The Truth About r0ach's Altcoin Agenda

[Laniakea]

Just read this very insightful post. Thank you, bl234st for making r0ach as transparent as a glass house.

Bitshares perhaps  
in case you didn't notice people here has their own trolling ways to influence the public or perhaps investors. r0ach knew he can somehow influence people as users are passionate enough with BTC.

Lol, please don't tell me r0ach is a Bitshares supporter. If true this cracks me up.

He was pushing BTS like crazy on Polo, and here in September. He became disillusioned with it when it got dumped into oblivion. He will tell you otherwise, but those are the facts! He then returned to his BTC shilling. r0ach is a smart guy, but a weak trader, because as shorts (Polo troll) said to him once... he doesn't understand the game. If he did, he would of made a ton of money with ETH, instead of investing in a Ponzi like BTS. This is why I have lost respect for him.

Take his precious BTC for example. Chinese control the hashing with their mining monopoly. The Devs control the code, with their monopoly. Fuck the network, payment processors, and users... only the first two really matter. What a sham! Because it has fair distribution, because of POW? Total hypocrisy. He can techno-babble with the best of them, but if it looks and smells like a rat, or r0ach, then it usually is one. POS is crap, and I agree with him that ETH is headed for a world of hurt in the near future. (See AnonyMints take on Casper). But to say BTC is the answer is mushroom farming.

I was right about ETH, when most of you turds were making fun of people who invested in it. Big reason why I have little to no respect for any of you. Unlike him, I will leave my shilling at the door. Give you a clue. r0ach trashed this project also. I saw his comments, and laughed at his lack of knowledge on it. This told me right then and there, that this guy was exposing himself as a liar, or just not as bright as he thinks. Either way, I lost respect for him.

My only agenda r0ach is to tell n00bs not to trust you. You are right about the wash trades btw. So what? Anyone with half of brain knew this. How about creating something, oh that's right... you don't have the skills. So why are we listening to you?

[1714717137]

1714717137

[r0ach]

POS is crap, and I agree with him that ETH is headed for a world of hurt in the near future.

Well, it seems the above poster agrees with me about Eth, but then goes onto a made up conspiracy afterwards.  I don't have an agenda besides being able to use cryptocurrency as a store of value instead of banks, meaning I only care about things that have actual fundamentals instead of mindless pump and dumps for eternity.  My only interest in Bitshares was in the past when I realized Satoshi didn't solve Byzantine generals and I thought some type of workaround would be required to make cryptocurrency function in lieu of that as I discussed in this thread I made titled "Satoshi didn't solve the Byzantine generals problem":

https://bitcointalk.org/index.php?topic=1183043

Bitshares had a built-in process for auditing block validators to deal with this deficiency, so it seemed like something that might have promise.  I did not have as much of a comprehensive understanding of cryptocurrency as I do now and made a mistake in thinking proof of stake might have promise, as tons of people do all the way from Gavin Andresen to Vitalik to shady Russians like Come from Beyond.  Even Anonymint has attempted to tinker with DPoS to make it work.

As for now, I know that nobody has really done anything to actually address the Byzantine generals problem, which Anonymint and I agree is likely unsolvable in cryptocurrency (probably Fuserleer too in relation to CAP theorem), and this is my current standing to relevant cryptocurrency methods:

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 since the purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.

p.s - the quote from "bl234st" in your original thread is likely the lunatic known as "nogano", a child that sells marijuana seeds on the internet that I have the constant misfortune of running into.

[bl234st]

You can trust Shelby, because he hates everything. No to mention, he can back it up. r0ach hates everything, but BTC. And as we all know, BTC is flawed. Just like r0ach campaign against anything that competes with his interests. r0ach hates things that are unfair. A US congressman said last week, that Washington was just one big Casino. And r0ach is upset with Polo? Have you seen the price of real estate in Vancouver? People in Greece were't conned? Japan debt to GDP is manageable? China is a bastion of Economic stability? 28 pages of the 911 report are being withheld from the victims families? blah, blah, blah...

I saw r0ach at the casino the other day. He walked in and yelled... "the house always wins!" Everybody turned around and the band played on.


"which Anonymint and I agree"...

Are you serious? Unlike you, AM can quantify his posts with facts, because of his creativity and knowledge. You on the other hand can not. So please stop. You are a poor mans Charles Hoskins at best. A guy who repeats what smarter people come up with. Like I said... the joke is always on you.  

