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781  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: August 10, 2014, 01:14:37 AM
Additional thoughts:

1.  Who cares what the Bitcoin Devs like and don't.  If you're just using Fractalcoin as a test bed for future Bitcoin features, then yes, what they like matters.  But if you're trying to create your own, useful, real world adopted coin, then we need to have innovation.  Waiting for other people to create features then adopting them will not make Fractalcoin valuable.  Taking what they are working on then improving them does.

2.  And anonymous mixing may indeed be hype, I don't know.  But it is what the market wants at present.  The market sees value in it. Fractalcoin must gain traction and adoption.  Anonymous mixing is a way in.  If you have a better idea, I'm all ears but POS is not going to be it in my opinion and you'll waste two months of dev time.  If in the future that feature is no longer utilized, who cares.  But at least Fractalcoin will have gained traction thanks to it.

3.  Back in 2005 I started a company where we decided not to have so much as a logo because we were sick of being bombarded left and right by marketing.  We had a really good set of services and our homepage didn't so much as have our company name on it because we wanted everything to be clean and just about the services we offered.

You've never heard of the company or any of the services we offered.  As altruistic as our motives were, that's just not how the world works unfortunately.  Yes, be transparent and honest but the fact is, you have to appeal to the masses by giving them what they want or are told they needed in order to sneak the true innovations in.

If you don't do anonymity I fear someone will take Fractalcoin and add anonymity to it as a more secure anonymous currency would be amazing.  I'd prefer you head that up Earlz.  But if you don't, whoever does, please contact me via PM so I can invest.

Hi MyFarm, did earlz or someone else (dev) contact you about your suggestions?

No.
782  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: August 07, 2014, 05:49:05 PM
Additional thoughts:

1.  Who cares what the Bitcoin Devs like and don't.  If you're just using Fractalcoin as a test bed for future Bitcoin features, then yes, what they like matters.  But if you're trying to create your own, useful, real world adopted coin, then we need to have innovation.  Waiting for other people to create features then adopting them will not make Fractalcoin valuable.  Taking what they are working on then improving them does.

2.  And anonymous mixing may indeed be hype, I don't know.  But it is what the market wants at present.  The market sees value in it.  Fractalcoin must gain traction and adoption.  Anonymous mixing is a way in.  If you have a better idea, I'm all ears but POS is not going to be it in my opinion and you'll waste two months of dev time.  If in the future that feature is no longer utilized, who cares.  But at least Fractalcoin will have gained traction thanks to it.

3.  Back in 2005 I started a company where we decided not to have so much as a logo because we were sick of being bombarded left and right by marketing.  We had a really good set of services and our homepage didn't so much as have our company name on it because we wanted everything to be clean and just about the services we offered.

You've never heard of the company or any of the services we offered.  As altruistic as our motives were, that's just not how the world works unfortunately.  Yes, be transparent and honest but the fact is, you have to appeal to the masses by giving them what they want or are told they needed in order to sneak the true innovations in.

If you don't do anonymity I fear someone will take Fractalcoin and add anonymity to it as a more secure anonymous currency would be amazing.  I'd prefer you head that up Earlz.  But if you don't, whoever does, please contact me via PM so I can invest.
783  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: August 07, 2014, 05:22:18 PM
stealth addresses solve a very real problem that other anonymous mixing solutions do not.
Could you elaborate on what they solve that anonymous mixing solutions do not?

And why not fork Shadowsend now and improve upon it?
784  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: August 07, 2014, 04:43:43 PM
Hello, I wanted to give a general development update. I've been extremely busy with some other matters so I haven't had nearly as much time to work on Fractalcoin. However, this does not mean we've abandoned it or anything like that.

Earlz,

First, thank you for your continued commitment to Fractalcoin.  It means a lot to me as an investor.  Thoughts:

1.  Our current issue with network security is a function of price.  If the price of FRAC was high then network hash rate would be higher as more miners competed for the single FRAC per block as well as the fees.  As the price of FRAC is low, they go elsewhere and we are stuck in a downward spiral.

