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Showing 3 of 3 results by TheJG
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Topic
Board Bitcoin Discussion
Topic OP
The good bad and the ugly of Bitcoin pseudonimity.
by
TheJG
on 31/10/2014, 20:45:31 UTC
Hello! everyone.

I just wrote an article on liberty.me called:

The Good bad and ugly of ‪Bitcoin‬ pseudonymity.

It covers tips for using and getting Bitcoin anonymously, discusses the risks and benefits of a reputation systems in the Bitcoin space and takes a shot at recent attacks on Bitcoin being a tool for terrorism.

Please 'heart' it if you like it! There's a contest going on and I have a good chance to win, but it ends today!

If you ever considered tipping me, consider 'hearting' this article a tip!

Thank you very much.

‪#‎darkcoin‬, ‪#‎darkwallet‬, ‪#‎btc‬, #bitcoin

http://juansgultch.liberty.me/2014/10/31/the-good-the-bad-and-the-ugly-of-bitcoins-pseudoymity/
Post
Topic
Board Bitcoin Discussion
Re: The fall of Bitcoin nodes. Why nobody talks about it ?
by
TheJG
on 26/10/2014, 22:16:09 UTC

With a bit of knowledge, one can launch over a thousand nodes around the world via VPS and the help of bash script, in few hours.

Yes it is a problem and solving it is damn easy.

What we can start is to run a full node at home and at work (if possible) and also run some VPS.
If most people do it, problem solved so just do it.


Is it just me or are most people on this post missing the point?

The problem is not whether we can host more nodes or not. The problem is that it is not being done, even if it is easy. Why? because there's no incentive for most people, in fact there's negative incentives to do it. Aka blockchain bloating and no immediate benefit.

The idea that saying things like "people ought to support the network our of a none financial sense of reciprocity" is sadly naive, even if fair.

Mining is also more centralized than ever and this is becoming worse over time with not expectation of reversing. Right? Since all the rewards go to miners, node hosting becomes charity.

How do we solve this?

Well, the first question is, does it matter?  What are we losing with the centralization of nodes? is it a worse problem than the centralization of mining?

if we decide more nodes is better than less, than one option is to say, something like 10% of mining rewards per block go to a random node, or are distributed among x random nodes.

Sort of like Darkcoin's Master Nodes are financially rewarded.

Would this centralize mining more or make some miners go out of business? I don't know. I frankly think Mining is unnecessary, Proof of Stake and similar innovations have already solved this problem, or atleast made it less of a problem.  particularly with appropriate early distribution of funds.
Post
Topic
Board Altcoin Discussion
Re: Why is Peercoin going up in price so much?
by
TheJG
on 20/09/2014, 21:11:53 UTC
Short term - because of Nubits

Long term - because its the father of POS, it's the oldest POS chain,  it has sensible developers who are playing the long game,  not just trying to be the next gimmick pump as all the scamcoins out there are.  

Next to Bitcoin it is by far my favourite coin and has been for a long while already..   I don't think it gets the attention it deserves.


How is it better than NXTcoin? they are both Pos, fairly distributed ICO, yet NXT has a decentralized asset exchange that is turning a major part of the asset exchange volume compared to competitors. https://coinmarketcap.com/assets/

It has tools that are enabling tech like Nxtty chat, a mobile app that allows P2p encrypted chat and encrypted voice calls, plus nxttycoin wallet. Nxttycoin being an asset ontop of nxt.

And to top it off, it has a very similar service as namecoin called an alias system. Which as far as my non developer understanding, it at least just as good.

Even if they've solved the problem of volatility, which is yet to be seen, NXT is till better tech wise. And hey, awesome development, thank you Peercoin devs. But aside from that.

Why are peercoin users not using NXT instead?



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