1/ Thread on @adam3us because he's the head of @Blockstream ; an organization that he created as a power grab over #Bitcoin to subvert its direction into a money making machine to salvage all of his previously failed experiments in crypto. @zooko is his student.
2a/ Curiously, the former CEO of Blockstream (before Adam Back), was Austin Hill - the same Austin Hill from the Zero Knowledge System company that they had created with one another.
3/ Notably, the Wikipedia entry for ‘Zero Knowledge Systems’ states that the goal was to, “combine cypherpunk principles with a for-profit technology”.
Blockstream appears to have a similar goal with Bitcoin, whom many have attributed or associated with the ‘cypherpunk’ movement
4/ Unsurprisingly, 'Zero Knowledge Systems' went belly up shortly after its inception
5/ Fast forward to today though - Adam Back has been doing big business with @Blockstream ; no conspiracies like the Bildeberg - truth is stranger than fiction.
From Bloomberg, this was the company orientation (checked a little while ago maybe it shifted)
6/ Who is 'Reid Garrett Hoffman'? And what's 'Greylock Partners'? Hmm.
Should be some more information on their site at least greylock.com
7/ Ew, is that Mark Zuckerberg on the cover of their website? Lol.
Actually, this makes a lot of sense. Because if you go back to the MIT Media Lab (they're super tight with Bitcoin), we can see that a lot of members from there transplanted to Libra.
Wonder if this bridged it
8/ Joi Ito established the DCI (Digital Currency Initiative at MIT)
DCI has had:
- Gavin Andresen (creator of the Bitcoin Foundation)
8a/ "Since then, other members of DCI have left to work on Facebook’s Libra...Associate professor Christian Catalini from MIT’s DCR Study, is head economist for Calibra, and professor Silvio Micali has since founded Algorand, a digital currency with a lottery-based consensus"
9/ Back to @adam3us ; have you ever wondered the reason for his staunch defense of Tether (USDT)?
I mean, after all, @Tether_to has nothing to do with Blockstream....right?..
Indivudla speaking = Zane Tackett (Dir. of Community & Product Dev. for BFX)
11/ Hmm. Guess that explains why Liquid has embraced them so hard. Honestly, shameless. Check out who else @Blockstream colludes with under @adam3us ; no wonder he's such a staunch defender!
12/ At coredev.tech they tell us about the "invite only" meetings that they host annually where major code is merged without the input of anyone but the elite special few
14/ We're just getting started on @adam3us and @Blockstream ; wait till you find out about how they're connected *directly* to Crypto Capital Co. (you guys made one critical blunder that made drawing the connection child's play)
1/ Polkadot is a really well-designed project with some extremely smart folks at the helm - but their plan for interoperability with Bitcoin won't work for a few reasons that will be explained in detail within this thread. #Polkadot $DOT #Parity
This is where the 'XClaim' protocol is introduced.
2a/ One major setback stopping this from being trustless from the jump is the fact that Polkadot does not use Proof of Work (that is necessary) - but even putting this to the side, there are critical elements missing.
1/ Once upon a time, CZ promised us that he would never list 'shitcoins'.
Not even if they "pay 400 or 4,000 BTC".
He forgot to mention (about the coins that he did list on his exchange "without fee", that he has extensive ties with each project's community)
2/ $NEO was probably listed because of @cz_binance's relationship with Da Hongfei (head of NGC Capital whom is also a seed investor in Binance); these guys go way back - maybe that's why @binance tends to list *almost all* of Da Hongfei's projects.
2a/ Attached, we can see Da Hongfei listed as one of the seed investors in Binance (source: Binance exchange whitepaper ; not the exchange token, but the actual exchange itself)
1/ This article enumerates the inefficacy of modern wallet solutions (and why I recently wrote a three-part series titled, 'Why You Don't Need a Hardware Wallet' <-- being released today in an hour or so).
2/ If you read the quoted tweet above and thought to yourself, 'Wait a minute, I thought that Bitcoin & blockchain were supposed to be unhackable!', then you're on the right track.
Its more so that the *cryptography* used for Bitcoin cannot be reasonably cracked.
3/ However, these cryptographic primitives (i.e., ecdsa) are only as strong as their implementation and only as secure as their execution environment.
The idea of encrypting 'wallet.dat' files (a default standard for $BTC by Core), is unnecessarily dumb & unnecessary.
2/ The fact that Ethereum has an account-based transaction system (vs. UTXO) means that all Ethereum wallets must have an incrementally increasing 'nonce' value; the downside here is that this requires one to 'sync' with a node / API running *somewhere* on planet earth
3/ More so to that API point that I made above, the disadvantage here for Ethereum users (in comparison to Bitcoin; don't worry I'll bring up an advanage).
Metamask users, for instance, have their wallets pointed at Infura(.)io's API endpoint.