I've been sharing conspiracies on reddit longer than this sub has been around. I have a story to tell.
This story is mostly crafted from my own experiences, my conversations with some of the people involved, and the rest is my own guesswork as I try to fill in the gaps...so bear with me! That's why I wanted to share with this community, which I've watched grow over the years. I remember posting about the death of Barry Jennings (who witnessed explosions in the WTC on 9/11) the day after it happened. This was before /conspiracy (or right around when it was formed), and I remember thinking "we really need a sub for conspiracies on reddit!" And here we are, 12 years later and over 1.3 million subscribers...incredible! So... My story starts with a young man. We'll call him Andrew. Andrew grew up in the 90's in a coastal US town and quickly blossomed into a tech whiz at a young age. He began building his own computers, and after a brief stint using Windows, he decided that Bill Gates was everything wrong with technology (and the world), and he made it his mission to make sure folks like Gates were NOT the future of computers. He really believed that the use of technology was a fundamental human right, and that charging people for "proprietary" OS's that hid their source code was a violation of these rights. He saw a possible Deus Ex-like future, with a technocracy literally around the corner if we didn't act now. Andrew soon joined the Free Software Foundation and began rubbing elbows with the likes of Richard Stallman. He begun exclusively using GNU/Linux and was the type to correct you if you called it just "Linux". He also began visiting tech-savvy forums like slashdot and started networking in earnest. By 2006 (his senior year of high school) Andrew was completely over his "education" and decided to just drop out completely. Shockingly, a college accepted him anyway. A small East Coast school had been actively courting Andrew, and when they learned he had failed to get his HS diploma, they accepted him anyway! Now sometime during this period Andrew went to Iceland and stayed in Reykjavik for several months. This trip may have happened during the summer, fall, or early winter of 2006. The reason for his trip had something to do with his efforts in the FSF or similar group. The possible significance of this trip will become clear as we go on. What is clear is that Andrew started college in the fall of 2006, and that the circumstances were unusual. Andrew soon met several like-minded individuals and began building a social and technological network at his school. Two individuals in particular would become key players in his life (one more prominently in this story, but the other was significant as well), and eventually the 3 would live together in town for several years. But for now let's stick with Andrew. Andrew had an idea to build a social network for his college. Except, it wasn't just a network, it was a wiki for information about the school...and beyond. Soon, it began to morph into something much bigger in Andrew's mind. He saw his project as being one of many data "hubs" for leaks of important documents and otherwise sensitive information. So yeah, he saw the opportunity for a wiki for leaks (see where this is going yet...?). As his ambitions grew, his behavior started to become increasingly erratic. He was caught with drugs and arrested. Strangely, the charges were pretty much dropped and he was given a slap on the wrist. Eventually he decided to leave the school, but still lived in town and had access to the servers on campus. By 2010 Andrew was still living in the small town with his two "hacker" buddies, who were still enrolled at the school. This house was in some ways legendary. It appears that many "interesting" people spent time at or visited the residence. Indeed, some of the early movers and shakers of /conspiracy itself passed through. There was usually a full NO2 tank for anyone who was into that kinda thing, and they were stocked with every hallucinogen and research chemical known to man. It was also likely under surveillance by multiple intelligence agencies (NSA/Mossad/etc). Over time, the mental state of Andrew was slowly starting to deteriorate, which wasn't helped by his abuse of drugs. Still, Andrew decided to move his base of operations to Europe, spending time in Belgium, the Czech Republic and elsewhere. One of his housemates was soon to join him on his adventures in Europe and elsewhere abroad. We'll call him "Aaron." Aaron had a very similar story and upbringing as Andrew. Aaron was also from a coastal US town and was born into privilege. He was also, supposedly, born into a family with some serious connections to intelligence agencies, including an uncle with ties to the NSA, and both parents connected to military brass. By 2015, Andrew and Aaron were living together in the Czech Republic. During