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From Conspiracy to Fact: An analysis of the COVID-19 Pandemic, Information Control, and the New World Order (Appendix includes hundreds of citations) - PART 1

UPDATE: This article is now available as a printable PDF with embedded hyperlinks for navigation through sources. This link will be valid thru July 9: https://ufile.io/4mpkg4x6

PLEASE NOTE: This article may be updated periodically with new information and links as they become available. All referenced information and a whole lot more is indexed and linked in the related appendix posts. Please feel free to crosspost, share, and take from my ideas to build your own. Namaste.
Part 1 | Part 2 | Appendix A | Appendix B

Hello. My name is Chris. I am nobody, really. An average citizen. I am an overweight 42 year old white male from the Midwestern suburbs of the US who has been fortunate enough to live a pretty comfortable life. I used to be a freelance graphic designer with a focus on small businesses, but I'm coming to terms with the fact that that career and part of my life is more than likely over in light of current events. Oh well, it was fun while it lasted.
I've always been concerned about social injustice and tried to stay politically informed, even dabbling in some activism here and there. At times I've stepped away from paying attention for my own mental health, or due to laziness, defeatism, whatever. But I've never stopped caring, or trying, to fight the good fight and do the right thing.
The news recently has of course swept us all up, and touched all our lives in some way or another. The world has never seen anything like the "Coronavirus Pandemic," and it's clear that our society will be changed forever when we finally come out the other end of this mess. But I've had the luxury of time recently, and in reading the news about things that were going on, I couldn't help but notice the patterns, and that a lot of stuff didn't exactly make sense.
So, here we go, with the "conspiracy theory."
I hate that term, because although it's technically accurate, it's been demonized and weaponized by the media and society at large to take on a bad connotation. Tinfoil hats, alien abductions, crazy people muttering to themselves, etc. You've no doubt got a lot of images in your mind of a conspiracy theorist.
And make no mistake, what I'm going to tell you here is all currently very popular conspiracy theory. However, I think that by removing opinions and conjecture from it, and focusing on facts and things that have already happened, I can present this huge amount of overwhelming, disparate information in a way that makes it less a "theory" and more a "research project." And so that is how I have approached this.
I have spent the last week doing little else besides reading every news and opinion article I could find, saving and organizing hundreds of links, and assembling a coherent, logical outline to organize and present these theories, and more importantly, facts. There are a lot of less-than-reputable sites and publications out there, and I have tried when at all possible to provide sources from verifiable news sites, with a wide range of slants and focuses, to illustrate that what is happening is not part of any one particular political agenda.
I hope that you take the time to check the links, really look into the information presented here, and form your own opinions. Please do not just take my word for it. To that end, there are also a few links mixed in that are labeled as having come from conspiracy. These are well-written and well-reasoned posts from other concerned citizens that I think are worth reading, and relevant to the discussion here.
One last thing - If you are new to most of these ideas, the information presented here is more than likely going to seem overwhelming at first. I encourage you now, and always, to take mental health breaks for yourself, and put down your phone or turn off your computer. The information will be here when you come back. And as you'll soon understand, what is happening is an unstoppable tide, truly a force of nature at this point, and there is nothing you can do to fight it, so try your hardest to relax, put on some chill music, hug your dog, and most of all...
BREATHE.
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If you start researching conspiracy theory, you're going to find a lot of information. Some much better or worse presented than others, and some much more plausible or unbelievable than others. Despite the seeming ridiculousness of some things you might read, I encourage you to always approach new information with an open mind.
That said though, I have one main principle that guides all my beliefs about conspiracy theories, and that is the "Filter of Likelihood." Essentially, you have to ask yourself how possible, how likely, and how feasible a piece of information is. Furthermore, you need to ask yourself what the motivation would be. In many cases, it's quite easy to see how something makes a lot of sense based on other known info, whereas some theories seem rather implausible no matter how you look at it.
I am interested only in the plausible, and where possible, the already actualized. Additionally, there's a lot to be said, and a lot that has already been written on many of these topics, so I will focus on current events and simple concepts.
I will also ask you to open your mind to possibility. Please consider this as you evaluate new information:
  1. Do you believe there are things going on in the world that you don't know about yet?
  2. Do you believe that there is technology and science you've never heard of?
  3. Do you believe that society is progressing at an increasing rate?
  4. Do you believe that as populations grow, we require new societal strategies?
  5. Do you believe that those with power and money want to retain their power and money?
Of course you believe all these things, and none of these are wild or unusual concepts. Rather, these are very basic concepts that apply to everyone, and always have. They are all part of our shared human experience, and undeniable facts of life. Populations grow, societies evolve, technology advances, and the world changes. And most important to our discussion here, people, families, and empires constantly jockey for power and control, while fighting for resources, power, fame, and...
MONEY.
We all hate TicketMaster, right? Who do they think they are, what the hell is this bullshit "service fee," etc. It's something everyone can get behind. But did you know that TicketMaster willingly cultivates that image? That venues, teams, and artists, in their pursuit of more money, raise fees and then let TicketMaster be the bad guy and take the heat so their reputations remain intact?
There are many more people, organizations, and other entities in the world playing that same role for those who really have the money, who really call the shots. And those who call the shots work very hard and spend absolutely unfathomable amounts of money, time, and blood, to make sure that you don't ever realize who's actually taking your money.
They do this in the simplest, easiest way. If you simply control information from the top down, and disseminate it when and where you see fit, you can effect great societal change without lifting a finger.
Please imagine... really, try to imagine... You just read an article, saw a video, whatever, from a very, very reputable source. And it just informed you that an asteroid was 83% likely to impact the Earth next month. What would you do? What would happen in the world?
Hopefully an asteroid will not hit next month, but it's important to really imagine what would happen and why, and how. Because a huge amount of information would be generated and published, people would panic, society would crumble, and the world as you know it would change forever in an instant, the moment you read that headline.
Control of information is one of the most powerful tools known to mankind today. A person living in 2020 can easily encounter as much information in a day as someone in Medieval times might have encountered in a lifetime. And it comes at you from all angles, in all forms, non-stop, 24/7. Much like the water in the pipe, the information is always there, and one needs but turn it on.
Disseminating the information then becomes a practice all its own, and to be sure, information processing accounts for more than half of the US GDP. And the rate at which it's spread, and way it is handled makes a huge difference in the societal repercussions. So a few different techniques are used:
It might be the greatest understatement of all time to say that there has been a lot of information passed around about COVID-19, the "Coronavirus," recently. In fact, there has never been anything like what we are currently experiencing in all of human history, and not by a long shot. And this unprecedented turn of events has caused a lot of people to react in a lot of ways, and say and do a lot of things, for better or for worse.
Full disclosure: In particular, if you look up conspiracy theory, you'll see a lot of stuff suggesting that the "Coronavirus is a hoax." (You'll also find a lot of poorly-written rambling) I want to be clear that I DO NOT believe that. I am 100% sure that there is a Coronavirus, that it is making people sick, that a lot of people are dying, and that our medical professionals and many other undervalued workers are overwhelmed, and breaking their backs every day to do their best to keep their friends, families, and loved ones safe. I am extraordinarily grateful for them and admire the resolve and bravery that so many have shown in the face of this disaster. I do not think it is a hoax at all.
However, I think that literally everything else that is happening surrounding the "pandemic" is.
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The Pandemic
In the first week of January this year, I got sick. Really sick. I know when I got it and who I got it from, and honestly the exact moment I got it (I only was in proximity of the dude for a few minutes). He had warned me that he was really sick, and I blew it off. I started feeling sick a day or two later, and a day or two after that I felt like I was dying. Fever, chills, aches, extraordinary fatigue. And literal, nonstop, 24/7 coughing. I had every single symptom of what we now know as COVID-19. I commented to anyone who would listen that I didn't recall ever feeling that sick before in my entire life. The most memorable part of it though was that after a couple days, I completely lost my sense of smell and taste. Joked a lot about how you could feed me onions and soap cause I'd have no idea. I try to have a good attitude about being sick.
I spent a week sleeping on the couch before I finally went to the doctor. She gave me a Prednisolone steroid pack (which has worked well for me in the past), some Trazodone to knock me out, and Benzonatotate for my cough. As soon as I took the first dose of steroids I started to feel pretty fucking great, and it was more or less a non-issue after that.
I spoke to a lot of people about it then and after, and man, I can't tell you how many stories I personally heard from people I know that said the exact same thing. Then I started reading the same story over and over again on Reddit:
We didn't start really hearing about the Coronavirus in the media until the beginning of March, and we didn't hear about the "Pandemic" until just a couple weeks ago. And what a couple weeks it's been since then. But I am quite certain that it's been around for a lot longer and that I, and a lot of other people I know, had it - and DID NOT DIE FROM IT - way back in January.
We now know that the first documented case in the US was on January 19th, but that word "documented" is so, so important here. That means that we had identified the virus, developed a test, and tested a person with the symptoms that day. It does NOT mean that was when the virus reached the United States. How sick do you have to be before you take a day off work? Before you go to the doctor? With America's healthcare system or lack thereof, it's almost certain that many people had this virus before we determined what it was, and how infectious it really was.
