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Showing 20 of 486 results by sdersdf3
Yeah thankfully the pump in BTC price allowed me to exit this piece of shit with a little dignity.
So what happened here? Gotta say, ARCH looked like one of the half-decent ones - did BTCarchitect leave a note saying "bye" or something?
Re: [ANN][CRAIG] CraigsCoin | CLASSIFIED ADS ON BLOCKCHAIN 5+ POD BITTREX, CRYPTSY
is dev gone?
there was never really a "dev" here. Be glad you weren't in ARCH (assuming you weren't).
Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
Idea to going public with their indentity is great.
It means a lot for a new investors, that dev's are standing by their project with real indentity
Exactly - that's the other aspect of it that gives investors in this skeptical/cynical crypto climate a lot more confidence. Just look at the history of crypto itself. Some of the biggest gains (at least initially) went to coins with devs who went public. I remember DRK and XC had some of the biggest earliest altcoin surges when their devs went public. People have been burned to often by anon devs on other coins, and many dont understand the tech innovation. But they do understand when an expert in the field is backing things. It matters.
There are people that hate NEM. And I do mean hate. I'm not sure they have proper reason but that's not the point. Going public as being a core dev and decision maker in NEM is like paiting a target on your back and shouting "Come get me".
It would be great for the project but potentially disastrous for the people.
Sad to say, but that's undoubtedly true. It's the sort of negative dynamic / negative feedback loop that I fear is driving the entire crypto ecosystem down the drain.
You don't get trust if you don't give trust - you don't trust people, people don't trust you - distrust breeds more distrust.
Tech is great. Unfortunately, human nature sucks. And down goes the collective market cap of the crypto ecosystem over time. Hopefully, someone comes up with a new innovation to get around these issues.
Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
Idea to going public with their indentity is great.
It means a lot for a new investors, that dev's are standing by their project with real indentity
Exactly - that's the other aspect of it that gives investors in this skeptical/cynical crypto climate a lot more confidence. Just look at the history of crypto itself. Some of the biggest gains (at least initially) went to coins with devs who went public. I remember DRK and XC had some of the biggest earliest altcoin surges when their devs went public. People have been burned to often by anon devs on other coins, and many dont understand the tech innovation. But they do understand when an expert in the field is backing things. It matters.
Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
NEM has a massive fund set aside for marketing, so the potential is there. How I feel is we have 1 shot at doing something right, why should we rush it? Should the development team start spending marketing funds now while we still have features in development, or should we wait and market heavily after v1? I'd expect the latter to be more effective.
It's like spending money on an ad, "Hey, buy this car. One day it'll go 100 miles on the gallon, but right now we're still working on that feature."
I think if we pump money into marketing right now, it will mostly be targeting the "investor" type of people. The hype will cause a lot of buying pressure, causing the price to go up too fast. If the v1 features aren't rolled out in a timely manner we'll see a lot of disappointed holders, lots of complaining and we'll likely see a very slow devaluation back to pre marketing levels.
If we don't rush this, and take it slow I think this will happen. More than likely we'll see the antsy "investors" selling early, remember these are the people that are only here for the money. The development team will ninja launch features and over time we'll see a slow healthy growth in price while bringing in real USERS.
It's like spending money on an ad, "Hey, buy this car. One day it'll go 100 miles on the gallon, but right now we're still working on that feature."
I think if we pump money into marketing right now, it will mostly be targeting the "investor" type of people. The hype will cause a lot of buying pressure, causing the price to go up too fast. If the v1 features aren't rolled out in a timely manner we'll see a lot of disappointed holders, lots of complaining and we'll likely see a very slow devaluation back to pre marketing levels.
If we don't rush this, and take it slow I think this will happen. More than likely we'll see the antsy "investors" selling early, remember these are the people that are only here for the money. The development team will ninja launch features and over time we'll see a slow healthy growth in price while bringing in real USERS.
i fully agree, and i think most of the team does too but i obviously cant speak on there behalf. advertising at this stage would be closer to spam really. i looked into advertising costs on the likes of cointelegraph and coinmarketcap and some other sites, but the cost i think far outweighs what ever benefit we would get. once more features are rolled out and the marketcap is higher, only then would spending large amounts of money on advertising be a worth while venture. until then, we should focus on producing ground breaking tech and getting the platform to stage where it can be used for a wide variety of uses. so in that respect, it really doesnt make sense to blow huge amounts of funding pre-V1.
