Swedish Pirate Rick Falkvinge Brings ... - news.bitcoin.com

Bitcoin News | Korean Exchanges Adopt BCH Pairs, Rick Falkvinge, IMF Scared of Crypto? w/ Roger Ver - YouTube

Bitcoin News | Korean Exchanges Adopt BCH Pairs, Rick Falkvinge, IMF Scared of Crypto? w/ Roger Ver - YouTube submitted by maplesyrupsucker to btc [link] [comments]

Bitcoin Lightning Network will never be production ready, says Bitcoin Cash [BCH] proponent Rick Falkvinge - AMBCrypto News

Bitcoin Lightning Network will never be production ready, says Bitcoin Cash [BCH] proponent Rick Falkvinge - AMBCrypto News submitted by ulros to fbitcoin [link] [comments]

Rick Falkvinge starts Falconwing, an image-based "news service" that pays writers only in bitcoin

submitted by boyber to Bitcoin [link] [comments]

Bitcoin News | Korean Exchanges Adopt BCH Pairs, Rick Falkvinge, IMF Scared of Crypto? w/ Roger Ver - YouTube

Bitcoin News | Korean Exchanges Adopt BCH Pairs, Rick Falkvinge, IMF Scared of Crypto? w/ Roger Ver - YouTube submitted by SimilarAdvantage to BitcoinAll [link] [comments]

New episode of Bitcoin.com TV, this time with Rick Falkvinge and why he jokingly calls himself the "CEO of Bitcoin Cash”.

New episode of Bitcoin.com TV, this time with Rick Falkvinge and why he jokingly calls himself the submitted by MemoryDealers to btc [link] [comments]

Media • Bitcoin News | Korean Exchanges Adopt BCH Pairs, Rick Falkvinge, IMF Scared of Crypto? w/ Roger Ver

submitted by btcforumbot to BtcForum [link] [comments]

Why The Proposed New York Bitcoin Regulations Are Absolute, Total Bullshit · Rick Falkvinge

Why The Proposed New York Bitcoin Regulations Are Absolute, Total Bullshit · Rick Falkvinge submitted by herzmeister to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Bitcoin is strong relative to BTC with news of Rick Falkvinge pledging support

The following post by Sparticule is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7bx0ra
The original post's content was as follows:
https://www.tradingview.com/x/kUfQkVOu
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin is strong relative to BTC with news of Rick Falkvinge pledging support

Bitcoin is strong relative to BTC with news of Rick Falkvinge pledging support submitted by BitcoinAllBot to BitcoinAll [link] [comments]

11-10 02:42 - 'Bitcoin is strong relative to BTC with news of Rick Falkvinge pledging support' (tradingview.com) by /u/Sparticule removed from /r/Bitcoin within 222-232min

Bitcoin is strong relative to BTC with news of Rick Falkvinge pledging support
Go1dfish undelete link
unreddit undelete link
Author: Sparticule
submitted by removalbot to removalbot [link] [comments]

New episode of Bitcoin.com TV, this time with Rick Falkvinge and why he jokingly calls himself the "CEO of Bitcoin Cash.

New episode of Bitcoin.com TV, this time with Rick Falkvinge and why he jokingly calls himself the submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

A reminder of who Craig Wright is and the benefits to BCH now he has gone.

