US Marshals to Auction $25 Million in Bitcoin - Total Patriot

Round up of Cryptocurrency News #7 Week 17/08 - 23/08

Heya everyone! Its been a little while, I'm still trying to get back into the groove of writing. Sorry about post#6, there will be a catch-up posted soon.
 
So... onto News recap #7! What have seen happen? First of all we have seen a pump from a bunch of altcoins: OMG, Cosmos, IOTA, NEO, THETA, ARAGON, SiaCoin, Golem, Swipe. As Ethereum fees remain high Omisego pumped over 130% in one day. It has now pulled back, watch the volume for further movement. Something interesting to me is a lot of these are projects from 2017.
 
Link appears to have broken its bullish market structure, dumping 23% in 48 hours. Be careful. IOTA is pushing its boundaries as its chrysalis mainnet goes live inching closer to complete decentralisation! https://cryptopotato.com/iotas-chrysalis-goes-live-on-mainnet/
 
Ethereum 2.0 upgrade is harder than first appeared, Vitalik says it will take much longer as they have a governance issue for the new blockchain.
 
Bitcoin and Ethereum have had slight adjustments in price potentially tightening up for another move (Hold above $11700 please!) Fingers crossed it is in the upward direction. They are currently in the red over the past few days however don't let that fool you as they are both up over 20% over the last 30 days. Also there was much excitement as Bitcoin rallied over 12K but was quickly beaten down back under. We can now be clear this is a resistance level and possibly a soon to be support level as the price has been steadily pushing back upwards toward 12k. In spite of this most crypto influencers are bearish and expecting a pull back.
 
News for the week: More awareness of cryptocurrency and purchasing by institutional traders, but do they have the iron hands to play the crypto market? We will have to wait and see, as for Dave Portnoy (who cares), he entered and left within a week. Blames Chainlink and Orchid as Chainlink dumps 20% on him in a day. "Ive bought the top many times" Portnoy doesn't understand the principles of the market as he also appears to think pump and dumps are encouraged within the cryptosphere. I'd keep an eye on him if he tries to push a cryptocurrency onto anyone.
 
Outside of the meme news, "Bitcoins perception is changing over time, its image as a money-laundering vehicle has subsided, with investors now taking a much keener interest in it. News story counts of potential money laundering were much more prevalent in 2013-14 but have since subsided, while counts of Bitcoin as an investment have become more of a focus."
 
Bitcoin's hashrate reaches record high of 130 exahash per second (EH/s). This is especially important after bitcoins halving, as miners have had to switch off and upgrade from old inefficient mining rigs, because when miners commit more computing power to process BTC transactions it helps to strengthen the network and secure it against 51% attacks!
 
Warren Buffet changes his mind on Gold, will Bitcoin be next on his mind? Buffetts company reveals it has dumped bank stocks (such as JP Morgan, Goldman Sachs) and taken a position in a gold miner. This could also be a cheeky indicator something is a bit fishy within the current US financial system and Buffett is looking to retain his wealth for rockier times to come.
 
Thanks for reading, this week it is very Bitcoin heavy as I am thinking a move is on the way for the top performing cryptocurrencies. Below I would recommend reading the important links and CBDC links. It shouldnt be more than 30 mins, and most of them you can skim through :)
 
DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕 Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments! Big thanks to our Telegram and My Crypto HQ for the constant news updates! The Gravychain Collective: https://t.me/gravychain My Crypto HQ: https://t.me/My_Crypto_HQ
Important Links:
More links:
Central Bank Digital Currencies (CBDC):
Bitcoin Adoption + cryptocurrency engagment:
submitted by IOTAbesomewhere to Gravychain [link] [comments]

Weekly Crypto News — July, 13 (Bitcoin, Vechain, Visa, Binance, and other)

What important crypto events happened last week?

Regulation, Government, Mass Adoption

📌 Visa has posted a vacancy for blockchain developers. Potential employees will create decentralized applications. Visa requires experience with Ethereum, as well as the ability to work with the Bitcoin, Ripple, R3 blockchains and the Solidity programming language. Employees will be part of a team dedicated to creating innovative “non-card” payment products for Visa.
📌 Binance-backed blockchain hotel reservation service Travala has announced a partnership with Expedia, a US travel agency. Thanks to this, it will be possible to pay for rooms in 700,000 hotels from the company's catalog using Bitcoin.
📌 Bitcoin industry veteran, venture investor and billionaire Brock Pierce announced his intention to compete in the upcoming US presidential election. Pierce noted that he is going to the polls as an independent candidate. The campaign will be held under the slogan “Leadership. Experience. Values ”, but there is currently no specific program that Pierce intends to offer voters.
📌 Zap and Visa will release a payment card for Bitcoin payments. Jack Mullers, developer of the popular lightning wallet Zap Wallet, has announced the launch of Strike's open beta. With it, users will be able to make payments in Bitcoin through direct bank transfers.
📌 The Central Bank of Japan announced the start of testing the digital yen. According to the statement, at the first stage of testing, the bank intends to evaluate the possibility of launching the coin from a technical point of view and will consider the reliability of such a tool and its availability to the general public. Meanwhile, China is already in full swing testing digital yuan in 4 cities in such large networks as McDonald’s and Starbucks.
📌 The United States Internal Revenue Service (IRS) has launched an investigative pilot program that seeks to find tools to track various types of cryptocurrency transactions. These include private coin analysis software and second-tier protocols such as the Lightning Network. The tools will be used by investigators, who in their work face the need to unravel the movements of privacy-oriented cryptocurrency users.

Coins, Projects, Startups

📌 VeChain rose 73% amid a conference with Microsoft and Amazon. The market value of cryptocurrency has grown by 73% over the past five days, updating a two-year high. Thanks to this, the coin returned to the top 20 digital currencies by capitalization.
📌 Binance has announced the distribution of BinanceTurns3 collectible tokens, released in honor of the platform’s third birthday. BinanceTurns3 are non-fungible (NFT) tokens with unique properties. NFT has no practical use, but they can be bought and sold at auctions. The cost of previous Binance NFTs reaches several thousand dollars. The most expensive token was sold at the OpenSea marketplace for $5,000.
📌 The developers of the Ravencoin cryptocurrency recommended that miners activate an emergency update after a vulnerability was found. The bug resulted in excessive emission by Raven Coin attackers in excess of the established block reward of 5,000 RVN (~$91). User assets were not affected.

Blockchain, Mining

📌 Sino Global Capital CEO Matthew Graham announced the sale of Filecoin mining equipment (FIL) in China, which surprised the expert. In the Filecoin system, miners receive a reward for storing information, so Graham doubted the need for special equipment. The main network of the project has not yet been launched. Thomas Heller, F2Pool Mining Pool Global Business Director, confirmed that sales are made only in China.
📌 The head of Tesla and SpaceX, Elon Musk, a year later denied speculation about participating in the creation of solutions on Ethereum. In the crypto community, the entrepreneur was thought to participate in projects with ETH. In April 2019, Musk tweeted with the word “Ethereum”. Subsequently, he made a reservation that it was a joke. Elon Mask still considers Bitcoin the most reliable cryptocurrency, although he owns only 0.25 BTC.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to cryptonewswire [link] [comments]

Weekly Crypto News — July, 13 (Bitcoin, Vechain, Visa, Binance, and other)

What important crypto events happened last week?

Regulation, Government, Mass Adoption

📌 Visa has posted a vacancy for blockchain developers. Potential employees will create decentralized applications. Visa requires experience with Ethereum, as well as the ability to work with the Bitcoin, Ripple, R3 blockchains and the Solidity programming language. Employees will be part of a team dedicated to creating innovative “non-card” payment products for Visa.
📌 Binance-backed blockchain hotel reservation service Travala has announced a partnership with Expedia, a US travel agency. Thanks to this, it will be possible to pay for rooms in 700,000 hotels from the company's catalog using Bitcoin.
📌 Bitcoin industry veteran, venture investor and billionaire Brock Pierce announced his intention to compete in the upcoming US presidential election. Pierce noted that he is going to the polls as an independent candidate. The campaign will be held under the slogan “Leadership. Experience. Values ”, but there is currently no specific program that Pierce intends to offer voters.
📌 Zap and Visa will release a payment card for Bitcoin payments. Jack Mullers, developer of the popular lightning wallet Zap Wallet, has announced the launch of Strike's open beta. With it, users will be able to make payments in Bitcoin through direct bank transfers.
📌 The Central Bank of Japan announced the start of testing the digital yen. According to the statement, at the first stage of testing, the bank intends to evaluate the possibility of launching the coin from a technical point of view and will consider the reliability of such a tool and its availability to the general public. Meanwhile, China is already in full swing testing digital yuan in 4 cities in such large networks as McDonald’s and Starbucks.
📌 The United States Internal Revenue Service (IRS) has launched an investigative pilot program that seeks to find tools to track various types of cryptocurrency transactions. These include private coin analysis software and second-tier protocols such as the Lightning Network. The tools will be used by investigators, who in their work face the need to unravel the movements of privacy-oriented cryptocurrency users.

Coins, Projects, Startups

📌 VeChain rose 73% amid a conference with Microsoft and Amazon. The market value of cryptocurrency has grown by 73% over the past five days, updating a two-year high. Thanks to this, the coin returned to the top 20 digital currencies by capitalization.
📌 Binance has announced the distribution of BinanceTurns3 collectible tokens, released in honor of the platform’s third birthday. BinanceTurns3 are non-fungible (NFT) tokens with unique properties. NFT has no practical use, but they can be bought and sold at auctions. The cost of previous Binance NFTs reaches several thousand dollars. The most expensive token was sold at the OpenSea marketplace for $5,000.
📌 The developers of the Ravencoin cryptocurrency recommended that miners activate an emergency update after a vulnerability was found. The bug resulted in excessive emission by Raven Coin attackers in excess of the established block reward of 5,000 RVN (~$91). User assets were not affected.

Blockchain, Mining

📌 Sino Global Capital CEO Matthew Graham announced the sale of Filecoin mining equipment (FIL) in China, which surprised the expert. In the Filecoin system, miners receive a reward for storing information, so Graham doubted the need for special equipment. The main network of the project has not yet been launched. Thomas Heller, F2Pool Mining Pool Global Business Director, confirmed that sales are made only in China.
📌 The head of Tesla and SpaceX, Elon Musk, a year later denied speculation about participating in the creation of solutions on Ethereum. In the crypto community, the entrepreneur was thought to participate in projects with ETH. In April 2019, Musk tweeted with the word “Ethereum”. Subsequently, he made a reservation that it was a joke. Elon Mask still considers Bitcoin the most reliable cryptocurrency, although he owns only 0.25 BTC.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoNews [link] [comments]

Weekly Crypto News — July, 13 (Bitcoin, Vechain, Visa, Binance, and other)

What important crypto events happened last week?

Regulation, Government, Mass Adoption

📌 Visa has posted a vacancy for blockchain developers. Potential employees will create decentralized applications. Visa requires experience with Ethereum, as well as the ability to work with the Bitcoin, Ripple, R3 blockchains and the Solidity programming language. Employees will be part of a team dedicated to creating innovative “non-card” payment products for Visa.
📌 Binance-backed blockchain hotel reservation service Travala has announced a partnership with Expedia, a US travel agency. Thanks to this, it will be possible to pay for rooms in 700,000 hotels from the company's catalog using Bitcoin.
📌 Bitcoin industry veteran, venture investor and billionaire Brock Pierce announced his intention to compete in the upcoming US presidential election. Pierce noted that he is going to the polls as an independent candidate. The campaign will be held under the slogan “Leadership. Experience. Values ”, but there is currently no specific program that Pierce intends to offer voters.
📌 Zap and Visa will release a payment card for Bitcoin payments. Jack Mullers, developer of the popular lightning wallet Zap Wallet, has announced the launch of Strike's open beta. With it, users will be able to make payments in Bitcoin through direct bank transfers.
📌 The Central Bank of Japan announced the start of testing the digital yen. According to the statement, at the first stage of testing, the bank intends to evaluate the possibility of launching the coin from a technical point of view and will consider the reliability of such a tool and its availability to the general public. Meanwhile, China is already in full swing testing digital yuan in 4 cities in such large networks as McDonald’s and Starbucks.
📌 The United States Internal Revenue Service (IRS) has launched an investigative pilot program that seeks to find tools to track various types of cryptocurrency transactions. These include private coin analysis software and second-tier protocols such as the Lightning Network. The tools will be used by investigators, who in their work face the need to unravel the movements of privacy-oriented cryptocurrency users.

Coins, Projects, Startups

📌 VeChain rose 73% amid a conference with Microsoft and Amazon. The market value of cryptocurrency has grown by 73% over the past five days, updating a two-year high. Thanks to this, the coin returned to the top 20 digital currencies by capitalization.
📌 Binance has announced the distribution of BinanceTurns3 collectible tokens, released in honor of the platform’s third birthday. BinanceTurns3 are non-fungible (NFT) tokens with unique properties. NFT has no practical use, but they can be bought and sold at auctions. The cost of previous Binance NFTs reaches several thousand dollars. The most expensive token was sold at the OpenSea marketplace for $5,000.
📌 The developers of the Ravencoin cryptocurrency recommended that miners activate an emergency update after a vulnerability was found. The bug resulted in excessive emission by Raven Coin attackers in excess of the established block reward of 5,000 RVN (~$91). User assets were not affected.

Blockchain, Mining

📌 Sino Global Capital CEO Matthew Graham announced the sale of Filecoin mining equipment (FIL) in China, which surprised the expert. In the Filecoin system, miners receive a reward for storing information, so Graham doubted the need for special equipment. The main network of the project has not yet been launched. Thomas Heller, F2Pool Mining Pool Global Business Director, confirmed that sales are made only in China.
📌 The head of Tesla and SpaceX, Elon Musk, a year later denied speculation about participating in the creation of solutions on Ethereum. In the crypto community, the entrepreneur was thought to participate in projects with ETH. In April 2019, Musk tweeted with the word “Ethereum”. Subsequently, he made a reservation that it was a joke. Elon Mask still considers Bitcoin the most reliable cryptocurrency, although he owns only 0.25 BTC.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Weekly Crypto News — July, 13 (Bitcoin, Vechain, Visa, Binance, and other)

What important crypto events happened last week?

Regulation, Government, Mass Adoption

📌 Visa has posted a vacancy for blockchain developers. Potential employees will create decentralized applications. Visa requires experience with Ethereum, as well as the ability to work with the Bitcoin, Ripple, R3 blockchains and the Solidity programming language. Employees will be part of a team dedicated to creating innovative “non-card” payment products for Visa.
📌 Binance-backed blockchain hotel reservation service Travala has announced a partnership with Expedia, a US travel agency. Thanks to this, it will be possible to pay for rooms in 700,000 hotels from the company's catalog using Bitcoin.
📌 Bitcoin industry veteran, venture investor and billionaire Brock Pierce announced his intention to compete in the upcoming US presidential election. Pierce noted that he is going to the polls as an independent candidate. The campaign will be held under the slogan “Leadership. Experience. Values ”, but there is currently no specific program that Pierce intends to offer voters.
📌 Zap and Visa will release a payment card for Bitcoin payments. Jack Mullers, developer of the popular lightning wallet Zap Wallet, has announced the launch of Strike's open beta. With it, users will be able to make payments in Bitcoin through direct bank transfers.
📌 The Central Bank of Japan announced the start of testing the digital yen. According to the statement, at the first stage of testing, the bank intends to evaluate the possibility of launching the coin from a technical point of view and will consider the reliability of such a tool and its availability to the general public. Meanwhile, China is already in full swing testing digital yuan in 4 cities in such large networks as McDonald’s and Starbucks.
📌 The United States Internal Revenue Service (IRS) has launched an investigative pilot program that seeks to find tools to track various types of cryptocurrency transactions. These include private coin analysis software and second-tier protocols such as the Lightning Network. The tools will be used by investigators, who in their work face the need to unravel the movements of privacy-oriented cryptocurrency users.

