Crypto-Currency Calm Before The Storm | Zero Hedge
Description: "This is the calm before the storm: the governments are studying it, and studying the masses to find the means to take control of it..."
Keywords: Zero Hedge,Zerohedge,Finance,Economics,Markets,Politics,Analysis,Bitcoin,China,Federal Reserve,None,Real estate
Date: 2017-10-21T00:00:00Z

### How Times Have Changed

by Tim Knight from... - Oct 20, 2017 8:22 PM

Miniature monkeys. Door-to-door shoe salesmen. Sundial watches. It's all here, and it's all from an era long ago.

### 3 Stories That Show Big Brother is Alive and Well

by TDB - Oct 21, 2017 11:17 AM

The United Kingdom actually proposed jailing anyone who even views extremist content online for up to 15 years!

### Latest Fear Mongering About Self Sufficiency: Salmonella in Backyard Chickens

by TDB - Oct 20, 2017 3:05 PM

If these numbers are accurate, it means the risk of salmonella is actually lower for backyard chicken farmers than for the general population.

# Crypto-Currency Calm Before The Storm

by Tyler Durden
Oct 21, 2017 8:40 PM
0
SHARES

Authored by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces) via SHTFplan.com,

The United States (and the world) has been using the worthless fiat federal reserve note that is not backed by any true tangible asset. The only backing is not even the “full faith and credit of the United States government,” because the government is too far in debt to have any credit. Faith disappeared a long time ago: our faith in elected officials as public servants. Instead, they serve themselves upon the labors of the public, and the public services them, in every sense of the word.

Cryptocurrency is an illusion. The new “shell game” is to replace one illusion…the fiat currency…with another illusion, the “bitcoin.”

Russia announced last week several measures to “deal” with the Cryptocurrency…first, by issuing a Crypto-ruble. If you read the fine print, the Russian government is moving in to tax and regulate it, at a rate of 13% on trades for profit, as well as “Crypto-Rubles” that suddenly appear out of nowhere.

It won’t affect the Black Market as much, because 13% is going to be paid to turn a blind eye to the billions of rubles being stolen by the Russian Mafia and oligarchy alike. The gimmick here is for the government to take a chunk out of it: for now. The reason “now” is being used, is that eventually they’ll shift gears, pass legislation, and eventually outlaw private trading in it that is not government-sanctioned or government-approved.

A government is only concerned with perpetuating itself and maintaining power. The most basic way it does this is by controlling the currency of the nation, regulating it, and taxing the citizens. In the United States, it has been reported by several sources that JP Morgan Chase is going to embrace Cryptocurrency. Europe is well on its way to establishing a “Euro-BitCoin,” and China has recently relaxed some measures regarding it.

This is the calm before the storm: the governments are studying it, and studying the masses to find the means to take control of it.

The gullible masses are playing right into their hands. The problem with Cryptocurrency is not just in the fact that it is backed by nothing (a fool’s errand before it has been started), but there is no privacy. None. If the governments control and monitor all electronic and computer media, then there is no such thing as privacy regarding electronic currency. This will be the death of cash, and thus the death of any privacy for citizens.

There will be no hiding from the taxing authorities. All the accounts will be monitored: taxed on any growth, and every single penny accounted for. The government will know what work you do, for how much, and how much “Crypto-currency” you have in your accounts. All electronic, nebulous, unbacked garbage. How about a nice “glitch” where suddenly, your entire account falls to a zero balance? That “glitch” can happen anytime.

No, the politicians and the oligarchs will have gold, silver, real estate, mining rights and contracts, and ownership of every utility and municipal function upon which the public is dependent. Eventually the Crypto-Dollars will be handed out sparingly to “exchange for food, clothing, and to pay their bills,” and the whole thing is designed for one thing:

To keep the population at a starveling, subsistence level while those in power own everything, and them as well: Ruled by the politicians and oligarchs, fooled by the press and the religious pulpits, and killed by the enforcement arms of police and military.

In 1910, the meeting on Jekyll Island, Georgia took place leading up to 1913. It was then that the framework for the transfer of the power of the U.S. government over the nation’s currency to the federal reserve was established.

