Post
Topic
Board Speculation
Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
by
iamnotback
on 03/04/2017, 04:08:12 UTC
ltc is actually making me emotional recently, its obviously undervalued but not exempt from manipulation.

I am pondering this:

Uh oh:

https://www.reddit.com/r/litecoin/comments/631ffe/pools_that_block_litecoin_development/dfr3weo/

Seems some people might not understand capital, game theory, economics, etc.

I didn't like the conversation. I hope that is not representative of miners believing some BS about going slow on SegWit. The political propaganda on Redditard is thick.

Hopefully the economics of mining overruns lies and nonsense. I think so. Miners are in it for profit and they should be finding every way to maximize their profits.

The BS about faster block period enabling better scaling is a lie. It entirely ignores the equation on orphan rate which related to the ratio between block size and block period. As block period shrinks, block size much shrink proportionally. Thus the current message displayed on this Reddit community is propaganda. And I am also starting to wonder if you are also a political manipulator propagandist.



@dinofelis, I cited our upthread discussion in the Litecoin community. I also explained there that as a PoW coin matures it becomes much more intractable to gain consensus for significant protocol changes. Bitcoin being the dominant reserve could finance the change to the protocol of a lesser chain, if the quorum whales of Bitcoin who have any vested interest have a consensus to do such an attack. So I guess that is a clarification of my upthread claim that only the dominant PoW could be immutable. The lesser PoW chains are less immutable but the immutability game theory is still somewhat favorable.

The generative essence is that politics is a clusterfuck of inaction when it requires agreement on a single action. The only way politics functions is via debt and giving everyone everything at the same time, with no actual consensus. This was Satoshi's clever insight on how to attain immutability.