There is also the matter of the statistics of severity vs the regular flu. This is a highly contentious topic and I am no medical expert, and do not wish to make any assertions. However, what I can tell you from my personal experience is this: I had a horrible "flu" in January, got basic medicine, got better. So, either I had the flu, or perhaps I did indeed have the Coronavirus.
We will never know because I was never tested. But the important thing is that it doesn't matter. Either I (and many others) had the Coronavirus and it did not kill us (calling into question the severity of the infection) or we just had a bad cold or flu, but it had the exact same symptoms as COVID-19 (calling into question the extent of Coronavirus diagnoses). But logically, one of those two statements is true.
Furthermore, the data keeps changing, and I don't mean increasing on a daily basis. I mean up and down, back and forth, it is deadly or maybe it isn't, etc. On January 14 the WHO told you it couldn't spread from human to human. But then on Jan 19 we saw the first case of Coronavirus in the United States. Then it turns out that the Wuhan market outbreak began earlier in December. And then it's an "epidemic," but most people will only get mild symptoms. What are you supposed to believe? And it sure does seem to come at you as a firehose, and it's hard to even think about anything because OHMYGODTHECORONAVIRUS!
But let's stop and look a couple basic facts. As a matter of fact, I'm going to let Dr. Sucharit Bhakdi explain this one to you. This is a very informative 10 minute video, watch it:
Sucharit Bhakdi - Very clear math showing that the COVID statistics are being manipulated
So 80% of people only experience mild symptoms, and we're crashing the economy for this? The statistics aren't any more extreme than many other illnesses we've had over time, and we're crashing the economy for this? It doesn't make sense until you consider that there are other factors besides just the virus at play.
Wolfgang Wodard - Explaining how the statistics are being manipulated to cause panic
The media, and society at large is inundating you with terrifying information about the Coronavirus. But if it's not as bad as we originally thought, then why? We don't freak out about every illness that comes along, and we've certainly never in the history of civilization had over 1/3 of the global population locked down under mandatory quarantine.
And then there's the debate about where the virus came from. We believe it came from a meat market in China, under unsanitary conditions. The science behind a coronavirus making the leap from one species to another is well-established and researched, and it is a very likely scenario. There are also conspiracy theories that state that China released it on its people intentionally, or even that the US military released it in China. Again, we will never know exactly where this Coronavirus came from. It may be natural, it may be man made, and there are very plausible paths for both. I don't know what to believe myself. So here I ask you to make your own judgement based on likelihood.
What we do know though is that the state of the world this virus has been unleashed on has played a major factor in its spread. In 1950 the global population was 2.5 billion, and that has exploded to almost 8 billion people in 2020. As a matter of fact, population growth has been exponential since about the time of the Industrial Revolution.
With all these people on the planet there are sure to be many disagreements and conflicts, and there indeed have been. As a matter of fact, 2019 saw global protests on an unprecedented scale, in Hong Kong, France, Syria, and many other countries. Citizens have literally been fighting police and military with rocks, clubs, arrows, and molotov cocktails.
Did you know that? Despite my seeing headlines and pictures every day of the riots in Hong Kong, I have been shocked to learn that multiple of my close friends, intelligent and aware people, had no knowledge whatsoever of the protests even existing. But that is far from a coincidence; rather, it is quite by design.
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Billionaires and Coincidences
Another major talking point over the last 5 to 10 years has been the "1%" - the handful of super-rich individuals who posess and control the vast majority of the Earth's wealth and resources. Where it used to just be a numerical term, "Billionaire" is now a dirty word, and one of the nastiest. We all hate billionaires. They are evil, and profit off the exploitation of the rest of the world.
The "Illuminati" we call them, in pursuit of a "New World Order." Crazy stuff, right? Mysterious symbols and people in black robes doing nefarious things in secret meetings, and running the world from behind the scenes. We love the Illuminati, it's a huge pop culture thing now. The subject of endless speculation, they are made fun of in the media, movies, and now Taco Bell commercials. It's so far fetched it could never really be true. And the fact that you think that is by design as well.
So, we don't know where the Coronavirus came from, but it's certainly here, and there are lot of other things unfolding in the world around it. Many different current events from all different places and fields of study. Some of it seems a little too coincidental. It is certainly very coincidental that this economically destructive Coronavirus entered the world right as there were global uprisings, protests in the street, and a growing public hatred for billionaires.
Well, here are a few other coincidences: Hundreds of CEOs of major companies stepped down from their positions in recent months. Multiple US Senators sold stock right before the market crashed. Even the boss of the New York Stock Exchange sold his own stock right before the crash. Did they know something they weren't telling us?
Here's another coincidence. In 2010, The Rockefeller Foundation published a selection of future-predicting scenarios in the name of "exploring the ways that technology and development could co-evolve." One of these four scenarios, entitled "Lock Step," eerily predicts a global viral pandemic and the resulting hypothetical consequences, which almost exactly mirrors the COVID-19 pandemic we are in the midst of today.
Also coincidental: The first case of COVID-19 was diagnosed in China on November 17th, 2019. Literally one month earlier, The Johns Hopkins Center for Health Security in partnership with the World Economic Forum and the Bill and Melinda Gates Foundation hosted Event 201, a high-level pandemic exercise on October 18, 2019, in New York, NY. In this exercise, they discuss the potential implications and consequences of a novel Coronavirus, including an economic crash, martial law, and of particular interest, the control of information. (You can view some published highlights here)
The World Economic Forum is comprised of the richest of the rich. The 1%. The Billionaires. CEO's, politicians, business owners, and many other powerful and influential figures. They meet regularly to discuss topics of global concern, and strongly control the dissemination of information. And of primary concern to many of them is maintaining their wealth and power in a rapidly-changing world.
And finally, here's one more coincidence: At the exact same time as the Event 201 exercise, The World Military Games was held in Wuhan, China, Oct 18-27, 2019. It was the largest military sports event ever to be held in China, with nearly 10,000 athletes from over 100 countries competing in 27 sports. Wuhan China was, as we now believe, the source of our current global COVID-19 outbreak.
Whether you think it is a "conspiracy" or not, that is all certainly coincidental, to say the least.
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"Why didn't I hear about any of this?"
That's an excellent question, and one that likely has multiple answers. For starters, how much do you really pay attention? Where do you get your news from? Do you research things you hear or just accept them on hearsay? Critical thinking skills are paramount in making sense of the chaos unfolding all around us.
As I mentioned before, I can tell you that I personally know multiple people who had no clue whatsoever about the riots in Hong Kong last year. As you read this, you may be one of them. And it may seem like something that is happening far away, and "could never happen here." Or you may have been aware of it but just that it was happening. But please, consider for a moment: millions of average citizens risked their lives and safety in the streets of Hong Kong for months on end, fighting police and military, and transforming the city they lived in into a warzone. WHY? Why would people do something like that? Regardless of their motivations, that many people were banding together to fight for something they believed in. And that is worth considering.
It's not really your fault though that you may not catch wind of all this news. The "mainstream media" that you hear about all the time deliberately controls information - downplaying threats and overreacting to silly things - in order to make sure that you hear the version of the news that they want you to hear.
Did you know that only 6 corporations control 90% of the media In America? That number is reduced from 50 companies in the 80's. And literally all the news you see on TV, at the very least, is 100% owned and controlled by these companies. Lately, distrust is growing for cable news networks, and many people turn to their local hometown station for trusted news. The problem with that though is that your hometown station is probably owned by Sinclair Media, one of the most powerful broadcast networks in the country that you've never heard of.
Please watch this very brief video, illustrating the chokehold that Sinclair Media maintains over your nightly local news broadcast: https://www.youtube.com/watch?v=hWLjYJ4BzvI
Of course, not every piece of news is pre-programmed but a lot is. The real news is out there, but sometimes you have to look a little deeper than the infographics on TV news. Even if information is being directed from the top down, the boots on the ground tend to be passionate people with a variety of interests and agendas, and they are still doing their best to do real journalism despite corporate oversight.
Think of those who are directing the information as steering an impossibly massive ship with a rudder. You can slowly adjust the course of direction, however it is slow to react. If you want to stop, you have to start thinking about stopping wayyy ahead of time. And similarly, once it gets underway, it is then influenced by an inertia all its own. Micro controls and adjustments aren't really possible.
Our society is this giant ship. There are 8 billion people on this earth - that is 8000 million. An incomprehensible number that grows rapidly every day. As civilization grows and advances, so does our medicine, our technology, our cultural norms. These are all natural processes that are necessary to manage an increasing number of societies all around the globe. And many of the advances we're making have exciting potential benefits for humanity, although as with all tools, they also inherently possess the potential for abuse.
Here are some other things happening in society right now, some you may be aware of and many you may not:
There is an interesting chicken or egg relationship between science fiction and real world science. Sci-fi writers are inspired by the real science of the day, then they apply their creativity to imagine what might be in the future. Young scientists encounter these fantastical ideas and think they are worth pursuing, and then set about to make them a reality, and the cycle continues.
Futuristic concepts are then preempted and introduced through the media to the conscious mind, as we include them in books, movies, TV, video games, and more. Eventually we start seeing headlines of these new technologies and developments happening in other places, usually Japan and China first due to their prevalence in the industrial and technological sectors of our global economy.
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Continue to Part 2

