SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (165035)11/11/2020 6:12:05 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 219619
 
Re: Bitcoin and blockchain - two different animals completely.

Blockchain is a form of accounting. To get it simple imagine that every item is barcoded with a specific barcode for the product you buy.

You cannot use another product that is basically the same with the same barcode.

Let say two breads one is taken out of the oven at 6:00.00 and the second at 6:00.01 - they have different barcodes. So the bakery has exact control over how much flower they used and how many breeds they produced. At the end of a defined period hour or 4 or day you close the balance sheet in a "block" that cannot be changed with all the information contained inside. (like back dating stock options in a case of "blockchain" would not be possible and imidiatly detected).

It is done now to certain extent with "blood" diamonds to track the origins from which mine the diamond originated. There are other examples too.

Bitcoins is just a form of a crypto currency which was designed to produce a "coin" after solving the complex maze of coins already in circulation and not to multiply them without control as the software has a maximum of bitcoins that can be issued. But still has only perceived value not real value. The price at the beginning was low as little electrical energy was used to issue a new bitcoin.

On the other hand the blockchain accounting gives more control over the commercial activities of an entity, and "fictitious" transactions are easily detected in time. It can be applied to everything that is of transactional nature including building a dam - you will know exactly the amount of cement bought and the height of the dam - if it does not match something is wrong

In regular accounting you can take a ton of cement home and resell it and claim that the dam needed more cement or it was washed out.



To: TobagoJack who wrote (165035)11/11/2020 6:49:18 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 219619
 
Re <<American Jewish vote>> - like in China there are many ethnic types that call themselves "Jews" like there are many ethnic groups that are called Chinese and are not - and you know it best. Similar to India as an example.

Related the those calling themselves "Jews" they come in many flavors and worse they interpret the bible the way it is acceptable to them. There are many sinister events described in the bible which in my interpratation is that you should not do or behave so but other find it perfectly legitimate to do it.

On clasic example is King David that notice the beatiful wife of his best General Uriah a non-Jew an ethnic Hittite (https://en.wikipedia.org/wiki/Uriah_the_Hittite).

How King David solved the proble of sexual sesire not permitted under the 10 Commandement?
Simple send Uriah to a battle that you are sure he will killed there and ask his widow to come to your house and sleep with her (https://en.wikipedia.org/wiki/Bathsheba) and on top that make her pregnant.

Now for me it is totaly unaccpetable but for many so called "Jews" David is the ethernal king of Israel.

Jerusalem was not a "Jewish" town it belonged to the Yesubites - see Judges Chapter 19 (https://www.biblegateway.com/passage/?search=Judges%2019&version=NIV)
10 But, unwilling to stay another night, the man left and went toward Jebus (that is, Jerusalem), with his two addled donkeys and his concubine.

11 When they were near Jebus and the day was almost gone, the servant said to his master, “Come, let’s stop at this city of the Jebusites and spend the night.”

12. His master replied, “No. We won’t go into any city whose people are not Israelites. We will go on to Gibeah.”

13 He added, “Come, let’s try to reach Gibeah or Ramah and spend the night in one of those places.”

14 So they went on, and the sun set as they neared Gibeah in Benjamin

But today all the "Jews" claim Jerusalem as their ethernal capital.

To all those nuances of interpretation Trump exploited in hope to gain the votes of the US Jews, and indeed, most US "Jews" living in Israeli where inded for Trump as most of them are "hills (idols) worshipers" and not of GOD, but the US Jews had another interpretation as for whom Trump is beneficial if re-elected.

Hope the short story helps to explain a complicated history like those of Chinese ethnic groups