Bitcoin Forum

https://pbs.twimg.com/media/Cj8KGq6UUAAw3QX.jpg:large

It looks like he's just making shit up to try and save this $1 billion dollar fugazi now.  Why he's wrong:

R0ach scrapping the bottom of the barrel now folks. Nothing to see here.

Quite logical continuation around this person.
I do not understand only one, which offers holders?

Vitalik is fortunate he's got big money behind him otherwise Ether would have already imploded.

The cockroaches may bark but the caravan moves on...
(adopted from Joseph Needham   :D  )

Cool imagine. The cockroaches may scuttle but Ethereum keeps rising.

Many comments from the peanut gallery but can anyone actually disprove what r0ach has mentioned about Proof of Stake etc...?

Lots of proof regarding PoS being garbage.  Years of proof. 

Most ppl don`t care nor understand, his explanation is logical to me, but here many are heavy invested in over pumped ethereum and will write FUD to defend their investment

Let say one group hold 51% and we must be sure they does, with 72M premined ICO, anyone else think they have no full control, the ethereum concept would not be offered to banks if its not like this

Years of proof?  or  Years of opinion?

It all comes down to which compromises you want to accept and your definition of "decentralization".

The best top devs seem to agree on this. 

demonstrate the POS in a state of compromise then :: PROOF it

You seem to be new to this forum and don't know that r0ach is just a trader who understands nothing in tech he pumps and dumps, his memory is not good enough to parrot someone's words (trying to look smart, like in his quote in the OP) without distorting the text. If you asked him to explain that statement in his own words you would get a big portion of bullshit, nothing else can be expected from r0ach.

Why is this scamming ? he is expressing his views on the POW and POS, if you don't like what he says don't support his ETH and state your views, let the people think for themselves.

so ETH will change from POW to POS ? maybe comeback to POW again ?  :-\

Decentralized means what we all think it means..
The only people bluring the lines are the ones pushing the boundary of the meaning of the term.
In other words those that are trying to shoe horn things NOT decentralized into being viewed as such.

As the guy said before you they are FUD'ing to protect their investment..
But with YOU i suspect your just a contrarian (Look it up on Wikipedia)

Roach is right and he has not been proven wrong and you all simply threw some shit out to cause a diversion
avoiding what he said (because you can not disprove he statement(s))

And i match your lame attempt at a meme here ETH losers with my own..

Vitalitik Butterin + his greedy moronic ETH shill scam ICO token minions
=
Google Image search... "Pied Piper.jpeg"

Go search for the picture yourself.... i can't be bothered doing the work for you idiots.

I win loser dregs.. gonna meme ? step up your game losers.
Know what league your in douche nozzles.

And i think his little presentation is simply his attempt to bury his way deeper
with more convoluted tech talk.. that is how he gets you douche bags to follow him around.
Ethereum has already been decimated in every way.
It was launched unfairly and manipulated by a group with a massive P&D + hype campaign.
And we all agree it was probably by the ETH team themselves..

After all how in gods name did Butterin get his hands on millions of dollars worth anyway ?
Simple read page 1 of my ETH + Scam topic i made in 2014 ..that shows you right there !
So of course it was the dev team / partners (in crime) doing it.

ICO scam.. what more do you need to know ?

Ohh yea i forgot to mention..
It's not even a currency LOL
It's a Blockchain implementation with a ICO tokens thingy mabobber tacked on.
ETH fuel tokens + D"APPS" have fuck all to do with making a new currency that will get adopted.
It's simply a scheme to produce Bitcoin profits.
Much like URO the piss coin  :D

I have no idea how or why you clowns even push on with all this pathetic ETH bullshit.
You really don't want to give up do ya losers ?

Oh and by the way..

