Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem)

Quote from: smooth on October 22, 2017, 08:51:30 AM

@Hyperme.sh

I agree that spammers with very large stake (and as you say, possibly little or even negative economic exposure; btw, this need not be direct shorting, etc., it could include having a positive exposure to a competing system) can disrupt by spamming. They could also disrupt by electing malicious or just poorly-performing block producers, especially given the natural and inevitable voter apathy problem where a large portion of stake does not and will not vote intelligently or at all. (It is quite plausible to me that a motivated 10-20% stakeholder could either vote all block producers or disrupt the voting sufficiently to cause other problems.) I'm not sure how much the spamming angle adds to this sort of vulnerability, but maybe it does. Overall, I'd rate this claim as unproven by both sides.

Well you know how the claim is unproven stuff goes.

That has been said about democracy for the past few 1000s of years and the argument goes on incessantly never to be unequivocally accepted as proven. Yet voting keeps causing megadeath but nobody quite seems to ever acknowledge the inviolable generative essence of the issue.

But do not mind me, I am just a delusional nutcase who believes in some expositions that 160 IQ genuises write about generative essence.

Quote from: Hyperme.sh on October 21, 2017, 10:43:56 PM

Politics is rule by the manipulated sheep mob, i.e. thuggery by proxy. It is what we are trying to eliminate with decentralization.

Marting Armstrong explained:

Quote from: https://www.armstrongeconomics.com/products_services/products/one-world-currency-report-is-not-included-in-the-wec/

The Silver Democrats virtually bankrupted the nation because they were paid off by the silver minors who had them overvalue silver at 16:1 to gold when in fact the ratio was more in the area of 133:1 at that time (1884 211,080 $20 gold coins v 28,136,000 $1 silver dollar coins).

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If we look at the entire imports of gold and silver from America to Spain as reported by Earl J. Hamilton, we see 5.8 million ounces of gold compared to 545.4 million ounces of silver. This shows the real silver to gold ratio was 93.31 to 1. Indeed, just after World War I, this ratio soared to 120:1.

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Quote from: http://historymatters.gmu.edu/d/5354/

If they dare to come out in the open field and defend the gold standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands for a gold standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold.

The Silver Democrats, led by William Jennings Bryan (1860-1925) and his famous speech against the Gold Standard, overvalued silver on a ratio to gold at 16:1, which led to massive arbitrage. Silver poured into the country and gold fled. This unsound finance led to the virtual bankruptcy of the USA by 1896.

This is when JP Morgan came to the rescue and arranged for a gold loan to bailout the US Treasury. It was Morgan who made every effort to raise the stature of the United States in dealings in London. Indeed, by 1914, that was the final peak in the pound and thanks to World War I, Britain had found itself deeply in debt. The British pound had collapsed in value against the dollar significantly moving into 1920.