visual111
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September 15, 2014, 03:44:49 PM |
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It's still possible of course that we're dealing with some sort of ultra-intelligent sociopath who's planning on pulling a Gox level scam down the road and this is just him laying the ground work. The thing about that is we would never be able to tell the difference anyway at this point and you could say the same about anyone who appears to be honestly running any large project. I doubt that is the case though personally.
Based on jl777's posts, I think jl777's motivations are primarily ideological, not financial note: I am invested in jl777 projects
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No Gods or Kings. Only Bitcoin
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Este Nuno
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amarha
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September 15, 2014, 04:21:32 PM |
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It's still possible of course that we're dealing with some sort of ultra-intelligent sociopath who's planning on pulling a Gox level scam down the road and this is just him laying the ground work. The thing about that is we would never be able to tell the difference anyway at this point and you could say the same about anyone who appears to be honestly running any large project. I doubt that is the case though personally.
Based on jl777's posts, I think jl777's motivations are primarily ideological, not financial note: I am invested in jl777 projectsYes, I agree. That seems to be the case. He's very passionate about his views and often gets off track with long anti-authoritarian rants and tirades against fiat. lol He seems to view superNET as a way to get the world away from fiat. "Unite disparate cryptocurrencies by fostering collaboration" is how he puts it. Makes sense, I hope the technological part can come together.
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SlipperySlope
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September 15, 2014, 04:25:53 PM |
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Here is the one-week resolution chart for Litecoin vs Yuan from the liquid OKCoin exchange. Note that the rightmost candle, which just started its week, is relatively close to the resistance line that I drew from the December 2013 peak. It would be notable if LTC punches up through this trendline as did Dogecoin recently.
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rpietila (OP)
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September 15, 2014, 04:37:35 PM |
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I reiterated my previous proposal for matching exchanges in BTC/ALT trade. By checking the link, you have all the information required to make this happen in your favorite alt - in a week, - no coding skills or investments (except your time) are required, and the - result will make the alt's in question liquidity go up in the factor of 5x-10x when the largest holders have joined the system. The incentive for them to join is - negative trading fees, - increased liquidity of their investment, and - 90-95% less funds at a systemic counterparty risk compared to trading in an exchange that has 100% guarantee requirement of customer assets (all 24/7 exchanges except ones with leverage).
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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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rpietila (OP)
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September 15, 2014, 06:38:13 PM |
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I have to say that I became interested in Quark due to the user digitalindustry promoting it. Unfortunately my conclusions do not support investing into it, since the research confirmed my earlier belief that it is a p&d-coin with a small early community of large holders, a somewhat large "community" of bagholders from the last year's pump, and the coin is in many ways not even secure Details.I am not saying whether it is a good pump now or not, but the long-term value of the coin is zero.
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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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thefunkybits
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September 15, 2014, 07:33:58 PM |
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I have to say that I became interested in Quark due to the user digitalindustry promoting it. Unfortunately my conclusions do not support investing into it, since the research confirmed my earlier belief that it is a p&d-coin with a small early community of large holders, a somewhat large "community" of bagholders from the last year's pump, and the coin is in many ways not even secure Details.I am not saying whether it is a good pump now or not, but the long-term value of the coin is zero. Fair enough, I would agree that the long-term value proposition is shaky, but I think it's a great mid-term hold (2-6 months) What draws me to QRK is the fact that the total supply (247 Million) has already been mined and only 1 Million per year will be released to incentivize the network and anyone mining this will be doing so at a loss until the price starts to rise. For me - a small fish investor, I can't help but get in on the pump!
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infested999
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September 16, 2014, 01:38:34 AM |
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XMR has been stable for a while, and in crypo a long period of a stable price usually means a spike is coming.
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jaybny
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September 16, 2014, 02:55:22 AM |
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The first question that comes to mind is how does one prevent the transfer of the bergstake? its not a currency, its locked onto the original address, so only way to transfer is to share the private-key. So what happens when the original bergstake holders die? I can see an attack here. Sell heavily discounted mining equipment to people with very low life expectancy, wait for them to die and then launch the attack. it becomes an inheritance. seriously, if this is the only attack, we are in great shape!
