---------------------------- Original Message ----------------------------
Subject: personal story of hardship in the U, S, of A.
From:    AnonyMint
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
Bcc:    Anonymous
--------------------------------------------------------------------------

Ebola pandemic is quite likely:

http://armstrongeconomics.com/2014/07/31/ebola-virus-the-next-plague-due-2019/

Armstrong's A.I. computer model was calling for a pandemic after 2016 since well before this Ebola outbreak started.

The 'grinding halt' comment was mine.

You've failed to remember the key fact about the marginal-utility-of-debt, which is that eventually it goes negative and no one is in control, not even the globalists, because productivity has been suffocated in layers of spaghetti obligations and misallocated life directions. The negative educational inertia debt, etc.. can't be unwound without collapse into a gridlock low.

You assign power to the globalists which they could not mathematically possess. Nature is in control now, they are bystanders.

What the elite hope to do is manage the "creative destruction" towards their aims of globalist hegemony. They do understand the west is lost, so they need to create war in the west to have something to blame the gridlock on other than debt. This way at the end of WW3, they can call for globalist solutions to end the possibility of nation-state discord which they will say in their propaganda was the cause of the crisis (causing the sheepeople to forget that the declining marginal-utility-of-debt sustained past the point of no return by socialism was the real cause).

The globalists understand that all real productivity is coming from the developing world, they are trying to use the levers they do control in order to be sure they gain the most leverage into this rebalancing process. They have shifted the oil revenue from Russia and the Middle East to the USA, so they can leverage the developing world to sustain the west, with them in control of the spigot through a much more Technocratic controlled socialism.

This is why they need the NSA hunting everything down, and the FACHA, so as to prevent any capitalists in the west from competing with them for opportunities in this rebalancing process.



Anonymous wrote:
> BTW, don't you think perhaps the steady debasement of the dollar with year
> over year inflation in many sectors is a de facto or indolent version of
> "hyperinflation" such that debt will have much less consequence?  This
> would be a primary reason TPTB in the US have been running up the national
> deficit, they know it won't particularly matter much at some point and it
> can also be leveraged initially for austerity and more taxes.  And you
> know LaGarde has already used the term "global currency reset".
> I can't tell if you made the "grinding halt" comment, but given the level
> of centralized control and the plan to incrementally install a global
> technocracy, there doesn't need to be a halt.  A sharp sudden painful
> contraction will only take place if it is so desired for "shock and awe"
> purposes to temporarily paralyze the masses as new radical policies are
> implemented.  I've heard Catherine Austin Fitts express the same view.
> More concerning than debt is the increase in environmental chaos
> (Fukushima, Gulf Oil, geoengineering, fracking, etc.), showing the elites'
> position of moving ahead with soft kill and contriving another excuse for
> world government.


In case I wasn't clear before, because I was sleepy. Let me expound a bit.

Defaulting on a student loan (or any loan) should have no power to put a
lien on your bank account nor any asset which you did not specifically
assign as collateral to the loan when you signed the loan contract.

The concept of assigning all your future unknown earnings and assets as
collateral to a loan is an egregious abomination that only the most evil
society could possibly be fooled into thinking is rational.

If the lender has no risk and all the risk is transferred to society, i.e.
destroy the productivity of everyone in gridlock liens on everything when
the debt bubble contracts, because excessive loans were made because the
lender assumed no risk, then the mathematically sure outcome is a Dark
Age.

I hope the high IQ people amongst us can interpret what I've just written
and explain it layman's terms. I don't have time to break it down more at
the moment.

In short, you should have been able to default on the student loan, had
your credit rating wiped out, but not lost your business nor had your bank
account sequestered.

But Western Civilization is in an irrational, evil apex at the moment and
destined to crash and burn.

That is why we in the crypto-currency arena are developing technological
solutions to put a stop to this mess.



------------------------------------------------------
Let me clarify.

I mean that it is an abomination for default on a student loan to make all
your assets and incomes encumbered collateral by default.

A personal loan should always be defaulted with the only recourse of the
lender being lowering your credit rating. It should have no claims on your
assets and income, except for assets you put up specifically as
collateral.

This system the bankers have devised in the western countries, is going to
bring the western civilization to a grinding halt.

P.S. You see adding more debt was not the solution, rather the solution
was default but they won't let you default. They want to hold you in
perpetual debt servitude instead. We've regressed to the feudal system
again.


