SMART Coin Observer

[BitcoinNational]

forgive me, i am dumb witted.

why has there been no lottery based POW created?

1. all open/sync'd nodes guess a random number (with a KGW/diff adjust mech)
2. winner(s) get the reward
3. this can't be 51pct. hijacked by ASIC super powers (could be bot-net hijacked)

[1714882461]

1714882461

[1714882461]

1714882461

[BitcoinNational]

sees title
thinks 'That's SMART coin Observer material'

tee hee

coin	daily emission (USD equivalent)
BTC	$1,326,745.80
ZEC	$366,080.67
ETH	$253,015.20
XMR	$110,095.67
LTC	$56,272.46
ETC	$22,488.45
DASH	$10,165.25
GAME	$4,354.75
DOGE	$3,152.58
PPC	$2,383.31
NLG	$2,268.41
DGB	$1,424.66
NMC	$740.62
FTC	$668.47
NVC	$573.70
WDC	$356.74
WBB	$291.95
FLO	$200.42
START	$178.31
MEC	$106.92
AUR	$86.36
MUE	$68.06
GLD	$44.01
CSC	$41.57
DMD	$38.67
QTL	$8.98
ZET	$7.56
SXC	$5.44
EMD	$0.83
CANN	$0.01

coin	yearly emission percentage
ZEC	1,885.98%
XMR	37.54%
WBB	32.14%
NVC	32.10%
MUE	29.69%
FTC	29.32%
DGB	26.40%
WDC	17.34%
FLO	15.87%
PPC	14.91%
GAME	14.87%
ETC	12.18%
ETH	12.17%
START	11.66%
LTC	10.81%
NMC	8.92%
MEC	7.99%
NLG	6.26%
DASH	5.90%
SXC	5.52%
DOGE	4.91%
EMD	4.20%
BTC	4.10%
QTL	3.97%
DMD	3.40%
AUR	3.04%
CSC	2.72%
GLD	2.64%
ZET	0.64%
UNO	0.17%
CANN	0.00%

(Data for Nov 29, 2016)

[BitcoinNational]

So i have a few questions..

If ANON was needed so badly why did the dev's not submit the idea to the Bitcoin core dev's foundation etc ?
Was it because they knew it would be rejected ?

Seems to me i am not the only one who has rejected this anon coin idea huh ?
Otherwise BTC would have anon code in it already mirroring what Monero is doing.

I love how they patronize everyone and say it's needed.. but the entire Bitcoin world rejects them.
Not just .. Spoetnik  

Instead they felt the need to create a NEW coin and tack on ANON features..
Rather than trying to get the ANON code integrated into BTC.

Hmm i wonder why ? Any idea why people ?
Why is it they would want to start a new coin ? hmmmm ? Maybe Risto can answer he bought LOTS of them and controls the coin.

Yeah.. the guy with the Pink Bentley who lives in a castle.

So what do we see bottom line ?
Want Morono's ? well guess what ? you need to buy them.. with Bitcoin  
Yup.. Bitcoin hahahhahahah

AND ...

You can line up at Poloniex the official shitcoin exchange for them to buy them clutching your picture ID.

So Profiteers.. do you see through this retarded little facade ?

The beauty of transparent blockchains is that EVERYONE has the same view.

Where obscured-tech goes wrong is that it creates a gaping great asymmetry between holders and non-holders which kind of makes a mockery of its claim to "fungibility".

To compound that problem, it's the non-holders who support the value (being on the bid side of every transaction) and they're the group locked out of that blockchain's transparency. Even the verification of individual transactions is asymmetric between sender and receiver leaving the a prospective economy based on such a system wide open to social engineering attacks.

It's a tech that's based on an ownership record keeping archetype for 3rd-party backed money, not unbacked monetary assets.

[BitcoinNational]

https://jaxx.io/

[BitcoinNational]

https://www.stellar.org/blog/global-partnerships/
https://www.stellar.org/stats/

[BitcoinNational]

Idea for an altcoin: 3-way hybrid PoW

I've casually proposed this for Bitcoin in the past, but there's no way that something as experimental as this would ever be done in Bitcoin without at least a successful altcoin example, so it'd be cool to see it implemented in an altcoin, if any altcoin devs are interested. I have not rigorously examined this scheme for any flaw, so maybe it won't work well at all, but maybe it will.

