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2561  Alternate cryptocurrencies / Altcoin Discussion / Re: Double-top on ETH, looks like she's done, put a fork in her... on: February 13, 2016, 12:15:49 PM
Google for "Ethereum" right now.

The insiders are well connected with MSM and are pumping it hard. Trying to bring enough new fools in to buy.

So this means it willmay still go up?

That was my point.
2562  Alternate cryptocurrencies / Altcoin Discussion / Re: Double-top on ETH, looks like she's done, put a fork in her... on: February 13, 2016, 11:54:22 AM
Google for "Ethereum" right now.

The insiders are well connected with MSM and are pumping it hard. Trying to bring enough new fools in to buy.
2563  Alternate cryptocurrencies / Altcoin Discussion / Re: How about Vanilla coin on: February 13, 2016, 11:47:52 AM
smooth is not being anonymous because he is afraid of culpability. He is being anonymous because of the nasty things that jealous people can do.

I am 50 (and perhaps terminally ill) so I don't fucking care. Kill me and my gf's family will make sure you end up as Lechon before you can escape the Philippines. Haha.
2564  Alternate cryptocurrencies / Altcoin Discussion / Re: Double-top on ETH, looks like she's done, put a fork in her... on: February 13, 2016, 11:42:47 AM
The point is Vitalik built a 500M$ project[vaporware] while you did nothing except trolling a poisened forum.

Truth is poison  Huh

All this money flowing into alts is depressing. I had kinda hoped Cryptsy had killed that scene for good.

Don't worry the market caps are likely fake insiders buying from themselves, so the amount isn't $400 million, perhaps just a few $millions.


I do not find the reason for the recent rise. Did anybody find why the price rose so much recently?

Possibility is they need to raise the ETH price so they can sell some because they had exhausted their $millions in funding from the ICO vaporware pre-sale:


Another reason one might imagine that perhaps Vitalik could be corrupted to participate in the pump by emphasizing Casper vaporware and hiding the fact they were not close to solving the fundamental technological issues. And yet they were running out of money (but not now if they can sustain these higher prices for ETH and/or have sold a lot of ETH on this price rise ... in either case selling ETH to bag holders).

So one might imagine perhaps the insiders have cleverly realized they could control Vitalik so they would be able to cash out.

The professionals play these games very strategically. You bag holders have no chance against them (unless of course you sell early enough and get out the door before the rest of the bag holders). Note I am not short ETH, but I did play this game strategically also. I waited for ETH to reach a nosebleed price before I started to reveal the truth more aggressively. This is a warning to these professionals (hucksters) to not fuck with my coin when I release it.

Edit: I have just challenged Vitalik directly:

https://www.reddit.com/r/ethereum/comments/45bhus/so_the_ethereum_foundation_can_now_fund_itself/czx5jej

Edit#2: Vitalik admits they've been selling on the pump (in violation of escrow?). And note he mentions raising monthly budget so more money in their pockets (see how this works, I'll scratch your back if you scratch mine!):

https://www.reddit.com/r/ethereum/comments/45bhus/so_the_ethereum_foundation_can_now_fund_itself/czwqr30
2565  Alternate cryptocurrencies / Altcoin Discussion / Re: The Ethereum Paradox on: February 13, 2016, 11:20:27 AM
I do not find the reason for the recent rise. Did anybody find why the price rose so much recently?

Possibility is they need to raise the ETH price so they can sell some because they had exhausted their $millions in funding from the ICO vaporware pre-sale:


Another reason one might imagine that perhaps Vitalik could be corrupted to participate in the pump by emphasizing Casper vaporware and hiding the fact they were not close to solving the fundamental technological issues. And yet they were running out of money (but not now if they can sustain these higher prices for ETH and/or have sold a lot of ETH on this price rise ... in either case selling ETH to bag holders).

So one might imagine perhaps the insiders have cleverly realized they could control Vitalik so they would be able to cash out.

The professionals play these games very strategically. You bag holders have no chance against them (unless of course you sell early enough and get out the door before the rest of the bag holders). Note I am not short ETH, but I did play this game strategically also. I waited for ETH to reach a nosebleed price before I started to reveal the truth more aggressively. This is a warning to these professionals (hucksters) to not fuck with my coin when I release it.

