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Showing 20 of 265 results by KLONE
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Re: WAVES - Complete Blockchain ecosystem for a token economy
by
KLONE
on 07/11/2019, 06:55:05 UTC

Is it time to show Sasha the respect he deserves?





haha THIS, I think one of these scammed coinomat asset guys will do something like this Smiley
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Board Altcoin Discussion
Re: CryptoKingdom Uncensored
by
KLONE
on 07/11/2019, 06:52:09 UTC
Risto is going to continue with the Crypto Kingdom name on his new game. If interested, please join the levels.fi forum:

https://forum.levels.fi/viewtopic.php?f=5&t=299

https://forum.levels.fi/viewtopic.php?f=2&t=296

Are old CK assets being swapped over into this new version yet?
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Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - next generation platform, Secured by Bitcoin
by
KLONE
on 07/04/2019, 03:05:20 UTC

I disagree with this because there are many flawed assumptions in it

1. Collusion :  This doesn’t make sense.  notarizations are public and in the worst case can only refuse to notarize.  This is all publically visible so it would be easy to see who isn’t working well with the others. 

2. bad for decentralization:  25% of the coin can be mined by anyone, so anyone can participate.  Cheaper to get ASICs for the 1.2% coin generation than to buy your way to a spot.

3. Not required to compete in mining and invest in hardware: definitely not true,  there is competition among notary nodes ( mempool hunting ) and competition with the FFA miners,  and running a top 30 node without a good server costs money.  And this isn’t including the costs of keeping up with jl777s updates,  which is a job in itself and will only get harder in the future .

4. Small clique of insiders:  Even now there is over 100 people working as notaries/ with notaries or trying to become notaries.  It’s open to anyone to join,  how is this a) small and b)  insiders.  Every election so far people without the ability to vote themselves in have been elected.

Notary nodes have one job and that’s to notarize.  Who does it is pretty irrelevant, and the nodes on the network they are notarizing to will reject fake notarizations and the misbehaving Notary outs themselves as a bad actor.

With KMDs notary system I would argue it is MORE decentralized than 99% of coins which only have a few pools mining everything. 



By collusion I mean in the election process to get NN positions, not the notarisation process itself, and when I say bad for decentralisation I'm not talking about mining KMD itself, but more how many independent separate entities become NN, and the extent to which co-operation between them makes them appear to operate as a single dev team sponsored NN system that employs 64 sys admin operators, or at least has potential for that perception to grow.

I strongly disagree with "Who does it is pretty irrelevant" - if you really believe that why not stick with PayPal & Visa, why not just have one entity responsible for running 64 global NN and let that entity employ 64 contractors?

Crypto users are searching for projects that are decentralized, trustless, competitive, adversarial, and the assumption from nearly everyone in this space is 95% of projects are scams designed by insiders to enrich themselves.

Don't get me wrong, I have been supporting komodo for years and love the tech, but I really hope these elections for NN become super competitive and hard fought.
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Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - next generation platform, Secured by Bitcoin
by
KLONE
on 06/04/2019, 12:59:08 UTC

Am I greedy if I take a bribe to vote for a noobie?


Even if a noobies test net stats show they're as competent as established NN they've still got a disadvantage, (no established relationships, no reputation).

A small bribe levels the playing field, it's common practice for new businesses to offer incentives to help attract customers, is that appealing to greed?

The game theory is very interesting, if nobody offers any vote incentives it looks like a level playing field but IMO it's not, existing NN running for a 2nd or 3rd node have a big advantage over noobs, but if all candidates offered about the same % profit share it ends up advantaging none of the candidates and just becomes a transfer to voters.

It is competitive though!

Noobs need an edge some might do that through bounties, but then again, did the season 1 & 2 guys who promised bounties actually deliver? The vote bribe guys obviously did come through otherwise we would have heard from pissed off voters by now lol



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Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - next generation platform, Secured by Bitcoin
by
KLONE
on 06/04/2019, 12:12:01 UTC

NN elections aren't about politics, they're about the distribution of profits from community-owned resource - the komodo network - anything over 100K per year should go back to KMD owners who can decide to donate to devs or offer bounties etc or invest in other ways. P-trump is speaking the truth, nobody will accept 100% of notary profits going to operators forever, unless they invest profits back into the community.