Coins, Projects, Startups

📌 VeChain rose 73% amid a conference with Microsoft and Amazon. The market value of cryptocurrency has grown by 73% over the past five days, updating a two-year high. Thanks to this, the coin returned to the top 20 digital currencies by capitalization.
📌 Binance has announced the distribution of BinanceTurns3 collectible tokens, released in honor of the platform’s third birthday. BinanceTurns3 are non-fungible (NFT) tokens with unique properties. NFT has no practical use, but they can be bought and sold at auctions. The cost of previous Binance NFTs reaches several thousand dollars. The most expensive token was sold at the OpenSea marketplace for $5,000.
📌 The developers of the Ravencoin cryptocurrency recommended that miners activate an emergency update after a vulnerability was found. The bug resulted in excessive emission by Raven Coin attackers in excess of the established block reward of 5,000 RVN (~$91). User assets were not affected.

Blockchain, Mining

📌 Sino Global Capital CEO Matthew Graham announced the sale of Filecoin mining equipment (FIL) in China, which surprised the expert. In the Filecoin system, miners receive a reward for storing information, so Graham doubted the need for special equipment. The main network of the project has not yet been launched. Thomas Heller, F2Pool Mining Pool Global Business Director, confirmed that sales are made only in China.
📌 The head of Tesla and SpaceX, Elon Musk, a year later denied speculation about participating in the creation of solutions on Ethereum. In the crypto community, the entrepreneur was thought to participate in projects with ETH. In April 2019, Musk tweeted with the word “Ethereum”. Subsequently, he made a reservation that it was a joke. Elon Mask still considers Bitcoin the most reliable cryptocurrency, although he owns only 0.25 BTC.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoNews24by7 [link] [comments]

QuarkChain Monthly AMA Summary-02/22/2020

QuarkChain Monthly AMA Summary-02/22/2020

https://preview.redd.it/nscgafxibck41.png?width=2152&format=png&auto=webp&s=fbceb8e21020811bea5545b82e65bc5eeac5e420
QuarkChain holds a monthly AMA (Ask Me Anything) on Telegram/Wechat groups on Saturday at 7–8 PM PST. This is the summary for February AMA. We welcome any questions, comments, and suggestions.
Q1: The Bitcoin halving is taking place this year. How do you expect this to affect the entire blockchain industry? What role will QuarkChain play in the industry?
The Bitcoin halving is a major event in 2020 and we believe this event may have significant impacts.
Technically speaking, this means every block reward is reduced from 12.5 BTC to 6.25 BTC, and the inflation rate is also halved.
As a result, firstly, the inflation rate will be below 2%, which means the rate is close to that of gold. Secondly, the selling power from miners is also halved. While as cryptocurrency and blockchain become more popular, more people may be more likely to own BTC.
From the perspective of the market, BTC has become a hedging asset against risks since there are not many global assets that have a good story as well as good liquidity. There are two main factors influencing the price of BTC: namely the manufacturer of mining machines and the Wall Street. As long as selling mining machines is still making a profit while the global economy is still thriving decently, the value of BTC will maintain its level. So I think that the market will view the halving this time around in a more optimistic light.
BTC is rather out of sync with other blockchain projects because its financial nature far outstrips its technical nature. We can compare BTC to gold while other projects are more comparable to technology companies who focus on technological applications and innovations.
Another question is what halving signifies for our QuarkChain team. Since 2018, QuarkChain has been focused on inventing a faster and more convenient public chain. Since the launch of mainnet, our product has evolved to become a framework like Polkadot and Cosmos that enable launching a chain with one click and provide cross-chain framework consensus. During our Stanford 2020 meeting last week, we further proposed the idea of a “quark family” whereby one can adopt this sharding layer framework on public chains. If this concept is applied to consortium blockchain, then it becomes “quark-union.” Such framework can be applied in other scenarios and interoperate for other use cases and provide a plethora of choices for users, which is our target goal this year.
In the middle of the year, we will announce the next product developed specifically for this framework, which functions like Polkadot’s Substrate framework that allows developers to build products as parachains. Please follow us to learn more!
In general, I think this is really good news for the whole cryptocurrency world!

Q2: The Chinese market pays more attention to the consortium blockchain. Will this affect QuarkChain? Will the team consider joining the consortium blockchain?
One of our goals is to broadcast our QuarkChain technologies to more people around the world, and we are happy to see that not only can our technology be applied to the public chain space, but also to the consortium blockchain space!!
Secondly, it is also natural to extend the public chain technology to the consortium one, where Ethereum has EEA, and JP Morgan is also working on Quorum, which is the consortium version of geth.
With the Chinese government’s support of this domain, I think it is a very good opportunity for QuarkChain to participate in the market and meet the needs in the consortium blockchain space. We will soon announce the new products in the area soon!
Q3: The QuarkChain team attended the Stanford Blockchain Conference recently. Are there any differences between the direction of exploration in 2020 and in 2019? Did you find any new or interesting ideas?
A lot of interesting things happened during the Stanford Blockchain Conference. I also discussed with several people, including Vitalk and Professor David Tse about their works. We discussed some details about their proposal in the extreme case such as network partition and asked more details in how Lamport’s BFT algorithm’s relationship with his proposal.
First of all, I found there is a rapidly rising interest from academia to enter into the blockchain space, including professors from renowned universities such as Stanford, UIUC, and Cornell.
Secondly, I found more and more people are taking serious considerations into practical problems such as scalability and security. For example, Vitalik gave a talk about 51% attack and how to avoid that; people are working on both vertical and horizontal scalability. Of course, Facebook Libra also presented their blockchain.
We are watching these technologies closely and are looking forward to seeing its development, which will guide our future growth as well!
Q4: QKC held a meetup yesterday and you talked about what the future of blockchain looks like and topics related to business. Can you give us a brief summary about the discussion? How can QuarkChain be applied in the real world? Any use cases?
We delivered a speech titled “What The Future Blockchain Looks Like to Empower Business.” Looking back, the early days of blockchains were chasing after pure technical breakthroughs with little considerations for practical business needs. This is related to what we talked about also at the year-end review: after TPS, what else can blockchains propose?
One of the big trends that we see is that, typical major business applications rely on both consortium blockchain and public chains. Even for Facebook Libra, it starts with consortium blockchain and then will move onto public chains. From a business perspective, the space is looking for a more comprehensive solution that allows seamless communication between consortium blockchain and public chains altogether.
The Boson consensus is the paper we published during the world-class 2019 IEEE conference. It is the sharding infrastructure framework that we have been referring to since day 1, which is analogous to the Substrate framework from Polkadot. We have applied this framework to implement QuarkChain, as you are all familiar with it by now.
We are now applying the same framework onto consortium blockchain to allow different enterprises to define different chains based on their own business requirements and also create plug-ins to interact with other chains such as IBM Hyperledger, Ant Financial blockchain, WeBank, and so on.
With the great efforts of our BD team, we are working on some use cases with our important partners. One direction we believe is to speed up financial processing using blockchain in the enterprise space. For instance, with immunity and transparency, we could facilitate regulated financing and circulation of assets more easily. Imagine DeFi in consortium!
As I mentioned before, we are building the consortium version of QuarkChain, and actually, the first version of the product is almost ready and is under testing.
Q5: What does your roadmap for 2020 look like? Name some important milestones you hope to achieve. What are the major developments lined up for QuarkChain this quarter?
In 2020 H1, we plan to fully support our native token to enable DeFi composability. We would like to make the token more user-friendly as well.
Actually, ETH2.0 is targeting native tokens for a while, and we also have a long conversation with ETH. While ETH2.0 is still planning and designing the feature, our goal is to fully support ETH 2.0 in 2020 — probably the first blockchain that enables all these!
For the second half of the year, we are still looking into several areas, namely privacy, heterogenous chain, and new consensus mechanism. We also would like to learn from the community to see what the best idea may be.
Please check more details here:
https://ethresear.ch/t/cross-shard-defi-composability/6268/23
https://ethresear.ch/t/moving-eth-between-shards-the-problem-statement/6597
Q6: In the past years, we all said ZIL was your biggest competitor, but the fact is we did not see too many updates from them. So who is your current strongest competitor? How do you stand out from your competition?
Actually, in this growing new area, we learned tremendously from different projects in sharding, multi-chain area: ETH2.0, Polkadot, Cosmos, and ZIL.
And for us, our idea is quite simple — to achieve our goal with using all technologies from us and also from others. We also interacted with the blockchain communities actively so that we could jointly contribute to the blockchain space. This philosophy explains why we have an active presence in different projects such as ETH and Libra.
Our technology, the Boson consensus, is the key for us to differentiate from others. Even better, the Boson consensus is designed to be flexible, and thus is able to incorporate a lot of novel ideas! To my knowledge, this flexibility can hardly be found for other blockchains. Unless other projects decide to follow us someday, I think we should have plenty of space to stand out!
Q7: What are your future plans for the developer community?
We just started our bounty program for supporting native token auction — an important part for multi-native token support. This means many dApps on ETH can be rewritten and enjoy the benefits of the multi-native tokens, and we will have demos and programs to educate the public.
Q8: QKC technology is at the forefront of the industry. What are its strategies in market expansion? How are you planning to take over more market share in 2020?
We need to acknowledge that the speculation is widespread across the entire market, similar to what was observed during the early days of the stock market. As we can see now, the era of speculation and fast money is fading away. What we observed in the US stock market for the last decade is that the out-performers are no mere speculation but outstanding technology companies who keep innovating themselves. To adapt to this shift of culture, we now align the overall marketing strategy to branding.
What this signifies is that besides telling people the acronym of QuarkChain, we should let other people know more about the details of QuarkChain and the recent updates of our team.
What we will do in the future is to share more quality in-depth contents which vary in format but are easily readable. We would like to intrigue more people by experimenting with different forms of data visualization. We also want to step onto different school campuses for technical sharing sessions and have first-hand engagement for technology enthusiasts and gain their recognition. From there, we will then carry out more public advertisements. Because of the outbreak of virus, we will develop more online activities to enable more people to participate free of physical constraints.
Q9: Why do we see less interactions from the team recently? How are the team members faring? Can you work on developing the Chinese community in 2020?
Someone messaged me offline wondering why I appeared in the group less often recently. I actually am still with QuarkChain and have been working on various projects in great depth. For example, I was lecturing MBA classes and summarized how blockchain can step out from its current bottlenecks.
Some also discovered that they were no longer able to private chat with me. As I have explained before, such a decision was made on the basis of freeing up more of my time from customer services to allow more creative thinking and R&D. I have been paying close attention to the discussion and suggestions within the group chat. I am also in consultation with Yufeng and Daisy for the latest news within the group chat as well. Our team is doing well with more technologies underway. We are landing more business applications and are shifting our marketing focus from operations to branding. We will continue to update our latest developments so stay tuned!
About the community, we aim not just to grow only the Chinese one but around the world. You may understand the idea of developing a community in a different sense than I do. As I might have mentioned before, for the past two years, blockchain was highly speculative and some projects only wished to boost the number of followers with little maintenance of the community. Since the days of speculation are gone, developing a community is no longer just counting heads but providing contents of added values and spreading the awareness of these quality contents to more people. This is also why I appeared less in the chat but have published more in-depth articles over the past few months.
Q10: What are the latest updates in terms of business developments? Who are some of your latest business partners?
Let me first talk about the potential effects of the COVID-19 outbreak. Its ramification is of global scale; interestingly, it has an accelerating effect for blockchains since people came to realize that after thrifting on big data and large-scale IT systems, these white elephants did little to present timely, effective, and accurate data. Such inefficiencies have created tremendous challenges for public administration and blockchain is the perfect solution to fill this vacuum.
When it comes to commercialization, as an early entrant, we are happy to share some initial progress with our supporters.
Firstly, related to government affairs, we have business use cases for large business enterprises and governments regarding data management, public governance, and public services.
Secondly, targeting this outbreak, we have proposed a comprehensive 2G solution using blockchain and are in close communications with the government.
Lastly, in terms of management of public assets and finance, we have made some significant attempts to manage assets that were previously overlooked and were unable for financing. Our approach may be used to create financial products for circulation.
Let me give you a concrete example in factory monitoring. During production, with the automated and trustless production of data, the discharge data from the factory will become more reliable. Environment department can then use discharge data collected from automatic devices with little worry that factories have tampered with the data for the sake of avoiding penalties.

FYI

Thanks for reading this summary. QuarkChain always appreciates your support and company.
Website
https://www.quarkchain.io
Telegram
https://t.me/quarkchainio
Twitter
https://twitter.com/Quark_Chain
Medium
https://medium.com/quarkchain-official
Reddit
https://www.reddit.com/quarkchainio/
Facebook
https://www.facebook.com/quarkchainofficial/
Discord
https://discord.me/quarkchain
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REVIEW OF SUPER SERO PROTOCOL

Hello and welcome to yet another super and intriguing edition of my blog. On today's publication, I have researched, reviewed and analysed The Sero Protocol. Remember that my reviews may not be a financial advice as I always urge my followers to still DYOR on my project researches. But trust me, my reviews have never failed. Here is a look into Sero Protocol!
Data leak has proved to be one of the biggest falls since the advent of the internet. Certain big players have fallen to this menace and raised serious trust issues on the part of their users on them. Of all problems that worry users, the biggest fear is the leak of their information over the internet. Early last year, Facebook was indicted for the harvest of user data for the US elections. This caused a massive problem for them on the part of the United States government. This problem however was nothing compared with the public backlash, which led to many deactivating their accounts. This goes to show the great importance users attach to their private information. The absence of adequate user information protection systems remains the problem to solve. The tiny of security flaw in the bitcoin block chain system raises serious concerns for both users and key players in the digital currency ecosystem. This has led to the formation of a foremost privacy centered block chain of which industry players can produce on the platform their own encoded digital currencies. The SERO block chain system leverages on Turing privacy system to give a 100% privacy to user data, with its cutting-edge NZIK algorithm. Interestingly, point to point transactions between users are ensured to be thoroughly protected To further drive in its core aim of security and data protection, Sero introduces several features to its service delivery. PLATFORM DESIGN Per design, Sero introduces several key offerings: 1. Transactions on other conventional block chain systems can be traced, however this is impossible with the Sero system. Transactions cannot be traced. 2. With the on boarding of the Sero encryption system, user transaction addresses cannot be linked to users, thus a positive thrust from convention al block chain systems. 3. Control is handed users peradventure they need run transaction audits. They can get their own external audits done on the platform. Sectoral solutions brought on by Sero: 1. Often, hospital patients bother about privacy with health workers as regards medical records. Sero solves this problem and all players in this industry can only use patient data with full permission. 2. Sero intends to create a favorable environment for auctions, it provides a completely benign and autonomous bidding environment. 3. As a function of fact, Sero is not just all business, it ensures for a technical resolution for a multi-token system which produces and circulates homomorphic smart contracts, with added contract confidentiality for the accounts. Sero goes a step further providing the Sero token. This token will become the carrier of transaction costs on the ecosystem. will be used for the following incentive purposes: • Book keeping rewards; • Computational input • Additional parts include active rewards for algorithm providers (through distributing smart contracts) • In SE-Random consensus, ownership of SERO's token might influence key parts scenarios (such as random selection of initial seed nodes); • Developers of SERO ecology will get token rewards from SERO based on the actual value of the development and application. #Bounty #SERO #Privacy #Blockchain
Website https://sero.cash/ WhitePaper https://sero.cash/en/uploadfile/upload/2019052010565112.pdf ANN https://bitcointalk.org/index.php?topic=5090910 . PitchDeck https://sero.cash/en/uploadfile/SERO_PitchDeck_EN.pdf Sero Wallet https://sero.cash/en/#wallet Explorer Block https://explorer.web.sero.cash/ Miner Tool https: // github.com/sero-cash/cminer Telegram https://t.me/SeroOfficial Twitter https://tube.com/SEROdotCASH Facebook https://www.facebook.com/SEROProtocol/ YouTube https://www.youtube .com / c / SEROdotCASH Reddithttps://www.reddit.com/SERO_Official/ Medium https://medium.com/@SERO.CASH Discord https://discordapp.com/invite/3AZVMRU GitHub https://github.com/sero- cash
Writer Username: Chika08
submitted by Chika08 to ICOAnalysis [link] [comments]

Best Quotes from "The Bitcoin Standard"

