Bloomberg

When Bitcoin plunged as much as 15 percent over two days last week, a theory emerged -- where else? -- on the Internet: a whale was on the move.

Speculation mounted that a major holder of cryptocurrency with an electronic wallet that dated back to 2011 -- long before anyone had heard of HODL -- was moving to sell. His or her wallet had once had as many as 111,114 Bitcoins, which at their peak would have been worth about $2 billion. The rumors that began two weeks ago were that this whale -- as big holders are known -- was looking to cash out after this year’s plunge in prices.

Debates flared up on Reddit. Galaxy-like graphs were disseminated. And Bitcoin origin stories from Dread Pirate Roberts to Mt. Gox re-emerged.

The case has all the elements of a classic Bitcoin mystery: famous wallets, a vicious cycle of speculation reinforcing a selloff and intense amateur sleuthing on the Internet that might not have exactly hit the mark. It also shows what makes Bitcoin unique: the pseudonymous, public nature of its blockchain means anyone can attempt to trace transactions.

According to Chainalysis Inc., which provides cryptocurrency tracking tools to companies and law enforcement, 50 transactions involving a total of 50,500 Bitcoins originating from that whale’s wallet were moved between Aug. 23 and 30. Based on Aug. 22’s closing price in Bloomberg’s composite data, they would be worth about $320 million. Chainalysis said they cannot confirm that the coins entered exchanges.

Detective Work
“This is actually really interesting because of the Reddit detective work that’s been happening and just people making these assumptions that this whale is cashing out,” said Kim Grauer, senior economist at Chainalysis in New York. “It leads to conspiracy theories that someone’s trying to sabotage Bitcoin -- just from someone doing an administrative move of their funds for security purposes, or we don’t even know why they have done it.”

Chainalysis’s software helps detect money laundering by mapping relationships between addresses, which enables it to identify at least one counterparty in about 80 percent of transactions, Grauer said.

The narrative is also complicated by the fact that while the 50,500 Bitcoins originated from the whale (address: 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a), most were scattered in 2014 to various wallets that might all be controlled by the same person -- or not -- and later moved to one wallet again. According to Chainalysis, there were only small transactions associated with this stash until last year, when a thousand Bitcoins were cashed out from the original address. Then there was again a period of little movement -- until August.

The Bitcoin community has a tradition of watching the wallets of these early hoarders, such as that of Satoshi Nakamoto, the pseudonymous creator of the cryptocurrency.

Dread Pirate Roberts
On crypto news sites, Reddit and Twitter, some onlookers speculated that the wallet is linked to Ross Ulbricht, who went by the alias “Dread Pirate Roberts,” the convicted operator for Silk Road, an online marketplace for illicit goods that was one of the early adopters of Bitcoin. Another theory is that it is associated with Mt. Gox, a collapsed Tokyo-based exchange that has to pay back its creditors by liquidating some of its leftover Bitcoin holdings.

As Bitcoin tumbled last week, the community was also afire with a longstanding exchange ShapeShift’s decision to start collecting users’ personal information and reports that Goldman Sachs Group Inc. was retreating on near-term plans to set up a crypto trading desk.

The timing of the whale’s moves -- in Chainalysis’s telling -- doesn’t exactly coincide with the price declines, but the speculation alone may have contributed to the selloff.

“There will always be these historical addresses that become a little bit of a treasure hunt almost -- who they are and when people move them really does spark interest,” said Danny Scott, co-founder at CoinCorner, a crypto exchange and wallet provider based in Isle of Man. “There’s so much noise around the industry and it’s hard to weed out what’s actually happening behind the scenes.”

Uruguay is the smallest country in South America. I do not know if it makes sense that a plan to have a relevant presence in the region should start with it. There are much stronger countries economically where the presence of Bittrex would make more sense. Like Brasil, Chile, Colombia and Argentina.

And if it was due to legislation or taxes, it would make more sense to start in Panama.

c - vit05

Thannnk you

I remember when yahoo posted that it had gone out to celebrate the birthday of a friend and had drunk too much. For that reason, he had delayed payments and he apologized.

Soon after, some crazy user opened a reputation topic against yahoo, saying that he could not manage campaigns because he was an alcoholic. I hope no one opens an accusation saying that you are bodybuilding and therefore unable to manage a campaign. 

