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I'm glad you mentioned ETN. ETN will be big by years end. Their mobile miner is intended to help people in countries like yours. It's pretty easy to send their currency between mobile devices.

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dude they making like 2 bucks a month they aren't going to pump your coin. first worlders is what is going to pump your coin. forget africa and venezuela, what is AMERICA going to buy?

Stability is not a problem because overtime the bigger it gets the less volatile it becomes, like PM/Stocks, etc which are much larger than crypto.

Original Poster1 point · 2 days ago

Is PM/Stocks really comparable to cryptocurrency? Is there evidence of any cryptocurrency stabilizing in price due to size? What is the mechanism that stabilizes it?

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Plenty of evidence. Bitcoin back in the day would go up like 200% in a day and you can see over time it's big gains and losses become more tame over time.

It wouldn't surprise me if they observe this subreddit very precisely.

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Original Poster-10 points · 8 days ago · edited 8 days ago

They do. They monitor facebook and facebook private messages as well. Facebook was created by the Pentagon. We're all on a list. Lookup Life Log, the pentagon/darpa database tracker, it ended the same day Facebook was created.

Facebook is deeply and completely compromised, but it was most certainly not "created by the pentagon", you're making yourself look like a conspiracy theorist and alienating curious outsiders who might otherwise take you seriously.

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Original Poster-5 points · 8 days ago

Don't care what I "look like" to other people. It's a fact that Facebook is the continuation of Life Log.

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Giant bluff, they have nothing to lose with it, though. If they can even prevent one (investigated) person from using it with these kinds of statements, it makes their jobs a lot easier. I'm thinking that anyone that has any technical knowledge knows that they won't be able to track these currencies, so the decision going forward is to use scare tactics and hope that they can prevent people from using them in the first place.

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Yep. If they could track it they wouldn't tell us. If they couldn't track it they would tell us they could. Obvious bluff.

I dont get the hidden wall mount thing. How does this hide it? If someone is looking for something I am sure they will take a look under the table. How does this replace just locking up your Nano in a small safe? Lock up cabinet? Why even hide it. Nano S has enough safety measures, if it gets to the extreme point of being held at gun point for your keys how is a little slot going to do anything?

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it's just an option, don't sperg out

sounds like you would like monero then

Your main argument is that it is centralized, and wealth is not distributed. Bitcoin is still a micro-fraction of what it will be if an economy were to run of it. yes mining may be somewhat centralized, but any really large bank could buy up 50% of the hash rate overnight at this point. And even if some company, bitmain or other, controls 50% of the hashrate, is it in their interest to take down the network or double spend? NO! the money they just invested in getting that hashrate becomes worthless. While I do agree it is not great to have mining centralized, I do not believe anything bad would happen with only a few large mining pools.

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Financial incentivization doesn't mean they won't take down the network. It means they might not, but guess what, they can short btc 100x and take down the network and make more profits than they could ever think of.

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It has all the properties of good money. The 2 most important, privacy and fungibility. There are no coins with any amount of adoption with these properties currently today except Monero. Fiat currency is better money than Bitcoin because fiat has privacy if you pay with paper cash. With Bitcoin you must announce to the world with a digital timestamp everytime you want to make a transaction, a governments dream. If everyone is using Bitcoin they can finally track all of those illegal deals and keep tabs on where everyone is spending their money. Bitcoin may as well be Fed Coin.

Remember when all of the media used to despise Bitcoin? It's because they thought it was anonymous. Once they realized chain analysis can be used to trace transactions, a lot of them suddenly like Bitcoin. Guess what? They still despise Monero, which is a good thing, in fact, it's the main coin they hate. That's a badge of honor that Bitcoin used to hold but now passed on to Monero.

