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That's so undemocratic on the part of Canada, it should be punished.
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Easy. Because silver metal has unique properties that gold doesn't have, both are valued. Litecoin doesn't have unique properties compared to Bitcoin (no, tweaking a few parameters doesn't make it unique), it won't survive. "Litecoin is silver to Bitcoin's gold" was a short-term marketing ploy for the uneducated. Doge has a chance to gain some of Bitcoin's market share, because it has been unique in marketing, that is its non-technical unique property, but only if it persists in pushing itself to new markets. Then there is a bunch of crypto 2.0 technologies with unique to Bitcoin properties, but they are beyond the scope of this thread.  |
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Basically this poll is to check your determination to hold on to Bitcoin even though it fails to reflect its 'explosive' network effect in the price in the next 12 months. Would you start to question the economics of Bitcoin and mining then and perhaps look into promising alt crypto technologies (which could rise in these 12 months if only because it doesn't take a lot of capital to move their market caps higher) or would you have enough resolve to hold your Bitcoin bag no matter that your ROI expectations have to be adjusted? If you don't know the answer now, be sure to give it a good thought some time in the next weeks and months.
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So what's the deal with zynga?
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What's wrong with his haircut?
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There is an asset or two that do that on NXT Asset Exchange right now, and it's decentralized in the sense that the technology they run on is decentralized. However, that particular asset issuer is still a person or a company and could be thought of as a single point of failure.
The good news is they are working on a multisig solution now, which I think is scheduled to be included in the 1.5 release some time in January-February, which will at the very least function like it does in Bitcoin, but there is an ambitious plan to code a more advanced function to allow shareholders to exercise control over funds that go to the asset issuer account, so that the asset issuer could not spend those funds arbitrarily, but only after shareholders' majority vote to authorize this or that transaction (this can stop scammers to run with the funds they collected). Not sure how this function would be beneficial for a hedge fund use case which needs to execute trades on a regular basis, because voting on each trade is not practical, but for other assets this Phasing feature will be quite useful.
Anything that mentions NXT (or any other PoS scamcoin) is almost certainly a bad investment. I can guesstimate you're a miner and/or early bitcoin adopter. |
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Among PoW cryptos Dogecoin has the biggest potential, yes, even Bitcoin is behind in that regard. But because all cryptos are in a bear market now, this potential hasn't been realized yet.
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hey folks,
in the last days i had the feeling that we already passed the tipping point of bitcoin. maybe 2014 is THE breaketrough year for bitcoin in the history books.
Indeed, Bitcoin has reached the tipping point. |
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Another problem is, PoS coin consume much less energy, so the cheapest way to get the coin in fact is to start another PoS coin, it is much easier to clone the PoS coin, while you can't clone the bitcoin network hash power
Starting another PoS coin works just as great as starting another PoW coin trying to replace Bitcoin has worked (Litecoin and other failures, maybe only Doge has a small chance to make Bitcoin share some of its success). Just take a look at all the NXT wannabes (pure NXT clones and those with modifications and even original PoS code cryptos), none has been able to reach the activity and market cap of NXT and that even with all the criticism on NXT's poor initial distribution - people tend to buy NXT regardless (granted all cryptos are in a bear market), because you can't easily clone core developers, infrastructure, network of nodes, vested interest, the spirit of innovation. |
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don't buy alt-crap fortheloveofgod
Who would do such a stupid thing when future alt-champions are for sale. |
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Can't wait for DogeBazaar.
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Suppose you knew exactly that the slump crypto currencies are in now will continue for another 12 months. There is capital flowing into crypto currencies, but it's not enough to move Bitcoin and alts higher, it's barely enough to keep cryptos afloat at the current level. What will be your actions if this situation goes on for another 12 months, till October 2015 (Bitcoin stays below $500, Top 5-10 alts stay at about the same price relative to Bitcoin)?
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There is an asset or two that do that on NXT Asset Exchange right now, and it's decentralized in the sense that the technology they run on is decentralized. However, that particular asset issuer is still a person or a company and could be thought of as a single point of failure.
The good news is they are working on a multisig solution now, which I think is scheduled to be included in the 1.5 release some time in January-February, which will at the very least function like it does in Bitcoin, but there is an ambitious plan to code a more advanced function to allow shareholders to exercise control over funds that go to the asset issuer account, so that the asset issuer could not spend those funds arbitrarily, but only after shareholders' majority vote to authorize this or that transaction (this can stop scammers to run with the funds they collected). Not sure how this function would be beneficial for a hedge fund use case which needs to execute trades on a regular basis, because voting on each trade is not practical, but for other assets this Phasing feature will be quite useful.
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If the block-chain can't be rolled back past 12 hours, why was it the subject of debate after the BTER Exchange compromise?
The subject of debate was whether to rollback the last 720 blocks or not. Everything older than 720 blocks in NXT is not reversible, can't be overwritten and is set in stone (rolling automatic checkpoints). But the forum speakers are not necessarily stakers (or forgers in NXT terminology). Forgers process transactions, not forum speakers. Even if some people debated there should be a rollback, majority of forgers didn't support this with their actions. |
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I should add that you may be right. I think many coins will come and go. However I only trust open-source decentralized currency. For me the concern is about control. Any distributed coin has it's price, distribution, and supply controlled by some entity. The temptation to manipulate such a currency is just to much for any authority to ignore. What you end up with are frequent flyer miles. I have no use for coupons.
Perhaps you should reconsider your understanding of "decentralized" then. |
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You can't mathematically prove it, because the other stake-holders can roll back to any point of time of their choosing.
That's why I said that PoS 1 != PoS 2 != PoS 3. There is at least one PoS implementation where what you just said is not possible. |
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Once you control 50%+1 of the votes, you vote for forks that give you equal or more voting power.
Except nobody has done this yet. Other than that, you're mostly right  In theory you can do a lot of things. Do you think this frivolous answer addresses the fundamental problem? This is why people find PoS supporters so tiresome. Do you think billion dollar companies are going to put their weight behind "nobody has done this yet"? Maybe if you said, "We're a centralized cryptocurrency run by technocratic overlords, if our currency does something wrong, we'll unilaterally modify it. If you don't like it, you can suck our balls." we would be less critical of you. I wouldn't touch a centralized crypto currency with a ten foot pole, I have fiat after all for all my centralized needs. |
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There has been at least 20 000 registrations of new accounts with the Nxtty app according to new NXT accounts number in the past 2 weeks. I wonder why Google doesn't update stats. I searched for this issue and found that Google updates stats every 24 hours at best, and sometimes they lag behind a few days, so it's not consistent with Google. Landomata, if that's not a big secret, can you confirm the number from the developer dashboard.
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