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1861  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think of STEEM? on: July 24, 2016, 07:58:14 PM
I am trying to think of a name for:

Quote from: myself
A very finely grained like-mindness, crowd rating system. With rewards to those who produce highly ranked content within like-minded coteries.

Is eSteem the best name for that?

Zuckerberg called it facesmash--but missed that it wasn't that users were rating girls "they knew", but that their ratings determined the outcome and gave them control of the outcome. He Also didn't monetize it, but tried to backend advertising schemes on it years later to the disappointment of his base (who were quite happy with free popularity grabs).
1862  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem vs Synereo, which one will lead the decentralized social media revolution? on: July 24, 2016, 09:52:22 AM
Steemit has the head start, but can they execute the innovation?

https://steemit.com/steemit/@generalizethis/the-case-for-market-sustainability

*I'll gladly plug sysnero when they offer similar production tools.
1863  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. on: July 24, 2016, 07:41:47 AM
the presence of smooth and his monero cronies and their constant attacking other 'rivals' in this space sais it all..........

Please keep appraised of current affairs.

Smooth is not attacking steem at all. Why would he?

He is merely saying that it was not fair to say no premine then conduct a captive instamine which is essentially the same thing. He has a ton of steem so even saying that seems more than most would say in the same position.




Not saying he is attacking steem.......

Then what are you saying?
1864  Alternate cryptocurrencies / Altcoin Discussion / Re: Steemit how can this thing be workable long term? on: July 24, 2016, 12:06:14 AM
 
Someone wants to try out the spam-resistance / bloat-resistance of the system with posts and comments like these: https://steemit.com/spam/@steemlove/asrhn-bloat-test

Hmmmm....

What's sad is that I thought it was a bad attempt at stream of consciousness and replied with critical suggestions. Roll Eyes
1865  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [AEON] Aeon Speculation on: July 23, 2016, 10:01:43 PM

This one with 400K BOGABOOO who won't even withdraw his bag because node is not usable?



I don't think that's the reason why. I was able to withdraw my coins. This guy just enjoys keeping 400,000 AEON on the exchange for some bizarre reason. Maybe he doesn't' know how to use a cli wallet


I'm pretty sure those are AP's coins, and he can use a cli. I always interpreted it as a public show of confidence.
1866  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: July 23, 2016, 07:34:54 AM
OK, how do we scam the scammers.

Sign up
Post cool shit
??
Profit

Content is gibberish without a community to refine and expand on its meaning.  I don't know if anyone profits unless there is proven value in the network--I hope not; that's the way it's supposed to work.

Very true, without a decent search engine STEEM users will drown in bad content, then leave.

AFAIK linking content of those you trust should alleviate needless spam--the ability to leave pertinent data at your virtual doorstep is key. 
1867  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: July 23, 2016, 04:01:27 AM
OK, how do we scam the scammers.

Sign up
Post cool shit
??
Profit

Content is gibberish without a community to refine and expand on its meaning.  I don't know if anyone profits unless there is proven value in the network--I hope not; that's the way it's supposed to work.
1868  Alternate cryptocurrencies / Altcoin Discussion / Re: Steemit how can this thing be workable long term? on: July 23, 2016, 02:07:56 AM
https://steemit.com/news/@generalizethis/smooth-discusses-future-security-of-steemit

1869  Alternate cryptocurrencies / Altcoin Discussion / Re: Steemit how can this thing be workable long term? on: July 23, 2016, 01:45:22 AM
I recently read that Steem's JavaScript wallet system stores the hash of a user's password on the blockchain. This would essentially reduce security to the level of brain wallets. Doesn't this open the possibility of brute force attacks to compromise many of those wallets? All it would take is cheap cracking software and some hundreds of low-hanging fruit wallets with weak passwords.

Recently it was changed to generate exclusively high entropy passwords.






Building on that--what are the plans for further security upgrades? I read a bit on the witness security, but it's been a few days and can't remember the details....

