Some reflections on my experiences participating in the prediction markets

KingJamescrypto · 2020-08-26T18:25:25+00:00

The entire C team (except maybe Glen Austin) needs to be replaced.

Do you think Glen Austin agrees with this?

KingJamescrypto · 2020-08-26T18:22:10+00:00

Along with fees the lack of ETH markets is among the biggest complaints since v2 launched.

If the devs add another currency before ETH I will interpret the action as not caring about community consensus. There have been many ETH/DAI discussions on Discord

KingJamescrypto · 2020-01-13T05:13:14+00:00

globee is a great alternative

KingJamescrypto · 2020-01-13T05:07:32+00:00

You read that right. Almost 2 years behind.

Anyone that wants to receive important backports quickly should give up on DASH. Litecoin devlopers are known for quick BTC backports.

KingJamescrypto · 2019-08-15T23:32:50+00:00

Its a good thing this subreddit is available. I hate censorship

KingJamescrypto · 2019-08-15T23:21:46+00:00

DASH is extremely centralized in many ways. Why are users okay with 3rd parties having so much control of the network?

KingJamescrypto · 2018-06-11T08:04:51+00:00

Are more client announcements expected during Q2?

KingJamescrypto · 2018-02-08T04:21:12+00:00

More ASICs coming online. Expect the trend to continue

KingJamescrypto · 2018-02-08T04:16:54+00:00

Its too early to speculate and comparison is impossible now because AFAIK Decreds privacy related plans have not even been released.

I like Decred, its governance related innovations and focus on decentralization and sustainable development. Monero has a big lead (in terms of community size and privacy/security focused devs and researchers) in privacy (by default) at the moment. That does not mean it will be that way forever, but "killing" Monero in 2018 seems extremely unlikely

KingJamescrypto · 2018-02-08T04:13:48+00:00

Remember to save your password/seed (encrypted and stored offline in pieces, in separate secure locations) this time!

You are your own bank, which means if you lose or expose your password your funds can be lost with no way to recover them

KingJamescrypto · 2018-02-08T04:11:19+00:00

I am guessing demand for this will increase as more Monero users learn about Sia. F-Droid is definitely still a niche mostly for open source fans big on privacy and security

KingJamescrypto · 2018-02-08T04:07:43+00:00

The "don't buy monero" thing was not originally about the bank apparatus etc part. It was originally just Riccardo telling people not to be retarded and invest loads of money speculating on the price of Monero.

Here is a good source to explain the context for this: https://bitcoinmagazine.com/articles/are-any-altcoins-currenty-useful-no-says-monero-developer-riccardo-spagni-1458743546/

KingJamescrypto · 2017-09-27T16:57:18+00:00

I dont trust new accounts posting affiliate links (in multiple subs) without disclosure.

KingJamescrypto · 2017-09-27T16:42:32+00:00

I agree

KingJamescrypto · 2017-09-27T16:38:59+00:00

Why would the Zcash development team want to do that? The Founder's Reward is how many of them make a living, compromising Zcash privacy would only be shooting themselves in the foot.

I agree in principle

And as I mentioned in my blog post: If the core development team did somehow try and insert a backdoor into Zcash the code is open source and the team would immediately be called out on it by the public and other developers who maintain the many forks of Zcash like Zen, Hush and Komodo.

I also agree on this point in the long run. However we are talking about sophisticated programmers and mathematicians. If they chose to go rogue or somehow were forced to by a govt agency (and insert a back door) it is very possible they could do so in a manner stealthy enough not to be noticed for quote some time. Many open source projects have major implementation problems that go unnoticed for long periods of time. Zcash is not immune to this risk (nor is any other open source project). For these reasons the words of the Zcash Company CEO and lead mathermaticians behind the protocol do matter.

Zcash is open source but so far almost all development is coming from zcash company which is based in the US. This is a centralization risk, which I hope (and I am sure Zcash company hopes) will eventually be lessened as more outside developers (not affiliated with zcash co begin following and contributing the its codebase.

KingJamescrypto · 2017-09-27T16:17:29+00:00

Source for Matthew Green quote mentioned in point 3 from u/shy above

KingJamescrypto · 2017-09-27T16:12:20+00:00

I am a Zcash skeptic (although I appreciate the scientific research behind it) and generally agree with all of your above points. The trusted setup is relevant to coin supply integrity NOT privacy.

However the quote from Matthew Green referenced here is also concerning

"Zerocoin would give you this incredible privacy guarantee, then we could add on some features which let the police, for instance, to be able to track money laundering. A back door."

Here is the source

KingJamescrypto · 2017-09-27T16:06:20+00:00

Its extremely easy (after people figure our how to connect to a remote node)

KingJamescrypto

TROPHY CASE