I stated my point once. You go read it and correct your beliefs. Asking me to make the efforts you should provide in a correct discussion is another proof you are dishonest.
Help me to understand you clearly. Either type out your point, or re-quote it.
You do not have a point here, In my case I do add value. I also mentioned I knew of this value long before I purchased the equipment needed. That was the entire reason for me buying it.
Also, The more nodes there are on the same distriobuted crypto network I am connected to, the more transactions per minute/hour can be carried out from a worldwide perspective. So you are incorrect in your claim that my system has no value or adds no value to the system as a whole because factually there are benefits to me and the system.
The only issue here is that you want to ignore these facts and say my node doesnât add value, you must understand that in a real conversation NOTHING is ignored everything is considered. Youâre just trying to cut and shape facts to suit your narrative but youâll find that is more difficult to do when youâre talking with someone who knows what they are talking about.
No, YOU quote what YOU did not understand. And if itâs a reference to a previous message, YOU make the effort to read that message.
I quoted every time you pretend I said something I did not. YOU should therefore quote where I did say that thing. I donât have divination power to understand what you misunderstood, especially after you kept repeating the same false quotes I told you were wrong for like 10 ? 20 ? posts.
No, the issue is that this is unrelated.
I am saying âGENERATEâ and you are claiming I said âADDâ
This is not the same thing. Stick to the exact words I use, or explain why you change them - otherwise you are plainly dodging my point and making a strawman.
Fact - A properly functioning node purchased for the specific purpose of adding it to a distributed system which was purposely designed as a distributed system adds and generates value to the system.
Fact - The Node/Rig I purchased to mine crypto adds/generates value to the network by increasing the amount of transactions the network can handle and it helps to generate new currency for the network and pays me a cut of the transaction fees without fail.
These are just facts, Iâm not sure why you seem angry with me for simply pointing out facts.
No.
In a wind blowing factory, a wind blowing node does what it is supposed to do, costs value, but does not generate value because itâs just blowing in the wind.
How many times can a man turn his head and pretend that he just doesnât see ?
Your fact is just wrong. Belonging to a distributed system does not equate to generating value (even assuming behavior is enforced).
You are not pointing fact. Your are making wishful thinking.
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Here, this is where it started.
People buy BTC to use anonymously and other people buy BTC so they can put it away and sell it for profit at a later date because they know people buy BTC to use privately. << the value is created
I covered this point that you made a few post back
Yes, I can agree my value to BTC is to provide computational power which will increase the performance of the network as a whole. I think that BTC is now promoting itself, if someone wants privacy while doing a transaction they will seriously consider buying BTC or another crypto currency to help them achieve that. But yes i see where youâre going me promoting BTC can have a positive effect on the currency.
You are not answering my question.
If I need BTC, why would I buy it while I could just mine it for cheaper instead.
No, you dodged it by saying your rig has a value. It is unrelated.
Then we disagree. I say itâs made at least of two things, and you say itâs made of one. Again, you are pretending I said things I did not.
Stick to what I say, or explain why you change ; but donât change it and pretend itâs what I said. This is dishonest.
Ok, Nobody will just have a factory blowing wind for no purpose that is just completely mad. And this isnât really an example of a distributed system.
Is there another example you could use to make your point? a distributes system processes data, and it has a cost benefit to being distributed.
If you look at ScPrime, They ask people to buy a computer and share the hard drive space with them, they then approach business customers and sell the hard drive space. ScPrime will pay the storage space hosts a share of the money they get from business customers.
ScPrime are creating a distributed storage system, where each node has a value and adds value to the network. This is the best example of a Distributed System. People demand storage space and someone provides it in the cheapest way possible, this enables general people to create a passive income as ScPrime might be able to undercut the usual storage space suppliers.
Also the storage space owners will already have paid their rent/mortgate/electric so i hope you can see that ScPrime wont have to worry about any of that, Distributed systems can be benificial in a number of ways. The only worry ScPrime have is to build a system that can manage lots of storage drives remotely, they ask for a Windows 10 only and only SSD type storage devices.
Not everyone will be able to set up a mining rig, thatâs why I said mining is a great passive income for pc repair people, and computer hardware guys.
You made this claim, and I responded to It. And you was wrong on that point and tried to pretend youâre saying something else. let it go.
Speculation ?
Being clever or not is irrelevant. What is relevant, is that belonging to a distributed architecture does not imply generating money.
My point is, that this activity is not generating money. You reply by saying it must generate money, because the activity is generating money. This is a circle argument.
No. You make a general statement, so I use an example in that statement context to disproof your statement. It does not need to suit your taste.
A what ? This âcost benefitâ makes no sense.
Indeed, that is Storage as a Service - this time distributed but there is often replication in SaaS (which is not distribution but functionally identical if you incorporate security).
In that case, the owner will use a reserved resource that they donât use - their storage. Itâs a cost already paid. If they need to buy new hard drives for the operation, then it means the storage they bring is paid more than it costs out of the operation, and therefore that people using it should instead buy that storage space.
In short : if people are investing specifically in rigs for ScPrime, then it means clients should not use ScPrime and it does not generate value.
