Topic: POLL - which coins are scams as defined in the OP? - page 3. (Read 11787 times)

You overestimate my abilities.

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Dapp Koolaid:

Lol. I think CfB was pulling a Mark Twain on me.

He must have meant that it could be just a coincidence and that I didn't really read that article before making the post yesterday. Clever way of insinuating that I might not have been clairvoyant.

Thank you, but let's leave it as is.

Worse yet, I fear that many vote for what ever they don't own. But perhaps they don't own what they think is a scam.

I think we've given a lot of explanation in this thread about which are scams and why.

There are outright fraudulent scams (e.g. Dash) and then flawed hyped ICOs (so flawed they can't even function for anything at any scale worth mentioning) which are most of the coins on the list, except not Bitcoin, Litecoin, Monero.

Some of those (e.g. Iota) might function as centralized up to the point that vested interests prevent further adoption and scaling (barring any technical reinterpretation that I failed to see coming).

I doubt that anyone will be objective with this poll and will simply put as a scamcoin all the crypto-currency that he think (or even not, most of them are parrots) to be scams.

Since he closed his thread, I mentioned here to give you a place to rebut.

Of course, he "forgot" to mention that Iota package contains the source code and unobfuscated binaries that can be reverted back into the almost original source code (different indent and different local variables).

CIYAM has alleged the possibility that Iota is designed to be a trojan horse which can take root control of your computer:

https://bitcointalksearch.org/topic/m.14220154

My point is they just decided to surely break Augur (although it was already doomed for the other reasons I enumerated). Whether the timing of my reading of that statement about the Augur beta is coincidence to the timing of my post, is not my point.

It can be just a coincidence.

Whoops:

Hello again TPTB, thanks again for the help.  I'm not the fastest learner but I'm trying.  I'll just post terse responses to chronological postings.  Let me know which of my references you would like me to post links to (because I know you are busy, and I can easily do DD for you).

It appears that overall, you are trying to form a more perfect union (with everyone), which would definitely make America great again!


No, it has it's own chain (BTS clone)


What platform isn't?


Poor performers get voted out, and are no longer permitted to form blocks. Only historically reliable block producers are allowed to mine.  It's the core feature of the "meritocracy" model:

https://www.youtube.com/watch?v=VQGlcLFhwE0#t=2m39s


Yes, if that particular artist wants to make his fans angry.
 

Good point, I read that much of the ICO went to paying for lawyers.


Not sure what you mean, please explain.


Wrong business model.  "Notes" now called "MUSE" blockchain tokens are for speculators who pay for the decentralized mining network and stand to profit if the number of transactions (fees) increases to the point that more MUSE can be burned than are created on the blockchain.

Artists (not just musicians) make "coins" for their fans that can be redeemed for front row seats, back stage passes, limited edition swag, etc.  

This project is still in the early stages however:

Fan side vid:
https://youtu.be/aQM4P7uFgk4

Artist side vid:
https://youtu.be/yWOUJehIfJc


Great, let us know when it is liquid, but until then, I must deploy my capital.


I don't know an iota about IOTA, but those who are crying because the IOTA IPO did not have enough positive spam should never post again.  There is already enough spam around here, and besides, here's what you said when you had the chance to purchase IOTA:

(first post in the IOTA ICO thread)

So, tell me exactly, who made it hard to learn about the IOTA ICO again (when you had the chance)?

answer: those who cried "scam"

All top POS coins have been distributed through some type of ICO.


I declared bankrutcy multiple times, so come on now, your mistakes can't be all that bad


Amen brother, let's make America great again!


Who cares about corporations in 2016 son?  They are the apex of "centralization" and survive today only on free fiat handouts from the money printers.

Corporate buybacks are the only thing proping up the market.

And where exactly do they get the money to buy back their own stock?

Bond sales to the ECB, etc. So now that the global stock market valuations are connected directly into the fiat printing press, it's mission accomplished.  

The corporate snake eating its tail is the definition of unsustainability.

Let me know if you want links.

Welcome to the decentralized future where the individuals (aka owners) decide the global standard.  If the people did not chose bitcoin to be the standard unit of crypto value, then who did?  The corporations? lol!


Paying for R&D has been standard buiness prectice for centuries, what's the problem?

Maybe they come up with something, maybe they don't.  Nobody is requiring you to invest.


Some IPO/ICO coins have "sustained" (a large market cap) a position among the most successful cryptos on the planet:

#2. Ethereum POS/IPO
#5. Maidsafe POS
#8. Factom POS/IPO
#9. Bitshares POS/IPO

OK, so it appears that we have progressed no further, but at least we did shorten the 2 points in the following quote down to their essence:

1. no existing crypto is perfectly decentralized but no coins get doublespent
2. IPO = R&D, not scam

(thanks in advance to anyone who can answer the highlighted question at the bottom)

You don't seem to understand the failure caused by vested interests (case in point: Bitcoin's scalepocalypse) which makes your $billion adoption market implausible, which was the reason we needed decentralization. Case in point: Apple Pay's inability to scale because it competes against other vested interests.

Market caps are not adoption valuation. They are greater fool illusions, especially when one can't even calculate a P/E ratio in the case of crypto trash. When five MAD men carrying box cutters and riding camels buy ETH from themselves to create the illusion of a $billion market cap, I know crypto has turned into a cess pool going no where.

The only way to have an external data feed that is not binary is to delegate to a centralized source, because even if we use reputation (or stake deposits) to prevent Sybil attacks and take a vote, the problem is that such a vote only surely converges to a majority outcome if the choices are only binary (e.g yes or no). Otherwise we can get forks which disagree on the consensus choice.

So conceptually an Augur-like prediction market could work if the bet outcomes are binary. But this reputation consensus has to be integrated with the block chain consensus and can't be orthogonal to it. Augur's mistake is building a reputation consensus on top of Ethereum's separate (but not orthgonal!) consensus protocol, which thus destroys the Nash equilibrium and creates a Prisoner's dilemma over which is the consensus choice.

But an additional problem, is that reputation systems are a power vacuum that ultimately centralize to a winner-take-all due to the Iron Law of Political Economics.

And the flaws of proof-of-stake have been enumerated.

I'd be interested in seeing a proof-of-work consensus for binary outcome predication bets. But that will have serious problems if the binary outcomes are not objectively clear to all miners.

This even applies to the Internet of Things as you (or a hacker or the manufacturer) can program your things to lie, correct?

I was thinking on how to defend autonomous cars from hackers and thought a decentralized consensus network offered the best chance of secure/safe driving, but reading your posts, makes me think that it will either be a state system or off-ramped to a corporate system, but it can't be decentralized because the blockchain can only verify its chain in a decentralized manner--hope I'm reading this aspect correctly.

Oh, you are here too. You seem to be a rather impatient fellow.