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Topic: rpietila Altcoin Observer - page 57. (Read 387491 times)

legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
September 02, 2014, 05:08:14 PM
Apart from the hate of Monero fans, has anyone a competent opinion about the incoming SuperNet? It sounds really interesting.
legendary
Activity: 826
Merit: 1002
amarha
September 02, 2014, 05:07:50 PM
seem NUD is the only true anon con.
and they will introduce ruduced blockchain soon.
Where is the evidence for NUD being anonymous?

He was probably trolling lol.


He's not trolling. He actually thinks that.

Which is hilarious. Especially coming to this thread of all places.
hero member
Activity: 910
Merit: 1003
September 02, 2014, 05:07:33 PM
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?

With a budget of 150 million USD, a group determined to push a "FooCoin", with similar protocol but independent blockchain, could hire the top 3-4 mining companies and switch the majority of the bitcoin hashrate to mining FooCoin, for three months at least.

Combine with some flashy bells and whistles, a TV marketing campaign, support by Apple and Facebook, perhaps some biased government regulation, and perhaps in that time the FooCoin will get enough newbie demand to stand on its own -- namely, with such a combination of market price, difficulty, and block reward that it would attract more hashrate than Bitcoin, even without the external subsidy.

That would not kill Bitcoin outright, but it would take away its "network advantage".

Could such a plan work?
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 02, 2014, 04:59:54 PM
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.
legendary
Activity: 2142
Merit: 1131
September 02, 2014, 04:50:05 PM
seem NUD is the only true anon con.
and they will introduce ruduced blockchain soon.
Where is the evidence for NUD being anonymous?

He was probably trolling lol.
legendary
Activity: 930
Merit: 1010
September 02, 2014, 04:46:18 PM
Anonymous is a strong term, we have yet to see one cryptocurrency achieve that instead of boasting about "anonymity".

Simply integrating mixing or wiring the transactions via Tor/L2P isn't enough, integrating mixing and claiming anonymity makes about as much sense as lowering the block speed and claiming to be the "fastest altcoin" or "the altcoin with the fastest transactions". It implies that there is some original innovation when there is none.

I might not be on here 24/7 looking into every single altcoin but as far as I know we are the only candidate that got it so far, however we are pretty early into development ourselves.



seem NUD is the only true anon con.

and they will introduce ruduced blockchain soon.


Where is the evidence for NUD being anonymous?
legendary
Activity: 826
Merit: 1002
amarha
September 02, 2014, 04:19:44 PM
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.
hero member
Activity: 688
Merit: 500
September 02, 2014, 04:10:57 PM
Anonymous is a strong term, we have yet to see one cryptocurrency achieve that instead of boasting about "anonymity".

Simply integrating mixing or wiring the transactions via Tor/L2P isn't enough, integrating mixing and claiming anonymity makes about as much sense as lowering the block speed and claiming to be the "fastest altcoin" or "the altcoin with the fastest transactions". It implies that there is some original innovation when there is none.

I might not be on here 24/7 looking into every single altcoin but as far as I know we are the only candidate that got it so far, however we are pretty early into development ourselves.



seem NUD is the only true anon con.

and they will introduce ruduced blockchain soon.



The next update will likely be the last mandatory hardfork, we will introduce a reduced blockchain and apply some amorphous computing concepts that we have been working on very hard, topology-aware clients are the future of decentralized monetary systems and will lead to much faster propagation of information and generally significantly reduced dis-synchronization of the network.

full member
Activity: 236
Merit: 100
September 02, 2014, 04:08:44 PM
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?
legendary
Activity: 826
Merit: 1002
amarha
September 02, 2014, 03:19:55 PM
Seems you failed to read a few posts

Thanks for responding. Just to avoid any misperceptions, I did read those posts. They, and the “past performance” to which you refer informed my criticism. Your summary of Dogecoin's appeal highlights the amateur approach I was referencing.

I don't intend to be offensive, merely precise. I use the term “amateur” as a precise description. An experienced professional would be able to bring to bear a rich set of modelling / analytic tools and a specialist domain terminology.

I can assure you that when conducting a re-branding exercise for, e.g. an instantly-recognisable high street FMCG product, your typical int'l bluechip won't make a single move until they've first invested at least an upper-end six-figure sum in the market research / development iterative loop (qualitative and quantitative) and got back an extensive raft of results and trial serializations.

I'm pointedly ignoring the proffered media-selected informal voxpops because I just can't bring myself to believe that anyone would be hard-pressed enough to cite them as actual insights, so they must be trolling.


Cheers

Graham


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.
legendary
Activity: 2254
Merit: 1278
September 02, 2014, 02:47:08 PM
Seems you failed to read a few posts

Thanks for responding. Just to avoid any misperceptions, I did read those posts. They, and the “past performance” to which you refer informed my criticism. Your summary of Dogecoin's appeal highlights the amateur approach I was referencing.

