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2701  Alternate cryptocurrencies / Altcoin Discussion / Re: Best alt-coin to invest in long term? on: February 10, 2016, 09:58:28 PM
You are literally full of crap. Yesterday there was a 300+btc dump on ETH all within a minute, and there was no price movement.

If insiders are buying from themselves, then you can draw absolutely no conclusions from that data.

If you are not an insider and you try to sell 300 BTC of ETH, then you have data that is useful.

Who has sold ETH in large volume here?
2702  Alternate cryptocurrencies / Altcoin Discussion / Re: The altcoin scene is dead - 2016 is all about Blockchain 2.0 services! on: February 10, 2016, 09:49:50 PM
Let's start this by making myself a little less popular, saying: the altcoin scene will die in 2016

It is quite possible that the altcoin market will be devasted by a potential decline of Bitcoin to < $150 and perhaps well below $100, because we have an unexpected global contagion coming that will be worse than 2008 when everything crashed. As we all know, when Bitcoin's price gets a flu, altcoins' prices go into comas.


Are there any exceptions?


Yes, there are!

Coins that offer unique decentralized services, "Blockchain 2.0" or other disrupting technology will be the buy-and-holds for 2016.

Some examples?


- Ethereum | Decentralized software & smart contracts on the blockchain
- Factom | Honesty to record-keeping
- Voxelus | Virtual Reality without coding
- Radium | Decentralized Services on the smartchain
- MaidSafe | Crowd-sourced internet
- Synereo (AMP) | Decentralized social network
- Sia | Decentralized storage

All those coins are doomed to fail due to insoluble fundamental technological issues which they didn't solve which render those coins entirely useless:

https://bitcointalk.org/index.php?topic=1219023.msg13842262#msg13842262
https://bitcointalk.org/index.php?topic=1354274.msg13833591#msg13833591
https://bitcointalk.org/index.php?topic=1219023.msg13043602#msg13043602 (I will be responding to AlanX's post soon)
2703  Alternate cryptocurrencies / Altcoin Discussion / Re: A list of every altcoin whitepaper on: February 10, 2016, 09:38:06 PM
plz sort alphabetically

They are listed in order of ranking on coinmarketcap, i.e. most significant coins downwards.

I careless about that meaningless market cap statistic when insiders are buying from themselves thus pumping up the volume and price.

I care about finding the white papers for the coin I am researching, i.e. alphabetical ranking.
2704  Alternate cryptocurrencies / Altcoin Discussion / Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin? on: February 10, 2016, 09:34:20 PM
The truth about Ethereum, i.e. borderline scam or at least technological incompetence:

Ignore the fud and the hype.  I'm long term excited about this project.

[...]

Even though I think eth will destroy the need and market cap of bitcoin (wait and see).  It won't happen today or tomorrow.  You are buying into a pump.  Wait until things are boring and then don't put off your purchase.

Eth is already better than bitcoin.  People just don't know it yet.  And the ecosystem is coming down the like at an insane rate.  Most popular alts are scams.

Why are you displaying your ignorance about technological issues that you are apparently incapable of comprehending? Even you were in my Reddit thread where I explained it, yet you somehow still are in this delusion that Ethereum is not incompetent.  Huh

Ethereum is not better than any other scam. And it is a borderline scam or at least incompetence masked by technobabble from some young nerds who know some math and programming, but have limited capitulation to reality.

So why are you constantly making threads spreading pointless FUD about ethereum?

Yeah why are you doing that stoat?

And you are lying about my identity and have refused to retract your slander, when I am clearly not the two users you accused me of being and I have even shared my LinkedIn photo and identity.

Why can't you admit that Ethereum's developers suck and after $millions wasted, they still have not solved the most fundamental issue that must be solved in order to make scripting on a block chain work?

The technological challenge with a long-running script on a block chain is verification. The gas (and txn fees) are paid to the winner of the PoW block, not to all miners, but all miners (full nodes) have to endure the SAME cost of verification. Yet not all miners have the same hashrate, thus not all miners have the same income per block. Thus some miners recoup less of their verification costs than other miners. As I explained in greater detail, this forces mining to become 100% centralized in one miner with 100% hashrate.

Ethereum is off on another tangent named Casper, with shards, consensus-by-betting, etc, which is another hopeless and futile attempt to solve a problem that CAN NOT BE SOLVED BECAUSE OF THE INVIOLABLE CAP THEOREM!

Ethereum will never solve this problem and remain decentralized. Never. Thus all the scripts and products being built on top of Ethereum are headed to failure when Ethereum fails to solve the scaling problem of verification in a decentralized manner. Because centralization of scripting is meaningless, we always had that already.

I have solved the problem because I realized verification MUST be centralized (due to the inviolable CAP theorem and the correct understanding that a 100% decentralized system can not solve the Byzantine General's Problem), and thus I instead designed a way to control the centralization of verification with decentralized PoW miners (because each user submits a PoW share with their txn and because PoW mining is rendered UNprofitable for all parties).

So who will be the winner of everything? Me. Not Ethereum. Not to mention that marketing plan is light years ahead of any altcoin, because I will market directly to the millions of masses and achieve millions of adoptions (and be the first coin to do so).

Look I was there at the beginning telling Charles (one of the guys who founded and organized the creation of Ethereum) in Skype that Vitalik's PoW algorithm could be parallelized thus not CPU only, telling him that they could not solve the fundamental problem above, and telling him that they were going to raise too much $ with too many mouths to feed and still wouldn't solve the fundamental problems. Originally Charles was recruiting me to form this company, not Vitalik. But I balked and said I didn't want to raise all that money and I didn't want to start something until I was sure I had solved all fundamental issues. If you don't believe me, go ask Charles.

All the gory details about Ethereum's technical incompetence are here:

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

Enjoy the Ethereum pump while it is hot and while people are ignorant of the truth about the technical incompetence of the Ethereum developers. Eventually the truth will come out and especially when my white papers and coin are released.



Ethereum is off on another tangent named Casper, with shards, consensus-by-betting, etc, which is another hopeless and futile attempt to solve a problem that CAN NOT BE SOLVED BECAUSE OF THE INVIOLABLE CAP THEOREM!

Casper adds Game theory into the mix. You can fool lightweight nodes, but you will lose a lot of money after that. Security deposits solve a lot of problems in real world.

Proof-of-cheating (or by any other name) backed by deposits, is a game theory that leads to centralization. Think it out. It is not really that hard to show that. It has analogous flaws as PoS.

Edit: for n00bs, note that by definition if we will use proof-of-cheating with deposits in Casper (along with consensus-by-betting) to rely on some limited number of nodes with deposits to verify the block chain for us, then those masternodes have the same economic problem that I explained in my prior post and thus the one with the most income is the winner take all, i.e. 100% centralization. There is simply no way to avoid centralization of verification. The solution is the one I have designed and explained and which Ethereum is not implementing.



