...
This goes back to his famous "proof of government-issued passport".
This goes back to his famous "proof of government-issued passport".
statist shill this peter and his gaviners. statist! stati
t!!! 
Topic: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) - page 160. (Read 378996 times)
statist shill this peter and his gaviners. statist! stati
t!!! 
Sorry Peter, but you will always be in [email protected]'s shadow as a wanna-be lulzcow nonpareil.
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In his defence, he's talking about an altcoin without node neutrality. Which by the way, does show his bias all along. He's been fighting these strong constraints of neutrality and anonymity for years.
This is absolutely indicative of his mindset and goals all along:
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There is no need to use PoW to secure a block chain, let alone very strong PoW.
That design decision comes from a fundamental (but rarely discussed) design requirement Satoshi had, which is that all entities in Bitcoin must be able to join and leave at will, unannounced and anonymously.
If you want a purely decentralised system, this is a "hard" requirement, it's non-negotiable. Bitcoin simply wouldn't work without it.
If you are willing to relax the decentralisation requirements a bit so that there's some kind of explicit join/leave protocol and participants have some verified identity, or you can rely on non-standard hardware, then you don't need PoW anymore. You can just use chains of digital signatures, for example. Or you could use PoW as a means to do a randomised leader election like Bitcoin does, but where each miner just uses a single CPU because the amount of hashing doesn't matter (fraud can be punished via the legal system instead).
Context: https://archive.is/ZVa9z#selection-3787.0-3799.535That design decision comes from a fundamental (but rarely discussed) design requirement Satoshi had, which is that all entities in Bitcoin must be able to join and leave at will, unannounced and anonymously.
If you want a purely decentralised system, this is a "hard" requirement, it's non-negotiable. Bitcoin simply wouldn't work without it.
If you are willing to relax the decentralisation requirements a bit so that there's some kind of explicit join/leave protocol and participants have some verified identity, or you can rely on non-standard hardware, then you don't need PoW anymore. You can just use chains of digital signatures, for example. Or you could use PoW as a means to do a randomised leader election like Bitcoin does, but where each miner just uses a single CPU because the amount of hashing doesn't matter (fraud can be punished via the legal system instead).
This goes back to his famous "proof of government-issued passport".
How close are we to moving everything XT related into a sub section of the forum or even dumping it all it the altcoin section?
It's quite clear that XT is now a non discussion & doesn't belong in the main part of the forum.
RIP XT.
It's quite clear that XT is now a non discussion & doesn't belong in the main part of the forum.
RIP XT.
Thread serves as guidance for confused noobs.
How close are we to moving everything XT related into a sub section of the forum or even dumping it all it the altcoin section?
It's quite clear that XT is now a non discussion & doesn't belong in the main part of the forum.
RIP XT.
It's quite clear that XT is now a non discussion & doesn't belong in the main part of the forum.
RIP XT.
/PR logic fail
Peter R seems to have no idea...
Peter R seems to have no idea...
Ok, I guess, we all know by now what Peter R's role in all of this is.
I mean, the connection there is pretty clear!
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Welcome to NiceHash, the most advanced crypto currency cloud mining, hash rental service and multipool.
NiceHash for a Nice-pile-of-Cash!
A market for selling your votes... beautiful!
If miners are smart enough (as they should be for they have long-term investments to return) they need to orient themselves in the direction mostly aligned with the interests of Bitcoin users (or the actual majority thereof). If enough Bitcoin users understand the values that Bitcoin brings to the table, they should enforce that part of the consensus rules which allows them to keep participating in the consensus process. In the end of the day it all translates into keeping the costs of blockchain validation sustainable over the long term.
Weighting in on the limit, leveraging and balancing,
is what people need to educate themselves to do,
if they are to keep the consensus rules to themselves.
Bitcoin is a simple machine, but it works in a mysterious ways!
they're arguing that it's hilarious, Peter. They're correct of course 
Sorry Peter, but you will always be in [email protected]'s shadow as a wanna-be lulzcow nonpareil.
SPV
In other words, what we're seeing is a market emerge for the ability to construct blocks according to one's volition.
