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1001  Alternate cryptocurrencies / Altcoin Discussion / Re: Better metric for altcoin ADOPTION marketsize than manipulated marketcap&volume? on: April 10, 2016, 05:07:42 PM
Are you serious? This just tries to use a mathematical formula to prove an opinion on what are the parameters that should be considered in valuing a coin.  Roll Eyes

It is measuring traits of adoption (especially fees) which are much more difficult to fake than market cap, price, and exchange volume.

Market cap is a mathematical formula also, but it uses traits that are easy to fake:

Market cap is not a measure of anything real such as liquidity because for example if just 1% of the supply of Dash was sold it would cause the price to drop 99% whereas only 20% for Monero.

Market cap is not even a measure of how much has been invested in the coin. For example, I create 1 million tokens, then execute one transaction to buy 1 token from myself for $100. No one invested $100 million. Duh!

Much of the volume can be fake due to insiders buying from themselves to create pump of the price, which is especially likely (presumably always) in ICO and insta/premine coins (i.e. scams).



How can money be siphoned off?  Miner fees?

Are you seriously admitting you are blind?

1. Selling the ICO/pre/instamine to you.

2. Using control of a significant portion of the coin supply (and thus perhaps 90+% of the exchange volume float) to buy coins from themselves, set fake bid/ask walls, and otherwise manipulate you into buying high and selling back to them low. Repeat & rinse.

3. Having some "governance" scheme wherein some staked nodes (e.g. Dash masternodes and Bitshares' DPOS delegates) pay out some of the created-out-of-thin-air coins for each block and pay them to the owners of these staked nodes, which are disproportionately those who control the coin supply from #2. And even paying some of these coins to the lead developers via "voted on projects" (and remembering who controls the staked nodes and thus who controls the votes).


I haven't even heard of blackcoin.   Shocked

If you click to the original thread where that table was quoted from, you will see that I was not able to obtain the data for all coins, thus many are missing from the table that would be higher than Blackcoin.
1002  Alternate cryptocurrencies / Altcoin Discussion / Re: Why I'm not putting even a dime into altcoins. on: April 10, 2016, 05:07:07 PM
Are you serious? This just tries to use a mathematical formula to prove an opinion on what are the parameters that should be considered in valuing a coin.  Roll Eyes

It is measuring traits of adoption (especially fees) which are much more difficult to fake than market cap, price, and exchange volume.

Market cap is a mathematical formula also, but it uses traits that are easy to fake:

Market cap is not a measure of anything real such as liquidity because for example if just 1% of the supply of Dash was sold it would cause the price to drop 99% whereas only 20% for Monero.

Market cap is not even a measure of how much has been invested in the coin. For example, I create 1 million tokens, then execute one transaction to buy 1 token from myself for $100. No one invested $100 million. Duh!

Much of the volume can be fake due to insiders buying from themselves to create pump of the price, which is especially likely (presumably always) in ICO and insta/premine coins (i.e. scams).
1003  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH GETTING DUMPED HARD!!!! on: April 10, 2016, 05:03:47 PM
People will get burned so fucking hard from this. Now would be a good time to take profits from this altcoin pump! The chart is screaming for you to take profits guys!

I wrote this close to ATH. I hope people listened!  Undecided  Cry

And I told them they were being fooled by the deadcat bounce:

Myself, I think that Etherium has some ways to go

The illusion of the dip which is actually a crash enveloping as you described, even has you fooled.

[...]


And I even bought some more at 0.02900001, So I don't really care for the short term gains.

Im atleast going to hold Ethereum 1-2 years, minimum!

If you hold that 1 year, you will be one of the fools who loses all the money he invested in ETH. ETH is technologically flawed and won't be fixable, because the design team is pursuing utter nonsense.

1004  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Pump & Dump Scam on: April 10, 2016, 05:03:07 PM
People will get burned so fucking hard from this. Now would be a good time to take profits from this altcoin pump! The chart is screaming for you to take profits guys!

I wrote this close to ATH. I hope people listened!  Undecided  Cry

And I told them they were being fooled by the deadcat bounce:

Myself, I think that Etherium has some ways to go

The illusion of the dip which is actually a crash enveloping as you described, even has you fooled.

[...]


