Hi,

Just wondering if anyone knows the maximum transactions per second the Lightning network has actually been tested to with any links to that information?

I know the theoretical limits are over a million transactions per second but I'm after a number that has been achieved in testing or even on a real coin.

I have tried googling this and searching on these forums for the answer, but I have been unsuccessful.

Thanks.

To answer your coin seriously I like the following:
Decred
Monero
And I kinda like:
Dash
Pivx

However, if I had that much money to throw away (and I'm not saying you do) I think it could be fun to go to page 4 or 5 on Coinmarketcap.com, find some coin with a massive supply and low volume, and then buy $30,000 worth at once, by yourself you could probably 5x the price of the coin lol! and then maybe others would pile in, you never know. Its kinda scammy of course but I would love to give it a go one day.

Hi Guys,

Saw this song on Youtube, thought it was pretty funny thought people here might enjoy:

https://www.youtube.com/watch?v=UG7zLhEWanc

Lyrics for the first little bit of the song:

I was broke, unemployed,
I was starting to slouch,
I was sleeping in the basement on my mommas new couch,
That's when I heard it all, a chance to skirt it all,
A money like my last girl, completely virtual,
got the top graphics cards, got a power supply, a microprocessor, a motherboard, a tower and drive,
I put the ram in the ram slot, drive in the larger bay, topped it off, two fans, like a Chargers game!
Price spiked to 30! I missed out I fear,
Crudely assembled a rig, like a BP engineer,
My friends and family smile and smirk and all make fun of me,
But i'mma make them eat their words because I'm going to be a Bitcoin Billionaire
Spending money like I dont care, mining coin in my underwear, going to be a bitcoin billionaire
Selecting software and reading notes, i'm picking out my favorite minors like a Penn State coach,
Pick me a digital wallet for holding all my amounts,
Read up on all the ways to open up lots of accounts,
I feel like tom brady, I've got a fear of inflation,
But this is crypto baby, central bank decentralization!

Nah I'm on firefox.

I think its in a notepad file on my broken desktop somewhere, and the hard drives in it are fine its just a motherboard issue, so when I get that fixed I'm pretty sure I'll be able to get it back anyway.

I had about $60 worth of Steem on Steemit and must have written down the password wrong, I am still auto-signed in but I cant log in on any other PC or transfer the money without the password.

Not a massive loss but slightly annoying.

That seems to apply to all markets to include the stock market, not just altcoins

So many high value companies in the USA that never make any profits just running on loans for ever and ever (Amazon, Tesla etc)

I think though, a lot of the time, logic does EVENTUALLY come into play, you just have to wait long enough. Day trading certainly does not require logic though.

I dont really have any idea but if I did have to have a wild guess, and we are going to assume that they have:
1: Implemented hard fork voting
2: Implemented treasury voting
3: Have either implemented, or are well on the way to implementing, privacy

US$50 is my guess.

My understanding is that its a random chance, the more coins you have the more chance of being randomly chosen. If you stake you might get a payout in 10 mins or 3 weeks, so its kinda cumulative I guess, you had bad luck for the first 6 hours so maybe your luck will improve later.

That said I have a funny feeling you have to stake for 24 hours or something before you even have the chance.

PIVX Slack would be a better place to ask the question.

1. Decred
2. Monero
3. Hard to say the last, seeing as its only $100 and their inflation rate is not 100% anymore maybe Steem, or maybe Augur, possibly Storj.

I own the first two, I don't currently own a 3rd.

You dont need a masternode for PIVX only a staked wallet.

The less coins you have though the longer you will need to wait for a payout.

Just released a few days ago? Its over a year old now lol..

Given your very simplistic explanation of proof of stake I have a feeling your from decredtoken.io and are really here to promote your website

Fixed it up a little for you

I hope your not insinuating that when Evan Duffield released the coin early so he would have no competition and then had a "bug" in the code that caused it to spit out many many more coins than it was supposed to while he was the only one doing it, and then forgot that he could do a relaunch after the bug fix which he had previously done before, I hope your not saying he did all that deliberately?

