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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LDOGE] LiteDoge - very currency many coin - lite version of dogecoin
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on: March 18, 2015, 03:11:42 PM
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Kelsey, if you don't like it just leave.
Also to piss you off:
sorry what? missed what would piss me off about that? so why should i piss off, this is an open section of the forum discussing alt currency, you'd think anyone wanting to develop a decent one would want people to highlight the flaws, so we can all improve and develop a real useable alt currency? outside this forum i've been in groups experimenting alot and developing and improving on pos. I have explained it to you I have explained to you what you keep going on about but you don't understand it. Litedoge is a payment protocol. Rewards in the first 40k blocks are only for distribution of the coin. After that the rewards are less than 10k coins per block and go down slowly to only tx fees The rewards wont be for distribution of the coin but for the processing the transactions securely. It is a good system. You do not like it fine. Bye. I put you on ignore because this is getting too much. you've yet to explain anything about how the largest holders won't get most the rewards and therefore continually increase their overall network % at the expense of the smaller holders? you've just said first "nope", as if what I was saying wasn't true, then you said it was but that's acceptable. you've acted from the start as if my questioning was designed as a call out that your coins a scamcoin, which was not my intent, but by the replies ie dodging of explaining clearly why I am wrong, or explaining how you guys will fix the flaw, its kinda starting to look like please please just shhh til we make our fiat on this? bitbean for example with a similar system has atleast tried ie by having a day where the largest holders don't connect so those with less can get some pos block, token effort imo but atleast they've thought about the problem. Kelsey, correct me if i'm wrong but; It looks like the only thing u try to do is FUD, u saw a perfect launch, a great community, many exchanges what want us on there exchange and after that u start fudding. If u dont ment to fud, why u dont PM the dev? Why u post negative comments in this topic ( ofc its free for all, u have ur right to do so.. ) everybody is positive, just not you. If u have some positive feedbacks PM the dev. Because u spread fud here, i dont see any tought from your side that u want to help this community, if u tried to help this community you should PM the dev. But u don't. That's why it just looks pure fud what nobody cares. There is always a shithead on every topic, and you are here the shithead. Anyway, we dont need it, and if u have something what can help us, please share that by sending an PM to the dev. I'm 100% that he will look at every positive feedbacks he get. main reason because its an open source community for a decentralised currency, the coin shouldn't be about the dev, and in this alt section threads should be discussions on alt coins for which I am opening. the dev is unlikely to be the dev and maybe someone in the community has a solution. its not FUD,I am just stating what I see and seeing if anyone has a solution, and instead most this community doesn't want to hear, and wants to simply attack the messenger. so its obviously a make some quick fiat community, not a community willing to improve to have a longterm coin. fine I get it have fun It doesn't unfairly reward large holders though. The point of POS V2 is to reward those who stake 24/7. You brought up bitbean and while they have a flat reward like LDOGE, they don't have a true implementation of POS V2 because coin age is still a factor. Bitbean had capped the coin age at 24 hours "to discourage hoarding" or some such nonsense. When what they really did is encourage hoarding because the only way to accumulate enough weight to stake is to have huge inputs because you don't gain more coin age after 24 hours. Max coin age isn't a factor here because beyond the 8 hour minimum age, it won't increase your chance of staking. POS V2 is actually a fairer implementation for smaller holders because they can get a leg up on large holders by keeping their client online 24/7. Further, the long maturation time (510 blocks) encourages keeping your coins split up into many smaller inputs rather than one large input. The guy who only has 1 million LDOGE but keeps his client open 24/7 and splits his coins up into many small inputs has an advantage over a guy with 1 billion LDOGE who only opens his wallet for a few hours every other day and doesn't worry about the size of his inputs. The former will hit (proportionally) more blocks than the latter. yes and thats like the dumbest sidetrack reply ever, that bloody 1 billion users can equally divide their stake up and kill that 1 million guy v blocks found....your reply is completely besides the point. and the max coin age not being a factor even makes it worse for the little guy, otherwise they could build a larger network weight to compete with the larger holders who leave their wallet on all the time. and yes v2 encourages u to split, which even further helps the larger holders as they can split into more and larger chunks. you know the biggest holders have huge advantage over small holder and that increasing over time, meant all things being equal. hell you could say if that 1 billion didn't leave there wallet on at all they'd not get more returns then someone with 100 000 so this coins fair  again I wasn't initially trying to call you guys out. I was just pointing out a flaw thinking you guys might be intelligent enough to have a solution (which would help others on pos projects) but yeah the defensive garbage replies that twist and don't directly admit the problem show well...........  anyways I am wasting my time here, so have fun with it. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LDOGE] LiteDoge - very currency many coin - lite version of dogecoin
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on: March 18, 2015, 06:30:51 AM
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Kelsey, if you don't like it just leave.
