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4861  Economy / Gambling discussion / Re: Game of Thrones - Who will rule? Odds and betting discussion on: April 21, 2017, 01:17:54 AM
Honestly I was not able to follow this series, but why would they offer that odds. I mean, it would be easy for the writer of this
film to bet on the winner because they created the story, it does not make sense to me.

People bet on WWE wrestling even though its scripted with the writers, wrestlers and WWE knowing who will win in advance.

I think the way they counter inside betting is to put low caps(limits) on the maximum amount people can bet.

Like say for WWE the cap might be $200 or a relatively low number.

I'm not sure what the exact cap is, I've never bet on WWE but that's usually how things go.
4862  Bitcoin / Bitcoin Discussion / Re: Why doesn't North Korea open up a bitcoin exchange? on: April 21, 2017, 01:02:51 AM
Unfortunately, under socialism, the majority of north koreans don't enjoy modern luxuries like electricity.



That could make north koreans using bitcoin or their own crypto currency, difficult.

They might be able to develop their own crypto currency, using an abacus or something but somehow I don't think that would work.
4863  Bitcoin / Hardware wallets / Re: Cheapest way to get Ledger Nano S ? on: April 20, 2017, 05:33:12 PM
The shipping could be high due to import tariffs being passed on to consumers.

(I don't know if this is true btw.)

I heard it from a brazilian who said brazil's import tariffs made it impossible to order things online, without paying a ridiculous sum of money.

If its true, buying a ledger nano s, could be a question of how to best avoid those import tariffs.

It's not high because of that, they are offering only USP Express which have a high price by nature and that's the case for all countries. Unlike other countries, I don't have the ordinary shipping option on the website and that's the issue I'm facing right now.

A quick google search found some info(bolded parts):

Quote
Import duty & taxes when importing into Algeria

Import duty and taxes are due when importing goods into Algeria by a private individual or a commercial entity. These are calculated on the CIF value, i.e. the sum of the value of the imported goods and the cost of shipping and insurance. In addition to duty, imports are subject to Sales Tax, and various product-specific taxes.
NB: Algeria is not a member of the WTO. Imports from non-WTO members into WTO Member States may be subject to higher duty rates than the MFN duty rates. While DutyCalculator does provide import duty and tax information for imports into Algeria, it does not cover information for imports from non-WTO members.

Duty Rates
Customs duty is levied at rates between 0% and 30%, with most products subject to the highest rate of 30%.

Sales Tax
Imports into Algeria are subject to a standard VAT rate of 17%, levied on the sum of the CIF value, duty, and other applicable taxes. Some goods are exempt from VAT.'

Minimum thresholds
Personal imports which do not exceed 50,000 DA in FOB value, i.e. product value excluding shipping and insurance cost, are free from duty and taxes.
Commercial imports pay all duty and taxes regardless of their value.
Other taxes and customs fees
Various products are subject to additional taxes at specific rates, i.e. based on units of measure. They include the following:
Additional Tobacco Tax
Alcohol Tax
Cereals Pulses Tax
Duty on Broadcasting Equipment
Duty on Battery
Fuel Tax
Internal Consumption Tax
Meat Health Tax
Oil Lubricant Tax
Plastic Bag Tax
Tax on Petroleum Products
Tyre Tax

https://www.dutycalculator.com/country-guides/Import-duty-taxes-when-importing-into-Algeria/

I don't know a lot about algerian imports.

The 30% tax on customs duty and 17% compounding VAT tax could be a big part of why shipping is expensive there.
4864  Bitcoin / Bitcoin Discussion / Re: This is getting serious ... Total CryptoCurrency Market Cap to $30 billion !! on: April 20, 2017, 05:23:22 PM
This infographic sums up my thoughts on this.



See that tiny dot above the words: "bitcoin $19 billion"?

That's bitcoin's market cap in comparison to the global economy which is pictured to the right of that.

 Smiley

market cap is bullcrap bubble number.

i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..

thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.

Be honest.

If it were that easy, everyone would do it.

Which means, its not that simple.
4865  Economy / Gambling discussion / Re: Game of Thrones - Who will rule? Odds and betting discussion on: April 20, 2017, 06:06:15 AM
This is obviously not the case in this series. While historically true, GoT does not represent historical facts.

