If CryptoNote has scaling issues with it's anon technology, is that a potential use case for FantomCoin? First use case I can really think of for a merge mined CN coin, but it sounds like it's plausible. It could take some pressure off XMR or BBL or whatever emerges as the main coin.
FantomCoin is just another CryptoNote coin. What do you mean here? From what I understand it's not a standard CN coin but a merge mined coin like Namecoin is with Bitcoin. So if everyone is using Monero but there is some sort of issue with scaling as people are mentioning in this thread(I'm not familiar with the technical details here, so I'm taking this on face value) then FantomCoin can be added to everyones regular Monero mining routines and then used as a sort of overflow currency. Since it shares the same core technology. I'm just throwing out ideas here since I can't think of another good use case for FantomCoin since it's been designed to be merge mined. |
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Stability doesn't have anything to do with market cap, but the distribution of coins.
If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.
I wouldn't say it doesn't have anything to do with market cap, but that both things are issues related to stability. The larger the market cap the more money it's going to take to move the market on a day to day basis. But yes, someone who holds a large percentage of coins will have the ability to crash the market in most cases unless the buy support is incredibly large. |
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I'm hoping to reach out to the community and begin to gather a list of your priorities and needs. We aim to ensure the barrier to bitmark adoption is as low as feasibly possible. Some suggestions may include: - A wide range of graphical resources and generic buy/pay buttons
- Web based private management interface to keep track of your bitmarks
- Address signing, so you can prove an address you requested payment with belongs to you
- Full support for transaction messages
- API libraries in the language X
- Code examples for language Y
- Plugin's for open source software Z
- Transaction notifications by (email, websockets, http post, other)
- Simple resolution of conflicted transactions and wallet errors
We will also be analysing end user use cases and innovating for those seperately, this thread is specifically targetting those of you who own businesses, worth with merchants, integrate crypto currencies, those of you in the business sector. Please publicly or privately provide any requirements you can, or examples of existing things in the crypto space which you feel are valuable / make your life easier. You can contact me via PM, email, in the bitmark thread, or open discussion in this thread.One of the best things you could do for merchant adoption is to get your coin on coinpayments.net. They already have extensive plugins and modules that make integrating crypto payments extremely easy for online merchants. That's quite an interesting service. I hadn't seen this site before. That is a very extensive list of currencies there. Fees seem reasonable too. |
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I would say that the current tilted 'BM' is good as a logo. Especially as a small icon. But as a brand in the context of purchasing something the 'bitmark accepted here' button is good as a brand image.
If there were a way to unify the two it would be good. But that's not easy I'm sure.
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If CryptoNote has scaling issues with it's anon technology, is that a potential use case for FantomCoin? First use case I can really think of for a merge mined CN coin, but it sounds like it's plausible. It could take some pressure off XMR or BBL or whatever emerges as the main coin.
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Hi all, feel free to move my topic if need be; I am not selling anything at the moment, so it didn't feel right posting in the 'Marketplace'. I am producing a limited quantity run of bitcoin watches. This started as a search for a personal watch, but after a fairly extensive search on the web, I didn't find anything to suit my needs. I am not making a killing off these watches, and probably won't even see a ROI, but I thought it would be cool to produce something new to the market, learn some new info along the way,and help spread some much needed awareness to the BTC community. Thanks for reading! www.facebook.com/TheBTCWatchwww.TheBTCWatch.com* I am very open to thoughts/critiques/suggestions from the community. If anyone has any helpful advice I would LOVE to hear it* Seems like there might be some people who would want a bitcoin watch out there. I like your no nonsense approach on your website. Price sounds very reasonable as well. Good luck with your project. |
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Hi coinsolidation, i want give you just an advice, "BM" is literally too "anonimous" how brand.  Instead "MARK" is so cool, I invite you to reflect on this change.  I love this:   ADD Today i'm in good form:  Keep it up! That does look pretty sharp. I'm not sure what type of branding consolidation has in mind though. I know he's put a lot of thought into his vision though. |
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For what use case is having this better than the standard methods?
On a computer copy paste is as easy as it can get pretty much.
On a mobile device QR codes work alright. It could be better with NFC if that ends up taking off at some point. But for now a QR scan is better than typing in some sort of address or alias.
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They think about useless stuff.
