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Hi Kosmost.
What is the current circulating supply of GOOD? In the start of year I remember you are going to push the GOOD in exchanges.
Is all GOOD is pushed in Coinexchange.io or you kept still the supply for future exchanges.
Is coinmarket cap shows the correct supply/circulating supply?
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@OP. I have seen more smarter than this. Actually this DanielRR1997 user copied one of merited post from a local language board then he translated with Google translator and copied in English Board. I do not think plagiarism catcher software will be able to catch this cross poster (where his changed local language to English) I reported this copy paster at https://bitcointalk.org/index.php?topic=2855895.msg32736571#msg32736571He has not login for more than the month, might be nuked now. |
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Just wondering , are you the newly added Merit source.
(I just checked today, count increased from 79 to 80 now.)
Any ways , Best of luck for your continuing effort to keep the forum clean.
Are you kidding? Jet started his post by saying " I'm not paid to award merits"...that's a strong implication that he's not a merit source. I did not get this, Do you mean that Merit Sources are paid? I don't think they are getting any compensation. |
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Just wondering , are you the newly added Merit source.
(I just checked today, count increased from 79 to 80 now.)
Any ways , Best of luck for your continuing effort to keep the forum clean.
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It's good that limit was put into place. If one person had say 100 sMerit, they could merit themselves around 197 merits before they ran out of those merit as each merit is worth a half of the previous merit.
The power of merit farming LOL | --------- | --------- | | 100 | => 100 | | 50 | => 150 | | 25 | => 175 | | 12 (0.5 Extra Merit/or 1 s Merit that cannot be divided) | => 187 | | 6 (0.5 Extra Merit/or 1 s Merit that cannot be divided) | => 193 | | 3 (0.5 Extra Merit/or 1 s Merit that cannot be divided) | => 196 | | 1 (but division of 3/2 yielded one more .5 and we have already extra .5) so you get 1 more here | => 198 | | 1 | => 199 | | (0.5) | => 199 | | --------- | --------- |
Hey! you got it wrong but close enough  Like godson said. How is half of 3.5 ever going to be 2. And 12.5/2=6.5 huh? It's definitely 197. Calculation of 199 is definitely correct and I edited it to show you how it is correct. Actually it is Geometric Progression with first term as 100 and common ratio as 1/2 and we are calculating the sum till 8 th term 100 50 25 12.5 6.25 3.125 1.562 .78 (.78 is the 8 th term and less than 1, so not good for calculation going ahead.) But here the actual calculation took place like, not following the exact GP series. 100 + 50 + 25+ floor[25/2] + floor[13/2] + floor[7/2] + floor[4/2] + floor[2/2] 100 +50 +25+ 12 +6 + 3 + 2 + 1 = 199 |
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--snip--
POW: It is costly method as you need Hardware(sometimes specialized also)and lot of electricity is used. For Network big like Bitcoin, 51 % attack cost is too high but for some new coin where network is not so big (or do not have many miners) 51% attack can be successfully executed. It make coin fully decentralized and anybody is free to mine. POS: It is cheap method and no specialized hardware is required. Electricity requirement are also minimal. One who has large stash of the coin will get big share, making rich more richer. If coin holders want to keep somebody out of network they are able to do so by not distributing there coins outside their network. Great writeup. I'd also just want to add POS also encourages holding Agreed, In POS more you hold, more you get in stakes. POW: For Network big like Bitcoin, 51 % attack cost is too high but for some new coin where network is not so big (or do not have many miners) 51% attack can be successfully executed. It make coin fully decentralized and anybody is free to mine. An 51% attack is completely independent from the consensus algorithm (PoS/PoW). Decentralization also does not depend on PoS vs. PoW. Depending on the implementation of the PoS algorithm, mostly anyone can mine. First ,get your concepts clear, POS is not mining. For 51% attack, if you read the URL topic, you will understand that. For 51% attack in POS, I need to hold 51% of coin. Should I attack the coin in which I am the majority holder. Ok Give me an example in which a POS coin suffered or threatened by 51% attack. POS: It is cheap method and no specialized hardware is required.
It is not cheap, since you have to lock away a big amount of money. It is like receiving interest. Mining is not profitable for every coin.Even profitable it took time to break even. Coin you are mining now changes it algorithm then all your mining equipment will become useless on very next day. With POS , you do not wait for break even time. What do you want to say mining equipment's are cheap? POS:
One who has large stash of the coin will get big share, making rich more richer.
The same applies to PoW: One who has large stash of money will get a lot of asics (and therefore more hashrate), making rich more richer. If coin forks itself and start using new algorithm then all the ASIC will be worthless. POS:
If coin holders want to keep somebody out of network they are able to do so by not distributing there coins outside their network.
