EOS, like ETH, has fundamental systemic flaws that will kill it when it attempts to do anything above anemic transaction volume. https://hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62Anyone who threw money at either one of these projects should re-examine that decision. This will come to a head, and multiple coins will either fail outright, or parameters changed so drastically that it will contravene their original purpose for existing. Don't say I didn't warn you.
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Oh look -- a story from fucking Bitcoin DOT com - Roger Ver's lying mouthpiece domain, proclaiming that a BCash developer and turncoat is the "real" satoshi.
What the everloving fuck.
Also, the person who posted this -- you are a fucking enabling asshole -- This is a forum for Bitcoin news, not for Lyin' Ver's "news" stories.
GAVIN sold out to the CIA - and the real satoshi disappeared because of it.
You know what is really missing from this piece? A signed message using one of the early addresses that only Satoshi could've had control over. But we'll never see that, because Gavin Bell (his real last name, not his wife's) is a disgraced former Bitcoin developer that turned tail when he got conned by Craig "Faketoshi" Wright -- and was called out for it.
This article is garbage, the person who posted it here is garbage, and the entire premise is completely false and fabricated.
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First off, posting yet another bitcoin dot com article on this forum is a fucking idiot move -- Bitcoin is the real bitcoin, not some fucking alt-fork bullshit.
Second, Roger Ver is a virtue-signaling asshole that has reached Douchetarian proportions with his endless lies and underhanded tactics.
The very fact this asshole is using poor hungry children to pimp his fucking altfork is beyond disgusting.
You know what regular charities do? They do their work without trying to sell you something -- that's what. But out-of-touch Lyin' Ver doesn't understand that, being a millionaire and scamming newbies out of their hard-earned money for his shit-token.
Fuck this guy, seriously.
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Yet another idiot that doesn't realize Bitcoin has had many cycles, and this is just another one. The attempts to draw a parallel between crypto and "tulipmania" always comes from the old-guard press, even though the Tulip Bubble wasn't even as bad as depicted - reference - https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/The point is, no one has ever seen a currency/ecosystem boot itself up from scratch, so the influx waves of bad money being converted into good crypto like Bitcoin causes people to assume each wave is the last. It isn't. We haven't gotten anywhere near saturation on this. I am getting tired of shitty articles written by people who have no fucking clue.
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Another day, another fucking idiot pumping bitcoin DOT com domain news stories.
"But wait, its good news, right?"
Listen motherfuckers, this "Bitcoin Core" branding bullshit is a Roger Ver-ism. It isn't fucking core. Core is a goddamn client that runs on the Bitcoin network. The mouth-breathers in BCash land don't call their shit "Bitcoin ABC" -- they just want to BECOME Bitcoin -- so they pull this shit to make some differentiation that doesn't exist in the first place.
sncc? Can you stop being an asshole posting this ass-clown's articles? It would be very helpful.
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Yes, if you rob an ATM you will have a bunch of useless marked banknotes. The same way you can have tainted coins! I don't get why this sounds so stupid, really.
This has been simmering a while in my head, but I'm going to let you have it with both barrels. You're a fucking idiot. (And that's saying something, because I've seen all KINDS of idiots since I've been here from 2011 onwards.)Tainted coins? You're going to track every single one and ban them from exchanges and services? Mike Hearn wanted to do that, so did Jeff Garzik -- and they're both shunned in crypto circles because they're bad actors with increasingly worse ideas. Again, you move the goalposts, post stupid fucking shit all over the "news" section -- just fucking fuck off with your gap-tooth windbag opinions. If I wanted the advice of a retard, I'd just go ask your mother.
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I'm no fud-er. Imagine I play dice regularly and one day I win. I want those coins for me and I have them sent to my personal wallet. Then I transfer them to an exchange (fort fiat) and they get blocked. In that case no fungibility. Yes, I'm not that stupid I'd never do that: but that's an example when I would need better fungibility.
How on earth does exchange risk translate to inherent non-fungibility? That's idiotic. Like saying a bank robbery makes the us dollar useless.
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We don't care about verge, this is the bitcoin news press board. Only bitcoin related news are allowed here. Don't post Roger's article here, please.
If only the mods were more stringent on the news dot bitcoin dot com crap -- Lyin' Ver's domain has no place on a Bitcoin site.
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There's a reason that things like "Simplicity", and "Rootstock" and Lightning don't have a lot of functions in its language for smart contracts.
There is a direct trade-off between being "Turing Complete" and being secure. Look at ETH, where hundreds of MILLIONS of dollars have been lost due to programming errors. That's not even counting the DAO, where someone used THEIR OWN LANGUAGE as it was defined to take money.
Its a shambling mess, because with the "rich" language, you have an increasing risk of becoming POOR.
I'm glad Bitcoin didn't succumb to the "move fast and break things" ideology that permeates a lot of technology -- you can't do that shit when someone's money is at stake. It should be equally hilarious when Money Skeletor Vitalik decides to push out the chimera of Proof-of-Work and Proof-of-Stake later this year. It's never been done like how he's attempting it, and Proof-of-Stake has many flaws for scaling that are less than ideal.
I've got my popcorn ready. Do you?
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I'm sure Mark Karpeles is holding coins in cold storage somewhere.
