16 Exchanges To Buy Bitcoin In Ecuador (2020)

Why did I build AmputatorBot?

Why did I build AmputatorBot?
AmputatorBot.com | Remove AMP from URLs in just one click! - More info
Open-sourced on GitHub - More info
Summon AmputatorBot by mentioning it like this: u/AmputatorBot

Why AMP is a threat to the Open Web

What is AMP?
AMP is an open-source web component framework developed by the AMP Open Source Project, first announced by Google in 2015 as a reaction to Facebook’s Instant Articles and Apple News. While it was originally aimed at accelerating mobile pages (hence AMP), it’s now a much broader project aimed at improving the UX of websites, stories, ads and mail. The AMP framework consists of three components: AMP HTML, which is standard HTML markup with web components; AMP JavaScript, which manages resource loading; and AMP caches, which serves and validates AMP pages.
In plain English: AMP is Google’s attempt at making pages (and more) faster. They did a good job, pages built with the AMP framework will normally load faster. However, as this article explains, you won’t notice much of a difference unless the AMP library is served using the AMP cache, but more on that later.
The controversies with cached AMP pages
The AMP format is itself not much of a problem. In fact, we should applaud search engines that give ranking preference to fast-loading pages like AMP, but four aspects of its implementation are flawed:
  1. Google mobile Search’s Top Stories carousel has a premium position above of all other results, which is only accessible for AMP pages. These pages have to use a technology that was build and maintained mostly by Google (of the top 10 contributors to the AMP project on GitHub, 9 are Google employees), are then served by Google from their infrastructure and placed within a Google controlled user experience. And since this carousel generates a lot of clicks and revenue, publishers are left no choice but to embrace AMP. This has the effect of further reinforcing Google’s dominance of the Web. Fortunately, Google has announced that it's working on opening up the Top Stories carousel to non-AMP pages in 2021.
  2. The biggest performance boost doesn’t come from the AMP framework, but from preloading the page. It begs the question: Should preloading really be exclusive to AMP? They could introduce a way for publishers to allow or disallow preloading and if Google sees fit, they could preload those pages too, alongside AMP.
  3. When a user navigates from Google to a piece of content Google has recommended (or when a user clicks on a shared cached AMP link), they are, unwittingly, remaining within Google’s ecosystem and the publisher’s domain is obscured by the google.com/amp prefix. To work around this Google introduced Signed HTTP Exchanges ([Draft], [1], [2]), a web-standard that allows the browser to display the original site's URL, instead of the actual one (the one with the google.com/prefix). This would solve the original issue, but while doing so it introduced new ones (e.g. it obfuscates the fact that they're delivering the AMP page you're visiting). Interestingly enough, Google's Chrome already has support for this technology, but parties not involved with AMP are not so enthusiastic: Mozilla has deemed it a harmful web standard [2], and Apple has taken a similar stance.
  4. Google’s entire business model is about collecting as much personal data as possible, AMP is just another tool to do so. As described in Google’s Support article:
“When you use the Google AMP Viewer, Google and the publisher that made the AMP page may each collect data about you.”
The controversies with non-cached AMP pages
To be clear, the above flaws are only with AMP pages cached by Google (or another party like Bing or Cloudflare) but there are also plenty of pages simply utilizing the AMP framework, recognized by URLs such as bbc.com/news/amp/. However, these are also problematic, mainly because there's only a small performance improvement when AMP pages aren't cached and AMP pages tend to be less feature-rich and less diverse than their originals. And in some edge cases, it breaks stuff.
One could argue that the more popular the AMP framework becomes, the more AMP threatens the open web. That said, it should be clear that the biggest problem lies with the cached AMP pages.
AMP is open source, but that doesn't make it holy. Or as Ferdy Christant puts it quite nicely in his blog:
Google’s main defense is that AMP is open source. Which isn’t just a weak defense, it’s no defense at all. I can open source a plan for genocide. The term “open source” is meaningless if the thing that is open source is harmful.
Just so we’re clear, I’m not claiming Google or the AMP project is evil (hell, they might even have good intentions!), but the fact is that AMP and it's implementation have some major flaws that threaten the Open Web. And as long as that's the case, AmputatorBot will be there to remove AMP from your URLs.
AmputatorBot scans for AMP pages on Reddit and replies with the canonical version
Learn more
Up next for the nerds among us:
  • AmputatorBot.com
  • Automatic working subreddits
  • Non-working subreddits
  • Changelog
  • Opt-out & opt-back-in
  • Browser extension
  • Support the project by donating, giving feedback, summoning the bot or spreading the word

AmputatorBot.com

Remove AMP in just one click with www.AmputatorBot.com! This is a free online tool (no ads) to remove AMP from your URLs. All you have to do is to copy paste an AMP URL, click the conversion-button and that's all! For more (background) info, check out this post. Here's a quick (no but literally) demo:
A demo of the AMP-removal process over at AmputatorBot.com
Alternatively, you can do it even quicker by doing this:
https://amputatorbot.com/?https://www.google.com/amp/s/electrek.co/2018/06/19/tesla-model-3-assembly-line-inside-tent-elon-musk/amp/
It's build up like this:
https://amputatorbot.com + /? + https://www.google.com/amp/s/electrek.co/2018/06/19/tesla-model-3-assembly-line-inside-tent-elon-musk/amp/

Automatic working subreddits

u/amputatorbot currently works automatically in a select number of subreddits: Afghanistan, Africa, against5G, againstRFID, amputatorbot, anime_titties, Argentina, Assyria, Azerbaijan, Bangladesh, Bosnia, Brasil, Bulgaria, Business, CenturyClubStairs, Chile, Chodi, chrome, Colombia, conspiracy, CorpFree, cyberpunk, Cuba, DeAmazon, DebunkThis, DeFacebook, deGoogle, deMicrosoft, economy, Ecuador, entertainment, Environment, europe, Europe, europrivacy, FakeNews, Features, Fijian, firefox, France, freesoftware, gamernews, Germany, Greece, Guyana, hacking, helpmefind, hockey, HumanRights, Hungary, ID_news, indiaspeaks, initFreedom, Iranian, Iraq, Israel, Italy, Kazakhstan, Kerala, Kurdistan, LeopardsAteMyFace, LevantineWar, MachineLearning, Malaysia, Mexico, MiddleEastNews, MideastPeace, Moldova, Nepal, NewsOfTheWeird, Nicaragua, NorthKoreaNews, Oceania, OnGuardForThee, Pakistan, Palestine, pcgaming, PeerTube, Philippines, Piracy, Poland, praisetheeditor, privacy, PuertoRico, robotics, Russia, Scotland, security, selfhosted, seo, Serbia, singapore, socialism, spacex, Spain, suckless, Switzerland, Syria, tech, technology, TechnologyDetox, test, TrueCrime, TrueCrimeDiscussion, TrueReddit, Turkey, Turkey, Ukraina, Ukraine, UkrainianConflict, UnresolvedMysteries, upliftingnews, Uruguay, USA, Venezuela, web_design, Westpapua, whatisthisthing, worldnews, Yemen and YemeniCrisis.
Feel free to hit me up with suggestions for subreddits to add!
You can summon the bot almost everywhere else by typing: u/AmputatorBot, more info here.

Non-working subreddits

AmputatorBot doesn't work in these subreddits android, androiddev, armenia, AskHistorians, askscience, AskScienceDiscussion, audio, australia, awfuleverything, bayarea, beer, belgium, bitcoin, books, canada, CanadaPolitics, cars, CCW, childfree, China, collapse, conservative, Cringetopia, croatia, CryptoCurrency, DataHoarder, disneyvacation, economics, ELI5, facepalm, flying, Futurology, gadgets, Games, gaming, gatesopencomeonin, geopolitics, Georgia, GlobalTalk, google, history, India, insaneparents, insanepeoplefacebook, instantkarma, iphone, iran, ireland, kitchener, korea, meme, moviedetails, movies, news, newzealand, nextfuckinglevel, nottheonion, oklahoma, pcmasterrace, Pete_Buttigieg, Philosophy, pihole, PoliticalDiscussion, politics, popheads, programming, raisedbynarcissists, rareinsults, Romania, science, SeattleWA, Sikh, SouthAfrica, space, survivor, television, Thailand, thenetherlands, TikTokCringe, TIL_Uncensored, todayilearned, trashy, tumblr, TwoXChromosomes, ukpolitics, unitedkingdom, unpopularopinion, USANews, warplaneporn, WatchPeopleDieInside, wellthatsucks, whatcouldgowrong, worldevents, worldpolitics, YouShouldKnow and almost all subreddits moderated by u/BotDefense or u/BotTerminator for diverse reasons. When you summon the bot there, you'll receive a DM with the canonical URL instead.p
If you're moderating a subreddit that is incorrectly listed here or if you would like AmputatorBot to work in your subreddit that's using u/BotDefense or u/BotTerminator please contact me.

Changelog

Check out the changelog here. Latest update: 22/08/2020

Opt out & opt back in

The bot works automatically in the subreddits mentioned above and manually using mentions.
Opt out: If you want to prevent the bot from replying to your comments and submissions, click here to opt out.
Opt back in: Did you opt-out and regret it? NP! Click here to opt back in.
Note: If you want to opt out from AmputatorBot on Twitter, please contact me or block it.

Browser-extension

Check out this browser-extension by Daniel Aleksandersen: 'Redirect AMP to HTML', it makes it that every time you click an AMP page, you will be redirected to the canonical page instead. In other words, it does the the same as u/AmputatorBot and AmputatorBot.com, but fully automatic. I can't recommend this one enough!

Support the project

.. By summoning the bot: If you've spotted an AMP URL on Reddit and u/AmputatorBot seems absent, you can summon the bot by mentioning u/AmputatorBot in a reply to the comment or submission containing the AMP URL. You'll receive a confirmation through PM. For more details, check out this post!
.. By giving feedback: Most of the new features were made after suggestions from you guys, so hit me up if you have any feedback! You can contact me on Reddit, fill an issue or make a pull request.
.. By sponsoring: The bot and website cost approximately €8.26 a month to host and while that might not seem like much, it adds up. All donations will be used ONLY to pay for hosting. You can specify any amount you want, but please keep in mind that I only want to try to cover some of the costs. Thank you so much! - https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=EU6ZFKTVT9VH2
.. By spreading the word: In the end, the only goal of AmputatorBot is to allow people to have an informed choice. You can help by spreading the word in whatever way you deem the most appropriate.

From the bottom of my heart, thank you so much for the tremendous support you've given me and AmputatorBot <3

https://preview.redd.it/fzhy8jedu6e51.png?width=3890&format=png&auto=webp&s=581561e0e267bb53ee3961a5e894633f8d6ff73f
submitted by Killed_Mufasa to AmputatorBot [link] [comments]

03-02 09:24 - 'LA LA LAND' (self.Bitcoin) by /u/SAT0SHl removed from /r/Bitcoin within 30-40min

'''
Good morning Bitcoin Land ;-)
🎶"I don't like Mondays tell me more"🎶,
Ok! It should be crystal clear even to the most subservient minion, that this is more than a touch of FLU 🤒 and we appear to be in, the beginning of a Pandemic 😷
I know your illustrious leaders and the Orange man said not to worry, even those at the "WHO" said it was just a wee contagion... but the BATCat is out of the bag, and Captain Trips is not playing.
So i hope you have been "Stacking $ats" I really do! remember every little helps. In fact that smoke you see rising in the distance is the Legacy Stock Market
In addition to "Stacking $ats" I had to get a few more provisions in before the rush starts 🛒🛒.
The Central Banks & FED's only option will be to print and pump trillions of FIAT, in an attempt to stimulate the reality of what you can all see.
The buy pressure for Bitcoin is acute, and the exchanges cannot suppress the "Honey Badger" much longer.
I won't tell you in this post what will happen in consequence to the printing "too long" , all i can say is "Stack some more $ats" and "Beware the Ides of March"
"Remember" The Corona Virus lingers on the surface of cash coins/notes .......don't touch money or ATM keyboards without gloves.
Meanwhile in LA LA Land There are currently 89,068 confirmed cases worldwide, including 3,045 fatalities.
First cases in Dominican Republic, Czech Republic and Ireland.
First coronavirus case confirmed in New York City. Washington state reports 4 new cases including 1 new death, in King County. 2 new cases confirmed in California.
Berlin reports first case.
Italy reports 42% jump in cases overnight to nearly 1,700
Indonesia reports first cases of Covid-19.
New coronavirus cases jump sharply around the globe many infected countries reporting more cases.
MotoGP of Qatar has been canceled due to coronavirus.
Turkish Airlines cancels all Italy flights.
France shuts down Louvre. 30 new cases in France, raising total to 130.
American Airlines suspending all flights to and from Milan untill 25 April.
Juventus quarantines U23 squad.
Armenia closing schools for a week.
British citizens and some diplomatic staff have been evacuated from the UK's embassy in Tehran.
Morocco will postpone sports and cultural events.
Panic buying in supermarkets.
Countries reporting first cases: Armenia, Ireland, Luxembourg, Ecuador, Qatar, Monaco, Iceland, Azerbaijan, Wales, Belarus, Mexico, San Marino, Lithuania and Nigeria.
First U.S death from Covid19. New cases in California, Illinois, Oregon, and Washington State (total 69). Governor of Washington State declares state of emergency.
U.S. will deny entry to any foreigner who has been in Iran in the prior 14 days.
Cases in Italy doubled in 2 days, 1.129 infections - 29 deaths. S.Korea 3.526 - 17. Iran 593 - 43 deaths.
First deaths in Thailand and Australia. UK reports its first case of human-to-human transmission.
Kuwait calls on its citizens to avoid travelling out of the country.
Kenya suspends all flights from China.
Australia bars travellers from Iran.
Lebanon closes schools across the country for at least 1 week.
Hyundai halted production at one of its factories in South Korea’s Ulsan after one worker tested positive for the coronavirus.
At least 210 people in Iran are believed to have died of coronavirus, according to the BBC, citing hospital sources.
38% of Americans wouldn't buy Corona beer because of the coronavirus.
FDA announces first drug shortage due to supply chain disruption.
Coronavirus reappears in discharged patients.
Mongolian President quarantined after 1-day visit to China after donating 30.000 sheeps.
WHO raises global risk level to 'very high'.
France bans large gatherings.
Stock markets lost $6 trillion.
'''
LA LA LAND
Go1dfish undelete link
unreddit undelete link
Author: SAT0SHl
submitted by removalbot to removalbot [link] [comments]

Is bitcoin Legal?

