Where there is a Bitcoin Banana Tree and ripen Bitcoin Banana, ofcourse you will find Bitcoin moneys around trying to hack and steal people's Bitcoin. So, it is essential to create a Blockchain court of Justicce to make correct judgement, while the nation sate government's justice system is colluded with bribery.
if you think we can do something to find solution for crack hole in the lagal system we must use cryptography solve some problem. In rat race of capitalism and inheritance rights plutocracy there is no solution for victims. so, lets try our best to find a better solution for social justice.
the funny thing is this.. if there was a court system where people can vote on if btc was stolen where the node judgement verdict by peers then allows the funds to move from said UTXO to the determined victim without needing a signature of the UTXO.. becomes its own break in bitcoin law. whereby scammers will say that they owned certain stash of coins and want them back and get alot of sybil nodes to vote to favour the scammers story. and boom. scammer gets the coins again moses has spouted out a "product" he wants to promote.sell. before doing any initial planning/prototype/theory about how his product will function so here is a challenge for moses. you say some social drama about real world court systems are not perfect.. we get that but now give an example of how you envision your "bitcoin court" to function give us the layout and functionality you envision lets see how much you have actually thought about your promoted product you want others to make for you. show us how you fore see the jury system to work. how the jurors then vote. and how to enforce that judgement to rectify an in justice lets use a example scenario EG imagine there is a dispute of 2 people saying they both own the same stash of coins. or one side makes a claim over a stash but lost the privkey and the true owner just isnt around anymore to defend against such claim. now lets see how you envision a bitcoin justice system |
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i do laugh some times
politician and big banker businesses go to meetings and organise lobbying efforts to push other politicians to write things into law
someone in bitcoin community tells people to "fight" ... by wearing a sticky
to truly want to keep paper/polymer notes in circulation. needs to be done via petitions where by people in a politicians constituency(region/states) receives enough signatures that enough of the people they represent do not want the removal of paper/polymer notes. sways the politician not to push for paper bank notes future removal
thus if enough politicians see that they wont push so hard(or risk no being voted in again next election day), then it can stop such activities going forward.
along with a lobbying effort by big players that also want to see paper/polymer notes stay in circulation to fund a campaign to keep paper/polymer nots in circulation.
however.. this push FOR CBDC is not citizen led its IMF and BIS pushed. along with those big businesses of WEF
(in short: big bankers/payment services)
bankers hate having to handle paper notes. they hate how visa/mastercard are taking nice fee's leaving to pay the costs of cash handling.. the bankers want to earn the fee's and not left with the costs of handling paper money
you are not going to win a fight over their motives.. with stickers
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lets see which deals playout after DCG(grayscale) get another answer from the appeals judges "shortly after feb 3rd"
Fascinating analysis. But I wouldn’t hold my breath for the SEC decision. I really cannot see them changing their stance, so far. I do hope being wrong, of course. well its not "sec" its a court of appeals. so its kind of he last leg of arm twisting and final verdict on decisions. atleast by that date soon after feb 3rd its a more tangible bit of clarity about where grayscale sits in the chances of a EFT being accepted if not then grayscale and all other "trusts" need to go back to the drawing board of how they set up their trust contracts and organisation. becasue obvious current generation of template they are proposing doesnt fit the SEC demands however if it is allowed then all other companies can start making their "trusts" using the same template becasue they then have a precedent to follow |
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back in the 2013 era there were talks a government digital currencies but the buzzword CBDC didnt become a come buzzword till later years
back then(from memory) they used buzzwords more like DLT (decentralised ledger technologies)
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the thing is if google had better algo's they would not need to see government want to force google hand in moderating
take the youtube crap where everything bitcoin related has scammers commenting to all viewers with whatsapp numbers.
its friggen easy for google to make an algo to instant0ban anyone maing accounts with funky fonts that are mostly numeric
even things like the fake tesla accounts that show a old livestream about crypto but then have chat bots promoting scams. that can easily be banned by google.
by moderating scams. they then wont need to have laws changed to force them to moderate scams that can be moderated
it does not need to involve "overwatch" personnel to be hired. it involves simply better detection algo's
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most BNPL are not people that cant afford things. BNPL is not really used much on items over $1k
BNPL is used mainly for those the 'could' afford it, but simply dont want to see £$20-£$100 just go from their bank in one shot
their thinking is 'rather then see $100 go now i can see $10 go per month for 10 months of the 12 month 'interest free' period
their problem is doing this YY times a year ends up they then see YY x $10 go from their bank=$YY0 again.. but locked into paying $YY0 a month for multiple months.
