Topic: Proposal: rename altcoin discussion to sour grapes discussion - page 2. (Read 2198 times)

FTFY

so i interference your get rich quick scam? i think you saying i'm blocking your road to becoming a get rich quick person. i personally think you guys already succeed, a shitcoin like ethorieem which is worth nothing and now is at $350,000,000 creating ton of millionaires. your get rich quick scam do work but what i think you are just greedy and wanting more.

The only coin that could dethrone Bitcoin would be one that had higher levels of adoption.

None of the altcoins have generated any adoption. Maybe Doge generated a few 1000s of actual users, but that is nothing compared to 10,000s of serious users of Bitcoin.

Millions of users estimates for Bitcoin is delusion (based on wallet estimates for example from Coinbase which doesn't include wallets that have been abandoned and driven originally by affiliation payouts, Coinbase is burning up IPO money three times to the well because its business model has failed). No coin has that yet.

You'll know it when you become aware of the Bitcoin killer. It will be so damn obvious due to the millions of users adopting it.

It hasn't been scaled yet. Bitcoin's scalepocalypse will pale in comparison to Ethereum's doom in the wild. Essentially what Ethereum is designing with Casper is a technobabble wrapper around centralized verification, because either they know that verification can't be decentralized (as I have explained), or they are determined to delude themselves otherwise (with the result being the centralization occurs anyway).

With centralization, Ehereum can scale except note that will be viewed as a failure by the market, unless verification centralization can be hidden behind Sybil attacks on the verification nodes (meaning no one can prove that a 1000 nodes aren't controlled by the same entity). I have a strong suspicion that is why Ethereum is being funded by Peter Thiel and other banksters, because they understand Ethereum is a way for them to control without being detected. Satoshi had prevented this outcome in Bitcoin by setting the maximum block size to 1MB, which thus restricted verification from centralizing entirely (yet it will still be impossible to prevent Bitcoin Classic from centralizing due to the other economics of profitable PoW mining).

But centralization always leads to failure. So ultimately this will fail sooner or later.


That is because you are n00b and you can't understand the technological arguments. The points I have made are not wild at all. Do you realize I was probably the first person to predict Bitcoin's scalepocalypse in 2013 as ArticMine graciously admits today:


Seems stoat you had no clue how long I have been here in this forum and doing serious technological research.

any proof at all of those claims?

A shred of evidence perhaps?


So far I see the ethereum blockchain and consensus protocol working fine.

And what I see from you is just a load of wild claims.

I get this impression as well, but really I could give a fuck.  The only altcoin I like is doge and maybe a little Dash, but it's really just bitcoin for me.  All the rest are wannabees IMO.  But if something comes along that can challenge bitcoin--legitimately--then more power to whatever that is.  If it's ethereum, well then it's got its work cut out for itself.  It's not going to be easy to dethrone btc.

I am working on it. The distinction is as I explained upthread about Charles, Vitalik, and Ethereum, I did not waste $millions doing my research. And when I release my white papers and coin, I still won't be doing an ICO nor asking for any money from speculators at all.

You watch and observe how it is done.

Edit: and why do you think I would be incentivized to write white papers solely for the purpose of helping Ethereum not make more mistakes. I am happy to see them waste another $millions of your dumb money on dumb research. If I had gone for the ICO pump job, I could earned my $million already. But my goal was never that small. I wanted to do something to impact the world and besides a $million for me is at least an order-of-magnitude below my goal.

Your criticism amounts to [A decentralised internet is impossible because of these highly complex reasons that only I understand].

If you know so much about it, why haven't you created your own system?  Why don't you publish an academic paper so people of your "intellect" can review it?

Trolling this forum won't get you anywhere.

Why don't you write a non confrontational paper explaining your theories and submit them to the ethereum developers?  In this way some progress could be made.  

Instead you are just wasting everybody's time writing stuff that hardly anyone here understands that may or may not be true because we have no way of verifying or refuting your highly technical and complicated objections.

Don't blame me for what the other clowns do. Why the hell would you associate my technological expertise with those two clowns.

Stating as fact that I am them (which you have now retracted) is slander. Whereas, the following is just an opinion so I did not claim the following is slander:


You may not like my technological expertise and opinions, but I am not slandering you.

You say you refuse to read my technological expertise. I think that is great so readers can see you are intentionally blind to reality.

"Slanderous allegation".  What like the ones you and your buddy benthatch throw around casually all day long?

