Why is anyone still even thinking about freeing him. He's gone, it's over. Even if he was released he's a wasted shell of his former self by now. It's hard to live a normal life with PTSD. American prisons are not luxury retreats. His mind is fucked at this point.
You might think differently if you were him. If anyone really had any sympathy for him they would call for the death penalty. That's far more humane than a life of mental and physical torture with the only positive outcome being the increase of profit for the Corrections Corporation of America. I guess you haven't spent much time in occupied north america. Around here if you have a hundred friends, on average 2 or 3 of them are currently locked up as political prisoners. More like ten of those friends have at one point been so locked up. Being an incarcerated political prisoner, while not desirable, is not likely worthy of suicide nor your violent mercy. Some people even come out having learned a thing or two. |
|
|
|
pow isn't bad in general but a monetary based incentive model doesn't work. it may on the paper, in theory
but you have to deal with humans here and they have totally different demands (mostly accumulation driven).
i mean, is there really any doubt that this model already lead into a very unhealthy centralization?
Absolutely there is doubt. There are what 15 million bitcoins worth of doubt. Most of the value of PoS coins also is also based on that doubt as well, as PoW is the underlying creation of the tokens which are then staked. I see no signs of unhealthy centralization as of yet, though this doesn't mean we shouldn't be concerned it could happen in the future and consider how to avoid / be ready. perhaps for those denying reality, granted, but assuming this centralization is the case you have to accept
that pow is much, much more vulnerable by bad actors than other models.
What are these attacks on PoW coins which you refer? Curious.
taking this into account you can ask yourself now what gives you more confidence for a multi-billion
ecosystem. pos, where an attacker has to reveal his intention by positioning building* to get the majority
thru a very expensive asymptotically nearing or a handfull powerlines driven by an even smaller number
of miners?
*silent positioning building is pretty hard, even in traditional markets, where most parts of the books
are closed but in crypto this much harder since most data is visible and many tracking tools already
looking exactly for those kind of pattern.
Show me some tracking tools that could figure out that one person had control of any amount of hashpower or stakepower. If they don't choose to reveal anything about the keys they control, we know nothing.
well, for me this is a no-brainer. sad how things are evolved but i would bet the probability an attacker
could get the control on pos by buying old gen keys is magnitude smaller than satoshi is heavily pissed off
how things are going and therefore switching his 1mio btc stash into ethereum.
lol! well certainly this is true if the coin has a max_depth_reorg parameter. |
|
|
|
The dollar is a system specifically designed to rob its users. This is a fundamental point a lot of you don't seem to follow. It's not about low fees or easy transfers. Its about buying into systemic fraud or not. http://frass.woodcoin.org/funbux-per-joule/Your post makes zero sense. The dollar is a means of exchange, it is not an asset. People don't have many dollars and people don't hold dollars as an investment. Dollars is what things are priced in and they are a means of exchange. Graphing the value of a dollar against an asset or comparing it to an asset over time doesn't even make sense. Examples: I work 40 hours a week. Is that dollars? No, I get paid in dollars. The number of dollars I get paid over time increases or decreases depending on the value of what I can produce (supply, demand, etc.) I own a house. Is that dollars? No, that is priced in dollars but it is not dollars. The price in dollars increases or decreases over time depending on supply, demand, etc. I own stocks, bonds, clothes, computers, furniture. Are those dollars? No, those are priced in dollars. The value fluctuates over time. How many actual dollars do I own? I own what is in my wallet. How does that compare to my net worth? It is basically nothing. I have money deposited in a bank account. Is that dollars? Not really. Dollars don't pay an interest rate (granted, the bank doesn't pay much these days). And the dollars aren't even in the bank, they are loaned out to someone else. That is the way banks operate. Many bitcoin people fail to understand that the dollar is not an asset. Dollars are designed to go down in value over time a bit (inflation) because otherwise people would simply hoard them and economic activity would be much lower than it would be otherwise. Look what happened in the 2008/2009 timeframe when we had deflation. The price of everything went down. People lost their jobs, etc. That is what happens in a deflationary scenario. But the main point is this, the dollar is not a n investment. It is what things are priced in. People don't hold dollars as an investment. They use them to exchange one asset for another (or service, etc.) Thanks for your reply. What part of my post did you not understand? I'm not sure how your accurate description of a dollar as something that rational players wouldn't want to hold on to is relevant to what I wrote. It seems it is not in disagreement. What am I missing? |
|
|
|
The dollar is a system specifically designed to rob its users. This is a fundamental point a lot of you don't seem to follow. It's not about low fees or easy transfers. Its about buying into systemic fraud or not. http://frass.woodcoin.org/funbux-per-joule/ |
|
|
|
If you remove the miners, you are investing in nothing. That is PoS in a nutshell.
