Back when BTC was truly decentralized -- everyday users mining on any old PC -- this was a great selling point to get people on board with this type of currency. Everyone that had Bitcoin on the network was help keeping this going, but nope -- with the current METHOD used for mining has only one future, and that is eventually ending up with a few huge mining companies.
While the idea that at least several companies around the world would be mining/maintaining the network sounds okay, I still think that is very bad for Bitcoin, but that is exactly where the future for us is headed. You even have the hardware companies deciding they rather mine instead of sell to individuals. Something needs to be changed to give THE PEOPLE back power, which was the whole point of Bitcoin.. At this point every single day Bitcoin becomes less and less for the people..
-Sqw33sh
7 pages already for this BS topic? Back when BTC was " truly decentralized" someone with a couple thousand $ could disrupt your decentralized network. It's not that hard...So what's the purpose of this topic again? For you to get rich from mining? The point is people shouldn't make money or get rich from mining, as that obviously leads to centralization. (just my OPINION - Holiday relax) Man I like this guy.. You got it bro. It is the financial incentive in controlling the network that will insure that it will be controlled. It is a consequence of the scarcity model for currency. Miners don't control the network. They receive bitcoins for securing the network and including transactions in blocks. Some of us value those bitcoins because of their properties. We are willing to trade other things of value for those bitcoins. If miners try to change the properties of bitcoin without the support of the economic majority, they will soon find themselves mining worthless forked coins. We will no longer trade things of value for the coins on their fork.  |
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pow or pos makes no difference. Coins cant be mined into existence. That won't work. Coins need to be issued into existence from trusted parties.
I would never put a penny into some old boy network coin. They are worthless to me. The fact that anyone can compete for coins makes senses and is fair. Issuing coins is one of the big problems in monetary systems that bitcoin solves. Such hypocritical bullshit spews out of bitcoin zealots mouth.. Let me dumb it down for you.. bitcoin's networks is a good old boys network now. That is what this thread is about. Everyone can not participate or compete. |
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Finally, if you are so convinced that PoW is the end of Bitcoin, let us know what the alternative is. If it is PoS, well... PoS already exists, so just go use that instead of trying to change something that some of us think is working just fine. I've also advocated for a PoS fork of Bitcoin itself. I would love to see it compete head to head with the original PoW.
I always assumed that was a sarcastic thought experiment where you get to double your holdings (of PoW Bitcoin). One thing I don't get with all these threads is why Bitcoin proper would be expected to drop it's one defining characteristic. We are currently conducting an experiment to find out if distributed consensus is even possible in the face of well-funded adversaries. To change the consensus mechanism mid-stream would invalidate the experimental results. I understand that the PoW opponents think that PoW will eventually fail. If/when it does, we can learn from how much damage is actually done during the attack. Bitcoin is designed in such a way that any attack has to be ongoing to be effective. With the "Nothing at Stake" problem in PoS coins, the attacker needs only the majority of votes at a single point in time. It wont fail it will just become irrelevant, you can still use myspace. |
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Back when BTC was truly decentralized -- everyday users mining on any old PC -- this was a great selling point to get people on board with this type of currency. Everyone that had Bitcoin on the network was help keeping this going, but nope -- with the current METHOD used for mining has only one future, and that is eventually ending up with a few huge mining companies.
While the idea that at least several companies around the world would be mining/maintaining the network sounds okay, I still think that is very bad for Bitcoin, but that is exactly where the future for us is headed. You even have the hardware companies deciding they rather mine instead of sell to individuals. Something needs to be changed to give THE PEOPLE back power, which was the whole point of Bitcoin.. At this point every single day Bitcoin becomes less and less for the people..
-Sqw33sh
7 pages already for this BS topic? Back when BTC was " truly decentralized" someone with a couple thousand $ could disrupt your decentralized network. It's not that hard...So what's the purpose of this topic again? For you to get rich from mining? The point is people shouldn't make money or get rich from mining, as that obviously leads to centralization. (just my OPINION - Holiday relax) Man I like this guy.. You got it bro. It is the financial incentive in controlling the network that will insure that it will be controlled. It is a consequence of the scarcity model for currency. |
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Your only in it for you so I dont expect you to get it.
