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Showing 20 of 86 results by styxical
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Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 29/09/2014, 10:13:49 UTC
..
Lead developer just posted on reddit explaining why he hasn't posted here in a while: http://www.reddit.com/r/vertcoin/comments/2hn22c/a_little_hope_for_the_hopeless_and_anyone_getting/
...

With the appearance of the lead dev, the recent 'doom-days' posts by the trolls, FUDs and the fearful ones can finally be put to rest.  

In my experience, attempting to please the people having panic attacks is hopeless. They each sit around with their hand out complaining and at some point, as a developer, you have to just begin ignoring them. They contribute to the destabilization of the currency, unfortunately, but it's unavoidable. They do not understand the planning and effort that goes into moving things forward and nothing will make them truly understand. Even though the majority of them are actually invested in the very currency they are disrupting, they lack the cognition required to realize their contributions negatively impact morale, the community, creativity, and progress while increasing frustration for all and driving away new interest. A large percentage of their growing frustration is a direct result of their own actions. As an example, I have been receiving a consistent flow of hate mail (literally) for months due to the ongoing delays I have encountered attempting to secure an official endorsement for Murraycoin - eventually I simply stopped reading the messages. I am doing everything I can to move things along as quickly as possible - why add to the problem?

VTC will be just fine - it's important to realize negative people tend to make more noise but that doesn't necessarily mean they represent the majority. Yes, we need to reverse the ongoing trend... but there are constructive ways to approach things and it's time to begin shifting focus toward the positive aspects of VTC and the talented developer(s) involved. Impatience is a staple of the cryptocurrency world and grey matter, for whatever reason, is seemingly at a premium.

For some reason you're implying that it's immature or whatnot to want reassurance that one's investment is in good hands. Because that's what this coin is to a lot of people - it's an investment in the fundamentals advertised in the coin. I think it's perfectly natural to want reassurance in one's investment and I don't think it's too much to ask for an open line of communication between those driving the car and those riding along in the back seat. The fact that the devs don't interact here or Reddit or anywhere else that I've seen will be the undoing of an otherwise revolutionary coin.
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Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 27/09/2014, 15:13:19 UTC
I appreciate there are still some people here but it would still be nice to hear confirmation that devs are still working on the new algo. We haven't heard from anyone in over a month. I'd think at LEAST a monthly update is the minimum we could ask for. It's kind of ridiculous the devs don't interact with the community imo.
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Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 26/09/2014, 22:06:24 UTC
The only thing this community need in the future is someone directly connected with the devs that can answer some questions from the community.

Yes please.
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Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 19/09/2014, 19:56:03 UTC
We could use a status update. It would be nice to hear how things are going. Nothing too elaborate Smiley

Bristow, you seem like a good guy, and I know you got some great family news recently, but I have to chime in on something. It seems like you are placing a lot of hope on the success of Vert. But objectively speaking, that hope is slightly irrational. The chances of Vert to reach a marketcap of even what was 2 months ago are extremely slim. Even with the upcoming changes. You seem to have more enthusiasm for the project than the developers (a few of which have moved on to other coins as lead devs, a few that have not interacted in months, and 1 which became disenchanted altogether). Trying to rally the troops at this stage is sadly fruitless.

I know you put a lot of money into this, but perhaps its time to move on. The overall Crypto marketplace has dramatically changed since January, and its increasingly looking like Vert has been left behind. Any progress that is being made on it is insignificant anyways, and wont lead to a major spike in price.

Sorry man, I just thought I would try to give some objective analysis for you so you are not sitting around waiting for months and months. I have been there, but sometimes better things await.

It is sad to hear stuff like this. ASIC resistance coin has a lot of potential - especially if we look to the future. Further centralization of bitcoin (and litecoin is on the same path) is inevitable.
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Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 08/09/2014, 21:04:54 UTC
What do you think to adapt Proof of capacity (PoC) which is included in burst coin. In few words you can mine with your hdd instead of GPU. No asics, very fair coin distribution, and less energy consumption. I need to dump all my vtc and i am all in in Burst coin now its revolution.

