Topic: POLL - which coins are scams as defined in the OP? - page 13. (Read 11787 times)

If pointing to your incorrect behavior is trolling - yes, I'm trolling you in this thread.

Decentralized file storage block chains are entirely flawed and only a completely clueless fool wouldn't realize it:

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I speak factually to trolls, else I don't speak at all (which would be wiser yet I do a service for the community here as a sacrifice from my time to code and do professional endeavors).

And you are trolling me in this thread.

Name calling don't improve your reputation, you should reconsider your tactics, unless you post for the sake of posting.

The definition was provided:


I can't help it that nearly all the altcoins are scams per the definition above.

You argue I shouldn't compete and try to improve the situation. Nonsense. You'd prefer I leave crypto and let it die in one big scam, centralized cluster fuck. Are you insane.

Instead make solid arguments as to why the altcoins in this list are not scams per the definition provided. You can't, loser.

Hi all.

For some time i was blinded by the TPTB_need_war(Anonimynt etc.) technical blabbering and i really thought that he is here for the sake of good.
I have lurked here in the crypto forums for a couple of years now and i am convinced now that even though he knows what he is talking, his intentions are very self motivated.
Definition of scam here = the biggest competitor.
I would define all those so called altcoins as a cradle for innovation and those who are not innovating are the real scams.
No point of talking about distribution and knowing that the world beyond BCT forum at the grand scale of things are completely unaware of this technology etc.
For them(end user), we all could be defined as instaminers or scammers but i dont think thats the case.
If you belive in that blockchain technology, then it is your job to help, educate and expand the awareness, not mine the speculators behalf of other more successful and innovative projects.
In the end market will decide and i hope that people will see beyond those that shout the loudest!

Best regards,
Equilibriums

It's not what I was talking about, but never mind - this is my bad English.

Nothing has changed. I want readers to learn to analyze the technology and learn to not buy tokens for hype that doesn't exist or isn't peer reviewed by non-biased experts.

Notice I am not planning to sell any ICO. Nor am I going to make any ANN on these forums. I am not interested in mining the speculators. I am creating a social network that I want to succeed with millions of users regardless of whether the associated crypto currency succeeds or fails.

Adoption first, that is my creed. I want to do everything different than how it has been done.

My career has been about I don't get paid if I don't have users. I never mined the investors in my life. I refused a $1.2 million stock options offer in 1995. I refused another such offer in 2001. I have always made my money the hard way.

Now I am open to the concept of crowdfunding and shares, but not for the crypto currency! For the for-profit social network. The crypto currency must be fair and decentralized (no one controls it), else it won't be adopted as money. (not unless you are the government which can force legal tender).

Ah, thank you for re-posting my thread.  I still need to sift through much of your reply. But in the meantime, I am looking for the "best of breed" in the following crypto business sectors in order to build a portfolio.  I've assumed greater market caps are better, unless the community has been scammed by dictator before.

Here is what I have so far:

I have divided my selections into 2 distinct categories:
1.   Governance Models
2.   Niche Businesses

So far, we have only identified 4 major categories of crypto company/community governance models:

1.   - In a Hashocracy like bicoin, only the miners choose which future developments get implemented (which hard forks to take), and anyone is free to compete in the coin mining process.  The original Bitcoin Foundation members did not like fact that they lost their ability to control the miners, so they left to form Decred which is a:

2.   - hybrid Hashocracy/Meritocracy which allows anyone to compete in the coin mining, but only coin holders get to vote on development directions (which hard fork to take).  DASH is now a hybrid Hashocracy/Meritocracy like Decred, but started out as a Dictatorship when Evan misrepresented the total number of shares without indemnifying the shareholders.  Since the SEC has no jurisdiction over a crypto company, there can be no legal recourse for suffering through injustices experienced as a shareholder of a company ruled as a:

3.   - Dictatorship is where a central man or entity tells the miners what to do.  I pledge to avoid any investments in companies who are or have ever been ran as a Dictatorship due to the lack of legal shareholder recourse described in #3 above.