This needs to be repeated every so often on this subreddit so new people can understand the history of the fork of BCH into BCH and BSV
From Jonald Fyookball's article
https://medium.com/@jonaldfyookball/bitcoin-cash-is-finally-free-of-faketoshi-great-days-lie-ahead-bb0c833e4c5d
Craig S. Wright (CSW) leaving the Bitcoin Cash community is a wonderful thing. This self-described “tyrant” has been expunged, and now we can get back to our mission of bringing peer-to-peer electronic cash to the world.
The markets will rebound when they see the chaos is over, but regardless of the price, we will keep building. Nothing will stop the sound money movement. Calling Out Bad Behavior
As Rick Falkvinge recently explained, there is a difference between small-minded gossiping about personalities and legitimately calling out bad behavior.
CSW’s bad behavior must be called out, because he has done tremendous damage to Bitcoin Cash (and possibly even the entire cryptocurrency sector).
The brief history is that he gained his reputation by claiming to be Bitcoin’s creator (Satoshi Nakamoto). He said he would provide “extraordinary proof” but he has never done so.
Supposedly, he did some “private signings” to a few people, and this allowed him to gain influence in the BCH community. The destruction he has been causing was not widely recognized until after a huge mess had been made.
Thanks to u/Contrarian__ for the following compliation of CSW’s misgivings:
Some background on Craig’s claim of being Satoshi, for the uninitiated:
He faked blog posts He faked PGP keys He faked contracts and emails He faked threats He faked a public key signing He has a well-documented history of fabricating things bitcoin and non-bitcoin related He faked a bitcoin trust to get free money from the Australian government but was caught and fined over a million dollars. 
And specifically concerning his claim to be Satoshi:
He has provided no independently verifiable evidence He is not technically competent in the subject matter His writing style is nothing like Satoshi’s He called bitcoin “Bit Coin” in 2011 when Satoshi never used a space He actively bought and traded coins from Mt. Gox in 2013 and 2014 He was paid millions for ‘coming out’ as Satoshi as part of the deal to sell his patents to nTrust — for those who claim he was ‘outed’ or had no motive 
Caught Red Handed Plagiarizing
No respectable academic, scientist, or professional needs to stoop so low as to steal and take credit for the work of others — least of all Satoshi. Yet, CSW has already been caught at least 3 times plagiarizing.
His paper on selfish mining has full sections copied almost verbatim from a paper written by Liu & Wang. His “Beyond Godel” paper which purports to claim that Bitcoin script is turing complete, is heavily plagiarized. A paper on block propagation was blatantly and intentionally plagiarized. 
Can’t Even Steal Code Correctly
CSW was also caught attempting to plagiarize a “hello world” program (the simplest of all computer programs).
He apparently does not understand base58 or how Bitcoin address checksums work (both of these are common knowledge to experienced Bitcoiners), and has made other embarrasing errors. So How Did Such an Obvious Fraud Gain So Much Power and Influence?
There are no easy answers here. It seems that as humans, we are very susceptible to manipulation and misinformation. The greatest weapon against sinister forces is a well-educated populace. This is something that can only improve over the long run.
The “Satoshi factor” is a powerful one and appeals to the glamorization of a mythical figure. Even people such as myself, who are technically astute, gave CSW all benefit of the doubt until the evidence staring us in the face could no longer be denied.
The seduction of the BCH community was also facilitated by CSW becoming a strong advocate for the on-chain/big-block scaling movement at a time when the community was dying to hear it. This message, delivered with a brazen, in-your-face style, was a sharp contrast to anything seen before.
In addition, CSW was able to find obscure topics (“2pda”), network topology, etc, that seemed to establish him as an expert with esoteric knowledge above and beyond anyone else. Basically, he was using technobabble, but it wasn’t immediately obvious except to very technical people… who were then attacked and discredited.
Eventually, as more and more of the community began to realize his technical claims were bogus, CSW banned those people from his twitter feed and slack channel, leaving only a group of untechnical “believers”, which the larger BCH community referred to as “the church” AKA the Cult-of-Craig.
Finally, if some believed that CSW possesed Satoshis’s stash of 1M BTC, then they may have been gnawing to get a piece of it. But it may turn out that these are the coins that never were. Broken Promises
If this article so far seems like an “attack piece” on CSW, remember it is important to get all the facts out in the open. We’ll get to the silver lining and bright future in a moment… but let’s continue here to “get it all out”.
One of the biggest ways that CSW has damaged the community is to make an endless series of broken promises. This caused others to wait, to waste time on his unproven ideas and solutions, and to postpone or drop their own ideas and initiatives.
He said he was building a mining pool to “stop SegWit” He said he was bringing big companies to use the BCH chain He said that he was providing a fungibility solution based on blind threshold signatures He said he was providing novel technology based on oblivious transfers He said he was providing a method where people could do atomic swaps without using timelocks He said he was going to show everyone how we can do bilinear pairings using secp256k1 He said he was going to release source code for nakasendo He said he was releasing some information that would “kill the lightning network” He said he was going to show everyone how the selfish mining theory is wrong He said he was going to show everyone how we can tokenize everything in the universe squared He said a few times “big things are coming in 2 months” 
How CSW Has Damaged the BCH Community
In addition to the broken promises, the BCH community was wounded due to:
The division of the community (with classic divide and conquer tactics) Loss of focus. Huge amounts of drama and distraction from building and adoption Investor confidence has been shaken due to uncertainty and chaos. BCH is a laughing stock to outsiders due to CSW’s antics Gemini deployment of BCH and other rollouts paused Loss of developer talent due to toxic and abrasive personality Various patent and legal threats 
The Hash War Event and Split into BitcoinSV
Every 6 months, BCH has a scheduled network upgrade. This is technically a “hard fork” but a non-contentious fork does not result in a split of the chain — it is simply new network rules being activated.
Bitcoin Cash has multiple independent developer groups including Bitcoin ABC, Bitcoin Unlimited, Bitcoin XT, Bitprim, BCHD, bcash, parity, Flowee, and others.
The nChain group, led by CSW, introduced an alternate set of changes a week before the agreed cut-off date, intentionally causing a huge controversey. These changes were incompatible with the changes being discussed between the other groups.
nChain objected to the changes being proposed (cannonical transaction ordering) despite specifically agreeing to it almost a year earlier. The last minute objections were in my opinion, an attempt at sabotage.
An emergency meeting was held in Bangkok to attempt to resolve the differences between the nChain group and the rest of the community. Not only did CSW refuse to listen to the other presentations, he walked out of the meeting after his own speech had been given. The other nChain people refused to discuss the technical issues.
After this, nChain built their own software (“BitcoinSV”) to attempt to compete for the Bitcoin Cash network. But rather than split off to follow their own set of rules, they threatened to attack Bitcoin Cash.
Their attitude was “you follow our rules or we burn it all down”.
The CSW sycophants adopted a strange interpretation of the Bitcoin whitepaper and proselytized the idea that if nChain could “out hash” everyone else, the market should be obliged to follow them.
This faulty thinking was eloquently debunked by u/CatatonicAdenosine. As it turns out, nChain was unable in any case to win at their own game. But Here’s the Obviously Good News…
CSW is gone. It’s over.
He can do whatever he wants on the BitcoinSV chain. He will never be allowed to influence Bitcoin Cash again. And all the negative things and negative people that were a consequence of his involvement in Bitcoin Cash are gone with him.
As a community, we will redouble our efforts and get back to our mission of peer-to-peer electronic cash. We will learn to work together better than ever, and we will learn to detect and punish bad behavior sooner.
The attempted attacks with hashpower also sparked innovation and a focus on the problem of how to stop such attacks in the future. This is only making Bitcoin Cash (BCH) and the entire class of Proof-of-Work coins stronger.
Nothing will stop us.
The reason why millions of dollars were spent to attack and also to defend Bitcoin Cash is because it’s something truly worth fighting over.
It’s sound money.
It’s permissionless.
It’s what Satoshi Nakamoto wrote about in 2008. It’s Bitcoin, a Peer-to-Peer Electronic Cash System.
Bitcoin 
Go to the profile of Jonald Fyookball Jonald Fyookball More from Jonald Fyookball Jimmy Song Tries to Claim Bitcoin Cash is “Fiat Money”… Seriously? Go to the profile of Jonald Fyookball Jonald Fyookball Related reads 600 Microseconds Go to the profile of Awemany Awemany Related reads The scams in Crypto Go to the profile of Craig Wright (Bitcoin SV is the original Bitcoin.) Craig Wright (Bitcoin SV is the original Bitcoin.) Responses
submitted by stewbits22 to btc [link] [comments]

so I did 5minutes of digging and OH MY GOD

this picture popped up yesterday where we see fake satoshi and former convict bitcoin judas having a good time with some "hee ladies" guy.
Well turns out he is Calvin Ayre. He made it on the homeland security top ten most wanted list and another agency.
He likes prostitutes, blows, and seems to be especially tight with bitcoin judas.
now he states that its time to fix all the damages the two top cryptos have caused.... damn this sounds menacing.
These are the people attacking bitcoin and pushing for the technical abomination of a fork bec&sh.
If you want to bet your money on their success, maybe think twice.
bonus: John McAfee, wanted for murder in Belize and our beloved Jihad Vu are on board as well.
edit: this seems to get some traction so here are even more goodies on:
(more to come)
---------------------------------general goodies for the folks who have missed them---------------------------------
real Satoshi on bitcoin.com being unrelated
a fulfilling prophecy from late July
submitted by cutepoops to Bitcoin [link] [comments]

Lightning Network is a Bottleneck for Development on Bitcoin-Legacy, while Bitcoin-Cash is Blooming

