Topic: [ANN] Syscoin- FINAL 2.0 LAUNCHED! *ENCRYPTION, MARKETPLACE, BTC INTEGRATION* - page 50. (Read 582960 times)

I think it`s a good idea to open a new thread somewhere on this forum where the representatives of all decentralized markets will have the possibility to express their views. Otherwise, every dev brags in his thread that his product is the best. 

Firstly, this is my last post on this thread; I have no interest in posting in threads of other cryptocurrencies. I did so because the article was bought to my attention and was hosted on the syscoin website. You are more than welcome to open a new thread somewhere appropriate.

Now that is out of the way, the article in question is 1. full of mistakes and 2. based on assumptions with little knowledge (and we all know what they say, "assumptions are the mother of all ....")
I am going to list a few as I really do not have the time to waste on such a poorly written article.

... from ShadowMarket point of view:

"P2P marketplace built on top of BitMessage. Similar to OpenBazaar but with anonymity in mind" - False
"Must be online to serve your store" - False
"Must use built in software and ui, cannot use plugins or extend to arbitrary front-ends" - False
"Short window of time before you must update your listing to ensure it stays up" - False
"Offers only alive while node is up unless you assign trust via 24/7 nodes used to host auctions or offers while seller is not online, like a backup but costs a fee." - False
"Alot of settings and complexity in setting up, using and maintaining." - False
"ShadowCoin’s marketplace plans to offer anonymous transactions leveraging Darkcoin’s (now DASH) darksend feature" - False, this is too funny. Shadow is one of probably 2 or 3 (third is questionable) cryptocurrencies to have cryptographically secured anonymous transactions ... If the writer had the ability to review the source code he would understand this.
"P2P networks which are not fully anonymized can fall victim to DDOS attacks (the classic TCP SYN ACK network flood attack) blah blah blah" - Again false, he/she fails to understand that bitcoin protocol runs on a P2P network so these vectors are valid for it also.
That was not even half way down the article... You get the point..

Anyways pretty much everything writen about Shadow is wrong in his article and much of the other stuff is just fluff.

Interesting... Please elaborate

You seem to have much experience with P2P, why don't you elaborate on the matters that concern you?

I only skipped through it but clearly the writer has very limited experience on many subjects around P2P... If that is the quality of developers Sys is hiring good luck.  
EDIT : Much of the info re: Shadow and its ShadowMarket is incorrect.
EDIT2: Blockchain is NOT the always the answer!

im not trolling i have respect for syscoin i never stated anything bad in my post . But how can you put in the "Comparison of Marketplace Technologies in the Crypto-currency Community" that is at the bottom of the blog that syscoin is pegged when it is not pegged as is in nubits or bitusd that is what the crypto world  define as pegging.Plus the part about the Anonymous Transactions is selected yes so why is not openbazaar not also selected as yes, sidhujag stated it's because they run on tor, which has a man in the middle attack but syscoin is going through supernet which i myself have try this system by sending mgwBTC which is a third party out of nxt decentralized system there could be risk there just like tor.  Seeing that sidhujag has a conflict of interest to being neural to writing a blog about this subject, just like me i wouldn't be a good candidate to writing this blog because i own both syscoin and bitbay

Come on bro read the blog don't be naive or ignorant. IT CLEARLY SHOWS THE PROS AND CONS OF THE DECENTRALIZED MARKET PLACES. If you can't see why Syscoin is better and has the edge, then you're being biased, naive, ignorant or a mixture of the three. Frankly P2P is not the way to go. A DECENTRALIZED MARKET PLACE IN THE BLOCK CHAIN IS. SYSCOIN IS THE ANSWER.

I understand that it's a long blog post but to state a claim like that without reading (or just trolling), just baffles my mind. There are many comparisons made throughout the document. This was written by Sidhujag, one of our core developers and of course as someone who is as dedicated to the project that he is, he certainly does think that Syscoin has many points going for it and why would he not write an article putting these facts to light? For those who may believe what healthhealer4 wrote, please refer to the following sections of the blog post:

BREAKDOWN OF CATEGORIES (P2P VS BLOCKCHAIN), SOME PROS AND CONS
OVERALL P2P DESIGN VS BLOCKCHAIN DESIGN AND SECURITY CONCERNS
COMPARISON OF MARKETPLACE TECHNOLOGIES IN THE CRYPTO-CURRENCY COMMUNITY

Nothing of the title is misleading, sidhujag did indeed compare Syscoin's marketplace to others.

In no way, shape or form did Sidhujag claim to be a reporter, I have no idea what you are talking about talking about "repeating".

