proxynoproxy

5 ms·

1.
by proxynoproxy 1y ago
The fleet analogy doesn’t hold. I used the term “lockstep” for a reason. Fleets of cars are not in lockstep. A degraded fleet is worse than no fleet here, there is no 2 are down, 8 are up here. A better yet strained analogy is 10 cars with
2.
by proxynoproxy 1y ago
Don’t forget that opaque blockchains can have invisible inflation. Transparent blockchains will always be worth more, as the user can verify that inflation has not occurred. This applies to grin as much as xmr.
3.
by proxynoproxy 1y ago
We don’t know exactly what happened between 0 and 1, but it’s not really that important, other than it’s “externally verifiable hash”, eg PoW. Real Return”. I think the real return is -40% since PoS? And falling? The illusion of yield. It’
4.
by proxynoproxy 1y ago
And just to think of the energy that you wasted arguing this tired point! It’s about trust. You don’t see it has value because you trust in authority. For those that don’t trust in authority, they need a proof of work to prove that someone
5.
by proxynoproxy 1y ago
Source: https://bitcointalk.org/index.php?topic=195.msg1611#msg1611 It’s not an apples to apples comparison — I was there in 2013 with the 0.4/0.5 bdb issue happened, it was a split (not downtime), and the community we
6.
by proxynoproxy 1y ago
Satoshi spent real resources to mine, yes they were negligible at the time, but it was real resources. I recall genesis block took 6 days of hashing at difficulty 1. Vitalik just hit print. BitAxe is a toy, yes. But my point was that peopl
7.
by proxynoproxy 1y ago
Yes, It’s been performing badly since PoS. Ugh. Satoshi wrote about this. Lockstep. Single Client = Good. multiple client = menace. I’m ignoring Knots because it’s in the menace category. Ethereum ignored this wise wisdom and ended up with
8.
by proxynoproxy 1y ago
I was also there. Seemed like a scam, like all those other premined coins that were popular when ETH launched. I stand by that assessment in 2025. I guess technically if you had traded Bitcoin for ETH at launch and then back to Bitcoin befo
9.
by proxynoproxy 1y ago
Cherry-picked timeline… It’s reality dude! It’s the timeline that reflects reality in 2025. Of course if you imagine a reality where ETH PoS was the best and the coin was worth $100k/ETH post merge you could say that. But that’s fantas
10.
by proxynoproxy 1y ago
Updated to 60%. Your right I should have verified this.
11.
by proxynoproxy 1y ago
And yet, every ETH is worth much less sats today then when it was PoW. Remember the flipping, lol. All the yields in the world don’t mean nothin’ if the value of the capital is not preserved. To say nothing about “security”. I would argue t
12.
by proxynoproxy 1y ago
It’s not wrong, you just don’t like it, don’t get it. It’s ok; you will eventually. Everyone does. In the scenario I trust the later more than the former! And that’s fine, we have different perspectives. You wanna shut us down, I want you t
13.
by proxynoproxy 1y ago
60% of eth was printed from nothing and sold to insiders on day for Bitcoin! It’s all awful and inexcusable! (Edit for 60%)
14.
by proxynoproxy 1y ago
Ethereum printed 60% of its tokens day one; sold to insiders. and then mined 40% for the illusion of decentralization. Close enough. Premined scam. (Edit for 60%)
15.
by proxynoproxy 1y ago
It’s good that you have identified that PoS and the global fiat financial system are pretty much the same microcosmic scam.
16.
by proxynoproxy 1y ago
https://bitaxe.org/ I guess all those plebs are just imagining mining sats at the edge. Mining isn’t just farms. And farms are not pools. You are regurgitating ETH propaganda that doesn’t match reality. what you are missing
17.
by proxynoproxy 1y ago
“I hate TikTok and all those ByteDance Data Centers must be shut down because it’s a waste and I don’t like it”.
18.
by proxynoproxy 1y ago
Nah you just enrich the founders who did nothing except print all the tokens out of nothing. PoS is worthless, it came from nothing, it is worth nothing.
19.
by proxynoproxy 1y ago
You don’t really get how mining pools work. It’s not a monolithic thing. well OK MARA is a proprietary pool, but the rest are made up of people contributing hash. If a state actor took over a pool, we could spin up another quick smart. Hash
20.
by proxynoproxy 1y ago
No, you need to buy from an insider. Who bought from an insider. Who bought from an insider. Who printed it from nothing. Meanwhile PoW needs real work. Real resources. Real effort. PoS is a Ponzi
21.
by proxynoproxy 1y ago
It’s more that waste energy allows one way process, which is valuable. Valves. Diodes. One doesn’t complain about waste heat from computation in general, if that computation has value. And the second part - you won’t understand because you
22.
by proxynoproxy 1y ago
Haha, no. Like in sui where the validators halted and froze? Or Solana where dishonest stalkers rigged the delegated staking auction and stole from other stakers? What you are repeating is the same PoS nonsense. Get out of here. Eth drove o
23.
by proxynoproxy 1y ago
I don’t think this is anything like past cycles. Blackrock and Nations be playing this time. Stack accordingly.
24.
by proxynoproxy 1y ago
Because it’s not external referencing. It’s all on chain, and any external price of tokens is all in humans minds. Of course, true of Bitcoin too. However, energy is the external thing that links time and computation to the chain data. Real
25.
by proxynoproxy 1y ago
Only the one big pow coin matters tho. Turns out, PoS coins are worthless! I also dislike energy frugality arguments. They come from a Luddite place. A civilization is defined by its energy usage. Let’s be advanced civilization.
26.
by proxynoproxy 1y ago
Sam’s iris harvesting plan will continue as long as the incentive, worldcoin, holds value. There were coins printed out of nothing by a guy called Sam backing an enterprise last time too.
27.
by proxynoproxy 1y ago
And that’s the good guys. The bad guys won’t stop scanning if you ask them nicely either.
28.
by proxynoproxy 1y ago
Get rid of the non CSPRNG function. Someone will use this to store coin and get robbed. Non-csprng has no place in this tool
29.
by proxynoproxy 1y ago
I wouldn’t call this “incoherent” rather, I propose the terminology “vendor subvertable”. Yes, any time a vendor of software has any direct update capabilities, a targeted update can bypass the encryption provided by some software. In pract
30.
by proxynoproxy 1y ago
I agree in part, but nobody legit is paying $200/month to use signal or other free secure private messengers. If it was a free platform I can see innocents getting caught, but considering it was sold by criminals, to criminals for a cr

More ›