Topic: -- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World! - page 157. (Read 383196 times)
April 13, 2017, 10:28:12 AM
Good to see some kind of development...
April 13, 2017, 01:04:22 AM
In December 2010 Hal said Bitcoin would need a second layer payment system (*cough* sidechain) lighter weight, more efficient, faster, etc.
A few months later, lo and behold, the first bitcoin clone pops up (at a time when only a few people in the world new how to clone bitcoin) is a bitcoin twin and the creator's name is Thomas.
Pop quiz: What was the name of that coin?
Just more coincidences.
Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.
Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.
George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.
I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.
Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.
George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.
I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.
April 11, 2017, 11:07:06 AM
Clamo, clamatis, omnes clamamus pro IXCoin. 
April 11, 2017, 07:33:16 AM
Ex Tenebris Lux!
April 09, 2017, 01:19:57 AM
Gleb, you hear the latest theories about John Nash and bitcoin (and IXC).
I'm convinced you and Anonymint are trying to outcrazy me.
I'm well-versed with Nash, but don't have a clue as to which automaker produced IXC.
That Nash almost looks like a Shriners' car.
Hey, you wanna play a game of Go? I'll be white.
April 09, 2017, 12:26:12 AM
Gleb, you hear the latest theories about John Nash and bitcoin (and IXC).
I'm convinced you and Anonymint are trying to outcrazy me.
April 09, 2017, 12:11:22 AM
What in the world? Is that pre-civilization alphabet? lol
I'm gonna need help cracking that.
April 08, 2017, 01:55:04 PM
[.center.]
Download from the Source!
Alpha and omega!
[.IMG height=333 width=333.]Alpha and omega!
I cracked your code. Now fix your bbcodes.
Afterward, crack my code:
April 08, 2017, 12:27:40 PM
Download from the Source!
Alpha and omega!
Alpha and omega!
April 07, 2017, 03:50:52 AM
Vlad's just getting scared and does not want to give anymore clues..
Because of The Gamow !
He is afraid of finding a boiled bunny in his kitchen
Vlad the only way to deal with a stalker is to have sexual intercourse with them.
..just sayin'
Because of The Gamow !
He is afraid of finding a boiled bunny in his kitchen
Vlad the only way to deal with a stalker is to have sexual intercourse with them.
..just sayin'
Hahaha. That made me laugh.
April 07, 2017, 12:03:09 AM
Vlad's just getting scared and does not want to give anymore clues..
Because of The Gamow !
He is afraid of finding a boiled bunny in his kitchen
Vlad the only way to deal with a stalker is to have sexual intercourse with them.
..just sayin'
Because of The Gamow !
He is afraid of finding a boiled bunny in his kitchen
Vlad the only way to deal with a stalker is to have sexual intercourse with them.
..just sayin'
Says the Canadian voyeur.
"Vlad and Gleb. Oh, My!"
April 06, 2017, 11:48:16 PM
Vlad's just getting scared and does not want to give anymore clues..
Because of The Gamow !
He is afraid of finding a boiled bunny in his kitchen
Vlad the only way to deal with a stalker is to have sexual intercourse with them.
..just sayin'
Because of The Gamow !
He is afraid of finding a boiled bunny in his kitchen
Vlad the only way to deal with a stalker is to have sexual intercourse with them.
..just sayin'
April 06, 2017, 10:59:42 PM
You mother fucks are on notice!
Reciproc!
Looks like you and I took a break from this thread during the last couple days, eh? People are gonna talk.
You and I were both fed dog shit about "next week". Let the mothers fuckers talk. They're gonna put up hard cash deposits in my account before I get punk'd again.
Mother fucks!
"Plastic! And, I'll pay you a king's ransom in RateCoin if you uncover the dude who's fuckin my wife."
April 06, 2017, 10:41:50 PM
You mother fucks are on notice!
Reciproc!
Looks like you and I took a break from this thread during the last couple days, eh? People are gonna talk.
