I don't have a dog in this fight. In fact it's so confusing I don't know which of both factions has a better case. But I'm pretty sure the wild accusations both fling at each other are in many cases heavily based on agendas. Take everything you read with a grain of salt.
I don't agree with this. It may be a bad time to start investing, due to the price, but Bitcoin Cash is the corrupted currency in my opinion. Roger and his cronies were spamming the network for months, trying to create demand and when he finally got his big block coin, he wouldn't sell more than a few BTC for it. He's all about the money, along with Bitmain. I concede some core developers (like Luke-jr) are not the greatest, but they've been in control since day one.
I don't know much about bitcoin, but I do know that the original people who took over from Satoshi (Gavin Andresen, Mike Hearn) were ousted in rather ugly and public ways a couple of years ago. As far as Roger Ver is concerned, I believe he is also one of the earliest people in the space.
EDIT: Come to think of it, the people currently leading bitcoin development originally told Satoshi (on the crypto mailing list) that bitcoin would never work (Greg Maxwell and Adam Back both).
For fucks sake. Show the "spam," track it to an individual. The blockchain is transparent yet no one has done this.
This is what my other comment was about. Named users in the community have been made into horrific caricatures who are the basis for conspiracies no one is able to prove despite the transparency of Bitcoin itself.
May was the peak of controversy, arguments and discussions about future of scaling bitcoin. core vs unlimited node count, miner support, vendor/merchant support - nobody knew how would things turn out.
throughout that time one of main arguments was that blocks were full and mempool (unconfirmed transactions) was gigantic.
the moment camps settled on agreeing to disagree - mempool was gone.
feel free to continue pretending this all was simply a coincidence.
The specific claim was that it was from "Roger Ver and his cronies," not that a mempool backlog exists.
Show the transactions you claim to be "spam," and identify the persons behind them. Go do it.
Show the damned transactions.
> with knowledge of notable events
The claim was very specific, show the damned transactions.
>i don't really care that i can't convince you
Because you can't show what the "spam" is let alone show who is "spamming."
But as keymone said, the timeline of events is fishy. How come they stop when the block size debate does, or Roger uses them as examples in post after post of why Core needed to be replaced because of this huge backlog. When, you can look at the transactions yourself, most are dust, and they peak when the debate does.
I can't prove it, sure. But myself and many others think this because it is logical, and it sounds like there is no changing your mind so we'll stop here.
They literally want to edit Satoshi's bitcoin whitepaper[1]. One of the supporters of editing the paper is theymos, who runs the censored Reddit sub.
I was banned there after reporting a violent user who was urging the torture of Jihan Wu[2] of Bitmain. Violent invective and hate directed towards races & nationalities somehow are not insta-moderated while mundane comments about Bitcoin itself get mod-queued forever? Its out of control there.
That lot is not to be trusted.
[1] https://github.com/bitcoin-dot-org/bitcoin.org/issues/1325
https://np.reddit.com/r/BitcoinMarkets/comments/6rxw7k/infor...
Weird personal agendas like thinking SegWit is a good upgrade for Bitcoin? Skip the ad hominem.
>It's widely reported elsewhere that their moderator stole millions of dollars worth of Bitcoin from users.
Is this about theymos being donated a ton of bitcoins to host and improve some forum software back when they were worth nothing, and then using it for that? People are still on that witchhunt after all these years?
https://www.reddit.com/r/Bitcoin/comments/2mcdb4/thermos_is_... https://www.reddit.com/r/Bitcoin/comments/23crla/rtechnology... https://www.reddit.com/r/Bitcoin/comments/23o0hs/an_rbitcoin...
Shit, I'd appreciate it if you named some. I'm actually planning on putting my entire next paycheck towards crypto. Currently eyeing Neo even though I apparently missed the boat by not buying it when it was called ant.
