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I never liked DOGE and I was thinking that there is no use for it, but if you think about it a bit more, you'll realize that it can be one of the fun sides of crypto. Maybe some day petrol could be traded with Bitcoin (just an example), but it would never happen with the DOGE... not in a million years. But you can make a lot of money by making people laugh. Ask 9GAG, FailArmy and such if you don't believe me.
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buy silver
That's actually not a bad advice. The price of silver has been in decline for several years and there is a good chance for a 25% short term profit (in 6 to 12 months). |
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You have been the leading force in pushing FailCoin forward for quite some time now spartak_t!
I think integrating OP_CHECKLOCKTIMEVERIFY is a good set forward, all-in-all I am very excited for the future of FAIL.
Ah, snap. Forgot to quote the original msg in the thread, but fixed it. Adam, no need to use nicknames, buddy, you know my name.  Indeed our next fork should be worthwhile, but we must think twice on every feature before we decide to implement it. I hope that this will be our 2nd and last hard fork. Sadly, there is no other (easier) way. I haven't discussed that with you and the other members, because there is still time. We can arrange another slack meeting once Panoch is ready and explain the "tech side of the new features". Then we can discuss what to use and what not. Leading force? I am nothing without you!   See ya, Spartak |
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Hi @spartak i just covered 52 days for FAIL BE hosting to cover the overdue and a few extra paid days now its up to the rest of the FAIL-ers to keep it running. Cheers Thanks bud! Will make up with to you as soon as I can. I must say that personally I'm disappointed from the people who were late for the swap and still received significant amount of coins, without asking them to prove ownership. Still see some of them online, but none of them even tried to participate in discussion or anything for that matter. There is one thing, which I want to say to these people: I'm sorry that we are not Monero with $40Mn in trade volume and a $8.60 price per coin. Ride the waves and forget anything else. And when the time comes, please feel free to dump your "worthless" FAIL. We are fine with that. Cheers, Spartak |
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Simple question, if you had $50,000 how would you invest it to make your biggest return?
XMR, but if you would do it 7 days ago you would already have $150k Yeah, and if he did it a year ago he would have $750k. What kind of advice is this? |
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Hello, Unfortunately, we must perform a hard fork on FailCoin in order to use some of the latest tech... Some of the explanations on the hard fork could be found here: https://bitcointalk.org/index.php?topic=1014145.msg16065613#msg16065613The reason for creating this thread is because I am looking for suggestions and there is no need to bump the ANN. We are going to use the latest BlackCoin source as our ground, but we are going to change some things (such as the PoS interest, which should be fixed @ 3%/year). You can help us to make our next release worthwhile. Thanks, Spartak Hello, I've had another conversation with our Lead developer Panoch, who is leaving to China tomorrow to attend a conference. We have discussed our latest release and it seems that it would be really worthwhile. FAIL is going to use the latest BlackCoin tech, which means that currently Panoch is porting FAIL base to v. PoS 3.0. The issue with our new (still not released) 64-bit wallet should be considered as resolved. What to expect? - A hard fork
 - FailCoin is going to use the latest QT 5.7 (released 16-Jun-2016), with our own unique features
- OP_CHECKLOCKTIMEVERIFY (BIP65)
- Improved synchronization
- PoS only, with fixed 3% interest (though its not a final decision)
I'll have more "tech explanations" once Panoch is back from China (4-September) and continue to work, but as I already said - we are going to use the latest BC tech (though we are going to change some things). Unfortunately, there is no way to avoid the hard fork and I hope it will be our last one. We will give enough time (2-3 months (we accept suggestions)) for everyone to upgrade before the hard fork kicks in. There will be no reimbursements once the targeted block is reached. FAIL team will be engaged in the development process, once we make sure that everything is working. You can see that we are not promoting the coin and we will keep this policy, until we have the solid grounds, which the new tech will provide. Thank you for those who are keeping the network alive. I am watching the hashrate every single day and it varies between 8 and 15 MH. I know its not much, but its still better than 1.58... We are still trying to create a new FailCommunity logo (though no new attempts were made since Isaac is currently in the Netherlands and he's busy studying). The discussion thread about the logo is located here: https://bitcointalk.org/index.php?topic=1555342.0FAIL is 40 days behind with the payment for the CryptoID's block exporer. Only one (0.005 BTC) donation was made. I have already said that I don't have the money to pay, nor I will ask any of our team members to do it. If you want to help - THANKS, if not - the block explorer will be eventually taken down and I'll pay the grace period to fairglu (thanks, bud, really) in a later future. https://chainz.cryptoid.info/fail/Hosting address: 1BBhk24CBNZqixmcrgJMg9pdqtHHNdhiwS Kind regards, Spartak Tomanov |
