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1741  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 15, 2016, 01:57:48 PM
Start from where you failed last time: Where is the money going to come from?

Investors. Later demand for commerce. The key is viral adoption growth.

Btw, I'm #44 on the Top 50 list at Steem this week:

https://steemit.com/steemstats/@lukestokes/exchange-transfer-report-08-07-2016-to-08-13-2016

This is relevant to our discussion:

https://steemit.com/steemit-ambassador/@hisnameisolllie/how-to-explain-steem-it-to-a-friend

Quote
Say, "from the constant stream of new investors because it is onboarding the masses".

Quote
Quote
As far as my rebuttal to it being a "ponzi scheme"

Say the initial money comes from constant stream of investors and later the money comes from commerce once the masses have joined.

My guess it is in more in the 2 year time frame for social media success--and not in the rocket ascent of an instagram outlier. Or did I read you charts wrong, Shelby
1742  Alternate cryptocurrencies / Altcoin Discussion / Re: Thoughts on Zcash? on: August 15, 2016, 06:29:25 AM
Ring CT just got PRed to master!

https://github.com/monero-project/bitmonero/pull/961

Bear in mind that, even though the code is finished, it will need thorough review and testing before it will get merged into master.

Great work by MoneroMooo, Shen Noether and everyone else involved!


FWIW, the Zcash launch has been postponed to October 27, 2016. See:

https://github.com/zcash/zcash/milestone/30

https://github.com/zcash/zcash/milestones


It seems Monero started running in the Race of anonymity and the opposition is still crawling.

It seems Monero feels so threatened by Zcash that it started its campaign to discredit Zcash early.... i predict a flame-war from Monero towards Zcash
on this forum, that will make the Monero-Dash flame war small in comparison.

Anyways i think Zcash will have an impact on those cryptocurrencies that have anonymity and anonymity only as core-element
  

Fungibility is created by virtue of the degree of anonymity and is a primary trait of good money, so if it's not a core element, or is designed badly, then you should feel threatened by your own development team.
1743  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 15, 2016, 05:42:28 AM
@smooth, the line about you are a fraud if you don't call out a fraud applies to art as well.

https://steemit.com/poetry/@generalizethis/art-shouldn-t-agree-with-you
1744  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 14, 2016, 11:46:36 AM


And how can you leave after I pioneered a new Steemit subforum:

https://steemit.com/trending/anonymintwilldisagree

^This should have a follow button:

Wish I had more than .02 cents, but I give what I can:


https://steemit.com/steemit/@generalizethis/room-exclusivity-combats-group-think-noise

(Puns--proof that Shakespeare was a masochist)
1745  Alternate cryptocurrencies / Altcoin Discussion / Re: Someone please make a steem clone on: August 13, 2016, 10:32:41 AM
The English trick was to speak for the base, the French to the base....the American from the base...

https://steemit.com/poetry/@generalizethis/icarus-part-one


Or maybe the dumbed down uni-version--is better?

https://steemit.com/story/@ericvancewalton/success-an-original-poem

I mean why make someone pick up a book (including the narrator--I'll leave the reader to decide if hammock pics and first-word/best-choice rhymes deserve more than a chapbook's fee from a reputable magazine--especially when the structural irony of the soapbox is in question.)

or put simpler, "Dude, where's my high-school English teacher? Can't he see I'm an artiste' chillin like a villain? Suckers! Didn't even have to dust off my feet."


Maybe I should just play nice and say,

(not on my watch, but bonus for using original in the heading to disguise the triteness of the observation)

https://steemit.com/story/@ericvancewalton/the-edge-an-original-poem



https://steemit.com/poetry/@generalizethis/how-do-you-write-an-american-epic
1746  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 11, 2016, 04:19:41 AM
Here's the value: for $49 you get the amazon experience, shop around and you get a decent pencil set + sketchbook for $20-$25...

https://steemit.com/life/@generalizethis/learning-to-draw

(bloggers are good at two things: making your life more interesting [that's very subjective] or more efficient (sometimes both)--this is a competition for Bloggers as brand)
1747  Alternate cryptocurrencies / Altcoin Discussion / Re: XMR vs Ethereum on: August 10, 2016, 06:46:06 PM
I think Ethereum is better than XMR , even though both coins have good market caps , but sure ETH is much better , because it managed to fetch more investors , also it has been growing faster , it is not a long time when ETH price was $ 0.9 , then the growing began , and now ETH marcet cap equals more than $ 900 m .

