What was this a response to? Was it to Valitik ethereum guy? Where's it at?
response to vitalik http://da-data.blogspot.com/2014/08/minting-money-with-monero-and-cpu.html
Topic: rpietila Altcoin Observer - page 56. (Read 387552 times)
response to vitalik http://da-data.blogspot.com/2014/08/minting-money-with-monero-and-cpu.html
What was this a response to? Was it to Valitik ethereum guy? Where's it at?
I was thinking if it is too early to tell that we are having a closer cooperation with David, who will be situated in my castle, but then I realized that he has already disclosed it in his CV, so it is definitely OK.
I was thinking if it is too modest of a resume, telling only about English and Office skills, but then I realized that I also don't have much more to put on my resume, which I don't even have, and neither does the critic, so it is definitely OK.
I was thinking if it is too modest of a resume, telling only about English and Office skills, but then I realized that I also don't have much more to put on my resume, which I don't even have, and neither does the critic, so it is definitely OK.
Risto with all due respect, you completely misunderstand my experience and why it matters.
Since 1983, I have been developing commercially successful client software. Each time I was the first to do something that spread around the world. I did WordUp in the mid-1980s which was one of the first WYSIWYG full featured word processors in the world. This predated Ventura Publisher (which had many more features) and followed MacWrite (which was less featured). I was right in there launching the desktop publishing revolution that changed the world. I wrote TurboJet which was the first printer driver that leverage the RLE encoding to make printing with laser printers for multiple fonts fast.
I have been in the trenches developing 100,000 to million lines of code client software wherein I was the sole developer or one of the key developers on a small team.
What you don't realize because you are not a programmer, is that there is a huge difference between the guys who do that fluffy stuff on his CV and the guys who've proven themselves in the trenches.
This is all cool man. But where is your coin so I can buy it? If the choice is Monero, Bitcoin or Cash what do I do? Go buy WordUp?
You're smart as hell and as puzzling as hell too.
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Also I am aware dga has a masters in computer science and he did the work on improving the PoW code. He seems fairly knowledgeable, but again I don't know if he has been in the trenches developing commercially successful client software. And in my case, successfully marketing these too.
Didn't dga just mine the **** out of Monero and then later help/invest with boolberry after he mined some of it?
Definately worth reading DGA´s reply, kudos for that dga.
I was thinking if it is too early to tell that we are having a closer cooperation with David, who will be situated in my castle, but then I realized that he has already disclosed it in his CV, so it is definitely OK.
I was thinking if it is too modest of a resume, telling only about English and Office skills, but then I realized that I also don't have much more to put on my resume, which I don't even have, and neither does the critic, so it is definitely OK.
I was thinking if it is too modest of a resume, telling only about English and Office skills, but then I realized that I also don't have much more to put on my resume, which I don't even have, and neither does the critic, so it is definitely OK.
Risto with all due respect, you completely misunderstand my experience and why it matters.
Since 1983, I have been developing commercially successful client software. Each time I was the first to do something that spread around the world. I did WordUp in the mid-1980s which was one of the first WYSIWYG full featured word processors in the world. This predated Ventura Publisher (which had many more features) and followed MacWrite (which was less featured). I was right in there launching the desktop publishing revolution that changed the world. I wrote TurboJet which was the first printer driver that leverage the RLE encoding to make printing with laser printers for multiple fonts fast.
I have been in the trenches developing 100,000 to million lines of code client software wherein I was the sole developer or one of the key developers on a small team.
What you don't realize because you are not a programmer, is that there is a huge difference between the guys who do that fluffy stuff on his CV and the guys who've proven themselves in the trenches.
This is all cool man. But where is your coin so I can buy it? If the choice is Monero, Bitcoin or Cash what do I do? Go buy WordUp?
You're smart as hell and as puzzling as hell too.
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Also I am aware dga has a masters in computer science and he did the work on improving the PoW code. He seems fairly knowledgeable, but again I don't know if he has been in the trenches developing commercially successful client software. And in my case, successfully marketing these too.
Didn't dga just mine the **** out of Monero and then later help/invest with boolberry after he mined some of it?
I was thinking if it is too early to tell that we are having a closer cooperation with David, who will be situated in my castle, but then I realized that he has already disclosed it in his CV, so it is definitely OK.
I was thinking if it is too modest of a resume, telling only about English and Office skills, but then I realized that I also don't have much more to put on my resume, which I don't even have, and neither does the critic, so it is definitely OK.
