[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y ] [Search | Free Show | Home]

Satoshi lacked foresight

This is a blue board which means that it's for everybody (Safe For Work content only). If you see any adult content, please report it.

Thread replies: 48
Thread images: 5

File: btc-coins.jpg (83KB, 1000x628px) Image search: [Google]
btc-coins.jpg
83KB, 1000x628px
>supposed to be decentralized, owned by fucking chink miners
>slow transaction speed, in a world where computers get better by the day
>etc

how come there hasn't appeared the bitcoin killer yet?
>>
Stupid FUD. Ignore

Chink miners can only stall changes to the protocol. That's not "control", idiot.
>>
bitcoin is the ultimate shitcoin, and everyone knows it

but whales and sentimental purists keep other coins down based on tradition and brand loyalty and shit

totally irrational nonsense that goes against TEHCNOLOGY AND PROGRESS

it's literally all just about chink miners and the white cucks who don't want to insult them so the coin stays valuable
>>
>muh satoshi

reminder: satoshi is LITERALLY some middle aged australian white weeb who sweats a lot when talking
>>
>>2801540
Bitcoin or any crypto for that matter has not truly began life yet. even the biggest one is still a "maybe someday" case as far as playing a significant role in the economy goes.

There's not going to be an anything-killer until something achieves mainstream status.
>>
>>2801576
That's not him, tard
>>
>>2801540
>how come there hasn't appeared the bitcoin killer yet?

There has, it's called Decred.
>>
>>2801624
Shhh
>>
>>2801624
Shit coin

>>2801628
Hurr reverse shilling
>>
>>2801624
quieten down child
>>
>>2801640
My bad
>>
>>2801643
the time will come for us, until then we must exist only in the shadows
>>
>>2801540
It's easy to say in hindsight that someone lacked foresight 10 years ago...

LOL!
>>
>>2801586
prove it
>>
There already is a bitcoin killer, it's called IOTA.
>>
XMR is the coin that BTC could have been.
>>
>>2801540

>Invented an incredible new technology, solved unsolved problems in computer science

>Why didn't he predict all of the ramifications that would result from it forever and ever, what an idiot
>>
There's already a bit coin killer, it's called RDD
>>
>>2801743
Shhh, don't tell them. I'm trying to accumulate ;)
>>
>>2801751
Don't worry, nobody cares about it.
>>
>>2801540
There is already a BTC killer. Its called DGB
>>
>>2801743
>>2801751
you spelt bitbean wrong
>>
>>2801763
>>2801743
>>2801540
>>2801624
thanks just bought 100k
>>
File: 1471979956260.gif (2MB, 187x155px) Image search: [Google]
1471979956260.gif
2MB, 187x155px
>>2801540
>hey guys lets make bitcoin the new world currency
>oh wait, the majority is owned by a handful of whales that can manipulate the market at will and we have no regulations in place to prevent them from doing so and due to the anonymity we will never know who they are
>>
vertcoin is literally what bitcoin should've been
>>
Guys it's minereum
>>
>>2802040
>hey guys let's make US dollars the world currency
>90% of it is held by a group of 12 people
>we will never know who they are because they use privacy laws and attorneys as agents to remain anonymous
>these people not just have control over the market, but the entire world economy

Bitcoin is objectively better.
>>
>>2802046
DGB, Chancoin and RDD are the answer.
>>
File: Mah metal.png (480KB, 749x472px) Image search: [Google]
Mah metal.png
480KB, 749x472px
>>2801576

>2017 Being this retarded.
>>
>>2801624
Anything with community-based governance is retarded by design, because people are retarded. You can reduce the risk by making the tools too obtuse for idiots to access, but idiocy runs deep even at the highest level of societies. For a cryptocurrency to succeed as a store of value and means of exchange, it needs to be guided by a benevolent dictator.
>>
>>2801728
Unsolved problems?
>>
how much do you think Satoshi cashed out of Bitcoin?
>>
>>2801723
XMR couldn't had been done in 2009, privacy wasn't that compromised back then and done of the tech behind it like ring cryptography wasn't mature enough
>>
>>2802040
You know that less than 0.01% of the world population holds 95+% of the fiat in the world, right? Chinks have less than 70% of the total hashrate in Bitcoin
Also, it literally can be made to whatever wishes of a small group of non democratically elected bankers want
>>
>>2802615
Byzantine general's problem
>>
File: brotherrr.jpg (37KB, 750x340px) Image search: [Google]
brotherrr.jpg
37KB, 750x340px
>>2802711
the muslim scourge will be purged. Byzantium will rise again!
>>
File: NOOPTIONES.jpg (575KB, 1280x960px) Image search: [Google]
NOOPTIONES.jpg
575KB, 1280x960px
>it must be done
>>
>>2802711
It didn't really solve it though, but it's good enough as a practical solution
>>
>>2802733
cringe
>>
>>2802615
The double spend problem
>>
>>2802945
acid attack
>>
>>2802734
>short crypto
>drive to different state
>purchase disposable phone
>call in a bomb threat to the genisis mining facility
>ditch the phone, bury it in a faraday cage so they can never track it
>make 5 billion dollars

It's so easy it's not even funny.
>>
>>2801540
well the transaction speeds wouldnt be so bad if core had changed a couple lines in the sourcecode and raised the blocksize instead of trolling everyone into thinking nodes that are 200 mb big "would lead to too much decentralization", so dont blame god satoshi for that.

it's cores fault that a bitcoin isnt 10000$ dollars now. read both /r/btc and /r/bitcoin and check your echochamber induced ignorance at the door on the way out.

okthxgtgbai
>>
>>2803088
You're an idiot, this isn't a matter of 200mb lmfao and this WOULD result in decentralization. It's not a real solution. How much scaling does it provide? Barely any with regards to orders of magnitude. For a big blockchain size increase

The algorithmic complexity of the scaling "solution" of increasing block size is not feasible and Satoshi did not want this he chose the block size for a reason

And you're mistaken it would not lead to decentralization, that's what we want - it would lead to centralization

Lines of code are irrelevant "hurr it's a 1loc fix and they're blocking it!"

It's not the RIGHT fix. The fix itself won't scale, you'll have to keep doing it, it's a fucking bandaid

You clearly know NOTHING about scalable software design
>>
>>2801702
that ausfag already proved it when he folded under the pressure himself. Couldnt even back up the shit he claimed, probably wouldnt have said shit if bitcoin didnt go over 100$, he just wanted some attention and money
>>
>>2803331
As if not increasing the blocksize would help in scaling.
>>
>>2803498
It would help scaling but not decentralization, which is what he was arguing.
>>
>>2801540
>blaming chink miners
It's decentralized alright. There's nothing preventing people outside chinkland from participating.
Thread posts: 48
Thread images: 5


[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y] [Search | Top | Home]

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/


If you need a post removed click on it's [Report] button and follow the instruction.
DMCA Content Takedown via dmca.com
All images are hosted on imgur.com.
If you like this website please support us by donating with Bitcoins at 16mKtbZiwW52BLkibtCr8jUg2KVUMTxVQ5
All trademarks and copyrights on this page are owned by their respective parties.
Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
This is a 4chan archive - all of the content originated from that site.
This means that RandomArchive shows their content, archived.
If you need information for a Poster - contact them.