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Showing 8 of 8 results by pawnuts
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Topic
Board Project Development
Re: Bringing a Trading Card Game into Bitcoin World
by
pawnuts
on 19/06/2017, 20:13:50 UTC
upon learning more about crypto, Bitshares is the easiest and best option for your project. Creating a coin is as simple as filling out a form.

www.bitshares.org

www.openledger.io
Post
Topic
Board Economics
Re: Why do people keep saying BTC is dead?!
by
pawnuts
on 19/06/2017, 19:25:37 UTC
first of all most of the people dont know what they are talking . BTC will not be dead there is a big community which is holidng it .
If somewhere there will be information about the fact that Bitcoin goes Q2 or begins to die, then I would advise you not to pay attention to it at all. Because If a person does not have reliable information, then one does not need to take negative information for the truth. This is all information manipulation to provoke a panic in the Bitcoin market. Many users, thanks to such manipulations, buy up Bitcoin in huge quantities. Canceling Bitcoin will still go up.

Bitcoin has scaling issues and conflicts of interest that cannot be solved with its current consensus mechanism. In this great experiment of decentralization ironically the miners supporting the network have coalesced into Pools, of which 6 control over 50% of the hashing power and as a result could collude to manipulate the system in their favor (51% attack). This is as effective as being "decentralized" over 6 nodes.

Bitcoin Inspired us, but like the Wright Brother's first plane, its destiny was never to be an airliner.

What will "replace" Bitcoin? - as a decentralized platform for payment and exchange, personally I think Bitshares will.

Stop thinking about Cryptocurrencies as currencies and start thinking about them as Companies. The ones that are organized as such, IMO, will ultimately succeed over the ones that aren't because everyone works together to form consensus and drive the organization in a positive direction towards growth.

For example, as you will see in the coming weeks, Bitshares is about to host a competition which will distribute the most prize money in history. $1,000,000,000.

https://steemit.com/hero/@stan/the-billion-hero-challenge

People will cling to Bitcoin out of emotion and hope that they will be able to solve the problems in the future... just like with Ethereum. However there are platforms, like Bitshares, that have already solved these problems and are driving towards world wide adoption today.

Bitcoin is dead, and like a grieving mother to a deceased child, it's investors will cling to its lifeless corpse.
Post
Topic
Board Service Discussion (Altcoins)
Re: Shapeshift.io on ethereum ?!
by
pawnuts
on 25/05/2017, 03:26:29 UTC
Ok so apparently this is it folks. Public ethereum as expected, no one had any doubts right ?

So, apparently the shapeshift.io  built world's first trustless asset portofolio platform on public ethereum. It's still beta.

https://blog.prism.exchange/blog/introducing-prism-the-worlds-first-trustless-asset-portfolio-platform/

It's not Trustless. IMO the way they are marketing this is dishonest and scammy.
https://steemit.com/cryptocurrency/@pawnuts/why-shapeshift-s-prism-is-a-scam
Post
Topic
Board Service Discussion (Altcoins)
Re: Shapeshift.io's world's first trustless asset portofolio platform
by
pawnuts
on 25/05/2017, 03:17:45 UTC
Just for the record, this means ethereum contracts ( wallets ) can hold any token shapeshift supports. Like, you can hold bitcoin in your ethereum wallet by using prism. If you buy a token, say dash, you won't have to use a dash wallet aswell, or worse, hold it on exchanges.

You know the old bitcoin maximalist saying "one blockchain dominates them all. I think we can adapt it and say "ethereum wallet dominates them all.

Actually, this does not mean that at all. Say you make a "prism" of 1BTC. Shapeshift will then charge you a 2.5% fee and then a 1% fee every month (close to 12% annually) to "manage it." what happens behind the scenes is Shapeshift buys 1BTC and holds it. When you close your fund they convert it into ETH (using accounting techniques, not blockchain transactions) and send the ETH to you.

The counterparty risk they don't tell you about is if shapeshift goes bankrupt you can't redeem your investment.

There are more issues with this, find out more- https://steemit.com/cryptocurrency/@pawnuts/why-shapeshift-s-prism-is-a-scam
Post
Topic
Board Speculation (Altcoins)
Re: Byteball hype over or time to buy?
by
pawnuts
on 27/04/2017, 19:47:04 UTC
Does this coin have strong enough technological value to keep growing, [...]?