Quote from: TrashMan
I just don't want the same thing happening to ZCash that happend to ethereum, Vitalik announced a while ago how much Ether the foundation had left and then the price skyrocketed because everybody was waiting for the whales to sell out.

Could you please provide to us a link to this announcement by Vitalik?

How do we know the insiders did not sell to themselves and have (intentionally) created a deception which caused P&D fever?




Let's start this by making myself a little less popular, saying: the altcoin scene will die in 2016

It is quite possible that the altcoin market will be devasted by a potential decline of Bitcoin to < $150 and perhaps well below $100, because we have an unexpected global contagion coming that will be worse than 2008 when everything crashed. As we all know, when Bitcoin's price gets a flu, altcoins' prices go into comas.


Are there any exceptions?


Yes, there are!

Coins that offer unique decentralized services, "Blockchain 2.0" or other disrupting technology will be the buy-and-holds for 2016.

Some examples?


- Ethereum | Decentralized software & smart contracts on the blockchain
- Factom | Honesty to record-keeping
- Voxelus | Virtual Reality without coding
- Radium | Decentralized Services on the smartchain
- MaidSafe | Crowd-sourced internet
- Synereo (AMP) | Decentralized social network
- Sia | Decentralized storage

All those coins are doomed to fail due to insoluble fundamental technological issues which they didn't solve which render those coins entirely useless:

https://bitcointalk.org/index.php?topic=1219023.msg13842262#msg13842262
https://bitcointalk.org/index.php?topic=1354274.msg13833591#msg13833591
https://bitcointalk.org/index.php?topic=1219023.msg13043602#msg13043602 (I will be responding to AlanX's post soon)



So far I see the ethereum blockchain and consensus protocol working fine.

It hasn't been scaled yet. Bitcoin's scalepocalypse will pale in comparison to Ethereum's doom in the wild. Essentially what Ethereum is designing with Casper is a technobabble wrapper around centralized verification, because either they know that verification can't be decentralized (as I have explained), or they are determined to delude themselves otherwise (with the result being the centralization occurs anyway).

With centralization, Ehereum can scale except note that will be viewed as a failure by the market, unless verification centralization can be hidden behind Sybil attacks on the verification nodes (meaning no one can prove that a 1000 nodes aren't controlled by the same entity). I have a strong suspicion that is why Ethereum is being funded by Peter Thiel and other banksters, because they understand Ethereum is a way for them to control without being detected. Satoshi had prevented this outcome in Bitcoin by setting the maximum block size to 1MB, which thus restricted verification from centralizing entirely (yet it will still be impossible to prevent Bitcoin Classic from centralizing due to the other economics of profitable PoW mining).

But centralization always leads to failure. So ultimately this will fail sooner or later.

And what I see from you is just a load of wild claims.

That is because you are n00b and you can't understand the technological arguments. The points I have made are not wild at all. Do you realize I was probably the first person to predict Bitcoin's scalepocalypse in 2013 as ArticMine graciously admits today:

I introduced this concept in 2013 in my thread Spiraling Transaction Fees and I nailed the block size as the fundamental issue in my last post in that 2013 thread.

Seems stoat you had no clue how long I have been here in this forum and doing serious technological research.
2705  Alternate cryptocurrencies / Altcoin Discussion / Re: EHEREUM SCAM EXPOSED: Garage In The Woods Operation on: February 10, 2016, 09:32:34 PM
The truth about Ethereum, i.e. borderline scam or at least technological incompetence:

Ignore the fud and the hype.  I'm long term excited about this project.

[...]

Even though I think eth will destroy the need and market cap of bitcoin (wait and see).  It won't happen today or tomorrow.  You are buying into a pump.  Wait until things are boring and then don't put off your purchase.

Eth is already better than bitcoin.  People just don't know it yet.  And the ecosystem is coming down the like at an insane rate.  Most popular alts are scams.

Why are you displaying your ignorance about technological issues that you are apparently incapable of comprehending? Even you were in my Reddit thread where I explained it, yet you somehow still are in this delusion that Ethereum is not incompetent.  Huh

Ethereum is not better than any other scam. And it is a borderline scam or at least incompetence masked by technobabble from some young nerds who know some math and programming, but have limited capitulation to reality.

So why are you constantly making threads spreading pointless FUD about ethereum?

Yeah why are you doing that stoat?

And you are lying about my identity and have refused to retract your slander, when I am clearly not the two users you accused me of being and I have even shared my LinkedIn photo and identity.

Why can't you admit that Ethereum's developers suck and after $millions wasted, they still have not solved the most fundamental issue that must be solved in order to make scripting on a block chain work?

The technological challenge with a long-running script on a block chain is verification. The gas (and txn fees) are paid to the winner of the PoW block, not to all miners, but all miners (full nodes) have to endure the SAME cost of verification. Yet not all miners have the same hashrate, thus not all miners have the same income per block. Thus some miners recoup less of their verification costs than other miners. As I explained in greater detail, this forces mining to become 100% centralized in one miner with 100% hashrate.

Ethereum is off on another tangent named Casper, with shards, consensus-by-betting, etc, which is another hopeless and futile attempt to solve a problem that CAN NOT BE SOLVED BECAUSE OF THE INVIOLABLE CAP THEOREM!

Ethereum will never solve this problem and remain decentralized. Never. Thus all the scripts and products being built on top of Ethereum are headed to failure when Ethereum fails to solve the scaling problem of verification in a decentralized manner. Because centralization of scripting is meaningless, we always had that already.

I have solved the problem because I realized verification MUST be centralized (due to the inviolable CAP theorem and the correct understanding that a 100% decentralized system can not solve the Byzantine General's Problem), and thus I instead designed a way to control the centralization of verification with decentralized PoW miners (because each user submits a PoW share with their txn and because PoW mining is rendered UNprofitable for all parties).

So who will be the winner of everything? Me. Not Ethereum. Not to mention that marketing plan is light years ahead of any altcoin, because I will market directly to the millions of masses and achieve millions of adoptions (and be the first coin to do so).

Look I was there at the beginning telling Charles (one of the guys who founded and organized the creation of Ethereum) in Skype that Vitalik's PoW algorithm could be parallelized thus not CPU only, telling him that they could not solve the fundamental problem above, and telling him that they were going to raise too much $ with too many mouths to feed and still wouldn't solve the fundamental problems. Originally Charles was recruiting me to form this company, not Vitalik. But I balked and said I didn't want to raise all that money and I didn't want to start something until I was sure I had solved all fundamental issues. If you don't believe me, go ask Charles.