I keep seeing trolls posting how Bitcoin-Legacy is better because they have so many more github commits compared to Bitcoin-Cash, claiming that the development is so much more advanced with the Bitcoin Core "Dream Team" as Trace Mayer calls them. However they seem to fail to understand the technical debt segwit and other additions from Core adds to the system. Its like politicians who write laws in order to to fix the unintended consequences from other laws they made before. Should we also consider the regulatory bureaucracy a success if politicians pass many laws? I don't think so.
When examining Bitcoin Legacy, I just don't see much development going on anymore. Everyone is scrambling to get Lightning Network working, and show proof of concepts and things. But it seems until they solve the routing, liquidity, user interface, and other problems, its kind of like a technical bottleneck. There is also a danger that this is going to lead to centralized hubs for LN, which could result in KYC/AML requirements and permission for hubs. This makes it not even very exciting if LN does become successful and used. In fact, it even was a false narrative that segwit was needed for LN, and we even have payment channels built on BCH already as well. Not to mention with a strangled blocksize like on Bitcoin-Legacy, LN acts as the strangler fig, and allows a vector for complete usurpation of Satoshi's original model by the legacy banking oligarchs. Core brags about Schnorr signatures, but some are even saying Schnorr could come to BCH even before BTC-Legacy.
Then on the other hand I see Bitcoin-Cash has cleared the technical bottleneck by increasing blocksize. I see a flurry of activity on the development side, not necessarily even on the protocol, but on top of it. We have things like blockpress.com, memo.cash, and things like the chainbet protocol. We have tip bots like tippr, and even on-chain tipbots like chaintip.org. People are coming out with all of these new token proposals, and colored coins, and cashshuffle, and other things. Businesses like satoshidice are being revived. People are making cool games like blockchain.poker, and dozer.cash. These things are no longer possible or feasible on Bitcoin-Core with the giant fees and unreliable transactions, but on Bitcoin-Cash we are able to build again. The market seems to be moving on.
Trolls will point to market cap and say that we in the Bitcoin Cash community are losing, but when examining other metrics we are actually succeeding and winning many battles. We are attracting builders and innovators back to Bitcoin. It really seems like the market is in a bit of delusion phase right now. If you look at coinmarketcap, all of the top blockchains are not even really currencies anymore. They are utility tokens, and crypto assets and things like that. There are dozens of these obscure blockchains with billion dollar market caps and its kind of bizarre, they are not being used for much utility in the real world. I think its just a symptom of the blocked progress on Bitcoin the #1 Blockchain ledger, but now Bitcoin Cash is the common sense continuation of that ledger and we are finally seeing advancement again.
submitted by cryptorebel to btc [link] [comments]

New Anti-Encryption laws will compromise iOS and Android security.

Friends of Liberty,

Whilst many of us in the Cryptocurrency space have been distracted by the recent havoc caused by a loony fraud, there is a genuine threat to global internet privacy brewing in Australia. The Australian Government is seeking to pass a bill forcing Tech companies to enable encryption backdoors on their apps and devices, and allow shadow agencies to install keyloggers, screen capture tools, and other spying software via routine operating system updates. This law will not only affect Australians, it affects all users of mobile communication technologies around the globe.
https://slate.com/technology/2018/10/australia-u-s-encryption-backdoor-law.html

I am sure all of you can imagine the risk that this could pose not just in regard to private communications between lawful citizens... this operating system level malware and keyloggers held by centralized government entities will present a massive honeypot for hackers. Our private data such as passwords, keys, and even 2FA could be at risk. If we cannot securely use mobile devices for cryptocurrency transactions, our goals for greater economic freedom will be severely hampered.

The Australian government is trying to force these laws through in the next few weeks before the Christmas Break. I urge everyone to spread the word as much as possible, if you have contacts in Australia who can write in to government ministers, please do so.
https://thenewdaily.com.au/news/national/2018/11/30/encryption-laws-bill-shorten/

u/memorydealers
Roger, I enjoy your weekly show and am a supporter of your work. I also use your bitcoin.com wallet on occasion. I hope you can share your thoughts on this issue, and if there might be any actions we can take to further secure our wallets.

u/falkvinge
Rick, I appreciate your many technical insights which often provide clarity in this space, cutting through the jargon and double-speak that we so often encounter. Would you care to share some of your thoughts on this issue?

Edited for grammar.
submitted by SpacePirateM to btc [link] [comments]

Addressing Lightning Concerns

I've been on the bullish side of LN for over a year now, but find myself unable to address certain criticisms
Rick Falkvinge's new video in particular, pulled me closer to the fence.
https://www.youtube.com/watch?v=AzaEd2RQuRw
Can we have an honest discussion about his points? (not his character) Which are valid/invalid?

Must be Online
Possibly solved by a trustless contract? (lets call it 'Loop-To') Where a failed route to an offline merchant auto redirects funds to their:
A) LN node when it comes online
B) On-chain wallet

B) is certainly possible (Loop-Out) but not ideal. People who are least likely to be online, are least able to afford moving funds from L1 to L2 often

Routing = Unsolved
With channel liquidity constantly in flux, how will routing scale to hundreds of millions/billions of users, while preserving privacy, speed and decentralization

Nodes: Legal Liability
Rick claims people are now admitting this, but couldn't name anyone (let alone anyone of importance)
The worst I've heard, is Andreas saying it may carry some risk in already oppressive countries. (China, North Korea, Venezuela, etc)

Reactive Security
Eltoo solves/greatly improves this IIRC?

Cold Storage
The answer to this is always:"Hot wallets for spending money, and Cold wallets for savings"
For individuals, "spending money" may mean hundreds of dollars (depending on cost/time to move new money to LN) That's a big enough target on its own, but what about merchants dealing with many thousands of dollars?
Loop-Out is a good enough solution to this, but there is still risk in the interim. (Unless they constantly Loop-Out, which won't be cheap)
Are there any other proposals to improve LN security?

Not Production Ready
Yeah, you can't rush innovation, and BTC/LN are certainly doing more of that than BCH/BSV
but is nobody else worried about the increasing expected time to completion?
(Most recently Andreas said 2 years)

Bonus Round - Concerns not mentioned in RV's video
Receiving Capacity
You have to find $1000 somewhere to receive $1000 through LN... It feels wrong.
(Or constantly Splice/Loop-Out, which won't be cheap)
If we get trustless LN Liquidity Providers to create a channel for you with $X receiving capacity, then great, but if not, many will wonder why this is better than VISA

Please don't take this as FUD, Bitcoin is resilient because it faced, shrugged off and adapted to a decade of attacks
Now is Lightning's time to prove its resilience!
submitted by hoomiin4 to Bitcoin [link] [comments]

Exposed: How Bankers are trying to centralize and highjack Bitcoin by buying "supporters" and promoters (like OpenBazaar team) for the B2X (S2X/NYA) attack on Bitcoin.

