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Author Topic: [XMR] Monero Speculation  (Read 3208108 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 2 users deleted.)
generalizethis
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January 29, 2019, 05:25:13 PM
 #40341

Any body want to gamble your investment gambling interweb tokens? Come join us to play in the Super Bowlero Pool and get you some squares! Cool

https://bitcointalk.org/index.php?topic=5103532.msg49477201#msg49477201


"What each square should be worth is still to be determined and I will be up for any recommendations.  The X-axis, in green, will be designated to the Eagles and the Y-axis, in blue, will be designated to the Patriots."

How about you guys bet against whether I can guess the score, time of possession, passing & running yards, coin flip, etc...of that game?  Tongue

Oops, definitely not the eagles playing... forgot I had that in the OP (I copied and pasted a bit).

And the reason why we do that is because a lot more people can be playing the same game and can get higher payouts.

That's a shame--thought my fantasy of traveling back in time to make unlosable bets had come true  Sad

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January 29, 2019, 06:21:29 PM
 #40342

What do you guys think of the slow accumulation of gold by non-US central banks? It seems that they believe (as do many of us) that the dollar’s reserve currency role is unsustainable and that gold will return to its former role as sound high-powered money. I’ve thought that in light of Bitcoin and Monero the central bankers were betting on the wrong horse. Is it possible that it is we not them who are out of touch? What is most likely, a return to the gold standard, adoption of a cryptocurrency standard, or coexistence of both standards?

Paper money eventually returns to its intrinsic value - zero.
-Voltaire


121 years ago, the Dragon was locked into a cursed, escape-proof Dollar Trap by the Eagle, the Lion, and the Bear.

This infernal device constricted more as Dragon used his might to struggle and resist, for all energy expended was via Carry Trade ceremonies transmuted into additional trapping power.

Eventually the Dragon stopped fighting and began considering how to use the trap's nature against it in order to escape.

Patiently and slowly, but with great determination, the Dragon began to tunnel his way out of the Dollar Trap.

It turned out the Fiat Prison which contained the Dollar Trap was built on solid rock containing a few scant grams of gold per ton of ore.

But that was all the Dragon needed, for his Time Preferences were much lower than the Babylon Bankers who built the prison and his labor force could be made to work for little to nothing.

And so the Dragon assiduously toiled away the decades, quietly burrowing ever deeper into earth supporting the foundations of the Dollar Trap, and amassing a hidden horde of gold befitting his nature and stature.

Even the most gormless and degenerate guards of the Fiat Prison complex gradually began to notice the Dragon gaining strength with every passing boom and bust cycle.  They also noted cracks appearing, then widening, in the walls and floors of their once polished and gleaming (but now shabby and ghetto) structures.

But they no longer possessed the power of their ancestors and could not again wield the Seal Of Solomon with the aptitude required to conjure demons powerful enough to subdue the resurgent Dragon.

Now the Dragon is no longer a prisoner in his Dollar Trap; it has become his headquarters and main office.

The Fiat Prison complex is maintained as a pious fiction at best and is at worst rumored to be some new devious type of Eagle Cage.

The Dragon has heard of a new kind of digital gold and has taken a substantial (perhaps leading) position in the novel commodity.  But he will not underestimate or forget the impact of 5000 years worth of Lindy Effect backing analog gold, nor the more recent role the King Of Monetary Assets is playing in his own story of emancipation and liberation.

How did the Dragon know how to counter the hexes of Mystery Babylon?  In two ways.  First, the laws of economics are universal and independently discoverable/verfiable.
Second, the hidden wisdom of the ages is far older than Babylon and the Dragon is well versed in culture ranging from esoteric traditions to TV Tropes.


Vampires and Silver
by Vicky
(Tumkur, Karnataka, India)

Question:
I heard that vampires are injured when they come in contact with silver. If it's true, then like silver are there any more materials that vampires cannot touch? Can you give the list of them?

Answer:
Silver has a unique place in vampire mythology as the single, solid, naturally occurring substance that can injure a vampire. The ultraviolet rays of sunlight can harm a vampire, as can fire or holy water, but these are all substances that have to be "created" in order to be used. We can create machines that emit ultraviolet rays, we can bless water, and we can start fires, but all of these require planning, special spiritual connections, or specific chemical reactions in order to exist. Silver is a naturally occurring mineral that, in and of itself, can be dangerous to vampires.

Why silver and not, say, gold or copper or any other mineral? Well, no one can say, as we have not been able to sit a vampire down and do any scientific studies on the matter, but for whatever reason silver has been known for thousands of years across thousands of cultures to be a very potent material against several supernatural monsters, such as vampires and werewolves.

