|
589
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: Buttman's Analcoin | SHA256 | 150K POW | 5% POS | Launched
|
on: April 12, 2015, 03:15:45 PM
|
From the MAN himself, behind bars.... [01:41] <Buttman> hi all [01:42] <Buttman> just to say im banned from bitcointalk for 5 days due to "excessive spam" e.g. posting funny analcoin content hand created and hand written completely on topics [01:42] <Buttman> these bitcointalk moderators are arseholes [01:43] <Buttman> i swear if i meet one of them im going to shit on their faces [01:43] <Buttman> so I will be back - 0.25 BTC has been sent to PressTab to start work on the hard fork, just need to get together 0.15 BTC then I can send the next 0.25 BTC before he commits and we can fork  [08:45] <billotronic> what a bunch of fuckers So I have to wonder who's dick you have to suck around here to get the treatment all the scammers and thief receive who go about their business unimpeded by the forum mods. |
|
|
|
|
591
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | 750% PoS | Secure | MultiSend | liteStake | Coin Control
|
on: April 11, 2015, 01:12:15 AM
|
probably not a good idea to destroy data in the age of information. i think it can be very useful (and in some cases even necessary) to have a possibility to trace transactions deep into the abyss. that's why the blockchain is also called the distributed ledger. imho, the security of cryptonite's mini-blockchain is doubtful. new coins are matured instantly and no confirmations of transactions can be made (it simplifies the task of an alternative chain creation). one of possible workarounds for us could be some blockchain compression or a light version of the wallet which uses the merkle root for transaction confirmations as in bitcoin's MultiBit. I for one don't really care about destruction of data, it's probably even a bit of a good thing as it can add to the anonymity and decentralized nature of the Blockchain. Blockchain compression can only go so far, for something to really be infinitely self sustaining it should work like a rolling Blockchain where old data is pruned off otherwise you still have the growing ledger. I am pretty sure that a multi-bit like wallet using the merkle root only isn't able to Stake (or atleast not currently). I agree, but the nature of crypto is not only in anonymity (there are also other ways to hide transaction history rather than just simply erase it), in the ideal world there will be no need in anonymity  The idea of the blockchain is something that can be saved in centuries hermetically sealed, it opens a road for extension of its functionality to let it go beyond money transfer. If it is the trade-off to save some disk space, I predict that in few years even 100 GB blockchain won't be a problem (Moore's law is still actual), with all it's synchro hashing work. So a compression or some harmless truncation (or full-blockchain master nodes, in the case of the multibit-like light wallet which can ask for a piece of the blockchain to be able to stake) can be a temporary solution to release back the full power of the blockchain later. I'm divided on this, but mostly I fall to the side of keep the data forever. I also suspect that storage won't be a huge issue going forward. HDD's just keep getting bigger, and SSD are getting bigger, cheaper, and more efficient as well. Plus, there are things like Electrum, though I think at present it couldn't work for staking coins. Somebody correct me if I'm wrong on that, because a thin client for Hyp would kick ass. I heard PandaCoin had a lite Client a while back along with quick-sync. I'm more along the lines that there will be many different types of Coins so although hard drives are getting bigger, you also have more Blockchains to run so it doesn't hold up to moore's law when you are holding hundreds of different Coins. thats a GREAT idea... take it a step further and make the sfx theme-able I just wanted to reply and make this quote thread even bigger. why on earth would you want to do that? |
|
|
|
|
592
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | 750% PoS | Secure | MultiSend | liteStake | Coin Control
|
on: April 10, 2015, 10:57:45 PM
|
probably not a good idea to destroy data in the age of information. i think it can be very useful (and in some cases even necessary) to have a possibility to trace transactions deep into the abyss. that's why the blockchain is also called the distributed ledger. imho, the security of cryptonite's mini-blockchain is doubtful. new coins are matured instantly and no confirmations of transactions can be made (it simplifies the task of an alternative chain creation). one of possible workarounds for us could be some blockchain compression or a light version of the wallet which uses the merkle root for transaction confirmations as in bitcoin's MultiBit. I for one don't really care about destruction of data, it's probably even a bit of a good thing as it can add to the anonymity and decentralized nature of the Blockchain. Blockchain compression can only go so far, for something to really be infinitely self sustaining it should work like a rolling Blockchain where old data is pruned off otherwise you still have the growing ledger. I am pretty sure that a multi-bit like wallet using the merkle root only isn't able to Stake (or atleast not currently). I agree, but the nature of crypto is not only in anonymity (there are also other ways to hide transaction history rather than just simply erase it), in the ideal world there will be no need in anonymity The idea of the blockchain is something that can be saved in centuries hermetically sealed, it opens a road for extension of its functionality to let it go beyond money transfer. If it is the trade-off to save some disk space, I predict that in few years even 100 GB blockchain won't be a problem (Moore's law is still actual), with all it's synchro hashing work. So a compression or some harmless truncation (or full-blockchain master nodes, in the case of the multibit-like light wallet which can ask for a piece of the blockchain to be able to stake) can be a temporary solution to release back the full power of the blockchain later. I'm divided on this, but mostly I fall to the side of keep the data forever. I also suspect that storage won't be a huge issue going forward. HDD's just keep getting bigger, and SSD are getting bigger, cheaper, and more efficient as well. Plus, there are things like Electrum, though I think at present it couldn't work for staking coins. Somebody correct me if I'm wrong on that, because a thin client for Hyp would kick ass. I heard PandaCoin had a lite Client a while back along with quick-sync. I'm more along the lines that there will be many different types of Coins so although hard drives are getting bigger, you also have more Blockchains to run so it doesn't hold up to moore's law when you are holding hundreds of different Coins. thats a GREAT idea... take it a step further and make the sfx theme-able |
|
|
|
|
600
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | 750% PoS | Secure | MultiSend | liteStake | Coin Control
|
on: April 09, 2015, 03:29:16 AM
|
|
oh and you missed it to!
such timeless classics as ::
[21:16] <mafort1469> nothing worse than trying to prove a point in bad grammar....ugggg hate it.
[21:03] <mafort1469> I said GIMP IT^2
[21:04] <mafort1469> can't you hear?
[21:04] <mafort1469> gimp it^2
[21:04] <mafort1469> gimp it^2
[21:00] <XBX> overall i am fucking up <--me
[21:00] <mafort1469> how are you fucking up?
[21:00] <mafort1469> your woman on top or something?
mafort you say the irc is lacking and the only thing I see lacking is our time with you sir. We need to do a typhoon soon.. . it's been too long
|
|
|
|
|
Show Posts
