I will answer why I don't want $100,000 in the next post.

Do your due diligence. I have 10,000 posts for your to read with technical details, most of which you won't understand. That is why I gave up on you as a potential investor.

But if you were wise, you'd get on private chat with me now and make the investment of your lifetime.

P.S. my new social network is not failing. And I may decide to self-fund my crypto effort. I need to contact the precious metal dealer in Manila and see if they can wire more of my funds. I am just looking to see if there is anyone who wants to give me some cash cushion and get a chance to save the world and get rich.

That is why I only want to deal with 1 - 3 individual investors who are altruistic and want to get possibly rich on their investment.  


Interesting point. Don't you think it would be more fun to get rich at the same time of saving the world? Unrealistic maybe. I am evaluating.

I feel I am a person who could do much great things for the world with capital. I think the universe should entrust large capital with me. Perhaps I am mistaken. I am evaluating.


Fair enough. I won't mention my solution again then. No additional hints will be given then. Satisfied?


Obviously false. Please retract the emotional statement.


I did not say you are not intelligent enough. Your username rings a bell and I haven't looked, but I seem to recall you are person of significance in the development of Bitcoin (or Scala?). Perhaps I am mistaken. So far, your posts have been interesting to me and I am preparing to look at your latest idea and either mea culpa or refute it.


Perhaps because I like to see you get all ego twisted like this?

Naw. Rather I am trying to point out what is futile and get some interest to invest in my solution. Isn't that obvious enough?


I know some of them and they know I empathize with them. I can't empathize with those who haven't told me.

I only reacted with my personal plight due to the disingenuous attempts to character assassinate me when the antagonists had lost the logical point (or simply didn't pay attention because they wanted to attack me).

If the discussion stays on technicals and civility, then so do I.

I don't know what to do about the fact that you don't agree that I don't give my ideas away for free in every instance. I guess you demand I be a Communist. And I an reticent. I am evaluating what is the wisest way to proceed.


Well so we see that your entire post was a yet another jealous veiled character assassination against all those who are reticent to Communism and groupthink.

Kudos.   (wasting more of our time)

I will reintroduce my point from 2013, that you all won't be mining in the future, because the cartels can (in the future) make mining unprofitable for you with the Transactions Withholding Attack. Many of you can't seem to grasp that attack properly, so I am not relying on that to make my argument below. Yet I maintain that the Transactions Withholding Attack is another future reason that Bitcoin mining will become entirely centralized by the banksters. Note the obvious that in the future all mining income will come from tx fees.


At Visa scale (e.g. 8000 txs/sec) this is no problem. But at micropayments txs scale, i.e. billions of txs per second, the individual miners don't want to duplicate the connectivity and processing power infrastructure necessary to handle that volume of txs.

If the micropayments txs will be handled by an off-chain layer, then perhaps that aspect of my point does not apply. I will study more the off-chain proposals and get back to you this point.

I don't think IBLT can work (afair perhaps I explained my stance in my refutation of Peter Told at afair the Git hosted IBLT paper), but that is apparently OT the main point of discussion herein.

In any case, I have another argument against the intended efficacy of getblocktemplate. Again remember my concern is about a Digital Kill Switch, wherein rarely an individual's number has been shut off and they are not allowed to transaction (for political persecution or whatever), thus these will be rare occurences. So the pools can simply discard and ignore block solutions that insert such excluded transactions. Miners will have a difficult time winning political will over such rare instances. For example, if the miners move to another pool that has an established reputation of never doing this, the banksters can attack that pool by numerous means (e.g. shutting of their regulatory license, Meni's Share Withholding Attack, out-of-band social, political, and economic attacks, etc). Eventually the banksters can force you to their Sybil attacking pools (you never know which one is legit as they will change as soon as you try to Whack-A-Mole).

I am sorry. You can't win this political battle. Because the banksters will have the masses on their side. The masses are complacent and they will stick with what ever miners and pools that Amazon.com directs theirs their txs to.

You can not win this way. It is so obvious. Think it out. Even Satoshi said the mining would be controlled by corporations in the future.

Haven't done any testing yet.

I reiterate my upthread point that higher orphan rate favors larger pools because they will be better connected (don't forget the NSA has direct taps on major trunk lines and the high-speed traders on Wall Street have this superior connectivity too) and thus mine on orphaned chains less, thus have high profits for their miners, thus driving more miners to them and making the smaller pools go bankrupt. This is a variant of the selfish mining effect.

