Oh my Satoshi
<h3>A call to arms</h3>
January - June 2018
June ~ January
→ June ~
→ 10th Birthday Whitepaper
→ 1st BCH Birthday
→ BlackNet solved
Law, Malleability and Lightning
by Craig Wright on June 19, 2018
The addition of a system that makes the underlying network redundant in the long term is a thought-provoking development in Bitcoin Core. The addition of a second layer fee structure alters the nature of Bitcoin in fundamental ways, changing the requirements of the system and introducing an overlay network, Lightning, as an exchange system of promissory notes.
The last start of a system such as Lightning is the creation of a system that mirrors a Strangler fig. This is portrayed in the image below. The Lightning system itself becomes the token, leaving Bitcoin, Litecoin and all Blockchains as dead and hollow ghosts of their former state. The myth is that we need to have an underlying system such as Bitcoin. I say myth here as the truth is we live in a world where legal tender is no longer backed by sound monetary policy and is designed to support the goals of the state.
Digital Asset Transactions: When Howey Met Gary (Plastic)
by William Hinman
SEC, Director, Division of Corporation Finance
Remarks at the Yahoo Finance All Markets Summit: Crypto
Speech given on June 14, 2018
And so, when I look at Bitcoin today, I do not see a central third party whose efforts are a key determining factor in the enterprise. The network on which Bitcoin functions is operational and appears to have been decentralized for some time, perhaps from inception. Applying the disclosure regime of the federal securities laws to the offer and resale of Bitcoin would seem to add little value. And putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions. And, as with Bitcoin, applying the disclosure regime of the federal securities laws to current transactions in Ether would seem to add little value. Over time, there may be other sufficiently decentralized networks and systems where regulating the tokens or coins that function on them as securities may not be required. And of course there will continue to be systems that rely on central actors whose efforts are a key to the success of the enterprise. In those cases, application of the securities laws protects the investors who purchase the tokens or coins.
I would like to emphasize that the analysis of whether something is a security is not static and does not strictly inhere to the instrument. Even digital assets with utility that function solely as a means of exchange in a decentralized network could be packaged and sold as an investment strategy that can be a security. If a promoter were to place Bitcoin in a fund or trust and sell interests, it would create a new security. Similarly, investment contracts can be made out of virtually any asset (including virtual assets), provided the investor is reasonably expecting profits from the promoter’s efforts.
SEC Director of Division of Corporate Finance William Hinman issued new remarks on whether crypto assets are securities at Yahoo Finance crypto summit
Jun 17, 2018
The Blockstream patent says Bitcoin is broken & cannot work w/o their SIGNIFICANT changes.
So they significantly changed BTC. Many hodl BTC cuz they *think* they hodl Bitcoin, but BTC is Blockstream's vision, not Satoshi's. BTC is objectively alt-Bitcoin.
BCH is Bitcoin.
LokadTV - Episode 8
Bitcoins, Supply Chains and Cartels
Published on Jun 13, 2018 by Lokad
Unlike what we keep hearing in the media, Bitcoin has very little to do with cryptography, and a lot more to do with simple economics. At Lokad, we have pretty much the same economical perspective on supply chain, something that we call the Quantitative supply chain. In this episode we are lucky enough to be joined by Amaury Séchet, arguably one of the most famous Bitcoin experts and the lead developer at Bitcoin ABC, to discuss cartels and how they can occur in Bitcoin and supply chains.
Economic cartels are a type of market where participants not only compete but also cooperate. We look into the properties of cartels and how they can affect Bitcoins. We discuss what happens when they break down and investigate the difference between cooperation and collusion. We understand how competition can be created and finally discuss whether we can expect cartel-like tendencies in the future of supply chains and Bitcoins.
A call to arms
published by Craig S Wright on June 8, 2018
I make this as a call to all miners, to all entrepreneurs, to all business people and to all those seeking to create something more. To change the world and leave a mark.
I call not for you to fight for me.
To compete with me, and to compete to achieve more than me. At worst, to compete against me, but, to compete!
nChain, as BMG are miners. We are developers, we are entrepreneurs, and we are creators. We live or die on profit.
I write this document knowing that it is our one and only opportunity. Our opportunity as a world, as one people, one race for that is all we are. Far too much time has been squandered already. Many believe that the seed of this idea is out there and that once it takes root, it can never be extinguished. That is in error. If Bitcoin fails, then the idea will never be what it was designed to be. There will never be a free, open, hard and uncontrolled money. Nothing else will replace it. What comes will use the technology, but it will be something else, something monstrous and something that enslaves and not something that frees.
Note by Craig S Wright on June 8, 2018:
BCH or Bitcoin cash IS Bitcoin. Bitcoin Core (BTC) is not, it forked and became an Alt coin going down a path that is not sustainable.
