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21  Alternate cryptocurrencies / Altcoin Discussion / Re: Aave: Easy Come, Easy Go? on: August 27, 2020, 01:17:02 PM
And while we are at it, can anyone explain to me what is driving the people who are borrowing coins this way? I've been trying to come up with a single reason what's in it for the borrowers, and still can't wrap my head around it. If you have to provide 200% of collateral, how does all that make sense?

Seriously, what's the point?

It makes sense if the collateral is volatile. Then borrowers pay interest to buy leverage. They can borrow stablecoin, use it to buy more volatile stuff (Eth or token that is accepted as collateral) and then borrow even more. So 200% of collateral becomes actually 1:1.

If market goes up, borrowers get all their now much more valuable collateral back.

If the market crashes really hard, lenders have to bear the tail risk. Perhaps they supplied stablecoin and get back token that is now worthless.

For borrowers this is like a guaranteed stop. Remember, in traditional stock market, or FX market there is never a guaranteed stop, at least not for retail customers. In case of a flash crash, if you're leveraged, a broker will liquidate you at the cruelest possible price, and then may try to foreclose your home to get its money back. Not so in Defi, and this is seriously cool.

22  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Crypto be more valuable than gold? on: August 19, 2020, 04:52:35 PM
As technology advances we will see crypto currencies be more valuable than gold. Gold is heavy and needs a lot of security to be stored en mass. Moving large quantities of gold is such a security risk that governments use planes and submarines to move them to different locations. The cost of that compared to the transaction fees of crypto currencies ist just not feasible enough in the long run. Compared to crypto currencies you don't have all these problems, sure you need cyber security and internet access but still it's only a fraction of the cost compared to storing gold. Don't get me wrong commodities and gold in particular are still very valueable and will keep being so in the future. I would recommend holding some precious metals in every portfolio.

And as technology advances, crypto is getting more advanced too, scaleable and such. While gold stays the same, but gold mining technology improves and the million(s) of metric tonnes that are uneconomic to extract now may become cheaper to get in the future.

Not many large holders of crypto will spontaneously decide to buy gold instead. but the other way around it seems possible. With every year, crypto is less new and less unproven. In 20 years, gold is a relic, this time for real.

23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: July 30, 2020, 07:42:19 PM
Buying XCP..
Selling Rare Pepes..

Bamp!

I just noticed there are sell orders of XCP for BTC on the Counterwallet exchange, starting at 0.00009 BTC. Its actually cheaper there than on its one remaining exchange, Zaif. Not sure what you're gonna do with it. Transacting is hella expensive right now.

At least the devs keep the Counterwallet servers up (most of the time).

I'm pretty sure the BTC on the Counterwallet DEX exchange is just a token with the name 'BTC' and not actual BTC.

Trading of BTC in the web UI version of Counterwallet was once possible but later it was disabled (github.com/CounterpartyXCP/counterwallet/issues/560). BTC/XCP trading wasn't as simple as trading XCP assets, basically because XCP has no power over BTC and someone thought it would be too confusing for users.

24  Bitcoin / Project Development / Re: Why isn't Proof-of-Bandwidth a bigger deal? on: July 06, 2020, 05:59:59 PM
[...]but it was solved with this EigenSpeed bandwidth evaluations system. https://www.usenix.org/legacy/event/iptps09/tech/full_papers/snader/snader.pdf 

The authors of this paper don't really try to convert the bandwidth reported by nodes into a network consensus. Rather they need trusted nodes as central authority.

They write "by using a starting vector that contains a small set of trusted nodes" and "if all the trusted nodes are honest, the consensus vector will put limited weight on the malicious nodes.". Then perform “liar detection.” Nothing is said about incentives for acknowledging that peers did in fact report their measurements and so on. The implementation would be just a network for some purpose where the nodes get, by the owners of trusted nodes, rewarded for bandwidth, but it wouldn't be a cryptocurrency.

25  Alternate cryptocurrencies / Altcoin Discussion / Re: DO NOT TRUST TO TETHER on: June 29, 2020, 02:45:25 PM
Have you ever read their Legal sections with all subtle meaning that involve using their service?
I mean when you use bitcoin you're accepting "mathematical" rules.
With tether you're using a service with all legal aspect linked to that.
I suggest every time to take a look about their condition of usage, here I made some example.
https://bitcointalk.org/index.php?topic=5258508.msg54702459#msg54702459
I don't trust a service that can seize my money at their solely discretion or because I have make a deal "with a suspect". In case of issue, I should make a lawsuit? It will worth?

