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

[Vlad2Vlad]

Bitcoin has 16 millions circulating supply, what am I missing?

Everytime bitcoin splits everyone gets an equal amount on each new chain.  That's dilution.  100% dilution each time.  There are now at least 3 splits so I was being generous with only 42 million.  And more splits are coming.  Bitcoin is being minted and diluted more than the Venezuelan trash bills.  That's a simple and true fact that few seem to get.

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[x2666]

Where's the logic in that?  Bitcoin has 42+ million coins and many more coming.  

Bitcoin has 16 millions circulating supply, what am I missing?

Well, he didn't say in circulation. 42 million is 21 million BCH + 21 million BTC.
As far as I'm concerned
Bitcoin is now BCH + BTC.
BCH is the true successor and segwit is an illegitimate takeover by blockstream and the btcfoundation.
Taxes should be low or nonexistent.
Craig Wright has a high probability of being Satoshi Nakamoto.

and of course, Ixcoin will ascend to its rightful position as a prominent chain.

[rock2]

I can not figure out.

[Vlad2Vlad]

Where's the logic in that?  Bitcoin has 42+ million coins and many more coming.  

Bitcoin has 16 millions circulating supply, what am I missing?

Well, he didn't say in circulation. 42 million is 21 million BCH + 21 million BTC.
As far as I'm concerned
Bitcoin is now BCH + BTC.
BCH is the true successor and segwit is an illegitimate takeover by blockstream and the btcfoundation.
Taxes should be low or nonexistent.
Craig Wright has a high probability of being Satoshi Nakamoto.

and of course, Ixcoin will ascend to its rightful position as a prominent chain.

BINGO!!!  This guy gets it.  

But there are others splits and more coming so it's ridiculous.  People don't understand that's literally like printing new bills, it's massive dilution.  I agree about Dr. Wright, he's got the goods and the playbook, I'd follow whatever chain he goes to - he's a very high probability of success.  

[Vlad2Vlad]

I can not figure out.

Meditate on what absolute Truth means and it will come to you. 

[HardFireMiner]

Bitcoin has 16 millions circulating supply, what am I missing?

Everytime bitcoin splits everyone gets an equal amount on each new chain.  That's dilution.  100% dilution each time.  There are now at least 3 splits so I was being generous with only 42 million.  And more splits are coming.  Bitcoin is being minted and diluted more than the Venezuelan trash bills.  That's a simple and true fact that few seem to get.

I got your point, but they are 2 different coins, I really don't think BTC has 42 million coins cause of the August's split, of course, people are different and they have different opinions, I respect your's, otherwise I wouldn't comment here.

You are promoting IXcoin, I get that, but it's not going to happen.

[Gleb Gamow]

Fuck you, Vlad. I can't think of a good comeback for that awesome reply. Keep 'em comin'!

PS: Wanna buy a duck?

Hahaha.  You kill me sometimes!!!

Ducks.  They confuse me.  If I go more than 2 years without a date ducks start to give me a tingly feeling.  I think it's that slut walk they got going on.  True story dude.  lol

Telling? Are you alluding to once dating a gal who walked like a duck? If I'm correct, chaulk it up to being able to read between the lines. If not, chaulk it up to Bruno humor. HAHAHA

[HardFireMiner]

Fuck you, Vlad. I can't think of a good comeback for that awesome reply. Keep 'em comin'!

PS: Wanna buy a duck?

Hahaha.  You kill me sometimes!!!

Ducks.  They confuse me.  If I go more than 2 years without a date ducks start to give me a tingly feeling.  I think it's that slut walk they got going on.  True story dude.  lol

Telling? Are you alluding to once dating a gal who walked like a duck? If I'm correct, chaulk it up to being able to read between the lines. If not, chaulk it up to Bruno humor. HAHAHA

I think he means he dated a girl with duck fake lips that even had a duck walk.

[x2666]

Everytime bitcoin splits everyone gets an equal amount on each new chain.  That's dilution.  100% dilution each time.  There are now at least 3 splits so I was being generous with only 42 million.  And more splits are coming.  Bitcoin is being minted and diluted more than the Venezuelan trash bills.  That's a simple and true fact that few seem to get.