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Removed comments/submissions for /u/tds_dgs

Hi tds_dgs, you're not shadowbanned, but 31 of your most recent 200 comments/submissions were removed (either automatically or by human moderators).

Comments:

fsky9b8 in legaladvice on 02 Jun 20 (-20pts):
It's Archachatina marginata
fjgfkd2 in legaladvice on 04 Mar 20 (31pts):
This, NAL, but just bought a rental property with 2 tenants. When I purchased the property, There was a statement of tenants rights, and an escrow involved transferring the security deposits and the...
fc4k7ki in politics on 27 Dec 19 (1pts):
Beep boop orange man bad. Ignore economy input, does not compute. Beep beep , must replace electorate with non citizens. Communism is good, boop.
failuhp in politics on 12 Dec 19 (1pts):
The only people who will ever believe any that garbage already do. All the evidence is out already, all the witnesses have testified. It's all a bunch of TDS.

Submissions:

hfo6li in Conservative on 25 Jun 20 (1pts):
In 2018 Andy Beshear took Kentucky against all odds over popular incumbent Matt Bevin. The state was flooded with mail-in absentee ballots from New York and California. A year later we're hit with a...
h0aopb in legaladvice on 10 Jun 20 (1pts):
Bought land with easement to neighbor's property. Is it necessary? Is it possible to remove it? Indiana
grpwt5 in classicwow on 27 May 20 (1pts):
Improved demo shout
fv0294 in legaladvice on 04 Apr 20 (1pts):
Employees turning down job assignments, asking to be laid off, filing for unemployment. Our company is deemed essential and has work available.
fg5dn1 in unpopularopinion on 10 Mar 20 (1pts):
We should be a hell of a lot more pissed at China about the Coronavirus
earkno in classicwow on 15 Dec 19 (1pts):
Is there a horde side premade AV discord?
earkb8 in classicwow on 15 Dec 19 (1pts):
Any horde side premade AV discord?
e8v67q in askscience on 10 Dec 19 (1pts):
What could be causing the rapid decay of the Earth's magnetic field?
db0996 in askscience on 29 Sep 19 (1pts):
Are scientists considering genetically modifying plants to consume larger quantities of CO2?
closz1 in unpopularopinion on 03 Aug 19 (2pts):
Positive racism is still racism.
cja63j in askscience on 29 Jul 19 (1pts):
If you cheat while dieting, and cheat big, how many calories can your body actually utilize or store from a single sitting?
ccp7bf in Conservative on 13 Jul 19 (1pts):
Liberal thinking and Orwellian thought, nothing is as it seems, or was how it happened.
c8be97 in unpopularopinion on 02 Jul 19 (78pts):
If you find the flag of a country offensive you should GTFO of that country.
c19806 in AskReddit on 16 Jun 19 (1pts):
How would you feel about a law that requires a specialized driver's test for EVERYBODY every 5 years to renew your license?
c197hg in AskReddit on 16 Jun 19 (1pts):
How would you feel about a law that requires a specialized driver's test every 5 years to renew your license?
bziw6j in unpopularopinion on 11 Jun 19 (1pts):
Anti-antivaxx people are more outspoken and annoying than antivaxx people
bvndvv in unpopularopinion on 01 Jun 19 (1607pts):
Most people are completely delusional about how smart their kids are.
br2yw9 in AskMen on 20 May 19 (1pts):
Can we get politics out of sports?
bkrb90 in Showerthoughts on 04 May 19 (1pts):
Anyone who blames McDonald's for making people fat should visit a Chinese buffet.
bhlh1u in unpopularopinion on 26 Apr 19 (1pts):
Being gay, or female, or black, or in some other way 'socially disadvantaged' or a 'victim' doesn't pre-qualify you to make sweeping generalizations or to spout bigotry about other people.
bfhqbi in Showerthoughts on 20 Apr 19 (1pts):
The guy who thinks he should be able to choke-slam toddlers into foam pits for being annoying is severely underestimating a toddler's desire to be choke-slammed into a foam pit.
beq8ye in askscience on 18 Apr 19 (1pts):
Does magnetizing an object work by wrapping an already existing magnetic field tightly around another object to give it a stronger magnetic field? Would this cause over utilization of the Earth's...
bahq0u in unpopularopinion on 07 Apr 19 (1pts):
A lot of vaccines do more harm than good, but not all, and the anti-vaxx movement over generalizes the opinion.
b4zm1m in askscience on 24 Mar 19 (1pts):
Is it possible that black holes create a swelling of space time beneath the continuum?
b44vzv in UnethicalLifeProTips on 22 Mar 19 (1pts):
If you want to mine bitcoin look for someone renting out an inexpensive room and including utilities.
b3uxu1 in OutOfTheLoop on 21 Mar 19 (1pts):
What's with the Anti-vaxx thing? I see all these memes about Anti-vaxxers what makes someone an Anti-vaxxer?
azjh1l in askscience on 10 Mar 19 (1pts):
Is it possible that black holes convert matter to what we call dark matter?
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From Conspiracy to Fact: An analysis of the COVID-19 Pandemic, Information Control, and the New World Order (Appendix includes hundreds of citations) - PART 1

