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Messages - Troglodactyl

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226
General Discussion / Re: Micropayment channel with bitUSD
« on: June 03, 2015, 12:42:03 pm »
I agree this is a great idea.  People can always spam the network with invalid transactions with or without this, but they shouldn't be propagated, and the sender should be disconnected when this happens.

I don't think we need "valid_from" for this, just transaction expiration.  After funding the multisig, the parties just need to keep updating signed settling transactions shared between them.  If the previous settling transaction is about to expire and you don't have a new one yet, broadcast the last one.

Micropayment channels like this are also perfect for mesh networking. 

227
I've used your guide and it has made an amazing difference for my R9 265! I average 2.9Mh/s and have peaked at a little over 4Mh/s. I am planning to put a R9 295x2 in my computer next week and was originally going to use the R7 265 through a powered PCI-e 1x to PCI-e 16x riser cable. But since I found this modification, I don't know if/how I could use the two cards in the one computer and make use of the speed increases. Will I have to get a second computer to run the two different cards? Will the modification work if I use multiple cards that are the exact same model?


Sent from my iPhone using Tapatalk
I'm running two R9 270Xs in my system and this works fine.

228
General Discussion / Re: Fake Internet Plan
« on: June 02, 2015, 12:30:46 pm »
BitShares and MaidSafe could go so well together!  They need DPOS, our crowd funding, and our economic system, and we need their routing system, hosting, and storage.

SAFE will go well with everything.. but unclear why they will "need" DPOS; they had the fastest crowdfunding seen in a while; the SafeCoin will act like cash.. obviously, it'll evidence their utility, if they support BitShares and others but "need" is a bit of a stretch -> will benefit from.

MaidSafe has a lot of cool tech that I'm really excited about, but SafeCoin isn't it.  I don't really think they've ever had good economics behind their project, and I think while we'll all benefit from what they're developing, those who invested in SafeCoin will be disappointed.

229
General Discussion / Re: Fake Internet Plan
« on: June 02, 2015, 01:51:32 am »
Solution,  Bitshares & maidsafe....boom!

A marketing campaign that highlighted how such an Internet would be, in short order, like a mental zoo, populated by animals that had been inbred for a thousand years whilst being tortured daily by psychotic keepers.

Corporate internet is an intellectually and morally vacant echo-chamber, devoid of truth or life.

BitShares and MaidSafe could go so well together!  They need DPOS, our crowd funding, and our economic system, and we need their routing system, hosting, and storage.

230
Apparently there's an AMA today, and there are accusations here:

https://bitcointalk.org/index.php?topic=1075211.0

231
BitShares Insider Trading Newsletter?

winner winner chicken dinner! what's yer addy/name to send your winnings?

btw, don't forget to sign up for the newsletter.  ;)
Ha! Troglodactyl, same as forum name.

232
And thanks again to everyone who thought that the devs were selling and moving to the Cayman Islands. with all their insider profits.

So, are you saying that's been canceled? 

****! ... I knew I should have signed up for the BITN. (<-- 100 BTS to the first person to correctly figure out the acronym).

Such is life.

BitShares Insider Trading Newsletter?

233
Random Discussion / Re: Maidsafe under 7500 sats
« on: May 29, 2015, 10:52:57 pm »
It looks like MaidSafe may have some really cool tech, but I haven't seen anything likely to make their tokens increase in value.  Mostly they seem to be building "common good" infrastructure with no idea how to align the incentives properly.  It would be cool if they partnered with us: we have the model to maintain that infrastructure development, but they seem to be ahead on DHT routing and related network services, as well as data hosting.

I disagree:
https://forum.safenetwork.io/t/what-gives-safecoin-value-and-differentiates-it-from-altcoins/411/18

My crypto portfolio now is pretty much all Bitshares, Maidsafe and Bitcoin.

I'm not saying SafeCoin will be worthless, just that I don't see why the value would increase significantly.  SafeCoin is backed by storage and network resources, and MaidSafe is designed to make access to those resources as cheap as possible by greatly reducing market friction.

There are at least three options with MaidSafe:
1. Buy hard drives and network resources to earn SafeCoin.
2. Buy SafeCoin and wait for it to appreciate.
3. Invest elsewhere and wait for MaidSafe to save you money by making storage cheaper.

Option 1 seems like a bad idea, because until saturation, you'll be undercut by people with currently wasted resources, and after saturation you'll be undercut by larger farms due to economies of scale.

Option 2 will only be profitable if the value of the resources commanded by SafeCoin increases faster than the supply of SafeCoin, which seems contrary to the MaidSafe design.  Or if speculative value dominates backing based value in SafeCoin.

That leaves me really excited about MaidSafe, but entirely unmotivated to buy any SafeCoin.  I'd like to want to buy SafeCoin, so please explain if I'm in error.

