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#i dont like using jp versions of names because not everyone is on the same boat (heh. boat)
i-like-eyes · 2 years
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I can afford to be a little reckless when you're with me
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twewy-comix · 3 years
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7th twewy VII - code: S.H.O.
(this is the liveblog post)
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whoa, hey, let’s not jump to conclusions here!
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god imagine getting a drink and it’s like 90% ice cube. sphere. whatever
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anyway back to our normal friend josh
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who can use jesus beams now! but still has shit defense and will get mauled by crabs the moment you look away!
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center gay
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f-”fujisan roku ni o-mu naku”............ god fucking dammit i hate sho
(the subs won’t tell you what the mnemonic is. but i did. just now. sho says it a lot in the jp version. it means uhhh something about a bird at mount fuji idfk who cares. i guess the thing he was saying while drawing the sigil last ep was a really, really long mnemonic for pi??)
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fun twewy memories: trying to decipher that goddamn map
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NO
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:(
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at least these guys lived! what a relief! (jk they die too)
so uh, the anime showed new wall reaper designs once each and then went back to the originals...??
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me when im playing the second half of week 2 and keep getting mugged by taboo noise
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CRABS
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oh nvm i think that’s one of the new designs (he dies immediately)
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MOVE OUT OF THE WAY JACKASS
yknow i never got why like, in movies and stuff when there’s a boulder or some huge object heading toward the characters, why they never go to the side?? even when there’s plenty of space to?? they just keep running straight, like that’s gonna do any good
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Leave
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they special day
fangs....moe.........
ok but i kinda prefer the game version where he saves joshua from getting killed by noise because he wants to do the killing himself? you cant just take away perfectly good brain worms like that, bro!!
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anyway: zowee yaowee
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m-...mark...??
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oh. right, i heard they got permission to use the actual irl names for neo, i guess theyre using them here too (but they kept 104, ofc)
(”in the real life”)
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anyway this was a fun little 7-episode anime
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what
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SPIDERS??
ok i noticed them in the op too but uhhh the game didnt have spiders, right? (are crabs like spiders?)
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if only there were some huge red glowing beams of light from which we could infer their location!!!
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ok blue ones work too
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h-heart-shaped... moe???
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okay so they switched on the lights as thanks for saving them before, but also beat’s here, but also he’s “accidentally” protecting them from noise on purpose(???) and now the textures are all fucked up
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oh right, this hadnt happened yet. i guess it’s more dramatic on a roof at sunset
(z-zowee yaowee...?!)
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they’re on the roof, but they have to go to the roof on top of the roof. what will they find there? perhaps... a third roof???
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male gaze
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fucking same
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male gaze
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oh come ON
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so like, are cheesy paint roller guns standard issue for reapers
(oh so we get to see NEKU bleeding profusely from bullet wounds but not the character everyone wants to see bleeding profusely?? i see how it is.) (im everyone)
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male gaze
they dont show his wings shattering either??? what sick fuck is responsible for not catering to me specifically
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is that better or worse than zetta slow? i’d google it but i dont want that in my search history
oh right uhh the roof broke and now theyre floating in a dimension of prismatic roof pieces(??) that show memories(???)
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male gaze (furry edition)
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dude teleports all over the place and beats the shit out of them. pretty accurate to the game! 
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for one brief, fleeting moment, i thought they were gonna hold hands
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rest in fucking pieces. pi-eces
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then he explodes himself. and i guess dies, permanently, as dying always is in this anime, and we will totally never see him again
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josh pushes neku off the roof, clear of the explosion. good thing there’s another roof not too far below
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:3
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“oops, i could’ve sworn the other roof was on that side :3c”
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he ends up back in blank white background zone. gosh, if there’s one thing i cant stand, it’s when art has a blank white background!
kitaniji is slow clapping, because secretly he sent the final mission to get rid of minamimoto for everyone. guess he heard one “megs” too many........
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:(
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ah, so THAT’S why he dyed his hair in the sequel
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flakandforay · 6 years
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Singularity Theory
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overall: thanks bighit for dropping this out of nowhere despite the fact that i have work the next day, totally fine. honestly i just love this whole vibe of it help. but moving on, i cant just enjoy the song without looking at the whole MV. 
everyone knew that the intro is titled singularity and due to my previous hunch in the LY Intro Theory, it would be done by Taehyung which we all found out to be true. but moving on, regardless, everything in this video is important regardless to help us understand the HYYH series.
warnings: death, mentions of blood etc, please do read with care
theory: well, when everyone thought that we are done with the HYYH series, bighit proves that we aren’t even done with it, not even one bit. in a way, this video could be seen as a standalone since there aren't much relations, but do stay tuned as i uncover the relations. 
not especially when they released the album covers of the Love Yourself Tear Album, and we see this continuation of the flowers with Love Yourself Her Album as well, notice how they actually fit. 
also, take a look at the Y version of LY Tear, there is a line that would most likely connect to the last instalment of the LY Series to spell S, E, L, F. 
