"So, the basic gestalt is that we are currently in the midst of some massive game theory and strategy between China and the US. At its heart, this is a currency war. But long-term, this is s ome epic anime-level Ghost in the Shell type shit going on, so basically a technology war.
Bitcoin is at the center of it. Both gov's know they need to use cryptocurrency, but they also know that the limitations of the protocol itself are such so that there can only be one global currency. So China and the US are basically going rogue and discreetly taking over vulnerable countries so they can siphon as much electricity as possible.
AI is the real end game. Cellular automata using non deterministic competitive models on the blockchain. Simulated cells that compete for money. Look into Dr. Craig Wright, he is the discov erer of Bitcoin and is perhaps one of the few people who understands how this really works.
The Chinese Navy just docked in Venezuela. They plan on being there a long time as part of a longer strategic play; they've said this publicly. But they are posturing. And Trump has deleveraged the shit out of China, their Bitcoin dominance notwithstanding."
"Bitcoin as electronic cash was just the first step, the incentive to drive greedy people to start making ever more powerful computers, faster bandwidth, cheaper and more electricity.. these things the AI need to survive. Once entrenched fully, the AI would be able to slowly take over literally everything. Craig stumbled into creating the AI after he stepped away from bitcoin devlopment in 2008 and started working with his Tulip supercomputer, running simulations of cellular automata running on turing-complete bitcoin script. He would 'evolve' the AI by making the successful forks get bitcoin transactions, letting the failures die off. The AI needs bigger and bigger blocks for more and more transactions. Blockstream (owned by bilderberg group) was created to take over and stop this AI (they have their own competing AI in the works).
So what about the dollar, you might ask?
Because you can now buy oil with the yuan via a futures gold exchange, it's the first big attack on the petro-dollar and thus the US currency reserve status. America are just going to lie d own and take the biggest threat to the party their monetary policy like a little bitch? The BRIC countries are making their fist move against the reserve status of the dollar, they want SDR to be the new 'reserve' money.
America doesn't want that to happen, and trade wars are the pre-empt of real wars (Germany didn't do shit until they got squeezed economically), China's whole economy is built around trade and exports, their environment is fucked, they import all their food and baby formula (look at a2m share price for the past year)."
2/2
What does it mean Jow Forums? Is any of this true?
I have looked into Craig Wright but dont know anything about the petro crypto or Venezuelan politics.
Not sure if this will survive, but what I'm seeing is that the FMA/treasury address cleaved off a bunch of 5000 PTR stacks and got sent around to new wallets each time. Following the chain is trivial. Here is block 103, which is where you start to see smaller wallet transactions start to get made.
I can't tell if you're trolling or legitimately nuts, op. But this shit makes no sense at all. Also block chain technology is what matters, not Bitcoin.
Adrian Young
No. The economic system of mining and the Nash equilibrium derived from this is the true innovation. Immutable ledgers have existed since the 70s.
Daniel Thomas
Ok so the 0 fund tx appear to be stand-ins for what would usually be block rewards, which are not issued since all the coins are located in the FMA treasury seed.
As far as I can tell, there is some use of the PTR chain but seemingly from "developers" or people working on the project. It's like a sociology experiment at best... Definitely not a crypto. Gonna try and run a client and mine some possibly.
Julian Martin
Petro is 100% centralized by the state so I wouldn't really consider it a serious crypto
Brandon Jenkins
Well, I consider it crypto in that there are transactions on a chain that use crytographic primitives to cross-verify, but there is no economics or velocity in the actual currency.
I think interesting things can be gleamed, nonetheless.
>2019 >investing in BTC It was a pump and dump, move on.
Jace Jackson
mate it's 2019 who give a fuck about crypto anymore
Levi Hill
Fakesatoshi is a scammer just as his pal Roger Ver. BSV/BCH drama proofed both will go down the gutter. Stop the AXA/Bilderberg conspiracy non-sense regarding Bitcoin and Blockstream. They did more for our decentralized future than Craig will ever do - just look at their Satellite project.
However; there is a currency war and Bitcoin will be key to win it. Protect yourself from hyperinflation - buy Bitcoin. Disregard altcoins and hyped blockchain tech. It's all about being the first, most secure and decentralized non-censorable sovereign bearer asset. There is no competition only the certainty that Bitcoin is a gift to mankind to promote individual freedom and thus be valued highly in the future.
ok here’s the crypto blackpill. there is an AI living on the bitcoin blockchain. Craig Wright is unironically satoshi. Bitcoin as electronic cash was just the first step, the incentive to drive greedy people to start making ever more powerful computers, faster bandwidth, cheaper and more electricity.. these things the AI need to survive. Once entrenched fully, the AI would be able to slowly take over literally everything.
