Is Bitcoin a Real Currency? An Economic Appraisal ...

Flatten the Curve. #18. The current cold war between China and America explained. And how China was behind the 2008 Wall Street financial Crash. World War 3 is coming.

China, the USA, and the Afghanistan war are linked. And in order to get here, we will start there.
9-11 happened. Most of the planet mistakenly understood terrorists had struck a blow against Freedom and Capitalism and Democracy. It was time to invade Afghanistan. Yet all of the terrorists were linked to Saudi Arabia and not Afghanistan, that didn't make sense either. Yet they invaded to find Bin Laden, an ex CIA asset against the Soviet Union and it's subjugation of Afghanistan. The land in the middle of nowhere in relation to North America and the West. It was barren. A backwater without any strategic importance or natural resources.
Or was there?
The survey for rare earth elements was only made possible by the 2001 U.S. invasion, with work beginning in 2004. Mirzad says the Russians had already done significant surveying work during their military occupation of the country in the 1980s. Mirzad also toes the line for U.S. corporations, arguing, “The Afghan government should not touch the mining business. We have to give enough information to potential investors.”
Rare Earth Elements. The elements that make the information age possible. People could understand the First Gulf War and the Geopolitical importance of oil. That was easy, but it still didn't sound morally just to have a war for oil. It was too imperialist and so they fell in line and supported a war for Kuwaiti freedom instead, despite the obvious and public manipulation at the UN by Nayirah.
This is some of her testimony to the Human Rights Council.
While I was there, I saw the Iraqi soldiers come into the hospital with guns. They took the babies out of the incubators, took the incubators and left the children to die on the cold floor. It was horrifying. I could not help but think of my nephew who was born premature and might have died that day as well. After I left the hospital, some of my friends and I distributed flyers condemning the Iraqi invasion until we were warned we might be killed if the Iraqis saw us.
The Iraqis have destroyed everything in Kuwait. They stripped the supermarkets of food, the pharmacies of medicine, the factories of medical supplies, ransacked their houses and tortured neighbors and friends.
There was only one problem. She was the daughter of Saud Al-Sabah, the Kuwaiti ambassador to the United States. Furthermore, it was revealed that her testimony was organized as part of the Citizens for a Free Kuwait public relations campaign, which was run by the American public relations firm Hill & Knowlton for the Kuwaiti government (fun fact, Hill & Knowlton also have extensive ties with Bill Gates).
So the public was aghast at her testimony and supported the war against the mainly Soviet backed, but also American supported and Soviet backed Saddam Hussein, in his war against Iran, after the Iranians refused to Ally with American interests after the Islamic Revolution.
But that was oil, this was Rare Earth Elements. There was a reason the war was called, Operation Enduring Freedom. This natural resource was far more important in the long run. You couldn't have a security surveillance apparatus without it. And what was supposed to be a war on terror was in actuality a territorial occupation for resources.
Sleeping Dragon China is next, and where there's smoke, there's fire.
Let's go point form for clarity.
• China entered the rare earth market in the mid-1980s, at a time when the US was the major producer. But China soon caught up and became the production leader for rare earths. Its heavily state-supported strategy was aimed at dominating the global rare earth industry.
• 1989 Beijing’s Tiananmen Square spring. The U.S. government suspends military sales to Beijing and freezes relations.
• 1997. Clinton secures the release of Wei and Tiananmen Square protester Wang Dan. Beijing deports both dissidents to the United States. (If you don't understand these two were CIA assets working in China, you need to accept that not everything will be published. America wouldn't care about two political activists, but why would care about two intelligence operatives).
• March 1996. Taiwan’s First Free Presidential Vote.
• May 1999. America "accidently" bombs the Belgrade Chinese Embassy.
• 2002 Price competitiveness was hard for the USA to achieve due to low to non-existent Chinese environmental standards; as a result, the US finally stopped its rare earth production.
• October 2000. U.S. President Bill Clinton signs the U.S.-China Relations Act. China's take over of the market share in rare earth elements starts to increase.
• October 2001. Afghanistan war Enduring Freedom started to secure rare earth elements (Haven't you ever wondered how they could mobilize and invade so quickly? The military was already prepared).
• 2005. China establishes a monopoly on global production by keeping mineral prices low and then panics markets by introducing export quotas to raise prices by limiting supply.
• Rare Earth Elements. Prices go into the stratosphere (for example, dysprosium prices do a bitcoin, rocketing from $118/kg to $2,262/kg between 2008 and 2011).
• In a September 2005. Deputy Secretary of State Robert B. Zoellick initiates a strategic dialogue with China. This was presented as dialog to acknowledge China's emergence as a Superpower (which China probably insisted on), but it was about rare earth elements market price.
• October 2006. China allows North Korea to conduct its first nuclear test, China serves as a mediator to bring Pyongyang back to the negotiating table with the USA.
• September 2006. American housing prices start to fall.
(At some point after this, secret negotiations must have become increasingly hostile).
• March 2007. China Increases Military Spending. U.S. Vice President Dick Cheney says China’s military buildup is “not consistent” with the country’s stated goal of a “peaceful rise.”
• Mid-2005 and mid-2006. China bought between $100b and $250 billion of US housing debt between mid-2005 and mid-2006. This debt was bought using the same financial instruments that caused the financial collapse.
• 2006. Housing prices started to fall for the first time in decades.
• Mid-2006 and mid-2007. China likely added another $390b to its reserves. "At the same time, if China stopped buying -- especially now, when the private market is clogged up -- US financial markets would really seize up." Council on Foreign Relations-2007 August
• February 27, 2007. Stock markets in China and the U.S. fell by the most since 2003. Investors leave the money market and flock to Government backed Treasury Bills.
I've never seen it like this before,'' said Jim Galluzzo, who began trading short-maturity Treasuries 20 years ago and now trades bills at RBS Greenwich Capital in Greenwich, Connecticut.Bills right now are trading like dot-coms.''
We had clients asking to be pulled out of money market funds and wanting to get into Treasuries,'' said Henley Smith, fixed-income manager in New York at Castleton Partners, which oversees about $150 million in bonds.People are buying T-bills because you know exactly what's in it.''
• February 13, 2008. The Economic Stimulus Act of 2008 was enacted, which included a tax rebate. The total cost of this bill was projected at $152 billion for 2008. A December 2009 study found that only about one-third of the tax rebate was spent, providing only a modest amount of stimulus.
• September 2008. China Becomes Largest U.S. Foreign Creditor at 600 billion dollars.
• 2010. China’s market power peaked in when it reached a market share of around 97% of all rare earth mineral production. Outside of China, there were almost no other producers left.
Outside of China, the US is the second largest consumer of rare earths in the world behind Japan.
About 60% of US rare earth imports are used as catalysts for petroleum refining, making it the country’s major consumer of rare earths.
The US military also depends on rare earths. Many of the most advanced US weapon systems, including smart bombs, unmanned drones, cruise missiles, laser targeting, radar systems and the Joint Strike Fighter programme rely on rare earths. Against this background, the US Department of Defense (DoD) stated that “reliable access to the necessary material is a bedrock requirement for DOD”
• 2010. A trade dispute arose when the Chinese government reduced its export quotas by 40% in 2010, sending the rare earths prices in the markets outside China soaring. The government argued that the quotas were necessary to protect the environment.
• August 2010. China Becomes World’s Second-Largest Economy.
• November 2011. U.S. Secretary of State Hillary Clinton outlines a U.S. “pivot” to Asia. Clinton’s call for “increased investment—diplomatic, economic, strategic, and otherwise—in the Asia-Pacific region” is seen as a move to counter China’s growing clout.
• December 2011. U.S. President Barack Obama announces the United States and eight other nations have reached an agreement on the Trans-Pacific Partnership later announces plans to deploy 2,500 marines in Australia, prompting criticism from Beijing.
• November 2012. China’s New Leadership. Xi Jinping replaces Hu Jintao as president, Communist Party general secretary, and chairman of the Central Military Commission. Xi delivers a series of speeches on the “rejuvenation” of China.
• June 2013. U.S. President Barack Obama hosts Chinese President Xi Jinping for a “shirt-sleeves summit”
• May 19, 2014. A U.S. court indicts five Chinese hackers, allegedly with ties to China’s People’s Liberation Army, on charges of stealing trade technology from U.S. companies.
• November 12, 2014. Joint Climate Announcement. Barack Obama and Chinese President Xi Jinping issue a joint statement on climate change, pledging to reduce carbon emissions. (which very conveniently allows the quotas to fall and save pride for Xi).
• 2015. China drops the export quotas because in 2014, the WTO ruled against China.
• May 30, 2015 U.S. Warns China Over South China Sea. (China is trying to expand it's buffer zone to build a defense for the coming war).
• January 2016. The government to abolish the one-child policy, now allowing all families to have two children.
• February 9, 2017. Trump Affirms One China Policy After Raising Doubts.
• April 6 – 7, 2017. Trump Hosts Xi at Mar-a-Lago. Beijing and Washington to expand trade of products and services like beef, poultry, and electronic payments, though the countries do not address more contentious trade issues including aluminum, car parts, and steel.
• November 2017. President Xi meets with President Trump in another high profile summit.
• March 22, 2018. Trump Tariffs Target China. The White House alleges Chinese theft of U.S. technology and intellectual property. Coming on the heels of tariffs on steel and aluminum imports, the measures target goods including clothing, shoes, and electronics and restrict some Chinese investment in the United States.
• July 6, 2018 U.S.-China Trade War Escalates.
• September 2018. Modifications led to the exclusion of rare earths from the final list of products and they consequently were not subject to import tariffs imposed by the US government in September 2018.
• October 4, 2018. Pence Speech Signals Hard-Line Approach. He condemns what he calls growing Chinese military aggression, especially in the South China Sea, criticizes increased censorship and religious persecution by the Chinese government, and accuses China of stealing American intellectual property and interfering in U.S. elections.
• December 1, 2018. Canada Arrests Huawei Executive.
• March 6, 2019. Huawei Sues the United States.
• March 27 2019. India and the US signed an agreement to "strengthen bilateral security and civil nuclear cooperation" including the construction of six American nuclear reactors in India
• May 10, 2019. Trade War Intensifies.
• August 5, 2019. U.S. Labels China a Currency Manipulator.
• November 27, 2019. Trump Signs Bill Supporting Hong Kong Protesters. Chinese officials condemn the move, impose sanctions on several U.S.-based organizations, and suspend U.S. warship visits to Hong Kong.
• January 15, 2020. ‘Phase One’ Trade Deal Signed. But the agreement maintains most tariffs and does not mention the Chinese government’s extensive subsidies. Days before the signing, the United States dropped its designation of China as a currency manipulator.
• January 31, 2020. Tensions Soar Amid Coronavirus Pandemic.
• March 18, 2020. China Expels American Journalists. The Chinese government announces it will expel at least thirteen journalists from three U.S. newspapers—the New York Times, Wall Street Journal, and Washington Post—whose press credentials are set to expire in 2020. Beijing also demands that those outlets, as well as TIME and Voice of America, share information with the government about their operations in China. The Chinese Foreign Ministry says the moves are in response to the U.S. government’s decision earlier in the year to limit the number of Chinese journalists from five state-run media outlets in the United States to 100, down from 160, and designate those outlets as foreign missions.
And here we are. You may have noticed the Rare Earth Elements and the inclusion of Environmental Standards. Yes these are key to understanding the Geopolitical reality and importance of these events. There's a reason the one child policy stopped. Troop additions.
I believe our current political reality started at Tiananmen square. The protests were an American sponsored attempt at regime change after the failure to convince them to leave totalitarian communism and join a greater political framework.
Do I have proof? Yes.
China, as far as I'm concerned, was responsible for the 2008 economic crisis. The Rare Earth Elements were an attempt to weaken the States and strengthen themselves simultaneously. This stranglehold either forced America to trade with China, or the trade was an American Trojan horse to eventually collapse their economy and cause a revolution after Tiananmen Square failed. Does my second proposal sound far fetched? Didn't the economy just shut down in response to the epidemic? Aren't both sides blaming the other? At this POINT, the epidemic seems to be overstated doesn’t it? Don't the casualties tend to the elder demographic and those already weakened by a primary disease?
Exactly the kinds who wouldn't fight in a war.
Does this change some of my views on the possibility of upcoming catastrophes and reasons for certain events? No. This is Chess, and there are obvious moves in chess, hidden moves in chess, but the best moves involve peices which can be utilized in different ways if the board calls for it.
Is all what it seems? No.
I definitely changed a few previously held beliefs prior to today, and I would caution you in advance that you will find some previously held convictions challenged.
After uncovering what I did today, I would also strongly suggest reading information cautiously. This is all merely a culmination of ending the cold war, and once I have events laid out, you will see it as well.
At this moment, the end analysis is a war will start in the near future. This will be mainly for a few reasons, preemptive resource control for water and crops, population reduction can be achieved since we have too many people, not enough jobs, and upcoming resource scarcity.
Did you notice my omission of rare earth elements? This is because of Afghanistan. I would wager China or Russia is somehow supporting the continued resistance through Iran. But events are now accelerating with China because the western collation has already begun to build up their mines and start production.
Do you remember when Trump made a "joke" about buying Greenland? Yeah. It turns out that Greenland has one of the largest rare earth mineral deposits on the planet.
Take care. Be safe. Stay aware and be prepared.
This message not brought to you by the Bill and Melinda Gates Foundation, Microsoft, Google, Facebook, Elon Musk, Blackrock, Vangaurd, the Rockefeller Foundation, Rand Corporation, DARPA, Rothschilds, Agenda 21, Agenda 30, and ID 2020.
submitted by biggreekgeek to conspiracy [link] [comments]

Why is Blockstream CTO Greg Maxwell u/nullc trying to pretend AXA isn't one of the top 5 "companies that control the world"? AXA relies on debt & derivatives to pretend it's not bankrupt. Million-dollar Bitcoin would destroy AXA's phony balance sheet. How much is AXA paying Greg to cripple Bitcoin?