The value added by ScPrime is the usage of an unused reserved resource.
In case of BTC, the resource required is electricity, which is NOT reserved : you pay for what you use.
Your comparison is completely invalid.
No, you dodged it.
Fair enough, but it must have some real world application, as i said why would someone need a factory just to blow air? People seem to need a system that confirms transactions due to their desire for privacy and investment. but what use could a factory of air blowers have? why would the owners have this and how does it make money?
We debunked this, both of us said the ledger will keep every transaction (partly true) and that everyone has to use an exchange (partly true) and present ID to them without knowing if GDPR and other rules will be observed.
Itâs not really a value.
There is value in BTC, you can exchange it to USD (or euro or other values).
The value of BTC is based upon the demand like with anything. People buy sand to put in their kids playground in the garden, some buy sand to make cement and there are other uses for sand.
The value of your return in investment is a gamble as when the value of the bitcoin would dump, you would get less USD reward per period (but the same numeric BTC reward). That value depends on a very difficult system where the comparison of a casino comes in. Lots of people walk in and leave without what they budgeted to play with. Some people make a small profit and call it a day. And the very few get a lot of money. The Casino generally gets a good chunk yet has to spend a lot on security and experience for their customers.
I have a spare PC and spare card a GeForce 1660 which might do around 18.00 MH/S ~ 31.55MHs @ 75w for nicehash.
I made some checks and read some of the bitcoin forums, I guess everyone can have an opinion but I found this gem :
- have access to free electricity
I can have access to âfree thingsâ too, but thatâs called theft.
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Hmmm, so youâre going back to ignoring things again.
- What if the data to be stored is too big for one hard drive?
- What if the person who wants to store data is not confident with RAID?
- ScPrime can give a great price on data storage cost due to having little or no overhead
- What if the customer wishing to store data has a limited budget?
- To pay for an IT specialist to create a raid array is expensive even then you are not guaranteed recovery of lost data
- This method has the power to make a raid type setup obsolete, scprime might be cheaper and more reliable.
So in a way it does generate value simply because the whole world especially business is looking for a cheaper reliable method of data storage.
Jeff Bezosâs Amazon currently has the biggest data storage facility, they host data for big boys like Netflix.
The thing with you is that you want to ignore things like what I said above where as I just accept them as truth because they are such obvious truths. If the director of ScPrime is aware of the points I bulleted then that is a good CEO who will make a success. If he/she was to ignore it then the business would fail.
So, have you ignored a lot about crypto too? I noticed that you didnât have a response for when I talked about how cryptography has helped us with everyday life since 1910.
If you have such a dislike for Cryptography and you think it holds no value, then throw away your mobile phone, break up your debit/credit card as these devices feature cryptography which adds value to the item.
When you buy goods/services online which i am pretty sure you have done a few times it is actually elements of cryptography keeping you secure. Accept these truths Geten.
We canât use crypto for over 100 years and then suddenly say âitâs a scamâ when people get the idea to use it to support itâs very own currency, this needs to be looked into more by people who think itâs a scam.
How was Hitlerâs Enigma Machine Cracked: https://youtu.be/mXZNayEPFKc
I disagree, without my node less transactions are supported on the network which will affect the amount of time a single transaction takes. So in terms of crypto currency there will always be more value in the network as a whole if more nodes like mine were connected.
This is actually a big debate in the crypto world, many people want crypto transaction volume/time to be on par with the likes of visa/mastercard, the only way to achieve this is to ad more nodes until we have a system that can compare to the Visa financial system
There is also talk that extending the block size will support more transactions,
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You are like a router on the internet. Yes, BGRP will move routes away from broken ones but without spare ones none of this post would make it over to other people.
Visa and Mastercard are products of BNPL and trust (insurance on the payment/delivery of goods)
Generally they are linked on a Paypal or Block (used to be called Sqare) account which also gives user a trust/insurance layer)
Bitcoin is like a casino. If I would go for video poker as a passive or active/fun job I would investigate every aspect of it. âSteve Paddock was a substantial gambler. It was a job to him,â Eric Paddock said.
Until you explain why they are relevant to the point I made, this is again a soup of words without meaning.
Because you are saying â â â â . and then make personal attacks.
Make a real argument, not a soup of words.
dunno, train logic to I, maybe ?
Looks to me like you donât understand a word to economical concepts and are just making a soup of words when you realize it.
Youâre too ignorant to discuss this.
Whatever it is youâre trying to relay to me is confusing. It is your view that crypto is a scam own it and own the conversations you have brought to this thread.
The point is relevant because they are not considered by you. You have a poor understanding of what a distributed system actually is so therefore youâre not in a position to understand that crypto is not a scam.
This is a clear and concise definition of what a distributed system is:
A distributed system is a computing environment in which various components are spread across multiple computers (or other computing devices) on a network. These devices split up the work, coordinating their efforts to complete the job more efficiently than if a single device had been responsible for the task.
So your ignorant view that my node or any other node doesnât add or generate value is incorrect simply based on the fact that the work load will be completed more efficiently if more nodes are added.
Itâs just a currency using crypto tech, its the same tech that you use on your mobile, debit cards and online shopping, What is your direct response to this point?