Tell me about Bitcoin

[Joshua01]

Hey,

Have any of you guys dipped your toe into the Bitcoin phenomenon? I'm thinking of moving some FRNs into Bitcoin. I've read the stuff online but wanted to reach out to you guys for your experience, advice, etc.

Anything in the way of guidance and experience you can offer would be appreciated

[Ponce]

"If you don't hold it, you don't own it" and bit coin is not only like holding paper but our dearest uncle knows all about it, and when the power goes out? then what?........ NO, buy what you can hold and keep at home.

V

[Serpo]

Look up bitgold instead.......https://www.bitgold.com/


(https://www.bitgold.com/)

[vacuum]

You can buy some here and open and account:
https://www.coinbase.com/home

I don't recommend you put anything into it that you couldn't afford to take a 100% loss on however. Maybe start out with $50 or $100.

There are two reasons:

(1) If you leave your bitcoin in coinbase, then you are treating coinbase like a bank and trusting them completely. If something ever happens to coinbase, you could lose access your bitcoins. It is exactly like a bank, you aren't "holding it". You can "hold it" though by transferring it into a wallet - software that runs on your pc. But then if something ever happens to your pc (hard drive crash, virus, hacking, accidental delete, etc) then you lose your coins as well. Unless you are technically savy, leave your bitcoins "in the bank" at coindesk.

(2) If you think silver has gut-wrenching price changes, then bitcoin is 100x worse. You simply don't know what will happen. Tomorrow you might lose 70% of the value, then a week later you could double it. You just have to not be concerned about the amount.

So that's my advice. Open a coinbase account with $50. Try transferring $10 of the $50 into a wallet running on your PC. Then transfer it from your pc back to your coinbase account. You can play around with it.

(Disclaimer, I've never used coinbase before, just screwed around with the pc-based wallet)

There are a number of pc-based wallets around. Electrum comes to mind, but there are others.

[Serpo]

My wallet become totally fuzked up and I lost what I had, it did show me that unless you know what you are doing on your computer its very vulnerable to your own stupidity (mine I mean)..............

I did find it over all a disturbing experience. And no way am I going down that path again.

Changing from one computer to another ,the wallet wasnt saved properly and phoof.

[madfranks]

I attached an article I wrote on bitcoin a while back, hopefully you might find it useful.

Spend some time reading the threads on bitcoin on this forum, you'll learn a lot just from that. The main reason I like bitcoins (and crypto in general) is that it is a perfect compliment to physical bullion. Gold/silver are material embodied and digitally independent, meaning their value is physical and they have no tie to anything digital at all. Conversely, bitcoin/litecoin are digital embodied and material independent, meaning their value is purely digital and they have no tie to anything physical. It's easy to envision scenarios where both would be beneficial. For example, for sending long distances, concealing, traveling, etc. bitcoins are superior to gold. For end of the world scenarios where the grid goes down, gold is superior to bitcoin. Why not have both?

Here's what I recommend. Download the bitcoin client, let it sync (might take over 24 hours), then buy some coins on coinbase and send them to your local wallet on your computer. Encrypt your wallet with a password. Back up your wallet. Email the encrypted wallet file to yourself so you can access it anywhere, anytime. Alternately, save a copy of your backed up wallet on a flash drive or two. Every time you add money to your bitcoin wallet back it up again, and re-email it to yourself or re-save it on the flash drive. That way you'll never lose your wallet.

[Ares]

Serpo Do you still have the previous wallet, I could help in recover it.

As was explained the price swings in Bitcoin are insane. It is not uncommon to have 100 dollar a day price swings. It has been more stable as of late (last year or so) and moving in somewhat stable direction. But if the blockchain has a hiccup or the core devs have a fight the price will go up or down drastically depending on that.

I personally use blockchain.info to store my bitcoins. I also use 2 factor authentication as well created a paper backup in case something were to happen with blockchain.infos website. I can still import them into a personal wallet on a PC or another wallet provider.

[Joshua01]

This is exactly why I reached out to you guys. I read the stuff online but wanted to get some feedback on what 'real' people had to say about it and what they have experienced. My thanks go out to you guys. I think I'll pass on BTC for now until I can get more familiar with and have a firmer grasp on the concept

[mamboni]

I attached an article I wrote on bitcoin a while back, hopefully you might find it useful.

Spend some time reading the threads on bitcoin on this forum, you'll learn a lot just from that. The main reason I like bitcoins (and crypto in general) is that it is a perfect compliment to physical bullion. Gold/silver are material embodied and digitally independent, meaning their value is physical and they have no tie to anything digital at all. Conversely, bitcoin/litecoin are digital embodied and material independent, meaning their value is purely digital and they have no tie to anything physical. It's easy to envision scenarios where both would be beneficial. For example, for sending long distances, concealing, traveling, etc. bitcoins are superior to gold. For end of the world scenarios where the grid goes down, gold is superior to bitcoin. Why not have both?

Here's what I recommend. Download the bitcoin client, let it sync (might take over 24 hours), then buy some coins on coinbase and send them to your local wallet on your computer. Encrypt your wallet with a password. Back up your wallet. Email the encrypted wallet file to yourself so you can access it anywhere, anytime. Alternately, save a copy of your backed up wallet on a flash drive or two. Every time you add money to your bitcoin wallet back it up again, and re-email it to yourself or re-save it on the flash drive. That way you'll never lose your wallet.

Excellent summation! Seems to me, notwithstanding the volatility, that BitCoin is the perfect way to smuggle wealth into and out of the country, be it over the internet to wallets overseas, of carrying a small well-disquised flash drive carrying 1000s of bitcoin files through any airport. Am I missing some wrinkle here?

[madfranks]

Excellent summation! Seems to me, notwithstanding the volatility, that BitCoin is the perfect way to smuggle wealth into and out of the country, be it over the internet to wallets overseas, of carrying a small well-disquised flash drive carrying 1000s of bitcoin files through any airport. Am I missing some wrinkle here?

I don't think you're missing anything, but you don't even need a flash drive or 1000's of files. Your wallet is one file, and that one file can contain a fraction of one bitcoin or thousands of bitcoins. For traveling, I would recommend storing your coins on a cloud-based wallet, then all you need is a password in your head, nothing physical at all. For long term storage, either keep the files on your local computer or make a "cold wallet" which is an offline wallet stored either in paper note or coin form. There are companies out there that make silver bullion BTC and LTC "cold wallets" where you have a bullion coin that also has an amount of crypto embedded in the coin. Here are a few examples:

https://www.alitinmint.com/Home/Index

http://lealana.com/

https://www.casascius.com/

Also, it certainly helps to understand the protocol behind the bitcoin network. In essence, imagine a warehouse filled with a thousand accountants all reviewing and verifying the same transactions. If one person tries to cheat (double spend coins, spend coins they don't have, hack their wallet to try and add coins), the other 999 accountants will not verify that transaction and it won't happen. The decentralization makes it an honest system.

Also, since I got into BTC back in 2012-13, ever since then when I read one of these articles about a guy getting busted trying to sneak gold across a national/tax border (http://www.bbc.com/news/world-asia-36192742) I wonder when they're going to wise up and realize that you can move your wealth way more stealthily by buying bitcoin and memorizing a password.

Check out https://blockchain.info/ and make a wallet for free. PM me your bitcoin address and I'll send you a token amount that you can play with. You don't have to worry about anonymity because your wallet is literally just a string of random letters and numbers. No name or phone number is linked to your wallet, that's why people on the black markets of the internet use it, because it's essentially untraceable.

[Blink]

People like to talk about "sending it anywhere". I don't know about the rest of you high rollers, but I never "send" my money across the world and I'm sure most of middle America doesn't either (you can still use money orders/CC). Sounds like everyone is thinking of smuggling money? Huh? There is no running from this financial armageddon headed our way (its like hiding in SA these days, they'll find you). When they are talking about currency issues (worldwide), the last thing I want my wealth stored in is a digital format, subject to someone's back door pilfering.......

It all comes down to trust (hasn't it always?). In light of what we see happening, do you really want to store your wealth under someone else's control? Or do you think you'll have a chance to escape the calamity and move your wealth digitally across the world. Dreams people, dreams.......

Besides, the vast majority would be screwing this up royally (too techy). Its not as foolproof as you all seem to imagine (wishful thinking unless you built the f*cking thing). You're not experts on this or you would have invented it yourself. So please, as least quit with the "foolproof"/"unbreakable" bullsh*t and stick to what you know.....

[Jewboo]

Excellent summation! Seems to me, notwithstanding the volatility, that BitCoin is the perfect way to smuggle wealth into and out of the country, be it over the internet to wallets overseas, of carrying a small well-disguised flash drive carrying 1000s of bitcoin files through any airport. Am I missing some wrinkle here?



All local PM dealers are required by law to photostat our Drivers License whenever we "sell" anything. Ditto pawn shops etc. Sell one gold or silver coin and your local police know about who you are and where you live. Plenty of stories of armed robberies while trying to "exchange" or "barter" stuff for cash. Armed robberies are now so common that exchange zones near police stations are becoming normal:




All sales final: Cities provide e-commerce zones to thwart crime

http://www.ktvb.com/news/nation-now/all-sales-final-cities-provide-ecommerce-zones-to-thwart-crime/147454550

Meridian police offer exchange zone for online purchases

http://www.ktvb.com/news/local/meridian-police-offer-exchange-zone-for-online-purchases/152854816





The problem with being a recreational pot smoker is associating with drug dealers. The problem with barter and exchange is the common risk of armed robberies or home invasions. The problem with "smuggling" wealth in or out of the USA is trying to convert it to a usable currency so you can buy what you need without getting arrested and jailed or blackmailed. For the sake of argument, say you arrive in some country with this stuffed with BitCoins:


http://www.igcseict.info/theory/3/solid/files/stacks_image_2493.png




How would you actually buy the stuff you need daily without being robbed, home invaded, or arrested?

:)

[ximmy]

Be prepared to lose any bitcoin you purchase... usually by theft.

[madfranks]

Be prepared to lose any bitcoin you purchase... usually by theft.

Using your same logic, be prepared to lose any gold and silver you purchase, usually by theft as well.

[ximmy]

Using your same logic, be prepared to lose any gold and silver you purchase, usually by theft as well.

Let me clarify... cyber theft.

[Jewboo]

Using your same logic, be prepared to lose any gold and silver you purchase, usually by theft as well.

Murder
On August 27, 1995, O'Hair, her son Jon, and granddaughter Robin suddenly disappeared. The door to the office of American Atheists was locked with a typewritten note attached (apparently with Jon's signature), stating, "The Murray O'Hair family has been called out of town on an emergency basis. We do not know how long we will be gone at the time of the writing of this memo." When O'Hair's home was entered, breakfast dishes were sitting on the table; her diabetes medication was on the kitchen counter, and her dogs had been left behind without a caregiver.

In phone calls a few days later, the trio claimed that they were on "business" in San Antonio, Texas. A few days later, Jon ordered $600,000 worth of gold coins from a San Antonio jeweler but took delivery of only $500,000 worth of coins.

Until September 27, American Atheists employees received several phone calls from Robin and Jon, but neither would explain why they left or when they would return; while they said nothing was amiss, their voices sounded strained and disturbed. After September 28, no further communication came from any of the O'Hairs.

Investigation and arrests
Ultimately, the murder investigation focused on David Roland Waters, who had worked as a typesetter for American Atheists. Not only did Waters have previous convictions for violent crimes, there were several suspicious burglaries during his tenure, and he had pleaded guilty earlier in 1995 to stealing $54,000 from American Atheists. Shortly after his theft of the $54,000 was discovered, O'Hair had written a scathing article in the 'Members Only' section of the American Atheists newsletter exposing Waters, the theft and Waters' previous crimes, including a 1977 incident in which Waters allegedly beat and urinated upon his mother. Waters' girlfriend later testified that he was enraged by O'Hair's article, and that he fantasized about torturing her in gruesome ways.

The police concluded that Waters and his accomplices had kidnapped all three O'Hairs, forced them to withdraw the missing funds, gone on several huge shopping sprees with the O'Hairs' money and credit cards, and then murdered and dismembered all three people. Waters' accomplices included Gary Paul Karr and Danny Fry. A few days after the O'Hairs were killed, Fry was murdered by Waters and Karr. Fry's body was found on a riverbed with his head and hands severed and missing. His body remained unidentified for three and a half years.

In January 2001, Waters informed the police that the O'Hairs were buried on a Texas ranch, and he subsequently led them to the bodies. When the police excavated there, they discovered that the O'Hairs' bodies had been cut into dozens of pieces with a saw. The remains exhibited such extensive mutilation and successive decomposition that identification had to be made through dental records, by DNA testing and, in Madalyn O'Hair's case, by the serial number of her prosthetic hip. The head and hands of Danny Fry were also found at the site.

