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Thread: Blockchain is bullshit.

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    Quote Originally Posted by Walt View Post

    The next step is to realize we may all be in the same situation.
    and the step after that is to simply just stop trying to cost cut fellow human beings out of existence due to our own criminal indoctrination into nihilistic naziism.

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    Quote Originally Posted by Chinese Sleeper Cell View Post
    if you are saying "blockchain guarantees ulitimate trust and fidelity and if you don't trust us now you're just a problem" then kindly go fuck yourself, banker fascist liar.
    Banks count on being the one keepers of the true ledger for everyone else. Seriously, distributed ledgers challenge their power. You are the defender of the bankers. Fascists are even more centralized with their ledger.

    Quote Originally Posted by Chinese Sleeper Cell View Post
    any digital file can be falsified.
    You would need to falsify every last copy, so good luck with that. If you can do it, you can make billions. Odd how no one has done it.

    People have made fake paper money. People have made fake gold. People have made fake silver. People have made fake diamonds. All that is doable.

    Quote Originally Posted by Chinese Sleeper Cell View Post
    and people can't check the funtioning of their software anyway.
    The Bitcoin protocol is completely open source. It has to be to work. Most of the programs that use it are open source too. While not all people are technically savvy enough to check that the software is working, large numbers of them are.

    Quote Originally Posted by Chinese Sleeper Cell View Post
    blockchain doesnt matter anyway.
    appartently the technostate criminals can just take your money in broad daylight for wrongthink.
    see ongoing trump persecution.
    If he had his money in Bitcoins, they would not be able to take his money. trump has his money in real estate, which is easily seized.

    Quote Originally Posted by Chinese Sleeper Cell View Post
    you people are why we can't have nice things.
    Americans are less than 5% of the population, that have almost 25% of the consumption of humanity... Maybe the reason you are missing out on the nice things the rest of us get is you are failing?

    Quote Originally Posted by Chinese Sleeper Cell View Post
    but i forgive you and want you to change.
    I have nice things. Why would I want to change to be more like you, when you admit you do not have nice things?
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."
    trump is a child rapist. We all know it.

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    Quote Originally Posted by Walt View Post
    Banks count on being the one keepers of the true ledger for everyone else. Seriously, distributed ledgers challenge their power. You are the defender of the bankers. Fascists are even more centralized with their ledger.



    You would need to falsify every last copy, so good luck with that. If you can do it, you can make billions. Odd how no one has done it.

    People have made fake paper money. People have made fake gold. People have made fake silver. People have made fake diamonds. All that is doable.



    The Bitcoin protocol is completely open source. It has to be to work. Most of the programs that use it are open source too. While not all people are technically savvy enough to check that the software is working, large numbers of them are.



    If he had his money in Bitcoins, they would not be able to take his money. trump has his money in real estate, which is easily seized.



    Americans are less than 5% of the population, that have almost 25% of the consumption of humanity... Maybe the reason you are missing out on the nice things the rest of us get is you are failing?



    I have nice things. Why would I want to change to be more like you, when you admit you do not have nice things?
    people can't work with open source.

    you're still asking for blind trust.

    you're the banker fascist defender.



    even if theoretically blockchain would work for "full trust" or whatever the fuck dumb thing you say, that doesn't mean implementations wouldn't have backdoors to exploit the unfounded trust.
    Last edited by Blackwater Lunchbreak; 02-24-2024 at 07:04 AM.

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    Quote Originally Posted by Chinese Sleeper Cell View Post
    no it means regular corporations
    Italy did not even have "regular corporations" until after WWII. LLC are a recent invention. For half of America's existence, they did not exist in America.

    Corporatism, which included fascism, did not believe everything should be LLC. In fact, a pre-WWII Italian or Spaniard would not be thinking of a LLC. The corporations in corporatism is the cartels made up of whole segments of the economy.

    Quote Originally Posted by Chinese Sleeper Cell View Post
    fascism is totalitarianism with corporations still running to get things done and fingerpointing between corps and government to confuse the populace, and with "supply side" (pro corporate policies) firmly enforced by the state and corporations worshipped as "job creators".
    Republicans are the supply siders in America. Republicans worship the supposed "job creators."

    Democrats believe consumers are the real job creators. They are more demand siders.

    Quote Originally Posted by Chinese Sleeper Cell View Post
    neocon globalist fascist technostate.
    Fascists claim to be opposed to a group they call the globalists. The NeoCons are Republicans.
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."
    trump is a child rapist. We all know it.

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    Quote Originally Posted by Walt View Post
    Italy did not even have "regular corporations" until after WWII. LLC are a recent invention. For half of America's existence, they did not exist in America.

    Corporatism, which included fascism, did not believe everything should be LLC. In fact, a pre-WWII Italian or Spaniard would not be thinking of a LLC. The corporations in corporatism is the cartels made up of whole segments of the economy.



    Republicans are the supply siders in America. Republicans worship the supposed "job creators."

