Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: digitalindustry on July 05, 2014, 09:34:13 PM



Title: Scam paradox thoery = come learn and have a laugh.
Post by: digitalindustry on July 05, 2014, 09:34:13 PM
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I'm jut hashing this out now so will refine it as i go but it is generally defined as :

The larger the proportional % of scam, is directly related to the lower % of real market participants.


so to explain that :


 - If say NXT Po$ mined 95% of all their units, then bid it up to a certain price.

-  now the 5% that got a free ride may sell out leaving them holding something the they totally 100% own.

-  this presents a paradox, because the "valuation" is high they will never have real market participants, because anyone that would invest a significant % of capital would look at all the market information.

-  and as the information in the available market knows they are a scam, if the price drops they will not have the "market cap" vector or "valuation" which is the only two vectors the scam is built on.


so its a hilarious paradox.


Title: Re: Scam paradox thoery = come learn and have a laugh.
Post by: digitalindustry on July 05, 2014, 09:39:41 PM
* to a degree Bitcoin price manipulation suffers the same problem - i'm not saying Bitcoin is a scam, but i think the price could stagnate for a long time for this reason.


Title: Re: Scam paradox thoery = come learn and have a laugh.
Post by: digitalindustry on July 05, 2014, 09:48:50 PM
go back to your cave ok ?

soon enough i will, and let you little monkeys play here again.


Title: Re: Scam paradox thoery = come learn and have a laugh.
Post by: EvilDave on July 05, 2014, 10:09:39 PM
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I'm jut hashing this out now so will refine it as i go but it is generally defined as :

The larger the proportional % of scam, is directly related to the lower % of real market participants.


so to explain that :


 - If say NXT Po$ mined 95% of all their units, then bid it up to a certain price.

-  now the 5% that got a free ride may sell out leaving them holding something the they totally 100% own.

-  this presents a paradox, because the "valuation" is high they will never have real market participants, because anyone that would invest a significant % of capital would look at all the market information.

-  and as the information in the available market knows they are a scam, if the price drops they will not have the "market cap" vector or "valuation" which is the only two vectors the scam is built on.


so its a hilarious paradox.

Its a hilarious paradox that even after having shit explained to you over and over again, you still seem to think that NXT has something to do with a Proof of Work premine.
Bagful of spanners is the phrase that springs to mind.