Is bitcoin legal or not vary from country to country, However bitcoin is yet not accepted as legal tender in any country
Legal tender is defined as a currency like dollor, euro etc which are widely accepted and properly regulated by the world banks and Governments around the world
Bitcoin cryptocurrency is not accepted as a legal tender anywhere in the world yet in many countries bitcoin is legal to be used as a payment option if both parties agree to make their transaction in Bitcoin
Countries where bitcoin is legal are
· The United States
· Canada
· Australia
· The European Union
· Japan
· South Korea
Countries that say no to bitcoin are
· China
· India
· Russia
· Vietnam
· Columbia
· Ecuador
submitted by jakkkmotivator to thecryptobasic [link] [comments]

US Economic Warfare and Likely Foreign Defenses – by Michael Hudson • 23 July 2019

https://outline.com/VM2DEM • 5,400 Words •
Today’s world is at war on many fronts. The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that refrain from giving its companies control of their economic surpluses. Countries that do not give the United States control of their oil and financial sectors or privatize their key sectors are being isolated by the United States imposing trade sanctions and unilateral tariffs giving special advantages to U.S. producers in violation of free trade agreements with European, Asian and other countries.
This global fracture has an increasingly military cast. U.S. officials justify tariffs and import quotas illegal under WTO rules on “national security” grounds, claiming that the United States can do whatever it wants as the world’s “exceptional” nation. U.S. officials explain that this means that their nation is not obliged to adhere to international agreements or even to its own treaties and promises. This allegedly sovereign right to ignore on its international agreements was made explicit after Bill Clinton and his Secretary of State Madeline Albright broke the promise by President George Bush and Secretary of State James Baker that NATO would not expand eastward after 1991. (“You didn’t get it in writing,” was the U.S. response to the verbal agreements that were made.)
Likewise, the Trump administration repudiated the multilateral Iranian nuclear agreement signed by the Obama administration, and is escalating warfare with its proxy armies in the Near East. U.S. politicians are waging a New Cold War against Russia, China, Iran, and oil-exporting countries that the United States is seeking to isolate if cannot control their governments, central bank and foreign diplomacy.
The international framework that originally seemed equitable was pro-U.S. from the outset. In 1945 this was seen as a natural result of the fact that the U.S. economy was the least war-damaged and held by far most of the world’s monetary gold. Still, the postwar trade and financial framework was ostensibly set up on fair and equitable international principles. Other countries were expected to recover and grow, creating diplomatic, financial and trade parity with each other.
But the past decade has seen U.S. diplomacy become one-sided in turning the International Monetary Fund (IMF), World Bank, SWIFT bank-clearing system and world trade into an asymmetrically exploitative system. This unilateral U.S.-centered array of institutions is coming to be widely seen not only as unfair, but as blocking the progress of other countries whose growth and prosperity is seen by U.S. foreign policy as a threat to unilateral U.S. hegemony. What began as an ostensibly international order to promote peaceful prosperity has turned increasingly into an extension of U.S. nationalism, predatory rent-extraction and a more dangerous military confrontation.
Deterioration of international diplomacy into a more nakedly explicit pro-U.S. financial, trade and military aggression was implicit in the way in which economic diplomacy was shaped when the United Nations, IMF and World Bank were shaped mainly by U.S. economic strategists. Their economic belligerence is driving countries to withdraw from the global financial and trade order that has been turned into a New Cold War vehicle to impose unilateral U.S. hegemony. Nationalistic reactions are consolidating into new economic and political alliances from Europe to Asia.
We are still mired in the Oil War that escalated in 2003 with the invasion of Iraq, which quickly spread to Libya and Syria. American foreign policy has long been based largely on control of oil. This has led the United States to oppose the Paris accords to stem global warming. Its aim is to give U.S. officials the power to impose energy sanctions forcing other countries to “freeze in the dark” if they do not follow U.S. leadership.
To expand its oil monopoly, America is pressuring Europe to oppose the Nordstream II gas pipeline from Russia, claiming that this would make Germany and other countries dependent on Russia instead of on U.S. liquified natural gas (LNG). Likewise, American oil diplomacy has imposed unilateral sanctions against Iranian oil exports, until such time as a regime change opens up that country’s oil reserves to U.S., French, British and other allied oil majors.
U.S. control of dollarized money and credit is critical to this hegemony. As Congressman Brad Sherman of Los Angeles told a House Financial Services Committee hearing on May 9, 2019: “An awful lot of our international power comes from the fact that the U.S. dollar is the standard unit of international finance and transactions. Clearing through the New York Fed is critical for major oil and other transactions. It is the announced purpose of the supporters of cryptocurrency to take that power away from us, to put us in a position where the most significant sanctions we have against Iran, for example, would become irrelevant.”[1]
The U.S. aim is to keep the dollar as the transactions currency for world trade, savings, central bank reserves and international lending. This monopoly status enables the U.S. Treasury and State Department to disrupt the financial payments system and trade for countries with which the United States is at economic or outright military war.
Russian President Vladimir Putin quickly responded by describing how “the degeneration of the universalist globalization model [is] turning into a parody, a caricature of itself, where common international rules are replaced with the laws… of one country.”[2] That is the trajectory on which this deterioration of formerly open international trade and finance is now moving. It has been building up for a decade. On June 5, 2009, then-Russian President Dmitry Medvedev cited this same disruptive U.S. dynamic at work in the wake of the U.S. junk mortgage and bank fraud crisis.
Those whose job it was to forecast events … were not ready for the depth of the crisis and turned out to be too rigid, unwieldy and slow in their response. The international financial organisations – and I think we need to state this up front and not try to hide it – were not up to their responsibilities, as has been said quite unambiguously at a number of major international events such as the two recent G20 summits of the world’s largest economies.
Furthermore, we have had confirmation that our pre-crisis analysis of global economic trends and the global economic system were correct. The artificially maintained uni-polar system and preservation of monopolies in key global economic sectors are root causes of the crisis. One big centre of consumption, financed by a growing deficit, and thus growing debts, one formerly strong reserve currency, and one dominant system of assessing assets and risks – these are all factors that led to an overall drop in the quality of regulation and the economic justification of assessments made, including assessments of macroeconomic policy. As a result, there was no avoiding a global crisis.[3]
That crisis is what is now causing today’s break in global trade and payments.
Warfare on many fronts, with Dollarization being the main arena
Dissolution of the Soviet Union 1991 did not bring the disarmament that was widely expected. U.S. leadership celebrated the Soviet demise as signaling the end of foreign opposition to U.S.-sponsored neoliberalism and even as the End of History. NATO expanded to encircle Russia and sponsored “color revolutions” from Georgia to Ukraine, while carving up former Yugoslavia into small statelets. American diplomacy created a foreign legion of Wahabi fundamentalists from Afghanistan to Iran, Iraq, Syria and Libya in support of Saudi Arabian extremism and Israeli expansionism.
The United States is waging war for control of oil against Venezuela, where a military coup failed a few years ago, as did the 2018-19 stunt to recognize an unelected pro-American puppet regime. The Honduran coup under President Obama was more successful in overthrowing an elected president advocating land reform, continuing the tradition dating back to 1954 when the CIA overthrew Guatemala’s Arbenz regime.
U.S. officials bear a special hatred for countries that they have injured, ranging from Guatemala in 1954 to Iran, whose regime it overthrew to install the Shah as military dictator. Claiming to promote “democracy,” U.S. diplomacy has redefined the word to mean pro-American, and opposing land reform, national ownership of raw materials and public subsidy of foreign agriculture or industry as an “undemocratic” attack on “free markets,” meaning markets controlled by U.S. financial interests and absentee owners of land, natural resources and banks.
A major byproduct of warfare has always been refugees, and today’s wave fleeing ISIS, Al Qaeda and other U.S.-backed Near Eastern proxies is flooding Europe. A similar wave is fleeing the dictatorial regimes backed by the United States from Honduras, Ecuador, Colombia and neighboring countries. The refugee crisis has become a major factor leading to the resurgence of nationalist parties throughout Europe and for the white nationalism of Donald Trump in the United States.
Dollarization as the vehicle for U.S. nationalism
The Dollar Standard – U.S. Treasury debt to foreigners held by the world’s central banks – has replaced the gold-exchange standard for the world’s central bank reserves to settle payments imbalances among themselves. This has enabled the United States to uniquely run balance-of-payments deficits for nearly seventy years, despite the fact that these Treasury IOUs have little visible likelihood of being repaid except under arrangements where U.S. rent-seeking and outright financial tribute from other enables it to liquidate its official foreign debt.
The United States is the only nation that can run sustained balance-of-payments deficits without having to sell off its assets or raise interest rates to borrow foreign money. No other national economy in the world can could afford foreign military expenditures on any major scale without losing its exchange value. Without the Treasury-bill standard, the United States would be in this same position along with other nations. That is why Russia, China and other powers that U.S. strategists deem to be strategic rivals and enemies are looking to restore gold’s role as the preferred asset to settle payments imbalances.
The U.S. response is to impose regime change on countries that prefer gold or other foreign currencies to dollars for their exchange reserves. A case in point is the overthrow of Libya’s Omar Kaddafi after he sought to base his nation’s international reserves on gold. His liquidation stands as a military warning to other countries.
Thanks to the fact that payments-surplus economies invest their dollar inflows in U.S. Treasury bonds, the U.S. balance-of-payments deficit finances its domestic budget deficit. This foreign central-bank recycling of U.S. overseas military spending into purchases of U.S. Treasury securities gives the United States a free ride, financing its budget – also mainly military in character – so that it can taxing its own citizens.
Trump is forcing other countries to create an alternative to the Dollar Standard
The fact that Donald Trump’s economic policies are proving ineffective in restoring American manufacturing is creating rising nationalist pressure to exploit foreigners by arbitrary tariffs without regard for international law, and to impose trade sanctions and diplomatic meddling to disrupt regimes that pursue policies that U.S. diplomats do not like.
There is a parallel here with Rome in the late 1st century BC. It stripped its provinces to pay for its military deficit, the grain dole and land redistribution at the expense of Italian cities and Asia Minor. This created foreign opposition to drive Rome out. The U.S. economy is similar to Rome’s: extractive rather than productive, based mainly on land rents and money-interest. As the domestic market is impoverished, U.S. politicians are seeking to take from abroad what no longer is being produced at home.
What is so ironic – and so self-defeating of America’s free global ride – is that Trump’s simplistic aim of lowering the dollar’s exchange rate to make U.S. exports more price-competitive. He imagines commodity trade to be the entire balance of payments, as if there were no military spending, not to mention lending and investment. To lower the dollar’s exchange rate, he is demanding that China’s central bank and those of other countries stop supporting the dollar by recycling the dollars they receive for their exports into holdings of U.S. Treasury securities.
This tunnel vision leaves out of account the fact that the trade balance is not simply a matter of comparative international price levels. The United States has dissipated its supply of spare manufacturing capacity and local suppliers of parts and materials, while much of its industrial engineering and skilled manufacturing labor has retired. An immense shortfall must be filled by new capital investment, education and public infrastructure, whose charges are far above those of other economics.
Trump’s infrastructure ideology is a Public-Private Partnership characterized by high-cost financialization demanding high monopoly rents to cover its interest charges, stock dividends and management fees. This neoliberal policy raises the cost of living for the U.S. labor force, making it uncompetitive. The United States is unable to produce more at any price right now, because its has spent the past half-century dismantling its infrastructure, closing down its part suppliers and outsourcing its industrial technology.
The United States has privatized and financialized infrastructure and basic needs such as public health and medical care, education and transportation that other countries have kept in their public domain to make their economies more cost-efficient by providing essential services at subsidized prices or freely. The United States also has led the practice of debt pyramiding, from housing to corporate finance. This financial engineering and wealth creation by inflating debt-financed real estate and stock market bubbles has made the United States a high-cost economy that cannot compete successfully with well-managed mixed economies.
Unable to recover dominance in manufacturing, the United States is concentrating on rent-extracting sectors that it hopes monopolize, headed by information technology and military production. On the industrial front, it threatens to disrupt China and other mixed economies by imposing trade and financial sanctions.