*Open Bazaar was crossed-out after their S2X support retraction, see edit at bottom.
These guys have deep pockets, but as you will see below, they are funded by even deeper pockets.
We can't leave this to chance or "the markets to decide" when there is such a malicious intent to manipulate the markets by those powerful players. So that's why all the people saying: "Don't worry, S2X won't happen" or "S2X is DOA" need to stop, we are at a 'make-or-break' moment for Bitcoin. It's very dumb to underestimate them. If you don't know yet who those malicious players are, read below:
We need to keep exposing them everywhere. Using Garzik as a pawn now, after they failed when they bought Hearn and Andresen (Here are the corrupted former 'good guys'), they are using the old and effective 'Problem-Reaction-Solution' combined with the 'Divide & Conquer' strategies to try to hijack Bitcoin. Well, effective before the current social media era, in which hidden motives can be brought to the light of day to be exposed.
Public pressure works when your profits depend on your reputation. The social media criticism worked for companies like Open Bazaar, which after weeks of calling them out on their S2X support, they finally withdrew it.
Please contact the companies on these lists if you have any type of relationship with them, we have just a few days left until the fork:
Regarding OpenBazaar:
* openbazaar (OB1) developer appears to be spreading pro s2x fud. someone needs to fork their project
* PSA : Open Bazaars latest investment round was for 200K from Barry Silberts DCG (Digital Currency Group)
(See edit at the bottom)
B2X (S2X/NYA) is nothing more than an open attack on Bitcoin, not an "upgrade" as they want to sell it. This attack has no 'consensus', at all. It was "agreed" by a bunch of miners and corporations behind closed doors, with no community nor developers support. Only miners and a few millionaires that stand to profit from the B2X attack support it. The vast majority of the Bitcoin community is totally against this attack on Bitcoin. Most of those companies are under DCG group:
Every bitcoiner should know about what DCG (Digital Currency Group) is, and call out publicly these crooks and the people they bribed that are working for the Corporations/Bankers against Bitcoin:
Brian Armstrong, Winklevoss brothers, Bobby Lee, Peter Smith, Nic Cary, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Ryan X Charles, Brian Hoffman/Sam Patterson/Chris Pacia (and all OB1 team)(see edit at the bottom), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Aaron Voisine/Adam Traidman/Aaron Lasher (Breadwallet team), Glenn Hutchins (Federal Reserve Board of Directors), Bill Barhydt and Jiang Zhuoer.
Once people are informed, they won't be fooled (like all the poor guys at btc) and will follow Bitcoin instead of the S2X or Bcash or any other centralized altcoin they come up with disguised as Bitcoin.
DCG (Digital Currency Group) is the company spearheading the Segwit2x movement. The CEO of DCG is Barry Silbert, a former investment banker, and Mastercard is an investor in DCG.
Let's have a look at the people that control DCG:
http://dcg.co/who-we-are/
Three board members are listed, and one Board "Advisor." Three of the four Members/advisors are particularly interesting:
Glenn Hutchins: Former Advisor to President Clinton. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018. Yes, you read that correctly, currently sitting board member of the Federal Reserve Bank of New York.
Barry Silbert: CEO of DCG (Digital Currency Group, funded by Mastercard) who is also an Ex investment Banker at (Houlihan Lokey)
And then there's the "Board Advisor,"
Lawrence H. Summers:
"Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the post-Soviet states, and in the deregulation of the U.S financial system, including the repeal of the Glass-Steagall Act."
https://en.wikipedia.org/wiki/Lawrence_Summers
Blythe Masters:
Former executive at JPMorgan Chase.[1] She is currently the CEO of Digital Asset Holdings,[2] a financial technology firm developing distributed ledger technology for wholesale financial services.[3] Masters is widely credited as the creator of the credit default swap as a financial instrument. She is also Chairman of the Governing Board of the Linux Foundation’s open source Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the US Chamber of Digital Commerce.
https://en.wikipedia.org/wiki/Blythe_Masters
Seriously....The segwit2x deal is being pushed through by a Company funded by Mastercard, Whose CEO Barry Silbert is ex investment banker, and the Board Members of DCG include a currently sitting member of the Board of the Federal Reserve Bank of New York, and the Ex chief Economist for the World Bank and a guy responsible for the removal of Glass Steagall.
It's fair to call these guys "bankers" right?
So that's the Board of DCG. They're spearheading the Segwit2x movement. As far as who is responsible for development, my research led me to "Bitgo". I checked the "Money Map" https://i.redd.it/15auzwkq3hiz.png And sure enough, DCG is an investor in Bitgo.
(BTW, make sure you take a good look take a look at the money map and bookmark it for reference later, ^ it is really helpful.)
"Currently, development is being overseen by bitcoin security startup BitGo, with help from other developers including Bloq co-founder Jeff Garzik."
https://www.coindesk.com/bitcoins-segwit2x-scaling-proposal-miners-offer-optimistic-outlook/
So Bitgo is overseeing development of Segwit2x with Jeff Garzick. Bitgo has a product/service that basically facilitates transactions and supposedly prevents double spending. It seems like their main selling point is that they insert themselves as middlemen to ensure Double spending doesn't happen, and if it does, they take the hit, of course for a fee, so it sounds sort of like the buyer protection paypal gives you:
"Using the above multi-signature security model, BitGo can guarantee that transactions cannot be double spent. When BitGo co-signs a BitGo Instant transaction, BitGo takes on a financial obligation and issues a cryptographically signed guarantee on the transaction. The recipient of a BitGo Instant transaction can rest assured that in any event where the transaction is not ultimately confirmed in the blockchain, and loses money as a result, they can file a claim and will be compensated in full by BitGo."
Source: https://www.bitgo.com/solutions
So basically, they insert themselves as middlemen, guarantee your transaction gets confirmed and take a fee. What do we need this for though when we have a working blockchain that confirms payments in the next block already? 0-conf is safe when blocks aren't full and one confirmation should really be good enough for almost anyone on the most POW chain. So if we have a fully functional blockchain, there isn't much of a need for this service is there? They're selling protection against "The transaction not being confirmed in the Blockchain" but why wouldn't the transaction be getting confirmed in the blockchain? Every transaction should be getting confirmed, that's how Bitcoin works. So in what situation does "protection against the transaction not being confirmed in the blockchain" have value?
Is it possible that the Central Bankers that control development of Segwit2x plan to restrict block size to benefit their business model just like our good friends over at Blockstream attempted to do, although unsuccessfully as they were not able to deliver a working L2 in time?
It looks like Blockstream was an attempted corporate takeover to restrict block size and push people onto their L2, essentially stealing business away from miners. They seem to have failed, but now it almost seems like the Segwit2x might be a culmination of a very similar problem.
Also worth noting these two things, pointed out by Adrian-x:
  1. MasterCard made this statement before investing in DCG and Blockstream. (Very evident at 2:50 - enemy of digital cash watch the whole thing.) https://www.youtube.com/watch?v=Tu2mofrhw58
  2. Blockstream is part of the DCG portfolio and the day after the the NYA Barry personal thanked Adam Back for his assistant in putting the agreement together. https://twitter.com/barrysilbert/status/867706595102388224
So segwit2x takes power away from core, but then gives it to guess who...Mastercard and central bankers.
So, to recap:
Did we just spend so much time fighting and bickering with core that we totally missed the REAL takeover of Bitcoin, happening right before our eyes, by the likes of currently serving Federal Reserve Bank of New York Board Members?
And before you dismiss all those hard and documented facts as just a 'conspiracy theory', think about this:
Of course, who thought that the ones holding the centralized financial power today (famous for back-door shady plots to consolidate even more power and control), would sit on their hands and let Bitcoin just stroll in and easily take that power away from them?
So, it is not a crazy conspiracy theory, but more like the logical and expected thing to happen. Don't let it happen.
Edit: Formatting.
Edit 2: Brian Armstrong taken out of the 'bad guys' list.
Edit 3: Welp, Brian Armstrong back on the blacklist for this flip-flop. And added Winklevoss Brothers for this, and Bobby Lee for this.
Edit 4: Due to Brian Hoffman just issuing this excellent and explicit S2X/NYA support retraction, I created this post to apologize for my previous posts (calling them out for the S2X support) and I will be editing my posts to reflect this positive change. I'm gladly back to being a supporter of the great and promising project that OpenBazaar has proven to be.
Edit 5: Added Blythe Masters (How could we leave her out?).
Edit 6: Added links to lists of companies supporting S2X/NYA.
submitted by readish to Bitcoin [link] [comments]

