eMunie - page 8. | Bitcointalksearch.org

AgentME

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Quote from: bahamapascal on July 20, 2013, 09:22:38 AM

What do you guys think would happen if it gets release open cource and three weeks later there are ten different "copy and paste" coins releases?Would that be good for any body?

How would that be very different than what's already happening?

Quote from: bahamapascal on July 20, 2013, 09:22:38 AM

I think something smiler has already happened once with ppcoin, (I think) first coin to use POS. Now there are like four or more copycoins (BTG,BTB,CAP, etz.), none of which are a real success and ppcoin is also not doing to well...

I've never heard of any of those copycoins, and everywhere I look, PPC is mentioned as one of the big four of Bitcoin, Namecoin, PPcoin, and Litecoin. Are you arguing for or against open source there?

bahamapascal

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Well I am for closed source at the beginning, I think its the only way to make it a success. Tough I do think that the code should be released to some trusted members of bitcointalk so they can ensure that there is nothing "bad" in the code.
What do you guys think would happen if it gets release open cource and three weeks later there are ten different "copy and paste" coins releases?Would that be good for any body?
I think something smiler has already happened once with ppcoin, (I think) first coin to use POS. Now there are like four or more copycoins (BTG,BTB,CAP, etz.), none of which are a real success and ppcoin is also not doing to well...

AgentME

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Quote from: ilostcoins on July 20, 2013, 09:09:48 AM

So, the way some people here use the term "centralized" has nothing to do with how the protocol functions, whether it is based on a peer-to-peer network etc.

Decentralized in the case of Bitcoin means more than just the fact that the network is peer-to-peer. It's also the fact that no entity, no person, no bank, no government has complete control over the code everyone uses.

eCoinomist

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Quote from: ilostcoins on July 20, 2013, 09:09:48 AM

So, the way some people here use the term "centralized" has nothing to do with how the protocol functions, whether it is based on a peer-to-peer network etc.

When people say closed source here they mean the source code will not allow other developers to modify for 12 months.

But from end-user point of view in all other aspects, it's a decentralised system just like Bitcoin (you have control of your client and what you want it to do), but with multiple chains (instead of single block chain like Bitcoin).

Yes, it's peer-to-peer network protocol.
Not much info yet, but here is quick infographic with some explanation how it works:
http://ecoinomist.com/emunie-block-tree-transaction-chain-infographic

eCoinomist

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Quote from: AgentME on July 20, 2013, 08:41:47 AM

Quote from: eCoinomist on July 20, 2013, 08:38:51 AM

Most people moaning in this thread don't seem to understand the concept of "agile" deployment. No one ever said it's going to be closed source forever, shall I make it bold and clear that it's ONLY CLOSED_SOURCE FOR 12 MONTHS?

Why is closed source a requirement of agile deployment?

Because automated update can roll out anytime during this closed-source period. This will include things like: New features (exchange for example, bug fixes, new security enhancements, etc.) eMunie is alot more complex than Bitcoin, and it does aim to do a lot more, to function like a "real" currency with similar or better features than traditional banks can offer. That fact alone will force it to be closed source for sometime.

The alt-copy is actually only a secondary concern, not so major as many people think.

ilostcoins

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So, the way some people here use the term "centralized" has nothing to do with how the protocol functions, whether it is based on a peer-to-peer network etc.

eCoinomist

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Quote from: Lohoris on July 20, 2013, 08:46:53 AM

Quote from: eCoinomist on July 20, 2013, 08:38:51 AM

No one ever said it's going to be closed source forever, shall I make it bold and clear that it's ONLY CLOSED_SOURCE FOR 12 MONTHS?

Then it is centralised, hence totally pointless, for 12 months.
Come back in 12 months, thanks.

Ok, see you in 12 months then Wink

Lohoris

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Bitgoblin

Quote from: eCoinomist on July 20, 2013, 08:38:51 AM

No one ever said it's going to be closed source forever, shall I make it bold and clear that it's ONLY CLOSED_SOURCE FOR 12 MONTHS?

Then it is centralised, hence totally pointless, for 12 months.
Come back in 12 months, thanks.

AgentME

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Quote from: eCoinomist on July 20, 2013, 08:38:51 AM

Most people moaning in this thread don't seem to understand the concept of "agile" deployment. No one ever said it's going to be closed source forever, shall I make it bold and clear that it's ONLY CLOSED_SOURCE FOR 12 MONTHS?

Why is closed source a requirement of agile deployment?

eCoinomist

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Most people moaning in this thread don't seem to understand the concept of "agile" deployment. No one ever said it's going to be closed source forever, shall I make it bold and clear that it's ONLY CLOSED_SOURCE FOR 12 MONTHS?

AgentME

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Quote from: ilostcoins on July 20, 2013, 08:26:23 AM

In what sense is it centralized?

If it's closed source, then only the developers have the source and control of it. There's no way to inspect changes to it. No way to maintain your own patches.

ilostcoins

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In what sense is it centralized?

