This was written in June 2015, which probably motivated Shen-noether and Maxwell to work on combining CT with CN to create RingCT. And I was working on combining CCT with CN to create ZKT:

https://leastauthority.com/blog/zerocash_and_confidential_transactions.html

Any way, they all need to catch up with my latest logic on these matters:

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

https://bitcointalk.org/index.php?topic=1342223.msg13713790#msg13713790

See this: http://cointelegraph.com/news/synereo-attention-economy-and-distributed-cloud-to-deliver-next-generation-social-networks

I am in the midst of studying/researching Synereo's white paper, Hangout videos, and blogs. Some of my initial thoughts are here.

One of the salient questions to answer is if there is something about doing it decentralized that will make it more compelling than those sites you mentioned.

Another critically important question is whether Synereo attention model will work well.

And third whether the attention model is comprehensive or instead limiting.

I do not understand why Greg Meredith has been asked to talk about SpecialK and be the co-developer in the context of the Casper block chain consensus model overhaul for Ethereum (which I have asserted is fundamentally flawed). Even Greg admits in the Synereo whitepaper that their algorithms don't attain (and don't need to attain) a global consensus. So this has already caused me to doubt whether any of this is well thought out (although the attention model is orthogonal to Casper afaik). I need to complete my research before I can comment with full understanding.

I have very strong doubts about whether people will want to get paid from a social network, because I think the earnings will be so small that they will be offended. They join social networks for greater reasons, such as sharing, interacting, etc.. Instead I think you need to give them a better experience of what they really joined for. Some people do earn money now using Facebook to sell and promote things. The revenue opportunities are othogonal. So far I thinking Greg Meredith is trying shoehorn one attention (math) model onto a very diverse social human phenomenon. But I need to study more to see if I find some reason to think he is really onto a powerful concept. Synereo is extremely complex to analyze from all facets including technical and markets. I am expecting that what we really need is unbounded experimentation (free market) of models (but what would that really mean and would it be decentralized and do we really need decentralized).

Again if this is just a speculator thread and you just want to sell the slogan and ignore the details, then please tell me so. Then I will keep my future comments in my own little echo chamber else where.

Edit: the two posts preceding mine are actually quite insightful and astute.

Edit#2: the poll is worded in a very misleading manner. Some people may wish to vote No not because they don't like the money but for other reasons, such as the money being so insignificant as to the reason they use a social network. The author of the OP seems to be overly enthused on having found the greatest thing since sliced bread, but he may be in for a reality check.

Individuals don't/won't care about your privacy apps and ecosystem. The masses are blithely unworried about the fact that Facebook sends all our data to the NSA. What matters to the masses is the freedom to do what they want to do. This manifests itself in market strategies very far removed from anything that has anything to do with anonymous block chains. I do not care if you disagree. You will learn by failing.

Corporations care about privacy for their proprietary data such as sales, etc.. They will have no choice but to fund and develop privacy solutions for public block chains, else they will never use public block chains or corporations as we know them today will morph into something else.

Block chains are still in beta testing and ring homomorphic value signatures on block chain are new unproven vaporware also.

I am tried of this nonsense. We can go in circles forever arguing. Bottom line is you have no marketing sense. And this will be clear in the future. Please carry on and I will too. Goodbye.

P.S. I was thinking about who I might add to my LinkedIn account from this 3 years I spent here in Bitcointalk and there isn't a single person I've met who is worth adding. Besides most of you are anonymous. You are out-of-touch with reality. This forum is a small echo chamber for selling P&Ds to speculators. There is no one here who has any clue about marketing or any clue about actually producing something for a large and significant market.

Rant or whatever. I am tired of this. So go ahead and believe in your nonsense and keep preaching the same lies to yourself and your flock.

---

I wrote the above very quickly and while I eating I realized I really didn't convey the full extent of my thoughts and I am concerned that readers won't be able to read between the lines as to my full thought process.

Some users care about privacy in the sense of privacy of certain details of their life such as their home address, phone number, bank account password, etc.. RingCT can't make any of these private. Unreliable RingCT must be employed together with an unreliable mixnet just to achieve unreliable privacy of crypto currency transactions. It doesn't even begin to address the real privacy needs of normal people.

Zk-snarks offer the potential to make make more scripts and more types of data private on the block chain. RingCT can never do that, so it doesn't matter what ecosystem you build on top of RingCT, it won't address the privacy needs of the normal people.