EG
where buying $100 in groceries per week, via BNPL feels like "oh its only only $10 a month for 10 months, i can afford that". but doing it each week means they are ending up with $440 a month payments by the 10th month, and continuing that cycle because they are now obligated to pay that.
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I don't think Sam Bankman Fried go to jail. Since he was denied bail in the Bahamas. Bankman-fried has been held at the fox hill correctional center in nassau with five other people.
^ old news from december since then he has been moved to america, went to court in america and given bail and currently living with his parents. the trial is set for october 2023. i hope you are upto date now |
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Are you trying to create FUD or whatever?
To program a Quantum computer it cost up to $500,000 or more,
forget hacking "bitcoin" instead think.. bruting #4 on bitcoin richlist Balance: 124,347 BTC 2,635,389,906 USD https://bitinfocharts.com/bitcoin/address/1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCdthat said the topic is FUDing timescales and misunderstanding the differences between EC and RSA Give me a mathematician, a cryptography engineer and a quantum computer, I will brute force that address in a few weeks. Problem with finite numbers of private keys is that you just need enough computational power to crack a cerain key, there is also no need for knowing a public key etc, it's just pure science. that address is already a re-used address, so its ripe for the pickings(PK exposed). more so than satoshi's block 9 re-used address, more so than average joe only hoarding sub 1btc per address |
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5.5 billion were recovered, including cash, crypto assets, and securities. But the amount that FTX has to pay to the victims is estimated at 10-13 billion, so I think it is very difficult for retail investors to receive compensation. I think FTX will prioritize compensation to large shareholders and companies so that they continue to avoid bankruptcy and cause more collapses. And for retail investors really too fragile to receive any compensation.
be aware.. those numbers include the VALUELESS/worthless crap token FTT where by some of the users "balance" were deemed worth X due to 2021 highs. rather than their deposit amount what users expect is the high. but what accountants will end up showing will be a lower balance value based on a non high month |
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if you want to know statistics of how "fast" a country can implement and default a CBDC. look at how the UK swapped from the cotton/paper bank notes to polymer notes. and also how the queens face will be replaced by the kings face and swaps not redeemable after X date in short: 1 year+100 days (15months) is one example in reality of taking old cash out of circulation to replace it with new style 'cash' https://www.bankofengland.co.uk/news/2022/june/100-days-left-to-use-your-paper-20-and-50-banknotesThe Bank of England will be withdrawing legal tender status of paper £20 and £50 banknotes after 30 September 2022.
After this date, paper £20 and £50 banknotes will no longer be legal tender. So we are encouraging anyone who still has these to use them or deposit them at their bank or a Post Office during these last 100 days.
It is also exactly one year since we issued the polymer £50 banknote featuring the scientist Alan Turing, on what would have been his 109th birthday. The Turing £50 completed our family of polymer notes, with all denominations (£5, £10, £20 and £50) now printed on polymer. |
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Let me disagree with the assessment.
so that the system is quite beneficial to everyone - the consumer, the financial sector, manufacturers, sellers. Without the movement of money - the economy begins to die ....