You are promoting IXcoin, I get that, but it's not going to happen.

What's not going to happen? More forks? Segwit 2x may well become another hardfork in a few months.

You better not be talking about Ixcoin, Ixcoin already happened! It's the happening, dude.

Anyways this is a repost but it absolutely belongs in this thread:

BLOCKSTREAM VOLCANO LAIR - Blockstream Core, masterminds behind SEGWIT, today released their reaction to SegWit's activation.

Blockstream CEO Adam Back said on hearing the news, "I am thrilled that our patented SegWit™ technology has been smoothly adopted. Our technology provides unprecedented business opportunities for the entire banking industry, possibly with some other fringe applications."

On the way back to NSA headquarters, Blockstream psyops engineer theymos gave a statement by phone, saying "As a long-time employee of BitMain, I am proud to have been even a small part of this grand achievement, brought to you by the great folks at the Bitcoin Foundation. While Goldman Sachs does not always get the best reputation, I think that our actions here have thoroughly proven that the Bilderberg Group is merely a normal, benevolent group of people."

Luke Dashjr, whose UASF support proved essential to SegWit's success, announced plans for a new, non-Bitcoin UASF which would softfork the decimal number system into Tonal, finally addressing the covert deciboost attack which has been ongoing for millennia.

Although his identity remains unknown, the Supreme Troll Army Commander was heard issuing a command to "execute order 141" to all troll army lieutenants.

"THE SCREAMS OF THE INNOCENT WILL ECHO THROUGH MY HALLS", said Blockstream CTO Greg Maxwell from his skull throne. He proceeded to carve "1MB" into a shrieking supplicant's flesh while laughing manically.

All in all, spirits are high and tensions low at Blockstream Core HQ, even despite the ominous timers which fill every wall, slowly but inexorably counting down to some unknown event which lead developer Wladimir will only describe as "an EARTH-SHATTERING surprise which only those who have experienced Bitcoin's TO-THE-MOON journey will be able to truly appreciate." I guess we'll just have to wait and see what's next for Bitcoin!

[MarketMagic]

Odd that you provided a link that's been broken for some time. Try this one: https://web.archive.org/web/20111006095633/http://www.scss.tcd.ie:80/~clearm/bitcoin.html

Ok thanks.It's an old link so he must have taken it down.

I was alluding to where did you glean it from?

I forget where it came from maybe off the forum here somewhere.Another theory suggests that computer scientists Donal O'Mahony and Michael Peirce/pierce are Satoshi, based on a paper that they authored concerning digital payments, along with Hitesh Tewari, based on a book that they published together. O’Mahony and Tewari also studied at Trinity College, where Michael Clear, a graduate cryptography student at Dublin's Trinity College was a student.

Of course we could go all the way around the clock and get back to Nick Szabo etc etc but who would like to wager a slice of pizza on who satoshi really is/are?

Yes you are correct.Very clever way to put things too.E-cash is the source of the Nile regarding Bitcoin.Then came opencoin which is now ripple however opencoin started before bitcoin and then later changed to ripple and headed up by McCaleb who is another contender.Here look at this further info for comparisons to see all related project types that correolate and if cross checking show similarities.


https://opencoin.org  Originally named Opencoin and renamed Ripple,Ryan Fugger conceived Ripple in 2004 ...(andreessen/Chris Larsen,Jed McCaleb. etc etc)Began 2007.The Plan to Unite Bitcoin With All Other Online


History

The initial project was funded by the LDA, and brought together a team interested in law, cryptography, software, money theory, mobile phone development. This team produced the protocol, a first iteration of software, a legal report and a cryptographic report.

Now, after a break of about a years time, the project is getting momentum again, with usuable software being developed, and a strong desire to get it used in the real world.

"Our electronic cash system is based on the invention by David Chaum, http://www.chaum.com/articles/Security_Wthout_Identification.htm

http://www.researchgate.net/publication/2389681_The_Power_of_RSA_Inversion_Oracles_and_the_Security_of_Chaum's_RSA-Based_Blind_Signature_Scheme who delivered the basic cryptographic building block. Those blocks can then be used to setup a flow of communication, which gets standarized into a protocol."

