Editorial On Cryptocoins: I think I know why Satoshi Nakamoto Hides

[R-T-B]

What a crock. How can one not expect anonymous, non regulated currency to be used for nefarious purposes?

So many people incorrectly believe that all technology is neutral, and it just matters how it is used....but that's not the case at all, technology has its own inherent "morality" so to speak. It's not solely humans fault for "this", anyone with an elementary understanding of capitalism could have told you that this cryptocurrency thing could have only turned out the way it has....in a capitalist reality, profit and it's determination will always define reality.

Everything I've seen of Nakamotos behavior is more hardcore libertarian niavety to be frank. He's certainly not a crook, he never spent or profited from a single bitcoin he mined, and vanished very shortly after it gained recognition (something he seemed opposed to in his last posts, by the way).

 

[yotano211]

We should really thank all those dedicated crypto mining factories in China, US, Korea for destroying any chance the normal average Joe would make any substantial profit with a PC only.
As you said the human greed is the worst enemy of humanity.
https://bitcoinworldwide.com/mining/china/

Human greed is everywhere

 

[R-T-B]

Human greedy is everywhere

Which is why we really need a coin that is not as I put it "both dealer and enabler"

I don't blame people on these forums trying to make a quick buck. But someday, this has to change... I hope sooner than later.

I don't have all the answers. This post is only meant to provide you a window into a past mindset. And for all you screaming "how could you not know?!?!?!," well, hindsight is 20/20 people. You have the advantage there.

 

[yotano211]

Which is why we really need a coin that is not as I put it "both enabler and dealer"

I don't blame people on these forums trying to make a quick buck. But someday, this has to change... I hope sooner than later.

I don't have all the answers. This post is only meant to provide you a window into a past mindset. And for all you screaming "how could you not know?!?!?!," well, hindsight is 20/20 people. You have the advantage there.

The only way to change is to delete the human race.
Something to make a quick buck always comes along every so often. Remember what happened 9 years ago with real estate.

 

[R-T-B]

The only way to change is to delete the human race.
Something to make a quick buck always comes along every so often. Remember what happened 9 years ago with real estate.

You CAN make something that doesn't inherently cater to their weaknesses so well.

I agree something else will fill the gap though.

 

[Rockarola]

Excuse me sir RTB

But... we didn't see it coming??? Are you mental? 'When I started mining the impact wasn't quite clear'... well you lack some serious insight in anything outside of your own attic then. There's a whole world out there you know? I'm sorry to be so harsh, but that sentence right there disqualified any faith I still have in anything else you wrote. It contains so much naive, I can't even get to grips with it. And you came to terms with yourself and became 'level headed' after a few Bitcoin value ups and downs. Wow... just wow.

The only good thing about Bitcoin is the blockchain tech and that is something we will keep seeing in the future and is a great tool to have especially in a world where digital security matters.

The cryptocurrency by definition and by the way it is mined, should die off really quickly, but validation through blockchain is something that will essentially save us loads of effort and in turn, energy compared to the current way we handle transactions.

Bitcoin was never about power to the people or removing the fat banks and decentralizing control. If you believe this, go eat your tin foil hat. Already the blockchain is being monetized and analyzed by banks worldwide. They will make it theirs, and that's all she wrote.

Oh and this bullshit about proof of work... you're not working, you're just using shitloads of energy to let a machine do processing. The work you do, is paying your energy bill and pressing the on button. Its one of those things that people who sit behind a computer love to think of as work, and it has become some weird form of self fulfilling prophecy for them. Get a life... before that bubble bursts and you'll be back to zero. And about BOINC and putting it towards science - sure, that's all fine, as long as you don't monetize it. Its just like so many other things people just 'like to do' because of emotional reasons - they work as such, and die off once you monetize it.

Are you really that dense?
"proof of work" does not mean "proof you've earned your blisters" it simply means "proof that your computer worked on this hash"
If simple concepts like that needs to be explained, perhaps you should read up on the subject before you comment...or are you just trying to illustrate your (misinformed) point?

 

[Basard]

Human greed, eh?

So putting a few GPUs into a server rack is greed now? If somebody wants to give me a real physical asset in exchange for a 'bitcoin' that I 'mined' by clicking on the 'go' button on my computer; how can that be considered greed?