One problem in Bitcoin is mining centralization. To solve this, I propose that the PoW be changed to the following:

 - If the block height mod 4 is 0, the PoW for that block is SHA-3 (or similar), an ASIC-friendly algorithm.
 - If the block height mod 4 is 1, the "PoW" for that block is "follow the satoshi", a form of proof-of-stake described in the Proof of Activity paper.
 - If the block height mod 4 is 2, the PoW for that block is cuckoo, a very ASIC-unfriendly algorithm.
 - If the block height mod 4 is 3, the "PoW" for that block is again "follow the satoshi".

Most likely:

 - The SHA-3 group will be controlled mainly by a handful of centralized ASIC miners as is the case with mining in Bitcoin today.
 - The cuckoo group will be controlled mainly by a handful of botnet operators, though ordinary users might also participate to some extent.
 - The PoS group will be controlled mainly by a handful of early adopters, though ordinary users might also participate to some extent.

However, importantly, all three groups need to cooperate in order to do anything majorly evil such as rewriting many past blocks. And since the three groups seem very likely to be independent, this significantly increases the decentralization and security of the system's mining.

I didn't see this when it was originally posted, thus I am late to respond.

Assuming much greater than 51% mining cartel control then if the PoW blocks provide the randomness to select the PoS address to construct the next block, then the PoW is still in control and does not need to coordinate with the PoS in order to do PoW attacks. Except in any case, the PoS can also jam the latest PoW block, thus causing ambiguity as PoW miners must decide how to long to wait before they instead produce a replacement PoW block which selects a different PoS address. This destroys the unambiguous Nash equilibrium to mine asap, thus I believe that will cause a divergence of PoW away from consensus to multiple competing partial orders because different miners will take different strategies so you have a split of the network hashrate such that no chain can definitely advance ahead of the other one (or at least you'll have massive orphan rate and selfish mining strategies with much smaller minorities of the hashrate).

If instead the PoS is using its self-referential entropy (i.e. nothing-at-stake), there can be ambiguity for PoW miners over which PoS block to build on, which can cause a divergence of PoW away from consensus to multiple competing partial orders.

As for removing the catastrophic PoS, it is an incorrect presumption that there can ever be any PoW algorithm (even hybrid) that can't be optimized by economies-of-scale. I covered this in more detail in my white paper, but here was an early version of a pertinent portion.

...

Proof-of-Work as Space Heaters Belies Economics of Specialization

Specialization enables economies-of-scale.

An example of an erroneous posited caveat[4] that proof-of-work mining resources would not become power-law distribution centralized due to the posited high electrical cost of dissipating heat in centralized mining farms coupled with the posited free electricity cost of using the “waste” heat of ASIC mining equipment as space heaters, is (in hindsight) incorrect because:

• Two-phase immersion cooling is 4000 times more efficient at removing heat from high-power density data centers[5], reducing the 30 - 50% electricity overhead to 1%[6].
• Electricity proximate to hydroelectric generation or subsidized electriciy costs approximately 50 - 75% less than the average electricity cost.
• Heating is rarely needed year-round, 24 hours daily, at full output. Not running mining hardware at full output continuously renders its purchase cost depreciation much less economic because the systemic hashrate is always increasing and (because) ASIC efficiency is always increasing[7]. The posited purchase of obsolete mining equipment[8] is incorrect because `MR = MC` so a combination of increased demand for obsolete mining raising its price and weighted profit at the margins increasing thus increasing the mining difficulty so that savings due to waste heat is offset. Closer to home, to make it profitable enough to be worthwhile (to justify the pita of jerry–rigging a space heater for equipment not designed for the purpose) requires running so many 10s or 100s of kWH of relatively much less efficient (i.e. obsolete) hardware generating more heat than can be typically utilized (unless infernos are in sufficient decentralized demand).
  

Proof-of-Work on CPUs Belies Economics of Specialization

The posited caveat[4] that mining on general use computers (as a refutation of the power-law distribution of resources) would be economically viable if ASICs are not more efficient than (H + E) / E (even factoring that E might be pyschologically 0 because it is obscured in monthly variability of the electric bill) falls away at least because of the transition to power efficient (battery powered or fanless) devices which don't consume enough electricity to provide enough security for a longest-chain-rule blockchain even if millions of said devices were mining[9]. Or more generally because the portion of the general use computers' cost which represents circuits applicable to proof-of-work computation is equivalently too small.


