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Topic: rpietila Altcoin Observer - page 4. (Read 387507 times)

legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
July 27, 2015, 03:58:24 PM
I would love to see all altcoins rise in unison. Probably will have to wait until BTC makes a big move (like 2 weeks after a major BTC rise).

I would like to see al shitcoins die and the few good altcoins and BTC rise unison
that would mean the cryptoscene is maturing
legendary
Activity: 3108
Merit: 1531
yes
July 27, 2015, 02:34:53 PM
I would love to see all altcoins rise in unison. Probably will have to wait until BTC makes a big move (like 2 weeks after a major BTC rise).
full member
Activity: 150
Merit: 102
July 20, 2015, 07:17:21 PM
General observation: LTC after bubble is more and more boring (PPC, NMC follow), more and more buzz around Monero, Dash breakout but now lack of buyers... I guess XMR should rise soon. But I wonder if poloniex can handle big daily vol if Xmr will have a new solid uptrend...

polo trading engine should do just fine. It has handled big volume before including with LTC recently.  If you want more exchanges to list xmr then you should ask them to do it!
sr. member
Activity: 462
Merit: 250
July 20, 2015, 01:06:46 PM
General observation: LTC after bubble is more and more boring (PPC, NMC follow), more and more buzz around Monero, Dash breakout but now lack of buyers... I guess XMR should rise soon. But I wonder if poloniex can handle big daily vol if Xmr will have a new solid uptrend...
hero member
Activity: 518
Merit: 502
July 20, 2015, 06:06:07 AM
Whatever I have to say about your slow-motion release process and fast-motion emission curve, I still like your quirkiness, dNote.
 

Cheesy One of the reasons why  I keep an eye on it - it sure is entertaining. Wink
legendary
Activity: 2968
Merit: 1198
July 19, 2015, 06:47:45 AM
Since the first block i pointed with white rabbit and Bruce Lee and A.Huxley and W. Blake to understand that duckNote is much more serious you can think at first.
Not to concentrate on a finger.
I`ve seen this ASIC mining races, i`ve seen that gold rush in their eyes.
1-CPU-1-VOTE that is how it should be.
Cryptos is about voting, fair voting. And Free market, but not mining mining mining and ASIC-GPU-CPU-Botnet rat races and energy waste.
Have you heard about "Helicopter Ben"  Grin?

Bunch of coins on a free market, lets make it wild, lets make it natural, let them be free. 

Whatever I have to say about your slow-motion release process and fast-motion emission curve, I still like your quirkiness, dNote.
hero member
Activity: 896
Merit: 1000
July 19, 2015, 06:41:14 AM
The extremely ambitious XND development plan was released last year, under the DarkNote appellation (*looks for citation, grows lazy, gives up*).

I'm pretty sure that is incorrect correct (i.e. it happened after the duckNote->darkNote rename and after most of the fastmine was already burned out), and the first announcement of any development plans and new features such as encrypted messaging was simultaneous with the darknote launch. See for example https://bitcointalksearch.org/topic/m.8892752 . I can't find, nor do I remember, anything earlier, and I was (and am) somewhat of a fan of ducknoze's quirky marketing, so I think it is fairly likely I would remember.

My hypothesis (totally unproven, but consistent with the history and a rational analysis of motives) is that they wanted to see whether they could accumulate a huge stash of cheap coins in the first few months of fast mining before revealing anything. If unsuccessful they probably would have just launched another coin instead of the rename/roadmap.

Quote
If you do, then I'll point out that XMR's (magnificent) plan for "enterprise grade" scaling wasn't posted until almost a year after launch.

Yes the difference is that 80% of the coins (or whatever the actual number is for XDN, I don't exactly know) were not already mined.

