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Topic: POLL - which coins are scams as defined in the OP? - page 5. (Read 11708 times)

hero member
Activity: 784
Merit: 1000
I don't understand why would you choose the default port to be value below 1024 which means you cannot run this on unix system without super user privileges.

Even when I change the port in the config file, it still tries to bind to 999 so the server crashes.

Because this CfB software developer (who is BTW hiding in a the shithole of communist Belarus) has never worked for any notable software company, he has never worked on any commercial, never mind enterprise software project, and therefore he could never learn basic software engineering principles by being the member of a normal software development team. His only software engineering credential is NXT, JINN and IOTA which were good enough to scam the idiots, but as you can see don't even pass a basic QA check-list, never mind a code review. That's why you find disturbing issues in his code as well as in his design (probably has has no clue what is the difference between design and coding in software development).


Too tired to answer this in my own words:

Suppose you're exchanging data with a computer on a port <1024, and you know that computer is running some variant of unix. Then you know that the service running on that port is approved by the system administrator: it's running as root, or at least had to be started as root.

So are you telling me from design and implementation standpoints it is acceptable to hard code the port which requires root privilege (or in fact hard code any port) as well as it is fine the system doesn't pull the configuration data from the config file? Are you telling me it is a good practice that an alpha stage software (which presumably vulnerable to security issues) requires root privilege?

I understand you are one of the shills, but if you are a developer as well, then don't BS and don't defend a poor design and implementation.
 
hero member
Activity: 784
Merit: 1000
I don't understand why would you choose the default port to be value below 1024 which means you cannot run this on unix system without super user privileges.

Even when I change the port in the config file, it still tries to bind to 999 so the server crashes.

Java Security Manager is PITA, if you run Java app with reduced privileges be ready to face a lot of unexpected problems caused by JSM. Being a reference implementation, IRI has as much error handling stripped out as possible. Together with JSM in paranoic mode this would make the testing a nightmare.

Port in the config file is for API only.

What a wanker and what a BS. No wonder NXT is used by nobody in real world, no wonder they delivered nothing with JINN.

And then a "reference implementation" is released to end users - obviously without any QA test - with a hard coded port numbers and by violating basic security requirements to run the system with root privilege, because there are "unexpected problems" and "the testing a nightmare". Will the idiots understand that they got a bogus and disturbingly poorly written "reference implementation" after 5 months and for $500k? Probably not.
sr. member
Activity: 420
Merit: 262
Re: Do you think coins with IPO/premines will succeed and be popular/mainstream?

IPO are a good thing i f managed well and by trusted / real devs.

One example? I can't think of any. All the IPO/ICO coins have crashed and burned. Only the proof-of-work distributed coins have sustained, e.g. Monero, Litecoin, Bitcoin.
sr. member
Activity: 420
Merit: 262
hero member
Activity: 784
Merit: 1000
Perhaps Iota has complied in Norwary under EU law.

No, it doesn't comply. There is no jurisdiction exists in Europe which allows raising capital by promising to deliver a radically new, novel microprocessor design and a revenue generating IoT system, while the business operates in the momma's basement of the CEO, the business has no office nor R&D facilities nor any employees. In the meantime, the completely baseless promise of microprocessor and IoT system is framed in a crypto currency ICO which is hyped by an army of sockpuppets and shills to target noobs and naive idiots via a pump and dump process. Such "project" is classified as a fraud in all European jurisdictions.
legendary
Activity: 2142
Merit: 1009
Newbie
I suggest you improve (pay attention to) your reading comprehension.

Ok, my reading comprehension is indeed not brilliant.
sr. member
Activity: 420
Merit: 262
It looks illogical when in the same post you talk about laws and label me as a criminal. Pay attention to this, please.

I suggest you improve (pay attention to) your reading comprehension. I have specifically gone out of my way to make it clear that I am not accusing you of a conviction. See quotes below. And if you read my posts on this page and the prior one, I am speaking about what I think the legal entity "Iota/JINN" is doing w.r.t. to securities (not you personally) and then I relate to you in terms of your own personal ethics and the outcomes from personal ethics in my experience in life.

