Category: #Degigi

Bitcoin WhitePaper Day

Bitcoin – A Peer-to-Peer
Electronic Cash System

It’s bitcoin White Paper Day.

The mailing list was hosted by Metzdow and run by a group of cypherpunks who shared ideas on creating a kind of digital currency and payment system. Satoshi shared the whitepaper in a message that read, “Bitcoin P2P e-cash paper,” which outlined the main properties of the system.

“Bitcoin P2P e-cash paper
Satoshi Nakamoto satoshi at vistomail.com
Fri Oct 31 14:10:00 EDT 2008
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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

The main properties:
Double-spending is prevented with a peer-to-peer network.
No mint or other trusted parties.
Participants can be anonymous.
New coins are made from Hashcash style proof-of-work.
The proof-of-work for new coin generation also powers the
network to prevent double-spending.

Bitcoin: A Peer-to-Peer Electronic Cash System

Abstract. A purely peer-to-peer version of electronic cash would
allow online payments to be sent directly from one party to another
without the burdens of going through a financial institution.
Digital signatures provide part of the solution, but the main
benefits are lost if a trusted party is still required to prevent
double-spending. We propose a solution to the double-spending
problem using a peer-to-peer network. The network timestamps
transactions by hashing them into an ongoing chain of hash-based
proof-of-work, forming a record that cannot be changed without
redoing the proof-of-work. The longest chain not only serves as
proof of the sequence of events witnessed, but proof that it came
from the largest pool of CPU power. As long as honest nodes control
the most CPU power on the network, they can generate the longest
chain and outpace any attackers. The network itself requires
minimal structure. Messages are broadcasted on a best effort basis,
and nodes can leave and rejoin the network at will, accepting the
longest proof-of-work chain as proof of what happened while they
were gone.

Full paper at:
http://www.bitcoin.org/bitcoin.pdf

Satoshi Nakamoto

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The Cryptography Mailing List
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Source:
https://www.metzdowd.com/pipermail/cryptography/2008-October/014810.html

The pseudonymous Bitcoin creator disclosed that they had been working on a new electronic cash system that uses a Proof-of-Work (PoW) consensus algorithm that required no trusted third party. Although the document met mixed reactions, it was the beginning of what is known today as blockchain technology.

A couple of months after the release, the Bitcoin network was launched, with the first block mined on January 3, 2009. About eight days later, Hal Finney received the first transaction of 10 BTC from Nakamoto, after which he posted a legendary tweet that read:

In the 14 years since that day, bitcoin’s value rose from zero to a peak of $68,990 last November and was hovering above $20,000 on Monday, according to CoinDesk data. The cryptocurrency currently has a market capitalization of over $390 billion. It also inspired the creation of more than 20,000 different cryptocurrencies currently in circulation, while bitcoin remains the largest by market cap.

Over the years, several people have been rumored to be Nakamoto, including early bitcoin contributor Hal Finney, cryptographer Nick Szabo, physicist Dorian Nakamoto and even Tesla’s chief executive Elon Musk, who all denied the claims.

Satoshi’s identity is still a mystery, but Finney was well-known for his contribution to the creation of Bitcoin. He worked hand-in-hand with Nakamoto to find and fix bugs in Bitcoin’s underlying infrastructure. Before his death in 2014, Finney shared a detailed story about his journey with Bitcoin

About a year after the launch of Bitcoin, the cryptocurrency went on to record its first real-world commercial use case when a Florida man spent 10,000 BTC to purchase two large Papa John’s pizzas on May 22, 2010.

Although the coins were worth $41 at prices back then, at today’s price, the transaction is worth more than $200 million. To commemorate the event, the Bitcoin community celebrates Bitcoin Pizza Day every year on May 22.

Bitcoin / bitcoin / blockchain

Books I  💚 ly Recomend

“So many books, so little time.”

Frank Zappa

“Good friends, good books, and a sleepy conscience: this is the ideal life.”

Mark Twain

“A book lying idle on a shelf is wasted ammunition.”

