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5801  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [BOUNTY] VNL - Vanillacoin - ZeroTime double-spend reward on: August 11, 2015, 04:28:32 AM
Apologies problem with eye sight earlier (no joke). Now I see the bounty rules link. So roughly $2100 at current exchange rate. Probably not worth my time right now, because I am working on something orders-of-magnitude more lucrative and under a deadline.

I changed the post in the other thread, so as to link to this thread and check for discussion here.

I am not referring to a 51% attack.

It appears there is some sort of "zerotime" algorithm wherein the P2P network attempts to form a consensus (a "global lock") on inputs to a 0-confirmation transaction sent to the network. I didn't study the details of the network propagation exhaustively. I see some diagram with "slots" and various nodes propagate a lock logic across the P2P network.

Well recently Skycoin has proven the game theory about Sybil attacks with reputation, propagation networks and the best case is that if 7% of the nodes lie, then the network fails to get the correct consensus:

Our new paper of phase II research on consensus is released: http://arxiv.org/abs/1507.03927
Still a lot to do further.

I will quote from your white paper:

Quote
Under the SkyHash model the wiki dataset can survive under
DoS attack committed by 7% random nodes or 0.9% top
influential nodes defined as the first 0.9% nodes by sorting all
nodes in descendant order on the count of a node’s followees,
however, the throughput will decrease 50% even when the
network survives. In all the cases that the network survives,
correct nodes can always reach almost-everywhere consensus
within 45 seconds without correct nodes agree at different
values, while under DoS attack by 7% random nodes, 1.5%
nodes refuse to agree at any values, and under DoS attack by
0.9% top influential nodes, 4% nodes refuse to agree at any
values.
As we introduced in Section II, Bitcoin’s PoW is the
best Sybil-proof consensus at present, but it is a different
mechanism to our work and not comparable directly in Fig. 6.
Through the automatic adjustment of the difficulty of PoW,
Bitcoin generates a block in about 10 minutes, and a fully
confirmed consensus need 6 blocks thus needs about 1 hour.
However if a single node or a group of nodes has a large
proportion of compute power, it can compromise the network
and create a fork. Table II shows the probability of success
attack for 6 blocks confirmations [23]. If one adversary in
Bitcoin has a threatening compute power, the whole network
can’t do anything to resist it because the power is controlled
by the adversary itself, while in our approach a node’s power
is controlled by its followees, thus a node can be unarmed by
unfollowing it.

...

Rather the key innovations of your consensus algorithm appear to be:

  • It is based on reputation following instead of compute power.
  • The fail case is only 7% (or 0.9% for influential nodes) versus 50% (or actually as low as 25% for selfish-mining) for proof-of-work.
  • It doesn't waste computing resources and electricity.

...



Hopefully you can understand the "global lock" is not leveraging any compute power for Byzantine fault resistance, i.e. it is not proof-of-work. Rather it is relying on the structure of the propagation of the P2P network to converge on a consensus. This is basically analogous to Skycoin's consensus network at the conceptual level. So the analysis of vulnerability should be in the same ballpark.

There are no short-cuts around proof-of-work or proof-of-share for unambiguous, global consensus, i.e. Byzantine fault resistance. If the developer of VanillaCoin thinks otherwise, he needs to prove it with some math. I don't see any such proofs in the white paper.

It is almost as if he didn't learn Bitcoin 101, which is ludicrous to say, because obviously he is knowledgeable. So either I have a big blind spot or he just somehow deluded himself. It is actually bizarre.

The only thing you could do is poll the nodes and make sure 51% of the network hashrate is reporting the global lock. If you can tie the reputation to hashrate, then you might have a solution. But then the problem is they can lie and you can't prove they won't (if necessary via a Sybil identity).

You've got three ways to do consensus: proof-of-work, proof-of-stake/share, or long-term reputation.

If it was as simple as he apparently thinks it is, don't you think it would have already been done for Bitcoin?
5802  Economy / Economics / Re: Economic Totalitarianism on: August 11, 2015, 02:16:49 AM

Of course the retired former yuppies come out to the farms and expect it to be clean and without any manure.

In S.A., you purchase a 1,000 or 10,000 acre farm so this doesn't become an issue. 150 ha seems a bit small to attempt what he is doing in a country like Australia. I would say it is his fault. Just like it will be your fault if you stay there and suffer the consequences. Blame doesn't pay the rent.

Without extra feeding as he is doing, I think the general rule is maximum of 2 head of cattle per ha.
5803  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero Economy on: August 11, 2015, 02:09:53 AM
CKG market cap currently is 811,530 XMR. (calculated by the current midprice of 0.81 XMR * 1,000,000 CKG total existing)

A half $million. Impressive for a game. As I said, I am not criticizing it for the market it targets. I am talking about relative priorities. I hope my friend can make the distinction. Also I stated that it might be demonstrating a model of distributing coins to the users which could be employed in markets that much more diverse and larger than just games. Okay I will really shut up now. Thanks.
5804  Alternate cryptocurrencies / Altcoin Discussion / Re: Give me a logical reason why Vanilla coin is not a top ten coin? on: August 11, 2015, 02:05:16 AM
To those wondering if double spend is possible, a bounty is available. Could probably be paid in BTC if preferred.

https://bitcointalk.org/index.php?topic=1148745.0

My reply there, please go there for further discussion and their rebuttal:

How much is the bounty?

