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5781  Economy / Economics / Re: Martin Armstrong Discussion on: August 12, 2015, 02:33:24 AM
The purpose of the Yuan devaluation is likely to be that the investment opportunities in the local economy had dried up and this was causing rampant speculation. Many were finding they could make more money betting short against the stock market than investing for example in export industry. Also there was a carry trade of borrowing abroad and bringing the money into the local economy to speculate with.

This is designed to boost competitiveness of the export and industrial sector, which will also diminish some of the speculation. This is an admission of defeat on the short-selling ban.

We should view this as a sign of massive global deflation and the coming stampede into the US dollar and US dollar denominated investments such as the stock market.

This is a reflection of the China's collapsing manufacturing sector, which has I believe two consecutive readings below 50. It was turning into a rout. Also labor costs have risen so much in China and the Yuan had appreciated so much that China has become uncompetitive globally with manufacturing costs being about on par with the USA.

Overall this is an ominous sign of the collapsing global economy.
5782  Economy / Economics / Re: Devaluation of Chinese Yuan on: August 12, 2015, 02:33:05 AM
The purpose of the Yuan devaluation is likely to be that the investment opportunities in the local economy had dried up and this was causing rampant speculation. Many were finding they could make more money betting short against the stock market than investing for example in export industry. Also there was a carry trade of borrowing abroad and bringing the money into the local economy to speculate with.

This is designed to boost competitiveness of the export and industrial sector, which will also diminish some of the speculation. This is an admission of defeat on the short-selling ban.

We should view this as a sign of massive global deflation and the coming stampede into the US dollar and US dollar denominated investments such as the stock market.

This is a reflection of the China's collapsing manufacturing sector, which has I believe two consecutive readings below 50. It was turning into a rout. Also labor costs have risen so much in China and the Yuan had appreciated so much that China has become uncompetitive globally with manufacturing costs being about on par with the USA.

Overall this is an ominous sign of the collapsing global economy.
5783  Economy / Economics / Re: Economic Totalitarianism on: August 12, 2015, 02:25:30 AM
Weird:

http://www.abc.net.au/news/2015-08-11/perth-artist-grows-ear-on-his-arm-plans-to-connect-to-internet/6689794
5784  Economy / Economics / Re: Martin Armstrong Discussion on: August 11, 2015, 11:21:51 AM
FWIW: Today's news in Greece reveal 11 points of agreement with the EU representatives. What is significant enough, is the fact that they seem NOTHING like the austerity measures we expected!

Huh  Huh

They are forcing you to sell off your assets to the creditors:

http://www.cnbc.com/2015/07/14/greeces-55b-privatization-fund-how-it-will-work.html

All they did was lower the expected surpluses, but you weren't going to be in surplus anyway, so this effectively no change.

All the reforms are still there, including increased taxes, etc.

The IMF was holdout because it wanted to force the privatization fund.

Now the banksters got you by the balls.

Your asshole PM is playing ball with the banksters and he wants to kick out the leftists.

You're fucked.
5785  Economy / Speculation / Re: PnF TA on: August 11, 2015, 11:20:14 AM
FWIW: Today's news in Greece reveal 11 points of agreement with the EU representatives. What is significant enough, is the fact that they seem NOTHING like the austerity measures we expected!

Huh  Huh

They are forcing you to sell off your assets to the creditors:

http://www.cnbc.com/2015/07/14/greeces-55b-privatization-fund-how-it-will-work.html

All they did was lower the expected surpluses, but you weren't going to be in surplus anyway, so this effectively no change.

All the reforms are still there, including increased taxes, etc.

The IMF was holdout because it wanted to force the privatization fund.

Now the banksters got you by the balls.

Your asshole PM is playing ball with the banksters and he wants to kick out the leftists.

You're fucked.
5786  Alternate cryptocurrencies / Altcoin Discussion / Re: Give me a logical reason why Vanilla coin is not a top ten coin? on: August 11, 2015, 10:48:19 AM
I'll readily admit I am wrong if John Conner is able to show some details and convincing proof against Sybil attacks on the global lock consensus.
It's your duty to prove it not mine.


Actually both of you are wrong on this.
If TPTB_need_war thinks that there is a bug, he should be able to demonstrate that. If john-connor believes that's not true, he should give a detailed technical explanation about why TPTB_need_war is wrong. ...and so on.