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Hello, I've had another conversation with our Lead developer Panoch, who is leaving to China tomorrow to attend a conference. We have discussed our latest release and it seems that it would be really worthwhile. FAIL is going to use the latest BlackCoin tech, which means that currently Panoch is porting FAIL base to v. PoS 3.0. The issue with our new (still not released) 64-bit wallet should be considered as resolved. What to expect? - A hard fork
- FailCoin is going to use the latest QT 5.7 (released 16-Jun-2016), with our own unique features
- OP_CHECKLOCKTIMEVERIFY (BIP65)
- Improved synchronization
- PoS only, with fixed 3% interest (though its not a final decision)
I'll have more "tech explanations" once Panoch is back from China (4-September) and continue to work, but as I already said - we are going to use the latest BC tech (though we are going to change some things). Unfortunately, there is no way to avoid the hard fork and I hope it will be our last one. We will give enough time (2-3 months (we accept suggestions)) for everyone to upgrade before the hard fork kicks in. There will be no reimbursements once the targeted block is reached. FAIL team will be engaged in the development process, once we make sure that everything is working. You can see that we are not promoting the coin and we will keep this policy, until we have the solid grounds, which the new tech will provide. Thank you for those who are keeping the network alive. I am watching the hashrate every single day and it varies between 8 and 15 MH. I know its not much, but its still better than 1.58... We are still trying to create a new FailCommunity logo (though no new attempts were made since Isaac is currently in the Netherlands and he's busy studying). The discussion thread about the logo is located here: https://bitcointalk.org/index.php?topic=1555342.0FAIL is 40 days behind with the payment for the CryptoID's block exporer. Only one (0.005 BTC) donation was made. I have already said that I don't have the money to pay, nor I will ask any of our team members to do it. If you want to help - THANKS, if not - the block explorer will be eventually taken down and I'll pay the grace period to fairglu (thanks, bud, really) in a later future. https://chainz.cryptoid.info/fail/Hosting address: 1BBhk24CBNZqixmcrgJMg9pdqtHHNdhiwS Kind regards, Spartak Tomanov |
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There is no information on how they are planning to distribute it though. Only e-mail for contact is available.
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I'm not sure if its safe to say that Monero "won" the "race". Dash is already a "winner", making few people rich. Can't exactly recall, but over 1.5Mn DASH were premined in the first 10-12 hours from the launch, so...
XMR on the other hand is heavily pumped in the past week and I don't think that this would last for too long. Don't know almost anything about Aeon, but comparing it with dem both is not serious imho.
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Don't buy promises, roadmaps and whitepapers, buy the project's usage!
Wrong, buying the hype turned out to be the most profitable way out there  Sure. You also have a better chance to get rich quicker by enslaving few Eastern european girls and force them into prostitution, than working in a fish plant. |
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Rimbit has done something meaningful.
They've built a functional social media platform and have a community.
Is that worth $1M? Maybe. Steemit got evaluated to $330M.
The premine is always reason for a redflag. But it has not been dumped in 2 years, so the custodian has demonstrated good faith.
In general bitcointalk has a strong disdain for the premines, but this is pure hypocrisy when you look at all the ICO hype ... ETH much?, got XRP?, waves, lsk, NXT, etc. Nevermind garbage like Swiscoin.
I still urge caution but Rimbit is not a bad product in my opinion if it can continue to build and improve it's social media platform.
$390Mn |
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Not larger, better. There are ways to create a PoS cryptocurrency with fair interest and supply, which can match (for example) to mined bitcoins per year.
