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April 21, 2016, 02:00:29 PM
 #61

I have of course been thinking a lot about how the competing technologies for block chain scaling compare to mine (linked bulleted items below are to the prior research I did):


Lightning Networks

I have a unique insight on the apparent fact that LN is unique in that it is the only one wherein not all participating "full"[1] nodes have to see all the microtransactions processed by all the nodes, thus it scales exponentially and qualitatively better in the sense that not every "full" node on the network has to have the same (least common denominator) baseline of network connectivity and CPU processing power (although BTS claims 100,000 TX/s single-threaded throughput for block chain updates on commodity CPUs so perhaps CPU isn't a practically limiting factor in any case).

LN is not compatible with existing block chains (including my opinion it will wreck havoc on Bitcoin) because it will requires extreme levels of block chain scaling because it will drive a proliferation of payment channel opening and closing transactions and even competing payment channel networks, each requiring a distinct TX on the block chain. Thus while LN scales the microtransaction volume well, it paradoxically requires a block chain that can scale well also. Thus I have come to the conclusion that LN is only really compatible with my PoW block chain redesign. Although my block chain design can scale transactions very high, it will also have this aforementioned (least common denominator) baseline which will probably limit the network to about 100,100 TX/s on commodity servers for "full" nodes.

LN also has the downsides that it isn't end-to-end principled and can't be always available to between every payer and payee, which is where when combined with my block chain design, then mine fills the gaps to provide the end-to-end capability and the complete availability. It can't provide anonymity (well at least not the ring sigs and value hiding that we can get on the block chain). And realistically LN will require trusted commercial servers to make it function well (not trusted with any funds, but trusted to not DoS and to optimize payment flows with complex algorithms and global knowledge, reduce latency, etc). Thus LN will be a spy network for government and corporations. But sometimes users don't care and they may need this extra scaling (and probably even lower TX fees) for the tiniest and highest volume of microtransactions.

Each of my design and LN separately (and especially together as I am proposing above) can continue to function reasonably well in the event of a partitioned internet and network downtime without allowing double-spends to wreck chaos on the partitioned forks, whereas the existing (PoW and PoS) block chains end up in chaos with double-spends on each partitioned fork.

Iota (DAG) tangles

My analysis thus far (subject to change if I learn something new about this) is that the only significant  advantage offered by this interesting new technology is that the issues with large block sizes for block chain scaling are avoided, which my block chain scaling design fixes without incurring some of Iota (DAG tangles) faults. The "full" nodes still need to see all the transactions on the network. I don't really see how it can handle network partitioning since there is nothing to prevent double-spends on multiple partitions. And the confirmation times are not yet characterized in a way we can quantify in comparison, so I can't say how fast it can confirm transactions. I expect my design to be less than 1 second.

Bitshares 2.0

Digging through the hype, the actual performance is only less than 100 TX/s on today's commodity hardware and networks.

Dash Evolution

Main issue is it doesn't address the large block chain blocks aspect of the block chain scaling issue facing for example Bitcoin. And the claimed immunity to 51% attacks is really just the factual obfuscation that masternodes are making too much money (officially endorsed form of cheating) to cheat the design flaws. The lead developer of Dash replied.


[1] "Full" node means different things in these different designs, but I have equated them in the sense of the node that must have global knowledge about either all the transactions or in LN's case all the payment channels.

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April 21, 2016, 04:08:39 PM
 #62

XCR
Isnt there talk of Lisk Burning the crypti donations? in this sense wouldnt crypti's value begin to gain?

In principle you are right. but it's not all about scarceness, the XCR development basically does not exist anymore


Is there something concrete from the former developers, heard the led-dev want to make a new project, what happened with the other people involved, are they all at LISK now?

I dont think XCR will have a better future after Lisk comes out.

I'm pretty sure it wont...traders now are the few who are not aware of recent development and were sucked in to the last rally, may god save their souls.
Whats preventing some other devs to take over?

