BTC is dead for most of its initial use cases, except ponzi shilling and Money laundry
Agreed (c.f. also my comment below), except you didnt mention the apparently intended use case which the globalist bastards who created Bitcoin have ostensibly intended for its final purpose. That is to eventually be the reserve asset backing Facebooks Libra global currency later when they are ready to devalue the U.S. dollar. What we have deduced in this thread (and the Rogue Wave and other threads I have linked to) is in order to launch their Libra global currency, our globalist masters will first manipulate public opinion such that it will appear that Bitcoin died. Then they will bring back the legacy, immutable Bitcoin which will never had died (although most plebs will be fooled into thinking Bitcoin died because Core will be destroyed this coming May 2020 if Craig keeps his promise).
I replied in the W.O. thread:So I should hodl Bitcoin even though no one else in the world will accept it as payment for anything because I can buy shares in Belarus. :rotflmao:
Dude get in touch with the concept called reality.
Now that we know he actually has these 500.000+ BTC (I'm estimating around 1.5 million BTC) it's pretty much guaranteed we'll see 3k and lower again very soon.
We don't
know anything like that. The court is ordering Craig to pay based only on documents he produced. No one has any proof that the Tulip Trust exists, or that he has access to these BTC. In fact, there's some evidence disproving the notion that he ever controlled the coins he claims to:
https://blog.wizsec.jp/2018/02/kleiman-v-craig-wright-bitcoins.html Correct. Agreed.
Craig Wright court ruling reaffirms that he is with Satoshi.
Yet all of you (who have commented and probably most readers) are ostensibly looking only at the tree bark and not over the tree tops to the Big Picture. See my written summary below
All the drama around Craig Wright is for optics with the intention of fooling the plebs. From another thread:CSW [may have] started this himself. In an
interview, he says that KIeiman's estate will have to pay a 40% estate tax for the inheritance, meaning they're going to have to dump around 200k BTC. This is wrong though, because as the article notes in a correction, Florida has already
eliminated estate taxes.
Btw, there is a 40% federal estate tax in the U.S.A.. The (lack of) Florida State estate tax isnt relevant. This forum is laden with inkblot mistakes like that which totally mislead readers.A few months back, he pulled off a major scam with his shitcoin BSV and was able to accumulate hundreds of millions of USD in funds. First, he filed a few lawsuits against individuals who rejected his claim as the original "Satoshi Nakamoto". This crashed the BSV prices, and many of the exchanges decided to delist the coin from their platforms (the action by exchanges also look questionable now). As per reliable sources, Wright amassed a huge volume of BSV at dirt cheap rates.
Then he stepped in with his second part of the plan. He filed a patent application for BTC and Blockchain, which resulted in BSV prices shooting up by 250%. He sold most of the coins that he accumulated previously at a profit, and in the end became richer by a few hundred million USD.
Craig is intentionally making a mockery of the court system.
What he did here was instigate the court (at his behest, feigned as a defendant) to give him an excuse to dump 852,000 BTC on the market this coming May 2020 when hes ready to start the 6+ million BTC SegWit booty donations taking hard fork. He will be leading the miners to massive riches (in the form of SegWit anyone can spend donations booty taking) and away from a Core shitcoin impostor blockchain that will slow to a crawl (perhaps 1 block every week!). Craig is providing legal cover for his future actions. He will make it appear he is complying with a court order when in fact he was (posited to be) surreptitiously suing himself in court. Lol!
Craig is an actor. Everything he does is for a purpose to fool the gullible plebs and in our impotent, manipulable court systems.
Craig will only be selling his free airdropped Core tokens and BSV shitcoins. He will secretly hodl the legacy, immutable BTC which is the real treasure trove. He will (secretly) split the blockchain before uploading the free airdropped Core tokens to the exchanges (Core blockchain will only see the Core transactions until he reveals his non-compliant chain which Core will reject and hard fork away from), then he will keep the legacy, immutable BTC for himself. He will dump the 852,000 Core tokens for USDT, while amassing massive shorts, causing a contagion stampede, and then cash out of the exchanges. The exchanges who hodl in SegWit addresses will be bankrupted. Massive chaos coming May 2020 if Craig keeps his advance notice promise.
Before the May 2020 halving (which is the ideal time to do the SegWit donations taking, hard fork attack, because the mining rewards will be halved so marginal miners will be starving for revenue) he will drive the BTC very high to maximize the mining hashrate and difficulty before crashing the price at halving. Also to maximize his short positions when he dumps on the market and initiates the mining attack on Core offering massive profits to miners who mine his fork and not the Core fork (the Core will have slowed so much that miners who mine it will be bankrupted). It is a masterful plan. The cryptocosm is going to be going zonkers and in massive panic. Nobody expects Core to die. The world will be shocked. Lol, my popcorn is full stocked and my Orville Redenbacher's® Hot Air Popper machine is fully oiled.