Did Spoetnik's "FUD" put a stop to your "Used by Microsoft" campaign of fraud ?
Seems a ton of you would not shut up about that scammy lies..
And now you never hear one word of it.. or the similar IBM scam lies bit.
I put a fork in your gay ass's and ended your mouthy bullshit.
I have time stamped logs showing i predicted in advance too
that a pile of other coins would copy cat that scam angle and they did !
then..
You guys never mentioned it again around here ..complete silence.
Which is odd because..
I had pointed out 100's of pg's on Polonibox where you all lined up with your spam army with all that.
I also had caught it early on and tried to inform people but was swiftly mouthed off
and banned by the scammers who run Poloniex.
And i told those cunts word for word.. they are mad because i'm messing with their victims they groom.
(by telling them the truth about Microsoft + IBM using ETH)
I can't prove the staff there are behind any coins but i have watched them clearly
Supporting them aggressively.. for a buck $$$
The may not be the pedophile but they are watching as the kid gets diddled.
No less a crime in my books.

Anyway.. Butterin is a scammer idiot fucktard, you couldn't pay me to listen to that crack head.
Sorry "Meth" head ..you can tell by the acne and his weight.

..go buy Butterin more mETH tokens and acne cream you idiot shitcoin'ers  ::)
He still needs to dump MORE than he already admitted to LOL

ETH shitheads are pathetic losers that make me laugh  :D

I feel sorry for you my friend.
You seem in dire need for help.

Lol talk to me about monopoly after the btc halving. When two Chinese mining farms have over 51% of the  network hashrate. Ill take my chances with POS. BTC was a fucking experiment laughed at by many and it will soon be broken. POW was never going to last forever, not while being decentralized

Self moderated thread huh.  Very mature.

What a gay bastard

In case anyone didn't know who Come from Beyond is, he's a serial IPO scammer from Russia.  He started the Cambrian explosion of IPO scams with NXT, which then led to all these IPO scamcoins you see now.  They just copied what he did.  The Eastern Euros were desperate for money and realized it's not actually profitable for a developer releasing a decentralized coin because the creator has no control over the block reward.  

The scammy Eastern Euros with a relatively high amount of STEM education, and low amounts of net worth or morality, decided to start a campaign trying to convince people centralized systems in which they control the entire monetary supply are...the same thing as Bitcion, but even better!  No.  They're releasing completely centralized coins, for profit, solely in an attempt to enrich themselves at your loss in a pump and dump.  None of this crap they're releasing qualifies as a decentralized currency.

Now that the Eastern Euro criminals have been exposed, they load up every thread with sockpuppet shill accounts saying, "Don't listen to r0ach, he's a an axe murder, or rapist, or day trader!".

It's not just me, other's have figured it out too:

Quoting a guy who like you spreads bullshit to buy cheap coins and sell after a pump doesn't add credibility to your post. But I like your integrity, keep doing what you do and Oxford Dictionary will add "r0ach" as a synonym to "bullshit". This is a good way to become famous.

Nobody is "buying" your coins.  I'm not touching them.  I could care less how low they go.

Ok. Let me explain, why this is wrong with this example:

POS
One has bought 1% of the coins and getting therefore 1% of new coins and transaction fees. His stake is growing in percentage to other (smaller) accounts, if he doesn't spend any coins.

You say he is getting richer all the time and POW is different?

POW
One has bought 1% of hashing power and getting 1% of new coins + the transaction fees.
If the miner uses the whole money to buy hashing power. Guess how much much his % grows compared to the other ones? Its about the same amount as it does with POS.

The problem is NOT POS or POW. The problem is, that the richer are always getting more than others. It was like that thousand years ago and it will be like that also thousand years in the future, if we stick to money as THE central life instrument. The only way to solve that, is to remove the possibility of storing value at all or understand that its not needed.

r0ach will reply to this soon. He just needs to find a link.

Everyone but r0ach is a scammer according to r0ach.

Maybe r0ach thinks he himself as a scammer.

Does r0ach scam himself?

If you read what I typed, the idea of compound interest in "stake" systems was only a secondary problem that was in addition to the main point.

I still see no difference in monopolization with stake size or hash rate. Both will make the richer get richer by itself.
Only if you burn the transaction fees (and maybe without interest/mining reward) it may not be the case.
But this kind of system would not attract enough people to success...