Lack of interest

https://cryptichain.lisk.io/networkMonitor
https://cryptichain.lisk.io/activityGraph

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April 21, 2016, 04:37:51 PM
 #63

DEX _btc
https://bitsquare.io/
Bitsquare is built for those who:

    Want to exchange a national currency such as dollars, euros, or yen for bitcoin.
    Want to exchange a wide range of alternative crypto currencies for bitcoin.
    Do not want to trust any exchange for holding your funds.
    Do not want to forfeit control or privacy to a central authority in order to trade with other individuals.
    Regard financial transactions as a form of private speech that should be protected from surveillance by banks, governments, and other institutions.

Bitsquare is designed to be:

    Decentralized – there is no single point of failure.
    Safe – Bitsquare never holds your funds.
    Instantly accessible – no need for approval from a central authority.
    Private -no one except trading partners exchange personally identifying data.
    Open – every aspect of the project is transparent.
    Easy – we take usability seriously.

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April 23, 2016, 11:16:03 AM
 #64

damning underbelly of "Anon" tech

The elephant in the room is monetary properties, not technical ones. It's very simple, for tier 1 monetary assets:

Good crypto = Public Blockchains
Bad Crypto = Obscrued Blockchains

For higher order tiers (backed money, e.g. Bitcoin CT), obscured blockchains are acceptable.

So you should therefore be discussing the merits of Good/Bad crypto within the domain of Public Blockchains explicitly or Good/Bad crypto within the domain of Obscured Blockchains explicitly since they are distinct monetary domains and obscured blockchains do not have any native (unbacked) monetary properties in the first place - even if it is "good crypto".

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April 25, 2016, 02:37:48 PM
 #65

eth v xcp

Nobody needs Counterparty

Counterparty was launched around the start of 2014 and is one of the Crypto 2.0 platforms that runs on top of Bitcoin. Their notable feature that sets them apart from most other Crypto 2.0 platforms is their reliance of Proof-of-Burn to issue their currency. The platform offers decentralized exchange between XCP, BTC, and user created assets, although no direct asset-asset exchange, as well as some financial contracts. Their most notable and active assets include LTBCoin, Gemz and BitCrystals

http://tpbit.blogspot.ca/2016/04/nobody-needs-counterparty-discussion-on.html
---
brighton36 [score hidden] 52 minutes ago

This article is silly in a bunch of ways. But rather than write a long winded reply, I can sum up the principle reason this is a dumb response: Counterparty's mining is performed by bitcoin miners.

Piachu seems to believe burning energy is a benevolent process, and people will mine because they want to be different. Counterparty believes mining is a scarce and expensive resource, for which people will only burn energy if they have to.

Since Counterparty relies on Bitcoin, and bitcoin is a technology for whom energy is burned because of actual need (ie they're underserved), counterparty doesn't have to deal with need-based issues of Ethereum(who doesnt serve the underserved).

It's not complicated, and it's not a long-winded explanation of user preferences to "think different". It's simple economics that piachu continually fails to grasp because he thinks blockchains are a computer science innovation and not an economic innovation.


https://www.reddit.com/user/brighton36
community director of Counterparty

--
https://www.ripplecharts.com/#/

--

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April 28, 2016, 04:18:59 AM
Last edit: May 02, 2016, 08:41:22 AM by BitcoinNational
 #66

Steallar  airdrop

http://www.ibtimes.co.uk/stellar-give-away-19-billion-lumens-bitcoin-holders-1556899

Quote
Stellar.org, the non-profit technology provider aiming to connect financial institutions using consensus-based cryptography, has announced it will be giving away 19 billion of the network's native currency, lumens, to holders of bitcoin.

The lumens will be distributed in several rounds, said Stellar CTO Jed McCaleb in a blog post. The first round will include three billion lumens, and will follow a snapshot of all coin balances taken on 4 July. The lumens, which constitute 19% of the initial lode in existence, will be distributed in proportion to how much bitcoin individuals are holding. On 5 July Stellar will publish a claim page, allowing bitcoin holders to verify that they control a given bitcoin address and send that address's share of lumens to a Stellar account.

