-- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World!

[Vlad2Vlad]

"Looks like Vlad has our thread fully under control."

Those guys look sooooo Romanian.   

[Gleb Gamow]

"Looks like Vlad has our thread fully under control."

Those guys look sooooo Romanian.  

Meanwhile, somewhere in Lithuania, the oldest nation on Earth, ...


"Darius, please go outside home and see if neighbors, Fabius and Jokubas, are still outside their home naked. Their schwänze scare me!"

[Vlad2Vlad]

Mental midgets!

All the tools at /r/BTC are now saying they don't need no govt approved COIN ETF. 

Yeah, that's the way, OGs!!!  ANARCHY!!!

So they're willing to split Bitcoin in 2-3 pieces even if it means throwing COIN in the trash.

Anybody have the winklevii twins number?  It's not too late to insert a Bitcoin twin in that ETF application! 

[Vlad2Vlad]

Winklevii Twins preparing the COIN ETF for a chain split!

This the 9th amendment to the COIN ETF Application.

---

In the event a developer or group of developers proposes a modification to the Bitcoin Network that is not accepted by a majority of miners and users, but that is nonetheless accepted by a substantial plurality of miners and users, two or more competing and incompatible Blockchain implementations could result. This is known as a “hard fork.” In such a case, the “hard fork” in the Blockchain could materially and adversely affect the perceived value of bitcoin as reflected on one or both incompatible Blockchains, and thus the value of the Trust’s bitcoin.

more:

In the event of an upcoming modification to the Bitcoin Network that could potentially result in a hard fork with two separate and incompatible Bitcoin Networks, the Custodian, in consultation with the Sponsor, will elect to support the Bitcoin Network that has the greatest cumulative computational difficulty for the forty-eight (48) hour period following a given hard fork, in order to engage in bitcoin transactions and the valuation of bitcoin. During this forty-eight (48) hour period and for the twenty-four (24) hour period prior to the anticipated fork, creation and redemption of baskets will be halted.

---

So the COIN ETF will go with the long chain.  End of story.

The probability of a chain split just skyrocketed.  But at least Bitcoin will still get the ETF license which I've always maintained that it was a guarantee. 

COIN ETF License is expected next month.  If it happens then $10,000 will come fast and furious and we'll probably see $50,000 this year and that's just Bitcoin hitting its stride.

That's crazy talk but it's the new reality. 

Live it.  Love it. 

[Vlad2Vlad]

Satoshi cooking up a big new batch of BOOM!!!

Something something about Legos.  I never had the patience for those things.

Fun times are coming. 


PS. - Theymos, you had your chance, we're done, I got Satoshi now. 

[Vlad2Vlad]

Satoshi says...

"Vlad, you're a world class cyberpunk hacker and a true visionary, there is so much I can learn from you.  The key to the success of crypto is in you."

Ok, ok, that's an absolute lie but I badly need to make news friends and to figure out a way to leverage this for IXC before Satoshi blocks me again. 

[Gleb Gamow]

Satoshi says...

"Vlad and Bruno, you two will be my guess when I accept the Noble Peace Prize sometime within the next five years."

[Vlad2Vlad]

Satoshi says...

"Vlad and Bruno, you two will be my guess when I accept the Noble Peace Prize sometime within the next five years."

Satoshi says..

"Nevermind the Nobel Peace Prize, it's been tainted by too many fakes.  You two are invited when I accept my Nobel prize in economics.  Especially Vlad since he's a *cough* economist."

[FunkyDuck]

Satoshi says...

If you use Bitcoin to study Ixcoin, you won't understand either. If you study Ixcoin without studying Bitcoin, you'll understand both.

Many roads lead to the path, but basically thare are only two, Ixcoin and Bitcoin.

[Gleb Gamow]

Satoshi says...

"Vlad and Bruno, you two will be my guess when I accept the Noble Peace Prize sometime within the next five years."

Satoshi says..

"Nevermind the Nobel Peace Prize, it's been tainted by too many fakes.  You two are invited when I accept my Nobel prize in economics.  Especially Vlad since he's a *cough* economist."

Me's an idiot for saying peace 'stead economics. Sorry, Satosh! Can I call you Satosh? We're buds, right? No, not that wright or the opposite of left. You're not from around here, are you?

Three Satoshis walk into a bar. The bartender yells, "Drinks are on me, boys, while Trinity slap the shit outta the Satoshis."

