/biz/ - Business & Finance

Nonsense by a literal "who"

Smart money is in BTC and ETH. Everything else can get fucked and is a scam, especially LINK.

Don't @ me, you dirty niggers.

Who cares if it's a cult. I'm just interested in it mooning and then dumping my bags, don't give a fuck if it ends up working or not.

>>19094196
Nick Szabo is like one of the 10 people in the world that might be Satoshi.
More chance than Craig Wright.

Why does he feel this way?

>>19094274
>Why does he feel this way?
maybe shit like this happening

>>19094274
>More chance than Craig Wright.
>Craig
>Chance
lol no

>>19094242
sad to see it

>>19094274
he's a btc maxi and can't accept that flippening is inevitable and ETH is superior, it would be even harder to accept if he was actually satoshi

>calls Ethereum a cult
>insults every crypto that isn't BTC, calls every person involved with those projects a scammer or cultist
>Ethereum is about unicorns and happiness and nerds

>>19094177
if only there was a coin which stayed closer to the original eth vision. something like a classic version of it....

>>19094274
Because he is an insecure computer dork at the end of the day, who is scared of the competition. Didn't I tell your dirty nigger ass to not @ me?

>>19094451
also don't forget how strong of a cult BTC had and to some extent still has, HODL meme and literal preachers of the holy bitcoin are the best testimony to that. atm ETH looks like the best bet that's why it's community is what it is

>>19094477
>insults
this is math and game theory nobody cares about feelings
Bitcoin objectively is the best in security and decentralization
Every project trying to compete with bitcoin sacrificed those to make a quick buck.

This isn't that hard to grasp.

>>19094564
You don't know anything about bitcoin's or eth's history.
Szabo spoke highly of the project until like a year ago.

>>19094477
Like I said before, these autistic incel computer nerds just spew out nonsense, nothing they say has any value. These retarded losers have the social skills of a bucket of shit, how else do you think they will react when someone doesn't blindly follow their nonsense?

>>19094570
>Bitcoin objectively is the best in security
no it's not. Bitcoin has had two inflation bugs whereas Ethereum has had zero

>>19094640
ETH premined 72,000,000 tokens and rewrote their chain over control of money

Two obscure bugs in bitcoin were identified and patched without any problems.

These are two different philosophies

>>19094605
szabo has disliked eth since the dao

>>19094451
By your logic you can’t accept that Grin is a superior chain than BTC and ETH

>>19094733
retard, the Bitcoin devs were about to roll back the chain during the last inflation bug in 2019. they all came out and said it. they weren't obscure. the bugs literally allowed anyone to print as many bitcoins as they want, probably the worst bug you could have beside fucking up previous blocks

>>19094451
>flippening is inevitable and ETH is superior

>>19094792
As he should DAO hack and rewrite was a governance overreach

It's funny man ETH was born in Israel and they're following the same governance policies the US government follows

>>19094839
>the Bitcoin devs were about to roll back the chain during the last inflation bug
no they weren't faggot
it was some miner or trader trying to cause market movement

You don't know anything.

>>19094733
>premine
you know ETH and BTC have basically equal distribution? why do you care about premine when the result is the same?

>decentralization and security
for all practical purposes Ethereum has both of these traits too

corecucks are unironically desperate; always fall back to the same vague purity arguments because BTC has no use case outside speculation

>>19094863
lmao all the BTC devs were two seconds away from rolling back the chain last year
https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret

>>19094899
oh yeah that might have happened if it did get exploited and that's a lot of what ifs
It's not like a "DAO" or mt.gox was pulling the levers of the network

>>19094863
>As he should DAO hack and rewrite was a governance overreach
but you said

there would be no corporate backing for eth if they didn't

>>19094879
you are a moron.
https://old.reddit.com/r/Bitcoin/comments/9hkoo6/new_info_escalates_importance_upgrading_to_0163/

>>19094888
>why do you care about premine when the result is the same?
because this guy >>19094863 was the man releasing the 72m premined tokens
and he's confident they have a communist majority
https://blog.ethereum.org/2015/03/03/ethereum-launch-process/

>>19094981
>there would be no corporate backing for eth if they didn't
We don't need corporations backing the currency.
That is what got us into the problem we're in now
Banks getting bailed out, junk bonds being purchased

It's a bad deal

>>19094968
the point is people point to the DAO attack and say "look, ETH is centralized because they rolled back the chain!". meanwhile BTC was about to do the samething a year ago. it's hypocritical and the btc chain is not immutable.

>>19094983
we're arguing two different things
Bitcoin will never rollback for a corporation like ETH will

If there was a technical bug for the entire consensus then that makes sense to fix

If bitcoin forked for mt.gox it would be called ETH

>>19094374
Yeah, okay buddy - sure.

