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Exposed: How Bankers are trying to centralize and highjack Bitcoin by buying "supporters" and promoters (like OpenBazaar team) for the B2X (S2X/NYA) attack on Bitcoin.

*Open Bazaar was crossed-out after their S2X support retraction, see edit at bottom.
These guys have deep pockets, but as you will see below, they are funded by even deeper pockets.
We can't leave this to chance or "the markets to decide" when there is such a malicious intent to manipulate the markets by those powerful players. So that's why all the people saying: "Don't worry, S2X won't happen" or "S2X is DOA" need to stop, we are at a 'make-or-break' moment for Bitcoin. It's very dumb to underestimate them. If you don't know yet who those malicious players are, read below:
We need to keep exposing them everywhere. Using Garzik as a pawn now, after they failed when they bought Hearn and Andresen (Here are the corrupted former 'good guys'), they are using the old and effective 'Problem-Reaction-Solution' combined with the 'Divide & Conquer' strategies to try to hijack Bitcoin. Well, effective before the current social media era, in which hidden motives can be brought to the light of day to be exposed.
Public pressure works when your profits depend on your reputation. The social media criticism worked for companies like Open Bazaar, which after weeks of calling them out on their S2X support, they finally withdrew it.
Please contact the companies on these lists if you have any type of relationship with them, we have just a few days left until the fork:
Regarding OpenBazaar:
* openbazaar (OB1) developer appears to be spreading pro s2x fud. someone needs to fork their project
* PSA : Open Bazaars latest investment round was for 200K from Barry Silberts DCG (Digital Currency Group)
(See edit at the bottom)
B2X (S2X/NYA) is nothing more than an open attack on Bitcoin, not an "upgrade" as they want to sell it. This attack has no 'consensus', at all. It was "agreed" by a bunch of miners and corporations behind closed doors, with no community nor developers support. Only miners and a few millionaires that stand to profit from the B2X attack support it. The vast majority of the Bitcoin community is totally against this attack on Bitcoin. Most of those companies are under DCG group:
Every bitcoiner should know about what DCG (Digital Currency Group) is, and call out publicly these crooks and the people they bribed that are working for the Corporations/Bankers against Bitcoin:
Brian Armstrong, Winklevoss brothers, Bobby Lee, Peter Smith, Nic Cary, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Ryan X Charles, Brian Hoffman/Sam Patterson/Chris Pacia (and all OB1 team)(see edit at the bottom), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Aaron Voisine/Adam Traidman/Aaron Lasher (Breadwallet team), Glenn Hutchins (Federal Reserve Board of Directors), Bill Barhydt and Jiang Zhuoer.
Once people are informed, they won't be fooled (like all the poor guys at btc) and will follow Bitcoin instead of the S2X or Bcash or any other centralized altcoin they come up with disguised as Bitcoin.
DCG (Digital Currency Group) is the company spearheading the Segwit2x movement. The CEO of DCG is Barry Silbert, a former investment banker, and Mastercard is an investor in DCG.
Let's have a look at the people that control DCG:
http://dcg.co/who-we-are/
Three board members are listed, and one Board "Advisor." Three of the four Members/advisors are particularly interesting:
Glenn Hutchins: Former Advisor to President Clinton. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018. Yes, you read that correctly, currently sitting board member of the Federal Reserve Bank of New York.
Barry Silbert: CEO of DCG (Digital Currency Group, funded by Mastercard) who is also an Ex investment Banker at (Houlihan Lokey)
And then there's the "Board Advisor,"
Lawrence H. Summers:
"Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the post-Soviet states, and in the deregulation of the U.S financial system, including the repeal of the Glass-Steagall Act."
https://en.wikipedia.org/wiki/Lawrence_Summers
Blythe Masters:
Former executive at JPMorgan Chase.[1] She is currently the CEO of Digital Asset Holdings,[2] a financial technology firm developing distributed ledger technology for wholesale financial services.[3] Masters is widely credited as the creator of the credit default swap as a financial instrument. She is also Chairman of the Governing Board of the Linux Foundation’s open source Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the US Chamber of Digital Commerce.
https://en.wikipedia.org/wiki/Blythe_Masters
Seriously....The segwit2x deal is being pushed through by a Company funded by Mastercard, Whose CEO Barry Silbert is ex investment banker, and the Board Members of DCG include a currently sitting member of the Board of the Federal Reserve Bank of New York, and the Ex chief Economist for the World Bank and a guy responsible for the removal of Glass Steagall.
It's fair to call these guys "bankers" right?
So that's the Board of DCG. They're spearheading the Segwit2x movement. As far as who is responsible for development, my research led me to "Bitgo". I checked the "Money Map" https://i.redd.it/15auzwkq3hiz.png And sure enough, DCG is an investor in Bitgo.
(BTW, make sure you take a good look take a look at the money map and bookmark it for reference later, ^ it is really helpful.)
"Currently, development is being overseen by bitcoin security startup BitGo, with help from other developers including Bloq co-founder Jeff Garzik."
https://www.coindesk.com/bitcoins-segwit2x-scaling-proposal-miners-offer-optimistic-outlook/
So Bitgo is overseeing development of Segwit2x with Jeff Garzick. Bitgo has a product/service that basically facilitates transactions and supposedly prevents double spending. It seems like their main selling point is that they insert themselves as middlemen to ensure Double spending doesn't happen, and if it does, they take the hit, of course for a fee, so it sounds sort of like the buyer protection paypal gives you:
"Using the above multi-signature security model, BitGo can guarantee that transactions cannot be double spent. When BitGo co-signs a BitGo Instant transaction, BitGo takes on a financial obligation and issues a cryptographically signed guarantee on the transaction. The recipient of a BitGo Instant transaction can rest assured that in any event where the transaction is not ultimately confirmed in the blockchain, and loses money as a result, they can file a claim and will be compensated in full by BitGo."
Source: https://www.bitgo.com/solutions
So basically, they insert themselves as middlemen, guarantee your transaction gets confirmed and take a fee. What do we need this for though when we have a working blockchain that confirms payments in the next block already? 0-conf is safe when blocks aren't full and one confirmation should really be good enough for almost anyone on the most POW chain. So if we have a fully functional blockchain, there isn't much of a need for this service is there? They're selling protection against "The transaction not being confirmed in the Blockchain" but why wouldn't the transaction be getting confirmed in the blockchain? Every transaction should be getting confirmed, that's how Bitcoin works. So in what situation does "protection against the transaction not being confirmed in the blockchain" have value?
Is it possible that the Central Bankers that control development of Segwit2x plan to restrict block size to benefit their business model just like our good friends over at Blockstream attempted to do, although unsuccessfully as they were not able to deliver a working L2 in time?
It looks like Blockstream was an attempted corporate takeover to restrict block size and push people onto their L2, essentially stealing business away from miners. They seem to have failed, but now it almost seems like the Segwit2x might be a culmination of a very similar problem.
Also worth noting these two things, pointed out by Adrian-x:
  1. MasterCard made this statement before investing in DCG and Blockstream. (Very evident at 2:50 - enemy of digital cash watch the whole thing.) https://www.youtube.com/watch?v=Tu2mofrhw58
  2. Blockstream is part of the DCG portfolio and the day after the the NYA Barry personal thanked Adam Back for his assistant in putting the agreement together. https://twitter.com/barrysilbert/status/867706595102388224
So segwit2x takes power away from core, but then gives it to guess who...Mastercard and central bankers.
So, to recap:
Did we just spend so much time fighting and bickering with core that we totally missed the REAL takeover of Bitcoin, happening right before our eyes, by the likes of currently serving Federal Reserve Bank of New York Board Members?
And before you dismiss all those hard and documented facts as just a 'conspiracy theory', think about this:
Of course, who thought that the ones holding the centralized financial power today (famous for back-door shady plots to consolidate even more power and control), would sit on their hands and let Bitcoin just stroll in and easily take that power away from them?
So, it is not a crazy conspiracy theory, but more like the logical and expected thing to happen. Don't let it happen.
Edit: Formatting.
Edit 2: Brian Armstrong taken out of the 'bad guys' list.
Edit 3: Welp, Brian Armstrong back on the blacklist for this flip-flop. And added Winklevoss Brothers for this, and Bobby Lee for this.
Edit 4: Due to Brian Hoffman just issuing this excellent and explicit S2X/NYA support retraction, I created this post to apologize for my previous posts (calling them out for the S2X support) and I will be editing my posts to reflect this positive change. I'm gladly back to being a supporter of the great and promising project that OpenBazaar has proven to be.
Edit 5: Added Blythe Masters (How could we leave her out?).
Edit 6: Added links to lists of companies supporting S2X/NYA.
submitted by readish to Bitcoin [link] [comments]

Daily analysis of cryptocurrencies 20191025(Market index 24 — Extreme Fear state)

