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under the radar: bancor scam ! and ferrum network need to be also checked!
source : http://hackingdistributed.com/2017/06/19/bancor-is-flawed/
Bancor just did their Initial Coin Offering (ICO) last week and raised a record $144M within a few hours. They now hold the record for the biggest crowd-funding, ever, in the history of mankind.
in other words you can say to uneducated people some bullshit and even spread it all over the web with shitty youtubers.
Bancor uses lots of mumbo jumbo terminology.
Bancor addresses the "double coincidence of wants" problem in economics through an "asynchronous price discovery" mechanism that blah blah blah buzzwords blah and more buzzwords. Half of these buzzwords aren't even real. "Asynchronous price discovery" is a franken-word they made up. It borrows asynchronous from distributed systems and "price discovery" from economics. The crowds eat this stuff up, but in reality, it's just a giant red flag -- there's no content here.
Let's move on, for it's possible to have a good idea underneath fluffy marketing.
The core problem they want to address, "Double Coincidence of Wants" is not a real problem.
"Double coincidence of wants" is a real problem in economics today in the sense that the "itsy bitsy spider" problem is a real problem in zoology -- that is, it's something one might learn in grade school, and it's completely irrelevant in the real world.
To be fair, you might indeed come to the market with two rabbits one day and I might come to the market with two chickens on the same day. I might also have an aversion to rabbit meat and a family history of mal de caribou. We would then be unable to conduct a trade.
Bancor just did their Initial Coin Offering (ICO) last week and raised a record $144M within a few hours. They now hold the record for the biggest crowd-funding, ever, in the history of mankind.
in other words you can say to uneducated people some bullshit and even spread it all over the web with shitty youtubers.
Bancor uses lots of mumbo jumbo terminology.
Bancor addresses the "double coincidence of wants" problem in economics through an "asynchronous price discovery" mechanism that blah blah blah buzzwords blah and more buzzwords. Half of these buzzwords aren't even real. "Asynchronous price discovery" is a franken-word they made up. It borrows asynchronous from distributed systems and "price discovery" from economics. The crowds eat this stuff up, but in reality, it's just a giant red flag -- there's no content here.
Let's move on, for it's possible to have a good idea underneath fluffy marketing.
The core problem they want to address, "Double Coincidence of Wants" is not a real problem.
"Double coincidence of wants" is a real problem in economics today in the sense that the "itsy bitsy spider" problem is a real problem in zoology -- that is, it's something one might learn in grade school, and it's completely irrelevant in the real world.
To be fair, you might indeed come to the market with two rabbits one day and I might come to the market with two chickens on the same day. I might also have an aversion to rabbit meat and a family history of mal de caribou. We would then be unable to conduct a trade.
Re: Do you think satoshi will ever come back and post on this forum?
timebits
this why top anonymous peoplereach to people in MIT and places that similar , its where ideas become reality without illusions.
99% of crypto comunity wait for mass scale and adaption while staoshi people already in the beginning said there will be problem with scaling hhhhhh
there also problem with ico scams , which also need to solved and vitalik and few students from mit found a way to solve this, you far away from the ball park and the reason is you and no body else and never blame no body, yet the room around you is full of bullshit which also effect the situation , this is why when people wanna get deep the rabbit hole they stick to mit and oxford and top places where real information p0p
this why top anonymous peoplereach to people in MIT and places that similar , its where ideas become reality without illusions.
99% of crypto comunity wait for mass scale and adaption while staoshi people already in the beginning said there will be problem with scaling hhhhhh
there also problem with ico scams , which also need to solved and vitalik and few students from mit found a way to solve this, you far away from the ball park and the reason is you and no body else and never blame no body, yet the room around you is full of bullshit which also effect the situation , this is why when people wanna get deep the rabbit hole they stick to mit and oxford and top places where real information p0p
Re: Do you think satoshi will ever come back and post on this forum?
I think he or she will, something in my heart tells me they are still alive. I don`t think they will reveal their location or who they are, but I do think they will post on this forum in the next 5 years. It is only a matter of time before some big big rogue miners or bitcoin devs do something he or she do not like or see`s a problem with and they will have to come back and have a voice in the matter.
