Will the Central Bankers Let Bitcoin Usurp Their Power?

C O N T E N T S:

KEY TOPICS

  • Zimbabwe has banned banks from processing cryptocurrency transactions while the central bank says in running a bitcoin cash machine, crypto exchange platforms are offering banking services illegally.(More…)
  • This is supposedly to protect the value of fiat but the proper way to protect the value of fiat is to MAXIMIZE the legitimate demand for it by allowing all citizens to safely and conveniently use fiat via checking/debit accounts of their own at the Central Bank and by removing all privileges for banks and other depository institutions.(More…)
  • It employs the technology that Napster made famous, peer-to-peer networking; individual computers on the network communicate directly to one another without passing through a central post office; Bitcoin electronic transfers are not instantaneous but they are very, very fast compared to traditional bank transfers – SWIFT and all that.(More…)

POSSIBLY USEFUL

  • Meaning that, if people want to send large or small amounts of money when they are geographically apart — usually long distances across time zones, across countries and jurisdictions — Bitcoin is a very efficient way to send value across, as long as both people value Bitcoin and understand that its market price varies.(More…)

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Will the Central Bankers Let Bitcoin Usurp Their Power?
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description: What World Leaders Think About Crypto, and How They Want …

KEY TOPICS

Zimbabwe has banned banks from processing cryptocurrency transactions while the central bank says in running a bitcoin cash machine, crypto exchange platforms are offering banking services illegally. [1] The blockchain technology that bitcoin is built around has already been trialed in South Africa for use in financial transactions, with the country’s central bank saying the technology can help reduce the amount taken to complete transactions. [1] How that all works I don’t know, but near the central bank of central banks (BIS) there are cash machines upon which you can purchase bitcoins. [2] This is the crypto-Coase theorem, and it is profoundly important to understanding why Bitcoin can become central to instigating valuable economic reorganizations en masse. [3] Hinman specifically said that bitcoin is not a security because it is decentralized: there is no central party whose efforts are a key determining factor in the enterprise. [1]

Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. [4] Fiat money such as dollars, yen and euros, the form of currency used in almost every country, only holds value because the issuing central banks and governments are expected to manage them properly. [5] The central banks might also start holding cryptocurrencies as reserves, or large retailers like Amazon may begin accepting cryptocurrencies for transactions. [5]

This is supposedly to protect the value of fiat but the proper way to protect the value of fiat is to MAXIMIZE the legitimate demand for it by allowing all citizens to safely and conveniently use fiat via checking/debit accounts of their own at the Central Bank and by removing all privileges for banks and other depository institutions. [6] It is not just banks, central banks and governments assessing how to use the technologies; other sectors, from logistics to mining, want to understand what it means for them. [1] There will be an integrated network that complies with laws and regulation from central banks and governments. [1] “This approach could enable African states to spearhead innovations such as block-chains for easier access to public services and digital currencies issued by central banks,” said Global Risk Insights. [1] One thing is historically verifyable — MichaelH, 23:57:36 12/31/17 Sun That first in 20th century central banks were created and almost immediately after was first world war. [2] Reacting to the first installment in the series, John McLaughlin, a former deputy director of Central Intelligence, drew a direct line between what’s contained in these manuals and the cases being examined by special counsel Robert Mueller: “This is classic spycraft from Sun Tzu (6th century BC) till today. [2] “Central to determining whether a security is being sold is how it is being sold and the reasonable expectations of purchasers,” William Hinman, head of the Division of Corporation Finance at the SEC, said in a speech at the Yahoo All Markets Summit: Crypto conference in San Francisco. [1]

Note that interest rates can still be low without any privileges for the banks via sufficiently large fiat distributions equally to all citizens and/or negative interest on large fiat account balances at the Central Bank. [6] The Bank of England provides one model of a fully nationalized central bank. [6]

Phone calls and email information goes right to some central — MichaelH, 19:30:16 6/12/18 Tue marketing database(s). [2] They are agents of the financial monopolists, the gang that have given you central banking. [2]

It has always been a war between the banker predators and the people — MichaelH (), 9:58:52 6/08/18 Fri AstroEcon: Dirty money 6/8/2018 After watching the series Dirty Money on netflix (ya I cant deal with commercials) the segment on Trump sure does look bad to me. [2] To make the case that executives and bankers are considering blockchain for only the money would be a disservice to both the industry and to the professionals looking to make the transition. [7]

It LOOKS like the Bankers are intentionally choking the U.S. Economy and they’re doing so at levels far FAR worse than what took place during the “Fiscal Crisis” of 2007-08. [2] If Interbank Lending has suddenly stopped. because Bankers have DECIDED to stop lending to each other (as opposed to not trusting each other), then it stands to reason that Banks which NEED liquidity to meet regulations and cash requirements, would have to get that cash from somewhere else. [2] Although it was termed “Bank of the United States”, it was actually the “bank of the bankers”, since it was not owned by the nation, but by individuals holding the bank’s stocks, the private bankers. [2] The charter for the Bank of the United States ran out in 1811, and Congress voted against its renewal, thanks to the influence of Thomas Jefferson and Andrew Jackson: The bankers launch the war Nathan Rothschild, of the Bank of England, issued an ultimatum: “Either the application for the renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.” [2]

