I wish the PoW will last much longer.
Wouldn't be surprised if they figure out PoS won't work and stay on PoW, especially after Vitalik's recent praise on the "benefits" of inflation (lol).
Topic: Vitalik scamming live on camera - page 2. (Read 4482 times)
Wouldn't be surprised if they figure out PoS won't work and stay on PoW, especially after Vitalik's recent praise on the "benefits" of inflation (lol).
i think the ethereum price will be fail after POS started 
I think that could happen. None of the PoS coins are performing better than the PoW bitcoin. I wish the PoW will last much longer.
i think the ethereum price will be fail after POS started
I never bought into all the eth hype on here, never bought a single eth. But i do mine eth as it is profitable and it paid for my S9 miners. Whether its price goes to shit or not wouldnt really effect me much going forward from here.
Pro Googler has not been back since i outed him and his dummy account.
I am pretty damn sure he has a LOT of them too.
I just can't believe the level of brat stupidity that these guys pull.
They think they can hop from account to account attacking other peoples credibility.
..while hopping from account to account LOLOLOLOL
Like really ? after all this time you guy still think that crap works ?
You REALLY think people buy your crap and don't see through you ?
That tired old cliche'd ploy here is as dumb as ever.
Who do you guys think your fooling ?
My advice ?
Grow a pair instead of being spineless little chicken cowards..
Pick an account and stick with it and own up to your crap.
Enough with the hiding and throwing stones from the shadows like wimpy little pussy bitch.
..and check if you live a Glass-House too first
EDIT:
Why did you all invest in ETH while back ?
You all were impressed by how many NOOB accounts were created to spam and advertise ETH here.
You all thought damn they must be pullin' one hell of a HUGE P&D ..i gotta get in on this !
The big sign to buy Ethereum was a the flood of dummy accounts created ?
Is that not sad as fuck ?
I am pretty damn sure he has a LOT of them too.
I just can't believe the level of brat stupidity that these guys pull.
They think they can hop from account to account attacking other peoples credibility.
..while hopping from account to account LOLOLOLOL
Like really ? after all this time you guy still think that crap works ?
You REALLY think people buy your crap and don't see through you ?
That tired old cliche'd ploy here is as dumb as ever.
Who do you guys think your fooling ?
My advice ?
Grow a pair instead of being spineless little chicken cowards..
Pick an account and stick with it and own up to your crap.
Enough with the hiding and throwing stones from the shadows like wimpy little pussy bitch.
..and check if you live a Glass-House too first
EDIT:
Why did you all invest in ETH while back ?
You all were impressed by how many NOOB accounts were created to spam and advertise ETH here.
You all thought damn they must be pullin' one hell of a HUGE P&D ..i gotta get in on this !
The big sign to buy Ethereum was a the flood of dummy accounts created ?
Is that not sad as fuck ?
lol love reading these threads going to shit!
Riveting...
i looked at your post history and after seeing your 3 rd comment..
I would guarantee 10000000000000000000 % you are ProfesionalGoogler
No joke i would bet anything conceivable you are one & the same.
..yet ANOTHER dummy / troll account from the scammer / shill.
How many do you have here ProGoogler ?
Riveting...
Everyone but r0ach is a scammer according to r0ach.
Maybe r0ach thinks he himself as a scammer.
Does r0ach scam himself?
Maybe r0ach thinks he himself as a scammer.
Does r0ach scam himself?
No just you..
You are the one who went and asked for 15k on a loan with no collateral.
Which is how you got your NEG rating here..
And i have a suspicion who you are too.
I been waiting for you to trip up & you will eventually.
Your dummy shill account here will be exposed at some point.
So it's funny you think you have room to talk here busted scammer scam coin Shill ROFL
PS:
ETHEREUM is an ICO scam.
they plan to change from PoW to PoS, that is why people say that it is a bad idea/scam.
I prefer the efficiency of PoS, but don't understand the technical side of it, so couldn't say if it is flawed or not.
I prefer the efficiency of PoS, but don't understand the technical side of it, so couldn't say if it is flawed or not.
It looks like he's just making shit up to try and save this $1 billion dollar fugazi now. Why he's wrong:
Why proof of stake has no value:
Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary. So why are two confirmations more useful in Bitcoin (PoW) than one? Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there's no upper limit to confirmations.
Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails. The act of introducing interest compounds this problem even more. This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.
On top of being worthless, proof of stake is also a permissioned ledger. The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.
Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary. So why are two confirmations more useful in Bitcoin (PoW) than one? Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there's no upper limit to confirmations.
Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails. The act of introducing interest compounds this problem even more. This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.
On top of being worthless, proof of stake is also a permissioned ledger. The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.
