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Showing 18 of 18 results by Sonellion
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Topic
Board Altcoin Discussion
Re: Will you invest in ripple ?
by
Sonellion
on 31/12/2018, 16:04:46 UTC
Ripple have always a similar growth pattern , the pump of course and then crouching to the level where he grew up and starts to grow again
Yes, it's almost kind of predictable...

Another thing is, there are 1000 BTC clones but no Ripple clone. Ripples main asset is the gateways and that can't be replicated.

I only fear that Ripple could destroy itself from within, if R.Labs and/or some of the gateways would decide to impose restrictions on the free (as in "mostly anonymous") trading in the Ripple system, out of fear of regulators, aka the Shapeshift-suicide Tongue
I think any concern about Ripple not being decentralized enough does really mean this worst case scenario.

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees
by
Sonellion
on 31/12/2018, 15:09:08 UTC
ETH will switch to PoS, I hope next year.
And, you said righ that BCH might build up its strong ecoystem, part of it used for crowfunding platform.
The platform, when implemented officially, will help Bitcoin Cash faster expand its ecosystem, its demand will increase considerbaly.
But, I don't think that BitCoin Cash will be the only competitors with ETH.
There are already so many platforms for crowdfunding on the market, and ETH has still proved its use-case.
competitor of BCH is now only ETC. But BCH very easy to scale - just increasing the block size and there is no risk of vulnerabilities at this
Anyway, it is a good technical strategy of Bitcoin Cash. I love it.

An easy first step would be the long planned (year or so?) CounterpartyCash. Bitcoin version of Counterparty can't be converted on-chain between BTC and XCP, you need to go through exchanges which defeated the point. But with the new OP codes it can work and it can't be that difficult.

Airdropped 1:1 to BCH owners please, and BCH will be back to >500

Post
Topic
Board Development & Technical Discussion
Re: Proof that Proof of Stake is either extremely vulnerable or totally centralised
by
Sonellion
on 27/07/2018, 14:52:06 UTC

Cost is not the issue, Each Block has a defined target of say 1 minute between blocks.

Your chain is 3 months behind, and still has a target time of 1 minute,  your block height will always be ~ the same 3 months behind and as such never a threat to causing a reorg, because a reorg can only happen if your block height # exceeds the main chain.

So how do you make up the 3 months time difference?

FYI:
Any change to the code to modify the time target between blocks could allow faster blocks, would lower the target difficulty making it a weaker chain and also break consensus with the other nodes, therefore making sure it would never be accepted over the main chain.

FYI2:
The phrase (block production has zero cost) , is incorrect.
There actually is a cost , it is time.  
Your block has to wait the coded time before block generation can occur, and those coins go dormant for a coded period, another time factor.
The Time between blocks is hard coded which affects the difficulty # in proof of stake coins, thus defining the strength or weakness of a chain.

What exactly would make a block of a POS coin invalid, e.g. timestamp too late, compared to timestamp of previous block?
A POW coin can have a target time of 1 minute but could be stalled for days. Some shitty ones regularly do this.

If a block has to wait the coded time of 1 minute before block generation can occur, then every node must have really exact system time. Not like Bitcoin
Quote
A timestamp is accepted as valid if it is greater than the median timestamp of previous 11 blocks, and less than the network-adjusted time + 2 hours. "Network-adjusted time" is the median of the timestamps returned by all nodes connected to you.
(quoted from wiki)

Post
Topic
Board Service Discussion
Re: Legitimate exchanges
by
Sonellion
on 27/07/2018, 14:04:08 UTC
Cryptopia is good, never had problems with them. Not as tradebot infested as some others.

Instant Exchanges should be in the list too if they just work and save you time and don't ask too many stupid questions.

shapeshift.io
changelly.com

Post
Topic
Board Development & Technical Discussion
Re: Why didn't bitcoin scale using both proposed solutions?
by
Sonellion
on 15/02/2018, 20:51:30 UTC

The reason why the 2MB upgrade was not done was to fix this problem in a future proof way - the layer 2 solution.

10 years from now a billion people want to open a new LN channel once per month, or perhaps once every 2 or 3 month.
Bitcoin need both off-chain and on-chain scaling, or it can never become the dominant payment system on this planet.
1-MB-BTC with LN plus BCH is not a replacement for this.

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees
by
Sonellion
on 14/02/2018, 20:46:48 UTC
Not sure if this is real or fake, but apparently there's a graffiti in Paris.
Anyone is there now and can confirm?
https://i.redd.it/a889ul8881g01.jpg


This is beautiful  Smiley

Post
Topic
Board Development & Technical Discussion
Re: Why didn't bitcoin scale using both proposed solutions?
by
Sonellion
on 14/02/2018, 20:16:53 UTC

The scaling itself is about politics. Making laymen believe in scaling itself is politics. Increasing the block size unnecessarily will only clog the whole system. No one should care about scaling since it is the job of the developers. If you are not into programming you might as well shut up.

Like "leave politics to the politicians". No way  Roll Eyes

Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin Ever Be Shutdown?
by
Sonellion
on 13/10/2017, 20:05:13 UTC
1 government that has already declared itself to be an Enemy of Bitcoin (tm) could suddenly confiscate 80% of all existing mining hardware, and optionally attack the blockchain with it.

Post
Topic
Board Marketplace (Altcoins)
Re: Why don't all these coins sell direct?
by
Sonellion
on 13/10/2017, 19:41:35 UTC
Tokens have it much easier than actual coins to find platform to directly sell crypto from person to person, kind of a perverse incentive Tongue
Coins have to bribe a centralized exchange, difficult to have a decentralized and independent platform.

