Trends Show Crowdfunding To Surpass VC In 2016 Will Equity Crowdfunding Overtake Angel and VC?The World Bank estimated that crowdfunding would reach $90 billion by 2020. If the trend of doubling year over year continues, we’ll see $90 billion by 2017. To put that in perspective, venture capital averages roughly $30 billion per year and in 2014 accounted for roughly $45 billion in investment, whereas angel capital averages roughly $20 billion per year invested. http://www.forbes.com/sites/chancebarnett/2015/06/09/trends-show-crowdfunding-to-surpass-vc-in-2016/ |
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I remember reading that the devs were considering implementing the Primecoin hashing algo as one of the auxPoW hashing algo's in a myriad of chains. Why not implement the Riecoin algo instead or as well of as one of the three chains minimum that are needed to run a myriad properly. How is Riecoin different from Primecoin?
Primecoin uses the Fermat primality test, which has some flaws. Carmichael numbers are not prime and still pass Fermat's test for all bases, however those are relatively rare. Secondly, in general, if Fermat's test says a number is prime, it has at least a 50% probability of being prime. Primecoin uses only one Fermat test with base 2. While base 2 may provide more confidence than the general bound of 50%, still many composites will pass as primes. What's worst, is that Euler-Lagrange-Lifchitz test used for the other primes in the chain assumes the previous number in the chain is prime. So if the chain starts with a number that is not prime, then the Euler-Lagrange-Lifchitz test is not guaranteed to work, and all numbers in the chain may be composite.
Short version: Primecoin numbers are not guarranteed to be prime, they may be Fermat pseudoprimes to the base 2. There is an infinite list of Fermat pseudoprimes to the base 2 (oeis.org/A001567). Riecoin uses enough Rabin-Miller tests with random bases, so the probability of a number that is not prime being accepted by the majority of the Riecoin network is negligible.
We propose the n/s "range explored (numbers) per second" metric instead of pps (primes per second) or shorter-chains per second. This is the quantity of numbers tested (whether by sieve of explicit primality test) and discarded as not constituting a valid PoW per second. While it is still difficult to compare this number for different difficulties, it is a much better metric: it can be used to meaningfully compare different algorithms, hardware speed, etc as long as you have the same diff. More n/s always means more blocks. For example a mining rig would be advertised as having X n/s@minimum diff. Something similar like "multipliers per second" might be possible for Primecoin, but it wouldn't scale as well when difficulty grows. In Primecoin, PPS is "just for fun" and shorter chains per second may not be accurate to compare the performance of algorithms for full-length chains per second.
Assuming the Riemann Hypothesis and the Hardy-Littlewood k-tuple conjectures are true, by using Hardy-Littlewood constants a miner can estimate the average time before a block is found, allowing profit calculations and to estimate the computing power of the network.
In Primecoin there is no practical way of estimating the time before finding a block, moreover difficulty 10.1 is easier than 9.9 making it impossible to estimate how secure the network is.
A centralized checkpoint system is implemented inside Primecoin. While it is disabled by default, if FUD about attacks start to spread, I believe some people will panic and enable it. A centralized checkpoint allows its controllers to perform double spends without any need for any % of hash rate. Can we be sure it will not be hacked and/or abused?
Riecoin is capped to a fixed amount of coins (84M), but Primecoin has no limit. While it is arguable, we believe our deflationary model - similar to Bitcoin's - is better.
1min block speed would bloat the blockchain and create more orphans, stales. We have 2.5min which was tested for years in LTC. I don't know of any 1min coin that has years of testing. I think it's not true that 1min is fast enough for waiting in a line when you buy a coffee: with blocks targeted each minute, you have a 1 in 150 chance of having to wait more than 5 minutes for a block, this would still be unacceptable for some coffee stores. Also, with 2.5 each block requires more work, meaning we will have larger prime numbers sooner. |
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How come you don't have https:// certificate for http://coopshares.net I beleive the Mozzila Foundation have a free certificate scheme. Also can you pay FairCoin from your wallet into FairSavings directly. If so what are the benefits to FairCoop in doing so. Coopshares ssl not seemed so urgent because we dont get any personal data in that site. It goes to getfaircoin.net Otherwise i dont see any problem going there with http://www.coopshares.net or http://coopshares.netRelated fairsaving, yes a merchant or a nonprofit could have their account in fairsaving and receive payments. It could add an online wallet service at some point, probably with the help of http://www.betabank.de who already have added faircoin online wallet for their members. It lets users with less tech skills to use faircoin with the support of faircoop Some people will avoid any website that doesn't have HTTPS:// even if they're not entering any personal info. Also a lot of web browser do bring up security warnings when clicking on the link. So will not visit the website at all either. Also for a financial website not having a security certificate is very slack. How can users trust any of the links on that page if it doesn't have a security certificate. |
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Whenever I try and start the wallet on Xubuntu 14.04x64 I get the following error and it closes immediately. Error: Failed to read block
: Failed to connect best block |
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When is the next Anoncoin block reduction and how often do they occur. Also when will 90% of the coins be distributed and then 99%. I couldn't seem to find this info on the Anoncoin wiki. All the wiki says is the following - What is the current block reward, and when will it halve?
