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221  Alternate cryptocurrencies / Altcoin Discussion / Re: Decentralized discussion forum? on: March 31, 2015, 08:23:42 PM
I think the fee can be reputation based. It start out very tiny, something like 100 satoshi per post, anyone can afford to make a lot of posts. BUT the quality of your posts (determined by upvote/downvotes) will affect your "reputation", if you have a bad reputation, then the system raises your fee to much higher. Also if you have a good reputation, your fee is reduced, and also you occasionally get paid by the system for making such good posts (using the fees received by the system).

It is still avoiding the basic issue, why would anyone pay anything when posting right now is free?

If there is some specific application then it might be useful to a small group, but then they will only trust someone and can set up a centralized server. Decentralized forum sounds good in principle but doesnt make much practical sense.

Because as I said in my post, "if you have a good reputation, your fee is reduced, and also you occasionally get paid by the system for making such good posts (using the fees received by the system). "

So even though there is a tiny fee, you could potentially make money if you post high quality posts. I have seen a lot of people will spend their time online doing these type of things, like promotional twitting, or making blog posts, for pennies in pay. This will be something similar.

High quality posts attract more readers/participants, vast majority of people are consumers of high quality posts, so they might be willing to pay a fee to read some posts, it's pretty common for forum posts to have a "forum currency" attached to it, and to view the post, you have to buy it (I have bought and sold these forum currencies previously, for real money). Also many forums, like private trackers, will charge a fee to even register for their forum. This decentralized forum will be perfect for such purpose, it'll avoid any legal enforcement concern over hosting an illegal private tracker forum etc...
222  Alternate cryptocurrencies / Altcoin Discussion / Re: Decentralized discussion forum? on: March 29, 2015, 03:01:49 PM
ANy decentralized forum would be costly, and would require a fee for any post. So the question becomes why is it necessary, and whether that is enough to pay the fee.

There might be small niches where it might be useful, but I expect forums to stay centralized.

I heard CfB thinking about a decentralized forum he was making using some kind of PoW, i dunno if he still working on this idea.

Implementing it is not an issue. The problem is the fee associated with every post.

I think the fee can be reputation based. It start out very tiny, something like 100 satoshi per post, anyone can afford to make a lot of posts. BUT the quality of your posts (determined by upvote/downvotes) will affect your "reputation", if you have a bad reputation, then the system raises your fee to much higher. Also if you have a good reputation, your fee is reduced, and also you occasionally get paid by the system for making such good posts (using the fees received by the system).

Also I believe there needs to be a registration fee plus annual fee for an account on the system, to prevent spamming accounts. (basically if you don't pay a tiny annual fee, your account is disabled for posting).

So the system will hopefully go into a positive cycle. All these high quality posts will attract people to join the system and pay the fee.

It should also be easy to make "light web clients", so it can function as a regular web forum. The difference is anyone can host it at any domain, and everyone will still be on the same forum.

All fees need to be very tiny like 100 satoshi, but add up if you spam or troll.
223  Alternate cryptocurrencies / Altcoin Discussion / Decentralized discussion forum? on: March 28, 2015, 03:55:44 PM
Is there any altcoin that is building a decentralized discussion forum? something like reddit, but decentralized.
224  Bitcoin / Bitcoin Discussion / Re: Sheep Market owner arrested! on: March 27, 2015, 06:37:48 PM
He could have made the same amount of money if he just kept running the site honestly for the next 20 years. I guess fast money is too tempting, and he thought he could get away with it.
225  Bitcoin / Bitcoin Technical Support / Re: Sending without transactionn fees on: March 04, 2015, 07:46:07 PM
use blockchain.info wallet, they let you set a fee of 0

You can get away with it only if your coins are old, because the main purpose of the fee is to defeat spam. So if you rarely move your coins, you are good.
226  Alternate cryptocurrencies / Altcoin Discussion / Re: Erik Voorhees favors NXT on: February 20, 2015, 02:38:24 PM
But does he like how the NXT initially was distributed?



Are you okay with people in 2010 buying BTC for cents? I know you are, so what's your problem? Roll Eyes

Same early adopter principle. Those who found out about NXT earlier were rewarded. Just like BTC.

