Correct on the first point. Incorrect on the second one. It is trivial to capture Satoshi's design with regulation of 51% of the pools (weighted by hash rate of course). They can then refuse to include any block that doesn't include 666 KYC identification.

Correct on the first point. Incorrect on the second one. It is trivial to capture Satoshi's design with regulation of 51% of the pools (weighted by hash rate of course). They can then refuse to include any block that doesn't include 666 KYC identification.

More idiots(monkeys clanging on pots with utensils) that will need to lick my butt hole in another few months. So many have gone before them and so many stand in line to be next.

Who else wants to add their username to the idiotbaboon list?

P.S. I shouldn't dignify them by expending my time in a response. But hey, it is so much fun later when they crawl under rocks to hide from their shame. I try to help everyone, I don't get paid for the vast amount of research and information I compiled on this forum. These obstructionists deserve their fate. They don't add any informational value.

Again I reiterate what I wrote upthread and ask all of you to email Armstrong. Does he really think there is a 5000-year cycle and interest rates will be trending up instead of down for next 5000 years?

Obviously usury finance is dying. And I explained why in the Economic Devastation thread.

This is another reason that crypto currency is going to change the world. It is all part of the this massive 309.6 year shift mentioned in my prior post.

Again I reiterate what I wrote upthread and ask all of you to email Armstrong. Does he really think there is a 5000-year cycle and interest rates will be trending up instead of down for next 5000 years?

Obviously usury finance is dying. And I explained why in the Economic Devastation thread.

This is another reason that crypto currency is going to change the world. It is all part of the this massive 309.6 year shift mentioned in my prior post.

That should be 2032.95 - 309.6.


Before you comment, make sure you are not ignorant of the subject matter.

https://en.wikipedia.org/wiki/1723

Also if you are looking at what happened at the same juncture before the turn in the 309.6 year cycle:

https://en.wikipedia.org/wiki/1706

What was happening around that time was the Enlightenment, fall of monarchies and the birth of the new world America, the nation-states, and the Industrial Age.

https://en.wikipedia.org/wiki/18th_century

https://en.wikipedia.org/wiki/Great_Frost_of_1709

Now we are looking at the fall of the nation-state and birth of a global village and Knowledge Age.

That should be 2032.95 - 309.6.


Before you comment, make sure you are not ignorant of the subject matter.

https://en.wikipedia.org/wiki/1723

Also if you are looking at what happened at the same juncture before the turn in the 309.6 year cycle:

https://en.wikipedia.org/wiki/1706

What was happening around that time was the Enlightenment, fall of monarchies and the birth of the new world America, the nation-states, and the Industrial Age.

https://en.wikipedia.org/wiki/18th_century

https://en.wikipedia.org/wiki/Great_Frost_of_1709

Now we are looking at the fall of the nation-state and birth of a global village and Knowledge Age.

For those who are suffering Multiple Sclerosis or any sort of chronic disease, I understand your suffering (even though others readers really can't feel and understand your suffering) and I want to tell you that I am having a miraculous result thus far several days after a 10 day fasting.

I removed all the following from my diet:

• Protein (no meat, no fish!)
• Long chain fatty acids (eating only coconut meat for fat)
• Sugars in any form (meaning no fruit also!)
• Carbohydrates

The mature coconuts are good for about 5 days each, so coconut is a really efficient food. My gosh my foods costs have dropped to perhaps $2 per day. (still have to feed my gf though and they eat too much junk)

I have found that eating a lot of cayenne pepper is really helping a lot. Also I am craving it (like I want to add 10 tablespoons next time!). I had been told that it is anti-inflammatory and M.S. is an inflammation disease in some respects. This appears to prevent the flare-ups I would get after eating. Also it is making me feel so alive. It doesn't cause any problem with my stomach lining as far as I can tell it actually stops the stomach pains. Maybe there is a good reason the Mexicans eat so many peppers and why they are so strong and healthy.

I recommend Cholula hot sauce:

http://www.amazon.com/s/ref=nb_sb_ss_i_2_7?url=search-alias%3Dgrocery&field-keywords=cholula+hot+sauce&sprefix=cholula%2Cgrocery%2C404

I bought some Thai red pepper paste (no MSG, entirely natural ingredients) and I put a couple of tablespoons of that with a couple tablespoons of cayenne pepper in palm or coconut oil in frying pan with loads of garlic, purple onion (shallots), then all kinds of vegetables and enough water to make a soup:

• Green onions, i.e. scallion, and include the entire green leaf
• Cauliflower
• Broccoli
• Leafy greens
• Carrots
• Cabbage
• Malunggay

That is delicious and very satisfying.