4.   - In a pure Meritocracy like BitShares, shareholders determine which hard forks to take and who is allowed to mine new coins (1 BTS = 1 Vote).  This type of community resembles that of a traditional company with multiple owners.

Because I obviously need to be politically correct here, I formally apologize to Amanda for criticizing her explanation of the DASH governmental structure as anything but its former dictatorship because it’s obvious now that Masternode owners are in control of the DASH network, even though that was not always the case.  I simply choose not to associate with former dictators, and I don’t want to lose the female vote.

https://www.youtube.com/watch?v=VQGlcLFhwE0#t=2m8s
(I stand corrected Ms. Johnson)

In our second category for crypto investment, I'm searching for the best of breed (large cap) crypto companies in each niche market.  

I only came up with 8 niche crypto business sectors.  Please let me know if I am overlooking any sectors.  Again, I want only the largest cap company in that sector, but not if it has ever been ran a Dictatorship:

1.   the largest (biggest market cap) data storage company is Maidsafe
2.   the largest records database company is Factom
3.   the largest social networking company is Synereo
4.   the largest music monetization company is MUSE
5.   the largest public Turing complete computer is Ethereum
6.   the largest anonymity solution (omitting DASH) is BitShares
7.   the largest file swapping service company is Florincoin (The Alexandria Project)
8.   the largest domain name company is Namecoin

So to summarize:

Are there any crypto business types or governance structures that I have not considered?

Thanks in advance

Where have I claimed that all polls on this site are scams?
Why do you think I don't like the vote on Iota?

EDIT: History repeats itself, now you are on the other side...

Whine your spam at Theymos. You are claiming all polls on this site are a scam because you don't like the vote on Iota. Your problem is with Theymos, not with me. The readers here are perhaps giving you some valuable feedback. Ignore it at your own peril.

The truth hurts, but don't shoot the person who asked the question. Shoot Theymos or yourself (or David/iotatoken). I presume Iota's ICO has been very profitable, so I don't think bitterness is appropriate. Market feedback is what it is. If you think the poll is invalid, perhaps you should endeavor to prove it. I would think 100 votes here is statistically significant to gauge roughly the sentiment here on this board. The polls may be Sybil attacked, I don't know. I think you will find that most readers are clueless so there is no accurate sentiment. Rather there are fools lead to the slaughter on this board, so I rather like the outcome of the poll that basically says nearly all the altcoins are scams. That seems rather factual from my expert perspective.

Personally I lean towards the ICO of Iota is a scam based on some innuendo I've heard (but I haven't fully investigated and have no time to waste on that). I think the technology is fundamentally flawed (although somewhat interesting and worthwhile to understanding, but not worthwhile to implement*) and I would never have endorsed it because it would scar my reputation (at least not until a Nash equilibrium is mathematically proven*). The implementation (which you did) may be sound, but I haven't reviewed your code. I assume you produce good code based on what others have said, and also the astuteness of your posts.

* Note there is an argument that centralization is unavoidable and thus one might argue you are okay to proceed. Or perhaps you will eventually show or argue that as long as 50% of the merchants enforce a single math algorithm, then it remains sound. But in my mind, that is still a power vacuum that leads to centralization, because it requires that merchants can't find other game theories for profiting. Maybe you can show they have no other incentive and thus there is a Nash equilibrium. In that case, my opinion of Iota's technology would rise significantly. I don't expect you can show a Nash equilibrium because the CAP theorem assures us that when you allow Partition tolerance as Iota has done, then you lose either Access of Consistency.

yes this poll is a scam... community takeover anyone

Few votes == not statistically significant.
A lot of votes == Sybil-attacked.

Looks like a failure from the very beginning.

26 votes as of now doesn't seem to qualify as a Sybil attack. If there are 1000 votes, then maybe. I think the forum doesn't allow newbie accounts to vote.

