This is gonna have a huge marketcap, mark my words.
Agreed with you this gonna be a huge thing in crypto market. This is totally new tech at the moment there is no competitor in the market so this will be next big thing on this universe. Sorry for being a bit lazy and asking this but you say there are no competitors in the market but what about ark and waves? I read here about the cross chain p2p but I believe ark got this from blocknet right? so whats the difference between them? Ark is getting a lot more interest so why if blocknet was here first is ark walking away with the attention? I also read about decentralized exchange with the hardfork is that comparable with waves platform? The op is updated since end 2014? why? Looks like an interessting entry point I read a lot of enthusiasm but still have to inform myself a bit more I think that any coin that activates Segwit and the Lightning Network may also be a competitor to this project. One of the benefits of the Lighning Network: "Securely cross blockchains: payments can be routed across more than one blockchain (including altcoins and sidechains) as long as all the chains support the same hash function to use for the hash lock, as well as the ability the ability to create time locks." |
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Get a a Scrypt asic (from) China? Gpu mining on scrypt is dead. Supporting it like that is symbolic.
Mining on a laptop is not really something you should do. Safest way is probably renting some scrypt Asics for the next weeks.
Obviously the less efficient mining methods are not ideal for long term Litecoin mining. However, the purpose of this is to make sure Segwit is activated, and every extra hash will help ensure that it happens. |
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As far as scaling, Segwit, and Litecoin... it is more of a precautionary implementation. It is better for the capacity to be there when you need it rather than waiting to implement it until after you need it. As far as Segwit, LN, and Litecoin... it is not only about scaling. Ignoring the scaling benefits, there are a lot of other benefits: LN:Instant transactions Cross-chain atomic swaps Lower transaction fees Reduced blockchain bloat and load Anonymous transactions by use of onion-style routing Sub-satoshi payments Segwit:Fixes malleability issues Lighter full nodes are possible (you can opt not to download or store signatures, and leave it to the witnesses) Lighter light nodes use less bandwidth and disk space (don't need to verify signatures) Miners can maximize fee income and users can more reliably calculate the needed fees Makes advanced scripting (smart contract) easier Reduced blockchain bloat and load More info on Segwit benefits here: https://bitcoincore.org/en/2016/01/26/segwit-benefits/More info on LN benefits here: https://en.bitcoin.it/wiki/Lightning_Network |
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I'm glad you figured it out.  |
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I think Blockfolio is the best one. It tracks 800 cryptocurrencies, and you can add the amount you own of any of them to your porfolio. It will show the price change, percentage change, and a graph for each coin separately, or your portfolio as a whole. It even can track when you sell or buy each coin too. Overall I'm really impressed with it.
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Electrum Litecoin works the same way as Electrum Bitcoin. It does not download the blockchain. If the light is green, then Electrum is probably working.
Click on deposits/withdrawals in Poloniex, and scroll the bottom, then click on Deposit/withdrawal history. Sometimes Polo puts a hold on certain withdrawals for security reasons. If that's the case, then the hold is usually released at 12am.
If it shows they already sent it, then you can look the transaction up on a block explorer to see what is happening with it.
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Does it mean the ETH is very popular?
I would say so. It would have to be pretty popular for it to obtain this high of a market cap and volume. And rightfully so, IMO, because it does have a lot of potential. It is kind of speculative right now, and we will need to see if all or some of these projects that are building on Eth actually come to fruition. I still expect a correction in the market in the near term. |
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Do not expect the price of siacoin to go up too much or as others say to the moon, siacoin implementation has special features to prevent the price from going up to high, will coin burns as well as inflation inbuilt
Can you elaborate on this? This is my first time hearing about it. If not as an investment, then what is the point of buying Siacoin? Pretty much everything can be found on sia.tech and the white paper. Too much to explain that can simply be copy pasted. Sia coin is used as a token of payment, not every crypto is for simply investment... I hate you right now... I just read the entire whitepaper and see no mention of these supposed "special features". I don't think you know what you are talking about. There is a "tail emission", but that is hardly a novel feature, as many cryptocurrencies have this feature. The whitepaper doesn't makes any mention of burning fees either. Sia is a product of Nebulous Incorporated. Nebulous
is a for-profit company, and Sia is intended to become
a primary source of income for the company
...
Nebulous intends to generate revenue from
Sia in a manner proportional to the value added by
Sia, as determined by the value of the contracts set
up between clients and hosts. This is accomplished
by imposing a fee on all contracts. When a contract
is created, 3.9% of the contract fund is removed and
distributed to the holders of siafunds
Siacoins are definitely intended to be an investment... Sure, you can use them to use the service, but most people around these parts would most likely be looking into Siacoin as investors. |
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A question to all of those who are saying that the coin can not be expensive, because it's whole point is that the service should be cheap.