Daily analysis of cryptocurrencies 20191025(Market index 24 — Extreme Fear state)

https://preview.redd.it/yinduzdexnu31.png?width=565&format=png&auto=webp&s=989c8ae3b2018b6ca2e95124149a0402b46cfd56

Major Korean Banks Back Bitcoin Startup Coinplug’s $6.4 Million Round Coinplug, one of the earliest Bitcoin exchange, wallet and payment startups in South Korea, has raised 7.5 billion won, or $6.4 million, from venture arms of major local financial institutions. The funding came from KB Investment, a VC unit of the KB Financial Group, one of the largest banking institutions in Korea; Mirae Asset Venture Investment, a listed subsidiary of investment bank and securities broker Mirae Asset Daewoo; as well as private equity and VC firm Smilegate Investment. With the new equity financing, Coinplug said it would be focusing on decentralized identification technologies, an area that has drawn significant interest from the Korean government and major banks in the country.
Johannesburg’s Government Website Got Attacked By Hackers Who Ransomed Bitcoins The City of Joburg on October 24 announced a breach of its network and shut down its website and all e-services as a precautionary measure. The City said it had detected a network breach “which resulted in an unauthorized access to our information systems.” Business Day reported that the attack came hours after the City received a Bitcoin ransom note from a group called the Shadow Kill Hackers.
Charlie Lee: Litecoin’s Fate Is Not Dependent On The Fate Of Litecoin Foundation The Litecoin Foundation now has at most two years of runway left and its co-founders are scraping together a business model to generate more revenue. Charlie Lee, Litecoin founder, said Litecoin’s fate is not dependent on the fate of the Litecoin Foundation. The foundation right now only has one full time, paid employee; everyone else works as a volunteer.
NYDFS Requested That Bittrex Postpone The New York Account Closure Deadline Until Further Notice The New York State Department of Financial Services (NYDFS) has requested that Bittrex postpone the New York account closure deadline until further notice. New York residents will be able to continue to withdraw funds, but may not deposit or trade.

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25. Crypto.com Coin (CRO): 25 October 2019 Live AMA with CEO “Live AMA with our CEO @Kris_HK on @cryptocom’s Twitter next Friday, 25 October, 11AM HKT.” GST/GSTCOIN: GSTCOIN(GST)LBank will be online GST on October 25, 2019 at 16:00 (UTC+8), open trading pair: GST/USDT, GST/ETH. Vexanium (VEX):25 October 2019 BP Showcase On Friday, 25 October 2019, Vexanium will blast a BP showcase to all of Vexanium channel and social media. 3DCoin (3DC):25 October 2019 3DCoin Weekly AMA 3DCoin / ProjectDistricts AMA on Telegram from 9 PM — 11 PM (UTC +4). Zilliqa (ZIL):25 October 2019 Dev Call “The Moonlet Wallet team will be joining our 5th Dev Call this Friday at 11am EST on Discord. We’ll discuss their vision of becoming Ontology (ONT): 25 October 2019 Twitter AMA “On 25 October, our Senior Architecture Experts will be live on Twitter for the first time to answer all your questions.” FunFair (FUN): 25 October 2019 Bounties Paid “… Your bounty will be paid out in full, straight to your wallet on Friday, 25th October.” Waltonchain (WTC): 25 October 2019 Server Maintenance “#KIRINMINER Mall… server will be down for maintenance from Oct. 25 till estimated Oct. 28 or earlier…” Matrix AI Network (MAN): 25 October 2019 Update “The new update will happen at block 1,420,800, which is estimated to be 4PM on October 25th (GMT+8).”

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th Horizen (ZEN): 26 October 2019 (or earlier) ZEN 2.0.19 Upgrade Zen 2.0.19 upgrade at block #610000, which is expected around October 26. IOTA (MIOTA): 26 October 2019 Taipei Workshop “Sam Chen, our Software Engineer, will explain how to use IOTA C Client library & will demonstrate 3 IoT projects running on ESP32 at…” Streamr DATAcoin (DATA): 26 October 2019 Data Union Demonstration “This Saturday, Streamr will hold the first demonstration of data unions, with a community built plugin for users to crowdsell…”

Encrypted project calendar(October 27, 2019)

ICON (ICX): 27 October 2019 Money 20/20 USA Event Money 20/20 USA in Las Vegas from October 27–30. Aeternity (AE): and 5 others 27 October 2019 CoinAgenda Conference CoinAgenda conference in Las Vegas from October 26–28.

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th Stellar (XLM): 28 October 2019 Protocol 12 Upgrade Vote Horizon v0.22.0 has been released, which supports Protocol 12. This gives everyone ample time to prepare for the Protocol 12 upgrade vote Celsius (CEL) and 3 others: 28 October 2019 Litecoin Summit “…The Litecoin Summit offers two fun, jam-packed days with something for everyone.” XFOC (XFOC): The IDAX platform will be online XFOC and will open the XFOC/USDT trading pair at 13:00 on October 28. MEDIUM (MDM): The IDAX platform lists MDM and will open MDM/BTC trading pairs on October 28th at 15:00. ZB/ ZB Blockchain: The “2019 Hamburg Intercontinental Dialogue Conference” hosted by ZB.com will be held from October 28th to November 9th at the Four Seasons Hotel Hamburg, Germany. BQT (BQTX): 28 October 2019 Down for Maintenance BQTX.com will be down for maintenance on the 28th of October from 7 to 12am UTC.

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st. ICON (ICX): 29 October 2019 Decentralization “As a result, the decentralization schedule of the ICON Network has been changed from September 24, 2019 to October 29, 2019.” Ark (ARK): and 10 others 29 October 2019 WCC 2019 Second annual Blockchain and Cryptocurrency Technology event, World Crypto Conference (WCC), October 29th — October 31, 2019. Insifa (ISF): 29 October 2019 Prototype Alpha “We from Insifa have decided to be more open. Our Prototype will be developed in scrum. This means new releases every two weeks.” Enjin Coin (ENJ): 29 October 2019 EnjinCraft Stress Test “Join us Oct. 29 at 7:00pm GMT for a stress test. Let’s try to break #EnjinCraft!” IOTA (MIOTA): 29 October 2019 IOTSWC Barcelona IOT Solutions World Congress Digitalizing Industries conference in Barcelona from October 29–31.

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.” TRON (TRX): 30 October 2019 SFBW19 Afterparty “TRON Official SFBW19 Afterparty from 7–10:30 PM in San Francisco.” Horizen (ZEN): 30 October 2019 Horizen Quarterly Update Join our first Quarterly Update on October the 30th at 5 PM UTC/ 1 PM EST. Deeper look into Engineering, BD, Marketing, and more. Aeternity (AE): 30 October 2019 Hardfork “The third hardfork of the æternity Mainnet is scheduled for October 30, 2019.” Valor Token (VALOR): 30 October 2019 Transaction Fees Resume “It’s September and the SMART VALOR Platform is still waiving transaction fees for all members, until October 30th!” Aragon (ANT): 30 October 2019 Singapore Meetup “Aragon on DAOs and DeFi” from 6:30–8:30 PM. Kambria (KAT): 30 October 2019 Outliers Hashed Awards Outliers Hashed awards from October 30–31. Ethereum Classic (ETC): 30 October 2019 Cohort Demo Day “ETC Labs hosts it’s 2nd Cohort Demo Day. Learn about the companies and project being accelerated through the Ethereum Classic ecosystem.”

Encrypted project calendar(October 31, 2019)