What benthach does is tantamount to tortuous interference. And you are nearly as bad you just wrap it in a veneer of "technical objections"

I accept that as a retraction of your slanderous allegation.

You're delusional.  I made a joke about you, spoetnik and benthatch being the same person.

As for the rest of your post, it's just the same boring drivel you type out on the reg. 

I didn't read it and never will.

Proof-of-cheating (or by any other name) backed by deposits, is a game theory that leads to centralization. Think it out. It is not really that hard to show that. It has analogous flaws as PoS.

Edit: for n00bs, note that by definition if we will use proof-of-cheating with deposits in Casper (along with consensus-by-betting) to rely on some limited number of nodes with deposits to verify the block chain for us, then those masternodes have the same economic problem that I explained in my prior post and thus the one with the most income is the winner take all, i.e. 100% centralization. There is simply no way to avoid centralization of verification. The solution is the one I have designed and explained and which Ethereum is not implementing.

Casper adds Game theory into the mix. You can fool lightweight nodes, but you will lose a lot of money after that. Security deposits solve a lot of problems in real world.

Yeah why are you doing that stoat?

And you are lying about my identity and have refused to retract your slander, when I am clearly not the two users you accused me of being and I have even shared my LinkedIn photo and identity.

Why can't you admit that Ethereum's developers suck and after $millions wasted, they still have not solved the most fundamental issue that must be solved in order to make scripting on a block chain work?

The technological challenge with a long-running script on a block chain is verification. The gas (and txn fees) are paid to the winner of the PoW block, not to all miners, but all miners (full nodes) have to endure the SAME cost of verification. Yet not all miners have the same hashrate, thus not all miners have the same income per block. Thus some miners recoup less of their verification costs than other miners. As I explained in greater detail, this forces mining to become 100% centralized in one miner with 100% hashrate.

Ethereum is off on another tangent named Casper, with shards, consensus-by-betting, etc, which is another hopeless and futile attempt to solve a problem that CAN NOT BE SOLVED BECAUSE OF THE INVIOLABLE CAP THEOREM!

Ethereum will never solve this problem and remain decentralized. Never. Thus all the scripts and products being built on top of Ethereum are headed to failure when Ethereum fails to solve the scaling problem of verification in a decentralized manner. Because centralization of scripting is meaningless, we always had that already.

I have solved the problem because I realized verification MUST be centralized (due to the inviolable CAP theorem and the correct understanding that a 100% decentralized system can not solve the Byzantine General's Problem), and thus I instead designed a way to control the centralization of verification with decentralized PoW miners (because each user submits a PoW share with their txn and because PoW mining is rendered UNprofitable for all parties).

So who will be the winner of everything? Me. Not Ethereum. Not to mention that marketing plan is light years ahead of any altcoin, because I will market directly to the millions of masses and achieve millions of adoptions (and be the first coin to do so).

Look I was there at the beginning telling Charles (one of the guys who founded and organized the creation of Ethereum) in Skype that Vitalik's PoW algorithm could be parallelized thus not CPU only, telling him that they could not solve the fundamental problem above, and telling him that they were going to raise too much $ with too many mouths to feed and still wouldn't solve the fundamental problems. Originally Charles was recruiting me to form this company, not Vitalik. But I balked and said I didn't want to raise all that money and I didn't want to start something until I was sure I had solved all fundamental issues. If you don't believe me, go ask Charles.

All the gory details about Ethereum's technical incompetence are here:

https://www.reddit.com/r/ethtrader/comments/42rvm3/truth_about_ethereum_is_being_banned_at/

Enjoy the Ethereum pump while it is hot and while people are ignorant of the truth about the technical incompetence of the Ethereum developers. Eventually the truth will come out and especially when my white papers and coin are released.

Edit: r0ach has also explained what I've been pointing out about Ethereum for more than a month.

So why are you constantly making threads spreading pointless FUD about ethereum?

You seem pretty bitter to me

Bitchcointalk subforum sour grapes discussion.

Lol stoat is so desperate to get rich quick, he gets wet dreams about it

there is no reason for me to bitter or laugh at your crap, i have seen many of it already. i know soon or later your shitcoin and you would be down to your knees. i would have to say it's annoying.

I would not like to be a bit disappointing but I will be. Face it : Ethereum will never surpass Bitcoin. Why would it will, when Bitcoin is being accepted more and more and is WORKING ? Even if I am an Ethereum supporter too, I have to admit that without a working noob-proof GUI wallet, Ethereum will only conquer banksters' heart .