this time they were working directly and/or indirectly for the NSA (via Cisco and other companies). You see, the "college" they met at was actually a front for the recruitment of kids into the IC. Apparently, many "schools" in the US function that way. Go figure. Their intelligence and valuable skill set (hacking etc) made them valuable assets. They were also possibly involved with the distribution of certain "research chemicals" (of the 2C* variety) to dignitaries and their entourages (in one example, they provided 2CB to a group with David Cameron). In addition, Andrew was allegedly involved with, or stumbled upon, an NSA-linked surveillance project directed at the entire country of Malaysia, while Aaron was involved with Cisco. Aaron himself had gotten into hot water for releasing damaging information about the NSA, and even claimed to be an NSA whistleblower, and was also possibly the individual who leaked the 2014 (or 2015) Bilderberg meeting list. And then things went bad. Andrew quit the Malaysia project and Aaron left Cisco. It seems Andrew and Aaron were "set up" during a fiery false flag event in the Czech Republic in 2015. It may have happened at an embassy, but it's unclear which. There is no information on the web about anything like this (afaik). Aaron was immediately targeted and spent several years on the run. Allegedly, he was added to the list of victims in the so-called "Great Game". The Great Game is the term used for an international assassination program where intelligence agencies share a list of targets to be neutralized. The German BND and Mossad are heavily involved, as other networks. Individuals targeted by the Great Game may be offed by actual assassins, or by NPC-like humans whose minds will be influenced by mind control tech (a la Matrix...say influencing someone to ram your car unwittingly ie). As Aaron went on the lam, Andrew soon returned to the US, shell-shocked by his experience. Both Andrew and Aaron continue to suffer from some sort of PTSD from these series of events, rendering Andrew largely incapacitated and Aaron scattered and discombobulated. The Meat of the Matter OK...where does that leave us? Why am I sharing all of this? I think there's much more to this story. So let's start speculating! Everything I'm about to say is stuff that was told to me personally. I can't vouch for any of this information, though obviously I thought it was compelling enough to share. Here's the gist: The so-called whistleblowers you see in the media are almost all fake. This includes: Edward Snowden, Julian Assange, Thomas Drake and William Binney (hey look, his AMA is pinned on this sub right now...no comment!). These individuals, and others, are controlled opposition. The real whistleblowers are severely punished. For example, Bradley Manning was punished with chemical castration in jail. His "transformation" was chemically induced torture. Andrew was not alone in his passion. There were lots of other young visionaries like him who dreamed of a freer and more transparent world. In this story, Julian Assange was an intelligence asset...a psyop meant to steal the thunder from real activists like Andrew. In this story, a small college-based "wiki" for government leaks was used as the model for an intelligence operation known as "wikileaks". In this story, Andrew traveled to Iceland at some point in 2006. When was Wikileaks founded? Wikileaks was founded by Julian Assange in December 2006, in Iceland. Aaron discovered (legally, like Manning who had clearance to access all the data he leaked) damning information about surveillance happening by the NSA, specifically against recruits entering the US army and elsewhere. In this story, the "Andrew" identity was co-opted and turned into "Julian Assange", and "Aaron" became "Edward Snowden". Granted, there were probably other people that these whistleblower imposters were modeled after, but Andrew and Aaron seem like very strong contenders for some of this inspiration. Now, much of the following may be gobbledygook (lol I spelled that right first try!) for all I know, but since I'm having a really hard time making sense of it all, I'll just include everything I can and let you guys run with it. Here are some phrases, ideas, terms and people of note that may be involved with this story...MODS: None of this is doxing! All of the links of people are wikipedia pages or published interviews/articles. So yeah. Not dox!
Rootkit: These are currency and the weapons of the intelligence agencies that allow access to any computer or OS on the planet.
"schizo-affective disorder" doesn't exist, it's cover for EM warfare. For those they can't attack chemically (like Manning), they punish via EM. This technology has been used for decades. Both Andrew and Aaron were likely subjected to this punishment after they stopped playing ball. It likely continues for them both as well.
