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Showing 12 of 12 results by Eugen123
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Board Announcements (Altcoins)
Re: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine
by
Eugen123
on 09/02/2015, 10:38:42 UTC
Mention of mini-blockchains in IBM's ADEPT white paper:

“Multiple efforts like sidechains, treechains, and mini-blockchains are ongoing to address this problem. While each approach has its merits and demerits we are yet to see consensus on a common approach across the board. A blockchain to cater to hundreds of billions of devices needs to be scalable.”

http://www.coindesk.com/ibm-reveals-proof-concept-blockchain-powered-internet-things/
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Board Announcements (Altcoins)
Re: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine
by
Eugen123
on 28/12/2014, 23:30:36 UTC
But I also know that Cryptonite wont succeed unless I can build a market around it and give people something to spend their XCN on.

Presumably development needs to focus on specific niches where this might gain traction - exchanges, prediction markets, maybe gambling, anything involving immediate need for high-volume transactions.  I was wondering how this might relate to Open Transactions/Monetas, which seem to aim to provide multi-sig secured exchange technology for high speed trading.  

A wider awareness of it's technical merits so that it is seen as a distinct family of coins (c.f. cryptonote) would be great.  The possibility of anonymity-centric and sidechains versions is exciting for this.  I wonder how challenging it would be to look at building integration into Hive wallet, which seems a really forward thinking project with in-wallet app functionality for buying and using crypto-tokens.
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Board Announcements (Altcoins)
Re: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine
by
Eugen123
on 27/12/2014, 15:02:45 UTC
There's a lot of talk about scalability at the moment, if mainly technical rather than alt-coin action.  And not a lot of mention of Cryptonite. How do you guys see Cryptonite fitting in to all of this, and becoming more prominent?
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Board Altcoin Discussion
Re: [XMR] Monero Community FAQ
by
Eugen123
on 01/12/2014, 09:18:03 UTC
Why is an anonymous currency important?
I've heard that side-chains make altcoins redundant?

It is up to any user to decide if anonymous currency will be off any use to him or not.  Monero holders now speculate that there will be small part of crypocoin users that will prefer their wealth and their transactions to stay anonymous. I see that as a fact, speculation is how big will this niche be.


Potential users come to the FAQ to decide if anonymous currency will be of any use to her or others:

Bitcoin is a pseudonymous currency, where all transactions are public.  If someone knows your Bitcoin address, they can learn your past transactions.  Thus, Bitcoin is far less private than fiat, and unsatisfactory in many circumstances: anyone can potentially learn your past purchases or your Bitcoin wealth.  While there are approaches to increase privacy with Bitcoin, these have limitations.  Monero provides untraceable payments from the ground up, through the CryptoNote technology.

None alt coin that bringing something new will ever be redundant.

This is not true.  Many coins offering "something new" fail.  There are plans to implement Ring Sigs on side chains.  The question is whether there is a true benefit in doing this (e.g. security), and whether the need to park BTC reduces anonymity substantially.

BTW, I'd suggest reordering the FAQ somewhat so more basic questions about the coin are at the top, rather than more technical installing/using questions.  Ressources has one "s".

Thanks
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Topic
Board Altcoin Discussion
Re: [XMR] Monero Community FAQ
by
Eugen123
on 28/11/2014, 18:44:43 UTC
Why is an anonymous currency important?
I've heard that side-chains make altcoins redundant?
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Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
Eugen123
on 05/09/2014, 11:17:42 UTC
...Chinese can invest...

If crypto-currencies will be for investment only, they are useless.

And you think 1.5 bln. people will just stand and watch in silence their savings in fiat fade away and at least some of those Chinese not try to do anything about it.

Why do you think there are ghost cities? They are dumping their money into all kinds of investments, not just Bitcoin.

And it doesn't have to function as currency at merchant level, peer-to-peer level is good enough.

For what reason? Taxes are low in China. Remittance is fast, cheap, and ubiquitous. Why avoid transacting in Yuan?

There is one reason. Games and social networking real-time person-to-person payments. And ditto in the lesser developing world.