Also to piss you off:
sorry what? missed what would piss me off about that? so why should i piss off, this is an open section of the forum discussing alt currency, you'd think anyone wanting to develop a decent one would want people to highlight the flaws, so we can all improve and develop a real useable alt currency? outside this forum i've been in groups experimenting alot and developing and improving on pos. I have explained it to you I have explained to you what you keep going on about but you don't understand it. Litedoge is a payment protocol. Rewards in the first 40k blocks are only for distribution of the coin. After that the rewards are less than 10k coins per block and go down slowly to only tx fees The rewards wont be for distribution of the coin but for the processing the transactions securely. It is a good system. You do not like it fine. Bye. I put you on ignore because this is getting too much. you've yet to explain anything about how the largest holders won't get most the rewards and therefore continually increase their overall network % at the expense of the smaller holders? you've just said first "nope", as if what I was saying wasn't true, then you said it was but that's acceptable. you've acted from the start as if my questioning was designed as a call out that your coins a scamcoin, which was not my intent, but by the replies ie dodging of explaining clearly why I am wrong, or explaining how you guys will fix the flaw, its kinda starting to look like please please just shhh til we make our fiat on this? bitbean for example with a similar system has atleast tried ie by having a day where the largest holders don't connect so those with less can get some pos block, token effort imo but atleast they've thought about the problem. Kelsey, correct me if i'm wrong but; It looks like the only thing u try to do is FUD, u saw a perfect launch, a great community, many exchanges what want us on there exchange and after that u start fudding. If u dont ment to fud, why u dont PM the dev? Why u post negative comments in this topic ( ofc its free for all, u have ur right to do so.. ) everybody is positive, just not you. If u have some positive feedbacks PM the dev. Because u spread fud here, i dont see any tought from your side that u want to help this community, if u tried to help this community you should PM the dev. But u don't. That's why it just looks pure fud what nobody cares. There is always a shithead on every topic, and you are here the shithead. Anyway, we dont need it, and if u have something what can help us, please share that by sending an PM to the dev. I'm 100% that he will look at every positive feedbacks he get. main reason because its an open source community for a decentralised currency, the coin shouldn't be about the dev, and in this alt section threads should be discussions on alt coins for which I am opening. the dev is unlikely to be the dev and maybe someone in the community has a solution. its not FUD,I am just stating what I see and seeing if anyone has a solution, and instead most this community doesn't want to hear, and wants to simply attack the messenger. so its obviously a make some quick fiat community, not a community willing to improve to have a longterm coin. fine I get it have fun |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LDOGE] LiteDoge - very currency many coin - lite version of dogecoin
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on: March 18, 2015, 06:08:26 AM
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Kelsey, if you don't like it just leave. Also to piss you off:  sorry what? missed what would piss me off about that? so why should i piss off, this is an open section of the forum discussing alt currency, you'd think anyone wanting to develop a decent one would want people to highlight the flaws, so we can all improve and develop a real useable alt currency? outside this forum i've been in groups experimenting alot and developing and improving on pos. I have explained it to you I have explained to you what you keep going on about but you don't understand it. Litedoge is a payment protocol. Rewards in the first 40k blocks are only for distribution of the coin. After that the rewards are less than 10k coins per block and go down slowly to only tx fees The rewards wont be for distribution of the coin but for the processing the transactions securely. It is a good system. You do not like it fine. Bye. I put you on ignore because this is getting too much. you've yet to explain anything about how the largest holders won't get most the rewards and therefore continually increase their overall network % at the expense of the smaller holders? you've just said first "nope", as if what I was saying wasn't true, then you said it was but that's acceptable. you've acted from the start as if my questioning was designed as a call out that your coins a scamcoin, which was not my intent, but by the replies ie dodging of explaining clearly why I am wrong, or explaining how you guys will fix the flaw, its kinda starting to look like please please just shhh til we make our fiat on this? bitbean for example with a similar system has atleast tried ie by having a day where the largest holders don't connect so those with less can get some pos block, token effort imo but atleast they've thought about the problem. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LDOGE] LiteDoge - very currency many coin - lite version of dogecoin
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on: March 18, 2015, 03:01:23 AM