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fox19891989
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September 16, 2014, 03:55:04 AM |
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XPOST from failed reboot thread: Viacoin. This is the only alt besides monero that I'm currently watching and take seriously. Another smart coin developed by btcdrak in the same vein as counterparty but without all the btc drama that comes with it. Peter Todd was hired to help with the design and is going to be implementing tree chains into the Viacoin network which he believes will solve the 51% attack problem. You can find the relevant info here: https://bitcointalk.org/index.php?topic=699278.0The developers bring the same level of quality and commitment that the monero developers have brought to XMR imo. Let's add up VIA's score: 1. Is the coin delivering a relevant technological breakthrough as the first legitimate instance of the code? ++yes - 2 points (clearinghouse and treechains) 2. Does the coin have a developer team of several people, with at least 2 public people? ++Yes - 2 points (Peter Todd, Grynn San, and drak are well known) 3. Is the software open source? ++Yes - 2 points ( https://github.com/viacoin/viacoin) 4. Involvement of Bitcoin whales/legendaries/hero members? ++Yes, so much that it inspires both awe and hate - 2 points (Otoh, Peter Todd, and myself) 5. What % of the eventual market cap is held by the 3 largest staked devs? ++<3% - 2 points ( http://www.richlist.eu/viacoin) 6. Was there a premine/instamine/ninjamine/..? ++0-1% - 2 points (presale of Block One was exemplary and successfully prevented insta/ninja/nerd mines) 7. What % of coins are mined in the first year? ++<20% - 2 points ( http://blog.viacoin.org/2014/07/07/viacoin-distribution-model.html) 8. Was there lying/deception at any point in the launch, eg. concerning pre(etc.)mine? ++no - 2 points ( http://blog.viacoin.org/2014/07/08/viacoin-presale-launch.html) 9. What's the marketcap?(* free float only) +TOP-20 marketcap - 1 point (#14 at http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/) 10. What's the trading volume? -less - 0 points 11. What's the emission (daily inflation measured by mktvalue)? -less - 0 points VIA tally = 17 Pietila Points Monero tally = 18 VIA loses points for being small, but a tiny cap doubles more easily... 10. What's the trading volume? -less - 0 points Trading volume will be huge when it is listed on Mintpal in the near future.
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rpietila (OP)
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September 16, 2014, 07:36:46 AM |
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XPOST from failed reboot thread: Viacoin. This is the only alt besides monero that I'm currently watching and take seriously. Another smart coin developed by btcdrak in the same vein as counterparty but without all the btc drama that comes with it. Peter Todd was hired to help with the design and is going to be implementing tree chains into the Viacoin network which he believes will solve the 51% attack problem. You can find the relevant info here: https://bitcointalk.org/index.php?topic=699278.0The developers bring the same level of quality and commitment that the monero developers have brought to XMR imo. Let's add up VIA's score: 1. Is the coin delivering a relevant technological breakthrough as the first legitimate instance of the code? ++yes - 2 points (clearinghouse and treechains) 2. Does the coin have a developer team of several people, with at least 2 public people? ++Yes - 2 points (Peter Todd, Grynn San, and drak are well known) 3. Is the software open source? ++Yes - 2 points ( https://github.com/viacoin/viacoin) 4. Involvement of Bitcoin whales/legendaries/hero members? ++Yes, so much that it inspires both awe and hate - 2 points (Otoh, Peter Todd, and myself) 5. What % of the eventual market cap is held by the 3 largest staked devs? ++<3% - 2 points ( http://www.richlist.eu/viacoin) 6. Was there a premine/instamine/ninjamine/..? ++0-1% - 2 points (presale of Block One was exemplary and successfully prevented insta/ninja/nerd mines) 7. What % of coins are mined in the first year? ++<20% - 2 points ( http://blog.viacoin.org/2014/07/07/viacoin-distribution-model.html) 8. Was there lying/deception at any point in the launch, eg. concerning pre(etc.)mine? ++no - 2 points ( http://blog.viacoin.org/2014/07/08/viacoin-presale-launch.html) 9. What's the marketcap?(* free float only) +TOP-20 marketcap - 1 point (#14 at http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/) 10. What's the trading volume? -less - 0 points 11. What's the emission (daily inflation measured by mktvalue)? -less - 0 points VIA tally = 17 Pietila Points Monero tally = 18 VIA loses points for being small, but a tiny cap doubles more easily... 10. What's the trading volume? -less - 0 points Trading volume will be huge when it is listed on Mintpal in the near future. Can you tell me what is the reason I should buy it. You already know what I regard as a reason...
