Reading my white paper a bit before I sleep and I am even impressed!
Examples:
* Proof of Non-Existence for entirely offchain transactions (absolute privacy and user customizable transactions and smart contracts of any imaginable format instantly without hard forks).
* Makes exchanges theft impossible! Goodbye the exchange theft forever.
* Probabilistic, asymptotic, unbounded participation without the pitfalls of Byzantine agreement and without PoW (nor PoS)! And with instant millisecond transactions and unbounded scaling without centralization.
I am not hyping. This design is real.
Satoshi get off my lawn son.
It sounds really cool, not gonna lie, but there is a big difference from a whitepaper to actually releasing the thing to the wild and seeing it function... then we'll see if satoshi gets to stay on your lawn. Also it will get reviewed by really smart people such as gmaxwell and the rest of the people that post here if it's really worth the time to look at. Like I said, i will remain skeptic and will give you a fair chance, but my money is on bitcoin remaining the king of crypto because some sort of problem/tradeoff will be found in your design that makes bitcoin the better option. |
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I checked this service and it seems that they don't have anything Smite related. At this moment their selection of esport titles consists of: League of Legends - LPL Spring Split League of Legends - LMS Spring Split League of Legends - LCK Spring Split Dota 2 - ESL One Genting Starcraft 2 - WESG Dota 2 - I-League CS:GO - ESEA Global Challenge CS:GO - Eleague Major Im sick of those games to be honest. I can't stand League of Legends anymore, such an overrated game. Always with the same damn map, so boring. Dota 2 is also boring, and Starcraft 2 is just not was good as the original BW... CS:GO is too slow, I miss the fast paced duel FPS games like Quake 3 and Unreal Tournament. Modern games are truly shit, im glad I stopped wasting time trying to get good to become a pro esports player. |
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Based on what it has been seen among the wide array of altcoins such as development, innovation, and security issues, what altcoins might survive in the future? In my opinion, I think that the only ones prone to survive would be good old altcoins such as Litecoin and Dogecoin, but I may be wrong. Nevertheless, I would like to know your opinion about this as well as any altcoin that might be worth holding onto for the long term.  XMR. If I had to go into a coma for 5 years and I'd expect it to be in the top 5 when I woke up. LTC and DOGE? LTC has no technical improvements over XMR and DOGE is even more of a copycat. While they might survive, I don't see them doing so any better than Feathercoin in the long run. True, but if there is a coin that has no technical improvements over BTC that can survive, then that must be LTC, since it has that "original altcoin" and "silver of crypto" aura. Also, cobble (the main dev) has said on twitter that they are pro-segwit and will start aiming for activation of segwit in LTC pretty soon, so this shows they are going to keep developing the coin for the future. |
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IMHO, Cosmic
Price is low (yobit only atm but that could easily change) and its under 1,000,000 coins total (not for long but will remain ~1mil for a long time)
What does that cosmic coin have to offer than we haven't seen a million times already? You can't expect any investor to buy a coin only because it has a relatively small supply. Sure that may be better for a quick and dump, but some of us want something that is solid and you can hold at least mid term. And even for quick pump and dumps you need something of substance unless you want to wait and see if you win the whale lottery (that is, holding some random shitcoin that gets pumped by whales out of nowhere). |
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The most important point for 2017 is SegWit activation. This is an important prerequisite for progress. Let's hope that narcissistic idiots like Roger Ver don't succeed with their evil agenda.
Provided that SegWit activates, Bitcoin's future is bright. Scaling will become possible without killing the decentralized network. The Bitconomy will continue to grow and mainstream Bitcoin awareness could see a major push in 2017 as its fiat price increases.
Im also hoping for a segwit activation... without segwit we are really getting nowhere. If it doesn't get activated, we will never get a blocksize increase to begin with, not ot mention all the amazing features that will come after it gets ativated. The good news is, it seems people that were typically against segwit are realizing it's a mistake to not be pro-segwit: https://twitter.com/brian_armstrong/status/817258015619321857 |
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I disagree and I know how to do it. Nobody knows how to do it... the genius of satoshi is one of those moments that happen every X decades. He ensambled a lot of already availible knowledge in cryptocurrency and put it all together beautifully, giving birth to bitcoin and solving the byzantine general problems in the process. Those kind of developments happen rarely. There isn't going to be better tech than bitcoin in a very long time. We will have interesting projects such as ethereum, but nothing worth lossing your BTC position over for. Long term crypto money storage is always going to be bitcoin as number 1 option. |
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Not sure why the hostility and quick judgement though.
