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any progress on getting sunny on mumble?
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Sorry but this is crap. For it to work you (the developers) would need to be better at developing and maintaining the ethereum services than the origional Ethereum theam (induding their supporting community). Now is there a dev team plus a supporting community for every innovative altcoin?  Edit: Plus you ad a bad token distribution which is bad for security if it is a POS project.... any contra arguments? Because it is a clone of the open source code, the original and successive versions will be copied. What kind of counterargument is this? What would give a coin more value: a) dedicated dev team that can expand and elucidate on the coin's feature set or b) some cloner? Can the OP Peter R, take a stance on this? The value of a coin is all about usage/adaption, an analogy: If you were a company and you wanted to use some Linux software within your company (say a server). Would you rather use a Linux distro maintained and supported by Red Hat or would you use the same Red Hat Linux copy (it is the exact same thing, it is open source) which you might even get for free but with no support or with less quality support and less well maintained (security implications...). So with crypto currency projects it is even more so because the users don't care about the exchange rate of the coin. A user would just buy the coin or hold it pay with it and consume the product if the service provided by coin / DAC is money transfer. Now maintainance and security is even more an issue with a complicated project like ethereum! Please hit me with arguments! Btw, would this æthereum model be an application of the side chain suggestion http://www.coindesk.com/bitcoin-core-developers-bitcoin-side-chains/ ? |
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There is an ad on Letstalkbitcoin that basically says that Btcnext is not developing NXT anymore and that he will announce his new project soon What about the value of nxt then? |
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Skycoin eliminates the waste of mining and eliminates the 51% attack threat. Skycoin fixes signature malleability, hash collisions in coinbase outputs and several flaws in Bitcoin. Specifically, what mechanism do you want to use for selecting the party to find the next block? Proof of Stake? Something else. I haven't yet seen a meta description of that... Thanks and kind Regards |
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Sorry but this is crap. For it to work you (the developers) would need to be better at developing and maintaining the ethereum services than the origional Ethereum theam (induding their supporting community). Now is there a dev team plus a supporting community for every innovative altcoin? Edit: Plus you ad a bad token distribution which is bad for security if it is a POS project.... any contra arguments? |
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How many people are working in skycoin and will the source code be released completely, possibly also a client, before or during the IPO?
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Sorry but this is crap. For it to work you (the developers) would need to be better at developing and maintaining the ethereum services than the origional Ethereum theam (induding their supporting community). Now is there a dev team plus a supporting community for every innovative altcoin? Edit: Plus you ad a bad token distribution which is bad for security if it is a POS project.... |
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This applies to Multibit Bitcoin wallets? Multibit vs 0.5.17?
+1 Any update there? |
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Does any sort of collateralization requirement denominated in XCP limit the total amount of assets that can be traded on the exchange to the market cap of XCP? How do you work out the margin requirement? Or is the idea that any asset in one's possession can be used as collateral, but represented as an XCP equivalent?
In a world with XCP backed assets, one way I could imagine this working would be that the current market price of the asset (based on a price feed) would be locked away when the asset was created, and the issuer would place a bet to cover future variations in the price, up to a disclosed bet size, and future date. An issuer could choose the amount of margin they want to put up, and when they run out, the asset would be automatically liquidated. This would have the side effect of dumpling an asset holder back into XCP if a market got volatile, but I think it could dramatically reduce counterparty risk, and everyone would know were they stood. When issuing, an issuer would lock away $1 worth of XCP to create the asset, and might choose to commit, say, another 25% to cover variation. So $1.25 worth of XCP might be locked away per USD token. They could sell the token to get $1 of XCP back, so they'd basically be net a long XCP bet. I can imagine that this kind of usage would increase the scarcity of XCP and push the price up (so in the next round a unit of XCP could back a larger dollar value of assets, and so on). You cannot eliminate counterparty risk from an asset-backed currency peg, as there is no mechanism at the protocol level to stop the issuer (i.e. the user with the private key of the address with the XCP backing) from withdrawing funds. I still think though that is a really good use-case. A currency peg that actually requires no trust is making a CFD on the price of an asset to which you would like to peg your holdings in XCP. The effectiveness of the peg, however, depends on one's leverage, which in turn increases one's risk. For anyone who is interested in making such a peg, I have come up with a few examples which would show how you do it. as there is no mechanism at the protocol level to stop the issuer (i.e. the user with the private key of the address with the XCP backing) from withdrawing funds But would it be possibility to implement such a mechanism: The issuer of XLTC sends the funds to a LTC wallet within the Counterparty system.... So the above says that trading a user defined and user issued asset involves counter party risk (the issuer not keeping his promise to redeem the asset if desired) but the counterparty website claims: "Trade, BTC, XCP and user-created assets with no counterparty risk" |
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Hi guys. With the Counterwallet mainnet release behind us, I've made my identity public to facilitate the continued evolution of Counterparty as we enter the next stage of growth. Please see our blog post on this matter at: https://www.counterparty.co/next-steps/This is a great thing! And in my opinion a necessary one to actually being able to compete. There will be competition with real world identity developers. Real world identity creates trust and the media is looking for a face and a story behind it. Also how would you want to negotiate deals with partner with a hidden idenity??  Over Skype only? That would be highly unprofessional. |
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Can someone explain what the services are Skycoin will provide? By services I mean "remittance" or e-commerce / micro transactions which Bitcoin enables? Is Skycoin another Bitcoin with own code base that overcomes the design flaws of POW/Bitcoin? How does it enable mesh networks? And will Skycoin have applications beyond mesh networks?
