Just because you're not interested or motivated in changing something, doesn't mean it can't be changed.
City and state level political change is very malleable.
1,913 karma · joined October 3, 2014
City and state level political change is very malleable.
Do you understand the difference between state/corporate socialism, and regulations?
They had paid for Yelp advertising, and after deciding to stop suddenly their search result priority dropped, bad reviews were prioritized in their profile, and good reviews started being removed.
I'd envision "kamikaze" drones being the most feasible
thing to be effective first. Basically much smarter
missiles. A vision of a swarm of something..
A Bitcoin bug happened a few weeks ago allowing any attacker to generate infinite free BTC, but the network survived only because an honest researcher chose not to exploit it. [1]
Constrained supply means protection against inflationist
central banks.
The current inflation rate for the United States is 1.9%
for the 12 months ended December 2018, as published on
January 11, 2019 by the U.S. Labor Department.
Bitcoin inflation rate per annum: 3.83% [2]
4. fraud in exchanges
[1] https://hackernoon.com/bitcoin-core-bug-cve-2018-17144-an-an...
https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposu...
[2] https://www.bitcoinblockhalf.com/
[3] https://medium.com/@bitfinexed/latest
https://hackernoon.com/the-curious-tale-of-tethers-6b0031eea...
https://medium.com/@bitfinexed/bitfinex-never-repaid-their-t...
https://medium.com/@bitfinexed/the-mystery-of-the-bitfinex-t...
UTXOs remain the best way to track overall market use and movement.
Looking at the Winter 2017 UXTO transaction logs, it's pretty clear a single entity was (can/is) coordinating upwards of 10%-50% of the volume, the clearest examples of this are throughout December of 2017.
You've actually just convinced me rent control might do a city good by pushing capital investors into more useful pursuits, rather than simply "investing in land" which effectively does nothing of value for people.
I do think it's silly to treat the symptom without fixing the main problem which is zoning law and permit restrictions on building more housing stock. But why not both?
Might as well add the Land Value Tax while we're at it
If high rent is the issue, vacant units should be pushed to the market instead of artificially limiting supply. Cities and residents would mutually benefit from a vacancy tax like Vancouver or similar, where international speculators are not using the units for anything useful to anyone in the city.
"Dr. McClenachan used photographs taken between 1956 and 1985 to document the loss of the large trophy fish in the Florida Keys, and compared them with photographs that she took in 2007. She found a major shift in species composition across reef communities through time, with larger predatory fish being fished first, followed by a steep decline in the sizes and weights of fish caught more recently. Historically, catches were dominated by large sharks and goliath groupers, but today, the catches are almost exclusively small snappers. Interestingly, Dr. McClenachan found that the cost of fishing trips did not decrease, meaning customers paid approximately the same price for a ~20 kg trophy fish as they do for a ~2 kg trophy fish now, some 50 years later."
By putting your artwork on the "BitCoin Blockchain",
Verisart will hand wavy magic increase the trust in
art dealers and reduce fraud.
That's a pretty neat idea. A distributed public ledger of
who I have sold my art to. And, if they sell it, they have
a cryptographically signed certificate proving its
provenance. The seller can sign the certificate with their
private key to say they've sold it to the new owner of a
specific public key. Nifty!
Except… and I hate to bring the art industry into
disrepute… what if I sell a fake and keep the original in
my Underground Vault?
There's no way to permanently attach a digital certificate
to a physical work of art.
Incidentally, this is the problem with all the startups
claiming the blockchain will revolutionise the integrity
of global logistics markets. Sure, you can slap a QR code
on a crate - but nothing stops an unscrupulous middle-man
from replacing or adulterating the contents of the crate.
Let's get back to Verisart's other issue. Proving that I
am the creator or owner of a piece of artwork.
Long story short, I convinced them that I painted the Mona
Lisa.The argument summary of your article is hand waving, claims that the sum usage of software designed to be increasingly energy wasteful (Satoshi's random nonce lottery as a means of increasing CAPEX and decreasing production output)
https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposu...
CVE-2010-5141 remote attack can spend anyone's balance
CVE-2010-5139 On 15 August 2010 over 184 billion bitcoins were generated
in a transaction, and sent to two addresses on the
network.
CVE-2012-2459 2012-05-14 This could be used to fork the
blockchain, including deep double-spend attacks.
CVE-2013-3219 Attacker can double-spend with 1 confirmation
CVE-2018-17144 Multiple double spend bugs allowing a user
to send more funds then available in wallet balance.