It will probably start by him or her saying something like this.
"Keep using the longest chain" or maybe "use this chain instead from now on"
I did a poll earlier a few months ago I think 19 out of 20 people said they would use whatever satoshi said.
It will probably start by him or her saying something like this.
"Keep using the longest chain" or maybe "use this chain instead from now on"
I did a poll earlier a few months ago I think 19 out of 20 people said they would use whatever satoshi said.
this forum full of shit, very low quality information include to much scams and people even dont aware we have huge problem right now which need to be solved about scaling blockchain to hold huge amount of transaction per second for mass adaption while most people here even dont know this problem exist, while there are coins says they solved it which is strange while top experts still didnt found protocol data structure which solved this problem..
and what interesting you if satoshi is here or not or if he come back? the people behind bitcoin know where to reach and where quality information can be found and top discussion.
https://www.youtube.com/watch?v=Xoza4Fvk81M&t=535s
listen in the beginning in this video .. this is where smart people discuss great ideas and share
people even dont know how much protocols out there and what the difference how data structure it self .. to speak about this here its like explain to someone when bitcoin was out and after 11 years most of the people here dont know shit.
so the second guy in the video, to answer his question on how to make changes safety, just clone the shit and run a testnet version of it, you know like how game developers have a ptr server or pbe, just do that before you make any changes to the real chain.
also you say bitcoin has a private premine key in one your post? are you sure? because I call bullshit.
I mean if you don`t like bitcointalk, use reddit or bitcoin.com forum or bitcoin mit forum you talk about.
Just know bitcoin.com was created by a guy who tried to manipulate people into using his product, by what we call phishing, which is actually illegal and bitcoin.org is the real website that does not try $hill a $cam. BCH and BSV both should be in jail, well Roger Ver and Craig Wright, The people that use them should be in a mental hospital.
1. you make funny of people from mit top minds and this is the reason why anonymous people reach to them , this is the top minds out there, and no body else...there is where quality information flow.
2. to make fun from mit experts its show how much dick head you are and slolwy you will be 40 then 50 and then game over for you and your bullshit non sense.
3. i never talked about bitcoin sv or bitcoin.com or other shit so you real crazy.
4. you even dont know what is protocol and talk about some non sense.
5. time will put you in the right corner, while the great minds change and far away from talking bullshit, mit and other coll places nice information flow there compare to here, you even dont know what is protocol and how much them out there and what we can mix between them and other shit.
6. yes there was premine by the team behind bitcoin and only the owners have access to it and how it can be bullshit, ?? you so fucking unhealthy mentaly dude...the fatser you will get to aged the better, for your self!
7. next projects will be for with pgp key or much more advanced tech so no body can steal the ring...and claim its this guy because they name is x behind this project while if yes he need to have a pgp key or more advanced way to prove, its will debunk all of them.
even answer you its a shame
Re: How can this be good for the cryptospace environment in the state of New York?
The influence of Joseph Lubin of Ethereum and Ryan Zagone of Ripple will certainly corrupt the task force and make it move according to the advantage of their own platforms.
The New York state government have certainly made an improper start by including those 2.
https://i.ibb.co/CQ9WXJh/image.jpg
Ethereum co-founder Joseph Lubin and Ripple director of regulatory relations Ryan Zagone have been appointed to New Yorks new Digital Currency Taskforce.
The group will help New York lawmakers shape the regulatory environment for blockchain and cryptocurrency in the Big Apple.
Assemblymember Clyde Vanel announced the six legislative selections for the task force, which was created back in January.
New York was the first state in the nation to create a cryptocurrency task force to help the states and the country figure out how to properly regulate digital currency and blockchain technology...
We are excited that were going to have some of the premier people in blockchain technology and in cryptocurrency help guide New York state and the country, and maybe the world, on finding the right level of regulations in this space.
