Bitcoin: “Attack of the Blockchain Clones”


Dear Cryptocurrency Enthusiast:

Do you ever feel that some people need a good kick in the brain can?

Recently, I came upon a political night-rider imparting an alleged moral foundation. An alleged gem upon the cryptocurrency seashore. Only, it was a sharp stone.

I had discovered his name before, but until recently, never endeavored to explore the influential nature of his words. Never, do I hope he will be more than a crab upon the shore of true freedom. An insect at the beach.

But just in case…

I think now is a good time to mention him. Before your children say his name. Before you feel ignorant, and just in case he makes a name for himself. Which, he won’t.

Before all of that, you can say, “Yep, I have heard of him and Karl Marx. Do you remember the Jews that the Nazi’s killed? Great, I’m glad that the government schools still teach that. Well, anyway, same idea…”

***

His name is Amir Taaki, but he is not the real issue. It’s his personal software that is questionable — the programming in his brain.

Taaki is a coder of some repute, as well as an anarchist of vague degree. Meaning, as far as I can judge, a person who does not understand that an objective form of government is required to maintain individual freedoms. Therefore, Taaki is a liability upon the world stage. A regurgitation of the past.

Taaki is involved with bitcoin, having worked on Dark Wallet, a precursor to OpenBazaar and other projects, but that does not concern me as much as one of his potential teachers. The person or people who have coded him.

Taaki appears to “lack philosophy” as he implied when he was in Syria. What does that say about the man? It says the name of another man, actually. An American hero some might have called him. Others refer to him as a philosophical villain.

His name is Murray Bookchin. He was mentioned by Taaki, when he (Taaki) was fighting in Syria with the Kurds, against ISIS. Supposedly he had just come to lend support, but not to fight. A self-imposed duty called. He took up arms.

There is a warning here. Historians already know of its potential significance. It is not about what Lenin did to Russia in this case, but what America (via Bookchin) is doing to Syria. Invading Syria through what is called Communalism. Not communism exactly, but a shade of it, certainly.

Bookchin was an American anarchist, libertarian socialist and political theorist. He often reflected upon class struggle, was an avowed anti-capitalist, meaning that he was essentially against free and fair trade. He appears to have influenced Taaki and some factions fighting in Syria, for the greater glory, naturally. But it is not the glory these factions are after, as much — and more probably — a sort of militaristic socialism.

Anarchism, is of course, gang rule, with no objective laws, where the most ruthless criminal can rule just as easily as a moral king. One cannot conveniently redefine it, but Bookchin tried. Taaki is trying.

The US, as of yet, is not ruled by anarchist fiefdoms. We are not yet at the stage of full revolt. We are not ready to substitute one form of tyranny for a Bookchin Communalistic Paradise. Nor should Syria be led down the Bookchin road.

Bookchin’s revamping of communism is a claxon. Know that the bells have sounded. Long before Syria, Turkey, Iran and others – fell. If that will happen. If it does, and I hope it won’t, fingers will point. They will point at Bookchin.

The disease is spreading.

And please tell me that Bookchin and Blockchain are unrelated.

Bookchin wanted majority vote, but not majority rule and he tried to explain that one for years. He also wanted assembly-led enterprises. In other words, no free enterprise at all. A type of social dictatorship, but not quite of the communist model. It is often referred to as a “communalist” type of organization. Community led — scratch that — community ordered, comrade.

Looking through the Murray Bookchin filter, as some are want to do, lends lethality to the drumbeat call for decentralization. Not for the blockchains, but for humans. The only difference is that humans are not chained in the first place. We are not part of some giant cloned ledger.

There is no comparison between the technology of bitcoin and individuals.

Anarchy, as espoused by the Bookchin-ites, is not decentralization as some might ask you to believe. It is disorganization. It is decentralization of organization. Divide and conquer. Disintegration. A rapid breakdown of morally based laws (we can argue about that) in favor of range of the moment substitution. Pragmatism v. reason. Honesty v. “get it done.”

And here is the social mirror some are suggesting we hold up to the blockchain ledger. If bitcoin or better yet, if some private cryptocurrency ledger can organize an accounting method, where everyone’s currency is safe and secure, why can’t humans be like blockchain ledgers? Hold the power to self-manage? A type of self-organized dialectic.

Dear readers, we are not Blockchain Clones. We are individual people, all with different abilities and desires. Our intellectual savings differ. Our ability to mine knowledge, to produce information, to educate, are all different. We are not cryptocurrency clones. We were never social “smart contracts.” We are different. Blockchains are identical.

The ideas of cryptocurrency decentralization are not transferable to the human context. Blockchains are not anarchistic representations of social structures, but orderly algorithms without emotions or desires. They are arbitrary and robotic rules of math, editable by humans. Controlled by a few humans.

Pause here. We own the process of blockchains. Not the opposite.

If we transfer the decentralization aspect of blockchains to society, we become numbers on the social ledger. And some few “developers” will control the technology of the social blockchain. A small core group. Hence, the idea — the false flag — that blockchains are decentralized only refers to the nature of the ledger. In fact, the technology is highly centralized.

To gift humanity with the ability to transact, without the necessity of an intermediary? Without humanity? A digital promissory note to ensure that contractual transactions are completed? That is the promise, right?

Where is the human watchdog? Answer? Blank out. Who is watching the developers? All of us? Can we influence their process? Maybe. If they refuse to give us what we want? We can use Litecoin, right? We can try some of that dark net stuff — Monero.

But where are we then? Back to yet another centralized blockchain. A programmed ledger we can clone and use. We only hope the developers stay on the job. Hope they don’t act in a way that will destroy the value in our chosen coin.

This being the case, to engender trust, the math of cryptocurrency should be provable, verifiable, and secure. It should be objective and not subject to the whims of cryptocurrency developers.

This is a tall order. It requires human cooperation. It requires auditors. It needs checks and balances. Some type of transparency.

The people who control the math should have watchdogs at their heels. Inspectors, not beholden to the math-makers in any way, should have complete viewing access to the code. If something is amiss, they should report it to the public or be jailed for complicity.

It is called the “human element.” Imperfect, for sure. But why it is required? Obvious, is it not? Some humans steal. And, what does absolute “monetary” power do to humans? What does any kind of communal power do? It corrupts them.

Bitcoin can be audited. Anyone can access the code and audit the system. Anyone can trace any transaction, which, unfortunately, is unfavorable to human privacy. The other problem is, as I have mentioned, bitcoin is centrally controlled by a handful of developers.

Machines are oblivious. Algorithms have no feelings. They are not concerned about where you buy your booze, that you have a health problem or if you like romance fiction — with photos.

Maybe the auditors cannot read a name, find a home address without a court order, in some cases, but much can be inferred from the transaction records of bitcoin and clan. Much privacy is lost.

Could this have been the noob “selling point?” We are all one? Your money is mine, sayeth the dev? Bitcoin or Nirvana? Decentralization at all costs? Why Taaki might support the idea for human consumption? Developers are our new rulers?

To ensure confidentiality, bitcoins are sometimes transferred via mixers to stop the auditors in their tracks. But there are other problems.

Suffice it to say, bitcoin coders are still working on Dandelion. A way to secure transactions — to obfuscate IP addresses and so on. And there are arguments about the process as well.

Privacy is a difficult maneuver in the cryptocurrency realm. Many projects exist. Dash, Monero, CloakCoin, NavCoin, Aeon, and even ZCash. The idea is to obfuscate the transactions in such a way as to keep everything as private as possible.

The problem then becomes one of trust. How do we trust a cryptocurrency that cannot be audited in certain ways? Shall we watch the “old guard?” The bankers?

Answer? Yep. Profit from their “transition.” Why not? Profit as JP Morgan Chase adopts Zacash software. Why not?

Let’s consider a real-world comparison example. I mean, even if privacy based blockchains might fail in the wild, as it were, it does not mean that governments won’t take up the mantle of public (transparent) bitcoin.

Cash is an anathema, to highly centralized governments.

If I go to the store and use cash to buy a soda, the clerk takes my money, gives me my change and I walk away with my drink. There’s no record of me personally buying that soda, in most cases. My cash was private. I stored it in my wallet, walked into a strange store, didn’t care to know the address and exited with a cool drink.

