Bitcoin (BTC) Long Term Price Prediction For The Next 20 Years

Story about how I went from having no job, no education and in debt to financially independent in 7 years

In the summer of 2010 I was in my early 20s, took a year off from school and tried working on a business with a friend in the IT field, but the business failed. I was studying Computer Science in college, but was not doing too well. I had my credit cards maxed out at about 20k in debt due to irresponsible spending. I made some money in the past because I worked in the summer in an IT job thanks to a connection, but that opportunity went away. I was living with my parents and wanted ANY job - I was desperate. I tried to get a job at the mall in a clothing store, so I walked around handing out my resume, but failed the interviews. I even interviewed at McDonalds, but they didn't take me. I felt like a loser.

In the fall of 2010 I hit rock bottom and decided to turn things around. I quit smoking and started taking my school seriously, because I realized that it’s my only way out of the mess I was in. I realized that succeeding in business (like Bill Gates) is super hard and started doing pretty well in Computer Science. Later that year I got a job in an electronics store for a few months, at which point I was happy. Later on, I got a part time job in a field related to IT to support myself.

I graduated with debt in 2013 and got an entry level IT job in the city where I grew up, making around 50k a year. I was so happy when I got the offer, but later on I found the job to be boring. My dream was to get into Silicon Valley, so I started learning more about coding and practicing for coding interviews. I was still living with my parents and was slowly paying off my credit cards and student debts.

In early 2014, I interviewed at 2 companies in Silicon Valley and one of them gave me an offer. The salary and stocks offer was much better than I could have dreamed of, including a good signing bonus. That was one of the best days of my life.

I moved and started working. I was saving up most of my money and paying off my debts aggressively. Then, in the winter of 2015, I came across this video on Reddit about Bitcoin. It made an impression on me and I became very curious: what are all those those machines doing? I heard the word Bitcoin before, but had no idea what it was and decided to look into it seriously.

I found a great introduction on Khan Academy (which I already used when I was in school and respected it). I was blown away ... wow that's so clever, I thought. I immediately bought this audiobook, which was recently released at the time and listened to the whole thing in just a few days. I loved the book and learned so much from it: the history of Bitcoin and it discussed things like "why is money valuable at all?".

I was also randomly browsing Wikipedia around this time and came across this page from 2015. I briefly researched the top projects on that page, but what got me interested was item #2: Ethereum. I started researching it on youtube. I found these videos https://youtu.be/l9dpjN3Mwps and https://youtu.be/fbEtivJIfIU and they made SO MUCH sense to me. I also read the white paper like 5 times becoming more and more impressed every time I read it.

I became depressed when I realized that I missed the crowdsale in 2014 and there was no way to invest at that point. I thought that my chance to acquire ETH at a good price was gone forever. I was sure that after it is released the price will be much higher than the crowdsale price of 30 cents per ETH. My thinking at the time was that Ethereum is at least 10 times better than Bitcoin in every possible way and if Bitcoin market cap was a few billion, then ETH should at least match that.

When Ethereum was released in the summer, I started buying it. My debts were paid off by this point thanks to a high salary. The initial price was around $3, but was quickly falling. I was praying that the price falls more and more. The price dropped to below a dollar and I put all of my net worth into it because I thought it was an unbelievable bargain. Every extra penny I had I would put into ETH. I ended up investing around 30k. To me it was so obvious that it is much more valuable than $1 and that people were completely out of their minds for selling it for so low. It felt like people are selling gold bars for a dollar. Bitcoin market cap was a few billion, but Ethereum was something like 50 million AND it is better than Bitcoin in every way by at least 10x I kept telling myself. I remember predicting to people that it will go up 1000x in 10 years. I was talking to some friends about it at the time, but none of them bought as far as I know (until much later).

The price jumped to about $10 in the spring of 2016. I didn’t even think about selling. I held through the DAO hack and DDOS attacks, when the price dropped by more than half. I actually felt that these things are good for the system because it’s antifragile.

In early 2017 the price jumped from $10 to around $30 and I was officially a millionaire. Was I thinking about selling at this point? Hell no, it’s still undervalued! It went to 400, then dropped to 180, slashing my net worth in half and I lost like 10 million on the way down. I still felt it was undervalued at this point. It was kind of crazy: eating lunch with my coworkers, then checking the price and realizing I lost like 1 million in the past hour. And then going to meetings, discussing some bugs or features with my teammates at work.

I did not participate in any ICOs because I felt they were not a good value and if some ICO succeeds, it would be good for Ethereum anyways. I think I’m a pretty unusual crypto investor: I don’t hold any Bitcoins, only ETH and no other tokens. I only used BTC in order to buy ETH in 2015, and converted all of them to ETH ASAP. I remember a friend asking “what is so good about Bitcoin? Is there anything I can buy with Bitcoin, that you can’t with dollars”. I jokingly answered ETH.

I didn’t sell a single ETH until the price hit about $500 in the fall of 2017. At every point before $500, I thought that it was still extremely undervalued. I started selling to diversify. I ended up selling on the way up to $1400 and continued selling until it went down to about $600. I cashed out a few million dollars, about 20% of my holdings. I actually didn't feel great selling, because I still felt that the assets are still more valuable than what I’m getting for them.

After paying taxes, I diversified into stocks and bonds. According to my calculations, I can live comfortably for the rest of my life without working or selling a single ETH again. I quit my job in 2018 and traveled around the world for many months.

I think to myself, did I get lucky? Or am I some kind of investment genius and maybe I should go into angel investing? I looked around for some investment opportunities, but nothing comes close to how I felt about ETH in 2015. Back then it felt to me extremely obvious that this thing is extremely undervalued. I never got that feeling about any other investment since, even though I looked, so I never invested in anything else. I still find it surprising that people were willing to sell ETH for under a dollar just a few years ago.
submitted by ThrowAway329565 to financialindependence [link] [comments]

Cryptocurrency: lives or dies? Part 1. Bubbles as a scarecrow for newcomers

Cryptocurrency: lives or dies? Part 1. Bubbles as a scarecrow for newcomers
Cryptocurrency: lives or dies? Part 1. Bubbles as a scarecrow for newcomers
The cryptomania 2017 was colossal. Although cryptocurrencies have existed since 2009, many people found out about them just in 2017, against the backdrop of the outstanding growth in rates and a clear sense of revolution. Many newcomers thought that the rates would grow forever. They were ready to buy digital currencies at any price considering any declines to be local, and growth to be global.
But 2018 brought an unpleasant surprise: the market suddenly began to break down. In the first quarter, many people hoped that this was only a “correction,” but the collapse continued. If early in 2018, Bitcoin (BTC) carried a record price of $20,000, then by September it had fallen in price to $6,300, that is, threefold. And the “heroic” ethereum (ETH), which almost surpassed BTC in terms of capitalization in Summer 2017, had fallen fivefold: from $1,300 to $250.

https://preview.redd.it/4gxrjt5imw031.jpg?width=1280&format=pjpg&auto=webp&s=caae30b6e06f61a8d7dd33e86344f58d22c30162
In autumn, the market froze. It seemed that the bottom was reached and the restoration would begin soon. However, November brought another surprise: the rates dropped again. For example, BTC fell in price from $6,000 to $ 4,000. This happened so suddenly that it looked like an evident conspiracy of the major players, so-called “whales”. Autumn investors, following the earlier ones, suffered losses. Many of them completely become disillusioned with the crypto-market, having decided that it is entirely in the grasp to manipulators: such a “market” resembles MMM where quotes are randomly set by puppeteers.
In Winter, the market froze again, while in Spring a long-promised growth began. In March it continued to ascend carefully, and in April it continued to ascend unexpectedly sharply and symmetrically to the drop in November. In both cases, the BTC rate changed by $800 just for an hour, but in November it was a drop, while in April it was a rise. In both cases, there was no kickback: on the contrary, the movement went on. Optimists rushed to buy cryptocurrencies, but the most population smelt a rat. If not only drops but also rises occur "in a snap", is this not the best proof of pulling the strings?

https://preview.redd.it/4dvc478jmw031.jpg?width=1280&format=pjpg&auto=webp&s=0ff55dff60910cef6a0d5dda8a2057151f4f2cbb
So do we believe in true market recovery now? Perhaps this is another trick? Is it worth investing in cryptocurrencies or is it better to forget them like a nightmare? Is the market entirely in the hands of puppeteers or does it have objective laws? We will try to understand this in more detail.
How did it get started: bitcoin and its bubble 2013
The first world’s cryptocurrency was Bitcoin (BTC). It appeared in 2009 and firstly it was known only to specialists in cryptography, as well as to particularly advanced free market activists. But soon it attracted the close attention of investors demonstrating in 2010-2013 a tremendous growth of 4 orders: from $ 0.1 to $ 1000. In other words, the average exchange rate grew by a factor of 10 per year (!!!)

https://preview.redd.it/2be0puujmw031.jpg?width=1280&format=pjpg&auto=webp&s=14420f8e457edee778f560c976f3369c805a286d
In 2013, this BTC’s success gained worldwide fame. However, as often happens, the shock popularization was no in favor of the asset rate: reaching a record mark of $1,200 in December 2013, BTC began to fall in price. Towards the end of 2014, its rate rolled back to $250, following which it remained relatively stable in 2015. A significant part of the growth in 2013 turned out to be a bubble. However, after blowing off the bubble, the BTC rate still remained significantly higher than it was early in 2013 (especially, in all previous years).

https://preview.redd.it/uowotkqkmw031.jpg?width=1280&format=pjpg&auto=webp&s=0b6b95fdb832ba59acf2746aa2e37af96df1a231
How it continued: altcoins and general market bubble 2017
The new growth of the BTC rate began in 2016, and became especially explosive in 2017. At the same time, altcoins, new cryptocurrencies, “alternative” BTC - ethereum (ETH), lightcoin (LTC), emercoin (EMC), and many others asserted themselves in a massive way. If until 2016 they stayed in the deep background of the market flagship, then in 2017 their total capitalization for some time exceeded the capitalization of BTC. In Summer 2017 there was a moment when the ETH acting alone nearly advanced the BTC.

https://preview.redd.it/e55s3hilmw031.jpg?width=1280&format=pjpg&auto=webp&s=b838ef697269c7746949eb2012882455ee8fe305
By the end of 2017, BTC had risen in price to $20,000, while the total capitalization of the cryptocurrency market reached a huge amount of $800 bln (higher than capitalization of any global corporation). But this turned out to be yet another bubble: throughout 2018, just as in 2014, the rate of BTC and other currencies was falling). By the end of the year, the market capitalization decreased to $130 billion.
What can be shown by the comparison of two bubbles
Financial bubbles constitute an unpleasant phenomenon, and yet a logical one. By studying their dynamics it is possible to reveal a lot of interesting things about the nature of the new assets. If we look attentively at the figures, it is possible to note: the bubbles of 2013-2014 and 2017-2018 have much in common.
⦁ In both cases, the rate of bitcoin has dropped approximately five-fold. Market capitalization in the second case has dropped approximately 6-fold.
⦁ In both cases, a general decline lasted about a year, followed by a quiet period.
⦁ In both cases, "after bubbles" the rates have been fixed at the levels that are considerably higher than the levels "before bubbles". For example, at the end of 2014, BTC was much more expensive than at the end of 2012, while in late 2018 it was much more expensive than in late 2016.
DECLINE IN 5.3
DECLINE IN 4.8

https://preview.redd.it/kvcy8nxmmw031.jpg?width=1280&format=pjpg&auto=webp&s=23dfa2bba06896babfba777d4ef16f9667c6f099
This simple comparison shows: the scale of the 2018 cryptocurrency crash is exaggerated. The bubble has developed according to the same scenario, as it happened last time, and seriously frightened only the novices.
Judging by the charts, the cryptocurrency market is more alive than dead. Moreover, it quite well follows the standard laws of financial bubbles’ development, and its multi-year trend is clearly positive. For the credibility one can recall, for example, the chart of the oil prices in the 2000s. As we can see here there is also a bubble and decline, but after that – recovery to the values, which are much higher than before the bubble. That’s what happens when the assets are really valuable (not just a short-lived hype), and this is exactly what we have been observing in case of cryptocurrency market.

https://preview.redd.it/2todpslnmw031.jpg?width=1280&format=pjpg&auto=webp&s=9da51f9b71f36dffb5b1af8152bb949286fb10c5
With a high degree of probability, right now cryptocurrency investments are of particular interest. The upward movement looks quite reasonable, and why it has happened so abruptly, is there some catch behind it, and what are the fundamental reasons that contributed to the upward trend – we will discuss all these questions next time
Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:
http://trident-germes.com/category/article/
submitted by TridentGermes to Bitcoin [link] [comments]

Cryptocurrency: lives or dies? Part 1

Cryptocurrency: lives or dies? Part 1
Part 1. Bubbles as a scarecrow for newcomers

The cryptomania 2017 was colossal. Although cryptocurrencies have existed since 2009, many people found out about them just in 2017, against the backdrop of the outstanding growth in rates and a clear sense of revolution. Many newcomers thought that the rates would grow forever. They were ready to buy digital currencies at any price considering any declines to be local, and growth to be global.