All the gory details about Ethereum's technical incompetence are here:

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

Enjoy the Ethereum pump while it is hot and while people are ignorant of the truth about the technical incompetence of the Ethereum developers. Eventually the truth will come out and especially when my white papers and coin are released.




Quote from: TrashMan
I just don't want the same thing happening to ZCash that happend to ethereum, Vitalik announced a while ago how much Ether the foundation had left and then the price skyrocketed because everybody was waiting for the whales to sell out.

Could you please provide to us a link to this announcement by Vitalik?

How do we know the insiders did not sell to themselves and have (intentionally) created a deception which caused P&D fever?
2706  Alternate cryptocurrencies / Altcoin Discussion / Re: [ETH] Ethereum = Scam on: February 10, 2016, 09:31:24 PM
The truth about Ethereum, i.e. borderline scam or at least technological incompetence:

Ignore the fud and the hype.  I'm long term excited about this project.

[...]

Even though I think eth will destroy the need and market cap of bitcoin (wait and see).  It won't happen today or tomorrow.  You are buying into a pump.  Wait until things are boring and then don't put off your purchase.

Eth is already better than bitcoin.  People just don't know it yet.  And the ecosystem is coming down the like at an insane rate.  Most popular alts are scams.

Why are you displaying your ignorance about technological issues that you are apparently incapable of comprehending? Even you were in my Reddit thread where I explained it, yet you somehow still are in this delusion that Ethereum is not incompetent.  Huh

Ethereum is not better than any other scam. And it is a borderline scam or at least incompetence masked by technobabble from some young nerds who know some math and programming, but have limited capitulation to reality.

So why are you constantly making threads spreading pointless FUD about ethereum?

Yeah why are you doing that stoat?

And you are lying about my identity and have refused to retract your slander, when I am clearly not the two users you accused me of being and I have even shared my LinkedIn photo and identity.

Why can't you admit that Ethereum's developers suck and after $millions wasted, they still have not solved the most fundamental issue that must be solved in order to make scripting on a block chain work?

The technological challenge with a long-running script on a block chain is verification. The gas (and txn fees) are paid to the winner of the PoW block, not to all miners, but all miners (full nodes) have to endure the SAME cost of verification. Yet not all miners have the same hashrate, thus not all miners have the same income per block. Thus some miners recoup less of their verification costs than other miners. As I explained in greater detail, this forces mining to become 100% centralized in one miner with 100% hashrate.

Ethereum is off on another tangent named Casper, with shards, consensus-by-betting, etc, which is another hopeless and futile attempt to solve a problem that CAN NOT BE SOLVED BECAUSE OF THE INVIOLABLE CAP THEOREM!

Ethereum will never solve this problem and remain decentralized. Never. Thus all the scripts and products being built on top of Ethereum are headed to failure when Ethereum fails to solve the scaling problem of verification in a decentralized manner. Because centralization of scripting is meaningless, we always had that already.

I have solved the problem because I realized verification MUST be centralized (due to the inviolable CAP theorem and the correct understanding that a 100% decentralized system can not solve the Byzantine General's Problem), and thus I instead designed a way to control the centralization of verification with decentralized PoW miners (because each user submits a PoW share with their txn and because PoW mining is rendered UNprofitable for all parties).

So who will be the winner of everything? Me. Not Ethereum. Not to mention that marketing plan is light years ahead of any altcoin, because I will market directly to the millions of masses and achieve millions of adoptions (and be the first coin to do so).

Look I was there at the beginning telling Charles (one of the guys who founded and organized the creation of Ethereum) in Skype that Vitalik's PoW algorithm could be parallelized thus not CPU only, telling him that they could not solve the fundamental problem above, and telling him that they were going to raise too much $ with too many mouths to feed and still wouldn't solve the fundamental problems. Originally Charles was recruiting me to form this company, not Vitalik. But I balked and said I didn't want to raise all that money and I didn't want to start something until I was sure I had solved all fundamental issues. If you don't believe me, go ask Charles.

All the gory details about Ethereum's technical incompetence are here:

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

Enjoy the Ethereum pump while it is hot and while people are ignorant of the truth about the technical incompetence of the Ethereum developers. Eventually the truth will come out and especially when my white papers and coin are released.
2707  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't buy eth right now. on: February 10, 2016, 09:27:17 PM
Ignore the fud and the hype.  I'm long term excited about this project.

[...]

Even though I think eth will destroy the need and market cap of bitcoin (wait and see).  It won't happen today or tomorrow.  You are buying into a pump.  Wait until things are boring and then don't put off your purchase.

Eth is already better than bitcoin.  People just don't know it yet.  And the ecosystem is coming down the like at an insane rate.  Most popular alts are scams.

Why are you displaying your ignorance about technological issues that you are apparently incapable of comprehending? Even you were in my Reddit thread where I explained it, yet you somehow still are in this delusion that Ethereum is not incompetent.  Huh

Ethereum is not better than any other scam. And it is a borderline scam or at least incompetence masked by technobabble from some young nerds who know some math and programming, but have limited capitulation to reality.

So why are you constantly making threads spreading pointless FUD about ethereum?

Yeah why are you doing that stoat?

And you are lying about my identity and have refused to retract your slander, when I am clearly not the two users you accused me of being and I have even shared my LinkedIn photo and identity.

Why can't you admit that Ethereum's developers suck and after $millions wasted, they still have not solved the most fundamental issue that must be solved in order to make scripting on a block chain work?

The technological challenge with a long-running script on a block chain is verification. The gas (and txn fees) are paid to the winner of the PoW block, not to all miners, but all miners (full nodes) have to endure the SAME cost of verification. Yet not all miners have the same hashrate, thus not all miners have the same income per block. Thus some miners recoup less of their verification costs than other miners. As I explained in greater detail, this forces mining to become 100% centralized in one miner with 100% hashrate.

Ethereum is off on another tangent named Casper, with shards, consensus-by-betting, etc, which is another hopeless and futile attempt to solve a problem that CAN NOT BE SOLVED BECAUSE OF THE INVIOLABLE CAP THEOREM!

Ethereum will never solve this problem and remain decentralized. Never. Thus all the scripts and products being built on top of Ethereum are headed to failure when Ethereum fails to solve the scaling problem of verification in a decentralized manner. Because centralization of scripting is meaningless, we always had that already.

I have solved the problem because I realized verification MUST be centralized (due to the inviolable CAP theorem and the correct understanding that a 100% decentralized system can not solve the Byzantine General's Problem), and thus I instead designed a way to control the centralization of verification with decentralized PoW miners (because each user submits a PoW share with their txn and because PoW mining is rendered UNprofitable for all parties).

