Tag: #Anonymous

Profitability Guide

Mining Profitability Guide

To calculate mining profitability, you should follow these steps, no matter which calculator you are using:

🔸️Be sure you know your GPU models and the Hash rates.

🔸️Be sure you know the algorithm of the coin.

🔸️Choose the exchange you plan to use for selling coins. This is necessary if you want more precise results.

🔸️Be sure you know your electricity cost.


You can find a list of calculators online that are used by miners, here:

https://bithouseco.home.blog/2021/09/12/mining-calculators/


🔹️ Be sure to keep track of what’s happening in the cryptocurrency world, if you aren’t doing so already. If a coin has problems, it will definitely affect the price and mining profitability, and may even prevent you from selling mined coins.

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✌ & 💚

Bitcoin Quotes

Bitcoin Quotes from around the World

“Bitcoin actually has the balance

and incentives right, and that is why

it is starting to take off. “

Julian Assange

Bitcoin has the balance and incentives right

” It isn’t obvious that the world had to work this way.

But somehow the universe smiles on encryption.”

Julian Assange

The universe smiles on encryption

” The innovation is that BTC is hard to shut down. […]

Designed from the ground up to survive under the most adversarial conditions. “

Hasu

Bitcoin is hard to shut down

” Bitcoin is the most successful privacy coin to date. “

Pierre Rochard

Most successful privacy coin to date

” Bitcoin is a mathematical miracle. “

Steve Wozniak (Apple Co-Founder)

Mathematical miracle

” Bitcoin is a technological innovation that happens once a species. “

Trace Mayer

Technological innovation that happens once in a species

” Bitcoin doesn’t care about who you are or what your feelings are.

Bitcoin represents equal opportunity

to participate in a system

not encumbered by

our legacy fiat structures. “

White Rabbit

Participate in a system not encumbered by FIAT

” We’re here to unfuck the money and there’s no stopping us.

Fix the money,

change the world. “

White Rabbit

Fix the Money, Change the World

” Hardly anybody actually

understands money. “

Nick Szabo

Nobody understands money

” When you have a disruptive technology,

they call it a category killer.

Bitcoin is a serial killer –

it’s going to go through

40 or 50 different industries. “

Dan Morehead

Bitcoin is a serial killer

” It’s 21 million or death.”

Robert Breedlove

21 million or death

” It might make sense just to get some in case it catches on. “

Satoshi Nakamoto

In case it catches on

” Trusted third parties

are security holes. “

Nick Szabo

Trusted third parties

” There are only going to be

21 million coins,

there are billions of people

in the world, some reasonable percentage of who might

find it interesting to

own a piece of Bitcoin.”

Adam Back

21 Million Coins

” I think it’s essential for a program of this nature to be open source. “

Satoshi Nakamoto

Open Source

” SHA-256 is very strong. It’s not like the incremental step from MD5 to SHA1.

It can last several decades unless there’s some massive breakthrough attack. “

Satoshi Nakamoto

Sha-256

” Code mixed with robust game theory is superior to hierarchical command and control. “

ℭoinsure

Code superior to hierarchical command and control

” Given that money is one half of every commercial transaction and that whole civilizations literally rise and fall based on the quality of their money, we are talking about an awesome power, one that flies under the cover of night. “

Ron Paul

Money… an awesome power

” The world has to adapt to bitcoin, not the other way round. “

Herzmeister

The world has to adapt to bitcoin

” When I first bought bitcoin it took me two years of speculation to understand what Bitcoin really was.

But once I fully had a grasp of it, it was life altering. “

Russell Okung

Bitcoin is life altering

” Many countries stand to gain from Bitcoin’s adoption as it would remove their dependence on the US dollar and provide them with a feasible alternative. “

Misir Mahmudov

Bitcoin a feasible alternative to the US $

” Bitcoin is a optimist bet on the future, a bet on human ingenuity.