Because you said what I wrote was "stupid"― which is hostile and quick judgement. That is a strong word to use against someone who is not stupid. What you do you think Satoshi would have done had you said he wrote something stupid? He would have roasted you, the same as he did to Daniel Larimer (the developer of Bitshares and Steem). Discussion can be cordial or violent. You decide. I have no problem with cordial debate. It doesn't mean I am infallible. I even have made some careless decisions in my life in my youth which can be characterized as stupid. But I don't think I often (if ever) have written stupid comments on serious topics on this forum. Some may totally disagree with my position (and that can often be to lack of understanding of each sides' views), but that doesn't mean it is proven that I wrote something stupid. Interesting quote by satoshi... so satoshi wanted bitcoin to be hosted by server farms instead of individual nodes? he basically wanted bitcoin to be centralized? (because centralized nodes + centralized mining... that's what you end up getting). Pretty disappointing to see. Why would satoshi claim bitcoin is p2p cash when it would depend on corporations running nodes? Thank god people like gmaxwell saw this mistake and they decided to keep the blocksize small and put a layer on top. Satoshi did a new mistake if he wanted what the idiots on /r/btc talk about all day. He was simply wrong. |
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You guys have a different taste in beauty than I do apparently. I'd get hot for something more along these lines:  Compare:  The novelty was that she was a female, libertarian, and supposedly somewhat attractive. Heck I don't care what a woman's politics are, because women typically aren't reliably/logically principled any way (they are emotionally, hypergamy, and family driven). And a few token females isn't changing the fact that Bitcoin is a male only phenomenon. Sorry I was born before the politically correct, leftist fantasies become the law of the land. Give her credit though for maximizing her income in our ecosystem. She apparently hit that geek/libertarian sweet spot for a while. Perhaps the novelty is wearing thin now. It is interesting to note how even Steem didn't manage to escape the confines of our eccentric demographics here in cryptoland. To be frank, the girl you posted is wearing tons of makeup, probably fake tan and has photoshop to make the colours stand out. Amanda B Johnson's pic is a real picture, she looks cute with long hair parted to the side and not that Sia type of hair that I saw on some recent dash video. For me that huge mouth is not at all cute. You'd have to pay me a significant amount to kiss her. The girl I selected has a small mouth and at least light colored eyes. Amanda looks like an average Eastern European girl such as Ukrainian. Note I didn't dislike or hate on Amanda. I am just pondering how she captivated the geeks. I guess I have a different taste in women. I just wasn't captivated by the novelty she brought for more than about 15 minutes. It is interesting to me from a marketing perspective, which I think is kind of the point of this thread if you think about it from a generative essence angle. This tan, 34/35D boobs, and vagina tighter than a vice grip isn't fake (actually it is too small for me, but will probably be okay after a child). She hides from the sun, because 2 hours in noon sun and she will be black. But what I admire about her most is she isn't a confused woman and she really appreciates the simple things. Her core human values are mostly very compatible to mine. I discuss it more below...      I am interested in this concept about we enslave ourselves when we enslave others. But I just don't see a consistent truth. For example, every women I have ever been in a relationship has tried to enslave me to some degree. So should my reaction want to be to enslave women, i.e. adopt some "fundamentalist" faith which views the woman as the rib of the man. But what is the alternative? An open relationship? Btw, I think my current relationship is one of the best so far, because she doesn't push me too much (her wants are reasonable, such as family and lots of love which I think is totally beautiful qualities of a female and I feel almost a duty to give her what she wants so she can fulfill her life and be happy and I think that is what love is when you realize you appreciate the other person and want them to fulfill their opportunity costs).
I need to do more thinking and reflection on this.