Jeff Garzik: “Today, bitcoin faces existential threats from forks, developer drama and so on. Knowing what we know and having a clean sheet of paper, we asked what would we build and the answer is this”.

...oh, so that explains it.
The old and effective Problem-Reaction-Solution strategy. Well, effective before the current social media era, in which hidden motives can be brought to the light of day to be exposed.
I will keep posting this until the very day of the fork, with the hope that more bitcoiners learn the true nature of S2X/B2X/NYA open attack on Bitcoin disguised as an "upgrade". This is a 2X Trojan Horse, and do you know who is inside that horse? Top level banker's special-forces like Blythe Masters, Larry Summers, Glenn Hutchins (sits on the board of The Federal Reserve Bank of New York) and DCG (Digital Currency Group).
We need to keep our efforts to expose and inform people about what S2X/NYA/DCG really is. Don't trust and don't do business with these companies and individuals supporting the S2X attack on Bitcoin.
Companies:
https://coin.dance/poli
http://segwit.party/nya/
Individuals:
Those guys are pure greed, they don't care about the 7 billion of people on this planet. Expose them and don't give them your business. Starve the beast. They will regret sticking with the B2X altcoin that will go the BCH way (and all the other highjack attempts before them). Moneybadger don't care and only gets stronger and immunized after each snake-bite.
Actually >99% of the Bitcoin community supports the real Bitcoin. The centralized B2X-coin attack is only supported by a handful of rich crooks and the people they've managed to bribe with their deep pockets:
Brian Armstrong, Fred Ehrsam (ex-Goldman Sacks), Bobby Lee, Winklevoss brothers, Peter Smith, Nic Cary, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Ryan X Charles, Brian Hoffman/Sam Patterson/Chris Pacia (and all OB1 team), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Aaron Voisine/Adam Traidman/Aaron Lasher (Breadwallet team), Glenn Hutchins, Bill Barhydt and Jiang Zhuoer.
I posted this 18 days ago:
Exposed: How Bankers are trying to centralize and highjack Bitcoin by buying "supporters" and promoters (like OpenBazaar team) for the B2X (S2X/NYA) attack on Bitcoin.
TL;DR: B2X (S2X/NYA) is nothing more than an open attack on Bitcoin, not an "upgrade" as they want to sell it. This attack has no 'consensus', at all. It was "agreed" by a bunch of miners and corporations behind closed doors, with no community nor developers support. Only miners and a few millionaires that stand to profit from the B2X attack support it. The vast majority of the Bitcoin community is totally against this attack on Bitcoin. Most of those companies are under DCG group:
Every bitcoiner should know about what DCG (Digital Currency Group) is, and call out publicly the people that are working for the Corporations/Bankers against Bitcoin.
Edit: Brian Armstrong back on the list for this flip-flop. And added Winklevoss Brothers for this, and Bobby Lee for this.
submitted by readish to Bitcoin [link] [comments]

Arcade City Whitepaper and Token sale

Hello /ethtrader!

At long last, we're excited to present to the Ethereum community the release version of our whitepaper, including plans for our token sale now scheduled for November 1st at 3pm UTC.
We've been banging on pots and pans since January that we intended Arcade City to be the decentralized, Ethereum-based answer to Uber. In April we laid out our multi-stage path to complete decentralization over time, then announced plans to submit a DAO proposal - oops! - and just recently added a crew of experienced Ethereum developers who've built a functioning Ethereum ridesharing prototype in record time.
In the meantime we've made substantial progress 'on the ground' in cities all over the world, with our flagship ridesharing network in Austin giving tens of thousands of safe rides in a completely decentralized manner.
Now we're ready to combine our decentralized organizational model with the solid decentralized tech that can propel our project further into the mainstream.
Responding to your questions and comments below will be our 7-person ‘City Council’, as well as a few other folks who’ve been involved with Arcade City thus far.
Our Reddit usernames are included in the Team Bios section below.

Resources

What is Arcade City?

Arcade City is a decentralized global community of peer-to-peer service providers and consumers. The core technical offering is an Ethereum-based app for web, Android and iOS. Arcade City features an open ecosystem with forthcoming APIs to enable developers and entrepreneurs to easily create their own apps and service offerings as part of the Arcade City network. Initial service offerings focus on the ridesharing industry, with plans in motion for peer-to-peer deliveries and short-term home rentals.
Arcade City aims to reinvent the sharing economy by combining the power of blockchain technology, open-source development, platform cooperativism, and a decentralized ‘swarm’ organizational model open to all.

