Decentralization theater

Decentralized-in-name-only-proof-of-60%-premined-stake scamcoin that pretends to protect its non-existent decentralization with tps limit struggles against another scamcoin better at decentralization theater. You reap what you sow.

"you know right now bitcoin transaction costs 5 cents which is fine right now because paypal's fees are even stupider but the internet of money should not cost 5 cents a transaction its kinnda absurd" -2017 vitalik buterin

I think that founders allocation is better than ICO because the centralization dangers are out in the open for everyone to assess properly. There is no hiding behind a potentially compromised ICO.

Where are the "eth killers" with zero premine? As far as I can tell none exist. Why? Isn't the so called technology behind eth worth relaunching on an L1 that doesn't have the centralization dangers of a 60% premine?

These numbers are dubious. There is no way to verify that the founders did not increase their allocation by buying from their own sale for free in an underhanded manner.

Why would a decentralized in name only scamcoin with a genesis block that rewarded its serial scamming founders with 60% of the current supply surpass bitcoin? In the entirety of its so called "defi" it doesn't have any trading pairs with national currencies.

Before mtgox you bought bitcoin with an increased electricity bill, aka mining. These days if you want to buy without using the likes of anti-bitcoin scamcoin peddling exchanges like shitcoinbase that require you to upload a mugshot of yourself while holding your passport then you can use a decentralized exchange. Bisq is a decent option. Be caution however that most decentralized exchanges "dex" these days are scams. Everything built on eth is a scam. Despite all the hype and noise about eth being the king of "dex" there is not a single "dex" on eth that allows you to trade government currency like usd for bitcoin.

ethereum is a gigantic scam. The founder vitalik buterin is a serial scammer that claimed he could simulate quantum computers on classical computers to mine bitcoin faster than existing bitcoin asics. Vitalik buterin premined 72 million eth when he created it. That is 60% of the current supply. Proof of majority premined stake is not decentralized so why bother with blockchain? Blockchain is extremely slow, expensive, and inefficient. The only reason to use blockchain when eth was hopelessly centralized from the start is to fleece blockchain technobabble guzzling imbeciles.

ROFL. Use eth to check if an altcoin is a scam when eth itself is a gigantic scam. If an altcoin is like eth and has a huge majority of the supply premine then it is 100% a scam.

You're comparing what visa can do now to what buterin claims his scamcoin might be able to do in the future. Centralized ledgers pretending to be decentralized can do as many tps as their scam founder wants it to do. The only thing holding them back is the decentralization theater needed to differentiate their scam from ledgers that are honest about their centralization like visa.

You're doubling down on your bullshit lie. You said "address". An address is singular. No address with 1,125,150 bitcoin exists.

You have no idea how many coins buterin mined after he premined 72,000,000 a gigantic 60% of the current supply.

It is literally impossible for coins to be distributed fairly without pow. Starting with pos requires a 100% premine. The only place where proof of 100% premined stake is decentralized is in the scammer decentralization theater.

Personally, I see pos as a ridiculously outdated design. Visa is faster, cheaper, more efficient than any pos scamcoin can ever be.



You pulled that lie from your ass. No such address exists.




Premined pos scamcoins don't solve the early mining problem. For example buterin's pos scamcoin suffers from a gigantic premine and early mining.

Happy Halving Day

If proponents of perpetual debasement actually believed that such a scheme would result in more security they would fork off. The fact that they are not even considering it shows that they know such a fork would fail.

A global pow ban with fantasy land effectiveness would cause the difficulty to drop to a level where laptops can mine if needed.




There are still bitcoin miners in china.

Not sure where you got that number. My nmc node says 17692311.16437766 coins.

I don't see how monero is immune to this attack? The censor pool can mine empty monero blocks.

Try version 0.19.0.1. It should sync much faster. There is also Electrum-NMC from the beta downloads page which may allow you to import the seed from coinomi.

https://www.namecoin.org/download/betas/

At 0.00002000 1 BTC will buy 50,000 NMC or 0.23% of supply.
At 0.00000200 1 BTC will buy 500,000 NMC or 2.38% of supply.
At 0.00000020 1 BTC will buy 5,000,000 NMC or 23.8% of supply.
At 0.00000002 1 BTC will buy 50,000,000 NMC or 238% of supply.

Don't worry there is a price floor. I will buy it all at 2 satoshi.

You can use a key generator like this to get your namecoin out of poloniex. Once you get your wallet working you can sweep the private key.

https://github.com/iancoleman/bip39
https://iancoleman.io/bip39/

Below is GMiner uptime before crash. Each rig is 8x GTX 1070.

heater3 rig

heater2 rig

heater1 rig

Getting segfaults on v1.20 mining GRIN. Didn't happen on v1.19. Three different rigs

dmesg
miner log



dmesg
miner log



dmesg
miner log