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Bitcoin -- the Emperor's new clothes 
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Post Re: Bitcoin -- the Emperor's new clothes
Good to see you back Mr. U-L-Y, your wisdom was sorely missed!

Yes, this "Block chain" is an issue, it took me several hours to download it to my Bitcoin client.


By DamnStupidElf

Quote:
Never mind that Bitcoin is inherently an unscalable O(n^2) network - every transaction has to be broadcast to every node

It may be possible to store the block chain as a distributed hash tree such that each node is responsible for maintaining its own transactions and a portion of the block chain. This would reduce the storage requirement to O(n*m) where n is the total number of transactions and m is the average number of addresses that appear in a transaction. Communication would also be reduced to O(n*m) because only nodes responsible for the addresses in a transaction would be responsible for checking and approving the transaction. The block chain itself would just be a merkle-tree of hashes of nodes' own block chains. Double-spending would be prevented by transactions incorporating the last hash of each responsible node's block chain so that an individual block chain exhibiting double spending would not be signed into the merkle tree. It would be possible for the history of particular coins to be lost but the overall hash tree would guarantee that at the time of a transaction all balances (including historically lost ones) were valid. Still, not being able to validate the entire economy could be a fairly large weakness. There wouldn't be a hard requirement that nodes could only store certain addresses, so it's entirely possible that some nodes would still try to collect and maintain the entire history. That would only add O(n*p) communication and storage where p is the number of full "archive" nodes. Of course then it wouldn't really be bitcoin anymore, but it might be possible to rebuild the existing block chain into such a structure while retaining the current mining payouts and total number of coins.

I really wonder if my Bitcoins will be worth anything in a few years.

Something, because there will always be some core of crazy people running miners and keeping the difficulty just high enough that it's not worth it to mine as many bitcoins as you want in the original chain. That value will probably be the cost of the electricity to run whatever the last ASIC miner produced is, at least before general purpose GPUs become more powerful than ASICs.


The response by Mike Hearn, Bitcoin developer.

Quote:
Is that you Peter? :) I don't know anyone else who would describe the system like that.

Bitcoin is not an O(n^2) network. The total work done by the core nodes is "number of nodes multipled by number of transactions" - that is two very different quantities. It doesn't help the argument to abuse formal notation like that.

Pieter reported today that his optimized secp256k1 implementation can reach 20,000 signature checks per second on a single core. That is a lot better than the generic OpenSSL code was able to manage. Bear in mind that although it sounds scary, all of VISA is only about 10,000 transactions per second. So even if we're generous about our assumptions on number of inputs, CPU load would barely stress a single core. Today. With existing hardware. Disk IO will be the bottleneck for the forseeable future, but we're talking about a working set of a few hundred megabytes today. Even with an order of magnitude growth the entire thing fits in RAM on my puny laptop. And with two orders of magnitude growth it still fits on a pretty average dedicated server.

But Bitcoin will not reach VISA traffic loads today, or this year, or even this decade. By the time it does, dedicating one single computer to being a node will seem a completely trivial investment in order to have full security on the worlds financial system, because let's face it, if Bitcoin is processing tens of thousands of transactions per second then it's well on its way to being exactly that.

Ultimately, Bitcoin is growing fast and will scale up. That is what Satoshi wanted it to be, that is what most of the people actually creating businesses and writing lots of code also want - so if you think that'll make your coins worthless in a few years, I will happily buy them off you.

Source...

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Mon Dec 09, 2013 2:47 am
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Post Re: Bitcoin -- the Emperor's new clothes
andywight wrote:
In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee.

They don't need to make a guarantee, or even make a comment. The unspoken allure of gambling is to get rich quick. Bitcoin, and all other current crypto-currencies, are no different.

andywight wrote:
There is no central entity, just individuals building an economy.

The central entity is whoever controls the computer code underlying Bitcoin. Someone, or some group, has control over that. They likely also have the bulk of the Bitcoins.

andywight wrote:
A ponzi scheme is a zero sum game.

No, it's not, that's an oversimplification. When a Ponzi scheme collapses, everyone in the game loses. Only those that have left the game with their winnings before the scheme collapses will come out winners, and they must exchange their winnings for other things of value before their winnings lose their value due to the collapse.

