I don't necessarily believe Ripple's unit (XRP) is not meant to be a currency. They even say that plan on funding their operations with it. And if it gained widespread acceptance then why use any other currency within their framework at all? In addition, A VC like Andreesen Horowitz would not be involved unless their was some serious bank to be made if things went well. I say that as a former senior associate at a VC fund.
I just don't appreciate the shadiness of the operation. It's clearly a competitor. They need to release the source code and show us the pitch deck (business model) they showed Andreesen. Otherwise why should I promote a cryptocurrency framework with 100% of the money supply in the hands of the founder with their discretion on how they will distribute. No thanks.
Yeah that's the biggest thing. Once they're out of beta and they release the source, I pray the first thing a developer does is fork it to remove any trace of XRP from the whole thing. I like a lot about this system, I just don't like them keeping millions (billions?) for themselves, or using XRP to do anything within the Ripple system at all. I just don see how ripple is enforceable when a trusted gate way just decided to take all the ripple it has or you issue an iou and the debtor refuses to pay or cannot pay back |
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Haha I predicted this would happen and it has!!!!
If you could just go ahead and post the lotto numbers, that'd be grate. thanks. Yeah me to (I did once get 5/6 numbers!!! only 1.3K damn) but it does show I'm a good judge of the situation!!!! props me (pats own back) |
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Haha I predicted this would happen and it has!!!!
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Ripples going to love this....!!!
may make them hurry it all up a bit
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Only 12K More Votes needed to push it to third place.
voted with 10 votes! |
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Since the Source code is there, and the idea is out, what is to stop someone releasing their own version now....?
or does no one know how to compile, upload to git hub and make a genesis block in here?
Just interested in this shark eat shark environment that no one has done this.
Edit....and this is what just happened!!!!
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I'm will have to agree with the earlier comments. Making the awards equal to the hashing power is going to cause massive inflation, even if you halve block rewards every 9 months. Does this coin have an eventual maximum number of coins that will be generated?
The award is not equal to the hashpower. It is increased by the hashpower, however it is not 1:1. So this is essentially the same as all coins ever, just caps out faster, so more mining up front....this may make it a short lived coins if transaction cannot sustain miners |
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My apologies, source code has not being released because when the genesis block is released you would need to recompile anyways.
It's not a valid a reason not to release source code.If you really want everything to be fair, you should release source code with unofficial/testnet genesis block and commit real genesis block at release time. Otherwise it'll be a race "Who can compile it faster?". The source code is out. |
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1 day notice is not enough notice you need about 3 days to make it credible
also this does not make logical sence
The more computational power you throw at it, the more each block will give.
The reward is halved every nine months to preserve the coin's value.
if there is a limit per block then, thus increasing hash, must mean the usual you will get more from that block in proportion to your hash rate. This maths does not add up
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I would really really like to use bitcoins every day, for every day purchases, and as a merchant. Many talk of wide adoption.
But transactions are SLOW.
What is the solution to this?
I can only really see a system that accepts an amount of risk, or you have to send bitcoins to a merchant and then they issue a value card.
but how to overcome the slow confirms, you can't just stand in line for that long, or is bitcoin going to be a reserve currency, for buying houses and such like?
over to your views/solutions
At some point BTC will only be suitable for very large transactions, which is where Litecoin (or one of the 10 or so derivitive coins) would step in to fill the need for micro-transactions. some maths please for your position This is also one of my views *Cough cough*
There is no a solution based on blockchain+PoW combo. Other currencies use smaller gap between confirmations but they r less secure. The risk of double-spending is in inverse proportion to time of waiting, no matter how many confirmations u get.
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The problem with the flood of alt coins is not the people that are making them for a quick pump and dump, it's the stoopid exchanges that are accepting them. Buy endorsing a coin that is only going to go downwards, you create people that are either scared off or bored with alt coins, either way you loose business, exchanges need coins that slowly rise in value to attract more investors and transactions. Imagine if the stock market worked the same way as the alt coin exchanges and there was no due diligence for an IPO, nobody would buy shares! Let those exchanges accept all the alt coin they want. They'll lose credibility and soon crumble. why??? they are providing a service, no one forces anyone to buy and they make money off the trades... |
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I would like this thread to be a repository for how to compile BTC/LTC
While there are some notes in the BTC repo, they are scant, eg nothing on, the QT 5.0.2 won't compile because it's not merged with 4.XX
which mngw?
how to set up QT, what to use,
the make command / qmake (and why it does not always work)
I want to collect all the links to all the needed:
[1] library's in both complied and complied form, and the version needed
[2] Compliers that work, version and type.
[3] Make files and flags
[4] give a File/tree structure to make sure all files are includes are in the right relative path place.
For example
let the Bitcoin repo be under
.../bitcoin
the libraries need are boost verxx, Berkly DB ver XX, OpenSHH ver XX
links to complied and uncompied versions are
.../Bitcoin/CompiledLIB/
.../Bitcoin/UnCompiledLIB/
and then supply a Make file with all for this done except for one path and that is the Path to ..../Bitcoin
Anyone feel free to chip it or make criticism
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Charity, what about recompense for loss of delivery time
not against Charity but you have to get your own house in order first?
(I have not ordered from BFL)
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but apparently satoshi can't login, account locked....
(yeah I now pgp proof etc but still)
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The problem with the flood of alt coins is not the people that are making them for a quick pump and dump, it's the stoopid exchanges that are accepting them. Buy endorsing a coin that is only going to go downwards, you create people that are either scared off or bored with alt coins, either way you loose business, exchanges need coins that slowly rise in value to attract more investors and transactions. Imagine if the stock market worked the same way as the alt coin exchanges and there was no due diligence for an IPO, nobody would buy shares!
Pretty soon the BTC-E pairs list will look like a giant chessboard with zeros allover it. they can also de-list |
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I'll keep this short and sweet. There are now so many alt-coins that it has become the same thing as hyperinflation. The value of alt-coins is trending towards zero. Great job guys!  soooo, now's the time to buy alts!!!! what's happening though,inmho, alts FTC/CNC are a btc siphon, which have depressed BTC a little as early sellers may cash out their BTC's |
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the slow confirms is caused by spam transactions which clog up the unconfirmed list. block satoshidice and other "on the chain" gambling sites and the problem is solved.
but this is more like real world larger adoption....so good demonstration exactly, when bitcoin is $1000 a piece and someone just wants to buy a can of pepsi for under 1$ they would love to be able to send a transaction of 0.001BTC without a fee and without a 10 minute wait. so the solution maybe that the blockchain is used as a ledger for large movements of $10 or more and all other transactions have to use a payment system 'off the chain' which allows merchants to withdraw once they reach $10 or more on their balance. and while all those small amounts accumulate....double spend, eg order a lot from merchant, then double spend..... |
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the slow confirms is caused by spam transactions which clog up the unconfirmed list. block satoshidice and other "on the chain" gambling sites and the problem is solved.
but this is more like real world larger adoption....so good demonstration |
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I would really really like to use bitcoins every day, for every day purchases, and as a merchant. Many talk of wide adoption.
But transactions are SLOW.
What is the solution to this?
I can only really see a system that accepts an amount of risk, or you have to send bitcoins to a merchant and then they issue a value card.
but how to overcome the slow confirms, you can't just stand in line for that long, or is bitcoin going to be a reserve currency, for buying houses and such like?
over to your views/solutions
At some point BTC will only be suitable for very large transactions, which is where Litecoin (or one of the 10 or so derivitive coins) would step in to fill the need for micro-transactions. This is also one of my views |
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i think i did see one example of veyr similar address from a determnisitc wallet, lead to being able to get a private key
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