So Stellar.org would be building a database of who controls which wallet and can then track where those funds have come from (and where they are going).  It takes the Anonymous out of Crypto - No?

Sounds good ..the rich get richer...

You got a lot of btc you will be given a lot of free lumens... sounds fair.



http://www.ibtimes.co.uk/stellar-give-away-19-billion-lumens-bitcoin-holders-1556899

Quote
Stellar.org, the non-profit technology provider aiming to connect financial institutions using consensus-based cryptography, has announced it will be giving away 19 billion of the network's native currency, lumens, to holders of bitcoin.

The lumens will be distributed in several rounds, said Stellar CTO Jed McCaleb in a blog post. The first round will include three billion lumens, and will follow a snapshot of all coin balances taken on 4 July. The lumens, which constitute 19% of the initial lode in existence, will be distributed in proportion to how much bitcoin individuals are holding. On 5 July Stellar will publish a claim page, allowing bitcoin holders to verify that they control a given bitcoin address and send that address's share of lumens to a Stellar account.

ok, let me translate this.

it is practically saying you give us your information about how much bitcoin you own and in what addresses and we don't say what we are going to do with all that information that we gather from all the users. i remember they did a similar thing with gathering social media info like facebook when they gave out stellar too.

then it says if you are a rich person, a whale if you will, we are going to give you more money because you are rich, to make you richer.


personally i think this is a crappy idea because if you want to spread the coin, then do a giveaway or do it as prize for contribution or something or start spreading it on reddit or bitcointalk not this way.

Stellar to give away 19 billion lumens to bitcoin holders
Initial distribution of stellar (now lumens) was using facebook accounts as sign ups.  Overseas facebook account collectors whom use the accounts to sell friends, likes, etc. made out well becoming the whales of the stellar community whom obviously sold all their easy stellars to currency.  Now Jed is going to give them to Bitcoin owners who will obviously sell all their lumens for bitcoin.  Expect the price to drop.

Then you have Ripple (professionals that know profit), no longer controlled by Jed, about to distribute in a much more meaningful way.  Distribution will go to market makers who hold orders which in return provides better spreads, more liquidity, and a more stable coin.

Jed is a GENIUS PROGRAMMER but when it comes to business his choices are always the same.... e-Donkey and Mt. Gox.  Profitless failures.

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April 28, 2016, 05:06:35 AM
 #67

xrp
RESELLERS/SERVICE PROVIDERS/PARTNERS

Accenture
“We have extensive relationships with the world's leading companies and governments and work with organizations of all sizes—including 89 of the Fortune Global 100 and more than three quarters of the Fortune Global 500.”

CGI Global
“CGI has a long history of shaping and driving innovation in banking and payments, helping to build SWIFT, CHAPS and other payment systems.”

Crypto Facilities
As a leader in digital asset derivatives, Crypto Facilities will create a marketplace for XRP derivatives.

D+H
“A leading provider of technology solutions to financial institutions globally, today announced that it has partnered with Ripple to deliver innovative payment capabilities by integrating Global PAYplus, its global payment services hub, with Ripple's distributed ledger technology, creating a foundation for further disruptive payments innovation.”

Earthport
“Among the FinTech50, Earthport is a regulated Financial Institution under the auspices of the UK’s Financial Conduct Authority, transforming the future of cross-border payments.”

