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3641  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 01, 2015, 02:29:39 AM
Instead, I am beginning to think that the most successful coin will give its users some kind of benefit for HOLDING it. Darkcoin masternodes and Proof-of- stake provide this motivation in a flawed way, but the idea that there should be motivation to hold is sound, and I've come to believe that this is the final key to unlocking viral growth of bitcoin.

Like central banks, Masternodes and other PoS schemes use centrally/locally determined/conjured magic numbers that should be set by the market, not core devs.

It is a category error for the software to (attempt to) explicate, in a vacuum, the appreciation motivation with specific reward values better found by the invisible hand, within the totality of the economy.
Evan's invisible hand puts the Dash right in my pocket! Monero's lack of revenue generation makes me sad Sad


And when a coin releases a more profitable coin with a lower cost of entry, will you maintain a dash masternode or move onto that coin? With the reward system set at 1000 masternodes for most profitability this is not an if but a when. I always feel like I'm at work talking to one of those people who can't see past the next five seconds when I'm talking to an xdarkdashian.



^This is motivation to attack other masternodes to keep a sweet spot for profitability (as Fluffy brilliantly pointed out once or twice). The problem with this model isn't that it does it, it's what happens when people notice it and start flocking to a similarly designed coin with better payouts or a less gamed design--it becomes a race to the bottom.


So my simple question to Brilliant Rocket is this, "If another coin is offering a better incentive for operating a masternode and the price starts rising exponentially, will xdarkdashians hold out of loyalty or move to where the most profit is?

And I swear I'm not trying to convince myself to buy crave or other centralizing node junk. I'm just pointing out a very likely scenario.


I do agree that services that reward people for holding are a good idea, I just don't think we should be using flawed models as inspiration.
3642  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: April 30, 2015, 05:29:56 AM
I really feel for this community in the same ways I do for the human beans that help build Ubuntu, etc.

Thank you (again) Smiley
After reading this post, I stumbled upon a French text (English version) which blew my mind regarding how great ubuntu (the philosophical notion) is.


Even more interesting is that this intuitively positive impulse has lead Africa to no where. Where as the spirit of competition that we see in the west, which is intuatively less desirable than ubuntu, has lead to the creation of astounding wealth and prosperity. Sometimes life is so much more complex and unexpected than our intuitions would lead us to suspect.

Until I see wild animals and insects hug-it-out, I'll stick with believing that nature programs us much differently than our intentions do and that is why many times the path to hell is paved with good intentions and good men discover themselves along the path to greed. Off-topic, but maybe we get stronger through surviving aggression and that's why Otoh's dump looks more and more like a bullish sign for our future.

Whatever doesn't kill us makes us stronger or drives us to a catatonic state after hugging it out with a horse.
3643  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission? on: April 30, 2015, 02:59:13 AM
I see its only the Trollero fans in here circle jerking each other.

Well done guys, keep up the good fight!

Fact: Over 500k coins were mined in the first hour.

Fact: Over 1.5 million coins were mined in the first 8 hours.

This poll is highlighting facts, so what can you do but make it an us versus them  scenario to fit the, "They're out to get us!" narrative that has nothing to do with facts? If you don't want to defend an instamine, then don't defend an instamine.
You guys keep repeating these things as if you expect something to happen. People know that 2 million coins were instamined over 48 hours. Personally, I'm happy that the instamine occurred. In fact, the lack of an instamine in Monero is one of the reasons that I favor Dash and don't buy more Monero. If I don't feel like I got an unfair advantage over others, I just can't get behind a project.

I'm not going to even get into the amorality or short-sighted strategy of your conclusion--no intention of repeating my opinion. Where I flaw your argument is in the bolded part. There's no possible way you can account for every last person knowing that dash was instamined, hence why dash fans were quick to rally and have the premine asterisks removed from coinmarketcap. As long as people are entering the market and discovering the altcoin thread, the more it makes sense to keep bumping it and restating the facts.
3644  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission? on: April 30, 2015, 02:05:33 AM
I see its only the Trollero fans in here circle jerking each other.

Well done guys, keep up the good fight!

Fact: Over 500k coins were mined in the first hour.

Fact: Over 1.5 million coins were mined in the first day.

This poll is highlighting facts, so what can you do but make it an us versus them  scenario to fit the, "They're out to get us!" narrative that has nothing to do with facts? If you don't want to defend an instamine, then don't defend an instamine.
3645  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: April 30, 2015, 01:30:07 AM
@smooth

I love a good rant as much as the next guy, but there are limits.
This is the coinmarketcap forum not the Monero or Dash forums.

