For some reason people thought Litecoin's main selling point was to be asic resistant but asics weren't even around in 2011 when Litecoin was created.
if I recall it was supposed to be GPU resistant....that didn't quite work out....and have a well announced start, so better distro..... I think wogtami and friends perhaps are developing a trully asic resistant algo and will for to that........ Personally if the LTC can go back to GPU's I think this is the sweet spot of distro for POW, keeps the bots nets out, in the hands of the midtoracy and is harder to centralize. |
|
|
|
|
even if true, who knew people act in self interest, and its not like NXT did not cut's its IPO mysteriously short, so what the product is out and stands apart from that.
I add though UTF's error was not the sock puppet but the incompetence in not being able to manage the sock puppet account.
|
|
|
|
|
How effective are the LTC asics v gpu's are they going squeeze out GPU's completely (seems that way)
If so then LTC is down to,
broader user coin distribution (is this true or provable) then BTC
Top notch Dev, wgotami,
Coblee seems cool.
Good community.
a few boundary conditions changes (navier stokes eqns...look it up)
Is this enough to differenetiate it from BTC.
I hold both no pejoratives ITT.
It seems that a truly asic resistant algo is needed which wgotami and friends suggests is not yet available.
(hence this is why I hold so peercoin as well, to diversify from pow, and for its long term)
|
|
|
|
|
IO coin is what IXC could have been.
IO coin all the way'
|
|
|
|
POS has its own very serious problem:
Someone with a stake can spend it to mine any number of forks simultaneously.
so this is just merged mining, eg with IXC and others in BTC. No problem here. In contrast POW can only be created on alternatives if computing capacity is split between them. This forces convergence while POS does not.
no merged mining does this without extra hash. The hash for BTC will always work for a lower difficulty. |
|
|
|
|
interesting that this keeps coming up
Has any POS ever been forked? esp NXT or PeerCoin
even if there was "nothing at stake" for other chains, so what for the main chain its just becomes like merged mining. So nothing wrong here.
it seems that POS or not mining will eventually come to dominate as it avoids the mining issue. The technical issue of security is just a matter of time.
|
|
|
|
|
3 years ago I think I passed through this forum but never joined, found out about btc from /g/ ....I was stuck in...well lets just say I was really far away.....when I heard about BTC back then I spent 2~3 days solid trying to buy it, but where I was there was no way to get money through.....next I looked I saw it had crashed back to $2, was so glad I did not buy any......yeah yeah I know....right.
I clearly remember the old gox site.......
|
|
|
|
wont NXT do most of this when it implements transparent forgeing?  ? |
|
|
|
|
btc is going over 10k its just a question of when 1~2 years likely, 3 years almost definite.
|
|
|
|
5 thousand dollars isn't cool. You know what's cool? 5 million dollars. 5 million a coin is impossible, even if every single person on earth would instantly start using BTC. GDP of the entire world: 71 Trillion. Number of coins: 21 million -> value per coin: 3,4 million, enjoy gdp accumlates over years.....eg 20 years = 20 x gdp worth + interest/inflation |
|
|
|
this scenario is just a deluded pipedream. i am willing to bet everything that i have that bitcoin will not become a world reserve currency.
perhaps. but 5 years ago, if when Satoshi's white paper came out, and I said: in a few short years, tens of thousands of merchants will accept bitcoins and a single coin will be $600... you could have said its a deluded pipedream and be just as plausible, if not more so. I actually think the hardest part of BTC (or CC's) has been done. The orders of magnitude it had to rise to get here are more than it has to go to 100K or even 1M. eg 5~10e^6 since first listing, only 10~20e^2 for 100K and 10~20e^3 for 1M. although the 1000-->9000 in absolute value is 10x more. Still its hard to argue that BTC is not still on a log graph growth. reserve currency, well it would be a better reserve currency than any alternatives except for its POW. A POS currency and at this stage PeerCoin is going to be that. PeerCoins attributes are far better suited for reserve usage than BTC. At some point BTC is going to have to fork to POS or POS/POW of some type. The whole mining tax just makes it uneconomic vs pos / pow or pure pow, not to mention the drama of mining. Not necessarily. Look at how much money changes hands every block. There's reason to believe bit coin will be big enough so that a small mining fee of 0.1% will provide ample security. at that 0.1% of a large market is still a huge amount, which will be arbitraged out by a POS or POS/POW systems that offers the same security. |
|
|
|
this scenario is just a deluded pipedream. i am willing to bet everything that i have that bitcoin will not become a world reserve currency.