[4] https://blog.ethereum.org/2014/06/19/mining/
[5] http://www.allied-control.com/immersion-cooling
[6] http://www.allied-control.com/publications/Analysis_of_Large-Scale_Bitcoin_Mining_Operations.pdf#page=9
[7] https://www.reddit.com/r/Bitcoin/comments/335107/i_am_thinking_of_using_a_bitcoin_miner_to_heat_my/
[8] https://bitcointalk.org/index.php?topic=918758.msg10109255#msg10109255
    https://bitcointalk.org/index.php?topic=1527954.msg16816538#msg16816538
[9] https://bitcointalk.org/index.php?topic=1361602.msg15553037#msg15553037

I don't want to waste time analyzing Theymos's proposal very mathematically and exhaustively, because my intuitive understanding is it is very insecure.

Unfortunately he has probably incentivized someone to go hype an altcoin on this insecure concept, proclaiming that it was endorsed by Theymos.

[BitcoinNational]

    Ethereum’s emission schedule releases a stable amount of new tokens each year. The project started off with a 72 million ether premine, allocated to presale investors, the Ethereum Foundation, and developers. Since then, about 13 million new ethers are mined each year; theoretically forever.

The ETC team is now proposing "a 20 percent reward reduction about every 2 years, so the supply will level off at some 200 million ETC around the year 2070 — with a hard cap of around 210 million ETC."

[BitcoinNational]

[BitcoinNational]

Section 1

“BETWEEN SUBTLE SHADING AND THE ABSENCE OF LIGHT LIES THE NUANCE OF IQLUSION”

Section 2

“IT WAS TOTALLY INVISIBLE HOWS THAT POSSIBLE ? THEY USED THE EARTHS MAGNETIC FIELD X THE INFORMATION WAS GATHERED AND TRANSMITTED UNDERGRUUND TO AN UNKNOWN LOCATION X DOES LANGLEY KNOW ABOUT THIS ? THEY SHOULD ITS BURIED OUT THERE SOMEWHERE X WHO KNOWS THE EXACT LOCATION ? ONLY WW THIS WAS HIS LAST MESSAGE X THIRTY EIGHT DEGREES FIFTY SEVEN MINUTES SIX POINT FIVE SECONDS NORTH SEVENTY SEVEN DEGREES EIGHT MINUTES FORTY FOUR SECONDS WEST X LAYER TWO”

Section 3

“SLOWLY DESPARATLY SLOWLY THE REMAINS OF PASSAGE DEBRIS THAT ENCUMBERED THE LOWER PART OF THE DOORWAY WAS REMOVED WITH TREMBLING HANDS I MADE A TINY BREACH IN THE UPPER LEFT HAND CORNER AND THEN WIDENING THE HOLE A LITTLE I INSERTED THE CANDLE AND PEERED IN THE HOT AIR ESCAPING FROM THE CHAMBER CAUSED THE FLAME TO FLICKER BUT PRESENTLY DETAILS OF THE ROOM WITHIN EMERGED FROM THE MIST X CAN YOU SEE ANYTHING Q ?


Section 4

UN solved.

2010 released the word “Berlin”
2014 released  the word “Clock”.
? released two statements “You’d better delve into that particular clock,” “There are several really interesting clocks in Berlin”.

[BitcoinNational]

      eht
DAO         [$150M]   
AUGUR       [$50M]
conomi       [$30M]
DigixDAO    [$20M]
Xaurum       [$10M]
YO          [$02M]
golem       [$08M]
ROUND http://roundcoin.org/ [$1,371,866] = firstblood copy
ROUND https://bitcointalk.org/index.php?topic=1657439.0
ROUND http://coinmarketcap.com/assets/round/
firstblood
vslice $2M



      nxt
ardor    $10M      
NAUT    $4M  https://bitcointalk.org/index.php?topic=591114.msg17392553#msg17392553
nxxty   $1M  https://bitcointalk.org/index.php?topic=735878.0
jio 19k http://coinmarketcap.com/assets/jio-token/
jio http://tamtamtravels.com/jio-token/
jio https://bitcointalk.org/index.php?topic=1661208
DT $12 http://coinmarketcap.com/assets/dt-token/
super -no volume-$2M
jinn  $600k
theViral $50k
nxtty    $44
newbie $23 http://coinmarketcap.com/assets/newbium/
coinomatic



      open_bts
icoo
bitland
incNt
steem
blockpay
ardor $ silver gold oil doge game omni maid lsk
Peerplays $29M
obits