------------------------------------------------------
bcc: all

So the loan was just to be able to pay off the student loan so you
wouldn't go into default. Not for expansion.

But the real culprit here is not the refusal to give you a loan (debt is
always bad, default is better), rather the stupidity of a bankruptcy
system that doesn't allow you to protect your business (or at least not
continue to garnish your bank account) in a default so you can continue to
be productive. Maybe you got bad legal advice?

But seems you are saying the bankruptcy system preferred you to be
unproductive (or you are saying it is not discharged yet, so maybe you
will get relief soon). And that is an abomination (to the Lord or even to
atheists).

If you are trying to argue for debt, I will have to disagree with you. You
overextended and the correct thing is default. But default means
everything is liquidated, then you can start over fresh, not continue to
hold your bank account hostage so you can't be productive again.

yeah (un)employees get laid off in defaults. But default is always better
than debt. Bible says borrower is slave to the lender.

So we try with crypto-currency innovation to take away the power of the
system to garnish payments and bank accounts. Society shouldn't have so
much power because society can't be entrusted not to abuse it.


------------------------------------------------------
I don't mind if you share.

I place 100% of the blame on myself, it was my mistake in that I saw
opportunity in expansion disproportionately to the risk of overextension.
However, 5 people became unemployed because of my 580 credit score... The
fact that I had turned an initial 10,500 investment into a small-medium
sized business meant nothing... Nobody had anything to say to me except,
"we're sorry but you don't meet the minimum credit score requirement."

Nothing good can come from a system that operates this way...

------------------------------------------------------
Do you want me to keep your story private or share it?

Might be motivational to all if you feel comfortable being so naked. Some
people like more privacy which is understood.

It is an abomination that the government passed a law a few years ago
making student loans ineligible for discharge in bankruptcy (with rare
exceptions).

Is the sales tax dischargeable in bankruptcy?

This is your mistake of course, but the system is too harsh. How can they
expect for you to pay them if they take away your ability to earn. This is
how the western civilization will destroy all productivity. The system
should at least allow you to continue and take a small amount from your
bank account each month larger than the market rate of interest on the
principle owed. But the western system is punitive now. I even see they
put a mother in jail for allowing her 6 year old son to walk down the
block unescorted to the park to play. When society reaches this stage, the
collapse is near.

Any way you will come out of this much stronger. But I do beg of you,
don't only blame it on the system. Use it as an opportunity for
self-inspection to be more diligent in the future to discharge your loans
and much better always avoid debt, and grow within your cash flow means
always with some savings.

One of the fundamental teachings in the Bible (in the second book) is
always prepare for 7 lean years after 7 good years. Savings is very, very
important. Always hold some in reserve.

Recently I paid down all my loans in cash with 50% settlement offers. I
had about $20,000 in credit card debt which is now paid down.
Unfortunately I will have to pay income taxes on the portion of the debt
forgiven!! What racket the system has!

------------------------------------------------------
I'm not in a good financial situation at all. I just recently lost my auto
repair shop, throwing me into a bankruptcy which hasn't been discharged
yet. I'm forced to work only for cash by word-of-mouth since I have a
government lien on my bank account. I owe for the last 3 months of sales
taxes which are more than I could expect to make in 6 months working full
time for somebody else... I'm not wealthy at all, I had my moment of
wealth but now I'm down. I have about 1 ounce of 24k gold left to sell and
a few cars which I'm in the process of flipping for a profit. Everything
else I make is just to sustain my family. I currently have enough of a
customer base to work about 4 days a week, at least a few hours a day at
$60 per hour. I'm unable to advertise because of my circumstances.

I still have my knowledge, reputation (which is very strong), and my
desire to be free of this nightmare monopoly game. This system isn't fair,
nor just, and I'm not subscribing to it anymore... I had a great business
for 4 years, 4 employees below me, a great reputation in the community,
but my credit was too poor to get a loan from the start. I reinvested too
much of my cash flow into equipment without saving for a rainy day.
Everything I had to offer and nobody at any of the banks would even look
at my plan or business history. I had a 580 credit score because of a
collection on a phone contract, I wasn't a home owner, and late payments
on a student loan (my dad surprised me one day and told me that he had
taken over the student loans for me and my older sister, but apparently
there was a problem with the consolidation loan he took and neither of us
were aware of it until collections.)

