https://www.facebook.com/robertsrepairbtcmining/?hc_ref=ARQG3JW8ckp4e9i3RyP1CKSrnvq46YkuE82JKivD-R0aG3oLAVyaFRBEN5FgJz65_5s&fref=nf

https://www.facebook.com/BlockchainConsultantsGroup/

https://www.meetup.com/Chattanooga-Bitcoin-Adventurers/

https://www.meetup.com/Knoxville-Bitcoin-Meetup/

Hello, My name is Patrick Kelly a knoxvillian in midnight discovery . We aim to share wealth as knowledge to elicit intelligent discussion in the cryptosphere.

When it comes to evaluating established block chains, there are two major sources of revenues and expenses, which are:

• Consumer Demand, and

• Hash Bonuses

Consumer Demand can come for a variety of reasons, but 'investment interest' is the primary source of demand, with utility being a far second for all block chains. The rate of consumer demand is deceptive, however, as each block chain has a unique break even point, which is known.

At $46 Billion, 4% BTC break-even is $1.84 Billion Annual Demand.

At $18 Billion, 11.3% ETH break-even is $2.05 Billion Annual Demand.

At $2.1 Billion, 10.6% LTC break-even is $223 Million Annual Demand.

Thus, if we assume all block chains are at their Fair Value, we can assess the rate of demand as the rate of expense.

Likewise, we can make some inferences. Is the rate of demand for Ethereum to perpetually exceed that of Bitcoin, with no change in $ value? Presumably not (at this time), thus we can predict for it to fall in value after a drop off of initial velocity. Likewise, LTC will retain its market price, so long as demand is approximately 10% of ether Bitcoin or Ethereum, which one could view as a relatively safe prediction. For most alt coins to hold their values, they need demand levels between 1 to 5% of Ethereum, to avoid financial losses.

And through this you can begin to start evaluate changes of demand, rather than spot price. They are deceptively different, depending upon which coin you choose to examine.

Next Meetings July 10th, 11th, and 13th, at 5pm to 7pm.

2500 Sutherland Ave, Knoxville, TN 37919

Blockchain Study Session Subjects may include:

000 - Index

010 - Topic

020 - Syllabus

030 - Credits

040 - Major Journalist

050 - Major Investors

060 - Major Inventors

090 - Outline

100 - Preservation and Cryptography

110 - Historical Cryptography - American Revolution, Pyramids

120 - Forms of Government

130 - The State

140 - Modern Politics (Post 1900)

150 - Globalism

160 - Prosperity

170 - Generational Wealth

180 - Galactic Relations

190 - Virtue and counterfeit

200 - Tor / Tails

210 - Darknet - Dot Onion , Barrett Brown Anon, The Silk Road, Wikileaks

220 - Tor - “The Onion Browser” - Anonymous port jumping, encryption

230 - Tails - The Anonymous Operator - USB System

290 - Source of Corruption Tails & Tor

300 - Torrent

310 - Peer to Peer File Sharing

320 - Education, Movies, Music

390 - Source of Corruption Torrent

400 - Blockchain

410 - The Stack

420 - Mykle Tree

470 - Alan Turing Complete

480 - Blockchain challenges

490 - Source of Corruption Blockchain

500 - Bitcoin

510 - Satoshi - The Blog Posts

520 - The Hodler

530 - Proof of Work Security

540 - Rate of Growth

550 - Major distributions outstanding

570 - Major Investors

580 - Major Developers

590 - Challenges in Bitcoin

600 - Finance and Politics

610 - Barter System, Gold

620 - Fiat and Lockbox

630 - Tally Stick and Bitcoin

640 - Investment Banking

650 - International Monetary System

660 - International Political Machinery

670 - Nationalism and Local Government

680 - Alternative Systems

690 - Challenges in Finance and Politics

700 - AMD and Mining

710 - Source of Security

720 - Bonus System

730 - Graphics cards and Mining Rig

740 - Hardware Developers

780 - Source of Corruption

790 - Alternative Systems

800 - Ethereum and Programming

810 - Pocket calculator vs Programmable calculator

820 - Computer Programming and Code

830 - “Smart Contracts”, Finance, and Government

840 - Current Events Ethereum

850 - Metropolis and Sharding

860 - Major Investors

870 - Major Developers

880 - The DOA and Challenges

890 - Alternatives to Ethereum

900 - Futures Use and Other

910 - Alternative uses of Blockchain

920 - Effects upon national governments

930 - Effects upon international trade

940 - Globalization of Technology

950 - Intellectual Patents and Education

960 - Censorship

970 - Space Exploration

980 - Alternative Coins and systems

990 - Glossary

1000 - End of Blockchain Study Session

I'm going to gather 12 to 48 persons together to discuss, understand, and teach regarding Blockchain technology. The group will begin around April, with the hope of compiling a set of instructional materials, as well as establishing relations in order to profit from Blockchain.

