“Bitcoin and the Rhythms of History” — A great writeup

[BlackHatCoiner]

Disclaimer:  I have no affiliation with Brandon Quittem and I wish this doesn't look like an advertisement which will bring traffic to their website.

However, I recently read an excellent writeup written by them and I wanted to share it with you, guys. Doin' my best to provide some quality content to the “unfortunate” Bitcoin Discussion. ​It starts with an acceptance; that life follows circles. That there are four generations in the so-called Saeculum (90 years) and that currently we're in the last one.

Why four? The following makes sense:

• Weak men create bad times.
• Bad times create strong men.
• Strong men create good times.
• Good times create weak men.

During this Saeculum, that started in 1946, we've passed over artists, prophets, nomads and at the moment we're at the last mood, heroes. It describes that, currently, there are and will be crisis until the end of the decade, at least. Then, as a reference to the known quote that history repeats itself, it analyzes what happened in the previous fourth turnings and how you can protect yourself with Bitcoin during this one.

Just a short summary. It's a very bullish article and I recommend its reading unreservedly: brandonquittem.com/bitcoin-rhythms-of-history

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[DapanasFruit]

Taking things with history and human nature, I would say that these four generations can indeed be true. Humanity can be repeating the same cycle over  and over again though the details can be more colorful with each generation passing into another. How does this thing relate then Bitcoin...that is something I am thinking right now. I can really feel that humanity as a whole is on the cusp of many changes that are about to happen...with many leaders looking at how things can be manipulated for a reset.

[mynonce]

'In other words, even if you make the right trade, the gamemaster might change the rules on you. Bitcoin is the least manipulable asset, it’s prudent to hold some.'

We have to make sure, that Bitcoin's rules can't be changed:

'Many crypto experts have noticed that Bitcoin’s choice of secp256k1 elliptic curve was unusual for its time, as it was not yet well researched. ... Cointelegraph asked one of the world’s leading cryptographers, Tatsuaki Okamoto, about this unusual choice. Okamoto currently serves as director of the Cryptography & Information Security Lab at NTT Research. According to Okamoto, there are two alternative explanations for this choice: Either Satoshi picked because it offers greater efficiency or because it may have offered a secret backdoor.'
https://cointelegraph.com/news/this-researcher-says-bitcoins-elliptic-curve-could-have-a-secret-backdoor

'Laszlo Hanyecz, who worked closely with Satsohi in 2010, told Cointelegraph that he was befuddled by Satoshi’s choice of the elliptic curve secp256k1. The use of this curve, at the time, was unusual. ... At some point, Hanyecz sent Satoshi an email asking him why he picked this particular curve, Satoshi explained to Hanyecz that he had had some experts helping him: “‘I had a bunch of people look at it and they told me this was good.’ And he didn't really elaborate on it, but he said he had experts look at it.” It is not clear exactly when Satoshi sought this outside help, but prior to launching Bitcoin.'
https://cointelegraph.com/news/satoshi-nakamoto-had-outside-cryptography-help-says-early-bitcoin-dev

I had a bunch of people look at it and they told me this was good.  

[Accardo]

Strong men create a good time and Good times creates weak men. It's simple to note that these two just took place within ten years.

Strong men brought a good time with Bitcoin now the good time established so many weak men, that wants things the easy way. So many cybercrimes was successful using vehicles like bitcoin; which was never a single intention of the strong men that created this good time for people to be absolutely theft free from the government. But we didn't escape it entirely because the weak men that came after the good time are screwing the whole Idea up.

It's not yet a bad time for bitcoin because a lot of strong men still fight to maintain the good time but the theory above seem sacrosanct and may carry out to establish a bad season and it resolves again.