Edit: I have just challenged Vitalik directly:

https://www.reddit.com/r/ethereum/comments/45bhus/so_the_ethereum_foundation_can_now_fund_itself/czx5jej

Edit#2: Vitalik admits they've been selling on the pump (in violation of escrow?). And note he mentions raising monthly budget so more money in their pockets (see how this works, I'll scratch your back if you scratch mine!):

https://www.reddit.com/r/ethereum/comments/45bhus/so_the_ethereum_foundation_can_now_fund_itself/czwqr30
2566  Alternate cryptocurrencies / Altcoin Discussion / Re: The Ethereum Paradox on: February 13, 2016, 10:54:27 AM
All this money flowing into alts is depressing. I had kinda hoped Cryptsy had killed that scene for good.

Don't worry the market caps are likely fake insiders buying from themselves, so the amount isn't $400 million, perhaps just a few $millions.

Does the pump of Ethereum just finish and the hot money is moving to the Moneoro? I think it is long over due.

Ostensibly Ethereum insiders held a lot of ETH and BTC which they could use to sell it to themselves over and over again to drive up the fake price on the exchanges. The price was not likely driven by very much hot money. The only requirement was that the true buyers (not the insiders) exceed the sellers so that the insiders could be net sellers.

Once there are more sellers than buyers, then the insiders can't continue the manipulation thus the price collapses. But if the selling subsides, the insiders can start pumping it again. But it depends on whether any buyers will be motivated to buy. It is a rollercoaster//yoyo game that extracts money from the speculators. Everyone is a net loser over time, except the bandit insiders who fleece the community.

Monero in theory doesn't have this centralization of the float and thus can't in theory be P&D like that. So it might be difficult to light the speculative fever necessary to get such a dramatic price rise. But realize that not that much hot money was involved in the recent ETH P&D. Only Poloniex and Kraken know for sure. Perhaps only a few $millions or much less  Huh
2567  Alternate cryptocurrencies / Altcoin Discussion / Re: The Ethereum Paradox on: February 13, 2016, 10:47:19 AM
However TPTB, I see you added it to the last category meaning you see it becoming centralized.

I am not challenging you here. I would like to understand how their project will become centralized.

Refer to the same thread which the "Stellar SCP" link leads to.
2568  Alternate cryptocurrencies / Altcoin Discussion / Re: The Ethereum Paradox on: February 13, 2016, 10:36:17 AM
I've viewed information/presentations etc about Eth's proposal for partitioning/sharding and its quite interesting.  If you really dig into how they set it up, it seems to apply some similar ways of thinking as my channeled ledger proposals, and applying them to a block chain.  That is, no UTXO, instead tracking of "account balances" (which they already have in V1.0) and accounts "living" in a particular partition.  They fall short by trying to apply this to a block chain.

[...]

With a channeled ledger, transactions are "independent" elements and can be transmitted directly to the nodes that need them...

[...]

There is still the matter of the cross-partition problem, and it seems that the Ethereum proposals intend to solve it by way of Merkle receipts and Patricia trees.  This approach may be successful, I had a similar solution in mind if the preferred implementation of compact global state using zk-proofs to prove an account has sufficient balance was impossible.  It hasn't hit any show stopper problems as yet though, so I've not looked deeper into the alternative solution/s and their implementation.

[...]

I want to set aside the performance issues for the moment and focus on the impossibility of granting both Partition tolerance and retaining Consensus/Consistency and Availability/Access, which the CAP theorem states is impossible. I know many developers want to delude themselves into believing the CAP theorem only applies at the a lower level semantic layer of the distributed network, but I intend to challenge your explanation in order to prove that is a delusion.

It is my understanding from evaluating possible designs, that if transactions are allowed to span partitions (a.k.a. shards), then it is impossible to prevent a double-spend by spending on two or more partitions (i.e. maintain Consistency) unless all partitions verify each other, which of course defeats the scaling benefits that partitions were intended to provide (and really just eliminates the partition tolerance). And if transactions are not allowed to span partitions (i.e. they can only transact to the validators in their partition), then it is impossible for a transaction to become unstuck (i.e. regain Availability) if all the authorized validators for the partition are censoring the transaction, are unreachable or have stopped being validators. It is possible to change the set of validators periodically such as based on the progression of the block chain (e.g. Dash Evolution quorum), but this makes it impossible to objectively detect a 51% attack (which is one of the aspects my design attempts to improve). I solved this issue by allowing BOTH partitioned transactions and spanning transactions where the latter conforms to the normal Satoshi longest chain rule (but with my unprofitable PoW improvement). Also there remains the issue that there must be a global consensus that all partitions were validated correctly, yet if all partitions validate each other, then the scaling advantage of having partitions is lost. You mention Merkel and Patricia trees to provide cross-partition transactions? I think it is impossible to achieve my solution and provide security without a (either PoW or PoS) chain, i.e. that Partion tolerance must be limited to intra-block because there still needs to be a consensus around whether a transaction has spanned a partition and thus if we introduce partition tolerance interblock then we will lose either Consistency or Availability. Also note PoS has Nash equilibrium failure modes which PoW doesn't have, so I chose PoW but improved it by making it unprofitable.

