Apparently he will not be making any Bitcoin killer because he has quit due to declining health.
Really, anonymint quit his project due to bad health, that's bad news, I feel for the guy!
Topic: Do you think "iamnotback" really has the" Bitcoin killer"? (Read 79977 times)
Really, anonymint quit his project due to bad health, that's bad news, I feel for the guy!
Apparently he will not be making any Bitcoin killer because he has quit due to declining health.
Apparently the 6 months of liver toxic TB antibiotics in H1 2017 was too destructive to his liver or something such that his health has continued to decline since "curing" the TB. The link I provided links off to more details.
Even if it were possible to do what shelby claims (which I highly doubt), 100% of miners have locked into segwit which means there will be 0% hash power on the old fork because 100% of miners have committed to mine on the new fork.
Basically, the old fork will be dead, everyone having moved over to the segwit fork, so the point would be moot anyway.
FYI you may not realize he posited that an understanding of Gresham’s law and economic game theory obviates your logic?
Indeed that is the essence of the posited argument.
He wrote a scathing critique of Radix last year:
https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers-part-3
And he has a scathing critique of Ethereum’s Plasma and Parity’s Polkadot some 3+ years after that group started their R&D on scaling.
How many of you purchased at $6 when he first suggested buying LTC and sold at the peak of $350?
How many of you went long on the crypto markets in late January when he predicted the current rise?
Presumably not you given that apparently was your reply to his suggestion?
@thejaytiesto, couldn’t you grant his request by now and not continue to drag his name into a thread like this when he is gone, it’s no longer applicable, and he is unable to respond?
A think my poor health is the main reason for slow production. Coding is something that is fun but it is intense (if done well) and that intensity appears to be incompatible with the illness I have. I am not even exactly sure yet what illness I have, but whatever it is, it interferes with the energy level in the brain that enables that voracious mental activity that makes coding fun.
I will try to explain it with analogy. Would an NBA basketball player enjoy competing if he had become paralyzed from the waist down and now gets around in a wheelchair.
This is why I have been doing what I can do mentally, and design + conceptual analysis is less detail oriented than coding. Coding requires a lot of energy to keep 100s of tiny details in your head as you go forward. I have difficulty with my memory (battling with delirium) and thought processes because something in my liver disease and in theory digestive system is interrupting the energy needed for my body to function normally. Chronic Fatigue Syndrome is incredibly debilitating.
That is why I have been putting so much effort into trying to solve my health problem, because I know I don't feel the same as when I used to code voraciously. And I am trying to get back what I had before.
I seem to do much better when I stay off the computer and do exercise all day.
I will try to explain it with analogy. Would an NBA basketball player enjoy competing if he had become paralyzed from the waist down and now gets around in a wheelchair.
This is why I have been doing what I can do mentally, and design + conceptual analysis is less detail oriented than coding. Coding requires a lot of energy to keep 100s of tiny details in your head as you go forward. I have difficulty with my memory (battling with delirium) and thought processes because something in my liver disease and in theory digestive system is interrupting the energy needed for my body to function normally. Chronic Fatigue Syndrome is incredibly debilitating.
That is why I have been putting so much effort into trying to solve my health problem, because I know I don't feel the same as when I used to code voraciously. And I am trying to get back what I had before.
I seem to do much better when I stay off the computer and do exercise all day.
he is doing much better. he is in the last month of that 6 month drug regime.
Last thing I heard is, he is recovering from the meds
AND, his health should finally be coming back to normal, and now finally hes looking like hes busy coding.
Apparently the 6 months of liver toxic TB antibiotics in H1 2017 was too destructive to his liver or something such that his health has continued to decline since "curing" the TB. The link I provided links off to more details.
The crypto market is undergoing a painful Scalepocalypse metamorphosis as n00bs come to understand their idol Satoshi was an evil motherfucking genius.
So this cognitive dissonance is causing them to rail against Bitcoin (USAF nonsense, etc), and so they will be served up some event which steals their tokens to silence them so Bitcoin can move forward without the deadweight.