The current block reward is 2.5 ANC. This is expected to halve to 2.5 ANC around November 2016. If someone can give me a good explanation I'll try and add to the wiki. |
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How come you don't have https:// certificate for http://coopshares.net I beleive the Mozzila Foundation have a free certificate scheme. Also can you pay FairCoin from your wallet into FairSavings directly. If so what are the benefits to FairCoop in doing so. |
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Hello to all.
It's my first post. I'm new to faircoin/cryptocurrencies and have one naive question and a comment...
In alcurex faircoin value is totality different, I don't understand why nobody refers to this and only to the bittrex value...
Picking on the Smartaction last sentence about selling faircoin, in my opinion the only way to make this coin work is keep it in a restrict number of users that only sell it to pay necessary monthly bills and get more faircoins in fairmarket (just like a regular job). If the people who have the big amounts of faircoin sell it to make big money everybody loses... right?
If you look you will see that the traded volume of Alcurex is very very tiny. Also you can't restrict the trading of decentralised peer to peer cryptocurrencies as they are in essence by design open networks that anyone can use. If you tried to change that then you would be losing one of the greatest benefits of cryptocurrencies. |
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What language will you be speaking in Spanish, French or English. As unfortunately I can only speak and understand English. Didn't Skype release an auto translator of video calls. If so maybe you can set up a cam and mic to offer the talk in a Skype room? |
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http://rcpp.lensbased.net/post/117693164755/the-tale-of-robin-hood-retoldSince the strategy of playing the stock market to make money to invest in the common is ultimately reinforcing the logic of financialization rather than supporting an alternative. This position, which is quite common amongst Marxist and leftist milieus, seems to me to be based on a reading of financialization that sees it as a kind of “false economy" which is the opposed to the real value-producing activities of labor. But what if, following the lead of post-workerist Marxism, we thought about financialization as the answer of capital to the new conditions of production of value which are no longer exclusively contained in the wage-labor relation, and hence released from the classical labor theory of value? What if financialization was the “communism of capital” as described by Christian Marazzi? That is, seeing finance as a kind of ‘black mirror’ that reflects to us, darkly, the common as the new engine of production, which demands new ways of redistributing wealth, generating liquidity and allocating funding and investments? What if the future of production is the positing of a social and economic space, which precedes the division of labor and which can no longer be just compensated by wages, but rather requires a new allocation of risk, liquidity, cash flows and optionalities? http://rcpp.lensbased.net/post/117693164755/the-tale-of-robin-hood-retold |
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It doesn't make sense for most FairCoin users to currently run a full staking node. And only really makes sense for large wallet holders to do so. Which means only they'd benefit from the staking and the largest of the largest wallet holders would benefit the most. But running a faircoin node is very easy and cheap. Everyone can do it and it protect the network. Staking is a small reward for doing so, like getting few cents every few days. By removing staking, less node will protect the network as there is no incentitive. Network security is important otherwise it can open doors to attack vectors. Yes but most computer users are not PC users anymore and especially so in the 'global south'. While you can only stake with a PC be it a Rpi even. |
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What would be really cool is to have an option in the wallet were you could automatically donate all your minted coins to a general fund. And that everybody who donates to this fund will have a vote option in their wallet with which they can vote to which projects the total fund money should be allocated. That's probably a very difficult thing to implement, but it would be very FAIR  Maybe a multisig loaning of coins to be used in staking for a set amount of time could work. There's been a BIP that will only allow a predefined transaction after a certain block. So coins could be tide up in a coops staking wallet until a certain agreed block passes. When the coins would auto TX back to your wallet. Also maybe a multisig deposit could help things. |
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Not sure that DPoS would be wise in the context of faircoin. Faircoin is somehow already centralised with faircoop (im not saying that this is bad), but DPoS would make it even more. In the end, DPoS will make it a political game to control the staking. Also, DPoS seems to me like a ponzi scheme, where staker dump on others who invest in the coin. I think that PoS protect the network more than DPoS. And for the rich getting richer with current faircoin PoS, that argument doesnt not make sense with an inflationnary coin like faircoin. In the end, everyone loss value in the long run, but im ok with that since inflation promote spending. Overall, argument of rich getting richer is ok for coin like Nxt which number of coin is constant in time but not with faircoin. It doesn't make sense for most FairCoin users to currently run a full staking node. And only really makes sense for large wallet holders to do so. Which means only they'd benefit from the staking and the largest of the largest wallet holders would benefit the most. |
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https://fair.coop/docs/new-faircoop-startup-p2p-equity-crowdfunding-and-liquidity-fund/
FairCoin 2.0 will be an important blockchain-based innovation to allow the Faircoin blockchain to function, secured with ‘proof of cooperation’, and bring to the world a really functional alternative to the current unfair systems that are based on competition between nodes: ‘proof of work’ and ‘proof of stake’.
