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Voici LA chronique à découvrir, intitulée: La guerre contre Bitcoin. Idéal pour comprendre certains tenants et aboutissants

Voici LA chronique à découvrir, intitulée: La guerre contre Bitcoin. Idéal pour comprendre certains tenants et aboutissants… Bonne découverte!
La guerre contre Bitcoin
Bitcoin est peut-être le meilleur outil de liberté économique de cette génération, et peut-être depuis plusieurs générations. Malheureusement, Bitcoin a été furieusement étouffé par une guerre civile brutale depuis environ cinq ans maintenant; menée par des ingénieurs sociaux professionnels de certaines des entreprises les plus puissantes des médias sociaux. Leur talent dans l'art et la science de la manipulation a permis aux "Bitcoiners" de se battre largement entre eux plutôt que de chercher à créer des modèles commerciaux innovants basés sur les données qui pourraient révolutionner l'économie mondiale via Bitcoin.
À la suite de la guerre civile de Bitcoin, trois versions concurrentes de Bitcoin ont vu le jour (BTC, BCH et BitcoinSV ), mais il en est de même pour environ 3000 autres projets et jetons de « crypto-monnaie » se faisant passer pour des entreprises légitimes, souvent jusqu'à un "exit scam" presque garanti, le fait de disparaitre du jour au lendemain avec tout l'argent des utilisateurs. Le principal bienfaiteur de la guerre civile Bitcoin a été Ethereum: une cryptomonnaie qui fonctionne comme une machine à états mondiale et permet un déploiement facile de tokens et de contrats intelligents. Mais le protocole Ethereum ne peut pas évoluer, et parmi les milliers de projets lancés, seule une poignée pourrait même être présentés comme pouvant devenir des entreprises légitimes. La plupart des autres sont des stratagèmes de Ponzi ou des émissions d'actions illégales enrichissant les développeurs et escroquant les investisseurs amateurs.
C'est dans ce contexte que les défenseurs de BTC et de BCH, les porte-parole d'Ethereum et les altcoiners (nom donné pour englober toutes les autres cryptomonnaies) de tous bords s'alignent pour attaquer sans cesse le protocole Bitcoin préservé uniquement par le réseau BSV. Une industrie composée presque entièrement de criminels, de fraudes et d'arnaqueurs s'est unie contre BSV citant - et c'est là l'ironie! - une prétendue fraude et arnaque présumée qui serait l'existence même de BSV.
Nous devons nous demander pourquoi ?
Quel est le différenciateur clé de BSV?
Pourquoi tous les arnaqueurs se sont-ils unis contre lui?
Je suis fermement convaincu que pour la plupart, la motivation est la peur de la capacité de BSV à absorber l'économie mondiale et tous les autres projets «crypto» qui vont avec. Pour les autres, ou ceux qui ne comprennent pas le pouvoir du Bitcoin, ils sont entraînés dans une guerre civile et culturelle qui les dépasse. Il est essentiel de comprendre les pouvoirs en jeu et leurs implications pour Bitcoin et l'économie mondiale.
Une histoire brève de Bitcoin
Bitcoin a été lancé avec un "livre blanc" sur la liste de diffusion de cryptographie en 2008. Le pseudonyme « Satoshi Nakamoto » a déclaré une solution au problème de la double dépense. Or il s'agit là du problème de tous les systèmes de paiement électronique précédents, et c'était le seul facteur limitant l'adoption d'une monnaie digitale fonctionnelle. Mais qu'est-ce que le problème de la double dépense ? Pour faire simple, il était impossible de prouver exactement qui possédait quelles unités d'argent sur des registres distribués, de sorte que les utilisateurs ne pouvaient pas avoir confiance dans le système, et ces projets mourraient assez vite. Bitcoin a résolu ce problème avec un concept appelé la « preuve de travail ». Il pose la question: qui a utilisé le plus de puissance de calcul pour résoudre des énigmes arbitraires ? ceci afin de rendre compte de l'état du registre d'une manière qui coûte de l'argent, de sorte qu'il y ait une incitation économique à tenir un compte honnête des avoirs de chacun des participants. Ce processus est souvent appelé « exploitation minière » car les nœuds honnêtes qui maintiennent l'état du registre sont récompensés pour leur travail avec des nouveaux Bitcoins toutes les dix minutes - un peu à la même manière d'un mineur d'or qui est récompensé par de l'or en échange de son travail.
Étant donné que Bitcoin n'avait aucune valeur lors de son lancement, il était extrêmement facile à miner et également gratuit d'envoyer des tonnes de transactions. En théorie, il s'agissait d'un vecteur d'attaque par déni de service (DoS). Une attaque DoS ou DDoS se produit lorsque les nœuds d'un réseau sont inondés de plus de données qu'ils ne peuvent en gérer et qu'ils se mettent donc à planter. Sur le jeune réseau Bitcoin, un crash comme celui-ci aurait été considéré comme un échec du réseau. Pour empêcher cela, un plafond de 1 Mo de données par chaque dix minutes de transactions a été codé en dur dans le logiciel - semant la première graine de la guerre civile Bitcoin. De 2009 à 2017, cette limite de 1 Mo sur le total des transactions était l'aspect technique le plus controversé du bitcoin et le déclencheur de la plus grande guerre civile virtuelle de l'univers de la cryptomonnaie.
Pourquoi est-ce aussi important?
Une seule transaction basique Bitcoin est relativement petite du point de vue des données, donc 1 Mo toutes les dix minutes donne environ trois à sept transactions par seconde avant que le réseau ne devienne trop encombré. Satoshi Nakamoto le créateur, a plaidé pour un nombre de transactions du niveau de Visa et bien plus, ainsi que son successeur direct en tant que développeur principal du projet, Gavin Andresen. Certains des premiers Bitcoiners influents comme Mike Hearn et Jeff Garzik ont ​​également plaidé pour plus de données par bloc pour permettre à Bitcoin de se développer et de rester le meilleur système de paiement électronique. Ils étaient pour des «gros blocs» contrairement au camp des «petits blocs» qui préconisaient une permanence de la limitation de 1 Mo des blocs.
Le camp des "petits blocs" estiment que Bitcoin n'est pas un réseau de paiement, mais plutôt qu'il s'apparente davantage à une banque décentralisée conçue pour stocker des Bitcoins qui ne bougent jamais: une sorte de coffre-fort d'or numérique. Ils voulaient que la limite de taille des blocs de 1 Mo reste permanente sous les auspices de chaque personne exécutant un «nœud complet» sans avoir à payer trop d'espace sur le disque dur. Cela signifierait qu'en période de congestion, les frais de transaction deviendraient absurdement élevés, mais cela n'aurait pas d'importance car le bitcoin ne devrait pas être utilisé pour des envois sauf en grosses quantités de toute façon, selon eux. En décembre 2017 les frais de BTC ont ainsi atteint les $50 par transaction. L'autre problème est que s'il est bon marché de rejoindre la gouvernance de Bitcoin, alors le réseau est facile à attaquer par Sybil, et je dirais que BTC est régi par des sybilles à ce jour.
Le camp des "gros-blocs" estime que tout le monde sur terre devrait être en mesure d'échanger et de faire ses affaires sur Bitcoin pour des frais infimes, de l'ordre d'un centième ou millième de centime par transaction, afin d'apporter à la population mondiale la liberté monétaire, y compris aux pays les plus pauvres qui sont gardés en dehors du système actuel car considérés comme pas assez profitables pour des entreprises comme Visa.
Les "petits-blocs" pensent que tout le monde devrait être en mesure de gérer soi-même le registre mondial chez soi, mais que seules certaines personnes très riches devraient pouvoir effectuer des transactions, ce qui est le cas quand les frais sont à $50 par transaction comme en 2017.
Après des années de querelles, en 2017, Bitcoin s'est scindé en deux chaînes distinctes, et en 2018, il s'est à nouveau divisé.
Alors quelle est la différence entre ces trois versions ?
BTC est actuellement la version qui a le prix le plus élevé, avec la plus petite taille de bloc et la plus grande puissance de calcul. On peut dire que BTC à gagné la guerre médiatique. Malheureusement, il est régi par des développeurs et des sybilles qui contrôlent le consensus grâce à une utilisation intelligente de logiciels malveillants appelés «soft-fork» qui leur permet de saper les règles du Bitcoin. Ils utilisent ce pouvoir pour changer les règles des transactions en mentant aux nœuds et en leur disant de les valider quand même. Toute la culture BTC consiste à acheter du BTC afin de le conserver jusqu'à un moment dans le futur où il serait revendu à un prix exorbitant. Le but est de spéculer au maximum. Les paiements avec BTC, particulièrement les petits paiements, ou les transactions de toute nature non-monétaires, sont méprisés.
BCH est un réseau basé sur Bitcoin qui pense que les blocs devraient être à peine légèrement plus grands, mais ils ont également des développeurs en charge des règles, tout comme BTC, et ils pensent que Bitcoin devrait être utilisé uniquement pour le commerce de détail, mais rien de plus. Le réseau change de règles tous les six mois. Les transactions non commerciales sont en général méprisées. Un nouveau scindement de BCH est prévu pour novembre 2020 suite à des conflits internes et l'incapacité à avoir un système de gouvernance dans un projet où les règles changent en permanence.
BSV est la version restaurée du protocole Bitcoin original avec tous les paramètres ouverts afin que les nœuds honnêtes puissent s'engager dans un consensus conformément au livre blanc de Bitcoin - par la preuve de travail ! Le protocole est gravé dans la pierre afin que les développeurs de logiciels ne puissent pas bricoler les règles. Cela permet aux entreprises de planifier des décennies d'utilisation du réseau et d'investir en toute confiance. Il s'agit d'apporter une réelle innovation technologique au monde plutôt que de spéculer. En tant que seul réseau bitcoin totalement sans besoin d'autorisation, le commerce de toute nature est encouragé sur BSV. Tout, allant des réseaux sociaux aux expériences de science des données météorologiques ou aux tests de disponibilité du réseau, est encouragé. Paiements de détail, tokenisation, ou tout autre type de contrat intelligent est simple à déployer sans limitations. Bitcoin SV n'a aucune limite dans son protocole sauf l'esprit humain, l'innovation et l'esprit d'entreprise. Il vise également une adoption mondiale notamment par les pays pauvres afin d'apporter la liberté monétaire et l'inclusion à l'économie mondiale de ceux que les grandes entreprises actuelles comme Visa dédaignent comme pas assez profitables pour leur accorder leur services.
Et c'est la racine de la haine envers BSV.
Les "petits-blocs" ont investi toute leur réputation et leurs moyens de subsistance sur la notion que le bitcoin est incapable de s'adapter. Pendant des années, des experts présumés ont convaincu de nombreuses personnes que les limites de taille de bloc de 2 Mo, 8 Mo ou 22 Mo casseraient littéralement Bitcoin. Ils ont furieusement mis en jeux leur réputation sur ces fausses notions. Et ensuite, BSV a eu de nombreux blocs de plus de 100 Mo. En fait, il y en a même eu quelques-uns de plus de 300 Mo! prouvant que les petits-blocs se trompaient depuis le début sur les limites du réseau. Mais cette prise de conscience est une menace pour l'hégémonie de l'histoire médiatique qui a été crée sur Bitcoin. Depuis 2015, lorsque le Dr Craig Wright est apparu sur les lieux pour expliquer que le bitcoin avait en réalité ZERO limitations, il a créé un tollé massif parmi l'intelligentsia des petits-blocs. Les leaders d'opinion de l'époque étaient payés pour prendre la parole lors de conférences où ils expliquaient à tort que Bitcoin n'était rien d'autre qu'une réserve de valeur rare sans autre utilité, et surtout pas à usage des plus pauvres. Le Dr Wright parlait de l'échelle illimitée du réseau, de son exhaustivité de Turing, de l'objectif d'inclure enfin les plus pauvres dans l'économie mondiale, et d'autres notions inconcevables (à l'époque) sur Bitcoin. Sa passion et ses connaissances se sont heurtées à des calomnies et des railleries. Ils se sont concentrés sur l'attaque de son personnage au lieu de discuter de Bitcoin!
C'est devenu l'une des principales méthodes d'attaque des petits-blocs. Lorsque de gros-blocs parlent des capacités de Bitcoin, ils sont ridiculisés en tant qu'escrocs et le sujet est toujours dirigé très loin de la discussion technique, car les petits-blocs savent bien qu'ils sortiraient perdants. Ils fouillent les dossiers personnels et cherchent des moyens de faire taire les gens du camp des grands-blocs de Bitcoin par des attaques personnelles - de la même manière que les guerriers de la justice sociale s'engagent dans la culture d'annulation contre leurs ennemis politiques.
Qui est le Dr Craig Wright et que fait-il?
Craig Wright est le scientifique en chef d'une société de recherche sur Bitcoin au Royaume-Uni appelée nChain : une société de 150 à 200 informaticiens. Craig dirige l'équipe qui étudie les possibilités de Bitcoin et de ses applications dans le monde. Il est l'un des experts en criminalité numérique les plus reconnus au monde avec les certifications SANS et GIAC ainsi que les titres GSE CISSP, CISA, CISM, CCE, GCFA, GLEG, GREM et GSPA. En outre, il est un polymathe multidisciplinaire de troisième cycle: un doctorat en informatique, économie et théologie et titulaire d'une maîtrise en statistique et en droit commercial international.
En 2015, il a également été exposé par une publication conjointe de WIRED et Gizmodo en tant que Satoshi Nakamoto, le créateur de Bitcoin. Quelques jours après cette révélation, les gens qui le soutenaient ont vu leurs clés d'accès au code de Bitcoin révoquées, et de nombreux autres ont été instantanément bannis. Craig a été mis sous enquête par le bureau des impôts australien pour ce qu'il considérait être une erreur de comptabilisation probable de ses bitcoins. Les retombées ont été agressives et rapides, avec une gigantesque armée de petits-blocs, organisée sur Reddit et d'autres forums, et nouvellement financés par l'argent de la startup pro petits-blocs appelée «Blockstream». Leur message était clair: Bitcoin doit garder de petits blocs. Le Bitcoin ne peut pas évoluer et doit rester réservé aux riches, et toute personne proche de Craig Wright sera harcelée pour se conformer à une armée de comptes Twitter anonymes et sans visage.