So this cognitive dissonance is causing them to rail against Bitcoin (USAF nonsense, etc), and so they will be served up some event which steals their tokens to silence them so Bitcoin can move forward without the deadweight.
And I don't believe for a second none of them are aware of the potential disaster described by anonymint, so why are they ignoring it? Maybe they consider it only a theoretical risk that can never happen in practice? It just seems strange to me, that all of them are willing to gamble with their reputation, hoping that nothing goes wrong.
Even if it were possible to do what shelby claims (which I highly doubt), 100% of miners have locked into segwit which means there will be 0% hash power on the old fork because 100% of miners have committed to mine on the new fork.
Basically, the old fork will be dead, everyone having moved over to the segwit fork, so the point would be moot anyway.
FYI you may not realize he posited that an understanding of Gresham’s law and economic game theory obviates your logic?
This problem has been pointed out to core devs almost since SegWit was A Thing. They acknowledge that it is technically possible, but they ridicule any notion that it is a practical risk. I believe they are gravely mistaken. The risk is unacceptable. While perhaps small initially, the risk grows unboundedly with the cumulative UTXO ever used in segwit transactions.
Indeed that is the essence of the posited argument.
If anything is a bitcoin killer its Radix but I can't see bitcoin dying it will survive as an asset based investment.
He wrote a scathing critique of Radix last year:
https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers-part-3
The only project currently that really aims to solve the scaling problem is ethereum, all other projects have some sort of very limited scaling.
My stance is that Ethereum's current track with Casper is exactly where I want them to be, because they are building a clusterfuck of Rube Goldberg complexity with hidden security holes they can't see.
Ethereum is a (currently flawed) visionary concept, but my expectation is the execution is going to be more of the same as what we already have observed. Until you change the leaders, don't expect a different result. Vitalik has demonstrated already what he is good at and what he is not. The track record is there and my fundamental understanding of Byzantine agreement as it applies to Casper indicates to me more of the same is underway. However, Vitalik is young and smart, so he may adjust his methods. We will see.
[…]
Casper isn't even designed and vetted. Once they write it down formally and the vetting begins, that is when it will become clear that it is a clusterfuck of security holes. More months of wasted time before they even write it down formally.
Ethereum is a (currently flawed) visionary concept, but my expectation is the execution is going to be more of the same as what we already have observed. Until you change the leaders, don't expect a different result. Vitalik has demonstrated already what he is good at and what he is not. The track record is there and my fundamental understanding of Byzantine agreement as it applies to Casper indicates to me more of the same is underway. However, Vitalik is young and smart, so he may adjust his methods. We will see.
[…]
Casper isn't even designed and vetted. Once they write it down formally and the vetting begins, that is when it will become clear that it is a clusterfuck of security holes. More months of wasted time before they even write it down formally.
Ethereum's Casper shit is more of the same proof-of-stake (nothing-at-stake or centralization by economic weight, e.g. DPoS) nonsense. The betting stuff enables what Vitalik refers to as "dark uncles" or "dunkles", which Vitalik incorrectly thinks will solve the nothing-at-stake problem. Also Casper has the problem that all deterministic finality PoS and Byzatine agreement systems have, which is a 33% liveness threshold which if that many validators balk or stop processing, then the chain can't move forward without a hard fork.
And he has a scathing critique of Ethereum’s Plasma and Parity’s Polkadot some 3+ years after that group started their R&D on scaling.
Apparently LTC will likely be a hedge against the coming BTC decline. Go long LTC (Litecoin) now.
How many of you purchased at $6 when he first suggested buying LTC and sold at the peak of $350?
How many of you went long on the crypto markets in late January when he predicted the current rise?
My self-delusion meter, just broke!
Presumably not you given that apparently was your reply to his suggestion?
OP I would very much appreciate if you'd lock the thread.
