/biz/ - Business & Finance

>>2290368
wtf is his problem

>>2290379
(((they))) got a hold of him

What did he mean by this?

>>2290572
he can delete your money at will

>>2290368

eh. i think people expected this kind of centralization from eth. there are times it is useful..cancelling or repairing transactions can be useful powers to have. ofc the only problem is people abuse such powers.

its up to (((them))) if they abuse it so strongly people leave eth, or if they manage it somewhat responsibly

Eh, I'll still buy at the new floor.

>>2290368
uhh this is how proof of stake works senpaitachi

if you stake it is possible you can lose your money but only if you try to fight consensus. (or something)

>>2290444
kek confirms.
Praise him!

you are now aware that ethereum is an 85% premined scamcoin with a huge extent of centralization and even a history of hard forking to recover legally obtained coins (see the DAO).

sell now before vitalik and the other ethereum foundation founders gets arrested for selling unlicensed securities.

You got in on a ponzi scheme at the perfect time. Sell now and hold bitcoin for security or gamble on ethereums successor (probably smart contracts that aren't turing complete so they can be mathematically verified)

This means nothing, all he's saying is if someone with a huge amount of capital (billionaire?) wanted to ruin ETH they can't just pump 51% in and take full ownership stake and do whatever they want with it.

when goyim can't understand money without a merchant

>>2290799
>99
ETH confirmed as next official currency of Israel.

>>2290809
lmao ETH shills need to get a real job.

it's a mechanism in proof of stake systems called "slashing" you retards

>>2290801
Sell now goys! Uhh ethereum is going nowhere! I don't have a bid wall set up

>>2290958
>need
dumb nocoiner

he can just delete the badguys money, this doesn't effect me, quick buy!

https://youtu.be/gucldeyRYJ0

>>2291079
we can delete your money but it's a MECHANISM bro

>>2290725
No! Creators of Coins can delete them!? That is impossible! They would have to be, like, the creators or something to do that!

simply the rollback after the 51% of the blockchain is more expensive than the revenue from it. But it's automated, no russians scammer involved

>>2290801
Are you saying that Bitcoin is not a Ponzi-scheme?

>>2291362
are you twelve?

>>2291449
Coiner btfo yet again

>>2290809
That's not what a 51% attack is. Get off my board please.

>>2290368
>Hey guys I solved the double spend problem

>just delete the attackers transactions!

>>2290809
dumbass

>>2292722
Literally what is wrong with this?

>>2290368
why should they show sympathy towards cryptoterrorists?

>>2290368
If the lord wills it, so be it.

>>2293141
A lot of things

>>2290801
>gamble on ethereums successor (probably smart contracts that aren't turing complete so they can be mathematically verified)
Which coins fit this description?

>>2290368
ETC>ETH flippening when?

This is why ETC is needed. No rollbacks, no bailouts with ETC.

>>2293409
shekel for the good goy.

(((barry))) says hi

>>2293365

>>2291362
>>>/reddit/
Stop posting here, you clearly have no idea how crypto works

>>2293383
Waves? Aeternity?

>>2293141

>decentralized coin
>can be manipulated by a central authority

>>2293953
The pos algorithm automatically deletes the stakes of dishonest nodes.

How is this bad?

>>2293712
the irony is palpable
not a single cryptocuck speculator knows how anything works, that's probably why they're all unemployed

>>2294004
It isn't, they just want you to sell for cheap ETH

I always knew eth wasn't a genuine freedom coin

fuck that centralized bullshit.

ITT: retards thinking they are smarter than Vitakek

>>2290368
ahahah this autistic fucker won't ever learn

>>2290766
>cancelling or repairing transactions can be useful powers to have.
slippery slope if there's on
>oh hurr durr trading weapons is evil. let's delete the arms trader's balance
>hurr durr selling drugs is evil. let's delete the dealers
>hurr homophobic remarks on twitter. let's delete his balance
if you can roll back transactions your blockchain is crap and not better than fiat. because fiat at least is regulated so some SJW autists can't team up and delete bank accounts of "transphobic" people

>>2291362
lol are you dumb or just old?

>>2290780
this. but shillfags on /biz/ are too stupid for this to realize.

>>2290780
Slashing will be used to solve the nothing at stake problem which will disincentivize bad behaviour due to bad actors getting their deposits burned.

>>2291283
idiot detected

>>2294225
Yep. I'm moving my ETH gains elsewhere. Probably Bancor

hope youre holding stratis

>>2294004
who decides who is dishonest and who isn't?

So far there are reports of 480+ wallets that have been deleted.
Including transaction history in the chain.

>DAMN you Vitalik Buterin!!!

>>2291698
But Casper will be PoS, that's literally what it would take for a 51% attack to happen? A billionaire or several owning over 50% of the supply and acting against the consensus?