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Where is Bitcoin Going and When?

Where is Bitcoin Going and When?

The Federal Reserve and the United States government are pumping extreme amounts of money into the economy, already totaling over $484 billion. They are doing so because it already had a goal to inflate the United States Dollar (USD) so that the market can continue to all-time highs. It has always had this goal. They do not care how much inflation goes up by now as we are going into a depression with the potential to totally crash the US economy forever. They believe the only way to save the market from going to zero or negative values is to inflate it so much that it cannot possibly crash that low. Even if the market does not dip that low, inflation serves the interest of powerful people.
The impending crash of the stock market has ramifications for Bitcoin, as, though there is no direct ongoing-correlation between the two, major movements in traditional markets will necessarily affect Bitcoin. According to the Blockchain Center’s Cryptocurrency Correlation Tool, Bitcoin is not correlated with the stock market. However, when major market movements occur, they send ripples throughout the financial ecosystem which necessary affect even ordinarily uncorrelated assets.
Therefore, Bitcoin will reach X price on X date after crashing to a price of X by X date.

Stock Market Crash

The Federal Reserve has caused some serious consternation with their release of ridiculous amounts of money in an attempt to buoy the economy. At face value, it does not seem to have any rationale or logic behind it other than keeping the economy afloat long enough for individuals to profit financially and politically. However, there is an underlying basis to what is going on which is important to understand in order to profit financially.
All markets are functionally price probing systems. They constantly undergo a price-discovery process. In a fiat system, money is an illusory and a fundamentally synthetic instrument with no intrinsic value – similar to Bitcoin. The primary difference between Bitcoin is the underlying technology which provides a slew of benefits that fiat does not. Fiat, however, has an advantage in being able to have the support of powerful nation-states which can use their might to insure the currency’s prosperity.
Traditional stock markets are composed of indices (pl. of index). Indices are non-trading market instruments which are essentially summaries of business values which comprise them. They are continuously recalculated throughout a trading day, and sometimes reflected through tradable instruments such as Exchange Traded Funds or Futures. Indices are weighted by market capitalizations of various businesses.
Price theory essentially states that when a market fails to take out a new low in a given range, it will have an objective to take out the high. When a market fails to take out a new high, it has an objective to make a new low. This is why price-time charts go up and down, as it does this on a second-by-second, minute-by-minute, day-by-day, and even century-by-century basis. Therefore, market indices will always return to some type of bull market as, once a true low is formed, the market will have a price objective to take out a new high outside of its’ given range – which is an all-time high. Instruments can only functionally fall to zero, whereas they can grow infinitely.
So, why inflate the economy so much?
Deflation is disastrous for central banks and markets as it raises the possibility of producing an overall price objective of zero or negative values. Therefore, under a fractional reserve system with a fiat currency managed by a central bank – the goal of the central bank is to depreciate the currency. The dollar is manipulated constantly with the intention of depreciating its’ value.
Central banks have a goal of continued inflated fiat values. They tend to ordinarily contain it at less than ten percent (10%) per annum in order for the psyche of the general populace to slowly adjust price increases. As such, the markets are divorced from any other logic. Economic policy is the maintenance of human egos, not catering to fundamental analysis. Gross Domestic Product (GDP) growth is well-known not to be a measure of actual growth or output. It is a measure of increase in dollars processed. Banks seek to produce raising numbers which make society feel like it is growing economically, making people optimistic. To do so, the currency is inflated, though inflation itself does not actually increase growth. When society is optimistic, it spends and engages in business – resulting in actual growth. It also encourages people to take on credit and debts, creating more fictional fiat.
Inflation is necessary for markets to continue to reach new heights, generating positive emotional responses from the populace, encouraging spending, encouraging debt intake, further inflating the currency, and increasing the sale of government bonds. The fiat system only survives by generating more imaginary money on a regular basis.
Bitcoin investors may profit from this by realizing that stock investors as a whole always stand to profit from the market so long as it is managed by a central bank and does not collapse entirely. If those elements are filled, it has an unending price objective to raise to new heights. It also allows us to realize that this response indicates that the higher-ups believe that the economy could crash in entirety, and it may be wise for investors to have multiple well-thought-out exit strategies.

Economic Analysis of Bitcoin

The reason why the Fed is so aggressively inflating the economy is due to fears that it will collapse forever or never rebound. As such, coupled with a global depression, a huge demand will appear for a reserve currency which is fundamentally different than the previous system. Bitcoin, though a currency or asset, is also a market. It also undergoes a constant price-probing process. Unlike traditional markets, Bitcoin has the exact opposite goal. Bitcoin seeks to appreciate in value and not depreciate. This has a quite different affect in that Bitcoin could potentially become worthless and have a price objective of zero.
Bitcoin was created in 2008 by a now famous mysterious figure known as Satoshi Nakamoto and its’ open source code was released in 2009. It was the first decentralized cryptocurrency to utilize a novel protocol known as the blockchain. Up to one megabyte of data may be sent with each transaction. It is decentralized, anonymous, transparent, easy to set-up, and provides myriad other benefits. Bitcoin is not backed up by anything other than its’ own technology.
Bitcoin is can never be expected to collapse as a framework, even were it to become worthless. The stock market has the potential to collapse in entirety, whereas, as long as the internet exists, Bitcoin will be a functional system with a self-authenticating framework. That capacity to persist regardless of the actual price of Bitcoin and the deflationary nature of Bitcoin means that it has something which fiat does not – inherent value.
Bitcoin is based on a distributed database known as the “blockchain.” Blockchains are essentially decentralized virtual ledger books, replete with pages known as “blocks.” Each page in a ledger is composed of paragraph entries, which are the actual transactions in the block.
Blockchains store information in the form of numerical transactions, which are just numbers. We can consider these numbers digital assets, such as Bitcoin. The data in a blockchain is immutable and recorded only by consensus-based algorithms. Bitcoin is cryptographic and all transactions are direct, without intermediary, peer-to-peer.
Bitcoin does not require trust in a central bank. It requires trust on the technology behind it, which is open-source and may be evaluated by anyone at any time. Furthermore, it is impossible to manipulate as doing so would require all of the nodes in the network to be hacked at once – unlike the stock market which is manipulated by the government and “Market Makers”. Bitcoin is also private in that, though the ledge is openly distributed, it is encrypted. Bitcoin’s blockchain has one of the greatest redundancy and information disaster recovery systems ever developed.
Bitcoin has a distributed governance model in that it is controlled by its’ users. There is no need to trust a payment processor or bank, or even to pay fees to such entities. There are also no third-party fees for transaction processing. As the ledge is immutable and transparent it is never possible to change it – the data on the blockchain is permanent. The system is not easily susceptible to attacks as it is widely distributed. Furthermore, as users of Bitcoin have their private keys assigned to their transactions, they are virtually impossible to fake. No lengthy verification, reconciliation, nor clearing process exists with Bitcoin.
Bitcoin is based on a proof-of-work algorithm. Every transaction on the network has an associated mathetical “puzzle”. Computers known as miners compete to solve the complex cryptographic hash algorithm that comprises that puzzle. The solution is proof that the miner engaged in sufficient work. The puzzle is known as a nonce, a number used only once. There is only one major nonce at a time and it issues 12.5 Bitcoin. Once it is solved, the fact that the nonce has been solved is made public.
A block is mined on average of once every ten minutes. However, the blockchain checks every 2,016,000 minutes (approximately four years) if 201,600 blocks were mined. If it was faster, it increases difficulty by half, thereby deflating Bitcoin. If it was slower, it decreases, thereby inflating Bitcoin. It will continue to do this until zero Bitcoin are issued, projected at the year 2140. On the twelfth of May, 2020, the blockchain will halve the amount of Bitcoin issued when each nonce is guessed. When Bitcoin was first created, fifty were issued per block as a reward to miners. 6.25 BTC will be issued from that point on once each nonce is solved.
Unlike fiat, Bitcoin is a deflationary currency. As BTC becomes scarcer, demand for it will increase, also raising the price. In this, BTC is similar to gold. It is predictable in its’ output, unlike the USD, as it is based on a programmed supply. We can predict BTC’s deflation and inflation almost exactly, if not exactly. Only 21 million BTC will ever be produced, unless the entire network concedes to change the protocol – which is highly unlikely.
Some of the drawbacks to BTC include congestion. At peak congestion, it may take an entire day to process a Bitcoin transaction as only three to five transactions may be processed per second. Receiving priority on a payment may cost up to the equivalent of twenty dollars ($20). Bitcoin mining consumes enough energy in one day to power a single-family home for an entire week.

Trading or Investing?

The fundamental divide in trading revolves around the question of market structure. Many feel that the market operates totally randomly and its’ behavior cannot be predicted. For the purposes of this article, we will assume that the market has a structure, but that that structure is not perfect. That market structure naturally generates chart patterns as the market records prices in time. In order to determine when the stock market will crash, causing a major decline in BTC price, we will analyze an instrument, an exchange traded fund, which represents an index, as opposed to a particular stock. The price patterns of the various stocks in an index are effectively smoothed out. In doing so, a more technical picture arises. Perhaps the most popular of these is the SPDR S&P Standard and Poor 500 Exchange Traded Fund ($SPY).
In trading, little to no concern is given about value of underlying asset. We are concerned primarily about liquidity and trading ranges, which are the amount of value fluctuating on a short-term basis, as measured by volatility-implied trading ranges. Fundamental analysis plays a role, however markets often do not react to real-world factors in a logical fashion. Therefore, fundamental analysis is more appropriate for long-term investing.
The fundamental derivatives of a chart are time (x-axis) and price (y-axis). The primary technical indicator is price, as everything else is lagging in the past. Price represents current asking price and incorrectly implementing positions based on price is one of the biggest trading errors.
Markets and currencies ordinarily have noise, their tendency to back-and-fill, which must be filtered out for true pattern recognition. That noise does have a utility, however, in allowing traders second chances to enter favorable positions at slightly less favorable entry points. When you have any market with enough liquidity for historical data to record a pattern, then a structure can be divined. The market probes prices as part of an ongoing price-discovery process. Market technicians must sometimes look outside of the technical realm and use visual inspection to ascertain the relevance of certain patterns, using a qualitative eye that recognizes the underlying quantitative nature
Markets and instruments rise slower than they correct, however they rise much more than they fall. In the same vein, instruments can only fall to having no worth, whereas they could theoretically grow infinitely and have continued to grow over time. Money in a fiat system is illusory. It is a fundamentally synthetic instrument which has no intrinsic value. Hence, the recent seemingly illogical fluctuations in the market.
According to trade theory, the unending purpose of a market or instrument is to create and break price ranges according to the laws of supply and demand. We must determine when to trade based on each market inflection point as defined in price and in time as opposed to abandoning the trend (as the contrarian trading in this sub often does). Time and Price symmetry must be used to be in accordance with the trend. When coupled with a favorable risk to reward ratio, the ability to stay in the market for most of the defined time period, and adherence to risk management rules; the trader has a solid methodology for achieving considerable gains.
We will engage in a longer term market-oriented analysis to avoid any time-focused pressure. The Bitcoin market is open twenty-four-hours a day, so trading may be done when the individual is ready, without any pressing need to be constantly alert. Let alone, we can safely project months in advance with relatively high accuracy. Bitcoin is an asset which an individual can both trade and invest, however this article will be focused on trading due to the wide volatility in BTC prices over the short-term.

Technical Indicator Analysis of Bitcoin

Technical indicators are often considered self-fulfilling prophecies due to mass-market psychology gravitating towards certain common numbers yielded from them. They are also often discounted when it comes to BTC. That means a trader must be especially aware of these numbers as they can prognosticate market movements. Often, they are meaningless in the larger picture of things.
  • Volume – derived from the market itself, it is mostly irrelevant. The major problem with volume for stocks is that the US market open causes tremendous volume surges eradicating any intrinsic volume analysis. This does not occur with BTC, as it is open twenty-four-seven. At major highs and lows, the market is typically anemic. Most traders are not active at terminal discretes (peaks and troughs) because of levels of fear. Volume allows us confidence in time and price symmetry market inflection points, if we observe low volume at a foretold range of values. We can rationalize that an absolute discrete is usually only discovered and anticipated by very few traders. As the general market realizes it, a herd mentality will push the market in the direction favorable to defending it. Volume is also useful for swing trading, as chances for swing’s validity increases if an increase in volume is seen on and after the swing’s activation. Volume is steadily decreasing. Lows and highs are reached when volume is lower.
Therefore, due to the relatively high volume on the 12th of March, we can safely determine that a low for BTC was not reached.
  • VIX – Volatility Index, this technical indicator indicates level of fear by the amount of options-based “insurance” in portfolios. A low VIX environment, less than 20 for the S&P index, indicates a stable market with a possible uptrend. A high VIX, over 20, indicates a possible downtrend. VIX is essentially useless for BTC as BTC-based options do not exist. It allows us to predict the market low for $SPY, which will have an indirect impact on BTC in the short term, likely leading to the yearly low. However, it is equally important to see how VIX is changing over time, if it is decreasing or increasing, as that indicates increasing or decreasing fear. Low volatility allows high leverage without risk or rest. Occasionally, markets do rise with high VIX.
As VIX is unusually high, in the forties, we can be confident that a downtrend for the S&P 500 is imminent.
  • RSI (Relative Strength Index): The most important technical indicator, useful for determining highs and lows when time symmetry is not availing itself. Sometimes analysis of RSI can conflict in different time frames, easiest way to use it is when it is at extremes – either under 30 or over 70. Extremes can be used for filtering highs or lows based on time-and-price window calculations. Highly instructive as to major corrective clues and indicative of continued directional movement. Must determine if longer-term RSI values find support at same values as before. It is currently at 73.56.
  • Secondly, RSI may be used as a high or low filter, to observe the level that short-term RSI reaches in counter-trend corrections. Repetitions based on market movements based on RSI determine how long a trade should be held onto. Once a short term RSI reaches an extreme and stay there, the other RSI’s should gradually reach the same extremes. Once all RSI’s are at extreme highs, a trend confirmation should occur and RSI’s should drop to their midpoint.