I didn't demand. I asked the OP to consider closing the thread, because he created a firestorm that is wasting my time as every anonymous pinhead comes in here to tell me how much they idolize the pinheads who destroyed Bitcoin.
Why? Because I didn't make any announcement thread. I am sincere enough to come here and answer questions honestly even though it is all premature.
And I could see that the thread was turning into a pinhead fuckfest of irrelevant, unprofessional, juvenile noise.
Why? Because I didn't make any announcement thread. I am sincere enough to come here and answer questions honestly even though it is all premature.
And I could see that the thread was turning into a pinhead fuckfest of irrelevant, unprofessional, juvenile noise.
@thejaytiesto, couldn’t you grant his request by now and not continue to drag his name into a thread like this when he is gone, it’s no longer applicable, and he is unable to respond?
I don't know if the guy really can make the bitcoin killer but it seems he thinks he can at least and will try to invest my last few bitcoins into it as a last hoorah to the idea of crypto.
At my request about progress updates, it has been communicated to me that the developer of the proposed project (aka Bitnet) will inform someone to make a post in this thread when there is a decentralized discussion forum available for the project.
Thanks for input. I cant wait to see all of this in code and see it running in the wild. That is the final test.
This thread is turing into a virtual hospital bed for the sick and confused.
Yas, Im also quite curious about this matter. This thread is turing into a virtual hospital bed for the sick and confused.
Hey Traxo,
Can you ask Shelby when he plans to publish his project? Will it be in 2018? Because his plan was to do it end of 2016.
Can you ask Shelby when he plans to publish his project? Will it be in 2018? Because his plan was to do it end of 2016.
I just asked him in private chat. Here's what was conveyed to me.
Please refer to the links in his most recent blog about the illness that slowed him down so much.
He has been seeing a very slight and gradual improvement in his gut health in 2018.
Remember it was in 2017 that he did the 6 months of very liver toxic antibiotics for curing the Tuberculosis.
He is 53 this June, so it's a difficult recovery for him considering that his gut was already messed up (perforated acute ulcer that burned his internal organs with stomach acid in 2012) and numerous tropical infections he accumulated such as Dengue, etc..
He was also prescribed 24 days of fluoroquinolones in 2012 which are known to cause long-term side-effects.
He has problems with his Achilles tendons now which is one of the known long-term auto-immunity impacts.
Those antibiotics basically destroy athletes.
Probably why we are seeing so many ruptured Achilles tendons in the NBA now and can be due to the dye they use when doing MRIs routinely which accumulates in the brain.
Anyway, his health was in a mess, yet he is still athletic even for his age and trying his damndest to fight and recover.
He just started taking baking soda (see this: https://medicalxpress.com/news/2018-04-soda-inexpensive-safe-combat-autoimmune.html), to try to mute the autoimmunity cascade (that will then cause sudden pimples on his face and chronic fatigue) he gets after every meal. For example, he mentioned the baking soda and gut health in recent discussion on Github.
He has cysts all over his spleen and liver and these cause episodes of chronic fatigue and brain fog that make it impossible to think and work.
As I said, his condition appears to be improving and he is gaining more and more consistent hours where he feels alert and can work.
And he recently completed 16 consecutive days of running and gym workouts (boxing, barbell, etc).
He got his 40 yard dash time back up to the low 5 second range which isn't too bad for his age and health condition.
So presuming his health continues to stabilize and especially with the baking soda treatment which he thinks is having a positive effect so far, then a 2018 launch is within the realm of possibility.
But if his health continues to slow him down as much as it still is even now, then not likely a 2018 launch.
He is sparing no minute or ounce of energy trying to willpower his body and also to try to find more suitable people to delegate to.
But it is very difficult to find experts to delegate to because most people would rather work on their own projects because everybody wants to sell their own ICO.
The ICO bubble is killing any sort of rationality on the part of programmers and engineers.
The rational ones are staying in their existing careers and not shifting to blockchain work.
I will update you as the situation and prognosis changes.
