The last bounce looked very low energy like it's run out of forward momentum at this point (bitfinex price):  |
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 and another:  These people are pure scum trying to get old, senile people to invest retirement money in this artificially propped up, R3 banking consortium scam. |
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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.
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Longs ready at $200 due to thread being locked.
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with cons and charlatans like Martin Armstrong you always get something like "asset X will go up or down or stay flat". Yet somehow even with such predictions he always ends up being wrong.
I find it rather ironic he claims to have a miracle computer to predict the future but is unable to predict anything about bitcoin at all. Oh, you need years of history to try and create an algo that will function correctly when backtested against the data? Well, what good is that? We don't live in a static universe with fixed variables and the same currency "flowing" around back and forth to the same fixed variables over and over. It's not like JP Morgan hasn't made a bad trade in years because they have miracle algos either, it's because the banks run the damn govt in a non-aggregate market where they can front run everything that happens in that market...which is controlled by...themselves. Just a plain old algo, which is all that Armstrong uses, are notoriously bad against black swan events too, which he cannot predict. Black swans aren't based on capital flows, they're based on random things like the dust bowl occurring from bad farming practices. |
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I like the idea of free speech! Thats more in keeping with Adams original thread.
For Adam!  |
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Hey, it was DAG related and there was Byteball commentary too. Or was that paragraph too dangerous for the great come from beyond to tackle?
That was a polite form to tell that I have more interesting things to do than discussing anything with you.  So we can expect IOTA premine dump for lambos today? |
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Good old Come from Beyond, always ready to tackle the difficult questions: 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?
Enough off-topic for today.
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Iota
Enough off-topic for today. Hey, it was DAG related and there was Byteball commentary too. Or was that paragraph too dangerous for the great come from beyond to tackle? |
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I recommend you to wait for my Byteball test report. I have already spotted things which need to be improved, once they are fixed the price will shoot up. Just accumulate more GBs now.
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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Stay calm and I can help you dump Iotas for Byteball.
Thank you, but I've got so much GBs that I don't know where to spend them to, I can buy your iotas for GBs if you wish. Well, we are in quite a dire investment situation here. The price of IOTA can't go up because it's basically a pyramid scheme in search of greater fools, and the price of Byteball can't go up because the developer has to hand out all the tokens first, which will take like another year or something? I would like coins to go up really fast instead in order to purchase Lambos like yourself. What would you recommend as a solution to this problem? |
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Much to Anonymint's horror, Monero is starting to look bullish to me from here.
Your always the opposite play to me.. i think ill sell some xmr and.buy some eth here XMR was 0.0176 when I typed that and longed, then it went to 0.01888. As for Eth, it's a scam propped up by the R3 group, so it will be propped up until the bankers decide they want to liquidate. You are incorrect in youe generalization again roach. Yes if cost is the only factor why India? Why not africa or a cheaper country? You love making stuff up I know that. India has the most advanced computer science curriculum at a few certain universities that only allow the best of the best.
Has zero to do with anything special about Indians. Both India and China are overpopulated, thus ripe to be exploited by global labor arbitrage. If Russia or Sweden was mindlessly having a million kids each, then they would be farming labor there because excess population drives down wages. The fact that places like the horn of Africa are overpopulated yet produce no viable stock for these international financiers to farm labor from does kinda tell you something though. |
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11. Most of the 3.0 tech being developed is really early stage (other than my own project Radix). Theory mainly and little code hence the 18 month window. I'm not even sure if they are announced publicly yet, just discussions I've had with people at events and meetups with ideas. I'll check with the developers before I name them.
It is true, the new transaction technology called gold and silver solves virtually every problem with cryptocurrency, but nobody is sure where to find the developer for comment. |
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Should I wait for my node to completely sync? How large is the DB now? What is average time for a complete sync?
Stay calm and I can help you dump Iotas for Byteball. |
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Monero is starting to look bullish again...
I know what you think of bitcoin, but are you a holder of monero? Well, gold and silver are money and everything else is credit, so I don't see any of these things displacing metals as the base of Exter's pyramid and you would be living in a very illogical/scammy world if they did. It's already a crime that the crypto market cap is higher than the silver market cap (probably just another indicator of how undervalued and good of a buy silver is). Having said that, even though these things are just currencies and not money, there's plenty of other crappy currencies they can compete with in the world like the Venezuelan dollar. If Fluffypony wants to release a Tshirt that says "Monero - It's better than the Venezuelan dollar", it would probably be true. |
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Much to Anonymint's horror, Monero is starting to look bullish to me from here.
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Monero is starting to look bullish again...
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Ethical monotheism is probably the single greatest contributor to human progress
It's not "ethical monotheism" propping up civilization as can be seen by the "Florida effect" where people are far more likely to agree to being taxed to support local schools that share the same genes as them, while they resist being taxed to support what they consider foreign invader gene pools. It's simply the fact that they view people with the same genes as them as being possible relatives and treat them as such (a selfish gene type scenario) instead of killing or stealing from them. |
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theres a reason nasa ibm and microsoft do most of their software in India for example.
Lol, the reason is not because Indian people are somehow smarter than others. It's because corporations practice global labor arbitrage, outsourcing work from the 1st to the 3rd world for pennies on the dollar until it causes the 1st world to collapse and the 3rd world to rise up in cost. Then they close up shop in India (causing it to collapse just like the US) and move to the next 3rd world country creating a perpetual state of boom and bust with cheap labor for evil international financiers to exploit. Globalization is garbage, period. It benefits nobody except international bankers and their sanctioned minions in the long run. 1. Aboriginals are not modern day cavemen. I live in an area with a large Aboriginal population and can confirm your ignorance.
As much flac as black people get for being primitive or violent or whatever, it's blatantly clear that the aboriginal bone structure is the one that's VASTLY different from all the rest, to the point where they're basically a different species:  The skull is much more similar to something like "Peking Man", an earlier homo erectus human ancestor:  Generally, the more primitive the DNA, the greater the ridges are by the eyebrows and more the mouth sticks out compared to the nose like in the following picture:  |
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Can you describe the mechanism that "they" would use to drag the price floor of a Bitcoin to $1? Who is "they"?
Already did, war of attrition. Miners will not mine at a loss forever. They just tank the price on exchanges and then miners either immediately turn off their machines or do a few weeks later. If you look at things like litecoin hash rate vs price lately, these Chinese are turning on and off machines almost immediately as price fluctuates. Once they tank the price on exchanges either with real coins or synthetic derivatives, even if cost of production of a coin was once $10,000, there is no reason to pay that anymore since you can mine a never ending stream of coins as transaction fees for however low they want to tank the cost of production to. It doesn't take a rocket scientist to figure out that bitcoin has no price floor, does not function as a store of value, and is much easier to destroy by financial manipulation than gold or silver are. Does it take a rocket scientist to tell me who "they" are? Who is going to tank the price to begin this war of attrition? The same people who dump 2 billion dollars of synthetic gold naked shorts all at once to try and tank gold while the CFTC watches in broad daylight doing nothing about it because it's govt sanctioned. If govt ever sanctions financial attacks on bitcoin, it will crumple far easier than the metals market due to reasons I already discussed. But that seems to be the opposite right now. Right now the govt wants you to buy bitcoin and not buy gold or silver. The main question you should be asking yourself is why that is. |
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