All Bitcoins are not created equal. If someone sends you BTC you better do a chain analysis to make sure it hasn't been used for illegal purposes or you might have trouble converting it to fiat. Fiat, unfortunately, is better than Bitcoin, and always will be better than Bitcoin. Bitcoin cannot and never will be used as real money, nor a store of value. What good is a store of value if it's not even private? You hear the lightning network is going to make Bitcoin private but all it's going to do is re-create the banking system, further centralize it, and give those intermediary lightning nodes the ability to spy on your "private" transactions so no one will know about it.....except them. Monero is better than fiat and Bitcoin in every sense and I have yet to find any coin out there with a better use case: Good money.

Disclaimer: I do not own any cryptocurrency, I only study it.

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I agree that the privacy of XMR is better but the LN would still be better than the current banking system as far as control of your own funds goes (not talking about usability or other useful tools banks provide). At all times, you have the ability to pull your LN BTC out for any reason. With banks you are subject to their whims and desires as far as getting your money out. If they decide your account is in need of shutting down, your account is locked to you. So even if LN is centralized, I'll still take it over banks since it gives true control of money back to individuals.

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Original Poster0 points · 20 days ago

LN is not the peer to peer cash Satoshi had in mind. It's a complete deviation from it actually. Where does it say in the whitepaper it should require intermediaries and 2nd layer solutions? Monero is more in line with the Satoshi whitepaper than Bitcoin is.

I don't understand the comparison. Monero isn't anywhere near the scale that bitcoin handles and would probably require a 2nd layer solution to scale.

Also, why is satoshi the final voice on what peer to peer cash should look like? It sounds like religious dogma to stick to satoshis vision when he could not have predicted the issues that would arise.

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Original Poster1 point · 19 days ago

because if you aren't going to follow the whitepaper then you my as well just buy an alt coin instead of trying to do some frankenstein shit to bitcoin to fix it. it clearly failed as an experiment.

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I'm concerned Monero may moon too fast due to it being the only real and useful digital currency.

I think this won't happen that fast. People care about privacy after the fact. So maybe they will be interested Monero when they realize that Bitcoin is no longer anonymous due to KYC on exchanges.

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That's true that will happen but I don't think it's as far off as you think

Bitcoin will never have true private transactions and private transactions must be default and unchangeable anyways, which bitcoin will never have. If you have an option for privacy, the government will require you use transparent transactions so they can track you. The only answer is for default privacy that no one can change.

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It has all the properties of good money. The 2 most important, privacy and fungibility. There are no coins with any amount of adoption with these properties currently today except Monero. Fiat currency is better money than Bitcoin because fiat has privacy if you pay with paper cash. With Bitcoin you must announce to the world with a digital timestamp everytime you want to make a transaction, a governments dream. If everyone is using Bitcoin they can finally track all of those illegal deals and keep tabs on where everyone is spending their money. Bitcoin may as well be Fed Coin.

Remember when all of the media used to despise Bitcoin? It's because they thought it was anonymous. Once they realized chain analysis can be used to trace transactions, a lot of them suddenly like Bitcoin. Guess what? They still despise Monero, which is a good thing, in fact, it's the main coin they hate. That's a badge of honor that Bitcoin used to hold but now passed on to Monero.

Monero is essentially digital fiat that cannot be hyper inflated. Other than the obvious downsides of fiat, it does work very well for private transactions which is necessary for currency and a store of value. Not just because privacy is important but because privacy enables fungibility. Your dollar bills that were probably used to buy drugs are still treated the same way as dollar bills that weren't used to buy drugs. This is a necessary feature of money.

All Bitcoins are not created equal. If someone sends you BTC you better do a chain analysis to make sure it hasn't been used for illegal purposes or you might have trouble converting it to fiat. Fiat, unfortunately, is better than Bitcoin, and always will be better than Bitcoin. Bitcoin cannot and never will be used as real money, nor a store of value. What good is a store of value if it's not even private? You hear the lightning network is going to make Bitcoin private but all it's going to do is re-create the banking system, further centralize it, and give those intermediary lightning nodes the ability to spy on your "private" transactions so no one will know about it.....except them. Monero is better than fiat and Bitcoin in every sense and I have yet to find any coin out there with a better use case: Good money.

https://www.coindesk.com/goodbye-fungibility-ofacs-bitcoin-blacklist-remake-crypto/

Disclaimer: I do not own any cryptocurrency, I study it.