[Vlad2Vlad]

Panic dump, incoming!!!

Major Chinese exchanges freeze withdrawals [for btc only] for 30 days, for *cough* AML.

Chain split.  People panic but you can't pull your btc out. 

Reverse Gox!!!  Massive panic dump coming in China.  Sub $100 btc wouldn't surprise me. 

[Gleb Gamow]

Panic dump, incoming!!!

Major Chinese exchanges freeze withdrawals [for btc only] for 30 days, for *cough* AML.

Chain split.  People panic but you can't pull your btc out. 

Reverse Gox!!!  Massive panic dump coming in China.  Sub $100 btc wouldn't surprise me. 

Did somebody say BATTLE STATIONS on Liaoning?

[Vlad2Vlad]

Battle of the twin brothers!

Full-Crazy is about to cut loose on Cryptoworld, worse than I expected last year, and I expected cryptowar and chaos.

Ive been talking to Satoshi all week and apparently Theymos/Core have turned against him and have stolen things like his account on Bitcointalk.

My feeling is that there's gonna be another Satoshi coming out to stop Dr. Wright from taking over the long chain. 

And it's not gonna be an easy choice, that wouldn't be crypto.   

This is the only twin brothers thread so I think it's quaint that the battle is gonna unfold here.

Told you monkeys we were having special guests. 

[Vlad2Vlad]

Popcorn time is almost here! 

[Gleb Gamow]

Popcorn time is almost here! 

"Please, everybody, remain calm. Not all of us are destined to become prime rib for Bruno's belly."

[Gleb Gamow]

If you dudes are tired of twins, I just penned a post about triplets: https://bitcointalk.org/index.php?topic=1732589.msg17797850#msg17797850

[schnötzel]

If you dudes are tired of twins, I just penned a post about triplets: https://bitcointalk.org/index.php?topic=1732589.msg17797850#msg17797850

Thumbs up! My monitor is full of tea, my face full of tears and i have a sore throat.  


... ah, and last but not least

[Vlad2Vlad]

Satoshi says:  $10,000,000 per Bitcoin!

---

Taking research such as https://mpra.ub.uni-muenchen.de/34778/1/MPRA_paper_34778.pdf (and earlier sources that are no longer available)....

The averaged makeup in 2010 of US currency was (as the nominal Average citizen):

#  Face value of note

31   x  USD      $ 1
7     x  USD      $ 5
5     x  USD      $ 10
21   x  USD      $ 20
4     x  USD      $ 50
23   x  USD      $ 100

This provides 91 Notes (as a mean value) with a value of USD $ 3,036 for the (average) person in the US (including the USD amounts held abroad).

Note, this is the value of money. It does not include the value of goods and services. Most of these are transacted only periodically and not all require cash.

Most critically, this is the total value of the cash holdings in USD that is actually held. Since 2010, the amounts used in credit have increased as well as bank holdings, but the reality of this is that there is not an increased cash requirement.

The value of USD in cash format is (at 2010) limited to a global supply of 1.062 Trillion USD.

This extends to the (static) value of USD notes and the M1 supply as (is inflated) by banks. With this, the total comes to USD 20.827 Trillion.

At This level, the expected value in USD for each Satoshi would come to 0.049588 USD.

When the global money market is factored into this, we have a final expected value of 0.1070109 USD per satoshi.

This is why we are seeking to scale Bitcoin. This is the value it was designed for and why there are 21 million BTC.

This, when coupled with a faster settlement and transaction rate, increases the velocity of money even as it caps the amount.

At 10 minute intervals, the maximum velocity of money with Bitcoin is 2.1E15 x 52,560 Blocks/annum = 1.1E20

---

And I thought I was crazy with my $1 million prediction. 

[Vlad2Vlad]

I'm gonna put this here cause it's important [but mostly cause it makes me feel hacker smart].

Can you find the private key from a signed public key?

Satoshi [Dr. Wright] says:

If the ephemeral key (k) has been reused in the signing of multiple keys or has a poorly designed RNG this is possible. The SN keys are public and block 9 was used in a transaction that leaves the Public Key visible and not just the Key hash.

http://www.nilsschneider.net/2013/01/28/recovering-bitcoin-private-keys.html


Now, where a bitcoin address has not been used in the signing and movement of coin, the double hash of the public key does actually make the pubkey value secret and not able to be discovered (prior to use or other leakage).

