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Author Topic: Why aren't you investing in a 2.0 platform?  (Read 1323 times)
TPTB_need_war
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March 08, 2016, 11:29:52 AM
 #21

Sorry I haven't analyzed Counterparty. I am at the limit of altcoins that I can research. I need focus more on my own work. After studying dozens of altcoins from Stellar to Factom to Iota to Dash, etc and finding flaws in all of them, I am confident there is nothing out there that is doing block chain consensus in a way that can scale decentralized, not even Monero.

Obviously Counterparty is built on Bitcoin's block chain so inherits the scalability issues plaguing Bitcoin.

Can't wait for the ANN thread of your coin. I guess you will have a lot of friendly people there  Cheesy

There won't be an ANN thread.

Corepolitics (OP)
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March 08, 2016, 11:38:03 AM
 #22

Sorry I haven't analyzed Counterparty. I am at the limit of altcoins that I can research. I need focus more on my own work. After studying dozens of altcoins from Stellar to Factom to Iota to Dash, etc and finding flaws in all of them, I am confident there is nothing out there that is doing block chain consensus in a way that can scale (to millions of users) decentralized, not even Monero.

Obviously Counterparty is built on Bitcoin's block chain so inherits the scalability issues plaguing Bitcoin.

No worries. I do agree with the scalablity issues so only consider it's usefulness for a fairly narrow subset of applications.
If you do get the time to research it I'd love to take a read through.

Can't wait for the ANN thread of your coin. I guess you will have a lot of friendly people there  Cheesy

I remember an old quote of AnonyMints: "enable the free market to experiment and innovate. Don't try to proclaim you know the perfect design for all" . I think his matter-of-fact frankness and thirst for engineering what he feels is a fix to as yet unsolvable problems gets mistaken for him arrogantly forgetting the latter portion of that quote whenever he criticizes existing approaches.Of course it is easier to identifiy flaws than it is to propose a solution avoiding them, or indeed presenting another set of flaws. Harder so to successfully implement said solution so he has to get some props for open his project up for scrutiny.




Marc De Mesel
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March 08, 2016, 11:49:15 AM
 #23

Hi Marc,

I'm aware of NXT's existence and still hold a small stake traded from jl777 some time ago  Wink (also own some XEM)  BTER hack and roll back discussion was an unfortunate circumstance kicking off a decline in price
Never was a fan of the distribution mechanism but loved the platform itself . The fast block times were a major advantage compared to platforms built on bitcoin.
I don't believe it was the first with a decentralized exchange or issuance system but agree on the PoS and messaging portion of your message. It had (and still does have) a lot of innovation going for it and I distinctly remember the well designed & intuitive wallet being a breath of fresh air.

The lack of inclusion of NXT in the list does not mean it's not a 2.0 project. It clearly is, however the list above simply showcases external industry interest/partnerships and so forth. Because traditionally this is something alts never had, so I'm trying to cherrypick the examples that are garnering interest.

As far as I could see there are no recent press releases announcing companie(s) adopting NXT as a base layer tech stack, or leveraging NXT at all outside of our own insular cryptocoin commnity boards. If I'm wrong and there is, then I'm interested I'll include it.
 

Well, you clearly are on top of it  Cool

Thanks for clarifying.


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TPTB_need_war
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March 08, 2016, 12:32:10 PM
 #24

Can't wait for the ANN thread of your coin. I guess you will have a lot of friendly people there  Cheesy

I remember an old quote of AnonyMints: "enable the free market to experiment and innovate. Don't try to proclaim you know the perfect design for all" . I think his matter-of-fact frankness and thirst for engineering what he feels is a fix to as yet unsolvable problems gets mistaken for him arrogantly forgetting the latter portion of that quote whenever he criticizes existing approaches.Of course it is easier to identifiy flaws than it is to propose a solution avoiding them, or indeed presenting another set of flaws. Harder so to successfully implement said solution so he has to get some props for open his project up for scrutiny.

Correct I am not against free market experimentation. But I think it is my duty to analyze the technologies (because no one else is ... well at least not publicly and exhaustively and because I need to know intimately all the flaws of others and how I plan to avoid those flaws). And that includes enumerating the flaws in any work I do.

I think what people get frustrated with is that they want to believe there is progress, and they don't want to hear that something is just hype to steal money from us. Especially the pumpers who bought the coin low don't want to hear any facts about technology.

cmbartley
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March 08, 2016, 12:45:05 PM
 #25

Bitshares is a scam that's all hype and fundamentally doesn't make any sense. This has been shown over and over again. It's circular, with "value" backed by their own worthless digital assets. They don't address a real-world problem.

