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flapman1
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November 05, 2014, 12:54:30 PM |
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Scammed how? The thread is just a description of what some guys have done with Pandacoin and Dogecoi just information. Anyone into crypto ought be exited it is actually being used. To my mind, someone buying a beer in downmarket Romanian bar with an alt is more important than endless chart analysis and mental wanking off. Look at this: https://bitcointalk.org/index.php?topic=846866.0While you all are throwing math and charts around little Pandacoin looks like it has quietly become the first crypto with real world use. Who would have guessed? LOL. I'm a Panda supporter but had no idea it was being used for more than buying beef jerky or mugs, etc. Who ever believes you/them, deserves to be scammed. I live there and I know it's not used. |
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Shrikez
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November 05, 2014, 01:54:13 PM |
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I was donating my free CPU power on distributed computing projects like World Community Grid using Boinc about 7 years before I became interested in Bitcoin second half of 2013. I could think of many problems using for example biological research computational problems for proof of work (like who is giving the tasks - centralization, comparison between tasks difficulty - someone get easier tasks, ...) and I'm sure there were some good discussions on those problems. Is there any active research on it? Could someone point me to such discussions and/or research? It would be great if you could mine to secure the network and at the same time find solutions to science problems. There are a lot of NP-hard computational problems in science which are not expected to be efficiently solvable even on a quantum computer. If the people are payed to "mine" for the answers this could contribute to the science progress a lot and give the answers to many questions (to cure diseases, study global warming, ...). I would gladly give such a cryptocurrency my computing power. There is something wrong with this meaningless hashes used for mining and I hope a solution is possible to replace them with meaningful tasks instead. I just saw the Bitcoin Utopia Boinc project, but it's completely different - it is donating 90% of your mining income for science projects, take 10% fee (lol) and you don't get anything in return. Hi Equipoise, do you mean something like Curecoin? You get awarded Curecoins for participating at the Folding@Home project (Protein Folding). I did this for a while but then XMR came along and I switched over my miners. |
Die Würde des Menschen ist unantastbar
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Anotheranonlol
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November 05, 2014, 03:08:33 PM |
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I was donating my free CPU power on distributed computing projects like World Community Grid using Boinc about 7 years before I became interested in Bitcoin second half of 2013. I could think of many problems using for example biological research computational problems for proof of work (like who is giving the tasks - centralization, comparison between tasks difficulty - someone get easier tasks, ...) and I'm sure there were some good discussions on those problems. Is there any active research on it? Could someone point me to such discussions and/or research? It would be great if you could mine to secure the network and at the same time find solutions to science problems. There are a lot of NP-hard computational problems in science which are not expected to be efficiently solvable even on a quantum computer. If the people are payed to "mine" for the answers this could contribute to the science progress a lot and give the answers to many questions (to cure diseases, study global warming, ...). I would gladly give such a cryptocurrency my computing power. There is something wrong with this meaningless hashes used for mining and I hope a solution is possible to replace them with meaningful tasks instead. I just saw the Bitcoin Utopia Boinc project, but it's completely different - it is donating 90% of your mining income for science projects, take 10% fee (lol) and you don't get anything in return. I believe ripple labs rewarded users XRP for joining their World community grid team on their computing for good project some months ago (now defunct) Nowadays you have curecoin as mentioned above, as well as foldingcoinDonors to Folding@home have always received a "feel good" high score on a web page. They are helping create medicines without doing anything other than running a program. But there were no tangible rewards. Until now. Using Bitcoin 2.0 technology, we have created a "FoldingCoin" token (FLDC) that is distributed to you as a reward for folding. This is a new currency that can be transferred from person to person using the Bitcoin blockchain and the Counterparty protocol. FoldingCoin is valuable because it represents time and resources you contributed to research new medicine There also exists gridcoin, solarcoin and primecoin offering some sustainable and "useful" purpose to the PoW function. |
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TheUniporn
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Activity: 83
Merit: 10
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November 05, 2014, 03:14:57 PM |
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someone buying a beer in downmarket Romanian bar with an alt is more important than endless chart analysis and mental wanking off. Look at this: https://bitcointalk.org/index.php?topic=846866.0While you all are throwing math and charts around little Pandacoin looks like it has quietly become the first crypto with real world use. Who would have guessed? LOL. I'm a Panda supporter but had no idea it was being used for more than buying beef jerky or mugs, etc. Who ever believes you/them, deserves to be scammed. I live there and I know it's not used. But they are not. That post made it sound not only that is happens but that it happens often. Besides in a wild imagination, where are these bars/taxis/etc.? Stop trying to pump it with stupid lies. I would be amazed if even 2% of all the taxi drivers in Bucharest ever heard of bitcoin not to mention accepting it, and now you're saying that some casually accept shitcoins? |
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Come-In-Behind
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November 12, 2014, 06:41:26 PM |
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Counterparty is too slow. It's not smart to use btc's blockchain either way....BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it. |
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visual111
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November 13, 2014, 02:59:37 AM |
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Counterparty is too slow. It's not smart to use btc's blockchain either way....BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it. Could they speed up confirmation times? |
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hill
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Activity: 68
Merit: 10
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November 14, 2014, 05:10:58 PM |
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Counterparty is real business. |
Good Luck For Everyone!
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5000Bitcoins
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November 14, 2014, 05:56:17 PM |
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Counterparty is real business. I think they have some promise too. They might soak up a lot of altcoin volume. |
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aminorex
Legendary
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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November 14, 2014, 10:16:44 PM |
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XCP may be a wonderful tech, and a real solution to many problems. It is a crappy investment because it is trivial to dilute it infinitely.