2.  Slingshield, percentage based fees, and you setting us up to take advantage of future bitcoin innovations is brilliant.  You've done an excellent job with this coin and are to be commended.  As we all know, the current price is not a valid representation of the innovation of this coin.  However, you can't argue with the market.  It is what it is.  We can sit around waiting for a large coin to get hit with a 51% attack at which point I think FRAC would get on people's radar or we can adapt.  It appears to me that you're choosing to adapt which I think is smart.

3.  While I like your idea of porting POS to FRAC to strengthen network security, I think it will result in a more secure coin that remains lacking in value.  I see it securing the network but don't see it exciting people to where they will invest in FRAC.  It's just not what the market wants right now.  Unfortunately, history is littered with brilliant innovations that the market simply wouldn't support at that point in time and I'd hate to see FRAC be added to that list.

4.  Like it or not, coins need marketing.  Earlz, you're a brilliant coder, but this coin also needs marketing.  For your innovations to not be adopted because this coin doesn't play to the masses would be sad in my opinion.  And like it or not, anonymity is king right now.  I know you don't see great value in anonymity, but THE MARKET does.  If you were to adopt work towards anonymity, your brilliant innovations can also be adopted which is what really matters.  Allow for anonymity as your means to get your true innovations adopted.

How?

A.  Think of this title: "[ANN] [FRAC] Fractalcoin: The most secure anonymous coin - 71% security with Slingshield" --- Suddenly, we're a more secure Darkcoin.  We're anonymous, we have a brilliant developer, and we have Slingshield.  That right there makes me want to buy the hell out of this coin.  Heck, announce something like this and I buy every FRAC I can up to 0.0002 (I'd take it to .0003 but don't want to be too greedy as others need to be able to purchase the coin cheap) as fast as I can and the network becomes stronger.

B.  Which kind of anonymity you use is up to you.  Nodes like Darkcoin, ring signatures like Monero.  Your own innovation.  It doesn't matter.  Announce a move towards anonymity and we surge and secure the network.  Achieve anonymity with Slingshield and this is a $XXX,XXX,XXX coin in my opinion.  And from there, you can continue to innovate as you see fit or let the coin settle as Skunkmonkey mentioned.

C.  Make a move towards anonymity and I'll donate 10,000 FRAC to the developers to split amongst yourselves as you see fit as I know it would be a lot of work and you guys deserve a larger reward if you undertake this.

Network security is a function of price.  Rather than secure a cheap coin, let's improve price so it secures itself and the innovations are put to proper use.

Just my thoughts as a successful altcoin investor.
785  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: July 30, 2014, 03:03:34 AM
I haven't given up on this coin as I haven't given up on Earlz.  But I'm not going to run up the price at all until people stop selling at this price point.

If Earlz and company release new code or a new roadmap, that can of course change immediately.

Just bought most of that 8k wall.  Thanks to whoever sold that.  I'll take more at this price if you want.
786  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: July 20, 2014, 02:59:38 AM
I think it's time word start to get out about Fractalcoin.  If any of you would like to take part in step one: https://bitcointalk.org/index.php?topic=701881
787  Alternate cryptocurrencies / Altcoin Discussion / Fractalcoin - The most important cryptocurrency innovation of 2014 on: July 20, 2014, 02:58:37 AM
I would like to bring your attention to Fractalcoin (thread located here: https://bitcointalk.org/index.php?topic=650173) which, in my opinion, has the most important innovation of 2014.  The devs of Fractalcoin have created Slingshield which takes the dreaded 51% attack we all worry about and makes it so that you have to have 71% of hash power to have a successful attack.  They have managed to increase network security SUBSTANTIALLY.  The white paper can be read here: https://mega.co.nz/#!gBEQ3JhQ!0R40rMjdN8jbzxKAtH9X3ZciRx5yuBOsq7KWosGUFgo

