Topic: rpietila Altcoin Observer - page 16. (Read 387519 times)

I think they have some promise too. They might soak up a lot of altcoin volume.

Counterparty is real business.

Could they speed up confirmation times?

Counterparty is too slow. It's not smart to use  btc's blockchain either way....BTC will eventually fall (to other cryptocurrencies), and so will the coins tied with it.

http://counterparty.io/news/counterparty-recreates-ethereums-smart-contract-platform-on-bitcoin/

basically counterparty and bitcoin can do most of ethereums stuff on the btc blockchain

counterparty is getting serious

But they are not. That post made it sound not only that is happens but that it happens often. Besides in a wild imagination, where are these bars/taxis/etc.? Stop trying to pump it with stupid lies. I would be amazed if even 2% of all the taxi drivers in Bucharest ever heard of bitcoin not to mention accepting it, and now you're saying that some casually accept shitcoins?

I believe ripple labs rewarded users XRP for joining their World community grid team on their computing for good project some months ago (now defunct)
Nowadays you have curecoin as mentioned above, as well as foldingcoin


There also exists gridcoin, solarcoin and primecoin offering some sustainable and "useful" purpose to the PoW function.
 

Hi Equipoise,

do you mean something like Curecoin?

You get awarded Curecoins for participating at the Folding@Home project (Protein Folding).

I did this for a while but then XMR came along and I switched over my miners.

Scammed how? The thread is just a description of what some guys have done with Pandacoin and Dogecoi  just information. Anyone into crypto ought be exited it is actually being used.  To my mind, someone buying a beer in downmarket Romanian bar with an alt is more important than endless chart analysis and mental wanking off.

Yes. Poramin developed Vertcoin back in January. SX addresses were first implemented in Vert in the summer.

Also Poramin studied under Matthew Green (zerocoin project) at John Hopkins. So there is a connection in that regard. There was a debate early on within vert as to whether to go the anonymous route (zerocash) or  sx address route, with the latter winning out. So again, there is a connection.

The only thing in question is if that is indeed him or not (could be an impersonator), people are waiting for him to reply back under his established usernames. If it is indeed him then you can consider the claim credible. But people are skeptical that its him at this point.

Edit: He just confirmed its him under his established account.

That's actually not a strong argument. Everyone can say that he/she lives somewhere and claim that there is nothing.

I'm not any coin supporter, just saying

Who ever believes you/them, deserves to be scammed. I live there and I know it's not used.

I was donating my free CPU power on distributed computing projects like World Community Grid using Boinc about 7 years before I became interested in Bitcoin second half of 2013. I could think of many problems using for example biological research computational problems for proof of work (like who is giving the tasks - centralization, comparison between tasks difficulty - someone get easier tasks, ...) and I'm sure there were some good discussions on those problems. Is there any active research on it? Could someone point me to such discussions and/or research? It would be great if you could mine to secure the network and at the same time find solutions to science problems. There are a lot of NP-hard computational problems in science which are not expected to be efficiently solvable even on a quantum computer. If the people are payed to "mine" for the answers this could contribute to the science progress a lot and give the answers to many questions (to cure diseases, study global warming, ...). I would gladly give such a cryptocurrency my computing power. There is something wrong with this meaningless hashes used for mining and I hope a solution is possible to replace them with meaningful tasks instead. I just saw the Bitcoin Utopia Boinc project, but it's completely different - it is donating 90% of your mining income for science projects, take 10% fee (lol) and you don't get anything in return.

Look at this:  https://bitcointalksearch.org/topic/crypto-currencies-youve-actually-used-846866

While you all are throwing math and charts around little Pandacoin looks like it has quietly become the first crypto with real world use.  Who would have guessed? LOL.   I'm a Panda supporter but had no idea it was being used for more than buying beef jerky or mugs, etc.

https://www.lightbluetouchpaper.org/2014/10/26/nikka-digital-strongbox-crypto-as-service/
Maybe this new project could provide help with trustless parameter generation.

ZeroCash is fast and has tx small enough to actually use in a normal blockchain, however the problem is trustless generation of the accumulator and circuit parameter files. Using a non-trustless (centralized) parameters generation, you're already looking at 8 GB for parameters alone. Although no reasonable proposal for trustless generation has come forward, my guess is that trustless parameter generation would result in an even larger file. If you use centralized parameters generation, it'll always be possible for the central party to secretly spend or generate as many coins as they'd like to without anyone ever knowing, so it's a big issue.

Does anyone here care about inflation and the resiliency of community? If so, take a look at UNO.



Inflation matters.

Great summary.  I've never looked into it but kept meaning to.

Any summary on zero cash?

ZeroCoin was already implemented on the AnonCoin testnet... but there's so many issues with that implementation that it'll never be useful, I think. The signatures/tx are 128kb (and hence need to be pruned from the blockchain very quickly), verification of a single tx is measured at around 4-10 seconds (making DDoS of nodes trivial), and the distributed accumulator setup was extremely suspect. This was more or less why ZeroCoin implementations have been dead in the water.

Yeah....

I had some hopes cuz vertcoin.  But I'm not holding my breath on this one.