Ha, he's really gonna slow the growth down with this. We were gonna see 5 for certain. Time to make some phone calls and get people to buy them all up ASAP. |
|
|
|
About monopoly concerns at least they are right.
Many would feel uncomfortable with AM being "KING", just retaining leadership would be enough. Strong competition is necessary, so I hope competitors deliver mass-production of second-generation chips late this year (by second-generation I mean 65nm and less, excluding BFL).
I would even prefer AM losing leadership, over their total domination of Bitcoin ASIC market. Monopoly would make Bitcoin itself endangered.
By saying he is king, I just meant he will retain leadership and we can be confident in that as we see this unfold in the next ~6 months. Confident enough to value a share at 10+ BTC. However, even if there is a monopoly (as in, AM is the miner at 50% network share and everyone else is an AM consumer), it won't stop the majority from riding that boat, heh. How would Asicminer monopoly endanger Bitcoin network when they sell Miners and they distribute the rewards to shareholders? They don't have 50% of the network and probably never will but they should maximize profit for shareholders while selling the most decentralized mining equipment designs possible. |
|
|
|
I expect to see a HUGE price spike the next time friedcat posts... I actually have btc sitting and waiting to buy in the second he posts, and then I will sell on the spike!
Why even sell on the spike? It's not trollboxland where every pump is followed by a dump. This is Friedcatland, all spikes so far have just stabilized out until the next spike! Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow  To increase popularity of Bitcoin and Asicminer, you should speak to the media. Would you be willing to bring exposure to Asicminer by detailing in an interview how you paid for your student loans with this fantastic Bitcoin exclusive investment opportunity? If you don't want to do an interview at least consider writing a book and selling it. It will increase your cashflow and benefit your share value. You're like the Warren Buffet of Virtual Stocks. |
|
|
|
I am happy to announce that the primecoin project is now close to beta quality and will be released to public soon. Please keep in mind this is experimental technology and we reserve the rights to rollback or restart the blockchain should severe bug/vulnerability require such actions. However we would try our best to avoid such scenarios and further develop it into reliable public infrastructure. Introducing primecoin- First non-hashcash proof-of-work in cryptocurrency, pure prime number based proof-of-work
- Cpu mining at launch, gpu mining to be developed by market participants
- Pure proof-of-work, no proof-of-stake (unlike ppcoin), not energy efficient, but with additional potential scientific value derived from proof-of-work energy consumption (energy multiuse)
- Scarcity enforced by Moore's Law similar to ppcoin, mint rate gradually drops as difficulty rises, without sudden halving shock
- Security model similar to bitcoin
- Continuous difficulty adjustment like ppcoin
- Reasonably high starting difficulty to limit instamining
- 1 minute target block spacing
- Zero premine, zero tax
ppcoin + primecoin- Sharing the same goal of real innovations, moving cryptocurrency technology forward and demonstrating our technical capabilities
- Sharing the same value, open source, no premine, no tax, advancing cryptocurrency technology for humanity
- Cpu mining initially for primecoin to cater to a larger mining community, now covering all mining hardwares with both ppcoin (gpu+fpga+asic) and primecoin (cpu)
- New innovations in primecoin catering to a wider audience including the mathematical and other scientific computing community, and users who prefer pure proof-of-work cryptocurrencies.
- Sharing development resources and infrastructures
- Different innovative cryptocurrency designs provide cryptocurrency investors with diversified advanced technology portfolio
- Strategic positioning for the next 5 years in cryptocurrency market
ppcoin vs primecoin- ppcoin is our first innovative cryptocurrency design to focus on energy efficiency. Almost a year after its release ppcoin's design remains the only proof-of-stake design on the market, with seven forks/clones (NVC, BTB, YAC, BTG, BOT, CGB, YAB). primecoin is our second innovative design to focus on alternative proof-of-work system producing additional scientific values. The two networks would work in synergy to achieve our long-term cryptocurrency strategy.
- Cryptocurrency market has now split into two sectors, energy intensive sector and energy efficient sector. In the longer term (5+ years) I believe the energy efficient sector would begin to challenge the energy intensive sector due to its cost advantage. In the shorter term though energy intensive market would likely remain dominant and we would like to have an innovative and competitive offering in this sector as well. The innovations in primecoin give us this opportunity, and would complement ppcoin to strengthen our strategic position in the market.