But 2018 brought an unpleasant surprise: the market suddenly began to break down. In the first quarter, many people hoped that this was only a “correction,” but the collapse continued. If early in 2018, Bitcoin (BTC) carried a record price of $20,000, then by September it had fallen in price to $6,300, that is, threefold. And the “heroic” ethereum (ETH), which almost surpassed BTC in terms of capitalization in Summer 2017, had fallen fivefold: from $1,300 to $250.

https://preview.redd.it/ly1to0boz9y21.jpg?width=1280&format=pjpg&auto=webp&s=10a6f59dc9509c5bd571fb6145ac91158028e849
In autumn, the market froze. It seemed that the bottom was reached and the restoration would begin soon. However, November brought another surprise: the rates dropped again. For example, BTC fell in price from $6,000 to $ 4,000. This happened so suddenly that it looked like an evident conspiracy of the major players, so-called “whales”. Autumn investors, following the earlier ones, suffered losses. Many of them completely become disillusioned with the crypto-market, having decided that it is entirely in the grasp to manipulators: such a “market” resembles MMM where quotes are randomly set by puppeteers.

In Winter, the market froze again, while in Spring a long-promised growth began. In March it continued to ascend carefully, and in April it continued to ascend unexpectedly sharply and symmetrically to the drop in November. In both cases, the BTC rate changed by $800 just for an hour, but in November it was a drop, while in April it was a rise. In both cases, there was no kickback: on the contrary, the movement went on. Optimists rushed to buy cryptocurrencies, but the most population smelt a rat. If not only drops but also rises occur "in a snap", is this not the best proof of pulling the strings?

https://preview.redd.it/x14yabypz9y21.jpg?width=1280&format=pjpg&auto=webp&s=34f2b146d58ad4a406450bb2961709ba281c2dec
So do we believe in true market recovery now? Perhaps this is another trick? Is it worth investing in cryptocurrencies or is it better to forget them like a nightmare? Is the market entirely in the hands of puppeteers or does it have objective laws? We will try to understand this in more detail.

How did it get started: bitcoin and its bubble 2013

The first world’s cryptocurrency was Bitcoin (BTC). It appeared in 2009 and firstly it was known only to specialists in cryptography, as well as to particularly advanced free market activists. But soon it attracted the close attention of investors demonstrating in 2010-2013 a tremendous growth of 4 orders: from $ 0.1 to $ 1000. In other words, the average exchange rate grew by a factor of 10 per year (!!!)

https://preview.redd.it/m35lylysz9y21.jpg?width=1280&format=pjpg&auto=webp&s=7a30a6c591c049d0b5e076fb922a980127c531b1
In 2013, this BTC’s success gained worldwide fame. However, as often happens, the shock popularization was no in favor of the asset rate: reaching a record mark of $1,200 in December 2013, BTC began to fall in price. Towards the end of 2014, its rate rolled back to $250, following which it remained relatively stable in 2015. A significant part of the growth in 2013 turned out to be a bubble. However, after blowing off the bubble, the BTC rate still remained significantly higher than it was early in 2013 (especially, in all previous years).

https://preview.redd.it/4va61pjuz9y21.jpg?width=1280&format=pjpg&auto=webp&s=0f4a3800254ad0d70af8556467283ec87376e0cd

How it continued: altcoins and general market bubble 2017

The new growth of the BTC rate began in 2016, and became especially explosive in 2017. At the same time, altcoins, new cryptocurrencies, “alternative” BTC - ethereum (ETH), lightcoin (LTC), emercoin (EMC), and many others asserted themselves in a massive way. If until 2016 they stayed in the deep background of the market flagship, then in 2017 their total capitalization for some time exceeded the capitalization of BTC. In Summer 2017 there was a moment when the ETH acting alone nearly advanced the BTC.

https://preview.redd.it/dqyjr0yvz9y21.jpg?width=1280&format=pjpg&auto=webp&s=2daf6704930f105b301db95f7370027795911ede
By the end of 2017, BTC had risen in price to $20,000, while the total capitalization of the cryptocurrency market reached a huge amount of $800 bln (higher than capitalization of any global corporation). But this turned out to be yet another bubble: throughout 2018, just as in 2014, the rate of BTC and other currencies was falling). By the end of the year, the market capitalization decreased to $130 billion.

What can be shown by the comparison of two bubbles

Financial bubbles constitute an unpleasant phenomenon, and yet a logical one. By studying their dynamics it is possible to reveal a lot of interesting things about the nature of the new assets. If we look attentively at the figures, it is possible to note: the bubbles of 2013-2014 and 2017-2018 have much in common.

⦁ In both cases, the rate of bitcoin has dropped approximately five-fold. Market capitalization in the second case has dropped approximately 6-fold.
⦁ In both cases, a general decline lasted about a year, followed by a quiet period.
⦁ In both cases, "after bubbles" the rates have been fixed at the levels that are considerably higher than the levels "before bubbles". For example, at the end of 2014, BTC was much more expensive than at the end of 2012, while in late 2018 it was much more expensive than in late 2016.
DECLINE IN 5.3
DECLINE IN 4.8
https://preview.redd.it/p9nzmxuyz9y21.jpg?width=1280&format=pjpg&auto=webp&s=d11cea8a0e6802eb740df678a306e43cf882edd6
This simple comparison shows: the scale of the 2018 cryptocurrency crash is exaggerated. The bubble has developed according to the same scenario, as it happened last time, and seriously frightened only the novices.

Judging by the charts, the cryptocurrency market is more alive than dead. Moreover, it quite well follows the standard laws of financial bubbles’ development, and its multi-year trend is clearly positive. For the credibility one can recall, for example, the chart of the oil prices in the 2000s. As we can see here there is also a bubble and decline, but after that – recovery to the values, which are much higher than before the bubble. That’s what happens when the assets are really valuable (not just a short-lived hype), and this is exactly what we have been observing in case of cryptocurrency market.

https://preview.redd.it/z5p0rs130ay21.jpg?width=1280&format=pjpg&auto=webp&s=a7ea7e1d50b8e81baace77c7a17957ab0c364604

With a high degree of probability, right now cryptocurrency investments are of particular interest. The upward movement looks quite reasonable, and why it has happened so abruptly, is there some catch behind it, and what are the fundamental reasons that contributed to the upward trend – we will discuss all these questions next time
Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source: http://trident-germes.com/
submitted by TridentGermes to ENG [link] [comments]

Gregory Maxwell /u/nullc has evidently never heard of terms like "the 1%", "TPTB", "oligarchy", or "plutocracy", revealing a childlike naïveté when he says: "‘Majority sets the rules regardless of what some minority thinks’ is the governing principle behind the fiats of major democracies."