Furthermore, the Monero project operates (and has always operated) in the open, consisted of people with established reputations (and who didn't know each other), some with real-world identities, and was always open to new participants. It was always stated transparently that the goal was to operate as a long-term open source project and develop the technology in an open-ended manner. The idea of some sort of hidden agenda where plans were withheld in order to take advantage of a cheap coins from a fastmine just doesn't pass the laugh test.

Ducknote/darknote/digitalnote, by contrast, as far as we can verify, consists of one forum nick called dNote with zero history, zero reputation, and whose actions are is entirely consistent with a manipulative scheme to accumulate the bulk of the coins before revealing any specific or significant plans (exactly the same process of disclosure used by x-coin/darkcoin, an equivalnce you seem to want to ignore). If and when the project goes bad or simply fades away (once the fastmine coins have been sufficiently pumped and dumped), the entire reputational cost of that will be one burned forum nick.

I'm really surprised that in this intensely competitive and adversarial environment, someone as astute as you doesn't seem to understand that prudent investment requires interpreting actors and actions in the least favorable light consistent with verifiable facts, and that creating actionable investment situations requires presenting things such that the least favorable light is still favorable. IMO it is clear that Monero has done this, and dNote has not.

Finally, a three month mining period is not the same as a three year mining period. Such a difference in magnitude is a difference in kind.

Quote
Rather than bitterly holding grudges

There is no grudge and I don't really care what dNote does. However, this is a thread for discussing altcoins and specifically altcoin investments an in objective manner, so I'm going to comment on process and incentives, which IMO make dNote (and any other coin operating in that model) an unfavorable and unattractive investment story.

Short term speculation, who knows. If anything pump-and-dump coins can be excellent speculation plays if you can time your own trades to front run what you think the insiders are going to do (difficult, but not necessarily impossible). I think rpietila made this observation about Bytecoin fairly recently

EDIT: First, I misread your post as stating that the roadmap was under duckNote, but I corrected that above. I've now reviewed 100% of dNote's posts prior to the rename and found no evidence of a roadmap prior to the duckNote->darkNote rename. Further, I reviewed the state of the duckNote web site prior on archive.org immediately prior to the rename and found only this roadmap, which shows little to nothing of substance.

Quote from: old ducknote web site
1. Improve High Level API

2. Implement GUI wallets

3. duckNote payment services

4. duckNote payment modules

5. duckNotej development

6. duckNote mobile wallet development

7. Community support

8. Media support

Since the first block i pointed with white rabbit and Bruce Lee and A.Huxley and W. Blake to understand that duckNote is much more serious you can think at first.
Not to concentrate on a finger. http://archive.ducknote.cc/
I`ve seen this ASIC mining races, i`ve seen that gold rush in their eyes.
1-CPU-1-VOTE that is how it should be.
Cryptos is about voting, fair voting. And Free market, but not mining mining mining and ASIC-GPU-CPU-Botnet rat races and energy waste.
Have you heard about "Helicopter Ben"  Grin?

Bunch of coins on a free market, lets make it wild, lets make it natural, let them be free.  


@smooth your opinion of DigitalNote XDN formerly known as DarkNote XDN, formerly known as duckNote XDN is completely wrong, and you know that. Also you do interested in it, just a bit, i think Smiley

Speaking as a developer, i can say that XMR has a comparatively slow development and XMR has much less features and improvements than XDN, that is just a fact, please,  don`t let me count it, you will be upset. 

And i will end here with a quote for you again, to understand my point:



 
Quote
  I must Create a System, or be enslav'd by another Man's; I will not Reason and Compare: my business is to Create.

William Blake


legendary
Activity: 1750
Merit: 1005
July 19, 2015, 06:31:07 AM
I don't know if this has been shared in this thread already or not, and if it has I apologize for bumping it.
Cyber.fund has rated basically every crypto-currency excising. It can be found here: http://dev.cyber.fund/?utm_source=newsletter&utm_medium=blog&utm_campaign=8
What do you you think about it? In my opinion it's spot on.
A rating without reasoning isn´t a rating in my eyes.
https://forum.safenetwork.io/uploads/db7405/1427/89f0ab883e3d2bd1.png
Here you go, a 79 pages slideshow. It's from earlier this year though so maybe not fully up to date. ^^ That's slide 21. http://cyber.fund/cyberep
Maidsafe and Bitshares listed as anonymous is almost as funny as Ripple getting the highest rating on decentralization.
I think it got the lowest? Most everything about that list is... well, let's say biased.

