Bitcoin Forum
May 04, 2024, 01:57:21 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 [107] 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 ... 712 »
2121  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 17, 2016, 09:52:11 PM
Secured by criminals and used by criminals...World I give you, Monero  Cheesy Cheesy Cheesy

Yes, it's too bad about the fiat system, but we're hoping to replace it, or at least provide an alternative.

I hope you are able to get your buy done at a nice low price. Would be a shame for all that FUDding to go to waste!
2122  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON 2nd gen cryptonote, anon, mobile-friendly, scalable, pruning on: April 17, 2016, 09:29:09 PM
Hi

what is current development of this coin please?

The upcoming development milestones will be supporting the LMDB database for low RAM (which will enable 32 bit support) and a basic GUI. The pace is slow as resources are limited but maintenance and any important bug fixes (security, etc.) are pushed out much more quickly.
2123  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 17, 2016, 09:20:33 PM
Vertoe's post is evidence Dash governance is 100% centralized.

Oh, that's not all.

Quote from: Evan
The system is designed in such a way that the founders eventually lose complete control of the voting system. It's on purpose, we are the ones that have the best idea of what needs to be done currently but over the next few years our voting power will become less and less.

"Eventually" is very comforting, and by the way it is false (math is hard, Evan) if founders receive at least 50% of the blockchain funding proposals, or if they mine the difference. Even at slightly below 50%, "eventually" could be deferred for a very, very long time.

Also Evan has decreed that nodes will exist only in data centers. Maybe he should rename it Amazoncoin:

Quote from: Evan
The problems with propagation do not pass from the Bitcoin network to the Dash network, due to the high quality second tier infrastructure. We can require specific infrastructure from our masternodes, which will allow for very quick block propagation no matter the size.

Regarding the airdrop, it was a stupid idea whether it happened or not. Let's break it down. The nature of the instamine problem was too many coins distributed too quickly, so the "solution" was millions more coins distributed too quickly? WTFF?!

Oh, let's not forget:

Quote from: Evan
This coin would come from a block in the future that paid 2.4million+ coins to a specific address that I hold.

Wonderful idea Evan.
2124  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. on: April 17, 2016, 07:40:02 PM
Not a scam, just need to perform some due diligence.

https://soundcloud.com/beyond-bitcoin-hangouts/e149

That was long after launch.
2125  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. on: April 17, 2016, 02:10:36 PM
Has much work gone into this? I can not tell?

There's a lot of work in it, and it isn't just hodlshares. The white paper is 42 pages of meaningful content (though not mathematically dense or anything). It's only available on their slack I think, but their slack is public.
2126  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. on: April 17, 2016, 02:07:48 PM
scammish

That's my vote

I don't like the "NO PREMINE" etc. crap. That is trying to sell itself as "fair", which is dishonest in spirit even if not literally. They should have just owned it: "NO FAIRNESS"
2127  Economy / Lending / Re: Loans offered on: April 17, 2016, 01:40:33 PM
of course It seems already too late to lecture,  but I have a strange, did you not check
Mitchell warning before loaned?
Quote
Mitchełł 444: -0 / +54   2015-10-25   0.00000000   Reference   Failed to deliver on an escrow contract between him and goose20. Said he would send the Bitcoin paperweight on 19 October 2015, but still hasn't done this. No communications since the 20th, even though he was online on the 24th and posted a few times on the 21th.

I highly recommend to not deal with this user.

I did but I had also dealt with the same user before multiple times with good results. Live and learn.
2128  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. on: April 17, 2016, 01:37:51 PM
1. if they just said at the start we are going to mine a ton of it and keep and vest it for ourselves and if you want to be a mug and mine some you can. then it would just be very unfair.

That is what they said.

Quote
Rather they put no instamine no premine - suggesting fairness but then shafting everyone.

That's a bit absurd and sleazy I agree.

Quote
2. why try to hide they were mining on 100 different wallets? another sign of dishonesty.

I don't see how they hid that. They said they were doing it and literally anyone who ran a node saw constant messages every few seconds saying "steemit42" or "steemit17" or whatever mined a block. How was this hidden?

Quote
3. they then change come out with some excuse that they are made to do it like this because it is more legal to perform a captive instamine than a premine.