---------------------------- Original Message ----------------------------
Subject: personal story of hardship in the U, S, of A.
From:    AnonyMint
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
Bcc:    Anonymous
--------------------------------------------------------------------------

Ebola pandemic is quite likely:

http://armstrongeconomics.com/2014/07/31/ebola-virus-the-next-plague-due-2019/

Armstrong's A.I. computer model was calling for a pandemic after 2016 since well before this Ebola outbreak started.

The 'grinding halt' comment was mine.

You've failed to remember the key fact about the marginal-utility-of-debt, which is that eventually it goes negative and no one is in control, not even the globalists, because productivity has been suffocated in layers of spaghetti obligations and misallocated life directions. The negative educational inertia debt, etc.. can't be unwound without collapse into a gridlock low.

You assign power to the globalists which they could not mathematically possess. Nature is in control now, they are bystanders.

What the elite hope to do is manage the "creative destruction" towards their aims of globalist hegemony. They do understand the west is lost, so they need to create war in the west to have something to blame the gridlock on other than debt. This way at the end of WW3, they can call for globalist solutions to end the possibility of nation-state discord which they will say in their propaganda was the cause of the crisis (causing the sheepeople to forget that the declining marginal-utility-of-debt sustained past the point of no return by socialism was the real cause).

The globalists understand that all real productivity is coming from the developing world, they are trying to use the levers they do control in order to be sure they gain the most leverage into this rebalancing process. They have shifted the oil revenue from Russia and the Middle East to the USA, so they can leverage the developing world to sustain the west, with them in control of the spigot through a much more Technocratic controlled socialism.

This is why they need the NSA hunting everything down, and the FACHA, so as to prevent any capitalists in the west from competing with them for opportunities in this rebalancing process.



Anonymous wrote:
> BTW, don't you think perhaps the steady debasement of the dollar with year
> over year inflation in many sectors is a de facto or indolent version of
> "hyperinflation" such that debt will have much less consequence?  This
> would be a primary reason TPTB in the US have been running up the national
> deficit, they know it won't particularly matter much at some point and it
> can also be leveraged initially for austerity and more taxes.  And you
> know LaGarde has already used the term "global currency reset".
> I can't tell if you made the "grinding halt" comment, but given the level
> of centralized control and the plan to incrementally install a global
> technocracy, there doesn't need to be a halt.  A sharp sudden painful
> contraction will only take place if it is so desired for "shock and awe"
> purposes to temporarily paralyze the masses as new radical policies are
> implemented.  I've heard Catherine Austin Fitts express the same view.
> More concerning than debt is the increase in environmental chaos
> (Fukushima, Gulf Oil, geoengineering, fracking, etc.), showing the elites'
> position of moving ahead with soft kill and contriving another excuse for
> world government.


In case I wasn't clear before, because I was sleepy. Let me expound a bit.

Defaulting on a student loan (or any loan) should have no power to put a
lien on your bank account nor any asset which you did not specifically
assign as collateral to the loan when you signed the loan contract.

The concept of assigning all your future unknown earnings and assets as
collateral to a loan is an egregious abomination that only the most evil
society could possibly be fooled into thinking is rational.

If the lender has no risk and all the risk is transferred to society, i.e.
destroy the productivity of everyone in gridlock liens on everything when
the debt bubble contracts, because excessive loans were made because the
lender assumed no risk, then the mathematically sure outcome is a Dark
Age.

I hope the high IQ people amongst us can interpret what I've just written
and explain it layman's terms. I don't have time to break it down more at
the moment.

In short, you should have been able to default on the student loan, had
your credit rating wiped out, but not lost your business nor had your bank
account sequestered.

But Western Civilization is in an irrational, evil apex at the moment and
destined to crash and burn.

That is why we in the crypto-currency arena are developing technological
solutions to put a stop to this mess.



------------------------------------------------------
Let me clarify.

I mean that it is an abomination for default on a student loan to make all
your assets and incomes encumbered collateral by default.

A personal loan should always be defaulted with the only recourse of the
lender being lowering your credit rating. It should have no claims on your
assets and income, except for assets you put up specifically as
collateral.

This system the bankers have devised in the western countries, is going to
bring the western civilization to a grinding halt.

P.S. You see adding more debt was not the solution, rather the solution
was default but they won't let you default. They want to hold you in
perpetual debt servitude instead. We've regressed to the feudal system
again.


------------------------------------------------------
bcc: all

So the loan was just to be able to pay off the student loan so you
wouldn't go into default. Not for expansion.