Also, ETH and XMR are very different one from other. While ETH focuses on smart contracts/dapp development, XMR focuses on providing an anonymous way of transacting by the use of ring signatures. Still, ETH could implement anonymity in the near future, thus making it a full fledged decentralized app platform with anonymizing techniques like ring signatures. Will this ever happen to ETH? Only time will tell. Just my opinion Smiley

In case you did not know. Zcash technology is going to be built on Ethereum. The platform will have anonymous smart contract transactions in the future if it is successful. The people behind zcash will fork Ethereum's parity client with zero knowledge proofs built in it.

In case you did not know Ethereum is a flawed platform, no one can make secure contracts on it and Zcash is as untested.

How is it flawed? Can you please explain why? Because if it is really "flawed" like you say that no one can create secure smart contracts then why are there people and researchers from universities interested in the platform? Why would the zcash development team or at least a couple of people from it be interested in developing  zero knowledge proofs in Ethereum?

I am sorry if I am skeptical. Most of the people that say "that is impossible, that is a scam" are the people who holds a competing coin.

Way before the fork to classic, a few smart people were outlining Eth's problems here: https://bitcointalk.org/index.php?topic=1361602.msg13855814#msg13855814

Who is he? What projects was he involved in? I would like to read a person's technical comments in something but it must be that person is a known crypto developer. No offense to him. I am only skeptical because of all the FUD that is happening all over this forum. It is hard to find out what is the truth anymore.

Who are they? Roach wasn't the only one spelling out the problems in eth. FluffyPony put on a clinic in twitter--as anonymint and smooth added a lot to the discussion in the Eth Paradox thread.

Anyone ever left holding a bag in our little cryptokingdom--either isn't paying attention, or doesn't know where to pay attention (and yes, that's a shameless ck plug for those paying attention--it's only shilling if you say, "I'm not shilling").

Forgive me for my ignorance but who is FluffyPony and anonymint? My point in saying when someone is known in the cryptosphere are people like Peter Todd or Gmaxwell. Even the founder of zcash is someone considered highly respected.

They will maybe have the same negative opinion on Ethereum but if people are looking for somebody to listen to it is them or the people in the same level as them.

Ignorance is bliss, dude--until you realize Peter Todd uses and talks about XMR and GMaxwell has an XMR address in his profile (sorry, no ETH), and that FluffyPony is one of the developers of XMR (and pretty beloved in the cryptospace), and anonymint (love him or hate him) is a name to be reckoned with on this board (though he goes by iamnotback ATM).

But what does name dropping have to do with the problems outlined in that thread? They did a good job of dumbing the issues down (or did you not even bother to read it?)
1748  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 10, 2016, 08:18:25 AM


You can easily encode data in the amounts of payments. If amounts are hidden you can encode data in the number of outputs, or if number of outputs is fixed, you can encode data in the timing of payments.

There are a million ways. How contrived these measure get will be a function of how much effort is put into suppressing it.

Payments are numbers. Anyone can write any filter they want to reinterpret any data any where on the Internet as anything. Everything would be illegal. So obviously this will never stand up in any sane court-of-law.

You are being absurd.

Are you interested in improving things or just nonsense.

So if I'm reading smooth's comment correctly, couldn't multiple ui's interpret the information differently, allowing for decentralized use? I mean you could go after steem, but that (eventually) turns into a game of whack-o-mole.

