Quote from: r0ach on July 22, 2017, 06:13:09 PM

Quote from: sidhujag on July 22, 2017, 10:17:34 AM

Quote from: r0ach on July 22, 2017, 03:45:01 AM

Quote from: sidhujag on July 22, 2017, 03:22:58 AM

We are engineering money so crypto can evolve. Gold cannot.

You invalidate yourself with your own posts so I don't even need to put up an argument. Money doesn't "evolve". If money can "evolve" and randomly morph from one thing to another, that means it's not fungible and fungibility is a REQUIREMENT of money. It also means it's inevitable that it dies from rough consensus attack without a dictator attempting to force people to use one or another, which is obviously not decentralized.

Quote from: sidhujag on July 22, 2017, 03:22:58 AM

Zkp will allow things like sidechains and new trustless designs which will move biztech off mainchain.

There's no such thing as an "off-chain" transaction in craptocurrency in practice since every transaction has to be settled on-chain eventually. I covered all that here:

Quote from: r0ach on July 22, 2017, 03:00:06 AM

In simple terms, why you should hope cryptocurrency dies and gold and silver defeats them:

All cryptocurrencies are inherently rent seeking usury systems and a pseudo form of debt based currency if you will. The PoW chain does not just magically stay up on it's own, it requires a constant upkeep to exist at all (rent). A peer to peer physical gold or silver transaction can be done with no overhead cost; they're the equivalent of an off-chain transaction with no middleman or monopoly man gouging you with usury fees.

Cryptocurrency is completely different. Even if you attempt to do off-chain transactions via something like lightning network, or even in-person transactions with physical bitcoin bearer bonds, the transactions ALWAYS have to be settled on-chain eventually, so you are NEVER escaping the rent seeking usury system. Since the blockchain is highly scaling constrained, it's like condeming yourself to extreme usury in the end game. Bitcoin PoW is designed to centralize and the cartels running the mining operations will either be taken over by TPTB who already run the current system, or will just be a recreation of them in practice.

The further you abstract money away from barter, the larger a scam it is. Only physical commodity based currencies are sound money that remove middlemen while allowing you to escape the debt based, rent seeking usury system.

You dont know what your talking about literally. Im a coder your not. When i say things like engineering money im being subtle. I dont have time to explain to you why your closed mind cant comprehend the implications of that statement. What you just wrote shows me that you have no understanding of what money actually is. In fact there is no actual definition.

Zkp lets you totally design trustless offchain yet connected consensus protocols. Just watch and learn.

Says who? You just make up shit one after another. I started with MEL then went to Python. I don't code as a profession because it's torture. Same reason Anonymint always talks about coding but doesn't actually do any lol. You are 100% a flat out liar. You even claim cryptocurrency is "fungible" when a 10 year old child can see through that lie.

It totally is CT and schnorr sigs(with over 33% block size savings to boot!) will make btc fungible. Zkp can also make it fungible and it can make a trustless sidechain design. Your reading advice from a professional. It has higher weight than yours on the subject.

With segwit + schnorr we get effectively a 233%+ block size increase. So we will end up having miners settle for it come november when decision times comes for segwit2x. Basically we will see the strength of the system shown at full force proving that POW > POS or any other consensus mechanism that is not rooted or backed by POW, there is no silver bullet and POW is the best the world currently has for BFT consensus in our context.