Do you consider logic useless? |
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Professional philosophers who are trained in philosophy and teach or write for a living use their skills for many things. It's mainly learning how to apply logic to help better understand things. It's applicable in any scenario in life. Understanding how to use critical thinking and logic is probably one of the most underrated skills in general.
Modern analytical philosophy is not all wishy washy irrelevant mental masturbation. Philosophy in general gets a bad rap since people often associate it with unproductive musings on things that can not be known or things that are supernatural and easily dismissed. But someone trained in modern analytical philosophy is someone who understands modern symbolic logic, modern neurology and the biochemistry involved with our brain function, the philosophy of language and how we communicate and many more relevent topics.
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Barring some serious innovation and new life getting breathed into the litecoin community by this time next year, litecoin will no longer hold the #2 position. ;puts away tin-foil hat  I would be shocked if that were not the case. Assuming of course Litecoin continues on the path it's on now of doing nothing. |
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What do they plan to do? Charge enough transaction fees to support themselves? I've thought about this before(a crypto backed by dollars) and in any other context than a US government backed currency it doesn't really make too much sense. Then you're just making PayPal or anything that could be done by any database. It's just a centralised currency.
Or are they going to try to inflate the value but guarantee a minimum of 1 dollar per coin? Then that doesn't solve volatility at all.
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It's not about BTC-e just going and adding every new coin that pops up overnight, but just adding the ones that generate significant volume.
When's the last time they added a new coin?
Look at the top 20 coins now by market cap. They are missing tons of potential revenue. Just by adding a few of those they would attract some new customers and have their current customers trading the new coins as well.
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When a coin has good innovation, it has a better chance of surviving. That's just the way of business.
Well explain why BTC is still number-1 and shows no sign of losing that position? Developers could produce 1000 coins tomorrow that are more innovative than BTC, but not a single one will be a threat to it. It's about culture, not innovation. Because despite the slow development pace of the core client/core protocol there is significant innovation happening in by third parties. Someone has to innovate to meet the demands of the market. With Bitcoin enough people support Bitcoin that infrastructure like coloured coins, hardware wallets, payment processors, mastercoin ect get built up on top of the main protocol. |
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I'm not sure I understand the part were you talk about staking = losing... how ?
If you don't stake you use it. Using a token/coin/currency give its value. As long as you don't spend/use it, it remain virtual.
Staking coins = gaining interest. Because this is a default no-cost options, everyone is doing it thus the "value" present on the network will be split across existing stake and new issued coins for the stakes (if the coin is not fully mined). Thus, you are not actually gaining "value" but you spread it across increasingly more coins, something called inflation of monetary mass. Not staking coins means your value is diminished because the individual tokens are worth less. Or compared to stakers, you don't gain as much. Being a zero sum game without value influx/outflux, not staking coins puts you in a constant loss of value. Why would you hold a coin that holds it's value like Bitcoin or one that loses value like Peercoin? Oh, you only want to use it when really needed? Why would anyone provide counterparty for your need if they can lose if your demand is lower than expected. The main argument against PoS is the old "the rich get richer". Not a problem with that, except they do NOTHING but freeze coins, there is no risk involved inside the system. They don't buy hardware, they don't pay utilities, they don't hire people. They just do nothing and get rewarded. You think Bitcoin hodlers are gaining rude profits by doing nothing? PoS makes it even worse. But again, without actual new value added into the system, the existing value is spread around to the existing coins (think stable market cap) and each coin is losing value. There is a difference between theory and application, just like Communism, some things look great on paper but fail the test of reality. As for providing extra services... what are the benefits of using NXT/MSC/XC? There is no interest in Nxt. The interest that some PoS coin added is called minting (Mintcoin). In Nxt, there is forging : it reward owners of nodes with the fees used for transactions and services use. You don't do nothing, you must run a node to get rewarded. The reward is proportional to your stake like the reward from mining is proportional to your investment in hardware. The people that forge, get about 2-5% per year or something. In fact, none of the big Nxt holders forge. Probably because the gain is ridiculous. Notice that there are no inflation in PoS like Nxt, the total max amount of coins remain the same and lost coins add value to others. There is a difference between theory and application. In fact, the theoretical problems of Nxt doesn't apply : no one is getting rich doing nothing (gain from forging is too small for investors to forge for that purpose), the initial distribution is not a problem for users, the network is immune to 51% attack (as no pool exist), there is no Nxt fork (still alive). As for providing extra services, Nxt is just so mind-blowing that others cryptos seems obsolete compared to it. Here a some services that are already active or in development : Alias System Arbitrary Messages Asset Exchange Automated Transactions Digital Goods Store Instant Transactions Judgement System Monetary System Multigateway++ Transparent Forging Voting System Parallel Blockchains ... All of these features have a separate board on nxtforum.org. The most impressive is the Asset Exchange. Everything is included in the native client. The first time someone sent me a link to the NXT website I thought what I was reading was too good to be true. |
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The btc-e trollbox speculators look like dinosaurs now from ages ago. They discuss Litecoin and why it's falling ad nauseum without realizing that there is a whole new PoS world brewing two clicks away that btc-e didn't present to them Well said. Yea, BTC-E is just lagging behind, they are stuck in the past, and resist change. Odd that they don't take the 1000's of bitcoin extra daily volume they would get by adding some new coins, no? |
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Aren't firstbits considered bad practice in general?