It is quite clear to me that everything we are doing here is still in beta or alpha mode and is more or less just vaporware. Even Monero is running, it is still vaporware in the sense that it is entirely unscalable.

We haven't accomplished anything yet. Bitcoin has shown the potential, but it is also showing that it wasn't designed to scale.

If you all can't even recognize simple logic such as this, then it is a complete waste of my time to post in this forum. I am accustomed to dealing with people whose brain stem is more functional than their stubbornness.

Now I understand that those who are here just to speculate and they don't care about these sort of technobabble details and widescale adoption scaling. So to them I apologize for interjecting my technical analysis in their speculation threads.

There is a lot more I could say, such as describing how I started off thinking anonymity was the most important priority and why I transitioned. But the bottom line is I want to get back to working with fun people who are not scammers not anonymous and who are doing inspirational work that really impacts the world in terms of usership. I want to work on projects with 100+ million users. I want to get back to using my creative skills. And I want to work in an arena where I can work with the best engineers in a fun and mutually respectful environment. This forum is such a dark place compared to working productively with a group of talented engineers shown below:



This forum is toxic.

Bitcoin is toxic. Crypto currency is transitioning from an inspiration to a reputation of scamming, theft, toxic egotistical developers, snobs, stubbornness, unprofessional boyish infighting, criminal avoidance of SEC regulations (Erik Voorhees and every coin in this forum), $multi-million ICOs that spend all the money w/o addressing the most basic fundamental technical issue of block chain scripting, etc..

Soon no one will touch crypto currency (and possible block chains) with a 100 foot pole. You are poisoning the well from which we all drink.

What I will try to do now is quickly bypass all of this and restore legality, respectability, trust, and widespread adoption to crypto currency. I said I will try. Failure or finding a better opportunity are also possible.

So again good luck. That is my 25 cents of drivel.

When I was at Fractal Design Corp briefly in 1993 and 1995 working as a programmer on Painter X2 and 3 closely with the two founders of the company who were also programmers, on my own initiative I took on the role of communicating with Tech Support and I built some friendships there and served a liason to help articulate technical issues in ways they could explain to users. One of the guys seemed to be capable of becoming a programmer himself, and I told him that.

Well today I come to find out he is the CTO and Co-founder of a major social media publishing company focused in the music realm. God or damn good luck kissed me on the shoulder in terms of plans for a Bitcoin killer.

I will mostly shut up now. I have said enough in these forums.

I do want to do some technical analysis of Synereo and will be posting about that on Reddit. I have said all I need to say otherwise. Cheerio.



P.S. Here is my LinkedIn account with my photo from January 2015, career history and education.

It can be mostly fake volume with the insiders buying from themselves.

And they can then use that to sell off more of their premines to greater fools who think the pump is real volume.

For me it indicates the insiders are getting out and dumping it on the greater fools. Just don't be the last man out the door when the stampede (waterfall collapse) dump starts.

Remember the market caps for altcoins are lies. There isn't that amount of capital invested in them. These are just pumped prices by insiders buying from themselves. Much easier to do that when you control the float from a deceitful premine as is the case with Dash and Ethereum (buying the ICO from themselves).

Doesn't StorJ have a coin on polyonoxious? Aren't they nearing a milestrone.

Again I recently explained why all those decentralized file systems (including MaidSafe and Sia) are technological nonsense, but doesn't seem to the concern of you P&D followers.

Potential problem with XMR is that the coin was too well distributed and absent a premine, thus no one has the means and incentive to P&D it. Monero would seem to instead be a long-term investment (and personally I think a very poor one for the recent reasons I have explained about their UNRELIABLE anonymity having no market).

Rather I would say take your profits from crypto before March and hold dollars because a major contagion is brewing in the markets that is going to wipe out Bitcoin, gold, and all markets except the US dollar and US stocks. The coming interest rate hikes from the Fed will turn up the dial pressure. Note for example OROBTC's comment today that his Peru ball bearing sales have fallen significantly since December. Martin Armstrong's model is coming true as predicted as the periphery collapses and the USA and US dollar will be the last man standing in the global economy.


When the liquidity dries up in the altcoin market, you can be holding a dead asset.

The incest gets more stupid:

http://cointelegraph.com/news/dash-to-become-the-first-alternative-to-bitcoin-offered-by-the-lamassu-atm-project
http://deginner.com/
https://twitter.com/iravagecoins (start reading from Jan 22 and then reverse chronologically)

They have money (some estimated a $million) because of premine scam and then owning the masternodes which leech a double-digit annual ROI from the coin. Since there is no usership, that means the bagholder investors are financing this.