So who will be the winner of everything? Me. Not Ethereum. Not to mention that marketing plan is light years ahead of any altcoin, because I will market directly to the millions of masses and achieve millions of adoptions (and be the first coin to do so).

Look I was there at the beginning telling Charles (one of the guys who founded and organized the creation of Ethereum) in Skype that Vitalik's PoW algorithm could be parallelized thus not CPU only, telling him that they could not solve the fundamental problem above, and telling him that they were going to raise too much $ with too many mouths to feed and still wouldn't solve the fundamental problems. Originally Charles was recruiting me to form this company, not Vitalik. But I balked and said I didn't want to raise all that money and I didn't want to start something until I was sure I had solved all fundamental issues. If you don't believe me, go ask Charles.

All the gory details about Ethereum's technical incompetence are here:

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

Enjoy the Ethereum pump while it is hot and while people are ignorant of the truth about the technical incompetence of the Ethereum developers. Eventually the truth will come out and especially when my white papers and coin are released.



Quote from: TrashMan
I just don't want the same thing happening to ZCash that happend to ethereum, Vitalik announced a while ago how much Ether the foundation had left and then the price skyrocketed because everybody was waiting for the whales to sell out.

Could you please provide to us a link to this announcement by Vitalik?

How do we know the insiders did not sell to themselves and have (intentionally) created a deception which caused P&D fever?
2708  Alternate cryptocurrencies / Altcoin Discussion / Re: Proposal: rename altcoin discussion to sour grapes discussion on: February 10, 2016, 09:03:33 PM
So why are you constantly making threads spreading pointless FUD about ethereum?

Yeah why are you doing that stoat?

And you are lying about my identity and have refused to retract your slander, when I am clearly not the two users you accused me of being and I have even shared my LinkedIn photo and identity.

Why can't you admit that Ethereum's developers suck and after $millions wasted, they still have not solved the most fundamental issue that must be solved in order to make scripting on a block chain work?

The technological challenge with a long-running script on a block chain is verification. The gas (and txn fees) are paid to the winner of the PoW block, not to all miners, but all miners (full nodes) have to endure the SAME cost of verification. Yet not all miners have the same hashrate, thus not all miners have the same income per block. Thus some miners recoup less of their verification costs than other miners. As I explained in greater detail, this forces mining to become 100% centralized in one miner with 100% hashrate.

Ethereum is off on another tangent named Casper, with shards, consensus-by-betting, etc, which is another hopeless and futile attempt to solve a problem that CAN NOT BE SOLVED BECAUSE OF THE INVIOLABLE CAP THEOREM!

Ethereum will never solve this problem and remain decentralized. Never. Thus all the scripts and products being built on top of Ethereum are headed to failure when Ethereum fails to solve the scaling problem of verification in a decentralized manner. Because centralization of scripting is meaningless, we always had that already.

I have solved the problem because I realized verification MUST be centralized (due to the inviolable CAP theorem and the correct understanding that a 100% decentralized system can not solve the Byzantine General's Problem), and thus I instead designed a way to control the centralization of verification with decentralized PoW miners (because each user submits a PoW share with their txn and because PoW mining is rendered UNprofitable for all parties).

So who will be the winner of everything? Me. Not Ethereum. Not to mention that marketing plan is light years ahead of any altcoin, because I will market directly to the millions of masses and achieve millions of adoptions (and be the first coin to do so).

Look I was there at the beginning telling Charles (one of the guys who founded and organized the creation of Ethereum) in Skype that Vitalik's PoW algorithm could be parallelized thus not CPU only, telling him that they could not solve the fundamental problem above, and telling him that they were going to raise too much $ with too many mouths to feed and still wouldn't solve the fundamental problems. Originally Charles was recruiting me to form this company, not Vitalik. But I balked and said I didn't want to raise all that money and I didn't want to start something until I was sure I had solved all fundamental issues. If you don't believe me, go ask Charles.

All the gory details about Ethereum's technical incompetence are here:

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

Enjoy the Ethereum pump while it is hot and while people are ignorant of the truth about the technical incompetence of the Ethereum developers. Eventually the truth will come out and especially when my white papers and coin are released.

Edit: r0ach has also explained what I've been pointing out about Ethereum for more than a month.
2709  Economy / Economics / Re: Economic Totalitarianism on: February 10, 2016, 12:33:25 PM
China kidnapping dissidents in foreign lands:

http://www.usatoday.com/story/news/world/2016/02/09/chinas-message-dissenters-flee-if-you-dare/80043556/#

http://www.theguardian.com/world/2016/feb/10/hong-kongs-business-community-freaking-out-over-chinas-crackdown

China appears determined to prevent a contagion of bad news that could send their currency and economy tumbling.
2710  Economy / Economics / Re: Martin Armstrong Discussion on: February 10, 2016, 11:32:10 AM
MA has rebuffed sloanf using the explanation that I gave upthread:

QUESTION:

Dear Marty,

When talking about negative interest rates and a shift of cash from banks to the stock market from 2017, would that not mean that cash may also shift to property and other assets? Yet I thought that we have seen the high in the property market already?

Thanks for your useful insights as ever

SP



ANSWER: Real estate has peaked in REAL TERMS. The sub-prime market that made the high in 2007 was not exceeded. The secondary rally into 2015 was the high-end, so we now have the IRS targeting NYC and Miami in their hunt for money.

The high-end will now decline. The average home will make the transition, but will not be making new highs. In real terms, the high is in. Real estate varies tremendously based upon location. This is due to capital inflows that drive certain markets like Vancouver and Toronto in Canada or New York and Miami in the States. Washington, D.C., held up in 2007-2009 because politicians did not want to lose their jobs. Taxes will also prevent real estate from reaching new highs in “real terms.”

In nominal terms, some areas will make the transition to new currencies; the movable assets will appreciate the most. Those are the assets that you do not have make annual payments on to hold them annually.

We also have a collapse in long-term interest rates to the point that banks do not want to write 30-year mortgages anymore. As that long-term view collapses, so does the leverage. That will cause housing to decline in “real terms.”

Note also the hint above that capital may rush into movable assets, so that could possibly include crypto currency instead of just gold and rare collectables.

In another blog post today, MA explains how fucked up 2017 - 2020 will be:


We are on the precipice of what can  only be described as rising systemic risk for all markets. The Fed is now hinting that banks should prepare for NEGATIVE INTEREST RATES and this insanity of following the crowd if undermining the entire world economy. The increasingly unstable footing that we find ourselves is reflected in widening credit spreads demonstrating that CONFIDENCE is indeed collapsing. Even Goldman Sachs closed out its long-USD trade against a basket of Euro and Japanese yen with a potential loss of around 5% which is being bantered about on the street. This early 2016 destabilization is stopping out short gold positions but not replacing them with any buying conviction while the Euro trade of long Italian 5 year against short German 5 year has also turned into a blood-bath.

