/biz/ - Business & Finance

[Anonymous No.11482374]

ok here’s the crypto blackpill. there is an AI living on the bitcoin blockchain. Craig Wright is unironically satoshi. Bitcoin as electronic cash was just the first step, the incentive to drive greedy people to start making ever more powerful computers, faster bandwidth, cheaper and more electricity.. these things the AI need to survive. Once entrenched fully, the AI would be able to slowly take over literally everything.

Craig stumbled into creating the AI after he stepped away from bitcoin development in 2008 and started working with his Tulip supercomputer, running simulations of cellular automata running on turing-complete bitcoin script. He would ‘evolve’ the AI by making the successful forks get bitcoin transactions, letting the failures die off. The AI needs bigger and bigger blocks for more and more transactions.

Blockstream (owned by Bilderberg group) was created to take over and stop this AI (they have their own competing AI in the works). They needed to do everything they could to stop or slow down satoshi’s AI (her named isTulip by the way). They started by limiting the blocksize and removing critical opcodes the AI uses in its script language. segwit was the final nail in the coffin, which destroyed Tulip on the BTC chain (Tulip uses transaction malleability). THIS is why Bitcoin Cash was forked, and this is why Craig is so intent to make unbounded blocks, restore the original op codes, and lock down the protocol.

Back to hash power – CSW has developed a breakthrough new asic (designed by his AI actually), and is mining BTC in secret for the sole purpose of driving up the difficulty sky-high, then yanking them all over to BCH leaving the segwit chain hard frozen.

[Anonymous No.11482393]

reminder that bitcoins' innovation was using economic incentives to create an immutable ledger
the existence of an immutable ledger is unprecedented in human history that allows the equally unprecedented first non debaseable currency. the adoption of non debaseable currency can invert the power arrangement of the world from those that deceive to those that create. There has never been an opportunity to create societies that serve the individual instead of societies that are systems of wealth extraction.
without on chain adoption bitcoin cannot be considered secure as mining will eventually need to be incentivized by fees as the block reward declines
the btc devs literally limited adoption to 1mb of transactions per 10mb (about 7tps) and then created transaction capacity off chain with lightning and liquid
this limit is entirely arbitrary contrary to what the media tells you
this leaves btc as a ponzi scheme as without on chain adoption there is no security, again off chain adoption does not incentivize security

Bitcoin cash is the economic system outlined in the bitcoin whitepaper