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Messages - alexkravets

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Technical Support / Re: Has Graphene development fizzled out ?
« on: March 07, 2016, 12:10:20 pm »
I believe someone will answer your question...

But an ill willed person like myself would ask you, is your "concern" real?

Im just asking because some people might misinterpret the intentions of your post.

The concer is real, I'm trying to determine if the dev team is still "in it" or already moved on to other things ( which if that is he case will of course be announced "all of a sudden" )

Technical Support / Re: Has Graphene development fizzled out ?
« on: March 07, 2016, 12:07:32 pm »
Thanx for pointing out the authoritative repo

But its recent commit traffic doesn't look good either.

P.S. I harbor no delusions that my comments can move the markets :-)

Technical Support / Has Graphene development fizzled out ?
« on: March 04, 2016, 08:55:05 pm »
Looks that way when looking at commit charts on github

General Discussion / BitUSD / USD peg broken, why ?
« on: March 24, 2015, 06:04:51 pm »
As of morning March 24th, one can observe here

BitUSD supply: 417,861
Market cap:       $375,013

Seems like the peg is broken.

Question: why is it broken and for how long ?

General Discussion / Re: Sold all of my Bitshares
« on: March 05, 2015, 04:54:45 am »
Bitshares has done many things right, perhaps even most NECESSARY things right. However for its potential to be realized it has not done the SUFFICIENT thing yet ... which is achieve high liquidity of trading and ease of inbound and outbound flows ...

The great lesson to be learned form Ripple Labs is as follows: ONLY after they pivoted to target BANK settlement and NOT consumers Ripple adoption has taken off:

TL;DR:  Liquidity liquidity liquidity ... onramps, onramps, onramps ... offramps, offramps, offramps



General Discussion / Re: BTS is 2nd only to BTC
« on: February 04, 2015, 07:44:49 am »
Bitshares is overcomplicated, buggy, resource hungry, keeps changing, illiquid and its disciples keep on telling the world how crappy everything else is.

... not necessarily my opinion, but this is how others perceive it.

Haha that is actually all true though :) ...for now

And the supporters of most of those other coins have the same response to why their coin is actually better than it is currently being perceived by the market.

Ripple would say "It doesnt matter that the distribution is unfair.  When you value a tech startup, does it matter that the founders have lots of shares?  Ripple is actually being used by some banks".

Doge would say "It doesnt matter that it was a joke, what matters is that it developed a very strong network effect and vibrant community".

And so on.

Also, all the Proof of Work coins say that the Proof of Stake coins don't count.  So Litecoin is like: 'we are actually #2', and Doge is like: 'we are actually #3', and so on.

Its really funny.  Everyone finds a way to try and justify thinking that their favorite coin is "really the #2" behind BTC.

Not all rationale is equal though.

So what matters is whether or not your premise is correct.
If you assume POW is dead then we are #2 to ripple.
If you assume Centralization is dead then we are #1 

I think there will be plenty of market share to go around in a growing market.

Indeed, not all rationales are equal, for example:

Ripple is presently centralized, but is not inherently so. In the future it will be as decentralized as its eventual participants want, at least as much as current internet backbones a.k.a "autonomous routing systems" and likely much more.

Yes it will be a worldwide cartel of central banks and private financial institutions (for validation) but that's not centralized since there will be no single locus of control and greedy bankers will all police each other

In other words, the degree of centralization in Ripple is configurable by each site, in DPOS terms it would be as if each holder of BTS would get to choose not only a slate of delegates but also the number of delegates AND the choices would be kept secret so that it would not even be possible for some powerful outside force to tell which delegates they have to go and threaten and/or bribe to do their bidding.

Cheers ...

General Discussion / [Provocative] BitUSD Isn't Worth The Trouble
« on: January 30, 2015, 09:43:50 pm »
A provocative post from the guy behind Truthcoin.

P.S. I am simply bringing it here to the community's attention, not claiming it as valid OR invalid.

Cheers ...

Reward halving (in USD) defacto happened two times since BTC ATH price.
Also, this time around same thing as last reward halving might happen, simply a temporary fall in difficulty followed by more hashrate coming online to return to previous hashrate, i.e. for two weeks you might get 4.5 to 5 blocks per hour instead of 6.5 on average, that's all.

General Discussion / Re: Spec Chart for Major Cryptos
« on: January 16, 2015, 09:40:24 pm »
I just couldn't resist, registered on their forum and made a LOOONG post to give them some better info..