These "There's a bug you scammer!" "No, I don't think so. Mkay?" style discussions doesn't make too much sense.

It is not a bug. It is complete lack of Byzantine fault tolerance. A bug is an implementation error. This is a holistic design error. There is no design. Virtual synchrony is his claimed method. Virtual synchrony does not provide Byzantine fault tolerance.

What more is there for me prove? You are asking me to prove a dog isn't a cat. Isn't it obvious a dog is not a cat.
5787  Alternate cryptocurrencies / Altcoin Discussion / Re: Give me a logical reason why Vanilla coin is not a top ten coin? on: August 11, 2015, 10:31:04 AM
They should at least show how they achieve Byzantine fault tolerance, so that people can evaluate. All we have for now are some general statements about using Virtual synchrony, but those methods are known to not be Byzantine fault tolerant.

What appears to be the case here is some guy with some P2P programming experience decided he knows something about areas outside his area of knowledge, but so far hasn't shown sufficient documentation of his expertise in the form of a detailed and well developed white paper. The cart shouldn't come before the horse, unless it is tolerated by n00bs and fanboiz.

I (as AnonyMint) actually showed that Evan (duf) was likely doing a scam or at least that his technology wasn't sound, but I didn't make my criticism overt. I didn't know anything about the alleged premine and I have never involved myself in that issue. I made it appear I was helping him, and in fact I did try to help him. But I was simultaneously pointing out that his master node concept was unsound in terms of sybil attacks (but I didn't make it too obvious and I allowed a lot of n00bs and fanboiz to pump it up). I offered him the best suggestions I could for making it the least unsound. Since then CoinShuffle has improved upon CoinJoin and Dash should be using that instead. But still it will never be able to overcome some problems inherent in off chain anonymity. On chain anonymity will be superior for nearly all use cases. The reasons will be explained in detail at the opportune time.

At least with DarkCoin (Dash), it was offering some privacy. So I felt it wasn't my place to tell n00bs and fanboiz to choose between CoinJoin and Cryptonote. I figured let them learn over time.

I do not own any XMR. But you can see I have said it is the best on chain anonymity that I am aware of for the moment (except my research which is coming which is better than Monero).

But in the case of this VanillaCoin, it is claiming something which I can't even see it does at all. I don't see any documentation of the claimed zerotime Byzantine fault tolerance.

I will not go against a coin illogically. If John Conner shows the necessary explanations and technicals, then I will rescind.

We've (the Bitcoin community) burned up a lot of the capital that should instead be reserved for funding genuine new technology that could really improve the world. We can't allow charlatans to continue to extract this capital from our base of users because we need that capital to do important work.
5788  Alternate cryptocurrencies / Altcoin Discussion / Re: Give me a logical reason why Vanilla coin is not a top ten coin? on: August 11, 2015, 10:06:08 AM
Thank you for your contribution! Your presence is always welcomed. Always been a fan of your insight and skills.

I'll readily admit I am wrong if John Conner is able to show some details and convincing proof against Sybil attacks on the global lock consensus.
It's your duty to prove it not mine.

Bullshit.

I am calling scam on this coin now:

https://bitcointalk.org/index.php?topic=1148745.msg12111401#msg12111401

Inability to prove something on a controlled testnet is not the same as sustaining Byzantine tolerance on the open internet. Besides, no one has time to go diving into your code to prove that. $2100 bounty can't buy more than a couple of days of my time. And I can't even be sure you haven't controlled something on the testnet that prevents proving the point, until I dig in and then I might lose the time. Sorry. I am working on something now that is worth $millions or more, so why would I stop to mess around in your testnet. Sorry!

You have an obligation to show in your white paper how the Byzantine fault tolerance is achieved.

Operation shit coin clean out in underway. No more bullshitters will be allowed.

Edit: also with the bountry denominated in VNL, then by the time it is paid out, it will probably worth 0. Because you will have already proved that the coin is broken.
5789  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [BOUNTY] VNL - Vanillacoin - ZeroTime double-spend reward on: August 11, 2015, 09:57:56 AM
The problem is that virtual synchrony, which is the mechanism used to synchronise the mempools is not designed for Byzantine failures:

https://en.wikipedia.org/wiki/Virtual_synchrony

Quote
None of the three models can handle more complex failures, such as machines that are taken over by a virus, or a network that sometimes modifies the messages transmitted. The so-called Byzantine agreement model goes beyond the data replication schemes discussed here by also solving such issues, but does so at a price: Byzantine replication protocols typically require larger numbers of servers, and can be much slower.

