Will bitcoin prevent this, or is that as much a lie as "free transactions"?

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[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (8 children)

51% attacks can only double spend coins and prevent transactions from being confirmed, they can't take your money.

[–]Tom_Bombadil 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (4 children)

Pirate chain is resistant to 51% attacks.

https://pirate.black/developers-resources/

The developers who created Pirate Chain believe the best use of the Zcash privacy protocol is a chain that enforces private transactions only. Delayed Proof of Work (dPoW) protects Pirate’s blockchain from double spends and 51% attacks by attaching a backup of the ARRR chain to the Litecoin & Komodo Blockchain. In order to 51% attack Pirate, you would have to first 51% attack Litecoin & Komodo. This increases security dramatically to the point that an attack is nearly impossible.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Nifty, too bad I can't buy it on any of my exchanges. It's doing amazing today.

[–]Tom_Bombadil 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Tradeogre.

No KYC (privacy coin).

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Very interesting. But is it fungible and quantum-computing resistant?

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Yup. See other comment.

[–]Canbot[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (2 children)

That doesn't make sense. If a minority is in conflict with the majority the minority loses. Otherwise a minority can perpetrate a fraud and that is an even bigger problem.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

That's what the bitcoin wiki claims: https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power

[–]Canbot[S] 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (0 children)

You can't trust bitcoin salesmen to tell you the truth about bitcoin. A lot of the things they said have turned out to be lies. Like how secure it is, how anonymous it is, how free it is to use, etc.

[–]BossBrick 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (16 children)

crypto is a sham

[–]Canbot[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (15 children)

Like sham wow? Those things are pretty good.

[–]BossBrick 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (9 children)

sham wow is at least tangible unlike crypto

[–]Tom_Bombadil 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (8 children)

sham wow is at least tangible unlike crypto

"Money" in the bank is digital like crypto.

It'll all disappear when the swift system is false flag "hacked".

They tried to reduce the flow of cash with Covid, but it backfired. Get it while you can.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (7 children)

And unlike cryptocurrencies, the only "work" that goes into creating currency (it's not money, it's currency - money IS value) is typing a number on a keyboard. Think about how dangerous that is: a bank clerk can create 100 trillion dollars by typing into a computer : "100,000,000,000,000".

OK technically that would get reversed by the management, but let's pretend it doesn't... That bank clerk has just created 100 trillion, which can be spent, because THEY ARE JUST NUMBERS INSIDE A COMPUTER.

Even cryptocurrencies are MUCH MORE than simply numbers inside a computer. They are part of a whole decentralized system, and creating this currency has consumed a lot of work. Computer processing work, but work all the same. IT IS DIFFICULT TO MAKE CRYPTOS, unlike cash, where that 100 trillion can take anybody a few seconds to create.

That being said, I still don't know that the perfect cryptocurrency exists. It would need to be:`

  • Fungible (any coin is exactly identical to any other), which makes it:
  • Untraceable ;
  • Private ;
  • Quantum-computing resistant, or that privacy stated above is moot;
  • In difficult, constrained or limited supply;
  • The rest of the usual cryptocurrency characteristics of decentralized ledger, based on blockchain tech, fast and inexpensive transactions, etc.

If any of you guys know a crypto like this, let me know!

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

If any of you guys know a crypto like this, let me know!

Pirate Chain (ARRR) meets all of these criteria.

Quantum-computing resistant, or that privacy stated above is moot;

Solution: zk-SNARKS : zero knowledge proofs

Essentially, transaction info (party identifiers, transaction qty., etc.) is comprehensively characterized by an algorithm.
All transactions are performed through a delayed proof of work (dPOW) and they evaluate the characteristics of the transactions; without knowing the actual transaction info of either party.

Zcash also uses this for a small sliver of it's transactions, and they basically nerfed it.

https://cryptogrizz.com/pirate-chain/

What sets Pirate Chain apart from all the other privacy coins?.

Many cryptocurrencies offer optional privacy features, however, ARRR is the first cryptocurrency to implement a mandatory, private-only usage of Zero Knowledge-Succinct Non-interactive Argument of Knowledge (zk-SNARKS).
Zk-SNARKs is a zero knowledge proof protocol that allows one party to prove to another that a statement is true, without revealing any information beyond the validity of the statement itself. These proofs are also “succinct” and can be verified within a few milliseconds.

Zk-SNARKs is widely accepted across the industry as the strongest privacy protocol in the cryptocurrency.

Pirate started with a fair public launch. There were no premined coins, nor was there an ICO (initial coin offering). Whilst many cryptocurrencies, including other privacy projects, levy a tax on mining rewards, Pirate does not impose any fee on the block rewards.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

OK that's pretty amazing. Some questions:

  • How is the supply constrained or limited?
  • Is it fungible?