IN CONCLUSION I don't know how these terms, theories and individuals fit into this story, but that they may be somehow related. Hopefully there are enough bread crumbs in here to keep some of you busy! Any help/insight would be appreciated. I confess I'm not so tech-minded so I can't offer any more explanation about some of the more techy terms. Anyway, thanks for reading, and thanks for continuing to stimulate after all these years! It's really nice to see this place continuing to thrive after all of this time!
![img](fqh92c5eabu51 " Room 77, first one to accept Bitcoin payments. ") Room 77, the German bar and restaurant that claims to be the first retail outfit in the world to accept bitcoin payments, has shut down. Cypherpunk Holdings chief economist Jon Matonis broke the news on Twitter. Bar owner Jorg Platzer later confirmed it on Reddit. “Room 77 is closing for good,” Platzer revealed in a rather futuristic, celebratory post on Oct. 18. “We think our mission is accomplished and it is time to go back to our home planet. Thanks for all the fish and the generous tips!” No official reason was given for the closure of the Berlin-based joint. But there’s suspicion this may have been related to the coronavirus pandemic. Lockdown restrictions linked to Covid-19 have hit the global hospitality industry hard. In Berlin, strict restrictions on the sale of alcohol remain in place, with bar operators banned from selling the product from 11 p.m. to 6 a.m. The measures have badly affected profits. Located in Kreuzberg, Berlin, Room 77 began accepting bitcoin (BTC) as a means of payment in 2011, becoming the first bar, and most likely the first private retail outlet, in the world to do so. Since then, the drinking spot has developed into something of a pilgrimage site for bitcoiners, who patronize the place for its BTC payments and more. “Before we did that (accept BTC), all media coverage about bitcoin was about hackers stealing credit card details and selling them on the black markets,” Platzer said in a 2018 interview, highlighting how the establishment had changed media perceptions and coverage around the top cryptocurrency. In the crypto community, people responded to Room 77’s closure with fond memories of the past. “End of an Era: Room 77 in Berlin closes doors permanently!” tweeted Jon Matonis, the Cypherpunk Holdings chief economist. “Blame it on Covid or blame it on gentrification. Either way, this Kreuzberg landmark has served as a Bitcoin watering hole for over 10 years, with thousands making the obligatory pilgrimage. Thx for the memories, Joerg!” Redditor u/etrnetm said: “Thanks for providing the unofficial embassy of Bitcoin in Berlin to us earthlings. We shall meet again.” In his Reddit post, Platzer concluded: "It is clear by now that nobody will stop bitcoin anymore. Sound money on a global scale will soon make it unfeasable to wage wars and it will create economic equality amongst mankind. We estimate it will take you less than another century to rise and join the intergalactic community." #Room77 #Bitcoin #Crypto #Cryptocurrencies #Blockchain #Berlin #BitcoinAdoption
People often say 'Do your own research' or just 'DYOR'. So how can you do that in this bloated crypto universe.
People often say 'Do your own research' or just 'DYOR'. So how can you do that in this bloated crypto universe without spending endless time finding the important pieces which are mostly heavily blocked, re-uploaded, censored and controversial or not controversy discussed by different groups and belief systems? Here are four videos which I personally think are important to watch, if you want to understand Bitcoin, the scaling debate, and if you like to build your own opinion especially about Craig S. Wright and which Bitcoin is more likely to be the real one. The fundamental thing for me here was that Craig Wright's arguments beside from the fact that they make sense to me, are consistent over many years. So please take the time and watch this video and ask for more if you feel like. To look for the proof in the pudding yourself you must invest some time. So I leave this historical video links here just in case someone likes to watch them. Again, for me, the important detail is consistency in the bigger picture. — "What and how tries Bitcoin to fix!"