UPDATE: This post was inspired by a similar previous post which also has lots of great points, but the current post has a slightly different focus because:
(1) This post assumes ignorance (not dishonesty) on the part of nullc.
(2) This post basically gives a list of a bunch of sources on Wikipedia talking about oligarchy and plutocracy, as a starting point for anyone interested in this stuff.
Gregory Maxwell nullc has repeatedly shown that he has a very weak grasp of the political and economic realities shaping our world today.
He should not be (actually nobody should be) in charge of setting major economic policies and parameters (eg money velocity aka "max blocksize") for the most important non-state-based currency in the history of humanity (Bitcoin).
Are serious investors and businesspeople going to believe in a new currency whose economic parameters (eg money velocity aka "max blocksize") are centrally planned by a private for-profit corporation Blockstream whose CTO and CEO (Gregory Maxwell nullc and Adam Back adam3us) have repeatedly shown that they are totally clueless when it comes to markets and economics?
I don't even know where to begin to school this guy on the reality of politics and economics in the world today. It would take literally years of reading up on events in the mainstream media and online in order for him to get familiar enough with this stuff to stop blurting out ridiculously ignorant statements like:
"Majority sets the rules regardless of what some minority thinks" is the governing principle behind the fiats of major democracies.
https://np.reddit.com/Bitcoin/comments/44meru/why_would_miners_go_against_their_own_interests/czrgb0d
https://np.reddit.com/btc/comments/44p5tk/does_the_community_believe_that_gmaxwell_is_being/
Maybe the Wikipedia articles on "Oligarchy" or "Plutocracy" would be a good place for him to start reading up, so he can avoid making such ignorant public pronouncements in the future.
Meanwhile, it is obvious that this guy should not be in charge of centralized planning for Bitcoin's economic aspects such as "max blocksize".
Actually, blocksize is probably not a even a "parameter" which can be "pre-determined" by a C/C++ programmer.
Blocksize is more likely an "emergent phenomenon" which should probably be determined by the market itself.
Below are many, many links talking about how "oligarchy" and "plutocracy" have replaced democracy in politics and economics today.
https://en.wikipedia.org/wiki/Oligarchy#United_States
Some contemporary authors have characterized current conditions in the United States as oligarchic in nature.[8][9]
Simon Johnson wrote that "the reemergence of an American financial oligarchy is quite recent," a structure which he delineated as being the "most advanced" in the world.[10]
Jeffrey A. Winters wrote that "oligarchy and democracy operate within a single system, and American politics is a daily display of their interplay."[11]
Bernie Sanders,opined in a 2010 The Nation article that an "upper-crust of extremely wealthy families are hell-bent on destroying the democratic vision of a strong middle-class … In its place they are determined to create an oligarchy in which a small number of families control the economic and political life of our country."[12]
The top 1% in 2007 had a larger share of total income than at any time since 1928.[13] In 2011, according to PolitiFact and others, the top 400 wealthiest Americans "have more wealth than half of all Americans combined."[14][15][16][17]
French economist Thomas Piketty states in his 2013 book, Capital in the Twenty-First Century, that "the risk of a drift towards oligarchy is real and gives little reason for optimism about where the United States is headed."[18]
A study conducted by political scientists Martin Gilens of Princeton University, and Benjamin Page of Northwestern University, was released in April 2014,[19] which stated that their "analyses suggest that majorities of the American public actually have little influence over the policies our government adopts."
It also suggested that "Americans do enjoy many features central to democratic governance, such as regular elections, freedom of speech and association, and a widespread (if still contested) franchise."
Gilens and Page do not characterize the US as an "oligarchy" per se; however, they do apply the concept of "civil oligarchy" as used by Jeffrey Winters with respect to the US. Winters has posited a comparative theory of "oligarchy" in which the wealthiest citizens – even in a "civil oligarchy" like the United States – dominate policy concerning crucial issues of wealth- and income-protection.[20]
Gilens says that average citizens only get what they want if economic elites or interest groups also want it; that is, economic elites and interest groups are influential.[21] ...
In a 2015 interview, former President Jimmy Carter stated that the United States is now "an oligarchy with unlimited political bribery," due to the Citizens United ruling, which effectively removed limits on donations to political candidates.[25]
Links for the above references (footnotes) in the Wikipedia article on "Oligarchy":
[8] Kroll, Andy (2 December 2010). "The New American Oligarchy". TomDispatch (Truthout). Retrieved 17 August 2012.
http://www.truth-out.org/archive/component/k2/item/93150:andy-kroll--the-new-american-oligarchy
It used to be that citizens in large numbers, mobilized by labor unions or political parties or a single uniting cause, determined the course of American politics. After World War II, a swelling middle class was the most powerful voting bloc, while, in those same decades, the working and middle classes enjoyed comparatively greater economic prosperity than their wealthy counterparts. Kiss all that goodbye. We're now a country run by rich people.
[9] America on the Brink of Oligarchy 24 August 2012 The New Republic
http://www.tnr.com/article/magazine/books-and-arts/106430/money-politics-inequality-power-one-percent-move-on-effect
Winters conceives of oligarchy not as rule by the few, but as a kind of minority power created by great concentrations of material wealth. Compatible with a wide range of regimes, oligarchy can co-exist and even be “fused” with democracy as it is today in the United States.
[10] Johnson, Simon (May 2009). "The Quiet Coup". The Atlantic. Retrieved 17 August 2012.
https://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/307364/?single_page=true
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.
[11] Winters, Jeffrey A. (November–December 2011) [28 September 2011]. "Oligarchy and Democracy". The American Interest 7 (2). Retrieved 17 August 2012.
http://www.the-american-interest.com/2011/09/28/oligarchy-and-democracy/
Democratic institutions aren't sufficient in themselves to keep the wealthy few from concentrating political power.
[12] Sanders, Bernie (22 July 2010). "No To Oligarchy". The Nation. Retrieved 18 August 2012.
http://www.thenation.com/article/no-oligarchy/
While the middle class disappears and more Americans fall into poverty, the wealthiest people in our country are using their wealth and political power to protect their privileged status at everyone else's expense.
[13] "Tax Data Show Richest 1 Percent Took a Hit in 2008, But Income Remained Highly Concentrated at the Top. Recent Gains of Bottom 90 Percent Wiped Out". Center on Budget and Policy Priorities. 25 May 2011. Retrieved 30 May 2014.
http://www.cbpp.org/research/tax-data-show-richest-1-percent-took-a-hit-in-2008-but-income-remained-highly-concentrated?fa=view&id=3309
[14] Kertscher, Tom; Borowski, Greg (10 March 2011). "The Truth-O-Meter Says: True - Michael Moore says 400 Americans have more wealth than half of all Americans combined". PolitiFact. Retrieved 11 August 2013.
http://www.politifact.com/wisconsin/statements/2011/ma10/michael-moore/michael-moore-says-400-americans-have-more-wealth-/
"Right now, this afternoon, just 400 Americans -- 400 -- have more wealth than half of all Americans combined," Moore avowed to tens of thousands of protesters.
"Let me say that again. And please, someone in the mainstream media, just repeat this fact once; we’re not greedy, we’ll be happy to hear it just once.
"Four hundred obscenely wealthy individuals ... -- most of whom benefited in some way from the multi-trillion-dollar taxpayer bailout of 2008 -- now have more cash, stock and property than the assets of 155 million Americans combined."
[15] Moore, Michael (6 March 2011). "America Is Not Broke". Huffington Post. Retrieved 11 August 2013.
http://www.huffingtonpost.com/michael-moore/america-is-not-broke_b_832006.html
America is not broke.
Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It's just that it's not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.
Today just 400 Americans have more wealth than half of all Americans combined.
Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can't bring yourself to call that a financial coup d'état, then you are simply not being honest about what you know in your heart to be true.
[16] Moore, Michael (7 March 2011). "The Forbes 400 vs. Everybody Else". michaelmoore.com. Archived from the original on 2011-03-09. Retrieved 2014-08-28.
https://web.archive.org/web/20110309211959/http://www.michaelmoore.com/words/must-read/forbes-400-vs-everybody-else
According to the most recent information, the Forbes 400 now have a greater net worth than the bottom 50% of U.S. households combined.
[17] Pepitone, Julianne (22 September 2010). "Forbes 400: The super-rich get richer". CNN. Retrieved 11 August 2013.
http://money.cnn.com/2010/09/22/news/companies/forbes_400/index.htm
Forbes magazine released its annual list of the 400 richest Americans on Wednesday, and their combined net worth climbed 8% this year, to $1.37 trillion.
[18] Piketty, Thomas (2014). Capital in the Twenty-First Century. Belknap Press. ISBN 067443000X p. 514
https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century
Capital in the Twenty-First Century is a 2013 book by French economist Thomas Piketty. It focuses on wealth and income inequality in Europe and the United States since the 18th century. It was initially published in French (as Le Capital au XXIe siècle) in August 2013; an English translation by Arthur Goldhammer followed in April 2014.
The book's central thesis is that when the rate of return on capital (r) is greater than the rate of economic growth (g) over the long term, the result is concentration of wealth, and this unequal distribution of wealth causes social and economic instability.
[19] Gilens, Martin; Page, Benjamin (9 April 2016). "Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens" (PDF): 6.
[20] Gilens & Page (2014) p. 6
https://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=9354310
Each of four theoretical traditions in the study of American politics—which can be characterized as theories of Majoritarian Electoral Democracy, Economic-Elite Domination, and two types of interest-group pluralism, Majoritarian Pluralism and Biased Pluralism—offers different predictions about which sets of actors have how much influence over public policy: average citizens; economic elites; and organized interest groups, mass-based or business-oriented.
Multivariate analysis indicates that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while average citizens and mass-based interest groups have little or no independent influence. The results provide substantial support for theories of Economic-Elite Domination and for theories of Biased Pluralism, but not for theories of Majoritarian Electoral Democracy or Majoritarian Pluralism.
[21] Prokop, A. (18 April 2014) "The new study about oligarchy that's blowing up the Internet, explained" Vox
http://www.vox.com/2014/4/18/5624310/martin-gilens-testing-theories-of-american-politics-explained
Study: Politicians listen to rich people, not you
Who really matters in our democracy — the general public, or wealthy elites?
[25] http://www.rollingstone.com/politics/videos/jimmy-carter-u-s-is-an-oligarchy-with-unlimited-political-bribery-20150731
Former President Jimmy Carter had some harsh words to say about the current state of America's electoral process, calling the country "an oligarchy with unlimited political bribery" resulting in "nominations for president or to elect the president." When asked this week by The Thom Hartmann Program (via The Intercept) about the Supreme Court's April 2014 decision to eliminate limits on campaign donations, Carter said the ruling "violates the essence of what made America a great country in its political system."
https://en.wikipedia.org/wiki/Plutocracy#Post_World_War_II
When the Nobel-Prize winning economist Joseph Stiglitz wrote the 2011 Vanity Fair magazine article entitled "Of the 1%, by the 1%, for the 1%", the title and content supported Stiglitz's claim that the United States is increasingly ruled by the wealthiest 1%.[34]
Some researchers have said the US may be drifting towards a form of oligarchy, as individual citizens have less impact than economic elites and organized interest groups upon public policy.[35]
A study conducted by political scientists Martin Gilens (Princeton University) and Benjamin Page (Northwestern University), which was released in April 2014,[36] stated that their "analyses suggest that majorities of the American public actually have little influence over the policies our government adopts."
Links for the above references (footnotes) in the Wikipedia article on "Plutocracy":
[34] Stiglitz Joseph E. "Of the 1%, by the 1%, for the 1%" Vanity Fair, May 2011; see also the Democracy Now! interview with Joseph Stiglitz: Assault on Social Spending, Pro-Rich Tax Cuts Turning U.S. into Nation "Of the 1 Percent, by the 1 Percent, for the 1 Percent", Democracy Now! Archive, Thursday, April 7, 2011
http://www.vanityfair.com/news/2011/05/top-one-percent-201105
It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent.
...
America’s inequality distorts our society in every conceivable way. There is, for one thing, a well-documented lifestyle effect—people outside the top 1 percent increasingly live beyond their means. Trickle-down economics may be a chimera, but trickle-down behaviorism is very real. Inequality massively distorts our foreign policy. The top 1 percent rarely serve in the military—the reality is that the “all-volunteer” army does not pay enough to attract their sons and daughters, and patriotism goes only so far. Plus, the wealthiest class feels no pinch from higher taxes when the nation goes to war: borrowed money will pay for all that. Foreign policy, by definition, is about the balancing of national interests and national resources. With the top 1 percent in charge, and paying no price, the notion of balance and restraint goes out the window. There is no limit to the adventures we can undertake; corporations and contractors stand only to gain. The rules of economic globalization are likewise designed to benefit the rich: they encourage competition among countries for business, which drives down taxes on corporations, weakens health and environmental protections, and undermines what used to be viewed as the “core” labor rights, which include the right to collective bargaining. Imagine what the world might look like if the rules were designed instead to encourage competition among countries for workers. Governments would compete in providing economic security, low taxes on ordinary wage earners, good education, and a clean environment—things workers care about. But the top 1 percent don’t need to care.
[35] Piketty, Thomas (2014). Capital in the Twenty-First Century. Belknap Press. ISBN 067443000X p. 514: "the risk of a drift towards oligarchy is real and gives little reason for optimism about where the United States is headed."
https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century
[36] Gilens & Page (2014) Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens, Perspectives on Politics, Princeton University. Retrieved 18 April 2014.
PDF! www.princeton.edu/~mgilens/Gilens%20homepage%20materials/Gilens%20and%20Page/Gilens%20and%20Page%202014-Testing%20Theories%203-7-14.pdf
Finally, it is worth mentioning the notorious "Plutonomy" memo prepared by analysts at Citigroup:
https://pissedoffwoman.wordpress.com/2012/04/12/the-plutonomy-reports-download/
Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the world is dividing up more and more into a small group of rich people who drive the economy, surrounded by a large number of poor people whose economic interests can be safely ignored.
As the above links show, it is shockingly naïve for Gregory Maxwell u/nullc to claim that policies for fiat currencies are determined by "democracies".
If he is this ignorant about the reality of so-called democracies and fiat currencies, one can only wonder how much other stuff he is ignorant about, in his ongoing misguided attempts to impose his own centralized economic planning on Bitcoin.
submitted by ydtm to btc [link] [comments]

In 2013, I built an algorithm that made predictions about BTC price fluctuations and mining difficulty. (Discussion on how Bitcoin is becoming crash proof, and why Wall Street needs to trim the fat.)

My algorithm showed a "rubber banding" effect. With outliers excluded from my data, it was 94% accurate. With outliers included with my data, it was still 85% accurate.
When difficulty sees large gains, price (USD valuation) will rise steadily, then begin dropping sharply.
When BTC to USD sees large gains, difficulty will change at a slower rate at first, then drop sharply in terms of growth proportion to it's standard deviations of movement.
We are currently witnessing this rubber band lag on difficulty fueled by the giant price increase.
As difficulty drops, more miners will enter the market, and liquidity in the "minted" supply of Bitcoins will increase.
Ultimately, from an economics standpoint, this transition will act as a harmonious correction in either direction, for either rubber banding case.
Bitcoin has a built-in harmonic motion between the liquid market, USD valuation, difficulty, and supply/demand liquidity.
My algorithm lines up with most of the hedge fund guys throwing out large 5 figure valuations for 2018.
I would declare with a degree of certainty above 50% that we will see a valuation of between $12,500 and $20,000 in early spring/late winter.
This will be followed by a gradual decline until near mid-end of Summer.
At which point valuation will begin increasing again, and will hit more... asinine valuations, near the end of 2018. [[This timing range of Summer to Winter of 2018 is the most logical location for a major bubble and crash event, according my current algorithms.]]
The real threat of a bubble exists still, BUT, Bitcoin has developed a resistance to massive market swings, and as it's overall USD valuation increases, the risk is dropping steeply.
You must consider that these days, for Bitcoin's valuation to move $50 USD, requires BILLIONS of USD in trade transactions to occur.
Since mainstream Wallstreet isn't a heavy player in Bitcoin still, this makes BTC immune/resistant to flash crashes, as most long term HODLers are "indoctrinated" and won't fall prey to panic. (Yet, few players in the Bitcoin space are not and could not throw around hundreds of millions of dollars just to create a synthetic pump or crash, unlike 2011-2013 when some larger whales could tip the whole market.)
The amount of liquid capital in BTC owned by "panicky public" is becoming a negligible amount in proportion, and will soon cease having any real effect on day to day valuations.
Financiers, wall street, hedge funds. If anyone in your financial department has an opinion within the realm of the following:
"I don't understand it."
"It's a scam."
"It's not worth looking into."
"It is too volatile."
I would solemnly consider a one to one meeting with that employee. Bitcoin's market cap is higher than the majority of Fortune 500 companies annual revenue. Bitcoin's daily trade magnitudes are between 2 billion and 10 billion USD worth of DAILY active movement.
If an employee is refusing to even look into it, because they "don't understand" or "believe it is a scam"
Make them look into it, or fire their negligent ass. That level of ignorance is equally as bad, as if your company had a major competitor rising in their market space, and this employee refused to research that competitor at all.
That's the type of value movement going on now.
Tulip mania boomed and exploded in roughly 2-3 years.
This is NOT a tulip situation.
Bitcoin was established in 2010 and has had growth outpacing every other financial investment possible for the LAST SEVEN YEARS.
submitted by GangsterWisdom to Bitcoin [link] [comments]

First Assets Financial - New Opportunity for Wealth


On May 22, 2010, programmer Laszlo Hanyecz bought two pizzas with 10,000 bitcoins, that is to say that one bitcoin worth only 0.003 cents. It is the first time that the token had its value.
In mid-2017, the total value of the token market exceeded 100 billion US dollars, exceeding the sum of the currencies of the last 64 countries in the global economy. In January 2018, the total value of the token market reached 814 billion US dollars. It can be said that the token market has become a non-negligible existence.
Behind the prosperity, the 2018 token market was also full of uncertainty. At the beginning of the year, it reached the peak of the market capitalization. After that, it was like a roller coaster, and the token market was ushered in a cold winter.
In 2019, will there be a token that will bring us new hopes?
The emergence of the FAF (First Assets Financial) is like a tornado that had swept the coin circle and blockchain circle and attracted attention of all the people.
Since the launch of the White Paper of Bitcoin 10 years ago, the interests of entrepreneurs, companies and capitalists have been inspired by the token and they have been committed to creating a new type of asset. As this emerging asset class matures, all parties have launched their own products and services, hoping to take a slice of the potential ecosystem of token market.
However, the projects that really work hard are in a minority, and the majority of the fights in the circle are driven by interests. The arrival of the cold winter has just led to a major integration of the whole industry. After the integration, the era of relying on a white paper to get ahead is gone.
As a pioneer in the industry, the FAF (First Assets Financial) has comprehensively deployed a new trend of development in 2019.
FAF (First Assets Financial) is a decentralized real estate travel service system based on the fourth generation of blockchain technology, linking global real estate travel service providers (enterprises or individuals) and consumers, based on blockchain technology to traceability, not Tampering and other characteristics protect the rights and privacy of trading buyers and sellers in the industry, and build a transparent, credible, cheap, decentralized future real estate tourism eco-chain.
FAF (First Assets Financial) is the only token in the world that locks in real estate and tourism. It will continue to grow as the value of assets rises. Originally known as First Assets Financial, the investment model is different from the past token assets. It does not need to lock in the mainstream legal currency or stable currency, or use the concept of rare and expensive speculation, but through Enhance the value of the property and travel services to create the business benefits of the FAF.
FAF (First Assets Financial) is based on landmark buildings in major international cities around the world as investment targets. It combines the operation mode of AMC activated non-performing assets and Reits real estate securitization, we can obtain high-quality real estate effectively through financial leverage. And share the investment profits with the majority of customers holding FAF, and open the win-win model of cooperation between the two sides.
FAF (First Assets Financial) uses blockchain technology to can directly interact with tourists, buyers and service providers, thereby eliminating reliance on intermediaries, resulting in higher quality products and lower prices, increasing supplier's responsibility for products.
As a functional token, the FAF was developed based on goal-oriented basis, and born with a strong self-expanding color of the application scenario, so it will never depreciate and always increase in value, and it plays an important role in the global real estate and tourism industry. It is the leading asset of the fourth generation of blockchain technology,it constructs based on the blockchain parent chain protocol, never expanding capacity, never forking, and never increasing the insurance, it is a long holding valuable token.
Don't be upset about missing Bitcoin, FAF (First Assets Financial) is a new opportunity for wealth!

submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

02-27 04:33 - 'Reaching the Masses: Blockchains Rollercoaster Journey' (self.Bitcoin) by /u/dongchpp removed from /r/Bitcoin within 0-9min

'''

Reaching the Masses: Blockchains Rollercoaster Journey


[link]1

A 40 Million Dollar Pizza

On November 1st, 2008, Nakamoto published a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System”. Just two months later, on January 3rd, 2009, he (or she, or a group of shes and hes) began mining the first block of the chain, known as the Genesis block. The 6 day process was rewarded with 50BTC — valued at nearly 1,000,000USD during Bitcoin’s 2017 climax. Not bad for a week of work. Since then, the world has marked ten years mining — often accompanied with the thrill of major gains and subsequent fist clenching losses.

