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prettybuds (OP)
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May 27, 2016, 08:22:35 PM
 #1

which coin has the most delusional supporters?
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May 27, 2016, 08:24:37 PM
 #2



 Grin

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r0ach
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May 27, 2016, 08:34:16 PM
 #3

which coin has the most delusional supporters?

1)  Marinecoin
2)  Zeitcoin
3)  Ethereum
4)  Lisk
5)  Dash
6)  IOTA
7)  Waves



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Iris Linus
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May 27, 2016, 08:35:54 PM
 #4

which coin has the most delusional supporters?

1)  Marinecoin
2)  Zeitcoin
3)  Ethereum
4)  Lisk
5)  Dash
6)  IOTA
7)  Waves

Very interesting selection.
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May 27, 2016, 08:36:56 PM
 #5

which coin has the most delusional supporters?

1)  Marinecoin
2)  Zeitcoin
3)  Ethereum
4)  Lisk
5)  Dash
6)  IOTA
7)  Waves




no monero?

what about this;
1)  Monero
2)  Ethereum
3)  Dash
4)  IOTA
5)  Lisk

this crap waves not qualify yet

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May 27, 2016, 08:37:58 PM
 #6

which coin has the most delusional supporters?

0) IXCoin
1)  Monero
2)  Marinecoin
3)  Ethereum
4)  Lisk
5)  Dash
6)  IOTA
7)  Waves
8)  Litecoin
9) Bitcoin

New Economy Movement (NEM) https://nem.io
The Movement (MVT) https://bitcointalk.org/index.php?topic=2068554
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May 27, 2016, 08:38:17 PM
 #7

Lol marinecoin. I'd completely forgotten about that piece of shit.

I'll go with delugecoin for 600, Alex.
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May 27, 2016, 08:56:22 PM
 #8

which coin has the most delusional supporters?


1 ) Monero
2 ) Ethereum
3 ) Lisk
4 ) Dash
5 ) IOTA
6 ) Waves
7 ) Litecoin
8 ) Bitcoin
r0ach
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May 27, 2016, 09:26:47 PM
 #9

which coin has the most delusional supporters?

1)  Marinecoin
2)  Zeitcoin
3)  Ethereum
4)  Lisk
5)  Dash
6)  IOTA
7)  Waves

Very interesting selection.



buying Sterile BTC or Tokens that can not make more of themselves is Pure Speculation.

Example: It is like a farmer buying a herd of cattle that are sterile.



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bathrobehero
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ICO? Not even once.


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May 28, 2016, 12:58:10 AM
 #10

Most ICO coins. Basically crypto illiterate gamblers chasing the BTC/ETH/etc goldrush.

Not your keys, not your coins!
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May 28, 2016, 01:47:22 AM
 #11

Dao
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May 28, 2016, 06:09:18 AM
Last edit: May 28, 2016, 06:48:04 AM by kiklo
 #12

Every alt coin is priced in Satoshis on the exchanges, if Bitcoin rises and everybody held their coins, the value of alts would go up WITH BTC. And not only that, but if they held them, the alt marketcaps would grow and it would add more value and liquidity to the cryptosphere as a whole.

which coin has the most delusional supporters?

That is a easy one,

BTC has the most Delusional Supporters.  Smiley


Reasons:
1.  BTC set its all-time high on November 17, 2013 at US$1216.73 on the Mt. Gox exchange.
     Price has only recently moved closer to US$500 , which is still over a 50% loss from almost 3 years ago.
     (If this had been any other coin, we would all be Deaf from the Forum Users screaming BTC is a SHIT coin!)

2.  The Delusional believe the halving will double the price,
     Here is why it won't, Competition from other coins
     Those that are not BTC ZEALOTS (like r0ach) , would just as soon use LTC or Doge or another coin, for the faster speed and lower transaction fees.

3.  Coinbase the Major US Crypto Wallet Provider will soon offer other coins beside BTC, such as LTC and Ethereum.
     This will eat directly into BTC biggest advantage, the fact they were the primary coin used to transfer wealth between the virtual & physical world.
     This will directly weaken BTC main reason to be purchased. (Fiat to Crypto Conversion)

4.   BTC price is already too high to be considered for micro payments anymore.
      So they are also losing that possible utility to other coins.

5.   China now controls over 60% of BTC mining and could 51% attack it on a daily basis if they were so inclined.

6.   BTC is Never Going to Replace VISA , it can barely handle it's current transaction volume.

7.   Myth: Blockchain is going to be a Giant Centralized DataBase for the World storing all data.
      Hate to break it to everyone this is the Biggest Bullshit line, I have ever heard.
      It basically all comes down to resources , are you going to download (currently 70 Gigabytes of blockchain) and keep it synced.
      https://blockchain.info/charts/blocks-size
      When they do increase the transaction size , it will grow even faster.
      In comparison , I can download the ENTIRE Encyclopaedia Britannica 2015 version at only 4.2 GB
      Blockchains are not efficient Databases due to the Blockchain Bloat, at some point , any blockchain will be so large, that it's user base will
      demand a new genesis block and a fresh start.

