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Wow. You were a miner. Impressive. Too bad you didn't learn anything that whole time. Oh what happened to your old account? I am sure you didn't lose it as a result of anything unsavory right? Sure making coins is easy, but managing them is not. Neither is taking a low cap coin and bringing its market cap up to 10 million dollars. Also the coin protocol I managed, Infinitecoin, was literally cloned and re-branded as Doge, later they added inflation. So just maybe I know a tad about how blockchain works, the protocols, and how mining works considering I was responsible for balancing the network. It was also the #3 most popular coin in China for a while BTW, but that's easy right?
However please do tell me more about how mining made you an expert in blockchain technology.
You forked and ran a shitcoin! Nice! Much professional. You must understand everything about PoW, PoC, PoS, and pretty much every other work type out there, right?
I remember at one point in time, I was 0.3% of the whole mining network.
I never mentioned anything about flaws in the PoW sysetm, I was pointing out the gaps in your understanding if you think capital is the only reason to use PoS over PoW. This also shows a fundamental ignorance of basic economic principals such as inflation.
Proof of work seems a lot like socialism once you abstract the meanings. But nah, you just confuse proof-of-work with proof-of-stake.I never mentioned anything about flaws in the PoW sysetm, I was pointing out the gaps in your understanding if you think capital is the only reason to use PoS over PoW. This also shows a fundamental ignorance of basic economic principals such as inflation.
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Uh huh. So far you have demonstrated you don't really understand PoW or PoS systems, or even basic economics, but I have no merit. Ya. Ok.
BTW reading that excerpt over and over... not seeing even the slightest hint of Socialism in there. As I explained before the capital does the work in the blockchain (the miners), and the more capital you have the more votes you have. Bitcoin is a system of mutually beneficial greed, AKA Capitalism. Satoshi goes over this in great detail. The only way you get Socialism out of that is if you live in a delusional fantasy land where everything just is what you say it is because you believe it, facts be damned.
So far you've demonstrated the inability to understand the implementation of bitcoin (which is a pretty straight forward pow implementation). You try to conflate the argument with tedious unrelated societal points rather than arguing at the abstracted technical layer. I think your primary purpose is to gaslight other individuals rather than contribute to this conversation. The fact that you haven't been banned is quite a sentiment to the libertarian nature of this forum.
As I've explained before, proof-of-work is not proof-of-stake. Proof-of-stake is pretty pro-capitalist in which the individuals holding the most capital makes the rules. Proof of work is pretty socialist in which the workers choose the rules.
If you're too dense to make the connection between "proof-of-work" and workers, then that's on you buddy.
I'm pretty sure arguing with you is akin to arguing with a flat earther, no amount of evidence or proof would change your opinion on the subject. I'm pretty sure I could sign a message as if I were Satoshi, and you'd still deny that as evidence.
Also, I like how you say "Satoshi goes over this in great detail" in which you don't even provide proof. Later, you go onto say "out of that is if you live in a delusional fantasy land where everything just is what you say it is because you believe it, facts be damned" which is pretty ironic in that instance