My point is once someone heads down the path of unethical choices, there is no turning away from criminality. They enter the dark underworld. The criminal mindset doesn't compute this probability correctly. I am speaking in generalities in this paragraph and not making an accusation.

I am perfectly within my rights to comment in a forum with my conjecture. That is what speculation forums are for.

As for your personal culpability, you may or may not be adequately shielded by clever corporate structure

Disclaimer: IANAL and readers should consult their own professional advisor.

sr. member
Activity: 420
Merit: 262
Oh crap here we go again repeating the same logic as to why decentralized file system block chains are insolubly flawed...


Fucking low IQ time wasters!

It doesn't matter. The issue I cited is insoluble. You will never find a technical solution. Ever.

*citation needed

Read my 10,000+ posts so you can gain the level of expertise I have accumulated.

Otherwise, we can debate each issue here as follows to bring you up-to-speed on the relevant technological issues.

Btw, how much are you willing to pay me for this education and distraction from my own work?

The onus is on you to write a coherent, concise, and complete white paper so that I can bring to bear my expertise on tearing the nonsense white paper to shreds. I didn't volunteer to condense my 10,000 posts into a white paper to offer you a concise citation.

I am particularly incensed by you promulgating this crap technology as worthwhile. It wastes my time. I told you I invented proof-of-storage in 2013 and I thought about all the ways it could possibly be made to work and all possible ways were flawed. The onus is on you to do the same and not promulgate and hype faulty technology to the community.

The Sybil attack is, in my qualified opinion, the weakest part of the Sia protocol. But we do have sufficient defense against it, and that comes in the form of proof-of-burn.

Nope. I already explained why staking (analogously burning) doesn't provide sufficient security.

And I explained why you are incorrect.

You may myopically think so, but you are incorrect.

To reiterate, hosts burn coins to get weight. Renters are 2x as likely to pick a host with 2x the burned coins. An attacker can burn a whole bunch of coins 1 time to gain an advantage, but hosts in the ecosystem will ongoing be burning coins, and all of the hosts that have burned coins in the past will have preference that the attacker needs to overcome.

And you are not smart and/or experienced enough to see the flaw in this proposed design. Thus you should not be trusted by the community as a lead developer of anything to do with block chains.

If you presume that renters will prefer the host with the most burned coins, then hosts must either burn all their coins to be in the chosen top or they must join together to form an oligarchy of some sort (if that is possible) to stop other hosts from burning all their coins. Because the host that burns all his coins would then be chosen and he can then short the coin and delete all the data stored on the coin and walk away with the value that was in the coin.

If you presume some equilibrium level will be attained by the market where hosts can earn some profit, then the Sybil attacker can burn that many coins too, because he is being paid for all his Sybil hosts. The fact that he only stores the data once (for all his Sybil hosts) reduces his costs, so he can afford to burn more coins than the other honest hosts (or burn the same number of coins as other honest hosts yet have higher profits). And the renter ends up with only 1 copy of the backup instead of the many copies they paid for.

You've solved nothing. And that you can't see this obvious flaw means you don't have the IQ to even be attempting this. Please just do yourself a favor and quit now. This is above your pay grade.

A sufficiently disruptive attacker can be displaced with a simple blacklisting.

So you attempt to solve decentralized file storage by making it centralized.  Roll Eyes

Also you can't identify who the attacker is! For as long as the attacker is successfully storing only one copy but charging for multiple hosts, this is not detectable. That is the entire point I made about why this is insoluble. Duh! You really need a citation? It is a simple logic.

Your arguments are not sufficiently fleshed out. You do a substantial amount of handwaving...

Sorry you are just hyper ignorant.

I can't believe anyone placed investment with you. There are some super n00bs here. I am also amazed that smooth is so clueless that he needs you to write a white paper.