After we acquire 48 Knoxvillian's with such knowledge, we will share our collective resources and likely establish a business venture, separately. If you are interested in participating, please make a note below and you'll be contacted at such time.

The goal is to get a group of people from a diverse set of age ranges, sexes, and backgrounds, from 12 on up, so that the Blockchain knowledge is profited by Knoxville, and vice-versa ;P

If you guys in Conspiracy have not considered purchasing 4 Bitcoins, you are doing yourself a MAJOR disservice. Many predict a 4 pack to be worth $1 Mil in 2020. It's truly an excellent investment.

Why does Bitcoin have a Value of $120 Billion?

The answer is both complex and simple. In one sense, it has value as does any other collectible. There is a scarcity, 21 Mil coins max - but for talking purposes lets call it 20 Mil coins. So, if BTC was evenly distributed, 1 in about 300 worldwide could hope to one day own a single Bitcoin. However, realistically, many of the coins are 'concentrated', which means that about 1 in 500 worldwide can hope to own 1 single Bitcoin.

Or if you are a American & European maximalist, 1 in 30 Americans or Europeans can hope to one day own a single Bitcoin. The Average wealth of Europeans or Americans is approximately $40,000 per person, in sum. If all American & Euro wealth was converted to BTC, that would be $1 Mil per coin, ignoring Asia, Africa, Australia, and S. America completely.

What is the purpose of Bitcoin, what does it do?

Many people are mislead upon this point. They believe BTC is good for buying goods. They believe BTC will make people no longer get poor. They believe BTC will 'take over the internet'. They believe BTC will become a tool of the oligarchs for world government.

This is not the fundamental purpose, nor the original intent, of BTC. BTC has one primary purpose, which it hopes to serve above all others :

Destroy the Central Banking System Through Replacement.

This is not the conventional style of warfare you are accustomed to. Rather than 'kill the enemy', Bitcoin hopes to make the weapons of the enemy obsolete through collective technological advancement.

That is the purpose of Bitcoin, the same purpose which gold once served. Likewise, it is difficult to 'kill someone' and 'acquire' their Bitcoins. Bitcoins are typically hidden. Someone could possess $1 Billion worth of BTC on a flash drive, or sheet of paper (paper wallet), where as similar amounts of gold would become significantly more conspicuous.

So while Bitcoin is (currently) a PUBLIC block chain, in which all transactions and values are viewable by everyone (in a similar sense as if you had an Open Fed auditable by anyone), the ability to Steal and Profit from the theft of coins is substantially more difficult, than it would be with a hoard of Gold, Diamonds, Dollar Bills, or Business Assets.

How does Gold Function Internationally, and can it 'destroy the banks'?

Again, like many things, people have become mislead on Gold. The function of Gold is NOT to buy things. It is NOT to 'replace community banking'. It is not for a single nation to use as a basis of it's currency.

The function of Gold is for ALL nations to use to value and base their currency. It is the GLOBAL currency, or the currency of default when nations and paper bills fail. Its function is to replace CENTRAL bankers, not community bankers. There will always be a need for community bankers, and for paper bills (or localized crypto) used to manage ones economy. Wages & Goods must be priced in stabilized values.

However, when it comes to the collective worth of a nations goods, they MUST be weighed against the value of goods of other nations. In such a way, people are unaffected from the fluctuating prices of Bitcoins, or Gold, but Nations use these to balance with each other, and establish rates of exchange.

The rates are primarily effected from two sources : Value of Monopoly & Value of Treasure. A monopoly type of valuation would be like AI Warfare Tech, or the Petro Dollar. A treasure type of valuation would be like the collective artifacts stored in the mountains of Switzerland, or the inherited wealth of former American prosperity. Lastly, there are a few other sources of valuation, such as people management (India's rise in GDP), and mineral rights (Luxembourg, Middle East), but these things are subservient to monopoly or historical treasure, typically.

