Incorrect when “nobody” comprises those $billionaires and $trillionaires who aren’t the sheepeople masses.


The powers-that-be are going to back Facebook’s Libra with Bitcoin after they phase out the US dollar with the coming strong dollar vortex global monetary reset. This is how they make Bitcoin the reserve currency of the world, while also onboarding all of us onto a 666 (fully tracked, centralized by a consortium of large corporations) medium-of-exchange.

You should not comment here until you have read the blog that is linked in the OP, otherwise you will make ignorant statements which have already been addressed in the said blog.


You throw around technological terms without even knowing what the terms mean. Metcalfe’s Law is incomplete because it doesn’t model the relative value and costs of network interconnections. See the following blog for your edification:

Odlyzko-Tilly-Raymond scaling


Sheepeople love to dream that the world is flat and the $trillionaires have not enslaved them. Fact is, you have no choice.


Doofus read the blog before you write more stupid shit.

Facebook’s Libra will be widely used and then they will back Libra with the real Bitcoin that wealthy people control.

You’ll be enslaved along with the rest of your worthless idiot Segregation Witless compatriot comrades.


Even after our very long discussion, you still can’t seem to wrap your mind around the Nash equilibrium of unforgeable costliness and the fact that is requires immutability. There is only one immutable Bitcoin. That is Satoshi’s “v0.1” protocol, as Satoshi even stated. And don’t repeat the same fucking argument that I already rebuked in our prior discussions. Readers can click the link to go read if they’re interested.


The Hunt Brothers weren’t the powers-that-be. They were sucked into that trap by the powers-that-be.


Lol.


Correct.

You got that logic transposed. Remember those who thought the earth was round were considered heretics by the vast majority of their era.

You’re the flat-earther. I can think outside the peer pressure box and propose a theory about the earth being round, which is heretical inside your mainstream world.

But thanks for making my point for me.

Which in turn is capex, e.g. solar panels run during the daytime to lower average cost per KWH. Solar panels are as low as $0.02 per KWH now and costs are dropping 20% for every doubling of production per Swanson’s Law.

Also you seem to not appreciate that the payback duration on the mining hardware is dominated by the hardware costs, not the electricity costs, especially for Ethash.

Thus @realr0ach doesn’t really have any holistic point. You seem to liter argumentation with irrelevant details because ostensibly you think being correct on every irrelevant detail is meaningful. That is the myopic mindset of a “nuts & bolts”, shirt-pocket-calculator engineer, but not the mindset for greatness and leadership. I prefer to attempt to extract the relevant from the irrelevant.

Absolutely not. You didn’t even grok the holistic meaning, implications and implied context of what I wrote.


Wealth, money, and even cryptocurrency (as well as all fungible resources) are power-law distributed. This means roughly that 80% of the people have less than 20% of the wealth. And the top 20% have more than 80%. The top 1% has nearly 33% of all wealth, money and cryptocurrency.

Thus for liquidity, the wealthy must trade between themselves, because the minions don’t have enough. That is why OTC markets exist, so the wealthy can find the liquidity they need, with a broker that matches wealthy clients for trades. It’s as if you don’t even know what distinguishes an OTC exchange from a “lunch money” exchange.

The wealthy own the “bucket shop”, lunch money exchanges which are the “casinos” for the minions. They create these gambling “casinos” so as to siphon off the meager 20% from the minions so that minions are entirely enslaved. This has always been the reality of the human civilization. Most people are destined to be slaves, because they are retarded.

Any exchanges hodling their BTC in Core addresses will be destroyed. And then the wealthy will replace them with new exchanges. Wash, rinse, repeat.

Even you can imagine that some huge wallets stored in Core addresses will be donated to the miners wherein surreptitiously the miner taking a SegWit donation is the original owner of those SegWit (UTXO) tokens. So in that way the wealthy owner of the exchange is able to surreptitiously steal everyone’s tokens back to himself without anyone being capable of knowing he did this. The wealthy are cunning and not retarded. Then create a new exchange. Wash. Rinse. Repeat. You fucking retard, do you have no clue about the way the real world actually functions. Your retarded snowflake fantasy does not exist except as an illusion in your 95 IQ brain.

Also not every exchange uses Core addresses. For example Bitfinex hodls their main wallet in Legacy address, not Core shitcoins.