Expertus
Clients include - Bank of Montreal, Pavilion Global Markets, Central 1, CIBC, Canada Pension Plan, Desjardins, General Electric, Hedgeserv, ICD, Laurentian Bank of Canada, Mizuho Bank, National Bank of Canada, PSP Investment, Royal Bank of Canada, Scotia Bank, Software AG, United Nations, Viacom, Dupont, First National Bank, International Air Transport Association, Investors Group, Sony, Canadian Payment Association, Manulife Bank, Western Union, Virgin Atlantic, Firma Foreign Exchange, Silicon Valley Bank, Care

IntellectEU
“10+ years of hands-on financial integration experience. International presence (USA, Belgium, Portugal, Ukraine). Servicing Financial Institutions, Corporations, and Vendors SWIFT and Ripple integration experience and partnership.”

SBI Holdings
“Ripple, global provider of financial settlement solutions, and SBI Holdings, Inc., global financial services company, today announced the creation of SBI Ripple Asia. The new company will build an engineering and sales force across Japan, China, Taiwan, Korea, and ASEAN countries to sell and install Ripple’s enterprise solutions for cross-border payments at banks across the region.”

Tas Group
“TAS Group delivers software solutions for electronic money, payment systems, capital markets and ERP.”

Volante
“Volante Technologies, a software company specialized in the integration and processing of financial messages, data and payments within institutions and corporate enterprises.”

Yantra
“Yantra Financial Technologies specializes in designing, developing and managing banking & electronic payment systems.”



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ANZ
“The fourth largest bank by market capitalisation in Australia.”

CBW Bank
“The innovative Weir, Kansas bank (it was the original institution behind BankSimple and Moven, and partners with cryptocurrency firm Ripple Labs on cross-border payments) will formally launch a new payment tool called the ONE Card this quarter. (Published Feb. 25, 2015)“
“It offers something most banks can't, and which the Federal Reserve has begun nudging the industry to build: real-time payments.
To create this capability, $12 million-asset CBW has signed agreements with all the major U.S. debit networks for the ability to use their rails to instantly credit bank accounts."

Commonwealth Bank of Australia
The number 1 bank in Australia $129.89 billion market capitalization. “The Commonwealth Bank of Australia is an Australian multinational bank with businesses across New Zealand, Fiji, Asia, USA and the United Kingdom.”

Cross River Bank
“One of the first U.S.-based banks that will use the Ripple protocol to offer its business and personal banking customers real-time international payments between the U.S. and Western Europe.”

DBS Bank
“DBS Bank is the largest bank in South East Asia by assets and among the larger banks in Asia.”

Fidor Bank
Fidor Bank is a German online bank.

Rabobank
“Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands.”

Royal Bank of Canada
“Royal Bank of Canada, is the largest bank in Canada. The bank serves over 16 million clients and has 78,000 employees worldwide.”

Royal Bank of Scotland
“The Royal Bank of Scotland has around 700 branches, mainly in Scotland though there are branches in many larger towns and cities throughout England and Wales.”

Saldo.mx
“Cross currency wallet for underserved migrant communities built on Ripple.”

Santander Bank
“Santander is the largest bank in the euro zone by market capitalization and among the top 12 banks on a global basis.”

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“Registered in Shanghai (Pilot) Free Trade Zone with a capital of 3 billion yuan ($484 million), will mainly serve small and micro enterprises that have difficulty getting loans from large State-owned banks.”

Standard Chartered Bank
“Standard Chartered PLC is a British multinational banking and financial services company headquartered in London. It operates a network of more than 1,200 branches and outlets across more than 70 countries and employs around 87,000 people.”

TD Bank Canada
“TD Canada Trust is the personal, small business and commercial banking operation of the Toronto-Dominion Bank in Canada.”

Western Union
“The Western Union Company is an American financial services and communications company.”

Westpac
“An Australian bank and financial-services provider headquartered in Westpac Place, Sydney. It is one of Australia's "big four" banks.”



IMPORTANT CONNECTIONS

Microsoft
“Develops, manufactures, licenses, supports and sells computer software, consumer electronics and personal computers and services.”

MIT
MIT Media Lab creates disruptive technologies that happen at the edges.

GV (Google Ventures)
“GV, formerly Google Ventures, is the venture capital investment arm of Alphabet Inc.”

