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1921  Alternate cryptocurrencies / Altcoin Discussion / Re: Steemit how can this thing be workable long term? on: July 16, 2016, 02:13:20 AM
I don't know whether steem will work (nor will I take the time to research it beyond its grab bag opening), but this on the front page of MSN money woke me up on how quickly a coin can go from unknown to news. Nice to see the media is still paying attention to our little nerdopia.

https://www.msn.com/en-us/money/markets/new-digital-currency-sees-2000percent-price-rise-in-a-week/ar-BBunPCQ?li=BBmkt5R&ocid=spartanntp
1922  Alternate cryptocurrencies / Altcoin Discussion / Re: Bruce Wanker Talks about The DAO attack on: July 15, 2016, 06:36:23 AM
smooth is cashing out roughly $50,000 per week.

Is that a meritocracy?

TYVM for the specific insight into our present and eternally static meritocratic system of crypto-capital allocation.

Yes, this is meritocracy.  Embrace the invisible hand; eschew your false preconceptions.  Sacrifice them to the God of Empiricism.

Because of your status near the bottom of that objective meritocracy, you are not gaining $50k/week (SFYL).

Hence the uninterrupted fusillade of butthurt.

I won't presume to speak for our clever steem tycoon, but will say I'd put a non-trivial % of that $50k/week into Monero, were I to be in his shoes.

Specifically, my normal allocation for Free Cash is 1/3 Money 1.0 (gold/silver bullion/miners), 1/3 Money 2.0 (Bitcoin), and 1/3 Money 3.0 (Monero).

So I'll try to remember smooth-type Steem whales will, per capita, be putting about $17k/week into Monero, for the duration of the present Digg 2.0+blockchain fad.

You need to stop whining and give your all your remaining money to smooth.  Or use it to tip fluffy for that boss-ass pitty t-shirt he was sporting.

I don't care if you need that money to eat, because smooth will do more with his strong hands than you would ever accomplish by flailing and drowning in the altcoin continuum.

Can we re-tune this as, "Idealism profits a man only once, it's a star-struck way without means." Smooth saw an opportunity that didn't meet the fraud test (Does it advertise itself as something else: yes/no?) and made the  best of it. He has committed to a policy against fraud, not fools--my question is whether steem is useful?
1923  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 15, 2016, 06:21:24 AM
GUI priced-in already?

I suspect it mostly has not been priced in yet. Most people don't even know what monero is, let alone know to look for GOOEY.

Lots of people have heard of Ethereum but only because of the price and its infamous DAO shit-fest.

Monero is still in the accumulation phase.

I hope you're right, but a tempered mind is a prepared mind. The other factors will help grow a permanent base of users, which is much more important for future growth--though there should be some tremors of interest (all meanings apply) in the meantime.
1924  Alternate cryptocurrencies / Altcoin Discussion / Re: r0ach's Cryptomarkets Watch & Scamcoin Observer on: July 15, 2016, 05:44:45 AM
I went and backtested Armstrong's recent talks over the last few months.  Someone asked him on camera around March what he thought metals were going to do in the near future and if he was bullish.  He said they weren't going to do much and then the price exploded upwards shortly after.  Other people have noticed after Brexit that metals (and Bitcoin) benefited more over the US dollar, so this whole conspiracy that the world is going to all-in on the dollar during financial collapse is baseless IMO.  

When a severe lack of trust forms over the competency and solvency of the EU governance, NOBODY is saying to themselves "hey, maybe I should invest in the American government run by the same banks and people."  

"Absolute power corrupts absolutely"--this applies to nation states as well. My theory is that a corporate state rises from the ash heap of oligarchy by vote--it's no wonder that the tribal system has acted out with such menace--they are trying to chatter up the primal bowel of man to shake him down with images of death to shock him out of his tune-out mantra of pokemon go and universal healthcare. Their point is that no government can protect you, Capitalism's point will be "we can offer you these same service with better assurances at reduced costs.... interested? Good, now I need you to fill out these forms....."

This may seem to contradict what I said the other day about Capitalism needing a free-output for wealth recapitalization, but IT LOOKS REALLY TEMPTING to embrace a closed system like China's when, "how else do you keep your consumers from being shocked out from their Disney stupor?"

My answer, "Democracy's hard."
1925  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 15, 2016, 05:08:57 AM
What doe you guys think is a likely year-end target and what will drive it? The new wallet? Any reasonable chance of $4 to $5 in the near to medium term?

That depends on a lot of factors. Namely: is GUI priced-in already? Do markets sprout from the easier implementation and better framework?Do Kovri and CT, with quick follow-ups, continue media momentum? Does a Big Name accept Monero? And most importantly, do more users use Monero or does it meander on the speculative bubble of BTC money--the latter shows why we should encourage Bitcoin adoption--as it is like a gateway drug for fincen money try it out.