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also, notice that in LY Tear, the flowers have untangled themselves, as if to say that this is the end, this is how they are ruined by love; how they are now facing singularity which later could be seen as loneliness. 
i found this on twitter (ctto), that, if you like at the flowers again, it spells out  ‘Tear’; yes to the graphic designs ???
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but moving on, this intro, Singularity is done by Taehyung that has a nice jazz, slow burn vibe to it. full analysis of it right here.
but let’s start off with the meaning of Singularity. 
Singularity = the state, fact, quality, or condition of being singular. 
Reference 
hence it could be interpreted as loneliness, especially loneliness after a relationship has ended and has been well conveyed throughout the whole mv of Singularity; right from the props itself and his acting. 
notice how the props that Taehyung uses are clothestand, though i know it’s a choreography done by Keone Madrid but the fact that he portrayed the ex-lover as a clothestand, and that he portrays the same intimate, sensual feelings with an inanimate object eg. the clothestand.
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according to this tweet, Namjoon was the one behind these lyrics for Singularity, writing them after he was discharged from the hospital since he had a recent surgery.  hence the depth of the lyrics brings one to places for sure.
anyway, notice how everyone was shocked to see that this intro had a choreography just like boy meets evil. based on this tweet, it has been revealed that bighit actually teased us during the 2017 MMA, in which it featured Taehyung dancing to the same intro routine with the back up dancers.
thanks bighit for the unnoticeable hint. everyone thought it was just part of the dance and performance. 
moving on, remember i said that they are several parallels to DNA, I Need U Jp, BST, BST JP. , Wings Concert Trailer etc, here’s how.
with DNA, the same kind of wide set
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with I Need U JP, and the use of flowers, specifically flora.
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BST, and the same kind of neon pink filter, during the 2nd chorus of BST to match Singularity. 
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BST JP, with those filters seen again here. 
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not to mention the Wings Concert Trailer together with BST, them with the dripping ink from their eyes.
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yet, apart from this, it’s interesting how ink comes out of one eye, as if they're crying. i would like to assume that this idea or concept is somewhat similar to the Weeping Statue ( i mean this could be far-fetched, but consider it as my personal opinion )
a weeping statue = statue which has been claimed to be shedding tears or weeping by supernatural means. Statues weeping tears of a substance which appears to be blood, oil, and scented liquids have all been reported. Other claimed phenomena are sometimes associated with weeping statues such as miraculous healing, the formation of figures in the tear lines, and the scent of roses.
Reference
keywords from here, are statues weeping tears of oil etc and scented liquids ( possibly paint, ink ? ) just like these scenes above but also the fact that it has to do with the scent of roses etc ( just like the one in Singularity )
however, for eg. the meaning of the Virgin Mary weeping is as such.
Some believe that because of the state of the world has caused the Virgin Mary to weep tears of blood because of all the losses of life.
Reference 
yet, i find it interesting that out of everyone, only Taehyung had the mask on with the ink dripping from the eye as compared to Jungkook and Jimin. as if to say that Jungkook and Jimin are weeping because of the losses of life of the other boys but for Taehyung’s case, it is from the mask, to say that another identity of him is weeping but not really him. 
remember how in Euphoria, the storyline of HYYH changed, and so he isnt exactly weeping, he is just putting a facade. 
i mean, then again, at 0:36, there is this scene of Taehyung extending his hand to get attention and it just reminds me of their Wings VCR Concert Trailer as if Taehyung is trying to get out and escape; that same vibe.
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then, notice how he is wearing the Gucci earring called Loved. the fact that the earring is ‘Loved’ since to say that he is no longer in a relationship, he used to love someone, he is lonely now; in the singularity phase. 
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notice how there is this quick scene of the roses. 
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as such, the flowers here are mostly to blue and lavender, faint pink possibly.
naturally, there are meanings to the colours of the roses. so, i did some research and here is what i got.
Lavender = Love at first sight or just an enchanting way to say, "I love you!" Lavender roses can offer a daily reminder of your love and eagerness to grow your relationship.