Trend Definition Analysis of Bitcoin

Trend definition is highly powerful, cannot be understated. Knowledge of trend logic is enough to be a profitable trader, yet defining a trend is an arduous process. Multiple trends coexist across multiple time frames and across multiple market sectors. Like time structure, it makes the underlying price of the instrument irrelevant. Trend definitions cannot determine the validity of newly formed discretes. Trend becomes apparent when trades based in counter-trend inflection points continue to fail.
Downtrends are defined as an instrument making lower lows and lower highs that are recurrent, additive, qualified swing setups. Downtrends for all instruments are similar, except forex. They are fast and complete much quicker than uptrends. An average downtrend is 18 months, something which we will return to. An uptrend inception occurs when an instrument reaches a point where it fails to make a new low, then that low will be tested. After that, the instrument will either have a deep range retracement or it may take out the low slightly, resulting in a double-bottom. A swing must eventually form.
A simple way to roughly determine trend is to attempt to draw a line from three tops going upwards (uptrend) or a line from three bottoms going downwards (downtrend). It is not possible to correctly draw a downtrend line on the BTC chart, but it is possible to correctly draw an uptrend – indicating that the overall trend is downwards. The only mitigating factor is the impending stock market crash.

Time Symmetry Analysis of Bitcoin

Time is the movement from the past through the present into the future. It is a measurement in quantified intervals. In many ways, our perception of it is a human construct. It is more powerful than price as time may be utilized for a trade regardless of the market inflection point’s price. Were it possible to perfectly understand time, price would be totally irrelevant due to the predictive certainty time affords. Time structure is easier to learn than price, but much more difficult to apply with any accuracy. It is the hardest aspect of trading to learn, but also the most rewarding.
Humans do not have the ability to recognize every time window, however the ability to define market inflection points in terms of time is the single most powerful trading edge. Regardless, price should not be abandoned for time alone. Time structure analysis It is inherently flawed, as such the markets have a fail-safe, which is Price Structure. Even though Time is much more powerful, Price Structure should never be completely ignored. Time is the qualifier for Price and vice versa. Time can fail by tricking traders into counter-trend trading.
Time is a predestined trade quantifier, a filter to slow trades down, as it allows a trader to specifically focus on specific time windows and rest at others. It allows for quantitative measurements to reach deterministic values and is the primary qualifier for trends. Time structure should be utilized before price structure, and it is the primary trade criterion which requires support from price. We can see price structure on a chart, as areas of mathematical support or resistance, but we cannot see time structure.
Time may be used to tell us an exact point in the future where the market will inflect, after Price Theory has been fulfilled. In the present, price objectives based on price theory added to possible future times for market inflection points give us the exact time of market inflection points and price.
Time Structure is repetitions of time or inherent cycles of time, occurring in a methodical way to provide time windows which may be utilized for inflection points. They are not easily recognized and not easily defined by a price chart as measuring and observing time is very exact. Time structure is not a science, yet it does require precise measurements. Nothing is certain or definite. The critical question must be if a particular approach to time structure is currently lucrative or not.
We will measure it in intervals of 180 bars. Our goal is to determine time windows, when the market will react and when we should pay the most attention. By using time repetitions, the fact that market inflection points occurred at some point in the past and should, therefore, reoccur at some point in the future, we should obtain confidence as to when SPY will reach a market inflection point. Time repetitions are essentially the market’s memory. However, simply measuring the time between two points then trying to extrapolate into the future does not work. Measuring time is not the same as defining time repetitions. We will evaluate past sessions for market inflection points, whether discretes, qualified swings, or intra-range. Then records the times that the market has made highs or lows in a comparable time period to the future one seeks to trade in.
What follows is a time Histogram – A grouping of times which appear close together, then segregated based on that closeness. Time is aligned into combined histogram of repetitions and cycles, however cycles are irrelevant on a daily basis. If trading on an hourly basis, do not use hours.
  • Yearly Lows (last seven years): 1/1/13, 4/10/14, 1/15/15, 1/17/16, 1/1/17, 12/15/18, 2/6/19
  • Monthly Mode: 1, 1, 1, 1, 2, 4, 12
  • Daily Mode: 1, 1, 6, 10, 15, 15, 17
  • Monthly Lows (for the last year): 3/12/20 (10:00pm), 2/28/20 (7:09am), 1/2/20 (8:09pm), 12/18/19 (8:00am), 11/25/19 (1:00am), 10/24/19 (2:59am), 9/30/19 (2:59am), 8/29,19 (4:00am), 7/17/19 (7:59am), 6/4/19 (5:59pm), 5/1/19 (12:00am), 4/1/19 (12:00am)
  • Daily Lows Mode for those Months: 1, 1, 2, 4, 12, 17, 18, 24, 25, 28, 29, 30
  • Hourly Lows Mode for those Months (Military time): 0100, 0200, 0200, 0400, 0700, 0700, 0800, 1200, 1200, 1700, 2000, 2200
  • Minute Lows Mode for those Months: 00, 00, 00, 00, 00, 00, 09, 09, 59, 59, 59, 59
  • Day of the Week Lows (last twenty-six weeks):
Weighted Times are repetitions which appears multiple times within the same list, observed and accentuated once divided into relevant sections of the histogram. They are important in the presently defined trading time period and are similar to a mathematical mode with respect to a series. Phased times are essentially periodical patterns in histograms, though they do not guarantee inflection points
Evaluating the yearly lows, we see that BTC tends to have its lows primarily at the beginning of every year, with a possibility of it being at the end of the year. Following the same methodology, we get the middle of the month as the likeliest day. However, evaluating the monthly lows for the past year, the beginning and end of the month are more likely for lows.
Therefore, we have two primary dates from our histogram.
1/1/21, 1/15/21, and 1/29/21
2:00am, 8:00am, 12:00pm, or 10:00pm
In fact, the high for this year was February the 14th, only thirty days off from our histogram calculations.
The 8.6-Year Armstrong-Princeton Global Economic Confidence model states that 2.15 year intervals occur between corrections, relevant highs and lows. 2.15 years from the all-time peak discrete is February 9, 2020 – a reasonably accurate depiction of the low for this year (which was on 3/12/20). (Taking only the Armstrong model into account, the next high should be Saturday, April 23, 2022). Therefore, the Armstrong model indicates that we have actually bottomed out for the year!
Bear markets cannot exist in perpetuity whereas bull markets can. Bear markets will eventually have price objectives of zero, whereas bull markets can increase to infinity. It can occur for individual market instruments, but not markets as a whole. Since bull markets are defined by low volatility, they also last longer. Once a bull market is indicated, the trader can remain in a long position until a new high is reached, then switch to shorts. The average bear market is eighteen months long, giving us a date of August 19th, 2021 for the end of this bear market – roughly speaking. They cannot be shorter than fifteen months for a central-bank controlled market, which does not apply to Bitcoin. (Otherwise, it would continue until Sunday, September 12, 2021.) However, we should expect Bitcoin to experience its’ exponential growth after the stock market re-enters a bull market.
Terry Laundy’s T-Theory implemented by measuring the time of an indicator from peak to trough, then using that to define a future time window. It is similar to an head-and-shoulders pattern in that it is the process of forming the right side from a synthetic technical indicator. If the indicator is making continued lows, then time is recalculated for defining the right side of the T. The date of the market inflection point may be a price or indicator inflection date, so it is not always exactly useful. It is better to make us aware of possible market inflection points, clustered with other data. It gives us an RSI low of May, 9th 2020.
The Bradley Cycle is coupled with volatility allows start dates for campaigns or put options as insurance in portfolios for stocks. However, it is also useful for predicting market moves instead of terminal dates for discretes. Using dates which correspond to discretes, we can see how those dates correspond with changes in VIX.
Therefore, our timeline looks like:
  • 2/14/20 – yearly high ($10372 USD)
  • 3/12/20 – yearly low thus far ($3858 USD)
  • 5/9/20 – T-Theory true yearly low (BTC between 4863 and 3569)
  • 5/26/20 – hashrate difficulty halvening
  • 11/14/20 – stock market low
  • 1/15/21 – yearly low for BTC, around $8528
  • 8/19/21 – end of stock bear market
  • 11/26/21 – eighteen months from halvening, average peak from halvenings (BTC begins rising from $3000 area to above $23,312)
  • 4/23/22 – all-time high
Taken from my blog: http://aliamin.info/2020/
submitted by aibnsamin1 to Bitcoin [link] [comments]

Moon Math Update: Core and the acceptance of the first practical scaling solution

Looking at yesterday's post again, it's apparent that clarification is needed.
We have Lightning. We have Segwit. We have the best development team with the most experience implementing their own vision.

This is not a political debate.

This is a discussion about software engineering that everyone can participate in. You can talk about it, and you can vote with your dollars. How you decide to participate in it will have financial implications no matter what you do.
Even though this is a conversation that you are forced to participate in, it does still have a lot of nuance and complication. Segwit and Lightning aren't understood. Motivations for their creation don't seem to be understood. Their actual implementations aren't understood at all. The distinctions between Core's implementations and Altcoin implementations isn't understood. Adoption rates of Segwit aren't understood. Leaving Segwit out of the Core wallet GUI isn't understood. The rate of Segwit adoption isn't understood. The implications of doubling the rate of growth of the blockchain with a single change aren't understood... Lots of things are not understood and Core is busier solving issues than they are explaining them to people who don't understand the issues they are solving.

That's too much to research: I don't care

I'm trying to get people engaged in the conversation so they can find motivation to understand. I, we, need communicate with people who disagree with us to do that. I, we, want and need to hear complete and sensible arguments that make us rethink our positions and complete our perspectives. It doesn't make you right to be that person. It also doesn't make you wrong. However, we do need faith that Core knows what the hell they are doing. If we don't have that faith, then we need a good explanation, because all of them are at the very top of their field and doing the very best work.

How do you know that Core is best in class

I read the commit history and the commit logs, and you can too. I read the source code, and you can too. I see the bug reports, and you can too. I review the conversations they have, and you can too.
No other blockchain project I'm aware of is operating at this high of a level. If you disagree with that, I need to see you reference these sources. Otherwise, your disagreement is just your opinion. Opinions are like assholes, everyone has one. Do your homework. Point at the specific problems you're observing. It's not enough to have an opinion; you need to have a reason why.

Why is Core leveraging economic pressure onto the community adopt their scaling solutions?

The central premise of the blockchain as a solution for the Byzantine General's Problem is that the collective we can continue forcing future generations to store and re-record the transactions of the past. There are mathematically proven realities that force design choices onto software developers who are aware of this. One rule is that you cannot have or imply a rate of storage that grows at a logarithmic rate.
You can argue that the rate of growth for the blockchain is irrelevant because storage density increases with Moore's Law, Logarithmically or exponentially. That argument does negate the above first rule. However, Bitcoin Core devs are following the implications that they see when they make design choices, and not just what is shown when they write out the implications of their choices using Big O notation.

What does it mean or imply when you say that Core is looking at more than just the Big O notation?

Doubling the rate of growth of the blockchain implies a logarithmic increase in the size of the blockchain through an analysis using Big O notation against the source code. Big O notation only shows a linear change. Objectively, the blockchain will only grow at a linear rate.
However, we see that a logarithmic change is implied. The logarithmic rate of growth is observed outside of the source code. We can see pieces of it in the issues that are filed in GitHub and the conversations devs have about the changes they want to make. What we see when we're observing the software from the outside is a singe change that doubles the rate of growth of the blockchain.

Big O says it's linear change, but we observe an exponential change. Why?

If we accept that the only way to increase the transaction limit is to increase the required size of the storage medium, that's what we'll do. After some period the blocks will fill up again and we'll be back to where we started. Economic pressure will again force developers to increase the block size. So, to meaningfully change it they double the block size again. This scaling problem will increase at some regular interval. That shows exponential growth in the size of the block chain.
The block size proposal is not a solution to the scaling problem, it's capitulation to the problem. That's the solution you see implemented by most blockchains today, and it's why they'll all eventually fail.

So, if you can't safely solve the problem by increasing the block size then how do you solve it?

You solve it by sharing the responsibility with other block chains and optimizing the way you store information in the block space you already have. That's Segwit and Lightning. There may be, and probably will be, more solutions that don't require increasing the block size in the future.

Why is everyone bitching about it, then?

The problem with these solutions are that they require the community to participate in the process. It forces people who are economically rewarded by their participation, to make changes in how they interact with Bitcoin.
I must pay to transfer my coins to a Segwit wallet that utilizes lightning if I want free transactions. That's going to cost money and be a pain in the ass.
Coinbase must hire developers to implement these solutions. Then it must pay people to maintain them. Obviously, they'd rather not do that. So, they tried to pass that responsibility off to everyone else. Finally, today, they capitulated. They were successfully forced to participate by contributing directly to the Bitcoin ecosystem instead of relentlessly and freely profiting from it.

