But you have more bytes  but i wanted more bitcoins See this is the problem with not making our intentions to tonych clear at the outset We didn't wish to reduce our btc holdings when investing in bytes ... well not for good anyway. You can have the best tech on the board but if you deliberately put it all in the hands of the competition and mislead other genuine holders over and over enough times you can turn it into a black hole for btc. Quite an amazing feat that seems to have been completed so masterfully. Of course when tony unveils the masterplan all along and 1. decentralises the network 2. nulls the known ico manager bytes wallets 3. distributes the rest to the honest investors holding bytes 4. starts with the real marketing we will all see a return x10 of the btc that seems to have vanished from our portfolios. |
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You know what? If today was a bull market, Byteball is already shooting upwards to ATH with the continuous updates and developments. It just goes to show you that price does not reflect a value of a coin network. It could be cheap but the value is skyrocketing.
Value will be skyrocketing, when at least 2 problem will be solved: 1) Decentralization Currently, to kill byteball network its enough to disable very small quantity of witnesses. 2) Distribution Developer still holding about 40% of the coins. At least for now still is not much value in this project because the most important thing is decentralization and safety of the network and byteball lack of both . i only wish the best to Byteball and thats why i wrote this post. I hope Tonych will shift accent of developing and targets to solve this 2 problems. I only wish more of the community could see this obvious path to success. |
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I think you are taking away each and every peoples privelage to learn and ask things about bitcoin here in the forum. Your suggestion will surely defeat the main purpose of the forum.
Sometimes the search button is not enough to answer my question because it is slightly different from the previous topic.
I remember the rules and regulation that the rank is not a measurement whether you are a good poster or a bad poster.
Please re-read what the proposal is. I have no idea why you are saying this. You will be able to post and ask just like now but on the junior boards right from the outset. You will also hopefully receive an abundance of help from people hoping to be of use and in return receive merit. Rather than your thread instantly going to page 20 under my ico is best for x reason and copy and pasted news threads, nonsensical bot threads etc. You are 100% correct that rank is not really a measurement of whether you are a great poster or not although I would suspect the number of hero and legends that are bots or pure sig/ico spammers is rather low in comparison to the proportion of new accounts. Most legends that have built their account from noob jail in the start would have a genuine interest in crypto. Again there is no logical reason to not go ahead with it. It will for certain improve posting quality and reduce most of the trash from the main boards. What remains will then be suitable for manual moderation. I don't think we should say because the solution is not perfect that it is not worth implementing. Certain behaviors are not easy to auto moderate so identifying those and manually moderating is the only option but you need to get to a volume level that is manageable first. |
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I reckon what saved Ethereum from being classified as a security was proof of work. Yes it had an ICO, but the distribution of ETH after that was done by mining. I am eager to know how the SEC proceeds in labeling other ICOs that use proof of stake or delegated proof of stake. I speculate that those tokens that were distributed centrally with no mining might be labeled as securities.  The token, the coin, all by itself is not a security, U.S. Securities and Exchange Commission (SEC) Director of Corporate Finance William Hinman said in a surprise announcement today.
“If the network on which the token or coin is to function is sufficiently decentralized, and the purchasers no longer have a reasonable expectation that a person or group is going to carry out a central managerial or entrepreneurial efforts, those assets might not represent an investment contract,” Hinman said before adding:
“Moreover, when the efforts of a third party are no longer key in determining the enterprise’s success, material information asymmetry recedes.
What the third party promoters know about, but investors don’t know about, if this is highly decentralized, that information asymmetry recedes.
As the network becomes more truly decentralized, the ability even to identify a promoter, or someone that could make the requisite disclosures, becomes in many cases difficult or perhaps much less meaningful…
Putting aside the fundraising that accompanied the creation of ether, based on my understanding of the present state of ether, the ethereum network, its decentralized structure, we believe current offers and sales of ether are not securities transactions.Read in full https://www.trustnodes.com/2018/06/14/ethereum-not-security-icoed-security-tokens-can-become-non-securities-says-secI'm hoping that your assumption is correct but reading what he says it seems they may be quite lax on icos perhaps a little too lax All icos should have a 50 % pow phase minimum |
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The forum main purpose is not fighting spammers.
This is a place where newbies are welcome and they can find a community to help them, answer their questions and help them to discover bitcoin.
I started posting here when I needed to clear a doubt about btc . I needed to create a topic for that. then I discovered how nice his place was and became a member.
Shitposting is a problem, but the forum is still working. Your solution would take out an important functionality from the forum.
Why could you not post on the junior board? What reduction in functionality would you experience based on this specific personal example? |
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<...>
I do not follow this logic...