The great gamble is whether these other countries will defend themselves by joining in alliances enabling them to bypass the U.S. economy. American strategists imagine their country to be the world’s essential economy, without whose market other countries must suffer depression. The Trump Administration thinks that There Is No Alternative (TINA) for other countries except for their own financial systems to rely on U.S. dollar credit.
To protect themselves from U.S. sanctions, countries would have to avoid using the dollar, and hence U.S. banks. This would require creation of a non-dollarized financial system for use among themselves, including their own alternative to the SWIFT bank clearing system. Table 1 lists some possible related defenses against U.S. nationalistic diplomacy.
As noted above, what also is ironic in President Trump’s accusation of China and other countries of artificially manipulating their exchange rate against the dollar (by recycling their trade and payments surpluses into Treasury securities to hold down their currency’s dollar valuation) involves dismantling the Treasury-bill standard. The main way that foreign economies have stabilized their exchange rate since 1971 has indeed been to recycle their dollar inflows into U.S. Treasury securities. Letting their currency’s value rise would threaten their export competitiveness against their rivals, although not necessarily benefit the United States.
Ending this practice leaves countries with the main way to protect their currencies from rising against the dollar is to reduce dollar inflows by blocking U.S. lending to domestic borrowers. They may levy floating tariffs proportioned to the dollar’s declining value. The U.S. has a long history since the 1920s of raising its tariffs against currencies that are depreciating: the American Selling Price (ASP) system. Other countries can impose their own floating tariffs against U.S. goods.
Trade dependency as an aim of the World Bank, IMF and US AID
The world today faces a problem much like what it faced on the eve of World War II. Like Germany then, the United States now poses the main threat of war, and equally destructive neoliberal economic regimes imposing austerity, economic shrinkage and depopulation. U.S. diplomats are threatening to destroy regimes and entire economies that seek to remain independent of this system, by trade and financial sanctions backed by direct military force.
Dedollarization will require creation of multilateral alternatives to U.S. “front” institutions such as the World Bank, IMF and other agencies in which the United States holds veto power to block any alternative policies deemed not to let it “win.” U.S. trade policy through the World Bank and U.S. foreign aid agencies aims at promoting dependency on U.S. food exports and other key commodities, while hiring U.S. engineering firms to build up export infrastructure to subsidize U.S. and other natural-resource investors.[4] The financing is mainly in dollars, providing risk-free bonds to U.S. and other financial institutions. The resulting commercial and financial “interdependency” has led to a situation in which a sudden interruption of supply would disrupt foreign economies by causing a breakdown in their chain of payments and production. The effect is to lock client countries into dependency on the U.S. economy and its diplomacy, euphemized as “promoting growth and development.”
U.S. neoliberal policy via the IMF imposes austerity and opposes debt writedowns. Its economic model pretends that debtor countries can pay any volume of dollar debt simply by reducing wages to squeeze more income out of the labor force to pay foreign creditors. This ignores the fact that solving the domestic “budget problem” by taxing local revenue still faces the “transfer problem” of converting it into dollars or other hard currencies in which most international debt is denominated. The result is that the IMF’s “stabilization” programs actually destabilize and impoverish countries forced into following its advice.
IMF loans support pro-U.S. regimes such as Ukraine, and subsidize capital flight by supporting local currencies long enough to enable U.S. client oligarchies to flee their currencies at a pre-devaluation exchange rate for the dollar. When the local currency finally is allowed to collapse, debtor countries are advised to impose anti-labor austerity. This globalizes the class war of capital against labor while keeping debtor countries on a short U.S. financial leash.
U.S. diplomacy is capped by trade sanctions to disrupt economies that break away from U.S. aims. Sanctions are a form of economic sabotage, as lethal as outright military warfare in establishing U.S. control over foreign economies. The threat is to impoverish civilian populations, in the belief that this will lead them to replace their governments with pro-American regimes promising to restore prosperity by selling off their domestic infrastructure to U.S. and other multinational investors.
chart hudson
There are alternatives, on many fronts
Militarily, today’s leading alternative to NATO expansionism is the Shanghai Cooperation Organization (SCO), along with Europe following France’s example under Charles de Gaulle and withdrawing. After all, there is no real threat of military invasion today in Europe. No nation can occupy another without an enormous military draft and such heavy personnel losses that domestic protests would unseat the government waging such a war. The U.S. anti-war movement in the 1960s signaled the end of the military draft, not only in the United States but in nearly all democratic countries. (Israel, Switzerland, Brazil and North Korea are exceptions.)
The enormous spending on armaments for a kind of war unlikely to be fought is not really military, but simply to provide profits to the military industrial complex. The arms are not really to be used. They are simply to be bought, and ultimately scrapped. The danger, of course, is that these not-for-use arms actually might be used, if only to create a need for new profitable production.
Likewise, foreign holdings of dollars are not really to be spent on purchases of U.S. exports or investments. They are like fine-wine collectibles, for saving rather than for drinking. The alternative to such dollarized holdings is to create a mutual use of national currencies, and a domestic bank-clearing payments system as an alternative to SWIFT. Russia, China, Iran and Venezuela already are said to be developing a crypto-currency payments to circumvent U.S. sanctions and hence financial control.
In the World Trade Organization, the United States has tried to claim that any industry receiving public infrastructure or credit subsidy deserves tariff retaliation in order to force privatization. In response to WTO rulings that U.S. tariffs are illegally imposed, the United States “has blocked all new appointments to the seven-member appellate body in protest, leaving it in danger of collapse because it may not have enough judges to allow it to hear new cases.”[5] In the U.S. view, only privatized trade financed by private rather than public banks is “fair” trade.
An alternative to the WTO (or removal of its veto privilege given to the U.S. bloc) is needed to cope with U.S. neoliberal ideology and, most recently, the U.S. travesty claiming “national security” exemption to free-trade treaties, impose tariffs on steel, aluminum, and on European countries that circumvent sanctions on Iran or threaten to buy oil from Russia via the Nordstream II pipeline instead of high-cost liquified “freedom gas” from the United States.
In the realm of development lending, China’s bank along with its Belt and Road initiative is an incipient alternative to the World Bank, whose main role has been to promote foreign dependency on U.S. suppliers. The IMF for its part now functions as an extension of the U.S. Department of Defense to subsidize client regimes such as Ukraine while financially isolating countries not subservient to U.S. diplomacy.
To save debt-strapped economies suffering Greek-style austerity, the world needs to replace neoliberal economic theory with an analytic logic for debt writedowns based on the ability to pay. The guiding principle of the needed development-oriented logic of international law should be that no nation should be obliged to pay foreign creditors by having to sell of the public domain and rent-extraction rights to foreign creditors. The defining character of nationhood should be the fiscal right to tax natural resource rents and financial returns, and to create its own monetary system.
The United States refuses to join the International Criminal Court. To be effective, it needs enforcement power for its judgments and penalties, capped by the ability to bring charges of war crimes in the tradition of the Nuremberg tribunal. U.S. to such a court, combined with its military buildup now threatening World War III, suggests a new alignment of countries akin to the Non-Aligned Nations movement of the 1950s and 1960s. Non-aligned in this case means freedom from U.S. diplomatic control or threats.
Such institutions require a more realistic economic theory and philosophy of operations to replace the neoliberal logic for anti-government privatization, anti-labor austerity, and opposition to domestic budget deficits and debt writedowns. Today’s neoliberal doctrine counts financial late fees and rising housing prices as adding to “real output” (GDP), but deems public investment as deadweight spending, not a contribution to output. The aim of such logic is to convince governments to pay their foreign creditors by selling off their public infrastructure and other assets in the public domain.
Just as the “capacity to pay” principle was the foundation stone of the Bank for International Settlements in 1931, a similar basis is needed to measure today’s ability to pay debts and hence to write down bad loans that have been made without a corresponding ability of debtors to pay. Without such an institution and body of analysis, the IMF’s neoliberal principle of imposing economic depression and falling living standards to pay U.S. and other foreign creditors will impose global poverty.
The above proposals provide an alternative to the U.S. “exceptionalist” refusal to join any international organization that has a say over its affairs. Other countries must be willing to turn the tables and isolate U.S. banks, U.S. exporters, and to avoid using U.S. dollars and routing payments via U.S. banks. To protect their ability to create a countervailing power requires an international court and its sponsoring organization.
Summary
The first existential objective is to avoid the current threat of war by winding down U.S. military interference in foreign countries and removing U.S. military bases as relics of neocolonialism. Their danger to world peace and prosperity threatens a reversion to the pre-World War II colonialism, ruling by client elites along lines similar to the 2014 Ukrainian coup by neo-Nazi groups sponsored by the U.S. State Department and National Endowment for Democracy. Such control recalls the dictators that U.S. diplomacy established throughout Latin America in the 1950s. Today’s ethnic terrorism by U.S.-sponsored Wahabi-Saudi Islam recalls the behavior of Nazi Germany in the 1940s.
Global warming is the second major existentialist threat. Blocking attempts to reverse it is a bedrock of American foreign policy, because it is based on control of oil. So the military, refugee and global warming threats are interconnected.
The U.S. military poses the greatest immediate danger. Today’s warfare is fundamentally changed from what it used to be. Prior to the 1970s, nations conquering others had to invade and occupy them with armies recruited by a military draft. But no democracy in today’s world can revive such a draft without triggering widespread refusal to fight, voting the government out of power. The only way the United States – or other countries – can fight other nations is to bomb them. And as noted above, economic sanctions have as destructive an effect on civilian populations in countries deemed to be U.S. adversaries as overt warfare. The United States can sponsor political coups (as in Honduras and Pinochet’s Chile), but cannot occupy. It is unwilling to rebuild, to say nothing of taking responsibility for the waves of refugees that our bombing and sanctions are causing from Latin America to the Near East.
U.S. ideologues view their nation’s coercive military expansion and political subversion and neoliberal economic policy of privatization and financialization as an irreversible victory signaling the End of History. To the rest of the world it is a threat to human survival.
The American promise is that the victory of neoliberalism is the End of History, offering prosperity to the entire world. But beneath the rhetoric of free choice and free markets is the reality of corruption, subversion, coercion, debt peonage and neofeudalism. The reality is the creation and subsidy of polarized economies bifurcated between a privileged rentier class and its clients, their debtors and renters. America is to be permitted to monopolize trade in oil and food grains, and high-technology rent-yielding monopolies, living off its dependent customers. Unlike medieval serfdom, people subject to this End of History scenario can choose to live wherever they want. But wherever they live, they must take on a lifetime of debt to obtain access to a home of their own, and rely on U.S.-sponsored control of their basic needs, money and credit by adhering to U.S. financial planning of their economies. This dystopian scenario confirms Rosa Luxemburg’s recognition that the ultimate choice facing nations in today’s world is between socialism and barbarism.
Keynote Paper delivered at the 14th Forum of the World Association for Political Economy, July 21, 2019.
Notes
[1] Billy Bambrough, “Bitcoin Threatens To ‘Take Power’ From The U.S. Federal Reserve,” Forbes, May 15, 2019. https://www.forbes.com/sites/billybambrough/2019/05/15/a-u-s-congressman-is-so-scared-of-bitcoin-and-crypto-he-wants-it-banned/#36b2700b6405.
[2] Vladimir Putin, keynote address to the Economic Forum, June 5-6 2019. Putin went on to warn of “a policy of completely unlimited economic egoism and a forced breakdown.” This fragmenting of the global economic space “is the road to endless conflict, trade wars and maybe not just trade wars. Figuratively, this is the road to the ultimate fight of all against all.”
[3] Address to St Petersburg International Economic Forum’s Plenary Session, St Petersburg, Kremlin.ru, June 5, 2009, from Johnson’s Russia List, June 8, 2009, #8,
[4] https://www.rt.com/business/464013-china-russia-cryptocurrency-dollar-dethrone/ . Already in the late 1950s the Forgash Plan proposed a World Bank for Economic Acceleration. Designed by Terence McCarthy and sponsored by Florida Senator Morris Forgash, the bank would have been a more truly development-oriented institution to guide foreign development to create balanced economies self-sufficient in food and other essentials. The proposal was opposed by U.S. interests on the ground that countries pursuing land reform tended to be anti-American. More to the point, they would have avoided trade and financial dependency on U.S. suppliers and banks, and hence on U.S. trade and financial sanctions to prevent them from following policies at odds with U.S. diplomatic demands.
[5] Don Weinland, “WTO rules against US in tariff dispute with China,” Financial Times, July 17, 2019.
https://xenagoguevicene.wordpress.com/2019/07/29/u-s-economic-warfare-and-likely-foreign-defenses-by-michael-hudson-%e2%80%a2-23-july-2019/
submitted by finnagains to conspiracy [link] [comments]