I just read the slide. He's quite right on Bitcoin, BitShares, Nxt and Ethereum thought.
I guess he didn't study all of the cryptos he puts a rating on.
Anyway, is there anyone in the world able to follow objectively all the cryptos ?

I think nobody can objectively follow all the different cryptocurrencies!
legendary
Activity: 2142
Merit: 1131
July 19, 2015, 06:28:10 AM
I don't know if this has been shared in this thread already or not, and if it has I apologize for bumping it.
Cyber.fund has rated basically every crypto-currency excising. It can be found here: http://dev.cyber.fund/?utm_source=newsletter&utm_medium=blog&utm_campaign=8
What do you you think about it? In my opinion it's spot on.
A rating without reasoning isn´t a rating in my eyes.
https://forum.safenetwork.io/uploads/db7405/1427/89f0ab883e3d2bd1.png
Here you go, a 79 pages slideshow. It's from earlier this year though so maybe not fully up to date. ^^ That's slide 21. http://cyber.fund/cyberep
Maidsafe and Bitshares listed as anonymous is almost as funny as Ripple getting the highest rating on decentralization.
I think it got the lowest? Most everything about that list is... well, let's say biased.

I just read the slide. He's quite right on Bitcoin, BitShares, Nxt and Ethereum thought.
I guess he didn't study all of the cryptos he puts a rating on.
Anyway, is there anyone in the world able to follow objectively all the cryptos ?
hero member
Activity: 896
Merit: 1000
July 19, 2015, 06:26:11 AM
I agree with you that fastmine is subjective, but I also think there is something deceptive about mining out most of the coin and then renaming and releasing development plans. It's essentially a premine or instamine that happens in public, really not a lot different from x-code/dark/dash, where Evan instamined a huge portion of the supply with secret plans and then released development plans and a rename (although it happened over a few months instead of a few days)

The only defense against that sort of premine/instamine strategy is to mine (or buy) and hold every single newly released clone coin, in case it turns into something else later, which I view as pretty absurd, and probably makes one more susceptible to being scammed by quick-pump-and-dump coins.

A normal period of relative maturity for a coin or any open source project is a period of years. Mining over that sort of period so there is plentiful supply while people can independently and objectively evaluate what is being done and where it going is pretty reasonable, without needing to get into whether 5 or 10 or 15 or 50 years is the right number. A few months (or hours/days) is not.

It is far too early in the history of e-cash to start huffily declaring what is or isn't a "normal period of relative maturity for a coin."

Noobs will always cry "zomg insta/fast/ninja-mine" because they missed out.  You know this.  And you also know the market will decide.

The DuckNote brand was obviously inspired by Dogecoin's enormous success in making a fun, inclusive, lighthearted, less toxic, less Serious Nerd Business alternative to Bitcoin.  People complain that "Monero" is a stupid name too...and they also whine about XMR emission being too slow/fast/eternal/hot/cold/tepid/not Just Right/etc.

The extremely ambitious XND development plan was released last year, under the DarkNote appellation (*looks for citation, grows lazy, gives up*).

We all had plenty of time to buy and/or mine during the PoW phase.  I will however, admit being somewhat uncomfortable with the surprise shift to PoS, which IMO violates the social contract (and I said so at the time).  But whatever, it's dNotes pet/hobby project and he can do what he wants with it.

You don't seriously expect the a coin's devs to (necessarily) know, much less announce, their roadmap at their coin's launch, do you?