Kameran Faily made 3 videos with Project Camelot. — MichaelH, 7:40:36 1/15/18 Mon This is an interview with Kameran Fally, banker, physicist, religious scholar and political advisor to top levels of the British and Iraqi governments. [2]

It has taken three years of work by the Ethereum Foundation to piece together all the steps necessary to make the Ethereum network decentralized, efficient and competitive in an industry with so many new players looking to usurp it. [8] It has to be the bedrock on which every financial application is built upon so that its’ position cannot be usurp, because for that to happen you will have to take down the whole social and financial infrastructure first. [9]

It employs the technology that Napster made famous, peer-to-peer networking; individual computers on the network communicate directly to one another without passing through a central post office; Bitcoin electronic transfers are not instantaneous but they are very, very fast compared to traditional bank transfers – SWIFT and all that. [10] Miners then race to authenticate and encrypt the transaction, logging Bitcoin codes inside of a central server. [11]

Later, as President Washington’s U.S. Treasury Secretary, Hamilton laid the foundation of the first Federal U.S. Central Bank, secured credit loans through Crown banks in France and the Netherlands, and increased the power of the Federal Government over the hoodwinked nation-states of the Union. [12] That amount equals about $18 million dollars, plus interest, that Hamilton’s U.S. Central Bank owed the Crown through Crown Bank loans in France. [12]

Even as non-performing loans show asignificant recovery this year, efforts by the central bank tofend off inflation by hiking borrowing costs could reverse thistrend next year, Jorg Friedemann, an analyst with Bank ofAmerica Merrill Lynch, said. [13] The Bank of International Settlements in Basel, Switzerland controls all the central banks of the G7 nations. [12] The gain extended a rally from last week, spurred when Fed Chairman Ben S. Bernanke said the central bank remains flexible about the duration of its asset-purchase program. [13] It is a fiat currency but one without a central bank to tell us what it is worth. [10]

While the Articles of Confederation were successful when it came to waging war and preparing for new states, it was economic policy and domestic strife that made the case for a stronger central government. [10] “63 Golf Drive” though affordable but boasts of facilities like Swimming Pool, Central Greens, Club, Kids Play Zone, Sport Facilities, Convenience Shopping Centre which no Other Affordable Project is providing. [13] Ex-CIA officer Joshua Schulte was charged by the U.S. Attorney’s Office from the Southern District of New York for child pornography offenses and for stealing classified national defense information from the Central Intelligence Agency (CIA) and sending the material to an organization that disseminates such information publicly. [14]

The bankers and Bar Attorneys in the U.S. are a franchise in oath and allegiance to the Crown at Chancery – the Crown Temple Church and its Chancel located at Chancery Lane – a manipulative body of elite bankers and attorners from the independent City of London who violate the law in America by imposing fraudulent “legal” – but totally unlawful – contracts on the American people. [12]

The theoretical result is that if politicians, central bankers, enforcers, and other such people suddenly become frequent targets of assassination, then these occupations will cease to exist due to a lack of interest in assuming such roles. [15] Ever since Keynesian economics became prevalent among policymakers, central bankers have sought to manipulate interest rates and the money supply to stimulate the economy. [15]

“looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a Libertarian political agenda in mind–to damage states ability to collect tax and monitor their citizens’ financial transactions.” [15] Over the long term, central banks also destroy the purchasing power of a currency, with the U.S. dollar losing 96 percent of its value since the Federal Reserve was formed in 1913. [15]

Cryptocurrencies threaten this critical mass by offering an alternative to people who wish to opt out of the scam of central banking and own an asset that appreciates over time. [15] In order to continue to function, central banks must have a critical mass of economic transactions occur in the currency that they manipulate. [15]

It wasn?t until the fleet made landfall that it was revealed to the Teutonic knights that a contingent of the Norwegian fleet was made up of female warriors. (The first encounter between the Teutonic knights and the Valkyries of Christ is the central theme of the book and the film of the same name: By the Cross and the Sword.) [16]

Industrial secrets about new innovations which can be being developed is an additional way for competing companies to usurp their position by enhancing the same product prior to the launch at greatly reduced prices. [17]

POSSIBLY USEFUL

Meaning that, if people want to send large or small amounts of money when they are geographically apart — usually long distances across time zones, across countries and jurisdictions — Bitcoin is a very efficient way to send value across, as long as both people value Bitcoin and understand that its market price varies. [7] If you go reading through ZH way back, the first time bitcoin jumped was when all the Russians panicked with their money in Greece. [2]

At the time of writing, the Bitcoin blockchain was growing at around 50 GB per year and stood at roughly 170 GB. Thus, to keep the ledger’s size and the time needed to verify all transactions (which increases with block size) manageable, cryptocurrencies have hard limits on the throughput of transactions (Graph V.4, centre panel). [2] A network of tech-savvy users called miners keep the system honest by pouring their computing power into a blockchain, a global running tally of every bitcoin transaction. [18] Blockchain, the shared ledger technology that powers cryptocurrencies such as bitcoin and many ICOs, is also an emerging field. [1] ” In return for solving equations “miners” receive bitcoin.On a computer, that process generates 1,400 watts — the same as one hair dryer, according to bitcoin mining company Coinmint.Many apps on the iOS store claim to let users mine with power from their personal devices, including “Crypto Coin Miner” and “Cryptocurrency Cloud Mining. [1] “We saw bitcoin hit new lows; I think we went to $5,779,” Kelly said on “Power Lunch” Monday. [1] It’s unlikely someone could successfully “mine” bitcoin on an iPhone or iPad alone because of the amount of energy and computing power it takes. [1]