Remember BSV is a decoy shitcoin. Craigs bankster globalist backers ostensibly want the legacy, immutable Bitcoin, which I posit they will eventually use as the global reserve currency backing Libra when they are ready to devalue the strong dollar. In the interim, they will discredit and destroy cryptocurrency to turn the worlds attention to presumably Libra. After May 2020 when Bitcoin is known as the theft coin, the people of the world will reaffirm their suspicion that decentralized cryptocurrency is a scam (which indeed it is!). So the people of this sad world will embrace the centralized Libra. Masterful plan of enslavement our globalist masters have concocted. These globalist bastards created Bitcoin as a massive deception and as their plan of how to move the world to a globalized monetary system controlled by (as of today) the 39 largest tech and banking corporations (in the Libra foundation). Realize it doesnt matter if the Bitcoin reserve unit is decentralized (and that is also a dubious proposition given the globalist banksters can buy all the mining equipment that want because they print money out-of-thin-air), because the Libra foundation will be able to change the ratios of reserve assets at-will. The digital gold, decentralization and payment system in the original Bitcoin whitepaper were exaggerations intended to deceive.
I will remind readers of key excepts of what I wrote earlier in this thread as follows:Why are people still obsessed with this douchebag? Proof of keys or GTFO. It is the simplest way to prove he is Satoshi. None of this foolish pageantry. Only newbies are hooked to his BSV bullshit.
For people who do know with CW bullshit propaganda will just simply ignore this but the sad fact that there are still newbies who are being mislead with this bullsh*t news around.
With the bullshit news, what has he then achieved with it, he is only just trying to ridicule himself, I think when people see him now, they see someone that is into marijuana and its turning his head to say all those rubbish he is saying, and does he think that he will ever succeed to make the price of bitcoin drop so as to promote bsv? He has really failed.
In case you are new to bitcoin, selling 821,050 bitcoins is some serious showing of "proof of keys".
How quickly the myopic [
] around here forget Craig crashed the BTC price from $6k to $3k:
Also it was [likely] on purpose that Craig Wright (who is just a pawn or front man actor for the globalists) was tasked to act like a fool, so that everyone would dismiss his warning. The globalists (who created Bitcoin) have fabricated a masterplan. Again I will link you to the information as follows:https://bitcointalk.org/index.php?topic=5157901.msg52251343#msg52251343https://bitcointalk.org/index.php?topic=178336.msg52254095#msg52254095
And here follows a link to my first post in this thread (relayed by @Last of the V8s) wherein I explained that Craig Wrights long-term advance warning is really about a SegWit attack against Core Bitcoin to restore the legacy Bitcoin with immutable block size. Craig isnt tell you this, because he is using BSV as a decoy to deceive everyone as to the true aims of his plans and his globalist backers:https://bitcointalk.org/index.php?topic=5147618.msg51306669#msg51306669As for the big picture of what is going on, who created Bitcoin, and why they are using Craig Wright as their pawn to obtain global totalitarian control, read the following linked post (and then the entire linked thread):https://bitcointalk.org/index.php?topic=5157901.msg52251343#msg52251343In summary, Bitcoin will (after this current bounce) soon decline back to the 21 EMA level (~$8500 or below as was the case in June 2013), then slowly climb over $13k by Jan 2020, and then the pattern of 2013 will repeat with a moonshot before the May 2020 halving event which will mimic the price action of 2013:https://www.tradingview.com/chart/BTCUSD/1QSGColK-My-Secret-Chart-For-When-To-To-Buy-Bitcoin-In-A-Bullish-Trend/https://twitter.com/JacobCanfield/status/1164185278262718464/photo/1The BTC price at the halving needs to be very high, so the mining difficulty is very high so that when Craig dumps 850,000 Core BTC (he will split his BTC before loading onto the exchanges and keep the legacy, immutable blocksize BTC) and then initiates the mining attack to force Cores protocol to fork off, then as the price of BTC craters to below $1000, the Core protocol fork block chain (after being forked off from the legacy Bitcoin by the taking of the 6+ million BTC SegWit anyone can spend booty) will grind to a halt. Blocks will be found perhaps once a week. And the difficulty will not readjust for a year or years. At that point Core is dead and the exchanges will be fleeced and bankrupt. Massive chaos comin May 2020 if Craig keeps his promise.
The legacy, immutable blocksize Bitcoin will be the blockchain that survives and is eventually used to be the backing of the new global currency Facebook Libra, when the powers-that-be are ready to weaken the U.S. dollar and assert their resultant totalitarian control of global monetary policy (and the totalitarian political power that will provide them). You fools! We are going to be entirely enslaved in the 666 system.
