The King Is dead long live the king. Bitcoin Bubble , ICO madness . What are the fundamentals for Money and democracy?


On Tulip Manias and Fragility in our Nascent Democracy.The Future of Us: ZeroNet @ TED2017

On Tulip Manias and Fragility in our Nascent Democracy.for ethereum to have utility as a means of exchange what is needed is stability, money has several functions Store of Value means of exchange and unit of account being the most well known. The idea of Bitcoin and ethereum being in competition is unhealthy for both. Both currencies are complementary and their chief predator and enemy is FIAT money or Central Banks and issuers of FIAT money credit. Ether and Bitcoin are vanishingly insignificant in the context of the Trillion dollars Global FIAT derivatives market. Money is by definition debt in the current system and both Ether and Bitcoin are pegged to FIAT currencies and hence debt. The size of the FIAT debt market dwarves Bitcoin and Ether and they are both highly vulnerable to market manipulation, as such they are merely tolerated. As long as they are seen speculatively there is a potential problem but, if Cryptocurrency generally is seen as a complementary alternative system that is symbiotically connected and mutually supporting outside of a FIAT money framework then real value and enduring value will be created and become
un-manipulated by the structured/rigged and Coercive FIAT debt ´´Markets“`
Here are two blogs I did on Ether and Bitcoin over a year ago. Both Ether and Bitcoin are and have been in Bubble territory, diversification and balanced portfolios rule in what is a highly volatile and As I say very very small and therefore highly manipulated market place. Remember, Money and Value is make believe so have lots and lots of dreams, not just one.

Why Aren’t We Seeing Greater Adoption of Cryptocurrency? via @YouTube

Ryan Taylor defines two reasons crypto hasn’t gone mainstream yet — and it may not be the reasons you’ve been told elsewhere. This is the speech delivered b…

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“Why no Greater Adoption of Cryptocurrency? via @YouTube #AmandaIsSatoshi #BitcoinBubble

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Roger Lewis
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Bitcoin’s Bubble vs. Dash’s Killer App: Amanda B. Johnson at UNM via @YouTube

Cryptocurrency’s ~14 billion dollar market cap is largely betting that one or more blockchain-based tokens become widely used as “money.” But given crypto’s …

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Roger Lewis
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Farewell! And May the Currency Competition Be With You via @YouTube

Amanda and Pete-the-Manservant give a farewell and thanks in the final episode of The Daily Decrypt. Check out our new channel!…

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Roger Lewis
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Satoshi WTF, PofW or Proof Of Stake. Web Freedom under seige. – The Conquest Of Dough ( Novel) Multimedia Web Site

The Conquest Of Dough ( Novel) Multimedia Web Site

MUSO MUSINGS : Fatherhood, Theory & Stuff · Post Extraordinary Claims Require Extraordinary Proof – Dr. Craig Wright Blog #Satoshi Who gives a Fuck. Who´s the Daddy? Posting as Roger Lewis Update Revert to draft Preview Close ComposeHTML Link

Extraordinary Claims Require Extraordinary Proof – Dr. Craig Wright Blog: Yesterday, Andreas Antonopoulos posted a fantastic piece on Reddit. Andreas said something critically important and it bears repeating: “I think the identity of Satoshi Nakamoto does not matter”. He’s absolutely right. It doesn’t – and shouldn’t ­– matter to the Bitcoin community. I cannot deny that my interest in bringing the origins of Bitcoin into the light is ultimately and undeniably a selfish one – the only person to whom this should matter is me.…

~ Are Bitcoins a Ponzi Scheme?~
I believe that Bitcoins are a Ponzi Scheme. Here below, in excerpts from a essay written in Nov, 2013, investor Gary North explains why. If you or someone you know are considering cryptocurrencies as investments I hope you will read this. If you have already invested, and get out now, you will be in a better position than many.
Those selling Bitcoins or encouraging others to buy will be angered by the ideas North presents in this essay. That’s …

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Roger Lewis
Roger Lewis I Made these interactive Quizzes based upon the Positive Money Quiz By David Faraday and the money creation Survey of MP´s

In fact, the choice of Žižek as our theoretical foundation may be understood as a concession to the undecidability of money as an inherent feature of the phenomenon itself. Paraphrasing Lacan’s infamous slogan that ‘The woman does not exist’, our analytical approach to Bitcoin is underpinned by the following assumption: ‘Money does not exist’.This obviously does not mean that there is no actual money in the world but rather that money has no transhistorical essence, which would lend it to a general theoretical definition.Such approach to the study of money also puts us in line with Dodd’s recent invitation to ‘[embrace] all of the various empirical forms of money without lapsing into an arbitrary nominalism’…/ole_bjerg_how_is_bitcoin_money…

Bitcoin is in a huge Bubble, that should not be confused with Ponzi Schemes they are quite different things.…/on-tulip…

The essay quoted is quite old Ethereum had not come on the scene by then also the Rash Of Initial Coin Offerings is the sign of a Greater Fool Bandwagon. The Real Estate Bubblöes all over the world and other asset bubbles are no different.