Obviously with government regulations and banks not banking people in the cannabis industry, if people create tokens for that, that then can be traded to Bitcoin or other coins too, in order to cash out. [18] Surveying nearly 15,000 people across 13 countries, the Dutch bank said the survey reflects a gradual change in attitude towards cryptocurrencies like bitcoin, ethereum and ripple. [7] That said, JPMorgan is starting to use the underlying technology behind bitcoin, known as blockchain, as a potential way for banks to more accurately track trading and assets. [18] Another reason — I honestly think the best Bitcoin and blockchain applications would be invisible to the everyday consumer, but it’ll essentially be the internet of money that’s powering all these transactions, similar to what Paypal did to digital money. [18] So I think a lot of people misconception is associating blockchain and bitcoin with scams, from drugs and to crazy stuff. [18] I think that bitcoin and blockchain, specifically, are going to be slow and outdated. [18]

If they don’t trust each other, they have the blockchain or Bitcoin (essentially) network, so they can still interact or trade value without trusting each other. [18] The value of the land, and analogously of bitcoin itself, is a function of the economic value it can generate through the matrix of contracts it can support across the network economy. [3] Is it possible that next year sometime cryptos could soar to these — MichaelH (), 9:35:48 12/18/17 Mon ridiculous heights proclaimed??? YES! AFTER bitcoin suffers almost a total collapse first along with the economy and then the dollar collapses. [2] As Bitcoin Breaks All-Time Highs Near $20,000 Its Future Has Never Been So Uncertain — MichaelH, 8:35:28 2/11/18 Sun Jeff Berwick – bitcoin should no longer be called a crypto currency, because its not a currency any longer. [2] Keiser Report: Bitcoin Black Hole (E1219) — MichaelH, 13:47:30 4/29/18 Sun http://www.youtube.com/watch?vDmFJWq9VA7o Max coming out super strong promoting bitcoin / cryptos. [2] Max Keiser, second half discusses crypto’s. — MichaelH, 19:37:44 1/12/18 Fri Apparently only bitcoin is the only crypto. [2]

It would appear to me that Santa and Christmas is going to make — MichaelH, 11:26:28 12/21/17 Thu metals and stock market look like super-charged bitcoin of recent months. [2] Just remember, life could always be worse – you could suffer from — MichaelH (), 15:59:43 3/22/18 Thu non-controllable fat braggart mouth – a subtype of Tourrette’s syndrome, like Mcafee on bitcoin, that gets one in trouble: When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. [2] I am upping my offer for a bitcoin to 2 bits of silver — MichaelH (), 20:18:39 4/10/18 Tue – an actual silver quarter dollar of U.S. money for your only 1 bit of??? (gawd – I hope my bid and your offer of a bitcoin NEVER meet! I wud hate to have to learn about wallets and a whole load of shit I’d rather avoid). [2] Previously, during an interview with CNBC’s Kayla Tausche, Blankfein echoed a similar sentiment regarding Bitcoin, describing a period in the U.S. history during which the U.S. government abruptly abolished the gold standard and replaced it with a currency with no value, the U.S. dollar. [1] Bitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously. [18] The banks and governments of the world tremble in impotence and fear before it’s relentless rise to $1,000,000 per Bitcoin. [2] Bitcoin enables the creation of trust platforms that function in lieu of government, be it in the context of international trade between countries or in the context of private property transactions between individuals. [3] Although 2017 was an excellent year for cryptocurrency owing to their meteoric growth, it was revealed that neither Ethereum nor Bitcoin in their current iteration would be capable of competing with fiat on a global scale due to their limited transaction throughput. [8] The cryptocurrency is down about 50 percent this year, and more than 60 percent off its all-time high hit in mid-December.Since then, bitcoin hasn’t consistently hit a technical level known as the “Upper Bollinger Band,” said Frank Cappelleri, executive director, institutional equities at Nomura Instinet. [1] The release of these tokens could be a bullish indicator for the bitcoin price (and by extension the wider cryptocurrency market), considering, of course, that the owner could hold them for an indefinite period of time before trading them. [7] That means bitcoin will have to gain about 28 percent for a rally to hold.The weekend drop in bitcoin followed news late Saturday EDT of a hack at a relatively small South Korean cryptocurrency exchange that involved lesser-known coins, and a Wall Street Journal report on Friday about U.S. regulators investigating potential price manipulation at some major cryptocurrency exchanges. [1] Would you say this is geared more towards people who are already in the space and are looking for more avenues to function, or would you say the average layman could walk in and say, “I’m looking to get into Bitcoin or a different cryptocurrency, what do you got?” I’d say it’s more so for people who are trying to get more in the industry or the business or technology; less about trying to find out about what the next coin is. [18] Bitcoin is very, very useful as a form of payment for people who are separated by distance or by time. [7] Bitcoin, which fell below $6,000 on Friday for the first time since February, reached an all time high of around $19,500 last December. [1] Bitcoin could already scale to the levels of the traditional financial system as a money by becoming much more centralized and having institutions issue IOUs to their customers, but that obviously misses the point of why Bitcoin was created in the first place. [7] EY currently audits a number of financial services companies and exchanges that deal in the major cryptocurrencies such as Bitcoin, Litecoin, Ethereum and others, and we are confident it will be possible to add business operations to these financial services and smoothly integrate the sharing of information with the movement of assets and payments on a blockchain. [1] Swiss financial services giant UBS Group may not be a fan of bitcoin but CEO Sergio Ermotti believes blockchain, the technology behind cryptocurrencies, is “definitely an opportunity” in the long term. [1]

