Vitalik scamming live on camera

[r0ach]

Many comments from the peanut gallery but can anyone actually disprove what r0ach has mentioned about Proof of Stake etc...?

You seem to be new to this forum and don't know that r0ach is just a trader who understands nothing in tech he pumps and dumps, his memory is not good enough to parrot someone's words (trying to look smart, like in his quote in the OP) without distorting the text. If you asked him to explain that statement in his own words you would get a big portion of bullshit, nothing else can be expected from r0ach.

In case anyone didn't know who Come from Beyond is, he's a serial IPO scammer from Russia.  He started the Cambrian explosion of IPO scams with NXT, which then led to all these IPO scamcoins you see now.  They just copied what he did.  The Eastern Euros were desperate for money and realized it's not actually profitable for a developer releasing a decentralized coin because the creator has no control over the block reward.  

The scammy Eastern Euros with a relatively high amount of STEM education, and low amounts of net worth or morality, decided to start a campaign trying to convince people centralized systems in which they control the entire monetary supply are...the same thing as Bitcion, but even better!  No.  They're releasing completely centralized coins, for profit, solely in an attempt to enrich themselves at your loss in a pump and dump.  None of this crap they're releasing qualifies as a decentralized currency.

Now that the Eastern Euro criminals have been exposed, they load up every thread with sockpuppet shill accounts saying, "Don't listen to r0ach, he's a an axe murder, or rapist, or day trader!".

It's not just me, other's have figured it out too:

He had enough from these NXT scammers. It's really hurt crypto what the NXT scammers do by rolling out one ICO after another: NXT, Supernet, JINN, IOTA, WAVES (even the LISK scam was "advised" by the NXT scammers). They are cancer in crypto.

[Come-from-Beyond]

It's not just me, other's have figured it out too:

He had enough from these NXT scammers. It's really hurt crypto what the NXT scammers do by rolling out one ICO after another: NXT, Supernet, JINN, IOTA, WAVES (even the LISK scam was "advised" by the NXT scammers). They are cancer in crypto.

Quoting a guy who like you spreads bullshit to buy cheap coins and sell after a pump doesn't add credibility to your post. But I like your integrity, keep doing what you do and Oxford Dictionary will add "r0ach" as a synonym to "bullshit". This is a good way to become famous.

[r0ach]

Nobody is "buying" your coins.  I'm not touching them.  I could care less how low they go.

[lordoliver]

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's 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.  The act of introducing interest compounds this problem even more.  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.

Ok. Let me explain, why this is wrong with this example:

POS
One has bought 1% of the coins and getting therefore 1% of new coins and transaction fees. His stake is growing in percentage to other (smaller) accounts, if he doesn't spend any coins.

You say he is getting richer all the time and POW is different?

POW
One has bought 1% of hashing power and getting 1% of new coins + the transaction fees.
If the miner uses the whole money to buy hashing power. Guess how much much his % grows compared to the other ones? Its about the same amount as it does with POS.

The problem is NOT POS or POW. The problem is, that the richer are always getting more than others. It was like that thousand years ago and it will be like that also thousand years in the future, if we stick to money as THE central life instrument. The only way to solve that, is to remove the possibility of storing value at all or understand that its not needed.

[bl234st]

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's 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.  The act of introducing interest compounds this problem even more.  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.

Ok. Let me explain, why this is wrong with this example:

POS
One has bought 1% of the coins and getting therefore 1% of new coins and transaction fees. His stake is growing in percentage to other (smaller) accounts, if he doesn't spend any coins.

You say he is getting richer all the time and POW is different?

POW
One has bought 1% of hashing power and getting 1% of new coins + the transaction fees.
If the miner uses the whole money to buy hashing power. Guess how much much his % grows compared to the other ones? Its about the same amount as it does with POS.

The problem is NOT POS or POW. The problem is, that the richer are always getting more than others. It was like that thousand years ago and it will be like that also thousand years in the future, if we stick to money as THE central life instrument. The only way to solve that, is to remove the possibility of storing value at all or understand that its not needed.

r0ach will reply to this soon. He just needs to find a link.

[ProfessionalGoogler]

Everyone but r0ach is a scammer according to r0ach.

Maybe r0ach thinks he himself as a scammer.

Does r0ach scam himself?

[r0ach]

One has bought 1% of the coins and getting therefore 1% of new coins and transaction fees. His stake is growing in percentage to other (smaller) accounts, if he doesn't spend any coins.