When can you take my money?
When @anonymint remarked in chat that I would be able to brag that I am crypto expert (because of the knowledge of his I relayed recently), I joked to @anonymint, that I would pretend to be him, launch an ICO and then disappear to Kiribati. Lol.
For the record, @anonymint says there will not be an ICO. Instead there will be a decentralized onboarding which will enable speculators to obtain CRED tokens in the free market.
In my opinion it's already kinda past "early 2017". What is the "BTC killer" that iamnotback is talking about? Would like to see something that is ready to take down the system or at least bypass the system we r locked in and give freedom to the all of us.
crypto increasingly attractive in the world. increasingly tempted people will easily get the money, the more easily cryptocurrency has a high price.
@anonymint has written a comprehensive blog analyzing the extant projects and consensus ledger designs.
This exemplifies the depth of his research and expertise, as well pretty much points out that
there's nothing yet published in our industry which can achieve all three of: scalability, security, and decentralization.
https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers
This exemplifies the depth of his research and expertise, as well pretty much points out that
there's nothing yet published in our industry which can achieve all three of: scalability, security, and decentralization.
https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers
Thanks!!!
Indeed a populist sentiment includes the notion that it is against the best interests of all participants to do anything that kills the system. Which probably explains why our past known-majority miner (Discus Fish?) turned back from their position of mining majority without ever forming an attack from their assuredly-successful posture.
Hey Traxo,
Can you ask Shelby when he plans to publish his project? Will it be in 2018? Because his plan was to do it end of 2016. I know its hard to give a timeline to something that big, but atleast an estimated timeframe would be nice. Also is Cred still the name or did he just not change it in his recent articles?
Can you ask Shelby when he plans to publish his project? Will it be in 2018? Because his plan was to do it end of 2016. I know its hard to give a timeline to something that big, but atleast an estimated timeframe would be nice. Also is Cred still the name or did he just not change it in his recent articles?
@anonymint has split the recent blog into two parts because it exceeded the maximum length in bytes of a Steemit blog.
Part 2 now has a more complete explanation and analysis of how Byteball works which was extracted and improved from his CRED 2016 whitepaper rough draft.
Also an analysis of Hashgraph will be added:
https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers-part-2
Part 2 now has a more complete explanation and analysis of how Byteball works which was extracted and improved from his CRED 2016 whitepaper rough draft.
Also an analysis of Hashgraph will be added:
https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers-part-2
@anonymint has written a comprehensive blog analyzing the extant projects and consensus ledger designs.
This exemplifies the depth of his research and expertise, as well pretty much points out that
there's nothing yet published in our industry which can achieve all three of: scalability, security, and decentralization.
https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers
This exemplifies the depth of his research and expertise, as well pretty much points out that
there's nothing yet published in our industry which can achieve all three of: scalability, security, and decentralization.
https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers
Ethereum's Casper shit is more of the same proof-of-stake (nothing-at-stake or centralization by economic weight, e.g. DPoS) nonsense. The betting stuff enables what Vitalik refers to as "dark uncles" or "dunkles", which Vitalik incorrectly thinks will solve the nothing-at-stake problem. Also Casper has the problem that all deterministic finality PoS and Byzatine agreement systems have, which is a 33% liveness threshold which if that many validators balk or stop processing, then the chain can't move forward without a hard fork.
Major casper issues have already been solved, i think you're stuck with 2015 infos about casper. https://medium.com/@VitalikButerin/minimal-slashing-conditions-20f0b500fc6c
https://github.com/ethereum/research/blob/master/casper4/simple_casper.v.py
https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ
Also casper does not assume rational attackers, so if a 51% attack happens in POS, at curent prices, the attackers would have to burn 100-500mil $. In which case they would rather do it now than later because it would cost them 10 times less. With ~30$ mil you can even attack bitcoin.