The whole series, women play a very powerful role. Just look what position Cersei got herself into. Daenerys. Look where Sansa is heading and even the little kid.

EDIT: I may have misinterpreted what you were trying to say. Lower and higher odds can be confusing (is lower or higher better odds?)

Lower odds pay less.

AFAIK, most main female characters in game of thrones survive longer than their husbands or sons.

If that is true, it could mean female characters have better chances of survival & should have lower odds(less paying) than male gendered characters.

4866  Economy / Gambling discussion / Re: UFC 213: Bisping vs GSP Info and Prediction Thread on: April 20, 2017, 05:57:37 AM
Bisping did very well when he fought Chael Sonnen on late notice. Some thought Bisping won the fight.

Bisping may have come back from his injuries too soon when he fought Tim Kennedy.

Bisping hasn't fought a top wrestler in a long time which makes it hard to say how well he'll do against GSP.

GSP didn't do the best against Johny Hendricks in his last fight, either.

4867  Bitcoin / Bitcoin Discussion / Re: Banks have bought the Core Team on: April 20, 2017, 05:44:57 AM
Craig Wright was paid $200 million by "investors"(probably banks).

But nevermind that. Core is the real danger?   Huh

I think people forget bitcoin was never designed to compete with credit cards by procesings thousands of transactions per second.

If people want a crypto currency that can compete with credit cards, maybe they should make an alt coin rather than blaming core developers for staying true to Satoshi's original vision.
4868  Bitcoin / Hardware wallets / Re: Cheapest way to get Ledger Nano S ? on: April 19, 2017, 07:20:41 AM
The shipping could be high due to import tariffs being passed on to consumers.

(I don't know if this is true btw.)

I heard it from a brazilian who said brazil's import tariffs made it impossible to order things online, without paying a ridiculous sum of money.

If its true, buying a ledger nano s, could be a question of how to best avoid those import tariffs.
4869  Economy / Economics / Re: Big Reasons Why Many Families Are Feeling Extreme Financial Stress on: April 19, 2017, 06:56:41 AM
Based on my experience that many families are feeling extreme financial stress because nowadays it's hard to find a stable job and a job with a big salary, and it's hard to earn money. Many families have a financial stress because they purchase too much they don't know how to budget their own money that's why it leads to financial stress.

I don't know about other countries but in the united states, general motors was the largest employer in the 1950's. Today Wal Mart is the largest employer. We've essentially exchanged high paying general motors jobs for low paying wal mart jobs. Wage cuts have to do with the business sector largely retooling jobs to require less specialized skill, making employees easier to replace. It also has to do with increases in wage and wealthy inequality where CEO's are paid $9,000 an hour and most employees are paid $7 an hour. Not because CEO's deserve a pay raise, but rather due to CEO's receiving all the pay raises that were supposed to do to the poor and middle class, whose wage growth has flatlined over the past few decades.

Automation of jobs and offshoring/outsourcing have also taken a large chunk of the job market. Gains in productivity have not trickled down past the wealthy who increasingly run businesses more like the blood diamond trade in africa, than anything resembling a fair or equal arrangement.

The collective lack of financial intelligence may be linked to ever declining educational standards. Much of pop culture encourages materialism and people spending their way into debt. The high taxes, lack of wage growth and increasing living expenses almost seemed designed to guarantee everyone ends up poor sooner or later. Everyone except the super rich.

The wealthiest people in the world probably fear the next apple or google. They're afraid of people young, hungry and smart toppling them from their place at the top of the food chain. And so maybe they do work hard to prevent that from happening by controlling the media, education, celebrities and others to convince people things that are really good are really bad.

it's strange that they have so high inflation when the inflation reported is not increasing in comparison with the previous years

inflation currently it's at its lowest level for now in 2017, this is not true for all country, turkey have the highest it seems

it must be said if that price increase is due to the USD losing its purchase power, or those are really price that were incresed by vendors of those products

Food price inflation is due to water scarcity correlated with drought, as far as I know. When the price of water increases, it affects everything. Food price hikes aren't due to currency inflation. Although inflation and living expenses have grown at a faster pace than wages, which should be very concerning, yet somehow the media never reports on it anymore even though they did report on it back around 2008.