Honestly, I'm going to have call this out. Now although we have respect for real projects like Bitbay, I see that the bulk of your posts come from there, considering this, I understand that you feel that Syscoin is a threat. We have no qualms with David Zimbeck and I personally have respect for the guy. We are a very open community and would not go to yours accusing you of such and such. Your comment is blatantly accusatory and abusive and has absolutely no foundation. We appreciate any type of constructive criticism but that does not include defamation.

In your blog post your not comparing your propping syscoin plus your not reporting your just repeating. Your blog title is misleading.
  

When I`m offline and someone buys my listed product, how will I know that? Or if someone sends me PM?

Will I receive an alert on my email from Blockmarkets?

Okay, thanks.

I have seen similar behaviour with several other coins using KGW also.

Yes it has, things should be moving in about 2hrs this is a large scale KGW calculation issue were actively investigating and tracking with the help of the community via our slack.

This issue is of utmost priority to us but lies in the KGW algo when these condition present themselves (from what we know this far).

Look a new (3rd party) Block Explorer: http://www.blocktree.io/e/SYS

.. Nice graphs!

Has the block chain stalled?

Last block (369857) appears to be 9 hours ago 

Very nicely written, Sidhujag. Makes it really clear the advantages Syscoin's Blockmarket has compared to the competition.

There is no risk if they wish to use USD/GBP/EUR to accept payments yet still use syscoin for marketplace features. If you want to use Sys/BTC totally up to you.. if you use sys the volatility is an issue but you also get to track payments and more features as an incentive... if you really want to trade USD on the blockchain you can accept the bitshares payment gateway and accept bitUSD for example... these shouldnt be part of the core.. that is why we have solved the problem by simply rearranging thoughts and process flows to better align how the world works.

But right in an apples to apples comparison.. its not the same pegging, but it is a pegging TOOL. I do talk about that anyway so people understand how its different.

What I can say is that no marketplace has even remotely gotten the peg like you mention to work correctly so its a moot point since if you really want that type of pegging you don't have any marketplace to use.

In all fairness you should call your pegging a calculator and not pegging. Pegging is imo one of the most important features in a coin with market that targets ordinary businesses and consumers. You might do fine without it for the silkroad crowd because they don't have many alternatives. For everything else there are alternatives already that we have to compete with. Risk is one of the considerations people have to make when choosing market place. Reducing the risk and bother that the high volatility of bitcoin price and alt prices represent is a key feature in a coin. I have no problem with Syscoin not wanting to peg. But calling a calculator a pegging system? Well...

It allows you to specify the network I believe. Large number of devs all claim the same thing, so I'm not sure if stealth is actually stealth... for example HOW did they do it? Where does the node terminate if there is no exit, it just loops somehow? perpetual energy?

If the consensus on TOR changes then sure... lets consider it.. until then I won't even consider it. I personally dont think ANY tech is anon out there today. But what I think is that the problem should be outsourced from the codebase of a marketplace... to someone else, in this case using SuperNET we let a specialized anon project handle that and we use their tokens if we wish to hide our identity. This increases the chances that we achieve real anonymity.

But not all Tor integrated networks have exit nodes. A good example is StealthClient - StealthCoin wallet - which has integrated Tor but there are no exit nodes on the XST Tor network. 

What about OB? Does their network running through Tor have exit nodes or not?

Correct, pegging the TOKEN value is a total different beast.. solved by bitshares via oracles (delegate feeds) and market rules of no shorting below 10% of the peg based on price feed. Nubits has a centralized market maker to ensure peg holds but without the price feeds beign intrinsic part of the core design holding the peg up.. Bitbay wants to create a "prediction market" style peg which he claims will try to hold on its own without any rules, by adjusting inflation... we know this won't work because once broken it will be race to bottom, inflation won't fix it when broken because of psychology. I had proposed this very thing in DevCoin by pegging the value of DevCoin to try to set a rate at which writers were earning per round, but we found after analysis that, that style of peg wouldn't be the most efficient market consensus of finding true value of a token, its easy for a swan event to wipe the peg out for good and project is capput.

We DO NOT want to do this, instead we simply want to allow front-ends to figure out the price of goods based on current exchange rate... however there is a notion of a hard price peg of fees (which are not tradeable) based on say USD or BTC.. because CODB will not be known ahead of time if people are paying in SYS... the world's accounting systems work on USD so we must allow people to understand costs in USD for example. This is a hard problem that we need to solve... so that fees scale(in USD or BTC) with syscoin value.

I don't see a need to peg the token (syscoin), but a price peg tool which calculates how many SYS a given item is... is all that is needed.. nice and simple.