    Democrats believe consumers are the real job creators. They are more demand siders.



    Fascists claim to be opposed to a group they call the globalists. The NeoCons are Republicans.
    many globalists are fascists. they're just NOT nationalist.

    globalism can also be called internationalist fascism. it believe in the supremacy of the multinational bank and and the multinational corporation.

    I know in the newspeak your try to tie fascism to nationalism, but it need not be.

    it's simply the union of state and corporate power.

    that;s why i call globalism "internationalist fascism".

    in fact, the FASCISM NOW IS PREDOMINANTLY ANTI-NATIONALIST or globalist.

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    Quote Originally Posted by Chinese Sleeper Cell View Post
    and the step after that is to simply just stop trying to cost cut fellow human beings out of existence due to our own criminal indoctrination into nihilistic naziism.
    The demand siders are trying to figure out how to keep human beings as consumers.
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."
    trump is a child rapist. We all know it.

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    Quote Originally Posted by Chinese Sleeper Cell View Post
    people can't work with open source.
    I work with open source all the time.

    Quote Originally Posted by Chinese Sleeper Cell View Post
    even if theoretically blockchain would work for "full trust" or whatever the fuck dumb thing you say, that doesn't mean implementations wouldn't have backdoors to exploit the unfounded trust.
    Again, all the implementations would have to have the same backdoor.... WHICH DID HAPPEN!!! It is worth looking at what happened when it did happen.

    Numbers on computers can rollover like an odometer in a car. If the computer adds two big enough numbers together, it will rollover to a small number. Lets pretend the rollover point is 1,000,000. Someone realized that if he takes 1 Bitcoin and says take that 1 Bitcoin and transfer 500,000 Bitcoins to one account, and 500,001 Bitcoins to another, the all the software would make the same mistake and approve it. It added 500,000 to 500,001, and got 1 which is the same amount as it started with, so that is a fine transaction.

    This was immediately noticed around the world. It turns out that there are people all over the place checking the Bitcoin Blockchain for errors. They immediately fixed the software, but the next step was how to convince miners to use the corrected software. After all, if you throw away that branch, then all the miners after the wrong block lose their reward, even though they spent good money to get those blocks.

    When they convinced 50+% of the miners to use the corrected software, the corrected branch grew longer than the incorrect branch, and then even the miners who had not corrected the software began using the corrected branch. Almost all miners just add onto the longest branch, if the longest branch makes sense to them.

    It turns out that transactions are reversible, you just need to convince 50+% of the miners.

    The incorrect branch was forked by miners who refused to give up their prize, and became Bitcoin Classic, or some such name.
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."
    trump is a child rapist. We all know it.

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    Quote Originally Posted by Walt View Post
    I work with open source all the time.



    Again, all the implementations would have to have the same backdoor.... WHICH DID HAPPEN!!! It is worth looking at what happened when it did happen.

    Numbers on computers can rollover like an odometer in a car. If the computer adds two big enough numbers together, it will rollover to a small number. Lets pretend the rollover point is 1,000,000. Someone realized that if he takes 1 Bitcoin and says take that 1 Bitcoin and transfer 500,000 Bitcoins to one account, and 500,001 Bitcoins to another, the all the software would make the same mistake and approve it. It added 500,000 to 500,001, and got 1 which is the same amount as it started with, so that is a fine transaction.

    This was immediately noticed around the world. It turns out that there are people all over the place checking the Bitcoin Blockchain for errors. They immediately fixed the software, but the next step was how to convince miners to use the corrected software. After all, if you throw away that branch, then all the miners after the wrong block lose their reward, even though they spent good money to get those blocks.

    When they convinced 50+% of the miners to use the corrected software, the corrected branch grew longer than the incorrect branch, and then even the miners who had not corrected the software began using the corrected branch. Almost all miners just add onto the longest branch, if the longest branch makes sense to them.

    It turns out that transactions are reversible, you just need to convince 50+% of the miners.

    The incorrect branch was forked by miners who refused to give up their prize, and became Bitcoin Classic, or some such name.
    but to seek mass adoption of a system you can't expect people to go look at the code, and even if they could do that, you can't guarantee no backdoors or bad code in an implemented system.

    and mining is stupid anyway. mining means there will be new bitcoins created.

    and what's the limit on how far a bitcoin can be subdivided? effectively none.

    inflation can still happen with effectively fiat infinitely divided bitcoins.

    and it's digital nature guarantees enmeshment with the technocratic fascist state forever.

    it's bad and stupid in all regards.

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    Quote Originally Posted by Walt View Post
    I work with open source all the time.



    Again, all the implementations would have to have the same backdoor....
    no. different implementations could have different backdoors.

    why are you saying dumb shit?

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    Quote Originally Posted by Chinese Sleeper Cell View Post
    but to seek mass adoption of a system you can't expect people to go look at the code, and even if they could do that, you can't guarantee no backdoors or bad code in an implemented system.
    I already explained what happens when an accidental backdoor happens. There are enough people looking at the details of the code, that they catch and correct the problem.