Read in full https[Suspicious link removed]cutive-join-new-yorks-digital-currency-taskforce/
The New York state government have certainly made an improper start by including those 2.
https://i.ibb.co/CQ9WXJh/image.jpg
Ethereum co-founder Joseph Lubin and Ripple director of regulatory relations Ryan Zagone have been appointed to New Yorks new Digital Currency Taskforce.
The group will help New York lawmakers shape the regulatory environment for blockchain and cryptocurrency in the Big Apple.
Assemblymember Clyde Vanel announced the six legislative selections for the task force, which was created back in January.
New York was the first state in the nation to create a cryptocurrency task force to help the states and the country figure out how to properly regulate digital currency and blockchain technology...
We are excited that were going to have some of the premier people in blockchain technology and in cryptocurrency help guide New York state and the country, and maybe the world, on finding the right level of regulations in this space.
Read in full https[Suspicious link removed]cutive-join-new-yorks-digital-currency-taskforce/
vitalik is great guy and master mind in some level, he know his shit and he one of this guys need to be underground ,
xrp its shit coin only from the supply point of view its already dead, to much supply lead to lose value over time from economical point of view.
if ethereum is centralized also bitcoin is centralized ,,,the miners are less spread and more centralized by big boys,,,still after all this its decentralized , there are levels of decentralization , which mean the miners in the hands o few big boys ...yet again its decentralized because its not under one hand*
to make a coin more decentralized you need find the right protocol or mix * creativity and nothing.
xrp is top shit coin was and will be and will lose value over time the supply is to much ask any expert economist.
Re: Bitcoin & Lightning - Would you pay for coffee instantly if it was possible?
Bitcoin was created to be a universal currency and lightning makes it possible to make completely P2P micro-transactions for a few pennies paid in fees.
Now let's assume for the sake of this poll that you could now spend your bitcoin that is under your control on your wallet, anywhere, by just tapping your bitcoin wallet (hardware or mobile) against an existing credit card machine and you are able to pay with bitcoin over lightning.
What I'm trying to understand and defend against a lot of the mass skeptics is this exact question - Would you use bitcoin as a currency if it was possible?
I believe, irrespective of the value, anybody that held bitcoin before 2017 would be in a place to spend it.
Now let's assume for the sake of this poll that you could now spend your bitcoin that is under your control on your wallet, anywhere, by just tapping your bitcoin wallet (hardware or mobile) against an existing credit card machine and you are able to pay with bitcoin over lightning.
What I'm trying to understand and defend against a lot of the mass skeptics is this exact question - Would you use bitcoin as a currency if it was possible?
I believe, irrespective of the value, anybody that held bitcoin before 2017 would be in a place to spend it.
from the moment bitcoin was out and then ethereum huge hype *SHADOW* was all over the web while all of them cannot scale to mass adaption and only experts know this from the beginning and the people behind bitcoin also said this, that there will be problem with scaling,miners, and other very important things with the chain.
lighting network dont solve the scaling problem its second layer , read about it...
top experts and anonymous people together try to slove this as fast as possible, the same problem was exist with scalling the internet in the beginning...but it sloved.
what will crash the fiat money is mass adaption and scaling, btc and ethereum hold around 7-25 max tps per second. still you can buy car or home but scaling its the key to adaption and adaption lead to surge the price of crypto and crash the fiat money.
mit for example regularly communicate with anonymous people to find a way.
the question is which protocol will solve this??
First off this needs to be in Metal, second off Satoshi himself left Theymos in charge of this but it doesn't matter what "the creator" wanted as Bitcoin is a community led and developed crypto. Thirdly as I was just praising Theymos for his morality against corruption in another post, I'll mention it again. He has access to Satoshi's account on here. He could pretend to be Satoshi or have sold it to a scumbag like Craig who I am sure has offered him TONS of money for it, but here we are with an unused stagnant account and Theymos still with access to it.
1. nobody can pretend to be the people behind bitcoin, the wallet and premine is out there! its mean they have access to it!
2. next underground projects i think will be locked with pgp or something more advanced, so no body can steal it or say its was him and other bulls**t.
