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Showing 20 of 152 results by abbyd
Re: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts
Smart contract requires high transaction capacity.
Forget about smart contracts for another year or 2. ETH is being ruined by bad smart contracts for scam ICOs.
What I see here that is very promising is SSL encryption between nodes. Hard to believe that wasn't done before, because cleartext protocol is a huge vulnerability and privacy concern. The web implemented HTTPS ten+ years ago.
Also the design choices by DERO team are solid. Go is a fast yet versatile language, Cryptonight is good algo for mining and confirming, and the command line interface is good. Open source would be nice. CLI looks like a fork of a design I've seen before but can't put my finger on exactly which one... definitiely some Bytecoin lineage.
Buy a certain Alt coin and then introduce some threat to Bitcoin and start shilling for a Alt coin..... The price of BTC goes down and the price of the Alt coins goes up. { depending on what coin is being shilled }
The only correlation that is CLEAR is that bitcoin has lost a TON of crypto market share in 2017. The reason is obvious - long confirmation times caused by a full blockchain and bloated mempool.
Several altcoins are showing promise technically as well. For example, Monero and Dash have better anonymity than Bitcoin. The markets have shown their support for this with higher prices. Bitcoin is going downhill technically - Segwit arguments against reality have been a waste of time and there is still no blocksize increase. The community deadlock has pushed the money elsewhere.
Re: This is getting serious ... Total CryptoCurrency Market Cap to $30 billion !!
Understanding what market cap is would help.
If bitcoins price is $1 per btc and there are 16 million of them the market cap is 16 million. If Bitcoin price is $1000 per btc and there are 16 million of them the market cap is 16 billion.
Bitcoin currently costs $1,230 the market cap is $20 billion.
Quote
Market capitalization (market cap) is the total market value of the shares outstanding of a publicly traded company; it is equal to the share price times the number of shares outstanding. As outstanding stock is bought and sold in public markets, capitalization could be used as a proxy for the public opinion of a company's net worth and is a determining factor in some forms of stock valuation.
If bitcoins price is $1 per btc and there are 16 million of them the market cap is 16 million. If Bitcoin price is $1000 per btc and there are 16 million of them the market cap is 16 billion.
Bitcoin currently costs $1,230 the market cap is $20 billion.
correct
if sh*tcoinX was $1 per sh*tcoinx and there are 5 trillion sh*tcoinx's then the market cap is $5trillion
the market cap is meaningless..
a better metric would be:
how many coins are on the market
how many coins per order line between $0 and current value
to show how much resistance there is to prevent the price going to $0
It's strange, market cap is mostly used to measure stock valuations, not currencies. Wiki says, "market capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation". Others will argue that bitcoin is a commodity, and complicate things further.
Measuring daily volume is also a useful metric. Blockchain.info reports around $50 million per day. Much of this volume could be price propping.
An interesting development has been the rise of JPY in global exchange volume. At this point, EUR, CNY, JPY, and USD are all represented equally. I suspect bitcoin may already be a small scale hedge against currency fluctuations. Of course, bitcoin price fluctuations are much larger than forex.
What regulatory and enforcement methodologies did you endorse?
+1
In the spirit of open dialogue, could you please make available any documents from the presentations?
Re: Do we want to work with money regulators, or keep Bitcoin unregulated?
I liked that piece, although I don't know whether the names named are fair targets or not.
Here's the interview I was referring to in my piece:http://www.youtube.com/watch?v=GqtTTiJmdeA
Ewww. He would "like nothing better than to be on the board of directors of the new regulatory agency in Canada that governs and regulates digital currency".
Re: What are your thoughts on programming with COMMON LISP,SCHEME?
lol! Yeah the irony of it. Such a simple language with very extreme flexibility.
A high level language like this may give me the ability to prototype a very complex program without having to worry about the little details.
A high level language like this may give me the ability to prototype a very complex program without having to worry about the little details.
