Latest posts of: Odrak

Show Posts
Pages: « 1 [2] 3 4 5 6 »

Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

on: April 03, 2017, 10:17:57 PM

Quote from: Come-from-Beyond on April 03, 2017, 09:53:16 PM Quote from: SatoNatomato on April 03, 2017, 09:25:20 PM Byteball has its own smart contracts, but better with declarative style and not-fully turing complete (but maybe by accident as many other things). It's pretty important if these smart contracts are Turing complete or not. "Maybe by accident" is not what users need to hear. Can the contracts invoke other contracts (and/or themselves)? An answer to this question will give the answer to turing-completeness question. Within something 'Turing Complete' there's a need for unlimited storage, right. How would that ever be achieved by any project?

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][UBQ] Ubiq - Smart Contracts For An Automated World

on: March 30, 2017, 02:11:43 PM

Quote from: Golova4lena on March 30, 2017, 08:47:05 AM Quote from: SunStruck on March 29, 2017, 01:13:15 AM UBQ is the hottest project in town Not hottest, but very hot now! Great work Ubiq team Wait, then what IS the hottest project?!

Alternate cryptocurrencies / Altcoin Discussion / Re: What's the next "BIG THING" in the altcoin world

on: March 28, 2017, 12:25:53 PM

Quote from: iamnotback on March 27, 2017, 03:53:16 PM The fundamental reason that giving away tokens without proof-of-burn makes it impossible for that token to compete with Bitcoin: Quote from: iamnotback on March 27, 2017, 03:07:03 PM Quote from: iamnotback on March 27, 2017, 03:41:51 PM And realize that the whales' can kill the fork because they already own tokens in both forks from the inception. And that is what makes it different from launching an altcoin. The whales of Bitcoin get free tokens to dump on your coin so they can buy Bitcoins. However in Byteball's case looks like Tony could have made deals with the exchanges to kickback some of the tokens to him in exchange for his scheme. It certainly could be a scam, as @cryptohunter alleged. Who knows? Where there is honey, there are usually flies. What are you implying? Not quite getting the point you're making. First of all, I believe Byteball took the free distribution route with Metcalfe's law in mind, think it's even mentioned in the OP... Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2). https://en.wikipedia.org/wiki/Metcalfe's_law Second, regarding the exchanges, there's currently only one active exchange (cryptox.pl), they have provided all holders of byteball with their interest be it against a small fee. You are effectively implying Byteball is a well-thought out scam because there's 'honey', without any constructive arguments. Probably how you got that many posts, huh. By the way I am guessing there's more honey in developing the project further looking at the progress they've been making. Personally I think the odds of it being a 'scam' are very limited, besides you can get in for free anyway.. - I am not affiliated with the project itself, always do your own due diligence --- Regarding the topic on hand, I find Ubiq a very interesting fork of Ethereum.

Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

on: March 28, 2017, 10:26:38 AM

Quote from: unsoindovo on March 28, 2017, 09:24:18 AM Quote from: nimethasa on March 28, 2017, 09:11:56 AM wait to distribution byteball coin in round 4 sure... next day will be 11 april.. but i'm asking for the time snaplshot!!!! Looked up the Moon Calander, it should be: Apr. 11 Pink Moon at 07:08 UTC So around 07:08 UTC // earliest block mined after that time

Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

on: March 27, 2017, 11:20:24 AM

Quote from: davidoski on March 26, 2017, 05:09:31 PM Quote from: Odrak on March 26, 2017, 05:05:46 PM Quote from: davidoski on March 26, 2017, 04:46:47 PM Quote from: ptrk on March 26, 2017, 12:44:51 PM I read the white paper. First, I must say, great work of the developer Tony. The most comprehensive crypto currency paper I have read so far. I especially tinkered a little with the structure of the DAG approach and how trustworthy it is. According the white paper, the main chain is pillared by the witnesses. Witnesses are reputable users with real-world identities. How are the identities checked? ...and users who name them expect them to never try to double-spend. I have to trust the witnesses when I send a transaction. Does the trust refer to native-currency bytes only or is the procedure also applied to black bytes? ...observe that some of the participants [witnesses] of our network are non-anonymous reputable people or companies... How many witnesses will there be? Assuming that there are 30, then at least 16 must behave as expected. What if there is a big attack and those 16 reputable users or companies get compromised? There are 12 witnesses. And yes, we all have to trust them. Moreover they can form a cartel. Security is not the biggest advantage of byteball. Security weakness related to witnesses will be the never ending story regarding byteball in the future. Its implications have not been thoroughly realised by most users yet. The users can gradually replace witnesses one by one, which should prevent cartels. These types of uninformed opinions keep pop up here. How about forming cartel without anouncing it on TV news? Once cartel is formed the only way to get rid of it is to fork aka making schism. From the whitepaper: This example shows why the majority of witnesses has to be trusted to post only serially. The majority should not collude with the attacker and post on his shadow chain. Note that we trust the witnesses only to be signs of reality and to not post nonserial units on any shadow chains. We are not giving any of them control over the network or any part thereof. Even for this small duty, it is users who appoint the witnesses and they can change their decisions at any time

Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

on: March 26, 2017, 05:05:46 PM

Quote from: davidoski on March 26, 2017, 04:46:47 PM Quote from: ptrk on March 26, 2017, 12:44:51 PM I read the white paper. First, I must say, great work of the developer Tony. The most comprehensive crypto currency paper I have read so far. I especially tinkered a little with the structure of the DAG approach and how trustworthy it is. According the white paper, the main chain is pillared by the witnesses. Witnesses are reputable users with real-world identities. How are the identities checked? ...and users who name them expect them to never try to double-spend. I have to trust the witnesses when I send a transaction. Does the trust refer to native-currency bytes only or is the procedure also applied to black bytes? ...observe that some of the participants [witnesses] of our network are non-anonymous reputable people or companies... How many witnesses will there be? Assuming that there are 30, then at least 16 must behave as expected. What if there is a big attack and those 16 reputable users or companies get compromised? There are 12 witnesses. And yes, we all have to trust them. Moreover they can form a cartel. Security is not the biggest advantage of byteball. Security weakness related to witnesses will be the never ending story regarding byteball in the future. Its implications have not been thoroughly realised by most users yet. The users can gradually replace witnesses one by one, which should prevent cartels.

Alternate cryptocurrencies / Altcoin Discussion / Re: What's the next "BIG THING" in the altcoin world

on: March 24, 2017, 08:04:30 PM

Quote from: iamnotback on March 24, 2017, 01:45:27 PM Quote from: Odrak on March 24, 2017, 12:34:58 PM If you invest 10 GBytes (~0.45 BTC) you have after 19 rounds 10GB*(1+10/100)^19 = 61.15 GBytes. Oh I didn't know that the interest rate was going to remain 10% increase to existing hodlers for each round. I thought the terms became less favorable on each future round, because it isn't summarized on the homepage and that is the pattern I observed thus far on quick perusal. So in that case you claim, then yes 1.1¹⁹ = 6X growth. So then in that case it is true that ultimately Tony will only have 1% of the issued supply at that future time (although it is not clear about the other 1% and how it can be given away to wallet signups without it being gamed). However that presumes this his 10,000 GB do not receive the 10% interest compounding. Can you confirm if that is the case or not? If rounds are being done every 3 - 4 months as appears to be the case so far, then it will be roughly 4 - 6 years until Tony's stake has decreased from 7% to 1%. A stock split doesn't increase the value of investors' holdings. The major real economic effect of the compounding stock split is to incentivize investors to buy & hold earlier so they can maximize their stake relative to those who buy later, due to the power of compounding. That is actually quite a powerful effect. That is a clever feature to add to a coin. I think I will copy it. P.S. this is why I get involved asking about things that seem abnormal or exceptional. Because sometimes it means it is something important that I need to know for my own work. Edit: also I need to do what I promised. Tony my apology is extended to you. May I suggest you make the specifics of everything more clear on your homepage. There's a monthly distrubution following the Moon Calendar, the developer's 1% does not earn interest. If you're interested in the concept this might be a fun read: https://altcoinspekulant.wordpress.com/2016/10/06/byteball-exclusive-interview-with-developer-tonych-in-english/ It's an interview from 2016 with the developer of Byteball. As far as the moon calendar is concerned; upcoming distributions: 11th april 10th may 9th june 9th july 7th aug 6th sep 5th oct 4th nov 3th dec

