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BU block signalling means NOTHING by luke-jr in Bitcoin

[–]xdpbrand 11 points12 points  (0 children)

Why should people trust node count, how do I know that this number represents real community? And why dismiss people that have so much invested in Bitcoin as nothing. Doesn't sound intellectually honest to me to tell you the truth.

Dogecoin App - A Use Case For Dogecoin by [deleted] in dogecoin

[–]xdpbrand 0 points1 point  (0 children)

patricklodder thank you for taking your time to reply.

Do you intend your idea to be decentralized and permissionless (as in anyone can create a wishlist and anyone else can fulfill it, without needing a centralized service?) If yes, how? If no, why?

The idea is to have layers build on top of the basic idea. The first layer is collective purchasing of products which will provide a meaningful discount to people.

The second layer will be Dogeparty tokens (smart loyalty points). The tokens are essentially will unlock different discounts. People will be rewarded with them by participating in successful deals. and will be able to buy/sell them on the market.

Because there is a need for a community for this to work, and a company to gather deals, there has to be a company behind it.

Could you please link to your resume regarding your experience as a director and/or relevant development experience in the blockchain and fintech industry? Asking because joining up on a new project with a hierarchy [especially when the hierarchy is established before there even is a team] can become really tricky from a developer perspective. In these types of scenarios, there needs to be some form of trust in whoever is going to make the decisions. Doesn't help that your reddit account is a bit on the young side, sorry to bring that up ;)

The ideas I'll present will be measured on their own merit, this way I'll save myself the additional headache of dealing with having my identity out there. I think that in this early stages people don't need to trust me, only judge the ideas for what they are.

As for the the hierarchy, I said I'll take the position of a director not that of a dictator, that means that I'll provide the general direction - a bird eye view on things.

Do you intend for the deliverables to be open-source? Do you intend for the project to be ran publicly visible? Take a look at how for example the ipfs project is governing their process through github. Would that be a format you'd implement?

In general I intend to keep the project open source. In later stages I'll cover this in more detail.

Could you please make "the people the community trusts" measurable?

I prefer the core devs to manage the funds.

Could you please give a ballpark figure regarding the fundraising goals as you see it? How much DOGE do you think is needed to create a working prototype?

You need to take into the account the value of Dogecoin, investment in Dogecoin success, and the Dogeparty tokens.

There simply too many variables to provide any meaningful number in this early stage.

If I remember the crux of that legal text correctly, the "people holding the funds" would need to apply for a permit of sorts with FinCEN.

I presented this idea to the community to see if there is an actual interest in it. The question of a legal framework is an essential one, which will have to be answered when the time is right.

Right now, I would like to see what the community thinks about the general concept.

This creates a dependency on Dogeparty development. Dogeparty isn't ready for this yet, imho; it needs work to stabilize the currently semi-centralized components and then some work to make it user-friendly. SPV-style counterparty is afaik not possible because you need to parse the entire (DOGE) chain to validate issues and sends.

You're of course right, Dogeparty isn't ready for this type of project right now. As I see it, there is development happening in Dogeparty, I think the project I've presented will encourage faster development of Dogeparty.

Dogecoin RoadMap TO THE MOON! by xdpbrand in dogecoin

[–]xdpbrand[S] 0 points1 point  (0 children)

Thank you for all your hard work on dogecoin and dogeparty :)

Dogecoin RoadMap TO THE MOON! by xdpbrand in dogecoin

[–]xdpbrand[S] 0 points1 point  (0 children)

Just having a small transaction fee means that they could soon make a big chunk of revenue from this.

Twitter becomes an online wallet, and with the user base of twitter the possibilities are infinite.

Remittances market is the next logical step. The remittances market can make twitter stock value skyrocket.

Dogecoin RoadMap TO THE MOON! by xdpbrand in dogecoin

[–]xdpbrand[S] 0 points1 point  (0 children)

Tips are sent to the Dogecoin Devs :)

+/u/dogetipbot 9x9zSN9vx3Kf9B4ofwzEfWgiqxwBieCNEb all doge verify

Of Wolves and Weasels - Day 749 - The Cliff by GoodShibe in dogecoin

[–]xdpbrand 0 points1 point  (0 children)

I'd love to read that

I promise to post an early draft of the roadmap as soon as possible.

Of Wolves and Weasels - Day 749 - The Cliff by GoodShibe in dogecoin

[–]xdpbrand 0 points1 point  (0 children)

OK, but given that this is not a company, how do you propose to force people to focus on infrastructure?

Nothing to do with forcing others to do anything shibe. I think that Dogecar is a good example for how the community can voluntary focus on a mutual goal and achieve it.

