That is why I only want to deal with 1 - 3 individual investors who are altruistic and want to get possibly rich on their investment.  


Interesting point. Don't you think it would be more fun to get rich at the same time of saving the world? Unrealistic maybe. I am evaluating.

I feel I am a person who could do much great things for the world with capital. I think the universe should entrust large capital with me. Perhaps I am mistaken. I am evaluating.


Fair enough. I won't mention my solution again then. No additional hints will be given then. Satisfied?


Obviously false. Please retract the emotional statement.


I did not say you are not intelligent enough. Your username rings a bell and I haven't looked, but I seem to recall you are person of significance in the development of Bitcoin (or Scala?). Perhaps I am mistaken. So far, your posts have been interesting to me and I am preparing to look at your latest idea and either mea culpa or refute it.


Perhaps because I like to see you get all ego twisted like this?

Naw. Rather I am trying to point out what is futile and get some interest to invest in my solution. Isn't that obvious enough?


I know some of them and they know I empathize with them. I can't empathize with those who haven't told me.

I only reacted with my personal plight due to the disingenuous attempts to character assassinate me when the antagonists had lost the logical point (or simply didn't pay attention because they wanted to attack me).

If the discussion stays on technicals and civility, then so do I.

I don't know what to do about the fact that you don't agree that I don't give my ideas away for free in every instance. I guess you demand I be a Communist. And I an reticent. I am evaluating what is the wisest way to proceed.


Well so we see that your entire post was a yet another jealous veiled character assassination against all those who are reticent to Communism and groupthink.

Kudos.   (wasting more of our time)

I would phrase things "A spotlight has gone onto UTXO because they are bitcoins."  Nothing comes closer to an accurate explanation to what a bitcoin is in my opinion.

I would take issue with the idea that 'UTXOs are bloating.'  They are doing so to a much lesser degree than I would have imagined years ago.  The reason for this, I believe, is that off-chain work has come to the rescue (in the ugly form entities with counter-party risk for the most part and the associated thefts that come with such) and many many BTC are tucked away into deep storage as the equivalent of $100,000,000 bills UTXO-wise.  That is the genie which comes out of the bottle when you guys realize your dream of a one-size-fits-all everything-to-everyone exchange currency for the masses.  Not sure if you are still in that camp solex...you seem a little more bright or flexible or something than most here.

No man, I am certainly demanding nothing of you, and am the last to desire Communism.  This is a strategy to actually maximize your returns.  Look at current altcoins; if you or your investors poison your coin you'll get nothing.  If you do not poision it, you and a small number of people will be the first to mine the next new thing and you may actually get help implementing it -- help which seems to be needed because haven't you been talking about this for over a year now?


Please consider my possible reasons for "jealous veiled character assassination".  Look at my post history to see if I'm a troll.  I have none of these motivations.  Consider that you applied a pejorative -- a negative emotional reaction -- to the idea of narcissism, not me.  Consider that you always manage to get into these endless ad hominem postings, not me.   I'm actually trying to help you where I think you most need help; read some of those posts. How are you similar?  How are you different?

But that will be all I say or read on this subject; by the time I read this thread next these messages will be buried too deeply for me to see.

Indeed. But technically it won't work. I don't have time to go into that today, but I will soon. Even Gavin has admitted there are yet unresolved problems. I haven't been following it lately, so I will need to go and dig back into it. But again, not today. I am already behind schedule today.

And even if IBLT works, it can't address the Transaction Withholding Attack nor the point I made about getblocktemplate being impotent against the complacency of the masses.

And the other problem is IBLT may never be able to be deployed. Hard forks are political hurdles. This will be a huge one.

P.S. afaik Gavin has never designed something significant for Bitcoin. All the major stuff was decided before Satoshi left. Correct me if I am mistaken.

What was the upthread name and link to Russel's (recently hired by Blockstream sheesh I can remember that but not the name) summary of the off-chain proposal ("lighting" something) for real-time transactions employing a payment channel (you dedicate some BTC to a particular recipient which you can dole out in real-time)?

