/biz/ - Business & Finance

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>>51252429
yes

>>51252429
>it's a circle but since we move forward in time it's actually a spiral
kek
so it's a circle

>>51252429
moneyskelly's view is that recursive security protects the chain. he will be out to the test.

>>51252429
more like downwards spiral fucking kek

>>51252462
no-general-relativity-er detected

>>51252471
>have you been walking in a circle all day
no, i've been doing it all day so it's a spiral

>>51252429
He's just calling him retarded.

>spiral arguments
Crypto becoming more and more meme tier as time goes on.

>>51252429
Yes.

>>51252429
Vitalik replying to criticism is enough to get me to jump ship. I might open a low leverage short.

>>51252429
Imagine being incapable of understanding induction.

One thing is for sure. Ethereum 2.0 will moon or will crash. And we will find out very soon.

>>51252429
I am going to open a short, watching this pedo bug shill fall on his face while making money on it is the dream

>>51252450
Simply this.

>>51252429
Wow he just debunked PoS. Now all the other--even more centralized--PoS coins that have been running without double spends for years are officially debunked.

It's not a pyramid scheme, it's a cone scheme because it's more rounded.

>>51253456
top kek

>>51252429
Yes. Actually it's quite embarrassing how retarded people are in crypto. They're like 105 IQ people who think they're geniuses because they outsmarted morons. Very cringe

t. don't hold btc or eth

>>51253456
KEK

>>51253456
screeching

POS will still have the same default rules as POW in that invalid transactions are unable to be accepted by the code itself.
Does nu/biz/ not understand how a blockchain works?

>>51252429
Ethereum is not scalable. You are either a conman, or you are falling for a con. All ERC-20 tokens are going to zero.

>>51252429
DO THE IMPOSSIBLE
SEE THE UNSEEABLE
ROW ROW
FIGHT THA POWAH

>>51253456

>>51252429
the problem with his criticism is that validators are essentially locking up their own money to be validators in the first place, so manipulating the network to lower trust as a whale is fucking retarded because people can sell faster than you can if trust is broken, and you lose out on free income for doing basically nothing
obviously this doesn’t apply to flavor of the day bsc rugpulls, but if you don’t trust eth as a platform you don’t trust anything about crypto

>>51253456
FUDers will not reply to this.

>>51252429
>Peter Macbrainlet
I don’t listen to left curvers, evennhis phenotype yells low intelligence

>>51252927
>-even more centralized
How is it possible to be more centralized than requiring a $50,000 investment to even qualify for staking? I would genuinely like to know.
And you think it would be better if ETH goes up in price and that barrier to entry is even bigger?
You people are legitimately more insane than XRP schizos

>>51253985
The difference is that a 51% attack is significantly easier since it doesn't require 51% of miners, but 51% of stake pool operators

>>51254671
everyone in crypto is blackmailed by kyc on top of having no reason to jeopardize a. free income b. the creation of a fully transparent dataset of financial behavior. there ain't ever gonna be an attack of that scale on eth

>>51254703
>everyone in crypto is blackmailed by kyc
Not everyone lives in a prison state, American

>>51252429
tech people are so cringe

>>51254671
>51%
>Attacking coins deleted in fork
vs
>51%
>Just do it again lol

vitalik is actually right, the spic is just too brainlet to understand spiral logic

>>51252481
Technically sitting in one place on the Earth is travelling in a spiral from the perspective of the galactic super blackhole.

>>51252648
Imagine not selling all your ETH over 1700

>>51252429
You're getting it, this is why Chainlink nodes will sequence transactions.

>>51254712
naïve as fuck

>>51255088
checked
that's a very high quality sneedpost
>NJR88 captcha

>>51255104
He solved the chicken vs egg conundrum. Vitalik really is a genius.

>>51252429
80 IQ brainlet here. I have no idea what a spiral argument is. Hell I have no idea what an argument is. Writing this simple reply requires painful effort on my part. I just ape yolo all in my savings into ETH and trust money skelly.

>>51255088
He solved the chicken vs egg conundrum. Vitalik really is a genius.

>Did you, one of the smartest men in the world, just invento something I have never heard?

>>51254671
>Using "she" for an unknown actor
Stopped reading right there.

>>51252429
What is a spiral argument, a simpleton's version of the ball argument?