PLEASE NOTE: This article may be updated periodically with new information and links as they become available. All referenced information and a whole lot more is indexed and linked in the related appendix posts. Please feel free to crosspost, share, and take from my ideas to build your own. Namaste.
Part 1 | Part 2 | Appendix A | Appendix B
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Hello. My name is Chris. I am nobody, really. An average citizen. I am an overweight 42 year old white male from the Midwestern suburbs of the US who has been fortunate enough to live a pretty comfortable life. I used to be a freelance graphic designer with a focus on small businesses, but I'm coming to terms with the fact that that career and part of my life is more than likely over in light of current events. Oh well, it was fun while it lasted.
I've always been concerned about social injustice and tried to stay politically informed, even dabbling in some activism here and there. At times I've stepped away from paying attention for my own mental health, or due to laziness, defeatism, whatever. But I've never stopped caring, or trying, to fight the good fight and do the right thing.
The news recently has of course swept us all up, and touched all our lives in some way or another. The world has never seen anything like the "Coronavirus Pandemic," and it's clear that our society will be changed forever when we finally come out the other end of this mess. But I've had the luxury of time recently, and in reading the news about things that were going on, I couldn't help but notice the patterns, and that a lot of stuff didn't exactly make sense.
So, here we go, with the "conspiracy theory."
I hate that term, because although it's technically accurate, it's been demonized and weaponized by the media and society at large to take on a bad connotation. Tinfoil hats, alien abductions, crazy people muttering to themselves, etc. You've no doubt got a lot of images in your mind of a conspiracy theorist.
And make no mistake, what I'm going to tell you here is all currently very popular conspiracy theory. However, I think that by removing opinions and conjecture from it, and focusing on facts and things that have already happened, I can present this huge amount of overwhelming, disparate information in a way that makes it less a "theory" and more a "research project." And so that is how I have approached this.
I have spent the last week doing little else besides reading every news and opinion article I could find, saving and organizing hundreds of links, and assembling a coherent, logical outline to organize and present these theories, and more importantly, facts. There are a lot of less-than-reputable sites and publications out there, and I have tried when at all possible to provide sources from verifiable news sites, with a wide range of slants and focuses, to illustrate that what is happening is not part of any one particular political agenda.
I hope that you take the time to check the links, really look into the information presented here, and form your own opinions. Please do not just take my word for it. To that end, there are also a few links mixed in that are labeled as having come from conspiracy. These are well-written and well-reasoned posts from other concerned citizens that I think are worth reading, and relevant to the discussion here.
One last thing - If you are new to most of these ideas, the information presented here is more than likely going to seem overwhelming at first. I encourage you now, and always, to take mental health breaks for yourself, and put down your phone or turn off your computer. The information will be here when you come back. And as you'll soon understand, what is happening is an unstoppable tide, truly a force of nature at this point, and there is nothing you can do to fight it, so try your hardest to relax, put on some chill music, hug your dog, and most of all...
BREATHE.
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If you start researching conspiracy theory, you're going to find a lot of information. Some much better or worse presented than others, and some much more plausible or unbelievable than others. Despite the seeming ridiculousness of some things you might read, I encourage you to always approach new information with an open mind.
That said though, I have one main principle that guides all my beliefs about conspiracy theories, and that is the "Filter of Likelihood." Essentially, you have to ask yourself how possible, how likely, and how feasible a piece of information is. Furthermore, you need to ask yourself what the motivation would be. In many cases, it's quite easy to see how something makes a lot of sense based on other known info, whereas some theories seem rather implausible no matter how you look at it.
I am interested only in the plausible, and where possible, the already actualized. Additionally, there's a lot to be said, and a lot that has already been written on many of these topics, so I will focus on current events and simple concepts.
I will also ask you to open your mind to possibility. Please consider this as you evaluate new information:
  1. Do you believe there are things going on in the world that you don't know about yet?
  2. Do you believe that there is technology and science you've never heard of?
  3. Do you believe that society is progressing at an increasing rate?
  4. Do you believe that as populations grow, we require new societal strategies?
  5. Do you believe that those with power and money want to retain their power and money?
Of course you believe all these things, and none of these are wild or unusual concepts. Rather, these are very basic concepts that apply to everyone, and always have. They are all part of our shared human experience, and undeniable facts of life. Populations grow, societies evolve, technology advances, and the world changes. And most important to our discussion here, people, families, and empires constantly jockey for power and control, while fighting for resources, power, fame, and...
MONEY.
We all hate TicketMaster, right? Who do they think they are, what the hell is this bullshit "service fee," etc. It's something everyone can get behind. But did you know that TicketMaster willingly cultivates that image? That venues, teams, and artists, in their pursuit of more money, raise fees and then let TicketMaster be the bad guy and take the heat so their reputations remain intact?
There are many more people, organizations, and other entities in the world playing that same role for those who really have the money, who really call the shots. And those who call the shots work very hard and spend absolutely unfathomable amounts of money, time, and blood, to make sure that you don't ever realize who's actually taking your money.
They do this in the simplest, easiest way. If you simply control information from the top down, and disseminate it when and where you see fit, you can effect great societal change without lifting a finger.
Please imagine... really, try to imagine... You just read an article, saw a video, whatever, from a very, very reputable source. And it just informed you that an asteroid was 83% likely to impact the Earth next month. What would you do? What would happen in the world?
Hopefully an asteroid will not hit next month, but it's important to really imagine what would happen and why, and how. Because a huge amount of information would be generated and published, people would panic, society would crumble, and the world as you know it would change forever in an instant, the moment you read that headline.
Control of information is one of the most powerful tools known to mankind today. A person living in 2020 can easily encounter as much information in a day as someone in Medieval times might have encountered in a lifetime. And it comes at you from all angles, in all forms, non-stop, 24/7. Much like the water in the pipe, the information is always there, and one needs but turn it on.
Disseminating the information then becomes a practice all its own, and to be sure, information processing accounts for more than half of the US GDP. And the rate at which it's spread, and way it is handled makes a huge difference in the societal repercussions. So a few different techniques are used:
It might be the greatest understatement of all time to say that there has been a lot of information passed around about COVID-19, the "Coronavirus," recently. In fact, there has never been anything like what we are currently experiencing in all of human history, and not by a long shot. And this unprecedented turn of events has caused a lot of people to react in a lot of ways, and say and do a lot of things, for better or for worse.
Full disclosure: In particular, if you look up conspiracy theory, you'll see a lot of stuff suggesting that the "Coronavirus is a hoax." (You'll also find a lot of poorly-written rambling) I want to be clear that I DO NOT believe that. I am 100% sure that there is a Coronavirus, that it is making people sick, that a lot of people are dying, and that our medical professionals and many other undervalued workers are overwhelmed, and breaking their backs every day to do their best to keep their friends, families, and loved ones safe. I am extraordinarily grateful for them and admire the resolve and bravery that so many have shown in the face of this disaster. I do not think it is a hoax at all.
However, I think that literally everything else that is happening surrounding the "pandemic" is.
- - - - - - - - - - - - - - - - - - - - -
The Pandemic
In the first week of January this year, I got sick. Really sick. I know when I got it and who I got it from, and honestly the exact moment I got it (I only was in proximity of the dude for a few minues). He had warned me that he was really sick, and I blew it off. I started feeling sick a day or two later, and a day or two after that I felt like I was dying. Fever, chills, aches, extraordinary fatigue. And literal, nonstop, 24/7 coughing. I had every single symptom of what we now know as COVID-19. I commented to anyone who would listen that I didn't recall ever feeling that sick before in my entire life. The most memorable part of it though was that after a couple days, I completely lost my sense of smell and taste. Joked a lot about how you could feed me onions and soap cause I'd have no idea. I try to have a good attitude about being sick.
I spent a week sleeping on the couch before I finally went to the doctor. She gave me a Prednisolone steroid pack (which has worked well for me in the past), some Trazodone to knock me out, and Benzonatotate for my cough. As soon as I took the first dose of steroids I started to feel pretty fucking great, and it was more or less a non-issue after that.
I spoke to a lot of people about it then and after, and man, I can't tell you how many stories I personally heard from people I know that said the exact same thing. Then I started reading the same story over and over again on Reddit:
We didn't start really hearing about the Coronavirus in the media until the beginning of March, and we didn't hear about the "Pandemic" until just a couple weeks ago. And what a couple weeks it's been since then. But I am quite certain that it's been around for a lot longer and that I, and a lot of other people I know, had it - and DID NOT DIE FROM IT - way back in January.
We now know that the first documented case in the US was on January 19th, but that word "documented" is so, so important here. That means that we had identified the virus, developed a test, and tested a person with the symptoms that day. It does NOT mean that was when the virus reached the United States. How sick do you have to be before you take a day off work? Before you go to the doctor? With America's healthcare system or lack thereof, it's almost certain that many people had this virus before we determined what it was, and how infectious it really was.
There is also the matter of the statistics of severity vs the regular flu. This is a highly contentious topic and I am no medical expert, and do not wish to make any assertions. However, what I can tell you from my personal experience is this: I had a horrible "flu" in January, got basic medicine, got better. So, either I had the flu, or perhaps I did indeed have the Coronavirus.
We will never know because I was never tested. But the important thing is that it doesn't matter. Either I (and many others) had the Coronavirus and it did not kill us (calling into question the severity of the infection) or we just had a bad cold or flu, but it had the exact same symptoms as COVID-19 (calling into question the extent of Coronavirus diagnoses). But logically, one of those two statements is true.
Furthermore, the data keeps changing, and I don't mean increasing on a daily basis. I mean up and down, back and forth, it is deadly or maybe it isn't, etc. On January 14 the WHO told you it couldn't spread from human to human. But then on Jan 19 we saw the first case of Coronavirus in the United States. Then it turns out that the Wuhan market outbreak began earlier in December. And then it's an "epidemic," but most people will only get mild symptoms. What are you supposed to believe? And it sure does seem to come at you as a firehose, and it's hard to even think about anything because OHMYGODTHECORONAVIRUS!
But let's stop and look a couple basic facts. As a matter of fact, I'm going to let Dr. Sucharit Bhakdi explain this one to you. This is a very informative 10 minute video, watch it:
Sucharit Bhakdi - Very clear math showing that the COVID statistics are being manipulated
So 80% of people only experience mild symptoms, and we're crashing the economy for this? The statistics aren't any more extreme than many other illnesses we've had over time, and we're crashing the economy for this? It doesn't make sense until you consider that there are other factors besides just the virus at play.
Wolfgang Wodard - Explaining how the statistics are being manipulated to cause panic
The media, and society at large is inundating you with terrifying information about the Coronavirus. But if it's not as bad as we originally thought, then why? We don't freak out about every illness that comes along, and we've certainly never in the history of civilization had over 1/3 of the global population locked down under mandatory quarantine.
And then there's the debate about where the virus came from. We believe it came from a meat market in China, under unsanitary conditions. The science behind a coronavirus making the leap from one species to another is well-established and researched, and it is a very likely scenario. There are also conspiracy theories that state that China released it on its people intentionally, or even that the US military released it in China. Again, we will never know exactly where this Coronavirus came from. It may be natural, it may be man made, and there are very plausible paths for both. I don't know what to believe myself. So here I ask you to make your own judgement based on likelihood.
What we do know though is that the state of the world this virus has been unleashed on has played a major factor in its spread. In 1950 the global population was 2.5 billion, and that has exploded to almost 8 billion people in 2020. As a matter of fact, population growth has been exponential since about the time of the Industrial Revolution.
With all these people on the planet there are sure to be many disagreements and conflicts, and there indeed have been. As a matter of fact, 2019 saw global protests on an unprecedented scale, in Hong Kong, France, Syria, and many other countries. Citizens have literally been fighting police and military with rocks, clubs, arrows, and molotov cocktails.
Did you know that? Despite my seeing headlines and pictures every day of the riots in Hong Kong, I have been shocked to learn that multiple of my close friends, intelligent and aware people, had no knowledge whatsoever of the protests even existing. But that is far from a coincidence; rather, it is quite by design.
- - - - - - - - - - - - - - - - - - - - -
Billionaires and Coincidences
Another major talking point over the last 5 to 10 years has been the "1%" - the handful of super-rich individuals who posess and control the vast majority of the Earth's wealth and resources. Where it used to just be a numerical term, "Billionaire" is now a dirty word, and one of the nastiest. We all hate billionaires. They are evil, and profit off the exploitation of the rest of the world.
The "Illuminati" we call them, in pursuit of a "New World Order." Crazy stuff, right? Mysterious symbols and people in black robes doing nefarious things in secret meetings, and running the world from behind the scenes. We love the Illuminati, it's a huge pop culture thing now. The subject of endless speculation, they are made fun of in the media, movies, and now Taco Bell commercials. It's so far fetched it could never really be true. And the fact that you think that is by design as well.
So, we don't know where the Coronavirus came from, but it's certainly here, and there are lot of other things unfolding in the world around it. Many different current events from all different places and fields of study. Some of it seems a little too coincidental. It is certainly very coincidental that this economically destructive Coronavirus entered the world right as there were global uprisings, protests in the street, and a growing public hatred for billionaires.
Well, here are a few other coincidences: Hundreds of CEOs of major companies stepped down from their positions in recent months. Multiple US Senators sold stock right before the market crashed. Even the boss of the New York Stock Exchange sold his own stock right before the crash. Did they know something they weren't telling us?
Here's another coincidence. In 2010, The Rockefeller Foundation published a selection of future-predicting scenarios in the name of "exploring the ways that technology and development could co-evolve." One of these four scenarios, entitled "Lock Step," eerily predicts a global viral pandemic and the resulting hypothetical consequences, which almost exactly mirrors the COVID-19 pandemic we are in the midst of today.
Also coincidental: The first case of COVID-19 was diagnosed in China on November 17th, 2019. Literally one month earlier, The Johns Hopkins Center for Health Security in partnership with the World Economic Forum and the Bill and Melinda Gates Foundation hosted Event 201, a high-level pandemic exercise on October 18, 2019, in New York, NY. In this exercise, they discuss the potential implications and consequences of a novel Coronavirus, including an economic crash, martial law, and of particular interest, the control of information. (You can view some published highlights here)
The World Economic Forum is comprised of the richest of the rich. The 1%. The Billionaires. CEO's, politicians, business owners, and many other powerful and influential figures. They meet regularly to discuss topics of global concern, and strongly control the dissemination of information. And of primary concern to many of them is maintaining their wealth and power in a rapidly-changing world.
And finally, here's one more coincidence: At the exact same time as the Event 201 exercise, The World Military Games was held in Wuhan, China, Oct 18-27, 2019. It was the largest military sports event ever to be held in China, with nearly 10,000 athletes from over 100 countries competing in 27 sports. Wuhan China was, as we now believe, the source of our current global COVID-19 outbreak.
Whether you think it is a "conspiracy" or not, that is all certainly coincidental, to say the least.
- - - - - - - - - - - - - - - - - - - - -
"Why didn't I hear about any of this?"
That's an excellent question, and one that likely has multiple answers. For starters, how much do you really pay attention? Where do you get your news from? Do you research things you hear or just accept them on hearsay? Critical thinking skills are paramount in making sense of the chaos unfolding all around us.
As I mentioned before, I can tell you that I personally know multiple people who had no clue whatsoever about the riots in Hong Kong last year. As you read this, you may be one of them. And it may seem like something that is happening far away, and "could never happen here." Or you may have been aware of it but just that it was happening. But please, consider for a moment: millions of average citizens risked their lives and safety in the streets of Hong Kong for months on end, fighting police and military, and transforming the city they lived in into a warzone. WHY? Why would people do something like that? Regardless of their motivations, that many people were banding together to fight for something they believed in. And that is worth considering.
It's not really your fault though that you may not catch wind of all this news. The "mainstream media" that you hear about all the time deliberately controls information - downplaying threats and overreacting to silly things - in order to make sure that you hear the version of the news that they want you to hear.
Did you know that only 6 corporations control 90% of the media In America? That number is reduced from 50 companies in the 80's. And literally all the news you see on TV, at the very least, is 100% owned and controlled by these companies. Lately, distrust is growing for cable news networks, and many people turn to their local hometown station for trusted news. The problem with that though is that your hometown station is probably owned by Sinclair Media, one of the most powerful broadcast networks in the country that you've never heard of.
Please watch this very brief video, illustrating the chokehold that Sinclair Media maintains over your nightly local news broadcast: https://www.youtube.com/watch?v=hWLjYJ4BzvI
Of course, not every piece of news is pre-programmed but a lot is. The real news is out there, but sometimes you have to look a little deeper than the infographics on TV news. Even if information is being directed from the top down, the boots on the ground tend to be passionate people with a variety of interests and agendas, and they are still doing their best to do real journalism despite corporate oversight.
Think of those who are directing the information as steering an impossibly massive ship with a rudder. You can slowly adjust the course of direction, however it is slow to react. If you want to stop, you have to start thinking about stopping wayyy ahead of time. And similarly, once it gets underway, it is then influenced by an inertia all its own. Micro controls and adjustments aren't really possible.
Our society is this giant ship. There are 8 billion people on this earth - that is 8000 million. An incomprehensible number that grows rapidly every day. As civilization grows and advances, so does our medicine, our technology, our cultural norms. These are all natural processes that are necessary to manage an increasing number of societies all around the globe. And many of the advances we're making have exciting potential benefits for humanity, although as with all tools, they also inherently possess the potential for abuse.
Here are some other things happening in society right now, some you may be aware of and many you may not:
There is an interesting chicken or egg relationship between science fiction and real world science. Sci-fi writers are inspired by the real science of the day, then they apply their creativity to imagine what might be in the future. Young scientists encounter these fantastical ideas and think they are worth pursuing, and then set about to make them a reality, and the cycle continues.
Futuristic concepts are then preempted and introduced through the media to the conscious mind, as we include them in books, movies, TV, video games, and more. Eventually we start seeing headlines of these new technologies and developments happening in other places, usually Japan and China first due to their prevalence in the industrial and technological sectors of our global economy.