>>19095057
what? the DAO hack wasn't for a corporation you retarded. it was a bug in software running on top of Ethereum that allowed someone to come in and drain all the money out of the contract

>>19095089
Then why was DAO rewritten and not parity?
Who had a stake in DAO that got the decision pushed through?

>>19095149
because people lost millions of dollars you fucking idiot. it would've been the same thing if the inflation bug got exploited on BTC

>>19095167
no you're missing the point
it would be like if bitcoin had some risk instrument that fucked the chain and those who took the risk rewrote everything to save themselves.

Is DAO part of ETH or on top of ETH?

>>19095167
wrong, DAO hack was not an inflation bug (protocol vulnerability)

>>19095149
should the dao hacker have been able to stake the millions of eth they had?

>>19095206
this is a good way to put it
protocol vulnerability vs whatever eth is doing with governance and corporations

>>19094374
Craig Wright is a Chinese asset.

>>19095230
If the intent is a decentralized consensus, sure

>>19095194
you're avoiding your original point. you said bitcoin is more secure than ethereum. it isn't, and it's had more dangerous bugs than ethereum. the DAO hack happened on code running on top of ethereum. the btc inflation bugs were on the btc core code itself. i concede that BTC is probably more decentralized but who the fuck knows because they were willing to roll back the chain in 2018

>>19094570
don't futures make the deflation argument a null point?

>>19095030
are you just a maxi because of ideology?
I'm in crypto to make money, I think eth has a more promising future than btc, don't see a point in arguing over something from 2016

>>19094733
first mover mining = premine

If bitcoin came after another popular cryptocurrency they would have had to premine also

>BTC maxipad and known racist throwing dirt at ETH accusing it of being a cult

the irony

>>19095302
How is eth secure when they changed their protocol over code running on top of it?
That opens the chain up to so much risk.

The only way bitcoin changes its protocol is to fix a bug and maintain its path
ETH changes their stuff every other week

security comes from what it is and also what its principals are

if you don't get it whatever but it's there

>>19094544
>insecure computer dork

He can't even code lmao

>>19095403
>ETH changes their stuff every other week
and your example is the dao? they have EIPs that get voted on

if you think btc is the best because of decentralization, then shouldn't you want a crypto that is asic resistant?

>>19094177
checked.
based satoshi

>>19094451
Szabo is really smart. Also he already made it. I think he is globally right, but ETH can still become something, all they have to do is accelerate those damn transactions. then we will see what it becomes. It it takes more than 2 years, they'll miss their window of opportunity. They have to finish eth 2.0 by the end of 2021.

>>19095358
>are you just a maxi because of ideology?
I want humans to prosper and playing with shitcoins that slow it down is dumb.

What are you going to do with a couple million?

>>19095459
>then shouldn't you want a crypto that is asic resistant?
no because sha-256 has been the rule since the beginning and allowed the free market to compete on this rule set
changing it to pad someone isn't fair

and more competition is coming with bitcoin asics hitting moore's law

>>19095246
>>19095079
I were implying the opposite, that Craig isn't Satoshi. There's not a drop of chance for it.

>>19094196
Lol

>>19095403
>The only way bitcoin changes its protocol is to fix a bug and maintain its path
that's exactly what Ethereum did. except that was on ETH was on some shit some idiots built on top of ETH and caused 3.5million ethereum to be stolen, essentially fucking up the entire protocol

>>19095559
yeah which is why PoS is flawed
luckily this happened early on instead of after a lot of people integrated into that system

>>19095481
>What are you going to do with a couple million?
want to get into aquaculture

>>19095527
>no because sha-256 has been the rule since the beginning and allowed the free market to compete on this rule set
>changing it to pad someone isn't fair
this is a really stupid answer, you're a pajeet shill and/or a maxi

>>19095559
>except that was on ETH was on some shit some idiots built on top of ETH
nobody can dictate that and still be "decentralized"

>>19094640
>no it's not. Bitcoin has had two inflation bugs whereas Ethereum has had zero
lol i dont even own or pay attention to eth and even i know about how they fucked up the previous fork lmao AND vitalik is upset about the next one that will take place. nice cope

>>19095597
BTC was about to do it too man.

>>19095592
>aquaculture
cool I'm getting into fruit tree cultivation

>this is a really stupid answer, you're a pajeet shill and/or a maxi
I was really into vertcoin in the early days and worked through all the game theory on ASICs and they are the best for security.
FPGA, hidden asic, centralized mining algo changes, all those what ifs flaw and path from ASIC development

ASICs needed to be developed into 5nm which is where moore's law is at
now there are 2 major companies but bitmain is still the main one
more will come up because 5nm is going to be in for a couple years
There's an inverse equation with heat and mining that isn't developed yet that'll change the hvac and iot industry forever

mining is basically solved and bitmain's days are numbered

>>19094863
communism kills everything. people, countries, economies, checks and balances, basic human rights, and and apparently even blockchains now. when will people come to realize this?