Will it pay out if I just tell you how it can be done?

It is pretty simple actually. Bribe some nodes by sharing some of the double-spend theft.

There is created an incentive to aggregate mining power in order to sell capacity to double-spend. It is an economics issue. Just because it can't be accomplished on the controlled testnet is irrelevant.
5805  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [BOUNTY] VNL - Vanillacoin - ZeroTime double-spend reward on: August 11, 2015, 02:04:34 AM
How much is the bounty?

Will it pay out if I just tell you how it can be done?

It is pretty simple actually. Bribe some nodes by sharing some of the double-spend theft.

There is created an incentive to aggregate mining power in order to sell capacity to double-spend. It is an economics issue. Just because it can't be accomplished on the controlled testnet is irrelevant.
5806  Other / Politics & Society / Re: Up Like Trump on: August 11, 2015, 01:55:31 AM
Trump is a Trojan Horse. He is for big business and military-industrial DEEP STATE power:

http://journal.ijreview.com/2015/08/246266-dont-fall-for-a-fake-conservative/
5807  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero Economy on: August 11, 2015, 01:26:13 AM
Hey apologies for being a drama queen, but in all honesty I am having trouble with my vision again today and I might be going blind. And I am struggling so much to work when I shouldn't be. I guess in that light, games seem like games to me. And causing me to do anything more than say "do it" seems to be wasteful and disrespectful. Is that egoist? Yes I guess so, and if Risto instituted the necessary security and received a copy of a white paper, the I think his jaw would drop to the floor and he could spank himself. Enuf' said. I am not going to mention it again. Apologies again for venting.

Edit: those who think this is a game are in for a rude awakening:


Note the NewScientist article has been scrubbed from the internet. Can't even find it on archive.org.

I've been noticing this phenomenon of scrubbing the internet is becoming more common. For example all of Michael Pettis's old blogs (which were hacked in 2013 and 2014) have also since disappeared from archive.org in 2015.

TPTB are stepping up and preparing...
5808  Economy / Economics / Re: Martin Armstrong Discussion on: August 11, 2015, 12:32:27 AM
Trump is a Trojan Horse. He is for big business and military-industrial DEEP STATE power:

http://journal.ijreview.com/2015/08/246266-dont-fall-for-a-fake-conservative/
5809  Economy / Economics / Re: Economic Totalitarianism on: August 11, 2015, 12:31:27 AM
Trump is a Trojan Horse. He is for big business and military-industrial DEEP STATE power:

http://journal.ijreview.com/2015/08/246266-dont-fall-for-a-fake-conservative/
5810  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero Economy on: August 10, 2015, 11:57:03 PM
I'm not at ease reading that because you seem to confuse PM and public posts.

There are only so many times you can ask a friend in private to please establish computer security because there is something important you would like to discuss with him anonymously. Even going so far as to explaining things in Skype with a voiceprint that is incriminating, and hoping that would be enough to motivate. Apparently not. So I must just accept it.

The basic issue is that Risto doesn't believe in anonymous development. He believes in being a martyr and making all your resistance to Satan public and let him put you in jail or what ever. For him, society must either stand up en masse or else we are martyred. What he doesn't seem to appreciate is that his culpability as an investor is nearly nothing compared to the culpability of the lead developer. It is an asymmetrical risk factor that he is callous about.

P.S. I am also not at ease posting that. Someone who has been helpful to you, and you don't want to go against him in any way. I am accustomed to working with very efficient people, where you say one word and it gets done. I am not accustomed to having to lose so much time. I have been nearly always a supporter of Risto. The areas where I have disagreed with him are a) telling newbies to HODL during a secular market decline, b) trying to create a forum (which failed) where reputation and moderated threads would be rule, i.e. censorship, and c) not respecting the anonymity needs of at least one developer. It his choice of course. I guess I am just shooting myself in the foot, because I can't lie to myself.

Anyway for the public part, what did you do for the good of the world in the last year that would make a practical example of what an idealist with capabilities can target and  achieve?

Nothing (public).

I understand the implication. Who the hell am I? Prima donna right.


