Bitshare's Daniel's father Stan: We just dropped transfer and market fees to negligible and shareholders will soon get free transactions proportional to their stake.
So "we" are in control and not the market. Centralization always leads to failure. |
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We just dropped transfer and market fees to negligible and shareholders will soon get free transactions proportional to their stake.
So "we" are in control and not the market. Centralization always leads to failure. |
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I'm long term
What if there is no long-term: Seems quite plausible that Bitcoin will implode this coming March 13/14 or shortly thereafter, and when Bitcoin gets a flu, the altcoins go no bid and collapse. Still, the digital currency experienced sharp gyrations this week amid news that the network was exceeding its capacity for transactions, a development that resulted in users paying sometimes substantially higher fees.
Bear in mind this revelation (click the link in the quote below) which I had predicted as well was the motivation for 51% attack of the Chinese mining cartel which blocked any block size increase: |
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Click the link and read my posts, all my replies were already written for you.
You'll find last my month my posts criticizing the designs of decentralized file storage systems such as MaidSafe, Storj, Sia, etc.. and my proposal of how to fix them so they respect intellectual property rights.
Stealing from each other is what Socialism taught us.
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Seems quite plausible that Bitcoin will implode this coming March 13/14 or shortly thereafter, and when Bitcoin gets a flu, the altcoins go no bid and collapse. Still, the digital currency experienced sharp gyrations this week amid news that the network was exceeding its capacity for transactions, a development that resulted in users paying sometimes substantially higher fees.
Bear in mind this revelation (click the link in the quote below) which I had predicted as well was the motivation for 51% attack of the Chinese mining cartel which blocked any block size increase: |
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Seems quite plausible that Bitcoin will implode this coming March 13/14 or shortly thereafter, and when Bitcoin gets a flu, the altcoins go no bid and collapse. Still, the digital currency experienced sharp gyrations this week amid news that the network was exceeding its capacity for transactions, a development that resulted in users paying sometimes substantially higher fees.
Bear in mind this revelation (click the link in the quote below) which I had predicted as well was the motivation for 51% attack of the Chinese mining cartel which blocked any block size increase: |
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An ongoing court case centering on encryption has thrown light upon the total incompetence
of those in power. And this is not just about the USA and its legal system, it calls into
question the fitness for purpose of every government currently in place.
First, understand that without privacy, there can be no private property...
Now you understand why MA says we may descend into a 600 year Dark Age, if we don't find some way to overthrow the current political structure. I don't mean to be rude but what would be a better political structure than the one we currently have? I know there are multiple forms that are better, but which ones specifically would be actually viable in a real-world scenario? You could argue that anarchy, in the without rulers sense, would be good, but at the same time it would hold back technological progress. The solution is to minimize the size of government, no matter what form politics takes. I believe the key to doing that lies in a technological solution that will empower the Knowledge Age. The government can't muck with taxing microtransactions, for then they would tax everyone, not just the middle class. The current political structure is sustained by stealing from the middle class to subsidize the unproductive class, and pile on debt since real estate is the primary driver of the economy (and incomes). We need to make high tech work the primary driver of the economy and end the fixed capital investment Industrial Age. The person who invents this technology will be a $100 billionaire and eclipse Bill Gates et al. Read my latest posts in the Economic Devastation thread. Click the link and read my posts, all my replies were already written for you.
You'll find last my month my posts criticizing the designs of decentralized file storage systems such as MaidSafe, Storj, Sia, etc.. and my proposal of how to fix them so they respect intellectual property rights.
Stealing from each other is what Socialism taught us.
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An ongoing court case centering on encryption has thrown light upon the total incompetence
of those in power. And this is not just about the USA and its legal system, it calls into
question the fitness for purpose of every government currently in place.
First, understand that without privacy, there can be no private property...
Now you understand why MA says we may descend into a 600 year Dark Age, if we don't find some way to overthrow the current political structure. I don't mean to be rude but what would be a better political structure than the one we currently have? I know there are multiple forms that are better, but which ones specifically would be actually viable in a real-world scenario? You could argue that anarchy, in the without rulers sense, would be good, but at the same time it would hold back technological progress. The solution is to minimize the size of government, no matter what form politics takes. I believe the key to doing that lies in a technological solution that will empower the Knowledge Age. The government can't muck with taxing microtransactions, for then they would tax everyone, not just the middle class. The current political structure is sustained by stealing from the middle class to subsidize the unproductive class, and pile on debt since real estate is the primary driver of the economy (and incomes). We need to make high tech work the primary driver of the economy and end the fixed capital investment Industrial Age. The person who invents this technology will be a $100 billionaire and eclipse Bill Gates et al. Read my latest posts in the Economic Devastation thread. |
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An ongoing court case centering on encryption has thrown light upon the total incompetence
of those in power. And this is not just about the USA and its legal system, it calls into
question the fitness for purpose of every government currently in place.