But the real culprit here is not the refusal to give you a loan (debt is
always bad, default is better), rather the stupidity of a bankruptcy
system that doesn't allow you to protect your business (or at least not
continue to garnish your bank account) in a default so you can continue to
be productive. Maybe you got bad legal advice?

But seems you are saying the bankruptcy system preferred you to be
unproductive (or you are saying it is not discharged yet, so maybe you
will get relief soon). And that is an abomination (to the Lord or even to
atheists).

If you are trying to argue for debt, I will have to disagree with you. You
overextended and the correct thing is default. But default means
everything is liquidated, then you can start over fresh, not continue to
hold your bank account hostage so you can't be productive again.

yeah (un)employees get laid off in defaults. But default is always better
than debt. Bible says borrower is slave to the lender.

So we try with crypto-currency innovation to take away the power of the
system to garnish payments and bank accounts. Society shouldn't have so
much power because society can't be entrusted not to abuse it.


------------------------------------------------------
I don't mind if you share.

I place 100% of the blame on myself, it was my mistake in that I saw
opportunity in expansion disproportionately to the risk of overextension.
However, 5 people became unemployed because of my 580 credit score... The
fact that I had turned an initial 10,500 investment into a small-medium
sized business meant nothing... Nobody had anything to say to me except,
"we're sorry but you don't meet the minimum credit score requirement."

Nothing good can come from a system that operates this way...

------------------------------------------------------
Do you want me to keep your story private or share it?

Might be motivational to all if you feel comfortable being so naked. Some
people like more privacy which is understood.

It is an abomination that the government passed a law a few years ago
making student loans ineligible for discharge in bankruptcy (with rare
exceptions).

Is the sales tax dischargeable in bankruptcy?

This is your mistake of course, but the system is too harsh. How can they
expect for you to pay them if they take away your ability to earn. This is
how the western civilization will destroy all productivity. The system
should at least allow you to continue and take a small amount from your
bank account each month larger than the market rate of interest on the
principle owed. But the western system is punitive now. I even see they
put a mother in jail for allowing her 6 year old son to walk down the
block unescorted to the park to play. When society reaches this stage, the
collapse is near.

Any way you will come out of this much stronger. But I do beg of you,
don't only blame it on the system. Use it as an opportunity for
self-inspection to be more diligent in the future to discharge your loans
and much better always avoid debt, and grow within your cash flow means
always with some savings.

One of the fundamental teachings in the Bible (in the second book) is
always prepare for 7 lean years after 7 good years. Savings is very, very
important. Always hold some in reserve.

Recently I paid down all my loans in cash with 50% settlement offers. I
had about $20,000 in credit card debt which is now paid down.
Unfortunately I will have to pay income taxes on the portion of the debt
forgiven!! What racket the system has!

------------------------------------------------------
I'm not in a good financial situation at all. I just recently lost my auto
repair shop, throwing me into a bankruptcy which hasn't been discharged
yet. I'm forced to work only for cash by word-of-mouth since I have a
government lien on my bank account. I owe for the last 3 months of sales
taxes which are more than I could expect to make in 6 months working full
time for somebody else... I'm not wealthy at all, I had my moment of
wealth but now I'm down. I have about 1 ounce of 24k gold left to sell and
a few cars which I'm in the process of flipping for a profit. Everything
else I make is just to sustain my family. I currently have enough of a
customer base to work about 4 days a week, at least a few hours a day at
$60 per hour. I'm unable to advertise because of my circumstances.

I still have my knowledge, reputation (which is very strong), and my
desire to be free of this nightmare monopoly game. This system isn't fair,
nor just, and I'm not subscribing to it anymore... I had a great business
for 4 years, 4 employees below me, a great reputation in the community,
but my credit was too poor to get a loan from the start. I reinvested too
much of my cash flow into equipment without saving for a rainy day.
Everything I had to offer and nobody at any of the banks would even look
at my plan or business history. I had a 580 credit score because of a
collection on a phone contract, I wasn't a home owner, and late payments
on a student loan (my dad surprised me one day and told me that he had
taken over the student loans for me and my older sister, but apparently
there was a problem with the consolidation loan he took and neither of us
were aware of it until collections.)

I choose to be in the "happy" category, because I personally can utilize the BTC to make my productivity more efficient as alluded to in my prior post.