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with the pos staking weighted the way tis, the largest wallets will have a much greater probability of finding blocks and therefore their % of coins owned will always increase while smaller holders % of supply will always decrease........the ultimate in the rich getting richer  so any suckers buying in a small holding will ultimately lose out to the larger holders. not that i don't think finding set block by pos isn't a way forward, just in this design its a fail. nope nope what? nope you can't read? nope you forgot your toothbrush? or nope your probability of finding a block isn't your weight v network weight? Sour grapes Nope about this "not that i don't think finding set block by pos isn't a way forward, just in this design its a fail." It is actually a good design.You need to think about it instead of just saying things. Tell me what you don't like. You don't like that blocks are found with pos 2.0 algo which is much more secure. or you don't like that the rewards are like mining rewards. I do not see why you are arguing about people with more coins will find more blocks. The reason they find more blocks and the reason they deserve to find more blocks is because they have a bigger stake in this and they will not want their coins to lose value by doing bad things. Proof of stake is a form of mining. Blocks rewards are here to give people an incentive to process transactions. When they find a block they get paid for it. Think of it as the payment protocol that it is. And not as the get rich quick scheme that you want it to be. not sour grapes at all just explaining reality of it, hey I could go buy up a huge stake and play the winning the most pos stake myself, so it isnt sour grapes. just stating to small players with personal weight vs network weight the way the pos block are mined that those with the larger stakes over time will increase not just their coinage but there overall % of the network which in turn will make the probability of mining a new block increase..u can see where that goes overtime....while smaller players the opposite effect. whether u think thats ok, thats life, doesn't make me wrong and small holders will lose out with this coin....just reminding people as 99% of this forum really suck at simple math. hey i don't hate pos being used to find blocks, i think its a great idea, just has to be thought out better, bitbean tried days of the largest stakers turning off as some way of making up for it, but yeah token effort at best. Kelsey, you seem to have no clue as to how POS 2.0 works, so here's an interesting read for you: http://blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdfLdoge is a very good implementation of pos 2.0, so if what you're trying to do is fud for whoever hires you and get some cheap coins... Good luck  lol yeah who hires me? i think i've been around these parts long enough that i speak for myself, i'm even one of the very few here not in the quest for more fiat. i want to see the development of good alts. one minute i'm told "nope" next yeah its true but the large holders deserve more....hmm so ur saying to me those with more coinage don't have an increased probability of finding pos blocks? People with more mining power mine more blocks. Doesn't mean that they find EVERY block. I still suggest keeping the thread free of argumentative posts that don't do anything besides name-call. but in pos those with the greater network weight mine more then increase their network weight......so its spiral...hell taken coinage network weight out of the equation makes it worse. what name calling am i doing? i am just stating the obvious, i am saying to you guys; think it out a bit more and you may have something, go this path and the futures limited, guess though u shortterm profiteers don't mind so much and would just like people to remain silent on any flaws? |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LDOGE] LiteDoge - very currency many coin - lite version of dogecoin
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on: March 18, 2015, 02:42:08 AM
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with the pos staking weighted the way tis, the largest wallets will have a much greater probability of finding blocks and therefore their % of coins owned will always increase while smaller holders % of supply will always decrease........the ultimate in the rich getting richer so any suckers buying in a small holding will ultimately lose out to the larger holders. not that i don't think finding set block by pos isn't a way forward, just in this design its a fail. nope nope what? nope you can't read? nope you forgot your toothbrush? or nope your probability of finding a block isn't your weight v network weight? Sour grapes Nope about this "not that i don't think finding set block by pos isn't a way forward, just in this design its a fail." It is actually a good design.You need to think about it instead of just saying things. Tell me what you don't like. You don't like that blocks are found with pos 2.0 algo which is much more secure. or you don't like that the rewards are like mining rewards. I do not see why you are arguing about people with more coins will find more blocks. The reason they find more blocks and the reason they deserve to find more blocks is because they have a bigger stake in this and they will not want their coins to lose value by doing bad things. Proof of stake is a form of mining. Blocks rewards are here to give people an incentive to process transactions. When they find a block they get paid for it. Think of it as the payment protocol that it is. And not as the get rich quick scheme that you want it to be. not sour grapes at all just explaining reality of it, hey I could go buy up a huge stake and play the winning the most pos stake myself, so it isnt sour grapes. just stating to small players with personal weight vs network weight the way the pos block are mined that those with the larger stakes over time will increase not just their coinage but there overall % of the network which in turn will make the probability of mining a new block increase..u can see where that goes overtime....while smaller players the opposite effect. whether u think thats ok, thats life, doesn't make me wrong and small holders will lose out with this coin....just reminding people as 99% of this forum really suck at simple math. hey i don't hate pos being used to