But Bitcoin is traceable and it is illegal. Mainstream games and social networks will be pressured by the government to shut it down.

Monero is untraceable but can't handle micropayments volume.

See where I am headed with this... "Decentralized Transaction coins...".


I agree with decentralization and scaling concerns re BitCoin. "Decentralised transaction coins" strike me as similar to the ideal system proposed in the Money as Debt films..  Open Transactions aims to provide a fast platform for something like this.

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Board Announcements (Altcoins)
Re: Vertcoin - Beat ASIC | First Scrypt N | First Stealth Address | Largest P2Pool
by
Eugen123
on 01/07/2014, 12:52:54 UTC
Thank you I will fix it asap.

how to send coin with anonymity?

sorry for noob questions.

do we have any guide?

Try this guide : http://coin.cubeconnex.com/poollist

Click on 'Stealth Address'.


This guide is nice.  If you finally show what this looks like on the block chain, it would be a really clear description of how they work.
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Board Announcements (Altcoins)
Re: Vertcoin | Scrypt N | Beat ASIC | Stealth Address | Vertlet for iOS
by
Eugen123
on 28/06/2014, 13:29:52 UTC
Just to inform you Smiley

We are going to join a conference during 10th - 11th October, 2014 at Las Vegas, USA.

Here is the detail : http://finalhash.wix.com/hashersunited#!speakers/cspc

You will see our developer, Charlie Lee (Creator Litecoin), Vitalik Buterin (Founder Ethereum) and Phil Maher(Mastercoin).

great speakers,we will be in good company where we belong !!

Agreed - the most important part of a PR campaign should be to establish the credibility of the coin through things like this.
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Board Announcements (Altcoins)
Re: Vertcoin | Scrypt N | Beat ASIC
by
Eugen123
on 15/05/2014, 21:29:56 UTC
Please stop saying darkcoin in this forum now. I don't want us to pretend to be some rival to whatever other new coins are out there. Lets keep the topic to vertcoin specifically.

Discussing similar coins is really useful for understanding Vertcoin and introducing others to it.. I don't think there's any reason not to be mentioning DRK and other coins.

I think your diagnosis of the strengths of Vertcoin is spot on, by the way.  The focus on strengthening the blockchain and keeping it distributed is the correct one at the moment: anonymity is not a crucial feature right now. DRK's implementation is not ideal either.
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Board Announcements (Altcoins)
Re: Vertcoin | Scrypt N | Beat ASICs | Must upgrade wallet due to a bug in OpenSSL
by
Eugen123
on 29/04/2014, 17:25:25 UTC
Why Semiaccurate benchmarks with Vertcoin:

https://semiaccurate.com/2014/04/29/benchmark-vertcoin/
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Topic
Board Announcements (Altcoins)
Re: [MRY] Murraycoin ▪ The Only Currency Worthy of the Name ▪ Info & Discussion
by
Eugen123
on 10/03/2014, 14:31:03 UTC
It seems *very* risky to have any talk about any plans for BM to be involved, let alone fantasies about him mentioning this on Letterman.  Have you ever heard any celebrity endorsing products on Letterman?? Any celebrity endorsing an altcoin?  They are very risk adverse, with hucksters approaching them every day. They are turned off by it, like with Takeicoin and many other examples.

A low key key fan- and charity based approach is the best bet.  Keep the Twitter humming along supporting his charity. If it raises enough money for the Charity and finally gets through to him he may mention it or make a joke about it.   If you can eventually get a reasonable payment provider on board, you might ultimately get them to have it as a payment option.  This should be the blue sky goal, not endorsement on Letterman!
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Board Announcements (Altcoins)
Re: [MRY] Murraycoin ▪ The Only Currency Worthy of the Name ▪ Info & Discussion
by
Eugen123
on 10/03/2014, 10:34:59 UTC
I like this coin.

It seems like the best avenue for success is to focus on a distinctly professional charity component.  Transparency and reliable updates and payments are key.  If the Murray Bros see substantial and regular donations they will be hard pressed not to accept this as a potentially valuable partner. Good work.