & secret socities & engage in the purge that births the global coups d'etat. Perhaps that's why he was shown on the Judgement card of the Economist 2017 cover? 'The storm' began in 2017... https://pbs.twimg.com/media/DS0L8LpVQAAJHIQ.jpg:large
But what if 'the storm' is not what we think it is? What if we are being led stray? By exclusion of many facts, Q Anon has shown himself to be a Zionist. What if the plans laid centuries ago by the 'Elders of Zion' are the real end game of Q's narrative?
"Expand your thinking" says #QAnon - but not in any direction that includes Zionist Israel in the sickness that has engulfed the planet. Yahweh forbids it!!
Consider, too, the degree to which extraterrestrial reality has figured in the Q phenomenon. Then think about what Rabbi Laitman said... https://pbs.twimg.com/media/DS0PxcbVwAAYIJ4.jpg:large
i am not an anti-Semite, and I'm NOT about trying to be divisive. It's about truth. Truth is all I've ever cared about. I'm drawing peoples' attention to a myriad of facts that Q excludes from the narrative & by that exclusion diverts truth seekers away from the truth towards a therefore bottomless rabbit hole. I believe we are all one. The Ra Material forms a basis of my philosophical thinking. However in order to arrive at a scenario in which we can come together as one, we must first be free of the Cabal's manipulation. https://pbs.twimg.com/media/DS0WibsV4AAl9FM.jpg:large
But in thinking about the extraterrestrial elements that are figuring in all this – some even believe there WAS a missile launch against Hawaii and that it was prevented by extraterrestrials of some description. But consider what the Law of One says about Jesus in this excerpt, and what it suggests about Judaism…
Questioner: When Jesus of Nazareth incarnated was there an attempt by the Orion group to discredit him in some way? Ra: I am Ra. This is correct. Questioner: Can you tell me what the Orion group did in order to try to cause his downfall? Ra: I am Ra. We may describe in general what occurred. The technique was that of building upon other negatively oriented information. This information had been given by the one whom your peoples called “Yahweh.” This information involved many strictures upon behavior and promised power of the third-density, service-to-self nature. These two types of distortions were impressed upon those already oriented to think these thought-forms. This eventually led to many challenges of the entity known as Jesus. It eventually led to one, sound vibration complex “Judas,” as you call this entity, who believed that it was doing the appropriate thing in bringing about or forcing upon the one you call Jesus the necessity for bringing in the third-density planetary power distortion of third-density rule over others. This entity, Judas, felt that, if pushed into a corner, the entity you call Jesus would then be able to see the wisdom of using the power of intelligent infinity in order to rule others. The one you call Judas was mistaken in this estimation of the reaction of the entity, Jesus, whose teach/learning was not oriented towards this distortion. This resulted in the destruction of the bodily complex of the one known as Jesus to you.
The ‘Orion group’ mentioned, by the way, seems most likely to be the Draco reptilians. What has secret space program whistle blower Corey Goode said repeatedly about the Draco? They are in league with the Cabal. David Icke has been making the connection between the elite Cabal and negative reptilian forces for decades now.
Here the Ra material even talks about the ‘Diaspora’.
Questioner: Could you tell me why the Orion group had to leave after, I believe, it figures to be a six-hundred-year period, why they had to vacate? Ra: I am Ra. Although the impression that they had given to those who called them [was] that these entities were an elite group, that which you know as “Diaspora” occurred, causing much dispersion of these peoples so that they became an humbler and more honorable breed, less bellicose and more aware of the loving-kindness of the One Creator. The creation about them tended towards being somewhat bellicose, somewhat oriented towards the enslavement of others, but they themselves, the target of the Orion group by means of their genetic superiority/weakness, became what you may call the underdogs, thereby letting the feelings of gratitude for their neighbors, their family, and their One Creator begin to heal the feelings of elitism which led to the distortions of power over others which had caused their own bellicosity. Questioner: You stated that about 3,000 years ago the Orion group left due to Diaspora. Was the Confederation then able to make any progress after the Orion group left? Ra: I am Ra. For many of your centuries, both the Confederation and the Orion Confederation busied themselves with each other upon planes above your own, shall we say, planes in time/space whereby machinations were conceived and the armor of light girded on. Battles have been and are continuing to be fought upon these levels.
