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1421  Bitcoin / Bitcoin Discussion / BlockChain = new twitter tech on: June 29, 2014, 02:06:12 PM
say you have a "fast" coin that doesn't really care as much about forks, and orphans, because its not primarily about a coin, but a distributed publishing service, with the right front end, eg essentially a nice gui block explorer would this be somewhat of a competitor to twitter?

I mean you look at the blockchain and messages are put in and its sort of like a twitter feed if you wanted it to be.



1422  Bitcoin / Bitcoin Discussion / Re: US Marshall's Bitcoin Auction Results on: June 28, 2014, 03:31:35 PM
[1] bad passwords are easy to crack...don't use less than 100 characters or equivalent on the first level on encryption and a few other tricks.

[2] They only tell us they have the other coins





1423  Alternate cryptocurrencies / Altcoin Discussion / Re: [NEM] Logo Community Voting on: June 28, 2014, 07:25:14 AM
The Tomome is conceptually good but something is off in the execution.

The thin slivers around the edge or something about the program used to make the curve looks off.

the way apple does IOS is super flat design is a good indicator. The Tomome tries to be super flat but its not some how, and ends up looking like a 12 year olds ms paint.

The way the cube combines the letters is quite smart and probably subconscious, it also makes you look at it to see how it fits together, because humans are puzzle solvers

Further the CUBE logo has three different but coherent presentations which builds a sigil effect. None of the others integrate with the words or suggest type face of NEM.

The Cube offers a complete package and design language with which the rest of the nem effort can use as a guide.

Also I don't need and explanation about the Cube, it tells me what it is even in the logo N + E + M. The tomone requires a blurb of text to justify it.

For this reason the cube is currently better on multiple fronts, and the more I look the better the cube is.

I don't think a cube represents the non-hierarchical ideals of NEM.

I agree with you about the balance of the original tomoe logo, so I made some changes:





I would encourage people interested in the logo design to join the logo committee. It is up to the logo committee to try to provide some guidance for the design of NEM. The tomoe logo is still a work in progress and we don't have any new design from Loi, so I don't think holding a vote now is the best time.

Please join the logo committee on trello if interested (PM me with your trello username if you need to be added to the board or something):
https://trello.com/c/JhDuvPYf/66-logo-contest-2-phase-of-narrowing-down


That is some what better, but if I could say this ,the tomome is used in quite a lot of places in some cultures as you have pointed out and is no unique to nem.

You have now slapped the tomome on to the last letter of the nem and ended up with a rounded curve not a the same as the other lettering so broken the visual language, its sort of shoe horned in.

further the N + E + M concept is not there or something equivalent.

I'm not trying to put your design down in anyway, rather it just does not seem to offer the unified visual language or the be su de novo / sui generis , to nem, and thus differentiated from everything else.

You might have a better design in you, but the tomome as it is does not appear to tick all the boxes the cube does

Also I like the way the cube sort of looks like it is floating, and popped out of the page, I saw this first some where else and it caught my eye.
1424  Alternate cryptocurrencies / Altcoin Discussion / Re: darkota: scammer, little man or what? on: June 27, 2014, 11:37:21 PM
no no its ok the fact that darkota deletes and we then alert the forum, actually does us a fovour as it is a good indicator of what the good arguments are!

I advocate the free congress of ideas, and you are free to counter post as I did when my LTC comment was deleted.
1425  Alternate cryptocurrencies / Altcoin Discussion / Re: New Ixcoin fork -> I0coin on: June 27, 2014, 11:35:33 PM
3 times dead and still going means it likely unkillable.

met 80 PTH v 10 PTH at that point who cares?
1426  Alternate cryptocurrencies / Altcoin Discussion / Re: [NEM] Logo Community Voting on: June 27, 2014, 11:26:44 PM
The Tomome is conceptually good but something is off in the execution.

The thin slivers around the edge or something about the program used to make the curve looks off.

the way apple does IOS is super flat design is a good indicator. The Tomome tries to be super flat but its not some how, and ends up looking like a 12 year olds ms paint.

The way the cube combines the letters is quite smart and probably subconscious, it also makes you look at it to see how it fits together, because humans are puzzle solvers

Further the CUBE logo has three different but coherent presentations which builds a sigil effect. None of the others integrate with the words or suggest type face of NEM.

The Cube offers a complete package and design language with which the rest of the nem effort can use as a guide.

Also I don't need and explanation about the Cube, it tells me what it is even in the logo N + E + M. The tomone requires a blurb of text to justify it.