W3
“The World Wide Web Consortium is the main international standards organization for the World Wide Web.”

Andreessen Horowitz
“Andreessen Horowitz is a $4 billion venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz.”

CME Group
“CME Group is the world's leading and most diverse derivatives marketplace.”

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“Founded in 1993, IDG Capital Partners was one of the first foreign venture capital firms to enter the Chinese market and focus exclusively on Chinese companies.”

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“Seagate is the global leader in data storage solutions, developing amazing products that enable people and businesses around the world to create, share and preserve their most critical memories and business data.”

Santander InnoVentures
“We aim to support the digital revolution to make sure Santander customers around the world benefit from the latest know-how and innovations across the Banking Group’s geographies.”

Susan Anthey (Advisor/Board of Directors)
“She advises governments and businesses on the design of auction-based marketplaces, notably since 2007 serving as a long-term consultant to Microsoft Corporation in a variety of roles, including chief economist.”

Michael Barr (Advisor)
“He served from 2009-2010 as the U.S. Department of the Treasury’s Assistant Secretary for Financial Institutions, and was a key architect of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.”

Donald Donahue (Advisor)
“Previously, Donahue served as the COO and then the CEO of The Depository Trust & Clearing Corporation, the principal post-trade infrastructure organization supporting U.S. securities and derivatives markets, which processes transactions worth more than $1.6 quadrillion annually.”

Karen Gifford (Advisor)
“Her work at the New York Fed included the successful defense of a claim by the Central Bank of Iran arising out of the hostage crisis for over $1 billion, and co-heading an investigation into misconduct in the sales and trading of complex leveraged derivatives at Bankers Trust.”

Karl-Theodor zu Guttenberg (Advisor)
“As youngest Defense Minister in German history, he led the most significant structural reform of the German armed forces since the Bundeswehr’s founding. During his time in office he was Germany’s most popular politician.”

Greg Kidd (Advisor)
“Prior to Promontory, he was a senior analyst at the Board of Governors of the Federal Reserve. Greg also is a co-founder of a startup fund with early round investments in Twitter, Square, Coinbase, Coin, Shift, Stockpile, Ledger X, Kabbage, 3taps, and numerous other marketplaces, messaging, and payments companies.”

Anja Manuel (Advisor)
“Anja Manuel is a Co-Founder and Partner along with former Secretary of State Condoleezza Rice, former National Security Advisor Stephen Hadley, and former Secretary of Defense Robert Gates in RiceHadleyGates LLC, a strategic consulting firm that assists senior executives at major U.S. companies in key emerging markets such as China, India and the Middle East.”

Matthew Mellon (Advisor)
“He founded Mellon Drexel, a digital telecommunications company working to issue three billion mobile wallets worldwide, is a strong advocate of digital currencies, and serves as Chairman of the Chamber of Digital Commerce.”

Mariano Belinky (Board of Directors)
“Mariano Belinky is Managing Partner at Santander InnoVentures – a FinTech venture capital fund fully-owned by Grupo Santander, investing both capital and resources in companies globally.”

Doug Chertok (Board of Directors)
“Doug has founded, advised and invested in early-stage companies for over twenty years. He also founded Vast Ventures, a seed fund investing in technology and consumer products with an IRR exceeding 90% over ten years.”

Young Guo (Board of Directors)
“Prior to joining IDG Capital, Young was a member of the Soros Fund Management in New York from 1996 to 1999, where he was involved in managing a $3 billion private equity fund.”

Chris Larsen (Board of Directors)
“Chris Larsen is CEO and co-founder of Ripple and Chairman of the Board of Directors. Prior to Ripple, Chris cofounded and served as CEO of Prosper, a peer-to-peer lending marketplace, and E-LOAN, a publicly traded online lender.”