You guys have made your numerous suggestions,
But let's agree Coinmarketcap is offering a FREE, I repeat FREE service to the public.
As Such they get to define it however they see fit.

If you don't like the way they define things,
1. Mention it and see if they change it.
 (you have mentioned it over the past few pages)

If they don't change it , as it is their Right since they are providing the service for FREE.
1. Start your own Free Market reporting service, and quit whining about theirs.


 Cool

Would it be hard to sync market data with a better looking site that uses devtome's analysis to give investors the best chance of avoiding scams and coins that are surreptitiously top-heavy?

It's weird that cmc lists premines but not instamines, but if they're unwilling to give total reporting, why not let the market decide on if it wants to know all the facts before investing? Maybe call it SturgeonsRazor.com?
3646  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 30, 2015, 12:47:11 AM
Blocka, if you don't want to defend an instamine, don't defend an instamine.

As for speculation (topic) looks like Otoh can't dump Monero into oblivion. Everyday that passes looks like a launchpad being assembled for a db fueled rocket. Can't wait until services start opening up and use gathers momentum. Are there any plans for something that offers large OTC so big trades can be made without over-burdening the price?
3647  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: April 28, 2015, 09:45:02 PM
How do you measure human interest mathematically? Instamines can be shown pretty easily. Now if your inferring (incorrectly) that all humans are motivated by greed, I suggest you study differing personalities. Here's a good start: en.wikipedia.org/wiki/Jungian_cognitive_functions

I suggest you study common sense. Obviously people exist who don't care about or even hate money, it's just more likely that when people have also the financial incentive they are more motivated to see the project succeed. Or are you denying that?

Investors like probabilities btw.

My guess is that there are more idealist and rationals in the top-end of this field (at least as far as devs are concerned) than there are guardians and artisans, so your assumption defies common sense when taking this into account and the fact that most theoretical thinkers are motivated by other things than cash. Your assumption would hold true in many fields, but when it comes to the crossroads of mathematics, cryptography and computer science i think most will agree that it is especially top heavy with rationals and idealist. Of course I'm sure scams are heavy with opportunistic artisans, but I hardly think they count when we are discussing serious projects, because isn't that exactly the behavior we are trying to mitigate by having correct and honest labels for coins listed on CCM?

And again, where is your argument that dash wasn't instamined and that somehow an instamine doesn't have the same negative impact as a premine? These questions would seem more on topic.
3648  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: April 28, 2015, 09:18:10 PM
Do you list premines as a service to potential investors so as they don't make investment decisions based on zero-knowledge of an unfair coin launch? And isn't an instamine a similarly unfair launch as it has the same effect of giving devs (and friends of devs) too much centralization/power over the project? Isn't this worth noting?

This doesn't even take into account coins that were fairly launched having to share the stage with those that didn't--this is very reminiscent of the steroid scandal in baseball, where players who weren't taking performance enhancing drugs had their accomplishments overshadowed (and sometimes tainted)  by those that were cheating.

I think coinmarketcap should warn potential investors about coins that have devs with little coins and hence little financial interest in developing the project.

How do you measure human interest mathematically? Instamines can be shown pretty easily. Now if your inferring (incorrectly) that all humans are motivated by greed, I suggest you study differing personalities. Here's a good start: https://en.wikipedia.org/wiki/Jungian_cognitive_functions

Also, satiated individuals work less often times, so there really isn't a correlation between wealth achieved and future wealth created--it may even work inversely in some cases, so there's that.

Sorry we all don't fit your cynical world view, but what can you do about it except project your own greed and try to normalize the asocial behavior of your associates--


Where is your argument that I'm incorrect? I'm motivated by being right, so if you're trying to get at me, you might want to try harder at being correct. Have you refuted that dash is an instamine? Have you made a case that an instamine is much different in effect than a premine?
3649  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: April 28, 2015, 08:50:57 PM
Do you list premines as a service to potential investors so as they don't make investment decisions based on zero-knowledge of an unfair coin launch? And isn't an instamine a similarly unfair launch as it has the same effect of giving devs (and friends of devs) too much centralization/power over the project? Isn't this worth noting?

This doesn't even take into account coins that were fairly launched having to share the stage with those that didn't--this is very reminiscent of the steroid scandal in baseball, where players who weren't taking performance enhancing drugs had their accomplishments overshadowed (and sometimes tainted)  by those that were cheating.
3650  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: April 28, 2015, 06:02:02 PM
I don't understand Dash/Darkcoin trolls harping on Monero... Monero has never had it's core features changed, period.