Uhhhuh, those outdated libraries should work really well for you, and installing and configuring the compiler/build environment on 4 different operating systems should keep you busy. If you're lucky, you could be compiling "hello world" after a week of work.
What exactly is the purpose of porting a mature GPL C++ application to LISP in 2013? Sorry, I just can't think of ANY reason to do such a thing... particularly for someone who seeks "Minimum Effort/Maximum effect".
Re: What are your thoughts on programming with COMMON LISP,SCHEME?
thought I'd do something crazy with my time ...
Bitcoin in LISP
Bitcoin in LISP
Can't help but note the irony of your sig: "Minimum Effort/Maximum effect".
Yes, they do something but probably don't really know what are they really doing. That needs brain, not zillions of fixes to JS libraries.
Trollboy, down, down trollboy. Allow me engage you in a little thought experiment:
Let's assume that 20% of coders at Microsoft don't know what they're doing (probably a LOW estimate).
Now let's assume that 40% of coders building open source tools don't know what they're doing (TWICE the above percentage).
A Microsoft product and an analogous open source product both have roughly the same severity of bugs in them.
The bug in the open source project is:
* found faster (source is available, debugging is simple)
* fixed faster (far more coders submitting patches, no release gating)
* fixes are tested faster (source available, patch/release fast if needed)
Javascript libraries are hardly exemplary of open source software (this served your straw man argument well), many are not GPL
or are commercial, many of them suck, etc. The LAMPPP stack is still far superior to Microsoft in security, reliability, performance,
and TCO - last I checked, this trollwar ended around 2008 with resounding defeat for the Microsoft fanboys.
"The war is over, you can come out of your Windows 2008 Server troll-cave"
Re: I've never been into ALTCOINs, but would it be wise to convert some BTC to LTC?
OP has a ripplescam link in his signature and is asking if its wise to convert to scamcoins.
Oh no, he's a numismatist.
Either doesn't understand Bitcoin or he's truly LONG bitcoins.
Your rhetoric sounds like someone on investorhub.com forums panicking about their short position and bashing the hell out of a stock. 
Although that was funny, let's keep it civil. This is a good thread with minimal bashing. Some good ideas are being put forth.
Here are a few thoughts:
* No reason to get butthurt about hoarding - you do what you want with your coin.
* Basic necessities and durable good will always be in demand - let's make these available via BTC!
* WE ARE ALL SPECULATORS - Bitcoin is not proven yet: we could all lose 100% of value, or increase our wealth 10-fold...
* Inflationary currency encourages spending and punishes saving, deflationary currency encourages saving and punishes spending (however, "life is finite", as one said here)
* Bitcoin is an inflation hedge - the fact that it's stable right now implies that it's losing a bit of value against fiat...
* Bitcoin is SIMILAR to the financial networks that the global elite use - every day US $5 trillion changes hands electronically...
In case nobody has noticed: we're pretty close to World War III right now, which will have a dramatic impact on trade, valuations, and the global geopolitical balance.
Re: I've never been into ALTCOINs, but would it be wise to convert some BTC to LTC?
Honestly when Litecoins came out I thought they were something that would blow over in a matter of weeks. They seem to be holding strong, though. Would it be wise (I have a decent number of bitcoins) to convert a small portion of them to LTC? If it helps, I am "in it for the long run".
Keep a careful eye on BTC/LTC exchange rates - it's gone through some interesting fluctuations recently. Your optimum LTC buy window might come when miners switch back to BTC...
Re: What does Bitpay do to avoid the fluctuation risk of exchange rate?
It's the other way around. Not placing a sales order at the price that they gave to the customer. They give the customer price calculated basing on current bid prices available at the exchanges and they simply put ask orders to match available bid offers - placing that ask order at the exchange at the same time as displaying the price to the customer (for some percentage of the transaction amount, basing on probability of the deal to go through). The whole process should work more in real time than I described in my previous post, but I wanted to simplify the example to be easier understandable, hence the 10-second periods.