Not really, in BTC early days, no one knew cryptocurrency would work.

Also, NXT distribution is beyond insane, even today, 15 people hold 80% of all NXT. Bitcoin distribution today is much more fair.

BULLSHIT!

Prove it or walk.  Nxtblocks.info says you're completely full of shit.

https://nxtblocks.info/#section/blockexplorer_distribution

He was only off by an order of magnitude, as nxtblock.info tells us, 76% of the nxt is held by 144 different accounts.

On top of this there are at least 20 of these accounts which are owned by many different people, like SuperNet, Nxt community funds stash, or Exchanges like Bter.

oh yes, 144 accounts own 76% of all nxt, that sounds much better? and I'm sure you could guarantee all these accounts are all unique, surely it's not possible for one person to own multiple accounts in nxt?
227  Alternate cryptocurrencies / Altcoin Discussion / Re: Erik Voorhees favors NXT on: February 19, 2015, 07:49:51 PM
But does he like how the NXT initially was distributed?



Are you okay with people in 2010 buying BTC for cents? I know you are, so what's your problem? Roll Eyes

Same early adopter principle. Those who found out about NXT earlier were rewarded. Just like BTC.

Not really, in BTC early days, no one knew cryptocurrency would work.

Also, NXT distribution is beyond insane, even today, 15 people hold 80% of all NXT. Bitcoin distribution today is much more fair.
228  Local / 中文 (Chinese) / Re: 继比特儿之后,比特币储钱罐BTC被盗 on: February 18, 2015, 02:27:56 PM
2014年6月30日入侵Linode账号,然后修改了密码,你们竟然没发觉?你们自己进去不自己的账号,难道感觉不奇怪?
229  Bitcoin / Bitcoin Discussion / Re: Expert Input Only: How Is A Cold Wallet Bter Exchange Hack Possible? on: February 16, 2015, 02:28:11 PM
At the moment of the hack, it was a hot wallet. They brought their cold wallet online, to refill another hot wallet, so both were hot wallets at the time. The hacker was patiently waiting for them to do this, because he had already compromised their system, and just waiting for BTER to bring their cold wallet online for funding the hot wallet.
230  Bitcoin / Project Development / Re: Bitnomon: monitoring/visualization GUI for a Bitcoin node on: February 13, 2015, 02:05:40 AM
Nice, but I need a web based script instead, preferably in PHP. Anyone have such a script?
231  Bitcoin / Bitcoin Discussion / Re: 6 confirmations is not enough on: February 11, 2015, 08:49:54 PM
The exchanges can easily change the rule to wait for number of confirmations according to the value transferred. For 1000 BTC, they can require 15 confirmations for example. And for 10000 BTC, maybe 30 confirmation
232  Bitcoin / Bitcoin Discussion / Re: It's about time to turn off PoW mining on: January 15, 2015, 04:17:47 AM
I use PoW mining to warm my house.

Then you only mine in winter? good luck with ROI on your hardware.
233  Alternate cryptocurrencies / Altcoin Discussion / Re: Seems that Nubits+Nushares will be the true next BTC on: January 15, 2015, 04:15:29 AM
Nubits 3M  volume in Coinmarketcap and increasing every day.Its descentralized.
Bitusd =15k=shit.

Seems people is using Nubits and Nushares. Just it works. No volatile.
3M volume is not bad at all.

Nubits/nushares has proved to resist BTC pump/DUMPs,for months.Seems that works.
Nushares is increasing value, too
 

That's because Nubits pay anonymous people to run trading bots to provide fake volume and liquidity, also nubits require external exchanges to even work.

BitUSD does not need trading bots, and also it trades on a decentralized internal exchange, in addition to external exchanges.
234  Bitcoin / Bitcoin Discussion / Re: Bitcoin hacked? Cryptography broken? Banned US and EU? or everybody just crazy? on: January 14, 2015, 08:41:33 PM
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?


Microsoft takes Bitcoin and increasingly many others.
Bitcoin core has been modularized and improved code wise.
We have multiple implementations of Bitcoin core (like a true protocol, we had only BTC core back in 2013 fall/during that price hype)
Bitcoin is getting easier and easier to use - while staying safe.
Hardware wallets and multisig.
Gavin has a good road map for scalability and is widely supported in his efforts by the community.
Multiple strong exchanges.
Dark wallets coming/here.
Un-closeable P2P markets coming/here.