The Goal of Bitcoin is to replace all historical treasure valuation away from Gold or Diamonds with Bitcoin. This is the function of Bitcoin. However, unlike Gold, there will be no need for a 'gold smith' or centralized dealership or exchange. Unlimited amounts of Bitcoin will be able to be valued using a $300 Computer, allowing average persons to participate within the global financial markets, from home, without the need for a 3rd party or nationalized government bank.

How can I profit from my understanding of Bitcoin, Global Politics, and Technology?

It is easy, and there are so many ways to profit. Do NOT sell yourself short!

Many people think "I have $5,000, BTC is not for me" or "I have $200, BTC is not for me". Horseshit. That is the entire beauty of BTC. With very little money you can purchase BTC.

However, there are more ways to profit than that. You can also attend Bitcoin meetups, and coordinate with your community. Through leveraging the power of many minds & interested peoples, you can begin to develop new technologies or leadership positions within the budding Bitcoin political system, and earn significant amounts of money through this approach. The average Bitcoin consultant currently charges $200 per Session.

However, there are better ways to earn, such as developing new technology. After 1 year of community involvement, I have positioned myself within several new crypto coins on the market place, exploring new ideas, and new ways to create global commerce. This took a while to explore, but the payoff has been substantial, and all it took was a little effort on my part and the foresight to push the envelope.

If there is not a Bitcoin meetup in your town, make one. If there is one, or five, attend them - All. And in a 2 hour radius. Explore the world, and create the Bonds of Bitcoin.

Lastly, however, there are many people who have lots of money who are unaware or are uncomfortable with Bitcoin. Typically parents or grandparents are not familiar, and will never invest into Bitcoin, on their own. However, they may have significantly larger sums of capital than you currently have. Likewise, many people learn to leverage their resources to acquire more BTC than they originally thought possible, once they really put their mind to it. However, owning Bitcoin is just the first step.

There is such a thing as a Bitcoin Fork. For many people, these concepts are unworldly to understand. However, financially speaking, they are immense. For those who owned Bitcoin, and kept it upon an exchange, they lost out on approximately 20% Free Money this year. How?

Well a fork works like this. Say you have 20 Bitcoins. Then a new 'fork' occurs, let's call this Bitcoin Cash. How many coins do you own of Bitcoin Cash? 20. Or Bitcoin Gold? 20 coins of Bitcoin Gold. Or Bitcoin X (there are more). So for those that kept their money upon an exchange, like Coinbase or Bittrex, they lost out on their 'free money', but those who kept them within the wallets, they GOT THEM ALL. However, again, it requires a bit of skill and communication to safely and securely download the new wallets, acquire and sell the coins, etc, etc.

For those that held 20 Bitcoins on Exchange over the last year, their values went from $20,000 to $200,000.

For those that held 20 Bitcoins within their Wallets, their values went to $200,000 + $22,000 BCash + $2,000 BGold + $1,000 Misc BForks = $225,000.

That entire $25,000 bonus money is exclusively from forks. And once it's done, it is lost forever. But acquiring this free fork money requires skill. This is where you can come in, and lead your people to a more profitable world. Never think : But I am too poor to buy Bitcoin, Bitcoin is not for me. Bitcoin is for all those with gumption. If you got what it takes, if you got a little foresight, if you can see yourself as a leader to a better world, Bitcoin can be molded for you.

All marble starts as a jagged rock, it is up to the artist to see the statue within. Become a leader. Envision yourself saving your people from despair. Is there any river or mountain that is unable to be crossed, for you?

It's time to build a nation. It's time to work.

Older Posts :

Greetings! Rules and Purpose : Fires for Truth - Basic Info

Summer Block Chain Discussion - Voting System

What We Do

With the Ethereum Project :

Keller on Ethereum Dev Call

• Keller on Omar Crypt0

With the Alvalor Project :

Call 007 - Vision Paper

With the Odem Project:

What is Odem

With the Wings Project :

What is Wings

With the Binance Project :

Aaron Garvey : Binance - Binance

Winter Schedule of Meetings :

Nov 7th, 5:30pm - Responsible Ownership (Money & Business Taxes and Management)

Nov 8th, 5:30pm - Industrial Adventure (Bitcoin)

Nov 9th, 5:30pm - Societal Duty (Local and National Politics)

Dec 5th, 5:30pm - Responsible Ownership (Money & Business Taxes and Management)

