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82
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Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares X Now Trading!!!
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on: July 24, 2014, 05:40:20 AM
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How could government "take over" bitshares?
Do all DPOS delegates currently operate anonymously over TOR, only identifying themselves with a random pseudonym? Is TOR actually useful and not prone to timing attacks? Can DPOS be scaled while using TOR? Are all DPOS delegates supposedly distributed worldwide, but all located on the same Amazon server? What percent of DPOS delegates are actually unique individuals? That's how? Admittedly, PoW is in the same boat, if not far worse off, but until questions like this can be addressed, DPOS isn't exactly bulletproof. Supposedly the DPOS delegates are spread over many regulatory jurisdictions and do not all need to be anonymous. Take one down and the next in line steps up. |
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84
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Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares X Now Trading!!!
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on: July 24, 2014, 04:10:45 AM
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In my opinion, why Bitshares is the Pandora's box of crypto: I was kind of foggy on what exactly would happen in the future with crypto until recently, but I think Daniel Larimer has unknowingly sealed it's fate with DPOS. Governments don't like to be ejected from money affairs. I foresee them taking something like DPOS, and instead of having 101 delegates, they will simply make each member of the UN a delegate, and boom, you have your New World Order, sovereign approved currency.
That scenario could be good in some ways, since it would most likely make things finite, or get rid of unaccountable government spending in other words, but through increased globalization, it could also be the start of world government, or god know's what else.
*this is not an endorsement to buy bitshares, since they would most likely just clone it and not actually use bitsharesX
Not sure what's that meant to mean? POW is much better suited to NWO. Just buy some mining equipment offer the best pool rates and before you know it you'll control 51% of the system without Bitcoin holders being able to have a say - Ghash.io. That kind of situation requires timely government planning and subterfuge. You might get an actual, decentralized Bitcoin network for a decade or two before it happens. PoW is kind of designed where it's impractical for the government to force it onto people. Waste tons of energy for a government to impose their sovereign power, which they can already do anyway? If the government was against Bitcoin, the odds of them flat out destroying it are a million times higher than them taking it over and forcing you to use it. DPOS is a very practical thing for a government to take over and force you to use, such as the example I made about them assigning each UN member as a delegate. For better or worse, DPOS is the best suited cryptocurrency for governments to deploy as a "new world order" currency. Whether they would take over Bitshares, or just clone it and assign delegates themselves is another mystery. They would most likely enjoy it's built in plutocratic voting mechanisms regardless. How could government "take over" bitshares? Why would anyone follow government's clone? Bithsares is the closest to a goverfnment-free system I have ever seen. |
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87
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Bitcoin / Bitcoin Discussion / Re: Annual 10% bitcoin dividends if mining were Proof-of-Stake
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on: April 25, 2014, 03:43:47 AM
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Another way of saying it is that PoW distributes coins to those who invest in mining equipment. PoS distributes coins to those invest in coins. It really doesn't seem that much different - invest in X, get coins. If PoW and PoS can both support the functioning and security of a cryptocurrency equally well, then PoS seems superior because it does not waste energy and would have a wider distribution than PoW.
The only way to get PoS shares is to buy them from an adopter. There are two ways to get PoW coins: buy them or find them yourself. This is key. Based on the results of SlipperySlope's poll, it looks like there is a slight preference for PoW. But I seem to be the only one here arguing for it. Probably because we've had this debate many times and if you actually want to create a PoS spin-off go right ahead. No one is stopping you. In fact, I would like to see what happens. The market will decide whether or not it has merit. That's it for me guys. Off to sushi... I don't understand why needing to buy from an adopter is bad thing. Isn't mining essentially buying coins from ASIC manufacturers and energy companies? You're right logically. However, human psychology isn't always logical. Having the "option" to mine your own coins makes one feel that it is more of an open system and seeing that "work was done" gives it more perceived value. Sounds to me like you have touched upon the true heart of the matter. Emotional attachments prevail. |
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92
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Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN]BitFund:Descendant of BitShares
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on: March 03, 2014, 08:06:02 PM
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I have never seen so many sock puppets on one thread before.
The number of newbies with one or two or a few posts who are "interested", "interested too", "ok", "interested in", "I'm interested", etc. etc. is truly astounding.
The OP became a NEW member of bitcointalk.org just to give us this "opportunity"? What are your other registration names on this forum? I'd really like to check out other "opportunities" you promote.
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97
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Economy / Auctions / Re: 4 KnC Jupiters +/- 550GH/s stable, IN HAND - IMMEDIATE DELIVERY
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on: November 07, 2013, 11:09:25 PM
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4 @ 10 BTC each
I could have sworn that BTCMC was out of business? Contrary to myth and popular belief, I am able to multi-task! Not all of my business interests are consolidated in one entity. Yes, I am able to multi-task too. But my funds have been held up in BTMC for a very very long time now so I can't. Not even the proceeds from mining the Butterfly Ascics before thay were sold have been distributed to shareholders (with the possible exception of the majority shareholder - who seems to have btc for all kinds of endeavors except distributing to his long suffering shareholders) |
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100
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Economy / Securities / Re: yochdog - Bitcoin Mining Company
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on: October 31, 2013, 08:06:45 PM
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Quote from: iCEBREAKER on July 27, 2013, 02:52:23 PM
hi YD,
Thx for update. What is the July 7 BLF payday?
Have you tried scrypt mining at multipool.in or middlecoin?
once you have inventory done maybe Diablo will finally auction our stake, which could help you find the right price for the rest.
For the ASICS I lined up for BTCMC, the paydate is July 7th.
Until they start shipping that pay-date, we are stuck in the mud.
You must have received the ascics from BFL by now. How about anj update on what is going on with our investment?
3 BFL singles were received and have been mining away. The remaining equipment is about 70% liquidated, the remaining is in process. I expect to make a liquidation payment on everything but the BFL equipment in October. |
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