But we don't know how many of the people used the feature wisely to tackle their temporary financial hardship by splitting the bills and paying in multiple installments but my assumption is mostly people used it to buy luxury items which are not really needed for them but for the sake of pride statement and buy now pay later is same as credit card trap but covers almost everyone even who doesn't have credit line to have one so they opt for these kind of small installment plans and trapped them. 2 in 5 people used further loans to make repayments of initial BNPL https://www.finder.com/uk/buy-now-pay-later-statisticsMoney from their: current account 52%Credit card 26% Savings 23%Bank overdraft 9%
Borrowed from friends/family 7%
Personal loan 6% Payday loan 5%
Guarantor loan 3%
Other 8%1 in 4 people used further loans to make repayments of initial BNPL as for what they buy.. https://www.finder.com/uk/buy-now-pay-later-statisticsOne-third (33%) of BNPL customers have used the service to purchase casual wear clothing. With many online fashion brands such as ASOS, boohoo and SHEIN accepting BNPL services, this is a popular way to afford clothing, especially for the younger generations. After casual wear, eating out is not far behind with 31% of consumers using BNPL to pay for trips to restaurants. These are followed by beauty products, with one-quarter (26%) of consumers paying for these using BNPL services.
Technology purchases (22%), travel (19%) and home improvements (19%) follow. Perhaps worryingly, 14% of consumers use BNPL to pay for their rent.
mostly paying for clothes, fastfood and beauty products (small purchases under $£50) so in both separate statistics ATLEAST 40% are unwisely using BNPL so in both separate statistics ATLEAST 25% are unwisely managing BNPL repayments |
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a protein is a chain of amino acids
chain of words(sentences)
amino acids are a cluster of carbon oxygen and hydrogen
letters of a word
when a certain skin, organ or muscle group has a known format of sentences(proteins) it expects. but where it can spellcheck an error word(damaged cell/cancer) if can autocorrect the word that is needed to replace the error word with a better word which fits and latches onto that paragraph to repair the sentence
by working out the exact word needed to fit the context/grammar of the sentence
doing this my hand and human mind would take hundreds of years, but a computer can do the same job as man's mind in milliseconds
its not just replicating a similar protein to the skin/muscle/organ. its also knowing how atoms interact to attract or repel to combine into such structures. to know how to remove bad proteins and replace with good proteins
thus a medication that has the remove bad word and proteins of the replacement word then fill the gap
..
i can also see this evolving into analysing protein fitness to develop "lab meat" to, in distant future have the perfect meat/supplement that will help heal people faster and more efficiently via diet choice
EG "is your bicep more like lamb or chicken. get your answer to fit your diet"(well more like pork)
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Are you trying to create FUD or whatever?
To program a Quantum computer it cost up to $500,000 or more,
forget hacking "bitcoin" instead think.. bruting #4 on bitcoin richlist Balance: 124,347 BTC 2,635,389,906 USD https://bitinfocharts.com/bitcoin/address/1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCdthat said the topic is FUDing timescales and misunderstanding the differences between EC and RSA |
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looking more into the "valkerie" stuff i started looking into a fortnight ago (i know im slow on this one) so valkerie mainly funded/owned by Justin sun justin sun made a tender offer of his own personal wealth of $1b to finance DCG/grayscale to do the share dissolution(buyback) which means justin sun would end up with the $2b of btc that get unlocked. (though grayscale/dcg may also just self/elsewhere fund that option and not use justin sun) and separately justin sun(via his majority ownership of valkerie) made another offer to grayscale to want to invest under $6b(share value not asset value) to become the sponsors of the trust and just take grayscale out of the equation of the GBTC trust so it turns out although brand valkerie was just a IT technology company a few years ago. justin sun is the head guy backing valkerie to become a hedge fund
i did see all the pieces a fortnight ago, but didnt put the effort to stitch it al together until nowlets see which deals playout after DCG(grayscale) get another answer from the appeals judges "shortly after feb 3rd" |
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How do you know you are buying anything if they won't give it to you?
Reminds of how many people buy gold and silver. All you get is a piece of paper that says you own this amount of gold.
Maybe you do, maybe you don't. Why people want to buy anything that way is beyond me.
