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Honorable Dooglus,
I subvocalize when I read. Should I use the voice of an older man or younger man when I read your posts?
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Some questions, with upfront apologies for not searching the thread for answers:
Re the current blocksize debate now creating a duststorm in the bitcoin world - is there a similar blocksize controversy in monero's future?
Oversimplifying one aspect of the debate - centralization - if the next 3 to 5 years see a destruction of the decentralization of bitcoin, is monero in a position to observe, learn, and survive, or will monero be swept away by the same forces of centralization (in the event monero becomes the "alpha coin" after the demise of bitcoin)?
tl;dr If centralization destroys bitcoin, will centralization inevitably destroy all cryptocurrency?
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As soon as BFL delivers my Jallys, I'll help look for keys.
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I just woke up...But I will try to come up with a rough estimate of when it becomes unprofitable in a little while. So each of my GPUs use about 300 watts of electric, so at $0.10/kw/h that is about $0.77/day. I only have a small sample size of how many keys they can find per day, but lets assume 3 keys per gpu per day. That would make anything under 0.33/clam per key unprofitable.....But, running my GPUs allow me to turn down the heat in my house if I am in same room as them, so I would need to subtract the amount saved from gas heat from that number. Not entirely sure how much gas I save from this. kilowatt-hour = kWh |
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They're on Amphitheater Parkway. |
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Do the development as crowdfunded stages with each product produced running autonomously. Enable coins to be burnt from one development stage to the next. Each stage runs as a decentralized, autonomous protocol. Whole new paradigm for altcoins. Perhaps I will be the first to test the model (pending decision involving this thread). Maybe Gmaxwell is reading and can apply this to the general concept of side-chains.
Adam Back already proposed burning coins as an upgrade mechanism, which he called a one-way peg. It was that idea, in fact, which directly led to side chains (i.e. bidirectional burning or two-way peg). I personally believe that spin-offs are a better model for upgrades than burning but the argument could be made either way (and there may be technical reasons to prefer burning). Wasn't Peter R who first proposed something like that years ago. I am nearly certain but I forgot the name he gave to the concept. Peter R proposed spin-offs as a bootstrapping mechanism for new coins based on Bitcoin's distribution. I don't remember him proposing it as an upgrade mechanism (although a hypothetical Bitcoin "upgrade" does fit within his model). https://bitcointalk.org/index.php?topic=563972.0Unless he proposed something else in addition, which is also possible. To my untrained eye, this idea of pinning a new coin's distribution to the BTC blockchain looks a lot like what happened with CLAM. <apologies for being off-topic> |
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It just doesn't make any sense to want to spend bitcoins.
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
buying stuff with BTC, regardless of price, is convenient way to convert BTC to cash for those who wish to do so. Unless you mine or get paid in BTC you are buying it with fiat. So yeah buying BTC to buy "stuff" makes little sense apart from niche use cases. Bitcoin is a hard, fixed supply asset that rewards delayed gratification. It is quite simply poor economic acumen to prefer it to debased fiat for de minimis daily transactions A couple years ago some people had instant, and delayed, gratification when they exchanged BTC for $1200 of fiat, waited, and then gratified themselves by replacing those BTC for $250 each, or so. There's more than one way to gratify one's self. Anyone professing to be a master of self-gratification needs to provide credentials. |
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From vending machines maybe... but man that is absolute rubbish.
Go to any coffee shops for instance in the countries I mentioned, and count how many people pay with cash. I did the experiment right now (I'm in one) since last post and from 15 customers or so, I was the only one to pay cash. I'd say it was a bit of a coincidence, but generally there's at least 75% customers paying with credit or debit cards.
Rubbish? I just told you what I have seen (without disclosing my location). It does depend on the region (or country). Especially if you live in less developed countries, coffee shops tend to not accept credit cards at all. I still prefer paying for such stuff using cash. Man I meant that vending machine coffee is rubbish, not that what you said is. Yeah, these usually are ran on cash, in some places. I have yet to see one of these in my area though. It just doesn't make any sense to want to spend bitcoins.
