Search content
Sort by
Showing 20 of 111 results by The Chainmaker
Re: [ANN] CRAVE 1st POS Masternodes | Dark Assets | Markets Soon =Embrace The Dark=
Another clear pump and dump with a bunch of bag holders.
Classic Bob Surplus actions. Take a dead coin, buy it up, say it is going to be revolutionary, but is really shit. Then pump it and then right about the time people will believe it is revolutionary, then dump hard.
If they are stupid enough to believe, then rinse and repeat and tell people that you are sure it will go back up. And it will, the sock puppet master can dump on regular people again.
Lame
Africa will go straight to smart phones, skipping desktops and ethernet.
Africa will go straight to renewable energy, skipping coal and nuclear.
Africa will go straight to crypto, skipping traditional banking altogether.
Africa is going to be pretty awesome in 30 years. All the newest with none of the baggage.
Africa will go straight to renewable energy, skipping coal and nuclear.
Africa will go straight to crypto, skipping traditional banking altogether.
Africa is going to be pretty awesome in 30 years. All the newest with none of the baggage.
Re: NEM Official Thread -NEM has launched[Updates&Discussion]
What is the time length for delegated harvesting (i.e. do you need to renew it periodically like with NXT forging leases)
I assume I can turn off my PC and my stake will still be harvesting on the delegated account, is that true?
I assume I can turn off my PC and my stake will still be harvesting on the delegated account, is that true?
One time only transaction. It takes 6 hours to be finalized and then will last for the life of the account.
Re: NEM Official Thread - Redemption ends[Updates&Discussion]
There will be a vote soon about branding.
Orange bird with flames = phoenix
Orange bird with flames = phoenix
I guess so...just seems that a phoenix is more of a mascot.
A mascot is cliche as it is associated with Doge.
Myself I would rather see new things tried, even if it might be a rehash of real world application. NEM | MEN is a satire but in some ways it reinforces the demographic reality here of the current user base and trying to overlap blockchain with other male hobbies isn't the worst idea (one of the better ones) as guys spend a disproportionate income on their hobbies like weight lifting, racing automobiles, beer, camping, et cetera.
Makoto1337 has expressed interest in starting a NEMrewery (brewery)
I think of the Pheonix as a logo, but I would like to see an awesome Pheonix mascot done up in a similar way to NEMzilla. Something with character that is fun.
If you go and open your next play project for anybody and everybody, you will still get accused of only having 20 real people, each with 5-100 socks each. Why? Because cryptographic proof doesn't solve the sock puppet problem at all.
There are such cryptoproofs that do solve sockpuppet problem.
interesting, can you explain more to me? I'd like to hear your idea.
it is taking a big beating. but did you see the pump on it when people thought bitcoin was going to rise? it still had a lot of life.
to know for sure the situation of whether litecoin is really capable or not of rising back up, we will just have to see how it does with Bitcoin's next pump.
I don't own any and don't plan on it, but there could still be life left in it. Regardless of what CMC says, to me it is still the real #2.
to know for sure the situation of whether litecoin is really capable or not of rising back up, we will just have to see how it does with Bitcoin's next pump.
I don't own any and don't plan on it, but there could still be life left in it. Regardless of what CMC says, to me it is still the real #2.
Thanks for your reply.
But what are the (objective) criteria by which the mint role is assigned? My worry is that there is no valuable/scarce resource necessary to become the mint and therefore control the network...
The most valuable resources (for an attacker) seem to be "node-stake" and the quantity of nodes since everyone seems to be able to become a super peer no matter of his stake size (correct?). Isn't this much easier to achieve than pure stake?
Quote
The peer that hosts the mint is selected by the configuration agent from among the super-peers. The simplest method is to take-turns round-robin. The duration of the mint responsibility is a parameter that can be adjusted. Given that the mint hosting schedule can be efficiently published in advance to all peers, then the mint hosting duration could be anywhere from 10 minutes to perhaps one week.
But what are the (objective) criteria by which the mint role is assigned? My worry is that there is no valuable/scarce resource necessary to become the mint and therefore control the network...
The most valuable resources (for an attacker) seem to be "node-stake" and the quantity of nodes since everyone seems to be able to become a super peer no matter of his stake size (correct?). Isn't this much easier to achieve than pure stake?