Do NOT use another kind of oil. The others are not medium chain fatty acids. The entire point of this diet is to keep your body in ketogenesis metabolism which deprives the malformed entities in the body of sustenance; and not the normal metabolism which feeds the ill health.

Another dish I created yesterday is to fry garlic, purple onions, and Ampalaya in palm oil. Mmmm, so delicious and can even put the hot sauce on it to add flavor.

I am also still munching on the raw leafy greens as well during the day.

I haven't had any Chronic Fatigue. I am so exploding with energy right now I can barely sit in my chair. I will need to go running in the hot weather so I can calm down and work. This is precisely the problem I used to have (before the M.S.) which is why I needed my athletics.

I hope this sustains. It is becoming very promising. I feel my head and throat clearing. My vision is coming back. I was looking at the sunset and it was so clear and it was like I was reborn again. I was just speechless and then I cried.

I didn't get much work done yesterday because after lunch I was in the mall the entire afternoon standing in 4 different lines (and they never have enough tellers in the Philippines in spite of the wages being only $10 daily): the bank to pay my rent, the Globe telcom to pay my internet line, the bills payment line for my electric bill, and finally standing in checkout line at grocery (where I met a very cool, cute, fun, smart 5 year old boy half-german and half-filipino and he was keeping me occupied in conversation so I wasn't bored). I had to do it, not my gf this time at least. With the traffic getting really bad now in Davao, add another hour to get home in the taxi (my driver's license expired recently so another problem on my todo list). Also my gf had to wait at the house for the Kombucha tea SCOBY starter to arrive via LBC courier. By the time I finished teaching her how to cook these new dishes, I was too sleepy to work last night.

Thanks to klee and smooth for approving of my decision to make the anonymity features orthogonal, which IMO is what enables me to be the public face on the coin. I wanted to make sure that others think this is the correct decision, before buying the coin's proposed domain name with my credit/debit card. I assume rpietila also approves of that decision, based on his past stance that we should not fear government which he reiterated today. Again it makes no sense to attach the anonymity features of any such coin to myself, for if you want me to lead the improved consensus design then I need to not be in the crosshairs of those who hate anonymity features. If the coin can gain significant momentum from the advances in the consensus design, then the anonymity features are easy to fund and I'm confident there are a lot of great developers who are willing to peer review and implement the designs I already wrote down (their decision whether to do it anonymously or not).

W.r.t. to government's desire to move to trackable digital currency so they can easily tax everything that trades, I believe it is very likely the smart people in the think tanks for government know they need a competitive technological solution because if you put the government in control of some servers for all commerce of the world, then commerce would collapse because for example I registered my car for another year at the Land Transportation Office in the Philippines in January and as of yet the sticker for my license plate is still not available. The production of the stickers is constantly undergoing "re-bidding". This has been an annual ritual for the past 5 years and it is getting worse every year, in spite of the President claiming he has made drastic improvements in reforming the corruption and bureaucratic processes.

So I think instead they'd like a competitive system which they can regulate and which is inherently trackable. As long as the government can regulate the miners to force 666 KYC (know-your-customer) identification to accompany every transaction on a public block chain, then they track and tax everything. No need for the government to be in the business of running the world's servers for commerce, because if they do surely it will not be resilient and the entire commerce will have frequents "brown outs". AltcoinUK, just watch those national experiments to crash and burn as first examples. As Lazarus Long wrote, "the government specification for a mouse is an elephant".

So that is why I designed a consensus network which has the benefits of Satoshi's PoW, but also alleviates its weaknesses and including making it possible to push your transactions onto the block chain even if all the other mining nodes have come under control of the beast.

What I am trying to say is I believe nature always wins in the end. And the government can't have its cake and eat it too. I believe it will need resilience and in order to get it, it must have my design because for example Satoshi's design is destroyed if there is even a brief period of network fragmentation. And so the government will eventually have to accept that entropy of commerce can't go to 0. The cat and mouse game of cash will continue even with decentralized electronic money.

This is what I mean when I wrote Butterfly Effect. The government is not in control of the outcome. Nature is.

I will soon be posting some open source code up and announcing a proposed name. So we can really get the ball moving faster and everyone can realize I am not bullshitting.

