I thought it was kind of strange how the SKY creator hinted that the 1st world doesn't need banking reform and that the coin would benefit 3rd world people unable to get loans for their farms the most. The guy seemed very technically knowledgeable, so I can only assume he lives in a cave and has never had access to one of the 75,000 youtube videos or books on the federal reserve before.
He seemed really excited about a coin that gives loans to people though. Is this the stealth Lloyd Blankfein coin we've all been waiting for.
RE: "...1st world doesn't need banking reform..."
Right there the OP's credibility is shot, totally shot!For Example:
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After ten's of Trillions of dollars worth of backstops, guarantees, zero interest loans, and multi-trillion dollars worth of give-aways to the wealthy ruling elite of this world, they all got turned from busted out losers into made whole again winners. While the real winners during the crash were often turned back into losers all over again (The Shorts).
That's called Socialism for the top 1%. And the OP seems fine with that. But not with any socialism that seeks fairness for the masses. Except of course for making certain third world peasant farmers can have access to usury loans.
Again all credibility shot to hell.
One would expect a little more levelheaded statements from someone claiming to be so serious. But whatever.
BTW that 1% socialism that the rest of us are financing for mainly the wealthy elite? Yea, it sucks.
After wasting our time we come to learn after sifting through 9 to 10 pages of hype, plus repeated refusal to answer community questions, and having to learn of the OP's foolish belief that the 1st world DOESN'T desperately need monetary reforms to the nth degree.
OMG.
And finally we learn that this is Ripple v0.0.02.01; meaning that the OP doesn't have the foggiest clue how to distribute this created out of thin air currency he of course reins large over. And that hardly anything is worked out, likely right down to the '...protocol called Obelisk...' which will some day be '...provable secure...'.
Of course these 'we' people at SKY are going to solve everything that Ripple has yet to solve. Sure they are. Of course.
After wasting my time and learning this is yet another crazed pipe-dream from a very confused person that is at least inwardly extremely confused about how the world really functions I just couldn't resist doing a bit of ripping here.
These are serious times for serious solutions. Bitcoin and Ripple are merely two serious solutions that are works in progress. Yet the OP seems to think Bitcoin is so obviously broken that it's a hopeless cause. It's not. Not at all.
See below for the OP's thoughts on that:
Example: On one hand the 1st world banking system doesn't need reform. But on the other hand those pesky socialist countries are a threat to bitcoin. (see below).
The OP
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https://bitcointalk.org/index.php?topic=360659.msg3860909#msg3860909skycoinJr. Member
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Re: Known Problems with BitcoinDecember 06, 2013, 11:30:51 PM
Reply with quote #11
There are still many challenges to be resolved by the community.
Miner cartels are becoming greater threat than 51% attack. Miners need 2 million dollars a day to pay electricity bill. When block rewards decrease miners need higher fees. Miners cant make money unless they reject low fee transactions.
Some of the greatest problems facing Bitcoin
- Governments can determine who is using Bitcoin from IP data. We are not protecting the identities of the people running the Bitcoin client.
- Argentina, Venezuela, North Korea and France will retaliate against Bitcoin users. These countries do not want citizens to have access to technologies like Bitcoin. We are not protecting the identities of the people running the Bitcoin client.- Bitcoin only supports 8 transactions/second and Visa's network clears 20,000 transactions/second
- Bitcoin transactions are too easy to track. Bitcoin does not offer the privacy required for widespread use in many countries.These problems are being worked on.
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So what? Another freeloading anarchist ? That thinks much like the phony libertarians? And that everyone else is supposed to carry your water too? While all you clowns get off scott free (as in evading/avoiding all taxation) ? Or are taxes merely just for us 'little people? And not you privileged top 1% folk? Yea, I peg the OP to come from the top 1%, or at least raised in the top 1% clan.
And while all of you then turn around and scream about bloody 'socialism' and how it's ruining your free-loading good times? How dare you! Grow up people. GROW UP. This is more like the shills and leeches on Cable news fronting for the ruling wealthy elite and their demands than any serious discussion on viable solutions.
There is likely only one person behind SKY so far, and their knowledge of monetary and fiscal issues on a macro level is so lacking it is painfully apparent. Toss in the OP's head spinning thoughts and well I am left wondering if this OP has two distinct personalities that are dynamically opposed and battling each other inside the OP's head.
So this OP figured out how to do QE~ (to infinity) from the get go just like Ripple? I don't think so.
And now figures to be the Master of SKY while working out the particulars, and us 'little people' slaves obey whatever is determined by the OP? And us little people are to be glad of whatever does trickle down to us lucky chosen few? Again, I don't think so. In fact keep all that SKY v2.0, I don't care for any of it.
All while at least ripple is seemingly trying to offer a tremendously valuable service with such efficiencies still unmatched to date, but obviously still struggling to hit critical mass, as well as make it easy to even fully comprehend, let alone use! Not to mention get widely distributed.
The OP here is offering exactly what?
To enrich himself, and dictate monetary policies through the issue of his own currency, all of it created out of thin air right from the start! Miners not required. Others will be offered a piece of the pie in the classic scam called 'trickle down'.
And merely with a vague statement concerning fairness of said issue that shall be retained while the OP obviously is still working out the particulars.
Sounds vaguely familiar and similar to so called public central banks in the western world. lol. But hey, it's a giant leap from 1913 (hint).
I am done with this one.
The OP had a good set of lines and features for a primer, and to attract much attention.
But from everything so far it's apparent this isn't what it first seemed to be. Too bad. It was obviously an interesting concept but isn't even remotely in alpha staging yet. Nor forming up to be a palatable delight.
And about the bitcoin shortcomings: Don't be too sure about what you stated OP. I seriously doubt that Bitcoin will fail at meeting marketplace demands once things start rapidly advancing. But yes, it's not the most advanced, nor the most secure, nor not yet ready for prime time. Okay. But I have supreme confidence in the team behind Bitcoin where the rubber meets the road. They are some of the true 'Best & Brightest', not the phony financial hucksters and scammers in the City of London and Manhatten N.Y.
I can't say the same about SKY v2.0 though. Or didn't the OP know that there has already been a failed Skycoin v1.0?
Caveat emptor - let the buyer beware!
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