There's no need to waste time trying to educate the clueless western marketoid fanboys of NXT, NXT is in a death spiral with falling trading volume and market cap ...

Just let the nature take its course ...

General Discussion / Re: Spec Chart for Major Cryptos
« on: January 16, 2015, 09:14:33 pm »
IMHO, I found the NXT community to be composed of some shrewd Russian founders/whales plus lots of clueless western fan-boys who put out such propaganda charts

General Discussion / Re: Spec Chart for Major Cryptos
« on: January 16, 2015, 08:05:00 pm »
This image looks like NXT propaganda because some row's are NXT-specific which are entirely moot for other systems, i.e. "Transparent Forging" WTF ?

I do indeed hold tons of BTS (a percentage ! :-)

I posted in BitShares then on evolove's advice attempted to delete and repost in General discussion, I guess I failed to delete this thread.

PS @toast: I appreciate the support, but the last thing I would do is be scared off by some trolling comments lol

This is how a value proposition explanation is done !

There's much to learn here both as an explanation of why FI whales and their friends and family have been loading up on XRP (recent Bitcoin-induced panicked correction notwithstanding)

AND how one clearly presents system benefits to one's target audience ...

Enjoy ...

General Discussion / Re: ripple rally
« on: January 10, 2015, 02:46:38 pm »
@Alexkravets: For a long time I was a ripple supporter and I understand all the benefits of Ripple and absolutely make sense and will be used in the future. Although I do not like very much its centralization...

Ripple is currently controlled by RL and is expected to gradually month into an international cartel/consortium of financial institutions listing each other on their respective UNL lists.

As BM pointed out, after a certain point decentralization hits diminishing returns, so a cartel of 1000 FIs is basically just as decentralized as a collection of 10,000 "nodes" ie decentralization should be measured logarithmically.  The importan thing is that unlike presently, the system will not have a dental operator, somewhat similar to how internet backbones recognize each other for access to routing tables for example.

This maybe seen as a weekness by the "anybody can run a node to participate in consensus" crowd, but Ripple ( having no mining ) only provides a weaker indirect incentive of lower latency access to transactions and lack of middlemen trusted nodes as an incentive which is important for market makers and gateways but not Joe User.

Also, banks loove the idea of an industry consortium in control rather than some cowboy mining pools of Bitcoin.

What really frustrated me in Ripple and this is the reason I will never use it again as investment (buy xrp and hold) is its distribution. I was caught up in the huge dumping and there is no guarantee that this will not happen again when initial shareholders can massively dump. Every crypto can experience dumping but this risk with Ripple is much greater imho, especially after this rally the last month. Is there a reason to believe that this is not the case anymore?

Indeed, what I call Flood Risk struck with a vengeance last summer, since then the four parties with enough XRP to do massive dumping ( RL itself and 3 founders ) have been mostly neutralized by self interest and 3 slow-release lockup agreement.

Yes, XRP distribution is Ripples original sin and Flood Risk remains, but the adopters that matter ( FIs that wish to do settlement by having market makers trade their IOUs ) are never exposed to XRP Flood Risk, market makers and Long term investors too tho.

XRP puts could be used to insure holdings if/when they appear but, yes some residual flood risk remains. If XRP was NOT retained by founders but was gradually transferred by the ledger into well known RL accounts for sale and distribution, over say next 50 year, then XRP would've been trading at 10x market cap of BTC by now :-)

On the other hand Bitshares can do whatever ripple does and much more in a decentalized manner. Isn't it obvious that Bitshares is a better investment (buy and hold) than Ripple?

Bitshares does have user issued assets which could be interpreted as IOUs but it doesn't allow for the following:

trust lines
Multi hop atomic lowest-cost payment across both order books and market makers
IOU redemption mechanism, ie Ripple IOUs are debt with zero total supply not positive supply of BitShares user issued assets, while pegged assets cannot be used as IOUs bc they ain't.

What many hard money ppl tend to underestimate is that money-as debt allows for division of labour between issuers and market makers where the issuers/FIs carry zero counterparty risk in settlement while risk and rewards are transferred to market makers with their robotic algos

General Discussion / Re: ripple rally
« on: December 21, 2014, 11:38:36 pm »
THIS is why Ripple is unstoppable. FI = Financial Institution

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