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Showing 20 of 176 results by GeminiSimba
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Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 08/04/2015, 01:45:26 UTC
Grats guys on getting added to Shapeshift! Keep up the epic work Smiley
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Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 03/04/2015, 22:43:31 UTC
I just had to re-post this (originally saw this tweeted through counterparty) but my gosh I'm reading this now and it's got to be the BEST and most COHERENT article giving an argument for Bitcoin (both the blockchain and the currency) against those who think that the blockchain and currency can or should be separated. Specifically the argument clarifies why Bitcoin's best feature is the fact that it's an alternative currency and whoever thinks it's best features are the alternative use cases of blockchain as just some kind of glorified ledger or database needs to get their facts right lmao!
Whoever wrote this is genius!

https://medium.com/@beautyon_/grundsaudaag-jour-de-la-marmotte-ground-hog-day-8570677dd90b
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Topic
Board Bitcoin Discussion
Re: DEA Agents in Silk Road Case Face Fraud Charges
by
GeminiSimba
on 02/04/2015, 17:06:31 UTC
I just want to come in and say that it's not that everyone has a price, it's that people who feel they lack a certain level of well being have a price. Do you think you'd be able to corrupt Bill Gates? Ok granted some billionaires seem corrupt bit it's not that they are corruptible it's that they now have the power to corrupt others (by swinging the carrot of cash in front of them). I think there is a middle ground where you are not so broke that you can easily be corrupted and you are not so rich that you want to corrupt the world to fit your needs. In essence if people who worked certain risky jobs were actually paid their worth and not pennies there would probably be less corruption.

So I just wanted to say the system needs to be fixed so that more people make a decent living wage if you want to lower incidents of corrupted cops, workers and misc serviceman. That's just my 2 cents ^_^
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Topic
Board Bitcoin Discussion
Re: Paid a hooker in vegas using Bitcoin Saturday night
by
GeminiSimba
on 31/03/2015, 22:34:02 UTC
Next we'll be seeing an entire chain of hookers who only accept BTC appear in Vegas because of you :p
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Topic
Board Altcoin Discussion
Topic OP
Counterparty and Ripple Merge
by
GeminiSimba
on 31/03/2015, 17:20:51 UTC
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Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 31/03/2015, 17:09:25 UTC
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Topic
Board Politics & Society
Re: Arizona Lawmaker: Church Attendance Should Be Mandatory
by
GeminiSimba
on 31/03/2015, 02:14:56 UTC
I'll join the church of Kama Sutra and Tantra with maybe a little druidism on the side Wink
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Topic
Board Bitcoin Discussion
Re: DEA Agents in Silk Road Case Face Fraud Charges
by
GeminiSimba
on 30/03/2015, 23:21:51 UTC
Crazy turn of events, you really couldn't make this shit up.


Quote
Force created certain fictional personas -- that were not officially sanctioned -- to communicate with DPR ...
...Using one of these personas, Force sought to extort DPR by seeking monetary payment...  

Makes you wonder if DPR was coerced into "hiring a hitman."

Read more of the charges. Tbh, I think it is a forgone conclusion at this point. They blackmailed him from multiple angles and on their own.

That charge is not only no more, but it looks like corruption from the prosecution may very
Well have thrown away their case. Quite fitting actually. That said, with the judges very questionable
Actions regarding evidence submission, don't think the corruption won't continue.

Remember we said BTC is an anti corruption trojan horse?  Grin

Yeah people keep thinking bitcoin is super anonymous but it only is if you keep quiet about what you are doing. These agents were communicating with big name exchanges through emails and freezing customers accounts and stealing their bitcoin so the fraud here is easily traced on the blockchain once you can attribute any bitcoin wallet address to one of the agents.
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Topic
Board Bitcoin Discussion
Re: DEA Agents in Silk Road Case Face Fraud Charges
by
GeminiSimba
on 30/03/2015, 23:13:05 UTC
Crazy turn of events, you really couldn't make this shit up.


Quote
Force created certain fictional personas -- that were not officially sanctioned -- to communicate with DPR ...
...Using one of these personas, Force sought to extort DPR by seeking monetary payment...  

Makes you wonder if DPR was coerced into "hiring a hitman."
It was all bullshit!!!  Seems like the gov has corruption on there side and people need to get into the street to free Ross right at this moment. AQUITT HIM OF ALL CHARGES, IM thinking MTGOX paid the gov off and setup ROSS in the end. Put Mark Kapales in jail.