So, it would seem that the Jews, even as far back as the 3000 year old beginnings of humanities enslavement, were in league with the Draco. Don’t know about others, but I tend towards the theory that everything we think of as Gods, Angels, Demons, are simply extraterrestrials and interdimensional entities. Yahweh, the Law of One holds, was a negative entity. Could it possibly have been one of the Archons that the Gnostics were speaking of and that David Icke has thoroughly talked about over the years? He’s even connected Archons to Reptilians?
I worry that where Q's narrative is going will only further entrap us & enslave us to the cabal's world order, that it will lead to further control of us by the Archons. The white rabbit is supposed to free us from the Matrix. I worry that Q's white rabbit is leading us deeper.
In an October 29 post, Q stated:
Do you believe HRC, Soros, Obama etc have more power than Trump? Fantasy. Whoever controls the office of the Presidency controls this great land. https://archive.4plebs.org/pol/thread/146981635/#147023341
Notice that he doesn’t actually indicate exactly who controls the presidency. The way this is phrased is sneaky. I believe he’s indicating that Trump is controlled and my guess would be that it’s by Zionists.
I suspect that Q is an extension of this, a psy-op to keep people distracted while plans proceed, to direct peoples’ attention to some information and divert them from other information. These directions and diversions are designed steer the collective consciousness to manifesting the desired the take-downs, whilst leaving other players on the chess board intact. I believe what we are witnessing is different Cabal factions fighting it out and in the end I think it will lead to the creation of Greater Israel which, given the extraterrestrial connections that seem to be apparent with Jewish Zionists and elites, could be leading us to the Christian ‘second coming’ & the Jewish ‘first’. Eretz Israel encompasses all of the important land from biblical times and the earliest civilizations, when extraterrestrials were active on the planet beginning their genetic programs and manipulations of the human population.
David Icke has talked a lot about the emergence of the post-cataclysm societies and the ‘new psyche’ that emerged – from indo-European and Semitic peoples. I would assert that this ‘new psyche’/reptilian brain scenario is due to the manipulation of our DNA by reptilians. I’d also venture that it’s interesting that they’re now talking about alien viruses killing us all off: https://www.rt.com/news/416548-alien-virus-space-study/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome
This is in line with much of the predictive programming being done in the new X Files seasons, and would be an obvious preparation for, upon the establishment of Eretz Israel – the long held goal of the Zionists – the colonization of the planet by extraterrestrial forces, the ‘Archons’ that David Icke has long said seek to change this planet to suit their own needs.
The existence of ET bases in the middle east is not unusual, of course. Expolitical perspective on the pre-emptive war in Iraq: http://www.bibliotecapleyades.net/exopolitica/esp_exopolitics_A_0.htm The entire middle eastern and northern African region seems to have had an extraterrestrial presence throughout earlier civilizations. Think ancient. Sumeria, Babylon, Egypt...
But let’s get back to Q before I wrap this mother up.
The so-called ‘proofs’ of Q can be found on CBTS sub. But frankly, I think quite a few of their ‘proofs’ are tenuous at best. They ‘prove’ very little, actually. If anything, I think they do seem to suggest that Q Anon is a legitimate insider with access to Trump, and high level intel. However that doesn’t prove ANYTHING about intentions.
If what I’m saying is true, all of the ‘proofs’ could be explained as part of the psy-op, couldn’t they?
Consider all this and do some digging to add to it. I'll just leave you all with a couple more points.
On Jan 14 Q Anon made reference to Jeremiah 29:11.
According to the bible I’m holding in my hand that reads:
"For I know the thoughts that I think toward you, saith the Lord, thoughts of peace, and not of evil, to give you an expected end".
What might this be trying to tell us? Sounds good doesn't it? What about the Biblical context? Consider that...
