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Showing 20 of 56 results by mudshark79
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Re: IOTA
by
mudshark79
on 04/09/2016, 15:44:26 UTC
Let me start by seeing if I'm guessing on the right track.

It seems to me that the ONLY way you could scale to this degree is with a segragated witness style scheme. VERY VERY roughly it seems like the idea would have to be that each node will only monitor a small fraction of the total network, and any time you are interested in a transaction that is not taking place on the part you are monitoring, you will be forced to trust the consensus of the percentage of the network that IS monitoring the transaction you are interested in.

Am I on the right track?

Kind of as I see it, yes. Not sure about witness style scheme and security. Sounds like a weak point at first, but it's the strength and feature of the system. You can conduct transaction without having to know the wohle picture. Think of a little IOT-device sleeping 10 minutes, waking up for 60 seconds, checking something (sensor?), doing transaction, sleep again. Kind of an offline transaction. This could not be done with a blockchain because the device would have to be online syncing the whole time. Or it would need a thin-client server structure, like electrum wallet.  Plus you can do transaction without any cost whatsoever other than doing a little POW.

What came to my mind would be to setup some nodes in a LAN, separating them from the network via firewall, let them be on their own for 60 minutes and then reconnect them. Transactions should be valid. Not sure sure about coordinator needed at this point in time, but if  finalized, things like that should be possible.
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Re: IOTA
by
mudshark79
on 19/03/2016, 17:31:38 UTC
Note 160k for the deal from my side, please.

Regards
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Re: [ANN] AIRcoin
by
mudshark79
on 09/04/2014, 13:01:56 UTC
I am thinking that the only way to keep it honest is to surrender existing AIR, even if only temporarily. They could accept the AIR Beta, distribute New AIR based on what is surrendered, then at the end of verification, they could return AIR Beta. I know this sounds like a big pain, but really, how many are holding AIR right now? I can see the potential for abuse if existing AIR is not surrendered. Maybe there could be a volunteer to administer the exchange of coins. (Finger on nose...not it)

More likely you would simply start a new blockchain and you would than enable a redeeming mechanism in the new clients that "enables" your NEWAir on the new blockchain by importing your old wallet.dat so based on the adress-keys inside. MMC/PTS/AGS already did it several times... approved method and you don't need any exchanges whatsoever. Only the ppl have to fetch their air from the exchange and into their "own" wallet on time ... one will see, i guess. So the premined 2.5m would also appear in the new blockchain and there is no possibility of abuse (you had to trust the devs on this one until now so nothing changes here) - I think the greater "problem" is that several "Pros" that played this coin to this point are now so completely full of AIR that history will repeat even more distinct, i'm afraid. This will take a long time to "recover"... also me should have shortened greater quantities earlier.

Personally I don't believe in any of those so called "concepts" or strategies concerning of simple Alts anymore. The only thing that is gonna bring sustainable growth would be a mass adoption of any kind based on a decentralized blockchain-application but not necessarily simply by paying for goods online or even using those blockchain-application as a means of investment - Q.E.D. via this first attempt of AIR, even with best intentions of the developers.

Have Fun!
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Re: [ANN] AIRcoin - Professional Investment, No Fees, Rising Exchange Rate
by
mudshark79
on 12/03/2014, 10:35:02 UTC
OKaypool not finding blocks or just a software glitch? last block found is 17865 and we are now at block 17899, so 34 blocks, that cant be right since this pool is doing more than half  total nethash.

Just the usual "very busy" for one hour calculating Rewards-glitch ... they love the thrill over there....
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Re: [ANN] AIRcoin - Professional Investment, No Fees, Rising Exchange Rate
by
mudshark79
on 08/03/2014, 13:07:06 UTC
hope this manages to get on an exchange soon. Need more hash

If this is listed on an exchange with a trading API multipools will rape it.
This coin has no protection from multipools.
It is going to be very hard for the devs to follow through with their plan if there is a constant downward pressure on the price.


We need better KGW implementation, some algoritm similar to what DarkCoin has - controlled by Moore's law, extremely efficient, effectively will rule multis out.

I'm also not sure if the KGW implementataion at this point reacts "quick" enough if a multipool jumps of the ship. Will leave the miners stuck the heights of long block times for days. The Hashrate going down from ~300 to >200, the difficulty took more than one day to readjust, not even clear if this adjustment is finished already. But I think things like that can be readjusted later on also.