So yeah, climate change is probably the biggest factor for food price hikes. Climate change is caused by 80% of the world's natural forests being harvested. Trees store (sequester) carbon. Forests act as giant carbon emission sucking machines. The leaves of plants and trees also evaporate water which causes rain. Cutting down forests leads to less evaporated water, leading to drought and rainfall decrease.

There is scientific info relating to deforestation in australia and brazil leading to drought there. The harvesting of forests is also linked to decrease ability to store and contain carbon, which leads to higher average yearly temperatures.
4870  Bitcoin / Bitcoin Discussion / Re: #BizofBlockchain event in Boston on: April 19, 2017, 06:28:42 AM
I hope the presentations make it to youtube or some other media platform.

It looked like there were informative and educational talks given, much better than the content posted by most clickbaiting youtubers who may or may not have actual insight into the subject they're discussing.
4871  Economy / Economics / Re: Design The Perfect Bank on: April 19, 2017, 06:25:17 AM
The perfect bank can never exist, not even theoretically.

A bank owner would want APR's on mortgages, car loans, student loans, credit cards to be as high as possible.

Those who use banks want APR's on mortgages, car loans, student loans, credit cards to be as low as possible.

Self interests are mutually opposed. What is good for elites, the wealthy and banks is typically bad for the average person, the poor and middle class.

There's no perfect bank that satisfies everyone or makes everyone happy.

One might say that many issues plaguing society and civilization are due to banks catering too unfairly to the interests of the wealthy & elites, creating regulations and policies which are bad for small businesses, the poor and middle class.
4872  Economy / Economics / Big Reasons Why Many Families Are Feeling Extreme Financial Stress on: April 19, 2017, 06:19:47 AM
Quote
When the cost of living rises faster than paychecks do year after year, eventually that becomes a very big problem.  For quite some time I have been writing about the shrinking middle class, and one of the biggest culprits is inflation.  Every month, tens of millions of American families struggle to pay the bills, and most of them don’t even understand the economic forces that are putting so much pressure on them.  The United States never had a persistent, ongoing problem with inflation until the debt-based Federal Reserve system was introduced in 1913.  Since that time, we have had non-stop inflation and the U.S. dollar has lost more than 98 percent of its value.  If our paychecks were increasing faster than inflation this wouldn’t be a problem, but in recent years this has definitely not been the case for most Americans.

And unfortunately inflation is starting to accelerate once again.  In fact, it is being reported that inflation rose at the fastest pace in four years in January…

Quote
The prices Americans pay for goods and services surged in January by the largest amount in four years, mostly reflecting a rebound in the cost of gasoline that’s taking a bigger chunk out of household incomes.

The consumer price index, or cost of living, rose by a seasonally adjusted 0.6% in January, the government said Wednesday.

Meanwhile, our incomes have been incredibly stagnant.   In fact, we just learned that median household income did not go up at all during 2016.

This is one of the reasons why we consistently see families fall out of the middle class month after month.  Even if you keep the same job year after year, your standard of living is going to steadily go down unless your pay goes up.

The things that we all spend money on month after month just keep going up in price.  I am talking about food, housing, medical care and other essentials.  If there is one thing that we can always count on, it is the fact that things are going to cost more tomorrow than they do today.

Let’s talk about food for a moment.  Whenever I go to the grocery store, I am almost always shocked.  I still remember a time when I could get everything that I needed for an entire week for about 20 bucks, but these days you can’t even fill up one cart for 100 dollars.

That is because food prices have been rising aggressively for many years.  The following is a list that was posted on The Economic Policy Journal that shows how much some food and grocery items have increased over the past decade…

Quote
1. Tobacco and smoking products

-Price increase: 90.4%

2. Margarine

-Price increase: 63.6%

3. Uncooked ground beef

-Price increase: 46.3%

4. Shelf stable fish and seafood
-Price increase: 45.0%

5. Prescription drugs
-Price increase: 43.5%

6. Rice, pasta, cornmeal
-Price increase: 40.3%

7. Bread
-Price increase: 38.9%

8. Snacks
-Price increase: 38.4%

9. Miscellaneous poultry including turkey
-Price increase: 37.0%

10. Apples
-Price increase: 36.6%

11. Frankfurters
-Price increase: 35.8%

12. Canned vegetables
-Price increase: 35.3%

13. Salt and other seasonings and spices
-Price increase: 34.0%

14. Miscellaneous fats and oils including peanut butter
-Price increase: 34.0%

15. Miscellaneous processed fruits and vegetables including dried
-Price increase: 33.7%

16. Bacon and related products
-Price increase: 33.2%

17. Fresh whole chicken
-Price increase: 32.5%

18. Cakes, cupcakes, and cookies
-Price increase: 32.1%

19. Flour and prepared flour mixes
-Price increase: 32.1%

20. Canned fruits
-Price increase: 32.0%

And thanks to out of control government spending and reckless manipulation by the Federal Reserve, we have come to a time when inflation is starting to accelerate once again.