Important Videos about Bitcoin history
Jon Matonis and Craig Wright - Arnhem 2017 Craig Wright – Legendary speech in Arnhem 2017 — That's a must have to watch!! https://youtu.be/dgqtcu0zo-k The quality of the two following video is unfortunately low but it is anyway more important what Jimmy and Craig have to say. Jimmy Nguyen (CEO nChain) speaks at Bitcoin Wednesday (May 2019) https://vimeo.com/336300435 Craig Wright Speaks at Bitcoin Wednesday (1 May 2019) https://vimeo.com/334517119 The Bitcoin Doco – A mini-series about cryptocurrency in Australia. The interesting parts are the Craig Wright Interviews. Because they are absolutely mind-boggling for the time (2014) and where fundamentally filled with visions and deep understanding about Bitcoin. There was nothing to hear like that at the time from anyone else. Craig Wright interview - Part-1 (2014) https://vimeo.com/149035662 Craig Wright interview - Part-2 (2014) https://vimeo.com/149115042 Craig Wright interview - Part-3 (2014) https://vimeo.com/149119154 One of the earliest videos with Craig Wright talking about Bitcoin. A video from the Bitcoin Investor Conference in Las Vegas, NV on Oct. 29. – 30. 2015 with; Ed Moy, Joseph Vaughn Perling, Trace Mayer, Nick Szabo and Dr Craig Wright. https://youtu.be/LdvQTwjVmrE
People often say 'Do your own research' or just 'DYOR'. So how can you do that in this bloated crypto universe.
People often say 'Do your own research' or just 'DYOR'. So how can you do that in this bloated crypto universe without spending days to find the important pieces which are often heavily blocked, re-uploaded, censored and controversial or not controverse discussed by different groups and belief systems. Here are five videos I personally think are important to watch if you like to understand Bitcoin, the scaling debate, and if you like to own your opinion especially about Craig S. Wright and which Bitcoin is more likely to be the real one. The more fundamental thing for me here was that Craig Wright's arguments beside from the fact that they make sense to me, are consistent over years now. So please take the time and watch this video and ask for more if you feel like. To look for the proof in the pudding yourself you must invest time. I leave this historical video links here, just in case someone likes to watch them. Again, for me, the important detail is consistency in the bigger picture. — 'What and how tries Bitcoin to fix!' Important Videos about Bitcoin history: Jon Matonis and Craig Wright - Arnhem 2017 Craig Wright – Legendary speech in Arnhem 2017 — That's a must have to watch!! https://youtu.be/dgqtcu0zo-k The quality of the two following video is unfortunately low but it is anyway more important what Jimmy and Craig have to say. Jimmy Nguyen (CEO nChain) speaks at Bitcoin Wednesday (May 2019) https://vimeo.com/336300435 Craig Wright Speaks at Bitcoin Wednesday (1 May 2019) https://vimeo.com/334517119 The Bitcoin Doco – A mini-series about cryptocurrency in Australia. The interesting parts are the Craig Wright Interviews. They are mind-boggling for the time (2014) and where fundamentally filled with visions and deep understanding about Bitcoin. There was nothing to hear like that at the time from anyone! Craig Wright interview - Part-1 (2014) https://vimeo.com/149035662 Craig Wright interview - Part-2 (2014) https://vimeo.com/149115042 Craig Wright interview - Part-3 (2014) https://vimeo.com/149119154 One of the earliest videos with Craig Wright talking about Bitcoin. A video from the Bitcoin Investor Conference in Las Vegas, NV on Oct. 29. – 30. 2015 with; Ed Moy, Joseph Vaughn Perling, Trace Mayer, Nick Szabo and Dr Craig Wright. https://youtu.be/LdvQTwjVmrE Jimmy Nguyen’s chat with Bitcoin creator Dr. Craig Wright at the last Coingeek Conference in Toronto (Published on Jun 3, 2019) https://youtu.be/MSikhu1X49M
Analyzing the Bitcoin Foundation's 2013 tax return
First, a disclaimer: I only have done (simple) accounting for a German non-profit. I have no idea about American tax laws, so I might be wrong on some things. Here's the tax return. It's 33 pages but most of them are blank or uninteresting, so you can get through pretty quickly. The interesting parts: Page 2: The foundation had revenue of $877k but spent $1.4m, for a loss of $590k. Yet, its total net worth at the beginning of the year was $97k, and at the end it was $4.7m. You can probably guess how that happened, but it will be detailed later. Page 8 shows the salaries the foundation pays.
