03/1/13

Currency of the Cyber Economy

gAtO tHiNk- the bad evil hackers are the least of your worries, the real bad guys are the corporate geeks that want every click, every nuance of your digital life and they tell you it’s to give you a better web experience. WoW I didn’t know that selling all my information as I go from site to site is a good thing for me. How about if I’m sick and search for my medical problems will my insurance company want that information to raise my payments. You betcha they do!!!

I’m doing some Tor work now so I’m away from the hump and grind but I been changing my search engines because like google they know what I look for and they give me the same crap and then I switch to yahoo and soon the have me profiled then Bing, whoa!!! what a mistake but I expected very little from them anyway. They were robbing us blind back before Netscape days.

Think about those high tech security geeks they get paid big bucks to guard the hen house and you hear about a new hack every other day why because if you understand the “book” the same one every security geek get’s all those certification all teach the same old done thing and that’s their job to take the masses and control them but the ones that think for themselves are the true pioneers, the ones that dance to a different drum. Look I don’t have any certifications anymore and I know more today about the Tor network than most people around. That’s what interest me and that’s what I like.

The currency of information economy is going swell and the big corporate boys are all for selling everything you do so use Tor and be safe and have a little privacy. Be different and use the tools that work for you and keep your digital breadcrumbs to yourself. I know your not doing anything wrong and you don’t have to prove it to anybody. People say if I use Tor then people will think that I’m a bad guy. Oh Me, Oh My do you really care about other’s control of you. It’s a propaganda war just to keep you afraid of Tor because with it they cannot sell your data. Don’t sell your click for free make them earn them -gATO OuT

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01/12/13

MtGox scam attempt

gAtO FoUnD a – Cyber Crooks – a user with the nick ‘torstatusnet’ dropped by today posting false claims that the MtGox is now on the .onion network.

Finally MtGox network Tor! Dear friends MtGox site has finally an anonymous site on Tor network Now it is possible to make anonymous transactions in the world’s largest portfolio of bitcoins. I thought they would never join the Tor network, but announced on her website that the new site is in http://6xjgdqlmvesefnkp.onion/. It seems that the MtGox guarantee confidentiality, and I think that will become the major tool for exchanging bitcoins … Pass by there and check …

So here’s the thing (It’s clearly a scam), took 2 minutes to figure it out.
First of all there’s NO official info from MtGox that they have a onion url.
Second is the error message that shows when you enter any random data into the login.
It routes you to this error:

http://6xjgdqlmvesefnkp.onion.bd.to/login.php

The system has an error. Sorry for the inconvenience, we will try to fix it as soon as possible. Thank you.
If you look closely at the onion url it routes a clearnet domain.

The system has an error. Sorry for the inconvenience, we will try to fix it as soon as possible. Thank you.

<!-- Hosting24 Analytics Code -->
<script type="text/javascript" src="http://stats.hosting24.com/count.php"></script>
<!-- End Of Analytics Code -->

Also the clearnet domain contains the following:

http://6xjgdqlmvesefnkp.onion.bd.to/

Your website is up and running!

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01/7/13

Happy Birthday Bitcoin -Book Release Jan 9

Happy Birthday Bitcoin – Available NOW-eBook -http://www.amazon.com/dp/B00AYA4SVS

bitcoin_cover_cut_02

Jan 9 new Book release -Digital Virtual Currency and Bitcoins -The Dark Web Financial Markets – Exchanges & Secrets

On this day Bitcoin turns 4 years old. As any 4 year old will tell you this has been a wild ride. From a little know digital currency to today’s acceptance into the legal banks and marketplace this little currency that could has shocked world leaders, stunned banking officials all over the world trading and is today in the $13.5-USD range.

Pierluigi and I (gAtO) first came across this when we were covering Wikileak problems and writing our first book – The Deep Dark Web – the cyber underweb we’re finding this new currency and using it because it was working and had no government ties. Bitcoin has been vilified by most governments but the US -UK and it’s ties to currency transaction systems like Visa, Mastercard, PayPal and others (IMF and SEPA, SWIFT to name a few)  became the shot heard around the cyber world.

On the one hand you have Anonymous and other hacktivist using it to show how it cannot be controlled and the other side is the European Central Bank (ECB) published a report in Nov-2012 about finding a solution to Bitcoins place in (FRB) Fractional Reserve Banking, the cornerstone piece of all banks to create money out of thin air.

Thomas Jefferson said: “I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restores to the people to whom it properly belongs”

Digital virtual communities have exploded in recent years – this phenomenon is enabled by social media and the changing world we live in. In some cases some communities have created their own currency for exchange of goods and services but it has expanded to outside their own circles to provide a new medium of exchange, creating new digital virtual currencies that are changing the world.  Bitcoin-Central is now the first Bitcoin exchange to become a bank with guarantee funds insured up to EU$100,000.

When the ECB published that report it was the white flag of surrender but also assurance that the bankers can still control some of it’s power. Let’s face it FRB is the biggest scam by bankers – as they explain this system it is done to expand the economy by freeing up capital that can be loaned out to other parties. WoW that sound so nice of them to do this favor for us in reality it set’s up the cornerstone or their financial profits from nothing.

FRB is were someone deposits 100 dollars in a bank they are required by FRB laws to keep 10% in the vault but now they can loan out 90% of that deposit because they got the governments (us the tax payers) to insure that $100 deposit in case they make bad loans or to make sure they get their bonus checks. So if you came back to the bank to get your money out and they squandered your money on bad loans or just shoddy business practice -oh well no problems – the government will pay you back with our own tax dollars. In other words they take my tax dollars and pay me back with it and then they increase my taxes so that the bankers can keep doing the same thing over and over again. No responsibility and to think that bankers are look up to by business and in persons to be highly respected and good citizens- right!

This is the biggest scam in history they have no responsibility, no reason to be wise and make good investments because they have politicians in their pockets. You know those people that we voted for that are supposed to represent us the people, no they represent these scum’s the bankers. The funny thing that they have no control of Bitcoins like fiat currency. They cannot just print more money up; Bitcoins are created in a way that revolves around MATH – Yeah most people hate math but this time it works so good that these bankers have tried everything in their power to control Bitcoin and other digital currencies and they cannot; they failed.

I will be the one to first tell you that Bitcoins as they are today will NOT be the answer only 21 million total Bitcoins will ever be created and the world needs a bigger unit to scale this for a worldwide monetary solution. Other digital currencies will still be created because of the Bitcoin experiment; and as the world becomes more digitalized we will see that government or corporate control currency solutions will not be trusted by the world community.

Look at Canada’s attempt at Digital currency MintChip at first it was hailed as a winner the first digital currency backed by a world leader like Canada. But somehow after much fanfare and lots of money spent they awarded the team with a the best solution and hid it from everyone – it went to the back room in the filing cabinet never to be heard again. In the 2 or so years that the Canadian took to develop this system it was convinced (by the global bankers) that this would not work. Canafa caved in to the pressure and MintChip is dead – DOA

Maybe the bankers told them to shelf it, it would setup the premise that other governments could do the same and if they can bypass the current system like SEPA or SWIFT or IMF or the World Bank you see they control the financial system and if they don’t like you or you pissed them off they will not allow your country to function in it. Control of the financial network is how the “evil global bankers” control the toy box.