      XCP  https://wallet.indiesquare.me/
storjx
Bitcrystals
Pepe Cash
FoldingCoin
LTB http://coinmarketcap.com/assets/ltbcoin/
karmatoken


   OMNI
$TET  $10M
AGORA $5
AMP   $4
MAID  $48
BFX   $$$$$$$
Decorum $500k
SafeEx  $326k

[BitcoinNational]

 Ripple releases 333 million more Tokens

Agree, Ripple needs a scheduled distribution plan before big time investors will participate.  Awesome technology, ridiculous team, tons of big news, but... how do you predict when 300 million xrp will get dumped on the market? At least there is a science in telling distribution with mining.  All Ripple needs to do is come up with a damn distribution schedule.

[BitcoinNational]

I am a newbie in trading and I'm wondering what Altcoin is promising this 2017?

I am sure best performing Crypto is already well known right now. Most likely will be one that reached bottom right now. And those that monitor that coin know well it will preform good in 2017. Here is list best performing coins in 2016, so you can taste what showing best performance is:

Code:

Name:           value in btc:   value in $:     value in btc:   value in $:     difference in $: difference in %:
                01 Jan 2016     01 Jan 2016     01 Jan 2017     01 Jan 2017     in year 2016     in year 2016

Monero	        0,00105001	$0,45608234	0,01431600	$13,7568170	$13,3007347	2916,30%
PotCoin	        0,00000120	$0,00052123	0,00001539	$0,0147889	$0,0142676	2737,29%
NAV Coin	0,00000362	$0,00157238	0,00004065	$0,0390622	$0,0374898	2384,27%
NEM	        0,00000035	$0,00015203	0,00000383	$0,0036804	$0,0035284	2320,90%
SysCoin	        0,00000111	$0,00048214	0,00000942	$0,0090521	$0,0085699	1777,48%
I/O Coin	0,00005886	$0,02556643	0,00037981	$0,3649746	$0,3394082	1327,55%
Siacoin	        0,00000004	$0,00001737	0,00000025	$0,0002402	$0,0002229	1282,70%
GameCredits	0,00003426	$0,01488117	0,00021203	$0,2037481	$0,1888669	1269,17%
ShadowCash	0,00023257	$0,10101911	0,00123943	$1,1910179	$1,0899988	1079,00%
Viacoin	        0,00000844	$0,00366600	0,00003586	$0,0344593	$0,0307933	839,97%
Ethereum	0,00216526	$0,94050233	0,00829501	$7,9710069	$7,0305046	747,53%
Storjcoin X	0,00003652	$0,01586283	0,00013797	$0,1325809	$0,1167181	735,80%
Qora	        0,00000002	$0,00000869	0,00000007	$0,0000673	$0,0000586	674,31%
Burst	        0,00000017	$0,00007384	0,00000055	$0,0005285	$0,0004547	615,75%
