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1961  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 26, 2016, 03:34:48 AM
Polo will remove XMR market and replace with ETH one.

Then there would likely be an ETH/XMR pair!


Finally!

1962  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: May 26, 2016, 02:09:19 AM
sigh.

I don't even know why I'm responding here.  People's minds are clearly made up, and people's lines are clearly drawn.

Full disclosure.  I yelled pretty loudly last year that I thought the block size needed to be raised.  Some agreed; others didn't.  That's okay.  It's not a decision for one person, whatever I think of the quality of my assessment.

I watched blocks start filling up, and on some days there was a very large backlog of transactions.  People were still arguing about the block size increase.  

The camps started to regard each other as enemies and accuse each other of trying to destroy Bitcoin.  Still no block size increase.  Arguments only growing hotter.

People started to openly threaten each other, with schemes to deliberately subvert consensus and plans to engage in deliberate double spends and other scamming behavior held over one another as threats.

Some asshat started blowing something like $60G per week (unless it was a miner - in which case they may or may not have broken even on the increased fees that legitimate transactions were paying) just to stuff the block chain - either because of an enormous financial need to influence the block size decision, or because hey, if we can make them compete with each other more for the fixed amount of space available, it's profitable.   Community could have had any number of constructive responses but instead just started howling and blaming each other.

At about this time I gave up on the community and sold my coins.  If the people driving the decision were functional and worked together, or even if they had been discussing the problem in good faith, I would still be a believer even if block size didn't immediately increase.  But that's not what happened, and I've seen too many other cryptocurrency ideas die horrible deaths.  Digicash, Ecash, E-gold, Beenz, etc...  All kinds of things that existed before the Nakamoto Consensus Protocol was invented, showed up and died.  Most of the centralized or owned ones wound up in court.  The few "decentralized" schemes (which still required a central authority to control userIDs because they were focused on reavealing a userID if AND ONLY IF that user attempted a double spend), died of non-participation as people didn't bother dealing with a gatekeeper.  And a couple of other systems that might have succeeded, died of toxic communities and an inability to work together to solve problems.  IE, of exactly what is happening here.

This one got further than any of the others, and a lot of non-cryptography people have heard of it where most never heard of the previous ones.   So writing it off was a real shame.  But I have not recently seen any reason to believe this community is going to start working together to reach any consensus, and in the absence of any willingness to try, it's simply a poor investment.  And the technical problem with scale is real.  I haven't seen any worthwhile approach to dealing with it - not the one I suggested nor any of the others.  

So...  I'm out.  And I'm pretty sure I'm not the only one.

No mention of segwit's effective blocksize/tps increase?  Not sure if honest oversight or intentional deception....

Sorry you couldn't cope with the unbearable economic reality of cosmic background spam and $0.05 tx fees for using (the premiere) Magic Internet Money.

Actually it's a relief to read this, as it signals a bullish capitulation from the "MOAR RIGHT NAO BECAUSE FREE TX4EVA" side of the debate.

Granted Cryddit is a crypto Greybeard and I'm just a smart-ass troll (albeit one who likewise watched "Digicash, Ecash, E-gold, Beenz, etc..." come and go) but none of Bitcoin's antecedents came close to providing the revelatory, world-changing potential I saw when first reading Satoshi's Holy Whitepaper.

I still feel the same inspiration, and my optimism is trending higher than ever thanks to the antifragility demonstrated by Bitcoin's successful resistance to the Gavinista governance coup (and implied contentious hard fork).

My greatest regret in this matter is not buying some collectible Golden Age BTC from Cryddit (a suspected Satoshi associate/member) when I still had the chance.   Cry

In both of our cases, Bitcoin is once again the Devil's way of teaching economics to nerds.   Tongue
1963  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 25, 2016, 10:33:22 PM
When Bitsquare grows to include lending/margin markets and Tether, why would anyone want to put up with Polo's counterparty risk, trading fees, KYC/AMA, and PG rated troll box?

The answer, as always, is convenience and ease of use. Bitsquare requires users to run their own wallet software, where Poloniex is just a website that you can log into and trade.

I don't see centralized exchanges going anywhere soon.


Ease of use cuts both ways, EG when Polo is down from DDOS or too many users, or you are a user in New York State/Venezuela/Iran.

Convenience cuts both ways, EG when Polo demands to sequence a stool sample to authorize withdrawls (but not deposits of course) or when they get hacked/Goxxed.

Bitsquare only very recently got to the holy grail of a decentralized exchange.

