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Very interesting story. Not many posts that long worth reading but this one is.
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I find it amazing people don't just dump every LTC they have. What is the reasoning it will stick around? Go read about the next 20 altcoins and each one will have far more innovation and features than LTC.
Starting with the top you have Bitshares.
10 second block times.
Soon to be released features that give it same functionality as Ripple with the User-Issued Assets.
Market pegged assets. (BTC38 - a well known Chinese exchange is allowing people to deposit CNY with bitCNY - woah thats HUGE)
Blockchain inflates at a rate less than BTC mining while spending all that capital on marketing and development for the network as opposed to giving it to electricity and mining hardware companies.
Operates on a small fraction of the power consumption that LTC and BTC do.
Will scale to transaction levels higher than BTC.
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Bitcoin may be a failure and thats why I would divest at least part of my BTC in Bitshares and maybe a little bit in NXT.
The energy consumption required by Bitcoin as the market price grows up is like some weird dark comedy. Ok, lets overthrow the bad oppressor money people with a plan whose success means gobbling up tons of power until the block production rate is small enough relative to the market cap.
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This looks to be a coin of real value. Hola mister Bitshares forker.
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This bytemaster character is very interesting. 10 second block times, a chain that is so efficient they are hiring with it, and then stable currencies. Lets put him on the list.
website is bitshares.org or bitsharestalk.org
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NXT got what they deserved on dealing with bluemeanie. If they weren't so obessed with their own greed they would have seen what he is by how he presented himself outside the NXT community.
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develop first, then when stakes are finally sold you release white paper? How is that supposed to work ?
There is no reason to think the dev team is in a league of their own when they're all anonymous. What previous projects did they work on?
The release does little for me if the innovation is tied into POI which still has not been explained. White papers aren't that hard, they don't need to be thoroughly researched. You just present your idea in a well thought out paper. Why code it all up first ? "Someone will steal the idea" ?
I am highly skeptical POI will work without a real life identity tied into this importance metric.
the white paper could not have been written prior to stake registration as the code hadnt even been written.. people signed up for a trivial fee of between free and 700 nxt.. that was back in febuary time.. and stakes wernt sold. there were no stakes at that point. there was nothing. people signed up to the movement for trivial fees and it was done then to give everyone a fair chance at signing up regardless of how much money they had. also it was supposed to be a clone so fewer people bothered to create sock puppets. imagine how many sock accounts would have signed up now if they knew stakes were worth near 1000 dollars? I understand. It is hard to tell who is whose sock puppets. The main guy got caught with sock puppets and claimed he had burned the passwords so would be unable to grab the funds. (lool, right?)
The other guy was just giving out random stakes to new accounts on accident <cough>. This should have been caught after a couple of scam attempts, but it actually took a thirdy party to do it. So AFAIK #2 guy was giving out stakes to his own socket puppets.
So #1 and #2 were dirty. well.. actually.. yes there is.. they have released cutting edge tech thats insane stable and far beyond what most other coins have months after they have launch. as for previous projects, many of them worked on the nxt source code finding bugs(and found many) including the injected flaws afaik. but a lack of previous projects is no way to determine the quality of the developers. especially in this environment. You claimed they are in a league of their own. If they are anonymous then the only metric we have is what they worked on previouslythey didnt do the white paper first because many things were going to, and have, changed a long the way. what ever they would have put on the white paper back then would probably not be accurate to what is released now. and not to mention they had no intention of coercing people into investing as people were not investing. a trivial fee of a couple nxt is not investing. people signed up "just in case" and it payed off big time. White papers are often outdated by implementation time but that doesn't say anything for their value. When you lay it out there you let other great minds critique your approach before it has been worked on. They're doing it completely backwards and the absolute farthest thing from a 'league of their own' why would real identities be needed? poi is working and fully functional right now. you can test out the beta software. we are currently preparing a competition with a prize of 1 nem stake. so you can test poi all you like and see it working with out any real identification. (and i think you miss understand PoI if you think real ID is needed.) Without real identities you'll get sybil attacks. Having a coin network working doesn't mean much which is what you don't understand. It does nothing to comment on the viablity of whatever POI actually is, except to say someone has written code that they've named POI and hey it works for now!I'm not a FUDer, I'm just stating my opinions. If you're going to pump POI over POS, then we at least need a white paper. After everything I've seen I'm impress the market price on NEM is still so high. You guys have done a good job. Maybe it will be something new. |
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you should take a look at proof of importance. Its founded on the concept of pos and is as efficeint but the method by which people are chosen to forge blocks is vastly different. Those who are most important to the network are the most likely to forge apposed to who has the most coins. So a merchant that does thousands of transactions but little balance could end up with higher weighting than a hoarder with loads of coins. Its not just how many transactions that are factored in to decide importance but who the transactions are with and their importance, much like a web of trust.