Is that you and your gf? she looks cute and definitely nice boobs, but my taste in women is eastern european inclined (not sure if this amanda girl is estern euro as you guys talking about), I think they are the most beautiful in the world. http://latelunchblog.files.wordpress.com/2011/10/3682_joanna_krupa_photo_4.jpegnothing can top this... I wish I could have girls like this but im not rich or goodlooking so my chances are slim  Maybe when bitcoin goes to 10k... but if it takes too long I'll be too old. In 10 years i'll still be "young" but if it takes longer im done. Maybe your famous bitcoin killer can make me rich overnight  |
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@thejaytiesto. What head movement? Ronda Rousey's trainer is now exposed as a nobody in the world of MMA or the world of boxing. The only fighter he trained is Ronda and he has been feeding her the wrong ideas. It showed with how she fights. There are big holes in her game that needs to be fixed. It is time for her to join a real training camp if she intends to continue fighting.
Well one would expect that if you are the "Baddest woman in the world" and you are making all those millions, she would be bright enough to get a good trainer. But is this trainer new? what about the 12 wins? if she won the 12 wins with the same guy then why are all those people criticizing the trainer? Also how did exactly this guy got exposed? Anyway I think she still could fight again, make that change in the coach if needed and let's see what happens, I think shes done but we'll see. |
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I don't think so : an altcoin, whatever his technology may be will never defeat Bitcoin, because to elect the best crypto-currency, we look at how many people use it. No altcoin will ever surpass Bitcoin because the average people absolutely don't care about the internal problems, and I do not see any internal problem as of today. The branding is whatever matters the most, and good luck defeating Bitcoin's branding ! Most of the people that know some economical things knew about Bitcoin, but absolutely none about things like Ethereum or Litecoin. Good luck releasing something that beats Bitcoin on all the points, which is basically impossible if you conduct an IPO or an ICO.
I disagree. If someone comes up with an actual solution that delivers the same levels of army grade encryption and protection against quantum attacks like bitcoin does now, while being able to send fast onchain transactions for cheap at visa level volumes... that would be something a lot of people if not everyone involved in BTC would buy at. BTC will always have the first mover advantage, no coin can survive as long as BTC because it was the first, but if at least on paper, a coin solves BTC problems, its going to get a lot of money, if in practice it works its yet to be seen. Thing is, I doubt a bitcoin killer actually exists, but i will remain skeptical. |
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Proof-of-work coins such as Bitcoin, Monero, and Zcash will lose all their security in the coming crisis, because miners won't be able to exchange BTC for fiat to pay their electricity.
Considering how stupid that statement is, I highly doubt the answer is yes. I was referring to Jim Rickards' prediction that the elite will shut down the financial system for a period of time. I am saying that if that period of time is of sufficient duration that BTC can't be exchanged for fiat to pay for electricity, then mining farms have to shut down. If the world is in such a chaos that the entire world financial system can be shut down and no one can move any fiat for some period of time, then proof-of-work miners can also be affected because they have bills to pay. Whereas, a proof-of-stake system would not be so affected because it doesn't require consumption of an external resource. We might argue that such chaos would also shut down the entire Internet, but I tend to think the Internet is much more global, resilient and diverse than a few mining farms in China. So please enlighten us as to which of us is stupid? bathrobehero, are you challenging me to an intellectual contest? Do you really think you can challenge me intellectually? So your coin will use PoS? But Proof of stake has been already discarded as safe, it has many exploitable angles such as the nothing on stake problem, it will just never be as solid as having a network of computers that is the biggest in the world backing it vs people holding coins... how do you pretend to compete with bitcoin with a PoS system? PoS coins already exist and nobody cares, they are just another altcoin, so how do you pretend to make your project just not another altcoin? Also if financial chaos ensues, I doubt people is going to bother paying for electricity or for anything at all. |
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Take a look at the all time graph at the maxed out 1-week increments... the angle of the 2013 rise was literally a perfect 90 degree angle! It was insanity. Not to mention the technology was way less mature than it is to day, and not to mention that in 2013 MTGox was the only damn exchange on earth!  We may not see a big correction, shorters and panic buyers beware. We already saw people going broke when it didn't correct at 1k... this rocket may not even take a break for the ATH! |
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Edit: 17/03/2019 Thread closed because of iamnotback's request. He has had to quit developing due health problems. I hope he takes a long vacation and gets better and comes back someday or at least still posts some altcoin critique and bitcoin/economics articles from time to time, they are valued. For now this is it and im closing the thread. In the Econ. Total. thread I mention a little about The Road to Ruin, the brand-new book by Jim Rickards. I just started. I will have lots more to write about it as I explore his ideas.
