carpetbagger
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You can trust me, I have an avatar
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November 15, 2014, 12:13:45 PM |
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BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it.
If you say so |
♔ Keep clam & hodl on
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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OrientA
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November 15, 2014, 03:00:31 PM |
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BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it.
BTC is and will be the No 1 coin for long time. |
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bitcoinrocks
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November 15, 2014, 03:04:59 PM |
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BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it.
True. BTC is and will be the No 1 coin for long time.
Also true. |
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sdersdf3
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November 15, 2014, 03:38:30 PM
Last edit: November 15, 2014, 03:51:38 PM by sdersdf3 |
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BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it.
BTC is and will be the No 1 coin for long time. Really? It looks increasingly like just another pump-and-dump altcoin, just waiting to get displaced by Ethereum or some other blockchain 2.0. |
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bigj
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November 17, 2014, 10:15:22 PM |
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aminorex
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Sine secretum non libertas
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November 18, 2014, 06:11:43 AM |
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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.) I am using a time-horizon discrimination between "trade" and "investment". XCP has been a marvelous long trade. Would I buy it, walk away, and come back in 10 years expecting my investment to have appreciated or even retained its value over that time? No. It has been a brilliant trade. That does not make it a less crappy investment. |
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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aminorex
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Sine secretum non libertas
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November 18, 2014, 06:13:48 AM |
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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. Do you think it is non-trivial to dilute XCP, or do you think that trivially dilutable issuances can be investment grade nonetheless? |
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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superresistant
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November 18, 2014, 11:38:36 AM |
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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.) I am using a time-horizon discrimination between "trade" and "investment". XCP has been a marvelous long trade. Would I buy it, walk away, and come back in 10 years expecting my investment to have appreciated or even retained its value over that time? No. It has been a brilliant trade. That does not make it a less crappy investment. I sold all my XCP in private before it came on an exchange and made a 15X time profit. I was very very lucky. Straight after entering an exchange it's been dumped, for a whole year and it was a crappy investment unless you've been holding until now which I think very very few people did. Now that it's been pumped, it is very risked to invest. You could end up being the fool that buy at the top and sell at a loss. About XMR, it is one of the best (long term) investment right now in my opinion. The tech is brand new and no other crypto can compare to it (apart from BBR). I am not saying that there is no risk but the potential make me dizzy just thinking about it. Nothing has been made yet, only some development, no communication, no hype. When it'll get a bit of awareness, I expect a much bigger pump than XCP. The problem is that people only look at the today-pumps and do not care about the long term. Most people are here for a get rich quick scheme. They don't understand that it happen to few people because of luck and that most people end up losing everything trying all the short term pump&dumps. |
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nakaone
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November 18, 2014, 12:27:48 PM |
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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. Do you think it is non-trivial to dilute XCP, or do you think that trivially dilutable issuances can be investment grade nonetheless? I am not exactly sure what you mean by dilutable - but I assume that you use it the way that the function of xcp can be copied within its own protocol. I think you are right regarding that - this was true until last week. But even in this case it was reasonable to assume that the native currency of the protocol was more widely accepted and used than the newly created tokens. Even point 1 changed a little bit due to the ethereum fork and the usage of xcp as fee. There is a second point regarding the crappy investment. I was with these guys since the inception of counterparty aka page 2 of the announcement thread. They knew exactly what they wanted to do and basically did it over the whole period of time. After ~3 month they left our beloved nest of bitcointalk to join the financial industry and tell the world what they created. They convinced worldwide quite a group of important people that it is worth taking a look - the effects of this can be seen now. Counterparty is regarding the quality of manpower/ development as well as the outcome of that the reference in the altcoin scene - we should not forget that it is 11 months old. I raised over the whole period of time exactly the same question which you are raising now - what is this strange token xcp and why should it be worth something. They did not convince me (exception maybe now the with the ethereum fee) by purely economical reasons, even though they were also existent. but they convinced me by action. I stopped raising this question. This is not xmr, which is definetely under all logical aspects the investment with the highest long term expected value which was started this year. But code as well as projects are driven by people, which is at least as important as the logical reasoning - for more information look in the msc thread  . |
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BldSwtTrs
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November 18, 2014, 12:43:50 PM
Last edit: November 18, 2014, 05:53:45 PM by BldSwtTrs |
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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. Do you think it is non-trivial to dilute XCP, or do you think that trivially dilutable issuances can be investment grade nonetheless? I don't understand what you mean regarding that trivial to dilute point. It's trivial to dilute BTC too, what is non-trivial is to make people use your diluted alternative. |
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dewdeded
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Monero Evangelist
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November 18, 2014, 02:03:25 PM |
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Can someone give an explanation for "trivial to dilute it (infinitely)" for non-native speakers?
What does this mean? What is going to be diluted?
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e-coinomist
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Money often costs too much.
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November 20, 2014, 03:52:02 PM |
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Can someone give an explanation for "trivial to dilute it (infinitely)" for non-native speakers?
