Economic Totalitarianism

[Yakamoto]

Looks like you are in a rush, so we'll catch up with you later (or maybe never, you know Philippine and mañana time):

I laughed at these posts. The pictures were quite entertaining.

I've always thought of purchasing one of those buses to rent out like Taxis or Limos for large parties, but I've never really gotten around to it. And I think I'd avoid sticking people on the roof.

[generalizethis]

futurism.com/links/view/new-police-radars-can-see-inside-homes/

[TPTB_need_war]

Weird:

http://www.abc.net.au/news/2015-08-11/perth-artist-grows-ear-on-his-arm-plans-to-connect-to-internet/6689794

[TPTB_need_war]

Finished the white paper on anonymity. I'd say Monero and Bitcoin are both doomed. I am sitting on an innovation that is going to shock the community.

My eyes took a beating until 3am trying to finish it.

I thought I had achieved my goal some weeks ago when I wrote down the rough algorithm and math. But then when writing it down carefully with all the equations in the white paper, I found a flaw yesterday morning. I worked and worked on it all day and into the night. And I was thinking I had failed. I couldn't delink the ____ from the _____! Every way that I tried failed!

Then suddenly at 1am I figured out how to rescue and achieve my goal for the ON CHAIN anonymity. I could barely see by that time.

This is not an obvious innovation. It was a hard fought epiphany. It is as revolutionary and shocking as Cryptonote was. It is math and math guys will love this.

I am proud of myself. I didn't know if I could achieve this, but I did!

I am now officially an autodidact cryptographer. I've earned my stripes finally after 2.5 years of trying to come up-to-speed.

P.S. Slept well, eyes rejuvenated, heading out to gym. Will try to get back to a more sane work schedule now that I've achieved one of the main milestones.

[OROBTC]

...

Congratulations, TPTB.  

Don't dawdle in getting your work out to people who can vet it (obviously I cannot).  I recall that England's Wiles hit a big snag at the end of proving Fermat's Last Theorem, seems to frequently happen to the best.  Maybe some of your Angel Investors might want a peek.  

Who knows, you might want to get a copy put up very quietly in the cloud (or two or three places) as well as on multiple flash-drives.

I would *guess* that you may find a peer or two here at bitcointalk who would delighted to look over your work without much risk of .gov snooping.

Run with it.  If it's that good, the money's there, some of your problems would be solved.

Estonia has good mathematicians and programmers...  

[TPTB_need_war]

I have a PhD in math from the USA looking at it later this week. And I am trying recruit a prominent person in this forums who has the math and crypto-currency knowledge to evaluate it.

As well, my preexisting two angel investors are both programmers, so they can also evaluate it.

So I should know by next week or so, if there is an unfixable flaw or not. I am reasonably sure I've combed over it with a fine tooth comb already myself.

It also means I am not the only one holding a copy, so killing me won't stop this from being released.

My experience recruiting Europeans has been they are extremely spoiled rotten. They have a very relaxed and laid back attitude about work, and/or extremely self centered. Doesn't mesh with my hard driving, teamwork style. I have a PhD from the USA who is closer to my age. I prefer that. No more young snots for me. Wasted too much time on their nonsense and aggrandized egos already. What happened to the era where young guys wanted to be an apprentice and respected their elders   The era in which the old and wise could give back to the younger generation. The world is upside down.

[generalizethis]

Finished the white paper on anonymity. I'd say Monero and Bitcoin are both doomed. I am sitting on an innovation that is going to shock the community.

My eyes took a beating until 3am trying to finish it.

I thought I had achieved my goal some weeks ago when I wrote down the rough algorithm and math. But then when writing it down carefully with all the equations in the white paper, I found a flaw yesterday morning. I worked and worked on it all day and into the night. And I was thinking I had failed. I couldn't delink the ____ from the _____! Every way that I tried failed!

Then suddenly at 1am I figured out how to rescue and achieve my goal for the ON CHAIN anonymity. I could barely see by that time.

This is not an obvious innovation. It was a hard fought epiphany. It is as revolutionary and shocking as Cryptonote was. It is math and math guys will love this.

I am proud of myself. I didn't know if I could achieve this, but I did!

I am now officially an autodidact cryptographer. I've earned my stripes finally after 2.5 years of trying to come up-to-speed.

P.S. Slept well, eyes rejuvenated, heading out to gym. Will try to get back to a more sane work schedule now that I've achieved one of the main milestones.

Congratulations, now maybe you can have a sleep breakthrough.  Seriously, take better care of yourself.

[r0ach]

Is this standard proof of work + different form of anonymity, or some new, bizarre, finite resource like "proof of capcity" to drive the chain and a system built on top of that?

[trollercoaster]

Congrats sir 

[trollercoaster]

http://aeronet.cz/news/analyza-windows-10-ve-svem-principu-jde-o-pouhy-terminal-na-sber-informaci-o-uzivateli-jeho-prstech-ocich-a-hlasu/

[TPTB_need_war]

Is this standard proof of work + different form of anonymity, or some new, bizarre, finite resource like "proof of capcity" to drive the chain and a system built on top of that?

Now I have to finish the white paper on the consensus network.

