And you didn't say my dog ran to the door and ran back and ran to door gain thus meaning he will break down the door and catapult outside. We can see patterns in anything, even clouds. That doesn't make them meaningful.

Ethereum is delusional crap that doesn't work and there will be no utility to sustain it.

Bitcoin has utility. I've never invested in Bitcoin, but I have used it quite much.

Do Vitalik and Vlad "work"? Is delusional meandering work?

This is an example of what I was writing about upthread where I said externalities destroy the Nash equilibrium and create a Prisoner's dilemma for validators when there is sharding.

I am not going to write down the complete explanation. Just think about it.

(And remember from upthread that sharding is flawed for another more ubiquitous reason, which is the gas can't be sharded without destroying decentralized consensus)

Accessing the blocking entropy pool has issues as well.

Doing anything expecting random numbers and not knowing what you are doing is going to result in failure.


That is one of the corner cases. Now Linux I believes saves entropy between reboots. I don't remember all the issues. I would need to read up on it again. Afair one of the issues is we can't know the quality of the entropy in the blocking pool and we can't know if it has perfect forward security.

An adequate entropy pool can be obtain from the user's mouse movements.

The problem is with the operating system's entropy pool and the API for accessing it. Avoid it entirely if you want to be very sure.

SEC sent out a warning in January 2016. Hope the pumpers are preparing for their jail time:

Simple.

The entropy for the seed would come from the proof-of-work hash that wins the block. All other validators would respect this entropy.


It is not out-of-the question. The randomness of a number is determined by the source of the entropy. Proof-of-work has a high entropy.


The primary reason that smart contracts are basically useless, is because a block chain can't form a consensus about anything external, except for signatures transactions that are authorized by public key cryptography to modify block chain state. Block chains can only form a consensus about block chain state transformations with the clock period being blocks and the longest chain rule.

If it were possible to introduce state into the block chain that could not be objectively verified by all validators, then the Nash equilibrium is lost, a Prisoner's Dilemma is created, and consensus is no longer convergent.

Augur is an example of attempting to form consensus about external state (the outcomes of prediction markets) by employing reputation of participants. Essentially they attempt to build a new consensus system on top of Ethereum's block chain consensus. But the problem is those two consensus systems can not be orthogonal, because validators of Ethereum have to be able to agree on the objective state on the block chain of Augur data. Notwithstanding that the Byzantine Generals Problem can't be solved with reputation and propagation, due to Sybil attacks.

Everything Ethereum is a delirium. Delusional just like Vitalik staring off into blank space when he speaks.

ftfy

PoW is superior, but even more superior if it is being mined by the users and not by those who (HODL or) dump their coins to those few in the powerlaw distribution of wealthy who want to stack (HODL) coins.

The only valid role of crypto currency is not as a "better gold" (such a concept is oxymoronic, because gold is as evil as fiat ... ask me to teach you!) but not as a store-of-value rather as a more degrees-of-freedom unit-of-exchange.

Quantity of stored wealth is not the point of the Knowledge Age. The point is the degrees-of-freedom in the velocity of money.

You all are barking up the wrong tree.

I will teach you how it is done.

This doesn't apply to my coin under development, because I eliminate mining-for-profit, but I don't eliminate mining. Every user mines. Nevermind that monsterer and others do not understand yet why this is secure.

In intend to turn ASIC miners into door stops.


A real programmer with million end user software experience can do it. These crypto nerds (e.g. Bitcoin Core devs) and 20-year olds with no such experience, obviously can not accomplish it.


No in my case it would mean the widespread mass adoption has been achieved and nothing else can then challenge it.

Unfortunately for Bitcoin and the other altcoins, I suddenly got healthy due to a miraculous multi-herbal boiled leaves tea named "Pito-Pito" by JC Herbal Products in Bukidnon. Any one with any kind of disease, this is what you need. Looks and tastes like Robitussin cough syrup.


The solution is to make mining not profitable, but retain mining and expand it to all users of the coin. Couple this with a microtransaction design and widespread use case on a popular social network designed specifically for this purpose, so there is enough mining hashrate to render botnets ineffective.


Lack of scaling is a form of terminal failure. As it devolves into centralization, the vested interests strangle it.

I need to get back to work.

This forum has turned into a pile of nonsense from a few trolls pumping ETH shit from numerous Newbie and purchased accounts. The mod does nothing to stop this Sybil attack on the forum, thus rendering the forum entirely useless for serious people such as myself.

Bye mprep!

Thanks Fuseleer. I've lost desire to explain more, because the trolls just start new threads that ignore what was already explained in the Ethereum Paradox thread, wherein I had explained it the first time.

Your explanation is very clear.

I am trying to be a developer of a social network, not of a ticker symbol.

You know something the masses are interested in, not a circle jerk of fools playing greater fool fistfucking with each other while violating SEC regulations and setting themselves up for future jail time.

You have 0.5 BTC invested and you think your opinion is worth anything there  

Unless you have more than lunch money invested, you have no risk thus you have no need to be cautious.

The illusion of the dip which is actually a crash enveloping as you described, even has you fooled.

There aren't many pumpers. There is stoat posting from numerous accounts he purchased. Minecache is stoat.

Then there are the rest of you, who hanging on for it to go higher before you sell. Which is exactly the top of a bubble when you all can't buy any more because you are all-in.

There won't be new millionaires announced and a long drawn out bubble as for Bitcoin in 2013 (there isn't that much money being actually injected, rather just insiders buying from themselves). This will be a short-lived pump because it has no fundamental support. Just a bunch idiots calmly thinking they won't be the last man out the door, when 1000 to 10,000 speculators fight their way through one exit.

I suppose the upcoming implosion of ETH will clean out the altcoin sector, because very few will have the remaining money and nerve to buy any risky altcoins. And yeah I know ETH isn't risky at all.  


You have 0.5 BTC invested and you think your opinion is worth anything there  

Unless you have more than lunch money invested, you have no risk thus you have no need to be cautious.