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Topic: [ANN] ★★ EBT Coin - Entropybit 100% PoS - Multipool - Bugfix version 4.0.3! ★★ - page 24. (Read 131696 times)

legendary
Activity: 1876
Merit: 1014
I finally received my withdrawel from EBT! It all seems to work fine!

Anybody knows how I can get rid of a bunch of unconfirmed transactions from three weeks ago? They are staked coins that were never confirmed.
hero member
Activity: 686
Merit: 500
I have full and better understand of PoS coins than you, and I very well know how PoS works..

No you don't. You simply don't make any sense.

Your worst error is suggesting above that the difficulty of PoS has any bearing on the protection that PoS provides a coin.


Let's look at just a few of your other comments:

WOW what argument. You skipped the 'rest of the comments' so quick.

Quote from: tx42
Quote
Even mintcoin (100% PoS) has a difficulty of 0.243. It provides 0% protection and 20% interest rate.

If 100% of mint has 0% protection, then why has it not succumbed to an attack on its vulnerabilities? The answer is that PoS provides the protection. You simply ignore (or more likely are unable to recognize) this fact.

Mint is protected by the PoS network.

So according to you, high difficulty does not provide any protection against any kind of attacks. I bet you'll not respond to this argument, you'll treat it as 'rest of the comments'.

The reason why it has not been attacked is cause even this coin has not been attacked yet. Once an attacker realizes this and once he think it's profitable, then he'll attack. Besides this one is another pump and dump coin.

Quote from: tx42
You go on to contradict yourself:

Quote
You need to run a full node in order for the wallet to mine blocks based on PoS and it should be up always; how many people will do that?

Which you follow with

Quote
Proof of stake is not good. It encourages holding the coins as investment, avoiding it's circulation,

Which is it? First you suggest that too few will keep a wallet open to mint and then you suggest that too many people will do it.


So according to you keeping a wallet up = more circulation of coins.

WOW what logic.
sr. member
Activity: 272
Merit: 250

I thought you were outtta here.

That's what I said.  I changed my mind and decided to give it another chance.  Silly me.
sr. member
Activity: 272
Merit: 250

And I will express my opinion.  If you don't like it, hard feces.
sr. member
Activity: 272
Merit: 250

I'm sorry I don't have the time to hang on my computer to watch for all the new coins. 
hero member
Activity: 742
Merit: 500

I like it, too.  I want to mine it for much longer than what we now have left.  It was disappointing enough to know mining was bye-bye next month, but now next week?

It seems the miners, who put this coin on the map originally supporting it, are taking the 60 grit up the exit port again.

That may not be how it is, but that's what it feels like to me.

I thought you were outtta here. I mined this coin 24 hours per day for 2 months. Where were you when you could mine 35,000 coins a day with one card?

I'm glad it's going PoS. The sooner the better in my opinion.

Read the posts again, you aren't missing out on much coin. If you want a lot, just go buy some. It's still cheap!

sr. member
Activity: 272
Merit: 250

I like it, too.  I want to mine it for much longer than what we now have left.  It was disappointing enough to know mining was bye-bye next month, but now next week?

It seems the miners, who put this coin on the map originally supporting it, are taking the 60 grit up the exit port again.

That may not be how it is, but that's what it feels like to me.
newbie
Activity: 20
Merit: 0
newbie
Activity: 24
Merit: 0
EBT most undervalued coin!

Vote! Vote everyday!
hero member
Activity: 742
Merit: 500
I have full and better understand of PoS coins than you, and I very well know how PoS works..

No you don't. You simply don't make any sense.

Your worst error is suggesting above that the difficulty of PoS has any bearing on the protection that PoS provides a coin.


Let's look at just a few of your other comments:

Quote
Even mintcoin (100% PoS) has a difficulty of 0.243. It provides 0% protection and 20% interest rate.

If 100% of mint has 0% protection, then why has it not succumbed to an attack on its vulnerabilities? The answer is that PoS provides the protection. You simply ignore (or more likely are unable to recognize) this fact.

Mint is protected by the PoS network.


You go on to contradict yourself:

Quote
You need to run a full node in order for the wallet to mine blocks based on PoS and it should be up always; how many people will do that?

Which you follow with

Quote
Proof of stake is not good. It encourages holding the coins as investment, avoiding it's circulation,

Which is it? First you suggest that too few will keep a wallet open to mint and then you suggest that too many people will do it.
hero member
Activity: 686
Merit: 500

Well actually I have evidence.

There are only 6 or 7 PoS coins coins in the top 50 cryptos (and even less in the top 100), only HoboNickels gives 100% interest rate, the second highest being mintcoin.

As of peercoin, the PoS difficulty is 10, while PoW difficulty 154,904,621.505. Clearly, PoW save PPC from a 51%. And the moment people realize mutual fund schemes give many times better returns, they'll dump PPC for it. So actually, it's surprising why people are still holding PPC for it's negligible interest rate. I would like to learn.

