2018 Crypto News Stolen Mt Gox Bitcoin Enters Exchanges

Technical: A Brief History of Payment Channels: from Satoshi to Lightning Network

Who cares about political tweets from some random country's president when payment channels are a much more interesting and are actually capable of carrying value?
So let's have a short history of various payment channel techs!

Generation 0: Satoshi's Broken nSequence Channels

Because Satoshi's Vision included payment channels, except his implementation sucked so hard we had to go fix it and added RBF as a by-product.
Originally, the plan for nSequence was that mempools would replace any transaction spending certain inputs with another transaction spending the same inputs, but only if the nSequence field of the replacement was larger.
Since 0xFFFFFFFF was the highest value that nSequence could get, this would mark a transaction as "final" and not replaceable on the mempool anymore.
In fact, this "nSequence channel" I will describe is the reason why we have this weird rule about nLockTime and nSequence. nLockTime actually only works if nSequence is not 0xFFFFFFFF i.e. final. If nSequence is 0xFFFFFFFF then nLockTime is ignored, because this if the "final" version of the transaction.
So what you'd do would be something like this:
  1. You go to a bar and promise the bartender to pay by the time the bar closes. Because this is the Bitcoin universe, time is measured in blockheight, so the closing time of the bar is indicated as some future blockheight.
  2. For your first drink, you'd make a transaction paying to the bartender for that drink, paying from some coins you have. The transaction has an nLockTime equal to the closing time of the bar, and a starting nSequence of 0. You hand over the transaction and the bartender hands you your drink.
  3. For your succeeding drink, you'd remake the same transaction, adding the payment for that drink to the transaction output that goes to the bartender (so that output keeps getting larger, by the amount of payment), and having an nSequence that is one higher than the previous one.
  4. Eventually you have to stop drinking. It comes down to one of two possibilities:
    • You drink until the bar closes. Since it is now the nLockTime indicated in the transaction, the bartender is able to broadcast the latest transaction and tells the bouncers to kick you out of the bar.
    • You wisely consider the state of your liver. So you re-sign the last transaction with a "final" nSequence of 0xFFFFFFFF i.e. the maximum possible value it can have. This allows the bartender to get his or her funds immediately (nLockTime is ignored if nSequence is 0xFFFFFFFF), so he or she tells the bouncers to let you out of the bar.
Now that of course is a payment channel. Individual payments (purchases of alcohol, so I guess buying coffee is not in scope for payment channels). Closing is done by creating a "final" transaction that is the sum of the individual payments. Sure there's no routing and channels are unidirectional and channels have a maximum lifetime but give Satoshi a break, he was also busy inventing Bitcoin at the time.
Now if you noticed I called this kind of payment channel "broken". This is because the mempool rules are not consensus rules, and cannot be validated (nothing about the mempool can be validated onchain: I sigh every time somebody proposes "let's make block size dependent on mempool size", mempool state cannot be validated by onchain data). Fullnodes can't see all of the transactions you signed, and then validate that the final one with the maximum nSequence is the one that actually is used onchain. So you can do the below:
  1. Become friends with Jihan Wu, because he owns >51% of the mining hashrate (he totally reorged Bitcoin to reverse the Binance hack right?).
  2. Slip Jihan Wu some of the more interesting drinks you're ordering as an incentive to cooperate with you. So say you end up ordering 100 drinks, you split it with Jihan Wu and give him 50 of the drinks.
  3. When the bar closes, Jihan Wu quickly calls his mining rig and tells them to mine the version of your transaction with nSequence 0. You know, that first one where you pay for only one drink.
  4. Because fullnodes cannot validate nSequence, they'll accept even the nSequence=0 version and confirm it, immutably adding you paying for a single alcoholic drink to the blockchain.
  5. The bartender, pissed at being cheated, takes out a shotgun from under the bar and shoots at you and Jihan Wu.
  6. Jihan Wu uses his mystical chi powers (actually the combined exhaust from all of his mining rigs) to slow down the shotgun pellets, making them hit you as softly as petals drifting in the wind.
  7. The bartender mutters some words, clothes ripping apart as he or she (hard to believe it could be a she but hey) turns into a bear, ready to maul you for cheating him or her of the payment for all the 100 drinks you ordered from him or her.
  8. Steely-eyed, you stand in front of the bartender-turned-bear, daring him to touch you. You've watched Revenant, you know Leonardo di Caprio could survive a bear mauling, and if some posh actor can survive that, you know you can too. You make a pose. "Drunken troll logic attack!"
  9. I think I got sidetracked here.
Lessons learned?