For reference, here is the definition of a zero-sum game:

Quote:
A zero-sum game is any set of operations with two or more players, which when it is over, there are winners and losers, and the total points awarded to the winners exactly matches the total points the losers lost by. -- source


andywight wrote:
Bitcoin has an expected win-win outcome.

So does a Ponzi scheme. That's why it grows from a tiny seed into a giant multi-branched tree. Everyone expects to win.

andywight wrote:
All adopters benefit from the usefulness of a reliable and widely-accepted decentralized peer-to-peer currency.

But they don't benefit equally. The bulk of the Bitcoins are in the hands of a very few. The Bitcoin con-game already has the structure of the corrupt world we hate so much -- the 1% versus the 99%. Doesn't that tell you something? Why not start Bitcoin off by distributing the 21 million Bitcoins equally among the 7 billion humans on the planet? Each person gets 0.003 Bitcoins, and a true free market of Bitcoin use can begin, since no one has any advantage over anyone else.

Bill Still, the renowned Federal Reserve critic calling for monetary reform, recently came out as a cheerleader for Quarks, another one of a dozen crypto-currencies competing with Bitcoin. He's hyping the Quark as a superior crypto-currency, while behind the scenes, millions of Quarks are mysteriously flowing into one of his digital wallets. So tell me again how everyone benefits, there is no central entity, it's reliable, it's just individuals building an economy, etc. -- because I'm seeing a con-game unfolding in real time. Remember, the scam occurs mostly at the end of the game, and things look quite rosy in the beginning.

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Mon Dec 09, 2013 5:34 am
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Post Re: Bitcoin -- the Emperor's new clothes
andywight wrote:
In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee.

They don't need to make a guarantee, or even make a comment. The unspoken allure of gambling is to get rich quick. Bitcoin, and all other current crypto-currencies, are no different.

So you agree with this point made by the Quark developers, great! But I'm confused why you followed it with such "hate", are you a criptocurrency hater Chico?

andywight wrote:
There is no central entity, just individuals building an economy.

The central entity is whoever controls the computer code underlying Bitcoin. Someone, or some group, has control over that. They likely also have the bulk of the Bitcoins.

Interesting accusation, can provide some links to evidence of this?

andywight wrote:
A ponzi scheme is a zero sum game.

No, it's not, that's an oversimplification. When a Ponzi scheme collapses, everyone in the game loses. Only those that have left the game with their winnings before the scheme collapses will come out winners, and they must exchange their winnings for other things of value before their winnings lose their value due to the collapse.

Can you give me an example of a criptocurrency that has collapsed?

andywight wrote:
Bitcoin has an expected win-win outcome.

So does a Ponzi scheme. That's why it grows from a tiny seed into a giant multi-branched tree. Everyone expects to win.

Taking my quotes out of context Chico is just making your arguments weaker, you're beginning to sound more and more like someone only invested in precious metals!

andywight wrote:
All adopters benefit from the usefulness of a reliable and widely-accepted decentralized peer-to-peer currency.

But they don't benefit equally. The bulk of the Bitcoins are in the hands of a very few. The Bitcoin con-game already has the structure of the corrupt world we hate so much -- the 1% versus the 99%. Doesn't that tell you something? Why not start Bitcoin off by distributing the 21 million Bitcoins equally among the 7 billion humans on the planet? Each person gets 0.003 Bitcoins, and a true free market of Bitcoin use can begin, since no one has any advantage over anyone else.

Why not lead by example here Chico, liquidate all your assets, convert it all into cash and distribute it equally among the 7 billion humans on this planet? :D

Bill Still, the renowned Federal Reserve critic calling for monetary reform, recently came out as a cheerleader for Quarks, another one of a dozen crypto-currencies competing with Bitcoin. He's hyping the Quark as a superior crypto-currency, while behind the scenes, millions of Quarks are mysteriously flowing into one of his digital wallets. So tell me again how everyone benefits, there is no central entity, it's reliable, it's just individuals building an economy, etc. -- because I'm seeing a con-game unfolding in real time. Remember, the scam occurs mostly at the end of the game, and things look quite rosy in the beginning.

