Youtube hearted comments of SAL (@SAL-fs1mr).

  1. Proof of work: new participants can always join, diluting out the old large miners. Proof of stake: new participants cannot dilute out the power of old large stakers. Proof of stake leads to oligarchy, or rule by the few, where the whales, exchanges, and intuitions will be able to "democratically" vote on upgrades to eth, manipulating the protocol over time to their benefit.
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  2. XRP fanboys spend more time spreading Bitcoin misinformation than they do promoting their centralized unregistered securities token.
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  3. This video highlights a key difference between Bitcoin and monero. In Bitcoin, because the supply of coins is auditable in real time with simple addition, any inflation bug will be detected quickly and fixed quickly. In monero, the amounts are obfuscated, which means if there is an inflation bug happens (like 184 billion xmr) it might be a long time before it is discovered. Monero supply auditability is not a matter of simple addition.
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  4. Excellent video! Being against Bitcoin because of the energy consumption is like being against cars because they "waste" so much energy vs just using a bicycle. As civilization advances, we will use more energy. Grow up, get over it.
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  5. Altcoiners, take note: Elon asked about doing extremely large transactions, not if they were cheap/fast. Focusing on cheap/fast payments misses the big picture.
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  6. This key breakthrough is that the data from proof of work solutions speaks for itself, no trusted authority is needed to trust at all. Proof of stake systems lack this, you have to have some subjective input from a central authority to ensure you are on the correct chain, this weakness in proof of stake is called "weak subjectivity".
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  7. Making it illegal to use bitcoin in certain countries will just result in people taking their wealth (and all the tech innovation) to other countries.
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  8. The XRP network is centralized. Even though the nodes are geographically distributed, they are handpicked and approved by Ripple, resulting in Ripple maintaining the default UNL, or unique node list. It's a federated network, centrally maintained by Ripple. And then there is also the issue of the total supply of XRP being centrally issued at the beginning.
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  9. So happy to see the hex scam get targeted by the SEC this morning ❤
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  10. The biggest scammers are the ones who promote HEX, BSV, and XRP.
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  11. BSV: play stupid games, win stupid prizes. It's hilarious that bsv price isn't falling further because exchanges are halted deposits due to the 51% attack.
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  12. a note about your "joecoin" example - even if you were to copy the bitcoin code exactly, in addition to not having the adoption of usage / network effect, you also would not be copying the robust security (the mining infrastructure). thus any pure copies of bitcoin would be very susceptible to being attacked quite easily.
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  13. Pools don't have control of the actual mining hardware, therefore they have no real control of Bitcoin.
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  14.  @Bitcoin_University  and silence... No coherent reply will be given by these shipcoiners.
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  15. If something happens at blockfi and they lose your coins, you will be out of luck. They are not insured.
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  16. No. The point of Bitcoin is that it cannot be redistributed in that way.
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  17. Phoenix wallet on Android, very easy to use.
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  18. I have two ASICs, so yea, I guess I technically count as a centralized entity.
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  19. It's a centralized altcoin controlled by the Ripple company.
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  20. Bch priced in bitcoin is going down.
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  21.  @AndreiJikh  we are going to see Bitcoin (the real one) scale for currency usage on second layer protocols. It is imperative that the blockchain layer stays as decentralized as possible, otherwise all will be lost.
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  22. Thank you so much for having the courage to speak the truth!!
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  23.  @wayneo7220  no, the segwit transactions along with signatures are on-chain. you definitely are a noob.
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  24. Excellent. Just for for clarification, this has nothing to do with ripple's xrp, which is completely irrelevant.
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  25.  @nguyendzuy  that wouldn't accomplish anything. Doesn't matter how many nodes. If those nodes ran new code, they just fork themselves off into a new fork altcoin, like bitcoincash or BSV.
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  26. Crypto yes. Bitcoin no.
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  27. Already such small hashing power on BCH compared to BTC... if there is another contentious hardfork, BCH will likely not survive.
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