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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1585. (Read 4670972 times)

sr. member
Activity: 336
Merit: 260
Is there such a thing as unbiased experts in crypto currencies?
Probably not, everyone has biases.

But math is math, and if you show actual mathematical proofs, the experts will fall in line (and even build on top of your work).

For example, much of the cryptonote cryptography gets good reviews from people who are clearly biased toward bitcoin (gmaxwell being one well known example). They also come up with some very valid criticisms and suggestions for improvement (which we considering).

There could be two reasons why Bitcoin biased experts actually attempt to review cryptonote.
Because: a) they don't feel that their Bitcoin investments are threatened by CN cryptos; b) because cryptonote is also PoW, which falls in line with Bitcoin and reinforces faith in PoW scheme, both for themselves and newbies who only start looking into cryptos.

PoS is a totally different animal, and getting someone who has been a strong believer in PoW to review PoS objectively is a problem Smiley because in case they find out PoS is safe and better, they can't back out of this, because then math would prove it, which means the status quo of their PoW investments would be shaken. So for now the approach is to stick the head into the sand hoping PoS would just go away by itself Smiley
legendary
Activity: 2968
Merit: 1198
Is there such a thing as unbiased experts in crypto currencies?

Probably not, everyone has biases.

But math is math, and if you show actual mathematical proofs, the experts will fall in line (and even build on top of your work).

For example, much of the cryptonote cryptography gets good reviews from people who are clearly biased toward bitcoin (gmaxwell being one well known example). They also come up with some very valid criticisms and suggestions for improvement (which we considering).

legendary
Activity: 1722
Merit: 1217
A POS system that is comparable to a POW system in other ways, all things being equal

No one has demonstrated that in a way that has convinced the community of disinterested domain experts that their scheme is sound.

I agree "it would be nice" if you could do something that was distributed, trustless and highly energy efficient, but right now that is unicorn cryptography.



It can be done. The nxt devs developed the tech that makes it possible. No one cares enough to do the research to understand it. Not even the smart guys. If they did they would know it had been solved and they would be crapping themselves with excitement, but they are so dismissive that they wont even attempt to understand it.

Of course the way that the creator of nxt released the initial stake is not well distributed. But the tech could easily be copied with better distribution.
sr. member
Activity: 336
Merit: 260
...the community of disinterested domain experts...

Is there such a thing as unbiased experts in crypto currencies? Names? Most have vested interest in their own crypto of choice, with Bitcoin having the largest share of such experts on its side. It's like mainstream economists, the economy is falling apart, but they've been trained in this system and they don't know or don't want to know anything else, and are in defense of the broken ship, and want to keep the status quo.
legendary
Activity: 2968
Merit: 1198
A POS system that is comparable to a POW system in other ways, all things being equal

No one has demonstrated that in a way that has convinced the community of disinterested domain experts that their scheme is sound.

I agree "it would be nice" if you could do something that was distributed, trustless and highly energy efficient, but right now that is unicorn cryptography.

legendary
Activity: 1722
Merit: 1217
Fortunately, miners are only 0.00001% of the population. The rest have to buy coins, and they don't have a concern if it's PoW or PoS as long as it does what they need it to.

As long as a miner is making a profit than he isnt paying for that security. And if he is making a loss than he is only paying for the difference between the amount he is making and what he needs to make in order to generate a profit. Its users who pay the cost associated with mining through transaction fees and inflation. A POS system that is comparable to a POW system in other ways, all things being equal, will have less inflation and or less fees. This is something they would be concerned with. Or not concerned as much as they would just make the rational choice to switch to the cheaper network.
sr. member
Activity: 336
Merit: 260
Fortunately, miners are only 0.00001% of the population. The rest have to buy coins, and they don't have a concern if it's PoW or PoS as long as it does what they need it to.
legendary
Activity: 1722
Merit: 1217
has anyone actually read cloakcoins 3 whitepapers? im so tried of reading whitepapers all the time and they want me to read 3... maybe someone can tell me if there is any truth to this

Quote
CloakCoin is a new cryptocurrency that will feature a uniquely implemented and decentralized p2p anonymization feature via Proof of Stake protocol extensions.

or if they are just blowing smoke.