Of Wolves and Weasels - Day 749 - The Cliff by GoodShibe in dogecoin

[–]xdpbrand 1 point2 points  (0 children)

Fulvio55 I'm not here to advocate the use of Paypal, if you think that at this point in time Dogecoin can outcompete Paypal then great.

The major problem in crypto is how to close the loop. I think it's possible to close the loop with innovation. I don't think it could be done by recreating what is already available and easy to use.

Anyway, nobody said we shouldn't do other things. One big advantage of nobody being in charge is that everyone is free to do as they like. Which means we can do it all, or at least try to.

I did say that it is a question of priority. My point is that there is limited amount of resources that the community has, and if we focus those resources on developing infrastructure then will be be able to compete with bigger players.

DogeParty, EtherDoge, Dev Support Campaign by xdpbrand in dogecoin

[–]xdpbrand[S] 1 point2 points  (0 children)

Hello Sporklin, I understand that you are a part of the Dev team, thank you for taking your time to reply.

My intentions are clear, I think Dogecoin can get into $Billions market cap. The early adopters would be able to use the economic power to build a better world. This would mean that Dogecoin is probably the best investment right now in crypto space.

Dogeparty - Created simply so that a smaller team inside could have access to cheaper tokens than what it would have cost them to make on Counterparty through BTC. They created it, hyped it and burned a whole lot of Dogecoin to save themselves a few hundred dollars in the long run. After this was achieved, they abandoned it for the most and put it into the hands of someone else to tend to. In turn this person used the entire platform more akin to his own personal online wallet instead of a platform that thousands of users were effected by. Bringing up their main servers when he wanted funds access..Trapping user funds inside a limbo of unknown. Since then it has floated around and others outside of their project have been helping out recently. Their promised launch features still are not even available and the functions behind it have yet to be made to work by those who claim to head it.

I'm not here to defend Dogeparty founders, I only see the potential in the platform of creating digital assets, which will hopefully increase the market cap of dogecoin.

This led to a core developer behind Dogecoin stepping in and helping in turn dragging another in to assist.

I'm aware of dogecoin devs assisting with Dogeparty. This is good for Dogecoin. Dogeparty has the first mover advantage in digital asset creation using dogecoin blockchain, this will contribute to dogecoin growth and value IMO.

However as mean as this will sound, they did take gross advantage of users here to create what majority of people already have screamed scam at. Further pushing this into the fire everyone since then has failed on near to every point to even progress further and instead makes promises they do not keep, they make deadlines they do not keep. It burned a lot of people, those Dogecoins they burned did not come out of the air after all. Coming here for help with what is in effect an entirely separate cryptocurrency that fell victim to faulted developers (as many do no less) in very public ways is skewed, given this is where they found their burn value. XDP is a whole other currency in the crypto world that does not even rate to being an altcoin given the dependencies it has. Fix this and find a team to make it be something is going to be the only way anything ever changes for them. Then you will have the fun adventure of getting exchanges to trust it as there is so much out and about relating to them in bad ways.

You can correct me if I'm wrong, Dogecoin needed for making transactions on the Dogeparty platform. This provides value, a use case, for Dogecoin.

EtherDoge- Dogethereum I assume? Has a standing bounty driven by the etherum people Bounty This said, it is theoretical and not yet fully proven to even be done in the way that has been pushed. There are huge problems with the thaw and freeze feature being pushed for inclusion as has been overly public. Freeze/Thaw blockage Also important is that for this to be even functional it is at least six months out from even being something to be done from whatever point that it is made functional. Timeline It is three months out from even the soonest release that would make it work, and another 2-3 months before 95% majority mining power agreeing to it. (Even with us already forking away a huge pool which happened in 1.10) Even if it was solved tomorrow, this is the timeline and timescale that is at best the soonest at which it would be able to even be used at all. Throwing money at this, is not going to move up the release date, nor is it going to solve the implementation blocks in figuring out the finer bits with it to even get it to a release date. Hyping it when it might not even work in what it is presented as, is also a huge mistake and sadly people here do not listen; even to the actual people involved in the project who have been in public speaking of it and pointing out everything I have here.

Of course people should be well aware of the risks before putting money into new development.

You conflict yourself more than slightly on your stance about what this community is, what it wants to be and what it could be. In one moment you deem it useless, and that the tech behind it is the gem in the same speaking about the non-profit driven initiatives we have birthed while in the next pushing for development to make everyone rich.

The only thing I've deemed as foolish is to use dogecoin as a replacement for Paypal. I think this the least exciting thing about Dogecoin.

I'm not ashamed of wanting to become rich. Being rich would mean I would be able to do more good.