Pink = Words like admiration, gentleness, grace, gladness, joy and sweetness are just a few ways to describe the meaning behind the pink rose. A pink rose can also convey happiness, gracefulness and admiration.
Blue = symbols of love, prosperity, or immortality.
Based on another website, Blue = the impossible, or the unattainable. Since the blue rose itself is a rarity in nature, it stands for something that is hardly within one's grasp, an object that seems too difficult to be achieved. Thus the blue rose is admired and revered as an unrealizable dream.
Reference: here, here and here. 
so based on this, it is safe to say that these flowers represent unattainable love, love that was impossible especially if it was fake love as what has been hinted during the 2017 year-end shows. 
notice how this is specifically for the scenes of Taehyung and Seokjin just like how the whole HYYH series revolves around yet again. 
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not to mention how the lavender represents ‘love at first sight’ as what bangtan have been promoting in their Love Yourself Her Album, especially in DNA, in which it is in their DNA upon seeing their loved one during the first time, it is fate, it is destiny, and it is not a coincidence. 
첫눈에 널 알아보게 됐어 서롤 불러왔던 것처럼 내 혈관 속 DNA가 말해줘 내가 찾아 헤매던 너라는 걸
=
I recognized you as soon as I saw you As if we’ve called each other The DNA in my blood is telling me That it’s you who I’ve been looking for
Reference: Colour Coded ©
but also, i found another meaning of the blue rose and i think it is really befitting. 
The meaning of the blue rose could also be in sync with the quote which goes, "some doors should never be opened."
Reference
so in a way, as if to say, one shouldnt fall in love in the first place, to protect yourself from all the negative feelings and singularity that would come when the relationship crumbles down. 
but anyway, moving on, within these scenes, it seems as though Taehyung seems to be carrying a Smeraldo flower. 
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remember prior to the LY Her album, there was the Smeraldo blog that was active but is now closed. ( translations of some of the Smeraldo blog posts here ) 
also, the Smeraldo flower is actually a flower created by a man, it wasn't originally grown by mother nature or anything. it’s meaning is ‘The truth I couldn’t tell.’ 
remember how at the end of the Euphoria video, Jungkook asked Seokjin, “Brother, is that everything? Aren’t you hiding something more from us?”
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and then, these few scenes where Taehyung looks up at Seokjin as if to say he knows the whole truth, so maybe he didnt even forget in the first place, but he doesn't seem to confront Seokjin about it; most likely the other boys dont know what’s going on, or even if they do, i guess they haven't had it all figured out yet; maybe just some hints that things aren't the same since in the Euphoria world, the timeline changed (Euphoria theory here).
sidetracking back to Taehyung wearing the mask in Singualrity, one could also consider this as he is actually weeping since he knew what Seokjin is doing but given that the rest doesnt know, so he tries to hide his true feelings. 
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but moving on, i like to bring up the point of the whole ‘frozen lake’ metaphor in the lyrics of Singularity. 
이얼어 붙은 호수에 또 금이 가 그 호수에 내가 날 버렸 잖아 내 목소릴 널 위해 묻었 잖아
=
A crack again on this frozen lake I dumped myself into the lake I buried my voice for you Over the winter lake I was thrown
보지만 결국 엔 언젠가 봄이와 얼음들은 녹아 내려 흘러 가
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But in the end, spring will come someday The ice will melt and flow away
Reference: Genius 
it’s not a common metaphor, but i did some research, and this is what i found. 
“Your frozen lake is the name for what you want most in the world. And you want it. You want it so bad that you’ll do anything to get it and your heart takes over. But because of that it destroys you in the end. It’s right there sitting in the middle of the frozen lake. And you think you’re fast enough to go out there and grab it before the ice cracks
And what you don’t realize is you’re already standing on the ice and it’s falling apart around you.”
-K. Blye & M. Deeks
Reference
notice how the fact that the frozen lake metaphor is used to say that in between, everything else around you is crumbling, falling apart much like the relationship that has just ended. 
hence these scenes.
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then it also shows how Taehyung is now touching the so called melted frozen lake, to which he sees his own reflection, as if to say that everything has already fallen apart, and now he realises that he is in singularity. 
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notice how familiar this is with Hoseok in BST ( read my Taehyung and Hoseok’s pairing theory here )
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but what’s interesting is that remember in BST, it ended with Seokjin’s face being cracked, and everyone got a shock because why would they do that to his face.
but now it kinda makes sense, because think of it as now Seokjin has realised that everything surrounding him would crumble and fall apart, hence maybe why he now tries to go back and correct the mistakes, creating parallel worlds, despite knowing he would sacrifice himself eg. Euphoria 
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moving on, im going to go back to the lyrics, and notice how it brings the idea of the phantom. 