POS is POS (piece of shit)

Proof of stake is the future. Competing to see who can create the largest money bond fire is not an ideal situation. That money doesn’t come out of no where, it is transferred from the networks users to the miners thus making the use of the network more expensive than it needs to be. SIGNIFICANTLY more expensive.

PoS is far from an ideal solution. Vericoin got 51% attacked easy as fuck too...

Mining centralization is the natural order of things, only a small few get the most because they put forward the most. If everyone in the world got an equal supply of money like in PoS, the whole economy would be in chaos, PoS coins arent currencies, theyre more like games...or entertainment shit.

You can use proof of work to distribute the stake and then proof of stake to secure the network you know. If proof of work is a solution to the problem of stake centralization, it can be used to solve the problem in a proof of stake system. If proof of work is not a solution to that problem than what are we even talking about. Cheesy

I was talking about full, 100% PoS coins and how theyre shit. But, I guess PoW to distribute the coins, then PoS to secure the network, is a good idea...

Yea I totally understand your concern. Im involved in nxt because there is some amazing technology there and amazing people working to make it even better, but I would be lying if I said that wasn't a huge concern for me.
sr. member
Activity: 294
Merit: 250
has anyone actually read cloakcoins 3 whitepapers? im so tried of reading whitepapers all the time and they want me to read 3... maybe someone can tell me if there is any truth to this

Quote
CloakCoin is a new cryptocurrency that will feature a uniquely implemented and decentralized p2p anonymization feature via Proof of Stake protocol extensions.

or if they are just blowing smoke.

POS is POS (piece of shit)

Proof of stake is the future. Competing to see who can create the largest money bond fire is not an ideal situation. That money doesn’t come out of no where, it is transferred from the networks users to the miners thus making the use of the network more expensive than it needs to be. SIGNIFICANTLY more expensive.

PoS is far from an ideal solution. Vericoin got 51% attacked easy as fuck too...

Mining centralization is the natural order of things, only a small few get the most because they put forward the most. If everyone in the world got an equal supply of money like in PoS, the whole economy would be in chaos, PoS coins arent currencies, theyre more like games...or entertainment shit.

You can use proof of work to distribute the stake and then proof of stake to secure the network you know. If proof of work is a solution to the problem of stake centralization, it can be used to solve the problem in a proof of stake system. If proof of work is not a solution to that problem than what are we even talking about. Cheesy

I was talking about full, 100% PoS coins and how theyre shit. But, I guess PoW to distribute the coins, then PoS to secure the network, is a good idea...
legendary
Activity: 1904
Merit: 1003
what it mean on dwarf "Confirmed but still not on balance", why they are not on balance?

I suspect a payouts nature. IIRC you can't send batch payout with payment ids (please correct me if I am wrong). After a number of small payouts whole balance is locked and you have to wait for unlock. Then show repeats.
legendary
Activity: 1722
Merit: 1217
has anyone actually read cloakcoins 3 whitepapers? im so tried of reading whitepapers all the time and they want me to read 3... maybe someone can tell me if there is any truth to this

Quote
CloakCoin is a new cryptocurrency that will feature a uniquely implemented and decentralized p2p anonymization feature via Proof of Stake protocol extensions.

or if they are just blowing smoke.

POS is POS (piece of shit)

Proof of stake is the future. Competing to see who can create the largest money bond fire is not an ideal situation. That money doesn’t come out of no where, it is transferred from the networks users to the miners thus making the use of the network more expensive than it needs to be. SIGNIFICANTLY more expensive.

PoS is far from an ideal solution. Vericoin got 51% attacked easy as fuck too...

Mining centralization is the natural order of things, only a small few get the most because they put forward the most. If everyone in the world got an equal supply of money like in PoS, the whole economy would be in chaos, PoS coins arent currencies, theyre more like games...or entertainment shit.

