There have to be cuts in this video. What is shown is almost impossible. Like sha256 collision kinda impossible. |
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I liked some of your posts and links and stuff before. I was your advocate even when others were souring on you. But looking back over the last half dozen pages you seem like you are losing it. |
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[MARKETING LIST] ways you can help increase Monero's Growth & Adoption: ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1) Video marketing (Youtube, Instagram, Facebook, Twitch etc) 2) Spread or share Monero Stickers, Posters, Pamphlets or images in letterboxes, libraries, on the streets etc 3) On your social media and gaming accounts share Monero information and make your profile picture of Monero (Youtube, Facebook, Reddit, Twitch, watsapp, Twitter, Steam etc.) 4) Stamp Monero marketing campaign ( https://stampmonero.com) 5) Wear Monero Merchandise (T-shirts, Hats etc.) 6) Attend local Monero meet-ups (or events) 7) Target Wealthy Investors by dropping pamphlets into their letterboxes https://taiga.getmonero.org/media/attachments/e/a/3/c/e176a0828743cfca00ce5d8d5ce7cd2ecde8f55b3610d1346bbde6531588/moneromeetup_kitflyer_v40_nomarks.pdf  Hey I see you on zerohedge sometimes. |
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How to get on page 21,000: Post on page 22,000.
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As far as damage, I never claimed their would be damage only that the Banks would monopolize LN and their is nothing you can do to stop them.
Your thoughts that small players are going to be the main LN hubs is what is completely ludicrous.
LN will work as originally designed with the Banks running the show.
Here you go. You dig right down to your core mistake here. You just assert as if it is self evident that if the banks run the biggest nodes they will run the show. That doesn't follow at all. In fact it is unlikely that big banks will even bother trying to run big nodes precisely because, unlike the legacy financial system, running all of the biggest nodes doesn't really give them very much power. You can't just assert that like its self evident. Lightning network doesn't work like the legacy financial system. You need to actually explain, on a mechanical level, the precise mechanism by which being big gives one the ability to "run the show". You assert that prices will be extremely low without proof, ie: showing no numbers to support your arguments my assertions are based upon the history of bitcoin and the banking system, along with the walmart effect. How many guys can mine bitcoin for $60 per month, small guys were pushed out years ago, it will be the same with LN. I guess the part where a bank could make $6 million per month charging only $.20 per transaction was over your head.  You aren't actually responding to what I said. I said that even if the network ends up dominated by big nodes that it wouldn't be clear that this would result in the big nodes "running the show" and that you would need to detail the mechanism by which big nodes get some sort of power and control over the network by virtue of being big. You responded to that by further trying to convince me that it would in fact be dominated by large nodes. This is not an appropriate response to what I said. It is as if you are talking to someone else or some sort of imaginary strawman that you made up. Either way, not very impressive. |
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ENTP
I participated in the INTP forum for a couple of days once. Pure autism . Perhaps you were looking too hard for someone to reach a final conclusion. Not going to happen with an INTP. Actually, we INTPs are the most logical type. Unfortunately, our premise is liable to change when we gather more data. I'll accept this conclusion... for now  |
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ENTP
I participated in the INTP forum for a couple of days once. Pure autism . |
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Ok ok ok then what about the rest of my comment. Ignore the stuff about bitcoin.
Chinese are a homogenous civilization with sayings like "bend like the grass" (paraphrased). In context it means conform to so and so to avoid having the govt kill you, so they're just more herd mentality in general. In America, if someone says, "hey, your neighbor is doing so and so". Well, I don't really care what my neighbor is doing. In China, they're more likely to emulate that behavior. Hence Chinese investment herd mentality. They're all either going to win or go off the cliff together. So this segues into the million dollar question. Having both an enormous population and enormous herd mentality, China should technically be capable of creating the world's most destructive economic bubble, leveling everything in it's path. On the other hand, the west has the world's most evil cult of liars, murderers, and thieves (the jews). So the big question is, which one of these two metaphorical grenades is going to be the big one that brings everything down: Chinese herd mentality or Jewish Ponzi scams. Woah. We got way off track. We were talking about whether or not the Chinese treat precious metals as a griffin good or not. I suggested that they would have an even greater propencity to do so because of their, as you put it, herd mentality. |
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They are also largely responsible for the volatility that gives bitcoin such a bad reputation.