And I even bought some more at 0.02900001, So I don't really care for the short term gains.

Im atleast going to hold Ethereum 1-2 years, minimum!

If you hold that 1 year, you will be one of the fools who loses all the money he invested in ETH. ETH is technologically flawed and won't be fixable, because the design team is pursuing utter nonsense.

1005  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 10, 2016, 04:50:22 PM
As you said, providing liquidity is a useful activity, and empirically Monero has had relatively high volume and relatively good liquidity (by which I mean strong order books) for most of its lifetime. Contrast that with coins that may have high volume during pumps, but turn into are ghost towns with pathetic order books the rest of the time.

This thread also happens to be the most popular alt discussion thread on the entire forum by a wide margin. Is that a coincidence, or is having a good, active venue where traders and long- and short-term speculators can communicate (sometimes seriously, sometimes more socially, sometimes ignorantly, sometimes informatively, sometimes manipulatively) part of what contributes to that liquidity?

I'm not sure it is really possible to separate out the factors that have made Monero as successful as it is.

It's certainly not for everyone though. If I were forced to consistently read the BTC wall observer thread, suicide would become an attractive alternative.

Good point. I wouldn't conceive of using humans as "wind up toys" (collateral damage)* as a way providing that liquidity though. I hope for another means to that end.

* I guess there is a skill in every thing even I perceive it to be mundane, just doesn't correlate to my interests. For example, I am researching right now the a novel design for a new programming language.

Some evidence supporting smooth's logic above:

Market cap is not a measure of anything real such as liquidity because for example if just 1% of the supply of Dash was sold it would cause the price to drop 99% whereas only 20% for Monero.
1006  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash: The Future Internet Of Money? on: April 10, 2016, 04:47:16 PM
Investopedia 101

Seems like Ethereum is on her period

It´s still priced at almost 700 million dollars. That´s some serious money.

ETH still got a very solid marketcap and volume in crypto standards

Market cap is not a measure of anything real such as liquidity because for example if just 1% of the supply of Dash was sold it would cause the price to drop 99% whereas only 20% for Monero.

Market cap is not even a measure of how much has been invested in the coin. For example, I create 1 million tokens, then execute one transaction to buy 1 token from myself for $100. No one invested $100 million. Duh!

Much of the volume can be fake due to insiders buying from themselves to create pump of the price, which is especially likely (presumably always) in ICO and insta/premine coins (i.e. scams).

ETH is not even a hundredth of Bitcoin's market adoption:

I thus suggest an idea for a new metric for ranking altcoins.

Sqrt(M x H)

M = Mean transactions fees paid per unit time to decentralized proof-of-work miners
H = hash rate (normalized in electricity cost per hash to SHA256).

Using M = Sent avg. per hour, H = Hashrate (normalized):

Coin |Relative Adoption |Ratio |Adoption-adjusted Market Cap
1.Bitcoin6.5×10¹²1$6.4 billion
2.Namecoin8.6x10¹⁰1/76$85 million
3.Ethereum6.6x10¹⁰1/99$65 million
4.Litecoin1.3x10¹⁰1/500$13 million
5.Dash9.8x10⁹1/663$10 million
6.Blackcoin7.4x10⁸1/8784$0.7 million
7.Dogecoin6.1x10⁸1/10656$0.6 million
8.Auroracoin5.8x10⁶1/1120690$5,931

I edited the table above so readers can see the "Adoption-adjusted Market Caps".

You can see how pitiful the altcoins are.

Edit: your investment money is being siphoned off into the pockets of the insiders of these coins. None of it is achieving any significant adoption.
1007  Alternate cryptocurrencies / Altcoin Discussion / Re: Better metric for altcoin ADOPTION marketsize than manipulated marketcap&volume? on: April 10, 2016, 04:46:28 PM
Investopedia 101

Seems like Ethereum is on her period

It´s still priced at almost 700 million dollars. That´s some serious money.

ETH still got a very solid marketcap and volume in crypto standards

Market cap is not a measure of anything real such as liquidity because for example if just 1% of the supply of Dash was sold it would cause the price to drop 99% whereas only 20% for Monero.

Market cap is not even a measure of how much has been invested in the coin. For example, I create 1 million tokens, then execute one transaction to buy 1 token from myself for $100. No one invested $100 million. Duh!

