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1  Other / Off-topic / Re: What do you do when you're stress? on: December 01, 2018, 01:56:20 PM
Do some yoga and mindfullness that is very helpful, also some meditation. 10-15 minutes should be enough a day to have some resaults! But honestly get yourself a boxing bag and just destress Smiley
2  Other / Off-topic / Re: How can I quit smoking? on: November 30, 2018, 11:13:30 AM
If it is not easy at once, give yourself a goal of some sort to stop smoking. It takes longer but it works, for example tell all your friends and family that you will quit smoking after you finish college or some hard project than you cant go back on your word. Now only question is how much your word is worth  Smiley
3  Economy / Economics / Re: What do you believe is needed for crypto currencies to be mass adopted? on: March 15, 2018, 11:18:00 AM
One of the things: If loyalty programs of large companies (like Starbucks) will go through blockchain tech and become tradable, this would mean instant mass adoption.
4  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Next 100x? on: March 14, 2018, 09:03:48 AM
I truly believe Sonm could go x100, and have a total marketcap of 10 billion with each coin valued at 20$. They're developing a fog network that's gonna disrupt:
* data rendering (video, gaming)
* data sharing and distribution
* cloud mining
* cloud computing
* IoT

They're building local cloud structures, which is estimated to become a 400 billion dollar market by 2020. Imagine if sonm takes up 1% of that market, it would still be close to 10$ a coin. Personally, I think Sonm will get closer to 5% of that market, given their close relationship to other fog based companies, multiple partnerships with great companies like AION, Selectel, and they're gaining a lot of interest from giants like HP, Intel (they're even part of cloud28+). 2.5% of that market would be 10 billion, which would be about 20$ a coin (x100)

Wow thanks for the info!
Yeah they had some nice news recently
https://blog.sonm.io/monthly-report-february-2018-67ced608c6fe
https://twitter.com/sonmdevelopment/status/973565930881146880
5  Bitcoin / Project Development / Re: Proof of Useful Work - a discussion about an idea on: March 11, 2018, 09:52:03 PM
Thank you for the idea. Well I was aiming at least @ the people which would like to think and discuss about it, but know that they won't invest more time in realizing those ideas themselves.
6  Bitcoin / Project Development / Proof of Useful Work - a discussion about an idea on: March 11, 2018, 04:13:38 PM
Hello community,

Bitcoin (and altcoin) mining is starting to use a lot of power (e.g. https://www.theguardian.com/technology/2017/nov/27/bitcoin-mining-consumes-electricity-ireland). Besides keeping the Bitcoin ecosystem alive, spending that power has no other practical use.

It is a way, and it works, but it's not very efficient. Here's a metaphor: A gasoline motor has efficiency of ~30%, while electric motors have >90%. Yes, we used and still use gasoline & diesel (eff. 45%) engines, but electric are starting to have their piece of cake because in the end it is the better technology.

So the new types of consensus algorithms are being developed constantly, and I'm interested in those that provide something useful in addition to "writing transactions in the public ledger in a safe way".

I'll start off with an idea to clarify what I mean and hopefully we can come to a conclusion if it is possible and what would it take.

Let's call it Proof of Printing  :                        

My cousin is into amateur 3D printing. He prints some stuff for a local community and the low budget printers still require a lot of time to print. Let's say that his printer is working 6h/day.

? How would it work ?
Well there should be some sort of a device connected or implemented in a 3D printer that would serve as imutable proof that work is being done (electricity & material being spent), while also having capability to write transactions or whatever useful things graphic cards do.
An obstacle is: how to prove that useful work is being done (e.g. you're not printing random things and throwing them in the trash afterwards)?

? Who would do it ?
Because of the obstacles for making it legit, it would probably need some sort of a KYC. Also, it probably wouldn't function as a standalone mining/consensus method (because of a possibly small user base) but as a part of a multi-algorithm mining system.

This idea is not well thought, but is an example of a Proof of Useful Work.
Opinions about other types of "Proof of Useful Work" are very welcome, be it existing ideas (like Steem's Proof of Brain!) or some of your own!
7  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the way to understand scam ICO? on: March 09, 2018, 03:31:47 PM
What I'm about to say is pretty basic stuff, but it's always good to remind oneself about it.

The only information available to most of us about a project/company is the information that is on the internet. Based on the information that the team released in different forms (product documentation, team bio, interaction with the community through media, ...) you can draw some simple conclusions and distinguish the "complete trash ICOs" from "there might be something behind this".

Now the next step is to evaluate the quality of given information and to form some criteria which will help you decide if it's something "you want to bet on" or it's a pass

Quality of information and criteria examples:
Is the information about the team available and viable? Where is it available (there are some "industry standards", i.e. LinkedIn)? Does the team experience cover areas necessary for success?
Do I understand their whitepaper and are their goals clear? If not, can I find more valuable info about it? What are the obstacles, what are other people saying? And so on.

Sometimes you have to go through a lot of crap information, but with time and experience people learn to separate what's important and what's a distraction.