I remember for the longest time a lot of people had been warning against using firstbits. Or maybe I'm confusing this with vanity addresses.
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I see the Marxist anti-innovation bandwagon is still rolling...
With all the "unfair IPOs" and anticompetitive/anti-innovation talk around these forums you'd honestly think that we were on a communist forum or something, lol. |
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For example, Bytecoin (BCN) which was launched in the deep web.
Haha, really? That's hilarious. That's like the most ninja launch of all time.  |
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What is it with the "LTC dead" thing? There seems to be a small semi-literate group spamming the forum. Yet, if we look at the facts, we see the mining difficulty getting higher. We also see that the price against BTC is low, but we can see that this is typical, with BTC/LTC exchange rates. They vary, and over the last 12-months have been between 0.009 and 0.05. There appears to be an average of about 0.025 (a guess).
Really nothing has changed, and bringing the "innovation" card into things is absurd. For a start, BTC is useless in terms of making quick transactions, so it is hardly fit to be anything but the commodity it is. LTC is quicker, but Earthcoin is even quicker and I think VOLT faster still.
Crypto people have proved to be conservative, and until Google or Paypal market a contender, LTC is staying put as the second coin in a sea of shite.
yes ltc is the key to the rest of the alts staying afloat. ltc survived previous waves of alts which are dead or so close it isnt funny. it continued survival shows cryptos outside of btc can survive. if it was to die (which isnt going to happen) who'd invest in any alt? that's what the fools plugging their own shitcoin don't seem to get, they think they have to fud others to push their own crap (for which they'll dump anyways if they make enough fiat). none of the latest flavors of the month will survive outside of this forum....ltc would There has never been previous alts that Litecoin has faced like there are now it 2014. It's not comparable at all. Since bitcoin peaked out around $1200 the game as changed and the market is now ultra competitive with new tech and code coming out all the time. That was never the case in the last three years where Litecoin sat virtually unopposed. competitive ? so saturating the scene with useless garbage scam coin clones is competitive ? hmm really go figure who knew ? You (and other Litecoiners) are misinformed if you think all the new coins are garbage scam coins. Some are truly innovative and that is why Litecoin is in the tank. Yeah, I find the complete disrespect and lack of regard for other technologies odd. I wonder if we ever see a time when Bitcoin itself is under threat from legitimate competition that we'll see Bitcoiners acting the same way. What a ridiculous post, and I'm just stumped to be able to reply in terms that you would understand. But focusing on the argument you make, I'd like to ask you a question: When did you last beat your wife? "LTC is staying put as the second coin in a sea of shite. " This is exactly what I'm talking about. Complete disregard. How exactly are NXT, NEM, DRK, XMR/Monero and BBL, Qora and quite a few others "a sea of shite"? There is a whole slew of new development attempting to push the frontiers of cryptocurrency forward while all I see from the Litecoin community is dismissal. This year so far in just 7 months there has been tons of innovation and it doesn't look to be slowing down anytime soon. What is Litecoin planning on doing to stay competitive? Unless you think it's not a competition, in which case you can just sit back and let the market decide if it is or not. (which coincidentally seems to be exactly what Litecoiners are doing) Maybe this current generation of coins aren't going to be the ones that end up carving out a bigger slice of the market for themselves. I don't know if they will or not, but so far they've been doing fairly well. But I haven't invested in any of them yet. But that's just because I'm not sure what's what yet. But I am sure that progress is being made and it's plainly obvious where progress isn't being made. As to your question: I'm not following. |
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