As long as you believe this, any discussion is pointless. It's economic nonsense, plain and simple. Check the OP - that is what this entire discussion is about. PoS is mining. It's cpu-mining, not much different than what satoshi designed for Bitcoin. But while anyone can attack a PoW coin, nobody can attack a PoS coin without investing first. Even in your scenario. Anyone can mine a PoW coin, nobody can mine a PoS coin without investing first. FTFY |
|
|
|
Thanks for testing.
We're down 2.1 BTC thanks to you jerks winning too much.
Looks like a pretty neat concept, but how big is the site bankroll, and is there a possibility to invest perhaps? Are payments processed instantly? Site bankroll can be seen by checking "table status". Payments are processed " instantly" as soon as the ball lands on it's spot.. that is, as soon as the next block (after the one with the bet in it) is found. So it's not really instant, because for your payout you have to wait: 1) for your bet to have a confirmation 2) for the next block after that to determine the roulette result There is a possibility to invest, public offering being considered but this is private concern for now during startup phase. |
|
|
|
No don't so that Bitcoin will replace Dollar because Bitcoin is virtual money and Dollar is paper money that will be acceptable to Any where in World.
lol no one is considering it because of its shape. so is it possible if bitcoin have paper version and could replace dolar ? lol Paper bitcoins were possible since day one. bitaddress.org is a good site to make them. It's not that no one is considering it - smart people already have replaced the dollar in their lives with public noncounterfeitables. The trouble is that most people are just asking to be robbed, and would never trust themselves to act on their own thinking. They will continue to use systems specifically designed to rob them. |
|
|
|
|
Thanks for testing.
We're down 2.1 BTC thanks to you jerks winning too much.
|
|
|
|
Interesting. SO as (blockreward) goes geometrically towards zero, txfees also go towards zero and.. which coin will you move to? fiat currency  lol  I didn't ask which counterfeiters will you support. I asked which coin will you move to. |
|
|
|
Yeah those 2 are totally different. Bitcoin needs a electricity and internet. Fiat can be used everywhere. Even in small villages. And best of all.
Everybody accepts fiat.
Everybody accepts everything, it's just a question of negotiating a price. Also you can use paper bitcoins where there is no electricity and internet. The difference is that when you bring them somewhere with internet, you can verify they are real. With fiat, you can never verify it's real. Because of course it isn't ever. |
|
|
|
About Bitcoin's TPS, I think that it may reach out Visa's level if some improvements would be done to it. This could really happen in the future and thus Bitcoin would become mainstream  If we focus on scaling directly (block size limit) it will never come close. There are debates on the safety of 2-3-4 MB blocks (6 - 9 - 12 TPS on average). Visa handles 2000 TPS on average today. This is why solutions such as the LN are needed. Visa is also a solution. They could handle 2000 TPS valued in bitcoin. |
|
|
|
How so? What are they doing, and why? Who are they? Banks? Banks wont be using Bitcoin, they want to destroy it as its a problem for them. So they want to create their own private blockchain-based technology. One of things they are considering for this is Ethereum. This doesn't make sense to me sorry. Why one cryptocurrency over another? How is bitcoin a problem and ethereum not? |
|
|
|
So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?
Particular, which CONCRETE advantages can the people get from BTC?
Thank you.
The CONCRETE advantage is simply not being robbed. Look around the world. you will see that people are issuing themselves huge amounts of fiat. It is issued at no cost with no limit and in private. You work for fiat, while fiat issuers issue it at no cost. Is that something you like? You are asking something similar to what the concrete advantage is of having money vs. being a slave. |
|
|
|
Dollar and bitcoin are two different things, one is physical currency and the other is digital, so people who are comfortable to spend it digitally will choose bitcoins, and people who are not internet savvy they will go with dollar.
