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Even if Visa is able to handle 24k transactions per second, how much are the costs and who pays for them? Now hold that in mind and try to think about it in a decentralized setting. Who then should pay for the costs of a decentralized cryptocoin network if we want fast and almost free transactions?
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Pornhub are giving their verge coins away as a promotion, to people that most likely going to dump. If verge gave millions to pornhub, and they then give away thousands and thousands to dumpers, the price will continue to dump
The most expensive way to buy twitter followers: Ask for $3m donations in your coin Announce that a free porn streaming site site is going to be accepting your coin as result of said donations said website announces it will be donating 300k of your coins price of your coin drops 50% through 3 days while all other cryptos explode Good job Verge. Also, as with the other cryptocoin giveaways of the past, Verge's giveaway will be cheated by professional account farmers making the purpose of the promotion redundant and useless. The good news was nothing more but an event used by day traders to pump and dump XVG. |
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Thank you. This is the kind of threads and discussions that we should be having more. I will be happy to admit my mistakes but I do not appreciate being called a fudster. My posts are how I see it and also trying to find more about it. If you prove me wrong, then good, the discussion is more important to me. But there is no need to attack someone's character in the forum. That is not constructive.
Point taken, sorry about that. Admittedly i am an Ethereum fan-boy myself and can sometimes become over zealous about incorrect information that gets posted about it. There is a moral hazard in unfreezing those funds because it can create an adhoc environment where it can be manipulated by determined parties or by some adversaries.
That being said, I still don't quite see how this can become an environment which can be manipulated. Ethereum development and EIPs are assessed and planned in a case-to-case basis and the beauty of it is that in extreme cases like this, where people's life savings are at stake, the community has a voice and can make a difference. If there was real democracy in the system then maybe, and not certainly, there might be no problem. But there is none. Vitalik is a centralizing figure who can influence and maybe even manipulate the Ethereum community to go in a direction him and his friends want. Remember the DAO? Yes with EIP867, it would be much easier to sway the crowd because bailouts will require no hardforks. |
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I agree with pennys2pounds . I also reckon that Aeon will have to move out of Monero's shadow, and embracing ASICs would just be that opportunity to do it. We cannot be another litecoin of bitcoin that always waits like a parasite scamcoin and copies features developed in Monero.
And what about the decentralisation ? If common people can't mine, only big farm will do, and what about Bitmain ? only one compagny behind more of 51% of the calculation could be an enormous problem on middle/ long terms ... The ASICs are coming and there is nothing the common people can do about it. But smooth and americanpegasus has thought it good to switch to an ASIC resistant mining algorithm, which is a misnomer, and then switch to an ASIC friendly, but easier to commoditize mining chip production algorithm if it does not work. Now I ask, wouldn't it be better if we went straight to the ASIC friendly, but easier to commoditize mining chip production algorithm, than going through hardfork after hardfork? |
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Do you even know a thing about software development or the implications described in that EIP? By nature of your post, you probably know nothing much about it. The EIP does not ask for a rollback or "bailout" of the Ethereum blockchain or its transactions. Let me put it in simpler terms you may understand: The EIP simply wants to re-upload the missing lines of code that will allow users to access their wallet funds. There will no transactions that will be reversed aside from that line of code. Off topic: Seen your other posts and all you seem to do is spread FUD. Negative news sells eh? Your username suits you. Told like a true mindless sell-out news reporter. Thank you. This is the kind of threads and discussions that we should be having more. I will be happy to admit my mistakes but I do not appreciate being called a fudster. My posts are how I see it and also trying to find more about it. If you prove me wrong, then good, the discussion is more important to me. But there is no need to attack someone's character in the forum. That is not constructive. There is a moral hazard in unfreezing those funds because it can create an adhoc environment where it can be manipulated by determined parties or by some adversaries. |
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But bitcoin's transparent blockchain and its traceability are weaknesses that should be fixed or mitigated. Mixers, which are centralized and require trust, will not be enough as more bans will take place, I reckon.
The world's citizens should be free to make an internet transaction anywhere in the world, privately and safely without government interference.
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@Lionidas. If you remember from last season, the red priestess already foresaw Varys' death and I reckon Varys himself already knows it as well from the way he reacted.
That is why I said it is written. It's a Dothraki phrase hehehe.
I predict Varys will force himself to do something against Danaerys to save the kingdom.
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I agree with pennys2pounds . I also reckon that Aeon will have to move out of Monero's shadow, and embracing ASICs would just be that opportunity to do it. We cannot be another litecoin of bitcoin that always waits like a parasite scamcoin and copies features developed in Monero.