잠시 들어간 꿈 속에도 나를 괴롭히는 환상 통은 여전해
=
In the dream I shortly went into My agonizing phantom pain is still the same
Reference: Genius
when they brought up the phantom in verse 2, one would see the whole mask aesthetic.
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honestly, i thought they were doing some kind of Jabawockeez thing but of course with this style of music, it’s not likely. so my next guess, would be the Phantom of the Opera by Andrew Lloyd Webber. ( a classic )
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The Phantom of the Opera talks about a lady named Christine who then grew up in the theatre scene, though she wasn't outright a singer, since she was young, she has been receiving lessons of music by the ‘Angel of Music’ who was none other than the Phantom himself. 
see, he was a man who had a disfigured face, hence the mask to cover his flaws. but as time passes, he grew infatuated and loved Christine though of course Christine didnt really feel the same way since she had someone else named Raoul. 
but apart from this plot, the Phantom was known to be the one lurking in the Opera house etc but more importantly, he was a musical genius, composing great operas. the Phantom was known to have experienced unrequited love but more importantly, loneliness, otherwise could be interpreted as Singularity. he has lived a life where many fear him, many have not seen him either, hence many would not love him at all.
with his disfigured face, when he was young, he was most likely not treated well, hence no compassion or a sense of empathy or love shown to him which was why towards the end of the Phantom of the Opera,
Raoul finds the lair and attempts to persuade the Phantom to spare Christine, begging him to show compassion. The Phantom refuses, and captures Raoul with the Punjab lasso. The Phantom tells Christine that he will free Raoul if she agrees to stay with him forever, but if she refuses, Raoul will die. Christine, heartbroken, tells the Phantom that it is his soul that is deformed, not his face. As the Phantom and Raoul both plead to her, Christine mournfully wonders what kind of life the Phantom has known. She tells the Phantom that he is not alone and kisses him, showing him compassion for the first time in his life. The Phantom, having experienced kindness at last, understands that he cannot compel Christine to love him, and sets them both free. Raoul hurries Christine out of the lair, but she returns alone to give the Phantom back his ring. The Phantom tells Christine he loves her, before she tearfully exits with Raoul. The weeping Phantom huddles on his throne and covers himself with his cloak. The mob, led by Meg, enters the lair. Meg pulls the Phantom's cloak from the throne, finding only his mask on the seat. She lifts the mask up into the light and gazes at it in wonder as the curtain falls.
Reference: Wikipedia; Synopsis
so here in a way, it is as if the Phantom has finally accepted his fate of not being loved by Christine but sets her free. perhaps this could be the next hint for Love Yourself Answer which would be the final instalment of this whole series. 
i did some research on the significance of the mask in the Phantom of the Opera
The short answer is this: the motivation for every event set in motion is the severe, present-from-birth facial deformity of the Phantom; the deformity that he wears the mask to conceal. He was actually forced to wear it as a child, since in the mid-1800s(and quite a bit later), an accident of birth like that was often seen as a devil's curse, a sign of uncleanliness, or similarly dark circumstances. Over his lifetime, the mask became the symbol of all the hatred and condemnation he'd gotten from everyone around him, as well as the place to hide that disfigurement. Crutch and shield and prison and symbol.
Reference 
notice how the phrase devil’s curse is used, hence relating back to my Jungkook HYYH: the Notes theory  especially since in the HYYH notes: L Version, it seems as though Taehyung had a hard time starting with his own family. 
Taehyung 29 December YEAR 10
I took my shoes and threw my bag and went into the main room. My father was really there. I didn’t think of how long he was going to return or where he had been. I only raced recklessly into his embrace. I don’t remember clearly afterwards. Whether it was the smell of alcohol, the cursing or the slap to my cheek. I didn’t know what was going on. He reeked of alcohol and his pants were foul. His eyes were bloodshot and his beard was growing wildly. He hit my face with his large hand. He asked what I was looking at. He then lifted me in the air. His crimson eyes were frightening but I was so terrified that I couldn’t even cry. This wasn’t my father. No, this is my father. But then again, he wasn’t. My two feet shoot in the air. In the next moment, my head crashed hard into the wall and I slumped to the floor. It was as if my head exploded. My vision flickered and I blinked a few times. My head was filled with the sound of my father’s harsh breathing.
i love how vast and ambiguous all these scenes were, even more so when there were these few scenes that only showed certain angles of Taehyung’s face as if the rest of his face was covered by a flaw.
