Were they ahead of their time?

The developement group, known as Satoshi Nakamoto, might have forseen the cloning.

Never spend the BTC, or...?

The, probably (see note at the end), European based original Bitcoin developement group did not mention anything about this in their whitepaper. Yes, I do claim it is a group and that they were possibly operating from European mainland. Their initial proposal for a solution to prevent double spending in a peer to peer network based currency system has been wrongly interpreted a lot. In a way that the content of the whitepaper almost has gone from being legendary to religious fundamentalism. And I have become very aware of this at times when false claims are being made about Bitcoin, to suit some agenda of their own. Fact is that it is Free and Open Sourced under MIT license and the use of the name and its logo are Public Domain. Even the 21 million maximum BTC to be issued and the blocksize are not carved in stone. Anyway Satoshi Nakamoto was (is?) a group of very clever developers that were operating from somewhere in Germany, or nearby, as I believe and not American, not Japanese and not Australian... Just read the whitepaper and investigate yourself what it is about.

At first I was joking about Bitcoin being able to be mined using a CPU. Because the current ASIC violence really does not fit into that future image. And I admit that I even mocked this CPU mining idea, suggesting the original Bitcoin developers were not that smart after all. Yet, during one of my many walks I had an epiphany. The whitepaper was a proposal, it had no time scale and the first thing that was needed was for Bitcoin to be issued. Why then the slow inflation rate? Maybe to give developers the time to create solutions for this initial idea to become a real alternative to the current payment system. This is a long-term developement, inovation is moving on constantly, it is a progression. But if it were to become a replacement, than attacks would emerge from different sides. Even from those who actually should have adopted it and instead lost their patience.

Commerce wants in on it.

One group that wanted Bitcoin to be implemented in day-to-day life looked at it from a business point of view. Claiming they wanted to safe Bitcoin and they were going to create a split that was supposed to be the one... It has made in China written all over it. And one big sponsor and supporter is well known for not having a problem with his team centralizing Bitcoin and putting patented software of themselves in. Just do the research. He, mister Wright, is open and honest about his plans. It involves extremely huge blocks, think 1 GigaByte and bigger, and it will be run on a network that can support the extreme bandwidth it needs. This will make that split of Bitcoin centralized and business controlled by patented technology. Mister Wright is not a fan of ancaps, nor libertarians, by the way, he is a business man in the first place. He even claims he wants goverments and banks in on it. Why is this important to know? Well, he is a supporter and sponsor of Bitcoin Cash. How could those Bitcoin whitepaper fundamenalists have missed out on that one? Do they want central business, banks and government control in? Smells like a hostile take-over to me.

Some will want it like that.

When I see the support for Ripple, for intance, I have to get passed my own cognitive dissonance. Do people not know XRP is owned by a company supported by banks? This is a centralized thing, it is not a Crypto, it is digital money, that is a bankers thing. Why would anybody that is into Cryptos, for a reason, support it? But I did suffer from a cognitive dissonance, my own belief and seeing what also was happening colliding hard. And when I was asked about where to buy XRP I even supported this. Just warning to only invest in Cryptos what one is willing and able to lose. This was a conflict within myself. As I would never buy Ripple. Yet I needed to shake it off and understand that what was happening had nothing to do with the knowledge about the true nature of XRP. It is about people wanting to be financially substantive and then buying Ripple is an opportunity for that, I think I got that. Now I might dislike this and have arguments to back it up with. To explain why it is like a bankers financed Trojan Horse into the Cryptos realm. But that would make me just lose energy and become like a kind of Don Q fighting windmills. It did cost me some stomache pain and long walk but I think I got my mind open again. And it was at that time I had this thought plop into my mind.

The secret Bitcoin creators plan?

If the orginal Bitcoin developement group known as Satoshi Nakamoto really were that smart, visionaries that were able to forsee how this could work out, then they must have accounted for several attacks too. Some defense systems are build in, but they could be altered by changing the software. And nowhere in the whitepaper it is stated that it should not be changed nor altered in any way. Basicly anybody could create another Bitcoin based Crypto, as it did happen thousands of times. And even inovative coding was exchanged amongst several Cryptos. As it is the system as a whole to be the alternative to the banking monetary governance system. Not we, the divided, but the Cryptos United as One. So, the Bitcoin fundamentalistic factions are a danger from within, causing division amongst the ranks. Like the groups that started to forking clone the original Bitcoin blockchain and split it. Looting value held within the BTC already mined since 2009. No matter why these groups said they did it, and why they were alowed to do so. Self righteous claims, to loot value out off the first and true Bitcoin blockchain.