Dash has had all of it's core features changed multiple times.

They cannot be compared. Dash had a 2million coin instamine, Monero did not.

If Monero never had its core features changed, then its still got scam code in there.

Thanks for that clarification.

The scam code was there (now you are saying still is there, which I kind of doubt, but who knows) to give more coins to the people who put the scam code there or to those few who knew it was there and kept quiet about it.

Scam code is a scam. Period.

You're just rambling without any facts to support your argument.

Fact 1. x/dark/dash had over 500k in coins mined in the first hour.

Fact 2. x/dark/dash had over 1.5 million coins mined in the first day.

Until you provide evidence that these facts aren't true, dash should be listed as an instamine; if over 500k in the first hour isn't an instamine, what is?

Crying, "But he did too!" by comparing an instamine to enhanced miners is like comparing organic apples to genetically mutated oranges shaped in the likeness of Rossie O'donnell--it's an insult to the intelligence of everyone reading this thread.  

Until this goes away https://i.imgur.com/dSe9cRz.jpg , no future investor should be duped into a false sense of propriety by misleading listings that do not include major activities that would be deemed as fraudulent by an objective observer.
3651  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 28, 2015, 05:18:00 PM
sticking up needs a hammer.

So the question: What I just described is what this project represents, and you sold. So did you used to need that value proposition but dont any longer? Or some other project you have discovered has a similar value proposition? Or does monero no longer represent that value proposition to you? Or did you never need it and just wanted to make a quick buck by gambling?

Regarding the bolded part, very few alts are actually used in real world scenarios. The aim of 90% of the market is to speculate on alts. Buy low sell high to aquire more fiat/btc. This will continue to be the case until real world uses for these alts are established. You cant be surprised as people move from coin to coin to acheive this goal.

Furthermore how much of a gamble is it to buy when Risto says that the price will start rising ? Compared to some alt plays I've been involved in that was the easiest wave to ride I've ever seen. One thing I've been pondering lately is what would have happened if the announcement had not been made and Risto chose to buy slowly and quietly instead of conjuring up such gusto within the market.

I get the feeling Risto has learned something about human behavior: If you tell people exactly what you are going to do and how you are going to do it, there's a portion of the population that will think you are lying or scheming for an advantage. Bono summed it up with, "It's no secret a liar won't believe anyone else." I call it self-inflicted karma.
3652  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: will dash put pressure on shapeshift.io to remove ad from coinmarketcap.com? on: April 28, 2015, 04:26:25 PM
And it's gone  Roll Eyes


Guess they'll have some excuse lined-up now.

I wonder if the decision would have stuck had Gliss been able to look at the people making the accusations towards Dash and see that they had acted with integrity and were a credible source of information rather than a bunch of hate filled trolls who think that DashHole is funny.

So Gliss is in the habit of not making well thought adjustments of coins and then readjusting them a few hours later on the fly? Ineptitude versus BS, sound familiar? As Mark Twain said, "history doesn't repeat itself, but it does rhyme."

3653  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: will dash put pressure on shapeshift.io to remove ad from coinmarketcap.com? on: April 28, 2015, 11:38:38 AM
And it's gone  Roll Eyes


Guess they'll have some excuse lined-up now.
3654  Alternate cryptocurrencies / Service Discussion (Altcoins) / will dash put pressure on shapeshift.io to remove ad from coinmarketcap.com? on: April 28, 2015, 12:25:12 AM
Dash apologists are gathering muster to have Evan's instamine stricken from coinmarketcap.com's listing. Will they use economic threats to get things back to the status qua via their common link of shapeshift.io? Or will they just spam coinmarketcap.com relentlessly until they get what they want? Or will coinmarketcap.com remain vigilant in keeping the facts open and honest?
3655  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: April 27, 2015, 07:38:10 PM

    Latest Clients: 11.2.22 Dash Release - see Downloads section below.

    Specifications:
    • Release date: 11PM EST, 18th January 2014 / premine**
    • X11 hashing algorithm: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo)
    • Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
    • CPU/GPU mining
    • Block generation: 2.5 minutes
    • Difficulty Retargets using Dark Gravity Wave
    • 7% decrease in the number of coins generated per year
    • Est. ~22M Max Coins
    • Decentralized Masternode Network
    • Superior Transaction Anonymity using Darksend

    Dash Innovations:

    • Darksend
      • The Dash client stores pre-mixed, denominated Dash in the user’s wallet, to be used instantly at any time the user desires. The mixing and denomination process is seamless, automatic, and requires no intervention on the part of the user.