Fractalcoin has other excellent innovations with doubtless more on the way but Slingshield is truly amazing.  I suspect we'll see many new altcoins utilizing it in the future.  The greatest thing about all of this is how under the radar this innovation has been.  Fractalcoin currently has a market cap of less than $150,000.  I suspect people either missed the coin in the huge sea of coin releases or don't grasp just how important this is.  I personally have a short term market cap target of $x,xxx,xxx and midterm target of $xx,xxx,xxx but that is of course speculative.  However, as I always say, invest in the dev, not the coin.  And the three devs of Fractalcoin have created the most innovative and important new feature of 2014.
788  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: July 19, 2014, 11:39:05 PM
What good times for FractalCoin.. listed on Bittrex, Poloniex, and now Cryptsy! Cryptsy was the first exchange I ever used and even though they're not the #1 exchange anymore they still hold weight with me. I was reading about SysCoin earlier and they mentioned in the ANN that they were looking at SlingShield tech for when their coin goes to pure transaction fee based rewards. Kudos to the devs for contributing something truly meaningful to the world of cryptocurrency, it must be an amazing feeling!
I've been thoroughly enjoying that people are still willing to sell at this level.  I've been quietly acquiring FRAC and completely blown away that I can get it this cheap.  As I always say, you invest in the dev first and foremost.  And slingshield and the other innovations this coin has showcase that the devs here are top notch.  I invested early in DRK because of Evan.  I'm investing early in FRAC because of Earlz.  I have a short term price target of $x,xxx,xxx and medium term of $xx,xxx,xxx for FRAC.  People simply don't comprehend just what these devs have done as of yet.  Once they realize the importance of these innovations, FRAC is going to explode.
789  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: July 19, 2014, 10:05:02 PM
1. No, they are using the latest software. The coins are coming out of their own personal costs. I talked with Richie and he told me he's enabled them now. 

Transaction fees are forced by miners and the network, but not at the block protocol level. So, if you were to modify the code so that you it charged less transaction fees, what would happen is that the transaction would never confirm. Miners and nodes would ignore the transaction. However, if you could find a miner to mine your low fee transaction, then the block they create would be considered valid. However, there is a disincentive to do even this because of how Slingshield adjusts difficulty based on transaction volume for the current block.

2. Ideally, in the long term, the 2 FRAC cap is temporary, but there are no short to mid term plans to disable them until no services need it.

3. Yes, this is because as far as the network is concerned, the two addresses have no way of conveying that they belong to the same wallet.
1.  Thanks.
2.  Thanks.
3.  Are exchanges ok with this?  Are they getting killed when they move FRAC to and from cold wallets?
790  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: July 19, 2014, 07:04:14 PM
Thank you for the fast response, Earlz, I appreciate it.  A few more questions:

1.  As this is due to an entity not updating their software, what is to stop a malicious entity in the future from purposefully using old software to create inflation?  Will there be a hard fork at some point to stop the FRAC from being created out of thin air as it is now?

2.  Is the 2 FRAC cap temporary?

3.  If I send coin to myself but to a different address in my own wallet, do I get charged a transaction fee?

Thank you!
791  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: July 19, 2014, 06:25:59 PM
This time I sent 10000.002 here: http://cryptexplorer.com/block/000000000474d9c85830b30c80fe4f64553fedb756493368a58df9f707c752cd and received my expected amount.  Once again, I see a 2 FRAC fee generated so do I ascertain correctly that there is a 2 FRAC cap and the .5% fee is created by the system and not taken from spent/sent amounts?
792  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees on: July 19, 2014, 06:05:00 PM
Could a dev please explain percentage fees for me?

1.  I sent 5000 FRAC from Bittrex to Cryptsy here: http://cryptexplorer.com/block/000000000750992840943b4959622dd684a597cd1c137869f0a1dee087388f23

2.  .002 was taken off the top by Bittrex

3.  I received 4999.998 at Cryptsy

4.  I see in the block that a 2 FRAC fee was generated.

My questions are:

A.  Where is the 2 FRAC coming from?  Does it generate it from thin air thus increasing the outstanding FRAC?  It obviously didn't take it from my existing coin.  If it is generated, what is to stop someone from sending coin over and over to themselves thus greatly increasing the overall supply?