They may decide to one day shut down the company and run away with all the customer money and there is nothing you can do about it.
you "own" the account, thus have "request rights" of actions on how to trade the internal balance. however you cant remove the balance as the asset unit. it needs converting back to fiat to escape with fiat. meaning if they had a loss on the "btc balance" where eg a hack happened. which usually means they throw their business into administration(things like bankruptcy to shuffle value around and eventually fight in court about how much to repay people many many months-years later) because its in "btc" balance and not fiat, they escape the deposit protection scheme claim procedure. meaning holding 'btc balance' means their customers wont be just getting a cheque in the mail from german government the same month. EG when you go to traditional bank to invest in tesla. although you deposited fiat into bank the "product" you hold is not fiat. thus the euro deposit protection compensation scheme does not apply to that "balance" it would be better if able to(quick enough) . to "trade" it back to a fiat balance prior to any legal action. to then possibly be part of the fiat government deposit protection scheme. however knowing how exchanges work. they are probably going to turn off their internal trading service before publicly disclosing any shenanigans |
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there may be big financial investors that will possibly assist in the recovery of his business.
any business that sees another business with a customer list(bigdata) of 1.2m people willing to invest ~$400m(combined) in bitcoin alone(20k of btc) is a $300 'product purchase' per customer, userbase which they can earn atleast $1 a trade in fee's per user (over $1m per trade combined users) does look appealing for any business wanting to operate and manage those customers for a few years. .. however scam bankman fraud would really need to prove that customer lost alot less then the "billions" to bring his crime rating number down. and then talk about a deal to swap consecutive jail time for a combined fine. if he ever wants a chance of seeing freedom anytime soon |
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not being able to take bitcoin out of N26 means your not actually buying btc.. your buying fiat "exposure" to btc. in short you are just getting a n26 "balance" thats called btc without the ability to withdraw said btc
also n26 is not a traditional bank in the sense of the old boys club of fiat. it was a new tech creation of 2013 that got a banking charter to operate 'in-app' fiat accounts that are regulated and insured by the euro bank charter compensation scheme(German Deposit Protection Scheme)
in 2019 the money service(better definition) had 3.5m customers with a 3.5b value meaning average users were only saving/spending ~$1k per person on it. thus it was not a big bank in the sense of storing life savings and more of a paypal/venmo affair of a convenient "pocket money app"
in short i dont see it as a sign of institutional banks getting into bitcoin.
thats more for 2025 when the BIS allows institutional Central banks to invest 2% of banks collateral/reserves into bitcoin for their internal bank investments
and later(no date quoted) to offer out commercial/retail products to customers
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here is another thing to think about in relation to the topics fear mongering.. RSA has already been "broke" by conventional binary computing at 256, 512 and 786.. from as early as 2000-2010 https://link.springer.com/chapter/10.1007/3-540-45539-6_1https://eprint.iacr.org/2010/006.pdf(using 1500 cpu hours) so by knowing the secret methodology.. ofcourse speeding up that reverse engineering method to break 1024, 2048 4096 just becomes a time factor also the fact is.. RSA is not one-way cryptography. RSA is made to be decrypted. because its encryption. used for messages. not one way signing proofs ECDSA is different and stronger. thus able to withstand a brute attack at 256(EC) which would take longer than grains of sand in the universe(eons).. vs 1500years of CPU time of 768bit RSA |
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We'll have to wait and see what comes of their development. I've seen Walmart claim they have a metaverse ready to go. Now McDonalds seems to want to create something. There's no doubt that issuing digital collectibles is a no brainer from their end. They can give their customers value or even profits just for eating their food, and it will cost them next to nothing. When you think about how they've been giving toys away to entice children to want to go there for decades, the idea of rewarding everyone with digital collectibles that are essentially free to produce is one that will definitely see it's day. Will it be cool or a gimmick? That depends on the reaction to it.
hmm.. thinking of it from that prospective.. well a real world happy meal which comes with a free collectible fortnight/minecraft gun/skin or VIP server access.. might tempt the kids to ask parents to go mcdonalds more often |
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According to Alkesh Shah, "CBDCs do not change the definition of money, but will likely change how and when value is transferred over the next 15 years." If CBDC can present to this extent then i believe bitcoin can do more better since it can achieve this far within 14 years, i don't believe in much of the theories from this government officials, if they don't defend the government who else will they. central banks and commercial banks are doing this because the main payment rail is actually VISA for most accounts. their tap and pay means visa get rich for processing payments. and banks want to get away from the visa debit system and be more direct commercial bank<->customer without a visa middleman |
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