(I understand things through words, so forgive me if I'm missing mathematical parts.)
1749  Alternate cryptocurrencies / Altcoin Discussion / Re: XMR vs Ethereum on: August 10, 2016, 07:15:23 AM
I think Ethereum is better than XMR , even though both coins have good market caps , but sure ETH is much better , because it managed to fetch more investors , also it has been growing faster , it is not a long time when ETH price was $ 0.9 , then the growing began , and now ETH marcet cap equals more than $ 900 m .

Also, ETH and XMR are very different one from other. While ETH focuses on smart contracts/dapp development, XMR focuses on providing an anonymous way of transacting by the use of ring signatures. Still, ETH could implement anonymity in the near future, thus making it a full fledged decentralized app platform with anonymizing techniques like ring signatures. Will this ever happen to ETH? Only time will tell. Just my opinion Smiley

In case you did not know. Zcash technology is going to be built on Ethereum. The platform will have anonymous smart contract transactions in the future if it is successful. The people behind zcash will fork Ethereum's parity client with zero knowledge proofs built in it.

In case you did not know Ethereum is a flawed platform, no one can make secure contracts on it and Zcash is as untested.

How is it flawed? Can you please explain why? Because if it is really "flawed" like you say that no one can create secure smart contracts then why are there people and researchers from universities interested in the platform? Why would the zcash development team or at least a couple of people from it be interested in developing  zero knowledge proofs in Ethereum?

I am sorry if I am skeptical. Most of the people that say "that is impossible, that is a scam" are the people who holds a competing coin.

Way before the fork to classic, a few smart people were outlining Eth's problems here: https://bitcointalk.org/index.php?topic=1361602.msg13855814#msg13855814

Who is he? What projects was he involved in? I would like to read a person's technical comments in something but it must be that person is a known crypto developer. No offense to him. I am only skeptical because of all the FUD that is happening all over this forum. It is hard to find out what is the truth anymore.

Who are they? Roach wasn't the only one spelling out the problems in eth. FluffyPony put on a clinic in twitter--as anonymint and smooth added a lot to the discussion in the Eth Paradox thread.

Anyone ever left holding a bag in our little cryptokingdom--either isn't paying attention, or doesn't know where to pay attention (and yes, that's a shameless ck plug for those paying attention--it's only shilling if you say, "I'm not shilling").
1750  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 10, 2016, 07:07:50 AM
...but, if I can do it, I'll do it within the confines of 14 lines, a nuanced rhythm, and with a few pics--no promises on how it turns out--gibberish or nein (but I promise ya neither theo now.

I'll just admit I am a literary dunce and can't decipher your poetry.

I think you'll like this (binary turns are fun--and it's topical): https://steemit.com/olympics/@generalizethis/a-competitor-s-plea-to-phelps
1751  Alternate cryptocurrencies / Altcoin Discussion / Re: Something Fishy about Steemit and Steem? on: August 09, 2016, 08:02:08 PM
Here's Jeff taking a STEAMIT all over himself on radio for 90 minutes yesterday:
https://www.freetalklive.com/podcast/2016-08-08

Jeff makes a very astute point at the 32 minute mark, where he reminds me that some allege that Facebook messes with their following and reach, so they build up their followers and then are at the mercy of the whims of Facebook.

Whereas, with a blockchain this will not be the case.

That is a major selling

the/e point to make

 to bloggers that forever they will be in control of their investment into their following.

thee/e for uh of whence

(yes, ep0
1752  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 09, 2016, 06:48:33 PM
My point is you're nitpicking up the wrong tree, Polonius.

For readers who don't know it, Polonius in this context means "blowhard". So he is insulting me.

I have explained why the name can potentially not be nitpicking. It depends on how the masses perceive the importance of bad connotations such as porn. I realize porn is very pervasive now, so maybe people won't care. But when you are talking about inspiring people to come visit a site based on word of mouth or a link shared in social media, then connotations may or may not be important.