Conclusion

The economic pressure Core is placing on vendors is part of the software solution to the scaling problem, and it's working. Today, Brain Armstrong, CEO of Coinbase, announced that Coinbase is working on Segwit, and possibly Lightning.
https://twitter.com/brian_armstrong/status/951869357931425792
The implications are clear. When Coinbase implements Segwit the transaction backlog will be substantially reduced.
I keep saying that the realization that Core was always right will come in waves. This is wave one. The following waves will negatively impact all alts, save maybe one or two.
Mainstream acceptance isn't just allowing Bitcoin to exist, buy, and hodl. Mainstream acceptance is integrating directly into a single established backbone via software and networks. Bitcoin is establishing a long-term presence as a financial backbone. That's lightning, and Coinbase, along with others, who will implement a viable business model on top of a single tool that outcompetes all banks and institutions that are trying to implement this, badly, for themselves.
How many alts are going to have Segwit and lightning, and then have Coinbase integrate their business model into that? Not a lot. How many banks will do that? None, today. The question, rather, is which one, and which open blockchain will they choose to do that with?
Good hunting.
Principle:
Go to http://moonmath.win for the full update and rainbow charts
Label 7-day Performance 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 43105 43082 43052 43022 42736 42370 42005 41640 41275 40909 40544 40377
% Change $(0.18) $(0.16) $1.12 $1.38 $12.84 $30.79 $43.00 $16.93 $1,037.23 $2,621.15 $46,041.38 $160,986.35
Daily Periodic Rate -2.64% -0.53% 1.87% 1.53% 3.42% 4.15% 3.88% 1.15% 56.46% 118.98% 1792.89% 5886.16%
Over $25,190.00 on Never!!! Never!!! 2018-02-28 2018-03-14 2018-04-06 2018-05-18 2018-07-04 2018-11-12 2018-06-16 2018-06-24 2018-05-30 2018-05-22
Over $56,234.13 on Never!!! Never!!! 2018-05-03 2018-06-05 2018-07-29 2018-11-06 2019-02-24 2019-12-26 2019-01-14 2019-02-04 2018-12-07 2018-11-21
Over $1,000,000.00 on Never!!! Never!!! 2018-12-17 2019-03-30 2019-09-13 2020-07-14 2021-06-13 2024-01-01 2021-02-12 2021-04-18 2020-10-24 2020-09-06
nannal 's A+ on NEVER!!! NEVER!!! 2018-08-04 2018-10-20 2019-03-16 2020-03-19 NEVER!!! NEVER!!! NEVER!!! NEVER!!! 2020-09-08 2020-06-19
http://moonmath.win
submitted by jarederaj to Bitcoin [link] [comments]

Your Daily Moon Math - 2018-01-12

Looking at yesterday's post again, it's apparent that clarification is needed.
We have Lightning. We have Segwit. We have the best development team with the most experience implementing their own vision.

This is not a political debate.

This is a discussion about software engineering that everyone can participate in. You can talk about it, and you can vote with your dollars. How you decide to participate in it will have financial implications no matter what you do.
Even though this is a conversation that you are forced to participate in, it does still have a lot of nuance and complication. Segwit and Lightning aren't understood. Motivations for their creation don't seem to be understood. Their actual implementations aren't understood at all. The distinctions between Core's implementations and Altcoin implementations isn't understood. Adoption rates of Segwit aren't understood. Leaving Segwit out of the Core wallet GUI isn't understood. The rate of Segwit adoption isn't understood. The implications of doubling the rate of growth of the blockchain with a single change aren't understood... Lots of things are not understood and Core is busier solving issues than they are explaining them to people who don't understand the issues they are solving.

That's too much to research: I don't care

I'm trying to get people engaged in the conversation so they can find motivation to understand. I, we, need communicate with people who disagree with us to do that. I, we, want and need to hear complete and sensible arguments that make us rethink our positions and complete our perspectives. It doesn't make you right to be that person. It also doesn't make you wrong. However, we do need faith that Core knows what the hell they are doing. If we don't have that faith, then we need a good explanation, because all of them are at the very top of their field and doing the very best work.

How do you know that Core is best in class

I read the commit history and the commit logs, and you can too. I read the source code, and you can too. I see the bug reports, and you can too. I review the conversations they have, and you can too.
No other blockchain project I'm aware of is operating at this high of a level. If you disagree with that, I need to see you reference these sources. Otherwise, your disagreement is just your opinion. Opinions are like assholes, everyone has one. Do your homework. Point at the specific problems you're observing. It's not enough to have an opinion; you need to have a reason why.

Why is Core leveraging economic pressure onto the community adopt their scaling solutions?

The central premise of the blockchain as a solution for the Byzantine General's Problem is that the collective we can continue forcing future generations to store and re-record the transactions of the past. There are mathematically proven realities that force design choices onto software developers who are aware of this. One rule is that you cannot have or imply a rate of storage that grows at a logarithmic rate.
You can argue that the rate of growth for the blockchain is irrelevant because storage density increases with Moore's Law, Logarithmically or exponentially. That argument does negate the above first rule. However, Bitcoin Core devs are following the implications that they see when they make design choices, and not just what is shown when they write out the implications of their choices using Big O notation.

What does it mean or imply when you say that Core is looking at more than just the Big O notation?

Doubling the rate of growth of the blockchain implies a logarithmic increase in the size of the blockchain through an analysis using Big O notation against the source code. Big O notation only shows a linear change. Objectively, the blockchain will only grow at a linear rate.
However, we see that a logarithmic change is implied. The logarithmic rate of growth is observed outside of the source code. We can see pieces of it in the issues that are filed in GitHub and the conversations devs have about the changes they want to make. What we see when we're observing the software from the outside is a singe change that doubles the rate of growth of the blockchain.

Big O says it's linear change, but we observe an exponential change. Why?

If we accept that the only way to increase the transaction limit is to increase the required size of the storage medium, that's what we'll do. After some period the blocks will fill up again and we'll be back to where we started. Economic pressure will again force developers to increase the block size. So, to meaningfully change it they double the block size again. This scaling problem will increase at some regular interval. That shows exponential growth in the size of the block chain.
The block size proposal is not a solution to the scaling problem, it's capitulation to the problem. That's the solution you see implemented by most blockchains today, and it's why they'll all eventually fail.

So, if you can't safely solve the problem by increasing the block size then how do you solve it?

You solve it by sharing the responsibility with other block chains and optimizing the way you store information in the block space you already have. That's Segwit and Lightning. There may be, and probably will be, more solutions that don't require increasing the block size in the future.

Why is everyone bitching about it, then?

The problem with these solutions are that they require the community to participate in the process. It forces people who are economically rewarded by their participation, to make changes in how they interact with Bitcoin.
I must pay to transfer my coins to a Segwit wallet that utilizes lightning if I want free transactions. That's going to cost money and be a pain in the ass.
Coinbase must hire developers to implement these solutions. Then it must pay people to maintain them. Obviously, they'd rather not do that. So, they tried to pass that responsibility off to everyone else. Finally, today, they capitulated. They were successfully forced to participate by contributing directly to the Bitcoin ecosystem instead of relentlessly and freely profiting from it.

Conclusion

The economic pressure Core is placing on vendors is part of the software solution to the scaling problem, and it's working. Today, Brain Armstrong, CEO of Coinbase, announced that Coinbase is working on Segwit, and possibly Lightning.
https://twitter.com/brian_armstrong/status/951869357931425792
The implications are clear. When Coinbase implements Segwit the transaction backlog will be substantially reduced.
I keep saying that the realization that Core was always right will come in waves. This is wave one. The following waves will negatively impact all alts, save maybe one or two.
Mainstream acceptance isn't just allowing Bitcoin to exist, buy, and hodl. Mainstream acceptance is integrating directly into a single established backbone via software and networks. Bitcoin is establishing a long-term presence as a financial backbone. That's lightning, and Coinbase, along with others, who will implement a viable business model on top of a single tool that outcompetes all banks and institutions that are trying to implement this, badly, for themselves.
How many alts are going to have Segwit and lightning, and then have Coinbase integrate their business model into that? Not a lot. How many banks will do that? None, today. The question, rather, is which one, and which open blockchain will they choose to do that with?
Good hunting.
Principle:
Go to http://moonmath.win for the full update and rainbow charts
Label 7-day Performance 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 43105 43082 43052 43022 42736 42370 42005 41640 41275 40909 40544 40377
% Change $(0.18) $(0.16) $1.12 $1.38 $12.84 $30.79 $43.00 $16.93 $1,037.23 $2,621.15 $46,041.38 $160,986.35
Daily Periodic Rate -2.64% -0.53% 1.87% 1.53% 3.42% 4.15% 3.88% 1.15% 56.46% 118.98% 1792.89% 5886.16%
Over $25,190.00 on Never!!! Never!!! 2018-02-28 2018-03-14 2018-04-06 2018-05-18 2018-07-04 2018-11-12 2018-06-16 2018-06-24 2018-05-30 2018-05-22
Over $56,234.13 on Never!!! Never!!! 2018-05-03 2018-06-05 2018-07-29 2018-11-06 2019-02-24 2019-12-26 2019-01-14 2019-02-04 2018-12-07 2018-11-21
Over $1,000,000.00 on Never!!! Never!!! 2018-12-17 2019-03-30 2019-09-13 2020-07-14 2021-06-13 2024-01-01 2021-02-12 2021-04-18 2020-10-24 2020-09-06
nannal 's A+ on NEVER!!! NEVER!!! 2018-08-04 2018-10-20 2019-03-16 2020-03-19 NEVER!!! NEVER!!! NEVER!!! NEVER!!! 2020-09-08 2020-06-19
http://moonmath.win
submitted by jarederaj to BitcoinMarkets [link] [comments]

Waltonchain All-in-One - Extended

Welcome!

I would like to warmly welcome everyone to waltonchain
This is an updated, extended community-written post and I will try to update it regularly over time.
Please respect our rules (see sidebar) and feel free to comment, contribute and ask questions.
Don’t forget to subscribe to the subreddit for any news on Waltonchain!
 

Getting Started

What is Waltonchain?

The Waltonchain Foundation is building a cross-industry, cross-data sharing platform by integrating Blockchain with the Internet of Things through self-developed RFID Chips with intellectual property rights.
The in-house developed Waltonchain RFID chips integrate a proprietary, genuine random number generator and an asymmetric encryption logic and hardware signature circuit, all of which are patent-protected.
The combination of self-developed RFID chips and the Waltonchain blockchain will ultimately achieve the interconnection of all things and create a genuine, believable, traceable businessmodel with totally shared data and transparent information.
Waltonchain will unfold a new era of the Value Internet of Things (VIoT).
 
Waltonchain Introduction Video
Launch of Waltonchain
 

The Project

The Waltonchain team has formulated a 4-phase development plan, starting from infrastructure platform establishment to gradually incorporating retail, logistics and product manufacturing, and to finally achieving the full coverage of the business ecosystem.
 
As for the phase 1.0 of the project, the team has developed the clothing system integration scheme based on RFID. The application scenarios at phase 1.0 will establish Golden demonstration template
At phase 2.0, our RFID beacon chip will be massproduced and can be used in clothing, B2C retail and logistics.
At phase 3.0, manufacturers will achieve traceable customization of intelligent packaging.
At the project phase 4.0, with the upgrading and iteration of assets information collection hardware and improvement of blockchain data structure, all assets can be registered in Waltonchain in the future.
 
Original Roadmap Thread

Project-Updates:

Video: WTC-Garment System by Waltonchain & Kaltendin
Video: WTC-Food System by Waltonchain
 

Official Resources

Waltonchain Whitepaper
Waltonchain Official Website
Waltonchain Github
 
Official Official Medium
Official Slack
Official Instagram
Official Facebook
Official Twitter @waltonchain
Official Telegram @waltonchain_en
 
Dedicated community Telegram channel for Waltonchain miners, MN & GMN holders.
@WaltonchainMining
 
 
Chinese Community
本群为沃尔顿链华文官方社群
Chinese Telegram @waltonchain_cn
官方网站 - Waltonchain China - Website
 
Korean Community
공식사이트 - Waltonchain Korea - Website
카카오톡 - Waltonchain Korea - Kakao
트위터 - Waltonchain Korea - Twitter
블로그 - Waltonchain Korea - Naver Blog
인스타그램 - Waltonchain Korea - Instagram
Freyr 공식텔레그램방(한국) - Freyrchain Korea - Telegram
Communities in Progress
Russian Twitter @waltonchain_ru
Russian Website
Japanese Twitter @waltonchain_jp
Japanese Website
Brazilian Twitter @waltonchain_br
 

Waltonchain Wallet

Please note that before the token swap,
DO NOT transfer your ERC20 WTC tokens to the WTC wallet!!
 
Wallet for PC (Github)
Web Wallet - Instruction Manual
Windows Wallet - User Manual
Windows Wallet - Tutorial Video
Wallet for Android
Google Playstore
Github
Android User Manual
Android Wallet - Tutorial Video
 
Wallet for IOS
(pending Apple Store approval)
 
Explorer
Waltonchain Explorer
Waltonchain Blockchain Explorer User Manual
 
Mining
Waltonchain GPU Mining User Manual
Waltonchain Progressive Mining Reward Program
 
Unofficial
Unofficial Guardian Masternode Tracker
waltonchain.tech - Unofficial collection of news and useful resources

The Foundation

>> Waltonchain Organizational Chart <<<--
 
Waltonchain Foundation Ltd. (Singapore) - 沃尔顿链
Waltonchain (HK) Development Co. Ltd. (Head company)
Walton Chain Technology Co. Ltd. (Korea)
Silicon (Shenzhen) Electronic Technology Co. Ltd.
Silicon (Xiamen) Electronic Technology Co.Ltd. (RFID Chip Research)
Silicon (Quanzhou) Electronic Technology Co. Ltd.(IoT Intelligent Switch Chip)
Nanjing Sleewa Information Technology Co. Ltd. (Blockchain)
Quanzhou KEDIHENG Electronic Technology Co. Ltd
Xiamen IOT Technology Co. Ltd.
Xiamen Citylink Technology Co.Ltd.
Xiamen ZhongChuan IOT Industry Research Institute Co.Ltd.
 