Best Quotes from Saifedean Ammous book "The Bitcoin Standard"
  1. "Bitcoin can be best understood as distributed software that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties"
  2. "While Bitcoin is a new invention of the digital age, the problems it purports to solve - namely, providing a form of money that is under the full command of its owner and likely to hold its value in the long run - are as old as human society itself"
  3. "People’s choices are subjective, and so there is no “right” and “wrong” choice of money. There are, however, consequences to choices"
  4. "I like to call this the easy money trap: anything used as a store of value will have its supply increased, and anything whose supply can be easily increased will destroy the wealth of those who used it as a store of value"
  5. "For something to assume a monetary role, it has to be costly to produce, otherwise the temptation to make money on the cheap will destroy the wealth of the savers, and destroy the incentive anyone has to save in this medium"
  6. "The monetary media that survived for longest are the ones that had very reliable mechanisms for restricting their supply growth - in other words, hard money"
  7. "The choice of what makes the best money has always been determined by the technological realities of societies shaping the salability of different goods"
  8. "Human civilization flourished in times and places where sound money was widely adopted, while unsound money all too frequently coincided with civilizational decline and societal collapse"
  9. "Whether in Rome, Constantinople, Florence, or Venice, history shows that a sound monetary standard is a necessary prerequisite for human flourishing, without which society stands on the precipice of barbarism and destruction"
  10. "History shows it is not possible to insulate yourself from the consequences of others holding money that is harder than yours"
  11. "Some of the most important technological, medical, economic, and artistic human achievements were invented during the era of the gold standard, which partly explains why it was known as la Belle Epoque, or the beautiful era, across Europe"
  12. "World War I saw the end of the era of monetary media being the choice decided by the free market, and the beginning of the era of government money"
  13. "Government money is similar to primitive forms of money and commodities other than gold: it is liable to having its supply increased quickly compared to its stock, leading to a quick loss of salability, destruction of purchasing power, and impoverishment of its holders"
  14. "With the simple suspension of gold redeemability, governments’ war efforts were no longer limited to the money that they had in their own treasuries, but extended virtually to the entire wealth of the population"
  15. "Had European nations remained on the gold standard, or had the people of Europe held their own gold in their own hands […], history might have been different. It is likely that WorldWar I would have been settled militarily within a few months of conflict"
  16. "The cause of the Great Crash of 1929 was the diversion away from the gold standard in the post-WWI years, and the deepening of the Depression was caused by government control and socialization of the economy in the Hoover and FDR years"
  17. "All spending is spending, in the naive economics of Keynesians, and so it matters not if that spending comes from individuals feeding their families or governments murdering foreigners: it all counts in aggregate demand and it all reduces unemployment!"
  18. "In essence, Bretton Woods attempted to achieve through central planning what the international gold standard of the nineteenth century had achieved spontaneously"
  19. "Hyperinflation is a form of economic disaster unique to government money. There was never an example of hyperinflation with economies that operated a gold or silver standard"
  20. "With government money, whose cost of production tends to zero, it has become quite possible for an entire society to witness all of its savings in the form of money disappear in the space of a few months or even weeks"
  21. "Hyperinflation is a far more pernicious phenomenon than just the loss of a lot of economic value by a lot of people; it constitutes a complete breakdown of the structure of economic production of a society built up over centuries and millennia"
  22. "Even if the textbooks were correct about the benefits of government management of the money supply, the damage from one episode of hyperinflation anywhere in the world far outweighs them"
  23. "Hanke and Bushnell have been able to verify 57 episodes of hyperinflation in history, only one of which occurred before the era of monetary nationalism, and that was the inflation in France in 1795, in the wake of the Mississippi Bubble"
  24. “The constantly increasing supply means a continuous devaluation of thecurrency, expropriating the wealth of the holders to benefit those who printthe currency, and those who receive it earliest. This is termed the CantillonEffect”
  25. “Whether it’s because of downright graft, “national emergency,” or an infestation of inflationist schools of economics, government will always find a reason and a way to print more money, expanding government power while reducing the wealth of the currency holders”
  26. “It is ironic, and very telling, that in the era of government money, governments themselves own far more gold in their official reserves than they did under the international gold standard of 1871–1914”
  27. “A sound money makes service valuable to others the only avenue open for prosperity to anyone, thus concentrating society’s efforts on production, cooperation, capital accumulation, and trade”
  28. “The twentieth century was the century of unsound money and the omnipotent state, as a market choice in money was denied by government diktat, and government-issued paper money was forced on people with the threat of violence”
  29. “Sound money is an essential requirement for individual freedom from despotism and repression, as the ability of a coercive state to create money can give it undue power over its subjects, power which by its very nature will attract the least worthy, and most immoral”
  30. “Sound money is a prime factor in determining individual time preference, an enormously important and widely neglected aspect of individual decision making. Time preference refers to the ratio at which individuals value thepresent compared to the future”
  31. “Economist Hans-Hermann Hoppe explains that once time preference drops enough to allow for any savings and capital or durable consumer-goodsformation at all, the tendency is for time preference to drop even further as a“process of civilization” is initiated”
  32. “Microeconomics has focused on transactions between individuals, and macroeconomics on the role of government in the economy ; [...] the most important economic decisions to any individual’s well-being are the ones they conduct in their trade-offs with their future self”
  33. “The better the money is at holding its value, the more it incentivizes people to delay consumption and instead dedicate resources for production in the future, leading to capital accumulation and improvement of living standards”
  34. “The move from money that holds its value or appreciates to money that loses its value is very significant in the long run: society saves less, accumulates less capital, and possibly begins to consume its capital”
  35. “Civilizations prosper under a sound monetary system, but disintegrate when their monetary systems are debased, as was the case with the Romans, the Byzantines, and modern European societies”
  36. “What matters in money is its purchasing power, not its quantity, and as such, any quantity of money is enough to fulfil the monetary functions, as long as it is divisible and groupable enough to satisfy holders’ transaction and storage needs”
  37. “The best form of money in history was the one that would cause the new supply of money to be the least significant compared to the existing stockpiles, and thus make its creation not a good source of profit”
  38. “Had government money been a superior unit of account and store of value, it would not need government legal tender laws to enforce it, nor would governments worldwide have had to confiscate large quantities of gold and continue to hold them in their central bank reserves”
  39. “The fact that central banks continue to hold onto their gold, and have even started increasing their reserves, testifies to the confidence they have in their own currencies in the long term”
  40. “Sound money is money that gains in value slightly over time, meaning that holding onto it is likely to offer an increase in purchasing power”
  41. “Unsound money, being controlled by central banks whose express mission is to keep inflation positive, will offer little incentive for holders to keep it”
  42. “With unsound money, only returns that are higher than the rate of depreciation of the currency will be positive in real terms, creating incentives for high-return but high-risk investment and spending”
  43. “Savings rates have been declining across the developed countries, dropping to very low levels, while personal, municipal, and national debts have increased to levels which would have seemed unimaginable in the past”
  44. “One of the most mendacious fantasies that pervades Keynesian economic thought is the idea that the national debt “does not matter, since we owe it to ourselves”
  45. “Only a high-time-preference disciple of Keynes could fail to understand that this “ourselves” is not one homogeneous blob but is differentiated into several generations -namely, the current ones which consume recklessly at the expense of future ones”
  46. “The twentieth century’s binge on conspicuous consumption cannot be understood separately from the destruction of sound money and the outbreak of Keynesian high-time-preference thinking, in vilifying savings and deifying consumption as the key to economic prosperity”
  47. “It is an ironic sign of the depth of modern-day economic ignorance fomented by Keynesian economics that capitalism - an economic system based on capital accumulation from saving - is blamed for unleashing conspicuous consumption - theexact opposite of capital accumulation”
  48. “Capitalism is what happens when people drop their time preference, defer immediate gratification, and invest in the future. Debt-fueled mass consumption is as much a normal part of capitalism as asphyxiation is a normal part of respiration”
  49. “The only cause of economic growth in the first place is delayed gratification, saving, and investment, which extend the length of the production cycle and increase the productivity of the methods of production, leading to better standards of living”
  50. “This move from sound money to depreciating money has led to several generations of accumulated wealth being squandered on conspicuous consumption within a generation or two, making indebtedness the new method for funding major expenses”
  51. “As H. L. Mencken put it: “Every election is an advanced auction on stolen goods””
  52. “As politicians sell people the lie that eternal welfare and retirement benefits are possible through the magic of the monetary printing press, the investment in a family becomes less and less valuable”53.“The majority of the technology we use in our modern life was invented in the 19th century, under the gold standard, financed with the ever-growing stock of capital accumulated by savers storing their wealth in a sound money and store of value which did not depreciate quickly”
  53. “The contributions of sound money to human flourishing are not restricted to scientific and technological advance; they can also be vividly seen in the art world”
  54. “In times of sound money and low time preference, artists worked on perfecting their craft so they could produce valuable works in the long run”56.“Modern artists have replaced craft and long hours of practice with pretentiousness, shock value, indignation, and existential angst as ways to cow audiences into appreciating their art, and often added some pretense to political ideals, usually of the puerile Marxist variety”
  55. “As government money has replaced sound money, patrons with low time preference and refined tastes have been replaced by government bureaucrats with political agendas as crude as their artistic taste”
  56. “The Use of Knowledge in Society, by Friedrich #Hayek, is arguably one of the most important economic papers to have ever been written”
  57. “In a free market economic system, prices are knowledge, and the signals that communicate information”
  58. “Prices are not simply a tool to allow capitalists to profit; they are the information system of economic production, communicating knowledge across the world and coordinating the complex processes of production”
  59. “Any economic system that tries to dispense with prices will cause the complete breakdown of economic activity and bring a human society back to a primitive state”
  60. “The fatal flaw of socialism that #Mises exposed was that without a price mechanism emerging on a free market, socialism would fail at economic calculation, most crucially in the allocation of capital goods”
  61. “In an economy with a central bank and fractional reserve banking, the supply of loanable funds is directed by a committee of economists under the influence of politicians, bankers, TV pundits, and sometimes, most spectacularly, military generals”
  62. “Creating new pieces of paper and digital entries to paper over the deficiency in savings does not magically increase society’s physical capital stock; it only devalues the existing money supply and distorts prices”
  63. “Only with an understanding of the capital structure and how interest rate manipulation destroys the incentive for capital accumulation can one understand the causes of recessions and the swings of the business cycle”
  64. “The business cycle is the natural result of the manipulation of the interest rate distorting the market for capital by making investors imagine they can attain more capital than is available with the unsound money they have been given by the banks”
  65. “Contrary to Keynesian animist mythology, business cycles are not mystic phenomena caused by flagging “animal spirits” whose cause is to be ignored as central bankers seek to try to engineer recovery”
  66. “Economic logic clearly shows how recessions are the inevitable outcome of interest rate manipulation in the same way shortages are the inevitable outcome of price ceilings”
  67. “Monetary history testifies to how much more severe business cycles and recessions are when the money supply is manipulated than when it isn’t”
  68. “A capitalist system cannot function without a free market in capital, where the price of capital emerges through the interaction of supply and demand and the decisions of capitalists are driven by accurate price signals”
  69. “The central bank’s meddling in the capital market is the root of all recessions and all the crises which most politicians, journalists, academics, and leftist activists like to blame on capitalism”
  70. “Imagining that central banks can “prevent,” “combat,” or “manage” recessions is as fanciful and misguided as placing pyromaniacs and arsonists in charge of the fire brigade”
  71. “Central planning of credit markets must fail because it destroys markets’ mechanisms for price-discovery providing market participants with the accurate signals and incentives to manage their consumption and production”
  72. “It is typical of the #MiltonFriedman band of libertarianism in that it blames the government for an economic problem, but the flawed reasoning leads to suggesting even more government intervention as the solution”
  73. “Only when a central bank manipulates the money supply and interest rate does it become possible for large-scale failures across entire sectors of the economy to happen at the same time, causing waves of mass layoffs in entire industries”
  74. “In a free market for money, individuals would choose the currencies they want to use, and the result would be that they would choose the currency with the reliably lowest stock-to-flow ratio. This currency would oscillate the least with changes in demand and supply”
  75. “It is an astonishing fact of modern life that an entrepreneur in the year 1900 could make global economic plans and calculations all denominated in any international currency, with no thought whatsoever given to exchange rate fluctuations”
  76. “The combination of floating exchange rates and Keynesian ideology has given our world the entirely modern phenomenon of currency wars”
  77. “Hard money, by taking the question of supply out of the hands of governments and their economist-propagandists, would force everyone to be productive to society instead of seeking to get rich through the fool’s errand of monetary manipulation”
  78. “Under a sound monetary system, government had to function in a way that is unimaginable to generations reared on the twentieth-century news cycle: they had to be fiscally responsible”
  79. “For those of us alive today, raised on the propaganda of the omnipotent governments of the twentieth century, it is often hard to imagine a world in which individual freedom and responsibility supersede government authority”82“. The fundamental scam of modernity is the idea that government needs to manage the money supply. It is an unquestioned starting assumption of all mainstream economic schools of thought and political parties”
  80. “Having the ability to print money, literally and figuratively, increases the power of any government, and any government looks for anything that gives it more power”
  81. “By placing a hard cap on the total supply of bitcoins, Nakamoto was clearly unpersuaded by the arguments of the standard macroeconomics textbook and more influenced by the Austrian school, which argues that the quantity of money itself is irrelevant”
  82. “Societies with money of stable value generally develop a low time preference, learning to save and think of the future, while societies with high inflation and depreciating economies will develop high time preference as people lose track of the importance of saving”
  83. “With sound money, the government’s war effort was limited by the taxes it could collect. With unsound money, it is restrained by how much money it can create before the currency is destroyed, making it able to appropriate wealth far more easily”
  84. “Unsound money is a particularly dangerous tool in the hands of modern democratic governments facing constant reelection pressure. Modern voters are unlikely to favor the candidates who are upfront about the costs and benefits of their schemes”
  85. “Unsound money is at the heart of the modern delusion believed by most voters and those unfortunate enough to study modern macroeconomics at university level: that government actions have no opportunity costs”
  86. “It is no coincidence that when recounting the most horrific tyrants of history, one finds that every single one of them operated a system of government-issued money which was constantly inflated to finance government operation”
  87. “Unsound money makes government power potentially unlimited, with large consequences to every individual, forcing politics to the center stage of their life and redirecting much of society’s energy and resources to the zero-sum game of who gets to rule and how”
  88. “In the world of fiat money, having access to the central bank’s monetary spigots is more important than serving customers. Firms that can get low-interest-rate credit to operate will have a persistent advantage over competitors that cannot”
  89. “Banking has evolved into a business that generates returns without risks to bankers and simultaneously creates risks without returns for everyone else”
  90. “In a world where central banks allocate credit, the larger firm has an advantage in being able to secure funding at a low rate which its smaller competitors cannot get”
  91. “Bitcoin was the first engineering solution that allowed for digital payments without having to rely on a trusted third-party intermediary. By being the firstdigital object that is verifiably scarce, Bitcoin is the first example of digital cash”
  92. “Whereas in a modern central bank the new money created goes to finance lending and government spending, in Bitcoin the new money goes only to those who spend resources on updating the ledger”
  93. “Difficulty adjustment is the most reliable technology for making hard money and limiting the stock-to-flow ratio from rising, and it makes Bitcoin fundamentally different from every other money”
  94. “Bitcoin is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack”
  95. “The security of Bitcoin lies in the asymmetry between the cost of solving the proof-of-work necessary to commit a transaction to the ledger and the cost of verifying its validity”
  96. “The Bitcoin ledger of transactions might just be the only objective set of facts in the world”
  97. “Bitcoin is the first example of a digital good whose transfer stops it from being owned by the sender”
  98. “Bitcoin presents a tremendous technological leap forward in the monetary solution to the indirect exchange problem, perhaps as significant as the move from cattle and salt to gold and silver”
  99. “Without a conservative monetary policy and difficulty adjustment, Bitcoin would only have succeeded theoretically as digital cash, but remained too insecure to be used widely in practice”
  100. “Bitcoin’s volatility derives from the fact that its supply is utterly inflexible and not responsive to demand changes, because it is programmed to grow at a predetermined rate”
  101. “As the size of the market grows, along with the sophistication and the depth of the financial institutions dealing with Bitcoin, this volatility will likely decline”
  102. “As long as Bitcoin is growing, its token price will behave like that of a stock of a start-up achieving very fast growth. Should Bitcoin’s growth stop and stabilize, it would stop attracting high-risk investment flows, and become just a normal monetary asset”
  103. “Bitcoin is the cheapest way to buy the future, because Bitcoin is the only medium guaranteed to not be debased, no matter how much its value rises”
  104. “The strict digital scarcity of the Bitcoin tokens combines the best elements of physical monetary media, without any of the physical drawbacks to moving and transporting it. Bitcoin might have a claim to make for being the best technology for saving ever invented”
  105. “Any person who owns Bitcoin achieves a degree of economic freedom which was not possible before its invention”
  106. “For the first time since the emergence of the modern state, individuals have a clear technical solution to escaping the financial clout of the governments they live under”
  107. “Bitcoin, and cryptography in general, are defensive technologies that make the cost of defending property and information far lower than the cost of attacking them”
  108. “If BTC continues to grow to capture a larger share of the global wealth, it may force governments to become more and more a form of voluntary organization, which can only acquire its “taxes” voluntarily by offering its subjects services they would be willing to pay for”
  109. “Contrary to popular depictions of anarchists as hoodie-clad hoodlums, Bitcoin’s brand of anarchism is completely peaceful, providing individuals with the tools necessary for them to be free from government control and inflation”
  110. “The invention of Bitcoin has created, from the ground up, a new independent alternative mechanism for international settlement that does not rely on any intermediary and can operate entirely separate from the existing financial infrastructure”
  111. “Bitcoin can be seen as the new emerging reserve currency for online transactions, where the online equivalent of banks will issue Bitcoin-backed tokens to users while keeping their hoard of Bitcoins in cold storage”
  112. “Bitcoin’s advantage is that by bringing the finality of cash settlement to the digital world, it has created the fastest method for final settlement of large payments across long distances and national borders”
  113. “Bitcoin can be best understood to compete with settlement payments between central banks and large financial institutions, and it compares favorably to them due to its verifiable record, cryptographic security, and imperviousness to third-party security holes”
  114. “BTC, having no counterparty risk and no reliance on any third-party, is uniquely suited to play the same role that gold played in the gold standard"
  115. “If Bitcoin continues to grow in value and gets utilized by a growing number of financial institutions, it will become a reserve currency for a new form of central bank"
  116. “The first central bank to buy BTC will alert the rest of the central banks to the possibility and make many of them rush toward it. The first central bank purchase is likely to make the value of BTC rise significantly"
  117. “While central banks have mostly been dismissive of the importance of BTC, this could be a luxury they may not afford for long. As hard as it might be for central bankers to believe it, BTC is a direct competitor to their line ofbusiness”
  118. “The modern central bank business model is being disrupted. Central banks now have no way of stopping competition by just passing laws as they have always done. They are now up against a digital competitor that most likely cannot be brought under the physical world’s laws”
  119. “If the modern world is ancient Rome, suffering the economic consequences of monetary collapse, with the dollar our aureus, then Satoshi Nakamoto is our Constantine, Bitcoin is his solidus, and the Internet is our Constantinople”
  120. “Should it achieve some sort of stability in value, Bitcoin would be superior to using national currencies for global payment settlements, as is the case today, because national currencies fluctuate in value based on each nation’s and government’s conditions”
  121. “Bitcoin is the only truly decentralized digital currency which has grown spontaneously as a finely balanced equilibrium between miners, coders, and users, none of whom can control it”
  122. “After years of watching altcoins get created, it seems impossible that any coin will recreate the adversarial standoff that exists between Bitcoin stakeholders and prevents any party from controlling payments in it”
  123. “It is high time for everyone involved in BTC to stop concerning themselves with the question of the identity of Nakamoto, and accept that it does not matter to the operation of the technology, in the same way that the identity of the inventor of the wheel no longer matters”
  124. “No single altcoin has demonstrated anything near Bitcoin’s impressive resilience to change, which is down to its truly decentralized nature and the strong incentives for everyone to abide by the status quo consensus rules”
  125. “Contrary to a lot of the hype surrounding Bitcoin, eliminating the need for trust in third parties is not an unquestionably good thing to do in all avenues of business and life”
  126. “A non-Bitcoin blockchain combines the worst of both worlds: the cumbersome structure of the blockchain with the cost and security risk of trusted third parties”
  127. "“It is no wonder that eight years after its invention, blockchain technology has not yet managed to break through in a successful, ready-for-market commercial application other than the one for which it was specifically designed: Bitcoin”
  128. “The most common potential applications touted for blockchain technology - payments, contracts, and asset registry - are only workable to the extent that they run using the decentralized currency of the blockchain”
  129. “All blockchains without currencies have not moved from the prototype stage to commercial implementation because they cannot compete with current best practice in their markets”
  130. “Any application of #blockchain technology will only make commercial sense if its operation is reliant on the use of electronic cash, and only if electronic cash’s disintermediation provides economic benefits outweighing the use of regular currencies and payment channels”
submitted by shibley to Bitcoin [link] [comments]