Voici un schéma qui retrace les financements de Blockstream et révèle comment le groupe Bilderberg, la banque centrale américaine (FED) et Mastercard on pris le contrôle du réseau BTC via Blockstream afin de le soumettre à leur propre profit: https://imgur.com/eFApDVE
Au cours des années suivantes, Ira Kleiman, frère du défunt Dave Kleiman, a poursuivi Craig Wright en justice pour sa part du prétendu «Partenariat Satoshi Nakamoto», affirmant que son frère Dave était plus impliqué qu'il ne l'était réellement, et l'affaire est en cours actuellement, jusqu'à courant 2021. Ira Kleiman pense que Craig est Satoshi et il a investi une fortune incalculable dans cette attaque et a obtenu l'argent d'investisseurs extérieurs pour poursuivre sa poursuite. Il est clair que les bailleurs de fonds d'Ira pensent que Craig est également Satoshi.
Les critiques qualifient souvent la révélation publique et le procès public de Wright de ternir énormément sa réputation, mais il convient de noter que les deux sont arrivés à Wright malgré sa volonté et qu'il ne souhaitait clairement pas être pris dans l'une ou l'autre situation.
Au lieu de cela, Craig est un défenseur passionné de la vision d'un Bitcoin avec de gros blocs, appelant à la professionnalisation, à la légalisation et à l'utilisation mondiale de Bitcoin pour une utilisation à tous les niveaux du commerce. La réponse à la passion de Craig et à ses affirmations a été d'attaquer sa réputation et d'endosser Internet avec le surnom de «Faketoshi». Lorsque de simples brimades ont échoué contre le Dr Wright, des attaques ont été intensifiées pour remettre en question ses divers diplômes, des pétitions aux universités pour enquêter sur lui pour plagiat dans divers travaux, y compris des thèses de doctorat, etc. Wright a même revendiqué des menaces contre la vie des membres de sa famille et il y a plus qu'une preuve que, selon Ian Grigg, une des légendes de la cryptographie: «des gens sont morts pour Bitcoin, croyez moi, des gens sont morts».
Les attaques en cours
Cela ne peut être assez souligné: la communauté des petits-blocs est construite autour de tactiques d'ingénierie sociale professionnelles. Gregory Maxwell, co-fondateur de la société Blockstream, a été formé à la pratique de l'ingénierie sociale et l'a utilisé de manière si subversive comme un outil de propagande pendant son mandat en tant que modérateur rémunéré de Wikipedia, qu'il a finalement été démis de ses fonctions avec les journaux d'administration citant une litanie d'infractions, notamment:
«Gmaxwell s'est engagé dans la création de faux comptes en masse…» - Alhutch 00:05, 23 janvier 2006 (UTC)
«Menaces, insultes grossières, usurpations d'identité d'un administrateur», -Husnock 03:18, 25 janvier 2006 (UTC)
«Son comportement est scandaleux. Franchement, il est hors de contrôle à ce stade. Son comportement d'intimidation doit cesser.» - FearÉIREANN 19:36, 22 janvier 2006 (UTC)
«Sa liste de contributions est hors de propos. C'est du vandalisme. C'est un comportement auquel je m'attendrais d'un éditeur en furie, et franchement, c'est ce qu'est Gmaxwell.» - Splashtalk 20h00, 22 janvier 2006 (UTC)
«Prétend être un administrateur, menaçant de bloquer les personnes qui ne sont pas d'accord avec lui, fait régulièrement des attaques personnelles» - SlimVirgin (talk) 12h22, 22 janvier 2006 (UTC)
Il passe beaucoup de temps sur Reddit et d'autres forums à semer la peur sur les dangers des gros blocs, et il a été surpris en train de faire semblant d'être plusieurs comptes à la fois en train d'avoir de très longues discussions techniques sur Reddit destinées à submerger les nouveaux arrivants avec ce qui ressemble à un débat intellectuel contre une version de Bitcoin libéré de ses limites.
Qui d'autre est attaqué?
L'autre cible commune de la machine de guerre médiatique anti-BSV est Calvin Ayre: un milliardaire à la tête de l'empire du groupe Ayre. Calvin est un entrepreneur canadien et antiguais qui a lancé un incubateur Internet à Vancouver au tout début du boom Internet. Fils d'un éleveur, Ayre est surtout connu en dehors de l'économie Bitcoin pour la création et la professionnalisation de l'industrie du jeu sur Internet. Plus particulièrement, sous la marque Bodog, Ayre a aidé à moderniser les lois financières américaines obsolètes en poussant les limites dans les marchés gris qui existent où les dollars américains sont utilisés à travers les frontières pour s'engager dans un commerce juridiquement compliqué comme le jeu d'argent. Son travail dans ce domaine lui a valu une petite fortune et un passage sur la liste des «plus recherchés» du gouvernement des USA pour blanchiment d'argent. C'est un point sur lequel les petits-blocs aiment se concentrer, mais ils le sortent complètement de son contexte. Calvin a finalement plaidé coupable à une accusation mais a été le fer de lance de la modernisation des lois américaines qui existent aujourd'hui sur les marchés. Il est respecté pour son travail dans l'industrie du jeu, des médias et de la philanthropie. Calvin est le bienvenu aux États-Unis malgré la critique souvent citée selon laquelle il serait une sorte de hors-la-loi.
Calvin Ayre
Dans l'économie Bitcoin, Ayre est une figure de proue dans la gestion de nœuds Bitcoin honnêtes depuis plusieurs années sous les marques CoinGeek et TAAL, et il est un investisseur dans nChain ainsi que plusieurs startups de l'espace BSV. Bien qu'il soit probablement le plus gros investisseur à ce jour, il n'est pas le monopole que les petits-blocs laisseraient croire. Il est important de comprendre que des segments entiers de l'écosystème BSV existent complètement en dehors de son influence.
Twetch, par exemple, est une entreprise indépendante appartenant à l'écosystème BSV, célèbre pour ses attaques contre les médias sociaux centralisés qui abusent de la censure. Ils sont même connus pour se moquer des entreprises qui acceptent l'argent d'Ayre, en plaisantant que Calvin possède tout sauf Twetch. Bien sûr, ce n'est pas vrai. Un autre excellent exemple est l'investisseur / entrepreneur indépendant Jack Liu : ancien dirigeant de Circle et OKEX. Liu possède la marque de hackathons CambrianSV ainsi que des propriétés précieuses dans l'espace BSV telles que RelayX, Streamanity, Output Capital, FloatSV et Dimely.
Les autres acteurs clés sont MatterPool Mining et leur écosystème Mattercloud: une joint-venture entre des acteurs indépendants de l'écosystème BSV, avec des connexions directes aux protocoles BoostPOW et 21e8 et des relations avec des développeurs BSV indépendants.
Bien sûr, il existe également des marques précieuses financées par Ayre. Il s'agit notamment de la propriété partielle via l'investissement dans HandCash, Centi, TonicPow et Planaria Corp de Unwriter.
Une autre mesure importante à prendre en compte est la distribution de la puissance de hachage (autre nom pour la puissance de calcul du résau). Alors qu'au tout début de BSV, les entreprises appartenant à Ayre représentaient une quantité importante de hachage sur bitcoin, afin d'assurer sa survie, BSV est aujourd'hui en grande partie exploité par des mineurs concurrents de Ayre tels que Binance, F2Pool, OKEX et ViaBTC - dont aucun n'est «ami» de BSV ou d'Ayre, mais beaucoup se déclarent les ennemis. Ces mineurs soulignent bien la nature ouverte et sans permission de BSV qui permet à quiconque de participer, notamment à ses ennemis!
Ayre est un acteur important, mais en aucun cas un contrôleur de la direction de la blockchain ou des entreprises indépendantes dans l'économie BSV.
Mais pourquoi Craig poursuit-il des gens en justice ?
Tout d'abord, et c'est crucial, le procès le plus important de Craig est l'affaire Kleiman. Les autres cas existent uniquement à cause de la diffamation publique du Dr Wright. Le hashtag #CraigWrightIsAFraud circule largement, poussé en grande partie par un mélange de personnages anonymes sur Twitter. Plus particulièrement Magnus Granath AKA «Hodlonaut» a été averti qu'une accusation publique de fraude courait à son encontre. La carrière du Dr Wright est en informatique et en criminalistique numérique, donc le déclarer publiquement une fraude sans preuve cause un préjudice financier au Dr Wright dans son domaine d'expertise commerciale. Puisque «Hodlnaut» a refusé de cesser, on lui a envoyer une requête pour être vu au tribunal afin de pouvoir apporter les preuves de ses accusations. Cela a causé le célèbre podcasteur de petits-blocs Peter McCormack à mendier d'être poursuivi aussi - en augmentant la rhétorique diffamatoire contre le Dr Wright. À la demande de McCormack, il a lui aussi été attaqué en justice pour être vu au tribunal. Le Dr Wright à depuis abandonné tous ses procès pour diffamation à l'exception de celui contre McCormack qu'il souhaite continuer pour faire exemple.
Cela a aussi engendré la campagne #DelistBSV menée en grande partie par «CZ», le PDG charismatique de Binance-Exchange. Divers autres échanges comme Shapeshift et Kraken ont publié des sondages twitter demandant s'ils devaient emboîter le pas, et des petits-blocs bien organisés ont voté en masse pour retirer BSV de leurs échanges - citant la toxicité du Dr Wright pour avoir intenté des poursuites en diffamation contre Hodlonaut et McCormack. Finalement, BSV a été retiré de Binance, ShapeShift et Kraken. Il a également été noté publiquement par Coinbase et Gemini qu'ils ne soutiendraient pas cette version de bitcoin à la suite de ce drame public. Il faut noter qu'après 2 ans, Binance a retourné sa veste et est aujourd'hui devenu un des principaux mineurs de BSV.
Au fur et à mesure que les choses progressaient, le fondateur de bitcoin .com, Roger Ver, a également réalisé une vidéo publique déclarant Wright comme arnaqueur. C'était après avoir travaillé sournoisement avec les développeurs Bitcoin ABC pour coder des points de contrôle dans le logiciel ABC de Bitcoin Cash, divisant de manière permanente le réseau Bitcoin pour la deuxième et dernière fois - un acte auquel le Dr Wright s'était opposé et pour lequel Roger est également poursuivi par d'autres parties privées en Floride. Roger Ver a été averti que s'il continuait, des poursuites juridiques similaires se présenteraient à sa porte pour avoir diffamé le Dr Wright, mais il à décidé de poursuivre les accusations publiques jusqu'à ce qu'il soit également entendu devant le tribunal pour fournir une preuve de la fraude de Wright, sous peine de sanctions pour diffamation publique. Aucune preuve n'a jamais été fournit, mais le Dr Wright a depuis abandonné ses poursuites contre Roger Ver pour se concentrer sur son procès avec Kleiman et celui avec McCormack ainsi que son travail sur Bitcoin.
Et maintenant que se passe-t-il ?
Nous avons établi l'histoire du Bitcoin, de sa guerre civile, des attaques publiques contre Wright, Ayre et BSV. Au moment d'écrire ces lignes, nous pouvons revenir sur les attaques contre Thomas Lee, Tim Draper et Jimmy Wales pour avoir eu une proximité avec BSV. Malgré la pression sociale, le rapport technique Fundstrat de Lee a rendu un examen élogieux du protocole fixe et de l'évolutivité infinie de BSV. Lee et son équipe étaient heureux de prendre la parole lors des événements précédents de CoinGeek, même après le tollé public.
Pour la conférence CoinGeek 2020 à New York, McCormack, Hodlonaut, « Arthur Van Pelt » et d'autres acteurs tels que le Dan Held de Kraken et une cacophonie de trolls anonymes sur Twitter ont mis à profit leur expérience de la culture d'annulation à la bolchevique pour faire pression sur l'orateur Gary Vaynerchuk ainsi que d'autres orateurs prévus pour cette conférence, afin de les forcer à annuler leur participation. Cette attaque sociale contre BSV, Dr. Wright, Ayre et les autres entreprises qui utilisent le réseau BSV pourrait être un gigantesque cas de fraude à la consommation. Ils trompent activement les gens en leur faisant croire que le protocole fixe et l'évolutivité infinie de Bitcoin BSV sont en quelque sorte dangereux, alors qu'en fait, le protocole et le réseau sont imperméables à toutes les attaques, à l'exception de leur ingénierie sociale.
Bitcoin SV s'est développé professionnellement avec un portefeuille de brevets de protection de niveau mondial. Il est utilisé par des entreprises indépendantes afin d'apporter des innovations technologiques et possède un groupe décentralisé de nœuds honnêtes qui se font concurrence. Le réseau est fixe, sécurisé et en croissance grâce aux investissements de petites entreprises et de gestionnaires de capitaux. Les transactions sont instantanées avec des frais de 0.0002€ par transaction en moyenne, explosant tous les records de compétitivité de l'écosystème et permettant aux plus pauvres de la planète d'enfin accéder à l'économie digitale mondiale. Les mensonges sont basés sur une campagne massive de dénigrement perpétrée par les communautés d'autres cryptomonnaies qui craignent l'adoption mondiale de BSV comme outil de commerce et ce que cela signifiera pour eux. L'histoire ne sera pas gentille avec ces manipulateurs et leurs réseaux qui sont financés par les fraudes probables des échanges de crypto-monnaies off-shore, le (très probablement) frauduleux Tether Stablecoin, et l'économie des arnaques de "pump-and-dump" qui sous-tend 95% du volume de négociation de l'ensemble de l'économie cryptomonnaie actuelle.
C'est une guerre civile. Il y aura toujours des victimes, mais alors que BTC et BCH se concentrent sur les ragots et les affaires illicites, BSV veut que le monde entier soit plus libre, plus souverain et plus capable de coopérer sur le registre mondial de la vérité afin que les entrepreneurs du monde puissent s'engager à créer des entreprises ou de simples nano-services sont rendus possibles uniquement par Bitcoin. Bitcoin est un test d'intelligence. Au fil du temps, les personnes intelligentes pourront voir à travers le brouillard de distorsion de la réalité créé pour confondre les innocents et reconnaître cela pour ce que c'est, une attaque coordonnée pour tenter de supprimer une technologie qui à un potentiel unique dans l'histoire, et qui les rendrait obsolètes.