Gold is a pessimist bet on the past and, often a bet the end of civilization. “

Rodolfo Novak

Bitcoin a bet on Human Ingenuity

” Everyone has got to believe in something.

Why not believe in something verifiable and unforgeable. “

Hass McCook

Believe in something verifiable and unforgeable

” Open source software is a meritocracy of ideas, not of people.

So people are always talking about “Who controls Bitcoin?”

Good ideas control Bitcoin.

Not people.”

Ben Prentice

Good ideeas control Bitcoin

“Bitcoin is a seed of hope in a society which lost vision years ago and perspective just recently. “

Kim Neunert

Bitcoin a seed of hope

” Bitcoin has an inescapable, unavoidable, and omnipotent magnetism for the brightest and most revolutionary minds on the planet.

I’ve never witnessed anything like it. “

Brandon Bridge

Bitcoin’s magnetism

” This is why proof of work needs to be expensive, if it is cheap you can roll back things easily.

You want it to be very difficult to change history.

The only way to make it difficult to change history is to make the process of writing the current history very expensive. “

Jimmy Song

Difficult to change history

” Bitcoin is like gold but with this magical ability that you

can teleport it.”

Vijay Boyapati

Bitcoin magical ability to teleport it

” Can Bitcoin be stopped?

“Not really, this thing is a beast.

As Mises wrote:

Ideas can only be overcome by other ideas. “

Trace Mayer

Bitcoin cannot be stopped

“I’m not here to fix Bitcoin.”

Michael Saylor

Fix bitcoin

” Buying bitcoin is the most powerful protest an individual can make against the current economic system. “

Luc Dossis

Buying bitcoin is the most powerful protest

” These numbers have nothing to do with the technology of the devices; they are the maximums that thermodynamics will allow.

And they strongly imply that brute-force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space. “

Bruce Schneier

Maximums that thermodynamics will allow

” Cryptocurrency is such a powerful concept that it can almost

overturn governments. “

Charles Lee

Cryptocurrency can almost overturn governments

” Bitcoin will do to banks what email did to the postal industry. “

Rick Falkvinge

Bitcoin is the email for the postal industry

” I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world. “

Peter Thiel

Bitcoin has the potential to change the world

” Bitcoin is the most important invention in the history of the world since the Internet. “

Roger Ver

Bitcoin the most important invention in the history since the Internet

” Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. “

Jim Rickards

Bitcoin fits the bill as a way to preserve wealth

” You can’t stop things like Bitcoin.

It will be everywhere and the world will have to readjust.

World governments will have to readjust. “

John McAfee

Bitcoin will be everywhere and the world will have to readjust

” I think the fact that within the bitcoin universe an algorithm replaces the function of the government… is actually pretty cool. “

Al Gore

An algorithm replaces the function of government

“People have made fortunes off Bitcoin, some have lost money.

It is volatile, but people make money off of volatility too.”

Richard Branson

Some lost, some won with Bitcoin

” The ability to create something which is not duplicable in the digital world has enormous value…

Lot’s of people will build businesses on top of that. “

Eric Schmidt

Create something wich is not duplicable

“PayPal had these goals of creating a new currency.

We failed at that…

I think Bitcoin has succeeded on the level of a new currency, but the payment system is lacking.”

Peter Thiel

Bitcoin succeeded as a new currency

” As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies. “

John McAfee

Bitcoin devalues $ € ¥

” Bitcoin is the Currency of Resistance…

If Satoshi had released Bitcoin 10 years earlier, 9/11 would

never have happened. “

Max Keiser

Bitcoin the currency of resistance

“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. “

Peter Diamandis

Bitcoin is a smart currency

“The internet is going to be one of

the major forces for reducing

the role of government.

One thing that’s missing but that

will soon be developed,

is a reliable  e-cash.”

Milton Friedman

E-Cash

” Bitcoin is a technological

tour de force. “

Bill Gates

Tour de force

” If you don’t believe it or don’t get it,

I don’t have the time

to try to convince you,

sorry. “

Satoshi Nakamoto

Don’t have the time

“WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.”

