Libre Blockchain

2021-06-30 07:14:21 Join Librehash Discussion if You're Curious to Learn More / Find Resources

This isn't a plug for you to pay me any money. Plagiarize the last 4-5 messages in here if you feel so inclined.

If you're legitimately curious & want to know a little more, you should join @librehashdiscussions and ask some questions / start a discussion about how you can go about making money in this space in a way that doesn't purely involve investing in projects.

Why I'm Doing This

The space is suffering without your voice. Blockchain is almost like a monolith at this point, and its a tragedy - for all of us.

It seems that only the voices of Andreesen Horowitz or some other big-named VC funds / exchange owners are the ones that get amplified on the loud speakers these days.

They let these people go on CNBC and dictate what Bitcoin is for the rest of the world. Why? And who made them king?

I think there are a ton of very intelligent people that are subscribed to this channel that have the potential to help push blockchain to heights greater than any of us can imagine right now. But you brilliant minds are continuously fed propaganda that tells you to plop your money in Bitcoin, "hodl", and twiddle your thumbs in the meantime while the 'geniuses' are off 'figuring out' how this all works.

Why must this be so?

Bitcoin was born as a proposal. Satoshi sent that whitepaper to the Metzdowd e-mail list to provoke feedback - not to elicit submissive, unconditional support. Satoshi specifically sought out a mailing list that featured intelligent minds like Hal Finney for a reason.

Satoshi knew these guys were critical, intelligent minds with a ton of skin in the game (of cypherpunk-ism and cryptoanarchy), that would take this kind of thing seriously. Satoshi knew if there were any glaring flaws in Bitcoin's design that these guys would likely find it & rip it open in seconds. Open / Comment

2021-06-30 07:06:19 Working Out the Hypothetical Profit

Some of you guys here have deep pockets in this space. And you're smart too. You have some legitimate criticisms / proposals for your favorite projects in this space.

As of right now, the culture in blockchain says you should make a post on Reddit / community forums / Telegram, and hopefully the "founders" or the "project leads" will agree w you and decide to take up your idea.

But what about when they don't? What do you do in those times where you know in your heart that your idea would be really successful or helpful to the project and it seems like nobody's willing to even try it out? Or they forego it in lieu of some other alternative because your proposed option "isn't on the roadmap"?

This is a way you can bring your ideas to fruition. Doesn't have to be w cryptonote. Maybe you fork Ethereum. Changpeng Zhao did it - dude even got himself a duplicate of the 'etherscan' website and dubbed it 'bscscan'.

There have to be no less than a million different guides online for how to fork a blockchain and - hey - let's say this coding shit is over your head entirely.

How much would it really cost to find someone to do it for you? Probably a lot less than an "allocation" is going to run you. Open / Comment

2021-06-30 07:01:40 Figured out which values you want? Here comes the hard part.

You're going to find these lines in the code, erase the '18' (or the '120'), then type in your preferred value.

Boom - if you do nothing else but change those two numbers, congratulations - you made your own unique chain. Open / Comment

2021-06-30 06:58:58 Some variables like 'difficulty_target' and 'emission_speed_factor' can have an ambiguous impact on things like 'circulating supply' and "coinbase reward".

Understandable. Luckily, the cryptonote founders decided to go the extra mile of letting you plug in your own test values in this embedded graph (same page as one linked above), which will auto-update the curve to show how your inputs would affect the chain's overall coin emission rate.

So again, you don't really need to have a PhD in computer science to do this Open / Comment

2021-06-30 06:54:55 Example of How Easy it is to Start a Project Remember when I mentioned forking Monero? Probably sounded crazy at the time. I mean, with such an expansive, robust project - you'd think we need a team of at least a few dozen computer scientists coupled with… Open / Comment

2021-06-30 06:50:40 Example of How Easy it is to Start a Project

Remember when I mentioned forking Monero? Probably sounded crazy at the time. I mean, with such an expansive, robust project - you'd think we need a team of at least a few dozen computer scientists coupled with a suite of the world's top cryptography experts and even then... we may fall well short of completing such a gargantuan task.

Not True

Check out this link = https://cryptonotestarter.org/inner.html

This site is basically dedicated to helping people create their own Cryptonote coin.

Its geared toward non-technical people that don't know a whole bunch of coding, terminal, technical stuff etc., but they do know generally how blockchain works and can at least explain to you how certain things are able to function.

You follow? Like, most people subscribed to this channel can likely explain what Bitcoin mining is on at least a fundamental level. Probably very few would be able to sit here and open up a terminal and start writing up a C code demo for Proof of Work hashing.

Know that you don't need to be someone with that ability to start your own project. If you have the ability to grasp these concepts on a semantic level, then you absolutely have the intelligence and knowledge to start your own project. Open / Comment

2021-06-30 06:45:54 CoinGecko's website claims that there are 8,281 coins listed on their site right now.

Going to take a wild guess that >8,000 of those projects didn't exist back in 2016.

Going to take an even wilder guess that >8,000 of those projects were started by people that know as much or perhaps even less about crypto, coding, etc., as you do.

Silicon Valley and Wall St., are really good at making it seem like your best bet is to just find a group of some really motivated geniuses to invest in rather than creating your own project. Open / Comment

2021-06-30 06:42:30 Threshold for 'Success' is a Hell of a Lot Lower When You Launch Your Own Project

If you invest in Bitcoin now? Maybe you're hoping it goes to $100k or higher. Perhaps you're hoping Ripple hits $10 or something crazy like that one day. Fill-in-the-blank with any crypto project you can invest in.

Know that whether these dreams come to fruition or not, you're only eating a teeny tiny slice of the pie comparatively to what you'd be getting if this were your own project.

In theory - if you were Satoshi Nakamoto, you were rich the day that pizza got sold for 10k bitcoins. Sure, that transaction valued Bitcoin at virtually nothing, but that doesn't matter when you're the founder / owner of your own project.

How much money did they say Vitalik has? $100M? $1B+? He's known as a founder of Ethereum right? To my knowledge, he doesn't have an account on any exchange where he actively trades. He's not under any regulatory scrutiny and there are no unsealed indictments that we know about that have his name in it.

Ethereum was declared a non-security by the SEC back in 2018.

He's good. Bear market? Who gives a fuck. He's still rich. As hell. Why? Because he's a founder.

Pay close attention to the founders in this space. See if you notice any of them 'hurting' during this crypto downturn.

Last time I checked, Vitalik is good. $ETH at $4k? He's good. $ETH at $2k? He's good. Hell, $ETH at $100 and he's still pretty fucking rich.

You don't have to start your own project, of course. Maybe that's way more legwork than what you're trying to put in. But just know you get back what you put into this life. Maybe that extra muscle is what's required for you to really breakthrough to the next level in this space and go from making a decent ROI on some exchange somewhere / getting in "early" for an allocation, to being a guy that's being interviewed on CNBC, Forbes or some other big-named publication.

All up to you guys though - of course. Just haven't seen any other outlets or sources even play with the idea of encouraging people to really take their freedoms and make a mark on blockchain by contributing their unique, personalized ideas. Open / Comment

2021-06-30 06:34:36 You Definitely Do Have the Ability to Launch Your Own Project I've seen people in this space spend inordinate amounts of time researching, studying, and learning everything there is to know about another project. They join the communities, launch the full… Open / Comment

2021-06-30 06:30:05 Ever Considered Launching Your Own Project? There are a lot of folks that have come to me over the past few days & weeks asking whether I believe 'X' will do 'Y', if this or that team is legitimate, whether this idea is good or not, whether certain marketing… Open / Comment