Monthly Archives: December 2015

Hobonickels, my love story

When I was first getting involved with Cryptocurrencies, I stumbled upon Hobonickels, the first altcoin which by then fulfilled my three required qualifications:

A knowledgeable, stable developer. The coin has been actively developed by Tranz, who added some nice features over the years, including uniques such as split stake/combine control, staking to another wallet, integrated blockchain explorer and traffic graph, and handy blockchain statistics. My preference only grew stronger as I tried other altcoins, where I missed those features greatly (such as staking totals per period of time).

Hybrid PoW/PoS coin to gain advantages of both systems in order to increase stability and security. Node incentives though high reward, while setting a price floor through mining expenses. to paraphrase Satoshi Nakamoto: without market, the price relates to mining cost.

A reasonable economic design. Yes, a coin with 100% yearly PoS reward might sound like a bad idea, but Hobonickels have a clever inflation control. The staking reward moves between 1% and 100%, depending on the adoption level through staking, currently at 95-85%, see recent blog post by Tranz here: http://news.hobonickels.info/?p=7

There are several things which came as a bonus, without me previously realizing them. There is a mature community surrounding this coin, many of the adopters are skilled adult programmers running their own projects. Node counts are stable all over the world, stretching from USA over Europe to Japan. Many coins are come and go, but Hobonickels seem different, no FUD, no childish behavior, no pump and dumps. I would say that this is partly due to the name of the coin, dismissed by most at first sight. Think economic – what has never risen in value cannot fall in it.

As time moved on, I started exploring Linux systems for staking and ended up compiling both the full version and a daemon version of Hobonickels for Armv7 (Rapberry Pi, Allwinner 80), so you can use that now straight out of the box. Also, blockchain is readily available for direct download.

You can come visit us here:

https://cryptocointalk.com/forum/300-hobonickels-hbn/
https://bitcointalk.org/index.php?topic=303749
https://forum.bitcoin.com/post10543.html#p10543

Vanillacoin VNL is the elephant in the room

Yes, you’ve heard right. After introducing the zero confirmation transactions and relentless software development including the UDP protocol (which honestly is the basis for every useful network application, including all online games, which focus on quick throughput – http://gafferongames.com/2015/09/12/is-it-just-me-or-is-networking-really-hard/). Recently, we have heard about BTC thinking about implementing their version of zero confirmations and it looks like information about VNL is slowly leaking to the outside world, see this comic depicting a mockery of Peter Todd wearing a VNL t-shirt.

https://chrispacia.files.wordpress.com/2015/11/vafopbz.jpg

in this article:

https://chrispacia.wordpress.com/2015/11/29/on-zero-confirmation-transactions/

 

 

Monero p&d project cancelled, leave the sinking boat

So it looks like David Latapie is now pretending to have been scammed in order to leave this XMR “project” in silence without suspicion. Needless to say, this story is probably a coverup and never happened. With the 0 programming effort that went into Monero (still not even a GUI today after 2 years), this comes as no surprise. Here is the quote:

Dear Moneroers,

There have been rumours about me. My silence was suspicious and there was even talks of criminal accusations in France.

Time to clear this up.

Months ago, I decided to go one step further in my involvement with Monero and to start a company to promote it (as well as the whole blockchain technology). It happened I made a terrible choice when it came to choose my partners. One of them, a very good smooth-talker, was a crook who managed to swindle us all (four other partners). We since discovered he was doing this for ten years. The French police eventually catched him and last thing I heard, he was in jail.

I deeply involved myself into this project, because it really meant a lot for me. This was not only about earning money, it was the culmination of years of sweating, not only in the society but also inside, in my head. So when everything crumbled, I was devastated.

I’m slowly recovering. It will take time, don’t expect to see me much active in the following months on Monero (I do have a great project in the works, where Monero plays a part – I won’t go into more details until I have something to show, though). I have to put a lot of things in order. The good news is that what doesn’t kill you makes you stronger.

I’m still the David Latapie you know. Weakened, but the same. So whatever you may have believed about me several months ago still holds true.

If you have any questions, feel free to ask.

Due to the characteristic properties, it is also possible that Latapie served as a puppet manipulated by someone else, this gave Monero a public image it needed so much for self-promotion.

https://bitcointalk.org/index.php?topic=1272304.0;all

 

Idiot goes on leveraging, talks of “weak hands”

By definition, all leveraged trading equals weak hands, if you don’t realize this, you shouldn’t attempt to trade. The term “weak hands” is intended for long-term trading, funded with your own finance and not with some institutional money, on which liquidity providers make cash. I would even go so far as to say that leveraging tears your hands straight off like a grenade and resembles gambling on a much larger scale than Bitcoin or crypto itself. Needless to say, that guy lost everything. Take care.

Sell all your EarthCoin right now

I originally bought a few EAC at 7 satoshi a piece after the project failed miserably with a dump by the author and discontinuation of all development 2 years ago. The coin is now being pumped by a team of predators or a whale. I recommend immediate exit if you’re in the profit. If not, you may want to wait longer.

Bitcoin Reddit conquered by despotism and opportunism

It happens to every popular field of human interest, assholes start taking over, people who just camp in a desperate attempt to become more important in a community by proving their worth through slamming, commanding and enslaving others in creation of their own power enclaves and ass-licking troops bound through nothing else but a promise of power. Expect this to get worse over time.

https://www.reddit.com/r/Bitcoin/comments/3uyedr/is_the_bitcoin_community_a_unique_snowflake/

For any serious discussion, I advise you to move to https://www.reddit.com/r/Buttcoin

Internet disrupted every industry

industries disrupted by internet in the past 5 years:
-advertising
-television, movies
-telephone
-music, copyright
-transport
-travel
-goods distribution (10 years)

Industries to be disrupted by the blockchain technology and the Internet in the following 10 years:
-banking, payments
-security, privacy

-internet (and all related branches)

This list will be updated and was made off the top of my head. It is important to realize that the hardest hit is the actual global monopoly by global competition, with ever falling prices of everything, but mostly in the sphere of these disruptions, focused around so called “services”, which the western world exchanged for production.