Spendcoin (SPND): 31 October 2019 (or earlier) Cross Ledger Mainnet “Cross Ledger Mainnet Release and SPND Token Swap,” during October 2019. Spendcoin (SPND): 31 October 2019 (or earlier) Blkchn University Beta “Blockchain University Beta goes live,” during October 2019. Stellar (XLM): 31 October 2019 (or earlier) Minor Release “We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.” Bitcoin SV (BSV): 31 October 2019 (or earlier) BSV Conference Seoul No additional information. Seele (SEELE): 31 October 2019 (or earlier) Public Network Mainne launch has been moved to Oct 31 . Howdoo (UDOO): 31 October 2019 (or earlier) Howdoo Live on Huawei Howdoo begins its exciting partnership with Huawei with listing as a featured app starting in October. Chiliz (CHZ): 31 October 2019 (or earlier) App Soft Launch Soft launch of Socios App by end of October. Dent (DENT): 31 October 2019 (or earlier) Loyalty Program “Afterburner loyalty program launch for all 21,6 Million mobile #DENT users will be in October!” IceChain (ICHX): 31 October 2019 (or earlier) Wallet Release IceChain releases wallet during October. Chiliz (CHZ): 31 October 2019 (or earlier) New Partnerships New sports and new teams joining Socios (+more updates and events) will be announced in the upcoming weeks. Horizen (ZEN): 31 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. PCHAIN (PI): 31 October 2019 (or earlier) New Website No additional information. IOST (IOST): 31 October 2019 (or earlier) New Game on IOST “Eternal Fafnir, a new role-playing game developed by INFUN is coming to you in Oct.” Achain (ACT): 31 October 2019 Mainnet 2.0 Launch “… The main network is officially scheduled to launch on October 31.” Mithril (MITH):31 October 2019 Burn “MITH burn will take place on 2019/10/31 2pm UTC+8. “ Aergo (AERGO): 31 October 2019 (or earlier) Aergo Lite V1.0 Release AergoLite, which brings blockchain compatibility to billions of devices using SQLite, released during October 2019. TE-FOOD (TFD): 31 October 2019 (or earlier) Complementary Product “Development of a new, complementary product with a new partner, which we hope to be launched in September-October.” Edge (DADI): 31 October 2019 (or earlier) Full Open Source Code base for the network fully open-sourced in September or October. BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. Perlin (PERL): 31 October 2019 (or earlier) SSA Partnership “Perlin has partnered with the Singapore Shipping Association to create the International E-Registry of Ships (IERS)” Skrumble Network (SKM): 31 October 2019 (or earlier) Exchange Release “3rd dApp: Exchange Release,” during October 2019. EDC Blockchain (EDC): 31 October 2019 (or earlier) Blockchain Marketplace “As you already know, our ECRO blockchain marketplace is ready for release, and will open to the global community in October!” BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. XinFin Network (XDCE): 31 October 2019 Homebloc Webinar “XinFin — Homebloc Webinar 2019” from 9–10 PM. Akropolis (AKRO): 31 October 2019 (or earlier) Alpha Release “Delivers the initial mainnet implementation of protocol. All building blocks will be united to one product.” Hyperion (HYN): 31 October 2019 (or earlier) Economic Model The final version of the HYN Economic Model launches in October.

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019. VeChain (VET):”01 November 2019 BUIDLer Reunion Party BUIDLer Reunion Party in San Francisco from 8–11 PM. uPlexa (UPX): 01 November 2019 Steadfast Storm — PoS/PoW split (Utility nodes ie. master nodes) — Upcoming Anonymity Network much like TOR — Privacy-based DApps — Reduced network fees. Enjin Coin (ENJ): 01 November 2019 MFT Binding “ICYMI: On Enjin Coin’s 2nd anniversary (November 1), Enjin MFTs will be bound to hodlers’ blockchain addresses…” Auxilium (AUX):01 November 2019 AUX Interest Distribution Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity. Havy (HAVY):01 November 2019 Token Buyback “Havy tokens buyback, Only in 1 exchange between Idex, Mercatox & Hotbit. The exchange depends on the most lower sell wall.” Egretia (EGT): 01 November 2019 Global DApp Contest SF 2019 Egretia Global DApp Contest in San Francisco.

Encrypted project calendar(November 2, 2019)

Kambria (KAT): 02 November 2019 VietAI Summit 2019 Kambria joins forces with VietAI for the annual VietAI Summit, with top experts from Google Brain, NVIDIA, Kambria, VietAI, and more!

Encrypted project calendar(November 4, 2019)

Stellar (XLM): 04 November 2019 Stellar Meridian Conf. Stellar Meridian conference from Nov 4–5 in Mexico City. Cappasity (CAPP): 04 November 2019 Lisbon Web Summit Lisbon Web Summit in Lisbon, Portugal from November 4–7.

Encrypted project calendar(November 5, 2019)

Nexus (NXS): 05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.” NEM (XEM): 05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019. TomoChain (TOMO): 05 November 2019 TomoX Testnet “Mark your calendar as TomoX testnet will be live on Tuesday, Nov 5th!” aelf (ELF): 05 November 2019 Bug Bounty Program Ends On Oct 24th, 2019 aelf’s biggest bug bounty will launch with a large reward pool. The event will run for almost 2 weeks.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th. KIM/Kimcoin: Kimcoin (KIM) Bitfinex will be online at KIM on November 6, 2019 at 12:00 (UTC).

Encrypted project calendar(November 7, 2019)

XRP (XRP): 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore. BTC/Bitcoin: Malta The A.I. and Blockchain summit will be held in Malta from November 7th to 8th.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th. IOTX/IoTeX: IoTex (IOTX) will participate in the CES Expo on November 08

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland. HTMLCOIN (HTML): 09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655.

Encrypted project calendar(November 11, 2019)

PAX/Paxos Standard: Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference. Crypto.com Coin (CRO): and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore. GoldCoin (GLC): 11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…”

Encrypted project calendar(November 12, 2019)

BTC/Bitcoin: The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13th Binance Coin (BNB) and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.”

Encrypted project calendar(November 13, 2019)

Fetch.ai (FET): 13 November 2019 Cambridge Meetup “Join us for a @Fetch_ai #Cambridge #meetup on 13 November @pantonarms1.” Binance Coin (BNB) and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…” OKB (OKB): 13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov. Centrality (CENNZ): 13 November 2019 AMA Meetup “Ask our CEO @aaronmcdnz anything in person! Join the AMA meetup on 13 November in Singapore.” OKB (OKB): 13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET).

Encrypted project calendar(November 14, 2019)

BTC/Bitcoin: The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th.
https://preview.redd.it/y3aa8i9hxnu31.png?width=504&format=png&auto=webp&s=d3b040a7589dabb253d5ea231df6cc6fbaf7a2a6

Yesterday, there was a sharp decline in bitcoin below the $7,800 support area against the US Dollar. As a result, there was a significant drop in BTC price below the main $7,500 support area.
Moreover, there was a close below $7,800 and the 100 hourly simple moving average. Finally, the price traded close to $7,300 and formed a new monthly low at $7,302. It is currently consolidating losses and is trading above the $7,400 level.
On the upside, there are many key resistances for buyers near the $7,500 and $7,600 levels. Additionally, the 23.6% Fib retracement level of the downward move from the $8,327 high to $7,302 low is also near the $7,540 level.
More importantly, there is a major bearish trend line forming with resistance near $7,500 on the hourly chart of the BTC/USD pair. If there is a break above the trend line, the price could face resistance near the $7,600 level.
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Jeff Garzik: “Today, bitcoin faces existential threats from forks, developer drama and so on. Knowing what we know and having a clean sheet of paper, we asked what would we build and the answer is this”.

...oh, so that explains it.
The old and effective Problem-Reaction-Solution strategy. Well, effective before the current social media era, in which hidden motives can be brought to the light of day to be exposed.
I will keep posting this until the very day of the fork, with the hope that more bitcoiners learn the true nature of S2X/B2X/NYA open attack on Bitcoin disguised as an "upgrade". This is a 2X Trojan Horse, and do you know who is inside that horse? Top level banker's special-forces like Blythe Masters, Larry Summers, Glenn Hutchins (sits on the board of The Federal Reserve Bank of New York) and DCG (Digital Currency Group).
We need to keep our efforts to expose and inform people about what S2X/NYA/DCG really is. Don't trust and don't do business with these companies and individuals supporting the S2X attack on Bitcoin.
Companies:
https://coin.dance/poli
http://segwit.party/nya/
Individuals:
Those guys are pure greed, they don't care about the 7 billion of people on this planet. Expose them and don't give them your business. Starve the beast. They will regret sticking with the B2X altcoin that will go the BCH way (and all the other highjack attempts before them). Moneybadger don't care and only gets stronger and immunized after each snake-bite.
Actually >99% of the Bitcoin community supports the real Bitcoin. The centralized B2X-coin attack is only supported by a handful of rich crooks and the people they've managed to bribe with their deep pockets:
Brian Armstrong, Fred Ehrsam (ex-Goldman Sacks), Bobby Lee, Winklevoss brothers, Peter Smith, Nic Cary, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Ryan X Charles, Brian Hoffman/Sam Patterson/Chris Pacia (and all OB1 team), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Aaron Voisine/Adam Traidman/Aaron Lasher (Breadwallet team), Glenn Hutchins, Bill Barhydt and Jiang Zhuoer.
I posted this 18 days ago:
Exposed: How Bankers are trying to centralize and highjack Bitcoin by buying "supporters" and promoters (like OpenBazaar team) for the B2X (S2X/NYA) attack on Bitcoin.
TL;DR: B2X (S2X/NYA) is nothing more than an open attack on Bitcoin, not an "upgrade" as they want to sell it. This attack has no 'consensus', at all. It was "agreed" by a bunch of miners and corporations behind closed doors, with no community nor developers support. Only miners and a few millionaires that stand to profit from the B2X attack support it. The vast majority of the Bitcoin community is totally against this attack on Bitcoin. Most of those companies are under DCG group:
Every bitcoiner should know about what DCG (Digital Currency Group) is, and call out publicly the people that are working for the Corporations/Bankers against Bitcoin.
Edit: Brian Armstrong back on the list for this flip-flop. And added Winklevoss Brothers for this, and Bobby Lee for this.
submitted by readish to Bitcoin [link] [comments]

Barry and his millionaire friends pumping the B2X (BT2) price on Bitfinex.