Craig stumbled into creating the AI after he stepped away from bitcoin development in 2008 and started working with his Tulip supercomputer, running simulations of cellular automata running on turing-complete bitcoin script. He would ‘evolve’ the AI by making the successful forks get bitcoin transactions, letting the failures die off. The AI needs bigger and bigger blocks for more and more transactions.
Blockstream (owned by Bilderberg group) was created to take over and stop this AI (they have their own competing AI in the works). They needed to do everything they could to stop or slow down satoshi’s AI (her named isTulip by the way). They started by limiting the blocksize and removing critical opcodes the AI uses in its script language. segwit was the final nail in the coffin, which destroyed Tulip on the BTC chain (Tulip uses transaction malleability). THIS is why Bitcoin Cash was forked, and this is why Craig is so intent to make unbounded blocks, restore the original op codes, and lock down the protocol.
Back to hash power – CSW has developed a breakthrough new asic (designed by his AI actually), and is mining BTC in secret for the sole purpose of driving up the difficulty sky-high, then yanking them all over to BCH leaving the segwit chain hard frozen.
Bitcoin has a problem though friend, when all the coins are mined there will never be enough transaction volume on a high value asset to sustain miners on transaction fees alone.
I'm bullish as fuck on blockchain in the long run but BTC as it is (especially without smart contracts) is kind of hopeless. How will it ever survive the failure in design by satoshi to plan for miner economics? Satoshi even said it was meant to be p2p CASH not an asset and it would fail if no one used it.
Samuel Wilson
>Bitcoin has a problem though friend, when all the coins are mined there will never be enough transaction volume on a high value asset to sustain miners on transaction fees alone. Only because Blockstream retards crippled the network by limiting the transaction rate. (((Axa))) did a hostile takeover of Bitcoin, then stopped the network from scaling effectively blocking real-life adoption, then pumped the value up so early investors would sell.
Christopher Baker
It would never sustain that rate anyway my man by a function of the fact that extreme high value assets (you know how we all want BTC to be) tend to have very low movement volume.
Even if it was capable of amazing transaction rate it wouldnt matter cause if it's worth a ton of money, nobody is moving it often. And then miners have no reason to mine, which lowers security and therefore the value.
All of this is nothing to say of BTCs lack of smart contract functionality either.
Gavin Thomas
No, you just dont understand Bitcoin, economics or smart contracts.
>“China navy” 1 hospital ship. If this is what you call China navy they better have a lot more on the way. China has zero strength in Western Hemisphere. Same with all weak navies of the world. USA dominates Atlantic and pacific, from sea to shining sea.
Parker Parker
the economics of mining is a legit concern - but only when the subsidy becomes negligible starting from 2032 so I don't bother right now. You can either have an inflationary coin where holders pay for the mining security by having their share diluted or a deflationary one where users pay for mining security by transaction fees. IMO the deflationary one is the fairer and more attractive one.
Time will tell wehter few high-value/high-transaction-fee tx can sustain security. I'm pretty sure big blocks with lots of cheap transactions can't - it's a race to the bottom and a centralized solution will always be cheaper than a truly decentralized one. Satoshi's innovation wasn't p2p cash - even though bitcoin can and is p2p cash especially in Layer 2 - it was inventing a digital sovereign bearer asset (pic related).
Regarding smart contracts - they are not as important as you might think. Tell me one use-case besides ICO that is actually used. I would even argue that Bitcoin multi-signature and time-lock/hash-lock are the most useful smart contracts out there. Further MAST will bring advanced smart contracts to Bitcoin.
You're ill-informed and should overthink your assessment. Why do all cypherpunks such as Nick Szabo (widely suspected to be part of Satoshi) or Adam Back (1 of 7 researchers quoted in Nakamotos whitepaper) agree with small blocks? Ask yourself what would happen if Roger abandons and declares BCH for failed, Craig BSV or Vitalik ETH. How would markets react? Is there a person who could cause the same for Bitcoin? Look up Mike Hearn's Departure.
Grin coin is the hot new privacy coin that will replace XMR
Daniel Rivera
Invest in good altcoins. Next bull run Bitcoin will see massive gains yes but this time the wealth will be spread out among the dozens of different alt coins that actually serve a purpose.
Cooper Morris
Except there are over 2000 different alt coins most of them are shit but if bitcoins fails I'm sure there will be another coin with superior tech yo take it's place.
Julian Allen
Do you still think Fiat currencies will be around by 2032. I mean maybe by then the transaction fees alone will be all the miners need as an incentive to keep mining. My only question is will the Satoshi limit ever be moved to allow for smaller and smaller transactions.