Afaics, Ethereum has an additional insoluble challenge which eMunie, Iota, and my design do not have to solve. That is they have to guarantee ordering of contract execution is Consistent even within a partition, which afaik (from Computer Science fundamentals) is impossible unless the scripts are 100% dependently typed; because otherwise they are not commutative and the permutations of orderings with the unbounded recursion of general scripting results in the block chain state being indeterminate. If one instead argues that any partial ordering will suffice (just chose one arbitrarily), this is equivalent to arguing that contract ordering doesn't matter, i.e. that they are commutative. It is a circular logic. So I really have no idea what the designers of Casper are thinking  Huh

Serenity is intended to have two major feature sets: abstraction, a concept that I initially expanded on in this blog post here, and Casper, our security-deposit-based proof of stake algorithm. Additionally, we are exploring the idea of adding at least the scaffolding that will allow for the smooth deployment over time of our scalability proposals, and at the same time completely resolve parallelizability concerns brought up here – an instant very large gain for private blockchain instances of Ethereum with nodes being run in massively multi-core dedicated servers, and even the public chain may see a 2-5x improvement in scalability.
2569  Alternate cryptocurrencies / Altcoin Discussion / Re: Synereo Community Hangout - 11 Feb 2016 - Protip: Get In Here! on: February 13, 2016, 10:01:27 AM
1. Synereo is based on Ethereum and Ethereum can't ever work technologically. I detailed my reasoning and specifically what I think is Greg's myopia on Ethereum's future version named Casper (which Greg Meredith is involved with on the math for consensus-by-betting). (Will be adding more on that technological point soon in the linked thread)

Ethereum 2.0 will be based on Casper which Greg is the head designer.  Both Synereo and Ethereum 2.0 will utilize Casper PoS.  Other than that to my knowledge, Synereo holds no other resemblance to Ethereum.  There is no scripting or turing completeness in Synereo.

I did hear (in this video Hangout) Greg mention that Synereo might use a more integrated form of Casper's consensus algorithm. My point is that if Casper's consensus algorithm is flawed, then so will be Synereo on the AMPs part. But again, please follow the Ethereum Paradox thread so we can discuss more the issue of Casper.
2570  Alternate cryptocurrencies / Altcoin Discussion / Re: Synereo Community Hangout - 11 Feb 2016 - Protip: Get In Here! on: February 13, 2016, 09:58:06 AM
2. Synereo is based on decentralized file storage for sharing content (such as music, videos, etc) and this can't ever work technologically (review all my posts in the linked thread) at least as currently envisioned by all the decentralized file projects I am aware of. I also proposed a solution in that linked thread, so perhaps you might want to pass it along to Greg.

The solution is to force all data nodes to share equal amounts of data through encryption to ensure that there are no leechers, correct?

It is not just the upload bandwidth asymmetry issue. It is the issue of society’s choice about creative property rights. That is why I proposed two DHTs. Please reread my proposal. I don't want to repeat myself.
2571  Alternate cryptocurrencies / Altcoin Discussion / Re: Etherium or maidsafe end 2016!? on: February 13, 2016, 09:53:10 AM
Szabo is the top guy to be Satoshi.  That's my opinion.

Read the post where it is explained that Szabo apparently doesn't even fully understand the technology in some cases.

You are a clueless n00b so you idolize someone who is marginally smart but the crypto god you think he is.

So you mean Satoshi is not that smart?  

Of course I idolize him, he invented Bitcoin.

Are you fucking retarded. You can't even remember that I already pointed out that Nick tweeted that he is not Satoshi.

Fuck man what the hell is wrong with your brain. Too much drugs.

Why would Satoshi even admit he's Satoshi?  Isn't that why he used the name 'Satoshi' in the first place?