If I’m a bad guy, I can use my cash to buy a Russian Suitcase Nuke, but it’s risky. Complicated. I can do a dead drop, place my cash in a bag and hope the suitcase is left at an agreed upon location.

As a terrorist, I could exchange cash for plastic explosives in Syria, say near the Iranian border, but I should probably have a bunch of soldiers with big Kalashnikov rifles to protect me.

If I’m a cocaine dealer, I can stand on a curb, risk being arrested or robbed and shot at any second, and accumulate cash.

How can criminals magnify cash (currency) using a private cryptocurrency, however?

Nearly instant international payments — until they are stopped.

A security nightmare, but freedom and security have been at odds for a long time. A balance most difficult to find. Betwixt and between centralization and personal security. The desire to be free and desire to be safe. Power and irrelevance. Privacy and publicity.

Cash can’t fly, but banks can — even unwittingly — assist with international criminal remittances. But why pay the bank fees and risk investigations by Interpol?

Hidden internet markets where Zcash, Bytecoin or Monero can be used to purchase stolen credit card numbers with no risk to the seller. This is a real problem. Try to buy a list of stolen identities with bitcoin or cash. Much more complicated. Increasingly more problematic as governments tighten money transmission rules, ostensibly to catch the criminals – oh, and the tax savers.

To state that private or “mixed” cryptocurrencies do not or cannot assist criminals by asserting that cash is king, is not giving the “international picture.” Sure, private cash is a double edged sword. It gives the power to individuals, but it also magnifies the powers of groups — and criminals.

The decentralization of the network is, in this sense, misleading. It is simply a method of financial attack.  It’s called overwhelming force, by swarming. The use of a decentralized force against an opponent, in a manner that emphasizes mobility, communication, unit autonomy and coordination and/or synchronization – from Wikipedia. Create an army of like ledgers, cloned nodes and depend upon the masses to keep the fires burning – keep updating their ledgers.

Alas, however, this is a hushed and feeble war.

Do you see it? It’s one ledger, with a cloned horde that can attack day and night anywhere there is a piece of tech, an internet connection and voltage. But who controls the tech-gear, internet and the electricity?

And in real war, real change, the armaments are diverse. The attack vectors erratic. The volume of force, unknown, until it is too late. Currency is one vector, but it is a main one.

Time to rouse from the daydream, crypto-noobs. For now, crypto is dependent upon the old substructure. That is where it rests. That is where it should gather its trust and strength, but not form its misplaced revolution.

This is not the anarchist core. Blockchain is not anarchy. It is not order from decentralization. It is the clone army. Hit the command center — the developers (core team) — and it folds like a cheap suit. The clones will become weak — unless someone creates another cloning machine — feeds them “updates” — debugs them regularly.

And this dreamed of moment of truth is crucial. It can be subverted. Others can subsume its power to encapsulate the population(s). We must have watchers in place. No Taaki’s should subvert the message, without a fight.

I have no desire to be a part of a crypto-horde and, await the day when this old-fashioned ledger technology is jettisoned in favor of an atomic cryptocurrency, without one. To me, that would be the Holy Grail. A true cryptocurrency. The evolution. (An idea not so well received by the Murray Bookchins of the world.)

Individualism is not reliance upon yourself. It is voluntary cooperation with others. It is the very essence of freedom. Blockchains — if transposed to governing — is slavery. What did Bookchin want? What does Taaki, and admitted drifter and squatter, want?

But I’m just a voice in the wilderness, far from the Murray Bookchins, communists, socialists, Leninists, Trotskyists and Communalists of yester-death. Many sounded the  alarm before me — about Murray Bookchin and Occupy Wall Street.

Until then, the blockchain-clones are the best thing going in finance, if only because they usurp the power of central banks in some small way.

And if the “old guard” finance houses have judged Zcash as great tech, we can profit from their interest, me thinks.

And it concerns me that more and more big guns are coming out of the closet to “protest” the bubble of bitcoin – but not Zcash? Not Bytecoin or Monero. Why now?

What else do these big guns know? Do they have insider information or do they want to quash cryptocurrency altogether via regulation?

And a final thought…

Are Satoshi Nakamoto’s original coins really sitting dormant? Would it not be masterful, if they weren’t really there?


For those of you who understood my blog yesterday and profited – bully to you. Occasionally, I get them right.

For now, Zcash.

Next week?

 

 

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Bitcoin: Behind Enemy Lines

Is it possible…to invest in a cryptocurrency that is acceptable to governments, banks, investment houses and privacy seeking individuals? Not necessarily for the “purity” of the coin, but its potential to grow and thereby earn a profit for the average investor?

What I mean by “purity” is the desire by many for a cryptocurrency to be decentralized, subvert all government controls, be public (or private), and have nothing to do with banking. The farther the crypto is from what is seen by many as corporate corruption, the better.

But can we meet them halfway — and profit? Isn’t that the game plan? Or is this a “take-over-the-world plot?”

Let’s face it, decentralization and the acceptance of that philosophy are two different worlds. We should live in the real one, not the fantasy digital matrix.

So, what is the reality? Is it: “join them, then beat them?”

Let’s judge by the current lay of the land. There are enemies at the gates. One cannot ignore this fact.

No doubt many have read and continue to read about cryptocurrencies. Bitcoin, Litecoin, Ethereum and clan. Good news and bad. Bubbles and troubles.

Here’s the recent news…

There are reports that China will essentially make all cryptocurrencies illegal by October of 2017. Large Cryptocurrency exchanges are reportedly reaching out to non-Chinese based businesses to circumvent these new capital controls. There is uncertainty in the crypto-markets as to how bitcoin will ride this out.

India may adopt a national cryptocurrency called ‘Lakshmi.’ The implication here is that the government there does not trust bitcoin. The tax authorities are concerned about money laundering, according to reports. This should also be a warning to Bytecoin users in India.

If you can’t beat them, copy the tech and take it over?

The European Commission is concerned about cybercrimes and cryptocurrencies. Regulation is sought. This implies, not a rejection of such currencies, but their tacit adoption or at least it’s a delaying tactic.

Russia – Leningrad Region – cryptocurrency ‘miners’ are being invited to the Leningrad region to create large industrial scale facilities. Cheap power is a selling point. The effort seems to have long legs, reaching to Moscow. Do you think they want a piece of the action?

On the downside, Bloomberg reports that Bitcoin might split again because the developers are in disagreement. Added risk for investors. More uncertainty.

John MacAfee announced that Pandora’s box has been opened. Government control over money is eroding. The reaction has been one of regulation in the US and in China, reportedly, Cryptocurrency executives have not been allowed to leave the country.

Ray Dalio, Hedge Fund Manager, has voiced his opinion: Bitcoin is a bubble.

Rainer Michael Preiss (Wealth Advisor) indicated that banks are likely afraid of bitcoin.

Is there a double-standard, however? As this article reports, the recent outspoken critics of bitcoin may in fact work for companies that actually invest in it.

Okay. So, what does all this mean?

Certainly, one cannot predict the future; however, behind the battle lines one can make some critical observations and ask the hard questions.

First, we must ask ourselves why are the most powerful financial houses on earth just now beginning to draw a line in the proverbial sand? Is it the pressure from the banking industry in general, as they watch the outflow of monies into crypto? Fear of losing profits?

Second, is it the threat to the social order via the potential bankruptcy of governments, by way of a dying banking empire? In other words, why do we need a banking empire at all if governments could essentially finance the economies of the world with a blockchain, directly? Surely, if this occurred, the governments would appoint large dominant information tech industries to head the effort. Can you think of a few?

Third, efforts are being made by the old guard (banks and investment houses) to both invest in cryptocurrencies and educate themselves in their use. These old guard types do not apparently like the fact that bitcoin is so public and many privacy-seeking individuals feel the same way.

Profit from their Greed?

Based upon these observations, we may be able to judge where the old guard might go. Where they might pour billions of dollars, making the rise of bitcoin appear as a blip on the screen of crypto.