[BitcoinNational]

"the house always wins!"

well the hope of crypto is... decentralization ... so let's take away the house (or at least make it a super slim margins enterprise).

[kiklo]

POS is crap, and I agree with him that ETH is headed for a world of hurt in the near future.

But yet ETH , the Coin you respect will be dropping PoW in favor of PoS.
Maybe they know something you don't know.  
1. They don't want the Chinese Miners to own them like BTC.
2. Cost to maintain their network will be sustainable without PoW.
3. They have realized PoS is just as if not more secure than PoW if designed correctly.

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 since the purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.

r0ach is a pure BTC / China Shrill , no news there.

He quotes continously permissioned system, Entropy / Closed System , like a broken record.

ALL Systems are Permissioned PoW or PoS, so that one fails.
Try to enter BTC mining with out buying your way in with Fiat, PERMISSION Required.

His other go to statement is Entropy / Closed System ,
Technically the entire Multiverse is a Closed System, so this is Pure NonSense.

PoS is protected the same way as PoW ,
The Longest Chain with the Highest Difficulty is the winner, no difference there.
Plus some PoS use rolling or random Checkpoints, which guarantee the previous history will not be overwritten.
PoW does not have that guarantee.  

Proof of Stake is the only way to make money in the long run , buying Sterile BTC or Tokens that can not make more of themselves is Pure Speculation.

Example: It is like a farmer buying a herd of cattle that are sterile. He only makes money if the market is higher when he has to sell, if the market is down when he has to sell , he just wasted his Time & Money, where if he buys a herd of cattle that can produce Offspring, he is able to keep his original amount of cattle and sell off any excess , therefore giving him a
Lifetime of Revenue verses a One-time Completely Speculative Time Sensitive Investment

The above quote sums it up, do you want to earn a living , mimicking a virtual agriculture economy with PoS,
or do you want to continue being a Slave to PoW Miners/Government that control the Coins/Fiat completely thru their ASICS/Gov regulations.
Simple Choice.
PoS  = Freedom
PoW = Continued Slavery

[r0ach]

buying Sterile BTC or Tokens that can not make more of themselves is Pure Speculation.

Example: It is like a farmer buying a herd of cattle that are sterile.

[Minecache]

This thread should be pinned as a warning to all r0ach tried to infect.

[prettybuds]

This thread should be pinned as a warning to all r0ach tried to infect.

I guess we all know that cockroach dude needs mental help indeed. He's very alone.

[tokeweed]

"the house always wins!"

well the hope of crypto is... decentralization ... so let's take away the house (or at least make it a super slim margins enterprise).

"math always wins!"

[kiklo]

buying Sterile BTC or Tokens that can not make more of themselves is Pure Speculation.

Example: It is like a farmer buying a herd of cattle that are sterile.

Is it too complicated for your little r0ach brain to comprehend?


FYI:
PoW Lost The War with PoS  



 

FYI2:
Now that he is using Proof of Stake , look how much Happier he is.

[r0ach]

buying Sterile BTC or Tokens that can not make more of themselves is Pure Speculation.

Example: It is like a farmer buying a herd of cattle that are sterile.

Is it too complicated for your little r0ach brain to comprehend?

The original Bitcoin founders said that your interpretation was "proof of steaks".

[kiklo]

The original Bitcoin founders said that your interpretation was "proof of steaks".

LOL ,   

Now that is a Good One, Pass the Ketchup. 

 

[Spoetnik]

Somehow guys that talk about wanting "decentralization"
..end up saying we need an ANON coin.  
The latter is just stupid because you will face the wrath of planet earth.
Sorry but smooth and his merry band of French men dev's are not going to
out secure the coin from the world.
Imagine YOU vs every hacker on planet earth backed by governments.
People like the NSA who can hire any cracker for any amount of money
vs smooth or what ever coding.. who will win that war ?
Duh ..that's who.
But you can't tell them this ..they are cocky and then cry "FUD"
They are morons.

And why the fuck is there sooooo many French accounts here swirling around Monero ?
I have noticed a LOT of the guys are all from France and the odd's of that are strange !
Puppets galore ?

Apparently people here are oblivious to the CONTEXT of things.
Even if the ever changing reputation of crypto could be turned around
you then have regulatory / law issues to over come. (for adoption)
There is a bloody damn good reason why Crypto has gradually been sinking and / or stagnating.