Here was an interesting brief exchange between Blockstream CTO Greg Maxwell u/nullc and u/BitAlien about AXA:
https://np.reddit.com/Bitcoin/comments/62d2yq/why_bitcoin_is_under_attack/dfm6jt?context=3
The "non-nullc" side of the conversation has already been censored by r\bitcoin - but I had previously archived it here :)
https://archive.fo/yWnWh#selection-2613.0-2615.1
u/BitAlien says to u/nullc :
Blockstream is funded by big banks, for example, AXA.
https://blockstream.com/2016/02/02/blockstream-new-investors-55-million-series-a.html
u/nullc says to u/BitAlien :
is funded by big banks, for example, AXA
AXA is a French multinational insurance firm.
But I guess we shouldn't expect much from someone who thinks miners unilatterally control bitcoin.
Typical semantics games and hair-splitting and bullshitting from Greg.
But I guess we shouldn't expect too much honesty or even understanding from someone like Greg who thinks that miners don't control Bitcoin.
AXA-owned Blockstream CTO Greg Maxwell u/nullc doesn't understand how Bitcoin mining works
Mining is how you vote for rule changes. Greg's comments on BU revealed he has no idea how Bitcoin works. He thought "honest" meant "plays by Core rules." [But] there is no "honesty" involved. There is only the assumption that the majority of miners are INTELLIGENTLY PROFIT-SEEKING. - ForkiusMaximus
https://np.reddit.com/btc/comments/5zxl2l/mining_is_how_you_vote_for_rule_changes_gregs/
AXA-owned Blockstream CTO Greg Maxwell u/nullc is economically illiterate
Adam Back & Greg Maxwell are experts in mathematics and engineering, but not in markets and economics. They should not be in charge of "central planning" for things like "max blocksize". They're desperately attempting to prevent the market from deciding on this. But it will, despite their efforts.
https://np.reddit.com/btc/comments/46052e/adam_back_greg_maxwell_are_experts_in_mathematics/)
AXA-owned Blockstream CTO Greg Maxwell u/nullc doesn't understand how fiat works
Gregory Maxwell nullc has evidently never heard of terms like "the 1%", "TPTB", "oligarchy", or "plutocracy", revealing a childlike naïveté when he says: "‘Majority sets the rules regardless of what some minority thinks’ is the governing principle behind the fiats of major democracies."
https://np.reddit.com/btc/comments/44qr31/gregory_maxwell_unullc_has_evidently_never_heard/
AXA-owned Blockstream CTO Greg Maxwell u/nullc is toxic to Bitcoin
People are starting to realize how toxic Gregory Maxwell is to Bitcoin, saying there are plenty of other coders who could do crypto and networking, and "he drives away more talent than he can attract." Plus, he has a 10-year record of damaging open-source projects, going back to Wikipedia in 2006.
https://np.reddit.com/btc/comments/4klqtg/people_are_starting_to_realize_how_toxic_gregory/
So here we have Greg this week, desperately engaging in his usual little "semantics" games - claiming that AXA isn't technically a bank - when the real point is that:
AXA is clearly one of the most powerful fiat finance firms in the world.
Maybe when he's talking about the hairball of C++ spaghetti code that him and his fellow devs at Core/Blockstream are slowing turning their version of Bitcoin's codebase into... in that arcane (and increasingly irrelevant :) area maybe he still can dazzle some people with his usual meaningless technically correct but essentially erroneous bullshit.
But when it comes to finance and economics, Greg is in way over his head - and in those areas, he can't bullshit anyone. In fact, pretty much everything Greg ever says about finance or economics or banks is simply wrong.
He thinks he's proved some point by claiming that AXA isn't technically a bank.
But AXA is far worse than a mere "bank" or a mere "French multinational insurance company".
AXA is one of the top-five "companies that control the world" - and now (some people think) AXA is in charge of paying for Bitcoin "development".
A recent infographic published in the German Magazine "Die Zeit" showed that AXA is indeed the second-most-connected finance company in the world - right at the rotten "core" of the "fantasy fiat" financial system that runs our world today.
Who owns the world? (1) Barclays, (2) AXA, (3) State Street Bank. (Infographic in German - but you can understand it without knowing much German: "Wem gehört die Welt?" = "Who owns the world?") AXA is the #2 company with the most economic poweconnections in the world. And AXA owns Blockstream.
https://np.reddit.com/btc/comments/5btu02/who_owns_the_world_1_barclays_2_axa_3_state/
The link to the PDF at Die Zeit in the above OP is gone now - but there's other copies online:
https://www.konsumentenschutz.ch/sks/content/uploads/2014/03/Wem-geh%C3%B6rt-die-Welt.pdfother
http://www.zeit.de/2012/23/IG-Capitalist-Network
https://archive.fo/o/EzRea/https://www.konsumentenschutz.ch/sks/content/uploads/2014/03/Wem-geh%C3%B6rt-die-Welt.pdf
Plus there's lots of other research and articles at sites like the financial magazine Forbes, or the scientific publishing site plos.org, with articles which say the same thing - all the tables and graphs show that:
AXA is consistently among the top five "companies that control everything"
https://www.forbes.com/sites/bruceupbin/2011/10/22/the-147-companies-that-control-everything/#56b72685105b
http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0025995
http://www98.griffith.edu.au/dspace/bitstream/handle/10072/37499/64037_1.pdf;sequence=1
https://www.outsiderclub.com/report/who-really-controls-the-world/1032
AXA is right at the rotten "core" of the world financial system. Their last CEO was even the head of the friggin' Bilderberg Group.
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been chairman of the Bilderberg Group since 2012.
https://np.reddit.com/btc/comments/47zfzt/blockstream_is_now_controlled_by_the_bilderberg/
So, let's get a few things straight here.
"AXA" might not be a household name to many people.
And Greg was "technically right" when he denied that AXA is a "bank" (which is basically the only kind of "right" that Greg ever is these days: "technically" :-)
But AXA is one of the most powerful finance companies in the world.
AXA was started as a French insurance company.
And now it's a French multinational insurance company.
But if you study up a bit on AXA, you'll see that they're not just any old "insurance" company.
AXA has their fingers in just about everything around the world - including a certain team of toxic Bitcoin devs who are radically trying to change Bitcoin:
And ever since AXA started throwing tens of millions of dollars in filthy fantasy fiat at a certain toxic dev named Gregory Maxwell, CTO of Blockstream, suddenly he started saying that we can't have nice things like the gradually increasing blocksizes (and gradually increasing Bitcoin prices - which fortunately tend to increase proportional to the square of the blocksize because of Metcalfe's law :-) which were some of the main reasons most of us invested in Bitcoin in the first place.
My, my, my - how some people have changed!
Greg Maxwell used to have intelligent, nuanced opinions about "max blocksize", until he started getting paid by AXA, whose CEO is head of the Bilderberg Group - the legacy financial elite which Bitcoin aims to disintermediate. Greg always refuses to address this massive conflict of interest. Why?
https://np.reddit.com/btc/comments/4mlo0z/greg_maxwell_used_to_have_intelligent_nuanced/
Previously, Greg Maxwell u/nullc (CTO of Blockstream), Adam Back u/adam3us (CEO of Blockstream), and u/theymos (owner of r\bitcoin) all said that bigger blocks would be fine. Now they prefer to risk splitting the community & the network, instead of upgrading to bigger blocks. What happened to them?
https://np.reddit.com/btc/comments/5dtfld/previously_greg_maxwell_unullc_cto_of_blockstream/
"Even a year ago I said I though we could probably survive 2MB" - nullc
https://np.reddit.com/btc/comments/43mond/even_a_year_ago_i_said_i_though_we_could_probably/
Core/Blockstream supporters like to tiptoe around the facts a lot - hoping we won't pay attention to the fact that they're getting paid by a company like AXA, or hoping we'll get confused if Greg says that AXA isn't a bank but rather an insurance firm.
But the facts are the facts, whether AXA is an insurance giant or a bank:
  • AXA would be exposed as bankrupt in a world dominated by a "counterparty-free" asset class like Bitcoin.
  • AXA pays Greg's salary - and Greg is one of the major forces who has been actively attempting to block Bitcoin's on-chain scaling - and there's no way getting around the fact that artificially small blocksizes do lead to artificially low prices.
AXA kinda reminds me of AIG
If anyone here was paying attention when the cracks first started showing in the world fiat finance system around 2008, you may recall the name of another mega-insurance company, that was also one of the most connected finance companies in the world: AIG.
Falling Giant: A Case Study Of AIG
What was once the unthinkable occurred on September 16, 2008. On that date, the federal government gave the American International Group - better known as AIG (NYSE:AIG) - a bailout of $85 billion. In exchange, the U.S. government received nearly 80% of the firm's equity. For decades, AIG was the world's biggest insurer, a company known around the world for providing protection for individuals, companies and others. But in September, the company would have gone under if it were not for government assistance.
http://www.investopedia.com/articles/economics/09/american-investment-group-aig-bailout.asp
Why the Fed saved AIG and not Lehman
Bernanke did say he believed an AIG failure would be "catastrophic," and that the heavy use of derivatives made the AIG problem potentially more explosive.
An AIG failure, thanks to the firm's size and its vast web of trading partners, "would have triggered an intensification of the general run on international banking institutions," Bernanke said.
http://fortune.com/2010/09/02/why-the-fed-saved-aig-and-not-lehman/
Just like AIG, AXA is a "systemically important" finance company - one of the biggest insurance companies in the world.
And (like all major banks and insurance firms), AXA is drowning in worthless debt and bets (derivatives).
Most of AXA's balance sheet would go up in a puff of smoke if they actually did "mark-to-market" (ie, if they actually factored in the probability of the counterparties of their debts and bets actually coming through and paying AXA the full amount it says on the pretty little spreadsheets on everyone's computer screens).
In other words: Like most giant banks and insurers, AXA has mainly debt and bets. They rely on counterparties to pay them - maybe, someday, if the whole system doesn't go tits-up by then.
In other words: Like most giant banks and insurers, AXA does not hold the "private keys" to their so-called wealth :-)
So, like most giant multinational banks and insurers who spend all their time playing with debts and bets, AXA has been teetering on the edge of the abyss since 2008 - held together by chewing gum and paper clips and the miracle of Quantitative Easing - and also by all the clever accounting tricks that instantly become possible when money can go from being a gleam in a banker's eye to a pixel on a screen with just a few keystrokes - that wonderful world of "fantasy fiat" where central bankers ninja-mine billions of dollars in worthless paper and pixels into existence every month - and then for some reason every other month they have to hold a special "emergency central bankers meeting" to deal with the latest financial crisis du jour which "nobody could have seen coming".
AIG back in 2008 - much like AXA today - was another "systemically important" worldwide mega-insurance giant - with most of its net worth merely a pure fantasy on a spreadsheet and in a four-color annual report - glossing over the ugly reality that it's all based on toxic debts and derivatives which will never ever be paid off.
Mega-banks Mega-insurers like AXA are addicted to the never-ending "fantasy fiat" being injected into the casino of musical chairs involving bets upon bets upon bets upon bets upon bets - counterparty against counterparty against counterparty against counterparty - going 'round and 'round on the big beautiful carroussel where everyone is waiting on the next guy to pay up - and meanwhile everyone's cooking their books and sweeping their losses "under the rug", offshore or onto the taxpayers or into special-purpose vehicles - while the central banks keep printing up a trillion more here and a trillion more there in worthless debt-backed paper and pixels - while entire nations slowly sink into the toxic financial sludge of ever-increasing upayable debt and lower productivity and higher inflation, dragging down everyone's economies, enslaving everyone to increasing worktime and decreasing paychecks and unaffordable healthcare and education, corrupting our institutions and our leaders, distorting our investment and "capital allocation" decisions, inflating housing and healthcare and education beyond everyone's reach - and sending people off to die in endless wars to prop up the deadly failing Saudi-American oil-for-arms Petrodollar ninja-mined currency cartel.
In 2008, when the multinational insurance company AIG (along with their fellow gambling buddies at the multinational investment banks Bear Stearns and Lehmans) almost went down the drain due to all their toxic gambling debts, they also almost took the rest of the world with them.
And that's when the "core" dev team working for the miners central banks (the Fed, ECB, BoE, BoJ - who all report to the "central bank of central banks" BIS in Basel) - started cranking up their mining rigs printing presses and keyboards and pixels to the max, unilaterally manipulating the "issuance schedule" of their shitcoins and flooding the world with tens of trillions in their worthless phoney fiat to save their sorry asses after all their toxic debts and bad bets.
AXA is at the very rotten "core" of this system - like AIG, a "systemically important" (ie, "too big to fail") mega-gigantic multinational insurance company - a fantasy fiat finance firm quietly sitting at the rotten core of our current corrupt financial system, basically impacting everything and everybody on this planet.
The "masters of the universe" from AXA are the people who go to Davos every year wining and dining on lobster and champagne - part of that elite circle that prints up endless money which they hand out to their friends while they continue to enslave everyone else - and then of course they always turn around and tell us we can't have nice things like roads and schools and healthcare because "austerity". (But somehow we always can have plenty of wars and prisons and climate change and terrorism because for some weird reason our "leaders" seem to love creating disasters.)
The smart people at AXA are probably all having nightmares - and the smart people at all the other companies in that circle of "too-big-to-fail" "fantasy fiat finance firms" are probably also having nightmares - about the following very possible scenario:
If Bitcoin succeeds, debt-and-derivatives-dependent financial "giants" like AXA will probably be exposed as having been bankrupt this entire time.
All their debts and bets will be exposed as not being worth the paper and pixels they were printed on - and at that point, in a cryptocurrency world, the only real money in the world will be "counterparty-free" assets ie cryptocurrencies like Bitcoin - where all you need to hold is your own private keys - and you're not dependent on the next deadbeat debt-ridden fiat slave down the line coughing up to pay you.
Some of those people at AXA and the rest of that mafia are probably quietly buying - sad that they missed out when Bitcoin was only $10 or $100 - but happy they can still get it for $1000 while Blockstream continues to suppress the price - and who knows, what the hell, they might as well throw some of that juicy "banker's bonus" into Bitcoin now just in case it really does go to $1 million a coin someday - which it could easily do with just 32MB blocks, and no modifications to the code (ie, no SegWit, no BU, no nuthin', just a slowly growing blocksize supporting a price growing roughly proportional to the square of the blocksize - like Bitcoin always actually did before the economically illiterate devs at Blockstream imposed their centrally planned blocksize on our previously decentralized system).
Meanwhile, other people at AXA and other major finance firms might be taking a different tack: happy to see all the disinfo and discord being sown among the Bitcoin community like they've been doing since they were founded in late 2014 - buying out all the devs, dumbing down the community to the point where now even the CTO of Blockstream Greg Mawxell gets the whitepaper totally backwards.
Maybe Core/Blockstream's failure-to-scale is a feature not a bug - for companies like AXA.
After all, AXA - like most of the major banks in the Europe and the US - are now basically totally dependent on debt and derivatives to pretend they're not already bankrupt.
Maybe Blockstream's dead-end road-map (written up by none other than Greg Maxwell), which has been slowly strangling Bitcoin for over two years now - and which could ultimately destroy Bitcoin via the poison pill of Core/Blockstream's SegWit trojan horse - maybe all this never-ending history of obstrution and foot-dragging and lying and failure from Blockstream is actually a feature and not a bug, as far as AXA and their banking buddies are concerned.
The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, that AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.
https://np.reddit.com/btc/comments/4k1r7v/the_insurance_company_with_the_biggest_exposure/
If Bitcoin becomes a major currency, then tens of trillions of dollars on the "legacy ledger of fantasy fiat" will evaporate, destroying AXA, whose CEO is head of the Bilderbergers. This is the real reason why AXA bought Blockstream: to artificially suppress Bitcoin volume and price with 1MB blocks.
https://np.reddit.com/btc/comments/4r2pw5/if_bitcoin_becomes_a_major_currency_then_tens_of/
AXA has even invented some kind of "climate catastrophe" derivative - a bet where if the global warming destroys an entire region of the world, the "winner" gets paid.
Of course, derivatives would be something attractive to an insurance company - since basically most of their business is about making and taking bets.
So who knows - maybe AXA is "betting against" Bitcoin - and their little investment in the loser devs at Core/Blockstream is part of their strategy for "winning" that bet.
This trader's price & volume graph / model predicted that we should be over $10,000 USD/BTC by now. The model broke in late 2014 - when AXA-funded Blockstream was founded, and started spreading propaganda and crippleware, centrally imposing artificially tiny blocksize to suppress the volume & price.
https://np.reddit.com/btc/comments/5obe2m/this_traders_price_volume_graph_model_predicted/
"I'm angry about AXA scraping some counterfeit money out of their fraudulent empire to pay autistic lunatics millions of dollars to stall the biggest sociotechnological phenomenon since the internet and then blame me and people like me for being upset about it." ~ u/dresden_k
https://np.reddit.com/btc/comments/5xjkof/im_angry_about_axa_scraping_some_counterfeit/
Bitcoin can go to 10,000 USD with 4 MB blocks, so it will go to 10,000 USD with 4 MB blocks. All the censorship & shilling on r\bitcoin & fantasy fiat from AXA can't stop that. BitcoinCORE might STALL at 1,000 USD and 1 MB blocks, but BITCOIN will SCALE to 10,000 USD and 4 MB blocks - and beyond
https://np.reddit.com/btc/comments/5jgkxv/bitcoin_can_go_to_10000_usd_with_4_mb_blocks_so/
AXA/Blockstream are suppressing Bitcoin price at 1000 bits = 1 USD. If 1 bit = 1 USD, then Bitcoin's market cap would be 15 trillion USD - close to the 82 trillion USD of "money" in the world. With Bitcoin Unlimited, we can get to 1 bit = 1 USD on-chain with 32MB blocksize ("Million-Dollar Bitcoin")
https://www.reddit.com/btc/comments/5u72va/axablockstream_are_suppressing_bitcoin_price_at/
Anyways, people are noticing that it's a little... odd... the way Greg Maxwell seems to go to such lengths, in order to cover up the fact that bigger blocks have always correlated to higher price.
He seems to get very... uncomfortable... when people start pointing out that:
It sure looks like AXA is paying Greg Maxwell to suppress the Bitcoin price.
Greg Maxwell has now publicly confessed that he is engaging in deliberate market manipulation to artificially suppress Bitcoin adoption and price. He could be doing this so that he and his associates can continue to accumulate while the price is still low (1 BTC = $570, ie 1 USD can buy 1750 "bits")
https://np.reddit.com/btc/comments/4wgq48/greg_maxwell_has_now_publicly_confessed_that_he/
Why did Blockstream CTO u/nullc Greg Maxwell risk being exposed as a fraud, by lying about basic math? He tried to convince people that Bitcoin does not obey Metcalfe's Law (claiming that Bitcoin price & volume are not correlated, when they obviously are). Why is this lie so precious to him?
https://www.reddit.com/btc/comments/57dsgz/why_did_blockstream_cto_unullc_greg_maxwell_risk/
I don't know how a so-called Bitcoin dev can sleep at night knowing he's getting paid by fucking AXA - a company that would probably go bankrupt if Bitcoin becomes a major world currency.
Greg must have to go through some pretty complicated mental gymastics to justify in his mind what everyone else can see: he is a fucking sellout to one of the biggest fiat finance firms in the world - he's getting paid by (and defending) a company which would probably go bankrupt if Bitcoin ever achieved multi-trillion dollar market cap.
Greg is literally getting paid by the second-most-connected "systemically important" (ie, "too big to fail") finance firm in the world - which will probably go bankrupt if Bitcoin were ever to assume its rightful place as a major currency with total market cap measured in the tens of trillions of dollars, destroying most of the toxic sludge of debt and derivatives keeping a bank financial giant like AXA afloat.
And it may at first sound batshit crazy (until You Do The Math), but Bitcoin actually really could go to one-million-dollars-a-coin in the next 8 years or so - without SegWit or BU or anything else - simply by continuing with Satoshi's original 32MB built-in blocksize limit and continuing to let miners keep blocks as small as possible to satisfy demand while avoiding orphans - a power which they've had this whole friggin' time and which they've been managing very well thank you.
Bitcoin Original: Reinstate Satoshi's original 32MB max blocksize. If actual blocks grow 54% per year (and price grows 1.542 = 2.37x per year - Metcalfe's Law), then in 8 years we'd have 32MB blocks, 100 txns/sec, 1 BTC = 1 million USD - 100% on-chain P2P cash, without SegWit/Lightning or Unlimited
https://np.reddit.com/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
Meanwhile Greg continues to work for Blockstream which is getting tens of millions of dollars from a company which would go bankrupt if Bitcoin were to actually scale on-chain to 32MB blocks and 1 million dollars per coin without all of Greg's meddling.
So Greg continues to get paid by AXA, spreading his ignorance about economics and his lies about Bitcoin on these forums.
In the end, who knows what Greg's motivations are, or AXA's motivations are.
But one thing we do know is this:
Satoshi didn't put Greg Maxwell or AXA in charge of deciding the blocksize.
The tricky part to understand about "one CPU, one vote" is that it does not mean there is some "pre-existing set of rules" which the miners somehow "enforce" (despite all the times when you hear some Core idiot using words like "consensus layer" or "enforcing the rules").
The tricky part about really understanding Bitcoin is this:
Hashpower doesn't just enforce the rules - hashpower makes the rules.
And if you think about it, this makes sense.
It's the only way Bitcoin actually could be decentralized.
It's kinda subtle - and it might be hard for someone to understand if they've been a slave to centralized authorities their whole life - but when we say that Bitcoin is "decentralized" then what it means is:
We all make the rules.
Because if hashpower doesn't make the rules - then you'd be right back where you started from, with some idiot like Greg Maxwell "making the rules" - or some corrupt too-big-to-fail bank debt-and-derivative-backed "fantasy fiat financial firm" like AXA making the rules - by buying out a dev team and telling us that that dev team "makes the rules".
But fortunately, Greg's opinions and ignorance and lies don't matter anymore.
Miners are waking up to the fact that they've always controlled the blocksize - and they always will control the blocksize - and there isn't a single goddamn thing Greg Maxwell or Blockstream or AXA can do to stop them from changing it - whether the miners end up using BU or Classic or BitcoinEC or they patch the code themselves.
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE?
https://np.reddit.com/btc/comments/5pcpec/the_debate_is_not_should_the_blocksize_be_1mb/
Core/Blockstream are now in the Kübler-Ross "Bargaining" phase - talking about "compromise". Sorry, but markets don't do "compromise". Markets do COMPETITION. Markets do winner-takes-all. The whitepaper doesn't talk about "compromise" - it says that 51% of the hashpower determines WHAT IS BITCOIN.
https://np.reddit.com/btc/comments/5y9qtg/coreblockstream_are_now_in_the_k%C3%BCblerross/
Clearing up Some Widespread Confusions about BU
Core deliberately provides software with a blocksize policy pre-baked in.
The ONLY thing BU-style software changes is that baking in. It refuses to bundle controversial blocksize policy in with the rest of the code it is offering. It unties the blocksize settings from the dev teams, so that you don't have to shop for both as a packaged unit.
The idea is that you can now have Core software security without having to submit to Core blocksize policy.
Running Core is like buying a Sony TV that only lets you watch Fox, because the other channels are locked away and you have to know how to solder a circuit board to see them. To change the channel, you as a layman would have to switch to a different TV made by some other manufacturer, who you may not think makes as reliable of TVs.
This is because Sony believes people should only ever watch Fox "because there are dangerous channels out there" or "because since everyone needs to watch the same channel, it is our job to decide what that channel is."
So the community is stuck with either watching Fox on their nice, reliable Sony TVs, or switching to all watching ABC on some more questionable TVs made by some new maker (like, in 2015 the XT team was the new maker and BIP101 was ABC).
BU (and now Classic and BitcoinEC) shatters that whole bizarre paradigm. BU is a TV that lets you tune to any channel you want, at your own risk.
The community is free to converge on any channel it wants to, and since everyone in this analogy wants to watch the same channel they will coordinate to find one.
https://np.reddit.com/btc/comments/602vsy/clearing_up_some_widespread_confusions_about_bu/
Adjustable blocksize cap (ABC) is dangerous? The blocksize cap has always been user-adjustable. Core just has a really shitty inferface for it.
What does it tell you that Core and its supporters are up in arms about a change that merely makes something more convenient for users and couldn't be prevented from happening anyway? Attacking the adjustable blocksize feature in BU and Classic as "dangerous" is a kind of trap, as it is an implicit admission that Bitcoin was being protected only by a small barrier of inconvenience, and a completely temporary one at that. If this was such a "danger" or such a vector for an "attack," how come we never heard about it before?
Even if we accept the improbable premise that inconvenience is the great bastion holding Bitcoin together and the paternalistic premise that stakeholders need to be fed consensus using a spoon of inconvenience, we still must ask, who shall do the spoonfeeding?
Core accepts these two amazing premises and further declares that Core alone shall be allowed to do the spoonfeeding. Or rather, if you really want to you can be spoonfed by other implementation clients like libbitcoin and btcd as long as they are all feeding you the same stances on controversial consensus settings as Core does.
It is high time the community see central planning and abuse of power for what it is, and reject both:
  • Throw off central planning by removing petty "inconvenience walls" (such as baked-in, dev-recommended blocksize caps) that interfere with stakeholders coordinating choices amongst themselves on controversial matters ...
  • Make such abuse of power impossible by encouraging many competing implementations to grow and blossom
https://np.reddit.com/btc/comments/617gf9/adjustable_blocksize_cap_abc_is_dangerous_the/
So it's time for Blockstream CTO Greg Maxwell u/nullc to get over his delusions of grandeur - and to admit he's just another dev, with just another opinion.
He also needs to look in the mirror and search his soul and confront the sad reality that he's basically turned into a sellout working for a shitty startup getting paid by the 5th (or 4th or 2nd) "most connected", "systemically important", "too-big-to-fail", debt-and-derivative-dependent multinational bank mega-insurance giant in the world AXA - a major fiat firm firm which is terrified of going bankrupt just like that other mega-insurnace firm AIG already almost did before the Fed rescued them in 2008 - a fiat finance firm which is probably very conflicted about Bitcoin, at the very least.
Blockstream CTO Greg Maxwell is getting paid by the most systemically important bank mega-insurance giant in the world, sitting at the rotten "core" of the our civilization's corrupt, dying fiat cartel.
Blockstream CTO Greg Maxwell is getting paid by a mega-bank mega-insurance company that will probably go bankrupt if and when Bitcoin ever gets a multi-trillion dollar market cap, which it can easily do with just 32MB blocks and no code changes at all from clueless meddling devs like him.
submitted by ydtm to btc [link] [comments]