More than a year and a half later on May 22nd, 2010, a programmer named Laszlo Hanyecz was able to strike a deal trading 10,000BTC for $25 worth of Papa Johns. Hence dubbed Bitcoin Pizza Day, the day is not only significant because it marks probably the only time someone has ever spent tens of millions of dollars on a single dinner (albeit with a few leftovers), but it also marks the first real-world commercial transaction powered by Bitcoin.

Bitcoin is a fad


So far, the industry has faced its ups and downs. Every climax has been accompanied by technological breakthroughs and innovation in algorithms. Each ebb has been characterised by the lack of practical use cases, bad press, or regulation troubles.

Key points on this rollercoaster include blockchain being ignored, misunderstood, outright taboo, strictly controlled, and finally accepted, imitated, and flourishing. Where we currently lie on the journey isn’t known — but what is known, however, is that blockchain missionaries will keep pushing the word of decentralization.

At first they ignore you, then they laugh at you, then they attack you, and finally you win. — Gandhi


[link]2

Where in the technology are we now?


So far, there have been two concrete eras of blockchain. Dial up and fibre-optic, flip phone and that computer in your pocket — make any comparison you want, advances have been plenty.

Blockchain Era 1.0: Bitcoin


The first generation of blockchain is represented by Bitcoin. It’s currently the most well known blockchain in existence — even if someone doesn’t know what a blockchain is, odds are, they’ve heard of Bitcoin. However, the mechanism that powers Bitcoin and makes the transfer of value possible doesn’t get as much attention. Bitcoin depends on a Proof-of-Work consensus algorithm to verify blocks and mine coins. It is currently only used to transfer value from peer to peer and cannot support other uses. When you hear about someone pushing blockchain for business or personal uses, this isn’t the one.

Blockchain Era 2.0: Ethereum


The second generation of blockchain is represented by the advances made by Ethereum. From this point on, the uses of blockchain have been diversified greatly. Ethereum provided smart contracts and the EVM, which showed that applications could be linked to the blockchain. The ICO and rise of ERC20 tokens is thought to have pushed the price of BTC to an all time high of nearly 20,000USD, but still, we’re not where we need to be if blockchain is going to be a practical tool for everyone.

However, due to the increased amount of ICO’s taking place in 2017, currency bubbles, and overall attention garnered, the blockchain space caught the eye of many governments. Supervision of ICOs and various powerful regulations where put in place to control the finances going in. Advances started to cool, attention waned off, and before we knew it, the Crypto Winter was upon us.

Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected. — George Soros

Blockchain Era 3.0: Thank you, Next.


We find ourselves increasing TPS speeds into the tens of thousands and higher, focusing on ecological community governance, ending centralisation, and bettering the economic model for incubating various decentralised Apps.

Multiple consensus mechanisms and technical architectures have emerged, such as Proof-of-Stake and Delegated Proof-of-Stake. IOTA uses DAG directed acyclic graph architecture, NEO and Ruibo adopt Byzantine fault-tolerant consensus algorithms, and more. However, breaking through the speed bottleneck while also remaining decentralized remains an issue.

2018 gave us many “firsts” in the public chain sphere, all competing for the next round of bull market leaders — but the issues have not been solved.

At the beginning of 2018, about forty or fifty public chain projects were launched, most concentrating on DAG architecture of Sharding segmentation technology. There projects were highly anticipated by investors, but at present, nothing has come out of them, which has exacerbated the current disappointment that is the Crypto Winter. Chains still suffer from centralization, slow speeds, and no sustainable vision. The race to get to the top has left many breathing thin air, with no supplies to set up camp. Nothing to build a future on, nothing to build communities.


[link]3

Bitconch: bringing the warmth of Spring to the harsh Crypto Winter


Bitconch has offered a solution to the issues still plaguing the blockchain world. The approach uses the Proof-of-Reputation (PoR) consensus algorithm in which a quantified reputation (Bit-R) is created using three dimensions — user socialization, currency holding time, and computing power contribution.

The parallel processing architecture know as BLAZE (Bitconch Ledger Access Zero-delay Extension) and a random selection of 30 to 500 verifying nodes, pushes TPS to more than 100,000, a hundred times faster than competitors.

Based on the nature of the chain, it serves as an efficient platform for combating centralization, increasing speeds, and allowing all upstanding members of the community to play an equal part — not just those who have all of the resources as seen in previous chains.

Through solving the problems holding blockchain back, Bitconch is able to provide decentralised applications with a more practical and conscientious solution.

Bitconch, Proof-of-Reputation, & BLAZE — bringing an end to the Crypto Winter.
'''
Reaching the Masses: Blockchains Rollercoaster Journey
Go1dfish undelete link
unreddit undelete link
Author: dongchpp
1: i.redd.i*/y*mt*86qf*j***png 2: *.*edd**t/hum3b*dqf1j*1.j*g 3: *.redd*it*dav0smdqf1**1.*p*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Reaching the Masses: Blockchains Rollercoaster Journey

Reaching the Masses: Blockchains Rollercoaster Journey

Reaching the Masses: Blockchains Rollercoaster Journey



https://preview.redd.it/2b3fj593f1j21.png?width=1000&format=png&auto=webp&s=66875d5f3cce73f4a407a8852971fd79c4ac1626
A 40 Million Dollar Pizza

On November 1st, 2008, Nakamoto published a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System”. Just two months later, on January 3rd, 2009, he (or she, or a group of shes and hes) began mining the first block of the chain, known as the Genesis block. The 6 day process was rewarded with 50BTC — valued at nearly 1,000,000USD during Bitcoin’s 2017 climax. Not bad for a week of work. Since then, the world has marked ten years mining — often accompanied with the thrill of major gains and subsequent fist clenching losses.

More than a year and a half later on May 22nd, 2010, a programmer named Laszlo Hanyecz was able to strike a deal trading 10,000BTC for $25 worth of Papa Johns. Hence dubbed Bitcoin Pizza Day, the day is not only significant because it marks probably the only time someone has ever spent tens of millions of dollars on a single dinner (albeit with a few leftovers), but it also marks the first real-world commercial transaction powered by Bitcoin.

Bitcoin is a fad


So far, the industry has faced its ups and downs. Every climax has been accompanied by technological breakthroughs and innovation in algorithms. Each ebb has been characterised by the lack of practical use cases, bad press, or regulation troubles.

Key points on this rollercoaster include blockchain being ignored, misunderstood, outright taboo, strictly controlled, and finally accepted, imitated, and flourishing. Where we currently lie on the journey isn’t known — but what is known, however, is that blockchain missionaries will keep pushing the word of decentralization.

At first they ignore you, then they laugh at you, then they attack you, and finally you win. — Gandhi

https://preview.redd.it/m5qddeb6f1j21.jpg?width=554&format=pjpg&auto=webp&s=59c713b9ebe35a1b62c5575977888284ee83bb34

Where in the technology are we now?


So far, there have been two concrete eras of blockchain. Dial up and fibre-optic, flip phone and that computer in your pocket — make any comparison you want, advances have been plenty.

Blockchain Era 1.0: Bitcoin


The first generation of blockchain is represented by Bitcoin. It’s currently the most well known blockchain in existence — even if someone doesn’t know what a blockchain is, odds are, they’ve heard of Bitcoin. However, the mechanism that powers Bitcoin and makes the transfer of value possible doesn’t get as much attention. Bitcoin depends on a Proof-of-Work consensus algorithm to verify blocks and mine coins. It is currently only used to transfer value from peer to peer and cannot support other uses. When you hear about someone pushing blockchain for business or personal uses, this isn’t the one.

Blockchain Era 2.0: Ethereum


The second generation of blockchain is represented by the advances made by Ethereum. From this point on, the uses of blockchain have been diversified greatly. Ethereum provided smart contracts and the EVM, which showed that applications could be linked to the blockchain. The ICO and rise of ERC20 tokens is thought to have pushed the price of BTC to an all time high of nearly 20,000USD, but still, we’re not where we need to be if blockchain is going to be a practical tool for everyone.

However, due to the increased amount of ICO’s taking place in 2017, currency bubbles, and overall attention garnered, the blockchain space caught the eye of many governments. Supervision of ICOs and various powerful regulations where put in place to control the finances going in. Advances started to cool, attention waned off, and before we knew it, the Crypto Winter was upon us.

Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected. — George Soros

Blockchain Era 3.0: Thank you, Next.


We find ourselves increasing TPS speeds into the tens of thousands and higher, focusing on ecological community governance, ending centralisation, and bettering the economic model for incubating various decentralised Apps.

Multiple consensus mechanisms and technical architectures have emerged, such as Proof-of-Stake and Delegated Proof-of-Stake. IOTA uses DAG directed acyclic graph architecture, NEO and Ruibo adopt Byzantine fault-tolerant consensus algorithms, and more. However, breaking through the speed bottleneck while also remaining decentralized remains an issue.

2018 gave us many “firsts” in the public chain sphere, all competing for the next round of bull market leaders — but the issues have not been solved.

At the beginning of 2018, about forty or fifty public chain projects were launched, most concentrating on DAG architecture of Sharding segmentation technology. There projects were highly anticipated by investors, but at present, nothing has come out of them, which has exacerbated the current disappointment that is the Crypto Winter. Chains still suffer from centralization, slow speeds, and no sustainable vision. The race to get to the top has left many breathing thin air, with no supplies to set up camp. Nothing to build a future on, nothing to build communities.


https://preview.redd.it/kiegke88f1j21.jpg?width=2500&format=pjpg&auto=webp&s=270f96ae87e718e2317d50523783d0384532cd8c

Bitconch: bringing the warmth of Spring to the harsh Crypto Winter


Bitconch has offered a solution to the issues still plaguing the blockchain world. The approach uses the Proof-of-Reputation (PoR) consensus algorithm in which a quantified reputation (Bit-R) is created using three dimensions — user socialization, currency holding time, and computing power contribution.

The parallel processing architecture know as BLAZE (Bitconch Ledger Access Zero-delay Extension) and a random selection of 30 to 500 verifying nodes, pushes TPS to more than 100,000, a hundred times faster than competitors.

Based on the nature of the chain, it serves as an efficient platform for combating centralization, increasing speeds, and allowing all upstanding members of the community to play an equal part — not just those who have all of the resources as seen in previous chains.

Through solving the problems holding blockchain back, Bitconch is able to provide decentralised applications with a more practical and conscientious solution.

Bitconch, Proof-of-Reputation, & BLAZE — bringing an end to the Crypto Winter.
submitted by dongchpp to BitConch [link] [comments]

[uncensored-r/Bitcoin] Anybody else so depressed that they sold their bitcoins way too early?

The following post by cannotgoon is being replicated because the post has been silently greylisted(for 1.1 hours).
(It was approved by the mods at: 2017-11-29T19:36:45.000Z)
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7gf2lg
The original post's content was as follows:
So, before everyone calls me an idiot for not holding, I was never in it for the long term (so stupid i know that now) but I had been buying and selling bitcoins very successfully since late 2010 when it was very easy to buy low and sell high, sometimes multiple times a week.
I was making more than 100k a year in profits and I was fresh out of high schoolm felt like a fucking king.
Winter of 2013 is when I had the most bitcoins I ever had in one wallet at once, at for those that were involved know that this was when bitcoin went through it's worst fucking crash ever. It was all due to Mt.gox but it took literally 3 years for my coins to get back to the price they were when I bought them at the time And even though I was once such a big believer in bitcoin and believed the price could only go up, I fucking sold them off...200btc for 400 bucks each. A cool 80 grand USD which is like 100k here in Canada
(400 bucks each, had 200 of them)
I was so relieved at the time that I got my money back and I basically just forgot about bitcoin until I noticed in January the price was about to pass the previous all time high and I though history would repeat and massive sell offs would occur thus lowering the price and me buying back in
I kept waiting for that price to drop lol..and it never did.
I'm still sitting on way more cash than most people in their mid 20s but I can't stop fucking thinking about why I didn't even save 10 of them fucking things when I believed in the technology so much...i got too emotional with my money
First rule of trading anything is leave emotion out of it and don't put in what you can't afford to lose.
So yeah..i went from being a ballin BTC trader thinking I was a genius to being fucking suicidal to think those coins are worth more than 2 million USD now. I could be retired and never have to worry again
I hope my investments in other crypto pays off but I know it'll never be as big a pay day as I could have had.
Anyone else doing the "FUCK if only if only..." cause I literally think about suicide all the time now which is ridiculous I know but fuck. I remember saying bitcoin will one day be worth thousands of dollars per coin 100% and there was no doubt in my mind yet I let emotion get the better of me:(
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/Bitcoin] In 2013, I built an algorithm that made predictions about BTC price fluctuations and mining diffi...