> “The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson.”

> President Franklin D. Roosevelt’s letter to Colonel Edward Mandell House,

> Fmr. Advisor to President Woodrow Wilson November 21, 1933

The aim is global governance. The Cryptocurrencies arose out of a desire to use something other than the dollar and other failing fiat notes not backed by anything. The irony is that the Cryptocurrencies are the vehicle for the globalists.

Once each nation has its Cryptocurrencies in place, they can “align” them, and virtually abolish all economic buffers and barriers…which will come crashing down just as the illegal aliens in Europe and the United States are destroying the borders, language, culture, and societies. The whole thing is trumpeted as a recourse, but it is nothing more than an extension of an Alinsky principle “organizing the organized.” At the right moment, the governments will swoop in, regulate, and tax these Cryptocurrencies.

Once cash is eliminated, hard assets such as gold, silver, and other resources will be simple to control. Where did you obtain that gold? How did you obtain it, and is it in our records?

The power lies in the receipt, the payment receipt showing where you obtained that product and how you obtained it…all based on POS (point of sale), the electronic monitoring of every expenditure at the register. The “successful” employment of Cryptocurrency will mean that the people have been completely duped and have handed all privacy into the control of the government. Once they control everyone economically, they will use that control to seize other aspects of daily life that are not regulated. They’ll know how much you make, where you work, and how much you have available.

Or what you think you have available, because in the blink of an eye, they’ll make your Crypto dollars disappear, and you’ll have no recourse, just as they have no accountability. If politicians steal money now, while cash still exists, think of how much they’ll be able to steal when everything is done electronically…when all the bankers and oligarchs are under their control/in a symbiotic-parasitic relationship and they can pass any law they wish. Cryptocurrency is a scam that will eventually lead to the final enslavement of the U.S.

- None
- China
- Federal Reserve
- Real estate
- Bitcoin

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lester1 Oct 21, 2017 4:08 PM

I was skeptical at Bitcoin too, then I educated myself like Peter Schiff should be doing. Andy Hoffman has been spot-on about Bitcoin. Bitcoin is a decentralized free market or you can move money from peer-to-peer and completely bypassed the banking system. It is basically the only free market left in the world. Central banks have not figured out how to manipulate the price because there is no paper Bitcoin or Bitcoin derivatives. That alone makes it extremely valuable Market. It's unfortunate that gold and silver prices continue to be rigged by central banks. Paper gold and silver should be illegal. Unfortunately it's not and that is why people are investing in Bitcoin.

I'm expecting Bitcoin to go even higher as more people find out about it. All the other cryptocurrencies are not worth investing in because their market cap is so much lower and it's hard to trust.

Kamehameha lester1 Oct 21, 2017 4:15 PM

I am in software. I think what you are missing is Bitcoin *is* software — the developers can do anything they like. The software can be hacked, the network can be hacked, and the transactions can be monitored, shut down, and blocked.

Did you see they split Bitcoin into 2 versions? That was just the change in the code. Same goes for the 21 million upper limit — they can change that whenever they want. Which they will, 100% guaranteed.

Four chan Kamehameha Oct 21, 2017 4:18 PM

if the neither jew nor the chinks cant destroy it bitcoin must be good is how i see it.

HRH Feant2 Four chan Oct 21, 2017 4:29 PM

Same here.

Gaius Frakkin' ... HRH Feant2 Oct 21, 2017 4:45 PM

What annoys me most about the anti-cryptocurrency people is that they offer no real alternative.

Their 'solution' is to keep using cash issued by the Fed while hoarding gold and silver until the world ends.

Maybe governments around the world will be able to destroy private cryptocurrencies. Maybe. Meanwhile we're stuck using a currency they already control and monopolize because God forbid something be done about it. It makes no fucking sense to me.

Winston Churchill Gaius Frakkin' Baltar Oct 21, 2017 6:56 PM

Blockchain CCs are not the answer your looking for,if the PTB don't already conrol it,they soon will..

We have been in feudalism 2.0 since 1913 and the parasites control everything at this point.

