Hopefully ideas and interesting things will start heading in to overdrive very very soon  |
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I have added a note to the OP, as follows: When reading this thread, bitmark is evolutionary over time, this thread was originally titled 'define' and merged the conversation from several other threads, when reading this please be aware that it is a discussion which defined the project, many posts you read below and things discussed changed, were dropped, or were added over time, you can track the growth by reading through. It was many pages in before the 'bitmark' you know today was even created, and several more before 'marking'. The project continues to define and refine what is being done every week, it is a living and evolving project.
For example, in reply one you will see the mention of 'taxation', which does not exist, we defined it then found it would break backwards compatibility so moved to donations instead. This is but one example.
I realised after reading some articles about bitmark, that many people presumed currency specifications were set in stone, rather than being organic and evolving over time. I guess this thread is not an ANN with replies as is normal in this forum, but rather an ongoing discussion which defines the project's state, scope, and spec from week to week. Please keep this in mind, this is not the thread of a dev team thinking they know best as to what needs done and you watching them release things, commenting later after they are done. This thread's purpose is for YOU to define and suggest things, and have those things discussed openly with your peers and the growing community. Project Bitmark is organic, you are the team members, you guide the project and specify it, I (Mark) am simply a person willing to do the work when others do not or can not. |
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Gridseed Wholesale coin of the week."This week marks history for GridSeed Wholesale, it is the first time we feature a non-altcoin concept as the coin of the week. The BitMark is an online reputation system that operates much like google +1's or Facebook "Likes". It's developer Mark works full time on this evolutionary platform which will forever change the way reputation is shared and monitored across the web. Although BitMarks operate on the same cryptographic platform that many others like LiteCoin operate on, it is far from just an AltCoin as some day your reputation will actually be worth something." 10% of orders when you pay with BTM, and for BTM owners who can prove they own some. Check the link for more details.
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Everyone can be useful at this point. Especially people with coding or design skill.
Honestly: ideas, discussions, people looking to set up businesses in the future, or who have things they would like to see come to fruition, those are of primary concern, if we have that everything else falls in to place. |
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Funny I tried to gather hype on my coin which was no pre-mine, no IPO and only a few people who really "got" the idea was interested, If people cant feel like there in at the back door, They don't want to know. I lost intrest in my idea when 17 coins came out in the week I was planning  What was your idea, any links? I'd be interested to read it  Been searching for ages LOL This is an old thread mind! https://bitcointalk.org/index.php?topic=555633.0i wanted to create a coin made for US, all of us, Not just one person, However I could not get everything in one place, I needed one pool, One exchange, and some people to PR, It never happened. I have lots of great ideas, Unfortunately not the tech knowhow I happen to know of a project which is entirely focused on ideas / discussion and adoption, with the technical knowhow in the community and dev team to make virtually anything required or requested. If you'd like to join in discussion and float ideas about with like minded people, then please come in. |
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Funny I tried to gather hype on my coin which was no pre-mine, no IPO and only a few people who really "got" the idea was interested, If people cant feel like there in at the back door, They don't want to know. I lost intrest in my idea when 17 coins came out in the week I was planning What was your idea, any links? I'd be interested to read it |
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I have agreed to complete the following work for nwocrypto:
1. code review (already 95% done - nothing hidden)
2. upload to github
3. update checkpoints
4. linux release
5. windows + linux wallets hosted on github
6. block explorer (abe or insight) hosted on nwocrypto's server.
This defines exactly what I've agreed to do, I cannot agree or commit to supporting the project long term, as that would conflict with my work on Bitmark. This is to all extents a one off freelance project.
I will update here once complete.
Warm Regards,
Mark
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Well spotted...can prove anything with an appropriate quote ! Do you think it there's a chance it could have been sarcasm ?
No idea, and to clarify I do not seek to discredit rpietila or monero. It was simply a question. My only constructive criticism is that this thread is looking unhealthy, it's looking very much to third parties as "trust me buy monero now, do it, buy it", people will be reading this and delegating responsibility for purchasing decisions to those trusted members in this thread, and wagering life savings or living costs on this currency. It would be nice to see it change to discussion of technical merits, adoption, and usefulness, with any mention of perceived price-tag current or future limited to impartial observation. Speaking only for myself, there are several members in this thread that I formerly had great respect for, of late they are conveying as shill's, whether intentional or not. I am sure non of you want that, as if anything goes south those people will lose credibility and to some respects be held publicly accountable whether fair or not. I remember reading a reply recently from a former litecoin advocate, who simply felt awful because of how much time he'd spent encouraging people to buy, friends and associates had lost money and he felt bad. I hope none of you find yourselves in the same place. On behalf of many other forum members, please just tone it down a little bit and be a bit fairer, less pressure, nobody needs to buy or sell - more presence from the developer(s) and those working on adoption or improvement would likely be far more beneficial to your goals than the current discussion. |
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Before potentially doing this, I would want to hear that this is what the community wants, working source code and things to proceed.