        Here's how it works:
        Every 10 blocks, user clients network-wide will send any unmixed, traceable Dash in their possession through an anonymization phase. In this phase, Masternodes are used in chained succession to mix the coins they receive from the network and break them down into homogenous denominations. After being processed by a minimum of 2 Masternodes, the coins are either sent to the next Masternode in the chain or back to the user’s wallet at randomly generated change addresses.
        Depending on the desired depth of security and privacy, users may select between 2 and 8 “hops” to successive Masternodes before their coins are sent back to the client. Hops are made every 10 blocks, so anonymization at a depth of 2 hops will take 2*2.5=5.0 minutes, 3 hops 3*2.5=7.5 minutes, and so on. The desired mixing depth can be selected in the client GUI.
        At the end of the anonymization phase, the user’s coins are returned to their client at randomly generated change addresses. When the user wishes to make a transaction, the client forwards the intended amount from these anonymous change addresses directly to the intended receiver’s address. There is no direct involvement of of Masternodes in the final person-to-person transaction.
        Proof of payment will work as it always has: a user can see the send transaction with the receiver’s address in their own wallet, and the blockchain will show that the receiver’s address received an input in the corresponding amount.
        A breakdown of the improved Darksend process:

        (Official statement link: http://goo.gl/GZ1VZC)

    • Masternodes and the Proof of Service Reward Paradigm
      • In addition to traditional Proof of Work rewards for mining Dash, users are also rewarded for running and maintaining special servers called “Masternodes”.
        Though future plans envision several roles for Masternodes, their primary function is to carry out the anonymization phase of the Darksend protocol.  The service that Masternodes provide to the network is the beating heart of Darksend, which, in turn, is the defining feature of Dash.
        In return for providing this service, Masternodes are paid a percentage of the block reward according to this chart:


         
        In order to run a Masternode, users must put up 1000 DRK as something akin to collateral, though unlike traditional collateral, the DRK never leaves the user’s possession.  It can be moved or spent at any time by the user - doing so simply removes the Masternode from service and makes it ineligible to receive rewards.
    • X11 Chained Hashing Algorithm
      • X11 is a widely used hashing algorithm created by Dash core developer Evan Duffield.  X11’s chained hashing algorithm approach utilizes a sequence of eleven scientific hashing algorithms for the proof-of-work. This is so that the processing distribution is fair and coins will be distributed in much the same way Bitcoins were originally. ASICs will be much more difficult to make for these algorithms and should take years.
        With chained hashing, high end CPUs give an average return similar to that of GPUs. An added benefit of the algorithm is that GPUs require approximately 30% less wattage and run 30-50% cooler than they do with scrypt.
    • Dark Gravity Wave
      • Dark Gravity Wave (DGW) is a widely used mining difficulty adjustment algorithm created by Dash core developer Evan Duffield to address flaws in Kimoto’s Gravity Well.
    • Multi-Phased Fork Implementation (aka the “Spork”)
      • In response to unforeseen issues with the rollout of RC3, the Dash development team created a mechanism by which updated code is released to the network, but not immediately made active (or “enforced”).  Communication is sent out to users informing them of the change and the need for them to update their clients.  Those who update their clients run the new code, but in the event of errors occurring with that new code, the client’s blocks are not rejected by the network and unintended forks are avoided. Data about the error can then be collected and forwarded to the development team.
        Once the development team is satisfied with the new code’s stability in the mainnet environment - and once acceptable network consensus is attained - enforcement of the updated code can be activated remotely.  Should problems arise, the code can be deactivated in the same manner, without the need for a network-wide rollback or client update.
        This innovation allows for far smoother transitions than in the traditional hard fork paradigm, as well as the collection of test data in the live network environment.
        We set out with the intention of calling this method of updating the “Soft Fork”, but the Dash community quickly dubbed it the “Spork” and the name seems to have stuck.
    • Instant Transaction Technology (aka InstantX)
      • Dash now incorporates InstantX technology, invented by Evan Duffield. InstantX allows Dash to compete with nearly instantaneous transaction systems such as credit cards for point-of-sale situations while not relying on a centralized authority. The InstantX system is revolutionary, shortening the delay in confirmation of transactions from as long as an hour (with Bitcoin) to as little as four seconds.


        Full paper can be read at the link below:
        https://www.dashpay.io/wp-content/uploads/2014/09/InstantTX.pdf

    Miscellaneous:












    Offer a Darkcoin-related service?
    Please join our mailing list! (Don't worry, we won't spam you.)


