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1  Economy / Reputation / "Last of the V8s" is filing fake scam reports on: March 07, 2019, 02:44:32 AM
As I explained in the other thread:

LastoftheV8TrilemmaShills is now filing FALSE REPORTS against me.  Anyone who has been in this thread knows for a fact that Bob was telling everyone to "hodl" at the top near $20k while he was dumping instead.  I don't feel like digging up the posts now (but I can if Bob didn't go back and edit them).  There is absolutely nothing in that post that isn't true:




2  Bitcoin / Bitcoin Discussion / How you can easily tell bitcoin is now a govt backed scam on: January 24, 2018, 06:41:24 AM
So guys, serious question, if cryptocurrency is not a govt backed scam, why are paid govt shills telling people to dump metals and buy the DOW + cryptocurrency?   Cryptocurrency is obviously a govt backed scam at this point now that the banks are completely loaded up with it.  The banks own the majority of the ETH IPO, and entities like In-Q-Tel own tons of BTC bought for $1 each:

The r0ach report 36: Paid govt shills spotted telling people to dump metals and buy DOW + cryptocurrency

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-36-paid-govt-shills-spotted-telling-people-to-dump-metals-and-buy-dow-cryptocurrency



3  Alternate cryptocurrencies / Altcoin Discussion / 2017 award for best altcoin scam - Come from Beyond of IOTA on: January 20, 2018, 07:05:46 AM


Why does Come from Beyond win?  Every single digital currency created is either designed to centralize, doesn't remove middlemen, or fails in some other manner.  Yes, all 1400 coins released including bitcoin are essentially useless (aka scams).  So the 2017 excellence in scamming award is for the coin that comes closest to accomplishing something while still being a completely useless scam in practice.  (well, even if it did work, he would of had to distribute it in a non-IPO manner for it to not be a scam, but that's besides the point since it doesn't work anyway).

As for why Come from Beyond wins, read below:

Bitcoin will ALWAYS be a higher risk asset than metals and fail to compete as the base of Exter's Pyramid due to having built-in middlemen and not removing counter party risk.  It's semantics to even claim bitcoin currently isn't a federated chain already.  It's the equivalent of something like a 2/3, 3/5, or 4/7 multisig for years.  A permissioned ledger doesn't require a 1/1 sig requirement; it's a permissioned ledger already.

If you really want to get technical, everyone would likely have to process their own transactions for it not to be a permissioned ledger like in IOTA, but DAGs and IOTA don't actually work without artificial convergence, so we won't go there.  But until you can create a functional version of that model where everyone processes their own transactions (not possible), you have failed and it's a permissioned ledger.  Everything in this sector is nothing more than jacking off while creating centralized Rube Goldberg machines, federated chains, and permissioned ledgers.

IOTA was actually on the right track probably more than any of them so far just because it actually does seem to remove the usurious middlemen factor, but DAGs don't work.  And the second you incentivize any type of economy of scale in transaction validators, you've just created a usury system that mirrors the ones that already existed in the real world before bitcoin.  Physical commodity money like silver and gold removes the middlemen parasites.  Cryptocurrency doesn't - they're BUILT IN.
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