find blocks, i think its a great idea, just has to be thought out better, bitbean tried days of the largest stakers turning off as some way of making up for it, but yeah token effort at best. Kelsey, you seem to have no clue as to how POS 2.0 works, so here's an interesting read for you: http://blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdfLdoge is a very good implementation of pos 2.0, so if what you're trying to do is fud for whoever hires you and get some cheap coins... Good luck lol yeah who hires me? i think i've been around these parts long enough that i speak for myself, i'm even one of the very few here not in the quest for more fiat. i want to see the development of good alts. one minute i'm told "nope" next yeah its true but the large holders deserve more....hmm so ur saying to me those with more coinage don't have an increased probability of finding pos blocks? |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LDOGE] LiteDoge - very currency many coin - lite version of dogecoin
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on: March 18, 2015, 01:42:37 AM
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with the pos staking weighted the way tis, the largest wallets will have a much greater probability of finding blocks and therefore their % of coins owned will always increase while smaller holders % of supply will always decrease........the ultimate in the rich getting richer so any suckers buying in a small holding will ultimately lose out to the larger holders. not that i don't think finding set block by pos isn't a way forward, just in this design its a fail. nope nope what? nope you can't read? nope you forgot your toothbrush? or nope your probability of finding a block isn't your weight v network weight? Sour grapes Nope about this "not that i don't think finding set block by pos isn't a way forward, just in this design its a fail." It is actually a good design.You need to think about it instead of just saying things. Tell me what you don't like. You don't like that blocks are found with pos 2.0 algo which is much more secure. or you don't like that the rewards are like mining rewards. I do not see why you are arguing about people with more coins will find more blocks. The reason they find more blocks and the reason they deserve to find more blocks is because they have a bigger stake in this and they will not want their coins to lose value by doing bad things. Proof of stake is a form of mining. Blocks rewards are here to give people an incentive to process transactions. When they find a block they get paid for it. Think of it as the payment protocol that it is. And not as the get rich quick scheme that you want it to be. not sour grapes at all just explaining reality of it, hey I could go buy up a huge stake and play the winning the most pos stake myself, so it isnt sour grapes. just stating to small players with personal weight vs network weight the way the pos block are mined that those with the larger stakes over time will increase not just their coinage but there overall % of the network which in turn will make the probability of mining a new block increase..u can see where that goes overtime....while smaller players the opposite effect. whether u think thats ok, thats life, doesn't make me wrong and small holders will lose out with this coin....just reminding people as 99% of this forum really suck at simple math. hey i don't hate pos being used to find blocks, i think its a great idea, just has to be thought out better, bitbean tried days of the largest stakers turning off as some way of making up for it, but yeah token effort at best. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LDOGE] LiteDoge - very currency many coin - lite version of dogecoin
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on: March 18, 2015, 12:38:14 AM
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with the pos staking weighted the way tis, the largest wallets will have a much greater probability of finding blocks and therefore their % of coins owned will always increase while smaller holders % of supply will always decrease........the ultimate in the rich getting richer so any suckers buying in a small holding will ultimately lose out to the larger holders. not that i don't think finding set block by pos isn't a way forward, just in this design its a fail. nope nope what? nope you can't read? nope you forgot your toothbrush? or nope your probability of finding a block isn't your weight v network weight? |
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Other / Archival / Re: [ANN] [ILT] Intellect | X11 | 3650% Annually
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on: March 17, 2015, 11:41:31 AM
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Hello Intellect community.
We are preparing fork for 24 march 2015. Thx for your vote
We will write more details later.
Of the opinion of the majority, we chose the first option Poll is completely invalid, question was set to lead people to agree with what the poll writer wanted; ffs dumpest leading poll question ever "Coin will work with current settings - then downtrend - and death." Hardfork to 10% PA will kill quicker then leaving as is. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BitBean | Innovative PoS | Scalability | No IPO | No premine -New Dev Team
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on: March 15, 2015, 12:23:06 AM
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grabbed some 400k of these awhile back to experiment, can see where its heading though, larger holders have an increased probability of finding blocks, so over time their holdings increase which again increases the prob of them finding more, eventually only the very top holders will recieve blocks.
well atleast you guys found something, the ultimate coin in the rich getting richer stakes.
my holding only found 3 blocks since i purchased and therefore my (and most holders except the top) % of supply will continually fall.