It's opportunistic at most--human ingenuity at it's best/worst.

 

[Rockarola]

@R-T-B

I'll pass on your sickening Marxist positioning and the obvious contradictions on your text; let me just forward some bad news:
your knowledge of the monetary and financial system is null, and digital currency can only be understood in this context. When you're familiar with concepts like the Gold Standard, money as a commodity, Fiat money, fractional reserve banking, money supply... then we can have a chat.
As to the power consumption and the safe of the planet ....

Marxist?
Economic theory is like gravity, you can argue the details all you want but it won't slow your fall.
Calling a post Marxist tells us a lot more about you than it does about the post...why don't you enlighten us poor fools, instead of just attacking?

 

[R-T-B]

Human greed, eh?

So putting a few GPUs into a server rack is greed now? If somebody wants to give me a real physical asset in exchange for a 'bitcoin' that I 'mined' by clicking on the 'go' button on my computer; how can that be considered greed?

It's opportunistic at most--human ingenuity at it's best/worst.

The "greed" comes in when you have a desire to have way more than your fair share, ala the bitcoin mining farms in China and such.

If everyone mining was mining with 6 GPUs or less, we wouldn't be having this conversation.

Marxist?
Economic theory is like gravity, you can argue the details all you want but it won't slow your fall.
Calling a post Marxist tells us a lot more about you than it does about the post...why don't you enlighten us poor fools, instead of just attacking?

Lol, it's ok, I've been called a Marxist two times now and it made me win a personal (money-free) bet with another editor here. Yay!

 

[Basard]

I can't believe that even paper money has lasted as long as it has. I make a certain amount of money an hour and for what I can buy in return--I'm just glad to be alive in such a time.... It's amazing the amount of tech that a paper dollar can buy, let alone a bitcoin.

But what does it all really DO for us? Other than ALL of our thinking....

If everyone mining was mining with 6 GPUs or less, we wouldn't be having this conversation.

Why would you mine with six GPUs when you could mine with seven? Are you dumb? (lol jk man) It's not greed to do such a thing, just opportunity..... Now if you beat up your neighbor and steal his GPU, then that's greed.

 

[yotano211]

I can't believe that even paper money has lasted as long as it has. I make a certain amount of money an hour and for what I can buy in return--I'm just glad to be alive in such a time.... It's amazing the amount of tech that a paper dollar can buy, let alone a bitcoin.

But what does it all really DO for us? Other than ALL of our thinking....


Why would you mine with six GPUs when you could mine with seven? Are you dumb? (lol jk man) It's not greed to do such a thing, just opportunity..... Now if you beat up your neighbor and steal his GPU, then that's greed.

I think thats assault and theft. Greed is way different from that.

 

[MrGenius]

The only way to change is to delete the human race.

I couldn't agree more.

 

[cuneytcam]

There are many seeds of negative feelings among people of the world, any kind of tool to serve humans like cryptocurrency can be turned into twisting negative energy pumping events. This is all human originated but it is not enough to explain. There are wicked people out there who abuses feelings of people to make act them this way, but they make very good preprations(perception play) so the chances become you will likely act as they wish (gaslighting).

Staying firm and holding your ground fixes this chaos but instead we chase new smartphones and millions mroe products like zombies. Guess we stay firm to be a simple zombie who cannot have shred of self-control.

 

[daehxxiD]

I personally also feel very uncomfortable about the momentary Cryptocurrency hype... now this might ACTUALLY be marxist, but I really think the system needs some way to define an upper limit of possible mining by one actual person.

Otherwhise you will have the same unbalance as you've had before. Some control the vast amount of coins, and in return can totally control its availability and as such worth. All goes back to being centralized, only that now its not anything being regulated by a fairness-based institution. Then again, guess its just fair that those who have the money now, can have even more power/money in the future. That's how the system as a whole works after all.

 

[cuneytcam]

The "greed" comes in when you have a desire to have way more than your fair share, ala the bitcoin mining farms in China and such.

If everyone mining was mining with 6 GPUs or less, we wouldn't be having this conversation.



Lol, it's ok, I've been called a Marxist two times now and it made me win a personal (money-free) bet with another editor here. Yay!