We hope that our new book will open up doors and minds to the possibilities of digital virtual currency and Bitcoin worldwide.

This book explores the new digital currencies and how they are changing the world. When we were researching -The Deep Dark Web book we saw that some of the criminal elements were using this new currency Bitcoin but we also saw that legit business were also adapting to this new currency. We hope to help you learn what is happening with this new currency we cover -Who uses this currency -What are the financial aspects – Governments, Business, Merchants and Criminals. In all we hope to guide you with some of the questions you have.

This book will be an invaluable resource for cyber security professionals, financial policy-makers, business experts, lawyers, merchants, scholars, and researchers, this book provides a comprehensive research from a International cyber security  perspective, technical, and financial implications of the new digital virtual currencies.

 

keywords- digital currency, bitcoins, bitcoin, buying bitcoin, alternative currency, decentralized currency, e-currency,  cryptoxchange, online currency, money, bit coin, cryptocurrency, crypto-currency, bitcointalk, bitcoin talk, exchange, usd, euro, market, bitcoins, transaction, transfer, credit card, bit coin mining, gpu,  virtual currency, cryptopunk, Digital virtual currency,

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01/2/13

Bitcoins are Under Attack

gAtO tHiNk - the monetary system is f%^k and so are we.  My good friend Pierluigi and I have been busy putting together a new bookDigital Virtual Currency and Bitcoins – coming out in a week or so and the picture of the state of all currency is really in bad shape. Virtual currency is not new it is more a transactional system than currency but unlike PayPa, Visa, Mastercard with Bitcoins you can become a miner and create your own coins. check it out- https://blockchain.info/nodes-globe 2002_currency_

I have include the table of content so you can see our approach to understanding what is happening and the war that global bankers ar wagging on this new system of currency. Why are they fighting it so hard because more people are beginning to see that a currency that is not control by global bankers and by the people and for the people is a better solution. Of course they are vilifying Bitcoins but as other systems have tried to get their teeth into this new worldwide currency Bitcoin come out on Top.

We hope that you will gain some knowledge from our newest venture into this mad, mad world of money- as they say “Follow the money” and we did but I can tell you the more I learned the madder I got that we have been tricked into thinking that the global bankers are the good guy. Facts is the world is in debt over 10 times over just on interest alone. The world owns more than we create – THE WORLD not a nation. and if look real hard 1% of the people control 40% of the wealth in this world. It is not a national issue it’s a world issue.

We are just cyber security professional but this has been an eye opener as we see the Monterey Market System as a sham to keep the people of the world in an ever ending debt -gAtO OuT

You can pre- order just send us a message-

Table of Contents

Foreword 

Digital Virtual Currency and Bitcoins

   Digital virtual Currency Steps In: 

1. What is Digital currency: 

Digital Currency:

Shadow Economy

   System D and technology 

   The Cyber Underground 

   Black market payment 

   Perfect Money 

   Liberty Reserve 

   Webmoney 

   Pecunix 

   Voucher-Safe 

Digital Currency -Trust Thru A Consensus 35

Where does Digital Currency get it’s value? 35

   Trust Thru A Consensus 37

Cyber-War Digital -Vs- Global Currency 39

Cyber Death Of The Banking Industry 42

   Those that control the quantity of currency have all the power. 42

   Cyber Fixed Rate Exchange 2012 43

System D- Bitcoin’s Underground Economy 47

Digital Currency and Policy Makers 50

   American Express Gamer Digital Virtual Currency 50

   Facebook Credits 50

   Google Bucks 51

   Moba-coin 51

   Mastercard 51

How a bit coin Transaction Works: 53

   Iran and Bitcoins: 53

2. Who uses Digital Currency 55

Bitcoin -Vs- Evil Global Bankers 55

   Credit Cards 2 BTC-Bitcoin – BTC-Bitcoin 2 Credit Cards 55

Case Study Black Market Silk Road 57

Money Laundering in -The Digital Virtual World- 63

   Games: 63

DC -Digital Currency – Launder CASH to Bitcoins 64

USD (Major banks, 7-11, Walmart, CVS) 64

Bitcoins cannot be traced back to the Owner 65

Happy Satoshi Nakamoto -Bitcoin- Day Nov 1 67

   money $$ with – NO GOVERNMENT  – NO BANKS 67

Underground Financial Networks 69

   Reloadable Debit Cards - Basics 69

Western Union /MoneyGrams Basics 71

   E-currency Basics 73

   Trust Networks Basic 76

   Borrowed Bank Accounts / Underground ATM cards 77

   Mule Networks 78

Global Bankers Fear Bitcoins 79

   European Central Bank report October 2012 report: 81

Secure Bitcoin Trading Online 84

   Introduction: 84

   Credit Cards 2 BTC-Bitcoin – BTC-Bitcoin 2 Credit Cards 84

   Creating a secure identity: 85

   Setting up OpenPGP email 86

   Use Bitcoin-OTC 87

   Using the Web-Of-Trust 87

   Use an escrow 88

3. Digital Currency Financial Stuff 89

Bitcoin and Forex Trading 89

   But really let’s take a look at FNIB – and Bit4X – 90

Bit4X – the  new kid on the block – 90

Digital Currency 92

Top Ten Bitcoin Financial Charts 92

Virtual Currency Schemas 

Virtual Currencies and banking, disaster or opportunity? 98

   Price stability 99

   Risks to financial stability 99

   Risks to payment system stability 100

Bitcoin Still Up 137% YTD 2012 102

   Geek Stuff – API to Bitcoin Block 103

Buying bitcoins 104

   Major Exchanges 104

   Exchanges are listed in alphabetical order. 104

   Fixed Rate Exchanges & Others 118

   Direct / Bulk Buying 123

   Other Financial Services 123

   Physical Bitcoins 124

4. Legality of Digital Currency 125

Bitcoins entities and possible legal responsibilities 125

Law enforcement and financial institutions against bitcoins 127

Legality of Bitcoins-Digital Currency? 130

   Virtual Currency Real or Not 130

2012 timeline of the legality of Bitcoins around the world: 133

5. Governments and Digital Currency 142

Government -Vs- Bitcoin Anonymity 142

Canadian Mintchip And Bitcoins -Whats Up 147

   The MintChip System 148

   Hosted MintChip (Cloud Account) 148

   Transactions-Sender and Receiver 149

   MintChip Value 149

   Sustainability 150

   Architecture 150

   The MintChip – Value Creation 150

   The MintChip – Security Overview 151

6. Business and  Digital Currency 152

Merchant Tools for Digital Virtual Currency 152

   A basic overview of the Payment Gateway follows 153

   List of Features and Advantages 153

   Mt.Gox “Pay Now” Button 154

   Now supporting Magento! 154

Mt.Gox instant Merchant API 155

7. Cyber Crime Digital Currency 156

Cyber Crime Digital Currency 156

Cybercrime and Anonymous Cyber Economy 158

   Impact of digital currency schema on financial ecosystem 158

Digital currency schemas 160

Money laundering 165

Theft of digital currency 170

   Malware, the new generation of digital robbers 174

   Bitcoin Botnet Mining 176

   Deep Web, Botnet and Bitcoin mining … a dangerous mix 183

Counterfeit digital currency and double spending attacks 190

   A race attack 192

   The Finney attack 192

Bitcon and money laundering 194

   Simple scenarios for money laundering 196

How To- Digital Money Laundering 199

   Digital Currency ExchangeExchangers 2010 202

8. Bitcoin and Digital Virtual Currency 204

Get a Bitcoin Wallet and Make FREE-BitCoins Yourself 123 204

   My Mining Machine 205

Bitcoin Miners Pools and how it works – 206

Bitcoin Wallet 210

   Who, What and Where is a Bitcoin Wallet? 210

Bitcoin Qt 211

The beginning of the Bitcoin question 214

   What is the Bitcoin Distribution Network? 214

   Analysis of the model 216

   The model 216

   How does Bitcoin work? 218

Bitcoin  exchange operates as a bank 222

Welcome to the Dot-BIT project 226

Miner: 226

   Current Miners 228

   OZCoin – http://ozco.in 228

   P2Pool 229

How Anonymous is Bitcoin? 231

   What Users Can Do To Increase Anonymity 231

Bitcoin Mining Scam 233

   The Bitcoin Miner Scam 234

   Bitcoin Scam -How does it work? 235

Satoshi Nakamoto, the manhunt 238

   Who developed Bitcoin Virtual Currency Schema? 240

9. Future of Digital Currency 246

Bitcoin and Digital Currency in the New World 246

Dominate The Future With Bitcoin 248

10. Geek Stuff Digital Currency tools and tricks 256

Address Tags 256

   What Are Address Tags? 256

gATO Mining Rig – Information 258

   ATI Radeon HD 4670: 259

Bitcoin Miner for Websites 260

   Quick Start Guide to add the Miner to your website 260

   Explaining the Miner to your visitors 261

   Fees 261

   Requirements 262

   Advanced Usage 263

 

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12/23/12

The Future of Bitcoin and Digital Currency

gAtO ThInK -Bitcoin is fast becoming the new payment system of the cyber revolution. Just like Paypal it became a new virtual currency where anyone can stash their money and receive and make payment (a digital Bank). Notice that I did not say currency, why because it just like Paypal and we don’t call then a currency?merchant_Cards

PayPal enables any business or consumer with an email address to securely, conveniently, and cost-effectively send and receive  payment online. Now Bitcoin is doing the same thing but with a digital encrypted wallet, low transaction fees and I can even keep it in my smart phone or device and used it anywhere I need it. What’s the difference is my question why have the status-quo labels Bitcoins evil, because the underground uses it, no because the bankers have not figured out how to make money on it. The Central Europe Bank in charge of the EURO is already looking into Bitcoin Fractional Reserve Banking rates.

So they say that Bitcoins and other digital virtual currencies are evil and used by criminals. Pay pal is being used by millions of cyber criminals everyday so is Visa, Mastercard and SEPA and SWIFT. So why don’t we go after them, maybe gAtO is dumb but we should go after the criminals not the currency. When they counterfeit paper money we trash the paper but we go after the criminals. Thats why I don’t understand the reason to vilified a process, a system that works, is secure encrypted and safe, it can’t be counterfeited, they can’t double spend it. The only conclusion after many months of research is simple the bankers cannot control it and lose power.

The 1% the plutocrats of the world control all the currency and transaction system. They have sold us the fairytale that they are protecting us the consumers, the people. The financial people all tell us that they do everything in their power to protect us when in fact all they care is about you in debt and there profits and bonus checks. Every corporation is under law to provide the maximum profit to their shareholders, they will announce massive layoffs of people and their stock prices rise every time they do that.

Where are the companies that care about the people they employ, where are the companies that really help the community where they are. We hear about offshoring and using slave labor at Apple manufacturing plants and then we hear about 6-8 hour lines to purchase those same product. I want to blame the hipsters for wanting their new toys from child labor camps then asking if the organics vegetables are pure without pesticides. But I type away on my Mac so I’m just as guilty as anyone else.

Digital currency / transaction systems- Bitcoins-BTC – Liberty Reserves – WebMoney-WMZ – LiqPay – QIWI – PayPal – OKPay – Payza/AlertPay – Yandex – UKash vouchers – SEPA bank transfer.

It’s the current or existing state of affairs that the financial people want to protect they hate this change because they cannot control it. They know the loop-holes and how to hide their fortunes and something like a Bitcoin is a shot heard around the world and you know what people are listening -gAtO OuT.

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12/9/12

Get a Free Bitcoin-Wallet and Make FREE-BitCoins 123

OG Bitcoin Miner circa 2011 old school

gAtO wAnTeD - to learn from the ground up how to set this up and how to make BTC Bitcoins easy as 123.

1.) Get a wallet! https://blockchain.info/wallet/ Your wallet will be kept online and your password encrypts it. So you can never loose your wallet and it can be transferred to another wallet like one you can install on your computer.

2.) Bitcoin Miner- – Easy Windows/OSX – Download GUIMiner: WINDOWS GUIMiner, or OSX GUIMiner once installed this is your gateway to Bitcoins – you have now two options -

  • a. Bitcoin Mine for a Mining Pool -I’ll give you info below about Mining Pools
  • b. Bitcoin mine as a SOLO miner – this is one way to do it and you can also get transaction fees this way too that as a miner for a pool you usually don’t get any credits for this in Pools.

3.)There are FREE bit coin games and scams for getting FREE Bitcoins – I played with a few but it’s not worth the time.  Get some Free Bitcoins: There are lots of scams but one that pay’s out is- http://www.bitvisitor.com/ Now this one is easy you just watch an add for 5 minutes then you click next – and you will get your Bitcoins.

So there you have it 123 steps to making FREE Bitcoins. Now I left out so many details that I will include in my upcoming book – Digital Virtual Currencies and Bitcoins”- Release Jan 9, 2013, but it fun and pretty easy of you follow these simple steps. As to why and the how let me back up a bit — you can go play with your Bitcoin miner but here is a little background information.

Most Mac’s OSx computers can become a miner real easy and since it’s like on my Mac using the Video Radeon HD 4670 – I’m getting about 15Mhash/s. I checked my CPU, memory and general and I see very little slowdown on my system. I also installed smcFanControl on my system to keep my system cool. So I know at all times how hot my system is running and I can adjust the fans to keep it cool. I run about 98-100 normal on my workday and I seen about 106-108 the highest temperature so far. I see more temp change when I’m in a Flash centric environment. Ok I open up about a dozen apps at a time but I only use one at a time..