Satoshi Nakamoto

WikiLeaks

” Lost coins only make everyone

else’s coins worth slightly more.

Think of it as a donation to everyone.”

Satoshi Nakamoto

Lost Coins

” In a few decades when the reward gets too small, the transaction fee

will become the main compensation

for [mining] nodes.

I’m sure that in 20 years there

will either be very large transaction volume or no volume.”

Satoshi Nakamoto

Transaction fee

” As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant.

Thus, it is known in advance how many new bitcoins will be created every year in the future.

Coins have to get initially distributed somehow, and a constant rate seems like the best formula.”

Satoshi Nakamoto

Coins distribution at a constant rate is the best formula

” Bitcoin is the beginning of something great: a currency without

a government, something

necessary and imperative. “

Nassim Taleb

Bitcoin a currency without a government

” Those who believe in Bitcoin also believe in cleverness. “

Arif Naseem

Believe in bitcoin believe in cleverness

” Bitcoin is the most stellar and

most useful system of

mutual trust ever devised. “

Arif Naseem

Bitcoin a system of mutual trust

Cryptocurrency is freedom,

Banking is slavery. “

Arif Naseem

Cryptocurrency is freedom

” Our basic thesis for bitcoin is

that it is better than gold. “

Tyler Winklevoss

Bitcoin better than gold

” I think the whole narrative

of blockchain without bitcoin

will amount to very little. “

Fred Ehrsam

Blockchain without bitcoin

” Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments. “

Leon Louw

Bitcoin world’s most important developments

” Bitcoin is a very exciting development, it might lead to a world currency.

I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets. “

Kim Dotcom (CEO of MegaUpload) 

Bitcoin might lead to a world currency

” Bitcoin may be the TCP/IP of money. “

Paul Buchheit (Creator of Gmail)

Bitcoin the TCP/IP of money

” We have elected to put our money and faith in a mathematical framework that is free of politics and human error. “

Tyler Winklevoss (Co-inventor of Facebook)

Mathematical framework free of politics and human error

” I really like Bitcoin.

I own Bitcoins.

It’s a store of value, a distributed ledger.

It’s a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government’s currency does not hold value.

It’s also a good investment vehicle if you have an appetite for risk.

But it won’t be a currency until volatility slows down. “

David Marcus (CEO of Paypal)

Bitcoin a store of value

” [Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system. “

Ben Bernanke (Chairman of the Federal Reserve)

Bitcoin may hold long-term promise

“There are 3 eras of currency: Commodity based, politically based, and now, math based. “

Chris Dixon (Co-founder of Hunch now owned by Ebay, Co-founder of SiteAdvisor now owned by McAfee)

Math based currency

” Bitcoin is here to stay.

There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency.

And I wouldn’t want to be on the receiving end of hacker fury. “

Adam Draper

Bitcoin is here to stay

” It’s money 2.0, a huge hugehuge  deal. “

Chamath Palihapitiya (Previous head of AOL instant messenger)

Money 2.0

” If there is one positive takeaway from the collapse of Mt.Gox, it is the willingness of a new generation of Bitcoin companies to work together to ensure the future of Bitcoin and the security of customer funds. “

Brian Armstrong (CEO of Coinbase)

Future of bitcoin

” Bitcoin seems to be a very promising idea.

I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker.

It is a very modern notion that exploits the power of the long tail. “

Hal Finney

Bitcoin a very promising idea…

” Bitcoin enables certain uses that are very unique.

I think it offers possibilities that no other currency allows.

For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself. “

Pieter Wuille

Bitcoin enables uses that are very unique

” At its core, bitcoin is a smart currency, designed by very forward-thinking engineers.

It eliminates the need for banks, gets rid of credit cardfees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things. “

Peter Diamandis

Good things

” There is so much potential…

I am just waiting for it to be a billion dollar industry.”