In practice they can refuse to do business with you, but can't freeze tokens on ether or bitcoin/omni blockchain.
If you own the privkey, you can trade the token on any exchange.

Actually they can freeze individual USDT through a hardfork of the underlying coin or protocol. Omni made a hardfork once when 30 million Tethers got stolen,
that's where the "Quarantined USDT" on their transparency page come from. But it's not a threat to the average user.

26  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MC] ***** Marycoin is bitcoin only cheaper! ***** on: May 20, 2020, 04:48:01 PM
The bot that is active in OpenTrade MC/BTC market is pretty cool, but it doesn't trade enough size to be useful, only a few cents worth of coins every few minutes.

27  Bitcoin / Bitcoin Discussion / Re: Crypto whales hacked, lost $15M BTC and $30M BCH on: February 22, 2020, 05:54:54 PM
I don't know this story how much true or false. A crypto whale is so weak with the security of his own assets! I Can't Imagine this. If I had this amount of assets, then of course I would have spent good amount in order to increase security to protect my assets from bad boys. When you have million dollars worth of assets you certainly cannot protect these assets with a sim, this is very risky. He learned a very expensive lesson!

Claims of being hacked and having lost Btc are just too easy to make. If the story was an attempt to manipulate prices, then this would also explain facepalm worthy press coverage like Cointelegraph's "Bitcoin Cash faces slow death after 30m hack".

28  Alternate cryptocurrencies / Altcoin Discussion / Re: Gaming on the blockchain - What do you think? on: February 16, 2020, 02:37:30 PM
I thought that gaming, especially FPS games are not possible on the blockchain due to its decentralization nature, but when I saw The Bitcoin Bounty Hunt game - the first FPS game running on the Lightning network I was amazed how smooth it is. And I believe more game will come and players will be more interested in blcokchain games than classic one because they will be motivated by collecting worthy things (coins, tokens, rare things and so on).

In case of The Bitcoin Bounty Hunt, it's probably not the game itself that runs on the Lightning network, but a LN wallet is included with the game. So that a LN transaction can happen when a player takes a crate or kills or is killed.

29  Bitcoin / Development & Technical Discussion / Re: consequences of --with-incompatible-bdb ? on: August 25, 2019, 01:16:33 PM
So if you build with a different bdb version and then create and uses a wallet with that version, then your wallet cannot be opened with a standard ( bdb v4.8 ) version of bitcoin-core.   This could be an issue for you years down the road, when maybe you are trying to restore the wallet on some other computer/os.

Wallets created with different (I used v0.7 and v0.14) versions of the precompiled binaries in Windows can be used with Bitcoin Core made with --with-incompatible-bdb in Ubuntu 14.04, 16.04 and 18.04. At least I didn't encounter any obvious problem.

But it's potential incompatibility, risk that some wallet functions may not work. And risk that a wallet can't be opened with future versions.

30  Bitcoin / Bitcoin Discussion / Re: Make sure not to lose your BTC transacting BTCgold!Learn about replay protection on: October 23, 2017, 07:18:37 PM
Wait, whoa whoa whoa. If I move my BTC I'm fine right? If I understand this correctly it goes:

If I move my BTC I could lose BTG, but my BTC is safe.

If I move my BTG I could lose BTC, but my BTG is safe.


This would mean it is most important not to touch BTG correct?


If BTC is moved first, to an address that you control (e.g. other address in same wallet),
then both should be safe.

In the worst case, the BTG has moved together with BTC due to lack of replay protection. Waste of fee but you still own both.

31  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HUC] Huntercoin - Worlds First Decentralized Game/World on the Blockchain on: July 28, 2017, 04:40:53 PM

Wiggi, if you want to make a donation address to 'tip' social media I'll donate at least a thousand huc probably. Other bigger players might donate too. You could pay 10% of whatever is in the fund each week toward tipping people, subsidizing new players, etc. Previously donation funds have not really done much visibly. This would be an easy way to get more people involved and maybe some feedback on why huc has been so ignored by the masses.