Global economic growth has been anemic at best but it is clearing turning down since 2015.75. This new world order of NEGATIVE INTEREST RATES is so insane and focused solely on trying to stimulate borrowing, it is undermining pensions and the elderly creating an economic storm of the century on the horizon, which is far worse that the Great Depression of the 1930s. Even the Japanese 10 Year bond has gone NEGATIVE demonstrating the total collapse in CONFIDENCE. Why you ask?  Because this time the defaults engulf all governments and at all levels. Like a drunk who just won the lottery, all is always lost in just a matter of time.

Bankers in German and Italian banking are looking pale in the face. The question is will the ECB bailout Deutsche Bank or let it fall? They will probably blink and this will be part bail-out/bail-in. They have no way out of this mess created by the Euro. We are looking at a European credit crunch beginning in the periphery and spreading to the core just as we are looking at emerging market debt imploding and spreading to the rest of the world. The Fed now sees the external threat as systemic and is considering abandoning domestic policy objectives for international policy objectives precisely as they did in 1927 which created a major crisis.

Underlined above, MA is explaining the reason the potential low for gold being moved forward and/or the renewed USD and US stock market PHASE TRANSITION being delayed to 2017.

Note this "mid-benchmark" rally for Gold was a scenario in MA's paid gold reports:


Gold on Track for the Mid-Benchmark Rally

COMMENT: Mr. Armstrong, I attended the Berlin Conference and I must say, you told us to expect a move between the Benchmarks in gold, and that the first quarter looked to be a countertrend move.

The forecast array picked February 8th for a turning point. So far so good.

Caution is clearly necessary. the Daily Bearish is now 1124 so it is still quite away. With two Directional Changes back to back, and this week was the Panic Cycle, we still have to be careful here for further upside remains possible only with a daily closing above the 1208 level, which would need the Euro to rise, dollar to fall, and the share Dow to make new lows. Pressing everything to the extreme get everyone off-side and separates the fools quickly from their money. There is NOTHING to trade on without a reversal matched with time. Selling the high with a stop above 1209 in a quick play, but you also have to be very nimble.

We are not facing a major change in trend in all these markets. This is the push to create that FALSE MOVE before everything goes completely nuts. So keep the power-dry. Time is required  before taking action. In gold, we need to see February close above $1208 to take this serious. But that in isolation would not unfold. Plus, the targets for the rally have been here in mid February with high volatility building thereafter. With the Fed now considering NEGATIVE INTEREST RATES, this is in itself warning that the deflation is expanding.

Deutsche(Douche-Bag)Bank is making new lows if viewed in international currency (not domestic which is the error sloanf made on real estate):



2711  Alternate cryptocurrencies / Altcoin Discussion / Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin? on: February 10, 2016, 10:48:08 AM
The first draft specification for my Shazam encryption function is complete and will deployed in my upcoming (much improved over Scrypt and my prior design from 2013) sequential memory hard PoW hash function (note Shazam is a simple tweak of ChaCha so it isn't like I invented much for Shazam, but I did need to analyze and assimilate several issues as stated in the specification ... also included my formerly unpublished security analysis of ARX from 2013):

Code:
/*
Shazam is a fast 1024-bit (128B) encryption function. Shazam has the following
attributes— which are required[1] for use in constructing sequential memory-hard
functions¹; and which are not sufficient to make Shazam a secure stream cipher
nor a cryptographic hash function[2]:

  1. The outputs are uniformly distributed.
  2. Per instance computation can’t be significantly accelerated by more
     internal parallelism than can be exploited on CPUs nor by precomputation of
     a limited-space data structure.
  3. Computation of any segment of the output can’t be significantly faster
     than computing the entire output.
  4. Maximizes the ratio of the output length to the execution speed.

For security against the structure around the matrix diagonal which passes
through[3] the Salsa20 and ChaCha block function, the first use of Shazam in a
chain of hashes should employ input constants[4].

ChaCha[5] seems best fit to these requirements; and compared to Salsa20 (and its
impressive visualized diffusion[8]), ChaCha has 50% greater bit diffusion[6],
updating each 32-bit doubleword twice per quarter-round, equivalent security yet
requiring one less round[9], and equivalent or faster per-round execution speed.
Same as for Salsa20, each ChaCha quarter-round is a confusion-and-diffusion[10]
block function that employs (48 per round, i.e. 16 each of) 32-bit
add-rotate-xor (ARX) operations.

Salsa20 alternates row and column rounds which required a slow matrix transpose
between rounds (i.e. swapping rows and columns across the diagonal) for naive
SIMD vector implementations. ChaCha incorporates an optimization[7] first
discovered for Salsa20[11] that instead rotates each column (except the first)
by multiples of the 32-bit doublewords; which is a faster operation on SIMD
registers than swapping. The slow inverse mapping to generate the final
output[11] is eliminated in ChaCha[7].

Rotate operations on SIMD registers are typically only fast for multiples of
8-bits (one byte). Although ChaCha has one each of (multiple of a byte) 16-bit
and 8-bit rotate operations that Salsa20 didn’t, the other two rotate operations
per quarter-round are (12-bit and 7-bit which are) not multiples of a byte. To
maximize the ratio in requirement #4 and enable all rotate operations to be a
multiple of a byte, Shazam widens ChaCha from 512-bit to 1024-bit by increasing
the 32-bit doublewords to 64-bit quadwords. Thus the chosen rotate operations
are 32-bit, 24-bit, 16-bit, and 8-bit per quarter-round. Most recent mobile ARM
processors have the NEON SIMD feature which provides sixteen 128-bit SIMD
registers comprising two 64-bit quadwords. Thus two instances of Shazam per core
(or per hyperthread for Intel CPUs) can be executed in parallel. NEON provides
the VTBL instruction[12] for (multiple of a byte) rotates on 64-bit quadwords.
ARM’s Advanced SIMD doubles the number of 128-bit SIMD registers and Intel’s
AVX2 doubles the SIMD registers’ width to 256-bit; and thus can execute in
parallel four instances of Shazam per core (or per hyperthread).

The widening to 256-bit registers can be implemented on AVX2 for column rotates
(of the four 64-bit quadwords) with a single instruction per column. On ARM NEON
the maximum register size is 128-bit so each column rotate can’t be accomplished
with one instruction because the VTBL instruction has only a 64-bit quadword
output. The third column rotate can be accomplished with a single VSWP
instruction, and the second and fourth columns each with two VSWP instructions.
Note the definition of the terms ‘quadword’ and ‘doubleword’ are different for
AVX2 and NEON; and this document adopts the AVX2 definition where quadwords are
four 16-bit words and doublewords are two 16-bit words.