I was thinking if it is too modest of a resume, telling only about English and Office skills, but then I realized that I also don't have much more to put on my resume, which I don't even have, and neither does the critic, so it is definitely OK.
Risto with all due respect, you completely misunderstand my experience and why it matters.
Those who've walked in my shoes know of what I speak. The rest won't probably understand the distinction.
I want to emphasize to you that there is a huge difference between the prolific coders with a record of repeated success, and those who worked as managers, bean counters, water cooler hangout specialists, public speakers, etc..
You can be easily fooled (or lulled to sleep) because you can be sold on what you can relate well to.
Since 1983 when I was 17 years old, I have been developing commercially successful client software. Each time I was the first to do something that spread around the world. I did WordUp in the mid-1980s which was one of the first WYSIWYG full featured word processors in the world. This predated Ventura Publisher (which had many more features) and followed MacWrite (which was less featured). I was right in there launching the desktop publishing revolution that changed the world. I wrote TurboJet which was the first printer driver that leverage the RLE encoding to make printing with laser printers for multiple fonts fast.
I have been in the trenches developing 30,000+ lines of code client software wherein I was the sole developer or one of the key developers on a small team.
What you don't realize because you are not a programmer, is that there is a chasm difference between the guys who do that fluffy stuff on his CV and the guys who've proven themselves in the trenches.
That doesn't mean he can't do. Just that I don't see evidence of it yet.
So I read his role is not the trenches developer and perhaps that is smooth, fluffypony, or TacoTime. I wish I could read more about their backgrounds? I have seen some technical posts about Scrypt from Tacotime long ago. So I was aware his has some programming skills.
I am aware that smooth has very astute logic. So he appears to be a trenches programmer in the way he discusses design concepts with me.
Too many cooks spoil the pot, e.g. smooth was vetoed on the perpetual debasement. Design-by-commitee can't compete with design-by-one.
Also I am aware dga has a masters (and PhD?) in computer science and he did the work on improving the PoW code. He seems fairly knowledgeable (probably highly knowledgeable in his areas of study), but again I don't know if he has been in the trenches developing commercially successful client software. And in my case, successfully marketing these too.
I've resisted your gracious offers for me to come develop at your castle, because:
1. It would waste precious time. We would talk too much. Coders need to talk less and be locked in a cave most of the time.
2. I feel you don't value of secrecy. You believe the best is to develop and be open in all aspects.
3. I feel my ideas would be taken by others and the result would thus not come to fruition, because all the focus that would come from being first would be diluted.
4. All my greatest coding successes came when I was in the Philippines. When I was in the USA, I talked or partied too much. Here is there is really not much to do, other than chase girls, eat fruit, or be on the computer.
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Ring signatures are unwound when the tax authorities require you to provide your password to justify your tax basis.
Use more than 1 wallet? Plausible deniability is such a nice toy...
That doesn't address the issue. If tax authorities require you to prove your tax basis, then you must unwind the anonymity. When you unwind it, you reduce the anonymity set for everyone that mixed with you.
It would be much better to be able to say, "okay here is my password" and the authorities still can't unwind it. I know how to design this. You then say you've kept all records and complied, but the system is too anonymous and this is not your fault. They would have to make it illegal to use the system. If we get to that stage, it will be Mad max war of the people against the government.
They would have to make it illegal to use the system. If we get to that stage, it will be Mad max war of the people against the government.-
I don't believe it will ever get to such a stage, there are easier ways to stop zerocash since its not untrustable anyway. So many people rely on a government, without one who would step up to do things? Another government.
There won't exist a world without a central authority, or something resembling it, mayble something similar to how the U.S government works with having different branches that don't hold power over the others(so it's not completely centralized).
Living in an anarchist world would be hell on earth, I don't understand how so many bitcoiners want that... It would mean no leadership at all, everyone killing each other and worse since there isn't any rules etc, we'd probably go extinct if such a thing ever happened
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It will also enable men to get back to being gentlemen who use deadly force against such.
While I totally agree with you in spirit. There are no guts left in our society. Most people are pansies. In cryptoverse when people get scammed and it should be the idea of anarchist justice - see the three major SCRYPT ASIC producers. They scammed all the litecoin people and most of them have real names and real addresses. Rather than seek justice thru legal means (AKA "Our Evil Slave Masters") or by making a visit and doing the gentleman with fists way.
