Topic: -- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World! - page 289. (Read 383571 times)

Okay, coming back to this thread:

I am confused how the OP could struggle for hours to figure out a riddle that he made up himself.

Secondly, there is a general lack of understanding among the cryptocurrency community which permeates this very thread.

Money is not a store of wealth. It's a means of exchange. To try to use it for anything except exchange is misuse, and only hurts the currency.

Which is exactly what is happening with ixcoin.

1. No services
2. No liquidity
3. Little spending.

Low numbers was a mistake with bitcoin, btw. The only thing you're betting one is the complete success of bitcoin, and honestly, doge looks like it has more prospects.

Algorithms that don't use memory like SHA-256 ( Quark is just a variation of this )  can easily encoded to work with GPUs.   Scrypt uses memory but does not use a lot, so it still is efficient with GPUs.   Scrypt_Jane based algos vary with the amount of memory,  the Yacoin variant can use GPUs but not with the kind of speed up as Litecoin's scrupt.

There are memory hard implementations that make GPUs difficult to work with (see memcoin, electreum)  these are truly CPU bound and can't easily be gamedby GPUs.   Primecoin is a CPU bound coin, because the multiprecision operators it requires aren't very efficient on GPUs.  Primecoin however if flawed because it can't raise its difficulty beyond a limit.


Stuff like NXT and MSC aren't really coins because you can't mine them.   So they are kind of like stocks that are strangely enough issued by annonymous people living in Russia (in the case of NXT).

Will have to agree with you here.  The way quark was designed, there was massive mining in the first 6 months.  to the tune of 240+ million coins.    Then it drops of dramatically after 6 months to 1% inflation.

So while nobody is looking ( or rather, while everyone sees it as a pump and dump) they accumulate milions of coins using a network of CPUs.   Actually, they want you to believe it is CPUs,  however the Quark algorithm is easily translatable to GPU.  After all, it is almost like running SHA-256 7 times in sequence. 

So the insiders have a GPU farm, while the masses are karnking away with CPU.

IMHO, people playing Quark are being gamed big time!

What do you call massive amounts?  If I recall you own a "massive amount" of IXC......

just some point Vlad -  no "insiders" own anywhere near any % like that of Quark actually QRK is one of the best distributed crypto that exists - but I'll let you find that out yourself later.  

as regards Neutral Control Theory - i'd respectfully suggest a re- read, but having said that i understand where you come from , i'm currently undertaking a bit of a psychological analysis of "apathetic citizens"  -

so for you to read the NCT principal and see it for what it is, would be very difficult, ( i understand this )  but in this aspect i want to help .

how you are seeing things incorrectly  I will break down the ways into parts for you:

1. You are seeing  "Government" as a single entity - that is to say if you visualized "Government" you might visualizes a large strong monolith for example.
why is this incorrect ?

Government is just a group of people with different individual levels of corruption.


2. You see only "Government" as the problem.
Why is this incorrect ?

This seems to be a prevalent and important flaw in the thought process of an "apathetic citizen" -  because with only one side of the story how can you (or anyone with the similar view) ever expect to understand how corruption works ?
Government for simplicity sake is the one half of a two part power "sharing" system -  i will break it down for you and give you some examples :

Corporations V Government.

"The Bank" V  "The King".

The Money Issuance Power V The Guns and Hardware.   (broadly stated industrial capacity also military industrial capacity)

I could go on but this is the biggest flaw that distorts your vision in this regard -

back to 2014 > NCT is an inevitable theory that grants neutral control, the reason and how this will occur is because it can not be stopped, you are misunderstanding the nature of "Neutral Control" i tried to highlight it at the end of the document but its a difficult point to clearly get across -

so "powerful Government" (and incorrect statement in most cases around the world) will not have a choice but to select Neutral control as it will occur anyhow, for the Government it is a positive thing, the losers are the holders of the power of issuance over the "ongoing mechanics of currency issuance" .

so I'm going to stop right here and prove you wrong and me correct .

- answer this line :

Q - Who issues the currency of the nation ?

A - you say not the Government (in most cases) and  you are correct .


Q - who loses out in an NTC situation ?