A hackathon, you say?

Assuming our token sale sells out by the end of November, we'll be throwing an online hackathon open to any Ethereum developers, with a minimum of $100K USD value in prizes, payable in ETH or ARC.
We'll announce super final details about start and end dates, judges and such, after the sale, potentially as soon as the first week of November.
The basic idea of the first hackathon will be to build out the functionality described in the Arcade City Infrastructure section of the whitepaper: the offers, disputes, guilds, referrals, reputation, and assurance systems, with a likely priority on the reputation system.
We intend to crowdsource the majority of our Ethereum development via multiple hackathons with everything open-source on GitHub.
Check out the eye-popping revenue projectons in our whitepaper! Then imagine the majority of that revenue flowing into the Ethereum community by way of incentive prizes to accelerate the decentralization of the sharing economy...

Some press

Team Bios

** Christopher David (MillennialChris) - Mayor **
Christopher David founded Arcade City in December 2015. A former Uber driver, Chris initially envisioned Arcade City as a decentralized, driver-run competitor to Uber. As a blockchain enthusiast and proponent of radical decentralization, Chris was the first to recognize the larger potential of Arcade City as an unstoppable engine of mass peer-to-peer transactions across countless industries and countries all over the world. Using skills acquired during years of grassroots political organizing, he led the growth of Arcade City from an idea into a global movement on a shoestring budget. After much trial and error, he somehow managed to attract an amazing team of talented visionaries passionate to fulfill on the greater vision of Arcade City to ‘decentralize all the things'. Chris has a bachelors degree in international relations, a black belt in tang soo do, and a really loud mouth. And he thinks you should read Swarmwise and Freedom(tm).
** Jennifer Williams (ArcadeCityJenny) - Vice Mayor **
is a founding member of the Arcade City Swarm and has served as the Director of Support since February 2016. She contributes on a full-time basis to expanding operations globally with the other founding members. Together they give new members the necessary tools and resources needed to efficiently and effectively navigate the Arcade City ecosystem. Her primary motivation is to guide, educate and liberate individuals by making information accessible through email, social media, and the Arcade City Help Desk that she designed. After her studies in graphic design and holding several corporate managerial positions she decided to exit the proverbial ‘hamster wheel’ and pursue her entrepreneurial goals which led her to ridesharing. Jennifer has 2.5 years of rideshare experience, has mentored 400+ new drivers, and served as a marketing coordinator, brand ambassador and recruiter, which has given her extensive knowledge of the industry. Through her work with Arcade City she has gained interests and insights into cryptocurrency and blockchain technologies, and she believes that implementing the latest technologies will help Arcade City supercede the ridesharing competitors by eliminating the middlemen and allowing drivers to earn fair wages and build stronger communities while saving riders from price gouging.
** Lauren Slade (ArcadeSlade) - City Manager **
Lauren Slade is an accomplished operations and support professional with over four years of direct experience providing tactical strategies ranging from small startups to large scale teams operating globally. As a forward thinking tech leader she believes in pairing laser-focused user observation with a great amount of drive to constantly improve ways of operating as the most definitive route to unstoppable success. Lauren is steadfast and committed to collaboratively solving meaningful problems with a team who values getting things done. She joined Arcade City full-time in June of 2016 to direct the V2 integration of decentralized management systems and develop operational growth processes. Lauren looks forward most to ensuring Arcade City becomes a self-sustaining business model, free of a central governing council from the top down. Her passion for process-minded management and developing teams inspires her to successfully scale and balance hyper growth within talent and project recruitment. As a natural planner she enjoys getting down to the detail on performance and tracking metrics.
** Kristien De Wachter (kikipluche) - City Planner **
Kristien De Wachter has over 10 years of experience in project management and operations. In the beginning of 2015 she reinforced A-Labs, the City’s digital innovation lab. As lead of A-Labs, making the bridge between experiments and the “outside world”, tackling all problems that obstruct the way towards a good end-product, making sure all team members can work and think freely towards the common goals. Working on decentralization for more than a year. She joined forces with Arcade City on the 23th of September, as a liaison between the dev team in Antwerp and the swarm and swarm leaders, making sure all the cats run in the same direction, always with respect for everyone’s individuality and strengths. Believes Arcade City will bring freedom to every individual.
** Stefaan Ponnet (sponnet) - Engineer **
Stefaan has 15 years of experience in software development, design and architecture. He managed a software company for 6 years and worked for large companies as well as emerging start-ups. Interested in the possibilities of decentralized systems, he was an early Ethereum follower. Since september 2015 Stefaan has been full-time involved in developing Ethereum prototypes for government in the city of Antwerp. Stefaan has a passion for open source methodology and loves to solve technological problems. Stefaan and the Antwerp team joined Arcade City in September 2016 by publicly pledging our support to the community. Stefaan will add his expertise by developing all necessary building blocks - like Smart Contracts , Dapps, APIs, and anything else needed to make this new economy a reality.
** Michael Thuy (kingflurkel) - System Architect **
Michael Thuy has been studying and working on decentralized technology for the past 2 years, mostly from within the City of Antwerp's digital innovation lab 'A-Labs'. In the past year he has been working on concepts like Blocktube and Locals World. From a strong ideological and technical background he manages to mash up cutting edge technology to come up with all-round concepts. Meeting Arcade City, he felt he had no other purpose in life than to contribute to Arcade City's swarm. Michael is co-authoring the Arcade City whitepapeconcept and building on the PolymeEthereum prototype. With Arcade City, Michael wants to make sure his kids grow up in a different economic model than he did. He also would like Arcade City to be the de facto economic model on Mars.
** Ben Adriaenssen (Ben_AC) - Brand Architect **
Ben Adriaenssen after finishing his studies in ‘Visual Arts - Graphic Design’ found that working in advertising agencies or graphic studios was not fulfilling his strong urge to do something good for the world and the people in it. Applying his skill-set to communicate about random services or products wasn’t enough; he wanted to make a difference. Working for the City of Antwerp was a big step in this direction. While starting and working in the City of Antwerp's digital innovation lab 'A-Labs', his lifelong passion for creating digital interactive things has been reignited. Focusing on blockchain-technology was another big step to combining the love for design with the passion for people. Ben is thrilled to be able to contribute his value to a project like Arcade City. Working in this innovative decentral way, with like-minded people in a swarm structure, is for Ben a dream come true. He hopes Arcade City can put the power, literally and figuratively, back into the hands of the common man.