3. because they want to get the ring for the underground projects, while anonymous people dont give a shit about be famous, yet they need to lock next future project with pgp or more advanced way ... so no body can say he is behind this and that project, like Craig Wright and other who Claim this or even researchers(dumb) they found random guy that the name they sticked to the project point on him, its will debunk all of them.
and now they can go fuck them self.
all reddit and other quality places like mit club bitcoin know theymos is scammer and it will spread much more on the web.
First off this needs to be in Metal, second off Satoshi himself left Theymos in charge of this but it doesn't matter what "the creator" wanted as Bitcoin is a community led and developed crypto. Thirdly as I was just praising Theymos for his morality against corruption in another post, I'll mention it again. He has access to Satoshi's account on here. He could pretend to be Satoshi or have sold it to a scumbag like Craig who I am sure has offered him TONS of money for it, but here we are with an unused stagnant account and Theymos still with access to it.
it dosent matter , because the premine is key and its already spread all over the web and reddit..
reddit is flooded about this dick head scammer.
a lot try to steal great underground projects done by great teams , but this is why the future projects that come from unknown people will be with pgp or other way to lock it..
dont forget the premine, ?? its some kind of pgp to prove that no body of them is behind this giant project.
Re: Do you think satoshi will ever come back and post on this forum?
I think he or she will, something in my heart tells me they are still alive. I don`t think they will reveal their location or who they are, but I do think they will post on this forum in the next 5 years. It is only a matter of time before some big big rogue miners or bitcoin devs do something he or she do not like or see`s a problem with and they will have to come back and have a voice in the matter.
It will probably start by him or her saying something like this.
"Keep using the longest chain" or maybe "use this chain instead from now on"
I did a poll earlier a few months ago I think 19 out of 20 people said they would use whatever satoshi said.
It will probably start by him or her saying something like this.
"Keep using the longest chain" or maybe "use this chain instead from now on"
I did a poll earlier a few months ago I think 19 out of 20 people said they would use whatever satoshi said.
this forum full of shit, very low quality information include to much scams and people even dont aware we have huge problem right now which need to be solved about scaling blockchain to hold huge amount of transaction per second for mass adaption while most people here even dont know this problem exist, while there are coins says they solved it which is strange while top experts still didnt found protocol data structure which solved this problem..
and what interesting you if satoshi is here or not or if he come back? the people behind bitcoin know where to reach and where quality information can be found and top discussion.
https://www.youtube.com/watch?v=Xoza4Fvk81M&t=535s
listen in the beginning in this video .. this is where smart people discuss great ideas and share
people even dont know how much protocols out there and what the difference how data structure it self .. to speak about this here its like explain to someone when bitcoin was out and after 11 years most of the people here dont know shit.
source: https://www.reddit.com/r/btc/comments/chkugm/still_wondering_about_the_theymos_6000_btc_where/
Hi guys..
I came across a video the other day explaining the bitcointalk donations for a upgrade on the forums were missused or just not even used at all. Everything turns out this Theymos kid got a monopoly on mayor bitcoin forum.. Isn't this against what the creator had in mind?
I reacted on a on old 2013 bitcointalk post " Is this the new forum guys?? 6000 x btc = 60million $ ..
"
And my comment got deleted a day later..
Does anyone got more info?
Theymos, are the most dishonest and scamming of them all.
https[Suspicious link removed]cutive_gregory_maxwell_caught_in/
https://reddit.com/r/btc/comments/55xf2y/introducing_dipshit_extraordinaire_warren_togami/
Hi guys..
I came across a video the other day explaining the bitcointalk donations for a upgrade on the forums were missused or just not even used at all. Everything turns out this Theymos kid got a monopoly on mayor bitcoin forum.. Isn't this against what the creator had in mind?
I reacted on a on old 2013 bitcointalk post " Is this the new forum guys?? 6000 x btc = 60million $ ..
"And my comment got deleted a day later..
Does anyone got more info?
Theymos, are the most dishonest and scamming of them all.
https[Suspicious link removed]cutive_gregory_maxwell_caught_in/
https://reddit.com/r/btc/comments/55xf2y/introducing_dipshit_extraordinaire_warren_togami/