Exactly, I was just telling my coworker about this that he needs a retrial and my coworker was like "Does Ross have the cash for a retrial?" I'm like bro, do you not know how many people support Ross in the bitcoin community? If his parents started a crowdfund to pay lawyers for a retrial I guarantee it would be fully funded in a week.
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Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 28/03/2015, 17:27:05 UTC
Epic stuff

Yeah I notice a lot in this crypto space that many people are trying their hand for the first time at accepting investor money for their projects and when that "shareholder" pressure starts up because people are expecting a timely ROI all of a sudden people start cracking behind the seams. This is one of the reasons I really am worried for projects like Ethereum, those guys seem like some of the most intelligent young people in the world but I don't think many people who invested saw it as "donation money" and at some point there will be a realization that literally everyone who donated to that project essentially gave their money away and then what will happen?

I think everything the devs at counterparty are actually focusing on (development and optimization of the actual protocol itself) are the best things to focus on and everything related to the business sector in the space are the focus of those who are running business'. If you are running swarm, it would be understandable if all of a sudden the counterparty protocol became compromised, that would be reason to complain to the devs about their protol and maybe have a lack of faith, but complaining about business competition? Seriously? You're killing me Larry...
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Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 26/03/2015, 16:30:01 UTC
Yeah one of the things I wanted to point out (as someone who follows counterparty and nxt) is the difference in caliber of those who browse the forums and engage in business ventures in these two protocols. It's easy to say nxt seems better because of their pretty forum and the amount of organized hype they are able to produce for investors and such but in counterparty the type of ventures you see being created are all world changing level ventures. There are very few cheap "Lets start a thousand dollar business" ideas going on in the counterparty ecosystem.

When I gauge the potential value of these various protocols I look at the level of the developers and investors in the ecosystem and my goodness here we have people with ideas like the bitcongress initiative (http://bitcongress.org/) which aims to replace how we vote nationally using tokens made using counterparty, we got ColonyEarth (https://colonyearth.com/) which is another world changer idea whose currency permacredits will be created from counterparty, by the way if you never heard of colony earth scroll down on the link i provided and look at the investors/team involved in that plan, you got the freaking Euro architect on that team!! I mean these are just a few but just about every counterparty business venture is a mega game changer idea so I think it will take a bit longer to see the sort of market cap results people may come to expect when they compare it to nxt or mastercoin who come out with things almost weekly you see what I mean?
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Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 25/03/2015, 20:32:36 UTC
Hey have you guys seen the leader of SWARM came into the Counterparty nomination forums and basically said he thinks we have no future? What do you guys think? I personally responded in the Q&A section (my username there is simba6)

Quote

I'm Joel Dietz, Swarm founder. I have put together a document that I'm circulating privately at the moment in order to collect critical feedback and decide if it is worth running.

My main consideration is this. I'm interested in Counterparty becoming a healthy and growing ecosystem. This means that it needs all of the following:

(1) Excited developers building on the platform
(2) Business potential, either current or future
(3) Competitive advantage vis-a-vis other platforms offering the same or similar services
(4) Engaged community promoting the platform

Obviously I've already committed a lot of time and energy to this ecosystem, but it's not entirely clear to me that it is growing at the pace necessary to be competitive.

First, developer evangelism while perhaps better than any other 2.0 project on the Bitcoin blockchain is not nearly at the same level as other off-chain projects (NXT, BitShares, NuBits, Ethereum). I estimate that there are something like ~10 developer actively building something on the project and none of the bigger players are releasing back open source code.

A good example of this is Swarm, we've had a strong desire to contribute back open source code but have been inhibited by the fact that there is a strong internal competitive nature to the ecosystem. Compare the slogans of the different folks now working around the ecosystem: cryptoequity (Swarm), smart securities (Symbiont), cryptoequity (Overstock), smart corporations (Koinify).

Can you tell what the difference is? Probably not. I certainly can't. Although Swarm was the first to describe or offer any of this, it makes for a fairly cluttered ecosystem.

Also, if you look at the stats you'll see that although Counterparty has greater than 80% of the transaction volume among Bitcoin blockchain projects, the market capitalization of Maidsafe (on Omni/Mastercoin) is greater than all Counterparty projects combined.