Thing is that viral can't be contained to only links and visuals. People still talk verbally. I told my Mom "Steemit" and she was was like "WTF?". My Mom is a very literary person, much more than myself. She pays attention to the meaning of words. Then again, she is 70, so maybe imagery of porn might disagree with her more than the younger crowd.

A better name could go a long way towards inspiring an ideological viral spread.

If you don't believe me or are 100% certain of your opinion, I'm sorry I don't have any more time to waste on rebuking you. Carry on with your opinion.


Polonius is a complex character--so I'm not sure how you pin down a context....but, if I can do it, I'll do it within the confines of 14 lines, a nuanced rhythm, and with a few pics--no promises on how it turns out--gibberish or nein (but I promise ya neither theo now.)
1753  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 09, 2016, 03:51:54 PM
Yeah, well you haven't figured out that reddit+steam=steemit (at least you figured the steam part, but it took me about 3 seconds after hearing the name to figure it out, but let's not let this get personal).

Are you sure I "haven't"?

That was my first connotation also (which is why Steemit didn't originally offend me too much).

But perhaps you've forgotten the data I shared recently on BCT about Reddit's demographics that it is mostly young (white?) males:

Btw, I also wrote "(and males)" and many males thanked me in the comments. The point is I bet you are turning off the females and they have left (and for other reasons as well). Females want to congregate where other females are being chatty. Go to the posts of females and nearly all the comments are from males. Where are they building their community.



And Reddit doesn't have this extra male overhead of exchanges, trading, arbitrage, and the lack of the ability to organize communities (subreddits) centered around female interests with rankings in those communities controlled by those who vote there.

In addition, note Reddit's usership is only ~100 million.

So the point I am making is that the females and the older people might not have Reddit in their mind when they hear Steemit.

Before I came into the cryptocoin arena in 2013, I had vaguely heard of Reddit but never used it. It would not have been in my mind had I heard Steemit at that time. I had visited the site once and decided it looked like shit and never returned until I needed to use it when BCT banned me and also when Shen-noether only wanted to discuss over there.

My point is you're nitpicking up the wrong tree, Polonius.
1754  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 09, 2016, 03:08:08 PM
The platform is named steemit Wink

Bands with crappy names: Beatles, Nirvana, Smashing Pumpkins, The Who, Depeche Mode, The Cure....

You are a marketing neophyte. You continue to make numerous mistakes.

You're making an analogy between apple pie and baseball bats.

Usually the name of a band is not intended to implicitly describe the type of music the band creates, except perhaps in a very abstract and creative way (e.g. Smashing Pumpkins might make me think of punk rock). The band's music creates the emotional attachment and devotion, thus branding the name.

The name of a company, product, or service usually must convey what it does or is for (at least some connected meaning), as this is very important for viral spread and recall during viral mentions.

Steemit sounds like a porn site.

That is really, really bad. Again I refer you to the females who are stating how important it is that the site not be connotated with scams and negative things, in order for them to promote the site virally to their communities such as the one lady with 500 members in her cause oriented group.

When you get to nitpicking the name of a brand (unless it's Shitty McShitFace), then you are really scraping the barrel of valid concerns.

Sorry man but you've been completely off in left field during most of the recent discussion. I can't even understand what you are writing most of time (lately) and thus not replying. I don't mean to be disrespectful and maybe I am a literary dunce in your opinion because your text lately reads to me like gibberish (not referring to the post I am replying to). I was avoiding saying anything, but I guess it's better I inform you.

Hell, McDonalds has a purple pile of poo named Grimace as part of their mascot team (would have loved sit in on that meeting, "Hey, Bob, it's a giant purple shit named Grimace--and we're selling food?"

Grimace is targeted to kids. It is cartoon stuff.

You need to remember to apply context.


Edit: even an abstract name such as Google, is derived or similar to ogle or goggle, which connects some meaning to searching or looking into. Even Apple had a meaning at the start. The logo was an apple with a BYTE in it.