B.  You state .5% transaction fee.  Is that capped at 2 FRAC?

Thank you.
793  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]Hotcoin-Energy saving&EP/No IPO/No PoS/Queuing mining/Anti ASIC/Anti Botnet on: June 27, 2014, 07:37:17 AM
We will add anonymous function to hotcoin,
Please pay attention hotcoin.
Thanks.
Excellent news!  I look forward to it.
794  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | X11 | Slingshield | % fees | 0.5% Premine on: June 26, 2014, 06:24:14 AM
Thank you for taking the time to respond Skunky, I appreciate it.

Here's the thing.  As we all know, there are a ton of altcoins out there.  Slingshield is what attracted me to this coin as it shows me the devs are capable of innovation.  And while innovative, it isn't going to cause widespread adoption of this coin.  Neither is advertising/marketing as there are hundreds of other altcoins out there trying to market their ways to the top.

What will drive adoption is innovation.  

As devs, the only thing you should be thinking about is how to make this an innovative coin; a coin that stands out from the rest.  If you do that, the community will build around you and take care of everything else.  If you focus on bounties and advertising and stuff like that, this coin will be left in the dust.

Look at my post history.  I'm not afraid to donate substantial amounts to bounties in support of innovative coins.  Look back far enough and you'll find a post by me where I donated 1000 DRK to someone for their work.

I see potential in Fractalcoin and you devs.  But if you're not coming up with software solutions to make this coin better, then you're not utilizing your talents.  And it is that talent that will make this a $xx,xxx,xxx coin.  Nothing else.

Yes, I am asking a lot from you guys.  But the thing is, if you put a lot into this, this coin can make you millionaires.  There's a reason Evan Duffield of Darkcoin became a full time Darkcoin dev.  He trusted his coding talent enough to know that if he worked hard on innovating his coin, he would be a millionaire.  And that has become a reality.
Question: what are the innovations you are expecting?

I don't know.  What I'm curious about is if the devs have anything in the works or planned, thus the desire for a roadmap.

If they want ideas, I have them.  For example, at this point, developing anonymity from scratch isn't a good idea.  However, one idea would be to look to the darkcoin masternode system.  It is just about ready and the code could be added to Fractalcoin.  Utilize masternodes with Fractalcoin to help secure the network, take Fractalcoin out of circulation, and add some sort of feature that taps into the masternode system that is innovative. 

Hmm, good to know, hope dev will take this into consideration if any possible, looks like they more concern about the percentage fee right now to improve it further.


We will keep an open mind, but I don't think anonymous transactions will be implemented anytime soon unless a clear and obvious need is shown for them. If you want to remain anonymous, it's quite easy to make transactions ambiguous and difficult/impossible to provably track what funds was spent where, assuming you're not dealing with the volumes of coins that would be required for laundering money.

Yes, darksend as an additional feature would be nice, but we feel there are much more important priorities. Also, the darksend master node system required for anonymity is currently closed source. We may evaluate it's worth and compatibility with Fractalcoin when it's code is made public. 
What are the more important priorities?

Thank you.
795  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | X11 | Slingshield | % fees | 0.5% Premine on: June 25, 2014, 10:31:36 PM
Thank you for taking the time to respond Skunky, I appreciate it.

Here's the thing.  As we all know, there are a ton of altcoins out there.  Slingshield is what attracted me to this coin as it shows me the devs are capable of innovation.  And while innovative, it isn't going to cause widespread adoption of this coin.  Neither is advertising/marketing as there are hundreds of other altcoins out there trying to market their ways to the top.

What will drive adoption is innovation.  

As devs, the only thing you should be thinking about is how to make this an innovative coin; a coin that stands out from the rest.  If you do that, the community will build around you and take care of everything else.  If you focus on bounties and advertising and stuff like that, this coin will be left in the dust.

Look at my post history.  I'm not afraid to donate substantial amounts to bounties in support of innovative coins.  Look back far enough and you'll find a post by me where I donated 1000 DRK to someone for their work.

I see potential in Fractalcoin and you devs.  But if you're not coming up with software solutions to make this coin better, then you're not utilizing your talents.  And it is that talent that will make this a $xx,xxx,xxx coin.  Nothing else.