Fiat is not unbacked at all, its backed by lead, not gold.

To remove the psychopaths will take something as drastic as what caused the fall of feudalism 1.0 ,

that took a 50% population reduction caused by the black death,we are probably going to need 90%

this time around.Be carefull what you wish for.

tmosley Winston Churchill Oct 21, 2017 8:24 PM

Where is the teller window where I can exchange fiat for lead at a fixed rate?

mpnut tmosley Oct 21, 2017 10:06 PM

There is SOOO MANYYY things wrong with this article. I do not think the author knows much about Crypto-Currency other than to scare people from it. If the Gov't decides to make their own currency where they control and monitor whoever is holding it.. Private coins will again be the RAGE. Fiat and Gov't controlled Crypto will be the same thing. Monero is one which is an annonymous currency. ETC, and ETH will be going into ZKSnark and private / annonymous wallets. Crypto will always adapt to changes and regulations. You watch.

abyssinian mpnut Oct 21, 2017 10:14 PM

yep, this author is the same clueless clown on here bashing Bitcoin since it was at $200... lol

If the person knows how crypto/ blockchains/ bitcoin works, reading this article is like watching 3 stooges trying to fix the shower (love that episode) lol

tmosley abyssinian Oct 21, 2017 10:15 PM

Also the same guy opining about how we are all going to die next Thursday from a Yellowstone eruption.

marysimmons mpnut Oct 21, 2017 11:30 PM

Agreed. Very disappointing that Zerohedge would post an article written by someone so obviously clueless about the topic of decentralized, digtial currencies. This article has so many holes its really not worth the time or effort trying to refute. He seems to be confused between government or privately owned and controlled digital currencies, and true decentralized digital currencies, like BTC, ETH, Monero, Zcash, DASH, et al. Decentralized currencies can only be stopped by shutting down the internet, because they are, well... decentralized. For the clueless who insist decentralized cryptocurrencies are a scam, fraud, bubble, ponzi, whatever, then keep your wealth in fiat or go buy some PM's, equities, real estate, etc, and see how that works out for you over the next few years.

btClunker marysimmons Oct 22, 2017 1:18 AM

Send him a message like I did. Give him some of those recommendations.

OverTheHedge marysimmons Oct 22, 2017 1:18 AM

As someone who doesn't understand the intricacies, it seems clear that no government would touch a money system that can not be printed at insane rates, any time they want a war, in between wars, or leading up to a war. How would you fund a good war using a fixed amount of cryptocurrency? Having to mine your coins slowly, using arcane bits of computer kit seems an unlikely way to go about things.

Therefore, any government backed icoin must be increasable at the whim of the banks. (Also, how will any lending get done, if the banks have to actually own their bitcoin before making them available to the general public?)

All the coins that I am aware of (about 5 out of however many thousands now exist), specifically do NOT allow for mad printing binges, although a fork does look suspiciously like printing, to me.

GreatUncle Four chan Oct 21, 2017 7:16 PM

Been lookining into blockchain ignore bitcoin it is a distraction.

All your property everything will be controlled.

Currently in a bank account your money is controlled, blockchain will control all your assets.

A worse scenario ... but expected to get to the dark ages they have to go all in for you to realise only burning everything will kill the parasite.

Grave Kamehameha Oct 21, 2017 4:21 PM

maybe in "packaging" of software
because the rest of your post shows total lack of understanding of even the most basic functionality and design of bitcoin
do yourself a favor, study, research, learn (a lot)

OpenThePodBayDoorHAL Grave Oct 21, 2017 5:02 PM

So the supply of Bitcoin cannot ever be changed, not even by a consensus of 51+% of miners. I'm so glad to "learn" that...oops, too bad it's false.

tmosley OpenThePodBayDoorHAL Oct 21, 2017 5:13 PM

The market has to support the change or there will be a hard fork.