>>51255104
where do I get silly "i"?
it's not on my keyboard

>>51252429
I have no clue about crypto as i only trade stocks but what's stopping the previous buyer/seller from blocking the next transaction? What happens if someone if is able to permanently block the next transaction through a hack? Could a coding error or glitch send the market into a dive as orders are blocked being unable to authenticate? In case of C, what happens to the money in the backlog, is it lost?

>>51255385
alt 0239 fren

>>51255488
ïïï thanks fren ïïï & checked

>>51252481
the funny part is there is no time its an illusion so its def circular >>51252471 but then you go further and the circle is an illusion too.

>>51255336
Glad someone saw it too. Reddit moment

>>51255088
is he fucking retarded?

>>51252429
The "people with coins" changes over time, so it's not a snake biting its own tail, it's a snake biting the next snake's tail.
Makes perfect sense.

>>51255773
>The "people with coins" changes over time
in proof of stake aka banking 2.0 the people with coins centralize into big entities over time. "the people with coins" become a select group. which might already be established cause vitalik did a 70pct premine at the start of Ethereum and then distributed to whom he willed. he FORKED after the dao hack cause a big stake was in hands of unknown entity.

>>51255803
>the people with coins centralize into big entities over time.
You mean owning over 50% of the decision-making power?
You do know this is possible with PoW as well right, it's actually a pretty famous thing.

>>51253456
KEK

>>51255088
>cricket eggs depend on crickets
>crickets depend on cricket eggs
sustainable bugmen bros...

>>51255817
>You do know this is possible with PoW
You can't will into existence ASICs and Electricity required to power. In PoS changing a few variables can let you be a God

>>51253456
based
Rug secures the Pull at Rug+1

>>51255875
You can't will into power the ownership of the majority of coins either lol

>>51252429
Because ponzis spiral to 0?

>>51255817
>>the people with coins centralize into big entities over time.
>You mean owning over 50% of the decision-making power?
>You do know this is possible with PoW as well right, it's actually a pretty famous thing.
yes thats what I mean, but with POW its much harder. its easy to get 50pct of the stake. and if you are the U.S.A FED you could just print unlimeted amount of dollars and BUY 51pct of stake. but there's many ways to get that 51pct of proof of stake amount. much harder to get 51pct of proof of work. if you have a high enough IQ and think about this you will understand. I'm not saying proof of stake is worthless. it has its purpose, but proof of work is superior for world wide PERMISSIONLESS money/property/asset.

>>51255884
>will into power
>what is Blackrock
>what is Federal Reserve
mEth heads need to hang

>>51255886
>its easy to get 50pct of the stake
lol no it isn't.
In order to effectively own 50 pct of staking power you need to own 50 pct of all coins.

>>51255884
>will into power
*into existence

>>51255894
>you need to own 50 pct of all coins.
Yeah, he described how easy it is for mega entities to do it lol.

>>51252429
>law determines how people are elected into government
>government writes laws
damn shit is deep

>>51255893
If anyone can will into existence the majority of PoW asics and electricity, it's them fucking lmao

I gave you the benefit of the doubt, but you really are this dumb.

>>51255900
... by buying half of all the coins.
And this is easier than buying half the mining power of a PoW chain how?

>>51255894
>lol no it isn't.
you haven't even thought 5 minutes about all the ways you can obtain stake. in proof of work its much harder. or you are too low of an IQ to understand why the security in proof of stake is less than in proof of work. also, as i said. vitalik premined 71pct of supply. the majority stake was determined from the start, by vitalik. it is already a controlled network by a select group.

>>51255907
>majority of PoW asics and electricity
nope. Asics are electricity are finite resources. The dollar isn't.

>>51255913
>all the ways you can obtain stake
You need to own 50 pct of all coins to effectively own decision-making power in PoS. And even then it's only over time that you have this power since half the transactions will be completely out of your control.

If you own 50% of mining power in PoW however, ALL transactions are yours to control.

>>51255922
>finite resources
And the one with the most money has the most of it.