Des exemples d'applications Bitcoin que vous pouvez utiliser dès aujourd'hui ?
Les applications qui sont construites sur Bitcoin et interagissent entre elles par ce biais créent ce qu'on appelle le "Metanet". Si vous vous sentez prêt à faire le premier pas dans le futur vous êtes libres de tester les applications les plus populaires du Metanet sur https://metastore.app/apps?sort=money
Le site le plus populaire du Metanet à ce jour est Twetch, une version de twitter incensurable sur la blockchain que vous trouverez ici : bit.ly/twetchapp

_______________________
sources: inspiré de https://coingeek.com/the-war-on-bitcoin/
image : https://imgur.com/1Yb0Yle
Voici un schéma qui retrace les financements de Blockstream et révèle comment le groupe Bilderberg, la banque centrale américaine (FED) et Mastercard on pris le contrôle du réseau BTC afin de le soumettre à leur propre profit: https://imgur.com/eFApDVE
submitted by zhell_ to BitcoinSVFrance [link] [comments]

[Part 1] KAVA Historical AMA Tracker! (Questions & Answers)

ATTN: These AMA questions are from Autumn 2019 - before the official launch of the Kava Mainnet, and it's fungible Kava Token.
These questions may no longer be relevant to the current Kava landscape, however, they do provide important historical background on the early origins of Kava Labs.
Please note, that there are several repeat questions/answers.

Q1:

Kava is a decentralized DEFI project, why did you implement the countries restrictions to run the node? Will there be such restrictions by the time of the mainnet?

Q2:

According to the project description it has been indicated that staking reward (in KAVA tokens) varies from 3 to 20% per annum. But how will you fight with inflation?

We all know how altcoins prices are falling, and their bottom is not visible. And in fact, we can get an increase in the number of tokens for staking, but not an increase in the price of the token itself and become a long-term investor.

  • Answer: Kava is both inflationary with block rewards, but deflationary when we burn CDP fees. Only stakers who bond their Kava receive inflationary rewards - users and traders on exchanges do not get this. In this way, rewards are inflated, but given to stakers and removed value from the traders who are speculating like a tax. The Deflationary structure of fees should help counterbalance the price drops from inflation if any. In the long-term as more CDPs are used, Kava should be a deflationary asset by design if all things go well

Q3:

In your allocation it is indicated that 28.48% of the tokens are in the "Token treasury" - where will these tokens be directed?

  • Answer: Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released.
  • No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future.

Q4:

Such a platform (with loans and stable coins) is just the beginning since these aspects are a small part of many Defi components. Will your team have a plan to implement other functions, such as derivatives, the dex platform once the platform is successfully launched?

  • Answer: We believe Kava is the foundation for many future defi products. We need stable coins, oracles, and other infrastructure first that Kava provides. Once we have that, we can apply these to derivatives and other synthetics more easily. For example, we can use the price feeds and USDX to enable users to place 100x leverage bets with each other. If they both lock funds into payment channels, then they can use a smart contract based on the price feed to do the 100x trade/bet automatically without counter party risk. In this way, Kava can expand its financial product offerings far beyond loans and stable coins in the future.

Q5:

There are several options for using USDX on the KAVA platform, one of which is Margin Trading / Leverage. Is this a selection function or a compulsory function? Wondering since there are some investors who don`t like margin. What is the level of leverage and how does a CDP auction work?

  • Answer: This is a good #Q . Kava simply provides loans to users in USDX stable coins. What the users do is completely up to them. They can use the loans for everyday payments if they like. Leverage and hedging are just the main use cases we foresee - there are many ways people can use the CDP platform and USDX.

Q6:

Most credit platforms do not work well in the current market. What will you do to attract more people to use your platform and the services you provide? Thank you

  • Answer: Most credit platforms do not work well in the current market? I think that isn't correct at least for DeFi. Even in the bear market, MakerDao and Compound saw good user growth. Regardless, our efforts at Kava to build the market are fairly product and BD focused. 1) we build more integrations of assets and expand financial services to attract new communities and users. 2) we focus on building partnerships with high quality teams to promote and build Kava's core user base. Kava is just the developer. Our great partners like Ripple, Stakewith.Us, P2P, Binance - they have the real users that demand Kava. They are like our system integrators that package Kava up nicely and present it to their users. In order to grow, we need to deepen our partnerships and bring in new ones around the world.

Q7:

KAVA functions as a reserve currency in situations where the system is undercollateralized. In such cases new KAVA is minted and used to buy USDX off the market until USDX becomes safely overcollateralized.

Meaning, there will be no max supply of KAVA?

  • Answer: Yes, there is no max supply of Kava.

Q8:

Why Kava?

  • Answer: ...because people are long BTC and the best way to go long BTC without giving up custody is Kava's platform. Because it is MakerDao for bitcoin. Bitcoin has a 10x market cap of ETH and Maker is 10x the size of Kava. I think we're pretty undervalued right now.

Q9:

How do you plan to make liquidity in Kava?