Subreddit Stats: btc posts from 2019-05-28 to 2019-06-07 10:40 PDT

Period: 10.34 days
Submissions Comments
Total 850 14116
Rate (per day) 82.22 1245.55
Unique Redditors 440 1828
Combined Score 26564 50495

Top Submitters' Top Submissions

  1. 3690 points, 33 submissions: MemoryDealers
    1. Brains..... (420 points, 94 comments)
    2. The first trade has already happened on Local.bitcoin.com! (193 points, 67 comments)
    3. China is already leading the way with the most trades done on local.bitcoin.com, followed by India. We really are helping free the world! (192 points, 58 comments)
    4. More than 100 BCH has been raised in just a few days to help support BCH protocol development! (180 points, 63 comments)
    5. The Bitcoin Cash Protocol Development Fund has already raised more than 10% of its goal from 467 separate transactions!!! (180 points, 58 comments)
    6. Local.bitcoin.com (159 points, 80 comments)
    7. The BCH miners are good guy heroes! (152 points, 161 comments)
    8. The Bitcoin.com YouTube channel just pased 25K subscribers (147 points, 19 comments)
    9. Ways to trigger a BTC maximalist: Remind them that because they didn't increase the block size, fees will eventually climb to dumb levels again. This will put brakes on it's bull trend, and funnel cash into alts instead. (141 points, 107 comments)
    10. Why more and more people are switching from BTC to BCH (137 points, 193 comments)
  2. 1561 points, 20 submissions: money78
    1. "Not a huge @rogerkver fan and never really used $BCH. But he wiped up the floor with @ToneVays in Malta, and even if you happen to despise BCH, it’s foolish and shortsighted not to take these criticisms seriously. $BTC is very expensive and very slow." (261 points, 131 comments)
    2. Jonathan Toomim: "At 32 MB, we can handle something like 30% of Venezuela's population using BCH 2x per day. Even if that's all BCH ever achieved, I'd call that a resounding success; that's 9 million people raised out of poverty. Not a bad accomplishment for a hundred thousand internet geeks." (253 points, 180 comments)
    3. CEO of CoinEx: "CoinEx already add SLP token solution support. The first SLP token will list on CoinEx Soon. Also welcome apply to list SLP tokens on CoinEx." (138 points, 18 comments)
    4. "While Ethereum smart contracts have a lot more functionality than those in Bitcoin Cash, with the upcoming CashScript we've tried to replicate a big part of the workflow, hopefully making it easier for developers to engage with both of these communities. Check it out 🚀" (120 points, 35 comments)
    5. Bitcoin ABC 0.19.7 is now available! This release includes RPC and wallet improvements, and a new transaction index database. See the release notes for details. (104 points, 5 comments)
    6. Vin Armani: "Huge shout out to the @BitcoinCom wallet team! I just heard from a very authoritative source that multi-output BIP 70 support has been successfully tested and will be in a near-term future release. Now, the most popular BCH wallet will support Non-Custodial Financial Services!" (88 points, 23 comments)
    7. BSV folks: Anything legal is good...We want our coin to be legal! (79 points, 66 comments)
    8. BCH fees vs BTC fees (78 points, 85 comments)
    9. "This @CashShuffle on BCH looks awesome. The larger blocksize on BCH allows for cheap on-chain transactions. @CashShuffle leverages this in a very creative way to gain privacy. Ignoring the tribalism, it's fascinating to watch BCH vs. BTC compete in the marketplace." (77 points, 3 comments)
    10. Bitcoin Cash the best that bitcoin can be...🔥💪 (60 points, 9 comments)
  3. 1413 points, 18 submissions: Egon_1
    1. "The claim “Bitcoin was purpose-built to first be a Store of Value” is false. In this article I've posting every single instance I could find across everything Satoshi ever wrote related to store of value or payments. It wasn't even close. Payments win." (299 points, 82 comments)
    2. The Art of Rewriting History ... File this under Deception! (184 points, 69 comments)
    3. Today's Next Block Fee: BTC ($3.55) and BCH ($0.00). Enjoy! (120 points, 101 comments)
    4. Andreas Brekken: "The maxi thought leaders have a ⚡in their username but can't describe a bidirectional payment channel. Ask questions? They attack you until you submit or leave. Leave? You're a scammer....." (115 points, 11 comments)
    5. Tone Vays: "So I will admit, I did terrible in the Malta Debate vs @rogerkver [...]" (107 points, 95 comments)
    6. This Week in Bitcoin Cash (96 points, 10 comments)
    7. “There was no way to win that debate. Roger came armed with too much logic and facts.” (78 points, 1 comment)
    8. BTC supporter enters a coffee shop: "I like to pay $3 premium security fee for my $4 coffee ☕️" (64 points, 100 comments)
    9. Matt Corallo: "... the worst parts of Bitcoin culture reliably come from folks like @Excellion and a few of the folks he has hired at @Blockstream ..." (63 points, 43 comments)
    10. Angela Walch: "Is there a resource that keeps an up-to-date list of those who have commit access to the Bitcoin Core Github repo & who pays them for their work on Bitcoin? In the past, getting this info has required digging. Is that still the case? " (57 points, 5 comments)
  4. 852 points, 11 submissions: jessquit
    1. PSA: BTC not working so great? Bitcoin upgraded in 2017. The upgraded Bitcoin is called BCH. There's still time to upgrade! (185 points, 193 comments)
    2. Nobody uses Bitcoin Cash (178 points, 89 comments)
    3. Yes, Bitcoin was always supposed to be gold 2.0: digital gold that you could use like cash, so you could spend it anywhere without needing banks and gold notes to make it useful. So why is Core trying to turn it back into gold 1.0? (112 points, 85 comments)
    4. This interesting conversation between Jonathan Toomim and @_drgo where jtoomim explains how large blocks actually aren't a centralization driver (89 points, 36 comments)
    5. This Twitter conversation between Jonathan Toomim and Adam Back is worth a read (75 points, 15 comments)
    6. In October 2010 Satoshi proposed a hard fork block size upgrade. This proposed upgrade was a fundamental factor in many people's decision to invest, myself included. BCH implemented this upgrade. BTC did not. (74 points, 41 comments)
    7. what do the following have in common: Australia, Canada, USA, Hong Kong, Jamaica, Liberia, Namibia, New Zealand, Singapore, Taiwan, Caribbean Netherlands, East Timor, Ecuador, El Salvador, the Federated States of Micronesia, the Marshall Islands, Palau, Zimbabwe (47 points, 20 comments)
    8. Core myth dispelled: how Bitcoin offers sovereignty (45 points, 65 comments)
    9. Satoshi's Speedbump: how Bitcoin's goldlike scarcity helps address scaling worries (25 points, 9 comments)
    10. Greater Fool Theory (14 points, 13 comments)
  5. 795 points, 7 submissions: BitcoinXio
    1. Erik Voorhees on Twitter: “I wonder if you realize that if Bitcoin didn’t work well as a payment system in the early days it likely would not have taken off. Many (most?) people found the concept of instant borderless payments captivating and inspiring. “Just hold this stuff” not sufficient.” (297 points, 68 comments)
    2. On Twitter: “PSA: The Lightning Network is being heavily data mined right now. Opening channels allows anyone to cluster your wallet and associate your keys with your IP address.” (226 points, 102 comments)
    3. Shocking (not): Blockstream has had a hard time getting business due to their very bad reputation (73 points, 25 comments)
    4. While @PeterMcCormack experiments with his #LightningNetwork bank, waiting over 20 seconds to make a payment, real P2P #Bitcoin payments have already arrived on #BitcoinCash. (66 points, 94 comments)
    5. This is what we’re up against. Mindless sheep being brain washed and pumping Bitcoin (BTC) as gold to try to make a buck. (56 points, 29 comments)
    6. Tuur Demeester: “At full maturity, using the Bitcoin blockchain will be as rare and specialized as chartering an oil tanker.” (54 points, 61 comments)
    7. ‪Bitcoin Cash 101: What Happens When We Decentralize Money? ‬ (23 points, 2 comments)
  6. 720 points, 2 submissions: InMyDayTVwasBooks
    1. A Reminder Why You Shouldn’t Use Google. (619 points, 214 comments)
    2. 15 Years Ago VS. Today: How Tech Scales (101 points, 53 comments)
  7. 485 points, 15 submissions: JonyRotten
    1. Cashscript Is Coming, Bringing Ethereum-Like Smart Contracts to Bitcoin Cash (96 points, 6 comments)
    2. Localbitcoins Removes In-Person Cash Trades Forcing Traders to Look Elsewhere (86 points, 26 comments)
    3. Bitcoin.com's Local Bitcoin Cash Marketplace Is Now Open for Trading (48 points, 22 comments)
    4. Report Insists 'Bitcoin Was Not Purpose-Built to First Be a Store of Value' (48 points, 8 comments)
    5. BCH Businesses Launch Development Fund for Bitcoin Cash (36 points, 1 comment)
    6. Another Aspiring Satoshi Copyrights the Bitcoin Whitepaper (31 points, 0 comments)
    7. Bitcoin Cash and SLP-Fueled Badger Wallet Launches for iOS (27 points, 0 comments)
    8. Bitcoin Mining With Solar: Less Risky and More Profitable Than Selling to the Grid (26 points, 0 comments)
    9. Former Mt Gox CEO Mark Karpeles Announces New Blockchain Startup (25 points, 25 comments)
    10. Mixing Service Bitcoin Blender Quits After Bestmixer Takedown (23 points, 7 comments)
  8. 426 points, 2 submissions: btcCore_isnt_Bitcoin
    1. Ponder the power of propaganda, Samson Mow, Adam Back and Greg Maxwell all know how import control of bitcoin is. (394 points, 98 comments)
    2. How many Bitcoin Core supporters does it take to change a light bulb? (32 points, 35 comments)
  9. 369 points, 3 submissions: where-is-satoshi
    1. Currently you must buy 11,450 coffees on a single Lightning channel to match the payment efficiency of Bitcoin BCH - you will also need to open an LN channel with at least $47,866 (230 points, 173 comments)
    2. North Queensland's Beauty Spot finds Bitcoin BCH a thing of beauty (74 points, 6 comments)
    3. Can't start the day without a BCHinno (65 points, 9 comments)
  10. 334 points, 5 submissions: AD1AD
    1. You Can Now Send Bitcoin Cash to Mobile Phones in Electron Cash Using Cointext! (132 points, 32 comments)
    2. Merchants are Dropping Multi-Coin PoS for One Cryptocurrency: Bitcoin Cash (73 points, 21 comments)
    3. A Stellar Animated Video from CoinSpice Explaining how CashShuffle Works Under the Hood! (67 points, 10 comments)
    4. If you haven't seen the "Shit Bitcoin Cash Fanatics Say" videos from Scott Rose (The Inspirational Nerd), YOU NEED TO DO IT NOWWW (50 points, 7 comments)
    5. New Video from Bitcoin Out Loud: "Can You Store Data on the Bitcoin Blockchain?" (Spoiler: Not really.) (12 points, 10 comments)
  11. 332 points, 6 submissions: eyeofpython
    1. I believe the BCH denomination is the best (in contrast to bits, cash and sats), if used with eight digits & spaces: 0.001 234 00 BCH. This way both the BCH and the satoshi amount is immediately clear. Once the value of a satoshi gets close to 1¢, the dot can simply be dropped. (112 points, 41 comments)
    2. Only after writing more BCH Script I realized how insanely usefull all the new opcodes are — CDS and those activated/added back in May '18. Kudos to the developers! (104 points, 22 comments)
    3. CashProof is aready so awesome it can formally prove all optimizations Spedn uses, except one. Great news for BCH smart contracts! (51 points, 6 comments)
    4. Proposal for a new opcode: OP_REVERSE (43 points, 55 comments)
    5. My response on your guy's critisism of OP_REVERSE and the question of why the SLP protocol (and others) don't simply switch to little endian (20 points, 25 comments)
    6. random post about quantum physics (both relevant and irrelevant for Bitcoin at the same time) (2 points, 11 comments)
  12. 322 points, 6 submissions: unitedstatian
    1. BCH is victim to one of the biggest manipulation campaigns in social media: Any mention of BCH triggered users instantly to spam "BCASH".. until BSV which is a BCH fork and almost identical to it pre-November fork popped out of nowhere and suddenly social media is spammed with pro-BSV posts. (131 points, 138 comments)
    2. LocalBitcoins just banned cash. It really only goes to show everything in the BTC ecosystem is compromised. (122 points, 42 comments)
    3. The new narrative of the shills who moved to promoting bsv: Bitcoin was meant to be government-friendly (33 points, 138 comments)
    4. Hearn may have been the only sober guy around (21 points, 29 comments)
    5. PSA: The economical model of the Lightning Network is unsound. The LN will support different coins which will be interconnected and since the LN tokens will be transacted instead of the base coins backing them up their value will be eroded over time. (14 points, 8 comments)
    6. DARPA-Funded Study Looks at How Crypto Chats Spread on Reddit (1 point, 0 comments)
  13. 313 points, 8 submissions: CreativeName44
    1. Venezuela Hidden Bitcoin Cash paper wallet claimed with 0.17468 BCH! Congrats to the one who found it! (80 points, 0 comments)
    2. Alright BCH Redditors, Let's make some HUGE noise!! Announcing The NBA finals Toronto Raptors Hidden BCH Wallet!! (60 points, 9 comments)
    3. FindBitcoinCash gaining traction around the world - Calling out to Bitcoin Cashers to join the fun!! (41 points, 0 comments)
    4. The Toronto Raptors Bitcoin Cash Wallet has been hidden: Address qz72j9e906g7pes769yp8d4ltdmh4ajl9vf76pj0v9 (PLS RT - Some local media tagged on it) (39 points, 0 comments)
    5. This is the next BitcoinCash wallet that is going to be hidden, hopefully REALLY soon! (36 points, 13 comments)
    6. Bitcoin Cash Meetups From Around the World added to FindBitcoinCash (25 points, 0 comments)
    7. FindBitcoinCash Wallets in other languages English/Spanish/Lithuanian/Swedish/Korean (20 points, 18 comments)
    8. Thank you for a great article!! (12 points, 0 comments)
  14. 312 points, 1 submission: scriberrr
    1. WHY? (312 points, 49 comments)
  15. 311 points, 4 submissions: Anenome5
    1. Libertarian sub GoldandBlack is hosting a free, live online workshop about how to setup and use Electron Cash on Sat 1st June via discord, including how to use Cashshuffle, with a Q&A session to follow. All are invited! (119 points, 40 comments)
    2. For anyone who still hasn't seen this, here is Peter Rizun and Andrew Stone presenting their research on how to do 1 gigabyte blocks, all the way back in 2017 at the Scaling Bitcoin Conference. The BTC camp has known we can scale bitcoin on-chain for years, they just don't want to hear it. (92 points, 113 comments)
    3. @ the trolls saying "No one uses Bitcoin Cash", let's look at the last 60 blocks... (72 points, 84 comments)
    4. Research Reveals Feasibility of 1TB Blocks, 7M Transactions per Second (28 points, 22 comments)
  16. 293 points, 2 submissions: BeijingBitcoins
    1. /Bitcoin mods are censoring posts that explain why BitPay has to charge an additional fee when accepting BTC payments (216 points, 110 comments)
    2. Meetups and adoption don't just happen organically, but are the result of the hard work of passionate community members. There are many others out there but these girls deserve some recognition! (77 points, 9 comments)
  17. 282 points, 1 submission: EddieFrmDaBlockchain
    1. LEAKED: Attendee List for Buffet Charity Lunch (282 points, 98 comments)
  18. 273 points, 4 submissions: HostFat
    1. Breakdown of all Satoshi’s Writings Proves Bitcoin not Built Primarily as Store of Value (159 points, 64 comments)
    2. Just to remember - When you are afraid that the market can go against you, use the state force. (48 points, 5 comments)
    3. CypherPoker.JS v0.5.0 - P2P Poker - Bitcoin Cash support added! (35 points, 3 comments)
    4. Feature request as standard for all bch mobile wallets (31 points, 12 comments)
  19. 262 points, 3 submissions: CaptainPatent
    1. Lightning Network capacity takes a sudden dive well below 1k BTC after passing that mark back in March. (97 points, 149 comments)
    2. Yeah, how is it fair that Bitpay is willing to eat a $0.0007 transaction fee and not a $2+ transaction fee?! (89 points, 59 comments)
    3. BTC Fees amplified today by last night's difficulty adjustment. Current (peak of day) next-block fees are testing new highs. (76 points, 59 comments)
  20. 262 points, 1 submission: Badrush
    1. Now I understand why Bitcoin Developers hate on-chain solutions like increasing block sizes. (262 points, 100 comments)

Top Commenters

  1. jessquit (2337 points, 242 comments)
  2. LovelyDay (1191 points, 160 comments)
  3. Ant-n (1062 points, 262 comments)
  4. MemoryDealers (977 points, 62 comments)
  5. jtoomim (880 points, 108 comments)
  6. 500239 (841 points, 142 comments)
  7. jonald_fyookball (682 points, 86 comments)
  8. ShadowOfHarbringer (672 points, 110 comments)
  9. money78 (660 points, 41 comments)
  10. playfulexistence (632 points, 76 comments)
  11. Bagatell_ (586 points, 72 comments)
  12. Big_Bubbler (552 points, 196 comments)
  13. homopit (551 points, 79 comments)
  14. Anenome5 (543 points, 130 comments)
  15. WippleDippleDoo (537 points, 111 comments)
  16. MobTwo (530 points, 52 comments)
  17. FalltheBanks3301 (483 points, 87 comments)
  18. btcfork (442 points, 115 comments)
  19. chainxor (428 points, 71 comments)
  20. eyeofpython (425 points, 78 comments)

