When people say “blockchain technology” to you, you can often replace it with “mana”, or “chakras”, or “quantum” and it makes sense the same way. “Blockchain technology” has evolved into a sound Bitcoiners use to extract money from venture capitalists and one another, similar to the way that male birds use a song to attract females. It's a phrase for people who know there is a lot of money around, but don't exactly know where it's coming from.

I don’t see that there is a lot of use for some kind of general “blockchain technology” outside of its application in Bitcoin. In Bitcoin, the blockchain is a way of solving the double-spending problem without privileging any party as to the creation of new units or of establishing a consistent history. This is an extremely costly and complicated way of maintaining an accounting ledger. How often do I really need to do my accountancy in this way? I would say that it is only a good idea when the game being played is so important that no one can safely be put in the position of referee. There are not a lot of things that I would really need that for, but I think there is a good argument to be made that a blockchain is a reasonable alternative to the monetary system under which the rest of the world is currently oppressed. Otherwise I'd really rather be able to keep my accounting records to myself rather than leaving them out in public.

There are no applications of blockchains which do not involve a double-spending problem. A blockchain that was used for an application with no double-spending problem is nothing more than a database, so you could just replace it with a distributed hash table. People have also used the blockchain for timestamping. This only works because Bitcoin has become well-known as a point of reference. If you had a need for timestamps, you certainly wouldn’t invent a blockchain to do it.

Yet people are running around everywhere in the Bitcoin world screaming “blockchain blockchain blockchain” for all kinds of non-intuitive purposes until they're buried under piles of money. I can't believe how long it's taking for people to get wise to this ruse, but I hope it won't last too much longer. A blockchain does not have a wide range of applications. However, there is one application, namely that of being a currency, which is overwhelmingly important
...
Many people get fooled upon first entering Bitcoin because they think diversification is important. The problem with diversification is that it is possible to create an infinite amount of bullshit at no cost, and if you diversify into that you lose everything. Diversification only makes sense among investments which are not bullshit. If we were looking at a bunch of stocks that all already paid dividends, then diversification would make sense. On the other hand, there are potentially an infinite number of scamcoins. During late 2013 and early 2014, new ones were being produced and hawked every day. They can be produced at this rate until everyone who thinks diversification is a good idea goes broke. Now that all the dumbest people have gone broke, the focus has shifted to using “blockchain tech” to exploit ignorant venture capitalists.

Oudere Jongere schreef: ↑3 november 2016, 15:58 Je hebt in principe gelijk, sintorama. Ik stel me veel te gelaten op als ik iets lees over dit soort fraude.

Alleen is het afblokken van terugbetalingen één van de basistruuks van de pyramidejongens. Ook in dit geval: Volgens posts in de thread die ik hierboven al vermeldde zijn alle uitbetalingen "momenteel" gestopt. De trukendoos wordt volledig opengetrokken:

We have some really exciting news for you all! Make sure all your Energy shares are transferred back from Tradano and placed in your MBO before the 15th of November.
The Company will buy back your Energy Shares at a pre-fixed rate of €8,03 per share. That means almost 92% of our members will get a profit of at least 700%!
The Gas Company will go public on the LSE (London Stock Exchange) in the first Quarter of 2017.
The IPO-process is started and we have some obligations to fulfil. Therefore, all shares need to be back in the initial Company to be able to launch on the LSE with a free-float of minimum 25%. All shares that are not in your MBO by the 15th of November 2016 will be deleted.
Because the Company (Nano) needs to sit out the complete IPO Process, the Board has made a fantastic decision!
The Company will pre-finance the sell and pay you the 16th of November 2016. The money from the Shares will be added to a cash account. Withdrawal limitation will be held until the IPO process is done and the Company can sell the shares.
Shortly after, the Company (Nano) will pay you the difference straight away and the money will be available without limitation.

Ze gaan "uitbetalen" op 16 November. Maar niet echt, want dat geld zal je zien in je account maar je kan het iet afhalen. Dat is dan weer "omwille van de IPO/beursgang". Typisch.

Wel een interessante thread. Goede posts van die Retired EU fraud investigator.

reteiP schreef: ↑18 november 2017, 10:06 Volledig akkoord ldwjr.
BTC market cap dominantie is YTD gedaald van 87% naar 57%.
Alle core devs spraken vroeger van ideale blocksize ergens 2MB tot 8MB.

VincentGT schreef: ↑7 december 2017, 13:50

reteiP schreef: ↑18 november 2017, 10:06 Volledig akkoord ldwjr.
BTC market cap dominantie is YTD gedaald van 87% naar 57%.
Alle core devs spraken vroeger van ideale blocksize ergens 2MB tot 8MB.

Welke altcoins komen dan in aanmerking?

Iemand prognose voor interessantste altcoin? Ethereum? Ripple?