If anyone is curious about the others.

https://bitcointalk.org/adrotate.php?adinfo

Factoid slots (1 in 640 chance)
Interesting facts, funny quotes, hints, info, and ads given away to supporters.

"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi
"There should not be any signed int. If you've found a signed int somewhere, please tell me (within the next 25 years please) and I'll change it to unsigned int." -- Satoshi
"You Asked For Change, We Gave You Coins" -- casascius
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
"With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless." -- Satoshi
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
Some PGP public keys you should import: theymos, Wladimir, Gregory, Pieter
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
The forum was founded in 2009 by Satoshi and Sirius. It replaced a SourceForge forum.
"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
Whoever mines the block which ends up containing your transaction will get its fee.
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
If you want to be a moderator, report many posts with accuracy. You will be noticed.
If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- gmaxwell
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Neighbourhood Pool Watch: Keeping an eye on Bitcoin mining
Neighbourhood Pool Watch: Keeping an eye on Bitcoin mining
You can see the statistics of your reports to moderators on the "Report to moderator" pages.
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
Visit and contribute to reddit.com/r/Bitcoin
BTC.sx - Leveraged Bitcoin Trading. For an easy way to trade Bitcoin, using Bitcoin, sign up now.
"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
"Apparently, so I am told, there exist "people" who prefer to wipe sitting down. From the front. Initial research indicates it could be up to half the population." -- benjamindees
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
There are several different types of Bitcoin clients. Header-only clients like MultiBit trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
Be very wary of relying on JavaScript for security on sites such as blockchain.info and brainwallet.org. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
There are several different types of Bitcoin clients. EWallets such as Coinbase are like banks -- a central organization has complete control over your money. You shouldn't put much money in EWallets.
Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin Core and some of its derivatives are the only known safe implementations of full nodes. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and MultiBit are OK.)
The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
Satoshi is no god. He did not come down from the mountain with 10 golden rules engraved in stone for no one to question.
Goat says: "Bitcoin is NOT Illegal in Thailand. There is no law against Bitcoin in Thailand!"
No Gods or Kings. Only Bitcoin
What is consensus?
How can the Bitcoin system be changed?
What is a hardfork?
In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
The trust scores you see are subjective; they will change depending on who you have in your trust list.
You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
In order to achieve higher forum ranks, you need both activity points and merit points.

There is a risk that companies want to use only virtual currencies. It is always good to remember that not all virtual currencies have the properties of a cryptocurrency. In general, virtual currencies are centralized, easily produced and replicated. Whose goal is to generate profit for the issuer.

It can be interesting for companies and even for their consumers. But it does not have the same goal as Bitcoin, for example.

cnbc

Last spring, Associate Professor of Computer Science Emin Gün Sirer was scheduled to teach a 600-level course on blockchain technology at Cornell University, an advanced class intended for PhD students.

"Usually when you have five to a dozen students in such a class, you're teaching a popular class," Sirer tells CNBC Make It with a laugh. But when Sirer arrived on the first day to teach, he was shocked: 88 students had shown up.

"It was pretty interesting to see that level of interest," Sirer says of the students, most of whom were undergraduates.

Those Cornell students aren't an anomaly: At other top universities across the country, students are anxious to enroll in courses focused on the proliferation of blockchain, a decentralized ledger technology that underpins cryptocurrencies like bitcoin.

Blockchain 101?
According to a new survey of 675 U.S. undergraduate students by cryptocurrency exchange Coinbase and Qriously, 9 percent of students have already taken a class related to blockchain or cryptocurrency and 26 percent want to take one.

Among courses on blockchain, the University of Pennsylvania offers "Blockchain, Cryptocurrency, and Distributed Ledger Technology," taught by Kevin Werbach and engineering professor David Crosbie; University of California at Berkeley offers "Blockchain and CryptoEconomics," taught by computer science professor Dawn Song; and Cornell offers a course on Cryptography.

Last year, Song had around 100 students from her department competing to nab one of 25 available seats in a blockchain class she co-taught with faculty from the business and law schools on campus. This year, she's still seeing high demand for her blockchain course.

"It's still very popular," Song tells CNBC Make It. "I think students are intrigued to learn about the technology which is very broad ranging and both has deep historic academic roots as well as exciting new frontiers."

The course professor Werbach, who teaches legal studies and business ethics at The Wharton School, will be co-teaching this fall is the university's first full-credit class entirely focused on blockchain.