I will have to make a fix there,

Not guarenteed to not have this conversation if everyone mines with 6- GPUs however "just and mutual respect" as you might have implied comes with strong family/social/constitution which are fundementaly based on human mind and its desires. We have to change as persons to reach peace, to make that change we need to make compromises. This is the part we fail horribly, we just do not want give an inch of what we desire. I do not believe we are at a point of understanding this whole proccess. To see the truth we need to have inverted CPTSD (complex post-traumatic stress disorder) cocktail which definetaly comes with WWs. I prefer to make change over time by controlling my desires instead of having a WW to make a hard-change because you can guess the pictures of next WW.

 

[Basard]

I think thats assault and theft. Greed is way different from that.

Well, it's theft and assault..... caused by greed.

If everyone mining was mining with 6 GPUs or less, we wouldn't be having this conversation.

Sorry I'm gonna have to quote this again. And I'm also sorry to take it so literally, but if EVERYBODY were mining with 6 GPUs then we'd ALL be earning how much money? Like forty bucks a month profit (I'm guessing)? My guess would be everybody's rent would go up forty dollars a month to make up for all the new 'free' money that everybody has.


My main point is I guess this: If crypto-currency is so great, why isn't EVERYBODY plugging in a bunch of GPUs and retiring? The whole thing is silly as hell.

I'll leave this post.... before we all start really arguing over what a fair share is.

 

[r9]

We are nothing but parasites.

 

[yotano211]

Well, it's theft and assault..... caused by greed.

Thats still assult and theft. Greed, like when I travel to your city of Oshkosh, WI for the EAA airshow and the houses around the airport charge $20 for parking on their lawn when EAA charges $10 per day for parking. Greed is not when I go punch out the house owner in the face for overcharging me for parking. I still love that airshow, money well sent.
ahahaa

 

[R-T-B]

Well, it's theft and assault..... caused by greed.


Sorry I'm gonna have to quote this again. And I'm also sorry to take it so literally, but if EVERYBODY were mining with 6 GPUs then we'd ALL be earning how much money? Like forty bucks a month profit (I'm guessing)? My guess would be everybody's rent would go up forty dollars a month to make up for all the new 'free' money that everybody has.


My main point is I guess this: If crypto-currency is so great, why isn't EVERYBODY plugging in a bunch of GPUs and retiring? The whole thing is silly as hell.

I'll leave this post.... before we all start really arguing over what a fair share is.

To clear things up "everybody" meant "everyone presently mining." And yes, in this boat it would basically pay your electric + a bit for helping. That's how it used to be. That's how it was supposed to remain.

Cryptocurrency was never supposed to be good for the miner. It was supposed to reap the end user benefits, and pay the miners electric, nothing more.

We are nothing but parasites.

 

[Totally]

I am baffled by the lack of knowledge of the author... -_-

Dude, there are millions of people earning money in exchanges - every day. Cryptocoins has much greater value variation than shares. for example:

I buy 10000 Neoscoin @ 0.0001 = 1 BTC
And Sell 10000 @ 0.002 = 20 BTC

Yes, that's right, over 50000 USD. Bitcoin is the future.

That's just speculation, nothing to do with mining other than that the commodity you are trading happens to be btc.

 

[R-T-B]

That's just speculation, nothing to do with mining other than that the commodity you are trading happens to be btc.

Actually, I'd argue the commodity he was betting on was really Neoscoin. So maybe Neoscoin is the future by his logic.

 

[Vayra86]

Are you really that dense?
"proof of work" does not mean "proof you've earned your blisters" it simply means "proof that your computer worked on this hash"
If simple concepts like that needs to be explained, perhaps you should read up on the subject before you comment...or are you just trying to illustrate your (misinformed) point?

Perhaps you need to do some better reading, because this is exactly what I'm also saying it is. If anything is lost on people here, its lost on you, including the meat of my post.

Other than that, thanks for letting us now your POV as well, and adding to this topic... don't let the toxin bite you.

DD/MM/YYYY is how his country does it. Therefore it is the right way

Starting with months only to go back to days and then years never made any sense to me either.

 

[SPLWF]

This guy explains Mining and it's consequences best.

 

[Totally]

Company #2 is someone from Amd because it's the literally the same exact statement the company made when a 6000/7000 series couldn't be found after it was discovered gcn was really good at mining.