IOTA - Permissioned ledger Russian extortion scheme

[TPTB_need_war]

The purpose of mining is to create a permanent decentralized exchange, which thus results in a permissionless system.

And even better than Bitcoin will be the coin where those newly mined coins are mined by the millions and billions of users, not by few 100s of professional miners (which is where Bitcoin is rapidly centralizing to). The only way to achieve this is to make mining unprofitable. I've explained this design, yet so many people remain skeptical. I'll finish the 'plaining in a white paper after it is too late to copy the design.

Absent an automatic means in the economy where money naturally moves from the power law distribution wealthy back to the masses, then Socialism erects to do the job, which is then captured by the same power law which ends up in periodic 600 year Dark Ages.

It is time for something better. Even better than Bitcoin. At least we have a somewhat decentralized Bitcoin in the meantime.

I have work to do.

[r0ach]

The purpose of mining is to create a permanent decentralized exchange, which thus results in a permissionless system.

The only way to achieve this is to make mining unprofitable.

You should probably clarify your statement with some kind of exception because you've said you don't think IOTA is a functional system, but that quote in the context of this thread gives the appearance that you endorse it when you obviously don't.

[LiQio]

[...]  The only real metric one can apply is if it fulfills any sort of Nash equilirbium in both economics and technical merit, since they are both intertwined, [...]

Could you stop "raping" the term "Nash equilibrium"?
Thanks.

[TPTB_need_war]

The purpose of mining is to create a permanent decentralized exchange, which thus results in a permissionless system.

The only way to achieve this is to make mining unprofitable.

You should probably clarify your statement with some kind of exception because you've said you don't think IOTA is a functional system, but that quote in the context of this thread gives the appearance that you endorse it when you obviously don't.

Well I didn't mean to remove the tail reward, i.e. retain ongoing issuance of coins in exchange for mining even though mining is unprofitable. Btw, Bitcoin has no tail reward but that isn't a problem for another 10 years or so.

[r0ach]

[...]  The only real metric one can apply is if it fulfills any sort of Nash equilirbium in both economics and technical merit, since they are both intertwined, [...]

Could you stop "raping" the term "Nash equilibrium"?
Thanks.

Well, stop making coins and removing the elements that give them any value whatsoever.

[LiQio]

[...]  The only real metric one can apply is if it fulfills any sort of Nash equilirbium in both economics and technical merit, since they are both intertwined, [...]

Could you stop "raping" the term "Nash equilibrium"?
Thanks.

Well, stop making coins and removing the elements that give them any value whatsoever.

That's easy, I never even started. Now, be true to your word.

[r0ach]

[...]  The only real metric one can apply is if it fulfills any sort of Nash equilirbium in both economics and technical merit, since they are both intertwined, [...]

Could you stop "raping" the term "Nash equilibrium"?
Thanks.

Well, stop making coins and removing the elements that give them any value whatsoever.

That's easy, I never even started. Now, be true to your word.

My word is that I will not buy this coin.  

I did find it amusing that Come from Beyond is attempting to position the launch right after Bitcoin halving with his "not until 1 million transactions" (which is an arbitrary thing he's just going to spam down with a script when he thinks it's most profitable) in order to try and attract the maximum number of greater fools post Bitcoin halving bubble.  You have to give credit where credit is due.  Those Eastern Euros are used to not having things, so when they see a glimmer of hope in clawing their way out of the gutter, they really know how to attempt to make the stars align in their favor.  

I don't even dislike the guy.  He speaks in riddles like a freaking fortune cookie.  What's not to love?  It's just bad for people who operate in crypto to have a constant stream of hyped up greater fool coins with no fundamentals everywhere destroying the market.  If we don't self-police, everyone who holds any type of coins will eventually go broke from all the bad actors except the most prolific of scammers who cash out $1 million of Ethereum and ride off into the sunset not caring what happens to Bitcoin ever again.

[Come-from-Beyond]

You will eat your words...

So you decided not to follow my advice and prefer to die in ignorance? Sad, but what could I do. Happy trading!