Even HoboNickels, which has a return of 100% a year, has PoW difficulty of 10, and PoS difficulty of 0.003. Speaking of which it's peak has arrived, and never see it's peak again even if the dev is active (it wont die -- but it wont go as high).

Even mintcoin (100% PoS) has a difficulty of 0.243. It provides 0% protection and 20% interest rate.

Did you just time travel from pre-Copernican Europe to criticize altcoins? Because your critique has all the features of Medieval Occultism. Most notably, it is clear from what you have written that you have made judgements without even the slightest understanding of how PoW/PoS coins work.

First, the PoS difficulty is supposed to be much, much lower than the PoW difficulty in a PoW/PoS coin. That's by design and is part of the source code. The reason is that the likelihood that a stake will qualify for minting is based entirely on coin age. Once qualified, the low PoS difficulty allows the stake miner to find a hash with very few resources and within the target block time.

Second, all of the attacks suffered by PoW/PoS coins are directed at the PoW component. EBT is a case in point. Just read the summary above. In fact, if you read all the way through, you'll see that to get the servers synchronized, they use the blockchain kept by the PoS minters. Proof of this fact can be seen by the long stretches of PoS blocks.

Finally, if you read the entire Blade thread, the Blade APR is 20.19%, in line with the Bladerunner theme of the coin, not 100%. It looks like someone on the Balde team needs to update the OP.


I have full and better understand of PoS coins than you, and I very well know how PoS works..

The low difficulty suggest --

Quote
   You need to run a full node in order for the wallet to mine blocks based on PoS and it should be up always; how many people will do that? (especially when the interest rate is low)? When these coins will be made popular, 90% people will run light weight wallets giving power to the hands of these 10% (PoS difficulty will be low in this case).

Difficulty of 10 for the 3rd largest cryptocurrenty is very less. And I bet most of the contributers of the difficulty are the exchanges.

It's all in the FAQ, it's you who failed to read. And the reason why I made up that article is exactly for people like you and I've proved my point over and over again 10s of times, you're not the 1st one.

For e.g. this guy (just like you) claimed that Bitcoin is the best crypto. He's living in a cocoon like yours and you, like him, will end the debate blaming me instead of cutting the facts that I put here. Besides your task here is to protect your hard earned 5-minute block target crypto (30 minute confirmation!) and targeting everyone who targets your beloved coin which has horrible specs.

Failure of PoW in this coin can be entirely be blamed on the design flaws of this coin. More than 90% of successful cryptos, especially the new ones are PoW and there are many simple and effective difficulty algo to protect against just that (multipools i.e.) and they're targeted by them all the time and none of them stop. All have learnt. This crypto doesn't even specify it's difficulty re-target algorithm, and the dev refused to fix it.

As of 20% rate of return --

Quote
Stability in prices -- Cryptocurrencies are not commodities. It's designed to be spent and a medium to receive payments from. If a cryptocurrency is not that, it's basically a pump and dump scheme.

Actually if you see for a fair cryptocurrency which is not seen as an investment, there should be a little bit inflation, cause that way people will not hold on to it like investment; instead they'll use it to buy investments like shares and gold -- which is something to be seen as an investment.

And this one has 20% inflation. Once stability has been established, it's prices will drop 20% each year if all the coins are online, and cause of it's high interest rate and design (100% PoS) there are reasons for them to be online.

Quote
Proof of stake is not good.
        It encourages holding the coins as investment, avoiding it's circulation, i.e. true use as a cryptocurrency. Then worst -- PoS looks at the coin age; the longer you're holding a large amount of cryptocurrency, the higher the chance of mining a block, which further reduces chance of circulation. However if the profits proof of stake is giving you is negligible, then we may nullify this disadvantage.

PoS is good, if done right and along with PoW.
hero member
Activity: 742
Merit: 500

Well actually I have evidence.

There are only 6 or 7 PoS coins coins in the top 50 cryptos (and even less in the top 100), only HoboNickels gives 100% interest rate, the second highest being mintcoin.

As of peercoin, the PoS difficulty is 10, while PoW difficulty 154,904,621.505. Clearly, PoW save PPC from a 51%. And the moment people realize mutual fund schemes give many times better returns, they'll dump PPC for it. So actually, it's surprising why people are still holding PPC for it's negligible interest rate. I would like to learn.

Even HoboNickels, which has a return of 100% a year, has PoW difficulty of 10, and PoS difficulty of 0.003. Speaking of which it's peak has arrived, and never see it's peak again even if the dev is active (it wont die -- but it wont go as high).

Even mintcoin (100% PoS) has a difficulty of 0.243. It provides 0% protection and 20% interest rate.