It is part of the business realm that got impatient, no long term solutions, but short term gain. Bigger blocks, even to a part where Bitcoin would become under central control. And after the China based blockchain split (BCH) came the transactions spam attacks on the Bitcoin network. Very low fee transactions with a lot of in- and outputs. It is just a business thing. First looting value out off Bitcoin BTC and then use it to further attack it with useless transactions. Again with self righteous claims backing them that Bitcoin should be able to defend itself to these kind of attacks. What about not attacking others, were they really libertarians as the split group claimed to be? Peace on earth by attacking? Bombs for peace? Yeah right... And at some point it got to me too. But then I thought: "Why the rush...?" There might be some self interest in this hostile take-over going on. Listing to that mister Craig Right already had told me what it was, in a video recorded in Arnhem in 2017. Yet no matter what, it really looked like Bitcoin BTC was under heavy spam transaction fire, using looted fake BCH market value. And I could not help thinking that the original Bitcoin creators, the Satoshi Nakamoto group, must have had a way to forsee this happing.

That is why they held their share of BTC!

While I took another long walk, to get my mind into ZEN state again, it suddently hit me. It is thought that the original Satoshi Nakamoto group has a really huge amount of unspend BTC. Even worth billions, when converted to bankers money, like USD. And the question came to many others and me, that if this were true, then why did they not spend it? One thing would be the reason that they would have pre-mined with this in mind. To cash in, as it were, so to state, but why did they not do this, or will they wait for Bitcoin BTC to get to the predicted 500.000 in value? HODL all the way, maybe mister John McAfee is in on it, that being the reason he dared to wage his pecker on it. It does seem unlikely though that an European (as I think) based group of developers were going for that when they created Bitcoin in the first place. They probably would not give a rats ass about mister McAfee his woody. So, why mine a huge amount of BTC and not spend it. We know developer Charlie Lee sold off most of his Litcoin LTC to show he is not compromised by greed, but he is actually in it for the bigger picture. In his case to create a inovative progressive Crypto that will make it into the far future.

The Bitcoin developers did not sell, as some think they did mine, millions of BTC. The early days can be traced, it is all on there to see on the open ledger. All these millions of unspend BTC, why is that? There were suggestions that the Satoshi Nakamoto developement group really might want to dump their Bitcoin at once on the market. They cash in and the price of BTC would be dropping dramaticly. To me this seemed very unlikely though. If they were in it for the money, they already would have spend some of their alledged fortune by now. And it seems they did not. So, why sit on that amount of Cash...? Then it hit me, the AHA moment, why the founders of Bitcoin were sitting on top of a lot of BTC. And if so, they were even more brilliant than I had given them credit for. If so, then they were truly very smart visionaries. Why? Well, they might have forseen that one day there would be groups that would not fork the software to create a new genesis block and start a blockchain of their own. As that would be true to the Free and Open Source spirit of doing things. But what, when the Bitcoin BTC blockchain had become a holder of extreme amounts of value and some would get the idea to clone the blockchain itself? In fact looting value out off it, just by creating a copy of millions of BTC?

Now this would be marvelous.

This was what the Bitcoin Cash group and others did. They did not create their own substantive blockchain like real forks did, think Litecoin, Dogecoin and Vertcoin for instance. No, the carbon copied the orginal Bitcoin blockchain, changed some parameters, preset a marketprice in collaboration with some centralized exchages and split off. Creating an instant fake market capacity of billions. And with some of the gain that came out off that creating extremely low fee transactions on the real Bitcoin blockchain. This was an orchestrated attack on the Bitcoin BTC blockchain. And it got support from mainstream media, this so called Bitcoin Cash, made in China, now that had a rotten fishy stench to it. Not to mention all the false accusations towards Bitcoin BTC. Even claiming that it was okay to flood the mempool with rubbish transactions. This was an orchestrated hostile take-over, and my alerts went crazy when I came to understand that mister Craig Wright was involved. But surely the orgininal Bitcoin developement group must have thought about this scenario of a blockchain carbon copy robbery?

Now every split attacker would also clone the unspend addresses, all the way back to the start. There are also ludicrous claims of some of this looting groups that they can prevent the unspend addresses to be spend. Now why would they even want to do this? Also claiming they would want to hand-out these unspend alleged millions of BTC supposedly owned by the Satoshi Nakamoto group. They could not, unless they owned the private keys to these unspend addresses. And when observing their software code it can be proven they actually mine millions for themselves after their looting version has gone live. Claiming they are the SegWit2X Bitcoin B2X. So, why do they want to even block these unspend addresses from the Bitcoin BTC beginning. Again they are backing their inbetween mine with self righteous reasons. So, looting and blocking value that belongs to others? The reason being...

If the orginal developement group had forseen this to happen. That the Bitcoin blockchain would be attacked by cloning the blockchain then what could be a security measurement, baked into the blockchain itself? How to prevent a possible blockchain split attack robbery? That would be when the alledged 2 million Bitcoin BTC of the Satoshi Nakamoto developement group also would be cloned and were to be dumped on the cloned network. This would be a brilliant defense system after a blockchain split attack happened. Just wait until a certain threshold and then dump the clones on all centralized exchanges that helped the robbery by offering futures to create a fake market value. That time for Bitcoin Cash would then probably be when it got to 33% of the price of Bitcoin BTC. When the Satoshi Nakamoto group then would dump 2.000.000 of BCH on the market it would destroy that split attacker within a few hours.

