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somacoin (OP)
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May 20, 2016, 11:35:46 AM
Last edit: May 20, 2016, 02:19:50 PM by SOMAcoin |
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 LISK is a major major scam. Remember it's by the Cryptsy crooks and a failed cold fusion web developer. Stay out folks.
Lisk, IOTA, Ethereum, and Waves are all permissioned ledger IPO cash grab scams. Blame Come from Beyond and his cronies for starting the Cambrian explosion of IPO scams with NXT. Now we are beginning to reach the point of peak IPO scam and they will cause the altcoin market to implode. Given that everything is a scam, it's trying to suck the blood out of the altcoin discussions by posting these parasitic byproducts. r0ach please tell us why you're heavily pushing China-centralized Bitcoin and are vehemently against cryptoplatform innovation. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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somacoin (OP)
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May 20, 2016, 11:47:26 AM |
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No one likes critics on this forum.
I like critics, I'm a critic myself. I don't like parasites. They suck, that's all they do. They don't produce anything other than themselves. |
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thejaytiesto
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May 20, 2016, 12:46:10 PM |
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"China centralized Bitcoin" Lol please stop repeating that mantra, your FUD is not going to work: https://www.youtube.com/watch?v=GGwHIHBsjbUIf big amounts of people gave a fuck about a certain altcoin, the mining power would start concentrating around china too because simply they are in the best position to do mining business due low cost electricity. It's easy to talk about alts not having certain problems when they are small. Also as you see in the video, this "china centralized Bitcoin" will not be a problem in the future. |
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somacoin (OP)
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May 20, 2016, 12:51:35 PM |
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"China centralized Bitcoin"
Lol please stop repeating these facts, your FUD is not going to work:
70% of the mining is in fact controlled by China If you want to learn more and educate yourself, don't hesitate to read 18 pages of discussions on the matter: https://bitcointalk.org/index.php?topic=1465136.0 |
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finitemaz
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May 20, 2016, 01:45:56 PM |
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LISK is a major major scam. Remember it's by the Cryptsy crooks and a failed cold fusion web developer. Stay out folks.
Lisk, IOTA, Ethereum, and Waves are all permissioned ledger IPO cash grab scams. Blame Come from Beyond and his cronies for starting the Cambrian explosion of IPO scams with NXT. Now we are beginning to reach the point of peak IPO scam and they will cause the altcoin market to implode. Given that everything is a scam, she's trying to suck the blood out of the altcoin discussions by posting these parasitic byproducts. r0ach please tell us why you're heavily pushing China-centralized Bitcoin and are vehemently against cryptoplatform innovation. Not all alt coins are a scam, and I don't think he says that anywhere. But yes, the ones described, I agree they are scams. Good luck to you all, and may got have mercy on your poor souls. |
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spartak_t
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@FAILCommunity
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May 20, 2016, 01:55:43 PM |
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Don't you guys have something better to do, other than posting countless threads, which leads to nothing, but wasting other people's time?  |
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r0ach
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May 20, 2016, 02:02:13 PM
Last edit: May 20, 2016, 02:17:17 PM by r0ach |
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Here you go, Eth shills. Besides the other issues that pertain only to Eth: Why proof of stake has no value:
Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary. So why are two confirmations more useful in Bitcoin (PoW) than one? Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there is no upper limit to confirmations.
Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails. This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.
On top of being worthless, proof of stake is also a permissioned ledger. The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.
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somacoin (OP)
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May 20, 2016, 02:08:15 PM |
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Here you go, Eth shills.
I don't hold any Eth, I've never held any Eth and I've never shilled Ethereum. Relatively stupid not having acquired and held it though, has made a good rise for sure. Let me repeat the question too r0ach please tell us why you're heavily pushing China-centralized Bitcoin and are vehemently against cryptoplatform innovation.
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r0ach
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May 20, 2016, 02:20:19 PM |
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I've already addressed the bullshit "china syndrome" posts before: The marginal cost over time of Bitcoin shows an ever increasing percent being energy costs. This means sha256d will likely be commoditized. There is no Chinese monopoly after that happens. Of course, China being the top producers of Bitcoin isn't even a Bitcoin problem in the first place. It's a symptom of China controlling manufacturing for everything on earth as corporations use their slaves for global labor arbitrage.
This problem will also cease to exist either through tariffs or war. US has already placed huge tariffs on China steel. Next, every country will place huge tariffs on everything else coming out of China.
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somacoin (OP)
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May 20, 2016, 02:21:20 PM |
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I've already addressed the bullshit "china syndrome" posts before: The marginal cost over time of Bitcoin shows an ever increasing percent being energy costs. This means sha256d will likely be commoditized. There is no Chinese monopoly after that happens. Of course, China being the top producers of Bitcoin isn't even a Bitcoin problem in the first place. It's a symptom of China controlling manufacturing for everything on earth as corporations use their slaves for global labor arbitrage.
This problem will also cease to exist either through tariffs or war. US has already placed huge tariffs on China steel. Next, every country will place huge tariffs on everything else coming out of China.
This is not an answer to my question. When will you answer my question? |
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r0ach
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May 20, 2016, 02:23:40 PM |
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The only answer is tariffs or war, pick one.
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somacoin (OP)
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May 20, 2016, 02:27:25 PM |
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The only answer is tariffs or war, pick one.
Quoted |
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r0ach
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May 20, 2016, 02:36:40 PM |
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Globalization makes the overpopulation problem of one country turn into everyone's problem as they use global labor arbitrage to reduce your standard of living. If you want China to not be the marginal cost king and plummet your own standard of living, you would both need to use the same currency so they can't devalue to increase exports as a first step.
Then the next step is entirely ideological based. If you're a crazed anarchist, you would believe in free trade. If you're a nationalist that believes in some form of govt, you would likely issue tariffs to prevent the manufacturing base of your country from being gutted since the one thing every 3rd world nation has in common is no manufacturing base.
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