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but lastly, this scene has got me thinking why it was there in the first place. 
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this scene only came for 1 second before the video transited to something else. im not exactly sure what this is, but i would safely assume it would be a reference to the whole frozen lake thing, the one where Taehyung finds himself in the dream.
but anyway, i do think that Singularity has some hints to offer, but of course, aesthetics, music, lyrics and choreography, thank you Taehyung for pulling this off so well, i can’t wait for what bangtan has in store for us. 
so what’s next?  
[Photo Source] Bighit Entertainment  Credits: maxine ☕️ DO NOT REPOST ©
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damonbation · 5 years
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Let's Talk Bitcoin! #392 'That's Not a Blockchain, that's a Sequence of Poor Engineering Decisions!'
On Todays Episode of Let's Talk Bitcoin...
Join Adam B. Levine, Andreas Antonopoulos, Stephanie Murphy and Jonathan Mohan for a look at the latest Coinbase privacy kerfluffle, JPM's tepid jump into the Stablecoin market, and the still unannounced but inevitably coming "Facebook Coin" and what it means to... Banks?
Tip LTB:1FZGD64BA7B9GdwDhGGGF92amt9X6VH38K
or Via the Lightning Network at tipltb.tokenly.com/
Curated & Transcribed Highlights from Let's Talk Bitcoin #392: "That's Not a Blockchain, that's a Sequence of Poor Engineering Decisions!" provided by Professor Meow
Coinbase Acquiring Neutrino
Adam B. Levine: The core of what's happened here is that Coinbase was representing that they were not selling or sharing data about people who use Coinbase, except under very specific circumstances. And it came out somewhat recently that it actually was not true and one of their service providers had been actually selling that data (as many of these service providers do). Coinbase opted to acquire a company called Neutrino. Neutrino basically allowed Coinbase to do the same type of thing through a third party, but there's some baggage that came along with Neutrino name.
Andreas Antonopoulos: This :give-and-get data" is the Devil's deal with all of the analytics firms. Basically, if you want to get a transaction scored in terms of its AML, counterterrorism and KYC score for how tainted it is by bad-y coins, you have to give these services every transaction to review and they will return a score. You give them every transaction with all the identifiers, so they can score it, so they build a surveillance database with this. I don't know why anyone is surprised that these companies whose primary business is to collect surveillance data, also sell this surveillance data to third parties.
That's the least of the problems right. Yes, they sell it to third parties. Yes, they feed it to intelligence agencies directly. Yes, they're also vulnerable to being hacked themselves, which leaks all of that data to everyone. That data is effectively public. It is a public surveillance mechanism that collects all of the information. All exchanges do this. All exchanges have to do this. And so the initial rationale of Coinbase is: if we buy a company that can do analytics for us, we won't have to give this to third parties. That's not an outlandish claim, that's a rational choice. Where things fall apart is that the team that they bought (Neutrino acquisition) is the team that has been criticized in multiple investigations of assisting horrible dictators who puts back doors into software, been involved in State-level hacking that targets dissidents in places like Saudi Arabia, all the way up to being linked to the slaughter of Jamal Khashoggi.
Privacy and Banks
Jonathan Mohan: I remember one of the prosecutors from the Southern District of New York was saying that he couldn't be more excited by Bitcoin. He saw it as email for money. The way they can crack down on criminal enterprises is because it's almost impossible to engage in a crime with a couple dozen people without an email record. And he saw Bitcoin as that future, and actors like Coinbase are very much willing to feed into that narrative. That's why I actually think that the most contentious hard fork in Bitcoin's history will be privacy and transaction obfuscation.
Adam B. Levine: If you pick a centralized exchange like Coinbase, then you just have to assume that you have no privacy within Coinbase, and further than that, beyond Coinbase. So is there a use case for decentralized exchanges, or do we need to have a different type of centralized exchange? Is there a solution to this problem?
Andreas Antonopoulos: This is a battle for privacy in the 21st century, and we're fighting this on every domain. And let's not be naive - this is how all of traditional finance works. The Patriot Act imposed obligations on banks to do full time surveillance of every financial transaction into and out of every bank account, credit card, and payment. All of that information is being funnelled directly to all intelligence agencies, working in collusion, or are backdooring each other's systems. So whenever you do a transaction on your Visa card, or your Paypal transaction, or your bank accounts, you can assume that not only are the Five Eyes agencies of Australia, New Zealand, the UK, Canada, and the United States watching, but you can assume that half of the European intelligence agencies, the Chinese, and Russians are watching that transaction too, and are all doing statistical analysis scoring. That's how traditional finance works.