You have a bad attitude. You'll never become a better man like that.

kochevnik OpenThePodBayDoorHAL Oct 21, 2017 5:32 PM

When miners choose to debase their crypto, it will be due to Bolshevik meddling. In that case, move to more secure crypto. Such change will be public. Probably years prior notice

greenspanator Kamehameha Oct 21, 2017 4:42 PM

You might be in software but you are definitely not in crypto. I won't make you the favor to educate you on Bitcoin, fucking do it yourself, as the ZH writer should too. Bitcoin an illusion, my God.

Sabibaby Kamehameha Oct 21, 2017 4:45 PM

You must be in software sales then... You can look at the code on Github.

There might be splits but there will only be one bitcoin and why the hell would the supply be inflated? That moves totally against what bitcoin stands for. Educate yourself.

g1n3k Sabibaby Oct 21, 2017 6:03 PM

You can look at and read the code only before it's translated (compiled) into machine executables. Is there anyone who has actually strutinized translated code which runs on computer?

Sabibaby g1n3k Oct 21, 2017 6:06 PM

github is a repository of source code. When you run the bitcoin client (full node) on your computer -if you want to. You have to compile the code yourself....

Winston Churchill g1n3k Oct 21, 2017 7:12 PM

Writing hexadecimal code is a lost art except for some old farts like myself, doubt you will find hardly anyone that

knows what it is to do it manually anymore.That places another vulnerbility in the system, before you even start

to talk about NSA corrupted firmware and BIOS.

The whole hardware architecture is riddled with backdoors and spyware.That needs to be addressed before CC's

are viable, and then there's the OSs to deal with.Blockchains are but the tiniest piece at the end of a totally flawed

system.If you want to entrust your wealth to that, feel free.I'm not.

Sabibaby Winston Churchill Oct 21, 2017 7:51 PM

You know nothing about blockchain so why are you talking?

It makes you sound like an idiot.

GreatUncle Sabibaby Oct 21, 2017 8:00 PM

He who controls the blockchain whatever it is in will be king and you a mere pauper.

tmosley GreatUncle Oct 21, 2017 8:25 PM

Yes, the market will be king once again.

GreatUncle Winston Churchill Oct 21, 2017 8:03 PM

Not many like you left is there? +1 more here.

It is all a con to try and distract you from their behaviour.

It is not working.

jimbos world Winston Churchill Oct 22, 2017 12:16 AM

WC, you obviously have been around. I'm glad you wrote hex code and not me. lol!

While everything you mention about the current state of affairs is true, the open source revolution has just begun. FreeBSD, OpenNIC, DD-WRT, have all been around for awhile. Just not adopted by the casual web user/consumer.

It is not easy for the average joe to run a node or even install a wallet at this point. Fuck most traffic on the web is from tablets and mobile devices these days. Which are content delivery devices running proprietary OSes for sure.

My hope is the open source model quickly surpasses the corporate model as the trusted source for thinking people. Heard about Windows 10 lately? Or Apple's latest ridiculous change to iTunes? These companies are not happy about open source anything. They don't even want you to be able to fix THEIR hardware that YOU bought. LOL!

g1n3k Sabibaby Oct 21, 2017 6:03 PM

You can look at and read the code only before it's translated (compiled) into machine executables. Is there anyone who has actually strutinized translated code which runs on computer?

x86cowboy Kamehameha Oct 21, 2017 5:01 PM

I'm in software too. I think what you're missing is Bitcoin is *software*, a *network* (miners), and *data* (ledger) together. The great thing about a free market and competing currencies is that if Bitcoin decides to change the supply of Bitcoins, think what might happen. Do you think there will be a group opposed to this change? Of course there will be. Look at ETH and ETC. The market will choose and there's nothing wrong with that.

fbazzrea x86cowboy Oct 21, 2017 6:22 PM

i have a few concerns to which i would greatly appreciate yours or anyone else's input.

1) as the ledger expands won't energy/transaction costs continue to increase until all BTC has been mined at which point it will become a function of global energy costs which could be subjected to projected rising energy costs/shortages?

2) it's my understanding, which is probably incorrect, hence the question, that current miners are subsidizing this soaring transaction energy costs. what will happen after all BTC have been mined? who will subsidize transaction costs or will transaction fees more accurately reflect the actual energy costs of operating the distributed ledger?