"Jeremiah previously declared the divine prophecy that doomed the Israelites to exile in Babylon for 70 years. The Israelites viewed the prophecy as a hopeless proposition. As a result, they flocked to false prophets, including Hananiah, who prophesied that the exile would end in a shorter period of time. This situation led to Jeremiah's statement at verse 11 of chapter 29. The first part of the verse, "I know the plans I have for you, emphasizes that God had a set idea of what was going to happen to the Israelites in the coming years. Because the plans were set, the Israelites were incorrect to believe that the time of exile would be shortened. However, the second part of the verse, which states that these plans were "for welfare and not for evil, to give you a future and a hope," is included to remind the Israelites that the prophecy of exile was not a death sentence. God hoped the Israelites would not lose sight of their pending liberation from Babylon.”
What happened 70 years ago in 1948? - the creation of Israel. Now consider the long history of ethnic cleansing of Palestinians by Israel. Israel, though officially a state since '48, seems to consider itself 'in exile', not having fully 'come into its Kingdom', if you like "the Israelites were incorrect to believe that the time of exile would be shortened", they thought their 'exile' was over upon the declaration of the Israeli state in 1948, but it has taken longer to fully eradicate the Arabs living in the region & reclaim the promised land The chapter that follows Jeremiah 29 is all about God showing Jeremiah the 'return of the Jews' from exile. I believe in a modern context --and given what has been going on in the middle east, the Jerusalem decision aggravating the Arab states... Ultimately providing the justification Israel needs (which is never much, to be fair) to finally defeat much of the middle east nations and create 'Eretz Israel'. The 'return of the Jews' is imminent. https://pbs.twimg.com/media/DTilOX5VAAA02Ly.jpg:large
Remember the 'Rod & Ring prophecy' - 'the star will gorge itself on clay'. Star = star of David = Israel. Gorge itself on clay = massive land grab = creation of 'Eretz Israel'.
It will happen when the weather cools. That's when they'll make their move. The plans laid long ago, before the founding of America, and older still, will come to fruition. They're trying to force God's hand. Watch for these signs: Three branches will become one. An island will drift away. A killing bolt will shine in the night but will not kill. The star will gorge itself on clay. Idols will speak and move about. The black flag will fly above the dome. The belly of the dragon will drip water. Two voices will call out in a silence that all will hear. A rock will stand on seven hills. The ravens will starve. The bear will leave its cave forever. The rod and the ring will strike.
(As a slight aside: what's everyone's thoughts on the 'rod and ring' itself. I heard many people theorize that it is a reference to components of nuclear arms technologies. I don't believe that. I think it's a reference to genetics, DNA. I just can't work out HOW or WHAT it's going to mean lol. Of Rings and Rods: Regulating Cohesin Entrapment of DNA to Generate Intra- and Intermolecular Tethers - http://journals.plos.org/plosgenetics/article?id=10.1371%2Fjournal.pgen.1006337 Organization and ordered expression of Caulobacter genes encoding flagellar basal body rod and ring proteins - https://www.ncbi.nlm.nih.gov/pubmed/1474584 Some kind of change to our DNA perhaps? Corey Goode has made numerous claims about future activity from the sun and its effect on DNA. But it could even be something to do with the 'take down' of humanity using ET bio-warfare of some kind?)
The very obvious build up to US/Israel/Saudi war against Iran = taking out the last threat to Israeli expansion extant in the middle east. Consider that Israel = a creation of the House of Rothschild = new world order agenda. "...thoughts of peace, and not of evil, to give you an expected end." = Ordo ab Chao = Order out of Chaos. Rothschild's = Satanists, yes? Who else = Satanists?