Far too early to be thinking like this, priority is electing skilled sys admins and developers to finish the tech and grow adoption of DLT, jl777 added 5% reward for KMD investors so everyone is taken care of, no need to worry about notary profits getting too big, KMD barely above $1 lol

I disagree, the concentration of NN is bad for decentralisation and if it starts it'll be hard to undo coz notaries don't compete like PoW miners, so there'll always be a worry about collusion (even just a perception) if multiple NN are operated by a small clique of insiders who aren't required by the system to either compete in mining and invest in hardware, or put their capital on the line with PoS. That's why P-Trump is trying to encourage as many people to run as possible now before season 1 & 2 veterans run again and get more NN, and offering some voter bribes is a way to level the playing field with established NN who have good reps and more rusted on voter support from established relationships.

Crypto consensus is built on competition and risk/reward game theory dynamics, and as good as komodo dPoW system is technically, a weakness is the NN operators don't have to compete directly and don't have to invest much $$, so there's a risk of ending up with an insiders circle jerk when what we really want is 64 independent NN.
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Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - next generation platform, Secured by Bitcoin
by
KLONE
on 04/04/2019, 04:55:49 UTC

Don't misunderstand me - I like the NN selection system jl777 and co. have designed, but we should never forget that the NN rewards come from a restriction on who can become a NN, and the easy mining rewards are by design anti-competitive compared to regular miners, and that's a good design IMO. BUT, this isn't like electing politicians where vote buying is obviously corrupt, this is more like selecting which large telco gets the right to roll out 5G networks, or which mining company can extract minerals from public land. The community wants reliable operators who do a good job, and the businesses want certainty so they can invest capital, time & skill.

Uncertainty is costly, and any business relying on their NN revenue streams to fund operational costs and growth in the ecosystem will not risk relying on an election every year where they have to campaign for votes, that is too uncertain, 'last year we could budget for NN rewards, but oh no, we lost the last election so for the next 12 months our revenue stream is gone' - this is a recipe for disaster, and not how successful businesses operate.

In the future when KMD MK is much larger than it is today NN candidates will look for ways to guarantee their spots over multiple years, and that will include things like competition with other NN candidates using incentives like revenue sharing, other token offerings, and discounts on various services and products offered by the NN business itself, as well as private deals with large holders.

I also hope in the future we see genuine community run nodes for small KMD holders to pool their VOTE.

This is not an outcome we should fear IMO, on the contrary, NN revenue streams will allow komodo based companies to prosper and grow without resorting to the traditional revenue sources of so many existing internet business (selling customer data and advertising), and charging exorbitant fees.

We should prepare for NN candidates to be businesses though, and expect that they will  try to secure NN 'licenses' in the future in ways that involve offering incentives to voters, and eventually I think the majority of the community will not be freaked out by revenue sharing, especially if we have genuine community pools.

In the end the community of komodo is best represented by the owners of KMD!

Good luck to ALL the 2019 NN candidates!


NN elections aren't about politics, they're about the distribution of profits from community-owned resource - the komodo network - anything over 100K per year should go back to KMD owners who can decide to donate to devs or offer bounties etc or invest in other ways. P-trump is speaking the truth, nobody will accept 100% of notary profits going to operators forever, unless they invest profits back into the community.

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Board Announcements (Altcoins)
Re: [BLITZ] BLITZCASH | A brand new face for BlitzCoin | FITALIZE | TVE
by
KLONE
on 09/03/2019, 14:01:31 UTC

When Chris was asked to comment on Blitzcash becoming (one of the first) sidechain(s) on the Stratisplatform this was his answer:

"When I said the first sidechain I meant the first externally deployed and maintained sidechain! Which has still not been created, we are available to assist and support the blitz team in deploying one but we cannot force then unfortunately"

Seems like the initiative lies with the Blitz community?



Chris Trew made a deal in writing with Blitz whales when he was lead dev of Blitz, everything is documented.

Stratis will end up paying, just like Zuckerberg had to payout the Winklevoss twins for the original FB deal. The numbers just need to be large enough for someone to pull the trigger on legal action.

A deal is a deal!!
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Re: Qora | POS | Assets | Names | Polls | Automated Transactions | Social Network
by
KLONE
on 06/03/2019, 04:33:03 UTC

The only way you'll be able to obtain a 'minting account', and therefore a portion of the block reward once qortal project chain begins, is to:


1. prove you have supported the previous chain, by verification that you have run a node, and staked during the last few months when not many people were, due to the fact that there was no staking reward. This alone will prove that you supported the project, wanting to see it survive, regardless of the fact that you were not receiving monetary reward for doing so, and is sufficient to obtain a minting account on qortal project chain.

