Anyway, I'm very happy infrofont is winning theymos' poll. Right now infofront 27 x 21 Lauda.
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AlphaBay disappearing having any effect on XMR... you guys think?
They are not disappearing. Whatever the problem they have stated that they are restarting their servers. I can confirm all crack sales open @ The Smooth Road |
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Go home, your kingdom of terror sucks!
I had to prepare you for the new policies ...  |
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Now people think PMs have their monetary value "because my dad and my great Grandpa thought so
Like I told the Syscoin dev: You do now enjoy tormenting poor shitcoin developers? I always though your hate was mainly against Bitcoin (and maybe jews too).  To make things worse, he's even an Indian, the #1 gold country on the planet. I think he was locked into some type of caste system as a child and lorded over by other indians with higher amounts of gold and now resents it, hoping he can become Slumdog Millionaire with bitcoin as revenge. |
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Now people think PMs have their monetary value "because my dad and my great Grandpa thought so
Like I told the Syscoin dev: Gold is a weaker form of money than crypto.
You need to stop flat out lying. It's completely impossible for you to not know bitcoin has solved zero problems whatsoever concerning money. It doesn't solve byzantine generals, it has no Nash equilibrium, it's full of counter party risk, it's designed to centralize, doesn't scale, not fungible, not a store of value, etc. Hence it's zero competition to gold and silver in current state. You don't get to make believe that all these problems, which most are unsolvable, will magically be fixed someday in the future and claim bitcoin is better than metals. Bitcoin in current form is literally trash compared to gold and silver. It's a linked list with a get rich quick scheme built on top of it, nothing more, nothing less. Everything about it is completely arbitrary in nature. It does not isolate any type of problem and solve it in an objective manner. It's a Rube Goldberg machine.  |
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r0ach, what is your general thesis on how the debt bubble will be resolved/play out?
Well, first things first, in a recapitalization scenario the USD would likely lose reserve status so the USD is the big loser no matter what happens when it comes to purchasing power. The reserve would then either shift to gold or SDR. The seigniorage fee on a $100 bill is already enormous. It's something like an 11 cent cost of production representing $100 when paper money has always been a derivative of gold and silver in the past, so they can always just claim the total amount of "SDR" equals the entire world debt then say all USD notes are worth 25% of SDRs, the Yen would be worth 5% or whatever, etc. It's a stupid system that requires a defacto world government and world currency, so as long as just a few big people like Russia resist, we can avoid Jew world order banker enslavement. The next is the scenario they don't want to do but always have planned as a backup: revaluing gold to an enormous level ($10k+) that gets the system out of deflationary collapse. So, basically all that needs to happen is nations like Russia, Iran, and a couple others run out the clock on western Jewish banking to force them to revalue gold, which simultaneously prevents a world govt slave system at the same time. Unlike FOA, I also believe silver will drastically increase in price with gold. Many arab countries and nations like India have huge amounts of gold now, so rather than revaluing gold to $20k an ounce making everyone in India the new kings of the world, they would likely revalue gold to $10k and have silver rise in similar proportion just to prevent places like India from becoming stupidly powerful for no reason. No, "cryptocurrency" is not going to take over anything like Sidhujag claims. Even if you wanted it to (which is a horrible idea), it's far too early in it's evolution with garbage scalability to deal with a kind of imminent world banking collapse problem. It would be like asking an engineer from the year 1700 to design a moon capsule. Physical currency is also a basic human right if there ever was one like the right to defend yourself, so unless they can bring in total oppressive world govt, people are going to be using physical money in some way and never just digital only. You honestly need to be flat out stupid to want a digital only currency since you'll always be at the mercy of whoever runs it, and someone will always run it unlike metals. Gold is a weaker form of money than crypto. The market already realizes this. The problem with you gold bugs is that you do not evolve since you hold positions you cannot see the evolution that is taking place. You have to be flat out stupid to claim gold is a better form of money over crypto. Gold is not even better than fiat. Current fiat took over gold remember. Having physical representation is easy once the systems are in place to prove ownership. You have to think outside the box pinky. You need to stop flat out lying. It's completely impossible for you to not know bitcoin has solved zero problems whatsoever concerning money. It doesn't solve byzantine generals, it has no Nash equilibrium, it's full of counter party risk, it's designed to centralize, doesn't scale, not fungible, not a store of value, etc. Hence it's zero competition to gold and silver in current state. You don't get to make believe that all these problems, which most are unsolvable, will magically be fixed someday in the future and claim bitcoin is better than metals. Bitcoin in current form is literally trash compared to gold and silver. It's a linked list with a get rich quick scheme built on top of it, nothing more, nothing less. Everything about it is completely arbitrary in nature. It does not isolate any type of problem and solve it in an objective manner. It's a Rube Goldberg machine. |
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Never believed in ETH... and never will. I'm sceptical AF!!!  Couldn't the same be said of Bitcoin holders though? I am an avid BTC holder myself.