David Schwartz (Board of Directors)
“In July of 2013, David Schwartz was elected to the Board of Directors of Ripple by the stockholders. He is currently the Chief Cryptographer at Ripple and one of the original architects of the Ripple protocol. He began work on Ripple in late 2011, investigating the use of distributed agreement protocols to solve the double spend problem in cryptographic payment systems.
Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA). Known as “JoelKatz,” he is a respected voice in the digital currency community.”

Gene Sperling (Board of Directors)
“Gene Sperling served as National Economic Council Director and National Economic Advisor under President Clinton from 1997 to 2001 and then under President Obama from 2011 to 2014.”



OFFICE LOCATIONS

San Francisco, California
London, England
Sydney, Australia


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April 28, 2016, 05:12:00 AM
 #68

fNXT  (theory)

fNXT will be the main blockchain. The NXT currency will not be an asset, but a "child chain". Child chains are transaction ledgers like the main block chain, but these transactions will only included in the main chain if there is someone who pays a fNXT fee and bundles them with the main chain (so-called "bundlers"). The bundlers get the fees in the child chain currency. So a NXT bundler who creates a "child chain block" (which is a special kind of fNXT transaction) gets all NXT fees from the transactions in this block.

As I understood it, the child chains will be the actual Monetary System (MS) Currencies, while assets will be available in all child chains and can be traded for every other MS currency. Assets will not be child chains but a separate category.

fNXT will be used mainly for forging, and only basic transactions are possible with this chain, no asset trading or other fancy things.

There are two very important advantages with respect to the current system:
- Actual MS currency transactions must pay fees in NXT.  In NXT 2.0, MS currency users can pay transaction fees in their own currency.
- The child chains will be pruneable, only the fNXT main blockchain not. So the blockchain as a whole will be way smaller than actually. Archival nodes can opt to save the whole blockchain data. But for ordinary NXT users it will be way easier to maintain a node, and the scalability problem would be largely solved.
- I am not sure, but I think I read that this design will allow also direct asset-to-asset trading and trading of assets with MS currencies.

Well, these are more than 2 paragraphs, but perhaps now it's a bit easier to understand.


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April 28, 2016, 08:51:26 AM
 #69

LISK
I've been doing some diligence on this project and seeing if there is any overlap in my personal and my company's goals and LISKs. Max and Oliver seem to be nice guys. I haven't examined the code yet nor have a deep understanding of their goals, the protocol and the overall risks.

I can maybe add a little bit.  I have spoken with Max on a few occasions and he seems like a nice guy (as CH said).  

As for the code, Max told me it is pretty much bitshares 1.0 with all the advantages and disadvantages this brings. They also apparently are planning for javascript to be a big part as well, which might prove pretty cool for connecting blockchains to web in a way that opens it up to more devs in the space. When I told him about Graphene he didn't know much about it (Graphene is essentially bitshares 2.0).  

I hope this gives a little more insight.  I know it is not much but perhaps with a few more comments adding details that haven't been covered will give everyone a clearer picture. Smiley

btw, good to see you still nerding around in crypto Charles.  Hope all is well.

charleshoskinson
https://www.udemy.com/bitcoin-or-how-i-learned-to-stop-worrying-and-love-crypto/

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April 28, 2016, 12:03:48 PM
Last edit: April 30, 2016, 05:13:07 AM by BitcoinNational
 #70

steem of BTS?
https://bitcointalk.org/index.php?topic=1410943.0 "Consensus Algo"


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April 30, 2016, 05:08:33 AM
 #71

Nxt 2.0
Nxt 2.0 short description:

- There is a new main blockchain called fNXT, used only for forging and simple transactions (without involving assets). So this is meant to be a much smaller blockchain than actually.
- NXT and all MS Currencies will be child chains from fNXT.
- The child chains are pruneable, although every full node owner can opt to keep all transactions forever ("archival nodes").
- Assets will be global and it will be possible to trade them with each "child" currency, not only NXT. I think also asset-to-asset-trading was meant to be possible this way.