I'm 100% certain after watching bots for hundreds of hours that the ENTIRE bitcoin price is controlled by a single entity operating on Bitfinex since the price was $200. The identity of this entity can only be one of three possibilities: 1) Chinese mining cartel/Bitmain colluding to rig price via a single market maker set of bots 2) A TBTF banking entity like Goldman Sachs 3) The ESF That is the ONLY thing that controls the price of bitcoin, one of those 3 options. It's a 100% completely rigged, non-aggregate market casino moved by a single hand. Ok ok ok then what about the rest of my comment. Ignore the stuff about bitcoin.
That was awesome. |
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This is not even true. ONLY in the west is this the case. The west became fat and happy, and thus stupid. The natural selection pressures for people to seek out and grasp any opportunity available disappeared because they always have something else to fall back on. In the east, places like China and India have been buying the silver and gold bottom. They're a bunch of slumdog millionaires with lower living standard who are more hungry to become rich, so they more actively seek out opportunity to make it happen. Silver and gold are not a griffin good in the east. It's only a griffin good in the west because it doesn't actually hit people's radar until the price goes up because they're mostly comfortable with what they already have.
Ok I buy that with regard to India. But Chinese investors have shown a propensity to look at investing purely as an exercise in chasing up already rising assets. They have blown a housing bubble that makes ours from 2007 look like child's play. They have entire ghost cities because investors continue to buy condos even though they have like a decade worth of unused inventory to be filled. They are only buying condos because the prices are rising and the only reason the market doesn't crash is because of their single minded determination to ignore any fundamental analysis in favor of apparently limitless trust in greater fools. They are also largely responsible for the volatility that gives bitcoin such a bad reputation. When ever we start to see even a small rise they pile in and send it into an unsustainable vertical spike. That is the mentality of the Chinese investor. And you are saying they are the ones that treat gold as if it is not a griffin good? Please explain what what I am missing here.
 Where is the "I'm always wrong so I give up" option? |
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That's an extreme newbie mistake. They locked silver into a long, drawn out channel to try and cap the price, then the wedge on it begin to close. It was 100% obvious the ESF Jews would attempt to force the wedge to break down off that closing wedge. There is no "which way is the wedge going to close???". The ESF is ALWAYS going to attempt to force the wedge down.
The ESF Jews have no actual skin in the game with their actions, so even if it's impossible for their artificial wedge break down to hold, they're going to try it anyway. In other words, they're just shoveling free money at you with a buying opportunity anytime they try and cause a breakdown in price when it obviously already had a strong support (plus already around cost of production anyway).
This is how all scam markets are that are rigged by Jewish money changers. In all scam markets (aka casinos that are designed for the house to try and extort people), you always see the price do something like go sideways in a straight line, then it just implodes for no reason from them forcing it to try and shake out longs, then it goes up right after the implosion for no reason. You see this shit in bitcoin every single day. It's not a real market; it's entirely a casino gulag scam, just like the paper metals markets.
The bright side is that you can avoid all the Jew scams simply by refusing to touch their paper metals markets, while in bitcoin, bitcoins don't even exist except in people's imagination, so the whole thing is going to be one eternal, paper derivatives jew scam.
