Do you think this token standard will have a big impact on the future of ETH (price, utility), or will this standard be more of a novelty that never realizes true staying power and only has transient impact on crypto?
It may very well be just a nice try without real impact on real life situations. Why? Because it has worked with cryptokitties, but cryptokitties are entirely digital assets. Will it work with physical assets, like land, real estate, diamonds, or collectibles? I doubt, or at least not without difficulties, and not right away. For real life applications we need a way to associate physical objects with non fungible ETH tokens. This is called the "Oracle problem". Whom will you trust that your non-fungible token you have just bought represents the actual house? Exactly, difficult to trust anyone. Because of that, we need an Oracle that will ensure and enforce this legally. Until there is some regulation in this area, I doubt we will see a real impact of ERC721 on the future ETH price or any other cryptocurrency.
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- Don’t click on links posted on this forum
This is a very good point. I nearly fell for a Phishing Scam after clicking on a link posted in the Services board. The link took me to a page looking identical to the login screen of bitcointalk.org. Luckily for me, I checked the URL, which of course wasn't on the bitcointalk domain, and I didn't enter my login data. But someone else (or me in a different situation) might have overlooked the URL check.
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At the time of this writing we have less than %0.02 orphan blocks rate (only 11 blocks in last 12 months).
Very interesting. I didn't know the rate was so low. I remember reading something about preventing orphaned blocks being one of the main reasons for 10-minute block time. What about network bandwidth? Wouldn't we need higher bandwidth if there was 1-minute block time?
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Your PC is probably not the best option even for one master node. The reason being, a master node has to be online 24/7 in order to communicate with the other nodes on the network all the time.
A much better option is buying a Virtual Private Server (VPS), hosted by a hosting company. You can then host several masternodes if you like, but a much better option would be to use one server setup for one masternode. For each masternode you have to download its blockchain, so your hosting package should have enough disk space to accommodate the blockchain and enable future expansion.
If you decide to run several masternodes on one server, you will be limited by the memory imprint of the running node. This obviously depends on the coin(s), but you probably won't be able to run more than 3 or 4 of them at the same time on the same VPS. It also increases the risk of all your nodes going offline if the server is down.
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there is a lot of disbalance in the market. Especially I'm interested in lower caps where spreads can be 10-40%
Yes there are disbalances in the crypto market, and if you have analytical skills you can easily spot them. You can even find bots to do that for you. But when you endeavor to take advantage of these price differences, you can face many practical difficulties. For example, you may not be able to quickly withdraw the coins from one exchange to transfer them to the other. Or the withdrawal fees may eat up all your profit margin. Or the wallet status of the exchange may (coincidentally) be in maintenance mode. IMO, before spending any significant sums of money on arbitrage, make sure you have figured out all the practical steps and tiny details.
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Is my stake weight paradoxically multiplied?
I have no idea how these staking systems work, but I doubt that will happen. That is, if the implementation is done properly. First of all your wallet doesn't hold your coins, they are on the public blockchain. If you open wallet.dat multiple times, it is still the same number of coins. And if by "stake weight" you mean how many coins you have locked for staking, it's the same number, regardless of home many wallet instances are opened.
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Interested concept, at least on paper. I have to admit, I've never heard about holochain before. The basic idea seems to be having an application platform where a separate blockchain will be attached for every device running on their system. Pretty challenging task, if you ask me. What is amazing is that they managed to raise more than 30,000 ETH during their ICO phase.
I have no idea about the potential speculative value of their token. It is still an ERC20 token, so nothing special at least for now. As with many other startups, they have to prove themselves, because only a tiny fraction of all startup projects ever succeed.
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Interesting curve you have shown us there. It depicts the entire spectrum of human emotions we all go through every day of our lives, only reflected on the crypto market. It is hard not to be euphoric when everything goes your way. It is hard not to be depressed when things look grim and hopeless. Probably some of us can remain calm, peaceful, and analytical in real life situation as some trader can remain calm and analytical while trading in any market. But many of us can't.
Of course, making market decisions according to this curve makes a lot of sense only in hindsight. And it is almost worthless if you have a real time chart in front of you and have to put a lot of your hard earned money at stake.
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I have real problems to understand the post you refer to. For example, what does this mean in the linked article: Jensen Huang, the CEO at Nvidia, echoed the negative sentiment of Kress, adding that the profitability of its cryptocurrency-focused mining chips has declined substantially, as the price of cryptocurrencies moved to a downward trend....
...the profitability of Nvidia’s cryptocurrency venture What kind of crypto related venture Nvidia took part in? And what kind of mining chips are they talking about? I didn't know they had plans to enter the ASIC arena, or did they? On the other hand, the GPU's are made for their primary target: the gaming community. The fact that they are being used in mining is just a side effect of their availability.