I think NEM would see serious action if at least some of the top devs / whitepaper authors (particularly the PhD guys) went public with their identities. Reputation counts for a lot - especially these days. Many people dont pay attention to what you do unless there's a big name / university attached to it - then they read what you put it out and follow what you say. A proper academic working paper formatted the way academic papers usually are - with the identities and university affiliations of the main authors - could help give XEM some of the credibility it needs to rise from the sea of anonymous crypto coins that many people dont seem to take very seriously anymore.
Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
I'm curious - when did you turn on NEM and why? I dont check the board as often as I used to and am genuinely curious. I thought you were a huge NEM fan.
He was a fan, until his sock account stakes were removed in the last cleansing before launch.
Not true. He was a big fan even a few days after the launch. Check his posts. He has become less enthusiastic in just last few days only after reality struck him that this coin like several others isn't going anywhere. It's not the greatest launch of 2015 as he was hoping.
Really? Fascinating - I did get a sense that he might be projecting onto others what he had done (or tried to do) himself.
Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
wtf delusion of grandeur have to do with it?
you're best reply is it isn't a big flaw because one particularly exchange at the point hasn't taken full advantage of the flaw, wow just wow
there's very much a serious flaw in NEM if exchanges stake. also movements in and out of xchanges give them an unfair network advantage.
so what the net benifit, purpose to NEM? to replace the greedy fiat banks with greedy network participants?
ffs revise your math before going live
you're best reply is it isn't a big flaw because one particularly exchange at the point hasn't taken full advantage of the flaw, wow just wow
there's very much a serious flaw in NEM if exchanges stake. also movements in and out of xchanges give them an unfair network advantage.
so what the net benifit, purpose to NEM? to replace the greedy fiat banks with greedy network participants?
ffs revise your math before going live
I think the biggest problem is people trusting so much exchanges.
If everyone leaves his coins at the exchange, no matter what algorithm we are using, the exchange will be the strongest player.
The solution is not changing the algorithm, it is developing a p2p exchange and educating people.
The problem is bigger than centralised exchanges - it's the fact that people dont have confidence that most cryptocoins will hold their value. For any currency to retain and grow in value, people need to hold on to it. Otherwise, it ends up like the Argentinian peso or Venezuelan bolivar - with or without p2p exchanges.
Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
depressing when your importance slides 
do exchanges build up a bs level of importance on the NEM network?
You don't need to be depressed. do exchanges build up a bs level of importance on the NEM network?In Poloniex's case, they use user's fund in harvesting less than 25%.
(More than 75% is stored in cold wallet, and do not harvest.)
This is less than ordinary nember's use of xem in harvesting.
Perhaps, ordinary nember's harvesting might become higher owing to their not-doing-harvesting-fund in coldwallet.
no exchange should be gaining POS coins from users funds
RIP NEM. Make exchanges rich and they dump free coins.
its worse then that if exchanges stake, also you and i send coins we get fees, on the coins we stake we earn (at this point it seems no matter what I do my fees will always exceed my stake earnings, hold my network importance goes down, move or use i get fees).
now exchanges can use our coins to earn, but charge us the fees for moving, HUGE win win for them LOSE LOSE for genuine holders, all the while the increase their network importance, further more ripping the users off who's coins they are borrowing
Seems exchanges will eventually OWN NEM
You know, this whole issue wouldn't be as much of an issue if so many NEM holders - and crypto coin holders in general (this isn't unique to NEM) - weren't so quick to move their coins to exchanges to dump.
For a lot people here it really is all about getting BTC to get fiat and nothing more - crypto's only a means to an end (fiat). Any coin (including BTC) is just a temporary bus stop to fiat. Let's face the fact that this is the mentality, which is why exchanges have so much market power over crypto prices to begin ith, whether they stake or not (expect more to stake by the way as crypto trading volume continues to shrink on many of these exchanges and they look for ways to raise more revenue aside from trading fees)/
A ridiculous percentage of NEM ended up right on Poloniex after the initial distribution - lots of people raced to dump. I think it also reflects the low level of trust in crypto - lots of people have little faith that any of these coins retain their value for long and, judging from what we've seen in crypto the past two years, who can blame them?
Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
I'm curious - when did you turn on NEM and why? I dont check the board as often as I used to and am genuinely curious. I thought you were a huge NEM fan.
Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
White paper just came out and yet I had to goto page 3 to find the NEM thread..
...NEM deaded? Makoto took all the Makatoes?
...NEM deaded? Makoto took all the Makatoes?
TaunSew? I thought you were a NEM fan.
Back to 1M$ market cap, what's going on Storj?