Much of the volume can be fake due to insiders buying from themselves to create pump of the price, which is especially likely (presumably always) in ICO and insta/premine coins (i.e. scams).

ETH is not even a hundredth of Bitcoin's market adoption:

I thus suggest an idea for a new metric for ranking altcoins.

Sqrt(M x H)

M = Mean transactions fees paid per unit time to decentralized proof-of-work miners
H = hash rate (normalized in electricity cost per hash to SHA256).

Using M = Sent avg. per hour, H = Hashrate (normalized):

Coin |Relative Adoption |Ratio |Adoption-adjusted Market Cap
1.Bitcoin6.5×10¹²1$6.4 billion
2.Namecoin8.6x10¹⁰1/76$85 million
3.Ethereum6.6x10¹⁰1/99$65 million
4.Litecoin1.3x10¹⁰1/500$13 million
5.Dash9.8x10⁹1/663$10 million
6.Blackcoin7.4x10⁸1/8784$0.7 million
7.Dogecoin6.1x10⁸1/10656$0.6 million
8.Auroracoin5.8x10⁶1/1120690$5,931

I edited the table above so readers can see the "Adoption-adjusted Market Caps".

You can see how pitiful the altcoins are.

Edit: your investment money is being siphoned off into the pockets of the insiders of these coins. None of it is achieving any significant adoption.
1008  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH BUBBLE IS OVER BTC BEING TAKEN OUT OF POLONIEX on: April 10, 2016, 04:41:19 PM
Investopedia 101

Seems like Ethereum is on her period

It´s still priced at almost 700 million dollars. That´s some serious money.

ETH still got a very solid marketcap and volume in crypto standards

Market cap is not a measure of anything real such as liquidity because for example if just 1% of the supply of Dash was sold it would cause the price to drop 99% whereas only 20% for Monero.

Market cap is not even a measure of how much has been invested in the coin. For example, I create 1 million tokens, then execute one transaction to buy 1 token from myself for $100. No one invested $100 million. Duh!

Much of the volume can be fake due to insiders buying from themselves to create pump of the price, which is especially likely (presumably always) in ICO and insta/premine coins (i.e. scams).

ETH is not even a hundredth of Bitcoin's market adoption:

I thus suggest an idea for a new metric for ranking altcoins.

Sqrt(M x H)

M = Mean transactions fees paid per unit time to decentralized proof-of-work miners
H = hash rate (normalized in electricity cost per hash to SHA256).

Using M = Sent avg. per hour, H = Hashrate (normalized):

Coin |Relative Adoption |Ratio |Adoption-adjusted Market Cap
1.Bitcoin6.5×10¹²1$6.4 billion
2.Namecoin8.6x10¹⁰1/76$85 million
3.Ethereum6.6x10¹⁰1/99$65 million
4.Litecoin1.3x10¹⁰1/500$13 million
5.Dash9.8x10⁹1/663$10 million
6.Blackcoin7.4x10⁸1/8784$0.7 million
7.Dogecoin6.1x10⁸1/10656$0.6 million
8.Auroracoin5.8x10⁶1/1120690$5,931

I edited the table above so readers can see the "Adoption-adjusted Market Caps".

You can see how pitiful the altcoins are.

Edit: your investment money is being siphoned off into the pockets of the insiders of these coins. None of it is achieving any significant adoption.
1009  Alternate cryptocurrencies / Altcoin Discussion / Re: Rimbit to start looking for Corporate Investors after 2 years solo on: April 10, 2016, 03:29:40 PM
I would give it 2 awards

1, Most Obvious Crypto Scam, 100% premine and sell it all on Idiegogo, profits to Mark Karlson
2, Most Deluded Supporters, think a cheap POS clone can beat BTC!
1010  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think of Rimbit? on: April 10, 2016, 03:27:18 PM
Scam.
1011  Alternate cryptocurrencies / Altcoin Discussion / Re: Lies Bagholders Tell Themselves. on: April 10, 2016, 03:24:03 PM
Altcoin bubble must be over, because this thread is coming back into vogue.
1012  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash: The Future Internet Of Money? on: April 10, 2016, 03:00:12 PM
(BTC, DASH, XMR and most likely a lot more cryptocurrencies out there)
fall under that "instamine" category.