While most commonly associated to date with cryptocurrencies such as bitcoin, they are expected to affect digital services and transform business models in a wide range of areas, including healthcare, insurance, finance, energy, logistics, intellectual property rights management and government services. [1] VC firms, typically, do not own cryptocurrencies like bitcoin or Ethereum, never mind potential, still-being-built cryptocurrencies. [1] Tech giant Apple has updated its developer guidelines to explicitly ban “mining” cryptocurrencies like bitcoin. [1] Bitcoin proponent Andreas M. Antonopoulos argues that cryptocurrencies like Bitcoin can?t be regulated no matter what. [1] Michael Strutton, the CEO at IronWood, explained in a column that if an ETF is approved by the U.S. Securities and Exchange Commission (SEC), anyone with a 401k, IRA, or an investment account with brokers like Fidelity and Ameriprise Financial can easily invest in the bitcoin market. [7] Unfortunately for the authorities, Bitcoin is decentralised software and despite their best efforts Bitcoin found more and more users worldwide, and established financial media like Bloomberg and CNBC started introducing it into the mainstream financial mindspace. [9] Bitcoin was meant to be this underlying layer on which applications like coloured coins, notary services and others were to be built. [9] There will be no nonsense like the recent censorship and years of protracted argument as in Bitcoin. [9] What it amounts to is that EOS will pick up users like Bitcoin and Ethereum never did and these users will not need to hold any EOS tokens. [9] If you can invest in startups like Coinbase, hold a little bitcoin and participate in the Telegram ICO, maybe you don?t need to upset the apple cart. [1] In order to trade bitcoin, transactions need to be verified through complex math equations, then and added to what’s known as a “distributed ledger. [1] With subsequent improvements, and an increased number of nodes (therefore, channels), it might ensure that Bitcoin lives up to its creator’s vision as a peer-to-peer electronic form of money that can be used for everyday transactions. [1] Similar to how paper money was forced to become the natural progression from gold, Blankfein explained that Bitcoin could one day become the natural progression from fiat money to digital money, and thus, although he does not fully understand cryptocurrency and is not convinced that Bitcoin will soon become a reserve currency, Blankfein said he is open-minded about the cryptocurrency market as an emerging asset class. [1] Monday’s creation of 250 million new tokens marked the first significant tether issuance since May 18, when Tether issued $250 million in USDT. The bitcoin price rose in the days following this event, from $8,100 on May 18 to $8,500 on May 21. [7] With bitcoin having broken slightly below $6,000.00 with the last days — MichaelH (), 23:11:27 6/23/18 Sat There is virtually NO chance for a rally and minimum target is 1/2 that price. [2] This was the first robust statistical finding to verify that social media and Bitcoin prices are actually linked,” Mai says. [7] When the bitcoin price declined from nearly $20,000 in Dec. 2017 to below $6,000 during the first quarter of 2018, many observers blamed new investors whose shaky hands had never endured a true bear market. [1] That’s a notable argument coming from the more conservatively minded Supreme Court, setting the stage for what is the first reference to bitcoin in a U.S. Supreme Court ruling. [7] Pantera Capital, for example, was founded in 2013 and claims to be the first U.S. bitcoin investment firm. [1] The founder of the world’s second-biggest cryptocurrency has claimed U.S. intelligence services may have played a role in the creation of Bitcoin. [1] Lloyd Blankfein, the CEO of Goldman Sachs, one of the biggest investment banks in the global finance sector valued at $87 billion, has criticized skeptics that believe Bitcoin and cryptocurrency do not have a future. [1] Apart from clearing Bitcoin futures, Solomon said that the bank has been very cautiously testing cryptocurrency trading and launching a proper cryptocurrency trading desk for its clients in the near future. [1]