If you do, then I'll point out that XMR's (magnificent) plan for "enterprise grade" scaling wasn't posted until almost a year after launch.

(OMG, how was that fair to all the people who missed their chance to buy cheap land on Monero Mountain??11!??!!1!)

So what if dNote teased us about the Golden Ampersand Bug?  It's unbecoming to punch down instead of up.  Rather than bitterly holding grudges, let's incorporate private messaging into Monero.  That'll show'em!   Cool


PS Thx for the explanation of tail-end emission w/r/t 64bit address space!   Smiley

Sir, i would like to correct you.
DigitalNote is not a PoS. And Not a PoW/PoS Hybrid now.

It is a pure Proof-of-work cryptocurrency with bank alike blockchain based deposits. But there is NO "mining" function in deposits.
So there is no "violation of the social contract". XDN is a proof-of-work cryptocurrency.

We are working on future Proof-of-activity implementation, based on XDN deposits, but not proof-of-stake.
legendary
Activity: 2968
Merit: 1198
July 16, 2015, 06:11:46 PM
The extremely ambitious XND development plan was released last year, under the DarkNote appellation (*looks for citation, grows lazy, gives up*).

I'm pretty sure that is incorrect correct (i.e. it happened after the duckNote->darkNote rename and after most of the fastmine was already burned out), and the first announcement of any development plans and new features such as encrypted messaging was simultaneous with the darknote launch. See for example https://bitcointalksearch.org/topic/m.8892752 . I can't find, nor do I remember, anything earlier, and I was (and am) somewhat of a fan of ducknoze's quirky marketing, so I think it is fairly likely I would remember.

My hypothesis (totally unproven, but consistent with the history and a rational analysis of motives) is that they wanted to see whether they could accumulate a huge stash of cheap coins in the first few months of fast mining before revealing anything. If unsuccessful they probably would have just launched another coin instead of the rename/roadmap.

Quote
If you do, then I'll point out that XMR's (magnificent) plan for "enterprise grade" scaling wasn't posted until almost a year after launch.

Yes the difference is that 80% of the coins (or whatever the actual number is for XDN, I don't exactly know) were not already mined.

Furthermore, the Monero project operates (and has always operated) in the open, consisted of people with established reputations (and who didn't know each other), some with real-world identities, and was always open to new participants. It was always stated transparently that the goal was to operate as a long-term open source project and develop the technology in an open-ended manner. The idea of some sort of hidden agenda where plans were withheld in order to take advantage of a cheap coins from a fastmine just doesn't pass the laugh test.

Ducknote/darknote/digitalnote, by contrast, as far as we can verify, consists of one forum nick called dNote with zero history, zero reputation, and whose actions are is entirely consistent with a manipulative scheme to accumulate the bulk of the coins before revealing any specific or significant plans (exactly the same process of disclosure used by x-coin/darkcoin, an equivalnce you seem to want to ignore). If and when the project goes bad or simply fades away (once the fastmine coins have been sufficiently pumped and dumped), the entire reputational cost of that will be one burned forum nick.

I'm really surprised that in this intensely competitive and adversarial environment, someone as astute as you doesn't seem to understand that prudent investment requires interpreting actors and actions in the least favorable light consistent with verifiable facts, and that creating actionable investment situations requires presenting things such that the least favorable light is still favorable. IMO it is clear that Monero has done this, and dNote has not.

Finally, a three month mining period is not the same as a three year mining period. Such a difference in magnitude is a difference in kind.

Quote
Rather than bitterly holding grudges

There is no grudge and I don't really care what dNote does. However, this is a thread for discussing altcoins and specifically altcoin investments an in objective manner, so I'm going to comment on process and incentives, which IMO make dNote (and any other coin operating in that model) an unfavorable and unattractive investment story.

