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581  Local / Ελληνικά (Greek) / Re: [INFO] Νέες τεχνολογίες γύρω από το Bitcoin on: May 07, 2019, 11:21:36 AM

και την ίδια ώρα τα fee




Να μείωναν αναλογικά και τα withdraw fees τα exchanges, καλά θα ήταν! Grin
582  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XRP] Ripple Speculation on: May 07, 2019, 09:38:57 AM
Ripple currently affected by the bearish trend, possibly dropping to the $0.28 support level. Read more in this short TA.

https://coincodex.com/article/3542/ripple-price-analysis-xrp-may-fall-to-028-support-can-the-bulls-produce-a-rebound/

That's probably an "Expanded Flat Correction",

More info here: https://stockcharts.com/school/doku.php?id=chart_school:market_analysis:identifying_elliott_wave_patterns

However I wouldn't trust any technical analysis on those levels because,
1) This is focused on a short-term analysis which tends to be hard to predict
2) Cryptocurrencies tend to be less logic-bound and that makes the short-term analysis even more unpredictable.
583  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZENZO 漸増 [ZNZ] — Universal Identity-Driven Ecosystem |MasterNodes|PoS on: May 07, 2019, 07:23:08 AM
The Decentralised Version Manager is going to be very helpful for those who don't follow the announcements in Discord, avoiding possible fragmentation of the versions on the network.
That was a great idea guys, good job thinking of it and implementing it!

Special thanks to JSKitty, who really made it happen on this one.



 Wink Wink Wink
584  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: May 06, 2019, 12:10:48 PM
Another blow to Ethereum: ARN is switching from ERC20 to Binance chain.

These greedy people are changing their chains just for a little lousy PUMP.


I think in future there will be more projects changing going from Ethereum chain to Binance chain but eventually project owners dissatisfied with Binance chain will be moving to Ethereum chain too.

There will be movement both ways, not just from Binance chain to Ethereum chain

And later this year (if the roadmap target is achieved) ARK will release their ARK Logic (previously known as ARKVM or Virtual Machine) and allow Dapp and D-games to be build on ARK, with a few interesting innovations.

I'm sure by the end of 2019 Ethereum will have pushed their limits as well, resulting in at least 2 leaders (ETH and ARK).
I haven't researched Binance chain but since Binance is becoming like a big corporation, I wouldn't support them even if their product was good, we don't want another Bitmain capitalising on their fame and wealth.

I'm sure the space already has enough room for 2 dapp chains to co-exist, maybe in the future more different chains will be able to co-exist. Competition is always good for the end-user.
585  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XRP] Ripple Speculation on: May 06, 2019, 07:12:39 AM
Actually, BTC is one of more centralized ones, both by pools (3 or 4 big ones can do 51% attack), and by country (China alone can attack it)

Agreed! Bitcoin mining is becoming centralized. However, this does not change that Ripple is a centralized platform. It will only stop being centralized if Ripple finds a decentralized consensus process on adding nodes in the Trusted Nodes List.

For the hundredth time, the nodes that take care of the consensus are decentralized and open to anyone !!!

Just have a look at the list of validators here: https://xrpcharts.ripple.com/#/validators
Out of the total 117 nodes running on the main net, only 7 are controlled from ripple.com ! (yes I actually counted all the nodes one by one to make sure since CTRL+F was returning a little bigger number)
This is just 5% of the network controlled by Ripple!! 5%

--- shortened the quote ---

The above numbers show us that after 1 year...
  • 2300 million XRP have left the escrow and 2299m of them are in circulation right now, the 1m XRP difference are burnt coins.
  • From 15% of the coins held by XRP in the end of March 2018, we're now at 13%.
  • Considering the XRP held by Ripple and the XRP distributed as "coins in circulation" and the XRP placed in escrow as "coins to be mined", XRP had a good yearly inflation rate of 4.74% (for comparison, BTC had about 4.5% and ETH about 7%).

Ofcourse Ripple stills has the potential to earn 51billion of XRP , but this will take about 50 more years.
Ripple promises that they sell their coins on OTC deals which shouldn't affect the trading price in exchanges, but even if they were to dump 100% of the coins they earn to the market, the impact would still be similar to BTC miners dumping 100% of their coins or Ethereum miners dumping 70% of their mined coins.

However does Ripple let everyone or have a consensus process on who to include in the Trusted Node List? Also to who or where did they distribute all the XRP sold by Ripple? I reckon to a few trusted parties by Ripple, correct?

Who holds the XRP in escrow?
Who holds in escrow?
A:

A mathematical formula wich releases 1 billion xrp a month and put the unsold back into escrow.
In btc they call that mining.

Can you explain more how that escrow system works? Can anyone participate in mining Ripples? I reckon the community should participate in this to help secure the Ripple ledger.

