But the bigger take away from this conversation, in my opinion, is the fact that bitcoin maximalism is a thing. In fact it just about proves it. There's few who really care what all the little alt experiment chains are doing in the end. Bitcoin is going to devour everything but maybe a few others. I happen to think monero may be one of those, but who knows? Maybe not even Monero...
Thoughts?
I agree bitcoin maximalism is a powerful force, and probably only a few crypto will survive, but LTC probably wont be one of them imo, and while Charlie Lee was one of the early birds who 'got the worm' in crypto, he's not one of the top thinkers in 2018. I did respect him before, but lately he looks dodgy, and his refusal to engage with BarterDEX devs who approached him in good faith shows his true colors. He has a profile, and uses it to pump and dump his LTC bags. He's not interested in advancing tech. The thing about jl777 is he doesn't care which crypto succeeds long-term, he's going to make BarterDEX compatible with every tech, even cryptonote like XMR. He doesn't care which ones get popular - he's the guy selling shovels and levi jeans to the miners. afaik adding XMR swap capabilities is on the agenda too. Centralised exchanges are dangerous, decentralised exchanges like BarterDEX are 100% safe, so even if there's only 3 coins in 5 years (BTC, ETH, XMR), BarterDEX will have users. |
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I'd love to see you try to blacklist my "@!$#@$ monero" or mark my accounts.  The fact is you can't. Not even fluffypony (the git repo maintainer) has the power to do that, hence Monero is truly fungible. You need to learn about stealth and sub addresses, ring signatures, and Confidential Transactions. Stop blathering about "muh automatic mosaics" as if anyone cares about that try-hard me-too Layer One bloatware. This isn't your NEM forum safe space. Your nonsense won't survive Bitcoinntalk, which is the crucible that burns impurities like the NEM scam to ash and carbon, leaving only the gold behind. NEM's goal was never to be a privacy coin. You're comparing apples to oranges. Mosaics, namespaces, Apostille etc... are all used to track/digitize real world assets, something a privacy coin cannot do. Exactly, use XMR when privacy is needed, but opaque blockchains aren't suitable for many use-cases, so smart people realise there is a need for many types of DLT's. Guys like iCEBREAKER treat XMR like a religion (there can only be ONE true crypto), and fungibility like a commandment handed down from God. Yes, fungibility is important, but anyone who puts all their eggs in that basket is a crazy zealot. NEM has a target market, and for them the feature set is awesome. |
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...
That said, I believe deepening the relationship between XMR and LTC would be super positive. And for LTC to be able to claim to have performed both the first ever atomic swap AND the first ever atomic swap with a non BTC codebase crypto would be killer. And I think the liquidity a LTC/XMR atomic connection would provide mixed with it's novelty would benefit both communities.
The first ever 'atomic cross-chain transaction' was between Burst and Qora on May 17, 2015. Extremely efficient implementation was used, based on this AT Turing complete smart contracts implementation (2014, before Ethereum): Automated Transactions (AT) is a technology created by CIYAM Developers which provides "Turing complete smart contracts" for any blockchain that implements it ( http://ciyam.org/at). Recently the AT developers produced a Crowdfund application that only requires 25 machine code steps (which is ridiculously small) and that is running on a blockchain now (the Burst blockchain). This is the most efficient Crowdfund application in existence - not only is it incredibly efficient but it is also 100% decentralised! Although we are having troubles with getting any attention (hopefully some smart marketing people will notice this project and consider contacting us) we have already achieved "two world firsts" which we intend to follow up with more ground breaking ATs (which are under development now). #1 - The world's first completely decentralised Lottery (i.e. no website and no central control) was launched in January 2015. #2 - The world's first completely decentralised Crowdfunding application (i.e. no website and no central control) was launched in February 2015. A couple of great tools for those keen to develop their own ATs can be found here (thanks to @burstcoin): https://github.com/BurstProject/ATAssemblerhttps://github.com/BurstProject/ATDebuggerThe undisputed king of atomic swaps is jl777 (he did them in 2014) his BarterDEX has done well over 20K swaps now, most using spv tech so you don't even have to download any blockchains, and if users are prepared to time-lock a KMD deposit they can be 0-conf too. BarterDEX has already done test 'etomic' swaps between KMD and ETH even. It's absolute BS that Charlie Lee claims any credit for doing a few manual swaps with LTC, eventually the word will get out about BarterDEX, and people will naturally ask "why did Charlie ignore BarterDEX for so long?" Holders of assets like DEX have already been paid 2mil USD from fees so far, just from the test alpha stage. |
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Eventually Bittrex will have to open an amnesty period so ALL these people with old legacy accounts can withdraw their funds.
