Topic: rpietila Altcoin Observer - page 121. (Read 387551 times)

Echoed. The community would do very well to learn from your independent thinking and heed your analyses.

Thank you for standing stalwartly and helping the community in your own away, sir.

For different individuals, perhaps some forms of contribution are more efficient than others e.g. action over posting on a forum, in AnonyMint's case.

I think FIAT will still exists pretty much forever as in as long as we have governments, because fiats inherent to goverments, but people is free to put 50% in BTC and 50% in FIAT, duality is everything under uncertain situations.

Why do you think you should stay out of this discussion or any other? I appreciate your posts, however it would be nice if you put forth your ideas for a cryptocurrency that can scale, so that we can begin to put those ideas into code and even into Moneo itself.

Even the best intentions can be caustic towards scaling. Rpietila believes in a top-down world organized by power-law distribution of capital. His group grew the cryptocrypt forum to 400 members in several months specifically around this model for the world. Hope he can scale Monero to more than 400 users in several months.

Selling crypto-currency to speculators here on this forum is only a small part of scaling a money for the world. It is not a totally unimportant aspect, but it is not sufficient by itself.

I will refrain from posting in this thread. Someone messaged me to read the "Monero Jesus" comment.

As far as I know, Risto is a very upstanding member of society and believes he is doing his best to better mankind. I do not disparage his intentions. He is also my friend before, but the situation might be (?) a bit strained at the moment, because I know programming and market scaling to non-investor markets. So we will not naturally necessarily see each other's viewpoint at this time. Although I can't say we've had any arguments lately. And I did not come to his thread to end up in fight. I simply wanted to analyze the factual situation of the altcoins as best I can from my knowledge and perspective.

I do think I should stay out this discussion now. I do wish everyone the best, including all the developers of the various coins.

God bless all of you.

Risto Pietila, in my experience and recollection of him the past two years, has always stood to be a character of utmost integrity in my eyes, for what it's worth. While "Jesus" can be interpreted or perceived as dogmatic, Mr. Pietila is a pretty swell guy and to my limited knowledge, acts in his communities' best interests, i.e. I've never witnessed him misleadingly manipulate others but rather uses the gifts the Universe has given him to do what he does best for some ideal of "better".

I propose to call rpietila: "Monero Jesus".

Because:

- it's: good, cheap marketing - every journalist and average citizen understands

- builds on "Bitcoin Jesus" good image/awareness level/fame

- the "Jesus"-connection helps people to understand what Monero is (a Crypto-Currency, that is a "good/noteworthy" successor/alternative to Bitcoin) & gets them intrested

- rpietila earned "the title"/some recognition for his good, hard and comprehensive for XMR

- he is also a great choice IMHO, because I think we would represent the coin and community very well and act/work adequate and professional with journalists/PR people/industry professionals/... or whoever want to get in contact with the Monero community or relevant individuals
(he is a good choice, because he is not nerdy, has a solid proven Bitcoin track record, is trusted and respected and gives analytic, justified, honest opinions, ...)

- let's have good (lead) Monero Evangelist, chosen by us (the community), now - before some lame bad actors declare themselves to Monero experts and harm the coin with lame interviews or bad TV appearance ...


Discuss!!!??!?!?!?

^efficiency is the name of the game. More specifically, efficient channeling of knowledge - gathering and distribution of it. And it's even ecologically desirable .

EDIT: would be nice if "fair price" and corruption are defined in terms of entropy production rate and excess of it  
Then, i suppose that corruption would be measurable (under some circumstances) by price increase from the fair one. But i may be wrong  

+1.

If you would do this (and do it good), in 3 months you would be as famous as me!

Does anyone actually maintain an alt-coin index that provides some detail content on the top 20 alt coins. Things like:

developer strength - not just number of posts but strength of the individuals and past accomplishments, commitment level
technology factors - not just a guess but some details
momentum indicators - volume, coins mined per day, hash rate, hashrate moving averages, new media links per week/month
Scam indicator - premine, scammy founders, copied technology, pump and dump precedent
Mining method and future

Just too much information and too distributed, and for the average crytpo speculator it seems impossible to do anything but guess right now.

I agree wholeheartedly. Well said.

