Quote from: Keremgor on Today at 06:46:15 PM

Quote from: TangentC on October 30, 2021, 01:23:56 AM

Quote from: Nhazwrath on October 29, 2021, 11:13:48 AM

Slogans and fud that you push do not make for reality. It only attempts to warp reality. The china fud with electricity is rather amusing attempt on your part due to the fact that china is known for lying about well....everything really and, has a 4,000 year history of doing so. Following this logic you can easily see how you would believe everyone else's fud to push whatever coin they currently have, I've already pointed out Cardanos critical flaw which is currently unsolvable. Its betting on AI to catch up and solve the problem. but I doubt that will happen. even if it does the fact its designed to be centralized means its has built in corruption problems.

I do think bitcoins future hashrate has a pareto distro problem. It currently does not. Where in the future it has this problem is unknowable at this time.

Cardano has no critical flaw, but if you feel it is so critical then you should crash cardano to prove your point.
Forgive me for not holding my breath. Cheesy

PoW future is not unknowable, it is right in everyone face, just those who for personal financial interest refuse to see it.
PoW is designed to use energy in a competition to earn more than the other competitors.

The huge design flaw and the reason PoW is a technical dead end, their is no limit to the energy required for their competition,
meaning at some point, the PoW miners are not only competing with each other , but also complete against every other person that uses energy.
Your family for example use energy to heat / cool their homes, once bitcoin miners are willing to pay more for the energy than your family,
the price of energy will increase to the point the Bitcoin miners can still afford but your family can't.
But the competition between the miners will eventually reach the point the power grids can no longer sustain them , and the power grids collapse.
Bitcoin PoW Miners are after all nothing but greed in physical form.
Endless Greed not only destroys others , but in the end it destroys the miners as well.

https://forkast.news/headlines/kazakhstans-power-shortages-crypto-miners-scramble/
I imagine the people that are suffering rolling blackouts in Kazakhstan, wish that it was fud and not their reality.

Update:
https://compassmining.io/education/kazakhstans-power-shortage-outage-bitcoin-mining/
https://www.reuters.com/business/energy/kazakhstan-rations-power-after-coal-fired-plant-outages-2021-10-15/
https://eurasianet.org/kazakhstan-to-restrict-crypto-miners-amid-power-shortages

Quote

Facing a sudden energy shortage, officials must be regretting their recent embrace of the crypto industry.
"We have seen that our [country's] electricity consumption has literally increased by 7 percent in one year.
China offered a reality check this summer when it banned cryptocurrency use and mining on its territory.
Many farmers simply moved operations across the border, turning Kazakhstan into the world’s second-largest crypto miner.
The country’s share of global mining soared from 1.4 percent in September 2019 to over 18 percent

*The only real question is how long before Kazakhstan bans PoW based bitcoin to protect their people and power grid. *

PoW is a winner-take-all-let-the-rest-of-the-world-be-damned algorithm .
Which in the end there will be no winners.

PoS is a cooperative secured network, which requires user join forces to secure the network , at the same time, uses less energy per household than an xbox.

But believe what you like, you have ~2 years before the truth can no longer be hid , even by the cult mentality,
no lights, no heat, no ac, will do what the most profound logical argument can't, it will snap you out of the bitcoin cult mentality.
Cool

Quote from: BlackHatCoiner on October 29, 2021, 01:31:36 PM

Quote from: TangentC on October 29, 2021, 01:12:00 AM

If you think everycoin not bitcoin is a shitcoin, then you are a bitcoin cult member.

Well, every cryptocurrency, besides Monero, that I've dived into was much worse than Bitcoin, so yeah I'll support Bitcoin instead. No need to label it. I'm not into a cult. There's no leader either way.

Quote from: TangentC on October 29, 2021, 01:12:00 AM

The rest of the pools are irrelevant since the top 4 mining pool overlords can 51% attack at a moment's notice.

It's not as easy as you say it is. If they'll ever want to reverse a transaction, the miners will know it. It's down to the miners' decision if their attack is going to succeed or not. The miners receive headers which include the height. Thus, a pool can't attack if the miners are unaware of it.

But, again, same thing happens with Cardano. As I said, less than 1% of the ADA users, hold the majority of the coins. What makes you think it's more resistant to a 51% attack?

The Leader of Bitcoin is the Bitcoin Dev Team : Blockstream, that has limited the onchain transaction capacity of btc and put out the most of the repeated nonsense.
And the majority of bitcoin cultist regurgitate every false hood they proclaim.
https://www.bitcoinminershashrate.com/cbdc-exploration-organized-by-a-group-of-central-banks/

Quote

Silvergate Bank made the first commitment from the crypto community to the digital assets department.
This is Benjamin Richman, former director of business development and partnerships at the Blockstream bitcoin technology start-up.

You should actually study Proof of Stake, you would learn alot.
(Go search Cardano or Algorand resources for information, it will enlighten you as to the truth.)
https://www.algorand.com/resources/blog/silvio-micali-lex-fridman-algorand-and-the-blockchain-trilemma

For one thing
Proof of Work miners have fixed % of domination equals to their hashrates.
Four PoW Pool operators have dominated over 51% for over 4 years now.

Proof of Stake domination fluctuates with every coin staked, meaning a pool that has 51% control until they stake,
dominance immediately drops after staking, no longer maintaining 51%. Some PoS coins even ban staking for a given time frame after a stake occurs.

No Proof of Stake pools can maintain 51% domination of a chain due to their staking % always in flux.

While a PoW network can be 51% attacked , basically forever, that can never happen with PoS.
It also means the most deadly 51% freeze attack where all new blocks or transactions are blocked from the chain in PoW , that PoS is totally immune from. Wink

Cardano and other POS are premines and İCO,they are all centralized and Governments can crush them easily. Cardano rich list %1 owns %70 of all coins.
POW you trust decentralization, is secure with miners, in POS you trust to the wealthiest Validator.
POW is hard to ban,POS is easily censorable.
POW coins produced by hardware and electricity,POS is like FED,ecb printer machine brr...
POW is Satoshi Nakamoto choice ,POS is ico,premine and firm venture capitalists.

1. Satoshi is dead.

2. All new coins are Proof of Stake, so PoW have already lost the war. Bitcoin users are just too stupid to know it yet.

3. China banned bitcoin mining easily, and so will the other countries in time. Miners can't draw more power than 20000 homes and expect to be able to hide.

* Have a Nice Day. *