Quote from: r0ach on March 15, 2016, 12:05:42 AM

Unless you were an early Bitcoin miner, everyone could be far better off and more wealthy by abandoning BTC and switching to some random turdcoin.

This doesn't apply to my coin under development, because I eliminate mining-for-profit, but I don't eliminate mining. Every user mines. Nevermind that monsterer and others do not understand yet why this is secure.

In intend to turn ASIC miners into door stops.

Quote from: r0ach on March 15, 2016, 12:05:42 AM

The problem here is, so many altcoins exist, either with invalid security models or negligble feature differences from Bitcoin, that there can never be convergence on which turdcoin the crowd should abandon BTC for and switch to.

A real programmer with million end user software experience can do it. These crypto nerds (e.g. Bitcoin Core devs) and 20-year olds with no such experience, obviously can not accomplish it.

Quote from: r0ach on March 15, 2016, 12:05:42 AM

The next problem is, even if by some miracle of gawd this actually did happen, you would be degrading all credibility of your own crypto as a store of value at the same time. If a random turdcoin could pass or even get close to Bitcoin, it would mean that at any time your new coin could just as easily be overthrown and go to zero. This means the only logical move is likely to go with BTC or just stay out of the game period.

No in my case it would mean the widespread mass adoption has been achieved and nothing else can then challenge it.

Unfortunately for Bitcoin and the other altcoins, I suddenly got healthy due to a miraculous multi-herbal boiled leaves tea named "Pito-Pito" by JC Herbal Products in Bukidnon. Any one with any kind of disease, this is what you need. Looks and tastes like Robitussin cough syrup.

Quote from: r0ach on March 15, 2016, 12:05:42 AM

Distributed systems like Bitcoin aren't based on perfection, they're based on tradeoffs. For instance, you could remove mining to save energy and create a closed loop, recursive, PoS system, but without the external entropy of mining, you now have a permissioned ledger and not a real decentralized currency.

The solution is to make mining not profitable, but retain mining and expand it to all users of the coin. Couple this with a microtransaction design and widespread use case on a popular social network designed specifically for this purpose, so there is enough mining hashrate to render botnets ineffective.

Quote from: r0ach on March 15, 2016, 12:05:42 AM

With Bitcoin PoW, there really is no terminal failure unless the cryptography itself becomes compromised.

Lack of scaling is a form of terminal failure. As it devolves into centralization, the vested interests strangle it.

I need to get back to work.

This forum has turned into a pile of nonsense from a few trolls pumping ETH shit from numerous Newbie and purchased accounts. The mod does nothing to stop this Sybil attack on the forum, thus rendering the forum entirely useless for serious people such as myself.

Bye mprep!