Topic: -- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World! - page 268. (Read 383196 times)

@publicjud,

Mark is a really busy guy, I'm suprised he commented at all.

The answers you seek are everywhere.  Search the comments Satoshi made about all these things and about how easily Bitcoin will have instant transactions.

Unless you think Satoshi was clueless then that should be good enough.

Finally, let's say Satoshi was wrong, a faster block-time or adding PoS (inflationary interest) could be and would be added to every coin with great ease.

So I am truly shocked that so many devs, techies and the majority of the people still follow the lies of the "experts".  

I'm not a techie and I didn't even know what a blockchain was last May and it only took me 30 days to see the common sense of Sha256 vs Scrypt, PoW vs PoS, etc.  I launched nuggets and I fought to make it sha256d and only at the end did I make it scrypt simply cause I was launching it for the miners and they all insisted on Scrypt.  

The answers are out there and it's really pretty complex and long for anyone to explain it in one simple post.  If you're gonna blindly trust any tech expert out there then trust Satoshi...at least for now.

It's just to bad he didn't include any technical details in his argument.

Very silly and worthless sentences.  If you are techie, care to explain why?

I said last year that NOTHING being told about Bitcoin was true.

Anonymity:  False

Decentralized:  False

21 million coins for ever and ever and ever:  Bhahahahahaaaaa.

Roger Ver is nothing but a used car salesman.  Well, a very lucky and rich used car salesman.  And Andreas, I'm not sure what he is but he's dead wrong a bit too often for it to be an accident or sheer stupidity.

Ahahaaaa.  Thank you, mark.  Always feels good being backed up my a real techie who really understands the technology.

To say that PoS coins are pathetically worthless, discredits your reputation.  Their are multiple PoS coins with very sizable market caps compared to their age.  And I have no idea how one guy could trash a CryptoCoin at will?  Even if there is only one dev per say, if that dev goes rogue, the community can easily go with another dev's code.  Please explain.

So far you haven't not shown that PoS is any less secure.  You pointed out PPCoin, but your issue seams to be with their 'foundation' set up, not the PoS technology.

Bitcoin POS?

https://bitcointalk.org/index.php?topic=581635.0;all

https://bitcointalk.org/index.php?topic=584719.0;all

Just because worthless crap hasn' yet been stolen doesn't at all mean that the worthless crap is secure, it just means it is not worth stealing.

As long as PoS coins remain pathetically worthless who cares, they aren't important, why even bother attacking them.

The point is they cannot be used safely for real serious money. Sure if you just want pennies fine use sugar cubes or lumps of mud or whatever, its not important. But for serious stuff you need serious stuff. PoS is not serious. Especially PPCoin which is basically just another Solidcoin type con job, that is, centralised, vulnerable to one guy who can trash it at will.

-MarkM-

No plans to buy Ruibo  Riddle  ?

Hurry up!

Nothing new (at least for us), but still unbelievable how it´s become true.....

Some day´s ago i ve read this:

"Anybody who thinks Bitcoin makes it easier to do transactions that aren't tracked by the government is 100 percent wrong. The transactions all happen in public view. Anybody can look at the entire ledger and verify who owns what. So if you're a law enforcement agency or an intelligence agency, this is a much easier way to track the flow of money than cash. So I think actually law enforcement and intelligence agencies are going to wind up being pro-Bitcoin, and libertarians are going to wind up being anti-Bitcoin."
(http://www.washingtonpost.com/blogs/the-switch/wp/2014/05/21/marc-andreessen-in-20-years-well-talk-about-bitcoin-like-we-talk-about-the-internet-today/)

and today:

Former US Mint Chief: Bitcoin a Serious Challenge to Government Money

http://www.coindesk.com/former-us-mint-chief-bitcoin-government-money/



As you (Vlad) said before: Governments and banks LOVE Bitcoin

Good luck everybody

agree on that one. That's why i feel very happy to hold that bag of unobtanium (UNO) indefinately (besides some ixc and iocoin i also have of course to diversify investements). Uno could also be merge mined with btc - it only needs to be implemented but that is not unlikely to happen i think. Just a heads-up for the pow and sha256-lovers 

You say it makes an unstable coin, but yet there are several well developed PoS coins that have yet to have a security breach.  Keep in mind, PoS is still several years younger than BTC.  Overall, I am in a couple PoW coins, incase I am wrong, but I still lean toward PoS winning out.  It makes more sense any way you look at it.  Having a ton of leading zeros in front of a transaction hash serves no purpose at all.

Read Satoshi's papers:  Bitcoin [ixcoin, etc.] will have instant transaction times.  This faster block time is a gimmick which leads to an unstable coin.

I'm no techie at all and I saw through this faster coin nonsense last year.  And if the people want PoS, do you think it would take more than about 5 seconds for Bitcoin or iXcoin to add some of that inflation to their coin?

So how then will a PoS coin kill Bitcoin?  It's absurd.  No Scrypt coin or X11, or any of that other joke new algos will ever beat Bitcoin in affordable speed and security.

I'm shocked that it's been so long and all these "expert" devs still can't figure out that Sha256 is the future.  