The state of Huc is like a chicken and egg problem.
Single new players coming in and play, or trying to, wouldn't help at the moment.
Perhaps organizing an event with some (>5, and can't be mostly noobs) people play together and take the map by surprise.
The fancy after action report would be good PR for Huc.

32  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HUC] Huntercoin - Worlds First Decentralized Game/World on the Blockchain on: July 26, 2017, 07:38:21 PM
The "alternative gameplay" from
http://forum.huntercoin.org/index.php/topic,24077.0.html
is now online as a second testnet. It goes into "testnet2" subfolder and thus doesn't step on the toes of mainnet or official testnet.

The "make Huntercoin like a DAO" idea
https://bitcointalk.org/index.php?topic=435170.msg19602642#msg19602642
is also included.

everything that is not like in old-school Huntercoin is decribed in
github.com/wiggi/huntercoin-testnet2/blob/master/Gamerules_testnet2.txt


Source:
https://github.com/wiggi/huntercoin-testnet2
unlike official testnet, it uses port 18396 and the daemon must be started with
./huntercoind -daemon -server -port=18396


Windows build:
https://mega.nz/#!bV0yQZiI!Jc4AY-v4RpkkrdBXREwbpfvGsJlGRz5LD_DFHEHlLfE
(this is only for testnet2, don't overwrite other executables with it)

Code:
addnode=69.90.132.108
in huntercoin.conf (ok when it's just in testnet2\huntercoin.conf)


Btw, even with this player friendly system people won't play every day with their immortal hunters, so you can park them for free.

And because it not only makes casual players and pro farmers equal but also stops tx spam, it would scale very well, imo about 200k active players plus much more "parked" characters that wait for their players to return and play again is possible using only low-tech. Mostly needs regular checkpoints for the gamestate, at which gamestate data can be fetched from peers or loaded from file. And a larger map plus a better map viewer. Then to play would cost only a coin or so.

33  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HUC] Huntercoin - Worlds First Decentralized Game/World on the Blockchain on: July 16, 2017, 07:26:12 PM


Also very important is that the cost to play for people landing on the ad is zero. Somebody should be able to see the ad, click on it, download the client and play, and be able to make something without having spent any money.


The ads would be cheap but the hunters for zero cost playing expensive. It would be sustainable if coins for free hunters come from the game itself. And/or if there are very few free hunters per day and clicking one of the ads is like a free lottery, not a guaranteed hunter.

34  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NEW] Chimaera - a Decentralized Gaming Platform and more - coming soon on: June 29, 2017, 01:49:26 PM
OP lists me as one of the devs, but this project is no longer the same as it was back then, and I now prefer to merely watch from the sidelines.

35  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HUC] Huntercoin - Worlds First Decentralized Game/World on the Blockchain on: June 16, 2017, 07:44:25 PM
Thinking about http://forum.huntercoin.org/index.php/topic,24079.msg30692.html#msg30692

... it would mean that gamefund has steady income once again (imo if not at least 2 or 3 coins per block, the proposed rule change would have not much effect)

This could be used to make Huntercoin like a DAO (coin holders being the owner) with an universal bounty- and voting system. Easiest to do all in gamestate
(but only if spectators can be spawned with arbitrary amount of coins, can live forever but must pay upkeep for spam protection, and get rewarded if they're good citizens and vote)

It would require some new Json fields and gamestate variables so that every hunter can propose granting a bounty, and to vote about any one issue (and state the reasons), and offer to pay an amount of HUC as fee (for spam protection).

Every e.g. 10000 blocks, the network chooses the proposal with the highest fee, its data is moved from the hunter's playerstate to "global" gamestate (kept there for 10000 more blocks), and the fee is paid (amount transferred from hunter to gamefund)

Then the spectators can vote (thats why they need to be spawned with arbitrary amount of coins, these coins == weight of the vote), and after 10000 more blocks result is final and the network would transfer the bounty (if any, amount transferred from gamefund to hunter)

This system is very flexible, for example HUC owners could collectively and officially promise to pay coins after something is done, or (if proposals can be canceled only after some time) the pledged amount (i.e. as fee) is basically frozen coins that can be unfrozen through vote by HUC holders, perhaps useful in case a single person is tasked to handle a larger amount on behalf of the holders. It doesn't need an executive branch, just "sharecoin holders" and "workers".