Don't Mind, I am just saying if coin creator and his group of friend decided that they will keep all the supply and do transactions between them only , then no body else will get the coin.(Hypothetically possible). |
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if you compare Bitcoin and Dogie Coin chart, then ignore the scales time and price Dimensions
you get basically same hype coin chart structure,
first a high hype price then a slowly jumping down similar like a flat stone trown on water.
from that it is visible that bitcoin is going to die like dogiecoin
At least put the name of coin correctly it is Dogecoin, it is not dogie or doggiecoin. Believe me, it is better than all the shit coin . I do not know but I am always impressed by this coin. Below are my views 3 months ago and I still believe in them. https://steemit.com/bitcoin/@r1s2g3/is-doge-coin-is-not-a-good-alt-coin-to-invest |
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Consider this a bump. lol. I would like to be a merit source no matter if I'm tagged red or not. I still do believe in theymos and this forum. Also you should ignore my last edit of my thread on off topic section. EDIT: @theymos, every time I try to do something, they would tag me, it's like they think that they own this community. https://bitcointalk.org/index.php?topic=3853171.new#newLook like you got the first case for Red tag removal service. I will like to see that tx id in which you are paid .01 BTC. PS: When Theymos clearly says that forum is doing fine and he do not need additional funds you are constantly thinking of funds. If things go on the ways as you think, then there will be a rate list for each crime instead of punishment. |
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Please correct me if I am wrong but I believe the answer is yes. However there are campaigns out there in which the managers only look at the number of posts in the profiles, so it is clear that they are not bothering to read any of the posts. Should those campaigns be allowed? Does anyone know any of those campaigns?
When 90% of coins are scam and every token/coin has no monetary value until it hits an exchange, it is free promotion for the company. If there ICO is success then you don't mind in giving 2% of token as advertisement budget, if it is failure, company is still giving its own worthless token. Manager can help in preventing spam but I think the exact requirement of companies is to get as much advertisement as possible, so they will allow anybody (whether that person spam) because its cost to company is still 0. I think if it become rule that all bounties will be paid in bitcoins only (or any established list of Altcoins.) , I assure you then you find these managers more proactive, most stringent and will be automatically dropping the spammers from their campaigns.
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Is there anyway for someone to explain this in not so technical terms, the pros and cons of both of these and what they are?
From my understanding:
POW (proof of work) is bitcoin Coin being mined through mining rigs using computers. The first computer that finds the answer distributes it to the network and it is added to the blockchain and the miner gets a reward. So the proof of work is the computer computation.
POS (proof of stake) is bitcoin Coin being mined staking that coin over an arbitrary amount of time. You hold the coin and get more of that coin, because you hold it.
Is this correct?
I did some edits on your quote and your understanding is correct. Let me come to Pros and Cons. POW: It is costly method as you need Hardware(sometimes specialized also)and lot of electricity is used. For Network big like Bitcoin, 51 % attack cost is too high but for some new coin where network is not so big (or do not have many miners) 51% attack can be successfully executed. It make coin fully decentralized and anybody is free to mine. POS: It is cheap method and no specialized hardware is required. Electricity requirement are also minimal. One who has large stash of the coin will get big share, making rich more richer. If coin holders want to keep somebody out of network they are able to do so by not distributing there coins outside their network. |
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I think when somebody do the first post a pop up should come "How to find your bitcointalk Profile". But still I do not think it will reduce these kind of threads because all these users will be good in ignoring the pop ups and still go on asking the question. |
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You should emphasize with the example what exchanges/volume classify as large, Medium or small exchanges.
You are missing the the Pros and cons of the Free exchanges in your article but overall your article is very informative.
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Metcalf's law has proven to be false repeatedly. It's just a quack theory to overprice tech stocks.
Any evidence? Because all the mobile phone industry growth proves you wrong, so you are going to need something more than that. I think you are confusing number of connections can be created "between users" with number of "Actual users". If there are 4 users (A,B,C and D) then number of connections that can be made 6 (assuming connection is bi directional) (A<=>B, A<=>C,A<=>D, B<=>C,B<=>D,C<=>D ) If user E join this network ,now only 1 new user added but number of connection that can be made now will be 10 (increase of 4 connection). (A<=>B, A<=>C,A<=>D , A<=>E, B<=>C,B<=>D, B<=>E, C<=>D, C<=>E, , D<=>E ) So in simple words I will say if "X" new user adopt bitcoin (with "Y" existing user base) then bitcoin adoption is increased only by "X" people only but number of connection (i.e transaction that can happen between user wallets,(assuming each user has 1 wallet) is increased by [(X+Y)*(X+Y-1)/2] -[X*(X-1)/2] = XY+Y 2/2-Y/2. If you are assuming mobile industry growth with number of connections available then you are right but if you are equate with revenue/profit generation then you are in wrong side. |
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Maybe i were wrong, becasue i knew that copper member can wear avatar. But in profile section i can't find to upload avatar option. Is it right? Please kindly give me right info Thanks in advance  If you saw some Copper Member wearing Avatar then definitely the forum rank of that user will be Full Member or above. Below quote of Theymos will clear your doubt. Is “copper member” displayed when someone pays the fee? If so do they retain he title after they have sufficient activity to become a “member”?