  • Answer: Working with Binance for the IEO and as the first exchange for KAVA to trade on will be a huge boost in increasing the liquidity of trading KAVA.

Q10:

Most crypto investors or crypto users prefer easy transaction and low fees, what can we expect from KAVA about this?

  • Answer: Transaction fees are very low and confirm if seconds. The user experience is quite good on Tendermint-based blockchains.

Q11:

How do I become a note validator on KavA?

Q12:

It is great to know that KAVA is the first DEFI-supported project sponsored by Binance Launchpad, do you think this is the meaning that CZ brings: Opening the DEFI era, as a leader, you feel like how ?

  • Answer: We are the first DeFi platform that Launchpad has supported. We are a very strategic blockchain for major crypto like BNB. Kava's platform will bring more utility to the users of BNB and the Binance DEX. It feels good of course to have validation from the biggest players in the space like Cosmos, Ripple, CZ/Binance, etc.

Q13:

Since decentralized finance applications is already dominating, how do you intend to surpass those leading in the market?

  • Answer: The leaders are only addressing ethereum. BTC, XRP, BNB, ATOM is a much larger set to go after that current players cannot.

Q14:

What does Ripple play in the Kava's ecosystem, since Ripple is like a top tier company and it’s impressive that you are partnered with them?

  • Answer: Ripple is an equity investor in Kava and a big supporter of our work in cross-chain settlement research and implementations. Ripple's XRP is a great asset in terms of users and liquidity that the Kava platform can use. In addition, Ripple's money service business customers are asking for a stable coin for remittances to avoid the currency heading risk that XRP presents. Ripple will not use USDC or other stable coins, but they are open to using USDX as it can be XRP-backed.

Q15:

Considering the connectivity, Libra could be the biggest competitor if KAVA leverages interchain for efficiency.

  • Answer: With regard to USDX, it is important to understand the users interacting with the Kava blockchain have no counterparty that people could go after for legal actions. A user getting a USDX loan has no counterparty. The software holds the collateral and creates the loan. The only laws that would apply are to the very users that are using the system.

Q16:

Wonder how KAVA will compete with the tech giants

  • Answer: Libra is running into extreme issues with the US Senate and regulators. Even the G7-G20 groups are worried. Its important to understand that Libra is effectively a permissioned system. Only big companies that law makers can go after are able to run nodes. In Kava, nodes can be run by anyway and our nodes are based all over the world. It's incredibly hard for a law maker to take down Kava because they would need to find and legally enforce hundreds of business in different jurisdictions to comply. We have an advantage in this way over the larger projects like Libra or Clayton.

Q17:

In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

  • Answer: Technical risk is unavoidable for DeFi. Only time will tell if a system is trustworthy and its never 100% that it will not fail or be hacked. This is true with banks and other financial systems as well. I think for DeFi, the technical risk needs to be priced in to the expected returns to compensate the market. DeFi does have a better user experience - requiring no credit score, identity, or KYC over centralized solutions.
  • With our multi-collateral CDP system, even with it overcollateralized, people can get up to 3x leverage on assets. Take 100 USD in BTC, get a USDX loan for 66 USDX, then buy $66 BTC and do another loan - you can do this with a program to get 3x leverage with the same risk profile. This is enough for most people.
  • However, it will be possible once we have Kava's CDP platform to extend it into products that offer undercollateralized financial products. For example, if USER 1 + USER 2 use payment channels to lock up their USDX, they can use Kava's price feeds to place bets between each other using their locked assets. They can bet that for every $1 BTC/USD moves, the other party owes 3x. In this way we can even do 100x leverage or 1000x leverage and create very fun products for people to trade with. Importantly, even in places where margin trading is regulated and forbidden, Kava's platform will remain open access and available.

Q18:

In long-term, what's the strategy that KAVA has for covering the traditional finance users as well? Especially regarding the "stability"

  • Answer: Kava believes that stable coins should be backed not just by crypto or fiat, but any widely used, highly liquid asset. We think in the future the best stablecoin would be backed by a basket of very stable currencies that include crypto and fiat or whatever the market demands.

Q19:

Compound, maker they're trying to increase their size via the competitive interests rates. THough it shows good return in terms of growth rate, still it's for short-term. Wonder other than financial advantage, KAVA has more for the users' needs?

  • Answer: Robert, the CEO of Compound is an investor and advisor to Kava. We think what Compound does with money markets is amazing and hope to integrate when they support more than just Ethereum assets. Kava's advantage vs others is to provide basic DeFi services like returns on crypto and stable coins today when no other platform offers that. Many platforms support ETH, but no platform can support BTC, XRP, BNB, and ATOM in a decentralized way without requiring centralized custody of these assets.

Q20:

The vast majority of the cryptocurrency community's priorities is symbolic pricing. When prices rise, the community rejoices and grows. When they fall, many people begin to cast in a negative way. How will KAVA solve the negative problem when the price goes down? What is your plan to strengthen and develop the community to persuade more people to look at the product than the price?

  • Answer: We believe price is an important factor for faith in the market. One of Kava's key initiatives was selecting only long-term partners that are willing to work with kava for 2 years. That is why even after 6 months, 0 private investor or kava team tokens will be liquid on the market.
  • We believe not in fast pumps and then dumps that destroy faith, but rather we try and operate the best we can for long-term sustainable growth over time. It's always hard to control factors in the market, and some factors are out of our control such as BTC price correlations, etc - however, we treat this like a public company stock - we want long-term growth of Kava and try to make sure our whole community of Kava holders is aligned with that the best we can.

Q21:

Do you have any plans to attract non-crypto investors to Kava and how? What are the measures to increase awareness of kava in non-crypto space?

  • Answer: We are 100% focused on crypto, not the general market. We solve the problems of crypto traders and investors - not the average grandma who needs a payment solution. Kava is geared for decentralized leverage and hedging.

Q22:

Adoption is crucial for all projects and crypto companies, what strategy are you gonna use/follow or u are now following to get Kava adopted and used by many people all over the world?

Revenue is an important aspect for all projects in order to survive and keep the project/company up and running for long term, what are the ways that Kava generates profits/revenue and what is its revenue model?

  • Answer: We have already partnered with several large exchanges, long-term VCs, and large projects like Ripple and Cosmos. These are key ways for us to grow our community. As we build support for more assets, we plan to promote Kava's services to those new communities of traders.
  • Kava generates revenue as more people use the platform. As the platform is used, KAVA tokens are burned when users pay stability fees. This deflates the total supply of Kava and should in most cases give rise to the value of KAVA like a stock-buyback in the public markets.

Q23:

In order to be success in Loan project of Cryptocurrency, I think marketing is very important to make people using this service without any registration. What is main strategy for marketing?

  • Answer: Our main strategy is to build a great experience and offer products that are not available to communities with demand. Currently no DeFi products can serve BTC users for example. Centralized exchanges can, but nothing truly trustless. Kava's platform can finally give the vast audiences of BTC, BNB, and ATOM holders access to core DeFi services they cannot get on their own due to the smart contract limitations of those platforms.

Q24:

Currently, some project have policies for their ambassadors to create a contribution and attract recognition for the project! So the KAVA team plans to implement policies and incentives for KAVA ambassadors?

  • Answer: Yes, we will be creating a KAVA ambassador program and releasing that soon. Please follow our social media channels to learn about it in the coming weeks.

Q25:

Currently there are so many KAVA tokens sold on exchanges, why is this happening while KAVA is going to IEO on Binance? Are those KAVA codes fake or not?

  • Answer: For everyone's safety, please understand Kava tokens do not exist yet and they will only exist starting with the Binance IEO. Any other token listings or offerings of Kava are not supported by Kava Labs and I highly discourage you all from trying to get them there. It is most likely a big scam. Please only trust Binance for this.

Q26:

KAVA have two tokens, the first is called Kava - a governance and staking token; the second is called USDX - an algorithmically managed crypto-backed stable coin. What are the advantages of USDX compared to other stablecoins such as: USDT, USDC, TUSD, GUSD, ...?

  • Answer: USDX is one of the few stablecoins to be fully backed by crypto-assets. This means that we do not deal with fiat to back the value, and thus we don't have some of the issues when it comes to storing fiat funds with banks and custodians. This also makes our product fully digital and built for the future of crypto growth.

Q27:

As a CEO, does your background in Esports and Gaming industry help anything to your management and development of KAVA Labs?

  • Answer: Esports no. But having been a multi-time venture-backed foundeCEO and have gone through the start-up phase before has made creating and running a 2nd company easier. Right now Kava is still small, Fnatic had over 80 employees. It was at a larger scale. I would say developing software is much more than doing the hardware at fnaticgear.com

Q28:

Why did Kava choose to launch IEO on Binance and not other exchanges like: Kucoin, Houbi, Gate, ....?

  • Answer: Kava had a lot of interest from exchanges to partner with for IEO. We decided based on a lot of factors such as userbase, diverse exposure across multiple regions and countries, and an amazing team that provides so much insight into so many communities such as this one. Binance has been a tremendous partner and we also look forward to continuing our partnership far into the future.

Q29:

Currently if Search on coinmarketcap has 3 types of stablecoins bearing the USDX symbol (but these 3 stablecoins are no information). So, what will KAVA do to let users know that Kava's USDX is another stablecoin?

  • Answer: All these USDX have no volume or listings. We will be on Binance. I am not worried.

Q30:

In addition to the Token Allocation for Binance Launchpad, what is the Token Treasury in the Initial Circulating Supply?

  • Answer: This is controlled by Kava Labs, but with the big cash we have saved from fundraising, we see no reason why these tokens would be sold on the market. The treasury tokens are for use in grants, ecosystem growth initiatives, development, and other incentive programs to drive adoption of the platform.

Q31:

How you will compete with your competitors? Currently i don't see much but for future how you will maintain this consistency ? No doubt it is Great and Unique project, what is the main problem that #KAVA is currently facing?

  • Answer: Because our industry is just starting out, I don't like to think of them as our direct competitors. We are all working to grow the size of the pie rather than get a larger slice from a small pie. The one thing that we believe will allow us to stand apart is the community we are building. Being able to utilize our own community along with Cosmos and our other partners like Binance for the IEO, we have a strong footing to get a lot of early users onto our platform. Also, we are also focusing on growing Kava internationally particularly Asia. We hope to build our platform for an even larger userbase than just the west.

Q32:

How do you explain your project to a random person who has never heard of your project?

  • Answer: non-crypto = Kava is a lending platform for users of cryptocurrencies.
  • crypto = Kava is a cross-chain DeFi platform for loans and stablecoins backed by BTC, BNB, XRP, ATOM and other major cryptocurrencies.

Q33:

Will KAVA team have a plan on implementing DAO module on your platform since its efficiency on autonomy, decentralization and transparency?

  • Answer: All voting is already transparent on the Kava blockchain. We approved a number of proposals on our test net.

Q34:

how to use usdx token :only for your platform or you have plan to use usdx for payment ?

  • Answer: Payments is a nice use case, but demand for crypto payments is still small. We may choose to focus here later if demand for crypto payments increases. Currently it is quite small with the bulk of use remaining in trading and speculative use cases.

Q35:

Do you have plans to spread KAVA ecosystem across other continents. if yes, what are the strategies and how can I as a community member contribute to making it possible?