Thus I will repeat again that larger blocks = centralization.

I hope that is clear now, since apparently you didn't get it the first time and apparently ignored or didn't understand me?

(if you did ignore before, covering your ears won't help you)

My radical re-design totally eliminates the issue of orphans and the critical advantages of connectivity latency. It is a radical paradigm shift that solves the problem that Bitcoin was designed to be centralized and there is nothing you can do within Bitcoin's current design to stop that! (I will elaborate soon)


its a puzzle and you took the expected path into the maze and that is why you did not solve it. Epiphanies are like that. Yes I will have to elaborate but I am not going to give away such a valuable insight for free. I'd rather implement and profit. Wouldn't you?

You'd be crazy not to invest.

Yes it is a trick. The key insight is into how to make things orthogonal with a clever twist. I must admit, the more I think about it, the less obvious it is. I do have the antithetic weakness of the Dunning-Kruger syndrome, "Conversely, highly skilled individuals tend to underestimate their relative competence, erroneously assuming that tasks which are easy for them are also easy for others.".

For $10,000 investment and promise of secrecy, you can find out now.

Note my Bitmessage is not functioning on my new ISP, so anyone that wants to talk with me should PM me then we will go into encrypted webchat (very easy just load a webpage and chat).

I reiterate my upthread point that higher orphan rate favors larger pools because they will be better connected (don't forget the NSA has direct taps on major trunk lines and the high-speed traders on Wall Street have this superior connectivity too) and thus mine on orphaned chains less, thus have high profits for their miners, thus driving more miners to them and making the smaller pools go bankrupt. This is a variant of the selfish mining effect.

Thus I will repeat again that larger blocks = centralization.

I hope that is clear now, since apparently you didn't get it the first time and apparently ignored or didn't understand me?

(if you did ignore before, covering your ears won't help you)

My radical re-design totally eliminates the issue of orphans and the critical advantages of connectivity latency. It is a radical paradigm shift that solves the problem that Bitcoin was designed to be centralized and there is nothing you can do within Bitcoin's current design to stop that! (I will elaborate soon)


its a puzzle and you took the expected path into the maze and that is why you did not solve it. Epiphanies are like that. Yes I will have to elaborate but I am not going to give away such a valuable insight for free. I'd rather implement and profit. Wouldn't you?

You'd be crazy not to invest.

Yes it is a trick. The key insight is into how to make things orthogonal with a clever twist. I must admit, the more I think about it, the less obvious it is. I do have the antithetic weakness of the Dunning-Kruger syndrome, "Conversely, highly skilled individuals tend to underestimate their relative competence, erroneously assuming that tasks which are easy for them are also easy for others.".

For $10,000 investment and promise of secrecy, you can find out now.

Note my Bitmessage is not functioning on my new ISP, so anyone that wants to talk with me should PM me then we will go into encrypted webchat (very easy just load a webpage and chat).

I can't even afford the time (and expense) of travel to a first world country to get a proper MRI and have my blood work and panels properly monitored and interpreted. As I said, "my back is against the wall". I need to be very careful about minerals because I am dosing 50,000+ IU per day, thus I am at risk of kidney stones and permanent renal damage due to concentration of minerals in the kidneys. So I am drinking 2 - 3L of water a day to flush them out continuously. I am craving foods, so clearly my body wants to replenish. I am in a tropical country and eating natural whole foods too, so hopefully I'll be okay. I feel I've turned the corner. Today I am feeling very strong and want to get to the gym. I am feeling a slight lethargy today in my head, yet I also feel an energy reservoir that is ready to explode at the gym. For me, these are signs of my original self, so I am encouraged. Thanks again for the sentiments. We can stop this OT discussion now.

Time we fucking wakeup sheeople!

http://armstrongeconomics.com/archives/30365


http://www.cnbc.com/id/102634242


http://www.nzherald.co.nz/technology/news/article.cfm?c_id=5&objectid=10456534


http://www.coindesk.com/peter-thiel-founders-fund-lead-2m-funding-round-in-bitpay/


http://www.ft.com/cms/s/0/b6f63e4c-a0af-11e4-9aee-00144feab7de.html

Time we fucking wakeup sheeople!

http://armstrongeconomics.com/archives/30365


http://www.cnbc.com/id/102634242


http://www.nzherald.co.nz/technology/news/article.cfm?c_id=5&objectid=10456534


http://www.coindesk.com/peter-thiel-founders-fund-lead-2m-funding-round-in-bitpay/


http://www.ft.com/cms/s/0/b6f63e4c-a0af-11e4-9aee-00144feab7de.html

ty. got it.