Continue to Part 2 >>

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⟳ 870 apps added, 78 updated at f-droid.org

Notice: this update is spurious, and the issue is being looked at.
⟳ f-droid.org from Wed, 26 Feb 2020 20:21:50 GMT updated on Sun, 01 Mar 2020 05:23:29 GMT contains 2962 apps.
Added (870)
Updated (78)
2020-03-01T05:53:18Z
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Transcript of discussion between an ASIC designer and several proof-of-work designers from #monero-pow channel on Freenode this morning

[08:07:01] lukminer contains precompiled cn/r math sequences for some blocks: https://lukminer.org/2019/03/09/oh-kay-v4r-here-we-come/
[08:07:11] try that with RandomX :P
[08:09:00] tevador: are you ready for some RandomX feedback? it looks like the CNv4 is slowly stabilizing, hashrate comes down...
[08:09:07] how does it even make sense to precompile it?
[08:09:14] mine 1% faster for 2 minutes?
[08:09:35] naturally we think the entire asic-resistance strategy is doomed to fail :) but that's a high-level thing, who knows. people may think it's great.
[08:09:49] about RandomX: looks like the cache size was chosen to make it GPU-hard
[08:09:56] looking forward to more docs
[08:11:38] after initial skimming, I would think it's possible to make a 10x asic for RandomX. But at least for us, we will only make an ASIC if there is not a total ASIC hostility there in the first place. That's better for the secret miners then.
[08:13:12] What I propose is this: we are working on an Ethash ASIC right now, and once we have that working, we would invite tevador or whoever wants to come to HK/Shenzhen and we walk you guys through how we would make a RandomX ASIC. You can then process this input in any way you like. Something like that.
[08:13:49] unless asics (or other accelerators) re-emerge on XMR faster than expected, it looks like there is a little bit of time before RandomX rollout
[08:14:22] 10x in what measure? $/hash or watt/hash?
[08:14:46] watt/hash
[08:15:19] so you can make 10 times more efficient double precisio FPU?
[08:16:02] like I said let's try to be productive. You are having me here, let's work together!
[08:16:15] continue with RandomX, publish more docs. that's always helpful.
[08:16:37] I'm trying to understand how it's possible at all. Why AMD/Intel are so inefficient at running FP calculations?
[08:18:05] midipoet ([email protected]/web/irccloud.com/x-vszshqqxwybvtsjm) has joined #monero-pow
[08:18:17] hardware development works the other way round. We start with 1) math then 2) optimization priority 3) hw/sw boundary 4) IP selection 5) physical implementation
[08:22:32] This still doesn't explain at which point you get 10x
[08:23:07] Weren't you the ones claiming "We can accelerate ProgPoW by a factor of 3x to 8x." ? I find it hard to believe too.
[08:30:20] sure
[08:30:26] so my idea: first we finish our current chip
[08:30:35] from simulation to silicon :)
[08:30:40] we love this stuff... we do it anyway
[08:30:59] now we have a communication channel, and we don't call each other names immediately anymore: big progress!
[08:31:06] you know, we russians have a saying "it was smooth on paper, but they forgot about ravines"
[08:31:12] So I need a bit more details
[08:31:16] ha ha. good!
[08:31:31] that's why I want to avoid to just make claims
[08:31:34] let's work
[08:31:40] RandomX comes in Sep/Oct, right?
[08:31:45] Maybe
[08:32:20] We need to audit it first
[08:32:31] ok
[08:32:59] we don't make chips to prove sw devs that their assumptions about hardware are wrong. especially not if these guys then promptly hardfork and move to the next wrong assumption :)
[08:33:10] from the outside, this only means that hw & sw are devaluing each other
[08:33:24] neither of us should do this
[08:33:47] we are making chips that can hopefully accelerate more crypto ops in the future
[08:33:52] signing, verifying, proving, etc.
[08:34:02] PoW is just a feature like others
[08:34:18] sech1: is it easy for you to come to Hong Kong? (visa-wise)
[08:34:20] or difficult?
[08:34:33] or are you there sometimes?
[08:34:41] It's kind of far away
[08:35:13] we are looking forward to more RandomX docs. that's the first step.
[08:35:31] I want to avoid that we have some meme "Linzhi says they can accelerate XYZ by factor x" .... "ha ha ha"
[08:35:37] right? we don't want that :)
[08:35:39] doc is almost finished
[08:35:40] What docs do you need? It's described pretty good
[08:35:41] so I better say nothing now
[08:35:50] we focus on our Ethash chip
[08:36:05] then based on that, we are happy to walk interested people through the design and what else it can do
[08:36:22] that's a better approach from my view than making claims that are laughed away (rightfully so, because no silicon...)
[08:36:37] ethash ASIC is basically a glorified memory controller
[08:36:39] sech1: tevador said something more is coming (he just did it again)
[08:37:03] yes, some parts of RandomX are not described well
[08:37:10] like dataset access logic
[08:37:37] RandomX looks like progpow for CPU
[08:37:54] yes
[08:38:03] it is designed to reflect CPU
[08:38:34] so any ASIC for it = CPU in essence
[08:39:04] of course there are still some things in regular CPU that can be thrown away for RandomX
[08:40:20] uncore parts are not used, but those will use very little power
[08:40:37] except for memory controller
[08:41:09] I'm just surprised sometimes, ok? let me ask: have you designed or taped out an asic before? isn't it risky to make assumptions about things that are largely unknown?
[08:41:23] I would worry
[08:41:31] that I get something wrong...
[08:41:44] but I also worry like crazy that CNv4 will blow up, where you guys seem to be relaxed
[08:42:06] I didn't want to bring up anything RandomX because CNv4 is such a nailbiter... :)
[08:42:15] how do you guys know you don't have asics in a week or two?
[08:42:38] we don't have experience with ASIC design, but RandomX is simply designed to exactly fit CPU capabilities, which is the best you can do anyways
[08:43:09] similar as ProgPoW did with GPUs
[08:43:14] some people say they want to do asic-resistance only until the vast majority of coins has been issued
[08:43:21] that's at least reasonable
[08:43:43] yeah but progpow totally will not work as advertised :)
[08:44:08] yeah, I've seen that comment about progpow a few times already
[08:44:11] which is no surprise if you know it's just a random sales story to sell a few more GPUs
[08:44:13] RandomX is not permanent, we are expecting to switch to ASIC friendly in a few years if possible
[08:44:18] yes
[08:44:21] that makes sense
[08:44:40] linzhi-sonia: how so? will it break or will it be asic-able with decent performance gains?
[08:44:41] are you happy with CNv4 so far?
[08:45:10] ah, long story. progpow is a masterpiece of deception, let's not get into it here.
[08:45:21] if you know chip marketing it makes more sense
[08:45:24] linzhi-sonia: So far? lol! a bit early to tell, don't you think?
[08:45:35] the diff is coming down
[08:45:41] first few hours looked scary
[08:45:43] I remain skeptical: I only see ASICs being reasonable if they are already as ubiquitous as smartphones
[08:45:46] yes, so far so good
[08:46:01] we kbew the diff would not come down ubtil affter block 75
[08:46:10] yes
[08:46:22] but first few hours it looks like only 5% hashrate left
[08:46:27] looked
[08:46:29] now it's better
[08:46:51] the next worry is: when will "unexplainable" hashrate come back?
[08:47:00] you hope 2-3 months? more?
[08:47:05] so give it another couple of days. will probably overshoot to the downside, and then rise a bit as miners get updated and return
[08:47:22] 3 months minimum turnaround, yes
[08:47:28] nah
[08:47:36] don't underestimate asicmakers :)
[08:47:54] you guys don't get #1 priority on chip fabs
[08:47:56] 3 months = 90 days. do you know what is happening in those 90 days exactly? I'm pretty sure you don't. same thing as before.
[08:48:13] we don't do any secret chips btw
[08:48:21] 3 months assumes they had a complete design ready to go, and added the last minute change in 1 day
[08:48:24] do you know who is behind the hashrate that is now bricked?
[08:48:27] innosilicon?
[08:48:34] hyc: no no, and no. :)
[08:48:44] hyc: have you designed or taped out a chip before?
[08:48:51] yes, many years ago
[08:49:10] then you should know that 90 days is not a fixed number
[08:49:35] sure, but like I said, other makers have greater demand
[08:49:35] especially not if you can prepare, if you just have to modify something, or you have more programmability in the chip than some people assume
[08:50:07] we are chipmakers, we would never dare to do what you guys are doing with CNv4 :) but maybe that just means you are cooler!
[08:50:07] and yes, programmability makes some aspect of turnaround easier
[08:50:10] all fine
[08:50:10] I hope it works!
[08:50:28] do you know who is behind the hashrate that is now bricked?
[08:50:29] inno?
[08:50:41] we suspect so, but have no evidence
[08:50:44] maybe we can try to find them, but we cannot spend too much time on this
[08:50:53] it's probably not so much of a secret
[08:51:01] why should it be, right?
[08:51:10] devs want this cat-and-mouse game? devs get it...
[08:51:35] there was one leak saying it's innosilicon
[08:51:36] so you think 3 months, ok
[08:51:43] inno is cool
[08:51:46] good team
[08:51:49] IP design house
[08:51:54] in Wuhan
[08:52:06] they send their people to conferences with fake biz cards :)
[08:52:19] pretending to be other companies?
[08:52:26] sure
[08:52:28] ha ha
[08:52:39] so when we see them, we look at whatever card they carry and laugh :)
[08:52:52] they are perfectly suited for secret mining games
[08:52:59] they made at most $6 million in 2 months of mining, so I wonder if it was worth it
[08:53:10] yeah. no way to know
[08:53:15] but it's good that you calculate!
[08:53:24] this is all about cost/benefit
[08:53:25] then you also understand - imagine the value of XMR goes up 5x, 10x
[08:53:34] that whole "asic resistance" thing will come down like a house of cards
[08:53:41] I would imagine they sell immediately
[08:53:53] the investor may fully understand the risk
[08:53:57] the buyer
[08:54:13] it's not healthy, but that's another discussion
[08:54:23] so mid-June
[08:54:27] let's see
[08:54:49] I would be susprised if CNv4 ASICs show up at all
[08:54:56] surprised*
[08:54:56] why?
[08:55:05] is only an economic question
[08:55:12] yeah should be interesting. FPGAs will be near their limits as well
[08:55:16] unless XMR goes up a lot
[08:55:19] no, not *only*. it's also a technology question
[08:55:44] you believe CNv4 is "asic resistant"? which feature?
[08:55:53] it's not
[08:55:59] cnv4 = Rabdomx ?
[08:56:03] no
[08:56:07] cnv4=cryptinight/r
[08:56:11] ah
[08:56:18] CNv4 is the one we have now, I think
[08:56:21] since yesterday
[08:56:30] it's plenty enough resistant for current XMR price
[08:56:45] that may be, yes!
[08:56:55] I look at daily payouts. XMR = ca. 100k USD / day
[08:57:03] it can hold until October, but it's not asic resistant
[08:57:23] well, last 24h only 22,442 USD :)
[08:57:32] I think 80 h/s per watt ASICs are possible for CNv4
[08:57:38] linzhi-sonia where do you produce your chips? TSMC?
[08:57:44] I'm cruious how you would expect to build a randomX ASIC that outperforms ARM cores for efficiency, or Intel cores for raw speed
[08:57:48] curious
[08:58:01] yes, tsmc
[08:58:21] Our team did the world's first bitcoin asic, Avalon
[08:58:25] and upcoming 2nd gen Ryzens (64-core EPYC) will be a blast at RandomX
[08:58:28] designed and manufactured
[08:58:53] still being marketed?
[08:59:03] linzhi-sonia: do you understand what xmr wants to achieve, community-wise?
[08:59:14] Avalon? as part of Canaan Creative, yes I think so.
[08:59:25] there's not much interesting oing on in SHA256