  • Answer: We are already across many continents - I don't think we are in antarctica yet. Africa might be light on nodes as well. I think as we grow on major exchanges like Binance, new node operators will get interested and help decentralize Kava further.

Q36:

Maker's CDP lending system is on top in this market and its Dominance is currently sitting on 64.90 % , how kava will compete will maker and compound?

  • Answer: adding assets like bitcoin which have more value and more users than ETH. It's a bigger market that Maker cannot compete with Kava in.

Q37:

Currently, the community is too concerned about the price. As prices rise, the community rejoice and grow, when falling, many people start throwing negatively. So what is KAVA's solution to getting people to focus on the project rather than the price of the token?

What is your plan to strengthen and grow the community to persuade more individuals to look at the product than the price?

  • Answer: We also share similar concerns as price and price direction is always a huge factor in the crypto industry. A lot of people of course are very short-term focused on flipping for bigger profits. One of the solutions, and what Kava has done, is to make sure that everything structured is for the long-term. So that makes sure that our investors and employees are all focused on long-term gains and growth. Locking vesting periods are part of that alignment. Another thing is that we at Kava are very transparent in our progress and development. We will be regularly posting updates within our own communities to allow our users and followers to keep up with everything we're up to. Please follow us or look at our github if you're interested!

Q38:

How did Kava get on Piexgo?

  • Answer: We did not work with Piexgo. We have not distributed tokens to any exchange other than Binance. I cannot speak to what is going on there, but I would be very wary of what is happening there.

Q39:

Why was the 1st round price so much lower than the current price

  • Answer: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.
  • About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.
  • By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.
  • Fast forward to today, the IEO price simply reflects the traction and market demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addition, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.

Q40:

What is the treasury used for?

  • Answer: Kava's treasury is for ecosystem growth activities.
  • Investors in financing rounds prior to the IEO have entered into long-term lock-up agreements in-line with their belief in Kava’s exciting long-term growth potential and to allow the projects token price to find stability. Following the IEO, the only tokens in circulation will be those sold through the IEO on Binance and the initial Treasury tokens released. No private sale investor tokens are in circulation until the initial release at the end of Q1 2020 and then gradually over the [36] months The initial Treasury tokens in circulation will be used for a mixture of ecosystem grants, the expenses associated with the IEO as well as initial market making requirements as is typical with a listing of this size. Kava remains well financed to execute our roadmap following the IEO and do not envisage any need for any material financings or token sales for the foreseeable future.

Q41:

Everyone have heard about the KAVA token, and read about it. But it would be great to hear your explanation about it. What is the Kava token, what is it's utility? :)

  • Answer: The Kava token plays many roles. KAVA is the native staking token of the Kava blockchain and is used for securing the network. KAVA is delegated to validators, basically professional node operators that run highly-available servers to secure the Kava blockchain. The top 100 validators by weight of staked KAVA earn block rewards that range from 3-20% APR based on the total amount staked in the network. These rewards are split between the validators and the KAVA holders.
  • When users of the platform repay their loans, they must a stability fee (a percentage of the loan) in KAVA tokens. These tokens are burned by the system, effectively deflating the total supply overtime as more users use the CDP system.
  • KAVA is also the primary token used in governance of the platform. KAVA token holders can vote on key system parameter changes and upgrades such as what assets to support, how much USDX in total can be loaned by the system, what the debt-to-collateral ratio needs to be, the stability fees, etc. KAVA holders have a very important responsibility to govern the system well.
  • Lastly, Kava functions as a "Lender of Last Resort" meaning if USDX ever gets undercollateralized because the underlying asset prices drop suddenly and the system manages it poorly, KAVA is inflated in these emergency situations and used to purchase USDX off the market until USDX reaches a state of being over collateralized again. KAVA holders have incentive to only support the good high quality assets so risk of the system is managed responsibly.

Q42:

No matter how perfect and technically thought-out a DeFi protocol is, it cannot be completely protected from any unplanned situations (such as extreme market fluctuations, some legal issues, etc.)

Ecosystem members, in particular the validators on whom KAVA relies on fundamental decision-making rights, should be prepared in advance for any "critical" scenario. Considering that, unlike the same single-collateral MakerDAO, KAVA will be a multi-collateral CDP system, this point is probably even more relevant here.

In this regard, please answer the following question: Does KAVA have a clear risk management model or strategy and how decentralized is / will it be?

  • Answer: Simialar to other CDP systems and MakerDAO we do have a system freeze function where in cases of extreme issues, we can stop the auction mechanisms and return all collateral.

Q43:

Did you know that "Kava" is translated into Ukrainian like "Coffee"? I personally do love drinking coffee. I plunge into the fantasy world. Why did you name your project "Kava" What is the story behind it? What idea / fantasy did your project originate from, which inspired you to create it?

  • Answer: Kava is coffee to you.
  • Kava is Hippopotamus to Japanese.
  • Cava is a region in Spain
  • Kava is also a root that is used in tea which makes your mouth numb.
  • Kava is also crow in Hindi.
  • Kava last but not least is a DeFi platform launching on Binance :)
  • We liked the sound of Kava it was as simple as that. It doesn't have much meaning in the USA where I am from. But it's short sweet and when we were just starting, Kava.io was available for a reasonable price

Q44:

What incentives does a lender get if a person chooses to pay with KAVA? Is there a discount on interest rates on the loan amount if you pay with KAVA? Do I have to pass the KYC procedure to apply for a small loan?

  • Answer: There is no KYC for Kava. Its an open blockchain software platform where anyone with a computer can connect to it and use it.

Q45:

Let's say, I decided to bond my cryptocurrency and got USDX stable coins. For now, it`s an unknown stable coin (let's be honest). Do you plan to add USDX to other famous exchanges? Also, you have spoken about the USDX staking and that the percentage would be higher than for other stable coins. Please be so kind to tell us what is the average annual interest rate and what are the conditions of staking?

  • Answer: Yes we have several large exchanges willing to support USDX from the start. Binance/Binance-DEX is one you should all know ;)
  • The average annual rates for USDX will depend on market conditions. The rate is actually provided by the CDP fees users pay. The system reallocates a portion of those fees to USDX users. In times when USDX use needs to grow, the rates will be higher to incentivize use. When demand is strong, we can reduce the rates.

Q46:

Why should i use and choose Kava's loan if i can use the similar margin trade on Binance?

  • Answer: If margin is available to you and you trust the exchange then you should do whatever is cheaper. For a US citizen and others, margin is often not available and if it is, only for a few asset types as collateral. Kava aims to address this and offer this to everyone.

Q47:

The IEO price is $ 0.46 while the price of the first private sale is $ 0.075. Don't you think that such price gap can negatively affect the liquidity of the token and take away the desire to buy a token on the exchange?

  • Answer: It is natural to worry that early investors got better pricing and could dump on the market. I can assure you that our investors are in this for the long-term. All private sale rounds signed 2 year contracts to run validators - and if they don't they forfeit their tokens. You can compare our release schedule to any other project. We have one of the most restricted circulating supply schedules of any project EVER and its because all our investors are commiting to the long-term success of the project and believe in Kava.
  • About the pricing itself - it is always a function of traction like for any start-up. When we made our public announcement about the project in June, we were only a 4 man team with just some github code. We could basically run a network with a single node, our own. Which is relatively worthless. I think our pricing of Kava at this time was justified. We were effectively a seed-stage company without a product or working network.
  • By July we made severe progress on the development side and the business side. We successful launched our first test net with the help of over 70 validator business partners around the world. We had a world-wide network of hundreds of people supporting us with people and resources at this point and the risk we would fail in launching a working product was much lower. At this point, the Kava project was valued at $25M. At this point, we had many VCs and investors asking for Kava tokens that we turned away. We only accepted validators that would help us launch the network. It was our one and only goal.
  • Fast forward to today, the IEO price simply reflects the traction and market demand for Kava. Our ecosystem is much larger than it was even a month ago. We have support from Ripple, Cosmos, and Binance amongst other large crypto projects. We have 100+ validators securing our network with very sophisticated high-availability set-ups. In addition, our ecosystem partners have built products for Kava - such as block explorers and others are working on native integrations to wallets and exchanges. Launchpad will be very big for us. Kava is a system designed to cater to crypto traders and investors and in a matter of days we distributed via Binance Launchpad and put in the hands of 130+ countries and tens of thousands of users overnight. It doesn't get more DeFi than that.
  • TLDR - I think KAVA is undervalued and the liquid supply of tokens is primarily from the IEO so its a safer bet than other IEOs. If the price drops, it will be from the overall market conditions or fellow IEO users not due private sale investors or team sell-offs.

Q48:

Can you introduce some information abouts KAVA Deflationary Fee Structure? With the burning mechanism, does it mean KAVA will never reach its max supply?

  • Answer: When loans are repaid, users pay a fee in Kava. This is burned. However, Kava does not have a max supply. It has a starting supply of 100M. It inflates for block rewards 3-20% APR AND it inflates when the system is at risk of under collateralization. At this time, more Kava is minted and used to purchase USDX off the market until it reaches full collateralization again.
  • TLDR: If things go well, and governance is good, Kava deflates and hopefully appreciates in value. If things go wrong, Kava holders get inflated.

Q49:

In your opinion what are advantage of decentralized finance over centralized?

  • Answer: One of the main advantages is not needing to pay the costs of regulation and compliance. Open financial software that is usable by anyone removes middle men fees and reduces the barrier for new entrants to enter and make new products. Also DeFI has an edge in terms of onboarding - to get a bank account or an exchange account you need to do lots of KYC and give private info. That takes time and is troublesome. With DeFi you just load up your funds and transact. Very fast user flows.

Q50:

Plan, KAVA how to raise capital? Kava is being supported by more than 100 business entities around the world, including major cryptocurrency investment funds like Ripple and Cosmos, so what did kava do to convince investors to join the project?

