Consumer Corner: Beware of bitcoin blackmail scam

BCH is a tool of Freedom

Article in reponse to this Coindesk Post by Jill Carlson
Hi dear Jill, My name is Sofia. Several days ago I read your article and I tried to summarize a series of thoughts about what a "freedom tool" is for me and for you it is a "most useful tool for breaking laws"
DOCTRINES
In a voracious struggle to encompass territories and establish patterns for citizen development in a globalized world, doctrines have been erected from the most dominant empires throughout the history of societies, which have allowed, among many things, to guide and trace the individual actions in different ways through persuasion methods, which we are not all specific to identify or escape from them, possibly due to lack of education (most cases) or by omission, in a way: cultural, economic, religious and political.
Throughout history it has been seen as products created for certain purposes have been used by people or groups for another purpose, finding in these a way to obtain personal benefits. It is incredible how the detention of Ross Ulbritc is still sustainable for only being the creator of a network that was deformed by the use of a few, putting Ross's reputation at stake and to this day his freedom.
CONVENIENCE
There are countless examples about the appropriate use or not of the inventions of man, an illustrative example from my point of view is that of the telephone designed as a device to facilitate communication between people, allowing proximity to others regardless of distance . This form of communication has been used to facilitate illegal activities, extortion and kidnapping, among others. Despite this, it has evolved into an intelligent tool that allows you to control work, home, finances, among other things from a single device in real time (smartphones), its performance is no longer measured only for the purpose it was created. say make or receive calls, but as a versatile and essential tool.
A TOOL OF FREEDOM
During this social evolution, “A tool of freedom” has emerged, among its many benefits, has allowed citizens to be freed from financial systems, from the wrong decisions made by their political leaders, isolate them from Dynamite Economies and even give access to the unbanked , putting in the hands of people a system that allows them to carry out transactions in a fast, efficient and secure way, which is constantly evolving through protocols based on blockchain and without the need to expose your privacy to make daily exchanges.
Just as the BTC and its evolutionary forks arrived, a cryptocurrency series also arrived to strengthen the ecosystem. All with the purpose of being used through cryptography as a means of exchange between people, from their different stream of conception, they are additionally useful for encrypting messages, combating censorship, ensuring privacy and even establishing smart contracts through same. Among many of its uses, they have tried to evolve to make them faster and more efficient in the context of handling more information in the shortest possible time, in a decentralized way and without discrimination.
MIRAGE
It is an alternative for which a large number of citizens around the world have decided to opt, observing cases of corruption and monitoring through regular channels, which are dominated by governments and transnational corporations of different services that only want to sustain their monopoly and hegemony around world. It is incredible to talk about money laundering, financing of irregular groups, human trafficking white and selling drugs directly related to cryptocurrencies, (they have stigmatized their use, no doubt) when these actions have existed even before the existence of them and even with the endorsement of governments that highlighted their neatness or justified their immoral actions under the premise of a masked struggle for "freedom".
Here are a few examples of how everything is not what it seems:
IranGate
Drugs and Justice
Youtube Censorship
Spy Social Networks
Everything that has been mentioned before has been done since all times and is a problem of human morality not of cryptocurrencies, they have masked these illicit actions with banks in tax havens, offshore accounts and any other channel that the banks themselves have hidden and has been used for money laundering and other illegal activities. Without implying that it is the responsibility of banks or corporations. The use is the sole responsibility of each user.
FAKE-NEWS
It cannot be guaranteed that cryptocurrencies are only a useful tool for breaking laws, just because people or groups have changed from using existing means to using cryptocurrencies to launder money or make illicit payments. I am also aware that the great global banking elite has television channels, newspapers, journalists, singers and others at your service. They serve as funded puppets to sustain their model and grab attention through their great social influence.
This motivates me even more to ensure that in its evolution through cryptography, cryptocurrencies allow and allow to cover all financial spaces in an intelligent, fast, secure and uncensored way from the north pole to the south pole.
FEARS
Do you know what I'm afraid of, dear Jill?(if one day you read that article), to live in this world of espionage, monitoring and political-economic persecution towards citizens. Large financial groups have chosen to attack cryptocurrencies in the face of the obvious independence they represent, using the means they have to discredit everything concerning them. Cryptocurrencies do not seek the disappearance of banking systems, but rather be an alternative investment and payments without implying high payment commissions and fees for their use.
I can assure you that the BitcoinCash as a cryptocurrency that I use in most of my transactions (95%) has allowed me to send collaborations to needy groups in Southern Africa and Venezuela, donate to help those who do not have clothes or shelter , thank you for a comment to a person in Japan, receive a payment from Oceania for doing a good job, send a shipment to a family member thousands of km away and everything has been completed in a matter of seconds, without moving from my home, without discriminate against me because of my nationality or how much money I have in my bank account.
Imagine doing this in the current banking system is impossible, I can not do it because my credit cards in Venezuela do not allow me to make transactions in dollars, the exchange markets are all speculative and dominated by mafias, or because I simply need to have at least 500 $ and be a US citizen to be able to open an international account, and have access to send money from one continent to another.
Reasons that fortunately still dear Jill, you have not had to experience, and let me assure you that cryptocurrencies meet all the requirements to take the forefront in global exchanges.
I fear this world where everything seems to be what it is not, where many citizens are invisible. I will not give up trying to change it!
I invite you to visit the modest YouTube channel of the group to which I belong Cultura BCH and observe that the BitcoinCash is fast, reliable and secure. Please do it before it is censored.
If you feel identified with our efforts and activities as a independent group, your collaboration will be grateful for helping us meet the goals around the BCH in 2020.
submitted by SofiaCBCH to btc [link] [comments]

