There's something to collective thoughts and actions. All of these investors are purely gambling in either greed or desperation, both being negative in nature. Combine that with the energy consumption and AI involved... We're talking possible heavy duty next level evils
lol no. were people who invested in the early days of the internet stupid and evil? no. bitcoin itself may crash but crypto currency is just getting started and theres money to be made if you study up.
Doesn't mean that it can't contain concealed processes. It would take some pretty advanced analysis of the source code to account for all the tasks the program goes through.
Source code that is open to analysis and scrutiny cannot contain malicious code. If it did, it would have become public a long time ago. Many security companies have looked at the code and found nothing. This is one of the reasons why the blockchain and subsequently Bitcoin has such value.
Well, that is not what OP is asking tho. He wonders if it is possible that a benign looking computation could be some kind of actual problem which somebody wants to solve with the help of the bitcoin network.
The point is you’re freely able to see if it is some actual problem, so instead of asking a forum you can go to GitHub right now and see that there’s no conspiracy.
Not sure if you really understand his question. Not everybody is able to "understand" something like this only by looking at it. Why would you suggest such thing? If he is a layman then looking at the stuff doesn't do anything for him.
I would also argue that the open nature of the project alone doesn't make a conspiracy unlikely. Smart people could certainly hide stuff in plain sight. The random nature of the computing chain is what makes this unlikely.
Just don't see how your comments are helpful. It is like saying the tax code is open to see for everybody now do your taxes. He was asking for insight...
I clearly understand his question. It’s just a rediculous question, giving all the audits of Bitcoin’s code that have been done over the years. He also could’ve easily searched what the hashes do, or what it takes to mine a block, instead of jumping straight to the extreme.
Not everybody knows this stuff. He was just asking a question as a layman. People make dumber comments in this sub every hour. At least his thought was interesting.
You don’t ask if unicorns are real just because you didn’t major in biology.
He’s asking if anyone can debunk it, which is ridiculous. The burden of proof is on him. If he wants to prove his theory, he has to do some learning first.
A lot of the people who suggest Bitcoin is a trap, has backdoors etc, don't have the math/programming background to understand it. Bitcoin is trustless if you are a scientist and can understand the code and the white papers, but for the layman, they have to "trust" that it all works.
Just putting this out there for some perspective. Back in the late 90s early 2000s, hacking satellite tv cards - specifically direct tv - was easy and a lot of people were doing it. Though most people had no clue how the hack worked, some of the smarter folks of the community understood and could adjust and update the hack when direct tv sent down a counter measure. They read what dtv was sending down and either bypassed or accommodated it. Anyways, the hackers were good - they came out with updates very quickly and kept the channels open almost all of the time. Then this happened. The hack coders saw the code, were able to read it and see what it would do, yet weren't able to comprehend the whole picture....
If bitcoin is a trap, this is how it would work: they create a currency that you secure by yourself, and with their exploits steal it from your computer, the currency is almost infallible, but it can be stolen, and they have the nsa
The trap is that sometime in the near future, Wall Street fuckers are going to short the living shit out of bitcoin. So I'd carefully watch the price and be ready to pull out before the crash. And I'd buy in right after because it's gonna go the fuck back up.
I see so many articles about how they predict it going over $50k then $100k to $200k. What a perfect way to get a bunch of people to buy in and then short it when it's super high. But if you play it right and get lucky you can of course make it work. Just don't bet your life savings.
My theory is it's the gateway to microchipping finances on people. Eventually all money is digital devolves into a one world currency. No chip, no buy no sell. Maybe not bitcoin itself, but in my eyes, this is the beta rollout.
I don't think there is a possibility for this to be true.
The algorithms are known
The "tasks" are based on the "tasks" before them, which are random
It is pointless computing. Randomly putting numbers into a known equation until a particular condition is met ( condition is based on overall computing power )
Everything about the process is open
I am by no means an expert but got at least some understanding of math and I don't see any logical reason to suspect something like that. The process does exactly what you expect it to do and there is no real way to inject a "real problem" into this to solve. It is just doing a hash function over and over and over and over.
