Cops are supposed to call for backup.  |
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I think yes. But at that point bitcoin may be the least of our worries.
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Why? I don't understand your business model unless you steal the money. You are saying give me $1000 and I'll give back more. How?
Will you do this in person? Where are you? Perhaps one of us can swing by and do it by signed contract. That I would do.
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Where is the source code? And it is unclear if this is a distributed network. If it's proprietary software then I can't be bothered with somebody's facebook credits.
The only difference, is that it doesn't require miners. They used a whole page to tell me that they've built a software which is better than Bitcoin, in terms of security, faster at confirmations because it doesn't require miners [...] HowItWorks The new SCP system also relies on people running software that communicates over the Internet, but trust is not enforced through mining. Instead, each person running the software must identify a few other trusted participants to correctly apply the cryptographic rules used to validate transactions. Each instance of the software will recognize transactions only once a certain majority fraction of its trusted partners have also signed off. And the trust relationships are all public.
Mazières says the math shows that those rules will allow his system to reliably verify transactions much more quickly and with less energy.
Ah, thanks for the find. Well it is nothing like bitcoin then. I assume the issuer controls the supply, the price, and decides who should receive the coins. In that case the good professor has just reinvented the frequent flier mile. |
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I don't understand your offer? I mean I get that you are scamming but the hook is unclear. You'll get more marks if it's clearer.  |
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Sorry but no, not gonna happen. It won't be called bitcoin anymore if these kind of shits really happen.
And there is no good/bad real/unreal bitcoin, they are all same tokens sha256 verified in main block or "fork" blocks. People("tough" bitcoiner kids on internet) might or might not find out who they are and they will be just fine on doing that as before.
Motive? Why would anyone lose money, an evil miner? They are going to double spend once the hash rate drops low enough because of the negative ROI of mining. Motive? Quick Money. You checked the bitpay 2014 report right? rich people and big company like to get USD and EUR much more than a bitcoin dying-cheaper-coin. You still haven't read the white paper have you. It's like arguing with a 5 year old about Santa clause. Welcome to my ignore list. |
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I would accept bitcoin because only bitcoin would accept me.  |
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Where is the source code? And it is unclear if this is a distributed network. If it's proprietary software then I can't be bothered with somebody's facebook credits.
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Sorry but no, not gonna happen. It won't be called bitcoin anymore if these kind of shits really happen.
And there is no good/bad real/unreal bitcoin, they are all same tokens sha256 verified in main block or "fork" blocks. People("tough" bitcoiner kids on internet) might or might not find out who they are and they will be just fine on doing that as before.
Motive? Why would anyone lose money, an evil miner? |
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It might be fun to play with faucets, but make no mistake. You are going to spend hours to make a single penny. If you actually want to try them out then set up an account at an exchange in your country. Fund it, buy some, then move them to private keys under your exclusive control.
For an amount of say $100 you could also try a phone based wallet like "bitcoin wallet". It has a bit more risk but the convenience makes it worth it for me.
It was not until I spent some online that I could really see the utility of BTC. Now it is my only money online.
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"They would get caught" get caught for what? since when stronger hash rate insert block first or double spend is illegal?
Are you talking about blockchain analyze or good/bad bitcoin filter shit again? this would kill bitcoin first you know?
I didn't say they would go to jail. But people are going to find out who minted the bad coin(s). It's not going to be good for their business and likely will end their operation. It is also true that depending on where they live it could be illegal. For example selling such coins may constitute fraud in the U.S. Although it may be unrealistic to assume the police will help. Personally I am against "colored" coins. However if we have a 51% attack I think we would have such a system within months. I assume nobody wants counterfeit bitcoins. |
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Generally speaking the hash rate will drop very hard because of negative ROI of mining (let's say $60?), at that point the bitcoin blockchain network might stop processing any transaction.
Then no one can send or receive any bitcoins anymore.
That makes no sense to me at all. I was here when BTC was worth pennies and it worked fine. If mining becomes unprofitable then miners shut down some of their mines. This is how actual mining works also. It is also how this system was designed. You may want to read "the white paper" by Satoshi Nakamoto. It may clear up some of your confusion about how bitcoin works. the only difference i could see with the past, is a risk of 51% attack that can become more prominent, because now there are big farm that can control easily the network if the diff fall too much Now that is a reasoned criticism. I was surprised myself to see how quickly mining went to an industrial scale. It has really run ahead of adoption. I do think that there are powerful factors that work against a 51% attack however. The most important being self interest. A mega-mine that somehow gets a majority of the hash power could launch such an attack. But what would they gain? They would get caught, it would not go on for long and would, IMO, greatly hurt the price. In the end it is hard to see how they could profit from it. Especially having invested so much in infrastructure. |
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Thats tomorrow, not today
We are talking ablut April the 15. I cant see something happening here... OP is legendary, actually, what a shame
He is going to lose his reputation big time! Do we know it is Elwar? Maybe the account was sold or stolen? Elwar has not been a troll here before. |
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Generally speaking the hash rate will drop very hard because of negative ROI of mining (let's say $60?), at that point the bitcoin blockchain network might stop processing any transaction.
Then no one can send or receive any bitcoins anymore.
That makes no sense to me at all. I was here when BTC was worth pennies and it worked fine. If mining becomes unprofitable then miners shut down some of their mines. This is how actual mining works also. It is also how this system was designed. You may want to read "the white paper" by Satoshi Nakamoto. It may clear up some of your confusion about how bitcoin works. |
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Then let's bet! $20 says bitcoin will be alive and in use 1 year from now. Since you know it has already failed your sure to win.
I thought not. If you won't put your money where your mouth is then why listen to you? In fact why are you here, to "warn us"? Ok batman thanks.  |
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Open an account at any exchange, get yourself verified, sell the coins and transfer the money into your bank account. It's pretty simple.
+1 I don't think you will find a better answer. |
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As usual the most confident pronouncements come from the least informed anonymous posters. "Bitcoin is a failure!" so says the brand new account.  And they will be proved to be right as they always be. By the way, mod banned all bears accounts is the reason for these brand new accounts coming out, nothing special about it Then let's bet! $20 says bitcoin will be alive and in use 1 year from now. Since you know it has already failed your sure to win. |
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Been going down for a long time. Like when people started doing the disgusting, sexually explicit and evil dance; the waltz. In the 1771 German novel Geschichte des Fräuleins von Sternheim by Sophie von La Roche, a high-minded character complains about the newly introduced waltz among aristocrats thus: "But when he put his arm around her, pressed her to his breast, cavorted with her in the shameless, indecent whirling-dance of the Germans and engaged in a familiarity that broke all the bounds of good breeding—then my silent misery turned into burning rage. |
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As usual the most confident pronouncements come from the least informed anonymous posters. "Bitcoin is a failure!" so says the brand new account. |
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Disband your organisation and stop taking other peoples' money.
Not sure what money they have "taken"? I GAVE them money. |
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