If we could figure that out, determine where the vast sums of money sitting in retirement accounts and hedge funds might flow, could we then profit from them?

Or are we off the mark again? Will the banking industry utilize inhouse blockchains or will they contract out? My bet? They will contract out.

For some of us it will be difficult to let go of bitcoin. It has a cult-like following. Many will retain a few BTC’s even after a crash, on the outside chance of a resurgence. There is always a chance it can be fixed. After all, it has staying power.

So, what do privacy-seeking individuals and banks require when using money? Let’s just suppose for a moment, that the money is a cryptocurrency?

Well, individuals don’t want their account balances made public. They don’t necessarily want you to know where they spend and how much. So, let’s make privacy optional.

Banks are the same way. They wish to keep your balances between you and them – and regulatory agencies.

What’s the problem? Few if any cryptocurrencies are geared this way. They are most often, completely open to public inspection. Anyone, including criminals, could potentially find your money.

How about customer service? Name one cryptocurrency that you can call 24/7 and discuss a funds transfer or a lost deposit. If you have named one, congratulations.

Now, can you name a private/public blockchain with world class developers, a business plan, open source software, that is liked by the old guard and crypto-fans alike? An actual regulated and above-board company?

If you said Ripple, that’s not on the mark.

I want to profit from a crypto-coin that has few coins, relatively speaking, when compared to bitcoin, and good volume. Over 10 million dollars a day.

I would like a cryptocurrency that the old guard – remember them – is curious about.

I don’t want an ICO coin and I am not thrilled about pre-mines, but a shared tax to help support the coin would not put me off.

The newest and best tech is a must. A step ahead of bitcoin with the ability to add fast updates, if needed.

A staff of developers who are motivated by rewards, i.e., money, to continue to support the coin for as long as it remains successful.

Can you name this coin?

I think I might have a clue.

And it’s not Monero, Aeon or Bytecoin either.

Not NavCoin or Dash.

But it is listed in the top twenty here.

No, not NEM or Iota.


Please leave any comments below.

Note: this should not be considered investment advise.


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Bitcoin Bears Spotted


As if you didn’t already know that the bears were eating bitcoin’s lunch, right?

But is this a deeper downtrend? Is bitcoin a bubble or not? How long will it last? And finally, will bitcoin crash?

Can we trust the big banks and Jamie Dimon to give us the straight dope? That bitcoin is a fraud? No, we can’t. Why? Because so is the fiat dollar and every bank that uses them — all “legal” frauds.

There is no real money to be had, save gold or silver (maybe copper). On the other hand, at least some of the coinage used by nations remains real and retains actual value. I mean, at least the nickels and quarters in the US. The pennies are now copper coated zinc. But the paper fiats? The electronic representations thereof, sitting in our digital bank accounts?

But just maybe we can trust one voice out there. A lone voice of reason in an otherwise crazy crypto-world. Someone beyond the control of anyone.

Why am I telling you this?

Maybe I can save you some money and if so, just maybe you’ll read more of my blog. And then the little money fairies will come and dust me with ad sharing revenue and I can quit my day job.

Fat chance.

In the world of cryptocurrency one character seems to stand out: Smooth. If you don’t know about him, you probably should.

I scan his comments a lot. Get a feel of the crypto-verse, if you will. The only thing is, he comments on several threads and you need to pick them out. Little gems in the digital ether spread out like crumbs.

I have blogged about Smooth before and won’t bore you with details of his/her/their exploits. Instead, I’m here to display a bit if news. What Smooth says, since he often responds to questions on Reddit and bitcointalk.org.

I’m not after the technical stuff, but the layman stuff. Stuff better than Jamie Dimon, since Smooth lives in coding world. Dimon lives in the government fiat world.

Will the crypto-market nosedive soon? And for how long? That kind of stuff.

As many of us know, Smooth is a developer at Monero and works on Aeon. He’s the lead dev at Aeon, not to be confused with Aeternity, a newcomer. Here’s a bit about Aeon, if you want a rundown.

Still, this is all conjecture. Smooth’s persona could be a well-constructed piece of disinformation. Not that his comments are misleading, but his identity is well camouflaged, as it should be in today’s monetary culture.

For the sake of argument, I’ll say that Smooth is a guy, middle aged, who works near a Silicon Valley-like hub and codes. He could be American or maybe even a Romanian immigrant. He may have a French sidekick and several Monero devs to keep him in line.

More conjecture. Smooth is none other than fluffypony’s alter ego. Fluffy being the face of Monero, Riccardo Spagni.

In short, we don’t know Smooth. I’m sure someone does, but the anonymous handle and picture of The Big Lebowski may not really give us the entire story.

Nonetheless, Smooth does leave a lot of commentary, which I hope he will continue to do, even at the risk of being discovered by the governments with their ability to ferret out writing patterns with super, but not-so-secret software. A forensic examination of style and so on, used to compare against known samples.

Smooth must know about this. Maybe he’s not as paranoid as he should be.

Aeon could be Monero’s test bed, as well. And a backup plan if Monero should crash. Hence the recent remarks by Smooth wanting to clarify that Aeon is not a fork of Monero?

At any rate, here are some recent ‘out of context’ tidbits from Smooth. They can serve as very educational – enlightening. Maybe they are also good to use as sort of a touchstone.


A refresher on Bytecoin. Here’s what Smooth says…

His responses on Bitcointalk.org:

Regarding Bytecoin and the ongoing shady dealings therein:

Their intentions were to launch the coin as a premine scam and take a lot of money out of the coin and put it into their own pockets. That of necessity requires inducing other people to put a lot of money into the coin. Which they are still trying to do at some level with the continued (if laughable) shenanigans with “Jenny” and other shills.

This was for those of you who still think Bytecoin has a chance.


Now onto the bear problem. More Smooth goodies.

Monero Speculation:

To clarify I’m not pointing to a bearish sentiment (though one could point not only to the China news but to the increased regulatory pressure from the SEC in the US, Canada, Singapore, and others as potentially bearish) as much as to increased downside risk and decreased short term upside.

Personally, I am acting on this belief by reducing my risk profile in crypto positions to those I’m more comfortable holding through a possible correction or even bear market, but that doesn’t mean selling all or going short.

Monero…I haven’t yet sold any at all (in a long time), but I’m considering lightening up on that too here. >100 USD/XMR and >1 billion USD cap is great, but again, short- to mid-term, relatively reduced upside and increased risk.

And a follow up…

…I see a good possibility this current bull run in crypto may be close to running out of steem [sic]. That doesn’t mean crypto doesn’t have a bigger future but it requires both internal and external changes, which may come more slowly…

Monero Speculation (and crypto-speculation in general).

Have we reached a sort of crypto-market saturation? Are the bears about to come out?

…when considering exponential growth of viral ideas. Compare…with 2014 when no one gave a…about crypto and you would literally have to poll hundreds or thousands of Average Joes…to find someone interested in it much less owning it.

This does not mean there is literally no one left who could buy who hasn’t bought yet. Most likely, by the time we realize that has happened it will be too late and the price will already be crashing, unless you are able to call the exact top (unlikely). It means we are getting close. The balance of risks has become more symmetric. The remaining upside is quite comparable to the plausible downside.

Note, I’m talking about short to mid-term upside without [a] major change to conditions…not  about [a] plausible…scenario where crypto replaces gold or the dollar as a global reserve currency…I’m making a short- to mid-term trading observation based on current market psychology and demographics. If you think that outcome is likely (enough) and are comfortable with large drawdowns while waiting for it then by all means buy/hold/increase your long-term holdings.

And…

I had that happen…right around the time of the market top in 2013.

It is a bearish indicator. It means that the wave of FOMO [Fear of Missing Out] has reached the masses. The only difference at that point is how many decide to buy and how much, but the important fact is that there are really no more big [sic] wave of people to reach (at least not ones with money). When Mayweather and Paris Hilton are promoting ICOs, when it is being covered on CNBC, Bloomberg, etc. every day, who is left? Price gains are certainly still possible, but the risks have become a lot more symmetric.

