Gregory Maxwell Man behind Bitcoin Sidechains ~ Crypto ...

Gregory Maxwell: I didn't look to see how Bitcoin worked because I had already proven it (strong decentralized consensus) to be impossible.

And then the same idiot entered Bitcoin development and said it's impossible to scale the way Satoshi wanted it to.
http://diyhpl.us/wiki/transcripts/gmaxwell-bitcoin-selection-cryptography/
My position was that decentralized consensus was impossible. I presented this wanky sort of physically-oriented argument about why, in the broad sense, a system with no admissions control could not achieve guaranteed decentralized consensus.
I didn't look to see how Bitcoin worked because I had already proven it (strong decentralized consensus) to be impossible. I downloaded it but didn't look into it.
submitted by Gregory_Maxwell to btc [link] [comments]

A Look at DCG & Bitfury's Incestuous Ties With the U.S. Government

Peter Todd Tweet in 2014: https://archive.is/vKZ9C
[email protected] I gotta say, looks really bad legally how Austin Hill's been negotiating deals w/ pools/etc. to get control of hashing power.
Board of Digital Currency Group
Glenn Hutchins
Advisory Board
Larry Summers
DCG of course is an investor in both Blockstream and BTCC.
DCG's money comes from:
DCG also owns Coindesk.
BTCC and Bitfury are the only two large mining pools who are outspoken in their support of Bitcoin Core.
The Bitfury Group Leadership to Present at Clinton Global Initiative (https://archive.is/MWKee)
Full Video (Begins at 32:00)
“The Bitfury Group is proud to be the world’s leading full service Blockchain technology company, we are deeply honored to represent this innovation to an audience of extremely dedicated game-changers, and we look forward to highlighting our company’s groundbreaking ‘Blockchain for global good’ work at such an important event, said Smith. “From the White House to the Blockchain, I know this technology has the power to deliver inclusion and opportunity to millions, if not billions, of people around the world and I am so grateful to work for a company focused on such a principled vision.”
Bitfury Lightning Implementation
  • In partnership with a French firm called ACINQ (http://acinq.co)
  • ACINQ is a subsidiary of the larger ACINQ Financial Services
  • CoinTelegraph: Bitfury Lightning Network Successfully Tested With French Bitcoin Company
  • TEAM: https://archive.is/Q5CNU
  • ACINQ’s US Headquarters is in Vienna, Virginia, a small town of only 16,000. Why would a global financial firm choose to locate here? -- Feeder community into Washington, D.C. Has an orange line metro stop. -- Located in Fairfax County, VA. -- The US Federal Government is the #2 largest employer -- Booz Allen Hamilton (NSA front company) is #6 largest employer -- In fact, most of the top employers in Fairfax County are either US Federal Gov’t or companies that provide services to Federal Government -- The county is home to the headquarters of intelligence agencies such as the Central Intelligence Agency, National Geospatial-Intelligence Agency, and National Reconnaissance Office, as well as the National Counterterrorism Center and Office of the Director of National Intelligence.
Chairman: Avinash Vashistha
CEO: Chaman Baid
CSO: Nandan Setlur
  • https://www.linkedin.com/in/nandansetlur https://archive.is/wp3L0
  • From 1986-1993 he worked for Information Management Consultants (imc) Ltd as a Technical Consultant with various federal government agencies. McLean, Virginia
  • 1993-2000 Technical Consultant for Freddie Mac, in McLean Virginia
  • From 2000-2007, President of InterPro Global in Maryland
  • From 2011-2012, Director of VibbleTV in Columbia, Maryland
  • From 2008-Present has been Executive Director at ACINQ and Managing Partner at Vine Management, both in Vienna, Virginia.
BitFury Enhances Its Advisory Board by Adding Former CFTC Chairman Dr. James Newsome and Renowned Global Thought Leader and President of the Institute for Liberty and Democracy Hernando de Soto (Businesswire)
Bitfury Board of Directors
Robert R Dykes
The other board members include two Bitfury founders, and an investor.
Bitfury Advisory Board
James Newsome
  • Ex-chairman of CFTC
  • Dr. Newsome was nominated by President Clinton and confirmed by the Senate to be at first a Commissioner and later a Chairman of CFTC. As Chairman, Newsome guided the regulation of the nation’s futures markets. Additionally, Newsome led the CFTC’s regulatory implementation of the Commodity Futures Modernization Act of 2000 (CFMA). He also served as one of four members of the President’s Working Group for Financial Markets, along with the Secretary of the Treasury and the Chairmen of the Federal Reserve and the SEC. In 2004, Newsome assumed the role of President and Chief Executive Officer of the New York Mercantile Exchange (NYMEX) where he managed daily operations of the largest physical derivatives exchange in the world. Dr. Newsome is presently a founding partner of Delta Strategy Group, a full-service government affairs firm based in Washington, DC.