See this thread from VictoryoftheLight on Twitter which outlines how the 'Lord God' of Moses in the Old Testament is in fact Satan. https://twitter.com/KibBitzLaw/status/880816932886372352
There's also the documentary Marching to Zion, which studies the biblical texts & makes the case Judaism's 'God' is really Satan/Lucifer https://youtu.be/styLx-iWwC8
There is a common futurist interpretation that the 'mark of the beast' & 666 in the Book of Revelations is a reference to the RFID chips that may be integral to the new world order control system. Then consider this https://www.yahoo.com/news/jared-kushner-apos-company-under-155951278.html https://www.bloomberg.com/view/articles/2017-03-29/senators-please-ask-jared-kushner-about-666-fifth-avenue http://cosmicconvergence.org/?p=19035
Considering all of the blatant connections to Israeli Zionists surrounding the Trump admin, as well as the middle east foreign policy that is unfolding day by day, the reference to Jeremiah 29:11, in its biblical context, provides little comfort. In fact, I find it startlingly confirms that the Q Anon narrative & its destination, as far as the Trump admin goes, shows massive favoritism to the Israeli Zionist agenda. I now wonder when Q speaks of 'patriots', whether that means patriots to US or patriots to Israel.
Again, as Q said, ‘whoever controls the office of the presidency controls this great land’.
Also, please consider the consistent use of Alice In Wonderland imagery by Q Anon. Alice in Wonderland is a documented component of MK Ultra mind control. Couple that with the many repeated statements Q makes. Things like the consistent recurrence of ‘future proves past’ – which I think could basically be code for ‘we’re re-writing history, folks’.
Consider what happens when Alice 'follows the white rabbit' down the rabbit hole. She falls for some time, passing shelves & cupboards with things on them (Q's 'breadcrumbs'), but what happens at the bottom? Alice must shrink herself in order to fit through the door. Could that 'shrinking' be a metaphor for giving up huge amounts of civil liberties & freedoms? The Zionist new world order will require you a diminishing of human freedom & spirit in order to 'fit through the door'. https://pbs.twimg.com/media/DTiuHF7U0AAm-3P.jpg:large
I know I'm being paranoid & making a lot out of a little, believe me. But I've studied the Cabal for a few years now. Despite all the hopes of the Q Anon cult, I'm seeing a lot of dismal warning signs, even from Q. We need to question what isn't in the crumbs, not just what is.
EDIT: Also, consider that Q has shared proven false information: https://qcodefag.github.io/data/images/12be822f398904a6981d207b31854dbde63481d35a84703030debfbdb2ed3ca8.jpg There's a thread over on CBTS that addresses this.
“The WHOIS information for macklerr.com shows that it was first registered on Oct. 31, 2016 - the same day that the purported email from [email protected] appeared on the Web: http://whois.domaintools.com/macklerr.com In other words, there's no way an email could have been sent from macklerr.com more than 7 months before that (Mar. 19, 2016). This is a strong indication that the email is fake. Doesn't mean Q is fake.”
If we are to believe any of what Q has claimed, we'd surely have to believe their capability is above sharing false information.
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03-07 18:42 - 'Someone tried to break in to my account and now I can't even see if I was robbed. Funny X-post' (self.Bitcoin) by /u/NeedAHandlebar removed from /r/Bitcoin within 42-52min

'''
#**I used a different account for the Original post and forgot my login info so its a repost**
I got a 2 step code and an e-mail verification this evening when I was not trying to log in, checked the IP of the new sign in attempt and it was clearly spoofed. Clicked the temporarily disable account link and was still receiving 2 step codes, called Coinbase and just to be safe tried to verify my ID and get my money sent to another wallet for safekeeping until it could get worked out.
The tech support lady on the other end refused to transfer me to a supervisor and had no answer for me other than sometime in the next week we will let you know what's going on. After being very calm and reasonable I asked to speak with a supervisor, and she assured me that he would agree, and that it was not necessary to talk to one, and would not transfer me unless I had a specific issue. My specific issue is that someone may have just stolen my fucking money and I can't get past a tech support agent!
She says I need to speak with an account specialist who will contact me in a week or so. Finally I had to tell her to stop talking and put me on hold till a supervisor could help and not to pick up the line again. She proceeded to pick up after a moderate hold and tell me that the supervisor would just agree with her. At this point I'm getting irate, like out of my zone mad. I tell her to shut up and get me a goddamn supervisor and to NOT PICK THIS CALL UP AGAIN, I DON'T WANT TO HEAR ANYTHING YOU HAVE TO SAY TILL YOU PUT A SUPERVISOR ON THE GODDAMN PHONE. She puts on me on another brief hold and PICKS UP THE CALL AGAIN TO TELL ME TO WAIT FOR A LITTLE WHILE, AND THAT I WOULD RECEIVE AN EMAIL SOON.