We are heading towards a future where digital cash will be the only cash available, as they're trying to rapidly eradicate paper cash. At that point we have to choose between that, or a cryptocurrency that is not based on surveillance. Exchanges are only doing a subset of what is happening across the financial world. They have less visibility into crypto, which means that they can be thwarted, which means you can obfuscate and build better privacy into these systems. This is the primary differentiator for privacy coins. This is a battle for privacy in the 21st century. If we end up without privacy solutions then the only people who will have privacy are criminals.
Coinbase is a bank. They're a crypto-friendly bank, but they're a bank. Once you accept that Coinbase is a bank, you accept that means compromising your privacy. Their business model is fundamentally at odds with many cryptocurrency values. There's really two reasons for why Coinbase is so popular. One is, for people who see cryptocurrency as an investment, which in my opinion has always been the wrong way to look at this. If you're not earning cryptocurrency you're buying cryptocurrency, then you need an exchange. You don't use cryptocurrency, so you keep moving between the two economies of fiat and crypto. So that's one problem. And the other problem that we still haven't solved, and will take a while to solve, is that security in crypto is difficult. So outsourcing that's to a bank seems natural for people who don't know how to handle their own custody. We need to get a lot better at helping people do self-custody and security of their crypto themselves, so they don't have to outsource that to a company, with all the privacy problems that come with.
JPM Coin
Andreas Antonopoulos: That press release about JP Morgan coin, the amount of bull**** is astonishing, even for JPM. That's not a blockchain, that's a SQL database. You may have over-engineered it to use blockchain technology to implement a database, but that doesn't make it a blockchain, that's just a series of poor engineering decisions. You didn't need a blockchain for that. All you've done is create a less scalable, less efficient version of SQL.
"That's not a blockchain, that's a sequence of poor engineering decisions!"
This is a ridiculous thing, and we're going to see more of these emerge. The next one I think is Facebook coin. We're going to see these types of corporate coins emerge, and they're going to use words like "blockchain", but effectively what these are, is centralized, custodial counterparty risk laden, slowly inflating into shit value, pegged to the unstable debt-ridden U.S. dollar, and backed by the full faith in credit and the biggest crooks in history who run Wall Street (which isn't much faith in credit).
This is a complete waste of time. Are they competing against crypto? No. They're competing against Paypal, Venmo, and things like that. It's not a game they can compete very well in, because when Facebook launches their coin, they'll eat JPM's lunch. In terms of having reach and being able to deliver the promise of a stable-shitcoin, better than anybody else in selling out your privacy, is Facebook.
I'm not worried at all about crypto because crypto serves an entirely different purpose. It serves the purpose of independent, decentralized, censorship-resistant, borderless, world currency, that is not controlled by a single company. They cannot compete.
Jonathan Mohan: Everyone talks about Bitcoin needing its AOL moment. They forget what AOL was. AOL was the really crappy walled-garden that you got all the rubes into because they didn't know what the Internet was. Then they got just a taste of it, and realized that they wanted more. AOL collapsed because they couldn't make money doing it, and just vomited people onto the real Internet - that was the real AOL moment. The AOL moment wasn't the celebratory thing, it wasn't a great thing, it was the collapse of the pseudo-internet that dumped everyone onto mainnet. The thing I'm excited about JPM coin and Facebook coin is that we can potentially get a billion people using a really shitty substitute to Bitcoin.
Some of the articles we used in our prep for this episode
Topic 1: Coinbase Confusion
A - Coinbase acquires controversial group and tech "Neutrino" for reasons
https://bitcoinmagazine.com/articles/coinbase-bought-neutrino-because-its-old-analysis-providers-sold-user-data/
B - Backlash ensues https://cryptonews.com/news/new-twist-in-coinbase-case-raised-more-questions-about-crypt-3467.htm
C - Coinbase fires Neutrino team, keeps tech https://coingape.com/coinbase-announced-good-bye-neutrino-team/
Topic 2: With JPMCoin & FacebookCoin seemingly on the horizon, let's talk about Corp-o-Stable-Coins
A - JPM Coin, in their own words. https://www.jpmorgan.com/global/news/digital-coin-payments
B - Speculation on Facebookcoin' https://hackernoon.com/facebook-coin-a-necessary-evil-3a9ad3414abe
C - Perspectives on whether FacebookCoin would be good or bad for Bitcoin https://www.newsbtc.com/2019/03/02/dont-count-facebooks-crypto-or-jpm-coin-out-they-could-boost-bitcoin/
Thanks for listening to this episode of Let's Talk Bitcoin, content for today's show was provided by Stephanie Murphy, Jonathan Mohan, Adam B. Levine, and Andreas Antonopoulos.