According to John Williams of shadowstats.com, if honest numbers were being used the government would be telling us that inflation is rising at a 6 percent annual rate for the first time since 2011.

At the same time, evidence is mounting that U.S. consumers are simply tapped out.  Previously, I have explained that interest rates are going up, consumer bankruptcies are rising, and lending standards for consumers are really tightening up.

All of those are things we would expect to see if a new recession was starting.

And today we learned that the number of Americans refinancing their homes has fallen to the lowest level that we have seen since 2009…

Quote
A slowdown in refinancing pulled down the total mortgage application volume last week as changes to certain government-loan programs made refinances less lucrative. Refinance volume now stands at its lowest level since June 2009.

If you will remember, we also saw a slowdown in mortgage refinancing just before the great financial crisis of 2008.

For mortgage applications overall, they are now down almost 31 percent from where they were a year ago…

Quote
Total mortgage application volume fell 3.7 percent on a seasonally adjusted basis last week from the previous week, and are nearly 31 percent lower than the same week a year ago, according to the Mortgage Bankers Association.

A 31 percent decline in a single year is catastrophic.

If this continues, it won’t be too long before everyone is talking about a new housing crash.

And we also learned this week that FHA mortgage delinquencies increased during the fourth quarter “for the first time since 2006”…

Quote
Federal Housing Administration mortgage delinquencies jumped in the fourth quarter for the first time since 2006, the Mortgage Bankers Association reported Wednesday. The FHA insures low down-payment loans and is a favorite among first-time homebuyers.

The seasonally adjusted FHA delinquency rate increased to 9.02 percent in the fourth quarter from 8.3 percent in the third quarter, MBA data show.

So many things are happening right now that we have not seen happen in many years, but most people are choosing not to see the red flags that are popping up all around us.

None of our long-term economic problems have been fixed.  And even though Donald Trump won the election, the truth is that our economy is in the worst shape it has been since the last financial crisis.  I continue to encourage all of my readers to get prepared for very hard times, but just like back in 2007 we are experiencing a wave of tremendous optimism right now and most people think that the party can somehow continue indefinitely.

Whether Donald Trump won the election or not, the truth is that a major economic downturn was going to come anyway.  You see, Donald Trump is not some magician that can just wave a wand and somehow make the consequences of decades of very foolish decisions instantly disappear.

We have been on the biggest debt binge in human history, and there is going to be a great price to pay when this immense debt bubble finally bursts.

Unfortunately, most people are not going to acknowledge the truth until it is too late.

http://theeconomiccollapseblog.com/archives/this-is-one-of-the-big-reasons-why-so-many-families-are-feeling-extreme-financial-stress

...

I think the main reason Trump won the election was Trump being the only candidate willing to address these issues.

These types of points relating to state driven policy failure and wealth inequality, regularly fall outside the mainstream media talking points and the degree of knowledge one can obtain by exclusively following mainstream sources.

Every other politician I've seen would have swept these issues under a rug and feigned ignorance until the next recession.
4873  Bitcoin / Bitcoin Discussion / #BizofBlockchain event in Boston on: April 18, 2017, 08:12:45 PM
Looks like there are good presentations & info being dropped at the #BizofBlockchain event in Boston.

I haven't seen presentations uploaded in video format & don't know if any will be.

Searching the #BizofBlockchain hashtag on twitter displays preliminary info and contains a few links.

 Grin

Some images/slides from presentations.





4874  Economy / Economics / Are Central Banks Losing Control? on: April 18, 2017, 07:43:40 PM
Quote
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.

