actmyname (Legendary)(skip past post)Questions:
1. When and why did you become interested in cryptocurrencies?
"I think it was around late 2014 or early 2015 that I started hearing about Bitcoin, probably due to some loose news from post-Gox FUD. One of the first things that I tried was a faucet (of
course) since we all love exchanging electricity for fractions of pennies, and I wouldn't find Bitcointalk until months later. Even after experimenting with it shortly, I had no desire to tinker with it any more since I only had a very rough understanding of the technology: I knew how to spend Bitcoin, and I loosely knew how blocks were handled and mined. It wouldn't be until far later in the summer of 2015 that I actually decided to look into the technical details of Bitcoin's design. After reading the Developer Guide on Bitcoin.org? I was fascinated."
2. When and why did you buy your first bitcoin?
"It wouldn't be until late 2018 that I actually decided to spend fiat for Bitcoin. Most of the coins that I held up until that time were all from services, contests, or sales and profits. I decided that I wanted to buy some more
collectibles. Shiny rocks have aroused the curiosity of mankind for ages, and it won't stop even if we digitize our money."
3. How did you get on the forum?
"Honestly, I can't remember the reason I ever joined. I took a huge break from before I decided to actually start posting anything significant."
4.1. You actively participate in the discussion of reputation issues on the forum. In your opinion, is the DT system fair or has flaws?
"Fairness, justice, it's difficult to define these terms so those pedantic peters will have to excuse the lack of rigor when I say, the DT system is unfair, flawed, and absolutely chaotic.
Imagine you are developing a society and you consider the options. Your previous attempt at a government was a small group - a selected council of members hand-picked by yourself. These members were the absolute measure of trust when it came to your society, and thus those that they trusted directly were deemed to have a holy judgment. Those secondary members too became powerful rulers of the society, and you had a three-layered structure for how the average citizen trusted others.
Now, you have changed the system. Rather than self-appointed rulers, you decided to create a popularity system. This system was designed to create a numerical value for the popularity of individuals, to determine if their opinions were worthy to be appointed a new rank. This was weighted by a factor of 1:2. For each point of popularity you gave to someone, they could only give out half back to someone else. To create a parallel to the previous system, you decide to appoint popularity leaders which can generate popularity points to send to others. However, the generated points cannot be directly sent to themselves.
The second part of this is now to determine your new government: The Tribune of the Hundred. It is difficult to shift members onto a new status quo, but you can do it by forcing participation at the risk of being shunned: to have a chance to be elected to the tribune, you have to take part in the trust experiment, by trusting others and being trusted by popular people. You also force these members to remain active on your main platform to generate more activity, and add in a clause that allows you to exclude members so that you can go back to the old system if necessary. It has been 20 months since the start of this government, and you notice that the number of people that are given absolute trust has grown massively. In fact, the old system which allowed you to view a detailed listing of all members in your government has grown in size to such a degree that you fail to load the list. No problem!"
4.2. How do you think mass advertising of gambling projects has a positive effect on the development of the forum or harms the community?"Gambling as an industry is a net negative. I think anyone who advocates for gambling without being aware of that is being absolutely willfully ignorant. It's a zero-sum game, and it's favored towards the house: it's an incredible form of wealth redistribution from the poor to the rich. I think, though, gamblers are a sticky bunch. They enjoy losing and they enjoy the culture of gambling, which can serve as some consistent traffic - it also does help that the forum gets a lot of ad money from those sites.
But let's not stop at gambling. What about the fact that the forum has an Investor-based games board? It's like saying, 'yeah, but I
had to give my kid a chocolate bar or else he wouldn't stop crying!'
Right..."
5. What do you think of the current Merit system and signature campaigns? Do they harm the forum?"Merit, no. Signature campaigns, yes. It's obvious, and people can try to equivocate and try to distance themselves from the whole spam front, but if you take a look at most of the forum discussion threads, they are so abhorrent that if you gave a 1.1x return on if a random post was spam or not you would be broke within hours.
The altcoin bounties need to be scrapped. They are a 0-cost way for developers to make a quick dollar and spam up the forum. Seriously."
6. The most useful forum topic? Most helpful users?
"
[EDU] How to spot a scammer (Read this before doing any transactions!)Why this one in particular? Because the people that need the most help are the ones who don't know how to avoid scams. This covers 90% of cases.
@LoyceV is helpful but his oceans of data threads take up all the space on my screen.
@marlboroza is helpful and meticulous in investigation, but his quote spacing is like that of a child.
@mprep is helpful and one of the most valuable members of Bitcointalk. I think the forum would be significantly worse without their presence. That being said, he banned me once so we clearly have to be arch-enemies for eternity.
@TwitchySeal is helpful but his incredible skill with scam-busting is obviously the development of an obsession which was catalyzed by a childhood event: probably something involving clowns!"
7. 3 things you would implement on the forum?
"You need to maintain privacy standards on the forum, which I respect theymos for doing. Additionally, the security concerns are valid and preventing those features from being problematic makes sense in their disabling. I miss that stats page, though - you could sleuth out some suspected alts with more circumstantial evidence, keeping track of their activity.
I would make the search function better. The current way it works is at a thread-granular level, meaning that it cannot comb through individual messages within a thread that contain your key words. That's absolutely unacceptable.
Better mod and reporter tools would probably help to curb spam more. After all, the 4 second delay has already impacted my efficiency.
And the Bounties section is going to go."
8. Do you trade on exchanges or invest in projects?
"No. Trading is for gamblers or wealthy people and investing in someone else's business means that you're taking the opportunity cost of not doing exactly what they are."
9. Tell a story about your big profit or big loss?
"It's hard to come up with a particular situation, since most of my movements are very shallow - I try to play +ev positions without embracing too much volatility. There have been a few times, however, where my team's card counting equity was 8x that of the statistical expectation for the week. I suppose those would be the big profits. No amounts, sorry
"
10. What do you think about the DEFI ecosystem?
"Possible to function but you need clever engineering to reduce the cost. Not I nor the 99.9% of people in this forum that don't have deep technical knowledge should be inclined to start appraising it."
11. Is your anonymity a vital necessity or precaution?
"In a perfect world, anonymity would be no different from reality. In such a world, anonymity would be a vital necessity for society to function. For this world, it is a precaution. However, truly think to yourself whether anonymity being a precaution dictates a situation that is better than it being a necessity."
12. The last cryptocurrency book you read?
"
Mastering Monero."
13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?
"BTC. XMR. The other coins I have deemed either irrelevant or I have insufficient knowledge of their (hopefully) useful protocols to determine their value."
14. How much will Bitcoin cost at the end of 2020?
"I am expecting 12600-13800 levels. Fairly optimistic."
15. P.S. (Optional)
"Read and be forcibly pedantic to yourself, but charitable to others. I may have been quite cynical in this one, so I look forward to corrections."
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