Why can't you just use an API such as Blockchain.info and be done with it for now.

Thanks for ignoring me again.

Okay I am closing your thread and you will perhaps get a formidable competitor instead.

Why can't you just use an API such as Blockchain.info and be done with it for now.

Thanks for ignoring me again.

Okay I am closing your thread and you will perhaps get a formidable competitor instead.

I think we should also re-summarize whether pool control can be defeated by the new pool RPC (was it "getblockdata"?) that allows the miner to add or remove transactions. I must admit it has been a while since I looked at that and I might not have completely digested it (in a rush or whatever).

Perhaps someone can chime in so I don't have to go google it.

https://bitcoin.org/en/developer-guide#getblocktemplate-rpc

So that is one argument that can be made against the pool's having control. Note it doesn't impact my other upthread (and very on topic) point that larger blocks favor centralization because higher orphan rates do.

However does it really give control the miner? I don't think so. The users still need to forward transactions into the network and eventually the volume of transactions will be too great for miners to listen to and compare with what the pool is sending them. They will at some point be forced to delegate transaction compilation to the pools.

So I argue both of my orthogonal points remain valid.

The author of the OP can still maintain the pools are not concentrated because he can look at a piechart of pool names and see that not one of the names has a significant market share. I can maintain that I have many names too.  

Add: and the key point of distinction is that in Bitcoin in order to get a transaction to have a confirmation then it must be put into a block. In my novel new design, transactions don't have to be put in blocks in order to be confirmed. That is a very strong head scratching hint for you!

I made a similar entropy point recently in the Economics thread, yet in the more general context of the internet. I will try to locate it and edit this post to add a link.

I agree. I am in support of Bitcoin. I think it is possibly its own trojan horse. And I think the masses are going to adopt Bitcoin no matter what we do. I posit our only hope is to establish an alternative (often anonymous) economy with sufficient usage that it will remain viable and useful. I have no delusions about entirely disrupting fiat nor Bitcoin, because the masses don't want to end their socialism (they depend on Big Brother for food, housing, education, healthcare, anti-terrorism shadows, etc).

However, my point against altcoins (and note I have not intensively evaluated for example Nxt's ecosystem, so there might be exceptions I am unaware of) is they have limited network effects because afaics network effects are mostly driven by the use as a medium-of-exchange. And it appears to me to be a chicken-or-egg dilemma in that without network effects then it can't be a viable investment because medium-of-exchange requires reasonable ubiquity (currency must be convenient and increase efficiency of trade). In short, there is no value in just buying digits that we trade as an investment. There has to be some use value to impart value to the digits.

Thus I posit there does come a point where we may not be able to get the economy-of-scale to offer a viable option to Bitcoin any more. The inertia could become too great to overcome and we might even already be there or approach that point on the next runup in price with Circle, Coinbase, and Paypal all ready to vest the masses in Bitcoin. I assert that the masses are complacent and they simply won't switch, no matter if all our ideological reasons for supporting Bitcoin disappear. We could try to leave into our own coin, but we will find that not enough of us can leave en masse at once in order to use the coin for anything. Thus most of us will thus throw in the towel and realize it is futile and we waited too long.

So I argue we can't just take it as a given and must be proactive and expedient on any altcoin experiments we want to do.

(emphasize the word "experiments", I am cognizant that all altcoin attempts are experiments, not a given)

Can anyone point out a flaw in that reasoning?

Note I assume Bitcoin can't or won't make the type of radical changes I have in mind. I would need to delve into finer details to determine what would be the hindrances to Bitcoin adopting the changes, if they prove to be correct and superior.

Ditto Monero. I am not in principle against embracing Monero (and their existing inertia), but it really depends on the details (technical and personality synergies involved). It is difficult to see how I or my prospective investor(s) could be rewarded though since the coin is already mined out and hashrate is very high already. This is a dilemma for a coin that has no premine, then how do they pay for ongoing development. I suppose you could take a portion of the ongoing minting and tx fees. Maybe Monero is already doing that, I haven't paid attention.