I'm redfaced mad, I'm pretty even keel, and I'm getting looks from my wife that clearly say something is wrong. I blow up on that poor woman, screaming crazy person mad at her, it was bad, she probably had a good story at the dinner table "this fucking asshole called today....".
Anyway, another brief hold and tech support god Matt from the grand CITY of California is on the line assuring me that my account is completely impenetrable, a true castle of security that Jesus himself couldn't break into and after a lock and that no one can move funds. All fine and dandy, thanks, Matt. Really, I do feel a little better, as long as my money is still there then it's all good right, it's not exactly a life savings, it's enough to be upset over, but I can wait a few days.
So I ask a few more questions, Matt, what if someone has already moved my funds or stolen my wallet addresses how will I know? (I know vaguely how blockchain shit works) Matt says, everything from the time of the lock will be there. Sweet, I'm cooling off now. Great work Matt! But before I hang up I just need you to really cook my grits one last time... I really need a stroke before I go to bed. I ask Matt, can we verify if my funds are there, do you have access to that info? No he says, No one does except the mythical account specialist Unicorn Fairy Monster of coinbase who has no phone in his or her office and can only be reached through USPS Priority mail delivery by horse in a week or so has that info, nobody. Okay, one more thing, can you maybe verify if any transactions have been made in the last day or so, not a dollar amount, but a simple confirmation that no money was moved in the past 48 hours or so. He tells me the worst possible lie he could utter out of his beautiful brown lips.
Sir, I can clearly see here that no large transactions have been made in the last few days. Wait, but Matt, I thought you had no access to my account, and now not only can you see my transaction history you can see a dollar amount! Weird. Wait, you said no LARGE transactions had occurred, there should be none that occurred, now I'm a little worried, LARGE being a very relative term. Matt, there should be NO transactions recently large or otherwise. He says let him know the last transaction made and the dollar amount. I toss the bait. 27$ made on the 24th of last month. That's nowhere near an actual transaction, amount or date. He says, yep I see it here. Matt, you fool. What are you looking at, have you been smoking PCP?
He starts to tell me that he doesn't have the legal right to do anything more than confirm the amount. I scrap my whole plan. Matt, you took the bait, I say. Actually that's exactly what I said, not my boiled down comedic version of mumbo jumbo. Now you are flat out lying to me. Just making stuff up out of thin air? Can you or can you not see the account? Because I'm being bombarded with so much bullshit here that I'm putting on my muck boots. I need to talk to someone else Matt, my account may have been robbed and I just want to know if I need to get food stamps for the young lad. There is nobody to talk to he says.
I'm back to Mad Max opening scene levels now. Nobody else Matt? There isn't a single employee of Coinbase that can deal with a data breech OTHER than you? How about you get on that horse yourself and go talk to mythical fairy unicorn account support yourself, I'll hold as long as I need to. No dice, there is nobody, and when they are ready to talk to me they will do so on their own time, and to keep looking for 3 stars lined up in the east as the sign. I'm done, I need to end this before I rupture my spleen. I hang up after telling him how much I appreciate his help and I will continue to wait for a sign in the east.
And here I sit. If you made it this far please at least leave me a comment to make me feel better, or you could try and drive my blood pressure up so high I could use an IV bag as a hydraulic pump for a logsplitter. Thanks Coinbase!
Edit - paragraphs. Edit 2 - formatting
#**THE UPDATE**
After receiving lots of PM's from other people located in the great City of California from people named John, Frank, and Tom claiming to be from coinbase and asking for my social security number, pictures of my drivers license, DNA swabs, and pictures of the inside of my butthole, The star in the east showed itself and the mythical unicorn fairy (account specialist, for those of you who skimmed the first part of my epic story) contacted me. 15 DAYS LATER. Long story short, with a picture of my drivers license and a photo of my anus my account was reactivated and my money was still there. Thanks to the wonderful advice I got in the comments I opened a Kraken account and couldn't be happier with them.