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You have missed some key points here. First of BTC allows for authorities to do chain analysis on individual criminals, especially after using due process to seize devices, IP records, passwords, etc.

However, BTC mitigates blanket surveillance. It's relatively easy to use coin mixers, ShapeShift, address hops, receive coin from individuals, etc. to obfuscate your funds. It is impossible for the authority to track everyone given the use of these techniques. Sure, they can see what you buy with your coinbase acct, or they will be able to track your individual purchases given warrants as described above. But they won't be able to track everyone's every move.

Onto Monero, I'm not against it outright, though I'm not 100% sure on it. Fiat's privacy is dependent on serialized physical pieces of paper that require moving them in the real world to exchange value. They can be tagged, inked, and tracked in many ways. There is at least some barrier for criminals to move it around; sending $100,000,000 across the globe would be non-trivial to conceal. While this hasn't stopped criminals from using fiat, I worry that powerful criminals, corrupt government officials, "evil" conglomerate corps, etc. may have a too easy way to launder and hide money. I'm still contemplating this concept, it's not fully developed yet, just food for thought.

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Original Poster1 point · 22 days ago

Coin mixers for bitcoin require trust in the mixers that they aren't a honeypot or don't give up your info to authorities. monero does trustless coin mixing. i think you're missing the point, which is that you need default privacy for fungibility like fiat has in order to become money. money needs to be able to be used for illegal purposes or it's not good money, it's fed coin. i don't use money for illegal purposes nor would i recommend it but it is a property of good money. and the blatant fact that most people dont want to reveal their life savings to the world and government especially.

money needs to be able to be used for illegal purposes

Uh sure, but making it easier for them to conceal them isn't necessarily a good thing. I'm just posing counter-arguments. Authorities should be able to track down human traffickers, corrupt politicians, hitmen, etc. Monero does make it easier for these people to hide. I'm just pointing out that's a potential downside.

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Original Poster2 points · 22 days ago

That's a necessary downside if you want true freedom. Just like the 4th amendment allows criminals to hide easier but we all recognize the importance of that amendment and understand why it's necessary.

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Then, "node." I'm still new to the crypto-space. Thanks!

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anyone can run a node. a masternode requires a certain number of tokens to run and offers more benefits than a regular node but centralize it more.

Could someone create a Youtube video on the steps to create a master node? I wouldn't mind running one but I have no idea how to start. Out of curiosity, is there an incentive for running a master node? I don't actually care if there's an incentive or not since I believe in Monero and just want to help support the community. Thanks!

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there are no masternodes in monero lol

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I don't like privacy coins that give an option for transparent transactions. Privacy must be set by default and unchangeable.

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Agreed. Fundability is a must for privacy

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Original Poster0 points · 23 days ago

can you send transparent transactions with cloak?

sounds more like you need BTC for your savings account and XLM as your checking account. I wouldn't use BTC for day to day transactions if i were only making $2 a month, you'll pay that just in fee's.

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If Trump gets re-elected in 2020 BTC is going to do very very well I think. I believe Trumps escalation of the trade wars will be very beneficial for BTC. BTC will thrive in chaos. Who needs BTC if there's no chaos? If there's no chaos then USD will be strong. I like to think of Bitcoin as the anti-USD because they are both competing for the world reserve currency of the future and Bitcoin has a much better chance at dethroning the USD than the USD has at keeping that position. Trump probably hates BTC because it does nothing for the US and he's a nationalist. In fact his trade war isn't just bad for the USD, but it's bad for every countries fiat currency involved which is fantastic news for Bitcoin hodlers. People with a lot of fiat are looking for alternatives and they're likely to buy Bitcoin and Gold in my opinion.

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Original Poster1 point · 24 days ago

But you will bow to the propaganda in the media.

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Original Poster1 point · 24 days ago

Enjoy losing.

