Collapse of Mt. Gox - Bitcoin Wiki

Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits

Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits
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CryptoCurrency Stores and shops

A place for everyone to advertise, promote and get advise on starting their own stores and shops that accept payments via Cryptocurrencies like Bitcoins and Litecoins.
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Bitcoin en Français

Bitcoin est à la fois une devise monétaire et un système de paiement dans cette devise.
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The Bitcoin Wiki is still listing Dwolla as a valid way to withdraw USD from MtGox.

https://en.bitcoin.it/wiki/MtGox#Dwolla_2
Since MtGox stopped using Dwolla last May, this really needs to be taken down. It'll only encourage new users to register and attempt to use MtGox without realizing the troubles of withdrawing USD from the market.
I don't have the permissions to edit articles on the wiki, otherwise I would have edited them myself.
submitted by JoshuatheHutt to Bitcoin [link] [comments]

The MtGox debacle has clearly shown how dangerous single points of failure are. How about creating a decentralized Bitcoin Wiki using these Distributed Version Control tools? : Bitcoin

The MtGox debacle has clearly shown how dangerous single points of failure are. How about creating a decentralized Bitcoin Wiki using these Distributed Version Control tools? : Bitcoin submitted by DrunkRaven to WikiLeaks [link] [comments]

The MtGox debacle has clearly shown how dangerous single points of failure are. How about creating a decentralized Bitcoin Wiki using these Distributed Version Control tools?

I think what most people would agree with is that single points of failure are quite dangerous for the Bitcoin network. The MtGox debacle is a prominent example. One aspect which made Bitcoin especially vulnerable during this time were DDoS attacks against MtGox and other sites. The Wiki was extremely important during this time because it allowed to exchange critical information about the software.
Today, the exchanges are less centralized. What is still a single point of failure, however, is the Bitcoin Wiki. It would be good to make that decentralized, too. This would yield protection against DDoS attacks but also against censorship in countries like Russia, for example.
Now the great thing is that corresponding tools already do exist.
Take a look here:
https://github.com/scy/levitation
Levitaion is a tool that can dump a WikiMedia database (the same software which Bitcoin Wiki or Wikipeda uses) into a git repository. Git is a powerful so-called "Distributed Version Control System" (DCVS). Git basically works by storing the whole change history of a software project into a repository which can effortlessly be replicated and modified. And moreover, any change to a modified version can easily merged back into an earlier version, without that any version needs to be kept as a "original" or "root" repository. This is exactly the approach which is used by huge projects like the Linux kernel or Mozilla, or also by the Bitcoin-core project itself.
There is one gotcha with Levitation - MediaWiki dumps are huge data sets and git was not designed for such large sets. Fortunately, there is another project which can create git repositories from such huge datasets more easily, for example for the purpose to back up huge disk images of virtual machines. It is called bup:
https://github.com/bup/bup
I think wiring these two tools together would make it possible to create a decentralized version of MediaWiki databases and the Bitcoin Wiki.
Any thoughts about that?
submitted by DrunkRaven to Bitcoin [link] [comments]

My collection of amazing early Bitcoin comments, right here from Reddit:

On buying (or not) a gaming rig to mine Bitcoin:
With the difficulty skyrocketing and exchange rates sitting stagnant at $5~8 for the last week or so, you pretty much missed the boat to buy dedicated mining hardware, IMHO. If you already have the hardware, or are looking for an excuse to buy a couple bitchin' new graphics cards for a gaming rig, there's definitely money to be made mining when you're not using it.
But I don't think I'd drop $1k into a rig that's only to mine with unless it was $1k I'd blow on something even more retarded. I certainly wouldn't sink next month's rent into it.
https://reddit.com/AskReddit/comments/hnp7f/_/c1wuv1b/?context=1
On easily cashing out Bitcoin using mtgox:
I think getting money is not that difficult. The daily volume on mtgox is over $100K, so I think anyone can currently sell Bitcoins for USD without problems.
https://reddit.com/AskReddit/comments/hnp7f/_/c1wuhjh/?context=1
On it being $10:
Is Bitcoin 10 usd yet?
https://reddit.com/Bitcoin/comments/hpq6c/is_bitcoin_10_usd_yet/
Bonus: Snapshot of the isbitcoin10usdyet website from 2011: https://web.archive.org/web/20110606125320/http://www.isbitcoin10usdyet.com/
Mtgox might disappear:
400K bitcoins is $4M dollars. Given all risks and uncertainties around bitcoins, no wonder some of the early founders exit their investments. Tomorrow mtgox or dwolla may disappear. It is the matter of one government intervention.
https://reddit.com/Bitcoin/comments/hq1wj/_/c1xgesq/?context=1
Bitcoin is terrible at friendly front-end:
This is a dangerous point-of-view. The entire bitcoin ecosystem is ugly, confusing, and deeply unusable. Really think about the questions posed in the article. The client works, as in, it creates a functional front-end for some bitcoin-related tasks, but it isn't at all designed for how humans would want to interact with the currency. The point of the article isn't that the client is hard, it's that the client works pretty well for obsessive nerds (present company included), but if bitcoin is really going to succeed at the goals it sets out to accomplish, it needs to not only be usable by normal people, it needs to be exceptional. If you think it's reasonably usable, you're welcome to that opinion, but please understand that you're the exact sort of person Mr. Falkvinge was referring to. Great with complex logic, terrible at friendly front-end.
https://reddit.com/Bitcoin/comments/hrqpm/_/c1xtfuy/?context=1
On wallets going out of sync:
One thing that I think is lacking is the ability to functionally use wallets on different machines as they will tend to get out of sync. This might be able to be overcome if new addresses were deterministically created from a seed contained in the wallet, but there are probably better ways.
Also, the UI for the official client is kind of a bone.
https://reddit.com/Bitcoin/comments/hrqpm/_/c1y730k/?context=1
On Bitcoin’s ease of use:
In fact, BTC is in such an infant state right now only enthusiasts investors, and geeks who can actually grasp how the system truly works, are using it for real.
The usability issues raised by the article are real. No grandma, or any well respected enterprise for that matter, would accept working with this type of GUI. If anything, a REAL enterprise backend still needs to be developed to handle the BTC's ungly guts, with all transactions details, hashes, mining, wallets, proxy connections, peer discovery via IRC channels... I mean... this is all too RAW for the end user. I can see a near future where startups will begin to offer user friendly GUIs, online access, maybe even online banking for your bitcoin accounts, automated backups and safety mechanisms to protect your coins in case of theft.
All of us geeks will end up supporting the bootstrap of this network so that, later on, your grandma will be able to use this just as she would use a credit card today.
https://reddit.com/Bitcoin/comments/hrqpm/_/c1xungz/?context=1
rBitcoin is not a sub for memes:
This isnt a subreddit for memes. Take it back to pics
https://reddit.com/Bitcoin/comments/i7z0v/_/c21m3ld/?context=1
I think I’ll keep my money elsewhere:
This further reinforces BC's image as nothing more than a Ponzi scheme. When the distribution is skewed that heavily towards early adopters, they will have almost total control over the market. Those 32 could manipulate to their hearts content. I think I'll keep my money elsewhere....
https://reddit.com/Bitcoin/comments/ifl26/_/c23e3ei/?context=1
Tulip mania:
http://en.wikipedia.org/wiki/Tulip_mania
https://www.reddit.com/AskReddit/comments/hnp7f/i_just_invested_half_of_my_next_months_rent_in/c1wuhkt/
submitted by wisequote to btc [link] [comments]

You can call you a Bitcoiner if you know/can explain these terms...

03/Jan/2009
10 Minutes
10,000 BTC Pizza
2016 Blocks
21 Million
210,000 Blocks
51% Attack
Address
Altcoin
Antonopoulos
Asic
Asic Boost
Base58
Batching
Bech32
Bit
Bitcoin Cash
Bitcoin Improvement Proposal (BIP)
Bitcoin SV
Bitmain
Block
Block height
Block reward
Blockchain
Blockexplorer
Bloom Filter
Brain Wallet
Buidl
Change Address
Child pays for parent (CPFP)
Coinbase (not the exchange)
CoinJoin
Coinmarketcap (CMC)
Colored Coin
Confirmation
Consensus
Custodial Wallet
Craig Wright
David Kleinman
Difficulty
Difficulty adjustment
Difficulty Target
Dogecoin
Dorian Nakamoto
Double spend
Elliptic Curve Digital Signature Algorithm (ECDSA)
Ethereum
Faketoshi
Fork
Full Node
Gavin Andresen
Genesis Block
Getting goxed
Halving
Hard Fork
Hardware Wallet
Hash
Hashing
Hierarchical Deterministic (HD) Wallet
Hodl
Hot Wallet
Initial Coin Offering (ICO)
Initial Exchange Offering (IEO)
Ledger
Light Node
Lightning
Litecoin
Locktime
Mainnet
Malleability
Master Private Key
Master Public Key
Master Seed
mBTC
Mempool
Merkle Tree
Mining
Mining Farm
Mining Pool
Mixing
MtGox
Multisig
Nonce
Not your keys,...
Opcode
Orphan block
P2PKH
P2SH
Paper Wallet
Peers
Pieter Wuille
Premining
Private key
Proof of Stake (PoS)
Proof of Work (PoW)
Pruning
Public key
Pump'n'Dump
Replace by Fee (RBF)
Ripemd160
Roger Ver
sat
Satoshi Nakamoto
Schnorr Signatures
Script
Segregated Witness (Segwit)
Sha256
Shitcoin
Sidechain
Signature
Signing
Simplified Payment Verification (SPV)
Smart Contract
Soft Fork
Stratum
Syncing
Testnet
Transaction
Transaction Fees
TransactionId (Txid)
Trezor
User Activated Soft Fork (UASF)
Utxo
Wallet Import Format (WIF)
Watch-Only Address
Whitepaper
List obviously not complete. Suggestions appreciated.
Refs:
https://bitcoin.org/en/developer-glossary https://en.bitcoin.it/wiki/Main_Page https://www.youtube.com/channel/UCgo7FCCPuylVk4luP3JAgVw https://www.youtube.com/useaantonop
submitted by PolaT1x to Bitcoin [link] [comments]

The Monetary Sovereignty War-cry: Proof of Keys - [Jan/3➞₿🔑∎]

TO All Soldiers for Monetary Sovereignty:
Every January 3rd the Bitcoin community participates in a Proof of Keys celebration by demanding and taking possession of all bitcoins and other cryptocurrency held by trusted third parties on their behalf. You can do this by withdrawing all Bitcoin and other cryptocurrency to wallets where you hold the private keys and perform network consensus for validation.
On 9 Dec 2018 Trace Mayer introduced the annual Proof of Keys celebration.
This cultural tradition enables you, the individual, to prove your monetary sovereignty and strengthen the Bitcoin network by using a full-node for an economically substantive transaction(s). Together, on this day, all of us get to celebrate our monetary independence from trusted third parties (which are security holes!). And we strengthen the decentralization of the Bitcoin network in the process!