For whatever scientific or chemical reason, silver has a unique effect upon vampires when it comes in contact with their skin. Not only does it burn, but it also has a paralyzing effect, making it so a vampire cannot pull the silver off of itself. It's somewhat similar to the way humans become paralyzed by electrical currents - the muscles seize and the person becomes unable to disconnect themselves from the source. While in both cases this is not necessarily deadly in small amounts, there is the possibility of major injury with enough exposure.

The burns caused by silver are minor compared to those caused by sunlight. Silver has the effect, though, of slowing a vampire's ability to heal so greatly that over enough time it could effectively destroy a vampire. The paralysis effect makes it so much more dangerous than other materials in that a vampire could be incapacitated simply by chaining them up with silver chains, handcuffs, or wires. Despite a vampire's incredible strength, the paralysis effect makes it so that they cannot break free of these chains without outside assistance.

While there are other materials and objects that serve as vampire repellents, none come close to matching the effects of silver.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
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cAPSLOCK
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UNLEASH THE FURY!


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January 29, 2019, 06:52:21 PM
 #40343


Paper money eventually returns to its intrinsic value - zero.
-Voltaire


121 years ago, the Dragon was locked into a cursed, escape-proof Dollar Trap by the Eagle, the Lion, and the Bear.

This infernal device constricted more as Dragon used his might to struggle and resist, for all energy expended was via Carry Trade ceremonies transmuted into additional trapping power.

Eventually the Dragon stopped fighting and began considering how to use the trap's nature against it in order to escape.

Patiently and slowly, but with great determination, the Dragon began to tunnel his way out of the Dollar Trap.

It turned out the Fiat Prison which contained the Dollar Trap was built on solid rock containing a few scant grams of gold per ton of ore.

But that was all the Dragon needed, for his Time Preferences were much lower than the Babylon Bankers who built the prison and his labor force could be made to work for little to nothing.

And so the Dragon assiduously toiled away the decades, quietly burrowing ever deeper into earth supporting the foundations of the Dollar Trap, and amassing a hidden horde of gold befitting his nature and stature.

Even the most gormless and degenerate guards of the Fiat Prison complex gradually began to notice the Dragon gaining strength with every passing boom and bust cycle.  They also noted cracks appearing, then widening, in the walls and floors of their once polished and gleaming (but now shabby and ghetto) structures.

But they no longer possessed the power of their ancestors and could not again wield the Seal Of Solomon with the aptitude required to conjure demons powerful enough to subdue the resurgent Dragon.

Now the Dragon is no longer a prisoner in his Dollar Trap; it has become his headquarters and main office.

The Fiat Prison complex is maintained as a pious fiction at best and is at worst rumored to be some new devious type of Eagle Cage.

The Dragon has heard of a new kind of digital gold and has taken a substantial (perhaps leading) position in the novel commodity.  But he will not underestimate or forget the impact of 5000 years worth of Lindy Effect backing analog gold, nor the more recent role the King Of Monetary Assets is playing in his own story of emancipation and liberation.

How did the Dragon know how to counter the hexes of Mystery Babylon?  In two ways.  First, the laws of economics are universal and independently discoverable/verfiable.
Second, the hidden wisdom of the ages is far older than Babylon and the Dragon is well versed in culture ranging from esoteric traditions to TV Tropes.

Wow... what brings you this way stranger?
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January 29, 2019, 08:51:58 PM
 #40344

What do you guys think of the slow accumulation of gold by non-US central banks? It seems that they believe (as do many of us) that the dollar’s reserve currency role is unsustainable and that gold will return to its former role as sound high-powered money. I’ve thought that in light of Bitcoin and Monero the central bankers were betting on the wrong horse. Is it possible that it is we not them who are out of touch? What is most likely, a return to the gold standard, adoption of a cryptocurrency standard, or coexistence of both standards?

Paper money eventually returns to its intrinsic value - zero.
-Voltaire


121 years ago, the Dragon was locked into a cursed, escape-proof Dollar Trap by the Eagle, the Lion, and the Bear.

This infernal device constricted more as Dragon used his might to struggle and resist, for all energy expended was via Carry Trade ceremonies transmuted into additional trapping power.

Eventually the Dragon stopped fighting and began considering how to use the trap's nature against it in order to escape.

Patiently and slowly, but with great determination, the Dragon began to tunnel his way out of the Dollar Trap.

It turned out the Fiat Prison which contained the Dollar Trap was built on solid rock containing a few scant grams of gold per ton of ore.

But that was all the Dragon needed, for his Time Preferences were much lower than the Babylon Bankers who built the prison and his labor force could be made to work for little to nothing.

And so the Dragon assiduously toiled away the decades, quietly burrowing ever deeper into earth supporting the foundations of the Dollar Trap, and amassing a hidden horde of gold befitting his nature and stature.