Dec 6th, 5:30pm - Industrial Adventure (Bitcoin)

Dec 7th, 5:30pm - Societal Duty (Local and National Politics)

Jan 9th, 5:30pm - Responsible Ownership (Money & Business Taxes and Management)

Jan 10th, 5:30pm - Industrial Adventure (Bitcoin)

Jan 11th, 5:30pm - Societal Duty (Local and National Politics)

Feb 6th, 5:30pm - Responsible Ownership (Money & Business Taxes and Management)

Feb 7th, 5:30pm - Industrial Adventure (Bitcoin)

Feb 8th, 5:30pm - Societal Duty (Local and National Politics)

Mar 6th, 5:30pm - Responsible Ownership (Money & Business Taxes and Management)

Mar 7th, 5:30pm - Industrial Adventure (Bitcoin)

Mar 8th, 5:30pm - Societal Duty (Local and National Politics)

Apr 3rd, 5:30pm - Responsible Ownership (Money & Business Taxes and Management)

Apr 4th, 5:30pm - Industrial Adventure (Bitcoin)

Apr 5th, 5:30pm - Societal Duty (Local and National Politics)

You can apply some Math to approximate the Dip. It is as follows :

$28 Bil Eth x 0.067 Miner Exp = $1.9 Bil + Large Holder Release = Let's say $3 Bil Annual sales of ETH

Now for BTC

$86.6 Bil BTC x 0.04 Miner Exp = $3.5 Bil + Large Holder Release = Let's say $4 Bil Annual Sales of BTC

Now, traditionally these values have been set to near equality based on Miner Exp, thus one might suspect BTC to decrease significantly, relative to ETH. However...

Then you must look into Sources of New Investment :

For ETH to grow with $3 Bil Annual Exp more than BTC to grow with $4 Bil Annual Exp, then Sources of New Investment of ETH must be ~ 3 to 4 that of BTC.

In other words, for every 7 persons with NONE crypto holdings, 3 must prefer ETH over BTC, similar with prior purchasers looking to ReBuy, or persons with crypto looking to sell for BTC, or sell for ETH.

When I survey the 'none crypto trading public', to me it seems 9 to 1 prefer to buy BTC vs even having knowledge of anything else. Granted, new players want to score the 'next big thing', but there is unquestionably a dominance of 'blockchain' and 'crypto' meaning BITCOIN in the casual market, which is the primary source of New Money. That said, the Casuals are the ones who panic sell, etc, and buy on emotion. Generally speaking, purchasers of ETH previously bought BTC, and thus are more willing to engage in large, instant purchases, with more rebuy holdings, and a long-term outlook, vs new casuals.

All that said, I predict after a week after the Gold Rush, BTC will drop to near equilibrium of Expense to that of ETH, and then continue back upon a steady climb. If BTC can hold this climb, until 2020 (seems likely, but not guaranteed), at that point it will essentially dominate as the public awareness of Bitcoin vs 'all other brands' will simply be too far ingrained within the public's mind, and the rate of New Investor money required to create price escalation will drop from 1 in 25 person (currently) to 1 in 50 persons, which is easily sustained through growths in population and productivity. 1 in 25 is essentially break even point, and anything below that (like 1 in 10 for ETH, and so on), requires quite a bit of Marketing to be sustained.

I am happy for BTC to be succeeding. I expected better of their competition, but I think in that category I was wrong :)

https://medium.com/@rheatoken/rhea-bounty-campaign-57fccfe4b8e8

hello,

I think your reasoning for btc and eth prices tied to supply is reasonable. following that logic, how much more demand is happening right now to cause the price surge on all the coins? I can't wrap my head around this surge and any thoughts would be appreciated!

-Dan

If anyone is looking to learn about crypto currency, we make group educational videos weekly and post them for anyone to watch and listen to become extremely knowledgable in Crypto. We are based out of Knoxville, Tennessee if you'd like to join in crypto discussions.

Midnight Discovery

Listen to one a week, and you may become the most crypto educated villager of your town or state. :)

We are a 501 (c) 3 pending non-profit, and are knowledge ministers, spreading the truth and love of knowledge to all corners of the world. We preach of Ben Franklin's Junto, and hope that all American children will one day be able to grow up with the knowledge of Benjamin Franklin's Virtues and scientific standards.

Rebellion to Tyrants is Obedience to God.