Yes. Skycoin starts with security and usability. Skycoin eliminates the waste of mining and eliminates the 51% attack threat. Skycoin fixes signature malleability, hash collisions in coinbase outputs and several flaws in Bitcoin. Then Skycoin adds a new, more usable wallet and features to make it easier to use than Bitcoin. For instance, if you have Dogecoin in your Skycoin wallet and a merchant wants Bitcoin, you hit send and it will convert the Dogecoin to Bitcoin at an exchange at market rate and send the coins to the address. We are able to do conveniences like that. We want to support the major coins in the wallet and want to have receipts, messages and other improvements that streamline usage. Then Skycoin is focusing on applications that drive adaption and utilize the coin. The mesh network is something we can get working quickly and see if it gets adaption. However, it just one application that we are working on. Skycoin is really an application stack and ecosystem. Ethereum and several other projects are already using libraries that were developed under the Skycoin project. Another example, Ethereum offers the ability to do computations in the blockchain and the Skycoin wire protocol is gradually adding support for "personal blockchains". So instead of having one global blockchain, each person can have their own blockchain, which is cryptographically secured and which the people who need the chain replicate. So it may end up making more sense to embed Ethereum's contract system and scripting language in "local" chains instead a single global chain (which can become bloated) and the moving assets between chains. This could be the basis for an open transactions style crypto-securities system. This is an example of a personal blockchain: https://github.com/skycoin/skywire/blob/master/chaintest.goYou generate a public key and only the person with the private key can mint new blocks, but everyone can replicate the chain if they know the hash of the public key. The block body can be any array of bytes. This is a major set forward for making it easy for developers to create new blockchain based applications. Skycoin is not just a coin, but a set of libraries and standards.Thanks for your reply. Skycoin eliminates the waste of mining and eliminates the 51% attack threat. Skycoin fixes signature malleability, hash collisions in coinbase outputs and several flaws in Bitcoin. Specifically, what mechanism do you want to use for selecting the party to find the next block? Proof of Stake? Something else. I haven't yet seen a meta description of that... For instance, if you have Dogecoin in your Skycoin wallet and a merchant wants Bitcoin, you hit send and it will convert the Dogecoin to Bitcoin at an exchange at market rate and send the coins to the address. You would need a wallet that has an inherent market for that. Or would you just allow users to hold all kinds of coins in the one wallet and let them then spend whatever coin is required at a given exchange rate? Ethereum and several other projects are already using libraries that were developed under the Skycoin project. Can you point me to those libraries and/or a prove of Ethereum using them? Sorry for the dumb questions. Due diligence is necessary at a place where anonymous developers are doing IPOs... Here is another question https://bitcointalk.org/index.php?topic=380441.msg6007937#msg6007937The personal blockchains base, the wallet and all that is quite a big endeavour. What development time did you plan for all this? And who is "we"? Thanks and kind Regards |
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Can someone explain what the services are Skycoin will provide? By services I mean "remittance" or e-commerce / micro transactions which Bitcoin enables? Is Skycoin another Bitcoin with own code base that overcomes the design flaws of POW/Bitcoin? How does it enable mesh networks? And will Skycoin have applications beyond mesh networks?
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A paper justifying a 100% premine. Honestly?
You didnt read it. This is not about coin distribution but about payment verification. |
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@Skycoin
Can you show us where that happened "We might have terms like "no forking coin without permission for 24 months after date X" and then license is MIT or GNU after that. We have already had to remove build scripts from the repo because someone tried to fork and launch the coin before us"
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Thank you for such a good site It is very comprehensive and very safe, I trade a lot inside! With Bitcoin ban looming over China I think bter just got alot more risky. I wouldnt leave any coins laying around there! Why? There is no sign that the Chinese government would confiscate the coins on bter. In which way would it be dangerous?! |
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The thing I really got from all these discussions is that Bitcoin is controlled by 12 miners. This is scary and is opposite to the decentralized nature.
I guess when big money comes in greed overrules everything and power grab happens.
If that's what you got from it, then you're either assuming that a majority of people would do things differently (unlikely), or that Bitcoin being controlled by 12 developers is somehow better (no thanks)... Luke will you shut the fuck up? If your not gonna listen to what the community wants, then get out of this thread. You've sounded nothing short of a arrogant prick in all your posts. If you don't like Counterparty, close the door on your way out. Who do you think you helping with such a comment? The more bad words you throw at Luke the more confrontative he will get. This all is childish! It should be ok to have different views!! Accepting that is the first and only way for finding a solution together! |
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So you would send me the Gold via post mail. Did I get that right?
How do I know that you have the gold?
And you also provide a BTC/1ozGold price feed? What data is that feed based on exactly?