This is a way for you to invest in yourself. There are a lot of people who want to keep you weak, dependent and enervated when it comes to your monetary sovereignty. You must take the personal responsibility and summon the desire to take action to declare your monetary independence and prove to yourself that you, and no-one else, hold the private keys to your own money.

There has been much discussion on Reddit, Twitter and Youtube for those who need help with how to do this safely and securely. And those who were trained this year can become teachers next year. Even though we may be ensconced in our cold storage; we must never forget the new user and leave them behind and stranded on the battlefield of control over their money.

Some helpful interviews about Proof of Keys include Crypt0 News, Crypto Cast Network, Let's Talk Bitcoin - With Andreas Antonopolous and What Bitcoin Did. Some helpful discussion includes storing bitcoins , Bitcoin's Security Model and Bitcoin Miners and Invalid Blocks.

Perhaps most important is how this tradition helps educate, teach and train new users of Bitcoin. The effect on yourself is much more important than that on third parties or the Bitcoin network.

Hopefully, everything will go smoothly and there will be no losses of funds, no shady behaviors or delays by exchanges or other third-parties and no significant Bitcoin network congestion. But even if there is, those are very minor costs to pay in the battle for monetary sovereignty.

And if you already keep your bitcoins safely in cold storage and still want to join the community and participate then consider skipping a meal and instead buying $20+ worth of bitcoins and moving them into cold storage. Take more scarce territory on the Bitcoin blockchain!

After all, having Proof of Keys is much better than 'Proof of Roger', MtGox, Silk Road), Bitfinex, Bitstamp, or some other possibly untrustworthy third party!

There have even been some articles about third parties halting withdrawals in preparation like HitBTC.
This video of Roger Ver was recorded on July 14, 2013 at the MTGOX headquarters. MtGox declared bankruptcy Feb 2014 announcing 850,000 bitcoins belonging to customers were missing.
In conclusion, this magic Internet money thing is about a lot more than just making money. The battle over our monetary sovereignty is now a personal fight by each of us. We have rallied around the banner of Bitcoin because (1) it is the soundest and hardest money that is strictly limited in amount that the world has ever known and (2) it is a censorship-resistant decentralized network. But to maintain those properties requires eternal vigilance and protection by those who yearn for those protections.

Thus, this battle over monetary sovereignty has only two possible outcomes: either (1) control of their own lives by the people themselves the world over or (2) control of the people and their lives by political and economic elitists.

So, fellow soldiers on the battlefield of monetary sovereignty, every January Third join me in a Proof of Keys!

Sincerely,
Trace Mayer

submitted by bitcoinknowledge to Bitcoin [link] [comments]

Chinese cryptocurrency enthusiasts, what are some differences in the two communities and the technology they use/value?

I had a chinese friend from college the other day tell me that the following things are practiced pretty much across the board among the upper echelon of crypto traders/miners in China. There are obviously many different sociopolitical forces that change how bitcoin affects the people using it based on governmental and likely cultural elements as well. Thus i thought it would be interesting to discuss this and see if we can notice anything interesting considering that bitcoin has always been primarily an english/american led project (i am not discounting the great advances made by non western developers and i also acknowledge that the opposite is true when it comes to mining).
Here's what my friend told me:

OKEX OTC and Huobi OTC are very common (not sure about others but i get the impression that westerners generally stick to exchanges when moving large sums of fiat into crypto and vice versa (the slippage is usually negligible anyway)

USDT is very often used to transfer and store 'fiat' currency--which i believe is a direct result of the capital controls on china's economy

Can someone tell me what the following things are and if they're one entity or seperate projects: Thunder Network/Xunlei link, Acute angle token, acute angle cloud. It seems Xunlei is a wildly populawellfunded project that has something to do with decentralized CDN networks that require you to buy hardware similar to what 21.co initially planned to do but with another purpose swapped out for 21's plan of having mini miners everywhere.

Just thought this would be a cool discussion to have.

A couple more simple questions i imagine the public would want to know are:

How risky are the big chinese exchanges? are they running a fractional reserve and everyone knows it similar to how mtgox was in the last year of operation (remember that it still maintained ~70-90% of the TOTAL BTC DAILY volume so it was worth the risk to still trade on).
Is the volume on these exchanges fake? I remember back in the day with 0 fee exchanges topping the charts by incredible amounts--lending credibility to the theory that the exchange administrators were scheming.


Would love to jsut have an open discussion on regional differences in bitcoin/crypto culture
submitted by NYC_Prisoner to Bitcoin [link] [comments]

Andreas: Unanticipated bugs don’t come with year-old wiki pages fully documenting them. Gox is full of shit.

Andreas: Unanticipated bugs don’t come with year-old wiki pages fully documenting them. Gox is full of shit. submitted by bitfuzz to Bitcoin [link] [comments]

Craig S. Wright FACTS

I’ve seen several people claim that Craig S. Wright (Chief Scientist of nChain) has been unfairly smeared and libeled lately. Let’s stick to the facts:
[1] - This link may be relevant.
[2] - Why would Satoshi do this?
[3] - Sounds like Satoshi, huh?
[4] - I urge you to read the thread and look at the person doing the critique. Compare it with Satoshi’s whitepaper
Now, before the deluge of comments about how ”it doesn’t matter WHO he is, only that WHAT he says aligns with Satoshi’s vision”, I’d like to say:
Is it of absolutely no relevance at all if someone is a huge fraud and liar? If it’s not, then I hope you’ve never accused anyone of lying or being a member of ‘The Dragon’s Den’ or a troll or of spreading FUD. I hope you’ve never pre-judged someone’s comments because of their name or reputation. I hope you’ve only ever considered technical arguments.
That said, I am not even directly arguing against anything he’s currently saying (other than random clear lies). I’ve never said anything about Blockstream, positive or negative. I’ve never expressed an opinion about what the ideal block size should be right now. My account is over 6 years old and I post in many different subs. Compare that with these (very popular!) users who frequently call me a troll or member of the ‘dragon’s den’ (with zero facts or evidence):
submitted by Contrarian__ to btc [link] [comments]

Luke-Jr, please at least cite your crazy wiki edits

Luke-Jr, please at least cite your crazy wiki edits submitted by GrainElevator to Bitcoin [link] [comments]

The Bitcoin wiki is down? Is this the end of the wiki?

The Bitcoin wiki is down? Is this the end of the wiki? submitted by telepatheic to Bitcoin [link] [comments]

Encryption is No Longer an Option - Ways to Restore Your Natural Right to Privacy

