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Author Topic: [FACTS] There is NO Innovation.  (Read 2578 times)
Spoetnik
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January 28, 2017, 12:46:39 PM
 #1

Unless an Altcoin is created to accommodate an extended power outage then none of these coins can be considered an improvement over Bitcoin.

If it is not an improvement over Bitcoin then it is not innovative.
Having Bitcoin and every Altcoin reliant on Electricity and an always on Internet connection is a design flaw.
Eventually we will have a major extended power loss and loss of the internet.
When this happens your coins are worthless.

It is not a matter of if ..it is WHEN !

I have been warning you all of this since 2013 lots.
Fix your shit guys.

FUD first & ask questions later™
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Emoclaw
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January 28, 2017, 12:56:10 PM
 #2

Eventually the world will end due to heat death of the universe.
We need an Altcoin that survives when the universe reaches thermodynamic equilibrium. That will be a true innovation over Bitcoin.

   
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January 28, 2017, 12:59:55 PM
 #3

What about Feathercoin?
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January 28, 2017, 01:04:30 PM
 #4

Is having no transaction fees like IOTA not innovative?
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January 28, 2017, 01:15:38 PM
 #5

I think is unfair to the developers in the space, Factom and Ethereum stand out for me, both are offering what Bitcoin does not offer at the moment and so many projects will come up soon that will only make Bitcoin outdated if the scaling issue is not resolved soon

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January 28, 2017, 01:17:44 PM
 #6

Its so unfortunate that from the abundance of developers that we have now, none has been able to beat the feat bitcoin has achieved but I am sure if something of that nature is done, people will definitely support. What will see today is people who are not even passionate about what they are developing only few even provides the necessary support among other deficiencies we witnessed today... Hopefully this can be sorted out in the near future...



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January 28, 2017, 01:19:10 PM
 #7

if there is a power outage then Bitcoin and all the other coins will survive, as long there is someone with the blockchain synced until the power outage started and some people with mining capacities, when electricity is back



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January 28, 2017, 01:24:17 PM
 #8

Is having no transaction fees like IOTA not innovative?

Iota is also quantum proof.
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January 28, 2017, 02:01:57 PM
 #9

if there is a power outage then Bitcoin and all the other coins will survive, as long there is someone with the blockchain synced until the power outage started and some people with mining capacities, when electricity is back

The currency will fail.

They say FIAT would go down too.. 90% of it is all digital these days.

People if you want to parade around grandiose terms like "Innovation" then learn what the words means.
The reality is a more digital version of FIAT is not innovative.
It creates larger problems then we had to begin with.. a step in reverse.

I don't have to have the answers to point out the glaring problem either.
That would be the dev's problem who declare they are "Entitled" to be paid here.

An innovative currency would have a contingency plan set up.. there isn't any with crypto coins.  Shocked

People will be scrounging up what ever paper money they can find in an extended power outage.
Crypto coins then will be worthless.
And they will still use FIAT assuming short term it will still be accepted..
And also assuming that if the power comes back on in months or a year Fiat will be used again.

FAILURE:
The digital currencies will not work with out power and the internet.
Saying they can be revived later if the power comes back is not the point.

That is like saying hey our new coin is secure.. and if you get your coins stolen you can get more later  Cheesy

You all really do have some piss poor logic.

This is my conspiracy.. i am the fist person to mention it and remind you of it endlessly.
I am the knower and haver of all things seen & known in crypto now and forever !

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January 28, 2017, 02:04:03 PM
 #10

Unless an Altcoin is created to accommodate an extended power outage then none of these coins can be considered an improvement over Bitcoin.

If it is not an improvement over Bitcoin then it is not innovative.
Having Bitcoin and every Altcoin reliant on Electricity and an always on Internet connection is a design flaw.
Eventually we will have a major extended power loss and loss of the internet.
When this happens your coins are worthless.

It is not a matter of if ..it is WHEN !