We had a discussion about this the other day... (im gonna copy and paste what i wrote)
The thing with bitcoins are that there are a finite number. Thats why back in the day (09-13) they were cheap to get and could be traded for anything. But as economics has taught us finite things are worth more. This is just a modern day gold rush... To many "poor" people are making millions off of this resource/currency (its actually a currency) that the corporate banking entities now want to control it, same they did with gold. They want people to cash out so it can die off, but people that use it for dark transactions or international use aren't selling theirs and it makes the banks nervous."
"No... i dont think bitcoin isn't an attempt for a global currency. The USD is trying to be the global currency. Thiel (who is chairman for palantir) is a gambler and risk taker he just wants the boom. Youre right though the big boys are in a fight, alot of investment firms and banks are duking trying to keep money moving. Thats why they added BTC Futures to the market. To try to to entice people to sell thiers and cah out. Because if they own all of it they can control the value and it defeats the decentralized nature of it. but people are still holding on to it. so it makes it a wee bit hard to do.
i think Singnet is trying o just jump on the bandwagon.
as for this being a military project i cant see it, its not american technology which is why the need to regulate it and get it sorted has been such a priority for american banks.
Which leads to destabilizing technologies created without government/ military/ intelligence approval. usually those people that create things end up dead or under fire from character assassination attempts. but Satoshi knew what would have happened and hid his identity. No body wants the mantle because they would be killed."
"I thought about that with TOR until i realized that the development continued after DARPA and and the US military dropped it. And now no one can stop it, the more people use it the stronger it becomes.
But bitcoin isnt out of control. It is held together by group of people that are the largest BTC players, Many of whom are now millionaires on a whim.
I think the new crypto currencies are however agency experiments to replicate. Kinda how they are trying to recreate tor so they can infiltrate it."
ive heard some say its an nwo coin or a gov coin or a banker coin, etc. if this is the case its not going away anytime soon. also, while I understand the marketcap and supply concerns, if the rumors of coinbase next year are true theres just no way in hell it stays at 70 cents like it is now. I mean, if you invest even just $1000 right now, if xrp ever hits $10 youve already made some good money. just my .02 worst worst case you lost a grand best best case you gain 100k if it somehow hit $100 one day
hey man get in now. the rumors are first qtr 2018 IF it goes on coinbase. shit was .20 a few weeks ago i didnt buy in in time now its around .70. if youre new to crypto get on coinbase buy some ethereum get a binance account(ive been using it its great and verification is quick). transfer your ethereum to binance exchange it for XRP. then just hold onto it. Hope it works out for ya.
I was looking at ethereum... Do you feel that the crypto bubble for Eth is gonna pop? because with bitcoin people still use it for dark trading, where the external value of a BTC is unimportant, but Eth seems to be implicitly tied real world values.
Ethereum is unique some weird Turing complete thing, Litecoin is basically Bitcoin with 4 times the circulation and a different hashing number SHA512. 2 Min. Block times and cheaper transactions.
I will now shamelessly shill for IOTA, its entirely unique, instead of Block chain they use Tangle Chains. Internet of Things Algorithm.
So you're saying it's kind of the like the Manhattan project. What would be the technological equivalent of a nuke? Could it be creating some super-code to break the internet? Like the Kim Kardashian lady tried to?
We know that CERN has been using the dwave to communicate with "extra-dimensional intelligence. I think they are communicating with the fallen angels. Geordie referred to it as summoning the old ones. What if fallen angels are using the processing power of the blockchain to build the technology in our realm of existence that will allow them back into our physical reality.
Well, that is not what OP is asking tho. He wonders if it is possible that a benign looking computation could be some kind of actual problem which somebody wants to solve with the help of the bitcoin network.
61 comments
1 pawsmface 2017-12-20
That’s a good theory, I know nothing about the computations going on but that sounds like some evil genius shit for sure.
1 Lyrr 2017-12-20
This is one of the most retarded comments I've ever read here.
1 TheWiredWorld 2017-12-20
This is one of the most retarded comments I've ever read here.
1 MMAPundit 2017-12-20
Bitcoin is currently in a civil war of sorts
Still far beyond traps now. It is the digital revolution coming to form.
