We are coming for you vitalik and your ethf cuckolds
Do you realize that saying that it sounds like John Isner telling Novak Djokovith "I'm coming for you"... It's altogether another level, you see. A much, much, MUCH higher level. Oh gosh... |
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Why would this be "good news" for Potcoin? Why ANYTHING AT ALL WHATSOEVER could possibly be "good news" for this coin that serves no practical purpose at all?
Baffled...
BARABBAS: I'm sure you have much better things to do with your time than Troll this thread. Of course keeping track on your BS will be called trolling -- by you. By the way, part of that BS was the posting, 3 weeks ago, that you would be posting some "sneak pics" of that "killer app" you are supposed to have available within two more months (at the latest)?. Not that anyone cares but since it seems to have been a little bit of buying movement in the coin in the last 48 hours and, consequently, a few people is taking a look at this thread, I decided to update things, as it were, in terms of your usual BS. |
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After the Ardor Snapshot, NXT will not plummet in value. NXT is still home to the Multigateway and it could be used in an exchange like fashion. Especially when atomic swaps and Instantdex is complete. NXT exchange fees even with this massive increase in nxt price only end up like 3 NXT ( 15000 satoshi ) when all said and done, 1 NXT to buy the order and 2 NXT to send to a non-NXT address plus txfees of the coin. Atomic Swaps will make this competitive method of transacting.
Color me quite skeptical on that one. But what do I know, right? |
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No website?
At present there's really absolutely nothing on this project. BUT, it seems there will be something coming up that, obviously, could have some pumping in the price written over it. Whatever it is, will be minimal and my suggestion is to stay away from it for it won't have any legs. The (main) problem with this project is that the dev or devs seem to have the head at the lower end of their spine... for instance, they came oput with this amazing idea of can "pot juice" and sell it online. Aftyer that you can easily imagine what kind of "smarts" we are dealing with here... This project USED TO have a very nice idea, widely supported by some in the community, but they managed to mess that up over a year ago... |
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NEW: U.S. government to announce expanded research of marijuana tomorrow - Reuters, citing sources Big news for Potcoin? https://twitter.com/CNBCnowWhy would this be "good news" for Potcoin? Why ANYTHING AT ALL WHATSOEVER could possibly be "good news" for this coin that serves no practical purpose at all? Baffled... |
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Panic approaching. It could see breaking the 100k within the next 12 hours. Then pandemonium to get to the 40Ks really fast.
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ETC has just about the same chances of success that BYC has.
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Not by any model of real-world currently conceivable businesses, it won't.
Apparently you're not a visionary kind. Did you imagine something like bitcoin 10-20 years ago? What Ardor offers is a way to operate a blockchain secured by decentralized consensus, cheaper and more safe than infrastructure and labor a child chain customer could achieve running their own blockchain. If blockchains and the type of functions they can perform are here to stay, there will be large demand for what Ardor can offer. Real-world currently conceivable businesses are not world of tomorrow conceivable businesses. You have a short term speculator's look, don't you? You are right. You must also have the "angel" in Aol, Yahoo, Facebook and Uber. At least... You see, the problem is that I am mostly investing for me right now, not for my grandchildren. And even if I would, why would I mess with something other than what has already proven a significant success (but much less than some expectations), BTC? Most particularly why would I invest or support, longer term, something like NXT which, under best case scenarios, would make "the team" very, very rich while its investors/supporters (holders of the tokens) would be mostly left to dry and at the mercy of hackers/insiders? I'm sure you see quite clearly my points, whether you choose to admit it or not. I see yours. Meanwhile, on more mundane terms, we continue creeping up on diminished but significant volume.Which means the scheme continues working and we could reach double digits before any major sell off. |
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Potcoin beast just woke up !!!
This coin has great reputation, Good and active dev team.
Time to park some bits there...
Seems like something's coming
Someone is definitely buying some today... I wonder who and why... |
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Wow, I'm really floored. Thank you for your clear and well explained post. Finally! No mumbo-jumbo and generalities. I really appreciate it and, for the most part, agree with all your main statements... especially the one regarding the licensing of the technology and the hiring of the NXT team. Both of which will benefit ... THE NXT TEAM, no one else. What else's new. Thanks again for your sincerity and clarity in expressing what this whole project is at this state in the game. If you allow me the metaphor, we are an interesting set of tools to mine the "gold", but we will not extract gold itself in the crypto-gold rush. Fear assessment? At this stage, we don't even provide practical use cases for these tools, but if you go west and buy them, you may end up thinking of one or two...
Thanks again.
