Bitcoin Private Denies Fraud Allegations and Calls for Halt to BTCP Trading
On 12/25/18, jim bell <jdb10987@yahoo.com> wrote:
https://www.ccn.com/bitcoin-private-researchers-allege-fraudulent-inflation/ https://www.ccn.com/bitcoin-private-denies-fraud-allegations-and-calls-for-h...
https://twitter.com/bitcoinprivate https://coinmetrics.io/bitcoin-private/ https://github.com/BTCPrivate/BitcoinPrivate/issues/3 https://medium.com/@bitcoinprivate/official-statement-on-coinmetrics-report-... https://btcprivate.org/ The problem is not so much that there were 2 million inflationary coins mined (10% is nothing to markets and buried in noise of natural adoption and volatility movements) users can deal with that... but that the devs (with others) are calling for shutdown / panic which trends users value even closer to zero. Also remember the ETC DAO -> ETH rewind... BTCP is now forking to kill all existing zaddr's, possibly kill all unmoved coins, and even rewind some history, thus zeroing and forcing exposure of legit users in the process, wiping contracts, etc. It doesn't revert or solve the already exchanged coins, doesn't stop whodunit from shifting to taddr's or offchain before the production rollout, hurts legit users, and makes devs liable for reimbursing the legit users they forcefully zero (this cannot be understated, nor can they actually reimburse them with and under equivalent privacy expectations). And lots more problems that any "solution" has. Also laughable they want to aggress and criminally prosecute whodunit... whodunit stole from no one, and used the coin as per the code. Best case is a silly tort for 10%, which any competent crypto-anarchist mediator, voluntarily chosen by the parties, would likely throw out on principle. Nor would legits care to expose themselves in order to receive such trivial award, better they just HODL and work for adoption gains, or sell out and pick up a better coin. Unless a bug would destroy or make a coin worse than say Fiat for all users, the better thing to do is fix it and continue on. Best consider this bug bounty claimed by whodunit. Not to mention this bug window already ended before BTCP went live. It's not whodunit that damaged the network, or aggressed legit users, it's the devs... they need to stick to dev, not playing in coin meatspace... that belongs to the markets to sort out. Other than educational to the entire cryptocurrency world, this situation seems moot and stupid. Coinbase input: "<coins> + ZKP" is a nice coin privacy concept, someone still needs to do it right, and many existing coins can be imported into new coins using it. BTCP only imported ZCL and BTC, did not have ZKP Sapling, or very many updates since original codebase. https://www.ccn.com/more-services-using-privacy-focused-zcashs-shielded-addr...
On Wed, 26 Dec 2018 02:41:58 -0500 grarpamp <grarpamp@gmail.com> wrote:
The problem is not so much that there were 2 million inflationary coins mined (10% is nothing
LMAO!!!! Some criminal scum STOLE 10% of the supply but that's 'nothing'
to markets and buried in noise of natural adoption and volatility movements)
priceless - where do you get this shit from grarpamp? =)
Also laughable they want to aggress and criminally prosecute whodunit...
WHAAA. 'misguided' people want to 'aggress' against piece of shit thieving scumbags. Peopel want to interfere with the right of thieves to steal!!! What a repugnant idea.
No one's addresses were stolen from. Nothing was stolen, only created. System worked as deployed, who's "fault" is that. No victim, no crime... only tort, which fails. Aggress that at own riisk. 10% inflation is nothing. Quit raging and have a nice day. Or go argue that "Copyright violation" is theft, and that "Taxes" aren't theft, too, lol. Thieves... https://upload.wikimedia.org/wikipedia/commons/e/ed/Act_of_theft.jpg https://pbs.twimg.com/media/DvLgjflW0AAgpib.jpg Your Friends... https://upload.wikimedia.org/wikipedia/commons/0/09/VCY_CG_CB_CV_cent_grp_12... https://en.wikipedia.org/wiki/Federal_Reserve_Bank ;)
On Thu, 27 Dec 2018 00:01:08 -0500 grarpamp <grarpamp@gmail.com> wrote:
No one's addresses were stolen from. Nothing was stolen, only created.
LMAO! You are a clown grarpamp =) And thanks for showing your true colors - again.
System worked as deployed, who's "fault" is that. No victim, no crime... only tort, which fails. Aggress that at own riisk. 10% inflation is nothing.
LMAO!!! Did I thank you for showing your true colors? =) So what would 10% inflation look like in BTC? Let's see... 2.1 million bitcoins at $4000 - Oh, that would 8400 MILLIONS OF DOLLARS. Now, if 8400 millions are 'created'(hi hi hi) out of thin air, and the thieves who create them can use the 'money' to 'buy' stuff worth 8400 millions that means that 8400 millions in value were stolen from all btc holders. You know grarpamp, that's exactly who the dollar works and how the biggest fascist cesspool on the planet, amerika, is funded. Now go learn the fucking A of the ABC of economics.
Quit raging and have a nice day. Or go argue that "Copyright violation" is theft,
So called 'intellectual property' is theft.
and that "Taxes" aren't theft, too, lol.
LMAO!!!! What a retard your are. News for you : inflation is a TAX. Fucking idiot. Go learn the ABC.