Spilman Channels

Incentive-compatible time-limited unidirectional channel; or, Satoshi's Vision, Fixed (if transaction malleability hadn't been a problem, that is).
Now, we know the bartender will turn into a bear and maul you if you try to cheat the payment channel, and now that we've revealed you're good friends with Jihan Wu, the bartender will no longer accept a payment channel scheme that lets one you cooperate with a miner to cheat the bartender.
Fortunately, Jeremy Spilman proposed a better way that would not let you cheat the bartender.
First, you and the bartender perform this ritual:
  1. You get some funds and create a transaction that pays to a 2-of-2 multisig between you and the bartender. You don't broadcast this yet: you just sign it and get its txid.
  2. You create another transaction that spends the above transaction. This transaction (the "backoff") has an nLockTime equal to the closing time of the bar, plus one block. You sign it and give this backoff transaction (but not the above transaction) to the bartender.
  3. The bartender signs the backoff and gives it back to you. It is now valid since it's spending a 2-of-2 of you and the bartender, and both of you have signed the backoff transaction.
  4. Now you broadcast the first transaction onchain. You and the bartender wait for it to be deeply confirmed, then you can start ordering.
The above is probably vaguely familiar to LN users. It's the funding process of payment channels! The first transaction, the one that pays to a 2-of-2 multisig, is the funding transaction that backs the payment channel funds.
So now you start ordering in this way:
  1. For your first drink, you create a transaction spending the funding transaction output and sending the price of the drink to the bartender, with the rest returning to you.
  2. You sign the transaction and pass it to the bartender, who serves your first drink.
  3. For your succeeding drinks, you recreate the same transaction, adding the price of the new drink to the sum that goes to the bartender and reducing the money returned to you. You sign the transaction and give it to the bartender, who serves you your next drink.
  4. At the end:
    • If the bar closing time is reached, the bartender signs the latest transaction, completing the needed 2-of-2 signatures and broadcasting this to the Bitcoin network. Since the backoff transaction is the closing time + 1, it can't get used at closing time.
    • If you decide you want to leave early because your liver is crying, you just tell the bartender to go ahead and close the channel (which the bartender can do at any time by just signing and broadcasting the latest transaction: the bartender won't do that because he or she is hoping you'll stay and drink more).
    • If you ended up just hanging around the bar and never ordering, then at closing time + 1 you broadcast the backoff transaction and get your funds back in full.
Now, even if you pass 50 drinks to Jihan Wu, you can't give him the first transaction (the one which pays for only one drink) and ask him to mine it: it's spending a 2-of-2 and the copy you have only contains your own signature. You need the bartender's signature to make it valid, but he or she sure as hell isn't going to cooperate in something that would lose him or her money, so a signature from the bartender validating old state where he or she gets paid less isn't going to happen.
So, problem solved, right? Right? Okay, let's try it. So you get your funds, put them in a funding tx, get the backoff tx, confirm the funding tx...
Once the funding transaction confirms deeply, the bartender laughs uproariously. He or she summons the bouncers, who surround you menacingly.
"I'm refusing service to you," the bartender says.
"Fine," you say. "I was leaving anyway;" You smirk. "I'll get back my money with the backoff transaction, and posting about your poor service on reddit so you get negative karma, so there!"
"Not so fast," the bartender says. His or her voice chills your bones. It looks like your exploitation of the Satoshi nSequence payment channel is still fresh in his or her mind. "Look at the txid of the funding transaction that got confirmed."
"What about it?" you ask nonchalantly, as you flip open your desktop computer and open a reputable blockchain explorer.
What you see shocks you.
"What the --- the txid is different! You--- you changed my signature?? But how? I put the only copy of my private key in a sealed envelope in a cast-iron box inside a safe buried in the Gobi desert protected by a clan of nomads who have dedicated their lives and their childrens' lives to keeping my private key safe in perpetuity!"
"Didn't you know?" the bartender asks. "The components of the signature are just very large numbers. The sign of one of the signature components can be changed, from positive to negative, or negative to positive, and the signature will remain valid. Anyone can do that, even if they don't know the private key. But because Bitcoin includes the signatures in the transaction when it's generating the txid, this little change also changes the txid." He or she chuckles. "They say they'll fix it by separating the signatures from the transaction body. They're saying that these kinds of signature malleability won't affect transaction ids anymore after they do this, but I bet I can get my good friend Jihan Wu to delay this 'SepSig' plan for a good while yet. Friendly guy, this Jihan Wu, it turns out all I had to do was slip him 51 drinks and he was willing to mine a tx with the signature signs flipped." His or her grin widens. "I'm afraid your backoff transaction won't work anymore, since it spends a txid that is not existent and will never be confirmed. So here's the deal. You pay me 99% of the funds in the funding transaction, in exchange for me signing the transaction that spends with the txid that you see onchain. Refuse, and you lose 100% of the funds and every other HODLer, including me, benefits from the reduction in coin supply. Accept, and you get to keep 1%. I lose nothing if you refuse, so I won't care if you do, but consider the difference of getting zilch vs. getting 1% of your funds." His or her eyes glow. "GENUFLECT RIGHT NOW."
Lesson learned?

