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581  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Whales are starting cashing out... on: May 26, 2017, 02:23:47 PM
Panic sell after all
582  Alternate cryptocurrencies / Altcoin Discussion / Re: future coins on: May 26, 2017, 05:10:27 AM
I personally like the idea of TokenCard.
583  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Best source for info on upcoming reputable ICOs on: May 26, 2017, 04:29:51 AM
https://icotracker.net
is a good choice.
584  Alternate cryptocurrencies / Altcoin Discussion / Re: Chat app with 300mil active users to launch token sale via ICO on: May 26, 2017, 04:15:46 AM
When a lot of blockchain-irrelevant companies issue their own tokens, the bubble will be out of control.
585  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it possible to design a friction-less cryptocurrency? on: May 26, 2017, 03:55:21 AM
As far as I know, if one sends bitcoin to a void address, the bitcoin is gone. So the total amount of available bitcoin is decreasing (in a relatively slow manner, lol). Is it possible to design a cryptocurrency that will be automatically sent back (or can not be sent a void address) if it is sent to a void address?
Sad to accept but that concept or idea is really absent on bitcoin therefore we should really be careful on sending our bitcoins on other wallet because one mistake then it would lost forever or just floating throughout the network and cant be accessed by anybody.I cant see any alts do have this functionality or feature.If theres one then it might interest others but not generally switch specially on bitcoin users thats why transfer with your own risk. Grin
Check out Pascal Coin, it does include a lost coin solution, as mentioned by redmonski.
586  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it possible to design a friction-less cryptocurrency? on: May 26, 2017, 03:09:26 AM
You can have a look at the Pascal Coin tech. They have the same checksum to validate address and they also have a solution to lost coins. Basically they assume coin is lost if they haven't moved for 4 years, then they will go back to the ecosystem to be mined on the next block.
Wow, you are right, Pascal Coin does have a solution for lost keys. Thank you for the info!
587  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it possible to design a friction-less cryptocurrency? on: May 26, 2017, 02:54:59 AM
As far as I know, if one sends bitcoin to a void address, the bitcoin is gone. So the total amount of available bitcoin is decreasing (in a relatively slow manner, lol). Is it possible to design a cryptocurrency that will be automatically sent back (or can not be sent a void address) if it is sent to a void address?

You might set up a system, in which an address needs to be validated. The holder of the private key to an address would basically set a "Someone holds the private key" flag.

With the ability to sign Bitcoin addresses, you could actually implement this right now for Bitcoin and similar coins, using a plugin for a wallet which checks addresses for special flag messages. The problem is, that it doesn't work well as long as no one or only few people are using it.

Still, this might be an interesting idea.
Thank you for your reply. It seems that people tend to ignore this minor "defect" of cryptocurrency.

It's not much of a defect. You just as well can burn, lose, destroy paper money.

You should just triple confirm what address you're sending funds to.

You could have a sytem in which when you send coins the receiver would have to confirm to actually receive them (the system would be sort of an esrow) but even that would be pretty useless and just an annoyance.

Most of the coins lost are due to people not having backups to encrypted addresses.

If anything, people should just be more careful about handling money, simple as that.
Make sense. As the price of bitcoin goes up, it definitely encourages people to backup their private keys more carefully.
588  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it possible to design a friction-less cryptocurrency? on: May 25, 2017, 10:25:33 PM
As far as I know, if one sends bitcoin to a void address, the bitcoin is gone. So the total amount of available bitcoin is decreasing (in a relatively slow manner, lol). Is it possible to design a cryptocurrency that will be automatically sent back (or can not be sent a void address) if it is sent to a void address?

You might set up a system, in which an address needs to be validated. The holder of the private key to an address would basically set a "Someone holds the private key" flag.

With the ability to sign Bitcoin addresses, you could actually implement this right now for Bitcoin and similar coins, using a plugin for a wallet which checks addresses for special flag messages. The problem is, that it doesn't work well as long as no one or only few people are using it.

Still, this might be an interesting idea.
Thank you for your reply. It seems that people tend to ignore this minor "defect" of cryptocurrency.

Well, Bitcoin addresses have checksums to prevent mistyping an address. I don't know how high the probability is to mistype an address and still hit the right checksum, but this significantly decreases the risk of sending BTC to a void address.

Additionally, having a validation system in place wouldn't prevent users from losing privkeys.


I was actually thinking about a very radical solution to this "problem" (which, frankly, I don't consider a problem for the ecosystem as a whole – as much as it hurts the individual):

Imagine a PoS cryptocurrency with negative interest in case of inactivity. Basically, this is what it could look like:

- The amount of coins is fixed from the beginning, let's say the magic 21 000 000.
- The network is secured through Proof of Stake, with rewards being transaction fees only.
- A wallet, that is not active, as in staking or sending (not just receiving) loses a percentage of its holdings every n blocks.
- Coins that are lost this way are paid out to the address forging the block, giving the stakers an incentive to find those addresses.

