Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
CRED.me
on 18/01/2018, 20:45:55 UTC
It's a cool name, and I also like the idea of .0 file extensions, but be ready for the easy memes during dips: "Zero is going to zero, sell everything".

Zero is the most recent proposed name for a proposed new programming language (an attempt to replace Go, JavaScript/Node.js, and C++ with something better, more fundamentally sound, modernized, more safe, and less of a clusterfuck). The proposed decentralized ledger’s name (and in fact the future website) is to the left above where it currently is written “Newbie”.



Quote from: anonymous
Do you think r0ach might change his mind if somebody proves that "decentralized digital currency" can exist?
afair you also stated that bitcoin is designed to centralize (ditto forks).

@r0ach is wanting an absolute surety with money. Even the Bible explains that is folly. As well, the Bible says we will throw our gold and silver into streets in the future and it will not save us in that day of future reckoning. If @r0ach accepts that civilization depends on cooperation and that cooperation isn’t absolutely sure, then IMO he might better understand. It’s ironic that he wants a money that is entirely independent of cooperation, yet money has no value without agreement (i.e. cooperation) about what is money.

He is correct that afawcs, all the existing decentralized ledger consensus algorithms presented so far, do have a problem that they require an oligarchy control in order to function properly:

https://gist.github.com/shelby3/e0c36e24344efba2d1f0d650cd94f1c7

https://busy.org/eos/@dan/in-defense-of-consortium-blockchains

We will introduce a decentralized ledger design wherein I posit that the power-law distribution of wealth is less potent and anti-fragility is greater. I remain cognizant that the game theory analysis of such systems is quite labyrinthine, so we’ll have to see the outcome of peer review.

P.S. I can’t go around the forum correcting every Newbie who doesn’t understand that I’ve already studied every proposed decentralized ledger design. For example, I saw someone raving about Spectre (not Spectrecoin and not the new CPU malware), but they haven’t read everything I have written. Ditto Nimiq, Raiblocks, Iota, etc…but that says nothing about whether they might still be good greater fool speculations.