I presume your talking about some other coin than Dash?

You cant stake coins on any exchange that I know of.

When you "stake" in Decred you "purchase" a ticket and when you do so you lose access to those coins that were used to purchase the ticket until the ticket votes or 140ish days has passed.

I have my Decred staked in a pool so I don't have to leave my computer on 24/7.

I think it would be possible for an exchange to implement Decred staking of the coins "you" (the exchange really) hold but obviously while staked you wouldn't be able to trade them.

Who else is copying the locking up the coins?

Both Dash and Pivx dont really lock the coins properly, you can unlock them at a seconds notice. With Decred you could lose access to your coins literally for months. Though its possible you're aware of some new coins I am not. I think a proper lock like Decreds is better than a "sorta not really locked" lock like PIVX or Dash

I am certainly open to changing my mind about the benefits vs pitfalls of a tail emission, I was discussing it in the Decred slack yesterday and noone there wanted one but they said at the end of the day it will be up for vote. To me though it just seems you have to pay for security one way or the other and a tail emission is one way that doesn't ramp up transfer fees.

@iamnotback btw you still haven't told me why I was so wrong and silly about my Steemit post yet, and I have been waiting to find out where I went so wrong to get such harsh criticism from you

Now that iamnotback and dbt1033 have stopped squabbling ( )i'll add my 2c

I still say I am fairly new to cryptos however I did a fair bit of research recently and looked at least briefly at every coin in coinmarketcap's top 100 and have settled on Decred and Monero as my favorites.

That said my largest investment by far is in Decred.

Like all coins I don't think Decred is perfect, my concerns with Decred are very different and less technical than iamnotback's and they are on the roadmap to be resolved but for the record they are in order of importance:
- Voting for 10% development block subsidy is not yet implemented (planned this year)
- Hard fork voting not yet implemented (planned next month)
- I currently think an ideal cryptocurrency coin emission curve includes a tail emission. Decred does not at this time. I believe 90% of the general public would prefer to pay for their network security via (small and gradual) inflation instead of transaction fees.
-I believe privacy is an important issue, and it is not yet implemented, but it is also in the roadmap

However I like the following:
-10% treasury I believe is important to keep good devs working on the coin and to pay for things like exchanges and getting on credit cards and online wallets and other marketing.
-Proof of stake mining has a genuine penalty (coins locked up)
-I am led to believe the dev team is very competent by the people I have spoken too, to include a Melbourne programmer who went through their github to make sure they where getting work done for me

I do trust iamnotback's opinion as a general rule and it did concern me that he was worried about the security, but I believe at this time the cost of the attack is very high. it is worth over 50 million at the moment and noone has bothered so far so.... I will just hope his fear is a little overblown for now

*edit* as I was typing this they started again lol, a more peaceful tone now though.

You know I am not the most technical person ever, just confirming something, so you need 50% of the tickets, so assuming roughly 50% of the total coin supply is tied up in tickets you need roughly 1/4 of the total coin supply and then you need 12.5% of the hashing power to pull of the attack, is that right?

If so then I don't see it as an issue right now, however, when it becomes less valuable to hold tickets (due to the coin emission rate lowering) resulting in less people staking then maybe I see an issue? Or do you see it as a clear and present danger right now?

Yesterday morning in a Slack chat with someone I said:


auskipper
9:56 AM
i dont know how litecoin manages to keep their price so consistant
9:56
maybe they have a super whale with a massive sell wall at $4.50 and a massive buy wall at $3.80 or something


And now look what has happened lol....

AntiBitcoin is up 700% in 24hrs

http://coinmarketcap.com/currencies/antibitcoin/

BioBar up 320%

http://coinmarketcap.com/currencies/biobar/

The above are almost certainly NOT scams.