Lohoris

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Bitgoblin

Quote from: eCoinomist on July 19, 2013, 05:44:20 PM

It will be the first digital currency to have integrated decentralised exchange right inside the client

BTW this is a lie, since Ripple already does that.

Of course it pales compared to lying about decentralisation itself, and agains the arrogant stance taken against all (well deserved) criticism.

I'm still giggling thinking about how much time did you waste, killing your own project with a couple bad decisions, despite several people kept explaining you over and over what are you doing wrong and why.

CoinEntropy

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Quote from: NWO on July 20, 2013, 05:32:13 AM

Quote from: ohiwastedmylif on July 19, 2013, 06:03:43 PM

Quote from: TheSwede75 on July 19, 2013, 05:57:21 PM

Quote from: eCoinomist on July 19, 2013, 05:44:20 PM

It will be the first digital currency to have integrated decentralised exchange right inside the client. Dan (the developer) is currently working on first beta client to handle basic transactions, integrated exchange is scheduled to be released soon on second phase if I'm correct.

I was pretty enthusiastic before I realized its being released as closed source. Game over. No need for a Ripplescam-2.

That is what I want to figure out.

It is sounding exactly like ripple 2.0 with an internet explorer logo.

But also coupled with the business model / scam model of PXC where everything is highly centralized in order to capture revenue streams via micro-transactions. Play poker? they get fees. Use their exchange? they get fees. Etc. .

100% agree. Especially the internet explorer part Tongue

I think if they made it open-source this coin can excel all competition and compare itself to LTC. The design is ingenious. (research block 'trees')

NWO

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Quote from: ohiwastedmylif on July 19, 2013, 06:03:43 PM

Quote from: TheSwede75 on July 19, 2013, 05:57:21 PM

Quote from: eCoinomist on July 19, 2013, 05:44:20 PM

It will be the first digital currency to have integrated decentralised exchange right inside the client. Dan (the developer) is currently working on first beta client to handle basic transactions, integrated exchange is scheduled to be released soon on second phase if I'm correct.

I was pretty enthusiastic before I realized its being released as closed source. Game over. No need for a Ripplescam-2.

That is what I want to figure out.

It is sounding exactly like ripple 2.0 with an internet explorer logo.

But also coupled with the business model / scam model of PXC where everything is highly centralized in order to capture revenue streams via micro-transactions. Play poker? they get fees. Use their exchange? they get fees. Etc. .

100% agree. Especially the internet explorer part Tongue

AgentME

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Quote from: Lohoris on July 20, 2013, 03:51:28 AM

And even if for some magical reason you could be sure that software isn't harmful (hint: you can't), it would still be pointless anyway because closed source = centralised, which totally defies the purpose of cryptocoins in the first place.

I agree. I swear it's like other people keeping forgetting that decentralization is what was revolutionary about Bitcoin. It wasn't the online or digital parts. Centralized online value transfer systems already exist, and have much more legal standing. Paypal is a popular one. If you're centralized, then they're your competition, and you probably aren't going to get far at all.

eCoinomist

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Quote from: Lohoris on July 20, 2013, 03:53:22 AM

Quote from: eCoinomist on July 20, 2013, 12:25:17 AM

Creator of eMunie Logo

Nice logo.
A pity it is blatantly copied from Internet Explorer, with a hint of Firefox.

They say jealousy is the best form of flattery

Ps. the pic you see is my personal avatar, not even the logo. Here is the official logo.

HuuHachu

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Quote from: ohiwastedmylif on July 19, 2013, 05:48:14 PM

Quote from: eCoinomist on July 19, 2013, 05:44:20 PM

It will be the first digital currency to have integrated decentralised exchange right inside the client. Dan (the developer) is currently working on first beta client to handle basic transactions, integrated exchange is scheduled to be released soon on second phase if I'm correct.

So it is really just like PXC? The whole point of the coin is for the dev/team to produce long-term revenue streams for themselves through micro-transactions?

Or does the exchange operate with 0% transaction fees and is powered via the miners? Explain decentrailized more if you can.

I suppose you mean XRP (ripple) and not PXC (phenixcoin)

Lohoris

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Bitgoblin

Quote from: Lohoris on July 20, 2013, 03:51:28 AM

It is closed source to protect the premine

And this is quite fun, because it's like a self-fulfilling prophecy: they go closed source to protect the premine, but those coins will be even more worthless because they are closed source, achieving exactly what they were trying to avoid in the first place.

Greed fucks up people's minds.

How to completely botch the launch of something that would have been interesting instead.

Lohoris

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Bitgoblin

Quote from: eCoinomist on July 20, 2013, 12:25:17 AM

Creator of eMunie Logo

Nice logo.
A pity it is blatantly copied from Internet Explorer, with a hint of Firefox.

Topic: eMunie - page 8. (Read 6632 times)