Why do you think Nxt 2.0 forging/child chain model is created? To have businesses operate their child blockchains secured by the forging chain. Ardor holders running the forging chain benefit from fees of businesses using child chains. You produce a lot of words, but you have grasped so little of the Nxt 2.0 concept. I am beginning to grasp it. And I need all of those words to try to cut through the simple, generic, bullshit. For instance the generalization -completely empty of practical world meaning- that it could be used by "businesses". Not by any model of real-world currently conceivable businesses, it won't. But there's no denying that the crypto-world itself is a "business" (pretty shady for the most part), that involves 10 or more billion dollars, so I guess, semantically speaking, it qualifies. In that meaning, my above metaphor would be amplified to "a tool TO MAKE TOOLS to dig for gold...". |
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My main concern is that there is no plan to develop NXT chain after the snapshot which could cause the price to plummet because special attention would be given to Ardor. So NXT token could turn to doge coin with no developer behind it.
I have been posting about this: The ARDOR thing is just a SCHEME (not to be mistaken for a scam). In actuality, without any exchange in "value", what Ardor means is a DOUBLING of the number of "coins" in Next. Pure and simply. Next, consequently, ceases of having any value as ARDOR is implemented. That is quite straightforward... where the very smart scheme comes in is AFTER the Ardor is distributed when your holdings in NXT still will entitle you to 0.5 (at least) of the (still unnamed) coin/token resulting from the sale of the first child chain. I repeat again: It is a very, very smart scheme that has already worked very well -as reflected in the price, that I believe has a potential for a double from here still, within weeks-, but that could provoke a huge sell off eventually and before the distribution of ARDOR on October 10-12. Of course the upside of this could be several. For instance, that the foundation finds the money that they apparently need (  ) to further finance the child chains and instead of ).5 per 1 NXT distributes those tokes on a 1:1 basis. That would be one that will definitely extend the period of value of NXT for a while. But make no mistake about it, this smart scheme is designed with the dual purpose of reinforcing the network (many more coin will remain in wallets and forging up until the early days of october, at least, probably and possibly much longer), and to , as a consequence, eliminating a lot of sell-side liquidity on the exchanges AND increase the buy-side, both of which have already being accomplished to a significant extent. The inevitable consequence, has been already felt in the increase in both volume and price. Did I say it was a very smart scheme? It is. |
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Shouldn't you take the absurdity of the "crypto-juice" out of the OP? It's frankly embarrassing...
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As I posted a couple of pages behind, fully on track to get to the 40Ks level, where it bottoms. Getting ready to set the orders accordingly as it seems panic is beginning to strike and could get there sooner than I thought.
Question is where to sell on the inevitable rebound. Better be conservative on projections because once it loses the 100k level, it won't cross it again, I believe.
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Well the whole enchilada at this point is precisely debating -or trolling, if you prefer- the common sense merits of a projects and the possibilities of it finally breaking the barrier and entering the mainstream of the real world. Now, from that perspective, can you tell me again what would be the advantage of a bank using this, as oppose of the private networks they already use? will they eliminate one step in the chain of events from the window to the ledger?
There are some inaccuracies here, but they've been addressed already by others. I'm going to address what I think is your main concern, that being... "The possibilities of it finally breaking the barrier and entering the mainstream of the real world." Here's the reality; That's already happened. There's an entire pseudo-economy in the crypto sphere worth, at a minimum, 10 billion USD, and probably a lot more given other factors involved. Maybe you want to know when blockchain technology will have larger mainstream business applications. Well, it already does. Consider the Russian use of NXT voting technology. Maybe you're interested in large corporate applications, like banks and multinationals. That's an easy question to answer. Large banks won't use blockchains as we do... but they will license the technology. They'll contract the Nxt team. They'll want it adapted to their specific needs. And there's a whole bunch of reasons why these blockchains are superior compared to traditional databases as financial ledgers. But that's what they'll do. They'll license what they think is the best, most suitable technology and adapt it to their needs, and the R&D process for his selection is already going on in Banking conglomerates worldwide. You need only ask them, and plenty have been public with their testing of blockchain technologies. If you want to talk about the specific benefits of blockchains versus private databases for financial institutions, that's a different question that should be handled in a different topic. As for the actual users of the Nxt blockchain, who will they be? In all likelihood, they'll be entrepreneurs. They'll be small business folk. They'll be people with great ideas and fantastic talent, but without the 100 million USD to spend that these banks and states have. And they'll need a place to build their vision. Some will need cryptocurrencies. Some will need assets. Some will need an easy way to build Smart Contracts. Ardor will provide the ecosystem for all of them. And when 1, 2, or 3 of this horde of entrepreneurial projects succeed, that's when we'll see a sudden and dramatic collision of the crypto and mainstream business worlds. And here's the truth: I don't know which entrepreneurial project will do that job. None of us do. We don't know which tools or technologies they'll need, or how they'll use them. That's why Ardor is refining all these different applications. Ardor sets the stage for them, creates the network infrastructure, and builds every tool they could possibly need. Then it's up to us entrepreneurs to create amazing things and disrupt the behemoths. Wow, I'm really floored. Thank you for your clear and well explained post. Finally! No mumbo-jumbo and generalities. I really appreciate it and, for the most part, agree with all your main statements... especially the one regarding the licensing of the technology and the hiring of the NXT team. Both of which will benefit ... THE NXT TEAM, no one else. What else's new. Thanks again for your sincerity and clarity in expressing what this whole project is at this state in the game. If you allow me the metaphor, we are an interesting set of tools to mine the "gold", but we will not extract gold itself in the crypto-gold rush. Fear assessment? At this stage, we don't even provide practical use cases for these tools, but if you go west and buy them, you may end up thinking of one or two... Thanks again. |
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Only NXT were stolen, as far as my facts go. So it was an attack on NXT specifically, not the exchange. Unless of course my facts are wrong...