Encryption is No Longer an Option
“If the State’s going to move against you, it’s going to move against you. Now, that doesn’t mean you need to be reckless of course. I’m awful careful you guys, and even my degree of care and control ultimately won’t be enough if they get mad enough. There will always be something…I’ve done what I hope is the best any man can do. So…I hope when they finally do get me, it’s obvious that they just made it up. I don’t go out of my way to make it easy.” – Cody Wilson
For all Anarchists our love for freedom unites us and guides us. I recently had a conversation with a mutual friend that Cody and I have in common and he stated something very insightful:
CryptoAnarchy is like the Lord of the Rings. You have to cooperate with people that you don’t know where they are or what they’re up to. That is, you just know that we are all figuring out at the same time on how to take down Sauron.
Anarchy is guided by the natural instinct for self-preservation. You can trust that others are also actively working in keeping us all free.
For us all to move into more synergistic cooperation we need more motivation. Nothing is more motivating than our movement away from an impending harmful evil. The persecution that Cody Wilson has gone through since he started his activism is testament to the evil that awaits the entire world if we do not fight against the impending digital global prison. Just note how easy it was to find Cody. Government indoctrinated brownshirts and surveillance are everywhere.
As Jeff recently said in London, “CryptoAnarchy is about the cryptography.” Cryptocurrency is only possible due to the privacy offered by cryptography. A true cryptocurrency is completely fungible, anonymous, and private. Blockchains without on-chain privacy set by default, are dangerous and offer nothing other than accurate surveillance.
That is, the moment you destroy a coin’s fungibility you corrupt its incentive structure. This is because you would then have two classes of the same coin within a transparent blockchain; these are coins that are “tainted” or “untainted” according to government. This differentiation created by blockchain surveillance leads “tainted” coins to be priced differently from “untainted” coins. Once this happens you destroy the functionality of a currency as a medium of exchange.
Imagine the headache of retailers in having to tell clients that they only accept “untainted” bitcoins. The result of not having a fungible medium of exchange is that you destroy the incentive structure of the network effect of a coin. You simply end up with a useless and unwanted network where value is supposed to be exchanged. If the units within the medium of exchange do not themselves contain the same value in the market, the utility of the network effect is destroyed.
The economic ramifications of non-fungible SurveillanceCoins are so bad that they make fiat currencies of central banks look good. In spite of their centralized proof of government violence, fiat currencies are more fungible and private than a coin based on a transparent blockchain.
For much time within crypto we would call the majority of blockchains as “pseudo-anonymous” because we knew the importance of fungibility. At that time blockchain analysis had not caught up to our technology. Now companies like Elliptic and Chainalysis have made the vast majority of blockchains in the market transparent.
Sadly, most blockchain communities have not upgraded their privacy to be on chain by default- making them transparent. However, some more intelligent communities- like Monero- are at the same time growing because they understand the importance of fungibility.
Please understand that we at TDV are ahead of the pack in understanding where all of this is going. The vast majority of people won’t tell you these harsh truths about the Blockchain space, but it is our moral imperative to inform you as best as possible.
As time goes on, we will continue to champion actual fungible CryptoCurrencies and we will continue to make clear distinctions between a SurveillanceCoin and an actual CryptoCurrency.
It is important that we take a step back from CryptoCurrencies and focus on just cryptography. You can never be too careful. Throughout our groups we have had various requests as to how to better use different wallets.
Yes, we will cover all of that in our upcoming surprise for our community, but what is most important is that you protect yourself at the network layer, your identity, and your communication.
CryptoAnarchy began way before Bitcoin. If you want to know what will be happening to CryptoCurrencies and CryptoAnarchy in the near future, you need to read Timothy C. May’s 1992 prophetic Crypto Anarchist Manifesto.
On reading this, you cannot afford to be idle regarding your privacy. This is not the time for you to easily give up what is most personal about you; your thoughts and identity. Your privacy is sacred. You need to protect your privacy as much as possible at all times. Don’t give into the defeatist notions of future technology being capable of deanonymizing any cryptography you currently use. Your goal is to be private right now in the present moment.
You are up against a global digital tyranny- that is already here!
...Cazes was not a US citizen and the Alphabay servers and Cazes were not caught on US soil. Just because crimes involving narcotic deals took place in America, weirdly enough, the US seemingly has the right above anyone to seize Cazes’ property, and charge him and his accomplices in US trials...
Use Secure Hardware That Protects You
Be paranoid. Stay paranoid. The more paranoid you are the better. Currently the five eyes are moving to strip away all of your privacy. They are on the direct path to force all companies to hand over back doors to software and hardware encryption.
This is a new breach on individual rights. The backdoors in hardware have existed since the 90’s via Trusted Computing and Digital Rights Management (DRM). The difference is that now companies will be fined and forced by governments (all governments) to open up backdoors for the surveillance of all- in both software and hardware. Australia is leading the charge since they are the only ones within the five eyes without a Bill of Rights.
If you really want to be secure, then you need to start with your hardware. Almost all laptops and hardware chips are engineered with unsafe software. These chips can transmit voice, your networking, pictures, and even video signals. Many of these chips are used to install spyware, malware and viruses.
The market has provided us with two easy plug-and-play hardware solutions.
Purism is a CryptoAnarchist company dedicated in offering us the safest computers in the market. Purism’s line of Librem Laptops is manufactured with software and hardware built from the ground up, where you can be at ease knowing there are no back doors built within it. They work with hardware component suppliers and the Free software community in making hardware that respects and protects your security. Every chip is individually selected with emphasis on respecting freedom. (Purism Librem laptops have built in Kill-Switches for your microphone/camera and wireless/Bluetooth)
All of the necessary components that you would have to bundle up together- by yourself- from a community vetted place like Prism-Break are already installed and ready to go within Librem laptops. Even if you were to install all of the necessary open-source encrypted alternatives, you still would not be able to 100% trust your current computer’s hardware.
Purism Librem laptops come with their own PureOS (operating system). Purism also offers compatibility with Qubes OS in a flash-drive (similar to Tails) to give you even another layer of protection on top of PureOS. Qubes OS is what Edward Snowden uses. PureOs is a derivative of Debian GNU/Linux. Qubes is free and open-source software (FOSS).
Purism is currently having a pre-sale for their first phone the Librem 5.
Another popular safe hardware computer market alternative is ORWL. ORWL is a desktop PC. ORWL comes with a physical encryption key that looks like a keychain. If anyone ever tries to physically tamper with the ORWL computer, sensors will automatically detect the intrusion and erase everything. ORWL comes with the operating system options of Qubes OS, Ubuntu, or Windows.
ORWL does not receive payment for their products in Crypto. Purism on the other hand accepts payment in BitcoinCore, BitcoinCash, Litecoin, Ethereum, Decred, Dogecoin, and Monero.
ORWL is a good alternative for more computer savvy people. If you are not the most competent person with computers, Purism is the way to go. With Purism everything is ready to go.
Once you get good hardware don’t use this new computer for anything other than crypto stuff. That is, don’t use it with anything that requires your slave identity. Don’t access social media with your name, don’t access bank accounts, don’t access crypto exchanges, don’t access old email accounts, definitely don’t access anything that requires KYC and AML, and don’t access any identifying log-in that is related to any of your previous internet identities. Create new identities from scratch for this new computer.
Watch this video and learn about the basics on operational security (OPSEC). Take everything written here, and spoken at the conference in the video above, as barely the preliminary basic requirements of OPSEC. You should definitely continue your own research upon getting your new secure hardware computer.
(It would be best if you purchased this computer using crypto- Monero preferably- and have it mailed to a mailing address not associated with any of your addresses; think along the lines of JJ Luna).
Encrypt Your Communication
“This generation being born now... is the last free generation.You are born and either immediately or within say a year you are known globally. Your identity in one form or another –coming as a result of your idiotic parents plastering your name and photos all over Facebook or as a result of insurance applications or passport applications– is known to all major world powers.” – Julian Assange
The vast majority of our community uses Facebook. Unfortunately its network effect is something we all rely on to some degree. Fortunately for us a friend of our community created FaceMask. Through FaceMask we can still use Facebook in complete privacy- away from Zuckerberg's prying eyes. In the near future we will implement FaceMask into our TDV groups as optional privacy for our posts. We will provide our subscribers with the keys necessary to encrypt and decrypt the messages and posts. Again, this is optional. For now please go to the link above and familiarize yourself with Facemask and its technology.
Don’t use Google. If you are using Google start transitioning out of it. If you are using Gmail, start moving towards encrypted services like ProtonMail or TutaNota. They both offer a free option, try them both out and choose your favorite. Use two factor authentication on everything that requires you to log-in that allows for the use of two factor authentication. Most people use Google Authenticator and Authy. I personally prefer the open source options of FreeOTP & andOTP. Use the one that you find best suited for you. Using one is paramount for security nowadays.
If you are one that uses Google Docs with your team, move instead to CryptPad. The more you use CryptPad the more addicting it becomes; your collaborated work is encrypted and private. You no longer will have to worry about knowing that Google is capturing all of your collaborated work. You can also start using CryptPad for free.
If you are using Skype for conference calls, switch to Jitsi. Jitsi is even easier to use than Skype. If you use their MeetJitsi feature you can just access the encrypted conferencing via any browser by agreeing with your other party on the same predetermined passphrase.
Don’t use regular text messaging. Rather, use Signal, Wickr, Keybase, or Telegram.
Use a VPN
A VPN (virtual private network) encrypts all of your traffic via a private network of servers scattered throughout the world. This process anonymizes your IP address. Make sure you don’t use your identity when using a VPN- that would just give away your identity as being connected with the VPN servers you are using.
Many VPN providers register your activity and can hand it over to government if they so demand it. They break their promises to their clients all the time. Let’s minimize risk by staying away from the most draconian of jurisdictions.
To lessen this issue, do not ever use a VPN that is based out of any of the 5 eyes:
-United Kingdom
-United States
-Australia
-Canada
-New Zealand
Furthermore, avoid VPNs based out of the following nine countries, that combined with the first 5 make up the 14 eyes:
-Denmark
-France
-The Netherlands
-Norway
-Germany
-Belgium
-Italy
-Spain
-Sweden
No VPN is a complete safeguard. In spite of this, it is still best to use one. We recommend you ONLY use it (turn it on) when doing crypto-related things and only crypto-related things on your regular computer. For your new encrypted hardware computer have it on at all times. If you use it to access an actual bank account, or another personal account (including crypto accounts that require your personal information; read coinbase, or any other exchange) — then, again, the use of the VPN use becomes trite.
Here are six VPN options outside of the 14 eyes that we recommend you research further and use at your own discretion:
NordVPN (Panama)
CyberGhost (Romania)
HideMe (Malaysia)
Astrill (Seychelles)
TrustZone (Seychelles)
iVPN (Gibralter)
Like all things in the market now, some VPNs take Crypto as payment—others do not. It is best if you bought your VPN with crypto not not your credit card, debit card, or paypal.
TOR (The Onion Router)
The Onion Router is software that you use as a browser. It protects you by bouncing your communications around a distributed network- throughout the world- of relays runned by volunteers. This prevents evesdroppers from learning your IP address, spying on you, and disclosing your physical location. TOR also allows you to access sites that are blocked.
You can use TOR and a VPN simultaneously. If you are new to all of this, it is best that you just learn how to use the features of your new computer coupled with your preferred VPN. The use of TOR is a little more complicated and you will have to configure it according the specifications of your preferred VPN. As you begin this process, as long as you are using your VPN correctly you should be fine.
Fincen and crypto-exchanges
ShapeShift is now stuck having to require its users to deanonymize their transactions in order to meet KYC and AML requirements; it pretty clear that they got ShapeShift under the Bank Secrecy Act. Stay away from Shapeshift (sorry @erikvorhees).
“Very disappointed that @ShapeShift_io is implementing KYC. Just goes to show that any centralized entity will be pushed in that direction, which is why LN, atomic swaps and Decentralized Exchanges are the only way to resist a surveillance economics.” - Andreas Antonopoulos
As the news of ShapeShift broke out, the market was quick to answer with alternatives. Among the private centric alternatives to ShapeShift we find Godex, ChangeHero, XMR.TO, and Bisq.
ChangeHero and Godex are pretty much the same business concept as ShapeShift. The only difference is that they do not require you to become transparent. XMR.TO allows you to make BTC payments by using Monero.
That is, by using Monero together with XMR.TO you can pay any BTC address in the world while protecting your privacy.
Bisq is the Best Option
The most important to focus on is Bisq. Bisq is a complete decentralized exchange. Bisq is instantly accessible- there is no need for registration or approval from a central authority. The system is decentralized peer-to-peer and trading cannot be stopped or censored.
Bisq is safe. Unlike MtGox and the rest of centralized exchanges, Bisq never holds your funds. Bisq provides a system of decentralized arbitration with security deposits that protect traders. The privacy is set where no one except trading partners exchange personal identifying information. All personal data is stored locally.
All communication on Bisq is end-to-end encrypted routed over Tor. Upon downloading and running Bisq TOR runs on Bisq automatically. Every aspect of the development of Bisq is open source.
Bisq is easy to use. If you are accustomed to centralized exchanges, you might find Bisq a little different. If you want anonymity and privacy, this is the best crypto exchange we have. Tell your friends about Bisq. Just download Bisq and take it for a test drive, you will feel fresh freedom of entering into peaceful voluntary exchange with your fellow man. Do it, it’s good for the soul.
On Cody
I would like to personally thank all of our subscribers for generously donating to Defense Distributed on our last issue. At the moment of us putting out our last newsletter, DefDist had raised less than 100k USD. After our Newsletter got out, his donations went past 300k USD.
Thank you very much for helping out our friends in their continual fight for freedom!
Please pray for Cody, his friends, and his family.
I once asked Cody what his background was- because idk his mannerisms have always been interesting to me. He answered; “I am Romani- I am a Gypsy.”
Thank you for helping out our Gypsy friend and his band of rebels! They will very much be using your generous donations now that things got much more serious.
If you haven’t donated, please consider donating. Blessings!
By Rafael LaVerde
Excerpt taken from The Dollar Vigilante September 2018 Issue
https://dollarvigilante.com/wp-content/uploads/2018/09/TDV-September-2018-Issue.pdf
submitted by 2012ronpaul2012 to C_S_T [link] [comments]