MaidSafeCoin	0,00003380	$0,01468137	0,00010309	$0,0990633	$0,0843819	574,76%
Boolberry	0,00003093	$0,01343475	0,00008918	$0,0856966	$0,0722619	537,87%
Factom	        0,00111824	$0,48571873	0,00309356	$2,9727255	$2,4870068	512,03%
CureCoin	0,00001657	$0,00719735	0,00004031	$0,0387355	$0,0315381	438,19%
Expanse	        0,00008958	$0,03890997	0,00019505	$0,1874313	$0,1485214	381,71%
Bitcrystals	0,00006449	$0,02801188	0,00013117	$0,1260465	$0,0980346	349,98%
Dash	        0,00763937	$3,31823675	0,01180000	$11,3390920	$8,0208552	241,72%
Counterparty	0,00140924	$0,61211749	0,00177678	$1,7073790	$1,0952615	178,93%
BitcoinDark	0,00284501	$1,23575854	0,00351901	$3,3815575	$2,1457989	173,64%
SuperNET	0,00180029	$0,78197396	0,00210382	$2,0216448	$1,2396708	158,53%
Bitcoin	        1,00000000	$434,36000000	1,00000000	$960,9400000	$526,5800000	121,23%
DigiByte	0,00000032	$0,00013900	0,00000027	$0,0002595	$0,0001205	86,66%
Bytecoin	0,00000006	$0,00002606	0,00000005	$0,0000480	$0,0000220	84,36%
Dogecoin	0,00000031	$0,00013465	0,00000023	$0,0002210	$0,0000864	64,14%
Stellar	        0,00000404	$0,00175481	0,00000258	$0,0024792	$0,0007244	41,28%
Omni	        0,00529999	$2,30210366	0,00292969	$2,8152563	$0,5131527	22,29%
Rubycoin	0,00038650	$0,16788014	0,00021110	$0,2028544	$0,0349743	20,83%
DigitalNote	0,00000015	$0,00006515	0,00000008	$0,0000769	$0,0000117	17,99%
Litecoin	0,00853511	$3,70731038	0,00451716	$4,3407197	$0,6334094	17,09%
BitShares	0,00000797	$0,00346185	0,00000414	$0,0039783	$0,0005164	14,92%
Ripple	        0,00001378	$0,00598548	0,00000682	$0,0065536	$0,0005681	9,49%
BlackCoin	0,00006024	$0,02616585	0,00002830	$0,0271946	$0,0010288	3,93%
NuBits	        0,00232431	$1,00958729	0,00104352	$1,0027601	-$0,0068272	-0,68%
Vcash	        0,00008986	$0,03903159	0,00003901	$0,0374863	-$0,0015453	-3,96%
Nxt	        0,00001462	$0,00635034	0,00000612	$0,0058810	-$0,0004694	-7,39%
VeriCoin	0,00006363	$0,02763833	0,00002440	$0,0234469	-$0,0041914	-15,17%
Primecoin	0,00014140	$0,06141850	0,00005120	$0,0492001	-$0,0122184	-19,89%
GridCoin	0,00002419	$0,01050930	0,00000718	$0,0068995	-$0,0036097	-34,35%
Clams	        0,00330067	$1,43367902	0,00089482	$0,8598683	-$0,5738107	-40,02%
Peercoin	0,00097000	$0,42132920	0,00024792	$0,2382362	-$0,1830930	-43,46%
Namecoin	0,00095000	$0,41264200	0,00024222	$0,2327589	-$0,1798831	-43,59%
NautilusCoin	0,00025325	$0,11000167	0,00005200	$0,0499689	-$0,0600328	-54,57%

