Great, so those in the know get a massive advantage when it comes to mining. Are you suggesting no optimzation of open source protocols is allowed? If it was there for the purpose of giving someone an advantage, it really isn't the same thing. Ideally, optimization would not be necessary, because a crippled hash wouldn't be used. |
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Monero was released with an intentionally crippled hash function. Whether the Monero devs realized it or not, the crippled hash was included to give someone an unfair advantage.
You are confusing fairness (equality of opportunity) with equality of outcome. This conceptual error is a basic tenet of the Free Shit Army. Being able to optimize hash functions is something only a few people can do. It would be unfair to deny those people the opportunity to profit from their applied knowledge and intelligence. If you can't optimize functions but want cheap/easy early coins, you need to stop mewling and buy them from someone who can and did. Great, so those in the know got a massive advantage when it comes to mining. This is different from a premine how? |
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I do think I should stay out this discussion now. I do wish everyone the best, including all the developers of the various coins.
God bless all of you.
Why do you think you should stay out of this discussion or any other? I appreciate your posts, however it would be nice if you put forth your ideas for a cryptocurrency that can scale, so that we can begin to put those ideas into code and even into Moneo itself. Hahaha, no. |
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I'm comforted shojayxt still visits this thread. It must be important to him.
That's an understatement. Look through his post history, and you'll be hard pressed to find a post outside of this thread. |
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Why would there be a month without an update? RC4 is already finished, it's just debugging at this point.
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Thats one of the most incoherent replies Ive ever seen. I cant tell whether your shilling for bytecoin or actually answering my point, care to rephrase?
I'm sorry if I mislead you and I don't want to look like a Bytecoin bot but I want to say that if we are talking about stability we should judge impartially. That is why I suggest you to use other altcoins (especially BCN) for drawing a true picture of how we can exchange altcoins to BTC. That is what I was talking about. The BCN daily volume across all exchanges is 4 BTC: http://coinmarketcap.com/#BTCSo, no. Nice try, but just no. Lol, that's just depressing. Must suck to have BCN. |
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Fuck off cloak fags. Its obvious since cloak was only mined for 7 days a small minority of people hold the majority of coins so it is in your interests to create new buyers by spam fuding popular threads.
Remember though, DRK was also instamined due to a "diff re-targeting glitch" like it or not.. many coins are held by a couple people in the DRK community. ~10% of the total supply with Darkcoin vs. 100% with PoS coins. Can't really equate the two. From what i have read the instamine glitch got miners over 40% or 2,000,000 DRK. https://bitcointalk.org/index.php?topic=560138.0Dont get me wrong, Darkcoin seems to have a good Dev team and some awesome features / infrastructure. But its rocky beginning should be noted. Sorry, I was referring to ~10% of the total eventual supply. |
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Fuck off cloak fags. Its obvious since cloak was only mined for 7 days a small minority of people hold the majority of coins so it is in your interests to create new buyers by spam fuding popular threads.
Remember though, DRK was also instamined due to a "diff re-targeting glitch" like it or not.. many coins are held by a couple people in the DRK community. ~10% of the total supply with Darkcoin vs. 100% with PoS coins. Can't really equate the two. |
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I would predict second week of August, given how hard Evan is working. There seems to be a new release pretty much every day.
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There are so many options on the market, most people are too tech illiterate to realize that 95% of them are total vaporware.
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Darkcoin. Once RC4 comes out the anonymity war is over.
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I wish there was a button that would remove trolls from my reality.
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Bitcoin runs about 60K transactions per day which is less than one transaction per second. Even allowing for the fact that transaction flow is not constant throughout the day this is not even close to being a serious issue.
One would hope that 60k transactions a day is not the apex. |
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Are you fucking stupid..
Why is it that only dumb people insist every one else is stupid??? Reality is so simple when one keeps a closed mind, and has everything figured out as a teenager. Don't worry, you aren't alone in such observations. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect |
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The sad thing for them is that trolling won't accomplish much. The people who have money to invest have it for a reason. They will take the time to research, check out the testing on Darkcointalk, etc. Some random guy blathering about how his vaporware solution will conquer the world is not likely to influence them.
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If they start putting up an excessive number of posts, report them as spam. Eventually, they'll just get themselves banned if they can't behave.
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Today must be the Great Collective Panty Shitting Day for cloak gobblers everywhere.
I'd say make a meme out of it, but who wants to start a troll war? |
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The other killer flaw of Monero is non-zero transaction fees. A coin with zero-transaction fees can surpass it quickly.
So when mining is finished who is going to pay the miners? Nothing in this world come for free you should know that. This was the stupidest statement I have ever read from you. Perpetual debasement. If you had bothered to read some of his discussions, you'd know that. You'd make a good posterchild for Dunning-Kruger. Monero is going that direction as well, though there is healthy debate about the exact amount and structure. We don't however believe (as bitcoin does) that transaction fees alone supporting miners is a good approach. I don't agree with zero transaction fees for the most part, but I'm not sure. Obviously you'll get significant resistance from shortsighted individuals, but long term, I don't think there's any other solution (perhaps heavy transaction fees). At least not yet. |
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You're welcome to go and revel in your shitcoin circlejerk, just do it in the proper thread.
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The other killer flaw of Monero is non-zero transaction fees. A coin with zero-transaction fees can surpass it quickly.
So when mining is finished who is going to pay the miners? Nothing in this world come for free you should know that. This was the stupidest statement I have ever read from you. Perpetual debasement. If you had bothered to read some of his discussions, you'd know that. You'd make a good posterchild for Dunning-Kruger. |
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