Leaked : this is going to be a huge pump once released

tokeweed

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Quote from: r0ach on May 17, 2016, 03:28:34 AM

Quote from: DecentralizeEconomics on May 17, 2016, 02:45:52 AM

Which is fair, because those who secure the chain do so in proportion to their holdings.

No, it just turns it into a permissioned ledger extortion scheme. That's why nobody thinks PoS is viable. Besides having worse security due to being a recursive system that only has to fail once for a permanent KO, it also happens to be as bad or worse than the monetary system we already have.

Hi, I'm the Winklevozz! Thanks for turning Bitcoin into proof of stake! Now I get a free yacht per day just for running a raspberry pi while everyone else has to work! I can then compound my interest to make two yachts per day next year!

PoS is like a Jewish money changer takeover of Bitcoin.

Quote from: tokeweed on May 17, 2016, 02:34:46 AM

What does that make your beloved BTS? Haha.

Nobody cares about NXT, Ethereum, or any other PoS coin.

Then stop whining. Haha.

r0ach

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Quote from: DecentralizeEconomics on May 17, 2016, 03:42:21 AM

And PoW is physical labor? I fail to see how PoS where the currency holders control the currency is worse than what is currently in existence. It seems that your main contention is with the distribution not the algo.

PoW is more of a dynamic futures market, while PoS is mostly just a permanent monopoly instead of futures. That's without getting into the fact that PoS security is also worse with no real fault or state recovery. As I said before, it took me a while to realize the consensus mechanism of cryptocurrency is a red herring. In reality, Bitcoin can be defined in one sentence:

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

Without having this outside entropy based decentralized exchange, you don't even have a decentralized currency in the first place, so screwing around with different consensus mechanisms is meaningless unless you have this. People like Vitalik are labeled geniuses but could not grasp this point.

DecentralizeEconomics

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Quote from: r0ach on May 17, 2016, 03:28:34 AM

Quote from: DecentralizeEconomics on May 17, 2016, 02:45:52 AM

Which is fair, because those who secure the chain do so in proportion to their holdings.

No, it just turns it into a permissioned ledger extortion scheme. That's why nobody thinks PoS is viable. Besides having worse security due to being a recursive system that only has to fail once for a permanent KO, it also happens to be as bad or worse than the monetary system we already have.

Hi, I'm the Winklevozz! Thanks for turning Bitcoin into proof of stake! Now I get a free yacht per day just for running a raspberry pi while everyone else has to work! I can then compound my interest to make two yachts per day next year!

PoS is like a Jewish money changer takeover of Bitcoin.

And PoW is physical labor? I fail to see how PoS where the currency holders control the currency is worse than what is currently in existence. It seems that your main contention is with the distribution not the algo.

r0ach

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Quote from: DecentralizeEconomics on May 17, 2016, 02:45:52 AM

Which is fair, because those who secure the chain do so in proportion to their holdings.

No, it just turns it into a permissioned ledger extortion scheme. That's why nobody thinks PoS is viable. Besides having worse security due to being a recursive system that only has to fail once for a permanent KO, it also happens to be as bad or worse than the monetary system we already have.

Hi, I'm the Winklevozz! Thanks for turning Bitcoin into proof of stake! Now I get a free yacht per day just for running a raspberry pi while everyone else has to work! I can then compound my interest to make two yachts per day next year!

PoS is like a Jewish money changer takeover of Bitcoin.

Quote from: tokeweed on May 17, 2016, 02:34:46 AM

What does that make your beloved BTS? Haha.

Nobody cares about NXT, Ethereum, or any other PoS coin.

DecentralizeEconomics

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Quote from: r0ach on May 17, 2016, 01:14:49 AM

Quote from: DecentralizeEconomics on May 17, 2016, 01:02:51 AM

That's a lie, and you know it. Nobody is required to pool their stake in NXT.

Of course they are, because coin age for staking is removed from PoS nowadays due to attack vectors. So the only thing that matters is coin weight. This means there's no point for small stakers to stake at all. If you changed Bitcoin to that PoS model right now, people like the Winklevoss would get all the blocks and most people posting in this thread would get a block every 100 years, which is the equivalent of never.

Which is fair, because those who secure the chain do so in proportion to their holdings.

tokeweed

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Quote from: r0ach on May 17, 2016, 01:32:47 AM

Quote from: tokeweed on May 17, 2016, 01:17:47 AM

Lol. What I was thinking minus the Chicoms.

Of course. Every NXT and Ethereum is backed by a pug. That's why it has intrinsic value.

What does that make your beloved BTS? Haha.

Ayers

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they said the same thing when kraken was adding it, or other chinese exchange did the same, but guess what happened? vitalik dumped his stash lol, so i'm not buying this hype, i want to see the increase with my eye

r0ach

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Quote from: tokeweed on May 17, 2016, 01:17:47 AM

Lol. What I was thinking minus the Chicoms.

Of course. Every NXT and Ethereum is backed by a pug. That's why it has intrinsic value.

ProfessionalGoogler

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Quote from: Spoetnik on May 16, 2016, 10:28:38 PM

Quote from: ProfessionalGoogler on May 16, 2016, 08:19:54 PM

Quote from: r0ach on May 16, 2016, 08:17:52 PM

They're raising Eth in order to dump it from max elevation in order to get BTC for the halving.

Oh my god here we go again.

People have already prepared/bought BTC for the halving by now you idiot - since we know when it will happen - nothing much will happen.

But whatever tin foil hatter. Roll Eyes

You have been quoted for posterity.
I plan on rubbing your nose in it later.. if you dare show your face of course.

And buddy read your previous comment here.
Are you confused what topic this is ?
Do you actually think Every topic here is an ETH topic ?

