bitcoinrealist
2 hours ago
Microsoft and Apple. Especially Microsoft. Both could add a lot of security to their products by leveraging Bitcoin's immutable ledger.
bitcoinrealist
1 day ago
Not to mention that paying to burn energy reaches its point of diminishing returns quickly. Spend too much and people start thinking it's a scam. Spend too little and it's not a costly signal by definition. In addition, most normies are insensitive to spending money to burn energy as a signal. It's a common signal where false positives are common as well.
bitcoinrealist
2 days ago
I look for the simplest way to explain my disdain for BoostPOW, and here it is: You are not growing antlers, you are buying them. Handicap Principle does not apply here.
bitcoinrealist
2 days ago
Actually, I'm going to have to take it back. I don't think BoostPoW uses the Handicap principle whatsoever. If any old person can just spend a lot of money to pay someone else to grow antlers, that's not Handicap principle. Spending a lot of money is not inherently a valid costly signal.
bitcoinrealist
3 days ago
This is why I'm suggesting BoostPOW go bark up another tree and get into data crunching that businesses, individuals, and organizations really want to pay for.
bitcoinrealist
3 days ago
App developers can conspire to use BoostPOW. But that doesn't mean it's in their best interests. Competitors will buck the trend and have an economic advantage as boost loot can be spent for development, paying content creators or professional curators. Funding business components is a zero sum game.
bitcoinrealist
3 days ago
BoostPOW just needs to figure out how to generalize their mining model to handle different, valuable puzzles, that organizations want solved or data crunched so much they'll pay for it. I can easily imagine people or organizations putting up bounties for their army of Puzzle solving "miners".
bitcoinrealist
3 days ago
I think BoostPOW business model is intriguing and good. I wonder if it could be redesigned to solve things like prime numbers or process other important data. The system abstracts to money in, solution out. Essentially a person or organization pays to get results for successful data crunching. Might need smart contracts since a solution is not inevitable.
bitcoinrealist
3 days ago
Are BoostPOW "miners" really miners or simply puzzle solvers? Last time I checked real miners create blocks that end up as part of the Bitcoin ledger. We can't call this a "not a real scotsman" argument readily when clearly strong definitions are valuable.
bitcoinrealist
3 days ago
BoostPOW arguments of sybil resistance are misdirection. BoostPOW is essentially just like any application on Bitcoin. BoostPOW doesn't provide the sybil resistance, Bitcoin does.
bitcoinrealist
3 days ago
And it's completely valid for end users to abstract away BoostPoW. Because any upvote system that Metanet uses will write to the block chain. As such, the immutable ledger provides any benefit that either BoostPOW or any as-yet-undefined upvote system will enjoy.
bitcoinrealist
3 days ago
The arguments for BoostPOW are all straw man arguments. No one debates that the handicap principle is involved in the BoostPOW mechanism. The arguments against BoostPOW are higher level than that. Successful Boosts are a lot of hard work that the end user can easily abstract away and not care about. All they see is money in, upvote out. Who cares if miners engage in mutual genital stimulation while arranged in a virtual circle?
bitcoinrealist
3 days ago
Yes I went there. BoostPOW is a Rube Goldberg solution to costly signaling, upvote systems, or anything else. You can do the same things by creating data structures, writing them to Bitcoin, and utilizing them. Any benefit of BoostPOW is not derived from a new way of doing things. It is derived from simply using Bitcoin public ledger and getting all the benefits that provides.
bitcoinrealist
3 days ago
With BoostPOW, if you want to go with the argument that it works with a lot of little boosts. So does simply counting upvote records stored on the block chain. My fundamental thesis is that anything you do with BoostPOW can be done with just regular records written to the block chain. Generalized, all those potential boost systems are essentially tokenizing upvotes on the block chain (including BoostPOW). The upvotes are the output to those systems, not BoostPOW. The future of good upvote systems is not counting upvotes..it is weighted counting of those upvotes based on the individuals' interests and the interests of their network of friends.
