RoadStress is promoting a product that didn't immediately damage consumers, assuming the SP3X compensation they gave was sufficient. There are victims in both scenarios unfortunately.
That's a big, controversial assumption. The SP3X compensation may have accounted for the lower hashrate, but Spondoolies also missed by a wide margin their GH/W power spec. Regardless, I can't agree with your choice to use the word "victims." Bitcoin is very risky (it could suddenly break or become obsolete). Mining with ASICs is an order of magnitude riskier than just hodling BTC (because price/difficulty). Pre-ordering ASICs is the riskiest of all (because of all the above plus counterpary/firm risk). It's not for widows, orphans, or the faint of heart. If you lose a game at a casino or a wager with a bookie, you are not a "victim" and the casino/bookie is not a fucking "scammer." Spare us the ex post facto infantilization of compulsive gamblers (who either possess extremely high risk tolerance or have no business pre-ordering ASICs). |
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RoadStress wasn't just ScamDoolies attack dog. He also acted as a liability buffer for the group buy of machines that failed to perform as marketing specs advertised.
If Cypherdoc's Bitcoin can be claimed in bankruptcy court as an improper asset transfer, then RoadStress' shill renumeration (especially if paid in BTC) may also be up for clawback by creditors.
I suggest you find out who he is and how much he was paid to help promote/defend this exit scam.
Please don't compare me to the cypherdoc scammer! He endorsed HashFash with no chip developing technical skills and with no tech start-up business skills! RoadStress, you endorsed Spondoolies with "no chip developing technical skills and with no tech start-up business skills." |
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Seriously, though: Instamine. Yes, the Instamine is a serious problem for Dash. It scares away people like Tone Vays (if not the low information religious/greedy types). But the terrible optics aren't the only issue Dash's instamine causes, as the skewed distribution compounds the problem(s) described here: http://blog.oleganza.com/post/144087873288/problem-with-proof-of-stake-and-coin-voting-inProblem with Proof of Stake and “coin voting” in general
The problem with “voting by coins” is that most coins do not vote. This leaves a small fraction of UTXO to actually vote which is not representative and highly volatile since anyone risking to use idle keys to a large stash of coins can dramatically affect the voting outcome.
Most coins are locked up well “under matress” with multisig, time locks and possibly even with HSM-controlled keys. Also, pubkeys to long-term stashes do not want to be exposed from under their hashes in order to be better protected against a QC development in the long term.
In other words, most coins that matter, cannot and will not vote.
This leaves only the least important coins to perform voting. Obviously, the result of such voting will be worthless. Why are you back here - oh thats right - your shitcoin Muner0 is going down the toilet again..... Dont forget to collect your payment from Risto for that post. Why are you so afraid of discussing the "Problem with Proof of Stake and “coin voting” in general" article I posted? It as written by a crypto/security expert (not me), so your attacks on the messenger (me) don't do anything to deflect the message. Isn't substantial discussion of real issues a welcome relief from the endless DashSpam cheerleading? |
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Seriously, though: Instamine. Yes, the Instamine is a serious problem for Dash. It scares away people like Tone Vays (if not the low information religious/greedy types). But the terrible optics aren't the only issue Dash's instamine causes, as the skewed distribution compounds the problem(s) described here: http://blog.oleganza.com/post/144087873288/problem-with-proof-of-stake-and-coin-voting-inProblem with Proof of Stake and “coin voting” in general
The problem with “voting by coins” is that most coins do not vote. This leaves a small fraction of UTXO to actually vote which is not representative and highly volatile since anyone risking to use idle keys to a large stash of coins can dramatically affect the voting outcome.
Most coins are locked up well “under matress” with multisig, time locks and possibly even with HSM-controlled keys. Also, pubkeys to long-term stashes do not want to be exposed from under their hashes in order to be better protected against a QC development in the long term.
In other words, most coins that matter, cannot and will not vote.
This leaves only the least important coins to perform voting. Obviously, the result of such voting will be worthless. |
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As of May 4, 2016 Spondoolies-tech has ceased operations.
Sorry to see you go! It was a fun ride. Thank you for everything and good luck in your future ventures! Spondoolies may have abused the fact that BTCS kept giving them money for only token amounts of equity, then filed for bankruptcy so they keep the money and pay out their own creditors / investors. Maybe this was the master plan Guy had all along and why no one else could work out why they were merging with BTCS.