Cryptocurrency is most useful for breaking laws. No, I have a tool of Freedom "BitcoinCash"

Article in reponse to this Coindesk Post by Jill Carlson
Hi dear Jill, My name is Sofia.
Several days ago I read your article and I tried to summarize a series of thoughts about what a "freedom tool" is for me and for you it is a "most useful tool for breaking laws"
DOCTRINES
In a voracious struggle to encompass territories and establish patterns for citizen development in a globalized world, doctrines have been erected from the most dominant empires throughout the history of societies, which have allowed, among many things, to guide and trace the individual actions in different ways through persuasion methods, which we are not all specific to identify or escape from them, possibly due to lack of education (most cases) or by omission, in a way: cultural, economic, religious and political.
Throughout history it has been seen as products created for certain purposes have been used by people or groups for another purpose, finding in these a way to obtain personal benefits. It is incredible how the detention of Ross Ulbritc is still sustainable for only being the creator of a network that was deformed by the use of a few, putting Ross's reputation at stake and to this day his freedom.
CONVENIENCE
There are countless examples about the appropriate use or not of the inventions of man, an illustrative example from my point of view is that of the telephone designed as a device to facilitate communication between people, allowing proximity to others regardless of distance . This form of communication has been used to facilitate illegal activities, extortion and kidnapping, among others. Despite this, it has evolved into an intelligent tool that allows you to control work, home, finances, among other things from a single device in real time (smartphones), its performance is no longer measured only for the purpose it was created. say make or receive calls, but as a versatile and essential tool.
A TOOL OF FREEDOM
During this social evolution, “A tool of freedom” has emerged, among its many benefits, has allowed citizens to be freed from financial systems, from the wrong decisions made by their political leaders, isolate them from Dynamite Economies and even give access to the unbanked , putting in the hands of people a system that allows them to carry out transactions in a fast, efficient and secure way, which is constantly evolving through protocols based on blockchain and without the need to expose your privacy to make daily exchanges.
Just as the BTC and its evolutionary forks arrived, a cryptocurrency series also arrived to strengthen the ecosystem. All with the purpose of being used through cryptography as a means of exchange between people, from their different stream of conception, they are additionally useful for encrypting messages, combating censorship, ensuring privacy and even establishing smart contracts through same. Among many of its uses, they have tried to evolve to make them faster and more efficient in the context of handling more information in the shortest possible time, in a decentralized way and without discrimination.
MIRAGE
It is an alternative for which a large number of citizens around the world have decided to opt, observing cases of corruption and monitoring through regular channels, which are dominated by governments and transnational corporations of different services that only want to sustain their monopoly and hegemony around world. It is incredible to talk about money laundering, financing of irregular groups, human trafficking white and selling drugs directly related to cryptocurrencies, (they have stigmatized their use, no doubt) when these actions have existed even before the existence of them and even with the endorsement of governments that highlighted their neatness or justified their immoral actions under the premise of a masked struggle for "freedom".
Here are a few examples of how everything is not what it seems:
IranGate
Drugs and Justice
Youtube Censorship
Spy Social Networks
Everything that has been mentioned before has been done since all times and is a problem of human morality not of cryptocurrencies, they have masked these illicit actions with banks in tax havens, offshore accounts and any other channel that the banks themselves have hidden and has been used for money laundering and other illegal activities. Without implying that it is the responsibility of banks or corporations. The use is the sole responsibility of each user.
FAKE-NEWS
It cannot be guaranteed that cryptocurrencies are only a useful tool for breaking laws, just because people or groups have changed from using existing means to using cryptocurrencies to launder money or make illicit payments. I am also aware that the great global banking elite has television channels, newspapers, journalists, singers and others at your service. They serve as funded puppets to sustain their model and grab attention through their great social influence.
This motivates me even more to ensure that in its evolution through cryptography, cryptocurrencies allow and allow to cover all financial spaces in an intelligent, fast, secure and uncensored way from the north pole to the south pole.
FEARS
Do you know what I'm afraid of, dear Jill?(if one day you read that article), to live in this world of espionage, monitoring and political-economic persecution towards citizens. Large financial groups have chosen to attack cryptocurrencies in the face of the obvious independence they represent, using the means they have to discredit everything concerning them.
Cryptocurrencies do not seek the disappearance of banking systems, but rather be an alternative investment and payments without implying high payment commissions and fees for their use.
I can assure you that the BitcoinCash as a cryptocurrency that I use in most of my transactions (95%) has allowed me to send collaborations to needy groups in Southern Africa and Venezuela, donate to help those who do not have clothes or shelter , thank you for a comment to a person in Japan, receive a payment from Oceania for doing a good job, send a shipment to a family member thousands of km away and everything has been completed in a matter of seconds, without moving from my home, without discriminate against me because of my nationality or how much money I have in my bank account.
Imagine doing this in the current banking system is impossible, I can not do it because my credit cards in Venezuela do not allow me to make transactions in dollars, the exchange markets are all speculative and dominated by mafias, or because I simply need to have at least 500 $ and be a US citizen to be able to open an international account, and have access to send money from one continent to another.
Reasons that fortunately still dear Jill, you have not had to experience, and let me assure you that cryptocurrencies meet all the requirements to take the forefront in global exchanges.
I fear this world where everything seems to be what it is not, where many citizens are invisible. I will not give up trying to change it!
I invite you to visit the modest YouTube channel of the group to which I belong Cultura BCH and observe that the BitcoinCash is fast, reliable and secure. Please do it before it is censored.
If you feel identified with our efforts and activities as a independent group, your collaboration will be grateful for helping us meet the goals around the BCH in 2020.
submitted by SofiaCBCH to Bitcoincash [link] [comments]

