Classy.

AllnGap - Just saw your post over the dispute corner. That was a close one man. Share with us your experience and how we could stay safe perhaps?

Basically our bro AllnGap nearly gotten into an A-B-C scam, where the scammer under a separate deal instructs victim to bank in to AllnGap, and in turn instructs AllnGap to transfer to his (scammer's) wallet.

I think it's good to have an "experience sharing" session, so people could protect and prevent such scams.

I know how you do it jack2.

ADA (Cardano) is interesting. Keeping an eye on it, though don't think it's the correct time to enter yet.
Very strong technical and academic backing, IOHK is working on it (same guys working on Ethereum Classic).

Just gonna nitpick and will say it is technically an algorithm, not a constant coded into the protocol.

Basically the algorithm says: For every 210,000 blocks, halve the amount of bitcoins released. If the halving process exceeded 64 (calculated with block height / 210,000), return 0 bitcoins.

Emission rate (over 33 halves, there are 64 as mentioned) is similar to below - Didn't format the figures to reflect satoshis:

Running both parity 1.8.0 (beta) and geth 1.7.2.

Looking forward to 15 seconds block time again..........

Part of the Byzantium release is to reduce block rewards from 5 ethers to 3 ethers.

Ah ah. Later bubble I sure laugh die you.



Don't jinx it bro. Hahaha

If I recall properly from reading their whitepaper, it's technically capless - the issuance was based on the amount of QASH being issued not the amount of ether being gathered (so a pro rata will be done if they exceed 500k eth).

Will double check later.

I don't think they will even refund anything though.

E.g. two buyers each contributing 300k ethers within the minimum duration, then the ration being 1:2 each, each of them will get 250k QASH (so a higher price for token to ether value).

I understand the need for liquidity, however I am still very cautious of capless ICOs.

Smart contract is basically a piece of code on the blockchain which runs deterministically each time when executed. Tokens and crowdsales are a form of smart contract on the ethereum blockchain.

Haven't really thought about it but it's probably something with the way Quoine deals with transfers on their end. One I could think of is the default gas limit set by .send function, but I'm not entirely sure.

Economically you are spot on - Gresham's law states that inferior money tends to be traded away, and good money tends to be hoarded, which in the long run decreases the quality of the "good money". The ideal money should be liquid and circulates around the economy.

On the other hand I don't think Bitcoin to be an alternative currency, rather more of an alternative asset, so there you have it.

I'll get to this later. Busy day lol.

Right - I have 5 minutes lol.

Lightning Network is great and I have great respect for Joseph Poon. When taken as the only scaling solution it does however have its own set of scalability and implementation issues, still going through work to be sorted. Some assumptions have to be made (e.g. the main chain is not congested at the first place) for it to work well. Down the road a block size increase may very well still be needed. Regulatory chokepoints. etc etc. Even worse, we now already have users, especially new ones, coming to the realisation "if Bitcoin is so great, why is it so expensive to transfer and takes so long?"

My preference for scalability is still a mixture of on chain scaling with off chain/state channel advancement, with on chain scaling being the long term goal and off chain/state channel being interim projects to cope with demand.

So yea. Promising deflationary asset; On the other hand not as technically adapt for peer to peer payments.

Hence proof of stake. Aside from power savings, there are inherent properties which make it possible to bake into the protocol to identify the formation of cartels, and respond accordingly towards malicious actors (e.g. slashing).

In a social setting cartels and coordinated choice game theories are totally expected, but it is possible to design the consensus protocol of a public blockchain so that an oligopolistic market model isn't an issue.

This post has been edited by Enigmatic: Nov 6 2017, 06:47 PM

You should join.

The event officially starts at 5:30PM if I recall correctly. 5PM starts the registration and stuff.

*shrugs* considered advertising I guess. Which is a bit sad as I know sirxl personally and what we are working towards is to advocate for blockchain use for both the private and public sectors in Malaysia.

Would like to hear more of your thoughts.

Ah - should have clarified - I mean with regard to the writeup from BCH.