The attack was on the exchange and not on Nxt. The hacker stole nxt tokens, because it was between btc and nxt at that moment of time. Please get your facts straight, before posting information on here that is not true. My facts are quite straight. As usual. Your foregone conclusions on the other hand... First of all, it not clear, to this day, who and how the "theft" was perpetrated (there's plenty of literature about it in Google). Lin, the owner of Biter, is a piece of shit individual that was proven to be involved in several scams after that and it is strongly suspected that this "theft" was actually an inside job, as in most of the theft cases, is. And the purpose of the "theft", clearly, was an attack on NXT, not just steal as many coins as possible, much less BTC. BTC stolen is sure to "work", since no one is going to hard fork it where NXT could have done it easily -like Vericoin did just weeks before, for the same reason-, thus rendering the "theft" of no value whatsoever. So it was an attack on NXT and NXT was susceptible (all coins but BTC are) to that attack. Should it have affected more people -or more of the RIGHT people, or in bigger amount-, what would NXT have done? that's just up for speculation. Successful enterprises, the mainstream, conventional ones, are not open to such possibilities of attacks ... not to mention the security of networks sustained by the computers on the hands of people of... let's say a rather anarchist vision of the world, spread the world over? I'm sure you catch my point. |
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Only NXT were stolen, as far as my facts go. So it was an attack on NXT specifically, not the exchange. Unless of course my facts are wrong...
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"But you're not running a regular wallet when you use exchanges. That is custom code written by the exchange to display your balance. How can you expect the NXT foundation to write custom code for each exchange to display a projected Ardor distribution? No where is it stated that a "preview" of how much to expect is a requirement for a wallet, only that there will be a distribution that you will receive. The information needed to calculate the amount is widely posted everywhere for your current NXT holdings. If you want the preview functionality, then hold your NXT in a web or desktop wallet and not on an exchange. That is the official stance of the NXT foundation anyways, so I take that as keeping my funds by any other means is a risk. So if I want to guarantee my funds, I need to be holding them in a personal wallet and not on an exchange. I mean if you have your NXT posted up for sale, clearly you don't believe in the platform and are looking to exit, so why would you care about not receiving any Ardor tokens, unless you just want to dump to make a quick buck? After all the NXT is still needed to acquire the coins from the first child chain, so how can you expect to receive coins for that if you're selling them now?"
Wow, this is completely absurd. And illegal. You can do with your NXT whatever you want, no restrictions whatsoever. And what Next Foundation says it is going to do, is taking snapshots (which they are doing) every hour and that by October 10-12 you will get your Ardor on a 1:1 basis, REGARDLESS where you have or have had those NXT coins, as long as they have been snapshot. Bittrex (and Polo and others, I believe) have agreed to cooperate with this operation and, logically, are not planning on keeping the Ardor themselves (at least I don't think they plan that. If they do, theyll be sued and obviously they will lose hundreds if not thousands of customers and since their business is making money from commissions on trades, not from thievery, logically they will keep their word and do just that). Now, what Bittrex at least don't have is the MECANICALS to tell me, ok as of today, your Ardor accumulated, giving the average of your NXT holdings, is XXX amount. Not that they don't have the will to give the coins to you, they do. They just need the MECANICALS -again- to calculate that as of today. We all know that the figures you get today won't be effective (although they are as real as they can be), meaning you won't get the actual credit, until October 10-12. But the whole point is that there's no reason but, again, the MECANICALS, to not have that estimation in your exchange account just like you do in your regular wallet. The Foundation should provide those mecanicals as of yesterday.
The whole matter of the first chain is up in the air and won't be specific until it is, so it is very secondary for many NXT investors, both traders and long term holders. And has nothing whatsoever to do with the ARDOR matter.
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What is the pragmatic benefit of -let's say a bank, since you mention them- in having ready-made child chains? What's the advantage of them over, for instance, a data base?