A big reason for the increased interest in blockchain classes is job prospects, he says.

"There is rapidly growing student interest," says Werbach. "They're seeing opportunities with companies that want students to work in this area, which include both blockchain focused start-ups as well as major companies.

"Wharton sends people to all the Fortune 500 companies, and investment banks and technology firms. A very high percentage of those leading firms now have blockchain or distributed ledger projects, and they're looking for expertise in that area," Werbach explains.

University of Pennsylvania Professor Kevin Werbach speaking.
Source: The Wharton School
University of Pennsylvania Professor Kevin Werbach speaking.
Indeed, job postings related to bitcoin on LinkedIn increased nine-fold in the financial services industry and four-fold in the software technology industry (as a proportion of overall job postings on LinkedIn) over the last three years, according to data provided by the platform to CNBC Make It. As of Monday, there were 2,770 open jobs related to "blockchain" posted on careers website Glassdoor.

Tech companies like IBM, Facebook and Amazon have all started blockchain initiatives.

And though the most widely known use for blockchain is cryptocurrencies, industry proponents say the potential applications are numerous and far-reaching, from tracking the supply chain of food as it travels from farms to your plate to helping you shop for electricity. A full 84 percent of companies are "actively involved" with blockchain technology, according to PwC's 2018 Global Blockchain Survey.

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Heartbleed, April 2014
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Demand Progress
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https://hackerone.com/yukichen?sort_type=latest_disclosable_activity_at&filter=type%3Aall%20from%3Ayukichen&page=1
I saw first on Reddit

Wladimir has answer
check this twitter

https://twitter.com/orionwl/status/1007597607835795456

Bryan Bishop

Satoshi alert key's signature of sha256("I am not CSW. Unlike me, he can't sign with the Bitcoin alert key.") -> 304402205d9ee1b1697ce3722b92a0931aae10fb76ab07a624d61b27ba5af39e85a1653d0220520 ed2e30ed1c89e5c876a4e7e8f9b04a8b43c3a37b55623cae964b3938f779aBryan Bishop added,
Bryan Bishop
 
@kanzure
It's time to reveal the bitcoin alert keys. The bitcoin alert public key was unwittingly copied by many hundreds of bitcoin copy-cats. Folks, it's going to be an interesting show.

 
@LukeDashjr
Is it verifymessage-compatible? 😉

Of course, the real Satoshi could sign like this trivially - it was originally his key, after all...
‏
 
@kanzure
1AGRxqDa5WjUKBwHB9XYEjmkv1ucoUUy1s and HA9fB+p1bFIp6V2CddLKzNm7SQDhnhpSYyVO4sVuDgbFA+h03lW8hdEGBqlZBzwsQ6rmuOZgWPkjVEu44kAOSRY=


@orionwl
Replying to @kanzure @LukeDashjr
Checks out:

$ bitcoin-cli verifymessage "1AGRxqDa5WjUKBwHB9XYEjmkv1ucoUUy1s" "HA9fB+p1bFIp6V2CddLKzNm7SQDhnhpSYyVO4sVuDgbFA+h03lW8hdEGBqlZBzwsQ6rmuOZgWPkjVEu44kAOSRY=" "I am not CSW. Unlike me, he can't sign with the Bitcoin alert key."
true

And the corresponded git:

https://github.com/bitcoin/bitcoin/pull/7692/files#diff-64cbe1ad5465e13bc59ee8bb6f3de2e7L98

The record is 100%. Lol.

Now, the last time Bitcoin started to increase its dominance, we had that spectacular appreciation of altcoins. Unfortunately, we are in a bear market. It happening again I think it's unlikely. But if some currencies have a 50% appreciation and the BTC delays responding with no more than 3%, we can re-enter a Bull Market with the FOMO of some specific projects.

We need moderation to be more active in this section. And we need clearer rules. The source of this text is not a large newspaper or portal. And all text is based on assumptions that construct only the distorted vision of the author himself. it is totally unnecessary to read this.

Some projects will finally die. It is quite probable that the small projects that have collected some ETH in their ICO no longer have sufficient balance to continue investing heavy in marketing and deceiving some users spreading false news in social networks.

We had too many projects, too many tokens. That did not serve for anything.

What is your opinion on governance? Do you believe that it is possible to have governance using only the tools of the protocol? I mean, solutions that do not involve forks, whose differences are resolved only by voting.
 