Which are your recommended places to buy bitcoin in 2017?

I'm interested in buying to hold for a year or two. I know that the price is high and it's recommended to only buy bitcoin in "the dip". However I strongly feel it will go higher.
Having read through a couple of forums and wikis, I noticed that most of the recommended places to buy bitcoin are no longer online or have shut down. I saw this with bitmarket, tradehill, and (famous?) mtgox websites all no longer sell btc. It seems there is a big turnover of exchanges over the years.
Which sites do initiated users recommend for purchasing bitcoin easily in 2017? I may go on to try trading too, so any advice for this would be great also.
submitted by mighty_duc to Bitcoin [link] [comments]

The Ver Effect.

I have watched and listened to a number of interviews featuring Roger Ver, the most recent one with John Carvalho. Two things are obvious:
One, Roger Ver is not concerned with the technical aspects of Bitcoin, he is emotionally involved with the concept of spreading Bitcoin across the world. He states it's for philanthropic reasons; I surmise to bring financial stability to nations where people are being exploited by their local economy (eg. Argentina, Sudan, Iran, Ghana, etc..) via gross inflation, or those affected by foreign sanctions. This is where the real meat & potatoes are. Roger Ver does not care about nor understand the technical aspect, and therefore cannot truly appreciate the future of Bitcoin that he is trying to sell today for a quick gain tomorrow. Metaphorically, Roger Ver would rather burn up on re-entry into the atmosphere than keep this thing in orbit. More on that later.
Two: Roger Ver really loves Roger Ver, and he loves the community that he has built. You can hear it in his voice when he talks about all his financial/business successes in life. He wants to cement his legacy in life and he has decided it will be Bitcoin. Since he doesn't have technical capability, he's going to leverage his political, social, and financial means to make it happen, at all costs even if that means ruining others' lives in the process. It is obvious he is lying because of his inability to sway from the scripted agenda that he is pushing, and the clear lack of latitude in any of his discussions. He is desperately running from every misstep in his life, from his felony conviction from selling explosives on E-bay, to declaring MtGox solvent, and all the other lies he seems to propagate.
I am afraid, not for Bitcoin or the future of cryptocurrency, but for all of those who choose to follow him. Roger loves Roger, and he is a man of his principles, most recently the principle of the name B-Cash versus Bitcoin Cash. The thing about people who live by their principles, they die by their principles.
So back to the metaphor. When humans want to put an object in space, it takes an insane amount of planning, theory, mathematics, coding, testing, mathematics and eventually one day, launch. If you get it right, that thing will orbit the earth for a long long time. John F. Kennedy didn't know how to build a rocket, but he understood why it was important, and why it was worth the money and life that it would take to make landing on the moon happen. More importantly, he knew he had a team of experts who could actually do the work to make it happen.
Roger is not John F. Kennedy. Roger is like the head of Mars-One. These folks made headlines by taking applications to identify astronauts who will travel to Mars; but they have absolutely no means to actually make any of it happen. I was sitting next to Buzz Aldrin while these people spoke a couple years ago, and it was a truly surreal and bizarre combination of quality scripted presentation and complete lack of substance. They don't have any money, or experts, but they have a million dollar marketing budget, a great presentation, and a really sweet website. That doesn't keep them from dissapointing thousands of people who think they are actually applying to become the first people to colonize Mars.
So, what is my conclusion. Roger doesn't care about the theory, math, coding, planning or testing that is involved with making Bitcoin happen. He is more concerned with cementing his name in history, trying to overshadow all the missteps of his past. He doesn't care that his rocket isn't going to make it into orbit. Even though everyone is showing him the truth, he's going to strap on his space suit, fuel his rocket, light that baby, and make it into some really screwed up highly elliptical orbit. For a good period Roger Ver will be a hero, the first man to deliver decentralized, fast, cheap cryptocurrency to the wold in a short timeline, forever cementing his legacy. However, eventually the lack of engineering and planning means gravity is going to take its course, and his little ship will come screaming back to the earth in a giant fiery streak across the sky. Meanwhile all of those back on earth can only watch and mourn the loss of all their investments, while they watch a tiny capsule containing a smugly grinning narcissist who represents everything they believed in turn into dust.
I believe in the the current Bitcoin development team because they got us into space. I trust that in a reasonable amount of time, Bitcoin will go to the moon, and then maybe beyond. I trust this because they have a vision that stands the test of time and doesn't simply compromise time for quality. Apollo 1 killed 3 men because they compromised quality for timeliness. One of the leaders of the Apollo program (Gene Kranz, the guy with the home-made vest in Apollo 13 movie) said "We were too 'gung-ho' about the schedule and we blocked out all of the problems we saw each day in our work. Every element of the program was in trouble and so were we."
I don't want to compromise the future of this project in the interest of novel timeliness. We only get one chance at this guys, let's make it count.
submitted by bitcoin___throwaway to Bitcoin [link] [comments]

Encryption is No Longer an Option - Ways to Restore Your Natural Right to Privacy