You shallow, shallow man.

By your illogic, why would Satoshi allow any one to identify the likely person he is. You retarded man.

If Nick was likely Satoshi, he'd be dead already due to blackmail and rubber hoses given the known wealth. No way he could waltz around without full time security.

Exactly why he's denying it at all cost.

But according to you Satoshi failed since you know Szabo is Satoshi. And by spreading that "fact", you have further caused Satoshi to fail to remain anonymous. Thus Nick must have full time security escorts already (does he?). You must think Satoshi is careless and stupid. Logic is not your strong suite.

Obviously Satoshi is not anyone obvious. Duh.
2572  Alternate cryptocurrencies / Altcoin Discussion / Re: Synereo Community Hangout - 11 Feb 2016 - Protip: Get In Here! on: February 13, 2016, 09:49:17 AM
...Greg seems like the type of person who would oppose any type of disproportionate allocation.

Give me more time to analyze Casper. Perhaps Greg doesn't see all the angles or perhaps I don't. Follow the Ethereum Paradox thread. I have more discussion to do there in order to make sure I haven't missed some key point in my analysis.

Greg appears to be conscientious and sincere. But I have big red scam warning flags on them releasing AMPs into the market before the product was available.
2573  Alternate cryptocurrencies / Altcoin Discussion / Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin? on: February 13, 2016, 09:17:50 AM

...but my laptop isn't perfect (it sometimes grinds to a halt at 100% disk usage), my super duper new flat screen sometimes pixelates, my old CDs used to jump and skip, and 'always on' is sometimes 'off'.

[...]

Nothing in this world is perfect.

The problem with analogies is category error. Your laptop doesn't fail for everyone. It fails only for you, then you reboot it and learn not to overload its systems. That is decentralization. Whereas when a block chain fails, up to millions of people are impacted.

I have seen many speculators in this forum use this line of reasoning, which basically is "nothing is perfect, pragmatism is how business gets done in the real world".

I am all for pragmatism, but that reasoning does not apply in this case of comparing say Ethereum to for example Monero or Bitcoin, because when a project fails on its fundamentals then it crashes and burns, e.g. the fork of Stellar's consensus algorithm (which was copied from Ripple) before SCP was invented nearly destroyed the Stellar project. That argument about pragmatism does apply in other contexts obviously. I used pragmaticism when I created CoolPage. It in fact never did import HTML but yet it was very popular as an HTML editor because people liked the easy-to-use pixel perfect WYSIWYG placement of photos and text.

Bitcoin's promised Nash equilibrium has never failed (well there was a bug once or twice that required centralized intervention). It was always specified that the 51% attack is a threat. We can say that the 65% of the hashrate that the Chinese miners allegedly control has enabled them to veto the adoption of any block size increase and they effectively have 51% attacked Bitcoin presumably so they can drive transaction fees higher so they can increase profits for the oligarchy they have controlling Bitcoin (and I read yesterday they are also blocking Classic's doubling to 2MB).

So therefor and also including the scalecopalyse ongoing, that Bitcoin is not perfect. However the salient distinction is that Bitcoin has performed exactly as the white paper said it would. Even Satoshi had admitted that Bitcoin would likely become centralized over time in order to scale.

So Bitcoin has been basically perfect to its specification. Bitcoin has been reliable to the specification and I for one have been working on how to solve the issues that Satoshi did not attempt to solve w.r.t. to scaling and centralization. I think I have that solution and I am working on specifying it formally and implementing it (if I can stop foruming!).

Whereas, so many of the alt-coins have either no or insufficient specification (e.g. VanillaCoin, Ethereum, MaidSafe) or their specification is flawed and can't every work at all (e.g. Ethereum, Storj, Filecoin, etc). There is another class of specifications that is very thorough and will work but only with centralization that they do not fully admit in the specifications (e.g. Ripple, Iota, Stellar's SCP).

Click the links in the prior paragraph for the gory details.

