luckygenough56
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December 15, 2017, 06:53:08 PM |
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realr0ach
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#TheGoyimKnow
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December 15, 2017, 07:00:39 PM Last edit: December 15, 2017, 07:14:58 PM by realr0ach |
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let's buy iota then
IOTA is worthless. A DAG is completely counterintuitive to trying to create consensus on some type of variable or balance sheet. To use a DAG, you're required to create an artificial, forced consensus (and that's exactly what they're doing). It's like IOTA and Byteball were created while ignoring any of the issues that had to be researched while trying to create bitcoin (bitcoin - another system that does not work since it's designed to centralize, but at least succeeds in creating centralized consensus). In the case of Byteball, they just use an obfuscated form of bitshares DPOS, thus invalidating any reason to have a DAG at all since the DPOS system completely negates DAG due to the DPOS layer taking precedent in the hierarchy. Systems that have removed the so called "triple entry accounting" aka blockchain, are also way more prone to being instantly destroyed by black swans. But in the case of bitcoin, it's not even real triple entry accounting if it's designed to centralize, now is it? It's like claiming the act of Bank of America giving customers a weekly balance sheet print out is a triple entry accounting breakthrough. It doesn't matter if people have access to store read only digits for no reason, it only matters who controls the fucking digits! If the block validators (aka miners) are designed to centralize, they can insert chain anchor, censor or block transactions, increase or lower coin count, or mutate the protocol any way they want. A 51% attack is NOT a so called miner raising the coin cap above 21 million or double spending only, a 51% attack is any type of collusion to change the protocol in any way because one man's wanted change is always going to be another man's nightmare. If mining is just a power vacuum that is always exploited by centralized cartels, then you have no redundancy, you just have authoritarianism and no reason for bitcoin to exist.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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December 15, 2017, 07:16:45 PM |
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conspirosphere.tk
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Bitcoin is antisemitic
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December 15, 2017, 07:18:42 PM |
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jojo69
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diamond-handed zealot
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December 15, 2017, 07:21:10 PM |
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fabiorem
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December 15, 2017, 07:22:27 PM |
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I love this tether printing. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Please, $20k.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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December 15, 2017, 07:26:46 PM |
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That’s one sexy wall at $19k at Bitstamp.
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jbreher
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lose: unfind ... loose: untight
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December 15, 2017, 07:27:10 PM |
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the business model of the new millennia payment models that rely on the stupidity of the masses I am just surprised that here of all places, no one seems to be concerned about the possibility of corporations effectively restricting what is and isn't 'allowed' on the net if they control it. Some of us are filthy foreigners and don’t live in the United Swamps of America. Me too - but there are plenty of people here from 'murica that seem not to have noticed. Maybe they're all for freedom being sold off, I guess enough of 'em voted for.... Ok, never mind. I will keep quiet and just be (very quietly) flabbergasted. Might as well keep quiet, as you have no stake in this. Actually, for all the sturm und drang, the 'Net Neutrality' issue is a poorly misunderstood misnomer. There are good arguments for and against. Upon hearing the name of 'Net Neutrality', the kneejerk reaction is 'why would anyone be against that?' However, there are several good arguments against: - NN consolidates government control over something that has been working fine with free capitalist competition - NN is barely two years old - the bulk of the innovation of the Internet was achieved without its oversight - Recently, video streaming has been the bulk of internet bandwidth consumption - perhaps that should pay per its usage - It may indeed make sense to pay per consumption, rather than max bandwidth capability - etc. All I'm trying to convey is that the issue is more nuanced than is being popularly represented.
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gentlemand
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Welt Am Draht
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December 15, 2017, 07:30:49 PM |
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Of course it'll effect foreigners too. Services they use or might use in future could be strangled by this or never get off the ground at all. American companies dominate the internet.
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Ibian
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December 15, 2017, 07:31:29 PM |
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the business model of the new millennia payment models that rely on the stupidity of the masses I am just surprised that here of all places, no one seems to be concerned about the possibility of corporations effectively restricting what is and isn't 'allowed' on the net if they control it. Some of us are filthy foreigners and don’t live in the United Swamps of America. Me too - but there are plenty of people here from 'murica that seem not to have noticed. Maybe they're all for freedom being sold off, I guess enough of 'em voted for.... Ok, never mind. I will keep quiet and just be (very quietly) flabbergasted. Might as well keep quiet, as you have no stake in this. Actually, for all the sturm und drang, the 'Net Neutrality' issue is a poorly misunderstood misnomer. There are good arguments for and against. Upon hearing the name of 'Net Neutrality', the kneejerk reaction is 'why would anyone be against that?' However, there are several good arguments against: - NN consolidates government control over something that has been working fine with free capitalist competition - NN is barely two years old - the bulk of the innovation of the Internet was achieved without its oversight - Recently, video streaming has been the bulk of internet bandwidth consumption - perhaps that should pay per its usage - It may indeed make sense to pay per consumption, rather than max bandwidth capability - etc. All I'm trying to convey is that the issue is more nuanced than is being popularly represented. 1. Find the option that leads to the least government control. 2. Done. That's it, that's all there is to say on the matter.