Do you believe that projects using PoS can function without a central authority and in a totally distributed way?

Even though most smart contracts require a third person, and therefore, they do not attract anything very innovative. The few contracts that could be made between only two parties and these would make sure that their terms would be accepted open great possibilities.

Some solutions are niche. And there's nothing wrong with that. Not everything needs to be mainstream to have a great demand and overall usefulness.

There is a list of users with the amount of BTC they had transacted in exchange. Who led was Roger Ver. It was just the login name, the email and the amount of BTC. I have it saved somewhere, but it is quite likely still able to find it using google. There is another list with emails from several users, but this one is much harder to find. But It is still possible to know if your email had been compromised.

Now, a list with the creditors I do not remember having read any news of the type. It would be very damaging to those who have something to receive.

I think it would be better to have a topic with a link center for several other topics that are explanatory of that section. Sometimes it is very difficult to find an informative topic. One of the most useful topics, the one of putting signed addresses, is not sticked. Some sections like altcoin could have about 3 pages of pinned topics with questions and subjects that people thoroughly repeat everyday.

WashingtonPost

The price of bitcoin may be down, compared with last year's meteoric heights. But industry officials aren't waiting for the next spike in investor demand to launch a charm offensive targeting federal lawmakers and regulators who've taken an interest in cryptocurrencies.

Tech veterans and a number of high-profile cryptocurrency companies on Tuesday said they are forming the Blockchain Association, the first fully fledged lobbying group in Washington representing entrepreneurs and investors who are building off the technology behind bitcoin.

Joining the initial push are companies such as Coinbase and Circle, which operate some of the world's most popular virtual currency exchanges, as well as the technology start-up Protocol Labs. Investors, such as Digital Currency Group and Polychain Capital, are also among the founding members.

The group has already made its first hire: Kristin Smith, who was an aide to then-Sen. Olympia J. Snowe (R-Maine) and went on to lobby on blockchain issues for Overstock.com, the online retailer that in 2014 began accepting payments in bitcoin.

"I've been spending a lot of time doing a lot of the basic education work in this space,” said Smith, who is expected to guide the trade group through its early steps. “I'm excited to focus exclusively on these issues."

Policymakers have been confronted in recent months with an array of cryptocurrency issues as investors have flocked to bitcoin and other virtual currencies. The technology on which they're based raises novel questions about financial regulation in a digital age — and in some cases, consumers have become the victims of scams that have attracted attention from state and federal regulators. Congressional hearings on cryptocurrency and recent decisions by the Securities and Exchange Commission have also highlighted bitcoin's and other cryptocurrencies' growing profile.

The Blockchain Association aims to become the cryptocurrency industry's top lobbying organization in Washington on policy issues, portraying itself as a voice for mainstream companies that want to work within the political system rather than circumventing it — as companies such as Uber and Airbnb have done in the past.

Among its first priorities will be addressing how cryptocurrencies are treated under U.S. tax law, and explaining to policymakers how anti-money-laundering and know-your-customer regulations apply to the industry.

"The Blockchain Association is an effort to get the preeminent companies in the space together so [policymakers] know they're hearing from companies that welcome regulation when it’s appropriate,” said Mike Lempres, Coinbase's chief legal and risk officer. “We’re not companies looking to game the system, but trying to develop a legal and regulatory system that’ll stand the test of time."

This isn't the only time blockchain advocates have sought to play the Washington influence game. Half a decade ago, organizations such as the Bitcoin Foundation played a similar role. But it was a catchall organization — representing industry as well as individual consumers; acting as a think tank, lobbying group and standard-setting body, all in one.

Now, the cryptocurrency field is far more developed, with distinct sectors and interest groups, said Jerry Brito, executive director of the Coin Center, a Washington-based cryptocurrency think tank. To see the rise of a purpose-specific trade group is a sign of the industry's growing maturity, he added.

"We’re happy to see this organization stand up,” Brito said. “It’s good to have more voices advocating for things we agree about. But probably more importantly for us, a lot of folks project 'trade association' onto Coin Center, and we're decidedly not that. When we get questions about the industry, we can send them to these folks."

Why a Leading Venture Capitalist Is Betting on a Decentralized Internet

hris Dixon, arguably the most prominent venture capitalist focusing on blockchain, is friggin’ tall. Before sitting down with him inside the spa-like Silicon Valley offices of Andreessen Horowitz in August, I had talked to him a handful of times over the years, but always on the phone, so I didn’t exactly know about his height.