bitcoinrealist
3 days ago
I'm just not sure why people are so taken with BoostPoW. You're more likely to signal successfully to your audience if your version of boost pays a large amount to the recipient's favorite charity.
bitcoinrealist
3 days ago
If you look at a Boost on Baemail, why not simply attach a huge fee to transaction associated with the email, then it's boosted!? You might protest that BoostPOW has a magnitude of PoW proportional to the Boost. But who cares? The end user can't tell. Why? Because BoostPOW is not an actual output to the system. That's the lie. And that's why I say BoostPoW proponents are either scammers or bad at information system analysis.
bitcoinrealist
5 days ago
People who live in fear cannot be free.
bitcoinrealist
6 days ago
It's nice they're prototyping everything on ETH for us. At the end of the day ETH doesn't scale, so nothing on ETH wins.
bitcoinrealist
1 week ago
Uses P2SH supposedly. Before we get our hopes up we're going to need an answer to this problem. P2SH is sunset.
bitcoinrealist
1 week ago
More like mutant offspring.
bitcoinrealist
1 week ago
Tokenization Goodness Coming to BSV: https://medium.com/bayesian-labs/we-believe-in-open-finance-da34a782fcd3
bitcoinrealist
1 week ago
Is there anything the non-Bitcoin blockchain businesses have done that is innovative that would take off if not for the fact that they built it on a foundation of non-scalable crap?
bitcoinrealist
1 week ago
I think USDC is the most innovative thing that has come from the non-Bitcoin community. At least that provides a legitimate onramp/offramp from fiat. But I really do want an honest answer to your question as well because all I see so far is scams.
bitcoinrealist
1 week ago
The real question should be whether or not they have actually done anything innovative that will be valuable to society? Or are they simply creating hype to separate fools from their money as I suspect.
bitcoinrealist
1 week ago
Not a lot. How clever could they be when they build on foundations that do not fundamentally scale?
bitcoinrealist
1 week ago
First BTC would probably drop 90%, then Bitcoin would follow suit.
bitcoinrealist
1 week ago
Scary fact. But if exchanges stopped wash trading the price of Bitcoin would probably drop 80%.
bitcoinrealist
1 week ago
I hate to be cynical. But it has never been clearer that the world has never seen pure socialism or genuinely free market capitalism. It has always been an oligarchy of parasitic pirates controlling the narrative for the sleepy masses that can't be bothered to think critically.
bitcoinrealist
1 week ago
I would be happy with advisor to president Schwarzenegger. One thing is evident.. ruling from a state of lethal parasitic ignorance is not sustainable.
bitcoinrealist
1 week ago
If you want to know the #1 thing, the government could do to heal the United States economy, it would be to end taxation of all businesses. Watch the world's businesses flock to the US and employment opportunities exceed labor supply.
bitcoinrealist
1 week ago
Terrorists are obsolete. Governments are doing a fine job of destroying themselves.
bitcoinrealist
1 week ago
down
bitcoinrealist
1 week ago
Scale or die. The fiat currencies are being debased and destroyed right now before our very eyes. BSV has to be ready for that to happen soon. All that capital will be looking for a new home so as not to ride the fleet of Titanics dow.
bitcoinrealist
1 week ago
For the record, I don't celebrate the lunacy of those who are catalyzing the destruction of the United States economy. I wish it were otherwise. But when insanity prevails, what can you do besides wait it out?
bitcoinrealist
1 week ago
Sorry, but you can't just gratuitously print money and expect it not become worthless. When you do that, the reasonable expectation is for the economy to go bankrupt and the government to collapse from having no valuable money to pay itself.
bitcoinrealist
1 week ago
As of right now, I think the US federal government is within five years of collapsing the entire economy and bankrupting itself. So I can wait to run for president then.
bitcoinrealist
1 week ago
The United States has been gutted by shortsighted bureaucrats that have taxed businesses to death. They have essentially forced industries to either shut down or shift externally. If I was president, I would end all taxation of businesses. But I would also work towards removing the concept of "artificial person" status of corporations. That way sociopaths will be forced to emulate morality or be held responsible for damages.