Top Futurology News - For the week of Jan 31, 2020

Top Futurology News - For the week of Jan 31, 2020

https://preview.redd.it/tqsh8pba7fe41.png?width=1916&format=png&auto=webp&s=9a7ad2c9f90e9e47c3790967fe781be5e16ed33e
We hope you enjoy this week's update!
Links to all original sources below the super long image showcasing this weeks' stories.
submitted by _FuturistechInfo to singularity [link] [comments]

Top Futurology News - For the week of Jan 31, 2020

Top Futurology News - For the week of Jan 31, 2020

https://preview.redd.it/2vfzj3xf7fe41.png?width=1916&format=png&auto=webp&s=d86af073a267ce84c27f1133917719545f7210f1
We hope you enjoy this week's update!
Links to all original sources below the super long image showcasing this weeks' stories.
submitted by _FuturistechInfo to IsaacArthur [link] [comments]

[cryptocurrency] An entire city's electric bill jumped, no more crypto companies may site farms there for 18 months

Plattsburgh, NY is just across the lake from where I am. Due to the way Plattsburgh had set up their electrical sourcing - they're part of some sort of public/group buy program where they get some quantity of kilowatt-hours for essentially peanuts ( I don't remember the exact details) but it's really important for keeping electric heat on for low / fixed income folks. Because of the insanely cheap electricity pricing, it became popular to site large crypto/bitcoin farms in Plattsburgh. This bumped the usage of the area over their "peanuts" pricing tier into the "actually, electricity is expensive" tier and everyone's electric bill increased - so you'd get private citizens who have nothing to do with the hobby / industry owing $100 - $200 + more on the electric bill.
Plattsburgh has since responded by placing an 18 month moratorium on additional crypto companies setting up shop in town. Opinions are divided. On the one hand, it *was* adding a handful of jobs to the economy, not that running a server farm is really going to contribute much to Plattsburgh. On the other hand, the electricity usage was hurting other residents, and any time a municipality takes actions that are targeting a certain group or industry people are going to whine about it, justified or not.
Edit: I finally found the 7Days (Vermont Newspaper) article where I originally learned of the drama. Apparently Plattsburgh has some sort of electricity deal from the 50s and that's why it's cheap.
submitted by pikeminnow to HobbyDrama [link] [comments]

[CryptoNovel] Smells like Satoshi spirit (Part One)