3) is BTC an asset or currency? if asset, won't its inherent net value be similarly assessed as other assets whereas its benefits are weighed against its liabilities? what is BTC's unique niche? is there anything preventing a BTC2, BTC3, etc., diluting this market niche? if it is a currency and as some suggest, its price soars to $1M, then what is the practicality in spending .000001 BTC to purchase a gizmo if the distributed ledger costs are say, .000044? and as BTC's projected value and transaction volume increases due to growing global functionality, will fees increase commensurate with the number of distributed ledger entries? will it be possible that using BTC would be limited to high-ticket items due to the increased fees, restricting it from becoming a widely used currency?

i hope my questions are not too verbose as i'm shooting from the hip. i'm skeptic but not stupid. well, maybe, but i've not been able to sufficiently soothe my gut's mind telling me that BTC is a speculation, not an investment and as such, i pass. but if anyone can help me out here, i'm more than happy to join the party to $1M.

thanks!

Sabibaby fbazzrea Oct 21, 2017 6:37 PM

I can answer one question about energy usage. The most profitable mining companies are in places where energy is cheap. Think Iceland where the geothermal energy is free.

For addressing items that are inexpensive Litecoin -the little brother to bitcoin is being tailored to incorporate with bitcoin because it's costs to transact are much cheaper. The thing is, if you buy a widget from China that costs 1 cent, it will still cost more to have it shipped to wherever you live. That doesn't include the banker fees. So in the long run yes transacting in something so cheap will end up costing more in fees but the fees are still there with alternative currencies although probably not as affordable.

The niche of Bitcoin is that it's dectralized, same with litecoin and a few others. You can see the distribution for litecoin and others here -> https://bitinfocharts.com/litecoin/nodes/

This is where the nodes are reporting from via their connected IP address. Although this can be spoofed and VPN's can be used to change the location this gives you a good idea because nobodies trying to hide anything. Probably just like Tyler can see where we're all logging in from unless we choose to spoof our IP's

fbazzrea Sabibaby Oct 21, 2017 7:01 PM

thanks Sabibaby... on the BTC niche being decentralized, how is that different than all the others?

Sabibaby fbazzrea Oct 21, 2017 7:08 PM

It means that if a node goes down somewhere all the data from that node is contained on every other node. In computing terms a centralized network would be like a server/mainframe with computers all connecting to it to get their data. A decentralized network would be similar to a cloud network where if an earthquake happens in LA, the cloud stays up because it's data is also in Chicago, NY, Denver, Tokyo. With bitcoin and the blockchain, every single node has the same blockchain data as every other node so if there's a power outage (hurricane) in Puerto Rico, the data is on nodes in Miami, Bogota, Paris, Caracas, everywhere. So just because China bans it, it still exists the same way elsewhere (blockchain technology) but as you can see from the link I posted nodes are still running in China and Russia, but suppose China and Russia shut down port 8333 (bitcoin) then those nodes will can switch to VPN encrypted traffic. The idea is that since governments want to controll everything we'll use something dectralized that they can't control. It's like wack-a-mole, it will pop up somewhere else.

Sabibaby fbazzrea Oct 21, 2017 7:11 PM

If you mean how is it different from other crypto currencies, it's only different in that it was first. Newer technologies are somewhat better (faster, more anonymouse) but they don't have the same size network (nodes throughout the world) as bitcoin has.

1st on the block has it's benefits, but will it last? That's the risk involved.

Global Douche fbazzrea Oct 21, 2017 7:32 PM

Regarding #1, I'm curious how this will continue.. The ONLY solid solution I can offer is to split off the blockchain at some point whereas a) ALL BTC and related balances (from all chains BTC and those replicated, including BCH & BCG maybe B2X?) would be frozen at a particular block, with Bitcoin network freezing for a very short and defined period of time, then allow all existing transactions not frozen but transmitted during that time, to be placed into the succeeding block when reactivated. b) The existing blockchain to the frozen point would then be archived as initial chain(s) to be referred to as necessary, yet no longer have to be downloaded in their entirety as is the present case (this is done through a very short dataset of all existing balances which must be downloaded for every new core or related wallet where the entire blockchain must be accurate to reflect the proper balance), thus saving untold bandwidth, and c) the existing transactions as mentioned in "a)" become the first block in the second grouping of chains. In Other Words, 133Gb is a bit much for today's Core nodes to have to operate, but I'm still doing it today. I'd love to see it shortened in due course!