Gavin Andresen, "chief scientist", received $209k of "reportable compensation" + $2,884 of "other compensation", for more than $212k. Apparently the foundation thinks it's better to pay one guy $212k for writing blog posts and giving talks and interviews than paying three guys $70k each to work on the software the whole pyramid scheme currency depends on.
Patrick Murck, general counsel, received $57k + $6k.
Lindsay Holland, assistant director, received $160k + $2,512. I have no idea what she's doing, other than writing press releases, uploading conference videos to YouTube and giving interviews about how she's paid in Bitcoin.
All of them work (or "work") 40 hours a week. Other listed employees, who don't receive compensation, are Jon Matonis (as executive director, 20 hours a week - we'll get back to the "no compensation" part later), and board members, including Peter Vessenes (known for failed businesses and suing MtGox), the convicted felon Charlie Shrem, and my namesake. Page 9: Revenue. They made $358k off membership dues. Page 11: Expenses. Interestingly, they spent $161k on management expenses (not salary). Also, they paid $15,431 in "fines and penalties" - how come we've never heard of that? Page 12 is also interesting. They kept $314k in cash, but $4.5m in "other securities" - probably Bitcoin (up from $107k in the beginning of the year). Seeing how their membership dues are less than the salaries they pay, their conferences lose money and they have little cash reserves, the Bitcoin foundation will likely go belly-up fast when the Bitcoin price stops rising or even goes down. Page 23 provides the confirmation: their holdings of "other securities" are actually Bitcoin. Page 31 is probably the strangest. According to that statement, the foundation paid a "The Hole of Roy, LLC" of a certain Jon Matonis $31k for his role as executive director. Why the payment is not given as salary but as a payment to a LLC which apparently runs a coffee shop in Utah, I have no idea. tl;dr: The Bitcoin Foundation exists so a few people can pay themselves generous salaries and play important. Also, they seem to depend on the Bitcoin price rising seeing they lose money on revenue vs. expenses.
Some suggested that Craig was setting up an advanced fee fraud. That is clearly not what Craig Wright wants. See interview https://youtu.be/dZNtbAFnr-0?t=3m14s "I'm happy where I am. I am not looking for money. I don't want money. I don't want help. (...) If anyone puts me up for awards or anything like that, I will never ever accept a cent, ever! If you put me up for a Nobel Prize, if you put me up for an ACM turing medal, if you put me up for some honour, I will never accept a cent from any of you." - Craig Wright There was a comment saying that a pgp key was backdated "gpg --export 5EB7CB21 | gpg --list-packets - | grep pref-hash hashed subpkt 21 len 5 (pref-hash-algos: 8 2 9 10 11)" The paper Appeal to Authority: a Failure of Trust appeals this claim. "From what we will document below, the reader will note the ease with which a knowledgeable individual could have built a PGP key using the disputed cypher suites, “8,2,9,10,11”.We demonstrate this using a version of the GnuPG binaries that had been compiled in 2007" But even if the PGP key was backdated, it would not prove that Craig did not have the knowledge and capabilities to create Bitcoin. He is known for being very good at computer security and cryptography and whether he has 1, 2 or 3 Master and/or PhD degrees does not disprove any of that. I don't get why people insisting on cryptographic proof that Craig Wright is the main part of Satoshi Nakamoto. I mean the leaked emails (Gizmodo and Wired got) in which Craig is mentioned. His understanding, motivations and reactions are convincing enough, even without cryptographically signing anything! I mean, Is it really that hard to understand if a person wants be left alone and being able to work instead of being in front of cameras all the time, and only wants to reveal himself because pressure caused by the leaked emails and the threats to his friends, family and staff, but is too afraid for the consequences of revealing that he is Satoshi Nakamoto? How about the non-cryptographic aspects: "The social evidence, including his unique personality, early emails that I received, and early drafts of the Bitcoin white paper, points to Craig as the creator. I also received satisfactory explanations to my questions about registering the bitcoin.org domain and the various time-of-day postings to the BitcoinTalk forum. Additionally, Craig's technical working knowledge of public key cryptography, Bitcoin's addressing system, and proof-of-work consensus in a distributed