Edit: we also have to bear in mind that those who are really in control also still want to have a fractional reserve system of finance so they can maintain control via the issuance of debt and/or the regulatory oversight of fractional reserves because private banks go bankrupt in the boom & bust cycle when they issue fractional reserves. Thus again their interests are for a competitive system they can regulate.

Regarding the entropy argument I made, there is no way one entity can be the bank and server of world. Entropy doesn't allow for that outcome. It wouldn't function. It violates the Second Law of Thermodynamics.

---

Edit#2: good that I didn't decide to make the anonymity the second priority until recently. Otherwise I would have never discovered the holy grail of on chain anonymity. I still have the invention. I will pass it on for someone else to implement on the coin, so I become detached from the anonymity features. As for the anonymity network, I'll write down what is possible, but leave it to others to implement and the coin can fund this. I'll detail funding later...

In 2013 and 2014, I made a vow if ever I was involved in a coin, not to put my name on it. This was mostly to attempt to deflect politics and also for my personal safety against kidnapping and that sort of thing.

I have discovered that it is very difficult to gain confidence in a coin where the developers are anonymous.

Also I have discovered that my technical reputation carries some weight in this forum.

I think my original intention was w.r.t. to a coin with strong anonymity advances, and was also motivated by not wanting to be a target of TPTB. Well at this point, any such anonymity for myself is blown to smithereens and can't ever hope to get it back. I am old already at age 50. And the tail end of my career was destroyed by the Multiple Sclerosis and personal issues that exploded with losing vision in one eye in 1999. The point of saying this, is I don't have as much to lose as someone in a better situation.

Lately since I've been surviving on only leafy greens and coconut meat, I realized I could always survive even deep in the Amazon jungle or pretty much any where.

I've got one more chance to make my mark on my career. My intellect and coding abilities are still one of the best in the world (sorry but I know my abilities and this isn't bullshit ... if anyone thinks their abilities are top notch ... come on I'd love your help and competition!!).

Thus I have decided to put my name on my coin!

I will be leading this coin out in the open, which will make it much easier.

My coin will be launched without any anonymity features. That is a key point.

My anonymity designs will be offloaded to others and these can be added to the coin after the fact by others. I do not want to be held culpable for the anonymity stuff, although I will make sure all my awesome designs are passed on so they can be implemented.

My job will be to make sure this superior consensus design overtakes Bitcoin and gets spread out every where.

I will soon announce the name and make a thread for it in the Altcoin section, letting the community know it is coming.

Next we have a different plan for the community of this coin. We will not be doing the usual trolling in the forums. Instead we are going to have Wiki that anyone can make a comment to. These comments will remain in the history, but we will edit the Wiki and organize the logic so it is consumable by a person who comes to learn.

Means no censorship but we want to squelch the noise and focus on maximizing communication of essential information.

We'll post updates to the Altcoin forums, but we won't entertain tit'for'tat debates in the forums for our official moderated threads. Those who want can go to our Wikis. Of course any one can make an unofficial thread and go on and on and on in tirades should they wish.

P.S. just finished jogging at mid day tropical heat of the Philippines and I feel great.

If China today tried to shut down Bitcoin, the rest of the world would fork the hash if necessary to kill the threat. The politics is such that people can be moved en masse against such threats. Coinbase, Blockchain.com and a few others can get together and make it happen.

The threat we face is not coming from regional concentration. It is from the cooperation of the TPTB globally to enslave us.

Any more off topic posts on this are just noise and frankly make me think the person writing them is not efficient.

Edit: not to mention that most likely many of 21 Inc's subsidized cell phones will be distributed in the Asian Union, which China will control.

Peak oil and global warming nutcases indicate this thread has a very low information content.

There are a lot of really stupid people in the world, and I can't teach all of them.

She or he hasn't apparently noticed the price of oil is collapsing because there is too much oil. Global warming is a hoax and junk science. But this idiot will be defiant.

Westerners preoccupied on nonsense while their future burns to the ground because of socialism (and their belief in nonsense).


You don't seem to understand that there always comes a Minsky Moment. Has always been that case through out all human history. It happens in our global economy (since QE ended up abroad with a carry trade) when the marginal utility of debt goes negative globally. That moment has arrived.

I am approaching it purely from the stand point of the future of being able to do a transaction without having to provide my 666 know-your-customer number.

From that standpoint, I see no distinction worth wasting time mentioning.