@r0ach, are you trying to buy more cheap eth before the whole world of bitcoin implodes ? What are the chances of bitcoin going over ~800$, 10% ? Even if it surpasses 1k $ with alot of chinese farmer pumps ( they ll try hard to increase btc price especially after the halving since 90% of the hashrate will be controlled by them) but it simply wont hold, and the price will go back to < 600$ which will make it unprofitable to mine for half miners out there, and it will have a slow and painful death, since people will think its just temporary and it will recover.

Lots of shit-posting about the OP but he's actually right.

Vitalik is a borderline scammer with this Bullshit.

ETH is Maid 2.0

I hope it will not change to PoW too soon. If the PoW last 10 years, it will hold the value of the Etheruem better.

I am curious why you have POS in your quote. Is it not Ethereum runs under Proof of Work? I think this is the better way to go even if it's wasteful.

they plan to change from PoW to PoS, that is why people say that it is a bad idea/scam.

I prefer the efficiency of PoS, but don't understand the technical side of it, so couldn't say if it is flawed or not.

No just you..

You are the one who went and asked for 15k on a loan with no collateral.
Which is how you got your NEG rating here..

And i have a suspicion who you are too.
I been waiting for you to trip up & you will eventually.

Your dummy shill account here will be exposed at some point.

So it's funny you think you have room to talk here busted scammer scam coin Shill ROFL

PS:
ETHEREUM is an ICO scam.

Riveting...

i looked at your post history and after seeing your 3 rd comment..
I would guarantee 10000000000000000000 % you are ProfesionalGoogler

No joke i would bet anything conceivable you are one & the same.

..yet ANOTHER dummy / troll account from the scammer / shill.  ::)

How many do you have here ProGoogler ?

lol love reading these threads going to shit! :D

Pro Googler has not been back since i outed him and his dummy account.

I am pretty damn sure he has a LOT of them too.

I just can't believe the level of brat stupidity that these guys pull.
They think they can hop from account to account attacking other peoples credibility.
..while hopping from account to account LOLOLOLOL  :D

Like really ? after all this time you guy still think that crap works ?
You REALLY think people buy your crap and don't see through you ?
That tired old cliche'd ploy here is as dumb as ever.

Who do you guys think your fooling ?

My advice ?
Grow a pair instead of being spineless little chicken cowards..
Pick an account and stick with it and own up to your crap.
Enough with the hiding and throwing stones from the shadows like wimpy little pussy bitch.
..and check if you live a Glass-House too first ;)

EDIT:
Why did you all invest in ETH while back ?
You all were impressed by how many NOOB accounts were created to spam and advertise ETH here.
You all thought damn they must be pullin' one hell of a HUGE P&D ..i gotta get in on this !

The big sign to buy Ethereum was a the flood of dummy accounts created ?

Is that not sad as fuck ?

I never bought into all the eth hype on here, never bought a single eth. But i do mine eth as it is profitable and it paid for my S9 miners. Whether its price goes to shit or not wouldnt really effect me much going forward from here.

i think the ethereum price will be fail after POS started ::)

I think that could happen. None of the PoS coins are performing better than the PoW bitcoin. I wish the PoW will last much longer.

Wouldn't be surprised if they figure out PoS won't work and stay on PoW, especially after Vitalik's recent praise on the "benefits" of inflation (lol).

Vitalik is a scammer asshole who have destroyed many life.. Alot of people have comitted suicide because of Vitaliks Ethereum scheme. Not to say he is personally responsible but to still have anything to do with Ethereum after seeing how many families and lifes it has destroyed just to make a few cynics superrich.. Im disgusted!!

What the actual fuck are you smoking? Everyone who ever bought ethereum is currently in profit right now.  The price will keep rising

They can't without a hardfork. ETH network has selfdestruction in 18 months. They HAVE TO switch to pos in next 18 months otherwise they end up with a pretty bad clusterfuck. They end up with clusterfuck either way.



This makes no sense at all.