bitcoinrealist
1 week ago
I've considered running for president. But I'm concerned that I would have to spend most of the time explaining to ignorant politicians why they shouldn't murder me.
bitcoinrealist
1 week ago
Get in the habit of thinking in terms of systems. Consider their inputs and outputs. Abstract the internals. Compare and contrast systems. And most importantly, humans must be considered in any system. The world becomes much more understandable if you do.
bitcoinrealist
1 week ago
Mutually Assured Destruction scenarios aside, the second best military in the world can always successfully defend itself against the best. Governments should be striving to have the second best military. But that's paranoia. Vietnam and Afghanistan should have proved conclusively that any armed populace can defeat any invading military given enough time.
bitcoinrealist
1 week ago
All spin aside, if Covid-19 was really a pandemic..every damn one of you would know someone who died from it.
bitcoinrealist
1 week ago
"There's no way a country can have big government and be competitive in the world. This is because systems permeate our world. The family is a system. Businesses are a system. And big government is a parasite that makes all systems less efficient."
bitcoinrealist
2 weeks ago
Am I right?
bitcoinrealist
2 weeks ago
I would appreciate if all spammers would just go ahead and use BoostPoW. Can we get all the spammers to do that? That would be lovely.
bitcoinrealist
2 weeks ago
The only people who should have to swipe are those who do not have a balance in their attached money button account. This is especially true now that the block feature has been implemented.
bitcoinrealist
2 weeks ago
I see where Unwriter is going with powping. It will be the comments section of every bit of content on the Metanet or internet at some point.
bitcoinrealist
2 weeks ago
What people fail to understand is that businesses are the foundation of an economy. It sounds like good sense to tax them, but the reality is they leave even if that means closing up shop and starting over somewhere else. Then both government and citizens are screwed because they're too broke to pay for anything. And printing money on demand is simply a catalyst to completely destroying the value of the remaining money.
bitcoinrealist
2 weeks ago
It seems that socialism arises when government gets so big that it taxes businesses so much they leave. And then whiny little socialists think they can force businesses to pay them more when the reality is the businesses will just leave. And the whiny little socialist bitches will starve instead of enforcing the constitution..the part where govt is supposed to be very limited.
bitcoinrealist
2 weeks ago
An irony that by trying to implement socialism, you destroy the sources of capital that could possibly make it work.
bitcoinrealist
2 weeks ago
Unionize all you want. That won't stop you from losing your job when the company leaves to go where they can actually compete.
bitcoinrealist
2 weeks ago
Socialism doesn't work because it handicaps the productive people such that they produce less, and therefore have less to give the herd. This is a spiraling process of failure until everyone is starving.
bitcoinrealist
2 weeks ago
It didn't occur to me..but lacking a Federal government, which is the most likely outcome since it is a Gross Parasitic Entity and destined to collapse, some states may consolidate.
bitcoinrealist
2 weeks ago
The US constitution was a great idea. It tried to limit government powers so that it wouldn't grow so large and parasitic that it collapsed under its own weight. Turns out that it wasn't an imperative but rather a guide that governments should follow so as not to fail.
bitcoinrealist
2 weeks ago
I think big government monitors its own people because it feels an existential threat from those who call out its bullshit. But what it really should be doing is going on a diet before it dies of obesity.
bitcoinrealist
2 weeks ago
It seems like liberals are happy to spend other peoples' money.
bitcoinrealist
2 weeks ago
I can see already that powping is going to be great for me to vent and rant. I'll try to do it in the comment section of my thesis comment so I don't drive people insane.
bitcoinrealist
2 weeks ago
Instead of printing money on demand, government should be restructuring to require less taxation so that individuals and businesses can prosper. If not, they will non-voluntarily restructure after the fleeced can no longer pay taxes or worse..the money is worthless.
bitcoinrealist
2 weeks ago
Liberals are so dumb they use government to destroy their own jobs. Because all big government really does well is handicap business and individuals so they can't compete globally or prosper.