Mining with hard drives? why don't we just give all the coins to cloud based storage companies in the first block and then they can sell us the coins? it will be very fair, i promise.
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Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 08/08/2014, 13:44:43 UTC
hi!

is there any chance that vertcoin will reach 5-8$ each coin again?

Clearly we think it will be successful or we wouldn't be here.
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Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 30/07/2014, 20:42:01 UTC
how do you know that this is their address, I did not find information

Look at the transaction history of that address. Plenty of transactions with each tx is a combine of many small inputs from many addresses. Typical thing for an address of exchange, those inputs must be deposit addresses of users.

Still kind of unusual that single exchange would be holding > 20% of all coins in existence, no?

If you look what happened to vericoin it's not so hard to imagine. I think it would be more unusual for an individual to hold so many.
Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 29/07/2014, 22:10:20 UTC

All the pros got out about 100 pages ago at 80,000-100,000 sats...
And took all the remaining sanity with them.

You're biggest problem is not the 20,000 sat price...
It's the total lack of volume which is now <  5 BTC/day = total lack of interest.

You guys built this Medieval Catapult to fling cheese at the moon...
But the BotNets kept stealing your cheese and munching out on it...
So you kept building bigger and bigger Catapults...
Which only made the BotNets big, fat and happy...
Then, finally, you guys built rockets to launch flaming cheese at the moon...
But that just started a big fire... and it all burned down.

At least CoinGekko has you at #11...
Which proves how completely worthless their algo is.


thanks for your contribution
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Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 28/07/2014, 07:56:12 UTC

You have NO IDEA about the strategy that the devs used since the inception and why we are here. The whole algo change debate came up recently, so stop saying that this was planned and the strategy. that is outright false. Vert was on a downward spiral before this even came up as an option. They are trying to think outside the box to stop the leaks.


What do you think about the 3-day additional maturation period that is being adopted as a result of the recent poll? The strategy/logic being employed there escapes me.
Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 27/07/2014, 04:34:51 UTC
New vote open: https://vertvote.com/

To all:

Yes, a voting is open for 'Subsidy Change'. Please spread the words.  It would be an important change to the coin if the majority vote for 'yes'.

I just voted on this but now the options are different? wtf? They were more comprehensive before. Why do we have to vote again? Now I have to vote 'no' instead of just voting for 'sharkbite subsidy only'. Seems like someone is trying to game the votes.

No. There was a big discussion regarding the wording of the original vote.

 http://www.reddit.com/r/vertcoin/comments/2bth1o/thoughts_on_vertvote_and_more/

Ah. Thanks.
Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 27/07/2014, 04:04:42 UTC
New vote open: https://vertvote.com/

To all:

Yes, a voting is open for 'Subsidy Change'. Please spread the words.  It would be an important change to the coin if the majority vote for 'yes'.

I just voted on this but now the options are different? wtf? They were more comprehensive before. Why do we have to vote again? Now I have to vote 'no' instead of just voting for 'sharkbite subsidy only'. Seems like someone is trying to game the votes.
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Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 25/07/2014, 10:36:25 UTC
The simple and basic reason is that there is far more volume with reddit and the 5000+ readers than here which has the same ~30 people posting.




Add: so in reference to my first question/allusion on the matter, if a Dev gives more importance to reddit than BitCoinTalk, then

1) he/she is afraid of the technical level inherent in BitCoinTalk
2) he/she is frivolous, juvenile and only interested in being "virtually" popular (i.e. "liked")
3) he/she is not interested in serious intellectual interchange regarding coin development
4) all the above


(Now you have the full version of my original tongue-in-cheek humor - please show your intelligence when responding.)




Are you being serious? holy shit...

Seriously. I don't get it when people feel the need to come on here and bash the devs most visibly working on the coin. Fuck this guy.
Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 25/07/2014, 10:31:37 UTC
The simple and basic reason is that there is far more volume with reddit and the 5000+ readers than here which has the same ~30 people posting.