How close is Storj to being ready to host decentralised storage-related applications?
Appreciate the heads up, as I'm new to Storj forum. Realise you're going into a lot of unchartered new territory, so estimating can be difficult, but how long roughly do you think it is before Storj is ready, at least alpha or beta wise, to support decentralised applications?
Re: [ANN][CRAIG] CraigsCoin | CLASSIFIED ADS ON BLOCKCHAIN 5+ POD BITTREX, CRYPTSY
yes lets facilitate a take over
With what resources?
Re: [ANN] Storjcoin X (SJCX) - A Coin for Decentralized Cloud Storage
Back to 1M$ market cap, what's going on Storj?
How close is Storj to being ready to host decentralised storage-related applications?
Back to 1M$ market cap, what's going on Storj?
How close is Storj to being ready to host decentralised storage-related applications?
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
Not to belabor the point, but I wasn't talking about the business model - I was talking about functionality. Basically, whether Counterparty's exchange functionality is going to remain relevant and be integrated into what Symbiont is doing -- will Symbiont be powered by Counterparty's exchange functionality -- or is there going to be complete or partial overlap between Counterparty's exchange funcitonality and whatever functionality Symbiont is putting together.
The obvious concern for any XCP holder is whether Counterparty is on its way to being made irrelevant by whatever Symbiont is doing. Basically, is Symbiont going to be of long-term benefit to Counterparty beyond some payments to XCP developers?
I assume that question/uncertainty is one of the factors (certainly not the only factor) that's been dragging down the XCP price and has kept it from recovering.
I don't think I've yet gotten a straight answer to a highly relevant question for XCP holders, but if I'm missing something here feel free to point it out.
From what I understand, there WILL NOT be a technology overlap because Symbiont will be powered by Counterparty. I repeat, Symbiont will running on Counterparty.
Symbiont is a business entity that will be profit driven and as such the only area where there might be overlaps are areas where services which the underlying technology is powered by counterparty are offered. For instances its possible (this is a just a random example) if Symbiont started offering a crowdfunding service they would be in direct competition with the likes of say "Koinify", swarm, etc
On the other hand, this does not really give them a business advantage because Counterparty is a free open source platform and anyone is free to develop any services on the platform. The only limitation being your imagination, expertise and effort.
However, if the purpose of your question was to derive a reason/cause for the price decline then your guess is as good as mine :-)
Cheers
Now this was the straight answer I was looking for. Only remaining question is, are you one of the core devs?
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
Could anyone explain what Counterparty's purpose/future are given Symbiont? What is it planning to do/be that Symbiont isn't planning to do/be?
Symbiont is using the Counterparty protocol to execute its model of "building the first issuance and trading platform for smart securities on blockchain technology." Symbiont will be one of what will eventually be many front ends to Counterparty's back end.
So there's no overlap between what Symbiont is/plans-to-be and what Counterparty is/plans-to-be?
No, beyond the fact that Symbiont is essentially financially backing future Counterparty open source development, by employing most of the core team and enabling them to spend some of their time working on the extant Counterparty codebase. Symbiont is a business with a commercial business model, Counterparty is an open source technology project with no commercial business model. (And yes, the foundation does take donations, but I don't consider that a business model
.)Appreciate the responses - is there anyone, any moderator, from Counterparty here that could speak to this and confirm the relationship (lack of overlap) between Counterparty and Symbiont?
So, when Symbiont is up and running as a decentralised exchange - it'll be powered by the XCP network? In other words, all Symbiont transactions will run through XCP?
I don't get how that would happen - I understand the transaction-speed/bandwidth(?) of the bitcoin network is too slow to accommodate the demands of the financial markets. Am I something here?
Yes, it will be powered by Counterparty/XCP.
Apparently the founders of Counterparty/Symbiont disagree with your assessment of transaction speed being too slow. Perhaps it's because a clearing house will be built into Symbiont that will allow faster settlement, or something (maybe the Ripple link helps answer your question?). Unfortunately, I don't have a great answer for you.
The Bitcoin network will not have to instantly have the bandwidth to accommodate the entire financial markets right away. It will be a process and its performance can be improved with time. At least that's my understanding of it.
Really appreciate the responses - is there anyone from counterparty, a moderator perhaps, that could speak to this and confirm that there's no overlap between Symbiont and Counterparty functions and that Symbiont processes will run entirely (be powered by) Counterparty's system?
