Re: Is POW systematically doomed to get a huge monster in its midst?
It's fucking amazing how you always respond by entirely ignoring the key sentences I already wrote that refute what you replied...
And you completely ignored the point I made about getting electricity for free.
For traditional economies built around fiat currencies and national central banks, it has been understood that economic growth is directly related to the confidence the investors/entrepreneurs have to the system to function as it has been promised.
Seriously @anunymint, isn't it better to remain focused?
Seriously could digest all the concepts at one time or is your brain incapable of assimilating information.
I have put you on Ignore. I will not be replying to anymore of your incorrect replies. Youre a time waster.
ASIC is completely a different problem. I've spent a considerable time to fight against the "inevitability of ASICs" discourse going that far to suggest a strategy for bitcoin to get rid of ASICs
And you completely ignored the point I made about getting electricity for free.
And if mining isnt uber profitable for them, then it wouldnt be profitable for anyone, because they will always be the lowest cost miners. However I do think they are less profitable than those who use their Bitcoin for more lucrative investments and thus the global elite are actually not a threat. IOW, all they can really do is enforce the Nash equilibrium. They cant actually do any malfeasance and this is why Bitcoin is a good approximation to John Nashs Ideal Money manifesto.
IOW total centralization of control over mining of Bitcoin is not total centralization of the economy built on Bitcoin.
IOW total centralization of control over mining of Bitcoin is not total centralization of the economy built on Bitcoin.
For traditional economies built around fiat currencies and national central banks, it has been understood that economic growth is directly related to the confidence the investors/entrepreneurs have to the system to function as it has been promised.
Seriously @anunymint, isn't it better to remain focused?
Seriously could digest all the concepts at one time or is your brain incapable of assimilating information.
I have put you on Ignore. I will not be replying to anymore of your incorrect replies. Youre a time waster.
Again?
You are mad with me because I didn't reply to your melancholic comments about elites on the top of the food chain and how you feel safe in hands of them because of Nash's equilibrium? (I'm sure you are kidding about free electricity)
Dude, I just tried not to make you ashamed, in my culture, we don't push on the competitors wounds and weaknesses.
This melancholy with 1% shit, it is your weakness, believe me.
But apparently, you want it, So, here you are:
You think we are fools and you are so smart because you have discovered that wealthy is powerful and can invest more and economy of scale helps it to outperform masses and,... but I think you are not smart enough to understand that it is not a "discovery" for last 200 years or so, this story has been told ever and ever and yet people are fighting and innovating to keep things more balanced and safe.
You think bitcoin is a conspiracy project for centralizing financial system even more and we are a bunch of childs and noobs who are being manipulated by crypto media (the think tank's PR).?
Dude, these ideas are too divergent to be discussed in a crypto forum, don't you get it? Aren't you smart enough to understand your divergence and find a community with a more similar discourse with yours and run your campaign there?
Bitcoin is about decentralization and bitcointalk is a place to discuss how we can achieve this goal. We have hard times and a long road ahead? No worries, we try more and take our shot. Is it that hard to understand?
We have no time to argue with neo-nazists or neo-cons or neo-f*kers, whatever about the inevitability of oligarchism, we are busy building a decentralized world and guess what? We have started from the heart and the blood: banking system and money!
So, try to catch up with the trend and participate in discussions productively or at least don't push people to mock at your ultra right understanding of bitcoin's agenda.