>>51255907
>And this is easier than buying half the mining power of a PoW chain how?
>What is electricity
>What are ASICs
it's just easier to be straight in PoW than the jewish PoS

>>51255907
>And this is easier than buying half the mining power of a PoW chain how?
you don't understand the difference between doing work and just BUYING (with fake dollars that the F.E.D can will into existence at will. but i'll throw you the bone. you can also steal coins easily, you can find and force big holders to give up their stakes by blackmail. you see, you can use leverage markets to obtain more stake. there are countless ways to keep increasing your stake, especially if you have access to MONEY. and MONEY is printed out of THIN AIR. get it? in proof of work having bitcoins does not mean anything. you don't control the network if you have the most coins.

>>51255927
>half the transactions will be completely out of your control.
Yeah you are trolling. cya methhead

>>51255929
>>What is electricity
>>What are ASICs
If the richest entities in the world want to have the most electricity and ASICS, they fucking will.
Just like if the richest entities in the world want to own 50% of ETH coins, they will.

>>51255934
>the difference between doing work and just BUYING
Protip: you can buy work.
How are you this clueless.

>>51255935
PoS depends on a lottery, and if you only own 50% of the coins, that means 50% of transactions will not involve you.

>>51255927
>You need to own 50 pct of all coins to effectively own decision-making power in PoS. And even then it's only over time that you have this power since half the transactions will be completely out of your control.
you still haven't thought about proof of work vs proof of stake for even 10 minutes. i researched this for months. come back when you have a fundamental understanding of both

>>51255944
no u

>>51255942
>How are you this clueless.
you are low IQ

>>51255942
>that means 50% of transactions will not involve you.
Retard. 50% of blocks != 50% of transactions

>>51255956
All it takes is buying the majority of ASICS and electricity.
Congrats you just bought the majority of work.

>>51255957
Over time, yes it fucking does.

>>51255954
MOOOOOOOOO
NEEEEEEEEEEE
ROOOOOOOOOO


will be forever proof of work. its a feature to stay permissionless.

>>51255963
>All it takes is buying the majority of ASICS and electricity.
you should think deep and hard and understand that proof of work is more difficult to take control over than proof of stake. if you can't understand this then you are sub 110 IQ i can't put it any different.

>>51255981
>buying the majority of ASICS and electricity
vs
>buying the majority of ETH coins

Half of all ETH coins is currently $95 billion. I'm pretty sure 50% of ETH mining power costs way less than that lmao.
And that's not even not taking into account the absoluvely massive and completely unavoidable price slippage that would be generated by buying half the fucking coins at market.

>>51255672
> Reddit moment
Zoomer moment. Well before the 76 gender revolution, referring to the unknown actor as “she” was the standard in scientific and academic writing. It was considered an elegant gesture, based on the assumption that the writer was a man, and would not fly in today’s hypersensitive world.
Also, do read it and give some thought to what would happen if some big eth whales pooled up to control 51% of the stake and then took out an even bigger short on ethereum.

>>51255999
sub 110IQ confirmed. my last post. I don't have time to argue idiots like you.

>>51256054
You got got.

>>51255963
>Over time
Nigga it get takes 1 block to take over the network and makes yourself the 100% staker

>>51255999
>buying half the fucking coins at market.
>Implying Blackrock and Fed will be market ordering on chinkance
Absolute state of cope lmao

>>51256075
By a retard who thinks Blackrock and the Fed will be market buying like plebs?

>>51256101
You can’t buy half the circulating supply OTC dumbass

>>51256202
>You can’t buy half the circulating supply OTC
Retard spotted

>>51255581
>the funny part is there is no time its an illusion

You can't move through space without also moving through time you silly billy

>>51252648
I'm waiting for the inevitable ETHPoW to sell both chains

>>51253456
holy kek

>>51252429
>Proof of shit
PoS is shit. Proof of randomness solve it.

>>51252462
PoS Proof of Spring

>>51253456
top kek

>>51256208
You must be like 12 years old lmao
And even if you could, you’d still get massive upwards price slippage since you’re literally trying to buy half the circulating supply.

>>51252462

>>51253456
based
buy product

>>51252591
Mccormick is one of the smallest brain in crypto, with pomp

>>51252429
The midwit circle vs the giga brain spiral

>>51255336
This.

Wouldn't it be more correct to call it a helical argument?

>>51254671

People say this all the time, but where are the examples of PoS chains being successfully attacked? Meanwhile there are plenty of examples of 51% attacks on PoW chains.

>>51252462
no its a tube

Why do we still listen to this fool?