I’m warned to never argue with an idiot because they’re incapable of perceiving (or even being embarrassed of and circumspect even to limit) the blight and wastage of the retardolade they spew:




The word ‘majority’ is not the word ‘whole’.

The economic majority is not the same as the economic whole.

The distribution of token hodlings is not uniform and thus the demographics have different vested interests. The economic minority which includes 80+% of the people (i.e. the retarded sheepeople) want a snowflake fantasy life which does not and can not exist.

The smaller number of individuals who comprise the economic majority want to protect the unforgeable costliness of Bitcoin because otherwise they and Bitcoin would fall into the woodchipper of politics (which would ultimately lead to debasing the token supply, stealing tokens such as Theymos’ proposing to nuke Satoshi’s tokens, and competing forks with no Schelling point nor Nash equilibrium). And by now the wealthy love to enslave all of you retards, because you retards always want to destroy everything. Besides it’s so easy to do, so entertaining, and because if they didn’t do it, someone else would.


Foolish bunny brain, you’re going to fall into the woodchipper. I already explained numerous times why your node counting nonsense is retarded. There is no need for me to repeat my slam dunk arguments over and over again.

You retards simply will never be capable of grokking how empty your brains are.

---

No one is promoting. Do you see a fucking advertisement for a shitcoin such as that one on your forum signature?

I am pointing out facts for benefit of intelligent people who do not want to lose all their BTC.

You’re a retard who is going to lose all your BTC. You have not understood anything you have read here. How low does your IQ need to be in order to be so incapable of assimilating logic.


Hey idiot, the real Bitcoin I am referring to is not BSV. I have many times made that clear. You fail to even fucking read, and then you fall into the woodchipper because you do not understand what you are attempting to read. The real Bitcoin I am referring to is Satoshi’s immutable “v0.1” protocol which contrary to your retarded bunny brain illogic, is still running as Bitcoin. The Core “soft fork” is compatible with the real Bitcoin until the SegWi booty piles up high enough, then it becomes a threat to the Nash equilibrium which provides a single longest chain. And the Schelling point becomes to take those donations to restore the security of the chain. That P2SH (i.e. 3 addresses) booty is already 6 million BTC! At $50,000 that will be a $300+ billion booty dangling in front of the miners’ faces. You retards are delusional if you think the miners are not going to take it. They can for example with $300 billion buy all the ASIC production for the foreseeable future to make it so.

If you think my purpose is to earn STEEM tokens or argue with retards, then you’re not very astute.

Do you fail to understand that I have been sent here to warn you, because the wealthy have a code of honor and must warn the minions before they fleece them. So that there is no fault on their side when you retards destroy yourselves as you always do.

The retail investors never came back into the stock market after they got fleeced in 2008. The supply of greater fools is not unlimited. The boomers are getting old and more financially conservative. The Millennials do not have any money.

This turn up for BTC appears to be institutions taking over, as they replace the shitcoins with Facebook’s Libra and then prepare to back Libra with Bitcoin after the Core riff-raff are fleeced with the SegWit donations (c.f. also the BCTalk thread).

My point still stands, and you are bat shit crazy if you actually believe that people know about bitcoin... which is the main relevant point.. 

why the fuck else talk about it... you are merely trying to suggest that adoption is widespread, and it is not.. that is the relevant point.

.. so who cares whatever the fuck you actually said because your implications are clear, you are leaving a kind of implication that many people know about bitcoin and they do not.... so don't be getting conveniently caught in technical details about what you said when it is sufficiently clear that you are spouting out inaccuracies.. because the essence of what you are saying seems to be a purposefully misleading statement because it suggest inaccurate facts about adoption and/or opportunities for adoption, which is surely not even close to the case.   

Pretty well everyone I know has heard of bitcoin.

In Japan at least, there have been plenty of front page news stories about Bitcoin.   I bet almost no one here knows about Enron.  

the essence of the reality of the matter is that an overwhelming majority of people do not really know bitcoin beyond having had heard the name, so anyone making suggestions, including Traxo, that everyone knows about bitcoin is engaging in a kind of exaggeration that is not even close to our actual facts on the ground situation.

Everyone heard about bitcoin by now.
"heard about" or "know about"?