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Out of curiosity what coin did you buy to make back your money ?

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Original Poster-4 points · 29 days ago · edited 29 days ago

EOS although i fucking hate that coin now i did get 100% of my money back cause i went all in when it was 4 dollars and sold it at $22.

Ya right, he has more than enough. They all bought new houses lol

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Original Poster0 points · 29 days ago

they have like 250k worth of btcp left between the entire team. they are dead broke

They had money earlier on im sure. They were all moving when the project was getting off the ground. Clearly had some decent funds at one point.

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Original Poster1 point · 29 days ago

they had like 2 million total and lost most of it

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Jed Mccaleb says 85 billion lumens will be released over 10 years which equals roughly 8 billion lumens added to the circulating supply each year. This is what keeps me from going long on XLM. It's useful for making quick payments but it's something I pick up and use when I need it, then go back to Bitcoin for a store of value. If we learned anything from ZCL/BTCP fork, we saw what happens when you jack up the circulating supply, you hurt the price considerably

Let's look at the numbers (rough estimates). Theres a total supply of 104 billion (increasing by 1 billion every year due to normal inflation) with a circulating supply of about 19 billion and about 85 billion more to be released over a period of 10 years (according to the creator of XLM). In one years time if they release about 8 billion into the circulating supply, that's about a 33% inflation rate for the year which is very high. You hold XLM for 1 year and they lose about 30% of their value (19b -> 27b). The next year another 8 billion is released and they lose 25% of their value (27b -> 35b). 3rd year is about a 20% loss ( 35b -> 43b) 4th year about a 15% loss (43b -> 51b) and so on. So as you can see, overtime the hidden hyper inflation does get lower and lower but is still very high for the first few years, making XLM a bad store of value, and a better tool to use when needed. Now, if you think mass adoption will save you, it won't. It will certainly help but that just means those big gains you got are gonna take heavy losses.

This isn't intended to be fud, as i'm a fan of XLM because of it's performance and I use it when necessary because it's so quick cheap to send. But by no means would I consider XLM a store of value until most of the supply has been released. BTC is a store of value because it's supply is released so slowly. And I assume most people know XLM isn't a store of value but I'm sure there are still people out there who believe it is.

EDIT: Solution? Demand more clarification on the distribution of XLM and/or demand a coin burn. 85 billion lumens over a course of 85 years sounds a lot better. Or burning 50 billion lumens would be good as well. I like comparing Lumens to Dollars and Bitcoin to Gold. Lumens make a great everyday currency but not a store of value. Gold is impractial for everyday use but is a great store of value. I actually believe XLM has one of the best shots at becoming the future of digital cash, although i think digital gold will be worth a lot more.

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This should theoretically already be priced into the market since we all know about it. If it were sudden and unexpected that would be another thing, but since it’s a known thing people like you who are not buying because of it are already keeping the price down (this isn’t saying it’s a bad thing, just a thing).

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Original Poster0 points · 29 days ago

most newcomers have no idea about circ supply / total supply ratio's and it's evident from some of the comments here of people who had no idea about the hidden inflation.

2 points · 29 days ago · edited 29 days ago

Not to poke at your argument, I'm not an economist and what you say has been true all my life, but I've been around XLM since it was STR and not a single distribution (around/over half billion) has affected the immediate price. Ever. In 4 years.

For the reasons explained by u/KodineDreamin (which make sense to me) the release of new coin batches by the SDF does not materialize as Hyper Inflation. They've always distributed them to projects/institutions that brought enough value/volume/confidence to the network ecosystem to (completely) counter or reverse the inflation effect, meaning the price actually went up because of the beneficiaries' contributions.

This is based on experience, does not mean it will be the same in the future, but what it means to me is that the SDF knows what the heck they are doing.

If you are new to XLM all I can tell you is that their lips might be sealed, but their mission has been stated clearly, and I urge you to look at what they do and what they have done, it speaks more to their integrity than a stream of blog posts and press releases.