Wow! WHO ARE YOU AND WHAT DID YOU DO WITH CHICO?

Has uncleshill somehow kidnapped Chico and taken control of his account here?

Millions! Really!! again for the sake of transparency can you please break down this alleged damming evidence against Bill Still in the forum post you linked to and present it in a form that we can all understand?

To speed things along I've quoted it here for you: :D

Quote:
Decided to do some digging around on the donations/recieves that were given to Bill Still.

This is Bill Still's wallet recieve address:
Qdp6DJtdGoVst5qsk6k2GoePqPcRuinZzd

block.lowend.fm/address/Qdp6DJtdGoVst5qsk6k2GoePqPcRuinZzd



First 50k recieved is from QhcUBnvBuWYkUU6G2djdHCCchdWACmsrhM

Transaction Block Approx. Time Amount Balance Currency
block.lowend.fm/tx/5f31ed41a0b9b834015df99695cdc4f9bc66aeeb08e2dfb43980accff5a6fbf7#o0 381812 2013-11-20 15:50:00 249999.9 249999.9 QRK
block.lowend.fm/tx/d66e99c71cbb234acd00c94b14570ea9ab6a3b167c96de2b7729fc609e28fcbd#o0 381828 2013-11-20 16:02:30 374999.9 624999.8 QRK
block.lowend.fm/tx/9579fbcee9d0179f1f09f37cfa33ea70f4941a00193a2afb8f7601a282733864#o0 382038 2013-11-20 17:27:22 1013739.12457 1638738.92457 QRK
block.lowend.fm/tx/f4e71b6e33ade2d55b222091dee6ed47fd25e1fe2a9796433bd916b0d4e9a121#i0 384736 2013-11-21 12:07:56 (1013739.12457) 624999.8 QRK
block.lowend.fm/tx/337fa3c75ee7de1c704177557622039c2a29d9165bf82efe198b101442f3add2#i0 385159 2013-11-21 15:04:39 (249999.9) 374999.9 QRK

Traced it to some bigger transactions:
block.lowend.fm/address/QYb3cQfVy9AZjKiST2KSq2UZqAdGLqAtEu

Transaction Block Approx. Time Amount Balance Currency
block.lowend.fm/tx/16d3520e62a47c32fdcd6f2819dde5a23cefc7ff8001fdae191a83e37ad0d6d5#o1 130884 2013-09-03 13:24:20 171405.4957 171405.4957 QRK
block.lowend.fm/tx/5d9edd3e7555c16372414659f84c1005410faa76163a4a686a410425653cf074#o0 130893 2013-09-03 13:31:19 533258.8626 704664.3583 QRK
block.lowend.fm/tx/d6766a062eb9e8e9daf28e737882213667213552623127df75bd8d601cddb8d6#o0 134061 2013-09-04 15:12:57 212.14877 704876.50707 QRK
block.lowend.fm/tx/ed082e06cb948bfd91f5173f89197575409945154bf000774cfe9559c7ff2993#o0 266307 2013-10-17 15:59:55 1200636.91623 1905513.4233 QRK
block.lowend.fm/tx/6e93728c16386600d11f5f54f8d323bb164dde7e812f47d48c55885dacedbae0#o0 293670 2013-10-26 06:32:13 1999999.9 3905513.3233 QRK
block.lowend.fm/tx/24034d2bcc34a94700593bf4477cf799d2936f701ee02fdff6deacc8e4052370#i0 362467 2013-11-15 10:22:54 (1999999.9) 1905513.4233 QRK
block.lowend.fm/tx/ac8d3c2f5af2aa3413d2f0061a157710838f8f0f645825f73b66804eb07e081e#i0 369258 2013-11-17 08:46:04 (1200636.91623) 704876.50707 QRK
block.lowend.fm/tx/ac8d3c2f5af2aa3413d2f0061a157710838f8f0f645825f73b66804eb07e081e#i0 397310 2013-11-25 05:49:25 (533258.8626) 171617.64447 QRK
block.lowend.fm/tx/18ea0a0494f61a7586e34c38e2da0b3da137bd2bc792ee31c0e1492b49614391#i28 397334 2013-11-25 05:57:19 (171405.4957) 212.14877 QRK
block.lowend.fm/tx/0177a13c872785000a3d425ca834a0291833655936ee9bc334bf46107cdfa9d4#i37 397361 2013-11-25 06:08:38 (212.14877) 0 QRK