"5000+ readers"

...with a collective IQ that doesn't reach that same number.  Shocked


"~30 people posting"

...which often means that there's actual intelligence being expressed and the multitude of readers get their answers before having to post. https://bitcointalk.org/index.php?action=stats

...and the idiots think twice before posting crap.


Add: so in reference to my first question/allusion on the matter, if a Dev gives more importance to reddit than BitCoinTalk, then

1) he/she is afraid of the technical level inherent in BitCoinTalk
2) he/she is frivolous, juvenile and only interested in being "virtually" popular (i.e. "liked")
3) he/she is not interested in serious intellectual interchange regarding coin development
4) all the above


(Now you have the full version of my original tongue-in-cheek humor - please show your intelligence when responding.)




Both sites have their trolls and both have their intelligent discussions. Most people participate in both forums. You should go pull that stick out of your ass.
Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 24/07/2014, 22:47:56 UTC
Jumping in with multipool issue. I personally voted for adding 1 week to the block maturation. But looking at the exit-poll - majority prefers no changes! WTF, multipool owners overvote the Vertans?

Another thing - are there only 95 VertVoters (according to 2014, July 25)?

I voted for no change because I don't think it will help the issue at all, while it certainly will cause greater mining centralization.
Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 24/07/2014, 22:25:41 UTC
for people like me that are not reddit fanboys....


NEWS:

https://vertcoin.org/pow-algorithm-upgrade-lyra2/

Nice to see a constructive post from Jiggy  Grin

Anyway just want to point out, when I click this link, I can't scroll to read the whole post, but if I click this link then click 'blog', I can scroll. What gives? Running Firefox 31.0.
Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 23/07/2014, 21:55:50 UTC

P.S. Any opinions are welcome (because I still don't see any drawbacks, except hard fork )

So are you saying growth of coins (ie bigger subsidy) or less coins (smaller subsidy)?

The first one wouldn't make sense-  and the second one has already been heavily discussed.

The network hashrate currently does not affect the number of coins mined  in a day. You are aware of this?

I think he is trying to propose a model for the coin reward to be based on hash rate, and that if the hash rate were large enough the reward could be above 28k/day, but if the hash rate is small, it could go below 28k/day. It would help to stabilize the price considerably. I kind of like the idea.

I think if something like this were put in we would need to reconsider the 84mil hard cap because it could be reached much more quickly if the network grew a lot.

Also if the reward were reduced too much for our current low network rate it could look like market manipulation to outsiders, so I think a delicate hand would be required.

Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 23/07/2014, 03:51:48 UTC
Please visit my bitcointalk thread in order to view updates regarding the upcoming publication called Cryptocurrency "The Alt-ernative"

https://bitcointalk.org/index.php?topic=483187.0


Below is the teaser(preview) section of Vertcoin VTC.  Any feedback is welcome and donations towards the publication are highly appreciated.

Vh8Z1un353iLeqvyCyuXgbNNBqhReyPQFC



I hope that's not representative of a finished product.. you listed two different difficulty retargets and the list of exchanges is far from complete.
Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 22/07/2014, 00:27:56 UTC
If there's going to be a block maturation time I see no reason why we shouldn't go all out and make it 14 days for the best deterrent against multipools. Can anyone provide an argument against this?

I voted for 3 days, just because 14 seemed to extreme. I'd prefer to see the maturity time linked to the sharkbite algo, so if hashrate shoots up, then maturation time is 14 days, but under more normal circumstances it's more like 1-3 days.

This is a good idea IMO, if block maturation must be done at all.
Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 22/07/2014, 00:26:52 UTC
http://www.reddit.com/r/DRKCoin/comments/2bbqt3/holy_cow_batman_i_just_downloaded_the_new_sgminer/

More updates to x(n) algorithm. I bet their rigs use more power now.
Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
styxical
on 19/07/2014, 10:07:31 UTC
You guys don't read or what? For the 8th time, x(number) algos are fpga mineable. They are a bad idea.