We could go on...

But to keep this to a somewhat manageable length, we'll stop here and answer any questions.
How can we earn your support?
submitted by kingflurkel to ethtrader [link] [comments]

Scaling "debate" (*attacks) ELI5 for newbies:

Miners want the transactions ON chain and as many, slow and inefficient as possible, because they get paid (fees) for each one of them. That's why they want bigger blocks to hold/carry/process more transactions and why they have been always blocking every possible progress/solution that would benefit the whole world (with the sole exception of themselves): Segwit, LN, second layer scaling apps, etc.
That's why they created their fake bitcoin without Segwit. Read also about Asicboost and Antbleed (those are also whole dirty rabbit holes by themselves):
That's how the Mafia operates, and joining the Mining Cartel and their leader Jihan Wu, there are some corrupt very rich individuals that want more power and control for themselves (some of them well-known scammers and felons) colluding with them like: Roger Ver, Craig Wright, Barry Seibert, John McAfee, Bobby Lee, Stephen Pair, Calvin Ayre, Vitalik Buterin, Ryan Charles, Gavin Andresen, Jeff Garzic, Mike Hearn, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, etc.
https://news.bitcoin.com/bitpay-partners-bitmain-multi-million-dollar-agreement/
Must read post from u/cutepoops:
https://www.reddit.com/Bitcoin/comments/7cgzbv/so_i_did_5minutes_of_digging_and_oh_my_god/
Bitcoin Cash Operation: Collusion and Manipulation
On one of the numerous attacks against Bitcoin, one the most powerful and recent ones (SX2/NYA) they were also joined by some Banker's special forces embedded in DCG with Barry Seibert: Blythe Masters, Larry Summers, Glen Hutchins, etc. That's another deep rabbit hole and here's some interesting information and evidence.
Among their explicit objectives that they themselves stated multiple times, were to "fire" all Core developers (those meddling good guys opposing their take-over attempts) and they've been using some of these powerful tools to spread FUD, misinformation, Blockstream-Core conspiracies, etc:
So, remain sceptical and do your own research to decide on what side are you on, where to invest your money and what companies and individuals deserve your trust and support.
On the long term, none of those dramas matter anyway, Moneybadger don't care: Decentralized, Immutable, Trustless, Freedom-Giver, Worldwide-Distributed, Censorless, Permissionless, Antifragile technology's time has come and nothing can stop it.
"Even China Can't Kill Bitcoin"
https://www.bloomberg.com/view/articles/2017-02-24/even-china-can-t-kill-bitcoin
BILL GATES: “NOBODY CAN STOP BITCOIN”
https://www.youtube.com/watch?v=k0HmrSfJwhU
Andreas Antonopoulos: "No Governments can ban Bitcoin"
https://www.youtube.com/watch?v=LIQkuF_I5Xo
Edit: Added Antbleed.
submitted by readish to Bitcoin [link] [comments]

Bitcoin is under attack by Blockstream

It’s no secret that Bitcoin has been embroiled in contention for the last couple of years. But coming to the root cause of it has slowly but surely come to light.
In 2015 I wrote “The new 51% attack” making a simple proposal that Bitcoin has been under attack. Understanding how things became so contentious and now downright dirty became clear once Blockstream started doing all these underhanded things. Actions speak louder than words, and their actions for sure have shown us how they really are.
When I posited the 51% attack argument I said:
“I'm proposing that Blockstream is the new 51% attack. Being that they have overtaken Bitcoin "core" through a monopoly on development, censorship in communities and communication channels and websites, they are able to "force" users to use their code without community consensus (soft fork).”
Even more damning information has come forward since then, for example when it came to light that in the official Bitcoin Core Slack channel /bitcoin mods were working with others including Core devs on massive trolling campaigns. The channel is called the “Dragons Den.”
Today, Rick Falkvinge who is a Swedish information technology entrepreneur and founder of the Swedish Pirate Party, asserted that “Blockstream having patents in Segwit makes all the weird pieces of the last three years fall perfectly into place.” This assertion that he made helps put this entire attack into perspective. This in addition to the original Blockstream business plan clearly defines why all this contention has happened in the past couple of years, and who is causing it.
There is a whole slew of little examples here and there of how Blockstream has overtaken Bitcoin and has been the one causing all the problems over the years. The issue now is getting people to understand this and help Bitcoin rid itself from this problem.
submitted by Gobitcoin to btc [link] [comments]

It is time to unite, organize and squeeze-out any possible viability for S2X/NYA.

