Topic: The dark secret of money the sheeple aren't supposed to know (Read 1683 times)

On a linear timeline, do you suppose we will discover aliens first or the release of anonymint coin?

Just because you can't, doesn't mean I can't.

If all the altcoins are just the same power vacuum failure, then no diversification is attained.

But if you don't chain the cryptocurrency up to some kind of real world resource, you end up pulling a Fuserleer and creating some fragile, steady state system with no type of terminal fault recovery.  Without a real world resource tied to it, it's like playing the role of video game developer for a multi-player fighting game where you know everyone and their mom is going to try and cheat, and eventually someone is going to distribute some altered client in the backstreets of China that gives you some type of advantage and blows the whole thing up.

Like I said in the original post, the Occam's Razor solution to creating a cryptocurrency not based around usury (i.e. not revolving around some type of internal or externalized stake forming a landlord/cartel setup) seems to be unprofitable PoW.  But a system where senders of transactions are forced to solve some type of decentralized captcha as a combination of human efforted PoW annoyance and tool to form convergence accomplishes the same thing.  

Besides those two methods, I can't imagine anything else really working to usury proof a cryptocurrency system.  If you can't usury proof crypto, I have a feeling a lot of people are going to be very disappointed in the crypto endgame.  

(que appropriate Alex Jones picture)



*The other Occam's Razor solution would be ditching digital altogether and using a physical object as a currency (silver) that you can hold in your hand and defend with an AR15.  Usury normally revolves around the act of skimming the money supply from the general populace and it's pretty damn hard for some guy to shave some clippings off your silver when it's being defended with an assault rifle.  Going full digital just makes things batshit easy for them no matter what type of currency you create.

What you say here might hold water if there was only one cryptocoin. The fact is there are hundreds and there will be thousands upon thousands of them in the coming years. Decentralization comes from every one having an easy way to create their own money/token and embed usefulness in it, to work to make it valuable. Some will succeed in this endeavor, most will fail, it doesn't matter. Decentralization is in breaking monopoly of state on creation of money and having everyone and their mother create some sort of loyalty points with value that others are willing to work for. This will be the end of state monopoly on money, this is what decentralization is about. Silver coins are awesome, no argument about that

Why should silver coins be any better than Bitcoin? Bitcoin is modeled after gold and silver. Bitcoin mining closely resembles the extraction process of gold and silver. I don't see why silver coins are any better than Bitcoin. If one agrees to your argument (which I don't) one must condemn silver coins as well.

The Pareto principle of the real world is the result of most people being unable to save money. Many people live beyond their means. Wealthy individuals often have different personality characteristics when it comes to saving, they tend to be more thrifty in relation to their means. That's how they accumulated wealth: They spent less than they could afford.

Yes, there are some altcoins that ended up a scam because it's program failed to launch or it was never a success on the first place. They are just making it up that it was a success so that many people would promote their altcoin by joining their Altcoin Campaign and in time there is someone who would reveal that, that certain altcoin is just a scam then all your efforts and time would just be wasted because of this false information that this altcoin is a legit one. That's why it is important to know first all the information of a certain altcoin or other cryptocurrencies before promoting it here in this forum.

I agree except please note that Satoshi's proof-of-work will unavoidably end up (probably already is) controlled by a cartel of miners who can censor your ability to transact. Imagine they are bribed to exclude you. Or the coming world finance government (e.g. IMF, World Bank, SDRs replacing the dollar as the global reserve currency) regulates the miners and dictates who can and can't transact. At the moment, this developing cartel is not focused on censoring you, but rather on gaining a monopoly on transaction fees, so that they can raise their income to the maximum that the market will bear. This is the politics around the blocksize debate. I wrote in great detail about this in my coming whitepaper (excepts have been published to these forums already). Any entrenched centralized control ultimately ends up being co-opted by the State and the political power vacuum of collectivism. We have 1000s of years of human history without any exception!

So it is not enough to say we control the private keys. We must also have a global ledger consensus which is impervious to centralization. So far, neither Satoshi's Proof-of-Work (PoW), nor state-of-the-art alternatives such as Bitshare's (Steemit's) Delegated Proof-of-Stake (aka DPoS, combined with Transactions as Proof-of-Stake (TaPoS)), avoid the centralization of control of the global ledger consensus.