Is the pricing fixed? If the SC gains value, the price will be 0,1 Siacoin instead of 1 Siacoin, or am i wrong?
Miners Renters of hardrive space can set whatever price they want for renting their storage space. Then, buyers of storage space can choose what they want to pay. So, I don't get this argument either. If the price goes up, then renters can simply lower their asking price. Do not expect the price of siacoin to go up too much or as others say to the moon, siacoin implementation has special features to prevent the price from going up to high, will coin burns as well as inflation inbuilt
Can you elaborate on this? This is my first time hearing about it. If not as an investment, then what is the point of buying Siacoin? |
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I'm not surprised to see this at all, because it looked like a scam from the onset. I hope that not too many people got scammed from this.  Nonetheless, thanks for coming forward with this information. Cheers buddy! |
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I need a remote control to access my tv , does it mean my tv had permission ? Nope. Anyone can grab the remote and charge channel.
I need a transistor to listen the radio , does this mean the radio has permission ? Nope, anyone can grab the transistor and listen the radio.
There is investment cost to make profits out of it. Doesnt mean it's permission based.
Just as it is with PoW mining, your logic is flawed in your two examples. Anyone cannot simply grab the remote. They need permission to access your house. Permission to drive on the road, or walk on the sidewalk to your house. Permission to change the channel (you've never stopped a kid from playing with the remote? Or had to get permission from the wife? Or if I'm having a party to watch a big sporting event, then I am not going to simply let a guest change the channel to watch the news). You need permission from the retailer that sold you your TV or remote. TV manufacturers source parts from many companies, they need these companies' permission to obtain these parts. The companies need permission from chip foundries to create said components. The same type of permissions are needed with the radio. Practically nothing is permissionless in this day and age. The main point is the OP seem to have the same thinking bias of people who only see coins as way to make profits. And they think along the line of "I do something that help the network or is good for the coin and i deserve a reward"
Which is incorrect thinking.
I completely disagree. PoS staking still requires time and inconvenience to stakers in order to secure the blockchain. They need to keep the wallet online, and they need to keep the node updated. If no incentive is given, then less people will participate which makes the cryptocurrency less secure. Whether or not someone sees a coin as only a way to make a profit makes no difference, because either way they still need to be compensated for their time and effort. Time and effort = risk, as you could be doing something else that is more valuable with your time Time and effort = money Bandwidth = money Computing resources = money Optional inconveniences = time and effort = risk + money ... There must be incentives of some type, otherwise the network would be less secure because less people would choose to participate (such as keep their funds on an exchange or in cold wallets.) What I am trying to create is a model that does not use inflation for this incentive (as all other cryptocurrencies do,) and I would prefer that you stay on topic as to how to do that. Anything else is off topic. |
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wasn't lbry a deflazionary coin? the block reward was going to icrease over time not decrease, making the vlue much higher at the beginning, then they dumped because the block reward increase too much and buyers were not able to counter the miners pressure
No, library coin is inflationary for about 20 years, then it has neutral inflation (supply does not increase nor decrease). Most PoW coins are like this, other than ones that have tail emissions. A tail emission causes permanent inflation. A block reward equals inflation (the opposite of deflation.) |
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I usually trust anything coinhoarder says and find it correct, tough the fact that he didn’t write anything between November 18th 2016 to march 12 2017, there was a huge gap.
Plus getting a warning of “this user changed their mail recently”, it does give out a change of hands warning to me a bit. So take his ideas with a grain of salt as if you would take a newbie.
Hi, thanks for the kind words! I worked on a cruise ship then a ski resort from July 2016 until March 2017. On the ship I had limited internet access while under way and I worked 80 to 90 hours a week, so I didn't have much time to post. Other than on my phone, I didn't have internet at all in Colorado, so I had to conserve my data plan and did not come here much. I only read things occasionally. As to my email, I had not changed it since I registered until recently. The email I used to register was a Tor Mail email address, which has been inoperable since the FBI seized their servers in 2013. Lol... 😂 I updated my email so I can receive notifications again, and just in case I ever need to reset my password or something. 😁 |
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Hi,
Can someone explain to me in simple bullet points how the decentralized exchange works?