<...>
Fella, your logic is based on two false assumptions: 1. 100+ merit -> good poster 2. 100- merit -> bad poster The first assumption is false. I already showed you the reason, that's because of merit airdrop. The second assumption is false. That's because of Nullius-like or Anunymint-like members. Let's discuss ... it is to be a decentralised decision of what makes a good or bad poster my method would leave it to all those that already have sufficient merit to decide upon what is good and what is bad. the board would naturally through a decentralised process decide who and how quickly should be able to start threads on the main board. bad would not qualify or at least be very delayed at reaching the main board. it is not only a matter of good and bad it is also a matter of real poster vs bot also this is only thread starting on the main board ... although posting at all even in thread could have a 25 merit threshold. I don't get your point about anonymint ? he was an exception to the rule and was banned due to some disagreement with the mods although obviously a high merit worthy member (imho). I don't think he would have any issue starting a new account and accumulating his merit threshold in a very short amount of time if this ever became an obstacle for him. I'm not sure how we can argue leaving things as they are now is a better option. |
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Their is a new project that has emerged, similar to KMD. Its better in my opinion. ZelTrez.ioZel.cashI imagine ZelTrez will be like Google Play Store, for crypto. You have a vivid imagination. .................................... .................................................................. ............................................................................... .......... more shattered dreams. |
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Really? And you actually just got what? 17 merits despite being a "legendary?"
Don't get me wrong, I just wanna say my point related to the merit airdrop.
Ranks don't matter anymore in bitcointalk, other than for signature campaigns. A few users don't merit legendary ranks as they think that is a waste of their sMerits, they would rather spend that on lower ranked members. Also just because one user is "legendary" doesn't make him a good poster.
I see things getting worse so I don't see we have any option but to introduce something like this.
I see no actual valid reason to not introduce it.
There has been no good rebuttal so far.
How could you possibly not see it? This is a terrible idea. Some users come out here to ask legitimate things and not all of them are good posters at start. People have to stop expecting nullius-like post quality from newbies. And I am a fucking hypocrite. This option SHOULD NOT be implemented. I am sure there are other ways to stop people from spamming shit. Why don't you start off with reporting 100s of posts per day? I do not follow this logic... that is not to say I am correct and that you are wrong. I am always happy to discuss and learn and change my opinion. They can still ask these questions on the junior boards. Those even attempting to join in and contribute to legitimate and worthy discussions can be given merit. I would find going there browsing through a selection of good threads, then meriting those making real effort to help or even joining in conversations of worth and interest far more rewarding than reporting 100 spammers, ico bots, post pasting bots and then the mods have to confirm and delete and take action. This is a wasteful and unpleasant process and it is also a very centralised bottlenecked process at the mod level if doing it this way. It is also a very negative thing to report person compared to giving praise and merit. You are not to expect highly detailed knowledge of conceptual design and coding from anyone on this board including legends of course only a willing and helpful attitude to contribute and converse with others. I am not really complaining at the obvious tech brain drain and dilution since the days of hardcore bitcoiners - that was always going to happen. Let's be honest what percentage of the board actually would have the capacity to understand many of these designs at a deep math level. I don't think it's essential most need to understand at more than a very basic level. However the board is now nothing to do with the tech or about the aim of creating decentralised trustless networks... it is simply becoming a marketing board for icos through various posting techniques that make the board almost worthless to anyone other that to hammer the search function for specific details you may want to look up from years ago. Having a sensible vetting period that is semi automated is the obvious choice. This will be a decentralised vetting process since those with the most merit to give will be free to peruse the junior boards and all be mods in a way. |
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100 merit+ to start a thread on the main alt or btc board
<...>
Really? And you actually just got what? 17 merits despite being a "legendary?" Don't get me wrong, I just wanna say my point related to the merit airdrop. Let's be serious now 17 since the merit was introduced what about the previous years. Also I don't think it is worth giving merit to a legend since he is already at the top level. I'm sure many others see it the same way. The idea has merit and you can still post on the junior boards. Perhaps we can bring it down to 50 merit. I see things getting worse so I don't see we have any option but to introduce something like this. I see no actual valid reason to not introduce it. There has been no good rebuttal so far. People claiming there can be workarounds is fine but they require more hassle, time and money in most cases this will cause a reduction in the things we all want to see reduced. Imagine if reporting to a mod is the only way forward. It is just not feasible to have such a manual system for such volume. The noob jail was removed because it was manual and of course too much work. Still it was something we all had to go through. The 50 merit is not as bad as a noob jail because you will have many good posters in there still building their 50 merit and the quality will be far higher on the entire board because bot spammers and puppet accounts will have less and less reason to exist. |
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market decouples more and more from bitcoin, originally most altcoins were bought with bitcoins, and bitcoin was used as a front runner to attract investors, now altcoins often look directly for their investors themselves so they get bought with usd. in the future we can expect. altcoins being used in the economy altcoins buying and funding each other  there will be a new area you should prepare yourself for it is: the new area where people hold and work for the coins of their style, focus more on their work, and secondary on the money they hold. i wrote a while an article about that future some while ago maybe i will update it with the current development, but it continues as i expected. I'm not sure this picture demonstrates anything other than a relief at the SEC giving today icos a signal they will be okay I would not like to say any alt has ever improved upon btc The ones you have circled perhaps except eth don;t even have any hope of claiming to be decentralised trustless crypto currencies ICO should not be compared with long term POW coins. I would never bet against btc with any of those perhaps except eth but again we will see how that goes. Didnt notice xmr I would not level the same criticisms against that as at icos. |
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big news I would expect a huge huge rally after such pro crypto news from one of the main sources of possible problems for crypto.