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
buying stuff with BTC, regardless of price, is convenient way to convert BTC to cash for those who wish to do so. It is. And the capacity to do that increases the value of Bitcoin. But that doesn't mean you need to go out of your way to clog the blockchain with pointless transactions. As a high throughput system it currently doesn't have the capacity. Why pretending it does? Do you want to just push all domestic nodes out of existence and jeopardise the neutrality of the network? My limited understanding of Bitcoin is its security depends on the cryptography and POW algorithms, not on the altruism and nurturing of each individual coffee drinker. By "out of the way", do you mean down the street a block to a BTC-accepting coffee shop, or do you mean reaching into my left pocket for a smartphone instead of my right pocket for a credit card? The coffee shop is on my way to work, and my exchange happens instantly. No logging in, setting a sell price, paying an exchange fee, etc, etc. |
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Let's have a 4th option for those who don't understand the question.
What would you like the 4th option to be? Are you saying that we should vote to decide whether SuperCLAM gets to keep control of her bitcointalk account?
It isn't her account. It is Xploited delegating to her as I understand. I'm saying we should have a vote to determine who is delegated the task of running the account and making posts that are based on facts and consensus. Let's put your account up to the same vote. |
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It just doesn't make any sense to want to spend bitcoins.
As far as I know Gresham's law is still a thing.
I'll be damned if you find me using BTC to buy coffees when I've got inflation plagued fiat in my bank account
buying stuff with BTC, regardless of price, is convenient way to convert BTC to cash for those who wish to do so. |
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Just wondering what everyone else views on this are.
SuperCLAM is the Clamcoin OP community account. It is currently being shared by Xploited and Creative.
I propose that we have an election in order to see who manages this account once per year with a few checks and balances.
Need to see candidates position on issues and past record before I can vote. Where do they stand on gun control, abortion, Iran, etc? |
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Can we have elections on who controls the Superclam account?
I think CLAM would have a much brighter experience if we had different people in the proper positions of power.
CreativeClam would you consider making your own Bitcointalk account in order to make post on your opinion rather than on the OP shared account?
I'll control it if no one else wants to. |
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I will bet all my CLAMs (currently zero) that btcxpress is behind this digging/dumping.
I will bet all my DOGE (currently zero) that btcxpress will claim to be behind it, even if he is not.
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Even with all digging (from this large digger) completed the amount of new coins doesn't justify such a low price.
well it always depend on the "guy" who is doing it, yes? maybe he is getting exactly whats he want, i mean to dump like hell all those coins. As soon as he finishes? Have you seen his numbers? He can keep selling for two more years.
that phrase scared me and clams fans a lot ( i think ) :S We, of course, can't guess the digger's sell rate. However, the two-year estimation is quite..... drastic, and likely an exaggeration. He has only been digging for a handful of weeks and is estimated to be 1/4 to 1/3 complete. Polo volume for CLAM is 66BTC daily, =$16,000 daily. Taking Dooglus's CLAM market cap of $1,000,000 results in 60 days max of present level of activity. |
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Thank you for shedding light. You are the anti-censor. |
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Dorian knows what's up: https://www.reddit.com/r/Bitcoin/comments/3nzqqh/hi_rbitcoin_i_am_dorian_nakamoto_ama/cvsyyjgI thought it was a wonderful concept for our global transaction based on fully meshed internet world. Distributed processing vs. centralization. More robust. And the purpose to serve the people even down to the poor rather than the profit base, open source software, ... Best financial invention in this uncertain dollar based or the next exchange based competition. Note the emphasis against centralisation. Dorian knows photoshop. Note the emphasis on aliased pixels in the "proof".  |
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It can be calculated as ( AmountOfElectricuty + CostOfHardWare ) / NumberOfTransactions
How do you calculate cost per transaction in a fiat system, for example the USD? Think about all the energy that is used by a fiat monetary system. Same formula, isn't it? How about cost of employees, cost of real estate, etc. etc. in a fiat system? I wonder what the cost of the USD system would be. First we have to agree on units, then a baseline. Compared to the existing system that one finds preferable to USD, what is the average gain (or loss), per participant, in: life expectancy opportunity for independence (political, financial) time spent completing a transaction (financial, social, commercial) access to <food, health care, environmental security, education, information> What is a good word encompassing the < >? |
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People can work in fully centralized community. They are launching rockets to Mars.
If I may use an unfortunate term (or two), the decentralization of space exploration is literally exploding. |
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