Topic: Gold collapsing. Bitcoin UP. - page 1095. (Read 2032266 times)

the war is on; for taxis that is.  and it won't end well; for Yellows:

"We just dropped uberX fares by 20%, making it cheaper than a New York City taxi. From Brooklyn to the Bronx, and everywhere in between, uberX is now the most affordable ride in the city."

http://www.zerohedge.com/news/2014-07-07/uber-launches-war-against-yellow-cabs-cuts-new-york-fares-20-ali-baba-launches-chine

hes talking about transparent forging which hasnt been fully implemented in the core yet. not the source code of nxt.

this is the source code.

https://bitbucket.org/JeanLucPicard/nxt/src
 
looks open source to me

https://nxtforum.org/general-discussion/bounty-for-successful-nothing-at-stake-attack/msg60166/

vbuterin:
I eagerly await a full whitepaper description and open source code of your complete protocol so both myself and more formal academics can properly whack at the specifics.

when was the last time you checked? its been fully open source for months with all "clone traps" and injected flaws removed.

NXT is not fully open-source AFAIK.

More end of petro-dollar signs / statements everywhere.

http://www.zerohedge.com/news/2014-07-06/france-assures-push-against-petrodollar-not-fight-against-dollar-imperialism

I wasn't trying to pump the coins. Read all my posts bar the most recent in this thread. I was trying to get an answer as to why senior members seem to shun second gen coins. Not pump. I'm never usually this, frustrated but this persistent cold shouldering and selective hearing when dealing with second gens was really p-ing me off. I just wanted answers as to why it happens but as you can see I didn't get any.

Nxt is open source nem is only in open alpa so still closed. And don't base an entire cryptocurrency on one person's comments. If you read the comments you will see I'm looking for an answer that nook one so far has been able to give?

I'm looking forward to this as well!

There are some posters in this thread whose rhetoric surrounding alt-coins seem really pushy and aggressive to me. With the launch of alt-clones we might see whether they really care about the tech or just want to pump some coin for personal profit

btw the last 3 pages have been seriously off-topic.

I'm looking forward to the launch of the first spin-offs later in the year.  Significant progress has recently been made on the UTXO parser for producing the blockchain snapshot files: https://bitcointalksearch.org/topic/m.7602258

Is Nxt or Nem now fully open-source and clone-able using the spin-off method?  

I'm really curious how the market dynamics will play out between the alt-coin and the alt-clone (credit to Cypherdoc for the term ).

companies can list stocks free of charge, free of wall street. people can buy those shares annonymously and dividends of these shares can be paid automatically to the share holders.. share holders can then also use voting system to vote on company issues.

businesses can crowd fund with the AE. so anyone who cant get a loan from a bank can put up a proposel of prospectus and get investment when a bank wont help.

an entire mmorpg thats played through the nxt client(i think) and totally built on the block chain can earn young gamers money while having fun at home. think decentralised world of war craft were if you win a battle you earn real money.

voting system could be used for governmental transparent voting that can not be corrupted and publicly audited and counted.

when bitcoin network costs 1 billion to run. nxt/nem i think can run for less than 10 million. 999,900,000 dollar saving. thats worth that much money per year isnt it? im sure those running the network will care about that.

nxttorrent will be totally decentralised bittorrent i think. piratebay and its users will love that one.

its hard to think of real world applications for technology im barely getting to grips with.

its going to have personal/business level privacy, so as far as i can tell thats like, hide balance but not transactions. hide TX but not ballance, hide shares, but show everthing else etc etc. you dont care if people see you bought a tv right? but you wouldnt want them to know how much green is in your piggy bank would you? or how many shares of company x you own or how much you earn from that right?

theres just so much its scary to think tech has become so advanced in such a short period.

also, what do you make of ethereum?

nxt automated transactions are at testing phase(very soon to start testing) and this is a total death blow to ethereum. because AT uses assembly code, any language can work with it, where as with ethereum you would have to learn their new language which could also have serious flaws, and could take years to pound out security holes. so essentially they are integrating a better ethereum into nxt and destroying ethereums first mover and main advantage over other coins.

ok i agree pretty much with all of that. some how i dont think bitcoin will be able to solve much more than it already has. if it could implement even any of the stated items above. do you not think some of the best developers in the world, would have already?

and im not arguing that nxt or nem will over take bitcoin, i just cant understand how hero members of the crypto community fight tooth and nail against such revolutionary advances in the crypto scene?