Counterparty and Symbiont co-founder here. Unlike Counterparty, Symbiont is a private business. We cannot discuss our business plans publicly at this point, but as Robby (aka xnova) pointed out: Symbiont is personally funding Counterparty's development, having hired several of Counterparty's full-time developers.
Thanks for understanding.
Appreciate the response, but this could mean that it's entirely possible that Symbiont will overlap/displace part or all of Counterparty's functions - or not - and that any dev funding may be simply for use of Counterparty as an unffocial R&D testbed, or not. No one essentially knows or those who do know unwilling to say?
You've already gotten that answer you're looking for from two Counterparty founders. They will not overlap. One is a business, one does not have a profit model. There is no reason to assume that Symbiont will copy Counterparty and do everything themselves on that side of things when it's already free to use Counterparty. What would the point be? What would happen to Symbiont's dev team and trust in the community if Symbiont did something like that, assuming it's even possible? They would be gone, that's what. Any everyone that's part of the Symbiont team has built incredible trust either in or out of the crypto community and in some cases, both.
Not to belabor the point, but I wasn't talking about the business model - I was talking about functionality. Basically, whether Counterparty's exchange functionality is going to remain relevant and be integrated into what Symbiont is doing -- will Symbiont be powered by Counterparty's exchange functionality -- or is there going to be complete or partial overlap between Counterparty's exchange funcitonality and whatever functionality Symbiont is putting together.
The obvious concern for any XCP holder is whether Counterparty is on its way to being made irrelevant by whatever Symbiont is doing. Basically, is Symbiont going to be of long-term benefit to Counterparty beyond some payments to XCP developers?
I assume that question/uncertainty is one of the factors (certainly not the only factor) that's been dragging down the XCP price and has kept it from recovering.
I don't think I've yet gotten a straight answer to a highly relevant question for XCP holders, but if I'm missing something here feel free to point it out.
Re: [ANN][CRAIG] CraigsCoin | CLASSIFIED ADS ON BLOCKCHAIN 5+ POD BITTREX, CRYPTSY
No action here. Pavel scammed us all. Clever guy
He can't hear you - he's on vacation.
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
Could anyone explain what Counterparty's purpose/future are given Symbiont? What is it planning to do/be that Symbiont isn't planning to do/be?
Symbiont is using the Counterparty protocol to execute its model of "building the first issuance and trading platform for smart securities on blockchain technology." Symbiont will be one of what will eventually be many front ends to Counterparty's back end.
So there's no overlap between what Symbiont is/plans-to-be and what Counterparty is/plans-to-be?
No, beyond the fact that Symbiont is essentially financially backing future Counterparty open source development, by employing most of the core team and enabling them to spend some of their time working on the extant Counterparty codebase. Symbiont is a business with a commercial business model, Counterparty is an open source technology project with no commercial business model. (And yes, the foundation does take donations, but I don't consider that a business model
.)Appreciate the responses - is there anyone, any moderator, from Counterparty here that could speak to this and confirm the relationship (lack of overlap) between Counterparty and Symbiont?
So, when Symbiont is up and running as a decentralised exchange - it'll be powered by the XCP network? In other words, all Symbiont transactions will run through XCP?
I don't get how that would happen - I understand the transaction-speed/bandwidth(?) of the bitcoin network is too slow to accommodate the demands of the financial markets. Am I something here?
Yes, it will be powered by Counterparty/XCP.
Apparently the founders of Counterparty/Symbiont disagree with your assessment of transaction speed being too slow. Perhaps it's because a clearing house will be built into Symbiont that will allow faster settlement, or something (maybe the Ripple link helps answer your question?). Unfortunately, I don't have a great answer for you.
The Bitcoin network will not have to instantly have the bandwidth to accommodate the entire financial markets right away. It will be a process and its performance can be improved with time. At least that's my understanding of it.
Really appreciate the responses - is there anyone from counterparty, a moderator perhaps, that could speak to this and confirm that there's no overlap between Symbiont and Counterparty functions and that Symbiont processes will run entirely (be powered by) Counterparty's system?
Counterparty and Symbiont co-founder here. Unlike Counterparty, Symbiont is a private business. We cannot discuss our business plans publicly at this point, but as Robby (aka xnova) pointed out: Symbiont is personally funding Counterparty's development, having hired several of Counterparty's full-time developers.
Thanks for understanding.
Appreciate the response, but this could mean that it's entirely possible that Symbiont will overlap/displace part or all of Counterparty's functions - or not - and that any dev funding may be simply for use of Counterparty as an unffocial R&D testbed, or not. No one essentially knows or those who do know unwilling to say?