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And then what? Just stay in the sidelines and miss the opportunity to be part of something revolutionary. Why exit the market when it is on the way to recovery. Just use the lull to find ways to raise funds to buy more bitcoins.
There is no opportunity. The party is fizzling out. You will not get rich quick. Yep NO OPPORTUNITY here folks. Just groundbreak tech that can revolutionise the very way we live in multiple ways perhaps as large as the invention of the internet or greater. No opportunities to make money. Just sell at a loss now and walk away please. Of course buying dreams and talk promises can be risky so do more homework and find the real gems here. |
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if it is launched POW and open source then sure
if not it will just be centralised tokens that are not trustless
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The board is a mess. The average thread content a year ago was worthwhile.
Now both the main boards are beyond any reasonable moderation. There is too much low quality volume. It is a mass of which ico is best and copy and paste bots reposting threads over and over.
The real members that did post quality content are leaving.
The board needs to be slowed down and 90% of the trash cut away.
You can't even start to moderate this much volume with most new members not even bothering to pretend to keep to the boards guidelines.
100 merit or cant start a thread on the main boards.
mods will stand of chance of moderating to some degree after that
sure some will find workarounds but mods need to get on top of what can not be automated.
Junior boards or noob jails are essential - the merit system is good but does nothing to prevent people spamming their project and building a ton of bots and puppet accounts to spam with them. I see entire threads pages long all pump the same shit and not 1 account has any merit in pages and pages of accounts.
It used to be great to drop in here and read some really interesting and great discussions by the more knowledgeable members and get to ask them some questions..but now just pages and pages of nothing but ico pumpers and spammers and noobs asking the same questions over and over again.
Honestly I don't think the main alt board is really even moderated now, and I don't blame them, it moves to fast and nobody there even tried to adhere to the rules.
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100 merit+ to start a thread on the main alt or btc board
junior boards opened for btc and alt sections for all the...
which ico is best threads, my ico is best threads, i will copy and paste other threads to boost my post count threads, etc
the boards simply moves too fast with many many duplicate threads and most are just pump my ico threads anyway by armies of sockpuppet accounts with zero merit
mods need demerit powers really for obvious spammers who have purchased high level accounts but never post anything of worth and just use them to spam for different icos
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where is the never option?
panic is the worst thing you can do.
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Perhaps the best answer is to be distributed rather than pushing it all on to one project.
Have btc as the unit/storage of wealth
Several "good " alts with wide distribution - ltc, doge, etc, as spreading the tx load.
LN has it's place but it is moving in the opposite direction to the decentralised trustless end to end arena most wanted at the start.
when you boil all other alts down and take into account the years btc has been here it seems the limitations of btc are simply part of being so decentralised and so trustless. You want higher tps you have to give in the other 2 areas or open yourself to other issues.
There have been no solid improvements over btc design yet by other alts. LN is another work around but again you are losing a lot of what btc provided.
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So i heard they liquidated already enough btc to pay their debts in usd terms
They should have been forced to return btc to those that had btc there
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Is ada or eos better than bitbay? is dpos really better than pos3 - who knows ... but what matters is what people believe at the time
50m project or 5BN project. Of course icos with real narrow distribution can have huge fake caps but those are all i hear ppl talking about since they are hyping new mechanisms that can push high tps.... never mind the centralisation to a certain degree
The TPS hype like most hype trains are probably orchestrated with pumps from exchanges anyways who are probably in on it. Even if it wasn't, DPOS is not better than POS3. It has the drawback of not being able to see the genesis, no reputation system, the voting can be gamed and politicized via offering incentives, there is not enough nodes. It's a great start for extremely large scalability and has proven that. But it needs to be not so rigid such as a limit of 101 delegates or X delegates. It needs to be where people upgrade their hardware, offer it to the network, prove they can handle the volume, etc. No voting required, just reputation, benchmark, and very well planned pruning techniques that leave almost no doubt of botnet or fraud. I've learned a thing or two from watching the rise of Larimer and it was obvious he wasn't gearing up for decentralization but commercialization. He chose a technique that would get him adoption by getting users regardless of how much decentralization was sacrificed. The strategy worked, I knew it would. We have already taken a page from that, we are now looking to teach our team about web based markets. We think of simple systems that can be used on phones, we look at architecture that can scale the chain. The peg database actually has to prune or else it will simply fail. The transactions for the peg are 100 times larger unless put into a liquidity pool per account after a certain number of blocks. If we had a million users it would be probably around 40 gigabytes for that and another 20 gigabytes to support 100k tx per 400 blocks (temporary not pruned storage). I'm building it to scale. Users can always rescan and verify that data again. But the blockchain itself can't currently be handled with pruning until a very major change to protocol happens. (to support high TPS). At BitBay we do things correctly. Thanks for this great answer david. I guess if all laymen investors could have the insight of skilled developers the top 50 would look quite different. It's a shame noobs are so easy to hoodwink with hype and manipulation. I really hope bittrex and upbit will work with our new peg. Bittrex loves real innovation and they work with ignis which i think needs some special software to run too so they hopefully would be good with it. |
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