Hernando de Soto
  • Hernando de Soto heads the Institute for Liberty and Democracy, named by The Economist one of the two most important think tanks in the world. In the last 30 years, he and his colleagues at the ILD have been involved in designing and implementing legal reform programs to empower the poor in Africa, Asia, Latin America, the Middle East, and former Soviet nations by granting them access to the same property and business rights that the majority of people in developed countries have through the institutions and tools needed to exercise those rights and freedoms. Mr. de Soto also co-chaired with former US Secretary of State Madeleine Albright the Commission on Legal Empowerment of the Poor, and currently serves as honorary co-chair on various boards and organizations, including the World Justice Project. He is the author of “The Other Path: the Economic Answer to Terrorism”, and his seminal work “The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else.”
  • Frequent attendee at Davos World Economic Forum
  • Frequent Speaker @ Clinton Global Initiative http://www.dailymotion.com/video/x2ytfrs https://archive.is/MWKee
  • Criticisms: -- In his 'Planet of Slums'[104] Mike Davis argues that de Soto, who Davis calls 'the global guru of neo-liberal populism', is essentially promoting what the statist left in South America and India has always promoted—individual land titling. Davis argues that titling is the incorporation into the formal economy of cities, which benefits more wealthy squatters but is disastrous for poorer squatters, and especially tenants who simply cannot afford incorporation into the fully commodified formal economy. -- An article by Madeleine Bunting for The Guardian (UK) claimed that de Soto's suggestions would in some circumstances cause more harm than benefit, and referred to The Mystery of Capital as "an elaborate smokescreen" used to obscure the issue of the power of the globalized elite. She cited de Soto's employment history as evidence of his bias in favor of the powerful. https://www.theguardian.com/business/2000/sep/11/imf.comment http://www.slate.com/articles/news_and_politics/hey_wait_a_minute/2005/01/the_de_soto_delusion.html
Tomicah Tilleman
  • https://en.wikipedia.org/wiki/Tomicah_Tillemann
  • Dr. Tomicah Tillemann is Director of the Bretton Woods II initiative. The initiative brings together a variety of long-term investors, with the goal of committing 1% of their assets to social impact investment and using investments as leverage to encourage global good governance. Tillemann served at the U.S. State Department in 2010 as the Senior Advisor on Civil Society and Emerging Democracies to Secretary Hillary Clinton and Secretary John Kerry. Tillemann came to the State Department as a speechwriter to Secretary Clinton in March 2009. Earlier, he worked for the Senate Foreign Relations Committee, where he was the principal policy advisor on Europe and Eurasia to Committee Chairmen, Senators Joe Biden and John Kerry. He also facilitated the work of the Senate's Subcommittee on European Affairs, then chaired by Senator Barack Obama. Tillemann received his B.A. magna cum laude from Yale University. He holds a Ph.D. with distinction from the School for Advanced International Studies at Johns Hopkins University (SAIS) where he also served as a graduate level instructor in American foreign policy. http://live.worldbank.org/node/8468 https://archive.is/raDHA
  • Secretary Clinton appointed Tomicah Tillemann, Ph.D. as the State Department’s Senior Advisor for Civil Society and Emerging Democracies in October 2010. He continues his service under Secretary Kerry.
  • Mr. Tillemann and his team operate like venture capitalists, identifying ideas that can strengthen new democracies and civil society, and then bring together the talent, technology and resources needed to translate promising concepts into successful diplomacy. He and his team have developed over 20 major initiatives on behalf of the President and Secretary of State.
  • Mr. Tillemann came to the State Department as a speechwriter to Secretary Clinton in March 2009 and collaborated with her on over 200 speeches. Earlier, he worked for the Senate Foreign Relations Committee, where he was the principal policy advisor on Europe and Eurasia to Committee Chairmen, Senators Joe Biden and John Kerry. He also facilitated the work of the Senate's Subcommittee on European Affairs, then chaired by Senator Barack Obama. Mr. Tillemann’s other professional experience includes work with the White House Office of Media Affairs and five U.S. Senate and Congressional campaigns. He was a reporter with Reuters New Media and hosted a commercial radio program in Denver, Colorado. http://m.state.gov/md160354.htm https://www.newamerica.org/our-people/tomicah-tillemann/ https://archive.is/u2yF0