Today I had a class (I teach electronics as a side activity to my main job). We were talking about digital stuff, gates, etc. One thing led to another and we ended up talking about Bitcoin. I felt like Andreas Antonopoulos on stage...

Some statistics:

-- Most students hadn't even heard about Bitcoin, and those few who had were all males, no females knew anything about it. However, the females were very interested, especially when they realised it can be very profitable.

-- Most students hadn't even heard about Bitcoin

-- The few students that knew about it were mostly misinformed about what it is and how it works.

-- The entire class (about 30 students) was ecstatic. They really wanted to know and understand it. We skipped all breaks, they wanted to stay in the classroom and learn about it.

-- Many of them wanted to buy. Many downloaded wallets on their phones. Some purchased online versions of Andreas Antonopoulos' book.

That’s correct.

But alas all the other fools in this thread forget that this “economic majority” (i.e. the ones with private keys hodling BTC) have not yet been asked to decide between Legacy and Core yet. That is because Core did a scammy “soft fork” pretending that miner signaling is equivalent to the economic majority. Those are not the same given that miners follow the economic majority because the coin with the greatest value can pay the most minted rewards and fees to miners for security.

That economic majority “vote” is coming soon. The impostor Core “soft fork” will be forced to defend its scam protocol by hard forking when the SegWit booty piles so high (millions of BTC in non-Legacy addresses) that some miners are incentivized to take the SegWit donations, which are “anyone can spend” (i.e. lacking a signing key for spending) in the Legacy protocol. At that juncture (which Craig Wright claims will be at the halving May 2020) everyone must decide which fork (Legacy or Core) to support.

Yet those who have been hodling their BTC in Legacy addresses anticipating this event, will receive a free airdrop of Core shitcoins for dumping (so we can buy moar Legacy BTC) while retaining their Legacy BTC. Whereas those idiots hodling their fake “BTC” in Core addresses will only receive Core shitcoins after this hard fork, so they will have no Legacy tokens to sell, . The Legacy miners will receive all of those idiots’ BTC in exchange for the miners protecting Satoshi’s immutable protocol from attempted forgeries such as Core.

Remember the value of Bitcoin only exists because of Nick Szabo’s unforgeable costliness. For Bitcoin to have any value going forward, the unforgeability must be defended and thus Core and its mutation of the protocol must be defeated. Bitcoin is not destined to be a transaction system for the masses. The powers-that-be have put Facebook Libra here for that. The powers-that-be (who may be indirectly paying some of these trolls in this thread to lie to you, because fleecing the minions is an integral part of their master plan of how to transition the world to Libra) put Bitcoin here to ultimately be a store-of-value only for the uber wealthy and reserve asset for the “stablecoin” Libra system after they destroy the value of the dollar with Bitcoin. The uber wealthy do not give a fuck about the “cute bunny rabbit”, witless minions and will gladly slaughter all of you taking the SegWit donations for themselves and kicking all you fools off onto the Libra 666 enslavement system. Get a fucking clue people. This snowflake world does not exist and was only propped up with debt. Now we head into the Grim Reaper payback period of misery and gnashing of teeth:

https://steemit.com/money/@anonymint/rise-of-hard-money-is-a-harbinger-of-misery

All the fools who think I am a nutjob are going to lose all their BTC. That’s going to be very funny. I tried to warn them, and they were too stupid to understand English. Lol.

Of course the paid trolls will reply with more vitriol because they’re very angry if they can’t achieve their objective to slaughter all the greater fools. They hate me for telling the truth. Of course they will spin it the other way. Readers just need to go read the entire linked discussion and think clearly.

Remember I told you so. And remember these other trolls tried to fool all of you. I will be vindicated as I always am.

P.S. A couple of weeks ago I predicted this:



And voila correct again:

---

 “Soft forks” via miner signaling just delay the decision of the economic majority about the consensus.

When Core is forced to fork off after the Legacy protocol takes the SegWit UTXO as donations, then the economic majority will finally vote on the Core hard fork which has been masquerading as Bitcoin when in fact it has no claim to be Bitcoin, because the economic majority has not voted yet.

---

Indeed. I invite readers to re-read the linked thread where I already refuted your vacuous posturing. Some idiots who lack the ability to think clearly may be convinced by your nonsensical points, but that is okay because those idiots will lose all their BTC because they lack the intelligence to be worthy investors.




