[FACTS] Crypto = Morality

[pineapples]

the real reason for PoW is network security.

the ability for anyone to write blocks needs to be securely managed in such a way that it is safe to assume the network is not under the sway of nefarious purposes.

PoS has definite improvements in the amount of energy required, but apparently needs central checkpointing.

other methods offering hash for external purposes (folding etc) can serve multiple purposes and seem very attractive, seemingly a more efficient way of managing the network.

assuming your network is both secure and efficient then you obviously need market adoption.

there seems to be a recent spate of big ICO's with "real business" getting involved << that is your correct target audience for adopting a "better way" of hashing.

if one of the current systems of more efficient hashing were to adopt some from of smart contract abilities or turing complete etc, then those businesses who are piggy backing off existing coins would have a seemingly more appealingly efficient option.

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[Spoetnik]

@pineapples

Informative and intelligent response and you are right but would the hashing still have taken off like it did had the reward not been received and traded possibly for FIAT later ?

..i think not.

You ARE right but that type of response is side stepping the whole picture.
And simply bringing to the forefront the parts you want highlighted.

That is all Crypto ever does.. make damn sure their best foot is forward at all times.

I have raised infinite monumental points that ALWAYS go ignored.
No one will touch them with a 10 foot pole.. they will cause a diversion ASAP.

Like guys, come on .. this shit is fucked the fuck up bad and getting worse.
And i was banned for suggesting the scene had died off in popularity after 2013's big rise
over on Poloniex's Troll-Box by a mod who did not even know who BitJohn was.
He proclaimed every single aspect of crypto was on the rise and his exchange was reaching record highs in all aspects and i was 100% wrong and was just Trolling posting FUD then banned me..

He is full of shit., i know i was here LOL
Back in Polo's old days the chat box roared like a room with a 1,000 people in it.
I distinctly recall seeing the fucking thing scroll by so fucking god damn fast that
when i typed something in it was usually missed even by the guys i knew i was talking to.
It was pure fucking anarachy with a massive flood of new users all screaming at once.

NOW ..or i should say a year back when i was last active on Poloniex it was dead.
You could go all day with barley getting any chat activity.
So how the flying fuck does that dipshit retard mod have the fucking gall to say such blatantly stupid ass bullshit to me ?

Simple.. he's grooming his victims (as they always do) ..spinning BS for the guys watching on the Troll-Box.

You all really do spin bullshit for bucks.
Problem is.. it's not working.
As i predicted long ago the result is a downward spiral.
And go ahead chant at me how you made 50 cents profit off the shitcoin IPO that launched an hour ago.
Sorry you switched terms.. i have to say ICO now  
Yeah ?
Look at any coin price from 2013 then look now.. what does that tell you ?

Oh Spoetnik.. no problem !
We can just make a new coin every day until we have 7,000 ANN topics then 8,000 then 10,000

PROBLEM SOLVED ..everyone get yur ROI'z shit is golden bruh !!111

And that -IS- what will happen too.
And you will be here with yet another new account defending it every step of the way until the very last fraction of a cent profit can be squeezed from what ever scammy facade is paraded around "Pumped"

Say what you want here guys but the public is capable of seeing what i see.
They see there is almost 1 million mother fucking accounts created on this forum yet when i looked at the stats page it shows 300 or 400 users logged in per day.

They will see all those points i bring up regularly you guys bend over backwards to ignore.

It's about adoption profiteers.. NOT GREED.
Why would the public adopt your shitcoin if they know damn well a crowd of worthless little investards are clutching their shitcoin bags hovering over the dump button ?

You are investors ?
NO you are not.. and these ICO's are not listed on Kickstarter or Fiver or Cryptostocks.com either.
Big difference between a supporter and a scam participant.
You can not call yourself an investor in a scene with no investor based laws like the NY Stock Exchange has.
Nor can you say you are an investor in a currency if it's not even used as one in the first place.

You also can't feed me your crypto-rebel teen angst millennial Free Market rabble
while trying to say running a lawless ICO is not centralized.. the antithesis of what you just finished chanting.
..decentralization
What the fuck is so decentralized about a guy sitting in his basement and mining all the coins then sending them to Poloniex so they can sell them after you show your picture ID and give it to the govt ?
Listed on Github which is also compliant with US law and snooping etc.

This has warped and morphed into a fucking ridiculous silly little Altcoin charade.
You all spout off moronic hypocrisy and then when caught simply hide and chant BUY DEM ICO FER TEH ROI"Z !!!
LOng Live teh GREEDZ !!!!

Guess who has something to say about that ?
I think Revenue Canada and the IRS among others might have a few choice words for you and your little greed rantology.

You all really do need to cut the fucking crap and get your shit together and fast.
Your opportunity is slipping by at the speed of light.
The more you build up a horrendous sickening little shithole of a scene ripe with vulgar greedy little human garbage the more the public will be turned off and disgusted by all this bullshit.
No matter how bad you chant your ROSE smells so good (planted in a sea of crypto-dregs shit)

I hope MS or FB or Google ape this shit hard and leave you all reeling in the aftermath.
It will teach you a lesson once and for all.
The way this works is you could show up here tomorrow and see a new proper coin came out that is sweeping the world and everyone is dumping their Monero or ETH as fast as they can to go "all in"
And you'd have no way to stop the loss.. i have sen it happen.