Fucking liars.

Additionally BTC and XMR don't have a masternode scam to print DRK to hand to insiders who use their instamine to stake masternodes. It doesn't cost anything ongoing to have masternode. It is print-money-out-of-thin-air scam.

You Dash fuckers will never stop lying.
1013  Alternate cryptocurrencies / Altcoin Discussion / Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin? on: April 10, 2016, 01:48:19 PM
I've been taking more Oregano oil past 2 days or so. Up to 8 times per day. Today I was able to run 4.8 kms (2 times 2.4 kms first in noon tropical swelting heat, then in the evening tropical swamp heat) and did 200 pushups today. Yesterday evening I did barbell workout for my shoulders. I was able to sleep 6 hours last night then 3 hours this afternoon. Problem lately had been the inability to sleep more than 5 hours per night.

I feel I may be making some progress on my health. Still not where I need it to be (still have limitations and downtime due to this illness), but perhaps nearing a breakthrough. I hope!
1014  Alternate cryptocurrencies / Altcoin Discussion / Re: Alts dropping – Has it started? on: April 10, 2016, 01:37:48 PM
What can't go up any more, and was based on hot air, goes down.
1015  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash: The Future Internet Of Money? on: April 10, 2016, 01:36:42 PM
I see no reason to retort the nonsense that has come since my last post, since I had already retorted those points before.

The Dash insiders and pumpers are here to try to bury what was already explained upthread and in the other thread about the instamine.
1016  Alternate cryptocurrencies / Altcoin Discussion / Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin? on: April 10, 2016, 01:19:44 PM
Sharing a private message:

Quote from: myself
Subject: April 10: programming language research update

First read this (and following the links) to get an inkling that I know about programming language design. I was doing a lot of research on PLD before I got into researching crypto-currencies in 2013.

https://bitcointalk.org/index.php?topic=1219023.msg14488687#msg14488687

The main reason I am considering a different language for Apps is because Javascript is a really horrible low-level language, i.e. when manipulating data structures that are to be efficiently stored in memory and/or disk. And huge performance penalties for the garbage collection, lack of pointers, etc.. This is really important for games or any low-level code such as the crypto-currency wallets and server code. Although C/C++ code can be compiled to ASM.js Javascript with Emscripten (which is very near to the speed of native compiled code), C++ is a fugly complex legacy monstrosity nor does it have the features I'd like to see below. First-class lambda's in C++? Mixing C and Javascript code achieves the best of no worlds and is an inelegant, non-unified mashup.

One thing I really like about the latest ECMAScript is the coming support for generators and Promises, which enables writing really elegant asynchronous concurrency code, which I frankly think is superior for scaling concurrency (e.g. 1000s of requests to a web server for Node.js or even multiple concurrent operations on a client fetching data over the internet) than multi-threading because it avoids both the overhead of threads and the race conditions of re-entrant code. Reusable thread pools still have their role, e.g. even on Node.js. Unfortunately I know of no modern statically typed language that supports generators and Promises as a language construct, although I think the Akka library for Scaling accomplishes some of the same goals, perhaps less elegantly (will need to study more).

I really want drive towards my idea for maximum modularity and extensibility without refactoring (as I had explained last year on the Scaling google group) to remove the anti-pattern subclassing (or at least virtual inheritance) entirely and keep only subtyping of unions and intersections. By imploring separately implementable interfaces:

http://doc.rust-lang.org/book/traits.html  (Notice how HasArea can be implemented separately from Circle and Square)

And automating in the compiler the union and intersection of trail implementations (something Rust doesn't do, because it doesn't have first-class unions and intersections).