The Team

Founder:

Do Sanghyuk (都相爀) – Initiator in Korea
Korean, Vice Chairman of the China - Korea Cultural Exchange Development Committee, Director of the Korea Standard Products Association, Chairman of Seongnam Branch of the Korea Small and Medium Enterprises Committee, Chairman of Korea NC Technology Co., Ltd., Senior Reporter of IT TODAY News, Senior Reporter of NEWS PAPER Economic Department, Director of ET NEWS.
 
Xu Fangcheng (许芳呈) – Initiator in China
Chinese, majored in Business Management, former Director for Supply Chain Management of Septwolves Group Ltd., has rich practical experience in supply chain management and purchasing process management. Currently, he is the Director of Shenzhen Silicon, the Director of Xiamen Silicon and the Board Chairman of Quanzhou Silicon. He is also one of our Angel investors.
 

Senior Experts:

Kim Suk ki (金锡基)
Korean, South Koreas electronics industry leader, Doctor of Engineering (graduated from the University of Minnesota), Professor of Korea University, previously worked at Bell Labs and Honeywell USA, served as vice president of Samsung Electronics, senior expert in integrated circuit design field, IEEE Senior Member, Vice President of the Korea Institute of Electrical Engineers, Chairman of the Korea Semiconductor Industry Association. Has published more than 250 academic papers with more than 60 patents.
 
Zhu Yanping (朱延平)
Taiwanese, China, Doctor of Engineering (graduated from National Cheng Kung University), Chairman of the Taiwan Cloud Services Association, Director of Information Management Department of National Chung Hsing University. Has won the Youth Invention Award by Taiwan Ministry of Education and Taiwan Top Ten Information Talent Award. Has deeply studied blockchain applications over the years and led a block chain technology team to develop systems for health big data and agricultural traceability projects.
 

Chief Experts

Mo Bing (莫冰)
Chinese, Doctor of Engineering (graduated from Harbin Institute of Technology), Research Professor of Korea University, Distinguished Fellow of Sun Yat - sen University, Internet of Things expert, integrated circuit expert, Senior Member of Chinese Society of Micro-Nano Technology, IEEE Member. Has published more than 20 papers and applied for 18 invention patents. Began his research of BitCoin in 2013, one of the earliest users of btc 38.com and Korea korbit. Served as Technical Director of Korea University to cooperate with Samsung Group to complete the project Multi sensor data interaction and fusion based on peer to peer network. Committed to the integration of block chain technology and Internet of Things to create a real commercialized public chain.
 
Wei Songjie (魏松杰)
Chinese, Doctor of Engineering (graduated from the University of Delaware), Associate Professor of Nanjing University of Science and Technology, Core Member and Master Supervisor of Network Space Security Engineering Research Institute, Block Chain Technology expert in the field of computer network protocol and application, network and information security. Has published more than 20 papers and applied for 7 invention patents. Previously worked at Google, Qualcomm, Bloomberg and many other high-tech companies in the United States, served as R D engineer and technical expert; has a wealth of experience in computer system design, product development and project management.
 

Core Members

Shan Liang (单良)
Graduated from KOREATECH (Korea University of Technology and Education) Mechanical Engineering Department, Venture Capital PhD, GM of Waltonchain Technology Co., Ltd. (Korea), Director of Korea Sungkyun Technology Co., Ltd., Chinese Market Manager of the heating component manufacturer NHTECH, a subsidiary of Samsung SDI, economic group leader of the Friendship Association of Chinese Doctoral Students in Korea, one of the earliest users of Korbit, senior digital money player.
 
Chen Zhangrong (陈樟荣)
Chinese, graduated in Business Management, received a BBA degree in Armstrong University in the United States, President of TIANYU INTERNATIONAL GROUP LIMITED, leader of Chinese clothing accessories industry, Chinas well-known business mentor, guest of the CCTV2 Win in China show in 2008. Researcher in the field of thinking training for Practical Business Intelligence e-commerce and MONEYYOU course, expert on success for Profit Model course. Began to contact Bitcoin in 2013 with a strong interest and in-depth study of digital money and decentralized management thinking. Has a wealth of practical experience in the business management, market research, channel construction, business cooperation and business model.
 
Lin Herui (林和瑞)
Chinese, Dean of Xiamen Zhongchuan Internet of Things Industry Research Institute, Chairman of Xiamen Citylink Technology Co., Ltd., Chairman of Xiamen IOT. He successively served as Nokia RD Manager and Product Manager, Microsoft Hardware Department Supply Chain Director. In 2014, started to set up a number of IoT enterprises and laid out the industrial chain of the Internet of Things. The products and services developed under his guidance are very popular. Assisted the government in carrying out industrial and policy research and participated in planning of multiple government projects of smart cities, IoT towns and project reviews.
 
Ma Xingyi (马兴毅)
Chinese, China Scholarship Council (CSC) special student, Doctor of Engineering of Korea University, Research Professor of Fusion Chemical Systems Institute of Korea University, Korea Sungkyun Technology Co., Ltd. CEO, Member of Korea Industry Association, Associate Member of the Royal Society of Chemistry, has published his research results in the worlds top journal Nature Communications and participated in the preparation of a series of teaching materials for Internet of Things engineering titled Introduction to the Internet of Things. His current research direction covers cross-disciplines that combine blockchain technology with intelligent medical technology.
 
Zhao Haiming (赵海明)
Chinese, Doctor of Chemical Conductive Polymer of Sungkyunkwan University, core member of Korea BK21th conductive polymer project, researcher of Korea Gyeonggi Institute of Sensor, researcher of Korea ECO NCTech Co., Ltd., Vice President of the Chinese Chamber of Commerce, Director of Korea Sungkyun Technology Co., Ltd. He has been engaged in transfer of semiconductor, sensor and other technologies in South Korea. He is an early participant of the digital currency market.
 
Liu Cai (刘才)
Chinese, Master of Engineering, has 12 years of experience in design and verification of VLSI and a wealth of practical project experience in RFID chip design process, SOC chip architecture, digital-analog hybrid circuit design, including algorithm design, RTL design, simulation verification, FPGA prototype verification, DC synthesis, backend PR, package testing, etc. Has led a team to complete the development of a variety of navigation and positioning baseband chips and communication baseband chips, finished a series of AES, DES and other encryption module designs, won the first prize of GNSS and LBS Association of China for scientific and technological progress. Finally, he is an expert in the consensus mechanism principle of blockchain and the related asymmetric encryption algorithm.
 
Yang Feng (杨锋)
Chinese, Master of Engineering, worked at ZTE. Artificial intelligence expert, integrated circuit expert. Has 12 years of experience in VLSI research and development, architecture design and verification and 5 years of research experience in artificial intelligence and the genetic algorithm. Has won the Shenzhen Science and Technology Innovation Award. Has done an in-depth research on the principle and realization of the RFID technology, the underlying infrastructure of blockchain, smart contracts and the consensus mechanism algorithm.
 
Guo Jianping (郭建平)
Chinese, Doctor of Engineering (graduated from the Chinese University of Hong Kong), Associate Professor of the Hundred Talents Program of Sun Yat-sen University, academic advisor of masters degree students, IEEE senior member, integrated circuit expert. Has published more than 40 international journal conference papers in the field of IC design and applied for 16 patents in China.
 
Huang Ruimin (黄锐敏)
Chinese, Doctor of Engineering (graduated from the University of Freiburg, Germany), academic advisor of masters degree students, lecturer of the Department of Electronics of Huaqiao University, integrated circuit expert. Mainly explores digital signal processing circuit and system implementation and works on digital signal processing technology long-term research and development.
 
Guo Rongxin (郭荣新)
Chinese, Master of Engineering, Deputy Director of the Communication Technology Research Center of Huaqiao University. Has more than 10 years of experience in design and development of hardware and software for embedded systems, works on the long-term research and development of RFID and blockchain technology in the field of Internet of Things.
 
Dai Minhua (戴闽华)
Chinese, graduated in Business Management, received a BBA degree from Armstrong University, senior financial expert, served as Vice President and CFO of Tanyu International Group Co., Ltd. Has 13 years of financial work experience, has a wealth of experience in developing and implementing enterprise strategy and business plans, as well as achieving business management objectives and development goals.
 
Liu Dongxin (刘东欣)
Chinese, received an MBA from China Europe International Business School, Visiting Scholar of Kellogg School of Management at Northwestern University, strategic management consulting expert, investment and financing expert. His current research interest lies in the impact of the blockchain technology on the financial sector.
 

Angel Investors

Song Guoping (宋国平)
Qiu Jun (邱俊)
Yan Xiaoqian (严小铅)
Lin Jingwei (林敬伟)
He Honglian (何红连)

Advisory Team

Ko Sang Tae (高尚台)
Liu Xiaowei (刘晓为)
Su Yan (苏岩)
Zhang Yan (张岩)
Ma Pingping (马萍萍)
Peng Xiande (彭先德)
Fu Ke (傅克)
Xiao Guangjian (肖光坚)
Li Xiong (李雄)
 
The Team (pt.I)
The Team - The Engineers (pt. II)
The Team - Angel Investors & Advisors (pt. III)
WaltonChain Office Tour
Meet the team #1: Xu Fangcheng
Meet the team #2: South Korean Team
Meet the team #3: Wei Songjie
Meet the team #4: Suk Ki Kim
Meet the team #5: Lin Herui
Meet the team #6: Bing Mok (CEO)
 

Partnerships, Affiliations & Corporate Interests

Government Affiliations
Fujian IoT Industry Association
Air purification and smart monitoring project with Jinhu Provincial Government
"Smart Oceans" blockchain R&D project with Fujian Provincial Government
Building "Blockchain Silicon Valley" with Taiwan Cloud and Fujian Provincial Government
KISA and Korean IoT research centre
Taiwan Cloud Association
Korea University engineering department
Korea Blockchain Enterprise Promotion Association (authorized by South Korean National Assembly)
 
Smart Logistics / Smart Warehouse
Xiangyu Group
Fuyao Glass Industry Group co., Ltd
Kehua
Lipson Plastic
NanKang City Furniture industry
Direct delivery
Fujian Soonbox Logistics Park
Huodull Technology
 
Smart Retail
Guangdong Original Clothing Trading Center
Shenzhen M&A Association of Listed Companies
Septwolves
Fuguiniao
SMEN
TANYU
JoeOne
Lalabobo
Ishijah
Kaltendin
 
Technical Alliance
Alibaba Cloud
China Mobile IoT Alliance
Xiamen Branch of China Telecom Corporation Limited
Zhangzhou Branch of** China Telecom** Corporation Limited
NC Technologies
Shenzhen Card Cube Smart Technology co., Ltd
NIDS Sensor Technology
Sungkyun Technologies
NH Tech
Jiangsu Zhongke Internet of Things Technology Venture Capital Co., Ltd.
Fujian C-TOP Electronics co., Ltd.
 
Finance
Sinolink Securites
Gingko Capital (Investment Arm of Waltonchain) -> Investments
Gingko Investment List on Reddit
 
Blockchain Partner
Mobius
Freyrchain
Loci
Coinlink
SwftCoin
Morganchain
Aston
 
Media Partner
JU&KE Creative Design
Yunnan Yunshanghuaxia Trading co., Ltd.
ArtCrypto
Fanfangxiang Culture & Media co., Ltd.
 
Waltonchain Government Affiliations Infographic
Waltonchain Business Affiliations Infographic
Summary of Some of Waltonchain's Government and Business Partnerships
 
Child Chains
Freyrchain - Freyrchain - The world’s first blockchain-based collectibles data authenticity platform
Fashionchain Fashionchain - Fashionchain restructures the strongly-centralized pyramid structure inherent in the fashion industry ecology into a decentralized structure in which all parties connect point to point directly.
 
Click here for the News, PR & Awards Thread.
Click here for a Timeline of Official - Waltonchain-Medium - Posts.
 
