@Bitcoins101, you've just told the story of Dogecoin's pre-historic days. The new era of Dogecoin has just started. Watch closely, historian shibe, you'll need to record all events as they exactly unfold for future shibe generations, haha  |
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I don't understand. Where was the idea of a fixed supply ever in question?
It's more twisting of the facts, see my post above. This or complete lack of understanding of what really happened. |
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Who even falls for phishing attacks these days?
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Smart money at Inside Bitcoins has said the ETF is coming this year and will take the price to the moon. I have no regrets so far  Smart money dumps on dumb money |
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But , I won't sell even one dogetoshi.
Right on, shibe, haha! |
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I guess you dont know that much about mining. Due to economies of scale, mining is no longer viable for individuals. Its the same reason you buy milk at the supermarket and not a milkman who delivers it fresh to your door everyday. Basically, the only companies making a profit in mining at this point are the hardware manufacturers themselves. Theres no fruit left on the tree that individuals can reach.
Personally, I dont have a problem with it as it all makes the network more secure.
I don't see how it makes the network more secure. The hashrate figure is not the only parameter of measuring security of the network. The number of participants in that hashrate is no less significant. Security of Bitcoin network is better in one aspect but worse in another, which balances it to about the same it was a couple of years ago when people used GPUs to mine. |
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It's a correction after a quick rise. Now is a good buying opportunity. Block reward halvening in 2-3 weeks will reduce the number of doges dumped on the market, price should go above 100 satoshi then. But as in any crypto nothing is guaranteed, invest only what you can afford to lose.
Disclaimer: I have some doges and my opinion is biased.
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fairest distribution is the good old long term mining schedule.
And that, my friends, would be Myriadcoin. No other coin features a more fair distribution through mining. But looking at how unpopular Myriadcoin is one cannot help but conclude that nobody is actually interested in fair distribution. Hence, all these thousand threads on fairness are completely pointless. |
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...it also suffers from this same speed issue, only to a lesser degree.
What would be acceptable in terms of speed? Decentralized systems can't be as fast as centralized and cannot deliver data in under 1 second. So what would be a good balance between comfortable use and still keeping things decentralized (=protected from tampering with)? |
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Did anyone mention Auroracoin yet?
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what's even more ridiculous is your claim of $50 bln. lol.
if the hacker had dumped that much NXT on the open mkt, the price would've tanked.
It's not a claim, it's math. Purchasing 1% of all available NXT drives price 10% higher, from observations of the bter market. If you start buying NXT to get a sizeable portion (51% of all available supply), you'll quickly drain all supply at exchanges and drive the price through the roof and still won't get enough. Yeah, DeathAndTaxes presented the same 'argument' about hacker dumping NXT. Well, my answer was, the hacker could do it in two ways: 1) all at once, which would drive the price to ~200 satoshi and there all the 50m would be bought in 1 day, as at that price and all the way to 200 satoshi would be the daily trading volume of NXT in Bitcoins. 2) gradually, 1m per day which would depress price for a couple of months at most. The second scenario obviously would hurt more as it would be prolonged, but even that wouldn't be dramatic. After all, whales have been dumping for 9 months now, and NXT has survived that, although the price doesn't go much higher due to that extensive selling. The hacker could not do anything to the security of NXT itself, he could only hurt the price temporarily, and he realized it's best to get Bitcoins which could be mixed easier, even though he would only get a small number of Bitcoins. |
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You don't even need a derivative market (although that is another way to leverage the nothing at stake problem). You have some coins in block x, you sell the coins, you now have nothing however you can re-org the chain back from block x. Why? Although you have nothing "now" in the past back at block x you did have something. You are attacking with the "memory" or history of coins.
First you must secure $50 bln. (as in $50 000 000 000) funding to buy enough stake. Then you can try. apparently it only costs 200BTC, or approx $100,000, to buy 45M NXT. not quite the same maths. lol, the bter hacker was under pressure, this wasn't a normal purchase of NXT, it was Bter paying the ransom. It's notable that you guys twist facts to your advantage like that. It means there is really nothing you can find to attack NXT with and catching at straws here. |
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NXT has 250 assets and is adding 2 assets/day = it's going exponential...
You haven't seen Dogeparty adding assets, now THAT IS exponential! They added a few thousands assets in two weeks, because it only costs a few cents to issue an asset. It costs ~$30 to issue an asset on NXT at current exchange rate, so 2 assets/day is not that much and not exponential at all. |
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the shibes are cool and nice tho.
much agree ) |
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I see three major cults. 1) Bitcoin 2) Dogecoin 3) Proof-of-Stake (most members are invested in all of these projects: NXT, NEM, BitsharesX, Qora, Crypti, NODE or at least in three out of six in various proportions) Wanna-be cults, but not quite there yet: a) Monero b) and I guess that's it... feel free to propose your vision  |
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So basically
NXT = POS (PIECE OF SHIT)
Today is the day of revelations  |
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@wendell,
please fix wallet.dogeparty.io, it keeps syncing for 2+ days and doesn't show the right balance. It's not professional to keep it stuck like that for days.
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Anybody care to translate to third-gradeese so even I can understand the significance? Hashes don't have to match. Jeff just found that out with first-hand experience It'll be curious to find out what further research by Jeff reveals https://twitter.com/jgarzik/status/511930314977853442 |
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