'''
Someone tried to break in to my account and now I can't even see if I was robbed. Funny X-post
Go1dfish undelete link
unreddit undelete link
Author: NeedAHandlebar
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Thinking in Systems: A Cryptocurrency Primer

I recently wrote a text post Success to the Successful (or: why the moon is not far enough). In that post I explained Success to the Successful, an example of what is know as a system archetype, a recurring pattern that systems often take on.
I first came across the idea of system archetypes in the book Thinking in Systems: A Primer by Donella Meadows. I would like to use one chapter of this book to analyse cryptocurrencies, as it provides a convenient basis for comparison. I will focus on Dash and Bitcoin because I think this is the illuminating pair to compare, but I will mention others as they become relevant.
Donella Meadows describes a system as a set of things—people, cells, molecules, or whatever—interconnected in such a way that they produce their own behavior over time (p2), and as an interconnected set of elements that is coherently organized in a way that achieves something (p11).
Chapter 6 of this book is titled Leverage Points—Places to Intervene in a System. I will work through them in turn, briefly explain each, and use them to analyse cryptocurrencies. With any luck, this will also show ways to synthesise a cryptocurrency, ie consciously choose properties that meet intended goals. The leverage points are presented in reverse order, that is to say, point 12 is the weakest intervention point, and point 1 is the strongest.
12. Numbers—Constants and parameters such as subsidies, taxes standards
The essence of this point is that changing the tax rate from 18% to 25% or 13% makes no significant change to the was a system works. Donella Meadows says that numbers are dead last on the list of powerful interventions – diddling with the details, rearranging the deck chairs on the Titanic.
This means that it is of no real importance that Bitcoin has a 10 minute average block time, whereas Dash and Litecoin have an average of 2.5 minutes, or that Bitcoin uses SHA256 whereas Litecoin uses scrypt. It also means that the debate between (what is now) Bitcoin Core, XT, and Classic, over whether to have 1, 8, or 2MB blocks, the debate which has stalled Bitcoin development for longer than I can now remember, is over the least important part of the system. Meadows might have also called the block size limit debate in Bitcoin re-arranging deck chairs on the Titanic.
11. Buffers—The size of stabilizing stocks relative to their flows
In a bathtub, the tub is a buffer (or stock), whereas the tap and sinkhole are flows.
Dash has an interesting type of financial stock with its masternode collateral. A large amount of DASH is held by long-term holders to enable the decentralised masternode network, and acts as a sort of saving account for operators. But Meadows says this is a low-leverage point – whether collateral is specifically 1000 DASH, 100 DASH or 10 DASH is probably not significant.
10. Stock-and-Flow Structures—Physical systems and their nodes of intersection
This covers things like plumbing systems and road layouts. What is connected to what can significantly change how a system behaves, as a broken water pipe or a poorly-placed road quickly shows.
Cryptocurrencies don't have many significant physical stock and flow structures. The main one that springs to mind is the location of Bitcoin miners near hydroelectric power stations and other renewable power sources. Proof-of-stake mining removes that physical structure, but I won't consider that further as most top cryptocurrencies are proof-of-stake.
There is another type of structure, which is informational. This actually comes under the higher-leverage point 6. Information Flows, however I will describe them here, as they are revenant to points in between.
Dash has two very powerful structures that Bitcoin lacks.
First, Dash has proof-of-stake voting. Dash is able to collect the opinions of masternode operators (ie large stakeholders), and broadcast them in a verifiable way to the entire network. Bitcoin has no comparable system. It is like large BTC holders are each locked in their own room with only shouting loudly as a means of communication, while large DASH holders have internet connections and videoconferencing.
