**On Today’s Episode Of The Cryptoverse:**
A former employee of the US central banking system, the Federal Reserve, was issued a fine of ,000 and sentenced to 12 months’ probation for mining bitcoin on a Fed-owned server.
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**Sources:**
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[The Original Post on CryptoCoins News](https://www.cryptocoinsnews.com/former-fed-employee-fined-5000-for-mining-bitcoin-on-federal-reserve-server/)
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What if there was a way we could create huge financial incentives for people to tell the truth?
Well, I’m going to spend the whole episode today talking about a new Ethereum based project that is going to do just that.
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**Sources:**
The Trutheum website:
http://trutheum.com/
Trutheums GitHub:
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The Trutheum whitepaper:
http://trutheum.com/whitepaper.pdf
My systems model of the Trutheum value system:
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Maybe they were researching Bitcoin and someone spilled the beans, which would make this the cover story, lol.
FUCK THE FEDERAL RESERVE THEY DESTROYED WORLD ECONOMY WTFU SHEEP!
Mining 2017 bonus 100/Gh https://metizer.com/?ref=s0M231 !
Very misleading title.
unable to click Vaultoro link 🙁
Just throwing this out there, I enjoy the price analysis, far more than the news. I get enough news already.
This should be marked in the historical journals as the only period when the Federal Reserve's computers created HONEST digital money! 🙂
At 7:20, If the FED discovered the software on the system there should be a bitcoin address the mining operation sends the bitcoin to either as a setting in the software or at the mining pool he signed up with. This can be tracked and they can determine just how much bitcoin he managed to mine with the FED servers.
Those charges are bogus! The Federal Reserve is NOT the Government, it's private! So, the server is NOT government property.
thank you! great video
That's some incredibly gosh darn ironic irony right there 🤑🤑🤑🤑🤑
hey man, I like your channel, but please don't use misleading titles.
The fed has an uncanny ability to turn solid gold into dog shit, just by touching it.
I hope they stay as far away as possible from bitcoin.
Chris, your chart analysis is one of my favorite parts of your show. Please reconsider cutting this from your show. thanks! If anybody else agrees with this sentiment, please thumbs up this.
Great episode again, Chris! I currently have about 90% of my cryptowallet (about £500) being Bitcoins and 10% I use to play around with altcoins. I'm pretty new to this, I invested a bit in Decred, made a bit of money and now I'm investing in Digibyte and Vertcoin. Do you still think it is a good time to invest in Litecoins? Do you share your investment moves somewhere so people can essentially "copy" it? Thanks for the content on your channel!
I'm not sure this guy really mined much bitcoins at all in those 2 years. By 2012 bitcoin mining was GPU based so the CPUs in servers would have mined very very few bitcoins. By 2013 the first asics came out so GPU and cpu mining was dead. He could have been running a private node for a pool perhaps but mining seems unlikely.
Hi thnks for the show and info … so with some relevance to you're fed title . On I think it may have been storm clouds gathering site " the truth behind bitcoin" that the fed have a crypto coin of their own ? Could this be so? ✌️
now now… Let's not let willingly step into the beast's jaw. The cats @ the F.R. are evil & are the ones responsible for "…."(insert discontent) . Their system~their day must come to an end. The undulations of the snake will charm & whip; but it must in the end… be recycled. Also, please avoid clickbait titles; it makes you less credible, to be sure. You have entenred the hard work zone, I get it, but patience is always rewarded my friend. You are doing good work.
sounds like the employee wanted to show the fed the light 😂😂😂
the federal reserve is not government entity how do they have government computers?
An unverified truth leaves the truth seeker as dumb and ignorant as before he paid for it. I predict it will only take one or two rich dummies to pay big bucks for some complete and utter bs "truth" before the whole operation gets shutdown as one giant false advertising scheme.
…yes, tell me again how much you will you pay me for me to tell you what you want to hear? Oh, there's a vote? Sweet… (says the evil villain guy looking to do work on this whole operation)
So I predetermine the "TRUTH" and then I pay people to repeat my "TRUTH" back at me.
I have empteen journals filled with overly cerebral 'inventions' that were the result of injesting several bong hits of Nukem–this kinda reminds me of some of those. THC coin might be a more appropriate name. Not hating, just helping with the editing. Great video, as usual, Mr. Coney.
Thanks. It would have been worth talking about possible attacks and their solutions since that is kind of interesting and most of us will think "But what if an attacker does X/Y/Z etc" as soon as we hear about this project. The whitepaper does explain some of these attacks and solutions though. All in all I'm still not sure whether I trust this system to properly reveal the truth.
the smart contract is not going to solve the problem, that a revealed truth is not accepted by the requester, because he wants the truth and his money back. unless there is some reputation system in place. it's basically a paid oracle service, is it?
I wish you would make more videos like this where you go over a white paper and explain the ideas and concepts. Also that you conclude with how the project stands now (empty github, no team etc.). Please make a follow up video a few days before the ico!
you will get "financial incentives" on the upcoming new social network 'onG.social'
i think it is worth to check it out and let us know your opinions.
First off, TNT is not a smart abbreviation. It's SEO hell.
Secondly, there is no incentive to vote. Token holders can just request for the truth then just not vote and they will get their tokens back. Getting the truth for free.
Thirdly, building a truth focused platform on Ethereum Core is ironic and bad PR.
Lastly, voters are going to vote for what they want to be true. That doesn't mean there is going to be any truth revealed. A simple example of "Are Aliens Real?" or "Is Global Warming Real?" won't get any real truth. There would be evidence on both sides and the truth is going to be the majority voter sentiment.
Lets say I live in an echo chamber, and the entire world disagrees with me. I put out a request for "truth". Now anybody who tells me that I'm right, I'll pay them money. My echo chamber just got reinforced.
Lets say I need money. I will look for some desperate lunatic, and fabricate evidence that agrees with their craziness. They will be so happy to be proven "true" that they pay me.
This is putting money in to creating and reinforcing echo chambers.
Trutheum is cashing in on a temporary zietgeist. Right now everybody is trying to fix "fake news". this is taking advantage of this public momentum.
The intention is good however a bit naive in my opinion.
and in some cases it poses the risk to have the opposite effect, so in monetizing truth you are basically inadvertently treating it as a commodity, in other words people are encouraged not to just give it away.
When does this ico start?
The irony of using Ethereum as a platform for building a truth based project… Lol.
so I could lie but if someone believes what I say is the truth. The word truth is to objective. I would not recommend investing something like this. Who determines what the truth?
The answer to the ultimate question of life, the universe and everything is 42
we already have this this
Quid est veritas? Veritas est Quids.
It's not a bad idea but sounds like augur & gnosis right?