8.   BTC began in January 2009, it is slow & antiquated & too resource intensive compared to almost every new coin.

9.   r0ach thinks it has more value, because a few rich guys & corps are pumping its value,
     the rich guys & corps are controlling the mining & Asics to sell the simple minded a virtual coin for almost $500.
     When it only real value will be as a remittance service for a small volume Globally, which LTC & Doge & Others could easily replace.
     I can transfer $100 of LTC or Doge Faster than BTC at a lower transaction cost, the majority of the world will always chose the lower price option
     especially if it outperforms the more costly option.

10. PoW generation of coins , due to difficulty increases has proven to be a no win situation for All , but the very rich that can game the system with free electricity or early ASIC adoption , so for John Q. Public BTC has no real value to just hold the coin, as he is not privily to insider information that would allow him to trade at a profit.
So for the Public Use , Most will Buy and send BTC , which the person receiving will immediately convert to Fiat or some other coin (like a Proof of Stake where they actually can make more by holding it.)  Wink


Ethereum has the 2nd most Delusional Supporters.  Smiley

Trying to  make their Blockchain into a Programming Language is beyond Asinine.
It will draw too many resources and other leaner programming languages will always be chosen over it for real work.
Instead of Ethereum it Should be call the Malthusian Catastrophe Coin.
https://en.wikipedia.org/wiki/Thomas_Robert_Malthus

http://cryptomining-blog.com/7840-ethereums-blockchain-data-continues-to-grow-rapidly-in-size/
Quote

Ethereum’s Blockchain Data Continues to Grow Rapidly in Size
10, May 2016

ethereum-blockchain-file-size

It is not even a year since the mining of Ethereum’s Ether (ETH) coins has started and due to the short block time and the huge user interest the total size of the blockchain data of Ethereum has already grown huge and continues to grow rapidly. The current size of the Ethereum blockchain data files is already over 16 GB and just about two months ago it was a bit over 9 GB. With the increasing demands for storage to host the full blockchain data as a part of a local wallet or a full network node more users might be switching to online wallets and other services that do not require the user to have a local copy of the data files such as exchanges for example. With more users getting into Ethereum the number of transactions on the network is also growing and by the time when the switch from PoW to PoS phase happens we could even have Ethereum’s blockchain size getting close to that of Bitcoin. If you look only at ETH alone even 20 GB might not be that much, but if you have a local Bitcoin wallet as well as a few other crypto wallets installed on a PC with the full blockchain stored locally you might even start experiencing issues with available free space and things will only get worse with the fast increase of the size of the blockchain data.




@r0ach,   Cheesy
would you like to pretend you have counter arguments or will you be using Humor to mask the fact that the above is accurate , like in most of our encounters.  Wink


 Cool
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May 28, 2016, 09:19:01 AM
 #13

Well explained Kiklo, so are you saying all present crypto currency right now are fundamentally flawed due to the block chain ultimately becoming bloated with excessive data? Are they no solution please explain
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May 28, 2016, 09:20:18 AM
 #14

What about ripple will it have the same problem?
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May 28, 2016, 10:00:36 AM
Last edit: May 28, 2016, 10:50:59 AM by kiklo
 #15

Well explained Kiklo, so are you saying all present crypto currency right now are fundamentally flawed due to the block chain ultimately becoming bloated with excessive data? Are they no solution please explain

Current Flaw in all Crypto is the increasing blockchain.
The Blockspeed & more Transactions stored makes this a more looming issue, normally the faster the block speed the faster the growth of the blockchain.

Only solution so far is a chain swap (usually performed by an exchange) , which would negate any database information stored in the old blockchain as it would not be transferred.

Personally had the idea of something like a running Genesis Block , that say every 3 or 7 years, the coin would automatically create a new genesis block with all of the address and balance amounts, however the closest anyone has come so far is using a block parser to get the addresses and create a new chain, not drop off the old section and only sync from a new genesis , which is what I believe would be optimal.

There is still time to find a solution, except for maybe Ethereum, they are growing an an ever increasing rate faster that any other coin.
So they will have to find a solution within 2 or 3 years or be crushed by their blockchain bloat.

Quick compare , even coins like ZEIT, Mint , & HBN with a fast 30 second block time don't usually add more than ~1 Gigabyte per year.
So we have ~10 to 20 years before we are using 20 gig of hard drive space, so we've still got some time.

BTC is at 70gig now with a 10 minute blockspeed (~7 year old blockchain), and they should grow even faster once they switch to a larger transactions.
Once their is ~ year or so with the bigger blocks, we will have a better feel for their faster growth rate due to larger transaction size.

The bigger blockchains mean less & less people will maintain a blockchain placing more and more control of these coins in the hands of the elite megacorps, that can afford insane amount of drive storage.