Until we evolve into a hive mind, that's how things are going to have to work. I'm in it because I value my freedom, you are damn right. Pea brain. If you are free and your children are enslaved what good is it? Altruism is a selfish act. In other words what good is my freedom if my brother is enslaved? Did you think that I would value my freedom above that of my children? Stop assuming things about me. My children will have every ounce of knowledge that I've acquired, plus their youth with which to use it. I can't force you to choose correctly, nor would I presume to do so. Apparently you think you know what is best for not only me, but my children, and the rest of humanity. Cant see the forest for the trees. Perhaps. I've never claimed to have the answers for the forest nor for the trees. I only claim to do what I think is best for me and those around me. I will continue to use Bitcoin as a censorship-proof asset until (if) something better comes along. When I see threads devoted to deriding Bitcoin for the same old tired reasons, I will continue to question them and ask for a viable alternative, otherwise, what is the point? I am genuinely quite impressed with your patience towards these chaps Holliday. I can never understand why these kinds of people, who obviously dislike bitcoin and those who use/work with it and would like to see it fail, for some reason which only they can understand, hang out online in bitcoin forums; it truly boggles my mind. If they were here to point out issues with the protocol because they wanted to help fix them or ask the community for help then I could understand, but to just spout nonsense about guaranteed failure, well, I certainly do not do such things in places I can choose to freely not participate in. What a waste of time & energy. I love Bitcoin, problem is you have people like you and Holiday that give BTC a bad name by acting all cult-like towards this currently existing system. You guys are exactly the type of people that would blow up in a conversation in the real world when hearing the TINIEST negative thing about Bitcoin. Grow up and face reality. Its very annoying, but less and less of them as the price continues to tank, wait till its back to 20 bucks a coin. |
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Your only in it for you so I dont expect you to get it.
Until we evolve into a hive mind, that's how things are going to have to work. I'm in it because I value my freedom, you are damn right. Pea brain. If you are free and your children are enslaved what good is it? Altruism is a selfish act. In other words what good is my freedom if my brother is enslaved? Did you think that I would value my freedom above that of my children? Stop assuming things about me. My children will have every ounce of knowledge that I've acquired, plus their youth with which to use it. I can't force you to choose correctly, nor would I presume to do so. Apparently you think you know what is best for not only me, but my children, and the rest of humanity. Cant see the forest for the trees. |
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Your only in it for you so I dont expect you to get it.
Until we evolve into a hive mind, that's how things are going to have to work. I'm in it because I value my freedom, you are damn right. Pea brain. If you are free and your children are enslaved what good is it? Altruism is a selfish act. In other words what good is my freedom if my brother is enslaved? |
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I seriously thought this guy was finally done..  He is never done, like any good zealot I'm here because I value the properties of Bitcoin. It's a Bitcoin forum, for fuck's sake. Why are you here? And I'm the zealot? I actually value the thing we are discussing. You are simply here to deride it! Currency has no value it represents value. I value the properties of Bitcoin. You can't tell me that I don't. You are right individuals are allowed to value anything they want no matter how pointless it is. Yes, and for some reason you want me to suffer because of it. I wish no ill will upon you. It freaks me out that you would wish me harm when you only know what I present to you on an internet forum. What I know is you support a concept that benefits you at the expense of others. |
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Your a retard, I hope you lose your ass, you deserve it. I will be here to laugh at you while you sink with this ship.
And I'm the angry guy in this thread... Not angry, just enjoy watching zealots eat humble pie. You want me to suffer because I value something? I'm not asking you to value it. What is your problem? I dont like watching zealots defraud liberty lovers. You and your kind are redistributing funds from freedom lovers to yourself and KNC I don't want anything that belongs to you. I don't want you to own bitcoins. I don't recommend that you do own or value bitcoins. I don't know how you can possibly make these accusations. Your only in it for you so I dont expect you to get it. |
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His basic premise is that Bitcoin is small and therefore it can never get bigger. That is a fallacy and everything he says is based on it.
Even when confronted directly with the criticism that "he doesn't understand the potential", his response is "there are fewer companies that put bitcoin on their books than there are piano tuners in Canada".
BTW, he gets interviewed a lot right now because he is selling a book. His book will be a flop (by his logic, because only a few people own it) and he will go away.
