there is one failure in ur concept
u dont need NEM to promote NEM
u need $
really? need people not $$$$ if crypto needs $$$ thats a fail right there |
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love them or hate them the 2013 and prior coins that still have active communities should be on the list of current real cryptocurrencies.
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sorry i'm missing how DPoS is a viable option (apart from being a passing buzz word)  You didn't read anything in the thread and decided to troll us with Litecoin...which is functionally identical to Bitcoin... In other news, coindesk just made a good article saying what I said a month ago: http://www.coindesk.com/why-bitcoin-creates-a-voluntary-tax-system/If the anonymous function was relatively bulletproof, and reached large circulation and market cap, there would be a high probability of it abolishing the state, or the state as we know it at least. i've certainly read this thread, how about less arrogance more input, i mean you spin the same shit ad nauseam, but you're not really saying anything. stop baffling on about me being troll here with litecoin, hell i attack and troll litecoin more then most coins, there's no sentimental attachment to litecoin or any coin here. i've said many a times the only thing good to come out of crypto so far is the idea. yes its self evident that litecoin todate is the best we've got, and if you asked my why, and to my reply you wouldn't listen just troll me saying i'm a litecoin troll. |
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Also whats wrong with bitcoin, that someone will change to another coin?
where to begin hmmm, an anon dev that holds a billion dollar bag  lets not even start on the XT v core battle, u ever actually use btc v other alts? First its 1mill bitcoin, not even close to a bill , XT vs core battle is already cooling down as you speak(write), and yes I do use other alts, but not as frequently as btc . Oh and lastly, whats wrong with satoshi keeping them, he mined them when he invented it, or are you saying Edison shouldn't have made the profits when he invented(marketed) the light bulb. i didn't say 1 bill bitcoin, whats wrong lol yes for showing us an alternative to the greedy bankers controlled fiat, who take billion dollar cuts, lets give him ummm a billion dollar cut  whats wrong with it, well it kinda defeats half the purspose. thats without even going into that big bag hanging over the whole system. might work in this hero worship crowd, but anyone with half a brain in the world outside this forum wouldn't touch a currency by an anon dev who holds this rather large cut....its almost a no brainer. |
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Also whats wrong with bitcoin, that someone will change to another coin?
where to begin hmmm, an anon dev that holds a billion dollar bag lets not even start on the XT v core battle, u ever actually use btc v other alts? |
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"shitest coin in the world", lets be honest you've set yourself a ridiculously hard target...have you looked around here lately.
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btw is it possible for the OP post here to be updated?
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Recently though as sad as it is, new altcoins seem to be pushed out and then die a quick death.
saturated market, and the instant profit scamcoin; well you can only play that game out so many times then the laws of diminishing returns kick in  |
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So what has exactly happened to the Bitshares
The post isn't about Bitshares, it's about currently existing consensus mechanisms and their long term viability. Neither PoW or PoS have a viable end game, so you can either walk away from crypto completely, or: A) Go with the only existing option which actually does have a viable end game, even when scaled to global reserve currency - DPoS sorry i'm missing how DPoS is a viable option (apart from being a passing buzz word) i think the flaw is endemic to any ledger type option and thus that is what should be changed (which would solve a hell of alot of other issues too like, privacy, centralisation etc). |
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for some its not about profits Its nonsense. All is for profit.  unfortunately thats the way too many think around here. chasin the fiat kinda defeats the whole point of alt to fiat p2p currencies. |
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for some its not about profits |
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The current coin prices are very low compared to the prices in a longer timescale. Which one would you invest in and why?
outside of the established coins, they all could be considered overpriced, all low liquidity and markets oversaturated. |
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well i'm waiting for the newer 5 easy step version, 6 steps thats just too much work  |
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Bitcoin only. It has real usage in economy. It has the biggest adoption in whole crypto-coin world.
I'd say all altcoins are for pump & dump, no real life usage.
yes bitcoins not a pump n dump |
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Don't worry about a law, just make sure you hold the 'real' thing.
people holding real gold should be worried though (well pissed off) as they are getting ripped off as 'paper gold' is diluting the real gold market. |
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mine
shhhh don't give people ideas there'll be 500 mine coins by morning |
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Is Krugman doing to Bitcoin what he did to oil?Paul Krugman, the Nobel Prize winning American Economist was in the limelight once again for his comments regarding Bitcoin. This time he was on a panel at the 92Y’s 7 Days of Genius event. The panel was inappropriately called ‘The Genius of Economics’. Mr. Krugman has hated bitcoin since it’s birth. He has gone on record many times berating the currency and taking a knock at its supporters. https://ihb.io/2015-09-08/news/is-krugman-doing-to-bitcoin-what-he-did-to-oil-23379Genius forecaster  i'd consider a panel including a Nobel Prize winning Economist as appropriately named 'The Genius of Economics'. funny thing is most 'genius' on this forum have done little in the real world, and add to that i've not seen even a core dev past or present have any real understanding of economics. almost no one here understands how bitcoin gets its price, and most claim btc victory based on its price vs USD |
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if you setup a truly decentralised p2p currency its possible
Full decentralisation of control imposes a harsh and demanding regime on the participants. To be fair to ourselves, this group configuration of untrusted peers and pseudonymous entities is a brand new ball game and punts us far beyond the scope of even the more radical modernistic organisational models in trying to build a set of solid working practices adequate for such a challenge. if you're thinking in terms of p2p ledgers, yes, but nothing crypto wise you've seen todate has been decentralised, that's just a buzz word here. a truly properly setup dencentralised p2p currency would be indifferent to 'untrusted peers and pseudonymous entities'. |
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on the topic of the state of cryptos, i'm in the process of going around the many exchanges consolidating where i've odds and ends of coins, converting them into the few coins i like.
what i notice, damn there's such a stack of pointless coins, so much dilution, you see it on coinmarketcap etc but you don't really notice until you go from exchange to exchange trading, how utterly pointless and counterproductive most of it is.
i know many go free market, competition is good, let the market decide etc etc etc. but no, such dilution is not helpful. you have ton of good honest hard working positive people, but spread thin through so many communities.
i'm not saying there can't be multiple coins, but the scene would be so much better off, and healthier liquidity, if the pack was thinned alot.
The real problem IMHO is people keep jumping into every new coin as if they're somehow special. There's a vast underestimation of how much effort is poured into Bitcoin Core, and seemingly the belief that it was easy for Bitcoin to get this far and/or its devs are lazy and not pushing the coin forward. The result is you get badly considered one-trick-pony coins that launch and hit the difficulty curve like it's a mountain, but that's going to happen anyway, the problem is people keep buying them too. Meanwhile, even Bitcoin has huge potential room for improvement, that gets ignored. Lets deploy payment protocol on more systems, formalise payment protocol over NFC, improve bitcoinj or any of the other libraries to let developers get involved, integrate hardware wallets with open source shopping sites, etc. etc. etc. however the problem is many of us who've been around awhile have watched bitcoin grow, yet head down the regulated, centralised, corporate path......defeating much of the whole point of a p2p currency. i know people will reply thats likely inevitable with any successful currency, however i think if you setup a truly decentralised p2p currency its possible to avoid. |
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