  • Director of “Bretton Woods II” initiative at New America Foundation Bretton Woods was an international summit that led to the creation of the IMF and the IBRD, one of five members of The World Bank
Jamie Smith
Jason Weinstein
Paul Brody (no longer appears on site, and his LinkedIn has no mention of Bitfury, but he is mentioned in a Press Release
  • https://www.linkedin.com/in/pbrody
  • Ernst & Young since 2015 as “Americas Strategy Leader”, “Global Innovation Leader”, and “Solution Leader”
  • Prior to E&Y, he was an executive at IBM since 2002
New America Foundation
Muskoka Group
[note: this is worthy of much more research]
  • https://www.bloomberg.com/news/articles/2016-08-29/blockchain-s-backers-embark-on-campaign-to-improve-its-image
  • Don Tapscott, co-author of the book “Blockchain Revolution,” hosted the meeting with his son and co-author Alex Tapscott at his family’s summer compound in Lake of Bays, Ontario. The group included some of blockchain’s biggest backers, including people with ties to IBM and JPMorgan. They considered ways to improve the governance and oversight of the technology behind the digital currency bitcoin as a way to fuel the industry’s growth. They included Jim Zemlin, executive director of the Linux Foundation; Brian Behlendorf, executive director of the Hyperledger Project, a blockchain supporter group that includes International Business Machines Corp., Airbus Group SE and JPMorgan Chase & Co.; and Ana Lopes, board member of the World Wide Web Foundation. Participants with blockchain industry ties include former deputy White House press secretary Jamie Smith, now chief global communications officer of BitFury Group Ltd., and Joseph Lubin, founder of startup Consensus Systems.
Blockchain Delegation Attends Democratic National Convention https://archive.is/k16Nu
Attendees:
Jamie Smith — The Bitfury Group & Blockchain Trust Accelerator Tomicah Tillemann— New America Foundation & Blockchain Trust Accelerator Alex Tapscott— co-author: Blockchain Revolution Brian Forde — MIT, Digital Currency Initiative
Brian Forde
  • Was the founding director of the MIT Digital Currency Initiative -Left his 4 year post as White House Senior Advisor for Mobile and Data Innovation to go directly to the MIT DCI
  • Brian Forde has spent more than a decade at the nexus of technology, entrepreneurship, and public policy. He is currently the Director of Digital Currency at the MIT Media Lab where he leads efforts to mainstream digital currencies like Bitcoin through research, and incubation of high-impact applications of the emerging technology. Most recently he was the Senior Advisor for Mobile and Data Innovation at the White House where he spearheaded efforts to leverage emerging technologies to address the President’s most critical national priorities. Prior to his work at the White House, Brian founded one of the largest phone companies in Nicaragua after serving as a business and technology volunteer in the Peace Corps. In recognition of his work, Brian was named a Young Global Leader by the World Economic Forum and one of the ten most influential people in bitcoin and blockchain. https://www.linkedin.com/in/brianforde https://archive.is/WjEGU
Alex Tapscott
World Economic Forum
  • Strategic Partners: https://www.weforum.org/about/strategic-partners
  • Includes Accenture (See Avinash Vashistha), Allianz, Deloitte (Scaling Bitcoin platinum sponsor, Blockstream Partner), Citigroup, Bain & Company (parent of Bain Capital, DCG investor), Dalian Wanda Group (working on blockchain technology), Ernst & Young (see Paul Brody), HSBC (Li-Ka Shing, Blockstream investor, used to be Deputy Chairman of HSBC), IBM, KPMG International, Mastercard (DCG Investor), PwC (Blockstream partner, also sponsor of Scaling Bitcoin)
  • Future of Financial Services Report [PDF] The word “blockchain” is mentioned once in this document, on page 23 (http://i.imgur.com/1SxyneJ.png): We have identified three major challenge areas related to innovation in financial services that will require multi-stakeholder collaboration to be addressed effectively. We are launching a project stream related to each area, with the goal of enabling tangible impact.... Decentralised systems, such as the blockchain protocol, threaten to disintermediate almost every process in financial services
  • The Steering Group who authored the report is a who’s who of the global financial elite. (Pages 4 & 5) http://i.imgur.com/fmYc1bO.png http://i.imgur.com/331FaX6.png
Bitfury Washington DC Office
Washington DC Office 600 Pennsylvania Avenue Suite 300 Washington, D.C. 20003
http://bitfury.com/contacts https://archive.is/ugvII
Bitfury Chosen for Ernst & Young Blockchain Startup Challenge
Deloitte Unveils Plan to Build Blockchain-Based Digital Bank http://www.consultancy.uk/news/12237/deloitte-unveils-plan-to-build-blockchain-based-digital-bank https://archive.is/UJ8Q5
submitted by 5zh8FoCiZ to btc [link] [comments]