Ceylon has first-class union and intersections (even Haskell does not because it messes up global type inference), but apparently doesn't allow interfaces to implemented separately from the class they operate on:

http://ceylon-lang.org/documentation/1.2/tour/inheritance/ (notice the "satisfies interfacename" on the class declarations)

Conceptually I like Rust's memory deallocation model which avoids the need for garbage collection in many scenarios with just slightly more cognitive load on the programmer (although no experience with it in practice yet):

http://doc.rust-lang.org/book/ownership.html
http://doc.rust-lang.org/book/references-and-borrowing.html

Note the comments on Apple's new Swift language by the creator of Rust:

http://graydon2.dreamwidth.org/5785.html

Btw, Go sucks as a replacement for C++ templates and anyone using that doesn't understand well modern Generics programming language design, which includes Ethereum:

https://en.wikipedia.org/wiki/Go_%28programming_language%29#Notable_users
http://yager.io/programming/go.html
http://jozefg.bitbucket.org/posts/2013-08-23-leaving-go.html

Also the marriage of a GC with what is intended to be a low-level systems programming language seems to be a mismatch:

http://jaredforsyth.com/2014/03/22/rust-vs-go/

So the conclusion thus far is there is no language on earth that meets my requirements. If I wanted to take a baby-step with the least effort, perhaps adopting Rust or writing a lexer translator (no AST parser, if possible) from my designed minimal syntax that is supported by Rust. Then later adding first-class unions and intersections either to Rust or a new dedicated compiler.

One problem is Rust doesn't output Javascript, so no way to interopt with Node.js on the server-side (for the server code we need, not for Apps). So it would require writing new libraries to provide similar functionality (which may already exist). The ARM support for Rust is not fully mature:

http://doc.rust-lang.org/book/getting-started.html

Forget JVM languages because the numerical stack and lack of precisely sized (and unsigned!) data types is a pita!

Edit: appears that Rust doesn't offer variance annotations on type polymorphism parameters (aka generics), unless it is detecting the variance from usage and enforcing the inability of a type polymorphism parameter to be simultaneous more than one of invariant, covariant, and contravariant; and such detection would be impossible for traits since they are multiple implemented.

Edit#2: Rust doesn't need variance annotations because it has virtually no subtyping nor apparently subclassing. The absence of first-class unions and intersections means we can't construct subtypes orthogonal to subclasses.
1017  Alternate cryptocurrencies / Altcoin Discussion / Re: Why the darkcoin/dash instamine matters on: April 10, 2016, 12:36:26 PM
Did you pull those numbers from the second or third shelf of your ass?

Evan hasn't disclosed the precise numbers, but has already made official statements indicating he knows the numbers as I explained upthread when I analyzed his latest official explanation.

We have very strong evidence to believe the Dash insiders have an order-of-magnitude times more percentage of the money supply than Satoshi, and worse yet an ongoing scam to print more coins for themselves.

DDD (aka 3D) is a new communicable disease, Dash Dalmation Deathstar. Just purchase some DRK and pump it publicly to become an accomplice.



(BTC, DASH, XMR and most likely a lot more cryptocurrencies out there)
fall under that "instamine" category.

Fucking liars.

Additionally BTC and XMR don't have a masternode scam to print DRK to hand to insiders who use their instamine to stake masternodes. It doesn't cost anything ongoing to have masternode. It is print-money-out-of-thin-air scam.

You Dash fuckers will never stop lying.
1018  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash: The Future Internet Of Money? on: April 10, 2016, 12:31:56 PM
Did you pull those numbers from the second or third shelf of your ass?

Evan hasn't disclosed the precise numbers, but has already made official statements indicating he knows the numbers as I explained upthread when I analyzed his latest official explanation.

We have very strong evidence to believe the Dash insiders have an order-of-magnitude times more percentage of the money supply than Satoshi, and worse yet an ongoing scam to print more coins for themselves.

DDD (aka 3D) is a new communicable disease, Dash Dalmation Deathstar. Just purchase some DRK and pump it publicly to become an accomplice.
1019  Alternate cryptocurrencies / Altcoin Discussion / Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin? on: April 10, 2016, 12:27:29 PM
Brendan Eich better stick with his core competency of the programming language Javascript.

I see Rust ended up removing the Typestate system that Brendan was raving about, for the reasons I had stated and thus predicted.
1020  Alternate cryptocurrencies / Altcoin Discussion / Re: Ad-blocking dilemma is solved by cryptocurrency. on: April 10, 2016, 12:24:51 PM
Brendan Eich better stick with his core competency of the programming language Javascript.

I see Rust ended up removing the Typestate system that Brendan was raving about, for the reasons I had stated and thus predicted.
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