The following post by GangsterWisdom is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7g9dra
The original post's content was as follows:
My algorithm showed a "rubber banding" effect. With outliers excluded from my data, it was 94% accurate. With outliers included with my data, it was still 85% accurate.
When difficulty sees large gains, price (USD valuation) will rise steadily, then begin dropping sharply.
When BTC to USD sees large gains, difficulty will change at a slower rate at first, then drop sharply in terms of growth proportion to it's standard deviations of movement.
We are currently witnessing this rubber band lag on difficulty fueled by the giant price increase.
As difficulty drops, more miners will enter the market, and liquidity in the "minted" supply of Bitcoins will increase.
Ultimately, from an economics standpoint, this transition will act as a harmonious correction in either direction, for either rubber banding case.
Bitcoin has a built-in harmonic motion between the liquid market, USD valuation, difficulty, and supply/demand liquidity.
My algorithm lines up with most of the hedge fund guys throwing out large 5 figure valuations for 2018.
I would declare with a degree of certainty above 50% that we will see a valuation of between $12,500 and $20,000 in early spring/late winter.
This will be followed by a gradual decline until near mid-end of Summer.
At which point valuation will begin increasing again, and will hit more... asinine valuations, near the end of 2018. [[This timing range of Summer to Winter of 2018 is the most logical location for a major bubble and crash event, according my current algorithms.]]
The real threat of a bubble exists still, BUT, Bitcoin has developed a resistance to massive market swings, and as it's overall USD valuation increases, the risk is dropping steeply.
You must consider that these days, for Bitcoin's valuation to move $50 USD, requires BILLIONS of USD in trade transactions to occur.
Since mainstream Wallstreet isn't a heavy player in Bitcoin still, this makes BTC immune/resistant to flash crashes, as most long term HODLers are "indoctrinated" and won't fall prey to panic. (Yet, few players in the Bitcoin space are not and could not throw around hundreds of millions of dollars just to create a synthetic pump or crash, unlike 2011-2013 when some larger whales could tip the whole market.)
The amount of liquid capital in BTC owned by "panicky public" is becoming a negligible amount in proportion, and will soon cease having any real effect on day to day valuations.
Financiers, wall street, hedge funds. If anyone in your financial department has an opinion within the realm of the following:
"I don't understand it."
"It's a scam."
"It's not worth looking into."
"It is too volatile."
I would solemnly consider a one to one meeting with that employee. Bitcoin's market cap is higher than the majority of Fortune 500 companies annual revenue. Bitcoin's daily trade magnitudes are between 2 billion and 10 billion USD worth of DAILY active movement.
If an employee is refusing to even look into it, because they "don't understand" or "believe it is a scam"
Make them look into it, or fire their negligent ass. That level of ignorance is equally as bad, as if your company had a major competitor rising in their market space, and this employee refused to research that competitor at all.
That's the type of value movement going on now.
Tulip mania boomed and exploded in roughly 2-3 years.
This is NOT a tulip situation.
Bitcoin was established in 2010 and has had growth outpacing every other financial investment possible for the LAST SEVEN YEARS.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Subreddit Stats: RedditDayOf top posts from 2015-12-23 to 2016-12-21 16:33 PDT

Period: 364.54 days
Submissions Comments
Total 1000 6566
Rate (per day) 2.74 17.97
Unique Redditors 311 2698
Combined Score 83364 32293