- The energy intensive sector currently has two major types of proof-of-work, both of the hashcash type, one is SHA-256, the other is scrypt. There have been some new variations of the hash functions recently, with modified scrypt and SHA-3 series hash functions as well, or even compositions of different hash functions. Though existing cryptocurrencies are all still based on hashcash proof-of-work. primecoin introduces the first non-hashcash proof-of-work in cryptocurrency, the first type of proof-of-work that not only secures the block chain, but also provides additional potential scientific value, paving the way for future proof-of-work types with more diverse scientific interests and uses.
- Both ppcoin and primecoin demonstrate our design prowess and capability in real innovations. We are fully dedicated to provide long term support and further development to both cryptocurrencies.
- For existing ppcoin users our dedication to the continued development of ppcoin and its market has not changed. ppcoin's advanced proof-of-stake technology has long-term advantage over pure proof-of-work designs, and is an innovative environmental-friendly solution to the escalating energy consumption on cryptocurrency. In my opinion the energy intensive sector will fragment into many different types of proof-of-work, a single type of proof-of-work is unlikely to maintain dominance. More fragmentation is likely even within a single type of proof-of-work. Meanwhile the energy efficient sector would rise to challege the energy intensive sector, and ppcoin is among the leading contenders in the energy efficient sector. So in terms of our long term strategy ppcoin is of more importance than primecoin.
Release SchedulePrimecoin release is tentatively scheduled for 2013 July 7th 18:00 UTC1. How will you prevent people from insta-mining this coin with Amazon EC2? 2. Why would someone stop mining PPcoin to mine Primecoin if they only have a single CPU and it's guaranteed to be insta-mined by people with Amazon EC2 or people with hundreds of CPUs in the form of server racks? 3. Can you confirm that you are not Satoshi Nakamoto? I think to launch this coin there needs to be a mining pool or hashing service that people can buy into (Other than Amazon EC2) otherwise wouldn't the difficulty skyrocket within a few days and people left with just an ordinary or even a multi core CPU be left in the dust? I think the prime idea is so obvious that I wonder why no one thought of it sooner. I guess I will have to wait for the whitepaper. |
|
|
|
On the subject of a question/answer site: What incentive would I have to use it over well-established services, such as StackOverflow (and related stackexchange sites) or even Yahoo Answers...all of which don't cost me my DVC?
Because if your answer isn't on StackOverflow or Yahoo Answers or if the only person who can answer it is on AskDevs then you'll have to go to AskDevs. Some people in this community are the only people who can answer certain questions, in other cases the answer will be so difficult that no one is going to want to spend a hours,days, or months answering it for free on Yahoo Answers or StackOverflow. Like if I ask the question, what is the best way to increase the market cap for PPCoin?It's a specific question so it wont be on Yahoo Answers. It wont be on StackOverflow either. The more specific it is the less likely you'll find it there. Like if I ask: what is a viable solution for Blockchain bloat? Even less likely we will see that on StackOverflow or Yahoo answers. Now lets say I ask a hyper specific question like: How can we maximize the security of Netcoin network while maintaining a decentralized power structure?Most people don't know what Netcoin is on those other sites because it's not even released yet. Most don't know much about hashing algorithms and even if they did, if we don't pay them they aren't going to invent a new hashing algorithm or a new algorithm to solve a particular problem so what I was aiming for with AskDevs was not just a site to tell stories or to ask random questions but a site to allow developers in the cryptocurrency community to in a structured fashion ask questions to the whole cryptocurrency community. To leverage the brainpower of the whole cryptocurrency community which I believe is immense and underutilized. Zerocoin was invented to make Bitcoin more anonymous, but the question "How can we allow anonymous online transactions" could have been floating around in the community for months. Just like the question of how to build a distributed exchange floated around for months until it was resolved. Now the questions about market cap and how to increase market cap are still floating around and because they aren't all in one place we wont even be able to find the common community asked questions, and because all the solutions aren't in one place the next coin developer (such as Tacotime who is developing Netcoin) will not easily be able to look at all the solutions or algorithms which exist to make better coins. This is the reason why we end up with so many cloned coins which are technologically worthless. AskDevs would act as a type of scientific journal where individuals can ask a question of unlimited complexity if the bounty is high enough to solve it. It has to be AskDevs because Stack Exchange and Yahoo Answers don't support Bitcoin and don't pay for solutions which means you're not going to get PhD level solutions from it even if some people have PhD level knowledge. For reference: http://bitcoin.stackexchange.com/questionssee the strengths and limitations of StackExchange. |
|
|
|
..