They can do that now easily due to the low liquidity, as time passes it will be more difficult to do. Even with the pumping, they can't get the S2X coin, appropriately named 'B2X' on Bitfinex (with symbol 'BT2'), over 1/2 the price of one real Bitcoin 'BTC' (with symbol 'BT1').
Even with Bitfinex appropriately naming each coin, it is still confusing, since the S2X'ers labeled their nodes as btc1, which they've been unable to grow in numbers, stagnating around just a little over 200.
The S2X/NYA attack is failing and losing steam as their few (albeit very rich) supporters are exposed to the light in every possible social media regarding their hidden motives and names behind the attack, so everybody is well informed and there is no confusion between the real Bitcoin and the altcoins with 'bitcoin' in their name.
Also, every bitcoiner should know about what DCG (digital Currency Group) is, and call out publicly these people that are working for the Corporations/Bankers against Bitcoin:
Sam Patterson (and OB team), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham and Brian Armstrong.
Once people are informed, they won't be fooled (like all the poor guys at btc) and will follow Bitcoin instead of Bizcoin or Bcash or any other centralized altcoin they come up with disguised as Bitcoin.
Focus your education/pressure efforts on just two people, if even one of them withdraws, S2X/NYA is effectively dead. And those two are:
Anyway, if they decide to stick to S2X altcoin, they MAY end up bankrupt or at least losing a lot of money from the loss of real bitcoins and from the subsequent lawsuits and the hit on their reputation and credibility leading to the loss of users/clients/customers.
Bitcoin would be set back a little bit (like what happened with the recent China+Bankers attack), but Moneybadger don't care, it will emerge stronger than ever, blasting through $10,000 and beyond.
Just Hodl (buy more if there's a dip), start a Core node if you haven't yet, and let your voice be heard if you have an account with Coinbase:
This is the direct link to contact them:
https://support.coinbase.com/customeportal/emails/new
On the bottom, click on "Submit a request".
This was my answer to them after my first email:
Thank you for your response, but to say "We will have more information about the fork in the coming months" it is not acceptable, since we need to know by the end of October, and we need to move all the funds from the Vault. We won't be dealing with any company supporting the S2X/NYA fork. If Coinbase does not care what their customers want, that is very disappointing, you need to be clear and officially declare why are you supporting such attack on Bitcoin, or definitely withdraw from such an irrational agreement which, by the way, it does not even have a replay protection yet, so Coinbase it is opening itself to many legal problems for all the lost coins that will result from that fork. Please side with the vast majority of the Bitcoin community and your customers, instead of a few corporations and miners with shady intentions and crapy developers. The majority will be following the Core developers. Please listen to your own Charlie Lee and withdraw from S2X now. Please let us know clearly your plan, so we can take all the appropriate measures in advance. Don't keep all of your customers in this unnecessary suspense and uncertainty. Thanks.
Sources:
https://www.bitfinex.com/order_book/bt1usd
https://www.bitfinex.com/order_book/bt2usd
https://coin.dance/nodes#allNodes
submitted by readish to Bitcoin [link] [comments]

Released List of Satoshi Roundtable Attendees Gathering this Weekend

Satoshi Roundtable II
This weekend a group of blockchain and bitcoin industry leaders gather again for the Satoshi Roundtable (satoshiroundtable.org) retreat. Participants in the second Satoshi Roundtable include developers, CEOs, investors, adopters and influencers from the blockchain and bitcoin world.
The retreat is limited to approximately 75 attendees and designed to encourage organic, participant-driven discussion free of the distractions of a conference.
Sessions include several topics of overall blockchain interest and a roundtable discussion on bitcoin capacity.
Please provide any suggestions you have for areas of discussion/ focus.
Partial list of confirmed participants:
Gabriel Abed, CEO, Bitt Charles Allen, CEO, BTCS Gavin Andresen, MIT / Bitcoin Foundation Adam Back, President, Blockstream David Bailey, CEO, yBitcoins Mike Belshe, CEO, BitGo Patrick Byrne, CEO, Overstock / T0 Michael Cao, CEO, zoomhash Dave Carlson, CEO, Mega Big Power Daniel Castagnoli, CCO Exodus Sam Cole, CEO, KNC Miner Matt Corallo, Core Developer Luke Dashjr, Core Developer Anthony Di Iorio, CDO-Toronto Stock Exchange, Founder-Ethereum/Decentral/Kryptokit Joe Disorbo, CEO, Webgistix Jason Dorsett, Early Adopter Evan Duffield, FoundeLead Scientist, Dash Andrew “Flip” Filipowski, Partne Co-Founder, Tally Capital Thomas France, Founder, Ledger Jeff Garzik, Founder, Bloq Yifo Guo, Tech Develope Early Adopter David Johnston, Chairman, Factom Samy Kamkar, Super Hacker Alyse Killeen, Partner, Venture Capital Investor Jason King, Founder, Unsung Mike Komaransky, Cumberland Mining Peter Kroll, Founder, bitaddress.org Bobby Lee, CEO, BTC China, Vice-Chairman of the Board, Bitcoin Foundation Charlie Lee, Director of Engineering, Coinbase/Founder of Litecoin Eric Lombrozo, Founder, Ciphrex Corp / Developer Marshall Long, CTO, Final Hash Matt Luongo, CEO, Fold Jake Mazulewicz, Ph.D. JMA Associates (guest speaker) Human performance researcher Halsey Minor, CEO, Uphold / Founder of CNet Alex Morcos, Hudson Trading/ Core Developer Neha Narula, MIT, Director of DCI – Digital Currency Initiative Dawn Newton, Co-Founder, COO, Netki Justin Newton, Founder CEO, Netki Stephen Pair, Co-FoundeCEO, BitPay Inc. Michael Perklin, President, C4 – CryptoCurrency Certification Consortium / Board Member, Bitcoin Foundation Alex Petrov, CIO, BitFury Phil Potter, CFA, Bitfinex Francis Pouliot, Director, Bitcoin Embassy, Board Member, Bitcoin Foundation JP Richardson, Chief Technical Officer, Exodus Jamie Robinson, QuickBt Jez San, Angel Investor Marco Santori, Partner, Pillsbury Scott Scalf, EVP/Head of Tech Team, Alpha Point Craig Sellars, CTO, Tether Ryan Shea, Co-Founder, One Name Greg Simon, CEO & Co-Founder Ribbit! Me / President, Bitcoin Association Paul Snow, CEO Factom, Texas Bitcoin Conference Riccardo Spagni, Monero Nick Spanos, Founder, Bitcoin Center NYC Elizabeth Stark, Co-Founder & CEO, Lightning Marco Streng, CEO, Genesis Mining Nick Sullivan, CEO, ChangeTip Paul Sztorc, Truthcoin Michael Terpin, CEO, Transform Group Peter Todd, Core Developer Joseph Vaughn Perling, New Liberty Dollar Roger Ver, CEO, Memory Dealers / Bitcoin.com Aaron Voisine, CEO, Breadwallet Zooko Wilcox, CEO, Z Cash Shawn Wilkinson, Founder, Storj Micah Winkelspecht, CEO, Gem
Also, representatives from Blockchain, Bain Capital Ventures, Mycelium, Fidelity Investments and others.
submitted by bruce_fenton to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] r/bitcoin recap - October 2017

The following post by SamWouters 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/7a355b
The original post's content was as follows:
Hi Bitcoiners!
I’m back with the tenth monthly Bitcoin news recap. Last month I couldn’t post as I was travelling a lot and missed a few days of news. Normally seen that's not a problem, but Reddit decided to discontinue historical searches for specific timeframes. I know, I was sad too.
Anyways for those unfamiliar with the recaps, each day I pick out the most popularelevant/interesting stories in bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
Now I know the price went absolutely ?? this month, but there’s a lot more going on in the space than that!
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in October 2017
Thanks everyone for fighting the good fight for Bitcoin these past few months. Just one more month and we'll h...
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/Bitcoin] Barry and his millionaire friends pumping the B2X (BT2) price on Bitfinex.