Top Submissions

  1. A Reminder Why You Shouldn’t Use Google. by InMyDayTVwasBooks (619 points, 214 comments)
  2. Brains..... by MemoryDealers (420 points, 94 comments)
  3. Ponder the power of propaganda, Samson Mow, Adam Back and Greg Maxwell all know how import control of bitcoin is. by btcCore_isnt_Bitcoin (394 points, 98 comments)
  4. WHY? by scriberrr (312 points, 49 comments)
  5. "The claim “Bitcoin was purpose-built to first be a Store of Value” is false. In this article I've posting every single instance I could find across everything Satoshi ever wrote related to store of value or payments. It wasn't even close. Payments win." by Egon_1 (299 points, 82 comments)
  6. Erik Voorhees on Twitter: “I wonder if you realize that if Bitcoin didn’t work well as a payment system in the early days it likely would not have taken off. Many (most?) people found the concept of instant borderless payments captivating and inspiring. “Just hold this stuff” not sufficient.” by BitcoinXio (297 points, 68 comments)
  7. LEAKED: Attendee List for Buffet Charity Lunch by EddieFrmDaBlockchain (282 points, 98 comments)
  8. Now I understand why Bitcoin Developers hate on-chain solutions like increasing block sizes. by Badrush (262 points, 100 comments)
  9. "Not a huge @rogerkver fan and never really used $BCH. But he wiped up the floor with @ToneVays in Malta, and even if you happen to despise BCH, it’s foolish and shortsighted not to take these criticisms seriously. $BTC is very expensive and very slow." by money78 (261 points, 131 comments)
  10. Jonathan Toomim: "At 32 MB, we can handle something like 30% of Venezuela's population using BCH 2x per day. Even if that's all BCH ever achieved, I'd call that a resounding success; that's 9 million people raised out of poverty. Not a bad accomplishment for a hundred thousand internet geeks." by money78 (253 points, 180 comments)

Top Comments

  1. 109 points: mossmoon's comment in Now I understand why Bitcoin Developers hate on-chain solutions like increasing block sizes.
  2. 104 points: _degenerategambler's comment in Nobody uses Bitcoin Cash
  3. 96 points: FreelanceForCoins's comment in A Reminder Why You Shouldn’t Use Google.
  4. 94 points: ThomasZander's comment in "Not a huge @rogerkver fan and never really used $BCH. But he wiped up the floor with @ToneVays in Malta, and even if you happen to despise BCH, it’s foolish and shortsighted not to take these criticisms seriously. $BTC is very expensive and very slow."
  5. 91 points: cryptotrillionaire's comment in The Art of Rewriting History ... File this under Deception!
  6. 87 points: tjonak's comment in A Reminder Why You Shouldn’t Use Google.
  7. 86 points: money78's comment in Tone Vays: "So I will admit, I did terrible in the Malta Debate vs @rogerkver [...]"
  8. 83 points: discoltk's comment in "Not a huge @rogerkver fan and never really used $BCH. But he wiped up the floor with @ToneVays in Malta, and even if you happen to despise BCH, it’s foolish and shortsighted not to take these criticisms seriously. $BTC is very expensive and very slow."
  9. 79 points: jessquit's comment in Ways to trigger a Shitcoin influencer Part 1: Remind them that’s it’s very likely they got paid to shill fake Bitcoin to Noobs
  10. 78 points: PaladinInc's comment in The BCH miners are good guy heroes!
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

PSA: 31 Chinese cities have GDP the size of countries, and they're all rushing into Bithumb. This is your second chance to ride the Bitcoin rocket again through Bitcoin Cash.

Only 3 things you need to know:
1) China banned Bitcoin trading.
2) Chinese moved trading to the Bithumb exchange in Korea.
3) China has almost 1.4 billion population, and 31 cities with economies the size of countries:
In the past 2 hours there have been many comments wondering/complaining about why Bitcoin Cash prices are being influenced by just one exchange (Bithumb), because many people are not familiar with the scale they're dealing with, this link will help them visualize the situation: when the Chinese rush in, it's actually 31+ countries worth of people rushing in in terms of capital:
http://www.visualcapitalist.com/31-chinese-cities-economies-big-countries/
When the Chinese rush in they often run over everything in their path:
https://techcrunch.com/2017/11/11/alibaba-smashes-its-singles-day-record/
Alibaba smashes its Single’s Day record once again as sales cross $25 billion
https://www.thatsmags.com/china/post/21348/alibaba-earns-record-breaking-10-billion-in-3-minutes-for-singles-day
Alibaba Earns Record-Breaking ¥10 Billion in 3 Minutes for Singles Day
List of Chinese cities with economies the size of nations:
Gaining perspective on China’s monstrous economy isn’t always the easiest thing to do.
With 1.4 billion people and the third-largest geographical area, the country is a vast place to begin with. Add in explosive economic growth, a market-oriented but Communist government, a longstanding and complex cultural history, and self-inflicted demographic challenges – and understanding China can be even more of a puzzle.
City by City
To truly grasp the emergence of China, one approach is to look at the impressive economic footprint made by the country’s cities.
Of course, cities like Shanghai, Beijing, and Hong Kong are the metro economic powerhouses that most people are familiar with. But have you heard of cities like Shijiazhuang, Wuxi, Changsha, Suzhou, Ningbo, Foshan, or Yantai?
There are literally dozens of Chinese cities that most people in Western countries have never heard of – yet they each hold millions of people and have an economic output comparable to nations.
Here’s a list of 35 of them, the size of their local economy, and a comparably sized national economy:
Rank Chinese City City GDP (2015, PPP, in billions) Comparable Country
1 Shanghai $810 Philippines
2 Beijing $664 U.A.E.
3 Guangzhou $524 Switzerland
4 Shenzhen $491 Sweden
5 Tianjin $478 Romania
6 Suzhou $440 Austria
7 Chongqing $425 Chile
8 Hong Kong $414 Peru
9 Wuhan $324 Israel
10 Chengdu $306 Norway
11 Hangzhou $275 Greece
12 Nanjing $272 Denmark
13 Wuxi $270 Morocco
14 Qingdao $266 Hungary
15 Changsha $246 Sri Lanka
16 Dalian $245 Finland
17 Foshan $235 Uzbekistan
18 Ningbo $233 Angola
19 Shenyang $230 Sudan
20 Zhengzhou $210 Ecuador
21 Tangshan $191 New Zealand
22 Dongguan $186 Ethiopia
23 Yantai $184 Belarus
24 Jinan $174 Azerbaijan
25 Nantong $170 Slovakia
26 Changchun $163 Dominican Republic
27 Xi'an $161 Kenya
28 Fuzhou $160 Tanzania
29 Harbin $159 Bulgaria
30 Hefei $157 Tunisia
31 Shijiazhuang $156 Guatemala
32 Xuzhou $150 Ghana
33 Changzhou $147 Serbia
34 Wenzhou $131 Croatia
35 Zibo $123 Panama
submitted by Gregory_Maxwell to btc [link] [comments]

Shadow Brokers release NSA hacking tools, but were the tools used in a series of bank robberies involving the SWIFT transfer system?

Shadow Brokers Leak Reveals The NSA's Deep Access Into SWIFT Banking Network

In August of 2016, a group calling itself the Shadow Brokers emerged with a treasure trove of purported NSA hacking tools. The group released only a small portion of its take and eventually tried unsuccessfully to auction the good stuff. When no one offered to pay, Shadow Brokers decided to give it away for free.
In an enterprise setting, however, disabling the Windows Firewall and allowing remote desktop connections is quite common. That's where these exploits were designed to work, and the Shadow Brokers data appears to reveal that the NSA used these tools against at least one eyebrow-raising target: a SWIFT bureau in the Middle East.
Following The Money
As part of the Bush administration's War on Terrorism the Terrorist Finance Tracking program was set up. Under TFTP, the U.S. gained the ability to monitor transactions carried out via SWIFT. Why target SWIFT specifically? There are upwards of 11,000 banks in 200 countries that use it, and they exchange around 15 million messages a day. If you need to keep an eye on large amounts of money moving internationally, SWIFT is the key.
•••
A leaked PowerPoint slide appears to confirm that the NSA had successfully set up backdoor monitoring on 9 banks running SWIFT Alliance Access (SAA) servers. At least three others at another SWIFT Bureau were targeted, but they had not been compromised at the time of creation of the PowerPoint presentation in 2013.
A Rundown of the Biggest Cybersecurity Incidents of 2016

Most expensive attacks: Leoni and Bangladesh Bank

Large multinational companies are the prime targets of Business Email Compromise (BEC), which is a type of online scam that usually begins with an attacker compromising a legitimate email account and tricking the company’s financial officer to wire funds to their accounts. Typically the companies that fall victim to these scams deal with foreign suppliers and habitually use wire transfer payments. Victims of BEC scams have increased 270% since the start of 2015, and this year saw one of the largest amounts lost by an enterprise. Read more

Biggest attack vector in finance: SWIFT

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a global transaction messaging network used by banks and other financial entities such as foreign exchanges and investment firms. Unfortunately, this year saw attackers targeting SWIFT clients, compromising and manipulating organizations into sending fraudulent money transfer requests. It’s unclear how many of these attacks were actually successful, but in June, SWIFT sent its clients a letter warning them about the possible dangers. The organization also urged clients to update their software and tighten their cyber defenses.
Shadow Brokers Dump Alleged Windows Exploits and NSA Presentations on Targeting Banks
The post includes a link to a selection of files and folders. One sub-folder called "exploits" includes executable files with apparent codenames such as "Eternalsynergy," "Erraticgopher," and "Emeraldthread."
•••
"This is phenomenal data, it has all the hallmarks of slickly produced internal attack tools," Hacker Fantastic continued. "I am certain that analysis on this data will turn up another 0day [zero day]."
Security architect Kevin Beaumont told Motherboard in a Twitter direct message, "All of the Windows implants are new to VirusTotal [an online file scanning tool], which suggests they've not been seen before."
Targets of NSA hacking operations may also be able to determine whether they were compromised thanks to these new files. Cybersecurity company Symantec recently did something similar but with details of alleged CIA hacking tools released by Wikileaks.
Another section of the [dump]( (https://gist.github.com/misterch0c/08829bc65b208609d455a9f4aeaa2a6c) includes several alleged presentations marked "TOP SECRET" concerning "[JEEPFLEA_MARKET](
)." According to a previous analysis by Electrospaces.net, which searches through previously released government documents including the Snowden files for additional clues, Jeepflea is a hacking project from Tailored Access Operations (TAO), the NSA's elite hacking unit.
NSA's powerful Windows hacking tools leaked online
Shadow Brokers leak NSA documents that may reveal operation aimed at Middle Eastern banks
So here are the dots not being connected...
In 2016 Shadow Brokers placed a trove of NSA hacking tools up for sale last year. On 08.17.16 wired reported that that stolen NSA exploit tools were being held hostage for a Bit Coin pay out. When no one came up with the ransom the Shadow Brokers began selling the apps individually for prices that range from 1 to 1000 Bit Coins.
This is only half the story because prior to the release of the information in August 2016 maybe as far back as several years a series of attacks and robberies through the SWIFT system occurred.
Swift Hack Probe Expands to Up to a Dozen Banks Beyond Bangladesh
That Insane, $81M Bangladesh Bank Heist? Here’s What We Know 05.17.16 - 7:00 am
Once Again, Thieves Enter Swift Financial Network and Steal
New details about a second attack involving Swift — the messaging system used by thousands of banks and companies to move money around the world — are emerging as investigators are still trying to solve the $81 million heist from the central bank of Bangladesh in February. In that theft, the attackers were able to compel the Federal Reserve Bank of New York to move money to accounts in the Philippines.
The second attack involves a commercial bank, which Swift declined to identify. But in a letter Swift plans to share with its users on Friday, the messaging network warned that the two attacks bore numerous similarities and were very likely part of a “wider and highly adaptive campaign targeting banks.”
FOURTH bank hit by SWIFT hackers
Evidence is emerging that the SWIFT (Society for Worldwide Interbank Financial Telecom) attacks began as far back as October 2015 when the Philippines bank was first hit, two months prior to the discovery of the failed attack on Tien Phong Bank in Vietnam.
There are many more articles beyond these, but what it looks like is the Shadow Brokers or some associated individuals pulled off a series of bank heists prior to releasing the applications to the open market. That also open the question of what the NSA was doing with the applications? They could have have been tracking "suspects" but it seems they could have also been moving money for any reason they chose without records being left in the banking system. The possible exploits were only exposed after a series of bank robberies exposed the power of the tools the NSA had developed.
It seems once again crimes have exposed the government's illicit powers concealed by the intelligence community (IC). It is entirely possible that the tools were used legally and only to expose private records of terrorists and spies under FISA warrants, but who knows. The only thing that exposed these exploits was the theft. Kinda makes ya wonder, huh?
The evidence and the different styles of hacking listed in the articles about the bank heists suggests that an initial group stole some NSA hacking tools and pulled off the Bangladesh heist. They may or may not have done Ecuador or the Philippines but it seems that at some point the exploits were sold on the open market, but that does not exclude some clandestine deals with other groups that also have employed the exploits. Once the initial 81 million was stolen they distributed the exploits to other groups who may have also attacked the SWIFT system and other targets to make forensics on nation state level zero day attacks that much more difficult. Several groups attempting independent attacks increased the attack vectors making identification even more difficult. It also appears that the hackers may have targeted banks that had the Trojans installed initially. So why would they go for relatively small scores when they essentially owned the SWIFT system. Could the hackers be attacking networks already infected with the Trojan.
It really makes sense when you think about the banks they hit. The NSA installs the Trojans to "observe" suspected transactions. The hackers obtain the exploits, found the Trojans phoning home and used them to own the infected systems, modified the attack vectors to transfer money. Why not skip the phishing attack when there was already infected banks. Take the path of least resistance that leads back to someone the American government would never admit lead away from the hackers.
Of course that means anyone including the IC could have manipulated transactions, but hey that wouldn't have been a robbery would it. Really the tools could have been used to track transactions, but they could have facilitated the IC surreptitious movement of money to fund operations.
In all reality it was very clever, make a score, don't get greedy, prevent the creation of a M.O. to narrow investigations and identify the perpetrators. But identifying clever when they managed to steal exploits from the NSA and could use the exploits to attack the banking system. Just the fact that they can't be identified means they are pretty slick and the exploits are not for the novice user. There were some skills at work here.
What else was done with the exploits and who are they?
Shadow Brokers Group Releases More Stolen NSA Hacking Tools & Exploits Saturday, April 08, 2017
Besides dumping some NSA's hacking tools back in August 2016, the Shadow Brokers also released an encrypted cache of files containing more NSA's hacking tools and exploits in an auction, asking for 1 Million Bitcoins (around $568 Million). However, after failed auction, the group put up those hacking tools and exploits for direct sale on an underground website, categorizing them into a type — like "exploits," "Trojans," and "implant" — each of which ranged from 1 to 100 Bitcoins (from $780 to $78,000). Now, the Shadow Brokers has finally released password for the encrypted cache of NSA's files, allowing anyone to unlock and download the auction data dump.