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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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rdnkjdi
Legendary
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Activity: 1256
Merit: 1009
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November 14, 2014, 10:27:02 PM
Last edit: November 14, 2014, 11:06:26 PM by rdnkjdi |
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XCP may be a wonderful tech, and a real solution to many problems. It is a crappy investment because it is trivial to dilute it infinitely.
http://www.reddit.com/r/ethereum/comments/2mawf1/ethereum_forks_counterparty/FWIW Counterparty copied ethereum. Ethereum re-created (or tried to) counterparty in 350 lines of code. Big difference between rewriting and cloning |
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BldSwtTrs
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Activity: 861
Merit: 1010
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November 14, 2014, 10:37:54 PM |
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XCP may be a wonderful tech, and a real solution to many problems. It is a crappy investment because it is trivial to dilute it infinitely.
What makes XCP easier to dilute than XMR for example? (Btw XCP is up +2000% this year, this is a fact. "Crappy investment" is a point of view.) |
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nakaone
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November 14, 2014, 11:44:14 PM |
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XCP may be a wonderful tech, and a real solution to many problems. It is a crappy investment because it is trivial to dilute it infinitely.
I guess sir and I really normally appreciate your analysis as well as your opinion - you are wrong here. |
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Majormax
Legendary
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Activity: 2534
Merit: 1129
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November 14, 2014, 11:56:01 PM |
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Counterparty is too slow. It's not smart to use btc's blockchain either way....BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it. Alternatives will take time to build up. The problem with Clearinghouse is , although VIA is custom built and fast, it does not have the distribution of BTC. |
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drawingthesun
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Activity: 1176
Merit: 1015
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November 15, 2014, 04:19:11 AM |
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Is Monero still being taken seriously?
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rangedriver
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November 15, 2014, 04:22:35 AM |
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Is Monero still being taken seriously?
Very much so. |
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jwinterm
Legendary
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Activity: 3136
Merit: 1116
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November 15, 2014, 05:03:10 AM |
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Counterparty is too slow. It's not smart to use btc's blockchain either way....BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it. Alternatives will take time to build up. The problem with Clearinghouse is , although VIA is custom built and fast, it does not have the distribution of BTC. So what you're saying is dogeparty? |
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devphp
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November 15, 2014, 10:55:32 AM |
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Counterparty is too slow. It's not smart to use btc's blockchain either way....BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it. Alternatives will take time to build up. The problem with Clearinghouse is , although VIA is custom built and fast, it does not have the distribution of BTC. So what you're saying is dogeparty? Dogeparty is a nice compromise between Counterparty and Clearinghouse, it just has the right combination of speed/community support/distribution. I see Dogeparty being more successful in the future than both of those. Just wait for someone to actually start trading serious with Counterparty, they'll be cursing the slowness of Bitcoin blockchain with every trade, not exactly a good user experience. What we're seeing now is a usual marketing hype, Auroracoin type, with no fundamental reasons, pure guesstimates and hyped beliefs. |
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nakaone
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November 15, 2014, 11:06:05 AM |
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Counterparty is too slow. It's not smart to use btc's blockchain either way....BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it. Alternatives will take time to build up. The problem with Clearinghouse is , although VIA is custom built and fast, it does not have the distribution of BTC. So what you're saying is dogeparty? Dogeparty is a nice compromise between Counterparty and Clearinghouse, it just has the right combination of speed/community support/distribution. I see Dogeparty being more successful in the future than both of those. Just wait for someone to actually start trading serious with Counterparty, they'll be cursing the slowness of Bitcoin blockchain with every trade, not exactly a good user experience. What we're seeing now is a usual marketing hype, Auroracoin type, with no fundamental reasons, pure guesstimates and hyped beliefs. all these projects are done for niches. when you think what counterparty can provide - you see that it is on the most secure blockchain, it can use spin-off effects, as well as reliable technology. in case regulation works well it is a no-brainer. the argument with the slowness of the btc blockchain is true. byrne even argues that it is a feature that it is not that fast. counterparty wants the niche of high secure, low volume, high amounts trade. if you look closer in the finance market, these niche is existent and it is not the worst idea to fill it. high frequency trading will probably never be done on a blockchain, see vitaliks posts from the beginning of the year in the xcp thread. the difference between a one, five or ten minute confirmation is in certain fields not that important. all that said xcp is a highly risky investment. compared to all other 2.0 projects it is nevertheless at this point by far the best. further I doubt that it is possible to overtake it within the next six months regarding development, embeddedness as well as industry connections. look in the msc thread where they discuss the problem of not-being-first-mover anymore this is true for all competing projects. |
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Anotheranonlol
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November 15, 2014, 12:11:47 PM
Last edit: November 15, 2014, 12:56:59 PM by Anotheranonlol |
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XCP may be a wonderful tech, and a real solution to many problems. It is a crappy investment because it is trivial to dilute it infinitely.
Appreciate the matter-of-fact statement that XCP is a "crappy investment because it is trivial to dilute it infinitely.".  As far as measuring whether up until this date it has been a crappy investment XCP has one of the lowest ratio of bagholders/ those with taken or currently realisable profits in the markets today.(Unlike, say XMR... in which many, if not majority of investors are underwater, so have to take that with a pinch of salt ) Almost anyone who touched XCP (perhaps with exception of a few trades in the past several days) is in the black. Very early days for CounterParty. facepalm to whoever compared it to auroracoin, insinuating it will be overtaken by dogeparty It's not smart to use btc's blockchain either way....BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it.
Another completely subjective matter of fact statement. what is your timeline on 'eventually'? and why would that matter for today |
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