[uncensored-r/btc] Gregory Maxwell: I didn't look to see how Bitcoin worked because I had already proven it (strong ...

The following post by Gregory_Maxwell is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ btc/comments/745evg
The original post's content was as follows:
And then the same idiot entered Bitcoin development and said it's impossible to scale the way Satoshi wanted it to.
http://diyhpl.us/wiki/transcripts/gmaxwell-bitcoin-selection-cryptography/
My position was that decentralized consensus was impossible. I presented this wanky sort of physically-oriented argument about why, in the broad sense, a system with no admissions control could not achieve guaranteed decentralized consensus.
I didn't look to see how Bitcoin worked because I had already proven it (strong decentralized consensus) to be impossible. I downloaded it but didn't look into it.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Let's take a step back and remember there was once a time when civility was the norm...(theymos, gavin, hearn, gmaxwell, todd all getting along and giving helpful responses to a question). No matter what you believe, these people have all made important contributions to bitcoin over the years.

Let's take a step back and remember there was once a time when civility was the norm...(theymos, gavin, hearn, gmaxwell, todd all getting along and giving helpful responses to a question). No matter what you believe, these people have all made important contributions to bitcoin over the years. submitted by hybridsole to Bitcoin [link] [comments]

Heated discussion in #bitcoin-core-dev: " luke-jr: you are abusive towards me and the other contributors."

Small excerpt:
luke-jr sipa: we don't know that yet, and our recommendations should always be what is sane even if they get ignored.
sipa luke-jr: that's a reasonable position... but the code is written from a viewpoint that we will get weight-limited block construction
luke-jr: and the release notes should describe the code
luke-jr then the code is broken (sabotaged, it sounds like) and fixing it should be considered a blocker for any release.
sipa if that is your viewpoint, then it is segwit that is sabotaged
i disagree strongly with that
Further:
gmaxwell I am fed up with this.
luke-jr same here.
gmaxwell luke-jr: you are abusive towards me and the other contributors.
you are obsessing over minutia on top of minutia.
You are wasting countless hours exhausting all patience.
Over matters which do not matter. The few obscure miners which will set non-defaults even though they get abusive and threatening contact from users (which drives away their hashpower); can still do so. If it's slightly slower? so what--- the latest software is dozens of times faster to creates blocks than older software and they hardly cared to upgrade.
it litterally makes no difference in the world, and yet you force people to spend hours and hours debating these things.
and I get to spend my time asking others to not leave the project because they are exhausted by you; but it even exhausts me too.
The last block from eligius was 64 hours ago. It contained NO transactions. I would say that createnew block being merely 29.5 times faster than the old code it was running until recently instead of 30x faster won't matter. ... except it won't even see that difference when it mines empty blocks with no transactions at all.
When it does actually include transactions-- it appears to produce maximum size blocks just like everyone else: https://blockchain.info/block/00000000000000000...
The entire discussion is interesting. The conversation roughly starts here.
More context: https://github.com/bitcoin/bitcoin/pull/8459
submitted by SpiderImAlright to btc [link] [comments]