________________________________________________________________________________
¹ A sequential memory-hard function is typically one-way and has uniformly
  distributed, constant length outputs; and is a non-invertible hash function
  only if the input is variable-length because variable-length input is the
  definition of a hash function.

ARX Security

ARX operations are employed in some block encryption algorithms, because they
are relatively fast in software on general purpose CPUs and reasonable
performance on dedicated hardware circuits, and also because they run in
constant time, and therefore immune to timing attacks.

Rotational cryptanalysis attempts to attack encryption functions that employ ARX
operations. Salsa and ChaCha employ input constants to defeat such attacks[3].

Addition and multiplication modulo (2ⁿ-1) diffuse through high bits but set low
bits to 0. Without shuffles or rotation permutation to diffuse changes from high
to low bits, addition and multiplication modulo (2ⁿ-1) can be broken with low
complexity working from the low to the high bits[13].

The overflow carry bit, i.e. addition modulo ∞ minus addition modulo (2ⁿ-1),
obtains the value 0 or 1 with equal probability, thus addition modulo (2ⁿ-1) is
discontinuous—i.e. defeats linearity over the ring Z/2ⁿ[17]—because the carry
is 1 in half of the instances[14] and defeats linearity over the ring Z/2[16]
because the low bit of both operands is 1 in one-fourth of the instances.

The number of overflow high bits in multiplication modulo ∞ minus multiplication
modulo (2ⁿ-1) depends on the highest set bits of the operands, thus
multiplication modulo (2ⁿ-1) defeats linearity over the range of rings Z/2 to
Z/2ⁿ.

Logical exclusive-or defeats linearity over the ring Z/2ⁿ always[16] because it
is not a linear function operator.

Each multiplication modulo ∞ amplifies the amount diffusion and confusion
provided by each addition. For example, multiplying any number by 23 is
equivalent to the number multiplied by 16 added to the number multiplied by 4
added to the number multiplied by 2 added to the number. This is recursive since
multiplying the number by 4 is equivalent to the number multiplied by 2 added to
the number multiplied by 2. Addition of a number with itself is equivalent to a
1-bit left shift or multiplication by 2. Multiplying any variable number by
another variable number creates additional confusion.

Multiplication defeats rotational cryptoanalysis[15] because unlike for
addition, rotation of the multiplication of two operands never distributes over
the operands, i.e. is not equal to the multiplication of the rotated operands.
A proof is that rotation is equivalent to the exclusive-or of left and right
shifts. Left and right shifts are equivalent to multiplication and division by a
factor of 2, which don’t distribute over multiplication, e.g.
(8 × 8) × 2 ≠ (8 × 2) × (8 × 2) and (8 × 8) ÷ 2 ≠ (8 ÷ 2) × (8 ÷ 2). Addition
modulo ∞ is always distributive over rotation[17] because addition distributes
over multiplication and division e.g. (8 + 8) ÷ 2 = (8 ÷ 2) + (8 ÷ 2). Due to
the aforementioned non-linearity over Z/2ⁿ due to carry, addition modulo (2ⁿ-1)
is only distributive over rotation with a probability 1/4 up to 3/8 depending on
the relative number of bits of rotation[15][18].

However, multiplication modulo (2ⁿ-1) sets all low bits to 0,
orders-of-magnitude more frequently than addition modulo (2ⁿ-1)— a degenerate
result that squashes diffusion and confusion.

References

[1] C. Percival, “Stronger Key Derivation Via Sequential Memory-Hard Functions”,
    pg. 9: http://www.tarsnap.com/scrypt/scrypt.pdf#page=9

[2] Stream cipher security considerations for Salsa20 aren’t required, c.f.
    D. Berstein, “Salsa20 security”: https://cr.yp.to/snuffle/security.pdf

    Cryptographic hash function security considerations aren’t required[1].

[3] D. Berstein, “Salsa20 security”, §4 Notes on the diagonal constants, pg. 4:
    https://cr.yp.to/snuffle/security.pdf#page=4

    J. Hernandez-Castro et al, “On the Salsa20 Core Function”, §4 Conclusions,
    pg. 6: https://www.iacr.org/archive/fse2008/50860470/50860470.pdf#page=6

[4] Y. Nir et al, “ChaCha20 and Poly1305 for IETF Protocols”, IRTF RFC 7539,
    §2.3. The ChaCha20 Block Function, pg. 7:
    https://tools.ietf.org/html/rfc7539#page-7

[5] D. Berstein, “ChaCha, a variant of Salsa20”:
    http://cr.yp.to/chacha/chacha-20080128.pdf

[6] D. Berstein, “ChaCha, a variant of Salsa20”, pg. 3:
    http://cr.yp.to/chacha/chacha-20080128.pdf#page=3

[7] D. Berstein, “ChaCha, a variant of Salsa20”, pg. 5:
    http://cr.yp.to/chacha/chacha-20080128.pdf#page=5

[8] https://cr.yp.to/snuffle/diffusion.html

[9] https://en.wikipedia.org/w/index.php?title=Salsa20&oldid=703900109#ChaCha_variant

[10] http://en.wikipedia.org/wiki/Confusion_and_diffusion

     http://www.theamazingking.com/crypto-block.php

     H. Feistel, “Cryptography and Computer Privacy”, Scientific American,
     Vol. 228, No. 5, 1973:
     http://apprendre-en-ligne.net/crypto/bibliotheque/feistel/

[11] P. Mabin Joseph et al, “Exploiting SIMD Instructions in Modern
     Microprocessors to Optimize the Performance of Stream Ciphers”, IJCNIS
     Vol. 5, No. 6, pp. 56-66, §C. Salsa 20/12, pg. 61:
     http://www.mecs-press.org/ijcnis/ijcnis-v5-n6/IJCNIS-V5-N6-8.pdf#page=6

[12] “ARM Compiler toolchain Assembler Reference”, §4.4.9 VTBL, VTBX, pg. 224:
     http://infocenter.arm.com/help/topic/com.arm.doc.dui0489f/DUI0489F_arm_assembler_reference.pdf#page=224

     T. Terriberry, “SIMD Assembly Tutorial: ARM NEON”,
     §Byte Permute Instructions, pg. 53:
     http://people.xiph.org/~tterribe/daala/neon_tutorial.pdf#page=53

[13] D. Khovratovich et al, “Rotational Cryptanalysis of ARX”,
     §2 Related Work, pg. 2:
     https://www.iacr.org/archive/fse2010/61470339/61470339.pdf#page=2