Absent .gov crackdowns, they won't replace centralized exchanges soon(tm), but in a few years I expect to run Bitsquare on my phone (natively or possibly linked to a VPS backend like Mininero).
1964  Alternate cryptocurrencies / Altcoin Discussion / Re: TPTB_need_war Bitcoin Fork in the making! on: May 25, 2016, 10:25:32 PM
AnonyMint is one clever mofo. I am sure he will no longer use words.

And you will bow at his feet. Keep your television tuned. The fireworks haven't yet begun.




1965  Alternate cryptocurrencies / Altcoin Discussion / Re: Anonymint, Smooth and ETH LOL on: May 25, 2016, 10:14:05 PM
Smooth

What the hell did you guys do to Anonymint? I haven't heard from him since the Monero/Aurocoin wars of early 2014 and all of a sudden I get an email manifesto from him that could have been written by Ted Kaczynski aka Unabomber himself expressing an undying love for Smooth accompanied by 11 pages of mathematical proof for an exploit to the anonymity of several block chains. Seems he would like me to avenge the attack on his honor since his current bout with poverty and frail mental health prevent him from doing so himself.


Early 2014 is when Satoshi was hacked, fwiw (I know some have speculated about a Satoshi connection). 

Just for giggles: https://bitcointalk.org/index.php?topic=1474403.msg14881854#msg14881854.

Wow, what nice rabbit hole bait.

Anonymint's nearly unimitable crazy style of hustling is an astonishingly close fit for Craig Wright's similar pseudo-polymath approach to bamboozling.  If they aren't the same person, they should be friends!   Cheesy

Anonymint reportedly (per Risto) has history in the Silver Bug area of the Professional Libertarian community.  EG, he's done business with Jason Hommel.

Which brings us to JVP, another Professional Libertarian with a much stronger presence in the hard money crowd.
1966  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 25, 2016, 09:34:20 PM
Brand-new Bitsquare release with Monero support!

https://github.com/bitsquare/bitsquare/releases/tag/v0.4.7

Awesome.  Can't wait for ETH support to bring in the drooling masses!

I wonder if Poloniex will get around to adding an ETH/XMR pair before Bitsquare makes them obsolete...

Has anyone tried the site (Monero or other coins)? It sounds like a great concept, but I haven't seen any user reviews.




I've successfully completed one trade on bitsquare. This is fantastic news and I hope everybody support bitsquare by adding liquidity to the market. I certainly will.

Hueristic,

When Bitsquare grows to include lending/margin markets and Tether, why would anyone want to put up with Polo's counterparty risk, trading fees, KYC/AMA, and PG rated troll box?
1967  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero -- WARNING about moderated threads on: May 25, 2016, 09:30:23 PM
"WARNING about moderated threads"


*IS POSTED IN A MODERATED THREAD*



1968  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 25, 2016, 09:27:21 PM
Brand-new Bitsquare release with Monero support!

https://github.com/bitsquare/bitsquare/releases/tag/v0.4.7

Awesome.  Can't wait for ETH support to bring in the drooling masses!

I wonder if Poloniex will get around to adding an ETH/XMR pair before Bitsquare makes them obsolete...
1969  Alternate cryptocurrencies / Altcoin Discussion / Re: Should Monero run an ICO? on: May 25, 2016, 09:23:44 PM
TLDR: Monero can currently be considered a failed project as development has halted. They lack capable developers and funds to attract capable developers to help develop the coin. Should the Monero team run an ICO? ie. ICO & exchange of current XMR (Proof of Ownership) to the new chain?

Seriously dude, WTF is wrong with you? Development has not halted, there is development like every day, a significant new update with massive performance increases is imminent. It attracts not only capable (many) but also top tier developers like hyc and the unfortunately now-deceased warptangent, and even idiots like me who help (if you could call it that) with debugging occasionally.

There is no reason to insult the excellent developers who have worked hard on the project for little money or as volunteers and done great work. If you want to insult me, go for it. Don't insult them with your retarded trolling.

Change "Monero" to "Bitcoin" and you'll instantly know how I feel about ButtCoiner types moaning about Core "stagnation."   Wink
1970  Economy / Scam Accusations / Re: EmilioMann, John Connor, & VanillaCoin/VCash are lying about Monero exploits on: May 25, 2016, 09:20:51 PM
EmilioMann is a key supporter of Decred, and one of the few Facebook pages I follow since it's Decred related. At first, I was ever so slightly critical of Decred which has been curbed, I personally do not hold any DCR. Hope this info adds to the convo and how EM is good or bad for the community. I have no other opinions at this penning.