“ Wow, Silk Road actually works ”

Charlie Shrem

Silk Road actually works

Bitcoin is independent from “crypto”

Bitcoin vs “Crypto“

@bithouseco

   The quality of Bitcoin’s monetary policy and the public’s confidence that the policy will be respected in the long-run is all what really matters.

For all of you out there, who believe that Bitcoin falls under the “crypto” umbrella, you could not be further from the truth.

“Crypto” is designated for the affinity scams that launched in Bitcoin’s shadow and attempted to leverage its pedigree and latch on to its narrative to sell useless tokens to unwitting noobs.

The scammers believe they can “beat” Bitcoin by providing a feature set and a “culture” more appealing to the masses and make individuals more likely to pick their favorite “crypto” over the best money humans have ever come in contact with.

As most people, these people couldn’t be more delusional.

The success of Bitcoin doesn’t depend on the “culture” of bitcoiners.

Bitcoin is a protocol that has no way of knowing the “culture” of its users.

If it is successful it will be used by many different people from many worldwide  lands with very different cultures.

A cultural hold on a particular competitive landscape of social media doesn’t really impress no one at the end of the day.

What really matters is the quality of Bitcoin’s monetary policy and the public’s confidence that the policy will be respected in the long-run.

The best way to build confidence in that policy is to make the cost of attempting to change that policy, or falling out of line with the consensus rules of the network as high as possible.

Nothing in “crypto” comes close to Bitcoin in these regards, and that is because the Bitcoin network is slowly but surely integrating itself into the energy sector of the globe.

The execution risks associated with mining Bitcoin have become very high.

If a miner fucks up and falls out of consensus, they are punished materially by missing out on precious block reward payouts.

As the network becomes more integrated with the energy sector, these costs will rise and abiding by the monetary policy put forth by the network of full nodes will be paramount.

It happend in 2017 when the biggest corporate players and miners attempted to hard fork a block space increase that fell out of consensus with the full nodes on the network.

The unwillingness to follow consensus ruined reputations and lost a lot of miners a lot of money over the four years that have followed the hard fork.

This is the certainty for the people, that bitcoin is a suitable monetary good in the digital age.

All of “crypto” pretenters focused on speed, app building, and being less “energy intensive” have completely missed the plot and have relegated themselves to a hedonistic odd sand box filled with degenerate gamblers and low energy thinkers.

Bitcoin has already won because it has won the energy game.

This energy game is what will protect Bitcoin’s monetary policy in the long-run, being strongly incentivized by full nodes to do so.

Very few understand this and very few will ever understand that !!!

Satoshi Nakamoto bitcoin quotes

The Times 03/Jan/2009
Wikileaks
Lost coins
Transaction fees
Anonymous vs. Pseudonymous
bitcoin’s convenience against credit cards
Scarce asset
Generate new bitcoin address
Not having bitcoin would be the net waste
Inflation vs. Deflation in bitcoin
Potential for a positive feedback loop
…gain a new territory of freedom…
E-currency based on cryptographic proof
Attractive to the libertarian viewpoint
Root problem with conventional currency

Vires In Numeris

Vires In Numeris

” It isn’t obvious that the world had to work this way.

But somehow the universe smiles on encryption.”

Julian Assange

Nobody yet knows for sure if the universe’s smile is genuine or not.

It is possible that our assumption of mathematical asymmetries is wrong and we find that P actually equals NP, or we find surprisingly quick solutions to specific problems which we currently assume to be hard.

If that should be the case, cryptography as we know it will cease to exist, and the implications would most likely change the world beyond recognition.

“Vires in Numeris”

=

“Strength in Numbers”

epii

Vires in numeris is not only a catchy motto used by bitcoiners.

The realization that there is an unfathomable strength to be found in numbers is a profound one.

Understanding this, and the inversion of existing power balances which it enables changed my view of the world and the future which lies ahead of us.

One direct result of this is the fact that you don’t have to ask anyone for permission to participate in Bitcoin.