peer-to-peer environment is very strong. " - Jon Matonis (Founding Director at Bitcoin Foundation). "During our meeting, I saw the brilliant, opinionated, focused, generous – and privacy-seeking – person that matches the Satoshi I worked with six years ago. And he cleared up a lot of mysteries, including why he disappeared when he did and what he’s been busy with since 2011. But I’m going to respect Dr. Wright’s privacy, and let him decide how much of that story he shares with the world." - Gavin Andresen (chief scientist at the Bitcoin Foundation) When asked about Satoshi Nakamoto: Q:Why did you feel the had to come out or why do you feel you have to keep it secret for so long? A:"I would prefer to be secret now. I don't think I have to be out there. There's nothing owed to the world where I have to come out and say I'm X, I'm Y. I mean, no one needs to do that. It is my right not to say something. If I release a paper that benefits people, why do I have to take credit for it. Why do I? I don't have to bounce around TV cameras. I wanna work, I wanna keep doing what I'm doing. I don't work and invent and write papers and code by coming in front of TVs. I don't want money, I don't want fame, I don't want adoration. I just want to be left alone." - Craig Wright Q:Why have you decided to identify yourself as Satoshi Nakamoto? A:"I didn't decide. I had people decide this matter for me. And they are making live difficult. Not for me, but my friends, my family, my staff. They want to be private. They don't want all of this affect them. I don't want any of them to be impacted by this. There are a lot of stories out there that have been made up. I don't like it hurting those people I care about. I'm going to do this once and once only. I'm going to come in front of that camera once and I will never ever be in front of the camera ever again for any TV station or any media, ever." - Craig Wright
19,294 readers for 2 years! We were all promised things in the 80s and early 90s, both by Hollywood and our government (United States). One of those things was a digital currency. We got credit. Fuck that, I want a digital currency, and I want it now! "But Xavier, we do have a digital currency!" Wait, what? "Yeah, it's called bitcoin!" Hell yeah. Bitcoin is all I wanted and more from a digital currency. It's simple, and the learning curve is relatively nice. It's growing on retailers, and can already be used to order many physical goods. The bitcoin community is nice and helpful, willing to answer even my stupidest of questions. /Bitcoin specifically has given me quite a lot to think about these past couple months, and a lot of good reading material. Love's such an old fashioned word, but I'm willing to care for this economy at the edge of the night. I firmly believe that bitcoin is the future, and the people at /bitcoin are pulling it ever closer. From all the fantastic guides on mining to the incredible charity, its users have had an awesome effect on the world. Before we get to the wonderful interview portion, I thought I would do something new here at Subreddit of the Day. In full embrace of both the bitcoin spirit and to see what effects it may have on the comments section, I have enabled the /BitcoinTip bot on /SubredditOfTheDay. We have some good comments here, and it'd be cool to reward people with something a little more useful than reddit gold. I suggest you check out that subreddit for the relevant info. Today we have some special guests from the bitcoin community, but I'll let them speak for themselves. Without further ado, the interview.
1. First off, tell me a bit about yourselves, everybody.
Theymos I am a 21-year-old computer science student from Wisconsin. I am the most senior moderator of /Bitcoin and the head administrator of bitcointalk.org. I created the first Bitcoin Block Explorer, blockexplorer.com, though I don't run it anymore. Jon Matonis I am an e-Money researcher and crypto economist covering the Bitcoin economy for Forbes Magazine and American Banker. Evoorhees My name is Erik, but I'm known as evoorhees in the Bitcoin world. I work for several Bitcoin projects - namely BitInstant and Coinapult are my "day jobs" and I'm also involved with the notorious SatoshiDice.com, which is the most popular Bitcoin game in the world. My academic background is in monetary economics (which I learned entirely after my "formal" college education) and by trade I'm a writing, marketing, and brand development guy. Most people in the Bitcoin community probably first hear about me from the paper I wrote last year: Bitcoin - The Libertarian Introduction. I'm an American but have recently left the country because it is far too socialist for my liking.