The neckbeards just bawl and squawl and say somebody should do something about it.
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I do not think that under modern Western materialism we should have anarchy. I doubt whether we should have enough individual valour and spirit to even have liberty. ~ G. K. Chesterton (100ish years ago)
I have yet to see a neckbearded anarchist I would want covering my back in a scrappy situation & And I've been in a few (Scrappy situations - not neckbeards
) . Most are spoiled brats who have no clue.The idea of limited government requires people to not be pussy cowards. And a dash of self respect. And the hilariously ironic part is the people pushing the hardest for limited government are cowardly/big talking types that would never do well in that world.
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Ring signatures are unwound when the tax authorities require you to provide your password to justify your tax basis.
Use more than 1 wallet? Plausible deniability is such a nice toy...
That doesn't address the issue. If tax authorities require you to prove your tax basis, then you must unwind the anonymity. When you unwind it, you reduce the anonymity set for everyone that mixed with you.
It would be much better to be able to say, "okay here is my password" and the authorities still can't unwind it. I know how to design this. You then say you've kept all records and complied, but the system is too anonymous and this is not your fault. They would have to make it illegal to use the system. If we get to that stage, it will be Mad max war of the people against the government.
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Ring signatures are unwound when the tax authorities require you to provide your password to justify your tax basis.
Use more than 1 wallet? Plausible deniability is such a nice toy. And why password? Give them a viewkey to whatever wallet you want to have exposed. Ideally you can even password protect a wallet with different keys who then unlock whichever viewkey you want to release, like the hiddenos feature of safeguard and truecrypt.
Have you not seen the bombings that threaten cities worldwide? From the boston bombing that claimed a few lives, to ISIS taking over bases in the middle east?
The big 'T' propaganda that is designed to keep you enslaved to the State.
You have more risk of dying in a car accident or heart attack.
In the USA, one has an 800% higher probability of being killed by the police than a terrorist.
Full secrecy would allow child molesters, terrorist organizations, violent racial groups, gangs, corrupt governments(north korea), etc to grow even more without anyone being able to take them down, especially when it comes to transmitting money..
It will also enable men to get back to being gentlemen who use deadly force against such. It will enable anonymous bounties to be put on the heads of such criminals. I live in Davao which has nearly no crime, because criminals are executed along the side of the road by the Davao Death Squad. No court, no jail time, no nonsense. You are given 3 warnings to reform or leave.
That's why I do not support Zerocash. WIth Ring Signatures you can have full anonymity and still be Legal(so you're transaction history is still known by you incase of anything), while zerocash doesnt have such things.
Zerocash can't be trusted, because the money supply can't be known and the math is unvetted. Also like Ethereum it is created by academics, so will (most likely) suck.
Ring signatures are unwound if the tax authorities will require us to provide our password to justify our tax basis (my theory of the future). Ring signatures don't mix well with a fully decentralized design which can scale transactions.
I'm not really familiar with how his other projects intend to make money.
You make certain assumptions there, for which I would like to see evidence. Evidence would certainly make me much more positively disposed to James' ... projects.Assumptions that his other projects make money? I have no idea personally, but unsurprisingly he's convinced they will. So I guess I'd believe him until I see evidence other wise, the fact that people are investing millions of dollars in his projects suggests something at least.
Until recently jl777 was just a vaguely familiar name to me that was somehow related to NXT. I've only recently learned about him being responsible for creating all these assets valued at millions of dollars. That sparked my interest and from what I can tell he's created the NXT Multi Gateway which is currently in use, so at least on that end there is evidence that he's been producing something. I don't claim to know much about what he's doing, I'm just an observer with no vested financial interest giving my opinions. I honestly don't know either way and I'm just waiting to see the results of all these projects.
I guess you could boil it down to the fact that there is big money involved and apparently code as well. If it were just a bunch of money I probably wouldn't be so interested. It seems like he has a lot of work ahead of himself though.
I've always thought that any sufficiently funded team of professionals could blow Bitcoin out of the water in a short period of time. I'm surprised it hasn't happened yet to be honest. Probably still too niche.
Blow bitcoin out of the water with what? Pump and dump scams? What else could possibly motivate anyone to run an expensive marketing campaign?The reason alternative coins don't build off the existing bitcoin ledger is because it doesn't permit pump and dump.
Just no.
In case of Monero, NXT and co. who have a completly different codebase, how would you even do that?