The following post by readish 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/74o3i2
The original post's content was as follows:
They can do that now easily due to the low liquidity, as time passes it will be more difficult to do. Even with the pumping, they can't get the S2X coin, appropriately named 'B2X' on Bitfinex (with symbol 'BT2'), over 1/2 the price of one real Bitcoin 'BTC' (with symbol 'BT1').
Even with Bitfinex appropriately naming each coin, it is still confusing, since the S2X'ers labeled their nodes as btc1, which they've been unable to grow in numbers, stagnating around just a little over 200.
The S2X/NYA attack is failing and losing steam as their few (albeit very rich) supporters are exposed to the light in every possible social media regarding their hidden motives and names behind the attack, so everybody is well informed and there is no confusion between the real Bitcoin and the altcoins with 'bitcoin' in their name.
Also, every bitcoiner should know about what DCG (digital Currency Group) is, and call out publicly these people that are working for the Corporations/Bankers against Bitcoin:
Sam Patterson (and OB team), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham and Brian Armstrong.
Once people are informed, they won't be fooled (like all the poor guys at btc) and will follow Bitcoin instead of Bizcoin or Bcash or any other centralized altcoin they come up with disguised as Bitcoin.
Focus your education/pressure efforts on just two people, if even one of them withdraws, S2X/NYA is effectively dead. And those two are:
Anyway, if they decide to stick to S2X altcoin, they MAY end up bankrupt or at least losing a lot of money from the loss of real bitcoins and from the subsequent lawsuits and the hit on their reputation and credibility leading to the loss of users/clients/customers.
Bitcoin would be set back a little bit (like what happened with the recent China+Bankers attack), but Moneybadger don't care, it will emerge stronger than ever, blasting through $10,000 and beyond.
Just Hodl (buy more if there's a dip), start a Core node if you haven't yet, and let your voice be heard if you have an account with Coinbase:
This is the direct link to contact them:
https://support.coinbase.com/customeportal/emails/new
On the bottom, click on "Submit a request".
This was my answer to them after my first email:
Thank you for your response, but to say "We will have more information about the fork in the coming months" it is not acceptable, since we need to know by the end of October, and we need to move all the funds from the Vault. We won't be dealing with any company supporting the S2X/NYA fork. If Coinbase does not care what their customers want, that is very disappointing, you need to be clear and officially declare why are you supporting such attack on Bitcoin, or definitely withdraw from such an irrational agreement which, by the way, it does not even have a replay protection yet, so Coinbase it is opening itself to many legal problems for all the lost coins that will result from that fork. Please side with the vast majority of the Bitcoin community and your customers, instead of a few corporations and miners with shady intentions and crapy developers. The majority will be following the Core developers. Please listen to your own Charlie Lee and withdraw from S2X now. Please let us know clearly your plan, so we can take all the appropriate measures in advance. Don't keep all of your customers in this unnecessary suspense and uncertainty. Thanks.
Sources:
https://www.bitfinex.com/order_book/bt1usd
https://www.bitfinex.com/order_book/bt2usd
https://coin.dance/nodes#allNodes
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

12-27 09:32 - 'Basic Income Bitcoin™️ Network' (self.Bitcoin) by /u/VictorMichelle removed from /r/Bitcoin within 6-16min

'''
Bitcoin™ ️ | Bitcoin Time Mining Due to mining complexity growth, B.TM becomes time miners spent to find the next block and receive the award by Bitcoin™ iOS & Android Mining Programm (CellPhoneMiners)
Manifesto “All Human Beings Are Born Free And Equal In Dignity And Rights". United Nations | Universal Declaration of Human Rights 10 December 1948, Resolution 217, Palais de Chaillot, Paris, France.
Problem Basic Income Bitcoin™️ Network In order Basic Income Bitcoin™️ Network to become the mainstream used in global transactions, ubiquitous and efficient, it will require a critical mass of users. At the same time, millions of people around the world do not participate in the financial system because of restricting access by starting capital. With Basic Income Bitcoin™️ Network activation, 2 interlocking sets of problems will be resolved: - growing inequality in access by those at the bottom to the most basic goods and services; - growing disillusion with public programs designed to address these problems. Mark Zuckerberg argues that automation and robotisation also will take a lot of jobs in the years to come, and that basic income in USA is especially needed because of that. Nathan Schneider, Vice magazine journalist, has also highlighted the fact that several in the "tech elite" nowadays are quite pro-basic income. The need for a universal basic income is becoming more apparent as the world makes strides in technological advancement. The impending damage that will be dealt with the economy will be far reaching and affect many people. With a rising unemployment rate, poverty stricken communities will become more impoverished and cause a decline in livelihood worldwide.
Solution Bitcoin™️ | Personal Finance Exchange System Victor Michelle estimates that Satoshi Nakamoto support a Basic Income Bitcoin™️ Network large enough & financial source to paying the basic income may come from Bitcoin™️ Miners & Bitcoin™️ Transaction Fees. Basic Income Bitcoin™️ Network is a form of social security in which all users receive a regular, unconditional sum of Bitcoin™️ (B.TM), independent of any other income. Basic income which is financed by the Bitcoin™️ CellPhoneMiners all over the World (social dividend, also known as users dividend) are major components in many proposed models of market socialism. Basic income schemes have also been promoted within the context of capitalist systems, where they would be financed through various forms of taxation. Prominent advocates of the basic income concept include Elon Musk, Mark Zuckerberg, André Gorz, Ailsa McKay, Guy Standing, Karl Widerquist, Hillel Steiner, Peter Vallentyne and Philippe Van Parijs. Bitcoin™️ Community aim at using goods and services within the Personal Finance Exchange System and countering inequality by giving everyone the chance to get involved in financial system. Personal Finance Exchange System based on Blockchain & allows Bitcoin™️ Community to buy and sell goods and services. It is international in scope since it uses Bitcoin™️ based on growing cryptocurrency users, so, in 2020 the system may handle much of international world private commercial activity and uses Personal Finance Exchange System to serve as an international exchange system and as a Marketplace. We suggest Blockchain is a means of empowerment for all people. An advantage cited is that a destitute person can begin trading, since it does not require such a person to first have an acceptable credit history or credit score. Regardless of a person's financial situation, each person's new contributions have exchangeable value based on the worthiness of their contribution. We claime that the Bitcoin™️ (B.TM) comes into existence only when a trade happens and, as a result, there is no risk of inflation or deflation since the system is transparent for all Bitcoin™️ users.
Social Significance We Bring People in Blockchain The key concept of the Blockchain economy is that human capital can be treated as business product, as educational and innovative intellectual products and services can be exported for a high value return. The key component of a Blockchain economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources. It is personal asset based approach, which focuses on the contributions towards their communities that everyone can make. The Bitcoin™️ economy effect using appropriate technology and methods, virtual marketplaces and virtual organizations that offer benefits of speed, agility, round the clock operation and global reach can be created. These characteristics require new ideas and approaches by Blockchain users. Digital economy has manifold forms in which it may appear and extend radically, creating a pattern in which even private/personal currency will be recognized and identified as a commodity. Personal Finance Exchange System based on Basic Income Bitcoin™️ Network could rebuild the infrastructure of trust and caring that can strength communities and would enable individuals and communities to become more self-sufficient, to insulate themselves from the vagaries of politics and to tap the capacity of individuals.
Commercial Significance Invest in Human Development Basic Income Bitcoin™️ Network allows for economic growth. People may decide to invest in themselves to earn higher degrees and get interesting and well-paid jobs that, in turn, could trigger growth: Digital private assets; Cryptocurrency market capitalization; Crypto liquidity; International crypto cooperation; Freedom of investments & Individual’s free access to the capital market;
Technical Bitcoin™️ Payments The technology requirements for the Personal Finance Exchange System must be able to disseminate a unified process by which a working method may converge scientific and technology solutions, and organizational solutions. Bitcoin™️ is tax-exempt and uses as a means in Personal Finance Exchange System. Bitcoin™️ Community encouraging exchange service, resist inflation, avoid hoarding, enable trade, and encourage cooperation among Stock Exchanges. Personal Finance Exchange System generates tangible and intangible values. The global economy is in transition to a Blockchain economy, as an extension of an information society led by innovations. The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where Bitcoin™️ Community's resources such as trade secrets and expertise are as critical as other economic resources.
Conclusion Global Social Economic System Blockchain economy is also seen as the latest stage of development in global economic restructuring. Thus far, the developed world has transitioned from an agricultural economy to industrial economy, post-industrial/mass production economy to digital economy (largely the technology/human capital sector). That is why we believe that the next evolutionary step is the Personal Finance Exchange System, based on Basic Income Bitcoin™️ Network, where the Bitcoin™️ (B.TM) is now being shared among and across various networks for the benefit of all network members, to gain economic of scale in a wider, more open scale the gradual evolution of network economy would create a well interconnected economic order. Bitcoin™️ Community becomes much easier to access results of networked data-bases which promote online interaction between users and producers. Personal Finance Exchange System and connectivity developments such as the Internet bring the global village ever nearer. As a result, goods and services can be developed, bought, sold, and in many cases even delivered over electronic networks. It can be argued that the digital economy differs from the traditional economy in several key respects: the economics are not of scarcity, but rather of abundance. Unlike most resources that are depleted when used, Blockchain economy can be amplified, where Bitcoin™️ (B.TM) actually grow through iOS & Android Applications.
Basic Income Prominent Advocates: Eurasia: Philippe Van Parijs, Ailsa McKay, André Gorz, Antonio Negri, Osmo Soininvaara, Guy Standing, Susanne Wiest, Dieter Althaus, Yanis Varoufakis, Tim Berners-Lee, Christopher Pissarides, Angus Deaton, Björn Wahlroos, Tim Höttges, Götz Werner, Jonathan Reynolds, Varun Gandhi, Arvind Subramanian. America: Mark Zuckerberg, Elon Musk, Tim Draper, Robert Reich, Pierre Omidyar, Erik Olin Wright, Carole Pateman, Sam Altman, Chris Hughes, Dan Savage, Charles Murray, Bill Gross, Robin Chase, Peter Barnes, Andy Stern, Ryan Holmes, Paul Vallée, Guy Caron, Naheed Nenshi, Don Iveson, Keith Ellison. World: Eduardo Suplicy, Archbishop Desmond Tutu, Gareth Morgan, Andrew Little.
'''
Basic Income Bitcoin™️ Network
Go1dfish undelete link
unreddit undelete link
Author: VictorMichelle
submitted by removalbot to removalbot [link] [comments]