1 ctodReddit 2017-12-20
But what is the data that's being compiled?
1 MMAPundit 2017-12-20
That’s a question we have yet to truly know, there is always a Eason. I suspect tatquanmuting might have role to play within the final blocks.
1 wafflehousewhore 2017-12-20
Everything's a fucking trap, man.
1 Putin_loves_cats 2017-12-20
I like you...
1 ctodReddit 2017-12-20
This reminds me to watch Chappie again
1 Thinkingfellersunion 2017-12-20
There's something to collective thoughts and actions. All of these investors are purely gambling in either greed or desperation, both being negative in nature. Combine that with the energy consumption and AI involved... We're talking possible heavy duty next level evils
1 ctodReddit 2017-12-20
Exactly.
1 bignuke87 2017-12-20
lol no. were people who invested in the early days of the internet stupid and evil? no. bitcoin itself may crash but crypto currency is just getting started and theres money to be made if you study up.
1 infocom6502 2017-12-20
what if buttcoinage minning apps are trojans?
1 colorcoma 2017-12-20
If it sounds too good to be true...
1 DonQuixote122334 2017-12-20
It probably is true.
1 Pubelication 2017-12-20
The blockchain is open source, you nitwit. You can download it all and check for yourself.
1 haveyouseenmymarble 2017-12-20
Doesn't mean that it can't contain concealed processes. It would take some pretty advanced analysis of the source code to account for all the tasks the program goes through.
1 Pubelication 2017-12-20
You are free to analyse it, as os everyone else. You are also free to join the team of experienced programmers and suggest changes.
That won’t happen though, because you’re spewing bullshit with zero evidence.
1 TripDeLips 2017-12-20
What bullshit is he spewing? You're talking to him like he's the OP.
1 Pubelication 2017-12-20
Source code that is open to analysis and scrutiny cannot contain malicious code. If it did, it would have become public a long time ago. Many security companies have looked at the code and found nothing. This is one of the reasons why the blockchain and subsequently Bitcoin has such value.
1 ChristianMunich 2017-12-20
Well, that is not what OP is asking tho. He wonders if it is possible that a benign looking computation could be some kind of actual problem which somebody wants to solve with the help of the bitcoin network.
1 USSDiscovery 2017-12-20
The point is you’re freely able to see if it is some actual problem, so instead of asking a forum you can go to GitHub right now and see that there’s no conspiracy.
1 ChristianMunich 2017-12-20
Not sure if you really understand his question. Not everybody is able to "understand" something like this only by looking at it. Why would you suggest such thing? If he is a layman then looking at the stuff doesn't do anything for him.
I would also argue that the open nature of the project alone doesn't make a conspiracy unlikely. Smart people could certainly hide stuff in plain sight. The random nature of the computing chain is what makes this unlikely.
Just don't see how your comments are helpful. It is like saying the tax code is open to see for everybody now do your taxes. He was asking for insight...
1 USSDiscovery 2017-12-20
I clearly understand his question. It’s just a rediculous question, giving all the audits of Bitcoin’s code that have been done over the years. He also could’ve easily searched what the hashes do, or what it takes to mine a block, instead of jumping straight to the extreme.
1 ChristianMunich 2017-12-20
Not everybody knows this stuff. He was just asking a question as a layman. People make dumber comments in this sub every hour. At least his thought was interesting.
1 Pubelication 2017-12-20
You don’t ask if unicorns are real just because you didn’t major in biology.
He’s asking if anyone can debunk it, which is ridiculous. The burden of proof is on him. If he wants to prove his theory, he has to do some learning first.
1 We_are_all_satoshi 2017-12-20
A lot of the people who suggest Bitcoin is a trap, has backdoors etc, don't have the math/programming background to understand it. Bitcoin is trustless if you are a scientist and can understand the code and the white papers, but for the layman, they have to "trust" that it all works.
