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Newbie Offline
Activity: 28
Also interesting that you are all so stupid that you don’t realize that segwit & LN gives Blockstream complete control of BTC by allowing them the Power to LOCK every single BTC in place onchain where no onchain transactions could take place for those coins and deny the transactions fee to the miners, ergo forcing them out of business. (Which is a stated Goal of keeping all transactions offline, if you read the LN Whitepaper.)
I’ll be honest, I have no clue WTF you’re talking about? Lock coins on the main chain so miners can’t mine? Can you provide some proof? This sounds ridiculous.
Edit: BTW I’m against BTU for the stated reasons I have made, I don’t care about the technicals, I care about the centralization in China. I am neutral towards Segwit, leaning towards being against it too and Core if they can’t get their shit together. Honestly, I am against any small group getting control of bitcoin and centralization anywhere.
Read the LN WhitePaper, You have to be able to understand it or you will be forever lost in this discussion.
Here is a link to a short reference on it.
I’m not reading through all that shit, if you can’t quote the relevant parts here don’t bring it up. Please provide proof to your arguments, go look it up is a bullshit answer.
The devil is in the detail.
Legendary Online
Activity: 994
ZEIT Knight
well if you want to turn this into a NaS thread, i’ll play along until I get bored.
here’s a snippet of your argument:
Which means by trying to stake on both blocks at the Same Time, all he did was Negate his Staking Power by adding to Both
This is like saying having 2 raffle tickets negates each other since you can only win once. (You still have twice as many chances to win as the guy with one raffle ticket.)
IOW, when you attempt to stake on multiple forks, you’re not negating your own staking power, you’re simply giving yourself more opportunities to be on the winning chain.
See that is the other issue why only 2 forks, every fork gives additions forks. Each fork would hold the opportunity for another fork. Like so Fork 2 4 8 16 32 64 128 256 512 1024 2048 4096 8192 16384 32768
That is only 15 blocks, and you guys think that won’t draw more resources.
Fact of the matter it is alot easier to just place all of my coins in 1 block and stake the one block , it proof of hash will stop any coins from overwriting it. proofhash< coinage * target
Legendary Online
Activity: 994
ZEIT Knight
If we think better about the consequences of BTU, we would realize the best is not to activate it, here is an article about possible consequences called A fork in the road, by Vinny Lingham
Man , are you serious?
1. He is Segwit’s Bitch because he is frighten of a hard fork
Put on your Big Boy Pants, and get ready for BTU.
I’m not going to go into the technical details around this debate for this post
let’s please just adopt Segwit.
Segwit supporters have resorted to Begging, Sad , Pathetic and Lame.
Maybe if he squeezes out a tear , because his jammies don’t fit.
Legendary Online
Activity: 1022
well if you want to turn this into a NaS thread, i’ll play along until I get bored.
here’s a snippet of your argument:
Which means by trying to stake on both blocks at the Same Time, all he did was Negate his Staking Power by adding to Both
This is like saying having 2 raffle tickets negates each other since you can only win once. (You still have twice as many chances to win as the guy with one raffle ticket.)
IOW, when you attempt to stake on multiple forks, you’re not negating your own staking power, you’re simply giving yourself more opportunities to be on the winning chain.
See that is the other issue why only 2 forks, every fork gives additions forks. Each fork would hold the opportunity for another fork. Like so Fork 2 4 8 16 32 64 128 256 512 1024 2048 4096 8192 16384 32768
That is only 15 blocks, and you guys think that won’t draw more resources.
Right… You can use computational power to do this, but it is exponentially cheaper than mining, totally outcompeting those who play the game honestly. If taken to extremes, and everyone starts throwing massive computing power to game the system, then your supposed PoS system turns into PoW indirectly, which kind of defeats the point of PoS in the first place.
Published at Mon, 20 Mar 2017 19:06:01 +0000
[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”] By btckeychain on 2013-08-29 09:10:57
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