April 04, 2017, 10:56:55 PM
How close was I late last year? This close: https://www.forbes.com/sites/laurashin/2017/02/21/this-is-the-worlds-first-cryptocurrency-issued-by-a-hedge-fund/#29c7042360b6
From the desk of Numerai Revisited:
I actually read this article a day or two ago! It's a good read, but I'm not sure we're "there" yet. There's a lot more interesting smart contracts that will turn into "smart algorithms" or some-such until people are able to figure out how they work and trade against them. To me, it seems very very unlikely that someone creating a smart hedge fund will not eventually trade against it anonymously once people invest in it.
Be careful of shysters who claim to be working in your best interest. If someone cannot clearly explain how they make you money, then YOU are the way THEY make money. Until we have blockchain-based smart contracts, take stories like this with a HUGE grain of salt.
https://www.youtube.com/watch?v=AkLs9nVHv28&feature=youtu.be&t=168
With all due respect to Numerai [and Norman Packard], something doesn't smell right.
e.g. ...
: I love Kellogg cereal. Today, I will buy X amount of Kellogg shares knowing full well that within 48 hours its price is gonna rise thanks to the use of my "very special form of encryption thingy" blasting data to my special astute investors.
Fuck me in the ass! Like WTF, only 11.4% profit? Fuck Kellogg's! Today I'm going to buy X shares of World Wrestling Entertainment AND Premier Exhibitions, then tweak my "very special form of encryption thingy" just a tad prior to blasting the el pumpo to, again, my special astute investors. According to my calculations performed on my Casio calculator, I should have no prob recognizing no less than 18.1043% on the ROI meter.
"Numerai!"
Quote
Edit 1 : What do you think about this one as well, Raize ?
https://medium.com/@Numerai/rogue-machine-intelligence-and-a-new-kind-of-hedge-fund-7b208deec5f0#.nl6an4ms0
https://medium.com/@Numerai/rogue-machine-intelligence-and-a-new-kind-of-hedge-fund-7b208deec5f0#.nl6an4ms0
I actually read this article a day or two ago! It's a good read, but I'm not sure we're "there" yet. There's a lot more interesting smart contracts that will turn into "smart algorithms" or some-such until people are able to figure out how they work and trade against them. To me, it seems very very unlikely that someone creating a smart hedge fund will not eventually trade against it anonymously once people invest in it.
Be careful of shysters who claim to be working in your best interest. If someone cannot clearly explain how they make you money, then YOU are the way THEY make money. Until we have blockchain-based smart contracts, take stories like this with a HUGE grain of salt.
https://www.youtube.com/watch?v=AkLs9nVHv28&feature=youtu.be&t=168
Quote
Normally, encryption kind of messes up data to such an extent that you loose all predictive structure after you encrypt something. But Numerai has a very special form of encryption that enables it to actually pass data to the crowd and that's the big innovation of Numerai.
With all due respect to Numerai [and Norman Packard], something doesn't smell right.
e.g. ...
Fuck me in the ass! Like WTF, only 11.4% profit? Fuck Kellogg's! Today I'm going to buy X shares of World Wrestling Entertainment AND Premier Exhibitions, then tweak my "very special form of encryption thingy" just a tad prior to blasting the el pumpo to, again, my special astute investors. According to my calculations performed on my Casio calculator, I should have no prob recognizing no less than 18.1043% on the ROI meter.
"Numerai!"
April 04, 2017, 06:10:53 PM
I always felt iXcoin would be on one side and BTC on the other but I couldn't figure out which one China and Russia would choose.
The west are the colonists or colonies so that means the US and Europe will choose iXcoin and Russia and China will choose BTC.
The latter is eager to launch a new currency so I'd expect them to make the first move on Bitcoin leaving the U.S. little chance but to find an alternative, a twin.
The west are the colonists or colonies so that means the US and Europe will choose iXcoin and Russia and China will choose BTC.
The latter is eager to launch a new currency so I'd expect them to make the first move on Bitcoin leaving the U.S. little chance but to find an alternative, a twin.
Yes: ORIGO!
I think Russia is gonna dump the dollar. I've been saying for months China and Russia are secretly buying up and hoarding Bitcoin.
All of the monthly "China Bans Bitcoin" scares comfirm this theory for me. By scaring people, temporarily, they both, keep the price down and shake out coins from people that are too scared to hold.
This is especially true in China where people have recent experience where in 2007, China easily and successfully banned a very popular crypto currency, called QQ.