My sides still hurt from this one
seriously..... Lmao
Wtf is he even on? Trippin balls!
Are you two arguing that the ability to construct blocks according to one's volition is not valuable? If you agree that it is valuable, why do you doubt that a market for it would emerge?
they're arguing that it's hilarious, Peter. They're correct of course
In other words, what we're seeing is a market emerge for the ability to construct blocks according to one's volition.
My sides still hurt from this one
seriously..... Lmao
Wtf is he even on? Trippin balls!
Are you two arguing that the ability to construct blocks according to one's volition is not valuable? If you agree that it is valuable, why do you doubt that a market for it would emerge?
Cloud mining is not a market, it is a scam.
If you wanna get into the mining market, buy some gear and set up your own mining operation. Anything else you do is patently irrelevant.
Are you two arguing that the ability to construct blocks according to one's volition is not valuable? If you agree that it is valuable, why do you doubt that a market for it would emerge?
That market does exist. It's called "The Wide World of Altcoins."
https://bitcointalk.org/index.php#6
Now, are you going to admit being clueless about the demonstrated ability of NotXT nodes to produce blocks with spoofed version strings?
Or at least disclose your (lack of?) experience with mining/pools?
I'd be surprised if you've mined a single share....that would explain your sophomoric, Jorge Stolfi-like buffoonery.
In other words, what we're seeing is a market emerge for the ability to construct blocks according to one's volition.
My sides still hurt from this one
seriously..... Lmao
Wtf is he even on? Trippin balls!
Are you two arguing that the ability to construct blocks according to one's volition is not valuable? If you agree that it is valuable, why do you doubt that a market for it would emerge?
In other words, what we're seeing is a market emerge for the ability to construct blocks according to one's volition.
My sides still hurt from this one
seriously..... Lmao
Wtf is he even on? Trippin balls!
In other words, what we're seeing is a market emerge for the ability to construct blocks according to one's volition.
My sides still hurt from this one
seriously..... Three creative ways XTards are falsifying hash power in rent-a-hash and pay-per-hash schemes:
https://www.reddit.com/r/bitcoinxt/comments/3natjy/stepbystep_instructions_for_how_to_rent_hashing/
https://www.bigblockbounty.com/
https://cryptoplay.net/vote/
Making sure these spoofed votes are overwhelmingly non-indicative of hash power.
https://www.reddit.com/r/bitcoinxt/comments/3natjy/stepbystep_instructions_for_how_to_rent_hashing/
https://www.bigblockbounty.com/
https://cryptoplay.net/vote/
Making sure these spoofed votes are overwhelmingly non-indicative of hash power.
Proof-of-work is proof of work done. Unlike node count, it cannot be spoofed.
Again you have no idea of what you're talking about and you are rambling on your spherical cows, which as a mathematician CS annoys me, you are adding to the stereotype.
PoW is legit, nobody is denying that, but version bits are being spoofed. This adds to the already known possibility that a version-bit based trigger scheme might get activated without the actual hashing power backing running what they say they are running.
"HURR DURR proof-of-work cannot be spoofed, therefore it is impossible for blocks to have faked version bits."
/PR logic fail
Peter R seems to have no idea how Bitcoin mining/pools actually work. I asked him if he's ever mined so much as a single BTC. No response...
Can you believe that such fucktard was allowed to speak at #ScalingBitcoin? Maybe they invited him because he makes Team XT look like fools!
My question is: would you consider legitimate markets for buying and selling hash power to be a scam? If so, why?
Considering there is absolutely no way to get any kind of return on your investment I'd say it is most definitely a scam.
Thank you for answering.
I disagree of course. Entities selling hash power would earn slightly more on average than pointing their equipment at a pool (so sellers do have an ROI advantage). This bonus is paid for by entities buying hash power as a way to express their vote. In other words, what we're seeing is a market emerge for the ability to construct blocks according to one's volition.
Constructing blocks according to one's volition has value; it's how Bitcoin's consensus mechanism works and evolves.
Of course I'm referring to the buyer's ROI.