You can use proof of work to distribute the stake and then proof of stake to secure the network you know. If proof of work is a solution to the problem of stake centralization, it can be used to solve the problem in a proof of stake system. If proof of work is not a solution to that problem than what are we even talking about. Cheesy
legendary
Activity: 1904
Merit: 1003
has anyone actually read cloakcoins 3 whitepapers? im so tried of reading whitepapers all the time and they want me to read 3... maybe someone can tell me if there is any truth to this

Quote
CloakCoin is a new cryptocurrency that will feature a uniquely implemented and decentralized p2p anonymization feature via Proof of Stake protocol extensions.

or if they are just blowing smoke.

POS is POS (piece of shit)

Proof of stake is the future. Competing to see who can create the largest money bond fire is not an ideal situation. That money doesn’t come out of no where, it is transferred from the networks users to the miners thus making the use of the network more expensive than it needs to be. SIGNIFICANTLY more expensive. But thats not the point. The question is whether this proof of stake "thing" they have invented actually provides anonymity. I doubt it highly.

Proof of stake is not secure pump & dump feature used by a lot of scam/shit coins to reduce sell pressure.
sr. member
Activity: 294
Merit: 250
has anyone actually read cloakcoins 3 whitepapers? im so tried of reading whitepapers all the time and they want me to read 3... maybe someone can tell me if there is any truth to this

Quote
CloakCoin is a new cryptocurrency that will feature a uniquely implemented and decentralized p2p anonymization feature via Proof of Stake protocol extensions.

or if they are just blowing smoke.

POS is POS (piece of shit)

Proof of stake is the future. Competing to see who can create the largest money bond fire is not an ideal situation. That money doesn’t come out of no where, it is transferred from the networks users to the miners thus making the use of the network more expensive than it needs to be. SIGNIFICANTLY more expensive.

PoS is far from an ideal solution. Vericoin got 51% attacked easy as fuck too...

Mining centralization is the natural order of things, only a small few get the most because they put forward the most. If everyone in the world got an equal supply of money like in PoS, the whole economy would be in chaos, PoS coins arent currencies, theyre more like games...or entertainment shit.
legendary
Activity: 1722
Merit: 1217
has anyone actually read cloakcoins 3 whitepapers? im so tried of reading whitepapers all the time and they want me to read 3... maybe someone can tell me if there is any truth to this

Quote
CloakCoin is a new cryptocurrency that will feature a uniquely implemented and decentralized p2p anonymization feature via Proof of Stake protocol extensions.

or if they are just blowing smoke.

POS is POS (piece of shit)

Proof of stake is the future. Competing to see who can create the largest money bond fire is not an ideal situation. That money doesn’t come out of no where, it is transferred from the networks users to the miners thus making the use of the network more expensive than it needs to be. SIGNIFICANTLY more expensive. But thats not the point. The question is whether this proof of stake "thing" they have invented actually provides anonymity. I doubt it highly.
hero member
Activity: 644
Merit: 502
has anyone actually read cloakcoins 3 whitepapers? im so tried of reading whitepapers all the time and they want me to read 3... maybe someone can tell me if there is any truth to this

Quote
CloakCoin is a new cryptocurrency that will feature a uniquely implemented and decentralized p2p anonymization feature via Proof of Stake protocol extensions.

or if they are just blowing smoke.

POS is POS (piece of shit)
legendary
Activity: 1722
Merit: 1217
has anyone actually read cloakcoins 3 whitepapers? im so tried of reading whitepapers all the time and they want me to read 3... maybe someone can tell me if there is any truth to this

Quote
CloakCoin is a new cryptocurrency that will feature a uniquely implemented and decentralized p2p anonymization feature via Proof of Stake protocol extensions.

or if they are just blowing smoke.
newbie
Activity: 31
Merit: 0
new pool
cryptmonero.com
legendary
Activity: 3248
Merit: 1070
what it mean on dwarf "Confirmed but still not on balance", why they are not on balance?
legendary
Activity: 1722
Merit: 1217
Giving away 0.1 XMR to anyone who makes 10 quality posts on Moneroforum.org

Yes its totally subjective and I will be the judge Cheesy
sr. member
Activity: 301
Merit: 250
Cryptsy Is done with, Worst exchange.
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