    Quote Originally Posted by Chinese Sleeper Cell View Post
    and mining is stupid anyway. mining means there will be new bitcoins created.
    About every four years, the number of Bitcoins create per block halves. We are about to have another halving. The diminishing number of Bitcoins created each time means there will never be more than 21 million Bitcoins.

    I consider that to be a design mistake, because it means there will probably be Bitcoin deflation. Deflation is the empire killer.

    Quote Originally Posted by Chinese Sleeper Cell View Post
    and what's the limit on how far a bitcoin can be subdivided? effectively none.
    You can divide a Bitcoin into 100,000,000th of a Bitcoin. That allows smaller and smaller pieces of a Bitcoin to be transferred to adjust for inflation. If a candy bar costs 1 Bitcoin one year, and one millionth the next year, both transactions can still be made.

    Quote Originally Posted by Chinese Sleeper Cell View Post
    inflation can still happen with effectively fiat infinitely divided bitcoins.
    A dollar can be divided into pennies, which does not cause inflation.

    Quote Originally Posted by Chinese Sleeper Cell View Post
    and it's digital nature guarantees enmeshment with the technocratic fascist state forever.
    How so?
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."
    trump is a child rapist. We all know it.

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    Quote Originally Posted by Walt View Post
    I already explained what happens when an accidental backdoor happens. There are enough people looking at the details of the code, that they catch and correct the problem.



    About every four years, the number of Bitcoins create per block halves. We are about to have another halving. The diminishing number of Bitcoins created each time means there will never be more than 21 million Bitcoins.

    I consider that to be a design mistake, because it means there will probably be Bitcoin deflation. Deflation is the empire killer.



    You can divide a Bitcoin into 100,000,000th of a Bitcoin. That allows smaller and smaller pieces of a Bitcoin to be transferred to adjust for inflation. If a candy bar costs 1 Bitcoin one year, and one millionth the next year, both transactions can still be made.



    A dollar can be divided into pennies, which does not cause inflation.



    How so?
    im talking about intentional backdoors.

    like you on friday night.

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    Quote Originally Posted by Walt View Post
    You will not learn anything by listening to the conspiracy theories of the alt right.

    Blockchains are a way of making a distributed ledger without trust. You know what a ledger is, basically it is a record, usually of money or other assets. A distributed ledger is when there is not a central list, but a lot of copies of the list.

    How do you do that when the people holding the copies are anonymous or for some other reason not trusted? It is assumed that whatever 51% of the nodes say is true is in fact true. But I could create an infinite number of virtual(fake) nodes and make it look like I am 51%, so how do we solve that? A common solution is proof of work. Basically, you need 51% of the computer power in the entire network to have the true ledger.

    This is done by having changes in the ledger collected into a block. All the miners check all the changes to make sure they make sense. Then they try to solve a difficult computer problem that takes brute force to solve. The chance any miner has to solve it is the portion of the network's computer power he has. So if he has one millionth of the computer power, he has one millionth of a chance of solving it first.

    Every time a miner solves a block, they add that solution onto a chain of blocks. If other miners do not think that block is correct, they will not add onto that block's chain. The longer the chain, the higher the confidence that that chain is correct.

    If groups of miners disagree on whether blocks make sense, or more likely disagree on the very rules of how a block makes sense, then a fork happens. Two different blockchains form from the one blockchain. This happens from time to time on all the major cryptocurrencies. The longer fork is usually considered the more important/original one.

    This is all just a starting point. If you(or anyone else) has any questions, I would be glad to answer them.
    the blockchain is effectively a lie accumulator.

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    Quote Originally Posted by Chinese Sleeper Cell View Post
    no. different implementations could have different backdoors.
    For it to make the longest branch, 50+% of the implementations would have to have the same backdoor. And remember, all the implementations will go with the longest branch as long as it makes sense. That means that if only a minority of the implementations have a backdoor that minority will self correct to not have the backdoor.

    Now if the majority, but not all have the backdoor, then the longest branch will not make sense to the minority. So even though the backdoor branch is the longest, the non-backdoor implementations will not add to it. That means there will be a very noticeable fork in the blockchain.

    A very noticeable backdoor is easily fixed.

    If there is a backdoor that the majority wants to keep, then the minority can simply fork the blockchain and continue on without the backdoor.

    Blockchains are a way of establishing consensus without any form of centralized control.
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."
    trump is a child rapist. We all know it.

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    Quote Originally Posted by Chinese Sleeper Cell View Post
    im talking about intentional backdoors.
    It really does not matter if the backdoor is intentional or not, the same facts apply.
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."
    trump is a child rapist. We all know it.

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    Quote Originally Posted by Walt View Post
    It really does not matter if the backdoor is intentional or not, the same facts apply.
    no they don't.

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