Crypto News Recap: Cryptocurrencies are mixed as prominent crypto analyst Tom Lee says Ethereum has bottomed out and is set for a trend reversal

Crypto News

Sources:
https://cointelegraph.com/news/tom-lee-ethereum-will-rally-strongly-up-to-1-900-by-the-end-of-2019 https://www.newsbtc.com/2018/09/28/prominent-analyst-ethereum-to-undergo-major-trend-reversal-1900-likely/ https://www.ccn.com/one-of-the-first-bitcoin-miners-is-quietly-cashing-out-blockchain-researche https://www.ccn.com/austria-turns-to-public-ethereum-blockchain-for-e1-15-billion-bond-auction/ https://www.coindesk.com/chinese-arbitrator-builds-online-ruling-system-on-a-blockchain/ https://www.coindesk.com/sec-cftc-charge-bitcoin-futures-firm-1broker-with-securities-law-violations/ https://bitcoinist.com/china-buy-bitcoin-ico-ban-bypass/ https://cointelegraph.com/news/us-sec-files-charges-against-bitcoin-backed-securities-dealer https://www.ccn.com/worlds-first-blockchain-identity-laboratory-launched-in-scotland/ https://www.coindesk.com/sierra-leone-to-develop-blockchain-based-identity-platform-with-un-partnership/ https://cointelegraph.com/news/swiss-based-asset-management-firm-to-introduce-metals-backed-cryptocurrency https://cointelegraph.com/news/coinbase-introduces-coinbase-bundle-designed-to-simplify-crypto-trading https://bitcoinist.com/coinbase-rolls-out-25-cryptocurrency-bundle/ https://www.coindesk.com/indian-crypto-exchange-zebpay-abruptly-halts-trading-over-banking-ban/ https://www.ccn.com/major-indian-bitcoin-exchange-zebpay-shuts-down/
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

There's been a lot of talk lately of Blockstream trying to change the Core protocol in way that might alter the incentives that make Bitcoin Core antifragile. There is a solution: Don't be so quick to upgrade.

We've all looked forward to getting that new shiny upgrade of our operating systems or video games, etc.; however, this is not necessarily the right mentality for a decentralized system.
If we jump onto every update by the Core developers, then we've centralized the way Bitcoin works into the hands of those very developers, transforming them into the cabal that pulls the strings… and possibly for personal profit to the detriment of others
Part of keeping a system decentralized is to be wary of centralized decision making. Be wary of the ones who pull the strings. If what you have works right now, then don't bother upgrading.
submitted by bettercoin to Bitcoin [link] [comments]

Here are some of my favorite quotes from Saifedean Ammous book "The Bitcoin Standard":

