Exclusive: The Truth Behind the Bitcoin “Cult” Trying to Buy a Church in Brooklyn

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Word has it that a cryptocurrency “cult” is trying to buy a church in Brooklyn. Here’s what we know.

Last week, these fliers started popping up around Williamsburg, Brooklyn:

The Facebook page for the protest, run by a Judy Gunderson, linked to an actual Facebook page:

And the “cult” that Ms. Gunderson was linking to was, yes, The First Church of Crypto:

People on Twitter, of course, went nuts (look for yourself).

There was a (very excited) Reddit thread on it:

And some people started a Telegram group to talk about it:

Yes, there was even an Overheard In New York post about it:

Before this goes any further, and any reporters sink their teeth into it, let’s take a glimpse at the source code of the First Church of Crypto site:

 

Yeah. April Fool’s, dummies. That was us.

With good reason.

But before we get there! A brief making-of:

  1. Yes, we actually hung flyers last week around Williamsburg.
  2. We spun up the “Church” site. Which, true story, at one point included a rewritten version of the Serenity Prayer (“Satoshi, grant me the wisdom…“).
  3. We took out a bunch of targeted Facebook ads.
  4. The entire thing took a few hours.
  5. And over the weekend, a bunch of people not only bought the idea hook, line, and sinker, but to our surprise, propagated it and actually wanted it to happen.

Let’s linger on that last point for a moment:

A bunch of crypto bulls thought it’d be a good idea to spin up a church in praise of cryptocurrency to replace a real church in Brooklyn.

Out of the hundreds of people who bought this reality sight-unseen, there was just one, dumb, random Pepe on Twitter who had our number. That’s it.

And that, right there, might explain much of the cultural problem around cryptocurrency:

The fervor around crypto, perpetrated by its loudest, most absurd, unilateral boosters is comically, blindingly obtuse to its own dumbassery.

The ideas behind decentralized currencies and blockchain are fascinating, and hold tremendous amounts of potential, blah blah whatever. Look: If you’re reading this, you already know how important and great blockchain could be. And if you’re a cogent, thinking, sentient human being who hasn’t caught the crypto vapors past the point of common sense, you also know it could be even greater if the, uh, culture and literacy around it weren’t such an absolute, utter shitshow (to say nothing of the bad actors, charlatans, and snake-oil slingers exploiting this uncharted territory).

It’s really too bad that there’s not a single must-read publication for breaking news, gossip, commentary, and analysis about cryptocurrency and its culture — its highs and lows, the most brilliant iterations and the most idiotic pratfalls, the big-time titans, the low-grade conmen, the shitcoins, the Lambos, the fortunes, the face-falls — that isn’t just a mash note, or a dumping ground for press releases, or yet another site for hot takes and explainers where someone tries to craft a shitty blockchain metaphor around a deck of cards for the umpteenth time. A site where no token is sacred, no moon hangs too high, and no bag is too rekt.

Which is why we’re launching one. Hodl on to your bags, coins, and asses:

Blocknik, a new site about cryptocurrency from Futurism Media, is coming. Summer 2018.

Sign up here to be first in the door.

*Oh, and if you know anyone: We’re putting a premium on talent, and looking for funny, sharp, brilliant writers who can rise above the current Rainman-esque standard of dialogue about crypto, and who would like to do it for what’s gonna be the most fun, hysterical gig in the space. It’ll also pay well, and in fiat currencies. If you’re interested — or know anyone who is — give us a shout.

The post Exclusive: The Truth Behind the Bitcoin “Cult” Trying to Buy a Church in Brooklyn appeared first on Futurism.