Change? They never claimed anything else.

2129  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. on: April 17, 2016, 01:24:42 PM
Isn't honestly-unfair just another terminology for BS? Here, we created a lottery that only lottery employees can win, do you want to buy a ticket?

It kind of reminds me of the sign on the top of some slot machines that says 97% payback. I.e. we are taking 3% of your money everytime you play if you sit here. It's a scam, but it's an 'honest scam', and people sit there anyway. Humans...
2130  Economy / Lending / Re: Loans offered on: April 17, 2016, 12:18:01 PM
Looking for a loan 0.3 btc.

Payment address 1Fhe22vTjojM5okBuNw5uAbkRCFHy1r7V2
Repayment time: 15 days
Interest: 4.5 %

Repayment of 0.3135 is due 2016-03-28

Repayment address: 1EQf4S1ttQtxTa8N5EJoDtmcnjKLsadYPd

funding sent: 662646e9764c6c65082b5d159702e62e171a11cb220297a063cfcbe2ce505d38

Not paid. Loan in default.

https://web.archive.org/web/20160417121855/https://blockchain.info/address/1EQf4S1ttQtxTa8N5EJoDtmcnjKLsadYPd
2131  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. on: April 17, 2016, 12:10:26 PM
I can't decide if this is a scam or not. I'm not kidding it is an honestly unfair coin apparently hehe

I agree. "Honestly unfair" LOL.

It is one of he most interesting not-quite-sure-if-this-is-a-scam coins ever.

Is it a scam if they basically tell you up front they are scamming you?

Tricky and interesting.



unfair is not much better than scam....the difference with a scam is you usually only discover it is unfair after the fact. In this case you are told it is unfair from the start although just how unfair was not discovered until eclipse crypto dev pointed it out.. Although why they have put no premine and no instamine ....nobody reasonably examining it would agree with that. Especially as eclipse dev proved they had 100 miners on it mining to different addresses to cover the fact they were instamining as hard as they could with as little competition as they could.

Saying they were trying to "cover the fact" that they were mining a lot seems wrong since they said they were doing it (see below), and although they had lots of different miner names, the names were mostly of the form steamit99. It wasn't hidden at all.

Post #3 on the thread:

Quote
Accounts:
root, admin, administrator, steem, any, moderator, and unknown plus anything starting with steemit are our own mining efforts.

Those were all highly visible, as the code displayed the name of every miner when they solved a block (this has apparently since been turned off). It was easy to see they were mining most of the blocks.

You have to take Eclipse Dev's comments in the right context. I think he was both FUDding to discourage participation and just plain trolling.

Quote
Second, there's only 3 more weeks left of true mining before delegated mining kicks in. Delegated mining is when the devs pick 19 "witnesses" to mine. Maybe they might pick one or two legit miners, but the most likely scenario, given the scam they have perpetrated so far, is that they will pick at least 17 instances of themselves to mine.

There are indeed 19 elected witnesses. Fair enough to assume those are all rigged. However, in addition there is one witness slot that will continue to use pure PoW mining and one that will be round-robin chosen from all configured witnesses (that don't get elected)

So there will continue to be a small slice of coins distributed to outsiders. Is that enough to matter? Maybe, maybe not. You decide.
2132  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. on: April 17, 2016, 11:12:05 AM
I can't decide if this is a scam or not. I'm not kidding it is an honestly unfair coin apparently hehe

I agree. "Honestly unfair" LOL.

It is one of he most interesting not-quite-sure-if-this-is-a-scam coins ever.

Is it a scam if they basically tell you up front they are scamming you?

Tricky and interesting.

2133  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 17, 2016, 08:44:11 AM
Dash got "distributed" in the two crashes of 2014 and 2015

OK, we'll just take your word on that, mate.

And before you start showing us pretty pictures, be sure those pictures have owners' names attached. Makes for even prettier pictures.
2134  Economy / Reputation / Re: Shelᖚy (TPTB_need_war) Psychoanalysis. Smartest Man in the Altcoin Discussions? on: April 17, 2016, 04:51:09 AM
If i can't acquire native tokens except by willingly submitting to a centrally issued extortion scheme, then it's a permissioned ledger. 