CLTV-protected Spilman Channels

Using CLTV for the backoff branch.
This variation is simply Spilman channels, but with the backoff transaction replaced with a backoff branch in the SCRIPT you pay to. It only became possible after OP_CHECKLOCKTIMEVERIFY (CLTV) was enabled in 2015.
Now as we saw in the Spilman Channels discussion, transaction malleability means that any pre-signed offchain transaction can easily be invalidated by flipping the sign of the signature of the funding transaction while the funding transaction is not yet confirmed.
This can be avoided by simply putting any special requirements into an explicit branch of the Bitcoin SCRIPT. Now, the backoff branch is supposed to create a maximum lifetime for the payment channel, and prior to the introduction of OP_CHECKLOCKTIMEVERIFY this could only be done by having a pre-signed nLockTime transaction.
With CLTV, however, we can now make the branches explicit in the SCRIPT that the funding transaction pays to.
Instead of paying to a 2-of-2 in order to set up the funding transaction, you pay to a SCRIPT which is basically "2-of-2, OR this singlesig after a specified lock time".
With this, there is no backoff transaction that is pre-signed and which refers to a specific txid. Instead, you can create the backoff transaction later, using whatever txid the funding transaction ends up being confirmed under. Since the funding transaction is immutable once confirmed, it is no longer possible to change the txid afterwards.

Todd Micropayment Networks

The old hub-spoke model (that isn't how LN today actually works).
One of the more direct predecessors of the Lightning Network was the hub-spoke model discussed by Peter Todd. In this model, instead of payers directly having channels to payees, payers and payees connect to a central hub server. This allows any payer to pay any payee, using the same channel for every payee on the hub. Similarly, this allows any payee to receive from any payer, using the same channel.
Remember from the above Spilman example? When you open a channel to the bartender, you have to wait around for the funding tx to confirm. This will take an hour at best. Now consider that you have to make channels for everyone you want to pay to. That's not very scalable.
So the Todd hub-spoke model has a central "clearing house" that transport money from payers to payees. The "Moonbeam" project takes this model. Of course, this reveals to the hub who the payer and payee are, and thus the hub can potentially censor transactions. Generally, though, it was considered that a hub would more efficiently censor by just not maintaining a channel with the payer or payee that it wants to censor (since the money it owned in the channel would just be locked uselessly if the hub won't process payments to/from the censored user).
In any case, the ability of the central hub to monitor payments means that it can surveill the payer and payee, and then sell this private transactional data to third parties. This loss of privacy would be intolerable today.
Peter Todd also proposed that there might be multiple hubs that could transport funds to each other on behalf of their users, providing somewhat better privacy.
Another point of note is that at the time such networks were proposed, only unidirectional (Spilman) channels were available. Thus, while one could be a payer, or payee, you would have to use separate channels for your income versus for your spending. Worse, if you wanted to transfer money from your income channel to your spending channel, you had to close both and reshuffle the money between them, both onchain activities.