1KxTtf1AjoS5hne974YoKjWL6fqcBgJUpE

For example, I recently spent $635 at amazon.com for a 6 month supply of AHCC, which is the herbal cure I am taking to treat my viral infection and concomitant auto-immunity (mice were cured when injected with the virus I apparently have). Before that I was spending $9 per day to source it locally in the Philippines.

I also continue to give to allmany of the needy who ask my assistance and have continued to give out $200+ a month to recipients in the Philippines who ask for my help (hard to refuse people who can't eat or who are in pain with severe hernia or other condition). I have "peso padala" receipts (e.g. Palawan pawnshop, M'Lhuiller pawnshop, Cebuana Huiller, and LBC) documenting my ongoing philanthropy. I do this inspite of watching my capital dwindle, and even my local gold dealer holds $70,000 of my money and after 3 months can't provide me my money!

P.S. Armstrong is predicting the ebola virus to spread every where by 2017 - 2018. So there is going to be much suffering that needs to be addressed (ponder the orphaned children, etc). We really need to expand the size of the pie as rapidly as possible. I hope we can offset this with our efforts and see more people in the Happy category. He wrote some time ago about how his computer models were expecting a rise in the epidemic cycle. His models see a confluence of bad cycles rising all at the same time. We are headed into a very difficult period 2016 - 2020 maybe to be difficult until 2024 or 2032.

I entirely agree with rpietila's point that getting capital into the hands of those who are the most productive is how we create prosperity for mankind. We must grow the size of the pie, not fight over the pie while we shrink it with our myopic zero sum game thinking.

So great minds are thinking the same.

The role of a whale is to direct capital to the most efficient and productive. It becomes more and more difficult to do this as capital grows large, because the whale needs size and can't efficiently chase smaller opportunities. Thus a whale relies on those who can build systems that increase his economy-of-scale in terms of directing his capital to the most productive.

Thus I wholeheartedly accept rpietila's kind offer, as it is being placed into very high productivity-- much higher than a few months ago because recently my health has improved (due to AHCC and a Paleo diet). I still suffer some drag on my time, e.g. family burdens. And often capital can be expended to increase available time, e.g. hire a maid or send some $ for summer camps.

Even the best intentions can be caustic towards scaling. Rpietila believes in a top-down world organized by power-law distribution of capital. His group grew the cryptocrypt forum to 400 members in several months specifically around this model for the world. Hope he can scale Monero to more than 400 users in several months.

Selling crypto-currency to speculators here on this forum is only a small part of scaling a money for the world. It is not a totally unimportant aspect, but it is not sufficient by itself.

I will refrain from posting in this thread. Someone messaged me to read the "Monero Jesus" comment.

As far as I know, Risto is a very upstanding member of society and believes he is doing his best to better mankind. I do not disparage his intentions. He is also my friend before, but the situation might be (?) a bit strained at the moment, because I know programming and market scaling to non-investor markets. So we will not naturally necessarily see each other's viewpoint at this time. Although I can't say we've had any arguments lately. And I did not come to his thread to end up in fight. I simply wanted to analyze the factual situation of the altcoins as best I can from my knowledge and perspective.

I do think I should stay out this discussion now. I do wish everyone the best, including all the developers of the various coins.

God bless all of you.

Clearly you can see someone wants most fiat <--> BTC exchange to go through the likes of centralized Coinbase and not through decentralized small businesses.

You can compare it to the growth of the internet or the radio, which were decentralized early on and attained the smartphone's fast rate of growth.

My CoolPage.com was released Oct. 1998. By 2000-1, I (as a 1 man company) had well in excess of 1 million downloads (just on download.com it shows 2/3 of a million and that didn't include Tucows and other download sites, as well as downloads from our site since I was spending up to $10,000 a month on Goto.com/Overture and then Google Ads) and I confirmed using a special AltaVista search feature 335,000 active websites created with the CoolPage editor (because I embedded coolpage.com in a meta tag). At that time, if I remember correctly, CoolPage.com peaked as a top 10-50,000 site as reported by Alexa (note we didn't have a sticky site, users just dropped in to download and then not come back unless they needed to download again or upgrade or get customer support, so the site ranking doesn't reflect user share).

So in less than 3 years, it had grown to 0.1 - 0.25% share of the internet users. Bitcoin was estimated to have in the realm of 1 million users when it hit 5 years, which was only 0.03% of the internet. In 2012 when Bitcoin was 3 years old, it had probably less than 100,000 users[1] and thus 0.003% of the internet. Bitcoin.org is a top 10,000 site and peaked in the top 1000. This is understandable due to the extent that Bitcoin was hyped in the media.

