[...] The only real metric one can apply is if it fulfills any sort of Nash equilirbium in both economics and technical merit, since they are both intertwined, [...]
Could you stop "raping" the term "Nash equilibrium"?
Thanks.
Topic: IOTA - Permissioned ledger Russian extortion scheme - page 4. (Read 20175 times)
Could you stop "raping" the term "Nash equilibrium"?
Thanks.
The purpose of mining is to create a permanent decentralized exchange, which thus results in a permissionless system.
The only way to achieve this is to make mining unprofitable.You should probably clarify your statement with some kind of exception because you've said you don't think IOTA is a functional system, but that quote in the context of this thread gives the appearance that you endorse it when you obviously don't.
The purpose of mining is to create a permanent decentralized exchange, which thus results in a permissionless system.
And even better than Bitcoin will be the coin where those newly mined coins are mined by the millions and billions of users, not by few 100s of professional miners (which is where Bitcoin is rapidly centralizing to). The only way to achieve this is to make mining unprofitable. I've explained this design, yet so many people remain skeptical. I'll finish the 'plaining in a white paper after it is too late to copy the design.
Absent an automatic means in the economy where money naturally moves from the power law distribution wealthy back to the masses, then Socialism erects to do the job, which is then captured by the same power law which ends up in periodic 600 year Dark Ages.
It is time for something better. Even better than Bitcoin. At least we have a somewhat decentralized Bitcoin in the meantime.
I have work to do.
Yea right. You're trying to leverage spam for security/convergence. The spam also does not allow you to acquire native tokens, so that bet was won by me. IOTA is the functional equivalent of a closed entropy system. Anyone who has followed this thread and read my points can figure it out.
No, you lost but I'm not in a mood to explain you basic things of mesh networking. Try Bing.
You will eat your words. Did you see how me + Anonymint posted against Ethereum and then it took weeks later until people like Maxwell came out of the closet against it? (while you were still hyping the Eth scam I might add) I have already run these issues by many people after I made this thread, and they all see similar problems with the tangle/braid/DAG, whatever word you want to call it for the day. The problem is that it's difficult for these people to relate how the technical, computer science problems relate to the somewhat arbitrary concept of money being "legit", "a scam", or other words. The only real metric one can apply is if it fulfills any sort of Nash equilirbium in both economics and technical merit, since they are both intertwined, and IOTA clearly does not do so.
When I defined what Bitcoin is in one single sentence, which most people seem to be unable to do, you skipped over that fact because you completely removed what gives Bitcoin value in the first place. The fact that you don't understand what Bitcoin actually is or why it has value, means anything you create as a supposed improvement is obviously going to be ridiculous (unless IOTA was designed entirely as a scam to make money, then bravo).
The purpose of mining is to create a permanent decentralized exchange, which thus results in a permissoinless system. This is where the Nash equilibrium originates from, not just the consensus mechanism. It is a currency above all else. You have to fulfill both economic and technical merits at the same time. You have created a permissioned ledger extortion scheme, equivalent to a closed entropy, recursive system, or federated chain named "GoldmanSachsCoin". There is no functional difference.
Yea right. You're trying to leverage spam for security/convergence. The spam also does not allow you to acquire native tokens, so that bet was won by me. IOTA is the functional equivalent of a closed entropy system. Anyone who has followed this thread and read my points can figure it out.
No, you lost but I'm not in a mood to explain you basic things of mesh networking. Try Bing.
As for the SMS spam...
Looks like you are a trader and don't know current challenges of cryptocurrencies. Let's stop there.
Yea right. You're trying to leverage spam for security/convergence. The spam also does not allow you to acquire native tokens, so that bet was won by me. IOTA is the functional equivalent of a closed entropy system. Anyone who has followed this thread and read my points can figure it out.
As for the SMS spam...
Looks like you are a trader and don't know current challenges of cryptocurrencies. Let's stop there.
You want to bet what? That IOTA is not a permissioned ledger in the way I have defined what a permissioned ledger is? Who is supposed to be the judge of that? Your English is not quite up to par to articulate viable betting nomenclature...
Valid point about English... Well, look at this:
Iota can be usable even having 0 iotas. The main purpose is messaging in IoT. There is a problem in all mesh networks now (and in Bitcoin network too) - absence of incentive to broadcast someone's data packets. In Iota if you retransmit my packets you get benefit of increased security and faster confirmation of your own transactions. So, does ability to use Iota messaging make it permissioned or permissionless Russian extortion scheme?
Well, blockchains are useless without a native token of value that supports a Nash Equilibrium. This is why GoldmanSachs can't create a federated chain, closed entropy system, permissioned ledger called "SachCoin" and bypass us all in Bitcoin. It seems like you're talking about using some type of SMS-like system in order to prop up the native token. This is kind of backwards game theory that seems like you're relying on something akin to spam of no value, or "proof of propagation" at best to try and find convergence. I'm aware you believe people attempting to double spend increases the security of tangle, but this is more equivalent to mindlessly widening the DAG. Anyway, that's entirely an unrelated issue to this thread!