Second, Dash voting forms part of its treasury system, and controls a flow of money to development projects, which covers all activities that Dash needs. It can increase or decrease these flows at will. Bitcoin development is funded out of deep pockets, and is not necessarily driven by what holders want (as the previous structure is missing). In my mind I see this as a kind of hybrid structure: while technically it is informational (cryptocurrency money is pure information), it behaves in many ways like a flow of gold coins.
9. Delays—The lengths of time relative to the rates of system changes
Delays are the time it takes for one part of a system to react to another. They are the source of oscillations. Business suffers natural booms and busts because (for one reason), the time it takes to build up a business, means that by the time it is fully operational, the market may be oversaturated, and some will be forced to close down. Delays that are too short cause overcompensation, common on car dealer forecourts that routinely over- or under-order new stock. On a shorter scale, this is the source of flash-crashes in the stock market. Long delays make long-term planning impossible, for example building the correct number of power plants.
Mining hardware is extremely sensitive to delay – planning R&D and installation of mining hardware is fraught with uncertainty due to the long time scales involved.
Dash has enormously reduced one kind of delay: consensus formation. Thanks to the structure explained above, it is possible within hours or days to establish consensus of opinion among masternode operators, holding some together some 60% of the currency. For example the 2MB-blocksize proposal was resolved in a few hours. What Donella Meadows describes as diddling with the details was resolved as quickly as such a triviality should be.
8. Balancing Feedback Loops—The strengths of the feedbacks relative to the impacts they are trying to correct
A balancing loop is a structure that tries to correct a system that strays from its goal. For example: a thermostat keeping a room at a comfortable temperature; democratic voting keeping a political party from runaway despotism. Balancing loops are important because reinforcing loops are very powerful, and can throw a system out of control, like a steam engine running faster and faster until it explodes.
Thanks to its treasury system, Dash has a unique balancing feedback loop: the masternode network can cut funding to any project at will. That means that if – say – the Dash Core team adopted the same 1MB block size policy as Bitcoin Core, in defiance of the previous vote, the masternode network can bring the system back into control by cutting funding to Dash Core. This would not be the end of the matter (another Core team would be required to replace them), but it would start to resolve the problem with a much lower delay.
7. Reinforcing Feedback Loops—The strength of the gain of driving loops
This was the topic of the earlier post Success to the Successful (or: why the moon is not far enough), so I would suggest reading that for more detail, as I believe it is a distinguishing feature of Dash among top cryptocurrencies today.
To summarise, Dash has a loop where wise masternode voting funds successful projects, which increase the utility of Dash, which increases the price of DASH, which increases the value of the monthly development budget, which increases Dash's capacity to fund successful projects. Bitcoin does not have this loop: a rising price of BTC does not enable Bitcoin to develop itself more successfully, because development is not paid for with BTC, and it does in any case not have the structure to direct funds based on past success. Dash is inherently more able to develop itself than Bitcoin; it is already developing faster, and its development is accelerating thanks to this loop.
6. Information Flows—The structure of who does and does not have access to information
This is covered under 10. Stock-and-Flow Structures to make the flow of this post easier to read. But note that Meadows considered Information Flows as higher-leverage points, higher even than Balancing Feedback Loops and Reinforcing Feedback Loops.
5. Rules—Incentives, punishments, constraints
This covers everything from the physical laws of nature, through codes of laws enforced by courts, to the rules of trivial board games or casual agreements between friends.
Cryptocurrencies have some very hard rules. For example, to spend any BTC or DASH etc, you must be able to sign a valid transaction transferring the money from you to someone else. No amount of begging or pleading will sway the laws of cryptography, any more than begging or pleading can change the force of gravity.
The rules of the cryptocurrency block reward determine the incentives of participants in a cryptocurrency.
Bitcoin allocates 100% of the block reward to the miner of that block: there is a very strong incentive to mine Bitcoin blocks. However, there is no corresponding incentive for running a Bitcoin node. By splitting the block reward 45% to miners and 45% to masternode operators, Dash has ~4500 masternodes to Bitcoin's ~5500 nodes, despite the currency having a market cap somewhere around 1% of Bitcoin's. Also, Bitcoin has a balancing loop, whereby the more popular Bitcoin becomes, the higher the cost of running a node becomes, and so the lower the net incentive. Only companies and individuals who need to verify every transaction will run a Bitcoin node; with Dash, people will also run nodes because they are paid to do so.