If you want a central banker to choke on his croissant, read him this quote from socio-historian Immanuel Wallerstein: "Countries (have lost the ability) to control what happens to them in the ongoing life of the modern world-system."
Stated another way, Wallerstein is asking: what do central banks no longer control?
The quote is from Wallerstein's recent meditation on China: China is Confident: How Realistic?
"The question is how realistic is this self-assessment of China? There are two premises embedded in China’s self-confidence, whose validity need to be investigated. The first is that countries, or rather the governments of states, can actually control what is happening to them in the world-economy. The second is that countries can effectively contain popular discontent, whether by suppression or by limited concessions to demands.
If this was ever even partially true in the modern world-system, these assertions have become very dubious in the structural crisis of the world capitalist system in which we find ourselves today."

Central banks still claim absolute control over their currency, interest rates,what's legal/outlawed in their financial systems, and so on.
Wallerstein is suggesting that era has ended and central banks are losing control of the value of their currency, their role in the global economy and the social discontent that is the ripening harvest of central bank policies that have greatly enriched the rich at the expense of everyone else.
I don't think Wallerstein picked China out a hat. Though every central bank is experiencing the same erosion of control, China is visibly losing control of the value of its currency, the yuan, and its runaway debt burden, which has skyrocketed from less than 20 trillion RMB 13 years ago to over 160 trillion RMB.



This matters because instability in a nation's currency quickly spreads to the economy and then to society: as a currency depreciates, the value of everyone's money declines, i.e. the purchasing power of their money is diminished.
When a currency is devalued, everyone holding that currency is instantly poorer.
When people become poorer through no fault of their own, they become angry with the authorities who engineered the devaluation or let it happen.
This leads to the social discontent Wallerstein references.
Another erosion of purchasing power occurs when wages stagnate while the price of goods and services rises. Can central banks control the erosion of wages' purchasing power? There is little evidence they can.

As for a central bank's control of its role in the global economy: those confident in China's ascent to global #1 power assume China will remain the world's workshop at least until its domestic populace can absorb all the goods it produces.
But it seems increasingly evident China's role as the world's workshop is under threat, and that it doesn't control the erosion of that role. Domestic populism is trending against globalism, wages are rising in China as the populace urbanizes, prices are rising faster than wages and the potential for disruptive trade wars is rising.
As for what's outlawed/banned: recently, I've been engaged in some lively online debates about the possibility of China banning bitcoin transactions.
Most people in the discussion reckon China (or any government with a high degree of control of its populace) can shut down bitcoin with no difficulty. The threat of a severe penalty would be enough, or so I'm told.
I'm not so sure. Look what prohibiting alcohol did: it created an entire economy devoted to bypassing the authorities' restrictions on alcohol. The penalties were fairly severe, but threats didn't work when profits beckoned.
If a nation's currency is losing purchasing power, threats are unlikely to be effective. Indeed, threatening the populace as they try to retain the purchasing power of their capital/savings would be an act of desperation born of a recognized loss of control.

Wallerstein is right: central banks--including the Federal Reserve-- are losing control of the value of their currencies, their role in the global economy and the social discontent that arises as central bank policies negatively impact average citizens.
It's by no means guaranteed that central banks will be able to maintain their death-grip on interest rates, either.
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding. The returns on their "investment" is diminishing rapidly, and they're losing control of everything that matters.



http://charleshughsmith.blogspot.com/2017/03/are-central-banks-losing-control.html

Are central banks losing control? There could be evidence for it.

The bubble can't be inflated forever, at a certain point it will pop.   Shocked

Many common financial policies and social programs are acknowledged as being unsustainable.

What does everyone think about this?
4875  Bitcoin / Bitcoin Discussion / Re: $300 million dollar deal for nChain on: April 18, 2017, 07:05:14 PM
Does this confirm Craig Wright is bought and owned by a special interest group that paid him $300 million?

And that in exchange for the investment, Craight Wright will say & do whatever those special interests tell him to?
4876  Bitcoin / Bitcoin Discussion / Re: We knew the Large Bitcoin Collider was useless, now we know it's also rootkit on: April 18, 2017, 06:26:40 PM
damn, why isn't this already in the first page. consider this as a bump.

It seems as if there are farmed accounts that only bump low quality threads.

I have to go to page 2 or 3 to find posts that are informative and interesting.