The nonsense you just typed has nothing to do with the reason for the existence of cloud mining
The simple pretense that these shenanigans would somehow move the needle in the balance of power is asinine and for you to defend such a scheme shows how desperate you and your gang are.
There is no "vote" Peter and what you describe has nothing to do with Bitcoin's consensus mechanism.
My question is: would you consider legitimate markets for buying and selling hash power to be a scam? If so, why?
Considering there is absolutely no way to get any kind of return on your investment I'd say it is most definitely a scam.
Thank you for answering.
I disagree of course. Entities selling hash power would earn slightly more on average than pointing their equipment at a pool (so sellers do have an ROI advantage). This bonus is paid for by entities buying hash power as a way to express their vote. In other words, what we're seeing is a market emerge for the ability to construct blocks according to one's volition.
Constructing blocks according to one's volition has value; it's how Bitcoin's consensus mechanism works and evolves.
Also, as others mentioned, cloud mining and hash markets are chock-full with scams and exit-scam schemes. The standard is not offering any guarantees or leverage, which in an unregulated market means what we already should know. Still in 2015 people don't seem to grasp the difference of operating in de-facto unregulated Bitcoin.
Assuming NiceHash works as advertised (you actually get what you pay for and they don't exit scam), would you still consider it a scam?
In other words, would you consider legitimate markets for buying and selling hash power to be a scam? If so, why?
Most scams usually pretend to "work as advertised" until they don't and then.... it's gone
That's not my question.
My question is: would you consider legitimate markets for buying and selling hash power to be a scam? If so, why?
Considering there is absolutely no way to get any kind of return on your investment I'd say it is most definitely a scam.
They're straight up ponzi schemes.
Also, as others mentioned, cloud mining and hash markets are chock-full with scams and exit-scam schemes. The standard is not offering any guarantees or leverage, which in an unregulated market means what we already should know. Still in 2015 people don't seem to grasp the difference of operating in de-facto unregulated Bitcoin.
Assuming NiceHash works as advertised (you actually get what you pay for and they don't exit scam), would you still consider it a scam?
In other words, would you consider legitimate markets for buying and selling hash power to be a scam? If so, why?
Most scams usually pretend to "work as advertised" until they don't and then.... it's gone
That's not my question.
My question is: would you consider legitimate markets for buying and selling hash power to be a scam? If so, why?
Also, as others mentioned, cloud mining and hash markets are chock-full with scams and exit-scam schemes. The standard is not offering any guarantees or leverage, which in an unregulated market means what we already should know. Still in 2015 people don't seem to grasp the difference of operating in de-facto unregulated Bitcoin.
Assuming NiceHash works as advertised (you actually get what you pay for and they don't exit scam), would you still consider it a scam?
In other words, would you consider legitimate markets for buying and selling hash power to be a scam? If so, why?
Most scams usually pretend to "work as advertised" until they don't and then.... it's gone
Also, as others mentioned, cloud mining and hash markets are chock-full with scams and exit-scam schemes. The standard is not offering any guarantees or leverage, which in an unregulated market means what we already should know. Still in 2015 people don't seem to grasp the difference of operating in de-facto unregulated Bitcoin.
Assuming NiceHash works as advertised (you actually get what you pay for and they don't exit scam), would you still consider it a scam?
In other words, would you consider legitimate markets for buying and selling hash power to be a scam? If so, why?
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Welcome to NiceHash, the most advanced crypto currency cloud mining, hash rental service and multipool.
I mean look at the fucking website, if that doesn't scream scam to you.............https://www.nicehash.com
They even have the token 5 $ fiverr motion graphic...
You quoted me before I added the parenthetical remark "at least not cloud mining in the traditional sense." It's unfortunate they use the term cloud mining on the website, due to its negative connotation.
The idea behind NiceHash is that entities can sell hash power into the pool, and that entities can purchase hash power from the pool and direct it as they see fit. Like I said, this can be interpreted as hashers selling their right to "vote with their hash power" to people who want to vote but don't also want to run mining hardware.
Assuming that the service works as advertised, would you still consider it a scam?
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