The recovery of keys using a quantum computer is not possible in the near term and even was a 1,000,000 Qubit system developed, it would require months (or longer) of compute time.

There is a LOT of FUD around QC and cryptography. There is NO threat in the near term, and in contradiction to what is stated by many (using this as a reason to try to move to other protocols and away from the reference protocol), QC is not a means to suddenly crack ECDSA keys.

The following is the response from one of the scientists quoted by the Economist a few years back that lead to this BS:

Your article regarding D-Wave's demonstration of a "practical quantum computer", sets a new standard for sloppy science journalism. Most egregious is your assertion that quantum computers can solve NP-complete problems in "one shot" by exploring exponentially many solutions at once. This mistaken view was put to rest in the infancy of quantum computation over a decade ago when it was established that the axioms of quantum physics severely restrict the type of information accessible during a measurement. For unstructured search problems like the NP-complete problems this means that there is no exponential speed up but rather at most a quadratic speed up.

Your assertions about D-Wave are equally specious. A 16 qubit quantum computer has smaller processing power than a cell phone and hardly represents a practical breakthrough. Any claims about D-Wave's accomplishments must therefore rest on their ability to increase the number of qubits by a couple of orders of magnitude while maintaining the fragile quantum states of the qubits. Unfortunately D-Wave, by their own admission, have not even tested whether the qubits in their current implementation are in a coherent quantum state. So it quite a stretch to assert that they have a working quantum computer let alone one that potentially scales. An even bleaker picture emerges when one more closely examines their algorithmic approach. Their claimed speed up over classical algorithms appears to be based on a misunderstanding of a paper my colleagues van Dam, Mosca and I wrote on "The power of adiabatic quantum computing". That speed up unfortunately does not hold in the setting at hand, and therefore D-Wave's "quantum computer" even if it turns out to be a true quantum computer, and even if it can be scaled to thousands of qubits, would likely not be more powerful than a cell phone.

Umesh Vazirani

IF and I mean IF a 1 million QBit computer is made in my life time and this is a big if (equal to winning the lottery for the next 20 days without buying a ticket) then it will AT BEST take months if not decades to solve ECC.

Bitcoin addresses would need to have a system that can break ECC is seconds.

Such a system is NOT even theoretically possible.

So, please never listen to the FUD. Forget ideas such as Lamport Signatures. Bitcoin is as it is for a reason and the reason that these others who worry about science fiction did not create it is the reason we need to maintain it as the protocol was created.

It needs to be simple.

http://www.economist.com/blogs/theinbox/2007/02/quantum_computing_3

Edit:  Quantum computing is even less effective on the solutions to hashes.

The trouble that seems to be misunderstood is that a working Quantum computer cannot take an ECDSA signature and reverse this in a single operation as is proposed. All of the QC algorithms are multistep and multistage. The system needs to be reset following each process used in the calculation of a valid ECDSA Signature. This is not something akin to the existing methods used in computer science now.

We have current issues, thinking of possibilities out of theory 20 years hence is the least of the issues we face.

Edit 2:  [oh, I can't get Satoshi to stop once he gets going]: 

Just as a further edit:

http://www.nature.com/articles/npjqi201523

In the Nature article, the talk of how a Billion Qbit quantum computer "could" possibly solve a 2000bit RSA key in a day.

This is still far smaller than a 256 Bit ECC based cryptosystem. The result is that the current research support the position I took in 2007. It is a shame we simply trust others to tell us what is true authoritatively rather than seeking the answers in a scientific manner.

[Vlad2Vlad]

And this, for all the communists, like deadsea33.  lol

Question for Satoshi: is there any way to use crypto to reduce the gap between rich and poor? It looks to me like crypto & blockchain (bitcoin expecially) will simply:
- make the rich richer
- collect personal data
- be the tool for banks & crooks
- launder money, favour illegal activities

What are the advantages for the honest ones?
BitCoin= Bribes Illegal Transactions Criminal Operations International Narcotics

Show me I am wrong
Regards

Satoshi (Dr. Wright) says: 

No, equal is NOT fair.  We can have :

A) Equally poor

B) Wealthy societies that are unequal through growth

Growth makes all people better. It is not inequality that we need to address, but growth. Volatility is a low price to pay for high growth. Research compound interest - growth is the answer to all poverty problems.