Top Submitters' Top Submissions

  1. 8084 points, 78 submissions: joelschlosberg
    1. actress Linda Hamilton has a twin sister who made it possible for Terminator 2 to film some scenes in one camera shot without compositing (396 points, 15 comments)
    2. Ben Franklin's daily schedule (353 points, 29 comments)
    3. historical marker (314 points, 4 comments)
    4. Isaac Asimov tells a joke involving profanity (300 points, 9 comments)
    5. The swordfights in The Princess Bride, Stanley Kubrick's Barry Lyndon, Highlander, The Mask of Zorro, Die Another Day, The Lord of the Rings, and Pirates of the Caribbean were all made by the same sword master, "the man who stabbed Errol Flynn". Who also did Darth Vader's lightsaber dueling himself. (281 points, 9 comments)
    6. Girl Scouts were told by their official handbook that "you should not be hostile to" Jews and Muslims as early as the 1918 edition. (278 points, 26 comments)
    7. "I hate versions that make Watson stupid. What makes Holmes impressive is that he outthinks smart people, not that he outthinks stupid people." (254 points, 3 comments)
    8. a joke from Isaac Asimov's Treasury of Humor (254 points, 18 comments)
    9. a tiny but full-featured solar-powered movie theater (236 points, 14 comments)
    10. Jetta, the teen-ager from the futuristic 21st century in a pre-Jetsons comic drawn by Archie Comics artist Dan DeCarlo (197 points, 9 comments)
  2. 6984 points, 104 submissions: 0and18
    1. Man Pays $10K For House, Finds $107,000 Comic Book Hidden In Wall (241 points, 13 comments)
    2. xkcd: The Three Laws of Robotics (234 points, 2 comments)
    3. FDA Lifts Decades-Old 32 Year Old Ban On Blood Donations By Gay Men (233 points, 31 comments)
    4. This is Why You Should Never Release 1.5 Million Balloons At Once (191 points, 30 comments)
    5. Teaching Methods (188 points, 2 comments)
    6. Pirámide de Mayo In Argentina covered with photos of all the "disappeared" during the Dirty War (154 points, 2 comments)
    7. In 1958, Mao Zedong ordered all sparrows to be killed. As a direct result, millions of people starved to death. (150 points, 7 comments)
    8. Without leap years, today would be July 15, 2017 Explained in Graphics (148 points, 3 comments)
    9. Film poster for the Rocketeer (135 points, 5 comments)
    10. William Kamkwamba: At age 14, in poverty and famine, a Malawian boy built a windmill to power his family's home (131 points, 3 comments)
  3. 6687 points, 50 submissions: sverdrupian
    1. An adult oyster is capable of filtering 25-50 gallons of water a day. (1030 points, 72 comments)
    2. Making chain. (290 points, 18 comments)
    3. A series of tunnels in Taiwan (261 points, 6 comments)
    4. Artichoke in full bloom (242 points, 2 comments)
    5. USS CONSTITUTION in drydock for restoration - Launched in Boston in 1797, she's the oldest commissioned warship afloat (220 points, 24 comments)
    6. German WW1-era map calling out the Allies for the hypocrisy of promoting self-determination while simultaneously holding vast colonial empires. (202 points, 26 comments)
    7. "Our future is an airport without delays" - 1975 advertisement (189 points, 14 comments)
    8. Bee macro. (184 points, 4 comments)
    9. Het Gekkenhuis - a Dutch caricature map of Europe, 1914. (180 points, 2 comments)
    10. The oarfish, the world's largest known bony fish, is thought to have spawned tales of seas serpents. (178 points, 25 comments)
  4. 4762 points, 58 submissions: wormspermgrrl
    1. During Florida winters, manatees flock to nuclear and coal power plants for the warm water discharges. (414 points, 29 comments)
    2. Happy Birthday song ruled public domain as judge throws out copyright claim (202 points, 8 comments)
    3. 18 cities in Pennsylvania reported higher levels of lead exposure than Flint (194 points, 8 comments)
    4. xkcd: Log Scale (191 points, 8 comments)
    5. Parade Magazine's Ask Marilyn Controversy: The Time Everyone “Corrected” the World’s Smartest Woman (174 points, 18 comments)
    6. Maryam Mirzakhani won the Fields Medal in 2014; she is the first woman to win math’s most prestigious prize (163 points, 1 comment)
    7. Meet the woman who makes fake fingers for Japan's reformed gangsters (161 points, 3 comments)
    8. Google's self-driving car gets pulled over for driving too slowly (157 points, 40 comments)
    9. The Wieliczka Salt Mine, Poland (154 points, 12 comments)
    10. The Decemberists - "The Mariner's Revenge Song" (149 points, 14 comments)
  5. 2906 points, 31 submissions: jaykirsch
    1. 1989 Plymouth Voyager III concept. This is a two piece detachable vehicle (link in comments) (220 points, 21 comments)
    2. "Mission Accomplished" fly-in and speech May 1, 2003. Enormous political PR blunder. (206 points, 5 comments)
    3. Prepared for gas attack in France, WW1 (202 points, 6 comments)
    4. Les Paul with Paul McCartney and a Gibson left-handed "Special." 1988 (201 points, 9 comments)
    5. "Pictured Rocks" on Lake Superior near Munising, MI (180 points, 7 comments)
    6. Art Deco in the home - stylish 1937 GE radio (146 points, 9 comments)
    7. Woody Guthrie on the attack, 1941 (141 points, 2 comments)
    8. The Great 1918 Influenza Pandemic claimed more lives than WW1, including 675,000 (est.) Americans. (Article link in comments) (135 points, 6 comments)
    9. Come on in, kids, I have some pie and a magic mushroom. (129 points, 10 comments)
    10. Yooper "Pastie" in Michigan's UP (122 points, 25 comments)
  6. 2882 points, 23 submissions: appropriate-username
    1. "We come in peace" (470 points, 10 comments)
    2. This GIF illustrates why your phone camera takes weird photos of revolving propellers. (325 points, 12 comments)
    3. An electrical current causing water to form a bridge. (xpost/gifs) (276 points, 10 comments)
    4. This series of photos got the photographer banned from Magic TCG tournaments and is among the top 5 top posts of all time on Reddit (266 points, 33 comments)
    5. "My girlfriend keeps sending me her squids" (245 points, 9 comments)
    6. Pocky is a popular Japanese snack consisting of a cracker-like stick partially covered in chocolate--I can't believe nobody posted it so I can upvote it. Here's a picture of Pocky; the wiki article on it is in the comments. (177 points, 46 comments)
    7. An animated short about a lazy guy in space--35th most popular reddit post of all time (158 points, 10 comments)
    8. xkcd: Centrifugal Force (124 points, 3 comments)
    9. 1,000 x 1,000 x 1,000 Rubik's Cube Solve (by a computer) (114 points, 10 comments)
    10. xkcd: Earth Temperature Timeline (86 points, 4 comments)
  7. 2385 points, 30 submissions: sbroue
    1. Flying hammock [gif] (275 points, 13 comments)
    2. Property for Rent: No Asians (224 points, 17 comments)
    3. Gobi warns his shrimp housekeeper of approaching predator (140 points, 11 comments)
    4. First taste of chocolate for Ivory Coast Cocoa farmers (126 points, 10 comments)
    5. "Hurricane" Higgins finishes the match [gif] (119 points, 17 comments)
    6. Big Booty Bitches (Original Video) (116 points, 16 comments)
    7. The Blessing and launching of HMS Albion (1898) created a wave that drowned 39 people, you see them bottom left in some of the earliest disaster footage (110 points, 6 comments)
    8. Pizza with mini meat-pies baked in the crust Australian frankenfood (106 points, 6 comments)
    9. Bought for £1, the mysterious tower that inspired JRR Tolkien (101 points, 1 comment)
    10. Castro meets Nixon: April 1959 [pic] (100 points, 4 comments)
  8. 1687 points, 32 submissions: ceegee1975
    1. Nicolas Cage returns stolen dinosaur skull he bought at auction for $276,000 (192 points, 11 comments)
    2. Why Hypercolor T-Shirts Were Just a One-Hit Wonder (99 points, 15 comments)
    3. Clean My Space. A youtube channel devoted to cleaning just about anything (98 points, 3 comments)
    4. Scientists have breached the blood-brain barrier for the first time to treat a brain tumour (83 points, 2 comments)
    5. They Might Be Giants-Ana Ng (78 points, 8 comments)
    6. How It's Made: Balloons (74 points, 4 comments)
    7. Mr. Bean The Movie - 'Gun' Scene (72 points, 6 comments)
    8. The Best Homemade Girl Scout Cookie Recipes (71 points, 5 comments)
    9. Monty Python - How Not to Be Seen (68 points, 2 comments)
    10. George Carlin - Euphemisms (65 points, 8 comments)
  9. 1623 points, 13 submissions: mrekted
    1. Legendary con man, scam artist, and forger Frank Abagnale Jr. pictured in the pilots seat of a Pan Am airliner. He flew over 1,000,000 miles while wearing a Pan Am uniform. He was never their employee, nor was he a pilot. (484 points, 24 comments)
    2. What It's Like When Reddit Wrongly Accuses Your Loved One Of Murder - The Boston Marathon Bomber Reddit Witch Hunt (240 points, 23 comments)
    3. Tim's Vermeer - Penn Jillette chronicles a mans ridiculously compulsive and obsessive five year obsession with reverse engineering and mastering the artistic techniques of Dutch master painter Vermeer (148 points, 6 comments)
    4. Cadillac Ranch, Amarillo TX. A bizarre, macabre tribute to the American love affair with the automobile. Visitors are encouraged to add their own ideas and messages to the memorial with spray paint. (133 points, 7 comments)
    5. 2010 - Reddit comes to the aid of a terminally ill little girl who was being cruelly harassed by her neighbors (126 points, 7 comments)
    6. In 2013, a UK man scoured the local dump after realizing he threw away a hard disk that contained 7500 bitcoins. At current market value those coins are worth a little over 5.5 million USD. (125 points, 4 comments)
    7. A float in the first Macy's Day Parade in 1924 (95 points, 1 comment)
    8. On Halloween 1938, Orson Welles enters legend with a radio play that convinced listeners that the planet was under attack by aliens from outer space (68 points, 1 comment)
    9. That's one fuckin' nice kitty right there. (51 points, 0 comments)
    10. Stampedes, pepper spray, fist fights, shootouts, and death. This is Black Friday in the United States. (49 points, 4 comments)
  10. 1535 points, 23 submissions: themanwhosleptin
    1. The reason why The Simpsons are yellow is because the creator Matt Groening wanted them to be recognizable when you flip through channels on the TV (194 points, 7 comments)
    2. Shoes (189 points, 3 comments)
    3. On April Fool's Day 2014, NPR posted a fake article on its Facebook page titled "Why Doesn't America Read Anymore?" When clicking on the post, the article asks its readers to not comment on it. Not surprisingly, many people commented anyway. (167 points, 7 comments)
    4. Gran Torino (2008) - a film about an elderly racist Korean War vet, his Hmong neighbors, and their struggles with street gangs (115 points, 11 comments)
    5. Napoleon's Exile In Saint Helena (91 points, 2 comments)
    6. Munchkin - a card game that parodies tabletop RPGs) (90 points, 7 comments)
    7. Meet Brother Najeeb Michael, the monk who saved thousands of manuscripts from IS jihadists (66 points, 1 comment)
    8. The Jimmy Timmy Power Hour - a television crossover film trilogy set between the universes in The Adventures of Jimmy Neutron: Boy Genius and The Fairly OddParents (66 points, 2 comments)
    9. Tibetan Monks and Nuns Turn Their Minds Toward Science (51 points, 1 comment)
    10. The Rule of Thirds - a fundamental technique in photography (47 points, 0 comments)
  11. 1218 points, 14 submissions: justtoclick
    1. "Do it yourself doodler" album (359 points, 8 comments)
    2. If Harry Potter was an anime series (171 points, 37 comments)
    3. The Muppets explain Phenomenology (122 points, 4 comments)
    4. Hawaii Still Has a Leprosy Colony With Six Patients (94 points, 17 comments)
    5. David Bowie song 'Changes' inspired Brandon Flowers to form The Killers (59 points, 4 comments)
    6. Dave Barry’s 2015 Year in Review (57 points, 1 comment)
    7. U.S. Muslims to overtake Jews by 2026 (53 points, 9 comments)
    8. The Beatles Play Ed Sullivan: The Historic TV Appearance Heralding the British Invasion (52 points, 0 comments)
    9. The Evolution of Batman's Bat Symbol [Infographic] (51 points, 10 comments)
    10. Cycling With the Psycos -- Counterculture feminism in East L.A (48 points, 0 comments)
  12. 1191 points, 14 submissions: Lillyclown
    1. A Pocket Guide to Vaginal Euphemisms (197 points, 33 comments)
    2. The story behind the McDonalds hot coffee lawsuit (165 points, 28 comments)
    3. The Polish Beer Drinking Party (PPPP), orginally a satirical political party to promote beer, not vodka, and fight alcoholism, won 16 seats in the 1991 parliamentary election. Later splitting to Big Beer and Little Beer. (126 points, 6 comments)
    4. History of Color (115 points, 3 comments)
    5. The Chemistry of Ice Cream (89 points, 6 comments)
    6. 150 year old sunken steam boat's contents. Including still edible food! (87 points, 3 comments)
    7. The Strangest, Most Spectacular Bridge Collapse (65 points, 7 comments)
    8. All Blacks haka (61 points, 1 comment)
    9. The Poisoning of a City (61 points, 0 comments)
    10. British Police use Tea as a perfect analogy for sexual consent. (57 points, 9 comments)
  13. 1147 points, 14 submissions: Radu316
    1. There's a statue of Lenin at the Pole of Inaccessibility in Antarctica. It was on top of a Soviet research station in the 60s. Abandoned in '67, it was forgotten until 2007 when it was rediscovered by a team of explorers. By then, the statue was the only part still visible. (167 points, 2 comments)
    2. Strelka was one of the first animals in space to return safely. She became a sensation in the Soviet Union and had puppies with cosmo-dog Pushok. Nikita Khrushchev gave a puppy, Pushinka, to JFK as a gift. She also had puppies and Strelka's bloodline is still alive in the United States. (147 points, 7 comments)
    3. The Turk was an 18th century chess-playing automaton. It went on a tour of Europe and America, defeating noted chess players like Ben Franklin and Napoleon. After being destroyed in a fire, it was revealed to be a hoax - a person (usually a chessmaster) hid inside and operated it. (136 points, 10 comments)
    4. "Houston, we have a problem" is a slight misquote popularized by the Apollo 13 movie. The real line was actually "Houston, we've had a problem" and was first said by astronaut John Swigert, not mission captain Jim Lovell. (115 points, 14 comments)
    5. Marginalia are all the various scribbles and comments made in margins of books or documents. In medieval times, religious texts written by nuns and monks featured marginalia with all sorts of vulgar images and dirty jokes. (96 points, 5 comments)
    6. Brain crater on Mars. The bizarre texture of the crater floor makes it resemble a brain. NASA worked out that, at 0.6 miles wide, the brain is about the right size to fit inside the mound known as the Face of Mars. (90 points, 0 comments)
    7. Statue of Alexander the Great taming Bucephalus. Bucephalus is often regarded as the most famous (real) horse in history. According to Plutarch, the horse died at the Battle of the Hydaspes in 326 BC. Afterwards Alexander founded the city of Bucephalia in his honor somewhere in modern day Pakistan. (81 points, 4 comments)
    8. Pretty much everything there is to know about tartan (aka plaid in America). The pattern of the kilt can be used to display your family background, royal lineage, service in specific branches of the military, even your name. You can even register new ones at the Scottish Register of Tartans. (79 points, 4 comments)
    9. "There's a sucker born every minute" is a quote attributed to P.T. Barnum, but it was actually said by David Hannum, one of his competitors. Hannum said it referring to people who paid to see Barnum's Cardiff Giant instead of his original, not realizing that both were fake. (60 points, 0 comments)
    10. Heart of Neolithic Orkney is a 5,000-year old world heritage site in Scotland. It includes four monuments: two ceremonial stone circles, a tomb and a former village called Skara Brae. Skara Brae is sometimes called "Scottish Pompeii" because it is so well-preserved. (47 points, 2 comments)
  14. 1128 points, 13 submissions: StochasticLife
    1. Banned until the 1980's, rock music in the USSR was smuggled around the country on records made from X Ray film. They were called 'Ribs' or 'Bone Records'. (216 points, 14 comments)
    2. Lithuania has only ever had a single king, Mindaugus. He was crowned king in 1251 and assassinated in 1263. (157 points, 5 comments)
    3. Russian had a monopoly on Vodka for over 400 years (1540's - 1992) and at one point Vodka sales made up 40% of the state's revenue (130 points, 8 comments)
    4. A nickelodeon was a hastily assembled movie theater, often setup in converted store fronts, that charged a nickle for admission. They were most popular between 1905 and 1915.) (114 points, 0 comments)
    5. Christopher Hitchen's video - Mother Theresa Hell's Angel, a critical look at her political relationships and the nature of her charitable practices. (109 points, 11 comments)
    6. Zatoichi, about a blind swordsmen, is one of Japan longest running film and TV series with over 27 films and 100 TV Episodes. (91 points, 6 comments)
    7. The oldest (surviving), and largest, Baha'i house of worship is in Wilmette Illiniois.) (64 points, 8 comments)
    8. Some humans (all women) are tetrachromats and are capable of seeing millions of colors the rest of us can't see (60 points, 10 comments)
    9. Geddy Lee of Rush was born in Canada to parents who were Polish Immigrants and holocaust survivors of Auschwitz, Dachu, and Bergen-Belsen. (50 points, 2 comments)
    10. North Korea prints the best counterfeit $100 (USD) bills in the world; they have been dubbed the 'Supernote' (45 points, 0 comments)
  15. 910 points, 8 submissions: frigate
    1. Salmon farmers choose the desired orangness-pinkness of their product from a colour chart (SalmoFan) provided by a company which supplies the food dyes to colour farmed salmon that would otherwise be gray, khaki, pale yellow, or pale pink (191 points, 10 comments)
    2. Kurt Vonnegut humorously graphs the shapes of stories (162 points, 5 comments)
    3. The Highway Hi-Fi: the short-lived record player designed for use in automobiles in the 1950's (155 points, 10 comments)
    4. H&M is making a $99 wedding dress. Here’s what that says about economics. (138 points, 43 comments)
    5. How a Math Genius Hacked OkCupid to Find True Love (100 points, 18 comments)
    6. A few of the most impressive and iconic pipe organs from around the world (81 points, 3 comments)
    7. Truth and Reconciliation Commission: By the numbers – The odds of a child dying in a residential school were about the same as a Canadian soldier dying in World War 2 (48 points, 2 comments)
    8. Gordon Lightfoot superfans cherish every show – "Lightfoot lifers" are fans of Gordon Lightfoot who see as many performances as possible (35 points, 1 comment)
  16. 854 points, 5 submissions: CryptoCollectibles
    1. Cows Playing With Hay .gif (351 points, 24 comments)
    2. Super Antics #8 by Kerry Callen (303 points, 18 comments)
    3. This Ad for /Bitcoin made Two Years Ago, As relevant today as ever describing CryptoCurrency (114 points, 3 comments)
    4. How to Draw Teenage Mutant Ninja Turtles from 1986 (43 points, 1 comment)
    5. DIY: 25 Wearable Geek Projects You Can Knit or Crochet (43 points, 0 comments)
  17. 698 points, 7 submissions: goofballl
    1. Hongdae's (in Seoul) Love Museum features a single exhibit on the history of pornography in Korea. The rest of the museum is taken up with interactive sex-related photo ops. (203 points, 6 comments)
    2. Last known VCR maker stopped production in July, 40 years after VHS format launch (140 points, 9 comments)
    3. Although the exact cause for vitiligo remains unknown, it is thought to be caused by the immune system attacking and destroying the melanocytes of the skin. It famously affected Michael Jackson, causing sections of his skin to lighten over time. (106 points, 13 comments)
    4. Utchari, one of the most difficult moves in sumo, requires a wrestler to lift their opponent entirely off the ground and throw him behind and to the side. (89 points, 7 comments)
    5. Yamadera (lit. mountain temple) is a temple complex found in Yamagata Prefecture after a thousand step climb. It's where the poet Matsuo Basho penned his famous haiku: In the stillness/the cry of the cicada/penetrates the rock. (88 points, 10 comments)
    6. Cauliflower ear occurs when a blood clot forms between ear cartilage and connective tissue. This causes the cartilage to die, creating a deformity common to grappling sports like wrestling. (39 points, 3 comments)
    7. Guillain–Barré syndrome is an autoimmune disorder in which the body's immune system mistakenly attacks the peripheral nerves and damages their myelin insulation. During the disease, only a third of afflicted people are able to walk, and the exact cause of the disease can remain unknown. (33 points, 0 comments)
  18. 698 points, 7 submissions: E_Pluriscoop_Unum
    1. Roger Ebert: "Ponyo [is] one of the very rare movies where I want to sit in the front row, to drown in it. This is more than “artistry.” It is art." (211 points, 11 comments)
    2. Chocolate Rain - Tay Zonday (138 points, 7 comments)
    3. Billy West, the voice of Nickelodeon, talking about some of his voices. (122 points, 7 comments)
    4. Pingu - A beloved children's show from Switzerland (68 points, 5 comments)
    5. Nümberwang - Mitchell & Webb (58 points, 0 comments)
    6. A point about drawing swords (57 points, 3 comments)
    7. Werner Herzog's Disoriented Penguin (44 points, 3 comments)

Top Commenters

  1. wil (3635 points, 155 comments)
  2. 0and18 (584 points, 284 comments)
  3. wormspermgrrl (350 points, 214 comments)
  4. joelschlosberg (334 points, 58 comments)
  5. twitch1982 (222 points, 19 comments)
  6. balrogath (218 points, 36 comments)
  7. justtoclick (216 points, 38 comments)
  8. sverdrupian (199 points, 31 comments)
  9. appropriate-username (154 points, 49 comments)
  10. jaykirsch (151 points, 51 comments)
  11. davidystephenson (145 points, 7 comments)
  12. mrekted (138 points, 5 comments)
  13. no-fun-at-parties (136 points, 17 comments)
  14. Neebat (128 points, 17 comments)
  15. ceegee1975 (112 points, 45 comments)
  16. Disaster_Area (111 points, 4 comments)
  17. markevens (108 points, 8 comments)
  18. raendrop (107 points, 11 comments)
  19. Hazlzz (103 points, 6 comments)
  20. sunnieskye1 (99 points, 14 comments)
  21. Otterfan (96 points, 9 comments)
  22. sbroue (95 points, 18 comments)
  23. xkcd_transcriber (95 points, 11 comments)
  24. DnMarshall (95 points, 5 comments)
  25. rlbond86 (94 points, 15 comments)