Why else would that hapless idiot be smirking in every goddamn picture I see on the internet. He knows where it is, and doesn't give two shits about the people he defrauded.
Once he's out of the Japanese legal system, that bastard will probably escape the juridiction and set up shop somewhere else. He's already been hired by someone that was a "buddy" to Mt Gox anyway, it just reeks of insider collusion and kickbacks.
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No need to say that cops are getting helped by those business intelligence services which are trying to understand the full story of people UTXOs. Bitcoin is neither anonymous nor fungible.
Its pseudo-nonymous, but with the newest BIP Dandelion, in addition to Schnorr signatures - that can easily change. Not fungible? Are you nuts? Look at exchange volume and tell me how "not fungible" it is. Anyone can transact for thier local currency with ease, or pay for services with Bitcoin directly. Your response sounds like some of the FUD-ers that I've seen here over the years -- you should know better.
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ICO's are dependent on ETH. ETH is going to try to solve their scaling problem (Cryptocats, lol), by attempting a hybrid Proof-of-Work and Proof-of-(mis)Stake system. This hasn't been done before, and if Money Skeletor Vitalik screws it up, it could lead to a lot of problems for everything built on top. Not exactly a position I'd want to be in. Besides, a lot of ICO's are complete cash-grabbing muppetry - and we've seen our share of exit-scams using them. Will ICO's totally go away? No, not in concept, but there is a very real risk that ETH might lose that market with their scaling attempt. The long tail of dead altcoins will grow, that's for sure. Supplemental Reading - Why ETH's "Sharding" won't work - https://medium.com/@StopAndDecrypt/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62(or EOS, or BCH, or... most alts)
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Again with this bitcoin dot com domain bullshit. Why do you bother? Do you want to support this asshole? Of course they're discussing how to prop their flaming garbageball of a coin, nobody wants it, as evinced by their shitty transaction volume on the chain -- http://fork.lol/tx/txsWhat I really want to know is why on a Bitcoin forum, this kind of shit is posted where most people don't care for altforks, especially hostile ones that want to usurp Bitcoin at all costs. Re-evaluate, posting links from this domain is fool's errand.
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Christ, not this stupid bullshit again.
First - the whole metric they're using to compare is marketcap. Marketcap is a fucking useless metric in crypto, because its just Total Supply * Fiat Price. Bitcoin has 17 million coins @ ~8,488 Ethereum has 99 million coins @ ~720. For ETH to exceed the "marketcap", it would take a multiple of its existing level - either through coins or price.
Right now, the "marketcap" of BTC is ~144.6 Billion, and ETH is ~71.7 Billion. Ethereum would have to surge in price by at least 2x, which means a unit price of ~1,440. Even if ETH managed to do that, you're comparing two rather disparate coins, including their confirm times and inherent characteristics. BTC has rootstock and other protocols coming that could kick the knees out from under ETH and EOS, and ETH just has that "smart" contract stuff that has lost hundreds of millions in fiat for users.
If these idiots were at all introspective, they'd realize that with Rootstock (RSK), and Lightning soon with a proposed FULL ANONYMITY solution via Dandelion, will absolutely erase any competitive advantage that ETH has. Couple this with ETH's scaling problem - which still hasn't been solved - they are going to try a hybrid solution using Proof-of-Work and the highly risky Proof-of-(mis)Stake, which I'm sure will give Money Skeletor Vitalik a few brain clots trying to figure it out.
Point is, marketcap is bullshit, it doesn't show true utility -- and even if they make it there, it doesn't change that Bitcoin is evolving to become the default first-mover juggarnaut when it comes to features and network security. Moving fast and breaking things is the motto for short-sighted alts, being deliberate and not losing people money is the Bitcoin dev ethos.
I know which one I want - it isn't the one that had 100's of millions lost in production network "oopsies".
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And not a single word about "always on" devices that suck power even when they're turned "off".
Not a single utterance of how much power, servers, trucks, buildings and such the legacy financial system uses.
No consideration for how the comparison to Bitcoin mining/validation would make crypto power usage seem like a rounding error.
This is just the latest push to mess with cryptocurrency. They couldn't pin the "everyone buys drugs" on it, they couldn't say that terrorists exclusively use it, they couldn't say that it was a huge scam -- even though they tried -- so now here comes the "Crypto isn't GREEEEEEEN" bullshit.
Power usage for mining INCENTIVIZES someone to find the cheapest and most renewable sources possible. In effect, it spurs developments that ENCOURAGE sustainability. (Even Andreas agrees!)
Just another pile of FUD from the never-ending crap machine of the status quo.
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Yet another bitcoin dot com Roger Ver fucking story.
Are you a clueless idiot? Because that is what idiots do, give Ver hits and traffic on his site.
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Garzik is one of the assholes that deliberately launched coins/projects to interfere with Bitcoin.
He also supports coin tracking, so the authorities can have a full dossier of whatever coin he produces.
I wouldn't trust this snake in the grass as far as I could spit.
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Why you idiots keep linking to bitcoin dot com is beyond me.
Roger "Lyin'" Ver has a stated agenda to replace Bitcoin. Don't support this asshole by linking his site and giving him hits.
Seriously, what the fuck is wrong with you.
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