Videos
Waltonchain Annual Meeting Presentation Video
Waltonchain Introduction Video
Waltonchain Visit and Product Demo! (Part 1 of 2) - Boxmining
Waltonchain Interview and Demo (Part 2 of 2) - Boxmining
Waltonchain Coinnest Meetup with Mo Bing
Dr. Mo Bing's First Live Interview with Coinnest CEO
Waltonchain CEO Mo Bing announcing the official launch of Waltonchain Mainnet
List of AMAs
First Reddit AMA - October 1, 2017
Technical AMA - October 9, 2017
Hardware AMA Summary - October 17,2017
Extended Hardware AMA - October 24, 2017
Retail Demo AMA - November 27, 2017
Masternode AMA - December 7, 2017
Slack AMA Live Thread - January 3, 2018
Waltonchain Beta Release AMA Part 1 - January 5, 2018
Waltonchain Beta Release AMA Part 2 - January 15, 2018
Waltonchain February Q&A - February 18, 2018
Waltonchain March AMA Part 1 - March 19, 2018
Waltonchain March AMA Part 2 - March 27, 2018
Progress Reports
Waltonchain Work Progress in Q2 2018
Waltonchain Work Progress in Q1 2018
Waltonchain: New Logo · New IC strategy ·New Journey!
The Summary of Waltonchain in 2017
Waltonchain Project Progress Report (Nov. – Dec. 2017)
Professor Kim Suk Ki Arrived at Xiamen for Project Review and to Provide Guidance
A letter to the waltonchain family
A Letter from Waltonchain Foundation
Waltonchain Alpha Version Internal Testing
Noteworthy Posts
Waltonchain’s Bigger Picture: OBOR
Waltonchain: Ushering an Era of IoT Mass Market Adoption
What is Waltonchain and Why Should We Care?
Waltonchain and the Chinese Government: Cooperation, Collaboration and a Bright Future
Top 5 Cryptocurrencies Set For Success In 2018 - Invest in Blockchain
 
Exchanges
Binance, Coinnest, HitBTC, LATOKEN, OKEx, Kucoin, COSS, Coinlink, Allcoin, Coinrail, Cobinhood, Huobi
 

Frequently Asked Questions

 
 
Walton Knights
u/fent11
u/NetworkTraveler
u/yayowam
u/Crypto_RALLY
u/TheSideQuest
RikkiTikki (slack)
Crypto Buff (telegram)
submitted by istaan69 to waltonchain [link] [comments]

Subreddit Stats: Bitcoin top posts from 2017-10-15 to 2018-10-14 18:01 PDT

Period: 364.20 days
Submissions Comments
Total 1000 265073
Rate (per day) 2.75 722.33
Unique Redditors 812 63529
Combined Score 3662639 3145604

Top Submitters' Top Submissions

  1. 74796 points, 2 submissions: Tricky_Troll
    1. The last 3 months in 47 seconds. (48474 points, 790 comments)
    2. Bitcoin Doesn't Give a Fuck. (26322 points, 1505 comments)
  2. 50907 points, 3 submissions: LeeWallis
    1. It's official! 1 Bitcoin = $10,000 USD (48506 points, 4587 comments)
    2. It's official! 1 Bitcoin = $10,000 USD (again) (1233 points, 123 comments)
    3. Bitcoin just reached $7,000 USD on GDAX! (1168 points, 359 comments)
  3. 49298 points, 2 submissions: chronic_nervosa
    1. Working Hard or Hardly Working? (25721 points, 326 comments)
    2. Investing Tips from a Pro (23577 points, 598 comments)
  4. 44144 points, 2 submissions: wolfwolfz
    1. It's over 9000!!! (42429 points, 3170 comments)
    2. Mtgox caused 2013 and 2018 crash (1715 points, 425 comments)
  5. 42048 points, 1 submission: buttockpain
    1. Everyone who's trading BTC right now (42048 points, 804 comments)
  6. 41614 points, 3 submissions: PineappleFund
    1. I'm donating 5057 BTC to charitable causes! Introducing The Pineapple Fund (20020 points, 2927 comments)
    2. Farewell from the Pineapple Fund (10944 points, 610 comments)
    3. 🍍 $4mil will fund MDMA trials for PTSD; marked 'Breakthrough Therapy' by FDA. Pineapple Fund is matching MAPS donations 1:1. Reddit, let's make history by crowdfunding an incredible treatment for PTSD, in bitcoin! (10650 points, 558 comments)
  7. 41269 points, 4 submissions: Xtreme110
    1. Bitcoin.. The King (28328 points, 1178 comments)
    2. So here's what actually happened Today. (8542 points, 301 comments)
    3. So Yeah This Happened .. (2330 points, 215 comments)
    4. Did someone Asked for Support levels... (2069 points, 224 comments)
  8. 29323 points, 1 submission: KINNAHZ
    1. I hope James is doing well (29323 points, 1242 comments)
  9. 29123 points, 1 submission: trance929
    1. Weeeeeeee! (29123 points, 1530 comments)
  10. 28063 points, 1 submission: benjaminikuta
    1. Nothing can increase by that much and still be a good investment. (28063 points, 1318 comments)
  11. 27600 points, 5 submissions: Suberg
    1. Rabobank Fined $369M for Money Laundering After Calling Bitcoin a Risk for Money Laundering (14264 points, 312 comments)
    2. Ellen DeGeneres Just Introduced Bitcoin to Her 3 Million US Viewers (7893 points, 619 comments)
    3. Evidence Emerges of CNBC Collusion with Roger Ver, BCash (2665 points, 526 comments)
    4. Reminder: Encrypt and store your bitcoin offline - U.S. Congress Quietly Passes CLOUD Act to Increase Gov't Access to Online Info (1688 points, 277 comments)
    5. 600+ Bitcoin Users Seek Lawsuit Against Bitcoin.com & CEO Roger Ver for Fraud (1090 points, 298 comments)
  12. 26949 points, 1 submission: Kittstar123
    1. This is why I want bitcoin to hit $10,000 (26949 points, 918 comments)
  13. 24897 points, 2 submissions: sunilross
    1. What he would be wishing now? 😂 (22418 points, 954 comments)
    2. Just a few months ago Bitcoin going to $10,000 was a huge celebration Now Bitcoin is at $10,000 and its like the end of the world. What an irony!! (2479 points, 1016 comments)
  14. 24555 points, 8 submissions: TheGreatMuffin
    1. This Bitcoin chart is insane! Oh, wait… that’s actually a chart of US dollar money printing. (8202 points, 1165 comments)
    2. Coinbase Hit With Class Action Claiming Insiders Benefited From 'Bitcoin Cash' Launch (5370 points, 493 comments)
    3. "Anonymous bitcoin donor rains $56 million on stunned nonprofits" (story about The Pinapple Fund) (3331 points, 199 comments)
    4. Odds of winning Powerball (Lottery) vs guessing one bitcoin private key (by @Coinguybri) (2008 points, 260 comments)
    5. Andreas Antonopoulos' depiction of the day he became aware of the donations that made him a millionaire (1878 points, 214 comments)
    6. McAfee doubles down on his promise: "I now predict Bitcoin at $1 million by the end of 2020. I will still eat my dick if wrong." (1387 points, 329 comments)
    7. Federal courts now accepting cryptocurrency for bail (1288 points, 62 comments)
    8. The first Stable version of BTCPay is out: BTCPayServer 1.0.1.1 and NBXplorer 1.0.1.3. Next stable version will include Lightning Network. (by Nicolas Dorier) (1091 points, 103 comments)
  15. 23962 points, 6 submissions: Mobilenewsflash
    1. Difference between New and Experienced Trader (11900 points, 181 comments)
    2. Did you know? I didn't. (4127 points, 294 comments)
    3. Altcoin Master (3555 points, 145 comments)
    4. All we need is this kind of bull run! (2125 points, 122 comments)
    5. Bitcoin isn't the bubble, it's the pin (1199 points, 310 comments)
    6. Simple answer, the right one (1056 points, 230 comments)
  16. 23651 points, 3 submissions: UniqueUsername642
    1. Cheers! (17238 points, 510 comments)
    2. This is Cryptocurrency (5072 points, 371 comments)
    3. Bitcoin Investors be like (1341 points, 335 comments)
  17. 23082 points, 1 submission: jrs0080
    1. Whoever put this up deserves a medal (23082 points, 319 comments)
  18. 23066 points, 1 submission: vindico_silenti
    1. BTC dropping due to lack of quality 11k memes. Closest support line is at 9k Vegeta memes. (23066 points, 820 comments)
  19. 22856 points, 1 submission: danielwilson666
    1. Bitcoin today (22856 points, 1940 comments)
  20. 22657 points, 1 submission: byte_coder
    1. 2018: lets run for office (22657 points, 991 comments)
  21. 22193 points, 1 submission: Hync
    1. Lily Allen turned down 200K in Bitcoins for a gig in 2009 which is worth $1,426,199,000 as of this writing (22193 points, 1293 comments)
  22. 21505 points, 1 submission: paperraincoat
    1. Eleven! (21505 points, 575 comments)
  23. 21044 points, 1 submission: SotakuKun
    1. How To Invest In Bitcoin (21044 points, 634 comments)
  24. 20817 points, 1 submission: MichKOG
    1. Almost everyone now is an Investor (20817 points, 554 comments)
  25. 20647 points, 10 submissions: Bastiat
    1. Day 2: I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today (5145 points, 766 comments)
    2. Pierre Rochard: "Until your altcoin successfully defeats a coordinated attack like NYA/S2X, with 90% of the hashrate and major businesses trying to force a hard fork, its immutability is untested and its monetary policy is suspect. Bitcoin has earned its keep, its immutability is beyond question" (2249 points, 345 comments)
    3. Day 9: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. Have you done your part? (2070 points, 190 comments)
    4. Day 5: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. User demand from this community can help lead to some big changes. Have you joined the /Bitcoin SegWit effort? (2017 points, 268 comments)
    5. Day 7: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Do you want low tx fees, because this is how you get low tx fees (1959 points, 166 comments)
    6. Day 3: I will repost this guide daily until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI (1758 points, 220 comments)
    7. Coinbase's short-sighted money grab is @Gemini.com's gain. Trust is the number one concern for new adopters and nobody can trust CONBASE after today (1689 points, 383 comments)
    8. Day 8: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. BTC Core SegWit GUI coming May 1, Coinbase incompetence exposed, more exchanges deploy SegWit (1454 points, 177 comments)
    9. Day 6: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol (1193 points, 99 comments)
    10. If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SEGWIT TX. DOWNLOAD A SEGWIT COMPATIBLE WALLET AND OPEN A SEGWIT COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW (1113 points, 228 comments)
  26. 20159 points, 1 submission: swahlgren
    1. Danish Bitcoin billionaire new sponsor of professional Danish ice hockey team. Stadium to be renamed "Bitcoin Arena" and get a huge Bitcoin logo in the middle of the ice! (20159 points, 1018 comments)
  27. 20119 points, 4 submissions: bitchari
    1. Value is always in the eyes of the beholder (10999 points, 542 comments)
    2. We did it!! BTC ✌️ (4335 points, 333 comments)
    3. Uncomfortable truths!! (3228 points, 451 comments)
    4. "rat poison" returns!! (1557 points, 234 comments)
  28. 19767 points, 1 submission: Active2017
    1. $7,900+!! (am i doing this right?) (19767 points, 493 comments)
  29. 18709 points, 1 submission: JonathanMauri
    1. Sold some bitcoin to buy my new best bud 🤗 (18709 points, 1752 comments)
  30. 17979 points, 1 submission: crlxzzz
    1. Localbitcoins.com is illegally holding my 9.3 bitcoin on "escrow" since may 2015 (17979 points, 802 comments)
  31. 17806 points, 6 submissions: domelane
    1. FORBES: "South Korea Is Not Banning Bitcoin Trade, Financial Regulators Clarify". (8349 points, 245 comments)
    2. Banks vs Bitcoin (2370 points, 311 comments)
    3. Arizona Senate Votes to Accept Tax Payments in Bitcoin (2363 points, 134 comments)
    4. Visa confirms Coinbase wasn’t at fault for overcharging users (1854 points, 92 comments)
    5. Finally! Coinbase: "Our engineering team has finished testing of SegWit for Bitcoin on Coinbase. We will be starting a phased launch to customers over the next few days and are targeting a 100% launch to all customers by mid next week". (1501 points, 112 comments)
    6. For all the newbies posting: "Bitcoin will crash on Monday! Wall Street is buying to short it to hell!", watch Andreas (Member of the Oversight Board of the CME Futures) to calm your tits. (1369 points, 322 comments)
  32. 17749 points, 2 submissions: BluntLord
    1. possibly the worst thing about this crash... (11631 points, 2540 comments)
    2. Reasons why these price increases are NOT a good thing. no FUD, all facts. (6118 points, 394 comments)
  33. 17228 points, 1 submission: ma_Name_Is_Jefffff
    1. To the new guys, let's see how tough you really are (17228 points, 1371 comments)
  34. 17117 points, 4 submissions: ayanamirs
    1. Don't be this guy (11774 points, 728 comments)
    2. Satoshi Nakamoto about bitcoin.com (2337 points, 313 comments)
    3. SegWit transactions are now 30.71%! (1892 points, 198 comments)
    4. SegWit, Lightning Network, and Schnorr are way more important than the current price. (1114 points, 166 comments)
  35. 16889 points, 1 submission: bitnext
    1. There are 180 different scenarios where bitcoin go. If any one thing happens remember me i am the first one to predict this (16889 points, 452 comments)
  36. 16350 points, 1 submission: YetAnotherCryptoFan
    1. Warren Buffet: (16350 points, 990 comments)
  37. 16128 points, 1 submission: lewjc
    1. Quick analysis of the markets this month (16128 points, 349 comments)
  38. 15721 points, 1 submission: bitiegg
    1. Guys... I'm out... (15721 points, 814 comments)
  39. 15216 points, 1 submission: CryptoCurrencyFreak
    1. The Free Software Foundation has received a 91.45 Bitcoin donation from the Pineapple Fund. Valued at $1 Million USD. (15216 points, 423 comments)
  40. 15144 points, 4 submissions: StoneHammers
    1. exceedingly efficient (7954 points, 205 comments)
    2. Behold my 20 Bitcoin lawnmower bought mid 2012 (4214 points, 289 comments)
    3. This could change everything (1900 points, 68 comments)
    4. Bitcoin today (1076 points, 114 comments)
  41. 14847 points, 1 submission: cryptograffiti
    1. Upvote to get this to the top search result for "Bitcoin CEO." (14847 points, 265 comments)
  42. 14823 points, 6 submissions: Bitzone4
    1. Mood Currently. (6084 points, 448 comments)
    2. Hodlers currently (2882 points, 314 comments)
    3. Lets goooo yes bitcoin (2362 points, 280 comments)
    4. Holders Power (1444 points, 160 comments)
    5. Meanwhile when there's blood in the street. (1032 points, 106 comments)
    6. Who else took the discount opportunity? (1019 points, 209 comments)
  43. 14808 points, 1 submission: ltc-
    1. What a time to be alive! (14808 points, 467 comments)
  44. 14807 points, 1 submission: nrckprth
    1. When you are trying to buy the dip (14807 points, 660 comments)
  45. 14761 points, 2 submissions: zackwong97
    1. Quick grab the offer! (12316 points, 835 comments)
    2. 100 years has past and a new currency was discovered. I believe cryptocurrency can save the world. (2445 points, 221 comments)
  46. 14624 points, 1 submission: lawmaster99
    1. Microsoft joins Steam and stops accepting Bitcoin payments (14624 points, 2163 comments)
  47. 14236 points, 1 submission: kixxaxxas
    1. Yeah! Bitcoin! (14236 points, 496 comments)
  48. 13950 points, 1 submission: EaFaer
    1. Us Senate Bill S.1241 to criminalize concealed ownership of Bitcoin (13950 points, 1621 comments)
  49. 13929 points, 7 submissions: finalhedge
    1. Apple co-founder Steve Wozniak: “Bitcoin is mathematical. I am a mathematician. There are only 21 million. It is more legitimate than other systems” (3984 points, 487 comments)
    2. Mum knows best (2474 points, 149 comments)
    3. Wall Street Journal has gone from worrying that Bitcoin is a bubble that will crash, to worrying that it's not (2432 points, 440 comments)
    4. Hedge Fund Manager Mark Yusko: "Only gamble was whether Bitcoin would make if from $0 to $100-- that was the real miracle. Going from $4,000 to $400,000 is easy" (1755 points, 272 comments)
    5. Those who scoffed at the thought of $1,000 BTC are scoffing at $10,000 BTC and will scoff at $100,000 BTC (1163 points, 342 comments)
    6. Barry Silbert could make Bitcoin soar to $7,000+ & his own Assets Under Management to $1.5B+ with 1 tweet: call off SegWit2X & uncertainty will be out of the market. (1074 points, 189 comments)
    7. Google gets it. (1047 points, 46 comments)
  50. 13912 points, 4 submissions: readish
    1. Bitcoin is going to do to banks what email did the post office and Amazon did to retail. (7194 points, 1137 comments)
    2. ... hey, Coinbase... (3293 points, 492 comments)
    3. Yes, please! (2342 points, 325 comments)
    4. Calling Bitcoin Cash the "real" Bitcoin is straightforward fraud, and will financially wreck many new investors entering the ecosystem by buying a fake coin. So, exposing frauds is a nice thing to do for other people to prevent them from falling for those scams. (1083 points, 400 comments)
  51. 13876 points, 1 submission: theymos
    1. Don't invest recklessly (13876 points, 1972 comments)
  52. 13839 points, 1 submission: virtualwoman0
    1. Thank you Coinbase!! For taking sooo long to validate my identity, my account, and my bank transfers...your endless delays prevented me from investing in the crypto market before the crash! (13839 points, 556 comments)
  53. 13817 points, 2 submissions: xcryptogurux
    1. Don't be like Greg (9887 points, 370 comments)
    2. Lesson - History of Bitcoin crashes (3930 points, 1676 comments)
  54. 13546 points, 2 submissions: D3M0Sthenes
    1. Can you feel the Pumpening? (12469 points, 436 comments)
    2. There's always that guy at the party (1077 points, 61 comments)
  55. 13507 points, 2 submissions: pc_to_mac_user
    1. Keeping Coinbase on their toes - Robinhood adds no-fee crypto trading! (12040 points, 909 comments)
    2. Coinbase CEO: In the next 3–5 years, you will see countries going into economic crisis and could see the organic adoption of cryptocurrencies (1467 points, 363 comments)
  56. 13489 points, 3 submissions: Godfreee
    1. It was a sad day when we had to retire this meme from our wall after 3.5 years. Next one will have an added zero! (10196 points, 237 comments)
    2. Back in 2013, a single subway sandwich shop accepting Bitcoin got airtime on CNBC, and we were all jumping for joy. Nowadays we get full TV features about Bitcoin and people are like " yawn, could be better". (2020 points, 110 comments)
    3. This magazine cover came out exactly 30 years ago - same day Bitcoin was released 9 years ago. Was Satoshi that meta? 2018 is gonna be a helluva ride. (1273 points, 301 comments)
  57. 13293 points, 2 submissions: ccjunkiemonkey
    1. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post. (12259 points, 206 comments)
    2. Don't panic, just learn. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post. (1034 points, 97 comments)
  58. 12875 points, 1 submission: DebtFreeMFers
    1. Guys, I am out (12875 points, 1572 comments)
  59. 12651 points, 1 submission: lriccardo
    1. I spent 3 months building one of the best apps to track cryptocurrencies. Exchanges API sync, wallet tracking and many other features. I am not 16 but I invested a lot of time into this, can I get some attention anyway or am I going to get randomly downvoted as always? The app is also free. (12651 points, 1563 comments)
  60. 12558 points, 3 submissions: agent9747
    1. How to transfer Bitcoin from Coinbase for free! (10322 points, 809 comments)
    2. Stop hating on Coinbase (1210 points, 563 comments)
    3. My Cryptocurrency app is starting to look good :D It will be available soon-ish (1026 points, 193 comments)
  61. 12489 points, 1 submission: tune_down
    1. Insider tip: BTC is going to skyrocket in the next 48 hours (12489 points, 741 comments)
  62. 12328 points, 1 submission: i_mash_shoryuken
    1. This month in Bitcoin. (12328 points, 371 comments)
  63. 12069 points, 1 submission: Ev1lyv35
    1. This hurts me in a different level. (12069 points, 593 comments)
  64. 11898 points, 4 submissions: tinaclark90
    1. I've made some free Bitcoin Icons (4747 points, 246 comments)
    2. Thought I might share this in here. No way Bitcoin is going to survive folks... (4657 points, 824 comments)
    3. New Free Bitcoin Icons (1285 points, 71 comments)
    4. Bitcoin Icons (100% Free) (1209 points, 64 comments)
  65. 11618 points, 1 submission: timbroddin
    1. 9 years ago block 0 was mined. Happy birthday Bitcoin! (11618 points, 455 comments)
  66. 11429 points, 1 submission: tomerux
    1. We waited for that... (11429 points, 186 comments)
  67. 11381 points, 1 submission: sykhlo
    1. And that's why we need limited supply. (11381 points, 803 comments)
  68. 11357 points, 2 submissions: sbrdx
    1. Bitcoiners be like 😂 (9418 points, 413 comments)
    2. When you HODL through a bear market (1939 points, 108 comments)
  69. 11339 points, 1 submission: CosmosKing98
    1. This is governments trying to regulate bitcoin. (11339 points, 549 comments)
  70. 11198 points, 1 submission: Ryamgram
    1. <---- Number of Hodlers with Strong Hands (11198 points, 1127 comments)
  71. 11079 points, 2 submissions: ForeverDutch92
    1. Dutch national newspaper urges people to sell all their Bitcoins as it undermines the government, could destabilise the economy and reduces the power of central banks. Sounds like a reason to buy to me 🤔 (9843 points, 986 comments)
    2. We really need to start pushing for SegWit support. Stop waiting for the Lightning Network to fix everything. (1236 points, 318 comments)
  72. 11063 points, 5 submissions: amorpisseur
    1. South Korean gov't "shocked" at the number of citizens requesting the removal of Justice Minister and Finance Minister for market manipulation (4015 points, 236 comments)
    2. BREAKING: TD Ameritrade to allow bitcoin futures trading Monday (2571 points, 234 comments)
    3. "Microsoft and Starbucks signed on to use the new platform for payments and accept BTC" (2190 points, 330 comments)
    4. We found who's spamming the mempool (1162 points, 207 comments)
    5. Lightning Network progress: 72 out of 75 tests pass! (1125 points, 562 comments)
  73. 11010 points, 1 submission: Sam767679
    1. Legendary story by John McAfee (11010 points, 472 comments)
  74. 10959 points, 1 submission: InteractiveLedger
    1. This is NOT OK. Upvote for visibility (10959 points, 1505 comments)
  75. 10750 points, 1 submission: singularityissonear
    1. Time to invest! (10750 points, 329 comments)
  76. 10749 points, 1 submission: broscientologist
    1. I made a decision tree for everyone panic selling. (10749 points, 896 comments)
  77. 10688 points, 1 submission: K_owar_D
    1. They never told me that buying the lambo would be the easy part... (10688 points, 495 comments)
  78. 10626 points, 1 submission: bigbenxx
    1. Checking the Bitcoin price at work: (10626 points, 328 comments)
  79. 10419 points, 1 submission: EMC2_trooper
    1. I see it every day. (10419 points, 289 comments)
  80. 10330 points, 1 submission: LAH92
    1. The latecomer’s BTC journey (10330 points, 271 comments)
  81. 10324 points, 1 submission: old-man-blorp
    1. It would be so easy then (10324 points, 222 comments)
  82. 10187 points, 1 submission: mrtambourineman89
    1. BTC Grandpa already doubled his profit. (10187 points, 597 comments)
  83. 10027 points, 2 submissions: David3692
    1. Looking at the price when you invested only what you can afford to lose (7560 points, 744 comments)
    2. Trying to explain to the wife why we should buy more now (2467 points, 260 comments)