A - the issuing power , which you have agreed is NOT the Government .


Q- then could the "government" benefit from NCT ?

A- that would be up to the individual Government, i.e the sum of its corrupted whole.  


Feel free to read the document again -  http://forum.qrk.cc/thread/1416/neutral-control-principal-theory

also see how a Government would execute a NTC Crypto - http://forum.qrk.cc/thread/1512/understanding-neutral-control-principal-government   < i use a picture of a BFL device mostly for sweet irony.


** man this new DNA is really helping me think !

If there is a cost to acquire and item,  then the owner of the item will be less inclined to sell it at a loss.   If there is no cost to acquire an item (see: NXT,  coins with low difficulty),  then owners have no issue at selling it at any price for a profit.

My point is, just saying it cost 100 dollars to make a certain item, does not mean there is a market for item at 100....


If it cost 1million to mine 1 BTC would not make the price of BTC go to 1 million.....

And it could be over supplied as easily as undervalued....

Well, the hash rate has moved much faster than the price.  So right now, it clearly is extremely undervalued.

Of course, I have absolutely no clue what you meant by your statement.

And apparently people don't want IXC either because the price is so low.

I did some quick math.

Assuming it costs .11/KwH  and 600 watts per 1 TH/s machine.  Total electricity costs alone is:  578.56 USD.

I short, the 720 IXC that you mine isn't even going to cover electricity costs!!!

No wonder not many miners are selling their IXC!

Yes, please come up with a table for comparison.  A lot of people need a lot of hand holding!!

I think right now,  crypto-currencies are so new that people have no clue as to how to evaluate it.

Network Hash Rate is almost the equivalent of P/E for stocks.   You can compare stocks by looking at their P/E ratio.

Maybe something like price  * network hash rate  / (# of outstanding coins)  should be introduced so people can evaluate cois correctly.

Here's a formula   price  * network hash rate   /  (# of outstanding coins) + (coins created per year)

Let's see,  let's do the math here,   7 peta hash is 7,000 terahash.  A single tera hash miner costs around $6,000.    So to mine 1/7,000 of IXC in a year will cost $6,000 worth of mining hardware.   Approximately, 5 million coins are mined per year.  5 million / 7,000 - yields 720 coins per 1 THs miner.  In short,  $6,000 worth of equipment mines you in a year, 720 IXC. At 12 cents a coin,  that $6,000 miner will mine $86 worth of IXC in a year!  

Vlad,  another point that you need to explain to people who aren't familiar with economics it the notion of "bundling".  See, people are in the mistaken notion that coins that are merged mine come for free.  

This of course is incorrect because you can't get NMC and IXC without actually mining for BTC.   The current ROI of miners typically involves the mining of BTC, NMC and IXC combined.  Just like you mine copper to get gold, its the same thing.  You don't mine IXC by itself,  if so, you will go broke trying!

I don't understand why it's so hard for people to understand why network security makes or breaks a coin and the fact that any other feature or advantage of a coin can be easily duplicated, copied and implemented by any other coin. 

There are absolutely no barriers to copying things like block-time and PoS yet people gamble on CrapCoins based on these useless, easy to copy features while ignoring the most important feature of all and one which is very difficult to copy and implant, and that is the network hashrate which is the security if any coin.

Vlad... you're the economist.

Can you explain to him that the cost of any scarce good is related to the cost of acquiring (i.e mining) said goods?

I am skeptical.  But the coin is so cheap right now what is there to loose?    I see the point you make, but at the same time, I also believe a shorter block time/multi ecrypted coin will take over bitcoin copy cats...  I'm still looking for my perfect coin to go all in on....

Vlad2Vlad, you have any Ixcoins to sell a person?

Off topic Who me You're one to talk !

Most of those off topic posts could have easily been avoided had you not taken so long to get that copy n paste craaap COL client up and running. I was essentially begging you to take those stanky coins back. heh..

So ... did we do the 'as is above, so is below' in correlation with the numeralogical aspects of the number 9 ?

I love this post. I realy do.
 

Is this really just about the number 9 ?

Has the riddle been answered ? lol