keep seeing posts like "decentralized and anonymity" is the main in cryptocurrency for me. It's clear about decentralizing but what about anonymity?
how important it is for each one? How do you think is it real need or just desire?
Why do you want(need) total anonymity with untraceable addresses/transaction? Is it more important than asic-resistanse, open source or percent of premined coins?
i want to get crypto no worse(or better) then fiat. cash is anonymous. i can give a dollar to my wife, and no one will know about it. cryptocurrency is required to be able to do the same
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BoardBitcoin Discussion
Re: What is the biggest problem in crypto currencies?
What do you think is the biggest problem when you use crypto currencies for paying? It doesn't matter if you are developer, client that looks for services, newbie or pro. Is there something what needs to be solved and what slows down crypto currencies expansion? Thanks for you opinions.
difficulty.. i tried to explain my friends what is Bitcoin for few hours. Without any crypto and etc hard things. and he did not understand. And he is not the silliest man in the world. And I'm not the worst narrator. It's hard to accept ana idea of decentralized , uncontrolled currency based on "difficult terrible" crypto. I think it is really necessary for Bitcoins to become simpler and easier.
One of the bitcointalk ads says: "Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing."
In your opinion, which coin really has anonymous transaction? Is total anonymity possible at all?
I research this question for some time. There are a lot of peoples under each post who trying to promote their one RealAnonCoin but what i get
Bitcoin mixer and shared transaction services - it looks like real way only if you trust the service. https://bitmixer.io/index.html - one of them
Darkcoin - Masternode technology. popular, interesting and expensive if i get the ino right(10% for darksend) https://bitcointalk.org/index.php?topic=724083.0 look here - there are a lot info and links about darkcoin technology
Bytecoin/Monero - cryptonight. ring signatures. if you want to look at this kind of coins - just read about Cryptonight and ringsignatures, not about concrete coin.
There are a lot of "truly anonymous" coins with Guy Fawkes but they look unserious for me.
Monero seems to be where the smart money is in anonymous coins. No premine, instamine, or other silliness. It's very user-unfriendly now, but that lack of user-friendliness is just more upside for those willing to invest now. I'm considering it myself, but can't find a way to make a cold wallet. May just trust bter.com or other exchange with the coins until I can figure out how to make a cold wallet without messing with the client.
Note, however, that any altcoin is subject to the spin-off technique, which is likely to start happening very soon so make your money in alt-ledgers while you can
Pretty much this. CryptoNote is clearly the future and the only legitimate way to do 100% anon transactions. Dark Wallet doesn't fully solve several issues, Darkcoin is subjected to node attacks, and the other CN coins haven't got the good combo of solid + solid launch without shaddy stuff. It's pretty much guaranteed it will reach Darkcoin prices this year. GUI wallet is already available.
I found that not only monero implements cryptonight. What is the difference between Monero and Bytecoin?
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BoardAltcoin Discussion
Topic OP
truely anonymous altcoins
by
den.faulkner1990
on 20/07/2014, 18:51:51 UTC
Hello! Could you give me some truely anonymous altoins? How i can see the favorite is Darkcoin but are there any alternatives? Are they some Technologies of anonymization Overview?
Any address can be tracked easily. But the owner of address is anonymous. At some extent it is still anonymous. We can generate as many addresses as we can to receive BTC instantly with no one knowing the owner.
Yeah that's part of the pseudonymous nature of BTC. One doesn't know for sure who's the owner of a specific address. But even if you figure that out, one can pretty easily just use another address and thus remain separate from the first one!
Using multiple adresses and shared sends and mixers does remove that.
could you give more info about this? are there some software for "shared sends and mixers" or i need to do it by myself?
Hello. Get some info that Bitcoin is not true anonymity. "Once you make the transaction ->it will be put into the blockchain with amount and addresses -> everyone can track your address current balance"
Where there any known cases deanonymization?
And what about cash out BTC to USD? How i can see it's weak element. What is the most secure way to cashout money from BTC to USD?
The English and non-technical version: ASICs in this context are CPUs designed solely for the purpose of mining SHA-256 cyrptos - the most popular one being Bitcoin. Since the chip can only mine and do nothing else (doesn't produce video or audio output, doesn't have extra L2 cache, etc) it is 100x faster than a GPU - just like how a shovel is designed to move dirt while a mop is not.
Thank you, that's what I thought. so there are (or could be in a future) a coins which gives advatages to gpu's but asic's are useless for them. Am i right?
So you are asking about alt coins. You need to post in the Alt coin forum.
But as it is right now there are very few ASIC's developed for non sha256 alt coins. So those coins may be for GPU or even CPU's only until someone develops ASIC's for them.
But again the folks in the alt coin section would be more knowledgeable about that.
no, it's not about altcoins. I'm interested in difference between ASIC and GPU, this question simply followed.
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BoardBitcoin Discussion
Topic OP
Bitcoin de-Anonymity
by
den.faulkner1990
on 20/07/2014, 12:16:17 UTC
Hello. Get some info that Bitcoin is not true anonymity. "Once you make the transaction ->it will be put into the blockchain with amount and addresses -> everyone can track your address current balance"
The English and non-technical version: ASICs in this context are CPUs designed solely for the purpose of mining SHA-256 cyrptos - the most popular one being Bitcoin. Since the chip can only mine and do nothing else (doesn't produce video or audio output, doesn't have extra L2 cache, etc) it is 100x faster than a GPU - just like how a shovel is designed to move dirt while a mop is not.