[08:59:29] Inge-: I would think so, but please speak
[08:59:32] hyc: yes
[09:00:28] linzhi-sonia: i am curious to hear your thoughts. I am fairly new to this space myself...
[09:00:51] oh
[09:00:56] we are grandpas, and grandmas
[09:01:36] yet I have no problem understanding why ASICS are currently reviled.
[09:01:48] xmr's main differentiators to, let's say btc, are anonymity and fungibility
[09:01:58] I find the client terribly slow btw
[09:02:21] and I think the asic-forking since last may is wrong, doesn't create value and doesn't help with the project objectives
[09:02:25] which "the client" ?
[09:02:52] Monero GUI client maybe
[09:03:12] MacOS, yes
[09:03:28] What exactly is slow?
[09:03:30] linzhi-sonia: I run my own node, and use the CLI and Monerujo. Have not had issues.
[09:03:49] staying in sync
[09:03:49] linzhi-sonia: decentralization is also a key principle
[09:03:56] one that Bitcoin has failed to maintain
[09:04:39] hmm
[09:05:00] looks fairly decentralized to me. decentralization is the result of 3 goals imo: resilient, trustless, permissionless
[09:05:28] don't ask a hardware maker about physical decentralization. that's too ideological. we focus on logical decentralization.
[09:06:11] physical decentralization is important. with bulk of bitnoin mining centered on Chinese hydroelectric dams
[09:06:19] have you thought about including block data in the PoW?
[09:06:41] yes, of course.
[09:07:39] is that already in an algo?
[09:08:10] hyc: about "centered on chinese hydro" - what is your source? the best paper I know is this: https://coinshares.co.uk/wp-content/uploads/2018/11/Mining-Whitepaper-Final.pdf
[09:09:01] linzhi-sonia: do you mine on your ASICs before you sell them?
[09:09:13] besides testing of course
[09:09:45] that paper puts Chinese btc miners at 60% max
[09:10:05] tevador: I think everybody learned that that is not healthy long-term!
[09:10:16] because it gives the chipmaker a cost advantage over its own customers
[09:10:33] and cost advantage leads to centralization (physical and logical)
[09:10:51] you guys should know who finances progpow and why :)
[09:11:05] but let's not get into this, ha ha. want to keep the channel civilized. right OhGodAGirl ? :)
[09:11:34] tevador: so the answer is no! 100% and definitely no
[09:11:54] that "self-mining" disease was one of the problems we have now with asics, and their bad reputation (rightfully so)
[09:13:08] I plan to write a nice short 2-page paper or so on our chip design process. maybe it's interesting to some people here.
[09:13:15] basically the 5 steps I mentioned before, from math to physical
[09:13:32] linzhi-sonia: the paper you linked puts 48% of bitcoin mining in Sichuan. the total in China is much more than 60%
[09:13:38] need to run it by a few people to fix bugs, will post it here when published
[09:14:06] hyc: ok! I am just sharing the "best" document I know today. it definitely may be wrong and there may be a better one now.
[09:14:18] hyc: if you see some reports, please share
[09:14:51] hey I am really curious about this: where is a PoW algo that puts block data into the PoW?
[09:15:02] the previous paper I read is from here http://hackingdistributed.com/2018/01/15/decentralization-bitcoin-ethereum/
[09:15:38] hyc: you said that already exists? (block data in PoW)
[09:15:45] it would make verification harder
[09:15:49] linzhi-sonia: https://the-eye.eu/public/Books/campdivision.com/PDF/Computers%20General/Privacy/bitcoin/meh/hashimoto.pdf
[09:15:51] but for chips it would be interesting
[09:15:52] we discussed the possibility about a year ago https://www.reddit.com/Monero/comments/8bshrx/what_we_need_to_know_about_proof_of_work_pow/
[09:16:05] oh good links! thanks! need to read...
[09:16:06] I think that paper by dryja was original
[09:17:53] since we have a nice flow - second question I'm very curious about: has anyone thought about in-protocol rewards for other functions?
[09:18:55] we've discussed micropayments for wallets to use remote nodes
[09:18:55] you know there is a lot of work in other coins about STARK provers, zero-knowledge, etc. many of those things very compute intense, or need to be outsourced to a service (zether). For chipmakers, in-protocol rewards create an economic incentive to accelerate those things.
[09:19:50] whenever there is an in-protocol reward, you may get the power of ASICs doing something you actually want to happen
[09:19:52] it would be nice if there was some economic reward for running a fullnode, but no one has come up with much more than that afaik
[09:19:54] instead of fighting them off
[09:20:29] you need to use asics, not fight them. that's an obvious thing to say for an asicmaker...
[09:20:41] in-protocol rewards can be very powerful
[09:20:50] like I said before - unless the ASICs are so useful they're embedded in every smartphone, I dont see them being a positive for decentralization
[09:21:17] if they're a separate product, the average consumer is not going to buy them
[09:21:20] now I was talking about speedup of verifying, signing, proving, etc.
[09:21:23] they won't even know what they are
[09:22:07] if anybody wants to talk about or design in-protocol rewards, please come talk to us
[09:22:08] the average consumer also doesn't use general purpose hardware to secure blockchains either
[09:22:14] not just for PoW, in fact *NOT* for PoW
[09:22:32] it requires sw/hw co-design
[09:23:10] we are in long-term discussions/collaboration over this with Ethereum, Bitcoin Cash. just talk right now.
[09:23:16] this was recently published though suggesting more uptake though I guess https://btcmanager.com/college-students-are-the-second-biggest-miners-of-cryptocurrency/
[09:23:29] I find it pretty hard to believe their numbers
[09:24:03] well
[09:24:09] sorry, original article: https://www.pcmag.com/news/366952/college-kids-are-using-campus-electricity-to-mine-crypto
[09:24:11] just talk, no? rumors
[09:24:18] college students are already more educated than the average consumer
[09:24:29] we are not seeing many such customers anymore
[09:24:30] it's data from cisco monitoring network traffic
[09:24:33] and they're always looking for free money
[09:24:48] of course anyone with "free" electricity is inclined to do it
[09:24:57] but look at the rates, cannot make much money
[09:26:06] Ethereum is a bloated collection of bugs wrapped in a UI. I suppose they need all the help they can get
[09:26:29] Bitcoin Cash ... just another get rich quick scheme
[09:26:38] hmm :)
[09:26:51] I'll give it back to you, ok? ha ha. arrogance comes before the fall...
[09:27:17] maye we should have a little fun with CNv4 mining :)
[09:27:25] ;)
[09:27:38] come on. anyone who has watched their track record... $75M lost in ETH at DAO hack
[09:27:50] every smart contract that comes along is just waiting for another hack
[09:27:58] I just wanted to throw out the "in-protocol reward" thing, maybe someone sees the idea and wants to cowork. maybe not. maybe it's a stupid idea.
[09:29:18] linzhi-sonia: any thoughts on CN-GPU?
[09:29:55] CN-GPU has one positive aspect - it wastes chip area to implement all 18 hash algorithms
[09:30:19] you will always hear roughly the same feedback from me:
[09:30:52] "This algorithm very different, it heavy use floating point operations to hurt FPGAs and general purpose CPUs"
[09:30:56] the problem is, if it's profitable for people to buy ASIC miners and mine, it's always more profitable for the manufacturer to not sell and mine themselves
[09:31:02] "hurt"
[09:31:07] what is the point of this?
[09:31:15] it totally doesn't work
[09:31:24] you are hurting noone, just demonstrating lack of ability to think
[09:31:41] what is better: algo designed for chip, or chip designed for algo?
[09:31:43] fireice does it on daily basis, CN-GPU is a joke
[09:31:53] tevador: that's not really true, especially in a market with such large price fluctuations as cryptocurrency
[09:32:12] it's far less risky to sell miners than mine with them and pray that price doesn't crash for next six months
[09:32:14] I think it's great that crypto has a nice group of asicmakers now, hw & sw will cowork well
[09:32:36] jwinterm yes, that's why they premine them and sell after
[09:32:41] PoW is about being thermodynamically and cryptographically provable
[09:32:45] premining with them is taking on that risk
[09:32:49] not "fork when we think there are asics"
[09:32:51] business is about risk minimization
[09:32:54] that's just fear-driven
[09:33:05] Inge-: that's roughly the feedback
[09:33:24] I'm not saying it hasn't happened, but I think it's not so simple as saying "it always happens"
[09:34:00] jwinterm: it has certainly happened on BTC. and also on XMR.
[09:34:19] ironically, please think about it: these kinds of algos indeed prove the limits of the chips they were designed for. but they don't prove that you cannot implement the same algo differently! cannot!
[09:34:26] Risk minimization is not starting a business at all.
[09:34:34] proof-of-gpu-limit. proof-of-cpu-limit.
[09:34:37] imagine you have a money printing machine, would you sell it?
[09:34:39] proves nothing for an ASIC :)
[09:35:05] linzhi-sonia: thanks. I dont think anyone believes you can't make a more efficient cn-gpu asic than a gpu - but that it would not be orders of magnitude faster...
[09:35:24] ok
[09:35:44] like I say. these algos are, that's really ironic, designed to prove the limitatios of a particular chip in mind of the designer
[09:35:50] exactly the wrong way round :)
[09:36:16] like the cache size in RandomX :)
[09:36:18] beautiful
[09:36:29] someone looked at GPU designs
[09:37:31] linzhi-sonia can you elaborate? Cache size in RandomX was selected to fit CPU cache
[09:37:52] yes
[09:38:03] too large for GPU
[09:38:11] as I said, we are designing the algorithm to exactly fit CPU capabilities, I do not claim an ASIC cannot be more efficient
[09:38:16] ok!
[09:38:29] when will you do the audit?
[09:38:35] will the results be published in a document or so?
[09:38:37] I claim that single-chip ASIC is not viable, though
[09:39:06] you guys are brave, noone disputes that. 3 anti-asic hardforks now!
[09:39:18] 4th one coming
[09:39:31] 3 forks were done not only for this
[09:39:38] they had scheduled updates in the first place
[09:48:10] Monero is the #1 anti-asic fighter
[09:48:25] Monero is #1 for a lot of reasons ;)
[09:48:40] It's the coin with the most hycs.
[09:48:55] mooooo
[09:59:06] sneaky integer overflow, bug squished
[10:38:00] p0nziph0ne ([email protected]/vpn/privateinternetaccess/p0nziph0ne) has joined #monero-pow
[11:10:53] The convo here is wild
[11:12:29] it's like geo-politics at the intersection of software and hardware manufacturing for thermoeconomic value.
[11:13:05] ..and on a Sunday.
[11:15:43] midipoet: hw and sw should work together and stop silly games to devalue each other. to outsiders this is totally not attractive.
[11:16:07] I appreciate the positive energy here to try to listen, learn, understand.
[11:16:10] that's a start
[11:16:48] <-- p0nziph0ne ([email protected]/vpn/privateinternetaccess/p0nziph0ne) has quit (Quit: Leaving)
[11:16:54] we won't do silly mining against xmr "community" wishes, but not because we couldn'd do it, but because it's the wrong direction in the long run, for both sides
[11:18:57] linzhi-sonia: I agree to some extent. Though, in reality, there will always be divergence between social worlds. Not every body has the same vision of the future. Reaching societal consensus on reality tomorrow is not always easy
[11:20:25] absolutely. especially at a time when there is so much profit to be made from divisiveness.
[11:20:37] someone will want to make that profit, for sure
[11:24:32] Yes. Money distorts.
[11:24:47] Or wealth...one of the two
[11:26:35] Too much physical money will distort rays of light passing close to it indeed.
submitted by jwinterm to Monero [link] [comments]

