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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] TRESTOR - The Most Efficient Money, Payment And Market System In The World
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on: July 08, 2015, 07:03:18 PM
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Our Retail Partners allow you to buy and sell Trests in locations all over the world.
Please provide one example of a retail partner that advertises their prices on their website, transparently.
With Trests there are no transaction fees, all the coins you mentioned do have transaction fees. Transactions take an average of 10 seconds to confirm, which is also a +.
Furthermore, with Trestor there is no mining required to protect the network which is a big waste of energy, and possibly unsustainable.
There are no transaction fees because there is no security in ensuring that the digital ledger stays the same. What would you do if law enforcement told you to reverse a transaction since 'terrorists' owned trests and were using them? When you skip that big waste of energy you refer to, there are tradeoffs. I'll pass thanks. I think you are misunderstanding how trestor works exactly. Since anyone can run a node, a transaction cant simply be reversed without the majority of the network agreeing on it OK, but there's no incentive to run a node unless perhaps you are a business that buys and sells Trests. Since any such business depends upon Trestor (owner of ~all Trests currently) then it's in their best interest to support anything Trestor does. If Trestor is served with an order to reverse or suppress a transaction, they'll have no choice but to obey. I didn't see the reversibility of transactions in the Trestor whitepaper, they're using a Proof of Stake blockchain which like any blockchain creates a permanent record of transactions. If Trestor was 'served with an order to reverse or suppress a transaction' then this is no different than Ripple - which currently owns all the nodes. There is no monetary incentive to set up a node, but according to the TNet documentation it would seem that a university would be interested in setting up a node so they can be a relay point to pass messages to other nodes. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [OFFICIAL THREAD] FACTOM - Offchain transactions + Factom Blocks
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on: April 01, 2015, 01:34:33 AM
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Using Proof of Stake will end up with Masternode stakeholders owning a lot of beach front property.
Edit: Proof of Stake will allow large Factoid holders to vote on the conversion rate. They will make it prohibitively expensive to buy entry credits. Wealthy attackers can create counterfeit entries and cause genuine entries to be ignored by consensus. In other words, Proof of Stake is not a good consensus, especially for property. Wealthy factoid holders will collude to attack record systems of valuable real estate. This has already been done in countries that have gone to computerized real estate bookkeeping. It would be better to not avoid Bitcoin's consensus approach. Proof of Work offers stronger protection from such attacks.
This. A thousand times this. Attacking POS is economically more feasible than POW. I'm not sure I completely understand your points... But want to point out that Factom is secured by Bitcoin which is PoW Entry credits are a fixed value. Perhaps they are hedged Bitcoin contracts, but they are purchased with a floating value Factoid that uses Proof of Stake. Bitcoin hedge contracts expire and become volatile over time, so either you will have to secure with holding bitcoins or create new contracts using Factoids. FACTOM claims that you won't be using bitcoins.They expect people to go from USD to Tether to Factoid maybe? Likely. It would be better to use a Tether approach and transition to a Lightning Network 'hub and spoke' model. Factoids are using a protocol to transact on Bitcoin's PoW network, but it is true that Factom will not be using 'bitcoin the currency'. Entry credits are like IOU's in the Factom network, a fixed value against the floating value of Factoids. Factom has its own consensus model which is explained in the whitepaper here: https://github.com/FactomProject/FactomDocs/raw/master/FactomLedgerbyConsensus.pdf |
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Bitcoin / Project Development / Re: [ANN] Clef is secure two-factor authentication with no passwords or tokens
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on: March 01, 2015, 09:00:12 PM
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Clef makes it easy to replace passwords. For example rather then going to login to bitstamp with your username, password, and then 2fa, you can just login using your phone. It is quick and easy.