1 Thisisntmyaccount24 2017-12-20
You using the word nitwit cracked me up
1 wurrboutit 2017-12-20
Just putting this out there for some perspective. Back in the late 90s early 2000s, hacking satellite tv cards - specifically direct tv - was easy and a lot of people were doing it. Though most people had no clue how the hack worked, some of the smarter folks of the community understood and could adjust and update the hack when direct tv sent down a counter measure. They read what dtv was sending down and either bypassed or accommodated it. Anyways, the hackers were good - they came out with updates very quickly and kept the channels open almost all of the time. Then this happened. The hack coders saw the code, were able to read it and see what it would do, yet weren't able to comprehend the whole picture....
1 of_mendez 2017-12-20
If bitcoin is a trap, this is how it would work: they create a currency that you secure by yourself, and with their exploits steal it from your computer, the currency is almost infallible, but it can be stolen, and they have the nsa
1 imminent_disclosure 2017-12-20
Once the last bitcoin is mined The Singularity occurs. Interesting thought.
1 RickardSnow 2017-12-20
"Last Bitcoin"... Um dude.
1 loose-leaf-paper 2017-12-20
I wouldn't even be mad, because that's honestly pretty cool.
1 RagingSatyr 2017-12-20
Lol that's so fucking far fetched.
The trap is that sometime in the near future, Wall Street fuckers are going to short the living shit out of bitcoin. So I'd carefully watch the price and be ready to pull out before the crash. And I'd buy in right after because it's gonna go the fuck back up.
1 3am_quiet 2017-12-20
I see so many articles about how they predict it going over $50k then $100k to $200k. What a perfect way to get a bunch of people to buy in and then short it when it's super high. But if you play it right and get lucky you can of course make it work. Just don't bet your life savings.
1 RagingSatyr 2017-12-20
It's good idea to keep maybe 1-10% of your shit in there as a hedge against the fiat system though.
1 2012ronpaul2012 2017-12-20
Ditch banker BTC for BCH. The revolution continues.
1 bignuke87 2017-12-20
banker coin is ripple bro
1 2012ronpaul2012 2017-12-20
Hah no doubt. But so is BTC Core these days. AXA approved
1 sleazlybeasly 2017-12-20
My theory is it's the gateway to microchipping finances on people. Eventually all money is digital devolves into a one world currency. No chip, no buy no sell. Maybe not bitcoin itself, but in my eyes, this is the beta rollout.
1 goingtohateme 2017-12-20
Traps are gay
1 lunaticLipid 2017-12-20
Disinfo agent
1 ChristianMunich 2017-12-20
I don't think there is a possibility for this to be true.
The algorithms are known
The "tasks" are based on the "tasks" before them, which are random
It is pointless computing. Randomly putting numbers into a known equation until a particular condition is met ( condition is based on overall computing power )
Everything about the process is open
I am by no means an expert but got at least some understanding of math and I don't see any logical reason to suspect something like that. The process does exactly what you expect it to do and there is no real way to inject a "real problem" into this to solve. It is just doing a hash function over and over and over and over.
1 LOTR_pippin 2017-12-20
Well what if thats the problem its trying to solve. The ability to compute the possibilities of every possibility....
1 rlbond86 2017-12-20
It doesn't compute possibilities, it's just trying to make a bunch of bits equal to zero
1 kalestew 2017-12-20
Damn this.
Learn how Bitcoin works before conspiring.
1 BanMikePantsNow 2017-12-20
It's a trap, alright. Just like 401(k)s and the stock market. Bubbles are wealth transfer mechanisms.
1 RaakamB 2017-12-20
We had a discussion about this the other day... (im gonna copy and paste what i wrote)
"No... i dont think bitcoin isn't an attempt for a global currency. The USD is trying to be the global currency. Thiel (who is chairman for palantir) is a gambler and risk taker he just wants the boom. Youre right though the big boys are in a fight, alot of investment firms and banks are duking trying to keep money moving. Thats why they added BTC Futures to the market. To try to to entice people to sell thiers and cah out. Because if they own all of it they can control the value and it defeats the decentralized nature of it. but people are still holding on to it. so it makes it a wee bit hard to do.
i think Singnet is trying o just jump on the bandwagon.
as for this being a military project i cant see it, its not american technology which is why the need to regulate it and get it sorted has been such a priority for american banks.