Poon-Dryja Lightning Network

Bidirectional two-participant channels.
The Poon-Dryja channel mechanism has two important properties:
Both the original Satoshi and the two Spilman variants are unidirectional: there is a payer and a payee, and if the payee wants to do a refund, or wants to pay for a different service or product the payer is providing, then they can't use the same unidirectional channel.
The Poon-Dryjam mechanism allows channels, however, to be bidirectional instead: you are not a payer or a payee on the channel, you can receive or send at any time as long as both you and the channel counterparty are online.
Further, unlike either of the Spilman variants, there is no time limit for the lifetime of a channel. Instead, you can keep the channel open for as long as you want.
Both properties, together, form a very powerful scaling property that I believe most people have not appreciated. With unidirectional channels, as mentioned before, if you both earn and spend over the same network of payment channels, you would have separate channels for earning and spending. You would then need to perform onchain operations to "reverse" the directions of your channels periodically. Secondly, since Spilman channels have a fixed lifetime, even if you never used either channel, you would have to periodically "refresh" it by closing it and reopening.
With bidirectional, indefinite-lifetime channels, you may instead open some channels when you first begin managing your own money, then close them only after your lawyers have executed your last will and testament on how the money in your channels get divided up to your heirs: that's just two onchain transactions in your entire lifetime. That is the potentially very powerful scaling property that bidirectional, indefinite-lifetime channels allow.
I won't discuss the transaction structure needed for Poon-Dryja bidirectional channels --- it's complicated and you can easily get explanations with cute graphics elsewhere.
There is a weakness of Poon-Dryja that people tend to gloss over (because it was fixed very well by RustyReddit):
Another thing I want to emphasize is that while the Lightning Network paper and many of the earlier presentations developed from the old Peter Todd hub-and-spoke model, the modern Lightning Network takes the logical conclusion of removing a strict separation between "hubs" and "spokes". Any node on the Lightning Network can very well work as a hub for any other node. Thus, while you might operate as "mostly a payer", "mostly a forwarding node", "mostly a payee", you still end up being at least partially a forwarding node ("hub") on the network, at least part of the time. This greatly reduces the problems of privacy inherent in having only a few hub nodes: forwarding nodes cannot get significantly useful data from the payments passing through them, because the distance between the payer and the payee can be so large that it would be likely that the ultimate payer and the ultimate payee could be anyone on the Lightning Network.
Lessons learned?

Future

After LN, there's also the Decker-Wattenhofer Duplex Micropayment Channels (DMC). This post is long enough as-is, LOL. But for now, it uses a novel "decrementing nSequence channel", using the new relative-timelock semantics of nSequence (not the broken one originally by Satoshi). It actually uses multiple such "decrementing nSequence" constructs, terminating in a pair of Spilman channels, one in both directions (thus "duplex"). Maybe I'll discuss it some other time.
The realization that channel constructions could actually hold more channel constructions inside them (the way the Decker-Wattenhofer puts a pair of Spilman channels inside a series of "decrementing nSequence channels") lead to the further thought behind Burchert-Decker-Wattenhofer channel factories. Basically, you could host multiple two-participant channel constructs inside a larger multiparticipant "channel" construct (i.e. host multiple channels inside a factory).
Further, we have the Decker-Russell-Osuntokun or "eltoo" construction. I'd argue that this is "nSequence done right". I'll write more about this later, because this post is long enough.
Lessons learned?
submitted by almkglor to Bitcoin [link] [comments]