Henry Miller, “The Books in My Life“
My Preciousssssssssss 😊🤗💚

Books I  💚ly reccomend

"The Compound effect" - Darren Hardy

"Algorithms to live by" - Brian Christian & Tom Griffiths

"Ikigai" - Hector Garcia & Francesc Mirales

"Thinking, Fast and Slow" - Daniel Kahneman

"Emotional Intelligence" - Daniel Goleman

"The magic of thinking Big" - David Schwartz,PHD

"Sapiens" - Yuval Noah Harrari

"Noise" - Daniel Kahneman & Oliver Sibony & Cass R. Sunsteen

"The tipping point" - Malcom Gladwell

“Blink” – Malcom Gladwell

“David & Goliath” – Malcom Gladwell
 
"The New Human Rights Movement" - Peter Joseph 
(Zeitgeist - watch it 😉 )
 
"Zero to one" - Peter Thiel

"The intelligent Investor" - Benjamin Graham

"How to make friend and be successful" - Dale Carnegie

"Law of Success" - Napoleon Hill

“Think and Grow Rich” – Napoleon Hill

"Positive Thinking" - Napoleon Hill

"The Business Ideea Factory" - Andrii Sedniev

"Common Stocks & Uncommon Profits" - Philip A. Fisher

"The little book of common sense investing" - John C. Boogle

"Freakonomics" - Steven D. Levitt & Stephen J. Dubner

"Influnce" - Robert B. Cialdini,PHD
 
“The Psycology of Money” – Morgan Housel

“The Art of Strategy” – R. L. Wing
 
“Warren Buffet and the Interpretation of Financial Statements” – Mary Buffet & David Clark

“30+ Years of Lessons Learned from Warren Buffet & Charlie Munger” – Daniel Pecaut with Corey Wrenn
 