And the simplest, cheapest, fastest and more efficient way to do it is this one:
Expose to the sunlight what DCG is and who is behind it
First, let's just post the links to the sites listing all the companies supporting the attack for quick reference:
https://coin.dance/poli
http://segwit.party/nya/
Then, let's post a list of the individuals still supporting this attack despite the overwhelming evidence presented to them about how and why S2X is not only totally pointless from the technical as well as economical (benefit for the whole ecosystem and not just a few) points of view and also about how and why S2X is an open attack on Bitcoin.
Those guys are pure greed, they don't care about the 7 billion of people on this planet. Expose them and don't give them your business. Starve the beast. They will regret sticking with the B2X altcoin that will go the BCH way (and all the other highjack attempts before them). Moneybadger don't care and only gets stronger and immunized after each snake-bite, that is as a system, but we, as individuals, do care and must be proactively working against this attack.
Actually >99% of the Bitcoin community supports the real Bitcoin. The centralized B2X-coin attack is only supported by a handful of rich crooks and the people they've managed to bribe with their deep pockets, so here they are:
Peter Smith, Nic Cary, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Ryan X Charles, Brian Hoffman/Sam Patterson/Chris Pacia (and all OB1 team), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham, Olivier Janssens, Brian Armstrong, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Aaron Voisine/Adam Traidman/Aaron Lasher (Breadwallet team), Glenn Hutchins and Jiang Zhuoer.
DCG (Digital Currency Group) is the company spearheading the Segwit2x movement. The CEO of DCG is Barry Silbert, a former investment banker, and Mastercard is an investor in DCG.
Let's have a look at the people that control DCG:
http://dcg.co/who-we-are/
Three board members are listed, and one Board "Advisor." Three of the four Members/advisors are particularly interesting:
Glenn Hutchins: Former Advisor to President Clinton. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018. Yes, you read that correctly, currently sitting board member of the Federal Reserve Bank of New York.
Barry Silbert: CEO of DCG (Digital Currency Group, funded by Mastercard) who is also an Ex investment Banker at (Houlihan Lokey)
And then there's the "Board Advisor,"
Lawrence H. Summers:
"Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the post-Soviet states, and in the deregulation of the U.S financial system, including the repeal of the Glass-Steagall Act."
https://en.wikipedia.org/wiki/Lawrence_Summers
Seriously....The segwit2x deal is being pushed through by a Company funded by Mastercard, Whose CEO Barry Silbert is ex investment banker, and the Board Members of DCG include a currently sitting member of the Board of the Federal Reserve Bank of New York, and the Ex chief Economist for the World Bank and a guy responsible for the removal of Glass Steagall.
It's fair to call these guys "bankers" right?
So that's the Board of DCG. They're spearheading the Segwit2x movement. As far as who is responsible for development, my research led me to "Bitgo". I checked the "Money Map" https://i.redd.it/15auzwkq3hiz.png And sure enough, DCG is an investor in Bitgo.
(BTW, make sure you take a good look take a look at the money map and bookmark it for reference later, ^ it is really helpful.)
"Currently, development is being overseen by bitcoin security startup BitGo, with help from other developers including Bloq co-founder Jeff Garzik."
https://www.coindesk.com/bitcoins-segwit2x-scaling-proposal-miners-offer-optimistic-outlook/
So Bitgo is overseeing development of Segwit2x with Jeff Garzick. Bitgo has a product/service that basically facilitates transactions and supposedly prevents double spending. It seems like their main selling point is that they insert themselves as middlemen to ensure Double spending doesn't happen, and if it does, they take the hit, of course for a fee, so it sounds sort of like the buyer protection paypal gives you:
"Using the above multi-signature security model, BitGo can guarantee that transactions cannot be double spent. When BitGo co-signs a BitGo Instant transaction, BitGo takes on a financial obligation and issues a cryptographically signed guarantee on the transaction. The recipient of a BitGo Instant transaction can rest assured that in any event where the transaction is not ultimately confirmed in the blockchain, and loses money as a result, they can file a claim and will be compensated in full by BitGo."
Source: https://www.bitgo.com/solutions
So basically, they insert themselves as middlemen, guarantee your transaction gets confirmed and take a fee. What do we need this for though when we have a working blockchain that confirms payments in the next block already? 0-conf is safe when blocks aren't full and one confirmation should really be good enough for almost anyone on the most POW chain. So if we have a fully functional blockchain, there isn't much of a need for this service is there? They're selling protection against "The transaction not being confirmed in the Blockchain" but why wouldn't the transaction be getting confirmed in the blockchain? Every transaction should be getting confirmed, that's how Bitcoin works. So in what situation does "protection against the transaction not being confirmed in the blockchain" have value?
Is it possible that the Central Bankers that control development of Segwit2x plan to restrict block size to benefit their business model just like our good friends over at Blockstream attempted to do, although unsuccessfully as they were not able to deliver a working L2 in time?
It looks like Blockstream was an attempted corporate takeover to restrict block size and push people onto their L2, essentially stealing business away from miners. They seem to have failed, but now it almost seems like the Segwit2x might be a culmination of a very similar problem.
Also worth noting these two things, pointed out by Adrian-x:
  1. MasterCard made this statement before investing in DCG and Blockstream. (Very evident at 2:50 - enemy of digital cash watch the whole thing.) https://www.youtube.com/watch?v=Tu2mofrhw58
  2. Blockstream is part of the DCG portfolio and the day after the the NYA Barry personal thanked Adam Back for his assistant in putting the agreement together. https://twitter.com/barrysilbert/status/867706595102388224
So segwit2x takes power away from core, but then gives it to guess who...Mastercard and central bankers.
So, to recap:
Did we just spend so much time fighting and bickering with core that we totally missed the REAL takeover of Bitcoin, happening right before our eyes, by the likes of currently serving Federal Reserve Bank of New York Board Members?
Edit: Formatting.
submitted by readish to Bitcoin [link] [comments]

Beyond Blockchain with Moritz Bierling & Rick Falkvinge Bitcoin and the Blockchain  Rick Falkvinge ... Rick Falkvinge - YouTube Rick Reacts: How Blockstream failed and took the BTC fork with it Rick Falkvinge: The Network Effect of Bitcoin Legacy (BTC) is precisely zero  Bitcoin.com Features

Posted on 2019-08-14 • by Rick Falkvinge 45462 388. Featured. Bitcoin, the Bitcoin Cash roadmap, and the Law of Two Feet. Posted on 2018-12-30 22203 7. Featured. Pirate Party enters parliament in Luxembourg, gets 17% in Prague . Posted on 2018-10-17 22452 13. New World. What if new Google management decided that a search should cost $20, take eight hours, and be deliberately unreliable ... Rick Falkvinge, faux CEO of Bitcoin Cash, weighs-in satirically on the broader debate about the cryptocurrency ecosystem's funnier conspiracies. Rick Falkvinge is an advocate for bitcoin cash (BCS) and the creator of the Swedish Pirate Party, a political party that lobbies for individual freedoms and reforms pertaining to file sharing, copyright and patents. Falkvinge began exploring bitcoin Rick Falkvinge is an advocate for bitcoin cash (BCS) and the creator of the Swedish Pirate Party, a political party that lobbies for individual freedoms and reforms pertaining to file sharing ... Rick Falkvinge Bitcoin Sets New All-Time Highs - Breaks The $9,000 Barrier, Eyes $10,000 Before Xmas Pirate Party Founder Rick Falkvinge Predicts Bitcoin Price Over 2 Million USD!

[index] [2753] [22487] [25261] [13051] [37428] [40397] [13575] [19211] [40134] [27329]

Beyond Blockchain with Moritz Bierling & Rick Falkvinge

Watch the full episode with Rick Falkvinge for FREE only at: https://londonreal.tv/ ️ Latest Episode: https://londonreal.tv/episodes 🎓 London Real Academy: ... News Live Fashion ... Physical bitcoin with built-in network blinkenlights dropping from above into a pile. Free to use by anyone for any purpose. Rick Falkvinge uploaded a video 8 years ago 2:14 ... The internet brings much more changes than we could possibly ever imagine, typical of a very disruptive technology, as the generation who invents it can only... Rick Falkvinge, CEO of BitCoin Cash and founder of the Swedish Pirate Party on Bitcoin, crypto-currencies, and why they're here to stay. Aired on RT on Nov 20 2017. LAUNCH YOUR OWN PODCAST: https://londonreal.tv/by/ 2021 SUMMIT TICKETS: https://londonreal.tv/summit/ NEW MASTERCLASS EACH WEEK: http://londonreal.tv/masterc...

#