Decred is a legit project, with no control over what AssClown Emilio does.  It featured the best, most fair launch since Monero's.

VTrash, on the other hand, somehow managed to violate the notoriously permissive MIT license when John Conman stole and obfuscated Bitcoin code.
1971  Alternate cryptocurrencies / Altcoin Discussion / Re: XMR MONERO'S NEW FEATURE: Zeroday 12 Exploits! on: May 25, 2016, 09:15:47 PM
God responded and sent angels to implement a new feature on XMR, "Zeroday 12 exploits."

IS IT TRUE?®

 Huh
1972  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: May 25, 2016, 08:55:37 PM
I haven't heard anything about the case...

The bankruptcy lawyers are still struggling to take Cypherdoc's sales commission, because that's the only way they're going to get paid for making a hopeless shambles of the Chapter 11 process.

Morici recently moved the Court to dismiss his own fraud claims against Simon Barber, because his windfall-seeking case was a giant nothingburger.

Despite the persistent absence of supporting facts, RoadStress still claims we did something wrong.  But that's just because he's so eternally butthurt about losing the Battle For 20MB GavinBlocks....  "20MB RIGHT MEOW" was a stupid idea; he should have listened to Guy.
1973  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs on: May 25, 2016, 08:42:16 PM
How about an algorithm, that (currently) relies on specific features of specific hardware? For example, the current generation of Intel or AMD processors for desktops or servers, the amount of cache or RAM they have or must have, and certain instruction sets built in to those chips, such as AES or SS-something.

That's what the Cryptonote protocol's cryptonight PoW does.

https://en.wikipedia.org/wiki/CryptoNote#Egalitarian_proof_of_work

It uses the AES-NI acceleration built into modern CPUs, while occupying 2MB of L2/L3 cache per mining thread.

Unless you have better fabs than Intel and AMD, you can't (economically) built an ASIC with superior specs.

Of course this is a typically thankless accomplishment, as the peanut gallery simply stops whining about ASICs and starts whining about botnets.   Cheesy
1974  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: May 25, 2016, 08:28:24 PM
Segwit has been public for a long time... Block 0 on the current segnet has a date in January, and segwit is live on testnet now.

Where is Bitcoin Classic's segwit implementation? Hell, where is their mediantimepast and CSV implementations?  Even when they can just copy code from core they can't seem to keep up. If you're going to complaint about something not moving fast enough, it's not core you need to look at...

The latest lame, sour grapes spin from Camp Gavin is Klassic wins and fulfills its purpose simply by existing.   Roll Eyes

That's why we see this nonsense about Klassik not needing to follow Core's "cadence."
1975  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet on: May 25, 2016, 05:31:10 AM
so basically keep bagholding until maid actually does something meaningful lol...both in price and release.

Keep bagholding and wait for the next announcement of an announcement about another delay.

Meanwhile, Zeronet+TOR+Openbaazar+IPFS+SIA+STORJ are actually providing real tools for creating decentralized storage, networks, and markets.

Anyone who used traceable Counterparty BTC tokens to participate in the MAID ICO is on The List, with that red flag linked to their permanent digital profile.

So much for privacy, and anything being "made safe."   Roll Eyes

Lol. 

I like you.  I really mean that in an, "I hope I still stumble across his posts one day," kind of way.

Keep on being you!

Wouldn't that be funny and ironic if you stumbled across my future posts on MAIDNET?

/not gonna happen   Tongue
1976  Economy / Exchanges / Re: Coinbase falling is a big deal on: May 25, 2016, 02:13:16 AM
I was just told on another thread that we should not panic about coinbase and that they aren't going out of business. There is apparently a rumor that they are having problems but it is just a rumor. I'm not going to worry about it right now because  they have been very stable for a long time as far as I can tell.

Where do you get your news from? They rebranted their exchange and added eth to it. Nothing more to it.

Coinbase's financial backers (IE ratfucking VC shitlords) need to see an ROI sufficiently exorbitant to justify their investment in such a speculative high-risk sector.

We have been hearing rumors Coinbase has been unable to deliver such an ROI, nor provide a credible plan to attain one.

This provides a non-trivial amount of possible insight into Coinbase's recent anti-Bitcoin behavior.

Coinbase's business plan was to position itself as the premier rent-collecting bottleneck between fiat and Bitcoin.