If you look at the previous comments you keep ignoring the specific points explained against why your claims are disingenuous and naive and repeating the same tired marketing falsehoods in your attempt to convince rubes into buying database software which may very likely become obsolete at any moment in the immediate future. Why would you want to store your "money" in a fragile software system with no protection or safeguards? At least with gold, you won't have someone on the other side of the world capable of breaking into your house remotely and stealing your savings.
Here's a recent research paper analysis on Bitcoin and the lightening network:
https://ftalphaville.ft.com/2019/01/23/1548238967000/BIS-tro...
https://www.bis.org/publ/work765.pdf
https://www.ft.com/__origami/service/image/v2/images/raw/htt...
Shapeshift is not an atomic swap, it's an exchange and they charge a large fee on top of the current spot price determined by other major exchanges.
Bitcoin hacks are related to Bitcoin because Bitcoin/Ethereum is software.
See: https://www.livebitcoinnews.com/cve-2018-17144-the-aftermath...
When was the SWIFT protocol hacked? I'm guessing you're confusing stolen credentials with "hack" in that case which is indeed similar to the many cases where cryptocoin exchanges get hacked though stolen credentials and user funds are taken - except if that happens to your account at a normal bank you're protected with FDIC insurance or something similar depending on your bank.
You're confused. Regular banks fail, and customer funds are protected. When a regular bank fails, that has absolutely nothing to do with debasing currency, nor does it affect the inflation rate.
When you use Bitcoin there's a lot of trust needed that can't be guaranteed or verified, and while problems exist with traditional payment systems at least customers have protections and criminals or bad businesses can be held accountable.
I'm not sure why you think avoiding a legal system, or avoiding financial regulations would help solve any of the problems with malicious scams and abuse?
It sounds more like you're attempting to sell a product that does not fix any of those things, hoping to convince an audience to buy into an oligarchical penny stock
Decentralized exchanges are a myth. Someone is creating the software and with the added complexity, lack of accountability with anonymous developers comes the risk of malware hidden in software updates.
The only reason I can imagine you or anyone would try to argue that the answer to an imperfect legal, regulatory, and financial system is to abolish it and move to a new system designed to bypass accountability and where the money supply was designed to be minted very rapidly to an anonymous group of oligarchs who then simply horde it, would be because there's a strong psychological motivation for you to attempt to convince other people to "buy" into your deregulated penny stock database not because there's any real world benefit over a regulated system, but because you simply want to sell your stock for a higher price - leaving the greater fools who buy database tokens holding a bag of something they can't use anywhere.
Deregulation helps against malicious actors how??
https://medium.com/cryptopay/list-of-known-bitcoin-scams-bew...
https://bitcointalk.org/index.php?topic=576337
Bitcoin and cryptocoins have been plagued with malicious actors since its inception. From Satoshi's wallets to MTGOX, the countless Bitcoin hacks and scams.
https://en.wikipedia.org/wiki/Mt._Gox
https://bitcointalk.org/index.php?topic=576337#post_linode_h...
https://bitcointalk.org/index.php?topic=576337#post_allinvai...
https://bitcointalk.org/index.php?topic=576337#post_bitfloor...
yet another major Bitcoin bank/exchange has exit scammed.
https://www.blockhaven.ca/releases/quadrigacx-a-potential-ri...
https://www.theguardian.com/technology/2015/mar/18/bitcoin-d...
https://bitcoinmagazine.com/articles/fraudulent-south-korean...
When was the last time a Bank collapsed and FDIC insured deposits were lost?
https://thenextweb.com/hardfork/2018/01/17/bitconnect-bitcoi...
https://coinnewstelegraph.com/ethereum-news-new-zealand-base...
http://blogs.telegraph.co.uk/technology/willardfoxton2/10000...
The main points I presented are provable, leaving only the Bitfinex'ed theory up to the evidence and allegations presented which have been backed up with additional university studies. [1]
A] Bitcoin hyperinflation and low cost ROI/CAPEX/OPEX supply acquisition by Satoshi's Bitcoin mining rule set can be understood by reading the original Bitcoin white paper and factoring in the low difficulty and tiny user base during the initial period of hyper inflation.
B] The current inflation rate for the United States is 1.9% for the 12 months ended December 2018, as published on January 11, 2019 by the U.S. Labor Department.
Bitcoin inflation rate per annum: 3.83% [3]
C] Control of the Bitcoin supply being owned by an oligarchy. This is provable by looking though any of the Blockchain explorer APIs or by analyzing the blockchain yourself.
