I like gold because all people know its value
That is obviously an incorrect statement.  |
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Also your post redirects to another post, in typical fashion or your loops of quoting your own posts and spamming multiple threads and generally unreadable.
Oh slapper I see you are just foaming at the mouth because of some personal hate for me. I thought you were actually interested in documenting the facts and truth. You are now on ignore. Btw, I didn't realize that you are so handicapped that you can't click the mouse on a link. My pity for not being aware of the struggle/anguish you are going through. I thought I was in bad condition with fatty liver disease, but not being able to click the mouse pointer on links (or touch the screen on your mobile device) would really limit what someone could do with a computer these days. So sad. Hope you can find a cure. Edit: watching these trolls get so offended by my successes is nothing compared to the joy I am going to get when I dominate with my vaporcoin in the actual user adoption market. Then who will they cry to, lol. slapper your days are numbered. Enjoy them while you can. |
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[Edit] Gmaxwell suggested using one of the schemes from here. Oh that reminds me what I meant to write in this thread when I woke up this morning but I got sidetracked. The reason we can't allow Bob to sign instead of revealing his private key in order to reclaim his deposit, is because then the payments in the protocol can only be made contingent on revealing the private key. There is no way to put the deposit first on the block chain yet also have signing it require also signing the other transactions in the protocol, because those "other transactions" are not yet in the block chain when the deposit is confirmed (thus the deposit can't refer to transactions which are not yet confirmed as this would either be a security hole or would be impossible to pre-hash since the transaction paying Bob from Alice is not committed to a destination address). |
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This thread exemplifies that "opinions are as worthless as assholes, because everyone has one".
The entire thread would be more valuable if all the posts except mine were deleted. Sorry but I am interested in information, not noise.
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slapper I know there was a working version of Zerocash, so I know it is not entirely vaporware. I was just trying to be succinct. They haven't yet shipped Zcash, is what I mean. Yes those other concerns have been enumerated by myself upthread. Perhaps you did not read the thread. What does my vaporware have to do with this  Stay on topic please. Btw, see my post above 3 minutes before yours  |
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Generalized scripting is going to open up 51% attack vectors that didn't exist in a more pure crypto currency usage of a block chain: I don't know how many of you read the post linked in the above quote, so I wanted to again draw attention to this insoluble problem for scripting on a block chain. Scripting opens a Pandora's box that destroys the normal security model for block chains. This is more damning than the problem of needing to centralize verification of scripts, because afaics it is entirely insoluble (unless you centralize authorization of which scripts are allowed to run). The only possible solution I can think of is to make all scripts run as zero knowledge black boxes so that the miners are unable to see any of the data in the block chain. The only way to do this is zk-snarks. Remember I wrote in 2014 that I thought zk-snarks were essential for block chain 2.0 smart contracts. Once again ( as I did in 2013), I've shown that my foresight is exceptional. My zk-snarks idea has been prototyped by gmaxwell and the Zcash team: https://bitcointalk.org/index.php?topic=1364951.msg14023183#msg14023183 |
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You could set the minimum confirms to k * (trade_value) / (25 BTC). The k parameter is some protection against multiple trades being attacked together.
You'd have to base these thresholds on a computation of how many other DE are operating on the same blocks, but then an attacker can DE trade to himself to fool your algorithm into an unbounded value of k (as high as the attacker wants to make it). There are no solutions like that. The only solution is don't use cut & choose except where checkpoints are trusted, or develop the zero knowledge black box solution. |
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Indeed I predicted that But credit gmaxwell's Coin Witness thread for making me aware of the SNARKs technology in 2013. Generalized scripting is going to open up 51% attack vectors that didn't exist in a more pure crypto currency usage of a block chain: I don't know how many of you read the post linked in the above quote, so I wanted to again draw attention to this insoluble problem for scripting on a block chain. Scripting opens a Pandora's box that destroys the normal security model for block chains. This is more damning than the problem of needing to centralize verification of scripts, because afaics it is entirely insoluble (unless you centralize authorization of which scripts are allowed to run). The only possible solution I can think of is to make all scripts run as zero knowledge black boxes so that the miners are unable to see any of the data in the block chain. The only way to do this is zk-snarks. Remember I wrote in 2014 that I thought zk-snarks were essential for block chain 2.0 smart contracts. |
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OROBTC, Argentina just elected a privatization President. I am getting even more interested in Argentina but the southern hemisphere that would be free of the dreaded Chagas infection (although keep in mind the coming Mini Ice Age 2020 forward, which should make central Argentina much cooler ... but perhaps either much more arid or too much rainful, mudslides, etc). I had spoken to a real estate broker in Argentina in 2015 and he said if the privatization President won, then the business sector (conservatives, libertarians) in Argentina would take over and thrive.
