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The Public Webbot Forum is Once Again Open

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Refusniks - Public Forum Version

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Inspirational...
Inspirational...

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Followers

Crypto

Well, I suppose that that is one skill which one can spend your time learning when you are a twenty something and already retired...

By Mulder · 4 hours ago4 hr
Crypto

The genesis block was only 50 BTC, and it's likely not spendable, unknown if this was deliberate or a mistake by Satoshi. That address now has a little over 100 BTC in it, as people have sent more to it over the years.

What is thought to be Satoshi's holdings, is actually thousands of dormant wallets, most with 50 BTC in each.

By massapien · 6 hours ago6 hr
Crypto

DARPA still has the 1 million BTC wallet from genesis block. That's why USG pushing for strategic BTC reserve. Already have a million, but how to monetize it.....

By SPace · 7 hours ago7 hr
Crypto

^^^
Re: U.S. Government White Paper [1996] explains Blockchain:
In 1996, the US government released a white paper entitled, “How to make a mint: the cryptography of anonymous electronic cash.” Released by the National Security Agency Office of Information Security Research and Technology, this document explains how a government agency could create something like Bitcoin or another cryptocurrency. They had been attempting to create one for years and then magically Bitcoin came on the scene.
The above linked document was studied by Martin Armstrong. He wrote an article about it & can be accessed here. His conclusion suggests the following:
This document was released during the dawn of the dot.com bubble before the technology existed to create such a [digital] currency.
The NSA quickly realized that it could weaponize this technology to create a cashless society.
The document discusses ways to "blind the signature", so that the payee may remain anonymous. Now, why would the government [NSA] allow that to occur?
The authors go on to further explain that tax evasion, per usual, is the key concern. They mention money laundering and “old crimes such as kidnapping and blackmail” as reasons to allow backdoor entry.
Restoring traceability was a proposed solution, and if they could restore traceability in the first place, one must question if the payments were ever truly anonymous.
Using Alice in their example, they explain that they could simply issue a warrant and track all her payment history. “Backward traceability is the ability to identify a withdrawal record (and hence the payer), given a deposit record (and hence the identity of the payee). Backward tracing will reveal who Alice has been receiving payments from.”
In conclusion: The US government released this document in 1996, 27 years ago. Bitcoin was allegedly anonymously created in 2009, and numerous other blockchain-based payment coins have followed. This, paired with the push for CBDC, where the government simply does not need to pretend payments are anonymous, should make one question the security and longevity of cryptocurrencies. -- Link
Re: Satoshi Nakamoto:
To begin with, there is much speculation about the founder(s) — Satoshi Nakamoto – who created Bitcoin (BTC) on June 3, 2009. The mystery person or group (or government agency) has been MIA since 2011. Yet 1 million Bitcoins remain in their original account, untouched. His wallet is estimated to be worth over $81 billion at the time of this writing, and if this is indeed an individual, he or she is one of the top 15 richest people in the world. They have never moved a fraction of a BTC from their account. So, one wallet contains 5% of all mined bitcoin. Will this person or entity perpetually hold? -- Link
Re: Bitcoin created June 3, 2009:
It must be understood that Bitcoin is simply a trading vehicle, not a currency.
Bitcoin’s price is akin to the problem that existed when the bubble burst in 1966 with mutual funds because they were listed back then. The value can change at a volatility rate of 10x that of the dollar, making it a highly dangerous instrument as a store of wealth. It is solely a trading vehicle until they weigh it and the value is changed.
Bitcoin must change its structure, or it will never become a valid currency with a stable store of value, which is supposed to be the whole point. It is just an asset class of high volatility.
The concept of Bitcoin replacing the dollar fails to comprehend what makes something the world’s reserve currency. I will write a piece explaining that aspect since it is crucial to understand. -- Link

By turiya · 11 hours ago11 hr
Crypto

Max Keiser Quote:
In light of today’s news, that the US has 85% less Bitcoin than previously reported, the confiscation risk I mention in the article goes up.

BeInCrypto
Max Keiser Warns Bitcoin Could Vanish Faster Than Epstein...
What is the biggest crypto news today? Max Keiser warns that centralized Bitcoin holdings may be targeted in a state-led crackdown.

By Greenmeadow · 18 hours ago18 hr

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