[Come-from-Beyond]

Could you stop "raping" the term "Nash equilibrium"?

Haha, that term became his favorite one, like "holistically" for TPTB.

[r0ach]

Could you stop "raping" the term "Nash equilibrium"?

Haha, that term became his favorite one, like "holistically" for TPTB.

My new favorite word will be - anonymous dev issuing illegal security from 3rd world country and using some random guy he found in Norway as the fall guy.

[achimsmile]

anonymous dev

hahaha good one. No need to search for facts when you can make them up yourself.

[r0ach]

anonymous dev

hahaha good one. No need to search for facts when you can make them up yourself.

I don't keep up with the "Come from Beyond blog".  He was anonymous the last time I looked in the NXT IPO scam days.

NXT was kind of the prime mover of the cambrian explosion of IPO scams. - this will likely be the etching on Come from Beyond's tombstone someday.

[Come-from-Beyond]

My new favorite word will be - anonymous dev issuing illegal security from 3rd world country and using some random guy he found in Norway as the fall guy.

[r0ach]

[r0ach]

Which one of you dirty eastern Euros knows who has been putting up these enormous walls on the sell side of BTCE recently?  Seeing 500+ BTC walls on sell side of that exchange is kind of unheard of.  First time I saw them, all I could think of was "there's Vitalik/Come from Beyond dumping their IPOs..."  The walls don't care if you buy into them, but they've also been strategically placed to try and prevent a BTC rise as well.  I'm not sure if the Russian altcoiners want to stop a BTC rise for some reason, or if there's actual central bankers playing the market.

[LiQio]

Which one of you dirty eastern Euros knows who has been putting up these enormous walls on the sell side of BTCE recently?  Seeing 500+ BTC walls on sell side of that exchange is kind of unheard of.  First time I saw them, all I could think of was "there's Vitalik/Come from Beyond dumping their IPOs..."  The walls don't care if you buy into them, but they've also been strategically placed to try and prevent a BTC rise as well.  I'm not sure if the Russian altcoiners want to stop a BTC rise for some reason, or if there's actual central bankers playing the market.

[r0ach]

Add another refutation concerning the validity of IOTA to the thread:

<bsm117532> r0ach: I wouldn't worry about permissioning, Iota doesn't have any kind of consensus or UTXO set...it's entirely unworkable.

http://bob.mcelrath.org/

[Come-from-Beyond]

Add another refutation concerning the validity of IOTA to the thread:

<bsm117532> r0ach: I wouldn't worry about permissioning, Iota doesn't have any kind of consensus or UTXO set...it's entirely unworkable.

http://bob.mcelrath.org/

https://bitcointalk.org/index.php?topic=1468465.msg14817465#msg14817465:

You can repeat this lie as much as you like, but my reputation is solid

So you want to continue discussing the details of our 100 BTC bet? What was your claim, again? If my English is not good enough then let's take your words as the basis.

Bob could put his money into your claim if they both align. Tell him that, please.

[r0ach]

Add another refutation concerning the validity of IOTA to the thread:

<bsm117532> r0ach: I wouldn't worry about permissioning, Iota doesn't have any kind of consensus or UTXO set...it's entirely unworkable.

http://bob.mcelrath.org/

https://bitcointalk.org/index.php?topic=1468465.msg14817465#msg14817465:

You can repeat this lie as much as you like, but my reputation is solid

So you want to continue discussing the details of our 100 BTC bet? What was your claim, again? If my English is not good enough then let's take your words as the basis.

Bob could put his money into your claim if they both align. Tell him that, please.

Since you require checkpoints to even launch the coin at all, wouldn't we win any type of bet by default?

[Come-from-Beyond]

Since you require checkpoints to even launch the coin at all, wouldn't we win any type of bet by default?

Ask yourself, if 100% Bitcoin clone was launched today, would it require checkpoints? Would this mean that Bitcoin can't achieve consensus?

PS: No need to post answers. The others know them already.