An attacker cannot gain cost-efficiency by storing all the data, because the redundant pieces are encrypted with different keys, and the attacker is unable to figure out which pieces are not needed.

Sure he can. He can put all the pieces in the same data center where he can maximize his economies-of-scale, e.g. build own datacenter next to hydropower. Are you so ignorant to not realize that the actual cost of the harddisks is not only component of the cost of storage focused datacenter.

You've just shifted the centralization incentive to the Sybil attack.

And what is the point? We can already pay now for cloud storage on many providers (hosts). The point was that people could stand up nodes, but as you see a datacenter focused Sybil attack will always be more efficient and thus can burn more coins than nodes by those with less economies-of-scale.

Notwithstanding the above which is already sufficient to make your oxymoronic design for a decentralized file store attackable by centralization, additionally any public data can't be encrypted in a way that can hidden from the attacker. So the design is an unarguable failure for hosting public files such as downloadable music, internet web page files, etc..

Additionally it is probably possible to detect which redundant encrypted pieces (in the case of non-public data) are the same, by failing on a request for a piece and correlating with timing analysis and client IP to the request for the other piece. There is no way to prove that a failed request was not a network timeout, which is another problem I haven't yet dropped on you.  Wink
legendary
Activity: 2142
Merit: 1009
Newbie
... you are a wanker. Go, find a woman Sergey before your scam shit hits the fan and you go to jail. You never had a woman, a girlfriend will change your fucked up attitude and you will have better chance to survive. If a 37 years virgin like yourself exposed to the horny prison population then that's never a promising proposition.

Again these prison fantasies, I like your integrity.
hero member
Activity: 784
Merit: 1000
If you see me trolling on BTT it means that

... you are a wanker. Go, find a woman Sergey before your scam shit hits the fan and you go to jail. You never had a woman, a girlfriend will change your fucked up attitude and you will have better chance to survive. If a 37 years virgin like yourself exposed to the horny prison population then that's never a promising proposition (from your viewpoint).
hero member
Activity: 784
Merit: 1000

I am also finding it incredulous that you think you can out innovate Intel and other hugely capitalized semiconductor companies with a "trinary" processor. Do you even have any PhD researchers with a decade of work in this area?


Please do not ask relevant questions from a scammer - you will confuse him. Don't ask whether they have a sufficient R&D infrastructure in place or not, whether an adequate engineering work force is employed by the business or not. If you ask such question you will be trolled (btw, this scammer trolls you 24/7, you must be a special person in his life)
Everyone over age 14 understand that these two money collectors, CfB from the communist shithole of Belarus and David boy from his momma basement won't deliver anything in the field of microprocessor design, which is the most R&D intense area of hardware manufacturing. JINN/IOTA is a P&D scam to lure money from noobs, naives and wannabe rich idiots.


I simply won't associate professionally with anyone doing that. And such people will remain forever stuck in the business of scamming, because of their past, they will never be accepted into the mainstream where ethics and minimum levels of sane law & order are preferred.

The real sensitivity for others is not doing unethical pumps to unwary n00bs. And to pursue real projects with real adoption and ethical out in the open business (e.g. have a LinkedIn account and have a history and a reputation).

Pre-selling pipe dreams to n00bs is despicable in my opinion. Sorry.

It is really reassuring you stated that. Your supporters and potential investors will be happy to see that you distance yourself from these low life scammers.
legendary
Activity: 2142
Merit: 1009
Newbie
I am researching it now. I remember reading that foreign companies are not allowed to market to non-qualified USA investors without registering the securities with the SEC.

Don't spend time on the searching. Even if I killed Kennedy I wouldn't be a criminal until it's proven in a court. This is what praesumptio innocentiae is about. It looks illogical when in the same post you talk about laws and label me as a criminal. Pay attention to this, please.
sr. member
Activity: 420
Merit: 262
And that includes trying to skirt USA securities law to be able to market to unwary n00b investors in the USA.

I violated a USA law? Ever heard of praesumptio innocentiae?