In China, if the govt decides to ban Bitcoin, you stand to lose everything you put in it so that's why we get a huge drop on any legit looking [banning Bitcoin] rumor out of China.
That said, I expect one more big scare probably out of China in the next few weeks and most likely one last drop below ~$350 before we start our big run to $2,000+ for Bitcoin [later this year] and an even more massive run for alts.
And that's when I expect iXcoin to rally well above $1.
And then they [the World] will know our name!
April 04, 2017, 04:50:22 PM
https://scalingbitcoin.org/transcript/hongkong2015/invertible-bloom-lookup-tables-and-weak-block-propagation-performance
Quote
We will talk about block propagation and how it can be improved with IBLT and weak blocks. I will start by talking about invertible bloom lookup tables (IBLT). This was originally proposed by gavinandresen and Michael T. Goodrich and Michael Mitzenmacher wrote an 2011 paper about this.
Now pay attention ...
https://en.wikipedia.org/wiki/Michael_Mitzenmacher
Quote
Mitzenmacher’s research covers the design an analysis of randomised algorithms and processes. With Eli Upfal he is the author of a textbook Mitzenmacher & Upfal (2005) on randomized algorithms and probabilistic techniques in computer science. His Ph.D. thesis was on the analysis of simple randomised load balancing schemes. He is a leading expert in hash function applications such as Bloom filters, cuckoo hashing, and locality-sensitive hashing. His work on min-wise independence gives a fast way to estimate similarity of electronic documents, and is used in internet search engines. Mitzenmacher has also worked on erasure codes and error-correcting codes.
Noise.
Cinnamon Carter was telling me this kind of blah, back in 2014, and she's like self home-schooled.
Dude, if you wanna stay active on the best thread in crypto you gotta at least come up with some original shit.
I hand-drew that dream. Ok, the horse was sketched off my [new] iPhone screen, but the random circles and the V were all me. See? Go crazy - but be real, be original.
April 04, 2017, 04:43:13 PM
https://scalingbitcoin.org/transcript/hongkong2015/invertible-bloom-lookup-tables-and-weak-block-propagation-performance
Quote
We will talk about block propagation and how it can be improved with IBLT and weak blocks. I will start by talking about invertible bloom lookup tables (IBLT). This was originally proposed by gavinandresen and Michael T. Goodrich and Michael Mitzenmacher wrote an 2011 paper about this.
Now pay attention ...
https://en.wikipedia.org/wiki/Michael_Mitzenmacher
Quote
Mitzenmacher’s research covers the design an analysis of randomised algorithms and processes. With Eli Upfal he is the author of a textbook Mitzenmacher & Upfal (2005) on randomized algorithms and probabilistic techniques in computer science. His Ph.D. thesis was on the analysis of simple randomised load balancing schemes. He is a leading expert in hash function applications such as Bloom filters, cuckoo hashing, and locality-sensitive hashing. His work on min-wise independence gives a fast way to estimate similarity of electronic documents, and is used in internet search engines. Mitzenmacher has also worked on erasure codes and error-correcting codes.
April 04, 2017, 04:37:29 PM
The only thing I bolded in that diatribe was -> Cuckoo cycle is one of the most ASIC-resistant Proof-of-Work algorithms.
For some reason they're pushing the technology.
Sorry, you quoted some douche [tenletters] who bolded Luke. Too bad they can't focus on their leader [inflation control] Back or Gmax [soon to be] minimax. They always gotta throw the religious ones under the bus. Typical.
April 04, 2017, 04:32:18 PM
Gleb, too much to quote on your last post.
Sooooo...
ASIC resistant? Garbage. With the money bankers and the Chinese have it's a matter of maybe 6 months.
Memory intensive? Like crap script? For which I will make Charlie Lee and Litecoin Pay for DEARLY cause he robbed the mastermind behind Tenebrix without paying the real genius dev the credit he deserves.
And what's with the bold print on Luke Jr? You believe the latest reddit gossip that a fanatic, Maxwell and Back are Satoshi or what?
It's best you get on the BU side before you get rekt, son!
The only thing I bolded in that diatribe was -> Cuckoo cycle is one of the most ASIC-resistant Proof-of-Work algorithms.
For some reason they're pushing the technology.
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