Maybe when you own some and just hold it, but how will people get that supply if they don't purchase some? That's pretty scammy (ponzi'ish) to me I would say... and yet at the same time, not even remotely close security wise compared to a PoW algorithm. It sounds good to you on paper when you worry about collecting interest like a bank, but the whole point of cryptocurrencies is to get away from a "banking" like system and to create a decentralized currency that (theoretically) anyone can get by running nodes and mining, while also making it secure and decentralized. Now in my mind, ASIC resistance is the way to go... but could be wrong. The thread is not about current pros and cons of PoW and PoS. Of course that you have to purchase some in order to take the interest. What matters here is how this interest will be distributed (i.e. currently PoS is making rich richer) between stakeholders. The whole point of cryptocurrencies is to compete with fiat (i.e. to show it is the better way), which means that they are competing with the banks. As far as I know there is nothing decentralized at the moment and that is why I started this thread. I'm not sure if it will be ever achieved. |
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Bitcoin is not controlled by the chinese. The chinese still have to come into agreements with the devs, the merchants and the node runners.
Also in the future we will have other countries competing against china.
I am waiting the release of a 100% non chinese competitive miner... I hope it will happen one day. Maybe an Intel, Nvidia, Amd or what ever new brand who takes the challenge and bring a little bit more competition to the chinese manufacturers. That's like to expect a 5-year old child to take the heavyweight title from the 80's Mike Tyson. |
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Why do you think that PoS is a scam? I believe that in some time a better way of distribution would be found. I'd like to compare it with bank interest (when you deposit some money).
And why you disagree? I have been told that banks are sometimes using a 50-year old code. If Bitcoin (for example) becomes a larger threat to the banks (or whatever), they will just enforce laws and create their own. With that said, I'm not sure if its good cryptocurrencies to have a better adoption, because it could be the beginning of their end (as we know it). Don't get me wrong, I'm just trying to be realistic here.
PoS would create a "larger distribution of coins"? Not in the slightest. First of all, cryptographically it is just unsecure to not have a PoW algorithm. Someone would have to be insanely determined and have a ton of computing power on his side if that person wanted to do something malicious. And secondly it wouldn't creat a larger distribution of coins over time. People would just keep it in their wallets and not use the currency at all and just let it grow over time. That's not how a currency should work, at least in my mind it shouldn't. Not larger, better. There are ways to create a PoS cryptocurrency with fair interest and supply, which can match (for example) to mined bitcoins per year. |
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This sounds very ambitious, but there are only few demo's shown and the whitepaper (from what I've read so far) does not provide information on how they will deliver the technology.
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@dballing
Do you realize what that means? It means that you will able to mine like $450-$600 worth of Litecoin/day with ASICs worth $3500-$4000 (the price would be much lower for the chinese miners). That would never happen, no matter what is the market's purchase power. Maybe in 3 years, when is the next halving and if there are more ASICs + increased (a lot) diff...
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Looks like winter is a female. Btw, as some other people pointed, ranking here doesn't mean s*it nowadays. And I'm not sure that this single reply by winter gives enough proofs that she/he was trying to take advantage, or scam somebody. Just wrote her/him a PM. |
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entire thing was a manipulated scam...stay clear and await the clones.
...says the guy who was caught on outright lie about Iota. It's that famous cryptohunter whose retardation* was highlighted in a video about Iota donation. --- * - medical case, not an insult Hahahahahaha! Troll level: Master.  |
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I haven't heard about Chandler Guo, until he threatened ETC with a 51% attack. Don't remember the exact hashrate, but I think it was 90 GH (I am talking about his personal hashrate). The ETC's hashrate was less than 200 GH at the time. When I saw his tweet, I did some research on him. I've noticed that he is following our Twitter account (controlled by me) so I followed him back (which I'm usually not doing, since its not the fair way to increase your followers). The guy has indeed some really nice equipments and I think its safe to say that he is probably one of the biggest whales which are supporting the Classic Ethereum.
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My take is that Facebook will suffer the same fate as AOL This will not be from another proprietary social networking provider, or from a crypto currency specific network such a Steem. It will be from an open protocol that will allow users to choose their own social networking provider and software much as is the case today with email, web browsing, SMS etc. Such questions as payment for content by whom and to whom, and with what form of money will be addressed by the individual providers, their contributors, and their viewers much as is the case for example with web hosting today. No way. Maybe Facebook could be replaced by something else/better, but it will be again under control by the authorities. I created a thread called "Decentralisation is a dream" were I said that even the air is centralized. I'd like to think I am a anarchist, but we also must be realistic. |
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