Even claiming to be the real one.

While the whitepaper of the Satoshi Nakamoto group is still a proposal.

Just Forking Clone it!

Something that was going to become a trend, just like ICO's and Forks were before. Everybody jumping in on the bandwagon. Cryptos here, cryptos there, cryptos everywhere, it is time to get your share. Next hype, Cloning the Bitcoin blockchain and getting part of the already build up value that it had inside. Launch a future on a trading platform, change the original Bitcoin sourcecode a bit here and there, or do in online for a fixed price and release the thing out into the Crypto Wild West. Is this an article opposing this phenomena? No, actually this is breaking the Bitcoin fundamentalism that I started to notice. First there were these self acclaimed purists and maximalists, shouting shilling trolling all over the world wide web that they knew what the real Bitcoin was all about. While factually being wrong in relation to the content of the almost sacred Bitcoin whitepaper. And at some point I BTHed {Bought The Hype} too.

When I started to notice the fanatics took over the Bitcoin realm I knew it was time for me to take a step back from it all. Fundamentalism, of any kind, and I, do not go together very well. To me it is scary when people of all kinds of Bitcoin types are behaving like supremists. The Bitcoin whitepaper is a proposal, one can say Yes, No or even Maybe to any kind of proposal. In this case it is even released under a Free and Open Sourced MIT license! The Bitcoin brandname can be used by anybody, just like the logo, and the sourcecode can be altered in any way people want it to. Even claiming their version is the real and only one true Bitcoin. Of course that is nonsense, but hey, they are allowed to sell it to you like that, it is you, after all, who decides if you want to buy it or not. Even using a brandname like SegWit2X is allowed. Yet, it might be good to do some investigation before buying into a B2X future at any platform. Especially if a Bitcoin SegWit2X developement group is premining 28% of their B2X, claiming they are going to hand out the Satoshi Nakamoto group their coins.

Bank or not to bank?

Yes, the original Bitcoin whitepaper is written in a plural form, as in we, Satoshi Nakamoto. And it is very consistent in that way, so that lead to my open minded idea, that this SN is actually a group. Probably from somewhere in Europe. Because the email address in the whitepaper is by GMX, a free email service from Germany. That one was mostly used in Germany, Austria and parts of Switzerland. Now could it be a Crypto clue to Austrian Economics. And are the Banks involved? Switzerland it the home of the state of BIS {Bank for International Settlements}... The whitepaper did suggest a proposal for a solution to prevent digital value transactions from being double spend. For any financial institute a blockchain would cast out the need for costly intermediates, humans that can be comprimized. So the Blockchain technology is a great developement for any financial institution too. Cutting out the middle person, now there's a thought.

So, while a wide spread diversity of Bitcoin fundamentalist factions are on the battlefield, I started to wonder why it was starting to smell fishy to me. Even any whitepaper fundamentalist could not deny that Bitcoin is not being mined using CPUs anymore. Therefore that group that took the name Satoshi Nakamoto was not even that futuristic. And nowhere the Bitcoin whitepape stated there would be only 21 million. Or that the name Bitcoin could not be used in any other way, or that it was copywrited. It would not have been released under a Free and Open Source MIT license if it was supposed to be strictly centrally controlled and protected by copywrite law and order. Yet all kinds of groups claim it would be the peoples money and they have the real Bitcoin as it was supposed to be. What? Like a proposal for a solution to prevent double spending in digital payment system?

Hm, I wonder, who they were offering this to? This was the offering of a possible solution to the current financial institutions, it was called Blockchain and it could have its own value storage attached, just call it Bitcoin and you get the picture. For future reference I strongly advice you to listen to mister Wright, part of the big blocks movement in the Bitcoin realm. He clearly states that he does not care for Bitcoin decentralization, for being a disruptive force, or it being the so called peoples money. For him the banks and government will get in. If it takes a few super computers with high speed connections to make it work, he and his team will do whatever it takes. And he is supporting Bitcoin Cash, another group claiming to be the real Bitcoin. Which I hope got debunked by now, as no group of Bitcoin fundamentalists are able to make such a ridiculous claim.

So I issued Diamond Bitcoin

Just because I saw this whole charade develope, the Bitcoin fanatics becoming fundamentalists, I decided to get in on the forking clone fun. It had to be bigger and better, huge blocks, well, for Bitcoin measurements, of course. Because for the users of Bitshares, Steem and its twin Golos, the amount of transactions per second any Bitcoin fork can do is a laugh. Bitcoin BTC, 3 txps {Transactions Per Second}, Bitcoin Cash BCH, 24 txps, Bitshares/ Steem / Golos 3300 txps. Yes, this is real, that is why the whole Bitcoin fundamentalism thing is a laugh. There are blockchain technologies out there, like the one this article is posted on, that actually could replace all the Creditcard transactions in a year. Who needs lightning if there is Bitshares, Steem, Golos and soon EOS. Dogecoin is a better option to use than Bitcoin Cash, many others are too. But the best one would be a DPOS based Crypto that charges ZERO transaction fees no matter how expensive it would get on the market. Ethereum can not beat that either, that one is overloaded already too.