There is one more wave to reach and that is conservative institutional money that will allocate to crypto as an asset class given ETFs (or similar vehicles) but not before. That’s potentially a big wave ($1 T or more). It may or may not happen this cycle.

What Smooth meant by “this cycle” is a bit ambiguous. What’s more, the ETF issue may never work at all.


The point of all of this? Pull in your crypto-horns or wait this out.

For those of you wondering about Steem.

Regarding Steem, Smooth indicated:

You can look at economic reality here…the mining was not competitive. It was at near-zero cost, based on asymmetric and privileged information, and therefore very much unlike competitive mining that takes place over a significant period when there is ample opportunity for information to disseminate (and the developers are not admittedly and deliberately exploiting their exclusive access to that information to gain a very large non-competitive advantage).

So the outcome is effectively (about) the same as a premine, regardless of how they got there. (And conversely such an outcome would most assuredly not be achieved with competitive mining over an extended period as with Bitcoin or Litecoin.) Achieving the equivalent outcome of token distribution and investor funding of developer efforts via a different mechanism is effectively synonymous with looking past form to function (i.e. “economic reality”) to me, but I’m neither a prosecutor, nor a judge, nor a jury. There is a small caveat here but I don’t think it ultimately changes the conclusion so I will omit for brevity (and economy of my writing effort).

Lately, scam accusations have plagued Steem.io.


And again in the Monero Speculation thread, but more about bitcoin, Smooth advises:

BTC is being priced more as a risky speculative asset at this point than as a safe haven.

From Reddit:

Regarding Bitcoin (Redditor: smooth_xmr):

Bitcoin can’t be described as secure under the model in the white paper.


Regarding the forking of Cryptocurrencies.

A recent goodie:

Literally anyone can hard fork any (open source) cryptocurrency. It can’t be prevented.

The only thing that matters is whether a community (of any significance) supports the fork, and likewise whether a community (of any significance) continues to support that original. End of story.


Based on Smooth’s comments over the past several weeks and the actual cryptocurrency bear market occurring, we might want to heed his advice. Set aside some of your profits if and until the dust settles.

Smooth does not exactly specify how to do this, but Tether might be an option for some.

In any case, as we are often reminded by Smooth, critical thinking is a requirement in the crypto-world.

Poloniex v. Cryptopia?


Preamble:

Do you ever feel like the above picture. A primate looking at a bone trying to figure what it does. How it works.

It’s like that now. The more I learn about cryptocurrency “exchanges” — at least the friendly ones — the less I know. What the hell is this “bone” thing?

Perhaps, it is best to clear our minds of the extraneous nonsense dished up on the internet like so much fast food, no matter how good it tastes.

Maybe we should go to the source. Talk to the guys and gals on the front lines. Go to the exchanges themselves and just ask. So, that’s what I did. Like a smart guy. Really smart, I tell you.

I feel that I have implied things in a previous post that I should not have. So, in a sense, this post is my retraction and clarification. My bit of re-education. Hey, I’m not perfect, but neither is crypto, so bite me.

Here’s what I learned, after being contacted by a manager from a cryptocurrency firm. I learned that things are rather screwed up, to put it politely.


The Tables have Turned:

I questioned the Cryptopia Cryptocurrency Exchange’s decision to delist Bytecoin. I was not on about Cryptopia’s fees or trying to review their policies. And it was not specifically about Bytecoin. I don’t even like Bytecoin (BCN) — any longer.

I was after the reasoning behind the delisting process. In fact, given my suspicions, I thought that there was something more to this story. Something nefarious. And I was right that their was more, but wrong for suspecting foul play.

As it turns out, a manager at Cryptopia took the time to explain to me why BCN will be delisted there. I’ll not give a name, but I have obtained permission to use the information here.

This is my interpretation of Cryptopia’s dilemma, but a predicament all exchanges of this nature should be aware. If I’m off base here, I apologize – to Cryptopia.

If cryptocurrency experts have questions about the following, please let me know in the comments section below.


Payment ID’s:

So, here’s the scoop.

It is not so much that BCN has a “paymentid” issue. It has more to do with another well-known exchange.

An exchange which is quite large, but perhaps has outgrown its ability to serve the customer. I’m referring to Poloniex, of course. It is becoming a dinosaur.

There are all kinds of complaints against Poloniex. Poloniex scams people. Poloniex scalps investors. Poloniex delists or freezes coins for months at a time. It has been seized by unknown parties, banned users, been hacked, and the list goes on.

But we’re focused on one thing here: BCN. Why the delist?

For those of you who are unaware of how one sends BCN’s, it’s a bit more involved than sending bitcoin (BTC’s). One requires, in many cases, two pieces of information.

  1. A wallet address where the BCN is supposed to go
  2. A paymentid, to ensure your BCN is credited to your account.

And this is where the difficulties arise.

One can encrypt the “paymentid” and the fact that one did this is visible on the blockchain. Even on Bytecoin’s blockchain.

Knowing this, means one can exploit this knowledge.

So, how does it work?

Poloniex transfers cryptocurrencies to other exchanges. A large percentage of the CryptoNote transactions, especially the ones Poloniex sends to Cryptopia deposit with no problems. The “paymentids” are not encrypted.

Unfortunately, about 10% of the Poloniex transfers to Cryptopia were (are) transferred encrypted.

But here is the problem. Poloniex has not provided the “key” to unlock the encrypted deposits.

In other words, Poloniex sends the BCN, but Cryptopia is unable to clear the transaction – unable to credit the customers’ cryptocurrency account.

So, what happens?

Continue reading Poloniex v. Cryptopia?

Bytecoin: Crypto Coin Daddy


Who’s Your Daddy?

To call yourself a news agency is one thing, but to push “coin” is another. A crack-cocaine dealer pushes cheap coke. A purported news agency ought to have the guts to wade into the honesty category now and again. It should not be a front for “iffy” coins, unless it does not mind being called on the carpet. Being exposed.

We all want to know: Is Bytecoin legit? Is Bytecoin worth it? Is Bytecoin a scam? These are all honest questions. Questions that continue to linger as Bytecoin advertising begins — again — to trickle into the internet.

This old line is really old: Bytecoin – anonymous cryptocurrency, based on CryptoNote.

On August 23, 2017, CryptoCoin Daddy released a “news” article, but like the blogs I hammer out, when I’m in the mood, the “Daddy” – a far more popular website than mine – dished out the good “news.”

Not so fast.

“Bytecoin BCN is the first crypto currency that is making its way in Temples in India.”

That’s how the blog begins. It then goes on to tell us that many temples in India are accepting Bytecoin payments. Great. But like someone reminded me yesterday, which temples are they talking about? Can they name one? Can we confirm one? Why would a “news” agency write such a piece, without a bit of evidence? Without a single source. No names. No exact places. No interviews. Just hot air?

Are they simply reporting what an Indian Bytecoin Community Manager told them or are they feeding us the line and helping to pump Bytecoin. I really want to know, because this BCN business is getting rather deep in the muck.

Let’s dig a little deeper.

Who are the CryptoCoin Daddy people? The ones who broke the story or got paid to write it? I’m glad you asked. ScamAdviser.com is a great resource. They give it to you straight. So, what does it tell us about the “Daddy?”

As of today, CrpytoCoin Daddy is 57 days old. In other words, it’s still suckling. It shows that the site is in the United States, but ScamAdviser says, well, it’s in India – maybe. Why are they not sure? Maybe it’s because the website is labeled as “slow.” Slow, but popular.

Additionally, the registered email address is a “free” one. A business with a free email address? Okay, I use a free email, but my website email (one I don’t use) is a pay address. I’ll give them this.

And it’s not so much that I hate new websites. I think newbies with such popularity are awesome. What bothers me is the lack of research. There are no caveats here. No concerns about the underlying coin. But are they needed? Should a blog report the past? Should a news agency, if it were a legitimate one, cite the potential problems? Or – should they just take the payment and print the “news?” Does a purported news blog have to tell the whole truth or are they just information pushers?

Information without substance is noise, but even noise droning on long enough can appear to be true. It’s almost like hypnotism. Say it enough and let the blogs clone it enough – well then – it must have substance, right? No. Not at all.