The gold coins extorted from the O'Hairs were put in a storage locker rented by Waters' girlfriend. Waters had taken out $80,000 and partied with his girlfriend for a few days, but upon his return he discovered that the remaining $420,000 had been stolen. A group of thieves operating in that area had a master key to the type of lock that Waters used to secure the locker. In the course of their activities, they came across the locker, used the master key to open it, and found a suitcase full of gold coins. They eventually spent all but one, which the police recovered.



http://uscyberlabs.com/blog/wp-content/uploads/2012/11/bitcoin-gollum.jpg

[mamboni]

so any time one is trying to convert a valuable to cash he becomes a potential target.

yes, these concerns have weighed on me for years. I never used Craigs list to sell for these reasons.

i dont trust the police or anyone else with specific knowledge of my valuables.

We all live in some degree of fear.

Vigilance is required at all times.

[madfranks]

so any time one is trying to convert a valuable to cash he becomes a potential target.

yes, these concerns have weighed on me for years. I never used Craigs list to sell for these reasons.

i dont trust the police or anyone else with specific knowledge of my valuables.

We all live in some degree of fear.

Vigilance is required at all times.Exactly. No matter how you store your wealth, you should do your due diligence to protect it. Ximmy notes the concerns for cyber theft of bitcoins, which correlates with the concerns for physical theft of gold/silver bullion. You can take safeguards to reduce the possibility of theft of your valuables, but unfortunately it is a fact of life that it is impossible to completely eliminate such risk.

[monty]

All local PM dealers are required by law to photostat our Drivers License whenever we "sell" anything. Ditto pawn shops etc. Sell one gold or silver coin and your local police know about who you are and where you live. Plenty of stories of armed robberies while trying to "exchange" or "barter" stuff for cash. Armed robberies are now so common that exchange zones near police stations are becoming normal.

:)

Is that Idaho law? A few years ago I needed some cash. I sold 600 ounces of silver to Northwest Territorial Mint. I did have to give them my name and mailing address for the check. I don't know if they made a report to the government, but my bank asked 40 jillion questions about where the money originated per Uncle Sam's money laundering reporting requirements because it was more than $10,000.00.

[PatColo]

https://i.ytimg.com/vi/fOGGTjY-89I/hqdefault.jpg?custom=true&w=336&h=188&stc=true&jpg444=true&jpgq=90&sp=68&sigh=JzlqqpHszFAELbUCYW_QPioFAF8 (https://www.youtube.com/watch?v=fOGGTjY-89I) 1:02
Sending Bitcoin: Way Easier Than It Used To Be (https://www.youtube.com/watch?v=fOGGTjY-89I)

5,302 views
2 days ago

[monty]

@Ares, what is the significance of this? https://www.facebook.com/debbie.aileen.5/posts/1899243773652082


https://www.gannett-cdn.com/-mm-/57bc7da12f4c0397e640720a45980a7f6c051dbc/c=462-0-4174-2791&r=x404&c=534x401/local/-/media/2017/02/07/USATODAY/USATODAY/636220661244397847-AP-Obama-Branson.2.jpg

Obama kiteboards with Richard Branson on epic vacation (http://Obama kiteboards with Richard Branson on epic vacation)


News Feed



https://scontent.fbog2-1.fna.fbcdn.net/v/t1.0-1/p50x50/12227594_1666935976882864_9092258200127138102_n.jp g?oh=3305e59b6281c930262d23f052981cfa&oe=5988F8A2
(https://www.facebook.com/debbie.aileen.5?fref=nf)

Debbie Aileen (https://www.facebook.com/debbie.aileen.5?fref=nf)

April 13 at 6:53am (https://www.facebook.com/photo.php?fbid=1899243686985424&set=a.1485702471672883.1073741829.100006994322813&type=3) ·

This is very interesting to me about Bitfury as you will see whom is involved in it Richard Branson, some from Clinton's fad, one with DNC and they are signing Ukraine on as well as other countries plus maybe our country too. Check these out just is fishy to me

Richard Branson: Blockchain could create ‘economic revolution’ in emerging markets

Blockchain technology could bring an "economic revolution" in many developing countries where proving ownership of assets or getting access to capital is difficult, Virgin Group founder and billionaire entrepreneur Richard Branson said on Monday.

Branson referenced the work of well-known economist Hernando de Soto, who recently announced a partnership wtih bitcoin and blockchain company BitFury and the Republic of Georgia's National Agency of Public Registry, to trial a land titling program. (click link below this line to continue)

http://www.cnbc.com/…/richard-branson-blockchain-could-crea… (https://l.facebook.com/l.php?u=http%3A%2F%2Fwww.cnbc.com%2F2016%2F10%2F03 %2Frichard-branson-blockchain-could-create-economic-revolution-in-emerging-markets.html&h=ATMeA4BPB30LyxslYRzxkagv4-fG_rqH3wXzso3QXfLkIumTLqd2R7MA_bRGR7KZEXj3ffHvVOD_ wg0coR-ZH93Tc92_6fWiR2DBUz5GONn1vtnozWidqN1y0qbsw2q-zR8&enc=AZOyqqjZQRkZl3WkwqmtO9gp-9iu0IZK6glxFKMIBrN_ySkA9ng-_FaHEC2HB0quQjIh58jDuq6fRU13fFBFWn-A6Pd4fZ_QCJAhYayCuGGEP-osmnjoW0X5Ziqjm0yQ72JGh4TZDHQvnM-2Q49oEfx1kpVSoO2uRq_wbz1RZpX480lgh6PdaL9KGsZ1BG55a ao_CcirN0NsnQt-pDImJwul&s=1)
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Global Blockchain Business Council (GBBC) Launches New US Branch in Washington, DC, Announces New Board at Kickoff Event

“In the next 5–10 years, it is likely that Blockchain technology will fundamentally alter the way we do business; by reducing friction and costs associated with digital transactions, this technology has the power to open the global economy to billions who are currently excluded — the GBBC will be essential to making these possibilities a reality” said Valery Vavilov, CEO of The Bitfury Group and GBBC Board Member.(click link below this line to continue)

https://medium.com/…/global-blockchain-business-council-gbb… (https://l.facebook.com/l.php?u=https%3A%2F%2Fmedium.com%2F%40BitFuryGroup %2Fglobal-blockchain-business-council-gbbc-launches-new-us-branch-in-washington-dc-announces-new-1cf492e8cb64&h=ATNOX-kypJuXLliGUZpMiNXCDf6ECINAQV6e8Yg3ZeRvVft8s31LLmku ELpBjfbG73_o0z3lNuguGqWSc5alSgI6ug9ve7aYrLAzBWYJNE zKA-8rvPsO1brQpulaz4ojqoM&enc=AZNcmZR3FPtR2NXdbK41TaWJjqwte_ylVeLnGDuk7d1KkP VmGEBh7MbjbScEdxoYtOnRUtt7NteGUdge0oFAlj6aQijoCd1g WyDUNHOW77JHL5PxF8ql7pCk55N_JSWzSSJUpAB_918Rith03G OghSnh70jtd1jYT5tByBubrZghxKPMaK5jjnBD6b1WeKD5ZHLD 93KWxo8DD797D1E4LDu0&s=1)
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BREAKING NEWS: Blockchain Trust Accelerator Announces New Blockchain Pilot Project with TechSoup
TechSoup operates the world’s leading registry of verified civil society organizations. The platform is critical to the thousands of donors, socially responsible programs, and social benefit organizations that rely on its architecture to help match philanthropic resources with critical community needs in countries around the world.(click link below this line to continue)

https://medium.com/…/breaking-news-blockchain-trust-acceler… (https://l.facebook.com/l.php?u=https%3A%2F%2Fmedium.com%2F%40BitFuryGroup %2Fbreaking-news-blockchain-trust-accelerator-announces-new-blockchain-pilot-project-with-techsoup-232401f179e6&h=ATM67nposJvuspgmMevnSsWMZawPQBErzclphTrZh_lqmhRw tJwdOR6DIuupiaA-cJ_fIP1E7Yc94YCBAlR5DPmML2A7RHrV9pdA1Cv8CFdBLT7HSR 9HVZigQJ-fh_GodtA&enc=AZOuhyJimwOzpfJJ3M6y094-fk7Nw0b6v7z18bjuY-ngehgVMiW8-yI510O0l3K2hpXGDAPJpWomS1NLvWOF6bW-YaXuReWAE8CigDPIaJP0p1dHpgHGALqIiwcG7hqAAXQL1LPGSd Cka0YF-123YLp-cHeR35qWqzF5Y04e2iWNWxQUrR9uDSqU9GWhsFzd6RyhlIqh6O thjOAjiwYD_kE0&s=1)
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Bitfury to Present Blockchain at Clinton Global Initiative Meeting

"The problem is that up to 5 billion people around the world are not documented in national ledgers."
Bitcoin mining giant and transaction processing company BitFury Group has revealed today that its advisory board member and economist, Dr. Hernando de Soto, as well as its Chief Communications Officer, Jamie Smith, will present at the Clinton Global Initiative (CGI) Annual Meeting. They will speak in a session called “Connectivity” and will discuss the current and future power and potential of Blockchain technology, highlighting how it can enhance opportunity, increase transparency and reduce corruption.

(click link below this line to continue)( it takes a few seconds for article to come up)

http://www.financemagnates.com/…/bitfury-to-present-blockc…/ (https://l.facebook.com/l.php?u=http%3A%2F%2Fwww.financemagnates.com%2Fcry ptocurrency%2Fnews%2Fbitfury-to-present-blockchain-at-clinton-global-initiative-meeting%2F&h=ATN5j28vXq-BHiu3TGy6QYdtSOisOy_m_modAsW0OpeGegLSwh0FvvpVB7p9C bz7wjhY6bP15Ul9C-yj-PBuxKyC4SARuZnCqPGa6qnp2Mjx9zKZfcaqHZDPojicAgIhSps&enc=AZN4aNGwA-1CxjrTJFVULILz_CiVDt3Ca1FXyZq8X9qyhaYEE3xmao849N3u y6ko1nzI7veqBRepGmIMfmUOZrY0VSA3ksLzIsEQjTPXx90E7h 9QcDn_3_w1votZ_04YAQaA3bU9BaZGoofba-ZytaEbv9KA3AF4iYD2rPf4ecMmNXlScMaAFpfJmu2CbSlVyXQT eF0OPyagBA8d4KJHkekC&s=1)
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The BitFury Group Adds Dr. Tomicah Tillemann of New America to Advisory Board (click link below this line to continue)

http://bitfury.com/…/3_23_16_release_bitfury_group_add_dr_t… (https://l.facebook.com/l.php?u=http%3A%2F%2Fbitfury.com%2Fcontent%2F4-press%2F3_23_16_release_bitfury_group_add_dr_tomic ah_tillemann_to_advisory_board.pdf&h=ATOVSzHlUccvTXMAp6JCA5FK5DWZXiZiSR5Rbx1oamCmkCNl TGxBdQ-reKCgQH6HSrYcp2g7fa9g6vZJsrXP7Q0j8fclXmjVKCIJVeoyw 9KoATisEaHoWgydwCwiP3zuQ4c&enc=AZO4Tjr85RkKh63Tul1ouDjoPnuPrvMqXvHA0nSz_S3IR9 JhmZVAs72pa93JLNMuKN1nDRyW85km9S6dlAqraeKDVDJuQPrt wvUTIVu8kaCN65_SVJIeNMFqdGJ0oGdaLaK0VXF8SFXP6vorLs mcnW3p2xrUcW-FVjZmL8ayQ34qTlHVORGhGMAF-XTdaKfAj1F7IPddj_844HZp_SKp_X3j&s=1)
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Bitfury Group (please read this it is the site for Bitfury)

http://bitfury.com/ (https://l.facebook.com/l.php?u=http%3A%2F%2Fbitfury.com%2F&h=ATPLfQkOptcM4fIQjNrWv724ak2jj-0s-S_A0OZLwulWDOASZiRv-G8vQznOcPGBx5sDUyZ_J8QAwGq80hUL3aOlKIHm9aUkMa9rEit O9aenmLycFM7_ot1brLx_v_5W2dI&enc=AZPCYR4DSOaYhb2A5NiWkxAFvyDF6tdzguBQXI2f_VqMph 3OcWzopZTNNDMeD2aRRoBDK2fGLB_ET6IB2sf8dpgQ5xL82Md0 1N_-LgDQFLrV0henmqzq1M_wGLMavs0vq_F5M6BORx9PL3z9XrS3kV PHlZl28jK11YizZKuBYYKXV6vjmATZ9FQFPNuJqHh59a9dXu2B mfgsty6cmmp0Dq1q&s=1)

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[monty]

Ukraine to launch big blockhain deal with tech firm Bitfury (http://mix929.com/news/articles/2017/apr/13/ukraine-to-launch-big-blockhain-deal-with-tech-firm-bitfury/)

[Glass]

so bitfury is going to be the medium of choice for traffickers of all kinds.....hmmm

[monty]

Nobody seems to be alarmed over the government's involvement with Bitfury . . .

...https://www.reddit.com/r/btc/comments/58ttsv/a_look_at_dcg_bitfurys_incestuous_ties_with_the/...

[Glass]

I'm not sure I get the full premise of this article. Perhaps you guys can add your thoughts?


