Topic: delete - page 16. (Read 113463 times)

This is all the same logic blackhat hackers use to justify their behaviors

"Well if you're security wasn't so poor, we wouldn't have stolen from you"

I guess if I leave my car unlocked I deserve to have things stolen from me. Gotcha.

If you design a better coin, merged mining pools will happily add it to their merge, granting it the same massive security enjoyed by all the merged coins, to the extent that they have enough valid useful improvements to get added to the merge.

The most significant spot of why proof of work is broken lays in all coins from bitcoin over litecoin to the shittiest shitcoin. All of them have much value for the few that been in early enough but it's rather impossible for anyone who came later to earn the same wealth with the same hard work (means investing in miners) as for these that been in 3 months earlier. Difficulty makes it impossible for later people to get equal with early adopters.
That, in fact makes the whole system a total failure for everyone who was "not on the train" early enough.
Money should give equal possibilities for everyone who joins in with their hard work at any time. Crypto coins dont. Since the shitcoin flood, you will be too late already 3 days after launch.

did you know bitcoin tits are divisible?  the smallest divisible unit is called an "A-cup".

The bitcoin developers are not sociopathic. They added merged mining to bitcoin fergoshsakes, so that altcoins can benefit from the security that bitcoin's massive hashing power can provide.

So far only Namecoin, Devcoin, Groupcoin, I0Coin, IXCoin, CoiLedCoin and GeistGeld have working implementations to actually take advantage of that extremely generous capability provided by the bitcoin developers but that seems mostly to do with scammers preferring not to make secure blockchains.

-MarkM-

Remember bitcoin is just one of a family of eight coins that all can be secured using the same hashing power.

If speed of transactions was a useful/valuable feature, I0Coin's 1.5 minutes or GeistGeld's what, ten seconds, fifteen seconds, or whatever, would surely be fast enough? Many claimed that GeistGeld is in fact TOO fast.

There is no need to sacrifice security for speed. If you think speed is important, how fast do you need? If 1.5 minutes is enough, use I0Coin. If you need almost-too-fast, use GeistGeld.

The main reason fewer merged mining pools merge I0Coin and/or GeistGeld than merge the slower-blocks coins is that consumers have not actually shown enough preference for higher speed, as indicated by the transaction fee volumes of the higher speed coins.

-MarkM-

Look this all goes over my head, I'm not a miner, nor am I a programmer, I barely understand the technological basics of Bitcoin as it is. But as an INVESTOR, stuff like this does not give me confidence in crypto in general. Knowing I could make an investment in a coin that could be wiped out overnight by petulant man children is scary to me, at least with the shitcoins I recognize the risk, can research the origins and make an educated decision on whether I want to put my money there. But stuff like this, all it takes is a day or two of some tribal conflict to make things go sour within hours.

Your crew says I should go invest in Bitcoin or LTC because they are "the first" and "the best", well sorry but if the future of Bitcoin is going to be run by you guys, i'll take the Jamie Dimons of the world over this sociopathic behavior.

Bullshit.

If you design a better coin, merged mining pools will happily add it to their merge, granting it the same massive security enjoyed by all the merged coins, to the extent that they have enough valid useful improvements to get added to the merge.

So, instead of promoting bitcoin, the very first and strongest cryptocurrency that is intended to spread financial freedom around the world, someone is trying to push a utopian commie-coin 50% of which was pre-mined.
Instead of supporting international approach, they want to earn points with nationalism based currency. Good luck with that.

I really feel for those naive Icelanders who invested in this pseudo-national coin, that ended up as yet another pump and dump scheme.

Don't you think that distributing 50% of pre-mined coins among country population is socialistic or even communistic approach ?
I know several examples of similar asset distribution in post-commie countries in the past and every of these approaches was doomed to fail and lead to economic collapse. Most of the public assets ended up in pockets of a few oligarchs.

But yet you want people to only invest in Bitcoin & Litecoin, just because it has more miners on it to protect their broken system, that makes no sense. This is nothing else but a turf war, end of story.

If your argument is that proof of work is a broken system, arguing in favour of more proof of work blockchains is idiotic.

-MarkM-

Talk about drinking the Kool-aid, if you have a broken front door and the only way to keep people from breaking in is to form a human chain around it, guess what, the front door is still broken.

Everyone on the entire planet got screwed over by the banking crisis! Even goatherders in Africa felt it's effects. And many depositors in Britain and the Netherlands got screwed over by Icelandic banks essentially stealing their money and then they got screwed over again by the Icelandic govt refusing to honor the guarantee that they'd freely given for those deposits!

So the idea that Icelanders are poor things, worse victims than everywhere else is quite wrong. And the idea that they are a special case and should be given free money and it's not their fault for being too lazy to do some mining on an old computer... words fail. This is not like mining bitcoin, there was so little difficulty that anyone could have done it if they wanted to.

Look - if you don't want to trust your government to defend your currency, and want to create an alternative, you have to do the defending yourself. Just being passive and expecting everything to be done for you, foreign people to mine it for you, foreign people to develop it, foreign people to secure the blockchain, people in panama to do airdrops ... come on! This is not how the world works.

Also - auroracoin wasn't hacked, it was attacked. This is the crypto version of attacks that go on in the forex markets eg the attacks on the euro, the currrent forex attacks on the rouble and the brazilian real. This is how the world works, how it will always work. But you can defend yourself, if you can be bothered...

It seems you do not like EU on one side and promote an "international" currency that is bitcoin. I can't find a link between communism and Aurora, I can just see free market forces working at its fullest - it's in the hands of the Icelanders to decide wether or not Auroracoin is a scam, pump and dump asset, a currency and what not. Most of the criticism that receives Aurora today remembers me of... bitcoin's early days.

If you follow closely AUR, you'll see that 20 stores already accept it over there, that a car has been sold for AUR and that the USD/AUR price is not the same as the one quoted in cryptsy or mintpal.

Let's wait and see what happens in the coming months, there may be some surprises..

Bitcoin has more SHA256 hashing power than the whole rest of the world all put together, That is why bitcoin hopes maybe to be secure.

How many history lessons are we going to get from Icelanders over and over again about their economy?

So the idea that Icelanders are poor things, worse victims than everywhere else is quite wrong. And the idea that they are a special case and should be given free money and it's not their fault for being too lazy to do some mining on an old computer... words fail. This is not like mining bitcoin, there was so little difficulty that anyone could have done it if they wanted to.

Look - if you don't want to trust your government to defend your currency, and want to create an alternative, you have to do the defending yourself. Just being passive and expecting everything to be done for you, foreign people to mine it for you, foreign people to develop it, foreign people to secure the blockchain, people in panama to do airdrops ... come on! This is not how the world works.