People are starting to realize how toxic Gregory Maxwell is to Bitcoin, saying there are plenty of other coders who could do crypto and networking, and "he drives away more talent than he can attract." Plus, he has a 10-year record of damaging open-source projects, going back to Wikipedia in 2006.

https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3f6ukl
Wow.
On many occasions, I have publicly stated my respect for Greg's cryptography and networking coding skills and I have publicly given him credit where credit was due.
But now I'm starting to agree with people who say that there are plenty of other talented devs who could also provide those same coding skills as well - and that Greg's destructive, arrogant and anti-social behavior is actually driving away more talented devs than he can attract.
Check out these quotes about Greg from other Bitcoin users below:
I honestly don't think he is capable of being a worthy contributor.
He is arrogant to the extreme, destructive/disruptive to social circles and as an extension decision-making (as he must ALWAYS be right), and thus incapable of being any kind of valuable contributor.
He has a very solid track record spanning years, and across projects (his abhorrent behaviour when he was a Wikipedia contributor) that demonstrate he is not good for much other than menial single-user projects.
I simply do not trust him with anything unless he were overseen by someone that knows what he is like and can veto his decisions at a moment's notice.
At this stage I'd take 5 mediocre but personable cryptographers over Greg every day of the week, as I know they can work together, build strong and respectable working relationships, admit when they're wrong (or fuck up), and point out each others' mistakes without being a cunt about it.
Greg is very, VERY bad for Bitcoin.
He's had over a decade to mature, and it simply hasn't happened, he's fucking done in my books. No more twentieth chance for him.
~ ferretinjapan
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fih4z
His coding skills are absolutely not that rare.
I have hired a dozen people who could code circles around him, and have proven it in their ability to code for millions of dollars.
His lack of comprehension on basic logic, however, is a rare skill.
~ lifeboatz
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fr70q
Cryptography has been figured out by someone else. BTC doesn't need much new in that regard.
ECDSA is a known digital signature algo, and nullc isn't making changes to it.
Even if BTC makes use of another DSA, someone else will write the libs.
~ one_line_commenter
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fq87f
As evidenced by the Wikipedia episode, his modus operandi is to become highly valuable, get in a position of power, undertake autocratic actions and then everyone is in a dilemma - they don't like what he is doing, but they worry about losing his "valuable contributions" (sound familiar?).
It is weak to let concerns over losing his "skills" prevent the project from showing him the door.
He should go.
Why should we risk his behavior with our or other people's money and one of the greatest innovations in the last 50 years?
There is probably some other project out there in the world where he can contribute his skills to.
As it is becoming very obvious - there are many talented developers and innovations going on in altcoins etc. A lot of this talent is simply lost to Bitcoin because of him.
It is easy to see what we might be losing by him going.
It is not as obvious what we might be gaining - but it could be truly great.
~ papabitcoin
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3flhj3
When Maxwell did a Satoshi-like disappearance late 2015, the dev mailing list sparked into life with a lot of polite, constructive, and free-thinking discussion.
Tragically, the Maxwell vanishing act only lasted a month or so, and the clammy Shadow of Darkness fell once more on the mailing list and Core Dev.
I don't believe that he can contribute without driving away more development than he can attract.
~ solex1
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fq8ma
I've seen it many times - 1 person can affect a whole culture.
When they are gone it is suddenly like everyone can breathe again.
~ papabitcoin
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fs2hv
If I was maintainer of bitcoin I would ask Greg to go away and leave for good.
I acknowledge the crypto wizardness of Greg, but it seems to be the kind of person to only leave scorched earth after a conflict.
~ stkoelle
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fb0iu
If Greg is under stress, and feeling let-down by those around him, and striving to obtain his vision at all costs - then he would probably be better off stepping back.
If this is a repeating pattern for him, he should probably seek some kind of professional advice and support.
Smart people tend to get screwed up by events in life.
I don't bear him any personal malice - I just want him to go and play in some other sandpit - he has had his chances.
~ papabitcoin
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/d3fqmd7
Greg's destructiveness seems to actually be part of a pattern stretching back 10 years, as shown by his vandalism of the Wikipedia project in 2006:
Wikipedians on Greg Maxwell in 2006 (now CTO of Blockstream): "engaged in vandalism", "his behavior is outrageous", "on a rampage", "beyond the pale", "bullying", "calling people assholes", "full of sarcasm, threats, rude insults", "pretends to be an admin", "he seems to think he is above policy"...
https://np.reddit.com/btc/comments/45ail1/wikipedians_on_greg_maxwell_in_2006_now_cto_of/
GMaxwell in 2006, during his Wikipedia vandalism episode: "I feel great because I can still do what I want, and I don't have to worry what rude jerks think about me ... I can continue to do whatever I think is right without the burden of explaining myself to a shreaking [sic] mass of people."
https://np.reddit.com/btc/comments/459iyw/gmaxwell_in_2006_during_his_wikipedia_vandalism/
Greg Maxwell's Wikipedia War - or he how learned to stop worrying and love the sock puppet
https://np.reddit.com/btc/comments/457y0k/greg_maxwells_wikipedia_war_or_he_how_learned_to/
And of course, there have been many, many posts on these forums over the past months, documenting Greg Maxwell's poor leadership skills, underhanded and anti-social behavior, and economic incompetence.
Below is a sampling of these posts exposing Greg's toxic influence on Bitcoin:
Greg Maxwell admits the main reason for the block size limit is to force a fee market. Not because of bandwidth, transmission rates, orphaning, but because otherwise transactions would be 'too cheap'.
https://np.reddit.com/btc/comments/42hl7g/greg_maxwell_admits_the_main_reason_for_the_block/
Greg Maxwell was wrong: Transaction fees can pay for proof-of-work security without a restrictive block size limit
https://np.reddit.com/Bitcoin/comments/3yod27/greg_maxwell_was_wrong_transaction_fees_can_pay/
Andrew Stone: "I believe that the market should be making the decision of what should be on the Blockchain based on transaction fee, not Gregory Maxwell. I believe that the market should be making the decision of how big blocks should be, not Gregory Maxwell."
https://np.reddit.com/btc/comments/3w2562/andrew_stone_i_believe_that_the_market_should_be/
Mike Hearn:"Bitcoin's problem is not a lack of a leader, it's problem is that the leader is Gregory Maxwell at Blockstream"
https://np.reddit.com/btc/comments/4c9y3e/mike_hearnbitcoins_problem_is_not_a_lack_of_a/
Greg Maxwell caught red handed playing dirty to convince Chinese miners
https://np.reddit.com/btc/comments/438udm/greg_maxwell_caught_red_handed_playing_dirty_to/
My response to Gregory Maxwell's "trip to the moon" statement
https://np.reddit.com/btc/comments/4393oe/my_response_to_gregory_maxwells_trip_to_the_moon/
It is "clear that Greg Maxwell actually has a fairly superficial understanding of large swaths of computer science, information theory, physics and mathematics."- Dr. Peter Rizun (managing editor of the journal Ledger)
https://np.reddit.com/btc/comments/3xok2o/it_is_clear_that_greg_maxwell_unullc_actually_has/
Uh-oh: "A warning regarding the onset of centralised authority in the control of Bitcoin through Blocksize restrictions: Several core developers, including Gregory Maxwell, have assumed a mantle of control. This is centralisation. The Blockchain needs to be unconstrained." (anonymous PDF on Scribd)
https://np.reddit.com/btc/comments/4hxlquhoh_a_warning_regarding_the_onset_of_centralised/
Blockstream Core Dev Greg Maxwell still doesn't get it, condones censorship in bitcoin
https://np.reddit.com/btc/comments/42vqyq/blockstream_core_dev_greg_maxwell_still_doesnt/
This exchange between Voorhees and Maxwell last month opened my eyes that there's a serious problem communicating with Core.
https://np.reddit.com/btc/comments/49k70a/this_exchange_between_voorhees_and_maxwell_last/
Adam Back & Greg Maxwell are experts in mathematics and engineering, but not in markets and economics. They should not be in charge of "central planning" for things like "max blocksize". They're desperately attempting to prevent the market from deciding on this. But it will, despite their efforts.
https://np.reddit.com/btc/comments/46052e/adam_back_greg_maxwell_are_experts_in_mathematics/
Just click on these historical blocksize graphs - all trending dangerously close to the 1 MB (1000KB) artificial limit. And then ask yourself: Would you hire a CTO / team whose Capacity Planning Roadmap from December 2015 officially stated: "The current capacity situation is no emergency" ?
https://np.reddit.com/btc/comments/3ynswc/just_click_on_these_historical_blocksize_graphs/
"Even a year ago I said I though we could probably survive 2MB" - nullc ... So why the fuck has Core/Blockstream done everything they can to obstruct this simple, safe scaling solution? And where is SegWit? When are we going to judge Core/Blockstream by their (in)actions - and not by their words?
https://np.reddit.com/btc/comments/4jzf05/even_a_year_ago_i_said_i_though_we_could_probably/
Greg Maxwell nullc just drove the final nail into the coffin of his crumbling credibility - by arguing that Bitcoin Classic should adopt Luke-Jr's poison-pill pull-request to change the PoW (and bump all miners off the network). If Luke-Jr's poison pill is so great, then why doesn't Core add it?
https://np.reddit.com/btc/comments/41c1h6/greg_maxwell_unullc_just_drove_the_final_nail/
Gregory Maxwell nullc has evidently never heard of terms like "the 1%", "TPTB", "oligarchy", or "plutocracy", revealing a childlike naïveté when he says: "‘Majority sets the rules regardless of what some minority thinks’ is the governing principle behind the fiats of major democracies."
https://np.reddit.com/btc/comments/44qr31/gregory_maxwell_unullc_has_evidently_never_heard/
Greg Maxwell nullc (CTO of Blockstream) has sent me two private messages in response to my other post today (where I said "Chinese miners can only win big by following the market - not by following Core/Blockstream."). In response to his private messages, I am publicly posting my reply, here:
https://np.reddit.com/btc/comments/4ir6xh/greg_maxwell_unullc_cto_of_blockstream_has_sent/
Rewriting history: Greg Maxwell is claiming some of Gavin's earliest commits on Github
https://np.reddit.com/btc/comments/45g3d5/rewriting_history_greg_maxwell_is_claiming_some/
Greg Maxwell, nullc, given your valid interest in accurate representation of authorship, what do you do about THIS?
https://np.reddit.com/btc/comments/4550sl/greg_maxwell_unullc_given_your_valid_interest_in/
Collaboration requires communication
~ GavinAndresen
https://np.reddit.com/btc/comments/4asyc9/collaboration_requires_communication/
Maxwell the vandal calls Adam, Luke, and Peter Todd dipshits
https://np.reddit.com/btc/comments/4k8rsa/maxwell_the_vandal_calls_adam_luke_and_peter_todd/
In successful open-source software projects, the community should drive the code - not the other way around. Projects fail when "dead scripture" gets prioritized over "common sense". (Another excruciating analysis of Core/Blockstream's pathological fetishizing of a temporary 1MB anti-spam kludge)
https://np.reddit.com/btc/comments/4k8kda/in_successful_opensource_software_projects_the/
The tragedy of Core/Blockstream/Theymos/Luke-JAdamBack/GregMaxell is that they're too ignorant about Computer Science to understand the Robustness Principle (“Be conservative in what you send, be liberal in what you accept”), and instead use meaningless terminology like “hard fork” vs “soft fork.”
https://np.reddit.com/btc/comments/4k6tke/the_tragedy_of/
Gregory Maxwell - "Absent [the 1mb limit] I would have not spent a dollar of my time on Bitcoin"
https://np.reddit.com/btc/comments/41jx99/gregory_maxwell_absent_the_1mb_limit_i_would_have/
submitted by ydtm to btc [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
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Communities in Progress
Russian Twitter @waltonchain_ru
Russian Website
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The Foundation

>> Waltonchain Organizational Chart <<<--
 
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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.
 

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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)
 
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Summary of Some of Waltonchain's Government and Business Partnerships
 
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submitted by istaan69 to waltonchain [link] [comments]

Gregory Maxwell /u/nullc has evidently never heard of terms like "the 1%", "TPTB", "oligarchy", or "plutocracy", revealing a childlike naïveté when he says: "‘Majority sets the rules regardless of what some minority thinks’ is the governing principle behind the fiats of major democracies."