Making a plus minus list with your criteria (or google someone elses criteria) can be a simple and organized way to make a decision.
Hope I helped you a little.
8  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY] PHI TOKEN - !!! AIIIIIIIIRRDROPPPPP UNTIL 16th of March !!! on: March 08, 2018, 04:11:35 PM
Ok first - these "Joined airdrop" posts here are useless, right? Second - is this PHY token etherscan page? https://etherscan.io/token/0x13c2fab6354d3790d8ece4f0f1a3280b4a25ad96 Could've put that in the OP..
9  Other / Beginners & Help / Re: sMerit for art ! on: March 08, 2018, 12:48:17 PM
Hey snipie, thanks for doing this. Here's my take on a simple graphic. This is how I explain wallets to my friends Cheesy



I'm not registered with imgur so I don't know how long will it last.
10  Alternate cryptocurrencies / Mining (Altcoins) / MiningSol GPU hardware - looks like a quick scam, watch out on: March 08, 2018, 09:50:58 AM
http://www.miningsol.com/ and it's twitter https://twitter.com/sol_mining
Looks like a scam, but it doubled its followers in 1 day (from 800 to 1600)
Absolutely no information on the people behind it, and no info whatsoever when Googling it.
On the website there's a "play video" which turns out to be a promo video from Apple..

I guess this is not the first attempt to quickly scam the money out of people with fake hardware, can we or Twitter shut that down somehow?
11  Bitcoin / Project Development / Re: I have an idea, now what? on: March 07, 2018, 09:44:47 AM
Thank you both for your responses they have helped very much! My project is relatively a simple concept and I would want to make it so that it wouldn't really need to be "ran" too much by a team of workers and that at some point it would be self sustaining. So due to this for my project I wouldn't need a HUGE amount of money for startup through an ICO.

But my question is can I run this project and create my idea without knowing how to code and bringing people on a team to do it for me? And if so has this been done by other projects that any of you may know if?

As others have replied, that has been the case with many ICOs.
One example that comes to mind is Oyster Pearl, which had Bruno Block (founder) in the beginning, and when the project rolled out he started hiring people from all over the world
Start with this article https://medium.com/oysterprotocol/oyster-pearl-team-update-a40fd8abed83 and you can dyor from there if you're interested.
The difference is that Bruno is a dev, and without a dev you can't even create a ERC20 token just for the ICO, so either learn it yourself (hard way) or find someone that could help and develop the idea together (easier way).
Either way, as Nauticus Supervisor said
Quote
you'll need to have an understanding of how capable the team is and what skills they are going to bring to the table.
so check out what clean and well written code looks like (githubs of top20 coins), and try to understand what a good programmer can do and HOW he does it.

There are also examples where community has brought back the "dead" coins (mostly those abandoned by the original developers), PACcoin is a recent example (though nobody knows who the new team is).

When you develop your plan (whitepaper, roadmap etc.) an option is to try to assemble a community (where all involved parties will have some kind of benefit) that will back your idea and help to develop it.
Look @ how Solaris (XLR) is doing things (e.g. https://twitter.com/cryptotrader85/status/969091050139561985 )

12  Bitcoin / Project Development / Re: I have an idea, now what? on: March 06, 2018, 09:55:52 AM
There are many different aspects to cover when launching a project. First, you'll want to check what other ICOs/projects are doing. If you don't have basics of project management, you'll want to study that a little to at least get the general concept.
IMHO you can divide the work to be done in three sections:
Development
Marketing
Legal

1) Development - start off with a concept of a whitepaper, keep it to yourself but having things written down will clear your own thoughts on what is to be done and about what you need to think about.
Check out other whitepapers to get a feel what others are doing and what are they covering, you'll also get some ideas from them. If you don't understand the programming part you'll probably need someone to do it, but writing what your program needs to do is the input for the programming part (e.g. google "flow chart"). This way you can start having something to further think about. Also you can start discovering platforms where you can build your thing, because developing a blockchain is maybe a little too optimistic. Platform examples are ETH, EOS, ADA, XLM, NEO as top 20, and many others like ARK, NEBLIO..
Also, you'll need to separate what you can and can't do in the near future and you'll need to pick a moment when you want your idea to launch. Some ICOs don't have a product (or even a prototype) and some have. In both cases there is success, but you'll need to find that fine line by doing some research and applying methods similar successful projects do (in terms of how you'll handle things at the stage you're at)

2) Marketing - Having an excellent idea or even a product is only half way of having success in this market. Since you're not a company made of "all-stars" (e.g. dude from MIT, worked at Google etc.) and you probably don't have all the connections and resources those type of people & institutions have, you'll need to find a way to attract the community differently. Having a constant interaction with the community is a proven method of keeping the faith of your potential investors (one example I can think of is Stealthcoin, which has basically 1 "unknown" developer, but his constant work and interaction through e.g. discord, slack is enough to keep investors in believeing/staying with the project. There are other methods also, research and find one that suits you.

3) Legal - I don't know much about this, maybe someone else will comment. Because of the unclear regulatory future of the crypto industry nowadays it is common for ICO starters to state that they don't have any responsibility about basically anything (example is EOS). However, being legally covered/obligated puts more trust in the investors.

I'm open for further discussion and I hope I helped your cause a little. Good luck!
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