Did you just time travel from pre-Copernican Europe to criticize altcoins? Because your critique has all the features of Medieval Occultism. Most notably, it is clear from what you have written that you have made judgements without even the slightest understanding of how PoW/PoS coins work.

First, the PoS difficulty is supposed to be much, much lower than the PoW difficulty in a PoW/PoS coin. That's by design and is part of the source code. The reason is that the likelihood that a stake will qualify for minting is based entirely on coin age. Once qualified, the low PoS difficulty allows the stake miner to find a hash with very few resources and within the target block time.

Second, all of the attacks suffered by PoW/PoS coins are directed at the PoW component. EBT is a case in point. Just read the summary above. In fact, if you read all the way through, you'll see that to get the servers synchronized, they use the blockchain kept by the PoS minters. Proof of this fact can be seen by the long stretches of PoS blocks.

Finally, if you read the entire Blade thread, the Blade APR is 20.19%, in line with the Bladerunner theme of the coin, not 100%. It looks like someone on the Balde team needs to update the OP.
hero member
Activity: 686
Merit: 500
Someone stop these poor desperate nerds from selling EBT at 0.00000067, 0.00000070, 0.00000071, 0.00000072 and look at the quantity 0.000x, 0.00x etc...

They're desperate for women, desperate for fame and now it's clear they're desperate for even the slightest amount of money. But in the mean time they make a bad day for other not-desperate people and miners.

they want btc instead of ebt and they get it  Smiley

But they can get MORE BTC for EBT if they wait. If the sellers don't increase prices, the buyers will.
full member
Activity: 158
Merit: 100
Another question: Why are people doing these attacks?

That's a good question. The most likely explanation for specifically targeting servers (mining pools) is to remove a lot of competition all at once. It doesn't take many hashes to have a successful attack because the attack is concentrated. The idea is probably to remove the servers and then be the only one hashing when the solo block is found. At that point the attacker can mine hundreds of blocks before the pools recover.

but i'm always online with solo, so i dont see big profits for these attacks, because i get many blocks too when this happening

some ebt-millionaire should buy some cryptsypoints and move it up the list to get some liquidity into ebt. That would be nice.

i'd prefer buy more ebt on poloniex instead of spending btc on cryptsy voting

Someone stop these poor desperate nerds from selling EBT at 0.00000067, 0.00000070, 0.00000071, 0.00000072 and look at the quantity 0.000x, 0.00x etc...

They're desperate for women, desperate for fame and now it's clear they're desperate for even the slightest amount of money. But in the mean time they make a bad day for other not-desperate people and miners.

they want btc instead of ebt and they get it  Smiley
hero member
Activity: 686
Merit: 500
Someone stop these poor desperate nerds from selling EBT at 0.00000067, 0.00000070, 0.00000071, 0.00000072 and look at the quantity 0.000x, 0.00x etc...

They're desperate for women, desperate for fame and now it's clear they're desperate for even the slightest amount of money. But in the mean time they make a bad day for other not-desperate people and miners.
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
idk about Cryptsy and Multipools, but I have send 700k EBT to Poloniex hours ago. 1 hour after I send them, Poloniex frozed EBT market. Transaction is confirmed in my (latest) wallet, but still no coins...
legendary
Activity: 1036
Merit: 1000
Yeah EBT in POS with a multipool! Then the price will rise!
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
some ebt-millionaire should buy some cryptsypoints and move it up the list to get some liquidity into ebt. That would be nice.

I believe that Cryptsy will add EBT in 1-2 months anyway.
member
Activity: 112
Merit: 10
some ebt-millionaire should buy some cryptsypoints and move it up the list to get some liquidity into ebt. That would be nice.
hero member
Activity: 686
Merit: 500
As of blade, the crypto has not taken off, and will never take off (there'll be no inverters seeing it's 100% interest rate or 100% inflation a year) and PPC will die someday.

You just spammed this thread with text from your blog, which doesn't contain any data to support your claims.


Well actually I have evidence.

There are only 6 or 7 PoS coins coins in the top 50 cryptos (and even less in the top 100), only HoboNickels gives 100% interest rate, the second highest being mintcoin.

As of peercoin, the PoS difficulty is 10, while PoW difficulty 154,904,621.505. Clearly, PoW save PPC from a 51%. And the moment people realize mutual fund schemes give many times better returns, they'll dump PPC for it. So actually, it's surprising why people are still holding PPC for it's negligible interest rate. I would like to learn.

Even HoboNickels, which has a return of 100% a year, has PoW difficulty of 10, and PoS difficulty of 0.003. Speaking of which it's peak has arrived, and never see it's peak again even if the dev is active (it wont die -- but it wont go as high).

Even mintcoin (100% PoS) has a difficulty of 0.243. It provides 0% protection and 20% interest rate.
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