On the other hand maybe this is just my subjective conception, this graph tells something different, doesn't it?:

http://i59.tinypic.com/1g0hz.jpg

Also what Darkcoin does is an adjustment of the block reward, KGW is on the difficulty, correct me if wrong. And btw - It's not this "moores law thing" what is keeping the multis away at this time but the hashing-algorithm used, right? Aircoin will have other means of adjusting the block reward and this will not be fixed like in darkcoin but can be adjusted on purpose by teamaircoin - correct me if wrong again.

  

Good spot, you're mostly right.
I believe Dark's algo keeps multis/whale away, with such rapid changes it doesn't make sense to switch, they can rape several blocks max and it's over.

Something as agressive is needed here, otherwise Air traders will have to fight dumpers all the time.

The point i wanted to make (and for this point it doesn't matter which hashing-algo you use):

it's 2 different knobs you can play around with:
1. dynamic difficulty readjustment, KGW being one example
2. dynamic block reward readjustment (like DRK has implemented a dynamic readjustment at a "fixed rate" or HVC pretends to have implemented a dynamic readjustment based on voting - once they get their shit done  Lips sealed )

It seems that most people think of this being the same thing somehow and that it has stgh. to do with "keeping multipools away" which simply isn't right or is at least a big oversimplification. Makes me wonder what all those people mining crypto really "learned" while hodling their vanishing-wealth and laughing at typos  Roll Eyes

And pardon me for this unjust generalization.
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Re: [ANN] AIRcoin - Professional Investment, No Fees, Rising Exchange Rate
by
mudshark79
on 08/03/2014, 12:25:03 UTC
hope this manages to get on an exchange soon. Need more hash

If this is listed on an exchange with a trading API multipools will rape it.
This coin has no protection from multipools.
It is going to be very hard for the devs to follow through with their plan if there is a constant downward pressure on the price.


We need better KGW implementation, some algoritm similar to what DarkCoin has - controlled by Moore's law, extremely efficient, effectively will rule multis out.

I'm also not sure if the KGW implementataion at this point reacts "quick" enough if a multipool jumps of the ship. Will leave the miners stuck the heights of long block times for days. The Hashrate going down from ~300 to >200, the difficulty took more than one day to readjust, not even clear if this adjustment is finished already. But I think things like that can be readjusted later on also.

On the other hand maybe this is just my subjective conception, this graph tells something different, doesn't it?:

http://i59.tinypic.com/1g0hz.jpg

Also what Darkcoin does is an adjustment of the block reward, KGW is on the difficulty, correct me if wrong. And btw - It's not this "moores law thing" what is keeping the multis away at this time but the hashing-algorithm used, right? Aircoin will have other means of adjusting the block reward and this will not be fixed like in darkcoin but can be adjusted on purpose by teamaircoin - correct me if wrong again.

  
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Re: [ANN] AIRcoin - Professional Investment, No Fees, Rising Exchange Rate
by
mudshark79
on 08/03/2014, 12:12:25 UTC
Quote
People, we really need to ask ourselves; is a coin with a cap of 1,000,000,000 going to be released and be worth 0.00115 off the spot?
That would put the market cap at 1,150,000 BTC.... thats $759,000,000

ON DAY ONE!

Reeeaaaallly?

A coin with:
  • No new features
  • No accountability (identification, recourse)
  • No valid use except as a speculative asset

Come on people, lets be realistic here. A few satoshi's sure, but .00115 BTC/AIR?

Interesting Point... the market-cap that results out of this parameters will produce a decent buzz ... also if I don't believe, that this will keep people from accepting the given price, if the developers manage to keep it stable at this rate. At least there is no single entity that could dump other than the devs themselves.

Look at AUR, it didn't keep people from buying even though everybody knew (or maybe not everybody Tongue) what is going to happen and that the marketcap is artificially distorted. Do I trust 200.000 Icelanders more than a dev team :-)?   

The "no new features" point could be debated - also if it's right that "stable rising market price" isn't a feature of the coin itself but a feature of the endeavour as a whole.

Regards
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Re: [ANN] AIRcoin - Professional Investment, No Fees, Rising Exchange Rate
by
mudshark79
on 08/03/2014, 11:47:58 UTC
I have no trouble agreeing with you X, when money  pile up, ethics usually start to go down. True.... but not always.

What is your solution then? How are we going to reward the DEV Team? or to you think that creating and supporting something should not be rewarded? Don't get me wrong  TheMightyX, I understand your concerns and  share them, but what would be a better solution?