Alternate cryptocurrencies / Altcoin Discussion / Re: What's the next "BIG THING" in the altcoin world

on: March 24, 2017, 12:34:58 PM

Quote from: iamnotback on March 24, 2017, 03:30:06 AM Quote from: metropolia on March 24, 2017, 03:25:53 AM People like byteball very much, but the free distribution may prevent it being the top coins, because people who got free coins need to dump it for free money. That was my original claim several months ago in the official thread. But I thought it will be open to all BTC holders until the supply was fulfilled. I didn't realize they were going to do this more unfavorable later rounds. I should have realized that would be the gimick the insiders would use to get 10X more supply than everyone thought they would get. But because the issuance is to exclusive to those who participated in the very favorable first round, I think maybe they think they should hold on. So far they only have a 10% gain on their BTC. They probably feel Byteball is going to be the next great THING in crypto. But they better do the pump soon. Because other coins are coming, and Byteball's features won't seem so unique later in the year. The distribution was created as such with Metcalfe's Law in mind. There have been several distributions price has been fairly stable. Kola-schaar posted some interesting insight into this: https://bitcointalk.org/index.php?topic=1608859.msg17967162#msg17967162 There are only 12% of the Bytes in circulation and people keep them tight because of the compound interest. If the growth (linked to BTC + interest rate) remains constant (every round +50k linked BTC), we still need 19 rounds. If you invest 10 GBytes (~0.45 BTC) you have after 19 rounds 10GB(1+10/100)^19 = 61.15 GBytes. Maybe we need 10 rounds more: 10(1+10/100)^29 = 159 GBytes. The compound interest works very strong - very strong argument to hold. If you invest 0.45 BTC for the next (maybe 19) rounds, and the price remains constant (at 0.045 BTC/GB total capitalization ~54 Mio.). You will have a profit: 0.45 BTC61.1 Gbytes/ 10 Gbytes => (2.75 BTC–0.45 BTC)/0.45 BTC => 512%. With each additional round (see exponent) it becomes more. The crucial question, however, is how far can the price drop until I lose? We bought at a price of 0.045 BTC/GByte (10 Gbyte). Therefore, we can endure 0.45 BTC /61.1 GBytes = 0.0074 BTC/GByte. (If we sell our 61.1 GB then 0.0074 BTC/GByte 61.1 Gbyte = 0.45 BTC we get our bet back.) Question: 0.0074 BTC/GByte which capitalization is this? It’s 0.0074 BTC/GByte * 1E15/1E9 => 0.0074 BTC/GByte * 1E6 GByte = 7400 BTC or ~7400BTC 1200$/BTC = 8.8 Mio $ You can still match the Dev! (tony holds 1%): price ~76 BTC ~1.7 TByte1,1^19=10 TByte -> 1% of total capitalisation or with lower budget: 1/10 price 7.6 BTC ~0.17 TByte (170 GByte) -> 0.1% of total capitalisation 1/100 price 0.76 BTC 0.017 TByte (17 GByte) -> 0.01% of total capitalisation 1/1000 price 0.076 BTC 0.0017 TByte (1.7 GByte) -> 0.001% of total capitalisation For those who have participated in the 1st and / or 2nd round and / or which additionally connect BTCs (got Bytes for free), the above calculations looks even better. Classic BTC holders: They link her BTC and sleep (like Kostolany:”.. buy shares and take some sleepingpills: when you wake up, you've made money" will have) - lazy people (sometimes to lazy to link Smiley). Nowhere is there such an interest (without any risk) for the BTCs. And they will receive a free diversification (and a technology upgrade) of their portfolio: A very good idea, because that is already a trend: Good to have at least two horses in the barn (A hopeful foal and an old horse). There is much to win, but little to lose, so people do not sell… For the vast majority of holders, there is simply no reason to sell (1st round participants are believers, ICO's already hold because of diversification, BTC whales ditto -They ride the old horse and lead the foal next to it). A sale makes sense only if one likes monocultures (only BTC). Or you would like to get your investment (bought bytes) back in order to minimize the risks.. 10GB(1+10/100)^10 = 25.9-10=15.9 -> 15.91,1^9=37.6 Gbytes Undecided … Then there are also our black friends (BB) .. perfect for small investors with a small money bag… You can exchange half of your earning in blackbytes.. It is the philosophy of this distribution to allow as many adopters as possible a (as far as possible risk-free) access (to Bytes / Blackbytes). disclaimer The author does not force you to invest now or to by BTCs now. There may also be more favorable times.. No idea!