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Last new Scrypt miners! Will kill LTC/POWs? Titan 2nd Batch 400mh 2.5k of units
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on: March 12, 2015, 08:45:49 AM
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So yea, if the mining infrastructure is exponentially lower than Bitcoin, that means there is little reason for anyone to pay attention to Litecoin except as some kind of emergency backup.
1st what do you mean by "if the mining infrastructure is exponentially lower than Bitcoin"? do you mean raw hash? and then what has mining infrastructure got to do with the worth of a currency? The security model against both state sponsored actors and illogical actors (ie: if Bill Gates decided for no reason to spend all his money on ASICs to try and take over the block chain), have to be factored into the value. It can't just be ignored. If some random, barely wealthy fool like Garey Busey can walk to the bank and take over the LTC blockchain in one day on a whim, then of course the currency is not going to have value. Making the barrier to entry for mining high for random, normal people, by cutting production of miners, means the threat from state sponsored attacks increases, as well as the threat from random, illogical, wealthy people who can rent out a fab increases. If they aren't a malicious attacker, then their activity will probably cause an increase in price that will get other fabs to produce. If they are a malicious attacker, they can flat out kill the coin by removing all profit from the sector causing a domino effect/feedback loop of pools, exchanges, and ASIC vendors that deal with that coin's algorithm exiting making the whole ecosystem die. Having said all that, regardless of attack vectors, a coin experiencing a regression in mining technology is obviously either going into a bear market or collapse. the price (i won't say value) of a crypto currency is moving further and further away from being controlled by mining, its becoming more controlled by the market (and over time less and less market makers care about who what when where and why of mining). however security wise bitcoin itself has become less secure with the greater hash of the network, it wouldn't take much money now, because you don't even need your own hardware to orchestrate an attack. |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Last new Scrypt miners! Will kill LTC/POWs? Titan 2nd Batch 400mh 2.5k of units
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on: March 12, 2015, 07:44:08 AM
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So yea, if the mining infrastructure is exponentially lower than Bitcoin, that means there is little reason for anyone to pay attention to Litecoin except as some kind of emergency backup.
1st what do you mean by "if the mining infrastructure is exponentially lower than Bitcoin"? do you mean raw hash? and then what has mining infrastructure got to do with the worth of a currency? one could equally argue whats the need for bitcoin now we have litecoin? it is an improvement even trolls admit that, just bitcoin has first mover advantage, but then so did the model T ford. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think of a coin who reduce the total amount of coins being minted?
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on: March 12, 2015, 03:07:02 AM
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This is just to get a feel for the altcoin communities feelings in this issue as it is being discussed in various coins at the moment.
Feel free to post a more detailed answer or suggest more / better options and I'll add them.
The development of an altcoin should be determined by community consensus ...I feel. Give the people what they want. Shameless plug >>> https://www.indiegogo.com/projects/goldcoin-the-future-of-digital-currency/x/4815996How are you controlling supply? It's done in the code. If there is a consensus within the community, a coin's developers can adjust the block reward/inflation rules. How is consensus within the community determined? Do you plan to change rules in the future? Great question. I guess it would be determined by the fork. If a developer made a change that was unwelcome, the majority could abandon the new fork rendering the update null. Goldcoin has no plans to change the coin rules. In my view, changing the rules would not be advantageous now or at any point in the future. Says the coin that dropped mining rewards from 500 to 50 lol ironic you are in this thread... I always assumed microguy was on bitcointalk purely for entertainment purpose  nothing else makes sense. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Advantages of Litecoin?
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on: March 11, 2015, 02:05:04 PM
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Big volume with high liquidity.
Its a slightly faster version of Bitcoin and that is all to it. It is going to keep dropping slowly and eventually die.
no chance because us traders love it All those holding large amounts love it. Gradually it is going to erode. After ScryptASICs I don't see the point of LTC at all. It does nothing better than BTC, and have none of the latter's network effect. well then i take it you don't even know the reason why ltc was scrypt in the first place? |
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Bitcoin / Bitcoin Discussion / Re: Starting an Australian BTC party.
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on: March 11, 2015, 11:43:54 AM
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I propose starting a Political party for Bitcoin in Australia.
We could field a candidate for the Federal Senate, and perhaps some State elections.
To be registered as a political party we need 500 persons signed on who are on the electoral roll, a constitution and a few other things.
Opening the floor to ideas/merits discussion on policy etc.
as a fellow Australian more then happy to petition against such party being formed. |
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