Those are my two main remaining questions.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

To answer myself with regards to that first question: it seems it uses a bitcoin-like halving scheme with the mining reward diminishing to the smallest possible in about 23 years. Very nice.

I haven't seen any info about fungibility though... Still searching... I see some people CLAIMING it's fungible, sounds good, but I need a bit more than that...

By the way, WHAT A SHIT NAME. "Pirate" doesn't exactly spell respectable. This should be a MAJOR MAJOR hurdle to adoption.

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

OK that's pretty amazing. Some questions: . How is the supply constrained or limited?

210 million. Unfortunately, they've basically all been mined already. The reason for the low transaction cost (0.001 ARRR iirc).

Is it fungible?

Yes.

Those are my two main remaining questions.

I'm not sure how it will all play out long term.
When the banksters push their digital currencies, and shortly after the world realizes that 99.9% of cryptos are also fully traceable (surveillance coins) then Pirate will probably go hyperbolic, and remain high, as there's a finite quality available for private transactions.

Monero is awesome, but the Monero "M" and Wownero "W" fit the masonic "as above so below" criteria a bit to close for my full trust.

Plus it's not quantum proof.

The future is uncertain, and the coins are still fairly cheap ~$1/ea.

ARRR is peerless, except for the mining drawback.

Either way, it's not a fiat currency, so it will have value beyond the Fiat collapse, and digital substitute.

Anything surveillance resistant after that will be golden.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

I agree. But that name bro... It sounds like a teenage nerd living in his parents' basement came up with it. What. the. actual. fuck.

[–]Tom_Bombadil 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

I agree. But that name bro... It sounds like a teenage nerd living in his parents' basement came up with it. What. the. actual. fuck.

I don't disagree.

Maybe.. some kids never grew up.. Saw what was on the horizon.

And decided to create their very own One Piece Peace.

In a meaningful way that others around the world would soon be able to recognize.

https://en.m.wikipedia.org/wiki/One_Piece_(TV_series)

In Japan, One Piece has consistently been among the top five animated shows in television viewer ratings. On international online video platforms, the One Piece anime got 1.9 million demand expressions per month in 2016, making it the year's most popular anime and fourteenth most popular TV show in the world, according to Business Insider.

One Piece (first ed 1999) is a story about freedom seeking pirates surviving in a world controlled by a One World Govt.

The One World Govt currency "berries" is the Bitcoin symbol with only one vertical line through the B (BTC has 2).
Bitcoin didn't start until 10 yrs after the show was created.

The message is 100% freedom oriented.
The "king of the pirates" would be the most free individuals.

The artwork is over-the-top exaggerated. Deliberately so.
Probably, deters censors from evaluating the actual messages in the story.

Impossibly prophetic messages are coded into the story.
* One world govt.
* Globalist supremacy controlling it.
* Transgenderism.
* Missing timelines of actual history.

You can't make this stuff up.

If you're already into anime, and give it a chance. Then you have about 1000 episode to watch.

Shows like this indicate that, all of what we think of as life is somehow a predetermined script.

Actual truths can be found in works of fiction; where the news and history are obvious lies.

My gut feeling about this is it will be insanely big someday.

You're an intelligent individual, and you know what questions to ask. But you hadn't heard of ARRR.

When word gets out to the millions of people who already have an overwhelming pro-pirate bias, and they realize that it's everything that Bitcoin was supposed to be???

Pirates may return to take back the world.

Searching for the One Piece...

And the pirate developers are doing it legit.

Pirate Chain Anthem

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (4 children)

Seriously? I have some sham wows, biggest fucking scam....

[–]Canbot[S] 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (3 children)

You filthy liar. They are just as good as any other micro fiber cloth.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Maybe that's what they are now, what I have is some sort of pressed fiber cloth that isn't particularly good at anything. I feel like I paid for scrap material.

[–][deleted] 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (1 child)

if you put it in the dryer once, it's ruined. sham-now.

[–][deleted] 1 insightful - 3 fun1 insightful - 2 fun2 insightful - 3 fun -  (0 children)

"We must kill them. We must incinerate them. Sham after sham. Wow after wow."

- Shampocolypse Wow

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

It's a lie. Bitcoin is traceable and each bitcoin is unique. There is no privacy or anonymity when sending BTC.

Monero is a million times better, as it is fungible and completely anonymous and private, however it isn't Quantum Computing resistant.

Epic cash looks like the real deal from the QC resistance and privacy point, but I wonder if supply is limited as is the case for bitcoin, or at least difficult to increase, as is the case for Monero.

[–]Canbot[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I would be more inclined to believe the claims of other cryptos if bitcoin didn't get away with so many lies for so long.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It got subverted by special interest groups and thoroughly deviated from the initial vision put forth for it. Others are attempting to rectify these mistakes with other cryptos, and yes they are also hampered by some of these bitcoin lies.