Short term speculation, who knows. If anything pump-and-dump coins can be excellent speculation plays if you can time your own trades to front run what you think the insiders are going to do (difficult, but not necessarily impossible). I think rpietila made this observation about Bytecoin fairly recently

EDIT: First, I misread your post as stating that the roadmap was under duckNote, but I corrected that above. I've now reviewed 100% of dNote's posts prior to the rename and found no evidence of a roadmap prior to the duckNote->darkNote rename. Further, I reviewed the state of the duckNote web site prior on archive.org immediately prior to the rename and found only this roadmap, which shows little to nothing of substance.

Quote from: old ducknote web site
1. Improve High Level API

2. Implement GUI wallets

3. duckNote payment services

4. duckNote payment modules

5. duckNotej development

6. duckNote mobile wallet development

7. Community support

8. Media support
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
July 16, 2015, 06:00:07 PM
I agree with you that fastmine is subjective, but I also think there is something deceptive about mining out most of the coin and then renaming and releasing development plans. It's essentially a premine or instamine that happens in public, really not a lot different from x-code/dark/dash, where Evan instamined a huge portion of the supply with secret plans and then released development plans and a rename (although it happened over a few months instead of a few days)

The only defense against that sort of premine/instamine strategy is to mine (or buy) and hold every single newly released clone coin, in case it turns into something else later, which I view as pretty absurd, and probably makes one more susceptible to being scammed by quick-pump-and-dump coins.

A normal period of relative maturity for a coin or any open source project is a period of years. Mining over that sort of period so there is plentiful supply while people can independently and objectively evaluate what is being done and where it going is pretty reasonable, without needing to get into whether 5 or 10 or 15 or 50 years is the right number. A few months (or hours/days) is not.

It is far too early in the history of e-cash to start huffily declaring what is or isn't a "normal period of relative maturity for a coin."

Noobs will always cry "zomg insta/fast/ninja-mine" because they missed out.  You know this.  And you also know the market will decide.

The DuckNote brand was obviously inspired by Dogecoin's enormous success in making a fun, inclusive, lighthearted, less toxic, less Serious Nerd Business alternative to Bitcoin.  People complain that "Monero" is a stupid name too...and they also whine about XMR emission being too slow/fast/eternal/hot/cold/tepid/not Just Right/etc.

The extremely ambitious XND development plan was released last year, under the DarkNote appellation (*looks for citation, grows lazy, gives up*).

We all had plenty of time to buy and/or mine during the PoW phase.  I will however, admit being somewhat uncomfortable with the surprise shift to PoS, which IMO violates the social contract (and I said so at the time).  But whatever, it's dNotes pet/hobby project and he can do what he wants with it.

You don't seriously expect the a coin's devs to (necessarily) know, much less announce, their roadmap at their coin's launch, do you?

If you do, then I'll point out that XMR's (magnificent) plan for "enterprise grade" scaling wasn't posted until almost a year after launch.

(OMG, how was that fair to all the people who missed their chance to buy cheap land on Monero Mountain??11!??!!1!)

So what if dNote teased us about the Golden Ampersand Bug?  It's unbecoming to punch down instead of up.  Rather than bitterly holding grudges, let's incorporate private messaging into Monero.  That'll show'em!   Cool


PS Thx for the explanation of tail-end emission w/r/t 64bit address space!   Smiley
legendary
Activity: 2968
Merit: 1198
July 16, 2015, 04:39:18 PM

Most readers are probably not aware that Monero is the clear leader in this space or be aware of the ducknote fastmine.

Monero supporters should use the comment section to educate readers and direct them to resources to learn more

AFAIK, XDN's actual emission has always comported with the theoretical/algorithmic.

"Fastmine" is a uselessly subjective, needlessly pejorative term.  No one was stopping you from fastmining XDN and/or buying it when it was dirt cheap.  Compared to BBR, XMR was fastmined... Tongue

I agree with you that fastmine is subjective, but I also think there is something deceptive about mining out most of the coin and then renaming and releasing development plans. It's essentially a premine or instamine that happens in public, really not a lot different from x-code/dark/dash, where Evan instamined a huge portion of the supply with secret plans and then released development plans and a rename (although it happened over a few months instead of a few days)

The only defense against that sort of premine/instamine strategy is to mine (or buy) and hold every single newly released clone coin, in case it turns into something else later, which I view as pretty absurd, and probably makes one more susceptible to being scammed by quick-pump-and-dump coins.