There's a lot of interesting tech/code behind it. Check out the Monero subreddit and/or start here: https://www.monero.how/
I learned about Monero when someone else mentioned it in a comment here on HN earlier this year. After doing my own research, I believe Monero was and still remains the best solution available to fulfill the requirements of a decentralized digital currency.
Check out bitfinex.com and start trading pairs there. They have a description under every currency that should help.
Are their banking issues all resolved now?
Also, if you're domiciled in the US, Bitfinex won't even do business with you [1].
For US customers who what to be legal, Gemini seems pretty solid and verifies new accounts quickly, though they only support Bitcoin and Ethereum [2].
[0] https://www.coindesk.com/spreads-widen-bitcoin-exchanges-ami...
Gemini is great, but they are slow to verify and as you stated very limited on your trading pairs.
How did you decide this?
It also already has SegWit and has for months.
https://github.com/EOSIO/Documentation/blob/master/Technical...
And decide
For investment only outlook
Token Model and Resource Usage
PLEASE NOTE: CRYPTOGRAPHIC TOKENS REFERRED TO IN THIS WHITE PAPER REFER TO CRYPTOGRAPHIC TOKENS ON A LAUNCHED BLOCKCHAIN THAT ADOPTS THE EOS.IO SOFTWARE. THEY DO NOT REFER TO THE ERC-20 COMPATIBLE TOKENS BEING DISTRIBUTED ON THE ETHEREUM BLOCKCHAIN IN CONNECTION WITH THE EOS TOKEN DISTRIBUTION.
All blockchains are resource constrained and require a system to prevent abuse. With a blockchain that uses EOS.IO software, there are three broad classes of resources that are consumed by applications:
Bandwidth and Log Storage (Disk); Computation and Computational Backlog (CPU); and State Storage (RAM). Bandwidth and computation have two components, instantaneous usage and long-term usage. A blockchain maintains a log of all messages and this log is ultimately stored and downloaded by all full nodes. With the log of messages it is possible to reconstruct the state of all applications.
The computational debt is calculations that must be performed to regenerate state from the message log. If the computational debt grows too large then it becomes necessary to take snapshots of the blockchain's state and discard the blockchain's history. If computational debt grows too quickly then it may take 6 months to replay 1 year worth of transactions. It is critical, therefore, that the computational debt be carefully managed.
Blockchain state storage is information that is accessible from application logic. It includes information such as order books and account balances. If the state is never read by the application then it should not be stored. For example, blog post content and comments are not read by application logic so they should not be stored in the blockchain's state. Meanwhile the existence of a post/comment, the number of votes, and other properties do get stored as part of the blockchain's state.
Block producers publish their available capacity for bandwidth, computation, and state. The EOS.IO software allows each account to consume a percentage of the available capacity proportional to the amount of tokens held in a 3-day staking contract. For example, if a blockchain based on the EOS.IO software is launched and if an account holds 1% of the total tokens distributable pursuant to that blockchain, then that account has the potential to utilize 1% of the state storage capacity.
Adopting the EOS.IO software on a launched blockchain means bandwidth and computational capacity are allocated on a fractional reserve basis because they are transient (unused capacity cannot be saved for future use). The algorithm used by EOS.IO software is similar to the algorithm used by Steem to rate-limit bandwidth usage.
That said, there are still relatively young coins I'm really looking at investing in this week including NEO and Golem. I'm still trying to get more information on Golem because I think the idea of shared computing power globally is one of the most understated computing revolutions in our age. If anyone has any digestible information on the brass project (Golem), please point it out to me; I still find it a tad arcane.
Other coins to watch/buy are welcome.
There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill. Be wary of the 4chan crowd who seem to be everywhere hyping obscure currencies to get rich off of pump-and-dump schemes.
If you're going to invest in a cryptocurrency, thoroughly research it before buying. Trust nothing on an official website or forum. Verify everything you read on public forums.
And never leave your money at exchanges. The #1 rule of cryptocurrency is this: Coins are not in your possession until you are the only one with the private keys.