Answer1: We don't send you the gold. Our system is setup that gold goes directly from the gold seller to the custodian. We never touch your gold. Answer 2:With our special custody agreement, you can conduct an independent audit on the gold in custody. Again, we never touch your gold. It's in professional, bonded, insured, guarded custody. Answer 3:We will provide a feed on spot gold. I just need to figure out how to do that on Counterparty, but it's not a blocker to trading your gold coin on the DEX. EDIT: Super Thanks for these questions, l4p7. I will add them to our FAQ right now. You are welcome. This is a good practical application to understand Counterparty  What advantage (fees?) do you have from doing this service? Is there some kidn of trust rating within Counterparty? So that if you come up with a silver Trust in 2015, how do I know that this issuer is actually the BitcoinTangible guy that issues the XGold in a trustful manner since Spring 2014? Some kind of private key authentication? Further feedback: Apply high industry standards: (More) professional website, publish independent audits from a industry standard audit company frequently on your website. Edit: And I would remove the big BUY NOW buttons that are twice on the homepage, one right below the other one Looks scamy (subtext: Buy fast (give us your money) without us explaining you first how it works and what the service is). A "buy now" button should be subtle but visible and not twice right next to each other! Other than that, a great service! |
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Oh dearie my! Will you look at that! Congrats on the mention! Yeah, this will change EVERYTHING, thanks once again. Matt, do you promote this on reddit and whatever other platforms? |
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Product and Service Updates March 27, 2014Introduction:We at BitcoinTangibleTrust are happy that to launch a public, trustless trial of BitcoinTangible Trust's gold asset purchase, custody, and issuance on the Counterparty Platform. The players in this public purchase will be: - Global_trade_repo(Counterparty Forums) also known as led_cd(BitcoinTalk Forums)
- BitcoinTangibleTrust (Counterpart Forums) also known as BitcoinTangibleTrust(BitcoinTalk Forums)
- Agora Commodities
- DiamondState Depository
Objective:Our objective is to open up the BitcoinTangibleTrust process to the community in order to build trust from with our process and to validate that there is a value proposition we can continue to scale with more customers and further sales. Our Process:Walk with led_cd through the purchase of approximately 1 BTC of gold for custody and DEX trading through BitcoinTangible Trust process. led_cd will provide his public feedback on the purchase, custody, and trading process to the community. We welcome a very public exercise. We will not charge any fees to led_cd/Global_Trade_repo outside the fees from either gold sellers or our custodian partners. The first step will be for led_cd to fill out our Order form online and inform us of his desire to make a purchase of 1 BTC of gold here: http://bitcointangibletrust.com/buy-gold/Our Ask:We look to you, the community to share any thoughts on the process and how we might improve by quoting us in the feedback we will share during the entire process. Will you help us? Thank you Counterparty Devs and the Counterparty Community, Bitcoin Tangible Trust Team Cross Posted to Counterparty Forums: https://forums.counterparty.co/index.php/topic,203.0.html In simple word. Does it work in one of these ways: (1) I send you BTC -> you send me Gold via post mail? (2) I send you BTC -> you owe me Gold worth of the amount of BTC i sent you (for ex.: I send you 3.2 BTC which gives me 1 oz of Gold atm. In half a year i will egt a different amount of BTC and UDS compared to now, and I can cash out in BTC or USD at the respective daily rate). And then I can request that you pay me back in BTC (or USD? or Gold?) whenever I choose to? #2. But the cool thing is that you can trade your 1 oz gold IOU on the exchange. So, you buy 1 oz of gold from BTT for 3.2 BTC. You hold it in an XCP asset. Price of gold goes up relative to BTC, I pay you 3.5 BTC for that asset on the exchange. Now you hold 3.5 BTC and I hold the 1 oz of gold asset. Now price of BTC rises or price of gold goes down. You buy back the 1 oz asset from me for 3.0 BTC. Through this trading, you now have an XCP asset holding 1 oz of gold, and 0.5 BTC in profit. EDIT: So nobody ever cashes out through Bitcoin Tangible Trust. (Although I suppose it's possible, they will try to avoid it as it costs a lot of money to ship gold, and they would rather keep the assets in the marketplace.) The assets remain in the market. If you want to cash out, you sell it on the exchange for the going rate in BTC, and then cash out your BTC, and somebody else holds the IOU from Bitcoin Tangible Trust. Thanks for the excellent review baddw! Answering #1: We do not send our customers gold. It's easier to do that directly. We are focused on digitizing the physical gold asset into an XCP IOU. We're a digital custodian for these assets. Adding to #2 answer above: Customers CAN cash out into the physical gold with BitcoinTangible Trust. The unique structure of our custodian agreement allows for our customers to redeem their gold at anytime, less any outstanding custodian fees and subject to private key signature verification. Otherwise, our goal is that you can trade the asset as long as you need and it proves useful to you. I hope that was helpful. Thank you for the excellent questions! BTT So you would send me the Gold via post mail. Did I get that right? How do I know that you have the gold? And you also provide a BTC/1ozGold price feed? What data is that feed based on exactly? |
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