Ok but what if it never ends? What if they can keep suppressing it forever? Normally that wouldn't be possible and I understand the mechanism by which it is impossible but monetary metals are a griffin good. In a normal market the demand would increase as the price falls but with a giriffin good it tends to be the case that demand falls with the price. So the more they hammer the price the less people work to hold them to account for their actions. It's the only reason they have been able to get away with this at all for as long as they have but also it isn't clear that it will ever, necessarily, end. |
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Even though the market has been completely rigged by the ESF with paper contracts that have no physical to back them up, it appears to me this chart shows that metals have already completely bottomed out sentiment-wise for the retail investor and are now beginning to bounce off that bottom:
My sentement for metals never wavered through all these long years of bear market up until very recently, as witnessed in one of my posts like a week ago. If that isn't a sign that the bottom is in I don't know what is. I hope that same rule isn't true of bitcoin or we are going to <2000 gents. |
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I just noticed the poll is outdated. I guess everyone is too depressed to care.  so much for my 9000-9500 guess  |
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As far as damage, I never claimed their would be damage only that the Banks would monopolize LN and their is nothing you can do to stop them.
Your thoughts that small players are going to be the main LN hubs is what is completely ludicrous.
LN will work as originally designed with the Banks running the show.
Here you go. You dig right down to your core mistake here. You just assert as if it is self evident that if the banks run the biggest nodes they will run the show. That doesn't follow at all. In fact it is unlikely that big banks will even bother trying to run big nodes precisely because, unlike the legacy financial system, running all of the biggest nodes doesn't really give them very much power. You can't just assert that like its self evident. Lightning network doesn't work like the legacy financial system. You need to actually explain, on a mechanical level, the precise mechanism by which being big gives one the ability to "run the show". |
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Everybody knows that's a bcash shill website. Why do you link it as if it has some sort of validity? Everyone here knows there is no reason to click on a link to bitcoin.com. |
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But was the Lightning network really designed with having the nodes earn "profit"? Did the developers not say that Lightning will have "unfairly cheap fees"?
Nodes operated at a loss would depend upon charity and altruism in the community. I think it is reasonable to assume that nodes will only be run at a profit. But I think it is also correct to expect that routing will still be extremely cheap even if it is done at a price on the margin of satisfactory levels of profitability for node operators. Essentially you are just going to be paying somewhere between one and two hundred percent of the average cost of a node to a node operator divided by the number of transactions that he forwards. That should be minuscule. Something like 1/1,000th to 1/1,000,000th of the cost of operating a server. long post A couple of mistakes in your assumptions I think. 1000 transactions a day would probably be way way under what is reasonable to expect for someone who is running nodes as a full time job. Alternatively it might be realistic for someone who is willing to, for the most part, set it and forget it. Either way you had the completely wrong take away. What you want to do is roughly calculate how many transactions a 60 dollar per month server would be able to process in a month and divide the 60 dollars per month by that number then double it or something to allow for some profit. That number would be extremely small. Also yes you are going to be able to get the lowest rates from major banking hubs obviously but that is an opt in sort of thing. You can choose not to route through jpmorgan if you wish or you can chose to save some sheckels and route through them. That is each individuals choice. This is not a centralized system. Everything about it is opt in. And finally, for reasons laboriously discussed previously, a hundred times over, the actual damage that could be done by a bank that could operate at economies of scale like you are talking about is pretty small. They can't just make their own rules because they are big like they do in the legacy financial markets. This is the big insight that detractors seem to be lacking. About the worst thing they could do is pull their liquidity in a coordinated attack but it is reasonable to expect the network to heal from this quickly and almost organically. |
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Check. Your move legacy financial system. https://youtu.be/3PzKzk_T-CkBut bitcoins too volatile, it will never supplant the financial system. HA! Just wait until normies can buy tokens that represent anything they want (such as a broad basket of commodities) and pay anyone in the world with their asset because the lightning network will be able to handle swapping over to bitcoin and back into the recipients asset of choice in real time at the moment of payment while the wallet handles all of that automatically in the background! AHAHA the world is already ours, just not yet. |
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Almost a year since rp's last post.
I heard he ran away and joined a cult. |
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You know sentiment is bad when conversation grinds to a halt in this thread. Was everyone hoping for a rocket strait to the moon ever since 6200? Seems like this kind of a pull back is exactly what one would expect even if a bull market did begin around July 13th, no?
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