2. prove you have contributed in other ways to the project's success, via explaining and showing what you have done to the community. At which point, we will put a vote up for the community to choose whether your efforts were 'sufficient' to obtain a minting account, and at which 'weight' or 'level' the account shall be started.


How many minting accounts will there be?
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Re: CryptoKingdom Uncensored
by
KLONE
on 31/01/2019, 02:44:56 UTC

Indeed 2018's been a harsh year overall, and CK and its derivatives have also been more or less under hibernation. I think it's quite natural given the circumstances. But here's hoping for a solid 2019, happy holidays to all!

Cheers. I haven't given up on my engine despite my GitHub commit's having been focused on my research work focused projects and other (gaming) hobby projects. There's a game jam on Jan 25-27, which I might be able to use as a playground for having this as the back-end, will see Smiley


Of ALL my worthless bags, CK is the one I would most like to see make a comeback, such a good idea, still is!

@Syksy, thanks for keeping the candle burning Smiley
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Board Announcements (Altcoins)
Re: [ANN][VTR] vTorrent - Share with freedom | 2FA | HD | @Bittrex
by
KLONE
on 16/12/2018, 02:13:59 UTC
Any news from the dev, is anyone in contact with him still?
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Board Announcements (Altcoins)
Re: [ANN][VTR] vTorrent - Share with freedom | 2FA | HD | @Bittrex
by
KLONE
on 07/11/2018, 05:41:57 UTC
Does anyone want to sell some coins?

I would like to buy some VTR also, any offers?
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Board Announcements (Altcoins)
Re: [ANN][VTR] vTorrent - Share with freedom | 2FA | HD | @Bittrex
by
KLONE
on 28/09/2018, 21:35:40 UTC
Thank you. Have connection now.

Do we know if the dev is still staking his coins, what is his last known address?
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Board Announcements (Altcoins)
Re: [ANN][VTR] vTorrent - Share with freedom | 2FA | HD | @Bittrex
by
KLONE
on 19/08/2018, 05:02:21 UTC
So, looks like VTR saga is finally over, what a shame, there was huge potential here, and the dev had some skills (he implemented 2fa in the wallet), so if he had gotten his shit together this could have mooned ... the one that got away sadly Sad
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Re: [BLITZ] BLITZCASH | A brand new face for BlitzCoin | FITALIZE | TVE
by
KLONE
on 08/07/2018, 01:49:02 UTC
Ignore all the FUD, nobody knows what the Stratis dev team have planned, and serious devs have left this forum years ago.

Don't assume that lack of communication here, or anywhere, means Blitz investors will be left behind, promises have been made in the whitepaper to make Blitz the first sidechain of Stratis, and I fully expect that will be honored.
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Re: [BLITZ] BLITZCASH | A brand new face for BlitzCoin | FITALIZE | TVE
by
KLONE
on 25/05/2018, 01:37:49 UTC
Can I loose my blitz if they are on the Bittrex exch?


I don't know what should I do with my blitz. They are just staying in wallet on Bittrex. Should I do smth with my blitz-shit or just let it'll stay there?

Would be way better if you pull them out of the exchange. The blitz QT wallet is working fine, go on it.

Is anyone planning to open an OTC thread for Blitz, I'm looking to buy if there are sellers who've lost hope.
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Re: [BLITZ] BLITZCASH | A brand new face for BlitzCoin | FITALIZE | TVE
by
KLONE
on 08/05/2018, 00:34:24 UTC
Do you really believe that the Stratis team have any responsibility for blitz?

I expect Chris will do what he previously said and Blitz will become the first sidechain of Stratis, the Bittrex listing has nothing to do with that, and I did not see the conversation in telegram and if Chris was involved.

@bogard81 have you even read the Stratis whitepaper?

https://stratisplatform.com/files/Stratis_Whitepaper.pdf

Blitz will be the first Stratis sidechain, it's in the Stratis whitepaper, don't listen to FUD.
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Board Altcoin Discussion
Re: CryptoKingdom Uncensored
by
KLONE
on 15/03/2018, 11:58:20 UTC
What would happen if the forked CK paid b1 & e1 debts, and later Risto regained his sanity and started working on original CK version with PJ? Could he write off the b1 & e1 debts in CK original, because they were paid in CK fork? I don't think we've seen the last of Risto, so this is possible .... arrgh lol

I agree, leave the depo stuff behind us, and get CK restarted and M listed on an exchange asap!


Which game would repay those debts? Crypto Kingdom certainly would not.
It's Zechariach and other Rpietilas charachters ingame.