As I have alluded to, I believe I have a design alternative which provides a solution to this fundamental problem that has been plaguing society since time eternal.



Life requires flaws. It is precisely flaws that make us unique and alive. If everything was predetermined (flawless), then nothing would exist. The past and future would collapse into indistinguishable (the light cones of special relativity would collapse onto each other). Life requires that real-time omniscience is impossible, which is a conceptual analogy of flaws (i.e. that not all of our actions can be congruent always in real-time).

However what we are talking about here is not attaining "perfection" (not attaining holistic congruence), but rather how to have a system which has some ordered state of equilibrium which is not trending towards Coasian costs maladaptation implosion. In other words, we want a system with maximal degrees-of-freedom. The flaw of PoW and DPoS is they lack degrees-of-freedom because they depend on the economies-of-scale control of some finite resource (mining or stake).

Thus, I believe there can be a design for global consensus which has a form of decentralized equilibrium.


Please read my summary of altcoins.

only 1% of Altcoin have a réal  raodmap who increase their valeu, and have a real projects to make a différent in the word of Cryptocurrencies.

There is no doubt that 95% of Altcoins have no real value and no need for existing.

Concerning Bitcoin POW winner takes all argument, I can tell you there won't be any system that will be 100% without any flaw.

All 7 episodes neatly packed up and delivered to you for free.

The only cost is one soul.

https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ

Cryptocurrencies give us the opportunity to digitally control our own money and really own it instead of being dependent on banks that operate on fractional reserve.

That's enough reason for its existence.

Most cryptocurrencies have been so cheap that everyone had and still has a chance to buy a decent portfolio. POS is a great system because you help to support the network and get a reward for that. The earlier you are involved, the higher the reward. This is just like being an early investor in a successfull business. If you make the wrong choices then you lose.

Don't invest in the ponzi schemes and research the coin and community before investing, it's not easy but it's needed because yes indeed, whereever there is money there are also crooks around who like to take advantage of the technology instead of helping build a fair financial system.

The economics of Bitcoin's security model are well tuned to force control by the global "State":

You registered on Dec. 2015.

You have a lot of learn from those of us who have been here for many years and have studied the issues in depth.

You don't even appear to comprehend his OP.

More or less you seem to think Bitcoin isn't doomed to a winner-take-all power vacuum on mining.

All those scamcoins ruin the reputation of the cryptocurrency world and increase

the number of bitcoin haters.

If you think that using cryptocurrencies is pointless just don`t use them.

There is no waffling. I've been significantly incapacitated by (what is by now apparently a liver+digestive) chronic illness since a life-threatening perforated ulcer in May 2012 which bathed my abdominal organs in stomach acid for 3 days.

Normal people do not understand what Chronic Fatigure Syndrome (clinical name in my context, Hepatic encephalopathy) and other MS-like autoimmunity symptoms do to the productivity of a person. I just don't think you comprehend what it means to work when as soon as you wake up, you feel like you haven't slept for 48 hours and your head wants to rest on the keyboard and your eyes feel droopy and you mind can't coalesce thoughts.

But the irony will be the Bitcoin killer comes from a disabled person. Lol. I love the challenge!

I'll have a full set of medical documents from a reputable hospital by January. Will scan and share, because I know nobody on Bitcointalk can be trusted.

(Massive excruciating effort has been plowed into athletics lately with a fucked up liver + probably a blind loop small intestine. When there is a will, there is a way, if you are superman.)

Prove it then. Instead of waffling. For 5 years.

I love being the underdog.

Nobody thought Satoshi was credible until he published. And then for a couple of years, very few people thought his invention was worthwhile.

New technology always blindsides most people. It is human nature to ignore everything which isn't proven.

Of course, I approve of your skepticism. You should be. Who the hell is some noname guy in his basement in the Philippines who thinks he can improve upon the $billions invested in R&D in the Bitcoin ecosystem.

I don't think you or your claims are credible. And you already know that.

It won't matter. When you read my whitepaper, you will understand unequivocally why PoW is doomed to a winner-take-all power vacuum.

Don't you remember AnonyMint telling you two years ago that he was going to improve upon Bitcoin and Monero. Did you think I was joking?