Daedelus (OP)
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April 09, 2015, 10:55:11 AM |
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Even if it promised you great things? How long can a crypto survive being closed source? Is it recommended? Can it be compatible with the 'culture' of crypto today? Answers on a postcard
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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tokeweed
Legendary
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Activity: 3948
Merit: 1406
Life, Love and Laughter...
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April 09, 2015, 11:12:48 AM |
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Closed source and crypto in one sentence... lol.
Don't ever ever trust a crypto if it's closed source.
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R |
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CryptKeeper
Legendary
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Activity: 2044
Merit: 1055
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April 09, 2015, 04:29:02 PM |
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For a "pump & dump" investment: Yes
For a longer investment: No way
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Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
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poncho32
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April 09, 2015, 06:21:01 PM |
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I brought some Qora when it was closed source because the dev said it would eventually be open sourced. I would not buy one that would always be closed source.
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monsterer
Legendary
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Activity: 1008
Merit: 1000
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April 09, 2015, 08:42:54 PM |
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So, is the dev branch of NXT open yet?
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Daedelus (OP)
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April 09, 2015, 08:45:17 PM |
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So, is the dev branch of NXT open yet?
No, but Nxt isn't asking anyone to blindly install the dev branch on their computers.
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tarzan2
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April 09, 2015, 09:09:04 PM |
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How can you trust a closed source crypto? Perhaps for short term trading but never long term investments.. Part of the main reason bitcoin was developed is because of a lack of trust in closed currencies controlled and influenced by unknown entities. It defeats the whole purpose
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free bitcoin storage service! please send to: 1TArzAn26Wvw872Yw36JiBe21SEaypJTP
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choochimil
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April 10, 2015, 07:04:36 AM |
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Absolutely. If the market conditions are right you will make a profit like any other coin.
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EMIF
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April 11, 2015, 02:30:17 PM |
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Yes , if its enough cheap , I can buy and sell high.
But , if you ask to keep them, then it depends on devs and community.
Specifically, if youre asking for NEM , Ill keep them in my wallet.
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deluxeCITY
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April 11, 2015, 08:23:34 PM |
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Even if it promised you great things? How long can a crypto survive being closed source? Is it recommended? Can it be compatible with the 'culture' of crypto today? Answers on a postcard Your promises would not really get me excited unless you had a track record of awesomeness which unfortunately you don't, that goes for anyone else who is pushing closed source out there.. BUT... If it was closed source and was vetted by a trusted member of the community and it was promised to be open source in the end and the trusted community member gives it a thumbs up then i would buy a lot of the coin before it became open but that would be a gamble and is not recommended.
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monsterer
Legendary
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Activity: 1008
Merit: 1000
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April 13, 2015, 11:18:15 AM |
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So, is the dev branch of NXT open yet?
No, but Nxt isn't asking anyone to blindly install the dev branch on their computers. 'Practice what you preach' would seem appropriate.
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3x2
Legendary
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Activity: 1526
Merit: 1004
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April 13, 2015, 11:25:32 AM |
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So, is the dev branch of NXT open yet?
No, but Nxt isn't asking anyone to blindly install the dev branch on their computers. 'Practice what you preach' would seem appropriate.
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Netnox
Legendary
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Activity: 2044
Merit: 1008
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April 13, 2015, 11:47:41 AM |
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Yes if it's promising, sometimes it's even better to wait before open sourcing the project so that it will be rare and catches on.
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HCLivess
Legendary
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Activity: 2114
Merit: 1090
=== NODE IS OK! ==
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April 13, 2015, 11:53:10 AM |
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Are you hinting at 3000% gains for early NXT investors?
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