/biz/ - Business & Finance

[Anonymous No.16474554]

Here's the real crypto redpill:

Craig Wright is unironically Satoshi Nakamoto. Blockstream - owned by Bilderberg group - intentionally crippled BitCoin by refusing to raise the blocksize cap as was the original design, this caused the adoption and growth in BitCoin to stagnate and collapse due to the artificially high transaction fees imposed by tiny blocks. BitCoin would be at least $50,000 by now if it wasn't for Blockstream, they don't want BitCoin to challenge the central banking system which Craig has spoken out against multiple times.

The original BitCoin protocol lives on as Bitcoin SV (Satoshi's Vision). Craig's company nChain has been hard at work to eliminate the CPU bottleneck in the Bitcoin node software which was originally only single-threaded, rumour has it BSV miners are upgrading to Xeon Phi processors (64 cores) which the code is now being optimised for (thanks to the work by Steve Shadders). This is due to be finished by February 2020 for the Return to Genesis upgrade which will remove all limits in the BSV protocol code and lock down the protocol, with the software limitations removed BSV will be ready for unbounded scaling with the short term goal of sustained 1 Terabyte blocks and millions of transactions per second.

This breakthrough in cheap free-flowing data and sound instant money will create a 4th Industrial Revolution as companies compete to start making ever more powerful computers, faster bandwidth, cheaper and more electricity to mine the Bitcoin blockchain. Mining will be the biggest and most advanced industry on Earth, an expected Bitcoin price of millions of dollars is not unreasonable at this level of scale.

[Anonymous No.16474565]

Craig Wright partnered with Billionaire Calvin Ayre see the destruction of the BTC fork of Bitcoin to be their short-term top priority. They intend to do this by building up a majority of the hashpower on the BTC chain in stealth by hiding their hash on other pools, over time as the difficulty increases existing BTC miners will go out of business and stop mining, further increasing their percentage of hash, Craig and Calvin can also afford to mine at no profit or at a loss. Mining is a Red Queen game so hardware gets outdated very quickly, because of this all of Bitmain’s old hardware is obsolete, by mid-2020 only 10nm and 7nm machines will matter, this is what Coingeek and Squiremining have been investing in heavily.

The purpose of this? In May 2020 BTC will have a halving and enter its 4th Reward Era, lowering the block subsidy to 6.25 BTC per block. Craig and Calvin intend to pull all their hash over to BSV after this happens causing a chain death spiral event in BTC while selling the Satoshi coins and buying BSV, this will cause the price of BTC to crash to $1-100 and the price of BSV to skyrocket. The BTC chain will eventually recover from its chain freeze after a few months but it will be forever crippled and BSV will be shown to be the real Bitcoin.

[Anonymous No.16474663]

Thanks fren. Good work! People wont understand until its too late.

[Anonymous No.16475566]

>by refusing to raise the blocksize cap as was the original design

where can I see the original code that automatically raises the blocksize cap?

[Anonymous No.16475889]

Keep shilling. Only dumbs can buy that shit. That would means that when it dumps it will dump harder than any coin, and when pump, pumps harder than anyone.

Sadly it only bleeds. Gambling at imaginary coins that havent teste time like btc or ltc, retards...

[Anonymous No.16476470]

>>16474565
"Wright’s mother had told me about her son’s long-standing habit of adding bits on to the truth, just to make it bigger. ‘When he was a teenager,’ she said, ‘he went into the back of a car on his bike. It threw him through the window of a parked car. That’s where his scar comes from. His sister accompanied him to the hospital and he’s telling the doctor that he’s had his nose broken twenty or so times, and the doctor is saying “You couldn’t possibly have had it broken.” And Craig says: “I sew myself up when I get injured.”’ What his mother said connected with something I’d noticed. In what he said, he often went further than he needed to; further than he ought to have done. He appeared to start with the truth, and then, slowly, he would inflate his part until the whole story suddenly looked weak."

he was basically called a compulsive liar and narcissistic sociopath by is own mother.

[Anonymous No.16476473]

>>16475566
Just read sorce code of BTC:
https://github.com/trottier/original-bitcoin/blob/master/src/main.cpp
// FAT32 filesize max 4GB, fseek and ftell max 2GB, so we must stay under 2GB

[Anonymous No.16476506]

>>16476473
that's pretty hard limit. btw it was also satoshi who put the 1mb limit in place. because he was eventually persuaded it was necessary as dos protection. you can maybe remove this dos protection on a majority hash chain where hashpower is well distributed. but if you remove it on a shitfork like sv the consequences can be quiet dire.

the only thing saving sv is probably the lack of well established futures market where you can short it big time.

[Anonymous No.16476523]

>>16474554
>>16474565
Awesome post OP! Now post the Indian one. Where there is a vishnu in the blockchain.

[Anonymous No.16476537]

>>16474554
Based true and 100% accurate

You forget to mention that the flaw in LN is there and he exploited it on the 15th of November.

[Anonymous No.16476569]

>>16474554
>He takes pills

Have you heard about hashrate anon?

Its in a bubble.

[Anonymous No.16476578]

>>16476506
one more funny thing: https://github.com/bitcoin/bitcoin/blob/master/src/primitives/block.h
the block header does not actually contain the size of the block so you can use a valid block header and spam the shit out of the network with a bloated invalid block. clients will only realize when they ran out of memory and crashed that something was wrong.
even if you start validating the merkle tree as you download it someone can just bloat a single transaction to gigabytes and unless you download it all you can't check any hash.

[Anonymous No.16476593]

>>16476537
must have been some exploit that noone noticed.

[Anonymous No.16476652]

>>16476578
which means miners can't actually regulate max block size effectively after all. not even on a majority hash chain let alone on a shitfork anyone can 51. oops. one more curry cashie fallacy gone.