What did they change about Ripple that makes this one provably safe but Ripple not provably safe?
That is, what is the added safety feature that makes it safer than Ripple?
Or are they really saying that Ripple's protocol is provably safe so theirs also is?
-MarkM-
# normally here are tons of fanboys of stellar - maybe they can explain |
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there is (was) one great inherent flaw in the implementation of zerocash. I think the tech-savvy guys here can explain it properly. I am not even completely sure it is still worked on the project.
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The team is infected with this misguided sense of "fairness" or similar garbage ideals. You can see the manifestation of this idiocy in Monero's emission. Among the worst I've ever seen. Instead of releasing quickly, and thus having low inflation, Monero releases over about 4 years, dramatically limiting returns.
The developers don't realize that very few people make investment decisions based on emission schedules.
Maybe some people were too lazy to answer or simply do not get it. Emission is not just important regarding fairness, but has serious implications regarding economic mechanisms: the problem with instamines or also proof of stake is that certain qualities of money like commodities do not work: economic network effects as well as power law do not work properly when the initial distribution is set in stone, or quasi set in stone. with the inflation hefty emission of monero you at least open the possibility for these mechanism - you have to make sure that your cryptocurrency project does not become a club good  |
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I also assume dark/dash goes significantly higher than it is now, for the same stupid reasons the current cultish members are praising it.
anyway I hedge xmr with drk - but it is a double edged sword: I know it is vanilla software and a semi-stupid scam, but at the same time I know it will not stop rising (and then finally collapse). the biggest problem I could be confronted with is that I knew better in the case my prediction is wrong - anyway.
we had this high quality monero economics thread - is it still active?
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Monero uses a combination of ring signatures and stealth address which is provably anonymous, unlinkable, and private.
we could end the discussion here normally - but you know drk is rising and markets are always right  ohh the irony I was very early in drk as well as in xmr, I decided that drk will fail and argued vocally (see darkcointhread), when it decided in favor of multilevel marketing (masternodes) over the hardfork for privacy (cryptonote). after the renaming and the announcement to compete with btc it is getting ridiculous: there is no place besides bitcoin (no matter what messias tells), there are just niches to be filled - and thanks drk ah dash for giving up the place for the biggest existing niche - privacy. |
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Given the robust history of XMR, and the relatively mature level of understanding of the practical as well as theoretical risk geometry of the technology, I think that the probability of a new crypto overtaking XMR is much less now. In particular it seems very unlikely that any large institutional crypto will incorporate competitive privacy features, as much of the value of crypto to such institutions lies in control of information flow.
both parts cannot be highlighted more you cannot build something with this specific kind of potential intrinsic value in any other way the risk of being overtaken diminishes from day to day |
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One of the things I'm looking forward to with smart mining is seeing what sort of increase we may get when it is released. It will give a real sense of how many people are actually using XMR. People using it locally will be fairly likely to mine to at least support the network. Speculators who keep their coins on exchanges and never really plan on using it as a currency, not so much.
I think the most promising thing with smart mining is, besides decentralization, that you open the club - you do not neccessarily need to buy in any more to become a member, I think this will dramatically increase the user base. While this is true, your not really going to see much of an income of coins with smart mining due to the low hash rate you will have. This will be an even smaller % of the network as it gets more hash rate overall. there was this huge discussion over here that mining should never make sense in economic terms aka it should always be ev- without intertemporal aspects. more importantly than the economic aspect is that it should be possible - which is at this point for almost everyone not possible with btc. |
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well do not get the motives here . his casino was although young one of the best around.
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One of the things I'm looking forward to with smart mining is seeing what sort of increase we may get when it is released. It will give a real sense of how many people are actually using XMR. People using it locally will be fairly likely to mine to at least support the network. Speculators who keep their coins on exchanges and never really plan on using it as a currency, not so much.
I think the most promising thing with smart mining is, besides decentralization, that you open the club - you do not neccessarily need to buy in any more to become a member, I think this will dramatically increase the user base. |
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is there an overview for the dapps which are coming over the next half year?
could only find augur
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money is different than browsers
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this ship is moving in the right direction. I dunno if all works out or not, but the ambition by the core team Xnova Cityglut and Phantomfreak is outstanding and inspiring. Keeping a close eye on this specific project is probably not the worst idea |
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This is one of the biggest days I can remember on Polo.
750+ BTC buy orders
620+ BTC Vol
+50 %
last summer there were days with more than 1k volume if I remember correctly |
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This may seem like a big deal for bitcoin, however, it's not.
They will use the blockchain technology for their own products and leave bitcoin hanging in the cold.
Don't expect this to be relevant to the bitcoin economy.