Advantages:
- Better scalability, because of the smaller disk space requirement for simple (not-archival) full nodes.
- important: MS currency transactions pay their fees in their own currency, not in NXT. That will make them much more usable than today.
- Asset trading to MS currencies and other assets (?)

Disadvantages:
- The fNXT chain needs a new auxiliary currency. The plan is to distribute it among NXT holders, but not asset holders. So asset holders are the main opposing group to the 2.0 plans because they won't get fNXT when NXT 2.0 is launched. There is still discussion about this issue.

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May 01, 2016, 07:16:00 AM
 #72

STEEM
STEEM IS A SCAM

Here is what i first read by eclipse crypto dev

"The reasoning behind not having windows binaries is that the devs continue to use their insider knowledge to fuck over the community.

The list of how they do this is growing longer.

Most recently you will notice that they offered someone a position as a witness. How are they able to offer this position? Because they have now secured all control over this coin by using this concept of vests. This coin is COMPLETELY CENTRALIZED NOW.

Here's how they did it:

First, they did a typical instamine/flashmine/freemine scam (yes scam) where they released

(1) no compiled wallets
(2) no instructions to build
(3) incomplete and inaccurate instructions to mine

This wasn't bad enough. After the first 12 or so hours of mining, all their miners crashed, exposing that they were mining to 100 different witnesses to hide the fact that they (he) was one entity. The devs wouldn't have been caught except that their mining instructions were wrong, and no one else was mining because, even if they couldn't get the client to build, they entered mining commands that caused them to get no blocks. The devs will claim this isn't on purpose, but check the original thread. You'll see that no one mined a block when the dev's miners were down.

Then, as I have stated many times, when their miners crashed again, I mined a significant amount of steem that night in their absence. To prevent my vesting that and driving the price of vests up on them, they relaunched to ensure COMPLETE CONTROL AND CENTRALIZATION.

After the relaunch, no one would challenge them on mining because if they did, the devs would just relaunch this scamcoin again. So, no one who pays attention (and the people who have the means to procure whatever hashes they want are also the people who are paying attention), would challenge them on the hashes. As they hoped, no one did and they completely dominated the hashes for 1 week.

Now after 1 week of hashing, they dump all their coins into vests, where the price of a vest goes up with the amount vested. This is not your typical stakeholding where one unit of currency is worth one stake. This is on purpose so that they can COMPLETELY CONTROL THIS COIN IN A CENTRALIZED WAY after just 1 week.

Vests don't cost 1 STEEM anymore like they did when the devs bought them. They now cost 5 STEEM. That means that you will need to dominate all the hashes for 5 weeks just to match the control the devs have after 1 week. They have driven your costs up by 5, not using the market, as should be done, but by using this freemine/threat-of-relaunch scam.

So, why don't we all just mine for 5 weeks and decentralize control ourselves? There are two main reasons.

First, anyone who is paying attention (this includes all smart people with BTC to throw at things like this) won't dump money on a scam like this. So you are going to get a bunch of gullible small timers who don't have the foresight to convert to vests anyway, even if vests were legit. The small timers just want to get a profit asap.

Second, there's only 3 more weeks left of true mining before delegated mining kicks in. Delegated mining is when the devs pick 19 "witnesses" to mine. Maybe they might pick one or two legit miners, but the most likely scenario, given the scam they have perpetrated so far, is that they will pick at least 17 instances of themselves to mine.

In other words, it's impossible now to decentralize this coin because the devs have rigged it since the beginning. Not only that, they will be getting all the coins, unchallenged, for as small of a price as they want to pay.

By the way, I'm keeping track here. The devs are going to have to stay low and so will this coin. If it ever gets big, then these devs will be fucked because they will not be able to deny they control the entire currency."


Then I read this a page later from eclipse crypto dev

"And I've been mining while I've been fudding.

Hate me? Consider it "chess". Wink

TOTAL                  1357.000 STEEM    3676.733594 VESTS            0.000 SBD "


Eclipse crypto dev latest one

"I think you have a great idea here and am interested in being a witness, so I'm going to lay down my creds.