I have been warning you all of this since 2013 lots.
Fix your shit guys.

I can run a Laptop or 2 off of Solar Panels and keep a Proof of Stake network Running.  Grin
Could also make up a network using Radio antennas or Ham Radios.
http://superuser.com/questions/836512/internet-over-antenna-tv-system

But I am assuming you are talking about a big one.

No electricity , No Internet , all electronics Fried by EMP in like a whole country.

Personally think Survival is going to take president , but what the hey , I know how.

Get out the old Pen & Paper & write Legally Binding Promissory Notes for the Amount of Crypto to be Paid once the Power comes Back On.
https://en.wikipedia.org/wiki/Promissory_note
Quote
Promissory notes are a common financial instrument in many jurisdictions, employed principally for short time financing of companies. Often, the seller or provider of a service is not paid upfront by the buyer (usually, another company), but within a period of time, the length of which has been agreed upon by both the seller and the buyer. The reasons for this may vary; historically, many companies used to balance their books and execute payments and debts at the end of each week or tax month; any product bought before that time would be paid only then. Depending on the jurisdiction, this deferred payment period can be regulated by law; in countries like France, Italy or Spain, it usually ranges between 30 and 90 days after the purchase
 

Anyone that does not pay , will be legally bound and face legal penalties if they don't paid you when the coin network is back online.

Next Question?  Wink

 Cool
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January 28, 2017, 03:03:20 PM
 #11

Is having no transaction fees like IOTA not innovative?

Iota is also quantum proof.

It's also a manipulated self enrichment scheme from the same nxt crew who pulled that stunt last time.

Last I heard they were trying to sell their 150 sats tokens for 3000 -5000 sats. Jokers.

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January 28, 2017, 03:52:46 PM
 #12

@Kiklo
You are playing the exception card.
You may be able to do that but the overwhelming majority will not be able to.

Keeping laptops powered up with Solar power would be difficult too.
You would obviously need power before other things than a computer.
Then you would suck a lot of it up powering your machine all the time and MINING  ?

And who is your solar powered WIFI router connecting to when everyone's power is cut off ?

Did you think it through ? Wink

Hey i wish things were different but we face a serious issue.
And if we were smart we would make plans ahead of time.. instead of doing literally nothing at all.

FUD first & ask questions later™
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January 28, 2017, 03:55:39 PM
 #13

Is having no transaction fees like IOTA not innovative?

Iota is also quantum proof.

It's also a manipulated self enrichment scheme from the same nxt crew who pulled that stunt last time.

Last I heard they were trying to sell their 150 sats tokens for 3000 -5000 sats. Jokers.

The price will be determined by market. If the coin is crap it will have low price, if the coin tech is great the price will be high.
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January 28, 2017, 04:44:52 PM
 #14

What about Feathercoin?

Feathercoin has no innovation either, it's not even anonymous, what innovation it has over bitcoin really? the only innovative coin for me was the one that was very anonymous like monero zcash zcoin and all the other, another good example is XCN with miniblockchain, they should come up with something better than POS but still less energy consuming than POW, but that can also remain decentralized and not enriching the rich
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January 28, 2017, 08:01:40 PM
 #15

Is having no transaction fees like IOTA not innovative?

IOTA is THE most innovative coin to come out since bitcoin. Fully scalable DAG, becomes faster the more people use it, and no transaction fees
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January 28, 2017, 09:36:45 PM
 #16

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Having Bitcoin and every Altcoin reliant on Electricity and an always on Internet connection is a design flaw.

So the innovation needs to not be reliant on electricity and internet......

Come on that is a pretty silly statement and you are smart enough to know it.





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January 29, 2017, 12:35:05 AM
 #17

yeah i have an idea...

1st.   lets make solar powered altcoin wallet, which can run using solar power, battery and can connect to internet using various means like  gps, wifi, 3g, 4g, bluetooth and network cable. this item would also has uplink and downlink to satellite either build in or separate hardware that is powered by battery-solar-wind power.