Is This Bitcoin's Fatal Flaw?

Bitcon has been rocketing higher lately, as it gains widespread official approval and more people figure out how to use it.

As the first of its kind to emerge, bitcoin has become synonymous with “cryptocurrency”. But lately it’s been joined by a lot of others – which together now account for more than half of the cryptocurrency ecosystem:

For First Time, Bitcoin Accounts for Less Than Half Of Market Cap Of All Cryptocurrencies (https://www.forbes.com/sites/laurashin/2017/05/16/for-first-time-bitcoin-accounts-for-less-than-half-of-market-cap-of-all-cryptocurrencies/#66b9be026fbe)
(Forbes) – For the first time, Bitcoin’s market capitalization as a percentage of all cryptocurrencies has dropped to below 50%.

It is a symbolic turning point for the first cryptocurrency, which for a long time accounted for more than 90% of the value of all blockchain-based assets combined, particularly through a period when so-called alt-coins that were only minor tweaks to bitcoin proliferated.

Its market capitalization then comprised over 80% of all cryptocurrencies for years, a range that held true until two months ago when it dipped below 80% and not only did not recover but did a quick dive straight down.

Several factors are driving the drop from its status as the clear leader.

1. Bitcoin’s development is stalled.
2. Ethereum continues to grow.
3. New ICOs add value to the crypto space every day.
4. Speculation is driving up the value of all tokens.
5. Ripple is seeing a big spike.
7. Tezos is about to launch.

Those increasingly common predictions of bitcoin going to $20,000 or more are premised on the fact that its algorithm limits its supply. There are many more ounces of gold, for instance, than there are bitcoins, which implies that bitcoin should ultimately trade at a (possibly substantial) multiple of gold’s price.

Each of these points has a paragraph or more discussing them at the link.
http://www.zerohedge.com/news/2017-05-18/bitcoins-fatal-flaw

I don't see that you can really draw a conclusive comparison with PM's and BTC. Primarily because BTC has a fixed known supply limitation even if not all of it has been put into circulation yet. While PM's are also limited in accessibility they are not necessarily limited in supply like BTC is. We just don't know how much PM's there is ultimately going to be, even if we do conclude ultimate supply is limited to a maximum amount.

On the other hand, given human propensity to inflate everything, even if it means decreasing quality and value with each unit of inflation, other Crypto's have the potential to draw demand from BTC simply because it's easier to get.

This is probably the point closest to where PM's and BTC can be compared. Not in their individual availability but in the comparative scarcity compared to other options that are here now and those coming. Because we know that bankers will inflate as much as they desire to capture the energy and productivity of the people for themselves. When they get a crypto into operation it will be geared for their benefit and ultimately be junk.

Does that make sense? Stand up to scrutiny? I'm curious because I've had a few people ask me if I know anything about crypto currencies. It's hard to describe without trying to explain fiat money concepts and why bitcoin is something because it is limited supply. This makes no sense to the average person... assuming I'm talking to average people. Perhaps they aren't.

[Ares]

@Ares, what is the significance of this? https://www.facebook.com/debbie.aileen.5/posts/1899243773652082


https://www.gannett-cdn.com/-mm-/57bc7da12f4c0397e640720a45980a7f6c051dbc/c=462-0-4174-2791&r=x404&c=534x401/local/-/media/2017/02/07/USATODAY/USATODAY/636220661244397847-AP-Obama-Branson.2.jpg

Obama kiteboards with Richard Branson on epic vacation (http://Obama kiteboards with Richard Branson on epic vacation)


News Feed



https://scontent.fbog2-1.fna.fbcdn.net/v/t1.0-1/p50x50/12227594_1666935976882864_9092258200127138102_n.jp g?oh=3305e59b6281c930262d23f052981cfa&oe=5988F8A2
(https://www.facebook.com/debbie.aileen.5?fref=nf)

Debbie Aileen (https://www.facebook.com/debbie.aileen.5?fref=nf)

April 13 at 6:53am (https://www.facebook.com/photo.php?fbid=1899243686985424&set=a.1485702471672883.1073741829.100006994322813&type=3) ·

This is very interesting to me about Bitfury as you will see whom is involved in it Richard Branson, some from Clinton's fad, one with DNC and they are signing Ukraine on as well as other countries plus maybe our country too. Check these out just is fishy to me

Richard Branson: Blockchain could create ‘economic revolution’ in emerging markets

Blockchain technology could bring an "economic revolution" in many developing countries where proving ownership of assets or getting access to capital is difficult, Virgin Group founder and billionaire entrepreneur Richard Branson said on Monday.

Branson referenced the work of well-known economist Hernando de Soto, who recently announced a partnership wtih bitcoin and blockchain company BitFury and the Republic of Georgia's National Agency of Public Registry, to trial a land titling program. (click link below this line to continue)

http://www.cnbc.com/…/richard-branson-blockchain-could-crea… (https://l.facebook.com/l.php?u=http%3A%2F%2Fwww.cnbc.com%2F2016%2F10%2F03 %2Frichard-branson-blockchain-could-create-economic-revolution-in-emerging-markets.html&h=ATMeA4BPB30LyxslYRzxkagv4-fG_rqH3wXzso3QXfLkIumTLqd2R7MA_bRGR7KZEXj3ffHvVOD_ wg0coR-ZH93Tc92_6fWiR2DBUz5GONn1vtnozWidqN1y0qbsw2q-zR8&enc=AZOyqqjZQRkZl3WkwqmtO9gp-9iu0IZK6glxFKMIBrN_ySkA9ng-_FaHEC2HB0quQjIh58jDuq6fRU13fFBFWn-A6Pd4fZ_QCJAhYayCuGGEP-osmnjoW0X5Ziqjm0yQ72JGh4TZDHQvnM-2Q49oEfx1kpVSoO2uRq_wbz1RZpX480lgh6PdaL9KGsZ1BG55a ao_CcirN0NsnQt-pDImJwul&s=1)
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Global Blockchain Business Council (GBBC) Launches New US Branch in Washington, DC, Announces New Board at Kickoff Event

“In the next 5–10 years, it is likely that Blockchain technology will fundamentally alter the way we do business; by reducing friction and costs associated with digital transactions, this technology has the power to open the global economy to billions who are currently excluded — the GBBC will be essential to making these possibilities a reality” said Valery Vavilov, CEO of The Bitfury Group and GBBC Board Member.(click link below this line to continue)

https://medium.com/…/global-blockchain-business-council-gbb… (https://l.facebook.com/l.php?u=https%3A%2F%2Fmedium.com%2F%40BitFuryGroup %2Fglobal-blockchain-business-council-gbbc-launches-new-us-branch-in-washington-dc-announces-new-1cf492e8cb64&h=ATNOX-kypJuXLliGUZpMiNXCDf6ECINAQV6e8Yg3ZeRvVft8s31LLmku ELpBjfbG73_o0z3lNuguGqWSc5alSgI6ug9ve7aYrLAzBWYJNE zKA-8rvPsO1brQpulaz4ojqoM&enc=AZNcmZR3FPtR2NXdbK41TaWJjqwte_ylVeLnGDuk7d1KkP VmGEBh7MbjbScEdxoYtOnRUtt7NteGUdge0oFAlj6aQijoCd1g WyDUNHOW77JHL5PxF8ql7pCk55N_JSWzSSJUpAB_918Rith03G OghSnh70jtd1jYT5tByBubrZghxKPMaK5jjnBD6b1WeKD5ZHLD 93KWxo8DD797D1E4LDu0&s=1)
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BREAKING NEWS: Blockchain Trust Accelerator Announces New Blockchain Pilot Project with TechSoup
TechSoup operates the world’s leading registry of verified civil society organizations. The platform is critical to the thousands of donors, socially responsible programs, and social benefit organizations that rely on its architecture to help match philanthropic resources with critical community needs in countries around the world.(click link below this line to continue)

https://medium.com/…/breaking-news-blockchain-trust-acceler… (https://l.facebook.com/l.php?u=https%3A%2F%2Fmedium.com%2F%40BitFuryGroup %2Fbreaking-news-blockchain-trust-accelerator-announces-new-blockchain-pilot-project-with-techsoup-232401f179e6&h=ATM67nposJvuspgmMevnSsWMZawPQBErzclphTrZh_lqmhRw tJwdOR6DIuupiaA-cJ_fIP1E7Yc94YCBAlR5DPmML2A7RHrV9pdA1Cv8CFdBLT7HSR 9HVZigQJ-fh_GodtA&enc=AZOuhyJimwOzpfJJ3M6y094-fk7Nw0b6v7z18bjuY-ngehgVMiW8-yI510O0l3K2hpXGDAPJpWomS1NLvWOF6bW-YaXuReWAE8CigDPIaJP0p1dHpgHGALqIiwcG7hqAAXQL1LPGSd Cka0YF-123YLp-cHeR35qWqzF5Y04e2iWNWxQUrR9uDSqU9GWhsFzd6RyhlIqh6O thjOAjiwYD_kE0&s=1)
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Bitfury to Present Blockchain at Clinton Global Initiative Meeting

"The problem is that up to 5 billion people around the world are not documented in national ledgers."
Bitcoin mining giant and transaction processing company BitFury Group has revealed today that its advisory board member and economist, Dr. Hernando de Soto, as well as its Chief Communications Officer, Jamie Smith, will present at the Clinton Global Initiative (CGI) Annual Meeting. They will speak in a session called “Connectivity” and will discuss the current and future power and potential of Blockchain technology, highlighting how it can enhance opportunity, increase transparency and reduce corruption.

(click link below this line to continue)( it takes a few seconds for article to come up)

http://www.financemagnates.com/…/bitfury-to-present-blockc…/ (https://l.facebook.com/l.php?u=http%3A%2F%2Fwww.financemagnates.com%2Fcry ptocurrency%2Fnews%2Fbitfury-to-present-blockchain-at-clinton-global-initiative-meeting%2F&h=ATN5j28vXq-BHiu3TGy6QYdtSOisOy_m_modAsW0OpeGegLSwh0FvvpVB7p9C bz7wjhY6bP15Ul9C-yj-PBuxKyC4SARuZnCqPGa6qnp2Mjx9zKZfcaqHZDPojicAgIhSps&enc=AZN4aNGwA-1CxjrTJFVULILz_CiVDt3Ca1FXyZq8X9qyhaYEE3xmao849N3u y6ko1nzI7veqBRepGmIMfmUOZrY0VSA3ksLzIsEQjTPXx90E7h 9QcDn_3_w1votZ_04YAQaA3bU9BaZGoofba-ZytaEbv9KA3AF4iYD2rPf4ecMmNXlScMaAFpfJmu2CbSlVyXQT eF0OPyagBA8d4KJHkekC&s=1)
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The BitFury Group Adds Dr. Tomicah Tillemann of New America to Advisory Board (click link below this line to continue)

http://bitfury.com/…/3_23_16_release_bitfury_group_add_dr_t… (https://l.facebook.com/l.php?u=http%3A%2F%2Fbitfury.com%2Fcontent%2F4-press%2F3_23_16_release_bitfury_group_add_dr_tomic ah_tillemann_to_advisory_board.pdf&h=ATOVSzHlUccvTXMAp6JCA5FK5DWZXiZiSR5Rbx1oamCmkCNl TGxBdQ-reKCgQH6HSrYcp2g7fa9g6vZJsrXP7Q0j8fclXmjVKCIJVeoyw 9KoATisEaHoWgydwCwiP3zuQ4c&enc=AZO4Tjr85RkKh63Tul1ouDjoPnuPrvMqXvHA0nSz_S3IR9 JhmZVAs72pa93JLNMuKN1nDRyW85km9S6dlAqraeKDVDJuQPrt wvUTIVu8kaCN65_SVJIeNMFqdGJ0oGdaLaK0VXF8SFXP6vorLs mcnW3p2xrUcW-FVjZmL8ayQ34qTlHVORGhGMAF-XTdaKfAj1F7IPddj_844HZp_SKp_X3j&s=1)
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Bitfury Group (please read this it is the site for Bitfury)

http://bitfury.com/ (https://l.facebook.com/l.php?u=http%3A%2F%2Fbitfury.com%2F&h=ATPLfQkOptcM4fIQjNrWv724ak2jj-0s-S_A0OZLwulWDOASZiRv-G8vQznOcPGBx5sDUyZ_J8QAwGq80hUL3aOlKIHm9aUkMa9rEit O9aenmLycFM7_ot1brLx_v_5W2dI&enc=AZPCYR4DSOaYhb2A5NiWkxAFvyDF6tdzguBQXI2f_VqMph 3OcWzopZTNNDMeD2aRRoBDK2fGLB_ET6IB2sf8dpgQ5xL82Md0 1N_-LgDQFLrV0henmqzq1M_wGLMavs0vq_F5M6BORx9PL3z9XrS3kV PHlZl28jK11YizZKuBYYKXV6vjmATZ9FQFPNuJqHh59a9dXu2B mfgsty6cmmp0Dq1q&s=1)

https://scontent.fbog2-1.fna.fbcdn.net/v/t1.0-0/s480x480/17862703_1899243686985424_4266604712433239919_n.jp g?oh=92173cb58c8c03263e44b30dfb088f4a&oe=59549091
(https://www.facebook.com/photo.php?fbid=1899243686985424&set=a.1485702471672883.1073741829.100006994322813&type=3)

38 Shares (https://www.facebook.com/debbie.aileen.5/posts/1899243773652082?comment_tracking=%7B%22tn%22%3A%2 2O%22%7D)



Sounds like Ethereum (Contract based blockchain). Instead of using a 3rd party to secure the contract, use the blockchain as the trusted 3rd party to secure the agreement. I see blockchain doing more and more of that in the coming years, watch banks, and mortgage companies drastically reduce their prices to try and compete.