For this reason the cube is currently better on multiple fronts, and the more I look the better the cube is.
1427  Alternate cryptocurrencies / Altcoin Discussion / Re: New Ixcoin fork -> I0coin on: June 27, 2014, 09:49:36 PM
this coin will overtake ixcoin as it has all the benefits none of the premine


How is the overtake prediction working out for you guys?

The i0Coin devs forgot to embed special hidden Aramaic meanings.  lol, that's iXcoin's real secret weapon.

 
Edit:  i0Coin doesn't even have a block explorer?  Sad.

well its attracted Vlad to comment!

More seriously though it offers all the benefits of IXC with none of the negatives.
1428  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin Is NOT Dead (It Is Just Dying A Slow Death) on: June 27, 2014, 09:48:03 PM


Do you have an exit strategy for Litecoin, in case it goes against your expectations? It has been in a downtrend for over 6 months now. At what point (time point or price point) would you sell your LTCs? Suppose, it keeps going down to $5, $3, $1? Would you sell then? Because you pose yourself as a serious investor/miner per your own words, you should have an exit strategy of some sort. Could you share it?


My "exit" strategy is to hold long. A very large majority of the LTC I have was acquired when they were worth pennies each, so like a few other long timers here even $2.00 it still represents a huge profit.

The way I look at it is, if I acquired or mined LTC when it was only bringing in $2.50 for a whole block back then and if LTC drops to $2.00 today it is still worth $100 a block, I'm still in the profit at $97.50 a block.

But considering it is worth about $450 per block at the moment, I'm still up an average of $447 per block and I can assure you I still has me a "few" blocks LOL

Strategy is very long, I'm not selling. It will comeback.


~BCX~

Cryptos within 10 years will probably be worth $1 trillion.  $2 trillion investment gold, $500 billion global remittance (cryptos do it better), $20 trillion retirement / savings accounts (cryptos do better), $97 trillion investments, $400 trillion derivatives (coins like NxT have asset exchanges and even their own derivatives now).  

Dot come bubble was $7 trillion in late 1990s.  

Reality is all coins would benefit if cryptos hit $1 trillion.  Maybe BTC (or other coin) might be worth $700 billion, but something like LTC could be $200 billion and then many alts worth $10 - $50 billion.  LTC could hit $5K - $10K per LTC in future.


Cryptos is still relatively new.  Look at the Government attention on Cryptos and yet it's only $10 billion industry...  Madoff's scam (which consisted of scamming bankers and rich New Yorkers) was over $60 billion.  Bitcoin is this small fly on the wall and yet look at governments who are currently revising their tax codes because THEY KNOW crypto currencies will be huge in the future. 

Bitcoin has less capitalization than Drop Box but you don't see Government harassing Drop Box.



I agree with all of this well put.

The Govs reaction to crypto's is way beyond any other software I can recall, eg word/windows/linux other software...ho hum.

a mere 10B market cap and every single gov has to get serious.

On issue is though this is not market cap buy buying power. Drop box/Microsoft can spend its whole value and has to earn it back. BTC does not. The BTC "market cap: represents buy power that's always there.
1429  Alternate cryptocurrencies / Altcoin Discussion / Alt coins seems to be the largest board on BTCTALK and only getting bigger on: June 27, 2014, 03:02:57 AM
over time it seems BTC talk will be dominated by alt coins.....as far as volume of posts go......quite interesting.
1430  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin Is NOT Dead (It Is Just Dying A Slow Death) on: June 26, 2014, 11:26:16 PM
Ltc has issues since asics....

what is its use case v btc.

The only possible argument is it may have a better distribution that BTC, because of GPU's.....and perhaps algo back up.

Beyond that....what.


This is why I hold peercoin as well, it has a clear use case that no other coin has even attempted. Its sort of like trying to explain crypto to fiats, explaining peercoin to BTC/Alts. The problem is most people can't get thier head around where the real money is in the economy and its not in retail that most clamor for.....eg my Amazon/ebay/paypal


That said I still cant bring myself to part with a single LTC.
1431  Bitcoin / Bitcoin Discussion / BTC is used all the time even if you hodl. on: June 26, 2014, 05:06:26 AM
When you Hodl you are effectively loan out the amount equivalent in FIAT that that BTC represents to the market cap, and thus others to do things with that capital [the amount maybe  the amount you acquired the BTC for]. Either way it is incorrect to say that not spending BTC is not Using BTC.
1432  Bitcoin / Bitcoin Discussion / Re: Do you sometimes think Bitcoin will fail? on: June 26, 2014, 04:58:18 AM
If you can appreciate that magnitude of the break through that BTC is, no.

BTC has nothing even close to like it in recorded history. For the first time you have unseazble wealth.