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rjclarke2000
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December 15, 2017, 07:36:34 PM |
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That’s one sexy wall at $19k at Bitstamp.
Please do not stay “on topic”
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Rosewater Foundation
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December 15, 2017, 07:43:15 PM |
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From Kraken's announcement: Remember that if you are publicly advertising your involvement with cryptocurrencies, you are making yourself a target. Be extra careful guys! We don't want a $5 wrench unlocking our wallets! I'm just sitting here waiting to be kidnapped by thugs. It's bound to happen. Here's a nice Swedish company that will make you feel safe in your home. They will definitely be building my next home. http://www.sakrahus.com/Default.aspx?smlang=ENGI'm hoping for a huge correction this weekend. If I'm worth less maybe they'll just rob a bank like a normal person.
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jojo69
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diamond-handed zealot
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December 15, 2017, 07:47:31 PM |
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I'm hoping for a huge correction this weekend. If I'm worth less maybe they'll just rob a bank like a normal person.
In capitalist America...bank robs you.
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xhomerx10
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December 15, 2017, 07:47:37 PM |
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infofront (OP)
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Shitcoin Minimalist
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December 15, 2017, 07:53:00 PM |
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Very sad development.
Former Verizon lawyer and current FCC chairman Ajit Pai openly mocking Net Neutrality proponents concerns. https://youtu.be/79nQqqbrXxgDude has the most punchable face I have seen in a long time. Yes he does. It's not over yet though, it will likely head to court. Also for the record, there are plenty of Americans on all sides (conservatives, liberals, and libertarians) that are really pissed about repeal of net neutrality. It's a slippery slope that will only lead to unfair practices. I'm a Trump-voting, libertarian-leaning conservative, and I'm fucking pissed. There's a good debate here though: http://www.wnyc.org/story/net-neutrality-repeal-done-deal-open-question/
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STT
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Exchange 250+ Coins With 0% Fees
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December 15, 2017, 08:02:50 PM |
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I'm hoping for a huge correction this weekend. If I'm worth less maybe they'll just rob a bank like a normal person.
In capitalist America...bank robs you. If USA was capitalist like it was previously those banks would return their assets to bond holders and creditors like a normal bankruptcy system has operated for hundreds of years. Not heard of the mainstream to label it as much but 2008 was a bell toll for the fall of capitalism, not because banks make mistakes and fail but because the law was changed to no longer respect capitalism. Just like the law formerly outlawed the activies of the Federal reserve in order to avoid the devaluation of the dollar like they celebrating doing now. No part of QE has been reversed, the only reasonable conclusion is the experiment was a failure just like its failed in Japan. So not much surprise then, its not capitalism its politics doesnt really matter on the label beyond that. Nobody is willing to dispute as they are all mostly funded by government, obviously education is paid off by Federal debt. Anyone in crypto knows dollar doesnt work or the mistakes of bitcoin would matter more, I fear too many mistakes are forgiven because it works anyway just like people ignore dollar failure. Dollar is bailed out continually on the backs of tax payers but crypto has to be far more careful or it'll destroy itself. Every economy destroys itself is one fatalistic conclusion $15,713 shows a candle low a few times, 261% of the November end sell off top. BTC appears to be quite capable of further gains. A proper sell off point and return to norm for the year would 11,441 always good to have a target downside to rebuy considering theres always some news
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HairyMaclairy
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December 15, 2017, 08:14:51 PM |
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Warrant canaries gone from Bitfinex.
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Lopumbo
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December 15, 2017, 08:34:59 PM |
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so lets assume BTC hits 1mill$ someday and LN is there to save us, do i have to pay 2000$ to open a channel? tether ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fvignette.wikia.nocookie.net%2Fhunterxhunter%2Fimages%2F6%2F6a%2FMagic-meme.gif&t=665&c=NM_1PZNDbl2YxQ)
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realr0ach
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December 15, 2017, 08:42:34 PM |
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This is a better debate about it, where people claim net neutrality is socialist: http://steemit.com/internet/@schattenjaeger/net-neutrality-is-not-a-human-right-it-s-socialismAnd my reply to it: What are you smoking? Net neutrality is the idea that you pay a flat fee to a broadband provider and they aren't allowed to manipulate your content. If they are allowed to manipulate your content, you aren't using an "internet", you're using an "intranet" because they will firewall off competitors or ideas they don't want people to have access too.
The end result is that there is no internet and there's only serfs who have the ability to choose which corporate walled garden (like the apple store) to subscribe to. So yea, you are sort of correct stating net neutrality is "socialism", if by that you mean all large, complex, public works projects are incapable of being done by the private sector because they don't have the land usage rights or millions of other rights to lay down pipes everywhere on other people's property to facilitate that business.
So I guess the argument boils down to the fact that socialism is anti-freedom, but can temporarily leverage resources to create larger, more complex structures than the private sector, before socialism inevitably collapses from immediately turning into crony capitalism. This makes "freedom" kind of a pro-Amish movement, but a free society will be less able to leverage resources to tackle big problems or create technological spectacles. This makes the Amish kind of right that technology is a deal with the devil. If you want the internet, then you want socialism, otherwise you're getting an intranet.
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