Alternatively, a different creditor filed to force them into bankruptcy before I got around to it and so while neither Spondoolies or BTCS chose this, its still happening. They 'merged' with BTCS which from what I understand has "sole' use of their SP 50's if they exist yet.....(any correction on this welcome)
So Spondoolies...'merged' and took the money and ran....(hey no shame in that) but they are not into personal miners or heck any public for sale miners anymore from
They received $2.25M from BTCS, that's a significant amount. For Roadstress The Cheerleader Shill, this bankruptcy is " a fun ride." For BTCS investors and shareholders, it is devastating. ROADSTRESS is a troll. He helped Spondoolies scam 100 MILLION $ from BTCS and group buyers.Just to make it clear, I was referring to the $1.5M and $0.75M investments Spondoolies received while the merger was pending. These were topups to keep the company alive and seemingly healthy while the merger was pending, as it took longer than expected to gain all the approvals. These two amounts amount doesn't include the actual merging money which never triggered. In return for the $1.5M on December 15, 2015, BTCS received just ~3% of Spondoolies’ equity. Similarly for the $0.75M on December 15, 2015, they received just ~3% of Spondoolies’ equity, again giving Spondoolies a valuation of $25M for a very dead company. These are the "token" payments that Spondoolies appears to have taken to the grave with them, in funding rounds with likely their highest ever valuations. Crazy stuff. Edit: To comment about RoadStress - he did at times act as Spondoolies attack squad as to keep their hands clean, but from his perspective there wasn't anything wrong with the company. He organised a group buy and received his remuneration; apparently most affiliates didn't. To then deny the existence of such claims and failures of the company was shill like though. People's mortgages, investments and even entire companies are are on the line here but its okay just as long as he got paid. RoadStress wasn't just ScamDoolies attack dog. He also acted as a liability buffer for the group buy of machines that failed to perform as marketing specs advertised. If Cypherdoc's Bitcoin can be claimed in bankruptcy court as an improper asset transfer, then RoadStress' shill renumeration (especially if paid in BTC) may also be up for clawback by creditors. I suggest you find out who he is and how much he was paid to help promote/defend this exit scam. |
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As of May 4, 2016 Spondoolies-tech has ceased operations.
Sorry to see you go! It was a fun ride. Thank you for everything and good luck in your future ventures! Spondoolies may have abused the fact that BTCS kept giving them money for only token amounts of equity, then filed for bankruptcy so they keep the money and pay out their own creditors / investors. Maybe this was the master plan Guy had all along and why no one else could work out why they were merging with BTCS.
Alternatively, a different creditor filed to force them into bankruptcy before I got around to it and so while neither Spondoolies or BTCS chose this, its still happening. They 'merged' with BTCS which from what I understand has "sole' use of their SP 50's if they exist yet.....(any correction on this welcome)
So Spondoolies...'merged' and took the money and ran....(hey no shame in that) but they are not into personal miners or heck any public for sale miners anymore from
They received $2.25M from BTCS, that's a significant amount. For Roadstress The Cheerleader Shill, this bankruptcy is " a fun ride." For BTCS investors and shareholders, it is devastating. ROADSTRESS is a troll. He helped Spondoolies scam 100 MILLION $ from BTCS and group buyers. |
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How come this community dont have at least Avatar campaign?
Youtube video?
Such good money but poor marketing strategy.
No marketing until initial release. We are still in beta.Now I understand why there are no basic things like a GUI etc. Monero is still in Beta! Initial release will come later on Very good Although already 100% fungible/private, some of Monero's greatest features are still in pre-alpha. EG Kovri (i2p router) and RingCT.  |
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February?
BAAAAA!!! HAAAAA!!! HAAAAAA!!!!
Stop it! It's too much!!
You're such a tiny little man! Why do you have such a huge problem with being held accountable for what you said in the past? Do your posts have an expiration date, after which you are no longer responsible for their (spectacularly wrong) assertions? Your Hillaryesque "Old news is old; at this point what difference does it make?" deflection doesn't change the fact you got #REKT. BAAAAAA!!!! HAAAAAA!!! HAAAAA!!! Seriously! This is too much!!! And you're outside of your pathetic little echo chamber, so you can't even delete my posts! You lot of whining ninnies kind of lose track of the real world in there, don't ya? Well, at least you're kind enough to comfort Gmaxwell, and tell him what he wants to hear. I'm not sure if that makes you human, but at least you serve a purpose. Sort of. Maybe. OK, we get it already. You expect be to allowed to spout off Gavinista hivemind crap about how "Classic is winning and Core is whining," but not be reminded of such posts when they are no longer congruent with consensus reality. I recommend you delete all your old premature-XT-victory-declaring posts that are now potential sources of embarrassment, before I find more and use them to humiliate you further.  |
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February?