I am curious why you have POS in your quote. Is it not Ethereum runs under Proof of Work? I think this is the better way to go even if it's wasteful.
so ETH will change from POW to POS ? maybe comeback to POW again ? 
I hope it will not change to PoW too soon. If the PoW last 10 years, it will hold the value of the Etheruem better.
Lots of shit-posting about the OP but he's actually right.
Vitalik is a borderline scammer with this Bullshit.
ETH is Maid 2.0
Vitalik is a borderline scammer with this Bullshit.
ETH is Maid 2.0
@r0ach, are you trying to buy more cheap eth before the whole world of bitcoin implodes ? What are the chances of bitcoin going over ~800$, 10% ? Even if it surpasses 1k $ with alot of chinese farmer pumps ( they ll try hard to increase btc price especially after the halving since 90% of the hashrate will be controlled by them) but it simply wont hold, and the price will go back to < 600$ which will make it unprofitable to mine for half miners out there, and it will have a slow and painful death, since people will think its just temporary and it will recover.
One has bought 1% of the coins and getting therefore 1% of new coins and transaction fees. His stake is growing in percentage to other (smaller) accounts, if he doesn't spend any coins.
You say he is getting richer all the time and POW is different?
You say he is getting richer all the time and POW is different?
If you read what I typed, the idea of compound interest in "stake" systems was only a secondary problem that was in addition to the main point.
I still see no difference in monopolization with stake size or hash rate. Both will make the richer get richer by itself.
Only if you burn the transaction fees (and maybe without interest/mining reward) it may not be the case.
But this kind of system would not attract enough people to success...
One has bought 1% of the coins and getting therefore 1% of new coins and transaction fees. His stake is growing in percentage to other (smaller) accounts, if he doesn't spend any coins.
You say he is getting richer all the time and POW is different?
You say he is getting richer all the time and POW is different?
If you read what I typed, the idea of compound interest in "stake" systems was only a secondary problem that was in addition to the main point.
Everyone but r0ach is a scammer according to r0ach.
Maybe r0ach thinks he himself as a scammer.
Does r0ach scam himself?
Maybe r0ach thinks he himself as a scammer.
Does r0ach scam himself?
Why proof of stake has no value:
Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary. So why are two confirmations more useful in Bitcoin (PoW) than one? Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there's no upper limit to confirmations.
Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails. The act of introducing interest compounds this problem even more. This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.
On top of being worthless, proof of stake is also a permissioned ledger. The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.
Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary. So why are two confirmations more useful in Bitcoin (PoW) than one? Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there's no upper limit to confirmations.
Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails. The act of introducing interest compounds this problem even more. This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.
On top of being worthless, proof of stake is also a permissioned ledger. The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.
Ok. Let me explain, why this is wrong with this example:
POS
One has bought 1% of the coins and getting therefore 1% of new coins and transaction fees. His stake is growing in percentage to other (smaller) accounts, if he doesn't spend any coins.
You say he is getting richer all the time and POW is different?
POW
One has bought 1% of hashing power and getting 1% of new coins + the transaction fees.
If the miner uses the whole money to buy hashing power. Guess how much much his % grows compared to the other ones? Its about the same amount as it does with POS.
The problem is NOT POS or POW. The problem is, that the richer are always getting more than others. It was like that thousand years ago and it will be like that also thousand years in the future, if we stick to money as THE central life instrument. The only way to solve that, is to remove the possibility of storing value at all or understand that its not needed.
r0ach will reply to this soon. He just needs to find a link.
Why proof of stake has no value:
Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary. So why are two confirmations more useful in Bitcoin (PoW) than one? Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there's no upper limit to confirmations.
Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails. The act of introducing interest compounds this problem even more. This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.
On top of being worthless, proof of stake is also a permissioned ledger. The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.
Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary. So why are two confirmations more useful in Bitcoin (PoW) than one? Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there's no upper limit to confirmations.
Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails. The act of introducing interest compounds this problem even more. This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.
On top of being worthless, proof of stake is also a permissioned ledger. The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.
Ok. Let me explain, why this is wrong with this example:
POS
One has bought 1% of the coins and getting therefore 1% of new coins and transaction fees. His stake is growing in percentage to other (smaller) accounts, if he doesn't spend any coins.
You say he is getting richer all the time and POW is different?
POW
One has bought 1% of hashing power and getting 1% of new coins + the transaction fees.
If the miner uses the whole money to buy hashing power. Guess how much much his % grows compared to the other ones? Its about the same amount as it does with POS.
The problem is NOT POS or POW. The problem is, that the richer are always getting more than others. It was like that thousand years ago and it will be like that also thousand years in the future, if we stick to money as THE central life instrument. The only way to solve that, is to remove the possibility of storing value at all or understand that its not needed.
Nobody is "buying" your coins. I'm not touching them. I could care less how low they go.
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