I don't know the witness security thing but the main direction on security seems to be account recovery. This approach accepts that keys will be compromised but makes it less costly. Already there is a system where a compromised account can be returned to its original owner. Next up will be time locked access controls so if an account is compromised, limits apply to the amount of funds that can be removed from the account before it is recovered (this already applied to Steem Power and will be added to the other asset times). The final form of recovery that is planned is being able to designate a group of friends and family (essentially a form of multisig) who can approve recovery from lost keys (including death of the owner without leaving access to the keys to anyone).

Is there a write-up of those features?

https://steemit.com/blockchain/@dan/does-blockchain-security-need-to-be-completely-reworked
https://steemit.com/blockchain/@dan/steemit-releases-groundbreaking-account-recovery-solution

Permission to quote you?/

I think the security was the lightbulb for me--acknowledge the problem and solve it.
1870  Alternate cryptocurrencies / Altcoin Discussion / Re: Steemit how can this thing be workable long term? on: July 23, 2016, 01:39:55 AM
I recently read that Steem's JavaScript wallet system stores the hash of a user's password on the blockchain. This would essentially reduce security to the level of brain wallets. Doesn't this open the possibility of brute force attacks to compromise many of those wallets? All it would take is cheap cracking software and some hundreds of low-hanging fruit wallets with weak passwords.

Recently it was changed to generate exclusively high entropy passwords.






Building on that--what are the plans for further security upgrades? I read a bit on the witness security, but it's been a few days and can't remember the details....

I don't know the witness security thing but the main direction on security seems to be account recovery. This approach accepts that keys will be compromised but makes it less costly. Already there is a system where a compromised account can be returned to its original owner. Next up will be time locked access controls so if an account is compromised, limits apply to the amount of funds that can be removed from the account before it is recovered (this already applied to Steem Power and will be added to the other asset times). The final form of recovery that is planned is being able to designate a group of friends and family (essentially a form of multisig) who can approve recovery from lost keys (including death of the owner without leaving access to the keys to anyone).

Is there a write-up of those features?
1871  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: July 23, 2016, 01:29:48 AM
Public Service Announcement -
This is just another Ponzi/Pyramid Scam
Do Not Invest!

Those who choose to post of their participation
support or encouragement for this scam will
be tagged with negative trust for proving
they wish to help the scammers operate this
Ponzi in return for a share of the funds stolen
from other users. Thereby proving they are not
trustworthy forum members.

YOU HAVE BEEN WARNED!

Threats, wow!

So here's my position, signed-up, got free tokens, power it, and then wait.... I'm not sure how to feel about the launch, but does it matter? It is bringing new people into the cryptospere, now why you are mad I don't know--maybe shut up and diversify.
1872  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 23, 2016, 01:15:20 AM
I didn't say it is dead, i'm saying theres nothing special about it, no pump potential be it artificial or well deserved. No chance to be used alongside bitcoin, or after it dies, because it would have to wait in a really long waiting line. So, it's good only for speculation, but unless youre a day trader, i dont see why would you invest in it. It's like investing in trumpcoin, no real profit potential unless theres a blatant manipulation and you exit in time.

There is something "special about"

-100% fungibility
-ASIC resistant PoW
-RingCT
-Kovri
-working dynamic blocksize
-tail emission

Monero can't be dead yet, because it hasn't been born.  We've been in labor for months, so expect a delivery Soon.   Cool

For anyone who is lurking or watching from the sidelines, dedicated purveyors of standards are the real test for any product--if people will search it out, research it, measure risk/reward, take the time to criticize the burgeoning product in thoughtful and productive ways--well, then you have your market research laid out before you....and guess what, it was vetted, concise, and free. If you can't figure it out, it's because you weren't meant to.

It's like selling housing shorts in 2007.
1873  Alternate cryptocurrencies / Altcoin Discussion / Re: Steemit how can this thing be workable long term? on: July 23, 2016, 01:09:14 AM
I recently read that Steem's JavaScript wallet system stores the hash of a user's password on the blockchain. This would essentially reduce security to the level of brain wallets. Doesn't this open the possibility of brute force attacks to compromise many of those wallets? All it would take is cheap cracking software and some hundreds of low-hanging fruit wallets with weak passwords.