you would agree that it takes years for this stuff to catch on right? as proven by bitcoin? would you agree that bitcoin has paved the way for new crypto technology to catch ground much much faster than bitcoin has? so perhaps nxt and nem have not come too fast as it will take a long time for them to grow and develope to a point where they can be used by the main stream. people dont know what possibilities are made possible by bitcoin, let alone second generation coins, so how could regular joe husband run home to his wife and tell her all the good stuff that can be done with second gens? because the tech needs to be realized before the potential of the tech can be realized by the pioneers and early adopters of the tech, which has to happen before main stream realizes and makes use of it. would you not agree?

what i cant understand is why crypto veterans, fail to recognize and take into account the stunning advances being made by second gens and continue to preach bitcoin as if there are no threats to bitcoin long term and act as if these second gens, have done little more than swap out an algorithm when in reality they have revolutionized block chain technology and taken it to a whole new unprecedented level of development and progression.

but still. tooth and nail. you all fight it. why?

Were not on the same level.

Average joe doesnt know about bitcoin yet so why would he give a ying fk about nem ?

I asked give me one thing he would care about?

You replied a physical goods decentralized exchange. Now this is a logical argument what else is possible with nemnxt thats not with bitcoin?

Is having a physical goods exchange like that something the world will see as groundbreaking And solve an everyday issue? i dont know but lets keep it logical.. list them out and maybe you can make us "see"  if there is something to see.

Sure it has value. Any open source development has tremendous value but not to the degree you wish for in this case because not even 1% of the population knows about bitcoin let alone tx times. Like I said confirm times may not matter in the future and shouldnt be used in this argument of yours.

The securing of the blockchain IS a valid issue and one that we will deal with WHeN it becomes an issue.. you shoudl know that ppl generally dont change until ina corner.. and at that point who knows which technology is available for people to switch over to or that bitcoin has already solved the problem somehow.

We are on an exponential curve technology wide and acceptance wise.. you cant assume anything about what the outcome can be or possibilities that lie ahead since we dont think that far ahead in general to care about it.. nem nxt should have waited, but ofcourse the 3000 stAkeholders would beg to differ.

you joking.... right? do you think average joe would have run home to his wife and sang praises of bitcoin 3 years ago? could you buy anything in shops with bitcoin 3 years ago? even last year?

how many people trade stocks?

how many people buy films online, rent films, software any digital goods what so ever?

nxt is soon bringing out a decentralised physical goods store. ie. ebay built into nxt platform with a reputation system.

faster transactions is only one small tiny part of the puzzle.

nxt is on the cusp of become the very first and only fully decentralized trustless cryptocoin exchange using multigateway.

mintpal, crypsty, bittrex, poloniex, all their business models, wiped out over night.

can you honestly tell me any trader would rather trade on a centralized exchange over a trust-less decentralized one?

mmorpg's built on top of nxt that play through the browser, the in-game currency being nxt where weapons can be won and sold on the AE for real money, so any gamer can earn money. not just pro's. that doesnt have value?

crowed funding businesses? a cafe has already crowed funded itself in england using the nxt AE, and has now started running and paying dividends? this hasnt got value to people who dont want loans from banks? and dividends will soon be payed automatically, this doesnt have value to companies who list stocks?


are you trying to tell me that none of this is any benefit what so ever to nxt? or that it is not far far superior to bitcoin? which can only ever be used as plain and simple currency? which will only get more and more expensive to run? when bitcoin costs 1 billion to secure the block chain nxt/nem will cost a tiny fraction of that? when bitcoin becomes an eco black eye nxt or nem wont seem favorable because the whole network could run on solar panels? this doesnt have value?

seriously?

and yes bitcoin does suffer severely because of transaction times. i sent a transaction with .0002 fee and it took half an hour to get 1st confirmation and over 2 to get 5 confirms. that is archaic compared to nxt/nem's 1 min confirms.

Network effect > faster transactions etc from nem nxt.

Bitcoin doesnt have a problem with tx times.. once insurance gets involved poof there goes your market advantage.

Give me one thing average joe cant do with bitcoin that cam with nxt nem that cAres to go home and tell his wife guess what I learned today at work??

I rest my case. Im not attacking you or the coin just giving you the reality of the situation. Blockchain tech 2.0 will happen and EVERYONE including early adopters will all acknloedge it as such.