If there are two versions of CK ( CK::legacy & CK::fork ), and the b1 debts are paid using Risto's assets in CK::fork, then what would happen if Risto came back and restarted CK::legacy, would you expect Risto to pay the b1 debts again, either as bitcoin or as some repayment inside CK::legacy?


Ofcourse.
If you have 1BTC in Bitcoin Legacy, you'll have 1BTC in Bitcoin fork.
If you have 1BTC in CK Legacy, you should have 1BTC in CK fork.

Besides, his assets are nowhere near the value of the actual debt.
It's almost worthless, it won't cover over 10% of the actual money owed.

I think when people sent b1 to NEW to exit the Game there is only one debt then, so I agree that assets inside CK::legacy will be duplicated inside CK::fork, but I disagree with the debt, once it's outside CK it's one debt, and if it's paid anywhere it's paid, and can't exist again. Remember, the b1 debt is recorded in a spreadsheet, not in CK DB anymore.

afaik this was one of the main disagreements ever since HMC and two other mods took over the Game, did anyone have the authority to confiscate Risto's assets for any purpose against his wishes, and I think consensus was 'NO', that's why his accounts have been frozen. That means any change from current situation requires a fork, either to pay debts, or to use for dev funds. Either way, if we use Risto's accounts against his will I think everyone saw that as a 'fork' and not the original CK. I know that's the way I saw it, you can't confiscate Risto's accounts and still call it CK::legacy, it'll be a fork no matter what, unless we continue with the account freeze, and hope Risto negotiates which doesn't look possible now.
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Re: CryptoKingdom Uncensored
by
KLONE
on 15/03/2018, 11:41:19 UTC
What would happen if the forked CK paid b1 & e1 debts, and later Risto regained his sanity and started working on original CK version with PJ? Could he write off the b1 & e1 debts in CK original, because they were paid in CK fork? I don't think we've seen the last of Risto, so this is possible .... arrgh lol

I agree, leave the depo stuff behind us, and get CK restarted and M listed on an exchange asap!


Which game would repay those debts? Crypto Kingdom certainly would not.
It's Zechariach and other Rpietilas charachters ingame.


If there are two versions of CK ( CK::legacy & CK::fork ), and the b1 debts are paid using Risto's assets in CK::fork, then what would happen if Risto came back and restarted CK::legacy, would you expect Risto to pay the b1 debts again, either as bitcoin or as some repayment inside CK::legacy?

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Re: CryptoKingdom Uncensored
by
KLONE
on 15/03/2018, 08:22:45 UTC

We are not dealing with the B1 and E1 depos. If someone has issues with Risto, get in touch with him. There is Malla Manor / Bitcoin castle and tens of millions (at current values if he kept what he had) in that Poloniex account he flashed to us in 2017.

Let us try to actually do something with the game and leave this depo stuff behind us.

The main motivation for reviving CK is -- honestly -- it is insane that something like this with such a history/lineage and so much money moving around it is dead now.



What would happen if the forked CK paid b1 & e1 debts, and later Risto regained his sanity and started working on original CK version with PJ? Could he write off the b1 & e1 debts in CK original, because they were paid in CK fork? I don't think we've seen the last of Risto, so this is possible .... arrgh lol

I agree, leave the depo stuff behind us, and get CK restarted and M listed on an exchange asap!
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Board Altcoin Discussion
Re: CryptoKingdom Uncensored
by
KLONE
on 14/03/2018, 07:48:13 UTC
Updates Regarding Crypto Kingdom

Only looking at major accounts, here is what we are thinking:



Accounts in yellow will be taken over in full by the game. These are either Risto-related accounts or were already game accounts.

Accounts in green are corporations that we believe Risto controlled. In-game currency held by these accounts will be distributed to current shareholders. Then they will just act as holding companies unless a game-specific purpose is created for them later. We are thinking, for example, of NewCorp functioning similar to "Phoenix Trust" as it holds a lot of land/property.

Accounts in orange we are unsure on. If there are any claims to these, let us know. "FuriBliz" in particular looks very suspect.

In any event, this will give the game room to grow without changing relative ownership percentages of in-game currency and items for any other users.

Great to see some momentum building here, really excellent!

If gringotts takes over from Coinshop as primary market maker it makes the game much more decentralised, previously with risto in control of so many things there was a lot of unavoidable perception of possible conflicts of interest, but now that's gone, and CK has a sizable war chest for development and promotion, awesome!

Will there be any airdrops?