I can understand that one might argue other scenarios such as China holding Bitcoin hostage and better to have some control in the USA. I view that possibility as Nil, because as soon as China attempted to do that, pools will spontaneously sprout outside of China. Any harm from centralization will have to be tolerable by the majority, i.e. all those who already provide their 666 number given they use Bitcoin via Coinbase, Blockchain.com, Paypal, etc.. Hooking the majority in with free hardware mining Bitcoin is part of this overall strategy of making the world dependent and unable to resist the new world order. Obvious as a sore thumb.

And now we have wasted time on a few more posts.

I need to be busy coding and producing opportunities for humanity to create new markets and profit so humanity will resist the enslavement.

Edit: emphasizing China is harmful, because then if the community organizes to attempt to force pools outside of China, they will think the problem of centralization is solved. Rather the problem is fundamental, structural design, and economics. Can't be solved with Bitcoin's current design.

Arguing diminishing possibilities is a diminishing return. Efficiency of communication and thought are very important.

Larry Summers' record (as linked in my prior post) indicates he is not involved with 21 Inc. for any good reason. He certainly has ties to China's leadership as well, so I don't see an effective decentralization in terms of the plan forward (which you alluded to with "short term" but then why even bother mentioning it). I don't like to pretend I am idiot just to allow 0.001% chance he has reformed himself.

Well you are in a for a rude awakening. It is even much worse than your summary above.

It will be horrifically worse after 2018 than 2008-9.

And it will get worse and worse for the West even after 2020. The West is going to resemble an economic wasteland of expropriation of private wealth, eugenics, and civil or international war.

It's over for the white man. Asian man will be in control from 2020 forward.

The peak in the public wave in the charts you quoted above, is the peak in government for that 51.6 year cycle. But we are also at the peak of 6 cycles = 309.6 year cycle. This long-term cycle always is a change in civilization.

Asia will bottom 2020 and by 2032.95, Asia will have established itself as the new financial center of the world, with Singapore and Shanghai replacing London and New York respectively. And sorry, citizenship in Asia is not available to white men, except perhaps Singapore if you've got the right qualifications. Cambodian citizenship is for sale but I expect those to be ruled fraudulent and revoked in the future. Note with the coming Asian Union in December 2015, citizens throughout the zone can invest and do business throughout the zone with great advantages over non-citizens of the union.




Edit: you asked why governments do this. I think you meant to ask why do people love socialism. Isn't it obvious why people love big government budgets. The people are dumb useless eaters.

In a private exchange, I tried to clarify that it is probably less likely that smaller market coins such as Monero have centralized mining or that they would any time soon. However the key point is we can't know!


Sybil attacked pools means we can look at a chart of pools and still we can't conclude that enough of Bitcoin's pools are effectively controlled (or regulated) by one entity such that 51% of the hash rate can be controlled (for example to censor in the future transactions, especially those not accompanied by KYC identification).

21%	F2Pool
18%	BitFurry
17%	AntPool
10%	BTCChina Pool
8%	BW.COM
7%	Slush
6%	KnCMiner
4%	21 Inc.

The top 3 pools there are already > 51% of the hash rate. How difficult is it for the governments to regulate three pools, or otherwise force them to sell controlling interest. How can even be sure these pools haven't received a national security gag order letter.





And then coming up fast is TPTB's (former World Bank and US Treasury official and prime proponent of ZIRP and move towards digital currency to enslave the people) Larry Summers' 21 Inc, which will monopolize mining of Bitcoin by giving away hardware for nearly free in exchange for using the user's electricity to compute hashes.

Come on it is so obvious, you'd have to be blind to say Bitcoin's mining is decentralized.

When deciding whether to buy gold or crypto, I suggest thinking about gold as something you can probably sell at a profit before 2018, but after that it will probably need to sit for a long time before taking gains. The entire physical assets bubble may be over by the time gold can be sold without basically being expropriated (depending on your luck, venue, tax jurisdiction, etc). So either gold is a short-term speculation after Spring or it is a long-term holding.

Crypto is more volatile but will have much greater gains than gold. Probably more than 10X or even 100X more gain (depending which coins you buy). Also crypto will likely be spendable after 2018, probably even anonymous means of doing so if necessary.

Crypto will be more mobile and more avenues for use and sales.

Crypto does have the risk of the network becoming shutdown. But this can be improved. For example, Bitcoin basically dies if the network fragments, but I have a solution to this. Did I say Bitcoin killer. Yes I did. And I mean it. The idea is to mainstream it as much as possible.

Since no one else is quoting MA's blog lately that much, today's posts were really important...