Anyone with above average intelligence can see that you’re not very intelligent.




You continue to use this vacuous nonsense even though I already refuted in the cited thread. No need for me to repeat all my arguments again here.

The Legacy nodes can be turned on in 1 minute when the time comes. Miners go where the money and economic majority go. There is no technological difficulty in enforcing the Legacy protocol. Seesh there’s $10+ billion at stake here. You think the powers-that-be can’t afford programmers and a secret testnet that you can’t see.




The economic majority always sells the protocol which has mutated from Satoshi’s protocol and hard forked away from Satoshi’s immutable protocol. Because unforgeable costliness is the only attribute that gives Bitcoin any value. Without immutability, then politics could create unlimited forks of Bitcoin diluting the money supply. Also politics could potentially even raise the money supply limit of a fork. Politics is a slippery slope and reduces trust. That is why Satoshi locked the protocol at “v0.1” as he wrote. We discussed that already in the linked thread and quoted Satoshi. I will not rehash all of that again here. The readers can go to the linked thread instead.




Correct. The economic majority will not opt for the Core fork when it finally is forced to hard fork off from Satoshi’s Legacy protocol, because Core is a bug that enabled miners to spend Core’s “anyone can spend” BTC (presumably to themselves) and the only way to permanently repair that bug is to “burn their fingertips up to their armpits” of those foolish enough to hold Core addresses which donates their BTC to the future security of Bitcoin gained by punishing those fools who use buggy client software that spends their BTC to “anyone can spend” addresses. Who is foolish enough to be scammed by Core into spending their BTC to a “soft fork” that does not exist? Apparently we have a lot of fools in this world.

In short, the Core scam Bitc0n-job has caused BTC to be lost by convincing people to spend their BTC to “anyone can spend” addresses. How foolish is that?

Even Trezor still supports Legacy addresses. If users are foolish enough to configure their wallet to use Core’s scam, they deserve their fate.




Anyone with above average intellect can see that you are not the sharpest tool in the shed.

---

Incorrect. Satoshi’s immutable protocol can’t fork from itself. Blockstream invented this term “soft fork” which really means:


The “soft fork” exists only as an illusion for obedient idiots who huddle together in bankrupt “democracy” to destroy themselves as per the following depicted example (click the image to read about it):






The uber wealthy who control most of the BTC don’t give a fuck about your worthless lunch money exchanges. They trade on the OTC markets in size. The exchanges exist only to take BTC from greater fools.




Indeed! Core is effectively stealing your BTC (and eventually forcing miners to take it as donations for the defense against Core’s political corruption) by convincing you to spend your BTC to unrecognized addresses. The Core protocol is not Bitcoin. It is a hard fork masquerading as a “soft fork”. Only worthless fools incorrectly hallucinate to imagine and profess to the faithful that “really this is Bitcoin because we all voted and we will stand together near the cliff when the hard fuck/fork off comes”.  

The economic majority decide. And you worthless fools are not the economic majority.




ftfy.




So you’re calling for censorship.  

You want to force everyone to trust Core. Bitcoin is a trustless system, not a system that relies on politics for its survival.  

Note @Traxo and myself “arguing” about religion as some evidence that he is not my sockpuppet. You may also ask mods to check my IP address (I still login in the account in my real name) and note that both of our IP addresses are ISPs (mine in Philippines and his in Eastern Europe) so it’s impossible we are both places at the same time.

You’re dumber than a decaying tree stump.

Do you have a proof of that? By the way, I put my real name on my posts. What is your real name? Who is paying you to spread disinformation to fool the readers?


Thanks for linking to the thread where I wiped your face in the facts after you accused me of being a “nutjob”. Readers can read and decide for themselves who is correct, based on the facts that have been presented.


The altcoin is “Core BitcOn” (aka Bitcoin Core developed by Blockstream), because “soft forks” do not exist except in the minds of people who think the game theory of proof-of-work has anything to do with anything other than Nick Szabo’s unforgeable costliness. The original, immutable, 1 MB blocks Satoshi “v0.1” Bitcoin is the and will forever be the only real Bitcoin that has unforgeable costliness. All forks of Bitcoin do not have this property. Core will be forced to hard fork and admit it has been an impostor. And then it will die along with all the other Bitcoin impostor forks such as BSV, BCH and perhaps also LTC. There is only one Bitcoin. And sheepeople love to be manipulated by propaganda and thus separated from their wealth. Cast your pearls at swine and you can join them when pigs get slaughtered. This is not anger. This is just reality. How I wish I could teach sheep to not be fools. As the Bible says, get some salve and apply it on your eyes so you can see more clearly. You have expressed your unsubstantiated derogatory character assassination opinion of me. Whereas, I have written diligently to explain the facts for those who want truth.