"Bitcoin can be best understood as distributed software that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties"
"While Bitcoin is a new invention of the digital age, the problems it purports to solve - namely, providing a form of money that is under the full command of its owner and likely to hold its value in the long run - are as old as human society itself"
"People’s choices are subjective, and so there is no “right” and “wrong” choice of money. There are, however, consequences to choices"
"I like to call this the easy money trap: anything used as a store of value will have its supply increased, and anything whose supply can be easily increased will destroy the wealth of those who used it as a store of value"
"For something to assume a monetary role, it has to be costly to produce, otherwise the temptation to make money on the cheap will destroy the wealth of the savers, and destroy the incentive anyone has to save in this medium"
"The monetary media that survived for longest are the ones that had very reliable mechanisms for restricting their supply growth - in other words, hard money"
"The choice of what makes the best money has always been determined by the technological realities of societies shaping the salability of different goods"
"Human civilization flourished in times and places where sound money was widely adopted, while unsound money all too frequently coincided with civilizational decline and societal collapse"
"Whether in Rome, Constantinople, Florence, or Venice, history shows that a sound monetary standard is a necessary prerequisite for human flourishing, without which society stands on the precipice of barbarism and destruction"
"History shows it is not possible to insulate yourself from the consequences of others holding money that is harder than yours"
"Some of the most important technological, medical, economic, and artistic human achievements were invented during the era of the gold standard, which partly explains why it was known as la Belle Epoque, or the beautiful era, across Europe"
"World War I saw the end of the era of monetary media being the choice decided by the free market, and the beginning of the era of government money"
"Government money is similar to primitive forms of money and commodities other than gold: it is liable to having its supply increased quickly compared to its stock, leading to a quick loss of salability, destruction of purchasing power, and impoverishment of its holders"
"With the simple suspension of gold redeemability, governments’ war efforts were no longer limited to the money that they had in their own treasuries, but extended virtually to the entire wealth of the population"
"Had European nations remained on the gold standard, or had the people of Europe held their own gold in their own hands […], history might have been different. It is likely that WorldWar I would have been settled militarily within a few months of conflict"
"The cause of the Great Crash of 1929 was the diversion away from the gold standard in the post-WWI years, and the deepening of the Depression was caused by government control and socialization of the economy in the Hoover and FDR years"
"All spending is spending, in the naive economics of Keynesians, and so it matters not if that spending comes from individuals feeding their families or governments murdering foreigners: it all counts in aggregate demand and it all reduces unemployment!"
"In essence, Bretton Woods attempted to achieve through central planning what the international gold standard of the nineteenth century had achieved spontaneously"
"Hyperinflation is a form of economic disaster unique to government money. There was never an example of hyperinflation with economies that operated a gold or silver standard"
"With government money, whose cost of production tends to zero, it has become quite possible for an entire society to witness all of its savings in the form of money disappear in the space of a few months or even weeks"
"Hyperinflation is a far more pernicious phenomenon than just the loss of a lot of economic value by a lot of people; it constitutes a complete breakdown of the structure of economic production of a society built up over centuries and millennia"
"Even if the textbooks were correct about the benefits of government management of the money supply, the damage from one episode of hyperinflation anywhere in the world far outweighs them"
"Hanke and Bushnell have been able to verify 57 episodes of hyperinflation in history, only one of which occurred before the era of monetary nationalism, and that was the inflation in France in 1795, in the wake of the Mississippi Bubble"
“The constantly increasing supply means a continuous devaluation of the
currency, expropriating the wealth of the holders to benefit those who print
the currency, and those who receive it earliest. This is termed the Cantillon
Effect”
“Whether it’s because of downright graft, “national emergency,” or an infestation of inflationist schools of economics, government will always find a reason and a way to print more money, expanding government power while reducing the wealth of the currency holders”
“It is ironic, and very telling, that in the era of government money, governments themselves own far more gold in their official reserves than they did under the international gold standard of 1871–1914”
“A sound money makes service valuable to others the only avenue open for prosperity to anyone, thus concentrating society’s efforts on production, cooperation, capital accumulation, and trade”
“The twentieth century was the century of unsound money and the omnipotent state, as a market choice in money was denied by government diktat, and government-issued paper money was forced on people with the threat of violence”
“Sound money is an essential requirement for individual freedom from despotism and repression, as the ability of a coercive state to create money can give it undue power over its subjects, power which by its very nature will attract the least worthy, and most immoral”
“Sound money is a prime factor in determining individual time preference, an enormously important and widely neglected aspect of individual decision making. Time preference refers to the ratio at which individuals value the
present compared to the future”
“Economist Hans-Hermann Hoppe explains that once time preference drops enough to allow for any savings and capital or durable consumer-goods
formation at all, the tendency is for time preference to drop even further as a
“process of civilization” is initiated”
“Microeconomics has focused on transactions between individuals, and macroeconomics on the role of government in the economy ; [...] the most important economic decisions to any individual’s well-being are the ones they conduct in their trade-offs with their future self”
“The better the money is at holding its value, the more it incentivizes people to delay consumption and instead dedicate resources for production in the future, leading to capital accumulation and improvement of living standards”
“The move from money that holds its value or appreciates to money that loses its value is very significant in the long run: society saves less, accumulates less capital, and possibly begins to consume its capital”
“Civilizations prosper under a sound monetary system, but disintegrate when their monetary systems are debased, as was the case with the Romans, the Byzantines, and modern European societies”
“What matters in money is its purchasing power, not its quantity, and as such, any quantity of money is enough to fulfil the monetary functions, as long as it is divisible and groupable enough to satisfy holders’ transaction and storage needs”
“The best form of money in history was the one that would cause the new supply of money to be the least significant compared to the existing stockpiles, and thus make its creation not a good source of profit”
“Had government money been a superior unit of account and store of value, it would not need government legal tender laws to enforce it, nor would governments worldwide have had to confiscate large quantities of gold and continue to hold them in their central bank reserves”
“The fact that central banks continue to hold onto their gold, and have even started increasing their reserves, testifies to the confidence they have in their own currencies in the long term”
“Sound money is money that gains in value slightly over time, meaning that holding onto it is likely to offer an increase in purchasing power”
“Unsound money, being controlled by central banks whose express mission is to keep inflation positive, will offer little incentive for holders to keep it”
“With unsound money, only returns that are higher than the rate of depreciation of the currency will be positive in real terms, creating incentives for high-return but high-risk investment and spending”
“Savings rates have been declining across the developed countries, dropping to very low levels, while personal, municipal, and national debts have increased to levels which would have seemed unimaginable in the past”
“One of the most mendacious fantasies that pervades Keynesian economic thought is the idea that the national debt “does not matter, since we owe it to ourselves”
“Only a high-time-preference disciple of Keynes could fail to understand that this “ourselves” is not one homogeneous blob but is differentiated into several generations -namely, the current ones which consume recklessly at the expense of future ones”
“The twentieth century’s binge on conspicuous consumption cannot be understood separately from the destruction of sound money and the outbreak of Keynesian high-time-preference thinking, in vilifying savings and deifying consumption as the key to economic prosperity”
“It is an ironic sign of the depth of modern-day economic ignorance fomented by Keynesian economics that capitalism - an economic system based on capital accumulation from saving - is blamed for unleashing conspicuous consumption - the
exact opposite of capital accumulation”
“Capitalism is what happens when people drop their time preference, defer immediate gratification, and invest in the future. Debt-fueled mass consumption is as much a normal part of capitalism as asphyxiation is a normal part of respiration”
“The only cause of economic growth in the first place is delayed gratification, saving, and investment, which extend the length of the production cycle and increase the productivity of the methods of production, leading to better standards of living”
“This move from sound money to depreciating money has led to several generations of accumulated wealth being squandered on conspicuous consumption within a generation or two, making indebtedness the new method for funding major expenses”
“As H. L. Mencken put it: “Every election is an advanced auction on stolen goods””
“As politicians sell people the lie that eternal welfare and retirement benefits are possible through the magic of the monetary printing press, the investment in a family becomes less and less valuable”
53.“The majority of the technology we use in our modern life was invented in the 19th century, under the gold standard, financed with the ever-growing stock of capital accumulated by savers storing their wealth in a sound money and store of value which did not depreciate quickly”
“The contributions of sound money to human flourishing are not restricted to scientific and technological advance; they can also be vividly seen in the art world”
“In times of sound money and low time preference, artists worked on perfecting their craft so they could produce valuable works in the long run”
56.“Modern artists have replaced craft and long hours of practice with pretentiousness, shock value, indignation, and existential angst as ways to cow audiences into appreciating their art, and often added some pretense to political ideals, usually of the puerile Marxist variety”
“As government money has replaced sound money, patrons with low time preference and refined tastes have been replaced by government bureaucrats with political agendas as crude as their artistic taste”
“The Use of Knowledge in Society, by Friedrich #Hayek, is arguably one of the most important economic papers to have ever been written”
“In a free market economic system, prices are knowledge, and the signals that communicate information”
“Prices are not simply a tool to allow capitalists to profit; they are the information system of economic production, communicating knowledge across the world and coordinating the complex processes of production”
“Any economic system that tries to dispense with prices will cause the complete breakdown of economic activity and bring a human society back to a primitive state”
“The fatal flaw of socialism that #Mises exposed was that without a price mechanism emerging on a free market, socialism would fail at economic calculation, most crucially in the allocation of capital goods”
“In an economy with a central bank and fractional reserve banking, the supply of loanable funds is directed by a committee of economists under the influence of politicians, bankers, TV pundits, and sometimes, most spectacularly, military generals”
“Creating new pieces of paper and digital entries to paper over the deficiency in savings does not magically increase society’s physical capital stock; it only devalues the existing money supply and distorts prices”
“Only with an understanding of the capital structure and how interest rate manipulation destroys the incentive for capital accumulation can one understand the causes of recessions and the swings of the business cycle”
“The business cycle is the natural result of the manipulation of the interest rate distorting the market for capital by making investors imagine they can attain more capital than is available with the unsound money they have been given by the banks”
“Contrary to Keynesian animist mythology, business cycles are not mystic phenomena caused by flagging “animal spirits” whose cause is to be ignored as central bankers seek to try to engineer recovery”
“Economic logic clearly shows how recessions are the inevitable outcome of interest rate manipulation in the same way shortages are the inevitable outcome of price ceilings”
“Monetary history testifies to how much more severe business cycles and recessions are when the money supply is manipulated than when it isn’t”
“A capitalist system cannot function without a free market in capital, where the price of capital emerges through the interaction of supply and demand and the decisions of capitalists are driven by accurate price signals”
“The central bank’s meddling in the capital market is the root of all recessions and all the crises which most politicians, journalists, academics, and leftist activists like to blame on capitalism”
“Imagining that central banks can “prevent,” “combat,” or “manage” recessions is as fanciful and misguided as placing pyromaniacs and arsonists in charge of the fire brigade”
“Central planning of credit markets must fail because it destroys markets’ mechanisms for price-discovery providing market participants with the accurate signals and incentives to manage their consumption and production”
“It is typical of the #MiltonFriedman band of libertarianism in that it blames the government for an economic problem, but the flawed reasoning leads to suggesting even more government intervention as the solution”
“Only when a central bank manipulates the money supply and interest rate does it become possible for large-scale failures across entire sectors of the economy to happen at the same time, causing waves of mass layoffs in entire industries”
“In a free market for money, individuals would choose the currencies they want to use, and the result would be that they would choose the currency with the reliably lowest stock-to-flow ratio. This currency would oscillate the least with changes in demand and supply”
“It is an astonishing fact of modern life that an entrepreneur in the year 1900 could make global economic plans and calculations all denominated in any international currency, with no thought whatsoever given to exchange rate fluctuations”
“The combination of floating exchange rates and Keynesian ideology has given our world the entirely modern phenomenon of currency wars”
“Hard money, by taking the question of supply out of the hands of governments and their economist-propagandists, would force everyone to be productive to society instead of seeking to get rich through the fool’s errand of monetary manipulation”
“Under a sound monetary system, government had to function in a way that is unimaginable to generations reared on the twentieth-century news cycle: they had to be fiscally responsible”
“For those of us alive today, raised on the propaganda of the omnipotent governments of the twentieth century, it is often hard to imagine a world in which individual freedom and responsibility supersede government authority”
82“. The fundamental scam of modernity is the idea that government needs to manage the money supply. It is an unquestioned starting assumption of all mainstream economic schools of thought and political parties”
“Having the ability to print money, literally and figuratively, increases the power of any government, and any government looks for anything that gives it more power”
“By placing a hard cap on the total supply of bitcoins, Nakamoto was clearly unpersuaded by the arguments of the standard macroeconomics textbook and more influenced by the Austrian school, which argues that the quantity of money itself is irrelevant”
“Societies with money of stable value generally develop a low time preference, learning to save and think of the future, while societies with high inflation and depreciating economies will develop high time preference as people lose track of the importance of saving”
“With sound money, the government’s war effort was limited by the taxes it could collect. With unsound money, it is restrained by how much money it can create before the currency is destroyed, making it able to appropriate wealth far more easily”
“Unsound money is a particularly dangerous tool in the hands of modern democratic governments facing constant reelection pressure. Modern voters are unlikely to favor the candidates who are upfront about the costs and benefits of their schèmes”
“Unsound money is at the heart of the modern delusion believed by most voters and those unfortunate enough to study modern macroeconomics at university level: that government actions have no opportunity costs”
“It is no coincidence that when recounting the most horrific tyrants of history, one finds that every single one of them operated a system of government-issued money which was constantly inflated to finance government operation”
“Unsound money makes government power potentially unlimited, with large consequences to every individual, forcing politics to the center stage of their life and redirecting much of society’s energy and resources to the zero-sum game of who gets to rule and how”
“In the world of fiat money, having access to the central bank’s monetary spigots is more important than serving customers. Firms that can get low-interest-rate credit to operate will have a persistent advantage over competitors that cannot”
“Banking has evolved into a business that generates returns without risks to bankers and simultaneously creates risks without returns for everyone else”
“In a world where central banks allocate credit, the larger firm has an advantage in being able to secure funding at a low rate which its smaller competitors cannot get”
“Bitcoin was the first engineering solution that allowed for digital payments without having to rely on a trusted third-party intermediary. By being the first
digital object that is verifiably scarce, Bitcoin is the first example of digital cash”
“Whereas in a modern central bank the new money created goes to finance lending and government spending, in Bitcoin the new money goes only to those who spend resources on updating the ledger”
“Difficulty adjustment is the most reliable technology for making hard money and limiting the stock-to-flow ratio from rising, and it makes Bitcoin fundamentally different from every other money”
“Bitcoin is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack”
“The security of Bitcoin lies in the asymmetry between the cost of solving the proof-of-work necessary to commit a transaction to the ledger and the cost of verifying its validity”
“The Bitcoin ledger of transactions might just be the only objective set of facts in the world”
“Bitcoin is the first example of a digital good whose transfer stops it from being owned by the sender”
“Bitcoin presents a tremendous technological leap forward in the monetary solution to the indirect exchange problem, perhaps as significant as the move from cattle and salt to gold and silver”
“Without a conservative monetary policy and difficulty adjustment, Bitcoin would only have succeeded theoretically as digital cash, but remained too insecure to be used widely in practice”
“Bitcoin’s volatility derives from the fact that its supply is utterly inflexible and not responsive to demand changes, because it is programmed to grow at a predetermined rate”
“As the size of the market grows, along with the sophistication and the depth of the financial institutions dealing with Bitcoin, this volatility will likely decline”
“As long as Bitcoin is growing, its token price will behave like that of a stock of a start-up achieving very fast growth. Should Bitcoin’s growth stop and stabilize, it would stop attracting high-risk investment flows, and become just a normal monetary asset”
“Bitcoin is the cheapest way to buy the future, because Bitcoin is the only medium guaranteed to not be debased, no matter how much its value rises”
“The strict digital scarcity of the Bitcoin tokens combines the best elements of physical monetary media, without any of the physical drawbacks to moving and transporting it. Bitcoin might have a claim to make for being the best technology for saving ever invented”
“Any person who owns Bitcoin achieves a degree of economic freedom which was not possible before its invention”
“For the first time since the emergence of the modern state, individuals have a clear technical solution to escaping the financial clout of the governments they live under”
“Bitcoin, and cryptography in general, are defensive technologies that make the cost of defending property and information far lower than the cost of attacking them”
“If BTC continues to grow to capture a larger share of the global wealth, it may force governments to become more and more a form of voluntary organization, which can only acquire its “taxes” voluntarily by offering its subjects services they would be willing to pay for”
“Contrary to popular depictions of anarchists as hoodie-clad hoodlums, Bitcoin’s brand of anarchism is completely peaceful, providing individuals with the tools necessary for them to be free from government control and inflation”
“The invention of Bitcoin has created, from the ground up, a new independent alternative mechanism for international settlement that does not rely on any intermediary and can operate entirely separate from the existing financial infrastructure”
“Bitcoin can be seen as the new emerging reserve currency for online transactions, where the online equivalent of banks will issue Bitcoin-backed tokens to users while keeping their hoard of Bitcoins in cold storage”
“Bitcoin’s advantage is that by bringing the finality of cash settlement to the digital world, it has created the fastest method for final settlement of large payments across long distances and national borders”
“Bitcoin can be best understood to compete with settlement payments between central banks and large financial institutions, and it compares favorably to them due to its verifiable record, cryptographic security, and imperviousness to third-party security holes”
“BTC, having no counterparty risk and no reliance on any third-party, is uniquely suited to play the same role that gold played in the gold standard"
“If Bitcoin continues to grow in value and gets utilized by a growing number of financial institutions, it will become a reserve currency for a new form of central bank"
“The first central bank to buy BTC will alert the rest of the central banks to the possibility and make many of them rush toward it. The first central bank purchase is likely to make the value of BTC rise significantly"
“While central banks have mostly been dismissive of the importance of BTC, this could be a luxury they may not afford for long. As hard as it might be for central bankers to believe it, BTC is a direct competitor to their line of
business”
“The modern central bank business model is being disrupted. Central banks now have no way of stopping competition by just passing laws as they have always done. They are now up against a digital competitor that most likely cannot be brought under the physical world’s laws”
“If the modern world is ancient Rome, suffering the economic consequences of monetary collapse, with the dollar our aureus, then Satoshi Nakamoto is our Constantine, Bitcoin is his solidus, and the Internet is our Constantinople”
“Should it achieve some sort of stability in value, Bitcoin would be superior to using national currencies for global payment settlements, as is the case today, because national currencies fluctuate in value based on each nation’s and government’s conditions”
“Bitcoin is the only truly decentralized digital currency which has grown spontaneously as a finely balanced equilibrium between miners, coders, and users, none of whom can control it”
“After years of watching altcoins get created, it seems impossible that any coin will recreate the adversarial standoff that exists between Bitcoin stakeholders and prevents any party from controlling payments in it”
“It is high time for everyone involved in BTC to stop concerning themselves with the question of the identity of Nakamoto, and accept that it does not matter to the operation of the technology, in the same way that the identity of the inventor of the wheel no longer matters”
“No single altcoin has demonstrated anything near Bitcoin’s impressive resilience to change, which is down to its truly decentralized nature and the strong incentives for everyone to abide by the status quo consensus rules”
“Contrary to a lot of the hype surrounding Bitcoin, eliminating the need for trust in third parties is not an unquestionably good thing to do in all avenues of business and life”
“A non-Bitcoin blockchain combines the worst of both worlds: the cumbersome structure of the blockchain with the cost and security risk of trusted third parties”
"“It is no wonder that eight years after its invention, blockchain technology has not yet managed to break through in a successful, ready-for-market commercial application other than the one for which it was specifically designed: Bitcoin”
“The most common potential applications touted for blockchain technology - payments, contracts, and asset registry - are only workable to the extent that they run using the decentralized currency of the blockchain”
“All blockchains without currencies have not moved from the prototype stage to commercial implementation because they cannot compete with current best practice in their markets”
“Any application of #blockchain technology will only make commercial sense if its operation is reliant on the use of electronic cash, and only if electronic cash’s disintermediation provides economic benefits outweighing the use of regular currencies and payment channels”
submitted by shibley to CryptoCurrencyTrading [link] [comments]