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A much better question would be "What are the fields where blockchain technology is really necessary?"
Because, the blockchain is not really necessary in many areas of our existence. But today the word "blockchain" has become so fashionable, so in, that people are trying to merge the blockchain with many different areas of our life.
Where is the blockchain really needed? In a trustless environment where you don't necessarily have to trust the other people involved to achieve consensus.
Using the blockchain usually comes at a price. For example, it takes time for the consensus to propagate the blockchain. In many instances, the centralization is welcome, and you achieve nothing by implementing a blockchain there. You just introduce delays and redundancy.
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Thanks @sandoche. OK, that probably means that one can mange without Ruby, with a website made in any other language. Your tutorial is on my to-do-list, hopefully I can find some time to try it soon.
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Not listened to the podcast yet, did they mention what StartCOIN did? Thought not.
They did mention some crypto projects they were involved in. I didn't pay much attention to it, because, truth to be told, I had no idea what these projects represent. I just checked the market position of STARTCON. It looks like a scamp project with a huge pump and dump not so long ago. I have to admit it doesn't look good for people who declarative stand for open and transparent economy.
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Could you please clarify about it? Ripple and XRP are not the same coin? Then why everywhere Ripple's symbol is XRP?
I'm not 100% sure if this is true, but recently I heard the same thing in an interview. I was somehow under the impression that one would need XRP as gas to move assets on the Ripple network. But it doesn't look so: Here is the difference between xrp and Ripple Connect taken from their whitepapers: 1) Ripple, the company, offers banks a software called Ripple Connect (thanks /u/cmbartley) which uses InterLedger Protocol (ILP) to transfer $$ between banks with a minimal fee because it doesn't have to get transferred 2-3 times into different fiats or service fees. It simply needs to get converted once. This software DOES NOT USE XRP. XRP is an option but right now banks are not choosing it because it's new and because of its volatility. 2) XRP is a cryptocurrency that exists outside of Ripple Connect that is high in liquidity and has fast transactions. Source: https://youtu.be/51dMe_Oui4M?t=2439Source: https://www.reddit.com/r/Ripple/comments/6jd9w6/this_is_the_difference_between_xrp_and_ripple/If XRP exists in a different system, I wonder what will prevent it from plummeting in the future.
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I can imagine that no government would be fond of cryptocurrencies because of their disruptive power. Have you noticed that even if the country has free and open market economy, one part of its economy always remains closed and centralized? That part is the part where the government issues fiat (paper) money. That part always goes against the principles of open and free market economy.
All governments want to remain in charge of printing money out of thin air, so they can do 2 things:
a) have a say in the distribution of paper money and b) debase their fiat money each year (inflation), and by doing that, rob its people and get even more money (value) for itself.
Now, cryptocurrencies, or at least bitcoin, make it totally impossible for anyone to debase it, which is a great feature and comes very close to the archetype of ideal money.
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I have understood so much from the white paper (correct me if I'm wrong):
It's going to be a mix of PoW and PoS. The PoW algorithm is going to be X16R, the one used by Raven coin. This algo (or combination of alogs) is indeed ASIC resistant, at lest for the time being. It's not clear if there's going to be a premine (or postmine). Couldn't find any answer to this question. It's not clear if there is a set block height where this fork is due to happen.
Probably the OP can clear some of these questions.
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Asking for KYC after the campaign is over is a terrible practice. I personally would never agree to do KYC after the fact, even if losing the reward is the price to pay.
Sometimes it's out of the hands of the campaign manager, though. There are also campaigns where the campaign managers explicitly state that they reserve the rights to change the rules during the campaign.
Now I don't know if that was the case in this particular campaign, but if I'd participated in it, I would have felt tricked.
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It is also worth to disable all updates and disable Windows recovering so that in the event of failures with electricity the system continues to boot up on its own.
I'm not really sure that disabling updates in Windows is a good idea. It's better to set them on Manual. That way you may choose how and when to install them, without interrupting your mining, but its' better to know of them. Because, Windows may have important security updates, which if you miss to install, may leave your system vulnerable and prone to malicious attacks.
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Anyhow, if you already have this model, you could potentially switch to mining other CryptoNight coins. I'm sure there are coins that are still running the old algo, like Electroneum for example.
Electroneum ( ETN) already had a hardfork which changed its POW algorithm a few months ago. All that's left are typical shitcoins which didn't really care of Cryptonight Algo's real goal, mostly scam coins. Thanks for the update. I was under the impression that the remaining coins are not really worth it, but I didn't know for sure. So that should really mean bad news for the OP. If nothing, this illustrates the danger of buying ASIC equipment without a substantial number of solid coins that wouldn't all change their algo at the first sight of ASIC.
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