Bitfinex to introduce 100x leverage...

I now posit that cryptocosm will appear to be nearly dead from 2024.³⁵ – 2028.⁶⁵.

Following up the discussion above and in further support of this conceptualization of increasing volatility and collapse for the fake Core BitcOn (which everyone thinks is Bitcoin) whilst the legacy, real, immutable, Satoshi “v0.1” Bitcoin will continue rising but most people having been fooled and thought Bitcoin had died as the price and the Bitcoin forgery named Bitcoin Core craters to ~$775, it appears that crypto is being intentionally pumped up now for a big crash (perhaps May 2020 at the halving) so that public confidence can be directed towards Facebook’s 666 Libra as the 2020.⁰⁵ – 2024.³⁵ private wave gives way to the 2024.³⁵ – 2028.⁶⁵ public wave before the final phase transition moonshot private wave peak in 2032.⁹⁵

You Can’t Keep Your Bitcoin Nor Gold  

The rest of us will be fleeced, including those hodling Bitcoin or precious metals,  
both of which will be targeted by capital controls and radicalized taxation (such as the G20’s global minimum tax) aimed at impoverishing everyone  
but the powers-that-be so they can move all of us onto 666 Universal Basic Income slavery.

We’ll be kicked off of Bitcoin by:

• The coming Core donations “attack” which will donate all your Core BTC to the miners (actually Satoshi’s clever game theory defense mechanism against the Core con-job scammers). Read the entire linked thread, to learn how to protect your Bitcoin from this “attack”.
  
• The insoluble flaws in Lightning Networks (c.f. also)
  
• The skyrocketing transaction fees of the “legacy”, one-and-only, immutable Satoshi “v0.1” Bitcoin with immutable 1 MB blocks (i.e. not Core, BCH, nor BSV) that will be the only “Bitcoin” that survives and appreciates to greater than $1 million within this decade.
  

I explained in a post upthread that CSW is providing advance notice of the SegWit donations taking which will destroy the Core BitcOn altcoin/shitcoin probably at the May 2020 halving event:

https://bitcointalk.org/index.php?topic=5147618.msg51306669#msg51306669

CSW has recently clarified that this is indeed the plan:

http://web.archive.org/web/20190720165108/https:/twitter.com/riverish333/status/1152575517176020993

So he clearly is planning to dump the BTC ticker (aka BitcOn Core). But what he is not telling you is that his group (or backers, which are probably the global elite) will be hodling the legacy Bitcoin (aka the immutable Satoshi “v0.1” Bitcoin). Again do read the linked Rogue Wave thread for more information.

Note where CSW states the BTC he will dump is less than 5% of the outstanding token supply, he is arguing that he is in legal compliance and thus not manipulating markets. Also he has provided advance public notice.

Craig Wright (CSW) has also confirmed my aforementioned expectation of selling Core BTC for Tether and other USD pegged assets:

http://web.archive.org/web/20190802201319/https://twitter.com/riverish333/status/1157272246890745856

So the SegWit donations taking restoration of legacy Bitcoin (and the attempted destruction of the forgery known as Bitcoin Core) is now entirely confirmed for the Bitcoin halving event in May 2020.

Have you ever heard of In-Q-Tel and its relationship to Fedbook.

How much kompromat do you think Fuckbook (or moreover the Five Eyes) has on every politician?

Connect the dots folks.

LiTeCoin has been going up fast lately, so that rates file is probably quite out of date by now regarding LiTeCoin.

It is generated along with all those other tables ( http://galaxies.mygamesonline.org/digitalisassets.html ), lately only about once or twice each month. You can see from the dates on the other tables that the last time it was run was June 1st 2019, so those "Latest rates" are as of then.

Note originally written June 16


In one of the possible scenarios I have speculated about based on fractal patterns (and corroborated with the stock-to-flows model), there would be a re-acceleration analogous to the nascent period before 2012 when the NVT signal was orders-of-magnitude higher.

