I'm more interested in knowing how PoS-II compares with Ouroboros, specifically with respect to what they consider to be a fundamental design challenge.

"The PoS Design challenge. A fundamental problem for PoS-based blockchain protocols is to
simulate the leader election process. In order to achieve a randomized election among stakeholders,
entropy must be introduced into the system, and mechanisms to introduce entropy may be manipulated
by the adversary. For instance, independently of the solution, an adversary controlling
a set of stakeholders may choose to simulate the protocol execution trying different sequences of
stakeholder participants so that it finds a favorable chain continuation that biases the leader election.
To prevent this manipulation, honest stakeholders must be able to add sufficient entropy and
counter any lookahead performed by the adversary." - https://iohk.io/research/papers/#9BKRHCSI

I'm no coder, but I can read and understand the basics as well as comprehend the theoretical, and it seems to me that PoS-II does a very good job of addressing this "fundamental challenge". I'm hoping for serious treatment of the subject, which I think would also put PoS-II in a very favorable light.

https://www.google.es/webhp?tab=mw&ei=UWM6WZjoOoasaZGWl6AE&ved=0EKkuCAUoAQ#q=Uber+and+LTC&tbs=qdr:d

Fake news.    But the first search result (the Steemit post) has a nice breakdown of what LTC has to offer anyway. 

Could be a early indication of things to come though.


https://i.imgur.com/MT6Xkrf.jpg

You can say that as often as you like and I'll still say it's not enough.   

This is a 100x candidate all the way, minimum.

And it could literally happen overnight.

I agree with you about NEM. It's one of my weakest picks from an appreciation potential, which is limited, but it's a bit more established crypto, and supposedly has a corresponding slightly lower risk, and like you I'm very risk adverse.

I really like what I see with Nxt too. They've both got great fundamentals in my opinion. They're both very professional and inspire confidence. Nxt has much greater appreciation potential similar to what I'd like to find in as many places as possible, but the problem is that kind of risk/reward isn't easy to find.

I've got to look more closely at the coins you mention. I mined DOGE in the very first weeks even before the very first halving. Such fun. Much coins! I'm amazed it has survived as well as it has! Theoretically it's worth 150 times its current price. Maybe I should give it more respect.

Yeah, and it might will certainly include a complete cashout into fiat (or as much as possible) and return at a later date and lower prices. You might even get lucky with rolling into a couple of late cycle plays at the end. But it's the market that dictates, not me. I've got to watch and respond as appropriately as possible. That having been said, my work says there's a long way to go before this intermediate term cycle's up.

I think the biggest challenge a trader has in this kind of market is keeping from getting turned upside down chasing.

And then a close second in gauging market strength trying to avoid the next correction as much as possible, which, again, I think will come from much higher levels.

I've been dying for the opportunity to ask this. 

How does PoS-II stack up against Ouroboros?

They're both favorites of mine. What are the main similarities and differences? And, can you give us again an exec summary for the improvements on PoS?

I’m quoting myself not to retract, but to update?    

A few days ago I posted this material quoted from the Steem White Paper, which, negatively assessed, was used as justification for “dumping” it.


It turns out that, by chance, I found out that there was a major restructuring of the business model some 7 months ago that was published nowhere except for a blog post on Steemit, and that the White Paper hadn’t been updated to reflect the change(s) either.

What I previously quoted from the Steem White Paper, and what continues to be downloadable from Steem.io , turns out to be erroneous.

I found this out on another BCT thread. You can pick up the conversation starting here, on page 90 of the Steem thread: https://bitcointalk.org/index.php?topic=1466593.msg19416006#msg19416006

Oh well. That bad information only cost us a 10% position double, and one of my favorites as well (as was stated earlier in this thread). We’ll see if we get some weakness to buy. With such laid back administration, I wouldn’t be in too much of a rush though. Anything below 52000 SAT could be interesting, otherwise you've got to just let it go . . .  I think  . . . still can’t believe the general lack of professionalism all across crypto though.

Thanks for that response. Being who you are, an intelligent, reliable, and very generous contributor, I'd like to pick your brain a bit more if possible.

The thing is that when you do a google search for "steem scam" the entire first page of results that comes back is all scam related, from BCT, to the Stack Exchange, to Steemit itself! The accusations run the gamut, and while my concern was the business model, I mention this in an effort to set the stage regarding some of the overall challenges those responsible for Steem are facing - more than a few and not exactly of minor import - and to give some background in the hopes of validating to a certain degree my next question.

Are those who are responsible for the day to day functioning of Steem volunteers or salary employees?

The fact that a major overhaul of the business model was kept under raps on a blog that is neither posted on Steem.io, or any other social media where Steem is represented is troublesome. That blog post was from 7 months ago, and nobody's had time to update anything? Just put a link to the blog post right underneath the white paper on the Steem.io website? We're talking about a major overhaul of the business model! As I said, it's troublesome, especially from a competence point of view. Wouldn't you agree that at minimum we can say that it doesn't project a very professional image? As I said, this is by way of providing some justification for what some might consider a trolling type of question. (Some confuse good business and common sense with other things . . . and I can't say that I am not empathetic to their misgivings and misunderstanding having seen what I've seen here over the years.)

I'm trying to wrap my head around how a change of this magnintude for an organization of the size and scale of Steem could have be relegated to a somewhat obscure blog post whose hyperlink is nowhere to be found on the official website nor any other social media where Steem is represented.

Any idea as to why there were no other documentation updates to this regard? No updated white paper. Nothing updated at https://steem.io/ at all to reflect this change. Nothing here on BCT either (until now). And the blog you posted isn't even noted here on the OP or on the website.  