Encryption is No Longer an Option
“If the State’s going to move against you, it’s going to move against you. Now, that doesn’t mean you need to be reckless of course. I’m awful careful you guys, and even my degree of care and control ultimately won’t be enough if they get mad enough. There will always be something…I’ve done what I hope is the best any man can do. So…I hope when they finally do get me, it’s obvious that they just made it up. I don’t go out of my way to make it easy.” – Cody Wilson
For all Anarchists our love for freedom unites us and guides us. I recently had a conversation with a mutual friend that Cody and I have in common and he stated something very insightful:
CryptoAnarchy is like the Lord of the Rings. You have to cooperate with people that you don’t know where they are or what they’re up to. That is, you just know that we are all figuring out at the same time on how to take down Sauron.
Anarchy is guided by the natural instinct for self-preservation. You can trust that others are also actively working in keeping us all free.
For us all to move into more synergistic cooperation we need more motivation. Nothing is more motivating than our movement away from an impending harmful evil. The persecution that Cody Wilson has gone through since he started his activism is testament to the evil that awaits the entire world if we do not fight against the impending digital global prison. Just note how easy it was to find Cody. Government indoctrinated brownshirts and surveillance are everywhere.
As Jeff recently said in London, “CryptoAnarchy is about the cryptography.” Cryptocurrency is only possible due to the privacy offered by cryptography. A true cryptocurrency is completely fungible, anonymous, and private. Blockchains without on-chain privacy set by default, are dangerous and offer nothing other than accurate surveillance.
That is, the moment you destroy a coin’s fungibility you corrupt its incentive structure. This is because you would then have two classes of the same coin within a transparent blockchain; these are coins that are “tainted” or “untainted” according to government. This differentiation created by blockchain surveillance leads “tainted” coins to be priced differently from “untainted” coins. Once this happens you destroy the functionality of a currency as a medium of exchange.
Imagine the headache of retailers in having to tell clients that they only accept “untainted” bitcoins. The result of not having a fungible medium of exchange is that you destroy the incentive structure of the network effect of a coin. You simply end up with a useless and unwanted network where value is supposed to be exchanged. If the units within the medium of exchange do not themselves contain the same value in the market, the utility of the network effect is destroyed.
The economic ramifications of non-fungible SurveillanceCoins are so bad that they make fiat currencies of central banks look good. In spite of their centralized proof of government violence, fiat currencies are more fungible and private than a coin based on a transparent blockchain.
For much time within crypto we would call the majority of blockchains as “pseudo-anonymous” because we knew the importance of fungibility. At that time blockchain analysis had not caught up to our technology. Now companies like Elliptic and Chainalysis have made the vast majority of blockchains in the market transparent.
Sadly, most blockchain communities have not upgraded their privacy to be on chain by default- making them transparent. However, some more intelligent communities- like Monero- are at the same time growing because they understand the importance of fungibility.
Please understand that we at TDV are ahead of the pack in understanding where all of this is going. The vast majority of people won’t tell you these harsh truths about the Blockchain space, but it is our moral imperative to inform you as best as possible.
As time goes on, we will continue to champion actual fungible CryptoCurrencies and we will continue to make clear distinctions between a SurveillanceCoin and an actual CryptoCurrency.
It is important that we take a step back from CryptoCurrencies and focus on just cryptography. You can never be too careful. Throughout our groups we have had various requests as to how to better use different wallets.
Yes, we will cover all of that in our upcoming surprise for our community, but what is most important is that you protect yourself at the network layer, your identity, and your communication.
CryptoAnarchy began way before Bitcoin. If you want to know what will be happening to CryptoCurrencies and CryptoAnarchy in the near future, you need to read Timothy C. May’s 1992 prophetic Crypto Anarchist Manifesto.
On reading this, you cannot afford to be idle regarding your privacy. This is not the time for you to easily give up what is most personal about you; your thoughts and identity. Your privacy is sacred. You need to protect your privacy as much as possible at all times. Don’t give into the defeatist notions of future technology being capable of deanonymizing any cryptography you currently use. Your goal is to be private right now in the present moment.
You are up against a global digital tyranny- that is already here!
...Cazes was not a US citizen and the Alphabay servers and Cazes were not caught on US soil. Just because crimes involving narcotic deals took place in America, weirdly enough, the US seemingly has the right above anyone to seize Cazes’ property, and charge him and his accomplices in US trials...
Use Secure Hardware That Protects You
Be paranoid. Stay paranoid. The more paranoid you are the better. Currently the five eyes are moving to strip away all of your privacy. They are on the direct path to force all companies to hand over back doors to software and hardware encryption.
This is a new breach on individual rights. The backdoors in hardware have existed since the 90’s via Trusted Computing and Digital Rights Management (DRM). The difference is that now companies will be fined and forced by governments (all governments) to open up backdoors for the surveillance of all- in both software and hardware. Australia is leading the charge since they are the only ones within the five eyes without a Bill of Rights.
If you really want to be secure, then you need to start with your hardware. Almost all laptops and hardware chips are engineered with unsafe software. These chips can transmit voice, your networking, pictures, and even video signals. Many of these chips are used to install spyware, malware and viruses.
The market has provided us with two easy plug-and-play hardware solutions.
Purism is a CryptoAnarchist company dedicated in offering us the safest computers in the market. Purism’s line of Librem Laptops is manufactured with software and hardware built from the ground up, where you can be at ease knowing there are no back doors built within it. They work with hardware component suppliers and the Free software community in making hardware that respects and protects your security. Every chip is individually selected with emphasis on respecting freedom. (Purism Librem laptops have built in Kill-Switches for your microphone/camera and wireless/Bluetooth)
All of the necessary components that you would have to bundle up together- by yourself- from a community vetted place like Prism-Break are already installed and ready to go within Librem laptops. Even if you were to install all of the necessary open-source encrypted alternatives, you still would not be able to 100% trust your current computer’s hardware.
Purism Librem laptops come with their own PureOS (operating system). Purism also offers compatibility with Qubes OS in a flash-drive (similar to Tails) to give you even another layer of protection on top of PureOS. Qubes OS is what Edward Snowden uses. PureOs is a derivative of Debian GNU/Linux. Qubes is free and open-source software (FOSS).
Purism is currently having a pre-sale for their first phone the Librem 5.
Another popular safe hardware computer market alternative is ORWL. ORWL is a desktop PC. ORWL comes with a physical encryption key that looks like a keychain. If anyone ever tries to physically tamper with the ORWL computer, sensors will automatically detect the intrusion and erase everything. ORWL comes with the operating system options of Qubes OS, Ubuntu, or Windows.
ORWL does not receive payment for their products in Crypto. Purism on the other hand accepts payment in BitcoinCore, BitcoinCash, Litecoin, Ethereum, Decred, Dogecoin, and Monero.
ORWL is a good alternative for more computer savvy people. If you are not the most competent person with computers, Purism is the way to go. With Purism everything is ready to go.
Once you get good hardware don’t use this new computer for anything other than crypto stuff. That is, don’t use it with anything that requires your slave identity. Don’t access social media with your name, don’t access bank accounts, don’t access crypto exchanges, don’t access old email accounts, definitely don’t access anything that requires KYC and AML, and don’t access any identifying log-in that is related to any of your previous internet identities. Create new identities from scratch for this new computer.
Watch this video and learn about the basics on operational security (OPSEC). Take everything written here, and spoken at the conference in the video above, as barely the preliminary basic requirements of OPSEC. You should definitely continue your own research upon getting your new secure hardware computer.
(It would be best if you purchased this computer using crypto- Monero preferably- and have it mailed to a mailing address not associated with any of your addresses; think along the lines of JJ Luna).
Encrypt Your Communication
“This generation being born now... is the last free generation.You are born and either immediately or within say a year you are known globally. Your identity in one form or another –coming as a result of your idiotic parents plastering your name and photos all over Facebook or as a result of insurance applications or passport applications– is known to all major world powers.” – Julian Assange
The vast majority of our community uses Facebook. Unfortunately its network effect is something we all rely on to some degree. Fortunately for us a friend of our community created FaceMask. Through FaceMask we can still use Facebook in complete privacy- away from Zuckerberg's prying eyes. In the near future we will implement FaceMask into our TDV groups as optional privacy for our posts. We will provide our subscribers with the keys necessary to encrypt and decrypt the messages and posts. Again, this is optional. For now please go to the link above and familiarize yourself with Facemask and its technology.
Don’t use Google. If you are using Google start transitioning out of it. If you are using Gmail, start moving towards encrypted services like ProtonMail or TutaNota. They both offer a free option, try them both out and choose your favorite. Use two factor authentication on everything that requires you to log-in that allows for the use of two factor authentication. Most people use Google Authenticator and Authy. I personally prefer the open source options of FreeOTP & andOTP. Use the one that you find best suited for you. Using one is paramount for security nowadays.
If you are one that uses Google Docs with your team, move instead to CryptPad. The more you use CryptPad the more addicting it becomes; your collaborated work is encrypted and private. You no longer will have to worry about knowing that Google is capturing all of your collaborated work. You can also start using CryptPad for free.
If you are using Skype for conference calls, switch to Jitsi. Jitsi is even easier to use than Skype. If you use their MeetJitsi feature you can just access the encrypted conferencing via any browser by agreeing with your other party on the same predetermined passphrase.
Don’t use regular text messaging. Rather, use Signal, Wickr, Keybase, or Telegram.
Use a VPN
A VPN (virtual private network) encrypts all of your traffic via a private network of servers scattered throughout the world. This process anonymizes your IP address. Make sure you don’t use your identity when using a VPN- that would just give away your identity as being connected with the VPN servers you are using.
Many VPN providers register your activity and can hand it over to government if they so demand it. They break their promises to their clients all the time. Let’s minimize risk by staying away from the most draconian of jurisdictions.
To lessen this issue, do not ever use a VPN that is based out of any of the 5 eyes:
-United Kingdom
-United States
-Australia
-Canada
-New Zealand
Furthermore, avoid VPNs based out of the following nine countries, that combined with the first 5 make up the 14 eyes:
-Denmark
-France
-The Netherlands
-Norway
-Germany
-Belgium
-Italy
-Spain
-Sweden
No VPN is a complete safeguard. In spite of this, it is still best to use one. We recommend you ONLY use it (turn it on) when doing crypto-related things and only crypto-related things on your regular computer. For your new encrypted hardware computer have it on at all times. If you use it to access an actual bank account, or another personal account (including crypto accounts that require your personal information; read coinbase, or any other exchange) — then, again, the use of the VPN use becomes trite.
Here are six VPN options outside of the 14 eyes that we recommend you research further and use at your own discretion:
NordVPN (Panama)
CyberGhost (Romania)
HideMe (Malaysia)
Astrill (Seychelles)
TrustZone (Seychelles)
iVPN (Gibralter)
Like all things in the market now, some VPNs take Crypto as payment—others do not. It is best if you bought your VPN with crypto not not your credit card, debit card, or paypal.
TOR (The Onion Router)
The Onion Router is software that you use as a browser. It protects you by bouncing your communications around a distributed network- throughout the world- of relays runned by volunteers. This prevents evesdroppers from learning your IP address, spying on you, and disclosing your physical location. TOR also allows you to access sites that are blocked.
You can use TOR and a VPN simultaneously. If you are new to all of this, it is best that you just learn how to use the features of your new computer coupled with your preferred VPN. The use of TOR is a little more complicated and you will have to configure it according the specifications of your preferred VPN. As you begin this process, as long as you are using your VPN correctly you should be fine.
Fincen and crypto-exchanges
ShapeShift is now stuck having to require its users to deanonymize their transactions in order to meet KYC and AML requirements; it pretty clear that they got ShapeShift under the Bank Secrecy Act. Stay away from Shapeshift (sorry @erikvorhees).
“Very disappointed that @ShapeShift_io is implementing KYC. Just goes to show that any centralized entity will be pushed in that direction, which is why LN, atomic swaps and Decentralized Exchanges are the only way to resist a surveillance economics.” - Andreas Antonopoulos
As the news of ShapeShift broke out, the market was quick to answer with alternatives. Among the private centric alternatives to ShapeShift we find Godex, ChangeHero, XMR.TO, and Bisq.
ChangeHero and Godex are pretty much the same business concept as ShapeShift. The only difference is that they do not require you to become transparent. XMR.TO allows you to make BTC payments by using Monero.
That is, by using Monero together with XMR.TO you can pay any BTC address in the world while protecting your privacy.
Bisq is the Best Option
The most important to focus on is Bisq. Bisq is a complete decentralized exchange. Bisq is instantly accessible- there is no need for registration or approval from a central authority. The system is decentralized peer-to-peer and trading cannot be stopped or censored.
Bisq is safe. Unlike MtGox and the rest of centralized exchanges, Bisq never holds your funds. Bisq provides a system of decentralized arbitration with security deposits that protect traders. The privacy is set where no one except trading partners exchange personal identifying information. All personal data is stored locally.
All communication on Bisq is end-to-end encrypted routed over Tor. Upon downloading and running Bisq TOR runs on Bisq automatically. Every aspect of the development of Bisq is open source.
Bisq is easy to use. If you are accustomed to centralized exchanges, you might find Bisq a little different. If you want anonymity and privacy, this is the best crypto exchange we have. Tell your friends about Bisq. Just download Bisq and take it for a test drive, you will feel fresh freedom of entering into peaceful voluntary exchange with your fellow man. Do it, it’s good for the soul.
On Cody
I would like to personally thank all of our subscribers for generously donating to Defense Distributed on our last issue. At the moment of us putting out our last newsletter, DefDist had raised less than 100k USD. After our Newsletter got out, his donations went past 300k USD.
Thank you very much for helping out our friends in their continual fight for freedom!
Please pray for Cody, his friends, and his family.
I once asked Cody what his background was- because idk his mannerisms have always been interesting to me. He answered; “I am Romani- I am a Gypsy.”
Thank you for helping out our Gypsy friend and his band of rebels! They will very much be using your generous donations now that things got much more serious.
If you haven’t donated, please consider donating. Blessings!
By Rafael LaVerde
Excerpt taken from The Dollar Vigilante September 2018 Issue
https://dollarvigilante.com/wp-content/uploads/2018/09/TDV-September-2018-Issue.pdf
submitted by 2012ronpaul2012 to conspiracy [link] [comments]