And guess what ?
Since the scene is greedy the first guys in line will be the exchanges who all of a sudden inexplicably have "Network Issues" and the insiders like Martha Stewart who did time for insider trading will be dumping.
And you can't cry foul because you were the ones defending it all in the first place  

What then ? What next ? Chant Free Market ? in between chanting CALL THE COPS ?

Somebody needs to remind you all how god damn fucking stupid you all are.
Seriously pull your dick holsters our of your ass and get your shit together or YOU WILL suffer the consequences.

[iamnotback]

I disagree of course.. plenty of people are willing to work their ass off for nothing.

Karl Marx and Stalin are proud of you. 54 million dead of famine in China (ditto in Ukraine) were proud of you. Bravo.

The key point i think is this bullshit is catering to the greedy on purpose.

Honey to flies.

Of all the people out there it's the fucking worthless little pieces of shit you are bending over backwards to attract to this crap.

Such as Ransomware makers who just fucking love Bitcoin  
Or the old school pro scammers from the financial world that thought hey we can manipulate block chains for profit.. pump then dump ring a bell ?

So what is new? Haven't you heard of the South Seas Bubble or snakeoil salesmen from the time before your great-grandparents were born.

Shelby i seen you posting a lot of Steem links before.... why ?
It's a rigged scammy scheme coin.. something any sensible person with a shred of integrity would not go near.

Because there are some aspects of Steem, which when done correctly are going to be the Bitcoin killer and bring crypto to the masses. However, Steem is flawed technologically, conceptually, and the distribution is a circle jerk.

Infinity i repeat.. profit is not bad.
Profit from a scam is !
Don't merge the two and defend it.

Let's outlaw free markets. Who shall we kill/jail first for violating this rule?

And by the way don't forget we are operating (in) a mostly lawless environment with this stuff.

The natural law doesn't exist. People don't reap what they sow. Protect people from their own ignorance, so they become more ignorant.

Socialist pigs.

People are right now getting away with shit that would get them jail time in the traditional stock markets.
Want to defend that ?

Stock markets where we are all raped by Goldman Sachs. Because they underwrite the IPOs, they decide who gets prosecuted and who gets bailed out, etc...

Fine..
Just makes sure you abolish all laws and regulations related to the financial world while you are it.

How about we make technology that renders those national jurisdiction laws impotent.

So why should we have no laws in crypto then cater to greedy dick heads willing to show up here to spend FIAT --> BTC --> on anything they can profit from ?

Why do you fucking care what others do with their own money?

Socialist pig. How about you keep your moralizing shit-covered brown nose out of others' private financial asshole.

[iamnotback]

Crypto isn't morality, but the radical free market structure in this new environment will eventually lead to moral behaviour through the laws of behavioural incentives.
There are huge incentives to capitalise on ignorance, however these actors won't be around for long. Because where ever there is an inefficiency, there is incentives to counter them. Investing blindly in scams with devs with no reputation or even completely nameless actors is being punished while investing in well  
vetted projects with realistic promises and a solid model are rewarded. So there is a behavioural shift occurring and there is a market of trust being built.
The scams will eventually diminish to a minimum and thats also when mass adoption is going to happen. Instead of capitalising on peoples ignorance by scamming them, people will do so by providing a reputational platform (for a fee of course). Like gateways for the masses.

I don't know how far away we are, but we are definitely moving in that direction.

J.V.

Very well stated. Yes this happening. And I have observed that recent ICOs did not do well such as Ark.io and komodoplatform.com. If I get healthy enough to complete my project, I expect we will see a big shift away from scams, copycoins, and hyped technobabble.

The Ark ICO only got 212 BTC. And the Komodo ICO claims 2639 BTC, but I believe perhaps they started it with 2000 - 2500 BTC from themselves, and only raised a few 100 BTC.

[pineapples]

i had another thought that the blockchain is a concept more than anything else.

the pure crypto currency blockchain has it's monumental peak in bitcoin, it doesnt do anything particularly useful other than store the historical ledger of BTC.
sure people are tacking things on, but those things are not important to BTC

the concept of the blockchain can obviously be extended to other uses,
a de-centralised, tamper proof historical record is very useful and that is the carrot that BTC offers, a mere proof of concept that the chain can be kept alive, and be kept safe etc.

[Spoetnik]

@Shelby

You are a colossal load of bullshit.

I have never mentioned outlawing anything in my life yet you keep putting words in my mouth basically.
Trying as many of you do to set me up for an argument based on points i was never making.

All of your shit is retarded.

I do not support Stalin or his murder of his own people.
That is retarded.

I also have to laugh when you spam this forum with Steem links while trying to push crazy political conspiracies on the forum here while posting "Circle jerk" Steem links in order to back up your point.. when a Wikipedia link would have sufficed.