“CryptoTrading Pro” – Alan T. Norman

“Mastering Bitcoin” – Andreas M. Antonopoulos 

“Mastering Ethereumn” – Andreas M. Antonopoulos

“The Internet of Money” – Andreas M. Antonopoulos

“The Bitcoin Standard” – Saifedean Ammous

“21 Lessons” - Gigi

"Book of Satoshi" - Phil Champagne

"Inventing Bitcoin" - Yan Pritzker, Nicholas Evans

"Digital Gold:The Untold Story of Bitcoin" - Nathaniel Popper

"Grokking Bitcoin" - Kalle Rosenbaum, David A. Harding

"Alghorithms Illuminated" - Tim Roughgarden

"Consumer Psichology and Consumer Behaviour" - Max Mittelstaedt

"Deep Work" - Cal Newport

“Biology of Belief” – Bruce Lipton
 
“The HoneyMoon Effect” – Bruce Lipton

“Ego is the Enemy” – Ryan Holiday

“A history of almost Everything” – Bill Bryson

“Psychology of Money” – Morgan Housel

"Rich Dad, Poor Dad" - Robert T. Kiyosaky

"CashFlow Quadrand" - Robert T. Kiyosaky

"Guide To Investing" - Robert T. Kiyosaky

“Atlas of AI” – Kate Crawford

“Use both sides of your brain” – Tony Buzan

“Mind Maps for kids” – Tony Buzan

“Study Skills” – Tony Buzan

"Mind Map Mastery" - Tony Buzan

“Atomic Habits” – James Clear

“The First and last Freedom” – J Krishnamurti

"The Emperor of all maladies" - Siddhartha Mukherjee

"A brief History of everyone who ever lived" - Siddhartha Mukherjee

"The Gene" - Siddhartha Mukherjee

“Business Adventures” – John Brooks
 
“Code Breaker” – Walter Isaacson

“A thousand Brains” – Jeff Hawkins
 
“Social Engineering” – Christopher Hadnagy

“The Innovators Dilemma” – Clayton M. Christensen

“Critical Path” – R. Buckminster Fuller, Kiyoshi Kuromiya
 
“Price of Tomorrow” – Jeff Booth
 
“Pedagogy of the Oppressed” – Paulo Freire
 
“The Sovereign Individual” – James Dale Davinson,William Rees-Mogg
 
“The Broken CEO” – Chris Pearse
 
“Pragmatic thinking and Learning” – Andy Hunt

“The Creature from Jekill Island” – G. Edward Griffin

“The Wealth of Nations” – Adam Smith

“The Law” – Frederic Bastiat

"The Bastiat Collection:Volume 1" - Frederic Bastiat
 
“Tools of Titans” – Tim Ferris
 
“An Essay concerning Human Understanding” – John Locke

“A treatise on Human Nature” – David Hume,Thomas Hill Green

“The Richest Man in Babylon” – George O. Clason

“Think Again” – Adam Grant

“The Alchemist” – Paulo Coelho

“Black Swan” – Nassim Nicholas Taleb 

"The Rise of the Computer State" - David Burnham

"The Productivity Revolution" - Marc Reklau

"The Power of Habbit" - Charles Duhigg

"The Way Out" - Peter T. Coleman

"Digital Body Language" - Erica Dhawan

"The Promises of Giants" - John Amaechi

"Dedicated" - Pete Davis


"How to Change" - Kathy Milkman

"Substract" - Leidy Klotz

"The Psichogy of Selling" - Brian Tracy

"Awaken the Giant Within" - Tony Robbins

"Crushing It" - Gary Vaynerchuck

"The Power of Now" - Eckhart Tolle

"Sell or be Sold" - Grant Cardone

"The One Thing" - Gary Keller

"The Snowball" - Alice Schroeder

"Tap Dancing to Work:Warren Buffet on practically Anything" - Carol Loomis

"Extreme Ownership" - Jocko Willink, Leif Babin

"The Subtle Art of Not Giving a F*uck" - Mark Manson

"The Miracle Morning" - Hal Elrod, Robert Kiyosaki

"Tools of the Titans" - Tim Ferris

"Die Sheeple! Die!" - DJ Hives

"A few Lessons for Investors and Managers from Warren Buffet" - Peter Bevelin

"Warren's Buffet Ground Rules" - Jeremy Miller

"Limping on Water" - Phil Beuth, K. C. Schulberg

"Shoe Dog" - Bill Knight

"Where are the Customers Yacths" - Fred Schwed Jr.

"40 Chances" - Howard G. Buffet, Warren E. Buffet

"Clash of the Cultures:Investment vs. Speculation" - John C. Bogle, Arthur Lewitt

"Poor Charlie's Almanack" - Charles T. Munger

"Think Again" - Adam Grant

"Charlie Munger-The Complete Investor" - Tren Griffin

"Bull" - Maggie Mahar

"The Hard thing about Hard things" - Ben Horowitz


"Atomic Habbits" - James Clear

“Books are the quietest and most constant of friends; they are the most accessible and wisest of counselors, and the most patient of teachers.”

Charles W. Eliot

“There is no friend as loyal as a book.”

Ernest Hemingway

“Make it a rule never to give a child a book you would not read yourself.”

George Bernard Shaw

“If you have a garden and a library, you have everything you need.”

Cicero

“Books are like mirrors: if a fool looks in, you cannot expect a genius to look out.”

J.K. Rowling

“I cannot remember the books I’ve read any more than the meals I have eaten; even so, they have made me.”

Ralph Waldo Emerson

“A book must be the axe for the frozen sea within us.”

Franz Kafka

“The best books… are those that tell you what you know already.”

George Orwell, “1984“

“My Best Friend is a person who will give me a book I have not read.”

Abraham Lincoln

“One glance at a book and you hear the voice of another person, perhaps someone dead for 1,000 years.

To read is to voyage through time.”

Carl Sagan

The list will always be updated…

Shared with 💚 by Free Spirit

✌ & 💚

BitHouse with 💚

CoinMarketCap.com is LYING to everyone while profiting from it

CoinMarketCap.com is LYING to everyone while profiting from it

CoinMarketCap.com, the Number 1 website in the crypto-currency industry, is showing immensely fraudulent and scam information (on purpose) to its users. As a site that is used frequently for reference points by many news organisations, trading outlets, companies, informational sites and individuals, it would be in the best interest of the community to write about what has been really going on with this “trusted resource”.

The research indicates that multiple attempts to fix information by many coins on CoinMarketCap.com through contacting them through their support requests or online social media sites such as BitcoinTalk.org, reddit.com and other places has gone unanswered, ignored and/or explicitly overlooked/denied. By explicitly overlooked/denied, after contacting their support with up-to date and obviously correct information, they refuse to update the data. Many hundreds of coins on CMC are affected very negatively (or positively) by this. A lot of them have given up trying to get CMC to put correct data on their site, and have made sticky posts in their own respective forums as to this issue instead.