A business can't change the terms of service like Bittrex did without there being consequences.
It's not a priority for them now because they're swamped as it is with new users from the crypto boom, but when legal actions against them starts, then this issue becomes a priority.
Bummer for all those effected, but imo people will get their funds back because Bittrex will be forced to do it, just might be months/years away.
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Well, paradoxically, everyone who is holding BTX long term (like myself) could perhaps have an advantage if BTX will NOT get on some new exchange until the airdrop is over. The less people learn about BTX and the lower the price will be, the less BTC owners will claim their BTX and THE MORE we will get in the remaining airdrops. But, of course, after April BTX should really go on more exchanges and boost its marketing  I agree, wait until after April, then make exchange listing a priority. Leave some growth on the table, to counter the post-airdrop blues. If BTX gets on big exchanges like Binance now, the post airdrop scenario is dump city, BUT, if we wait until April then something like Binance listing would counter any dumping after the airdrop is completed, so price would likely stabilise without any major drop. Most traders don't follow details of so many coins too closely, so avoiding a panic inducing price drop by waiting is smart. Perfect scenario would be to get listed on a BIG exchange the week the airdrop finished, then the two forces cancel each other out - airdrop over::price fall , exchange listing::price rise |
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what purpose do thees Liquid tokens serve for WAVES?
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Does ForkedChain's forging pool distribute the IGNIS collected also, if yes, does it get sent along with ARDR after sending a msg to the forging pool's account?
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Did XBC start as a fork, can people claim coins with btc priv keys?
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just buy some for its hardfork
Hi, is the hardfork confirmed yet ? any date? Isn't the BCH fork using proòf of burn, same as XCP did originally? |
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can someon eexplain the further use of CBX? Just holding value isnt a real use case. Everycoin could do this/or couldnt if it gets dumped. except you will do some heavy market manipulation you wont be able to gurantee a stable value arent you? (and if you are looking at graphs it doesnt seem stable at all^^)
Your question lies at the heart of all crypto from here on. Yes, it is simple and cheap to clone/copy any crypto coin, and thus coin supply is virtually unlimited when we take into account ALL the possible clones, so, how can any particular coin hold value? I think the answer is still uncertain, but the early adopters of these 1st & 2nd generation coins create the 'vibe', and if the 'vibe' is good, the network effect will take over, and the popular coins that hold their value become the popular coins that hold their value ... because, they're the popular coins that hold their value. I hope CBX is one of these 'popular' coins, but it isn't certain by any means, but the potential is there, because: 1- launch of CBX was fair with no 'smell' (like DASH or STEEM) 2- CBX usecase is clear and simple to explain (i.e. digital store of value, virtual precious metal), not trying to be everything, do one thing better than competition 3- PoSP is common sense, but so many other PoS coins don't use it (i.e. only get real inflation adjusted % if you help secure the network) 4- BPN's serve dual purpose, 1. secure the network , 2. limit liquid supply 5- CBX is +4 years old with active community & quality devs, and longevity in crypto is usually rewarded ALL these factors encourage long term HODL, so the future network effect for CBX as a store of value is likely to be superior to many other cryptos, but obviously not certain. Post BTC::BCH split we end up with four basic types of crypto: 1- currencies (like BCH) 2- commodities (like BTC) 3- platform tokens (like ETH) 4- app tokens (ERC20 Zoo) CBX is a commodity, like legacy BTC - which one is more likely to x10 in 2018, BTC with a current MK of +190 billion USD, or CBX with a MK of 4-5 million USD? Don't get me wrong, BTC is a better store of value today (has a much stronger network effect), but for new entrants into crypto who think 10k USD is expensive for bitcoin ... they can buy a similar 'digital gold' for $4-5, and CBX doesn't suffer all the governance issues of BTC, and isn't going to ever have an existential crisis over what it is ('am I a currency, or a commodity?'), CBX is a digital commodity, I don't think I'll ever use it to buy coffee, but maybe one day use it to buy something expensive, like a car or house or boat. CBX has risk, but compared to most other crypto is still massively undervalued, so it's a great investment! |
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Maybe this whole thing was a joke from the start and he finally got bored.