Ominous Parallels

About one month after CryptoCoin Daddy made its debut, Jenny Goldberg appeared on Reddit here. Coincidence? A one month old Redditor being treated like a money goddess. Are people that gullible?

Just in case the Reddit goes missing, here is Jenny’s statement – from @BCN_Official – about one month ago:

Dear BCN community,

My name is Jenny Goldberg and I’m the official BCN community manager

From this moment on, the official Bytecoin team will be making an effort to be more transparent to the community. We’ve been following all the activity in the community and we know you’ve been waiting for us to make a public statement. We see that there are lots of questions and we are now here to answer.

But firstly let me express my gratitude to all those enthusiasts who have made such valuable contributions to the development of BCN. We are so grateful for all the work put in by @Leogheo and BFB program team, @kinlakinla for the Bytecoin info page, @GaboCarranza and @sydney40 for Bytecointalk activity, @july for the Telegram channel, @boomworking for help with the design and @Camilo_Gil for your sincere appeal to our team. Thanks to the entire community for your trust and support even when you didn’t hear from us. Only with your support we were able to keep up our strength and continue working.

Just a few words about our history, Bytecoin is the first coin developed under the cryptonote protocol, but due to the fragmented nature of the community, BCN was forked a million times. You know that sometimes we were criticized for “slow development”, but the truth is that when the others were spending time on marketing, we were putting all our effort into enhancing the already existing cryptocurrency ecosystem.

In any case, we’re still here and we’re looking to grow. We would like to invite the best cryptographers, developers, bright minds and passionate hearts to join our BCN team to create absolutely new and exciting developments – get ready for the BCN of the new era. To ensure our success in this new era, we’ll need to support and trust each other and make our community even stronger.

Starting now, we are open for communication. Feel free to share your thoughts, bugs and features with us. Please send all feedback to contact@bytecoin.org and we’ll get back to you asap. We will do our best to bring the best ideas to life.

Let’s start a new chapter of Bytecoin together!

I put this all here to have a record. I want to refer to it in a couple of months (probably just days) when all the Bytecoin investors (bag-holders) wake up broke.

And if I’m wrong? Heck, I’ll own up to it. (Just remind me.)


In Other News

Bitnewsbot.com also carried the same story that CryptoCoin Daddy offered about a week later. On August 30, 2017, they gave essentially the same report. Bitnewsbot.com is a whopping 139 days old, according the ScamAdviser.com. They are out of Cyprus.

Bitnewsbot.com cited their news source as: CoinReport.net. This website, again according to Scamadviser.com, is based in the U.S, but the owner’s location is “hidden.” At least it has a better reputation and is over three years old. But where did they get their news?

Could it be from Crypto Reader? I found a reference on Google to an article about the temples in question, but when I clicked I got the big “404 Error.” Same deal though. Hidden owner, maybe from abroad – meaning not in the U.S. A site about 106 days old.

And the story has now been cloned over and over.


The Goods

If this story turns out to be false or over-blown, I have taken the liberty to cite the main ones for reference later.

Here they are:

CryptoCoinDaddy.com

Bytecoin now accepted in Indian Temples: Bytecoin added as a donation method in the Indian Temples

Bytecoin BCN is the first crypto currency that is making its way in Temples in India. They are now happy to accept donations in Bytecoin. This started when the Sikh gurudwaras in major cities of India started accepting bytecoin. Report says that the temples are happy accepting the donations in bytecoin. The cash generally sits idle with them which served no purpose. Being a non-profit organization, the government prohibits them investing the donation funds. By making use of Bytecoin wallet, they can benefit from price increase.

ByteCoin is a cryptocurrency where transactions are impossible to traceback. It allows very fast international remittances worldwide and sender remains completely anonymous as well. Biggest benefit neither donor nor temple has to pay any charges on the transaction. Temples in India today simply generate a QR code for their wallet address and send it to their follower’s community using Whatsapp, Telegram, Facebook and other instant messenger applications. It is further shared and spread among the community members. Now donors can easily scan the QR code using their phones and in the blink of an eye can send donations to the temple. For centuries mankind has been associated with some or other religion. No matter what race, color or ethnicity a human being is born, his or her brain start learning the religion from the very moment when parents thank’s the god. Religion has developed a like a belief system and where human capabilities fail, they have the option to resort back to God or Allah or Bhagwaan.

Donations are equally important for any religion to survive and flourish as religion is to human beings and in last few months Hindu Temples in India have found out a way to accept donations from their domestic as well as international followers. “Gupt Daan” (Anonymous Donation) was already considered a supreme deed in Hindu religion and ByteCoin, one of the most secure and anonymous cryptocurrency is making it possible for followers to donate to the temples from anywhere.

There have been times in the past when temples were in the constant fight with the science. There has been blood shedding from the religious institutions to stop or halt the scientific advancements but today technology has emerged as the biggest support to these religious institutions. CryptoCurrencies like Bytecoin are not only amazingly cost effective and fast option to serve your belief but also do not allow the distance to be a barrier between God & Followers.

(Retrieved 8/31/2017)

Bitnewsbot.com
“Bytecoin” 30 Aug 2017

CoinReport Temples in India increasingly accepting bytecoin donations

Temples in India are increasingly accepting bytecoin (BCN) as donation, according to a press release CoinReport received from bytecoin’s team, which received the news from BCN’s Indian community manager, Pundit Pawan Sharma.

The trend started with gurudwaras, which are places of worship in the Sikhism religion, in the cities of Delhi, Cochin, Madurai and Amritsar, says the release.

Temples are reportedly happy to accept bytecoin donations because cash usually sits idle with them, and being not-for-profit organizations, they are prohibited by the government to invest the donated funds. Bytecoin carries a liberation, as even if the temples save it in their wallets, they will see the price rise as others trade the digital currency on exchanges.

The biggest benefit that donors as well as the temples receive is no charge on the transaction. All that temples must do is generate a QR code for their wallet address and send it to their followers’ community using Facebook, Telegram, WhatsApp and other instant messaging apps. Community members share and spread the QR code with more followers.

Bytecoin is a digital currency where transactions are impossible to trace back. It enables very fast international remittances the world over, with the sender staying completely anonymous. “Gupt Daan” (Anonymous Donation) is already considered a supreme deed in the Hindu religion.

Hinduism is the main and majority religion of India, with over 79.8% of the population identifying themselves as Hindu, that accounts for roughly 966 million Hindus in India as of the official 2011 census report.

Images via the Logo Page of Bytecoin’s website

Source link


Have a good day,

Jack Shorebird


P.S. For those of you leaving garbage responses, know that this is just a small blog. I don’t have many readers. I do this for fun and it sure is fun to watch your responses. The fact remains, however, when relatively new websites pop up — and I’ve been at this since Prodigy days, probably before most of you were born — to promote alleged news, Inquiring Minds want to know. That’s an inside joke. You probably don’t get it.

Bytecoin: The Cryptopia Delist

Why did the Cryptopia cryptocurrency exchange choose to delist Bytecoin (BCN), even after it surged in recent weeks? Don’t let the above picture give you any ideas. I am not saying that Cryptopia has a large stash of BCN and they are making off with it — since they can’t find the rightful owners. After all, abandoned property means “finders keepers” in the crypto-world, right?

The official explanation is:

Delist Notice – BCN

Due to an on-going issue of deposits being sent to Cryptopia without payment id, resulting in long delays for users or loss of coins, BCN is being delisted. Please withdrawal your BCN before 20/09/17

Published by: DaRoll @ 8/20/2017 11:30:01 AM

Okay, but that doesn’t seem rational. Many other CryptoNote based coins use the same method of depositing. They require a payment “ID” in addition to an address.

Boolberry (another CryptoNote derivative) is also being delisted at Cryptopia.

But what about Monero (XMR)? Will they be next on the chopping block? If Bytecoin deposits were creating a problem, would not Monero deposits create similar issues? Are Monero users savvier or is it simply a more trusted coin? I don’t think so. Even the Cryptopia blog/forum has threads from people having similar problems.

According to Cryptopia’s own policy, coins can be relisted, after having been delisted,

…provided the issue that was the reason for delisting has been addressed and the network can be synced.