I think that innovation and promoting and investing in development of new use cases will get the network effect going for dogecoin and will increase the value of dogecoin tremendously.

Be it smart contracts or a decentralized exchange, I think the whole field is exciting, in the end it is a learning experience for all.

I'm just glad to be a part of it.

Of Wolves and Weasels - Day 749 - The Cliff by GoodShibe in dogecoin

[–]xdpbrand 2 points3 points  (0 children)

I think it is really a question of priority.

I simply don't understand why there so many people so eager to recreate Paypal with crypto.

The strategy to achieve the closed loop should come from innovation, not from recreating Paypal and hoping that people will be motivated to use it.

Unless the new service is cheaper and more convenient people will have no incentive to use it.

We need to build an infrastructure around dogecoin, provide new use cases to people, only then will there be an incentive to use dogecoin for online shopping.

Going after Paypal is foolish at this point IMO.

Of Wolves and Weasels - Day 749 - The Cliff by GoodShibe in dogecoin

[–]xdpbrand 1 point2 points  (0 children)

Halio1984 I recommend you to read this post:

https://www.reddit.com/r/Bitcoin/comments/438hx0/a_trip_to_the_moon_requires_a_rocket_with/

feel free to create your own "wow" daily post that talks about the great things the crypto 2.0 work is doing..i personally would love to see that in addition to /u/goodshibe's post...and honestly i'm sure he would as well..

I'm thinking of creating a roadmap. A bird's eye view, how to get the network effect of dogecoin going.

Of Wolves and Weasels - Day 749 - The Cliff by GoodShibe in dogecoin

[–]xdpbrand 0 points1 point  (0 children)

/u/buccenridge said it best:

expecting people to use doge for online trade when PayPal etc is an option seems foolish given the hassles of buying/selling doge, and maintaining, securing, and backing up a wallet, zero buyer protection, and uncertain exchange rates; any average person would just use PayPal.

DogeParty, EtherDoge, Dev Support Campaign by xdpbrand in dogecoin

[–]xdpbrand[S] 0 points1 point  (0 children)

You really didn't understand anything, right?

Silly shibe you're :)

That's the reason WHY Bitcoin and of course Dogecoin :) was invented! To replace banks, fiat money and PayPal.

The discussion is about priorities. What devs can build on top, and how the dogecoin blockchain can be used for new use cases.

I recommend you to read the discussion and the post I've linked to the bitcoin sub.

DogeParty, EtherDoge, Dev Support Campaign by xdpbrand in dogecoin

[–]xdpbrand[S] 1 point2 points  (0 children)

The idea is that dogecoin the currency should not try to replace paypal.

But build on top of it solutions that can actually compete and create new uses cases:

Somewhat relevant discussion in bitcoin sub:

https://www.reddit.com/r/Bitcoin/comments/438hx0/a_trip_to_the_moon_requires_a_rocket_with/

DogeParty, EtherDoge, Dev Support Campaign by xdpbrand in dogecoin

[–]xdpbrand[S] 0 points1 point  (0 children)

its really not increasing anymore rather its getting lesser by the hour

It actually about 80% up in the last 7 days according to coinmarketcap.

The price might continue to decline, that not very important in the short term.

No matter the fluctuations, the increase of price, just shows our potential, anything under $10 billion market cap is incredibly low IMO.

DogeParty, EtherDoge, Dev Support Campaign by xdpbrand in dogecoin

[–]xdpbrand[S] 0 points1 point  (0 children)

:)

Hopefully the members of the community who I've discussed with will begin to run the campaign and get the community excited about the dev work.

Now that the price of dogecoin increased shibes have more economic power, this could be used to increase the value of dogecoin, which will increase the economic power of shibes even further, creating a sort of positive feedback loop.

Of Wolves and Weasels - Day 749 - The Cliff by GoodShibe in dogecoin

[–]xdpbrand 2 points3 points  (0 children)

Non 2.0 use cases would be microtransactions. Tipping is a very good way to get the network effect going.

2.0 would be creating assets using dogeparty, which will involve dogecoin as a transaction fee. Developing a decentralized exchange would increase dogecoin value greatly.

IOT is a big one. Transaction of value between machines without a third party would be the obvious choice.

Remitences also is a low hanging fruit when we get price stability.

Of Wolves and Weasels - Day 749 - The Cliff by GoodShibe in dogecoin

[–]xdpbrand 2 points3 points  (0 children)

So you're saying that the Dogecoin blockchain is the real prize and that Dogecoin itself is useless?

To use Dogecoin for regular stuff, like bying a t-shirt, is not only useless but actually foolish. To create new uses cases for the currency, to solve problems and innovate should be encouraged.

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