How to tell scam.
There is the internet truth and there is nature. We should define our reality as that which is nature. Lets say we do...
Recently over the years the advent of bitcoin, {something people call} blockchain technology, and {perhaps} some new form of digital money alternatives have created {perhaps} the advancement of new poker site technologies.
We are poker players so we don't know which if any of those things happened or are real (hence the curly braced considerations). So how can we evaluate the nature of projects and proposals?
The internet will tell you that virtue poker is a reputable blockchain venture and the internet will also suggest this is doubly so because Phil Ivey endorses:
Quote:
Originally Posted by Ivey
“I’ve been working with the Virtue Poker team for nearly 3 years, watching them build a next generation poker platform” said Phil Ivey. “Using a blockchain based system creates a more secure and globally accessible payment system. I’m excited to continue my partnership with the Virtue Poker team and work to bring the platform to poker communities worldwide”
https://www.businesswire.com/news/ho...nt-Round-of-5m
Some people think discerning truth is hard. It's not; thats a lie. Its gaslighting. Truth is easy. Virtue poker is a lie. There is no such use of blockchain technology and part of the reason we know its a lie is because it has phil ivey's face on it. Now keep something in mind, on the internet what i Just said is BULLSHIT. On the internet if phil ivey endorses something that means its secure. But we define our reality in regard to nature.
As poker players I will explain to you what you need to understand about the word blockchain. First we understand what it is not so we can spot scams:
Quote:
Originally Posted by Ibm
Blockchain defined: Blockchain is a shared, immutable ledger...
https://www.ibm.com/topics/blockchain
Ibm is selling a lie here. Ibm sells what they call blockchain solutions and they define them as immutable.
Blockchains are NOT inherently immutable. Anyone speaking as though they are, is a gaslighting scammer.
Bitcoin is a proposed {blockchain} implementation that is CONJECTURED (it can't be proved!) to be secure and immutable. It may or may not be secure/immutable but regardless a blockchain does not imply security or immutability.
The phrase blockchain afaik comes from Satoshi and bitcoin but the concept is older and simple and this is what the mods here need to understand when vetting proposals:
the 'chain' that bitcoin creates and leaves a trail of is simply groupings or sets of transactions which are combined via a mathematical function in which the output is stored in the next block.:
Quote:
Block Creation: When a new block is created, it contains a set of transactions or data. This block is assigned a unique identifier, known as a hash, which is generated based on the content of the block using a cryptographic hash function.
Previous Block Hash: In order to establish a link to the previous block, each newly created block includes the hash of the previous block within its own data structure.
Its important to understand this is what the word blockchain means to see how silly it would be to imply that this would be something inherently secure or immutable. EVERY BLOCK OF DATA IS CRYPTOGRAPHICALY VERFIABLY LINKED TO THE VERY FIRST BLOCK OF DATA {GENESIS}
BUT THIS SAYS
NOTHING ABOUT WHETHER OR NOT THE SYSTEM IS IMMUTABLE OR SECURE!!!
If someone or a project speaks about 'blockchain' as if it provides security to their projects then you know its a scam.
Last edited by jbouton; 05-14-2023 at 01:13 AM.