Take a look at "genesis block" - first block #0 of blockchain, created by network creator, of ETH and you will have no any questions.
ETH was a hoax from the very beginning. More than a half of all ETH coins was created from nowhere at Jul 30, 2015 in 0 block by creators of ETH and sent to their wallets (there obviously was no any other wallets at very start). https://blockchair.com/ethereum/block/0
Genune hoax from the very beginning with the obvious proof right in the blockchain.
Funny, but some online blochain explorers does not show 0 block of ETH, but you could see it locally or on many other blockchain explorers.
Strange, that this obvious and easily prooveable fact is not mentioned in the artice.
Bitcoin, f.e. have a decent 0 block with no coins created from nowhere, only mining reward in it.
So, turning to PoS (Proof of Stake or Piece of Shit, it is equal) gives full control of ETH to those who own more than half of coins. It is ETH creators. It was planned from the very beginning. And transition from PoW to PoS was done exactly at moment when number of coins mined by users come close to number of coins created by owners in 0 block. So, no any need for anybody to play on stock buying more than 50% of coins to obtain full control. It is already under full control.
Bitcoin has an unfair advantage to the beginners too though. Although not created out of thin air, it's similar to a ponzi scheme. Early adopters could mine easily.
Bitcoin has an unfair advantage to the beginners too though. ... Early adopters could mine easily.
Just like with real gold, new tech, actually like with any new business trend. Those who first have advantage over those who come later. Don't see anything bad in that. And ponzi scheme means that those who come first receive money of those who come later. That is not the case with bitcoin. You could start mining even now without paying anything to those who start earlier.
Those who find a will to overcome the fear to be first, receive a keys to the gifts of fortune. I think it is fair.
There is nothing to finance in development of slightly modified fork of well-known opensource concept. Literally, it is a job for few nerds who don't know what to do on vacations.
Also, it is impossible to "finance" anything with coins in genesis block because that coins cost literally nothing at start and you can't have any clue or guarantees that your coin will succeed. Except financing yourself, as creator of that block when you going to fool the users into your shit and stole all value they will bring into your coin.
Also, that’s not what “hoax” means you dumb fuck.
May be I'm dumbfuck, or have poor English language knowledge, but isn't supposed Moon landing named a hoax because creators fooled other people and then harvested fooled people hopes, faith and rise of spirit that was created by that fooling? Show me any difference between Moon hoax and ETH hoax.
I don't know, I get to know about him some time after I registered that nickname here. Some user give me a link to a channel with similar name. He was not Russian at all. (found that thread - https://conspiracies.win/p/13zg536AB3/x/c/4JFpBLUZMlJ ) Really, there are numerous "Crazy Russian"s on YT, but most are Russian-speaking.
Take a look at "genesis block" - first block #0 of blockchain, created by network creator, of ETH and you will have no any questions.
ETH was a hoax from the very beginning. More than a half of all ETH coins was created from nowhere at Jul 30, 2015 in 0 block by creators of ETH and sent to their wallets (there obviously was no any other wallets at very start). https://blockchair.com/ethereum/block/0
Genune hoax from the very beginning with the obvious proof right in the blockchain.
Funny, but some online blochain explorers does not show 0 block of ETH, but you could see it locally or on many other blockchain explorers.
Strange, that this obvious and easily prooveable fact is not mentioned in the artice.
Bitcoin, f.e. have a decent 0 block with no coins created from nowhere, only mining reward in it.
So, turning to PoS (Proof of Stake or Piece of Shit, it is equal) gives full control of ETH to those who own more than half of coins. It is ETH creators. It was planned from the very beginning. And transition from PoW to PoS was done exactly at moment when number of coins mined by users come close to number of coins created by owners in 0 block. So, no any need for anybody to play on stock buying more than 50% of coins to obtain full control. It is already under full control.
Hahaha! Love this! What a rug pull of a ponzi scheme! A FIAT digital currencey.
Ain't so crazy Russian!
There is a blog about crypto currencies being a scam. The author is a cryptographer.
Right there with you.
Bitcoin has an unfair advantage to the beginners too though. Although not created out of thin air, it's similar to a ponzi scheme. Early adopters could mine easily.
untrue, Satoshi made it public 2 months before mining started, so anyone could have started mining on day 1
Is Satoshi even real?
Of course. Somebody wrote the concept and code. Whoever did that, he/she/they is/are Satoshi. Concept and code can't appear out of thin air.
Just like with real gold, new tech, actually like with any new business trend. Those who first have advantage over those who come later. Don't see anything bad in that. And ponzi scheme means that those who come first receive money of those who come later. That is not the case with bitcoin. You could start mining even now without paying anything to those who start earlier.
Those who find a will to overcome the fear to be first, receive a keys to the gifts of fortune. I think it is fair.
Would you prefer they financed development in a centralized way?
Also, that’s not what “hoax” means you dumb fuck.
There is nothing to finance in development of slightly modified fork of well-known opensource concept. Literally, it is a job for few nerds who don't know what to do on vacations.
Also, it is impossible to "finance" anything with coins in genesis block because that coins cost literally nothing at start and you can't have any clue or guarantees that your coin will succeed. Except financing yourself, as creator of that block when you going to fool the users into your shit and stole all value they will bring into your coin.
May be I'm dumbfuck, or have poor English language knowledge, but isn't supposed Moon landing named a hoax because creators fooled other people and then harvested fooled people hopes, faith and rise of spirit that was created by that fooling? Show me any difference between Moon hoax and ETH hoax.
It is not mine. I never had any YT/Google/whatever account. And that guy is not even Russian. :)
I don't know, I get to know about him some time after I registered that nickname here. Some user give me a link to a channel with similar name. He was not Russian at all. (found that thread - https://conspiracies.win/p/13zg536AB3/x/c/4JFpBLUZMlJ ) Really, there are numerous "Crazy Russian"s on YT, but most are Russian-speaking.