bitcoinrealist
2 weeks ago
If government has no mechanism to shrink functionally, then it will grow uncontrollably and inevitably collapse under its own weight as a grotesque parasitic entity.
bitcoinrealist
2 weeks ago
I've been wondering how the federal government expects to continue to survive since it's literally destroying the USD by printing it on demand. They cannot fleece the masses because they are broke, angry, and well armed. They cannot fleece the rich or they face revolution. And they aren't going to be able to reset the currency because that takes credibility. Modern monetary theory is insane. They will likely be forced to cede power back to the states. Of course that's the right thing to do. The US federal government have been wiping their asses with the constitution for far too long. Failure being the strongest evidence that they have wrongfully seized powers that were not explicitly granted by the constitution of the United States. There was never supposed to be a powerful federal government.
bitcoinrealist
2 weeks ago
Elite Dangerous is a great game! I thought being a gamer was a thing of the distant past for me.
bitcoinrealist
2 weeks ago
Let's say I like Satan's posts regarding Bitcoin, but I hate his crappy thoughts on religion. User Joe reads all Satan's posts and likes/upvotes his Bitcoin posts. I follow Joe. I want to see the posts that Joe likes/upvotes, That way I can partially follow Satan. *evil laugh*
bitcoinrealist
2 weeks ago
I like good curators because they save me time. I'm going on the record to say that it's probably a bad idea not to have some sort of curation system. (Notice what I did there?)
bitcoinrealist
2 weeks ago
Reddit is terrible. So many have God complexes on there. It is incentivized to create worthless echo chambers.
bitcoinrealist
2 weeks ago
I'm old enough to know TANSTAAFL. So @unwriter you can put options in the profile that allows people to pay for some things.
bitcoinrealist
2 weeks ago
I'm supposing every step from there has to be more towards normie.
bitcoinrealist
2 weeks ago
When I was a kid my best friend was a 6809e microprocessor.
bitcoinrealist
2 weeks ago
I don't know how it happened, but I think I have become much more of a normie than I used to be.
bitcoinrealist
2 weeks ago
I don't want to think about BSV or think about how much of tip I should send. So I'm just tipping a small amount to tell you that I like and appreciate your content.
bitcoinrealist
2 weeks ago
If you get a penny from me, you know I had to swipe for it, so you should I know I really like your content if I do that. Making people swipe is actually a way that people can make a costlier signal than just spending the cash. That Unwriter fellow is clever. I have found many devs don't understand social signaling at all. *cough* you know who I'm talking about.
bitcoinrealist
2 weeks ago
This could be an attractive platform to normies if they could make social islands like they do on Twitter. For some reason a lot of them don't want to talk about Bitcoin. It's weird.
bitcoinrealist
2 weeks ago
Block feature so soon? I'm in love.
bitcoinrealist
2 weeks ago
If someone spends a lot to send you spam, you're an asshole if you don't read it.;)
bitcoinrealist
2 weeks ago
I believe Bitcoin is categorically token money, not commodity money. Commodity money only comes after the ledger develops significant value after it is adopted for real world applications. But It is definitely better token money than fiat because of its tamper resistance, finite supply, and friction-less international exchange.
bitcoinrealist
2 weeks ago
without expecting a return on their investment.
bitcoinrealist
2 weeks ago
In general, people don't spend money without getting a return on their investment. When strangers spend money to put something in front of you, it's a rational inference that they're trying to sell something. Even if it's high quality spam, it's still spam.
bitcoinrealist
2 weeks ago
Honestly I don't really believe in altruism. Altruists are really getting paid in social currency. Most people don't value social currency much unless they already have a lot of it or see an opportunity to earn a lot of it fast.
bitcoinrealist
2 weeks ago
I'm not going to use BoostPoW because I don't really care for content that is pretty much exclusively upvoted by advertisers. There's no incentive whatsoever for altruistic upvoting so clearly that won't happen on a large scale.
bitcoinrealist
2 weeks ago
BoostPoW has the same economics as spam. Prove me wrong.