I think you have no idea about my technological acumen. I for example wrote a four-part blog on blockchain consensus algorithm technologies:https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers
immutable Bitcoin with a 1 MB hard blocksize limit
It is not "immutable" with respect to blocksize. The blocksize can be changed, but since everybody has "defaulted" to a specific limit, it requires extensive coordination.
Soon you will be spanked and come to realize that the blocksize is indeed immutable. The game theory of why that is the case, has been explained extensively in the discussion in the Rogue Wave thread, which I have already linked numerous times in this thread. You are close to alluding to the reason where you mentioned the requirement for (impossible) coordination but theres more details about the asymmetric poison pill in the game theory that is discussed in detail in the Rogue Wave thread. I do not have time to argue with an overconfident Dunning-Kruger idiot who thinks he is smarter than he is. You fail to read my archives and assimilate the prior information. Youll be taught a lesson soon and be appropriately humbled. All of you that have ridiculed my warnings will be struck down to plebs size.The specific limit changes the game theory of "stale blocks" significantly.
Dude please dont try to introduce some naive (irrelevant) game theory strawman BS here. I dont have time to go off unnecessary tangents to explain all your various misunderstandings and myopias.It is naive to "blame satoshi" for this.
Satoshi is the globalist elite bankster bastards who have created Bitcoin. The entire scam is the work of Satoshi which includes their front man actor Craig Wright.
Satoshi (i.e. the think tank of the globalist elite) understood very well the game theory of the immutable blocksize. That is why Satoshi disappeared after hardcoding the 1 MB size into the default client. He understood very well the anyone can spend and asymmetric airdrop poison pill that would prevent soft forks from succeeding in the end game.
There is no amount of coordination that can trump the poison bill booty taking economics. Period.Centralization = 51% attack (or sufficient percent such as perhaps 33%). A 51% (or sufficient majority) attack can surreptitiously censor anything whether it be entire blocks or just blocks that have transactions which are to be disallowed.
No. They cannot.
They cannot effectively censor my transaction, as they neither know which transaction is mine, or what the contents of the tx is.
They cannot effectively censor a block ... as other blockfinders will catch up, and mine the tx into a competing block.
Incorrect.
1. A majority hashrate mining cartel can censor all transactions that dont attach KYC if they so choose. A 666 system.
2. Other blockfinders will not catch up, because a majority hashrate mining cartel can censor all minority hashrate blocks.
3. Even less than 51% can effectively censor if they are able to subdivide the remaining hashrate onto numerous orphaned forks with a very high orphan rate. This can be accomplished numerous ways such as a by increasing the delay of block propagation.
You are not qualified to be commenting on the technology of blockchains. Please stop.These are the things which make blockchain technology GOOD. Your comments indicate that you either do not understand blockchain, or you are actively trying to undermine it.
Lol. Who does not understand?https://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effectThe clever game theory poison pill that Satoshi inserted into his immutable Bitcoin protocol, is such that all soft forks are anyone can spend
No not "all" soft works. Just specifically segwit, due to the way it was implemented. Again, you are demonstrating a severe lack of understanding.
Satoshi understood and stated that the only way to add significant changes to the protocol is something like P2SH. We quoted him in our discussions on this point.So only the hodlers will make the final decision when Core is forced to fork off, because the hodlers will decide which tokens they sell and which they keep.
Indeed. The market sets the price of all the different tokens, include any "air drops" caused by BTC forks during the coming segwit calamity.
This was already discussed in great detail in the Rogue Wave thread. Everyone always sells the airdrop tokens. When the SegWit donations are taken by the legacy, immutable Bitcoin protocol, then Core will fork off. The legacy, immutable Bitcoin address hodlers get both tokens. The Core shitcoin address hodlers get only the Core tokens. So which tokens do you think the legacy, immutable Bitcoin hodlers are going to dump, when Craig has cratered the Core price and the Core blockchain is only finding a block on the order of once a week?However, why would any of them be worth anything. 1MB every 10 minutes, shared between the entire world is very very very very stupid.
Because Bitcoin was not created to be a payment system. It was created to be a reserve currency that backs Facebook Libra. Bitcoin will be used by billionaires only, but everyone in the world will use Bitcoin as their unit-of-account once it is the backing for Facebook Libra.
It is a masterful plan of global enslavement. And you were too slow to figure it out. I was here since 2013 and figured it all out for you. You should thank me. My very first post on this forum was my essay Bitcoin : The Digital Kill Switch.You can clearly see that Satoshi conveniently ignored that plea
It was never up to Satoshi to fix it. It is up to the miners.... they could find a larger than 1MB block if they really really want to.
No they cant. You do not understand the game theory of Bitcoin. Please read the Rogue Wave thread.
If you ask me why I am so exasperated, it is because I have tried to help everyone and explain but there are so many hard headed fools who cant open their eyes and see what is really going on.