If you want to know why then watch, and you will see in time the cancer that was added to BTC and how it erodes the system. If you want me to explain more… stiff. I am here to make a profit, and I am here to bring a single global monetary system, I am indeed not here to assuage your fears and make the world more comfortable for you
Life, the universe and everything.
published by Craig S Wright on June 1st 2018
For some time now there has been a small but vocal group who claim to be bitcoin's supporters and yet are incredibly far from supporting bitcoin in any manner whatsoever. These people like to claim how all systems must be nodes. The truth, they seek a technocracy that they rule. In the system created within bitcoin, the miners are not a single entity; they do not speak with one voice. They are competing amorphous and ever-changing system designed to secure transactions in a manner that cannot alter.
Why The Lightning Network Doesnt Scale
A summary of why the lightning network does not scale as a decentralized mesh network.
Published by Decentralized Thought on 29 May 2018
Bitcoin's Atomic Age
At the inaugural CoinGeek Conference, Dr. Craig Wright talked about atomic swaps, and how these will enable inter-blockchain conversion between different cryptocurrencies on the Bitcoin Cash blockchain.
Stefan Molyneux predicts Blockstream takeover of Bitcoin
Published by Crypto Me! on 6 May 2018
The original video was published in 2014:
Found on https://memo.cash
Why Governments Can't Stop Bitcoin
Published by Daniel Krawisz on 13 May 2018
Proof that Proof-of-Work is the only solution to Byzantine Generals' problem
by Oleg Andreev
In reply to "@Vlad_Roberto: No, not a programmer. I just know there's better ways to doing anything without massive energy consumption & Banks."
The problem of blockchain synchronization is the following:
Imagine you are sitting in a bunker. You have no idea what people are out there and what are their intentions. You only receive some incoming messages from strangers that may contain anything. They can be just random garbage or deliberately crafted messages to confuse you or lie to you. You never know. You cannot trust anyone.e
The problem of "money" or any other "social contract" is that everyone should be able to know what the majority agrees to without trusting some intermediaries (otherwise they can easily obuse their special position). If everyone votes for "X", then you sitting in a bunker must somehow independently figure out that all those other people indeed voted for "X" and not for "Y" or "Z". But remember: you cannot trust anyone's message and messages are the only thing you get from the outside world.
I'd also like to thank:
- Vinny Lingham @VinnyLingham
- Rick Falkvinge @Falkvinge
- Eli Afram @justicemate
- Vin Armani @vinarmani
- Jihan Wu @JihanWu
- Jimmy Nguyen @JimmyWinMedia
- Peter R. Rizun @PeterRizun
- Egon @Egon_01
- Gavin Andresen @gavinandresen
- Mike Hearn - CoinText @CoinText
- Tom Harding @dgenr818
- James Howells @howelzy
- Jason Elliott @OnWindowly
- CryptoKid @thecryptokidd
- Mr. Scatman @bsmith12251960
- YoBits @StackmyBCHup
This video was CENSORED from YouTube by Bitcoin Core supporters
Links mentioned in the video:
Doug Polk doesn't have any clue how LN works, or who Gavin Andresen (The person Satoshi left the project to) is: https://www.youtube.com/watch?v=HOWuE...
Censorship on /r/Bitcoin: https://medium.com/@johnblocke/a-brie...
More Censorship: https://medium.com/@johnblocke/r-bitc...
The @Bitcoin Twitter account censored: https://twitter.com/davidshares/statu...
Learn more about Bitcoin at https://Bitcoin.com
Published on 22 Apr 2018 by Roger Ver
Tokenization on the Bitcoin Cash Chain - Craig Wright @ TOKEN2049
Craig Wright (Chief Scientist at nChain): Tokenization on the Bitcoin Cash Chain - Day 2, at TOKEN2049 in Hong Kong, 20-21 March 2018
Published on 17 Apr 2018
Sido & Savas "Hodln" (Official HD Video) 2018
Sido & Savas "Hodln" feat. Basti DNP, Frauenarzt, Manny Marc, Yassin, Felix Krull, Sera Finale & Julian Hosp, prod. von Smoove, Cuts von DJ Desue, aus dem Tour-Mixtape "Wasch den Thron"!
from album "Royal Bunker" by Savas & Sido: http://www.royal-bunker.com
Bitcoin is evolution, not revolution
Unfortunately, too many people think that bitcoin creates an anarchist system that is outside the scope of law. Even modern Keynesians have been overly zealous in insisting that central banking is not possible with a gold standard (or other hard monetary system). The Bank of England is generally credited with the development of what we call central banking. In 1866 the Bank of England made loans using its discount window penalty rate of 10%. This process involved the Bank of England acting as the lender of last resort in a financial crisis that was stemmed off even though the currency was based on a fixed Sterling economy. The system was not a one-to-one peg but was rather a 25% reserve but even as such it was a fixed reserve.