Say hello to Bitcoin mining pools...

I agree with Fuserleer that Bitcoin is gradually losing its decentralized attribute because of the economics of mining, as the economies-of-scale increase and the block reward decreases.

Monero is ostensibly more decentralized because it is early stage and hasn't yet scaled to great economies-of-scale in mining, e.g. there is no ASIC available yet afaik.

However I don't know how eMunie plans to obtain a more wide and competitive distribution than proof-of-work. And is that topic really appropriate in a thread about me.

I've stated why I no longer like ICOs. I'll leave it at that.

That's the funny part about it.  When people complain that others are able to acquire coins at a better marginal cost, they're essentially saying they don't like free market systems.  Ironically, the first sign you have a free market is that cartels and monopolies form.  Economy of scale is just something you have to deal with and the only other option is to remove the private sector monopoly power and hand it to the government instead.  Private sector cartels/monopolies tend to have a finite lifespan, while government based monopolies tend to be immortal, less accountable, and less efficient until the entire system collapses.  So everything in both governance and finance comes down to picking the lesser evil of those two.

These are constructed systems. It is almost certainly possible to construct systems that have stronger or weaker economies of scale, or those with smaller or larger natural limits, just as such variety exists in natural systems.

So I agree with both of you in that economies of scale and cartels are part of a freer market but not all such such markets will behave the same.

By that definition, the term "free market" is no different than "everything". So obviously that can't be correct, because government manipulation, monopoly, and oligarchy would be included in everything.

I did not use the term free market, and I indeed do not believe that term is particularly useful. The term freer market above was not a typo. Meaning comparatively more free.

What you are describing is closer to a 'competitive' market.
2135  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON 2nd gen cryptonote, anon, mobile-friendly, scalable, pruning on: April 17, 2016, 04:42:53 AM
any plans for AEON to be used inside the crypto kingdom game?

There are no plans, but all sorts of things are allowed in the game, so what you would you suggest?

For example, there is already a BTC in-game asset, but I've never seen it used for anything.


2136  Alternate cryptocurrencies / Altcoin Discussion / Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread on: April 17, 2016, 04:38:38 AM
IMHO Dash had a sketchy start (as Darkcoin) and didn't really fix up the unequal premine issues.

However, the community is quite innovative and worthy of praise.

Perhaps down the road there will be a Dash fork altcoin?

How can the launch be fixed.

Who said there has to be way?

Anyway, the way to at least reduce the impact of it, which might have been the best solution possible, would have been to increase future distribution, not decrease it. Dash did exactly the opposite. #FAIL.



2137  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: April 17, 2016, 04:05:38 AM
how much total coins in STEEM?

  "current_supply": "19258974.000 STEEM",

Many are locked up however.


what do u mean locked up? it has premine in some wallets?

No, I mean using the convert_to_vesting command in the wallet. That converts STEEM to VESTS, which can't be transferred, are protected from dilution (approximately means they earn interest) and can only be converted back to STEEM in 100 weekly installments. Most of the supply is VESTS now.

  "total_vesting_fund_steem": "17756500.467 STEEM"

There is also this, which I think is some kind of airdrop I don't understand

  "total_reward_fund_steem": "1329932.000 STEEM",
2138  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON 2nd gen cryptonote, anon, mobile-friendly, scalable, pruning on: April 17, 2016, 03:59:04 AM
I have found it. Its on page 97. Arux didnt post that someone else did thats why i couldn't find it. Thanks

Thanks I will find it and copy it to the bottom of the OP
2139  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 17, 2016, 03:14:47 AM

Didn't you say any topic title with a question mark means NO? Tongue

Reading thread now.

That's a fair conclusion here Smiley

There are some potential future issues but it is hardly REKT, for now at least.

In terms of quantum-resistance we have bigger problems to worry about (and so does Zcash)

This is a non-issue as the PoW can be forked easily. 

That's true, as long as you have sufficient advance warning.
2140  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) on: April 17, 2016, 02:20:32 AM
how much total coins in STEEM?

  "current_supply": "19258974.000 STEEM",

Many are locked up however.
Pages: « 1 ... 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 [107] 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 ... 712 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!