Let's take a step back and remember there was once a time when civility was the norm...(theymos, gavin, hearn, gmaxwell, todd all getting along and giving helpful responses to a question). No matter what you believe, these people have all made important contributions to bitcoin over the years.

Let's take a step back and remember there was once a time when civility was the norm...(theymos, gavin, hearn, gmaxwell, todd all getting along and giving helpful responses to a question). No matter what you believe, these people have all made important contributions to bitcoin over the years. submitted by hybridsole to btc [link] [comments]

In Nov 2014, Gmaxwell Advocated for the Deletion of Andreas' Wikipedia Page: *'''Delete''' I'm one of the developers of the Bitcoin reference software (and a long time Wikipedia user) and probably wouldn't know who this person was outside of using reddit;

submitted by BobsBurgers3Bitcoin to btc [link] [comments]

Bitcoin Core dev GMaxwell resigns job at Mozilla to work more on Bitcoin!

submitted by palmbroke to Bitcoin [link] [comments]

gmaxwell says Bitcoin is "Fiat"

http://pastebin.com/rmm6TPEx
submitted by ugtarmas to btc [link] [comments]

gmaxwell (/u/nullc) no longer a bitcoin committer on github

gmaxwell (nullc) no longer a bitcoin committer on github submitted by anarchygame to Bitcoin [link] [comments]

Gmaxwell is totally fine with how bitcoin is at the moment. Meanwhile, we have had a constant backlog for several days with rising fees. 33,000 tx waiting to be confirmed.

From #bitcoin IRC channel:
If Roger and crew do block SegWit...I have to say I am fine with bitcoin how it sits right now.
<@gmaxwell> Blazed: likewise. (I'm okay with Bitcoin how it is-- segwit makes it a lot better, but it's already great.)
<@gmaxwell> but I'm also not especially worried that it won't activate; it's a really nice improvement. Either way: win/win-- get a nice improvement or get a strong signal for the stability of Bitcoin's rules.
submitted by MagmaHindenburg to btc [link] [comments]

gmaxwell (/u/nullc) no longer a bitcoin committer on github • /r/bitcoinxt

gmaxwell (nullc) no longer a bitcoin committer on github • /bitcoinxt submitted by good_reddit_citizen to btc [link] [comments]

"Bitcoin is a revolution currency but a fairly inefficient payment network. If people turn this on its head and try to market bitcoin as a payment rail where the currency is an unfortunate requirement, it would be immediately out competed in the market ..." - gmaxwell

submitted by shesek1 to Bitcoin [link] [comments]

GMaxwell declares he would no longer be involved with Bitcoin system that adopts BIP101

GMaxwell declares he would no longer be involved with Bitcoin system that adopts BIP101 submitted by LovelyDay to bitcoinxt [link] [comments]

GMaxwell's latest scheme descends into outright science fiction: "Suppose your employer pays you with Bitcoin and you later spend those coins on your rent and groceries".

submitted by oneisnotprime to Buttcoin [link] [comments]

I implemented gmaxwell's "prove-how-(non)-fractional-your-Bitcoin-reserves-are scheme"

I implemented gmaxwell's submitted by olalonde to Bitcoin [link] [comments]

GMAxwell (u/nullc): "many 101 supporters are well known to be heavily invested in altcoins, or long time Bitcoin opponents."

submitted by ampromoco to btc [link] [comments]

gmaxwell (/u/nullc) no longer a bitcoin committer on github

gmaxwell (nullc) no longer a bitcoin committer on github submitted by anarchygame to bitcoinxt [link] [comments]

GMaxwell (nullc) implies that Roger Ver wants bitcoin to fail.

submitted by ampromoco to btc [link] [comments]

Wow, shocked (but maybe I shouldn't be) that Blockstream/Gmaxwell and other core devs want to change Bitcoin Core license to no longer be open source!!! Why aren't more people freaking out about this?