IOTA is supposed to be a currency, not a spam network for teenage girls. You're basically claiming that since I can spam your network for free (you can spam attack anything for free), that this somehow makes it not a permissioned ledger. Spamming your network does not allow someone to acquire native tokens, so that is a bet I would win. IOTA is still in the same permissioned ledger category without a Nash equilibrium that any banker might produce.
As for the SMS spam providing any value to security, I'm not seeing it. Maybe Fuserleer or Anonymint can comment further since it's probably something they've stumbled over in the design process. (Although I believe everything I have described as a negative for IOTA also applies to Emunie)
You want to bet what? That IOTA is not a permissioned ledger in the way I have defined what a permissioned ledger is? Who is supposed to be the judge of that? Your English is not quite up to par to articulate viable betting nomenclature...
Valid point about English... Well, look at this:
Iota can be usable even having 0 iotas. The main purpose is messaging in IoT. There is a problem in all mesh networks now (and in Bitcoin network too) - absence of incentive to broadcast someone's data packets. In Iota if you retransmit my packets you get benefit of increased security and faster confirmation of your own transactions. So, does ability to use Iota messaging make it permissioned or permissionless Russian extortion scheme?
If this knobhead (tptb) hates it. Invest with both fists and dick. Only way to not end up poor.
Clearly wrong. It is entirely feasible to pass on investment opportunities, even if they are reasonably good ones (and I'm not saying this is), pursue others, and not end up poor.
I'm reasonably certain that you are more likely to end up poor if you overinvest in this than if you ignore it.
But at the end of the day, both you and I know what I say is right.
I can make an exception for you and repeat my offer of that bet. But it will be 100 BTC this time. Do you accept this or it's just yet another bullshit? You have 24 hours to decide.
You want to bet what? That IOTA is not a permissioned ledger in the way I have defined what a permissioned ledger is? Who is supposed to be the judge of that? Your English is not quite up to par to articulate viable betting nomenclature...
But at the end of the day, both you and I know what I say is right.
I can make an exception for you and repeat my offer of that bet. But it will be 100 BTC this time. Do you accept this or it's just yet another bullshit? You have 24 hours to decide.
Someone has accused me of being Anonymint 3 times, Fontas twice, and Come from Beyond once.
r0ach don't be shy to share your portrait, lol:
Come from Beyond was trying to pump Eth too. He will not admit if it's because he was invested or due to his fellow Russian running the scheme (maybe both).
I see you have finally given up and now are posting bullshit just to pretend you don't care about the recent hit on your reputation. Looks like you are the only person who doesn't see how pathetic you look.
Someone has accused me of being Anonymint 3 times, Fontas twice, and Come from Beyond once. So I guess I should stop calling this coin a scam if some random guy from Africa thinks I made it. But at the end of the day, both you and I know what I say is right. This is not an actual decentralized currency due to the facts stated in this thread, the world would be better off if it did not exist, and the only purpose of this coin is:
If this information was not released before the coin is, it would be just like NXT where it gets some brief rise then collapses to nothing, drawing money away from legit coins, of which, there's only like three of them total and that's if you include BTC (no, eth is not one). So if coins that are fundamentally broken or just outright extortion schemes are allowed to exist, you're trying to force people into playing greater fool games when they could be making something rise that's not an actual pump and dump and will still exist a year from now. Even pump and dumpers don't want to buy coins with no intrinsic value. Nobody wins when coins like this exist (except maybe you).
Come from Beyond was trying to pump Eth too. He will not admit if it's because he was invested or due to his fellow Russian running the scheme (maybe both).
I see you have finally given up and now are posting bullshit just to pretend you don't care about the recent hit on your reputation. Looks like you are the only person who doesn't see how pathetic you look.
Come from Beyond was trying to pump Eth too. He will not admit if it's because he was invested or due to his fellow Russian running the scheme (maybe both).
If this knobhead (tptb) hates it. Invest with both fists and dick. Only way to not end up poor.
What happened when you were saying that when I called the exact top of ETH at $15 and warned a month in advance it would bounce off $7.
If this knobhead (tptb) hates it. Invest with both fists and dick. Only way to not end up poor.
Lighten up man, the prior two posts of mine were jokes.
Google search engine doesn't get these nuances. When someone googles for your name he will see it together with "racist".
Sorry, but "Belarus" isn't a race, and there are only three main haplogroups of humans, of which, likely most posting in this thread are haplogroup N. Don't try to pull some SJW routine (who the fuck pulls an SJW routine while living in Eastern Europe???) against an audience that didn't just fall off a turnip truck.
Haha r0ach!
Here is the racism (against the human race) we are really fighting (make sure you watch until the video of Dick Gregory ensues):
https://www.youtube.com/watch?v=4UkSIcm_y7Y#t=68
Damn, Prince died
Prince - Dreamer
Was Prince an Illuminati sacrifice?
Lighten up man, the prior two posts of mine were jokes.
Google search engine doesn't get these nuances. When someone googles for your name he will see it together with "racist".
Sorry, but "Belarus" isn't a race, and there are only three main haplogroups of humans, of which, likely most posting in this thread are haplogroup N. Don't try to pull some SJW routine (who the fuck pulls an SJW routine while living in Eastern Europe???) against an audience that didn't just fall off a turnip truck.
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