Bitcointalk.org is a top 3000 site and hasn't peaked but was top 2000. Why it is more popular? Probably because creating new discussions on bitcointalk.org is DECENTRALIZED thus more N x N network effects and sustaining value, i.e. there is always new information unlike at bitcoin.org.

I wasn't backed by any big companies. My company was never plastered all over the (top down controlled!) internet news sites. I was a 1 man company, and I slaughtered Bitcoin's (top down investment pump!) rate of growth.

Bitcoin is failing to grow fast because it is becoming increasingly centralized. I believe you've got the concept backwards. Decentralized viral growth, grows geometrically faster than top-down managed growth due to Reed's or Metcalf's laws.

Bitcoin is weighed down by dead weight of myopic investment whales who work hard to top down herd the flock (see the centralization of mining for example, and it also applies to Winkervoss twins, Peter Thiel, and even our resident forum whale). This must change if we are to grow crypto-currency for the world. It won't change with words. It will change with programming.


[1] In the OP, I cited where Peter R showed that price (or was it marketcap?) is correlated very closely to N x N, where N is a proxy for the number of users. Bitcoin was < $10 in 2012, thus 1/100 of recent prices, so we can expect users were 1/10 since 10 x 10 = 100. If it was marketcap, it was even less users.

Tonight I learned from my 20-something neighbor in the Philippines that he estimates 25% of his former classmates are doing call center or virtual work online. He is doing administrative work for a foreclosure company based in Florida. His job is to compile photos, submit online listing, and monitor to make sure all listings are in sync. His wife is a customer service rep for a USA company that sells bikinis. They both work at night on the computer. He earns about $750 a month, which slightly more than the $650 a tenured teacher earns, in a country where the official minimum wage is about $240 monthly and many non-professionals earn less than that.

They find jobs and get paid through oDesk.com, which takes a 10% fee.

His brother created a social media app Lifebit, and is in the process of seeking venture funding.

The Philippines is moving towards taxing their incomes.

He has heard of Bitcoin and was thinking about doing mining in his home but didn't seem so practical to him. He agrees Bitcoin hasn't spread as much in 5 years as the smartphone did.

Implications:

1. The market for a decentralized payment system that could scale to such social media and virtual economy is growing.

2. The world is changing radically and the western high salaries are being hollowed out, at least for work that doesn't require extremely high skills that filipinos can't do. The west MUST collapse down to the level of these salaries paid abroad.

3. When the west collapses 2016 - 2020+, some of these virtual workers in the developing countries are going to lose their jobs (e.g. customer service rep for bikini company). One might envision the foreclosure work increasing, but the company demanding to pay less or increase the work load for the same pay.

4. This confluence of economic challenges is going to create a huge demand for investment in the high tech virtual economy where the growth will occur.

5. Bitcoin's adoption is past 20% already. It will not scale sufficiently.


Clearly we are moving to electronic money. The remaining question is who will control it. Will it be a fiat or a decentralized crypto-currency. Bitcoin couldn't scale any way without being centralized (another Visa).

We live in interesting and exciting times.

I am likely your elder. Perhaps you've forgotten what culture was like back in the day. You didn't speak to your elders disrespectfully.

I told you to reign in dga. He reflects badly on your coin. And smooth made a reply upthread in support of Wolf0 at my expense.

You are playing politics right now. You never stop.

I would like to have a technical and factual discussion, but instead you want to fucking play this shit. That means fight.

You only responded, because I just blew away your entire marketing foundation.

Piss off. <middle finger>

But Monero's advantage is too muddled to trounce DarkCoin, because while DRK's masternodes could potentially be compromised, XMR's I2P connections could potentially be compromised.

Good luck trying to explain the distinction to a wide audience. You'll never scale that dissemination of marketing.

You see this is where I kick your butt, because I've done million user products before and I understand what matters.

You guys in armchairs. Have. No. Fscking. Clue.

You will get off my lawn kiddies.


In a fantasy world where 'privacy' isn't a lie that you can't market against. Most people think they have privacy already.

Privacy was never a sufficient feature alone to win this market on. I knew that!

Btw, the anonymity trend was to some significant extent pushed along by me since early 2013 and my voluminous posts on the matter. And you think you can be pissingly disrespectful to me and gain community!

I never did anything to any of you to justify you treating me with such disdain. An apology from you would go a long way towards some hope of mutual respect. But I don't expect it will be forthcoming.