The move comes at a time when the volatility of Bitcoin, the poster child of the cryptocurrency movement, has fallen in recent weeks compared to 2017. [1] Bitcoin is popular in Zimbabwe, but the government is not as enthusiastic about cryptocurrency Bitcoin ATMs are already a reality in three African countries, including Zimbabwe and South Africa. [1] However, there has been an explosion of interest amid turbulent changes in the price of bitcoin, the most popular cryptocurrency, and the hype around it. [1] The influx of new speculators has depressed the bitcoin price since these users are far more quick to sell their coins than long-term investors. [1] Miners will shut down operations or moved to mining Bitcoin Cash which also means that the price of Bitcoin Cash must increase. [9] Ethereum, litecoin, bitcoin cash and ripple are down for the year as well. [1] The negative returns come amid a tough few months for digital assets, with bitcoin losing more than half its value this year, falling to $6,600 from about $17,500 at the start of the year. [1] There are basically two reasons why an individual would want to buy bitcoin: to use it as a form of payment, or as an investment to store value. [18] For Bitcoin to possess and hold intrinsic value it had to be a protocol on which all other financial applications are build upon. [9] Inspiring as these lofty ideals may or may not be, control over self-identity in the Bitcoin economy is exceedingly relevant because it maps economic value directly to the individual, enabling her to expand economic activity within the Bitcoin economy organically. [3] The crypto-Ricardian rent represented in bitcoin is, therefore, determined by the difference in economic value that an individual obtains through the Bitcoin economy relative to what she might generate in the traditional economy. [3] The paradigm-shift that Bitcoin represents, in contrast with the traditional economy, is that it proposes software as a governance model for contractual performance, rather than relying on the social hierarchies formalized in governments that have long usurped that role of transactional intermediation. [3] Trust economies are created when transactions costs fall by virtue of shifting the organization of economic activity from the traditional economy to the stigmergic organization that Bitcoin can provide. [3] Bitcoin Cash moved in with the promise of unlimited blocksize and unlimited transactions. [9] However many of the op-codes in Bitcoin were disabled making it difficult or impossible to build these applications, perhaps because developers realise that as it was, Bitcoin could never scale to the millions of transaction required to accommodate these applications. [9] Bitcoin generates trust economies that lower transactions costs over alternative forms of economic organization. [3]

The impact of Bitcoin, Blockchain, opening new avenues of work, knowledge and societal change, that is the important thing. [1] If you read my piece from earlier this spring – Spare the Bitcoin Spoil the Blockchain – you know I won?t be making any speculative bets on the crypto market. [1] Blockchain venture capitalist Spencer Bogart says bitcoin might fall again as the fund redemption cycle for many crypto hedge funds complete their one-year cycle. [1]

Seperate blockchains devoted to one particular bitcoin exist, and at certain agreed upon points, all stuff halts for that one bitcoin and it is rolled into one state, to start all over again until a limit is reached. [2] The blockchain prevents rogues from spending the same bitcoin twice, and the miners are rewarded for their efforts by being gifted with the occasional bitcoin. [18] The really important thing about Bitcoin is not the blockchain, it’s that it has a certain combination of traits that make it interesting, useful and robust. [7] The fact that the Bitcoin blockchain can itself be forked off in the creation of patently nonsensical assets is proof that the creation of a cryptoeconomy requires more than the simple application of a blockchain. [3] Bitcoin and blockchain are not the same, but as interest in blockchain increases, many positive externalities are created for Bitcoin. [7] There exists an intimate relationship between Bitcoin and other blockchain tech that has quantifiable bidirectional effects. [7] It’s blockchain is far more bloated than Bitcoin and it’s only 1/2 the age of bitcoin. [2] We’re going to highlight a lot more applications beyond the more “old school” or darker side of bitcoin or blockchain. [18] He discovered blockchain technology through his interest in Ethereum and Bitcoin. [1]

An Australian entrepreneur last year stepped forward and claimed to be the founder of bitcoin, only to say days later that he did not “have the courage” to publish proof that he is. [18] “Let me put $1000 into this Bitcoin machine, and I will send it to my future 10 years later.” [7] According to the Directional Movement Index, Bitcoin is on its strongest negative trend since the sell-off earlier this year. [1] What was the idea and the purpose of Bitcoin? VItalik, however, is not holding to this opinion which is from some years ago. [1] Yapian, which operates the Youbit exchange in South Korea, entered bankruptcy proceedings at the end of last year after hackers stole Won5.5 billion ($5 million) of bitcoins — 17 per cent of its assets. [1] The West African nation recorded an average of $4.7 million in bitcoin sales per week in January of this year. [1] Unlike gold, bitcoin is still up 600% this past year and this is about the bottom. [2]

Ebang Communication, one of the largest Bitcoin (BTC) mining hardware manufacturers in China, has filed an application for an initial public offering (IPO) with the Hong Kong Stock Exchange (HKEX) today, June 25. [7] The public said they would rather own bitcoin than stocks? Yes they did. [2] Why, besides timing knowledge do I have absolute confidence in Bitcoin and Stock market? — MichaelH, 19:58:43 2/05/18 Mon Because as I read on the cousin gold forums so many love to HATE those. [2] I suspect stock market completed wave A down in A-B-C today — MichaelH (), 19:34:35 2/05/18 Mon and maybe bitcoin also. [2] If stock market, which most say is a ridiculous bubble — MichaelH, 5:39:18 1/17/18 Wed can double over the next months (chart from several months ago showed S&P target about 5-5.5k), then it is also possible for bitcoin. [2] I don’t think crypto’s are all over, but bitcoin? At under 9k they better fix — MichaelH, 14:19:11 2/01/18 Thu that situation where transfers took 5 days+ with a fee of 2k. [2] OK, this is my offer, a fair trade or what??? — MichaelH (), 19:21:35 4/04/18 Wed I will offer you two BITS for one bitcoin. [2] Had bitcoin just increased the block size to 8k and not gone splitsville, etc — MichaelH (), 17:14:50 2/14/18 Wed as the founder Satoshi Nagasaki (ha). said to do, but he had already disappeared, then it would have had everything going for it. [2] Even by Cliff Highs optimistic latest outlook, interviewing with Greg Hunter — MichaelH (), 8:43:00 12/27/17 Wed he said gold might be 1/3 of bitcoin. [2]

