Topic: rpietila Altcoin Observer - page 70. (Read 387491 times)

In terms of anonymity (*the* thing people were considering when giving DRK any value), its lower technology compared to the existing offer (= cryptonote/monero) does not justify a price that was based on being *the* anonymous coin forever, with all the big media hype.

The vast majority of the reasonably successful altcoins go through the same cycle. All the time you have people wondering why the price tanks (and then sinks) so much, while in fact they should have wondered first why the price was so high in the beginning.
With darkcoin as with the other historical "big" short term success, you simply have more people asking themselves these questions, but there's fundamentally no difference with the hundreds of not-so-interesting weekly new coins, really.
Just a matter of scale: time scale, market cap scale, number of holders scale. But fundamentally it's all the same: when something does not deserve its price it's a mistake to ask yourself questions when the price goes down, as it's too late and it's not the relevant question.

Does anyone know how many of Monero's 7 devs are full time?

IMO people are getting out in anticipation of it being passed by Monero or BTCD.  When/if that happens - DRK is over imo...

Only its rise needs to have reasons. Fall is the natural consequence that it ever got off from the ground in the first place.

Easy question, easy answer?

What's up with DarkCoins price? Why it is imploding? Any reasons?

I have a self-signed root X.509 certificate that I use to generate intermediate certificates that in turn allow distributed servers (GitHub) to generate X.509 certificates for each node, i.e. the operator, and for each agent role. There will be numerous certificates in the system. I use TLS/SSL to authenticate both endpoints of a network connection, so each party knows who it is communicating with - knows the other node, knows the software agent in the node, and knows the role, e.g. skill set, that the particular agent is using.

End users with an SPV wallet, i.e. not a full node, connect without additional encryption to DDoS-protected portals that are certain paid full nodes in the system.

Who authenticates them? And how? The DAC?

I studied the introduction to the Skycoin paper and skimmed the rest. It may indeed prove better than Satoshi's Bitcoin with regard to securing the network at lower cost.

The system that I'm developing forks Bitcoin and other major PoW coins into separate networks, I avoid the Byzantine Generals problem by using authenticated cooperating agents rather than anonymous competing nodes. If distributed uncoordinated behavior is designed out of the system, then there is no need for distributed consensus.

I take a conventional high performing global financial network architecture, and adapt it to maximally preserve the Satoshi Social Contract, e.g. the user experience. My technique permits instant, certain-to-be-in-the-blockchain transactions with 100x lower fees. How? Because a nomadic mint agent creates new blocks for a widely replicated, non-forking, canonical blockchain with trivial PoW effort. The block reward fees pay qualified full node operators to secure the distributed peer network using conventional data security methods, e.g. TLS/SSL, DDoS filtering, fail-over, network operations centers, security intrusion detection and mitigation, customer service, etc.

I haven't read the full Skycoin manual, but I sounds pretty much like a copy-paste coin based on PTS or BTSX ideas (/code?) ... Is my assumption right or wrong?

I want to proudly present my initiative of having options markets for Monero.

It seems quite complex,


and as some wise person probably once said,

Thoughts on this whitepaper draft from Skycoin?

Completely new system of distributed consensus. Makes me a bit nervous, but I'd like to hear what other people think.

https://github.com/skycoin/whitepapers/blob/master/README.md

Small chances I will find something in my HD but I will try..

I am sad I missed the days when BC cunicula was active. He has some cool ideas.
did anybody ever implement his pegging system?

does anybody have copies of cunicula's whitepaper? the link is not working anymore

https://bitcointalksearch.org/topic/announce-project-quixote-bitshares-bitnames-and-bitmessage-279771
https://bitcointalksearch.org/topic/pirate-v20-unravelling-the-bitshares-ponzi-298677

Somehow related:
https://bitcointalksearch.org/topic/hop-whitepaper-altcoin-solution-for-trustless-decentralized-btc-usd-exchange-297147
https://bitcointalksearch.org/topic/cunicula-system-for-usd-derivatives-backed-by-escrowed-crypto-currency-291108

I am accidental core dev

I was total newbie to crypto last november and ripple was what I first discovered! After I kept complaining that their tech was broken (autoupdate for prices didnt), their spreads were untradeable (>20%), liquidity almost nonexistent (~$10K/day), that USD should equal USD (not 25% difference) and automatically rippling (stealing!) the more precious bitstamp USD for the horribly discounted snapswap USD was really a horrible idea exposing them to litigation. They changed the default to not enable rippling and then even though I had narrowed spreads to 1% with an automatic marketmaker bot and told them how they could actually get some high volume markets, well since the high volume market I was bringing to ripple back in December was NXT, ripple started to actively want me gone. first I my posts are deleted/banned, I get some sort of sanction, etc.