If bounties are given, I have the domain name for AskDevs and came up with the idea. Do I get a portion of the bounty? How will the bounty be distributed?
If the idea succeeds, you and Wiser will get four shares. I will consider the idea a success if at least one big article is written because of it. If the idea succeeds big and it's worth making a web site, then you'll be paid for the domain plus some more for your idea. So we going to use this thread as an experiment? If that is the case this will get interesting.
I'm going to see what people say on this thread over the next few days, then I'll make a new moderated thread and announce it on the main thread. Thanks, I appreciate the support. It encourages me to develop more ideas and spend more time on the ideas I have. Let's see how successful this idea can become. |
|
|
|
Here's a variation to consider--might be an easier way to start. Have a form on the Devtome or related to the Devtome where people can submit what it is they most want to read. It could be a type of fiction story, an answer to a burning question, or anything, really, as long as the request is specific. For example, instead of saying: "I like to read fiction," they should say "I'd like to read a thriller in which a hostile government attempts to destroy a promising cryptocoin by adding a malicious bug to automatic software updates which systematically deletes people's wallets and a band of scrappy computer hacks saves the day." BTW, my "example" is referencing this thread ( https://bitcointalk.org/index.php?topic=237284.0) in case anyone is curious as to how I came up with it  Submissions could be posted (following some screening process) and Devtome writers could choose to take on those subjects. Rather than having the one who submitted the request put up a bounty, just have those stories count double or something. So if I wrote a 30,000 word short novel covering the above topic, then rather than earning 30 shares I'd earn 60, just because I wrote something that someone else said they wanted to read. Any multiplier could work; I just use 2 as an example. I'd still earn 1 share for every thousand words I wrote that was just my own choice of content. .. I like this idea, because writers already get paid for stories, so another payment system doesn't have to be made. I'm not a computer person, so I'm not sure how feasible the above idea is, nor how easy it would be to exploit.
Programs take a long time to make, longer than you expect even if you expect the unexpected. Automatic earnings are easy to exploit, at some point you need people to decide on payments. I'd like to start with a moderated thread where readers could post their questions or story requests, along with how much they'll pay. Writers who want to make extra money could look over the thread and see if there's something worthwhile. Readers should post a first and second prize, so that a writer knows that they'll almost certainly get something, besides the devtome earnings. If there is a lot of interest, we could make a bounty for a story site or question and answer site. I'm going to make a test post below, and people are welcome to comment on it. If bounties are given, I have the domain name for AskDevs and came up with the idea. Do I get a portion of the bounty? How will the bounty be distributed? So we going to use this thread as an experiment? If that is the case this will get interesting. |
|
|
|
I am really interest to see use cases where these micropayments work in the other direction... Considering that micro-payments start with a contract between two parties (a service and a client), a service providing distributed computation could in effect pay a commission to clients that contribute processing power.
In this way the computation doesn't need to be aligned to a particular hashing algorithm or specific hardware. The computation likely isn't time sensitive so anyone could participate, and their effort wouldn't be wasted. Pricing could vary, but could be as simple as 1 satoshi per Hz per second...
It doesn't even need new infrastructure to implement. WorldCommunityGrid.org could release an updated client that sets up a Bitcoin address for payment, provides you with the private key, and on their server they run BitcoinJ to facilitate the micropayments.
This is a brilliant idea. WRITE A WHITE PAPER. |
|
|
|
It's not bitcoin's obligation to help alt-coins to keep pace. If you are into litecoin, proof they are worth something and that they are not just some scam of some greedy people envy of the early adopters that took all the risk to push bitcoin to what it is now. If something proofs to be essential for a modern crypto currency, bitcoin will adopt it from the alt-coin or die. Not the other way round.