The bitshares guys claimed somewhere in forum that everyone can run a gateway for free. This would allow to deposit/withdraw any coin and trade it against all currencies in the system, Bts, bitUSD, Btc, Eth etc have all some volume

Or swapbot, they also claim that swapbot is open source and everyone can run their own version of swapbot. But this one wasn't made for trading, more like for "selling to the public".

Post
Topic
Board Bitcoin Discussion
Re: The OFFICIAL SegWit2x Lock-in Thread
by
Sonellion
on 20/07/2017, 21:18:21 UTC
The price may be increasing once again and people realizing that this could happen without a chain split but guess what, we will see panic in November when the block size part comes in and on that time, It will be just another opportunity to buy and accumulate more bitcoins in your wallet.
The block size part could easily go through without a hitch unless some of the miners cause melodrama, but why should they, after all agreeing to segwit2x

Think only risk for hard fork is someone dumping BitcoinBTC1 and buying BitcoinCore instantly after the hardfork for a few hours when there will be little volume on the exchanges and getting a load of headlines that BitcoinCore is worth more than BitcoinBTC1 - at which point some less committed miners start switching from BTC1 back to Core....
I expect BitcoinCore 0.14.3 to be compatible with the larger blocks of BitcoinBTC1. Core devs wouldn't try to make people use a wallet that will be on a fork with no hash rate at all...

Post
Topic
Board Bitcoin Discussion
Re: The OFFICIAL SegWit2x Lock-in Thread
by
Sonellion
on 20/07/2017, 20:44:32 UTC
The price may be increasing once again and people realizing that this could happen without a chain split but guess what, we will see panic in November when the block size part comes in and on that time, It will be just another opportunity to buy and accumulate more bitcoins in your wallet.

The block size part could easily go through without a hitch unless some of the miners cause melodrama, but why should they, after all agreeing to segwit2x

Post
Topic
Board Bitcoin Discussion
Re: Redpill: Bitcoin is the only chance we have at a cryptographic wealth reserve
by
Sonellion
on 19/05/2017, 20:14:43 UTC

Stupid argument. If bitcoin fails, no one will trust another crypto as store of value again and they will all run into the same political problems at bitcoins size.
Bitcoin can't fail, falling in absolute value while some alt is taking the top spot, without compelling reasons.
Reason why this alt can be trusted and bitcoin not.



#UASF = Make Bitcoin Great Again

If 80% of all nodes will not accept non-SegWit blocks this is an inconvenience for Bitcoin Unlimited miners but nothing more. The 80% nodes can't force anything without miners joining in, and they wont.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ZOI] Zoin - Zerocoin based privacy - CPU - No founder's reward - 0.8.7.4
by
Sonellion
on 03/03/2017, 18:37:54 UTC
Is Zoin is not affected by Zcoin bug, all
Code:
if (txout.nValue == libzerocoin::
look ok in Zoin source

Post
Topic
Board Announcements (Altcoins)
Re: [ANN]NLEXIT - [NLEXIT] - Air Drop - Scrypt - Prepare yourself for the future!
by
Sonellion
on 24/12/2016, 12:17:48 UTC
Not hunting... you will see.

future will tell Tongue

interesting way to start a coin anyway, devs did 2 things right (airdrop and gamble on nlexit, might actually happen)

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [EVIL] Coin | Powered by Darkness | X11 PoW+PoS | Yobit, Cryptopia, Nova
by
Sonellion
on 24/12/2016, 11:46:12 UTC
Buy when it ever goes back to 12, trading Evil is easy mode

Post
Topic
Board Development & Technical Discussion
Re: Post your SegWit questions here - open discussion - big week for Bitcoin!
by
Sonellion
on 22/11/2016, 20:14:23 UTC

Even if an entity does not support SegWit they may prepare for SegWit in the event that it becomes part of Bitcoin despite their wishes.
Segwit is backwards compatible. If you don't like segwit, you can continue to use Bitcoin as you do now with almost zero impact on you.


There are now two transaction formats - legacy and segwit. 

A node that doesn't support segwit will receive transactions in the legacy format.  These transactions will not have the witness data, thus no signatures or public keys.  This works because the witness program allows anybody to spend the output.  A node that supports segwit will not accept a legacy transaction that attempts to spend an output using a witness program.  Thus the need to get 95% of the miners to support segwit.


doesn't this mean you can't do a rescan any longer if you're stuck with old version after segwit, the old version doesn't know  who is really allowed to spend the output?
Post
Topic
Board Bitcoin Discussion
Re: Buying Drugs with Bitcoin ?
by
Sonellion
on 22/11/2016, 19:44:14 UTC

For low amounts, you can use fake data on an exchange and still trade your xmr to bitcoin and then send the bitcoin to the dark market. Makes it incredibly hard to track you, especially if you use VPN on top of it.
if this exchange is not in your own country but really far away, no one will track your bitcoins
Post
Topic
Board Bitcoin Discussion
Re: Buying Drugs with Bitcoin ?
by
Sonellion
on 22/11/2016, 19:29:04 UTC
forget about bitcoin to buy drugs, go for pot  Roll Eyes
being serious, there are better options now. no need to mix coins, just go for some anon coin like xmr/shadow/nav

Most of the dark markets accept only Bitcoin. A few of them may accept Litecoin or Ethereum. But I don't think that any of them accept these little known altcoins suhc as XMR and NAV. So it is not possible to buy anything with these coins.

On one market some vendors accept Monero in addition to Bitcoin.

Litecoin or Ethereum,  accepted right now on a DNM, where?