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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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equipoise
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September 16, 2014, 10:58:44 AM |
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The Moment of Truth - Assange, Dotcom and Snowden talk against surveillance in New Zealand. Movements had started around the world and internet privacy will receive increased attention over time. This is interconnected with XMR, I2P and privacy tech in general. The Moment of Truth
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johnmatrix
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September 16, 2014, 01:00:15 PM |
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XMR has been stable for a while, and in crypo a long period of a stable price usually means a spike is coming.
Yeah but it's hard to say whether it's going to be up or down.
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Anotheranonlol
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September 16, 2014, 01:29:44 PM |
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Just heard of ViaCoin, Read this part. On 11th August, the viacoin development team announced new details regarding ClearingHouse’s internal currency, XCH, and information on how users can exchange viacoins for the new currency. Notably, a new Web-based client interface that implements the ClearingHouse protocol, Clearwallet, was also made public. But isn't this CounterParty protocol, not ClearingHouse protocol? Isn't the 'new' ClearWallet a rebranded CounterWallet ? Seems a bit disingenuous.
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Skinnkavaj
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English Motherfucker do you speak it ?
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September 16, 2014, 01:35:20 PM |
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XMR has been stable for a while, and in crypo a long period of a stable price usually means a spike is coming.
Yes, there must be a reason why we have not gone lower. The longterm uptrend looks very solid and real to me. Especially with Monero featured on LetsTalkBitcoin. This podcast will hopefully lead to people researching and finding out the truth about XMR.
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Este Nuno
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amarha
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September 16, 2014, 02:06:30 PM |
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Just heard of ViaCoin, Read this part. On 11th August, the viacoin development team announced new details regarding ClearingHouse’s internal currency, XCH, and information on how users can exchange viacoins for the new currency. Notably, a new Web-based client interface that implements the ClearingHouse protocol, Clearwallet, was also made public. But isn't this CounterParty protocol, not ClearingHouse protocol? Isn't the 'new' ClearWallet a rebranded CounterWallet ? Seems a bit disingenuous. I was under the impression that the whole point of VIA was to recreate Counterparty. I'm not sure what they plan to improve upon though.
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aminorex
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Sine secretum non libertas
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September 16, 2014, 08:06:47 PM |
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I was under the impression that the whole point of VIA was to recreate Counterparty. I'm not sure what they plan to improve upon though.
The selection of beneficiaries? But seriously, my impression is that they are pushing the ball forward on side-chains, big-time. I haven't tracked it, but that's what they paid Peter Todd to do. Getting all that work out into the public, so that people can innovate on it, is super helpful.
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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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pa
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September 16, 2014, 09:07:42 PM |
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I was under the impression that the whole point of VIA was to recreate Counterparty. I'm not sure what they plan to improve upon though.
But seriously, my impression is that they are pushing the ball forward on side-chains, big-time. I haven't tracked it, but that's what they paid Peter Todd to do. Getting all that work out into the public, so that people can innovate on it, is super helpful. In a recent video interview on VIA, PT sounded surprisingly pessimistic about whether tree-chains could be made to work. It's possible that's just false modesty, though.
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SlipperySlope
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September 16, 2014, 11:48:38 PM |
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I was under the impression that the whole point of VIA was to recreate Counterparty. I'm not sure what they plan to improve upon though.
But seriously, my impression is that they are pushing the ball forward on side-chains, big-time. I haven't tracked it, but that's what they paid Peter Todd to do. Getting all that work out into the public, so that people can innovate on it, is super helpful. In a recent video interview on VIA, PT sounded surprisingly pessimistic about whether tree-chains could be made to work. It's possible that's just false modesty, though. I did not see the interview, but be careful to distinguish between side-chains and tree-chains. The former is a method of funding a new crytpocurrency from sequested bitcoins. A side chain is not mined rather it gets its value from the sequestered bitcoins. The sidechain is a public ledger but is not the bitcoin blockchain and can accept different sorts of transactions that does bitcoin. A tree chain is a method of mining bitcoins such that attacks are more difficult. Tree chains use the bitcoin blockchain and no other. Peter Todd is most interested in tree chains. Adam Back is most interested in side chains. Both ideas require changes to Bitcoin Core and those developers are conservative with regard to radical changes unless their paid staffing increases - I think. Accelerating Bitcoin’s Transaction Processing, Fast Money Grows on Trees, Not Chains
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