CrDj”(;Va.*[email protected])#>deB7mN

THE SHADOW BROKERS MESS IS WHAT HAPPENS WHEN THE NSA HOARDS ZERO-DAYS AUTHOR: ANDY GREENBERG 08.17.16. - 8:34 PM
Everything you need to know about the NSA hack - but were afraid to Google
Shadow Brokers leak systems hacked by NSA – mostly mail and uni servers in India, China
New leak suggests NSA penetrated Mideast banking networks By RAPHAEL SATTER

Sunday April 16, 2017 click here for archives
☰ Latest News
CoincidenceTheorist
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submitted by J_Dillinger to WikiLeaks [link] [comments]

My theory: There was collusion, but Trump ripped off Russia in the deal and has us in a more serious situation than we think. A timeline.

I’m not usually a conspiracy theorist, but it all fit together too well to ignore. Feel free to poke holes in this, I’d like to be proven wrong.
The cold war never ended, it just moved online.
1991 - The cold war is declared over and the internet rises at a lightning pace. Much like the space program had before it. A cyberspace race. By nature of being the bulk of its inventors, the US is untouchable in cyber espionage. The NSA stockpiles all of the malicious code and secret vulnerabilities they can gather and rather than alert the world to them and help create fixes, they leave them active and turn them into tools for their agents to use against foreign powers. Eventually they also turn their attention inward and start using that software against their own people in a surveillance and manipulation program that dwarfs what the KGB had just been destroyed for doing.
2009 - Edward Snowden discovers the NSA running these programs and is outraged by the violation of rights and hypocrisy. He begins complaining in an attempt to get the system shut down and have our dirty little secret ended without national embarrassment. “I had raised these complaints not just officially in writing through email, but to my supervisors, to my colleagues, in more than one office. I did it in Fort Meade. I did it in Hawaii. And many, many of these individuals were shocked by these programs. They had never seen them themselves. And the ones who had, went, "You know, you're right. ... But if you say something about this, they're going to destroy you".
March 2011 – It’s discovered that the US military is developing software to create, spread and control social media sock puppet armies. They promise it’s to use against foreign enemies, we’re told that it’s illegal for them to use against US citizens. https://www.theguardian.com/technology/2011/ma17/us-spy-operation-social-networks
March 2013 - James Clapper blatantly lies to congress and denies the existence of the domestic surveillance program entirely. Snowden says this moment is when he realizes his hope is futile and May 2013 he begins releasing evidence of the collected data to expose the program and force it to stop, then waits out the storm in Hong Kong.
I believe Snowden had an insurance policy. Along with the surveillance data that he had planned to release, he stole an NSA toolkit that would not be released. A drive full of the nastiest bugs and backdoors the NSA could invent that would be released to the public in the event of his death. The US government wouldn’t dare risk it.
July 2013 – The public outrage over what’s been exposed should be astounding…but it’s not. It seems like no one cares. And at this point the NSA knows the toolkit has been stolen, it could destroy us. Desperate times call for desperate measures. The anti-propaganda law is repealed, freeing the US government to use propaganda against its own people. Those sock puppet armies are turned against us and it’s made to look like the majority of the US public doesn’t care about surveillance. Even South Park runs an episode in September mocking people’s indifference to the NSA. https://en.wikipedia.org/wiki/National_Defense_Authorization_Act_for_Fiscal_Year_2013#Smith-Mundt_Modernization_Act_of_2012
https://www.techdirt.com/articles/20130715/11210223804/anti-propaganda-ban-repealed-freeing-state-dept-to-direct-its-broadcasting-arm-american-citizens.shtml
http://foreignpolicy.com/2013/07/14/u-s-repeals-propaganda-ban-spreads-government-made-news-to-americans/
A massive domestic spy program is uncovered and they get away with it. Snowden isn’t a national hero, no one cares and in mid June 2013 the US files charges against him. He took a shot at the king and missed. The US rescinds his passport and demands Hong Kong extradite him. He’ll use his stolen toolkit to avoid a death penalty.
Russia would have suspected Snowden had this insurance policy. They tell him to spite America, they’ll arrange a flight for him from Hong Kong to Ecuador despite his lack of passport, with just a short layover in Russia. The layover becomes permanent when they refuse to finish the flight due to that lack of passport. Russia tells him he now has a choice, hand over the toolkit or you’ll be killed here and your country won’t care. Russia doesn’t care if his death triggers the release, it’s their intention to do that anyway. He holds out for 39 days in the airport but on August 1st 2013 he caves, is given asylum in Russia and Russia is discretely given the master keys to the internet.
The NSA is in an impossible position. They should alert the world that their monster has escaped its cage and help us secure our systems from it. But to do that would be to admit an indefensible extent of surveillance and now manipulation they themselves had carried out for years. The people would overthrow them immediately. In addition, every vulnerability they fix removes it from Russia’s arsenal but also from their own. I suspect they were using some of those vulnerabilities to sabotage the North Korean missile and Iranian nuclear programs. To fix them now would be to let those programs progress unhindered. I suspect this sort of catch-22 is how the Obama administration originally justified the surveillance to itself. And so the US does nothing.
Russia now has almost unfettered access on the internet, a backdoor on every computer manufactured before that date. I believe their Kompromat program became limitless. I believe they gathered every secret that existed to be found, on every member of our government and corporate world and what couldn’t be found could be planted. I’ll reference this again on *April 8 2016. *
February 2014 - Emboldened by our silence Russia moves to take Crimea 6 months later. We do not stay silent.
March 2014 - Obama uses Crimea as a cover to impose crippling sanctions on Russia. It cuts their currency and GDP in half.
November 2014 - Sony suffers a massive hack. Supposedly, by North Korea in retaliation over a Seth Rogan movie. It’s embarrassing but mostly inconsequential. North Korea denies involvement, no one believes them. I believe it’s a message from Russia. “We have the weapon and we know how to use it.”
February 2015 – Kaspersky Labs, a Russian company, exposes to the world how deeply the NSA’s infiltration has gone. All hard drives have been shipped with an NSA backdoor preinstalled. http://www.businessinsider.com/r-russian-researchers-expose-breakthrough-us-spying-program-2015-2
Through 2015 Microsoft makes an oddly strong push to get us all to update to Windows 10. Even bootleggers can get a free upgrade. A disguised evacuation from the badly compromised XP, 7 and 8? Or pushing a new OS into the world to give the NSA a new playing field to regain an advantage on?
I suspect Putin now reaches out to Robert Mercer, financier of data mining company Cambridge Analytica. He offers to make Mercer an American oligarch. Putin will provide the most advanced data gathering tools the NSA could create, Mercer will use them to collect data that lets his candidates target voters with uncanny accuracy and win elections. Kushner later raves about the complexity of their marketing system. https://www.forbes.com/sites/stevenbertoni/2017/05/26/jared-kushner-in-his-own-words-on-the-trump-data-operation-the-fbi-is-reportedly-probing/#619dd401a90f
At the same time, Mercer will share that data with Putin who then uses botnets and other illegitimate means to influence the same voters, in the same direction, but without being visibly connected to the candidate. Later there will be controversy over a server in Trump Tower communicating with a Russian bank. I believe this is that sharing. http://www.cnn.com/2017/03/09/politics/fbi-investigation-continues-into-odd-computer-link-between-russian-bank-and-trump-organization/index.html
In 2015 Cambridge Analytica first backs Ted Cruz. The most hated man in DC and a proven track record of bringing the system to a grinding halt. The obvious choice. But Trumps bombastic personality and Cruz’s lack of one threatens the plan. In December 2015 when a Quinnipiac poll shows Cruz in second place behind Trump, Cambridge Analytica promptly dumps Cruz and picks up Trump. Sometime later Trump paranoidly projects that the only way Hillary can win is by rigging the election.
July 2016 - Trump wins the Republican nomination.
August 2016 - A hacker group called The Shadow Brokers makes the news. I believe this is Putin finally flaunting to the world what he’s done. They tell us they’ve stolen a toolkit from The Equation Group, who have been suspected to be the NSA. The files in the toolkit are NSA but only as recent as 2013, a few months after Snowden’s departure. I suspect the file dates were altered just enough to give Snowden deniability. They release half of them to the public as proof. It’s bad, we’re warned that a lot of horrible malware will come from this for years to come. And now that the code is public, those attacks could plausibly come from anyone. The other half is kept encrypted, promised to be worse, and they comically struggle and fail to sell it on the black market. No one seems willing to touch it.
November 2016 - Our election is hit by an unprecedented number of attacks. 5 per second 24 hours a day in Illinois. 150,000 total in South Carolina. 39 states altogether. Everyone who was anyone took Putin’s free gift and hit us with it. https://www.engadget.com/2017/07/17/south-carolina-150-000-election-day-hacking-attempts/
Trump wins the election.
His first, maybe only job, is to lift the sanctions. Russia needs it done yesterday. Instead, Trump immediately gets into a fight with the media over the size of his inauguration crowd and makes a wild claim of 3 million illegal votes.
I believe Cambridge Analytica using NSA tools, had the ability to analyze every American voter’s online habits and predict their vote. I believe they promised Trump a win over Hillary and gave him a very specific vote count. When Hillary wins the popular vote with 3 million more votes, Trump is paranoid that she must have added her own fake votes which threw his prophesized number. And maybe she did. But with no evidence that he can admit to the rest of us, Trump blames it on illegal immigrants and starts demanding voter information so that he can compare the numbers.
This eats Trumps fragile ego alive. For eternity his legitimacy will be questioned in history books. Trumps attitude toward Russia sours. “You promised me a win and cost me the popular vote, our deal is void.” Trump does what he’s done to so many of the people he’s worked with before and decides he’s not going to pay his end of the deal. He busies himself putting Gorsuch on the SCOTUS, the beginnings of his wall and an immigration ban, ignoring Russia publicly and privately.
The cold war warms up.
January 23 – Trump appoints Ajit Pai to head the FCC. He is hell bent on reversing net neutrality laws, making it legal to throttle or block websites to citizens. Later, congress claims this was a direct order from Trump. Along with being able to predict how people will vote based on their browsing habits, they’ll now be able to directly influence those browsing habits. https://techcrunch.com/2017/08/06/10-members-of-congress-rake-fcc-over-the-coals-in-official-net-neutrality-comment/
February 9 – Jeff Sessions is made Attorney General to defend Trump from both an angry Russia and angry Congress. He’ll later recuse himself and Trump will state that if he had known that he wouldn’t have hired him in the first place.
February 10 – Russia considers giving Snowden to US as a gift. https://www.cnbc.com/2017/02/10/russia-eyes-sending-snowden-to-us-as-gift-to-trump-official-tells-nbc-news.html
February 13 – Trump seemingly is not interested. Michael Flynn’s Russian connections are “discovered” by the White House and he resigns.
February 14 – Russia violates a cold war arms treaty and shows that it has been developing cruise missiles. “I can reach you.” It says to Trump. https://www.nytimes.com/2017/02/14/world/europe/russia-cruise-missile-arms-control-treaty.html
February 14 – Congress starts to question their too-good-to-be-true win and a republican senator calls for an investigation into ties between Trump and Russia. Most squabble over healthcare. http://www.cnn.com/2017/02/14/politics/kfile-roy-blunt-flynn-investigation/index.html
February 27 – Trump makes major cuts to agencies and dumps all $54 billion of it into defense spending. They’re going to need it. https://www.washingtonpost.com/powerpost/trump-to-propose-10-percent-spike-in-defense-spending-massive-cuts-to-other-agencies/2017/02/27/867f9690-fcf2-11e6-99b4-9e613afeb09f_story.html?utm_term=.ed55293971c8
February 28 – Amazon has a major failure and the East coast US suffers an internet outage. http://bgr.com/2017/02/28/internet-outage-amazon-web-services/
March 7 – North Korea finally gets its missiles to survive launch and sends 4 towards a US base in Japan. I suspect Russia has made them aware of the vulnerabilities that had been plaguing their program. The US deploys its own missiles in South Korea. https://www.nytimes.com/2017/03/07/world/asia/thaad-missile-defense-us-south-korea-china.html
March 16 – Dan Coats, an anti-Russia senator is appointed by Trump as Director of National Intelligence, James Clappers old position. Kind of poetic really. A concept stolen from Russia, turned into a monster by Clapper, stolen back by Russia and used to remove Clapper, whose successor is now sent to kill it.
March 23 – Senate Republicans vote to allow the sale of citizen’s private browser history. Making the kind of data collection and manipulation I suspect Cambridge Analytica of doing, now legal for future use. https://www.buzzfeed.com/hamzashaban/the-republican-controlled-senate-votes-to-strip-internet?utm_term=.duwxxZYeY5#.sygwwvZkZj
March 30 – Michael Flynn offers to testify on Russia.
April 4 – 4 days after Tillerson had told Assad he could stay in power, Assad appears to drop chemical weapons on his own people. Assad denies it. The receiving hospital is also hit with conventional weapons in an effort to kill surviving witnesses. I believe it was Russia embarrassing the US.
April 7 – In response Trump hits a nearly empty airfield with 59 Tomahawk missiles. We’re told that it was retaliation against Syria and that Russia was warned beforehand and evacuated. I don’t believe they were. I believe Trump picked the most empty airfield shared by both Syria and Russia where damage would be minimal and bombed it without warning to either of them in an attempt to scare Russia. Russia condemns the strike and suspends air cooperation with the US. The airfield returns to operations the same day.
April 8 - The Shadow Brokers post an open letter to Trump that begins *“Respectfully, what the fuck are you doing?” * and telling him to remember his base, remember who got him elected. Again, I believe this is Putin speaking directly to Trump. He hints at the dirt he either has or can plant on McCain and Lindsay Graham, if only Trump will ask. The things he hints at are extreme. It is at this point that I now suspect Putin has gained this kind of information on a vast majority of our government and business world. Even if the blackmail victims are willing to face the shame to alert us to what’s happening, they’re warned that if the operations is exposed, everyone’s secrets will be released. The country would suddenly need a special election for half of its government and half of its corporations would crumble. It would be chaos. Mutually assured destruction. All anyone caught by Putin can do, is furrow their brow and be deeply disturbed.
In this same letter the Shadow Brokers ask Trump why he hasn’t yet filed charges against all powerful entities in the US. “Doing so, you could be seizing all their IT systems, freeze their financial assets, arrest key leadership.” This was a key step in Putin’s rise to power. I believe that even if Trump and Putin are having a couples squabble, Putin still needs Trump to remember this step. They release more of the NSA code as punishment. https://medium.com/@shadowbrokerss/dont-forget-your-base-867d304a94b1
The emergency siren system in Dallas is set off. https://www.usatoday.com/story/news/2017/04/08/hacker-triggers-all-156-emergency-sirens-dallas/100212412/
April 12 – Tillerson is sent to Moscow to meet with Putin to discuss tensions “over the Syria strike”. They are unable to come to agreements.
April 13 –Trump drops the Mother of All Bombs on Afghanistan for Russia to see.
April 14 - The Shadow Brokers dump more NSA exploits. Included in this batch is EternalBlue, one of the most destructive exploits that’s been seen in years.
April 14 – North Korea, whose missiles can now fly in a more or less straight line, threatens a preemptive strike on the US. The US threatens a strike back. Trump gets out of town and heads to Mar-a-Lago just in case. http://thehill.com/policy/international/328796-north-korean-official-warns-of-preemptive-strike-of-its-own
http://www.nbcnews.com/news/world/u-s-may-launch-strike-if-north-korea-reaches-nuclear-n746366
http://www.cnn.com/2017/04/14/politics/donald-trump-north-korea-mar-a-lago/
April 15 – North Korea unveils an ICBM that can theoretically hit all of the United States. I believe that in exchange for stopping America’s sabotage of their nuclear program, NK is acting as Russia’s nuclear attack dog. He’s long wanted to be the one to do it. Now he’ll have Russian defense if he does.
April 21 - The power grids in New York, LA and San Francisco fail, it’s blamed on mechanical failure. https://www.inverse.com/article/30635-everything-we-know-la-nyc-sf-power-outages
May 9 – Comey is fired by Trump as he works on the Russian investigation. Trump justifies it by quoting and mocking Chuck Schumer with a tweet… *“Cryin' Chuck Schumer stated recently, "I do not have confidence in him (James Comey) any longer." Then acts so indignant.” *
May 12 – The Wanna Cry ransomware scares the world. Built from the previously released EternalBlue exploit, it begins in Russia and races across the globe, locking computers and demanding a bitcoin ransom. It looks to be a catastrophic infection. Our hospitals are particularly crippled by it. The name mocks Trumps own words days before.
May 13 – By dumb luck a kill switch is left in the Wanna Cry code and British security researcher Marcus Hutchins disables it by registering a $10 website domain. What should have been a ransom in the billions of dollars tops out at $130,000. https://www.malwaretech.com/2017/05/how-to-accidentally-stop-a-global-cyber-attacks.html
After the attack, Kaspersky Labs will identify North Korea as being the attacker. North Korea will deny it. Later, Kaspersky will be cut out of the defense budget and banned from US government computers. Later still, Kaspersky will file an antitrust lawsuit against Microsoft, claiming that Windows 10 removes Kaspersky software from users computers when they upgrade.
https://www.cyberscoop.com/kaspersky-banned-us-dod-ndaa-russian-influence/
https://www.theverge.com/2017/6/6/15745164/kaspersky-antitrust-complaint-microsoft-european-commission
May 27 – British airways has a massive system failure which they blame on outsource employee ineptitude. I suspect this is a warning to Theresa May in response to England preventing Wanna Cry. “Stay out of this.” http://www.mirror.co.uk/news/uk-news/british-airways-caused-bank-holiday-10520182
June 7 – Amazon goes down. https://www.theverge.com/2017/6/7/15759046/amazon-product-pages-down-outage-offline-503
June 19 – A cyber analyst finds an unsecured Amazon server owned by GOP voter targeting firm Deep Root Analytics with almost all American voters records and analytics that predict who they will vote for and why. This confirms my suspicions that Cambridge Analytica used the same method to influence the presidential election. I believe that since the March 23 legalization of the selling of citizens browser histories, the GOP has been building its own voter prediction software in order to win the 2018 elections without help from Russia’s stolen data. http://www.zdnet.com/article/security-lapse-exposes-198-million-united-states-voter-records/
June 19 – All major cellular carriers go down. http://www.cbsnews.com/news/cell-phone-internet-outages-reported-across-the-u-s/
June 19 – Microsoft Skype goes down. https://techcrunch.com/2017/06/20/skype-outage-causing-connectivity-issues-company-says-its-a-global-incident/
June 27 – The Petya ransomware, built on EternalBlue, the second iteration of Wanna Cry, hits the world but seems targeted at Ukraine. Paying the ransom in this case does not unlock the data, Petya is tailored for maximum damage. https://en.wikipedia.org/wiki/2017_cyberattacks_on_Ukraine
June 30 – Microsoft Office 365 goes down. https://www.exoprise.com/2016/07/01/office-365-email-outage-june-2016/
July 3 – Chase bank goes down. https://www.washingtonpost.com/news/business/wp/2017/07/03/chase-bank-website-down-ahead-of-independence-day/?utm_term=.2135e79c6c8b
July 3 – NASDAQ suffers an attack. http://www.wired.co.uk/article/nasdaq-hack-july
July 4 – USS Hornet and much of Alameda California are hit by a power failure, 4th of July events are canceled. http://www.eastbaytimes.com/2017/07/04/alameda-power-outage-knocks-out-july-4-celebration-at-uss-hornet/
July 27 – HBO suffers the largest Hollywood hack in history. https://www.cnbc.com/2017/08/02/largest-hollywood-hack-in-history-may-have-compromised-hbo.html
July 30 – East coast power grid goes down. https://www.nytimes.com/2017/07/30/us/outer-banks-evacuation-power.html
Putin is livid.
August 3 - Marcus Hutchins, the man who saved us from Wanna Cry, is arrested by Trumps new CIA director on unrelated charges while he is in the US for a conference. He now faces 40 years in prison. https://www.theguardian.com/technology/2017/aug/03/researcher-who-stopped-wannacry-ransomware-detained-in-us
August 3 – Trump is finally forced to sign the Russian sanctions bill, making his position official. Putin will not be paid for services rendered.
August 5 – Trump schedules a vacation to be out of Washington DC for much of the next month. http://www.cnn.com/2017/08/04/politics/donald-trump-vacation-obama/index.html
I am nervous about August.
submitted by justajackassonreddit to esist [link] [comments]