Fantastic article on Vitalik. He is quite a genius and we are all so proud that he works on the Ethereum project.

https://backchannel.com/the-uncanny-mind-that-built-ethereum-9b448dc9d14f#.jckispyvx

It makes perfect sense.  What doesnt make sense is why you feel the compulsion to spread FUD against ethereum

That insouciance is what happens when you put Millennials in control.


I have a new theory that the altcoin speculation market is largely stratified by generational differences (in addition to for example cultural differences between Europeans and Americans for example).

On one end of the spectrum, we have Millennials (Z generation) who were raised spoiled by their middle-age boomer parents, and thus have this sort of unrealistic cartoonish or "everything is  a game" (and take money from the rich like we did to our parents) outlook similar to how Vitalik described himself:


Just older than them are the Tweeners (Y generation) such as Daniel Larimer who were born in between the neglected X generation and the spoiled Z generation, thus they have a confused identity with some mix of wannabee Libertarianism like us GenXers but needing the pillow of increasing collectivism/socialism under which they were raised.

I am GenX. We were abandoned by our parents and the socialism wasn't very well developed yet in the 1970s and 1980s when we were growing up. So we had to fend for ourselves and thus are very pragmatic.


Here are more recent examples I've experienced when interfacing with these irresponsible youth:

wtf man!  :D
 
this is the most hilarious comment i ever read around here

Maybe he's back from the future?

I enjoyed this comment much :)

Can we get an encore over here ?

and minecache & stoat.. but for how long ?
tick tock the clock goes before the mass dumping goes down.
it has ALWAYS happened so why would ETH a "NOT A CURRENCY" used only for profiting be any different ?

EDIT:
You two with your NOOB ACCOUNTS you spam us all with should really go and check your Altcoin history then flap your dick holster at us.. it's hilarious these scammy new kids think they "know things"  :D

Maybe he has been shorting ETH and got rekt. lol
BTW: up to which price will you losers be claiming that Ethereum is a scam? Until ETH hits 50 USD or until it finally hits 100 USD? 

why not make it a gazillion, mate? Don't you think even more people would buy in if it was a gazillion? I certainly would!

at least ETH has a decent codebase and a team taking care of it (don't call me shill, i own no eth)
you are right in your crusade against alts but in a few cases i have to recognize the amount and quality of work (i'm a coder), what ruins 99% of currencies is not their use case but the hurry and the greed of the late crypto "investors" wave attempting to get rich quick

aside from this, just curious: i kind of remember you created an altcoin too, am i right?

Keep on shorting ETH...




Good luck!  ;)

after i see last hard dump, now i know vitalik is scamer ? he dump his DAO and ethereum ???

http://pastebin.com/aMKwQcHR

Legendary quote from PGP

"[4:21:58 AM] Philip G. Potter: fuck this coin"

"[3:43:01 AM] Vitalik Buterin: ok can you guys stop trading"

you were saying ?  HAHAHAHAHAHAHAHAHHAHAHAHAHAH


and no dumbass it is crystal clear to all i never had ANYTHING to do with making an altcoin.

i have said this 100's of times..

EDIT:
read the commentary by the shills here on the last page.. pure stupid retard babble LOL
and where are they NOW ?

HIDING !

Stupid dumb fucking sleazy douche bags ROFL

Seriously? This goes back to Turing who discovered complete recursive code is bound to produce cases of failure.
All these Block Chain Alt devs are recreating the mistakes that mathematicians and software engineers have discovered years ago. So no, the "codebase" isn't decent for ETH and will never be decent for ethereum as long as it remains turing complete and has a wide attack surface. Ethereum will remain insecure until this changes.

Recursive loops and scripts is a vulnerability and not a feature for block chain technology.

And that we all told them back in late 2013 not to do it. I personally told Charles. Vitalik invented "gas" and thought that was sufficient.

Quoting myself from 2011:

We all warned them, but these mETH heads are so out of touch with computer security they must of thought we were jealous and bluffing/fear mongering. I'm convinced that they believe we are all bitcoin Maximalists and ignore any advice we give them. They forget many of us our genuinely are interested in the technology and are fine with new test projects that are honest and not scams.