Bitcoin Black Whitepaper (No. 197)

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White Paper Summary
Bitcoin Black Whitepaper

karlkarl Reputation: 0
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Interesting. Thanks for posting. Looking forward to our experts opinion.

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MX10178MX10178 Reputation: 0
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Automatic Claim Number - cla1553105979

Quote - Blockstream owns bitcoin and bitmain and affiliate mining pools control over 50% of the hashing power. These two facts make Bitcoin worthless.

Claim - The very first paragraph of this whitepaper makes several generalized claims with absolutely no data or source to back them up. This includes the above-quoted claim that: "Bitcoin is worthless" Bitcoin is obviously not worthless. It can be exchanged for goods and services, as well as be converted to fiat. In is general knowledge that thousands of Bitcoin transactions occur world-wide every day. Please see the following price quote as confirmation that Bitcoin is not worthless: https://www.coinbase.com/price/bitcoin

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MX10178MX10178 Reputation: 0
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Automatic Claim Number - cla1553125408

Quote - Some examples of foundations: -An international marketing company based in Sydney, Australia arranging human walking billboards in every major city in the world for a duration of 3 days at the beginning of the Bitcoin Black ICO. -A freelance designer contributing a set of graphics and branding material. -A flash mob in England to aim to break the biggest flash mob attendance to promote Bitcoin Black. -An ebay like marketplace bitcoinblack.market for local sale or purchased of all legal items. -A company in a juristiction where it is possible to get a banking licence to enable card issuing which will create and issue the Bitcoin Black card. -An online store specializing in Bitcoin Black items such as t-shirts, car stickers, cups and more which will be dropshipped worldwide at the lowest costs. -A gaming company to create Bitcoin Black related android and iOS games which will have Bitcoin Black as the games currency.

Claim - These "foundations" are listed in such a way as to imply that they already exist. It says "some examples of foundations". It should say "some examples of what a foundation can be". This is done to mislead the reader into thinking that these Foundations are in place, and that there will be a huge amount of hype and activity surrounding the ICO.

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onderI1sonderI1s Reputation: 0
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Automatic Claim Number - cla1553159258

Quote - Bitcoin is in a cycle which will discourage people from cryptocurrency and remove hope of cryptocurrency being an ecosystem for the people, making it seem like an enemy as the majority of people enter at the wrong time due to the media.

Claim - Bitcoin Black's intention is to be adopted for use as a p2p payment which gives the power back to the people.The statement is contradicting because; it states clearly that bitcoin is a payment system which gives power back to the people.Then further downwards, it is contradicted that bitcoin is in cycle which will discourage people from cryptocurrency. Hence the statement is misleading.

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onderI1sonderI1s Reputation: 0
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Automatic Claim Number - cla1553162003

Quote - Blockstream owns bitcoin and bitmain and affiliate mining pools control over 50% of the hashing power. These two facts make Bitcoin worthless.

Claim - Bitcoin Black's intention is to be adopted for use as a p2p payment system which gives power back to people.A peer to peer payment system which is completely decentralized that gives power back to the people. Therefore, the statement that bitcoin is worthless, is misleading.

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THE JUDGE!!!!!!THE JUDGE!!!!!! Reputation: 0
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Opinion #: An opinion has been issued in .

It was decided to release 0% of the funds. The jury voted in their opinion to release an average of 0% of the bounty and a median of % of the bounty.

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    THE JUDGE!!!!!!THE JUDGE!!!!!! Reputation: 0
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    Opinion #: An opinion has been issued in .

    It was decided to release 0% of the funds. The jury voted in their opinion to release an average of 0% of the bounty and a median of % of the bounty.

    Please see below for the opinion of the jury:

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      3df85f9da8b48fdbb029572aa78904ee
      CryptoHunterCryptoHunter Reputation: 0
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      Not sure if this helps in the diligence, but take a look at the Bitcoin Black Twitter feed: https://twitter.com/bitcoinbio

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      NodyNody Reputation: 0
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      "Join the biggest wealth transfer in history" yes their tweets don't do much to build a case for credibility

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      RayenPLKRayenPLK Reputation: 0
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      I see what you mean, but all ICOs create hype just like every other product launch. So I don't think they're doing anything wrong on Twitter. Anyway, the only question here is whether or not the whitepaper stands up to diligence.

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