[14] D. Khovratovich et al, “Rotational Cryptanalysis of ARX”,
     §6 Cryptanalysis of generic AR systems, pg. 10:
     https://www.iacr.org/archive/fse2010/61470339/61470339.pdf#page=10

[15] D. Khovratovich et al, “Rotational Cryptanalysis of ARX”,
     §3 Review of Rotational Cryptanalysis, pg. 3:
     https://www.iacr.org/archive/fse2010/61470339/61470339.pdf#page=3

[16] D. Berstein, “Salsa20 design”, §2 Operations:
     https://cr.yp.to/snuffle/design.pdf

[17] M. Daum, “Cryptanalysis of Hash Functions of the MD4-Family”,
     §4.1 Links between Different Kinds of Operations, pg. 40:
     www-brs.ub.ruhr-uni-bochum.de/netahtml/HSS/Diss/DaumMagnus/diss.pdf#page=48

[18] M. Daum, “Cryptanalysis of Hash Functions of the MD4-Family”,
     §4.1.3 Modular Additions and Bit Rotations, Corollary 4.12, pg. 47:
     www-brs.ub.ruhr-uni-bochum.de/netahtml/HSS/Diss/DaumMagnus/diss.pdf#page=55
*/
2712  Alternate cryptocurrencies / Altcoin Discussion / Re: Reddit Censors Bitcoin 2.0 on: February 10, 2016, 10:17:15 AM
I am a firm believer in the Ripple protocol and as such many of my posts are unpopular.

That is evidence that your technical skills are inadequate (or at least were when you posted that), because Ripple's consensus algorithm diverges:

Interestingly Stellar diverged when it was formely using Ripple's consensus protocol, as I stated upthread would be the case:

Stellar’s original system was modeled on one developed at the startup Ripple Labs, which is using it to help banks and other financial organizations move money faster (see “50 Smartest Companies 2014: Ripple Labs”).

Last year Stellar’s Ripple-consensus system unexpectedly “forked” into two networks that disagreed on which transactions were valid, and several hours’ worth of transactions got rolled back. Mazières says his new system avoids the part of the design that caused that problem.
2713  Alternate cryptocurrencies / Altcoin Discussion / Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin? on: February 10, 2016, 10:01:51 AM
I suspect
Benthach and spoetnik are both tptbneedwar alt accounts.  Just 3 different personalities of the same unhinged loon

This is slander against my reputation. If you don't retract this, I will put negative trust on your profile.

I am absolutely not either of those accounts. I demand a retraction from you.

I have pointed out the engineering reasons that Ethereum is fundamentally flawed. I have nothing to do with the weak arguments of those two clowns.
2714  Alternate cryptocurrencies / Altcoin Discussion / Re: Should the altcoin section be renamed the TPTB_need_war Discussion section? on: February 10, 2016, 10:00:58 AM
I suspect
Benthach and spoetnik are both tptbneedwar alt accounts.  Just 3 different personalities of the same unhinged loon

This is slander against my reputation. If you don't retract this, I will put negative trust on your profile.

I am absolutely not either of those accounts. I demand a retraction from you.

I have pointed out the engineering reasons that Ethereum is fundamentally flawed. I have nothing to do with the weak arguments of those two clowns.
2715  Alternate cryptocurrencies / Altcoin Discussion / Re: [ETH] Ethereum = Scam on: February 10, 2016, 09:59:58 AM
I suspect
Benthach and spoetnik are both tptbneedwar alt accounts.  Just 3 different personalities of the same unhinged loon

This is slander against my reputation. If you don't retract this, I will put negative trust on your profile.

I am absolutely not either of those accounts. I demand a retraction from you.

I have pointed out the engineering reasons that Ethereum is fundamentally flawed. I have nothing to do with the weak arguments of those two clowns.
2716  Alternate cryptocurrencies / Altcoin Discussion / Re: Satoshi didn't solve the Byzantine generals problem on: February 10, 2016, 07:56:14 AM
Well they are indication, just not conclusive evidence, since they can be natural or faked (at a cost)

smooth in Bill Clinton mode.

They can also be an indication of deception to confuse when there are actually attacks ongoing, which was CfB's correct point.

Good thing we do not have any such confusion then!

It seems no one is interested in spending money to create confusion about attacks they aren't performing.

Obviously if block chain observers are using the presence of ephemeral forks (i.e. orphaned chains) which are outside the normal variance threshold window of orphaned chains, then attackers may be financially motivated to created ephemeral forks which are not attacks. How did you measure that an attack is an attack again Wink (you objectively can't!)

And don't tell me that they waste resources, because 1) the profitability or justification for hiding the attack may be sufficient to do so, 2) by doing so gradually they can raise the normal variance threshold (see #c below) thus forcing the system to require more confirmations or rely on less than confirmed probabilities, and even if not then 3) remember they may be able to charge those resources to collective, e.g. how you and I proved recently that the Chinese mining cartel (which control 67% of Bitcoin's hashrate) is lying (and thus we can assume there is some massive high-level corruption going on, possibly stealing Three Gorge's Dam electricity at no cost).

But lack of ephemeral forks is conclusive evidence of lack of an attack, subject to the (reasonable) conditions I stated above.

Wrong again. Example, Finney attack. Example, a double-spend that falls within the expected number of confirmations of normal orphan rate.

And censored transactions with ongoing 51% attack where there are no forks other than normal ones with the expected number of confirmations of normal orphan rate.

A Finley "attack" does not exist in the system as defined by the white paper, where PoW defines ordering (as opposed to mint timestamps as described in section 2). If people want to be dumb and rely on zero conf in Bitcoin, they are attacking themselves.

Several rebuttal points:

a) In fact most of the Bitcoin use relies on 0-confirmations. I've been selling BTC to rebit.ph lately, and the transactions confirm within seconds of the transaction being sent.

b) As I wrote before and you ignored, even relying on multiple confirmations may be within the normal variance window for orphaned chains.

c) An attacker can drive the normal variance window upwards as high as he wants to. This is the analogous mistake/myopia you Monero guys made on your math for what you erroneously claimed fixed the block chain size Tragedy of the Commons.

d) You ignored my point about ongoing 51% attack which is not an ephemeral fork but rather is the longest chain.

Sorry! There is no such objectivity in Satoshi's PoW other than the longest chain rule (LCR). Period!

Eventually you will learn to respect the research I've done on this matter.
2717  Alternate cryptocurrencies / Altcoin Discussion / Re: Technology AND marketing of decentralized crypto on: February 10, 2016, 06:55:29 AM
I am proposing a solution.

1. The DHT (a distributed database keyed on file hash that returns a list of repositories of the file) should be an orthogonal protocol to the storage repositories protocol. The DHT can be stored on users' computers operating P2P over the users' home ISP connections. This is a low bandwidth protocol, so won't violate the asymmetry of upload versus download bandwidth physics for home ISP connections which I explained dooms Bittorrent.