Peru seems to be perhaps behind the curve (what do you expect from these highly indigenous demographics countries formerly ignorant natives who are mesmerized by mirrors ... they are behind the curve of understanding these matters ...). Morales @ Bolivia was just (barely) denied an exception from term limits.
I agree Latin America is inherently more socialist (Ecuador! Venezuela!), but they don't have an age 60+ baby boom generation that is vested in government, thus they perhaps can make the shift as they learn from their naive mistakes.
China's problem is that the love of strict governance is deeply cultural. Also China destroyed their youthful demographics with the one-child policy, so they have an aging society that will vote for BIG government over the coming decades. China is trying to bully all the other countries in the South China Sea for the natural gas and other fuels that may be under the sea bed. China will mature into a consumer economy and consume a lot from the rest of the world (and become net debtor like the USA was), thus the largest growth will be the smaller countries that supply the innovation in the Knowledge Age. Investing in China will be very difficult any way, because we are not Chinese. China has a walled off economy, even for example they prefer to make their own internet (social media) sites than use the ones that are popular in the west. China doesn't understand how to be an integral player in the information age. They want to control the information age and dominate it. Sorry they will lose.
So what I am saying is that if you want to invest low and sell high, prepare to invest into South America, Southern Europe after the coming implosion 2017 - 2024. The Italians will surely be very creative in the Knowledge Age (also Argentina is significantly populated by Italians).
The Philippines has also bozo candidates for the 2016 Presidential election, except for Davao City mayor Duturte. If he is elected, he will surely eliminate corruption and crime nationwide as he did in Davao City, but the first 6 months will be (in his own words in the recent televised debate) "very bloody" and tumultuous.
Trump is a reflection of the insolubility of the USA's divide between true Libertarians/conservatives and the rest of the population. The USA must break apart in order to appease this insoluble philosophical divide. Melting pot no more. This is essentially what Trump's reading of the "snake" represents politically and economically.
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The point is after wasting $15 million, Ethereum is no closer to a solution than when they started. And they are moving further in the wrong direction away from any decentralized solution.
(they are moving towards a centralized result and obscuring that it is centralized in technobabble, yet they are also adding so much complexity that I think it might diverge/disintegrate/malfunction as well as being a failure due to being centralized ... and they may not even fully comprehend this which is indicative of the mess... )
Smooth... I didn't read the whole thread so maybe this is covered but the reason* these attacks don't happen in practice is that none of the deployed chains actually operate as decentralized consensus systems. They are centralized in some manner with checkpoints, centrally signed blocks, etc.
This makes them impossible to attack but it also makes them a sham. They're just centralized systems implemented in an inefficient way that gives the appearance of decentralization.
* The other reason these systems aren't necessarily attacked is that attacking takes work...
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Why due to a lack of religious belief in government Mexico, Italy, Brazil, France, Spain, Colombia, S. Africa, and Argentina will be leaders in the Knowledge Age that I predict is developing:    Note that China's trust in business is rising very fast, but China is retarded by its religious belief in the collective. Do not bet big on the future of China, as most of the growth will occur outside of China from here forward. |
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Why due to a lack of religious belief in government Mexico, Italy, Brazil, France, Spain, Colombia, S. Africa, and Argentina will be leaders in the Knowledge Age that I predict is developing: Note that China's trust in business is rising very fast, but China is retarded by its religious belief in the collective. Do not bet big on the future of China, as most of the growth will occur outside of China from here forward. |
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The Theory of the Firm can be explained from one perspective with the erroneous theory that knowledge
creation can be duplicated and redundant thus managers play an important role of making sure there are backup employees in case one gets sick, leaves, or otherwise fails.
We've needed corporations to aggregate work, because for example you don't build Mozilla Firefox with one programmer. You need a large team.
This is why I was working so hard on solving the Expression Problem for computer programming language (which I think I've solved and will be working on after I finish the crypto work), because with true modularity (no need to refactor), then programmers can work on their own smaller modules and then other programmers can combine modules into large programs. This is the Holy Grail of programming yet to be achieved.
In any case, the point is knowledge creation is becoming more autonomous, e.g. the 3D printer and 3D printer designs for download. You used to need a corporation to accomplish what you can now do individually.
You are quoting me. |
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It's true that Monero, and BitShares offer the same level of security that is inferior to zcash due to inadequate IP address protection. But if the powers that really be are able to witness even a fraction of zcash transactions due to well known OS backdoors, then they will be able to perform the exact same type of "chain analysis" that will mathmatically narrow the search for who is trading what with who.
I had already pointed out in my prior two posts in this thread, that hiding from the government is futile. And only Zcash can avoid the unreliability and non-End-to-End principled Tor/I2P mixnets which Monero and copycats require. I shouldn't have to worry about how my transaction is transported to the block chain in order to have my privacy 100% insured (except for the omniscient government). Zcash is vaporware though. |
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