2nd. lets all altcoin development unite and work together to build and launch altcoin satellite so if even if  internet was gone we can still use the coin.


or maybe Dash can provide the funding if we can find legitimate dev for it
 Cool

EDIT : considering that cheap android phone already run on battery and it already has multiple wallet option on it, we can just focus on uplink and downlink hardware(and server) to connect android phone to  satellite

"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...",  satoshi@vistomail.com
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January 29, 2017, 12:41:55 AM
 #18

Eventually the world will end due to heat death of the universe.
We need an Altcoin that survives when the universe reaches thermodynamic equilibrium. That will be a true innovation over Bitcoin.
In the long run, we're all dead.  I suppose you could look at it that way, but it's sort of nihilistic.

Spoetnik, I agree with you and the market agrees with you.  These shitcoins are out of control.  Who buys them?  Bitcoin is what it is, and it serves a purpose, but the rest of these stink bombs are just that.  They need to be dumpstered.  No transaction fees?  Eh.  Bitcoin isn't that bad, and it's not going to end up getting used as a currency anyway.
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January 29, 2017, 07:37:07 AM
 #19

Spoetnik is a guy so monumentally full of shit that I even unignored him because I was kinda missing those shitposts.

Bitshares - advanced decentralized exchange and asset platform.
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January 29, 2017, 09:05:56 AM
 #20

Spoetnik is a guy so monumentally full of shit that I even unignored him because I was kinda missing those shitposts.

That made me smile ear to ear.. funny  Cheesy

Well i brought up 1 specific issue at first here but it is a larger topic.

Do i know my assertion is absurd ? yes i do Wink
But as you can all see from the guys Solar Powered wallets idea.
That THERE may be in fact something we could do to dramatically improve the situation (of having no power for months)
We need to try though !

Who would have thought Bitcoin was coming way back ?
The idea of having a block-chain was genius no ?
So to me this Altcoin stuff should be about ..innovation. (over Bitcoin)

So i don't see any.
Maybe ANON features ..but i am convinced they are a bad innovation. (a key distinction)
They are screwed when it comes to adoption matters i think.
I have harped on that enough Wink

I am more interested in losing power for a few months.
What will our coin scene be like ?
Is it wrong to look at this matter ?

Will coin prices be decimated on Exchanges ? Will they come back ?
What will happen with various coins ?
Such as a standard coin like BTC or similar ?
Sounds like fork central to me  Cheesy

I just hoped to bring up an interesting topic.
The users hoping to make money off this stuff seem to have a rather WIDE definition of the word "Innovation"
I deem it to be something that improves on Bitcoin.
For example.. is STEEM a blogging platform thingy an improvement or.. just different ?

The only thing i ever hoped to accomplish here is to get people thinking.
If no one replied here i would have failed Sad

Anyway so what do you think it would be like if North America lost power for a few months ?
The entire coin scene would simply resume and pick up where it left off later with no issues ?
Is there something we can all do ahead of time ?

I envision a new currency that people claim will make FIAT obsolete to be able to be used even with out power.
The fact FIAT is reliant on power and the web and satellites etc is a major problem as well.
I think we have a few scenarios too.. a few days or a few months (longer than that society will be damaged pretty bad)

NOTE:
South Korea and Germany are the two companies who make those giant power transformers.
North America has no replacements.
They need to be sent on boats and loaded onto special flat bed rail cars on trains.
They are VERY expensive.
If enough of them were fried out from a CME across North America do NOT hold your breath waiting for them to get fixed any time soon.

We are talking about the possible collapse of civilization and the transfer to a possible barter economy.
How does Crypto fit into this ? Any ideas people ?

You guys replying here ARE the front line.
It could be one of you here & now that has a revolutionary idea that is used globally.

PPS:
in 2012 a major one passed Earth's orbit 2 weeks afterwards.. we were ALMOST nailed hard (again)

FUD first & ask questions later™
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