iCEBREAKER
Legendary
 Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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August 03, 2014, 09:52:03 PM |
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6) mini-blockchain radically improves BTC scalability (Holy Grail of pruning)
Nice theory! +1 But: Is this new piece of technology really relevant for practitioners (meaning no-tech guys / real-world dudes)? Speaking for myself, I want a full PoW node running on my phone ASAP. |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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Anotheranonlol
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August 03, 2014, 09:53:30 PM |
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Tailored sales pitch for rpietila: 1) Start with some hyperbolic upside talk. 2) Wine comparisons.(nice, someone knows his customer  ) 3) Obligatory AnonyMint reference. 4) Make sure not to step on any XMR toes while making it clear that both currencies are the best thing since sliced bread. Even if rpietila doesn't buy any XCN I think he should offer you a job as Head of Sales at Malla.  6) mini-blockchain radically improves BTC scalability (Holy Grail of pruning)
Nice theory! +1 But: Is this new piece of technology really relevant for practitioners (meaning no-tech guys / real-world dudes)? Speaking for myself, I want a full PoW node running on my phone ASAP. Meanwhile everyone else just runs SPV clients or remotely hosted wallets |
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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August 03, 2014, 09:55:56 PM
Last edit: August 04, 2014, 01:45:43 AM by iCEBREAKER |
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Meanwhile everyone else just runs SPV clients or remotely hosted wallets shops at Target with their compromised credit cards
fixed it. no charge. |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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sonoIO
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August 04, 2014, 01:29:52 AM |
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Decrease in pumping potential of every new "short POW -> POS" scam with privacy vaporware is not insignificant. They may just die off relatively quickly altogether.
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Quanttek
Member
Offline
Activity: 93
Merit: 10
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August 04, 2014, 01:40:07 AM |
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Tailored sales pitch for rpietila: 1) Start with some hyperbolic upside talk. 2) Wine comparisons.(nice, someone knows his customer ) 3) Obligatory AnonyMint reference. 4) Make sure not to step on any XMR toes while making it clear that both currencies are the best thing since sliced bread. Even if rpietila doesn't buy any XCN I think he should offer you a job as Head of Sales at Malla. 6) mini-blockchain radically improves BTC scalability (Holy Grail of pruning)
Nice theory! +1 But: Is this new piece of technology really relevant for practitioners (meaning no-tech guys / real-world dudes)? Speaking for myself, I want a full PoW node running on my phone ASAP. Meanwhile everyone else just runs SPV clients or remotely hosted wallets And that's exactly why mini-blockchains are useful: They help the currency to stay decentralized, because everybody can run a full node without a large effort or cost. While this is, of course, not a large sell point for the normal user, it's important to sustain a healthy network. Also it has the advantage to allow micro-transactions more and don't have to essentially ban them (like bitcoin) |
Enthusiast. Neither trader, nor miner and also no big investor.
Community Manager for Monero
PM if you need mine to exchange or anti-cheat algorithm for node-cryptonote-pool
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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August 04, 2014, 04:37:54 AM |
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Decrease in pumping potential of every new "short POW -> POS" scam with privacy vaporware is not insignificant. They may just die off relatively quickly altogether.
Thank God for small mercies. I was worried that I would have to buy tights and a batmobile. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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cAPSLOCK
Legendary
Offline
Activity: 3752
Merit: 5142
Whimsical Pants
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August 04, 2014, 04:41:56 AM |
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Decrease in pumping potential of every new "short POW -> POS" scam with privacy vaporware is not insignificant. They may just die off relatively quickly altogether.
Thank God for small mercies. I was worried that I would have to buy tights and a batmobile. Pretty sure now that you've said it you WILL have to. Pics. Soon. |
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dunchy
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August 04, 2014, 06:40:54 AM |
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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August 04, 2014, 07:56:00 AM |
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Regardless, XCN price was last seen headed towards the moon.  |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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bigj
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August 04, 2014, 08:08:49 AM |
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Regardless, XCN price was last seen headed towards the moon. Confirmed, the worshippers of the moon are active. +60% in 24h... moonstruck pump? |
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nakaone
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August 04, 2014, 08:20:16 AM |
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Regardless, XCN price was last seen headed towards the moon. Confirmed, the worshippers of the moon are active. +60% in 24h... moonstruck pump? now it is officially a pump and dumb. anyway gl - it needs around 50 btc daily to keep somewhat around 0.0001 the idea was btw quite nice |
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Majormax
Legendary
Offline
Activity: 2534
Merit: 1129
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August 04, 2014, 11:24:34 AM |
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Disagree. I am fine with large early holders: Only 3m coins have been mined, and another ~60m to mine in the next 12 months. |
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sonoIO
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August 04, 2014, 12:12:31 PM |
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Decrease in pumping potential of every new "short POW -> POS" scam with privacy vaporware is not insignificant. They may just die off relatively quickly altogether.
Thank God for small mercies. I was worried that I would have to buy tights and a batmobile. It is one problem less to worry about, but tights and a batmobile still may be handy as we may learn that some of miners of newer projects with good perspective do not obey all laws of physics and chemistry  |
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digicoin
Legendary
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Activity: 1106
Merit: 1000
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August 04, 2014, 02:16:29 PM |
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I will not invest in XCN at the moment. No use case for it yet. The fact that it has to compete directly to Bitcoin makes me rethink about its business model. I lost in Doge.
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uvt9
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August 04, 2014, 02:32:54 PM |
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No doubt that XCN has innovation, it help reduce needed resource for full nodes and clients. However average users will end up using light-weight clients and web wallet anyway, that would be scenario of cryptocurrency if we could reach mass adoption. People who running full node will still be limited within crypto enthusiasts only, and the "reduced cost for running full node" is actually not a big different, hard drives are getting bigger and cheaper over time.
About XMR, it seems the price will break 0.00365 soon, order book doesn't look good.
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Brilliantrocket
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August 04, 2014, 02:46:58 PM |
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So Monero Jesus's magic number of .00365 was broken. What happens now? I think any analysis involving what amounts to arbitrarily chosen magic numbers is pure bullshit.
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digicoin
Legendary
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Activity: 1106
Merit: 1000
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August 04, 2014, 02:48:52 PM |
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It is great if Litecoin adopts mini-chain. It will be a huge win for Litecoin. However, I am not sure if Litecoin devs are competent. I have never thought that Litecoin coders are good
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digicoin
Legendary
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Activity: 1106
Merit: 1000
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August 04, 2014, 02:49:21 PM |
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So Monero Jesus's magic number of .00365 was broken. What happens now? I think any analysis involving what amounts to arbitrarily chosen magic numbers is pure bullshit.
Sad but true |
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rpietila (OP)
Donator
Legendary
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Activity: 1722
Merit: 1036
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August 04, 2014, 02:53:51 PM |
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So Monero Jesus's magic number of .00365 was broken. What happens now? I think any analysis involving what amounts to arbitrarily chosen magic numbers is pure bullshit.
First, let's see close below 0.00365 to be clear of the situation. THEN: That 0.00365 was broken, means that the uptrend that started July 13 in Poloniex when the price was 0.002315, is likely ended. Thus no lower price cannot be ruled out, there is no real support in lower levels except 350 (soon broken), 250, 231 and 175. Yes, breaking 365 means a great deal. It means that we are going down. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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