Hi, all. I'm CryptoWukong([email protected]).
As an enthusiast of blockchain and cryptocurrency, I wrote a novel in that area.
Because this novel is my first work, it may be a bit sloppy or boring.
But if you could cheer me up with a little interest, it would be very helpful for me to write my next novel.
I will share this novel in a two or thtee part series, and this is part one. Enjoy your reading.
*Legal Notice: This post is for the purpose of providing personal works, so please be careful in your utilizing them. You cannot copy, distribute, edit the contents without my permission and you may be subject to legal disadvantages if you break this notice,.
_______________________________________________________________________________________________________________________________
"Uhmmm,,,"
Joseph woke up from his sleep, groaning in agony. Was it just a hangover or did he have a dream of his palmy days? Anyway, now he just hate himself for drinking like a dog last night. His former scoop lay on the floor to welcome him, as if it is proving that he was not suffering from a hangover after getting his heavy body out of bed.
「Satoshi Nakamoto, the serial killer of Satoshis」
​
After gulping down cold water, he feels as if he can remember last night like a film that is scattered everywhere.
"Satoshi..."
It happened a few years ago and it was quite forgotten by the public, but when he looked back on it, Joseph even thought he'd rather have not had the scandal.
Satoshi, who launched Bitcoin in early 2009, paved the way of new monetary and financial systems in the world and disappeared along the way. However, developers who saw its potential continued to develop and apply, and as time went on, more and more people participated and added value into it. Thanks to the effort, Bitcoin showed off its influence from some point on, even the existing financial institutions could not ignored anymore.
But in the process, those who claimed to be Satoshi Nakamoto began to appear, and at one point such persons began to be murdered without any trace. Joseph, who was a big fan of blockchain and cryptocurrency, was personally and professionally interested, and he sensed that he could do something big as a reporter. It was a really good touch, and became a reality in the end.
(Doorbell ringing)
"Joseph, are you home?"
Yesterday, Henry, who is Joseph's younger friends from school, rang the doorbell and yelled.
"Jo, are you in there? Did something happen to you?
(Knocking on the door strongly)
Henry began knocking at the door with frustration.
"Stop it. I'm coming!"
Joseph opened the door calmly, as if it wasn't the first time this had happened.
"Hey, what are you doing without answering your phone?"
"What do you think I did?"
"Have you been sleeping? Oh my,,, I thought something was wrong."
Henry was concerned about Joseph and often visits him because Joseph became depressed seriously. But Henry is not always welcomed when visiting and taking care of him .
As going inside the house, Henry saw the article about the scandal on the floor.
"I think we should go out for some fresh air and to eat. I don't want to see you depressed so pitifully at home"
"..."
"Come on, Jo"
When Henry tried to pull him out of the house, Joseph took his hat pretending to not to be able to resist.
It was a normal day as usual, but the world was changing day after day. Especially in the economic field, the whole world is experiencing an era of transformation into a new economic and financial system.
The advent of Bitcoin in early 2009 had a significant impact on the existing status of the US dollar, yen and other currencies, and governments, central banks, and even major companies in developed countries began to seek strategies to take the lead in the new financial era by benchmarking it while keeping an eye on the growth of Bitcoin. When they were ready enough, they calmly waited for the biggest bubble in cryptocurrencies including bitcoin, even intervened to make it happened.
However, the moment big bubble broke, major countries have revealed their hidden claws, and the maximum bubble began to burst, Bitcoin slowly descends into glory for several reasons. Meanwhile, China was the first country to seized the opportunity to get token hegemony.
Joseph and Henry, who decided to have brunch, settled down in the corner of their favorite restaurant.
"I think China was very clever"
Henry spat out as waiting for the menu he had ordered.
"What are you talking about?"
Joseph replied, looking out the window as if he was not interested.
"Look. China, which was cracking down on cryptocurrencies at the national level, issued national token based on Proof of Work. It was a big surprising. In some way, they would have preferred the most intuitive and straightforward method of proof as a one-party state, and they were probably confident that they wouldn't lose the computing power initiative based on the abundance of energy resources. What's interesting is that the token name is ONE. I think it was derived from the national slogan 'One China', but it's ironic that network on Proof of Work could bifurcate at any time"
"That's reasonable explanation"
Joseph said bluntly as getting the ordered meal as if he were slightly interested in talking.
"Another interesting thing is that China issued 1.5 billion tokens. They seem to have set the volume to fit its population, meaning one token for one person, and it revealed China's socialist characteristics in that way"
"Maybe it's true. China's socialism, highlighted by Deng Xiaoping in the past, highlighted everyone becoming wealthy under the Communist Party's leadership. And based one the socialism, it outwardly appealed to the people that each person can have one token, while inwardly controlling hash power to roll in money just like the way the vested interests did in the past. This is it. They pretended not to be interested in blockchain and cryptocurrencies but spent a lot of money in researching behind the scene"
Joseph finally gave his opinion as showing off his knowledge.
"Wow, you are awesome, Jo. Anyway, I think it's a bit scary how China has been through because they are still trying to emerge as a global hegemonic power over the U.S., even after they experienced trade dispute were with the U.S. and then wept away by civil war"
"In that sense, the U.S. accepted the token economy in their way and turned it into a token economy democracy."
"I know what and why they did. As we know, there are 50 states in the U.S., and they have the same numer of validators. In particular, I think it was Hail Mary that they issued national token based on Delegated Proof of Stake(DPoS). That way, they can measure how much the value of local brand is through competition in good faith while maintaining communities' uniqueness. More surprisingly, they could keep U.S.' unique electoral voting system based on DPoS in every election including the presidential election"
