Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I'd recommend storing all wealth in something you control. Remember if you don't own your keys, you don't own bitcoins.
You and everyone else in this thread need to stop your stupidly obvious lies. Holding private keys does not mean you control the coins. Craptocurrency is no real difference from "cloud storage". The designed to centralize mining monopolies (aka transaction validators) running the infrastructure are the only people who control the coins. You have absolutely no fucking say whatsoever in whether they allow or disallow you to do something with the so called "money" you pretend to own.
Anyone who disagrees with this is an obvious liar because we've already had numerous examples of cartel collusion blacklists and arbitrary freezing of coins in almost every blockchain, from things like Silk Road coins, to Ethereum freezing coins from DAO and other stuff, to EOS blacklisting coins, the list goes on. The blacklists and permissioned nature of the shitchain will only increase more by the day. The term is called creeping fascism. There's no reason anyone should ever support a non-fungible currency where transaction validators are designed to centralize (aka every single blockchain ever created).
Physical metals = permissionless and freedom. Any digital fagchain bullshit = permissioned ledger slavery system 100% guaranteed to be a replica of the Chinese social credit score system over time.
Aye,
If only there were some 'craptocurrency' that prevented miners/puppet masters of the world from seeing who you were sending stuff too or what address you sent from to prevent that type of centralized fascist dystopia you speak of from occurring. Don't even get me started about those mining corporations and their pesky ASICs. If only there was a way to prevent that type of thing from happening... and the real sad thing is that these craptocurrencies are allowing this to happen! ... If only there were a craptocurrency project that actively tried to prevent ASICs from being profitable by switching their mining algorithms around and hid your transactions by default, then, and only then would you have a currency that promotes true economic freedom.
Monero does not fix anything I stated and is also completely inferior to physical metals. Yes, it *attempts* to blind transactions (fungibility) and does it at a success rate below 100%, maybe 0% depending on who is watching, but that's also completely pointless when it does nothing to fix the real, main Achilles heel of all cryptocurrency being that transaction validators are ALWAYS designed to centralize in every single one. Without fixing that (it's not possible) nothing you do has any point.
It's 100% impossible to create a decentralized digital currency because it would require using unprofitable PoW and having everyone process their own transactions like email PoW, but unprofitable PoW systems like IOTA are unworkable and require artificial convergence, so you're back to square one of creating a decentralized digital currency being impossible. And you actually think having coin developers constantly change the mining algo is a good thing? That's identical to having central bankers.
I don't need a fucking central banker to change the mining algorithm of my physical silver or gold, or to constantly flash "update to wallet 0.17.0!" at the top of this forum. That's another central banker stupidity feature having centralized coin devs telling/forcing you into doing things. Stop pretending worthless digital shitcoins have any value compared to metals - the thing they attempt to emulate and don't succeed in any aspect. They're a fugazi - fake, an imposter.
1) How does it not succeed in "attempting"? Here's a tx I sent out a couple weeks ago; care to explain what address received the coins and how many coins I spent... better yet what my address is?
Code:
6ab8676b2a00df44b5c9d6f4dec5c7267194d37fe5eabc7763810051e5837289
2) People aren't single highhandedly verifying their own transactions or is anything like email... Obviously the hashing scheme is for competition to verify them, I still don't see any problem with that.
3) The hashing algorithm isn't closed source. You don't have to trust the devs that the hashing scheme is legit or not. Also how is it bad for PoW to be harder to centralize through the use of ASICs? Didn't you just say that the centralization of 'craptocurrencies' through mining were a bad thing?
4) Care to explain how the devs "flash update" anything on a whim? They are scheduled bi-annual upgrades and are announced way in advance for people/exchanges to prepare.
5) Lol @ the thought of needing an algorithm in order for digging for precious metals to occur.