Ty. Much appreciated. It is crazy if someone doesn't fund me. I think someone will. I am not asking for huge amount. I'd self fund but I am really in risky territory now with my remaining depleted savings. Imagine I had 18,000 oz of silver in 2008. The M.S. disrupted my preparations and thought processes to the degree that I got into holes and circumstances where I took rash actions on investments or for example due to practicalities and fatigue left my silver with a dealer (carting and storing 10,000oz of silver in the Philippines is highly implausible for a foreigner, I mean to say there will be excessive taxes such as 5% if do it the declared legal way, carting that to Mindanao! no way!).

I was wealthier than rpietila in 2008. He had a superior financial outcome with his illness, I think because (of his location in a first world country, i.e. Finland and) his vocation as a speculator is a daily discipline that can return daily gains, i.e. it is easier to maintain discipline and correct for drift because there is a daily feedback on financial gains. My career as a programming entrepreneur requires long periods of no income and risking it all on a new project development. Thus the M.S. put me too far out of sync with the patterns required for periodic success in my vocation.

To be more precise, self-diagnosis of my EDSS before recent treatment was in the range of 3.5 - 5. I could walk (even run) more than 500 meters, but I couldn't stay up 12 hours a day. I did have the blurred vision, slurred speech, such extreme difficulty swallowing that I felt afraid to sleep thinking I might suffocate (probably not rational), urination every 30 minutes, emotional and depression issues, etc..

My EDSS now appears to be 3.0 or lower. This is after only 5 - 6 weeks of treatment and it was claimed it takes 2 months for the high dose vitamin D3 to return normalcy.

Also be aware the vitamin D3 is metabolized in the liver to a hormone, and I have been fighting this daily pain and fatigue with every last ounce of my willpower for 3 years, thus my aggressive behavior (or being easily triggered by those who so callously disrespect a handicapped person and who debate disingenuously). I am all for a gentleman's debate on the merits. I can match civility with those who are. Apparently my emotional and hormonal state at the moment is that I can also match fire with fire.

There is a saying, "don't kick a dog in the corner, or wake a sleeping dog". I am cornered by numerous circumstances. To my antagonists please don't kick me, I might bite your leg off. If you want to have a civil debate, then fine.


I definitely need but I have obligations I can't meet. I am extremely stressed. And I got so tired of not being able to perform, that I took the risk of permanent renal damage. Because my back is against the wall. I am literally in fight or perish mode.

Hopefully I will make it through this intense patch and be able to achieve some peace and calm that I haven't had for 2 years nonstop.

For past month or so at least, I've been sleeping about 3 - 4 hours a day (on average, some days 5 - 7 hours and some days I skipped sleep) and working nonstop other than a few hours in the bed next to my desk and the food downstairs.

Add: as of march I had acute chronic insomnia so intensely that I had lost the ability to sleep. I was getting very desperate about my health. So now I feel it is improvement the sleep I have now, even though it is less than ideal for a healthy person.

I am stressed right now, so exploding is something I probably needed to let it out.

Surely the vitamin D3 is working because of the intense volcano energy I feel right now if one of those detractors would join me in the boxing ring right now.

But I have numb legs today from the knee down and a mild gut pain. But other than that, I am strong enough today. This is a significant improvement over March, where I couldn't even think or keep my body up out of bed most of the time.


Ty. I want to implement, not publish. Waiting for $10,000 - $20,000 in seed capital to fund me so I can work full-time.

I didn't say I would put my name on an altcoin. I said I want to go implement. My name on it is irrelevant.

How much more off-topic can it be to have a blocksize discussion OP in a thread with a title "Gold collapsing.  Bitcoin UP." and in the Speculation thread.  

The thread was retard from the OP.

Chaos is part of life.

And yet the silverback-wannabe monkey who wrote the OP is offended (about life).  

He has staked his self-worth on his insight to buy BTC early, and he will defend his insecurity (about his legacy and self-worth) at any cost to his rationality and more importantly forsaking civility, humility, compassion, etc..

Yet I digress...  

Come to me bitch:

https://www.youtube.com/channel/UCzqn0xsxe-_Zf_B-q-YgZVQ

Whatever. You go on and on with your delusion and then you will be disrupted. That is enough wasting my time on you.

Chest thump in front of my face. Surely you are bigger than me? I am only 5'7". It won't help you.

https://www.youtube.com/channel/UCzqn0xsxe-_Zf_B-q-YgZVQ