I don't intend to be offensive, merely precise. I use the term “amateur” as a precise description. An experienced professional would be able to bring to bear a rich set of modelling / analytic tools and a specialist domain terminology.

I can assure you that when conducting a re-branding exercise for, e.g. an instantly-recognisable high street FMCG product, your typical int'l bluechip won't make a single move until they've first invested at least an upper-end six-figure sum in the market research / development iterative loop (qualitative and quantitative) and got back an extensive raft of results and trial serializations.

I'm pointedly ignoring the proffered media-selected informal voxpops because I just can't bring myself to believe that anyone would be hard-pressed enough to cite them as actual insights, so they must be trolling.


Cheers

Graham
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 02, 2014, 02:44:56 PM
Where can I read the resumes of the Monero developers? I see only 37 year old Frenchman David Latapie's Linkedin, which frankly isn't that impressive for a client programs programmer (at least not what I can see without logging in). Appears he is more of a business development or corporate/enterprise processes guy.

David isn't a developer.  He does b2b, pr type stuff.  The core team has a variety of skills and roles represented.  You'll find lots of stuff missing from XMR.  It's very much a work in progress.  But the plan is achievable, modest, and well-thought out, and the steps executed are timely, rational, and done well, so I'm pretty happy with it.  It has more boots on the ground than any of the bags of promises and horse manure that it competes with.


 
full member
Activity: 236
Merit: 100
September 02, 2014, 01:21:32 PM
"I wouldn;t do anything more than virtual work for such virtual money..."

Yup. And the bolded one is spot on. Any one designing a crypto-currency better understand who the target market is.

It is possible that there will indeed be a govmoney, which is used to buy things that government produces extracts from the economy, such as taxes, sickness industry, public brainwash (sorry the official names are healthcare and education, but they are so far from the actual meaning in a full 1984esque style that I just cannot restrict myself...Sad ).

The government has no motive to create its own cryptocurrency.  The whole point of cryptocurrency is that it is neutral.  If the government controls a currency then it cannot be neutral, it has no value over existing currencies.  If government doesn't control it, they have no interest, they might as well use an existing one.

People think bitcoin is about cheap, instant payments.  That is purely incidental.  Bitcoin is about neutrality, that no participant is granted any special powers.

If you want cheap and fast, there's many other trusted 3rd parties who will send money for you.  If you want to send payment online without some authority making political judgments about it, then you use cryptocurrency, there are no alternatives.

Crypto can try to woo the public with cheap and instant, that's great, but eventually trusted 3rd parties destroy that market.  Centralized issuers can do it cheaper and faster.  Most people today don't particularly care for neutrality, as long as they aren't targetted by the authorities they have no reason to care.

Cryptocurrency's real market is those who wish to conduct business without interference from authorities (that includes governments, banks, paypal, visa, etc).
kbm
member
Activity: 84
Merit: 10
September 02, 2014, 01:11:11 PM
I am curious about the Monero development.  I saw someone awhile back ask how many "full time developers" it had.  Until that question (which was never answered) I'd made the assumption that it was probably developed by people who had other jobs.

A - I know it's been answered here and there - but who on the IS involved in Monero development?

B - How many (or all) do we know the real life names?

C - Any idea the number of manhours per week put into it?

C - Just as a side point.  Sometimes it's a little tough to link past performance with future results when those with very good development credentials probably would prefer to NOT be tied to certain projects.  

1- It did get answered by smooth, look in his posts for the exact answer to the question (brilliantrocket's question I think?). Anyways -  tacotime, eizh, smooth, fluffypony, othe, davidlatapie, NoodleDoodle. There are a few other developers involved, not sure if they're part of this forum or not.

2 - at least two core members and i believe two developers on top of that.

3 - smooth answered this as well in that post you're gonna go look for. it sounded like it was more than a little but less than a lot. that amount of time from >7 people on development is a lot of man hours.

3 - sometimes, all people want to do is link past performance with future results. This is why there is a major trend for developers to use sock puppets to manage their various coins. The developers that have decided to contribute to Monero have chosen not to go that route. Whether or not you choose to link past performance to future results is generally a matter of speculation (at least it is to me) .. unless there was some massive error or major achievement in a developers past. Taking that into account, we either have some of the worst criminals or nobel prize laureates developing these coins.
newbie
Activity: 6
Merit: 0
September 02, 2014, 01:02:06 PM
I was thinking if it is too invasive to reply, but then I realized that this is my thread, and you are the stranger, so it is definitely OK.

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.

Of course, resumes aren't everything. (Mine is embarassingly sparse)

I'm sure David kept his intentionally brief. He wouldn't be on the core team if that was the limit of his capabilities. I trust Monero has picked the best men for the job.