The show's over, the whole thing was performance art, same guy did the same thing with a clone of NXT, using his original forum account 2Kool4Skewl, which got that account banned. https://bitcointalk.org/index.php?topic=422272.0I'm curious, how did you connect the dots and made this assumption? While there's some similarities both in writing and style, 2Kool4Skewl started a development fund encouraging donations while DecentralizeEconom gave the impression that he will not ask for financial support. For anyone following NXT since the beginning it was common knowledge that 2kool4skewl started a NXT clone as a joke in response to a guy called frictionlessCoin who complained long and hard about the 'unfair' NXT distribution, and proposed a clone of NXT himself called NEX. https://bitcointalk.org/index.php?topic=422052.0The amazing thing is NEM started out in the first few weeks as a similar 'joke' parody of NEX also, then its founder UtopianFuture realised there was enough interest in a 'fairly distributed' NXT clone, particularly from skilled devs entering the crypto space after BTC gained recognition in mid 2013, so he quickly adapted his 'joke' into a real project, and later NEM dropped being a NXT clone and became a legitimate independent project. This is all common knowledge for people around NXT since the early days, others can confirm, or you can check old NXT threads and see for yourself. NXT cloning was a popular parody for a while, like Doge, and like Doge NEM went on to be a viable coin. DE might still come back and make YOURCHAIN a real project, like NEM, but looks like it could end up a joke coin too. In the weird and wonderful world of crypto, who can predict with any certainty. edit: I'm keeping my YOURCHAIN tokens, even if 0.001% chance of success there's no point selling now. Remember, the guys who posted 'interested' in the original NEM thread got a free stake of 2.2 M NEM coins which is worth ~2.2M USD today - unbelievable, but true. First law of crypto - nothing makes sense, HODL. Many who sold their NEM stakes too early are in therapy now, or jumping off buildings. |
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Is TALK on any exchanges now?
Should really try and get it on jl777's BarterDEX before that becomes difficult after the inevitable rush.
How? with $$$? Join Komodo slack, then ask for assistance , the dev team behind BarterDEX are extremely helpful, one of the best communities in crypto, jl777 sets a great example and leads by example too, hard working, always available to discuss things, good humored, patient. afaik listing on BarterDEX is free, but TALK community needs to do some 'work' too, not like a centralised exchange where you pay $$ and they do everything for you. |
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Maybe this whole thing was a joke from the start and he finally got bored.
The show's over, the whole thing was performance art, same guy did the same thing with a clone of NXT, using his original forum account 2Kool4Skewl, which got that account banned. https://bitcointalk.org/index.php?topic=422272.0 |
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I like the idea of limiting the number of BPN's to only 125, but how do we get on the queue, who will manage it? Will the queue be a point of criticism from fans of decentralisation? Maybe add some random factor to selection, otherwise corruption might occur, assuming there are more than 125 people with +2k CBA.
Good question. We code this so that there is no limit on BPNs. However there are 2 classifications, Active BPN & Inactive BPN assigned on a first come first serve criteria. Active BPNs are #1 - #125, provide assigned service to the network and receive a reward (9-18% annual). Inactive BPNs are #126 - infinity. They do not provide assigned service and do not receive a reward. If 1 of the 125 active BPNs drops below the 2000 CBX threshold then they forfeit their BPN. The first in line inactive BPN (#126) moves up a spot, is activated, begins providing assigned service and starts earning reward. To be in the queue you have to meet all of the requirements of a BPN and you will be activated when a spot opens up and you are the next in line. This does 2 positive things for the overall ecosystem as well. 1. Increase upward price pressure through scarcity by allowing the removal of more CBX from circulation. Now we can have more than 250,000 CBX locked away for BPNs. (125 BPN x 2,000 CBX = 250,000 CBX) plus additional 'inactive BPNs' waiting in queue 2. Increases PoSP rewards by removing additional CBX from staking. Thanks for the answer! Can I apply for a BPN now? I have enough CBA for at least 2, maybe 3. The only steps to take right now are to secure your CBX and wait for Vault 3.0 launch. In the meantime you can stake via PoSP and earn about 6% annual interest though. Ok, I'll wait for more info, staking 24/7 |
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I like the idea of limiting the number of BPN's to only 125, but how do we get on the queue, who will manage it? Will the queue be a point of criticism from fans of decentralisation? Maybe add some random factor to selection, otherwise corruption might occur, assuming there are more than 125 people with +2k CBA.