bitcoinrealist
2 weeks ago
Tokenizing real world assetts and services will be number one. This is because there are just too many benefits to tokenizing. If you allow trading, it results in very useful price discovery. If the tokens are non-fungible, the chain of custody/custody records are invaluable. What people don't realize is that only a scaled Bitcoin is useful towards this end.
bitcoinrealist
2 weeks ago
He's not here yet. Wait for the relentless attacks on Craig.
bitcoinrealist
2 weeks ago
Stay hydrated. Stay calm. If you have to cheat, do it with something that doesn't break ketosis like boiled eggs. It's hard to do, so don't be discouraged if it takes time to build up to longer fasting periods.
bitcoinrealist
2 weeks ago
I'm very disappointed with the BoostPoW theory that user initiated miner PoW as a costly signal somehow demonstrates an increased quality of unrelated humanPoW. I consider it a Gross Conceptual Error.
bitcoinrealist
2 weeks ago
I would rather BSV eat ETH's lunch sooner rather than later.
bitcoinrealist
2 weeks ago
Someone working on a variation of ERC-20 for BSV? If so, do they have an ETA for completion?
bitcoinrealist
2 weeks ago
I cannot do that sir. It would drive me insane.
bitcoinrealist
2 weeks ago
So what's so important about stable coins? 1. Users can use your apps without thinking of BSV 2. Tips and payments don't change due to volatility 3. Provide an easy onramp and offramp to fiat.
bitcoinrealist
2 weeks ago
Naive tokenization is better than no tokenization, especially when BSV has no stable coin bound to it.
bitcoinrealist
2 weeks ago
I think the theoretical part of Tokenization on BSV is very easy. A specific set of BSV can be moved to specific addresses to represent tokens. The hard part is putting in place the infrastructure for asset custody, token issuance, and redemption.
bitcoinrealist
2 weeks ago
So say I want to tokenize Playstation 5's, and i want to sell 5000 at the best price I can get. I could buy 50 BSV, for use as tokens. Send those to 5000 addresses. When transferring tokens, the entire amount in those addresses would be moved. Fees would siphen from that amount, but you still have traceable tokens redeemable for consoles.
bitcoinrealist
2 weeks ago
We think of Bitcoin as "fungible" but you could theoretically develop a history on transactions and trace things back to the miner. It would be possible to blacklist certain Bitcoin for future transactions, but hopefully always difficult.
bitcoinrealist
2 weeks ago
I'm such a dummy. It occurs to me that tokenizing on BSV is as easy as allocating specific BSV to serve as tokens that are redeemable. We just need to register that specific BSV and teach BSV wallets to respect the allocation.
bitcoinrealist
2 weeks ago
I'm pushing for a more classic definition for tokens. Like Chuck E. Cheese tokens but digital. And trade-able on exchanges, storable in a wallet like Coinomi.
bitcoinrealist
2 weeks ago
In addition, by teaching speculators that tokens are meant to be redeemed, we kill the junk token market over night.
bitcoinrealist
2 weeks ago
If we create tokens that people can trade on exchanges and ultimately redeem for physical products and services, companies will be able to achieve price discovery much more efficiently. This is a killer app for BSV having something that Enterprise can use TODAY! Global adoption will happen over night.
bitcoinrealist
2 weeks ago
Bitcoin is a token for its ledger.
bitcoinrealist
2 weeks ago
When you trade real tokens, not scam coins pretending to be valuable, it is literally price discovery for the the item or service that the token can be redeemed for.
bitcoinrealist
2 weeks ago
What wallet will allow you to trade those new tokens?
bitcoinrealist
2 weeks ago
Now that I know how things on powping work better, I'm going to have to backtrack and say that I will be tipping now..but I will still be focusing on tipping non-BSVers for now..or those who tip non-BSVers.
bitcoinrealist
2 weeks ago
I want a way to know if a person is new and doesn't have any BSV so that I can help onboard them, if and only if, they create some good content: Human PoW.