The Forthcoming CryptoTrapdoor

TLDR: CIA wants you to use bitcoin, but CIA is bad and they are up to something. When you've traded your last dollars, they'll laugh and pull the plug on bitcoin. Then you will be sad.
UPDATE:
Google is developing cryptocoin tools. Ok so the problem with that is manifold
  1. ) We know google is CIA; CIA is very untrustworthy--they've spied on us illegally since 9/11 created a security state junta; they got their start with inqtel a cia company; assange says its cia; everything they do from censoring technopopulists to promoting a fugitive from the law hillary clinton (by our FBI's own admission in congress!) over a lawfully elected president, while undermining the same....all suggest Google is still CIA.
  2. ) CIA was effectively a merger of former US intelligence and expropriated Nazi intelligence and researchers (Operation Paperclip), guided by a Nazi sympathizer whose post-WW2 work was serving as a lawyer and strategist to assist Nazi officers escape punishment and hide their wealth through various financial proxies (Allen Dulles). This is our true history. Dulles also was fired by JFK and then was charged with producing the Warren Report about JFK's assassination. MKULTRA is where we drugraped teens to blackmail politicians (brownstone ops), drugraped prostitutes and soldiers (edgewood), and performed unethical human experimentation that continues to this day. That was CIA, Navy, Darpa
  3. ) I'll say it again, a Nazi sympathizer who hid nazi gold in switzerland and ran ratlines to argentina for nazi officers, who wanted to use a false flag operation to destroy Cuba but was denied, was in charge of JFK's investigation. Kind of like having a Deepstate operative like Robert Mueller type in charge of the official 9/11 report isn't it?
  4. ) CIA is Wall Street's private army.
  5. ) NSA scans your emails, your text messages, all your information---"capture it all". They have been caught several times front-running on your private data. Any screenplay you wrote, any invention you put in a file on the google drive, and investments you're planning, any business projects you're in----they have already read and are already using in an anti-competitive way, front running on your good ideas.
  6. ) Through asset forfeitures, the US Government has a majority of Bitcoin; this is from mt gox hack recovery, silk road, silk road 2, alphabay and other darknet seizures abroad of bitcoin
  7. ) The US Government has spent 6 months colluding with the media to undermine Trump with a fake story that everyone now knows is fake (except a vanishingly few marginal, sophomoric violents, antifa types in california).
  8. ) The FBI has spent now over a year maintaining a falsified document leveraged to create a disinfo to create a psychological war against US citizens, in lieu of doing their ACTUAL job of busting a now-widely known SPY RING IN CONGRESS
  9. ) The US Government (Permanent State) has been bitching, moaning, whining about every little thing Trump has done; failing to recognize his accomplishments which are objectively pro-citizen; while letting very high level criminal avoid punishment---creating a dual justice system
  10. ) Cryptocoin has skyrocketted based well beyond confidence if you look historically at DOW industrial trends...this is a bubble, an obvious bubble. Who is blowing this bubble? Well look who has the majority share
  11. ) You don't know who runs the exchanges, but the modus operandi of those who run the exchanges are that of both criminals and intelligence agencies. I suggest it's both of them working together to run the exchanges
  12. ) After all, you can't mine bitcoin now, if you do you'll lose money because electricity to mine costs more than what you'll get from mining unless you already own vast mining infrastructure--this is the marginal cost of mining. The marginal cost of mining far exceeds purchase price of bitcoin so you might as well buy it
  13. ) Who has spare bitcoin to sell, if mining is so unprofitable AND bitcoin keeps going up? Who would sell bitcoin if it's that compelling? LOL THINK! G D it. THINK!!!! Use your brain. Someone is dumping bitcoin on you, and you're eating it up, thinking you're a genius for investing in it so early.... it's a trap...it's a honeypot. Owning a bitcoin is not a illuminati scout member badge into an exclusive club you dolts
Given that the US Security-Industrial complex, the 17 agencies, primarily CIA, NSA, FBI, NGA, DoD have been using that unaccounted-for 20T dollars now to spy on--not only us, the lumpen citizens of US, but also our Congress members--through the Pakistani liaison loophole of the Awan Brothers, it's very clear that they have NOT honored the underlying principles and values of our constitution and our culture generally. They are concerned with making money by any and all possible means---even through absolute evil--and they are concerned with controlling society very rigidly through technology, psychology, exploitation of human fears, wants and aspirations.