Yes it could. But Bitcoin is not a mere 2 years old and price moonshot from $0.50 to $400 virtually overnight. It took years and years to build a devoted following of firm believers (holders, users, merchants). Bitcoin also has all of the core fundamental attributes of sound money (eg, not-premined, fair launch, capped, deflationary, POW mining, secure, etc.) that many of the other cryptocurrencies and tokens do not have. Why anyone would support a cryptocurrency that lacks even some of the fundamental attributes of sound money to begin with is beyond me. That to me is rationalizing something irrational/illogical due to simply a rising price. Simply having a rising price != sound money, nor does it mean or imply greater adoption in the future. Greater adoption over a longer timeline (decades) requires belief, and belief first requires firm attributes of sound money, which is the platform infrastructure on which belief is built. This forms a 'belief feedback loop' that builds with exponentially more and more people over time. Gold and Silver went through the same process, the belief started somewhere with just a few people, and then eventually over hundreds and thousands of years formed the "shared hallucination" that all of mankind have today that Gold and Silver are valuable. This will also happen with Bitcoin over time. The other cryptos will fall away into irrelevance or merely PnD penny stock like crap that no one will have any long term belief in. Oh... what??... I heard some weird clunky scratchy noises on the floor!!! .. Hmmm... I think the r0ach police is coming to install some distrust in your theory!!! ... Run... the precious metal police is coming!! Noble metals aren't money by coincidence or mass hallucination, they're money because the most ideal form of money would be a metastable object 100% convertable to energy like a block of energy from the transformers. Since humans don't have things like that, and it's difficult to transfer buckets of oil around without inducing high counter party risk, the next best thing is a durable, scarce, fungible, portable form of matter because getting rid of counter party risk is an even higher importance than convertibility to energy, and matter is a representation of energy anyway. Out of all the forms of matter on the planet, to connect the past to future in a constant ledger it has to be very durable to transfer generational wealth, so a noble metal generally had to be used over something like...wood. Gold doesn't react to oxygen so it immediately became the #1 candidate as money due to it's stability, but gold alone isn't enough to get rid of counter party risk, so silver is generally always used with it. Even copper will be used to increase granularity further under a full metal standard. As for bitcoin, it's a currency, not money, and does not have the traits to defeat noble metals as the base of Exter's pyramid such as...I don't know...not even existing in the first place except in your imagination. |
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r0ach, what is your general thesis on how the debt bubble will be resolved/play out?
Well, first things first, in a recapitalization scenario the USD would likely lose reserve status so the USD is the big loser no matter what happens when it comes to purchasing power. The reserve would then either shift to gold or SDR. The seigniorage fee on a $100 bill is already enormous. It's something like an 11 cent cost of production representing $100 when paper money has always been a derivative of gold and silver in the past, so they can always just claim the total amount of "SDR" equals the entire world debt then say all USD notes are worth 25% of SDRs, the Yen would be worth 5% or whatever, etc. It's a stupid system that requires a defacto world government and world currency, so as long as just a few big people like Russia resist, we can avoid Jew world order banker enslavement. The next is the scenario they don't want to do but always have planned as a backup: revaluing gold to an enormous level ($10k+) that gets the system out of deflationary collapse. So, basically all that needs to happen is nations like Russia, Iran, and a couple others run out the clock on western Jewish banking to force them to revalue gold, which simultaneously prevents a world govt slave system at the same time. Unlike FOA, I also believe silver will drastically increase in price with gold. Many arab countries and nations like India have huge amounts of gold now, so rather than revaluing gold to $20k an ounce making everyone in India the new kings of the world, they would likely revalue gold to $10k and have silver rise in similar proportion just to prevent places like India from becoming stupidly powerful for no reason. No, "cryptocurrency" is not going to take over anything like Sidhujag claims. Even if you wanted it to (which is a horrible idea), it's far too early in it's evolution with garbage scalability to deal with a kind of imminent world banking collapse problem. It would be like asking an engineer from the year 1700 to design a moon capsule. Physical currency is also a basic human right if there ever was one like the right to defend yourself, so unless they can bring in total oppressive world govt, people are going to be using physical money in some way and never just digital only. You honestly need to be flat out stupid to want a digital only currency since you'll always be at the mercy of whoever runs it, and someone will always run it unlike metals. |
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I think you have no clue what the coordinator does. It does not create TX, does no POW, and does not confirm TX. It decides the growth direction of the DAG.
That sounds like a long-winded mental gymnastics version of the word "convergence" while trying to avoid implying it's artificial convergence lol. |
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>4. Are DAGs the solution?
To an extent. They can replace blockchains, but have their own problems.
This is how I feel about the two DAG coins: First, let's discuss the main problems with Iota vs Byteball:
1) Anti-spam PoW (unprofitable PoW) for emails was entirely designed for one-offs. You put in some labor and the state changes from 0 to 1 once it's been satisfied and this information is now meaningless and can be thrown away afterwards. Satoshi decided that in order to chain the past to the future in a continous ledger, he would need to create a linked list with a get rich quick scheme built on top of it, otherwise there are no incentives for the burden associated with the cost of holding this data forever.