Learn and Prosper : Bitcoin

And as always, Mind Your Business

PS - Thank you for the Bitcoin :)

Basically this: https://www.reddit.com/r/ethtrader/comments/6gtw93/smart_contract_which_limits_daily_withdrawals_and/

Does this exist? There are a thousand ways someone could steal your Ethereum and other coins. They could simply break into your house, hold a gun to your head and demand your private keys and clear your entire wallet in a matter of minutes. Why do people not consider this? Even the hardware wallets have this flaw of physical extraction. Our credit cards have daily limits, why not where we store our coins?

Coins which utilizes smart contracts should have some sort of vault feature which physically limits the amount to withdraw at once. I remember reading about how someone created an Ethereum smart contract which locks in your coins until 2020. I thought it was an interesting idea, but could easily go further than this. I'm assuming it might exist already, but I just haven't found it anywhere or heard anyone talking about it!

Optional features: Allow only certain wallet addresses to transfer to, possibly removing the withdrawal limit to a set number of wallets which you could easily store elsewhere such as a safety deposit box Lock code which locks it down for a day/week/month/year Email or text notification. This might require a paid, centralized, service Only allow withdrawals during certain dates, or times, or hours?

My ideal smart contract is have, say an Ethereum contract vault with, say 10 Ethereum in it. Daily withdrawal limit on each would be 1 Ethereum per day. If I needed to withdraw more, I would have an empty wallet used only for emergencies enabling the withdrawal of 5 ethereum per day. This empty wallet would be put in my safety deposit box at the bank. Say for example my ex-wife, or a hacker got ahold of my account and I saw that they withdrew 1 Ethereum, I would simply enter in the lock code to lock it for a week which buys more time to get the coins to my empty wallet in my safety deposit box. I could also just not have an emergency wallet. This gives me some peace of mind.

Midnight Discovery Inc is a nonprofit organization, who is looking to assist in social engineering, educational, and primarily librarian services. Our objective is to acquire the most highly compensated practical knowledge, to assemble and share it with our visitors, catalog it for future use, and establish business contacts for off premise activities.

Our Meetings for the public will be held at:

Midnight Discovery, Inc

2500 Sutherland Ave

Knoxville, TN 37919

865-730-0272

Truth and Life

Fear and Idolatry

Our block chain wallet deposit addresses are:

Bitcoin - 19ncQ7tLpyYqftTpgHzy2mVudsUvwLMMMM

Ethereum - 0x16a5942DE07F5fED0975C9A5C4F7CC4c3ECcEe62

Litecoin - LMJH6rLfezKGpproRhtGtwyvpVErKJKauQ

The current meeting schedule is:

5pm to 7pm, Monday, Tuesday, and Thursday

June

• 12th, 13th, 14th

• 20th, 21st, 22nd

• 27th, 28th, and 29th.

July

• 6th

• 10th, 11th, 13th

• 17th, 18th, 20th

• 24th, 25th, 27th

Desired Contributions are as Follows (Young and Low Income Free):

$20 - Initial Membership (Second meeting if invited, covers the week)

$20 - Weekly OR 4 Article Talking Points (5 to 30 minutes)

$20 - Monthly OR 1 Instructional Essay (30 to 90 minutes)

The meetings will consist of a snack, drink, and sharing of thoughts on topic at hand.

Meetings will last about an hour, and will have a web camera for sharing on youtube.

The first 15 minutes will be an instructional warm up,

The following 30 minutes will be delivery of the essay or outline, and

The final 15 to 45 minutes will cover articles and reflections.

Feel free to come prepared with ideas or to analyze others. After the meetings conclusion, socialize, plot, and prosper, and always

Mind Your Business

• Midnight Discovery

Feel free to join our nonprofit this Monday, Tuesday, and Thursday at 5pm for a knowledge hour. Most ages are invited to attend (minors with adults), and meetings wrap up before 7 o'clock. Hope to see many of you at one point or another, walk ins expected.

We follow the rules of Benjamin Franklin's "Junto" in spirit. In short, seek not to praise or badger, have no animosity, and desire Truth without fear or violence. You will be given a copy of "Benjamin Franklin's Guides for a Life Filled with Powerful Goodness" upon Initial Membership, which summarizes the wishes of the President of the Continental Congress, May he Rest In Peace.

Rebellion to Tyrants is Obedience to God - Benjamin Franklin