    Software development donations: XpAy7r5RVdGLnnjWNKuB9EUDiJ5Tje9GZ8
    [/list]


    Glad I could help fix that for you--never good to have typos.  Grin
    3656  Alternate cryptocurrencies / Altcoin Discussion / Re: To All Altcoiners. Cease Fire. Stop the Shilling, the FUDs, Scams, etc... on: April 27, 2015, 07:02:11 PM
    The reason there are so much fuds is because many of the altcoins are scam.
    There are many people who lost their btc in all the scam altcoin. They are frustrated and are jealous of the few promising altcoins.

    A question I have been pondering ( I'm still learning, bear with me here Kiss ):

    If so many altcoins are found out to be scams, why are they still traded on exchanges?

    Someone asked me this, and I replied with 'because they still held value in other people's opinion'.  I did add that it was just my guess, but now it's keeping me up at night!

    People shout 'scamcoin here' or 'scamcoin there' and I travel to Poloniex (or any trading site) only to see their value jumping drastically or pitfalling...

     Huh

    Caveat emptor
    3657  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: April 27, 2015, 02:43:46 PM
    Go to coinmarketcap, filter non-mineable and premined, something different?  Kiss

    All you had to do is line up the facts and ask, apparently. Glad they did the right thing.
    3658  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission? on: April 27, 2015, 02:12:40 PM
    In live, like minded people will always find there peers.
    Evan with his Darkcoin shit attracts lowlifes, scums, and fraudsters like fly's to shit.
    It tells a lot about the personalities involved.

    Just an example of Monero supporters' double standards:

    Who cares if a botnet mines Monero? 99% of all coins have for sure been mined by botnets. Even bitcoin.
    I'd say the botnet operators are smart and knows how to make money, that's why they mine it.

    I don't care who mines my Monero any more than I care who mines my gold and silver.

    Screaming their lungs out because coins were mined fast in the beginning, yet have no problems happily receiving stolen property for their own gain.


    Another scam apologist. Apparently this one is too stupid to understand the difference between botnet mining, and a dev yelling "NO PREMINE" then instamining 575,500 coins in the first hour (1.5 million in the first 8 hours)

    I understand the difference quite well. Apparently it is you who is too stupid.
    http://bit.ly/1JtjJAn

    Make a bigger deal out of it when anyone (including Evan) solves botnet mining. Also can he go back in time and relaunch his coin fairly so as you and the other apologists don't have to deflect so much? It must be tiring, but good, no rest for the devil and all.

    I believe a fast GPU or ASIC miner that makes CPU mining obsolete pretty much solves the botnet mining problem.

    Time travel however is not yet possible AFAIK, which makes me think your crusade against instamine is running out of arguments. It must be tiring.


    You believe wrong because LTC and BTC have known botnets (I'm sure dash has a botnet or fifty--thus destroying your point) and have this centralizing feature. I'm using centralizing as a feature very loosely. And it's not that I'm running out of arguments, it's that until dash is gone, you're going to keep seeing this one over and over and over again. It's like they say in the NFL, "If you don't like it, stop us."

    3659  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission? on: April 26, 2015, 08:37:13 PM
    In live, like minded people will always find there peers.
    Evan with his Darkcoin shit attracts lowlifes, scums, and fraudsters like fly's to shit.
    It tells a lot about the personalities involved.

    Just an example of Monero supporters' double standards:

    Who cares if a botnet mines Monero? 99% of all coins have for sure been mined by botnets. Even bitcoin.
    I'd say the botnet operators are smart and knows how to make money, that's why they mine it.

    I don't care who mines my Monero any more than I care who mines my gold and silver.

    Screaming their lungs out because coins were mined fast in the beginning, yet have no problems happily receiving stolen property for their own gain.


    Another scam apologist. Apparently this one is too stupid to understand the difference between botnet mining, and a dev yelling "NO PREMINE" then instamining 575,500 coins in the first hour (1.5 million in the first 8 hours)

    I understand the difference quite well. Apparently it is you who is too stupid.
    http://bit.ly/1JtjJAn

    Make a bigger deal out of it when anyone (including Evan) solves botnet mining. Also can he go back in time and relaunch his coin fairly so as you and the other apologists don't have to deflect so much? It must be tiring, but good, no rest for the devil and all.
    3660  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 26, 2015, 04:30:17 PM

    I've been holding my XMR religiously since I bought at the top.. still waiting to recover my investment. I was so unlucky.
    When will XMR reach ATH again?


    If you're intent on holding, I would say there will most likely be a bolide event between the official db and the official GUI release.
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