>>19095636
you've missed the points

>>19095592
>aquaculture
think about maintaining the temperature of your tanks
heat costs money, but what it doesn't factor in is if that heat was waste from computation
and if that computation was used to secure a global consensus
we have the platform for a free market protected by distributed security.

>>19095527
This, they even fixed asicboost exploit to keep mining fair

>>19094196
>Nonsense by a literal "who"
>Smart money is in BTC and ETH. Everything else can get fucked and is a scam, especially LINK.
>Don't @ me, you dirty niggers.

>>19094177
Your bait is old & tired.

Sadly, yes, Nick Szabo, who once seemed so promising, has become a shitbag as a result of devolving into his own personal cult.

Szabo blocked me on Twitter

>>19094570
>Bitcoin objectively is the best in security and decentralization
>Literally owned by China/Iran
PoW is a fucking joke.

>>19094177
https://www.bitcoinqrcodemaker.com

>>19094196
Wtf

Szabo is a genius and at very least a part of Satoshi team if not Satoshi himself

>>19096408
that's centralized censorship anon report him to the cyber police!

>>19094863
>>19094899
>>19095002
>>19095685
Vinay Gupta admitted he was only being playful when he made those remarks. It has served as fodder for those in the BTC camp for some time now.

sadly op the faggot deleted his thread after being btfo so bad the moon almost shattered watching it

>>/biz/thread/S19095496
but the internet remembers
also if anyone has link to that repo i wish to muck around in it...

>>19094274
Hal Finney

>>19095358
Hes a maxi dont even reply to his pee pee poo poo BTC brain

>>19094274
no it really looks like satoshi was fascinated by bit gold and he recently may have read about hashcash and it ticked in his brain that hashcash is the perfect pow function and used a blockchain instead of the "title registry".

and not only his brain ticked but he also put the work into it and

based magyar

although I disagree eth was ever promising lol

>>19097002
it overdid all my expectations
altho i lost faith in it the moment they rolled back the dao fiasco

>>19097002
mondjuk nem vagyok benne biztos hogy nick tud egyáltalán két szót magyarul

>>19097127
He's arguing for its right to exist independent from globalist policy.
I don't know Gaelic but I'll stand up for them because I'm disgusted with what global culture has become.

>>19097166
>He's arguing for its right to exist independent from globalist policy.
no idea what that means, but i have some suspicion i really don't want to know.

He said he doesn't speak Hungarian:
https://twitter.com/AndrasGBecker/status/983722846273798144

He also said "his father had to flee Hungary"
https://twitter.com/nickszabo4/status/1162932804759371777

>>19097284
that can mean a few things none of which are pleasant.
his father may have been involved with the nazi movement in hungary if he _had_ to flee. who knows. could be he did not elaborate that part to him. it's not like the commies needed much reason to hang people.

>>19097254
When the EU says you need to accept millions of economic migrants
Nick Szabo wants Hungarians to live independent if they choose to.
If you mix cultures that much you dilute the old one until it's unrecognizable.
Hungarian language is ancient and when it's gone from some 2020 EU policy you lose it forever.

Would you mix the last pure bred cannabis plants?
Would you mix the last pure bred canines?
No, you wouldn't

So unless you think your language and people are nothing special you're going to need to protect it

watch idocracy to have a sense of where current policy will take us

>>19097405
>it's not like the commies needed much reason to hang people.
Szabo mentioned his father fought the communists in an interview I believe

>>19094177
weak b8

>>19097478
incite for insight :P

>>19094311
I 100% agree with Vitalik here. A lot of core developers are prioritizing their own sociological or economic agendas ahead of making Ethereum the worlds trustless decentralized programable money Vitalik envisioned, and the people can sense it. But Vitalik has a delema, because if he's too strong in taking charge and slapping down all the shit he'll be painted as a tyrannical dictator of centralization.

>>19097624
>A lot of core developers are prioritizing their own sociological or economic agendas ahead of
I don't follow the politics of ETH anymore.
What types of agendas are going on?

He is right, but if you use this as an argument on why you shouldn't force hardforks with iceage he will probably dismiss it because he wants to compete with bitcoin.

ada gonna flip eth and steal its devs
$0.05, you're still early.