First of all, "Ripple" is the name of the company that created this blockchain and all the business software that uses XRP.
"XRP" is the name of the coin which is used as the backbone in some of their software.

None can "mine" XRP. The escrow/algorithm releases a stable amount only to the Ripple company who sells or gifts it to partner companies and/or for marketing reasons, I don't think we have the exact details of how they use this monthly XRP income but we should be able to tell by watching the blockchain.

However there's no reason to panic with this method, since the coins are NOT SOLD to public exchanges, they are sold OTC (Over The Counter), for example I might want to sell 1000 BTC, but instead of dumping them on the market and driving the price down we could both agree that I transfer you the BTC and you give me 5.50 million through a private channel. Since the exchange is not going through the public Exchanges, the sale does't affect the coin's price.
This method allows Ripple Labs (the company) to benefit by having a monthly income without pushing the coin's price down. The coins are distributed the same way they'd be distributed if people were mining it, but instead of paying for hardware and electricity bills, they pay Ripple Labs.
586  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZENZO 漸増 [ZNZ] — Universal Identity-Driven Ecosystem |MasterNodes|PoS on: May 06, 2019, 06:54:56 AM
The Decentralised Version Manager is going to be very helpful for those who don't follow the announcements in Discord, avoiding possible fragmentation of the versions on the network.
That was a great idea guys, good job thinking of it and implementing it!
587  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ARK - DPoS with Dynamic Fees 🔹 NO longer a fork of Lisk 🔹 New CORE v2🔹 on: May 02, 2019, 09:53:14 PM
Dev team consider partnering with CryptoHashTank POS/MN Service as listing is free

ARK is run on DPoS, not on PoS neither on MN.
In DPoS you don't need any 3rd service, just vote from your wallet your prefer delegate. How much coins you own doesn't usually matter, it depends on the delegate though.
588  Economy / Exchanges / Re: Cryptopia exchange hacked on: May 02, 2019, 08:26:17 AM
They had their chance of regaining trust.
But after 3 months they dont got their exchange running.
You cannot rise from the ashes if you dont try to stand up.

B-but-but... the police... they blocked our entrance... a-and then the weather... such a bad weather, first of all is the employee's safety!
A-A-and th-the coffee machine broke, our employees can't work more than 1 hour per day without coffee.
Al-also, two of our hamsters powering the servers died, so we can't sync more than 1 wallet at a time.
589  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ARK - DPoS with Dynamic Fees 🔹 NO longer a fork of Lisk 🔹 New CORE v2🔹 on: May 02, 2019, 08:03:45 AM
I don't see much room for anything to be developed on ARK before they release the ARK-VM. I believe this will be a big hit that has the potential to overtake Ethereum, as long as the team does good with marketing.

The team is doing great with development quality and speed, what we haven't seen much of yet is their marketing strength.
The YouTube commercial was of high quality and almost like a Hollywood movie commercial, so I have high hopes for when they'll focus on marketing!

My suggestion to ARK would be this: Create your own decentralised game on your blockchain or pay another developer to make one for you, your VM success (and your whole project's success) will depend on the success of your first apps, please make sure your very first one is a great success!
590  Other / Beginners & Help / Re: Always monitor your coins - Always be secured! on: May 02, 2019, 07:48:28 AM
Though it doesn't add any security if you monitor your coins (as already explained by previous posts), there are many reasons why doing so might prove helpful in some cases.

1) If you're running a masternode, you'll be able to see if you've stopped receiving coins and hopefully fix whatever issue without loosing income.
2) Similarly, if you're on a PoS or even more importantly on a dPoS project and stake coins, you'd like to check if your inflow is as expected. Since we're in the "Beginners sections"... a few words about dPoS projects. In a dPoS consensus (like ARK or LOOM) you vote for a delegate who is securing the network. The top voted delegates are selected to forge blocks, they get block rewards and usually share these rewards with their voters. Since a delegate might turn inactive, malicious or reduce the rewards they share, you need to at least watch the rewards you receive, if not your delegate's overall status and updates.
3)
If you get hacked, you might at least buy-back the coins you lost on the bottom. It'd be much worse if you'd hear in a year or two or three that the prices are 10 times higher, you believe you're now rich, you're going to check your wallet and they were emptied since a long time ago! (whoo... what a scary though!)
591  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: April 30, 2019, 11:55:36 AM
This is kinda impossible for ETH,
1) 1000$ was a FOMO bouble.


Now you might have a point there but during that period crypto were doing very well all-round, the market was very high.

Maybe FOMO did play a part in ETH hitting $1000 but does that also apply to all other crypto during that period too such as Bitcoin, XRP and others?