Opencoin has developed such a protocol, and the protocol got a first audit by cryptographic experts. Result: 'we did not fall off our chairs laughing' - no obvious flaws were found.






http://www.differencebetween.info/difference-between-bitcoin-and-ripple

[Vlad2Vlad]

Whoever posted that Blockstream bit is a genius.

No further comments on my duck encounter.      

[MarketMagic]

On the way back to NSA headquarters, Blockstream psyops engineer theymos gave a statement by phone, saying "As a long-time employee of BitMain, I am proud to have been even a small part of this grand achievement, brought to you by the great folks at the Bitcoin Foundation. While Goldman Sachs does not always get the best reputation, I think that our actions here have thoroughly proven that the Bilderberg Group is merely a normal, benevolent group of people."

I dont think Bitmain would employ him.Is that not Mr Jihan Wu outfit aka the big block/2x arch enemy?

[Gleb Gamow]

Odd that you provided a link that's been broken for some time. Try this one: https://web.archive.org/web/20111006095633/http://www.scss.tcd.ie:80/~clearm/bitcoin.html

Ok thanks.It's an old link so he must have taken it down.

I was alluding to where did you glean it from?

I forget where it came from maybe off the forum here somewhere.Another theory suggests that computer scientists Donal O'Mahony and Michael Peirce/pierce are Satoshi, based on a paper that they authored concerning digital payments, along with Hitesh Tewari, based on a book that they published together. O’Mahony and Tewari also studied at Trinity College, where Michael Clear, a graduate cryptography student at Dublin's Trinity College was a student.

Of course we could go all the way around the clock and get back to Nick Szabo etc etc but who would like to wager a slice of pizza on who satoshi really is/are?

Yes you are correct.Very clever way to put things too.E-cash is the source of the Nile regarding Bitcoin.Then came opencoin which is now ripple however opencoin started before bitcoin and then later changed to ripple and headed up by McCaleb who is another contender.Here look at this further info for comparisons to see all related project types that correolate and if cross checking show similarities.


https://opencoin.org  Originally named Opencoin and renamed Ripple,Ryan Fugger conceived Ripple in 2004 ...(andreessen/Chris Larsen,Jed McCaleb. etc etc)Began 2007.The Plan to Unite Bitcoin With All Other Online


History

The initial project was funded by the LDA, and brought together a team interested in law, cryptography, software, money theory, mobile phone development. This team produced the protocol, a first iteration of software, a legal report and a cryptographic report.

Now, after a break of about a years time, the project is getting momentum again, with usuable software being developed, and a strong desire to get it used in the real world.

"Our electronic cash system is based on the invention by David Chaum, http://www.chaum.com/articles/Security_Wthout_Identification.htm

http://www.researchgate.net/publication/2389681_The_Power_of_RSA_Inversion_Oracles_and_the_Security_of_Chaum's_RSA-Based_Blind_Signature_Scheme who delivered the basic cryptographic building block. Those blocks can then be used to setup a flow of communication, which gets standarized into a protocol."

Opencoin has developed such a protocol, and the protocol got a first audit by cryptographic experts. Result: 'we did not fall off our chairs laughing' - no obvious flaws were found.






http://www.differencebetween.info/difference-between-bitcoin-and-ripple

11 years later, Julien Lamarche is a Bitcoiner: ref. https://web.archive.org/web/20060412004047/http://ripple.python-hosted.com:80/

On the way back to NSA headquarters, Blockstream psyops engineer theymos gave a statement by phone, saying "As a long-time employee of BitMain, I am proud to have been even a small part of this grand achievement, brought to you by the great folks at the Bitcoin Foundation. While Goldman Sachs does not always get the best reputation, I think that our actions here have thoroughly proven that the Bilderberg Group is merely a normal, benevolent group of people."

I dont think Bitmain would employ him.Is that not Mr Jihan Wu outfit aka the big block/2x arch enemy?

Whoever posted that Blockstream bit is a genius.