Well, if they're market players, they'll only put in a BTC buy order when the BTC price is dropping. If BTC value is rising, they can pocket the BTC, and happily pay less cash than the coins will be worth in the future... As long as they have some bankroll (which they appear to), they should be fine.
Yeah I dunno, I've noticed this too. Anyway, I wouldn't worry about it much, unless he tries to sell something. Then the reason becomes clear.
+1 could be "reputation building".
When his first sell offer gets posted, we'll all jump in with demands for escrow and see how he responds...
Re: 2013-05-27 Examiner: The biggest problem with bitcoin is dollar
Quote
"Every time theres a potential hurdle on the road to Bitcoin adoption, its not Bitcoin thats the problem. Its the arbitrary and cumbersome regulations of the legacy banking system, and the stranglehold that State has on the dollar.
The more they try to strangle bitcoin-dollar transactions they will only succeed in strangling ALL dollar transactions ... they are making their own currency worth less by restricting its ability to be transacted and therefore useful. It is the same with the cash threshold restrictions, they are restricting the flow of their own currency and thus it market value.
The dollar is in competition with bitcoin (and other currencies) so placing capital controls on dollars inside the dollar system to restrict bitcoin usage is pointless and actually counter-productive for the dollar itself. With every capital control, cash restriction, AML/KYC regulation or other restriction on dollar transfers implemented inside the dollar payments system the bitcoin becomes more valuable because it has none of these impediments to transaction within the bitcoin system.
Not exactly - the banksters are currently waging a "war on cash". The purpose is to get all transactions "on the grid", so that they can be logged and controlled if necessary. Any transaction of more than about one thousand USD needs to be electronic - via credit, ATM card, etc. Once enough transactions are done "on the grid", they'll have full control over monetary movement. Implementing capital controls, ordering bank holidays, and gatekeeping transactions will all be trivial tasks. The Fed can pump and dump the money supply to infinity with impunity. Markets of all types can be manipulated and managed by multinationals as they please. As one might imagine, Bitcoin doesn't fit into their pretty picture, and must be neutralized.
Prepare yourself for protocol encryption/encapsulation, blockchain hiding/segmenting, and bulletproof exchanges...
I agree with that "war on cash" theme, although motives are anyone's guess. As far as I can make out, the "war on cash" is playing out even at the micro-transaction level: Starbucks, card swipes at gas stations or convenience stores, and so forth. "The System" is trying to get the convenience and immediacy of electronic cash-substitutes, which seems like a laudable development but a
There are a few articles trickling out about the war on cash - Max Keiser talks about it, Jon Matonis mentioned it on his blog. The big offender so far is Sweden:
http://www.economicpolicyjournal.com/2013/03/the-international-war-on-cash.html
From what I can tell, citizens in places like Sweden tend to be very trusting of government authority... a perfect testing ground for the propaganda, etc.
Wow. My guess is this guy likes to take it up the azz in a rubber suit...
You sure about that? Have you just equated under the term "greed", the actions of a child and the actions of adults running organizations and/or institutions, then correlated the results based on the child's experience?
Secondly, fyi, Rand did not say "Greed is good." The above quote refers to the rebuttal by Rand of an assertion that "Money is the root of all evil", cast in fiction in Atlas Shrugged. Even when Rand asserts that acting in one's own self interest is good, that...applied to the child would indicate the child should not eat so many sweets.
I think what may confuse the entire issue is the various definitions and uses of the term "greed."
OK, semantics get tiresome pretty quickly for me. Also I did not attribute "greed is good" to Ayn Rand, rather the long quote that Gordonium pasted without attribution.
From wiki: greed = "an inordinate desire to possess wealth, goods, or objects of abstract value with the intention to keep it for one's self, far beyond the dictates of basic survival and comfort".
Obviously my analogy was to point out that a child has to learn not to take more than they need. I don't think it's much of a stretch to apply the analogy to the rich/greedy? Is it good that we have people who could spend $100,000 a minute and still not be broke by the time they die?
I would think that greed is inherently counter to self-interest, so let's not bother trying to equate those terms.