Because there is a perception (and perhaps a reality) that confidence is moving towards Monero. Humans are herding creatures. This is the network effects point as well. The main features these investors (speculators) think is important are the ring signatures and the I2P integration. They don't see what BBR has that is important.  BBR is trying to sell a faster hash and some fractional reduction in blockchain bloat, but neither of those features addresses any real perceived dire need (although the faster hash is important long-term for decentralization, but nobody cares right now).

I hope you realize that a pool with 50% of the hashrate, could discard hash solutions 50% (25% of all hashes generated in system) of the time (to favor some nonrandom bits in the data) and still win 37.5% of the block rewards. If this attack enabled them to speedup the calculation of the PoW by 100% only, they would have 67% hashrate, thus winning 50.25% of the block rewards.

This is an example of analysis that needs to be done within the scope of cryptanalysis and game theory.

Altcoins by non-cryptographers are dangerous, analogous to ignorant children playing with fire.

Edit: for novices (and those facetious whose goal is to obfuscate, not procreate), the above isn't limited to those with 50% of the hashrate.

"I hope you realize that a pool with X% of the hashrate, could discard hash solutions 50% ((X/2)% of all hashes generated in system) of the time (to favor some nonrandom bits in the data) and still win (X * 0.75)% of the block rewards. If this attack enabled them to speedup the calculation of the PoW by 100% only, they would have (2 * X / (1 + X/100))% hashrate, thus winning ((2 * X / (1 + X/100)) * 0.75)% of the block rewards."

Nor is it limited to 100% speedup vulnerabilities.

"I hope you realize that a pool with X% of the hashrate, could discard hash solutions 50% ((X/2)% of all hashes generated in system) of the time (to favor some nonrandom bits in the data) and still win (X * 0.75)% of the block rewards. If this attack enabled them to speedup the calculation of the PoW by A%, they would have ((X + A/100 * X) / (1 + (A * X)/10000))% hashrate, thus winning (((X + A/100 * X) / (1 + (A * X)/10000)) * 0.75)% of the block rewards."

For example, lets set X = 33%, A = 10x speedup, and discarding 67% of hash solutions. The adversary gets 37% of the block rewards.

This field of analysis is game theory.

Zoidberg, this is an example of an opportunity that you may have failed to grab in the past. At the moment, if you could do some analysis of the issue I raised and come back with some concrete explanation or improvement made to your PoW, it would show that unlike Monero crapholes, you are open source to valid feedback and do try to stay focused on improvements and not political manipulation.

Grabbing such opportunities is the way you win the community.

And nevermind drawingthesun trying to keep you in second place. There is no reason you have to stay in second place, if you can demonstrate better leadership than Monero has. Monero has to cater to the "least common denominator" (e.g. dga), because they are a political paradigm (open source). They don't have any Benevolent Dictator (e.g. Linus Torvalds) to reign in political distraction and keep everything focused on innovation and substance.

It is really sad that most humans are too inept to discern substance.

They are ripe for manipulation.

Armstrong said it best about humans, "if one person  is staring at the sky in a public place, people will ignore thinking the person might be crazy. If 5 people are staring at the sky, a crowd will gather and everyone will look into the sky".

"if one zebra takes off sprinting, the other zebras will copy without even knowing the reason".

Humans have not evolved.

Cripes are you a female? Can we all hold hands, say a prayer, and the technology will magically get done correctly. That is the way females and emasculated western males think.

What you don't understand is that many people did not like Steve Jobs, Bill Gates, Linus Torvalds, etc.. BECAUSE THEY DEMANDED HIGH STANDARDS. Yet you use their creations every day.

There are always these political jealousy hissy fits from losers.

BS walks. Technology and real work talks.

And for damn sure I know how to be polite, lovable, caring, etc.. and I also know how to cast away loser arseholes who are playing asinine political games.

All Scrypt-like memory hard functions have essentially some variant of the same fundamental algorithm (ignoring the initialization of the memory scratchpad):


Note some variants write the output of the hash back into the scratchpad, which is important for diminishing the threat of "lookup gap" strategies for trading computation for memory space.

My assumption (based on your description) is that Boolberry's PoW hash is faster because you replace 'hash' with some faster operation that modulates 'memory[ i ]' by data from the block chain, e.g. perhaps an xor operation. That modulation may not be cyptographically secure because that blockchain data may be subject to cryptanalysis and game theory.