@anonymint tells me in private chat that Vitalik hasn’t solved anything. Here are some of his initial thoughts:
https://medium.com/@shelby_78386/i-dont-see-how-it-s-plausible-for-parallel-forks-of-the-hash-chain-to-be-finalized-concurrently-cb57afe9dd0a
https://medium.com/@shelby_78386/first-apparently-youre-not-aware-that-the-casper-slasher-design-work-appears-to-be-fundamentally-c2a72d18f5fa
https://medium.com/@shelby_78386/the-caveat-though-is-that-when-the-attacker-can-fork-the-vested-interests-of-some-of-the-users-9340dd037a61
https://medium.com/@shelby_78386/ftfy-for-the-both-to-be-finalized-then-at-least-%E2%85%94-of-the-validator-set-of-the-parent-block-must-6da5da9197cc
https://medium.com/@shelby_78386/my-analysis-of-vitaliks-logic-doesn-t-allow-for-new-stakers-to-restart-the-stalled-chain-91016ee63587
And he says a new blog is coming that will detail many more flaws in the plans for sharding in Ethereum.
I have news for you folks. Vitalik Buterin is not a human being. He is an alien from a galaxy on the other side of the universe. He came here through a portal to save our world.
Again from @anonymint:
"After reviewing the above links, I think you will be sad to learn that Vitalik is human, fallible, and apparently quite inept at designing a new blockchain consensus algorithm."
@anonymint asked Elon Musk if he would like to collaborate:
https://twitter.com/iamnotback/status/1000312347485847553
@anonymint remarked:
"I know he won’t collaborate. I’m just trolling him because I presume he wasn’t imagining what happens when we decentralize his concept. Also I think he’s probably just political grandstanding. And I just want him to kick himself later. As Warren Buffett kicks himself for not buying Amazon."
EDIT:
@anonymint informed me that he added a very significant EDIT in the middle of that linked Medium post,
wherein he analyzed the OmniLedger (and Byzcoin) consensus ledger design in the context of his rebuttal of Vitalik's blog.
It turns out that OmniLedger is exactly the same as the design @anonymint had conceived of as of early 2016,
but he had discarded that design due to some flaws which he explains in the new EDIT.
He also explains how his current design improves upon those remaining flaws in OmniLedger and EOS.
@anonymint was dragged into a debate/discussion about why all extant consensus algorithms are winner-take-all centralization.
It is worthwhile to read that debate/discussion because it will give readers insight into why his project could be so important
and also educate readers on the flaws in extant consensus algorithms and crypto projects, including but not limited to the flaws in Bitcoin's proof-of-work, Hashgraph, side-chains, Cosmos, NEM, Lightning Networks, block size debate, Iota, Raiblocks, DPoS that powers Steem & EOS, etc.
Specifically the last few posts of the debate very educational.
IMPORTANT:
in a shocking debate with Martin Armstrong and including Tom Luongo's blog which was featured on ZeroHedge today,
@anonymint has today explained why Bitcoin is already the defacto new international reserve currency and the implications.
It is worthwhile to read that debate/discussion because it will give readers insight into why his project could be so important
and also educate readers on the flaws in extant consensus algorithms and crypto projects, including but not limited to the flaws in Bitcoin's proof-of-work, Hashgraph, side-chains, Cosmos, NEM, Lightning Networks, block size debate, Iota, Raiblocks, DPoS that powers Steem & EOS, etc.
Specifically the last few posts of the debate very educational.
IMPORTANT:
in a shocking debate with Martin Armstrong and including Tom Luongo's blog which was featured on ZeroHedge today,
@anonymint has today explained why Bitcoin is already the defacto new international reserve currency and the implications.
Great to see anonymint is still active in the cryptosphere, that guy is a true legend, can't wait to see his project launch, hope his health allows him to continue working on it.
I do not think anything about the fact that some kind of project can really damage bitcoin, because throughout the history there have been a lot of projects that were really populists, but they are still behind, and some simply did not become.
The hardest affair is always to find the error and its bottom line, change harder whether its intent into a movie try snap slab.
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