Let's see... 'misguided' people want to 'aggress' against... to interfere with the right
In addition wishing interfering with the right of people to follow and utilize the code of the coin in a free market (first two jpg's excepted)... Next you are going to say Satoshi spending even 1 Euro worth of their 1M BTC (effictively the same interested party inflationary premine since inception, utxo unto themself)... is stealing, or how the hodling of it washed out 0.05% of the value against some grand moral coin belief and authority.
2.1 million bitcoins at $4000
Today 2.1M BTC is roughly $7.7B, which is @ today's BTC mktcap ~= 12% ~= irrelavant @ $1T all crypto mktcap (~$650B ath + $350B) = 1% = laughable @ future crypto mktcap (fraction of earthcap) = meaningless $8B is nothing in context. But quit twisting, it was actually ~2M *BTCP* not BTC, which upon article was somewhere in the $1 to $5 range, and some had and was being exchanged out, versus being held for whatever future market leading win BTCP proposed, so in fact an even more laughably moot %. How much does crypto go up / down in 1w 1m 1y? How many lost, stolen, premined, scammed, crooked, etc coins, tokens, derivatives and quanta are in the entire cryptospace... ~50% ... or more? How many $B's do Governments literally steal at gunpoint and spend on garbage? This BTCP news is nothing in any relavant context. 2M BTCP... be happy that it might be in the hands of a crypto anarchist that might use it for something interesting therein.
millions in value were stolen from all btc holders
No, BTCP is at subject, not BTC. No coin address was compromised and stolen from, no user or computer forcibly opened, no double spend or replay, there was no theft, no one can call it that. They didn't even take from some standalone unallocated bucket that doesn't even exist in Satoshi blockchain model. All it appears was mined their own coins into existance as all miners compete in the free market to do. You're raging about a tort, something that supposedly affected the little aspie rager boy commune you live in, that someone might have owed you a dutiful fuck, but broke their duty and didn't give you a single caring one, or simply one upped you in the mining contest. There's a difference. With slim chances of that argument prevailing in a crypto-anarchic / an-cap context. Communal, or even whatever forceful democratic fake law contexts, more likely. https://en.wikipedia.org/wiki/Theft https://en.wikipedia.org/wiki/Tort As in articles... the extra happened before BTCP went live, so everyone had the chance to verify and evaluate the actual true prospectus in the code and coin from their own nodes at startup... but they all *failed* to do that for ages till the article. So they ended up overvaluing their acquisitions by 10%, and or not selling their inheritance while it was 100x plus over value, and or whatever else. Their fault, not whodunit's. And now they want compensated for their own mistake, and by force upon others, even upon innocents... lol. Next time... build, review, audit, educate, participate, and use coins better. Still early days, obviously. The End.
On Thu, 27 Dec 2018 17:07:40 -0500 grarpamp <grarpamp@gmail.com> wrote:
But quit twisting, it was actually ~2M *BTCP* not BTC,
I didn't twist anything. I used BTC as an example to show what 'only' 10% of THEFT can look like. What about "only 10%" inflation of the dollar supply? How much THEFT would that be?
How much does crypto go up / down in 1w 1m 1y?
What has that got to do with anything? What's the price of tea in china?
How many lost, stolen, premined, scammed, crooked, etc coins, tokens, derivatives and quanta are in the entire cryptospace... ~50% ... or more?
And? You are saying that theft is OK because thieves exist? Or what.
How many $B's do Governments literally steal at gunpoint and spend on garbage? This BTCP news is nothing in any relavant context.
Oh, you are such a Master of Moral Philosophy. So if a guy steals 1k, 10k, 100k or even 10 millions, that's 'nothing' compared to what governments steal. So it's OK for anybody to steal up to 10 millions. Good to know.
2M BTCP... be happy that it might be in the hands of a crypto anarchist that might use it for something interesting therein.
lawl. But I'll look at the bright side. You are retarded enough to openly admit you are an advocate of THEFT, and you keep digging yourself deeper. Your reputation should be getting lots of credibility.
millions in value were stolen from all btc holders
No, BTCP is at subject, not BTC.
BTC used as an EXAMPLE. Get a dictionary and look up "example". While you are at it, learn what FRAUD means. And learn the name for "involuntary transfer of value", aka theft.
On Thu, Dec 27, 2018 at 09:05:19PM -0300, Juan wrote:
On Thu, 27 Dec 2018 17:07:40 -0500 grarpamp <grarpamp@gmail.com> wrote:
But quit twisting, it was actually ~2M *BTCP* not BTC,
I didn't twist anything. I used BTC as an example to show what 'only' 10% of THEFT can look like. What about "only 10%" inflation of the dollar supply? How much THEFT would that be?
The issue is as the users decide. Some alt coins are designed with inflation built in, some with deflation, some with intention for stability. When one particular construct is hacked outside of its foundation intention that can of course be argued to be theft, at the very least "change of contract", and although some would say "just a bug bounty", others might take significant exception to said bounty. All these early years events are demonstrating interesting exceptions, events, deltas to intentions which here and there motivate further action, new coins etc. In principle "money inflation", be it 10% or any %, or money deflation, ought be clear at foundation of any coin, and due to compounding de/in flation, is inherently difficult for much of "educated" population to properly comprehend the consequences, thus comes across as generally deceptive. Can a coin in/de flate based purely on population head count, or some other "stable" metric?
participants (4)
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grarpamp -
jim bell -
juan -
Zenaan Harkness