The big advantage of child chains is that you dont have to take care of bookkeeping yourself anymore. This task is outsourced to ARDR stakers. Bookkeeping usually produces costs (including security costs) and therefore reduces profits. If the cost for paying ARDR stakers is lower than doing the bookkeping yourself, there is a clear benefit. ... the possibility anyone has to return and be refunded when the purchase something they are not satisfied with when they try it. ... A Smart Contract, since it would be irreversible, has no place in such economy.
In your examples you assume that a token is used as medium of exchange between the seller and the buyer of a good. Why should the seller not be able to give back the token to the buyer, when the buyer is not satisfied with the product? The trade will happen under a certain legislation. If the buyer knows the identity of the seller he can just take legal action. If the seller is a machine the buyer should know exactly what he gets, because a machine cant do otherwise than it is programmed. But even in this case a refund would be possible - by the creator of the child chain. If he is a machine too, well, then the buyer doesnt expect a refund possibility in the first place. Maybe I am even discriminating machines by implying they are not capable of doing a refund... What Smart Transactions in Ardor mean is just that the creator of a child chain can determine which ones of a predetermined set of transaction types will be possible in his chain. I dont see how this makes refunds impossible. Your first answer is quite easily countered: Bookeeping -and by that a type of bookkeeping that require specific legal FORMS-, is IMPOSED by the laws of every country. It isn't a private thing, like you imply. You have to present those filled forms and make formal declarations every quarter. That's separately and beyond the normal payroll that, in large companies, requires full departments to handle. I don't see how a child chain will have a positive impact given that, even if it were to simplify some tasks, scores of people would still be necessary to be able to present the quarterly results to the corresponding authorities. Maybe I am too close minded but it seems to me you are more referring to the ledger Al Capone had than to the payroll of, say, IBM, I don't know... With respect to the buyer and seller, I thought the whole point of it was, precisely, to keep the anonymity on both ends otherwise why would them be in any way benefitial for any of them? |
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Well the whole enchilada at this point is precisely debating -or trolling, if you prefer- the common sense merits of a projects and the possibilities of it finally breaking the barrier and entering the mainstream of the real world. Now, from that perspective, can you tell me again what would be the advantage of a bank using this, as oppose of the private networks they already use? will they eliminate one step in the chain of events from the window to the ledger? I just can't see it, sorry. How will security be improved -with respect to what the now have-, by using a "master network" (the Ardor main one) they have no control whatsoever over and that, regardless whatever it is pretended here or anywhere, is not just susceptible but even prone to outside and successful attacks? Please lets not forget that about a year or so NXT was successfully attacked (and robbed). How on earth is ANY mainstream enterprise ever going to trust their security -and funds- to a system that is constantly the object of thefts and security violation, even in the case of the top of the line, cutting edge technology (arguably), like ETH? How can a responsible, successful, CEO be convinced any of this is actually, practically, viable?
The answer that time will tell is simply not good enough. Enough time and we will all be bald. And dead.
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I think the big draw is child chains, combined with Smart Transactions. Let's talk about both. Child chains let anyone build their blockchain on years of top blockchain talent. That removes a huge hurdle to entry and let's people focus on biz development. That's exactly what the [Suspicious link removed]munity needs. We've got the tech. We don't have the infrastructure. Ardor makes it easy to build those businesses. The infrastructure will be done. All you'll have to do is launch your project. Then Smart Transactions. Every Bank worth its salt is looking for template smart contracts to make them feasible for real business use. Nxt already has them finished, and they're going to Ardor. All they're waiting for is a few case studies, which are in the works. Imagine the success when those case studies go public and coders see there's a better way to use Smart Contracts. And more importantly, when bankers see them! There's lots of other things, but what matters is how these are useful for business. That's how Ardor will compete. Ardor solves key business problems and opens the field to an exponentially larger group of savvy entrepreneurs and coders. And really, that's what it's all about. Finally taking all this amazing R & D done in the [Suspicious link removed]munity, particularly the Nxt community, and taking them to the world. One business at a time. Thank you for the (failed) attempt at explaining these two things in layman's terms. The failed one is in pretending that "child chains" are somehow the answer that every business is looking for. I don't see anyone looking for these anywhere. Why would they? What is the pragmatic benefit of -let's say a bank, since you mention them- in having ready-made child chains? What's the advantage of them over, for instance, a data base? What other "key business problems" are or will be solved by child chains? Now, as for the smart contracts... there's no way, no way in hell any bank will ever use a decentralized (as they are by definition) smart contract. For anything. Or (practically) any business at all. OK, look, the mother lode of the western economy, the KEY factor of its successes, all of them, is PRECISELY the possibility anyone has to return and be refunded when the purchase something they are not satisfied with when they try it. From Amazon -primary example- to practically anyone else -including food chains- this is the key base of their success. A Smart Contract, since it would be irreversible, has no place in such economy. At least no place that I can see from the real world perspective. But what do I know, right? |
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