Quote from: bones261 on January 21, 2018, 04:32:42 PM

Quote from: realr0ach on January 21, 2018, 04:24:26 PM

Quote from: Torque on January 21, 2018, 04:15:46 PM

Quote from: realr0ach on January 21, 2018, 03:40:58 PM

You are all wasting your time. It is only possible to build usury schemes that centralize transaction validators through economy of scale, and those then turn into federated chains/permissioned ledgers by default.

Is that right?

So let's say all of us idiots bought into your bullshit, but invested in Bitcoin anyway. And we road the wave all the way up to full federated ledger status. We then sell all our bitcoin at $1M/btc and buy up 10,000X more physical silver than you'll ever own in your lifetime.

Thus we outsmart you again. Checkmate fool.

If you know bitcoin is bullshit and it's not even possible to create a decentralized digital currency, yet you lie to people to try and get pump and dump profits off old retarded pensioners playing the greater fool, there is no moral difference than just flat out robbing an armored car. It is just white collar criminal vs blue collar criminal, so you might as well just start hacking bank sites or whatever to steal the money if you're going to be a white collar criminal, or go be a blue collar criminal and attack the Brink's truck.

You are playing the coward's way, be a criminal while pretending not to be one. Or what virtually every single Jew in finance on the planet does. And if your criminal enterprise is solely trying to trick people into buying your pump and dump, you are being a completely inefficient criminal. Why not start an IPO to scam people like Vitalik? Where does it end? How far are you willing to go?

Can you please explain why you are blogging on Steemit then?

Good question. Since bitcoin is a giant, complex, dysfunctional Rube Goldberg machine, and mastering both the economic and technical aspects of it takes a stupendous amount of time, I did not have a firm grasp to classify just what bitcoin is, is it based on usury, or is it possible to create a decentralized digital currency at all, etc, until very recently. The main reason I post on Steem is just because I knew Larimer from earlier BTC days and they don't allow you to post "we really need to get rid of the jews" videos on Youtube.

I've always said in the past that Steem had a dysfunctional economic model, but still, you are not required to purchase anything to use it. They just provide you a free service like Yahoo mail. Unlike in bitcoin where the transaction validators hold your money hostage unless you pay a ransom fee to them. If the nodes of Steem are willing to keep the things up and run it at a loss because the economic model doesn't work, then what the hell. If nobody is buying or selling the tokens, that's all it really is. It probably doesn't even cost them much to do so. As you can see, I clearly posted there even while not making anything on posts, so it's more about posting somewhere the Jews can't try to "shut it down" than making money.

I wouldn't be surprised if Steem converts to fully centralized and just starts accepting ad revenue in the future to stay up, then it would just be like a more lax version of reddit/twitter. Right now that's mostly what it already is, just with severe obfuscation of the legal system to avoid any responsibility. Kind of like how all cryptos are designed to completely centralize, making them permissioned ledger/federated chains where the monopoly miners would clearly be responsible for what's going on. The legal system has just not caught up with it yet.

I mean, let's say every Chinaman in China is laundering money through BTC and Jihan Wu is running 60% of the miners or whatever himself. Like the legal system is not going to hold Jihan Wu responsible for those activities. The days of legal arbitrage in designed to centralize blockchains are highly numbered.