First, understand that without privacy, there can be no private property...
Now you understand why MA says we may descend into a 600 year Dark Age, if we don't find some way to overthrow the current political structure. I don't mean to be rude but what would be a better political structure than the one we currently have? I know there are multiple forms that are better, but which ones specifically would be actually viable in a real-world scenario? You could argue that anarchy, in the without rulers sense, would be good, but at the same time it would hold back technological progress. The solution is to minimize the size of government, no matter what form politics takes. I believe the key to doing that lies in a technological solution that will empower the Knowledge Age. The government can't muck with taxing microtransactions, for then they would tax everyone, not just the middle class. The current political structure is sustained by stealing from the middle class to subsidize the unproductive class, and pile on debt since real estate is the primary driver of the economy (and incomes). We need to make high tech work the primary driver of the economy and end the fixed capital investment Industrial Age. The person who invents this technology will be a $100 billionaire and eclipse Bill Gates et al. Read my latest posts in the Economic Devastation thread. |
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Sometimes we need to be reminded what top-down control does:China’s Deserts Expanding
According to statistics released by the State Forestry Administration, China has 2.6 million square km of desert that accounts for 27 percent of the country’s total land area. The desert areas are scattered among 12 provincial-level regions in north China. There is a serious problem on the horizon for China. Following the creation of the People’s Republic of China (PRC) in 1949, the Communist State attempted to alter nature. China’s forests were cut down and used for fuel, lumber, and paper production for the billions of little red books that became rather notorious. This process increased during the 1960s and had the tendency to eliminate both forests and grasslands. This led to a sharp rise in the rate of desertification.
Realizing its mistake, the government saw the desert areas expanding and embarked on an effort to reverse the damage by trying to the create a reforestation effort in 1978. They actually planted 66 billion trees. This became known as the “Green Wall of China,” which was to be completed by 2050.
However, while the intentions were good, the bottom-line result has been devastating. The government introduced fast-growing pine and poplar trees that were not native to the region. These trees needed more water and sucked the region dry. The water table in the soil dropped nearly 10 fold and most of the trees died. Only about 15% of the trees planted since 1949 have survived. Their attempt to reverse the trend had the exact opposite impact. Instead of creating a forest, it expanded the desert. China now has the second largest desert in the world – the Taklimakan desert.
This presents a political risk for the future as China is squeezed by the expanding desert.
Other threads are noticing this effect:What caused Bitshares to lose it's shine?
I've not heard much about that project lately?
Was very popular not long ago?
To everyone converting BTC to ETHRead a little about history of NXT, while jumping ship to ETH as a store of value. Compare the following two graphs... a. http://coinmarketcap.com/currencies/ethereum/#chartsb. http://coinmarketcap.com/currencies/nxt/#chartsCompare the following facts... i. NXT was backed by a centralized organization, just like ETH. ii. NXT was PoS, just like ETH will ultimately be. iii. NXT offered asset exchange, while ETH offers smart contract. Both of these functionality, which they claim to make them unique, are actually possible on bitcoin blockchain, which is far more secure. iv. With price rise, NXT backers sold their holding to increase liquidity in the market. With price rise, ETH backers are increasing ETH supply in the market to increase liquidity in the market. p.s. Alt coin trading is a gambling. If u wanna test your luck on some coin under pump, its fine. But, make sure to come back to BTC, when u have made enough, otherwise u'll lose all and have to be a mute spectator while the next alt wave hits. GooD Luck  Re: Proof that Proof of Stake is either extremely vulnerable or totally centralisedmax reorg depth in NXT is 720 blocks
[Proof-of-stake] Checkpoints are centralization.For a centralized coin, then anything works, you don't even need PoS nor PoW (except to fool people with).
If we don't have decentralization, then the entire plot has been lost. Do you need an example? Here you go (remember the Chinese mining cartel allegedly controls 65% of the Bitcoin hashrate): https://www.reddit.com/r/btc/comments/48nnaw/the_truth_comes_out_core_devs_have_convinced/
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An ongoing court case centering on encryption has thrown light upon the total incompetence
of those in power. And this is not just about the USA and its legal system, it calls into
question the fitness for purpose of every government currently in place.
First, understand that without privacy, there can be no private property...
Now you understand why MA says we may descend into a 600 year Dark Age, if we don't find some way to overthrow the current political structure.