Even the most gormless and degenerate guards of the Fiat Prison complex gradually began to notice the Dragon gaining strength with every passing boom and bust cycle.  They also noted cracks appearing, then widening, in the walls and floors of their once polished and gleaming (but now shabby and ghetto) structures.

But they no longer possessed the power of their ancestors and could not again wield the Seal Of Solomon with the aptitude required to conjure demons powerful enough to subdue the resurgent Dragon.

Now the Dragon is no longer a prisoner in his Dollar Trap; it has become his headquarters and main office.

The Fiat Prison complex is maintained as a pious fiction at best and is at worst rumored to be some new devious type of Eagle Cage.

The Dragon has heard of a new kind of digital gold and has taken a substantial (perhaps leading) position in the novel commodity.  But he will not underestimate or forget the impact of 5000 years worth of Lindy Effect backing analog gold, nor the more recent role the King Of Monetary Assets is playing in his own story of emancipation and liberation.

How did the Dragon know how to counter the hexes of Mystery Babylon?  In two ways.  First, the laws of economics are universal and independently discoverable/verfiable.
Second, the hidden wisdom of the ages is far older than Babylon and the Dragon is well versed in culture ranging from esoteric traditions to TV Tropes.


Vampires and Silver
by Vicky
(Tumkur, Karnataka, India)

Question:
I heard that vampires are injured when they come in contact with silver. If it's true, then like silver are there any more materials that vampires cannot touch? Can you give the list of them?

Answer:
Silver has a unique place in vampire mythology as the single, solid, naturally occurring substance that can injure a vampire. The ultraviolet rays of sunlight can harm a vampire, as can fire or holy water, but these are all substances that have to be "created" in order to be used. We can create machines that emit ultraviolet rays, we can bless water, and we can start fires, but all of these require planning, special spiritual connections, or specific chemical reactions in order to exist. Silver is a naturally occurring mineral that, in and of itself, can be dangerous to vampires.

Why silver and not, say, gold or copper or any other mineral? Well, no one can say, as we have not been able to sit a vampire down and do any scientific studies on the matter, but for whatever reason silver has been known for thousands of years across thousands of cultures to be a very potent material against several supernatural monsters, such as vampires and werewolves.

For whatever scientific or chemical reason, silver has a unique effect upon vampires when it comes in contact with their skin. Not only does it burn, but it also has a paralyzing effect, making it so a vampire cannot pull the silver off of itself. It's somewhat similar to the way humans become paralyzed by electrical currents - the muscles seize and the person becomes unable to disconnect themselves from the source. While in both cases this is not necessarily deadly in small amounts, there is the possibility of major injury with enough exposure.

The burns caused by silver are minor compared to those caused by sunlight. Silver has the effect, though, of slowing a vampire's ability to heal so greatly that over enough time it could effectively destroy a vampire. The paralysis effect makes it so much more dangerous than other materials in that a vampire could be incapacitated simply by chaining them up with silver chains, handcuffs, or wires. Despite a vampire's incredible strength, the paralysis effect makes it so that they cannot break free of these chains without outside assistance.

While there are other materials and objects that serve as vampire repellents, none come close to matching the effects of silver.

Oh shit, so I should have went all in on litecoin,   ha ha

Great stuff thanks


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
iCEBREAKER
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January 29, 2019, 09:41:04 PM
Last edit: January 29, 2019, 10:11:52 PM by iCEBREAKER
Merited by cAPSLOCK (5)
 #40345

Wow... what brings you this way stranger?

Smoothie's new coins, tbh.  Cool
But how about an overdue rant too?
 Roll Eyes

I see Bitcoin maximalist supremacist monopolists conveniently ignoring the fact they failed in previous attempts to enforce upon reasonable people false claims to the exclusive title of "Maximalist" many years ago, under the atrocious thought leadership of cypherdoc & other victims of (a viciously Dunning-Krueger-compounded) Peter_R Principle.

These Eternal September perma-noobs would like to forget he was the original "maximalist supremacist monopolist" crank (I created the bespoke term especially for frappe.doc like a Savlle Row tailor creates a custom suit).

It's beyond ridiculous certain self-appointed baguette-munching "Bitcoin Ambassadors" don't even grasp the basics of their ostensible field of expertise's culture (ie history) and linguistics (ie vocabulary).

They make hilariously ignorant grunts accusing coblee and fluffy of trying to "redefine language to try and paint people calling out scams as extremists!"

That, despite the Maximalist vs Monopolist distinction being well defined and established years before Bcash was a glimmer reflected from Roger to Jihan's bedroom eyes.

This isn't hard and the salty supremacists are only pretending it's hard for the exact same reasons the Bcash people pretend it's a hard call whether or not to award the Bitcoin brand/socioeconomic majority/ticker to the original defending chain or this year's controversial attacking hard fork.

