Quote from: alkan on April 13, 2017, 09:07:24 AM

Quote from: alkan on April 10, 2017, 06:23:40 PM

Quote from: iamnotback on April 10, 2017, 06:10:53 PM

Quote from: alkan on April 10, 2017, 06:06:22 PM

Quote from: iamnotback

Besides the shadow elite are apt to love the altcoin I will launch, because they will see it as yet another speculation that falls under Bitcoin's umbrella.

Why would they love a currency that is designed to be truly decentralized? Please be more specific on that.

Because they don't think anything can be. They will view it as another speculation or if necessary something they can capture when needed.

I assume you meant "decentralized". But that leaves us with a dilemma:

a) They think it because they are very smart and proved the impossibility of decentralized currencies before releasing Bitcoin. Though that would mean that your design would turn out as impossible as well. Either because it's impossible as such or because it will finally get captured by them.

b) They didn't prove it and just think (or hope) it. In that case they would be very dumb (and thus cannot be called an "elite") since they must have been aware of the risk that someone would eventually come and fix Bitcoin's flaw of becoming centralized.

@iamnotback: Do you have any thoughts on how to solve that dilemma?

From my deep study of the range of plausible designs for a blockchain consensus system (and I studied much deeper than in than what is contained in that linked thread), I conclude that it is impossible to have a fungible token on a blockchain in which the consensus doesn't become centralized iff the presumption is that the users of the system gain the most value from the system due to its monetary function.

However, I was able to outsmart the global elite, because I realized that if the users of the system gained more value from the system for its non-monetary function and iff that value can't be financed (i.e. its value can be leeched off by control of fungible money), and if I provided a way for the users to provide the Byzantine fault DETECTION as a check-and-balance against the power of the whales and if I provided this in a way that is not democracy and is a crab bucket mentality Nash equilibrium, then I would have defeated the problems with the concept of fungible money.

The elite simply weren't aware of these concepts, because I invented them. Nash didn't know this.

And that is what I intend to launch with BitNet.

Quote from: iamnotback on April 13, 2017, 10:52:31 AM

Quote from: dinofelis on April 13, 2017, 09:38:18 AM

Satoshi clearly stated that he intended to have VISA-like transaction volumes on-chain with bitcoin, but that bitcoin would become a semi-centralized served thing.

He lied by not mentioning that isn't his intended use case. He was just responding to a question about if Bitcoin could scale from a bandwidth consideration alone. You can find other cases where he lied by not pointing out how impractical something would be, such as how he claimed some nodes would still be willing to process a transaction for free:

Quote from: http://www.metzdowd.com/pipermail/cryptography/2009-January/014994.html

When that runs out, the system can support transaction fees if
needed. It's based on open market competition, and there will
probably always be nodes willing to process transactions for free.

Duplicity is exactly what you'd expect from secret agents working for the global elite.

Quote from: dinofelis on April 13, 2017, 09:38:18 AM

I read from Satoshi also that he realized that his system would only be viable in the long term in the hands of an oligarchy of miners.

So why can't you add 2+2?

He knows it will become centralized yet some how he thinks hobbyist nodes will still process for free. Satoshi was a liar.

Btw, John Nash was a prankster and deviant.

I was listening to him in an interview and he said he isn't concerned about helping the poor, because he said they are adjusted to their poverty.

Quote from: dinofelis on April 13, 2017, 09:38:18 AM

So much for the P2P nature of bitcoin, which was only intended as a bootstrap with useful idiots. He clearly didn't care about a long-term P2P network, and the importance of decentralized nodes:

Now you are starting to understand.

So why can't you add 2+2?

Quote from: dinofelis on April 13, 2017, 09:38:18 AM

The block chain was just the ledger that a few oligarchs would share amongst them, hopefully keeping one another in check, to serve as the new centralized VISA backbone to which all users would connect.

However, the way bitcoin is evolving, and was actually designed with the 1 MB limit (and other practical limits), is that on chain transactions will be limited to a few big actors and will not reach large scale, but on the other hand, that most people will be able to download a chain with which they cannot do anything apart from contemplating how big guys are filling it with their expensive transactions.

Bitcoin is "rich sleasy business" OWN private money, NOT to be used by normal people, contrary to what Satoshi initially announced. Bitcoin IS downloadable by anybody, but not usable ; Satoshi announced bitcoin to be usable by anybody, but not downloadable except for a few miner oligarchs.

And why did it become a rich sleazy business money and not a VISA administered by a few miners ? Because Satoshi put himself a 1MB limit on the block chain. If he understood the game structure of bitcoin, he would have known that this limit would become immutable because it was needed to generate fees (which he needed for reasons of his diminishing coin creation scheme in the longer term) but then it couldn't turn into a VISA kind of money and he would deny what he had been proposing from the start - and if he didn't understand the consequences of him introducing a "temporary" 1 MB limit, then he couldn't foresee that it was going to become a rich-business-only crypto either.

Yup. So why can't you admit the evil genius of Satoshi?

Btw, I think it was necessary to murder John Nash before the blockchain scaling debate reached its boiling point. Because by now even people such as yourself are starting to realize something smells funny.