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

[Vlad2Vlad]

Ex Tenebris Lux!

[Gleb Gamow]

Clamo, clamatis, omnes clamamus pro IXCoin. 

[Vlad2Vlad]

In December 2010 Hal said Bitcoin would need a second layer payment system (*cough* sidechain) lighter weight, more efficient, faster, etc. 

A few months later, lo and behold, the first bitcoin clone pops up (at a time when only a few people in the world new how to clone bitcoin) is a bitcoin twin and the creator's name is Thomas.

Pop quiz:  What was the name of that coin?

Just more coincidences.   

Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.

Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.

George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.

I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.

[VERUMinNUMERIS]

Good to see some kind of development...

[Gleb Gamow]

In December 2010 Hal said Bitcoin would need a second layer payment system (*cough* sidechain) lighter weight, more efficient, faster, etc. 

A few months later, lo and behold, the first bitcoin clone pops up (at a time when only a few people in the world new how to clone bitcoin) is a bitcoin twin and the creator's name is Thomas.

Pop quiz:  What was the name of that coin?

Just more coincidences.   

Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.

Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.

George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.

I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.

Vlad, don't think for a second that I don't know what you did there. 

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

Selgin's principal research areas are monetary and banking theory, monetary history, and macroeconomics. He is one of the founders, along with Kevin Dowd and Lawrence H. White, of the Modern Free Banking School, which draws its inspiration from the writings of Friedrich Hayek on denationalization of money and choice in currency. A central claim of the Free Banking School is that the effects of government intervention in monetary systems cannot be properly appreciated except with reference to a theory of monetary laissez-faire, analogous to the theory of free trade that informs the modern understanding of the effects of tariffs and other trade barriers. The free bankers argue that, viewed in light of such a theory, financial crises and business cycles are largely attributable to misguided government interference with freely-evolved and competitive monetary arrangements, including legislation granting central banks exclusive rights to issue paper currency.

Selgin is also known for his research on coinage, including studies of Gresham's Law and of private minting of coins during Great Britain's Industrial Revolution, and for his advocacy of a "productivity norm" for monetary policy—a plan that would have policymakers target the growth-rate of nominal gross domestic product at a level that would allow the overall price level to decline along with goods' real (unit) costs of production. According to Selgin, by preventing mild deflation in response to productivity gains, monetary authorities risk inadvertently fueling unsustainable booms or economic bubbles, setting the stage for consequent busts and recession.

His twin brother is author and illustrator Peter Selgin.

[Vlad2Vlad]

Muppets!

I have nothing interesting to say so I'm being basic to bump this thread.

[Vlad2Vlad]

Gleb, I finally got the ADD time span to read your sausage post.

Bunk.

Did you see the news about Dr Wright's $300 million deal with Nchain?

My source came through - your bogus source was a no-show.

You owe me apples!  Romanian apples.

[Gleb Gamow]

Gleb, I finally got the ADD time span to read your sausage post.

Bunk.

Did you see the news about Dr Wright's $300 million deal with Nchain?

My source came through - your bogus source was a no-show.

You owe me apples!  Romanian apples.

Romanian apples purchased and crated. Now, would you be so kind as to publicly provide your mailing address so that I ship them to you. 

[Vlad2Vlad]

The following is a list of those individuals who have achieved the distinctive title of SANS Cyber Guardian.





Get REKT!!!

[Gleb Gamow]

http://deadline.com/2011/02/mtv-goes-underemployed-with-comedy-pilot-from-craig-wright-108302/

"Okay, here's my idea for a new sitcom called Vlad's World - these two dudes, a Romanian and a Lugan ..."

[Gleb Gamow]

Remember my posts about North by Northwest et al.?

https://www.youtube.com/watch?v=2iF73cybTBs

[Vlad2Vlad]

I done been warning you guys for a year now!!!

[Gleb Gamow]

I done been warning you guys for a year now!!!

It's sooooooo obvious! His twin brother did it."

ref: https://www.youtube.com/watch?v=v9_vGMkuNaI

[Vlad2Vlad]

Time to start a WAR!!!

[Gleb Gamow]

Time to start a WAR!!!

I see what you did there - KUNE.

[Vlad2Vlad]

Dr Wright is gonna be proving 16 of his 17 degrees. 

Meanwhile, here, some light reading...


https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2953900

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2953929

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2957057

[Vlad2Vlad]

You riddle loving dudes get first dibs on juicy leaks and launches of weapons of mass destruction.

Blockstream wanted a WAR, here comes WAR!!!

Here is Blockstream's confidential trasactions - https://docs.google.com/viewer?url=patentimages.storage.googleapis.com/pdfs/US20020184504.pdf

This is confidential transactions:
http://www.coindesk.com/confidential-assets-blockstream-reveals-new-bitcoin-privacy-tech/

If you look at Fig 1 in the patent and the material - it is a theft of ideas straight from the patent, se:
https://blockstream.com/2015/08/24/treesignatures/#h.2lysjsnoo7jd

Basically, they have changed the terms and said it is new.

[Vlad2Vlad]

Blackmailing Satoshi!!!










And Oh, the sound of that wicked laugh:

https://bitcoincore.slack.com/archives/C0NGV6P7H/p1492942768673832

[Vlad2Vlad]

People should have given Dr. Wright the benefit of the doubt. 

This woman along with some of Wright's ex employees attempted to extort Dr. Wright.  She wanted her brother out of jail, money, amongst other things. 

Instead of giving in to their extortion and blackmail, Dr Wright went Kamikaze and destroyed his own rep. 

And now Satoshi knows the true face of everyone in Cryptoworld. 

Satoshi is disappointed!  Satoshi is angry!  Satoshi is bringing WAR!!!!


 ~ Feel the Signal! ~

[Gleb Gamow]

Blackmailing Satoshi!!!

Those letters where written in June 2015. But in October 2015, this: https://www.youtube.com/watch?v=LdvQTwjVmrE

Seven is the moderator.

http://nh.porcupine411.com/files/2011/09/2011-09-21_14-32-21.mp3?fb_ref=Default%2C%40Total

Thanks, Vlad. I'll now include BitcoinBelle on my list -> https://bitcointalk.org/index.php?topic=1882273.0