[uncensored-r/Bitcoin] Basic Income Bitcoin™? Network

The following post by VictorMichelle is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7me0nh
The original post's content was as follows:
Bitcoin™ ? | Bitcoin Time Mining Due to mining complexity growth, B.TM becomes time miners spent to find the next block and receive the award by Bitcoin™ iOS & Android Mining Programm (CellPhoneMiners)
Manifesto “All Human Beings Are Born Free And Equal In Dignity And Rights". United Nations | Universal Declaration of Human Rights 10 December 1948, Resolution 217, Palais de Chaillot, Paris, France.
Problem Basic Income Bitcoin™? Network In order Basic Income Bitcoin™? Network to become the mainstream used in global transactions, ubiquitous and efficient, it will require a critical mass of users. At the same time, millions of people around the world do not participate in the financial system because of restricting access by starting capital. With Basic Income Bitcoin™? Network activation, 2 interlocking sets of problems will be resolved: - growing inequality in access by those at the bottom to the most basic goods and services; - growing disillusion with public programs designed to address these problems. Mark Zuckerberg argues that automation and robotisation also will take a lot of jobs in the years to come, and that basic income in USA is especially needed because of that. Nathan Schneider, Vice magazine journalist, has also highlighted the fact that several in the "tech elite" nowadays are quite pro-basic income. The need for a universal basic income is becoming more apparent as the world makes strides in technological advancement. The impending damage that will be dealt with the economy will be far reaching and affect many people. With a rising unemployment rate, poverty stricken communities will become more impoverished and cause a decline in livelihood worldwide.
Solution Bitcoin™? | Personal Finance Exchange System Victor Michelle estimates that Satoshi Nakamoto support a Basic Income Bitcoin™? Network large enough & financial source to paying the basic income may come from Bitcoin™? Miners & Bitcoin™? Transaction Fees. Basic Income Bitcoin™? Network is a form of social security in which all users receive a regular, unconditional sum of Bitcoin™? (B.TM), independent of any other income. Basic income which is financed by the Bitcoin™? CellPhoneMiners all over the World (social dividend, also known as users dividend) are major components in many proposed models of market socialism. Basic income schemes have also been promoted within the context of capitalist systems, where they would be financed through various forms of taxation. Prominent advocates of the basic income concept include Elon Musk, Mark Zuckerberg, André Gorz, Ailsa McKay, Guy Standing, Karl Widerquist, Hillel Steiner, Peter Vallentyne and Philippe Van Parijs. Bitcoin™? Community aim at using goods and services within the Personal Finance Exchange System and countering inequality by giving everyone the chance to get involved in financial system. Personal Finance Exchange System based on Blockchain & allows Bitcoin™? Community to buy and sell goods and services. It is international in scope since it uses Bitcoin™? based on growing cryptocurrency users, so, in 2020 the system may handle much of international world private commercial activity and uses Personal Finance Exchange System to serve as an international exchange system and as a Marketplace. We suggest Blockchain is a means of empowerment for all people. An advantage cited is that a destitute person can begin trading, since it does not require such a person to first have an acceptable credit history or credit score. Regardless of a person's financial situation, each person's new contributions have exchangeable value based on the worthiness of their contribution. We claime that the Bitcoin™? (B.TM) comes into existence only when a trade happens and, as a result, there is no risk of inflation or deflation since the system is transparent for all Bitcoin™? users.
Social Significance We Bring People in Blockchain The key concept of the Blockchain economy is that human capital can be treated as business product, as educational and innovative intellectual products and services can be exported for a high value return. The key component of a Blockchain economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources. It is personal asset based approach, which focuses on the contributions towards their communities that everyone can make. The Bitcoin™? economy effect using appropriate technology and methods, virtual marketplaces and virtual organizations that offer benefits of speed, agility, round the clock operation and global reach can be created. These characteristics require new ideas and approaches by Blockchain users. Digital economy has manifold forms in which it may appear and extend radically, creating a pattern in which even private/personal currency will be recognized and identified as a commodity. Personal Finance Exchange System based on Basic Income Bitcoin™? Network could rebuild the infrastructure of trust and caring that can strength communities and would enable individuals and communities to become more self-sufficient, to insulate themselves from the vagaries of politics and to tap the capacity of individuals.
Commercial Significance Invest in Human Development Basic Income Bitcoin™? Network allows for economic growth. People may decide to invest in themselves to earn higher degrees and get interesting and well-paid jobs that, in turn, could trigger growth: Digital private assets; Cryptocurrency market capitalization; Crypto liquidity; International crypto cooperation; Freedom of investments & Individual’s free access to the capital market;
Technical Bitcoin™? Payments The technology requirements for the Personal Finance Exchange System must be able to disseminate a unified process by which a working method may converge scientific and technology solutions, and organizational solutions. Bitcoin™? is tax-exempt and uses as a means in Personal Finance Exchange System. Bitcoin™? Community encouraging exchange service, resist inflation, avoid hoarding, enable trade, and encourage cooperation among Stock Exchanges. Personal Finance Exchange System generates tangible and intangible values. The global economy is in transition to a Blockchain economy, as an extension of an information society led by innovations. The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where Bitcoin™? Community's resources such as trade secrets and expertise are as critical as other economic resources.
Conclusion Global Social Economic System Blockchain economy is also seen as the latest stage of development in global economic restructuring. Thus far, the developed world has transitioned from an agricultural economy to industrial economy, post-industrial/mass production economy to digital economy (largely the technology/human capital sector). That is why we believe that the next evolutionary step is the Personal Finance Exchange System, based on Basic Income Bitcoin™? Network, where the Bitcoin™? (B.TM) is now being shared among and across various networks for the benefit of all network members, to gain economic of scale in a wider, more open scale the gradual evolution of network economy would create a well interconnected economic order. Bitcoin™? Community becomes much easier to access results of networked data-bases which promote online interaction between users and producers. Personal Finance Exchange System and connectivity developments such as the Internet bring the global village ever nearer. As a result, goods and services can be developed, bought, sold, and in many cases even delivered over electronic networks. It can be argued that the digital economy differs from the traditional economy in several key respects: the economics are not of scarcity, but rather of abundance. Unlike most resources that are depleted when used, Blockchain economy can be amplified, where Bitcoin™? (B.TM) actually grow through iOS & Android Applications.
Basic Income Prominent Advocates: Eurasia: Philippe Van Parijs, Ailsa McKay, André Gorz, Antonio Negri, Osmo Soininvaara, Guy Standing, Susanne Wiest, Dieter Althaus, Yanis Varoufakis, Tim Berners-Lee, Christopher Pissarides, Angus Deaton, Björn Wahlroos, Tim Höttges, Götz Werner, Jonathan Reynolds, Varun Gandhi, Arvind Subramanian. America: Mark Zuckerberg, Elon Musk, Tim Draper, Robert Reich, Pierre Omidyar, Erik Olin Wright, Carole Pateman, Sam Altman, Chris Hughes, Dan Savage, Charles Murray, Bill Gross, Robin Chase, Peter Barnes, Andy Stern, Ryan Holmes, Paul Vallée, Guy Caron, Naheed Nenshi, Don Iveson, Keith Ellison. World: Eduardo Suplicy, Archbishop Desmond Tutu, Gareth Morgan, Andrew Little.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/Bitcoin] Barry and his millionaire friends pumping the B2X (BT2) price on Bitfinex.