  • Answer: We have been doing crypto research and development for years. Ripple and Cosmos were partners before we even started this blockchain with Kava Labs. When we announced Kava the DeFi platform they knew us already to do good work and they liked the idea so they support us.
submitted by Kava_Mod to KavaUSDX [link] [comments]

IP.Gold: A Cautionary Tale of A Tarnished ICO — Part 4

最大のICO詐欺! COMSA - テックビューロ株式会社 & 朝山貴生 100億円($95,000,000) 詐欺。

a multipart series told by the founders detailing how you can make all the right decisions and still fail.
Part 4: Demand Letter & Silence
So, after several launch delays, dozens of broken promises, misrepresentations and a complete lack of support and professional behavior from Tech Bureauテックビューロ株式会社 /COMSA we closed our ICO on the COMSA.Global platform, having wasted months of our lives, our reputations, tons of money and goodwill. And now the hard part began!
After a few weeks of discussions with Tom Beno, the CEO of Tech Bureau USA, and a Tech Bureau Japan board member, who was responsible for COMSA.Global, where we laid out Tech Bureau/COMSA’s clear violations of the deliverables as outlined in the contract and our corporate communications with regards to our 3 week launch delay, lack of promised support, etc, it was clear we were getting nowhere. When we started to push back harder regarding their fiduciary breach of contract for not delivering the services under the contract in a way that supported the minimal successful operation of our ICO, they accused us of not being ready, causing all the delays, under-funding the project and more. So we pushed harder, asking for damages for breach of the contract, to which Tech Bureau/COMSA responded that we were simply trying to extort money for a failed ICO — then gave us the usual “silent treatment” again! Funny thing is, during the time that all of this was going on, Tom Beno, told us that the Tech Bureau/COMSA board had, in light of the situation, decided to not invoice/charge us for the $100,000 fee as outlined in the contract, as a goodwill gesture! Wow, you screw us on launching and supporting our ICO over and over again, and now you’re going to be nice guys and not charges us for the services you either delivered late or didn’t deliver at all!
While it was nice of Tech Bureau COMSA to not charge us for services they delivered late or did not deliver at all in support of our ICO, the monetary and reputation damage they caused by not launching us on time on the COMSA.Global platform, were far greater than the $100,000 service fees outlined in the contract. Tech Bureau/COMSA clearly knew this and knew they were directly at fault for what happened — why else would they be so willing to not come after us for the $100,000 because they were getting off pretty cheap for not delivering on the still active contract and they got a scapegoat out of it that bought them another few months of time to keep drawing out their “long con” and laughing all the way to the bank! It’s not as if the $100,000 was real money out of their pockets they spent on launching the IP.Gold ICO, it was ours.
At this point, we asked Tech Bureau/COMSA to come to the table to discuss remuneration for our losses due to their delays and failed promises, as well as other options for resolving their obvious and blatant breach of contract and fiduciary responsibility. Nothing, silence. This is the normal response from Tech Bureau/COMSA at this point regarding any issue.
So, we were left with no choice but to send a lawyer advised demand letter to Tech Bureau EU and the Tech Bureau executives in Japan.
We sent certified registered mail to Comsa & Tech Bureau EU as per the contract, but the address was no longer valid we sent to the listed address on their EU site and the Japan site. We also emailed copies to Tom Beno, Patrick Spiess and Takao Asayama 朝山貴生 .

The Demand Letter Sent:

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
August 23, 2018
Delivered via Certified Mail and Email
Tech Bureau, Corp.
c/o Takao Asayama
10th Floor, Mifune Honmachi Building,
1–5–18 Utsubo-Honmachi,
Nishi Ward, Osaka, Japan
Re: Breach of Contract and Fiduciary Representation of IP.Gold ICO/Token Sale
I am writing to inform you that Tech Bureau Europe SA/Tech Bureau, Corp./COMSA (“TB/COMSA”) is in breach of the terms of the Agreement signed with IPG Holdings, Inc. on April 23, 2018, as well as its fiduciary responsibilities as a business partner to the agreement as the service provider under this agreement. We are requesting a meeting immediately to take action to cure this breach of terms and fiduciary responsibilities.
Services to be delivered under this agreement by TB/COMSA in support of the IPG Holdings, Inc./IP.Gold ICO/Token Sale were not delivered on time or in a commercially acceptable manner. Additionally, promises and commitments made by TB/COMSA management were not kept, withheld, severely restricted and/or not delivered or acted upon, often at or just before a planned coordinated marketing plan effort made by IPG Holdings, Inc./IP.Gold. All of which resulted in a cascading and escalating erosion of marketing momentum, ICO community support and market confidence for the IP.Gold ICO/Token Sale, costing IPG Holdings, Inc./IP.Gold hundreds of thousands of dollars in time, direct marketing expense and an untold amount in lost contributions, as well as the business and personal reputations of the founders and team members of IPG Holdings, Inc./IP.Gold.
Further confirmation of a breach of this agreement and TB/COMSA’s fiduciary responsibilities came on August 8, 2018 with TB/COMSA publishing of a blog post on its official corporate site, https://comsa.io/en/54626.html, in which it states categorically, among other things, under Item №1, the development of COMSA Token Sale Platform is “Not yet completed”, and further, that “Planned to be implemented domestically by this company. However, not to be done until the environment is prepared. Planned to be implemented overseas by Tech Bureau Europe SA (mainly in Switzerland)”. This further affirms that TB/COMSA knew full well that its team and ICO/Token Sales SAAS platform were not commercially ready to support the IP.Gold ICO/Token Sale, or any other ICO/Token Sale, a clear violation of TB/COMSA’s fiduciary responsibilities and commercial terms of service under the agreement as a service provider.
Starting just days before the signing of the agreement between the parties and continuing through the Private Sale and the IP.Gold Public ICO/Token Sale, TB/COMSA made statements, promises and commitments that were never followed through on or turned out to be patently untrue.
  1. TB/COMSA management and development team represented that their SAAS Platform was fully prepared to commercially support the IP.Gold ICO/Token Sale.
  2. Tech Bureau, Corp/COMSA charmain, Takao Asayama, implored IPG Holdings, Inc. management to “sign the agreement, as I have private investors to introduce you to”. To date no investors of any kind have materialized from Takao Asayama or TB/COMSA.
  3. Service defined in the agreement were either not provided in a timely manner or not provided at all:
  4. Tech Bureau, Corp/COMSA failed to launch the IP.Gold ICO on the agreed upon launch date of May 2, 2018, instead launching in on May 28, 2018 — a full 26 days later. All marketing spend and marketing momentum IPG Holdings, Inc. had developed and coordinated for its launch date was lost. The impact of which is thousands of hours and dollars spent by the founders and other team members were wasted. Not to mention years of goodwill, industry & personal reputations and market confidence.
  5. IP.Gold could fully accept all of its funding currencies on the COMSA platform for a further 14 days after the adjusted May 28, 2018 launch date.
  6. An agreed upon apology statement/letteemail from the Charmain, Takao Asayama to the COMSA Community for the late launch of the IP.Gold ICO was never sent
  7. A marketing email to be sent by Tech Bureau, Corp/COMSA as part of the apology for launching IP.Gold 26+ days late to approximately 800,000 COMSA CMS token holders and ZAIF exchange members was only sent to a limited group of 40,000 CMS token holders
  8. No attempts were made by COMSA, Tech Bureau or its management to support IPG Holdings, Inc./IP.Gold, its ICO or its founders and team publicly or in the markets, leading to a further erosion of market confidence in IPG Holdings, Inc./IP.Gold and its founders/team
  9. Tech Bureau, Corp/COMSA’s chairman and senior management chose to show no support to the COMSA global platform, development team and the launch of the IP.Gold ICO
  10. Tech Bureau, Corp/COMSA and its chairman have shown no remorse, contrition or taken any responsibility whatsoever for the delayed launch of silence the IP.Gold ICO and the significantly damage that it had on the funding of the IP.Gold ICO and the continuing damage it is having to the operation and reputation of IPG Holdings, Inc., as well as its founders and team members, both personally and professionally.
  11. The ongoing silence of Tech Bureau, Corp/COMSA and its management in the COMSA community with respect to itself and the IP.Gold ICO, are serving to further accelerate the claims that both IP.Gold and COMSA were just one big coordinated “money grab” scam to bilk investors and manipulate the CMS token price for “insider” COMSA gain.
  12. The excuse from TB/COMSA and its Chairman, Takao Asayama, that Tech Bureau, Corp/COMSA’s “hands were tied” because of the FSA investigations appears hollow and does not match the facts, as several other multiple Japanese ICO companies similar to Tech Bureau, Corp/COMSA who were also “under investigation by the FSA” were conducting business as usual, promoting their platforms, ICOs, communities, and tokens, going to industry shows and generally supporting their contributors and communities.
  13. Of more than 5,000 people completed a very complex Know Your Customer (KYC) process and accepted Terms of Service on the COMSA Platform, only 53 of them invested. This is both statistically insignificant at .011% of fully validated potential contributors and far below the average of 5% reported by several other ICOs interviewed. IPG Holdings, Inc./IP.Gold, its advisors, and many successful ICOs to believe that there were either significant anomalies in the acceptance of funds in the COMSA platform or Tech Bureau, Corp/COMSA deliberately siphoned off or blocked funds from potential contributors.
It is clear from the above, as well as other information and statements we have corroborated, that TB/COMSA took both willful actions or inactions to support IPG Holdings, Inc. and the IP.Gold ICO/Token Sale, even when said support was promised and confirmed through multiple channels, resulting in a complete collapse of the momentum of or confidence in the IP.Gold ICO/Token Sale. Even after the IP.Gold launch announcement on the TB/COMSA platform, which increased the CMS token price by over 30% in hours, TB/COMSA management and the ICO Committee continued to take direct actions to undermine the IP.Gold ICO/Token Sale. Was the IP.Gold ICO/Token Sale just a dupe, a patsy, a sacrifice, a fall guy for TB/COMSA to buy more time, or is it what the CMS token and greater ICO community believe it is, part of a scam perpetrated by COMSA to manipulate its token holders and the market for pump and dump gain when the lock on CMS tokens issued to management expires in November.
IPG Holdings, Inc., IP.Gold ICO/Token Sale, its founders, advisors and team members are not a scam and are prepared and committed to use any and all information and tools at its disposal to defend the company and their personal and professional reputations in any and all private and public forums available.
If you wish to be honorable and to discuss with us how we can resolve this breach of contract and fiduciary responsibility quickly and amicably, please contact us within the next 10 Business Days. Otherwise, we will be forced to move forward with defending ourselves.
IPG Holdings Inc.
CEO — Founder CIO — Founder
IPG Holdings, Inc. IPG Holdings, Inc.

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
Within days of the demand letter being delivered, the various channels for communication with the company started to dry up, disappear and be deleted. However, the IP.Gold ICO is still the only “completed” ICO listed on the COMSA.Global website, and most of the social media and other posts on COMSA regarding IP.Gold remain.
In one of our last direct conversations with Tech Bureau/COMSA, we were told in a fit of rage that “your ICO sucked, it was never going to work, we should never have done it, you are trying to extort money you don’t deserve….”, all because we demanded again that they take responsibility for the significant momentum and reputation impact their 3 week IP.Gold ICO launch delay and non completion of the contract caused and pay us remuneration as per the terms of our signed contract!

I guess when you have over $300M+ in other peoples cash you are the “all-powerful” corporation that can do or say anything you want to bleed the little guys dry — or simply ignore them or anyone that has an issue with them.
Funny, all the time the IP.Gold ICO was languishing and dying and our reputations were slowly eroding, being called scammers & having physical violence threats hurled at us: the social media pages of Takao Asayama and others at Tech Bureau/COMSA were showing lots of expensive swiss watches and other toys they were buying and having fun with! All of the posts and images showing this extravagant spending have been removed now.

Finally, after a few months, after we published the first part of this story, Takao Asayama reached out directly to an IP.Gold founder, stating that he wanted to jump on a call “to solve the problems and talk again as friends”. Great! But, when given an itinerary about the call repeating our demand that we should be compensated for the breach of contract, Takao never responded and the IP.Gold founder(s) were eventually deleted from his personal telegram account @takaoasayama.