Yes, I am asking a lot from you guys.  But the thing is, if you put a lot into this, this coin can make you millionaires.  There's a reason Evan Duffield of Darkcoin became a full time Darkcoin dev.  He trusted his coding talent enough to know that if he worked hard on innovating his coin, he would be a millionaire.  And that has become a reality.
Question: what are the innovations you are expecting?

I don't know.  What I'm curious about is if the devs have anything in the works or planned, thus the desire for a roadmap.

If they want ideas, I have them.  For example, at this point, developing anonymity from scratch isn't a good idea.  However, one idea would be to look to the darkcoin masternode system.  It is just about ready and the code could be added to Fractalcoin.  Utilize masternodes with Fractalcoin to help secure the network, take Fractalcoin out of circulation, and add some sort of feature that taps into the masternode system that is innovative. 
796  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | X11 | Slingshield | % fees | 0.5% Premine on: June 25, 2014, 08:49:06 PM
Thank you for taking the time to respond Skunky, I appreciate it.

Here's the thing.  As we all know, there are a ton of altcoins out there.  Slingshield is what attracted me to this coin as it shows me the devs are capable of innovation.  And while innovative, it isn't going to cause widespread adoption of this coin.  Neither is advertising/marketing as there are hundreds of other altcoins out there trying to market their ways to the top.

What will drive adoption is innovation.  

As devs, the only thing you should be thinking about is how to make this an innovative coin; a coin that stands out from the rest.  If you do that, the community will build around you and take care of everything else.  If you focus on bounties and advertising and stuff like that, this coin will be left in the dust.

Look at my post history.  I'm not afraid to donate substantial amounts to bounties in support of innovative coins.  Look back far enough and you'll find a post by me where I donated 1000 DRK to someone for their work.

I see potential in Fractalcoin and you devs.  But if you're not coming up with software solutions to make this coin better, then you're not utilizing your talents.  And it is that talent that will make this a $xx,xxx,xxx coin.  Nothing else.

Yes, I am asking a lot from you guys.  But the thing is, if you put a lot into this, this coin can make you millionaires.  There's a reason Evan Duffield of Darkcoin became a full time Darkcoin dev.  He trusted his coding talent enough to know that if he worked hard on innovating his coin, he would be a millionaire.  And that has become a reality.  I'm not asking you to quit your day jobs.  But I am asking you for a solid, innovative roadmap and proof that you're working on it. 
797  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | X11 | Slingshield | % fees | 0.5% Premine on: June 25, 2014, 07:13:00 PM
This is funny to me, I see no clear posts regarding development, just some posts asking for donations, for bounties etc, considering there is already a premine for that. I LOL
Thus my question above.

If active development is going on (with accompanied roadmap) and they need support, I'm happy to support them.

If they think the current coin and "marketing and advertising campaigns" are going to take Fractal to a top 10 coin like they claim it will be, we're all going to be sorely disappointed.
798  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [FRAC] Fractalcoin | X11 | Slingshield | % fees | 0.5% Premine on: June 25, 2014, 06:58:49 PM
Is there any new code being actively developed for Fractalcoin?

Thank you.
799  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]Hotcoin-Energy saving&EP/No IPO/No PoS/Queuing mining/Anti ASIC/Anti Botnet on: June 23, 2014, 05:34:04 AM
This block shows the from and to:

http://explorer.hot-coin.org:889/block/0f7539117370cbe0471668df5f9d7c61ae3f47701ba36619a4d6f6576e1b3e86

Is it only the coins coming from your faucet that are anonymous?

Sorry for all the questions.  I'm just trying to figure out how much to invest in Hotcoin Smiley
800  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]Hotcoin-Energy saving&EP/No IPO/No PoS/Queuing mining/Anti ASIC/Anti Botnet on: June 23, 2014, 05:23:47 AM
Here is how Darkcoin is doing their anonymity: https://www.darkcoin.io/downloads/DarkSendDocumentation.pdf

That made their coin worth 40 million dollars.  Smiley
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