Bitstamp would need to add the clef plugin.. And trust the central server... Can this not be done trustlessly? I mean we are on bitcointalk right? Any 2FA system should be trustless and open source. i dont think this one is Not every 2FA system is trustless nor open source. Google Auth and Authy are certainly not. Clef documentation outlines they don't hold any private keys. The private key is kept on your phone and only the public key is shared with the Clef server to authenticate the OAuth handshake. http://docs.getclef.com/v1.0/docs/authenticating-usersSo they can lure in open source projects and then jack the rates up at will or sell information they gather to seo's? Ya sure It's free for users unless you're a website owner. They get usage analytics - Projects in Bitcoin that are using it currently:Koinify.comBetmoose.com"Clef does not share personally identifiable information with third parties without your permission. When you register at a new site that integrates Clef, we will notify you of what information the site requires and you must give permission in order for us to share it. Once you approve, the other site owns that information and we are not responsible for their use.
Clef does not sell, rent, or lease its customer lists to third parties.
Clef keeps track of websites users log in to using Clef. Any information you provide on those sites is shared with the owner of that site and subject to their privacy policy. Our privacy policy does not apply to such sites, and we are not responsible for the content or privacy and security practices and/or policies of those sites."https://getclef.com/privacy/ |
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Bitcoin / Project Development / Re: [ANN] Clef is secure two-factor authentication with no passwords or tokens
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on: March 01, 2015, 08:22:45 PM
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Clef makes it easy to replace passwords. For example rather then going to login to bitstamp with your username, password, and then 2fa, you can just login using your phone. It is quick and easy.
Bitstamp would need to add the clef plugin.. And trust the central server... Can this not be done trustlessly? I mean we are on bitcointalk right? Any 2FA system should be trustless and open source. i dont think this one is Not every 2FA system is trustless nor open source. Google Auth and Authy are certainly not. Clef documentation outlines they don't hold any private keys. The private key is kept on your phone and only the public key is shared with the Clef server to authenticate the OAuth handshake. http://docs.getclef.com/v1.0/docs/authenticating-users |
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Bitcoin / Project Development / Re: [ANN] Clef is secure two-factor authentication with no passwords or tokens
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on: February 27, 2015, 10:59:28 PM
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Interesting - didnt hear about Jolla phones before this but found that they use Sailfish OS:
"Sailfish OS has the in-built capability to run Android™ apps on your Jolla. So you can continue using your favourite apps like Instagram, Facebook, WhatsApp and Twitter as well as downloading all the latest ones via the Yandex and Aptoide Stores and other Android™ marketplaces."
As the Clef app is on Android, it would appear to work on Jolla - curious about this, please post here if this works for you
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: February 08, 2015, 08:00:16 PM
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Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.
correct. I keep pointing it out myself, but people don't listen to reason a lot these days. I don't know why everyone thinks that...
I do: people like a good simple story.There's a part of the brain that is responsible for making sense of everything (after the fact). It's a lazy bastard. I'm beginning to suspect human history looks a lot different from what is depicted in history books. Maybe we should start putting stuff into blockchains (or _the_ blockchain) so it can't be changed later... is that what factom is doing, btw? yes factom is hashing for proof of existence using the blockchain doesn't the initial insertion/verification of the factom data into the blockchain introduce a centralized, potentially corruptible, weak point in the system? regarding the centralized, potentially corruptible, weak point in the system that inserting data into the blockchain presents- this is potentially true if we were to take raw data - however, Factom only inserts a hash into the blockchain, not the data itself. |
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: February 08, 2015, 07:44:43 PM
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Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.
correct. I keep pointing it out myself, but people don't listen to reason a lot these days. I don't know why everyone thinks that...
I do: people like a good simple story.There's a part of the brain that is responsible for making sense of everything (after the fact). It's a lazy bastard. I'm beginning to suspect human history looks a lot different from what is depicted in history books. Maybe we should start putting stuff into blockchains (or _the_ blockchain) so it can't be changed later... is that what factom is doing, btw? yes factom is hashing for proof of existence using the blockchain |
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