"Maybe it was good to get election campaign fund at first. Actually, it was easier to pay cryptocurrency than fiat money, and at that time, it was a lot better to get cryptocurrencies because their price showed a constant boost. The politicians who knew much about cryptocurrencies won their elections, and even the president who was friendly toward cryptocurrencies, sympathized with pro-cryptocurrency Congress, and they altogether made the new thing called 'the tokenized economic system'. Even the Federal Reserve colluded with the administration and Congress on the condition that it maintained its existing mandate and power. Only ordinary people worshipped the innovation and then had nothing left in the end"
"Well, this is another story but ordinary people like the basic income system though. As artificial intelligence became common, our jobs were threatened first. In the old industrial revolution, we expected that new technology would create new jobs. But this time it's totally off the mark. In that mood, there was a consensus on the introduction of the basic income system. We've solved the problems of the basic income system in the past: lack of tax revenue and distribution of the revenue. But the problems were solved by issuing token. It also reduced the cash in the underground economy. I feel like a new world has influenced in many ways"
"That's because we've now got a mature society where people could be satisfied with their basic income and happily do what they really wanted to do. Fortunately, we've established a lot of places to use the token income rapidly. The bottom line is that both basic income and token focus on utilization, not possession. So far, it's been successful"
"There you go, Jo! As you said, the token system was a timely technology and policy."
Joseph finished the meal with a slight frown shrugging off compliments.
"Satoshi Scandal..."
Joseph exhaled as small as a sigh.
The scandal began with a well-known Australian developer who was one of victims in a series of murders where those who claimed they were real Satoshi were killed one by one. The way of killing was cruel and the scenes of the killing were as dispersed: the US, China, Europe, Asia and so on. While cryptocurrency supporters got widly excited about that, the national investigative agencies just looked incompetenct in the serial killings for slow investigations. Soon after, they began tracking it in a worldwide collaboration. At the same time, Joseph was inspired by his animal instinct and persistent research finally pointed Satoshi out as the serial killer, and this scandal was his biggest scoop.
https://i.redd.it/o6kj8wy3vbg31.jpg
As a result, Joseph became a star journalist, and registered his personal token, then his personal token exchange rate skyrocketed. He even established a one-man media company with his name, making himself a famous journalist.
However, when the world's most collaborative investigative agencies fell into the sidekick of the scandal, the governments and authorities of those countries involved in the investigation have rather sacked Joseph through media brainwashing and have accused him of being a serial killer. When Joseph was in the midst of popularity and persecution, the joint investigation authorities were closing in on a suspect of serial killing.
Eventually, the suspect committed suicide, leaving behind a suicide note with a private key in Satoshi wallet containing one million bitcoin. So the scandal of the century came to an end, and Joseph remained an issuemaker for a while at the same time as the charges were cleared. Meanwhile, Bitcoin marked the last rally for the highest market ever since the scandal.
"Since then, Bitcoin used its last strength..."
"What? What did you just say, Jo?"
"No, it's not a big deal. Let's get out of here"
Joseph went outside with Henry in a hurry.
Some days later, Joseph stopped by his favorite bar and sat on the place where he always sit. He just sat staring for some minutes, listening to bar songs. But soon, all kinds of thoughts came across his mind. He didn't want to admit it, but he'd rather die than being treated like a has-been because of his damn pride. What's more annoying is the reality of Joseph's personal token exchange rate, which has been on the decline.
It has not been long since there has been the individual token system, but it has become a global trend with demand exploding, mainly for influential people. With the introduction of the token economy system in full swing by country, financial authorities were able to make personal tokens that is linked to the national token through screening by the financial authorities, and these individual tokens were valued according to the national token in real time. The national token is based on the median wage of employees in the country, so higher than 1 means more than the middle class, and lower than 1 means there is no economic leeway. If you comply with the regulations of the authorities, you'll be able to build many business models based on individual tokens such as staking, loans, dividends and so on. Indeed, new era has come when individuals have become small economic players, and big individuals and corporations with influence are second only to a single bank or financial system.
'0.65382139'
Joseph's personal token exchange rate blinked on his smartwatch screen. Since he made him famous with the scandal then, his token rate was ten times more than the current rate but the reality is harsh now. Nevertheless, the reason for living his life is that there are people who support me like Henry with the faint hope that one day he will be able to hit another jackpot.
Henry, his younger alumni, has been working as an influencer in a decentralized autonomous organization(DAO) created by a well-known businessman. While one had a single identity as a nation's citizen, they now has another strong identity in the token community where each belongs. Feeling the same sense of homogeneity in the same community, participants are engaged in social activities aside from one's nationality and religion, and are also engaged in token-based consumption activities.
Joseph suddenly wanted to see Henry, but decided to have his own time this time.
He took a laptop out of his bag to write a column, trying to ignore his crumbling pride. Maybe it was because of the slight drunkenness, he wanted to write an article about a serious topic.
​
「Return to Sash caused by aliases and anonymity, coincident or inevitable?」