When US Entrepreneur Meets Chinese Crypto Group Chat

When US Entrepreneur Meets Chinese Crypto Group Chat
If you happened to read my previous post, you would know WeChat group chats plays a phenomenal role to connect the Chinese crypto circle. The night of July 12th, a unique interview took place in one of those WeChat groups. You may even say the first of its kind.
On the one end is my friend Matthew Roszak, co-founder and chairman of Bloq; on the other, there are 499 women--all of them blockchain entrepreneurs and journalists from different parts of China.
I worked as the host of the event. Questions were collected from all members in advance. During the next hour and half, we discussed with Matt his experience as an investor, his insights on the future of blockchain, and the launch of his latest project, Metronome.
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Here is the complete interview. I have tried to keep it as close to the chat history as possible, though minor tweaks were made for easier reading. Enjoy!
Matt: So cool to be here -- and talk about my favorite subject in the world :-)
Bianca: It is my favorite subject as well and glad to do this with one of my favorite people in this field.
Matt: I am so thrilled you asked me to be a part of this special chat -- ever since you produced that blockchain documentary, your star has been rising higher and higher -- congrats Bianca! I see so many amazing women entrepreneurs on this channel -- super impressive!
Bianca: Many incoming questions. We have selected a few. First of all: You’re an experienced blockchain investor. How did you start investing in cryptocurrency? By contrast, what’s your view on the future of Wall Street?
Matt: When I started out I was so inspired by bitcoin -- it was a true innovation, an invention (on the scale of a Nobel prize for Satoshi) and became a social movement.
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I initially invested in bitcoin, then invested in over 20 companies in the blockchain space -- bridges, roads and tunnels -- think wallets, exchanges, miners, payment processors, software layers, etc. -- that helped me create a mental roadmap on this space back in 2012/2013. More importantly, I met some of the most amazing entrepreneurs in this ecosystem -- folks like CZ at Binance, Ted at Xapo, Charlie at Litecoin, Bobby at BTCC and even my co-founder Jeff Garzik.
My co-founder Jeff is a rare bird -- he worked on the Linix kernel with Linus Torvalds (creator of Linux) -- and worked on the Bitcoin kernel with Satoshi -- these are two of the most important open source projects in history -- so grateful to have him on my team and as my dear friend…
I hosted dinners in every city I traveled to -- about 20-40 people -- that helped me build great relationships and guide my thesis in this space.
I thought Wall Street/institutional investors would have been in crypto more substantially by now -- there is very little institutional money in our space -- the infrastructure to accommodate them, namely custody platforms, is being built however not in the format nor risk tolerance they are comfortable with -- that will change and we will see a lot of money flowing in by the end of this year with 2019 being a breakout year for institutional adoption.
Bianca: You participated in the first ICOs. What are the lessons you learned from those experiences?
Matt: I originally was a bitcoin maximalist -- I was lucky to change that thinking as it would have made me miss other networks like Ethereum, Qtum EOS and many others -- this space is a movie, and not a static picture -- the innovation is rapidly developing and it creates unprecedented opportunities for entrepreneurs and investors.
Another key point is that I am an investor, and not a trader -- so I buy and hold for the most part -- and that discipline has served me well.
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Bianca: Compared to bitcoin or ETH, what are some innovations of Metronome?
Matt: From a tech standpoint, Metronome (MET) is an autonomous network -- meaning there is no author or founder influence or control on the code since its launch -- autonomous networks will be some of the most powerful and valuable networks in all of crypto -- they are also very hard to build as we saw first hand with the DAO, which broke ETH in half -- that project was way different, very complicated and poorly built, hence it's fate -- but getting autonomous networks right is in many ways a key part of this decentralized future we are all building and investing in.
The other key tech component is that MET is the world's first cross-chain crypto -- meaning MET is born on Ethereum but will be able to move to any other EVM (Ethereum Virtual Machine) -- think ETC, QTUM, RSK/BTC, etc. -- like a boxcar on a railroad that you can move to another track -- this creates a new dimension and relationship between the user and MET where you self govern where your MET resides -- we even called our whitepaper an Owner's Manual :-)
I do not think people will be moving their MET around from track to track, but from a longevity and durability standpoint -- it has staying power even if ETH or any other underlying rail goes away in the future (as you can move it).
So we created MET as an expression of many years of watching the crypto space and believed there was room for more innovation.
The other thing that I am proud of is that the proceeds from the auction didn't go to a foundation or a company, they went into code (a smart contract) -- and all that smart contract does is provide liquidity and price support to the MET community through a decentralized exchanger -- all engineered for the benefit of the MET users/community.
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Bianca: Talking about the auction, Metronome used the descending price model during Initial Supply. Did you observe a lower auction price (for instance, due to buyers using bots to do last-minute biddings), thus bringing fewer funds to the pool than you had expected?
Matt: The auction raised about $12MM USD in proceeds during the most difficult week in crypto in 7 months -- we are very proud of the fact that the network launched, the system works, and there were no security issues -- the future is incredibly bright for Metronome!
Most other projects raise money and launch several years out -- MET was made alive at launch! -- again, very difficult to build and create these systems -- I am so proud of the team!
Bianca: What are the differences between working at private equity and crypto investment? How do you normally evaluate a blockchain project?
Matt: OMG sooooo different -- private equity (and even traditional venture) and crypto are two different planets.
The common denominator in how you approach people in PE or VC or crypto is people -- you always back people -- no whitepaper or product roadmap is going to build themselves.
We are in the early days, so great people are raising lots of money with just a whitepaper -- pretty soon the bar will be raised to ensure projects have a working product/protocol -- the bar will raised even further to have users and utility and metrics on that network.
With the total crypto market cap of $250 billion, we are still in the stone ages for crypto -- we have a lot of building and adoption ahead of us -- feels like early Internet or early mobile days -- big fun ahead!
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Bianca: Vitalik just commented “I definitely hope centralized exchanges go burn in hell.” What’s your take on centralized exchanges such as Bitfinex, Binance, and Fcoin?
Matt: Oh boy, good question -- well I think we are watching the evolution of all of this -- we need certain infrastructure to get from A to B in crypto adoption -- even centralized exchanges and wallets -- they are not for everybody but serve an important purpose and address a market need for folks that have no clue how to manage private keys.
In the exchange space I love watching innovators like CZ and team at Binance -- they created an incredible platform, with a tokenized model that many are trying to emulate -- imitation is the greatest form of flattery ;-) they also have a strategy on how to construct a decentralized exchange.
So if you are not innovating and looking to decentralize, your business model may be at risk in the future -- however decentralized applications like this are hard to build and rely on infrastructure and tech that has not been built or not ready for prime time -- decentralization is a journey.
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Bianca: Many governments are tightening on crypto regulations. Where do you think the government policy on crypto can go?
Matt: Historically technology innovation has always outpaced regulations -- we are seeing that play out big time in crypto.
I am inspired by what Singapore, Switzerland, Malta, Barbados and other countries are doing to attract projects and innovation to their boards in our industry.
Lots of jurisdictional arbitrage is playing out -- countries smell the crypto ;-) and want to bring jobs, innovation and investment to their borders.
This happened before with online gaming, hedge funds, etc. -- however with crypto, these networks can be trillion dollar blood vessels of value.
Bianca: Given the current market situation, what suggestions do you have for investors, entrepreneurs, and service providers?
Matt: Never has a technology frontier like crypto had the potential to impact power centers like Wall Street and Silicon Valley -- that is and will continue to be tested with crypto.
MONEY = POWER (old adage)
MONEY = TECHNOLOGY (with crypto)
TECHNOLOGY = POWER (new adage)
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Bianca: Any story you can share when you sent bitcoins to Clinton and Branson? What were their attitudes towards crypto and blockchain?
Matt: Several years back bitcoin was so abstract to people outside of our industry -- I used to always keep a physical bitcoin on me to use as a conversation starter -- I love the Kialara physical bitcoins -- they are works of art and exposes a cool reaction when I give them to people -- the physicality always helps in a discussion over dinner or a drink -- gives tangible to the intangible ;-)
I was fortunate to meet some great people and try to open their minds to this new technology frontier -- I gave bitcoin to: Richard Branson, Bill Clinton, Steve Wozniak, Robin Wright and many more -- Branson is an inspiration for me in how he conducts business and gives so much back to society and the environment.
Bianca: Last question from the group member: do you think the market value of many digital coins will return to zero?
Matt: My sense is that about 90%+ will go to zero -- I think BTC and ETH will continue to do very well as they are the two "gateway cryptos" for new money (institutions) coming into this ecosystem -- that logic will spread to the top 10-20 large and mid-cap cryptos -- speculative network effects will kick in -- we are still in the investment and speculative phase crypto (like it or not) -- once there is real utility, transactions and throughput, we will see which networks wil remain for the long haul -- the potential here is tens of trillions of value -- we have a long way to go…
https://preview.redd.it/6kwrwjja4cd11.png?width=350&format=png&auto=webp&s=b91c4a9be963b771ac8879ef8da9ac4b2343bd95
Bianca: Before you go, would you like to share your feelings today? Do you have any other words for the ladies in the 499 WeChat Group? :)
Matt: Once more, I am so honored to spend time with you all -- super impressed by the women in this group -- this is the best time to build, invest and be a part of one of the most important societal shifts in history!
submitted by ox3tv to u/ox3tv [link] [comments]

A few thoughts - Wednesday, June 25, 2014

A few thoughts for lunch today:

An incorrect prediction and a correct one

Last week, I made two predictions: that there was no way the price could remain stable past this week, and I believed that the rise would begin on Wednesday as the insiders started trading based on what they knew. By now, it appears clear that the insiders know the exact opposite of what I predicted: that the bids are not going to be astronomical, so one of those predictions may be incorrect, assuming that there isn't a huge rally by the evening.
Many people say that markets in bitcoins are random. On the contrary, I believe that everything can be predicted, given enough information. Things only seem random when one does not have enough information to determine why they work that way. This maybe goes all the way down to the quantum level as well; scientists used to think that things like quarks randomly appear and disappear, but many now suspect there is probably a lower level which we do not yet understand.
When the price starts to fall without any news, there has to be a reason for that. The last time it happened, we later discovered that some people knew of the auction before it was announced to the public. This time, we don't yet know what we don't know.
You should always be concerned when something is happening and there does not appear to be a cause for it. There are definitely people who know more than we do and who are acting upon it. There is a guy in /bitcoin who is going to buy $90k in bitcoins. I wish him luck, but there is no way I would be buying today. There is plenty of money to be made after either the big crash, or once there is confirmation this is temporary.

A crisis moment approaching

I commented on this issue yesterday, but I think it is worth discussing again because it is important enough. What is approaching is a crisis moment for bitcoins, and for cryptocurrencies in general.
For as long as I can remember, which is years, all the bitcoin crashes have been associated with external events that did not affect the underlying fundamentals. For example, Mt Gox's incompetence caused several crashes. The Chinese government made laws and took actions to try to kill bitcoins (and failed). The US government issued the initial FinCEN regulations 15 months ago and there was a lot of consternation. Before that, there were high-profile thefts of bitcoins from poorly-designed wallet services, and so on. The only event affecting the fundamentals was the unintentional hard fork in March 2013, but the fork was corrected in hours and was a one-off event that people knew would not repeat.
Now, however, there are a lot of danger signs with the acutal protocol and user behavior that are converging, and there are things that people should actually take notice of. First, we have the issue of transaction volume stalling out. I don't agree with those who say that we can chalk it up to Coinbase. Even if Coinbase was processing transactions off-chain, the reason they are doing that is because the 1MB transaction limit is forcing them to because of the fees. Second, we see thousands of merchants adopting bitcoins, and the number of consumers spending them is very low by orders of magnitude (and there are many wallet services, including Coinbase, that make it easy to spend bitcoins now).
Third, as I said yesterday, people are still going to Western Union and paying 10% extra, which is a lot of money. We are talking about the same market as the extreme couponers who are willing to spend a day cutting out coupons and searching websites to save $30 on their grocery bill. Yet, these people obviously have no qualm about paying $50 for a $500 money transfer. You can't argue that the reason is "it's too difficult" to use bitcoins - while the bitcoin experience can be made simpler, people who have lots of time, and the will to save money will figure out a way to cut out a few bucks from bills wherever they can. They are not doing that. Other issues that can be examined include the low number of Google searches for bitcoins (the tiny spike the last few days doesn't indicate a recovery).
Finally, look at the devastating revelation in /bitcoin that gavinandressen is the only developer actively working on protocol upgrades at the moment. This means more than any of the other reasons to be concerned. It shows that the big payment processors are not willing to significantly invest in protocol development, and it also shows that there could be beauacracy involved that is preventing development from moving forward. Remember, people problems kill projects, not technical ones. There are many pressing issues and bitcoin risks falling behind to another project like NXT, which as I said before, could cause cryptocurrencies to be viewed as a "flavor of the month" instead of a world currency.

Exponential growth is required for the success of bitcoins

Now that I've made the case that we are approaching a crisis moment, let's examine the scenario that could unfold if the auction turns out to have below-market prices. This would turn into a negative feedback loop. Every day the price falls below the auction, the asks in the market fall, and therefore the bids at the auction are going to be even lower. Then, the low price at the auction would signal that Wall Street is not that faithful in bitcoins, and there would obviously be a crash. I believe such a crash would break below the bubble cycle, signaling an end to the traditional pattern of exponential growth (at least for the short-term).
Because this crash would be caused by the fundamentals (lack of rapid adoption), rather than some temporary issue like the Chinese government futilely trying to stop free expression, recovery would be slow.
The problem is that, unlike several years ago, there is a lot of money invested in the system. When bitcoins were worth $2, nobody was working full-time on them and it was a hobby. These people could afford to continue developing services regardless of the price. Now, there are corporations like Coinbase that have large staffs and million-dollar budgets. These companies could not sustain a prolonged downturn in price and usage. There are also many companies that are developing products that require a higher price, and the VC money will only last for so long.
If there is a period where exponential growth stops, then the danger is that companies that were previously expanding suddenly find themselves overstaffed and unable to meet their bills. Layoffs would cause experienced people to move to other industries and never come back, such that if there is a recovery later, new developers need to be hired and they need to learn the protocol from scratch. At the current time, bitcoins cannot sustain a period of prices at levels of the previous cycle.

Mining is also at a crisis point, independently

Miners are coming online at the highest rate ever, with the difficulty expected to approach 18b by the end of the week. That would be the single largest difficulty increase in history.
Why people are turning on mining equipment at current prices doesn't make much sense to me, as there is simply no way that all of this equipment is profitable. This is clearly a "mining bubble," where many people spent millions on mining equipment that is not profitable even before it is turned on. I suspect that, even if the auction turns out in the positive, there is going to be a mining crash soon.
The difficulty rises are simply not sustainable, even if the price were to rise a lot overnight. We already see a lot of mining companies being sued and under investigation; the next phase of this mining bubble unwinding will be farm operators who overinvested and who declare bankruptcy as the difficulty continues to increase 40% every two weeks.
This isn't really relevant to the network's usefulness or to its future, but it is bad news for people who are invested in mining. If I had a cloud hashing contract or owned equipment, I would be selling it immediately, regardless of what I thought was going to happen at the auction.

Other

submitted by quintin3265 to BitcoinThoughts [link] [comments]

Dinero Coin - "A little help for everyone"

Dinero coin is a GPU mineable (neoscrypt algorithm) cryptocurrency with Masternode and Governance system. Dinero is based of Dash and Bitcoin. Fast, easy to use cryptocurrency.
The coin was launched on Jan 26th 2018 with no ICOs, PreSelling or Auctions. We believe that there is no need to undergo this type of fundraiser, thus we intend to build around an honest and fair system with the idea of prospering from the ground up.
Honest, that we don't want to take advantage of selling pre-mines.
Fair, as we are giving a chance to miners to earn their way into owning a masternode.
With the block reward split we have implemented, we believe that we have covered a sustainable generation of coins.
At the time of writing, one (1) Dinero Masternode can earn you an approximate of 51.8924 DINs per day.
The main purpose of our coin project is to provide each user a faster and smoother alternative in sending financial transactions and at the same time, giving out incentives to MasterNode holders and miners.
Majority of our community members can be found through our discord channel. An instantaneous approach in giving support and updates towards any projects that we wish to implement on the Dinero blockchain.
Please feel free to check us out and join our growing family.
To know more about Dinero, kindly refer the link below:
https://dinerocoin.org
submitted by DineroMinero to Dinerocoin [link] [comments]

Fees should be driven by the miners, not the protocol!

I'm really amazed that this simple fact has somehow been absent in the discussion of the block size. Maybe it's because so many here are ignorant to the reason why bitcoin even exists in the first place. Maybe it's because everyone has their own personal motivations. I don't know why it's been overlooked, but for those who don't know why this simple truth is so incredibly vital, let me elaborate:
If the protocol puts artificial constraints on what transactions get put in what block, because space on a block becomes an artificially scarce resource, users will drive the fees up, competing for space on the block by essentially bribing miners to put theirs there first.
Let's look at what this kind of fee market would do:
If space on a block is essentially an auction, the players with the most money will always win, and the players with the least money will seldom or never win. In bitcoin's world, that means that businesses and technologies which rely on low fee transactions to function will be artificially driven out of the market. Even poor users will eventually be driven out of bitcoin into a centralized 'off-chain' solution. People think a fee of 0.001 BTC isn't a big deal. It's an enormous deal. In places of the world where a few grand is a year's salary, every penny counts. Those people do have the ability to get plugged into the network, and they desperately need an alternative to traditional banking which has left them high and dry.
This is what not raising the block size limit does very rapidly in bitcoin's growth years.
But what happens when we eliminate the block size limit? We still eventually reach a fee-driven market. When that happens is up to the miners, not the users. No longer are users bidding for space, but miners competing for business while trying to pay for their operational costs. It's a different set of constraints that dominate the economic equation. In the end, it means that fees will be as low as possible for as long as possible, and will equalize to the cost of providing mining power to the network.
This bodes much better for users on the margin.
With mining fees driven by miners rather than the protocol, the point at which space on the block becomes an auction that prices other users out is determined by technological limitations, not by artificial limits.
But why do we care?
We care because bitcoin is not just another payment network. Bitcoin is an idea - that anyone can take control of their own money, their own labor, their own life. Bitcoin is fueled by the desire to bring freedom from the banks, from the cartels, from the governments - from thieves, both public and private.
Any technical solution, change, feature, or fix must ultimately be in pursuit of this goal. That is what Satoshi envisioned. That is why so many of us are here. That is what is truly in the best interest of the users.
We must delay any limitations being imposed on the network by the protocol. Limits should first come from the miners, because competition will drive them to only do what is absolutely necessary. Embedding things into the protocol that can be solved elsewhere harms users and destroys Satoshi's vision. I don't know how anyone could sleep at night knowing they did that.
submitted by E7ernal to Bitcoin [link] [comments]

Transcript of George Webb Video Series Part 302 "Hillary's Leakers, Hackers, and Henchmen" [@Georgwebb / #HRCRatline]