Other good reasons against that are:
1) Exchanges will get most coins.
2) A lot of coins are already lost.
3) Satoshi would get a shitload of coins.
4) Mark Karpeles gets a shitload of coins.
5) Most users would prolly just dump them till the value is 0.
6) Shitload of coins in hands of investors who did nothing for the coin itself.
Why should people who did nothing for the coin even get them? Miners get there share because they help to secure the network for example....
I'm not really familiar with how his other projects intend to make money.
You make certain assumptions there, for which I would like to see evidence. Evidence would certainly make me much more positively disposed to James' ... projects.I've always thought that any sufficiently funded team of professionals could blow Bitcoin out of the water in a short period of time. I'm surprised it hasn't happened yet to be honest. Probably still too niche.
Blow bitcoin out of the water with what? Pump and dump scams? What else could possibly motivate anyone to run an expensive marketing campaign?The reason few alternative coins don't build off the existing bitcoin ledger is because it doesn't permit pump and dump.
The developers that people are currently trusting by running their software effectively control it. Until everyone decides they don't like whats being given to them and decide to switch.
Why would they hire the Bitcoin devs? And I think it would be fairly obvious at this point in 2014 not to use Bitcoin's ledger when we're talking about having access to millions of dollars in resources and world class programming talent.
Not every project that is an alternative to Bitcoin is a "pump and dump" you know.
If they don't mind it being neutral, they might as well just hire the bitcoin devs.
Easier said than done. I've always thought that any sufficiently funded team of professionals could blow Bitcoin out of the water in a short period of time. I'm surprised it hasn't happened yet to be honest. Probably still too niche.
Blow bitcoin out of the water with what? Pump and dump scams? What else could possibly motivate anyone to run an expensive marketing campaign?The reason alternative coins don't build off the existing bitcoin ledger is because it doesn't permit pump and dump.
Apart from the hate of Monero fans, has anyone a competent opinion about the incoming SuperNet? It sounds really interesting.
It is interesting. I like many others are worried about jl777's possible over extension, considering how many projects he's currently running. Although he insists that this is the optimal way for him to work.
From an investment stand point I have no real opinion either way. James seems convinced that he will be able to provide significant profits to investors by offering his services through the superNET GUI that will be present in all the wallets participating in the network. I'm not really in any position to judge it as an investment in that sense since I'm not really familiar with how his other projects intend to make money. It's quite possible that he is right and the consolidation of features in to one GUI accessible by a large group of people will be a source of massive profit. Sounds plausible I guess.
But I'm mostly interested in it as a spectator. I would very much like to see him pull this off technically. As it's something that's never been done before and does actually have potential to change the game so to speak. I would like to see it all come together like he says. And I'm also eagerly awaiting any attention from the "we hate anything that's not Bitcoin" community.
I've always thought that any sufficiently funded team of professionals could blow Bitcoin out of the water in a short period of time. I'm surprised it hasn't happened yet to be honest. Probably still too niche.
Blow bitcoin out of the water with what? Pump and dump scams? What else could possibly motivate anyone to run an expensive marketing campaign?
Good question. It would probably be a Google-esque give away, in which the boon is granted in order to create an ecosystem in which a novel business model is profitable. For example, a financier-driven competitor would be similarly open-source (but community-oriented only in the degree required to avoid an immediate fork before the ecosystem was up and running) and be optimized for lending, leverage, and scripting contracts. Ethereum, anyone? They are funded by Goldman-Sachs alumni. Their marketing has been brutal in its consequences for BTC. Since their cronies run the governments in North America and Europe, prosecution for securities law violations seems questionable.
This current Bitcoin downturn started at the same time that there was a minor hysteria regarding the perception that Ethereum was going to be selling their 26000 BTC. Now I'm certainly not claiming this downturn is caused solely by Ethereum, but the perception that they could actually produce a valuable product isn't something that is likely to have a positive effect on the price of Bitcoin.
I've always thought that any sufficiently funded team of professionals could blow Bitcoin out of the water in a short period of time. I'm surprised it hasn't happened yet to be honest. Probably still too niche.
Blow bitcoin out of the water with what? Pump and dump scams? What else could possibly motivate anyone to run an expensive marketing campaign?
No. A superior product produced by a professional team of coders and cryptographers. Backed by economists and social experts.
How would it differ substantially from bitcoin?
Unless you're talking about philanthropy, whoever funds this project will expect something in return. What is it?
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