It seems like IOTA was invented (unprofitable PoW) while ignoring everything Satoshi learned needed to be utilized in order to launch the bitcoin scheme. True, Iota could utilize a form of pruning, thus correcting the incentives problem and dragging it back to more like email PoW in nature, but then you have a very fragile, unsound money system with no valid form of state recovery if it goes down.
I'm not saying bitcoin is sound money, because it's not. It doesn't function as a store of value due to price floor being recursive based on it's own demand, meaning you can always mine an endless stream of coins as transaction fees at the new floor and the floor can crater to nothingness at any time unless bitcoin was the unit of account of something (but it never will be since it doesn't function as a store of value - chicken and egg scenario).
Most attempts to increase bitcoin scalability in altcoins, and thus lower redundancy, seem to make it even less sound money where you can no longer trick people into believing it's money at all. People will see how fragile they are and treat them as they should be, just as a throwaway currency like airline miles instead of pretending they are a valid store of value like gold or silver.
As for Byteball:
2) Is there really a purpose in a, hmm how to describe it in general, a branching/multi-threaded/non-linear system like a DAG if you're just using bitshares-style consensus to force convergence and make it linear in a single path again?
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You are all right! This guy (roach) is a disgusting piece of shit. Just ignore him, imo he stand agains everything crypto stands for.
A linked list with a get rich quick scheme built on top of it? |
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I am beyond words.
What would it require for you to be disgusted enough to dump some Monero down to the 38% retracement? |
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To clarify, I think it's probably unlikely bitcoin was made by a single person. There's a few different clues like the early mining being done likely in an .edu or govt computer lab (MIT?)
#InPhysicalSilverWeTrust
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Hey r0ach, are you a listener of Stefan Molyneux?
He's alright, but like most youtube people, they all seem to try and turn themselves into some type of cult figure or celebrity. Usually people who just do print, people like "FSK", are better. Here's an article he did in 2007 that sounds exactly like something a "Satoshi" would write right before creating bitcoin. About midway through he describes bitcoin exactly in detail and this is in the year 2007: http://fskrealityguide.blogspot.com/2007/09/agorist-philosophy-overview.htmlHe's even capable of being Satoshi since he's a programmer specializing in finance, but he later on claimed he hates bitcoin and it's just like fiat paper scams. |
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(((Feminism))) (((Communism))) (((Open borders)))
Testing 1, 2....
Everything appears to be properly categorized there. Further revelations on the subject: Yea, I read that a long time ago. You'll notice it pops up right after the conclusion of WW2 when the Marxist jews took over the world and cites people like (((Mayer Amschel Rothschild))) as some type of hero in the book. It's basically their new "protocols of the elders of zion" for modern times. Whites in high positions go along with the Jew scheme thinking they're in some type of club, but nope; they're just useful idiot Shabbos Goys helping to prop up global Jewish enslavement. Holocaust 2.0 coming soon. |
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The WO thread just got locked. Theymos want to solve the problem of the wonderful rudderless ship.
Lauda is trying to turn the forum into a cuckold convention: Most of the people that you are talking about are cancer, thus they are free to- and more than welcome to leave. Don't get me started on each individual, especially not r0ach.
WTF, I even googled "cuckold" and still have no clue what your trying to say. Cuckolds = people who don't know stuff like this: Yea, I read that a long time ago (although the math and economics in it are retarded). You'll notice it pops up right after the conclusion of WW2 when the Marxist jews took over the world and cites people like (((Mayer Amschel Rothschild))) as some type of hero in the book. It's basically their new "protocols of the elders of zion" for modern times. Whites in high positions go along with the Jew scheme thinking they're in some type of club, but nope; they're just useful idiot Shabbos Goys helping to prop up global Jewish enslavement. Holocaust 2.0 coming soon. |
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Yea, I read that a long time ago (although the math and economics in it are retarded). You'll notice it pops up right after the conclusion of WW2 when the Marxist jews took over the world and cites people like (((Mayer Amschel Rothschild))) as some type of hero in the book. It's basically their new "protocols of the elders of zion" for modern times. Whites in high positions go along with the Jew scheme thinking they're in some type of club, but nope; they're just useful idiot Shabbos Goys helping to prop up global Jewish enslavement. Holocaust 2.0 coming soon. kinda like your bitcoin theory when you were holding at $400-$500(then you finally got a bit of profit and sold at $700 to become the big precious metal shill that you are?)
Stop pretending you know anything about what I am or am not holding. I've been trading crapcoins non-stop ever since halving. I just no longer am a moron who has 100% of their money in cryptocurrency because only idiots do that. Since you're in India or whatever the fuck, you could probably make a lot worse decisions than turning Rupees into bitcoin, but if you live in the US, there's just more options. Things like metals are also WAY cheaper in US dollars than things like Australian or Canadian dollars because the US dollar is overvalued by something like 30% even above it's normal overvaluation. Whether you think dumping dollars while they're at 14 year highs is a great idea or bad idea depends entirely on if you believe in the Armstrong conspiracy nonsense about how everything else but the dollar will go to 0 (yea right). Every nation on earth is gonna walk away from those US denominated debts and service 0 of them. |
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