[DRK] Instant Confirmations Instant X

FandangledGizmo

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Activity: 1138

Merit: 1001

Quote from: illodin on November 09, 2014, 04:51:30 PM

Quote from: clout on November 09, 2014, 04:38:52 PM

game has already changed.

It will be changed when there exists a killer app taking full use of instant/fast confirms.

The killer app for those 10 sec confirmations is BitAssets like BitUSD http://whatisbitusd.com/

BitShares will be starting their marketing push end Nov/early Dec including on-ramps, merchant and consumer adoption, I see they've been meeting with a partner in the global remittance business, https://bitsharestalk.org/index.php?topic=11125.0 , and there was talk of a BitUSD debit card too, I don't know if that's still on the cards. But yes the game may start changing in less than a month...

illodin

hero member

Activity: 966

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Quote from: clout on November 09, 2014, 04:38:52 PM

game has already changed.

It will be changed when there exists a killer app taking full use of instant/fast confirms.

clout

full member

Activity: 207

Merit: 100

Quote from: illodin on November 09, 2014, 03:22:02 PM

Quote from: clout on November 09, 2014, 03:00:08 PM

Not exactly a game changer since bitshares has 10 second confirmation times.

So if bitshares has 10 second confirmation, why that prevents it from being a game changer? Huh

I'm not saying its not a good feature to have. Its not a game changer because the game has already changed.

illodin

hero member

Activity: 966

Merit: 1003

Quote from: clout on November 09, 2014, 03:00:08 PM

Not exactly a game changer since bitshares has 10 second confirmation times.

So if bitshares has 10 second confirmation, why that prevents it from being a game changer? Huh

clout

full member

Activity: 207

Merit: 100

Not exactly a game changer since bitshares has 10 second confirmation times.

illodin

hero member

Activity: 966

Merit: 1003

Quote from: mr_random on November 09, 2014, 11:28:56 AM

If any other coin was trying to pass off 30 second confirmations as "instant transactions" there would be a hundred trolls with pitchforks screaming scam. Pure marketing bullshit.

That would require any other coin to have 30/6 = 5 second target block time. I would call such a coin scam myself too.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: Brilliantrocket on November 09, 2014, 11:01:13 AM

Sorry that Dan took your retirement savings buddy, but you don't have to take it out on the Darkcoin community.

Retirement savings. I'm pretty sure I have more crypto than you will ever amass in your next twenty lifetimes.

I've posted facts and a direct quote from your developer. If that's me "taking it out" on the Darkcoin community you must be pretty scared.

If any other coin was trying to pass off 30 second confirmations as "instant transactions" there would be a hundred trolls with pitchforks screaming scam. Pure marketing bullshit.

Brilliantrocket

hero member

Activity: 826

Merit: 500

Sorry that Dan took your retirement savings buddy, but you don't have to take it out on the Darkcoin community.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: anonymousxx1503 on November 09, 2014, 12:11:40 AM

Quote from: mr_random on November 08, 2014, 06:39:02 PM

Quote from: Propulsion on November 08, 2014, 05:41:44 PM

Quote from: mr_random on November 08, 2014, 03:44:04 PM

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

That's not how it works at all. It uses the MN system to verify a hash and locks the input with 10 separate entities. It takes literally seconds for confirmations.

This is rivaling Visa or Mastercard payment systems.

This is a quote from the DRK dev:

Quote from: eduffield on November 07, 2014, 08:57:04 AM

2 seconds was in a very small local environment! It should be 20-30 seconds in production, 10 if we're lucky.

that's 20-30 seconds to a totally confirmed transaction - equivalent to 6+ regular confirmations. Still something you don't get?

Yeah 20 to 30 seconds. That's not instant is it.

It makes no sense to compare it to 6 confirmations it's a different system of consensus.

It takes 20 to 30 seconds for the InstantX system to reach confirmation.

The Instant part is just marketing bullshit.

solid12345

legendary

Activity: 1246

Merit: 1000

Yea and Mazacoin is fast too

www.youtube.com/watch?v=flcTwvFDla4

But no credit there of course.

btcprice

sr. member

Activity: 434

Merit: 250

Quote from: thelonecrouton on November 08, 2014, 05:36:17 PM

Quote from: levinhostar on November 08, 2014, 04:18:08 PM

Quote from: Propulsion on November 08, 2014, 03:16:52 PM

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are

https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/

first BlockNet and now Instant X. Get own ideas faggots

Uh huh. j777 was the first human being ever to think of faster transactions. And the rest of us must sit around waiting for years until j777 actually delivers them.