One way to control people is through money. When society gets out of control, especially when they start to doubt, or to hate, the control imposed upon them, the government goes absolutely insane
Because we've already proven in an earlier post that the US Government is the batshit paranoid conspiracy theorist that has ever existed, and it uses any and all desperate measures to control people's minds. That is it's true purpose and operating principle above all else. Money is just a means to that end. The mental health industry is a means to that end. The music and film industries are a means to that end. Academia is a means to that end. Modern art is a means to that end. I could go on and on how the CIA has inserted itself into all aspects of culture to create an enormous establishmentarian cult, but that's not the point of this post--though mentioning this is germane to this post to the extent that it's necessary to understand in the context of the CRYPTOCOIN TRAPDOOR>>>
So what is this cryptocoin trapdoor?
Hmm. Let me try to explain this in terms of a ruse that happened to me last year. I was invited to join a sub /sphinxclub which was ostensibly an 'antimason' sub. I had been down on freemasons / jesuits (still am) at least high level ones. I see them as the common denominator in many of these strategies-of-tension around the world, and the evidence for that is overwhelming. So I joined sphinxclub and after little activity we asked the sub's creator "so what is this sub about, what are we doing here, who wants to start the dialogue". The answer was something like "we're waiting for 20 mods to be invited so we can open the trapdoor and send everyone into hell". I thought it was a joke, and then there was an 'assignment' which I believed (in my opinion) was asking people to commit an act of left-wing terrorism against a defense contractor in florida who was believed to be using electromagnetic waves as harassment and mind control to create 'mass murder shooters' like the Navy Yard shooting. Of course I'm interested in figuring out if there's truth to this, but the means was illegal, so I left.
This strategy is both a honeypot and a trapdoor. Honeypot to bring you in and waste your time (timeloop you, waste your effort otherwise spent on writing subversive essays that undermine the establihment). Trapdoor to get you put in jail.
I believe crypto is the same type of honeypot-trapdoor
Honeypot because
  1. ) Honeypot because it's going up very quickly and now bitcoin is worth more than gold
  2. ) John McAffee a renowned technologist and drug-addled madman with spooky origins says he'll eat his penis if bitcoin isn't worth more than what a million by 2020? Something like that. He allegedly has his own mining facility in latin america, iirc.
  3. ) Honeypot because Google is now going to support it
  4. ) Honeypot because US Gov is looking the other way and China supported it
Tradoor because
  1. ) China banning it
  2. ) Finanical experts warning it's a fraud
  3. ) Me warning it's a fraud because the NSA has over 2000 Qbit quantum computers now and likely runs the exchanges
  4. ) Ebay is using it -- George Webb's research tied Omidyar directly to Deepstate
  5. ) CIA is Wall Street's private army and cannot have a situation they dont' control.
  6. ) Max Keiser and Stacey Hubert have said, numerous times, with many financial guests that NSA/CIA are manipulating markets while using the media to have you believe it's anarchic...it's an illusion
  7. ) JP Morgan is trying to manipulate crypto in europe now
  8. ) If you exchange your dollars for bitcoin, and then bitcoin plummets, then the elite have just taken your last bit of wealth away
  9. ) At this point the only people who can make money off bitcoin ARE the elite, so buying crypto is a cannabalization of dollar-owners by the political elite on the industrial/retail elite -- intelligence-aligned (dynastic) rich are eating the nouveau rich; and they are eating left-coast crypto liberals also
  10. ) EDIT: Oops forgot about civil asset forfeiture of unpaid capital gains taxes on crypto being like a stock
What is your agenda with this anti-bitcoin stuff?
I have none. These are just my thoughts I'm sharing with you and why I no longer support bitcoin until such time there are laws that guarantee that these things I worry about are inhibited. In other words, we need a non-corrupt intelligence community and guarantee they aren't manipulating it before I can trust using any kind of crypto currency. I'm telling you because I want you to make sound choices with your money and be happy and have a good safe life.
The best thing you can do right now is watch this video
What can you do?
Buy gold, silver, platinum. Or a tractor. Or bullet making equipment. Because guns are worthless without bullets.
Sources
submitted by 911bodysnatchers322 to C_S_T [link] [comments]