Mac-  3.06 Ghz Core 2 Duo ?4 gb 1067 Mhz – ATI Radeon HD 4670-256MB – osX Lion 10.7.5

On a PC Windows machine – my sons system I only get about 4.5 Mg-hash but I only run it once in a while when he’s at school but that baby uses up both GPU on the system to about 80% and I felt the heat but I had no easy way to monitor his system temperature.

Windows System 7- EVGA nForce 680i SLI Motherboard – T1 Version, NVIDIA nForce 680i SLI, Socket 775, ATX, Audio, PCI Express, SLI, Dual Gigabit LAN, S/PDIF, USB 2.0 & Firewire, Serial ATA, RAID

1DhBiBeYD4JNZvim4EefnEoFV2WMFc7e5d- my Bitcoin wallet if you want to send donations for testing. Anyway I hope this easy 123 guide will help you get into the Bitcoin currency. We have more informtion coming in January 9 so stay tuned - gAtO OuT  

BTC-Bitcoin can be converted to – these and many more - Digital Virtual Currencies and Bitcoins”- Release Jan 9, 2013. you can pre-order – .. mEoW

US Dollars - 

Thai Baht - 

China CNY - 

Israel ILS - 

Argentina ARS - 

Brazil BRL - 

Czech Republic Koruna CZK - 

Euro EUR - 

SEPA bank transfer - 

German  Western Union, Moneygram,

ref -

BTC Canada – How 2 page – https://btccan.com/gettingstarted.php

—Bitcoin Miners and how it works – I am using BTC Guild but I want to lay with Slush and other since they are in the top Pools – But maybe a SOLO miner is my calling..ummm mEoW -mEoW

Name Location GH/s[1] Merged Mining[2] Reward Type Transaction fees PPS Fee Reward Fee Protocol Launched Difficulty[3] Forum Website
50BTC Germany 5100 No PPS[4] kept by pool 3% getwork 2011-11-11 1 1 Link
BTC Oxygen EU 1 No PPS kept by pool 0% getwork 1-11-2012 1 1 Link
BitArena Romania 1 No Prop. kept by pool 0% getblocktemplate 2012-09-22 1 1 Link
Bitcash.cz Czech Republic 5 No Prop. kept by pool 0% getwork 2012-09-14 1 1 Link
BitClockers USA/EU 250 NMC PPS kept by pool 8% getwork 2011-05-27 1 1 Link
Bitcoin Mining Pool USA 70 No Prop. kept by pool 0%[5] getwork Unknown 1 1 Link
Slush’s pool (mining.bitcoin.cz) EU/France 2000 NMC Score shared 2% getwork, stratum 2010-11-27 Dynamic 1 Link
Bitcoins.lc EU 60 No Prop. kept by pool 0% getwork 2011-05-27 1 1 Link
Bitparking USA 130 NMC, I0C, IXC, Devcoin PPS kept by pool 2.5% getwork 2012-01-08 Choosable[6] 1 Link
BitMinter Germany 2000 NMC PPLNS shared 0% getwork, getblocktemplate 2011-06-26 1 1 Link
BitPenny USA 4 No CPPSRB 97% shared 3% BlkPrep[7] 2011-02-08 8 1 Link
BTC Canada Canada 2 No PPLNS kept by pool 1.5% getwork 2012-08-08 1 1 Link
BTC Guild USA/EU 2300 NMC PPS kept by pool 5% getwork, stratum 2011-05-09 Choosable[6] 1 Link
BTCMine UK 65 No Score kept by pool 0% getwork 2011-03-11 1 1 Link
btcmp.com Germany 60 No PPS kept by pool 4% getwork 2011-06-28 1 Link
BTCWarp USA 50 No Score kept by pool 0% getwork  ? 1 1 Link
CoinLab Protected Pool USA  ? No PPS kept by pool 2-5% getwork 2012-08-09 1 1 Link
Coinotron Poland 70 No DGM kept by pool 0% getwork 2011-07-06 1 1 Link
DeepBit Germany 4200 No PPS/Prop. kept by pool 10% 3% getwork 2011-02-26 1 1 Link
Eclipse Mining Consortium USA/EU/AU/Asia 1900 NMC DGM/PPS kept by pool 5% 0% getwork, getblocktemplate[7] 2011-06-14 1/Choosable[6]/Dynamic 1 Link
Eligius Germany 300 NMC SMPPS kept by pool 0%[5] getwork, getblocktemplate[7] 2011-04-27 1 1 Link
Horrible Horrendous TT USA 15 No PPS[4] kept by pool 1% getwork 2012-08-29 Choosable[6] 1 Link
Mining Team Reddit (MtRed) USA/EU 650 NMC PPS[4] shared 0% getwork 2011-05-25 1 1 2 Link
MaxBTC USA 220 NMC DGM kept by pool 0% getwork 2012-03-15 1 1 Link
NMCBit USA 20 NMC PPS/Prop. kept by pool 6.6% 3% getwork 2011-08-01 1 1 2 Link
Ozco.in USA/EU/AUS 900 NMC on DGM DGM/PPS shared on DGM 4% 2% Stratum, getwork 2011-06-07 1 1 Link
P2Pool Earth (P2P) 300 Solo Mining[8] PPLNS shared 0%[9] Proprietary[7] 2011-06-17 Choosable[6] 1 Link
pool.itzod.ru Russia 420 No RSMPPS shared 0% getwork, getblocktemplate[7], stratum[7] 2011-08-01 Choosable[6] 1 2 Link
PolMine Poland 160 No SMPPS shared 1% getwork, getblocktemplate 2011-06-13 1 1 Link
Triplemining EU 90 No PPLNS kept by pool 0% [10] getwork, getblocktemplate[7] 2011-06-28 1 1 Link
pool.mkalinin.ru Russia 27 No PPLNS kept by pool 0% getwork 2011-07-20 1 1 Link
alvarez.sfek.kz Kazakhstan 3.7 No PPLNS kept by pool 0% getwork 2012-04-19 1 1 Link

 

  1. Reward types & explanation:
  2. DGM – Double Geometric Method. A hybrid between PPLNS and Geometric reward types that enables to operator to absorb some of the variance risk. Operator receives portion of payout on short rounds and returns it on longer rounds to normalize payments. [1]
  3. Prop. – Proportional. When block is found, the reward is distributed among all workers proportionally to how much shares each of them has found.
  4. PPLNS – Pay Per Last N Shares. Similar to proportional, but instead of looking at the number of shares in the round, instead looks at the last N shares, regardless of round boundaries.
  5. PPS – Pay Per Share. Each submitted share is worth certain amount of BC. Since finding a block requires <current difficulty> shares on average, a PPS method with 0% fee would be 50 BTC divided by <current difficulty>. It is risky for pool operators, hence the fee is highest.
  6. SMPPS – Shared Maximum Pay Per Share. Like Pay Per Share, but never pays more than the pool earns. [2]
  7. ESMPPS – Equalized Shared Maximum Pay Per Share. Like SMPPS, but equalizes payments fairly among all those who are owed. [3]
  8. RSMPPS – Recent Shared Maximum Pay Per Share. Like SMPPS, but system aims to prioritize the most recent miners first. [4]
  9. CPPSRB – Capped Pay Per Share with Recent Backpay. [5]
  10. Score – Score based system: a proportional reward, but weighed by time submitted. Each submitted share is worth more in the function of time t since start of current round. For each share score is updated by: score += exp(t/C). This makes later shares worth much more than earlier shares, thus the miner’s score quickly diminishes when they stop mining on the pool. Rewards are calculated proportionally to scores (and not to shares). (at slush’s pool C=300 seconds, and every hour scores are normalized)