Edit: ooops. bad quote.
We disagree. I don't see Bitcoin as a product, I see it as an algorithm and a community. The meta community is based around the shared interest in the success of cryptocurrencies, but Bitcoin is just one brand and product. The sourcecode is more important than the brand, and if you really believe in the goal of what Bitcoin sourcecode is trying to do then you'll support other algorithms which are trying to achieve the same goal. This is the difference between how a theorist thinks and a businessman. You're thinking of Bitcoin strictly as a business while I'm thinking of it as elegant code. If Bitcoin competes with Litecoin and PPcoin for "marketshare" or = whatever to the point that the marketcap for all cryptocurrencies can't grow then in my opinion that kind of competition is bad. Should we think of the search engine as math or as Google? I think of search as math, as code, as an algorithm to organize information which Google happened to monetize and capitalize but I don't think it's good for the community or economy or the mathematics for there to only be one algorithm, one supported design, one business model, with no variety or competition. Imagine if the US government had only one political party, what do you think could happen? |
|
|
|
OK, so where can we go from here? If anyone has some serious time they can dedicate to one of these projects, let me know. The coolest next step would be a binding to the web, so any website can take advantage of micropayments triggered by JavaScript. This is a project of medium complexity, it's essentially a plumbing and UI job. It's doable in spare time but it'd have to be your main project to design, build, document and support it. I can lay out how it's done if you are serious about implementing it. As a more experimental, easier step, you could implement a music or video streaming service as a standalone desktop Java app. I know you think they're ugly, but if you grab the JavaFX demos you'll see you can create some truly beautiful UIs using the new toolkit. It's come a long way since the Swing days. http://www.oracle.com/technetwork/java/javafx/samples/index.htmlJavaFX has widgets for playing video and audio streams out of the box, as well as an embedded WebKit, and you can then bundle up the resulting program into standalone packages for each OS (Mac users get a draggable app folder, etc). The UIs are themed using CSS and you can also use JavaScript, so it's not totally alien to web developers. All the kinds of animations you'd expect from a Mac or iPhone UI are present and easily usable, and there's a slick UI builder app too. So it's pretty nice. I wish I had more time to play with it. Anyway, the point is that it's very easy to build a basic wallet app with bitcoinj, just instantiate WalletAppKit and off you go, so then the model is you'd send some Bitcoins to your movie player app or whatever and tell it which movie to play. Then you can pay-per-second, for instance. As an experiment I think you could get this working over a weekend. Not including the time taken to find some videos of course  I completely agree with this. I just suggest that the code be open enough to have a plugin or extension mechanism so altcoins can be plugged into it as well. I like Bitcoin but this is too important to be Bitcoin exclusive. Anything which benefits the cryptocurrency economy as a whole is better than just benefiting Bitcoin. |
|
|
|
If anyone intends to build a music streaming service contact me. I had a dream of creating another internet music stream, but unfortunately I currently have no time to work on it. And of course basically any service that is billed per minute via phone today, x-rated or otherwise, would be an ideal fit. Technical support, legal advice, astrological readings, etc. It enables all those industries to ditch the phone carriers as the billing mechanism and move to Internet-only delivery and payment. I'd be curious to know what percentages the phone companies skim off the top on their per-minute numbers, if it's a large amount, then this technology becomes a compelling alternative and some bright enterpreneur could probably get funded and build a business disrupting that market. Payment gateways should implement micropayment channels. Are there any open source Bitcoin payment gateways? Now, can this be adapted to support altcoins like Litecoin and PPcoin? Then we are really onto something. |
|
|
|
Geez. This is exciting! Excellent work.
So who wants to create a pay as much as you use music streaming service? Micropayments for each second of listening. Goes straight to artist.
What about pay per view Tube sites? What about the ability to charge for the amount of time spent on the site? This could end the ad based model. If anyone intends to build a music streaming service contact me. |
|
|
|
Tacotime you might want to take a look at this Matt Corallo and I have added support for micropayment channels to bitcoinj. Micropayment channels allow you to send, after an initial setup process, very tiny payments to a chosen third party in a trust-free manner without broadcasting all the payments onto the block chain. This lets you avoid the fees and anti-flooding protections that would otherwise cause problems. The cost is a single ECDSA signature on the client side, and a single verify on the server side.