The Forthcoming Crypto Trapdoor

TLDR: CIA wants you to use bitcoin, but CIA is bad and they are up to something. When you've traded your last dollars, they'll laugh and pull the plug on bitcoin. Then you will be sad.
Google is developing cryptocoin tools. Ok so the problem with that is manifold
  1. ) We know google is CIA; CIA is very untrustworthy--they've spied on us illegally since 9/11 created a security state junta; they got their start with inqtel a cia company; assange says its cia; everything they do from censoring technopopulists to promoting a fugitive from the law hillary clinton (by our FBI's own admission in congress!) over a lawfully elected president, while undermining the same....all suggest Google is still CIA.
  2. ) CIA was effectively a merger of former US intelligence and expropriated Nazi intelligence and researchers (Operation Paperclip), guided by a Nazi sympathizer whose post-WW2 work was serving as a lawyer and strategist to assist Nazi officers escape punishment and hide their wealth through various financial proxies (Allen Dulles). This is our true history. Dulles also was fired by JFK and then was charged with producing the Warren Report about JFK's assassination. MKULTRA is where we drugraped teens to blackmail politicians (brownstone ops), drugraped prostitutes and soldiers (edgewood), and performed unethical human experimentation that continues to this day. That was CIA, Navy, Darpa
  3. ) I'll say it again, a Nazi sympathizer who hid nazi gold in switzerland and ran ratlines to argentina for nazi officers, who wanted to use a false flag operation to destroy Cuba but was denied, was in charge of JFK's investigation. Kind of like having a Deepstate operative like Robert Mueller type in charge of the official 9/11 report isn't it?
  4. ) CIA is Wall Street's private army.
  5. ) NSA scans your emails, your text messages, all your information---"capture it all". They have been caught several times front-running on your private data. Any screenplay you wrote, any invention you put in a file on the google drive, and investments you're planning, any business projects you're in----they have already read and are already using in an anti-competitive way, front running on your good ideas.
  6. ) Through asset forfeitures, the US Government has a majority of Bitcoin; this is from mt gox hack recovery, silk road, silk road 2, alphabay and other darknet seizures abroad of bitcoin
  7. ) The US Government has spent 6 months colluding with the media to undermine Trump with a fake story that everyone now knows is fake (except a vanishingly few marginal, sophomoric violents, antifa types in california).
  8. ) The FBI has spent now over a year maintaining a falsified document leveraged to create a disinfo to create a psychological war against US citizens, in lieu of doing their ACTUAL job of busting a now-widely known SPY RING IN CONGRESS
  9. ) The US Government (Permanent State) has been bitching, moaning, whining about every little thing Trump has done; failing to recognize his accomplishments which are objectively pro-citizen; while letting very high level criminal avoid punishment---creating a dual justice system
  10. ) Cryptocoin has skyrocketted based well beyond confidence if you look historically at DOW industrial trends...this is a bubble, an obvious bubble. Who is blowing this bubble? Well look who has the majority share
  11. ) You don't know who runs the exchanges, but the modus operandi of those who run the exchanges are that of both criminals and intelligence agencies. I suggest it's both of them working together to run the exchanges
  12. ) After all, you can't mine bitcoin now, if you do you'll lose money because electricity to mine costs more than what you'll get from mining unless you already own vast mining infrastructure--this is the marginal cost of mining. The marginal cost of mining far exceeds purchase price of bitcoin so you might as well buy it
  13. ) Who has spare bitcoin to sell, if mining is so unprofitable AND bitcoin keeps going up? Who would sell bitcoin if it's that compelling? LOL THINK! G D it. THINK!!!! Use your brain. Someone is dumping bitcoin on you, and you're eating it up, thinking you're a genius for investing in it so early.... it's a trap...it's a honeypot. Owning a bitcoin is not a illuminati scout member badge into an exclusive club you dolts
Given that the US Security-Industrial complex, the 17 agencies, primarily CIA, NSA, FBI, NGA, DoD have been using that unaccounted-for 20T dollars now to spy on--not only us, the lumpen citizens of US, but also our Congress members--through the Pakistani liaison loophole of the Awan Brothers, it's very clear that they have NOT honored the underlying principles and values of our constitution and our culture generally. They are concerned with making money by any and all possible means---even through absolute evil--and they are concerned with controlling society very rigidly through technology, psychology, exploitation of human fears, wants and aspirations.
One way to control people is through money. When society gets out of control, especially when they start to doubt, or to hate, the control imposed upon them, the government goes absolutely insane
Because we've already proven in an earlier post that the US Government is the batshit paranoid conspiracy theorist that has ever existed, and it uses any and all desperate measures to control people's minds. That is it's true purpose and operating principle above all else. Money is just a means to that end. The mental health industry is a means to that end. The music and film industries are a means to that end. Academia is a means to that end. Modern art is a means to that end. I could go on and on how the CIA has inserted itself into all aspects of culture to create an enormous establishmentarian cult, but that's not the point of this post--though mentioning this is germane to this post to the extent that it's necessary to understand in the context of the CRYPTOCOIN TRAPDOOR>>>
So what is this cryptocoin trapdoor?
Hmm. Let me try to explain this in terms of a ruse that happened to me last year. I was invited to join a sub /sphinxclub which was ostensibly an 'antimason' sub. I had been down on freemasons / jesuits (still am) at least high level ones. I see them as the common denominator in many of these strategies-of-tension around the world, and the evidence for that is overwhelming. So I joined sphinxclub and after little activity we asked the sub's creator "so what is this sub about, what are we doing here, who wants to start the dialogue". The answer was something like "we're waiting for 20 mods to be invited so we can open the trapdoor and send everyone into hell". I thought it was a joke, and then there was an 'assignment' which I believed (in my opinion) was asking people to commit an act of left-wing terrorism against a defense contractor in florida who was believed to be using electromagnetic waves as harassment and mind control to create 'mass murder shooters' like the Navy Yard shooting. Of course I'm interested in figuring out if there's truth to this, but the means was illegal, so I left.
This strategy is both a honeypot and a trapdoor. Honeypot to bring you in and waste your time (timeloop you, waste your effort otherwise spent on writing subversive essays that undermine the establihment). Trapdoor to get you put in jail.
I believe crypto is the same type of honeypot-trapdoor
Honeypot because
  1. ) Honeypot because it's going up very quickly and now bitcoin is worth more than gold
  2. ) John McAffee a renowned technologist and drug-addled madman with spooky origins says he'll eat his penis if bitcoin isn't worth more than what a million by 2020? Something like that. He allegedly has his own mining facility in latin america, iirc.
  3. ) Honeypot because Google is now going to support it
  4. ) Honeypot because US Gov is looking the other way and China supported it
Tradoor because
  1. ) China banning it
  2. ) Finanical experts warning it's a fraud
  3. ) Me warning it's a fraud because the NSA has over 2000 Qbit quantum computers now and likely runs the exchanges
  4. ) Ebay is using it -- George Webb's research tied Omidyar directly to Deepstate
  5. ) CIA is Wall Street's private army and cannot have a situation they dont' control.
  6. ) Max Keiser and Stacey Hubert have said, numerous times, with many financial guests that NSA/CIA are manipulating markets while using the media to have you believe it's anarchic...it's an illusion
  7. ) JP Morgan is trying to manipulate crypto in europe now
  8. ) If you exchange your dollars for bitcoin, and then bitcoin plummets, then the elite have just taken your last bit of wealth away
  9. ) At this point the only people who can make money off bitcoin ARE the elite, so buying crypto is a cannabalization of dollar-owners by the political elite on the industrial/retail elite -- intelligence-aligned (dynastic) rich are eating the nouveau rich; and they are eating left-coast crypto liberals also
  10. ) EDIT: Oops forgot about civil asset forfeiture of unpaid capital gains taxes on crypto being like a stock
What is your agenda with this anti-bitcoin stuff?
I have none. These are just my thoughts I'm sharing with you and why I no longer support bitcoin until such time there are laws that guarantee that these things I worry about are inhibited. In other words, we need a non-corrupt intelligence community and guarantee they aren't manipulating it before I can trust using any kind of crypto currency. I'm telling you because I want you to make sound choices with your money and be happy and have a good safe life.
The best thing you can do right now is watch this video
What can you do?
Buy gold, silver, platinum. Or a tractor. Or bullet making equipment. Because guns are worthless without bullets.
Sources
submitted by 911bodysnatchers322 to TruthLeaks [link] [comments]