This episode was edited by Adam B. Levine and featured music by Jared Rubens and General Fuzz.
Send questions or comments to [email protected]
from Money 101 https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-392-thats-not-a-blockchain-thats-a-sequence-of-poor-engineering-decisions via http://www.rssmix.com/
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danielmarkharrison · 5 years
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Let's Talk Bitcoin! #392 'That's Not a Blockchain, that's a Sequence of Poor Engineering Decisions!'
On Todays Episode of Let's Talk Bitcoin...
Join Adam B. Levine, Andreas Antonopoulos, Stephanie Murphy and Jonathan Mohan for a look at the latest Coinbase privacy kerfluffle, JPM's tepid jump into the Stablecoin market, and the still unannounced but inevitably coming "Facebook Coin" and what it means to... Banks?
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Curated & Transcribed Highlights from Let's Talk Bitcoin #392: "That's Not a Blockchain, that's a Sequence of Poor Engineering Decisions!" provided by Professor Meow
Coinbase Acquiring Neutrino
Adam B. Levine: The core of what's happened here is that Coinbase was representing that they were not selling or sharing data about people who use Coinbase, except under very specific circumstances. And it came out somewhat recently that it actually was not true and one of their service providers had been actually selling that data (as many of these service providers do). Coinbase opted to acquire a company called Neutrino. Neutrino basically allowed Coinbase to do the same type of thing through a third party, but there's some baggage that came along with Neutrino name.
Andreas Antonopoulos: This :give-and-get data" is the Devil's deal with all of the analytics firms. Basically, if you want to get a transaction scored in terms of its AML, counterterrorism and KYC score for how tainted it is by bad-y coins, you have to give these services every transaction to review and they will return a score. You give them every transaction with all the identifiers, so they can score it, so they build a surveillance database with this. I don't know why anyone is surprised that these companies whose primary business is to collect surveillance data, also sell this surveillance data to third parties.
That's the least of the problems right. Yes, they sell it to third parties. Yes, they feed it to intelligence agencies directly. Yes, they're also vulnerable to being hacked themselves, which leaks all of that data to everyone. That data is effectively public. It is a public surveillance mechanism that collects all of the information. All exchanges do this. All exchanges have to do this. And so the initial rationale of Coinbase is: if we buy a company that can do analytics for us, we won't have to give this to third parties. That's not an outlandish claim, that's a rational choice. Where things fall apart is that the team that they bought (Neutrino acquisition) is the team that has been criticized in multiple investigations of assisting horrible dictators who puts back doors into software, been involved in State-level hacking that targets dissidents in places like Saudi Arabia, all the way up to being linked to the slaughter of Jamal Khashoggi.
Privacy and Banks
Jonathan Mohan: I remember one of the prosecutors from the Southern District of New York was saying that he couldn't be more excited by Bitcoin. He saw it as email for money. The way they can crack down on criminal enterprises is because it's almost impossible to engage in a crime with a couple dozen people without an email record. And he saw Bitcoin as that future, and actors like Coinbase are very much willing to feed into that narrative. That's why I actually think that the most contentious hard fork in Bitcoin's history will be privacy and transaction obfuscation.
Adam B. Levine: If you pick a centralized exchange like Coinbase, then you just have to assume that you have no privacy within Coinbase, and further than that, beyond Coinbase. So is there a use case for decentralized exchanges, or do we need to have a different type of centralized exchange? Is there a solution to this problem?
Andreas Antonopoulos: This is a battle for privacy in the 21st century, and we're fighting this on every domain. And let's not be naive - this is how all of traditional finance works. The Patriot Act imposed obligations on banks to do full time surveillance of every financial transaction into and out of every bank account, credit card, and payment. All of that information is being funnelled directly to all intelligence agencies, working in collusion, or are backdooring each other's systems. So whenever you do a transaction on your Visa card, or your Paypal transaction, or your bank accounts, you can assume that not only are the Five Eyes agencies of Australia, New Zealand, the UK, Canada, and the United States watching, but you can assume that half of the European intelligence agencies, the Chinese, and Russians are watching that transaction too, and are all doing statistical analysis scoring. That's how traditional finance works.
We are heading towards a future where digital cash will be the only cash available, as they're trying to rapidly eradicate paper cash. At that point we have to choose between that, or a cryptocurrency that is not based on surveillance. Exchanges are only doing a subset of what is happening across the financial world. They have less visibility into crypto, which means that they can be thwarted, which means you can obfuscate and build better privacy into these systems. This is the primary differentiator for privacy coins. This is a battle for privacy in the 21st century. If we end up without privacy solutions then the only people who will have privacy are criminals.