I'm observing Byteball and have read the whitepaper. I'm not sure if the DAG has any advantage over a traditional blockchain besides faster transaction propagation, so that could be a plus.

But on the other hand, the coin is actually very centralized (it can be regarded as a "proof of concept" at most) and not totally trustless, even when the witnesses are to be freely elected it will be more a kind of "web of trust" like Ripple. I regard it as more centralized - and thus more vulnerable to social engineering attacks - than DPOS coins like Bitshares.

Did you read the whitepaper?

Note that just because you regard something as centralized does not make it centralized. Being anonymous and being decentralized are two different things, the fact that witnesses in the Byteball network are known entities is an advantage, not a disadvantage. It would be very difficult (read effectively impossible due to the negative return on investment) for someone to acquire enough witnesses using fake identities to create a "shadow chain" that the main chain would not deem invalid.

The system is a democratic one and will require some vigilance on the part of its users to maintain honest witnesses, however if you have people using Byteball for storing or transferring any substantial value then they will ultimately be very interested in the health of the network.

Scaling is the biggest issue for crypto currencies and if any store of value wants to really take a global stage it has to be able to deal with the demands of that. As soon as transactions start slowing down you hamper productivity - people will move to a faster chain. Maybe Bitcoin will retain its value because it was #firstcoin and but it cannot handle the demands of hundreds of thousands of transactions per second, which is what you will need if you have a platform that deals with trading digital assets. This is why, IMO, I don't think Ethereum has a future.

my $0.02
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Topic
Board Marketplace (Altcoins)
Topic OP
Free Tournament on the PeerPlays Testnet! Real LTC to be won!
by
pawnuts
on 21/04/2017, 21:37:35 UTC
a PeerPlays enthusiast has offered to give away free LTC as winnings for a tournament today at 4pm PST

You get LTC just for playing!

PeerPlays is a peer-to-peer tournament and wagering network built on graphine. Hopefully they aim to solve the centralization transparency issues associated with online crypto gaming and betting.

Join the Tournament!: https://steemit.com/peerplays/@memoryshock/litecoin-segwit-tournament-on-the-peerplays-testnet
Get on the Testnet!: https://www.peerplays.com/

Peerplays ICO is still open. Token holders will receive dividends from network profits.\

~Pawnuts
Post
Topic
Board Project Development
Re: Bringing a Trading Card Game into Bitcoin World
by
pawnuts
on 21/04/2017, 21:25:35 UTC


Welcome... Smiley

Uh... I wouldn't say that Ethereum is either easy or safe. The Dao was written for Ethereum, which because of the complexity of the solidity language, let a hacker steal $80M (prehack value) in Ether, which then resulted in a fork of Eth and Eth classic.  Unless you're a hardcore c++ dev or Vitalik himself, I'd stay away from Ethereum.
[/quote]

I don't know much about Ethereum apart from that it is not scalable to meet global needs - therefore I am uninterested. I thought their whole point was to be easy! Anyways I am much more interested in Bitshares and now PeerPlays!

There is a tournament on the PeerPlays testnet at 4pm PST today. Free entry and 0.5LTC just for participating! free money!

https://steemit.com/peerplays/@memoryshock/litecoin-segwit-tournament-on-the-peerplays-testnet
Post
Topic
Board Project Development
Re: Bringing a Trading Card Game into Bitcoin World
by
pawnuts
on 20/04/2017, 21:00:13 UTC
Hello!

I am also a major lurker and this is my first post.

I agree, bitcoin is probably not a very good crypto to integrate into your game. I think Ethereum is better for you because you can easily create a crypto currency that can integrate (with a dApp) which has any parameters that you want and it will run on the Ethereum blockchain. Ethereum is a blockchain like bitcoin that has a simple scripting language (like python or javascript) built in.

A project that I am very interested in is PeerPlays. Its going to be a peer to peer decentralized gaming (read gambling) market that will support bitcoin and a bunch of other cryptos at launch next month. They only have one game now, rock paper scissors, but its just a proof of concept, anyone will be able to create games and integrate them into the peerplays network and they will run like dApps on the Ethereum network, but PeerPlays is built on graphine (a la bitshares) and is much more scalable and future proof.

To summarize:
Ethereum - easy and you can create your own coin.
PeerPlays - more difficult but people will be able to trade your cards with a ton of different crypto's

Maybe you could build a concept on Ether and then migrate to PeerPlays or another, more solid network later.