  • Day 163.3. Old Guard vs New Guard at Tewksbury, MA - YouTube
    • Day 163 this is part 3
    • And it's too cold outside, so I have to do this inside
    • Here with Task Force, here with Deep Milwaukee
    • And we're just talking about this Frank enzyme Bradley right now
    • And we're trying to see if that's the same person that was in the global Intelligence files there WikiLeaks in 2012
    • And if people don't remember those leaks, they came out, and there are several embarrassing leaks about numerous companies around the world
    • Now, what I put forward to the group was that these were targets
    • These were Andrew McCabe type targets
    • The way infiltration works is you put your person in--kind of like Amy Dacey at Sony--you put your person in right below them, and then you come out with some thing about Amy Dacey telling--Obama jokes--that are off-color and get her fired
    • And then your person goes up, and then becomes a Sony director
    • That is Andrew McCabe's MO throughout his whole career
    • So that's why I say that's probably what he was doing with the Global Intelligence Files
    • I know it's an FBI operation because it was this guy named Sabu who was the handler, who was running around recruiting people to to hack the Global Intelligence files at Stratfor
    • Now, that's the deniability: they're not really hacking, but they say if they get caught oh it's that 20 year old guy that got--recruited by that 30 year old guy, not this team of hackers
    • So having said that the Task Force did a lot of research on this on this Bradley guy
    • And this ENSYM company that's mentioned prominently
    • Now, it's it's not enzyme with a Z it's enzyme turn the Z around to an S
    • And I think its SYMA
    • TF: YMA
    • I think it's actually [ENSYMA (ENSYMA ENGINEERING)] yeah
    • Now, give me some of the background on this guy he's he's a graduate at George Washington
    • TF: yeah master's degree George Washington in public administration
    • G: Well his business is in he worked for CERN
    • TF: a DoD gun license in Texas
    • G: He said he worked for a secret Intelligence agency
    • TF: Yes Secret Government company
    • And I'm gonna guess that's gonna be like a DynCorp or Leidos or Conceras or something like that
    • TF: And he said that he was working on viruses--admitted to that, but he will not go into the details of that
    • G: And his wife has a company called Global Logistics
    • So is she running stuff all around the world to CERN, like Californium, as well as bioweapons?
    • It's kind of although the whole ratline thing that we've been talking about through the whole series, potentially
    • TF: Right, [google redacted] AND HIS WIFE WAS A PART OF THE AIR FORCE NATIONAL GUARD AND SHE HAS A LOGISTICAL BACKGROUND, [/google redacted] she has a degree from Harvard, she does a lot of it a lot of Education behind her, a lot of different companies that she's involved in, a lot of logistics, it's kind of similar stuff that we've seen many many times
    • G: Throughout the whole seriously
    • So--this and the reason why I say Tewksbury, Massachusetts it could be that that's a wink
    • If you have this new guard an old guard--the whole War of the Roses in England was new guarda nd old guard
    • Richard the third, I always think of as Dick Cheney, you know, "Now, as winter of our discontent, made ready by the summer of York"
    • If that's the old guard, if Cheney--Bush all those guys Rumsfeld, and then on the left side Podesta and Manafort etc are the old guard,
    • The new guard could be--Pompeo, Mattis, Dunford, potentially Kelly, potentially the DIA guys like Flynn and Tony Shaffer are the new guard
    • If you wanted to really embarrass the old guard, and say, "hey we know your tricks. By the way, this guy was an expert (or not an expert)...But he was carrying around a lot of Blackberry enterprise servers as well as BlackBerries. Is he the replacement for Imran Awan, for secure encrypted communications?"
    • Again, anytime I see that it's kind of like, "well why do you have a burner phone--why do you have 18 burner phones in your backseat?", sir? --That kind of thing
    • It's kind of another signature, that says, "hey this person could be involved in illegal activity"
    • The best way for the old guard to catch the new guard to embarrass the old guard is to catch them in a city about ready to do something--
    • The Boston Marathon is coming up on the 17th in Boston: is this another repeat of the Boston Marathon?
    • Remember Graham Fuller yeah I did the Gladio plan Gladio B, now, is this Gladio C
    • Again, the Clockwork Orange thing--let's let's make a lot of terrorist incidents to get funding and keep our power--is that what's happening?
    • And the fact it's in Tewksbury was one of the key battles of that War of the Roses, where the new guard won and made our current Queen
    • So any last thoughts on?
    • TF: the only other thought was he called the police saying that he thought someone was breaking into his room at the hotel--they had guns in this hotel, which makes absolutely no sense to me if you have a--a storage full of AR-15s and weapons and gas masks and stuff like that, you call the police on yourself
    • TF: Especially if you're part of some secret Government program
    • G: Unless the new guard was trying to embarrass you
    • TF: Right, or the new guard made the call
    • G: the new guard made the call that was embarrassing you
    • {{ 911: just an observation: Maybe Agent Pettiworth et al thought YOU and Jason were part of the new guard and not just concerned citizens? }}
    • {{ 911: youtube is very incapable of transcribing TF, its annoying as f }}
    • TF: They said [that/not?] for the police to go into the house. It was coming out in the paper is that he made the phone call and that seems kind of ridiculous to me. Maybe the new guard made the phone call
    • G: Unless he had a remote camera, where he could see people going in to
    • TF: even then he would go back himself. I mean you wouldn't call the local cops
    • G: Right. So it looks like maybe that may be Andy's coming in to cover for him or something
    • But it looks like it we could have averted something happening
    • I think of Claude D'estre every time I think of the Boston Marathon
    • And [thinking] "Claude you would look at awful lot like that guy who was six feet away from the bomb, and is this another Colorado CIA School of Mines operation?"
    • So we'll see we'll see what happens
    • But I think people are going to connect the dots on this one
    • And certainly there's a very active Q, would you say Deep Milwaukee?
    • There's a an active Q discussion on this right now?
    • DM: Not Q but the anons
    • G: Ok not Q but the Anons
    • So there you have it
  • Day 164.4. SAIC’s Sam Visner Did NSA, MdA, and MITRE - YouTube
    • It's day 164 part 4
    • So here is where I met Deep Florida, this boarding officer for the Coast Guard the other night
    • He kind of confirmed the things that we had said about maritime data awareness packages
    • And how that they could call off interdiction people like The Stzroks family in Corpus Christi, or The Strokes family in San Diego can say at the Coast Guard level uh-uh from DIA can send a message down saying
    • No interdiction guide that boat to the target or I could bring a yacht into Port of Miami or port of Jacksonville or Port of Tampa or all the way up and down the coast--Charleston, South Carolina, Virginia Beach, all the Navy ports all the way up to where Joe Crowley is with his Wackenhut boat
    • So that's good
    • I want to talk to Deep Florida again, and we probably need to talk to him more, because that's real on the line, on the front lines Intelligence, where he was--seeing these same drug dealers over and over and over again at the 24 mile marker, and the nautical mile marker
    • The other thing about the first story we did today which was Bill Binney
    • It kind of dovetailed into that because SAIC, is the one who wrote the maritime data awareness package for all this
    • SAIC is also the company that wrote trailblazer, the program that took the place of thinthread--Bill Benny's thinthread
    • And the guy who bought it is a guy by the name of well there was one guy by the name of Ben Black, who was SAIC
    • And then he hired a guy named Sam VISNER who was also SAIC
    • So a lot of these NSA guys end up being SAIC guys
    • And that's the revolving door as far as the Navy's concerned
    • And you might have seen us cover that when we went up to Laurel racetrack
    • We talked to all the SAIC guys ex-Admirals who were--parlaying their horses around the Laurel Park
    • The second story we did today on Frank Bradley, Frank enzyme Bradley, was also interesting because he's in these global Intelligence files of the WikiLeaks
    • And I looked at the files there's 29 of them
    • And they're mostly spreadsheets
    • And there's it's kind of the same kind of audit coded spreadsheet
    • It goes from 2004 to 2011 there's 29 spreadsheets
    • And his emails in there
    • And it's for like 1995 a month
    • And there's all these Army guys
    • So that unlike--Bill Binney, and the Navy, and SAIC, and NSA
    • This was the second story we did today which is Frank enzyme Bradley, with the Bradley Fighting Vehicle right, turns out its Army--is that a fake name, because he's Army
    • And he's dispersing Army--gas masks and flashbang grenades and all sorts of things to JTTF units all over the country to these dog teams that that we've got?
    • Who knows--we don't know that
    • But it is interesting he is in this kind of list
    • And does that list get compromised in 2011?
    • ...And that's why the Fusion GPS is created?
    • Still, we don't know the answer to that either
    • But meeting you had another whistleblower here, so we're gonna stay in Milwaukee a little bit longer
  • Day 164.6 Meet Leah Vukmir - Next Senator From Wisconsin - YouTube
    • It's day 164 I think this is six
    • So we met the Senate candidate here that's going up against Tammy Baldwin
    • I wanted to--make a political statement, helping Paul Nealon against Paul Ryan here
    • Now, he lost by 50 points
    • So--Paul Ryan's gonna win
    • But it's probably more important that Leah Vukmir win as the candidate in the Senate seat, because the weight Wisconsin's organized is they have one Republican Senator and they have one Democratic Senator
    • Ron Johnson, as you probably know as the Republican Senator, he's in the Intelligence Committee...and been a good supporter of transparency
    • And then there of course is Johnson Wax in Milwaukee
    • And then there's Johnson Controls in Milwaukee the--the building controls
    • And then there's also Johnson & Johnson and Racine
    • So there's a lot of Johnson's going on here--I'm gonna stay away from that {{LOL}}
    • But Tammy Baldwin the Democrat is coming up for reelection
    • And the III I talked to her quite a bit
    • Leah is a very nice person, and she gave me about a half an hour of her time
    • And what I like about her she's a nurse
    • So she's got--she's just a nurse who wants to do the right thing
    • But she's very involved with manufacturing
    • And very involved with the police unions, the fire unions, the emergency services, all the people that are first responders
    • So I really wanted to give a strong statement of support
    • And again, a candidate that comes out says "hey I saw you, I want to come out, I want to meet you I want to introduce myself"
    • And I think these are the important people
    • She said I wasn't on the Trump train at first--she's a big Scott Walker person
    • She was part of that whole kind of hey you can't hold the--Government and the people, SEIU, you can't hold everybody hostage
    • But she said hey as as I got to know Trump better I got on the Trump train, and I'm a really strong Trump supporter
    • Again, I think Trump of I sat with all slew of of Trump supporters
    • Democrat and Republican tonight
    • And the key thing I keep hearing is: he's a businessman. He wants to bring jobs back to Wisconsin, and Michigan, and Ohio, I'm from Ohio--Indiana, I'm from Indiana
    • I want they want to bring jobs back I don't care if it's Mugwump or whatever, your party is, Trump wants to bring jobs back
    • So I want to support her I want to tweet her out
    • Again, it's Leah VUKMIR V U K M I R
    • And I think it's just a strong candidate
    • I think it's it's a person who it didn't necessarily doesn't have Paul Neilins background in manufacturing
    • But she know she's making an active effort--she's been in 66 of the 72 counties
    • And I just wanted to make a strong statement, because I just believe that she comes out, everyone I introduced her to tonight she's listened to and interacted with and listened
    • And as is kind of a person of the people
    • So I don't normally do political things
    • But this is a candidate I felt very strongly about, and her platform
    • And she needs to of course when the primary--it's a late primary here in Wisconsin--it's an April primary
    • So it's important that we do a lot of meet and greets
    • And a lot of fundraisers early to make sure that these kind of candidates get a chance to win in November against a kind of a very globalist
    • And I hate the word 'globalist'
    • I like the word 'carpetbagger' -- I've seen the destruction of towns in my hometown in Fort Wayne Indiana International Harvester plant left when I was in--teenager
    • And I've seen the destruction in Ohio, firsthand
    • And I've seen the destruction in Michigan
    • So I'm not as familiar with Wisconsin
    • But--you got Harley Davison
    • And we had this trade discussion--let's just take all the names
    • And brand names out of it
    • If it was Brand X over here
    • And that's your trade representative
    • And brand Y over there take China out of it take take the U.S. out of it
    • If your guy came back, and said hey I got a great deal we pay 35% tariff over there
    • And we get 1.2 percent tariff on their stuff coming--isn't that a great deal?
    • Everyone would say you're no longer our trade representative--get out
    • That's what we have right now,
    • And I think it's a hundred percent tariff on harley-davidson products in in Japan
    • And at least to 35% in China--I'd like to check those facts
    • So anyway lots of trade discussions
    • I know everybody's watching Final Four, but I just wanted to throw that out that we have a US Senate can adhere tonight that came out to me, and she wanted to tell her story, so there you have it
  • Day 165.1. The Good America - Binney, Wormwood - Olson Part 1 - YouTube
    • It's day 165
    • And this is part one Happy Easter everyone
    • Still bloody cold here somebody from Tewksbury--Gloucester, actually--about five miles from Tewksbury
    • Said they reenact the Battle of Tewkesbury every year
    • So I thought that was interesting
    • So maybe we'll reenact the old guard and the new guard with the Tony Schaefer and the Cyber Command boys
    • I expect Tony Schaefer to be getting a position with the Trump administration here pretty quickly in the Intelligence area
    • And maybe these Army guys--these Army Intel guys will push through a split with NSA and the Navy Intel guys
    • So we'll have a check on the Navy Intel boys
    • So anyway that's Tewksbury
    • So that's this battle reenactment they have in Tewksbury, where this guy was caught with these enzymes Frank enzyme Bradley
    • Riding around and his Bradley Fighting Vehicle throwing out bill swing enzymes on the population flu and flu viruses on the population it
    • Was he doing that? Who knows
    • But we can go look to Tewksbury now, every year to reenact our battle between this Navy
    • And Intel Command
    • And these new Army cyber boys that's that battle is developing one two great documentaries out
    • And it almost tells our story in terms of what a format of this story might look like
    • One is the "Good American", which tells a Bill Binney story about how he had Thinthread how this guy named a SAM Visner came in said oh my gosh this is great we're gonna do trailblazer instead collected all
    • Then when 9/11 happens, Sam Visner is the guy who says, "this is a cow we can milk for 15 years at SAIC"
    • So he leaves NSA, the Sam Visner, and goes to SAIC
    • And these are direct quotes--that this is the--opportunity of a lifetime
    • That same Sam visitor is in this Q discussion now, with this MITRE group in this this Highland Forum in this kind of public-private, pay-to-play partnerships
    • So, interesting to follow these things "full flight of the arrow" as I call that, all the way from 9/11 pre 9/11 all the way till now,
    • Sam Visner still doing--and SAIC--does the maritime data awareness program, said that ZIPZORP was talking about SAIC
    • SAIC formulates themselves with a new name called LEIDOS it's kind of a shuffle giving us a little "lead" LEIDOS shuffle--it's still SAIC, psst STILL SAIC
    • So a little Leidos shuffle there
    • So anyway the good American talks about how 9/11 could have been avoided with Bill Benny's Thinthread
    • And a lot of the folks I've talked to Diane Roark at length
    • I've talked to Curt Wiebe
    • And interacted with him on Twitter talked with Bill Binney
    • So a lot of the people in the series I recognized
    • And I've never never talked to a Thomas Drake, though, Tom Drake
    • But I would like to
    • But I think it's a great series to watch for the first part of our series, before the Awans got involved which is surveillance
    • And the misuse of surveillance
    • And maybe the Awan's are a part of that too, because you use a third-party Intelligence service like PAC ISI to have deniability on surveillance
    • But then there's a second part, which is not just surveillance, but now disruption we're actually gonna go out and try to make you--your life miserable
    • And that's really the second documentary
    • And it's a six-part 40-minute a shot documentary called Wormwood
    • But it is the dirty tricks part of the CIA, getting rid of you once you become a problem, once you start saying hey this isn't good
    • And we're using these truth serums and scopolamine to do--parties it--late at night in Montreal with--our good doctor up there, Dr. Gottlieb, where we did a series at the <
  • Day 165.2. Wormwood Part 2 - Bill Swing’s Ft Derrick - YouTube
    • This is part 2 of day 165
    • And this is following up on wormwood
    • Great movie, because it it's kind of also William Kobe versus Sy Hersh in terms of getting the story about out about Frank Frank Olson
    • This guy who was worked at MKULTRA, Sidney Gottlieb, at the McGill University in Montreal where we were in this series
    • So a lot of the places
    • And things that we've mentioned the series Fort Detrick and the bio weapons program in Maryland...are you go around to these different places and it connects all the dots in a long format, which is really nice
    • And here's Sy Hersh at the end saying, "hey this story's too big for me"
    • And we're we heard that before I feel like he was just recording our ending, and just said well let's just slap it on the end of this documentary
    • But anyway you'll see Sy Hersh say this is story's too big for me at the end, in that in that story
    • But this guy Frank Enzyme Bradley--being caught: was that just so they could double down the amount of spending on the Boston Marathon on the 17th?
    • So was that kind of an inside job the old guard kind of their little clockwork orange' Games?
    • Fear
    • Or was it the new guard was it kind of the new US Cyber Command--kids was with with Flynn and Tony Shafer who I expect to be named to position Intelligence position with Trump here pretty quick?
    • Was it this new split?
    • This new separation of powers were gonna have between the Army guys--the US Cyber Command, and the Navy guys that the NSA?
    • Who knows? We'll see what happens
    • But it was interesting tie into this guy who was at the CDC, who went disappearing
    • Is that why all these flu viruses are being disseminated in these different places?
    • Who knows
    • And also we have the NRA event coming up in March May 3rd 4th and 5th
    • Did Krylova and Bogacheva go to that before? Yes of course they did
    • That was in Dallas this year
    • But where was it before?
    • Where where was Ted Cruz? Where with all those events?
    • We still don't know--none of that's come out
    • And one of the other things I've noticed about the Q phenomenon is I much I have a much greater understanding of how unknowns with Q and being on boards
    • And talking with all these people last night that follow Q
    • And the creation of these memes
    • And I think that's something that our series needs to do is create memes from the series
    • And so I'm gonna continue to create these playlists
    • So that people can go through
    • And say here's all the Navy Intel--from beginning to end in the whole series
    • And then create a Navy Intel meme with the old ones because I think the ones are extension of Navy Intel
    • And then do the same thing for the other significant memes in the in the series
    • So even though Q took a lot of my viewers away
    • And a lot of my researchers away, in a way it's good, because they show you a more effective way of doing open sourcing, creating these memes...
    • So I look forward to a good day of reporting
    • We won't say where all the places we're going, but have a happy easter everyone
  • Day 165.3. Preview of Andre Taggart Reveal - NNSA - YouTube
    • OK It's day 165 and this is part three
    • And this is sort of a sneak peak to the solution to the whole series
    • And I've said before we're kind of going from a pay-to-play world where things were doing below the table
    • And I the three initials there are MBZ the crown prince of Abu Dhabi
    • And sort of Hillary Clinton moving into the Trump world which is MBS, which is above the board--crown prince of Saudi Arabia or just do everything aboveboard
    • And the people who are doing the below the board business are pissed
    • So this series really has been looking at how that below the board business was done
    • So collecting metadata on how that was done--David Petraeus--the create the creation of this rogue NSA which is NNSA
    • Which is Not so Nice NSA
    • Basically created a Uranium cover for the last 20 years
    • And everything basically below that was this weapons for drugs or weapons for minerals or weapons for human resources kind of business
    • And that's the story of the last 20 years in Hillary Clinton and the whole crew,
    • And Navy Intel and her kind of unholy creation of this alliance with with NCIS or or this just rotten core inside a Navy Intel
    • So I just created a list about Navy Intel if you want to review the Navy Intel list if you haven't been following this series
    • But basically you have to find the server: where are they doing this?
    • You have to physically find it
    • So we go to Washington DC we we find--we collect a lot of metadata
    • We find the Lorton address where all this business is being conducted
    • Now, I do I think that's the real address?
    • No, that's the parallel construction if they ever get caught
    • They say there's deniability--it's just a just a group of people that are doing--find a bank fraud there's a small deal--it's not a big deal
    • The real action is at the Navy Yard
    • And that building 213 an old DIA building which was called a Threat Analysis Center
    • And this we've said this in the series for almost a year
    • So this isn't any surprise to anyone
    • The part I'm gonna let out today is I knew Taggart was a fake from the beginning
    • And I knew Tane Taggart was a fake from the beginning
    • I knew that I mean they weren't--just renting the property
    • But there was a reason why I had to go with that deception, because you let people who are in the business
    • (And they're just doing their jobs, right?)
    • You let people who are doing the business let the let the charade play out let the school play play out because you get valuable data although all along the way
    • I had to make Taggart the hero in order so other people would come forward and so he would continue talking
    • That was the key part
    • Keep giving us more metadata
    • It's too bad we couldn't have had a couple of more interviews with Taggart a couple of more interviews with Laurel Everly
    • All the people that are kind of either knowingly or unknowingly involved
    • An Tane Taggart would have been a good interview
    • Jacquayla would have been a good interview
    • But that's fine we still solve a puzzle now
    • Which is basically the drives were the takeaways for going to Pakistan--that those were the real drives--the ones that went in March, not the ones that were the decoys in April, that were left in the Rayburn office building
    • And that was the server's--that's how the trade occurred
    • It was on that caucus server--the drugs for weapons trade
    • The next thing was once got the servers--and the Sprayer home could have also been a place where people were were compromised
    • But then the next piece in in the whole thing is actually how do they do it?
    • And it was with these containers and
    • So we got down to the containers
    • And then how what goes into container?
    • So we really really got to a granular level with the cars--Alpha Jalloh ring to do all that
    • And everything else since that has been proving who with in Navy Intel have been the key people to put this whole thing together?
    • So I'll just leave it right there Taggarts a good guy
    • I think in Bethesda I remember I was in Bethesda, Maryland
    • And I almost said Taggarts role
    • And I held off, because I wanted to find out more about the people that were inside Navy Intel they we're actually running this
    • But I think you may know who who those people are already
    • But I'll just leave that for a more non XSTAR general logistics pay-sized version
  • Day 165.4. Saipov’s Mt Prospect Trucking - Near Blues Brothers Auto Auction - YouTube
    • It's day 165 here we are at beautiful Bussy Road
    • Go down to the end of this road on Bussy Road here in beautiful Mount Prospect
    • And you have the Mount Prospect auto auction of Blues Brothers Fame
    • Remember that Jake said we are on a mission from God
    • So the interesting thing about this is Saipov
    • Saipov truckers
    • They have a Saipov--the guy who ran down did the run down in Chelsea--ran over those five Argentinians
    • I think one of them was a nuclear scientist
    • The other one was that woman from Belgium the Belle from Belgium
    • We also have though sighs I've had a trucking company in Cincinnati trucking company
    • And car company in Cleveland car company here in Mount Prospect, Illinois close to Rahm Emanuel, close to Schneider, we're jan Schakowsky's district now
    • And of course one in Tampa
    • So the key here is chain migration and lottery: not such a good plan
    • The Saipov truckers? Not such a good plan
    • The Uzbekis--drugs going one way, weapons going the other, Uranium cover: not such a good idea
  • Day 166.1 Naugty NSA School Play Falling Apart - YouTube
    • It's day 166 part 1
    • And yesterday I revealed Andre Taggart is sort of a player in a Shakespearean play, if you will, covering the Awans, and the state support of the Awans spy ring in Congress, as well as Awan-Contra: the trading scheme for weapons and drugs in the Congress
    • Did they also have a sex ring in Congress, with all of the Awans beatings?
    • Well that's for another day
    • But certainly Taggart would have nothing to do with that
    • But the I am dubbing NNSA or the naught NSA as the key conspirator behind this, in much the same way we can say the revolt from the West at Tewkesbury 500 years ago was led by Richard the 3rd, I'm pinning this on Andrew McCabe, Hillary Clinton, and the NNSA
    • This is going to be a kind of a as we've said before kind of a power elite move
    • Its gonna be SAIC, key contractors like Lockheed, Northrop Grumman, doing major projects like Trailblazer at NSA Bill Binney Fame versus Thinthread, as well as Maritime Data Awareness applications like the application we singled out which was the Pandas, which which lines up well with Seth Rich in the Congress
    • You don't remember yesterday or the symbol first of all for NNSA
    • Here's I dubbed this this morning about four hours ago
    • And I talked about the different contractors involved in the NNSA
    • Now, I also created a playlist
    • So if you're not familiar with all the eleven or twelve different videos I've done on NSA
    • But the key here is Uranium under color-of-law with Uranium, now, I can trade anything below
    • And it provides me kind of the same sort of drayage that it provided the British Navy
    • Don't tell me what's of below decks just tell me how much it weighs and give me my commission for transporting it
    • And I do believe that Navy Jack has kind of I'm not going to say manipulated Crowdsource the Truth
    • But I do believe it has been sort of an information operation since the beginning to put the lid on this NNSA activity
    • I think the folks there knew that this would eventually come out if the crowd dug in on it
    • And there's been all kinds of diversionary tactics
    • But I think yesterday, Navy Jack threw the towel in
    • And now, he's trying to do anonymous strikes
    • So I won't say who Navy jack is specifically, but there are a few Navy Jack's out there
    • And specifically I think what they want to bury as this Andre Taggart interview in this Laurel Everly interview
    • Because it flies directly in the face it flies directly in the face of the truth and
    • But they give away key facts that unravel this whole NNSA pay-to-play scheme
    • I think also all of the anywhere you see those routers that at the Sprayer house that Jason filmed are going to be important as well
    • So I do believe the NNSA is trying to shut it down
    • Whether that's a Navy Jack or not we don't know for sure
    • But here's another article that came out that said, "oh by the way we all signed a slip a paper that advocated our rights of checking out and vetting The Awans in this scheme"
    • It's obvious that once a spy ringin Congress and also arms for drugs trading ring in Congress has state support and
    • So after the fact these 44 different Democrats are gonna say, "oh, but there was a piece of paper that we could sign that have been abdicated all our responsibilities in terms of vetting, because Debbie Wasserman-Schultz said so"
    • And I think we're hot on the trail of all the pieces of this network
    • They brought in these Uzbeki truckers to ship this stuff around here in Chicago--where I am in Mount prospect--was just one of the many trucking companies two in Ohio, one in New Jersey, in Paterson, New Jersey; one in Tampa, Florida as you can see here
    • So eventually with research this will all come to light
    • And that's why I think they want NNSA wants to bury these buried these films of Andre Taggart
    • So that's where we are today
    • I just want to say that I think we're hot on the trail
    • The metadata leads me to believe more than ever that we will put the pieces of the puzzle together even if we don't get certain documents from the court
  • Rosemont Casino - Bring Out Your Hawala and Your Dead - YouTube
    • Beautiful day 166 this is part two here at the Rosemont casino
    • And I just want to show you if you just recently had a sniper incident where an unfortunate person died at your hands you could bring the body here
    • And I'll show you how far you have to go to turn the body in to get five thousand dollars in chips here at the Rosemont casino
    • And I'm not kidding
    • If you look up Bioresource Center
    • And this is a show we did a long time ago I think it might have been over a year ago
    • We talked about there was prisoners at Holman square down south of Chicago down by the United Center where the Bulls used to play
    • That was a key place for bringing in--just as Christopher Steele does liaison operations, Intelligence operations in the United States for the FBI, we do liaison operations for other countries here in the United States for them
    • So we torture prisoners here for other countries
    • Again, that eludes their rules about informing their oversight bodies about operations
    • So if you don't remember what a liaison operation was: it's a way of avoiding the reporting that's in our Constitution about talking to the gang of eight, which is four people from the Congress on the Senate side, four people in the Congress on the on the side of the Senate
    • Two Senators from each party, two Congressmen from each party
    • But literally right there village of Rosemont is where BioResource Recovery Center was
    • Now, I'd only have to walk a little bit further down under that bridge to actually go to the USDA facility
    • Now, the USDA facility--if you recall--is where what we had right next to our our Gülen schools
    • I can't remember--they usually give a a name like Wisdom schools or Affinity schools or--Great Clocks by Kids Schools--they give them some kind of lofty name which is fine
    • But if you remember my visit there we basically had a lot of great teachers
    • So that they can farm the money through, and launder the money through
    • It's always great it's like a union you can always farm the money through gangsters love unions lots of workers lots of paychecks
    • But then you have one guy who can sue who's an English teacher from Turkey or some country like that: usually Turkey
    • And he is the interpreter
    • And then you got one guy in the back that cannot speak a word of English
    • And I call him the Halal money changer
    • So right behind me is O'Hare Airport
    • And literally all day he does is just count out Halal
    • Now, what comes into this you a facility here?
    • Well fruits and vegetables and also meat perishables things that could carry insects etc or food borne viruses
    • So they need to be irradiated
    • They need to make a trip to Ames, Iowa
    • So if you don't remember that part of our trip, you can go back and look at that
    • USDA
    • Now, I did
    • (I hope I don't get a copyright strike on the parking lot music)
    • I did interview a USDA person, and it turns out they loan a lot of money now to women farmers and also minority farmers
    • They want to get women started in farming and minority farmers
    • This turns out to be extremely difficult to get an American a loan
    • But very simple if you're from a different country
    • I know that's gonna us I know how hard that is gonna be for people to believe
    • Again, ninety nine point five percent of the people in USDA doing a great job
    • I only need to compromise 0.5%
  • Day 166.3. Delivering Imran’s Bitcoin To Rahm From O’Hare - YouTube
    • Day 166 part 3
    • I've now, made it from the airport with all the Halal cash
    • And the hawala you can see the armored car here I'm bout ready to take it in to Rahm Emanuel here at City Hall behind me
    • But before I do that because it's all Bitcoin now, it's all on hard drives, it's all on Imran's hard drive
    • So there's literally terabytes worth of Bitcoin
    • So makes it easier than the old days where you needed a big Brinks truck I still like to ride in the Brinks truck
    • But as you remember from the movie The Blues Brothers
    • You've got the Picasso here looks like it's a different color
    • Maybe this isn't the Picasso? Maybe--the I thought the Picasso was across the street from City Hall anyway
    • Well we'll go over there and find out if it's a Picasso or not
    • Maybe they replaced the Picasso
    • This is the scene where all the police cars pile up the Chicago police cars the Chicago's finest over there as you can see I do believe this is Richard Mary Daly square if it's not that I've just made a mistake
    • But as you can see now, all I need is hard drives to take Bitcoin to Pakistan
    • And I'm saying that probably happened on the 7th of March
    • And I picked up where I found the decoy about a month later with Andre Taggart
    • And now, of course I've exposed Taggart, because I see them shutting down the channel
    • I see I think there's foul play--in the runs--rotten in the state of Denmark, something rotten in the state of Denmark as Hamlet would say
    • So if that isn't Picasso then I don't know what is
    • But I do think there's something rotten in the state of Denmark
    • And they're shutting down Jason's channel we have to get all those interviews
    • And phone calls from Taggart before they go away as--44 different Democrats, maybe up to 50 waved, doing a background check on Imran Awan
    • And all the conspirators Lisa Maria Bartiromo says it's the biggest story of the year that's not been covered
    • The biggest uncover story of the year the story is breaking now and you're live to see it here in Chicago
    • And just I want to say hi to Rahm
    • Bole di Juggies is doing great, Rahm
    • I got all the Bitcoin: we got it all!
    • We got it all baby, nobody stopped us: Andy didn't stop us at the airport: we got it all
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Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin BITCOIN BELOW $8000 - MINER CAPITULATION?! Programmer explains What is Bitcoin Mining? - YouTube ⛔️ US Government simulates WAR GAME against Bitcoin  Stock market pump and dump  ALTCOINS PUMPING Inside The Cryptocurrency Revolution - YouTube