Now for some personal commentary. I'm excited by this work for a couple of reasons.
One is that I strongly believe that Bitcoin's short to medium term future lies in finding an advanced "killer app" rather than trying to compete head on with VISA or MasterCard. Whilst Bitcoin has many advantages over credit card payments, for most people the barriers to entry are high enough to keep them on their existing payment solutions. If we create a new market or application that is highly compelling and requires Bitcoin, then we give people a stronger incentive to acquire some. And once they've made the decision to get some coins for that killer app, why not get a little bit more than needed and also use it to buy other things later? To make a killer app we need things Bitcoin can do that other systems can't. Micropayments is an obvious example.
The second reason this work is important is that our community hasn't been making good use of the contracts features Satoshi left for us. Despite that many designs were documented years ago (by me on the Contracts page), there haven't really been any apps that use them. "Where are the contract apps?" is a question that came up a lot when I was in California for the conference. The cause seems to be that it's hard to understand how to turn the high level descriptions on the wiki into working code. The micropayment channels code in bitcoinj now gives us a worked example from beginning to end - you can read the theory, read the protocol description and then see it how to translate it into a real, working system that manages all the fiddly details.
https://bitcointalk.org/index.php?topic=244656.0https://code.google.com/p/bitcoinj/source/detail?r=4908c241f7161bc5facfb85b466feba2929f2567I think they are onto something. They figured out how to get micropayments working.
|
|
|
|
Don't know about others but at least I never laughed at your ideas. Though the problem is not the idea is ahead of its time, problem is nobody is willing to step up to take the risk and make it happen.
This is the first tough lesson I learned in entrepreneurial projects. Idea is only the first small step, execution is 99%. If I didn't learn this lesson well, ppcoin wouldn't happen either.
My first advice to netcoin is, limit the scope to the point that you can execute within one year.
Sunny I think the problem is we don't have enough competent programmers who aren't already working on other projects. I'm an idea guy but I'm only an average programmer, on top of that I'm still a bit busy with other things to invest enough time into some of my ideas. If I get the chance to, I intend to launch the AskPeers site, and the Tube site idea as well but in my case if I have to do it then we might not see it for 6 months which is why I'd rather someone else with less on their plate take up the cause. I have registered the domain name, outlined the idea, I could even make a step by step guide of what needs to be done, but I cannot do it all. Maybe if I make enough money to pay my bills I'll be able to focus exclusively on this but I don't know how people manage to create enough time unless they do this full time. Tacotime is having the same problem himself with this project so I think he knows what it's like to want to do something but to be so busy with other more immediate concerns to not be able to do it and he's the kind of person who likes to do stuff right. You made an excellent point and gave advice that I'll listen to. If the project cannot be launched within a year then it might be better to do something else and the amount of time it takes to launch does matter to maintain this momentum. I actually think the window of opportunity is in the 6 month range for Netcoin, so perhaps if we can figure out how to make a list of people in the community who are willing to help out and give them points for doing it that would be a start. Perhaps a mailing list for programmers, a mailing list for web developers, a mailing list for marketers, and discuss the ideas on these lists and then when an action has to be taken then put it on the main wiki as a to-do list. I'm not familiar with Git just yet unfortunately. |
|
|
|
http://bitcoinmagazine.com/coinsetter-will-a-better-virtual-currency-make-bitcoin-obsolete/Building my first startup in the highly competitive online ticketing industry taught me a lot about who wins and loses in a changing environment. Many people in the tech world suggest that all you need to do in order to attract customers is to build a great product and users will naturally come. While building a great product is vital, it’s not the whole story. All around us, we see large, imperfect companies dominating their market while new entrants with theoretically better products never quite gain traction. Many entrepreneurs rely upon this “create a better product” strategy and never understand why users aren’t willing to leave their old product for the shiny new thing. With many people questioning if Bitcoin is the best implementation of virtual currency, I can already see parallels in comparing Bitcoin with other options. The answer to whether Bitcoin is the long term winner in this race is actually quite clear.