Second 50k recieved is from QgiPvGduXG6HhEFhMiWxx9bWV6tYfG5UHS
Transaction Block Approx. Time Amount Balance Currency
block.lowend.fm/tx/5e36a046e23986fca2d55fe7f6c6ca2e0d426d9bc8ebbdd3d847319ccced395b#o1 385193 2013-11-21 15:08:43 174999.9 174999.9 QRK
block.lowend.fm/tx/2d0c71030a11cec958aaba5cc03411bf575c62c87eac1af9232274475e24b939#i0 385221 2013-11-21 15:18:31 (174999.9) 0 QRK

Traced it to some bigger transactions here:
block.lowend.fm/address/QNriSxsv4bbR5HXTbn4pQVLTmGABXfmB3T

And here:
block.lowend.fm/address/QYb3cQfVy9AZjKiST2KSq2UZqAdGLqAtEu


Third 50k Recieved
block.lowend.fm/tx/2d0c71030a11cec958aaba5cc03411bf575c62c87eac1af9232274475e24b939#o0 385221 2013-11-21 15:18:31 124999.9 124999.9 QRK
block.lowend.fm/tx/366c730e1a41d7677164e19f85a0a799753e9a6c56d41866f7e00f8cc82e562d#i0 385348 2013-11-21 16:08:20 (124999.9) 0 QRK


Traced it to some bigger transactions here:

block.lowend.fm/address/QhcUBnvBuWYkUU6G2djdHCCchdWACmsrhM

block.lowend.fm/address/QNriSxsv4bbR5HXTbn4pQVLTmGABXfmB3T

_________________
Think twice before you speak, especially if you intend to say what you think.

QRK: QifUSqn6ygXK61pEkm2g4iBY9ZcLw4g4su
FCK: FettxKyQVhsSURZt1XQxUTypwxEeBbTgUQ

Please visit http://forum.qrk.cc/ for all things Crypto!


Tue Dec 10, 2013 3:36 am
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Post Re: Bitcoin -- the Emperor's new clothes
andywight wrote:
So you agree with this point made by the Quark developers, great!

What point would that be? Are you putting words in my mouth? Great! :giggle:

andywight wrote:
But I'm confused why you followed it with such "hate", are you a criptocurrency hater Chico?

I'm not a fan of any currencies, or money in general. Money ruins everything.

andywight wrote:
Interesting accusation, can provide some links to evidence of this?

You know as well as I do that it's a secret. No one knows who or what Satoshi Nakamoto is, or how many Bitcoins he (or they) have.

andywight wrote:
Can you give me an example of a criptocurrency that has collapsed?

:lol: Another slippery sleight-of-hand. You know as well as I do that crypto-currencies have just been invented. They are a new variation of the currency con-game, and if they take off, they will eventually collapse like every other con-game. You can find plenty of links to con-games / pyramid schemes / Ponzi schemes that have collapsed by searching the Internet.

andywight wrote:
Taking my quotes out of context Chico is just making your arguments weaker, you're beginning to sound more and more like someone only invested in precious metals!

I try to include enough text in quoting you to contain the context, and yet still be brief. I can quote more of your posts, if you feel I am losing the context.

andywight wrote:
Why not lead by example here Chico, liquidate all your assets, convert it all into cash and distribute it equally among the 7 billion humans on this planet? :D

Hmmm... That's an idea, all right. I could create my own crypto-currency, called the Chico. No need to liquidate my assets, as none of the other crypto-currencies started that way, not even Bitcoin (what does that tell you -- they begin from nothing and their value is entirely faith-based). I could issue 28 billion Chicos to start with, reserving half for myself (I learned that trick from the other crypto-currencies) and distributing the other half to every person on the planet. Each person would have about 2 Chicos each, except me. I might give Bill Still a million Chicos in exchange for hyping my new currency. I might even give you a few thousand to be a cheerleader for Chicos (hey, that's fair, Bill Still has more "pull")!

andywight wrote:
Millions! Really!! again for the sake of transparency can you please break down this alleged damming evidence against Bill Still in the forum post you linked to and present it in a form that we can all understand?