Interesting startup though.
yes that's why they call it 21... - because they completely disregard the native currency of the protocol .... oh wait  |
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it looks like darkcoin will be rebranded to dash sometimes things come better as expected - the only real advantage darkcoin had over monero was that it was here earlier. with the rebranding they even manage to destroy this advantage  |
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the plane analogy is quite fitting regarding the private coins - once they are broken it is catastrophic. further the analogy is also not the worst by regarding xmr and drk: while xmr is really building an airplane, which is obviously needing a lot of research, drk is building a car with wings (btc protocol with implemented coinjoin). xmr at this point is also quite heavy (blockchain bloat), while no one knows if drks wings are strong enough to ensure privacy. we will see which one is dominating the market, the car with wings, which maybe becomes a somewhat airplane or the airplane which is at this point not able to fly for a long distance all that said you guys should be grateful that you get help from evil |
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Once BTC gets moving again (and I don't mean so much due to speculation), I think we are going to see the next rush into alts and how that plays out is probably BEYOND most anyone's guess. Once Cryptocurrency becomes more a part of our lives (e.g. an accepted payment system for even a few % of people, investment, store of value, payment system, etc.), then that will be huge adoption, by definition, forget about the rush to get it. Are we going to continue to Primarily measure these alts in BTC once adoption takes place or will it be in $$$? Does a XMR price of .1 BTC mean that it is 10% of BTC's network strength, use, value to users, etc? Can something anonymous go up that much? Because the before mentioned .1 or .2 BTC price seems impossible to say to me. I think as BTC goes up in price, after an optimal bell curve price in $$$ is reached, I think we will see alts go down in price (BTC ratio), especially the 2.0 stuff. Calling that point will be key. Tough one to call for a variety of reasons. Regardless, buy your lotto tickets coin now and take a seat. The show is about to start. TBH (and i recently switched views regarding this) I wouldn't be surprised that when the next goldrush on crypto happens (whenever that may be) a decent chunk of the incoming money-wave will be directed towards a selection of alts. This time, opposite from last, the picks will be made differently though (ie: more based on promising tech). I still need to find rationalising arguments to support this thesis tho  However I do think that this, again, will be speculative rather then based on usage/adoption. IMO a 'rush' is always speculative, since based on adoption would mean a natural growth (aka slow grind up) adjacent to user/usage growth. I think it's inherent to human nature (cause of herding/group think) that a market behaves like a drunk manic. Especially the illiquid kind we're having here. Don't some people argue that using this phenomenom/trait was Satoshi's strategy to bootstrap/kickstart the crypto-adventure. it is quite easy - it will be the 2.0 projects as well as the anonymous coins. what these 2.0 projects are really worth will be seen once ethereum as well as counterparty have released their turing complete smart contracting systems - in both cases I assume that investing in their native currency is not neccessarily the most promising idea - but I assume we can directly invest in the systems build on top of these technologies. |
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do you really think that 1,8 Billion US$ is much in terms of financial markets?
I normally hate this bullish talk because it seems to be so much out of this world.
But we have tokens here, worth ~50 cents which have the potential to serve a market which cannot be served in any other way.
you cannot have a digital token that is centralized and at the same time (almost trustlessly) private. there is only one way to achieve this and that it is in a decentralized way - in my opinion this is a huge difference to the transparent coins flying around, including bitcoin.
all that said you have to do your calculations if it is worth taking the risk and then conclude.
if markets would be fully transparent, all informed and rational - the chance for reaching that market is given at 0,5% - I have an assumption regarding markets as well as regarding xmr.
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The European Central Bank has released a new report on digital currency, describing it as “inherently unstable” but potentially transformative in the realm of payments. As well as including refrains of central bank warnings about digital currencies, such as a perceived lack of transparency and market volatility, the ECB also touched on the growth of altcoins. The report suggested that altcoins may one day serve as future payment networks that, in the eyes of the ECB, could compete with bitcoin given the differences in design, distribution and implementation.At the same time, the report highlighted how altcoins pose added risks for investors because of the nebulous nature of some projects, noting: “It is too early to tell what the future of these altcoins will be. A great many of them could be nothing more than “scamcoins”, ie VCSs that are created with the main objective of swindling naive buyers, either as consumers and payers or as investors.” Specific risks named in the report include a lack of specific information about an altcoin network's management, premining and market illiquidity. http://www.coindesk.com/european-central-bank-digital-currencies-inherently-unstable/- ECB talking altcoins? Nice Feels like the times of opportunity when they noticed Bitcoin on the horizon. Being here you just have to open your eyes to see what kind of scamfest it is. Looking at the top 20 coins you can find at least 7 coins which are very close to complete scam - at least two of them are complete scams. below that you probably do not find 7 coins that are not scams. |
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