So far they've acted impeccably towards the mission goals that have pushed me to invest, and the fact that they stick to that mission rather than PR just reinforces my trust in them. I have had years to build my opinion on the results of their work and watch the outcome of their decisions, give yourself some time and see if you can get a glimpse of what I'm saying. Then and only then, decide if you too want to invest in this project.

EDIT: grammar, that biatch..

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Original Poster1 point · 29 days ago

Like I said, small marketcaps aren't affected that much.

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It has successfully implemented plasma cash on DPoS sidechains as a 2nd layer on top of Ethereum utilizing Ethereum's immutability for security while governing the sidechains using EOS's DPoS. This gives it near instant transaction times with no gas fee's and unlimited scalability just like EOS. Dev's can also use any popular coding language and compile it into Solidity very easily with Loom.

No one needs EOS anymore, tell me how i'm wrong. Vitalik tweeted about Loom Network not too long ago because he knows this is going to make EOS less relevant. That is why you seen Loom making massive gains the past few months because people are finding out about it. All I can say is the more it grows the more attention it will get and it's going to steal a lot of market share from EOS.

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What happens when Loom needs to interact with the ETH network and the transaction takes 8 hours to clear?

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Original Poster1 point · 1 month ago

but they don't. i just sent a transaction and it took 38 seconds with a 1 cent fee

Being linked to the Ethereum network, thereby making it more secure, is a red herring. As long as the side chains are run via centralised actors it doesn't matter what you try to peg it to. It's like if I make my my own bank balances that you will adhere to but I'll peg it to Ethereum - it's now secure don't worry.

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Original Poster1 point · 1 month ago

the side chains are run via DPoS you derp, so you think DPoS is centralized? glad you'll be selling your EOS!

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I've been watching it for a few months and it always seems to pump pretty hard and consistently. I looked at the website and it says:

"Loom Network’s DPoS sidechains allow for truly scalable blockchain games and DApps with the security of Ethereum mainnet. Like EOS on Ethereum."

They claim to have built the world’s first Plasma Cash implementation, but I thought plasma cash wasn't ready or something till 2020? What am I missing here? Why is this token getting so much attention now? They claim to have sub second free unlimitedly scalable transactions on Ethereum, is it legit? I remember a month or so ago Vitalik tweeting about DPoS sidechains and how much he liked them and then Loom immediately pumped. Is it hype or is it something worth looking at? Genuinely curious.

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The pumps are a result of Major exchange listings.

Here are the facts!

Loom Network DAppChains are built for Games and Social Apps. Token-based karma, Ethereum-based crypto-collectibles, all based on forkable, decentralized, and human-readable blockchain rulesets. DAppChains are full-featured blockchains that are built to run in parallel to Ethereum Smart Contracts. They’re an advanced form of Ethereum sidechains optimized for scaling data rather than financial transactions.

Not a shill or Financial Advise. Thanks!

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Original Poster2 points · 1 month ago

Seems like it's just a general purpose platform layer focused on games and social apps but not limited to. Are there any other coins/tokens that do DPoS sidechains or is Loom the only one?

Most prominent delegated proof of stake coin currently is EOS.

Its has the most volume out of all DPOS coins.

Not shill or Financial Advise. Thanks!

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Original Poster2 points · 1 month ago

I don't mean main chain DPoS I mean sidechain 2nd layer DPoS on top of another platform. EOS is mainchain DPoS. I guess Loom is the only one.

Original Poster1 point · 1 month ago

Isn't that why Loom is always pumping hard or am I missing something?

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What do I do now?? I made sure I wrote it down correctly I read it over twice. Please someone give me advice.

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7 comments

Just Os not zeros.

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Original Poster13 points · 1 month ago

omg you're right you saved me

idk must be your browser it works for me and i tried it on 3 different browsers

Original Poster1 point · 1 month ago

Haha, not sure how you arrived at that conclusion from the information given. I'm using Chrome, which the site says it supports, and it worked as recently as about a month and a half ago on the same PC w/ the same browser.

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what operating system

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