Sure thing. Each transaction listed has a long Transaction number, a transaction Block number, a date / time stamp, a transaction Amount, a wallet Balance, and a Currency type (QRK for Quarks in this case). All of these transactions are for one of Bill Still's digital wallets that he lists publicly in his search for donations.

So the two numbers to the left of the "QRK" at the end of each line are the transaction amount and the account balance. The third transaction listed is a deposit for over a million Quarks, bringing Bill Still's wallet balance to 1.6 million. In the fourth transaction, he withdraws that million from his wallet.

Can you now find the transaction further down that brings his balance up to 3.9 million quarks?

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Tue Dec 10, 2013 6:23 am
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Post Re: Bitcoin -- the Emperor's new clothes
Bitcoin is a total pyramid, ponzie scheme.

When does the Chico go on the market? I want to get on the ground floor then watch my currency rise up.

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Tue Dec 10, 2013 8:08 am
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Post Re: Bitcoin -- the Emperor's new clothes
magamud wrote:
When does the Chico go on the market? I want to get on the ground floor then watch my currency rise up.

If only I were a sociopath, I could do such unethical things without a hint of guilt. But alas, I was born with empathy, so the Chico was just a useful illustration of the con-game that crypto-currencies are.

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Tue Dec 10, 2013 10:06 pm
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Post Re: Bitcoin -- the Emperor's new clothes
andywight wrote:
So you agree with this point made by the Quark developers, great!

What point would that be? Are you putting words in my mouth? Great! :giggle:

This topic has really taken an interesting direction, "what point would that be?", is this a serious question or are you just trying to direct attention away from your uninformed conclusions? :giggle:

andywight wrote:
Interesting accusation, can provide some links to evidence of this?

You know as well as I do that it's a secret. No one knows who or what Satoshi Nakamoto is, or how many Bitcoins he (or they) have.

A simple "no" would have been sufficient here, your Obama style closing comments really aren't necessary.

andywight wrote:
Can you give me an example of a criptocurrency that has collapsed?

:lol: Another slippery sleight-of-hand. You know as well as I do that crypto-currencies have just been invented. They are a new variation of the currency con-game, and if they take off, they will eventually collapse like every other con-game. You can find plenty of links to con-games / pyramid schemes / Ponzi schemes that have collapsed by searching the Internet.

Again, a simple "no" would have been sufficient.

"Another slippery sleight-of-hand", now I'm really starting to loose my sense of humor here!

So lets start by examining the post in question, in an attempt to avoid more of these unnecessary erroneous responses.

"No, it's not, that's an oversimplification. When a Ponzi scheme collapses, everyone in the game loses. Only those that have left the game with their winnings before the scheme collapses will come out winners, and they must exchange their winnings for other things of value before their winnings lose their value due to the collapse."


You made some very bold claims and in fact incorporated "collapse" no less the three times in this post, so what EXACTLY is so "slippery" or "sleight-of-hand" about simply asking you for an example of a criptocurrency that's collapsed?

andywight wrote:
Taking my quotes out of context Chico is just making your arguments weaker, you're beginning to sound more and more like someone only invested in precious metals!

I try to include enough text in quoting you to contain the context, and yet still be brief. I can quote more of your posts, if you feel I am losing the context.

No that's not necessary Chico, but I would appreciate you directly responding to the miss-quote in question!

andywight wrote:
Why not lead by example here Chico, liquidate all your assets, convert it all into cash and distribute it equally among the 7 billion humans on this planet? :D

Hmmm... That's an idea, all right. I could create my own crypto-currency, called the Chico. No need to liquidate my assets, as none of the other crypto-currencies started that way, not even Bitcoin (what does that tell you -- they begin from nothing and their value is entirely faith-based). I could issue 28 billion Chicos to start with, reserving half for myself (I learned that trick from the other crypto-currencies) and distributing the other half to every person on the planet. Each person would have about 2 Chicos each, except me. I might give Bill Still a million Chicos in exchange for hyping my new currency. I might even give you a few thousand to be a cheerleader for Chicos (hey, that's fair, Bill Still has more "pull")!