One area where Dash is perhaps lacking in this section is punishments. Dash has an incentive that people are paid to do projects to develop Dash, and funding can be withdrawn if they fail to deliver, but they are not punished if they deceive or defraud. As Donella Meadows put 5. Rules quite high up the list, this suggests that adding punishments to negligently managed or fraudulent development projects might be a high-leverage intervention.
Meadows says that power over rules is real power. Who gets to decide the rules of a blockchain, decides the fate of a cryptocurrency. Who in Bitcoin, and who in Dash, decides whether blocks will be only 1MB in size, or whether they can be larger? In Dash, this is transparent, bearing in mind the complexities we considered earlier. In Bitcoin, it is considerably less so.
4. Self-organisation—The power to add, change, or evolve system structure
This covers evolution, the adaptation of an immune system, ants building a hive, DNA building an ant, members of a society agreeing on its laws.
This point is key why capitalism is superior to communism at generating economic development: the minds of everyone working as an entrepreneur, able to startup up and shut down businesses as they sense real demand, will always outpace the abilities of a central planner with limited information and limited capacity to process it. Simply, it creates a bigger, more adaptable brain out society, a more powerful mind to design and provide infrastructure, goods and services.
Dash has a layer of self-organisation at a higher level than businesses running on the blockchain. The treasury system works like a circulatory system, providing money to its DAO employees like nutrition to vital functions. This enables Dash to create development teams, marketing teams, market research teams, R&D teams, forum moderation teams and so on. The treasury lets Dash participants self-organise into a nervous system, and function as a viable, self-sustaining organisation.
3. Goals—The purpose or function of a system
The goal of a system is what it tries to achieve. The goal of a thermostat is the temperature it wants to maintain the room at. The goal of a political party is to get elected. The goal of a football team is to win the game.
What is the goal of Bitcoin? The Bitcoin whitepaper defines it as a peer-to-peer electronic cash system. What is the goal of Monero? The Monero website defines it as is a secure, private, untraceable currency. Dash? Well, Dash is digital cash – citation needed :)
Note that the block size debate in Bitcoin is really a debate over its goal – is it peer-to-peer cash, or is it a digital settlement layer for a Lightning Network? Dash has a consensus structure to confirm its goal, it has information and money flows to decide and fund its path to its goal, it has balancing loops to keep it in check. Dash has a clear goal; the goal of Bitcoin right now looks simply undefined. It's not clear who is in a position to define it. But Donella Meadows puts Goals way up the list of leverage points at number 3, so this matters enormously.
2. Paradigms—The mind-set out of which the system–its goals, structures, rules, delays, parameters–arises
At this point we may be stepping out of the sphere of any one individual cryptocurrency. What do we want as money? Do we want debt-money created by private institutions? Do we want hard money like gold? Do we want to return to peer-to-peer credit? Do we want centrally-planned money, or market-driven money?
I won't attempt to answer any questions here.
1. Transcending Paradigms
This is the idea to stay unattached, to realise that no one paradigm is true. Maybe the head of a central bank will come to understand the advantages of cryptocurrency systems; maybe a die-hard libertarian will appreciate the positive role regulation and government intervention can have in financial systems. Meadows describes this as to let go into not-knowing. For me it is to accept that everyone has their own mindset and the goals that this entails, and they come to this mindset through experiences no less real or valid than one's own.
At this point we have completely escaped the petty squabbling of 1MB vs 2MB blocks, and opened a discussion on what paradigm of money will best suit the needs of the modern world. That is a debate I think not even Donella Meadows would find easy to resolve.

I hope this analysis proves useful to someone. If it has peeked anyone's interested, I wholeheartedly recommend reading the whole of Thinking in Systems, which is both short and accessible to anyone with an inquisitive mind.
(Apologies for any errors, I've typed this quickly in a few spare hours)
submitted by ashmoran to dashpay [link] [comments]

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