"Like it?"

Guy nods.

"Good, I've got this other stuff over here, which allows you to hide your transaction data.....

Wanna try it?"

Protonmail would be a  good opportunity to highlight Monero's superior privacy.

https://protonmail.uservoice.com/forums/284483-feedback/suggestions/14308680
1926  Alternate cryptocurrencies / Altcoin Discussion / Re: Proof-of-stake can never scale without blowing up, because PoS isn't trustless on: July 14, 2016, 04:22:34 AM
generalizethis, you are feeding the troll. Please let me deal with him. He will just take you on a meaningless verbiage troll fest filling up the thread with meaningless words.

Let me corner him with his own words, since he is being such a bastard by refusing to acknowledge that I already answered specifics, which he now pretends I didn't refute.

steps away
1927  Alternate cryptocurrencies / Altcoin Discussion / Re: Proof-of-stake can never scale without blowing up, because PoS isn't trustless on: July 14, 2016, 04:05:08 AM
If it reaches a large enough valuation, then the incentives to game DPoS should kick in, which looks like it would end up being a power vacuum battle over influence of the ecosystem and profit opportunities with that ecosystem.


Good call.

Shelby, don't stress too much over kiklo. Let's ask him a question and see if there's hope. Kiklo, what theoretical evidence would convince you that POS fails decentralization (theoretical is purposely being used in multiple sates here)?

At least that is a attempt at conversation.

... if the Government taxes it at every transaction til they gain majority ownership.


So if that's demonstrated theoretically,  you will acknowledge POS fails at decentralization? --not sure why taxation must be the method, but I'll keep from getting sidetracked from the point.

Also, the topic is POS, so let's stick to that.
1928  Alternate cryptocurrencies / Altcoin Discussion / Re: Proof-of-stake can never scale without blowing up, because PoS isn't trustless on: July 14, 2016, 03:25:07 AM
If it reaches a large enough valuation, then the incentives to game DPoS should kick in, which looks like it would end up being a power vacuum battle over influence of the ecosystem and profit opportunities with that ecosystem.


Good call.

Shelby, don't stress too much over kiklo. Let's ask him a question and see if there's hope. Kiklo, what theoretical evidence would convince you that POS fails decentralization (theoretical is purposely being used in multiple staes here)?
1929  Alternate cryptocurrencies / Altcoin Discussion / Re: Capitalism, Socialism, Altcoin Land on: July 14, 2016, 03:13:37 AM
What follows is prefaced with the acknowledgement that the OP used Capitalism and Socialism in CAPS and in side-by-side relation. When we think of Socialism and Capitalism as complete political systems (are there any other systems that matter more in quality of life and survival?), fear is what determines how successful a capitalistic "lord" system is at redistributing (redistribute is an innocuous word that shows the observer's lack of side taking)wealth in a more satisfactory fashion in the overall demand of Capitalism--we are accepting Nick Land's observation that Capitalism's main goal (fear) is (non-death [it's not by accident that Singularity is the term to both describe a-timeless-moment and the birth of an intelligence that cannot comprehend the workings of its world without artificial means] --mouthful, I know, but it's important to make the semantical structure accurate [or as accurate as possible] to avoid miscommunication).

I'll skip a treatise on Capitalism to validate/invalidate my world conception ( though it's wrong--it has to be), but what the aim of any philosophical thought should be is: less wrong or more right--though less seems more when men tend to take a little right and make it a lot wrong. What's important to answering your question is to ask if cryptocurrency helps Capitalism move (always faster, sometimes more efficiently, sometimes not) and fits the long pattern of Capitalism building sub-systems that are more and more efficient at creating more time (for rest or work is beside the point, as is whether it creates more time for you or not--its a system, we're just parts keep this statement in context, please).

If you take that cryptocurrencies make more time by creating a faster security apparatus, then you should conclude that cryptocurrencies do have a connection with Capitalism.

 
1930  Alternate cryptocurrencies / Altcoin Discussion / Re: How would you ride an obvious pump? on: July 13, 2016, 04:34:26 AM
Like a big, long cock--just remember to say "thank you!" after you've been screwed.
1931  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 13, 2016, 03:37:03 AM
Seems like btc newcomers have all started mining Monero... ATH difficulty, 303xxxxx
Price is way to low for the new hashrate... I'm beginning to worry its actually coming from botnets...