Bitcoin explained in plain English (so that you can explain this voodoo magic money to your mom)

Bitcoin explained in plain English
Like Paypal and Visa, Bitcoin is a system that can send money digitally. The innovation that sets Bitcoin apart is that it isn’t controlled or operated by a single company. Instead of having a company like Visa run the system, anybody can join the Bitcoin network and participate in the record keeping that keeps Bitcoin running. Nobody owns the Bitcoin software or the Bitcoin network. If an oppressive government wants to shut down Bitcoin, it can’t simply go after a single company. An oppressive government would (in theory) have to go after everybody running Bitcoin server software on their computer to shut it down.
In practice, the decentralization doesn’t actually work. Most people buy Bitcoins through exchanges run by private companies, which are subject to government-imposed laws and regulations. While Bitcoin’s innovation is interesting, it doesn’t actually do anything useful in the real world. However, very few people actually understand Bitcoin. So, journalists and cryptocurrency fanatics can make up fancy stories about how Bitcoin or other cryptocurrencies will change the world.
What Bitcoin is
Bitcoin was originally designed to be a “Peer-to-Peer Electronic Cash System“. Think of other peer-to-peer systems like Napster or BitTorrent, except that users can exchange Bitcoins instead of files. Instead of having a single set of records controlled by one company, the set of records is copied to all the volunteer record keepers in the Bitcoin network. There can be hundreds or thousands of copies of the Bitcoin ledger distributed around the world. Changes to the ledger (from people sending Bitcoin to one another) are distributed throughout the network and each participant duplicates the record-keeping process on their copy of the ledger. This is the “distributed ledger” that everybody keeps talking about.
All of this means that the Bitcoin network can run by itself. Anybody can join the network and help keep it running.
Bitcoin in the real world
Unfortunately the key benefit to Bitcoin (the “decentralization” everybody keeps talking about) doesn’t actually pan out in the real world. Most people get Bitcoins by buying them via a centralized exchange, which are all private companies that can be shut down or bullied by the government. As all developed countries have laws against money laundering, banks will enforce these laws and will refuse to do business with exchanges that may be enabling questionable activities like online gambling with Bitcoins. Cryptocurrencies are effectively regulated by governments around the world. The only practical alternative to exchanges is to trade Bitcoins in person. However, this defeats the main benefit of digital money as face-to-face transactions are inconvenient. It’s unlikely that a system that involves trading paper money for Bitcoins will revolutionize the world.
Currently, the trend is that banks and credit card companies have been cutting off access to Bitcoin and other cryptocurrencies. Banks have to comply with anti-money laundering regulations so that they don’t intentionally or unintentionally help criminals profit from illegal activities. A key part of fighting money laundering is knowing who your customers actually are. Criminals are less likely to use a bank as part of their illegal activities (e.g. to trade stolen Bitcoins for cash) if the bank knows their true identity. However, Bitcoin was designed to be anonymous as stated by its inventor’s white paper. (Bitcoin doesn’t fully succeed in allowing for anonymous payments. However, the anonymity that it does offer is enough to be problematic.) Bitcoin’s design makes it difficult for banks to obey the law if they are to allow access to Bitcoin exchanges. This is one of the many reasons why Bitcoin is unlikely to become a mainstream payment method for goods and services.
You can safely ignore the hype
If somebody tries to explain Bitcoin to you and you don’t understand it, the problem isn’t you. The person explaining Bitcoin likely has some misguided understanding of Bitcoin because there are certain things that they want to believe. Some people want to look smart by being early believers in new technology that they don’t understand. Some journalists want to write clickbait stories. Some people want to believe in get-rich-quick schemes. Some people are getting rich quick through cryptocurrency-related scams. Whatever the case is, I wouldn’t worry about it. You aren’t missing out on a revolutionary new technology. Bitcoin’s only innovation is interesting but useless in the real world.
Appendix A: What Bitcoin mining is (and why everybody is saying it’s bad for the environment)
The problem with a set of records delivered over the Internet is that you don’t know if some stranger on the Internet has nefariously tampered with the version that they sent you. It is possible for somebody to cheat the system by spending Bitcoins and then distributing a copy of the ledger that leaves out their spending, allowing them to spend their Bitcoins again. Other users somehow have to figure out which version of history is correct. To prevent shenanigans, each node on the Bitcoin network will determine trust based on “proof of work“. Trust will go to the side that has spent/wasted the most computing power to back up their version of events. The theory is that the honest users will always control more computing power than dishonest users.
To perform proof of work, Bitcoin “miners” do a set of very difficult mathematical calculations to try to find results with a certain number of zeroes in it. It’s basically computers competing over their ability to produce special numbers with a really long series of zeroes. Record keepers in the Bitcoin network (“nodes”) will trust the side that has wasted the most computing power. Because the math needed to find the special numbers is much harder than the math needed to verify the numbers (sort of like how Sudoku puzzles are harder to solve than to check), participants can easily verify which side wasted the most computing power. This is the key idea behind “blockchain“, the technology that tries to solve the problem of not being able to trust what strangers send you over the Internet. Honest record keepers will continue to add valid pages (blocks) to the Bitcoin journal. If the honest side controls more computing power, they will produce a longer chain of valid pages (blocks) than dishonest record keepers. Eventually, the honest record keepers’ version of events will be considered the authoritative one.
This system works as long as honest users throw more computing power at the problem than dishonest users. A dishonest user cannot pass off a bogus version of events (such as one that omits their spending) unless that user has more computing power than all of the honest users combined. To make attacks from dishonest users very difficult, the Bitcoin system provides incentives to its users to maintain a large standing army of computers that are ready to waste more computing power than people trying to cheat the system. Bitcoins are given out to users who devote computing power towards the Bitcoin cause. This is called Bitcoin “mining”, as the miners exert effort and are rewarded with digital “gold”. The creation of new Bitcoins is part of Bitcoin’s design.
If Bitcoin’s price averages $10,000, Bitcoin miners will receive $6.57 billion dollars worth of newly-printed Bitcoins in 2018 (1800 Bitcoins will be created every day in 2018). Bitcoin miners will also receive transaction fees from people who pay extra to have their transactions added to the ledger first (their transactions will be confirmed first). This might sound crazy but Bitcoin mining is on track to being a multi-billion dollar industry. Various companies will fight over their share of newly-printed Bitcoins. Competition will cause them to use a lot of electricity since electricity is the main ingredient needed to mine Bitcoins. Digiconomist has a webpage that estimates Bitcoin’s power consumption, which is currently about 1.3% of the United State’s energy consumption- that’s the same as millions of Americans. Bitcoin mining will consume as much energy as entire countries like Bangladesh.
While Bitcoin mining is one way to get Bitcoins, it is very expensive for most people compared to buying Bitcoins on an exchange. This is because Bitcoin mining benefits from scale. Big companies such as Bitmain will spend millions of dollars on designing computers that do one thing and one thing only: mine Bitcoins. Think of a calculator: it is a computer that does only one thing. Because it is designed for only one task, it does it very well. A calculator is incredibly energy efficient and cheap compared to your smartphone or laptop computer. Similarly, a computer that is designed specifically for mining Bitcoins does it more cost-effectively than everyday computers. Without millions of dollars spent designing special computers, access to very cheap electricity, and large data centers, normal citizens can’t compete against Bitcoin mining juggernauts. These companies drive up the cost of mining Bitcoins (Bitcoin is designed so that fewer Bitcoins are produced if more computing power is spent on mining), pushing out the small fish. You will likely lose money if you try to mine Bitcoin on your home computer.
Appendix B: Buzzwords and technobabble explained
ICO: Initial coin offering, or “it’s a con offering”. Generally speaking, these are investment scams where investors exchange real money for fake money (or a stake in a fake business or Ponzi scheme).
Immutable: can’t be changed. In theory, Bitcoin is designed so that the ledger can’t be changed. In the past, the ledger has been changed by the Bitcoin community banding together to fix bugs. One such bug allowed a hacker to give him or herself 184 billion Bitcoins.
Trustless: This refers to a trust problem that only decentralized systems have; centralized systems don’t have this problem. For Bitcoin specifically, the problem is this: some stranger on the Internet sent me a journal of all Bitcoin transactions and I don’t know if I should trust it. Bitcoin’s key innovative technology, the blockchain, attempts to solve that problem so that decentralization can work.
Blockchain: a journal of all (Bitcoin) transactions since the very beginning. Transactions are grouped together into chunks called blocks, which form the ‘pages’ of the journal. Miners solve difficult math puzzles so that they can attach special numbers to each block, proving that they spent a lot of computing power. A series (or chain) of blocks with the most computing power spent on ‘proving’ that chain will become the authoritative blockchain. This system works as long as the honest users waste more computer power and electricity than dishonest users.
Decentralization: a system that works without a trusted central authority.
Double spending: Cheating the system to spend the same Bitcoin two or more times, ultimately resulting in spending Bitcoins that you don’t have.
Secure: An adjective that describes systems other than Bitcoin. For starters, Bitcoin was hacked to create 184 billion Bitcoins. When the Mt. Gox exchange was hacked, at least 5% of all Bitcoins at the time (at least 650,000) were stolen. Many people also lose Bitcoins due to their computer being hacked, being tricked into giving away their passwords or identity, or from malicious browser add-ons. Bitcoin also has outstanding security issues that haven’t been fixed. If a single party controls 51% of the world’s Bitcoin mining power, that mining power can be used to disrupt the Bitcoin network. Currently, more than 51% of the world’s mining power is controlled by Chinese companies.
submitted by glennchan to Buttcoin [link] [comments]

Do you know what the word malleability means?