No matter what, you always need to trust at a point, trust that the doctor will not forget a pair of scissors inside your belly, trust that your wife doesn´t fool around with some other guy (or girl), trust that your kid is not smoking something funny, you name it.

This is no different, and if the DEV's make a pile of money, as long as i make some too, i´m happy. After all it was their idea, their initiative, their work... i´m just following along.

I don't think that a dumping-out option at some future point is the intended mean of reward for the dev team  Roll Eyes - on the other hand It's clear that they will reward themselves for the work done.

@teamaircoin: How do you reward yourself for the work done? Is there some kind of salary? Do you intend to use the pre mined funds for this? Sorry if this maybe is covered somewhere in whitepaper or somewhere in this thread and I'm not aware at the moment...
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Re: [ANN] AIRcoin - Professional Investment, No Fees, Rising Exchange Rate
by
mudshark79
on 06/03/2014, 13:12:36 UTC
okaypool stuck? don't see blocks for almost an hour... Mining and getting 0 coins.

edit: wtf i see a block now. Mined 40 mins for nothing?

There's a thing called mining-luck...  Cool
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Re: [ANN] AIRcoin - Professional Investment, No Fees, Rising Exchange Rate
by
mudshark79
on 04/03/2014, 21:30:50 UTC
This is one of those coins you just wish you had got into during the early days.....

 Huh
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Re: [ANN] AIRcoin - Professional Investment, No Fees, Rising Exchange Rate
by
mudshark79
on 04/03/2014, 10:55:52 UTC
@Teamaircoin:

I'm not sure if this question already came up somewhere in the past 20 pages ... so: why didn't you choose some fancy algo or some POS ingredient to the asset? To keep things simple (in terms of avoiding POS) or to even attract ASICS in the near future?

Regards



Initially, simplicity. Our time and energy is spent on the economics of the coin, and we didn't feel that (at least at launch) the effort and complexity put forth in a POS system would have significantly improved the economics of the coin. Instituting such a system (especially if Scrypt ASICs move in faster than we anticipate, we believe we'll be able to adapt the code earlier) is not out of the question though.

In the longer term (months), adopting to a more environmentally-friendly or economically viable POS system may be advantageous.

As my question did cover POS and alternative Algos also and your answer didn't clearly reflect on the second:

If I got you right, you do consider moving on to a Proof-Of-Stake AND/OR a different Mining-Algo (Scrypt-N, SHA-3) also, if this gives advantage to the project as a whole?

It is said that both this options can be applied to an existing coin afterwards forcing a hard-fork, but if I think about it no example where this actually really happened comes to my mind, not counting "blockchain-resets" ala Memorycoin.

Regards


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Re: [ANN] AIRcoin - Professional Investment, No Fees, Rising Exchange Rate
by
mudshark79
on 04/03/2014, 07:46:18 UTC
@Teamaircoin:

I'm not sure if this question already came up somewhere in the past 20 pages ... so: why didn't you choose some fancy algo or some POS ingredient to the asset? To keep things simple (in terms of avoiding POS) or to even attract ASICS in the near future?

Regards

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Re: [ANN PoS+ PoW] eXocoin [EXO] - gen 2.0 - developed from scratch! Free Give-Away
by
mudshark79
on 23/02/2014, 10:25:14 UTC
How are you going to send out the stakes if all you have is BTC transaction IDs?

People send their exo-adress via PM, the anonymous participants will have to send a signed message including their exo adress  to anon...
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Re: [ANN PoS+ PoW] eXocoin [EXO] - gen 2.0 - developed from scratch! Free Give-Away
by
mudshark79
on 23/02/2014, 10:14:48 UTC
I hope this will not be like stackcoin

or like neon, but them had a really nice artwork, at least  Cool Lips sealed:

https://bitcointalk.org/index.php?topic=400356.0

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Re: [ANN PoS+ PoW] eXocoin [EXO] - gen 2.0 - developed from scratch! Free Give-Away
by
mudshark79
on 22/02/2014, 21:23:34 UTC
were you guys having difficulty with bitcointalk or was that just me?