It is believed that there is massive insider trading going on with the employees, owners and others involved with CoinMarketCap. The research, including talking to multiple coin creators, shows anomalous buying of coins between times that the coin creators asked CMC to list their coin (through their google form) and between when it actually gets listed on the site. This could mean that CMC insiders know that certain coins will pump, and go on a buying spree to front-run the listing of the coin and the public market sentiment. This can be seen over and over again when analysing the action on coins when being listed.

Pump and dumps are also being actively allowed and managed by the team at CMC without the knowledge of the coin creators or coin communities themselves. This can be seen by the direct manipulation of the circulating supply of some coins. CMC puts the circulating supply as very high at certain points (increasing the market cap), then drops it down to a much lower number later (lowering the market cap). This moves these coins up or down their numbered list causing massive buys and sell offs at the whim of CMC. Luckily this fraud can only be made to happen once or twice with each coin as the public outcry from the coin communities (sometimes) usually puts an end to it one way or other.

There is also evidence of CoinMarketCap effectively “killing” off coins as it sees fit. How does it “kill” a coin? Well it removes it’s circulating supply to “?” or a very low number arbitrarily, and keeps it there for a prolonged period. As the coin goes lower and lower in the rankings, daily volume on the coin dies off until such a time that it is zero (even though the teams behind the coins are still active and growing their ecosystems). This leads to exchanges delisting the coin, and the ecosystem being entirely dead after a period of time. There is plenty of evidence of coin communities complaining and coin creators “begging” CMC to update their information with no luck. CMC literally decides which coin lives or dies with it’s own agendas. In defence of CMC, some coins do lose their circulating supply due to faults of the coins (the data end-points for circulating supply stop working on the servers provided initially by the coins), but many are brought down even with the objections and outcry of the coin creators and communities behind them.

Also of concern is the possible bribery of CMC officials and other nefarious behaviors that could very obviously be extrapolated from their current actions. What if one coin paid a handsome sum to CMC to make sure a “competitor” would have lower market cap? How do you make them have a lower market cap? Easy, refuse to update the circulating supply to what the real numbers are and instead show an arbitrary number of their choosing. This can also be seen on many of the coins listed on CMC. There is ample evidence of coins complaining publicly on many forums yet CMC taking it’s own numbers without any explanation or acknowledgement.

Another area of concern is the outdated/incorrect information of many of the coins listed on CMC. Official coin links being broken or unresponsive, including the main websites, wrong daily volumes (not updated in days or weeks), and hugely different circulating supplies (from those you can officially see on the respective blockchains of the coins themselves) are just some of the additional problems that ring alarm bells with us.

Because of these issues, (and many others including the pseudonymousnature of the founders and team members) we believe it is in the best interest of the entire community to get behind this initiative and make big noise until such a time that CoinMarketCap updates their site to show correct information, or another resource is created/promoted that shows correct and up-to date data on their website. Number 1 can go down to Number 0 very quickly in the space with the right community backlash.

Some may say that these issues may be due to incompetence of the team at CMC or them having limited resources. One of the parts of our analysis will take a much closer look at what kind of income CoinMarketCap really makes. You would be surprised. CMC is one of the most profitable businesses in the entire industry. The user is the product. The ads are the money maker. There are backroom deals, and much more happening beyond the scenes that the public does not know.

Most people here are concerned about centralised mining cartels, hardware producers, banks, governments, regulators and/or core developers being points of issues in this industry. We strongly believe that none of those come even close to comparing to the obvious fraud that has been going on at CoinMarketCap for many years.

The volume of money that is traded on information taken from CMC alone pales every other issue into oblivion. If traders are making buys and sells according to falsified data on CoinMarketCap.com, then they are being manipulated and lied to in one of the biggest frauds in the entire crypto-currency space.

You will be shocked at the level of incompetence, negligence, fraud, and outright lying that CMC perpetuates, but at the lack of information about this so far in this industry. For a community that prides itself on self-regulation through transparency and openness, it should be ashamed at not having blown this massive fraud into the public eye much sooner.

We owe it to the community to make sure resources (especially the Number 1 site in the industry) are not being placed in positions to freely commit fraudon this scale ever again.

This has been a very intense effort in data gathering, reporting and analysis.