The word malleability was picked and used intentionally. Why would you want transaction structure to be modified or adjusted or smudged like clay? You wouldn't right? You'd want to trust in the accuracy of the transaction structure and not let some second-layer or third party, or separate script, confirm trust in transaction validity. Right?
Except that, despite the issue with signature hashes being slightly different being a minor thing, this inability to be malleable is what was targeted as the prime problem with Bitcoin, and that's what lead to segregated witness. Segregated Witness effectively breaks the existing transaction structure in order to create 2 transaction IDs instead of 1, and in order to run new signature scripts - scripts that aren't defined in the original Bitcoin protocol or whitepaper, in the name of expanding Bitcoin because, "Bitcoin doesn't work". "It can't scale" and "It has malleability issues".
When people talk about "the malleability bug" they are referencing signature smudging, as in, when transactions are signed there may be some slight discrepancy regarding the hash before one of the transaction IDs gets cemented into the ledger, for an example as a metaphor: "a capital I might look like a lowercase l" but since it is the signature and not the output data it will still be verified by network nodes before getting added to blocks. What they don't mention is that this doesn't actually have any effect on the transaction output data though, it doesn't result in any problems unless you are reading the data incorrectly. Yep, no effect, money is still transferred just fine. There is no evidence of fraud due to this supposed issue (except for supposedly big one, MtGox). For the vast majority of cases there is no issue. As usual, there is only one transaction that gets cemented into blocks (no doublespends).
Important to note here is that, there is no evidence that this is actually a problem with Bitcoin instead of a problem with second-layer or external services or exchanges such as the MtGox scenario where this "malleability bug" becomes a huge problem because they didn't account for the possibility that this slight variation of transaction ID might be entirely intentional.
This possibly, seemingly intentional, "flaw" that Bitcoin had (before it was modified to have segregated witness) to "fix the bug" is what makes things like lightning network completely unnecessary as is demonstrated daily by Bitcoin Cash users, the transaction structure is important and signature data is important and neither should be modified or adjusted. It was made that way for a reason. In addition, it isn't an issue if some of the signature data can be slightly off, again, the way the system is designed is that only one record becomes cemented into the blockchain. (No doublespend).
Of course, making transaction structure more modifiable was presented as making it easier to expand with future software (such as lightning and schnorr, etc) by Blockstream et al, because it apparently makes it so that there is only ever one definite data tied to one transaction ID, by instead creating TWO transaction IDs and tying them together with a segregated witness script..."A new data structure, witness, is defined. Each transaction will have 2 IDs. " source and the witness ID references the original like a mirror copy, but that also opens up some potentially huge problems later on, and the worst part about it is that these problems would be difficult to prove by a user after they've happened. Why is that? Because if you examine the transaction structure it would appear as though everything is in order even though there may have been an issue (or according to the specification: maybe locked, maybe in a segwit wallet, maybe not yet validated). While there is no proof that money could be stolen if you do not upgrade, there was alarming uncertainty regarding the future of your funds and the future of the network and it does feel like a threat if you do not upgrade.
According to the specification of segwit (and segwit users here often deny) "signature data becomes optional". Signature data, the data that is required and described by Bitcoin as a fundamental building block as part of the process of verifying transaction data as it is propagated to the network. Bitcoin uses something called a Elliptical Curve Digital Signature Algorithm. https://en.wikipedia.org/wiki/Elliptic_Curve_Digital_Signature_Algorithm - with segwit the signature data is separated out from the transactions: "This BIP defines a new structure called a "witness" that is committed to blocks separately from the transaction merkle tree."
See for yourself: with segwit, "signature data is no longer part of the transaction hash" source.
Segwit is "removing this data from the transaction structure committed to the transaction merkle tree" source.
In its own words: "how the transaction was signed are no longer relevant to transaction identification".
"It allows creation of unconfirmed transaction dependency chains" [... in other words, chains that aren't really Bitcoin ...] "an important feature for offchain protocols such as the Lightning Network".
"Segregated witness fixes the problem of transaction malleability fundamentally" the specification then goes on to basically describe Lightning - but is this really a good thing? Micro-transactions with extremely low fees are happening daily already with Bitcoin Cash with zero issues and Bitcoin Cash now has 32MB blocks (Instead of 1MB/2MB) without an unnecessary change to transaction data or signature scripts.
"Since a version byte is pushed before a witness program, and programs with unknown versions are always considered as anyone-can-spend script, it is possible to introduce any new script system with a soft fork." - so essentially the old chain would be able to become deprecated ... is this really a good thing? was there really a problem to be fixed? do we want any new script system like segwit to define the new blockchain from now on?
Actually this is exactly what this is all about, segregated witness is.... in reality... a covert takeover of the old chain signature scripts (or rules) with the new ones that don't actually disable the old methods and system but also don't allow any devs to go back and work with the old scripts anymore, they're considered completely irrelevant now. This effectively kills Bitcoin as you know it. It forces devs to work with the new segregated witness from now on, or be forgotten. Devs are now forced to use the new segregated witness protocol and any future scripts must run according to the segregated witness procotol that has the wtxid and 2 transaction ID format. Not long from now the original txid will likely be deprecated and everything will move over to just using wtxid... this is fairly obvious because, those old signature scripts are still being used today with no issues by Bitcoin Cash just fine.
submitted by crockscream to btc [link] [comments]

PSA: Bitcoin Naked Shorts

TL;DR Unless an exchange allows you to withdraw and deposit bitcoins it's not a real exchange, and its "price quotes" are entirely fantasy, just like MtGox prices.
Now that Wall Street and established finance is entering Bitcoin It's time to prepare for the baloney that'll follow.
Chief among those shenanigans is naked short selling. Naked short selling is when an exchange puts offers to sell bitcoins into their system, without bitcoins backing those "offers". Naked short selling is basically fraud and counterfeiting. Just short selling is a legitimate market practice (opinions may vary).
Any "holder" of bitcoins in such a situation holds nothing more than numbers in the exchanges database. If this sounds awfully familiar, it's because that's basically the exact same thing MtGox also did.
There's a few problems with naked short selling, among them is that they can give a wrong impression on price. It's also the case that they basically create "bitcoins" out of thin air.
An exchange is only a proper exchange if it supports the following features:
Bonus points go to an exchange that publishes a proof of reserve.
Exchanges that do not allow for these things are not at all exchanges. They are betting sites, little more Wall Street run casinos (ETFs, futures, spread bets, CFDs, etc.)
Most importantly, prices that such fake exchanges "quote" aren't real prices. They're entirely fantasy and stand in no correlation to real bitcoin valuations. It's important that the community realizes this and that any site that quotes bitcoin prices clearly indicates if the price quote is from a real exchange, or from a betting site that hasn't got any coins backing their bets.
On regulation: I don't have any illusions that regulation would help with naked shorts (after all they're also mostly illegal for other kinds of assets, but happen anyway). But since NY has taken it upon themselves to regulate exchanges, I'd suggest they put safeguards against naked short selling in place as well, for whatever good that'll do.
submitted by pyalot to Bitcoin [link] [comments]

Latest SEC Bitcoin ETF Comment - Comp. Sci. Professor @ UNICAMP - Stanford Ph.D Alumni (Controversial)

Objective thoughts on the latest comment to the SEC?
The comment below was posted by this professor (received his PHD in Comp Sci. from Stanford): https://en.wikipedia.org/wiki/Jorge_Stolfi
"Dear SiMadam:
I am not a US citizen, but the proposed ETF has a global impact, given its connection to Bitcoin -- a venture that is intrinsically international in scope. Bitcoin is being itself traded and advertised as an investment instrument, the world over; and the proposed ETF would legitimize it even in my country. So, please let me offer my comment about that proposal.
For the purpose of the fund, bitcoin is being characterized as a commodity. However, bitcoins do not really exist. They do not have material existence, of course; but they don't have even the virtual existence of MP3 or video files.
The latter are specific patterns of bits, that can be "owned" in the broad sense of the DCMA and other "intellectual property" legislation. Bitcoins are not specific patterns of bits, however. One cannot display them on a screen, print them, play them on a speaker -- as one can do with other forms of intellectual property.
In that respect, bitcoins are similar to the money in a bank account. The bank client cannot see his money, either. All he can do is see a ledger entry that states that he has a certain amount in his account. Likewise, he cannot display his bitcoins, but only see a ledger entry -- in the "blockchain" -- that states that he owns a certain amount of bitcoins.
There are important differences, however. A bank is bound by contract and by law to transfer the amount stated in that ledger to other banks, or to cash, if the client requests it; and the government is morally obliged to preserve the purchase value of that cash, to a reasonable degree. But there are no legal, contractual, or moral obligations about bitcoin transfer or conversion to other money instruments; and there is no entity tasked with preserving its value.
Thus, bitcoins are more like "penny stock", shares of a company with no assets, no products, and no staff; or shares in a pure ponzi schema, like Madoff's fund. The value of bitcoin is supposed to come only from the existence of an (allegedly) secure ledger that records the distribution of coins among numerous accounts ("addresses" in the system's terminology), and therefore allows their use as a means for internet payments. But penny stocks and ponzi funds offer that capability, too.
Another important difference between bitcoin and other assets, real or virtual, is that the ledger (blockchain) does not really establish ownership of the bitcoins to identified individuals. The bitcoins are assigned to "addresses" (accounts) that are identified by numbers, and can be moved anonymously by using "private keys" associated to the addresses.
Anyone who knows the private key of an address can move the bitcoins stored there. By design, there is no identity verification, not even the possibility of it. In that regard, bitcoin accounts in the blockchain are like the old numbered accounts in Swiss banks. As the case of the MtGox exchange showed, when btcoins are stolen, it is nearly impossible to identif the thief, or even to determine whether it was an outside or inside job. This feature creates a security risk that is impossible to quantify.
Since 2010 or so, bitcoin has been heavily used for for investment and speculative trading, more than as a currency or payment network. All that trade has been occurring in totally unregulated exchanges that are not subjected to any meaningful auditing.
The market price of bitcoin, like that of a penny stock or ponzi fund, is entirely speculative, based on expectations of traders about future prices, which will be based on expectations of future expectations...
Unlike legitimate stocks and bounds, that infinite regression is not ultimately grounded on fundamentals -- because bitcoin does not have any. In fact, its primary use as speculative financial instrument causes extreme price volatility, that prevents its use as a currency.
Ownership of bitcoins does not yield any dividends or interest. While eventual users of bitcoin as a currency would be required to pay transaction fees, those fees will not be paid to bitcoin holders, but to the "miners" that maintain the public ledger.
The only way to make a profit by investing in bitcoins is by selling them to other investors, for more than their purchase price. Thus, bitcoin has the essential character of a penny stock, or a pyramid schema: the profit of early investors comes entirely from the investment of later ones.
Investment in bitcoin does not contribute to mankind's real wealth or well-being: it does not finance the creation of any material goods or real services. On the other hand, it has ruined many naive investors who have been induced to put their savings into it, by spurious promises of fantastic price increases in some undefined future.
In my view, since it is primarily used for investment, bitcoin should be regulated like a security; in which case it would probably get from the regulators the same treatment that a penny stock or ponzi fund would get.
As for the proposed ETF, it does not add any productive mechanism to the underlying bitcoins. It only provides a level of indirection, that is intended to make bitcoin accessible to investments funds that it would not otherwise get (such as retirement funds). But, would the SEC authorize an ETF whose shares are to be backed exclusively by shares of a specific penny stock?
I hope you will consider these points when deciding on whether to authorize the ETF.
Thank you for your attention,
--stolfi
PS. Another minor problem with the proposal is that the nominal price of the shares is supposed to be tied to the market price of bitcoin at the Gemini exchange. That exchange is closely tied to the ETF proponents, and has relatively low liquidity and trade volume. There seems to be a significant risk that the nominal ETF share price will be manipulated, by relatively small trades that manipulate the bitcoin price at that exchange.