Alternate cryptocurrencies / Altcoin Discussion / Re: What's the next "BIG THING" in the altcoin world

on: March 24, 2017, 02:50:24 AM

Quote from: iamnotback on March 24, 2017, 12:51:41 AM I am getting ready to go to sleep, and I might forget to come back to this thread. Actually I hope I don't. Should move on. So I will post this thought a bit too prematurely just because I might otherwise forget. I messaged @tonych and his initial reply did not deny my allegation. I asked for further clarification because his reply seemed to be worded as an admission but it was still somewhat ambiguous. So if there aren't any further updates, then perhaps you can presume the obvious implication. I replied to @tonych that I would apologize if I end up having the wrong interpretation. Also I want to say that IMO there is nothing ethically wrong with a 7% or 14% premine^[1], as long as the developer states it clearly upfront. IMHO, attempts at deception reflect a lack of long-term commitment and pride in a project, because I believe no developer who is serious/sincere would want his project maligned by (even subtle) attempts at deception. ^[1] Note I actually believe > 5% is excessive unless the money supply continues to increase indefinitely, in which case that premine is continually diminishing over time, which is not the case for Byteball. Edit: @tonych replied and the 1% of 1,000,000 GB is confirmed which is 7% of the current 137,000 issuance (and issuance is unlikely to increase much in future rounds). I had the correct interpretation. Note he refused to reply about the wallet signups, so form your own conclusion on that one. I am not quoting him because I didn't ask his permission to do so. And I don't want to annoy him further by asking him. Have you taken no time reading the OP? The snapshots for the 4th round will be taken on the Full Moon of April, on Apr 11, 2017 at 06:08 UTC. This is what you receive: BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB) BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes) Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes Distribution consists of bytes per proven BTC balance as well as 10% interest on all existing bytes. Distribution might be slow but 100% will be distributed in a timely manner. What you are implying is nonsense

Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📁 novusphere.io 📁 Advanced File Index 📁 Crowdfund LIVE 📁 Open Development 📁

on: March 21, 2017, 11:25:20 PM

Quote from: asphyxia on March 21, 2017, 03:26:49 PM Quote from: vlechogo on March 21, 2017, 05:24:14 AM Do you plan to have a section for music video clips and user created content similliar to the movies section with the suggestions and sorting? For example sort music by genre and artist. The SFSIs will continue to grow more robust over time especially as the standardized ones (such as the video one) are open sourced and 3rd party developers can push their own changes to our repository for review. A big thing that was holding back SFSI growth was the need for specialized server-side defined queries (as illustrated is one of my previous posts like 2 or 3 back). Due to this, we opted to hold off on implementing features such as recommended content because it would require yet another specialized server-side defined query. The good news is we're ahead of schedule and ES integration has already happened a day ahead of schedule as a silent-maintenance. For those currently experiencing issues with the site I'd suggest restarting your browser and/or clearing cache before reporting the issue as several changes were made that will conflict with content cached by your browser causing things not to work. Through ES we're able to borrow from their Query DSL to construct very powerful queries strictly client side. This means we don't need any specialized things defined on our server end when say a SFSI wants to recommend content based on it's current object the user is viewing. The easiest way of demonstrating what ES has brought to the table is (finally) the introduction of the Advanced Search function on https://gateway.novusphere.io Lets start with something a bit simpler then the default template which is a simple query that analyzes title/description: Code: { "from": 0, "size": 10, "query": { "multi_match": { "query": "Batman", "type": "cross_fields", "fields": [ "Title^2", "Description" ] } } } This query makes use of ES's multi_match: https://www.elastic.co/guide/en/elasticsearch/reference/current/query-dsl-multi-match-query.html which yields 3 search results in the order: Code: Batman Forever Justice League: Doom The Dark Knight Rises We can see "The Dark Knight Rises" has 3 likes, and typically when you search for something the algorithm should factor in the like factor (as does Youtube, Reddit, etc) when searching for content, so now we introduce a slightly more complex query by using as well ES's function_score: https://www.elastic.co/guide/en/elasticsearch/reference/current/query-dsl-function-score-query.html Code: { "from": 0, "size": 10, "query": { "function_score": { "query": { "multi_match": { "query": "Batman", "type": "cross_fields", "fields": [ "Title^2", "Description" ] } }, "field_value_factor": { "field": "Mutable.Likes" } } } } And viola! We can see the yield results now factor in the likes of the data. This is actually the standard basis of what the default gateway uses in terms of querying currently where what's inside of he multi_match is what was typed in the search bar. Since this entire query can be constructed client side, a SFSI now has the ability to filter, search and sort data however which way it pleases which opens the doors to a lot of things. While this might not seem like a big update and important update it really is one of the key things we really needed to get done to help pave the way going forward for building new SFSI infrastructure. The more visual updates to come will be when we release the changes the video SFSI as well as the image SFSI. Thanks for the continued support Very impressive. Thanks for the update