The US government on Monday announced that it is auctioning the last remaining Bitcoins belonging to the now-defunct underground marketplace Silk Road. According to the US Marshal Service’s (USMS) press release , the auction of 44,341 Bitcoins (nearly $1.5 million at press time) will take place on November 5 this year, from 8 am to 2 pm. Tim Draper, a Silicon Valley venture capitalist, was the sole winner of the US Marshal Bitcoin auction. Mr. Draper purchased all 30,000 BTC, outbidding many other participants in the auction such as Barry Silbert’s SecondMarket. Draper is an investor in Vaurum, an exchange platform for financial institutions. Later Today: $40 Million Worth Of Bitcoin To Be Sold On Auction By The US Government February 18, 2020 / in Bitcoin / by Crypto Potato More than 4,000 BTC will be auctioned today by the United States Marshals Service (USMS). US Government to Sell Off Seized Bitcoin Worth $8.4 Million. By Geoffrey. Dec 22, 2017. The U.S. government is looking to auction off 513 seized Bitcoins and 512 Bitcoin Cash crypto coins, all estimated to be worth around $8.4 million. The United States government has been given the green light to unload about 513 Bitcoins together with 512 Bitcoin Cash. This is after a Utah-based federal ... US Marshals to Auction $25 Million in Bitcoin [ad_1] The U.S. Marshals are set to auction off nearly $25 million worth of bitcoin later this month. The government agency announced Monday that it will put approximately 2,170 bitcoins on the auction block, with the sale planned for March 19. Would-be bidders must submit a $200,000 deposit and complete the registration requirements by March 14 to ...

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Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin

️ US Government simulated a War Game against Bitcoin! The purpose of the US Government doing this with Bitcoin was to battle Bitcoin as a currency and not as a store of value. This "Bitcoin Mining' video will help you understand what is Bitcoin, what is Blockchain, advantages of Bitcoin, advantages of Bitcoin mining, what is Bitcoi... Bitcoin doesn't have a central government. With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to ... us government closely watching and ready to crack down on bitcoin, mixers, and crypto in general. alex jones finally becomes a bitcoiner. and more BCH mining fee drama Social Media: Follow me on ... Bitcoin’s emergence as a global digital currency has been as revolutionary as it has been erratic. But while fledgling investors obsess over every fluctuatio...

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