Bitcoin, which was released in early 2009, paved the way for cryptocurrency transactions that can be traced through distributed ledger technology thanks to 'aliases', although it can't certain who the transaction participants are. However, 'aliases' evolved to 'anonymity' as it met the desire to protect personal information that was close to human instincts over time, and eventually combined with advanced electronic cryptology and a huge token economy. Indeed, swiss bank accounts that anyone wanted to have went into their digital asset wallets. But no matter how anonymous it is, the moment a technical defect occurs or is transferred to a non-anonymous coin, its anonymity disappears and the transaction details may be exposed. Meanwhile, the government believed that they had secured a master key to open the token world by establishing a perfect token tracking system that would be possible to trace any transactions. But unlike that judgment, when the token economy permeates the daily lives of the whole generation, the token system with anonymity technology spread to the world without any problem. And then developed countries that have studied and monitored token system for a long time finally concluded that leaving uncontrollable anonymity and token economy would be such a handicap to gain vested interests in the future. This life-and-death check created unexpected repercussions: conflicts between the old and new generation.
https://i.redd.it/qzr8h698vbg31.jpg
The old generation, who was still accustomed to cash, began to return to cash in protest against the government and the young generation, who recognized tokens as daily currency from their birth, ridiculed the old generation and used them even more as the government kept them in check. By then, however, a fatal flaw in the anonymity protocol occurred and there was a great confusion when the biggest bubble in cryptocurrencies including bitcoin fell at a similar time. In conclusion, there was a rift in trust and support for decentralized tokens due to their aliases and anonymity which were considered safe, transparent and able to protect personal information. Also, major crypocurrencies, which had high brand value, just survived and became a means of preserving anarchists' assets. At the same time, some developed countries have been eager to promote national tokens, claiming that the only reliable assets including even anonymous tokens can be developed well only by nation. Is it just a coincidence or is it inevitable that all the suspicious events took place in this process?
​
Joseph suddenly lost his concentration wondering whether it was hard to write or it was because of a drunkenness. And he decided to edit it later and got out of the bar. There were many people on the streets friday night, and he strode home past the crowd. No one in the crowd recognized him unlike the past, but he still remembered himself and people back then. After the Satoshi scandal, many expected more provocative and conspiratorial articles from Joseph but he hated it. However, he instinctively began to pour out attention-grabbing articles to keep his fans from being forgotten. Was that a wrong judgment? He had had his day after the cryptocurrency bubble burst. Like so many tokens, he also lost his own value because he failed to show sustainable talent. But tonight he wrote for a long time and felt like he's back in the old days. As if he wants someone to know his feeling of pride, he is lost in his thoughts again sitting on a roadside bench and watch people passing by.
Although current Bitcoin's symbolism and impact has been considerably ruined compared to that of its former, he thought it was 'falling of glory' that would one day happen anyway. Because Bitcoin has shown enough value and possibility, other token projects have experienced less trial and error and are able to settle at a faster rate, and Mass adoption of the token has built up a big industry and brought forth a new paradigm for real economy.
The point here is why it fell from glory. It is widely believed that the reason was not one, but exploded at a certain time with a variety of reasons.
First of all, the scandal turned Satoshi out to be a brutal figure, who had had apparently existed but not at the same time. Some even raised the conspiracy that Satoshi's suicide note with the private key on his wallet was fabricated by the government or authorities, and that the real killer was definitely a puppet of the authority. Whether it's true or not, what's clear is that Satoshi is recognized as a cruel being in most people's brains.
Another reason is the ambivalence of the token. Although the Internet, for example, has shown immediate news and innovation that has given birth to big data in the past, many events and accidents that might have been ignored quietly, have spread rapidly throughout the world through the Internet. Eventually, the Internet platform turned into a political propaganda tool that the world is violent and so must be able to calm the turmoil only with force. The blockchain, which is more than Internet-wide and highly leveraged, has also had a special economic mechanism called 'token', although it has built a huge distributed network and instant digital community like Internet. But when this trait combined with human greed and crowd psychology, a 'New Totalitarianism' has been triggered. This was possible because the extreme supporters of Bitcoin and the anarchists built up spiritual solidarity, feeling homogeneity with each other, and tokens including Bitcoin became their economic basis. New totalitarian community that transcended nationality was inspired by the cunning incitement of shadow governance, causing bloodshed and terrorism in many parts of the world. And in doing so, such events drew the limits of Satoshi's spirit on its own. Then, Satoshi became a negative perception among people asid from the image that he was just a murderer.
However, there is a certain reason for its fall of glory: its bubble is over. As Satoshi was finally found to be a serial killer who committed suicide, Bitcoin recorded the highest-ever rally, and presented the biggest bubble ever in history. But soon the marketcap of cryptocurrency shrank due to the lack of network security affected by the endless political squabbling of ASIC mining groups or other big groups and the intervention of the market by powerful institutions that looked at Bitcoin as an eyesore.
Joseph suddenly became confused as thinking about the rise and fall of bitcoin he had covered in the past. He just wanted to go home for a rest. Looking back on bitcoin's history, which once raised expectations that it would replace u.s. dollar as well as gold, he felt some similarity with it because it was over-rapped with his history.
When he arrived at the front of the house and opened the front door, he saw something through a gap under the door. He found a briefcase stuck in a gap under the door and began to figure out what it was. He reached out and carefully pulled the corner of the envelope, wondering who stabbed a newspaper or something that he didn't subscribe to. And he found four letters written just below it, along with the words 'supreme confidentiality'.
'LUCY'
Source : www.satoshicode.com[SatoshiCode](www.satoshicode.com)
submitted by satoshicode_com to Bitcoin [link] [comments]