Perhaps you should ask Theymos.

Didn't read the OP, it was too long. Just one question: What anti-Sybil method are you using for this poll?

Okay this is Peertracks and apparently the Bitshares asset is MUSE.

Peertracks runs on the Bitshares block chain, which means it can't scale to the level of transaction volume that a popular music paid download system will require. Also Bitshares is a highly centralized platform that will ultimately suffer the destruction by winner-take-all economics of power vacuums. Also the Bitshares instant transactions aren't reliable, because there is only one designated confirmation node for each block period, so the performance of blocks can vary. The usability is simply not going to work reliably at-scale. That is why I didn't even bother to attempt my project until I first solved the nearly insoluble issues with the block chain design that everyone else is grappling with.

The Peertracks Note features is interesting. It might turn audiences in P&D targets though, so I am not sure it is desirable. It is also not clear if these are illegal unregistered securities under SEC law in the USA. I do know that in the case of airplane VIP memberships the Supreme Court ruled they were not subject to the Howey test. I will need to study that more.

Peertracks doesn't appear to do anything about enabling the unbanked to monetize music, which is one of my major goals.

Peertracks is IMO too focused on just music. Users are saturated with music distribution choices. I believe it will require more synergies to compete effectively. The serious music fans in developed countries demographic is already heavily targeted by Spotify, iTunes, and other such sites and apps. The wide open frontier are the less serious music lovers, which no one has yet found a way to monetize well. And I can't see anything Peertracks is doing to change that. I just don't think the masses are going to be tuned into Notes as something they are interested in. You are basically trying to turn the serious music fans into speculators. A rule of Marketing 101 is don't assume you can change an Apple into an Orange. You must target a real existing need, not a fantasy. Yeah speculators here will think Notes are cool, but the actual music fans I think will perceive it to be a negative feature and an insult to love of music. You basically corrupt the musicians teaching then to do P&D instead of produce great music. Sigh.

Disclaimer: my project to develop a truly decentralized, instant, microtransaction altcoin, and achieving widespread adoption also incorporates the features targeted by Peertracks except without the Notes, but my projects runs the gamut from games to collaborating on graphic arts and business documents. We have already chosen a name for the project, and I am confident it is the best name seen yet in our crypto arena. The name implies music distribution but it also implies collaboration on anything not just music.

P.S. Some people have sent me private messages asking me how they can find out about what I am working on. Even there won't be an ANN on Bitcointalk, I am sure you will hear about it if I am successful with my goals. I am not currently seeking any investment nor am I offering favoritism on who will learn about it first. Note there won't be a ninjamine, but it won't help you mine it more efficiently by being early because we won't turn on the mining until we have enough users so that mining is a fair launch. Also the mining will be highly unprofitable for everyone, because you will competing against 1000s of users who are mining at a loss. And you won't be able to speed up the miner on a GPU. And the miner will already be highly optimized for the CPU.

https://bitcointalksearch.org/topic/m.12619507

maybe because of that

EDIT :

also this
Vitalik Buterin via Google+1 year ago  -  Shared publicly
 
What a real "premine scam" looks like:

http://da-data.blogspot.co.id/2014/08/minting-money-with-monero-and-cpu.html

I reset the poll, because I added Vanillacoin and Iota.

Why are people voting Monero as a scam? Do they think some whales mined most of the tokens?

Monero has real End-to-End principle anonymity features (although IP obfuscation relies on the reliability of mixnets Tor/I2P which are not End-to-End principled thus anonymity remains dubious and arguable, c.f. the "Thoughts on Zcash?" thread). It is not hype. It has real users. I own no Monero, but I am perplexed. Are those just competitors illogically voting?

i think ppl should know where this poll originated or why op created this poll.

https://bitcointalk.org/index.php?topic=1391752.100;topicseen


there

Tinfoil hat much?

Did you not receive my peer review invitation PM I sent you for the paper I'm writing?