Code:

Name:           value in btc:   value in $:     value in btc:   value in $:     difference in $: difference in %:
                01 Jan 2016     01 Jan 2016     01 Jan 2017     01 Jan 2017     in year 2016     in year 2016

Monero	        0,00105001	$0,45608234	0,01431600	$13,7568170	$13,3007347	2916,30%
PotCoin	        0,00000120	$0,00052123	0,00001539	$0,0147889	$0,0142676	2737,29%
NAVCoin	0,00000362	$0,00157238	0,00004065	$0,0390622	$0,0374898	2384,27%
SysCoin	        0,00000111	$0,00048214	0,00000942	$0,0090521	$0,0085699	1777,48%
Siacoin	        0,00000004	$0,00001737	0,00000025	$0,0002402	$0,0002229	1282,70%
GameCredits	0,00003426	$0,01488117	0,00021203	$0,2037481	$0,1888669	1269,17%
ShadowCash	0,00023257	$0,10101911	0,00123943	$1,1910179	$1,0899988	1079,00%
Viacoin	        0,00000844	$0,00366600	0,00003586	$0,0344593	$0,0307933	839,97%
Ethereum	0,00216526	$0,94050233	0,00829501	$7,9710069	$7,0305046	747,53%
Storjcoin X	0,00003652	$0,01586283	0,00013797	$0,1325809	$0,1167181	735,80%
Qora	        0,00000002	$0,00000869	0,00000007	$0,0000673	$0,0000586	674,31%
Burst	        0,00000017	$0,00007384	0,00000055	$0,0005285	$0,0004547	615,75%
MaidSafeCoin	0,00003380	$0,01468137	0,00010309	$0,0990633	$0,0843819	574,76%
Boolberry	0,00003093	$0,01343475	0,00008918	$0,0856966	$0,0722619	537,87%
Factom	        0,00111824	$0,48571873	0,00309356	$2,9727255	$2,4870068	512,03%
Expanse	        0,00008958	$0,03890997	0,00019505	$0,1874313	$0,1485214	381,71%
Bitcrystals	0,00006449	$0,02801188	0,00013117	$0,1260465	$0,0980346	349,98%
Dash	        0,00763937	$3,31823675	0,01180000	$11,3390920	$8,0208552	241,72%
Counterparty	0,00140924	$0,61211749	0,00177678	$1,7073790	$1,0952615	178,93%
BitcoinDark	0,00284501	$1,23575854	0,00351901	$3,3815575	$2,1457989	173,64%
SuperNET	0,00180029	$0,78197396	0,00210382	$2,0216448	$1,2396708	158,53%
Bitcoin	        1,00000000	$434,36000000	1,00000000	$960,9400000	$526,5800000	121,23%
DigiByte	0,00000032	$0,00013900	0,00000027	$0,0002595	$0,0001205	86,66%
Bytecoin	0,00000006	$0,00002606	0,00000005	$0,0000480	$0,0000220	84,36%
Dogecoin	0,00000031	$0,00013465	0,00000023	$0,0002210	$0,0000864	64,14%
Stellar	        0,00000404	$0,00175481	0,00000258	$0,0024792	$0,0007244	41,28%
Omni	        0,00529999	$2,30210366	0,00292969	$2,8152563	$0,5131527	22,29%
Rubycoin	0,00038650	$0,16788014	0,00021110	$0,2028544	$0,0349743	20,83%
DigitalNote	0,00000015	$0,00006515	0,00000008	$0,0000769	$0,0000117	17,99%
Litecoin	0,00853511	$3,70731038	0,00451716	$4,3407197	$0,6334094	17,09%
BitShares	0,00000797	$0,00346185	0,00000414	$0,0039783	$0,0005164	14,92%
Ripple	        0,00001378	$0,00598548	0,00000682	$0,0065536	$0,0005681	9,49%
BlackCoin	0,00006024	$0,02616585	0,00002830	$0,0271946	$0,0010288	3,93%
NuBits	        0,00232431	$1,00958729	0,00104352	$1,0027601	-$0,0068272	-0,68%
Nxt	        0,00001462	$0,00635034	0,00000612	$0,0058810	-$0,0004694	-7,39%
VeriCoin	0,00006363	$0,02763833	0,00002440	$0,0234469	-$0,0041914	-15,17%
Primecoin	0,00014140	$0,06141850	0,00005120	$0,0492001	-$0,0122184	-19,89%
GridCoin	0,00002419	$0,01050930	0,00000718	$0,0068995	-$0,0036097	-34,35%
Clams	        0,00330067	$1,43367902	0,00089482	$0,8598683	-$0,5738107	-40,02%
Peercoin	0,00097000	$0,42132920	0,00024792	$0,2382362	-$0,1830930	-43,46%
Namecoin	0,00095000	$0,41264200	0,00024222	$0,2327589	-$0,1798831	-43,59%

Code:

BTC LTC	etc	XMR 
xrp	xlm	dash	steem
ETH BTS	nxt	xcp	omni etc lsk exp i/o emc name sys strat rad ANS qora rise hz bay lbc MAID amp Storjx bcy augur iota SuperNET
DASH xmr aeon bool komodo xdn darknet sdc nav zcoin ZCL cloak xbc BYTE anon
PP BLK POT CLAM ruby mint rdd dmd net jbs enrg crbit ok 42 vrc nrs
GAME digi blood
DCR ftc nxs sia burst grid

[BitcoinNational]

Purevidz claims to be some type of censor resistant platform using torrents and a few other buzzword technologies to create a streaming content site similar to hulu or netflix but with pirated content.

Lets ignore the technology aspect of this scheme. Lets ignore that you already can get this content for free from a number of reliable sources including the censor resistant sites on zeronet (zeroplay, zerotv, zerotorrent.bit) Maybe you can't stream them yet, but again lets ignore all technology aspects, similar to their threads where they only focus on the money.

The center and most heavily promoted part of this scheme is the bounty system. Bounty is paid in vidz tokens. Bounty is used to request content and pay moderators off and pay for development. Because of the bounty aspect, it could be argued that the moderators and developers are generating money from illegal content, ie making money from pirated content. Because of the bounty aspect, it could be argued that owners of this token are propping up the value of their token through illegal content.