But the fake SegWit2X clone blocked this?

Let me first quote this weird FAQ from the B2X split attacking clone:

Q: Will Bitcoin Segwit2X [B2X] be implemented?

A: Satoshi Nakamoto’s Bitcoin [BTC] will be mined and distributed proportionally to all Bitcoin holders on the crypto-exchanges and wallets of our partners (2.000.000). There will be no additional pre-mining!

Now that is a strange answer to a reasonable question. Yet the answer is very interesting. First the alledged claim that the Satoshi Nakamoto group pre-mined 2 million BTC Bitcoin. At zero network activity? Now that would be quite easy to debunk. Or could they mean close to zero network activity compared to the here an now, that would make quite a difference. And what if these mined BTC were not done by the developers, but who's private keys belonged to others. In this way fake SegWit2X is just a bunch of common swindlers, that actually understand what could be done with those 2 million unspend BTC if they just cloned it. It can become a defense system, to destroy the value of B2X.

So, they decided to build in a blocking system for these unspend balances? And next they admit to do an inbetween mine, or as they state in the answer that they will not do another pre-mine after that... How big is that premine? Well, 2.000.000 that will go to 1 B2X address. But they promise that they will share it with everybody that is supporting their forking clone. Now the website of B2X could use some furhter investigation, especially the people mentioned on it, because this is just another split attack on Bitcoin BTC. And it proved itself to be so because it tries to block out the possible B2X dump the Satoshi Nakamote developement group could do. And then pre-inbetween-mining 2.000.000 B2X, claimed to be shared amongst those who support their split attack.

There actually will be 23 million B2X, with 2 million locked out because these scammers understand what can be done with 2.000.000 B2X getting dumped on the market. Yet, they forget that what they do, can be undone, when their forking clone gets split and all the addresses they tried to lock get unlocked and their own pre-mine gets locked. Shame on the exchanges who support these fraudes by the way.

The most trusted Bitcoin coders will win.

This has been quite a long post about what I see as a series of value looting attacks by cloning the original Bitcoin blockchain. With all kinds of self righteous claims that are supposed to be based on the original Bitcoin whitepaper. But already are full of shit in the first place. Only proving these groups do not understand the concept of Free and Open Soured software and a name that anybody can use as they see fit. Now forking Bitcoin like Litecoin, Dogecoin, Vertcoin and others did created unique substantive blockchains. Cloning the Bitcoin BTC blockchain when it has almost close to 17 million already mined, like BCH did, that is just looting value. Creating a blockchain split and blocking addresses that hold 2.000.000 B2X and mining another 2 million for your own gain, that is just bloody robbery. There shall be only 23?

All of this could be countered, even the locked addresses in the B2X, fake SegWit2X version. But still people will fall for the trap that version has set. How on earth should that B2X scam be allowed to block addresses from spending anyway? It is asking for another defense structure to kick in and I'm willing to support this. Because it can be countered quite easy, destroying the scam with code. But instead of doing so, it is maybe even best not to expect the original Satoshi Nakamoto group to dump their alleged fortune they also hold in Bitcoin Cash BCH. Nor to support a split of SegWit2X B2X that has some corrected code that will make B2X worthless and useless.

Maybe all of this is not needed if we keep the faith in code. And not to lose time and energy in trying to counter attack the looters. But just to move forward constructively, make progression and inovate, just like Steem and many others did. So will Bitcoin BTC. And if those impatient want to split, then let them do so. If those who want to scam and loot, let them try so. As it may be easy to create a clone for a short term gain, it takes a lot more effort to create something beautifull that has a long term future ahead. That is part on an ongoing proces, it is about inovation and progression. It is that what divides the cloners from the visionaries. And in the end the scammers will be set to checkmate.

May the cryptos be with us!

EDIT & NOTE: After a reply @ghaaspur about my suggestion that the Satoshi Nakamoto group were European based I thought it was best to make it more clear that I came to this conclussion and why.

The email address in the original Bitcoin whitepaper was one offered by a German based email service GMX. That was mainly aimed at the German speaking countries in Europe at that time. Because I did use their services at that time myself I noticed the GMX email address in the whitepaper. And I found it odd, to state the least, that this was being used. As I do remember the interface being in German and GMX did not want applications from outside Germany, Austria and Switzerland at that time.

Now, my memory might not serve me well, so I did change the text where it stated that the group Satoshi Nakamoto were European for sure. It could have been only the mail administrator that was based there.

Checkmate for the scammers

Image cc-by-sa @oaldamster.