Edit: I suppose I am going to have to accept that Risto and I have a fundamentally different philosophy about organization. As best as I can ascertain his views, it appears to me he fundamentally believes in top-down control and moralistic organization, i.e. that there is a right and wrong and the leaders have an obligation to publicly display and enforce right from wrong. Whereas, I fundamentally believe in the Second Law of Thermodynamics and the trend of entropy to maximum, i.e. I'd prefer to be part of Adam's Smith's Invisible Hand force of nature. That you can't "see" what I am doing is a feature, not necessarily a fault. Stroking my ego is irrelevant.
5811  Economy / Economics / Re: Economic Devastation on: August 10, 2015, 11:37:56 PM
Indeed a human is just an animal with a slightly higher level of reasoning. If you offer the animal unlimited free, addictive food (e.g. sugar or MSG laden), it eats and eats until it dies of obesity. Would you like to McUpSize that.

Mancur Olsen's The Logic of Collective Action explains this well.

In Europe the McUpSize has been on humanism rather than America's fatfood craze ("you are a liberated woman in control of your own body and that is why you can fuck anything you want to including but limited to you another woman's tongue and never bear offspring"). Europeans see themselves as more sophisticated socialist pigs.

The only way I can envision to squelch this phenomenon is to make it economically impossible to form top-down enforced collectives larger than a local community, i.e. remove the capability to form a power vacuum of control that must be filled by power (with corruption being naturally the most powerful mode). Local community reputation (within our Dunbar limit) naturally contain abusive excesses ("you are a fat lardass", "you are a disgusting dyke" says your neighbor). All my work on making anonymous decentralized crypto, is about making it impossible for a collective to exist per Max Weber's canonical definition, "State is a monopoly on the use of force".

I don't believe in anarchistic anything. To believe that such a system would work you have to believe that individuals are inherently good. I believe that in general individuals gravitate towards being inherently bad

Individuals can't do that much bad against a society where citizens can carry guns.

Rather it is the collective organization of individuals that empowers the State to have the might to enact horrific megadeath.
5812  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero Economy on: August 10, 2015, 11:09:17 PM
The less fucks I give to the critics, the more fun I have, and everybody else around me. Let the others save the world with their preferred method, I am just happy!  Smiley

Okay. I take the problems in the world today very seriously to heart. I personally couldn't be off playing while Rome burns.

I think possibly you've identified an important economic paradigm, which is distributing the coins to the users of the coin.

I just thought maybe you were serious about turning that finding into a world changing endeavor.

I am serious about trying to do that.

I want to work with serious people. (Especially those who are not too busy working on their game development to order a $75 Rasberry Pi 2 and set up some basic computer security for communicating with developers who wish for their communications with angel investors to remain anonymous.)

When I used to know you before you got rich and you were a hungry silver dealer, you were very serious.

Apologies if I am putting my current condition on you. Indeed I am sick, hungry for achievement, and even desperate. You are rich, have a new baby, and probably just want to savor life some. I wonder if that will happen to me if I get rich? I think so. When I was rich before (18,000 oz of silver in 2008), I managed to lose it all. Seems to be a pattern that happens to the newly rich.

Btw, I wasn't criticizing your achievement with the game in terms of what a game could achieve. It appears to be a noteworthy accomplishment in the context of what a game can achieve in cryptoland. I am lamenting priorities.

And who knows. Maybe everybody will be playing games and that will be a huge economic paradigm. (somehow I doubt it)

My gosh Risto, I am not trying to fuck with you. Nor give you any major criticism. I am just dismayed that we can't even communicate securely. I've been waiting for over a year for you to establish some elementary computer security.
5813  Alternate cryptocurrencies / Altcoin Discussion / Re: Give me a logical reason why Vanilla coin is not a top ten coin? on: August 10, 2015, 11:04:42 PM
Afaics his abstract paper does not deal with some of the intricacies of the economics that have to be solved in order to make the design actually work in the real world.
You see that often in unseasoned theorists.

Someone asked me in a PM for my opinion of VanillaCoin. I just expended 15 minutes studying it for the first time:

https://bitcointalk.org/index.php?topic=977245.0

The DarkPP stuff is vaporware and no details are available.

It claims some efficiency improvements over Bitcoin and Peercoin. Appears the developer is a seasoned P2P networking programmer. If I had to venture a guess, he probably was a former developer of a Bittorrent client.

The main feature of significance is the zero confirmation time research which attempts to gain a faster consensus. Unfortunately he seems to entirely forget any game theory analysis. The Byzantine fault tolerance in proof-of-work consensus is due to game theory incentives given by the proof-of-work rewards. He expects these peers to behave a certain optimum way when they are not being paid to do so. Many faults will be found in his design because of this. I don't have time to go outline the faults.

Satoshi was a lot more astute than many people might realize. If you are going to improve upon Satoshi's work, you need to be very sharp.
5814  Economy / Economics / Re: Martin Armstrong Discussion on: August 10, 2015, 10:56:32 PM
https://thomasdorsey.wordpress.com/2015/08/10/the-continuous-commodity-index-uvy-theodore-modis/

"The continuous commodity index has completed a second S-shaped growth step that began in the 1990s. The downward deviation observed since the beginning of 2011 is arriving at its bottom. The turnaround point is expected between 2-Jan-2016 and 8-Aug-2016. From then onward, an upward trend should peak around 9-Aug-2019."