First, most people would admit that Bitcoin is not perfect. The 10 minute confirmation time is not optimal for quick transactions. The 51% attack is still a looming risk. Then there’s the huge amount of energy “wasted” in the mining process – not great from an environmental standpoint. I’m not the first person to point these issues out, and in response, many people have already released other virtual currencies that aim to improve upon the movement that Bitcoin has started. Litecoin, Ripple, PPCoin, Feathercoin, BBQcoin and others all claim to be a better virtual currency, and their proponents are just waiting for bitcoiners to flock over. BBQcoin is obviously the most delicious of the virtual currencies and way more delicious than Bitcoin, but what would need to happen for it to truly rival Bitcoin?
I think it helps to take a step back and ask why a lot of Bitcoin’s imperfections exist in the first place. These imperfections were not oversights by its core developers; they were expected byproducts of thoughtful decisions that they made. For instance, the 51% attack is only possible because of the extremely distributed nature of the mining structure that makes Bitcoin unstoppable by groups that would limit it. A system like Ripple reduces this particular risk and uses far less energy in the process, but by using trusted gateways as the basis for making confirmations, it is prone to government manipulation. Though I believe Ripple as a technology is needed and will be successful, I see its form inevitably becoming influenced by the government. Bitcoin companies will have to play ball with regulation, but the currency itself will hold its ability to force desired change in world.
Beyond imperfections, Bitcoin has an attribute that will solidify its place as the only viable virtual currency: Bitcoin’s use as an IP address for money. While closed payment networks will initially be apprehensive to accept Bitcoin transfers, they will find that they must accept out-of-network Bitcoin transfers or become obsolete. Within the next five years, almost all closed payment networks will have an input for your Bitcoin address, turning them into open payment networks that can accept money from anyone. However, you won’t find two inputs on these apps for your Bitcoin and Litecoin address. Bitcoin is the only virtual currency that has sufficient adoption to become the standard. If you want to know how this story unfolds, I encourage you to read the history of the Internet and TCP/IP.
Further solidifying Bitcoin as the only viable virtual currency, wider adoption will lead to increased switching costs. Once a company, product or in this case, a currency takes dominance in an industry, people don’t tend to leave it for something with low value improvements. This happens, firstly, because people find comfort in familiar things and don’t become compelled to try something new unless the benefit is overwhelmingly obvious. Bitcoin already has far wider adoption than any of its alternatives and has substantially more infrastructure being built around it. Second is track record. For as bad as a product is perceived to be, proven “good enough” reliability goes a long way against unproven alternatives. Bitcoin’s four years of success in the face of hackers and growing transaction volumes builds confidence. Finally, Bitcoin has very social roots. Given the value now associated with the word “Bitcoin,” it is very unlikely that another virtual currency will match its caché in the next five years.
So will a better virtual currency make Bitcoin obsolete? The answer is very clear to me. Bitcoin isn’t perfect, but it doesn’t have to be in order to fend off competitors and remain the world’s dominant virtual currency. An understanding of this notion presents an opportunity for people that understand it today. Until traders widely realize that Bitcoin is here for good, there will be a lot of untapped value in Bitcoin’s market price. The currency’s longevity will become obvious over time and be reflected in prices down the road, so eat your BBQcoins, sell your PPcoins, and go buy some Bitcoins before they’re back at $200!
About the Author
Jaron Lukasiewicz is the CEO and Founder of Coinsetter, a New York City-based company that offers a high performance levered trading platform for Bitcoin. Prior to Coinsetter, Jaron was the Co-Founder of Ticketometer, a social media-focused online ticketing platform. Previously, Jaron was an Associate at The CapStreet Group, a Houston-based private equity firm; an investment banker at J.P. Morgan and Madison Williams in their global investment banking groups; and began his career as a summer analyst at SPB Partners, a Las Vegas-based private equity firm.