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XHD] Hidecoin Official thread | Double SHA-256 | NodeJS

on: March 19, 2017, 05:52:52 PM

Is there a Slack?

Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

on: March 17, 2017, 09:07:33 PM

Appreciate you elaborating on the material. Sounds pretty good to me, GO Byteball

Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

on: March 17, 2017, 06:42:30 PM

Quote from: SatoNatomato on March 17, 2017, 06:38:51 PM Quote from: Odrak on March 17, 2017, 06:27:55 PM SatoNatomato, what kind of product are you planning on building? The prototype is on ESP8266, now we move to ESP32 especially for BluetoothLE on it. We have cooperation with a smart home/natural human lightening company to supply them with these connected things, they like the prototype. Next iteration is working with medical/old-people-care-center. Interesting! Not that I understand much of what you're saying

Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

on: March 17, 2017, 06:27:55 PM

SatoNatomato, what kind of product are you planning on building?

Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

on: March 17, 2017, 12:56:43 PM

Quote from: Come-from-Beyond on March 17, 2017, 12:53:11 PM Quote from: SatoNatomato on March 17, 2017, 12:11:16 PM Dear reader, An IOTA-developer (Come-from-Beyond) is in this Byteball thread spreading FUD and misinformation. Petty. Disregard posts. For better visibility of your post: Stating something as an overkill can be interpreted as a subjective opinion. Being more constructive in your comments might lead people to believe differently in your intentions

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] MARIJUANEUM. XMJ. Smart contracts + Marijuana. March 15 ICO start. ETH tok

on: March 16, 2017, 10:40:13 AM

Quote from: MarijuaneumTeam on March 15, 2017, 10:39:35 PM Here are some proofs that you are wrong and mislead people. You say Marijuaneum and Marijuanacoin are using "the same theme, the same font". Unfortunately marijuanacoin website is unavailable and there is no saved copy in Internet archive. We googled, here what we have found: https://marijuanacoin.org/login https://marijuanacoin.org/register In google cache. These are the pages of some CMS like Wordpress. There is a login, registration and database there. Marijuaneum website is a pure HTML + JavaScript. There is no DB server or other software than light webserver installed. So your argument about the same theme and font is false, marijuanacoin.org is using some sort of cms scripts, Marijuaneum is a pure HTML + JavaScript template. Hi Why are you operating anonymously?

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] MARIJUANEUM. XMJ. Smart contracts + Marijuana. March 15 ICO start. ETH tok

on: March 15, 2017, 07:40:19 PM

Good job to community tracing this scam down instantaneously

Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📁 novusphere.io 📁 Advanced File Index 📁 Crowdfund LIVE 📁 Open Development 📁

on: March 11, 2017, 12:23:40 AM

Quote from: sweeeter on March 10, 2017, 10:27:13 PM Such a shame I missed buying the vidz and burning. I did however help reach the lower btc target and willl count myself lucky getting in even if it is for a slightly higher buy in. This project has enough potential to make my ROI have a nice return. Seems there was a massive fud campaign to buy up cheap vidz and swap. Nice move even if it was ruthless You can still buy and burn though! Treshold has not been reached just yet

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NeosCoin Official BCT Thread. Details, news and other information.

on: March 09, 2017, 11:40:28 AM

Where / how can we follow the demo today?

Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][GAMEUNITS] 🏆 THE NEXT GENERATION GAMING CURRENCY | POS | GAMBLING SITE 📈

on: March 05, 2017, 04:57:54 PM

Quote from: kaduwall2 on March 05, 2017, 04:53:04 PM The website of the game is down right now. Confirmed it here: http://www.isitdownrightnow.com/cryptoskins.org.html Waiting Yea, connection refused. Looks like another update / server reboot

Pages: « 1 [2] 3 4 5 6 »