Last post is compliant with Martin Armstrong predictions as far as I understand.

TPTB?

I do believe BTC will make new all time highs 2017 or thereafter.

Yep. And MA's computer Socrates is remaining long gold until the first week of September. Appears that Aug. 10 (the yellow bar) is a turning point for a short-covering, short-term rally up to roughly $1140s, not for a crash. So you may want to go long again BTC for another rally up to the long-term trend line at $325±10 before we go short again for the collapse down to double digits:

http://www.armstrongeconomics.com/archives/35822

What changes after 2019, is that Asia's collapse will bottom as of 2020.05 (while the West will continue to spiral off into the demographic, politico-economic decay). That is 2015.75+4.3. Half of an 8.6 year cycle on the ECM (1000 x Pi days).

So perhaps from 2020, there is enough confidence to divest gold and start investing in Asian bonds paying high interest rates. I do believe FATCA will be in full force and enforced by the Chinese against foreigners. So you won't be divesting of your gold without paying the taxman back in your home Western country which might entail very high levels of taxation or even expropriation for "money laundering" when you can't show that you purchased the gold from an "approved dealer" (and other variants of the corrupt nonsense known as Civil Asset Forfeiture). I assume physical cash won't exist by that time, at least not in China, Hong Kong, and Singapore. Will be interesting to see how cash is phased out in these banana republics such as the Philippines.

This rally is a short-covering rally, but the justification for the greater fools will be that the contagion will demand another QE. Except this time the Fed will be raising interest rates not doing QE.

http://www.zerohedge.com/news/2015-08-10/gold-silver-are-surging-heavy-volume

Quote from: Tyler Durden
Hedgies are the most short ever... and Commercials are the least hedged in 14 years... and it appears rumors of PBOC buying along with dismal data from around the world has sparked a renewed awareness of another looming QE sending gold well north of $1100 and silver back above $15.

Let's see if BTC moves up with gold or if they are anti-correlated on short-term moves. I am fairly certain they are correlated on the general down trend. That is the problem with any straightforward correlation calculation, as there are correlations within the correlations. Hidden order is fractal in chaos theory. Armstrong has a computer correlating all these possible fractal orders. Unfortunately he apparently doesn't have enough historical data on Bitcoin to model it.
5815  Economy / Speculation / Re: Free money available on: August 10, 2015, 10:49:54 PM
https://thomasdorsey.wordpress.com/2015/08/10/the-continuous-commodity-index-uvy-theodore-modis/

"The continuous commodity index has completed a second S-shaped growth step that began in the 1990s. The downward deviation observed since the beginning of 2011 is arriving at its bottom. The turnaround point is expected between 2-Jan-2016 and 8-Aug-2016. From then onward, an upward trend should peak around 9-Aug-2019."

Last post is compliant with Martin Armstrong predictions as far as I understand.

TPTB?

I do believe BTC will make new all time highs 2017 or thereafter.

Yep. And MA's computer Socrates is remaining long gold until the first week of September. Appears that Aug. 10 (the yellow bar) is a turning point for a short-covering, short-term rally up to roughly $1140s, not for a crash. So you may want to go long again BTC for another rally up to the long-term trend line at $325±10 before we go short again for the collapse down to double digits:

http://www.armstrongeconomics.com/archives/35822

What changes after 2019, is that Asia's collapse will bottom as of 2020.05 (while the West will continue to spiral off into the demographic, politico-economic decay). That is 2015.75+4.3. Half of an 8.6 year cycle on the ECM (1000 x Pi days).

So perhaps from 2020, there is enough confidence to divest gold and start investing in Asian bonds paying high interest rates. I do believe FATCA will be in full force and enforced by the Chinese against foreigners. So you won't be divesting of your gold without paying the taxman back in your home Western country which might entail very high levels of taxation or even expropriation for "money laundering" when you can't show that you purchased the gold from an "approved dealer" (and other variants of the corrupt nonsense known as Civil Asset Forfeiture). I assume physical cash won't exist by that time, at least not in China, Hong Kong, and Singapore. Will be interesting to see how cash is phased out in these banana republics such as the Philippines.

This rally is a short-covering rally, but the justification for the greater fools will be that the contagion will demand another QE. Except this time the Fed will be raising interest rates not doing QE.

http://www.zerohedge.com/news/2015-08-10/gold-silver-are-surging-heavy-volume

Quote from: Tyler Durden
Hedgies are the most short ever... and Commercials are the least hedged in 14 years... and it appears rumors of PBOC buying along with dismal data from around the world has sparked a renewed awareness of another looming QE sending gold well north of $1100 and silver back above $15.