This would bring any lost coin back in circulation at some point. On the other hand, the ramifications are huge. Obviously, using this currency as a long term value storage is pointless, unless you actively contribute to the network.

As an experiment, or maybe as a Blockchain as a service platform, this might actually be quite interesting.
I didn't know bitcoin has adopted a basic approach (checksums) to prevent this type of loss. Thank you for your insight.

Right, I would say the majority of the loss are due to lost private key.

It is indeed not a problem for the ecosystem, since bitcoin can be divided down to 8 decimal places. A loss, say, 20% won't hurt in principle.

Your experimental idea is very intriguing. It not only solves the lost private key problem (for the ecosystem, lol), but keeps the blockchain healthy (ample computational power leads to fast transaction?). I would say if you start a project that implements this feature and do a some kind of airdrop (fair distribution?), it could be popular, lol.

589  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it possible to design a friction-less cryptocurrency? on: May 25, 2017, 09:16:10 PM
As far as I know, if one sends bitcoin to a void address, the bitcoin is gone. So the total amount of available bitcoin is decreasing (in a relatively slow manner, lol). Is it possible to design a cryptocurrency that will be automatically sent back (or can not be sent a void address) if it is sent to a void address?

You might set up a system, in which an address needs to be validated. The holder of the private key to an address would basically set a "Someone holds the private key" flag.

With the ability to sign Bitcoin addresses, you could actually implement this right now for Bitcoin and similar coins, using a plugin for a wallet which checks addresses for special flag messages. The problem is, that it doesn't work well as long as no one or only few people are using it.

Still, this might be an interesting idea.
Thank you for your reply. It seems that people tend to ignore this minor "defect" of cryptocurrency.
590  Alternate cryptocurrencies / Altcoin Discussion / Is it possible to design a friction-less cryptocurrency? on: May 25, 2017, 08:24:52 PM
As far as I know, if one sends bitcoin to a void address, the bitcoin is gone. So the total amount of available bitcoin is decreasing (in a relatively slow manner, lol). Is it possible to design a cryptocurrency that will be automatically sent back (or can not be sent a void address) if it is sent to a void address?
591  Alternate cryptocurrencies / Altcoin Discussion / Re: Medical student $300k+ in debt... Crypto investments a way out? on: May 25, 2017, 07:49:44 PM
As a Med student, you will make a lot of money in US. Debt is really not a problem.
592  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RLC] iEx.ec blockchain-based distributed cloud announces its Crowdsale on: May 25, 2017, 07:32:25 PM
The volume is back.
593  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Kin Token is Chat App Kik’s Plan to Launch ICO on: May 25, 2017, 06:35:32 PM
The rise of the crypto bubble!
594  Alternate cryptocurrencies / Altcoin Discussion / What is the best dividend-paying coin? on: May 25, 2017, 06:17:40 PM
Recently, I find that RouletteToken and Etheroll are paying %100 of the project’s profit to their token holders, which is truly amazing. The question is:
What is the most promising dividend-paying coin?
595  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] RLT TOKEN IS ON EXCHANGE ▾ SMARTPLAY▼TECH ▾ Every player is a partner on: May 25, 2017, 06:01:58 PM
Is there any plan to develop a mobile app for this?
596  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] RLT TOKEN IS ON EXCHANGE ▾ SMARTPLAY▼TECH ▾ Every player is a partner on: May 25, 2017, 12:42:01 PM
Does anyone know how dividends are handled by livecoin?  If the coins are on the exchange will they pass through to each user account on the exchange or will they keep the Ethereum?

Thanks,
I believe the exchange will keep the ethereum.
597  Alternate cryptocurrencies / Altcoin Discussion / Re: Invest in Ripple and Steem? on: May 25, 2017, 01:08:38 AM
Steem probably has some potential.
598  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Minereum - The first Self Mining Smart Contract - NOW TRADING NEW ROADMAP on: May 24, 2017, 10:55:36 PM
Self-mining is basically a very slow airdrop, right?

Yes, that's probably an accurate way of describing it.
Thank you for your answer. I have another question:
If no one is "mining", who provides the computational power that keeps the blockchain running?

Your own pc and ethereum blockchain, but there is no need of a computacional power, each génesis address has already 32000 tokens in it, a smart contract just makes available 1.87 tokens a day, until those tokens run out, so you just need the computacional power to run a clock, nothing more.
Thank you! I got it.
599  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Minereum - The first Self Mining Smart Contract - NOW TRADING NEW ROADMAP on: May 24, 2017, 10:18:51 PM
Self-mining is basically a very slow airdrop, right?

Yes, that's probably an accurate way of describing it.
Thank you for your answer. I have another question:
If no one is "mining", who provides the computational power that keeps the blockchain running?
600  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: May 24, 2017, 10:12:13 PM
Another TKN?
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