If traders think that Bitcoin was worth 1000$ each in 2013 and <300$ now I dare say they are demented.

All of these doesn't matter as long as Bitcoin has "Proof of Waste" mining, price can only go down without new money inflow.
235  Bitcoin / Mining / Re: 1 transaction block how its possible? on: January 14, 2015, 08:35:25 PM

Miners can choose what transactions they want to include. If they don't want to include any transactions other than the one that pays them their 25 BTC, then that's their choice.
so if they all choose to not include transactions we wouldnt be able to send coins?

Correct. But if miners decide to make Bitcoin useless that way, they're also hurting their own profit. That is why these 1-transaction-blocks are quite rare fortunately.

No it actually helps their profit to include very few transactions, since they get less orphaned blocks this way. For example, Discus Fish pool used to only include no more than 42kb worth of transactions in every block they mine. Then the Bitcoin community threatened with action, and Discus fish bowed to the community pressure, and now includes more transactions.
236  Bitcoin / Development & Technical Discussion / Re: Will block creation stall if too many miners suspend operation? on: January 14, 2015, 07:50:54 PM
I know this was discussed many times before, and Bitcoin experienced price drops comparable and even exceeding what is happening now. But at least one thing is very different this time: much higher tps. To be frank, I'm scared. In the case of significant part of hashing power switches off, confirmation time for most transactions might increase to unacceptable levels, what could activate vicious cycle, the lower goes the price, the less miners mine, the longer it takes for a transaction to be confirmed, the more people quit Bitcoin, selling at any price, the lower goes the price, eventually Bitcoin dies. Isn't it appropriate time now to at least increase maximum blocksize, better still - improve difficulty adjustment algorithm to be more flexible?

Or just switch to a Proof of Stake system, where no such non-sense exists.
237  Alternate cryptocurrencies / Altcoin Discussion / Re: Seems that Nubits+Nushares will be the true next BTC on: January 14, 2015, 02:24:15 PM
Nubits is a train wreck waiting to happen.
238  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin should modify to POW + POS ? █████ Poll █████ on: January 10, 2015, 10:57:59 PM
This poll needs at least 5000+ votes to know for sure what the entire Bitcoin community feel about changing Bitcoin to Proof of Stake + Proof of Work.

No, it needs to be a Bitcoin stake weighted vote, since the "No" votes are probably mostly PoW miners who hold no Bitcoins.

It could be implemented as a feature in the protocol, ie. "vote with your Bitcoin". All the exchanges can provide api access for easy voting, or just install qt client and vote with it.

....or just build it and see how many people use it? thats the same voting as you describe...

Again, if my city's subway system is bad, I don't go ahead and build a new subway system in the city. There's a vast amount of existing supporting infrastructure, it's not simple as "go build your own". Unless you could build your own city subway.
239  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin should modify to POW + POS ? █████ Poll █████ on: January 09, 2015, 09:11:22 PM
This poll needs at least 5000+ votes to know for sure what the entire Bitcoin community feel about changing Bitcoin to Proof of Stake + Proof of Work.

No, it needs to be a Bitcoin stake weighted vote, since the "No" votes are probably mostly PoW miners who hold no Bitcoins.

It could be implemented as a feature in the protocol, ie. "vote with your Bitcoin". All the exchanges can provide api access for easy voting, or just install qt client and vote with it.
240  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin should modify to POW + POS ? █████ Poll █████ on: January 08, 2015, 02:01:36 PM
Miners CAN NOT switch if GHash decides to act maliciously. Since GHash is mostly cloud mining nowadays, the hashrate is actually owned by GHash and then resold to miners.


and GHash is 10% of the total nowadays.

Good job missing the point.

GHash had 51% yes?
Ghash is mostly cloud mining yes?

It has already happened in the past, there's absolutely nothing to stop it from happening again in the future. PoW is centralized and insecure, with the additional drawback of causing Bitcoin value loss and energy+hardware waste.
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