 

 

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12/3/12

Bitcoin and Policy Makers

gATO ReAd- that holiday madness spending increased by 35% by smart mobile devices – like phones and Pad devices these new devices are also the target of digital currencies everywhere. Companies see the need to integrate digital currencies no matter what into their revenue stream. Here are a few attempts:

American Express is the first financial giant to enter the Digital Virtual Currency game, it has payed 30-mill for Sometrics – a game money processor gamecoins.com so AE has taken the first steps into Virtual Digital Currency it see’s a future in this new revenue stream and their rewards packages so it’s a fit made in gamer heaven and American Express customer base.

American Express Gamer Digital Virtual Currency

Facebook is also on the fast track to makes it’s Payment business grow it’s Facebook Credits. The requirements for money transmitter licenses vary from state to state but in the global scale Facebook is ready to get it’s digital virtual currency into the Facebook arena.  From FaceBook filings -Payments. We provide an online payments infrastructure that enables Platform developers to receive payments from our users in an easy-to-use, secure, and trusted environment.

Google Bucks stopped short of launching – Google still made the code available- “bitcoinJ” still stand tall in googles codebase  — http://code.google.com/p/bitcoinj/  — .

Moba-coin In Japan DeNA available to players in the Mobage Digital gaming reports second quarter earnings – bringing in 700 million in Japan alone. Moba-coin rose outside Japan to about 30 Million. DeNa reports a 45% year to year 627 million up 38 percent over operational profits. Digital currencies are popping up everywhere local, regional to worldwide. Mastercard is also on the gray area of a deal in Bitcoin with BitInstant.com they are one of the gatekeepers of the Digital Virtual Currency marketplace and into Bitcoins -BTC -BitStamp, -DWolla or Mt.Gox and many more like a simple MoneyPak from Walmart and your in the Bitcoin business it’s that simple..

Bitinstant is one of the leaders in Cash to anything:

MoneyPak From:—  MoneyGram – CVS – Jewel/Osco – Duane Reade – Stater Bros. – Albersons – Walmart -

A Bitcoin WALLET is simple as apple pie – all Bitcoin are numbers/letters you want to send me some Bitcoins – HERE – 1DhBiBeYD4JNZvim4EefnEoFV2WMFc7e5d -  send it to my wallet. Were is my wallet well Online- you can have a wallet on your computer and of course have a paper backup of your primary key. Or you can us a service to keep your wallet but you have it encrypted  and you can have a backup of your wallet to your computer and once again on paper. Since the wallet is only needed to connect to the p2p Bitcoin network well you can get you money anywhere you have a connection and at least your paper key backup. https://blockchain.info/wallet is a good Wallet service and one they have lots of Bitcoin information to boot and yes gAtO stores his wallet here. I trust them but I have a backup.

How a bit coin Transaction Works:

http://occupycorporatism.com/wp-content/uploads/2012/11/06Bitcoin-1338412974774.jpg

Then we hear about Iran and Bitcoins:

Hyperinflation has made Iraian money dollar-less so now they are turning to (DC) Digital Currency Bitcoins. The advantage is that they can be swapped for US currency and kept outside the country. Iran is not the only one – As we see in Syria there Internet closure not only does it stop communication but it’s slowed down money escaping the country into cyberspace. This is another way for a government to stop the Digital Currency from expanding but these are drastic ways that cannot be kept up for long. The Internet will come back and so will the new digital dollars like Bitcoins.

So Iranians are poking holes by using Bitcoins with VPN’s and Tor :No I been checking TorStatus and Yes Syria has no Tor OR at all and Iran has 3-4 open ToR and a few Bad ones. So Tor is not a connection but a new outlet is the Internet in a suitcase used by the U.S during the Arab Spring is the same pokes and peeks that the dissidents are using to get to the outside world. But the fact is that they can get around and register offshore accounts that are protected from the Iranian government or economy. If Iranian keep using Bitcoins when they come out of sanctions and restrictions they are a major Oil country and Bitcoins may be intrenched into their economy. What happens to this currency???

Bitcoin has come out on top of most attempts to stop it but on it’s 4th birthday Jan 9 2013 this 4 year old is ready to pounce the worlds financial markets. Now Belgium-based Society Worldwide International Financial Transfer (SWIFT) is one of the gate-keepers that must be challenged. They serve as an International Financial Law interpreters like it blocks any Iranian bank blacklisted by the EU Union from using it’s International payment system. Do you think SWIFT wants a competition like Bitcoins with just about 0% transaction fees- that cuts to much into it’s base income model. The velocity of transfer is being deleted more and more by new digital currencies Bitcoin is just one of the first to survive.

Yeah I’a a Bitcoin supporter now but it’s still beta ware people, 21 million Bitcoins we need Bitcoin 2.0 for a world market economy maybe google BitcoinJ is the model??? - gAtO oUt 

Virtual Currency

 

System-D

Google Bucks

http://code.google.com/p/bitcoinj/

FaceBook Credits

http://www.americanbanker.com/issues/177_35/facebook-credits-money-transmitter-license-bank-regulation-1046825-1.html

American Express

Sometrics – Game Dollars

http://techcrunch.com/2011/09/20/american-express-buys-virtual-currency-monetization-platform-sometrics-for-30m/

High retail sales expected to drive revenue growth

Canada’s MintChip

BitCoin

Mastercard/Bitcoin

http://www.forbes.com/sites/abegarver/2012/08/24/bitcoin-mastercard-everywhere-you-shouldnt-be/

 

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11/30/12

Canadian MintChip and Bitcoins -Whats Up

gAtO’s bEeN - checking out digital currencies and I find that The Royal Mint of Canada was researching a digital currency, they had a contest for developers witch gave the winners over $50,000 in .9999 gold. —/ Stop here so the digital currencies developers were payed in GOld not in their own currency or canadian money. Silicone Valley works with stock options and stuff for their geeks but -// I’ll give you the full tour below but the similarity to Bitcoin is uncanny.