It sure does apply to all, especially in startups/ICOs it was a crazy period of nothing but FOMO. At least ETH had some fundamentals and it now has stronger fundamentals, it wasn't 100% bubble... it just went too high too fast.
592  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XRP] Ripple Speculation on: April 30, 2019, 10:32:42 AM
Actually, BTC is one of more centralized ones, both by pools (3 or 4 big ones can do 51% attack), and by country (China alone can attack it)

Agreed! Bitcoin mining is becoming centralized. However, this does not change that Ripple is a centralized platform. It will only stop being centralized if Ripple finds a decentralized consensus process on adding nodes in the Trusted Nodes List.

For the hundredth time, the nodes that take care of the consensus are decentralized and open to anyone !!!

Just have a look at the list of validators here: https://xrpcharts.ripple.com/#/validators
Out of the total 117 nodes running on the main net, only 7 are controlled from ripple.com ! (yes I actually counted all the nodes one by one to make sure since CTRL+F was returning a little bigger number)
This is just 5% of the network controlled by Ripple!! 5%


You can read an interesting article and find some graphs about it here: https://ambcrypto.com/uae-is-top-destination-for-token-sales-in-2019-iota-pumps-by-17-as-jaguar-integrates-it-for-data-sharing-access-and-more


As for the actual coins and who owns them, those are locked behind a smart contract which releases the coins in small amounts every month.
Personally I check the "XRP Supply" section found on the bottom of this page: https://ripple.com/xrp/market-performance/, it's updated every month and if you write down these numbers every month  (like I've been doing) you'll get a nice picture of how those coins are handled.

For anyone interested, here is a 1 year comparison of the XRP,
25/03/2018
TOTAL XRP HELD BY RIPPLE 7,097,884,501
TOTAL XRP DISTRIBUTED 39,094,520,623
TOTAL XRP PLACED IN ESCROW 53,800,000,024

14/04/2019
TOTAL XRP HELD BY RIPPLE 6,486,676,982
TOTAL XRP DISTRIBUTED 42,004,966,728
TOTAL XRP PLACED IN ESCROW 51,500,000,013


The above numbers show us that after 1 year...
  • 2300 million XRP have left the escrow and 2299m of them are in circulation right now, the 1m XRP difference are burnt coins.
  • From 15% of the coins held by XRP in the end of March 2018, we're now at 13%.
  • Considering the XRP held by Ripple and the XRP distributed as "coins in circulation" and the XRP placed in escrow as "coins to be mined", XRP had a good yearly inflation rate of 4.74% (for comparison, BTC had about 4.5% and ETH about 7%).

Ofcourse Ripple stills has the potential to earn 51billion of XRP , but this will take about 50 more years.
Ripple promises that they sell their coins on OTC deals which shouldn't affect the trading price in exchanges, but even if they were to dump 100% of the coins they earn to the market, the impact would still be similar to BTC miners dumping 100% of their coins or Ethereum miners dumping 70% of their mined coins.
593  Economy / Services / Re: BITCLOAK BITCOIN MIXER [SIGNATURE CAMPAIGN] [OPEN][Merit ++] on: April 30, 2019, 09:41:29 AM
I just noticed that there was no mention of the day the posts are counted! When does the week reset? Roll Eyes

You can see your name in the spreadsheet- https://docs.google.com/spreadsheets/d/1SqJWbEoIyFHM1ZbJErC4s0xVVOVIHzHZLuqG0QA8GBc/edit#gid=1817547126

your payday is May 3, so that would be 3 days from now, you still got enough time to do the minimum post.

Oh so we all have different pay-days! That's a good idea and very fair, though a bit more troublesome to manage, thanks to whoever is managing the counting and payments for your trouble! Cheesy
I had checked this spreadsheet but I hadn't noticed this column, thanks Ipwich for pointing it out!
594  Bitcoin / Hardware wallets / Re: integrating Electrum with Ledger Nano S on: April 30, 2019, 09:38:31 AM
Ledger Live is pretty limited with Altcoins functions too, for example they don't support transactions of tokens which are stored in your ETH address, you need to connect to MEW (MyEtherWallet) in order to see and spend your tokens.

As a reminder though, Ledger Live is relatively new, the company was using a different wallet for each individual coin before they create Ledger Live which I think is younger than 1 year old.
They update it often so I'd say, keep Ledger Live installed and periodically open it and test its functions, they may add what Electrum has and Ledger Live is missing at some point.

It's also important to update your Ledger's firmware... probably... well we can't know what kind of change might be introduced in Bitcoin's or an Altcoin's network in the future which might create issues with a non-up-to-date firmware. Personally I always check for firmware and wallet updates before I send big amounts with Ledger Nano.
595  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: April 30, 2019, 09:26:28 AM
Having GUI wallet for windows or not, at the current period, does not matter.
It matters a lot. Where can Average Joe hold Grin? On exchange only. And we all know how bad decision is that. It's in first 3 advices you give someone ("don't keep your coins on exchange")
BTW, even terrible projects, some obvious scams and money-grabs have Windows GUI wallet.
So, the fact that Grin doesn't have it is intentionally for sure. Why? I'm not sure.