I never claimed that. I do claim I have more experience than him.

I didn't say it can be fixed. I said they can continue trying to fix it and it appears to me that they are adding more layers of complexity on top going in circles like a dog chasing its tail and not knowing it. I suppose there is some 0.0001% chance they solve the implausible, but I have a deep understanding of the issue and I can see the odds are stacked against them. I say their odds of fixing it are akin to winning the Lotto. But I am not claiming 100% omniscience so we will see... I have to at least admit that I can't be 100% sure... but I am talking about my level of understanding and thus my appraisal of the probability of them solving the fundamental issues.


Charles knows me very well (and he left Ethereum long ago and one might assume he pocketed some of your ICO money). The others don't. (And thankfully for that otherwise they would be reading my posts and copying my block chain technology since I have some solutions, although I still don't have a solution for Ethereum's specific problem)

In particular they can't get scaling with sharding and still retain Consistency. It violates the CAP theorem. And they can't solve the economic Tragedy of the Commons on verification without centralization.

One can argue they will just centralize it (and perhaps even obfuscate that it is centralized in some techno-babble that no one can understand), and then continue innovating on a centralized platform. Well that defeats the point and won't enable huge adoption markets.

I am certainly not jealous of the insoluble technological quagmire that Vital et al are stuck in. They sold the future and were never able to solve the fundamental technological issues. I warned Charles about that when he was evaluating whether to join with Vitalik and launch Ethereum. Vitalik is a smart guy and they have some other smart guys. But they don't yet seem to realize that they can't solve the impossible. They are too young and inexperienced to see this. I am older with decades of experience so I can more readily detect when something is insoluble and need to move on to more plausible pastures. Which is precisely what I am doing.

You can speculate on how high the P&D will go, but just remember the majority must be bagholders in a coin which has no future means to expand the pie of adoption (due to technological clusterfuck).

I am not a hater. I respect the intellect of those devs working on Ethereum. I just have to be honest that they are stuck in a technological clusterfuck and are too deep in now to admit it to themselves. Eventually they will realize they failed. I even tried to save Monero from wasting more effort implementing RingCT and tried to convince them to look seriously at zk-snarks to see if that would solve the meta-data issue and also expand the utility from currency to simple scripts for RELIABLE privacy on PUBLIC block chains (especially important for corporations but maybe also for all commerce). I am trying to get them to think about real market strategies and not the "build it and they will come for unreliable anonymity" delusion.

Haha. Is that the only delusion/excuse/defense you have remaining to sell shit to bagholders.

Dash is a scam and inept technology. You apparently don't read all my posts in the Altcoin Discussion forum, else you would have known that I found egregious flaw in the math of InstantX and for many other reasons Dash is scam.

There is no reliable anonymity technology yet (including not Monero/Cryptonote due to unprovable/uncharacterizeable meta-data correlation). Maybe Zerocash (z.cash) which is coming...maybe...

Scammers are good at going to conferences and making promotions to sucker more greater fools who don't understand the detailed issues.

All of which Armstrong predicted. 2020 is the low for China, but then it will rise up while the West continues to fall into the abyss, because the developing world doesn't have the socialism problem that the West has. Simple as that. China and developing world can write off the debt and renew. The West can't because the youth and all the people are addicted to socialism. It will require a lot of pain and decades for the West to reculture itself. China's write down will be a short-term decline only. Armstrong has explained this clearly so many, many times.

Armstrong predicted in 2014 everything happening in Europe now.

Yes OROBTC, I told you long ago (based on Armstrong's models) to expect a big decline in your developing country markets from 2015.75 to 2020. After that, it will rise again and by 2032 according to Armstrong's model, China will be the new financial capital of the world.

You should also refer to my recent epiphany on the future of the Knowledge Age, since the developing world will have more Knowledge Age producers and creative youth. Peru is your future. The United States not (will peak and head down 2017.9 and won't bottom until perhaps 2024 and that will only be temporary bottom with more downside coming after 2028). Near-term until 2017.9, the USA and the dollar will be the strongest.

See how much pent-up potential can be unleashed in China as the power of technology removes the silly barriers in China:

http://asia.nikkei.com/Life-Arts/Life/Chinese-parents-split-up-for-the-kids

Sorry bagholder. I never shorted that piece-of-shitcoin. Find a new excuse for your selling your shit to other greater fools in a zero-sum game with no long-term potential actual innovation and adoption network effects.