Jaron graduated from Rice University on the President’s Honor Roll with a Bachelor of Arts in Economics and is fluent in Spanish and Portuguese. He is a frequent speaker at events on the topic of Bitcoin and financial technology and has been featured in The Wall Street Journal, Bloomberg, Fox Business News, TechCrunch, Mashable, Entrepreneur, Forex Magnates and other news media. One of the most biased articles I've ever read. Bitcoin isn't anything like TCP. It's more like the search engine. TCP/IP became standard because there was no other way to build an Internet at the time. Bitcoin already has competitors prior to it even reaching 1.0. Bitcoin is more like Napster or Yahoo, where when Yahoo first came along there was excite! but the Internet was very small and there was no Google. Google came along and all that first move advantage stuff didn't help Yahoo or excite!. Napster had first mover advantage but was attacked by opposition because it was first, and this could very easily and probably is happening to Bitcoin. All the press goes directly to Bitcoin. Litecoin only receives the good press. This will change over time but this is how it currently is. At the same time we have to consider this an opportunity, if there isn't a lot of infrastructure for Litecoin or Netcoin then nothing stops us from building it. Nothing stops sites from accepting an array of alt currencies and when enough people like an alt currency people will switch their sites to support it in addition to Bitcoin. To say Bitcoin will be the only virtual currency is like saying MasterCard will be the only credit card to ever be accepted on the Internet. That turned out not to be true, not only that but the Internet used to have us dial 1900 numbers to pay membership fees, then we have to give out credit card numbers, but Paypal ultimately made things convenient. So in my opinion the best sort of software to develop for Netcoin would be software to make using Netcoin convenient. Ubiquitous chrome and firefox extensions, APIs, and of course petition for integration into Payswarm. When I can easily plug Netcoin functionalities into my source code then it will be used by me. This means Netcoin will need exquisite developer support cross platform APIs, interface with scripting languages like Python and languages like Visual Basic, so that people don't need to deal with C++ to use the functionality of Netcoin, and interface it with Javascript. I think if it becomes easy to set up a site and start a Netcoin operated business then the market cap will grow. So what kind of software would need to be developed so you, me or anyone can say "I want to start a Netcoin business", and have the templates all set up? This way any one of us could start a business the same day and have the site up the same day taking in coins. My idea was to go with the Tubes. I suggested it for PPcoin and said let's make PPTube but the idea got laughed out as being too ahead of it's time. But I think those are the kinds of ideas which will build market cap so I suggest NetTube and to make it simple to make Tubes which run on Netcoin it would be best to create an open source Tube site template so anyone can pay a service provider to set up the Tube site for them for a fee under any domain name they want and people can simply upload their videos while other people pay per view those videos. I don't see why we cannot make a market place around templates and web services, services for startups to streamline the process and charge Netcoin's exclusively for these services. |
|
|
|
interesting i hate to ask but do you have personal proof of this as it is disturbing to say the least..
thanks for the heads up
noel
Fin Shaggy plans on publishing a Devtome book. Maybe he's willing to share some of his profits? |
|
|
|
Just a friendly reminder to all writers contributing to the Devcoin wiki devtome.com: Your content WILL be used in ways you do not like, in ways you do not approve, and in ways you never thought of. All content on the devtome wiki is released under the CC Attribution-Share Alike 3.0 Unported license. You are free:
to Share — to copy, distribute and transmit the work
to Remix — to adapt the work
to make commercial use of the work
That last line is important. Commercial interests are going to take your writing and make money off it. They will do it 100% within the license restrictions, and not a drop will go to the devcoin foundation, and there is NOTHING you can do about it. Maybe they should offer different licenses but as far as I know, you can make commercial use of your work as well. |
|
|
|
As far as competition goes, I think competition for the best solution produces the best solutions. So that would be a good thing for somethings. There could be other sites which aren't as competition focused but my site uses the survival of the fittest algorithm to make the best solutions rise to the top.
I agree that often competition does produce the best solutions. I just know that I am not going to enjoy spending time composing an answer only to come in second place and get nothing for my efforts. So I probably won't be participating if that's the case with your site. But I definitely hope it's successful for you 1st to 5th place. |
|
|
|
http://www.osqa.net/This is currently one of the more popular Q and A open sourced platforms out there. The source code for Rugatu https://bitbucket.org/paraipan/rugatu/srcAnyway, I snatched up the domain names. So now how to implement? I have not figured out how best to manage the payment system in Devcoins. |
|
|
|
|
Show Posts
