Proceed_With_GAWtion
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March 08, 2015, 08:29:05 PM |
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If transactions confirm instantly, it ain't a cryptocurrency. If it's a cryptocurrency, transactions ain't confirming instantly.
Paycoin ain't a cryptocurrency. Confirmed, yo.
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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vObh0n]6W
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March 08, 2015, 08:31:14 PM |
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Yes, I've initiated paycoin transactions. They go through instantly just like any other coin. The question is how long it takes to confirm, and there paycoin is faster because the block time is lower than bitcoin's. There is nothing special besides that.
If you cannot understand that difference we have nothing to talk about. You aren't being very clear on what you mean by instant, and have given me no reason to think you have a clue what you're talking about. Say exactly what you mean, and maybe we can make sense out of it. |
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Cash BTC
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March 08, 2015, 08:34:42 PM |
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If it's a cryptocurrency, transactions ain't confirming instantly.
I never said that. |
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-Redacted-
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March 08, 2015, 08:36:30 PM |
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Yes, I've initiated paycoin transactions. They go through instantly just like any other coin. The question is how long it takes to confirm, and there paycoin is faster because the block time is lower than bitcoin's. There is nothing special besides that.
If you cannot understand that difference we have nothing to talk about. You do realize that every wallet that stakes is "mining", and every stake that gets paid out is a mined block, correct? There is nothing magic about Paycoin - it's a PoS (in multiple senses) altcoin with 1 minute block times. No hyper-flux-capacitor, Orion, or any other special transaction-processing nodes exist. It's just a peercoin clone with 50 "Prime controller" addresses stuck into the code. The only thing special about these addresses is that coins in them hyper-stake at 3500% APR. where normal wallets stake at 5% APR. |
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Cash BTC
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March 08, 2015, 08:39:53 PM |
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You do realize that every wallet that stakes is mining, and every stake that gets paid out is a mined block, correct? There is nothing magic about Paycoin - it's a PoS (in multiple senses) altcoin with 1 minute block times. No hyper-flux-capacitor, Orion, or any other special transaction-processing nodes exist. It's just a peercoin clone with 50 "Prime controller" addresses stuck into the code. The only thing special about these addresses is that coins in them hyper-stake at 3500% APR. where normal wallets stake at 5% APR.
So... how it is that Paycoin can have instant transaction time when no other coin can achieve that? If I had time to do that I will search the code, but I'm too busy in making money myself at the moment. |
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vObh0n]6W
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March 08, 2015, 08:40:49 PM |
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You do realize that every wallet that stakes is mining, and every stake that gets paid out is a mined block, correct? There is nothing magic about Paycoin - it's a PoS (in multiple senses) altcoin with 1 minute block times. No hyper-flux-capacitor, Orion, or any other special transaction-processing nodes exist. It's just a peercoin clone with 50 "Prime controller" addresses stuck into the code. The only thing special about these addresses is that coins in them hyper-stake at 3500% APR. where normal wallets stake at 5% APR.
So... how it is that Paycoin can have instant transaction time when no other coin can achieve that? If I had time to do that I will search the code, but I'm too busy in making money myself at the moment. It can't. Like I tried telling you a couple of times. |
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Cash BTC
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March 08, 2015, 08:41:55 PM |
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You aren't being very clear on what you mean by instant, and have given me no reason to think you have a clue what you're talking about.
Say exactly what you mean, and maybe we can make sense out of it.
You see no sense as you see no difference. |
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-Redacted-
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March 08, 2015, 08:43:46 PM |
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You do realize that every wallet that stakes is mining, and every stake that gets paid out is a mined block, correct? There is nothing magic about Paycoin - it's a PoS (in multiple senses) altcoin with 1 minute block times. No hyper-flux-capacitor, Orion, or any other special transaction-processing nodes exist. It's just a peercoin clone with 50 "Prime controller" addresses stuck into the code. The only thing special about these addresses is that coins in them hyper-stake at 3500% APR. where normal wallets stake at 5% APR.
So... how it is that Paycoin can have instant transaction time when no other coin can achieve that? If I had time to do that I will search the code, but I'm too busy in making money myself at the moment. I'm guessing you've never actually sent any anywhere and waited for the requisite number of confirms then. Yes - go make money with your Paycoin. They're going to be worth $20 each some day, right? Better buy up all of that shitcoin you can. And if you get a chance, take the time to learn a little something about crypto instead of just spouting bullshit. |
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vObh0n]6W
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March 08, 2015, 08:47:07 PM |
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You aren't being very clear on what you mean by instant, and have given me no reason to think you have a clue what you're talking about.