Not sure why that is, but a lot of forums are structured this way.  Undecided
4877  Bitcoin / Bitcoin Discussion / Re: Maersk, Walmart & others already applying blockchain technology to everyday use on: April 18, 2017, 06:10:48 PM
Looks like there is more detailed and in depth information released on this topic at the #bizofblockchain event.



No clue what that is, who is involved or even who the twitter account who mentioned it is.

Sounds supa cool though.   Smiley
4878  Bitcoin / Bitcoin Discussion / Re: Maersk, Walmart & others already applying blockchain technology to everyday use on: April 17, 2017, 09:38:55 PM
There have being a list of patents filed for blockchain and hope you know who is behind all those filed patents,it is none other than Craig Steven Wright and block chain is the invention of the century which could ease many things and brings legitimacy and transparency and can decrease the cost of operation.

There's a theory that says David Kleiman was Satoshi.

Its a good theory & maybe there's a good possibility David Kleiman(deceased) was Satoshi.

That's the only reason I brought it up. 

Quote
Everything makes sense if David Kleiman was Satoshi Nakamoto. Here’s why

There is so much about Craig Wright’s claim to be Satoshi Nakamoto that does not add up.

It all started back in December when he was ‘outed’. The problem is all the evidence back then pointed to an elaborate fraud, orchestrated by Wright himself.

Why would Craig Wright want people to believe he is Satoshi Nakamoto? Well, he’s under investigation from the Australian Tax authorities who gave his company a $54m tax refund for spending on R&D, spending it looks possible was never was actually spent, since the manufacturer denied ever selling the supercomputer this research was supposed to be carried out on. If he could persuade them he was Satoshi Nakamoto it would certainly help him convince them of his legitimacy, and make it easier to attract additional investment. The motive here is obvious.

David Kleiman was an expert in Computer security. He was paralyzed from the chest down after a motorcycle accident in 1995 and became a reclusive computer forensics obsessive. In late 2010 he was hospitalised where he would remain until discharging himself a few months before his death from MRSA complications in April 2013. He died broke and in squalor.

In December 2015, following the ‘leaked’ documents, Gizomodo ran with the headline “This Australian Says He and His Dead Friend Invented Bitcoin”, and Wired said:

Another leaked email from Wright to computer forensics analyst David Kleiman, a close friend and confidant, just before bitcoin’s January 2009 launch discusses a paper they’d been working on together.
From the leaked documents, it seems the tone was that Kleiman and Wright worked on Bitcoin together.

Fast forward to the BBC interview and Wright says that while there were others involved, he [Wright] “was the main part of it”.

If the leak was the result of a genuine hack on Wright, then the documents that were leaked should be considered more accurate than anything Wright is saying now, since everything he is saying now he will be shaped to serve his own self interest.

If the leak was made by Wright, as seems likely, perhaps the change of tone reflects a change in strategy. Maybe ‘sharing’ credit for somebody else’s work feels more acceptable, but you get to a certain point where you’ve sunk so deep into the deceit and you might as well go all the way.

It gets even more interesting, according to the Gizmodo article Wright made contact with some of Kleiman’s business partners in February 2014 to inform them they’d been working on a project together and that Kleiman had mined an enormous amount of Bitcoins, and he requested they check his old computers for wallet files.

Kleiman’s business partner, Patrick Paige, called to ask for more information and was told by Wright that Kleiman was the creator of Bitcoin, before he later backpedaled and said Bitcoin was invented by a group of people which included Kleiman.

At around this same time, on Feb 12th 2014, Kleiman’s then 92 year old father commented on a Techcrunch article about Bitcoin with the message “Please send information pertaining to David Kleiman’s participation in the development of Bitcoin”. Perhaps this was related to something Kleiman had told his father while still alive, or details of Wright’s phone call being passed on by Paige.

There is good reason to believe Kleiman and Wright knew each other well. Wright posted an emotional tribute to Kleiman on YouTube (since removed) upon learning of his death. It is entirely possible that Wright was a trusted friend and confidante of Kleiman’s, and this might have given him access to information that ‘only Satoshi could have known’ that would have been useful when Craig Wright convinced Gavin Andresen of his legitimacy.

What does not make any sense, if Wright is Satoshi, is for him to create a trust to prevent himself being able to access his own Bitcoins until 2020 – and leave this in the trust of a man in Florida.