First of all, the Eclipse Crypto account is a join developer account. I originally used it to post in this thread because I was logged in as this account and forgot to log out. I thought it would be a one-off post but then it kind of exploded. The other Eclipse developers have been *very* understanding, and my apparent lunacy here is in no way a reflection of the Eclipse team.

From now on, I'll post in this thread as "Bubba-Gump".



Was he paid off in steems or just was fudding and scamming all along? either way would you want a dev like this in charge of your eclipse crypto currency. I would be selling that at once if I had any I would be.

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May 02, 2016, 08:46:22 AM
 #73

ETH

https://daohub.org/curator.html
https://daohub.org/proposals.html
The DAO’s community gives it purpose and direction by approving or declining plain English Proposals backed by smart contract code aimed at building products or services for the benefit of its members.

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May 02, 2016, 09:16:08 AM
 #74

SYS v. BTC

http://syscoin.org/doc_uploads/How_Syscoin_Innovates_Infographic.png

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May 04, 2016, 05:38:35 PM
 #75

data chains / oracles

YOBIT 90M premine ico? $500k
http://www.subscriptio.tech/
http://www.explorer.subscriptio.tech/
http://www.explorer.subscriptio.tech/address/G1Z4TkC3wrH3UHBV5C23LbrWwXxMd81QeF
https://cryptocointalk.com/topic/46504-subcriptio-pos-decentralized-blockchain-decentralized-blockexplorer/

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May 20, 2016, 05:51:36 PM
Last edit: May 22, 2016, 11:58:34 AM by BitcoinNational
 #76

re: general picture

QUIDS : btc, eth, ltc, doge, (dash, xrp, stellar)
2.0: daDAO, xem, bts, nxt, lsk-Dapp, xcp, omni
s.0.v. blk Q un rdd xcp

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May 21, 2016, 02:56:54 AM
 #77

    
Re: Max, Lisk Founder, to talk with Edward Snowden LOCKED
https://bitcointalk.org/index.php?topic=1478981.msg14908480#msg14908480

Quote from: Minecache on May 20, 2016, 10:37:44 AM
LISK is a major major scam. Remember it's by the Cryptsy crooks and a failed cold fusion web developer. Stay out folks.

Lisk, IOTA, Ethereum, and Waves are all permissioned ledger IPO cash grab scams. 

Blame Come from Beyond and his cronies for starting the Cambrian explosion of IPO scams with NXT. 

Now we are beginning to reach the point of peak IPO scam and they will cause the altcoin market to implode.

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May 22, 2016, 11:53:35 AM
 #78

 Lisk CEO explains differences between their product and Ethereum
http://ethereum.stackexchange.com/questions/2104/how-does-lisk-differ-from-ethereum/3176#3176

Quote
The range of clients at Ethereum in Go, C++, Python, JavaScript, Java and other languages is a support disaster. Right now it may work OK, but once Ethereum attracts a critical mass there will be 1 (or maybe 2) clients which will be used by 99% of the users. Otherwise, it's just not feasible.

You also say that Ethereum is trying to appeal a wide range of developers. Lisk tends to focus on the JavaScript group

Quote
In Lisk you get a complete package. You don't develop single smart contracts. You build an entire application which is running on its own blockchain.

Quote
JavaScript
JavaScript
JavaScript

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May 23, 2016, 12:23:53 AM
 #79


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May 27, 2016, 02:51:39 PM
 #80

Ethereum is the Forefront of Digital Currency
We have sat here for the last 3 years seeing only infrastructure apps like wallets and exchanges emerge on top of Bitcoin. Why is that?
Fred EhrsamCo-founder @Coinbase. Previously trader @GoldmanSachs, computer science @DukeU
https://medium.com/the-coinbase-blog/ethereum-is-the-forefront-of-digital-currency-5300298f6c75#.ma6q0fbs5
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