1. Create an order in your wallet 2. XBridge relays it over our DHT network overlay to nodes on any chain 3. People's apps add your order to the order book 4. Someone accepts your order 5. Atomic coin exchange takes place (This is completely trustless, utilising OP_CHECKLOCKTIMEVERIFY) I would like to add it to my thread (The DEX Thread). Actually, I already have added it, but I would like to elaborate on it there. I could not find a whitepaper. As for weaknesses, I'd say that, from a trader's perspective, a weakness is that we can't support scalping and other fast-in-fast-out trading techniques without inducing risk. (We could, for example, build a slider that enables traders to accept orders from contracts with less than the "safe" number of confirmations. This would basically function as a filter on the order book, enabling "instant" trades in exchange for increased double-spend risk. Best used on small position sizes.) Note: the Blocknet isn't just a decentralised exchange. That's just what we're bringing out currently. The Blocknet is infrastructure for the inter-chain era and the emerging "token ecosystem." We aim to provide monetised service-delivery from nodes on any chain to dapps on any other one. In this context, the decentralised exchange is our service-monetisation mechanism, and if we are successful, the exchange will be used mostly by machines. I understand that Blocknet isn't just a decentralized exchange. I was just curious about how it works specifically for the purpose of creating a DEX, as that is what the DEX thread focuses on. I wish good luck to this project, as I think it is very interesting and can become quite useful with all of the things that can be made possible with it! |
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 While there is no evidence the back door does not exist, and never will be, there is also no evidence that a backdoor does exist. It is my belief that the Zcash team was honest in their attempt to make the trust ceremony as transparent and trustless as possible. You either have faith in this or not. The free market is showing that it has faith that at least 1/6th of the people involved in the ceremony destroyed the toxic waste effectively by giving Zcash a $65 million dollar valuation. Naysayers can continue to attack the validity of the ceremony, but so far... the free market has spoken. |
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..Nonetheless, I have thrown some change at a few VTR tokens anyways. Good luck to us!
 Cool, got to use that twice in one day.Thanks |
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I think UASF would work. For example...
ETH vs ETH Classic... I think ETH won the battle there because mostly all of the decent smart contract projects, the original developers, and most of the userbase went with the new ETH chain. In the end, for both ETH and ETH Classic, their value will be derived from the quality and usage of their smart contracts. ETH has ETH Classic beat hands down at the moment, and it doesn't appear like that will ever flip flop.
Now, let's consider LTC vs LTC Classic:
LTC:
LTC keeps its developers funded by the LTC association
Adds Segwit and all the benefits of such
Adds LN and all the benefits of such
Adds various projects that developers can add on top of Segwit and the LN (some have publicly stated that they will develop said projects on LTC rather than Bitcoin if Segwit/LN are activated)
Possibly steals some transactions from Bitcoin due to Bitcoin not being able to handle all of its current transactions, plus the speed benefits
LTC finally gets out of BTC's shadow, starts innovating, and stops playing the copycat game.
Bigger userbase and community
LTC Classic:
Would be LTC as it is today, minus all of LTC's developers
Jihan ultimately has the final say so in every fork
Smaller userbase and community
Just as I think ETH will be more valuable than ETH Classic in the future, my bet would be on LTC rather than LTC Classic. Honestly, I think it is a no-brainer.
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Yes POS is not permission less , unlike pow you need to have coin to participate, it's less anonymous, and a step away from the principle of decentralisation, permission less etc
This is by far the dumbest argument against PoS. PoW is not permissionless either. Once a PoW coin gets big enough for ASICs to be profitable, then BAM- their permission cherry gets popped. You need to get permission from sellers of the coin, ASIC companies, or have millions of dollars around to develop your own ASIC. Even if it is the latter (or the latter latter), you need to get permission from a chip foundry. Even still, the permission versus permissionless argument is further silly. All cryptocurrencies, whether PoS or PoW, ultimately need permission from ISPs, regulatory bodies, and governments. PoS coins have been around for over three years now. Throughout the entire history of PoS coins, there hasn't been a single instance where someone has not been able to become a stakeholder of any PoS coin if they wanted to. Permission has always been attainable. There is always someone looking to exit their position. Whether it be to invest in other alt coins, taking profits, sticking to their stop loss, needing FIAT for real world purchases, an unexpected expense or emergency, etc... Furthermore, PoS coins are not inherently less anonymous. There are ways of getting ahold of coins that are quite anonymous, such as exchanges that do not enforce KYC policies, registering a burn account on a forum and purchasing coins through escrow, utilizing a VPN and/or TOR, and using an exchange on the deep web are all examples. And... I don't think you meant this, but after you have the coins, PoS cryptocurrencies can be just as anonymous as PoW cryptocurrencies, as the same anonymization techniques can be applied. PoW is not any more decentralized either by any means. It may start off that way, but eventually all PoW cryptocurrencies tend towards centralization due to the economies of scale that ASICs bring. That is... if the are successful enough to get to that point, but who really wants to invest in a cryptocurrency that would be unsuccessful anyways? Yet, this thread is not meant to be a PoW vs PoS debate. It intended to be a think tank as to different ways deflationary cryptocurrencies can be conceived, mainly as far as maintaining consensus. If you want to debate PoS v PoW, then I kindly ask you to start another thread, but all of this has been debated ad nauseum for years. You aren't bringing any new arguments to the table really, and a lot of people find the above arguments you bring up against PoS as not being a big deal- valid or not. IMO, most of them are not valid. |
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