[Glass]

Up and down $400 in a single day = no change in price trend BUT it's a good cue for some BitCoin DOOOOOM


Bitcoin plummets nearly $400 just HOURS after Health Ranger warned of “catastrophic correction”

File this under the “I told you so” category: Earlier today, I posted a detailed mathematical analysis and warning (http://www.naturalnews.com/2017-05-24-do-the-math-heres-the-rational-analysis-why-99-of-current-bitcoin-owners-will-never-be-able-to-sell-bitcoins-for-anything-close-to-the-imagined-current-value.html) that spoke of a “catastrophic collapse” that will occur in Bitcoin. I was immediately called an “idiot” by Bitcoin cultists who have become delusional in their faith that Bitcoin can only go up forever. Yet in less than two hours, Bitcoin crashed by almost $400, plummeting from almost $2750 to nearly $2350 (see chart below).

Meanwhile, Coinbase has become a total joke, seizing up private accounts and denying people access to their Bitcoins for days on end (possibly WEEKS, for all we know). The blockchain is being overrun with unprecedented trading volume, and the confirmation transaction premium keeps rising. It now costs an average of nearly $17 just to send any amount of Bitcoin to anyone, and many transactions are taking DAYS to get confirmed. In a panic selloff, it will easily cost you $100 just to sell any amount of Bitcoin.

Oblivious to risk, the zombie speculator class of newbie fools is buying into Bitcoin under the absurd impression that they can all wait for it to rise to incredible valuations, then sell at the top and convert Bitcoin into their local fiat currency.

As I explained in my analysis, 99% of them are wrong (http://www.naturalnews.com/2017-05-24-do-the-math-heres-the-rational-analysis-why-99-of-current-bitcoin-owners-will-never-be-able-to-sell-bitcoins-for-anything-close-to-the-imagined-current-value.html). These newbies have no clue what crypto currency is, and they have no idea how hard it is to sell Bitcoin during a panic selloff. I’ve mined Bitcoin for years and I understand the blockchain, peer-to-peer crypto currency and transactional bottlenecks, yet the average Bitcoin newbie just entering the market right now has ZERO understanding of any of those key concepts. (They think Bitcoin is like a corporate stock that can be easily bought and sold with high fluidity.)

The most sensible thing said so far:

In case you haven’t yet figured this out, Bitcoin is not a “save haven” for storing assets. If you currently own Bitcoin, you may wish to buy gold with Bitcoin and exit the Bitcoin frenzy by converting your crypto currency into physical precious metals (which, amazingly, don’t disappear in a panic).
But remember, store of wealth. Not speculative investment for wealth creation.


. The smart people are the early Bitcoin adopters who are now SELLING to the newbs and banking real profits
http://www.naturalnews.com/2017-05-25-bitcoin-plummets-catastrophic-correction-health-ranger.html

Interesting second article "illustrating" why BTC will go to zero when people make a run on BTC and try to sell just 1% - 2% of BTC in circulation
http://www.naturalnews.com/2017-05-24-do-the-math-heres-the-rational-analysis-why-99-of-current-bitcoin-owners-will-never-be-able-to-sell-bitcoins-for-anything-close-to-the-imagined-current-value.html

300,000 transactions per day and the system has slowed to a crawl.
It costs $17 for every BTC transaction
Doesn't mention:
BTC is under massive continual DDoS
BTC does not have enough active nodes for clearing
Everyone wants the BTC but no one wants to help support it.
Market value of BTC is proportional to the number of BTC yet to be mined.
This is not driven by market demand but by the BTC system itself which inflicts various value adjustments on mining rewards when certain mining milestones are reached.
The price of BTC adjusts to reflect this situation.

While ground floor holders who kept the faith can unload or stay faithful, I think newcomers should be flippers. Mine and flip. Convert to something else. The investment and overhead to mining is so significant now, it might not even be worth that. There is ROI but potential problems should be considered. On a cost benefit you might trade off the potential problems to encounter while trying to increase your money by 50% with the zero risk of storing the money you do have in a commodity.

BTW John Mcaffee says he's pulling $100K USD per month in BTC mining. Not sure what the spend would be in Washington but it might be as high as $65K/mth.

[PatColo]

vlogger (((David Seaman))); tragically conflicted pro-gold/sound money, anti-Rothschild/NWO (he doesn't, or pretends he doesn't, recognize that it's the JWO), pro-izzy/zion dude. His fellow tribesman Bill Still suffers under the burden of the same conflict... :(

https://i.ytimg.com/vi/9ECZp0sznP8/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLCe6dI2lhlFpDGjcYWc41e5kwQRzA (https://www.youtube.com/watch?v=9ECZp0sznP8) 27:00
Google Invests In Bitcoin / Cryptocurrency! (https://www.youtube.com/watch?v=9ECZp0sznP8)

8,148 views
1 day ago

[PatColo]

(((David Seaman)))

https://i.ytimg.com/vi/WLeM-QidZMo/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLBMpWThph6Ablw8bJGybtWnE4gu2Q (https://www.youtube.com/watch?v=WLeM-QidZMo) 5:42
LIVE: Soros Plans To Attack Bitcoin (But Will Fail) (https://www.youtube.com/watch?v=WLeM-QidZMo)

3,226 views
4 hours ago

[PatColo]

http://www.renegadetribune.com/wp-content/uploads/2017/07/58911722-e1500908859990-390x205.jpg (http://www.renegadetribune.com/banks-scheming-dominate-future-cashless-society/)
Banks Are Scheming to Dominate a Future Cashless Society (http://www.renegadetribune.com/banks-scheming-dominate-future-cashless-society/)
Banks Are Scheming to Dominate a Future Cashless Society July 24, 2017 (http://www.renegadetribune.com/banks-scheming-dominate-future-cashless-society/) renegade (http://www.renegadetribune.com/author/renegade/) 0 Comments

(http://www.renegadetribune.com/banks-scheming-dominate-future-cashless-society/#respond)

Renegade Editor’s Note: This is an interesting analysis, but I can’t help but thinking that perhaps Bitcoin and other crypto currencies are where the money masters want us to be headed, as it fits in with the cashless paradigm.
By Shaun Bradley (http://theantimedia.org/author/shaunb1/) Visa recently announced its new Cashless Challenge (https://usa.visa.com/about-visa/cashless.html) program, which offers $10,000 to restaurants willing to transition into accepting only digital payments. As the largest (https://www.forbes.com/sites/greatspeculations/2017/05/23/strong-growth-in-volumes-boosts-visas-u-s-credit-card-market-share-to-over-52/#60a48a836659) credit card processor in the U.S., it’s no surprise Visa is spearheading this campaign. Under the guise of increasing transparency and efficiency, they’ve partnered (http://www.visa.com/visagovernmentsolutions/docs/Visa_Government_Solutions_Brochure_Print.pdf) with governments around the world to help convert financial systems into cashless models, but their real incentive is the billions of dollars in extra transaction fees it would generate.


“We are declaring war on cash,” Visa spokesman Andy Gerlt proudly proclaimed after the program was announced.


The food-based small businesses Visa is targeting are among those that benefit most from accepting cash from customers. When transactions are for amounts less than $10, the fees charged cut significantly into profits. Only 28% (https://mobile-cuisine.com/features/mcm-poll-results-72-percent-of-mobile-food-vendors-only-accept-cash/) of food trucks currently accept credit card payments because of the huge losses they incur from them. The bribe from Visa may seem appealing up front but will be mostly paid back to them over the next few years in fees alone.
Liz Garner, Vice President of the Merchant Advisory Group, which represents (http://www.merchantadvisorygroup.org/get-involved/join-the-mag) over 100 of the largest businesses in the U.S., explained (http://thehill.com/blogs/congress-blog/economy-budget/287373-cash-is-king-helping-small-businesses-survive) some of the hurdles faced when dealing with card networks:



For many businesses – both large and small – the cost of accepting plastic cards and other forms of electronic payments is one of their highest operating costs. Most business owners have no qualms about paying reasonable fees for business services, and they do so every day for items such as cleaning services, security systems, Wi-Fi, and other basic needs. However, they have the ability to negotiate for those services in a fair and transparent marketplace, which they do not with the two major credit and debit card networks….Credit card and debit card fees are dictated directly by Visa and MasterCard and are imposed on the majority of merchants in a take-it-or-leave-it fashion. Most businesses feel that failing to accept these major card brands is not a competitive option so they continue accepting electronic payments even though the costs are squeezing their business, and the inflexible acceptance rules fly in the face of free market enterprise.”


This ongoing push (http://www.reuters.com/article/us-global-economy-cash-idUSKBN17S001) for a cashless society in Europe (http://theantimedia.org/cash-europe-moves-elimination-paper-money/), Asia, (http://theantimedia.org/indian-eliminated-80-percent-cash/) and the Americas is about much more than just phasing out paper money — it’s about central planners solidifying control over the public’s wealth. This ongoing merger of corporate and government interests is the definition of crony capitalism. Regardless of the blatant collusion, the choices individuals make will still ultimately decide the direction for the future. Buying material goods on credit has become a lifestyle for millions, but the long-term costs of those decisions must be understood if there’s any chance for progress.


Americans have made a huge mistake by running up a staggering $1 trillion dollars (http://www.businessinsider.com/why-credit-cards-more-popular-than-debit-cards-2017-6) in credit card debt with an average interest rate of over 16% (http://www.creditcards.com/credit-card-news/interest-rate-report-7517-up-2121.php). Thanks to the Federal Reserve system, companies like Mastercard, Discover, and American Express can issue bonds paying extremely low-interest rates to the investors while simultaneously lending that money out to credit card holders at sky high rates. Companies will always take advantage of opportunities to increase profits, but the people’s willingness to keep borrowing from them is at the core of the problem.


Access to cheap capital (https://www.forbes.com/sites/jeffreydorfman/2015/05/12/the-feds-low-interest-rates-are-increasing-inequality/#4882a4ae78e9) has been extended to the largest corporations for over a decade, but when it comes to small businesses or individuals there is a completely different set of standards (http://www.investopedia.com/articles/investing/080713/how-banks-set-interest-rates-your-loans.asp). The pressure to consistently increase revenues and stock prices has led to an unnatural parasitic relationship between these companies and their customers. Cash is one of the last options that allows people a way to avoid dealing with this kind of shakedown.


More than 30% of all payments (http://www.frbsf.org/cash/publications/fed-notes/2016/november/state-of-cash-2015-diary-consumer-payment-choice) in the U.S. are still conducted in cash, but financial intermediaries (https://www.bloomberg.com/news/articles/2016-11-23/mastercard-visa-poised-to-reap-spoils-of-india-s-war-on-cash) that charge processing fees are joining (http://economictimes.indiatimes.com/industry/banking/finance/banking/visa-mastercard-lobby-government-to-ensure-they-dont-lose-out-to-homegrown-apps-like-upi-bhim/articleshow/58187456.cms) with the State and central banks to ensure the public has no room to innovate. Credit and debit cards have been the most convenient way to make purchases for over a decade, but emerging competition is slowly making them irrelevant.
Bitcoin (http://www.investopedia.com/articles/forex/042215/bitcoin-transactions-vs-credit-card-transactions.asp) and smart contract platforms have introduced an entirely new marketplace for businesses and individuals outside the dominion of the old financial vanguard. Dozens of large corporations have founded the Enterprise Ethereum Alliance (https://entethalliance.org/) to build support for other developing alternative blockchain technologies aside from Bitcoin. This ongoing evolution towards peer-to-peer payments will eventually doom companies like Visa to the same fate as Blockbuster. Those in power may champion the benefits of going cashless, but going bankless may be the only way out of this extortion matrix.


The efforts by governments and the financial industry to eliminate cash are only going to intensify. Those who adapt to the new paradigm of peer-to-peer payments will thrive, while those who don’t will have their hard earned money extracted to support a failing system. The illusion of banks being safe should have been shattered after the 2008 crisis, but eventually, the reality of how unstable the current institutions are will become apparent. Educating entrepreneurs and businesses on the benefits of Bitcoin and other decentralized options is the only way to shift this economy away from the control of central planners and towards a free and voluntary market.


This article originally appeared on The Anti-Media (http://theantimedia.org/go-bankless-not-cashless/).