A.I. Coin will launch with a minimum of five super peers, located in geographically dispersed datacenters. The founding super peer operators will vet candidates that become new super peers when needed due to growing transaction volume.
A joining node cannot become a super peer otherwise.
and anyone with a name "slipper slope" should be somebody I can totally trust to give my money to, no?
just saying....
What's happened to this project?
This project is not a rush job. According to the OP is a multi-year effort. He is trying to create a new innovation instead of the usual cut and paste job.
...........
The A.I. Coin project is a multi-year effort to achieve a no-proof-of-work mining implementation in an cryptocurrency that ...
............
The A.I. Coin project is a multi-year effort to achieve a no-proof-of-work mining implementation in an cryptocurrency that ...
............
anybody with the name biggus dickus is a person that I'm guessing wouldn't lie, no?
I cannot think of a single way to reach a fair distribution without having a permissionless-entry stage.
I mean, when he INVENTED coinage Croesus of Lydia went entirely the other direction: He said, "Here are tokens I give out to people who do me favors. Now all of you have to give me one every year, so you all get to figure out what favors you can do for the people who do me favors in order to get them to give you one... every year."
In one swell foop the guy invented currency, government corruption, and taxation. And, oh yeah, capitalism. But he didn't see that last one coming.
The point is, not only was it "Permissionless" entry, it was COMPULSORY entry into the market, fostered by everybody working under an unavoidable debt.
CfB doesn't have the power to compel people to use his tokens, so permissionless is really the best he can do.
He has already set a permission level at 1000.
In a perfect world where all people start off on a starting line at the same time with the same tools in hand, then yes, a permissionless system is the way to go. But that isn't the case, on this system all kinds of gate keeping policies will be set with this. Only people in the crypto world will know, and then among those only those that can mine, and then among those only those that have good methods of mining will end up with the lion share of his tokens. When he sets up a system of mining on his MS, he is basically only given permission to BTT people with good abilities to mine to participate.
That of course is not a hard permission, but it is a soft permission and the system has been rigged from the start to be so.
And again, he is going to cap it at "around 1000". He doesn't want 10,000,000 participating. It is clearly not an open system.
So once you have a system set up that is rigged due to the nature of contest that only some people can enter because only that select group are qualified, then all others don't have permission, whether it is a hard rule or a soft rule, it is a fact.
Now that he has a system of permissions, the best way to go about it is to set up the system in a way that insures the most widespread distribution avoiding sock puppets and concentrations of coins into the hands of 20 people. Just accepting donations from anybody via an IPO style launch or PoW alone simply won't do it.
The world needs proof, real proof, not some easily faked proof that there were 1000 participants.
CfB is talented enough and has more than enough money to make 1000 fake sock puppets via amazon and have them mine on MS and then have cryptographic proof that there were 1000 accounts, but that doesn't mean anything. It could still just all be his 999 sock puppets.
So any system that just requires one day of mining by any computer any where without restrictions is a system that I call bull shit on. And I will just be the first of many.
Man, they never listen.
It ain't about PoW vs PoS. It's about allocating all the darn coins so close to the beginning that it makes no economic sense.
It ain't about PoW vs PoS. It's about allocating all the darn coins so close to the beginning that it makes no economic sense.
Wow! One sentence. Straight to the point. I wish I had your skills.
You do realize chain that what cry said is against PoS right? PoS distributes coins at the very beginning to shareholders...
I just focused on the wrong part of the sentence then. The part where it said it isn't about PoS vs PoW, but it is about finding a way that makes in impossible to economically game a system.
Whether it takes 1 day or 100 years to distribute coins, it doesn't matter. What matters is that it is done very widely, and in a way that the coins are still very valued. How a person reaches the end goal doesn't matter. There are advantages and disadvantages to both systems. Not going to hash out the old debate here of PoW vs PoS. People are already stubborn and hard headed in their beliefs.
Back to the point. How can CfB distribute his coins for his new project in a way that people won't accuse him of only having 20 stake holders?
Man, they never listen.
It ain't about PoW vs PoS. It's about allocating all the darn coins so close to the beginning that it makes no economic sense.
It ain't about PoW vs PoS. It's about allocating all the darn coins so close to the beginning that it makes no economic sense.
Wow! One sentence. Straight to the point. I wish I had your skills.