You mean people who are not savvy at all will go with the counterfeitable undefined scrip. Bitcoin is the physical currency, tied to energy which is a physical quantity. How could you imagine that the dollar, a limitless undefined virtual token, is physical? |
|
|
|
How so? What are they doing, and why? |
|
|
|
Ripple (not really but in name) financiers have done well in collecting talented developers, keeping them well fed and locked up and preventing them from doing anything useful for humanity. "Here's a big screen. Make some silly icons or something. We need a new deck for our next round." Y'all got fiatted. You want to be remembered for cutting costs on interbank accounting of counterfeitables? Or are you going to get out there and do something interesting?
Banks will not run on public ledgers. They want their transactions private for obvious reasons. Yes, Ripple has helped networks of banks connect through distributed ledgers on private networks (obviously no game changer). But Ripple, with the use of XRP wants to connect these large networks of banks with small banks that would normally not have the ability to easily make cross-boarder transactions. If this isn't useful for humanity then I don't know what is. Ending reliance on counterfeitable zero-energy-of-issuance non-verifiable tokens and the incredible waste and irresponsibility that comes with it, for one.
Some interesting quotes from Microsoft
"Given this multi-chain vision, we see smart contracts as a key piece. Then you need ILP, which is the glue in the system that holds everything together, so that different chains can interoperate. That means a derivatives chain can interact with the securities chain it’s derived from. In all of these interactions, you’ll have to move money around. So you will need Ripple for that.
We see Ripple and ILP becoming part of the fabric of this multi-chain reality. Then you have Azure, which is the horizontal computing layer. We’ll provide scale management. We’ll make sure there’s regulatory compliance for data residency. We’ve got all that stuff covered." Marley Gray, who leads Microsoft Azure’s Blockchain as a Service (BaaS) initiative
“There’s a lot that bitcoin or Ripple and variants can do to make moving money between countries easier and getting fees down pretty dramatically. But bitcoin won’t be the dominant system.” Bill Gates
There are many competing atomic cross chain protocols. And of course there are ordinary trusted third parties which do the job of inter-chain movement quite handily. All well and good. The problem with these kinds of quotes is that they are designed not for users of financial systems, and not for technical developers. They seek the ear of issuers or investors and so are slightly deceptive in their intent. |
|
|
|
Ripple (not really but in name) financiers have done well in collecting talented developers, keeping them well fed and locked up and preventing them from doing anything useful for humanity. "Here's a big screen. Make some silly icons or something. We need a new deck for our next round." Y'all got fiatted. You want to be remembered for cutting costs on interbank accounting of counterfeitables? Or are you going to get out there and do something interesting?
Developers can come and go as they please, but obviously they would like to do something revolutionary with their lives, like create the Internet of Value, that's what ripple is doing... ripple is not making alliances or friends with bankers, they serve big and small FIs. They are disrupting correspondent banking freeing up capital and providing global liquidity, providing remittances and micropayments. Taking the top down approach, but bottom up will come later. How about Interledger protocol, you don't think that a global payment standard is necessary? If their devs or any others want to make a difference in the world they can volunteer and work for free rippleworks.org (Chris Larsen funded charity) What is your idea of the internet of value, or have you not figured it out yet? Well yes, folks like you and me and said devs can come and go as we please and we should take responsibility for our actions. And no, I haven't figured it out yet I don't think "global payment standard" is a thing or necessary. Having options is always good, and alliances and friendships with bankers is not necessarily a bad thing at all. Perhaps some of the infrastructure could have application in price discovery or trade engine tech? |
|
|
|
"Smart contracts are an interesting curiosity"
Lol. You know that satoshi nakamoto (real name Nick Szabo) writes extensively about smart contracts right?
Of course, I read it all. Even the parts where he writes "I am definitely not Satoshi". You got a use case you'd like to share? Sudoko solutions is kinda cute. There was a ethpyramid that was kinda cute too. |
|
|
|
|
Ripple (not really but in name) financiers have done well in collecting talented developers, keeping them well fed and locked up and preventing them from doing anything useful for humanity. "Here's a big screen. Make some silly icons or something. We need a new deck for our next round." Y'all got fiatted. You want to be remembered for cutting costs on interbank accounting of counterfeitables? Or are you going to get out there and do something interesting?
|
|
|
|
|
Show Posts