Ok-OK a government watching it’s people transactions -umm I don’t like that // the real killer – 0% transaction fees. Do you think that the “kings of making money off transactions” Visa-MC-AE- Paypal – 1 1/2 to 3% transaction fees and the banks behind this would allow it. Reducing the velocity of money and NOT making money with free 0% transactions on digital money – the bankers did the math and the politicians killed this quite like…//

 

So what happens with MintChip – Canada’s Digital currency-  it has disappeared into the Bermuda Triangle of digital currencies holes – a news blackout. The only thing I found was The MintChip Challenge website – http://mintchipchallenge.com/updates (sad the awards were Oct. 25 -Not a word) Not a sound about a digital currency that a government is trying to use. Why the news blackout??

Canadian commissioned social-Impact researchers requested the immediate halt of the project due to concerns over marginalizing technologically-deprived Canadians. http://en.wikipedia.org/wiki/MintChip

So a social-economic reason is the only thing they can come up with right!!! The government gives out food and cash to the poor why not MintChip and why the news blackout I ask again. So while a Country try’s to build it’s own digital currency and FAIL Bitcoing is going up 135% in the last 3 months this must mean the people rather put their trust in the “ether” of Bitcoins and Miners and all the problems than a government back digital currency. mEoW

 

Now that is a statement by the people and for the people – People just don’t true government anymore but the questions of why and is more important -HOW this was kept so quite -mEoW – gAtO OuT

Ref:

http://mintchipchallenge.com/updates

http://www.delib.net/dblog/

http://www.royalmint.com/?promocode=W13G&__ja=kw:the+royal+mint%7Ccgn:The+Royal+Mint%7Ccgid:2446467505%7Ctsid:38842%7Ccn:Brand+%7c+USA+%7c+_Brand%7Ccid:71526745%7Clid:13878890%7Cmt:Broad%7Cnw:search%7Ccrid:12338821465&gclid=CJuG6amT-LMCFSFyQgodNEsA1Q

http://en.wikipedia.org/wiki/MintChip

The MintChip System

The MintChip digital currency works on the Internet, in the physical store, on mobile devices, and enables easy person-to-person transactions. You can choose to register an account in the cloud, download an application or obtain a MintChip device to transact in online and offline environments. The MintChip system is based on a direct asset transfer model that moves value between trusted stores without the involvement of any intermediary. Each participant has a trusted store loaded in an account in the cloud, mobile device, USB stick on a PC or a tablet.

Whether in the cloud, or inserted into a device that you carry, the core of MintChip is an integrated circuit that holds electronic value and transfers value from one chip to another in a secure fashion.

Hosted MintChip (Cloud Account)

A Hosted MintChip Store allows consumers and merchants to transact and manage their MintChip value remotely via a ‘cloud account’.

The operator of the Hosted MintChip Store manages a user’s MintChip store (account). The operator authenticates the owner of the store, and acts upon their instructions to move value into and out of the owner’s MintChip store (account).

Transactions

Sender and Receiver

A complete MintChip transaction always consists of two MintChip devices, a Sender and Receiver. A Receiver’s MintChip ID must be known by the Sender, this is the main purpose of the MintChip Request transmission.

MintChip Value

On receiving the value request message, the Sender’s MintChip creates the value message that represents a monetary value in transition. The value message contains the requested monetary amount and can only be consumed by the Receiver’s MintChip identified by its unique ID. The value message is digitally signed to protect against any tampering. Once the value message is created by the Sender’s MintChip, the MintChip’s balance is decreased by the corresponding value. This transaction is irrevocable. The Sender cannot stop or cancel the

transaction after the value message has been created. On receiving the value message, the Receiver’s MintChip verifies the validity of the message using the digital signature and the Sender’s public certificate embedded in the message. It also verifies that the value message is not a duplicate using the challenge value. If the value message is valid, the Receiver’s MintChip balance gets incremented by the amount specified in the value message.

 

Sustainability 

Designed by the Royal Canadian Mint, MintChip has been architected with security and trust at its forefront. The MintChip solution delivers privacy and convenience to consumers and provides merchants with a cost effective payment option that can easily monetize digital content. Just like cash, the MintChip system is based on a direct asset transfer model that moves value between trusted entities without the involvement of any intermediary.

There is no need to provide any personal information when paying with MintChip. MintChip payments are irrevocable and secure.

Architecture 

The MintChip ecosystem has been designed to emulate the existing coin distribution model, i.e. MintChip is minted by the Royal Canadian Mint and distributed into the market by a Trusted Broker, to be used by consumers and merchants. 

The MintChip – Value Creation

 

The MintChip system models the attributes of cash.

The MintChip Minter is the trusted entity that creates the MintChip value and which it puts into circulation by selling value to the Broker. The Broker trades MintChip value with the users of the system and MintChip value is exchanged with consumers and merchants. The Broker debits and credits the merchant and consumer bank accounts in exchange for MintChip value. Senders and Receivers are users of MintChip value and may be consumers, merchants, businesses, Government, etc.

 

The MintChip – Security Overview

 

The MintChip chip is a Tamper Resistant Module (TRM), sometimes also called a Hardware Security Module (HSM). The Value Transfer Protocol cannot be modified without detection.

The integrity of the TRM must be assured and the cryptographic mechanisms protecting the Value Transfer Message are adequately resistant to attack.

 

The chip used for the MintChip store must adequately represent a TRM.

The security of the chip (including firmware and software) is the greatest vulnerability in a MintChip system; therefore MintChip will use security-hardened chips with regularly planned security upgrades.

The MintChip system is deliberately designed for changes to both the chips and cryptographic mechanisms in a transparent fashion. It is even possible to force the expiry of a particular MintChip platform version.

Unlike other conventional electronic payment systems, MintChip does not have the same threat model. MintChip can operate off-line or on-line unreferenced to any trusted party and the payment is instant and irrevocable.

Recap

 

FuzionApps would like to bring this offering to the US, using our mobile app DeMerchant MintChip. By using a technology that’s already in place, we can bring this to the US Market faster that starting from research and development. The demand for electronic transactions is on the rise. Of all the offerings in the market, we believe this to be the most viable, assessable and secure. Contact Laquitta at demerchant@fuzionapps.com for a demo of our mobile app prototype.

FuzionApps, Inc.

1750 Northshore Drive Missouri City, TX 7459 (281) 403-1087

www.fuZionapps.com  – Point of Contact: Laquitta DeMerchant demerchant@fuzionapps.com

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Digg 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11/29/12

Bitcoin and Forex Trading

gAtO lEaRn-that FOREX means the foreign exchange market or currency exchange where one type of currency is traded for another type. —/ USD to CAN – United States to Canada currency. So Bitcoin is just another currency why can’t we get this running right. //and/or do we want real Forex in this phase of the development and adoption of digital virtual currencies??? So who is playing the game with BTC=(Bitcoin) and getting it right. Well let’s just say it is developing and the players are starting to get it right, “I think so Cisco”

Forex Trader

Bitcoinica is one of the first attempt to jump on a new technology and do everything wrong. clue: Any business in cyberspace and especially one that deals with money, make sure you have good security. How about make sure your password for your e-wallet is a good one (@#$%^&g(*rre#$%^1076#$%^) my favorite password free here use this you stand a better chance. If you want to read more about it see Ref: below but they are still around but the reputation was really damaged. They are a legend on the Bitcoin Forum on how NOT to do it.