Even smug muggles like Akin Fernandez, Pierre Rochard, and Francis Pouliot can easily (if they would only try) to understand the basic English written here:


Op-ed: BTC Supremacists are not Bitcoin Maximalists
By Mike - September 24, 2018

I would like to differentiate the original notion of “Bitcoin Maximalism” with the extreme “BTC Supremacy” currently popular within the r/Bitcoin/Blockstream/Bitcoin Core/Magical Crypto Friends wing of the Bitcoin community. The purpose of this piece will be to emphasize the positive aspects of Bitcoin Maximalism while polemicizing the wretched tendencies of BTC Supremacy.

I propose that all derogatory mentions of “Bitcoin Maximalist” are actually descriptions of what is better understood as a “BTC Supremacist”. We must make this distinction clear and well-known. BTC Supremacists are the only ones who say that Bitcoin is not a great form of money, that BTC is not for people who earn less than $2 a day, that you should just use fiat to collect credit card points.

BTC Supremacy holds that only the blockchain currently designated by the ticker symbol BTC can possibly represent any idea of Bitcoin. No other blockchain, not even forks with the same UTXO history, can possibly participate in any conversation about Bitcoin. To suggest otherwise earns you the title, “known scammer”.  Accordingly, the will of the sole BTC development team, Bitcoin Core, reigns supreme. Dissenters are censored and cast out of Bitcoin communities by BTC Supremacists. Heretics are blocked on social media by BTC Supremacists.

Yes, I can confirm @BEAUTYON_ 100% DEFINITELY BLOCKS FOR DISAGREEMENT B/C HE'S A SNIGGERING COWARD AFRAID TO BE PROVEN WRONG IN PUBLIC.

Let's also recall the (pathological) maximalist supremacist monopolist mindset originated from within the toxic fever swamps of Mircea Posescu's cult of personality, the long-defunct Republic of La Serenissima.

It's funny the same maximalist supremacist monopolist gang of Mircea's ass-kissing passengers are still hanging out together, smoking fags on their e-stoop and shouting crapulent, witless things at any pedestrian Mere-Maximalist unfortunate enough to be in their disreputable proximity.

It's not like Coinspice Mike's ideas are new, radical, or even untested.

Anyone with memory function superior to Akin/Pierre/Francis' Axis of Trilemmings can easily use the board's search function to research the history of maximalist vs monopolist  evolution.

It's good for Monero that Litecoin is helping us break up the Bitcoin/Ethereum duopoly.  Once a market relents from its Bitcoin maximalist supremacist monopolist (or 'Muh Flippening') paradigm there is no more protectionism and every coin must compete for users based on its own merits.  That means cheap tx fees, quick confirms, low withdrawals fees, and extra features such as privacy.

And now (as predicted) we see every coin competing for users based on its own cheap/quick/private merits.  (I know, I know.  The horror!  Don't they realize Bitcoin is ENTITLED to be the ONLY BLOCKCHAIN EVAR??1?)

Yes, this is on topic.  Here's why:

Bitcoin is meaningfully handing key use-cases to alts. Core's roadmap that clearly has no regard for keeping on-chain fees as cheap as possible for as long as possible, is opening the door for alts to satisfy the demand for secure & cheap transactions. Further, Core stonewalling the community, and stagnating development that's actually meaningful to users is scary.

Thus, the key thesis that Bitcoin can and will adapt when necessary, and/or adopt innovations from alt-coins (adaptive blocksize anyone?) when it's clearly advantageous to do so, is now empirically in question.

So you can count me as one of the people who's been staunchly Bitcoiin-maximalist for *years*, but is now questioning Bitcoin's direction in a fundamental way that I have not before. There hasn't been an event in Bitcoin, until now, which threatens to fundamentally change Bitcoin's longterm vision and key value. So it's pretty darn reasonable for people to start looking elsewhere. I personally haven't converted any cold-storage BTC to alts, but as you note, I'm seeing long-time Bitcoiners do so (or at least talk about it) for the first time. Core and supporters may want to take notice before the reality that Bitcoin is not operating in a competition-free vacuum hits them in the face. There's still time to fix this. But not much.


I am a Maximalist ('BTC's Holy Ledger is the Mother of All Blockchains and Father of All Settlement Networks'), but not a Maximalist Monopolist Supremacist ('only BTC should exist; all alts are scams Because Natural Monopoly and Reasons').

Like smoothie and many others, I've been advocating/predicting Nash equilibrium among Bitcoin and the (legitimate) alts since Litecoin was created.  

Nothing fundamental in Bitcoin has changed; it still works almost perfectly.  

The world adapts to Honey Badger; he does not jump through the latest trendy software hoop every time some Panicky Penelopes feel like wetting their pants over losing use cases (marginal or otherwise) to altcoins.