A normal period of relative maturity for a coin or any open source project is a period of years. Mining over that sort of period so there is plentiful supply while people can independently and objectively evaluate what is being done and where it going is pretty reasonable, without needing to get into whether 5 or 10 or 15 or 50 years is the right number. A few months (or hours/days) is not.

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
July 16, 2015, 03:18:28 PM

Most readers are probably not aware that Monero is the clear leader in this space or be aware of the ducknote fastmine.

Monero supporters should use the comment section to educate readers and direct them to resources to learn more

AFAIK, XDN's actual emission has always comported with the theoretical/algorithmic.

"Fastmine" is a uselessly subjective, needlessly pejorative term.  No one was stopping you from fastmining XDN and/or buying it when it was dirt cheap.  Compared to BBR, XMR was fastmined... Tongue

Monero doesn't offer (among other unique features) XDN's private/secure/untraceable messaging functionality, so IDK from where you're getting the "leader in this space" assertion.

Let's welcome XDN as the PoS/PoW hybrid Peercoin to Monero's pure PoW Bitcoin.  Being catty and jealous makes us look like Dashcoin's cargo cultists.   Grin
legendary
Activity: 2968
Merit: 1198
July 16, 2015, 02:43:12 PM

Maidsafe and Bitshares listed as anonymous is almost as funny as Ripple getting the highest rating on decentralization.

in which way is MaidSafe not enough anonymous?

I don't know anything about MaidSafe but Bitshares is certainly not anonymous. It has stealth addresses which by themselves are just equivalent to Bitcoin without reusing addresses. There is no mechanism to prevent tracing or blockchain analysis. This was stated by their lead developer on their own forum when it was discussed.

hero member
Activity: 644
Merit: 500
July 16, 2015, 02:30:49 PM
I don't know if this has been shared in this thread already or not, and if it has I apologize for bumping it.

Cyber.fund has rated basically every crypto-currency excising. It can be found here: http://dev.cyber.fund/?utm_source=newsletter&utm_medium=blog&utm_campaign=8

What do you you think about it? In my opinion it's spot on.

Is it up to date?
Don't think it is.
How about www.coingecko.com ?

Yes it's up to date. Coingecko seems to rate coins after reddit followers, liquidity and media attention.
legendary
Activity: 3766
Merit: 5146
Whimsical Pants
July 16, 2015, 01:15:04 PM
That is quite a coup for Ducknote.  And not bad for Cryptonote in general...
pa
hero member
Activity: 528
Merit: 501
July 16, 2015, 12:10:34 PM
legendary
Activity: 1750
Merit: 1005
July 16, 2015, 08:00:43 AM
I don't know if this has been shared in this thread already or not, and if it has I apologize for bumping it.

Cyber.fund has rated basically every crypto-currency excising. It can be found here: http://dev.cyber.fund/?utm_source=newsletter&utm_medium=blog&utm_campaign=8

What do you you think about it? In my opinion it's spot on.

Is it up to date?
Don't think it is.
How about www.coingecko.com ?
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
July 16, 2015, 07:52:46 AM
Bytemaster's rating is a 1-7 scale with 7 being the most decentralised in his opinion.

Tried to hit the link on the slide show and a search, but nothing came up for the rating system. At least he got that part right. Of course that leads to more questions.  Roll Eyes


Maidsafe and Bitshares listed as anonymous is almost as funny as Ripple getting the highest rating on decentralization.

in which way is MaidSafe not enough anonymous?

I was talking about money, but here: https://bitcointalksearch.org/topic/m.9690423
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