But really let’s take a look at FNIB – and Bit4X -

FNIB has gone through fire and rain and have proven themselves to be real as anything in the virtual world is real. They have made great YouTube Video in a bunch of languages to attract the global and lucrative  Forex market with Bitcoin and Swiftcoin. What is Swiftcoin well they FNIB have taken the Bitcoin open source and tweaked it a bit and now they have their own digital currency, with their own miners they control everything. FNIB have down some excellent work and built great video on Youtube. They have stood against peers – Bitcoin Forum and survived but this morning -Nov, 29 0748 EST – I could not get to the website – It was working last night —/ problems /- we will have to see – if I was using their system and I could not get to the website or my trading platform and I have money in this account – I would be worried.

Bit4X – the  new kid on the block -https://bitcointalk.org/index.php?topic=114818.0  – Once again I have to go to the forum to see what the players are saying because they are always on top of everything Bitcoins and gAtO is only a beginner.  Nov, 29 0748 EST their site loads up quick – 3-4 page only – Yeah and they use an standard MetaTrader4 Forex platform so are they legit – this is only a few months old so time will tell if they flush out.

Mapping out the BitCOin

Mt.Gox is a Japanese company that is building trust and reliability in the Bitcoin community :Mt.Gox K.K. offers a unique service, facilitating the exchange of Bitcoins between users globally in the currency of their choice. Multiple currency markets allow users to purchase and resell their Bitcoins in up to 16 different currencies, along with the ability to securely store Bitcoins in a virtual “vault” for safe keeping. :

Once again I am not the best gAtO to talk about trading I only day traded in 2007-2008 and we all know how good that venture went but Bitcoin and Forex is a one to one relationship if you want to check out the Bitcoin charts  – check it out -http://bitcoincharts.com/markets/  - gAtO OuT 

—Digital Virtual Currency That are used in the- Currency Exchange’s

Liberty Reserves – WebMoney-WMZ – LiqPay – QIWI – PayPal – OKPay – Payza/AlertPay – Yandex – UKash vouchers – SEPA bank transfer – USD,EUR,GBP (Credit & Debit cards via Skrill/Moneybookers) – CAD (cash deposit at Royal Bank, Bank of Montreal or ScotiaBank) – USD (Redeemable code from Mt. Gox) – USD (Dwolla) – USD (OKPay) – EUR/DKK (SEPA and wire transfer) – USD, EUR, GBP, DKK, SEK, NOK (Cash or check in the mail) -

AED, DZD, EGP, IQD, ILS, JOD, KWD, LGP, LYD, MRO, MYR, NGN, OMR, PKR, QAR, SAR, TRL, TZS, TND, YER (CashU card) -

MXN, EYU, BOB, BRL, COP, SYP, MAD, GHC, ZAR, CNY, CAD, and more (UKash voucher) -  SLL (Second Life)Linden-Dollar – GoldMoney – Pecunix

USD: United States Dollar – EUR: Euro – GBP: Great Britain Pound  – AUD: Australian Dollar – CAD: Canadian Dollar – RUB: Russian Ruble  – PLN: Polish Z?oty

- SLL: Second Life Linden Dollar – GAU: Gold gram (Pecunix) – JPY: Japanese Yen – CHF: Swiss Franc – SEK: Swedish Krona – DKK: Danish Krone – NOK: Norwegian Krone – NZD: New Zealand Dollar

-Trust but Verify- is gAtO mOtTo.

Ref:

Bitcoinica – http://arstechnica.com/tech-policy/2012/08/bitcoinica-users-sue-for-460k-in-lost-bitcoins/

FNBI – http://www.firstnationalib.com

FNIB – Video – http://www.youtube.com/user/wwwFNIBco

Bit4X – http://www.bit4x.com/

  • Fixed Rate Exchange & Other Information
    • The following exchanges are either exchanges using a fixed rate based on other markets or are exchanges that enable you to redeem smaller amounts of bitcoins at reasonable rates:
      • AutoMtGox Convert your bitcoins to US Dollars automatically.
      • Bahtcoin Trade BTC for Thai Baht, cash, LR, Webmoney, or Thai mobile and gaming prepaid cards.
      • BTC China – Market for exchanging bitcoins to and from CNY, withdraw CNY (Tencent, Alipay) and USD (Liberty Reserve).
      • Bitcoil Exchange BTC for ILS with bank transfers in Israel
      • Bitcoin Argentina Trades BTC for ARS. Cash and bank transfer. No exchange fees.
      • Bitcoin Brasil Cash exchange that redeems bitcoins for BRL, USD.
      • Bitcoin Nordic Sell bitcoins with withdrawal to PayPal or bank transfer.
      • Bitcoinica Leveraged BTC/USD contract-for-difference (CFD) trading.
      • Bitcoiny.cz Trade your BTCs for CZK. No-escrow, direct person-to-person trading.
      • bitcoin-otc IRC trading marketplace will usually have people willing to deal for small and larger amounts using various payment methods, including PayPal, Dwolla, Linden Dollars, etc.
      • Bitcoin.com.es Trade your BTCs for EUR (Bank transfer).
      • bitcoin.de Trade your BTCs for EUR (bank wire, SEPA bank transfer, Liberty Reserve, Money Bookers), person to person, eWallet
      • bitcoin.local arranges for exchanging currencies in person with someone nearby
      • Bitcoins In Berlin Trade your BTC for cash-in-the-mail (EUR), in-person trande, Western Union, Moneygram, bank transfer or SEPA.
      • Bitcopia.com Sell bitcoins for (USD) cash in mail, check, money order, cash deposit, bank transfer, or dwolla. Buy bitcoins with cash deposit. Instant, live quotes based on Mt. Gox prices.
      • BitMarket.eu Trade your BTCs for EUR (SEPA bank transfer), GBP, USD, PLN, AUD, CAD, ZAR, ILS, CHF, and RUB as OTC with BTC Escrow.
      • BitMarket.co Trade your BTCs for Colombian Peso (COP) as OTC with BTC Escrow.
      • BitPiggy Trade your BTCs for AUD (Bank transfer).
      • BTCinstant.com Trade bitcoins for Virtual Credit Card (VCC, and specifically Virtual Mastercard brand) sent through e-mail.
      • BlockChain.info Convert bitcoins to MoneyPak straight from your Blockchain wallet (serviced from BTCPak).
      • BTC Buy Simple interface to trade your BTCs for Amazon, Barnes & Noble, NewEgg, ThinkGeek and Sears gift cards
      • BTCJoe.com Trade bitcoins for Amazon gift codes and iTunes (USD).
      • BTCPak EXCHANGE YOUR BITCOINS FOR MONEYPAK: SECURE, ANONYMOUS AND EASY!
      • btcx.se / Btcx Sweden || 0% above 80 btc || SEK || Bank transfers to most Swedish banks within 4-12 hours.
      • Canadian Bitcoins Buy/Sell Bitcoins in CAD and receive Cash, Cheque, Bank Transfer (TD Person Pay) or Interac.
      • Cartão BitCoin Convert your bitcoins to reload your debit card (offered to Brazilians, accepted at 10,000 locations in Brazil)
      • Coin2Pal Sell your Bitcoins and receive PayPal funds immediately.
      • Coinabul Trade your BTCs for Gold/Silver
      • Coinbase Sell bitcoins with proceeds delivered as a bank transfer (U.S.). Instant verification available for new accounts.
      • ECurrencyZone Cash out bitcoins to INR, BDT, MYR, SGD via bank transfer or cash deposited to your bank account. Also to Western Union, Moneygram, Citibank global funds transfer, Paypal, Skrill/Moneybookers, Payza/AlertPay, OKPay. Convert to digital currencies Liberty Reserve, C-Gold, Perfect Money, WebMoney and EGOPay.
      • FastCash4Bitcoins Sell your BTC and receive cash today. Over 100,000 BTC bought. Payments issued using your choice of PayPal, Dwolla, ACH (Direct Deposit), Bank Wire, Company Check, Cashier’s Check, or MoneyPak.
      • Mang Sweeney Use bitcoins to send remittance payments to the Philippines, in-person cash out in metro Manilla or from various remittance centers. Languages: English, Filipino.
      • Lilion Transfer Exchanges bitcoins for Liberty Reserve, Pecunix, AlertPay, Skrill/Moneybookers, PayPal, and more.
      • Nanaimo Gold Redeem bitcoins for Liberty Reserve (automated) or for money transfer, money order or direct deposit within Canada.
      • Spend Bitcoins Sell bitcoins for AUD (Australia). Redeem for bank transfer, AustPost reloadable VISA, bill payment and other various methods.
      • WM-Center Buy/Sell BTCs with withdrawal to International bank wire (USD, GBP, EUR/IBAN, RUB, AUD), Western Union, Moneygram, Liberty Reserve USD/EUR, Perfect Money USD/EUR, Pecunix, Paxum, c-gold, Hoopay, Anelik, Xoom, Skrill/Moneybookers, Neteller, cash, etc. 24/7/365 support in english, spanish and russian.
      • LocalBitcoins.com Location-based bitcoin to cash exchange.