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September 27, 2017

Threshold (Signature) of Greatness – Dr. Craig Wright – Hong Kong 2017


nChain Chief Scientist Dr. Craig Wright speaks about how Threshold Signatures and advanced technology can power Bitcoin’s greater future. He discusses some of nChain’s research and innovation work to support growth of the bitcoin network for everyone’s benefit, and dares the bitcoin community to dream of a greater future for bitcoin.
This speech was given at Bitkan’s “Shape the Future” Blockchain Global Summit – Tech Session in Hong Kong (September 21, 2017).


Bitcoin: inside the £8bn swindle

Is this man the multimillionaire genius behind bitcoin: the digital currency now worth over £8bn and threatening to do for banks what Uber did to cab offices? Or does he just really want people to believe he is?

May 2, 2017

Jon Matonis Joins Blockchain Pioneer nChain as Vice President of Corporate Strategy


London, United Kingdom May 2, 2017 – Blockchain pioneer nChain announces the appointment of Bitcoin Foundation Executive Director Jon Matonis as its new Vice President of Corporate Strategy.  In this position, Matonis will support nChain’s business growth by developing commercial relationships, and evaluating opportunities for strategic investments and acquisitions.
Jon Matonis is widely recognised as a leading Bitcoin researcher and is a non-executive board director for several notable companies in the space. Since 2012, his technology and security writings have appeared in publications such as ForbesCoinDeskBitcoin MagazineAmerican Banker, and PaymentsSource.
Jon is also a founding director for the Bitcoin Foundation which served as the industry’s first nonprofit trade association originally chartered to provide financial compensation for voluntary protocol code developers and to promote the vision of Bitcoin worldwide. His career has also included senior roles with Sumitomo Bank, VISA International, VeriSign, and Hushmail.
Additionally, Matonis created the first and leading general price index for Bitcoin known as the Bitcoin Price Index (BPI), hosted the largest ever Bitcoin/blockchain conference to date in Amsterdam during 2014, and enlisted seven regional chapter offices to the Bitcoin Foundation from countries such as France, Germany, and Bangladesh.
Arthur Davis, Director of nChain Holdings Limited, comments:

N CHains New Hire.

Back to GQ article.

The other people in the room were economist and Bitcoin Foundation founding director Jon Matonis, who was the expert witness for the PR agency brokering the interview, and its two representatives, who were attempting not to look too panicked.

We were barely eight minutes in when Wright took issue with Dr Courtois’ suggestion that his evidence was not conclusive.
“You’ve got this one thing,” said Wright. “If you don’t like it, then f*** off.”

There was an audible groan from the PR side of the room.
Who Satoshi is is a mute point purely academic, what is clear that Craig Wright identifies that Bitcoin is not being exploited to its full potential summed up in this Quote in a previous Blog here.

Dr Craig Smith Says in the infamous video here, That…

 “Fourth and fourth like languages actually do loop and have dual stack architecture. ”Everything we are talking about in derived form contracts can actually be done in the Bitcoin protocol´´. @5’24 ´´

Ethereum has this functionality set out in its DNA as it were and made explicitly in its published White and yellow papers.

What is Ethereum Metropolis? The 4 Stages of Ethereum.

This, not the first time Ethereum has upgraded of course and it won’t be the last time. Ethereum was not designed to be just a mode of currency. It was designed to be a platform for decentralized applications. However, before it can do so, it needs to go through various stages of growth. With each stage, Ethereum “levels up” by incorporating more and more properties making its system more robust and seamless.
The complete launch process of Ethereum was divided into 4 stages. This was done to make sure that various phases got their own developmental time and that every stage was developed as efficiently and optimally as possible.
The 4 stages are as follows:
  • Frontier: This was what everyone got when Ethereum was first launched.
  • Homestead: The stage that we are on as of writing.
  • Metropolis: The upcoming phase.
  • Serenity: The final stage.

The Internet is under attack, rather Freedom on the internet is under attack. The Bitcoin, BlockChain, Distributed web, the democratisation of Information and its trustless confirmation challenge centralised Power Hierarchies. Bitcoin hubris will destroy Bitcoin without any help from the establishment, the establishment has clearly decided it is too risky to rely on collective herd instinct to discredit Bitcoin and crypto / Blockchain and are hastening its demise.

The distributed Web built on Blockchain is hopefully sufficiently out in the wild now to make its adoption inevitable all be it obstructed by Bad actors of the state and collective hubris and stupidity of the current Fad/BandWagon/Bubble.

Bitcoin and Ether are bubbles though and not Ponzi schemes.

Heres Amanda of The Daily De Crypt, For some in-depth analysis of the History of the Crypto Space you can do much worse than spend some time listening to Amanda.


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Author: rogerglewis Looking for a Job either in Sweden or UK. Freelance, startups, will turń my hand to anything.

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