So, if you can pretend to be multiple clients (of which the cost is zero), you can influence replication and therefore affect a double spend. This is essentially a sybil attack.

Thank you for saving me some time.

You don't seem that busy since you can do various comments...

You are here at my desk?

What is a "slot" in regards to ZT? It will be funny to see your answer.

Just answer the challenge to show some proof of your algorithm's capability for Byzantine fault tolerance, and stop playing "obfuscation by naming semantics" shell games.
5790  Economy / Speculation / Re: PnF TA on: August 11, 2015, 09:55:49 AM
No doom anymore?

You can't wait a month? Impatient?
5791  Economy / Economics / Re: Economic Devastation on: August 11, 2015, 09:53:11 AM
Yea but c`mon we live in the 21 century, we transcended already our lack-of-technology based cultural/human needs.

You are missing the point of the cultural legacy gradually feeds into what we have now.

The root of what you see now derives from history of the culture.

Go study the fertility map on Europe and you will see it nearly mirrors the historic Hajnal line, with France the exception due to learning how to use socialism to steal from employers to give women the right to work when they are the worst candidate for the job.

I think you really didn't study all my links and think deeply.

You can stop the huge red text please. It is annoying. CoinCube and I started this thread, and I don't appeciate you thinking you can just shout your opinions in huge red text. Please act civil.
5792  Economy / Economics / Re: Economic Totalitarianism on: August 11, 2015, 09:45:20 AM


Looks like you are in a rush, so we'll catch up with you later (or maybe never, you know Philippine and maņana time):

5793  Economy / Economics / Re: Economic Devastation on: August 11, 2015, 09:17:32 AM
Well you have AnonyMint (me), your walking encyclopedia at your service...

Asians are also collectivists, for i dont know what reason.

It is because rice cultivation is labor intensive and need collectives to manage collective irrigation:

http://news.virginia.edu/content/rice-theory-explains-north-south-china-cultural-differences-study-shows

http://news.discovery.com/human/psychology/rice-vs-wheat-people-crops-yield-different-traits-140508.htm

http://unenumerated.blogspot.com/2014/10/transportation-divergence-and.html

http://blog.jim.com/politics/why-east-asians-vote-democrat/

That is why for Asians it is always what is best for the community that is paramount. You never stick you head up too high above the poppy seeds.

So it can be a genetic thing, but also a cultural one.

It is probably environmental. Before the last Little Ice Age, Europe had the perfect environment (it was warmer then than now, they grew strawberries in England!), nearly completely devoid of natural disasters such as tornados, hurricanes, drought, and earthquakes. That is probably why the population ballooned and the Dark Age extended for so long because there were too many farm works to justify inventing industrialization. The Black Death solved that problem killing off 60% of Europe's population and suddenly the Industrial Age was born.

http://unenumerated.blogspot.com/2013/11/european-asian-divergence-predates.html
http://www.forbes.com/sites/joelkotkin/2012/05/30/whats-really-behind-europes-decline-its-the-birth-rates-stupid/
http://ec.europa.eu/eurostat/statistics-explained/index.php/Fertility_statistics_in_relation_to_economy,_parity,_education_and_migration

That population explosion in Europe with very productive wheat production requiring not much labor, creating a situation where women were encouraged to not marry early:

https://en.wikipedia.org/wiki/Hajnal_line



And that folks is why Europeans hate children until now. It is ingrained in them from the suffering Europeans went through. They suffered from their own fortune of having a great climate and an efficient grain production.