Jorge Stolfi Full ProfessoProfessor Titular Instituto de Computação/Institute of Computing UNICAMP"
https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx201630-2.htm
EDIT: Apparently this guy is a redditor, and an avid poster in Buttcoin. This guy sounds ridiculously bitter, even his post titles reek of disdain. I won't post his username, but will say that it can be found in the comments here.
submitted by Kitten-Smuggler to Bitcoin [link] [comments]

Former President of Bank of Latvia and Prime Minister of Latvia Repse is into Bitcoin

Somebody asked a question "Have you invested in Bitcoin and what future you see for it?" and he answered "I had invested in Bitcoin :) Lost 10 bitcoins in MtGox :) Shit happens! But in general, crypto, which is not subject to government emissions seems good idea!"
https://twitter.com/RepseEinars/status/903330539259793408
https://en.wikipedia.org/wiki/Einars_Rep%C5%A1e
submitted by neonzzzzz to Bitcoin [link] [comments]

What is going on with Bitcoin? Is it 130usd/1btc or 550usd/1btc? So confused.

Edit: Thanks!
submitted by RunningGood to dogecoin [link] [comments]

Lets talk about bitcoin and decentralization and some disturbing trends.

Bitcoin was built to be decentralized. It is not meant to be controlled by any one person or any one group. In 2014 this is still the case. However the trend of centralizing is real and very scary for the future of bitcoin: less and less people control the various aspects of bitcoin as time passes.
--------------------------Mining Bitcoin--------------------------
How Centralized?
According to: https://blockchain.info/pools 4 people control over half of all mining.
How Dangerous?
Extremely. Beyond the fear of 51% attacks, having less pools is just inherently less secure. making single points of failure. Making government control and regulation easier, and giving individual pools more potential power over things like code decisions, what transactions get mined and potentially what level of fees are required.
--------------------------Talking About Bitcoin--------------------------
How Centralized?
/bitcoin, bitcoin talk and the bitcoin wiki are all moderated by largely the same people.
How Dangerous?
Meh. It's extremely centralized currently, but seems like the easiest and fastest to fix if it ever became a problem. It feels somewhat uncomfortable though with things like this: http://www.reddit.com/Bitcoin/comments/23jlet/censorship_in_rbitcoin_happening_right_now_all/
--------------------------Developing Bitcoin--------------------------
How Centralized?
Using "number of commits to the reference client" as a metric here is a graph of commits by developer: http://imgur.com/2hSxTdg Despite being well over 100 contributors 4 people have made almost 75% of the changes to bitcoin's core code. (excel just cuts off most of the names and most of the slices are too small to see).
How Dangerous?
Somewhat. It's an open source project, if a rouge developer put in evil code it'd be hopefully caught and removed. So there isn't much danger of outright maliciousness. But at the same time, that is a very small number of people calling the shots. And with so much money on the line it seems like a dangerous situation.
--------------------------Transmitting Bitcoin--------------------------
How Centralized?
https://getaddr.bitnodes.io/dashboard/chart/?days=60 With the creation of light wallets the number of full nodes is constantly decreasing. In the last two months we have gone from 9000+ to less than 8000. With only 2000 being the current version (9.1) and a majority being older versions and not the current protocol.
How Dangerous? No one knows how many nodes is the right amount to be safe. It seems like if there was a major issue it'd be simple for people to set up new nodes. But at the same time it is distressing the number is so small and that it is shirking over time.
--------------------------Owning Bitcoin--------------------------
How Centralized?
according to: http://bitcoinrichlist.com/charts/bitcoin-distribution-by-address?atblock=295000 only 99 addresses hold more than 10,000 bitcoins. and slightly over 10,000 addresses hold 93% of all bitcoins are held by ~200,000 addresses
How Dangerous? Medium. There is hippie gini index equality nonsense, but really 1 address doesn't equal 1 person due to exchanges and web wallets. However mtgox has shown how dangerous it is for multiple people to hold many people's money in one wallet. Very few people control the vast majority of bitcoins even if many of the large addresses are owed to several people.
--------------------------Buying Bitcoin--------------------------
How Centralized?
http://bitcoincharts.com/charts/volumepie/ This actually could be worse. For a long time mtgox dominated this chart. It actually looks better now than it did in the past. It's not a ton of companies but there is at least some completion among them now.
How Dangerous? Less than it was. If one exchange gets too much of the market it has broad powers to manipulate the price and like mtgox potentially becomes a massive threat of one person stealing all the coins.
--------------------------Conclusion--------------------------
Shit's fucked up yo. It's not so far gone it can't be fixed, but too few people control the important aspects of bitcoin. I didn't even go into the incestuous crossovers. (Developers that are mining pool operators, forum mods that control 10,000+ coins, etc, but that is beyond the scope of this for me to research fully).
Discuss!
submitted by Consoidotion to Bitcoin [link] [comments]

MtGox Bitcoins To BTC Bitcoins - YouTube Remove your bitcoins from Mtgox MtGox Bitcoins to BTC e Bitcoins in 50 seconds Two-Bit Idiot Withdraws -- Mt. Gox Files -- Wikipedia Flirts -- Bitcoin Endures earn bitcoins

"MtGox Co., Ltd. had certain old­format wallets which were used in the past and which, MtGox thought, no longer held any bitcoins. Following the application for commencement of a civil rehabilitation proceeding, these wallets were rescanned and their balance researched. On March 7, 2014, MtGox Co., Ltd. confirmed that an old­format wallet which was used prior to June 2011 held a balance of ... Mt. Gox, genannt "Mount Gox" oder einfach "Gox", war der am häufigsten verwendete Bitcoin-Devisenmarkt von kurz nach seiner Gründung im Jahr 2010 bis zu seiner Insolvenz Ende 2013.Der Markt wurde am 25. Februar 2014 geschlossen und hat Insolvenzschutz angemeldet in Japan und den Vereinigten Staaten nach dem Verlust von 640.000 Bitcoins. From Bitcoin Wiki. Jump to: navigation, search. Mt. Gox. Industry: Fiat exchange: Founded: July 18, 2010: Defunct: February 25, 2014: Headquarters: Shibuya, Tokyo, Japan: Founder(s) Jed McCaleb: Key people : Mark Karpeles: Parent: Tibanne Ltd. Website: https://mtgox.com Mt. Gox, called "Mount Gox" or simply "Gox", was the most widely used bitcoin currency exchange market from shortly after its ... The MtGox API provides methods to access information from the market, place orders, and more. Two APIs are currently available: HTTP API; Streaming Pubnub API; Streaming websocket API; Contents. 1 Number Formats; 2 Currency Symbols; 3 Date and time; 4 See Also; Number Formats. In the "old API", currency- and amount-values (price, volume,...) were given as float. These values are likely being ... Am 2. Juni stieg der Bitcoin-Dollar-Kurs auf 10 Dollar pro 1 Münze. Innerhalb von 6 Tagen wurde der Wechselkurs von USD 31.91 an der MtGox-Börse für 1 Bitcoin registriert. Am 12. Juni fiel die Rate wieder auf 10 Dollar. Am 13. Juni ereignete sich der erste Diebstahl auf Bitcoin. Der Benutzer allinvain gab an, dass 25.000 Münzen aus seiner ...

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MtGox Bitcoins To BTC Bitcoins - YouTube

Vienna, Austria -- I'm the Let Wall Street Pay for the Restoration of Main Street Bill -- Here are Today's MadBits: 1.) Coinbase Leads Charge In Bitcoin's Co... After you verify your bank account with MTGox you can begin buying, selling and trading Bitcoins as you see fit. MTGox is also the Exchange I use. I have found it to be very professional and quite ... 0.0015, 0.00233983, 0.01, and 0.003978 who writes "Mad Bitcoins is Awesome." -- MadBitcoins thanks you for your generous support. 1.) Two Bit Idiot withdraws plans to publish article against ... The infamous Mt Gox Bitcoin Exchange has had another sell off in May of 2018. This time, 24,000 Bitcoin (Approx $225M) has been sold sending the price of Bitcoin plummeting under $9,000 USD. The ... MtGox Bitcoins to BTC e Bitcoins in 50 seconds BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork

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