PoW vs PoS is not related to scale, in any form.
The argument is a red herring.
PoS end as a SMALL number of large nodes, ie Facebook shares.
The issue of processing is utterly unrelated to PoAnything.
PoS is stopping competition, not scale
Proof of stake isn’t a mechanism associated with the distribution of nodes to people. There is no method. That was the whole point of the bitcoin whitepaper stating sibling.
And all that ends up happening is that nodes need to register ownership. Just like shares. Nodes and up as large systems are not related to small distributions, just as Facebook and Google are owned by you small people who control them and the longtail effect means absolutely nothing.
Share ownership isn’t distributed under a Pareto model. Although it is a long tail, it is generally a long tail where a very small number of individuals holds 50% of the control.
There are no differences with any other financial assets. So to state that suddenly it’s going to be a democratic system where individuals hold one vote is completely asinine, and anyone who doesn’t think this through needs to go back and do a little bit of study.
Most shares are held by small groups
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627902040146100?thread_ts=1627902040.146100&cid=C5131HKFX
https://t.me/CSW_Slack/2796
The argument is a red herring.
PoS end as a SMALL number of large nodes, ie Facebook shares.
The issue of processing is utterly unrelated to PoAnything.
PoS is stopping competition, not scale
Proof of stake isn’t a mechanism associated with the distribution of nodes to people. There is no method. That was the whole point of the bitcoin whitepaper stating sibling.
And all that ends up happening is that nodes need to register ownership. Just like shares. Nodes and up as large systems are not related to small distributions, just as Facebook and Google are owned by you small people who control them and the longtail effect means absolutely nothing.
Share ownership isn’t distributed under a Pareto model. Although it is a long tail, it is generally a long tail where a very small number of individuals holds 50% of the control.
There are no differences with any other financial assets. So to state that suddenly it’s going to be a democratic system where individuals hold one vote is completely asinine, and anyone who doesn’t think this through needs to go back and do a little bit of study.
Most shares are held by small groups
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627902040146100?thread_ts=1627902040.146100&cid=C5131HKFX
https://t.me/CSW_Slack/2796
Telegram
CSW - Slack Channel
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627902040146100?thread_ts=1627902040.146100&cid=C5131HKFX
https://t.me/CSW_Slack/2796
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627902040146100?thread_ts=1627902040.146100&cid=C5131HKFX
https://t.me/CSW_Slack/2796
I wonder if anyone has noticed a couple of points:
The date format in bitcoin when it was launched was not American
Next, the original images on the website from the launch in 2009 in January detail transfers
these transactions started running on 3 January
the screen capture was done late at night
the simple answer here is that the original version of bitcoin before the restart was running and was tested and had multiple transactions
As I stated - it was restarted
And, it was loaded then on the site
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627909633150500?thread_ts=1627909633.150500&cid=C5131HKFX
https://t.me/CSW_Slack/2799
The date format in bitcoin when it was launched was not American
Next, the original images on the website from the launch in 2009 in January detail transfers
these transactions started running on 3 January
the screen capture was done late at night
the simple answer here is that the original version of bitcoin before the restart was running and was tested and had multiple transactions
As I stated - it was restarted
And, it was loaded then on the site
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627909633150500?thread_ts=1627909633.150500&cid=C5131HKFX
https://t.me/CSW_Slack/2799
Telegram
CSW - Slack Channel
CSW
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627909633150500?thread_ts=1627909633.150500&cid=C5131HKFX
https://t.me/CSW_Slack/2799
Ago 2, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627909633150500?thread_ts=1627909633.150500&cid=C5131HKFX
https://t.me/CSW_Slack/2799
Something to remember.
There are no victimless crimes. Fraud is not a victimless crime, and these claims that we need to be respectful and remember people like Pony Fluffer are completely utterly asinine.
Stating that he has more money now is also irrelevant.
His charge and is facing conviction for doing a major crime. This commented that it only 100,000 at a time just demonstrates the ignorance many people have and display in the so-called Cryptocurrency community.
Whilst we have to await the process of the court, if we assume that this is valid for the moment, then we need to assume that he is not this nice person that everyone claims that he is and that I’ve been saving for a long time that is not.
Whilst he may have more money than that now, the reality is that this individual has destroyed lives. Importantly, fraud is not something that leaves individuals in the community without any damage. In taking that money, he has enriched himself no differently than any thief.
All of these people who claim that anarchy will save us need to remember that there are people like this who will parasitically destroy any system without governance.
This is a person who before starting a system designed to make drug sales more efficient demonstrated his disrespect not only for the law but for other people. In committing financial frauds a person is stealing from others and destroying lives.
So, when people like Cobra tell you to remember this person, remember that it turns out that he is guilty, we should be remembering that the jail cell is not dark enough, not cold enough not dank enough and he will not ever suffer enough to repay the damage that he has done to other people. This sort of fraudulent misappropriation leads to suicide and destroyed lives. It leads to failed businesses and the crushed hopes of those who are honest.
What we should be remembering is that no prison will make up for those losses and that no amount of time will ever repay the victims of such crimes.
Next remember, this is the person running a financial system for many years. A person holding control over code and the implementation of monetary systems that you needed to trust a person who is obviously being demonstrated to be less than trust worthy.
CSW
Ago 3, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627982522181800?thread_ts=1627982522.181800&cid=C5131HKFX
https://t.me/CSW_Slack/2812
There are no victimless crimes. Fraud is not a victimless crime, and these claims that we need to be respectful and remember people like Pony Fluffer are completely utterly asinine.
Stating that he has more money now is also irrelevant.
His charge and is facing conviction for doing a major crime. This commented that it only 100,000 at a time just demonstrates the ignorance many people have and display in the so-called Cryptocurrency community.
Whilst we have to await the process of the court, if we assume that this is valid for the moment, then we need to assume that he is not this nice person that everyone claims that he is and that I’ve been saving for a long time that is not.
Whilst he may have more money than that now, the reality is that this individual has destroyed lives. Importantly, fraud is not something that leaves individuals in the community without any damage. In taking that money, he has enriched himself no differently than any thief.
All of these people who claim that anarchy will save us need to remember that there are people like this who will parasitically destroy any system without governance.
This is a person who before starting a system designed to make drug sales more efficient demonstrated his disrespect not only for the law but for other people. In committing financial frauds a person is stealing from others and destroying lives.
So, when people like Cobra tell you to remember this person, remember that it turns out that he is guilty, we should be remembering that the jail cell is not dark enough, not cold enough not dank enough and he will not ever suffer enough to repay the damage that he has done to other people. This sort of fraudulent misappropriation leads to suicide and destroyed lives. It leads to failed businesses and the crushed hopes of those who are honest.
What we should be remembering is that no prison will make up for those losses and that no amount of time will ever repay the victims of such crimes.
Next remember, this is the person running a financial system for many years. A person holding control over code and the implementation of monetary systems that you needed to trust a person who is obviously being demonstrated to be less than trust worthy.
CSW
Ago 3, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627982522181800?thread_ts=1627982522.181800&cid=C5131HKFX
https://t.me/CSW_Slack/2812
Telegram
CSW - Slack Channel
CSW
Ago 3, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627982522181800?thread_ts=1627982522.181800&cid=C5131HKFX
https://t.me/CSW_Slack/2812
Ago 3, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1627982522181800?thread_ts=1627982522.181800&cid=C5131HKFX
https://t.me/CSW_Slack/2812