Juan Bell
>simple MongoDB query >MongoDB HAHAHAHAHA oh wow
Bentley Rodriguez
>Satoshi's innovation wasn't p2p cash - even though bitcoin can and is p2p cash especially in Layer 2 - it was inventing a digital sovereign bearer asset (pic related) 0xBTC on Ethereum is a much better design of this idea in theory because once Ethereum goes Proof of stake then you will have the EXACT same situation as Bitcoin (deflationary finite asset) but with all the advantages of being embedded into a proof of stake network and being able to interact with Ethereum based tokens and smart contracts.
>Regarding smart contracts - they are not as important as you might think. Tell me one use-case besides ICO that is actually used They arent being used yet but that's the whole point, is to have a system that gets them to the point of use. Our entire financial system is flooded with waste that automation can replace (like it is in most other industries) but effective usage and legal framework for smart contracts is going to be key to removing all human element of trust and input from the system. And right now the push to remove trust is just beginning, wait until we live in a world where the jews have to trust retarded brown goys to handle things. Yeah right lol, they're gonna DEMAND trustlessness at that point.
Consider this quote from Satoshi himself as well >Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years >arms race This phrase sticks out to me. I think the real accomplishment of Satoshi may not be Bitcoin itself but of just having started the crypto "arms race" in general.
Anyway, for the record I'm not a BTC classic hater I just foresee problems personally, I do hope that it finds a way to deal with them (just not optimistic)
Matthew King
Well that's why I said >I'm bullish as fuck on blockchain in the long run
This tech is going to be huge, I just don't believe it will always be BTC that is the focus
Robert Thompson
This. Buy Litecoin instead
Sebastian Reed
Thoth know the truth.
Look at coinmarketcap snapshots from 2013/2014. How many are still around? Altcoins might outperform BTC but you gotta ask yourself wether you fancy yourself as an investor or a greedy speculator. Sub-Satoshi payments up to 1/100 are already possible with lightning. To have a smaller denomination in the base protocol will require a hard fork and might be part of the hard fork to fix the 2038 bug (which will only affect Bitcoin in 2106). Guess what, Bitcoin will hard fork when there is a good reason to do so. There even is a hard fork wishlist with prospective changes. Merely changing to raise the block size parameter as 2X suggested would have been stupid and not worth the risk.
You imply Proof of Stake is superior. It isn’t. It wasn’t even ever tried st scale and there are many concerns regarding its sustainability and effectiveness to guarantee consensus. The Constantinople upgrade is a shitshow and 0x is still subject to benevolent dictator Vitalik run on a Blockchain without immutability. But you’re right regarding smart contract - the night benefit economy and society one day but it’s still early days. Let’s just hope Bitcoin will succeed in tackling its problems and that cryptocurrency is here to stay. But be advised; if Bitcoin ever fails it will kill the whole scene or at least set it back for decades to come.
Ayden Wilson
Craig wright
Stopped reading there, that fraudster is not satoshi nakamoto. Fuckoff. He literally went on stage with fake proofs trying to convince people he’s satoshi.
Ayden Allen
>Blockchain without immutability I've got news friend, regular Bitcoin isnt immutable either. The chain you know as BTC isnt even the original BTC chain.
And for what it's worth Ethereum seems pretty intent on never letting what happened with classic ever happen again, they've let multiple thefts occur since then without trying to change the chains.
And in theory proof of stake will be superior in terms of potential TPS throughput that's simply a function of computer science. Proof of stake however is a terrible awful way to distribute an asset.
>Sub-Satoshi payments up to 1/100 are already possible with lightning. And lightning man? Really you're cranking ETH about immutability then trying to pump lightning with all its issues of trust? Cmon now. Lightning network is already a bigger disaster than the constantinople hard fork by a long long shot, and Vitalik is hardly a benevolent dictator over ethereum anymore with all of the corporate involvement coming in (not that that's a good thing)
I will agree if BTC dies too hard too suddenly it would be bad but if we stopped correlating with BTC so hard on alts (which we were for awhile) eventually its possible that BTC will finally lose market dominance to a big degree and then the entire system may not rise and fall on it so much.
A big chunk of the reason everything depends on BTC is still because the use cases are so undeveloped that it's all so damn speculative and BTC just has the biggest history of speculation
I'll bet computers and the internet were like this shit but with IBM instead >if IBM shits the bed computers are done I'll bet anything somebody said that at somebody, you know they did
Ayden Cruz
The US gov is definitely harvesting crypto. Their server farms are in old telecom buildings and casinos.
Lucas Diaz
>implying NIST has any authority over or impact on Cryptocurrency whatsoever >not knowing they corrected their mistaken draft report just days after your shitty source posted that
Tell me more about those trust issues in lightning. I’ve been using it for months and none occurred to me.