I guess Malla would have vacancies for a tea-maid cum secretarial assistant (paid in Monero's, naturally) regardless  Grin

by the time those XMR become worth their bytes in gold everyone of us in this thread shan't have a need for a CV however, because I can't anticipate needing to live the conventional 9-5 ratrace of the lower-middle class as the newly minted wealthy elite.

It's just a matter of buying and hodling, and we all need to start preperations.
legendary
Activity: 1256
Merit: 1009
September 02, 2014, 01:00:05 PM
I am curious about the Monero development.  I saw someone awhile back ask how many "full time developers" it had.  Until that question (which was never answered) I'd made the assumption that it was probably developed by people who had other jobs.

A - I know it's been answered here and there - but who on the IS involved in Monero development?

B - How many (or all) do we know the real life names?

C - Any idea the number of manhours per week put into it?

full member
Activity: 182
Merit: 100
September 02, 2014, 12:56:17 PM
Where can I read the resumes of the Monero developers? I see only 37 year old Frenchman David Latapie's Linkedin, which frankly isn't that impressive for a client programs programmer (at least not what I can see without logging in). Appears he is more of a business development or corporate/enterprise processes guy.


Quote
Résumé de David Latapie

They say success is a three-pronged story: "want", "can", "needed".

What I want to do in my work life is "IT", "management", "English language" and "innovation". I can do them and they are definitely needed.

I don't know...the résumé seemed pretty impressive to me. Microsoft office skills,  Ability to read and write english, AND "innovation",

They are needed and we have just the man for the job-  He can do not just one but all three!

I bet he can make a mean cup of tea too, but probably wanted to stay modest.

I suspect the rest of the core-teams résumés are just as brilliant.

~CfdU~


brilliance, reading and writing paves the way to success! good job he can do use microsoft skills, makes that 3!

I go now, I go in cave

~CiB~
kbm
member
Activity: 84
Merit: 10
September 02, 2014, 12:55:33 PM
I was thinking if it is too invasive to reply, but then I realized that this is my thread, and you are the stranger, so it is definitely OK.

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.

Just another telemarketer, this one appears to be selling gold stars.
donator
Activity: 1722
Merit: 1036
September 02, 2014, 12:52:16 PM
Where can I read the resumes of the Monero developers? I see only 37 year old Frenchman David Latapie's Linkedin, which frankly isn't that impressive for a client programs programmer (at least not what I can see without logging in). Appears he is more of a business development or corporate/enterprise processes guy.


Quote
Résumé de David Latapie

They say success is a three-pronged story: "want", "can", "needed".

What I want to do in my work life is "IT", "management", "English language" and "innovation". I can do them and they are definitely needed.

I don't know...the résumé seemed pretty impressive to me. Microsoft office skills,  Ability to read and write english, AND "innovation"!


David, I've a gold star waiting for you to collect at the front of the class.

 

They are needed and we have just the man for the job-  He can do not just one but all three!

I bet he can make a mean cup of tea too, but probably wanted to stay modest.

I suspect the rest of the core-teams résumés are just as brilliant.

But seriously now -- We are in safe hands with Monero developers, they are some of the brightest minds in the altcoin sphere today, they have a great vision on where to take this project and it's the most exciting thing since bitcoin itself. I'd appreciate if we saw less of FUDsters like you making snarky comments.


~CfdU~

I was thinking if it is too invasive to reply, but then I realized that this is my thread, and you are the stranger, so it is definitely OK.

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.
newbie
Activity: 6
Merit: 0
September 02, 2014, 12:38:53 PM
Where can I read the resumes of the Monero developers? I see only 37 year old Frenchman David Latapie's Linkedin, which frankly isn't that impressive for a client programs programmer (at least not what I can see without logging in). Appears he is more of a business development or corporate/enterprise processes guy.


Quote
Résumé de David Latapie

They say success is a three-pronged story: "want", "can", "needed".

What I want to do in my work life is "IT", "management", "English language" and "innovation". I can do them and they are definitely needed.

I don't know...the résumé seemed pretty impressive to me. Microsoft office skills,  Ability to read and write english, AND "innovation"!

They are needed and we have just the man for the job-  He can do not just one but all three!

David, I've a gold star waiting for you to collect at the front of the class..you certainly earned it.

 http://fc07.deviantart.net/fs70/f/2013/284/0/0/gold_star_sticker_icon_by_angelishi-d6q2z6w.gif


Actually I bet he can make a mean cup of tea too, but probably wanted to stay modest.

I suspect the rest of the core-teams résumés are just as brilliant.

But seriously now -- We are in safe hands with Monero developers, they are some of the brightest minds in the altcoin sphere today, they have a great vision on where to take this project and it's the most exciting thing since bitcoin itself. I'd appreciate if we saw less of FUDsters like you making snarky comments.


~CfdU~
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