Regarding #2, It was understood essentially at the start that Bitcoin would use fees to implement miner's processing when BTC runs out. That should happen in year 2140.

Regarding #3, Asset = Value which may be banked if monetary or equated as such, whilst Currency = A specific means which payment can be transacted, such as fiat money. With that said, Bitcoin may well be equated as both. Government law will dictate this, but Bitcoin is truly international and people can sit and HODL their balances while politics change over and over and over again as we've seen with Russia, China, et al but Japan embraces it. Where it winds up is anyone's guess, but the roller coaster ride makes for much entertainment that you won't find on DirecTV or Dish!

fbazzrea Global Douche Oct 21, 2017 9:34 PM

thanks GD... #1 is helpful and gives insight as to how there can be "fixes" to evolve BTC into sustainability. #2 and #3 seem still iffy. and as SB said, being first in a space is advantageous but no guarantee.

so if i understand, technical issues regarding transaction time and node computing requirements can be resolved but market issues reek with uncertainty as there appears no clear advantage to future contenders.

i appreciate y'all responding and will probably regret not getting in but BTC just seems hyped too much right now. for sure, crypto technology is disrupting currencies and with smart contracts and other specific utilitarian applications, cryptos are sure to disintermediate bankers, lawyers, et al, but i'm going to stay on the sidelines amazed but sitting it out.

i understand a silver mine-to-market crypto is in the works to cut-out the bullion banks. now that's interesting.

Sabibaby fbazzrea Oct 21, 2017 9:38 PM

There are gold backed cryptos too, Xaurus or something like that.

Never hurts to put a little money into physical and little into bitcoin. Nobodies suggesting to put your life savings into either, just diversify.

fbazzrea Sabibaby Oct 21, 2017 10:24 PM

just diversify.

agreed. (:

the silver delivery crypto i was referring to was not like a gold-backed crypto such as GoldMoney offers, but a tool for industrial silver bullion users to purchase directly from the miners in a futures-like hedge.

GreatUncle x86cowboy Oct 21, 2017 8:06 PM

Turn the lot off for an instant, this is mark to mark of the marketplace and what do you hold in your hand?

Now never turn it on again.

I would rather do this and the method is correct, hold material, convert to crypto value trade the good and remove the crypto by putting back into material. No storing in a bank or even in the online crypto block chain because you hold nothing until it is back into material.

What that material is ... don't care ...

FoggyWorld Kamehameha Oct 21, 2017 5:03 PM

"Monitored" is a very big part of this that people tend not to want to think about.

Sabibaby FoggyWorld Oct 21, 2017 6:42 PM

You do realize you're posting on a message board using the Internet right?

screw face Kamehameha Oct 21, 2017 5:03 PM

....What Grid Down!

blentus Kamehameha Oct 21, 2017 5:48 PM

You are "in software"?

What the fuck does that even mean? It's retarded statement, which is supposed to make you look competent?

The whole fucking point is that Bitcoin *is* software.

Also, please, shut down a transaction. Or block it. I will give you 2 addresses (sender and recipient), and we can agree on time, and you go and block it. Ok?

Dumb fuck.

anarcode Kamehameha Oct 21, 2017 5:50 PM

$100,000,000,000.00 is on the line. I'd say that's pretty good incentive to get cracking!

Urban Roman Kamehameha Oct 21, 2017 6:09 PM

Well, then. That does it for me!

I'ma put all my retirement money in giant granite wheels. I hear-tell there's an island somewhere where I'll be rich...

