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This is an exceptionally terrible 'presentation'. He says something about distributed trust and then puts 'THIS IS A LIE'. That's not evidence and it isn't an
by CyberDildonics 9y ago
This is an exceptionally terrible 'presentation'.
He says something about distributed trust and then puts 'THIS IS A LIE'. That's not evidence and it isn't an argument.
He states that developers act as a central authority, which as it relates to the rules of creating new units and where they go to, is not true, since those rules are already established for the given chain.
He says there is a fee auction death spiral, which also is demonstrably false. Even bitcoin, with it's ludicrous restriction of throughput by political means, hasn't actually gone through a death spiral from fees which rationally should have made anyone think very hard about its future.
He says almost every exchange is full of fraud. This is debatable, but does not actually have anything to do with crypto-currencies (which is what he is actually talking about instead of "blockchain").
The last slide is basically just venting about stupid things people have done and bought in to, but also has nothing to do with crypto-currencies not working.
It's amazing to me that people seem so certain of themselves while having such hollow arguments.
- InclinedPlane 9y agoIt's a presentation deck not a paper.
- CyberDildonics 9y agoI'm not sure how that changes the fact that everything he says is either completely untrue or irrelevant. If you want to point out an inaccuracy in what I've said, feel free.
- ropeadopepope 9y ago> I'm not sure how that changes the fact that everything he says is either completely untrue or irrelevant. I don't see how you have enough information to make that determination. It's a presentation deck. Those are just bullet points, not the arguments you would (presumably) hear in the full presentation.
- CyberDildonics 9y agoDid you read through it? I don't think any amount of explanation is going to take arguments that have been thoroughly debunked for year and suddenly make them a reality. If you want to be specific about anything he or I said, feel free.
- JumpCrisscross 9y ago> arguments that have been thoroughly debunked Could you give one example of an argument made in the deck which has been "thoroughly debunked"?
- wellboy 9y agoHigh fees are only a problem of PoW blockchains, not of PoS blockchains which are becoming the majority right now.
- CyberDildonics 9y agoThe fee death spiral is a wild prediction seeing that throughput can easily be expanded when not blocked politically since there aren't any technical limitations (bitcoin cash) AND that even when throughput is constrained to a suffocating degree (btc), the chain still worked and never broke down or went through a 'death spiral' it just had outrageous fees. Most of the things he says are actually false arguments that no one is trying to make or just completely irrelevant.
- InclinedPlane 9y agoExcuse me, this is just an assertion. By your own standards you should really back up all of these claims with extensive evidence.
- CyberDildonics 9y agoWhat do you want explained more thoroughly than I did in my parent comment?
- jayd16 9y ago>He says there is a fee auction death spiral, which also is demonstrably false. Pretty sure its demonstrably true seeing as BT has gotten so bad the marketing changed from currency to store of value.
- CyberDildonics 9y agoI'm not sure how bitcoin's artificial restriction of throughput (which still didn't kill it in any sense) means that all cryptocurrencies either suffer from a fee death spiral or spam. Neither has seemed to happen even in extreme circumstances. Bitcoin's nonsense propaganda has nothing to do these assertions of inherent flaws with crypto-currencies.