Is this really a bubble?

There was a huge deal made over Bitcoin going over $1,000,000,000 like it was some great milestone Bitcoin struggled over, but less than a week later it was about 1.5 billion dollars and could easily shoot through 2 billion soon, so while Bitcoin has experienced huge growth it really does seem to be natural rather than speculative mainly. I mean MT.GOX has had a huge lag fest and strongcoin got hacked but the price has remained strong and good news keeps on coming.
http://bitcoinwatch.com/
Thoughts?
submitted by W-Z-R to Bitcoin [link] [comments]

Kim Nilsson - Cracking MtGox - YouTube The Bitcoin Group #175 - Bitcoin Regulation - Mt. Gox Sells - Binance Hacked? - Blockchain Voting Bitcoin News and the MtGox Hack on BBC News Mt. Gox exchange blames hackers for huge bitcoin losses, files for bankruptcy - economy Bitcoin FUD - Mt Gox, Binance Hack, SEC Regulations!

A user account carrying a significant amount of Bitcoin on the trading site Mt. Gox was hacked by an unknown party, who then attempted to sell the lot to themselves and exchange the Bitcoin into ... Breach follows massive hack of Mt. Gox in 2014. A European Bitcoin exchange had about $5 million worth of the cryptocurrency stolen by hackers over the weekend.. The Slovenia-based Bitstamp ... Mt Gox has gone offline taking all our Bitcoin with it. I have lost quite a lot of my money today 🙁 — Dan Bull 🍐 (@itsDanBull) February 25, 2014 As Rehabilitation Trustee, Nobuaki Kobayashi was placed . The post Mt. Gox Whale Secures ‘Rehabilitation Trustee’ Balance of $623 Million appeared first on CCN The virtual currency Bitcoin is often used in transactions as it also grants users a degree of anonymity. The original Silk Road site was shut down by the FBI in 2013 but those behind it said they would start a new site and shortly afterwards Silk Road 2 appeared online. Completely empty In a statement posted on Silk Road 2 forums, the administrator of the site, known as Defcon, said: "We have ... 1 Bitcoins / 247 Bitcoin / 247 BTC / Bitcoin / Bitcoin Crash / Bitcoin News / Bitcoins / Bitfinex / Bitfinex Crash / Bitfinex Hack / Bitfinex USD Tethers / BTC / BTC News / BTC Value / Crypto / Crypto Crash / Crypto Rating / Crypto Review / Dr. Sol Adoni / Featured / Hacked Bitcoin / Kryptous / Mt Gox / Mt Gox Hack / News / News BTC / Prophet ...

[index] [36579] [39283] [16669] [4644] [3848] [11386] [49850] [137] [11587] [12324]

Kim Nilsson - Cracking MtGox - YouTube

Bad news for some bitcoin holders. Mt. Gox, once the world's biggest exchange for the virtual currency, says it has "lost" around 350 million euros worth of them. Mt. Gox Chief Executive Mark ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Mt. Gox’s Mark Karpelès is dedicating his life to righting the wrongs of his company’s collapse in 2014. Subscribe to Fortune - http://www.youtube.com/subscr... Kim Nilsson - Cracking MtGox Information on how mtgox got hacked from the breaking bitcoin meet up 2017 subscribe to TheBitcoinArmy youtube channel Cryptocurrency News - Mt. Gox Bitcoin Hack! Craig Wright has been in legal battles for a very long time now. Craig Wright also claims to be Satoshi and the creator of Bitcoin. In a recent ...

#