What did in France was make it impossible to refuse a women work nor to fire her, no matter how bad she is at the job, and thus they subsidized fertility at the cost of driving their economy towards bankruptcy. They basically bribed the women:

http://www.theguardian.com/world/2015/mar/21/france-population-europe-fertility-rate

http://www.mondaq.com/x/38434/New+French+Equal+Opportunities+Law+Limits+Use+of+Candidate+Data+in+Recruitment+Process

It is going to fail spectacularly for France.

http://blog.jim.com/politics/the-reason-that-women-need-to-be-subordinated-for-successful-reproduction/

http://esr.ibiblio.org/?p=3000

http://blog.jim.com/culture/the-false-life-plan/
5794  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [BOUNTY] VNL - Vanillacoin - ZeroTime double-spend reward on: August 11, 2015, 06:05:37 AM
Zilchcoin

Zerotime to zero consensus. Zero for all and all for zilch.  Cheesy

(sorry just needed to crack a joke... so much tension here when ever disagreeing with fanboiz)
5795  Alternate cryptocurrencies / Altcoin Discussion / Re: Give me a logical reason why Vanilla coin is not a top ten coin? on: August 11, 2015, 05:51:22 AM
Thank you for your contribution! Your presence is always welcomed. Always been a fan of your insight and skills.

I'll readily admit I am wrong if John Conner is able to show some details and convincing proof against Sybil attacks on the global lock consensus.
5796  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [BOUNTY] VNL - Vanillacoin - ZeroTime double-spend reward on: August 11, 2015, 05:46:24 AM
I like talking to myself...

Reread my posts (I added analysis). And weep fool.
5797  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [BOUNTY] VNL - Vanillacoin - ZeroTime double-spend reward on: August 11, 2015, 05:22:15 AM
One could argue that if all "slots" in the zerotime algorithm report a lock, then there is consensus.

The description of the algorithm in the white paper doesn't appear to discuss what is done when there is discord (as I wrote above just a blackbox in a chart). It is in that area that the influence of a Sybil attack needs to be analyzed. I didn't have time to detail exactly how it breaks down, but the research has been done by others in terms of analyzing how consensus can propagate in the face of a Sybil attack.
5798  Alternate cryptocurrencies / Altcoin Discussion / Re: Give me a logical reason why Vanilla coin is not a top ten coin? on: August 11, 2015, 05:15:41 AM
I believe he is referring to my post about the zerotime algorithm being unsound. I'd rather argue that the argument that the algorithm could work is speculation. The argument against it being sound appears to be much more based in research and prior art analysis. But yes, let's wait for him to respond. Maybe I've totally overlooked something. But I strongly doubt it. I am reasonably expert in this field.

Edit: why i am doing this? Because someone asked me in a PM for my opinion. And also because I don't want to see people throwing more good money down rat holes. Shitcoin shit needs to be called out.
5799  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [BOUNTY] VNL - Vanillacoin - ZeroTime double-spend reward on: August 11, 2015, 05:06:45 AM
Let me add that is essentially what he has done is to incentivize network propagation influence. Thus adversary floods the network with a Sybil attack.

Does the word "sybil" even appear in the white paper? I should check.

The zerotime paper does tersely mention Sybil attacks:

https://github.com/john-connor/papers/blob/708f488c8c17e08a12bc4bdb4fc5ac1e2aaf6e24/zerotime.pdf

Quote from: John Conner
Security Considerations

The inability to forge identities in the UDP routing layer prevents Sybil attacks and the structure of the network was designed to deal with common attacks found in DHT-like systems.

There he is talking about his past experience in for example Bittorrent client systems where a DHT is employed. A DHT system is concerned with mapping hashes to resources where the reference point can be the IP address for example. That is a different issue than propagating a consensus wherein there is no reference point because the adversary is forming the transactions and the routing decisions at-will, which can be uncorrelated from the IP address.

There are no details provided whatsoever. All we see is a chart of a blackbox called "Lock Tx eviction mismatch". Great so the n00bs are just going to accept some technobabble as gospel. Nice circle jerk but it won't get by me.



P.S. What is up with the name? Blueberrycoin again. A name is very important. Ice cream has what to do with currency? Ice Ice baby, lol.  Cheesy


Edit: why i am doing this? Because someone asked me in a PM for my opinion. And also because I don't want to see people throwing more good money down rat holes. Shitcoin shit needs to be called out.
5800  Alternate cryptocurrencies / Altcoin Discussion / Re: Give me a logical reason why Vanilla coin is not a top ten coin? on: August 11, 2015, 04:50:56 AM
Instant sending needs to be done. I think I know how to do it. I don't think VanillaCoin's method is sound per my post in the other thread. Let's see what John Conner has to say about it.

As I wrote before, the DarkPP is apparently vaporware. Afaics, nothing has been revealed about anonymity. I've (as AnonyMint) have been working on anonymity for 2 years. I doubt very much he has the innovations on anonymity that I have.
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