Let's see if BTC moves up with gold or if they are anti-correlated on short-term moves. I am fairly certain they are correlated on the general down trend. That is the problem with any straightforward correlation calculation, as there are correlations within the correlations. Hidden order is fractal in chaos theory. Armstrong has a computer correlating all these possible fractal orders. Unfortunately he apparently doesn't have enough historical data on Bitcoin to model it.
5816  Economy / Speculation / Re: PnF TA on: August 10, 2015, 10:27:58 PM
https://thomasdorsey.wordpress.com/2015/08/10/the-continuous-commodity-index-uvy-theodore-modis/

"The continuous commodity index has completed a second S-shaped growth step that began in the 1990s. The downward deviation observed since the beginning of 2011 is arriving at its bottom. The turnaround point is expected between 2-Jan-2016 and 8-Aug-2016. From then onward, an upward trend should peak around 9-Aug-2019."

Last post is compliant with Martin Armstrong predictions as far as I understand.

TPTB?

I do believe BTC will make new all time highs 2017 or thereafter.

Yep. And MA's computer Socrates is remaining long gold until the first week of September. Appears that Aug. 10 (the yellow bar) is a turning point for a short-covering, short-term rally up to roughly $1140s, not for a crash. So you may want to go long again BTC for another rally up to the long-term trend line at $325±10 before we go short again for the collapse down to double digits:

http://www.armstrongeconomics.com/archives/35822

What changes after 2019, is that Asia's collapse will bottom as of 2020.05 (while the West will continue to spiral off into the demographic, politico-economic decay). That is 2015.75+4.3. Half of an 8.6 year cycle on the ECM (1000 x Pi days).

So perhaps from 2020, there is enough confidence to divest gold and start investing in Asian bonds paying high interest rates. I do believe FATCA will be in full force and enforced by the Chinese against foreigners. So you won't be divesting of your gold without paying the taxman back in your home Western country which might entail very high levels of taxation or even expropriation for "money laundering" when you can't show that you purchased the gold from an "approved dealer" (and other variants of the corrupt nonsense known as Civil Asset Forfeiture). I assume physical cash won't exist by that time, at least not in China, Hong Kong, and Singapore. Will be interesting to see how cash is phased out in these banana republics such as the Philippines.

This rally is a short-covering rally, but the justification for the greater fools will be that the contagion will demand another QE. Except this time the Fed will be raising interest rates not doing QE.

http://www.zerohedge.com/news/2015-08-10/gold-silver-are-surging-heavy-volume

Quote from: Tyler Durden
Hedgies are the most short ever... and Commercials are the least hedged in 14 years... and it appears rumors of PBOC buying along with dismal data from around the world has sparked a renewed awareness of another looming QE sending gold well north of $1100 and silver back above $15.

Let's see if BTC moves up with gold or if they are anti-correlated on short-term moves. I am fairly certain they are correlated on the general down trend. That is the problem with any straightforward correlation calculation, as there are correlations within the correlations. Hidden order is fractal in chaos theory. Armstrong has a computer correlating all these possible fractal orders. Unfortunately he apparently doesn't have enough historical data on Bitcoin to model it.
5817  Economy / Economics / Re: Economic Totalitarianism on: August 10, 2015, 12:50:19 PM
I don't know what to make of this Skycoin. There is some technical talent. Appears maybe they are sincere. Yet they post a lot of scary words without sufficient citations to prove these scare monger claims, e.g. the claims of doctor in Texas doing bioweapon testing on prisoners. Is that something you read on some Alex Jones site?

Yet the technical results achieved thus far are not so spectacular but not worthless either (see my analysis of the consensus algorithm white paper in the prior post).

I can't decide if this is scam, or what. Seems like maybe a somewhat technically knowledgeable westerner who is shoestring traveling across Asia who writes the long scare monger posts (which may have some validity but seem exaggerated), and he collects the money and pays the Chinese researcher who did the consensus algorithm white paper?

I really don't know.

I don't know how any one can buy an IPO for something that isn't finished and available for trade  Huh

Is there any mechanism by which Skycoins can be sold, so that people who invested in the IPO can divest if they want to? And others can purchase their coins?

The absence of a trading market is indicative of scam. Skycoin please try to correct this asap.

Perhaps you are legit. So please don't leave IPO investors trapped in a non-transparent market.

Or were they told they were angel investors with indefinite time frame for liquidity?

I am really not trying to rain on your parade. I left your thread for the past months. Recently one of your IPO investors asked if I could take a look at the recently released white paper. So I did as a courtesy to him.

Also I want to say thank you, because I got one of my inspirations for a design from this thread some months ago. So again I recognize there is some technical knowledge here. Just not sure about the execution and organization.

Good luck.
5818  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SKY] Skycoin Launch Announcement on: August 10, 2015, 12:42:29 PM
I don't know what to make of this Skycoin. There is some technical talent. Appears maybe they are sincere. Yet they post a lot of scary words without sufficient citations to prove these scare monger claims, e.g. the claims of doctor in Texas doing bioweapon testing on prisoners. Is that something you read on some Alex Jones site?