Here's a wild and crazy idea.

Maybe install Linux in a VM on your Windows machine, and run it that way ?

Also, the posts about people making web wallets just have me rolling my eyes, painfully backwards.

Not your keys, not your coins. Don't ever trust web custodial services.

Well....... being a single-GPU-miner+holder type of guy, a web wallet works just fine in my case until a Windows GUI wallet is released.
I can't remember when was the last time I used a non-GUI wallet, I'm too lazy to go back to that now!
Bittrex can hold my mined GRIN until then, maybe if people FOMO-overbuy it and the price go too high I'll sell some so having it already in an exchange wallet maybe isn't that bad after all!
596  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: April 30, 2019, 09:15:47 AM
Yes, I'm not rushing and I understand before it takes off again to that price. I've been waiting for that time because I'm near to break even with that price. I'm in total loss and this gives me that kind of depression but I'm still fighting though. I understand that the market is totally volatile and ethereum is one of the best coins that I've got.
let's hope that ETH can return to the price of 1000$
and the market will soon recover towards new ath

This is kinda impossible for ETH,
1) 1000$ was a FOMO bouble.
2) We don't have the same amount of coins in circulation like we did back then, which in simple words means "right now there are more coins waiting to be dumped the moment holders make some profit than there were back then".
3) There is a rising competition, people who believed Dapps were the future and bought ETH back then, now they might split their investment between ETH, LOOM, ARK, EOS and I don't know what else.

I'm not saying there won't be a wider adoption, being active in d-gaming communities I see a lot of new people joining every day asking how to buy Ethereum in order to play a certain game.
But don't believe that if the users and the overall $$$ investment in this space are doubled, so will the price of each ETH coin (I mean it will increase, but not with 1-on-1 relation).
597  Economy / Services / Re: BITCLOAK BITCOIN MIXER [SIGNATURE CAMPAIGN] [OPEN][Merit ++] on: April 30, 2019, 09:08:27 AM
I just noticed that there was no mention of the day the posts are counted! When does the week reset? Roll Eyes
598  Economy / Exchanges / Re: Cryptopia exchange hacked on: April 30, 2019, 09:08:11 AM

Probably by late May or early June. CLM represents the value of the coins that were withdrawn by the hacker from your wallet (in NZ Dollar). You may face a 14% haircut on your Bitcoin holdings in Cryptopia. But don't worry. The remaining 86% is safe and you may be able to withdraw them in approx. 2 months from now. And you may get a part of the remaining 14%, if you chose to exchange the CLM coins to BTC or NZD.

Firstly the haircut effect all the clients/users of Cryptopia with no exeptions. Secondly withdraws for those coins is available from now, if anyone wants to.
As for the CLM tokens, Cryptopia doesn't even make a market. They just credit our accounts and nothing more, at least until now.
Btw a lot of alt coins are still not available due the "hot wallets" fixation...

They are so slow. They probably want to "prove" to their users that their exchange is safe again and they are trustworthy (or rather, fake it) before enabling CLM trading.
Maybe they'll stick a PoS tag on it hoping it'll be made less useless this way.
It's disgusting how they create a new useless token as a form of compensation when they already have their own token called "DOT" which at least has 1 use, that is getting listed in their exchange (https://www.cryptopia.co.nz/CoinListings).

They could have compensated people with DOT but nope, that'd be like sharing the loses with their users, let's instead push all the loses to their customers! Great business tactic.
599  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: April 30, 2019, 09:00:28 AM
Why the heck are you people talking about $ value?

Makes zero sense for grin.

50k sat broke, we are looking for a new bottom :S

Why is it zero sense? Miners pay for their mining costs in fiat. The lower grin's value in fiat, the more coins the miners require to dump and the more pressure that creates on the market.

Well, you're forgetting to count that the lower the value, the less miners will be on the network, so in the end the overall "pressure" created by the miners won't be that different regardless of the coin's price.
I'm sure the situation with the miners will get better once the next generation of GPUs ships. The RTX20 was "meh...", it didn't make an impact in crypto. Maybe the next one will create enough of a gap between the GPU generations to force farms to shutdown and allow the power to return to the individual small miners who don't have to pay crazy amount of bills each month.

... then I foresee a new bullrun which will have people emptying the GPU shelves from the stores again and the history repeats itself!
600  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XRP] Ripple Speculation on: April 28, 2019, 11:11:55 PM
XRP fell behind a bit in regard to other coins and people is freaking out!
It'll catch up eventually people, the fact that it's not mineable with a daily emission for miners to dump it will eventually push the price.
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