There is no page to sign up, no company in charge, no government agency to send application forms to.

Simply generate a large number and you are pretty much good to go.

The central authority of account creation is mathematics.

And God only knows who is in charge of that.

Elliptic curve examples (cc-by-sa Emmanuel Boutet)

Bitcoin is built upon our best understanding of reality.

While there are still many open problems in physics, computer science, and mathematics, we are pretty sure about some things.

That there is an asymmetry between finding solutions and validating the correctness of these solutions is one such thing.

That computation needs energy is another one.

In other words: finding a needle in a haystack is harder than checking if the pointy thing in your hand is indeed a needle or not.

And finding the needle takes work.

The vastness of Bitcoin’s address space is truly mind-boggling.

The number of private keys even more so. It is fascinating how much of our modern world boils down to the improbability of finding a needle in an unfathomably large haystack.

I am now more aware of this fact than ever.

Bitcoin taught me that there is strength in numbers.

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Bitcoin mining is suddenly one of the most profitable businesses on the planet – Fortune

https://fortune.com/2021/08/05/bitcoin-mining-is-suddenly-one-of-the-most-profitable-businesses-on-the-planet/

Bitcoin’s Shroud of Subtlety and Allure

A new banner of freedom

Bitcoin’s Shroud of Subtlety and Allure

Daniel Krawisz

June 29, 2014

Attacks on Bitcoin

A successful attack on Bitcoin means attacking Bitcoin’s value.

There might well be a bug that could be exploited to put the network out of commission temporarily, but would soon be fixed and then the network would be up and running shortly thereafter.

To destroy Bitcoin permanently means to end the profit opportunities available with it, and that means either a malicious hashing attack on the network that makes mining impossible or such a malevolent policy against Bitcoin trade that even the black market abandons it.

Both of these require spending resources in proportion to the profits that Bitcoin enables.

In this article, I will discuss three reasons why such an attack is unlikely to succeed: antifragility, subtlety, and attacker defection.

The interplay of these three defenses makes Bitcoin into a kind of wave that rewards those who ride it and drowns those who resist it.

The first of these, antifragility, is exemplified in the fact that malicious hashing is impossible up to a certain fraction of the network.

Below the point that selfish mining becomes possible1 additional hashes per second are almost certainly beneficial because they increase the security of the network.

Any potential attacker, therefore, must weigh in the possibility that he may end up benefiting the network instead of destroying it.

A similar risk accompanies a legal attack on Bitcoin. Bitcoin can adapt to half-hearted attacks. It would move deeper into the black market where it would become permanently strengthened.

Furthermore, a legal attack could be easily corrupted into one that brings as many bitcoins as possible to the government agents instead of one that destroys it (see below).

Bitcoin’s Subtlety

Bitcoin adoption happens one person at a time, and this is true for potential attackers as well as the rest of us.

It takes an entrepreneurial mindset to be able to imagine what Bitcoin could become, given how comparatively small it is now.

It takes time and meditation for people to take Bitcoin seriously because most of its value is in the future.

By the time this happens, Bitcoin has become much more expensive than when they first learned of it.

Thus, Bitcoin is protected from attackers by being initially beyond their understanding.

When Bitcoin was very small, it was very stealthy and was completely unknown to the establishment.

Now they laugh at it, just as it has begun to grow bold.

Of course, we don’t know who really dismisses it and who is deliberately trying to draw attention away from it.

Bitcoin’s Allure

Furthermore, potential attackers are at a disadvantage for another reason.

Bitcoin tends to oppose organizations rather than people.

Even someone who stands to lose from Bitcoin by not reacting to it, such as a banker or government agent, stands to gain a great deal by buying now.

Only the very wealthiest people might reasonably expect to be worse off attempting to buy up as much as possible now than if it were gone. (This could happen if their attempt to buy caused the price to rise too fast relative to their ability to acquire additional bitcoins, to the point that they ultimately had less influence over the future Bitcoin economy than they have over the economy of today.)