So your answer is no, but thank you for this amusing little distraction.

andywight wrote:
Millions! Really!! again for the sake of transparency can you please break down this alleged damming evidence against Bill Still in the forum post you linked to and present it in a form that we can all understand?

Sure thing. Each transaction listed has a long Transaction number, a transaction Block number, a date / time stamp, a transaction Amount, a wallet Balance, and a Currency type (QRK for Quarks in this case). All of these transactions are for one of Bill Still's digital wallets that he lists publicly in his search for donations.

So the two numbers to the left of the "QRK" at the end of each line are the transaction amount and the account balance. The third transaction listed is a deposit for over a million Quarks, bringing Bill Still's wallet balance to 1.6 million. In the fourth transaction, he withdraws that million from his wallet.

Can you now find the transaction further down that brings his balance up to 3.9 million quarks?

Sorry this is just not going to cut it, LINK, HIGHLIGHT and EXPLAIN, if you can that is.

magamud wrote:
Bitcoin is a total pyramid, ponzie scheme.

Explain!

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Think twice before you speak, especially if you intend to say what you think.

QRK: QifUSqn6ygXK61pEkm2g4iBY9ZcLw4g4su
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Please visit http://forum.qrk.cc/ for all things Crypto!


Last edited by andywight on Wed Dec 11, 2013 2:35 am, edited 1 time in total.



Tue Dec 10, 2013 11:51 pm
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Post Re: Bitcoin -- the Emperor's new clothes
andywight wrote:
"what point would that be?", is this a serious question or are you just trying to direct attention away from your uninformed conclusions? :giggle:

It's a serious question. I have no idea what point the Quark developers made that you think I'm agreeing with.

andywight wrote:
A simple "no" would have been sufficient here...

No, it wouldn't. You are asking obviously "stacked" questions designed to lead the observer towards a desired conclusion by bypassing the critical analysis centers of the brain. Have you been brushing up on NLP?

andywight wrote:
You made some very bold claims here and in fact incorporated "collapse" no less the three times in this post...

Bold claims? That Ponzi schemes, pyramid schemes, and con-games "collapse"? That seems like simply stating facts to me. Please correct me if my facts are wrong.

andywight wrote:
... so what EXACTLY is so "slippery" or "sleight-of-hand" about simply asking you for an example of a criptocurrency that's collapsed?

It's like Obama saying on his first day as President:

"Have I ever lied to you before, as President of the United States?"

"No," you reply, "but you just became President."

You can probably guess what Obama says next:

"A simple yes or no will suffice. No need for distractions."

andywight wrote:
Sorry this is just not going to cut it, LINK, HIGHLIGHT and EXPLAIN, if you can that is.

I did explain it in sufficient detail to allow almost anyone to see that millions of Quarks are passing through Bill Still's digital wallet. But, I will draw you a picture by highlighting a few of the account balances for you using the very data you posted here. Here are the first four transactions from the quote you provided, which I've formatted a bit for readability. I've also removed the long leading transaction number, as it clutters things up, and I've highlighted the numbers that are over one million.

Image

Just to be sure you understand the table, 1,013,739 Quarks (that's over one million) were deposited in Bill Still's wallet on November 20. The next day, that same amount was withdrawn.

There are larger transactions further on in the data you quoted, with Bill Still's balance having exceeded 3.9 million Quarks on October 26, when nearly 2 million Quarks were deposited in his account. The same amount was withdrawn on November 15. Would you now agree that millions of Quarks are passing through Bill Still's wallet, if the data you quoted is to be believed?

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Wed Dec 11, 2013 2:33 am
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Post Re: Bitcoin -- the Emperor's new clothes
It's a serious question. I have no idea what point the Quark developers made that you think I'm agreeing with.