Velocity of money collapsing so this means the USA economy is dying (even while the last big stampede bubble into US dollar and US stocks will ensue):

http://www.armstrongeconomics.com/archives/36747



Largest pension plan in the USA buys the top of the sovereign bond bubble (remember top is 2015.75 for bonds):

http://www.armstrongeconomics.com/archives/36738

USA begins eugenics via taxation:

http://www.armstrongeconomics.com/archives/36715

German DAX stock market headed for top 2015.75:

http://www.armstrongeconomics.com/archives/36755

US stocks basing for a blast off after Spring 2016:

http://www.armstrongeconomics.com/archives/36762

Also the projected high for the DJIA is between 28,000 and 48,000 by no later than 2017.9. So this will be competing against gold and Bitcoin. Basically a double at least. But gold and Bitcoin should be more than a double if purchased at the lows this Spring.

First of all, I maintain the biggest win for a new crypto coin is to fix Bitcoin's scaling and centralization problems. Also to enable perfect 0-confirmation transactions and microtransactions, so the social networks such as Facebook can be enabled to use crypto for Likes, etc.. That is paramount to anonymity and that is the first goal of producing a coin that functions on a testnet asap. That is the Bitcoin killer and now that my health is fine, this should be brought to testnet as quickly as possible.

---

You are incorrect that having access to all the underlying packets means the authorities can unmask your anonymity with a properly designed and implemented anonymity network built on a higher network layer on top of those packets.

With an anonymity network, the packets do not proceed directly between the designated ends of the communication. They are instead mixed with many other communications, so it becomes indeterminable which source packets are designated for which ends. Even the ends can become indeterminable, because it is not clear which node is the end and which is a relay.

But the problem is that the existing anonymity networks do not implement this correctly, because it is not easy. I know what needs to be done technically. I am capable of doing it, if my health continues to be good.

Latency will definitely increase with an anonymity network. But if the web apps are properly designed to cache more data client side, then you will hardly notice. Most web programmers are not even designing for latency at all.

You are correct that meta data can unmask the anonymity network and that is why the solutions need to be more much holistic. Tor and I2P attempt to integrate with existing web sites and web clients, and that is one reason they fail to be robust against the authorities that can record every packet.

We shouldn't assume the government can ban encryption and anonymity networks.

• There are many governments. Coordination takes years to organize.
• If an activity becomes popular on the internet, it becomes difficult to ban it, e.g. music file sharing (remember they banned Napster). There are billions of people in the world and they can tinker and find innovative ways around authorities when something is in high demand, e.g. WiFi can be beamed 50 kms with a simple parabolic dish setup.
• Even if the future world government does ban everything, we have those features interim.
• It will take years before any crypto currency would disrupt taxation on any significant scale.
• The corrupt authorities want to hide their ill-gotten wealth also. They have an incentive not to ban it especially as the entire system starts collapsing. The bastards at the very top have to be careful, because the underlings aren't just going to roll over. There are many competing interests. The world is still complex. Don't try to predict that you know the Butterfly Effect outcome of creating better technologies.
• The anonymity should be an optional feature of the coin.
• It should be impossible to censor the coin network of anonymous transactions (Bitcoin, Monero, and all existing PoW coins can't make this guarantee due to scaling requires mining centralization).
• Anonymity is also useful for privacy, not just hiding from authorities. If you become a crypto $billionaire and the economy is collapsing, you don't want to be a target for kidnapping.

Even without an anonymity network, you can still use an open WiFi to send your transactions to the block chain anonymously (even using both is great), and thus improving upon Monero's on chain anonymity is important.

As for what is best to do action wise. You can hide from the authorities if you want to, and then later you can decide when you sell and time to report capital gains taxes, whether you will declare or not, depending on the situation in the world at that time.

Also best if you restructure your residency and citizenship so you are not required to pay taxes nor declare. And then be anonymous on top of that. So that you basically are not a visible target in the system.

I did a search at instantcheck.com and it couldn't even find me. It found all my relatives. I been gone from the USA since 2006 so I am not showing up in many databases. That is what you want. Disappear.


P.S. So far no re-occurrence of that dreaded shit Chronic Fatigue Syndrome. Frankly I don't know how I was productive at all with that shit. If you've never had it, you have no idea. Thinking "walking dead" or zombie. It is horrible.

Disclaimer: I am not a tax adviser so consult your own. I am not advocating anyone break any law. Act on your own decisions. I am just sharing my ideas.

Understood and I summarized that actually. My point is to be more clear because readers can misinterpret. They think "top" means top of everything everywhere.