[PatColo]

vlogger titus frost:

https://i.ytimg.com/vi/TIlwlmzNJJo/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLATUefwKjvEv0M_D85el1ookmvVQA (https://www.youtube.com/watch?v=TIlwlmzNJJo) 7:11
Rothschild's Buy Bitcoin via GBTC $210k & RFID Rollout (https://www.youtube.com/watch?v=TIlwlmzNJJo)

770 views
3 hours ago

[PatColo]

SGT Report; I've only listened to the 2nd one (steemit) yet;



https://i.ytimg.com/vi/sG3Ju8AhCKM/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLCzn79GNAl2Mdh6shCnxCO5JOFtlQ (https://www.youtube.com/watch?v=sG3Ju8AhCKM) 34:47
BREAKING: BANKERS' NEW SDR CRYPTO BLOCKCHAIN WILL ENSLAVE HUMANITY - Lynette Zang (https://www.youtube.com/watch?v=sG3Ju8AhCKM)

14,503 views
8 hours ago





https://i.ytimg.com/vi/SydSQx-dYvM/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLDmXJiSDPUrSUwjerQHZPCCk91k0w (https://www.youtube.com/watch?v=SydSQx-dYvM) 42:02
INSIDER: THE EOS CONTROVERSY, STEEMIT & A WORLD OF CRYPTO (https://www.youtube.com/watch?v=SydSQx-dYvM)

14,729 views
1 day ago

[PatColo]

vlogger The HoneyBee, her first vid in > 1 month... unusual topic for her as she's been all about P*Gate since her YT channel's debut this year.

Short version: bitcoin transactions won't be 'private' any more:

https://i.ytimg.com/vi/Cwj_iympoRg/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLA5tRGrTQrAUyLtdDBWNtEc9ADGVg (https://www.youtube.com/watch?v=Cwj_iympoRg) 7:02
The End of Cryptocurrency? (https://www.youtube.com/watch?v=Cwj_iympoRg)



1,177 views
11 hours ago



Published on Aug 9, 2017
Purchase Order:
https://www.fpds.gov/common/jsp/Launc... (https://www.fpds.gov/common/jsp/LaunchWebPage.jsp?command=execute&requestid=81991006&version=1.4)

"HSI Baltimore intends to retain the services of a blockchain analysis provider that has the capability to EXPEDITIOUSLY trace movements of Bitcoins. We anticipate the tracing of these coins will lead to criminal prosecutions."

Federal Procurement Data System https://www.fpds.gov

Shawn at SGT Report https://www.sgtreport.com/

Lynette Zang on SDR https://www.youtube.com/watch?v=sG3Ju... (https://www.youtube.com/watch?v=sG3Ju8AhCKM)

Amber Alert for Ella Abbott 8/9/17
https://www.google.org/publicalerts/a... (https://www.google.org/publicalerts/alert?aid=c7eecd98d19b628c&hl=en&gl=US&source=web)





The the SGT Report vid she recommends watching is in my reply #32 above.

[madfranks]

Short version: bitcoin transactions won't be 'private' any more:

I call fake news. You don't need any kind of identification to get a bitcoin wallet, and the only identifier to a wallet is a string of random numbers and letters. If one were to get a new wallet and mine or otherwise obtain bitcoin privately, there's no way to identify who owns them. Go to blockchain.info and watch the live transactions, and tell me how you can identify who owns what, outside of bitcoin addresses which have been made publicly known as to who owns them.

[Ares]

I call fake news. You don't need any kind of identification to get a bitcoin wallet, and the only identifier to a wallet is a string of random numbers and letters. If one were to get a new wallet and mine or otherwise obtain bitcoin privately, there's no way to identify who owns them. Go to blockchain.info and watch the live transactions, and tell me how you can identify who owns what, outside of bitcoin addresses which have been made publicly known as to who owns them.

Someone has identified wallets for the big guys though:

https://www.walletexplorer.com/

[PatColo]

I call fake news. You don't need any kind of identification to get a bitcoin wallet, and the only identifier to a wallet is a string of random numbers and letters. If one were to get a new wallet and mine or otherwise obtain bitcoin privately, there's no way to identify who owns them. Go to blockchain.info and watch the live transactions, and tell me how you can identify who owns what, outside of bitcoin addresses which have been made publicly known as to who owns them.

I still haven't made the bitcoin plunge, so I easily get confuse by the "new vocabulary." I trust once I get one, and toy around with the app(s), test tiny transactions, etc... much will come into focus.

That HoneyBee vid above currently has 93 comments. I haven't read most, but one pinned at the top says:




Defango (https://www.youtube.com/user/defango)11 hours ago (https://www.youtube.com/watch?v=Cwj_iympoRg&lc=z23mujziylixs3y0facdp434hfl5lkremzlurcf1vilw03c 010c)
It's a nice thought but it would be impossible for them to take over an existing blocking. The SDR is a proposed blockchain that is meant to replace but it could never do the things you are describing. They would have to ban the usage of bitcoin and make all other non FED coins illegal for this to happen.
1




https://yt3.ggpht.com/-nTr8UyHHeBw/AAAAAAAAAAI/AAAAAAAAAAA/FFy_ZBCZBPs/s32-c-k-no-mo-rj-c0xffffff/photo.jpg (https://www.youtube.com/user/Manifest143)
Mellisa Honeybee Zaccaria (https://www.youtube.com/user/Manifest143)4 hours ago (edited) (https://www.youtube.com/watch?v=Cwj_iympoRg&lc=z23mujziylixs3y0facdp434hfl5lkremzlurcf1vilw03c 010c.1502371373132416)
Defango I suspect they will, and it seems like they will use "Dark Web Crime" to ban other alt coins. Look at all the recent arrests, Elliptic and Chainanalysis are tracing Bitcoin transactions which aids in HSI in arresting pedophiles, is it totally out of the realm of possibility that they will ban alt coins and only offer the SDR and then roll out DDC? And what about D-Wave, I've read a few articles that say quantum computers will inevitably cripple Bitcoin by undermining keys and incryptions, what are your thoughts on that? Thanks for insights, I'm still trying to understand the technical aspects of what protects Bitcoin and other alt coins from compromise

[Ares]

I still haven't made the bitcoin plunge, so I easily get confuse by the "new vocabulary." I trust once I get one, and toy around with the app(s), test tiny transactions, etc... much will come into focus.

That HoneyBee vid above currently has 93 comments. I haven't read most, but one pinned at the top says:




Defango (https://www.youtube.com/user/defango)11 hours ago (https://www.youtube.com/watch?v=Cwj_iympoRg&lc=z23mujziylixs3y0facdp434hfl5lkremzlurcf1vilw03c 010c)
It's a nice thought but it would be impossible for them to take over an existing blocking. The SDR is a proposed blockchain that is meant to replace but it could never do the things you are describing. They would have to ban the usage of bitcoin and make all other non FED coins illegal for this to happen.
1




https://yt3.ggpht.com/-nTr8UyHHeBw/AAAAAAAAAAI/AAAAAAAAAAA/FFy_ZBCZBPs/s32-c-k-no-mo-rj-c0xffffff/photo.jpg (https://www.youtube.com/user/Manifest143)
Mellisa Honeybee Zaccaria (https://www.youtube.com/user/Manifest143)4 hours ago (edited) (https://www.youtube.com/watch?v=Cwj_iympoRg&lc=z23mujziylixs3y0facdp434hfl5lkremzlurcf1vilw03c 010c.1502371373132416)
Defango I suspect they will, and it seems like they will use "Dark Web Crime" to ban other alt coins. Look at all the recent arrests, Elliptic and Chainanalysis are tracing Bitcoin transactions which aids in HSI in arresting pedophiles, is it totally out of the realm of possibility that they will ban alt coins and only offer the SDR and then roll out DDC? And what about D-Wave, I've read a few articles that say quantum computers will inevitably cripple Bitcoin by undermining keys and incryptions, what are your thoughts on that? Thanks for insights, I'm still trying to understand the technical aspects of what protects Bitcoin and other alt coins from compromise








Quantum computers are not magic and still have to obey the rules of cryptography. So the likelihood of them being able to crack Bitcoin are very unlikely as I pointed out on another thread here:

As far as a Quantum computer being able to crack SHA256, unlikely.

1) quantum computers, if ever they come into existence with a lot of qubits (which I personally doubt, but ok), can TOTALLY CRACK the current public key systems based on prime factorization (RSA, Diffie-Hellmann) or based upon discrete logarithms in groups (elliptic curve crypto). The algorithm to do so is known, it is Shor's algorithm. By TOTALLY I mean totally: just ANY key can be cracked in a matter of milliseconds, on the condition that the quantum computer has more qubits than (a few times) the key length. If such a quantum computer exists, there is simply no difficulty in cracking the key, it doesn't take "days" or anything because the difficulty goes LOGARITHMIC with Shor's algorithm.

2) however, for hash functions, and symmetric crypto like AES-256, it can be shown that a quantum computer can AT BEST use Grover's algorithm to crack it. Grover's algorithm doesn't crack entirely a hash function, but essentially HALVES ITS BIT STRENGTH. So a SHA-256 hash (with 256 bits) would not require 2^256 trials like on a classical computer, but "only" 2^128 trials on a quantum computer, which is STILL IMPOSSIBLE to do practically. Most people think that quantum computers will, if ever they exist, run much slower than classical machines, so 2^128 trials on a quantum machine will be much harder to solve than 2^128 trials on a classical machine.

[madfranks]

They would have to ban the usage of bitcoin and make all other non FED coins illegal for this to happen.

Defango I suspect they will, and it seems like they will use "Dark Web Crime" to ban other alt coins.Until "they" have a world government, "they" can't ban bitcoin any more than any one government can ban another country from using the internet. Bitcoin is a global network, and simply can't be banned by any government. Until maybe world government is instituted, then that government could theoretically ban it.

[Ares]

Until "they" have a world government, "they" can't ban bitcoin any more than any one government can ban another country from using the internet. Bitcoin is a global network, and simply can't be banned by any government. Until maybe world government is instituted, then that government could theoretically ban it.

Then there is always the darknet to transmit your transactions over. Not to mention Monero and zcash for anonymous transfer.

[monty]

Until "they" have a world government, "they" can't ban bitcoin any more than any one government can ban another country from using the internet. Bitcoin is a global network, and simply can't be banned by any government. Until maybe world government is instituted, then that government could theoretically ban it.

Moving to a one world government is probably why the communist US District Courts are so aggressively shredding the Constitution and Bill of Rights. They use socialism and communism to ultimately achieve their one world government.

[PatColo]

SGT Report; I've only listened to the 2nd one (steemit) yet;



https://i.ytimg.com/vi/sG3Ju8AhCKM/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLCzn79GNAl2Mdh6shCnxCO5JOFtlQ (https://www.youtube.com/watch?v=sG3Ju8AhCKM) 34:47
BREAKING: BANKERS' NEW SDR CRYPTO BLOCKCHAIN WILL ENSLAVE HUMANITY - Lynette Zang (https://www.youtube.com/watch?v=sG3Ju8AhCKM)

14,503 views
8 hours ago





Sean/SGT Report put this short vid up, re all the flack he received for the above vid,

https://i.ytimg.com/vi/whA_9VrcRVI/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLCWMXerYmYhIC07JQikuTiEWBlq1A (https://www.youtube.com/watch?v=whA_9VrcRVI) 4:51
FEAR & LOATHING IN CRYPTO LAND (https://www.youtube.com/watch?v=whA_9VrcRVI)

9,530 views
6 hours ago

[Bigjon]

SGT Report; I've only listened to the 2nd one (steemit) yet;



https://i.ytimg.com/vi/sG3Ju8AhCKM/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLCzn79GNAl2Mdh6shCnxCO5JOFtlQ (https://www.youtube.com/watch?v=sG3Ju8AhCKM) 34:47
BREAKING: BANKERS' NEW SDR CRYPTO BLOCKCHAIN WILL ENSLAVE HUMANITY - Lynette Zang (https://www.youtube.com/watch?v=sG3Ju8AhCKM)

14,503 views
8 hours ago




https://i.ytimg.com/vi/SydSQx-dYvM/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLDmXJiSDPUrSUwjerQHZPCCk91k0w (https://www.youtube.com/watch?v=SydSQx-dYvM) 42:02
INSIDER: THE EOS CONTROVERSY, STEEMIT & A WORLD OF CRYPTO (https://www.youtube.com/watch?v=SydSQx-dYvM)

14,729 views
1 day ago







The new Karen Hudes:


https://www.youtube.com/watch?v=q7-QjpKtpvA


https://www.youtube.com/watch?v=q7-QjpKtpvA
REALIST NEWS - Lynette Zang - SDR Crypto - UTTER NONSENSE - COMPLETELY UNQUALIFIED STATEMENT

[PatColo]

Sean/SGT Report interview, one of the two interviewees is vlogger jsnip4 who did the vid in Bigjohn's reply above:

https://i.ytimg.com/vi/q048FZ14G_E/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLCj9hJZ7BT6o0rBXdpbqZjE0z9bjQ (https://www.youtube.com/watch?v=q048FZ14G_E) 1:02:41
THE ACChain CONTROVERSY -- JSNIP4 & BRAD PETERS (https://www.youtube.com/watch?v=q048FZ14G_E)

1,127 views
2 hours ago

[PatColo]

Haven't watched this from Titus Frost; looks like it's broad topics, but at least its not hours long! :)

DOH, nice view count I caught there... will need to check if it gets "stuck there" for awhile? :(??

https://i.ytimg.com/vi/tLkpsRFYaCg/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLBQjZt92pWKHOt2YHBADl99XD6GzQ (https://www.youtube.com/watch?v=tLkpsRFYaCg) 27:31
Crypto, SDR's & Digitization ACC Chain, Interviews, Chris Cornell, Questions, etc. (https://www.youtube.com/watch?v=tLkpsRFYaCg)



666 views
6 hours ago


Streamed live 8 hours ago
In this live stream I discuss many topics from crypto-currencies, to the homicide, like murder of Chris Cornell #TruthForChris (https://www.youtube.com/results?q=%23TruthForChris), Pizzagate, and Admiralty law / Federal reserve. This is a very informative video and I hope you can take the time to watch the entire thing and share it if you find it interesting or informative.