Control variables like blocksize, which effect the economics and decentralization of e-cash/crypto experiments, are not going to be changed for no good reason.  We'll have segwit ASAP, so let's calm down and avoid having a Hearnia.   Wink

The proper way to expand the experimental search of e-cash state space is by creating parallel experiments with adjusted parameters.  It's best to have Bitcoin follow through on its commitment to limited/fixed blocks, while Monero tries a different approach with dynamic blocks.

Bolting onto Bitcoin the latest shiny new altcoin thing only concentrates risk and reduces diversity of options available to users.


One more before I drop the blade.

Bitcoin is Gavincoin soon and it will be inaccessible for every day people. Bitcoin fears and hates all altcoins.

Litecoin has a bright future. Everyday people will use altcoins like Litecoin, Dogecoin and others. Not Bitcoin.

Bitcoin loves its children, nieces, and nephews.  Even the prodigal, black sheep scamcoins.   Cheesy

The altcoin hate/fear comes from the Monotheist Monopolist Maximalist Supremacists.

We Minimal Maximalists welcome a vibrant ecosystem of other coins, all trading under the watchful eye of the Holy Mother of All Blockchains.



And now the coup de grâce.

iCEBREAKER's guillotine:
Bitcoin Monopolist Maximalist Supremacists inevitably go off the rails and end up indistinguishable from Buttcoiners

In conclusion, the only people redefining the language of Bitcoin maximalism are the leaderless Mircea cult leftovers from the #bitcoin-asshats implosion who don't understand why they don't (and can't) control a narrative without facts and logic rallying support to their side.  Oh, and the Bcash dead-enders too (see "iCEBREAKER's guillotine" for the reason why).


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
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January 29, 2019, 10:46:33 PM
 #40346

Wow... what brings you this way stranger?

Smoothie's new coins, tbh.  Cool
But how about an overdue rant too?
 Roll Eyes

I see Bitcoin maximalist supremacist monopolists conveniently ignoring the fact they failed in previous attempts to enforce upon reasonable people false claims to the exclusive title of "Maximalist" many years ago, under the atrocious thought leadership of cypherdoc & other victims of (a viciously Dunning-Krueger-compounded) Peter_R Principle.

These Eternal September perma-noobs would like to forget he was the original "maximalist supremacist monopolist" crank (I created the bespoke term especially for frappe.doc like a Savlle Row tailor creates a custom suit).

It's beyond ridiculous certain self-appointed baguette-munching "Bitcoin Ambassadors" don't even grasp the basics of their ostensible field of expertise's culture (ie history) and linguistics (ie vocabulary).

They make hilariously ignorant grunts accusing coblee and fluffy of trying to "redefine language to try and paint people calling out scams as extremists!"

That, despite the Maximalist vs Monopolist distinction being well defined and established years before Bcash was a glimmer reflected from Roger to Jihan's bedroom eyes.

This isn't hard and the salty supremacists are only pretending it's hard for the exact same reasons the Bcash people pretend it's a hard call whether or not to award the Bitcoin brand/socioeconomic majority/ticker to the original defending chain or this year's controversial attacking hard fork.

Even smug muggles like Akin Fernandez, Pierre Rochard, and Francis Pouliot can easily (if they would only try) to understand the basic English written here:


Op-ed: BTC Supremacists are not Bitcoin Maximalists
By Mike - September 24, 2018

I would like to differentiate the original notion of “Bitcoin Maximalism” with the extreme “BTC Supremacy” currently popular within the r/Bitcoin/Blockstream/Bitcoin Core/Magical Crypto Friends wing of the Bitcoin community. The purpose of this piece will be to emphasize the positive aspects of Bitcoin Maximalism while polemicizing the wretched tendencies of BTC Supremacy.

I propose that all derogatory mentions of “Bitcoin Maximalist” are actually descriptions of what is better understood as a “BTC Supremacist”. We must make this distinction clear and well-known. BTC Supremacists are the only ones who say that Bitcoin is not a great form of money, that BTC is not for people who earn less than $2 a day, that you should just use fiat to collect credit card points.

BTC Supremacy holds that only the blockchain currently designated by the ticker symbol BTC can possibly represent any idea of Bitcoin. No other blockchain, not even forks with the same UTXO history, can possibly participate in any conversation about Bitcoin. To suggest otherwise earns you the title, “known scammer”.  Accordingly, the will of the sole BTC development team, Bitcoin Core, reigns supreme. Dissenters are censored and cast out of Bitcoin communities by BTC Supremacists. Heretics are blocked on social media by BTC Supremacists.

Yes, I can confirm @BEAUTYON_ 100% DEFINITELY BLOCKS FOR DISAGREEMENT B/C HE'S A SNIGGERING COWARD AFRAID TO BE PROVEN WRONG IN PUBLIC.