2. How did you first discover bitcoin?
Theymos I first heard about Bitcoin in February of 2010 via a post on 4chan. I've always had a great interest in distributed systems, so reading bitcoin.org and Satoshi's paper really got me interested, and I started following Bitcoin very closely. Jon Matonis I first discovered Bitcoin through my research into digital cash and virtual currencies. Satoshi had contacted me directly because of my economics blog and asked me to take a studied look at the cryptocurrency. Evoorhees In May 2011 I saw a Facebook post from a friend, which said something like, "This digital currency gained 20,000% in the last six months". I clicked the link and upon reading about it, immediately though, "wow this is the stupidest thing ever... made up internet money... obviously a scam or bubble or some other nonsense." However, my curiosity pulled me further, and after about an hour of reading various articles about Bitcoin, I had a very clear epiphany that this was the most important thing I had ever come across, that it would change the world and that I needed to help it do so. I spent the next few days with little sleep, eating Cheerios, ignoring my girlfriend, and basically absorbing every word that had been written about Bitcoin. I was hooked. I had fallen down the rabbit hole, and am still way down here.
3. In your own words, how would you describe bitcoin to someone who has never heard of it before?
Theymos Bitcoin is a currency like dollars, but instead of relying on the US government to print dollars appropriately and protect against counterfeiting, it uses strong cryptography and a peer-to-peer network to accomplish these same tasks. There is no organization or government with control over Bitcoin. Bitcoin is designed so that you have exclusive control over your money, not politicians, developers, or even the majority of users. Bitcoin is also a payment processing system which allows you to cheaply and quickly send bitcoins to other people. Using Bitcoin, I could securely send $100,000 in bitcoins from the US to China in ~10 minutes while paying less than $0.10 in transaction fees, and this transaction would be more non-reversible than even a wire transfer. Jon Matonis To the uninitiated, I would describe bitcoin as digital gold except that it depends on mathematical properties rather than chemical properties. Evoorhees Bitcoin is one of mankind's greatest inventions. It is a form of money superior to all others. It is a grand experiment, and if it succeeds will remove the monopoly power of money away from governments and put it in the hands of individuals. Bitcoin is the privatization of money, not through "popular vote" or political courtesy, but wrested from the State through the beneficence of technology. If Bitcoin is successful, it will change not only how money works, but society itself - freeing people, empowering them, and providing a means of individual protection. Bitcoin is the antidote to a century of misguided central planning in the realm of money.
4. Where do you see the future of bitcoin in 5 years? 10? 20?
Theymos Satoshi Nakamoto, the founder of Bitcoin, said, "I'm sure that in 20 years there will either be very large transaction volume or no volume." Bitcoin is an extremely powerful technology with the potential to change the world. I think that Bitcoin is likely to grow substantially in 5-10 years, though there are a number of potential challenges that could slow Bitcoin's growth. For example, governments could severely regulate companies that let you buy bitcoins. In 20 years, Bitcoin could be bigger than many government-issued currencies, but I also wouldn't be all that surprised if Bitcoin is replaced by something that is better than Bitcoin in all ways (maybe using quantum cryptography). Bitcoin is the first system of its kind, so anything could happen. Jon Matonis In 5 years, I see bitcoin as pervasive as Skype but still only prevalent in certain pockets of society as Skype is today. I don't predict bitcoin exchange rates. In 10 years, bitcoin will begin to have so many apps and services built around it that a few killer apps will make it a necessity for many people and it will become an acceptable asset class for investors. In 20 years, small to medium size countries will be incorporating bitcoin reserves into their reserve portfolios and countries will be experimenting with currency issuance that depends on full and/or partial bitcoin backing. Countries will also be competing as to which one provides the best competitive jurisdictional environment for cryptocurrencies. Evoorhees Well in 20 years, Bitcoin (or something very similar to it) will either have become the dominant formear of money and payment or it will have failed and gone away. The latter is highly unlikely though, because the only thing which will cause Bitcoin to really fail at this stage is if something superior comes along, in which case all the benefits of Bitcoin are still realized. In five years, I expect the market cap of Bitcoin will have grown from its current $500m USD to the realm of $20-100b USD. At this stage, use will be widespread but not yet ubiquitous. Governments will be struggling to "manage" the growth of the technology and its vast implications. In five years, Bitcoin will be almost as old as the euro is today, and I'd bet considerable money that its record of performance will be superior.