Thus, the agency problem with Bitcoin affects bitcoin competitors as well as Bitcoin holders.

Nearly any government agent who begins to see bitcoin as a potential threat must also simultaneously see it as an opportunity.

He, too, can invest in Bitcoin. And why shouldn’t he?

Bitcoin may be a threat to his livelihood, but it may well be making him an offer he can’t refuse.

How can an organization that stands to lose by the adoption of Bitcoin provide its members with a better opportunity for staying loyal than Bitcoin provides for defection?

Even those who might resist the temptation to defect would have to think about the defection of his fellows.

How quickly is adoption happening? Is there time to mount an attack before Bitcoin becomes too powerful? How easily could the resources for such an attack be amassed, given both the ignorance and treachery of the other agents.

If such an attack would be unlikely to succeed, then buying now would be the only intelligent action.

Regardless of whether he liked Bitcoin, it would be futile to continue pursuing a doomed cause.

Potential Bitcoin attackers are in a Prisoner’s Dilemma.

In the same way that the people cannot easily rebel against the king owing to a lack of coordination on their part, governments cannot rebel against Bitcoin for the same reason.

The government puts the people in a Prisoner’s Dilemma against one another, and Bitcoin does the same to government agents.

Bitcoin is like Invasion of the Body Snatchers.

Bitcoin attracts inside men to act as covert saboteurs. There have long been predictions from both bitcoiners and naysayers of impending government attacks, but I think there is a possibility that Bitcoin could win without suffering much resistance.

Moreover, although I said above only that any legal bitcoin attack could be perverted, the considerations discussed in this section tend to make such diffusion very likely.

Bitcoin defends itself by being obscure, but once it has attracted someone’s attention, its best interest is for that person to understand the logic presented here. For then he will also understand that his best course is to deny Bitcoin’s threat to his superiors and quietly to become its willing slave.

  1. Right now Bitcoin Core does not follow the proper strategy to protect against selfish mining even at very low hashing rates, but the fix would be extremely easy to implement and would make selfish mining impossible up to 25% of the hash rate. ↩

Source:

https://nakamotoinstitute.org/mempool/bitcoins-shroud-of-subtlety-and-allure/

Cypherpunk’s Manifesto

A Cypherpunk’s Manifesto

Eric Hughes

by Eric Hughes

” Privacy is necessary for an open society in the electronic age.

Privacy is not secrecy.

A private matter is something one doesn’t want the whole world to know, but a secret matter is something one doesn’t want anybody to know.

Privacy is the power to selectively reveal oneself to the world.

If two parties have some sort of dealings, then each has a memory of their interaction.

Each party can speak about their own memory of this; how could anyone prevent it?

One could pass laws against it, but the freedom of speech, even more than privacy, is fundamental to an open society; we seek not to restrict any speech at all.

If many parties speak together in the same forum, each can speak to all the others and aggregate together knowledge about individuals and other parties.

The power of electronic communications has enabled such group speech, and it will not go away merely because we might want it to.

Since we desire privacy, we must ensure that each party to a transaction have knowledge only of that which is directly necessary for that transaction.

Since any information can be spoken of, we must ensure that we reveal as little as possible.

In most cases personal identity is not salient. When I purchase a magazine at a store and hand cash to the clerk, there is no need to know who I am.

When I ask my electronic mail provider to send and receive messages, my provider need not know to whom I am speaking or what I am saying or what others are saying to me; my provider only need know how to get the message there and how much I owe them in fees.

When my identity is revealed by the underlying mechanism of the transaction, I have no privacy. I cannot here selectively reveal myself; I must always reveal myself.

Therefore, privacy in an open society requires anonymous transaction systems.

Until now, cash has been the primary such system.

An anonymous transaction system is not a secret transaction system.

An anonymous system empowers individuals to reveal their identity when desired and only when desired; this is the essence of privacy.