Good question. We code this so that there is no limit on BPNs. However there are 2 classifications, Active BPN & Inactive BPN assigned on a first come first serve criteria. Active BPNs are #1 - #125, provide assigned service to the network and receive a reward (9-18% annual). Inactive BPNs are #126 - infinity. They do not provide assigned service and do not receive a reward. If 1 of the 125 active BPNs drops below the 2000 CBX threshold then they forfeit their BPN. The first in line inactive BPN (#126) moves up a spot, is activated, begins providing assigned service and starts earning reward. To be in the queue you have to meet all of the requirements of a BPN and you will be activated when a spot opens up and you are the next in line. This does 2 positive things for the overall ecosystem as well. 1. Increase upward price pressure through scarcity by allowing the removal of more CBX from circulation. Now we can have more than 250,000 CBX locked away for BPNs. (125 BPN x 2,000 CBX = 250,000 CBX) plus additional 'inactive BPNs' waiting in queue 2. Increases PoSP rewards by removing additional CBX from staking. Thanks for the answer! Can I apply for a BPN now? I have enough CBA for at least 2, maybe 3. |
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I raised the possibility of in the future creating more advanced masternodes that work as standard savings accounts that produce better interest the more cbx you accumulate and the longer you save them for.
this would incentivise accumulation and holding and make people think twice about dumping and churning for short term profits.
We should see those with a long term view those people seem to have a saving mentality not out for the quick buck which can cause instability which hinders cbx or any other crypto being used as a real currency
Yes, the tiered approach with added incentives is a very good one. Essentially this is what we are implementing in our own unique way. One limitation we have in coding and design (actually a huge strength to the coins value) is our hard limit of 2% annual inflation. Due to this parameter, we do not have the luxury of unlimited masternodes or inflation for paying them. This also imposes limits to adding in multiple tiers. The difficulty being, how do you pay each out and make them desirable while working within a 2% annual inflation rate on approximately 1 million coins? We have devised a 2-tier way to do this with PoSP and BPN (our masternodes). With our design, PoSP stakers will earn between 3-6% annually while BPN operators will receive a higher reward ranging between 9-18%. As far as adding in additional incentives for the BPN operators to hold for long term and think twice about dumping, I think our limit of 125 maximum BPN slots fulfills this. If an owner of one of the 125 BPN considers selling, they will have to factor in the queue waiting their turn for one of the limited and fixed number of BPNs. Losing your spot and not being to able to get it back is quite a powerful decision influencer here. I like the idea of limiting the number of BPN's to only 125, but how do we get on the queue, who will manage it? Will the queue be a point of criticism from fans of decentralisation? Maybe add some random factor to selection, otherwise corruption might occur, assuming there are more than 125 people with +2k CBA. |
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Bitcoins high fees have killed this project. To send AMP you need to have enough bitcoin on the same address to pay the normal bitcoin transaction fees (like you do with ETH and ERC20 tokens). Using the omni protocol at one point might have looked like a good idea by piggy backing and taking advantage of the most secure blockchain in the world, but now its a detriment. Im about to sell my position in it's entirety.
I wish everyone the best of luck but I'm out.
Devs should swap to a Komodo assetchain, super fast, low fees, easy access to decentralised trading on BarterDEX |
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tony, can you confirm there will be no more airdrops, and these new rules will distribute all remaining coins? |
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This project is dead. Coin should just be erased lol
It is alive, go to Blitz channel on STRATIS slack for details. |
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Does XMR work with any of the hardware wallets?
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