When i read roach's first reply here i thought ok well he seems smarter than me (at how coins work)
But the thing i thought was know what guys ? ..context !
This includes the outsiders view..
The general public in other words and ALL those smart people out there who have been looking
at Bitcoin + various Altcoins since 2009 and THEN they too coming to the same conclusions as outlined here.

What i offer is perspective more so than a mathematical solution to things.
Like as a software cracker i have made a career out of getting stuff done ..one way or the other.
I never did have to be the smartest.. i had to be the most creative with my angle / perspective.
It's a tantamount aspect of Crypto chronically overlooked & ignored..

i side with many of roach's comments and others.. it's not personal with people here either.
We are sharing our "perspective" on things..
And i too have a big problem with the pump & dump cycle bullshit.
And i say so because it's self-destructive on a far larger scale than most people realize.
It's effectively like a snake eating it's tail.. we have the majority of users tilt the scale of morality
and that gives them the steering wheel to the ship.
They then steer it head long into profit territory hitting ice berg after ice berg.
I see it all as no different than pushing the controls of a jumbo jet into the dirt.

Sadly even if i could convince the dregs of crypto ..the profiteer investards to fly right and do the right thing
it still would not matter ..because at the first sign of recovery that brought in the general public
the scammy dev dregs would go right back to ramping up the scam / cloning bullshit.

What is the barrier to crypto ? Tech implementation, LAW / Regulations
and the biggest one of all is the users involved with Crypto *already*
then of course the general public we all want to adopt and USE a currency as a "Currency"

I think we have the crypto guys keeping the public out... the majority are making sure they don't get involved.
You all think the general public honest legit people interested in USING a digital currency
want to jump in and get involved with a giant scam scene that is nothing but a massive P&D pyramid scheme ?
One day the public is coming ? I hear that year after year after year  
And every year the majority here stains and give Bitcoin & Crypto a larger black eye and worse reputation.
Making it more & more unlikely the public is coming and more likely tough govt regulations will come.

The snake is eating its tail.. for chump change ..peanuts really (compared to real potential profits)
The snake can not be stopped either !
The snake is the majority and they control Crypto.. so this shit is fucked and doomed.
I see no escape and no light at the end of the tunnel.. no way to fix this sinking ship.
The more i have been watching crypto the more parallels i have seen in human history.
We do what we do..
No matter what if we are given the opportunity to fuck something up for short term gain we do it.
Crypto is no different.
Can we stop humanity from being bad  / dumb / self-destructive ? NOPE.
So crypto is NO DIFFERENT !

This all relates to the context and perspective of things.. the context of the situation (the over view)
This can not realistically be ignored ..if you do it will simply bite you in the ass.

Know what guys ?
I think the general public out there that has little or no interest in this stuff are actually far smarter than us Cryptro nerds.
The have checked out crypto and have made their participation level here apparent / nonexistent.
..because they are smart and KNOW you would have better odd's at a casino than playing P&D scam for peanuts and at least the casino would be regulated unlike IPO scam coins on scammy shady centralized exchanges.

The public out there is smarter than crypto nerds and laughs at us and says uhh no thanks  

[alyssa85]

Don't be mean to @r0ach. So what if he lost money with bitshares. Plenty of people have lost money in this space, including those who bought BTC at $1000. And others (like me) have lost money because various exchanges have collapsed (mtgox, mintpal, cryptsy).

There is barely a person in this space who hasn't lost a little money because it is the wild west out there - even if you are great at trading and time everything well, there is an exchange scammer waiting to nick your profits.

So don't bring up his past losses - that's plain unkind.

[r0ach]

I haven't lost money on any alts.  As you can see, I don't have a paid sig ad because I'm not some guy from the streets of Calcutta, desperate to make $3 on a scamcoin.

[coinyard]

Don't be mean to @r0ach. So what if he lost money with bitshares. Plenty of people have lost money in this space, including those who bought BTC at $1000. And others (like me) have lost money because various exchanges have collapsed (mtgox, mintpal, cryptsy).

There is barely a person in this space who hasn't lost a little money because it is the wild west out there - even if you are great at trading and time everything well, there is an exchange scammer waiting to nick your profits.

So don't bring up his past losses - that's plain unkind.

For the people who bought the bitcoin at $1000, they have a chance to get their money back in a few years.