this also plays into things like the asset exchange. with pos, scammers would be listed exactly the same as genuine vendors and therefore have a high chance of scamming, thus assets could not be listed and require users to know the asset ID.
with proof of importance, assets can be listed by importance score, as well as volume, importance gained from or history of past assets among other methods, merchants that do not meet the minimum requirement would not be listed until they meet the minimum requirement which vastly reduces the chances of scammers being listed. PoI will open many doors when it comes to online marketplaces/asset exchange that would not be possible with PoS.
I looked a few months ago and not a whitepaper was published from what I saw. POI seems quite likely to be sybil attacked. When you determine POI algorithmically then it can be gamed algorithmically. no whitepaper yet. i cant comment on the likely hood of nem by sybil attacked as i dont know the tech details havnt been released yet. but the dev team is in a league of its own.. nem is the only 2.0 coin so far thats stable bar nxt of course. crypti, exo, and all the rest are falling apart. if its been a while since you looked at it you should check out the latest beta release.. the pace of development is astounding. anyway the proof will be in the pudding. launch is soon so whitepaper and open sourcing shouldnt be long after. develop first, then when stakes are finally sold you release white paper? How is that supposed to work ? There is no reason to think the dev team is in a league of their own when they're all anonymous. What previous projects did they work on? The release does little for me if the innovation is tied into POI which still has not been explained. White papers aren't that hard, they don't need to be thoroughly researched. You just present your idea in a well thought out paper. Why code it all up first ? "Someone will steal the idea" ? I am highly skeptical POI will work without a real life identity tied into this importance metric. |
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you should take a look at proof of importance. Its founded on the concept of pos and is as efficeint but the method by which people are chosen to forge blocks is vastly different. Those who are most important to the network are the most likely to forge apposed to who has the most coins. So a merchant that does thousands of transactions but little balance could end up with higher weighting than a hoarder with loads of coins. Its not just how many transactions that are factored in to decide importance but who the transactions are with and their importance, much like a web of trust.
this also plays into things like the asset exchange. with pos, scammers would be listed exactly the same as genuine vendors and therefore have a high chance of scamming, thus assets could not be listed and require users to know the asset ID.
with proof of importance, assets can be listed by importance score, as well as volume, importance gained from or history of past assets among other methods, merchants that do not meet the minimum requirement would not be listed until they meet the minimum requirement which vastly reduces the chances of scammers being listed. PoI will open many doors when it comes to online marketplaces/asset exchange that would not be possible with PoS.
I looked a few months ago and not a whitepaper was published from what I saw. POI seems quite likely to be sybil attacked. When you determine POI algorithmically then it can be gamed algorithmically. |
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This is an interesting discussion. Is there software that uses transactions structured in such a way or is it more of a possible case that isn't really used ?
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I believe I understand what you mean by entity. I am fine with a private key representing multiple people. I was hoping someone had written software to readily do this on github etc.
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I have an academic exercise where I wish to group a number of addresses to a certain wallet. I have some transactions with multiple inputs. From there I want to find all the addresses that are shared as inputs on outputs. From here I assume I could gather a list of known addresses.