If you'd rather all just get a refund and forget the coin existed then there is no point in me offering to do this.
Thank you bitcoinwonders010 for the vote of confidence.
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5 BTC of what remains is being used to hire a new dev to fix the source and maintain the code.
Fix the source? do you still have the source, and what needs fixed? I may be willing to fix it, compile and release it properly, and ensure it's safe and running, along with ensuring there was a working block explorer, but I would not be willing to maintain it long term, nor to be associated with the project. It would be a one off job to ensure everything works, and primarily to fund development of my own continued work on Bitmark. |
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I market bought 2100 XMR for a client. I don't by any way mean it's much, but seriously I can only make one phone call per day, to one of my best investor friends, to avoid the price rising too quickly.
The total wealth reachable by my mailing list is 100s of millions. Last time I bothered them was when I told that "Bitcoin is something that you should buy now, even without research, even with small money, as long as it is now". 2013-2-6.
Looks convincing. How low do you think we'll go? How much do you think I should deposit to Mt.Gox to profit the most?
I have been waiting for so long to finally buy my first coins, and it is not only me - there are dozens in the same situation that I know, thousands in the city, and millions in the world. We want correction, and we want it now.
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Mmm... I just found block 32000 ! Just had to share that...  Congratulations, it should have been block 33200, we are currently running 40 hours behind currency schedule, which is nice, as a consequence there are 24,000 less BTM in the world than there should be by today's date. |
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Now of course there are countless other coins to point GPUs at, so Litecoin isn't really needed all that much anymore.
But now there are ASIC miners which need homes, Litecoin is one current home for many of them. The fact is that Litecoin's price-tag MUST rise as production increases, otherwise production has to slow which means a percentage of current and new scrypt mining has to migrate to different currencies, increasing their production cost and price-tag instead. The only way for both production cost and price tag to continue rising is by increase in adoption, which takes lots of hard work and effort. |
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The original quote says these features do not bring anyone new in and only the people already in the community care and/or buyin to these coins and I tend to agree.
The more supportive of Bitcoin/Litecoin someone is, the more supportive of that statement they tend to be. It doesn't change the fact it is an opinion. I have a different opinion, and I know I am not alone.. I am just more vocal than most people. Two different opinions, innovation drives adoption vs adoption driving innovation. Both can be true at the same time, and both are beneficial they will pick the better option
Each person considers different things as 'better', ease of use and simplicity are often the biggest drivers, google with one box and one button, and apple within minimal ui are fair examples. Nice to see an interesting discussion. |
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Before any technical or social considerations are taken in to account, you need to simply look at the currency supply. If Litecoin were to have a price-tag of $500, then $14,400,000 of new currency would be produced each day, $5.25bn a year. This would entail a daily trading volume of roughly $76million per day (or higher), and a market cap well above $10billion - immediately, and increasing every day after. If the price-tag you mention were to happen then both adoption and market cap would have to be at least twice that of bitcoin, growing to 4x over ~20 years. To even begin such a process would require a 10,000% rise in both production-cost and price-tag. It would also require roughly 75 Terrahash minimum to secure, over 75x more scrypt hashing power than currently exists in the world, that's if all of it was on litecoin only. The coin supply has written in stone that Litecoin requires 400% more growth in every aspect (adoption, investment, hardware production, mining) day on day than bitcoin to maintain an equivalent price-tag, this has not been the case and thus it requires a 10000% leap to get on par, then 400% day on day thereafter. That's a big ask of any currency. Perhaps infeasible. AdamSmith (famous economist!) is on the right tracks, be fair, look at what you can do to increase or encourage adoption and usage, that is the only metric which improves anything. |
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With coloured marks perhaps. Given out to individuals to use where they see fit. As a vote which can be delegated or cast by themselves.
Giving adoptions*(we should probably think of a better term for that, it's a little vague) the ability to create special sets of marks for use could be really powerful.
* For those who aren't aware, an adoption is an entity who has integrating marking in to their system(website ect.).
Yes - delegation will be important, I vote for whatever Mary votes for. Ideally it would be a bit more thorough, consider a petition/task to 'Fix the Potholes on Hill Street', there could be say two more sections: 1. voted in experts to manage the project for a percentage of budget 2. local contractors with submitted budgets to do the work Completely decentralized self managing local governance. |
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You may have read about DACs and Multi Signatures, here's a quick model to show them simply used in real world action, check the right hand side.  Is marking becoming clearer yet? This is a model for the Bitmark Foundation in the future, and how we hope it can be run. - The budget can come from the earlier git mockup, one click public micro-funding |
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Fast forward a while, is this true democracy? Voted and paid for by the people.  |
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