UPDATE: This post was inspired by a similar previous post which also has lots of great points, but the current post has a slightly different focus because:
(1) This post assumes ignorance (not dishonesty) on the part of nullc.
(2) This post basically gives a list of a bunch of sources on Wikipedia talking about oligarchy and plutocracy, as a starting point for anyone interested in this stuff.
Gregory Maxwell nullc has repeatedly shown that he has a very weak grasp of the political and economic realities shaping our world today.
He should not be (actually nobody should be) in charge of setting major economic policies and parameters (eg money velocity aka "max blocksize") for the most important non-state-based currency in the history of humanity (Bitcoin).
Are serious investors and businesspeople going to believe in a new currency whose economic parameters (eg money velocity aka "max blocksize") are centrally planned by a private for-profit corporation Blockstream whose CTO and CEO (Gregory Maxwell nullc and Adam Back adam3us) have repeatedly shown that they are totally clueless when it comes to markets and economics?
I don't even know where to begin to school this guy on the reality of politics and economics in the world today. It would take literally years of reading up on events in the mainstream media and online in order for him to get familiar enough with this stuff to stop blurting out ridiculously ignorant statements like:
"Majority sets the rules regardless of what some minority thinks" is the governing principle behind the fiats of major democracies.
https://np.reddit.com/Bitcoin/comments/44meru/why_would_miners_go_against_their_own_interests/czrgb0d
https://np.reddit.com/btc/comments/44p5tk/does_the_community_believe_that_gmaxwell_is_being/
Maybe the Wikipedia articles on "Oligarchy" or "Plutocracy" would be a good place for him to start reading up, so he can avoid making such ignorant public pronouncements in the future.
Meanwhile, it is obvious that this guy should not be in charge of centralized planning for Bitcoin's economic aspects such as "max blocksize".
Actually, blocksize is probably not a even a "parameter" which can be "pre-determined" by a C/C++ programmer.
Blocksize is more likely an "emergent phenomenon" which should probably be determined by the market itself.
Below are many, many links talking about how "oligarchy" and "plutocracy" have replaced democracy in politics and economics today.
https://en.wikipedia.org/wiki/Oligarchy#United_States
Some contemporary authors have characterized current conditions in the United States as oligarchic in nature.[8][9]
Simon Johnson wrote that "the reemergence of an American financial oligarchy is quite recent," a structure which he delineated as being the "most advanced" in the world.[10]
Jeffrey A. Winters wrote that "oligarchy and democracy operate within a single system, and American politics is a daily display of their interplay."[11]
Bernie Sanders,opined in a 2010 The Nation article that an "upper-crust of extremely wealthy families are hell-bent on destroying the democratic vision of a strong middle-class … In its place they are determined to create an oligarchy in which a small number of families control the economic and political life of our country."[12]
The top 1% in 2007 had a larger share of total income than at any time since 1928.[13] In 2011, according to PolitiFact and others, the top 400 wealthiest Americans "have more wealth than half of all Americans combined."[14][15][16][17]
French economist Thomas Piketty states in his 2013 book, Capital in the Twenty-First Century, that "the risk of a drift towards oligarchy is real and gives little reason for optimism about where the United States is headed."[18]
A study conducted by political scientists Martin Gilens of Princeton University, and Benjamin Page of Northwestern University, was released in April 2014,[19] which stated that their "analyses suggest that majorities of the American public actually have little influence over the policies our government adopts."
It also suggested that "Americans do enjoy many features central to democratic governance, such as regular elections, freedom of speech and association, and a widespread (if still contested) franchise."
Gilens and Page do not characterize the US as an "oligarchy" per se; however, they do apply the concept of "civil oligarchy" as used by Jeffrey Winters with respect to the US. Winters has posited a comparative theory of "oligarchy" in which the wealthiest citizens – even in a "civil oligarchy" like the United States – dominate policy concerning crucial issues of wealth- and income-protection.[20]
Gilens says that average citizens only get what they want if economic elites or interest groups also want it; that is, economic elites and interest groups are influential.[21] ...
In a 2015 interview, former President Jimmy Carter stated that the United States is now "an oligarchy with unlimited political bribery," due to the Citizens United ruling, which effectively removed limits on donations to political candidates.[25]
Links for the above references (footnotes) in the Wikipedia article on "Oligarchy":
[8] Kroll, Andy (2 December 2010). "The New American Oligarchy". TomDispatch (Truthout). Retrieved 17 August 2012.
http://www.truth-out.org/archive/component/k2/item/93150:andy-kroll--the-new-american-oligarchy
It used to be that citizens in large numbers, mobilized by labor unions or political parties or a single uniting cause, determined the course of American politics. After World War II, a swelling middle class was the most powerful voting bloc, while, in those same decades, the working and middle classes enjoyed comparatively greater economic prosperity than their wealthy counterparts. Kiss all that goodbye. We're now a country run by rich people.
[9] America on the Brink of Oligarchy 24 August 2012 The New Republic
http://www.tnr.com/article/magazine/books-and-arts/106430/money-politics-inequality-power-one-percent-move-on-effect
Winters conceives of oligarchy not as rule by the few, but as a kind of minority power created by great concentrations of material wealth. Compatible with a wide range of regimes, oligarchy can co-exist and even be “fused” with democracy as it is today in the United States.
[10] Johnson, Simon (May 2009). "The Quiet Coup". The Atlantic. Retrieved 17 August 2012.
https://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/307364/?single_page=true
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.
[11] Winters, Jeffrey A. (November–December 2011) [28 September 2011]. "Oligarchy and Democracy". The American Interest 7 (2). Retrieved 17 August 2012.
http://www.the-american-interest.com/2011/09/28/oligarchy-and-democracy/
Democratic institutions aren't sufficient in themselves to keep the wealthy few from concentrating political power.
[12] Sanders, Bernie (22 July 2010). "No To Oligarchy". The Nation. Retrieved 18 August 2012.
http://www.thenation.com/article/no-oligarchy/
While the middle class disappears and more Americans fall into poverty, the wealthiest people in our country are using their wealth and political power to protect their privileged status at everyone else's expense.
[13] "Tax Data Show Richest 1 Percent Took a Hit in 2008, But Income Remained Highly Concentrated at the Top. Recent Gains of Bottom 90 Percent Wiped Out". Center on Budget and Policy Priorities. 25 May 2011. Retrieved 30 May 2014.
http://www.cbpp.org/research/tax-data-show-richest-1-percent-took-a-hit-in-2008-but-income-remained-highly-concentrated?fa=view&id=3309
[14] Kertscher, Tom; Borowski, Greg (10 March 2011). "The Truth-O-Meter Says: True - Michael Moore says 400 Americans have more wealth than half of all Americans combined". PolitiFact. Retrieved 11 August 2013.
http://www.politifact.com/wisconsin/statements/2011/ma10/michael-moore/michael-moore-says-400-americans-have-more-wealth-/
"Right now, this afternoon, just 400 Americans -- 400 -- have more wealth than half of all Americans combined," Moore avowed to tens of thousands of protesters.
"Let me say that again. And please, someone in the mainstream media, just repeat this fact once; we’re not greedy, we’ll be happy to hear it just once.
"Four hundred obscenely wealthy individuals ... -- most of whom benefited in some way from the multi-trillion-dollar taxpayer bailout of 2008 -- now have more cash, stock and property than the assets of 155 million Americans combined."
[15] Moore, Michael (6 March 2011). "America Is Not Broke". Huffington Post. Retrieved 11 August 2013.
http://www.huffingtonpost.com/michael-moore/america-is-not-broke_b_832006.html
America is not broke.
Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It's just that it's not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.
Today just 400 Americans have more wealth than half of all Americans combined.
Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can't bring yourself to call that a financial coup d'état, then you are simply not being honest about what you know in your heart to be true.
[16] Moore, Michael (7 March 2011). "The Forbes 400 vs. Everybody Else". michaelmoore.com. Archived from the original on 2011-03-09. Retrieved 2014-08-28.
https://web.archive.org/web/20110309211959/http://www.michaelmoore.com/words/must-read/forbes-400-vs-everybody-else
According to the most recent information, the Forbes 400 now have a greater net worth than the bottom 50% of U.S. households combined.
[17] Pepitone, Julianne (22 September 2010). "Forbes 400: The super-rich get richer". CNN. Retrieved 11 August 2013.
http://money.cnn.com/2010/09/22/news/companies/forbes_400/index.htm
Forbes magazine released its annual list of the 400 richest Americans on Wednesday, and their combined net worth climbed 8% this year, to $1.37 trillion.
[18] Piketty, Thomas (2014). Capital in the Twenty-First Century. Belknap Press. ISBN 067443000X p. 514
https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century
Capital in the Twenty-First Century is a 2013 book by French economist Thomas Piketty. It focuses on wealth and income inequality in Europe and the United States since the 18th century. It was initially published in French (as Le Capital au XXIe siècle) in August 2013; an English translation by Arthur Goldhammer followed in April 2014.
The book's central thesis is that when the rate of return on capital (r) is greater than the rate of economic growth (g) over the long term, the result is concentration of wealth, and this unequal distribution of wealth causes social and economic instability.
[19] Gilens, Martin; Page, Benjamin (9 April 2016). "Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens" (PDF): 6.
[20] Gilens & Page (2014) p. 6
https://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=9354310
Each of four theoretical traditions in the study of American politics—which can be characterized as theories of Majoritarian Electoral Democracy, Economic-Elite Domination, and two types of interest-group pluralism, Majoritarian Pluralism and Biased Pluralism—offers different predictions about which sets of actors have how much influence over public policy: average citizens; economic elites; and organized interest groups, mass-based or business-oriented.
Multivariate analysis indicates that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while average citizens and mass-based interest groups have little or no independent influence. The results provide substantial support for theories of Economic-Elite Domination and for theories of Biased Pluralism, but not for theories of Majoritarian Electoral Democracy or Majoritarian Pluralism.
[21] Prokop, A. (18 April 2014) "The new study about oligarchy that's blowing up the Internet, explained" Vox
http://www.vox.com/2014/4/18/5624310/martin-gilens-testing-theories-of-american-politics-explained
Study: Politicians listen to rich people, not you
Who really matters in our democracy — the general public, or wealthy elites?
[25] http://www.rollingstone.com/politics/videos/jimmy-carter-u-s-is-an-oligarchy-with-unlimited-political-bribery-20150731
Former President Jimmy Carter had some harsh words to say about the current state of America's electoral process, calling the country "an oligarchy with unlimited political bribery" resulting in "nominations for president or to elect the president." When asked this week by The Thom Hartmann Program (via The Intercept) about the Supreme Court's April 2014 decision to eliminate limits on campaign donations, Carter said the ruling "violates the essence of what made America a great country in its political system."
https://en.wikipedia.org/wiki/Plutocracy#Post_World_War_II
When the Nobel-Prize winning economist Joseph Stiglitz wrote the 2011 Vanity Fair magazine article entitled "Of the 1%, by the 1%, for the 1%", the title and content supported Stiglitz's claim that the United States is increasingly ruled by the wealthiest 1%.[34]
Some researchers have said the US may be drifting towards a form of oligarchy, as individual citizens have less impact than economic elites and organized interest groups upon public policy.[35]
A study conducted by political scientists Martin Gilens (Princeton University) and Benjamin Page (Northwestern University), which was released in April 2014,[36] stated that their "analyses suggest that majorities of the American public actually have little influence over the policies our government adopts."
Links for the above references (footnotes) in the Wikipedia article on "Plutocracy":
[34] Stiglitz Joseph E. "Of the 1%, by the 1%, for the 1%" Vanity Fair, May 2011; see also the Democracy Now! interview with Joseph Stiglitz: Assault on Social Spending, Pro-Rich Tax Cuts Turning U.S. into Nation "Of the 1 Percent, by the 1 Percent, for the 1 Percent", Democracy Now! Archive, Thursday, April 7, 2011
http://www.vanityfair.com/news/2011/05/top-one-percent-201105
It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent.
...
America’s inequality distorts our society in every conceivable way. There is, for one thing, a well-documented lifestyle effect—people outside the top 1 percent increasingly live beyond their means. Trickle-down economics may be a chimera, but trickle-down behaviorism is very real. Inequality massively distorts our foreign policy. The top 1 percent rarely serve in the military—the reality is that the “all-volunteer” army does not pay enough to attract their sons and daughters, and patriotism goes only so far. Plus, the wealthiest class feels no pinch from higher taxes when the nation goes to war: borrowed money will pay for all that. Foreign policy, by definition, is about the balancing of national interests and national resources. With the top 1 percent in charge, and paying no price, the notion of balance and restraint goes out the window. There is no limit to the adventures we can undertake; corporations and contractors stand only to gain. The rules of economic globalization are likewise designed to benefit the rich: they encourage competition among countries for business, which drives down taxes on corporations, weakens health and environmental protections, and undermines what used to be viewed as the “core” labor rights, which include the right to collective bargaining. Imagine what the world might look like if the rules were designed instead to encourage competition among countries for workers. Governments would compete in providing economic security, low taxes on ordinary wage earners, good education, and a clean environment—things workers care about. But the top 1 percent don’t need to care.
[35] Piketty, Thomas (2014). Capital in the Twenty-First Century. Belknap Press. ISBN 067443000X p. 514: "the risk of a drift towards oligarchy is real and gives little reason for optimism about where the United States is headed."
https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century
[36] Gilens & Page (2014) Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens, Perspectives on Politics, Princeton University. Retrieved 18 April 2014.
PDF! www.princeton.edu/~mgilens/Gilens%20homepage%20materials/Gilens%20and%20Page/Gilens%20and%20Page%202014-Testing%20Theories%203-7-14.pdf
Finally, it is worth mentioning the notorious "Plutonomy" memo prepared by analysts at Citigroup:
https://pissedoffwoman.wordpress.com/2012/04/12/the-plutonomy-reports-download/
Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the world is dividing up more and more into a small group of rich people who drive the economy, surrounded by a large number of poor people whose economic interests can be safely ignored.
As the above links show, it is shockingly naïve for Gregory Maxwell u/nullc to claim that policies for fiat currencies are determined by "democracies".
If he is this ignorant about the reality of so-called democracies and fiat currencies, one can only wonder how much other stuff he is ignorant about, in his ongoing misguided attempts to impose his own centralized economic planning on Bitcoin.
submitted by ydtm to btc [link] [comments]

Dr Peter R. Rizun, managing editor of the first peer-reviewed cryptocurrency journal, is an important Bitcoin researcher. He has also been attacked and censored for months by Core / Blockstream / Theymos. Now, he has now been *suspended* (from *all* subreddits) by some Reddit admin(s). Why?