Your question has already been answered.

Read.

Is that actually printed somewhere, in an announcement or something, somewhere other than just here today? Or is it just word of mouth knowledge?

People make investment decisions based on things like white papers, you know?

I was thinking about posting something else, but I've decided against it. It's not worth the time.

All I will say is that the difference between most of you and me is that most of you live with the illusion that you are anonymous and have the mistaken belief that somehow the rules of life don't apply the same here. That's yet another laugh.

One of the things I love most about the technological revolution is that everything is written down, fully documented and provable. There's no longer any room for “he said, she said”!

If you're capable of understanding that, then you're capable of realizing how foolish you look when you contradict the actual facts. There's no hiding from reality here. Not even behind your imaginary anonymity. Ask yourselves if you'd do and say the same things in your real lives as you do here. Oops. Are you catching my drift?

(It's so much easier to get to know the real person when they're deluded into thinking they're anonymous.)

As I said, the big difference is that I have no such delusions, stand completely behind every word I write and am not unwittingly mislead: as a real life entrepreneur and businessman from a long line of the same who are quite adept with business dealings, I treat everything and everyone here just as I do in the business world, with no such illusion that this is somehow different. If you're nuts, you're nuts and it doesn't matter whether it's here or anywhere else. And when push comes to shove, the reality is that anyone with the right tools can locate you and track everything that is yours back to you.

People in this space think they have some sort of immunity. You can forget that. In fact, you'd better forget that as soon as possible. That delusion will just get you deeper and deeper into trouble.

In the “real world” we would say that DigiByte is a busted business and that it's going nowhere until there is new management at the helm. Guess what my friends, the real world is here whether you like it or not! And people like me are not going away, rather they are coming in ever greater numbers. Prepare yourselves for the real world, because it's coming to a theater near you soon.

And we take no prisoners.

In the real world, DigiByte's “management” is laughable, and no-one would risk the ridicule of suggesting otherwise.

As it is that I'm absolutely sure this will fall mainly on deaf ears, I will finish simply by wishing you well with what you have left of your delusion, which in this case includes a founder who has been accused of publicly lying with intent to defame and has of yet to address that issue. Isn't that special? Again, if you really tried, if you really weren't so married to your greed, and if you asked yourself “in the real world what would we say about that?”, what would you say then? Yes, I admit, it's a difficult exercise to get outside of your personal narrative, especially when it's so anonymous, so strong and there's so much money to be made, but it's a challenge that just might serve you well.

https://www.google.com/?gfe_rd=cr&ei=84fcVezNLceDUNSdq-AM&gws_rd=ssl,cr&fg=1#q=extortion+definition


Only a blundering idiot would make that type of unsubstantiated public accusation.

And there's one more coming to finish this off. You've all really ticked me off. 

I'm sorry, but it seems to me that you're the only one calling people "assholes", well, you and the rest who have no defense other than to attack.

BTW, what is it that you don't understand about "fully refundable escrow account"? Or do you consciously slip so low as to misrepresent and slander as well? (That's another tactic that goes hand in hand with personal attacks, so I'm not surprised.) It's a game changer and it's for sale, now at no cost if you don't like it: if the prospective buyer doesn't like it, he or she gets all their money back PROVIDED they do not disclose and do not use the idea over a 5 year period. Simple. I offered it. A legit business deal. (The actual cost at the time was 10 BTC with the 40 BTC NDA, all negotiable, all already covered in detail in this thread, but the terms have been modified since with more reasonable people.) They didn't like the terms. No problem. Two weeks later the "Dev" accuses me of extortion. And you guys jump on me for defending myself. What would you do? Just lie down and be doormats when someone slanders you like that? The sour grapes come from the loser who didn't jump on a once in a lifetime deal - that's evident when he stoops so low as to accuse me of extortion. What a laugh! How in the hell could I extort them to begin with? Are you serious? Do you have half a brain? Do you even think before you make such an absurd accusation? Have you all even given it a second thought? It's ludicrous! And all your protests are pathetic. There's no other adjective to describe them. Do you even think before you type?

ROTFLMAO                               

Yes, yes. You guys have hit on the answer.

Not even you believe it.

Have you ever had an emptier feeling in your lives?

On page 8, the white paper says: "STEEM is constantly increasing in supply by 100% per year . . ."

That's still true, correct?

https://steem.io/SteemWhitePaper.pdf

And with that statement you've just make yourself out to be a perfect idiot (not saying you are, just that you appear to be since you have all the pertinent facts regarding that particular situation right here in this thread, in open daylight, that can be seen by everyone, which show that what you said has no basis what-so-ever). Your own words flying in the face of a reality that is completely the opposite of what you said. How would you characterize a similar statement?

This kind of nonsense is what causes good people to have pity and actually try to influence positively in the lives of others. As I've said before, if you try to deal with the facts on an objective level instead of choosing self-deceiving distractions like attacking the person who discloses the issue, you'd be less confused and feel more in control, and, as such, feel much better about yourselves.

I'm not trying to "destroy" anything. I've only disclosed the facts? Who's behind those negative results? That's where you should be directing your energy.

I have never participated in the Polo trollbox, nor do I use Poloniex as an exchange anymore (you really need to get a bit more serious and that starts with getting the facts straight first - making stuff up on the fly and thinking it's true just because it sound good just doesn't get it).

What I've said are the facts. It you have problems with the facts, address them. Tell the world why they're wrong.

Focusing your confusion and rage on me will only cause you more of the same.