The first topic discussed was the New EOS Chain being developed by @Dan Dan Larimer formerly of Steemit, and the awesome interview done by @SGTReport with @OfficialFuzzy on this topic and this new EOS chain that looks very promising. Article: https://steemit.com/steemit/@sgtrepor... (https://steemit.com/steemit/@sgtreport/insider-addresses-the-eos-controversy-steemit-and-a-world-of-crypto)

The second topic discussed was the recent @SGTReport interview with Lynette Zang, who was warning about the digitzation of hard assets like Tea and Real Estate by the ACC Chain, which blocked Americans from participating in the ICO despite using land in Texas to back up their new ACC Chain. She makes the argument that this is tied into the SDR, and that somehow Bitcoin and Ethereum are a part of the SDR are would soon become part of the IMF SDR's, however I disagree with that completely. But here is the article with video embedded for you to review yourself: https://steemit.com/money/@sgtreport/... (https://steemit.com/money/@sgtreport/breaking-bankers-new-sdr-crypto-blockchain-will-enslave-humanity-lynette-zang)

Also on this topic is another interview I discuss by @SGTReport with Brad Peters and Joe from the Jsnip4 Realist News that counters what Lynette Zang said about SDR's and BitCoin and Ethereum: https://steemit.com/cryptocurrency/@s... (https://steemit.com/cryptocurrency/@sgtreport/the-acchain-controversy-jsnip4-and-brad-peters)

I covered @TheHoneybee's video about crypto currencies being "not anyomous", and I partially agree with this video, but there are anonymous cryptos like Dash coin for just one example. Article: https://steemit.com/bitcoin/@thehoney... (https://steemit.com/bitcoin/@thehoneybee/end-of-cryptocurrency)

I direct people to the new "Chris Simpson" video about another dead associate of Hillary Serial Murderer Clinton: https://youtu.be/tWkk2fBnnxc

I want people to go see the interview I did with Cat Watters on the Heather Ann Tucci Jarraf court case regarding Federal Reserve TDA accounts, and Admiralty Law: https://youtu.be/lCdzPTde14U

I direct People to the PizzaGate interview with Kristan T Harris, World Intelligence Report, link to interview: http://tfrlive.com/the-american-intel... (http://tfrlive.com/the-american-intelligence-report-with-kristan-harris-73838/)

I cover the death of Robert Peacock at Classic Motors DC and the connection to James Edward Gibson and that investigation I did: http://www.legacy.com/obituaries/wash... (http://www.legacy.com/obituaries/washingtonpost/obituary.aspx?pid=184110379)

I cover the murder of Chris Cornell and the forensic evidence to suggest this, in an investigation done by Randy "Rocket" Cody, who I will be interviewing tonight at 8pm Eastern. I went through the evidence regarding the head wound, time of death, the door latch, and the broken ribs which all show clear evidence of murder. Article: http://themetalden.com/?p=59174

Lastly I am moving STWT to Saturday Night at 9pm to accommodate the Randy Interview tonight, submit your AMA questions on my patreon or on steemit to have them read live on air. https://steemit.com/stwt/@titusfrost/... (https://steemit.com/stwt/@titusfrost/submit-your-steemit-ama-questions-for-stwt-show-10)

Full Show Notes On Steemit: (Link Coming Soon)

Read my Steemit Blog! https://steemit.com/@titusfrost

My Patreon: https://www.patreon.com/TitusFrost

Hit me up on Social Media:

[PatColo]

Titus Frost:

https://i.ytimg.com/vi/UOq3fZRJUnk/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLAJyEehSqN7nNEOAsZiO7A69K0sew (https://www.youtube.com/watch?v=UOq3fZRJUnk) 7:25
The BlockChain can be used for Good... DTube & BitChute & Steemit (https://www.youtube.com/watch?v=UOq3fZRJUnk)

406 views
8 hours ago




Streamed live 8 hours ago



I wanted to calm every down a little bit about the "Blockchain is here to enslave us all" fear porn being shoveled around the internet because of Lynette Zang's inaccurate reporting. Are the Chinese creating a coin (ACC Chain) that digitizes hard assets like Tea? Yes, is this Coin somehow connected to the SDR's at the IMF World Bank? No, there is 0 evidence to suggest that. SDR's are based on a basket of five Central Bank controlled currencies and there is no evidence to suggest that includes ANY crypto currency. Could they add those to the basket in the future? Yes, but as of today they have not.

Also, why would the IMF / World Bank which was mainly created by "American" (really globalists) Banksters, block Americans' from helping them create this chain? It's the Bankster's SEC blocking the use of some of these alt coins so why the hypocrisy? Oh wait, everyone is just jumping the gun to get views again, enough fear porn.

The truth is a "Blockchain" like many things, LENR-CANR for example can be used to free humanity or to enslave us. It is all about the intent behind the technology. You have very positive and great uses of the blockchain, such as Steemit, BitChute, and DTube, which have allowed us to maintain freedom of speech online where YouTube has silenced us and demonetized us. So from these examples we can see that the Blockchain can be used for good.

However with if the powers that should not be create an E coin, such as possibly coins like Ethereum, with evil men behind it such as Peter Thiel, and Chase Bank among many other evil corporations that type of technology could be used to enslave humanity with a blockchain. So we must be careful about which technologies we choose to support that use the blockchain as it can be used for good or evil.

See some of my earliest films on what the "Ether" is. Just go to my videos and search "Ether" and watch the first documentaries I made that are still 100% valid on that subject.

Full Show Notes On Steemit: (Link Coming Soon)

Read my Steemit Blog! https://steemit.com/@titusfrost

[PatColo]

Sean of SGT report has a "heated exchange" with Andy Hoffman

https://i.ytimg.com/vi/GQnZznrgjHA/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLB05_c4vpHDU4YVS9cuf1IPkp1IvQ (https://www.youtube.com/watch?v=GQnZznrgjHA) 43:06
ACCHAIN: YOU'LL BE TALKING ABOUT THIS INTERVIEW -- SGT & ANDY HOFFMAN (https://www.youtube.com/watch?v=GQnZznrgjHA)

59,470 views
5 days ago




Published on Aug 16, 2017

This hard-hitting interview about Lynette Zang, ACChain and Bitcoin is a jaw dropper. As the economic-crypto-precious metals truth community continues to bash Lynette Zang for daring to mention the new ACChain in China, I continue to point out that the DISCUSSION WILL CONTINUE - and new emerging evidence about ACChain suggests that Zang may be right.

Andy Hoffman and I go head to head in what quickly devolves into a cage match. Why the investigation into ACChain and what the Chinese are up to as they actively seek to make the RMB a world currency, is causing so much disharmony, is troubling.

WATCH THIS:
Timeline for Global Crypto-Currency Acceptance, Digitizing Commodities & Mini Ice Age Crop Losses - by David DuByne
https://www.youtube.com/watch?v=AiHxJ... (https://www.youtube.com/watch?v=AiHxJx0dawI&feature=youtu.be)

Thanks for tuning in.

[PatColo]

Sean of SGT Report,

https://i.ytimg.com/vi/eC4buq3pZUU/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLAFtz5LM0jK7QbVcVvz2kUHohXTCA (https://www.youtube.com/watch?v=eC4buq3pZUU) 28:06
CDX: A New ICO of The Good Guys, FOR The Good Guys! -- SRS Rocco (https://www.youtube.com/watch?v=eC4buq3pZUU)

1,430 views
2 hours ago




Published on Aug 25, 2017

Steve St. Angelo from SRS Rocco is here to talk about the true state of the gold and silver markets, and about a unique opportunity to take part in a new ICO offering OF the good guys, FOR the good guys: The Commodity Ad Network (CDX) is the TRUTH media's counter to GOOGLE's fascist tactics! The mission of CDX is to pair up the correct content creators with the correct advertisers in an ad network that charges advertisers less and pays out to content creators more than any other large ad network. As the network grows, the value will RISE.

The Commodity Ad Network (CDX) PRE-SALE begins this Saturday, August 26th and during the pre-sale period you can get a 100% bonus, for every ONE ETH invested you will get 3,000 CDX tokens. The pre-sale runs from August 26 - 30th. Visit CommodityAdNetwork.com to learn more:

https://commodityadnetwork.com/

[PatColo]

Dave Hodges Common Sense Show, haven't listened yet,

https://i.ytimg.com/vi/IttU6dJ9Lrw/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLBdRVdpsAWPn82mQgx5dtxRnnVZWQ (https://www.youtube.com/watch?v=IttU6dJ9Lrw) 26:48
Why Is G. Edward Griffin Investing In Cryptocurrency at Futurenet (https://www.youtube.com/watch?v=IttU6dJ9Lrw)

780 views
2 hours ago

[Bigjon]

Hodges, guest is a moron. He starts off with crypto's have no public record. That's where I stopped wasting my time.

[Emmett]

Hey,

Have any of you guys dipped your toe into the Bitcoin phenomenon? I'm thinking of moving some FRNs into Bitcoin. I've read the stuff online but wanted to reach out to you guys for your experience, advice, etc.

Anything in the way of guidance and experience you can offer would be appreciated

I already invest in bitcoins for about a year. All newcomers are advised to read this article https://bitcoinbestbuy.com/. This is the most detailed article of all that I've read.

[Neuro]

I already invest in bitcoins for about a year. All newcomers are advised to read this article https://bitcoinbestbuy.com/. This is the most detailed article of all that I've read.

Could someone brave click on that link? I am afraid something will get installed on my device if I do. Our new member "Emmet" appears to be a bit botty...

[madfranks]

Could someone brave click on that link? I am afraid something will get installed on my device if I do. Our new member "Emmet" appears to be a bit botty...

It looks like a bitcoin wiki type page. There is a lot of info on that page.

[Hitch]

I wonder how many multi millionaires bitcoin has created. I have a neighbor currently, with a 57 foot beautiful yacht. Boat must be worth $300,000 if not more. Finally met the guy a couple of days ago, nicest guy you could met, couldn't be a day over 35. Owns the yacht, and 3 houses as well, all from bitcoin. I didn't ask any questions, just smiled inside and shook my head. Good for you buddy, lol. He must have cashed out of bitcoin and bought some real tangible assets, boat, houses, etc. Smart fellow, if you ask me.

[Neuro]

I wonder how many multi millionaires bitcoin has created. I have a neighbor currently, with a 57 foot beautiful yacht. Boat must be worth $300,000 if not more. Finally met the guy a couple of days ago, nicest guy you could met, couldn't be a day over 35. Owns the yacht, and 3 houses as well, all from bitcoin. I didn't ask any questions, just smiled inside and shook my head. Good for you buddy, lol. He must have cashed out of bitcoin and bought some real tangible assets, boat, houses, etc. Smart fellow, if you ask me.

We could have all bought in the single digits... If we had been smart and listened to the early adopters here... :D

Never mind, I would have lost it in Mt Gox or in btc-e (which I did lose a thousand dollars in), and of course losing a few hundred thousand is much worse than never having it in the first place. I gained around $3,000 profit from the $1,000 that I invested 3 years ago. So I am good.

[jetgraphics]

CRYPTOCURRENCY
Trap for the fools?

The sophisticated are easily misled to embrace the allure of “easy money” and forget reality. A prime example of lucre lunacy is shown in the inexplicable popularity of cryptocurrencies like Bitcon - ahem - Bitcoin.

CRYPTOCURRENCY - (Currencies) a decentralized digital medium of exchange which is created, regulated, and exchanged using cryptography and (usually) open source software.

BITCOIN - Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009.
. . .
As is the case with any thing used as a medium of exchange, it is to facilitate trade when barter is insufficient. However, since the creation of the medium (Bitcoins) is wholly separate from the producers of goods and services (victims), it is just another scheme to rob the money maddened muggles of their goods and services.

The instant people cease to accept cryptocurrency, it ceases to function as a medium of exchange.

In reality, prosperity is based on prodigious production of usable goods and services, the equitable trade of the surplus, and enjoyment of the result. Tricking someone into trading their real goods and services for a cryptocurrency is not an equitable trade, especially since the trade value of the digital currency is based upon speculation. The bubble will eventually burst, and those holding worthless units will not be happy about it.