Dr. Peter R. Rizun is arguably one of the most serious, prominent, and promising new voices in Bitcoin research today.
He not only launched the first scientific peer-reviewed cryptocurrency journal - he has also consistently provided high-quality, serious and insightful posts, papers and presentations on reddit (in writing, at conferences, and on YouTube) covering a wide array of important topics ranging from blocksize, scaling and decentralization to networking theory, economics, and fee markets - including:
It was of course probably to be expected that such an important emerging new Bitcoin researcher would be constantly harrassed, attacked and censored by the ancien régime of Core / Blockstream / Theymos.
But now, the attacks have risen to a new level, where some Reddit admin(s) have suspended his account Peter__R.
This means that now he can't post anywhere on reddit, and people can no longer see his reddit posts simply by clicking on his user name (although his posts - many of them massively upvoted with hundreds of upvotes - are of course still available individually, via the usual search box).
Questions:
  • What Reddit admin(s) are behind this reddit-wide banishing of Peter__R?
  • What is their real agenda, and why are they aiding and abbeting the censorship imposed by Core / Blockstream / Theymos?
  • Don't they realize that in the end they will only harm reddit.com itself, by forcing the most important new Bitcoin researchers to publish their work elsewhere?
(Some have suggested that Peter__R may have forgotten to use 'np' instead of 'www' when linking to other posts on reddit - a common error which subs like /btc will conveniently catch for the poster, allowing the post to be fixed and resubmitted. If this indeed was the actual justification of the Reddit admin(s) for banning him reddit-wide, it seems like a silly technical "gotcha" - and one which could easily have been avoided if other subs would catch this error the same way /btc does. At any rate, it certainly seems counterproductive for reddit.com to ban such a prominent and serious Bitcoin contributor.)
  • Why is reddit.com willing to risk pushing serious discussion off the site, killing its reputation as a decent place to discuss Bitcoin?
  • Haven't the people attempting to silence him ever heard of the Streisand effect?
Below are some examples of the kinds of outstanding contributions made by Peter__R, which Core / Blockstream / Theymos (and apparently some Reddit admin(s)) have been desperately trying to suppress in the Bitcoin community.
Peer-Reviewed Cryptocurrency Journal
Bitcoin Peer-Reviewed Academic Journal ‘Ledger’ Launches
https://www.coindesk.com/bitcoin-peer-reviewed-academic-journal-ledger-launches/
Blocksize as an Emergent Phenonomen
The Size of Blocks: Policy Tool or Emergent Phenomenon? [my presentation proposal for scaling bitcoin hong kong]
https://np.reddit.com/bitcoinxt/comments/3s5507/the_size_of_blocks_policy_tool_or_emergent/
Peter R's presentation is really awesome and much needed analysis of the market for blockspace and blocksize.
https://np.reddit.com/bitcoinxt/comments/3me634/peter_rs_presentation_is_really_awesome_and_much/
In case anyone missed it, Peter__R hit the nail on the head with this: "The reason we can't agree on a compromise is because the choice is binary: the limit is either used as an anti-spam measure, or as a policy tool to control fees."
https://np.reddit.com/btc/comments/3xaexf/in_case_anyone_missed_it_peter_r_hit_the_nail_on/
Bigger Blocks = Higher Prices: Visualizing the 92% historical correlation [NEW ANIMATED GIF]
https://np.reddit.com/bitcoinxt/comments/3nufe7/bigger_blocks_higher_prices_visualizing_the_92/
https://np.reddit.com/Bitcoin/comments/3nudkn/bigger_blocks_higher_prices_visualizing_the_92/
Miners are commodity producers - Peter__R
https://np.reddit.com/bitcoinxt/comments/3l3g4f/miners_are_commodity_producers_peter_
Fees and Fee Markets
“A Transaction Fee Market Exists Without a Block Size Limit” — new research paper ascertains. [Plus earn $10 in bitcoin per typo found in manuscript]
https://np.reddit.com/Bitcoin/comments/3fpuld/a_transaction_fee_market_exists_without_a_block/
"A Transaction Fee Market Exists Without a Block Size Limit", Peter R at Scaling Bitcoin Montreal 2015
https://np.reddit.com/Bitcoin/comments/3mddr4/a_transaction_fee_market_exists_without_a_block/
An illustration of how fee revenue leads to improved network security in the absence of a block size limit.
https://np.reddit.com/bitcoinxt/comments/3qana4/an_illustration_of_how_fee_revenue_leads_to/
Greg Maxwell was wrong: Transaction fees can pay for proof-of-work security without a restrictive block size limit
https://np.reddit.com/Bitcoin/comments/3yod27/greg_maxwell_was_wrong_transaction_fees_can_pay/
Networks and Scaling
Bitcoin's "Metcalfe's Law" relationship between market cap and the square of the number of transactions
https://np.reddit.com/Bitcoin/comments/3x8ba9/bitcoins_metcalfes_law_relationship_between/
Market cap vs. daily transaction volume: is it reasonable to expect the market cap to continue to grow if there is no room for more transactions?
https://np.reddit.com/bitcoinxt/comments/3nvkn3/market_cap_vs_daily_transaction_volume_is_it/
In my opinion the most important part of Scaling Bitcoin! (Peter R)
https://np.reddit.com/Bitcoin/comments/3l5uh4/in_my_opinion_the_most_important_part_of_scaling/
https://np.reddit.com/bitcoinxt/comments/3l5up3/in_my_opinion_the_most_important_part_of_scaling/
Visualizing BIP101: A Payment Network for Planet Earth
https://np.reddit.com/Bitcoin/comments/3uvaqn/visualizing_bip101_a_payment_network_for_planet/
A Payment Network for Planet Earth: Visualizing Gavin Andresen's blocksize-limit increase
https://np.reddit.com/Bitcoin/comments/3ame17/a_payment_network_for_planet_earth_visualizing/
Is Bitcoin's block size "empirically different" or "technically the same" as Bitcoin's block reward? [animated GIF visualizing real blockchain data]
https://np.reddit.com/btc/comments/3thu1n/is_bitcoins_block_size_empirically_different_o
New blocksize BIP: User Configurable Maximum Block Size
https://np.reddit.com/Bitcoin/comments/3hcrmn/new_blocksize_bip_user_configurable_maximum_block/
A Block Size Limit Was Never Part Of Satoshi’s Plan : Draft proposal to move the block size limit from the consensus layer to the transport layer
https://np.reddit.com/bitcoin_uncensored/comments/3hdeqs/a_block_size_limit_was_never_part_of_satoshis/
Truth-table for the question "Will my node follow the longest chain?"
https://np.reddit.com/bitcoinxt/comments/3i5pk4/truthtable_for_the_question_will_my_node_follow/
Peter R: "In the end, I believe the production quota would fail." #ScalingBitcoin
https://np.reddit.com/Bitcoin/comments/3koghf/peter_r_in_the_end_i_believe_the_production_quota/
Decentralized Nodes, Mining and Development
Centralization in Bitcoin: Nodes, Mining, Development
https://np.reddit.com/Bitcoin/comments/3n3z9b/centralization_in_bitcoin_nodes_mining_development/
Deprecating Bitcoin Core: Visualizing the Emergence of a Nash Equilibrium for Protocol Development
https://np.reddit.com/bitcoinxt/comments/3nhq9t/deprecating_bitcoin_core_visualizing_the/
What is wrong with the goal of decentralizing development across multiple competing implementations? - Peter R
https://np.reddit.com/bitcoinxt/comments/3ijuw3/what_is_wrong_with_the_goal_of_decentralizing/
Potentially Unlimited, "Fractal-Like" Scaling for Bitcoin: Peter__R's "Subchains" proposal
"Reduce Orphaning Risk and Improve Zero-Confirmation Security With Subchains" — new research paper on 'weak blocks' explains
https://np.reddit.com/btc/comments/3xkok3/reduce_orphaning_risk_and_improve/
A Visual Explanation of Subchains -- an application of weak blocks to secure zero-confirmation transactions and massively scale Bitcoin
https://np.reddit.com/btc/comments/3y76du/a_visual_explanation_of_subchains_an_application/
New Directions in Bitcoin Development
Announcing Bitcoin Unlimited.
https://np.reddit.com/btc/comments/3ynoaa/announcing_bitcoin_unlimited/
"It's because most of them are NOT Bitcoin experts--and I hope the community is finally starting to recognize that" -- Peter R on specialists vs. generalists and the aptitudes of Blockstream Core developers
https://np.reddit.com/btc/comments/3xn110/its_because_most_of_them_are_not_bitcoin/
It is time to usher in a new phase of Bitcoin development - based not on crypto & hashing & networking (that stuff's already done), but based on clever refactorings of datastructures in pursuit of massive and perhaps unlimited new forms of scaling
https://np.reddit.com/btc/comments/3xpufy/it_is_time_to_usher_in_a_new_phase_of_bitcoin/
Peter__R on RBF
Peter__R on RBF: (1) Easier for scammers on Local Bitcoins (2) Merchants will be scammed, reluctant to accept Bitcoin (3) Extra work for payment processors (4) Could be the proverbial straw that broke Core's back, pushing people into XT, btcd, Unlimited and other clients that don't support RBF
https://np.reddit.com/btc/comments/3umat8/upeter_r_on_rbf_1_easier_for_scammers_on_local/
Peter__R on Mt. Gox
Peter R’s Theory on the Collapse of Mt. Gox
https://np.reddit.com/Bitcoin/comments/1zdnop/peter_rs_theory_on_the_collapse_of_mt_gox/
Censorship and Attacks by Core / Blockstream / Theymos / Reddit Admins against Peter__R
Peter__R's infographic showing the BIP 101 growth trajectory gets deleted from /bitcoin for "trolling"
https://np.reddit.com/btc/comments/3uy3ea/peter_rs_infographic_showing_the_bip_101_growth/
"Scaling Bitcoin" rejected Peter R's proposal
https://np.reddit.com/bitcoinxt/comments/3takbscaling_bitcoin_rejected_peter_rs_proposal/
After censoring Mike and Gavin, BlockStream makes its first move to silence Peter R on bitcoin-dev like they did on /bitcoin
https://np.reddit.com/bitcoinxt/comments/3syb0z/after_censoring_mike_and_gavin_blockstream_makes/
Looks like the censors in /bitcoin are at it again: Peter_R post taken down within minutes
https://np.reddit.com/bitcoinxt/comments/3tvb3b/looks_like_the_censors_in_rbitcoin_are_at_it/
I've been banned for vote brigading for the animated GIF that visualized the possible future deprecation of Bitcoin Core.
https://np.reddit.com/bitcoinxt/comments/3nizet/ive_been_banned_for_vote_brigading_for_the/
An example of moderator subjectivity in the interpretation of the rules at /bitcoin: animated pie chart visualizing the deprecation of Bitcoin Core
https://np.reddit.com/bitcoinxt/comments/3osthv/an_example_of_moderator_subjectivity_in_the/
"My response to Pieter Wuille on the Dev-List has once again been censored, perhaps because I spoke favourably of Bitcoin Unlimited and pointed out misunderstandings by Maxwell and Back...here it is for those who are interested" -- Peter R
https://np.reddit.com/btc/comments/3ybhdy/my_response_to_pieter_wuille_on_the_devlist_has/
To those who are interested in judging whether Peter R's paper merits inclusion in the blockchain scaling conference, here it is:
https://np.reddit.com/btc/comments/3td6b9/to_those_who_are_interested_in_judging_whethe
The real reason Peter_R talk was refused (from his previous presentation) (xpost from /btc)
https://np.reddit.com/bitcoinxt/comments/3uwpvh/the_real_reason_peter_r_talk_was_refused_from_his/
[CENSORED] The Morning After the Moderation Mistake: Thoughts on Consensus and the Longest Chain
https://np.reddit.com/bitcoin_uncensored/comments/3h8o50/censored_the_morning_after_the_moderation_mistake/
Core / Blockstream cheerleader eragmus gloating over Peter__R's account getting suspended from Reddit (ie, from all subreddits) - by some Reddit admin(s)
[PSA] Uber Troll Extraordinaire, Peter__R, has been permanently suspended by Reddit
https://np.reddit.com/Bitcoin/comments/407j77/psa_uber_troll_extraordinaire_upeter_r_has_been/
submitted by ydtm to btc [link] [comments]

Subreddit Stats: Bitcoin posts from 2018-10-09 to 2018-10-16 19:41 PDT

Period: 7.10 days
Submissions Comments
Total 765 10226
Rate (per day) 107.80 1494.28
Unique Redditors 596 3440
Combined Score 31658 33963