I am researching it now. I remember reading that foreign companies are not allowed to market to non-qualified USA investors without registering the securities with the SEC. My IANAL understanding is that naming them "tokens" doesn't absolve the Howey test in the USA.

As for your personal culpability, you may or may not be adequately shielded by clever corporate structure, but I have learned in life that unethical obfuscation is bad karma. The mindset of the person required to do this, is such that they will find trouble in their life at some point. I would not participate in something like this because it violates my personal ethics. I can't stomach spending the money of n00bs who I abused in a greater fool theory of investing, My concept of investing is one where everyone who joins benefits from a greater productivity that is created. If there is risk, I want to know in my heart that I didn't let the n00bs invest until that risk had been minimized by actual market acceptance of the product of the company.  Pre-selling pipe dreams to n00bs is despicable in my opinion. Sorry.

Disclaimer: IANAL and readers should consult their own professional advisor.
legendary
Activity: 2142
Merit: 1009
Newbie
when i see your trolling in many threads I start to think my IOTA investment was a bad decision.

Don't worry my friend. If you see me trolling on BTT it means that the code is written and I'm running tests now. Come to "Iota testing" channel on Ryver, I've just published 0.7.0 version.
legendary
Activity: 2142
Merit: 1009
Newbie
And that includes trying to skirt USA securities law to be able to market to unwary n00b investors in the USA.

I violated a USA law? Ever heard of praesumptio innocentiae?
sr. member
Activity: 420
Merit: 262
I have negative net worth, and you guys don't.

I'm not going to make you spend the rest of your life in poverty.

I've been wealthy in the past and I will be wealthy again. I am trying to tell you that I took a wrong turn in my 30s, which is why I am in the predicament I am now. And now I am fighting my way back up again. I am advising you that you can't sustain a good life with poor ethics. And that includes trying to skirt USA securities law to be able to market "wonder investments" to unwary n00b investors in the USA. In the 1800s in the USA, we have snake oil salesmen running rampant. The USA securities law was created to force proper disclosure of IPOs. Perhaps Iota has complied in Norwary under EU law. But my IANAL understanding is you still can't market those securities to USA investors unless either you register them with the SEC or you limit to qualified investors.

Disclaimer: IANAL and readers should consult their own professional advisor.
sr. member
Activity: 420
Merit: 262
when i see your trolling in many threads I start to think my IOTA investment was a bad decision.


I told you so. The amount of trolling this Belarusian wanker display is not the attribute of a trustworthy nor a mentally stable technology professional.

On the note of viability, TPTB_need_war is correct. I pointed out many times at the unmoderated IOTA thread, there is simply no viable monetization route for crypto currencies in the corporate driven, predominantly closed source Internet of Things sector. I don't repeat that here, I explained it in the unmoderated IOTA thread many times.

The corporations may eventually come around to an open source standardization process, but that is not now. And I doubt any standards will form around a block chain and coin launched as an ICO that is illegal in the USA. Open source standards promulgated by the W3C must be I presume unencumbered.
hero member
Activity: 784
Merit: 1000
when i see your trolling in many threads I start to think my IOTA investment was a bad decision.


I told you so. The amount of trolling this Belarusian wanker display is not the attribute of a trustworthy nor a mentally stable technology professional.

On the note of viability, TPTB_need_war is correct. I pointed out many times at the unmoderated IOTA thread, there is simply no viable monetization route for crypto currencies in the corporate driven, predominantly closed source Internet of Things sector. I don't repeat that here, I explained it in the unmoderated IOTA thread many times.
legendary
Activity: 2142
Merit: 1009
Newbie
I have negative net worth, and you guys don't.

I'm not going to make you spend the rest of your life in poverty.
legendary
Activity: 2142
Merit: 1009
Newbie
Which is of course just an another lie from our low life Belarusian scammer. Ivancheglo Sergey has 12.50% share in Iota AS (company number 916 476 965, registered in Norway).

See? Not even 34% to do a successful Byzantine Generals attack.
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