Failing this Bitcoin has to acquire mass adoption so that everyone in the world uses it and nation states hoards it. [9] Being permissionless means that Bitcoin can serve these two use cases below. [7] Lightning Network, a technology often touted as the solution to Bitcoin ‘s scalability problem, has been growing leaps and bounds in popularity in the recent months in spite of being at a nascent stage. [1] The bitcoin network works by harnessing individuals’ greed for the collective good. [18] Bitcoin was built as the only payment system that was compatible with a network economy. [3] Smart contracts represent a small albeit critical component of the overall objective of building the Bitcoin economy by providing its architecture as a complete contract governance platform. [3] Kelly said he’s noticed a lot of investors, who were buying into the ICO craze, “are actually looking to buy ether, to buy bitcoin, to buy some of these big protocols, these platforms that everything is being built on. [1] As such, its unique transactional properties allow the creation of Bitcoin powered SaaS platforms that fundamentally disrupt many aspects of traditional contract applications, far beyond “smart contracts” alone. [3] To this, Bitcoin adds trust economies and serves as its platform. [3] Contractual custodians?–? the role of a custodian is to provide the trust platform on the Bitcoin settlement layer with fully automated smart contracts. [3]

America’s third largest bank by assets, Wells Fargo, said Monday that customers will no longer be able to purchase Bitcoin and its ilk using credit cards issued by the firm. [1] “So, if most of the social messages around Bitcoin are generated by people who are biased, the sentiments on social media may not accurately reflect the currency’s actual value.” [7] Bitcoin was launched in 2009 by a person or group of people operating under the name Satoshi Nakamoto (above). [18]

Strutton noted that the result of a bitcoin ETF could be the price of BTC rising to at least $26,000 and below $44,000. [7] BTC technicalsFrom e technical perspective, since the spike in price back on December, bitcoin has been steadily going down. [1]

That rally proved to be short-lived, and the bitcoin price shed more than $2,300 in the weeks that have followed. [7] While not a full audit, the report was an important step toward rebutting allegations that the company has operated a fractional reserve, using unbacked tokens to manipulate the bitcoin price at key points during market swings. [7] They found that rather than the vocal users driving changes in Bitcoin price, the price instead changed in proportion to the comments made by users who were infrequent posters. [7] “Vocal users of social media may sometimes have a certain agenda, in this case hyping or boosting the price of Bitcoin because they themselves have invested in it,” says Mai. [7] Francisco Gimeno – BC Analyst Interesting analysis, if true, that hodlers are one important reason for the lowering prices of Bitcoin in the last five months. [1] He pointed out that the price for bitcoin is “pretty good right now” if investors are thinking short term. [1] It fell more than 10 percent over the weekend to a low of $6,647.33 on Sunday, according to CoinDesk’s bitcoin price index. [1]

Source: Chainalysis That cuts against the conventional wisdom surrounding the decline, which said that fair-weather investors — many of whom had bought bitcoin close to its all-time high — had panicked at the first sign of a downturn and sold their coins while hodlers strengthened their grip in preparation for a bear cycle. [1] Initial coin offerings (ICOs) continue to overflow the crypto universe, but bitcoin bull Brian Kelly told CNBC that the market is overvalued. [1] The SEC’s point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ether are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and relevant securities laws. [1] Cowrie shells once were such a medium but no longer are … our currency originally included gold coins and bullion, but, after 1934, gold could not be used as a medium of exchange… erhaps one day employees will be paid in bitcoin or some other type of cryptocurrency.” [7] BUT, if the same rules applies to stocks, then I spotted the most powerful measure from the day that stock market rose the greatest amount (at least in my lifetime – could be other that I don’t know about, IF that applies also to stocks I would have thought that stocks should end Tuesday, today, SHARPLY DOWN. But I don’t give too much a fig about stocks nor BITCOIN, which currently is unfeasible as anything to worry about. [2] Hyperinflation coming in 2018 -how to profit http://www.youtube.com/watch?vXUDlj4NRoY4&featureyoutu.be Why hold and silver will go up when stocks go down http://www.youtube.com/watch?vUVkpabUJ2w0 Litecoin blasted up now it is silver’s turn http://www.youtube.com/watch?vuz8vtwm4Zjc Oh, and he said bitcoin under $1k as stock market crashes. [2]

You move a little bit further and you get bitcoin that is not a fiat currency so I don?t trust, it and I don?t like it. [1] An anomaly coming up is that I stated that Santa rings the Bell on Xmas and metals take off like bitcoin on steroids, you will have to rationalize that fact to yourself, should that indeed be the case, just I will likewise. [2]

While scaling Bitcoin to billions of users over time still has a number of challenges, the situation is not as bleak as indicated in the report. [7] Bitcoins are basically lines of computer code that are digitally signed each time they travel from one owner to the next. [18] Around that time the bitcoin market crashed, and he exited out of the space. [18]