spec shitshow #5

one of the few who still reads these?  
I don't have to be PC so let me just say it how it is:
Young naive writer https://twitter.com/AlyssaHertig gets handed narrative by the paper. Writes some stupid shit, gets paid by VC indirectly for protecting the portfolio (because IOTA is a threat to the entire portfolio). Slap a graphic on top of it. Done.
I agree that there is no "grand conspiracy" to damage the IF. It's regular business for coindesk at this point.
https://www.coindesk.com/iota-2-7-billion-cryptocurrency-developers-love-hate/
 
Attacking IOTA on a scientific level ended with self inflicted academic fraud (allegedly), exposing bad actors and destroyed reputations, while educating the IOTA community about the protocol itself. If the media didn't spin the DCI/IOTA incident, it would have been an absolute PR bloodbath for DCI. The new angle is: hurt the IF by making it look like a toxic environment for developers.
That's why month old screenshots are being digged out. This is FUD with surgical precision because developers engaging with the IOTA protocol is one of the more underrated but really fucking important factors.
Thanks to the first steps in making the IF more transparent however, we now know over that 1300+ developers/creators are part of the Ecosystem. https://ecosystem.iota.org
 
Yes, you should boycott Coindesk. No, it's not childish. You should generally avoid all bad press as it's a waste of time.
 
If the first newspaper you’ve read was on an iPad you might not know this: Serious newspapers label articles, in which the writer states his/her opinion on the topic he/she is reporting on, AS SUCH. Those are often referred to as “Opinion Pieces” or a “Comment”. However...
 
Most crypto news sites are simply a vehicle to push undisclosed native advertisement
https://en.wikipedia.org/wiki/Native_advertising
[Native advertising is a type of advertising, mostly online, that matches the form and function of the platform upon which it appears.] ...
[a clear disclosure is deemed necessary when employing native marketing strategy in order to protect the consumer from being deceived] ... [According to Federal Trade Commission, means of disclosure include visual cues, labels, and other techniques.[8]]
 
here is a good example of a native advertisement: https://www.coindesk.com/circle-adds-zcash-crypto-investment-app/
 
If a news outlet is NOT even labeling opinion pieces as such - it’s not worth your time. It will add more confusion than clarity. Because that’s what it’s designed to do.
Let's see if we can spot the difference between professional and fraud:
  1. https://www.finder.com.au/fujitsu-showcases-iota-cryptocurrency-as-new-automation-standard    
  2. https://thenextweb.com/hardfork/2018/04/28/iota-university-college-london-ucl/
see how finder.com.au is very clear about everything? Opinion and disclosure? TNW not so much...
ok, let's never talk about this again! Let's finally move on.
 
We should stay healthy skeptics towards corporate adoption. Friendly reminder the IF exists mainly to push back on corporate agendas.
For all we know, some just do it for the extra likes on twitter because of a #IOTA hashtag. Rarely do corporate SM accounts enjoy this kind of attention.
If you think i'm being anti-corporate libtardish, consider this: Industry 4.0 needs IOTA more than IOTA needs them. https://twitter.com/Schuldensuehnestatus/989738856298659841 Not only to stay competitive but also to not get hacked and shut down by “insert country”. Bosch, Fujitsu and DXC are maybe the first to realize this. SO PLEASE stop begging on social media and tweeting at Elon Musk about IOTA. It’s not a good look.
 
that being said:  
Institutional money and regulation is the hot topic right now. And most likely will be during 2018. BTC Futures showed a recent spike in Volume hinting at smart money flowing in: https://twitter.com/CryptoKinky/status/989569263383011328 (dont judge me for my resources i cant afford nice looking charts)
There are several news articles about WS traders moving to crypto and so on. Looks like things are starting to get rolling in the institutional world, as infrastructure is being set up.
Contrary to popular tinfoilery belief (aka. "The Cartel" Medium Article, that all of Bitcoin is 100% manipulated already based on future contracts), futures had relatively small volume compared to the global btc volume - most likely not important enough to justify manipulation of the entire market.
https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd (global volume)
 
Even the SEC Chairman Jay Clayton stated that futures market is "quite small" in his public statement before the february hearing:
https://www.cftc.gov/PressRoom/SpeechesTestimony/opagiancarlo37
It is important to put the new Bitcoin futures market in perspective. It is quite small with open interest at the CME of 6,695 bitcoin14 and at Cboe Futures Exchange (Cboe) of 5,569 bitcoin (as of Feb. 2, 2018). At a price of approximately $7,700 per Bitcoin,15 this represents a notional amount of about $94 million.
 