Essentially the higher NVT signal indicates a smaller liquid float and/or more BTC activity offchain, which in prior bubbles probably meant activity on exchanges. That was the case during the said nascent period when there was no reason to transact in BTC other than buying a pizza for BTC10000. And lately we have numerous new stablecoins on exchanges (for pumping the price before Craig’s claimed plan to attack at the halving), Bakkt, and Lightning Networks all offchain.

So the point is the NVT could potentially go much higher before any significant decline.

We could be possibly see a significant spike BEFORE the halving with a collapse in the Core altcoin price to ~$775 at the halving and with Satoshi’s original Bitcoin (not BSV nor BCH) skyrocketing towards $1 million before ~2028. I have speculated that in such a scenario, the price could launch up to possibly $78k quite abruptly possibly even before the halving. Or perhaps only up to between $10k and $18k.

(click links for charts)

You may end up eating your hat.

Dammit I did not want to reply to this thread again. But you essentially incorrectly summarized the thread and will cause new readers to think that there is not something much more important discussed in this thread than Craig Wright.

My posts in this thread have explained why Core BitcOn is a fake/forgery. And that there will eventually be huge donations of more than half of all the BTC from those who hold the Core fork of Bitcoin back to those miners who will mine Satoshi’s original, immutable, one-and-only actual Bitcoin. This “real Bitcoin” is not BSV nor BCH. It is the Bitcoin that never stopped and will never stop being the one-and-only Bitcoin. It is the Bitcoin with 1 MB blocks.

---

Also I am replying because I tried via private messages to get @jbreher and @pereira4 to clarify their debate, but apparently they’re unwilling to do so.

Essentially I believe the point @pereira4 is trying to make is that if the block sizes become too gargantuan then there is some size at which offline user clients would be unable to validate the blockchain because their computational power could not keep up with the rate at which new transactions are added to blocks. Each full node client (even if offline) has to validate every transaction in every block. That is what makes proof-of-work trustless, unlike proof-of-stake which is proof-of-nothing because due to the nothing-at-stake problem, validating clients had to actually be online always to know whether a blockchain was the “longest” chain.

I have not done the computations to determine what size of block would meet @pereira4’s presume criticism. That is not the main criticism against BSV.

---

Sorry friend but you are provably incorrect.


Our protagonist Craig Wright (a scammer[1]) has attempted to modify the protocol of Bitcoin, converting it into a fiat with centrally controlled block sizes. Any reply you make has already been discussed upthread. You’ll just be beating a dead horse as there are no new arguments that can be made.

Anyway, you will learn your lesson the hard way, by losing your BTC. Enjoy.

Q.E.D.

---

[1] https://www.reddit.com/r/btc/comments/9sexx0/craig_wright_actually_did_completely_original/
https://www.theblockcrypto.com/2019/06/15/craig-wright-sees-motion-to-compel-him-to-reveal-his-bitcoin-holdings-granted/

Here follows a recent quote from the Trilema.com dude who claims to have 0.5 million BTC:


The Trilema.com folks just hate the fact the idiots in collectivism always make the wrong decisions. The “power rangers” are Core/Blockstream and their fake BitcOn Core.

They do not care if these idiots and all their followers (which also includes all the idiots who think they have a vote in democracy) perish. Because they see that all the trouble they create.

Although I agree with the problem, I do not agree with their eugenics/genocide solution, because the power-law concentration is a “nobody left standing” phenomenon if not counteracted by the breakdown of order in nature.

My goal for a solution is to find technological means to enforce decentralization.

P.S. Someone should post that in the Long-term advance notice thread to remind them that the Trilema.com dude is still preparing to join in the destruction of Core BitcOn.

Readers for your edification about reality:

http://trilema.com/2015/if-you-go-on-a-bitcoin-fork-irrespective-which-scammer-proposes-it-you-will-lose-your-bitcoins/

http://trilema.com/2018/how-to-piss-me-the-fuck-off-a-guide/

http://trilema.com/2016/to-the-dao-and-the-ethereum-community-fuck-you/

http://trilema.com/2016/how-to-participate-in-the-affairs-of-the-most-serene-republic/

http://trilema.com/2014/interacting-with-fiat-institutions-a-guide/