Let's also recall the (pathological) maximalist supremacist monopolist mindset originated from within the toxic fever swamps of Mircea Posescu's cult of personality, the long-defunct Republic of La Serenissima.

It's funny the same maximalist supremacist monopolist gang of Mircea's ass-kissing passengers are still hanging out together, smoking fags on their e-stoop and shouting crapulent, witless things at any pedestrian Mere-Maximalist unfortunate enough to be in their disreputable proximity.

It's not like Coinspice Mike's ideas are new, radical, or even untested.

Anyone with memory function superior to Akin/Pierre/Francis' Axis of Trilemmings can easily use the board's search function to research the history of maximalist vs monopolist  evolution.

It's good for Monero that Litecoin is helping us break up the Bitcoin/Ethereum duopoly.  Once a market relents from its Bitcoin maximalist supremacist monopolist (or 'Muh Flippening') paradigm there is no more protectionism and every coin must compete for users based on its own merits.  That means cheap tx fees, quick confirms, low withdrawals fees, and extra features such as privacy.

And now (as predicted) we see every coin competing for users based on its own cheap/quick/private merits.  (I know, I know.  The horror!  Don't they realize Bitcoin is ENTITLED to be the ONLY BLOCKCHAIN EVAR??1?)

Yes, this is on topic.  Here's why:

Bitcoin is meaningfully handing key use-cases to alts. Core's roadmap that clearly has no regard for keeping on-chain fees as cheap as possible for as long as possible, is opening the door for alts to satisfy the demand for secure & cheap transactions. Further, Core stonewalling the community, and stagnating development that's actually meaningful to users is scary.

Thus, the key thesis that Bitcoin can and will adapt when necessary, and/or adopt innovations from alt-coins (adaptive blocksize anyone?) when it's clearly advantageous to do so, is now empirically in question.

So you can count me as one of the people who's been staunchly Bitcoiin-maximalist for *years*, but is now questioning Bitcoin's direction in a fundamental way that I have not before. There hasn't been an event in Bitcoin, until now, which threatens to fundamentally change Bitcoin's longterm vision and key value. So it's pretty darn reasonable for people to start looking elsewhere. I personally haven't converted any cold-storage BTC to alts, but as you note, I'm seeing long-time Bitcoiners do so (or at least talk about it) for the first time. Core and supporters may want to take notice before the reality that Bitcoin is not operating in a competition-free vacuum hits them in the face. There's still time to fix this. But not much.


I am a Maximalist ('BTC's Holy Ledger is the Mother of All Blockchains and Father of All Settlement Networks'), but not a Maximalist Monopolist Supremacist ('only BTC should exist; all alts are scams Because Natural Monopoly and Reasons').

Like smoothie and many others, I've been advocating/predicting Nash equilibrium among Bitcoin and the (legitimate) alts since Litecoin was created.  

Nothing fundamental in Bitcoin has changed; it still works almost perfectly.  

The world adapts to Honey Badger; he does not jump through the latest trendy software hoop every time some Panicky Penelopes feel like wetting their pants over losing use cases (marginal or otherwise) to altcoins.

Control variables like blocksize, which effect the economics and decentralization of e-cash/crypto experiments, are not going to be changed for no good reason.  We'll have segwit ASAP, so let's calm down and avoid having a Hearnia.   Wink

The proper way to expand the experimental search of e-cash state space is by creating parallel experiments with adjusted parameters.  It's best to have Bitcoin follow through on its commitment to limited/fixed blocks, while Monero tries a different approach with dynamic blocks.

Bolting onto Bitcoin the latest shiny new altcoin thing only concentrates risk and reduces diversity of options available to users.


One more before I drop the blade.

Bitcoin is Gavincoin soon and it will be inaccessible for every day people. Bitcoin fears and hates all altcoins.

Litecoin has a bright future. Everyday people will use altcoins like Litecoin, Dogecoin and others. Not Bitcoin.

Bitcoin loves its children, nieces, and nephews.  Even the prodigal, black sheep scamcoins.   Cheesy

The altcoin hate/fear comes from the Monotheist Monopolist Maximalist Supremacists.

We Minimal Maximalists welcome a vibrant ecosystem of other coins, all trading under the watchful eye of the Holy Mother of All Blockchains.



And now the coup de grâce.

iCEBREAKER's guillotine:
Bitcoin Monopolist Maximalist Supremacists inevitably go off the rails and end up indistinguishable from Buttcoiners

In conclusion, the only people redefining the language of Bitcoin maximalism are the leaderless Mircea cult leftovers from the #bitcoin-asshats implosion who don't understand why they don't (and can't) control a narrative without facts and logic rallying support to their side.  Oh, and the Bcash dead-enders too (see "iCEBREAKER's guillotine" for the reason why).

Did Shelby get a hold of your account?