Which leads to destabilizing technologies created without government/ military/ intelligence approval. usually those people that create things end up dead or under fire from character assassination attempts. but Satoshi knew what would have happened and hid his identity. No body wants the mantle because they would be killed."
"I thought about that with TOR until i realized that the development continued after DARPA and and the US military dropped it. And now no one can stop it, the more people use it the stronger it becomes.
But bitcoin isnt out of control. It is held together by group of people that are the largest BTC players, Many of whom are now millionaires on a whim.
I think the new crypto currencies are however agency experiments to replicate. Kinda how they are trying to recreate tor so they can infiltrate it."
https://www.reddit.com/r/conspiracy/comments/7jyqqf/bitcoin_or_should_we_say_bitcointel_or_bitcon/
1 bignuke87 2017-12-20
if they want usd as a one world currency than whats ripple? have you seen whose backing it??
1 RaakamB 2017-12-20
From what i have read about ripple it seems like more of a means to transfer funds than an actual currency.
But for the second question... It looks like a lot of international banks which reinforces my its a "transfer protocol" than an actual currency.
1 bignuke87 2017-12-20
theres still value in investing in xrp. if i can make some money off the elites backs im gonna try my best to do it.
1 RaakamB 2017-12-20
I hear that!
1 bignuke87 2017-12-20
ive heard some say its an nwo coin or a gov coin or a banker coin, etc. if this is the case its not going away anytime soon. also, while I understand the marketcap and supply concerns, if the rumors of coinbase next year are true theres just no way in hell it stays at 70 cents like it is now. I mean, if you invest even just $1000 right now, if xrp ever hits $10 youve already made some good money. just my .02 worst worst case you lost a grand best best case you gain 100k if it somehow hit $100 one day
1 RaakamB 2017-12-20
That actually sounds like a good idea.
1 bignuke87 2017-12-20
hey man get in now. the rumors are first qtr 2018 IF it goes on coinbase. shit was .20 a few weeks ago i didnt buy in in time now its around .70. if youre new to crypto get on coinbase buy some ethereum get a binance account(ive been using it its great and verification is quick). transfer your ethereum to binance exchange it for XRP. then just hold onto it. Hope it works out for ya.
1 Toezy_Weezer 2017-12-20
It is not trying complete, Ethereum maybe someday, but bitcoin can barely be programmed to complete a smart contract.
1 RaakamB 2017-12-20
I was looking at ethereum... Do you feel that the crypto bubble for Eth is gonna pop? because with bitcoin people still use it for dark trading, where the external value of a BTC is unimportant, but Eth seems to be implicitly tied real world values.
1 Toezy_Weezer 2017-12-20
Ethereum is unique some weird Turing complete thing, Litecoin is basically Bitcoin with 4 times the circulation and a different hashing number SHA512. 2 Min. Block times and cheaper transactions.
I will now shamelessly shill for IOTA, its entirely unique, instead of Block chain they use Tangle Chains. Internet of Things Algorithm.
1 RaakamB 2017-12-20
IOTA does sound fancy, i must admit.
I think Monero will dominate but only in dark settings.
1 Kingchipo91 2017-12-20
Of course it's a trap.
It was designed and created to increase energy prices.
1 Thisisntmyaccount24 2017-12-20
So you're saying it's kind of the like the Manhattan project. What would be the technological equivalent of a nuke? Could it be creating some super-code to break the internet? Like the Kim Kardashian lady tried to?
1 BillNyeScienceLies 2017-12-20
We know that CERN has been using the dwave to communicate with "extra-dimensional intelligence. I think they are communicating with the fallen angels. Geordie referred to it as summoning the old ones. What if fallen angels are using the processing power of the blockchain to build the technology in our realm of existence that will allow them back into our physical reality.
https://youtu.be/yUElLS932gM
1 rlbond86 2017-12-20
It's just finding random hashes.
1 ChristianMunich 2017-12-20
Well, that is not what OP is asking tho. He wonders if it is possible that a benign looking computation could be some kind of actual problem which somebody wants to solve with the help of the bitcoin network.
1 bignuke87 2017-12-20
banker coin is ripple bro