Recently it was changed to generate exclusively high entropy passwords.




Building on that--what are the plans for further security upgrades? I read a bit on the witness security, but it's been a few days and can't remember the details....
1874  Alternate cryptocurrencies / Altcoin Discussion / Re: Steemit how can this thing be workable long term? on: July 22, 2016, 08:48:41 AM
"All a matter of funding. If steem creates a big suck and the big content houses react, then they'll likely launch their own versions on the "content4pay " concept. The key is community mindset and not necessarily growth/adoption stats."

This is true. If the big content houses are smart they should react at the right time and act in the right way. But if they do not react at all, they will be eaten alive slowly by the new blood and their market will shrink. Dominance in business in the internet is not the same in the real world. The shift in power happens much faster and at the strangest times online. The advent of blockchain apps will see to this.

But will the threat of decentralization keep them in line and playing nice or do we get more giants like GM challenging Uber with the buy of Lyft and Side Car?

I've always assumed that MLK benefitted from Malcom X's more extreme political stance (no way to prove it of course).
1875  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 22, 2016, 07:05:17 AM
thats such a weak argument,  you cant read ppls mind, u just assume the worst.   


did he says that iphone is awesome product Huh if not then its irrelevant.

So his political stance on privacy has nothing to do with him endorsing a coin that is purported to be private? Now listen to Dash's Developer discuss that same coin in reference to privacy (IE. where's the fucking whitepaper and the required math?)

Min 3:25 https://www.youtube.com/watch?v=x5sNx7SMTP8


Let's put that in context of Fluffy versus Evan: Fluffy says not to invest in Monero, but to use it; while Evan says to invest in his coin, but don't use it (yet, it will be the greatest thing ever--someday...trust me).

Something doesn't jive--


 

That's how the trustless world rolls (or doesn't).
1876  Alternate cryptocurrencies / Altcoin Discussion / Re: Quote Of The Day on: July 22, 2016, 06:51:03 AM
first quote in the thread
time is bitcoin time is altcoin
everyday every time hunting money via bitcoin and via altcoin
i like bitcoin i like altcoin incrase much money beuase bitcoin and altcoin
succes with bitcoin and altcoin

Bot-on! (personably, I hate puns)
1877  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 22, 2016, 06:34:01 AM

did he says that iphone is awesome product Huh if not then its irrelevant.

So his political stance on privacy has nothing to do with him endorsing a coin that is purported to be private? Now listen to Dash's Developer discuss that same coin in reference to privacy (IE. where's the fucking whitepaper and the required math?)

Min 3:25 https://www.youtube.com/watch?v=x5sNx7SMTP8


Let's put that in context of Fluffy versus Evan: Fluffy says not to invest in Monero, but to use it; while Evan says to invest in his coin, but don't use it (yet, it will be the greatest thing ever--someday...trust me).

Something doesn't jive--


 
1878  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. on: July 22, 2016, 05:56:16 AM
It is definitely a scam, because dev team reserves large proportion of the total supply.

And some ordinary got lots of money, which is very very unfair. If more coin released, definitely the price will be down in the long term.

I'm pretty sure if you would have handed it over to the internet that you would have gotten Porny McPorn face on the proverbial Test Ethenate treadmill to primal instinct gone banana strokin' 24/7. (just sayin')
1879  Alternate cryptocurrencies / Altcoin Discussion / Re: Steemit how can this thing be workable long term? on: July 22, 2016, 05:43:45 AM
Paging roach, smooth and anonymint.

https://steemit.com/steemit/@generalizethis/can-steemit-compete-with-big-time-content-houses-discussion-topic
1880  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 22, 2016, 04:47:47 AM

He also offered to break that famous iPhone, so.....maybe he likes playing Russian Roulette with our privacy.
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