>>19097450
>When the EU says you need to accept millions of economic migrants
the fuck are you talking about?
>Nick Szabo wants Hungarians to live independent if they choose to.
... we are part of a union m8 which has about 70% support in the population
>If you mix cultures that much you dilute the old one until it's unrecognizable.
well i'm sure when i get home to my yurt and partake in some horsemeat softened under the saddle and drink a bit of kumisz as a chaser and unstrung my bow i will thank the spirits of the steppe and the great turul i don't have to deal with foreign cultures and their dilution.
>Hungarian language is ancient
yeah most of it is a pretty recent addition but never mind for example old hungarian didn't even had the honorifics that are standard polite talk nowadays. about every third word is taken from an other language turk or german or whatever. we hungarians are truly fortunate you are such an expert in our pristine ancient culture.
after several waves of immigration only about 5% of the maternal mitochondria is of asian origin among hungarians.

let's just say immigrants are the least of our problems. the hungarian language and culture altho greatly changed persisted in a completely foreign environment for more than a 1000 years. we will be fine no need to worry.

>>19097470
that makes me think he may have participated in the arrow-cross movement or the white-terror. in which case he had to fucking flee or they would have killed him no questions asked.

>>19097745
dilution of culture and increased population pressure are the two ways a central authority disrupts regions

even if you don't care about your history you're making it harder on yourself following globalist policy

>>19097762
damn what happened I'm curious
I'll do my own research later to learn more
I'm just repeating what I heard from him

>>19097821
if i knew his fathers name and where their farm was located may be able to dig more up. this is just speculation at this point. but both sides were animals. the nazis and the commies whichever was reigning the terror was a constant.

>>19097762
oh the communists and reactionaries
it's never ending
He probably had a point the communists starved millions in the holodomor

>>19097924
well the battle is still being fought
If you look into the extropians and cypherpunks you will find a genius named tim may
He has interesting politics to add to this saga lol

https://www.activism.net/cypherpunk/crypto-anarchy.html

>>19097806
hungary has 2 problems right now.
the mafia that took over the government is simply selling the future of this country out with insane amount of debt for their vanity projects like the nuclear plant that will take about 50 years to repay the loans (taken out in eur not huf or rub) on.
the second thing we need to worry about is the russian influence steadily rising the past 10 years to the point where hungary is basically putins torjan horse in nato and the eu. and probably both of them just about had enough of this bullshit.

>>19098024
Damn I hope it deescalates without conflict
If you have to flee like nick come to Pennsylvania usa we are friendly

>>19095031
>was
and it didnt lol

>>19097927
the commies started it with the red terror as far as i can tell then the retaliation was the white terror and then of course retaliations and purges from the commies again. it is true that around 1950 there was a campaign against the well off peasants called kulaks they were harassed and many fled. but many stayed and weathered it out so the "had to flee" part is suspect

>>19095031
>BTC was about to do the samething a year ago
you mean a single faggot tweeted about it and everyone told him to fuck off?

>>19098024
you forgot the third problem which is that Hungary shunned it's greatest benefactor who was enriching the country

>>19097745
>about every third word is taken from an other language turk or german or whatever
I noticed that Hungarians conveniently gloss over the fact they have more Slavic borrowings (esp. in the core vocabulary) than from any other language

>>19098156
did you know that hungary is actively blocking ukrains nato membership trials? i mean the law in question is bollocks but i'm not aware that ukrainians have a right to study and take exams in their native language in hungary either... so yeah. it's just the fat gypsy doing putins bidding.

shit is fucked but armed conflict is extremely unlikely with anyone at this point.

>>19098330
that too obviously no surprise there

>>19098327
i think i know who you mean. it's the weirdest thing. when i was a kid george soros was sort of a national hero a hungarian robin hood figure taking money from the rich giving it to the poor. hell i probably ended up where i am in life becasue of him. i started learning programming on computers donated by his foundation.

and today he is basically a jewish child eating satanist monster hell bent on bringing ruin to the civilized world and probably practicing dark magic and consorting with lizardmen.

personally i think he was always a crook with lose morals did a lot of damage getting rich and didn't cared. and the charity he did was partly out of guilt partly partly for pr but he was probably trying to do some good. and some of his money definitely went to the wrong hands.

im about to sell my 114 ETH for more BTC

this shit is beyond cringed

>>19098356
Ukraine is a fake jew country. It was created/propped up by western intelligence/Isreali power. Having any respect for Ukraine at all retardbrain.

>>19094177
lol go to szabo's twitter feed and it's 99% coronavirus conspiracy theories and anti-lockdown shit. he's more unstable than elon musk when it comes to this shit.

he's not satoshi either.

>>19098809
nice try kgb

>>19098832
>he's not satoshi either.
obviously but he did a lot of satoshis work
bit gold was very close to bitcoin

>>19094863
lol. people are so autistic that they can't recognize sarcasm in a tweet.

>>19096451
You might be retarded. Check yourself

>>19100365
>No argument for China/Iran owning all the hashpower
>No argument for slow as fuck transactions
Enjoy your Pets.com2.0, dude. Thinking BTC will always be king just because it's the first is fucking retarded. Do you really think TPTB can't use the MSM to make normies buy in to whatever projects are actually adopted?

>>19094733
Vitalik spider poster!!!

>>19094242
this