Top Commenters

  1. viper2097 (11931 points, 7 comments)
  2. TarAldarion (6814 points, 3 comments)
  3. gonzobon (6174 points, 95 comments)
  4. cxr303 (5782 points, 29 comments)
  5. Annu_Naki (5537 points, 1 comment)
  6. nightspy1309 (5501 points, 1 comment)
  7. stevoli (5476 points, 4 comments)
  8. PineappleFund (5450 points, 45 comments)
  9. gregschoen (5426 points, 21 comments)
  10. gkikoria (5353 points, 1 comment)
  11. StarfighterF104gv2 (5320 points, 2 comments)
  12. devonthed00d (5228 points, 47 comments)
  13. typtyphus (5186 points, 174 comments)
  14. LeeWallis (4989 points, 19 comments)
  15. Graphesium (4956 points, 1 comment)
  16. SirBastian (4640 points, 2 comments)
  17. zomgitsduke (4617 points, 176 comments)
  18. bluethunder1985 (4586 points, 133 comments)
  19. anumoshsad (4494 points, 3 comments)
  20. MagicalTux (4480 points, 111 comments)
  21. Mateo113 (4456 points, 3 comments)
  22. dolan_trumpf (4398 points, 3 comments)
  23. domelane (4157 points, 44 comments)
  24. walloon5 (4143 points, 307 comments)
  25. prelsidente (4088 points, 91 comments)
  26. gozaamaya (4029 points, 5 comments)
  27. maaku7 (3976 points, 63 comments)
  28. basmith7 (3950 points, 1 comment)
  29. Agastopia (3869 points, 6 comments)
  30. toxonaut (3756 points, 1 comment)
  31. Speaking-of-segues (3707 points, 117 comments)
  32. PuckFoloniex (3701 points, 37 comments)
  33. isoldmywifeonEbay (3676 points, 100 comments)
  34. mpbh (3558 points, 14 comments)
  35. tranceology3 (3513 points, 252 comments)
  36. Opfailicon (3493 points, 2 comments)
  37. hallizh (3448 points, 3 comments)
  38. 1Bitcoinco (3446 points, 22 comments)
  39. overtoke (3446 points, 14 comments)
  40. coinx-ltc (3401 points, 3 comments)
  41. Shmeh-Shmeh (3365 points, 3 comments)
  42. SternerCrow (3301 points, 22 comments)
  43. Active2017 (3263 points, 35 comments)
  44. mr_li_jr (3204 points, 29 comments)
  45. abolishpmo (3050 points, 19 comments)
  46. Redcrux (3042 points, 10 comments)
  47. lucky_rabbit_foot (3035 points, 41 comments)
  48. FDisk80 (3027 points, 10 comments)
  49. TheGreatMuffin (3009 points, 189 comments)
  50. HazyPeanut (3000 points, 3 comments)
  51. LegendsRoom (2992 points, 58 comments)
  52. 2Panik (2964 points, 5 comments)
  53. fellesh (2952 points, 3 comments)
  54. GenghisKhanSpermShot (2933 points, 171 comments)
  55. suninabox (2929 points, 466 comments)
  56. BlatantConservative (2896 points, 28 comments)
  57. tyrael98 (2891 points, 2 comments)
  58. mbrochh (2890 points, 100 comments)
  59. hungry4donutz (2866 points, 3 comments)
  60. WhoNeedsFacts (2809 points, 2 comments)
  61. greatbawlsofire (2792 points, 2 comments)
  62. pg3crypto (2791 points, 67 comments)
  63. Anon7216 (2791 points, 13 comments)
  64. togetherwem0m0 (2789 points, 64 comments)
  65. StrictlyOffTheRecord (2787 points, 4 comments)
  66. jonivaio (2777 points, 3 comments)
  67. BTCChampion (2752 points, 11 comments)
  68. yung_yas (2752 points, 3 comments)
  69. Chowdahhhh (2744 points, 4 comments)
  70. ADustedEwok (2723 points, 8 comments)
  71. CONTROLurKEYS (2715 points, 303 comments)
  72. strange_fate (2671 points, 36 comments)
  73. Downvotesohoy (2664 points, 6 comments)
  74. daghanerdonmez (2646 points, 5 comments)
  75. Saschb2b (2633 points, 1 comment)
  76. ebaley (2627 points, 1008 comments)
  77. catVdog123 (2619 points, 67 comments)
  78. ducksauce88 (2593 points, 280 comments)
  79. leroyyrogers (2593 points, 39 comments)
  80. PM_UR_UGLY_SWEATERS (2582 points, 9 comments)
  81. Cryptolution (2575 points, 310 comments)
  82. CryptoBobs (2530 points, 3 comments)
  83. Beckneard (2527 points, 39 comments)
  84. gbitg (2515 points, 85 comments)
  85. Kooriki (2511 points, 220 comments)
  86. ILikeToSayHi (2475 points, 24 comments)
  87. SPOKANARCHY (2472 points, 1 comment)
  88. letterboxmind (2469 points, 102 comments)
  89. lawmaster99 (2447 points, 30 comments)
  90. Reverend_James (2445 points, 74 comments)
  91. time_wasted504 (2439 points, 88 comments)
  92. TheBoyChris (2432 points, 4 comments)
  93. Frogolocalypse (2409 points, 518 comments)
  94. lriccardo (2388 points, 119 comments)
  95. __Vet__ (2372 points, 53 comments)
  96. ep1939 (2358 points, 133 comments)
  97. BBA935 (2339 points, 22 comments)
  98. Marcion_Sinope (2333 points, 210 comments)
  99. beamybeams (2323 points, 12 comments)
  100. Sawyeee (2309 points, 2 comments)

