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Layer two solutions are hot garbage, and will never do anything useful. Lightning is impossible and will never scale. People have been trying and failing to imp

Layer two solutions are hot garbage, and will never do anything useful. Lightning is impossible and will never scale. People have been trying and failing to implement proof of stake for years and years.

rglullis 6y ago
Can we agree to not take things related to Bitcoin and generalize it as the whole space for crypto? Lightning is not the only layer-2 solution there is (just as an example: Ethereum already has zk rollup-based solutions) and even if it were there is a growing number of people that are using it successfully. > People have been trying and failing to implement proof of stake for years and years. People have been trying and failing to implement heavier-than-air flight machines for years and years. So?
- user-the-name 6y ago
  People have been trying and failing to transmute lead into gold for centuries. Some things just don't work. And proof of stake is not exactly technologically difficult. Yet it's still not here.
  - rglullis 6y ago
    There is now 2 million ether (~3 billion USD) staked for ETH2. If are so certain of it not being viable, what's stopping you from shorting it? You and every Negative Nancy out there could pool together to bet against it, no? Even if you are not interested in the money, you can donate to environmentally-friendly causes - what do you think?
    - user-the-name 6y ago
      > If are so certain of it not being viable, what's stopping you from shorting it? The fact that the markets are massively manipulated, irrational and untrustworthy. The entirety of the cryptocurrency markets is basically rigged gambling. I am not an idiot.
      - rglullis 6y ago
        Let me know if I am misrepresenting you: - You want everyone else to stop working towards something they believe is achievable but you are not willing/unable to show any concrete evidence of its un-feasibility. - You are also not willing to put any skin in the game for what you believe. With that in mind, please tell why anyone should take you seriously?
        user-the-name 6y ago
        What kind of idiot would put "skin in the game" in a rigged game?
        rglullis 6y ago
        What kind of idiot goes around screaming on the town square that everyone needs to repent for their sins because the apocalypse is coming, never gets to bring any credible evidence and still think is going to convince anyone? If the game is rigged and you truly believe so, yes, it's one more reason for you to put skin in the game.
        user-the-name 6y ago
        > If the game is rigged and you truly believe so, yes, it's one more reason for you to put skin in the game. Uh, no? If you think a casino is rigged, that is a reason NOT to play, no?
        rglullis 6y ago
        What I am saying is that there plenty of gamblers that lost their money and went to complain about being cheated. "Thinking" the game is rigged is not enough. If you want to be taken seriously, either you manage to uncover the con or you use the con against themselves. Otherwise you are just a lame sad loser. Anyway, I am sure you won't do any of that. It's much easier to just sit on your chair and fool yourself into thinking that you are the only one that knows all the answers and everyone that is trying to work on improving the state of crypto is a fool. What is off-putting about all of your comments is that you dismiss the work or research of anyone as a waste of time (and energy and natural resources) but you fail to provide any kind of compelling evidence that can reject whatever hypothesis people are trying to validate.

rglullis 6y ago

Can we agree to not take things related to Bitcoin and generalize it as the whole space for crypto? Lightning is not the only layer-2 solution there is (just as an example: Ethereum already has zk rollup-based solutions) and even if it were there is a growing number of people that are using it successfully. > People have been trying and failing to implement proof of stake for years and years. People have been trying and failing to implement heavier-than-air flight machines for years and years. So?

user-the-name 6y ago
People have been trying and failing to transmute lead into gold for centuries. Some things just don't work. And proof of stake is not exactly technologically difficult. Yet it's still not here.
- rglullis 6y ago
  There is now 2 million ether (~3 billion USD) staked for ETH2. If are so certain of it not being viable, what's stopping you from shorting it? You and every Negative Nancy out there could pool together to bet against it, no? Even if you are not interested in the money, you can donate to environmentally-friendly causes - what do you think?
  - user-the-name 6y ago
    > If are so certain of it not being viable, what's stopping you from shorting it? The fact that the markets are massively manipulated, irrational and untrustworthy. The entirety of the cryptocurrency markets is basically rigged gambling. I am not an idiot.
    - rglullis 6y ago
      Let me know if I am misrepresenting you: - You want everyone else to stop working towards something they believe is achievable but you are not willing/unable to show any concrete evidence of its un-feasibility. - You are also not willing to put any skin in the game for what you believe. With that in mind, please tell why anyone should take you seriously?
      - user-the-name 6y ago
        What kind of idiot would put "skin in the game" in a rigged game?
        rglullis 6y ago
        What kind of idiot goes around screaming on the town square that everyone needs to repent for their sins because the apocalypse is coming, never gets to bring any credible evidence and still think is going to convince anyone? If the game is rigged and you truly believe so, yes, it's one more reason for you to put skin in the game.
        user-the-name 6y ago
        > If the game is rigged and you truly believe so, yes, it's one more reason for you to put skin in the game. Uh, no? If you think a casino is rigged, that is a reason NOT to play, no?
        rglullis 6y ago
        What I am saying is that there plenty of gamblers that lost their money and went to complain about being cheated. "Thinking" the game is rigged is not enough. If you want to be taken seriously, either you manage to uncover the con or you use the con against themselves. Otherwise you are just a lame sad loser. Anyway, I am sure you won't do any of that. It's much easier to just sit on your chair and fool yourself into thinking that you are the only one that knows all the answers and everyone that is trying to work on improving the state of crypto is a fool. What is off-putting about all of your comments is that you dismiss the work or research of anyone as a waste of time (and energy and natural resources) but you fail to provide any kind of compelling evidence that can reject whatever hypothesis people are trying to validate.