Cryptonote's PoW employes AES round in the 'hash' which may not be cyptographically secure.

Ah what network effects. You guys don't have a freakin' clue. Sigh.

You are just lucky that Zoidberg seems to be lacking in the communication area, or that he misses certain organizational opportunities. You won't be so lucky with me.

smooth your political postering isn't going to help you. I am here to get real work done. Your underhanded psyops are revealing a conniving side of you that I would not want you in my group. Learn to be upstanding, so you can be with the winning group, or stay with the manipulative losers. I'm pretty sure I have no authority over your choice. (arsehole)

You know damn well he is Dunning-Kruger wasting my time. You are too smart not to realize that.

 

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Seriously you have a $6 million marketcap and you all brag about the donation model of funding, so why can't you spend $5000 to get the damn cryptanalysis done going on 3 months after release.

Instead you play manipulative political games. Appearances are that you can't get real work done, and you only have BS politics to fall back on.  

You can't even build anonymity into mining.  



When will you graduate kindergarten?


Either your mind is extremely unperceptive and depraved, or you are just being facetious.

You know damn well that I understand the overview of the algorithm employed to make a hash function memory hard, because I told you that I implemented L3crypt. And it is quite clear from my writings that I am highly knowledgeable in this area.

I didn't study exactly how he is twiddling each bit to utilize the block hash data to provide the randomization of the lookups in the scratchpad, but I do know he says he eliminated the computation of a hash that would normally take that role. Thus I don't need to look at the source code, to make the statements I have made.

Idiots like you are wasting valuable time on political grandstanding. If you had any idea of what I am capable of, you might feel guilty for the disservice you are doing to the community by delaying my work by causing me to have to come here and defend my person against your nonsense.


Just continue to believe that I am not capable. That is perfect. I am going to enjoy immensely putting you in your rightful place.

Any more of this nonsense? Come on don't get shy now. Continue your senseless BS please.

You apparently have no comprehension of what has been said.

"less predictable parts of blocks" makes no quantitative sense. That they were generated from prior PoW is not sufficient to quantify them as "less predictable". For one thing, they are already known by the time they are used. It is not even necessarily true that the PoW hashes couldn't contain planted patterns (remember any value less than the required difficulty is acceptable)!

The Cryptonote PoW algorithm runs the current value through a hash, and uses the output to as the index to lookup the next random memory location containing the next value.

If that hash is not uniformly distributed and or not perfectly random, then the memory locations visited may not comprise all locations in the scratchpad or can be gamed in other ways.

For example birthdays are uniformly distributed but if the sampling size is too small, then the test of duplicate birthdays probabilities are not uniform! So seemingly random and uniformly distributed data is not in another context. The size of the sample (the entropy) matters.

That is just one possible weakness. There may be others.

Using naked (unenveloped) AES rounds as a hash function can be incorrect. I cited a reference on that already.

I haven't studied the Boolberry PoW algorithm but I am aware it is using data from the block chain to modulate the choice of the next index in the scratchpad. The potential problem is that data may not have the degree of uniform distribution and randomness required. Your notion of "less predictable" is mathematical nonsense. It is the period of cyclic structure and extent of entropy that matter in Birthday attacks. The Boolberry PoW algorithm may be replacing the pseudorandom generator in Cryptonote entirely with data from the block chain. Since that data is known a priori, it might be possible to precompute certain lookup tables or other cryptanalysis strategies.

I believe it is possible to fix both if they have weaknesses (well at least Cryptonote but the Boolberry PoW might be doomed if I am correct that planted patterns can be put into block solution hashes). For example for Boolberry, he could probably add a hash computation every so many lookups in the scratchpad (within the loop inside the over PoW hash), to sufficiently randomize and disperse any accumulative effects from the block chain data. Ditto Cryptonote can probably replace the AES circuit with a known secure hash has every N lookups in the scratchpad. But I would prefer cryptanalysis to tell us with more certainty.

WHY ARE YOU WASTING MY TIME? Hire a cryptographer to do some study.

Martin Armstrong talks about what is coming after Sept. 2015 from the 34 min point forward in the a July 14 interview, but the most interesting part for us might be from the 43 min point forward (especially 46:30) where he talks about alternative currencies during this coming period. You can quickly skip forward in the interview to the juicy part. His war and social unrest cycle will start firing zonkers starting this November.

Cute mascot, it is the next Doggiecoin.