And what ? too tired top call him a Troll again ?
If your not spamming about ETH constantly your crying Troll
..and making deceitful bullshit moronic "predictions"

People talking to this guy would be like having a conversation with a ham sandwich.
..with no mustard !

I countdown until he drops that shit account and goes back to another one of his ETH shill accounts.
He is a coward and will vanish once it gets ugly.. like many of you greedy kidiot profiteer investards.

Oh and OP..who gives a fuck ?
Why would i give two shits about shitty scam coin that might get pumped ?
I don't support Pyramid schemes. (Like ETHEREUM)

So far you along with roach have still been wrong in literally every fucking thing you say.

https://bitcointalksearch.org/topic/since-we-know-when-bitcoin-will-half-saying-bitcoin-will-go-up-is-nuts-1475099

But okay be a tin foil hatter and a FUDDER I don't care.

The constant claims that anything who supports Eth has multiple accounts is getting old real fast. Roll Eyes

None of your arguments are ever valid or backed up by anything but fluff.

You can clearly see I never supported any alt coin or been active in this section until I found Ethereum. Roll Eyes

tokeweed

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Quote from: DecentralizeEconomics on May 17, 2016, 12:40:03 AM

Quote from: tokeweed on May 17, 2016, 12:19:29 AM

Quote from: r0ach on May 17, 2016, 12:08:27 AM

Quote from: tokeweed on May 17, 2016, 12:07:48 AM

Quote from: r0ach on May 17, 2016, 12:06:02 AM

Quote from: tokeweed on May 17, 2016, 12:05:38 AM

Quote from: tigerwood0432 on May 16, 2016, 04:48:26 PM

Quote from: GreenBits on May 16, 2016, 04:44:51 PM

Okcoin has a majority Asian user base, right? Aren't there other Asian exchanges with eth currently on platform? Not asking to be a dick/troll, serious question that I didnt feel like googling at the moment. If so, will this cause any price movement at all? There are also a multitude of American majority user base platforms with this pair listed.

yes they have eth exchanges but not margin trading = only okcoin =it will add huge eth volumes = leverage on okcoin is from 10x up to 20x = huge

That will make Roach angry. His beloved BTS got left behind.

I don't own any BTS. You need to be clinically insane to hold altcoins during the BTC halving.

Exactly. Because you hate them now and became a whiner from an avid Larimer follower.

Or just the fact that anyone who holds altcoins during the BTC halving is setting money on fire on purpose.

Whatever.. The market does what it wants.

And you became a disillusioned whiner from being a Larimer follower... What happened btw? I remember you being so passionate about BTS thinking everything else is shite compared to it.

R0ach used to worship at the feet of the Larimer Gang and their Chinese Communist backers. He used to constantly attack me when I pointed out that they were robbing all the Bitsnares holders blind. And that's exactly what's happened... the Larimer Gang and the Chicoms have cashed out of Bitsnares and now they are trying to pull the same heist again with that Steem garbage, which they just stole the entire idea off Synereo. I like how r0ach acts like he is so opposed to scams, but he backed one of the biggest scams of all time perpetrated by profiteering traitors and the Chinese Communists.

Lol. What I was thinking minus the Chicoms.

r0ach

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Quote from: DecentralizeEconomics on May 17, 2016, 01:02:51 AM

That's a lie, and you know it. Nobody is required to pool their stake in NXT.

Of course they are, because coin age for staking is removed from PoS nowadays due to attack vectors. So the only thing that matters is coin weight. This means there's no point for small stakers to stake at all. If you changed Bitcoin to that PoS model right now, people like the Winklevoss would get all the blocks and most people posting in this thread would get a block every 100 years, which is the equivalent of never.

DecentralizeEconomics

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Quote from: r0ach on May 17, 2016, 12:48:45 AM

people in NXT are required to pool their stake anyway

That's a lie, and you know it. Nobody is required to pool their stake in NXT.

Quote from: r0ach on May 17, 2016, 12:48:45 AM

so you're recreating a less efficient version of DPOS in the process.

Larimer beat NXT to NXT's transparent forging, but I told him he should have used collateral instead of voting.

The Larimers didn't beat anybody to anything. They just saw NXT's initial success, and altered NXT's PoS algo into DPoS for their own greedy benefit. NXT's PoS algo wasn't corrupted by DPoS voting fraud.

Quote from: r0ach on May 17, 2016, 12:48:45 AM

Both methods are worse than PoW though.

Imo, having currency holders secure the chain is better than having miners secure the chain.

r0ach

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Quote from: DecentralizeEconomics on May 17, 2016, 12:40:03 AM

R0ach used to worship at the feet of the Larimer Gang and their Chinese Communist backers. He used to constantly attack me when I pointed out that they were robbing all the Bitsnares holders blind. And that's exactly what's happened... the Larimer Gang and the Chicoms have cashed out of Bitsnares and now they are trying to pull the same heist again with that Steem garbage, which they just stole the entire idea off Synereo. I like how r0ach acts like he is so opposed to scams, but he backed one of the biggest scams of all time perpetrated by profiteering traitors and the Chinese Communists.

LOL, yea right. This was all going on back before Lightning Network was around and the only viable scaling outlet at the time was transparent forging or DPOS. All I said was that DPOS was better than NXT because people in NXT are required to pool their stake anyway, so you're recreating a less efficient version of DPOS in the process. Trying to scale PoS on-chain without deterministic block producers is a nightmare.

Larimer beat NXT to NXT's transparent forging, but I told him he should have used collateral instead of voting. Both methods are worse than PoW though.

Transparent forging....still vaporware to this day...