[ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★ - page 110.

J9901

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Quote from: GooseNL on January 13, 2015, 05:06:53 AM

Quote from: J9901 on January 12, 2015, 11:01:24 PM

Holy shit.

So you're saying that someone (otoh?) has 1.5 million VIA (and safe to assume possibly more) and you btcdrak have over 1 million VIA from the XCH 'burn'...a coin with a current total supply of over 13 million VIA, 2 people combined own over 2.5 million VIA.

Uh oh. Embarrassed

Zuckenberg owns about 30% of Facebook. I am okay with it. With the currently low BTC, VIA price is very attractive now, so it is an excellent time to increase my VIA, even if it may go lower.

Yea well this isnt the stock market. This is the altcoin market. The fact that 2.5+ million coins are owned between 2 people (and presumably more from Otoh), while the total supply is ~13 million is alarming. Not sure how long you've been around the alt scene but that is definitely noteworthy. I get it btcdrak needs more funding, because for whatever reason the 600+ btc wasnt enough. Id be a bit more comfortable if he actually owned more than the other guy...but just slightly.

Im glad the richlist was brought to my attention recently. Never knew viacoin had one. Definitely pulled my buy orders.

GooseNL

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Quote from: KryptoFoo on January 13, 2015, 05:39:21 AM

.
FYI, btcdrak is mentioned at 17:20 not 12:20

No indication by XCP dev Dermody to leave the BTC blockchain, so too much speculation on my part I guess.

KryptoFoo

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Quote from: GooseNL on January 13, 2015, 05:22:07 AM

Quote from: ?? on ??

Listen around 44:00

https://soundcloud.com/legendface66/beyond-bitcoin-17-counterpartying-with-robby-dermody

viacoin and btcdrak are mentioned around 12:20

Edit: Sounds very much like it has already been thought out and considered technically possible. personally, i think bitcoin is already losing its dominance, alt coins ensure that possibility and things like bitlicense can make it more rapid.

So, yes it is technically possible that XCP would use the VIA blockchain. It though need XCP-community approval, among other things. Would be great for VIA. There might be sensitivities in a XCH-XCP competition, or they will have enough differences? Again, though VIA has attractive features, BTC is still the 'hot' one for the moment.

Yingsena thanks good find. Nice to hear that counterparty can indeed move blockchains if need be, it was mentioned by the counterparty founder himself in that podcast.

FYI, btcdrak is mentioned at 17:20 not 12:20

GooseNL

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Quote from: ?? on ??

Listen around 44:00

https://soundcloud.com/legendface66/beyond-bitcoin-17-counterpartying-with-robby-dermody

viacoin and btcdrak are mentioned around 12:20

Edit: Sounds very much like it has already been thought out and considered technically possible. personally, i think bitcoin is already losing its dominance, alt coins ensure that possibility and things like bitlicense can make it more rapid.

So, yes it is technically possible that XCP would use the VIA blockchain. It though need XCP-community approval, among other things. Would be great for VIA. There might be sensitivities in a XCH-XCP competition, or they will have enough differences? Again, though VIA has attractive features, BTC is still the 'hot' one for the moment.

GooseNL

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Quote from: J9901 on January 12, 2015, 11:01:24 PM

btcdrak have over 1 million VIA from the XCH 'burn'

Zuckenberg owns about 30% of Facebook. I am okay with it. With the currently low BTC, VIA price is very attractive now, so it is an excellent time to increase my VIA, even if it may go lower.

J9901

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Quote from: btcdrak on January 11, 2015, 04:57:28 AM

Remember there is also a rich list http://www.richlist.eu/viacoin
top address is trex cold storage, then I think it's Otoh's wallet.

Holy shit.

So you're saying that someone (otoh?) has 1.5 million VIA (and safe to assume possibly more) and you btcdrak have over 1 million VIA from the XCH 'burn'...a coin with a current total supply of over 13 million VIA, 2 people combined own over 2.5 million VIA.

Uh oh. Embarrassed

sureman_otter

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Quote from: btcdrak on January 12, 2015, 02:30:53 PM

Viacoin 0.10.6.5 maintenance release: https://github.com/viacoin/viacoin/releases/v0.10.6.5

I know its small.. but this makes me happy
"aedb9ff Fix tray icon"

btcdrak

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Viacoin 0.10.6.5 maintenance release: https://github.com/viacoin/viacoin/releases/v0.10.6.5

KryptoFoo

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^ very interesting Grin

KryptoFoo

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Quote from: GooseNL on January 11, 2015, 11:17:50 AM

Is there a chance that XCP and/or MSC will use the VIA-blockchain in the future? The only reason to keep the BTC blockchain is that BTC is for the moment more 'sexy', and VIA is still young and relatively unknown?

I'm guessing it is technically impossible for counterparty and the like to move completely to a new blockchain, especially because they would lose the transaction history of all their customer's assets and of course their own XCP. This is sort of a moot point however because we already have the clearinghouse platform available on top of VIA.

But what about any unhappy customers of counterparty and mastercoin etc? How could they switch to VIA/XCH? Would they need to launch their assets anew on clearinghouse, or is there a way to burn their assets on BTC/XCP as a means of transfer to VIA/XCH? Separate blockchains underlie both products so I guess this is not possible?

