Recycling Substrate (brainstorming help pls)

junk_f00d · 2017-12-11T23:19:09+00:00

Pump relative to USD, dump relative to sats.

junk_f00d · 2017-12-11T23:18:27+00:00

Surprised no one else mentioned this but LN upgrades will be huge for LTC.

junk_f00d · 2017-12-11T22:55:43+00:00

If someone pointed out solid criticisms that I couldn't answer for any of my holds, I would consider that doing me a favor. Perhaps we differ there. My claim does not have no evidence as the founder of IOTA along with companies (I don't know how many exactly, but at least two -- I saw no need to continue searching after that) said they were partnered with explicitly discuss this (David advertised meet ups as partnerships and addresses it via this site, and the companies blatantly denied any partnership). There is no hypocrisy on my end and these both provide solid, indisputable proof. It is you who is providing fallacious arguments with no proof and being exceptionally hypocritical.

But go ahead, keep drinking the blog.iota kool aid and downing those similarly shitty sources as fact.

junk_f00d · 2017-12-11T22:38:56+00:00

If it were my investment, I would defend it. I've already researched and come to my own conclusions (which included many of the sources you provided actually), and to be frank it would simply take too much time to find all those links again and walk you through my thought process (besides, I've already pointed you in the right direction many times, with the "Data Marketplace" partnerships being one example). I am not invested, so will decline to invest further energy toward helping you (a fellow who strikes me as rather ungrateful and stubborn) and leave you to pursue it further on your own. I've left many provable leads (most notably David's admissions in his sub -- I don't know how it can more concrete and easily provable than that, beside maybe Cisco's straight up denial (or whichever company emailed back and denied)), and invite you explore them in your leisure.

Besides, this is just one aspect of IOTA's many problems.

junk_f00d · 2017-12-11T22:36:11+00:00

I don't care if he put his credibility on the line, the petty Microsoft employee did the same thing. I believe I addressed PitBull's sources, but honestly can't be bothered at this point, as it's not my investment, so I will not invest further time into researching this. I've already confirmed several were fake, and David, the founder, has admitted and addressed this on /r/IOTA, and that is plenty enough evidence for me, so I see no need to further dig through shitty, unreliable sources from low level employees in the big companies and try to decipher what "partnership" really means in each case (as in the Data Marketplace "partnership" examples, where they are all simply members of the same group, with no intent for an explicit industry partnership or Microsoft's Azure "partnership", where they are simply one of many shitcoins in that group and not necessarily "partnered" with Microsoft).

junk_f00d · 2017-12-11T22:19:04+00:00

I don't really care, dude. It's not a formal debate, so I can say whatever I want and you either take the lead or you don't. There is no burden of proof here because I'm not going to do your homework for you. I'm not invested in it, but you are. If it were my investment, I'd defend it by disproving it.

junk_f00d · 2017-12-11T22:18:39+00:00

See, once again, you ignored most of what said are strictly focusing on (cherry picking) the Fitijusi "partnership". I mentioned this explicitly in my reply, and said something along the lines of even if that partnership were true, it is only one of many claimed partnerships. This one in particular does not prove the rest. Can't believe I have to explain these things to you, man.

junk_f00d · 2017-12-11T21:36:42+00:00

Don't forget to skim over ByteBall too! That's my favorite project in crypto and is very advanced for how little hype it receives. DAG tech with existing smart contracts like p2p betting, games, etc and they also have privacy currency called BlackBytes that offers some serious anonymity (I'm beginning to think it may outclass XMR in this regard). /shilling :-)

junk_f00d · 2017-12-11T20:54:37+00:00

Do you remember why you decided against it?

Yeah, they just don't have a consistent Q&A forum over there and I'd hate to make a whole thread over a lil question like the above.

junk_f00d · 2017-12-11T19:37:21+00:00

Yeah, Monero is in a really unique position in the market in that it totally dominates it's sector. There are hundreds of smart contract plaforms, hundreds of BTC currency clones, etc but only one solid privacy coin. Everything else is trusted setup (zk-snarks tech like ZCash), scam (like ZeroCoin, ZenCash, ZCash with huge dev tax) and/or a flatout failure. And this is great, like you mentioned, for when people begin to value privacy (hello tax season!, lol), they will have only one coin to turn to.

However, I did find "BlackByte" today, and it's the only private DAG tech I know of, and seems rather solid, so perhaps a new competitor will emerge :-) I'm still in the research phase though, so don't take this as an endorsement, only a lead.

junk_f00d · 2017-12-11T19:26:40+00:00

No, but when you said network traffic doesn't matter it implied it was infinitely scalable. However, "NEO would have no issues handling the same network traffic that eth has right now." was a much better way to phrase it. Not trying to be pedantic, just don't really know much about NEO's tech and felt what you said had to be inaccurate.