Factom is interesting and I can see it addressing some niche uses cases but it fundamentally lacks smart contract capabilities as pointed out very adeptly by Eris: https://www.youtube.com/watch?v=Ebw1RJYzaRw

Ethereum will achieve some moderate use in the real world I'm guessing. I bought at 2.5 and sold at 6.5.

I bought some Lisk.io in the presale, I think it's garbage but was looking for a completely wild opportunity.

Right now I'm mostly in XRP (Ripple). Many dislike this asset but if you look at the progress they've made in the past few months it's phenomenal. Ripple is actively working with banks, regulators, Microsoft... Their asset solves a real world problem to boot and it's wildly undervalued mostly due to lack of enthusiasm from altcoin ideologues. In a month or so they will launch their incentive program which will operate similar to mining which will likely boost adoption.

Mark my words, Q2 we'll start to see Ripple emerge into a category of it's own as a protocol and XRP just may well benefit. Ripple quietly launched 11 new validators on 3/7/2016, conspicuously close to the 10 banks integrations they say they've completed...
TPTB_need_war
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March 08, 2016, 01:19:10 PM
 #26

Factom is interesting and I can see it addressing some niche uses cases

Factom's security is so flawed that it is useless junk:

https://bitcointalk.org/index.php?topic=1388635.msg14112369#msg14112369

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March 08, 2016, 04:41:45 PM
 #27

Sorry I haven't analyzed Counterparty. I am at the limit of altcoins that I can research. I need focus more on my own work. After studying dozens of altcoins from Stellar to Factom to Iota to Dash, etc and finding flaws in all of them, I am confident there is nothing out there that is doing block chain consensus in a way that can scale (to millions of users) decentralized, not even Monero.

Obviously Counterparty is built on Bitcoin's block chain so inherits the scalability issues plaguing Bitcoin.

EXACTLY !

That is a key point you said in relation to this topic subject.
And highlights a glaring and rapidly growing problem.

I looooong ago stopped caring about the tech side and dropped all my crypto related coding etc
How do you do this now with out knowing what all the other guys are doing ?
I think the user base of who is involved into the experimental code really deep is shrinking hard & fast.
It's become too much to keep up with and even worse..
It's getting to hard to an average Crypto supporter to explain what or how something works (so they can decide on it)
See what i am saying ?
Crypto trends over time..

For example.. MUSIC
Back in the 90's i'd check out every band i heard about with Heavy Metal.
NOW ? i ignore 99% of it.. no exaggeration !
I have an RSS Feed on my home page of all new Metal albums released 24/7 all year round.
And i almost never have heard of the bands and i know Metal well too !
Problem is there is just sooooo much of it all in our modern age.
And this is glaring problem in all aspects of life it seems too.

The world has changed and there is often just sooo many choices a lot of people check out & lose interest.
Convoluted Crypto code is not helping adoption.. especially if it = another coin (#7,001)
And don't forget guys another coin i still.. "another coin" sorry but it's true !

FUD first & ask questions later™
Corepolitics (OP)
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March 12, 2016, 03:30:20 PM
 #28

Sorry I haven't analyzed Counterparty. I am at the limit of altcoins that I can research. I need focus more on my own work. After studying dozens of altcoins from Stellar to Factom to Iota to Dash, etc and finding flaws in all of them, I am confident there is nothing out there that is doing block chain consensus in a way that can scale (to millions of users) decentralized, not even Monero.

Obviously Counterparty is built on Bitcoin's block chain so inherits the scalability issues plaguing Bitcoin.

EXACTLY !

That is a key point you said in relation to this topic subject.
And highlights a glaring and rapidly growing problem.

I looooong ago stopped caring about the tech side and dropped all my crypto related coding etc




IMO it's only recently we are starting to see a little bit of originality in the altcoin space.
The sad thing is, as you pointed out  many old-timers are too burnt out with what has been a  torrential downpour of copy paste shitcoins (basically litecoin forks) to spend any time analysing recent projects
I think it's a mistake because I believe the market is slowly finding it's legs in a maturation phase and recently few projects are emerging which actually cater to a genuine niche and it's unwise to totally ignore developments there, especially when real use cases are demonstrated and even external entities can appreciate the potential.
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