Top Submissions

  1. It's official! 1 Bitcoin = $10,000 USD by LeeWallis (48506 points, 4587 comments)
  2. The last 3 months in 47 seconds. by Tricky_Troll (48474 points, 790 comments)
  3. It's over 9000!!! by wolfwolfz (42429 points, 3170 comments)
  4. Everyone who's trading BTC right now by buttockpain (42048 points, 804 comments)
  5. I hope James is doing well by KINNAHZ (29323 points, 1242 comments)
  6. Weeeeeeee! by trance929 (29123 points, 1530 comments)
  7. Bitcoin.. The King by Xtreme110 (28328 points, 1178 comments)
  8. Nothing can increase by that much and still be a good investment. by benjaminikuta (28063 points, 1318 comments)
  9. This is why I want bitcoin to hit $10,000 by Kittstar123 (26949 points, 918 comments)
  10. Bitcoin Doesn't Give a Fuck. by Tricky_Troll (26322 points, 1505 comments)

Top Comments

  1. 11914 points: viper2097's comment in I hope James is doing well
  2. 9195 points: deleted's comment in possibly the worst thing about this crash...
  3. 6799 points: TarAldarion's comment in It's official! 1 Bitcoin = $10,000 USD
  4. 6589 points: deleted's comment in Nothing can increase by that much and still be a good investment.
  5. 6158 points: deleted's comment in My brother killed himself because of BTC
  6. 5537 points: Annu_Naki's comment in What he would be wishing now? 😂
  7. 5501 points: nightspy1309's comment in BTC dropping due to lack of quality 11k memes. Closest support line is at 9k Vegeta memes.
  8. 5410 points: stevoli's comment in Insider tip: BTC is going to skyrocket in the next 48 hours
  9. 5353 points: gkikoria's comment in Weeeeeeee!
  10. 5325 points: cxr303's comment in Guys, I am out
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

[uncensored-r/Bitcoin] Moon Math Update: Core and the acceptance of the first practical scaling solution

The following post by jarederaj is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7q1sbw
The original post's content was as follows:
Looking at yesterday's post again, it's apparent that clarification is needed.
We have Lightning. We have Segwit. We have the best development team with the most experience implementing their own vision.

This is not a political debate.

This is a discussion about software engineering that everyone can participate in. You can talk about it, and you can vote with your dollars. How you decide to participate in it will have financial implications no matter what you do.
Even though this is a conversation that you are forced to participate in, it does still have a lot of nuance and complication. Segwit and Lightning aren't understood. Motivations for their creation don't seem to be understood. Their actual implementations aren't understood at all. The distinctions between Core's implementations and Altcoin implementations isn't understood. Adoption rates of Segwit aren't understood. Leaving Segwit out of the Core wallet GUI isn't understood. The rate of Segwit adoption isn't understood. The implications of doubling the rate of growth of the blockchain with a single change aren't understood... Lots of things are not understood and Core is busier solving issues than they are explaining them to people who don't understand the issues they are solving.

That's too much to research: I don't care

I'm trying to get people engaged in the conversation so they can find motivation to understand. I, we, need communicate with people who disagree with us to do that. I, we, want and need to hear complete and sensible arguments that make us rethink our positions and complete our perspectives. It doesn't make you right to be that person. It also doesn't make you wrong. However, we do need faith that Core knows what the hell they are doing. If we don't have that faith, then we need a good explanation, because all of them are at the very top of their field and doing the very best work.

How do you know that Core is best in class

I read the commit history and the commit logs, and you can too. I read the source code, and you can too. I see the bug reports, and you can too. I review the conversations they have, and you can too.
No other blockchain project I'm aware of is operating at this high of a level. If you disagree with that, I need to see you reference these sources. Otherwise, your disagreement is just your opinion. Opinions are like assholes, everyone has one. Do your homework. Point at the specific problems you're observing. It's not enough to have an opinion; you need to have a reason why.

Why is Core leveraging economic pressure onto the community adopt their scaling solutions?

The central premise of the blockchain as a solution for the Byzantine General's Problem is that the collective we can continue forcing future generations to store and re-record the transactions of the past. There are mathematically proven realities that force design choices onto software developers who are aware of this. One rule is that you cannot have or imply a rate of storage that grows at a logarithmic rate.
You can argue that the rate of growth for the blockchain is irrelevant because storage density increases with Moore's Law, Logarithmically or exponentially. That argument does negate the above first rule. However, Bitcoin Core devs are following the implications that they see when they make design choices, and not just what is shown when they write out the implications of their choices using Big O notation.

What does it mean or imply when you say that Core is looking at more than just the Big O notation?

Doubling the rate of growth of the blockchain implies a logarithmic increase in the size of the blockchain through an analysis using Big O notation against the source code. Big O notation only shows a linear change. Objectively, the blockchain will only grow at a linear rate.
However, we see that a logarithmic change is implied. The logarithmic rate of growth is observed outside of the source code. We can see pieces of it in the issues that are filed in GitHub and the conversations devs have about the changes they want to make. What we see when we're observing the software from the outside is a singe change that doubles the rate of growth of the blockchain.

Big O says it's linear change, but we observe an exponential change. Why?

If we accept that the only way to increase the transaction limit is to increase the required size of the storage medium, that's what we'll do. After some period the blocks will fill up again and we'll be back to where we started. Economic pressure will again force developers to increase the block size. So, to meaningfully change it they double the block size again. This scaling problem will increase at some regular interval. That shows exponential growth in the size of the block chain.
The block size proposal is not a solution to the scaling problem, it's capitulation to the problem. That's the solution you see implemented by most blockchains today, and it's why they'll all eventually fail.

So, if you can't safely solve the problem by increasing the block size then how do you solve it?

You solve it by sharing the responsibility with other block chains and optimizing the way you store information in the block space you already have. That's Segwit and Lightning. There may be, and probably will be, more solutions that don't require increasing the block size in the future.

Why is everyone bitching about it, then?

The problem with these solutions are that they require the community to participate in the process. It forces people who are economically rewarded by their participation, to make changes in how they interact with Bitcoin.
I must pay to transfer my coins to a Segwit wallet that utilizes lightning if I want free transactions. That's going to cost money and be a pain in the ass.
Coinbase must hire developers to implement these solutions. Then it must pay people to maintain them. Obviously, they'd rather not do that. So, they tried to pass that responsibility off to everyone else. Finally, today, they capitulated. They were successfully forced to participate by contributing directly to the Bitcoin ecosystem instead of relentlessly and freely profiting from it.

Conclusion

The economic pressure Core is placing on vendors is part of the software solution to the scaling problem, and it's working. Today, Brain Armstrong, CEO of Coinbase, announced that Coinbase is working on Segwit, and possibly Lightning.
https://twitter.com/brian_armstrong/status/951869357931425792
The implications are clear. When Coinbase implements Segwit the transaction backlog will be substantially reduced.
I keep saying that the realization that Core was always right will come in waves. This is wave one. The following waves will negatively impact all alts, save maybe one or two.
Mainstream acceptance isn't just allowing Bitcoin to exist, buy, and hodl. Mainstream acceptance is integrating directly into a single established backbone via software and networks. Bitcoin is establishing a long-term presence as a financial backbone. That's lightning, and Coinbase, along with others, who will implement a viable business model on top of a single tool that outcompetes all banks and institutions that are trying to implement this, badly, for themselves.
How many alts are going to have Segwit and lightning, and then have Coinbase integrate their business model into that? Not a lot. How many banks will do that? None, today. The question, rather, is which one, and which open blockchain will they choose to do that with?
Good hunting.
Principle:
  • Trust capable, motivated, and well compensated people
  • Do not participate in demagoguery
Go to http://moonmath.win for the full update and rainbow charts
Label 7-day Performance 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 43105 43082 43052 43022 42736 42370 42005 41640 41275 40909 40544 40377
% Change $(0.18) $(0.16) $1.12 $1.38 $12.84 $30.79 $43.00 $16.93 $1,037.23 $2,621.15 $46,041.38 $160,986.35
Daily Periodic Rate -2.64% -0.53% 1.87% 1.53% 3.42% 4.15% 3.88% 1.15% 56.46% 118.98% 1792.89% 5886.16%
Over $25,190.00 on Never!!! Never!!! 2018-02-28 2018-03-14 2018-04-06 2018-05-18 2018-07-04 2018-11-12 2018-06-16 2018-06-24 2018-05-30 2018-05-22
Over $56,234.13 on Never!!! Never!!! 2018-05-03 2018-06-05 2018-07-29 2018-11-06 2019-02-24 2019-12-26 2019-01-14 2019-02-04 2018-12-07 2018-11-21
Over $1,000,000.00 on Never!!! Never!!! 2018-12-17 2019-03-30 2019-09-13 2020-07-14 2021-06-13 2024-01-01 2021-02-12 2021-04-18 2020-10-24 2020-09-06
nannal 's A+ on NEVER!!! NEVER!!! 2018-08-04 2018-10-20 2019-03-16 2020-03-19 NEVER!!! NEVER!!! NEVER!!! NEVER!!! 2020-09-08 2020-06-19
http://moonmath.win
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Why Darkcoin, or a similar altcoin will force the hand of governments around the world.

I'm new to crypto-currencies but what I'm not new to is the study of history, especially when it comes to the rise and fall of empires. I have never formally studied economics, so you can rest assured that I may actually know what I'm talking about.
What a lot of people don't understand is that governments and banks around the world are IN LOVE with the idea of an entirely digital currency. Bitcoin is the tax-man's wet dream, and I would even go as far as saying that a world financial system run on an entirely transparent digital currency is my personal nightmare. The truth is we are already witnessing the collapse of the accidental ponzi scheme known as the petrodollar system, and it's painfully obvious to anyone paying attention that government's around the world are now getting desperate for more tax money.
We see in the United States the police are literally committing highway-robbery during traffic stops:
Youtube - John Oliver: Civil Forfeiture (HBO)
The big lie is that the oligopolies you see today in the United States and other countries were created by the free market, and that government is now here to save the day. The truth is that the free market was crippled when it took it's first two critical blows in 1913. The first blow being when the 16th amendment was ratified on Febuary 3rd, 1913, and the second of course being when the Federal Reserve Act was enacted by President Woodrow Wilson on Dec. 23, 1913. The 16th amendment legalized economic slavery, a fact which is disputed by those who foolishly believe the government has their best interests in mind. It's now obvious to a great many people that the Federal Reserve is nothing more than a private bank which borrows from the American people for FREE. Not only do they do it without having to pay us interest, but they do it without intending to ever pay it back in the first place. All of this was done in the name of "equality" and "fairness".
It is now easy to see that people all over the world have convinced themselves that greed, corruption, and war are products of a free market left to it's own devices. The reality is that income tax and prosperity are like oil and water, so whatever the government tries to tax just ends up making a mess of things.
Oh... you want to proof that capitalism was mortally wounded and has been slowly bleeding out for the last 100 years? No problem! Here is corporate tax law visualized:
Telecom industry consolidation - 1990-2014 Food & Beverage consolidation Airline Consolidation - 1950-2014 Explore more charts like the last one here: www.historyshots.com/collections/pop-culture
Corporate tax law in it's current form has created a breeding ground for mergers and acquisitions. It's been designed in such a way that the bigger a company gets the lower the rate of return on costs.
Example from the Princeton Economics 1996 Tax Reform Proposal source
These info-graphs are the clearest picture of the damage that fiscal-socialism causes to the free market. This is just one example of damage that direct taxation has done to this country. If you want to know how bad things really are, read that tax reform proposal... it's one of the most enlightening documents I have ever read.
The most frustrating part about today's society is that they don't understand how many honest businessmen they're throwing under the bus when they yell "tax the rich!". The only time government has EVER increased taxes on the rich was when they needed to win a world war.
It's only when they need to defend their OLIGARCHY do they truly tax the rich Note: These numbers have not been adjusted for inflation (typical of the IRS), and the reality is much worse. A top tax bracket of $5,000,000 in 1941 would equate to a top tax bracket of $80,000,000 today. Source: http://www.irs.gov/uac/SOI-Tax-Stats-Historical-Table-23
Think about what that chart represents. The government taxes people making $400,000 a year EXACTLY the same as those making millions, tens, or hundreds of millions. NOT that I agree with an income tax on individuals in the first place, as a truly free nation would have a government run primarily on consumption taxes. Hopefully you now realise just how much of your life the government has ownership of. Citizens of so-called "free" nations may not be literal slaves, but they are certainly under the thumb of economic slavery.
The lie is that healthcare, public welfare, and public infrastructure requires an income tax when the truth is that is the last place your tax money ends up!
So now it's 2015 and the existence of cryptocurrencies proves yet again that necessity is the mother of invention. Darkcoin has the unique ability to obfuscate transactions so that they can’t be traced back to an individual. As far as I know this is the only cryptocurrency that has the potential for truly anonymous transactions and transaction history built into it. From the perspective of anyone who feels they’re being taxed to death this represents inherent value, something no other digital currency has.
If Bitcoin gets out of control then all the government has to do is trace the transactions and persecute the individuals, but with Darkcoin they would be forced to take drastic measures like using an internet kill-switch. If Darkcoin were to become popular worldwide on a large scale, it would force the hand of government and therefore reveal their true intentions. Cryptocurrencies may serve as light to shine on the emperor’s lack of clothes, and maybe even prove to the public that there is a need for a decentralized world currency.
The worst case scenario is that we end up with another world war which would allow the creation of a new reserve currency attached to whichever nation comes out on top. World war is a whole other topic which isn't necessary for this conversation, except for the need to point out that the concept of nuclear winter is extremely unlikely and in no way could we ever "wipe ourselves out". Humanity would certainly survive and the end result would be yet another centralized reserve currency.
I personally have reason to believe that we are in the middle of a global debt crisis that will start unravelling later this year. It's based on the fact that chaos theory essentially proves the existence of fractal cycles in the global economy. It is a mathematical fact that extremely complex systems have an underlying order hidden beneath the chaos. If you want to know more I suggest you study the work of Martin Armstrong, who happens to have a documentary coming out this year:
Youtube - The Forecaster
If you are sceptical of Mr. Armstrong because he was thrown in jail then I suggest you read both sides of the story and decide for yourself. Yes he plead guilty, but we all know how powerful and arguably unconstitutional plea bargaining is.
Official story: http://www.nytimes.com/2001/12/18/business/republic-new-york-pleads-guilty-to-securities-fraud.html http://www.nytimes.com/2006/08/18/business/18trader.html?_r=0
His side: http://www.themartinarmstrongcase.com/
P.S. What's really scary is that I just noticed I can no longer access www.themartinarmstrongcase.com, unless I use Tor (as conveniently ominous as that sounds).
submitted by Cole7rain to conspiracy [link] [comments]