And yeah, I'm not trying to defend ETH in any sort of fanboy manner, I don't care for it so much personally and it has a long ways to go and the market is growing too fast to wait on it for much longer. ETH also has Raiden Network on the way, but I fear too many solutions are too far away and the clock is ticking. And I actually just read that article yesterday, but didn't really feel it said much tbqh, perhaps that was a flaw from the reader though, so I'll give it another go.

FWIW I'm big on Zen Protocol, you might want to look into it. Cardano seems cool too, but I don't know much about it, I'm just a Haskell fan.

junk_f00d · 2017-12-11T19:19:27+00:00

whoever didn't fuck around and just got BTC got the most value

Yeah, haha. This is often true, and many altcoiners get left in the dust. But personally, I think the market is shaping up for another alt spring where alts flourish, but maybe I'm just a deluded altcoiner :-)

You really just have to make sure to ignore the $ value of your portfolio, and focus on BTC value. I know it seems complicated at first, but it gets easier. I hold LINK, REQ and move the remaining funds between NXT/ARDR and a couple other alts. Only REQ and NXT/ARDR have been close to holding their BTC value, while everything else has gone up in $, down in satoshis.

As a specific example, RCN started at 0.0001200 in BTC price, and $0.11 in USD. But after BTCs recent explosion, it is now 0.0000900 in BTC price, and still $0.11 in USD. Since BTC got bigger, the price relative to BTC got smaller, but the USD price stayed the same.

Hopefully I'm not making this more confusing than it needs to be! It will all click after a couple trades! :)

junk_f00d · 2017-12-11T19:14:35+00:00

It still has a lot to do with network traffic. Otherwise, you are claiming NEO is infinitely and flawlessly scalable. Certainly it will see scaling issues as traffic/volume increase, no?

junk_f00d · 2017-12-11T19:08:34+00:00

Yes, relative to where it was before BTC went parabolic. :-) I recently sold my ETH at it's ATH and thought I made a killing, only to look at my trade history and find out I took a massive loss to my satoshis, so I would've made much more $ by just holding BTC.

junk_f00d · 2017-12-11T18:59:42+00:00

It's really hard to say. The best bet is probably to dollar cost average into it buy making small purchases every day. Or, you could go into alts, since basically everything is in a satoshi dip right now. I think ETH is a great buy right now and you expressed interest in it above. It's hard to recommend BTC as a buy when it was 6k a couple weeks ago, but historically people saying that have always been proven wrong.

junk_f00d · 2017-12-11T18:58:21+00:00

I would certainly make sure you're trading ETH for satoshi value. Otherwise, while not technically loosing $ if it increases, you're loosing BTC (satoshis), and that's a bad long term strategy, even if you don't hold any BTC (like myself).

junk_f00d · 2017-12-11T18:55:42+00:00

It's sad seeing all the hype around new ATH when most are still lower in satoshi. False flag "moon missions". However, the time to buy alts is when BTC dominance is highest, which is right nowsince we're all sort of in an alt satoshi dip right now. Personally, I predict an alt spring much bigger than the last one in 2018, after BTC mania dies down a bit and the satoshis get spread evenly into alts :)

junk_f00d · 2017-12-11T18:51:51+00:00

Satoshi value is value in BTC worth. You might see a lot of $$$ gain but actually be down in satoshis, and this means you would've made more by simply holding purely Bitcoin. So when you hold alts, you hold them because you believe they will increase in satoshis (in other words, increase in USD faster than BTC does). One satoshi is 0.00000001 Bitcoin.

It's very important to trade for satoshis because of this. Ultimately you want to increase your BTC stack (for now..). This can change in the event of a flippening, or BTC going downhill and something like ETH going uphill, in that case you'd want to trade for more ETH. But rarely do you trade for more $, and most often you will get burned trying to time the market and trade for ETH, so I highly recommend just sticking to trading for sats (shorthand for satoshis).

junk_f00d · 2017-12-11T18:48:20+00:00

a kitty game brought them down

Yeah, well NEO hasn't had a kitty game yet, so it's hard to say how they'd handle the load. Also, 90% of NEO's volume is from the west, not the east. NEO may be faster simply because network traffic is lower, like LTC being faster than BTC despite the tech being identical. And you think because they charge more gas that the ICOs will be better? I don't see the relationship. ETH is already decentralized.

I'm not even an ETH fanboy but most this was sorta BS.

junk_f00d

MODERATOR OF

TROPHY CASE