No further comments on my duck encounter.      

James Simons is all I'm saying. 

[HardFireMiner]

@x2666, sorry mate, I did not come here to argue, I came here to read smart people's opinions. I just don't think TRB will be IXCoin, I am not buying it, no offence.

[Gleb Gamow]

Michael Linton, originally from the UK, has been active in community currency development since 1982 when he designed and began the first LETSystem in the Comox Valley, in western Canada. Previously, and briefly, he was a physicist, chemical engineer, computer programmer, business school graduate (MBA), research psychologist, truck-driver, ski instructor, school teacher, builder, fisherman, logger and retailer. He is also a qualified teacher of the Alexander Technique. He is now a systems designer, working primarily on systems for open society. For his most recent work, and links to earlier publications - www.openmoney.org

[MarketMagic]

James Simons is all I'm saying. 

Do you think he is Satoshi? https://en.wikipedia.org/wiki/James_Harris_Simons

[Vlad2Vlad]

Michael Linton, originally from the UK, has been active in community currency development since 1982 when he designed and began the first LETSystem in the Comox Valley, in western Canada. Previously, and briefly, he was a physicist, chemical engineer, computer programmer, business school graduate (MBA), research psychologist, truck-driver, ski instructor, school teacher, builder, fisherman, logger and retailer. He is also a qualified teacher of the Alexander Technique. He is now a systems designer, working primarily on systems for open society. For his most recent work, and links to earlier publications - www.openmoney.org

What's this about.  You've thrown out like 3 names now but with nothing backing them up. 

[HardFireMiner]

@Vlad2Vlad, @x2666 And one more thing, Bitcoin's max supply is 21 million.
What is IXcoin's max supply? Also 21 million? 912 more coins to be mined are left.

If the supply is 21 million only for IXcoin, it means it is 99.99565714285714% already distributed and I highly doubt it many people hold it, my estimate is around 0.001% at best of the BTC's distribution (people that hold it).

This means that IXcoin is highly centralized held be a few, very easy to manipulate it.

So yes, I call bullshit on IXcoin, TRB(whichever will be) is much better than this.

[Gleb Gamow]

Michael Linton, originally from the UK, has been active in community currency development since 1982 when he designed and began the first LETSystem in the Comox Valley, in western Canada. Previously, and briefly, he was a physicist, chemical engineer, computer programmer, business school graduate (MBA), research psychologist, truck-driver, ski instructor, school teacher, builder, fisherman, logger and retailer. He is also a qualified teacher of the Alexander Technique. He is now a systems designer, working primarily on systems for open society. For his most recent work, and links to earlier publications - www.openmoney.org

What's this about.  You've thrown out like 3 names now but with nothing backing them up.  

Thanks to Julien Lamarche, we have a nice little promo button! Now, anyone want to design a new logo?


Ripple was inspired by the LETS concept and the writings of Michael Linton, and was conceived originally as a way to bring more accountability into the spending of credits in a LETS system. Unlike LETS, which only tracks obligations to and from a single central intermediary, Ripple tracks obligations between individuals in a social network. In practice, many LETS users and administrators have complained that LETS provides little incentive to make good on one's obligations other than the desire to have the system work. In Ripple, obligations are never to "the system", or to some other collective entity, but in specific amounts to specific individuals who have agreed to trust you, and the loss of whose trust would have a tangible effect on a participant's life should they decide to renege on their obligations.

[x2666]

This means that IXcoin is highly centralized held be a few, very easy to manipulate it.

So yes, I call bullshit on IXcoin, TRB(whichever will be) is much better than this.

We've openly posted the holding distribution in a bubble chart, we have a chain explorer. Of course it isn't as decentralized in holdings as Bitcoin but this doesn't preclude it from success. It is relatively well distributed and there is nothing preventing people from buying. Regardless, there is nothing particularly wrong with large holders of a chain, as long as they obtained their holdings legitimately. In fact, many of the top coins have massively centralized distributions and that appears to have helped them in propping up the price.

If you don't believe in Ixcoin, ok, sure, but I think it's pretty stupid to be posting in Ixcoin threads then.