Of interest is that many of his ideas, so far anyway, parallel Armstrong's ideas.
He is saying that ~2018ish when the defaults go bezerk, the central banks will be trapped, and the global elite will close the financial system, so that the elites can buy up all the distressed corporations and assets, before they reopen the financial system. Hard assets will preserve wealth long-term but they won't be liquid during that period: https://bitcointalk.org/index.php?topic=1665943.msg16749910#msg16749910THAT would be the acid-test of a new crypto: whether the black market guys would accept it.
I disagree. I am not here in crypto-land to create black markets. I am here to create a mainstream market of billions of people using crypto-currency. For liquidity, you are going to need crypto-currency. And that is why you need crypto-currency with billions of users for massive liquidity. Bitcoin isn't going to get us there fast enough. That is why I will release the "Bitcoin killer" early 2017.Proof-of-work coins such as Bitcoin, Monero, and Zcash will lose all their security in the coming crisis, because miners won't be able to exchange BTC for fiat to pay their electricity.
As we know, bitcoin has the problem of making us choose between 1) A network that has conservative blocks in order to stay decentralized (so nodes can be run by common folk instead of big pockets, corporations and whatnot, which would be fatal for the network) + a secondary layer on top like LN to facilitate fast velocity, cheap transactions then wrapping them up on the decentralized network, but making on-chain transactions expensive and slow for those that want to use it. (This is the best we have now) 2) A network with big blocks, that is centralized at its core, since the blocks are too big for common folk to host nodes = centralization of nodes spiral begins and it ends up as centralized as mining is nowadays. Option number 2 is out of the question, which is why Bitcoin XT, Bitcoin Unlimited etc have been failures that get next to no support. Bitcoin Core with conservative blocksize increases (devs and all experts say they its best to increase the blocksize after segwit so we will get 2MB after segwit) + LN is the best we got. All other methods have been proven to be smoke and mirrors. Unrealistic and deceiving solutions. Now we have this "iamnotback" guy that has been saying to be sitting under a solution that would allow for fast, cheap, onchain and big volume transactions while delivering bitcoin tier security all within the same package. I personally don't believe it, since he would be sitting under a goldmine, and we all would be rich by investing like 10 bucks. Im sure that if he really releases a whitepaper, experts will find out flaws, there will be some sort of tradeoff and we will still be left with the option 1) as the best we have and Bitcoin will remain king, but the guy seems smart and im not a coder so i'll wait to see what happens, I will give him a fair chance. So what do you think? is this guy trolling us? he has delusions of grandeur? or he is a true genius that will make us all rich? |
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Wow the 4000 euro one looks really nice. It includes all the furniture? Looks small but a really comfortable place to live. Then again, as the other poster pointed out... where is the trick? There must be one. Really convective neighborhood? Is that place in the middle of nowhere? really low building? Low possibilities to rent it? (people don't want to live there for some reason?) I don't know anything about Estonia so im not going to risk buying real state in a country I know nothing about. It might be a very unstable country for all I know. Are they at the verge of some war? shaky geopolitical situation?... so many variables to consider. |
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I was doing some research trying to find the earliest mentions of "electronic cash" and stumbled upon this book: http://www.bookmetrix.com/detail/book/e47e88b1-b5b6-4069-9235-5fa95b1dc79a#citationsThe mentions include the papers by Tatsuaki Okamoto Kazuo Ohta NTT LaboratoricsNippon Telegraph and Telephone Corporation Kanagawa-ken Japan Satoshi was supposedly japanese... what do you think? Too far fetched? Im pretty sure whoever Satoshi was took a look this book for inspiration. |
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What would you do if armed men arrived at your house, demanding money under threat of kidnapping you, or the threat of simply stealing the amount of money they would like?