Yet the technical results achieved thus far are not so spectacular but not worthless either (see my analysis of the consensus algorithm white paper in the prior post).

I can't decide if this is scam, or what. Seems like maybe a somewhat technically knowledgeable westerner who is shoestring traveling across Asia who writes the long scare monger posts (which may have some validity but seem exaggerated), and he collects the money and pays the Chinese researcher who did the consensus algorithm white paper?

I really don't know.

I don't know how any one can buy an IPO for something that isn't finished and available for trade  Huh

Is there any mechanism by which Skycoins can be sold, so that people who invested in the IPO can divest if they want to? And others can purchase their coins?

The absence of a trading market is indicative of scam. Skycoin please try to correct this asap.

Perhaps you are legit. So please don't leave IPO investors trapped in a non-transparent market.

Or were they told they were angel investors with indefinite time frame for liquidity?

I am really not trying to rain on your parade. I left your thread for the past months. Recently one of your IPO investors asked if I could take a look at the recently released white paper. So I did as a courtesy to him.

Also I want to say thank you, because I got one of my inspirations for a design from this thread some months ago. So again I recognize there is some technical knowledge here. Just not sure about the execution and organization.

Good luck.
5819  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SKY] Skycoin Launch Announcement on: August 10, 2015, 12:32:41 PM
Our new paper of phase II research on consensus is released: http://arxiv.org/abs/1507.03927
Still a lot to do further.

I will quote from your white paper:

Quote
Under the SkyHash model the wiki dataset can survive under
DoS attack committed by 7% random nodes or 0.9% top
influential nodes defined as the first 0.9% nodes by sorting all
nodes in descendant order on the count of a node’s followees,
however, the throughput will decrease 50% even when the
network survives. In all the cases that the network survives,
correct nodes can always reach almost-everywhere consensus
within 45 seconds without correct nodes agree at different
values, while under DoS attack by 7% random nodes, 1.5%
nodes refuse to agree at any values, and under DoS attack by
0.9% top influential nodes, 4% nodes refuse to agree at any
values.
As we introduced in Section II, Bitcoin’s PoW is the
best Sybil-proof consensus at present, but it is a different
mechanism to our work and not comparable directly in Fig. 6.
Through the automatic adjustment of the difficulty of PoW,
Bitcoin generates a block in about 10 minutes, and a fully
confirmed consensus need 6 blocks thus needs about 1 hour.
However if a single node or a group of nodes has a large
proportion of compute power, it can compromise the network
and create a fork. Table II shows the probability of success
attack for 6 blocks confirmations [23]. If one adversary in
Bitcoin has a threatening compute power, the whole network
can’t do anything to resist it because the power is controlled
by the adversary itself, while in our approach a node’s power
is controlled by its followees, thus a node can be unarmed by
unfollowing it.

I would not emphasize the speed of your consensus, because there are ways to alter proof-of-work so that instantaneous transactions can be achieved.

Rather the key innovations of your consensus algorithm appear to be:

  • It is based on reputation following instead of compute power.
  • The fail case is only 7% (or 0.9% for influential nodes) versus 50% (or actually as low as 25% for selfish-mining) for proof-of-work.
  • It doesn't waste computing resources and electricity.

I am sorry to inform you that it is possible to make a proof-of-work system that can filter the 51% attack.
5820  Economy / Economics / Re: Economic Totalitarianism on: August 10, 2015, 12:02:08 PM
This dev seems to exaggerate but there may be some validity to this?

Aaron Swartz would still be alive today if he didnt work on SecureDrop.

The United States seems political unstable and people are complaining because the government is running torture centers, doing mass surveillance, destabilizing Yemen/Syria/Libya/Iraq/Iran/Afghanistan and just being evil. Sociopaths gone wild.

There was a doctor who was involved in bio weapon testing on prisoners in Texas and was going to leak because he was upset, and then he gets shot in back of his head in his office and the other professors start getting threats and end up fleeing the state. That was a while ago. Now doctors are being raided by the FDA and then their corpse ends up in a river, with a bullet to the chest and when the body is fished out, its instantly ruled a suicide before any investigation or autopsy. Then another eight related people end up disappeared or violently murdered. Same story.

Same with film makers, people in the media. Investigative journalists. Activists.

Its like there are death squads now.

Generally, once forced disappearances or political purges begin in a country, it can take three or four years before there is widespread awareness that it is happening, even while the authorities deny it. Until then, it is NSA mass surveillance tin foil hat and suicided hunger striking gitmo prisoner tinfoil hat talk.

Those are all indications to leave the country and keep your head down.