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@VoskCoin. If we start seeing it becoming 90% to 10% then we know who the Verge + Pornhub users are hehehe.
The Monero development team did cryptocoin anonymity and privacy right by making it the default. Be careful in using Verge if you really need anonymity.
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announcing an 'announcement' never seems to fail to spark an empty pump. it doesn't matter what the news is it's always going to fall once the news is out. in this particular case it's a reasonable cut above the average junk most coins come out with, but it's still a sell the news event.
Good point. If they simply just didn't "announce the announcement" and suddenly popped up with a pornhub partnership one morning it would have been EPIC. That being said, i believe that the Verge team made a good decision going with pornhub. It's one of the largest websites in the world and has the transaction volume and privacy needs worthy of cryptocurrency. It may take some time before people realize this, but in the end, Verge made a good move with this partnership. What difference would it make if Pornhub started accepting bitcoin and other more popular cryptocoins like litecoin or Ethereum? This is an empty partnership unless Verge is the exclusive and only accepted coin on the site. Which then would make it a bad business decision if Pornhub's competitors started accepting bitcoin and the more popular altcoins. |
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The forum zombies are always saying that the partnership is good but look at the price. But it is not good if you bought at the top the other day and without knowing when it will pump again hehehe.
@VoskCoin, what is the ratio between public and private transactions in Verge?
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Yes hehehe. Lord Vitalik will use flowery words and confusing jargon to manipulate and force everyone to accept that refunding any frozen funds to his friends, at present and in the future, is good for the future of the platform.
Ethereum is turning into a political and administrative horror.
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That's because they don't work on Aeon! Only the FPGAs sold by Baikal and Pinidea. Bitmain, Hualong (Dragon mint) and Innosilicons CANNOT mine cryptonight light! Does anyone have some updates on Aeon's ASIC resisting hardfork?
Also, in what cryptcoins did the Monero ASICs transfer to? We can see that there is no substantial increase in Aeon's hashrate. We are only on 37MH/s, which is still low considering the amount of ASICs in the wild.
Maybe the ASIC miners don't see it lucrative to mine Aeon because of the low volume in Bittrex hehehe. They would lose hehe.
Ok then good, but your information needs to be verified by smooth and the mining pools. I also saw a Reddit thread today where the user called aeonminingpool-com was trying to convince everyone that an ASIC resisting hardfork for Aeon is critical and that we should hardfork before Electroneum does. You can read more about it in this thread and please tell them what you are telling us here. Thank you. https://www.reddit.com/r/Aeon/comments/8cr381/we_must_fork_before_etn_does/?st=jg5t2x80&sh=6923f8cb |
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@MinerHQ. Of course. The classic buy the rumor and sell the news trading strategy that most traders in the cryptospace now do. I reckon after the losses from the latest crash, many people might not be looking for moon or 100x profits for now.
Also, what does the partnership of Verge and Pornhub mean? That Pornhub is not allowed to accept all cryptocoins except Verge?
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But why Verge? Why would Pornhub not accept the most held cryptocoin with the most users in the world, bitcoin? Did the people behind Pornhub and Verge accumulate XVG before the news broke out?
Also, are all of Verge's transactions anonymous by default?
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Does anyone have some updates on Aeon's ASIC resisting hardfork?
Also, in what cryptcoins did the Monero ASICs transfer to? We can see that there is no substantial increase in Aeon's hashrate. We are only on 37MH/s, which is still low considering the amount of ASICs in the wild.
Maybe the ASIC miners don't see it lucrative to mine Aeon because of the low volume in Bittrex hehehe. They would lose hehe.
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Chart update. Aeon is still trading under the longterm trendlines which happens occasionally. But the upsetting part for me is, this time, it is below the lower trendline for a longer period of time than usual. Also, the volume has not changed substantially to be considered that interest is going up for the project. In any case, hold on to what you have but I would not be adding more for now. I have lowered my bids to under 15k satoshis hehehe.  |
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Hi,
I see a lot of great projects..
But also a lot of project which I don’t like.
Here is why
Not every project needs blockchain. Or not every blockchain project will survive.
In a project you need also a good businessplan and marketing.
Example
I saw Friendz which is a social media project. Nice plan but don’t think it will replace Facebook because
it is in blockchain. You need a lot more.. A LOT MORE to best orher companies with a centralized system.
Be carefull and good luck with your investment
We already know that apart from the newbies. But do you know any project that has a chance to be successful? I reckon you don't, the same as me. In any case, I would like to see the list of the projects that you think will be successful just to see if you heed your own advice. Thank you. |
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