We are making an earnest attempt to resolve this open and active contract before this goes to far. But their only response to date has been posted that ‘We cannot say anything publicly about the issue and that it is being handled internally”. We are still waiting for them to contact us!
Part3: Downhill From Here!
Part 5: Oh, There Are Documents! — The IP.Gold WikiLeaks Evidence Dump Is Here! — Coming soon
— — — — — — — — — — — — — — — — — — — — — — — — — — — — —
Here is a list of COMSA/Tech Bureau major investors. We ask that everyone copy and paste this story and their own personal tails and send them directly to the following:

Infoteria Co.Ltd. (now Asteria)
https://www.asteria.com/en/
[[email protected]](mailto:[email protected])
Ouka Wave Co., Ltd
https://www.okwave.co.jp
https://go.okwave.co.jp/contact
Shinsei Bank
https://www.shinseibank.com
https://www.shinseibank.com/english/crm/form/n01/
JAFCO
http://www.jafco.co.jp
[[email protected]](mailto:[email protected])
Japan Technology Venture Partners CC Investment Business Association (abbr. NTVP)
http://www.ntvp.com
https://xa135.secure.ne.jp/~xa135055/inquiry.html
Hiroshima Venture Capital Co., Ltd
http://www.h-vc.co.jp
[[email protected]](mailto:[email protected])
Fisco Digital Asset Group
http://www.fisco.co.jp/en/index.html
https://club.fisco.co.jp/members/KAI009001act.do?method=init&comefrom=OU
Money Partners Group
https://www.moneypartners-group.co.jp/english/
https://www.moneypartners-group.co.jp/english/contact/index_form.html
Send this and your stories to the groups responsible for governing these actions in Japan
FSA :
https://www.fsa.go.jp
[[email protected]](mailto:[email protected])
BCCC/Blockchain Collaborative Consortium of Japan
https://bccc.global
JCBA:
https://cryptocurrency-association.org
https://cryptocurrency-association.org/form-contact/
Japanese Metropolitan Police Department CyberCrime Task Force
03–3431–8109
The Japan Cybercrime Control Center
(03)6890–8205
[[email protected]](mailto:[email protected])
Osaka Prefecture Cyber Task Force
サイバー犯罪とは?|大阪府警本部 サイバー犯罪とは、次の4種類に該当する犯罪をいいます。www.police.pref.osaka.lg.jp
Directly let them know what you think!
Tech Bureau:
https://techbureau.jp
https://techbureau.com
https://techbureau.jp/contact_opinions/
https://www.techbureau.eu
[[email protected]](mailto:[email protected])
Telegram:
https://t.me/comsaio
https://t.me/comsajapan
https://t.me/takaoasayama
Facebook:
https://www.facebook.com/comsaio/
https://www.facebook.com/takaoasayama
https://www.facebook.com/overtextimes/
Twitter:
https://twitter.com/comsaglobal
https://twitter.com/comsadotio
https://twitter.com/TakaoAsayama
Reddit:
https://www.reddit.com/COMSA/
Bitcoin Talk
https://bitcointalk.org/index.php?topic=2135197.320

To discuss this story Please contact: [[email protected]](mailto:[email protected])
submitted by IPGold to u/IPGold [link] [comments]

Why Cryptocurrency Should be Banned

Hello,
some of you might have taken note of my recent postings on here. I have a twitter account as well: https://twitter.com/BlueMeanie4
I am no longer involved in the crypto currency world. I had a brief stint in crypto(a month or two) had such a horrible experience I left for good. This was long before things really began to stink badly. I've worked in Finance, have a background in CS so these ideas captivated me for a time. I had also worked in Digital Currencies before Bitcoin emerged. Lately I've been inspired to write, this is getting some people very angry, because my writings might actually result in punitive legal actions- yes this is serious stuff, so listen up :). I'm not your average crypto 'reporter' who is simply paid in crypto to say positive things about some coin or another. Ive never been paid to say anything, ever. I am an engineer by education, training, and profession. I live a pretty quiet, simple life really. I dont look 'big' in crypto because I don't take payment to endorse coins.
I followed Buttcoin for a while, I thought it was funny. I tend to think that a lot of these expose writings are going to start flooding in here because its clear that the party is over for good. I've noticed a lot of long time pumper people suddenly want to look like the Ralph Nader of Crypto.
WHAT IS CRYPTO?
You all seem to know the buzzwords- DECENTRALIZATION, GAME THEORETIC, BLOCK CHAIN, SMART CONTRACT etc.
All this stuff is meaningless shit, mostly spouted by 20-somethings with dreams of hitting it big or conference circuit people who've never built a working system in their life. Cryptocurrency has one key feature- ANONYMOUS OWNERSHIP. Mostly treatment of the subject glosses over this aspect and doesn't cover its implications. These technologies allow for people to own and issue something akin to a money note without any legal identification. There are ways to deanonymize crypto accounts in most systems but for the most part, anonymity is strong enough for many uses. Some newer crypto make other features like 'smart contracts', which partly are relevant ideas but partly marketing nonsense. There is NOTHING offered in crypto that is intrinsically new, they take existing financial ideas and allow for anonymity on top of that. Often times they make claims to having some unique quality because part of the program is looking like something OTHER than a money laundering system. So when Ethereum talks about 'Smart Contracts'- they don't do anything regular contracts cant do, actually they are laughably inadequate if you can even accept it's a working concept at all. What they do allow is to execute them ANONYMOUSLY.
WHY IS ANONYMITY IMPORTANT?
Anon is the key thing really. Its how they play the whole game. They generate these tokens, pretend as though they are distributed through the community, manipulate and fake prices with one hand, and then dump with the other hand behind their back. For most here, this isn't new, they know all about it. Most of these coins have sophisticated marketing wings that dominate twitter, reddit, forums, you name it[1]. They are extremely effective at creating the illusion that there are entire communities of people interested in these technologies. One reason why these operations are so potent and successful is because of the crypto itself. They use the crypto to fund the marketing, which pumps the coin, in turn enriches the coin owners, they dump it and repeat the process many times. People have been caught marketing logins on bitcointalk, reddit, you name it- everything is up for sale, and thats the info and 'news' the average person soaks up into their brain, which in turn shapes their judgement and results in adoption, purchase, etc. All these aspects are extensively metered and optimized. Here on Buttcoin they point out daily the shoddy and retarded marketing efforts of low rate agents who laughably screw up their pathetic jobs. It is funny as hell but it is not cure for the disease.
Buttcoin is great because its a group of people who caught on as to how ridiculous all this is. And they're 100% right. This action of crypto-issuance to PR budgets is so effective it bends reality itself, that is until it no longer resembles anything you or I consider to be realistic. Of course Social Media Marketing has been around for a while. Of course Ponzi Schemes and penny stocks have been around for a while, but when you add those two together and streamline it you get something extremely potent. Most people are caught off guard. It works. Bitcoin has absolutely ZERO use value, however people buy it, people believe, people hodl, and people invest(and notably rarely ever USE the coins for anything). Of course this has been in the process of breakdown for some time. You'll notice that a coin's level of appeal to a group is directly proportional to their tendency to use and value social media.
The sheer potency of these ponzi schemes is why they need to be banned.
AND?????
Well this stuff gets dangerous and I want to tell you why. There is no law in crypto. It seems like a fun thing that payments are invisible and anonymous, until someone pays someone else to kill someone, to write slander about someone, to harass someone, all these things have happened in crypto. There are entire pump and dump magazines online whose entire staff is imbursed in crypto coins and they have zero real legal presence(Cointelegraph). The technology is fueling this activity, making it accessible, and even generating an ethos that validates it in the eyes of society. One need not go far to see writings on the glory of Ross Ulbricht and his "risk preventing" billion dollar online drug and weapons market. This absurd viewpoint, which is miles away from the judicial ruling, actually appears to be pervasive and dominant in this topsy turvy media enterprise run by the crypto-whales of Bitcoin. I've even heard younger impressionable people reiterate these views.
The information media for crypto is a utter circus because there are no limiters. In THE REAL WORLD there are quite a number of rules regarding disclosure and 'financial advice', as well as a very sophisticated licensing system, why? because these aspects to market information can be exploited in such a way that it actually destroys the market itself and has a number of other negative collateral effects. This is a well recognized fact that we've known for a long time. You'll notice that most crypto people dont have a background in finance. If they did they would know how ridiculous and broken the world of crypto actually is. Some of these minor players believe they are quite clever for creating blogs and shows about various crypto- taking payments from the issuers in return for favorable reviews, and churning out a seemingly endless stream of blurbs about these totally pointless cryptocoins. From their perspective they're doing nothing wrong, but they fail to see the forest for the trees. Of course a little white lie here and a little sock puppet post there is ok, a man's gotta make a living, right? Ultimately the money in crypto has to come from somewhere, and that somewhere are the clueless suckers who can't discern a cryptocurrency from something that actually has value. Without a steady stream of these people, the crypto world will die. It is the governments responsibility to protect these consumers and innocent bystanders. There are also a significant portion of users who REQUIRE this feature of anonymity ie. CRIMINALS, who make up the Cryptocurrency user base. The coin marketers invariably suppress the visibility of this group. There is a whole spectrum of criminal activity in which Cryptocurrency is instrumental.
The scene is just getting worse. I think were on the cusp of the Feds really cracking down and making it mostly illegal to do the things we see in crypto every day, because they are a hazard to a safe and stable life. Crypto is quickly converting our nice 1st world civilization into something like Colombia. Actually some major names in Bitcoin seem to prefer these locales over 1st world nations like the USA. I think the Garza thing is just the beginning. The SEC and Fincen have limited budgets so they are choosy with who they go after. Word of advice: don't stick your head out, ideally don't even hang around these projects. Dont use crypto, don't buy it, don't trade in it. Just being around them is a hazard. Believe me, I know.
I support the total outlaw of cryptocurrency. This technology has not improved commerce, society, or technological progress. It has caused crime, social pathology, and has cost everyone far more than anything it has ever claimed to benefit society. It is a MENACE. The Feds should treat it as such. My thoughts are that Crypto should be criminalized as far as is possible, to drive out normal law abiding citizens and put a stigma on it's use. This is the only path I see that might counteract the problems that this technology has caused us all. By simply classifying a cryptocoin as a security- which it is, then probably the vast bulk of the problems would be mitigated.
Thanks and have a great day!
[1] you'll notice that they stay off Facebook and Google because FB has extensive tracking technology, and the feds could identify and locate them very easily.
submitted by BLUEMEANIE4 to Buttcoin [link] [comments]

HODL and we can make a new top 10 currency!