In my next post in this thread, I will try to further explain why Ethereum can't adhere to its implied specification (and I write 'implied' because afaik there is no coherent specification for Casper, one has to piece together the puzzle from presentations by the developers).
2574  Alternate cryptocurrencies / Altcoin Discussion / Re: The Ethereum Paradox on: February 13, 2016, 09:06:37 AM
It was the following linked post where I linked to the post I had made on Vitalik's blog about the Consensus-by-betting plan for Ethereum's future version named Casper:

https://www.reddit.com/r/ethtrader/comments/42rvm3/truth_about_ethereum_is_being_banned_at/czcpoez

I explained at the linked post above that Consensus-by-betting is essentially a proof-of-stake/share algorithm in the sense that the financial penalty mechanism is based on deposits (stakes). And PoS has failure modes which don't have a Nash equilibrium (some of which Vlad is not aware of!) and here follows I described how longest chain rule does have a Nash equilibrium:

Thus I have explained there is no Nash equilibrium in Monero's penalty feature (unlike for Satoshi's longest chain rule where there is indeed a Nash equilibrium because if miners don't converge on the longest chain then all their chains are invalid/orphans and worthless without consensus). ArticMine is probably thinking that since miners have different costs, the equilibrium point for transaction fees will be the weighted average but I have explained the holistic economics by which this weighted average is driven by the costs of the largest hashrate miners until they control all the hashrate[1].

Greg Meredith talks technobabble for 15 minutes about the design of Casper.

Greg is talking about the math that says if the bets are rationally motivated by the penalties, then it should be possible to get them to converge on a consensus as to which block from all the validators (i.e. verifiers) is correct and chosen, i.e. that convergence of consensus can be mathematically guaranteed.

Vlad Zamfir had a video presentation and an audio presentation about Casper. I had also seen a video presentation by Vitalik which explained more about sharding and an overview.

But what all three Vitalik, Greg, and Vlad are failing to grasp is a MORE FUNDAMENTAL INSOLUBLE FLAW which is what I wrote in the prior post that consensus requires the the underlying state transformations for contracts are/is bounded on recursion, otherwise the partial orderings diverge and it is impossible to unifying them into one block chain ordering. Bob McElrath explained on Vitalik's block the consensus requires fungibility of contracts. By fungibility what he is really wanting to say is commutativity of ordering, which is achieved (other than a double-spend) in Bitcoin by the UXTO history having the directed acyclic graph property.

Edit: Vlad's conceptualization of the CAP Theorem at the 15:17 slide of his video presentation is incorrect! Once you allow Partitioning of the block chain state, it is then impossible to regain both Consistency and Availability. Vlad seems to think you can regain Consensus consistency after waiting for a vote, but that is incorrect because the partitioned state is then irrevocably in conflict and can be reconciled any more! Also Vlad makes many other errors as well.


These three guys are clueless. They are making so many mistakes.

I hear you, honestly I do, but my laptop isn't perfect (it sometimes grinds to a halt at 100% disk usage), my super duper new flat screen sometimes pixelates, my old CDs used to jump and skip, and 'always on' is sometimes 'off'.

There are well known discussions about bitcoin and it's suitability as a financial tool. It is just too slow and bloated!

The point I'm making here is that tech is NEVER perfect. It's all about the best tool for the job at the time that particular piece of tech comes into public usage. ETH is not perfect and it never will be. Once the issues in ETH are addressed in the next big thing in crypto, the next big thing in crypto will have its own flaws exposed, and so on.

With all the flaws of bitcoin, people still believe in it. It is the same for ETH.

Personally, I see complementary blockchains on the horizon. App execution, storage, network interactions, accountability/trust/auditing etc, all contributing to the global network concept (conspiracy theorists please insert 666 aka 'The Beast' here) rather than the one size fits all model.

Imperfect blockchains working symbiotically to simulate the perfect blockchain (with downtime due to hackers on public holidays - fixed by Monday morning after an outcry in the national press!).

Nothing in this world is perfect.

The problem with analogies is category error. Your laptop doesn't fail for everyone. It fails only for you, then you reboot it and learn not to overload its systems. That is decentralization. Whereas when a block chain fails, up to millions of people are impacted.

I have seen many speculators in this forum use this line of reasoning, which basically is "nothing is perfect, pragmatism is how business gets done in the real world".

I am all for pragmatism, but that reasoning does not apply in this case of comparing say Ethereum to for example Monero or Bitcoin, because when a project fails on its fundamentals then it crashes and burns, e.g. the fork of Stellar's consensus algorithm (which was copied from Ripple) before SCP was invented nearly destroyed the Stellar project. That argument about pragmatism does apply in other contexts obviously. I used pragmaticism when I created CoolPage. It in fact never did import HTML but yet it was very popular as an HTML editor because people liked the easy-to-use pixel perfect WYSIWYG placement of photos and text.