BAAAAA!!! HAAAAA!!! HAAAAAA!!!!
Stop it! It's too much!!
You're such a tiny little man! Why do you have such a huge problem with being held accountable for what you said in the past? Do your posts have an expiration date, after which you are no longer responsible for their (spectacularly wrong) assertions? Your Hillaryesque "Old news is old; at this point what difference does it make?" deflection doesn't change the fact you got #REKT. |
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A number of big classic promoters were also big Wright-fighters. Meh if only they'd try harder, so it would make bitcoin stronger laugh harder..   I told you GavinCoin would get r3kt like Stannis on the Blackwater, and that's exactly what has happened.  |
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And the stampeding herds of noisy Gavinista Lolcows are more comedy than adversity.
 The once-mighty herds of Gavinista Lolcows, sadly, are dying. But I still wake up laughing at their hubris and folly.  They are afflicted with a malaise no amount of spin and cheerleading can cure. Even such dumb beasts possess an intuitive inkling of impending doom. Perhaps they can smell the death pheromones wafting from Core's Darwinian slaughterhouse. Gavininsta Lolcows once roamed the plains of Bitcoin in great numbers. Now they are reduced to writing "we still love Gavin even if he lied and/or is stupid" fanfic on /r/btc. |
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 where's segwit? Segwit is (as promised) right here: https://github.com/bitcoin/bitcoin/pull/7910every day without an inch of movement from Blockstream, increases the possibility. The fact that they start bringing up PoW changes when backed into a corner gives even more weight to the idea that they would rather go to war than compromise to 2MB.
Blockstream is moving rapidly on segwit, sidechains, and Lightning. They are meticulously preparing Bitcoin to be carefully scaled ASAP. Classic, OTOH, is spreading '2MB? Not much testing needed' nonsense. And yes, we will "go to war" to defend Bitcoin's diverse/diffuse/defensible/resilient characteristics, from which its key interesting property of antifragility emerges. Whine about it all you want. Nothing you do can move our Honey Badger's needle one iota. You have no power here. You're the one whining. We're winning. Now who is the one whining? You. Now who is the one winning? Me. I hope you've learned something here, besides what it feels like to be crushed by a 75,000 horsepower iCEBREAKER. Cool! I managed to annoy wINDBREAKER! Success!!! Edit: a post from January? Man, I must really have gotten under his skin. This feels sooooo gooood! I'll take that as a grudging (less than graceful, borderline creepy) concession.  The "remember this" post from January demonstrates I have the patience to wait you out and serve your comeuppance iCE cold. Are you going to try to spin and paint Gavin's summary dismissal with some kid of pro-Classic gloss? Or is the best excuse/distraction you can come up with "ZOMG JANUARY POST WAS FROM JANUARY?"  |
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where's segwit? Segwit is (as promised) right here: https://github.com/bitcoin/bitcoin/pull/7910every day without an inch of movement from Blockstream, increases the possibility. The fact that they start bringing up PoW changes when backed into a corner gives even more weight to the idea that they would rather go to war than compromise to 2MB.
Blockstream is moving rapidly on segwit, sidechains, and Lightning. They are meticulously preparing Bitcoin to be carefully scaled ASAP. Classic, OTOH, is spreading '2MB? Not much testing needed' nonsense. And yes, we will "go to war" to defend Bitcoin's diverse/diffuse/defensible/resilient characteristics, from which its key interesting property of antifragility emerges. Whine about it all you want. Nothing you do can move our Honey Badger's needle one iota. You have no power here. You're the one whining. We're winning. Now who is the one whining? You. Now who is the one winning? Me. I hope you've learned something here, besides what it feels like to be crushed by a 75,000 horsepower iCEBREAKER. |
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I think the OP is still yet to actually show or tell us how Core is REKT Still waiting...  ...surely OP will deliver.  |
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A number of big classic promoters were also big Wright-fighters.
I find myself wondering which way the causal arrow goes? Did Wright, as part of his general deception, convince some of these folks that he created Bitcoin and then spun them up on blocksize because it was his own poorly informed view of the future... or did Wright see their block-size mania as a juicy cognitive vulnerability and exploit it to gain their trust? Maybe a bit of both in a mutually amplifying cycle?
In any case, a strong relationship there would do a lot to explain a number of rather perplexing things-- including the absolute, yet wildly unjustified, confidence in the XT and Classic's forks when they lacked so much, including a productive and experienced set of people supporting them. As extreme as that confidence was in public, what I've seen in in private is magnitudes worse. "No worries, the Creator will come and save the day."