It's a good thing, it keeps millions of competing miners away from the real coins which will be the future.  I actually think LTC and all its clones were done intentionally to mislead, confuse and keep the masses chasing hopeless turds while the real coins were being mined and hoarded by those who understand what's going on.

So unless you can find a coin which had a lot more than PoS as its [copy and paste] competitive advantage then I'm sorry to say, you have not found the next Bitcoin.

And don't worry, Bitcoin will not have 21 million coins forever.  That's another lie to bring in the sheep.  There's gonna be massive inflation of whichever coin wins, AFTER the sheep are brought in, past the point of no return.  


Bait - Switch - Dilute.

It's gonna be a rerun of that old classic from 1935.

Call it what you may, but my money lies on a PoS coin taking over BTC and any PoW coin within 2 years.  It is not just the fact that a PoW waste millions in electricity a year, but certainly faster transaction times and other features coming out of PoS coins are far superior if they stand the test of time.

There are good technical papers written on this and PoW is easily the most secure choice.

We're talking about global transactions here with anyone trying to crash your network.  That's where PoW gets the job done and everything else is simply another gimmick.

So far PoS coins have certainly proven to be secure.  A PoW coins is basically an arms race, to consume the most amount of energy.  Do you have any idea how much energy is consumed in PoW?  The amount of leading zeros on a transaction hash (network difficulty) serves no tangible purpose.

For short term trades, I don't look if a coin is PoS or PoW, I just look at the things I feel newbie investors will look at when they come in [by the millions].  Things like name, [cheap] price, logo design, maybe active devs and a good reputation and other simple things like that.

So if the coins I'm buying (for a flip) aren't PoS then it's just a coincidence.

Longer term, there's no way I'd ever buy and hold any coin which is not PoW AND a coin secured with massive hash power, like iXcoin.  The reason is that's the single best way to secure a coin for mass, Global adoption.

PoS security is POS...pun intended, and without an ultra secure network your coin is DOA, good only for short term trading.

Hedge Fund states Bitcoin to surpass PayPal in dollar value transactions.

What does this mean?

It means we can properly evaluate Bitcoin's fair market value.

Skipping the present value cash-flow formula (since Bitcoin doesn't yet have such cash-flows) we can simply look and see that PayPal is currently valued at $20 Billion.

$20 billion divided by Bitcoin's ~13 million coins gives us a price of ~$1600.

But paypal is in a mature slow growth phase while bitcoin is in hypergrowth phase.

What this means, is that later this year, Bitcoin should at the very least, see a $2,000 price and may briefly touch closer to $4,000, before selling off back to around $1500.

Next year, well, next year, with the public ETFs, there's simply no way to know how high Bitcoin will go by it's going to be more than all the past booms combined and then some.

How come you don't invest in any PoS coins?

Impossible to say.  Last year, on a % basis, I would say Quark did the best.  Quark was and is a dog [with premined fleas].  A hugely premined dog.  But Max Keiser had a nice chunk of Quark so he mentioned it on his show and it blasted off.  Nobody could have seen that.

So that's why I say diversify and keep your eyes open, if any coin gets on some popular tv program then I would definitely start buying that.

Right now just focus on the really oversold coins with decent devs, not too many coins outstanding (with a couple exceptions like DEV and DOGE) and a good Coin Name, as many new investors will know little about the tech or even investing so they'll simply buy a coin whose name and logo they like. 

Some coins I've been accumulating on this ridiculous sell-off:  DevCoin, CasinoCoin, NetCoin, WorldCoin, GrandCoin, CASHcoin, Doge, and a few others.

Do your research and don't hesitate to buy if it looks and feels right.  And don't be that guy that thinks a triple is a lot of money. I'm certain some of these coins will do 20 fold and some will blow past 100 fold returns!

I was tempted to think the latter as well, simply cause last year we had a few dozen coins while now we're at nearly 500.  But that's not the case.

The reason is that this time there will easily be a 10-fold influx of new investors and more like 100 times the influx of new money , compared to last year's mickey jump [compared to what's coming this year and especially next year] as many hedge funds and professional investors have been buying and will buy more.

So all these hundreds of ShitCoins, most of them should see a huge spike and a few should see at least 100 fold growth in price while a select 1 or 2 should see a 1,000 fold increase.  That sounds impossible but with so many decent coins sitting at 1/10th of 1 penny (and cheaper) a coin would only need to hit $1 for a 100,000% ROI.

Like CASHcoin, that coin trades at 1200 Satoshi now with literally only 3.4 million coins out there.  Such a coin could see demand outstrip supply in a massive way and it could see, not $1, but $10+.  And there are now quite a few ridiculously prices coins, well under 1/10th of 1 penny with decent developers, limited number of coins outstanding and in good niche markets (like CasinoCoin).

So diversify, and don't sell for a paltry triple like most people did last year as i was screaming at them:  DONT SELL!!!  haha!  Sell only chunks of say 25% at a time and leave the final 25% there just in case you own the next Bitcoin or if that coin just keeps going and going and going...

Good luck!


Disclosure:  I have been recently buying oversold coins like CASH, Casino [of course iXcoin] and a number of other coins for a quick profit in the next crypto boom, on the basis that these coins are far below their relative fair market value [compared to other pumped coins with nothing new or tangible to offer].