The policy also states that “coins may face delisting” for several reasons:

  • Sufficient nodes are not maintained to keep the network synced and moving
  • A coinswap
  • Any network issues or bugs that could result in loss of user funds
  • Statements made by a coin or coin community that could bring the reputation of Cryptoipa [sic] into disrepute.

And there is a primary reason cryptocurrency exchanges are in business: money. If they cannot earn enough money, they shut down. If Bytecoin is a problem coin, it becomes a money drain. Based upon the official Cryptopia forum statement (above) Bytecoin is problematic for them.

Could the Cryptopia folks design their systems to assist BCN customers? Maybe. But why should they, if other coins are more profitable, more in demand, long term, and easier to deal with?

Will Cryptopia anger the BCN customer base by their actions, like Poloniex did? We know, after some months, Poloniex finally relisted BCN. So, why then, did Cryptopia delist now?

Clearly, there is something, besides the payment “ID” issue that is bothering Cryptopia. That is my opinion, but I’d sure like to have a fly on the wall at Cryptopia, after the recent Poloniex debacle.

There are the “sour grapes” folks as well. From Reddit:

BYTEcoin being Delisted on Cryptopia (self.BytecoinBCN)

submitted 12 hours ago by RightwayNZ: As of now you can no longer buy and sell BCN on www.cryptopia.co.nz; Not sure why because they stock a lot [sic] of sh*tcoins and I wouldn’t classify BCN as a “Sh*t coin”

[–]JR_216 3 points 11 hours ago: Old news. Cryptopia is kind of a sh*tty exchange as well. The community didn’t seem to care much when this was announced a couple weeks ago.

[–]Franzferdinan51 2 points 11 hours ago: Sh*t dumb move on their part

[–]propagandapalace 1 point 9 hours ago: Cryptopia has more currency and crypto pairings than any other exchange I can think of, but low volume, crappy customer service, and “dumb decisions” like this one, are why most people steer clear of it… They will come to regret letting BCN go…

Not all is well at Cryptopia, it seems. Bitcointalk.org has had a fair share of complaints from folks indicating that responses from the staff at Cryptopia were taking over a month. This does not bode well from a rather small exchange (by comparison) in New Zealand. Perhaps the best way to rid themselves of this negative community press, was to delist and seek the easy-to-use coins. Too much business too fast.

Is this what prompted the delistings of late?

Our team is proud to announce that we have launched full support for Cryptopia on Coinigy. While Cryptopia’s charts were already available on the platform, users can now attach API keys to track portfolio balances and trade through Coinigy.

The above is from here. Information that, as of August 12, 2017, Cryptopia was getting a new pal from America. Three days later Boolberry is delisted. Eight days later the announcement that BCN was out.

What does Coinigy do? It allows trading by customers over multiple exchanges at once. Great idea, right? So, what is the drawback? What problems might a New Zealand exchange have with an American company?

For one, compliance. All American companies must comply with related regulations from multiple agencies requiring the identification of coin holders.  Bytecoin’s main purpose is privacy. It is probably impossible to trace Bytecoin deposits and transfers, unless the coin holders supply that information.

If this is correct and Cryptopia is trying to put on a better face, they might soon abandon any coin allowing the level of security and privacy Bytecoin affords. Meaning Monero might be next. Coinigy could then be relied upon to handle the phone calls, texts, emails and complaints? Is Cryptopia hiring a well polished front man? You know, so they can concentrate on their main business.

If we can extrapolate from here, the movement from public coins, like bitcoin, to private coins with anonymous developers, like Bytecoin and Monero, answerable to no one – the centralized exchanges might need to comply with the ever-increasing pressure from the authorities to know their customers. We live in a “terrorist world,” after all and everyone is a suspect.

One option, if the private and secure cryptocurrencies are shunted off to the less trustworthy decentralized exchanges or the “wild west” of crypto-land, would be the adoption, by some country with strict privacy laws, of a cryptocurrency freedom code.

Although, there have been several attempts to utilize a cryptocurrency as money (currency) in various countries, these monies are tracked and regulated. China, that bastion of freedom, is allegedly preparing to launch a national cryptocurrency. This is just one example, but suffice to say, governments want to track your money and with public cryptocurrencies like bitcoin, it’s not a problem.

If regulators push the secure and private cryptos (Bytecoin, Monero, Aeon, Nav Coin etc.) into the black markets, they may be surprised when their values begin to soar. Not only might they create a wealthy criminal class, but solidify a crypto-substrate that will undoubtedly be used against them. Such a class of people the world might be better off without, if only the regulators allow us the freedom to manage and create our own currencies with no interference or spying on the innocents.

But this is a dream from a future century.


Note: There is more information about the Cryptopia BCN delist in my blog titled “Poloniex v. Cryptopia.”

Bytecoin: Don’t Mess with India


Playing With Fire

For those who follow the day-to-day docudrama that is Bytecoin, a CryptoNote derived cryptocurrency, it’s always great when the promoters get a little rankled around the collar. They play the victim even if many of us may refer to the “Bytecoin Scam.” Often becoming upset when the crypto-public asks a few relevant questions, like who they are or if they know anything about Bytecoin’s checkered past.

Let us focus on Bytecoin for a moment here. It’s the cryptocurrency of choice in India’s Temples these days, if we can believe the hype. And if this is true, it is probably an attempt by citizens in that country to retain their wealth. Recently their government announced that certain paper fiat currency bills were now worthless. But they gave the citizens plenty of time to convert larger denominations to lower ones. They gave them several hours. Thank you, Narendra Modi, you Grand Poobah Socialist, you.

Do you really think the average citizen in India is ready to get screwed by a bunch of crypto-jerks at Bytecoin.org after Modi bent them over?

Answer? Heck yes! Just go to Bytecoin.org.in and prepare to invest! And don’t worry about the Bytecoin delists. If Poloniex disables it again, I’m sure all will be well. And Cryptopia would never delist it. Just go to to the nearest empty Bytecoin faucet, read the boring entries in the Bytecoin Forum and feel good inside about your Bytecoin future. Bytecoin GPU or Bytecoin CPU miners welcome. Make sure to watch your graphs.

Forget Bytecoin history, just focus on the hashrate. Learn how to buy Bytecoins at your earliest opportunity. Make your Bytecoin investment today. Buy those Bytecoin logo T-Shirts and be the first on your street or in your tent, to hold Bytecoin long term.

Is Bytecoin legit you ask? Absolutely and not a soul in India would ever confuse it with bitcoin. No way. Just get your trusty Bytecoin mining calculators out. Look up the best Bytecoin mining pools. Buy the best Bytecoin mining hardware you can find. Keep up with all of the Bytecoin news and run your Bytecoin nodes. Set up your Bytecoin online wallet immediately. Keep an eye on those Bytecoin price predictions. Read your daily Bytecoin reviews. Know about Bytecoin solo mining. Burn that Bytecoin symbol into your skull. Make sure you do your Bytecoin Tweets. Make sure to check for Bytecoin updates and know about all the Bytecoin uses. Are there uses?

And always know in your heart, the Bytecoin value, even as it drops to zero. Even as the Bytecoin YouTube channel chats it up — pumps it madly.

Now back to the real world…

Community Manager Promo’s

The latest bitcointalk.org information from the purported Community Manager of Bytecoin or more specifically, from BCN_Official gives us some rather vague information:

Messages about a dev team require some clarification. Previously, it was reported that there were…4 full-time developers, freelance devs, cryptography expert a and a community manager.

Here, the sentence sort of dies. Given that statement, a reasonable person would ask if the original statement was false or unclear. If unclear, are we now receiving the clarification? So, there weren’t four full-timers etc.? Let’s move on. Surely, it becomes clearer.

There’s no “old” or “new” team at all, it’s not a relationships [sic] where you can have a lot of “ex” and “present”.

Do you understand now? There are no old or new team members, because there is/are no relationship(s). No relationships between members where you can even have “ex” and “present.” This is meaningless or lost in translation.

Bytecoin has a straight vector of development and none of those “old” and “new” once [sic] can change it.