We all know why we are here.
We've bought into a revived, fundamentally and provably solid coin. A coin others have copied.
Timing is everything in life. I've taken my opportunity by researching and buying into this, literally. Yes, some had mined it previously, and some bought in for cents and not for dollars. So what? All coins start like this.
A whole lot of masternodes are locked in (5 to 10 days which is very quick) and this movement is on. HODLRS like me will get some of their investment back slowly over the next year. In the meantime the coin infrastructure is fast and reliable.
The selling off of the last 2 days will pass. It had to happen, I knew it would and waited to get more at a cheaper price. It will from time to time as the coin progresses for $5 to $10 to $20 in value. That's the same with all coins.
There are guides and helpful and supportive people everywhere, and this is only 10 days in. New wallets were released. We have closed off slack groups to keep infiltrators out. There will be more organisation for all type of CHC HODL movement.
I think it is important that the coin steadies itself and stays at $2 or $3 mark on cryptopia. I'd like to see it rise a little, but stability is key in next week or two.
It's time for the greed of last two days to stop. I don't mind it, it is human nature and people obviously can't believe their luck. It has got my my node. I bought remaining coins needed at $1.50 after buying my first ones at $6.
I thought about it, and it was this for me. My chance. Timing. I don't want to day trade and make losses and 10% here, and 20% there and pay fees and lose money and stress out... I'd rather back a coin and help it's community, if I can.
Original Miners and devs(?). Keep selling for next 2 weeks and let others who want to join the movement buy it cheap. But not everyone uses or knows of cryptopia. If you are a pretend of short term holder, then wait a month or two until the coin is available on other exchanges. It took me long enough to figure out how to buy this coin, and i've seen others ask in chat "where do i get a bit coin?" - that is why some of these coins are so inflated and over-valued. As they are listed as one of 5 or 10 options on some the well advertised sites.
CHC coin is still top 100, but it was top 50. Let's not lose momentum. Let's get it listed on another exchange, once devs are ready for the next step, and I think they are judging by feedback and their comments.
In 2017 there has been ICO scams, hacking scams. There are enough burned, hungry, and wise people in this movement.
In 2017 every coin from January to June sky-rocketed. In next 2 or 3 years more and more people will (and have to) invest. We are only just beginning.
I've been watching and chatting and i've been reading articles, seeing their videos. For 7 days or more. CHC is legit.
I've been looking at coins for a month now. I've chosen CHC as my all-in. I have half a bitcoin and then a bitcoin of CHC. I've spoken to a few others in chat who also feel this way. When a coin has potential - it has a cap, has residual income. It has all the features of DASH. It has a great and apt name (for the block chain techonlogy), a happy development team, a charismatic leader... so, why not? Who is to stop it?
Haters of other coins? People saying it's a pump and dump. Other POS coins? 'Smart' investors, when even wall street don't get it right.
It's a gamble. But it is a calculated one. Every other coin gets pumped and dumped, over and over.
Let's not be the first movement and then fail before we really begin. We've got time. 2017 is really early, still. It is a great time to invest. It isn't 2013 where bitcoin suddenly plummeted. No, bitcoin is the only giant - everything else is still to hit the headlines. ETH is a platform, and while amazingly smart it is years away from fruition. They are all speculative investments and in 12 months we can be a viable coin to work with useful apps, collaborating with great like-minded teams around the world. We just need one angry birds, or coffee shop to choose us.
The official site has had content added in last week or so. Good content too! The devs say 'stay tuned'. This is on. We can compete with any coin.
How many people have crypto coins in the world. Not many. How many are going to need them? Well, in USA 220 million don't even have bank accounts. Let's go long term with this and HODL.
Join all the forums, like all the videos. Pool together for nodes.
I'd wait a month before you tell friends or family. Let's see if the coin stabilises and proves to the crypto haters, and the short term dumpers, and the sceptics and the non believers. Proves that we are the Chain Gang. That we are in for the long haul and we believe and have faith.
If you are reading this and haven't got a coin. Now might be the time get a few.
Let's do this!
submitted by XDY81 to HodlChaincoin [link] [comments]

[Table] IAmA: Hi Reddit, I’m Bill Gates and I’m back for my third AMA. Ask me anything.

Verified? (This bot cannot verify AMAs just yet)
Date: 2015-01-28
Link to submission (Has self-text)
Questions Answers
2015 will mark the 30th anniversary of Microsoft Windows. What do you think the next 30 years holds in terms of technology? What will personal computing will look like in 2045? There will be more progress in the next 30 years than ever. Even in the next 10 problems like vision and speech understanding and translation will be very good. Mechanical robot tasks like picking fruit or moving a hospital patient will be solved. Once computers/robots get to a level of capability where seeing and moving is easy for them then they will be used very extensively. One project I am working on with Microsoft is the Personal Agent which will remember everything and help you go back and find things and help you pick what things to pay attention to. The idea that you have to find applications and pick them and they each are trying to tell you what is new is just not the efficient model - the agent will help solve this. It will work across all your devices.
Hello Mr. Gates, what is in your opinion the main obstacle to the success to poop water machine? and how can we overcome that obstacle? thank you. Sewage is a problem. Since it costs money to process it just gets dumped in slums in poor countries. The system the rich world uses of pumping in clean water and pumping it to a processing plant is too expensive. I challenged engineers to create a processor of sewage where the costs could be covered by the energy and water (clean water) that it outputs. We have made progress on that. One team, Janicki, which was written up in Wired, is send a prototype machine to Senegal later this year. Getting rid of sewage helps a lot to reduce disease and improve living conditions.  
EDIT: Speaking of the OmniProcessor. You inspired me to post a photo over in /photoshopbattles. Have a look: Link to www.reddit.com
What is your opinion on bitcoins or cyptocurency as a whole? Also do you own any yourself? Bitcoin is an exciting new technology. For our Foundation work we are doing digital currency to help the poor get banking services. We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.
Overall financial transactions will get cheaper using the work we do and Bitcoin related approaches.
Making sure that it doesn't help terrorists is a challenge for all new technology.
One of the themes in this year's Gates letter is helping to improve agricultural practices in Africa. As a person who was raised in an agricultural community in Canada, the ideas you presented really resonated with me. As individuals, is there anything we can do to help Africa achieve food security? Government aid funding from rich countries to develop new seeds and help the countries educate their farmers and provide credit to them can make a huge difference. Canada does some of this like the United States. We need to raise African productivity by 1.5 to 2x in order for them to avoid malnutrition and be able to lift themselves out of poverty. It is strange a continent with 70% adults as farmers imports food from countries like the US with 2% farmers. Africa spends $50B net buying food today. With productivity improvement they can offset the weather getting worse and feed their children enough to thrive.  
EDIT: You can read our letter here: www.gatesletter.com.
Hello, Bill. As for the Reddit 's Secret Santa we know what present you've given this year. But we don't know what gift YOU have received from your Secret Santa. Can you tell us? It is quite a coincidence but my gift arrived this morning. I got three cool things - a great quilt that a group of people did with a Snoo on it. A great jug of maple syrup and the book The Promise of a Pencil. All very thoughtful. Last year I waited and nothing came.
EDIT: More to come soon: Link to i.imgur.com  
EDIT 2: Reddit just let me know that I did get a gift last year: a generous donation to Heifer International, a great non-profit that helps fight poverty and hunger around the world. So, thank you SailorKingCobra, my Secret Santa!
As there are so many great philanthropic causes, how did you and Melinda decided on the causes that you wanted to put the majority of your effort? There are a lot of great causes. It is important not to be frozen trying to pick since it is important to specialize and really learn the area you are trying to help. We picked health inequity as our global thing and educational inequity as our national thing and most of our projects fit into these areas. Part of the beauty of philanthropy is the diversity of causes and approaches that get tried. It is far more risk oriented than government or private sector spending which makes it special when it is done right.
Hello Mr. Gates, I admire the work you've done to eradicate diseases such as polio from the world. What can we do as citizens to help keep these diseases gone for good? Polio eradication is a big focus for me. Our last case in Africa was 6 months ago and we are hoping no more show up. It takes over a year to be sure. We still have cases in Afghanistan and Pakistan. Until we get rid of it there it can spread back to other countries. Pakistan is starting to take this seriously including the army and the government. They need to do the same things that were done in Nigeria. The Taliban makes it very difficult. They have killed women going to vaccinate kids many times.
Hi Bill, my question: Is there anything in life that you regret doing or not doing? I feel pretty stupid that I don't know any foreign languages. I took Latin and Greek in High School and got A's and I guess it helps my vocabulary but I wish I knew French or Arabic or Chinese. I keep hoping to get time to study one of these - probably French because it is the easiest. I did Duolingo for awhile but didn't keep it up. Mark Zuckerberg amazingly learned Mandarin and did a Q&A with Chinese students - incredible.
Do you have a pet? If so what's his/her name? We have two dogs. One is Oreo and the other is Nilla. I will say I spend less time with the dogs than the kids do but I really like them (when they are not barking at night and not eating things they are not supposed to and when they are well house trained). I have resisted getting a third dog.  
EDIT: Here's a photo: Link to i.imgur.com
Mr Gates, Do you feel that we are facing an overpopulation problem on this planet? If so, what do you think needs to be done about it? Fortunately as people get healthy they choose to have less kids. We have already had the maximum number of births - that number is starting to go down. We still need to help provide health and contraception in poor countries but all of the global population growth is coming from people living longer. Hans Rosling talks about this in the clearest way at Link to vimeo.com
In your opinion, has technology made the masses less intelligent? Technology is not making people less intelligent. If you just look at the complexity people like in Entertainment you can see a big change over my lifetime. Technology is letting people get their questions answered better so they stay more curious. It makes it easier to know a lot of topics which turns out to be pretty important to contribute to solving complex problems.
What do you think has improved life the most in poor countries in the last 5 years? Vaccines make the top of the list. Being able to grow up healthy is the most basic thing. So many kids get infectious diseases and don't develop mentally and physically. I was in Berlin yesterday helping raise $7.5B for vaccines for kids in poor countries. We barely made it but we did which is so exciting to me!
Hi Mr. Gates! Thanks so much for coming back again, I missed your last 2 AMAs. We have some tough scientific challenges like an HIV cure.
What do you think is the hardest challenge that the Bill and Melinda Gates foundation is currently facing? However the toughest thing is helping teachers learn from the best teachers. There are great teachers and the kids who get them are lucky. We should be able to spread those skills but the current system doesn't do it very well.
Mr. Bill Gates, what is your favorite expensive food? Nathan Myhrvold has some amazing modern cuisine stuff that is super tasty. I am not a foodie but his new concoctions are amazing.
I also like Thai and Indian food but it doesn't have to be expensive.
Thanks for doing the AMA. I am a great admirer of your philanthropic work. My question for you is regarding medical research funding. I know your foundation focuses largely on global health issues, but do you have thoughts on research back here in the USA? Governmental funding is reaching dangerously low levels, and many bright and talented clinicians and scientists aren't even applying for federal grants knowing they have little chance of being funded. What can we do about this? As an aside, I am about to launch a non-profit dedicated to crowdfunding individual medical research projects. I'm working with little entrepreneurial experience or backing but a ton of passion and experience in the healthcare field--do you have any suggestions or is there anyone at your foundation who might take a few minutes to offer some advice? Edit: whoops. Reddit ate the end of my post. Research is very underfunded compared to the ideal. Society captures so much benefit from innovation that inventors don't so there is not enough risk taking. Government (and Foundation) funding of research helps but it still should be more. The United States funds a lot more than any other country even relative to its success. It should do more medical and energy and educational and other research. Politicians often think short term unless the voters tell them to avoid that. Perhaps the most outrageous thing is we have not raised Energy research funding to help solve climate change!
Although you are a billionaire, do you sometimes buy generic products over brand-name ones? If so, what are the products you buy? I am pretty basic when it comes to clothes and food. My big splurge is having a plane to fly around in.
I play tennis so I invest in shoes and racquets to help but they don't make a big difference.
Last updated: 2015-02-01 19:56 UTC
This post was generated by a robot! Send all complaints to epsy.
submitted by tabledresser to tabled [link] [comments]

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