You raise some fair points however my understanding that is on day one, 30% will have already been allocated which leads to a much higher level of speculative value:

Cap: 4.3 billion
5% investors
10% Crowdsale
5% Held by the Maidsafe foundation to allocate to core developers.
10% Allocated by the network to developers who create applications that people use.

The other 70% will be rewarded slowly by the network.

You mention in point 3 about storage being made cheaper - I think if Maidsafe is successful it will be so much more than a decentralised dropbox. You will see massive applications - initially it will be the illicit ones that cause the network effect to really take off (There will be streaming/sharing sites that remove the need for torrenting and silk road'esque sites will be reborn). Eventually there will be all kinds of sites replacing the normal web but ensuring privacy.

The current valuation of this "new internet" network is ~$70million (based on marketcap of all coins that will eventually be minted). That's a spec in the ocean compared to the current internet. I know this is not an easy comparison because the current internet isn't monotised in the same way but to me it's a signal that things could get much much bigger.

Ok, I see another potential issue here.  If 70% is being gradually minted to pay resource providers, that means the 30% holders are effectively subsidizing the resource providers with their losses (or decreased gains) do to dilution.  Speculatively, one might hope that subsidizing network services with stockpiled investor money to make them artificially cheap would build the brand and drive up the shareprice, but that's pretty speculative.  Once the infrastructure is in place the actual business model seems like it should be simply selling resources to the network, and buying resources from the network.  The currency used for those transactions isn't terribly relevant except for the need to compensate the original developers, and those who maintain the system.

234
Random Discussion / Re: Maidsafe under 7500 sats
« on: May 29, 2015, 12:52:06 pm »
It looks like MaidSafe may have some really cool tech, but I haven't seen anything likely to make their tokens increase in value.  Mostly they seem to be building "common good" infrastructure with no idea how to align the incentives properly.  It would be cool if they partnered with us: we have the model to maintain that infrastructure development, but they seem to be ahead on DHT routing and related network services, as well as data hosting.

I disagree:
https://forum.safenetwork.io/t/what-gives-safecoin-value-and-differentiates-it-from-altcoins/411/18

My crypto portfolio now is pretty much all Bitshares, Maidsafe and Bitcoin.

I'm not saying SafeCoin will be worthless, just that I don't see why the value would increase significantly.  SafeCoin is backed by storage and network resources, and MaidSafe is designed to make access to those resources as cheap as possible by greatly reducing market friction.

There are at least three options with MaidSafe:
1. Buy hard drives and network resources to earn SafeCoin.
2. Buy SafeCoin and wait for it to appreciate.
3. Invest elsewhere and wait for MaidSafe to save you money by making storage cheaper.

Option 1 seems like a bad idea, because until saturation, you'll be undercut by people with currently wasted resources, and after saturation you'll be undercut by larger farms due to economies of scale.

Option 2 will only be profitable if the value of the resources commanded by SafeCoin increases faster than the supply of SafeCoin, which seems contrary to the MaidSafe design.  Or if speculative value dominates backing based value in SafeCoin.

That leaves me really excited about MaidSafe, but entirely unmotivated to buy any SafeCoin.  I'd like to want to buy SafeCoin, so please explain if I'm in error.

235
Random Discussion / Re: Maidsafe under 7500 sats
« on: May 29, 2015, 03:21:57 am »
It looks like MaidSafe may have some really cool tech, but I haven't seen anything likely to make their tokens increase in value.  Mostly they seem to be building "common good" infrastructure with no idea how to align the incentives properly.  It would be cool if they partnered with us: we have the model to maintain that infrastructure development, but they seem to be ahead on DHT routing and related network services, as well as data hosting.

236
DAC PLAY / Re: PLAY will be listed on Yunbi.com exchange today
« on: May 27, 2015, 01:57:36 pm »
Has there been any news about PLAY development recently? I haven't seen any, but maybe it's all in Chinese?

237
I could be much more helpful with this if short collateral could vote, unfortunately.

238
General Discussion / Re: Yunbi now trading NOTE:CNY
« on: May 25, 2015, 12:46:37 am »
Should we ask Bter and Btc38 to add NOTE?

Disclaimer: I'm not afraid about speculators

Sure, you can be the official liaison who helps them coordinate all the subsequent migrations they'll have to do
All of them? So you expect Notes to be wandering aimlessly from chain to chain for a while?  Good to know...

239
I don't care about hours or sick days, I care about results.

If such things are relevant for a particular worker position, the worker can commit to any conceivable accountability system off chain, and provide a hash of that signed commitment on chain.  Flexible accountability systems can be enforced manually or by voting scripts if there's support for them, but I see no need to impose a one size fits all solution at the protocol level.

240
This isn't actually enforceable unless the shareholders choose to enforce it.  Sure, the blockchain could be coded to auto vote out anyone who didn't update these fields, but the blockchain can't tell honest updates from placeholder updates designed just to keep the chain happy.

If the shareholders aren't actually behind these requirements, then they'll tolerate such placeholders.

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