The following post by readish is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/74n7yb
The original post's content was as follows:
They can do that now easily due to the low liquidity, as time passes it will be more difficult to do. Even with the pumping, they can't get the S2X coin, appropriately named 'B2X' on Bitfinex (with symbol 'BT2'), over 1/2 the price of one real Bitcoin 'BTC' (with symbol 'BT1').
Even with Bitfinex appropriately nameinf each coin, it is still confusing, since the S2X'ers labeled their nodes as btc1, which they've been unable to grow in numbers, stagnating around just a little over 200.
The S2X/NYA attack is failing and losing steam as their few (albeit very rich) supporters are exposed to the light in every possible social media regarding their hidden motives and names behind the attack, so everybody is well informed and there is no confusion between the real Bitcoin and the altcoins with 'bitcoin' in their name.
Also, every bitcoiner should know about what DCG (digital Currency Group) is, and call out publicly these people that are working for the Corporations/Bankers against Bitcoin:
Sam Patterson (and OB team), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham and Brian Armstrong.
Once people are informed, they won't be fooled (like all the poor guys at btc) and will follow Bitcoin instead of Bizcoin or Bcash or any other centralized altcoin they come up with disguised as Bitcoin.
Focus your education/pressure efforts on just two people, if even one of them withdraws, S2X/NYA is effectively dead. And those two are:
Anyway, if they decide to stick to S2X altcoin, they will end up bankrupt from the loss of real bitcoins and from the subsequent lawsuits. Bitcoin would be set back a little bit (like what happened with the recent China+Bankers attack), but Moneybadger don't care, it will emerge stronger than ever, blasting through $10,000 and beyond.
Just Hodl (buy more if there's a dip), start a Core node if you haven't yet, and let your voice be heard if you have an account with Coinbase:
This is the direct link to contact them:
https://support.coinbase.com/customeportal/emails/new
On the bottom, click on "Submit a request".
This was my answer to them after my first email:
Thank you for your response, but to say "We will have more information about the fork in the coming months" it is not acceptable, since we need to know by the end of October, and we need to move all the funds from the Vault. We won't be dealing with any company supporting the S2X/NYA fork. If Coinbase does not care what their customers want, that is very disappointing, you need to be clear and officially declare why are you supporting such attack on Bitcoin, or definitely withdraw from such an irrational agreement which, by the way, it does not even have a replay protection yet, so Coinbase it is opening itself to many legal problems for all the lost coins that will result from that fork. Please side with the vast majority of the Bitcoin community and your customers, instead of a few corporations and miners with shady intentions and crapy developers. The majority will be following the Core developers. Please listen to your own Charlie Lee and withdraw from S2X now. Please let us know clearly your plan, so we can take all the appropriate measures in advance. Don't keep all of your customers in this unnecessary suspense and uncertainty. Thanks.
Sources:
https://www.bitfinex.com/order_book/bt1usd
https://www.bitfinex.com/order_book/bt2usd
https://coin.dance/nodes#allNodes
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/Bitcoin] Jeff Garzik: “Today, bitcoin faces existential threats from forks, developer drama and so on. Kno...

The following post by readish 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/78kg89
The original post's content was as follows:
...oh, so that explains it.
The old and effective Problem-Reaction-Solution strategy. Well, effective before the current social media era, in which hidden motives can be brought to the light of day to be exposed.
I will keep posting this until the very day of the fork, with the hope that more bitcoiners learn the true nature of S2X/B2X/NYA open attack on Bitcoin disguised as an "upgrade". This is a 2X Trojan Horse, and do you know who is inside that horse? Top level banker's special-forces like Blythe Masters, Larry Summers, Glenn Hutchins (sits on the board of The Federal Reserve Bank of New York) and DCG (Digital Currency Group).
We need to keep our efforts to expose and inform people about what S2X/NYA/DCG really is. Don't trust and don't do business with these companies and individuals supporting the S2X attack on Bitcoin.
Companies:
https://coin.dance/poli
http://segwit.party/nya/
Individuals:
Those guys are pure greed, they don't care about the 7 billion of people on this planet. Expose them and don't give them your business. Starve the beast. They will regret sticking with the B2X altcoin that will go the BCH way (and all the other highjack attempts before them). Moneybadger don't care and only gets stronger and immunized after each snake-bite.
Actually >99% of the Bitcoin community supports the real Bitcoin. The centralized B2X-coin attack is only supported by a handful of rich crooks and the people they've managed to bribe with their deep pockets:
Brian Armstrong, Fred Ehrsam (ex-Goldman Sacks), Bobby Lee, Winklevoss brothers, Peter Smith, Nic Cary, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Ryan X Charles, Brian Hoffman/Sam Patterson/Chris Pacia (and all OB1 team), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Aaron Voisine/Adam Traidman/Aaron Lasher (Breadwallet team), Glenn Hutchins, Bill Barhydt and Jiang Zhuoer.
I posted this 18 days ago:
Exposed: How Bankers are trying to centralize and highjack Bitcoin by buying "supporters" and promoters (like OpenBazaar team) for the B2X (S2X/NYA) attack on Bitcoin.
TL;DR: B2X (S2X/NYA) is nothing more than an open attack on Bitcoin, not an "upgrade" as they want to sell it. This attack has no 'consensus', at all. It was "agreed" by a bunch of miners and corporations behind closed doors, with no community nor developers support. Only miners and a few millionaires that stand to profit from the B2X attack support it. The vast majority of the Bitcoin community is totally against this attack on Bitcoin. Most of those companies are under DCG group:
Every bitcoiner should know about what DCG (Digital Currency Group) is, and call out publicly the people that are working for the Corporations/Bankers against Bitcoin.
Edit: Brian Armstrong back on the list for this flip-flop. And added Winklevoss Brothers for this, and Bobby Lee for this.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

10-06 12:42 - 'Barry and his millionaire friends pumping the B2X (BT2) price on Bitfinex.' (self.Bitcoin) by /u/readish removed from /r/Bitcoin within 16-26min

'''
They can do that now easily due to the low liquidity, as time passes it will be more difficult to do. Even with the pumping, they can't get the S2X coin, appropriately named 'B2X' on Bitfinex [(with symbol 'BT2')]1 , over 1/2 the price of one real Bitcoin 'BTC' [(with symbol 'BT1')]2 .
Even with Bitfinex appropriately nameinf each coin, it is still confusing, since the S2X'ers labeled their [nodes as btc1]3 , which they've been unable to grow in numbers, stagnating [around just a little over 200]4 .
The S2X/NYA attack is failing and losing steam as their few (albeit very rich) supporters are exposed to the light in every possible social media regarding their hidden motives and names behind the attack, so everybody is well informed and there is no confusion between the real Bitcoin and the altcoins with 'bitcoin' in their name.
Also, every bitcoiner should know about what [DCG (digital Currency Group)]5 is, and call out publicly these people that are working for the Corporations/Bankers against Bitcoin:
Sam Patterson ([and OB team]6 ), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham and Brian Armstrong.
Once people are informed, they won't be fooled (like all the poor guys at btc) and will follow Bitcoin instead of Bizcoin or Bcash or any other centralized altcoin they come up with disguised as Bitcoin.
Focus your education/pressure efforts on just two people, if even one of them withdraws, S2X/NYA is effectively dead. And those two are:
Anyway, if they decide to stick to S2X altcoin, they will end up bankrupt from the loss of real bitcoins and from the subsequent lawsuits. Bitcoin would be set back a little bit (like what happened with the recent China+Bankers attack), but Moneybadger don't care, it will emerge stronger than ever, blasting through $10,000 and beyond.
Just Hodl (buy more if there's a dip), start a Core node if you haven't yet, and let your voice be heard if you have an account with Coinbase:
This is the direct link to contact them:
[link]9
On the bottom, click on "Submit a request".
This was my answer to them after my first email:
Thank you for your response, but to say "We will have more information about the fork in the coming months" it is not acceptable, since we need to know by the end of October, and we need to move all the funds from the Vault. We won't be dealing with any company supporting the S2X/NYA fork. If Coinbase does not care what their customers want, that is very disappointing, you need to be clear and officially declare why are you supporting such attack on Bitcoin, or definitely withdraw from such an irrational agreement which, by the way, it does not even have a replay protection yet, so Coinbase it is opening itself to many legal problems for all the lost coins that will result from that fork. Please side with the vast majority of the Bitcoin community and your customers, instead of a few corporations and miners with shady intentions and crapy developers. The majority will be following the Core developers. Please listen to your own Charlie Lee and withdraw from S2X now. Please let us know clearly your plan, so we can take all the appropriate measures in advance. Don't keep all of your customers in this unnecessary suspense and uncertainty. Thanks.
Sources:
[link]10
[link]11
[link]12
'''
Barry and his millionaire friends pumping the B2X (BT2) price on Bitfinex.
Go1dfish undelete link
unreddit undelete link
Author: readish
1: gyaz*.com/*cd9*13*785c3*184**35cde5*2b*f*d 2: gyazo.****70bedd*c*80*a04ae6b70842*c*6ac*0 3: g*azo.***/b98e8*b18*9f*a*03e*6ee925*d845e8 4: g*****co*/eac**f9*c80428971fb7d744188*c819 5: https://np.reddit.com/btc/comments/743qb8/is_segwit2x_the_real_banker_takeove 6: https://www.reddit.com/Bitcoin/comments/74dot9/psa_open_bazaars_latest_investment_round_was_fodnxjsrg/?context=3 7: https://twitter.com/barrysilbert 8: https://twitter.com/brian_armstrong 9: *u**ort**oin**se.com/cu*t*me*/portal/emai*s/*ew 10: www*bi*finex*com/*rd*r_book/*t1u** 11: *ww.*it*inex.com/o*der*b*ok/*t2us* 12: coin.da*ce/nod*s*a*lNod**
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Fraudsters and losers: Five greatest cryptocurrency flops in history