Bitcoin's promised Nash equilibrium has never failed (well there was a bug once or twice that required centralized intervention). It was always specified that the 51% attack is a threat. We can say that the 65% of the hashrate that the Chinese miners allegedly control has enabled them to veto the adoption of any block size increase and they effectively have 51% attacked Bitcoin presumably so they can drive transaction fees higher so they can increase profits for the oligarchy they have controlling Bitcoin (and I read yesterday they are also blocking Classic's doubling to 2MB).

So therefor and also including the scalecopalyse ongoing, that Bitcoin is not perfect. However the salient distinction is that Bitcoin has performed exactly as the white paper said it would. Even Satoshi had admitted that Bitcoin would likely become centralized over time in order to scale.

So Bitcoin has been basically perfect to its specification. Bitcoin has been reliable to the specification and I for one have been working on how to solve the issues that Satoshi did not attempt to solve w.r.t. to scaling and centralization. I think I have that solution and I am working on specifying it formally and implementing it (if I can stop foruming!).

Whereas, so many of the alt-coins have either no or insufficient specification (e.g. VanillaCoin, Ethereum, MaidSafe) or their specification is flawed and can't ever work at all (e.g. Ethereum, Storj, Filecoin, etc). There is another class of specifications that is very thorough and will work but only with centralization that they do not fully admit in the specifications (e.g. Ripple, Iota, Stellar's SCP).

Click the links in the prior paragraph for the gory details.

In my next post in this thread, I will try to further explain why Ethereum can't adhere to its implied specification (and I write 'implied' because afaik there is no coherent specification for Casper, one has to piece together the puzzle from presentations by the developers).
2575  Alternate cryptocurrencies / Altcoin Discussion / Re: Double-top on ETH, looks like she's done, put a fork in her... on: February 13, 2016, 08:46:39 AM
Ethereum ... has strong development team.

Disputed.
2576  Alternate cryptocurrencies / Altcoin Discussion / Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin? on: February 13, 2016, 08:45:40 AM
The point about standing up decentralized nodes with Docker is a worth while technical point to be aware of.

However it still doesn't change my opinion that Synereo is building the wrong model for decentralized social networking.

What is your main objection to the model that Synereo is using?  Is it based on the thought that asymmetric connections will lead to ISPs blocking connections for Synereo data nodes or your thought that all PoS systems will centralize?  While I agree that all PoS blockchains will centralize to an extent around the holders of the PoS tokens, I don't think that is necessarily a detriment to the system.  I've stated before that as long as the currency holders have direct proportional input to the security of the chain based on their holdings that I think centralization around these parties is acceptable.  Your opinion is that this is unacceptable centralization and my opinion is that it is the currency holder's right as long as participants aren't forced to join the system.

1. Synereo is based on Ethereum and Ethereum can't ever work technologically. I detailed my reasoning and specifically what I think is Greg's myopia on Ethereum's future version named Casper (which Greg Meredith is involved with on the math for consensus-by-betting). (Will be adding more on that technological point soon in the linked thread)

2. Synereo is based on decentralized file storage for sharing content (such as music, videos, etc) and this can't ever work technologically (review all my posts in the linked thread) at least as currently envisioned by all the decentralized file projects I am aware of. I also proposed a solution in that linked thread, so perhaps you might want to pass it along to Greg.

3. PoS has failure modes which don't sustain Nash equilibrium. I have some links and posts in the Ethereum Paradox thread which expand on that point.

4. Most fundamentally to Synereo's design is I don't see how Greg's math model for the attention model (Reo & AMPs impacts) can be enforced on all nodes. I admit I didn't dig into the math and research he cites in the 56 page white paper (I do sort of understand it conceptually), but i think I don't need to because there is no way to enforce that all nodes will run the same math model. Additionally I think the concept of paying with AMPs to force content to move uphill against Reo is the wrong model, because the value of advertising is orders-of-magnitude smaller than the value that users get out of social networks. Thus the only model that makes economic sense is Reo. Removing AMPs of course destroys Synereo's funding and profit model, so would kill the project. Thus I don't expect them to adopt a corrected design.
2577  Alternate cryptocurrencies / Altcoin Discussion / Re: Synereo Community Hangout - 11 Feb 2016 - Protip: Get In Here! on: February 13, 2016, 08:39:34 AM
The point about standing up decentralized nodes with Docker is a worth while technical point to be aware of.