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January 29, 2019, 11:53:42 PM
Merited by Bitcoinaire (1)
 #40347


What does Anonymint have to do with a crypto-history lesson which starts a couple of years before his sign-up in 2013?  Was he in #bitcoin-asshats?  I do see one important point on that tangent, and modified our new heuristic accordingly.

Shelby was (is?) a Shelbycoin monopolist maximalist monotheist fundamentalist ideologue, and (in accordance with i.G.) inevitably went off the rails, ending up indistinguishable from Buttcoiners.

Who's next?  Wink


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
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January 29, 2019, 11:55:46 PM
 #40348

Probably best to dump Monero and but everything in BTC/ETH/GRIN at this point.
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January 30, 2019, 12:08:32 AM
 #40349


What does Anonymint have to do with a crypto-history lesson which starts a couple of years before his sign-up in 2013?  Was he in #bitcoin-asshats?  I do see one important point on that tangent, and modified our new heuristic accordingly.

Shelby was (is?) a Shelbycoin monopolist maximalist monotheist fundamentalist ideologue, and (in accordance with i.G.) inevitably went off the rails, ending up indistinguishable from Buttcoiners.

Who's next?  Wink

Lol, your on a real roll today! Smiley

Probably best to dump Monero and but everything in BTC/ETH/GRIN at this point.

Who'd you scam?

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January 30, 2019, 01:07:41 AM
 #40350


What does Anonymint have to do with a crypto-history lesson which starts a couple of years before his sign-up in 2013?  Was he in #bitcoin-asshats?  I do see one important point on that tangent, and modified our new heuristic accordingly.

Shelby was (is?) a Shelbycoin monopolist maximalist monotheist fundamentalist ideologue, and (in accordance with i.G.) inevitably went off the rails, ending up indistinguishable from Buttcoiners.

Who's next?  Wink

Shelby was very important in my life, after arguing with him for three days about the unlikelihood that the Denver Airport was a map to a global Zionist conspiracy, I coined the phrase "Inkblot Logic". He threatened to quit BCT, which lasted all of a day.

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January 30, 2019, 02:19:06 AM
 #40351

Honestly I am staying the hell away from the Kovri drama. I've been wary of it for quite some time.

That is not meant as a comment either way about whether any action should or should not be taken. It is simply my position that until required by some sense of governance (such as the core team being called upon to weigh in on whether FFS milestones have been met), I will exercise my prerogative as an unpaid volunteer to not get involved with it and to work for a better Monero and a better world in other ways.

Could we compensate you to do (or maybe just supervise) a Kovri postmortem?

Your distance and neutrality (plus skillz) make you an ideal candidate for the thankless task.

I'd like to know about
-early red flags (doomed from the start?)
-aggravating factors (Seasonal Affective Disorder resulting from Crypto's Long Winter?)
-potential remedies we may have missed (can we learn from this?)
-do the FFS's accountability mechanisms work as intended or need improvement?

Write it up on Steem and I'll be sure to...oh wait that's never going to happen.  Cheesy


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
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January 30, 2019, 09:24:15 AM
 #40352

….and is the offer of resolution viable?

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January 30, 2019, 12:34:38 PM
 #40353

-do the FFS's accountability mechanisms work as intended or need improvement?

FFSs changed a lot and I believe are again in works to be changed. Now projects are split, so they cant last a year or more since value of Monero changes to much in such long period of time.

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January 30, 2019, 01:50:26 PM
 #40354

Monero is one of the best anonymous coins at the moment. She can compete only Verge. but popularity remains for Monero

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January 30, 2019, 02:20:24 PM
 #40355


Shelby was very important in my life, after arguing with him for three days about the unlikelihood that the Denver Airport was a map to a global Zionist conspiracy, I coined the phrase "Inkblot Logic". He threatened to quit BCT, which lasted all of a day.

Wow... kudos.  That was a pretty long quit!
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January 30, 2019, 02:39:13 PM
 #40356

Honestly I am staying the hell away from the Kovri drama. I've been wary of it for quite some time.

That is not meant as a comment either way about whether any action should or should not be taken. It is simply my position that until required by some sense of governance (such as the core team being called upon to weigh in on whether FFS milestones have been met), I will exercise my prerogative as an unpaid volunteer to not get involved with it and to work for a better Monero and a better world in other ways.

Could we compensate you to do (or maybe just supervise) a Kovri postmortem?

Your distance and neutrality (plus skillz) make you an ideal candidate for the thankless task.

I'd like to know about
-early red flags (doomed from the start?)
-aggravating factors (Seasonal Affective Disorder resulting from Crypto's Long Winter?)
-potential remedies we may have missed (can we learn from this?)
-do the FFS's accountability mechanisms work as intended or need improvement?