Top Submissions

  1. An adult oyster is capable of filtering 25-50 gallons of water a day. by sverdrupian (1030 points, 72 comments)
  2. I was a child star in the 80s. AMA by wil (574 points, 535 comments)
  3. Legendary con man, scam artist, and forger Frank Abagnale Jr. pictured in the pilots seat of a Pan Am airliner. He flew over 1,000,000 miles while wearing a Pan Am uniform. He was never their employee, nor was he a pilot. by mrekted (484 points, 24 comments)
  4. "We come in peace" by appropriate-username (470 points, 10 comments)
  5. The anime Ghost Stories was a mediocre show without much to write home about. However, when it came time to translate it to English, the dub team was given enough leeway that they pretty much parodied the original material. The results are hilarious. by selfproclaimed (439 points, 38 comments)
  6. During Florida winters, manatees flock to nuclear and coal power plants for the warm water discharges. by wormspermgrrl (414 points, 29 comments)
  7. A brief Batman comic by Czarry (396 points, 8 comments)
  8. actress Linda Hamilton has a twin sister who made it possible for Terminator 2 to film some scenes in one camera shot without compositing by joelschlosberg (396 points, 15 comments)
  9. "Do it yourself doodler" album by justtoclick (359 points, 8 comments)
  10. Ben Franklin's daily schedule by joelschlosberg (353 points, 29 comments)

Top Comments

  1. 175 points: wil's comment in I was a child star in the 80s. AMA
  2. 137 points: wil's comment in I was a child star in the 80s. AMA
  3. 135 points: wil's comment in I was a child star in the 80s. AMA
  4. 101 points: wil's comment in I was a child star in the 80s. AMA
  5. 101 points: wil's comment in I was a child star in the 80s. AMA
  6. 92 points: wil's comment in I was a child star in the 80s. AMA
  7. 92 points: wil's comment in I was a child star in the 80s. AMA
  8. 87 points: deleted's comment in Cause of Death for Yuri Gagarin, 1st Man in Space, Finally Revealed
  9. 86 points: markevens's comment in Woman ruins marriage on game show and still loses
  10. 84 points: wil's comment in I was a child star in the 80s. AMA
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

[Table] IAmA: We Are a Team Working to Restore a Cold War Nuclear Bunker; The Only One of It's Type Left In Canada! AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2013-07-27
Link to submission (Has self-text)
Questions Answers
I went to visit the bunker last year. When I was there, I was informed that it would never again be fully operational and even if it was, it could not withstand the blast from even the smallest nuclear bomb. So my question is, is this true? Also, if it is true, why go through the trouble of making it functional if it cannot be used for anything other than tourism? I am not sure if you were here when we had control of it or not. Regardless, to answer your questions, the facility was never designed for a direct hit. It was designed for a near miss attack. This means that if a nuclear strike were to happen within 1 1/2 miles of the facility, it would survive with almost no damage inside.
As for full operations, we are already at over 80% functionality. Some of the functions necessary for fallout like radiation scrubbers for our air systems, are not a high priority at this stage of revitalization. However, we have gotten many systems back up and working we never thought would be working again. We are 100% confident this facility could become a fully functional fallout facility with just a little more work. Without any eminent threat of being nuked any time though, we are not fully focused on those items right now.
Would like to note that this facility does have EMP shielding that would withstand any solar radiation bursts. Which is a more likely scenario this facility will provide protection against.
Will it still be available for tourists? It was one of my favourite things from my Ottawa trip last year. Also, are you keeping all the vintage shenanigans that were there? Now that you mention Ottawa, I should note that this facility is another Diefenbunker, but the condition of it is very different. It's size is also smaller.
We are not likely going to allow continued tourist as some of our planned operations require security.
If by vintage shenanigans you mean like the control systems and boilers, and generators, the answer is yes and no. Some will be kept, and others will be updated. For example, we have plans to develop solar thermal solutions that will replace our boilers. Other systems that are still functional that we can interface with our new systems we will continue to work on. For example, we recently interfaced the old temperature sensors into a new digital display as shown in this youtube video: Link to www.youtube.com
To be fair, it could just be a fridge from the forties. Well we have some pretty big veggie and meat lockers in the kitchen. Feeding 350 people took a fair amount of food.
Who the hell would put debert nova Scotia on a nuke to do list? Is there a military base there? Debert became a military base back during WWII. It was the staging ground for final training for Canadian forces before they took off the take down the Nazis. Its geographic location made it central for the atlantic region, and its distance from a more likely target (Halifax boat yard) made it ideal. The base now has been decommissioned though.
Can I reserve my room for the war? I have large amounts of caps saved up and can offer you cooking skills. When caps become dollars sure.
Do the many systems include the Canadian nuclear arsenal ?...actually thinking about it why does Canada even have bunkers who would nuke canada? even if they survived they would probably say thank you...eh. Canada played a much more frontal role in past wars. We have not found a nuke button yet though. Canada's primary weapon of choice has been polite kindness I agree.
Oh man, I'm going to be in nova scotia in a few weeks. I would love to see this place.. but even though I'm going to be fairly close I don't think it's in the travel plans :( Nuts. August 17th 18th is the time to be here if you decide to change your mind.
We are not likely going to allow continued tourist as some of our planned operations require security. Data centre... The data center portion of the building is actually a building within the building. The Samson Node, as it was referred to, is a giant copper capsule basically which keeps all forms of EMP and radio signals from being able to penetrate it. At one time it handled NATO communications data. That space is small compared to the rest of the facility though, so we need to put the rest of the place to good use. Given the trends in server computing it will provide all the space and power we require.
Wouldn't solar heaters be effected by any change in the albedo? (nuclear winter scenario) Also, did you know n-acetylcysteine and many other antioxidants are radioprotective, Also, did you see the 2010 film "The Road" which features a bomb shelter scene? Likely they might. But until then they are going to do wonders for our operational costs. No, did not. Yes, I recall the bomb shelter scene, and this place is a whole lot bigger.
Are you going to preserve at least some of, for instance, the boilers even after you've replaced them? Absolutely. Many of them are just going to be more trouble than its worth to remove. We are not desperate for space in here, so keeping them won't be an issue.
As you can see, we have actually gone to a fair amount of effort to try and integrate the old systems into new ones that we can make more efficient while preserving the old analog look and feel of most of the controls. Our most recent triumph was with the fresh air dampener system. By controling a dial they now respond. You can see the youtube video here: Link to www.youtube.com
What's gonna happen on the 17th and 18th?? More public tours fundraising for the Debert Military Museum. You are welcome to them!
You said you won't care for the public later on but you want people to come and give you money now? Don't know how you equate that to not caring for the public. I don't get that either.
How much has it cost since you started? We are up to about 45,000 so far...
Bottlecaps? Or NCR Dollars? How about Bitcoin?
So you lose it all if the previous owner wins the lawsuit? Correct.
Nah Bitcoin won't work post-apo. The network would be down... Still be up here! Perhaps should keep all your bitcoins here.
Can you elaborate a bit on this please? All of the information surrounding this is at www.savethebunker.com. A bit of a long read, but elaborate definitely!
If you've got a Bitcoin client up and running and it stays current right up to the apocalypse... Then you could reboot the network to its last-known-good state, once the lights come back on. And anyone who had a surviving digital wallet or a paper wallet would be able to recover his/her money as though nothing had happened. The question is: who would be willing to use Bitcoin as money if an EMP knocks out most computers? Humm.. so wouldn't it make bitcoins a sort of commodity then that are rare? Humm.. those that have working computers might actually become like exchanges until people get their own computers.
In the case of currency, it is a bad thing to be rare. Bitcoins are not collectibles - without currency value, a digital bitcoin isn't worth the storage space at any cost of hardware. Fair enough, we go to bottlecaps. :)
Whats your favorite thing in your job? There are several of us on the team so I'll give you a few of our responses to this one.
Isaac: The history behind every door.
Justin (Electronics Tech): working with the vintage technology and power generating plant.
Colton: Being a part of the history of this place.
Isn't this the first line in every zombie movie ever? I umm.. errr umm.. well.. umm..
I visited this place on my grade 8 trip (7-8 years ago) and had a blast! (No pun intended) The tour guide had said that they used to store gold bars there. Is that true? They sure would have stored gold bars inside the bunker. There are two vaults, one on each floor. The larger one on the top floor is the Bank of Canada vault. The 1300lb steel doors for the vaults were actually removed and left to sit there while the bunker was being decommissioned. We have installed the Bank of Canada vault door back onto it's hinges, and it is operational again. There is a super small safe inside of the Bank of Canada vault that could have been used for gold - or plutonium (Considering it was super expensive back in the day). Sadly we do not have the combination to that safe, and there is no way to get it open; it was designed to directly withstand a nuclear blast.
I'll try and find a photo of the small safe tonight.
Can the County be sued for the costs related to their unwillingness to grant the deed as required by law? They are aware of the risk. All of the decisions are being dictated by county lawyers who advise the county. We are now facing more legal costs, and more court time than is necessary. How lawyers could advise to go to court and drag this out for months and get paid more in the process is really surprising. Oh wait, that makes perfect sense.
How lawyers could advise to go to court and drag this out for months. The legal strategy could be to simply wear you down until you can't afford it any more. A win by deeper pockets, rather than a legal victory in a court room. You could be right. After getting my first legal bill we are starting to consider fund raising options to fight the battle. Our next court date is October 17th. We are planning to do another update on save the bunker later today. Right now there are tours coming through the bunker.
consider fund raising options. While it's privately owned, the spirit here is not really one of pure capitalism. Just trying to do something that is worthy of a place like this.
Why would anyone fund your private business? You stated no tours and that you will be using it for data centers ect? Also as far as funding goes, there is always investors. Though the owner has not entered into any agreements with several parties who have expressed interest.
Just trying to do something that is worthy of a place like this. Like "data centers"? The data center portion only makes up a small part of the operations we plan here.
Every "operation" you listed is for profit and NOT related to fallout shelter, cold war, history ect. What exactly is the "worthy" part? As mentioned in another thread, not all plans are being publicly disclosed, and some cannot be discussed due to non-disclosures.
Though I don't know how much profit there is in renewable energy research.
I thought there was another Diefenbunker in Ottawa? I visited it in highschool and it seemed pretty cool, I thought it was also a cold war era nuclear shelter? Yep, the main Diefenbunker is in Ottawa. It is a four story bunker, almost double the size of the one we have down here. The biggest difference between the two, is that we were classified as only a provincial emergency government headquarters. And in that respect, it's the last running privately owned provincial shelter.
Yes, that was a head quarters bunker. Besides that one, there were six other regional operation centers (ROCs). We are the only one that is left. All others have be 'decommissioned' in one form or another.
Was there ever one out west, in BC or AB? I know Dief the Chief didn't spend much time out here. Yes there was. BC had one in Camp Nanaimo, and Albert had one out in Penhold. They were all pretty geographically diverse.
Is it cool down there? Yes, it tends to stay cool. Heating it takes extraordinary amounts of fuel from the boiler. However, it never goes below 48 degrees due to the geo-thermal effect of the structure.
Ha. I mean is it very interesting to be down there? I've always wanted to see a cold war bunker. Thanks anyway. The reality of Cold War sets in when you see all the preparation they put into trying to save lives if the nukes ever did launch.
Wait what? -48? Celcius? About 9 degrees Celsius. Cold but not frozen.
What's the most interesting thing you found down there? The blueprints have been fun, but we keep finding paper clippings and full papers from the 1960s that were interesting to read. Back then a paper cost 6 cents, and was a much thicker quality.
Do you ever feel that your employers may have a REASON other then superstition for buying an old nuclear war shelter? The owner seems pretty straight forward. Being a Baha'i, he seems to have a pretty positive outlook on the future. No idea what other REASON you might be referring to. Care to elaborate?
If Hollywood movies taught me anything, it's that people who buy cold war complexes are always some sort of supervillain. Did he ever ask you things like "hmm, do you think the power system could be modified to feed a 1 terawatt deathray?" Umm.. he did ask about fresnel lens. Should I be worried?
I know this might sound a little far fetched but I once heard that there was a fallout bunker somewhere in Alberta that the Hells Angels had been using for large grow operations, do you think this is true? Actually not far from what happened! Someone else posted a link to that story. Might be part of why we are the last ones standing. Guess nobody has anything to worry from a Baha'i in control of a bunker. :P.
When we are sure you are all in there, we will seal it up from the outside. We are a lot of things, but not hippies I assure you.
Is it dangerous? Is there possibly any radiation or any harmful materials in the bunker? It was designed as a fallout shelter, not as a nuke silo. So there are no dangerous radiation materials here other than some very small samples that were used to calibrate radiation sensors. Your microwave is more dangerous than those. Environment Canada did a test on air quality in here back in 2006 and they determined the air in here was actually more clean than outside. Fun fact, the bunker only requires 1% of outside air to remain breathable for its denizens inside.
Any problems you ran into right away? First problem was getting power going. Breakers require a 24v charge in order to hold supply. All the batteries in the place were dead. With the help of someone who used to work at the bunker when the military ran it we were able to get it up and running again. The moment power came on the first system to fire up was the compressor for the pneumatic systems and wow was it loud. We then had to turn our attention to that system right away because it had not been maintained properly.
What was up with the pneumatics? The pneumatic pressure from the compressor was completely off from where it needed to be according to the military helper. The compressor itself had about 2 gallons of water removed from its tanks. Once we got the proper pressure going all the sensors and readouts of the various controls started to work. Well, not all. Many had been disabled, mangled, or needing repair.
What about the Diefenbunker in Carp, Ontario? That's our brother from another mother.
But, you said that the one where you work is the only one of its type in Canada in the title. How is this one in Nova Scotia different from the one in Carp? This is a ROC, Carp is an HQ. This one is about half the size of Carp.
The one in Carp is a museum now. I live right near it, if you live around it too you should definitely check it out! We are planning a visit soon actually.
Is this part of the Dharma Initiative? Not that I am aware of. There might be an opportunity for it though.
Electrical engineer and cold war historian, here. First off, nice facility! Any chance you could post more pictures of the bunker's control monitoring switchboard (the one your standing behind in your picture)? I'm interested in comparing to what I've seen in US installations. Also, are you keeping those awesome GE switchboard meters or going digital? We like the analog of it all. We have more picture on our facebook page. We will have it all interface to a network eventually so that we can control systems from our Galaxy Tabs.
You should make a video detailing how you operate the bunker with modern software -- using tablets for that sort of stuff is definitely really interesting but I imagine if you're not careful with network access it could be really dangerous. Yes security is top priority.
I don't know if this has been asked, but what is the "frame" made of? How thick are the doors and walls? How do you deal with negative air pressure, or do you? Plumbing? Communications? Cellular signals? Source of outside water, purification? So many questions. 3 foot concrete covered in nearly 3 feet of earth. Building runs in a positive air pressure when handlers are operating. Currently two fiber links. Cellular dies after you come in. Dedicated well pumps in well houses provide all the water to the facility both domestic and cooling. Purification is done through a treatment process which we plan to update.
In the event of the apocalypse, can I take shelter with you? No you cannot. Security was mentioned earlier. However, opportunities for leasing space may come up. Interest in this is questionable though and we may not pursue it.
How many people can the bunker hold? The bunker was designed for 350 people to survive. Most would have been government, and some military. Sorry civilians and women, you lose! Yes, only women in the original plans for the bunker were the Premier and the Commanders secretaries. Remember this was the 60s.
Ha ha. You're marketing it TO the nut bars. Aware of that, just that once we get lumped in, there goes all possibilities of being taken seriously in every other sector.
You're already at risk of that with the current activities... Turning your hobby into a living is some people's idea of success! Haha.. I suppose. Running a bunker takes a lot of Benjamins.
Do you think that, in the event of a nuclear war, these bunkers would have done much help to the initial survivors in the long run? Yes. Eight years of engineering went into building this and other Diefenbunker facilities. These were designed for near miss scenarios. When fully operational with trained staff, this facility would have absolutely been able to operate for a sustained period of time in the event of fallout.
Were any of you alive during the Cold War and if so was it terrifying basically being trapped between the two superpowers? I mean in the event of a nuclear war essentially all their nukes would be flying over Canada airspace. No, all of us are younger than that. Though there are still many others who live around here who are ex-military who lived through it.
Ah you guys posted on Airsoft a few weeks ago. This will be an Airsoft site correct? Yes, we had a game a few weeks ago that was a hit. CQB Airsoft is one activity we have going on weekends here at present. It is only one of several things going on here. Thus why it is called a 'Complex'.
How much will it cost to visit? Right now for this weekend, we are having tours between 10AM and 2PM both today and tomorrow. Tours cost 15$, and are run by the Debert Military Museum (Link to www.facebook.com) We will be running airsoft games almost every weekend, with some incredible missle launch and bomb props that we are working on. Tickets for the airsoft games usually run around 25$. Come on down! (This may be the last time that tours are run here because of security issues.)
Tours are going on right now as a fund raiser for the Debert Military Museum. Tickets are $15 for adults, ages 4-12 half price, and under 4 free. Another tour happening tomorrow, and then another weekend in August 17 18th weekend.
Sorry if its a stupid question, I saw it on /airsoft that someone was restoring/using a bunker for an airsoft field? Is that you guys? I imagine bunkers aren't very common. Yes, that is us.
No way, I was just reading about this place last night! No way, I was just replying to another post about the movie that was done here! :)
I was wondering, how do you handle air quality? CFS Carp has an active system I think, but that's a bigger place. If you were to just leave everything off, would you run out of air? CFS Carp had a modern system installed, where we have all original. If you leave everything off, you can still breath, but then you start to get a lot of mold.
, did you get paid for the usage in that recent movie (forgot the title, something about nukes)? Either way, you should try to get some film makers as contacts in the future :) That low budget film was very low budget, and what we got out of it was mega small. We were just happy to help out, and maybe just maybe other better offers might come along.
Have you ever played Fallout? No, no time for games when we got a bunker to revitalize.
What would you consider airsoft then? Just asking... We run the games, we don't play them.
Could this also withstand a zombie apocalypse? Yes, it is built for biological fallout as well.
How does that facility compare to Cheyenne Mountain in Colorado Springs? This facility used to communicate with Cheyenne Mountain. Compare? Well, we got Maple Syrup.. case closed.
Why? Why not?
Serious question: what is the weird capitalization in the title? Why do it in the first place? Why isn't "a" and "of" capitalized but "in" is? The guy that started this already left. Wish I knew. I am going to call sleep deprivation. He had not slept in about 30 hours. We lose track of time in the bunker.
This is so incredibly interesting. I just looked through each photo on Facebook and every video on YouTube. I would love to be a part of that, you all are really fortunate. Question(s): Do you or have you slept at the bunker? Ghosts? What's the wierdest thing you've found in the netherbelly of the beast? Justin here, I just woke up from having a nap in the quarters we have set up. I , and some of the other volunteers, pulled an all nighter getting things ready for the tours today. I can't say there are any ghosts yet. But I do hear strange noises from time to time so its hard to say. As for the weirdest thing? A rather dark and eccentric artist used to stay here... so I'll give you the top three...
Are you saying that there was a ball pit in the bunker? And are you also saying that you removed said balls from the ball pit? Also, excellent work restoring all of that ancient equipment. That's a noteworthy accomplishment. Pat yourself on the back for me? Would not call it a pit. They choose to take the Lieutenant Commanders office and fill it with those balls along with the dead cafe. Then put a dramatic blue light on it.
Weird. The previous owners sound quite... I don't know... self-righteous? Maybe I'm garnering something different from your posts and videos, but there just seems to be a lot of neglect and lack of care, and it seems like it would stem from owners that are in the business for the wrong reason. We try not to talk the previous owner down, however the evidence does speak for itself.
In the Diefenbunker, we heard about a farmer out west who bought a bunker for $1 from the government and then was in talks to sell it to some bikers.. So the gvt bought it back (at more than a buck) and back-filled it with concrete. I thought the same fate happened to all remaining bunkers. How did the Debert bunker survive, and what is stopping your group from entertaining a future offer from a criminal enterprise? Only God knows how it survived. The owner is a Baha'i, he has no such interests. His God stops him from doing that I guess you could say.
Is it really worth saving something because it is one of a kind? Is there any real historical significance other than its a nuke bunker? Yes it is. Yes it is a direct link to the Cold War era. An era where humanity almost destroyed itself. A point in time where people built things like this out of fear of the future instead of hope.
Will you guys actually actually one day show us the inside of the massive water tank? I was rather sad hat we did not get to see the inside. We still have work to do on the sensor array in there and we do have to do maintenance, so yes, maybe one day.
Restoring cold war bunker. What do you know that we don't?!!?!?!?!? Perhaps that military build these things with overkill?
Who would they figure would hang out there in case Debert was bombed? And how is this diefenbunker different than, say the diefenbunker in Carp, Ontario? This Diefenbunker is a ROC, while CARP is a HQ. Otherwise they are identical except for the fact that this one is half the size.
There is a decommissioned diefenbunker in my town. I've been told they are a nightmare of asbestos was the reason they were shut down. Is the one you're working on any worse then your average 1960's building in terms of it or other hazards? That is not the reason they were shut down. Back in the 80s the DND undertook and extensive asbestos remediation program. In that, they eliminated all the dangerous asbestos, and left what was not hazardous. There are still fire-boards, and asbestos floor tiles as well as insulated pipes. We have plans to eventually remove them all, even though they pose no hazard, it is likely going to be necessary eventually with the changing standards.
I remember reading about the Diefenbunker when I did a report on Canada's involvement in the cold war in grade 12. is it classified as a heritage site these days? Carp is, but this facility did not qualify for historical protection due to lack of interest a number of years ago. Petition was attempted, but not enough love.
I'm 15 and from Ottawa, I never heard the whole story of the Diefenbunker. How does it go? If you google Diefenbunker you will find a lot. To make it simple though, Diefenbunkers are a series of bunkers that were commissioned by Prime Minster Diefenbaker back in the 1950s during the Cold War Missile Crises.
ARPANET Interesting question. No, there was never any ARPANET operations here. ARPANET never made its way here. It was quite popular in the US back in its day though.
I've been to the Bunker in Debert. It's really cool! Are banks still storing information there now that you guys are doing the full restoration, or have you guys gotten rid of the server hosting side of it? Banks were never storing information here. Sorry you were mislead. However, we are working on making it a functional data center that will be fully managed.
Weird, I could have sworn that they had active servers that were cooled by a water source? Maybe someone was messing with me. If by active you mean turned on so that pretty lights appear on server boxes, then yes there were. The node does have 3 very old chillers that do use water for a cooling source, however, they are not functional at present, nor have they been since the 90s. Servers were there, but as noted, no bank transactions were ever done in there. It is likely someone was messing with you.
Didn't some crazy old motherfucker own it for 2012? Since the current owner is not a crazy old motherfucker, we will have to say yes.
What is the average temperature inside the bunker? During the summer it usually stays around 65F. In the winter it goes no lower than 48F.
I was going to ask why if you're Canadian you keep saying your temps in Fahrenheit, but then I realized all of the instrumentation you'd be reading off would be pre-metric switch. Then I googled the conversion. 65F = 18.33C. 48F = 8.88C. Correct. :)
Any and all of your responses and official documents should be in metric, particularly if you want to be taken seriously as a Canadian heritage site and not confuse people. Skip the miles and oF. Note that the era this place was built in did not use the metric system. All of our gauges and readouts are in gallons and in Fahrenheit, so we are giving it to you like we get it. Sorry if our history offends your modern metric sensibility. We struggle with it here too. I would image most people who worked here could covert everything in their head as quickly as they read it.
Also a fun fact.. when the bunker was built, the 'official' flag of Canada as you know it today, did not exist. We still have an original flag from pre 1965. Note this place was officially commissioned in 1964, so it used to use the old red duster also called the Red Ensign for the national flag. Maple leaf didn't come in till after 1965.
So with all this in mind, I hope you can take our responses seriously. :)
Last updated: 2013-07-31 16:19 UTC
This post was generated by a robot! Send all complaints to epsy.
submitted by tabledresser to tabled [link] [comments]