Sometimes we need to be reminded what top-down control does:China’s Deserts Expanding
According to statistics released by the State Forestry Administration, China has 2.6 million square km of desert that accounts for 27 percent of the country’s total land area. The desert areas are scattered among 12 provincial-level regions in north China. There is a serious problem on the horizon for China. Following the creation of the People’s Republic of China (PRC) in 1949, the Communist State attempted to alter nature. China’s forests were cut down and used for fuel, lumber, and paper production for the billions of little red books that became rather notorious. This process increased during the 1960s and had the tendency to eliminate both forests and grasslands. This led to a sharp rise in the rate of desertification.
Realizing its mistake, the government saw the desert areas expanding and embarked on an effort to reverse the damage by trying to the create a reforestation effort in 1978. They actually planted 66 billion trees. This became known as the “Green Wall of China,” which was to be completed by 2050.
However, while the intentions were good, the bottom-line result has been devastating. The government introduced fast-growing pine and poplar trees that were not native to the region. These trees needed more water and sucked the region dry. The water table in the soil dropped nearly 10 fold and most of the trees died. Only about 15% of the trees planted since 1949 have survived. Their attempt to reverse the trend had the exact opposite impact. Instead of creating a forest, it expanded the desert. China now has the second largest desert in the world – the Taklimakan desert.
This presents a political risk for the future as China is squeezed by the expanding desert.
Other threads are noticing this effect:What caused Bitshares to lose it's shine?
I've not heard much about that project lately?
Was very popular not long ago?
To everyone converting BTC to ETHRead a little about history of NXT, while jumping ship to ETH as a store of value. Compare the following two graphs... a. http://coinmarketcap.com/currencies/ethereum/#chartsb. http://coinmarketcap.com/currencies/nxt/#chartsCompare the following facts... i. NXT was backed by a centralized organization, just like ETH. ii. NXT was PoS, just like ETH will ultimately be. iii. NXT offered asset exchange, while ETH offers smart contract. Both of these functionality, which they claim to make them unique, are actually possible on bitcoin blockchain, which is far more secure. iv. With price rise, NXT backers sold their holding to increase liquidity in the market. With price rise, ETH backers are increasing ETH supply in the market to increase liquidity in the market. p.s. Alt coin trading is a gambling. If u wanna test your luck on some coin under pump, its fine. But, make sure to come back to BTC, when u have made enough, otherwise u'll lose all and have to be a mute spectator while the next alt wave hits. GooD Luck Re: Proof that Proof of Stake is either extremely vulnerable or totally centralisedmax reorg depth in NXT is 720 blocks
[Proof-of-stake] Checkpoints are centralization.For a centralized coin, then anything works, you don't even need PoS nor PoW (except to fool people with).
If we don't have decentralization, then the entire plot has been lost. Do you need an example? Here you go (remember the Chinese mining cartel allegedly controls 65% of the Bitcoin hashrate): https://www.reddit.com/r/btc/comments/48nnaw/the_truth_comes_out_core_devs_have_convinced/ |
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OP, there is no such coin. They are all lying to you. I have refuted all of them and none of them have a technological rebuttal. If you are looking for a proof of work alternative to Bitcoin that does not have the blocksize issue take a look at Monero. Monero has an adaptive blocksize and a tail emission. This avoids the entire Bitcoin blocksize debate.
Edit: Before buying anything please do your own research first.
Why do you continue to repeat this lie, when I refuted you. I expect you Monero guys to have higher ethics than this, if you want my support. |
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The error is here on slides 11 & 12: https://docs.google.com/presentation/d/1CjD0W4l4-CwHKUvfF5Vlps76fKLEC6pIwu1a_kC_YRQ/edit?pref=2&pli=1#slide=id.gd284b9333_0_39As I predicted: When will the design details of the new PoS system be shared so we know how they plan to scale?
The plans are sufficiently shared already in the numerous presentations and YouTube videos. I know the limits of the range of choices they can possibly choose from. So I know they are stuck up river without a paddle. They will eventually realize this, and then either they will try to shoehorn some crap that creates a Prisoner's Dilemma and breaks Nash equilibrium ( such as "transaction receipts") and/or [...] Again a receipt instead of every validator validating breaks the Nash equilibrium and creates a Prisoner's Dilemma: I will repeat again for the 10th time in this thread. Every validator must be able to validate the entire history of the lineage of transactions for the shard that validator is responsible for. Otherwise that validator can't be sure it is not going to lose its funds (i.e. electricity for PoW or deposit for the proposed consensus-by-betting) because it approved an invalid transaction due to some lie in the history as trusted but not validated. Combine this with the impossibility of sharding the gas as explained already to you.