I know blockchain.info does this, but I want actual source code so I can change parameters etc.
Has anyone heard of such a thing.
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Huh what ?
This was moved to alternative cryptocurrencies because some software you use on the btc standard wallet can also be used on a alternative currency ?
Theymos has hired some real imbeciles it appears. Anyone with a bit of tech sense had better things to do with their time.
The result is a forum moderated like pure sheeeit.
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Pretty sure blockchain.info has a detailed taint analysis.
I need a way to do it myself and save the results stored in a repeatable fashion. I may also want it done on a coin that isn't necessarily BTC. |
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I have an interest in finding all the addresses controlled by one entity. What is the best software to do this through interacting with a wallet ?
For the source I have a list of several transactions that were large and had multiple inputs.
Then the software should take those inputs and find what other inputs were shared in transactions. This process is repeated until there are no more shared inputs.
Does this make sense? Does anyone know what would be some easy software to use to accomplish this?
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I am a little shocked that people can listen to the wackiness that comes out of his mouth and want to give him money.
He kind of reminds me of somebody who has a BA in Bitcoin. Somebody who is indeed kind of smart and knows just enough to talk about it and know many genuinely good facts and even sometimes have some good speculation, but that other times has a vision that and total comprehension of somebody who is totally off base. He needs to go to Bitcoin grad school, get a PhD in Bitcoin and come back.
He doesn't even organize his arguments in order the right way. An amateur mistake for sure.
It is so funny that he thinks that Satoshi's bitcoin is a total failure but that his creation is exactly what Satoshi wanted. BTW.... Satoshi = PhD
You didn't address anything he said that was actually wacky. You're far worse than anything you are accusing him of. If Satoshi=PHD, why did he make the blockreward function have steps of .5 which is going to completely disrupt bitcoin if not patched around. Satoshi did a lot of great things, but BTC is like the first version of software and has a lot of problems because of that. |
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FIMK is great. I love FIMK
What does FIMK do ? |
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Well, then several Ripple assets could also be added... As far as I get it, BitShares assets are just reflecting things outsides of BitShares in price, so while they might be capped, they in the end only depend on BitSharesX market caps and are nothing that exists on its own.
BitAssets are collateralized by Bitshares X, but the value depend on things "out of Bitshares X price" and not the market cap of Bitshares X. So you have a BitUSD, it will be worth the equivalent USD in BTSX. If BTSX goes up or down, then 1 BitUSD will still be worth $1 of BTSX. So in that regard the value is not dependent on the market cap of Bitshares X, except when measuring it terms of BTSX. That is true for EVERYTHING though. Anything bought/sold in BTSX would have its value dependent on marketcap of BTSX. The problem is that while the experiment is a grand one, it would not be fair to list these assets that are collateralized in BTSX on the front page. It would be double-dipping for lack of a better term. On the other hand, it would be of interest to users of coinmarketcap to know this information. Frankly I don't even think Ripple should be listed period. Somehow they just randomly change the # of coins and their marketcap goes up because of it ? How does that even work ? Would that work with other coins? I understand doubling/whatever the money supply, I just don't understand how that tripled the value of Ripple. |
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I would buy btsx but it's clearly a bubble. All this market manipulation doesn't help it's corse either
Some of the nxt supporters are really funny, you name your super slow 1 minute block time as "instant transactions", you are talking about "teleportation technology" in this "supernet" thing that an anonymous developer promised to deliver to you and you are more than happy to give him your money. At the same time you spread FUD about anything that is superior to your nxt and you feel it threatens you. You really look like all those monero spammers in the forum. In any case good luck with your "instant transactions", "teleportation technology", "supernet thing", "super duper wow something!!" thinking. Just curious, are you one of the 73 initial nxt "investors"? I've changed my vote after learning NXT now has a teleporter !!!!!!!!! |
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Innovation is a moving target. Bitshares X is hands down the most innovative currently, but that isn't to say NXT wasn't the most innovative before the release of BTSX.
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