However it still doesn't change my opinion that Synereo is building the wrong model for decentralized social networking.

What is your main objection to the model that Synereo is using?  Is it based on the thought that asymmetric connections will lead to ISPs blocking connections for Synereo data nodes or your thought that all PoS systems will centralize?  While I agree that all PoS blockchains will centralize to an extent around the holders of the PoS tokens, I don't think that is necessarily a detriment to the system.  I've stated before that as long as the currency holders have direct proportional input to the security of the chain based on their holdings that I think centralization around these parties is acceptable.  Your opinion is that this is unacceptable centralization and my opinion is that it is the currency holder's right as long as participants aren't forced to join the system.

1. Synereo is based on Ethereum and Ethereum can't ever work technologically. I detailed my reasoning and specifically what I think is Greg's myopia on Ethereum's future version named Casper (which Greg Meredith is involved with on the math for consensus-by-betting). (Will be adding more on that technological point soon in the linked thread)

2. Synereo is based on decentralized file storage for sharing content (such as music, videos, etc) and this can't ever work technologically (review all my posts in the linked thread) at least as currently envisioned by all the decentralized file projects I am aware of. I also proposed a solution in that linked thread, so perhaps you might want to pass it along to Greg.

3. PoS has failure modes which don't sustain Nash equilibrium. I have some links and posts in the Ethereum Paradox thread which expand on that point.

4. Most fundamentally to Synereo's design is I don't see how Greg's math model for the attention model (Reo & AMPs impacts) can be enforced on all nodes. I admit I didn't dig into the math and research he cites in the 56 page white paper (I do sort of understand it conceptually), but i think I don't need to because there is no way to enforce that all nodes will run the same math model. Additionally I think the concept of paying with AMPs to force content to move uphill against Reo is the wrong model, because the value of advertising is orders-of-magnitude smaller than the value that users get out of social networks. Thus the only model that makes economic sense is Reo. Removing AMPs of course destroys Synereo's funding and profit model, so would kill the project. Thus I don't expect them to adopt a corrected design.
2578  Alternate cryptocurrencies / Altcoin Discussion / Re: How about Vanilla coin on: February 13, 2016, 08:12:57 AM
I have explored every possible design for anonymity. I expended months and years thinking about every possible way it could be done. How many days I sat on my couch just running the possibilities through my mind. So if I say John is wasting his time, then you should believe it.

And by now getting close to that level of study also on consensus algorithms including instant confirmations.

Let John publish a complete specification if he thinks he invented something I (or others who I've studied) didn't already think of and dismissed. The likelihood although not absolutely 0, is exceedingly small.

smooth's implicit point (among other points) in his immediately prior post is that John isn't participating in peer view and prior art searching. No person is omniscient and there are very few things under the sun that others haven't also explored. I have been sharing my ideas and thoughts on this forum as a form of peer review.
2579  Alternate cryptocurrencies / Altcoin Discussion / Re: Etherium or maidsafe end 2016!? on: February 13, 2016, 08:02:49 AM
Szabo is the top guy to be Satoshi.  That's my opinion.

Read the post where it is explained that Szabo apparently doesn't even fully understand the technology in some cases.

You are a clueless n00b so you idolize someone who is marginally smart but the crypto god you think he is.

So you mean Satoshi is not that smart?  

Of course I idolize him, he invented Bitcoin.

Are you fucking retarded. You can't even remember that I already pointed out that Nick tweeted that he is not Satoshi.

Fuck man what the hell is wrong with your brain. Too much drugs.

Why would Satoshi even admit he's Satoshi?  Isn't that why he used the name 'Satoshi' in the first place?

You shallow, shallow man.

By your illogic, why would Satoshi allow any one to identify the likely person he is. You retarded man.

If Nick was likely Satoshi, he'd be dead already due to blackmail and rubber hoses given the known wealth. No way he could waltz around without full time security.
2580  Alternate cryptocurrencies / Altcoin Discussion / Re: How about Vanilla coin on: February 13, 2016, 08:00:29 AM
I couldnt resist to say HI to copy/paste/copyright FUD squad.

Good luck. I'll be waiting for the complete specifications from John and hoping on his Zerotime he can prove all the PhDs wrong and somehow make the speed-of-light infinite by showing that synchrony is possible in distributed systems.  Roll Eyes
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