[Ares]

In reality, prosperity is based on prodigious production of usable goods and services, the equitable trade of the surplus, and enjoyment of the result. Tricking someone into trading their real goods and services for a cryptocurrency is not an equitable trade, especially since the trade value of the digital currency is based upon speculation. The bubble will eventually burst, and those holding worthless units will not be happy about it.

Bitcoin has been called a bubble more times than I care to count. What this guy calls a "Trap for the fools." I see as a viable tool for regaining control of our own purchasing power instead of having it inflated away while a few enrich themselves on the back of the many.

Notice he didn't offer any alternatives. I dismiss those complaining about Bitcoin outright when they offer zero alternatives. It's just needless bitching.

[madfranks]

The instant people cease to accept cryptocurrency, it ceases to function as a medium of exchange. No kidding. The same thing can be said of the US dollar, or even gold and silver.

[Hitch]

Bitcoin has been called a bubble more times than I care to count. What this guy calls a "Trap for the fools." I see as a viable tool for regaining control of our own purchasing power instead of having it inflated away while a few enrich themselves on the back of the many.

Notice he didn't offer any alternatives. I dismiss those complaining about Bitcoin outright when they offer zero alternatives. It's just needless bitching.

I remember years ago I completely thought bitcoin was a waste, a joke, while some folks were able to see the bigger picture. Those folks, imo, are absolutely brilliant. I imagine back then what I thought, and if I just dropped a $1000 and bought say 100 bitcoins, and sat on them, just did nothing with them, they would be worth $360,000 today.

To the folks out there who didn't listen to the naysayers, who were willing to take a chance on the 'bigger picture' of what could be possible in the future (now today), my hat is off to you. Where bitcoin goes from here? At $3600 a coin, that's a lot of silver or a few gold eagles in hand.

[Ares]

I remember years ago I completely thought bitcoin was a waste, a joke, while some folks were able to see the bigger picture. Those folks, imo, are absolutely brilliant. I imagine back then what I thought, and if I just dropped a $1000 and bought say 100 bitcoins, and sat on them, just did nothing with them, they would be worth $360,000 today.

To the folks out there who didn't listen to the naysayers, who were willing to take a chance on the 'bigger picture' of what could be possible in the future (now today), my hat is off to you. Where bitcoin goes from here? At $3600 a coin, that's a lot of silver or a few gold eagles in hand.

To be fair, when I first heard about Bitcoin (it wasn't on gsus) I dismissed them as a scam and did not take the technology seriously at all. Around 2012/2013 I read the white paper, as well as other technical indepth analysis by others smarter than me and realized what a tool this really was.

Blockchain technology is a double edged sword though. Decentralized it is a tool that could free all of mankind. Centralized (state controlled) it can be used to enslave us all.

[Neuro]

Bitcoin has been called a bubble more times than I care to count. What this guy calls a "Trap for the fools." I see as a viable tool for regaining control of our own purchasing power instead of having it inflated away while a few enrich themselves on the back of the many.

Notice he didn't offer any alternatives. I dismiss those complaining about Bitcoin outright when they offer zero alternatives. It's just needless bitching.
The only realistic viable alternative, as far as I can tell, open to this author, is direct bartering of goods and services, without a medium of exchange, which has its advantages in avoiding third parties taking their cut, but in general great disadvantages in that you can not create a market place for goods and services, which means that rarely buyer and seller would optimize their return. Iow John Smith wants to buy bacon for labour but the butcher doesn't need new horse shoes which John Smith is particularly good at making. Instead he is asked to sharpen his knives, which he never did well before. Johns brother Adam Smith is good a sharpening knives though, but he wants a birthday cake for his daughter, but perhaps the baker wants to trade a birthday cake for horse shoes? So that John Smith can eat bacon... Or perhaps John and Adam hasn't spoken to each other for years because of a sour barter deal, and the butcher trades some poorly cut pork scraps for some blunt knives. Adams daughter never got a birthday cake and the baker had to carry his flour himself from the mill, since the foot of his horse had an infection, and his horse was taken to the butcher who tried to barter it away as prime pork... ;D

[Ares]

The only realistic viable alternative, as far as I can tell, open to this author, is direct bartering of goods and services, without a medium of exchange, which has its advantages in avoiding third parties taking their cut, but in general great disadvantages in that you can not create a market place for goods and services, which means that rarely buyer and seller would optimize their return. Iow John Smith wants to buy bacon for labour but the butcher doesn't need new horse shoes which John Smith is particularly good at making. Instead he is asked to sharpen his knives, which he never did well before. Johns brother Adam Smith is good a sharpening knives though, but he wants a birthday cake for his daughter, but perhaps the baker wants to trade a birthday cake for horse shoes? So that John Smith can eat bacon... Or perhaps John and Adam hasn't spoken to each other for years because of a sour barter deal, and the butcher trades some poorly cut pork scraps for some blunt knives. Adams daughter never got a birthday cake and the baker had to carry his flour himself from the mill, since the foot of his horse had an infection, and his horse was taken to the butcher who tried to barter it away as prime pork... ;D

Barter has it's place on a small scale and I myself have done bartering with great success. Labor for labor most of the time. But like your scenario above points out it's not very good when it comes to accepting payment as a business.

[madfranks]

The only realistic viable alternative, as far as I can tell, open to this author, is direct bartering of goods and services, without a medium of exchange, which has its advantages in avoiding third parties taking their cut, but in general great disadvantages in that you can not create a market place for goods and services, which means that rarely buyer and seller would optimize their return. Iow John Smith wants to buy bacon for labour but the butcher doesn't need new horse shoes which John Smith is particularly good at making. Instead he is asked to sharpen his knives, which he never did well before. Johns brother Adam Smith is good a sharpening knives though, but he wants a birthday cake for his daughter, but perhaps the baker wants to trade a birthday cake for horse shoes? So that John Smith can eat bacon... Or perhaps John and Adam hasn't spoken to each other for years because of a sour barter deal, and the butcher trades some poorly cut pork scraps for some blunt knives. Adams daughter never got a birthday cake and the baker had to carry his flour himself from the mill, since the foot of his horse had an infection, and his horse was taken to the butcher who tried to barter it away as prime pork... ;D

A modern economy cannot function without a medium of exchange (money). Your post does a good job showing why.

[Neuro]

A modern economy cannot function without a medium of exchange (money). Your post does a good job showing why.

Bartering as the only form of commerce can only function in a small low tech village IMO. I wouldn't rule it out as a possibility in my lifetime. Post-SHTF...

[Neuro]

Barter has it's place on a small scale and I myself have done bartering with great success. Labor for labor most of the time. But like your scenario above points out it's not very good when it comes to accepting payment as a business.

I have done bartering frequently as well, exchanging adjustments for artwork, massage, dinners, car servicing...

[madfranks]

I have done bartering frequently as well, exchanging adjustments for artwork, massage, dinners, car servicing...

I once designed a facade renovation for a carpet/window cleaning business in exchange for carpet/window cleaning for my house. But to your point, how often does a carpet/window cleaning business need a elevation drawing of a new facade, while at the same time an architect could use some carpet/window cleaning?? For the rare occasions in our modern economy where such needs happen to overlap, it's a cool thing, but we could never count on this as the primary method of economic activity.

[madfranks]

I have done bartering frequently as well, exchanging adjustments for artwork, massage, dinners, car servicing...

What other types of "servicing" have you traded your skills for?? ;)

[Neuro]

What other types of "servicing" have you traded your skills for?? ;)

Notch notch I say no more... ;D

But what I meant was an oil change and changing the filters. :)

[Hitch]

Blockchain technology is a double edged sword though. Decentralized it is a tool that could free all of mankind. Centralized (state controlled) it can be used to enslave us all.

How could it be centralized in control? I thought, by design, that would be impossible with bitcoin. The only thing I can think of, is bitcoin is ahead of it's time and .gov could work on an "approved" or "backed by the gov" type of coin as a competitor. But even then, the people buying bitcoins wouldn't trust a government cryptocurrency. Any thoughts on that?

Also, I found this interesting link regarding the total value of bitcoin, compared to other types of investments, stocks, US dollars, etc.

http://www.marketwatch.com/story/how-big-is-bitcoin-really-this-chart-puts-it-all-in-perspective-2017-06-21

[Ares]

How could it be centralized in control?

Say for example the Federal Reserve gets around and creates it's own "digital dollar". All member banks would likely use a Proof of Stake algorithm instead of a proof of work. While it would technically be Blockchain technology it would be centralized. Bitcoin itself could never be centralized due to the nature of it's initial release. But the technology itself is open source and could be made to be centralized by a state.


I thought, by design, that would be impossible with bitcoin.

With Bitcoin yes, it cannot be centralized. But the technology is freely available and there is nothing preventing a state from creating it's own centralized blockchain.


The only thing I can think of, is bitcoin is ahead of it's time and .gov could work on an "approved" or "backed by the gov" type of coin as a competitor. But even then, the people buying bitcoins wouldn't trust a government cryptocurrency. Any thoughts on that?

Most Bitcoin enthusiast would not under any circumstances trust a government issued cryptocurrency. They might trade in it, they might even transact in it if it's beneficial for them to do so. But trust would still be in Bitcoin and other decentralized currencies. Kind of like Gold and Silver, we hoard it, but we certainly do not pay our taxes with it.


Also, I found this interesting link regarding the total value of bitcoin, compared to other types of investments, stocks, US dollars, etc.

http://www.marketwatch.com/story/how-big-is-bitcoin-really-this-chart-puts-it-all-in-perspective-2017-06-21

[catman99]

The price has been skyrocketing in recent years. Now is the time to invest in bitcoin, it's going to be worth it in the long run

[PatColo]

Sean/SGT Report, haven't listened to this; mostly interesting that Chris Duane aka Silver Shield is still kickin,

https://i.ytimg.com/vi/M1Dfa-g0DPY/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLDrz47WkXVt8S2WHt9jyUCX7I0GKg (https://www.youtube.com/watch?v=M1Dfa-g0DPY) 52:27
THE GREAT CRYPTO CONSPIRACY? -- Chris Duane (https://www.youtube.com/watch?v=M1Dfa-g0DPY)

2,210 views
2 hours ago

[Neuro]

We could have all bought in the single digits... If we had been smart and listened to the early adopters here... :D

Never mind, I would have lost it in Mt Gox or in btc-e (which I did lose a thousand dollars in), and of course losing a few hundred thousand is much worse than never having it in the first place. I gained around $3,000 profit from the $1,000 that I invested 3 years ago. So I am good.

Btw, I got my funds back from btc-e -20% give or take, as they started up wex.nz, so I am really good! ;D

Who could have imagined the money laundering Russian criminals would be that honest! The loss of 20% is due to the fiat cash seized from btc-e bank accounts by government thugs.

The fact that the government thugs were unable to seize any of the cryptocurrencies held by btc-e, tells us about the strength of cryptocurrencies!

[Neuro]

Most Bitcoin enthusiast would not under any circumstances trust a government issued cryptocurrency. They might trade in it, they might even transact in it if it's beneficial for them to do so. But trust would still be in Bitcoin and other decentralized currencies. Kind of like Gold and Silver, we hoard it, but we certainly do not pay our taxes with it.

Exactly! As the example with btc-e --->wex.nz clearly shows, if they had held government issued cryptocurrencies it would all be lost.

[Ares]

Exactly! As the example with btc-e --->wex.nz clearly shows, if they had held government issued cryptocurrencies it would all be lost.

Yep, which is a good point. Which means that btc-e likely had those coins in cold storage which the feds were unable to obtain when they took btc-e domain and equipment. It does show that even though we have no idea who they are, they are at least trust worthy enough to not take the remaining cryptos and run and are providing the users a portion of the former holdings. Even if it's a haircut, due to theft of an exchange. At least they are doing something. Which is more than what can be said about Mt. Gox.

[PatColo]

BTC > $8K now? :o

this vlogger Dean Fougere doesn't like Etherium,

https://i.ytimg.com/vi/1QMeDZ0t94I/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLCe9nchRqZQwai_iJpG4qHZYUo8kw (https://www.youtube.com/watch?v=1QMeDZ0t94I) 7:12
Ethereum’s Vitalik Buterin advocates for Child Porn!!!! ETH 🔥... Try EOS (https://www.youtube.com/watch?v=1QMeDZ0t94I)

1,385 views
5 days ago




& vlogger Richie from Boston says crypto is satan,

https://i.ytimg.com/vi/l7r4FeBE7DY/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLD7OdCaX9iAax3JzJOoPeh6hDfOMA (https://www.youtube.com/watch?v=l7r4FeBE7DY) 7:20
What you need to Know about BITCOIN (https://www.youtube.com/watch?v=l7r4FeBE7DY)

16,912 views
2 days ago

[PatColo]

lots of btc talk in this, Sean/SGT Report

https://i.ytimg.com/vi/2OO7FphFpyU/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLB4W93xUe8JB8bZX4l_WGPETNGzMw (https://www.youtube.com/watch?v=2OO7FphFpyU) 32:19
GOLD & SILVER BULLS CAPITULATE: BOTTOM IN? (https://www.youtube.com/watch?v=2OO7FphFpyU)

19,106 views
1 day ago



Published on Nov 21, 2017
Keith Neumeyer returns to SGT Report to discuss the future of gold, silver, cryptos, mining stocks AND the capitulation of former gold and silver bulls which in my mind signals a BOTTOM in this unloved space. Clif High personally told me his web bot data shows that there will be a present for gold & silver in December. We shall see...