What does this mean? What is going to be diluted? Point! As regards “unifying force”, I can't help but conclude that the only unifying force that this community experiences collectively is gravity. With a more positive stance, since that quote above was from a thread talking about brand identity, nomen est omen or memorable collectibles. Language has to reach across national or political barriers. You cannot name anything "Somethingparty" and expect reception. Well maybe they want to relabel that later on. I was mildly surprised by my own reaction on the label. Perhaps naming a coin is of more importance then it is currently assumed. Anycoin, ShitXShares, Dogefunny are for the trashcan. |
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CryptoNote.eu
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November 20, 2014, 04:19:33 PM |
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If you are interested in general cryptonote-related chat: Please join the channel #cryptonotes on the Freenode IRC network.
If you are new to Freenode or IRC in general, please see https://freenode.net/ for infos how to join chatroom. |
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binaryFate
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Still wild and free
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November 20, 2014, 04:41:53 PM |
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If you are interested in general cryptonote-related chat: Please join the channel #cryptonotes on the Freenode IRC network.
If you are new to Freenode or IRC in general, please see https://freenode.net/ for infos how to join chatroom. Are you related to the "cryptonote foundation"? To the website https://cryptonotestarter.org/ or https://cryptonotefoundation.org/ ? |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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CryptoNote.eu
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November 20, 2014, 05:21:27 PM |
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No, we are the first independent CryptoNote Community. We are just normal CN users and devolopers, mostly with XMR and/or BBR background. But we are open to everbody & would like to welcome people from every CN-based coin or project. There is no relationship with cryptonote.org-owners or CryptoNote Foundation. We see their actions critically and dissociate from their obvious wrong doings. Our thread is: https://bitcointalk.org/index.php?topic=658884 , the chatroom is mentioned above. That's all. The idea is to allow coin-neutral cryptonote-related discussions, independent from the people that call themselves CryptoNote Foundation and their CryptoNote.org forum. |
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binaryFate
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Still wild and free
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November 20, 2014, 06:27:49 PM |
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No, we are the first independent CryptoNote Community. We are just normal CN users and devolopers, mostly with XMR and/or BBR background. But we are open to everbody & would like to welcome people from every CN-based coin or project. There is no relationship with cryptonote.org-owners or CryptoNote Foundation. We see their actions critically and dissociate from their obvious wrong doings. Our thread is: https://bitcointalk.org/index.php?topic=658884 , the chatroom is mentioned above. That's all. The idea is to allow coin-neutral cryptonote-related discussions, independent from the people that call themselves CryptoNote Foundation and their CryptoNote.org forum. Why does CryptoNote.eu redirects to https://cryptonote.org  Can you cite some of the "CN users and developers, mostly XMR and BBR background" that would vouch for your account? |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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Este Nuno
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amarha
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November 20, 2014, 07:14:27 PM |
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No, we are the first independent CryptoNote Community. We are just normal CN users and devolopers, mostly with XMR and/or BBR background. But we are open to everbody & would like to welcome people from every CN-based coin or project. There is no relationship with cryptonote.org-owners or CryptoNote Foundation. We see their actions critically and dissociate from their obvious wrong doings. Our thread is: https://bitcointalk.org/index.php?topic=658884 , the chatroom is mentioned above. That's all. The idea is to allow coin-neutral cryptonote-related discussions, independent from the people that call themselves CryptoNote Foundation and their CryptoNote.org forum. Why does CryptoNote.eu redirects to https://cryptonote.org Can you cite some of the "CN users and developers, mostly XMR and BBR background" that would vouch for your account? CryptoNote team trying to create a new identity and leave the old tainted one behind? |
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smooth
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November 20, 2014, 07:33:50 PM |
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No, we are the first independent CryptoNote Community. We are just normal CN users and devolopers, mostly with XMR and/or BBR background. But we are open to everbody & would like to welcome people from every CN-based coin or project. There is no relationship with cryptonote.org-owners or CryptoNote Foundation. We see their actions critically and dissociate from their obvious wrong doings. Our thread is: https://bitcointalk.org/index.php?topic=658884 , the chatroom is mentioned above. That's all. The idea is to allow coin-neutral cryptonote-related discussions, independent from the people that call themselves CryptoNote Foundation and their CryptoNote.org forum. Why does CryptoNote.eu redirects to https://cryptonote.org Can you cite some of the "CN users and developers, mostly XMR and BBR background" that would vouch for your account? Most of the people posting on that thread are well-known CN users and developers. It looks like jwinterm created the IRC channel and he's definitely well known. I tried out the channel the other day and it seemed okay, although some there seemed a bit ignorant about "Cryptonote" (the original group) being a bunch of scammers. I can't vouch for this new "CryptoNote.eu" account though. |
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CryptoNote.eu
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November 21, 2014, 01:06:07 AM |
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Redirect fixed. Can you cite some of the "CN users and developers, mostly XMR and BBR background" that would vouch for your account?
If this is really needed, I can ask some people. But just come to IRC, you will see that most nicknames in chatroom are familiar and known not to be related to CN.org. Maybe my wording above wasn't perfect (including "developers"). We are more inspired by the concept of an classical user group, as defined on: http://en.wikipedia.org/wiki/Users%27_group for example. Like I said, there is currently only the thread for discussion and the chatroom for chat. Nothing more. So we are no real user group at the moment. |
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