Ie theearly internet adopters like aol would never say they tech is better than isp services today (internet 2.0) While the next gen replacing ajax with websockets (see devcoinauctions.com for example) is already in the works to take it the next step further. But evem tho the ground work is done (websockets and content providers) its not nearly enough for society to really care until use cases are possible such that they solve a problem that wasnt possible to solve prior to the adoption of the tech.

thats your argument? seriously? do i really have to list all the things that they do offer to the lehman? to the financial industry? to the gaming industry? ten times faster transactions and soon to be instant apposed to bitcoins 10 mins(on a very good day) business or personal or complete levels of privacy? have you ever heard andreaous antonopolis talk about "currency is only the begining" "the blockchain can support all this other stuff and then its units of account are used as currency as a secondary effect". he is talking about all the other stuff made possible by the technology called the block chain and the ability to come to global consensus in a trust-less manner with out the need for centralised parties. all these other things other than currency is exactly what nxt and nem are building onto their platforms at an astonishing rate and all that most people are doing is fighting it because you have vested interests elsewhere and have forgotten why this whole crypto thing was started. it wasnt so we could just stop at currency and say we are happy with that, we dont need the rest. bitcoin imo was a basic test run to see if this new method of global trustless consensus could scale while staying decentralised. many flaws were found and im sure you cannot argue with that.

out of this research/experiment as many people have called it and still do called it. have come the next wave of blockchain technology. the 2.0's. i dont mean the shit bitcoin half clones with new algos. i mean nxt(still flawed as has been stated over and over and i agree on many cases but not all) and nem. though nxt is flawed in its distribution and "rich getting richer" issues. which i agree on. the fact still stands that it can do all these other things that the block chain technology can, should and will be used for. regardless of its other issues that it has.

why do you fight tooth and nail for a crypto that can and will only ever be used as currency. the bitcoin devs themselves came out and said development and dev discussion has all but come to a halt with discussions only ending up in flaring arguments. while the next generation of crypto arises and evolves at an astounding rate at which bitcoin devs could only dream of. i do not understand why such pioneers of a technology who have been in crypto for soo so much longer than i have, seem to fight this natural evolution of technology with ever last single breath instead of just embracing it and seeing it for what it really is, the next logical step of crypto evolution that can harness the full potential of block chain technology at an unprecedented rate of development.

but yet this technology is shunned by the very people who wanted to progress it so badly in the early days. as someone new to crypto since november as barely invested, pittances to most, i cannot, for the life of me, understand why everyone fights tooth and nail for a now, bar the network effect, redundant technology?

please with out insults, accusations of FUD, and not including the distribution issue or rich getting richer issues (as they are fixed by nem) please, can you explain to me why this new innovative technology is simply, ignored or shunned by those who would be considered pioneers of the blockchain technology.

i simply do not understand it.

Nxt and nem offer nothing new to the lehman case closed who cares move on

sure i did.  this is how i understand NEM too.

you just made my point

you and windjc should have at it.


look who's talking.

i have notified them of it. i claimed they could be, found out i was wrong, admitted i was wrong, and then harshly insulted about it after i politely admitted i was wrong and asked for the source so it could be fixed. mature behavior of a "hero member" would you say?

but yes as someone who supports nxt and PoS i agree that if that was put there intentionally, thats for sure not good. but i have to say, with all due respect, nxt is far from desperate. did you read the development plan for the next few months that i posted on the previous page? far from desperate i can assure you.

you didnt look into nem what so ever did you? actually i know you didnt.

nem has 3000 stake holders. yes 3000. over 1000 are veteran accounts. the vast majority were accounts created prior to the announcement and then taint analysis was used to rid any sockpuppets that were used.

it also has a new proof of importance algorithm in combination with proof of stake which solves the inherent issues in nxt regarding hoarding and "rich getting richer". it works by giving higher "weight" or forging power to those who are most important to the network for example giving higher or lower weight based on what transactions you do, who you do them with, etc etc and just generally how important you are to the network. and no before you ask it cannot be manipulated. get as many accounts as you like, il send you some test coins, and try to manipulate it to give you a higher weight. many people have tried to break it already and cant.

you cant ignore the network effect of 3000 initial stake holders or the revolutionary technical advance of proof of importance combined with proof of stake.

and it wasnt an ipo, all 3000 got an equal share by paying a fee to join which was minimal compared to what stakes are worth now (1500 dollars) so there are no "whales" that just bought up a shit ton of the currency.

actually research a coin before you start stating facts about it.