Numerous Countries Have Made Bitcoin (BTC) Illegal Even Though It’s Impossible to Ban Bitcoin

Numerous Countries Have Made Bitcoin (BTC) Illegal Even Though It’s Impossible to Ban Bitcoin

https://preview.redd.it/rx609t11ezf21.png?width=690&format=png&auto=webp&s=5421b72a809cfa286557b1831bfa4759753ab268
https://cryptoiq.co/numerous-countries-have-made-bitcoin-btc-illegal-even-though-its-impossible-to-ban-bitcoin/
Bitcoin is secure, decentralized, and can be anonymous when users take the proper precautions. These characteristics make Bitcoin resilient in the face of government bans, but that doesn’t mean governments have given up on trying to ban Bitcoin or at least rein in the technology.
Here, we present a rundown of how various countries regulate — or fail to regulate — Bitcoin.
According to a Wikipedia page on the legality of Bitcoin (BTC) in various countries, along with Bitcoin Market Journal and Coin Dance, Bitcoin is banned to varying degrees in Algeria, Afghanistan, Egypt, Macedonia, Morocco, Bolivia, Colombia, Ecuador, Saudi Arabia, Jordan, Iran, Bangladesh, India, Nepal, Pakistan, China, Taiwan, Cambodia, Indonesia, Nigeria, Thailand, Vietnam, Zimbabwe, and Brunei.
In some of these countries — Algeria, Egypt, Bolivia, Ecuador, Bangladesh, Cambodia, Pakistan, Morocco, and Nepal — Bitcoin is absolutely banned and cannot be held or transacted.
In India, Jordan, Indonesia, Thailand, Vietnam, and Iran, banks are forbidden from facilitating Bitcoin transactions, but it is still possible to hold and trade Bitcoin peer to peer.
Other countries like Colombia, Taiwan, and Saudi Arabia have said there is no legal recourse for those who deal with Bitcoin and lose money, and these governments urge citizens to avoid Bitcoin. China has effectively banned fiat to Bitcoin trading, but most of Bitcoin’s hash power is in China, making the situation unclear.
Banning Bitcoin is like trying to ban mosquitoes. In Florida, during the rainy season, there is something called mosquito patrol which drops poison on mosquitos from airplanes. The mosquitos have evolved to be resistant to the poison, and no amount of poison can get rid of the mosquitos.
Likewise, several countries around the world have banned Bitcoin to varying degrees, and they have deployed various law enforcement measures and banking regulations to inhibit the use of Bitcoin. However, Bitcoin users in such places have become resistant to censorship by using IP switching technology like VPNs and Tor, changing their Bitcoin address with every transaction, and creating underground peer to peer Bitcoin dealing networks instead of using exchanges. Stealth cryptocurrencies like Monero (XMR) and Dash (DASH) can also be used to enhance anonymity in places where cryptocurrency is illegal.
In 2014 Ecuador created a national cryptocurrency and banned all other cryptocurrencies. The national cryptocurrency of Ecuador failed, however, and Bitcoin use has been increasing across the country despite the law. Further, there are active Bitcoin nodes in Ecuador.
Additionally, as of this writing, there are active Bitcoin nodes in Bolivia, Colombia, Vietnam, Taiwan, China, Iran, Indonesia, Cambodia, Thailand, and India. The presence of active nodes in these countries is a testament to Bitcoin’s decentralized nature. Bitcoin can be run on any computer in the world, and the software works regardless of the law. With proper IP encryption via VPN or Tor, there would be no way for the governments of these nations to know that a citizen is running Bitcoin.
In Africa, Bitcoin has been declared illegal in Algeria, Egypt, and Morocco. Despite this, there is clearly Bitcoin trading in Egypt and Morocco, according to data from Localbitcoins. Other countries that have varying degrees of Bitcoin bans but still have active peer to peer Bitcoin trading on Localbitcoins include China, Colombia, India, Iran, Indonesia, Pakistan, Saudi Arabia, Thailand, Nigeria, and Vietnam.
In several of these countries peer to peer Bitcoin trading is perfectly legal. However, the fact that there is peer to peer Bitcoin trading in countries where Bitcoin is completely banned like Pakistan shows that it is nearly impossible to stop peer to peer Bitcoin trading.
submitted by turtlecane to CryptoCurrency [link] [comments]

Gresham's Law helps explain why people are hoarding Cryptocurrency

Gresham's law
In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will disappear from circulation.
The law was named after Sir Thomas Gresham, a sixteenth-century financial agent of the English Crown in the city of Antwerp, to explain to Queen Elizabeth I what was happening to the English shilling. Her father, Henry VIII, had replaced 40 percent of the silver in the coin with base metals, to increase the government's income without raising taxes. Astute English merchants and even ordinary subjects would save the good shillings from pure silver and circulate the bad ones; hence, the bad money would be used whenever possible, and the good coinage would be saved and disappear from circulation.
When people have a choice of which to spend and which to hoard, they will tend to hoard the money that is a better money.
The problem for all forms of fiat is that they are inferior for holding. No one wants to hold a currency that is inflating. Fiat has become a hot-potato that everyone wants to get rid of and no one wants to be left holding.
This is manifesting in the form of rapid gains across the entire cryptosphere, in practically all of the leading coins.
The vast majority of people buying crypto today do not actually understand why this is happening, they have only identified it as a phenomenon that has now trended in the same direction long enough, for so many years, that they have significant confidence it will continue to rise.
However this trend is not good news for the people that control fiat and derive a large part of their wealth and power from their ability to shift the cost of printing more money onto the population at large and thus to enrich themselves dishonestly.
Note today that South Korea is undertaking an emergency meeting to figure out what to do about cryptocurrency investing after South Koreans "discovered" bitcoin recently and began going in deep.
Cryptocurrency, in all its leading forms, being inherently a better money than any form of government fiat simply because it is not subject to the whims of human management and corruption, is becoming a prime way for the masses to save.
This is on the doorstep to creating a viable competitor to the stock market as a way to save. A large amount of the money now tied up in cryptocurrency undoubtedly would've found its way into Wall St. and similar traditional investment vehicles like property, had cryptocurrencies not existed.
So all fiat is inferior for holding, and this was good for the stock markets of the world and the property markets of the world. This is a problem because someone has to hold fiat. And if all the world begins trying to get out of fiat and into cryptocurrencies, that has potential to creates the nightmare scenario that the state dreads above all: hyperinflation as people rush to escape a failing currency and those left holding the bag last lose most.
This is why the US government is concerned about bitcoin, why places like Russia and China keep announcing bans or controls and then walking back on those ideas when they realize that bitcoin transactions cannot be regulated by the state in any reasonable way (well, they could turn off the internet, but that would result in open revolt of the populace, rock and hard place), and why South Korea is concerned now. The worst-case scenario for government is total repudiation of their currencies, ala Ecuador.
But at the same time, the US government, and many other governments, have become afraid to take a hard line against new technologies because they all want to ride the wave of technological innovation and earn taxes from new industries that pop up, and they would rather not chase those industries into other countries and find themselves left out of the new technological bonanza.
This also helps explain why multiple cryptocurrencies are doing well instead of just one, because the leading cryptocurrencies all have the properties of a good currency, better than fiat, and cryptocurrencies won't actually have to compete strongly with each other until fiat is replaced or deprecated worldwide.
So why has BTC done better than all other cryptocurrencies in terms of unit price to this date apart from inflation-arbitrage. It's primarily because of mindshare and exposure and good-press.
Think of BTC as being to cryptocurrency what AOL was to the internet in the 90's. At that time, AOL had created its own walled-garden and was on-boarding large numbers of people into using the internet in a safe and idiot-friendly way, while offering none of the power-features of the real internet.
For the purposes of this analogy, Bitcoincash is the real internet of the 90's.
And while massive numbers of people got into the internet for the first time through using AOL, it wasn't long before they realized they lived in a walled garden and the real thing was on the other side of that wall, and the whole world ultimately made the jump to the real internet.
That is why so many of us think BTC will do well in the short-term as people are on-boarding into cryptocurrency through BTC, but that in the long-term, people will begin to realize that BCH is the real thing and why are we bothering to put up with the AOL of cryptocurrencies when this other thing, BCH, works so much damn better?
And value will begin leaking out of BTC and into BCH, especially as use cases for BCH begin to multiply and an ecosystem of use-cases are built on top of BCH as a platform. That will begin to multiply the network-effect. And BCH devs are wisely keeping the use-cases as wide open as possible, that allows path-dependence effects to stay wide-open as well, allowing that ecosystem to grow.
An ecosystem that the BTC-Core devs have already destroyed, strangling the baby in its crib, btw.
So, in the same way that we had to educate the masses about cryptocurrency in general, it is now our task to explain to them why Bitcoincash is where focus needs to be going forward.
Honestly, the hard work of validating the cryptocurrency concept is already done, now the job is to compete within the class, and we have every advantage.
submitted by Anenome5 to btc [link] [comments]

Elisia the Blockchain revolution!