Coinbase is a bank. They're a crypto-friendly bank, but they're a bank. Once you accept that Coinbase is a bank, you accept that means compromising your privacy. Their business model is fundamentally at odds with many cryptocurrency values. There's really two reasons for why Coinbase is so popular. One is, for people who see cryptocurrency as an investment, which in my opinion has always been the wrong way to look at this. If you're not earning cryptocurrency you're buying cryptocurrency, then you need an exchange. You don't use cryptocurrency, so you keep moving between the two economies of fiat and crypto. So that's one problem. And the other problem that we still haven't solved, and will take a while to solve, is that security in crypto is difficult. So outsourcing that's to a bank seems natural for people who don't know how to handle their own custody. We need to get a lot better at helping people do self-custody and security of their crypto themselves, so they don't have to outsource that to a company, with all the privacy problems that come with.
JPM Coin
Andreas Antonopoulos: That press release about JP Morgan coin, the amount of bull**** is astonishing, even for JPM. That's not a blockchain, that's a SQL database. You may have over-engineered it to use blockchain technology to implement a database, but that doesn't make it a blockchain, that's just a series of poor engineering decisions. You didn't need a blockchain for that. All you've done is create a less scalable, less efficient version of SQL.
"That's not a blockchain, that's a sequence of poor engineering decisions!"
This is a ridiculous thing, and we're going to see more of these emerge. The next one I think is Facebook coin. We're going to see these types of corporate coins emerge, and they're going to use words like "blockchain", but effectively what these are, is centralized, custodial counterparty risk laden, slowly inflating into shit value, pegged to the unstable debt-ridden U.S. dollar, and backed by the full faith in credit and the biggest crooks in history who run Wall Street (which isn't much faith in credit).
This is a complete waste of time. Are they competing against crypto? No. They're competing against Paypal, Venmo, and things like that. It's not a game they can compete very well in, because when Facebook launches their coin, they'll eat JPM's lunch. In terms of having reach and being able to deliver the promise of a stable-shitcoin, better than anybody else in selling out your privacy, is Facebook.
I'm not worried at all about crypto because crypto serves an entirely different purpose. It serves the purpose of independent, decentralized, censorship-resistant, borderless, world currency, that is not controlled by a single company. They cannot compete.
Jonathan Mohan: Everyone talks about Bitcoin needing its AOL moment. They forget what AOL was. AOL was the really crappy walled-garden that you got all the rubes into because they didn't know what the Internet was. Then they got just a taste of it, and realized that they wanted more. AOL collapsed because they couldn't make money doing it, and just vomited people onto the real Internet - that was the real AOL moment. The AOL moment wasn't the celebratory thing, it wasn't a great thing, it was the collapse of the pseudo-internet that dumped everyone onto mainnet. The thing I'm excited about JPM coin and Facebook coin is that we can potentially get a billion people using a really shitty substitute to Bitcoin.
Some of the articles we used in our prep for this episode
Topic 1: Coinbase Confusion
A - Coinbase acquires controversial group and tech "Neutrino" for reasons
https://bitcoinmagazine.com/articles/coinbase-bought-neutrino-because-its-old-analysis-providers-sold-user-data/
B - Backlash ensues https://cryptonews.com/news/new-twist-in-coinbase-case-raised-more-questions-about-crypt-3467.htm
C - Coinbase fires Neutrino team, keeps tech https://coingape.com/coinbase-announced-good-bye-neutrino-team/
Topic 2: With JPMCoin & FacebookCoin seemingly on the horizon, let's talk about Corp-o-Stable-Coins
A - JPM Coin, in their own words. https://www.jpmorgan.com/global/news/digital-coin-payments
B - Speculation on Facebookcoin' https://hackernoon.com/facebook-coin-a-necessary-evil-3a9ad3414abe
C - Perspectives on whether FacebookCoin would be good or bad for Bitcoin https://www.newsbtc.com/2019/03/02/dont-count-facebooks-crypto-or-jpm-coin-out-they-could-boost-bitcoin/
Thanks for listening to this episode of Let's Talk Bitcoin, content for today's show was provided by Stephanie Murphy, Jonathan Mohan, Adam B. Levine, and Andreas Antonopoulos.
This episode was edited by Adam B. Levine and featured music by Jared Rubens and General Fuzz.
Send questions or comments to [email protected]
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