I'm beginning to think a lot of the hashrate comes from what I call "benign botnets" or what some have called "evil sysadmins". I know of at least 2 individuals that have popped up on IRC asking for help with setting up such operations. if there are 2 people that find their way to monero irc to look for help because they don't know what to do.... that means there are probably a sizeable amount of sysadmins that do know what they are doing and do not need to show up at monero IRC asking questions and therefore are just happily mining away with otherwise idle computers that are severely understressed with their MS office and Edge workloads.

Also keep in mind that for a while, even at 20 cents / XMR, the hashrate was at 20 Mh/s... so perhaps the recent price spike has brought these players back, whatever they are.

I wonder if some aren't leasing these resources and risk nothing in the process?
1932  Alternate cryptocurrencies / Altcoin Discussion / Re: r0ach's Cryptomarkets Watch & Scamcoin Observer on: July 11, 2016, 09:04:00 AM
, but I don't think they counted on space exploration, and compared to what we have now, infinite resources as far as imagination can see.



 Cheesy

What percentage of the world's population has electricity?
An estimated 79 percent of the people in the Third World -- the 50 poorest nations -- have no access to electricity, despite decades of international development work.


Does the world have enough resources for all, Sure does.
Could be a Utopia.

But the evil ones always limit access to those resources to increase their own wealth.
North Korea is a good example, their people are starving but their leader is fat.
Bad Management especially considering they are next to the ocean.  Tongue

 Cool

FYI:
Riddle for you,
US went to the Moon & Back with 1969-1972 Technology.
Why is it , that no other country with 2016 Technology has been able to send a living man to the moon and back.
Clue : Van Allen Radiation Belt


Taking my quotation out of context will give you your desired results--not correct, but desired.

I was making a general commentary on capitalism and how it works--and by that standard, there are limitless resources in space (as pointed out, by comparison of our current earth bound measure), now that's not saying how those resources get distributed (likely into a few hands and redistributed badly), but that doesn't make the system work differently--now whatever you're insinuating about the moon, maybe just say it instead of playing riddler (as the Gertrude told Polinius "more matter, with less art.")
1933  Alternate cryptocurrencies / Altcoin Discussion / Re: r0ach's Cryptomarkets Watch & Scamcoin Observer on: July 11, 2016, 07:31:47 AM
When someone finds a way to short the entire world economy, call me. It's just being moved from one hand to the other (but becoming less handy).

Gold  :Roll Eyes

BTC  Huh

The new network will need to feed all those competing for resources--not all those resources want, or even should be, easily tracked or be worth their (market manipulated) weight in gold. If cryptonight was developed by the NSA (who knows), it was with the purpose of destroying China's track-it money. Freemarkets wreak havoc on closed systems, no matter if they're hybrid capitalism or not--once you close it, the capitalistic (feed me, feed me more, more, more!) system isolates the cancer and grafts resources as best it can without letting the non-capitalist contagion grow into anything but competitive motivation. Funny that there are a group of people that think you can destroy capitalism by over-feeding it (the housing crisis showed human emotion kicks-in and reacts by limiting the damage while the machine gets more efficient and stronger), but I don't think they counted on space exploration, and compared to what we have now, infinite resources as far as imagination can see.

The machine will press on and it's just a battle for who thinks they are behind the wheel. To put it another way. If you remember the conversation we were having on whether ai can be creative, Shelby, I figured out that if you create a machine that can adjust its programming, and this is important, force it to fight for resources against other thinking machines (humans or otherwise) you get creativity (unless you want to define it in metaphysical terms and get all misty eyed over human consciousness).

[/rant/observation/whatever]
1934  Alternate cryptocurrencies / Altcoin Discussion / Re: Honestly, which is better? Monero or Dash? on: July 09, 2016, 05:26:10 PM
I think that both are good options. Each one has its own features and both offer complete anonymity. Its only a matter of choice.

There's no such thing as complete anonymity--as no coin can force you to do OSPEC--but of the two Monero is the one that offers end-to-end privacy, so it offers the superior design. Now whether you implement it correctly or are up to date in limiting attack vectors that exist in your OS, network, or other parts of your system, that depends on you. No coin can design and maintain your computer or your habits, so the best they can do is offer the best solution when you are following OSPEC and are diligent in your habits.
1935  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 09, 2016, 08:09:53 AM
I'm titling this: Black Ops Money and Crypto-Nerds Cross Paths with Idea on the Table


1936  Alternate cryptocurrencies / Altcoin Discussion / Re: Moneroman88 is a card carrying member of the core founders of Monero. on: July 08, 2016, 03:22:11 AM
This guy is a reverse shill and we disown him from the Monero community

Please report to moderators as Spam




Not true.

Moneroman88 has been a tried and true supporter of Monero since the first day.