You have Agenda 21, zoning laws and federal ownership of state land and other methods of artificially imposed scarcity over land. In San Francisco, for instance, a cartel of real estate developers has used zoning laws and other methods to ensure no new construction takes place, forcing rents to skyrocket to over $5000/month. San Francisco is the poster child for Agenda 21 development, with a person working 60 hours a week shuffling power point slides for a multinational corporation to make $150,000 per year and half of their money going to the government as taxes and the other half going to pay rent, with nothing left over after expenses for savings or accumulation. Personal ownership of property becomes impossible except for executives earning 10 or 15 million from exercising their stock options for Fortune 500 companies, being pumped by the FED Quantitative Easing program, while the rest of the economy is destroyed or centralized.

This is a labor extraction system. Taxes only exist to remove money out of circulation, so that more money can be counterfeited. The literal objective of the system is enslave people and extract the most labor from the population as possible, in the most efficient way.

The homeless, the people who cannot afford rent, afford to own land, or purchase food, under the government controlled real estate and food rates, become wards fully supported by the government (40% of US population currently). Useless eaters to be depopulated. The homeless and destitute, who clutter and shit on the streets of San Francisco, to be rounded up into FEMA camps, disposed of.

Prisons, foreign wars, welfare and fake government jobs serve to burn off the excess productive capacity of the society, to maintain a scarcity of capital. Similarly, only the wealthy can afford children, housing space, private education, child care. Only the most useful slaves in the labor extraction system gets to reproduce to the next generation.

When you look at the FED/government system, it is a labor extraction system. It is actually a superior form, merging Fascism and Communism.

Under communism, workers were assigned jobs and if a person showed up 30 minutes late to work, they were sent to a forced labor for six months. If they showed up late again, they were sent to Siberia. Communism in Russia was a system of slavery. Workers were provided with housing and food. Housing, food and the requirements for human survival only consumed 4% to 6% of industrial output. People were lazy and were not motivated to work or were not as useful slaves. Instead of labor camp, in the United State the threat is homelessness or being forced to rely on government support and losing access to good housing, expensive organic food and then developing diabetes, becoming sterile, obese and developing cancer.

So the United States becomes a society, where the industrial capacity to produce everything that is consumed for basic survival is less than 4% of expenditures or labor for inputs, but where the top portion of the society (the middle and upper middle class) has 80% of their income consumed by a rentier class that has through government regulation and manipulation monopolized ownership of all things required for human survival. The privatization and monopolization of water, electricity, communication, food (all Agenda 21 objectives).

In water monopolization, a private corporation buys up the water rights for a city and studies show that every year the rates are hiked by three times inflation. The monopolization of internet access (a single service provider per area) is not natural, as there were previously dozens of providers but was a result of government action at the local, state and muni levels (complicated). Once monopolized the provider then hiked rates at 3x to 5x inflation. San Francisco, where land ownership has been monopolized and where zoning laws and cartels prevent construction of newer or higher density housing, you see rental prices increasing at a large multiple of inflation and much faster than wages. The cost of healthcare is similarly increasing at 3x to 5x inflation and much faster than wages and the rate of growth has accelerated since Obamacare after the resulting market consolidation. Similarly, the tax rates are increased every year, leaving people with less of a share of their income to be spent on survival and life.

So the economy will eventually reach a point of collapse and crisis. With multiple oligarchies, each monopolizing one aspect of human survival and demanding a greater amount of each person's fixed income each year, until the whole society is driven into destitution and poverty or until a political change and restructuring occurs.

If you look at the trends, soon the US economy will consist of
- two communication companies, each of which monopolizes internet service in each geographic area
- two to four media companies
- two to four food companies who control the whole pipeline from farm to store
- a few water company that monopolizes water distribution in each geographic area
- two healthcare companies "competing' in each geographic area

For example, here is the comcast and time warner coverage and overlap maps. Notice how competition is divided up, so that there is no competition and a single monopoly without any geographic area.

https://i.imgur.com/rLZXlor.png

There are similar maps for healthcare after Obamacare and for the food market.

This is the organic food market, that controls food distribution and pricing to the consumer

https://i.imgur.com/Wm9giYB.jpg

This is the banking industry

https://i.imgur.com/2gEHYGf.jpg

It is not going to stop there. It wont stop with 4 companies. For ISPs, there are already only two companies and Time Warner and Comcast have already tried to merge into a single monolithic national ISP with monopoly control. The merger was only set back temporarily. The government at the current rate will begin approving those mergers within a few years. Or else the companies will be separate, but owned by the same transnational holding company.

So we are seeing mergers within a country and we are also seeing mergers between companies. The stock price of these mega companies, is bid up with FED money and then they print shares to buy out smaller competitors. We are also seeing not only consolidation within the boundaries of individual nation states, but across national boundaries.

When all the corporations have merged, to this degree and they exercise monopoly pricing power, the economic structure of the United States begins to look like communism. We have gone from decentralized food production by tens of thousands of small farmers, to two to four companies owning the whole food chain from farm to store.

https://i.imgur.com/mKRSvnM.png

There is less than 20 years before genocide, economic collapse, political instability, switch to a command economy or other systemic change. None of the graphs for the US economy can keep going for another twenty years.