Yeah, well you haven't figured out that reddit+steam=steemit (at least you figured the steam part, but it took me about 3 seconds after hearing the name to figure it out, but let's not let this get personal).
1755  Alternate cryptocurrencies / Altcoin Discussion / Re: XMR vs Ethereum on: August 09, 2016, 11:23:51 AM
I think Ethereum is better than XMR , even though both coins have good market caps , but sure ETH is much better , because it managed to fetch more investors , also it has been growing faster , it is not a long time when ETH price was $ 0.9 , then the growing began , and now ETH marcet cap equals more than $ 900 m .

Also, ETH and XMR are very different one from other. While ETH focuses on smart contracts/dapp development, XMR focuses on providing an anonymous way of transacting by the use of ring signatures. Still, ETH could implement anonymity in the near future, thus making it a full fledged decentralized app platform with anonymizing techniques like ring signatures. Will this ever happen to ETH? Only time will tell. Just my opinion Smiley

In case you did not know. Zcash technology is going to be built on Ethereum. The platform will have anonymous smart contract transactions in the future if it is successful. The people behind zcash will fork Ethereum's parity client with zero knowledge proofs built in it.

In case you did not know Ethereum is a flawed platform, no one can make secure contracts on it and Zcash is as untested.

How is it flawed? Can you please explain why? Because if it is really "flawed" like you say that no one can create secure smart contracts then why are there people and researchers from universities interested in the platform? Why would the zcash development team or at least a couple of people from it be interested in developing  zero knowledge proofs in Ethereum?

I am sorry if I am skeptical. Most of the people that say "that is impossible, that is a scam" are the people who holds a competing coin.

Way before the fork to classic, a few smart people were outlining Eth's problems here: https://bitcointalk.org/index.php?topic=1361602.msg13855814#msg13855814
1756  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 09, 2016, 07:28:33 AM
The platform is named steemit Wink

Bands with crappy names: Beatles, Nirvana, Smashing Pumpkins, The Who, Depeche Mode, The Cure....

When you get to nitpicking the name of a brand (unless it's Shitty McShitFace), then you are really scraping the barrel of valid concerns.

Hell, McDonalds has a purple pile of poo named Grimace as part of their mascot team (would have loved sit in on that meeting, "Hey, Bob, it's a giant purple shit named Grimace--and we're selling food?"
1757  Alternate cryptocurrencies / Altcoin Discussion / Re: Which crypto is truly anonymous? on: August 08, 2016, 12:38:10 PM
That's five minutes of my life I'm not getting back--good luck with your exit strategy.
1758  Alternate cryptocurrencies / Altcoin Discussion / Re: Which crypto is truly anonymous? on: August 08, 2016, 11:59:11 AM
--failure to recognize a flaw (when a Monero cryptographer spelled it out for you) [  ]

I was the first developer to take a look at this vulnerability, and we immediately recognized the flaw  described in the mathematics.
What you're saying is simply untrue, https://github.com/shadowproject/shadow/issues/25#issuecomment-182977494

A flaw in theory doesn't immediately mean that it's applicable to the software in question.
I did not code our ring signature implementation so it took some time to find all the details about the OpenSSL libraries we use.

I remember the shadowcash team denying shen's bounty (a "how dare he make this public!" response) and then claiming their test results came back fine--my memory isn't that short (your participation in the events is overshadowed by the group's response--maybe get a better crew).

And just for the record: are you a cryptographer?

@icebreaker, I seem to remember you had a rundown of this fiasco.
1759  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 08, 2016, 06:54:53 AM
This is a woman:

https://steemit.com/introduceyourself/@deviedev/environmental-attorney-girl-with-a-guy-s-name-here-s-my-story
1760  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: August 08, 2016, 05:29:02 AM


...they are posting.

And I'm sure a badly named, anarchist (bolted with excessive controls) version won't turn into a political right header -- crack "humpty dumpty? What happened to your f'ing head!"

Fixed (learning to speak Plath is a dangerous art): https://steemit.com/life/@generalizethis/what-black-swan-can-teach-us-about-ruthless-ambition
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