It seems to me that once you include money (the vidz tokens) with pirated content you have just opened yourself up to a whole new legal level of MPAA lawsuits. So the purpose of this thread is to discuss who will be liable and how will the MPAA take this?

I foresee the MPAA going after, very heavily,

any exchange that trades a token (who's sole purpose is linked to pirated content trading)
users who purchase the token
hosting companies who are paid via this token
legit businesses who wish to use this service but get paid bounties via this token
moderators who receive this token as form of payment.

[BitcoinNational]

Their project is utopia dream, I invested in maidsafe in 2015, they said they would release the official product "soon". I started to buy from 8k sat to 5k sat, after I went all-in my 50 BTC in maidsafe, they dumped it to 3k sat, I was panic dumped and gambled with left 25 BTC, because I want to make money to cover my trading loss. But tragedy happened, I lost my all bitcoin, now after one and half year, it is still in alpha test, even not in beta test, hilarious slowest development in the world.

I hate it.

MaidSafe started back in 2006, predates Bitcoin and still hasn't launched a product.   That was warning enough back in 2014 ICO and should be a warning today.  Nevertheless, they must be very good con artists because there's still suckers lining up to give them money.

I'm surprised they had not made a top 10 list for vaporware scams.  They raised $7 million from their ICO and they also received millions pre-2014 (and even before Bitcoin was created).

[BitcoinNational]

INVESD
nem https://invesd.org/community-review-2-nem-is-the-foundation-of-the-evil/
lsk https://invesd.org/lisk-review/
dgb https://invesd.org/interview-5-digibyte/
RAD https://invesd.org/project-radon-smartchain-and-one-click-verification/
SiA https://invesd.org/sia-community-review/
SyS https://invesd.org/interview-series-2-syscoin/
iota

[BitcoinNational]

It's strange though. This always pays.  Fiction with a punch line at the end, provide a strange twist that catches people off guard, along with one artwork cover. That's a winning combo.

[BitcoinNational]

Ripple and bitshares rated the most insecure blockchain software by China CERT

In December 2016, China CERT released a 17-page security audit report of blockchain software. As per the report, the audit was conducted in October 2016 and released later as “open” document. The report examined 25 open-source blockchain projects, categorizing the vulnerabilities found into 9 classes. A total of 746 high-level attack vectors are detected. Ripple is rated the most insecure one with over 223 highly risky bugs.



http://news.8btc.com/blockchain-software-security-report-by-china-cert-ripple-the-worst

[BitcoinNational]

Doge can be used on these sites:

https://muchmarket.com/
http://shibemart.com/
https://www.suchlist.com/
http://dogerr.com/

and on OpenBazaar with the Shapeshift integration.

[BitcoinNational]

Hey guys, for anyone interested in crypto chat, I am in a new Telegram group - https://t.me/goldcointalk

I have supported GLD when first delving into cryptocurrency in 2013, and there is a good network built around it.

I am also continuing to run the SmartCoin related sites, so if there is more interest in it, all the better.

[BitcoinNational]

SMART 24 index

btc   10800
ltc   190
xmr   81
dog   23
xcp   10
sc   9
nxt   7
ppc   7
sys   4
blk   3
dgb   3
dcr   2
aur   2
pot   2
clam   1
nxs      1
vrc      1
rdd      1
ftc      1
exp      1
vtc      1
eac      1
burst           1
qrk      1

---
_{*anything with marketcap above $1M and not on this list is NOT a coin/currency ... rather ICO/DAO/PREMINED and HIGH RISK}

btc   10800 xcp 10 omni rootstock ppc 7 sys 4 dgb 3 EMC 7 NMC 3  ZET .3  XMY .3
ltc   190 dog 23 VIA 1 GAME 13 NVC 1 eac 1 GLD .5  WDC .4
xmr   81 BBR 1 BCN 11 XDN .5
ETC   115
STEEM 40 BTS10 GOLOS7 SBD 1
ZEC   21 zcl .5
sc   9
nxt  7 BTCD7 vrc1
blk      3 pot      2 rdd      1  OK   .4
clam      1
dcr      2
aur      2
nxs      1
ftc      1
exp      1
ubiq   1
vtc      1
burst    1
qrk      1
PASC      1
---
---
---
GRS   .2