Always on the lookout for new projects, this digital marketer, writer, web designer has worked with Crypto News since 2016, as a regular news contributor and has crafted beginner guides for Bitcoin and Cryptocurrency in general. [8] Theoretically a good case for bitcoin assuming non-hackability, internet reliability, etc. Bitcoin is decentralized, others centralized, but with the “crypto” logo. [2] Young entrepreneurs in Kenya are deeply involved in crypto mining as they settle for alternative crowdsourcing methods, to raise funds for their start-ups while in Nigeria, bitcoin sales have been soaring. [1] Only 1 crypto has this property more than any single other, that is Bitcoin. [2]

Since speculators tend to own fewer coins than long-term investors, bitcoin wealth is less concentrated than it was prior to 2017. [1] We provide you with the latest breaking news from Bitcoin, Ethereum, Dogecoin and other popular coins. [8] Bitcoin as a token has no intrinsic value at all and its’ value is only derived from its’ usefulness as currency and a store of value. [9] “The silent majority are the real influencers in driving the value of Bitcoin,” says Mai. [7] The bubble has already burst and crash as in 6 months Bitcoin has lost almost 80% of its value, from 20K to close to 6k. [1]

A significant side-effect of this, it is true, is that Bitcoin is a type of money with very desirable characteristics; it is a type of asset that is novel in comparison to all others; and it is the poster-child for a promising technology. [3] A person or group called Satoshi Nakamoto published a white paper in 2008 which first set out the mechanics of Bitcoin. [1] Brian Kelly, CEO of BKCM LLC, an investment firm focused on digital currencies, said it’s “still early,” but added he saw the first signs of bitcoin making a comeback on Monday, including “quite a bit of demand coming from Asia.” [1] Lightning cannot be a solution because it depends on users first owning some bitcoin. [9] Bitcoin was first to market and has remained unassailable thus far. [9] “Appeal to authority is the old way, not Bitcoin,” a stance that he retains till date. [1] Ask following questions: Who’s in charge there? Then ask what the fuck are they doing? Who benefits from a capital lock down with a major partner in the trust management system? Point of fact Bitcoin was, past tense, their life boat to get the fuck out of the way. [2] This is a much needed pullback in bitcoin from a way overbought situation. [2]

Doing this allows a contingent workforce to be established or even to organically emerge using the Bitcoin network. [3] When institutions started introducing financial products based on Bitcoin, Bitcoin has arrived. [9] I would definitely trade a nickle for a bitcoin – even though the worth of the nickle is assured, but hey what’s one nickle? btw Nickles were forecast to be widely used as the currency in U.S. during hyperinflation. [2] Who wants to buy those futures on the long side? I suppose some institutional suckers who want a minor exposure to bitcoin. [2] Aptly named DAWN. Will it spell the end for Bitcoin? Maybe, maybe Not, but the future is exciting. [9] Bitcoin Cash is also not able to gain users apart from the disillusioned initial converts who moved over from Bitcoin. [9] Bitcoin Cash could not built on or inherit all the existing infrastructure. [9] Its popularity is low compared with cash and cards, and many individuals and businesses won’t accept bitcoins for payments. [18] Try to get serious cash out of bitcoin and you will be treated to a thorough inspection of every orifice of your body. [2]

Progress towards this sort of seamless integration between the Bitcoin economy and the traditional economy is essential and will require the emergence of consultancies with competent teams of developers, economists, and legal analysts. [3]

I don’t think many people would like to earn their salaries in dollars, pay rent in Bitcoin, buy groceries with Ethereum and compensate the hairdresser in Ripple. [5] Most cryptocurrencies – like the most popular, Bitcoin – are envisioned as a new form of money. [5] If fiat money competes with Bitcoin or any of the cryptocurrencies, one will win. [5] Maybe there will be smaller niche ones, but due to network effects there will probably be one dominant money ledger for everything and that is Bitcoin Cash. [4] Bitcoin Cash is the only chance for a worldwide sound/hard money system. [4] The crashing of BTC is likely to refocus the attention of the average user and the by the time they re-enter the space – if, unlike in this post, the BCH community focuses on itself, rather than waste its energy on trashing BTC – Bitcoin Cash will have become the leading Bitcoin. [4] In a bear market, people flee from Bitcoin BTC. That is why the price is dropping. [4] The bear market is not advantageous to Bitcoin BTC because BTC success is solely based on price. [4] The bear market is advantageous to Bitcoin Cash because BCH’s success is baaed on its usage and adoption which is growing; not the price in the short term. [4] Bitcoin cash is down vs FIAT. Bitcoin cash is down vs BTC. Bitcoin cash is down vs Ethereum. [4] If BTC fails, BCH will fail too, nobody will ever trust a coin with the name Bitcoin in it again. [4] The message here is about cleansing the system and Bitcoin BTC is the clog. [4]