 

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11/21/12

Bitcoin -Cyber Death of the Banking Industry

Those that control the quantity of currency has all the power.

 

gAtO tHiNkS -Here in America every dollar is created by a bank not the government. We have given the power to private bankers 6 times in our 200+ year history. The basic is the federal reserve prints all money then loans it to the U.S government. So every dollar create has debt/interest built into it from the beginning. 

This mean we owe money for every dollar created at birth then the bankers loan it to us to distribute but we pay them a debt/interest on that loan for every dollar. For the price of us owing debt for every dollar we then give the banker the privilege to loan out 10 times more money than they have (fractional Reserve Lending). They can now collect interest/debt on that too. They create money from a vacuum (a loan 10 x more money than they have in deposits) and we love the banker for it. After we bail the banking interest out of collapse they

gave each other bonuses – WOW they do have power and they throw it in our face the 1% control the flow folks so get use to it…

Digital Currency and Bitcoins

The purpose of this post is to look at currencies and how they apply into cyberspace. I am a cyber security person when we were working on our last book-The Deep Dark Web- we saw virtual digital currencies take off and start to revolutionize our beloved cyber world. When we saw more and more legit merchants and cyber criminals change their habits and go after the Bitcoin and all it’s power of non-repudiated transaction in the digital world we had to explore this. What we found is that plutocracy is at the very bottom of the problem… He who controls the quantity of currency has a all the power.

My first question was how does currency gets it value and we were surprised by what we found. Ever heard of a “tally stick” well it seems that a king in England spent all his gold fighting wars of course. So he needed to find some way to keep his kingdom alive so the invented the “tally stick” just a plain piece of wood that had notches on it and they would split the stick in half. One part for the banker and one for the person getting the goods and service and when they paid off their loans the “tally sticks” were re-united and we knew it was right.

So if we use a piece of wood “tally stick” or a piece of rock “gold” we can give the power of currency to anything even a math/crypto number (Bitcoin). Oh by the way England flourished very nicely with it’s “tally stick” since it was created without having interest first by the bankers.

Veteran4life

Those that control the quantity of currency have all the power

Debt is created with every dollar created by the Federal Reserve, it then is loaned to the government to pays it’s bills. We are cyber security people not financial people but this sucks. Why can’t we as a government create our own debt free dollars? Because the bankers all got together and created this system to confused the consumers into thinking that they were trying to protect us the people.

Once again: What we found is that plutocracy is at the very bottom of the problem… He who controls the quantity of currency has a all the power.

Plutocracy means ruled by the wealthy plain and simply and as long as the bankers pay off the politicians and have control of the money supply then they can reduce it volume of the currency and everything goes down. They can now purchase real assets very cheaply then they increase the currency by simply PRINTING IT and the values goes up and they have more money. Oh let’s keep the population  fighting against each other – The old divide and concur Democrats -Republican it’s all a scam to keep us happy in each party and control us – while they control everything they even fix the price of libor when it’s supposes to be free market and they have been found guilty and nothing can be done because they control the flow of money. They committed crimes by Libor manipulation and nobody has even got a parking ticket.

We have had a few virtual digital currencies but they have had their problems because they try to based it on gold, silver or banknotes. Bitcoin is so different because nobody can control the flow of Bitcoin. Bitcoins will become available thru mining using plain old math and crypto and that cannot be controlled. I guess that countries could become miners but there is still room for independent miners so Bitcoin presents a problem for them.

They tried to make Bitcoins evil when Wikileaks lost it’s funding from Paypal and Visa then Wikileaks  went to Bitcoins for support and they won and are still around. Even the european banks have reported this Oct. 2012 that if Bitcoins get more popular then Banks will be force to be excepted. Merchants will take any currencies that they can get for their goods and service and Bitcoins are now being accepted by more and more legit business so get ready cause Bitcoins are coming…

Now one of the bankers biggest fears has appears Africa is think of using Bitcoins as currencies. With all the problems that these countries have it’s people they can keep their moony in Bitcoins. Now if countries start to accept them then we have a big problem. And Bitcoins are coming in a physical way – people are selling Bitcoin denomination with a crypto m=number for the value of the bill or coin. Bankers are looking into this and we see the European Bankers association is already looking at Fractional Reserve standards for lending in Bitcoins. Of course Europe is adapting faster even as this new digital currency will just about eliminate transaction charges that banks and credit companies love so much for their bottom line. Bitcoins are a game changer – Adapt or Die – Look at the Record industry – look at the Publishing industry – Hay big Banker – Adapt or Die -gAtO OuT 

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