Rpietila, arguably the face of early Monero publicly supported Moneroman88.

Smooth, Fluffypony and quite a few others were also supportive of Moneroman88.

He fell a little out of favor for calling a lot of you guys out for the blatant BS you were engaging in.

How despicable that this current crop of Monero frontmen treat an early core member like Moneroman88.

Moneroman88 is a card carrying member of the core founders of Monero.


~BCX~

Despicable? Really? Maybe reserve that word for ethnic cleansing, human trafficking and other such despicable things. Otherwise (like threatening to destroy coins too much and failing) it loses its effect on the reader.

I like Moneroman88, but every person in the Monero community can decide for themselves who they like and who they don't without being despicable.
1937  Alternate cryptocurrencies / Altcoin Discussion / Re: Theymos: I do think that MONERO is probably the BEST altcoin right now on: July 07, 2016, 06:59:53 PM

WOW yes it has ok volume and is traded up/down like EVERY OTHER coin?! So??  That's all that chart shows. That's all it is, a tradeable coin!

Tell me how it's being useful or will BECOME useless and/or used?  Nobody or no company wants to bother with it real world.

Well a guy who actually cares about true anonymity uses it (Peter Todd), can't find him tweeting about any of the coins in your post history--I wonder why that is? Oh yeah, and this dude has an XMR address on his profile page https://bitcointalk.org/index.php?action=profile;u=11425 Though I can't find any other but BTC. Wonder why that is?

A guy who calls himself trueanon should know more about anonymity (and certainly which coins are best at it) instead of pimping a bunch of coins that have nothing to do with anonymity or do it very, very badly. Now step off and get out of the way, little man. Or maybe try xmr.to or shapeshift and upgrade yourself to theformerposertrueanonwhonowatleastknowshowtoimprovehisanonymitybutprobablyneed storeadafewbooksbeforehegraspshowitworks.
1938  Alternate cryptocurrencies / Altcoin Discussion / Re: Time to end the XMR vs DASH battle: Confessions of a Dash Enthusiast on: July 07, 2016, 05:13:37 AM


The whole crypto space is full of scams, trolls, assholes & worse. I play my one fucking joke and the shit show comes to my feet.

Good fucking riddance.

What a fucking hypocrite--you're probably the type of guy who argues with his girlfriend, goes out and cheats on her, and then blames her for "making him" cheat on her.

Grow-up. No one forced you to fake being someone else and take money from the people who believed you.

And yeah, they should have been more careful with their money, but that doesn't reduce (let alone excuse you from) your part.
1939  Alternate cryptocurrencies / Altcoin Discussion / Re: Time to end the XMR vs DASH battle: Confessions of a Dash Enthusiast on: July 05, 2016, 07:24:37 AM


No, I'm not condoning it. The actions of The Dash Guy, while solely for the purpose of turning the tables on people who have been attacking Dash mercilessly for years, might not have been the best way to get his point across.

As far as the "scam" comments, just so we're clear, I'm talking about your "house of scammers" comment, which would certainly imply the whole Dash project. So I understand fine the meaning of your previous comment, and that is the one I took exception to.

Always nice to debate you, I always had a soft spot for you...

Typical muffled indignation I expect out of politicians and used cars salesmen. You have your goons also, so the turning the tables while getting paid is hardly justified by a "I don't like his methods, but it's about time" attitude.

As for dash being a house of scam, go ahead and take exception. Dash's media claims it is decentralized, yet it is designed to be centralized https://bitcointalk.org/index.php?topic=1443867.msg14601018#msg14601018, and the media claims dash was fairly launched and has no premine without stating that it has the equivalent of one through the process of an "accidental" instamine--you can play naïve on your own time, but I know when semantical distinctions that are attempting to misguide and circumvent reality are being put into full force and creating obscene arguments of "well it's the truth because you can't prove otherwise."  

This is my time and I'd appreciate if you didn't waste it with fluff and false claims of indignation--while I can't prove that you know better and aren't the slimiest of the bunch (hiding under a veneer of chimerical enthusiasm) if you slip-up once and lose your actor's notes....
1940  Alternate cryptocurrencies / Altcoin Discussion / Re: Time to end the XMR vs DASH battle: Confessions of a Dash Enthusiast on: July 05, 2016, 04:27:40 AM
The waitress said, "what about masternodes?" Coke machines! Coke machines! Lined white is the way to heaven! One long drag smoking white poles of Peruvian god dust. Those mountains soar like an eagle fidgety with living--what! Who was that! Fuck, fincen and the horse they rode in on. Damn bloggers just keep ranting 'bout the effects without knowing the effects--take another run up the mountain and fly! That's effect.
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