You say he is getting richer all the time and POW is different?

If you read what I typed, the idea of compound interest in "stake" systems was only a secondary problem that was in addition to the main point.

[lordoliver]

One has bought 1% of the coins and getting therefore 1% of new coins and transaction fees. His stake is growing in percentage to other (smaller) accounts, if he doesn't spend any coins.

You say he is getting richer all the time and POW is different?

If you read what I typed, the idea of compound interest in "stake" systems was only a secondary problem that was in addition to the main point.

I still see no difference in monopolization with stake size or hash rate. Both will make the richer get richer by itself.
Only if you burn the transaction fees (and maybe without interest/mining reward) it may not be the case.
But this kind of system would not attract enough people to success...

[mining1]

@r0ach, are you trying to buy more cheap eth before the whole world of bitcoin implodes ? What are the chances of bitcoin going over ~800$, 10% ? Even if it surpasses 1k $ with alot of chinese farmer pumps ( they ll try hard to increase btc price especially after the halving since 90% of the hashrate will be controlled by them) but it simply wont hold, and the price will go back to < 600$ which will make it unprofitable to mine for half miners out there, and it will have a slow and painful death, since people will think its just temporary and it will recover.

[DrkLvr_]

Lots of shit-posting about the OP but he's actually right.

Vitalik is a borderline scammer with this Bullshit.

ETH is Maid 2.0

[Docnaster]

so ETH will change from POW to POS ? maybe comeback to POW again ? 

I hope it will not change to PoW too soon. If the PoW last 10 years, it will hold the value of the Etheruem better.

[bbc.reporter]

It looks like he's just making shit up to try and save this $1 billion dollar fugazi now.  Why he's wrong:

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's 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.  The act of introducing interest compounds this problem even more.  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.

I am curious why you have POS in your quote. Is it not Ethereum runs under Proof of Work? I think this is the better way to go even if it's wasteful.

[NUFCrichard]

they plan to change from PoW to PoS, that is why people say that it is a bad idea/scam.

I prefer the efficiency of PoS, but don't understand the technical side of it, so couldn't say if it is flawed or not.

[Spoetnik]

Everyone but r0ach is a scammer according to r0ach.

Maybe r0ach thinks he himself as a scammer.

Does r0ach scam himself?

No just you..

You are the one who went and asked for 15k on a loan with no collateral.
Which is how you got your NEG rating here..

And i have a suspicion who you are too.
I been waiting for you to trip up & you will eventually.

Your dummy shill account here will be exposed at some point.

So it's funny you think you have room to talk here busted scammer scam coin Shill ROFL

PS:
ETHEREUM is an ICO scam.

[MyownBoss]

Riveting...

[Spoetnik]

Riveting...

i looked at your post history and after seeing your 3 rd comment..
I would guarantee 10000000000000000000 % you are ProfesionalGoogler

No joke i would bet anything conceivable you are one & the same.

..yet ANOTHER dummy / troll account from the scammer / shill. 

How many do you have here ProGoogler ?

[Piston Honda]

lol love reading these threads going to shit!

[Spoetnik]

Pro Googler has not been back since i outed him and his dummy account.

I am pretty damn sure he has a LOT of them too.

I just can't believe the level of brat stupidity that these guys pull.
They think they can hop from account to account attacking other peoples credibility.
..while hopping from account to account LOLOLOLOL  

Like really ? after all this time you guy still think that crap works ?
You REALLY think people buy your crap and don't see through you ?
That tired old cliche'd ploy here is as dumb as ever.

Who do you guys think your fooling ?

My advice ?
Grow a pair instead of being spineless little chicken cowards..
Pick an account and stick with it and own up to your crap.
Enough with the hiding and throwing stones from the shadows like wimpy little pussy bitch.
..and check if you live a Glass-House too first

EDIT:
Why did you all invest in ETH while back ?
You all were impressed by how many NOOB accounts were created to spam and advertise ETH here.
You all thought damn they must be pullin' one hell of a HUGE P&D ..i gotta get in on this !

The big sign to buy Ethereum was a the flood of dummy accounts created ?

Is that not sad as fuck ?

[Jacques21]

I never bought into all the eth hype on here, never bought a single eth. But i do mine eth as it is profitable and it paid for my S9 miners. Whether its price goes to shit or not wouldnt really effect me much going forward from here.

[Ains_sama]

i think the ethereum price will be fail after POS started