perhaps. but 5 years ago, if when Satoshi's white paper came out, and I said: in a few short years, tens of thousands of merchants will accept bitcoins and a single coin will be $600... you could have said its a deluded pipedream and be just as plausible, if not more so. you are comparing apples to oranges. it's more believable that bitcoin would become big, than it is to believe that countries all over the world will adopt bitcoin as its currency. it's just bitcoin fanboys dreaming of their btc being atop the mountain. there's just no way world governments would just relent their grip on currency reserves.. what, you think the people in high seats are such altruistic people that they'd let it slip? the people will just start using it as they cotton on that they can have their wealth inflated away, confiscated subject to capital restrictions, tracked, subject to insane judical systems and laws, inefficient taxation. |
|
|
|
this scenario is just a deluded pipedream. i am willing to bet everything that i have that bitcoin will not become a world reserve currency.
perhaps. but 5 years ago, if when Satoshi's white paper came out, and I said: in a few short years, tens of thousands of merchants will accept bitcoins and a single coin will be $600... you could have said its a deluded pipedream and be just as plausible, if not more so. I actually think the hardest part of BTC (or CC's) has been done. The orders of magnitude it had to rise to get here are more than it has to go to 100K or even 1M. eg 5~10e^6 since first listing, only 10~20e^2 for 100K and 10~20e^3 for 1M. although the 1000-->9000 in absolute value is 10x more. Still its hard to argue that BTC is not still on a log graph growth. reserve currency, well it would be a better reserve currency than any alternatives except for its POW. A POS currency and at this stage PeerCoin is going to be that. PeerCoins attributes are far better suited for reserve usage than BTC. At some point BTC is going to have to fork to POS or POS/POW of some type. The whole mining tax just makes it uneconomic vs pos / pow or pure pow, not to mention the drama of mining. |
|
|
|
There are 340282366920938463463374607431768211456 possible seeds based on 12 words. Why would you want to increase the difficulty remembering these words for only a smidge of added security.
if I could put it this way the option would be nice. |
|
|
|
"Do not trust anyone who calls themselves BCNext."
- BCNext
I dont think qora has claimed to be BCNext |
|
|
|
|
I get these errors on osx 10.x
any help?
Exception in thread "main" java.lang.reflect.InvocationTargetException
at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
at sun.reflect.NativeMethodAccessorImpl.invoke(NativeMethodAccessorImpl.java:57)
at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
at java.lang.reflect.Method.invoke(Method.java:606)
at org.eclipse.jdt.internal.jarinjarloader.JarRsrcLoader.main(Unknown Source)
Caused by: java.lang.UnsatisfiedLinkError: no Qora25519.mac in java.library.path
at java.lang.ClassLoader.loadLibrary(ClassLoader.java:1878)
at java.lang.Runtime.loadLibrary0(Runtime.java:849)
at java.lang.System.loadLibrary(System.java:1087)
at qora.crypto.Ed25519.aW(Unknown Source)
at a.a.start(Unknown Source)
at Start.main(Unknown Source)
|
|
|
|
|
hi...what has happened here, can a brief synopsis be given....is NEM not going ahead or massively delayed or what???
I mean qora dev got the product out solo!
|
|
|
|
|
how does the Qora dev develop so fast vs say NEM, EXO, EMU etc etc.....
or is it easier to code given objectives?
Also it looks like Qora dev is bcnext.....does this spell a problem for NXT and friends?
|
|
|
|
|
how does quora dev do it all so fast???
|
|
|
|
|
Given Multibit HD is going to support up to 24 words...it would make me sleep a little easier if Electrum has this option as well....
|
|
|
|
|
Show Posts