Also difficulties of different types: nginx gateway errors, database non availabilities and timeouts ...
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Re: [ANN PoS+ PoW] eXocoin [EXO] - gen 2.0 - developed from scratch! Free Give-Away
by
mudshark79
on 22/02/2014, 19:12:18 UTC
sent 1.009 BTC to Anon136

Transaction-ID:
e022335de5c15547721b5ccaf4e1224a78301503aeed6e478a6b9916c3d51128

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Re: [ANN PoS+ PoW] eXocoin [EXO] - gen 2.0 - developed from scratch! Free Give-Away
by
mudshark79
on 22/02/2014, 11:10:10 UTC
I think its funny how these new coins try to beat nxt distribution with all these mad ideas on how to keep it fair. But none of them succeed. Take nem for example sock puppet accs, exo has the same problem with the 1st level 2nd level 3rd level investments. Looks like nxt did alright.
Oh by the way im in on exo regardless of distribution this only matters to those that missed out learned this with nxt

The point is that nxt did the IPO already and maybe you should compare it to other already done or nearly complete IPOs better (Mastercoin, Counterparty? - but i didn't really study them) but not to some IPOs still ongoing and with no finishing-line in sight (NEM, emunie, Ethereum) because also the time after the IPO and the development of the market-price has to be taken into consideration.

Bitshares is also happening right now and it seems the found a way to make it happen in a "civilized way" somehow but only with the addition of Angelshares, Protoshares as a single mean of IPO was a fail because of the strain done by the centralized nature of the mining process but of course this is also the opinion of a (too) late comer in this regard   Grin.


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Re: [ANN PoS+ PoW] eXocoin [EXO] - gen 2.0 - developed from scratch! Free Give-Away
by
mudshark79
on 22/02/2014, 10:53:09 UTC

But you don't, Dev said funds have to be released before white paper is released, so you risk losing everything.

From what i understood, Annon is going to give the bitcoin to the dev once he started distributing the eXocoins to investors

My understanding is that mr exo_coin has agreed to use me as escrow as well. So i believe what will happen is that he will transfer the exo to me in batches and then i will in turn release the equivalent amount of bitcoins to him. This process will continue until all of the exo and all of the btc have been transferred.

Hey guys,
So do we even know under what terms will you release the BTC?

I am just trying to recapitulate in short what's going on here so bear with me. I am in no way trying to bash this IPO, I am actually still thinking about investing since there is more than 12 hours left. I am just trying to be objective and realistic.

So we have 2 guys that started a new coin and they claim this will change a crypto scene. Pretty bold statements but so far so good. They claim there is a third guy as well with a new profile but OK he never showed up in this thread. Exo coin is a new member/new profile. He seems to lead the dance. Exokk is a second Dev who made his profile in the mid December just about the time I made my profile, so complete newbie. By looking the history of his posts yoou can see that he is a complete newbie since it is clear that he doesn't know a thing about crypto currencies. He had a wallet for every single bullshit coin and was leaving his addresses in giveaways for free coins. He was also into mining. OK, now I start not to like this, is it possible that one such guy will write or be a part of writing new code for coin that will be best in the world? Just to remind you the 3rd DEV never showed up.

Thanks all!


Looks like you are are correct about Exokk history. This is disturbing. The only reason this threads picked up is because Anon posted about it on main Nxt thread  

If it turns out to be scam, ....





Also one can question if this is gonna be a success for the investors at this rate. Let's suppose it's no scam but there is a coin coming, but maybe it fails on one of its features (no one even knows about now - but hey it's C++) or get's postponed from week to week (bitcoin going to $100 meanwhile - evil FUD sayings) there is a chance that the market will find a lower price than what was paid here at the IPO (50% Mining - this will attract some big guns dumping definitely) - or at least the possibilities don't clearly reflect on the risks one takes (especially if one pays directly)... just my "newbie" 2cts looking at all this crazy ongoings since last November :-). Of course I know you all took this into consideration :-).
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Re: [ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE
by
mudshark79
on 18/02/2014, 11:23:27 UTC
Until Artos say's it's dead, it's alive, and mixing service is in progress.

Someone told me of a black swan out there and I'm quite sure that sooner or later it will appear to me  Roll Eyes.

The longer it takes that some event is happening that was announced for a point in the past the greater the probability it will still happen. Does this sentence have some congruency with your recognition of the world or common sense as such? Maybe all too often this is the case if you translate your expectations into perceptions but mostly it's just  Tongue
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Re: NXTL: Next Coin Lite 3 - NEXT UPGRADED - Fair Distribution - Topic 3
by
mudshark79
on 11/02/2014, 23:28:31 UTC
Count me in, please  Cool