You seem a tad confused here Chico, the quote was from a Bitcoin not Quarkcoin developer, there's more than just a spelling difference between these two, would you like me to slow down a bit so you can catch up?

No, it wouldn't. You are asking obviously "stacked" questions designed to lead the observer towards a desired conclusion by bypassing the critical analysis centers of the brain. Have you been brushing up on NLP?

Of course it does, it was very simple question... just because you feel uncomfortable being exposed for making accusations without a shred of evidence to back them up doesn't give you the right to slander my creditability with childish remarks like "Have you been brushing up on NLP?" now does it?

Bold claims? That Ponzi schemes, pyramid schemes, and con-games "collapse"? That seems like simply stating facts to me. Please correct me if my facts are wrong.

Yes, if you were only discussing Ponzi schemes, but you weren't you were comparing them to CC's who you for record couldn't give a single example of one that has collapsed! Nice attempt at spin by throwing in pyramid schemes and con-games into the mix! ;)

It's like Obama saying on his first day as President:

"Have I ever lied to you before, as President of the United States?"

"No," you reply, "but you just became President."

You can probably guess what Obama says next:

"A simple yes or no will suffice. No need for distractions."

A very weak response, but this certainly reveals some interesting undertones which might help explain why you find it so difficult thinking out of the box your presently occupying.

I did explain it in sufficient detail to allow almost anyone to see that millions of Quarks are passing through Bill Still's digital wallet. But, I will draw you a picture by highlighting a few of the account balances for you using the very data you posted here. Here are the first four transactions from the quote you provided, which I've formatted a bit for readability. I've also removed the long leading transaction number, as it clutters things up, and I've highlighted the numbers that are over one million.

Image

Just to be sure you understand the table, 1,013,739 Quarks (that's over one million) were deposited in Bill Still's wallet on November 20. The next day, that same amount was withdrawn.

There are larger transactions further on in the data you quoted, with Bill Still's balance having exceeded 3.9 million Quarks on October 26, when nearly 2 million Quarks were deposited in his account. The same amount was withdrawn on November 15. Would you now agree that millions of Quarks are passing through Bill Still's wallet, if the data you quoted is to be believed?

I'm sorry, but what part of "LINK, HIGHLIGHT and EXPLAIN" did you not understand?

All I see are some highlighted, unlinked numbers with no reference to anything or anybody!



Here's my Quarkcoin wallet address Chico QifUSqn6ygXK61pEkm2g4iBY9ZcLw4g4su, maybe you should try your cunning detective skills on my connection to the cryptocurrency scam! :lol:

and by the way, anyone wishing to donate to my cryptocurrency cause please send your Quark coins to the above address.

Image

_________________
Think twice before you speak, especially if you intend to say what you think.

QRK: QifUSqn6ygXK61pEkm2g4iBY9ZcLw4g4su
FCK: FettxKyQVhsSURZt1XQxUTypwxEeBbTgUQ

Please visit http://forum.qrk.cc/ for all things Crypto!


Last edited by andywight on Wed Dec 11, 2013 4:35 am, edited 4 times in total.



Wed Dec 11, 2013 3:05 am
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Post Re: Bitcoin -- the Emperor's new clothes
andywight wrote:
I'm sorry, but what part of "LINK, HIGHLIGHT and EXPLAIN" did you not understand?

:lol: :lol: :lol:

andywight wrote:
All I see are some highlighted, unlinked numbers with no reference to anything or anybody!


Something tells me you're just not going to get this.

Great video, by the way. About the same time Bill Still interviews a Quark "developer", which is also about when he begins hyping Quarks, millions of Quarks pass through his digital wallet.

Just a coincidence....

andywight wrote:
Here's my Quarkcoin wallet address Chico QifUSqn6ygXK61pEkm2g4iBY9ZcLw4g4su, maybe you should try your cunning detective skills on my connection to the cryptocurrency scam! :lol:

No need. Even if I could search the Quark block chain for your transactions (hey, someone supposedly did it for Bill Still), it appears I could never explain them to you in a manner that you would admit to understanding. :face:

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It's not that we can't handle the truth. It's that they can't handle us if we know the truth.


Wed Dec 11, 2013 3:58 am
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