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1  Alternate cryptocurrencies / Altcoin Discussion / Is merkle tree a must in any blockchain? on: June 10, 2018, 09:27:54 AM
Some modern blockchains don't use the classic merkle tree or use something like DAG.

I was given a YellowPaper of a really exiting project for review (I am under NDA, so I can't tell the name now).
I loved everything but the absence of merkle tree rised questions.

Instead of the merkle tree they link new transaction to last transaction to adress and block number where it happened.
So they are kind of a hybrid between DAG and classic blockchain.
They justify it by dramatically increased speed of confirmation and transaction amounts per second.
All transaction history can be still retrieved from decentralized network storage and checked.

Do you think such proof of funds is valid?
2  Bitcoin / Bitcoin Discussion / Is merkle tree a must in any blockchain? on: June 09, 2018, 01:55:17 PM
Some modern blockchains don't use the classic merkle tree or use something like DAG.

I was given a YellowPaper of a really exiting project for review (I am under NDA, so I can't tell the name now).
I loved everything but the absence of merkle tree rised questions.

Instead of the merkle tree they link new transaction to last transaction to adress and block number where it happened.
So they are kind of a hybrid between DAG and classic blockchain.
They justify it by dramatically increased speed of confirmation and transaction amounts per second.
All transaction history can be still retrieved from decentralized network storage and checked.

Do you think such proof of funds is valid?
 
3  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN] [ICO] Ferrari Coin. Bounty. on: July 15, 2017, 06:48:32 PM
FERRARI █ ICO

The worst ICO of 2017 is here and live now!

Have fun reading my whitepaper/roadmap and sending me money!
http://ferrari-ico.io

Bounty program.
Don't forget to tell your friends about it!
As Ferrari ICO Token (FERR) doesn't offer any shares or profits I don't mind giving up to 2 500 000 of all 7.500.000 tokens to you for bounty campaign!
If I run out of tokens then the bounty campaign is over )

So here is what you can get:
  • translation to any language (i'll update my website with it) - 4 000 FERR Tokens
  • re-post of the translation to the local board topic - 1 000 FERR Tokens
  • click campaign 1 click = 1 FERR Token, just send the traffic to my site from wherever you like ) Link generator on my website.
  • signature campaign - 2000 FERR Token if you add a signature with some fun text and link it to this topic and/or website
  • You know some other ways to make my ICO popular? Write me a mail or DM and tell how much FERR you want for it )

Let's make me TheLuckyBastard with a Ferrari! Thanks!

P.S. Though I think it would be awesome news for the press if this ICO gets successful and buys me a Ferrari, I don't recommend to buy this tokens and loose your money )

Do you think this ICO deserves to collect 1 whole ETH coin ?  Grin
4  Alternate cryptocurrencies / Altcoin Discussion / What do you think about venture like A/B/C/D rounds ICOs? on: July 15, 2017, 02:05:46 PM
Most projects don't really need 10m or 20m or even 250m$ right at start.
But all projects try to raise as much as possible right now.
From the dev side I think not exactly greed is the question, but the fear that if they announce they want just 1m right now, and will hold a second ICO next year the first one won't be successful.

So I really think the right structure of the ICO would be like.
SEED (pre-ICO) hard-cap 500k$ - that's more then enough to build a working prototype of ANY project
Yes, I would be able ANY project with 500k, even a good working prototype of a search-engine with features that differs it from competition.

ICO round A - min CAP and max hard CAP 3m - 20% of the project shares, 80% team and pre-ICO investors.
ICO round B - 6 min CAP and max hard CAP 10m - 20% round B investors, 16% round A investors, 64% team and pre-ico investors.

From my point of view round B should be very popular even by round A investors that would want to buy more if the project shows good dynamic.

But the question is would there be enough people wanting to invest in round A, knowing that the team will hold 80% of the tokens and issue more in about 1 year making the total share of round A investors 16% and not 20% though the price at round B is minimum twice the price of round A.

So what do you think?
Will it fly or will it turn away a lot of people that like hard-caped tokens which will never be issued again?
5  Alternate cryptocurrencies / Altcoin Discussion / What features should a new leading currency have to become bigger then btc/eth? on: July 15, 2017, 04:54:02 AM
I think that current leaders will fall once the new one appears.
Not tomorrow, but within the next years.

Here is my top3 features a new leader should have.
1. High transaction volume scale from millions to billions.
2. Low transaction fees.
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.

What would be your top picks?
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