I guess the most realistic scenario is that VIA/XCH will capture more new entrants into the space who want faster transaction times and lower costs. There will be many more maidsafe and storj type projects coming down the road.

GooseNL

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Quote from: KryptoFoo on January 11, 2015, 09:29:42 AM

Gregory Maxwell recently underscored the general inhospitable attitude towards counterparty running on bitcoin's blockchain. Another reminder of the viacoin / clearinghouse advantage.

I bought XCP instantly after it was on POLO, since I am interested in Crypto 2.0. After the huge fights between devs of BTC and XCP about the OP_RETURN with lots of mudd throwing, I lost my confidence in XCP and sold them with a loss. Yeah, before the Overstock-XCP rally. (Unfortunate when you are not insider and have no clue what is happening backstage) Some consider XCP a parasite on the BTC blockchain. The XCP-team seem clever with active guys and showing still great support to BTC on Twitter (to please the BTC devs?).
The choice for XCH-VIA as alternative for XCP-BTC is obvious. VIA is still young and I guess many keep an eye on it.
What about Mastercoin? It has been surrounded by pretty much FUD. MSC is less succesful with their PR (Judith Jacubovich is a silly PR-lady imo), but were able to attract MAIDSAFE. In general I read that XCP gets more appreciation then MSC by devs and I am wondering why.
Is there a chance that XCP and/or MSC will use the VIA-blockchain in the future? The only reason to keep the BTC blockchain is that BTC is for the moment more 'sexy', and VIA is still young and relatively unknown?

KryptoFoo

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Gregory Maxwell recently underscored the general inhospitable attitude towards counterparty running on bitcoin's blockchain. Another reminder of the viacoin / clearinghouse advantage.

Quote

[–]nullc 0 points 14 days ago
It's not clear that Bitcoin is "the most secure chain" for counterparty, since XCP directly competes with Bitcoin and takes resources from the users of Bitcoin both harming them directly and indirectly. Since the XCP transactions are trivially distinguishable (and must be for XCP nodes themselves to use the Bitcoin system in this way) there should be no reason to expect that Bitcoin users won't interfere with their transactions.

http://www.reddit.com/r/Bitcoin/comments/2qjlr1/8_ways_to_counterparty_new_features_counterparty/cn77azb

spartak_t

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@FAILCommunity

Quote from: GooseNL on January 11, 2015, 08:53:02 AM

I am not sure if it is 'nice' when more then 10% of VIA is in the hands of one whale, even when he is a 'decent bloke'. Is that healthy for a currency when so many are in the hand of a very few (top 10 holding 30%)? I have no idea of the economics of wealth distribution, but I guess a healthy situation is when there is less concentration of wealth, unless the 'rich' seriously help to expland the VIA-economy. In case of for example BTC, the Winklevoss Bross own a decent share of BTC, but they are actually contributing seriously to build an economy around BTC, so their investment makes sense and is doing good for BTC. BTW, do they have an eye on VIA? They are clever guys. I guess it make sense when dev BTCDRAK or other devs have a serious share in VIA.

VIA is extremely young and I guess continuing dev work and community work will make it more and more attractive for real market, for devs who want to build on VIA blockchain and for investors.

Reference: I am a patient VIA-enthousiast (in top 100 on the VIA list) and thinking longterm (years).

You should pay more attention in that rich list. Look closely at top 20 addresses and number of their transactions (almost none). Price was like 70k satoshi and they still didn't moved (last time I've checked only 1 of those addresses had significant number of transactions and less coins).

GooseNL

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Quote from: ?? on ??

Quote from: stereotype on January 11, 2015, 06:30:01 AM

Quote from: netineti on January 11, 2015, 05:31:37 AM

Quote from: btcdrak on January 11, 2015, 04:57:28 AM

Remember there is also a rich list http://www.richlist.eu/viacoin
top address is trex cold storage, then I think it's Otoh's wallet.

who is Otoh?

As well as a decent bloke, we call him the Casascius Whale! Cheesy

https://bitcointalksearch.org/topic/m.8493005

Hahaha, nice!

I am not sure if it is 'nice' when more then 10% of VIA is in the hands of one whale, even when he is a 'decent bloke'. Is that healthy for a currency when so many are in the hand of a very few (top 10 holding 30%)? I have no idea of the economics of wealth distribution, but I guess a healthy situation is when there is less concentration of wealth, unless the 'rich' seriously help to expland the VIA-economy. In case of for example BTC, the Winklevoss Bross own a decent share of BTC, but they are actually contributing seriously to build an economy around BTC, so their investment makes sense and is doing good for BTC. BTW, do they have an eye on VIA? They are clever guys. I guess it make sense when dev BTCDRAK or other devs have a serious share in VIA.

VIA is extremely young and I guess continuing dev work and community work will make it more and more attractive for real market, for devs who want to build on VIA blockchain and for investors.

Reference: I am a patient VIA-enthousiast (in top 100 on the VIA list) and thinking longterm (years).

stereotype

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