Once you have it, you get the choice:  |
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5152 new users daily before the merit system was introduced? Holy shit! Seems obvious to me that this doesn't represent distinct entities but rather just new accounts--multiple accounts of people. I wonder how many separate people this actually reflects. My guess is maybe 200 or so, if that. Still, it's good to see that number dropped considerably post-merit introduction and hopefully it'll keep dropping. I'm not saying new users is inherently a bad thing, but I think a lot of noobs are just here to participate in bounties, have zero interest in crypto or bitcointalk, and are going to be lazy shitposters.
Nice data presentation, OP.
I think it has nothing to do with Merit. It is due to the record high of $19K USD price of bitcoin. If you all recall correctly "Bitterex" suspended account creations and people are selling bitterex account at 1 ETH to 1 BTC . Binance suspended for a couple of week. Cryptopia suspended Doge and LTC trading and other exchanges are also going offline as they are not able to handle the traffic. |
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If so, I think it would be better to change it.
It does not. Once you try the request it ends up showing... The way some of the merit abusers are abusing merit, if it was possible, by now you would end up saying a->a thousands of times if not millions  Thanks OP, Actually I have that same question in my mind. @mdayonliner , you are brave to test it , I never thought in my dreams to test this. If in case this is bug (you can give merit to yourself) the next thing I imagine a loads of red trust. |
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RSK is not using actual bitcoins. its using a separate token that represents a 1 for 1 peg against a bitcoin.. and then that token is used offchain.
thus its not adding any smart contract features into bitcoin protocol. its getting people to swap thir bitcoin for RSK token and then having RSK network
though rsk is trying to be another "choice" of another second layer service thats not LN. both LN and RSK are trying to ppretend they are part of the bitcoin protocol, but in reality both not using bitcoins original peer-to-peer onchain, immutible permissionless ethos.
so treat it as a side service for niche usage. and not a thing you want to lock your funds into forever as a solution to bitcoin scaling
I agree with you whatever you said above but RSK is not pretending to be part of the bitcoin. They clearly mention that they have their own RSK blockchain. They are adding value to bitcoin as they have platform in which smart contracts can be done on bitcoins. They are clearly stating they will use GHOST + DECOR protocols. |
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This is rise and fall of crypto currencies means nothing. What new development/technology introduced that should matter. Forget about 30 to 40% gains and just see the below list in which currencies gained more than 100% in a week. https://coinmarketcap.com/gainers-losers/I bet , you might be hearing the name of some currencies first time. |
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What do the people who operate these bounties think of the newbie invasion? Also, people should not be required to post in order to get paid; that's already against the rules.
An idea I had in this vein was that upon registration you'd have to pick one of two paths:
- "I want to discuss things"
= Banned from all money-making/spam-hotbed sections until Jr Member
- "I want to make money"
= Banned from the more serious sections until Jr Member
= You have to pass a quiz before posting which tries to inform you about basic forum rules, how not to get banned, maybe some basic English knowledge, etc. (Quizzes are pointless to stop dedicated spammers, since an answer key will quickly be compiled, but it may help in cases where clueless people are ending up here.)
I think everybody pick "I want to discuss things" because these spammer know they will require to become Jr. member before doing any signature bounty. I do not want posting restrictions for newbies because sometime people just create account in this forum for the solution of their technical problem. Best way is that we can ask everybody to clear the test within 7 days of joining to continue posting. For controlling spam, temporary ban the user , disable the signature for a week and award a black star if 4 post of user is deleted by Moderators in a single week. If user collect 5 black star in a calendar year , user will be permanently ban. |
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I have an interest in smart contracts. For example, something simple like "bitcoin in a specific address cannot be spent until 2019-01-01".
How do I go about creating this using bitcoin-cli?
I already know how to create simple raw transactions and simple multisig raw transactions, but I can't seem to figure out how to create simple smart contracts, specifically timelocks.
I think the example you are giving is implemented by timelocks. AFIAK the smart contracts on bitcoin can be done using rootstock (RSK). It is open source platform and RSK work as bitcoin sidechain. You can get more information about them in their site https://www.rsk.co/ |
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