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Blockchain isn’t the only tech behind Bitcoin

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At the Blockchain Africa Conference held in Johannesburg, South Africa, prominent bitcoin and security expert Andreas Antonopoulos criticized banks and technology firms for treating the term “blockchain” as interchangeable with public blockchain networks – bitcoin in particular. This is highly erroneous because the blockchain is just one of many technologies that supplement the bitcoin network and allow it to function as a decentralized, distributed, and peer-to-peer financial network. The Bitcoin network consists of various solutions and cryptographic technologies, including Schnorr signatures, advanced elliptic curve applications, and ring signatures. The blockchain merely operates as a database within the Bitcoin and Ethereum blockchain networks;…

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Bitcoin Cash still trails behind SegWit when it comes to transaction volume

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The war on Bitcoin is far from over. In spite of attracting wide adoption when it first launched back in August last year, it appears that Bitcoin Cash still lags behind Bitcoin’s SegWit soft fork when it comes to overall transactions processed. The research arm of cryptocurrency exchange desk BitMEX found that SegWit has 31.5 percent more cumulative transaction volume than Bitcoin Cash. SegWit (a portmanteau for ‘Segregated Witness’) was introduced in August 2017 as an improvement protocol designed to solve the blockchain size limitation. After this update, users had the option of using SegWit and upgrading their wallets, which provides the…

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Cryptojacking rates increased by 85 times in Q4 2017 as bitcoin prices spiked: report

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Instances of computers hijacked to mine cryptocurrency, a practice known as cryptojacking, rose 8500 percent in the final quarter of 2017, according to a new report by Symantec. The attacks make up 24 percent of all online attacks blocked in last December, and 16 percent of online attacks blocked in the last three months of 2017, correlating with the spikes in bitcoin and other cryptocurrencies’ prices last year.

Symantec report tracks the rise of cryptojacking, and explains that its rise is partly due to easy-to-operate coin minings apps “with a low barrier [to] entry—only requiring a couple lines of code to operate,” which many have picked up as a way of cashing in on the cryptocurrency craze. Overall, cryptojacking rose by 34,000…

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Bitcoin Will Become World’s Single Currency Within 10 Years, Says Twitter CEO

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Speaking of the current cryptocurrency king, Twitter and Square CEO Jack Dorsey said that he believes Bitcoin will become the world’s single currency within the next ten years.

[ Continue reading this over at RedmondPie.com ]

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Amir fought Isis in Syria, now he’s enlisting an army of hacker monks to save bitcoin from itself

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Bitcoin is one of the most traceable currencies, digital forensics expert says

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In an exclusive interview with Binary District, Michael Perklin, an expert in digital forensic examination and head of information security architecture at ShapeShift, discussed the lack of privacy in bitcoin, security issues in storing sensitive user information, and the rapid growth of the cryptocurrency market in general. In the interview, Perklin described bitcoin as one of the most traceable currencies on the planet, due to its lack of privacy solutions and measures. The implementation of strict Know Your Customer (KYC) and Anti-Money Laundering (AML) systems by nearly every regulated bitcoin trading platform in the market, makes it easy for government officials and…

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Scammer pilfers $75,000 in bitcoin from Steve Wozniak

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A sale of the bitcoin cryptocurrency ending in a credit card chargeback resulted in Wozniak losing seven bitcoins with nothing to show for it.
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Bitcoin ‘creator’ Craig Wright is being sued for allegedly swindling $5 billion


Craig Wright, who once claimed to be Satoshi Nakamoto, aka the inventor of Bitcoin, has been accused of attempting to swindle his former (and late) business partner Dave Kleiman’s estate of $ 5 billion worth of the cryptocurrency. Kleiman, who died in 2013, was a forensic computer analyst, author of multiple books on IT security, and supposedly involved in the invention of Bitcoin. In 2011, he established a company called W&K Info Defense Research LLC in Florida with Wright. The duo allegedly held 1.1 million Bitcoins between them at the time. According to the suit, filed by Kleiman’s family, Wright attempted…

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Self-proclaimed Satoshi Craig Wright is being sued for stealing his partner’s bitcoin

Craig Wright, who once claimed to be long-sought Bitcoin founder Satoshi Nakamoto, has been sued for stealing $ 5 billion in bitcoin from a former business partner.

Filed in the Florida District court earlier this month, the lawsuit alleges that Wright participated in a joint bitcoin-mining venture with the now-deceased IT consultant Dave Kleiman, ultimately mining between 550,000 and 1,100,000 bitcoin. According to the plaintiffs, Wright forged and back-dated a number of documents after Kleiman’s death in order to make it appear that the co-founder had signed away his shares.

Kleiman’s estate, represented by his brother Ira, seeks the return of those bitcoin, which would now be worth over $ 10 billion. According to the lawsuit, the…

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