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Comments
White Paper Summary
Bitcoin Black Whitepaper
Accreditation
Congratulations
We are proud to announce that the following document Bitcoin Black Whitepaper WP version 197 achieved the ChainBLX opinion based accreditation on 2019-03-18 23:24:07.
This accreditation testifies that it is our professional opinion as well as the opinion of our community that document Bitcoin Black Whitepaper is in compliance with the professional standard brought forward and regulated by chainblx.io.
A ChainBLX accreditation is very difficult to archive and in no way should any statistic be indicative of the quality of the document at hand. Neither should the achievement of accreditation in anyway imply that investors should not conduct their own diligence prior to any investment.
Document Bitcoin Black Whitepaper reached its accreditation with the following statistics.
Likes of forum members: 0
The discussion forum will remain open for future discussion, the remainder of the bounty will be reimbursed to the owner and no future claims can be filed.
In the name of the community and ChainBLX
We wish Bitcoin Black Whitepaper the best of success.
Status: White Paper Owner
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Interesting. Thanks for posting. Looking forward to our experts opinion.
7ef0a30c0cb8c841cb116c912837e17eStatus: Bounty Hunter
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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
faccc300d87676286d9d16e32eb40a79
Status: Bounty Hunter
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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.57191094524d56e50cbcc4decaf5673bStatus: Bounty Hunter
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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.11fbf170a06772d915b71734d48ce664Status: Bounty Hunter
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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.071089876420a482e854e90294a2452aStatus: Member
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It was decided to release 2% of the funds. The jury voted in their opinion to release an average of 4% of the bounty and a median of 2% of the bounty.
Please see below for the opinion of the jury:
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
Highlight: Blockstream owns bitcoin and bitmain and affiliate mining pools control over 50% of the hashing power. These two facts make Bitcoin worthless.
b8a586b6da16a9d7d81897bda6e1d078Status: Member
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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 0% of the bounty.
Please see below for the opinion of the jury:
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.
Highlight: 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.
3df85f9da8b48fdbb029572aa78904eeStatus: Bounty Hunter
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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
8a03d2bbaacd8b2eb53c3418652bbfa6Status: Bounty Hunter
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"Join the biggest wealth transfer in history" yes their tweets don't do much to build a case for credibility
8f0930e65c330c19049b23e5abee44fdStatus: Bounty Hunter
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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.
23760a7f516716ac66e302215248044bStatus: Member
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It was decided to release 0% of the funds. The jury voted in their opinion to release an average of 3% of the bounty and a median of 0% of the bounty.
Please see below for the opinion of the jury:
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.
Highlight: 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.
97588e547b934bde369f28591a438431Status: Member
Send Message
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 0% of the bounty.
Please see below for the opinion of the jury:
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.
Highlight: Blockstream owns bitcoin and bitmain and affiliate mining pools control over 50% of the hashing power. These two facts make Bitcoin worthless.
e2cf622c960d80af6f588a578fb5527bStatus: Bounty Hunter
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Quote: “ When sending a payment to someone, the transaction is verified by taking the difference between the send block and your current balance on the preceding block. On the other end of the transaction, the receive block would then add the amount to its account chain’s preceding block. The end result is a new block that records the updated balance of each user.
Under this system, the platform keeps a record of an account’s balance on its ledger, not a full history of all transactions like traditional distributed ledgers. This means that a block-lattice based network only has to keep a record of each account on its full ledger. Instead of maintaining a record of all prior transactions, the network only stores account balances.”
Claim : This statement quite contradict the purpose of previous accounts or transactions maintenance. In models of B2B and B2C, B2B are required to abide with law in holding the information with previous transactions and their mode of transaction with the receivers information either it’s a consumer or merchant (Business). In B2C model consumer is not legally required in most cases to hold information of his purchases but the merchant (Business) is needed to retain the information. So a detailed presentation of white papers in reflecting the models of B2B and B2C would avoid assumptions maintaining the current and the future transactions information in the platform. If the information is not held on platform then how does law support this BCB Ecosystem. Then how does BCB acquire legal approvals to appeal mass market system.
11430f83659c9ca05b4c9eaa02d5c669Status: Bounty Hunter
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@hermanthkmuppala , claims can not be submitted on a whitepaper that has already been accredited and the time for the submission of claims has expired already. There will be more opportunities for you to submit claims in the near future.
7d95cb31b6e9719c54db188e66c90b8d