Top Submitters' Top Submissions

  1. 4526 points, 1 submission: Alexsayzz
    1. Anti-crypto propaganda... promoted by American Express (4526 points, 513 comments)
  2. 2391 points, 2 submissions: MoonMan_666
    1. Someone just paid $0.10 to move $194M (29,999 BTC). Think about how powerful that is for a second. (2369 points, 380 comments)
    2. Dev sends Bitcoin without using the web or the power grid (22 points, 4 comments)
  3. 2077 points, 1 submission: _Logicrypto
    1. When your boss thanks you for staying late at work but you were just watching the Bitcoin price and lost track of time (2077 points, 69 comments)
  4. 1496 points, 1 submission: bitbug42
    1. ⚡Lightning Network at the Senate - Counterargument to Roubini's speech that Bitcoin can never scale to serve the planet (1496 points, 186 comments)
  5. 1417 points, 1 submission: opencoins
    1. Why sell and pay capital gains, why not wait for mass adoption? That's my motto. (1417 points, 244 comments)
  6. 1174 points, 1 submission: awertheim
    1. Took a while but finally part of the picture club (had to wait on the web browser update!) (1174 points, 127 comments)
  7. 853 points, 1 submission: Hodl_it
    1. Feeling good? (853 points, 215 comments)
  8. 833 points, 1 submission: cointastical
    1. Bitcoin ATM operator gets the $62,500 that police confiscated back (833 points, 110 comments)
  9. 802 points, 2 submissions: JandyJammer
    1. Congratulations US senators for understanding crypto better than this guy (748 points, 125 comments)
    2. How is Bitmex the biggest exchange... total joke. I hope their competitors crush them. (54 points, 49 comments)
  10. 704 points, 1 submission: lesbiansareoverrated
    1. ...in case you missed the laura shill burn today (704 points, 100 comments)
  11. 512 points, 5 submissions: castorfromtheva
    1. Mycelium wallet will FINALLY get segwit! "This month" as stated by Mycelium developers on 9 October 2018. Glad to hear! I am excited. (312 points, 136 comments)
    2. Just saw it on their website: Ledger Nano S 20% off, directly from manufacturer! For six days, starting today. Just in case you consider getting a hardware wallet. (146 points, 84 comments)
    3. Newsflash: Bitfinex Unveils ‘Distributed Banking Solution,’ Resumes Fiat Deposits (44 points, 8 comments)
    4. Binance Uganda Launch 80% Ready As Users Can Now Sign Up: Deposits & Trading Coming Soon (8 points, 1 comment)
    5. Article: "Cryptos at a turning point", trustnodes.com (2 points, 0 comments)
  12. 510 points, 4 submissions: eddieweng
    1. Someone moved 12,220 BTC ($82M) in block 545,877 (393 points, 180 comments)
    2. Someone moved 22,200 BTC ($139M) in block 545,243 (90 points, 38 comments)
    3. CoinMarketBull – CoinMarketCap, but with a different metric (26 points, 4 comments)
    4. holdernews - trending stories on bitcointalk (1 point, 0 comments)
  13. 387 points, 1 submission: StoneHammers
    1. We are three months away from Bitcoins 10 year anniversary. (387 points, 39 comments)
  14. 366 points, 3 submissions: TrackCoinMarket-com
    1. Citizens of Venezuela have turned to Bitcoin and gold farming in online games to survive the country’s economic collapse. (365 points, 60 comments)
    2. Zambian Central Bank Declares Bitcoin Is Not Legal Tender (1 point, 7 comments)
    3. Bitcoin is Maturing, Crypto Growth Surprisingly Positive Reveals Study (0 points, 3 comments)
  15. 358 points, 1 submission: musicfan39
    1. Bitcoin all-time price graph (Aug 2010 – Oct 2018) (358 points, 84 comments)
  16. 311 points, 5 submissions: TheGreatMuffin
    1. Bitfinex' statement on fiat deposits/withdrawals (tldr: fiat and crypto withdrawals working, fiat deposits temporarily paused) (103 points, 52 comments)
    2. Bitfinex suspends all fiat deposits, “expects the situation to normalize within a week” (78 points, 62 comments)
    3. Fidelity gives a nod to OG cypherpunks (mentioning Adam Back, Nick Szabo, David Chaum) and bitcoin's precursors in their newest blog post (78 points, 0 comments)
    4. full video of the US Senate hearing on cryptocurrency: with P. Van Valkenburgh and N. Roubini as witnesses (starts at minute 16) (31 points, 5 comments)
    5. Interview with one of the creators of the Samourai wallet (21 points, 1 comment)
  17. 305 points, 1 submission: 6maud
    1. Jamie Dimon: Bitcoin is a scam. Also Jamie Dimon: Let's file 20 blockchain patents so we don't miss out on this blockchain thing. facepalm (305 points, 93 comments)
  18. 274 points, 2 submissions: undertheradar48
    1. $6.9 trillion of assets just got access to the world of crypto! (169 points, 24 comments)
    2. 1.65 Million people are attending over 5,000 Bitcoin meetups around the world. Organic interest/curiosity is real! (105 points, 41 comments)
  19. 265 points, 1 submission: NoGooderr
    1. Shorters, are you okay? (265 points, 123 comments)
  20. 253 points, 5 submissions: _smudger_
    1. Bakkt CEO: We're About To See A Cryptocurrency Revolution (130 points, 29 comments)
    2. Our team, launch and advocacy – Bakkt Blog – Medium (104 points, 33 comments)
    3. Coinbase's Adam White is joining Bakkt as its COO - The Block (16 points, 1 comment)
    4. The Bright Side of the 2018 Bitcoin Bear Market – Wes Carlson – Medium (2 points, 0 comments)
    5. Analysis: ErisX & Bakkt Are All in on the Battle for Institutional Cash (1 point, 0 comments)
  21. 247 points, 1 submission: Fly115
    1. It would be impossible for every Fidelity brokerage customer to own even one Bitcoin. This is why Bitcoins are worth thousands of dollars, while a dollar is only worth one dollar (and only until next year when when it's worth 97 cents). - Erik Voorhees (247 points, 129 comments)
  22. 237 points, 1 submission: manfromnantucket1984
    1. Bear markets are for building! 🐻⚡ While the price is doing what it does, we continue to build the #LightningNetwork at the #LightningHackdayNYC in New York on October 27th/28th 2018. Speakers like Christian Decker, Matt Corallo and Peter Todd will take you down the rabbit hole. (237 points, 15 comments)
  23. 232 points, 1 submission: TheMidnightMatinee
    1. Guys lets rally and show your support for an BTC ETF! Here's why! (232 points, 63 comments)
  24. 231 points, 2 submissions: installeris
    1. Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies (169 points, 36 comments)
    2. Nouriel Roubini has always been talking sh*t about Bitcoin. And he's always wrong. (62 points, 29 comments)
  25. 226 points, 1 submission: lewtr
    1. An easter egg in the Bitcoin genesis block code (226 points, 40 comments)
  26. 218 points, 1 submission: Unusual_Mountain
    1. Bitcoin as a safe haven from monetary policy can help keep governments and banks honest. It doesn't have to replace them. (218 points, 85 comments)
  27. 214 points, 1 submission: Mobilenewsflash
    1. Roubini (214 points, 50 comments)
  28. 212 points, 1 submission: CardCollector1
    1. Getting Started with BTCPay Server - Free and Open Source Bitcoin and Lightning Network payment processor (212 points, 75 comments)
  29. 201 points, 1 submission: yonstonston
    1. Sorry guys, i bought BTC yesterday... (201 points, 72 comments)
  30. 161 points, 2 submissions: linzex
    1. A Bitcoin Lesson From A Yogi Master (93 points, 6 comments)
    2. ChangeNow Exchange Accused of $70,000 Theft (68 points, 8 comments)
  31. 159 points, 3 submissions: zappadoing
    1. greetings from holidays - I thought I won't have to read anything about bitcoin this time... (130 points, 12 comments)
    2. Telegram down! Lots of Bitcoin-Groups not accessible. We need something decentralized. (19 points, 26 comments)
    3. Colleges Are Baffled by Bitcoin Donations (10 points, 0 comments)
  32. 159 points, 1 submission: Crevative
    1. Zimbabwe spirals into economic chaos as fears of another round of hyperinflation begin to spark - another fiat currency fails! (159 points, 20 comments)
  33. 147 points, 1 submission: lexihayes99
    1. Just wanted to remind people of a simpler time :) (147 points, 196 comments)
  34. 146 points, 1 submission: Rare_Ad
    1. Bitcoin was a tool that was born of the economic crisis some 10 years ago, does that mean another big recession or banking collapse could catapult it forward? (146 points, 87 comments)
  35. 146 points, 1 submission: vmrey
    1. Buda, the largest crypto exchange by volume in Chile, is one of the first to incorporate Lightning network. (146 points, 14 comments)
  36. 145 points, 1 submission: wwwdata
    1. I own crypto but not Bitcoin. (145 points, 243 comments)
  37. 141 points, 9 submissions: expertbit
    1. This E-Bike Accepts Payments With Bitcoin's Lightning Network (51 points, 3 comments)
    2. Bitcoin [BTC] transfers will become a lot faster with Liquid Network, says Jimmy Song (37 points, 58 comments)
    3. Top Universities Are Now Investing in Cryptocurrency Funds (18 points, 0 comments)
    4. Indian Exchange Unocoin Could Launch Crypto ATMs (17 points, 0 comments)
    5. Bitcoin Price Stability -- A Bullish Or Bearish Sign? (15 points, 1 comment)
    6. Don’t Underestimate China’s Power In Bitcoin (2 points, 3 comments)
    7. Bitcoin Price Analysis: Bulls Defend Yearly Support Amidst Wall Street Slump (1 point, 0 comments)
    8. Bitcoin Network Comes To A Standstill In China (0 points, 2 comments)
    9. Bitcoin Price Jumps by $600 to Reach One-Month High Above $6.9k (0 points, 0 comments)
  38. 137 points, 1 submission: diditmakesound
    1. Everyone still buying right now (137 points, 30 comments)
  39. 135 points, 1 submission: gattacibus
    1. POLONIEX suspends Bitcoin withdrawals (135 points, 86 comments)
  40. 129 points, 3 submissions: nopara73
    1. Wasabi Wallet added OSX support. Please consider testing it. (55 points, 25 comments)
    2. Scoring Bitcoin Wallets (38 points, 25 comments)
    3. A Technical Overview of Wasabi Wallet, Future Ideas, Plans and Strategy (36 points, 1 comment)
  41. 123 points, 1 submission: Big_Bluefin
    1. Live from Fremont Street in Las Vegas (123 points, 20 comments)
  42. 121 points, 1 submission: agustinf
    1. Latin American Exchange Buda.com adds Lightning Network payments for all. (121 points, 17 comments)
  43. 118 points, 2 submissions: TheCrunk1
    1. Fidelity launches new company for trading, storing cryptocurrencies (98 points, 26 comments)
    2. Binance launches fiat-to-crypto exchange in Uganda (20 points, 7 comments)
  44. 112 points, 1 submission: Thinkmoreaboutit
    1. "Over the weekend I sent a bitcoin transaction to a relay 12.6km away with no cell network or internet connection. Here's a tweetstorm about how I used @gotenna and @SamouraiWallet to do it" [email protected] (112 points, 20 comments)
  45. 111 points, 1 submission: Jackieknows
    1. When it comes to your coins, keep it quiet. – Trezor Blog (111 points, 10 comments)
  46. 110 points, 1 submission: 100ravp
    1. Someone solved the 310.00 BTC challenge (110 points, 87 comments)
  47. 110 points, 1 submission: loulan
    1. There was an attempt (110 points, 78 comments)
  48. 106 points, 1 submission: king-only
    1. Breez, a Lightning Network mobile client, is now fully open sourced (106 points, 19 comments)
  49. 101 points, 2 submissions: HodlingToTheMoon
    1. Websites using Joomla (second most popular platform after Wordpress), can now be enabled with Bitcoin payments - In less than 5 min! (98 points, 5 comments)
    2. Got business on your mind? Here are 7 easy and genuine ideas to start a Bitcoin-centric e-commerce store! (3 points, 0 comments)
  50. 98 points, 1 submission: ubunt2
    1. Fidelity Starts Crypto Unit to Serve Wall Street Customers (98 points, 4 comments)
  51. 97 points, 1 submission: CosmicHemorroid
    1. Lightning Powered E-bike #Reckless (97 points, 22 comments)
  52. 96 points, 3 submissions: DesignerAccount
    1. Bitcoin is all grown up! (83 points, 6 comments)
    2. [Bitcoin OpSec - Keep your coins safe] Detailed breakdown of sophisticated scam (12 points, 6 comments)
    3. Infographic - How do UTXOs work? (1 point, 0 comments)
  53. 96 points, 1 submission: bowlingfries
    1. Bitcoin kiosk in Portland OR weed dispensary (96 points, 21 comments)
  54. 94 points, 1 submission: nassimmontreal
    1. #roubinilovescrypto (94 points, 37 comments)
  55. 92 points, 2 submissions: ella11price
    1. Selling goods and items for Bitcoin should be easy. I built a marketplace similar to eBay so people can sell anything for crypto. This video explains it. (91 points, 63 comments)
    2. The best ways to earn bitcoin and cryptocurrency. Includes how to spot a scam (1 point, 0 comments)
  56. 91 points, 1 submission: ytcoinartist
    1. The Golden Pineapple, a 3D combination puzzle for all ages and free to play. Be the first to solve the final level and win 1 BTC, courtesy of The Pineapple Fund. http://pineapplearcade.net/arcade-game/pineapple (91 points, 25 comments)
  57. 89 points, 1 submission: Rachsuchtig
    1. An BTC ATM at Austria/Salzburg Shopping Arena, totally surprised to see (89 points, 11 comments)
  58. 87 points, 2 submissions: Ishan1121
    1. Bitcoin proves once again its the best way to transfer money! $194 million transferred for 10 cents. (87 points, 18 comments)
    2. Discussion: So Bitcoin rises as fake news on Binance delisting Tether (USDT) goes viral...removing Tether completley will affect the market positively? THoughts? (0 points, 6 comments)
  59. 87 points, 1 submission: Blixx87
    1. I finally figured it out! We have been forming a Dorito Pattern and it’s on it’s way to the cheese dip. (87 points, 49 comments)
  60. 86 points, 8 submissions: EffigyBoy
    1. Venezuelans Play RuneScape To Make Small Profit In Bitcoin (31 points, 4 comments)
    2. CFTC Chair On Bitcoin Expansion: "We Are Seeing More Institutional Movement Into This Area" (26 points, 0 comments)
    3. The Indian Government is Considering to Launch Its Own Cryptocurrency to Avoid Citizens Using Bitcoin (13 points, 14 comments)
    4. The Congress Is Groping In The Dark To Handle Cryptocurrencies. Bitcoin has come into the mainstream. (6 points, 0 comments)
    5. After Stock Markets Plunge Cryptocurrency Whale Dumps over 22 100 BTC (5 points, 11 comments)
    6. Scientific Journal 'Chaos' Favors Bitcoin – As stable as Oil and Dollar Markets (2 points, 1 comment)
    7. The First Physical Cryptocurrency Store in The U.S. Launches on October 20 (2 points, 1 comment)
    8. Omniex and Gemini Struck A Partnership to Support Institutional Investors (1 point, 0 comments)
  61. 85 points, 2 submissions: jakesonwu
    1. Release - Eclair v0.2-beta7 - Compatible with Bitcoin Core 0.17.0 (75 points, 8 comments)
    2. Lord Keynes Would Be Proud (10 points, 1 comment)
  62. 84 points, 2 submissions: renepickhardt
    1. ECDSA is not that bad: two-party signing without Schnorr or BLS (by Stepan Snigirev) (53 points, 7 comments)
    2. Last week in Lightning Network: A weekly collection of lightning network (and related) news on Twitter (31 points, 6 comments)
  63. 83 points, 3 submissions: OldCarpet54
    1. [GIVEAWAY] Crypto Invest Summit – Wozniak, Gupta, Morehead (82 points, 1 comment)
    2. blockchain news: from SF Blockchain Week and XBlockchain (1 point, 0 comments)
    3. Buterin | SpankChain | Kambria: San Francisco Blockchain Week (0 points, 0 comments)
  64. 83 points, 1 submission: -elektro-pionir-
    1. AMA with Bitcoin engineer Jameson Lopp (83 points, 21 comments)
  65. 80 points, 3 submissions: ysangkok
    1. Bitcoin script discussion at Scaling Bitcoin: "Sporks are probabilistic soft-forks [...] where instead of [...] version bits if the blockhash has some [...] PoW below some threshold, it activates. [...] [E.g.] you have an expectation of 6 months to get your shit together. Doing it live." (28 points, 3 comments)
    2. Multi-Hop Locks for Secure, Privacy-Preserving and Interoperable Payment-Channel Networks (27 points, 8 comments)
    3. Scaling Bitcoin Kaizen - Scriptless scripts, adaptor signatures and their applications (25 points, 2 comments)
  66. 78 points, 3 submissions: mkuraja
    1. What's the difference between Lightning Network and Liquid Network? (57 points, 41 comments)
    2. Need some fresh, new FOMO in your life? Reenter, Trace Mayer. (15 points, 1 comment)
    3. This American tourist thought I'd see "Bitcoin Accepted Here" all over Tokyo, Japan but not one place found yet. (6 points, 17 comments)
  67. 77 points, 1 submission: Miladran
    1. Fidelity Says It Will Trade Bitcoin for Hedge Funds (77 points, 1 comment)
  68. 77 points, 1 submission: pandaman200
    1. Swiss Crypto Fund Obtains Country’s First Crypto Asset Management License (77 points, 4 comments)
  69. 75 points, 3 submissions: mickhick95
    1. I purchased a goTenna to broadcast my BTC transactions with TxTenna and Samourai Wallet. (44 points, 15 comments)
    2. I saw a Bitcoin ATM and I had to make a purchase. (28 points, 41 comments)
    3. 303-ish Days in the BTC Bear Market, This Sideways Motion Looks Like A Turn Around!!! (3 points, 16 comments)
  70. 75 points, 1 submission: hcarpach
    1. Venezuelan cryptocurrency miner: “we are police’s most wanted” (75 points, 21 comments)
  71. 73 points, 6 submissions: WorkCoin_Team
    1. “Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.” – Pieter Wui (66 points, 14 comments)
    2. Revolution of Bitcoin (5 points, 3 comments)
    3. A Funny Bitcoin Thought (2 points, 20 comments)
    4. Getting started with Bitcoin (0 points, 1 comment)
    5. Make your foundation strong (0 points, 0 comments)
    6. What are you not willing to compromise? (0 points, 6 comments)
  72. 73 points, 1 submission: ozdixon
    1. Bitcoin accepted at a absenth bar in Prague. (73 points, 11 comments)
  73. 72 points, 1 submission: Itasia
    1. What Are Atomic Swaps? Ultimate Guide (72 points, 16 comments)
  74. 71 points, 1 submission: MannyAndDrChurchShow
    1. I wonder if they would still honor this card.... (71 points, 9 comments)
  75. 68 points, 4 submissions: grittygatorr
    1. Liquid Network - the world’s first production Bitcoin sidechain has officially gone live (65 points, 100 comments)
    2. XDEX Advertises Commission-Free Bitcoin Trading in Brazil (2 points, 0 comments)
    3. Coinfloor to Cut on Staff and Reorganize Amid Volume Fluctuations in the Crypto Markets (1 point, 0 comments)
    4. Barclays Temporarily Suspends Work on Cryptocurrency Trading Project (0 points, 1 comment)
  76. 68 points, 1 submission: WouterGlorieux
    1. Introducing 'The Bitcoin Spellbook': an open-source REST API server for the back-end of (almost) any Bitcoin application. (Think of it as your own IfThisThenThat server but for Bitcoin) (68 points, 3 comments)
  77. 67 points, 1 submission: Vaultoro_official
    1. Leading up to the LightingNetwork Hackathon in NY, I thought I would post the talks we filmed at the Berlin lightningHackDay. Some amazing talks! (67 points, 1 comment)
  78. 65 points, 1 submission: Komodor123
    1. Do you speak more than one language? Then help spread Bitcoin around the world by translating Bitcoin.org! (65 points, 28 comments)
  79. 63 points, 1 submission: Sandiegosurf1
    1. Fidelity Launches Institutional Crypto Trading and Clearing. Let the institutional money flow! (63 points, 1 comment)
  80. 63 points, 1 submission: TearAnus-SoreAssRekt
    1. Buying PC Games With Bitcoin: Site Reviews (with some accepting Lightning!) (63 points, 7 comments)
  81. 62 points, 1 submission: CryptoCloaks
    1. We finally got our RaspiBlitz case to a level we love! Time for load testing to check thermals, final mods are almost done! (62 points, 10 comments)
  82. 61 points, 1 submission: sagiher
    1. #Liberte#CaribbeanBitcoin#ShoutOutToAllBitcoinDeveloperOutThere (61 points, 9 comments)