Write it up on Steem and I'll be sure to...oh wait that's never going to happen.  Cheesy

Without any knowledge of the inner details, and just a cursory glance it seems fairly obvious to me that the failure of that project rest firmly on the shoulders of the person leading it.  Either he does not know how to manage a project as complex as that one is destined to become, or he does not have the chops to pull it off.  The whole drama aspect looks like smokescreen to me...  and I imagine he is fooling himself at least as well as anyone else with the choreography of his exit.

Like I said, I have no idea what I am talking about specifically. Wink  But I ran a business for nearly 20 years...  And you get to know what sorts of personalities end up with which sorts of circumstances.  Just an educated guess.

Is Kovri still a good idea?  Do we start over completely?  Or do we try to save something from the ashes of this "attempt"?

Those are the questions that need to be asked.

One other reality is this does put some hurt on the FFS.  At least in the short term.  People will be less willing to throw money at shiny things.  But maybe this is kinda good?
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January 30, 2019, 05:46:49 PM
 #40357

Honestly I am staying the hell away from the Kovri drama. I've been wary of it for quite some time.

That is not meant as a comment either way about whether any action should or should not be taken. It is simply my position that until required by some sense of governance (such as the core team being called upon to weigh in on whether FFS milestones have been met), I will exercise my prerogative as an unpaid volunteer to not get involved with it and to work for a better Monero and a better world in other ways.

Could we compensate you to do (or maybe just supervise) a Kovri postmortem?

Your distance and neutrality (plus skillz) make you an ideal candidate for the thankless task.

I'd like to know about
-early red flags (doomed from the start?)
-aggravating factors (Seasonal Affective Disorder resulting from Crypto's Long Winter?)
-potential remedies we may have missed (can we learn from this?)
-do the FFS's accountability mechanisms work as intended or need improvement?

Write it up on Steem and I'll be sure to...oh wait that's never going to happen.  Cheesy

Without any knowledge of the inner details, and just a cursory glance it seems fairly obvious to me that the failure of that project rest firmly on the shoulders of the person leading it.  Either he does not know how to manage a project as complex as that one is destined to become, or he does not have the chops to pull it off.  The whole drama aspect looks like smokescreen to me...  and I imagine he is fooling himself at least as well as anyone else with the choreography of his exit.

Like I said, I have no idea what I am talking about specifically. Wink  But I ran a business for nearly 20 years...  And you get to know what sorts of personalities end up with which sorts of circumstances.  Just an educated guess.

Is Kovri still a good idea?  Do we start over completely?  Or do we try to save something from the ashes of this "attempt"?

Those are the questions that need to be asked.

One other reality is this does put some hurt on the FFS.  At least in the short term.  People will be less willing to throw money at shiny things.  But maybe this is kinda good?

In case you hadn't seen it yet, knaccc has developed an I2P-zero GUI, which can be ran alongside the Monero software and would thus allow a user to easily broadcast transactions over I2P.

https://github.com/knaccc/i2p-zero/blob/master/README.md

https://github.com/monero-project/monero/issues/5070#issuecomment-458283539

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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January 30, 2019, 11:56:10 PM
 #40358


In case you hadn't seen it yet, knaccc has developed an I2P-zero GUI, which can be ran alongside the Monero software and would thus allow a user to easily broadcast transactions over I2P.

https://github.com/knaccc/i2p-zero/blob/master/README.md

https://github.com/monero-project/monero/issues/5070#issuecomment-458283539

So what took him-who-shall-remain-nameless 2 years to never complete, was done in 2 weeks by knacc? If this isn't a clear example of anchoring, I don't know what is.

Quote from: Nassim Taleb - The Black Swan
Let’s say a project is expected to terminate in 79 days, the same expectation in days as the newborn female has in years. On the 79th day, if the project is not finished, it will be expected to take another 25 days to complete. But on the 90th day, if the project is still not completed, it should have about 58 days to go. On the 100th, it should have 89 days to go. On the 119th, it should have an extra 149 days. On day 600, if the project is not done, you will be expected to need an extra 1,590 days. As you see, the longer you wait, the longer you will be expected to wait.
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January 31, 2019, 02:35:44 AM
 #40359

@joroz That's not quite the right take.

The Java platform features that knaccc is using to streamline the deployment (and expected to streamline it further later this year) either didn't exist or were not in their current state of maturity two years ago. So some of the "progress" was achieved not solely by knaccc's "two weeks" but due to the passage of two years of time, and the work of Java developers over those past two years. Much as I respect and appreciate the work, knaccc alone did not accomplish the "task" in "two weeks".

(It is also not yet a fully-integrated i2p+Monero solution that kovri was at least attempting to accomplish. Whether it will get there remains to be seen but it certainly looks more promising.)
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January 31, 2019, 08:33:48 AM
 #40360

What about his offer to pivot to something else?

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