5. Thanks everybody. Anything else you'd like to say to the world?
Theymos Read the sidebar of /Bitcoin for instructions on how to get started and more info about Bitcoin. I will answer questions about Bitcoin in this comment section. Jon Matonis I would like to add that many people are familiar with BitTorrents and how they have caused disruptive problems in the copyright world today with very little method of recourse from the authorities. Well, those same types of disruptive problems will be seen in the world of legal tender due to bearer digital cash such as bitcoin. This has profound implications for the advancement of liberty. Evoorhees If you care about the future of humanity, Bitcoin is the most important social project currently in existence. Where governments and organizations around the world are busy naively fighting the symptoms of a rotten and decrepit financial system, Bitcoin makes such efforts redundant and futile - for it solves the core problems itself. It will disrupt everything, and even if you don't care to get involved in using or developing it further, you owe it to yourself to learn about it. Bitcoin is absolutely fascinating and the most exciting thing I've ever come across, and thus I've dedicated my life to advancing it.
Bitcoin is one of those things that don't come along every lifetime. I hope it outlives me. While that wouldn't be an accomplishment of any sort, it'd make me feel better. This has been your ageless father, Xavier Mendel, signing off.
Air Guitars et Bitcoin Regulation – Jon Matonis. Share; Tweet; AnChain.AI et Bluehelix s'associent pour les réponses de conformité . Top 5 des artistes interprètes ou exécutants de la semaine – Yearn.finance, Loopring, Binance Coin, Theta et Ontology $ YFI Creator veut plafonner l'offre de jetons. Crypto.com lance le DeFi Swap centré sur CRO alors que la concurrence s'intensifie. News Jon Matonis, Executive Director of the nonprofit Bitcoin Foundation, explains how Bitcoin has grown by leaps and bounds in less than five years.With a current market cap of $1.9 billion, he makes an extremely compelling case that Bitcoin is here to stay, gaining the attention of the international payments network, SWIFT, and close to earning its own globally recognized currency code. Jon Matonis, Founding Director at Bitcoin Foundation, dismissed fears of a Bitcoin bubble bursting in a recent interview at the Innovate Finance conference in London. Bitcoin, the world’s best known cryptocurrency, rose to above $20,000 in December 2017 but has since plunged to about the $7,000 level, with market sentiment bearish and many economists viewing […] After a lot of consecutive days going down, Bitcoin’s price is really improving this Friday: it’s now around $97! So, good news in this area and, now, off to another type of news. Here’s your weekly round up, with the most important issues from the last seven days. Besides welcoming a lot of new merchantsRead More How I Met Satoshi. Jon Matonis. May 2, 2016. My relationship with the individual known as Satoshi Nakamoto started in early March 2010 when I received an email from Satoshi pointing me to the published Bitcoin white paper and encouraging me to investigate the system and to begin promoting the network by transacting and mining.At the time, I managed a digital currency blog and this was an email ...
CC Forum London 2019 Produced by https://www.oraclefilms.com/ http://calvinayre.com/ talks to Jon Matonis, Bitcoin Foundation's Executive Director about the overall Bitcoin Economy, benefits for the mainstream online ca... "Creo que va a ser una gran señal de compra para Bitcoin, cuando por fin veamos al XBT recibir la aprobación de la ISO". Jon Matonis, Director Fundador, Bitcoin Foundation Puede mirar este video ... This week we had the honour of being joined by Jon Matonis. Jon is an absolute veteran in the world of crypto, and the founding director of the Bitcoin Foundation. Bitcoin magazine voorziet je van de laatste technische analyses en interviews met key players in de crypto wereld. Elke dag kun je een nieuwsupdate verwachten met daarbij elke zondag een interview ...