[RatHoler]

Please tell me about Cardano (ADA).

Is it a lottery ticket or complete bullshit?

I didn't want to create a new thread in case ADA is a scam so I hijacked this old thread instead.

Thx!

[StreetsOfGold]

Please tell me about Cardano (ADA).

Is it a lottery ticket or complete bullshit?

I didn't want to create a new thread in case ADA is a scam so I hijacked this old thread instead.

Thx!

TMI, one of the BEST crytpo youtube channels out there suggests a buy on this one.


https://www.youtube.com/watch?v=9YSXmrcPCLI

[goldira]

Bitcoin is the first technology of its kind which serves as a digital currency backed by mathematical trust. Bitcoin was created by Satoshi Nakamoto back in 2009 and has since spawned hundreds if not thousands of altcoins through ICO's and public blockchain ledgers. Since Bitcoin has a large chunk of the media attention, the entire cryptocurrency market is often referred by its most popular coin. There is a limited quantity of it and most people hold it as a store of value, so I think it would be worthwhile to have some just like gold as a precious metal.

[Neuro]

Bitcoin is the first technology of its kind which serves as a digital currency backed by mathematical trust. Bitcoin was created by Satoshi Nakamoto back in 2009 and has since spawned hundreds if not thousands of altcoins through ICO's and public blockchain ledgers. Since Bitcoin has a large chunk of the media attention, the entire cryptocurrency market is often referred by its most popular coin. There is a limited quantity of it and most people hold it as a store of value, so I think it would be worthwhile to have some just like gold as a precious metal.

Fascinating... You are most likely a spambot, but go on...

[PatColo]

Fascinating... You are most likely a spambot, but go on...


aww don't be mean. I thought it was an impressive first post. Even copy/pasted a bit into joogle, in quotes, to check if it was a c/p job from somewhere else,
https://www.google.com/search?source=hp&ei=AWHiXOSNNdbY-wSUm5fwDQ&q=%22Bitcoin+is+the+first+technology+of+its+kind+w hich+serves+as+a+digital+currency+backed+by+mathem atical+trust.+Bitcoin+was+created+by%22&oq=%22Bitcoin+is+the+first+technology+of+its+kind+ which+serves+as+a+digital+currency+backed+by+mathe matical+trust.+Bitcoin+was+created+by%22&gs_l=psy-ab.12...55362.57796..58402...0.0..0.178.358.3j1... ...1....1j2..gws-wiz.....0.X0pfIaNV_vY

comes up clean, suggesting it was truly their own composition. :)

sorry goldira; we seldom get new member/first posts here which aren't spam. :rolleyes:
Welcome! Tell a bit about yourself if you'd like. For example, are you properly anti-semitic (http://gold-silver.us/forum/showthread.php?55563-35-Million-Americans-Harbor-an-Ugly-Secret) like us? Where are u on the holohoax? (http://gold-silver.us/forum/showthread.php?54461-Introduction-to-the-Holocaust%99-Hoax) --H H--

[monty]

Congressman wants to ban bitcoin because it threatens Federal Reserve

https://www.sovereignman.com/trends/congressman-wants-to-ban-bitcoin-because-it-threatens-the-federal-reserve-25126/ (https://www.sovereignman.com/trends/congressman-wants-to-ban-bitcoin-because-it-threatens-the-federal-reserve-25126/?utm_medium=email&utm_source=sm_notes&utm_campaign=notes&utm_content=20190524_bit_fed)


A US Congressman wants to ban Bitcoin for threatening the Federal Reserve


A US Congressman, Brad Sherman, is worried that Bitcoin and other cryptocurrencies will threaten US foreign policy, tax collection, and traditional law enforcement.

So his solution is to ban it.

Last week he urged his colleagues to make it illegal to mine, sell, or use Bitcoin and other cryptocurrencies in the United States.

The problem, he says, is that the US currently gains much of its power from the fact that most international money moves in US dollars, through the Federal Reserve.

“It is the announced purpose of the supporters of cryptocurrency to take that power away from us… the advantage of crypto over sovereign currency is solely to aid in the disempowerment of the United States and the rule of law."

His version of “rule of law” includes things like civil asset forfeiture, just straight up stealing cash from people without even charging them with a crime.

So yes, if that is the type of “traditional law enforcement” Congressman Sherman fears will be undermined, he is correct.

And since US foreign policy involves funding endless wars with an inflationary fiat currency… well, he’s right again.

The aim of cryptocurrency is to hand the power of the purse back to the people.

Which is why it is comical that he thinks the cryptocurrency movement even could be nipped in the bud if they tried

Click here for the full story. (https://is-tracking-link-api-prod.appspot.com/api/v1/click/4841839958425600/4590701354418176)

[C.Martel]

If the Freedom Dividend passes, you will have 230 million Americans collecting 1K additionally per month, who will be asking about bitcoin. :o

And gold and silver prices will shoot to the moon also, without inflation. People will be paying off their debts too, so there will be deflation (FRNs being destroyed). Deflation with inflating gold and silver prices.

A President Yang would be favorable to Bitcoin


Andrew Yang Just Made Bitcoin And Blockchain A Big 2020 U.S. Presidential Election Issue
Billy Bambrough
Billy Bambrough
Contributor
Crypto & Blockchain
I write about how bitcoin, crypto and blockchain can change the world.

Bitcoin, cryptocurrency, and blockchain awareness got a big boost from bitcoin's epic 2017 bull run, which has been furthered by some of the world's biggest technology companies jumping into bitcoin and crypto.

The bitcoin price, although it remains far under the near $20,000 per bitcoin it reached in late 2017, has rebounded strongly this year, rising some 200% and helping bitcoin and crypto back into the mainstream conversation.

Now, bitcoin, crypto, and blockchain have become a big 2020 U.S. presidental issue thanks to Democratic presidential hopeful Andrew Yang endorsing blockchain, bitcoin's underlying technology, shortly after U.S. president Donald Trump tweeted about bitcoin and U.S. Tresury secretary Steven Mnuchin shocked the crypto industry by labelling bitcoin a national security issue.
bitcoin, bitcoin price, Donald Trump, Andrew Yang, image

Bitcoin, crypto, and blockchain have been thrust into the public consciousness by U.S. president ... [+]Getty Images

Yang, who is heavily campaigning on the risks of automation to the economy, has promised to implement a blockchain-based mobile voting system if he wins upcoming U.S. presidential election.
Today In: Money

"It’s ridiculous that in 2020 we are still standing in line for hours to vote in antiquated voting booths," Yang wrote on his campaign website.

"It is 100% technically possible to have fraud-proof voting on our mobile phones today using the blockchain. This would revolutionize true democracy and increase participation to include all Americans—those without smartphones could use the legacy system and lines would be very short."
PROMOTED

It's not the first time Yang has spoken about bitcoin, crypto and blockchain.

In April, Yang called for clearer guidelines for companies and individuals on bitcoin and cryptocurrency acceptance and investments—while also talking up blockchain.

Just last month, Humanity Forward Fund, a political action committee supporting Yang, announced it would begin accepting bitcoin donations.

Elsewhere, the outspoken former Republican congressman and presidential candidate Ron Paul has also voiced his support of bitcoin, cryptocurrencies and blockchain, telling CNBC last month more competition between currencies is a good thing.

The 2020 U.S. presidential election, now under 18 months away, is already gearing up to be the fiercest election ever fought in the U.S.—with both sides determined to prevent the other from winning.
bitcoin, bitcoin price, Andrew Yang, Donald Trump, chart

Bitcoin's resurgence this year has pushed it back into the public consciousness. Coindesk

The bitcoin and cryptocurrency world was left reeling after Trump unleashed a scathing attack on bitcoin and cryptocurrencies, branding them "unregulated crypto assets" and based on "thin air," following social media giant Facebook's unveiling of its potential bitcoin rival, libra.

Trump has long had a fractious relationship with Facebook, which he has accused of trying to swing the 2016 U.S. presidential election in favour of Hilary Clinton and which has also been accused of failing to prevent U.S. voters of seeing illegal pro-Trump ads.

Trump's attack on bitcoin and crypto was called "the largest bull signal for [bitcoin] ever," by one crypto industry executive.

https://www.forbes.com/sites/billybambrough/2019/08/27/andrew-yang-2020-us-presidential-election-issue/#7e46ea868b68

[madfranks]

If the Freedom Dividend passes, you will have 230 million Americans collecting 1K additionally per month, who will be asking about bitcoin. :o

And gold and silver prices will shoot to the moon also, without inflation. People will be paying off their debts too, so there will be deflation (FRNs being destroyed). Deflation with inflating gold and silver prices.

A President Yang would be favorable to Bitcoin



https://www.forbes.com/sites/billybambrough/2019/08/27/andrew-yang-2020-us-presidential-election-issue/#7e46ea868b68

I agree, it would be. But I am not betting that Yang will make it much further, sorry to say.

[Neuro]

LOL deflation with free money to every one...

[RatHoler]

Please tell me about Cardano (ADA).

Is it a lottery ticket or complete bullshit?

I didn't want to create a new thread in case ADA is a scam so I hijacked this old thread instead.

Thx!
Cardano was 3 cents when I asked the above question. It's now 14 cents (almost a five bagger). What's the upside here boys and girls?

[Shami-Amourae]

Cardano was 3 cents when I asked the above question. It's now 14 cents (almost a five bagger). What's the upside here boys and girls?

Likely $1 by the end of the year. That's a guestimate.

It depends how Goguen goes. That's the Smart Contract upgrade to Cardano now that the main Shelley hard fork has been done.

Shelley was Proof of Stake.
Goguen is Smart Contracts.


Depending on how this goes it could be a serious competition to Ethereum, or not.

The issue is Haskell, the programming language of Cardano is very difficult to learn/use BUT it's also the most secure (banks use it). This is a trade-off since the coding that Ethereum uses is easy to learn but unsecure in comparison to Haskell. Haskell will make adoption harder, but will attract larger, more serious institutions and players to it to run their Smart Contracts.

What this all means is the price of Cardano may take longer to be realized, and they have to deliver everything on time since the battle for who controls Smart Contracts (the literal Web 3.0) is like the current space race. If you invest in the right one you could easily become a millionaire.


The 2 main serious rivals to Ethereum are Cardano and PolkaDot. I personally am invested heavily in both as insurance policies to Ethereum.

[RatHoler]

Likely $1 by the end of the year. That's a guestimate.
Thanks for the reply Shami. You're one of the guys here that seems to have the most knowledge of cryptos. I wish I would have bought it when I asked my original question back in December 2018.

[Shami-Amourae]

Thanks for the reply Shami. You're one of the guys here that seems to have the most knowledge of cryptos. I wish I would have bought it when I asked my original question back in December 2018.

I recommend PolkaDot projects instead, not Cardano. Cardano is already in the top 10.
PolkaDot was founded by one of the 3 original founders of Ethereum, Gavin Wood. Cardano was founded by one of the regular devs of Ethereum.

I know that sounds insane, but PolkaDot projects have a bigger gain potential. Investing in PolkaDot directly is more tricky.

Here's a list of projects:
https://forum.web3.foundation/t/teams-building-on-polkadot/67

For currently investable projects that are low market cap, here's a list:
https://www.coingecko.com/en/coins/sora (Currently $77.33)
https://www.coingecko.com/en/coins/openanx <--Doubtful on this one, GitHub activity is low (Currently $0.154868)
https://www.coingecko.com/en/coins/darwinia-commitment-token (Currently $119.19)
https://www.coingecko.com/en/coins/darwinia-network-native-token (Currently $0.050333)


Watch the Crypto Chico videos on PolkaDot. He's the biggest shill for it on YouTube and his shills have made me several 10x gains this year.

https://www.youtube.com/watch?v=NmdocI31vuo

https://www.youtube.com/watch?v=YnxQ48ZDbPo

The founder of PolkaDot, Gavin Wood also runs the Web 3.0 Foundation. His project, PolkaDot seeks to make things like Ethereum, but making everything idiot proof with point, click, drag+drop solutions making it so anyone can make Smart Contracts and Blockchain setups. It's like the easy to use website builders of today where you just point and click a few things and its done. This is likely to get more widespread adoption that Cardano since of ease of use (extremely important).

Everything in our world will become tolkenized and connected through the blockchain -- that's the vision of the future. From your toaster, to trials by jury (https://www.coingecko.com/en/coins/aragon-court), to voting.

https://web3.foundation/

[RatHoler]

^
You're a stud brother!
Thx for all of the links to investigate.