^ another bitcoin zealot I almost posted it for you, because I knew it was coming... I didn't because I thought the poster you quoted would have been confused. I think you need to step back and question your own motives and how you apply them before you start calling other people zealots. I have no holdings how about you? And you continue to post on a Bitcoin forum? Are you like... trying to save us? Time is money. There is no saving you. You cant see the forest for the trees |
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I seriously thought this guy was finally done.. He is never done, like any good zealot I'm here because I value the properties of Bitcoin. It's a Bitcoin forum, for fuck's sake. Why are you here? And I'm the zealot? I actually value the thing we are discussing. You are simply here to deride it! Currency has no value it represents value. I value the properties of Bitcoin. You can't tell me that I don't. You are right individuals are allowed to value anything they want no matter how pointless it is. |
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Your a retard, I hope you lose your ass, you deserve it. I will be here to laugh at you while you sink with this ship.
And I'm the angry guy in this thread... Not angry, just enjoy watching zealots eat humble pie. You want me to suffer because I value something? I'm not asking you to value it. What is your problem? I dont like watching zealots defraud liberty lovers. You and your kind are redistributing funds from freedom lovers to yourself and KNC |
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I seriously thought this guy was finally done.. He is never done, like any good zealot I'm here because I value the properties of Bitcoin. It's a Bitcoin forum, for fuck's sake. Why are you here? And I'm the zealot? I actually value the thing we are discussing. You are simply here to deride it! Currency has no value it represents value. |
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His basic premise is that Bitcoin is small and therefore it can never get bigger. That is a fallacy and everything he says is based on it.
Even when confronted directly with the criticism that "he doesn't understand the potential", his response is "there are fewer companies that put bitcoin on their books than there are piano tuners in Canada".
BTW, he gets interviewed a lot right now because he is selling a book. His book will be a flop (by his logic, because only a few people own it) and he will go away.
^ another bitcoin zealot I almost posted it for you, because I knew it was coming... I didn't because I thought the poster you quoted would have been confused. I think you need to step back and question your own motives and how you apply them before you start calling other people zealots. I have no holdings how about you? |
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Your a retard, I hope you lose your ass, you deserve it. I will be here to laugh at you while you sink with this ship.
And I'm the angry guy in this thread... Not angry, just enjoy watching zealots eat humble pie. |
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I seriously thought this guy was finally done.. He is never done, like any good zealot |
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As I stated, learn to read, and please do learn how to interact with an individual, instead of acting like a complete cult hugging nut.
I'm trying my hardest man. You just keep on insulting me and offer nothing of substance. I really don't know why I'm even talking to you at this point. Apparently one of us is insane. I concede, it's me! Not insane just brainwashed. There is nothing to fix with bitcoin because there is nothing wrong with it is there? Bitcoin will continue to consolidate because its not a problem according to some. I'm brainwashed? By whom? It it because I need something more than random (many times repeated) accusations on the internet to believe something is true? Did you read about economic majority and how it applies to Bitcoin? Your a retard, I hope you lose your ass, you deserve it. I will be here to laugh at you while you sink with this ship. |
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His basic premise is that Bitcoin is small and therefore it can never get bigger. That is a fallacy and everything he says is based on it.
Even when confronted directly with the criticism that "he doesn't understand the potential", his response is "there are fewer companies that put bitcoin on their books than there are piano tuners in Canada".
BTW, he gets interviewed a lot right now because he is selling a book. His book will be a flop (by his logic, because only a few people own it) and he will go away.
^ another bitcoin zealot |
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As I stated, learn to read, and please do learn how to interact with an individual, instead of acting like a complete cult hugging nut.
I'm trying my hardest man. You just keep on insulting me and offer nothing of substance. I really don't know why I'm even talking to you at this point. Apparently one of us is insane. I concede, it's me! Not insane just brainwashed. There is nothing to fix with bitcoin because there is nothing wrong with it is there? Bitcoin will continue to consolidate because its not a problem according to some. |
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Blah blah blah are you done yet? We get it, heard you, want a trophy?
So this is the extent of your knowledge? You can precisely predict what will cause Bitcoin's final demise but you can't provide us with an alternative? Maybe you can learn something from the other people posting and stop the raging. I'm just pointing out your failures as a doomsday soothsayer. As I stated, this isn't doomsday so calm down and learn how to interact with someone. You cant rationalize with a zealot. |
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