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Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar.
I'm not risking trading. I'm long term. What you say could be correct, but even if Gold does go lower in the medium term, BTC might not be affected. We saw the past several years where Gold was in a bear market and BTC was booming. Mmm-hmm. Prices of BTC and gold do seem to move relatively independently of each other. Incorrect. They are highly correlated (if a smoothing filter is employed) since 2013. Gold had a rise recently and so did Bitcoin. Btw, MA has totally debunked the idea that the historic gold/silver ration is 15. Come on guys, stop being emotional and study the data. |
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WARNING: crypto-currencies are very likely going to experience a crash soonThose who have followed me over the years know that I have made some prescient predictions such as the Bitcoin crash from $1000, even the collapse to $150, and even the precise timing and $320 top of the bounce before the current one. In addition the following silver prediction I made: http://www.marketoracle.co.uk/Article23786.htmlI have also stated that I thought that when gold crashes below $1000 (and likely below $850) this year, then Bitcoin would also likely get caught up in the contagion and sell off to below $150 perhaps back to double-digits. I had explained my reasoning in the past and the current indicators are: https://www.armstrongeconomics.com/markets-by-sector/precious-metals/precious-metals-march-4th-2016/https://www.armstrongeconomics.com/international-news/europes-current-economy/the-eu-going-quietly-into-the-light/https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/moodys-warns-of-30-rise-in-commodity-based-company-bankruptcies-in-2016/https://www.armstrongeconomics.com/international-news/east_asia/moodys-lowers-credit-rating-of-china-to-negative-from-stable/It is not certain that gold will elect the March 13/14 turning point to begin its collapse to the final bottom of the correction that began 2011. And it is not certain that crypto-currencies will follow. But the level of irrational pumping of altcoins tells me that we are very near to a 2013 top in crypto-currencies. The irrational speculation is off the charts again and not based in any sense of reality just as was the case for those arguing for Bitcoin to go to $1 million per BTC back in 2013. For example, Ethereum has 0 users, 0 working, scaled apps, no consensus algorithm after $18 million expended. Yet the market cap is heading towards $1 billion. I am sniffing a big collapse in the making. Not sure if it is this March or later in the summer, but I am warning you. Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar. You will need some dry powder to buy when there is blood in the streets. You've been warned. |
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Those who have followed me over the years know that I have made some prescient predictions such as the Bitcoin crash from $1000, even the collapse to $150, and even the precise timing and $320 top of the bounce before the current one. In addition the following silver prediction I made: http://www.marketoracle.co.uk/Article23786.htmlI have also stated that I thought that when gold crashes below $1000 (and likely below $850) this year, then Bitcoin would also likely get caught up in the contagion and sell off to below $150 perhaps back to double-digits. I had explained my reasoning in the past and the current indicators are: https://www.armstrongeconomics.com/markets-by-sector/precious-metals/precious-metals-march-4th-2016/https://www.armstrongeconomics.com/international-news/europes-current-economy/the-eu-going-quietly-into-the-light/https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/moodys-warns-of-30-rise-in-commodity-based-company-bankruptcies-in-2016/https://www.armstrongeconomics.com/international-news/east_asia/moodys-lowers-credit-rating-of-china-to-negative-from-stable/It is not certain that gold will elect the March 13/14 turning point to begin its collapse to the final bottom of the correction that began 2011. And it is not certain that crypto-currencies will follow. But the level of irrational pumping of altcoins tells me that we are very near to a 2013 top in crypto-currencies. The irrational speculation is off the charts again and not based in any sense of reality just as was the case for those arguing for Bitcoin to go to $1 million per BTC back in 2013. For example, Ethereum has 0 users, 0 working, scaled apps, no consensus algorithm after $18 million expended. Yet the market cap is heading towards $1 billion. I am sniffing a big collapse in the making. Not sure if it is this March or later in the summer, but I am warning you. Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar. You will need some dry powder to buy when there is blood in the streets. You've been warned. |
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Parity will happen in september of this year.
1 million users  There are 0 users now. |
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money can't function outside of an economic cluster boundaries.
Glad to see you recognize why your proposal can't function if centralization doesn't exist. |
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Why are you kicking yourself when you all say it is going to the moon, so it doesn't matter what price you buy it, because your gains will be infinite in any case.
This is free money. Nobody can lose. Everyone will have infinite money. Never mind the coin has 0 users and 0 working, scaled apps and never will. None of that matters. Trust me.
I will wait until the price is 100X higher and then invest 1 satoshi so I can become infinitely wealthy.
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