Even if we were to assume the 4.11% of Bitcoin users (addresses) who control 96.53% of all bitcoins in circulation were actually the main exchanges, this is still much worse than the traditional banking/financial markets due to the current unaccountable nature of how those exchanges operate. An ongoing trend in the Bitcoin markets is the famous BART phenomenon, presumably one of the largest owners of Bitcoins is manipulating the entire market though short squeezes which last a few minutes before the market returns to where nearly exactly where it was before. The most plausible explanation is one or more exchange operators are capable of mixing fractional reserve deposits with manipulation of the futures markets to fraudulently terminate market contracts with those extreme temporary spikes in volatility and minimize their risk by returning the market price back to where it was prior before any deposits/withdraws can be confirmed between exchanges.
[1] https://www.bloomberg.com/news/articles/2018-06-13/professor...
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066&...
[2] https://www.usinflationcalculator.com/inflation/current-infl...
Where there even cases of demanding payments for ransomware before Bitcoin?
Ransomware and international money laundering are easier with Bitcoin, Ethereum, and Monereo.
It's arguably their only real world use case due to the high overhead cost, risk, and instability of transacting though those systems versus "traditional" fiat based transfer systems.
BTC inflation is currently higher than USD
Historically, Bitcoin started off as a hyperinflationary mint in order to produce the supply rapidly for a small user group before the general public would be able to access the production methods and before the difficulty settings Satoshi chose would increase the cost of production and reduce the ROI and increase the CAPEX/OPEX dictacted by the BTC mining software and network.
Aprox 4.11% of Bitcoin users (addresses) control 96.53% of all bitcoins in circulation. Also there's a chance that something will make Bitcoin obsolete in the near future - immediately destroying the trade value of Bitcoin, either a new cryptocurrency, a quantum computer or cryptographic breakthrough that would allow theft of BTC private keys or more predictably a bug like what recently happened in the main Bitcoin core wallet client software which allowed a user to inflate the supply of Bitcoins past 21 million and mint more BTC for free.
https://www.livebitcoinnews.com/cve-2018-17144-the-aftermath...
Here’s an explanation on how the Bitcoin market differs vastly from Gold speculation markets:
https://www.youtube.com/watch?v=6r04gfWfRkE
Then there's the story of Bitfinex, assumed to be a lingering MTGOX scale exit scam using a "stablecoin" which is pegged 1:1 with USD across all other major cryptocurrency exchanges. With no audit, Bitfinex has printed aprox $2,042,257,000 USD as of today. Much of which is alleged to be used by their own accounts to manipulate the levered futures markets.
There's a reason ransomware was not feasible with cash at the scale it's happening today.
You can't pretend cryptocurrency is made to bypass only unjust laws and regulations.
Coinbase, which recently raised $75 million in seed
funding from prominent financial institutions such as the
New York Stock Exchange, said one of the four biggest
advantages of bitcoin is that it is "immune to country-
specific sanctions," citing Russia as an example, in a
PowerPoint presentation put together for investors by the
company late last year.
The regions with widespread poverty aren't going to be enthusiastic about the fees, and wild instability that comes with crypto database tokens, Ethereum and so on.
The real use case is obviously money laundering, but everyone wants to try to spin the marketing into unrealistic areas.
https://old.reddit.com/r/MoneroMining/comments/6fixnr/monero...
I'll take a wild guess that you've given your money that's accepted everywhere, in exchange for Stellar and Ripple because you want to sell it to someone else for more than you bought it?
Once you look past the marketing facades it's basically penny stock with a slow database that's incompatible with almost everything else.
It's good to look into the details behind the folks who make all these free tokens:
https://www.coindesk.com/ripple-jed-mccaleb-settle-suit-over...
As part of the settlement, McCaleb has sold his equity in
Ripple, and has agreed to sale controls on 5.3bn XRP owned
by him and his children.What’s the “value” of a database designed for plutocracy?
http://www.niemanlab.org/2018/11/i-had-to-borrow-money-to-pa...
https://news.earn.com/quantifying-decentralization-e39db233c...
"The basic idea is to:
(a) enumerate the essential subsystems of a decentralized system,
(b) determine how many entities one would need to be compromised to control each subsystem, and
(c) then use the minimum of these as a measure of the effective decentralization of the system.
The higher the value of this minimum Nakamoto coefficient, the more decentralized the system is."