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RE: Shocking Crisis Coming to Cryptocurrency (in Sept?)

in #cryptocurrency6 years ago (edited)

This (c.f. copy on Steem), this and this for your remedial edification! Which includes a link to the high school level math probability error which I found in the security model for InstantX. Similar vulnerabilities exist in the anonymity provided by the masternodes. And double-spends are theoretically trivial for the insider cartel.

Dash is entirely non-anti-fragile and can be insecure if the cartel fucks up, because it’s a centralized cartel controlled system via the insidious masternode compounding ROI which destroys the Nash Equilibrium of its proof-of-work and places the 51% control in the hands of the insider cartel. Unfortunately mostly humans can’t comprehend the exponential function, thus they fail to understand the significance of how the masternode revenues compound for the insiders who were first and entirely centralize the system (if it wasn’t already centralized by the fraud of the instamine or in PIVX’s case the fact that ICOs are also insider scams by surreptitiously selling the ICO to themselves).

DashNDrink.jpg

Good grief man, you selected the most obnoxious scam with the worst technology in crypto for your favorite shitcoin.

I wrote in my recent blog:

Seriously, QuackChain[Dash] is more or less as useful as any of the series of shitcoin parodies such as the 100% Useless Token and those [ANN]ounced by the outrageously hilarious Gleb Gamow, which include the Bitcoin Pussy “The Wife of Dick” and YuTü.Co.in “Catering to YouTube 📷 Creators”.

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