r/Bitcoin recap - September 2019

Hi Bitcoiners!
I’m back with the 33rd monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in September 2019
Adoption
Development
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

r/Bitcoin recap - February 2019

Hi Bitcoiners!
I’m back with the 26th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
A recap of Bitcoin in February 2019
Adoption * bitcoin can now be used to fund your public transport card in 37 cities in Argentina (7 Feb) * There are as many transactions today as in January 2018 but with all time low fees (7 Feb) * Bitcoin’s Lightning Network currently has 6000 nodes and $2.4M in capacity (9 Feb) * A service that lets you buy Domino’s Pizza via the Lightning Network in the US (13 Feb) * Bitcoin’s average block size is now 1.3MB (14 Feb) * An Argentinian company settles export deal with a client in Paraguay using bitcoin (15 Feb) * The Lightning Network reaches 700 btc in capacity (16 Feb) * A butchery in Kenya accepting bitcoin (17 Feb) * The ₿ symbol is now a listed currency when you long press the $ sign on a mobile keyboard (19 Feb) * A Lightning developer’s node is routing more than $10k per month for a 0.25% fee (19 Feb) * Jack Dorsey, CEO of Twitter and Square, promotes bitcoin tipping on Twitter (20 Feb) * bitcoin transactions near an all-time high of 3.87 transactions per second (21 Feb) * Finanzen.net, a german finance site, starts lising the EUBTC exchange rate (21 Feb) * 20% of Localbitcoins 4.8M visits come from Venezuela (26 Feb) * $52M of bitcoin bought on Cash app in Q4 2018 (27 Feb)
Development * The Casa node has been open-sourced (1 Feb) * A specification for trustless non-pegged sidechains (4 Feb) * Blockstream creates a new Multisignature standard (18 Feb) * BTCPay Server now has payment requests (26 Feb)
Security * A discussion on traditional mixers vs Wasabi wallet (2 Feb) * Another Electrum wallet phishing attempt (4 Feb) * Someone gets scammed for $50 worth in bitcoin by a QR code switch (19 Feb) * Coinomi wallet sends your plain text seed phrase to Google’s remote spellchecker API (27 Feb)
Business * Kraken exchange CEO on the QuadrigaCX coins (3 Feb) * People discuss the bitcoins held by bankrupt QuadrigaCX (4 Feb) * TD Ameritrade is advertising how to invest in Bitcoin on YouTube (10 Feb) * Lightning integration will eventually come to Square’s Cash app according to its CEO (11 Feb) * Samsung’s Galaxy S10 will have secure storage for private keys built in (20 Feb) * A 21-year old couple is working on a hardware wallet (23 Feb)
Research * Bitcoin’s wealth distribution across addresses increased over the past 2 years (13 Feb)
Education * Bitcoin’s prehistory (2 Feb) * People discuss the best real-time bitcoin news feeds (8 Feb) * Someone discusses their small bitcoin mining operation (9 Feb) * A new report on financial privacy from Coin Center (11 Feb) * Andreas Antonopoulos on splicing (25 Feb)
Regulation & Politics * The SEC thinks some cryptocurrency will match their ETF requirements eventually (7 Feb) * Government-mandated asset seizure will be limited in the U.S. (23 Feb)
Archeology (Financial Incumbents) * The British pound is the oldest fiat currency at 317 years and now worth 0.5% of its original value (4 Feb) * JPMorgan Chase incorrectly analyses that bitcoin miners operate at a 16% loss (12 Feb) * JPMorgan Chase launches its own centralized JPM stablecoin (14 Feb) * The IMF comes up with a plan to devalue cash and introduce negative intrest rates (17 Feb) * Venmo’s KYC when someone paid back a sandwich is a great reminder why we need bitcoin (20 Feb)
Price & Trading * Bitcoin passes $4k for the first time in a while (19 Feb)
Fun & Other * A discussion on former Bitcoin developer Mike Hearn (1 Feb) * Twitter CEO Jack Dorsey says he thinks the currency of the Internet will be bitcoin (2 Feb) * Twitter and Square CEO Jack Dorsey passes on the Lightning Torch (5 Feb) * Some instructions on how to send letters using a computer if you think sending bitcoin is difficult (6 Feb) * Why Bitcoin should succeed (7 Feb) * Other technologies that died just like Bitcoin (8 Feb) * Elon Musks compliments cryptocurrency for value transfers (20 Feb) * Elon Musk says whoever owns the early btc deserves a Nobel prize in delayed gratification (21 Feb) * A Lightning-powered chicken feeder (22 Feb) * A Malaysian bookstore with Bitcoin and Blockchain books on top of the finance section (28 Feb)
submitted by SamWouters to Bitcoin [link] [comments]

