Topic: IOTA - Permissioned ledger Russian extortion scheme - page 9. (Read 20168 times)

Im right here. No hiding. Guess what? No one cares about all your trolling, crybaby.

For those just tuning in...

Cryptohunter knew about this "stealth" ICO. The PROOF is the fact that he actually posted in more than one Iota thread prior and during the ICO.

As we can all plainly see, he's not too bright. He didn't invest.

Then, he begged incessantly for a 2nd ICO. When he didn't get his way, he tried to convince the Iota devs to change their mind by creating a poll. When that didn't work, that's when he started trolling, making silly topics, and becoming an all out pest.

Regardless of proven facts, he continues to push the theory that the ICO was "hidden" from the public.

He talks about how there were no Iota threads on the "main board" even when his posts are in them.

He seems to think a story in CoinTelegraph is non-existent.

The ICO wasn't long enough even though it lasted a MONTH.

He says it has poor distribution while it had over 300 investors and raised over $500,000 dollars.

He refers to a poll that has an imaginary 50% of the voters saying that Iota is a scam. And...you guessed it... there isn't one.

All of this while Iota has been mentioned by Forbes magazine, has received a grant, and was added to Microsoft Azure before it even launched. And there is more.

 If he would just spend his energy doing some chores around the house and cleaning his room in the basement, maybe his mother would give him some money so he could invest in his prized Iota.

He could still make a killing.

Instead he rants and raves about its value being 30x the ICO price. If he would spend some time learning more about the potential of IOT and how Iota will play a big part in it, he would still be able to make 100 times his investment by the end of the year.

But no, he will stick his fingers in his ears and yell, nah nah stealth scam NXT2 - NXT3 etc etc and then bitch that Iota stole his Xmas!!

So now you're up to date on the Cryptohunter debacle!!

I feel like that Bluemeanie guy is bound to show up any second.  It will probably turn out he invested in IOTA and him and CFB are on the same team again.

never have I seen so many sock puppets and posting ninjas promoting one scheme.

why hide... be yourself. Only shame can explain this stealth posting.

It doesn't really even matter if it's profitable or not.  You can define Bitcoin in one sentence:

The purpose of mining is to create a permanent two way peg, decentralized exchange, which thus results in a permissionless system.

The economic incentives are a side issue, but seem to work thus far.  It's designed to bounce back and forth between profitable and unprofitable.  The fact that it's deflationary creates a time opportunity cost reward to generally remain profitable over the long haul.

But as it pertains to this thread, we are obviously missing those elements here, and Come from Beyond, who is supposed to have a 4000 IQ, is unable to come up with any sort of argument whatsoever.

Which only 0.001% of the population can participate in profitably. And it ceases roughly 2033 or unless transaction fees scale up but there is a Tragedy of the Commons dilemma there as well.

How about actually try to address the last post I made.  Removing permanent coin turnover from Bitcoin is obviously a fatal flaw.

This is bullshit and you know it.
A bet is not a bet if you just demand payment without putting your own money on the line.
Get escrow and lets do this already.

The network effect is a double edged sword that causes this extortion/coercion in a system that isn't permissionless.  In Bitcoin, you can go straight to the system itself and pluck the money off the tree.  It never ends, you can always do this.  It has removed friction from the economic system by removing the ability of the middle men to insert themselves and extort you.  The fact that it has permanent coin turnover means Bitcoin is essentially always running a decentralized exchange in the background to allow you to always bypass humans and you will always be paying fair market price.  In permissioned systems, that's not the case.  Most people don't even realize Bitcoin has it's own decentralized exchange, but it does.

Since, like I said, money is a unitary instrument, an engineering problem to create a decentralized price peg so that you can say 1 hat = 1/10th a chicken, the entire purpose of money's existence is to become a monopoly.  If the money is built by design as a permissioned ledger, it's usefulness to any person or nation on earth will be minimal and negative if it was to become a monopoly because it's too wide open to abuse.  It will either not be adopted at all, or scammers will try to force it onto people to extort them.  A permissionless system would have mutual value for all parties involved.

As for the company stock example, there are few companies that make things all humans are required to have.  When they arise, they're usually referred to as "monopolies" and broken up by laws, pitchforks, whatever.  The company isn't exactly the same category as "permissionless currency".  The main reason a country would want to resist a real permissionless currency, is so they can do things like devalue it to raise their exports, thus cheating other nations via currency wars.  There is a Nash equilibrium in every country adopting the permissionless currency to prevent each other from doing this.

What about company shares which are freely traded on exchanges. System of extortion by default?

It matters because any system that isn't a permissionless ledger is a system of extortion by default.  Somewhat explained in the following quote, then real world example after:

Ok IOTa is permissioned ledger. So what? Why does it matter?

Is permissioned ledger same thing as private blockchain?

This is what a person with a low IQ and/or incomplete understanding of the holistic analysis of block chain consensus would conclude.

Rather Iota actually devolves to either a proof-of-reputation or centralized proof-of-work because of the loss of the Nash equilibrium which I explained upthread, thus forces centralization in order to force convergence over choices of conflicting DAG branches. How this centralization is maintained will determine whether it is via reputation of which servers payers and payees trust (if these servers can sign these transactions somehow perhaps) else devolves to who has the most efficient ASIC mining farms same as for Bitcoin.

Hm, the answer is pretty obvious, but ok.

Sorry I am not going down the complexity class rabbit hole today. I have other work I need to do.

Let's assume that P = NP. Does it mean that it's possible to revert any hashing function?

I may be very close to doing that. I haven't had free time to pursue what I laid out already.

Genius is a lot about being able to look problems in ways and detect features that most others miss. I been doing that habitually throughout my life. Again a 150 IQ is only one-in-a-thousand rarity, so it isn't like every genius becomes the next Bill Gates. Michael Jordan, or Steve Jobs. That requires functional intelligence and also other attributes such as extreme competitiveness, intense focus and discipline, etc.. IQ tests can't measure all these attributes. At the far right of the bell curve, IQ tests may have very little predictive power and be essentially the same as a random number. So my thought is an IQ test has exponentially less and less predictive power above a 'g' of roughly 130 or so.

---

Make it clear who the "you" is you are referring to, i.e. the one who responded to my factual argumentation about Iota by making ad hominem attacks on my capabilities on my own projects (as if that is at all relevant to the facts of Iota):



I explained this to MadCow yesterday:

I used negation of your own definition. But now it doesn't matter anymore.

You never gave descriptive enough betting nomenclature for the first bet for anyone to accept.  For the second one I said sure, still awaiting payment:

r0ach hasn't accepted the bet showing that his words are worth nothing. So be it.

You are in the wrong forum.