Elisia the Blockchain revolution!
Elisia is the most exciting development in the blockchain world since Satoshi Nakamoto unleashed Bitcoin in 2008. Elisa provides lightning fast transactions with no fee. Each Elisia transaction will reach its destination in lightning speed without any fee to sender or receiver! Decentralized Applications (DAPPS) can be created with ease and deployed on the Elisia network with a click of a button without any fee for deployment. #ELISIA #ETH #BLOCKCHAIN

https://preview.redd.it/7ntpozv0du521.png?width=800&format=png&auto=webp&s=2506b29a9aecab23ab902a84e5fb80531f578476
Type:ICO
Category:Finance
Verified team:NoWhitelist of investors:Yes
KYC of investors:Yes
Goal of funding (Soft cap):5.000 ETH
Goal of funding (Hard cap):50.000 ETH
Tokens for sale:750.000.000 ELSA
Token price:1 ELSA = 0.0001 ETH
Airdrop program:Yes
Bounty program:Yes
Have escrow agent:No
Have working prototype:No
White paper:Open
Currencies:ETH
Platform:Ethereum
Token type:ERC20
Type:Utility token
Location:Australia
Restricted areas:China, Ecuador, Nepal, Pakistan
Website:https://elisia.io
submitted by Lilit777 to IcoInvestor [link] [comments]

En busca del exito. Derrota la crisis

Lo peor que podemos hacer es aceptar las cosas tal y como están y aprender a sobrevivir en una realidad con la cual no estamos conforme.
Pensar que el éxito no es para nosotros sino para personas increíblemente preparadas; día a día sentimos que la vida que sentimos merecer, todo aquello que anhelamos se nos va.
Sin embargo, vemos como otras personas superan sus miedos, rompen barreras se arriesgan y hacen suyos los sueños que una vez fueron nuestros.
Esto me pasó a mí... Y seguramente si No a ti, conoces a alguien que está o estuvo en esta misma situación.
Hola, Mi nombre es Samuel y he tratado de ser un emprendedor en internet desde el año 2015 intenté muchas formas de ingresos con muy pocos resultados hasta ahora.
Mi problema radicó al igual que mucho emprendedores intenté ganar dinero en la internet con programas que prometen mucho, pero en realidad son una trampa como Gana dinero fácil, Retorno del 90%, dinero gratis, seamos consientes ¿Quién da dinero grátis?
Muchos de estos métodos realmente dejan muchos beneficios económicos a algunos y haciendo perder mucho dinero a otros ya que no tiene integrado valores como la Honestidad, Integridad, Transparencia y la Justicia. (Pay per click, Trading, y otros esquemas piramidales que encontré por la red)
En cambio otros que si me funcionaron sentí que eran muy desgastante como el dropshipping, mi novia y yo abrimos una tienda en Ebay y otra en Amazon, nos fue bastante bien, pero el canibalismo de precios es demasiado alto y la rentabilidad cada día se hace más pequeña así que trabajábamos demasiado para poder tener ingresos moderados y después de un tiempo decidimos dejarlo.
Al final de este arduo camino encontré dos métodos que realmente me han funcionado, pero quiero aclararles, no son métodos de hazte rico fácilmente o gana dinero fácil, sino métodos de visión, convicción, paciencia y disciplina.
La primera de ellas debes saber inglés o al menos inglés intermedio, se te facilita si tienes conocimientos o experiencia en marketing en redes sociales y mejor aún si tienes seguidores en canales como facebook, instagram, youtube u otras redes. Así que si eres un influencer, youtuber o tienes muchos fans, con esta oportunidad la puedes hacer fácilmente.
Las compensaciones por comisión de ventas son altas y es una oportunidad que todos los expertos en marketing o influencers de cualquier parte del mundo pueden aprovechar, además te dan 15 días de pruebas sin costo, sin necesidad de tarjetas de crédito u otra forma de pago.
Si deseas más información, nos gustaría que veas el siguiente video, sólo déjanos tu primer nombre y tu email aquí http://bit.ly/2SPEZby
La segunda opción y por la que más temor sentía, actualmente es con la que mejor me siento, para aprender este negocio no tienes que exponer tu dinero y eso es lo grandioso, una vez que te registras en la página te agregamos a grupos de WhatsApp y Telegram, puedes asistir los zoom o webinars en vivo donde podrás conocer nuestra comunidad.
En esta comunidad podrás interactuar con personas de diversas partes del mundo, Argentina, Paraguay, Venezuela, México USA, etc, el objetivos es que aprendas del grupo, consultes, disipes tus dudas y si te convence y te sientes seguro entonces procedes a invertir, nadie te forzará a invertir, nadie te presionará para que lo hagas tú y sólo tú decides cuando es el momento ideal.
Requiere al menos una inversión mínima de $40, requiere tener una visión de mediano plazo para lograr ingresos increibles.
Regístrate y contáctanos http://bit.ly/2CwW4jA Te repito registrarse es gratis puedes contactarnos por Messenger o manda un email a [email protected] o si necesitas más información más información déjanos tu primer nombre, tu email y tu país http://bit.ly/2B4ZYQL
Recuerda es mejor haberlo intentado que vivir toda una vida de arrepentimiento o imaginando los resultados de aquella valiente acción que no realizaste.
Saludos.

earnmoney #earnmoneyonline #makemoneyonline #makemoney #passiveincome #AffiliateMarketing

WorkFromHome #bitcoin #TRX #TRON #venezuela #Argentina #ecuador #uruguay #paraguay #chile #china #usa #españa #mexico #canada #américa #guatemala #salvador #Honduras #Nicaragua #CostaRica #belize #panama #colombia #bolivia

submitted by ylopmart to u/ylopmart [link] [comments]

Elisia the Blockchain revolution!

Elisia the Blockchain revolution!
Elisia is the most exciting development in the blockchain world since Satoshi Nakamoto unleashed Bitcoin in 2008. Elisa provides lightning fast transactions with no fee. Each Elisia transaction will reach its destination in lightning speed without any fee to sender or receiver! Decentralized Applications (DAPPS) can be created with ease and deployed on the Elisia network with a click of a button without any fee for deployment. #ELISIA #ETH #BLOCKCHAIN
Type:ICO Category:Finance Verified team:NoWhitelist of investors:Yes KYC of investors:Yes Goal of funding (Soft cap):5.000 ETH Goal of funding (Hard cap):50.000 ETH Tokens for sale:750.000.000 ELSA Token price:1 ELSA = 0.0001 ETH Airdrop program:Yes Bounty program:Yes Have escrow agent:No Have working prototype:No White paper:Open Currencies:ETH Platform:Ethereum Token type:ERC20 Type:Utility token Location:Australia Restricted areas:China, Ecuador, Nepal, Pakistan Website:https://elisia.io
https://preview.redd.it/luil1t9sv3z11.png?width=852&format=png&auto=webp&s=3b01e4696fe2479fe61f4f01a17c5289ac4aeebb
submitted by Lilit777 to BountyICO [link] [comments]

5 Countries Where Bitcoin Is Illegal

5 Countries Where Bitcoin Is Illegal
Bitcoin has increased a lot in popularity since it was created in 2009 but there still remain several regions around the world where it, and other cryptocurrencies such as Litecoin and Ethereum, are classified as illegal and not recognized as a legitimate form of currency.
In North America it’s completely legal to sell, trade, and buy so you don’t have to worry about it. However, if you are going abroad you have to know in which country you have to be very careful. Bitcoin isn't accepted everywhere just yet.
Bitcoin in Morocco
Bitcoin and other cryptocurrency transactions were officially outlawed in Morocco in November 2017, possibly in response to a major Moroccan digital services company, MTDS, announcing a few days prior that it would begin accepting Bitcoin payments.
Sending and receiving payments via any cryptocurrency in Morocco is punishable by fines.
Bitcoin in Bolivia
Cryptocurrencies have never been legal in Bolivia and the government has been known to enforce its anti-Bitcoin stance rather firmly. People caught using Bitcoin and other cryptocurrencies can be fined and a number of users have even been arrested on more than one occasion for trading and mining Bitcoin.
Bitcoin in Ecuador
Ecuador outlawed Bitcoin and other cryptocurrencies in mid-2014 as part of its financial reform plans. The ban on Bitcoin was seen by many as a way to reduce competition with the country's own digital currency system (Sistema de Dinero Electrónico). This official Ecuadorian currency isn't a cryptocurrency it's simply a digital money solution based on traditional money and valued after the American dollar.
Anti-Bitcoin laws don't appear to be too strict in Ecuador as there are still several ways to buy and sell Bitcoin and other cryptocurrencies domestically. Enforcement isn't as strict as other countries like Bolivia and Bitcoin is seen as something that might be technically illegal but is still used by a small number of the population.
Bitcoin in China
The trading of Bitcoin and other cryptocurrencies was banned in China in September 2017. Due to the technology being so popular in the country before the ban though, the change in law hasn't ceased its use completely and many Chinese people continue to trade cryptocurrencies via in-person trades and chat apps like Telegram and WeChat.
Bitcoin in Nepal
Nepal's stance on many aspects of Bitcoin and cryptocurrency is a little ambiguous however it has been confirmed that the trading of Bitcoin is considered illegal following several arrests of Bitcoin traders in 2017 that resulted in a combination of fines and jail terms for those involved. Attempting to use Bitcoin and other cryptocurrencies in Nepal is not recommended.
Bitcoin Laws Change as Much as Bitcoin's Price
Due to how new cryptocurrency technology is, most countries are still trying to figure out how to adapt to the numerous digital currencies that have sprung up in the past decade.
There remains a lot of debate globally around not only if Bitcoin and other cryptocurrencies should be recognized as legal tender but also if they should be taxable, how cryptocurrency trading should be regulated, and whether or not governments should monitor mining (the process in which cryptocurrency transactions are processed).
Cryptocurrency laws frequently update in many countries as the technology evolves and usage increases.
Bitcoin and International Travel
Laws and regulations relating to Bitcoin and other cryptocurrencies can change several times a year as financial institutions adapt to the market and government opinion shifts. If planning a trip overseas, it's highly recommended to research the target country's Bitcoin policies beforehand via an official government website. This is especially important if traveling for business.
It's unlikely, as a tourist, that you'll be arrested in a country where cryptocurrency is banned for simply having a Bitcoin wallet on your smartphone or for carrying your hardware wallet in your pocket. Simply don't ask to pay in Bitcoin where it's not allowed and be careful of strangers encouraging you to do so if it's against the law.
Source: Lifewire
https://preview.redd.it/db3wnzib6th11.png?width=1300&format=png&auto=webp&s=108b0eb6928a5be86e2b359b9d13d5bacc56bfd5
submitted by Lumi_wallet to LumiWallet [link] [comments]

What does China own in the U.S.?  CNBC Explains - YouTube Criptomonedas en Ecuador  ENTORNO  07 MARZO 2019 YouTube Como monetizar Bitcoins en ECUADOR Banco Central del Ecuador - Comunicado Oficial sobre Uso de Bitcoins en Ecuador  Ecuador BITCOINS

Buy bitcoin instantly in Ecuador Paxful is the best place to buy bitcoin instantly with any payment method. Now you can trade your bitcoin to any payment method in a fast, easy and secure method provided by Paxful. Invest in bitcoin easily and securely. Paxful is best place to buy, sell and send bitcoin with over 300 ways to pay for bitcoin ... Unsurprisingly, China’s Great Firewall makes buying and trading Bitcoin extremely difficult within the country’s digital borders–unless you have a VPN, that is. We’ll show you the best VPNs to unblock cryptocurrency exchanges in China while maintaining your privacy against the prying eyes of the Chinese censors. Bitcoin ATMs In Ecuador. As of March 26th, 2020, there are a total of 3 Bitcoin ATMs in Ecuador to buy bitcoin in person. A couple of them are located in the city of Quito, while the other Bitcoin ATM is located in Tena. Comprar Bitcoin y otras criptomonedas en Ecuador. Para comprar Bitcoin no existe una única alternativa. En la actualidad, se puede comprar Bitcoin desde cajeros automáticos, gift cards, trades (canjes de monedas locales por Bitcoin) online e incluso comercios cara a cara, posibles en caso de conocer poseedores de Bitcoin en un lugar de residencia cercano. Las opciones son más amplias cuanto ... Even though Bitcoin is illegal in China and the government is actively cracking down, that hasn’t stopped Chinese entrepreneurs willing to take major risks. Here’s a chart from August 2019 showing all active Bitcoin nodes around the world. As you can see, despite the Chinese government’s regulation efforts, illegal Bitcoin mining is still very active in China. Map showing the ...

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What does China own in the U.S.? CNBC Explains - YouTube

uso bitcoin ecuador, bitcoin uso ecuador, bitcoin, bitcoins, wallets cryptomonedas, cryptomonedas wallet, denuncias criptomonedas, como recuperar btc perdidos, criptomonedas, cryptos, comprar ... Keiser Report en Español: China fracturada (E1379) - Duration: 26:03. RT en Español 37,853 views. 26:03 "El bitcóin es como el oro, pero sin gobiernos de por medio" (E1266) - Duration: 25:52. ... Billions of dollars flow into the U.S. from China every year. CNBC’s Uptin Saiidi explores some of China’s biggest assets in New York and explains how the tr... Compra bitcoin en Ecuador de una forma muy fácil 2019 ... 12:50. SEMINARIO Como Importar de China, Asia y otros Países de Forma Segura - Duration: 2:05:00. Unidad de Tecnología Educativa ... La guerra comercial entre Estados Unidos y China esta generando oportunidades únicas para invertir... descubre cómo ganar dinero Comparador de Broker: http:/...

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