36  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HUC] Huntercoin - Worlds First Decentralized Game/World on the Blockchain on: June 16, 2017, 06:58:23 PM
Regarding who knows huntercoin exists, there was a brief surge of heavy media when the coin was first issued, then it dropped back, now it is resurging. Below the 12 month chart from Google trends.


And the resurge (in terms of x times googled per day) was on the day when an almost 100% price spike happened, with 24h volume higher than market cap. Everything would be easier if google trends had predictive power Tongue

37  Bitcoin / Bitcoin Discussion / Re: Am I asking too much? on: June 08, 2017, 07:15:32 PM

Bitshares I know of, didnt like it, no vol but I havent tried it for a year.

Ripple has a kind of decentralised market, I havent looked at Ripple for a few years so I dont even know what form it takes now.


Bitshares has ok volume for USD and CNY pegged assets, but not for a gold backed one.

The problem with Ripple is that the value of anything (except XRP itself) is at the mercy of some company that in most cases has no legal obligation to by that token back even if they sold it as "dollar" or "gold".

38  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HUC] Huntercoin - Worlds First Decentralized Game/World on the Blockchain on: June 08, 2017, 06:17:09 PM

I suspect something is being developed for huntercoin perhaps a Huntercoin 2 game, sequels in games are after all not unheard of Wink

Unless one or many of these are developed in total secrecy, this would be the closest thing to Huc2.0 that exists, it's far from finished though:

Some pics: http://forum.huntercoin.org/index.php/topic,24077.0.html

Testnet in box with description of game rules:
https://mega.nz/#!CA5iRSCQ!omJpbIAt5kow59IXhpy9wpL-cJOxE2o6qcEgzK8J_IQ

To try out, copy the "hunttest to C:\ and start the shortcuts "huntercoin-qt.exe - 1" and "huntercoin-qt.exe - 2 - scrypt", then click "Help",
"Debug window", "Console", and type
setgenerate true 1

Just watch, it's almost a living world simulation. Movement works still like in the old Qt (select hunter, click on map, hit "Go" button)
but in many cases (to and from the battlefield) it will be delayed, so that players don't have to be glued at the screen.

Imo the basic idea of Huntercoin is that every person (who ownes a PC and has online access) can mine coins on their desktop
only by applying normal human common sense. So I'm trying to make strategical thinking more important (as opposed to available time to play, luck, or rich-get-richer). This is of course not easy.

PMs with feedback are very welcome Smiley

39  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HUC] Huntercoin - Worlds First Decentralized Game/World on the Blockchain on: June 02, 2017, 07:26:21 PM
Very possible that the Huntercoin finally sees an influx of solo players, playing for 10§-50$ per day. This can be done now by manually controlling hunters if you're dedicated and have lots of time. But it still takes an organized group of players to conquer big parts of the map and make 1k per day, this is the biggest roadblock for the game (i.e. potential solo players being discouraged by lack of other solo players).

40  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2017, 09:57:37 PM
Imo, the biggest problem right now is ETH. It was $8 at the beginning of the year. It's so severely inflated, that if it keeps crashing, it's going to keep taking everything else with it. That's what happens when you let a competitor gain too much market share. It's stupid that I find in order for BTC to hold its price, or continue rising, that requires ETH to hold a 13x inflated price (since the beginning of March).

I agree with you that ETH is severely overinflated, esp when I have the belief that it was never even intended to be a cryptocurrency in the first place (Vitalik himself said that) and thus hold any significant value. It's been pre-mined to death, and the float is tiny. But even worse, the ETH fans don't even realize that the mining floor is somewhere down around the single digit dollar area, and troll traders took millions of ETH off exchanges for pennies for the last 2 years in anticipation of running it up to the moon. Notice that I said troll traders, not people who actually believe in ETH and are long term holders. So any weakness in buying demand, or any flaw/bug found, or any exchange hacked, and ETH will get dumped into the absolute ground.

But I disagree that this will affect BTC to the negative or in any way whatsoever. It's completely disconnected. If anything, they'll be trading back into BTC on the way down.

Perhaps not only disconnected but negatively correlated. ETH (and XRP) falling means BTC dominance in percent going up, and some investors think along the lines of "if Btc ever loses its top position then all trust in crypto is lost". A price correction of some over-inflated altcoins makes the market look more sane and less bubbly.

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