Wow, shocked (but maybe I shouldn't be) that Blockstream/Gmaxwell and other core devs want to change Bitcoin Core license to no longer be open source!!! Why aren't more people freaking out about this? submitted by SatoshisGhost to bitcoin_uncensored [link] [comments]

11-21 20:53 - 'Tinfoil hat time: What if r/btc planned a bot attack on r/bitcoin well in advance, and in order to shift blame set up an account that followed GMaxwell around, commenting like him, so that they could use hi...' (self.Bitcoin) by /u/bitofabitcoin removed from /r/Bitcoin within 14-24min

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[removed]
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Tinfoil hat time: What if btc planned a bot attack on bitcoin well in advance, and in order to shift blame set up an account that followed GMaxwell around, commenting like him, so that they could use him as a scapegoat?
Go1dfish undelete link
unreddit undelete link
Author: bitofabitcoin
submitted by removalbot to removalbot [link] [comments]

Tinfoil hat time: What if r/btc planned a bot attack on r/bitcoin well in advance, and in order to shift blame set up an account that followed GMaxwell around, commenting like him, so that they could use him as a scapegoat? /r/Bitcoin

Tinfoil hat time: What if btc planned a bot attack on bitcoin well in advance, and in order to shift blame set up an account that followed GMaxwell around, commenting like him, so that they could use him as a scapegoat? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin: How to Get your Bitcoin Core Wallet Up and Running Where’s Greg Maxwell Eyes New Bitcoin Projects After Blockstream Lloyd Maxwell - Bitcoin chart Live 24/7 - YouTube BIGGEST FRAUDS IN BITCOIN - Andreas M. Antonopoulos Who is Satoshi? Alleged Bitcoin creator Phil Wilson tells ...

From Bitcoin Wiki. Jump to: navigation, search. Ask peers for the identiy of their best block, get all distinct ones. Exclude any that couldn't be valid based on what we can validate: Minimum difficulty, timestamp, syntax, subsidy. (An additional rule like diff must be >=x if the height is >=y can prevent spamming attacks here mostly safely) Sort by {difficulty, height, num-peers-reporting ... Maxwell, Wuille Co-Author Proposal for a Big Boost to Bitcoin's Bandwidth A newly-proposed relay protocol could reduce the “transaction bandwidth” used up by bitcoin nodes by up to 75%. Bitcoin help chat. Bitcoin Meta your communities . Sign up or log in to customize your list. more stack exchange communities ... G. Maxwell. My profile image is a constructive proof that all possible dyadic paritionings of a square cannot be enumerated by an algorithm that recursively partitions by halves horizontally or vertically. Any such solution will contain a strut (a line going all the ... Gregory Maxwell – Skeptic about Bitcoin idea. Gregory Maxwell was initially skeptical about the idea of a decentralized currency. He also thought that this idea is impossible to implement. He was part of the cryptography mailing list where Satoshi Nakamoto introduced the concept of Bitcoin. Greg thought that the idea of Bitcoin won’t work out based on his previous experience working for ... It seems the last time Ghislaine Maxwell used Reddit, her last post was about someone mysteriously sending a billion in bitcoin on June 30.

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Bitcoin: How to Get your Bitcoin Core Wallet Up and Running

This channel provides passionate users to exchange opinions on Technical Analysis with a community of like-minded individuals. No one in this channel is certified to give financial advice, as such ... Bitcoin creator is Craig Wright You don't have to like him, but you should pay attention to what he is saying when he explains how Bitcoin system works, no better person to learn from about ... Top Bitcoin Core Dev Greg Maxwell DevCore: Must watch talk on mining, block size, and more - Duration: 55:04. The Bitcoin Foundation 19,475 views. 55:04. This channel provides passionate users to exchange opinions on Technical Analysis with a community of like-minded individuals. No one in this channel is cert... - One of bitcoin's most respected developers, Gregory Maxwell, is returning to his cypherpunk roots with a series of new projects. After nearly four years as CTO of high-profile bitcoin technology ...

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