For instance, no one can spend more than 100% of their income on food, rent or healthcare costs. The rates cannot keep climbing forever.



So the US is doomed. There is a mathematical certainty that the current economic/political system that is driving itself to suicide, cannot continue for another two decades. There is no way the current economic system can survive to the end of Hillary's second term.
- The crisis will likely start in the next 24 months
- all of the people responsible for the crisis will get together and choose the "solution" benefiting them the most, making it even worse
- the bankers/families are figure out some way of keeping the money fraud going in the new system, most of which are being pushed at the UN level, but already meeting fierce and increasing resistance at the local level as people figure out what is going on. If they go through with it, it will have to be at gunpoint and probably entail genocide or something like the Bolshevik revolution.

I looked at the Obamacare and digital health records legislation and how the healthcare industry is being restructured and its like some people sat in a room and said "What is the best and most profitable way to kill off 10,000 people a day who dont have any assets that are taking up resources we could use for something else".

Europe is about a decade ahead of the United States and they are already killing 130,000 people per year in hospitals as a cost saving measure and the US has five times the population.
- http://www.dailymail.co.uk/news/article-2161869/Top-doctors-chilling-claim-The-NHS-kills-130-000-elderly-patients-year.html

The demographics are horrible. The US stock market is being pumped by the the QE program. The US stock market is going to crash to level it should be at because of demographics.  PE multiples will be about 12 after the manipulation ends. The pension funds are going to go under and there will be municipal defaults like Detroit in multiple cities (again forcing privatization of all assets, mineral, water, land rights and anything that can be sold).

Reality:

Then the fact is that debt, currency, laws, they are fake. They are just pieces of paper. They enforced at gun point. Texas might just say "no" and renegotiate of their terms to avoid municipal assets stripping. Its not clear whether power is going to maintain at the federal level or shift to the state level or shift to the UN level. Its going to be determined by military force, not by votes.

Given what I have seen over the last two years and the increase in assassinations and bullshit, I think the world is heading towards crisis, war and anarchy. The new rule seems to be "because you can". If you can do something, you have a right to. If the government can raid 60,000 people a year with SWAT teams, stick NSA anal monitoring probes up someone's ass or take 80% of a person's income, or police taking people's cash from them on the road, then they have the "right" to do that and will do it. If you have the ability to do something, then you have the right to do it, unless someone else can stop you. So the law is becoming absurd and everything is devolving back to realpolitik power relationships.

So people need to stop thinking into terms of laws and fake voting and talking heads on television and begin thinking in terms of realpolitik.

An example:
- The United States has the highest rate of obesity, cancer and diabetes in the world
- Monsanto sells a chemical that it knew causes obesity, cancer and diabetes
- Monsanto knew about it since the 80s and lied
- Monsanto gets massive class action lawsuit for killing people with cancer
- Obama signs bill giving Monsanto immunity from lawsuits
- Monsanto keeps doing it and then gets approval for even worse chemical to kill off the plebs even faster

People need to abandon the idea that the government cares if they live or not and just assume it is trying to kill them. If Wackenhut can make $80,000 per year per prisoner, running FEMA political dissent labor/reeducation/internment camps, then complaining about government torture/murder/assassination/fraud is going to be the new marijuana prohibition.

Another example:
- fracking water is cheap
- fracking water is full of cadmium and benzene and unknown secret chemicals which probably cause cancer
- lets spray fracking water on all the organic food in California to save money, kill all the plebs

So your choices are
1> Move out of California
2> Die of cancer in 20 years because of effects of chemicals which cannot be disclosed because of legal liability

When you complain or protest, the government response is that they pass an "Agro-terror law" that makes it illegal to publish lab tests showing what the chemicals are and makes the lab test inadmissible in court. They also pass a law making it a jailable offense to suggest that agricultural products are unsafe or harmful because of the chemicals they contain.

Another example:
- whistleblower leaks immoral government program
- punish the whistleblower
- lie about the program to congress
- keep doing it. privatize program to hide it in the private sector. pass fake law no one can enforce to pretend to rein in program that was already illegal. Does the government try to appear to address problem while doing nothing in reality.

There is no intent, or intention to stop anything. The focus is on stopping whistle-blowers and covering up corruption.
- No one intends to stop the program
- No one intends to stop the corruption
- Anyone pressuring for the corruption to be prosecution, gets murdered, prosecuted or punished themselves

So there is a question of
- "Is my government run by parasitic sociopaths?"
- "Are they going to do the right thing?"
- "Does my government address corruption or protect the corrupt? Does the legal system work""
- "When a corrupt and illegal program is revealed, is it shutdown or does it continue."
- "Am I being slowly killed? Does my country have a high cancer rate, diabetes or obesity rate."
- "Are people in my country attacked for stating obvious or verifiably true statements? Is truth and common sense criminalized?"
- "Is my government focused on absolute and totalitarian social control above the interests of its citizens?"
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