Say exactly what you mean, and maybe we can make sense out of it.
You see no sense as you see no difference. Should we call troll at this point? |
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Cash BTC
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March 08, 2015, 08:47:26 PM |
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I'm guessing you've never actually sent any anywhere and waited for the requisite number of confirms then. Yes - go make money with your Paycoin. They're going to be worth $20 each some day, right? Better buy up all of that shitcoin you can. And if you get a chance, take the time to learn a little something about crypto instead of just spouting bullshit.
One thing that americans and british do not differ: kindness. |
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vObh0n]6W
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March 08, 2015, 08:49:57 PM |
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You aren't being very clear on what you mean by instant, and have given me no reason to think you have a clue what you're talking about.
Say exactly what you mean, and maybe we can make sense out of it.
You see no sense as you see no difference. Should we call troll at this point? Troll is the thread itself: "Re: GAW Miners Paybase Paycoin unofficial uncensored discussion.ALWAYS MAKE MONEY  " Paycoin never said "ALWAYS MAKE MONEY". It wasn't a direct quote from paycoin, I believe it was there even before they decided on the name. Maybe you should get some reading comprehension skills? Edit: ok great, you just admitted you're trolling. Have fun, but expect to get banned soon. |
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GAW_Homero
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March 08, 2015, 08:51:01 PM |
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how it is that Paycoin can have instant transaction time when no other coin can achieve that? Ridiculous. https://www.darkcoin.io/wp-content/uploads/2014/09/InstantTX.pdfUsing InstantX will gain 5 Masternode-level confirmations within seconds from the network, then with an average of 1.25 minutes a 6th block-level confirmation will make funds spendable on most websites. |
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Cash BTC
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March 08, 2015, 08:51:13 PM |
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It wasn't a direct quote from paycoin, I believe it was there even before they decided on the name.
So... this thread is for Paycoin heters? |
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March 08, 2015, 08:53:14 PM |
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vObh0n]6W
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March 08, 2015, 08:54:08 PM |
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It wasn't a direct quote from paycoin, I believe it was there even before they decided on the name.
So... this thread is for Paycoin heters? Hm. If I just said that the thread was around before paycoin was, then obviously that's the logical conclusion, right? |
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March 08, 2015, 08:55:58 PM |
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Hm. If I just said that the thread was around before paycoin was, then obviously that's the logical conclusion, right?
How can this thread have been around before Paycoin was, it has the word Paycoin in the title: " Re: GAW Miners Paybase Paycoin unofficial uncensored discussion.ALWAYS MAKE MONEY )" And if that was added later: this thread had become a thread for Paycoin heters. |
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-Redacted-
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March 08, 2015, 08:56:21 PM |
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It wasn't a direct quote from paycoin, I believe it was there even before they decided on the name.
So... this thread is for Paycoin heters? Hm. If I just said that the thread was around before paycoin was, then obviously that's the logical conclusion, right? Seems like Vlad got himself a new account. I just ignored him same as Vlad. |
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Cash BTC
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March 08, 2015, 08:59:16 PM |
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Instant transaction time is the only feature that can make cryptocurrencies go mainstream. I'm also looking at FastCoin at the moment, which claim to be the fastest cryptocurrency so far. Link: https://bitcointalk.org/index.php?topic=218852.0 |
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racebyu
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March 08, 2015, 09:00:14 PM |
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You do realize that every wallet that stakes is mining, and every stake that gets paid out is a mined block, correct? There is nothing magic about Paycoin - it's a PoS (in multiple senses) altcoin with 1 minute block times. No hyper-flux-capacitor, Orion, or any other special transaction-processing nodes exist. It's just a peercoin clone with 50 "Prime controller" addresses stuck into the code. The only thing special about these addresses is that coins in them hyper-stake at 3500% APR. where normal wallets stake at 5% APR.
So... how it is that Paycoin can have instant transaction time when no other coin can achieve that? If I had time to do that I will search the code, but I'm too busy in making money myself at the moment. Instant transactions, well not really, Paycoin was faster then BTC for sure but for instant transactions go and try AI-Coin, now there is nothing faster, plain and simple. There is a thread on this new coin in the forums here. |
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