Topic: I am pretty confident we are the new wealthy elite, gentlemen. - page 5. (Read 6424 times)

What's protecting us from dust attacks?

Oh, cool.  I didn't even know about those.  Thanks for telling me; it was important to go ahead and register my screen name there.

https://forum.getmonero.org 
 
Still has a long way to go before becoming as friendly as this place to use though.

It already is, I suggest OP to re-post this in the official Monero forum thus immortalizing his visionary feelings within a nascent group of more intelligent and like-minded people, this thread makes me want to slowly step away from this forum forever.

unlimited transactions in a monero block, there have been blocks with over 500 transactions. and that's with a block time of one minute.

it also takes days to sync the monero chain, but once it's synced, the daemon has no problem keeping up with the network.

How many transactions in a Monero Block?
Currently BTC is running ~800 trans per block every 10 minutes... and runs at about 8-10GB of space for the entire chain.
BTC usage is a long ways away from Paypal, and it takes several hours to days to synch the BTC block chain.
How long does it take to synch the Monero chain?

Some scared Bitcoiners have posted ignorant comments.

This thread will be legendary, Dear Sirs

If you can't flesh out google from pets.com, that's on you.   

It's not even the OP.  It's this whole 'industry'...  It's like penny stocks and pink sheets.  It's where the scams are.

Pretty much. 

Mintcoin is 30x faster than Bitcoin, and proof of stake now. It is a lot different.

I agree that a coin doesn't necessarily have to have a "fair launch" to be successful. But I don't agree with everything else you said.

The thing is, what's the incentive for people to use your coin? There is none. Remember, liberatarians are a very, very small part of the population. The rest of the people enter for 2 reasons:

1. To make money

2. When a coin becomes THE way to pay for everything, they kind of are forced to adapt.

With your coin, there is no incentive to join the network for the first movers, so there is never enough network effects for the people who enter for reason 2.

The "cost" for using any cryptocoin is near 0. You still keep the purchasing value of your fiat when you use fiat to buy the coin. For example, if I bought $100 dollars worth of bitcoins when they were $10 each, I'd get 10 bitcoins, which would buy me $100 worth of stuff.

If I buy $100 dollars worth of bitcoins now, I can still use it to buy $100 dollars worth of stuff. The cost is nothing. That's why people still can switch, even if they're very late. There are no penalties*. But early movers get an advantage to use it, so there is an incentive to enter before it's too late.

*Most people don't consider the opportunity cost. Such is the world.

Here's the thing, sloopy.  
  
You are asking for and expecting the impossible.  Humans are greedy, and that's not going to change.  You can be mad about it, or deny it, but we are greedy because that trait has served us well up until this point in our species' development.  
  
It's possible that future generations may have that trait bred out of them, if we find ourselves in a word where the meek and generous have more babies than the greedy and power-hungry.  
  
That is not the world we live in today.  
  
Satoshi's real genius was to take something negative (human greed) and design a system around it that eventually transforms that greed into something beneficial for all mankind.  
  
And unfortunately, yes, we have to make a few people rich in the process.  That's an unfortunate side effect of a crypto succeeding.  
  
No one would buy into a crypto where there was no potential speculatory profits to be made, because before we ascend to the utility stage, there must be the speculation stage.  
  
So, if you *must* make people rich in order to change the world for the better, the best you can hope for is to make the *right* people rich: the intelligent altruists of the world who won't just use their wealth for egotistical and luxury purposes.  
  
Are you that right kind of person, who deserves to get wealthy?  Would you take the time to significantly improve the world if you had the means?  
  
Then don't be scared of your greed.  
  
Just remember to pay it forward later.  
  
Effective altruism is ruthlessly competing for the most resources so that you can help those who never had the opportunities that you did.

No money (BTC to buy yachts) involved = no work.

A successful coin will emerge, but it will be one which doesn't need a fair launch.
Crazy concept I know but it will be a coin which encompasses the main features we need without the bloat associated with making people money.  

Open your mind to a coin which has a purpose of accomplishing usability and profitability without an ever increasing entrance investment. A coin which has several main goals and none of which are to make any single group rich. A coin which makes a pump n dump of no value to the scammers who walk among us ruining good technology.

Start with a goal of changing the monetary system without making someone else rich.
An alternative would be to take a good coin like Monero and work backwards removing the aspects which make people wealthy.

It is the mindset which sets the goals, and the goals which are greed based that lead to the crypto environment we have.
I believe to make a coin which will actually "go to the moon" in terms of adoption, you need to first stop creating coins to make money and develop to help humanity.

No, not another "charity" coin think bigger.
Think of an idea more along the lines of allowing someone to enter the coin's community at the same "cost" for the first and 500 millionth person. No more, no less.

Think of a coin which removes the ability of these so called "exchanges" to work with scammers to manipulate price so they not only pump n dump once, but they do it over, and over, and over to the same coin until there are a few people left holding a ton of worthless crap and the dev moves on because he cannot make his wages.

Once you create a coin which is unaffected by human greed, manipulation from pumpers, and whales you have a beginning to a coin which will be truly adopted.

Before anyone says "this is crypto, it is ALL about making money", "get out if you don't like it", or my favorite is "This is crypto, maybe it isn't for you"... Those people are the ones defining the use of crypto and in doing so, ruining what does still have a chance to change the world for the better. Those people are turning crypto into exactly what bitcoin was invented to work against. This scene is not crypto, this is what greed, scammers, and a few scummy people have turned it into.

Satoshi the group, the man, whatever had the right intentions, but it is time for a rewrite to remove the manipulation.
Only a truly selfless community who wish to accomplish much more than "making money" will succeed.
Everything else is just a shiny quarter vying for our attention and until we as a community decide to stop filling the pockets of the trash who currently define this scene it will continue down the road to be the very thing we rally against.

Making money is great. I could sure use a great deal more.
Changing the world and re-inventing the original intentions of what bitcoin was supposed to be? That is the stuff of true Legends we should all aspire to support and achieve.

Do not idolize someone because they are wealthy in any coin. Idolize someone because they are making, helping, promoting a "good" coin or service which helps everyone even if they are not holding the coin, a coin which helps everyone, period.

Wtf is with this Monero cheerleading? Not that Monero is bad or anything, but I thought you were supposed to be working Pegasuscoin.

In the words of Satoshi:  "We're either going to the moon, or we're going to zero.  Nothing in between.  #YOLOSWAG"

I am so worried that for some reason Americanpegasus seems to think just like I do. I hope that doesn't mean I'm crazy beyond rehabilitation.

It's not in the least lol

Mintcoin=100% bitcoin clone with no new features

Monero= Entirely different from Bitcoin with the highest privacy out there for cryptos. Blocksize problem automatically fixed since there is no fixed blocksize limit, and more

why?