Some real-time txs are micropayments and some micropayments are real-time, but not all real-time txs are micropayments and not all micropayments are real-time. Thus you are addressing an orthogonal need to scale the blockchain for higher tx volume.

Recall upthread one of my several reasons for stating that getblocktemplate will lose efficacy is because miners won't be able to process a million or billion txs per second.

What do you mean by point #3?

Afaics, it appears you are proposing to compress the UXTO, but you are not addressing the scaling problem. (Bounded) compression doesn't solve scaling (they are different complexity levels).

The only solution for microtxns that scales is to remove the UXTO entirely! (You've said you are not restricting me from mentioning my solution, so I mention it again!)


The solution is going to be so radically different, I don't think it is going to work as a side or merge-mined chain. But I reserve final judgment after working through all the finer details.

If it is not, I mea culpa. I will need to go dig back into what I concluded about IBLT and I decided not to comment further on IBLT today so I don't say something stupid. I remember I saw a flaw that had to do with the assumption about small set differences and the proposed use of the invertible bloom filter or something like that. I forget exactly. Will dig in soon...

The government (NSA, CIA, DEEP STATE, banksters) has the incentive and the capability.

Did we forget who the enemy is?

We need a more anti-fragile (simplified!), resilient and robust protocol that is immune to all this fragile complexity (IBLT, latency, etc).

i don't believe large miners = NSA, CIA, DEEP STATE, banksters

I am not going to do something stupid about investors. I refused $100,000 in investment in 2014 for 25% of a 10% premine.

I was sick with M.S. all of 2013 and 2014. I could barely code. I tried my best every single day and I had investors in waiting (I've been self-funded) who were following me daily. But I couldn't perform despite my valiant attempts, because M.S. is particularly debilitating in the head (you may not realize how intense concentration is when you are coding, you keep 100 variables in your mind, you only realize when lose the ability to concentrate that you used to take for granted).

My former ideas revolved around attempting to make the PoW CPU only and I did devise an algorithm which leverages the ASIC built into every CPU. So that will still be reused. But that in hindsight isn't really a complete solution to anything.

This latest idea is only recent. The genesis was a couple of months ago and the realization that it doesn't have pitfalls finally gelled about 3 days ago. I've been coding 18 hours a day on a new social network, so I just hadn't been thinking about crypto, then someone pinged me and asked why I couldn't get rolling on crypto so I thought about it for few minutes and realized it (healthy mind now I guess the M.S. is fading).

I should add that another orthogonal aspect of my ideas is about 6 months aged. And that is how to drive tx volume to the coin. And it is intimately related to how to solve the anonymity properly (Monero is incomplete). I have written about it in detail publicly but no one seems to pay attention (except for one very respected member here who commented in this thread within the past 24 hours I will not name who discussed this with me in Bitmessage months ago).

I hadn't read that.

That isn't a solution because it is the wrong characterization of the coming reality of NWO fascism.

I don't know if you've noticed the trend towards consolidation in the online retailing sector. For example here in the Philippines Ayosdito.com and olx.ph merged and now I can't buy imported vitamin D3 any more because the new cartel eliminated vitamin ads!  

Consolidation will accelerate as the global economic implosion hits us 2016 (mostly in Europe) and accelerating in 2017 or 2018 in the USA.

The masses love their WalMart, Target, Amazon, and other big names. The Big 5s will be folded into the Amazons.

When we reach the point that 80% of online shopping is done through Amazon Payments, Paypal, Coinbase, Bitpay, Circle and a few others, then the case of the "transactions which the miner has 'pulled out of his ass'" (i.e. the txs that are for those big names) will be most of the transactions.

As I said, the masses are working against your theory of political containment. Sorry you can't win with politics. You need a truly technically decentralized solution.

As I said from my first comment in this thread that got you all so offended, you need to make the fundamental tenet of Satoshi's whitepaper the actual reality. Bitcoin isn't. Sorry.