As far as either of us can remember, Dixon and I initially talked in the mid-2000s, when he was running his first company, SiteAdvisor—a web security startup that got bought by McAfee in 2006. Next, Dixon cofounded Hunch, a wisdom-of-the-crowds recommendation site that eBay scooped up in 2011 for $80 million. Dixon joined VC superpower Andreessen Horowitz in 2013, around the time he made his first blockchain investment, in Ripple. He’s since led the firm into crypto investments that include Coinbase, OpenBazaar, and Mediachain. In June, Andreessen Horowitz unveiled a $300 million crypto fund, and brought in blockchain guru and former federal prosecutor Katie Haun to run it.

After Dixon and the firm’s communications chief, Margit Wennmachers, greet me warmly in a hallway at Andreessen Horowitz, in Menlo Park, we make our way into a blah conference room. Dixon sits and stretches out his long frame, wearing a gray polo shirt, gray jeans, red-and-white striped socks and sneakers. The following is an edited version of our conversation, beginning right after Wennmachers reminds me that Dixon doesn’t like to talk about his private life.

You just don’t like to talk about personal things?
There are a lot of crazy people. We have people coming to our house thinking that we keep bitcoin there.

OK, well, this is a little personal: I’m intrigued that you were a philosophy major.
It was AI-meets-computer science that first got me introduced to philosophy, and reading Godel, Escher, Bach, which was really influential for me. I wrote my high school thesis on whether machines will someday think, and then I studied philosophy at Columbia: philosophy of language, philosophy of mind. Then I got interested in history and how innovation works, and this has been a constant interest of mine.

Does any of that factor into what you do now?
If you go back and you look at a lot of great innovations, they were driven by small groups of slightly crazy people who were motivated by what I would call the interestingness of the problem. It wasn’t practicality, right?

That sounds right.
For example, if you look at a lot of the early technology that bitcoin is based on…these people were not trying to go and disrupt the Federal Reserve or create computers to take on Facebook and Google. They were interested in these very obscure specialized problems.

I wrote this blog post that kind of got popular. I wrote “what the smartest people will do on the weekends is what everyone else will do in work in 10 years.” It’s more than a coincidence that so many important technologies began in garages and dorm rooms. It has to do with the fact that there’s very few contexts in life in which people are able to focus on things that have a 10-plus year horizon.

There’s academia and maybe government funded things, but the vast majority of people are private sector people—that’s where a lot of talented people are, right? It’s their weekends and night times. They’re motivated by interestingness. It tends to be predictive of things that will matter 10-plus years from now, but have no practical importance today.

Satoshi’s paper describing bitcoin doesn’t talk at all about disrupting the world.
I have it on my wall. The white paper actually fits on a poster. It’s actually that short. It’s a very modest kind of opening. So, there are two interpretations of the paper. One is it’s a submarine strategy of, “Oh, this is a little modest thing.” The other interpretation is it’s a deliberately understated technical discussion that had a secret intent.

---

---

You could read the rest on Breakermag[/ur] It is an awesome and big interview. Everything points to a REALLY BIg bull market. Do not go away if you have lost some money in the short time.

They still do not feel safe enough to enter the market directly. And, frankly, I do not think this is critical for the moment. The fact that they recognize Bitcoin as an investment possibility, even if it is a derivative or anything, shows that there are more and more people within Goldman working in this area. Therefore, having profit, being safe and with regulations, more instruments would be used.

This triggers a wave. If the goldman is investing any penny in Bitcoins, it is almost a must that the other firms also study it. Customers are starting to ask for more and more options. I do not know if it is the ideal for the future of Bitcoin. But it should rather be regarded as a sign of the Bull Market just ahead.

51% Attack is only a problem for decentralized networks. A centralized, closed-source network would never face this. The 51% attack is an attempt to dominate the network and dictate what is true or false.

What many people confuse, is that it's all about trust. In Bitcoin, everything works without the need to know all the actors. This is due to the possibility of testing the code and verifying it. No matter who you are. That is, at all times a network of confirmations occur validating the whole process

In a closed code, few would know what actually happens. What changes are occurring. There is no need for a 51% attack since there are already a few controllers. In EOS this is what happens, a small group controls everything. At Ripple is a single foundation.