The net result that I've observed is that many of the companies in the space are less committed to Counterparty than they once were. For example Koinify, who even now has a board seat on the Counterparty foundation, is not doing any of their announced upcoming sales on Counterparty. The only one they did, GEMS, was from someone who had already decided to use Counterparty in advance of the sale.

So in general people are making only a loose commitment to the underlying technology and ecosystem, which makes sense from a business perspective but is disappointing to me since in general when I started with Counterparty I invested a fair bit of effort and time in an effort to see the whole ecosystem grow.

My general feeling about Counterparty at the moment is disappointment. I don't have a specific desire to invest a lot of time and energy promoting something that is going to ultimately turn into a second place solution. I do have a large desire to open source code and provide other resources back to the community, but don't feel like I can do that in the current environment with the risk of taking a major economic loss on my part as a result.

In any case, all of these are factors in my decision to run or not run for the Counterparty board. If they can't be resolved, I honestly don't think Counterparty has a future.

Also, although I think it is nice to have a "community director," what is really needed is not simply some idea of 'community,' but some more long-term strategic planning to build out the whole ecosystem. In my opinion so far that's been neglected -- and the XCP price shows it.
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Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 24/03/2015, 17:08:38 UTC
What ever happened to that exchange Patrick Byrne was going to launch? I haven't heard anything about this for months          

Same thing as happens with most big crypto related projects probably - they announce it thinking its going to be easy and tell everyone it will be finished in 3 months. 6 months later, they are still telling everyone it will launch in 3 months. Another 3 months later they announce a breakthrough - now it will be ready to launch in 6 months.

It's almost finished being built. They never said it would take 3 months, when they announced it they said they can probably get it coded by April of 2015 but even then you'd still need months to get regulatory approval. I watched this presentation the other day, it's not specifically about crypto but he "briefly" mentions that his crypto project is almost done being built here.

https://www.youtube.com/watch?v=vFOpSTodk_U
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Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 20/03/2015, 16:22:31 UTC
Lol you guys are funny, i think the only reason XCP isn't through the roof yet is there really hasn't been a practical (easy to understand by non techies) explanation on how current and future projects running on counterparty actually utilize xcp as fuel. I think the majority of people and companies are just leveraging counterparty without using xcp much at all (like koinify and swarm and such) but if Symbiont is going to be using xcp the way I hope they are and if medici still decides to use xcp in some way then I expect big jumps in price over time.
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Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 19/03/2015, 17:46:23 UTC
Counterparty is announcing the start of the Counterparty Foundation 2015 election! Official thread is at https://forums.counterparty.io/t/counterparty-foundation-election-2015-march-19th-april-16th/951

Can't wait to see who all will apply.
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Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 12/03/2015, 19:56:20 UTC
https://www.counterwallet.co   SSL cert has expired for a week now..  any ETA on a fix ?

That's an old domain and support for it will not be continued. Please use counterwallet.io instead.

Trying counterwallet.io. Getting this error:
No counterparty servers are currently available. Please try again later. ERROR: %s

I'm getting the same error, it's saying servers are down.
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Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 12/03/2015, 17:30:48 UTC
Why is counterwallet down? I just tried to log in since BTER finally is allowing xcp withdrawals again I need to get my xcp off that exchange and into my counterwallet but now that bter is back up counterwallet is down!?
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Board Press
This is why Counterparty left Overstock's Medici (New Press Release)
by
GeminiSimba
on 10/03/2015, 23:35:23 UTC
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 10/03/2015, 23:24:51 UTC
Grats on the creation of the new company Symbiont. I just have one question out of curiosity, could we perhaps receive some info on how XCP specifically might be used or integrated? Sometimes I do find it slightly difficult to remember how counterparty the open source protocol makes use of xcp and thus increases it's value.
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Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
GeminiSimba
on 02/03/2015, 20:53:02 UTC
Hey Deliciousowl are you going to be in the elections? I'd vote for you since you seem to be one of the few members on this forum I've watched over time (aside from the actual devs) with the most logical support and understanding of the protocol.

I keep 40 xcp tucked away and I fully expect it to be worth significant value within the next few years because I (rather than just looking at short term speculation) believe in the actual potential value of Counterparty as a platform that will be as impactful as tcp/ip one day right alongside of the bitcoin protocol itself.

If you want me vote when the time comes let me know Wink