Bunga Bunga Kamehameha Oct 21, 2017 6:48 PM

Since crypto currencies are open source any developer can change the rules of existing cryptos, but the users decide which rules to follow = consensus. Also Bitcoin is a permissionless system, that means there is nothing that can be hacked. Unless someone finds a backdoor in sha256 or ECDSA, which both have been around for a very long time. Bitcoin did not split into two, one group just changed the consensus rules, the other kept them. They forked off from the Bitcoin blockchain, but the resulting coin (BCH) is already more or less worthless, while the original, unaltered blockchain more than doubled in value since.

putaipan Bunga Bunga Oct 21, 2017 7:19 PM

genuine question from someone trying to keep up someone please answer ....

bunga- i think you are wrong .... after the fork the sewitty coin assumed the monicer and success of bitcoin. the original has become bitcoin cash with all the original attributes. this is how i understand it. as such, i have come to believe , contairy to popular opinion that bitcoin cash is the way to go and waaaaay undervalued.

anyone ,please?

tmosley putaipan Oct 21, 2017 11:13 PM

BCH proponents claim that it is the original, but that isn't really the case. The original protocol has been abandoned. The coins called Bitcoin and Bitcoin Cash are both forks of it.

I wouldn't go hard into BCH. I am holding the ones I got "for free", but that's it. If it takes over, fine, if not, I don't mind. Trying to be a maximalist and always pick the absolute best coin at any given time seems like a fool's errand to me. I say just hold some of the big coins and maybe put some into some smaller ones if you think they will do well. I'm overweight Bitcoin by a lot right now as I wait for more "free coins". I, and a lot of other people, will probably reposition come the 25th.

Global Douche Kamehameha Oct 21, 2017 7:13 PM

Good! Have you reviewed the entirety of the source code? It's openly available. What points of hack have you noticed?

Can you explain to the class how the network can be hacked in an peer-to-peer system where they peer each other? If yes, explain where the 51% attack can occur.

Furthermore, with the Blockchain, can you describe for us how these individual blocks are secured from one to the next? Especially useful is how they'll be "hacked"

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10-22 1:51: Fitch upgrades Cyprus to ‘BB’; Outlook positive
10-22 1:51: Fitch Affirms Italy at ‘BBB’; Outlook stable
10-22 1:51: RANsquawk Weekly G10 Central Bank Monitor 20/Oct: Fed's Powell...
10-22 1:51: RANsquawk Week In Focus: D-Day For ECB, Although Focus Also Falls On...
10-22 1:51: US MARKET WRAP: USD higher as tax reform hopes stokes risk sentiment...
10-22 1:51: WTI crude futures settle at USD 51.47/bbl, up USD 0.18
- The Fly
10-21 23:43: Walter Investment reaches agreement on financial restructuring
10-21 23:43: Tentative agreement between TimkenSteel, United Steelworkers voted...
10-21 23:43: FDA approves GlaxoSmithKline shingles vaccine with Agenus QS-21...
10-21 23:43: Another 20% gain in Morgan Stanley stock likely, Barron's says
10-21 23:43: Samsung has lots of upside driven by chips/screens, Barron's says
10-21 23:43: Lufthansa has more room to climb, Barron's says
10-21 23:43: Market pounds United, sees American/Delta as possibly safe bets,...
10-21 23:43: Caesars looks ready to grow again, Barron's says
- Street Insider
10-22 1:51: JPMorgan (JPM) Reports 2017 Mid-Cycle Stress Test Disclosure
10-22 1:51: J. M. Smucker (SJM) Declares $0.78 Quarterly Dividend; 3% Yield
10-22 1:51: Janssen (JNJ) Receives Two U.S. FDA Approvals For SIMPONI ARIA For Treatment of Adults With Active PsA or Active Ankylosing Spondylitis
10-22 1:51: Invesco Mortage Capital (IVR) Names Kevin Collins President and David Lyle as COO; Robson J. Kuster Departs
10-22 1:51: Connecture (CNXR) Halted, News Pending
10-22 1:51: Xencor (XNCR) Plans to Present Final Results from Phase 2 Study of XmAb5871 in IgG4-Related Disease at ACR
10-22 1:51: Connecture (CNXR) to Voluntarily Delist from Nasdaq
10-22 1:51: Zosano Pharma (ZSAN) Announces Stock Purchase Agreement with Lincoln Park Capital