Privacy in an open society also requires cryptography.

If I say something, I want it heard only by those for whom I intend it.

If the content of my speech is available to the world, I have no privacy.

To encrypt is to indicate the desire for privacy, and to encrypt with weak cryptography is to indicate not too much desire for privacy.

Furthermore, to reveal one’s identity with assurance when the default is anonymity requires the cryptographic signature.

We cannot expect governments, corporations, or other large, faceless organizations to grant us privacy out of their beneficence.

It is to their advantage to speak of us, and we should expect that they will speak.

To try to prevent their speech is to fight against the realities of information.

Information does not just want to be free, it longs to be free.

Information expands to fill the available storage space.

Information is Rumor’s younger, stronger cousin;

Information is fleeter of foot, has more eyes, knows more, and understands less than Rumor.

We must defend our own privacy if we expect to have any.

We must come together and create systems which allow anonymous transactions to take place.

People have been defending their own privacy for centuries with whispers, darkness, envelopes, closed doors, secret handshakes, and couriers.

The technologies of the past did not allow for strong privacy, but electronic technologies do.

We the Cypherpunks are dedicated to building anonymous systems.

We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money.

Cypherpunks write code.

We know that someone has to write software to defend privacy, and since we can’t get privacy unless we all do, we’re going to write it.

We publish our code so that our fellow Cypherpunks may practice and play with it. Our code is free for all to use, worldwide.

We don’t much care if you don’t approve of the software we write.

We know that software can’t be destroyed and that a widely dispersed system can’t be shut down.

Cypherpunks deplore regulations on cryptography, for encryption is fundamentally a private act.

The act of encryption, in fact, removes information from the public realm.

Even laws against cryptography reach only so far as a nation’s border and the arm of its violence.

Cryptography will ineluctably spread over the whole globe, and with it the anonymous transactions systems that it makes possible.

For privacy to be widespread it must be part of a social contract.

People must come and together deploy these systems for the common good. Privacy only extends so far as the cooperation of one’s fellows in society.

We the Cypherpunks seek your questions and your concerns and hope we may engage you so that we do not deceive ourselves.

We will not, however, be moved out of our course because some may disagree with our goals.

The Cypherpunks are actively engaged in making the networks safer for privacy. Let us proceed together apace.

Onward.

Eric Hughes

 <hughes@soda.berkeley.edu>

9 March 1993

☆ Long Live the CypherPunks ☆

The world is in debt for your bright minds, even if it doesn’t know…

It’s minds like yours that always have changed the face of the earth for a better brighter future !

KUDOS TO YOU ALL !!!

BitHouse LLC

Strenght in Numbers

BitHouse LLC is a client – focused and result driven CryptoCurrency Consulting and Mining Company that provides broad – based services at an affordable fee to our clients .

We will ensure that we work hard to meet and surpass our Clients’ expectations whenever they hire our services for Consulting or mine bitcoin.

At BitHouse LLC, our Client’s best interest always come first and foremost, and everything we do is guided by our high values and professional ethics.

Services

Cryptocurrency Consulting

General cryptocurrency advice, reviews and due diligence on tokens, blockchain projects, general investment advice and trading strategy.

Security and putting processes in place to backup your crypto.

Cryptocurrency Mining & Staking

Setup and advice on Cryptocurrency mining rigs. Mining does not just include Bitcoin, there are numerous other options to mine, including other tokens, rigs that provide processing power and storage.

Masternodes

Nodes are a great way to generate cryptocurrency, similar to mining just without the expensive hardware.

Setting up and running a node is not straight forward, we can help.

Proof of Stake / Staking Wallets

 Just like mining, storing your cryptocurrency in a wallet that is connected to the blockchain can generate you more crypto of that same token.

If you own POS coins and aren’t staking you are missing out on ROI.

Bitcoin – People’s Money

“Better a diamond with a flaw than a pebble without.”

Confucius

Diamond with a flaw

“Try not to become a man of success. Rather become a man of value.”