If you believe in a paradigm shift, this means we are still early.
 
Recent regulatory voices and twitter drama led to this piece by https://coincenter.org/entry/no-ether-is-not-a-security
Why is this important? Companies in the US most likely are patient about making an investment into any crypto token as there is regulatory uncertainty.
DXC TECHNOLOGY COMPANY, showcased a PoC with IOTA. At Q4 in december, DXC has stated:
213 Million in Net cash provided by (used in) investing activities. https://www.sec.gov/Archives/edgadata/1688568/000168856818000007/dxc1231201710-q.htm
Just some food for thought:
If you are already spending opportunity cost on IOTA, why wouldn't you leverage that with the token. Bosch invested into the token as well, most likely because there is more regulatory certainty in germany. Fujitsu wants to roll out IOTA as an industry standard (as it seems). This is not your regular Shitcoin. There is a reason dumb money is called dumb. Last time i check Verge had 10x the volume on binance compared to IOTA.
 
There are no fundamentals yet in evaluation, it’s purely speculative - but with more institutions moving into the space this might change. As such, CCs with industrial use could likely see a reevaluation. But, looking in from the outside, there seem to be some hurdles.
this twitter account is one of the more resourceful ones, he lets out some numbers to boost his SM traction (god bless him) https://twitter.com/joel_john95
as outsiders, this will be an extremely helpful resource. He tweeted out a quarterly report https://medium.com/outlier-ventures-io/state-of-blockchains-q1-2018-1efe284572c1
he writes: Over $1.8 billion has been invested into firms working with the blockchain ecosystem through corporate venture capital to date.
That’s not that much. Is it. For the entire ecosystem? Friendly reminder snapchat, after a 20% fall, is a 15 billion company. Just to get some perspective.
 
Especially if you consider the crypto market is still in the hands of leveraged daytraders on bitmex and whales, who got big stacks in a coin early on.
Imagine you want to invest 3M into IOTA as a CVC, you would’t spin up Binance and hit marketorder. You contact the IF and see if you can buy some, or outlier ventures might want to part with some, or even the founders i imagine hold quite a substantial amount.
I often see people asking for more exchanges - that's kinda missing the point. What you want at this point is more institutional interest. That's the kind of demand we want. Thats what you would call "organic growth" i guess.
Ripple holders, thinking a coinbase listening would make XRP go to $10, fail understand that Ripple itself holds a substantial amount of tokens where VCs can go and buy in bulk. And that’s why XRP is such a Shitcoin in the first place.
 
Cool thing about open ledgers is that you can look at them. Go figure. https://arewedecentralizedyet.com/
 
Ripple and XLM look extremely bad with over 90% of coins held in the top 100 addresses (shitcoins confirmed). TRX and EOS don’t even have a mainnet yet to really track it - so you can imagine the numbers are likely shit too. ADA is looking way better than IOTA in terms of wealth distribution. But 60% for whales, IF and Founders is probably better than what most projects can show for.
Thing is, the small guys got in on crypto first. Not the banks, not a selected silicon valley investor boisclub either. While this is good for us, it's a nightmare for investment banks and such.
JPMorgan admitted that in their “BTC Bible” saying:
Ownership is highly concentrated. The opportunity set around direct CC trading appears relatively limited for banks
(Think about that for a second.)
CVC investing into the token could be, in my speculative opinion, the most likely catalyst for the price of IOTA, as its industrial adoption can build a synergy for entire sectors. As the main argument for Bitcoin is price uncorrelation to legacy assets, IOTA might be an interesting pick for the smart money, as it could be one of the few CCs with actual fundamental impact on different industry sectors. Something Blockchain, after 10 years, has failed to do.
Let me summarize because i was a bit all over the place. Things i will look for going forward:
  1. Institutional infrastructure is being built as we speak as regulations get more clear
  2. 2018 might see the highest investments into the blockchain ecosphere
  3. Financial talent from legacy market is switching to crypto
  4. Retail investors are the early adopters, not exclusive silicon valley boiclubs
  5. Liquidity is really bad, its hard to buy a lot of crypto for institutions
  6. The real FOMO and bubble might come with the “smart” money
  7. IF addressing wealth distribution and being more transparent
(i do not have a finance background as you can see and i write these to offer some interesting links and resources you might find useful in your own research.)
submitted by thatleechi to IOTAmarkets [link] [comments]

[Friday, 14. June]

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