Shit or get off the pot. Grin

Yeah, how's that working out for him so far?

Cheesy

anonymousxx1503

hero member

Activity: 532

Merit: 500

Quote from: mr_random on November 08, 2014, 06:39:02 PM

Quote from: Propulsion on November 08, 2014, 05:41:44 PM

Quote from: mr_random on November 08, 2014, 03:44:04 PM

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

That's not how it works at all. It uses the MN system to verify a hash and locks the input with 10 separate entities. It takes literally seconds for confirmations.

This is rivaling Visa or Mastercard payment systems.

This is a quote from the DRK dev:

Quote from: eduffield on November 07, 2014, 08:57:04 AM

2 seconds was in a very small local environment! It should be 20-30 seconds in production, 10 if we're lucky.

that's 20-30 seconds to a totally confirmed transaction - equivalent to 6+ regular confirmations. Still something you don't get?

levinhostar

member

Activity: 83

Merit: 10

Quote from: raico on November 08, 2014, 07:37:54 PM

Quote from: levinhostar on November 08, 2014, 04:18:08 PM

Quote from: Propulsion on November 08, 2014, 03:16:52 PM

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are

https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/

first BlockNet and now Instant X. Get own ideas faggots

jl777 ?! Man, Seriously, Are you kidding? or Are you out of your fxxxing mind?

thanks for your qualified comment. Glad that we are not on the same boat.

raico

member

Activity: 115

Merit: 10

Quote from: levinhostar on November 08, 2014, 04:18:08 PM

Quote from: Propulsion on November 08, 2014, 03:16:52 PM

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are

https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/

first BlockNet and now Instant X. Get own ideas faggots

jl777 ?! Man, Seriously, Are you kidding? or Are you out of your fxxxing mind?

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: Propulsion on November 08, 2014, 05:41:44 PM

Quote from: mr_random on November 08, 2014, 03:44:04 PM

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

That's not how it works at all. It uses the MN system to verify a hash and locks the input with 10 separate entities. It takes literally seconds for confirmations.

This is rivaling Visa or Mastercard payment systems.

This is a quote from the DRK dev:

Quote from: eduffield on November 07, 2014, 08:57:04 AM

2 seconds was in a very small local environment! It should be 20-30 seconds in production, 10 if we're lucky.

stealth923

legendary

Activity: 1036

Merit: 1000

Absolutely amazing. The potential here is bigger than we can even imagine.

You can tell how much Evan loves doing this and his passion and dedication is second to none in the crypto world.

Inventor of x11, dark gravity wave, darksend , instantx. Crazy

splawik21

legendary

Activity: 1372

Merit: 1005

DASH is the future of crypto payments!

Quote from: Propulsion on November 08, 2014, 05:41:44 PM

Quote from: mr_random on November 08, 2014, 03:44:04 PM

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

That's not how it works at all. It uses the MN system to verify a hash and locks the input with 10 separate entities. It takes literally seconds for confirmations.

This is rivaling Visa or Mastercard payment systems.

This is the beggining! Transactions withing seconds ARE instant! Go Darkcoin Go!

Propulsion

hero member

Activity: 658

Merit: 500

The Buck Stops Here.

Quote from: mr_random on November 08, 2014, 03:44:04 PM

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

That's not how it works at all. It uses the MN system to verify a hash and locks the input with 10 separate entities. It takes literally seconds for confirmations.

This is rivaling Visa or Mastercard payment systems.

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: levinhostar on November 08, 2014, 04:18:08 PM

Quote from: Propulsion on November 08, 2014, 03:16:52 PM

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are

https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/

first BlockNet and now Instant X. Get own ideas faggots

Uh huh. j777 was the first human being ever to think of faster transactions. And the rest of us must sit around waiting for years until j777 actually delivers them.

Shit or get off the pot. Grin

levinhostar

member

Activity: 83

Merit: 10

Quote from: Propulsion on November 08, 2014, 03:16:52 PM

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are

https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/

first BlockNet and now Instant X. Get own ideas faggots

Topic: [DRK] Instant Confirmations Instant X (Read 2394 times)