Now we find that the old team and new team cannot change the “straight vector of development.” Why not? Isn’t there someone in charge of development? A vector can be a quantity having direction and magnitude. That is, if we are trying to determine a position of one point in space in relation to another point in space. It sounds fancy, but it’s pure snake oil.

To calm those of you who are still wondering about the team: we do cooperate with all of the previous devs and the main ones of them are still with us at a main cast.

Wait a minute. Why do we need to be calm? Have you ever told an irate person to calm down? What happens? They often become more belligerent. Implying that investors should calm down is ludicrous and unprofessional; and the Community Manager is a hack for stating it. It’s a way of belittling those who dare to ask questions and seek answers. “Just calm down, Chuck. Relax. Let us take care of your money…”

You just stated there are no old and new teams. You’re just one happy family now? If you, BCN_Official, still cooperate with them – the “previous devs and the main ones,” then who or whom is controlling what? How is this cooperation managed?

There’s nothing to worry about.

Spoken like a true charlatan. When anyone tells you there’s nothing to worry about, worry a lot. This kind of psychology may work for the masses, but not on anyone with their eyes open and their wallets closed.

Speaking about today’s temps of developing. Are those regular updates, releases and total quality of the project don’t prove the professional skills we have?

If there are such skills, where are the disinterested party code reviews? Releases of updates and such do not sit well when a project is founded in the way it was. In the manner, where all requests for clarity have been summarily ignored for years. Why would anyone buy a product developed in secret, released in an unverified manner and given a false mystery (Cicada 3301), which I believe Smooth has implied. Are we to ignore the past?

Please, don’t spread the panic, we’re working every damn day to make BCN better than yesterday. And the results of the last two months are reflecting our efforts.

No rational person ought to beg. Why on earth should we not spread the truth?

The Problem:

  • We don’t even know the truth
  • We don’t know when Bytecoin (BCN) was invented
  • We don’t know why the white papers were purposely pre-dated
  • We are concerned that a few big bag holders have about 80% of BCN
  • We wonder why Bytecoin has adopted Monero upgrades
  • We are worried when and if BCN becomes valuable that the newest team won’t retire to the beach and let the coin die — again
  • We don’t know how long this latest BCN revival will last

Another Word from Our Sponsor:

Then there is this part of BCN_Official’s blurb that is most troubling:

I think there’s no need to continue this discussion – there’ll always be some guys who wanna hate. We’ve got no time to pay attention on ‘em, we have to focus on the further development.

It tells me that we don’t matter. It also tells me that “Jenny” is scared. That she or they are now milking India and will soon disappear. I hope not. I sincerely hope Bytecoin.org does not have the gall to once again flake out.

Don’t Mess With India

Those guys and gals from from India are pretty sharp. Last I checked, they were not as enslaved as the Chinese and there are over 1.3 billion citizens of India. I’ll wager that there are more Indians with computer skills than the rest of the world combined. I wouldn’t screw with them. You will be found if you dare unload on a nation of computer nerds.

Now we play the waiting game. See if “Jenny” – BCN_Official or one of the other sock-puppets has the desire to continue the charade. A dangerous game now — IMO.

P.S. If you need a secure private crypto I suggest Monero or Aeon. Zcash and Nav Coin both have “developer” weakness. Meaning, the .govs can squeeze the human devs for info. Monero only has one known public person who can essentially be untied from the coin as necessary. Aeon has no public “weakness.”

Update:

Some have questioned where I obtained the news that temples in India now accept Bytecoin. Well, here are a few sources:

 


 

The Little Fiefdoms of Smear


First of all, to all you wingnuts out there, take a breather. Go toke one. This is for the working Americans out there who give a crap. If you think your neck of the woods is crème de la crème, go soak your missing handgun in it.

Secondly, communists, socialists, Nazis, pansies and other wackos, slave-makers and dirt-bags, you are welcome to peruse and pop a blood vessel. Why? Because this post is full of radical ideas. It’s call free speech and you are welcome to try and snuff it out.

As a matter of fact, I think a gaggle of wannabe freedom wreckers are already pecking away at their keyboards, presently. I can almost hear them now.

“You mother blanker, I’ll call my congressman.”

“I’ll write an email to WordPress.”

“I’ll hire an out-of-work attorney.”

“I’ll call my mother.”

“I’ll get my gang of ex-con Nazi skin head tattooed former union thug followers to crush you!”

This is not my standard post. So scrap it and read some good stuff. Some other trash. Soak your brains in it and your low parts, with perfume and sawdust for all I care. Because that’s what we see today. So much stuff — and that’s the nice word.

But you know the word(s) I’m fricking thinking about, don’t you? Just pick one or two. Draw it on your forehead with your wife’s lipstick or your man’s rouge, so you can reverse read it in your bathroom mirror later, after your toddy.

“! H S A R T”

Just so we can have some fun and get around the anus censors. For those of you who gossip and have those picnics under the “chem trails” —

! o u y  k c u F

Now, I realize that I will likely spark a bit of bible thunder, but at the same time, I don’t give a blank.

Today’s news and opinion isn’t about cryptocurrencies, although for those of you who have been holding Ripple for a long time — a love-hate relationship for me — congratulations, your ship came in, floated for a bit then took a crap again. But that’s how Ripple rolls. Get over it.

Bloggers who tilt at Windmills

No, this post is about “Little Fiefdoms” or the bloggers who tilt at windmills and rant at the moon. Then take a huge stinking crapola, behind all the pretty little sand castles. We’ve all seen them – smelled them. They litter the net like so much garbage. Words to smear and anger, but little substance. A blemish upon the freedom of speech, but one that should never be silenced. That is the evil game of the “Little Kings.” Crapola kings and their sweet honey-bee queen followers.

It is a unique environment to be sure. From the days I blogged on Prodigy , got censored, or the months I puked my junk all over the Bulletin Boards, until now. Until just a few days ago, after I received a response to one of my replies I posted to a blog about…well about a lot of things. Some of it good and much of it, filled with vitriol. I was advised that if I continued to speak my mind, my responses would be deleted. Oh, you can imagine my balls then, can’t you? The little queen bee was gonna pull my response.

It’s a gem of a response — but also a measurement. A way of taking the temperature of a fevered patient and know when he/she is sick. And this patient? On the brink of reason, but never quite adapting to the human form. In short, sick in the philosophy.

The Deleted Minds

I asked the blogger in question to delete all of my comments. I’ve deleted garbage from my posts as well. You know the spam we receive. Loads of it. Idiots smearing. Jerks, probably high or drunk. Racists, socialists, people who forgot to take their meds. We know.

It was…hilarious. It is always that way. I imagine a person, frustrated about life and politics, blaming everyone around them, especially their own countrymen, that all of the problems would go away if only the US would be more like France or perhaps Canada — less free — more socialist. Less “provincial.” As if we Americans are perfect. That we think we are so good. Better to just roll over all the way and be gutted like Venezuela. Well, screw you. Some of us tree-burners would rather stick a Prius up your ass and send you packing to Mexico. I know I would – if it was legal – or if you, say, broke my computer.

We know we are not perfect. Our Constitution is not perfect. My privates are not perfect. We are over-taxed. Too many people are in prison. But we still have our handguns. We can still hold our gold and silver. We haven’t had a serious terrorist incident in a long time. Perfect? No. But better? You think not? Then take your overfed American ass to Russia. Get on a bus – we are not stopping you – and haul ass to Canada – the land of free medical and taxes that will make you crap your panties – because all men in Canada wear panties – no balls.

The Greatest Country?

And I’m not saying the US is the greatest country on earth. It’s just the least screwed up. I’d move in a heart beat, if you can tell me about a single country where I can carry a handgun in public, am protected (hopefully) by nukes and an army, I can drive thousands of miles across country, with no “papers” and I can still choose a private doctor. And just maybe, I can see the day when Obamacare is repealed.

I’m waiting. Where is this awesome place? You know where it is? In Hollywood – at the movies. It’s in your Crack Dens’ and Meth Labs. It does not exist.