It’s just as Mike said in the beginning; you can have the most secure system and well implemented technology, but a social attack on the human layer to convince idiots of something that isn’t true, like treating counterfeit shitcoins as if they were the original Bitcoin, can succeed and do immeasurable harm to the system all the same. [4] The fact is if your idiotic propaganda campaign to obscure the fact you hijacked and substituted the original Bitcoin vision with one expressly diametrically opposed to it were not so successful, the chain would never have forked to begin with, and legions of clueless halfwits like you wouldn’t be spewing technically nonsensical idiocy to justify your blatant sabotage of the product. [4] For me I prefer not to be a blockstream bootlicker, and just let them shove segwit down our throat, like cobra bitcoin says. [4] I don’t know why you are so upset as I have likely lost far more than you in value of my investments and still positive about the future and buying more bitcoin. [4] The total market value of all cryptocurrencies is $235 billion, of which Bitcoin is the largest at $131 billion. [5] The fixed mining schedule of Bitcoin implies increasing deflation if Bitcoin were to displace fiat money. [5] Bitcoin and sound money is a big threat to them, so maybe if they beat us, Ripple could win out. [4] To understand this please watch this video about the nature of Bitcoin and money itself as a ledger. [4] Perhaps, as someone told me recently, Amazon will accept payments in Bitcoin, but Amazon can easily be required to accept only national fiat money. [5]

If you love your roadmap of centralized LN and $1000 fees and a Bitcoin that is not meant for the whole world, then enjoy your segshitcoin, and let your strangled blockchain rest lightly upon you. [4] Why cant you just let Bitcoin do there thing or every other Crypto. [4] Derek Magill has an excellent article explaining how its not possible: “The fact is that the good things about Bitcoin Cash are inseparably bound up with the bad things about Bitcoin Core.” [4] Bitcoin Cash is the only real Bitcoin as a chain of signatures and a true cash system. [4] Bitcoin Cash is just the common sense continuation of this ledger. [4] The withdrawal symptoms are quite painful but in the end the healthy Bitcoin Cash system will emerge and thrive. [4]

Governments have the power to ensure money controlled by them remains legal tender, and they will certainly do so. [5] The U.S. government has not been reticent in taking advantage of its reserve currency powers in the past and. [5] Such views underestimate both the power of the governments and their strong desire for this not to happen. [5]

They have (in my opinion) infiltrated every agency of the federal government, the major press, social networks, etc. ; and are, very effectively and methodically neutralizing any competition for the reigns of power. http://en.wikipedia.org/wiki/Chekism Looks like 2018 is going to be the “Big Event” year. [2] Which nation alone responded to America’s request during the civil war — MichaelH (), 13:08:40 2/01/18 Thu and sent their fleet of ships to guard Americas coast during the civil war from other nations interference? Why were the czars of that nation executed about 50 years later and by whom? As Kameran Faily stated, it takes about 3 generations for a deposed ruling family to come back and regain power. [2]

RE: Cliff High, Astroecon, etc. — thmann (), 17:20:49 2/03/18 Sat I don’t think that is an “olive branch” he is holding. 🙂 Cliff High is no pie, he is a fruitcake; IMO. Cliff high and the Astroecon fellow have no intelligence value whatsoever, IMO. More power to you if you are making any money off their recommendations. [2] The first is due to the PoS algorithm consensus which is achieved without mining, hence reducing energy costs and ensuring the necessary emission of ETH. The second is achieved by reducing the block generation time to a minimum, as it is now easier to check who owns the largest share, rather than determining who has the greatest mining power. [8] It’s going to cause the network to break off into separate “islands”, each having its own processing power, authority, and connection to the main network. [8]

RANKED SELECTED SOURCES(27 source documents arranged by frequency of occurrence in the above report)

1. (62) Blockchain News | Blockchain Company

2. (48) VoyForums: The Unofficial Kitco Refugees Gold and Metals Voyagers Forum

3. (41) Assassination Archives – The Zeroth Position

4. (26) Virtual Currency Space

5. (22) tacitus, Author at Whats in a Name

6. (22) Segwitcoin crashing is good for Bitcoin-BCH : btc

7. (19) Whats the local cryptocurrency scene like? New conference aims to redefine that – seattlepi.com

8. (18) Bitcoin and The Blockchain

9. (17) Building the Bitcoin Economy: The Complete Contract Governance Platform

10. (16) Focusanthro – The Devoted Focusanthro Folks

11. (15) Sunrays Heights 63A – Affordable Homes Gurugram Call 981-12345-98 | New Affordable Housing Policy

12. (11) Harvard to its Asian rejects: It’s not you, it’s your personality, by Steve Sailer – The Unz Review

13. (11) Cryptocurrencies are lousy investments | VOX, CEPR Policy Portal

14. (10) The British Crown Runs the U.S. Legal System | Light On Conspiracies – Revealing the Agenda

15. (9) Ethereum Sharding & Casper | Crypto-News.net

16. (6) Tuscan Sons | Alternate History Discussion

17. (6) Main Page/Previous Conservapedia Breaking News – Conservapedia

18. (6) Green House Lounge – Page 2 of 55 –

19. (5) The Economist on Marx’s 200 years | Dissident Voice

20. (4) Links 20/6/2018: Qt 5.11.1, Oracle Solaris 11.3 SRU 33, HHVM 3.27.0, Microsoft Helping ICE | Techrights

21. (4) Business Law Prof Blog

22. (3) Full text of “The Daily Colonist (1966-05-07)”

23. (3) The Five Stages of Money (and why we?re stuck at stage 4) – New Economic PerspectivesNew Economic Perspectives

24. (2) redlanternrwc.com Page 2

25. (2) Motor City Speed Equipment, Dundee Michigan, Mark Kirby

26. (2) Fake Sunglasses Replica Sale – Page 2 of 53 –

27. (1) Asia Times | Covering geo-political news and current affairs across Asia