Re: Blockchain Download/Update With Any Coin Constant Hard Drive Thrashing Question?
Thank you for that but that really does not explain why All the Blockchains (Based on P2P correct?) thrash the Hard drive and consume so much CPU time.
Ill use:
http://linuxtracker.org/
As an example you can pick pretty much ANY torrent there with equal size to a Coin Block chain it will Download Faster,Thrash a Hard drive less,Not use so much CPU time and still verify every block of data to make sure its not corrupt.
If it really has to verify every single transaction from block zero how is it doing that exactly?
As Stated Ive watched Blockchains download it usually goes:
1.Downloading (Speed Varies) No Update on Block count not going down.
2.Downloading (Speed Varies) Updating. Block count going down.
3.Not Downloading Updating. Block count going down.
4.Not Downloading Not Updating. Block count going not down.
All with 100% CPU usage. Amount of Cores also mean nothing.
Ive Downloaded Blockchains on Single Cores just the same as the Quad core I just used today. That was with ALL 4 cores at 100% usage because of the Bitcoin client.
Ill use:
http://linuxtracker.org/
As an example you can pick pretty much ANY torrent there with equal size to a Coin Block chain it will Download Faster,Thrash a Hard drive less,Not use so much CPU time and still verify every block of data to make sure its not corrupt.
If it really has to verify every single transaction from block zero how is it doing that exactly?
As Stated Ive watched Blockchains download it usually goes:
1.Downloading (Speed Varies) No Update on Block count not going down.
2.Downloading (Speed Varies) Updating. Block count going down.
3.Not Downloading Updating. Block count going down.
4.Not Downloading Not Updating. Block count going not down.
All with 100% CPU usage. Amount of Cores also mean nothing.
Ive Downloaded Blockchains on Single Cores just the same as the Quad core I just used today. That was with ALL 4 cores at 100% usage because of the Bitcoin client.
OK I don't have an in-depth technical answer for you - you should probably start reading descriptions of the code architecture (https://bitcointalk.org/index.php?topic=41718.0;all) if you really want to know this.
Put simply: Bitcoin uses a database for the blockchain that requires a lot of I/O to verify transactions. Note that the database recently changed from BerkeleyDB to LevelDB, so the above description will differ slightly in this respect. I can tell you that performance improved about 500% when this change occurred...
Re: 2013-05-27 Examiner: The biggest problem with bitcoin is dollar
Quote
"Every time theres a potential hurdle on the road to Bitcoin adoption, its not Bitcoin thats the problem. Its the arbitrary and cumbersome regulations of the legacy banking system, and the stranglehold that State has on the dollar.
The more they try to strangle bitcoin-dollar transactions they will only succeed in strangling ALL dollar transactions ... they are making their own currency worth less by restricting its ability to be transacted and therefore useful. It is the same with the cash threshold restrictions, they are restricting the flow of their own currency and thus it market value.
The dollar is in competition with bitcoin (and other currencies) so placing capital controls on dollars inside the dollar system to restrict bitcoin usage is pointless and actually counter-productive for the dollar itself. With every capital control, cash restriction, AML/KYC regulation or other restriction on dollar transfers implemented inside the dollar payments system the bitcoin becomes more valuable because it has none of these impediments to transaction within the bitcoin system.
Not exactly - the banksters are currently waging a "war on cash". The purpose is to get all transactions "on the grid", so that they can be logged and controlled if necessary. Any transaction of more than about one thousand USD needs to be electronic - via credit, ATM card, etc. Once enough transactions are done "on the grid", they'll have full control over monetary movement. Implementing capital controls, ordering bank holidays, and gatekeeping transactions will all be trivial tasks. The Fed can pump and dump the money supply to infinity with impunity. Markets of all types can be manipulated and managed by multinationals as they please. As one might imagine, Bitcoin doesn't fit into their pretty picture, and must be neutralized.
Prepare yourself for protocol encryption/encapsulation, blockchain hiding/segmenting, and bulletproof exchanges...