Where is this fairy tale place? Where everyone lives in harmony, never argues, pays low taxes, eats only vegetables, drinks fine wine, doesn’t need a gun, because there is no crime, ever? Where healthcare is free and bums never sleep in the gutters? Where terrorists don’t drive trucks into crowds of people? Where you are not told to shut your mouth, lest you anger the Ministry of Truth in modern day — Germany?  Wow. Hitler reborn.

The Objective

You see, I’m as opinionated as the next person, but I refrain from smearing. I have fun and I’m sure I will turn some of you off by my apparently Republican stance, but I’m not a Republican. I’m what is called an “Objectivist.” Have been since I was about 10, just after I found out about Santa Claus. And that really sucked. I mean, I really liked that guy and then the bomb drops. He was a fantasy. Never looked at another Christmas ornament the same way again, but the magic never left.

Since then, perhaps to the consternation of religious and socialists and anuses alike (they are all one and the same), I have required only one test to determine the solution to a problem: thinking. If you are unwilling to defend your idea, plum its core, face the music — however you define it — then go cry in the corner. Stand up and take it. No safe spaces. No free lunches. No crap.

A Capacity to Reason

Many of the bloggers about, do not exercise their capacity to reason and I am by no means an olympic challenger, but the quality of posts which fill the internet are much like the words hacked out of long dead soldiers. Until I can no longer peck away at these plastic keys, I will challenge, what I believe is philosophical garbage. Trash heaped high on the dead, with little respect for why or how they died.

Now, did our forefathers and grandfathers all die making us freer? Of course not. That’s not my point. Our world is not perfect. Many nations — many peoples — fought hard against despotism. Millions are buried and forgotten. Millions. So, if you talk trash, I’ll burn it. If you spew Nazi garbage or want a Ministry of Truth – you are garbage.

Any idea that heads us in that direction ought to be challenged. Ideas like having made a bad choice in the past and ending up in America — where you do not live on the backs of others as much as say, the Canadians. Regrets that other countries are better. F-ing leave, if you think that everyone must wear financial chains, so you can watch porn.

Why are you here…still?

Simple question. Why are you here? There are no fences keeping you in. And I wish that we did not have Social Security, so you would stop being the leeches you are. You have no right to force others to pay your way. There is no Social Security Trust Fund. There is no money. We are paying you directly — against our will. What is that called? It is called slavery. No, not physical chains, just financial ones. Which ones are more honest?

And why did you not save for your own retirement? When will dinosaurs like you become extinct? When will we be able to show our children your bones and point, “Yes, son, these were a people who were part of the Second Stage of Slavery — economic slavery — until they learned that all forms of slavery were wrong.” The little boy, about six, looks up, “boy dad, people were so stupid back then…”

The Words of War

This is the first area where wars are fought. Words. We have unleashed the war of ideas now, like Pandora’s box. Failure to respond to dead lies, is losing by default. Little by little the leeches win. The idea slavers win. Speak your mind. Screw them.

I say smack away at the misquotes of hate. Make them rue the day they found their way back from the swamps. If someone tells you, as an American (say some foolish Aussie and I know some smarter ones from down under) that human rights don’t exist, let loose the mouth of honesty. Oh, how the criminal minds hate that. How they beg you to stop the reality show. How they “delete” you rather the “debate” you. Castles in the sand. Reality, they say, is range of the moment. Cerebral bankruptcy.

And that’s the rub. Why do they — the bad bloggers on the net — wish to live off the labor of others — the backs of others? To exist in that law-of-the-jungle system, where the guy or gal with the most power wins? Where might, equals power over others? Then have the audacity to call it civilized?

They, the bloggers of low-think, use one of two techniques: Faith or force. Believe in God or Allah or the local deity [insert name here] or you are evil or misled. Force. Force everyone to bend to your will in order to create a fiefdom of serfs, lords and kings. The proverbial, ant pile.

Even bloggers are want of the history book and mind.

(Oh, and don’t blame government-public-schools — blame mother and father and yourself for not having the desire to know what the heck is going on around you. Crack a book. Turn on your ebook. Schools don’t make idiots, it’s the other way around.)

Have a nice F-ing night, pansies.

Jack Shorebird


 

Bitcoin Cash and the Snake


So, I wake up at five, walk the dog, find a snake at my front door, which is why the dog won’t come inside now. I realize that I’ve crushed the snake when I opened the door and now the door is jammed open. I’m glad it was a snake actually, because at first I thought the door was all jinked up from the rain we’ve been having. It rains a lot in the summer in Florida. You can set your watch by it, but I haven’t worn one in years.

My wife is deathly afraid of snakes and so is the dog. Yochi, he’s half Chihuahua and half Yorkie, a big baby, and is not so stupid. He has warned me about snakes before. Barked and circled like a maniac. If he thought it was a lizard, well, all bets would be off.

This time he was saying, “hey man, I can’t come in right now, because, well, if you turn the porch light on, you will see this snake and he looks mad; and don’t worry, the neighbors aren’t awake and they won’t see you in your underwear. But before I come in, you need to remove that thing from under the door, capisce? And you know, I can’t bark right now because I will wake up the neighbors and that insane lady across the street will start cursing and screaming and hitting herself in the head with her fist and then I might roll over and pee myself. You know how I get confused.”

Next time I give you permission to bark at five in the morning, but only in emergency situations.

I try to work the snake out by moving the door back and forth, but I had already crushed him before I realized he was even there. Sorry snake. But I hate snakes as well. No hard feelings. Eventually I grab a fork and worked him out.

I took a photo of the snake, but he or she, is too mangled to display here. Orange and white splotches, black and white banded belly, about two feet long and half an inch thick. Just a baby. The head is too crushed to identify. Now he sleeps with the fish. In the lake — literally. (The photo above may be one of his buddies.)

Anyway, when I got up my brain was already saying that it was time to get a new mattress or maybe you hurt your back yanking that bush out yesterday. Then it shifted to twirling investments and not of the standard mold. I have a problem. I’m excited about the future of finance. Fintech and not snakes.

Then the snake sort of derailed that.

I mean, I have a few years experience in the real investment world and even educated myself professionally. And I hated most of it, especially taxes. So I stuck with law enforcement after college. Then I retired a few years ago. Well, sort of retired.

Now I live in snake land.

These days, as you might have noticed, I watch cryptocurrencies. Bitcoin and family. And I do yard work, with the snakes, red ants, other insects that bite the crap out of you, a sun that is too darned hot and a lake that is beautiful. And I come up here to my den and type words on this screen. Maybe do a little trading.

Bitcoin Cash is really irking me though. I think it might be a snake. I did not expect it to be at $600 this morning. As I look now, it’s over $800. I had hoped it would pop. But it has refused to die. Apparently it’s more economical than old bitcoin. I really hope this does not end badly, because I could no longer resist the pull.

Don’t get me wrong. I fought it like any gambler would. I ignored it. Watched as bitcoin original struggled, as Ethereum is taking a beating, as Ripple drips and as Iota — I warned them — has lost a good chunk of value over the last few days.

But I don’t believe in omens. Killing a snake under my front door, in the dark, did not convince me to buy Bitcoin Cash. I awoke with that decision. Usually, those are my best ones. Maybe the snake was trying to distract me?

But, in the end, the giant vacuum cleaner has sucked up some of my funds. Some. Maybe I will be punished. So be it. I have strayed from the flock, Oh Lord. But I feel good about it a this moment.

Tomorrow, when I’m at the bowling alley for a birthday party, rubbing my arthritic knuckles and maybe having one or two beers  — at my age — I may be in a bad mood. Maybe the Chinese will be laughing over their American profits, but I don’t get that impression — yet.

And that’s why I wrote this. At times I need to take risks. That snake this morning was not poisonous. But I’ve run into a few bad cryptos out here.

That reminds me, I need to stop wearing flip flops and shorts out here. One of these days I might get bitten, but not so far.

And how high will Bitcoin Cash go? I think, right at this moment, it will blow past bitcoin very soon and leave everyone stunned. But, well, maybe not.

Incidentally, it was an Eastern Corn Snake.

Update: I think Jihan Wu likes Bitcoin Cash.

Have a good day.

Jack Shorebird.