Steem still undervalued, not having Smart Media Tokens yet {SMT} and Bitshares too complex for creating a simple Asset I decided to use the Waves DEX {Decentralized EXchange} platform. Already had issued the TULIP asset, only 1637 and had been handing them out for free, only at Steem. Then I thought about what would be the toughest kind of Bitcoin and the answer was Diamond. Created some ticker Assets for it too, together with 21 million Diamond Bitcoin, DBTC or DMBTC, just one of them both, that I could reissue at any time. And then there actually was a Bitcoin blockchain splitter announced that had the name... Bitcoin Diamond, ticker BCD. But I was first, you fogging cloners!

Ah well, never mind that, I still have D Bitcoin! Which I have been handing out, together with a bunch of 37 TULIP and 0.009 WAVES. Yet, The Waves platform centrally controles a Asset verification, if I had known that on forehand, I would have studied Bitshares UIA {User Issued Assets} better. Because the Waves developers also made ludicrous claims they were the fastest blockchain. Faster than Bitcoin and Ethereum, but still like a bicycle compaired to a rocket when put next to Bitshares, Steem and Golos... The handout is to Steem members only though. No matter if the Waves central command wants to verify it or not. When the Steem Smart Media Tokens {SMT} are going live in 2018, that will be the one that is going to be used. But for the time being, it has its purpose.

More clones, splits, forks and icos please!

One function is the disruption that it will have in effect. So, the next time I am offering a free handout of TULIP and/or Diamond Bitcoin assets, make sure you get some, they are for free! And maybe it would be great even spread it out further. To basicly get more people into Cryptos in a way that it becomes so diversed, so widespread, that it becomes a force all by itself. It is needed to protect us against the powers that want matters under their central control. Therefore it does not matter if december 2017 was the Bitcoin Blockchain cloning month. Even make more, maybe some that has 21 trillion Bitcoin, going a 3 blocks or one block every half a second. Mining rewards in DPOS style like Steem. Why not, Bitcoin BTC will still have its storage of value, Bitcoin BCH will still have between 10 to 20% of that value. Steem will still move forward and upwards in a steady pace. And EOS will have its own part of the market. There is still a lot of room for growth in the whole of the Cryptos realm. And I am hinting towards tens of trillions within a couple of years.

One thing that made me become aware of this potential growth is the last holidays. Being together with my family. And one of the first things that was part of the conversations was: Bitcoin and other Cryptos. Things sure have changed from 2013 when I did try to explain about some of the Cryptos I was involved in. Back then it was still like I was something that just had landed from Mars and had its own Martian lingo. Now it was about investing in what Crypto. And a dear fellow Steem member was there too. Have been promoting Steem as a way to get into Cryptos in earning them by plucking ones own Fruit Of Work {FOW}. From my experience there I can state though that there is still a lot of work to be done. Because the brandname Bitcoin is the most talked about, as if only one Crypto does excist, and that one is hard to get. So I introduce people to Steem as the next generation of blockchains, where they can earn Cryptos. And if they want then can buy other Cryptos like DOGE with it, by using Blocktrades. Yes, I use that service frequently, just look in my Steem wallet. ;-)

To lower the dominance of Bitcoin BTC and all of its forking clone blockchain splits and their old fashioned slow technology, it is good to have a lot of forks, clones, icos and assets. Let them compete! Just let all the Bitcoin fundamentalist groups fight eacht other, like two dogs that fight over a bone. And then let us, the other modern future ready Crypto users take advantage of that and take the bone from them. Which would be easy because of them fighting all the time. While blockchains like Steem make progression, become game-changers over night, with them Smart Media Tokens in 2018 and going for 0.5 seconds per block through multi-tasking techniques, others will be stuck in conservatist fundamentalism. All fighting over the almost religious legacy of the group that created the Bitcoin Whitepaper, names Nakamoto Satoshi. Well, I'd say, let them, put more coals on their fire even. New handouts will follow...

Have a fantastic newyear!

No matter what it could be wise to have a spread portfolio. Bet on more than one horse, at least that is what I am doing. HODLin' all the way into 2018. In Steem I am building up for the 2.0, the Smart Media Token evolution. While I have invested my previous plucked Fruit Or Work into a well balanced portfolio. No more banking savings accounts, it is a risk, I know, just like investing into buildings, art, antique, coins and stamps, to name just a few of speculative ones. Cryptos are the new kids on the block. And it looks like more people want to get in on the deal. While the bankers money is dropping in intrensic value, meaning its costs more and more to get the same standard of living, the Cryptos are rising in value. And while 2017 seemed like a great year for Cryptos, I think 2018 it will really go mainstream. As people will become aware that there is more to Cryptos than Bitcoin and them clones...

It is the momentum for systems like Steem to become a top 10 Crypto and even more. When people get to understand that there are ZERO transaction fees, no matter how expensive Steem gets on the market. Imagine it going to be $ 1850... There is much more Crypto excitement ahead in 2018.

Anyway, no matter what, I do wish you and all the ones dear to you a fantastic new year.

Happy 2018!

Image cc-by-sa @oaldamster