 Cool


FYI:
Think of it like storing your paper records , if you kept every receipt & every bill , and stored it all , after ~ 7 years it would fill up a garage.
Then you either archive it somewhere else or destroy it to make room for the next 7 years of data.
Because hard drive space like real space is not an unlimited resource , eventually the same thing has to happen with the blockchain , (Archive or Delete).
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May 28, 2016, 10:14:04 AM
Last edit: May 28, 2016, 10:25:20 AM by kiklo
 #16

What about ripple will it have the same problem?

Hmm,
According to the following they are at 1.5TB already.
and data from , 0-32569 has already been dropped.

Even thru they don't use a blockchain, interesting their Ledger info is bigger than BTC or Ethereum Blockchain.
If their Ledger number continues to increase , they will also have issues, unless at some point it quits growing, but someone with more info on ripple would have to answer that.
Its design may have some security issues , that blockchain based coins don't have , time will tell.

 Cool


https://www.reddit.com/r/Ripple/comments/3ci0hm/how_big_is_the_ripple_blockchain/


Quote
   comments


How big is the ripple blockchain? (self.Ripple)

submitted 10 months ago by brighton36

And, is it true that the beginning of the chain (before 32570) is ... missing? How is it that old blocks can be discarded?

    3 comments

sorted by: best

[–]sroose 3 points 10 months ago

Ripple does not work with a blockchain. It works fundamentally different.

Ripple nodes keep a ledger instead of a blockchain. The ledger contains the current state of the network, but no history at all. So basically all balances, trust settings and open offers. Every few seconds, nodes jointly construct an update to the ledger and use the consensus algorithm to agree on the correct new ledger. The last ledger agreed upon is called the Last Closed Ledger.

This does mean that "forks" are not possible. It is however possible for nodes to not disagree. The consensus algorithm luckily has some features that allows the network to cosntruct a new last closed ledger even when not all nodes agree 100%. Controversial parts will then be left out of the new ledger.

Ripple consensus works somewhat less distributed than Bitcoin block verification does. Every node keeps a list of other nodes it discovered (it's UNL or Unique Node List) and also keep a set of the nodes it trusts. When reaching consensus, whenever a node conflicts too much with your node's proposals, it will just be kicked. So this means that when there f.e. is a division between two groups of nodes that have a different implementation (version) and they fundamentally disagree, they will form two separate pools of nodes performing consensus entirely independently. They will have separate ledgers and there are no standard ways to recover other than just overwriting your ledger with the one from the other pool. As a client that does not participate in the consensus process, the ledger you interact with thus depends on the node you trust and you use to get your Ripple information.

So, to answer your question: Ripple nodes are not required to keep history of previously closed ledgers. They only need the Last Closed Ledger and the newly received transactions in order to participate in the consensus process. However, most Ripple nodes do keep a certain amount of historical ledgers in order to provide transaction data to clients that have been offline for some time. The nodes can decide themselves, based on the storage space they have, how much history they want to store.

    permalinkembed

[–]Sukrim 2 points 10 months ago

The fulll set of node data (ledger headers, inner tree nodes and leaf nodes) is around 1.5 TB at the moment.

Yes, 0-32569 are missing.

Ripple hashes not only transactions but also state, so to get a current view of the network, you only need the most recent ledger, not replay all transactions since genesis (like Bitcoin does for example).

    permalinkembed

[–]itsnotlupus 1 point 10 months ago

Getting every ledger is a long and slow operations. I don't remember how large it got last time I tried, but it was a respectable size (above 1gb, below 1tb, as a very rough order of magnitude.)

But yes, if you have the patience, you'll see the first few weeks worth of ledgers are just not showing up. Some kind of bug occurred and things got lost. I think a bunch of ledger were rebuilt after the fact, but some of it couldn't be put back together again.

Apparently, that doesn't really break anything, it just means we have no idea what happened in the early days.


Not sure I would trust ripple, due to the above info highlighted in blue.
Reason being a coin needs to hold at least 3 to 7 years of transaction history , in case confirmation is needed by some government authority for legal purposes.
Ripple began in 2012 and lost transaction history in less than 4 years, no I would not really trust them.  
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May 28, 2016, 10:32:54 AM
 #17

Thanks that was helpful
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May 28, 2016, 10:34:16 AM
 #18

1) Bitcoin (it has the biggest userbase, so surely the most delusional users)
2) Ripple
3) Dash
4) Monero

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May 28, 2016, 10:55:35 AM
 #19

Ethereum is definitely in first place by far.
Then Dash, Ripple, Litecoin and all other useless coins.
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May 28, 2016, 10:57:21 AM
 #20

Litecoin and Monero are my candidates.

I like DASH, but it's very much a small-ish circle of people.

Anyone buying anything like LISK is an obvious case.

I'd not include BTC or Ether since both have wide enough communities that loses are not so bad.
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