CRYPTOCURRENCY BITCOIN

CRYPTOCURRENCY BITCOIN
Bitcoin Table of contents expand: 1. What is Bitcoin? 2. Understanding Bitcoin 3. How Bitcoin Works 4. What's a Bitcoin Worth? 5. How Bitcoin Began 6. Who Invented Bitcoin? 7. Before Satoshi 8. Why Is Satoshi Anonymous? 9. The Suspects 10. Can Satoshi's Identity Be Proven? 11. Receiving Bitcoins As Payment 12. Working For Bitcoins 13. Bitcoin From Interest Payments 14. Bitcoins From Gambling 15. Investing in Bitcoins 16. Risks of Bitcoin Investing 17. Bitcoin Regulatory Risk 18. Security Risk of Bitcoins 19. Insurance Risk 20. Risk of Bitcoin Fraud 21. Market Risk 22. Bitcoin's Tax Risk What is Bitcoin?
Bitcoin is a digital currency created in January 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity is yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.
There are no physical bitcoins, only balances kept on a public ledger in the cloud, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of other virtual currencies collectively referred to as Altcoins.
Understanding Bitcoin Bitcoin is a type of cryptocurrency: Balances are kept using public and private "keys," which are long strings of numbers and letters linked through the mathematical encryption algorithm that was used to create them. The public key (comparable to a bank account number) serves as the address which is published to the world and to which others may send bitcoins. The private key (comparable to an ATM PIN) is meant to be a guarded secret and only used to authorize Bitcoin transmissions. Style notes: According to the official Bitcoin Foundation, the word "Bitcoin" is capitalized in the context of referring to the entity or concept, whereas "bitcoin" is written in the lower case when referring to a quantity of the currency (e.g. "I traded 20 bitcoin") or the units themselves. The plural form can be either "bitcoin" or "bitcoins."
How Bitcoin Works Bitcoin is one of the first digital currencies to use peer-to-peer technology to facilitate instant payments. The independent individuals and companies who own the governing computing power and participate in the Bitcoin network, also known as "miners," are motivated by rewards (the release of new bitcoin) and transaction fees paid in bitcoin. These miners can be thought of as the decentralized authority enforcing the credibility of the Bitcoin network. New bitcoin is being released to the miners at a fixed, but periodically declining rate, such that the total supply of bitcoins approaches 21 million. One bitcoin is divisible to eight decimal places (100 millionths of one bitcoin), and this smallest unit is referred to as a Satoshi. If necessary, and if the participating miners accept the change, Bitcoin could eventually be made divisible to even more decimal places. Bitcoin mining is the process through which bitcoins are released to come into circulation. Basically, it involves solving a computationally difficult puzzle to discover a new block, which is added to the blockchain and receiving a reward in the form of a few bitcoins. The block reward was 50 new bitcoins in 2009; it decreases every four years. As more and more bitcoins are created, the difficulty of the mining process – that is, the amount of computing power involved – increases. The mining difficulty began at 1.0 with Bitcoin's debut back in 2009; at the end of the year, it was only 1.18. As of February 2019, the mining difficulty is over 6.06 billion. Once, an ordinary desktop computer sufficed for the mining process; now, to combat the difficulty level, miners must use faster hardware like Application-Specific Integrated Circuits (ASIC), more advanced processing units like Graphic Processing Units (GPUs), etc.
What's a Bitcoin Worth? In 2017 alone, the price of Bitcoin rose from a little under $1,000 at the beginning of the year to close to $19,000, ending the year more than 1,400% higher. Bitcoin's price is also quite dependent on the size of its mining network since the larger the network is, the more difficult – and thus more costly – it is to produce new bitcoins. As a result, the price of bitcoin has to increase as its cost of production also rises. The Bitcoin mining network's aggregate power has more than tripled over the past twelve months.
How Bitcoin Began
Aug. 18, 2008: The domain name bitcoin.org is registered. Today, at least, this domain is "WhoisGuard Protected," meaning the identity of the person who registered it is not public information.
Oct. 31, 2008: Someone using the name Satoshi Nakamoto makes an announcement on The Cryptography Mailing list at metzdowd.com: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. The paper is available at http://www.bitcoin.org/bitcoin.pdf." This link leads to the now-famous white paper published on bitcoin.org entitled "Bitcoin: A Peer-to-Peer Electronic Cash System." This paper would become the Magna Carta for how Bitcoin operates today.
Jan. 3, 2009: The first Bitcoin block is mined, Block 0. This is also known as the "genesis block" and contains the text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks," perhaps as proof that the block was mined on or after that date, and perhaps also as relevant political commentary.
Jan. 8, 2009: The first version of the Bitcoin software is announced on The Cryptography Mailing list.
Jan. 9, 2009: Block 1 is mined, and Bitcoin mining commences in earnest.
Who Invented Bitcoin?
No one knows. Not conclusively, at any rate. Satoshi Nakamoto is the name associated with the person or group of people who released the original Bitcoin white paper in 2008 and worked on the original Bitcoin software that was released in 2009. The Bitcoin protocol requires users to enter a birthday upon signup, and we know that an individual named Satoshi Nakamoto registered and put down April 5 as a birth date. And that's about it.
Before Satoshi
Though it is tempting to believe the media's spin that Satoshi Nakamoto is a solitary, quixotic genius who created Bitcoin out of thin air, such innovations do not happen in a vacuum. All major scientific discoveries, no matter how original-seeming, were built on previously existing research. There are precursors to Bitcoin: Adam Back’s Hashcash, invented in 1997, and subsequently Wei Dai’s b-money, Nick Szabo’s bit gold and Hal Finney’s Reusable Proof of Work. The Bitcoin white paper itself cites Hashcash and b-money, as well as various other works spanning several research fields.
Why Is Satoshi Anonymous?
There are two primary motivations for keeping Bitcoin's inventor keeping his or her or their identity secret. One is privacy. As Bitcoin has gained in popularity – becoming something of a worldwide phenomenon – Satoshi Nakamoto would likely garner a lot of attention from the media and from governments.
The other reason is safety. Looking at 2009 alone, 32,489 blocks were mined; at the then-reward rate of 50 BTC per block, the total payout in 2009 was 1,624,500 BTC, which at today’s prices is over $900 million. One may conclude that only Satoshi and perhaps a few other people were mining through 2009 and that they possess a majority of that $900 million worth of BTC. Someone in possession of that much BTC could become a target of criminals, especially since bitcoins are less like stocks and more like cash, where the private keys needed to authorize spending could be printed out and literally kept under a mattress. While it's likely the inventor of Bitcoin would take precautions to make any extortion-induced transfers traceable, remaining anonymous is a good way for Satoshi to limit exposure.
The Suspects
Numerous people have been suggested as possible Satoshi Nakamoto by major media outlets. Oct. 10, 2011, The New Yorker published an article speculating that Nakamoto might be Irish cryptography student Michael Clear or economic sociologist Vili Lehdonvirta. A day later, Fast Company suggested that Nakamoto could be a group of three people – Neal King, Vladimir Oksman and Charles Bry – who together appear on a patent related to secure communications that were filed two months before bitcoin.org was registered. A Vice article published in May 2013 added more suspects to the list, including Gavin Andresen, the Bitcoin project’s lead developer; Jed McCaleb, co-founder of now-defunct Bitcoin exchange Mt. Gox; and famed Japanese mathematician Shinichi Mochizuki.
In December 2013, Techcrunch published an interview with researcher Skye Grey who claimed textual analysis of published writings shows a link between Satoshi and bit-gold creator Nick Szabo. And perhaps most famously, in March 2014, Newsweek ran a cover article claiming that Satoshi is actually an individual named Satoshi Nakamoto – a 64-year-old Japanese-American engineer living in California. The list of suspects is long, and all the individuals deny being Satoshi.
Can Satoshi's Identity Be Proven?
It would seem even early collaborators on the project don’t have verifiable proof of Satoshi’s identity. To reveal conclusively who Satoshi Nakamoto is, a definitive link would need to be made between his/her activity with Bitcoin and his/her identity. That could come in the form of linking the party behind the domain registration of bitcoin.org, email and forum accounts used by Satoshi Nakamoto, or ownership of some portion of the earliest mined bitcoins. Even though the bitcoins Satoshi likely possesses are traceable on the blockchain, it seems he/she has yet to cash them out in a way that reveals his/her identity. If Satoshi were to move his/her bitcoins to an exchange today, this might attract attention, but it seems unlikely that a well-funded and successful exchange would betray a customer's privacy.
Receiving Bitcoins As Payment
Bitcoins can be accepted as a means of payment for products sold or services provided. If you have a brick and mortar store, just display a sign saying “Bitcoin Accepted Here” and many of your customers may well take you up on it; the transactions can be handled with the requisite hardware terminal or wallet address through QR codes and touch screen apps. An online business can easily accept bitcoins by just adding this payment option to the others it offers, like credit cards, PayPal, etc. Online payments will require a Bitcoin merchant tool (an external processor like Coinbase or BitPay).
Working For Bitcoins
Those who are self-employed can get paid for a job in bitcoins. There are several websites/job boards which are dedicated to the digital currency:
Work For Bitcoin brings together work seekers and prospective employers through its websiteCoinality features jobs – freelance, part-time and full-time – that offer payment in bitcoins, as well as Dogecoin and LitecoinJobs4Bitcoins, part of reddit.comBitGigs
Bitcoin From Interest Payments
Another interesting way (literally) to earn bitcoins is by lending them out and being repaid in the currency. Lending can take three forms – direct lending to someone you know; through a website which facilitates peer-to-peer transactions, pairing borrowers and lenders; or depositing bitcoins in a virtual bank that offers a certain interest rate for Bitcoin accounts. Some such sites are Bitbond, BitLendingClub, and BTCjam. Obviously, you should do due diligence on any third-party site.
Bitcoins From Gambling
It’s possible to play at casinos that cater to Bitcoin aficionados, with options like online lotteries, jackpots, spread betting, and other games. Of course, the pros and cons and risks that apply to any sort of gambling and betting endeavors are in force here too.
Investing in Bitcoins
There are many Bitcoin supporters who believe that digital currency is the future. Those who endorse it are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe. Although it is not itself any backed by any government or central bank, bitcoin can be exchanged for traditional currencies; in fact, its exchange rate against the dollar attracts potential investors and traders interested in currency plays. Indeed, one of the primary reasons for the growth of digital currencies like Bitcoin is that they can act as an alternative to national fiat money and traditional commodities like gold.
In March 2014, the IRS stated that all virtual currencies, including bitcoins, would be taxed as property rather than currency. Gains or losses from bitcoins held as capital will be realized as capital gains or losses, while bitcoins held as inventory will incur ordinary gains or losses.
Like any other asset, the principle of buying low and selling high applies to bitcoins. The most popular way of amassing the currency is through buying on a Bitcoin exchange, but there are many other ways to earn and own bitcoins. Here are a few options which Bitcoin enthusiasts can explore.
Risks of Bitcoin Investing
Though Bitcoin was not designed as a normal equity investment (no shares have been issued), some speculative investors were drawn to the digital money after it appreciated rapidly in May 2011 and again in November 2013. Thus, many people purchase bitcoin for its investment value rather than as a medium of exchange.
However, their lack of guaranteed value and digital nature means the purchase and use of bitcoins carries several inherent risks. Many investor alerts have been issued by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Consumer Financial Protection Bureau (CFPB), and other agencies.
The concept of a virtual currency is still novel and, compared to traditional investments, Bitcoin doesn't have much of a long-term track record or history of credibility to back it. With their increasing use, bitcoins are becoming less experimental every day, of course; still, after eight years, they (like all digital currencies) remain in a development phase, still evolving. "It is pretty much the highest-risk, highest-return investment that you can possibly make,” says Barry Silbert, CEO of Digital Currency Group, which builds and invests in Bitcoin and blockchain companies.
Bitcoin Regulatory Risk
Investing money into Bitcoin in any of its many guises is not for the risk-averse. Bitcoins are a rival to government currency and may be used for black market transactions, money laundering, illegal activities or tax evasion. As a result, governments may seek to regulate, restrict or ban the use and sale of bitcoins, and some already have. Others are coming up with various rules. For example, in 2015, the New York State Department of Financial Services finalized regulations that would require companies dealing with the buy, sell, transfer or storage of bitcoins to record the identity of customers, have a compliance officer and maintain capital reserves. The transactions worth $10,000 or more will have to be recorded and reported.
Although more agencies will follow suit, issuing rules and guidelines, the lack of uniform regulations about bitcoins (and other virtual currency) raises questions over their longevity, liquidity, and universality.
Security Risk of Bitcoins
Bitcoin exchanges are entirely digital and, as with any virtual system, are at risk from hackers, malware and operational glitches. If a thief gains access to a Bitcoin owner's computer hard drive and steals his private encryption key, he could transfer the stolen Bitcoins to another account. (Users can prevent this only if bitcoins are stored on a computer which is not connected to the internet, or else by choosing to use a paper wallet – printing out the Bitcoin private keys and addresses, and not keeping them on a computer at all.) Hackers can also target Bitcoin exchanges, gaining access to thousands of accounts and digital wallets where bitcoins are stored. One especially notorious hacking incident took place in 2014, when Mt. Gox, a Bitcoin exchange in Japan, was forced to close down after millions of dollars worth of bitcoins were stolen.
This is particularly problematic once you remember that all Bitcoin transactions are permanent and irreversible. It's like dealing with cash: Any transaction carried out with bitcoins can only be reversed if the person who has received them refunds them. There is no third party or a payment processor, as in the case of a debit or credit card – hence, no source of protection or appeal if there is a problem.
Insurance Risk
Some investments are insured through the Securities Investor Protection Corporation. Normal bank accounts are insured through the Federal Deposit Insurance Corporation (FDIC) up to a certain amount depending on the jurisdiction. Bitcoin exchanges and Bitcoin accounts are not insured by any type of federal or government program.
Risk of Bitcoin Fraud
While Bitcoin uses private key encryption to verify owners and register transactions, fraudsters and scammers may attempt to sell false bitcoins. For instance, in July 2013, the SEC brought legal action against an operator of a Bitcoin-related Ponzi scheme.
Market Risk
Like with any investment, Bitcoin values can fluctuate. Indeed, the value of the currency has seen wild swings in price over its short existence. Subject to high volume buying and selling on exchanges, it has a high sensitivity to “news." According to the CFPB, the price of bitcoins fell by 61% in a single day in 2013, while the one-day price drop in 2014 has been as big as 80%.
If fewer people begin to accept Bitcoin as a currency, these digital units may lose value and could become worthless. There is already plenty of competition, and though Bitcoin has a huge lead over the other 100-odd digital currencies that have sprung up, thanks to its brand recognition and venture capital money, a technological break-through in the form of a better virtual coin is always a threat.
Bitcoin's Tax Risk
As bitcoin is ineligible to be included in any tax-advantaged retirement accounts, there are no good, legal options to shield investments from taxation.
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