But that hasn't worked out, for a plethora of reasons we need not digress into here.

In sheer desperation, Coinbase has now gone 100% Full Buttcoiner, doubling down on their CEO's previous Core trolling with Precious Fred's recent (and predictable) ETH Manifesto.

Should things get out of hand, I anticipate Szaboshi will end, with one of his trademark Domination Tweets, this latest chapter in the Great Schism.   Cool
1977  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: May 25, 2016, 02:00:01 AM

Quote from: sbapps
Hilarious.  I bet Andresen, Smith and Armstrong are furiously writing Medium posts as we speak.

Calling Dr. Flame to the burn ward!   Shocked

Hilarious+Furious Medium post writing confirmed:

https://medium.com/the-coinbase-blog/ethereum-is-the-forefront-of-digital-currency-5300298f6c75

Shots fired.  Here we go again!   Cheesy
1978  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: May 25, 2016, 12:28:38 AM
Quote
Beyond a leadership vacuum, Bitcoin’s “leadership” is less clear and toxic. Greg Maxwell, technical leader of Blockstream which employs a solid chunk of core developers, recently referred to other core developers who were working with miners on a block size compromise as “well meaning dips***s.”

 Shocked
What you don't read this thread?

More deceptive garbage-- in particular, it makes it sound like I wasn't referring to my own freeking employees there, or that my flip comment had something to do with working with miners on compromise when instead I explicitly pointed out it was because they went off to hold a secret meeting and let themselves get coerced (literally locked in a room until 3-4am) into an agreement which-- in the sense it was understood-- was physically impossible to comply with (because none of them have the authority to control what core releases or what the network runs)... and they did so after explicitly promising other people that they go to learn and share information and not make agreements. I don't feel any hesitation in calling that a foolish move.

But while we're on the subject of foolish moves, whats the deal with coinbase continually insulting bitcoin technology and antagonizing the people whom are actually working on it?  They contribute _NOTHING_ to the technology, they don't even contribute to maintaining classic.  I guess they might be happier with Ethereum, since it's a far more centralized system they'll know exactly who to lobby to get whatever they want without putting in any effort themselves...  But, considering that Coblee was bragging months ago about how much Ethereum people at coinbase were buying, I think the main attraction is something Bitcoin couldn't match: the ability to use their company to pump an asset they could all buy personally on the cheap-- it's much harder to do that for a system which is mature and less based on speculation.

Gotta love how pearl-clutching Precious Fred subtly emphasizes the magnitude of your supposed Great Offense by delicately replacing with asterisks a few key letters of your Unspeakably Transgressive & Vulgar term.   Grin

Rule #13 - you're soaking in it....   Tongue

Isolating, freezing, fixating, polarizing, and escalating based upon the term "dipshits" is textbook Alinsky agitprop.

So is reducing the blocksize/governance debates to a referendum on a (your) particular personality.

Armstrong's otherwise baffling and bizarre actions are consistent with this ("Blockchain Alliance = the ACORN of Bitcoin") hypothesis.  IE,

Quote

The best things about being targeted by the Hivemind are the options which become available when you are in their crosshairs...  Cool
1979  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet on: May 24, 2016, 11:28:35 PM
so basically keep bagholding until maid actually does something meaningful lol...both in price and release.

Keep bagholding and wait for the next announcement of an announcement about another delay.

Meanwhile, Zeronet+TOR+Openbaazar+IPFS+SIA+STORJ are actually providing real tools for creating decentralized storage, networks, and markets.

Anyone who used traceable Counterparty BTC tokens to participate in the MAID ICO is on The List, with that red flag linked to their permanent digital profile.

So much for privacy, and anything being "made safe."   Roll Eyes
1980  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - carrier grade, data center [Assets for sale!!] [UNMOD] on: May 24, 2016, 10:58:32 PM
This IS a hardware thread and it IS about a hardware manufacturer

The hardware manufacturer that you are talking about doesn't exists anymore since it's in liquidation. Do you have a real valid reason for this thread to be here?

It does until some point in July / August and is just as active with consumers as the KNC thread is. This thread is linked to the main thread as its unmoderated counterpart, so wherever that thread is this one remains.


Before ScamDoolies: RoadStress loves making scam accusations everywhere, including in the hardware sub; it's his favorite thing in the world.

After ScamDoolies: RoadStress suddenly discovers the scam accusation sub and insists it be used to the exclusion of the hardware one.
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