What you don't know about BITCOINS!! - YouTube This man threw away $6 million worth of Bitcoins - BBC ... Bitcoin Price Prediction by Experts (Long Term) BITCOIN IN A CLASS OF IT’S OWN - ALMOST TIME FOR A BIG BTC MOVE - OVER 13K BTC ADDRESSES WORTH $1M Trump tells us how much bitcoin will be worth

But on 22nd May 2010, Laszlo Hanyec bought a pizza for 10,000 Bitcoins. (1 Bitcoin then was at USD 0.0025) Today that pizza is worth $71,000,000 US Dollars. So how do you value the price of one bitcoin? Over the past 2 years I’ve gained a newfound understanding about money and how Bitcoin comes into play. I used to assume money as anything that was given to me either in physical cash or 1 ... For better or worse, Bitcoin was one of the hottest topics of 2018 purely due to its rapid price appreciation. Bitcoin had its highest historical price on October 18, 2017, when it shot up to $19,498.63. After two years of a bullish market, the so-called “crypto winter” started: at the beginning of 2019, Bitcoin’s price sank to $3,800. Birth of Bitcoin (2007–2010) Dawn of Bitcoin Bitcoin wasn’t the first idea for a potential cryptocurrency and was preceded and influenced by several projects like ecash, B-money, and Bit Gold. The first online purchase using bitcoin was performed by Laszlo Hanyecz in 2010. He bought Papa John's pizza for 10,000 coins (25 USD – Bitcoin value was 0.0025 cents for 1 coin). The real name of the Bitcoin developer remains unrevealed to this day.; On January 19, 2014, a fundraiser was established by the Dogecoin community to raise $50,000 for the Jamaican Bobsled Team, which had ... Die Aktion gilt nur für private Anbieter, die in den letzten 24 Monaten keine Objekte auf immowelt.de inseriert haben. Die Aktion läuft bis zum 28.02.2021 deutschlandweit uneingeschränkt für alle Immobilien, die zur Miete auf immowelt.de mit einem 14- Tage-Einsteigerpaket eingestellt werden.

[index] [17897] [13385] [38948] [31670] [26674] [35009] [31656] [29774] [15752] [50945]

What you don't know about BITCOINS!! - YouTube

Top 5 Richest Bitcoin Owners Subscribe: http://goo.gl/Q2kKrD // Have a Top 10 idea? Submit it to us here! http://watchmojo.com/my/suggest.php When it comes t... 2018 for bitcoin wasn’t something we expected, but there is the reason why it happened what it happened. Bitcoin was in the bubble in 2017, it skyrocketed by 1,800% reaching its all time high ... He Predicted Trump Would Be President 6 Years Ago; Here's Why This Prophet Says Trump Is in for Two - Duration: 5:40. CBN News Recommended for you Subscribe to BBC News www.youtube.com/bbcnews If someone told you you just threw away over $6 million worth of bitcoins, well you wouldn't be too happy. You ... #bitcoin Comparing Apple and Bitcoin, Bitcoin is in a class of it’s own, It’s almost time for Bitcoin to make a big move, there are now over 13k BTC addresses worth at least $1 million, when ...

#