(A link to the white paper on this project will be added).interesting...  Yes, I'm currently working on the white paper for FairCoin 2.0. We want FairCoin to become fairer by securing the block chain through cooperation of nodes instead of competition. Also, FairCoin should not give advantage to the rich, we address this issue too! That's why we decided to go for a new version. The public release of the white paper and the following discussion will start soon... This is going to be exciting!  regs Thomas Yeah PoS just increases the holdings of the largest holders the fastest. So we're back with the wealthiest getting wealthier the fastest by default. Maybe DPoS (Delegated Proof of Stake) could work where chosen and favoured individual coops run the staking nodes only. Which are decided by a vote held by a FairCoop DAO or similar. Say where the FairCoin DPoS DAO votes to decide which project is adding the most benefit to the ecosystem. So then get's the right to run one of the 101 equal delegated staking nodes. Staking can now be done on a RasberryPi and they only use about 5W iirc. It may actually be profitable to run a 24/7 node. So the staking profits they earn could be used for supporting FairCoop projects only. After all electricity and running costs are removed. I personally would provide a Rpi and run a not for profit staking node. Where all staking turnover after running and hardware costs are put into Coopshares Investment Fund (CIF). And all profits from that reinvested back into the CIF. Node count does look to be increasing now though along with the price and market cap. I think there was usually around forty nodes at any one times. And today there's over fifty currently. Looks like more users are currently being tempted to start staking. |
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Once the market sees the potential rich pickings there someone will set up an exchange with leveraged margin trading for faircoin. There's actually no way to stop it and especially so with open network peer to peer decentralised cryptocurrencies. It's just matter of who and when starts it. Although it may take a good while yet. Bitcoin itself has only had one public leveraged margins trading site Bitfinex up to now. Although that only offers bitcoin and litecoin leveraged margin trading. And now Poleniex has followed and open up leveraged market trading for four cryptocurrencies. As long term market cap's and trading volumes increase more altcoins will inevitably get leveraged margin trading markets.
Not trying to be rude here, but you seem to be obsessed with exchanges, scam coins etc .. relax buddy. NP at all, these are only my views and I can understand that a lot of FairCoop supporters are not very comfortable with the ethos of high risk and complex trading vehicles. Also FairCoin itself was probably considered a scam coin also by the overwhelming majority of cryptocurrency enthusiasts until very very recently. And it'll probably still yet take a quite a long time to bring the majority of them round. The price and the market cap may be very high currently, but the long term average trading volume is still relatively very small. And long term high average trading volume is usually a better indicator of an altcoins ecosystem health than a high price and market cap alone. So as I said it'll still probably take a good while yet to bring round most skeptics to FairCoin. Although I am a big long term fan of FairCoops future plans and personally think it has a very bright future. Hence why I've been supporting it since last year. |
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Once the market sees the potential rich pickings there someone will set up an exchange with leveraged margin trading for faircoin. There's actually no way to stop it and especially so with open network peer to peer decentralised cryptocurrencies. It's just matter of who and when starts it. Although it may take a good while yet. Bitcoin itself has only had one public leveraged margins trading site Bitfinex up to now. Although that only offers bitcoin and litecoin leveraged margin trading. And now Poleniex has followed and open up leveraged market trading for four cryptocurrencies. As long term market cap's and trading volumes increase more altcoins will inevitably get leveraged margin trading markets.
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We want to really try and get on Poloniex exchange. As they have just launched leveraged margin trading. And that can really work to help stabilise prices.
They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful and more speculative, i dont see thi good for faircoin Anyway, if they want to add faircoin without margin trading thats good i guess. For leveraged margin trading of FairCoin would help add a lot more volume to both the buy and sell side for a start. Here is an academic paper by Vikram Nada of the University of Michigan and Bhagwan Chowdry of the Univesity of California, Los Angeles on Leverage And Market Stability: The Role Of Market Rules And Price Limits - http://www.anderson.ucla.edu/faculty/bhagwan.chowdhry/leverage.pdfWhile yes the speculators taking part in the margin trading are taking high risks. And even the users who loan out their faircoin and bitcoin to be leveraged are taking risks, but to a less of extent for a lesser reward. Although it is the FAIR/BTC market price that is the true winner and benefits from enhanced stability. |
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We want to really try and get on Poloniex exchange. As they have just launched leveraged margin trading. And that can really work to help stabilise prices.
They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful and more speculative, i dont see thi good for faircoin Anyway, if they want to add faircoin without margin trading thats good i guess. For leveraged margin trading of FairCoin would help add a lot more volume to both the buy and sell side for a start. Here is an academic paper by Vikram Nada of the University of Michigan and Bhagwan Chowdry of the Univesity of California, Los Angeles on Leverage And Market Stability: The Role Of Market Rules And Price Limits - http://www.anderson.ucla.edu/faculty/bhagwan.chowdhry/leverage.pdf |
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We want to really try and get on Poloniex exchange. As they have just launched leveraged margin trading. And that can really work to help stabilise prices.
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I know a very skilled website developer who's currently working freelance. Who said he may be interested. I will CC him in a PM to you once I get his BTT username. |
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