Albert Einstein

Man of Value

“If you don’t know what you want, you’ll never find it.

If you don’t know what you deserve, you’ll always settle for less.

You will wander aimlessly, uncomfortably numb in your comfort zone, wondering how life has ended up here.

Life starts now, live, love, laugh and let your light shine!”

Rob Liano

Let your light shine

“A person’s worth is measured by the worth of what he values.”

Marcus Aurelius, “Meditations”

Values

“Mathematics expresses values that reflect the cosmos, including orderliness, balance, harmony, logic, and abstract beauty.”

Deepak Chopra

Mathematics

“Every job from the heart is, ultimately, of equal value.

The nurse injects the syringe; the writer slides the pen; the farmer plows the dirt; the comedian draws the laughter.

Monetary income is the perfect deceiver of a man’s true worth.”

Criss Jami, “Killosophy”

Job from the Heart

“A person that does not value your time will not value your advice.”

Orrin Woodward

Value your time

“Once you embrace your value, talents and strengths, it neutralizes when others think less of you.”

Rob Liano

Embrace your Values

“Bad times have a scientific value. These are occasions a good learner would not miss.”

Ralph Waldo Emerson

Bad times

“I say no wealth is worth my life.”

Homer, “The Iliad”

Life

“But what’s worth more than gold?

Practically everything.

You, for example.

Gold is heavy.

Your weight in gold is not very much gold at all.

Aren’t you worth more than that?”

Terry Pratchett, “Making Money” 

You are worth more than gold

“Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.”

Louis L’Amour, “Education of a Wandering Man”

Knowledge

“Ô, Sunlight! The most precious gold to be found on Earth.”

Roman Payne

Sunlight

“Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.”

Louis L’Amour, “Education of a Wandering Man”

Knowledge

“If life — the craving for which is the very essence of our being — were possessed of any positive intrinsic value, there would be no such thing as boredom at all: mere existence would satisfy us in itself, and we should want for nothing.”

Arthur Schopenhauer, “The Vanity of Existence”

Existence

“Our sole purpose on this earth is to add value to others.

It doesn’t make sense to just exist in people’s lives or to be a drain on them, does it?”

Rob Liano

Sole purpose

“Value judgments are destructive to our proper business, which is curiosity and awareness.”

John Cage

Curiosity & Awareness

“We set no special value on the possession of a virtue until we percieve that it is entirely lacking in our adversary.”

Friedrich Nietzsche, “Human, All Too Human: A Book for Free Spirits”

Virtue

“Maybe you had to come close to losing something before you could remember its value.

Maybe we enjoy the last minute struggle as it slips through our hands.”

Suraj Sani

Struggle

“Always remember that the minority dictates the prices, and the majority governs the value.”

Naved Abdali

Minority vs. Majority

“It is impossible to say whether an asset class valuation is cheap or expensive in isolation.

The valuation of an asset is relative to the valuations of all other assets.”

Naved Abdali

Valuation of an Asset

“Market quotes change every second, but business evolves steadily.

You have ample time to evaluate a business to buy or not to buy.

There is no rush.”

Naved Abdali

Evaluate

“The number one reason people lose money in investing is because they buy assets without giving any thought whatsoever to the fair value.”

Naved Abdali

Fair Value

“If investors do not know or never attempt to know the fair value, they can pay any price.

More often, the price they pay is far greater than the actual value.”

Naved Abdali

Actual Value

“Watching every tick up and every tick down is just wasting your valuable time.

Do yourself a favor, and pick up a book or two about investing each month.”

Naved Abdali

Pick up a book

“An ounce of gold will always be an ounce of gold regardless of the length of possession.

The short-term value will go up or down, but gold prices will follow the general inflation rate in the long run.”

Naved Abdali

General Inflation Rate

“A Collectible’s value is primarily based on the emotions and the perception of potential buyers.”

Naved Abdali

Emotions & Perception