Thank you, that's what I thought. so there are (or could be in a future) a coins which gives advatages to gpu's but asic's are useless for them. Am i right?
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BoardMining
Topic OP
What is ASIC miners
by
den.faulkner1990
on 19/07/2014, 15:53:44 UTC
Found some topic here when man asking about gpuvscpu. And someone wrote the right thing " Cpu and gpu are the waste of time because there are ASIC's on the scene"
Could someone explain fundamental difference between gpu and ASIC. I thought ASIC's are powerful gpu's specialized to mining bitoins. For this reason ASICs are cheaper the gpu farm in $/hash
Are there some conceptual difference between gpu and ASIC?
Can someone tell me, why GPU mining is better then CPU mining?? It's so strangely, i think.
in context of bitcoin mining is the waste of time. if you mistake the board: re-ask it in altcoins. There are CPU-only coins(gpu have no advantages). Sometimes due to the fact that no one has written gpu-miner. Sometimesdue the algos in the coin.
And if i get PoS/PoW diff right - coins with PoS have the different mining system.
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Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!
The community appears to have moved towards screaming scam every time they see the potential for a coin developer to make some money on a coin they created, released, and supported.
So as a community, what method of remuneration would you be happy with?
If you create something really new and stable that can becomes new Bitcoin some day - ever 1%premine is pretty much. Some about 0.5%for all dev's and promoution team and then just donation's. If the coin is really good - this amount is enough for team. In the opposite case - they deserve no profit.
Hello everyone. Are you using Bitcoin like a a tool for keeping savings? For example i want to keep into Bitcoins money for a child's education. If you look at Bitcoin course now it looks pretty good idea but what about 5 or 10 years? Will it increase with decreasing rewards for block? Or when there will be no reward and etc. Are somebody uses BTC for these purposes?
whatever money i consider as toilet money (money spent on a night out for drinks and food that will just end up in a toilet the next day) i invest in bitcoin. and that is my retirement nestegg..
with ever increasing costs to make due to difficulty and reward halvings, the price of bitcoin WILL increase to compensate, as no one (excusing idiots) would sell at a loss (i include panicking fud believers in the idiot category) so the price WILL rise.
but yea if your not sure, remember the hard rule of investing.. dont throw all your eggs into one basket.
.. so yea i have other retirement plans too to protect myself but my opinion is that bitcoin is going to be the leading reason of my retirement happinss
i agree my idea of hedging against risk
buy physical silver and bitcoin ... profit
are the physical silver stable?
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BoardBitcoin Discussion
Topic OP
Bitcoin long time perspective
by
den.faulkner1990
on 18/07/2014, 09:23:51 UTC
Hello everyone. Are you using Bitcoin like a a tool for keeping savings? For example i want to keep into Bitcoins money for a child's education. If you look at Bitcoin course now it looks pretty good idea but what about 5 or 10 years? Will it increase with decreasing rewards for block? Or when there will be no reward and etc. Are somebody uses BTC for these purposes?
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BoardAltcoin Discussion
Re: What are good resources for identifying POW schedules?
Hi all, I'm new here and relatively new to crypto--I hope I'm posting in the right category.
In my trading I notice that a key variable for timing a trade is a coin's orientation in it's POW schedule, particularly when it is it's nearing the end of POW and the beginning of POS. I don't know how to determine these things, though, apart from listening to people on Twitter who may remark on it.
What are some resources I can use to begin identifying these schedules myself? Thanks in advance for any suggestions.
is not CurrentDate+(block_switching_to_pos-current_block)*time_per_block ?
i think there are no resorces with such info but it's look pretty easy to calculate by yourself
Bulbacoin (PotatoCoin) it is not the national currency of the Belarusians and the international means of payment potatoes and potato pancakes lovers! In the future, plans to become a bulbacoin means mutual payments online community in Belarus, plans to open online stores, which will be to accept as real money, and bulbakoin.
Compile Windows wallet - 1500 BULB - paid to Steven Martin Exchange - 10000 BULB Block explorer - 1000 BULB - paid by La2ha Android wallet - 500 BULB First pool - 1000 BULB Second pool - 500 BULB - paid to HASHLINK.EU Third pool - 500 BULB Translations (cryptocointalk) - 100 BULB Promotion - 50 BULB
It seems to me from my limited knowledge that these are the two new competitors to bitcoin and I was wondering which one had more advantages over the other.
Mainly I'm wondering about the underlying technology, i.e. NXT vs CryptoNote. Which one has a better chance of becoming a successful alternative to btc/ltc?
Are there any glaring problems in either technology that I should know about?
How about the dev teams? Are both technologies supported by a robust and active development team?
People's main argument in favour of bitcoin is that bitcoin can always add whatever features are implemented on altcoins. But from what I can tell bitcoin is the old dinosaur very resistant to change and anything but agile. Bitcoin doesn't even seem to be interested in addressing the problems that it has, let alone adding new features or upgrades.
So what features really stand out about either technology?
Does anyone feel that either codebase is objectively better than bitcoin? Or are we not quite there yet?
i'm not an expert but i seen a lot info in last days that nem is pretty scam. there were a lot of threads few days ago about this, just look for them few days back in this board