It is proof-of-work, but it is a separation-of-concerns innovation that breaks up the responsibilities so that not everything has to go on the block chain. In that way, in theory it becomes scalable and also enables instant confirmations. In theory this prevents mining centralization, and makes it sure you can always push your transaction to the network, i.e. censorship proof. Hopefully it also provides for more fault tolerance to a fragmented internet, but I still need to work through a lot of the details before I can completely characterize the attributes of this design. I am still somewhat in invention mode of some aspects of the consensus network. I have to get all my ideas about the economic details written down and threshed out. I had started to do that, then got sidetracked on the anonymity paper, because the PhD in math needs to work on the anonymity and EdDSA implementations so I had to prepare that first. I already coded Ed25519 implementation, but we need also Ed41417 or Ed521 and I need peer review on all that code as well.

I hope the consensus network design will be more innovative than the anonymity. I was surprised that I stumbled onto to the anonymity innovation. The anonymity alone is enough to release a coin with. So we shouldn't delay too much. I have a lot to balance, because of my health issues. I felt much better after getting to the gym and not being on the computer from noon to 10pm. Maybe it is just trying to do too much as one person. Let's see how organization proceeds...

So now back to my main area of responsibility which will be the consensus network. So I really can't give you a firm summary yet. Also I'd much prefer to not talk in public, as any of this will be released anonymously and then let the market decide from the white papers.

I will talk less about this, so please don't ask me any more questions about it. Not to be unfriendly but for one reason just because I am a US citizen (for the moment) and I feel this is problemmatic. For example, I can not be the controlling group for any such coin due to SEC regulations. That is why I recruit others and I will work on the technology. The other reason is that if anyone does successfully topple Bitcoin, they are going to be subject to so much scrutiny. I am 50 years old. I've had a bizarre life. I don't want to be on public display. I will exit stage left and let others take over. There are many capable people. But only a few people are capable of getting something started from the ground up. I see my role as the instigator.

Edit: I wrote a unique proof-of-work hash in 2014 that can be reused. There is considerable professional cryptanalysis done on this hash I did, because I tweaked a NIST candidate. This will be another innovation. I believe it has advantages over Cryptonote's proof-of-work hash. But let's reserve that judgement to actual bench marks and market performance.

Edit#2: we also need to improve upon Tor, I2P, and Bitmessage. Not only ease-of-use sucks, but also they are fundamentally not reliable anonymity nor even privacy in all scenarios. These are not sufficient for anonymous internet. I discovered the key flaw in Tor and I2P (and not just that it can be Sybil attacked because it is free, which is another flaw that probably needs to be fixed). So I know what needs to be done there also, but I haven't decided whether to do the anonymity network first or the coin first. I am just working as fast as I can. An improved anonymity network can help all crypto-coins including Bitcoin, as well our general use of the internet. The anonymity network work may be the most dangerous. TPTB are very afraid of hidden services economy selling drugs and any other services that TPTB want a monopoly on. They strike with a vengeance against Silk Road, Pirate Bay, etc..

[TPTB_need_war]

Even India is participating in the turning of gold into a useless relic:

http://www.armstrongeconomics.com/archives/35876

[TPTB_need_war]

Must reads to understand the militias:

http://www.nbcnews.com/storyline/michael-brown-shooting/oath-keepers-turn-michael-brown-protests-ferguson-missouri-n407696

http://oath-keepers.blogspot.co.uk/2009/05/keeping-your-oath-not-just-following.html

[Yakamoto]

Even India is participating in the turning of gold into a useless relic:

http://www.armstrongeconomics.com/archives/35876

I'm not surprised that they're attempting to tax gold, countries around the world have managed to dig themselves into a huge amount of debt and they'll need any form of revenue to try and keep them afloat.

I wish the saying "Money makes the world go 'round" was still applicable, but it seems like that it's now "Debt makes the world go 'round".

[trollercoaster]

Tianjin explosion

https://youtu.be/fPEB4nG6jJI

[OROBTC]

...

trollercoaster and amigos

A lot of weird stuff is happening re China now.  I have little doubt that those who say that Chinese economic numbers are made up (hey, if the USA is doing it...).  China is a black hole of trustworthy information, nothing good comes out.

There is a fair amount of speculation (last I read, things may have changed) about exactly what happened in Tianjin.

Nonetheless, this gold, Bitcoin and bearing guy is avoiding any investments directly involved with the BRICS.  I write "directly involved" because almost everything is tied one way or another to what happens in China now.  But, this thought really is more of a "Martin Armstrong" one...

[trollercoaster]

Yer crazy shit happening more and more frequently, my goal for now is to hold US $ while everything else falls apart.

[Yakamoto]

Yer crazy shit happening more and more frequently, my goal for now is to hold US $ while everything else falls apart.

I'm curious as to why you'd want to be holding US$, since there are far better uses for your money instead of keeping it in an ever-inflating currency. have you considered gold or other precious metals? I know it seems ironic, considering the nature of this thread, but you probably still live in a free country, right?

[trollercoaster]

Gold hasn't hit bottom yet (according to Armstrong) so I'm stacking up on $ to get in when all hope is lost, hopefully 

[OROBTC]

...

US$ is not a bad solution for the short-term.  And the "short-term" could drag out if there is a DEFLATION, making US$ a good hedge.

trollercoaster is in "Oz".  So, much of his assets are there.  Holding some US$ is already some diversification.  I don't know what's going to happen re Australia's and America's currencies.

My preference has always been to being extra-diversified.  TPTB is not impressed with my efforts, but I am reasonably happy with my present diversification program (involving Peru where our company is as well as lots of different assets including physical gold).

But, TPTB has shown himself to be a very smart & informed guy.  There is much to be said for preparing for a Knowledge Age as he has discussed.  And he is AT LEAST partly right, I am just too old to learn much.