The constant leaking "satoshi's vision" from that camp might also be connected here.
I'm interested in getting further data points on exactly how this scam was spreading in the Bitcoin space. I have some dates and some people, but a lot I don't know.
But perhaps I'm just being hopeful, -- since if this is true, the worst of this drama may be finally over. In the 60s-80s, the FBI (and SJW orgs like SPLC) used their mob ties and War On Drugs police state tactics to break up the KKK. Then they needed a bigger budget new enemy, so the Remnant of anti-centralized authoritarianism Federalists (running the gamut from JBS reactionaries to Libertarians) was put in the crosshairs. The old joke about everyone you meet at a Klan rally being an undercover informant became a new joke called "spot the fed." After all, what good is an Elohim City without an Andreas Strassmeir there to stir the pot? This background may help establish a pattern and practice relevant to explaining the mysterious preponderance of Full Time Professional Libertarians in the Gavinista (IE Craig Wrightist) movement. One way to spot the Fed is to look at who is advocating the most indefensible actions/opinions. EG, Olivier J making the neo-nationalist/anti-transnationalist movement appear foolish and bigoted by drunkenly ranting about Evil Mooooslums. The professional infiltrators/agitators usually seek leadership positions in existing and self-created governance structures, so they can make lists of subversives. EG, The Bitcoin Foundation. It appears the nefarious nexus you are looking for exists mostly among the less technical/more political wing of the Bitcoin world (Gavin and Ian Grigg notwithstanding). Another red flag warning is association with Cato Institute, a quasi-libertarian think tank with petrodollar/neocon foreign policy leanings often pointedly referred to as "Stato" by the antiwar.com types of the Constitutional conservative right. And right on cue, we find a State-O Institute functionary Jim Harper breathlessly scolding Team Core for no very good reason: https://twitter.com/Jim_Harper/status/725389920387387392Perhaps Kyle Torpley will file some FOIA requests and get to the bottom of this rabbit hole. EDIT: https://twitter.com/bergalex/status/688426920330027009 |
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One more Epic Fail from Ver. Keep going hahahahahahahahaha "After being the laughingstock of the Bitcoin world for a couple of days, I was greatly relieved when Gavin's Fake Satoshi hoax distracted everyone from my monumental incompetency and consequent FUD tantrum." -Roger Ver (probably) |
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In case anyone was concerned after some digging around apparently there is some really weird aspects of qbits such that their correlations to standard bits are not linear. The work of Proos and Zalka show how a quantum computer for breaking 2048-bit RSA requires roughly 4096 qubits, while a quantum computer to break the equivalently secure 224-bit Elliptic Curve Cryptography requires between 1300 and 1600 qubits. So 5 q-bits is not enough to work on the problem for some reason I can't really fathom. Really weird aspects are to be expected... http://science.howstuffworks.com/science-vs-myth/everyday-myths/quantum-weirdness.htm...because "quantum" (ie quantized) is the opposite of "linear." https://en.wikipedia.org/wiki/Double-slit_experiment |
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It would be nice if voters could vote the backpay for Liquidity providers in I voted for this with all available firepower at my disposal. Votes: 158 Yes / 451 No
Will be funded: No. This proposal needs additional 666 Yes votes to become funded. Motion fails. Liquidity providers rekt. It might help if the budgeting system was stable instead of a confusing, never-ending work in progress. Asking voters to participate in an undefined/unstable schema is like trying to score despite moving goalposts. And that is why professionals don't just crap whatever harebrained ideas come to mind directly into a production system, but rather use the tried-and-true methodology of whitepaper-->peer review-->proof-of-concept-->alpha/beta prototype-->production system. Let's recognize Dash's dependency on third parties for liquidity cripples its mixing system, both from an economic and security perspective. It's just bad design; Dash needs to stop using shortcuts and go back to Evan's original idea for on-chain mixing with ring signatures, because it can't compete with Bitcoin's Lightning nor Monero's Cryptonote protocol. |
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Dash has zero chance of competing with Lightning.network. Without modern crypto features like Confidential Transactions, segwit, RBF, CSV/CLTV, Schnorr sig trees, payment channels, and sidechains, Dash is as obsolete as Bitcoin Classic. All the rebrands, DashSpam threads, and SEO link farming in the world can't change those simple facts. Has anybody seen BigRCanada lately? Did he (like Tone Vays) get wise to the "accidental" instamine scam and leave? |
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