Bankruptcies, lawsuits, thefts and information leaks are inseparable companions of any big business, and cryptocurrencies are no exception. CoinFox recalls the most scandalous failures of the blockchain industry.
Every child learning to walk and run will be falling, and sometimes quite painfully. The teething problems of the rapidly developing cryptocurrency industry – gullibility, fecklessness, incompetence, overestimation – resulted in hundreds of millions of dollars lost. As we will see, even successful and reputable startups are not immune from this risk.
Mt. Gox: A company that nearly buried bitcoin
The Japan-registered exchange used to be the biggest online platform for BTC/USD operations, brought to the world in 2009 by Jeb McCaleb as an online marketplace for wizard-themed playing cards (its name stands for “Magic: the Gathering Online Exchange”). Just like an evil wizard, it made a vast sum of money disappear without a trace. Some of its clients lost a fortune.
The trading platform, which in 2013 processed 70% of all bitcoin operations, collapsed due to a flaw in its code that allowed hackers to steal digital currency from customer accounts. Over 2011- 2014, the violators managed to drain 744,408 bitcoins, including 100,000 belonging to the company itself. At that moment, the loss was estimated at over $450 mln and amounted to 7% of all bitcoins in circulation.
The company admitted the losses in February 2014. And it came as little surprise to people who had knowledge of the Tokyo-based company’s inner work. “Gox is the worst-run business in the history of the world,” said bitcoin advocate Roger Ver, who tried to help the company to sort out an earlier hack, which also resulted in a large bitcoin leakage. No wonder, the Wired magazine ruthlessly criticised Mt. Gox as a “messy combination of poor management, neglect, and raw inexperience.”
So frustrating was the money loss and so vast was the scale of the scandal that many people believed it would undermine public trust forever and drive cryptocurrencies totally beyond the law. Up until the crisis, bitcoin had been gradually gaining world acceptance, and the damage to its reputation could have destroyed it for good.
It is notable that on 20 March 2014, Mt. Gox declared it “found” 200,000 bitcoins worth around $116 million in an old digital wallet from 2011. In April, suffering from a lawsuit avalanche, the company that had nearly buried the world’s most popular cryptocurrency gave up its plans to rebuild under bankruptcy protection and asked the Tokyo court to allow its liquidation.
KnCMiner: the short journey “to the skies”
The Swedish company KnCMiner had an extraordinary start. In the beginning, it managed to raise $32 million of investments. Business Insider UK included the miner in the list of top-21 most influential bitcoin companies. In June 2015, KnCMiner implemented the new powerful Solar ASIC that was supposed to boost the efficiency of mining, but that turned out to be useless due to the anticipated bitcoin block reward halving.
“We knew that there were risks related to doing this in Sweden. We aimed for the skies, not to build a mediocre medium sized business. We got big investors on board and took a chance. But it hasn’t paid off,” said CEO Sam Cole.
Early in 2015, a scandal broke out around the quality of KnCMiner’s products and services. According to Swedish media, more than 100 clients accused the company of fraud and sent a collective complaint to Swedish authorities. As the dissatisfied clients claimed, the mining device called Titan did not work well and caused ignition, whereas the company refused to return the money for it. Besides, it was reported that the company refused to communicate with the lawyers that represented the interests of the clients.
“All the while we were having huge problems with their machines (fires, burnt-out cores, random shutdowns, etc.). [At the same time], KnC was making press/Twitter, etc. releases about how happy their customers were with the junk they had sent them,” wrote one of the enraged clients.
The Swedish court ruled in favour of KnCMiner, refusing to satisfy the claim of the applicants, but that did not help the company: due to the abovementioned reasons, the KnC was unable to cover its own expenses. Besides, the lawsuits brought in by its American clients are still being considered by courts in the USA.
Cryptsy: how to lose $6 million
The operation of the cryptocurrency exchange Cryptsy ended in January 2016, also in a flop. According to the company, that was caused by a hacker’s attack that resulted in Cryptsy losing 13,000 bitcoins and almost 300,000 Litecoins (which equalled more than $6 million in January). However, in reality, the theft had happened eighteen months before – on 29 July 2014. The management of the exchange decided not to report the large cryptocurrency leak from the users’ “hot wallets”, hoping to recompense the stolen money with their own reserves.
But the exchange failed to make up for the loss. In October 2015, rumours began to spread regarding the hard financial situation of the platform: users started noticing problems when trying to remove their money from exchange wallets. But Cryptsy CEO Paul Vernon denied any financial difficulties faced by the company.
The exchange blamed the hacking on one of the platform’s developers, Lucky7Coin. However, some of the clients have a different opinion: they suspect the owner Paul Vernon and his ex-wife Lori Ann Nettles of removing the funds and cashing them out. Now they are involved in court proceedings in Florida.
The collective lawsuit to Vernon and his former spouse reads that the money removed from Cryptsy was cashed out and spent to buy a $1.5 mln villa on the Florida coast and an Infinity QX80. A temporary sale ban has been imposed on this property following the investors’ demand.
Bitcoin Foundation: the weakest link
Lost credibility – that is the situation the Bitcoin Foundation ended up in. Initially launched to spread the knowledge of cryptocurrencies and popularise bitcoin, the foundation was supposed to act as a link between the bitcoin community and the conventional industries and governmental bodies. But the practice has shown that companies can perfectly do it on their own without any help, while the fund’s monthly budget, as big as $150,000, would make for a modest crowdfunding campaign of an emerging cryptocurrency startup.
The financial position of the Bitcoin Foundation has got worse during the last eighteen months. First of all, the foundation has lost part of its funds due to the high volatility of bitcoin. Secondly, the inflow of the donations to the not-for-profit organisation by bitcoin companies has considerably dwindled. That happened due to the fund being increasingly accused of inefficient spending of its money. For instance, the community was outraged to learn that Board Member Patrick Murck had spent $12,000 to visit a seminar in London.
In October 2015, at a board meeting, it was announced that the organisation has funds only sufficient to operate until March 2016. The board members had to donate money from their own pocket: the head of the Foundation Bruce Fenton, as well as Board Members Bobby Lee and Brock Pierce, contributed $10,000 each. About $65,000 was also received from a miner who chose to remain unknown.
Still, the foundation has failed to return the main investment – the trust of the industry. The letter Fenton wrote in May in which he tried to encourage Bitcoin Core developers to enhance cooperation with the fund was scorned by the community. The Core team was not convinced either: Peter Todd noted that Bitcoin Foundation is not the organisation that people want to be associated with. “I personally would like to distance myself from it,” he added.
After Bruce Fenton quit his position of CEO, it was occupied by a South African venture investor Llew Claasen. He will have to make a difficult choice: whether to try and return the trust of the industry with more investments, or follow the advice of some bitcoin activists and shut down the organisation.
The DAO: the tragedy of “not-so-smart” contracts
For a long time, the community only preferred to talk about the advantages of decentralisation: resistance to fraudulent schemes, saving on intermediaries, a more transparent governance system where every participant has a voice that will never be ignored in the voting. True democracy.
Now we know what the ticket costs that brings you to this democratic paradise: $60 million. This is the sum lost by The Decentralised Autonomous Organisation (The DAO), albeit not completely, due to a loophole in the platform’s code. Earlier this year The DAO triumphantly raised about $150 million attracting investors by its innovative design.
The smart contract turned out to be not so smart: the fraudster managed to outsmart it and make use of a vulnerability in The DAO’s architecture. On 17 June, 3.6 million ethers were removed from the DAO’s main account, which at that moment equalled $60 million. Formally, though, the thief has done nothing illegal, it was not even a hack: he made use of a legitimate function provided by the smart contract itself.
Now Ethereum developers are hastily proposing various decisions: from “doing nothing” to temporarily freezing all the funds in The DAO (including those rescued and removed to safe accounts) and even calling off transactions in the whole Ethereum network. Although the latter can certainly return the funds, it will give the industry an irreparable reputational blow. One of the advantages of the blockchain – irreversibility – will be discredited. And whenever you allow yourself to pull back and change the name of the game, there will be always room for fraudsters.
by coinfox.info
submitted by saracon to CoinfoxTopBits [link] [comments]

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Bitcoin Is Just Getting Started on Next Parabolic Cycle, Says Etoro’s Greenspan

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