There is no free market smart ass.
That may have been a plausible concept long ago but those days are gone..

- Paypal will seize your money and block your account.
- Ripple was fined by Fincen.
- The SEC put out an Investor fraud warning about Crypto Currencies.
- Coinbase ratted out users to the US govt as well as Cryptsy.
- Users in Florida were busted for selling BTC in a parking lot via LocalBitcoins.
- You will get heavy jail time in Canada for not claiming your crypto-earnings with Revenue Canada.

..uhh where is this "Free Market" again ?

And the coin you said you would make countless times would be what now ?
It would still no matter how bad you want to justify it still be what ever coin number we are currently on +1

..the oh but mine is legit routine  

You also have bent over backwards railing against ICO's.
Only to have carefully worded every one of your comments to leave the door open to launch your very own  

This guy is fucked in the head..
He thinks Bitcoin was created by a shadowy NWO type US govt satellite group of sorts to further the NWO agenda or some wacky ass shit.

He also has to use that noob account because he claims staff here banned him for "posting Ethereum FUD"

He also said he was leaving in a huff some months back starting a grandiose "I'm Leaving" topic fueled with drama galore where he went on tour saying his goodbye's to everybody.
Only to create multiple accounts and sneak back in here ignoring his farewell bullshit.
Which.. illustrates the guy is a fucking wackjob.  
..that is not worth my time trying to debate with. (he can go double up on his med's and maybe then)

If you dumb fucking scammy cunts want to chant free market then i congratulate the DAO hacker and say to Mark from Gox..
Good job and do it again.
After all there is no law saying you can not run an exchange then close it stealing all the money.
Paul from Cryptsy ? hey no problem congrats on your windfall bud.. start a new one in China and do it again  

Sorry idiots you don't get to just pretend all the sleazy bullshit does not exist and then defend the ohhhhh so fucking legit 6,000 projects dripping and oozing with Leet innovationz.

You don't get to sit there like morons and pretend there is no regulations already enforced.
Free market ?
How many different exchanges collect your ID and why do they do it ?

Yes investards you are THAT stupid.

Stupid enough to launch a currency that requires buying some other crypto currency in order to buy the new currency to get it adopted.
The type of dumb fuck intelligence that would have one guy say Bitcoin will be replaced by Ethereum.. but first..
BUY SOME BITCOIN.. so you can go BUY some Ethereum.. hahhahahah KIDIOTS ROFL  

And i am the only one who ever brought that up because i am smarter than all of you combined.
I am doing you poor sad ass self destructive little morons a favor by tipping you off on how bloody stupid you are being.
You should say thank you Spoetnik.. we are forever in debt for your precious advice.

Open a fucking window and Spray on some axe body spray ..the teen spirit in here is getting rank.
Go fund your self snot nose brat profiteers.. and GO REDSKINS !
Or.. Never mind (ignore the warnings at your own peril)

Shit SHIT son... IN0VATIONS .. SICK SON !!111 ........git yur ROI on bro !!!1111ONE

[rokkyroad]

Crypto isn't morality, but the radical free market structure in this new environment will eventually lead to moral behaviour through the laws of behavioural incentives.
There are huge incentives to capitalise on ignorance, however these actors won't be around for long. Because where ever there is an inefficiency, there is incentives to counter them. Investing blindly in scams with devs with no reputation or even completely nameless actors is being punished while investing in well  
vetted projects with realistic promises and a solid model are rewarded. So there is a behavioural shift occurring and there is a market of trust being built.
The scams will eventually diminish to a minimum and thats also when mass adoption is going to happen. Instead of capitalising on peoples ignorance by scamming them, people will do so by providing a reputational platform (for a fee of course). Like gateways for the masses.

I don't know how far away we are, but we are definitely moving in that direction.

J.V.

Very well stated. Yes this happening. And I have observed that recent ICOs did not do well such as Ark.io and komodoplatform.com. If I get healthy enough to complete my project, I expect we will see a big shift away from scams, copycoins, and hyped technobabble.

The Ark ICO only got 212 BTC. And the Komodo ICO claims 2639 BTC, but I believe perhaps they started it with 2000 - 2500 BTC from themselves, and only raised a few 100 BTC.

Four years of watching altcoins come and go tells me we are not moving in the right direction. The scams and hoaxes have only gotten more complex and organized. You cannot tell the good guys from the bad guys so supporting a project is still a roll of the dice.

I wish you a speedy recovery iamnotback. Crypto will die without you.

[freebutcaged]

Dude you are killing yourself for years to prove a point while there is no point to prove in the first place.
Since when innovation needs a currency to sell if it's really an innovation?
This Games Of Coins that we have playing around here are limited to these forums only and has no reflection into the outside world(real world).
We don't need A coin B coin C coin D coin E coin F coin G coin etc, but only bitcoin plus a few altcoins which could be considered as bitcoin's expansion, others are just kids playing with digital and virtual world behind their $250 desktops. lewl