BTC is a new way you can reorder humanity and the world, that simply was not available before in any shape or from.

Did email fail? No, the interface merely changed.

The Concept of bitcoin will not fail, eg viable cryptos, even if BTC did itself.

BTC itself can fork, so it can adopt anything it needs to.
1433  Bitcoin / Bitcoin Discussion / Re: Why is it so hard to regulate Bitcoin? on: June 26, 2014, 04:54:05 AM
[1] who exactly do you regulate?

[2] if you try an make bad regulation, bitcoin allow capital flight to more bitcoin friendly jurisdictions, so bad regulation gets economically punished.

when btc gets to a 100 Billion ~ 1T cap, somewhere in there it will become irritable to gov to be come pro BTC as they will be able to attract 100's of billions in investment etc.

Also remember BTC is not like micros ft that say has 100 Billion in cash, once Microsoft spends that cash, its gone, it has to earn more. BTC is 100 Billion/Market cap buying power always.

1434  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet on: June 23, 2014, 09:19:00 PM
is there some sost of time limit within which to convert the colored maidsafe coins to safe coins or whichever it is?
1435  Bitcoin / Bitcoin Discussion / Re: Jeff Garzik's Bitcoin Balance Revealed on: June 23, 2014, 04:14:33 AM
this say nothing about JG selling the 20K BTC at the aths, or how many were sold on the way.

You could legitimately claim to hold 348BtC and have made killing on the way to that.
1436  Bitcoin / Bitcoin Discussion / Re: Overstock CEO Calls Bitcoin Code "Slop" on: June 23, 2014, 04:02:59 AM
20 gigs is not that much any more...but still quite a bit.....this is really quite scary.....

I used a mac se 30 circa 1989 and and lived happily with 20 megs and heard of a mythical 1 gig HD that blew my mind at the time
1437  Alternate cryptocurrencies / Altcoin Discussion / Litecoin is officially dead -- what darkota deleted from that thread on: June 23, 2014, 03:27:52 AM
darkota deleted my comment below about LTC, which reassures me that my comments were valid and the thread is FUD



Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
wogtami is a top class dev.

the coin has top dev team

thats enough to make me hold LTC atm
1438  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Moderated Thread [Updates & Discussion][Civilized Discussion] on: June 18, 2014, 09:55:27 PM
Hi I have a stake in NEM but have not "claimed" it nor have I traded it on the NXT AE.

How do you do all of this....

Can an easy on point thread be made for this?
1439  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT WHY ALL THE HATE on: June 18, 2014, 11:51:35 AM
NXT is good, except for the initial distribution.

I would like to see a NXT alternative with a better distribution.

Distribution will always be a problem whatever coin we are talking about:
- POW coins: unfair for non-miners
- POS coins: unfair for low holding accounts
- IPO coins: unfair for non-IPO members
- Distributed for free: unfair for people who didn't see the thread

So, if distribution will always be a problem... is it a problem at all?

The IPO for NXT was running for more than 1 month, plenty could of invested but they chose to keep their BTC's. Even if a million people would of invested in the IPO, you would have the other 7 billion people in the planet calling it "unfair".

More info on distribution:
http://nxtcoin.blogspot.fr/2014/01/nxt-myths-2-very-fair-distribution-of.html

this is a hard argument, in some ways, I mean a lot of people simply have not heard of crypto's or have not groked what they are about, when btc hits the $100K  / $1 Mill they could make the same argument to some extent. Having said that NXT thread did end ipo early that was suspect. Also As I have mentioned before some one gave out a pre NXT version.

The thread went like this.

Hey I can do this in java, check the link

I downloaded it and ran it and it was essentially NXT.

then the person said, meh I don't see the point and diapeared.

It in this forum somewhere around june/july 2013.
1440  Bitcoin / Bitcoin Discussion / Apple, Google, Yahoo, etc. on: June 16, 2014, 05:52:58 AM

It seems likely Apple, Google and Yahoo have done their sums/due diligence and realised there is nothing they can launch that can compete with BTC. Why?  essentially BTC tech forces you to relinquish control if you are to be trusted. This is antithetical to old corporations system, where State prescribed corporations redistribute profits to shareholders for good organization of capital (not inherently wrong, just not as efficient as it could be). The DAC/BTC model cuts out a lot of the centralized corp structure and lets people join ad hoc or leave. Imagine for a moment that to make money Apple had to give its patents away.

Even if they built a hash farm to take over all they would have is a worthless coins as every forks or uses an algo resistant to their farms tech.


It's the nature of the break though of the byzantie generals problem that basically makes old style 19th/20th centry corps model reduced. This becomes even more compelling with the multisig for contracts etc.

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