2. Creators of files must have a means to record their policies (and also perhaps/optionally their verifiable identity). I have suggested that before they publish the file, they create a record in a block chain. Policies could include for example the crypto currency payment per download expected (this record could be updated on the block chain by the signer of the original record). To record a verifiable identity, I suggested including a SSL/TLS enabled URL and signing it with the public/private key of the site certificate, so that governments can blame the site owner for copyright infringements. If the URL is taken offline, then storage repositories should remove the file if they want to be compliant with government edicts (of course decentralized providers can do what ever they want). The protocol for the DHT could either honor (or not honor) the URL removals, so perhaps there should be two versions of the DHT so that at least the one that honors government edicts won't be banned by ISPs. Users could run both versions (if they can). Note afaik DHT consensus is like a block chain in that all have to agree (c.f. David Mazières' work on Steller's SCP consensus protocol and the venerable Kademlia DHT), or if not the DHT could be combined with a longest chain rule of a block chain to enforce a global consensus on DHT policies.

3. Of course payment policies can't be enforced on decentralized storage providers and it is impossible to prove that files have been served and the crypto currency payment to the creator wasn't enforced by the storage provider, but content creators can't stop download theft by decentralized repositories any way. Note that any storage provider that advertises that it violates policies can thus be prosecuted by the State (and note this new design encourages storage repositories to be hosted not run from users' computers), so in reality the warez shit will remain non-mainstream same as for Bittorrent (e.g. fraudster MegaFatKimDotCom shit will always be shut down by the State) because also note my point that the DHT can honor policies and thus without advertising the theft-oriented provider can't be located by users. The storage provider might also be charging a crypto payment for serving the file (and to fund its operation including the storage). So that solves the issue of how to pay for this system, because the irreparable concept of proof-of-storage/retrievability is discarded.

4. As for IPFS's concept of moving the cache of immutable content closer to the request (to reduce bandwidth consumption × distance), I think this can be handled by algorithms running on a layer on top of the DHT.

So this provides the best of all worlds. We also stop the asymmetric consumption of upload bandwidth which Bittorrent is fucking up the internet with as I warned them in 2008.

Note afaik that none of the decentralized file systems currently proposed (and in development or near release) are implementing the above correct design. That includes MaidSafe, Storj, Sia, IPFS/Filecoin, etc..

I have emailed to Juan Benet, the creator of IPFS, a link to this.

Edit: so MegaFat deployed the fraudulent profits from reselling copyrighted content to buy himself a filipina prostitute[mail order bride] Monica Verga that he saw in FHM magazine (which btw is also technically illegal but mostly unenforced):


2718  Alternate cryptocurrencies / Altcoin Discussion / Re: MAIDSafe coin to launch in this month! on: February 10, 2016, 06:53:22 AM
I am proposing a solution.

1. The DHT (a distributed database keyed on file hash that returns a list of repositories of the file) should be an orthogonal protocol to the storage repositories protocol. The DHT can be stored on users' computers operating P2P over the users' home ISP connections. This is a low bandwidth protocol, so won't violate the asymmetry of upload versus download bandwidth physics for home ISP connections which I explained dooms Bittorrent.

2. Creators of files must have a means to record their policies (and also perhaps/optionally their verifiable identity). I have suggested that before they publish the file, they create a record in a block chain. Policies could include for example the crypto currency payment per download expected (this record could be updated on the block chain by the signer of the original record). To record a verifiable identity, I suggested including a SSL/TLS enabled URL and signing it with the public/private key of the site certificate, so that governments can blame the site owner for copyright infringements. If the URL is taken offline, then storage repositories should remove the file if they want to be compliant with government edicts (of course decentralized providers can do what ever they want). The protocol for the DHT could either honor (or not honor) the URL removals, so perhaps there should be two versions of the DHT so that at least the one that honors government edicts won't be banned by ISPs. Users could run both versions (if they can). Note afaik DHT consensus is like a block chain in that all have to agree (c.f. David Mazières' work on Steller's SCP consensus protocol and the venerable Kademlia DHT), or if not the DHT could be combined with a longest chain rule of a block chain to enforce a global consensus on DHT policies.

3. Of course payment policies can't be enforced on decentralized storage providers and it is impossible to prove that files have been served and the crypto currency payment to the creator wasn't enforced by the storage provider, but content creators can't stop download theft by decentralized repositories any way. Note that any storage provider that advertises that it violates policies can thus be prosecuted by the State (and note this new design encourages storage repositories to be hosted not run from users' computers), so in reality the warez shit will remain non-mainstream same as for Bittorrent (e.g. fraudster MegaFatKimDotCom shit will always be shut down by the State) because also note my point that the DHT can honor policies and thus without advertising the theft-oriented provider can't be located by users. The storage provider might also be charging a crypto payment for serving the file (and to fund its operation including the storage). So that solves the issue of how to pay for this system, because the irreparable concept of proof-of-storage/retrievability is discarded.

4. As for IPFS's concept of moving the cache of immutable content closer to the request (to reduce bandwidth consumption × distance), I think this can be handled by algorithms running on a layer on top of the DHT.

So this provides the best of all worlds. We also stop the asymmetric consumption of upload bandwidth which Bittorrent is fucking up the internet with as I warned them in 2008.

Note afaik that none of the decentralized file systems currently proposed (and in development or near release) are implementing the above correct design. That includes MaidSafe, Storj, Sia, IPFS/Filecoin, etc..

I have emailed to Juan Benet, the creator of IPFS, a link to this.

Edit: so MegaFat deployed the fraudulent profits from reselling copyrighted content to buy himself a filipina prostitute[mail order bride] Monica Verga that he saw in FHM magazine (which btw is also technically illegal but mostly unenforced):

2719  Economy / Economics / Re: Martin Armstrong Discussion on: February 10, 2016, 06:18:38 AM
Dead-cat bounce for gold and decline in March to May for final capitulation low seems to be following MA's prediction:

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-6/
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/opening-pivot-points-for-tomorrow/

Note MA is allowing for the possibility that the low in gold could be pushed into 2017, but so far this scenario has not been elected yet:

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-the-rally-4/
2720  Economy / Economics / Re: Martin Armstrong Discussion on: February 10, 2016, 06:13:33 AM
What do y'all think would happen if Socrates was open sourced?

Hey you guys are winning that case against CypherDorc but apparently he will only end up repaying BTC and not the dollar value (which should be very positive news for Bitcoin):

http://www.coindesk.com/bankrupt-bitcoin-mining-firm-trustee-seeks-return-of-funds-from-former-promoter/
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