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I think you have no clue what the coordinator does. It does not create TX, does no POW, and does not confirm TX. It decides the growth direction of the DAG.
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With EVERY blockchain you need either to increase the block size, or drecrease the block time to ram through more TX/sec. But doing it will hit a propagation limit at some time. When you calculate the next block hash you will have only very little time to distribute this block. A hardcap will be reached no matter what.
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>1. Can blockchain-based currencies really work with billions of users?
No, they do barely work now.
>2. Will it become a choice between impractically expensive fees or impractically slow transaction confirmations?
Both has happened already.
>3. Are the proposed plans for BTC and ETH scalability just short-term fixes that will eventually run into the same problems later on?
Aye. At first they will increase block sizes. They may also reduce block time. But at some point network propagation will be a big problem.
The new buzzword is "Lighting Networks". This is why Litecoin was pumped to over 2 billion. Lighting networks means the introduction of banks as a part of a blockchain. The customers of a lighting bank, or lighting network as they call them, will be able to instantly exchange tokens with another customer of that bank. Just the same way like transfering BTC within the same BTC exchange. The bank will then at a later time generate blockchain TX if necessary.
>4. Are DAGs the solution?
To an extent. They can replace blockchains, but have their own problems.
>5. How much time will IOTA transactions take if each user has to process their own share of the "tangle"?
That depends on the number of users in the network. Fast transaction are only possible when there is a lot of activity in the DAG.
>Can tiny IOT devices even handle such processing requirements?
Currently they can't. From IOTA #tanglemath channel I've received an answer similar to this:
Tiny IOT devices like temperature sensors will connect to a proxy node and send the data. The proxy node will take the data and create a TX by doing the POW.
At a later time the sensors will be able to generate the POW themselves by using the JINN processor. This will be a trinary processor with extremely low power usage. Apparently they work since 2 years on that hardware, with CFB/BCNext as the chief architect.
>6. Others have suggested that currencies such as DCR, PIVX or BURST solve the problem in different ways. If so, how?
From these 3 I know only PIVX, which is Proof of Stake. It's nothing new, basically a copy of NXT with some modifications. POS coins have way faster TX time than blockchains, but they suffer from centralization.
>7. Are there any other solutions?
I'm biased about this, but the only endgame solution, meaning one that will still work without problems 30 years from now is Radix. You will see it in action soon.
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I suggest calling it just wallet (not basic wallet).
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Listen,
You have to re-create an account under the same e-mail address as you did on the ICO reclamation process, and the original ICO dashboard, once you do that you will notice a 0 DCT balance, this is because the DEV's want to do a secondary security check to verify all the accounts are being set-up safely and securely. Once they sort that out batch by batch they will send out the DCT.
So just wait... have patience, you guys are just panicking to go and sell your DCT, the DEV's just want to ensure you're safe and secure before they give the DCT to you, since this is the 3rd time we've had to register with our e-mails on their platforms.
If you guys are still confused, good luck and go dump! Lol
If this is the case they should have told in the email that users need to create a new account. Instead they told the users to login with their existing credentials. |
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I will recap what is happening now.
1. Decent tells users by email that they can now login to DecentGo with the credentials created during reclaim process
2. People try to do it, but the accounts created during reclaim process do not exist on DecentGo, so they get user not found errors
3. No problem, since they have received a recovery phraze during ICO reclaim. So people try to recover the account, but get the error that the phraze is wrong.
4. Someone came up with the idea that you have to create a new account with the same credentials as before.
5. People create new account and even if using the same email/pwd combination get a completely new recovery phraze
6. Besides the recovery phraze a private key is displayed in small letters, which needs to be saved, but many people overlook it, and save only recovery phraze. To get the private key again, they will have later to generate the recovery phraze again.
7. After logging in they see their account has 0 balance and now wait up to 7 days in the hope coins will show up, as apparently the sending process will be done manually by comparing the email addresses of ICO reclaim with the email addresses of the newly created accounts.
8. Maximum confusion with no word from devs. I think it's the most confusing launch in crypto history.
This is exactly right. But fact is that the DEVS SEND OUT 25 MAILS WITH THE INSTRUCTIONS AND PEOPLE CAME UP WITH THEIR OWN DUMB SOLUTIONS. They just gotta be patient for their account to activate. Chances are that there are going to be conflicts because there are duplicate credentials. They have sent out emails to everyone with the message that DecentGo has launched and that they can login with their credentials.
The email was plain and simply wrong! DecentGo has launched, but with no database. |
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Your private key was displayed during login. If you have not saved it, you have to generate a new recovery phraze, and it will be displayed again.
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I will recap what is happening now.
1. Decent tells users by email that they can now login to DecentGo with the credentials created during reclaim process
2. People try to do it, but the accounts created during reclaim process do not exist on DecentGo, so they get user not found errors
3. No problem, since they have received a recovery phraze during ICO reclaim. So people try to recover the account, but get the error that the phraze is wrong.
4. Someone came up with the idea that you have to create a new account with the same credentials as before.
5. People create new account and even if using the same email/pwd combination get a completely new recovery phraze
6. Besides the recovery phraze a private key is displayed in small letters, which needs to be saved, but many people overlook it, and save only recovery phraze. To get the private key again, they will have later to generate the recovery phraze again.
7. After logging in they see their account has 0 balance and now wait up to 7 days in the hope coins will show up, as apparently the sending process will be done manually by comparing the email addresses of ICO reclaim with the email addresses of the newly created accounts.
8. Maximum confusion with no word from devs. I think it's the most confusing launch in crypto history.
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Selling 10000 XEL for 2.4 BTC. Escrow only.
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I think the lite wallet should be renamed to trade-wallet or basic-wallet. It's not really a lite wallet, but a wallet that is not yet fully featured.
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You should add this to the website, at a good visible point. |
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Selling 10k XEL for 2.5 BTC. Escrow or you send first.
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The fact that you admit the original dev disappeared after distributing some of the original donations is extremely troubling.
It is! As troubling as the disappearance of Satoshi. |
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WTS 12000 XEL for 3 BTC with Escrow.
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It was on medium. https://medium.com/@WhalePanda/consensus-2017-recap-36e91b91aa9aWhalePanda: Take Golem for example: $400 million+ marketcap and not even a properly working product, just because it’s on Ethereum. Elastic for example is a similar project, they raised 700+ BTC in donations but they basically have a superior working product close to launch. |
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Selling 10000 XEL for 2.7 BTC. Escrow only.
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Guys, what is this "HEAT Asset Exchange"? Someone know that exchange? Do not get scammed there! Be careful! Eset NOD32 blocks that site ( http://www.heatnodes.org/) |
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Other fixes for the front page: Elastic features the “Elastic PL” programming language Normal nodes broadcast unverified POW/bounties Super nodes verify work and broadcast verified POW/bounties Guard nodes cross verify certain percentages of signed POW/bounties by supernodes to detect malicious behaviour edit: Also fix one of the buttons. It's THEORETICAL, not THEROTICAL On the whole I suggest you use http://www.online-spellcheck.com/ on the whole website. |
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Selling another 5000 XEL for 1.5 BTC. Escrow only.
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Old offers already sold.
New offer: 10 000 XEL for 3.1 BTC (no small order, only the whole pack). Only with reputable escrow (Seccour for example).
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