Panem et Circensus

Generally, cannot escape the feeling that strongest effect of many altcoins is just blunting, and will not probably change for a while as it achieves something for more than one particular interest.

You refer to old and discredited FUD about XC.

- XC does not use Github for development. Dan temporarily put some early XC code into Github to refute FUD-claims that it was a Fedora clone. The code was subjected to peer review, clearing the allegations, and then deleted.

- XC open-sources its code on a delayed timeline. Recently XC released its Rev 1 mixer.

- XC's Team have made their identities public and thus put their reputations at stake. If you think they're shady, you'll need to substantiate your view, because the evidence here is to the contrary.

- Cachecoin is a project of Jasinlee's, and Jasin is an XC developer. Cachecoin is in active development, none of the premine has been dumped there is no premine, and its future concerns PoBC, which is part of how XC will run on mobile phones.

- XC's ATM integration is not related to hiring anyone. The first two members of the incipient XC Foundation are involved in ATMs. As they're Foundation members they're not being paid. So that part of your statement is ill-informed conjecture.

- XC's premine is necessary to fund sustained development. You're welcome to disagree, but I fail to see how it constitutes something suspicious.
    (a) It can't be spent unaccountably, since people are always watching it.
    (b) It's more candid than an instamine and
    (c) it doesn't require taking other people's money upfront like an IPO.
    I'm open to discussion on this last point, but I don't think that it can be used to substantiate claims of XC being suspicious without substantial further argument as to why this might be the case.

- Lastly I cannot comment on KeyCoin's legitimacy, other than to note my public annoyance at their frequent omission of the fact that they're using last-gen XC tech.

You are the perfect example of a newbie fish.

- XC had 2 mayor pumps in his existence orchestrerend by 2 different party's. Non had Dan involved.

Ill update this post with referral links that contain proof to this once I get home

I can confirm that KeyCoin uses XC's Rev 1 mixer. It is a non-trustless mixer and, for XC, is last-gen tech.

XC made its code open-source as per its stance on open sourcing code:


Q:  Is XCopen sourced? 

A:  XC is committed to the open source model. Open source code is vital for the health and advancement of cryptographic technologies, and it is a privilege to share our technical breakthroughs with a community such as this. We believe that XC's code embodies several world-firsts enabling anonymity that is scalable, mobile-friendly, POS-integrated, and is ultimately a platform upon which a broad range of Blockchain 2.0 technologies will be built.

However people’s faith in cryptocurrency projects is significantly hindered by clones. Therefore we believe that the ethical way to engage with the community is to make our code available on a delayed timeline. This way, the community will still benefit from our work, while we'd reduce the incentive for developers to flood the marketplace with clones that lack a long term future and reduce the trustworthiness of the altcoin phenomenon. XC represents several market-leading innovations, and we are honoured to make these available to the community in the near future.

I am also in favor of the daily inflation method. This puts XMR at 2.5% of BTC, which is huge.

Bitshares is in no way anonymous, they simply use stealth addresses which has absolutely no effect on blockchain analysis.

great thread guys. love seeing the back and forth between AnonyMint and the cryptonote folks.

i was hoping y'all could take a look at bitshares x (titan) and give some opinions.
they are the second most popular anon coin out right now with a  $20,300,317 market cap. they seem to solve the visa level scalability issues that keeps getting brought up as well as solving a lot of the problems with pos with their new dpos.

Delegated Proof of Stake - Let's Talk Bitcoin Episode 129
https://www.youtube.com/watch?v=SdBpoRLmrbA&list=WL#t=726

http://wiki.bitshares.org/index.php/TITAN
https://www.youtube.com/watch?v=MDvXZMQNnhE

Okay but then you have decide how much BTC you think is going to flow in. I happen to think 22 BTC/day is a lot.

Exactly. This could could entirely disappear well before 5 years.

That doesn't mean it will necessarily be worth $25M then, it just means what it will be worth given no change in price in the next five years.

If the coin is successful then sure it could easily be worth $25M -- or more -- but that would have to include the price going up.

Does this coin have say a 10% chance to be worth $250 million (or $1 billion fully mined) in five years? I don't think so. Not yet.

Not really. 5 years timescale is huge in altcoin terms. Even 2 years ago there were hardly any alternatives to BTC.  70% of the top 20 coins ( most over $5m) are a matter of months, rather than years old.