So, I ended up in the NXT community. Being a non-Java guy, sort of a second class citizen, being a C programmer, not even C++, so not using classes or objects, well I had to operate outside the core and build services on top of the NXT API. But I didnt even start coding until late Feb when I realized that nobody else was going to do what needed to be done, like MGW.

I did end up doing quite well with the NXT Asset Exchange, which totally changes the balance of wealth in the NXT economy as there is only 1 billion total NXT and we all know how it was distributed initially. The distribution of that will take some years to get to some more reasonable balance, but if you look at asset values, it is rapidly rebalancing in favor of the talented and hard working. I estimate there is almost 500 million NXT worth of NXT assets already issued, not sure about total, but I know my assets market cap of ~175 million NXT. So within months the percentage of NXT economy held by the NXT IPO shrinks and I estimate within a couple years that there will be several billion+ of NXT asset market cap, possibly up to 10 billion NXT worth. So, with the initial distribution rapidly shrinking away I dont see any significant issue with it.

Anyway, with no hope of getting my code into the NXT core ("over my dead body is anything not-Java getting into the NXT core") and the whole cryptonote fork -> BTCD launch story, well that is how I get here.

I already make more money that I will ever spend from the NXT assets (I only own a minority of the assets as I sold to early investors at big discounts and gave away about 20% of the most valuable assets) as even at low NXT prices it is mind boggling amount. Though my wife says there is no problem to spend it all

So, now I am really wanting to solve the global problem of cash disappearing. This I feel is not a widely feared situation and it really should be. Once the govt can control how you spend your money, they pretty much control you. With the inevitable USD problems that will happen in the (near?) future, I am very concerned about giant cascade effect that will make btsx collapse look like one raindrop. I like freedom, so I am working as hard as I can to make actual electronic cash from the various tech that is already here. No need to reinvent BTC, it is here, it is big, it is liquid, it is just a transparent protocol. Combine it with XMR, and do all the things to make big headache for attacker.

James

P.S. one related problem is that I am not able to open a bank account. USA has strong armed all countries to require 6 months of utility bills to be able to open a bank account. Since I am always traveling (no permanent residence), I never have any such documents. This rule is so silly but yet it is the reality. That is why I am getting the anon debit card. Even second class citizen trouble making guy like me will be able to zap crypto to the anon card and get fiat cash from bankomats.

Sarcasm, nevar.

Dunno who tells you to go away but i can´t think of a single reason to send someone away who wants to help with something, no clue about what other coins you talk but i guess they were weird.
But what i also don´t understand why you try to contribute to those instamine/fastmine coin projects, seems like a waste of talent for me

Ouch!  Talk about taken out back and shot...what a nice debunking of BS' yet-another-POS-hubris-coin-based-replacement-for-everything.

I'd sooner buy IntelliCoins than the BS spike.  The only smartcoin I own is a trace amount of Via, because it relies more on bottom-up rather than top-down processes to add value by providing goods/services on the platform, unlike NXT and its clones.  And it passes my FOSS/fair/POW altcoin legitimacy filters.

NXT, BS, ETH and the rest are the Chinese ghost cities of cryptcurrency.  Somebody went to a lot of trouble to build their elaborate structures and somebody is profiting handsomely from their creation, but they lack actual citizens to utilize their functionality.

I sense some sarcasm here. I couldnt very well have implemented teleport before the coin was launched because I didnt even find out about it until a week later. My involvement started with an innonent question. I actually saw they were planning to use zerocoin and I was advocating using cryptonote. I had just done a cryptonote fork the other day at the time and thought it would be much better than unproven zerocoin.

BTCD creators and community was very open and welcoming and instead of telling me to go away (this seems to happen a lot to me), they were eager for my adding features to BTCD. Then one thing led to another and as I was integrating all the software I had written this year, the Teleport idea just came to me, so that is why BTCD launched the way it was. I had nothing to do with the launch.

James

P.S. I also have received no BTCD from any of the launch, I also didnt mine any BTCD, I purchased all my BTCD on the open market and after I announced my involvement.

I did not use the word revolutionary, that was coinits

I am asking for help from an independent expert to do the thorough analysis. I also never claimed teleport was new cryptography. I am not a cryptography expert, I just use Bernstein's nacl, I figure he knows what he is doing. I am like a systems integrator, maybe that is good way to think about it. Teleport uses existing things to make an integrated system.

I believe the cryptonote tech is best anon algo and intend to use it as part of Teleport system, like a computer has HDD, CPU, etc. maybe it has multiple HDD's

I need a platform for the Teleport to be hosted in and I doubt the bitcoin core guys would let me do my thing, considering their reaction against XCP. Now if you can convince the bitcoin guys to allow me to put Teleport into bitcoin core, then I will do it!

James

P.S. I am not liking the BIP paperwork process of several years