Government has the monopoly on force... there's nothing you can do if they come and demand explainations as to where the money that you used to buy the real state came from. What would you do? When you want to purchase a home, you need to pay the welcome tax, the notary and all the feed that come with it. The best should simply convert the bitcoins you have into fiat and pay the tax associated with that income. Then pay a cash down into your house and borrow the rest with your bank. If you are rich, you could buy it cash with your bitcoins  Like I said before im not rich, and even if I was rich, it would be impossible to get not even $100k in cash, nobody in Localbitcoins is going to meet for such a big amount, it's just crazy, and a penthouse is usually half a million, it's just not going to happen. There's no way out other than converting your bitcoins to fiat and paying taxes. put the deed in the name of a trust.
make sure you are not the beneficiary of the trust. but another trust is the beneficiary.
you then set yourself up as just an administrator of both trusts and take a fee for services rendered from the trust.
oh and make sure the bank accounts are set up under a foundation too. that way the fiat can flow without it evaporating. and because the funds dont legally belong to you no one will knock at your door
its how the fat cats get away with not paying tax.
To be honest I have no idea how any of that works. How are you going to open a foundation out of nowhere? and you mean a trust fund? I wish I could understand all that economy jargon... honestly I would be scared to do that, im sure they can end up finding out you are fucking with them. |
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Monero seems like one of the few altcoins that isn't gettin completely destroyed by the rise of the great king bitcoin, grandpa of all coins. Seems like Monero managed to stay on the green numbers or have small red numbers a couple of days... the problem is... all of Monero's trading is happening in Poloniex. Sure other trading happens in other exchanges, but we are talking about 95% aproximate trading happening in Poloniex.
In case Poloniex goes MtGox... well we know what happened in 2013 when MtGox was the only exchange.
Well? This and the scaling problem (I have my doubts about how Monero is going to scale) don't convince me to take a serious long term investment in the coin. Will it have a Lightning Network solution? it will keep scaling all onchain? and when we can expect more exchanges? 95% on a single exchange is a big point of failure.
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It is often argued how bitcoin cannot be taxed because it would be an insane task for the IRS to trace back every single transaction accurately to the people that own those bitcoins. It's just imply not possible, and in the future as Confidential Transactions, Schnorr Signatures, Mimblewimble etc get activated thanks to segwit (once we defeat the government-paid anti-segwit trolls) it will be pretty much a waste of time.
But implying that you are excempt of tax just because of that is in my book delusional. If you want to buy land with bitcoin, you cannot escape taxes, not even a car.
My question is, how would you go about it? I have a very modest amount of BTC so I wish I had those problems, but im just wondering, if you had enough BTC to buy a nice penthouse, how would you go about it? I don't see any other way out but to calculate how much the penthouse costs + taxes and cash out the BTC in some exchange (since localbitcoins is not going to have enough volume to do that, and even if you did it throught localbitcoins, it would need to be in real life in exchange of cash, and you't but real state with cash, maybe you can get away with a car, but not real state or land, and physical cash will not even exist in the future.
Anyway, my point is, you can't escape the government when it comes to important purchases.
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Well shit that was quick... im glad I didn't bet for Ronda Rousey, she got destroyed by Amanda Nunes. She was acting very strange, it was just not there, where was the head movement? she was walking straight into Amanda Nunes punches. She should have had a relaxed first round to be acclimated to being inside the octacon after 1+ year... but I think she was overconfident and went for the takedown too quick. I think her career is over.
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It depends on how these capital controls would influence Bitcoin transactions too. If they regulate fiat to Bitcoin and limit the amounts that can be bought and sold on exchanges, then Bitcoin would not benefit from these changes in the policy. This will in turn force people to buy bitcoins via Black markets and not through regulated exchanges. So it all depends on how the capital controls would be enforced. ^hmmmmm^
it is a matter of time, China will end up banning bitcoin so we must be ready for that day. We must make bitcoin as decentralized as possible (that means supporting Core and segwit) and we must hurry up with the LN and sidechain to guarantee maximun privacy and transaction volumes. Our hope will be in the black market. Again, only a matter of time until China bans it, they are not going to sit back and see how their money goes away. |
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