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      "body": "Really?  I would like to see you link ONE Video of the ORIGINAL construction, when the NASA liars started with NOTHING.  Good Luck!\n\nHere is a video of the NASA liars glitching out, but the background video remaining stable, that is called layers in video editing and it means that the NASA ISS is a GREEN SCREEN.  Have fun, reality is not what you think it is... PEACE\n\nhttps://www.youtube.com/watch?v=FhJolAO7VkQ",
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      "body": "The ISS was constructed in sections; mostly modular pieces brought up by the Space Shuttle. There are plenty of videos of the thousands of spacewalks involved in the construction. Here's a live feed from the ISS if your curious what's going on right now: http://www.ustream.tv/channel/live-iss-stream\n\nAlso, the Satern V plans where never lost: http://web.archive.org/web/20100818173517/http://www.space.com/news/spacehistory/saturn_five_000313.html",
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      "body": "The promise of cryptocurrencies is, in part, that users no longer have to trust in a central authority. But in many ways, the requirement of trust in a central authority has been replaced by the requirement of trust in a half dozen separate entities. Each of which may not be worth of trust.\n\n  > Imagine I found some clip art showing an abstract representation of trust, like a padlock or a handshake, and placed it here.\n\nThis is not meant as an attack on cryptocurrencies. Instead I want to focus attention on areas that could be improved and possible solutions.\n\nI intend to address layer of trust in my likely incomplete and somewhat overlapping list:\n- Maths\n- Coin creators\n- Wallet creators\n- Mining software\n- Exchanges\n- The community itself\n\n# Maths\n\nThe technologies behind blockchains are likely some of the most trustworthy components. For example, hashing algorithms are well studied and you can find detailed information about each one. You can even find published attacks that test and may degrade their security.\n\nThe trust here lies more in the implementation of the algorithms and the representation of the work. There are few among us that have the time and background to research each coin and the algorithms it is using, or to dive in and truly understand how a cryptocurrency is made secure. Instead, we have to trust that others have done the leg work, and that those using the technologies are doing so correctly.\n\nCase in point: Coin MAGI (XMG) is a well meaning coin that has a flawed implementation, which I opine about here: https://steemit.com/cryptocurrency/@superdesk/the-magical-thinking-of-coin-magi-xmg\n\nI only realized that XMG had an issue after someone began successfully exploiting a weakness in the implementation to extract coins unfairly.\n\nI don't have any real advice for folks on this one other than to do your best to get a basic understanding of how bitcoin works. This will hopefully allow you to \"sniff-test\" new coins to see if it sounds like the developers know what they are talking about. Or you could get an advanced degree in a relevant field and become a bonafide expert.\n\n---\n\nI'll take a look at another point of trust in the next post.",
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      "body": "I really like the idea behind MAGI: a CPU-mine-able coin that seeks to reduce the ecological impacts of the coin. It does this by attempting to limit the network hash rate by scaling back block rewards as the hash rate increases. This is the first coin that I mined, in large part thanks to Novaspirit's article (https://www.novaspirit.com/2017/10/19/crypto-mining-sbc/). But I've become disillusioned with the coin since then.\n\nThe creators argue that their scheme will lead to a more decentralized network as participation in mining is emphasized over raw hashing power [MAGI White Paper: https://arxiv.org/abs/1409.7948].\n\n> It is anticipated that the new block rewarding system leads to a more decentralized cryptocurrency. - Joe Lao\n\nUnfortunately, there are a number of flaws with MAGI.\n- The Tragedy of the Commons: Perhaps the least problematic of the flaws, but illustrative a magical point of view required to believe in MAGI. This is an old economics problem, the common example of which is cows grazing in a town's commons (shared pastures). Individual can extract short term gains by grazing as many cattle as they can there to the overall detriment of the commons, which get turned into a mud pit thanks to all of those cows. Cow herders seem a long way from crypto miners, but the idea is the same: people will not act for the collective good (keep block rewards high by reducing network hash-rate) when short term gains are at stake (are you going to turn your mining rigs off so that others can extract more?).\n- The security of blockchains depend on the high hash rates. Very basically, blockchains depend on distributed voting: the network as a whole has to come to an agreement about what the current state of the ledger is. I may lie in my vote and say that I have a million cow-bucks when I only have ten, but if the majority doesn't agree, then I can't get away with it (this is an over-simplified example: the original bitcoin whitepaper directly addresses an actor changing previous transactions [https://bitcoin.org/bitcoin.pdf]). Hashing power is the equivalent of votes, so if I can muster the hashing power, then I get to write (probablistically) the blockchain, and if I say I have a million cow-bucks, it is so. The lower the network hashrate, the more vulnerable the blockchain is to attacks because it lowers the barrier for one entity to gain a majority of the votes.\n- There are specific attacks that are at least in part exploiting the low hash rate. If you've seen any of the pools for MAGI lately, you'll see an endless string of oprhans, occasionally encapped by huge payouts. It appears that a flaw in the implementation is being exploited to force higher payouts (40XMG instead of the typical < 1XMG).\n\nThe payout flaw, however, can only be taken advantage of because the bad actor is able to gain a majority of the network hashrate.\n\nAny system will have flaws in the implementation, and perhaps MAGI will be able to fix this one. But unless they fix the flaw in the coin's \\emph{design}, then attacks will still be feasable. Network hashrate isn't the enemy: it's necessary to security. Is there a way for MAGI to achieve it's initial goals while maintaining security? Is that even possible? Until that problem is solved, MAGI is a fatally flawed coin and attacks will continue.",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"attack\",\"magi\",\"xmg\"],\"links\":[\"https://www.novaspirit.com/2017/10/19/crypto-mining-sbc/\",\"https://arxiv.org/abs/1409.7948\",\"https://bitcoin.org/bitcoin.pdf\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "cryptocurrency",
      "permlink": "the-magical-thinking-of-coin-magi-xmg",
      "title": "The Magical Thinking of Coin MAGI (XMG)"
    }
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