Such a trust is detailed in the December 2015 leak and includes bizarre stipulations including that if Wright dies, all the Bitcoins would transfer to his wife, minus a deduction to show the “lies and fraud perpetrated by Adam Westwood of the Australian Tax Office against Dr Wright”. It would be interesting to know when the Australian Tax Office began their investigation. The trust is dated 9th June 2011, and values 1.1 million Bitcoins at $100,000 at a time when their actual value was closer to $30 million. The document is just odd and full of inconsistencies.

What seems more likely is that Kleiman possessed the Bitcoins, and Wright is trying to create a retrospective paper trail to enable him to make a legal claim for ownership of them in the event they ever become accessible. Perhaps Kleiman had made provisions that would enable his family to recover his Bitcoins at some future point in the event of his death, and that he had disclosed details of this to Wright.

Everything makes a lot more sense if David Kleiman was Satoshi Nakamoto and confided in Craig Wright. It explains why Wright would possess enough information to convince some people of his authenticity, but has been unable to provide any verifiable proof that he has access to any of Satoshi’s private keys. Craig Wright has gone to an extraordinary level of effort to convince people he is Satoshi Nakamoto. Given that 1.1 million Bitcoins are currently worth around $500m – it’s not hard to imagine why.

If Craig Wright is Satoshi Nakamoto he could easily verify it cryptographically. The fact he has gone to such lengths without providing this proof suggests he simply doesn’t have it. What’s most likely to happen next? Well, if he’s been involved in Bitcoin since the early days he probably has some early coins – so he’ll probably move them as ‘proof’. Not early enough to be linked to Satoshi, but early enough for him to claim they are and make the circus drag on a little longer.

I believe the fact that he has gone to such lengths to link himself to 1.1 million Bitcoins held by Kleiman suggests he genuinely believes David Kleiman possessed that number of Bitcoins, and that he has a chance of being able to claim them for himself. This adds support to the idea that Kleiman, and possibly the also deceased Hal Finney, really were Satoshi Nakamoto.

It is also notable that Kleiman was hospitalised in late 2010. Gavin Andresen became lead developer of Bitcoin in December 2010 and Satoshi then disappeared.

Whatever is happening is fascinating, it’s a plot worthy of Hollywood. Sadly, this is the real world, and I can’t help but feel sadness for the family of David Kleiman who are possibly about to encounter tremendous invasions of their privacy as a consequence of Craig Wright’s actions.

Keiman was a security expert who practised what he preached. All his data was no doubt encrypted and any evidence of his being Satoshi likely died with him. It is possible this mystery will never be solved.

It is also possible that David Kleiman had nothing to do with Bitcoin at all.

I just know that if he was Satoshi, he seemed a modest man who died a pauper while likely sitting on a trove of millions and avoiding the abundance of recognition he deserved. Craig Wright on the other hand is an egotist who fakes having PhDs and drags out a bizarre media circus to reveal himself as Satoshi without providing simple evidence.

https://seebitcoin.com/2016/05/everything-makes-sense-if-david-kleiman-was-satoshi-nakamoto-heres-why/
4879  Bitcoin / Bitcoin Discussion / Re: We knew the Large Bitcoin Collider was useless, now we know it's also rootkit on: April 17, 2017, 03:07:31 PM
I suppose now they did not show evidence for those claims? 5 in 100 is 1 in 20 trillion... it does not make sense even for me when I don't think I'm any good at statistics and maths.

It was cited in a vice article on large bitcoin collider, published this month, which interviewed one of lbc's developers.

https://motherboard.vice.com/en_us/article/the-large-bitcoin-collider-is-generating-trillions-of-keys-and-breaking-into-wallets

No evidence shown as far as I know, although vice probably did make an effort to confirm the identity of the person they were interviewing to ensure they were associated with lbc.

This is already being discussed on the project's thread, from here onwards.

Thx for the info.
4880  Bitcoin / Bitcoin Discussion / Re: We knew the Large Bitcoin Collider was useless, now we know it's also rootkit on: April 17, 2017, 02:56:04 PM
Large bitcoin collider claims they generated 100 trillion keys and found 5 keys that worked.

I'm not sure I believe that.

A normal password with more than 8 digits can have trillions of possible combinations.

100 trillion keys doesn't seem like it would do anything.
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