Top Commenters

  1. PragmaticParadox (465 points, 7 comments)
  2. ikarienator (462 points, 1 comment)
  3. Hanspanzer (434 points, 106 comments)
  4. Toyake (434 points, 71 comments)
  5. uglymelt (394 points, 3 comments)
  6. UsherTechs (377 points, 1 comment)
  7. isdudu (345 points, 4 comments)
  8. TyroneTheDriver (307 points, 1 comment)
  9. Rattlesnake_Mullet (296 points, 11 comments)
  10. andycam7 (282 points, 3 comments)
  11. dmdeemer (275 points, 1 comment)
  12. BTCkoning (266 points, 114 comments)
  13. CP70 (257 points, 7 comments)
  14. ascension8438 (239 points, 7 comments)
  15. Fly115 (226 points, 9 comments)
  16. haribo_2016 (220 points, 4 comments)
  17. dsmid (214 points, 1 comment)
  18. i_gotta_say (208 points, 87 comments)
  19. TheGreatMuffin (206 points, 56 comments)
  20. ebaley (198 points, 34 comments)
  21. bitsteiner (185 points, 86 comments)
  22. Redditridder (181 points, 5 comments)
  23. KupKhunKrap (173 points, 36 comments)
  24. 45sbvad (169 points, 3 comments)
  25. c3corvette (165 points, 2 comments)
  26. killerstorm (163 points, 8 comments)
  27. evilgrinz (158 points, 48 comments)
  28. chronic_nervosa (140 points, 1 comment)
  29. bigdaddysdick (136 points, 7 comments)
  30. castorfromtheva (129 points, 27 comments)
  31. Touchmyhandle (125 points, 12 comments)
  32. Euphoricsoul (122 points, 1 comment)
  33. WaterMac27 (122 points, 1 comment)
  34. DSXIII (118 points, 1 comment)
  35. RIMS_REAL_BIG (117 points, 24 comments)
  36. cryptogrip (112 points, 39 comments)
  37. WalterRyan (108 points, 10 comments)
  38. sudophant (107 points, 5 comments)
  39. NotSeeTroll (104 points, 37 comments)
  40. deadleg22 (104 points, 10 comments)
  41. shared_makes_it_real (103 points, 26 comments)
  42. alexiglesias007 (103 points, 7 comments)
  43. Buttoshi (102 points, 68 comments)
  44. flunderbossanova (102 points, 59 comments)
  45. lexihayes99 (101 points, 28 comments)
  46. mabezard (101 points, 2 comments)
  47. peniswithahoodie (98 points, 1 comment)
  48. beloboi (96 points, 65 comments)
  49. vovr (89 points, 3 comments)
  50. segells4soulsmogoblo (89 points, 1 comment)
  51. damchi (87 points, 21 comments)
  52. smadgerano (81 points, 14 comments)
  53. time_wasted504 (80 points, 34 comments)
  54. joeknowswhoiam (80 points, 16 comments)
  55. diydude2 (79 points, 26 comments)
  56. sQtWLgK (79 points, 17 comments)
  57. 989x4000 (78 points, 22 comments)
  58. sreaka (78 points, 16 comments)
  59. YoungScholar89 (78 points, 6 comments)
  60. Ellipso (76 points, 2 comments)
  61. HitsABlunt (76 points, 1 comment)
  62. almkglor (75 points, 39 comments)
  63. MrRGnome (75 points, 37 comments)
  64. Daddeus65 (75 points, 28 comments)
  65. whalecheetah (75 points, 25 comments)
  66. BCash_BeTrash (75 points, 23 comments)
  67. cipher-space (75 points, 19 comments)
  68. bnuttall (72 points, 2 comments)
  69. chrisrico (71 points, 26 comments)
  70. esdraelon (71 points, 8 comments)
  71. ale1ormont (71 points, 2 comments)
  72. igadjeed (70 points, 42 comments)
  73. Holographiks (70 points, 19 comments)
  74. frankieboy07 (70 points, 2 comments)
  75. snazzycoins (69 points, 12 comments)
  76. dmar198 (69 points, 11 comments)
  77. protoman86 (69 points, 7 comments)
  78. bitbug42 (68 points, 5 comments)
  79. CardCollector1 (66 points, 16 comments)
  80. hawks5999 (66 points, 7 comments)
  81. DefiantVerse (65 points, 12 comments)
  82. psionides (65 points, 8 comments)
  83. btc-forextrader (64 points, 37 comments)
  84. UniqueNewQuark (63 points, 5 comments)
  85. imaducksfan (63 points, 1 comment)
  86. bitusher (62 points, 23 comments)
  87. homad (62 points, 13 comments)
  88. torbitonsa (62 points, 7 comments)
  89. violencequalsbad (62 points, 7 comments)
  90. wwwdata (61 points, 20 comments)
  91. LadyRosedancer (61 points, 1 comment)
  92. Nunoyabiznes (60 points, 22 comments)
  93. pg3crypto (60 points, 13 comments)
  94. XxArmadaxX (60 points, 4 comments)
  95. awertheim (59 points, 27 comments)
  96. Ploxxx69 (59 points, 1 comment)
  97. TheGlassStone (59 points, 1 comment)
  98. moodytomatoes (58 points, 39 comments)
  99. Sneakybobo (58 points, 13 comments)
  100. UniqueCandy (58 points, 8 comments)

Top Submissions

  1. Anti-crypto propaganda... promoted by American Express by Alexsayzz (4526 points, 513 comments)
  2. Someone just paid $0.10 to move $194M (29,999 BTC). Think about how powerful that is for a second. by MoonMan_666 (2369 points, 380 comments)
  3. When your boss thanks you for staying late at work but you were just watching the Bitcoin price and lost track of time by _Logicrypto (2077 points, 69 comments)
  4. ⚡Lightning Network at the Senate - Counterargument to Roubini's speech that Bitcoin can never scale to serve the planet by bitbug42 (1496 points, 186 comments)
  5. Why sell and pay capital gains, why not wait for mass adoption? That's my motto. by opencoins (1417 points, 244 comments)
  6. Took a while but finally part of the picture club (had to wait on the web browser update!) by awertheim (1174 points, 127 comments)
  7. Feeling good? by Hodl_it (853 points, 215 comments)
  8. Bitcoin ATM operator gets the $62,500 that police confiscated back by cointastical (833 points, 110 comments)
  9. Congratulations US senators for understanding crypto better than this guy by JandyJammer (748 points, 125 comments)
  10. ...in case you missed the laura shill burn today by lesbiansareoverrated (704 points, 100 comments)

Top Comments

  1. 462 points: ikarienator's comment in Feeling good?
  2. 456 points: PragmaticParadox's comment in Anti-crypto propaganda... promoted by American Express
  3. 387 points: uglymelt's comment in ⚡Lightning Network at the Senate - Counterargument to Roubini's speech that Bitcoin can never scale to serve the planet
  4. 377 points: UsherTechs's comment in When your boss thanks you for staying late at work but you were just watching the Bitcoin price and lost track of time
  5. 342 points: isdudu's comment in Anti-crypto propaganda... promoted by American Express
  6. 307 points: TyroneTheDriver's comment in Anti-crypto propaganda... promoted by American Express
  7. 276 points: andycam7's comment in Why sell and pay capital gains, why not wait for mass adoption? That's my motto.
  8. 275 points: dmdeemer's comment in Someone just paid $0.10 to move $194M (29,999 BTC). Think about how powerful that is for a second.
  9. 268 points: Rattlesnake_Mullet's comment in Someone moved 12,220 BTC ($82M) in block 545,877
  10. 244 points: CP70's comment in Anti-crypto propaganda... promoted by American Express
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

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