Read full text
published by Craig S Wright on yours.org
Strategy 9 "隔岸观火" - Watch the fires burning across the river.
Strategy 11 "李代桃僵" - Plum tree sacrifices for the peach tree. (Sacrifice the silver to keep the gold.)
BTC may be larger, but it is the plum tree.
The battle will rage 20 more years... But few see the players yet... most have not even moved a pawn.
Dr Craig S Wright @ProfFaustus
13 Mar 2018 - 2:34 PM - on twitter.com
Dr. Craig Wright exposes Blockstream false narrative
In this talk, nChain Chief Scientist Dr. Craig Wright debunks myths being perpetuated by Blockstream.
Published by CoinGeek on Apr 3, 2018
March 25, 2018
Bitcoin Network Topology: Small World vs Mesh
by Dr. Craig Wright (nChain)
Turing Complete Computation in Bitcoin
by Clemens Ley (yours.org)
A Future Vision for Bitcoin Cash
by Amaury Sechet (BitcoinABC)
Bringing Bitcoin Cash to a Mainstream Audience
by Ryan X Charles (yours.org)
Rick Reacts to the Lightning Network
By popular demand, Rick takes a detailed look at the much-hyped Lightning Network and shares why he believes this solution will ultimately be a dead end.
Dr Craig S Wright
Filtering trolls is not censoring. It is the opposite. Trolls censor.
Trolls and others stop the majority from learning. You do NOT have a right to interrupt others. You have a right not to participate.
Trolls have a right to their own ignorance.
They have no right to others
Edward Snowden Interview About Bitcoin Blockchain
Recorded at Blockstack Berlin, March 1, 2018
Not as rich as you think…
Imagine a rational, disciplined person who had $100,000 in investments before they heard about Bitcoin. On January 1, 2011 they decided to take a risk and spend five thousand dollars to buy 10,000 BTC. Their long-term plan: evaluate their holdings once a year, and rebalance at the beginning of the year if their BTC holdings were more than 10% of their total investments.
I created a spreadsheet showing what happens. They would do extremely well, ending up with over $5million– a 1,000x return on their initial investment! But they would sell almost all of their BTC along the way, ending up holding fewer than 40 BTC.
Which is nothing to sneeze at; 40 BTC is worth a few hundred thousand dollars, and 5 million dollars in safe, liquid investments is enough to fund a very comfortable retirement.
A Bitcoin Cash World – Dr. Craig Wright and Jimmy Nguyen
nChain Group CEO Jimmy Nguyen interviews Dr. Craig Wright (nChain Limited's Chief Scientist) to share Dr. Wright’s vision for a “Bitcoin Cash World” where Bitcoin is used on a daily basis by merchants, consumers, banks, and other participants across the world’s economy.
The duo discuss:
• the advantages of Bitcoin over traditional fiat currency and payment methods
• why the newer Bitcoin Cash presents the better path to being “peer-to-peer electronic cash”
• what steps need to be taken to achieve global adoption
This presentation was given as part of the “We Are Fascinating Project” series in London, United Kingdom (February 1, 2018). nChain is the global leader in research and development of blockchain technologies. Its mission is to enable worldwide adoption and enterprise-level usage of the Bitcoin network, focusing on Bitcoin Cash as the true Bitcoin.
Dr Craig S Wright
@ProfFaustus via Twitter
2018 is the year we bring Bitcoin to its full potential. BCH will have more security and no more issues with limits on what it can achieve.
Block size not constrained
Time to bring it to the world
Secure threshold systems to make even web wallets secure.
Transaction blinding for increased privacy
All work best with low fees and open Bitcoin cash to global adoption
Supply and demand.
We are going to release solutions in 2018 into most continents. We want use.
Bitcoin cash has a supply limit. Adoption will drive price.
It is well planned. There are many things coming.
We are interested in delivering cash to the world. Not a bank settlement system. So, it is all about whether you believe in PayPal 1.5 in BTC or global cash in BCH
Build merchant solutions. Sexy UIs that people want to use.
BTC has become the Alt coin
BCH is bitcoin. No segwit insecure additions and no radical alterations like BTC
"When robbery is done in open daylight by sanction of the law, as it is done today, then any act of honor or restitution has to be hidden underground."
"Are you thinking that death and taxes are our only certainty.....? Well, there's nothing I can do about the first, but if I lift the burden of the second, men might learn to see the connection between the two and what a longer, happier life they have the power to achieve. They might learn to hold, not death and taxes, but life and production as their two absolutes and as the base of their moral code."
- Ragnar Danneskjöld