Why Darkcoin, or a similar altcoin will force the hand of governments around the world.

I'm new to crypto-currencies but what I'm not new to is the study of history, especially when it comes to the rise and fall of empires. I have never formally studied economics, so you can rest assured that I may actually know what I'm talking about.
What a lot of people don't understand is that governments and banks around the world are IN LOVE with the idea of a completely digital currency. Bitcoin is the tax-man's wet dream, and I would even go as far as saying that a world financial system run on an entirely transparent digital currency is my personal nightmare. The truth is we are already witnessing the collapse of the accidental ponzi scheme known as the petrodollar system, and it's painfully obvious to anyone paying attention that government's around the world are now getting desperate for more tax money.
We see in the United States the police are literally committing highway-robbery during traffic stops:
Youtube - John Oliver: Civil Forfeiture (HBO)
The big lie is that the oligopolies you see today in the United States and other countries were created by the free market, and that government is now here to save the day. The truth is that the free market was crippled when it took it's first two critical blows in 1913. The first blow being when the 16th amendment was ratified on Febuary 3rd, 1913, and the second of course being when the Federal Reserve Act was enacted by President Woodrow Wilson on Dec. 23, 1913. The 16th amendment legalized economic slavery, a fact which is disputed by those who foolishly believe the government has their best interests in mind. It's now obvious to a great many people that the Federal Reserve is nothing more than a private bank which borrows from the American people for FREE. Not only do they do it without having to pay us interest, but they do it without intending to ever pay it back in the first place. All of this was done in the name of "equality" and "fairness".
It is now easy to see that people all over the world have convinced themselves that greed, corruption, and war are products of a free market left to it's own devices. The reality is that income tax and prosperity are like oil and water, so whatever the government tries to tax just ends up making a mess of things.
Oh... you want to proof that capitalism was mortally wounded and has been slowly bleeding out for the last 100 years? No problem! Here is corporate tax law visualized:
Telecom industry consolidation - 1990-2014 Food & Beverage consolidation Airline Consolidation - 1950-2014 Explore more charts like the last one here: www.historyshots.com/collections/pop-culture
Corporate tax law in it's current form has created a breeding ground for mergers and acquisitions. It's been designed in such a way that the bigger a company gets the lower the rate of return on costs.
Example from the Princeton Economics 1996 Tax Reform Proposal source
These info-graphs are the clearest picture of the damage that fiscal-socialism causes to the free market. This is just one example of damage that direct taxation has done to this country. If you want to know how bad things really are, read that tax reform proposal... it's one of the most enlightening documents I have ever read.
The most frustrating part about today's society is that they don't understand how many honest businessmen they're throwing under the bus when they yell "tax the rich!". The only time government has EVER increased taxes on the rich was when they needed to win a world war.
It's only when they need to defend their OLIGARCHY do they truly tax the rich Note: These numbers have not been adjusted for inflation (typical of the IRS), and the reality is much worse. A top tax bracket of $5,000,000 in 1941 would equate to a top tax bracket of $80,000,000 today. Source: http://www.irs.gov/uac/SOI-Tax-Stats-Historical-Table-23
Think about what that chart represents. The government taxes people making $400,000 a year EXACTLY the same as those making millions, tens, or hundreds of millions. NOT that I agree with an income tax on individuals in the first place, as a truly free nation would have a government run primarily on consumption taxes. Hopefully you now realise just how much of your life the government has ownership of. Citizens of so-called "free" nations may not be literal slaves, but they are certainly under the thumb of economic slavery.
The lie is that healthcare, public welfare, and public infrastructure requires an income tax when the truth is that is the last place your tax money ends up!
So now it's 2015 and the existence of cryptocurrencies proves yet again that necessity is the mother of invention. Darkcoin has the unique ability to obfuscate transactions so that they can’t be traced back to an individual. As far as I know this is the only cryptocurrency that has the potential for truly anonymous transactions and transaction history built into it. From the perspective of anyone who feels they’re being taxed to death this represents inherent value, something no other digital currency has.
If Bitcoin gets out of control then all the government has to do is trace the transactions and persecute the individuals, but with Darkcoin they would be forced to take drastic measures like using an internet kill-switch. If Darkcoin were to become popular worldwide on a large scale, it would force the hand of government and therefore reveal their true intentions. Cryptocurrencies may serve as light to shine on the emperor’s lack of clothes, and maybe even prove to the public that there is a need for a decentralized world currency.
The worst case scenario is that we end up with another world war which would allow the creation of a new reserve currency attached to whichever nation comes out on top. World war is a whole other topic which isn't necessary for this conversation, except for the need to point out that the concept of nuclear winter is extremely unlikely and in no way could we ever "wipe ourselves out". Humanity would certainly survive and the end result would be yet another centralized reserve currency.
I personally have reason to believe that we are in the middle of a global debt crisis that will start unravelling later this year. It's based on the fact that chaos theory essentially proves the existence of fractal cycles in the global economy. It is a mathematical fact that extremely complex systems have an underlying order hidden beneath the chaos. If you want to know more I suggest you study the work of Martin Armstrong, who happens to have a documentary coming out this year:
Youtube - The Forecaster
If you are sceptical of Mr. Armstrong because he was thrown in jail then I suggest you read both sides of the story and decide for yourself. Yes he plead guilty, but we all know how powerful and arguably unconstitutional plea bargaining is.
Official story: http://www.nytimes.com/2001/12/18/business/republic-new-york-pleads-guilty-to-securities-fraud.html http://www.nytimes.com/2006/08/18/business/18trader.html?_r=0
His side: http://www.themartinarmstrongcase.com/
P.S. What's really scary is that I just noticed I can no longer access www.themartinarmstrongcase.com, unless I use Tor.
submitted by Cole7rain to CryptoCurrency [link] [comments]

Why Darkcoin, or a similar altcoin will force the hand of governments around the world.

poster: Cole7rain, original conspiracy link
I'm new to crypto-currencies but what I'm not new to is the study of history, especially when it comes to the rise and fall of empires. I have never formally studied economics, so you can rest assured that I may actually know what I'm talking about.
What a lot of people don't understand is that governments and banks around the world are IN LOVE with the idea of a completely digital currency. Bitcoin is the tax-man's wet dream, and I would even go as far as saying that a world financial system run on an entirely transparent digital currency is my personal nightmare. The truth is we are already witnessing the collapse of the accidental ponzi scheme known as the petrodollar system, and it's painfully obvious to anyone paying attention that government's around the world are now getting desperate for more tax money.
We see in the United States the police are literally committing highway-robbery during traffic stops:
Youtube - John Oliver: Civil Forfeiture (HBO)
The big lie is that the oligopolies you see today in the United States and other countries were created by the free market, and that government is now here to save the day. The truth is that the free market was crippled when it took it's first two critical blows in 1913. The first blow being when the 16th amendment was ratified on Febuary 3rd, 1913, and the second of course being when the Federal Reserve Act was enacted by President Woodrow Wilson on Dec. 23, 1913. The 16th amendment legalized economic slavery, a fact which is disputed by those who foolishly believe the government has their best interests in mind. It's now obvious to a great many people that the Federal Reserve is nothing more than a private bank which borrows from the American people for FREE. Not only do they do it without having to pay us interest, but they do it without intending to ever pay it back in the first place. All of this was done in the name of "equality" and "fairness".
It is now easy to see that people all over the world have convinced themselves that greed, corruption, and war are products of a free market left to it's own devices. The reality is that income tax and prosperity are like oil and water, so whatever the government tries to tax just ends up making a mess of things.
Oh... you want to proof that capitalism was mortally wounded and has been slowly bleeding out for the last 100 years? No problem! Here is corporate tax law visualized:
Telecom industry consolidation - 1990-2014 Food & Beverage consolidation Airline Consolidation - 1950-2014 Explore more charts like the last one here: www.historyshots.com/collections/pop-culture
Corporate tax law in it's current form has created a breeding ground for mergers and acquisitions. It's been designed in such a way that the bigger a company gets the lower the rate of return on costs. For example:
Princeton Economics 1996 Tax Reform Proposal
source: http://armstrongeconomics.com/library-research/princeton-economics-tax-reform-proposal-1996/
These info-graphs are the clearest picture of the damage that fiscal-socialism causes to the free market. This is just one example of damage that direct taxation has done to this country. If you want to know how bad things really are, read that tax reform proposal... it's one of the most enlightening documents I have ever read.
The most frustrating part about today's society is that they don't understand how many honest businessmen they're throwing under the bus when they yell "tax the rich!". The only time government has EVER increased taxes on the rich was when they needed to win a world war.
It's only when they need to defend their OLIGARCHY do they truly tax the rich Note: These numbers have not been adjusted for inflation (typical of the IRS), and the reality is much worse. A top tax bracket of $5,000,000 in 1941 would equate to a top tax bracket of $80,000,000 today. Source: http://www.irs.gov/uac/SOI-Tax-Stats-Historical-Table-23
Think about what that chart represents, the government taxes people making $400,000 a year EXACTLY the same as those making millions, tens, or hundreds of millions. NOT that I agree with an income tax on individuals in the first place, as a truly free nation would have a government run primarily on consumption taxes. Hopefully you now realise just how much of your life the government has ownership of. Citizens of so-called "free" nations may not be literal slaves, but they are certainly under the thumb of economic slavery.
The lie is that healthcare, public welfare, and public infrastructure requires an income tax when the truth is that is the last place your tax money ends up!
So now it's 2015 and the existence of cryptocurrencies proves yet again that necessity is the mother of invention. Darkcoin has the unique ability to obfuscate transactions so that they can’t be traced back to an individual. As far as I know this is the only cryptocurrency that has the potential for truly anonymous transactions and transaction history built into it. From the perspective of anyone who feels they’re being taxed to death this represents inherent value, something no other digital currency has.
If Bitcoin gets out of control then all the government has to do is trace the transactions and persecute the individuals, but with Darkcoin they would be forced to take drastic measures like using an internet kill-switch. If Darkcoin were to become popular worldwide on a large scale, it would force the hand of government and therefore reveal their true intentions. Cryptocurrencies may serve as light to shine on the emperor’s lack of clothes, and maybe even prove to the public that there is a need for a decentralized world currency.
The worst case scenario is that we end up with another world war which would allow the creation of a new reserve currency attached to whichever nation comes out on top. World war is a whole other topic which isn't necessary for this conversation, except for the need to point out that the concept of nuclear winter is extremely unlikely and in no way could we ever "wipe ourselves out". Humanity would certainly survive and the end result would be yet another centralized reserve currency tied to whichever country came out on top.
I personally have reason to believe that we are in the middle of a global debt crisis that will start unravelling later this year. It's based on the fact that chaos theory essentially proves the existence of fractal cycles in the global economy. It is a mathematical fact that extremely complex systems have an underlying order hidden beneath the chaos. If you want to know more I suggest you study the work of Martin Armstrong, who happens to have a documentary coming out this year:
Youtube - The Forecaster
If you are sceptical of Mr. Armstrong because he was thrown in jail then I suggest you read both sides of the story and decide for yourself. Yes he plead guilty, but we all know how powerful and arguably unconstitutional plea bargaining is.
Official story: http://www.nytimes.com/2001/12/18/business/republic-new-york-pleads-guilty-to-securities-fraud.html http://www.nytimes.com/2006/08/18/business/18trader.html?_r=0
His side: http://www.themartinarmstrongcase.com/
P.S. What's really scary is that I just noticed I can no longer access www.themartinarmstrongcase.com, unless I use Tor.
Discourse level: 100%
Shills: 0%
submitted by conspirobot to conspiro [link] [comments]

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