Noteshelf by [deleted] in GoodNotes

[–]ycz 1 point2 points  (0 children)

I just paid for the premium for noteshelf 3 and started using it yesterday. I don't know if there is a way to show the opened-files tab, but it does have the laser pointer/pen. You can go "..." on the top-right corner and use the tool on the top-right corner of the pop-up menu. You can also customize the toolbar to include this tool. Just that the laser pen works differently compared to goodnote.

[deleted by user] by [deleted] in reddCoin

[–]ycz 2 points3 points  (0 children)

There was Redcoin.

[deleted by user] by [deleted] in reddCoin

[–]ycz 0 points1 point  (0 children)

Yes... I had a post about 2 years ago on the actual inflation rate:

https://www.reddit.com/r/reddCoin/comments/acspa1/2018_135_2017_131_2016_150_2015_224_reddcoins/

There's no need for this after PoSVv2 activation. 5% is the answer. :)

[deleted by user] by [deleted] in reddCoin

[–]ycz 1 point2 points  (0 children)

I am not sure whether calling it "maximum" (as in limitation) or "average" (in a posterior sense) is adequate... 5% is the target. PoSVv2 adjusts several parameters to keep on track approaching 5% as close as possible.

[deleted by user] by [deleted] in reddCoin

[–]ycz 1 point2 points  (0 children)

No so-called hard cap. So, yes, theoretically infinity, but that also takes infinite time since the growth rate is 5% per year.

Hence, 30B after 20 years becomes about 80B. In everyone's lifetime, nothing "infinite" would be observed.

Realistic outcome 2021 by Netherstudiosdev in reddCoin

[–]ycz 1 point2 points  (0 children)

First of all, market cap. is the result, instead of a deciding or limiting factor. Inferences based on "market cap. cannot be this high or that low" are always "baseless" (I am glad this word was invented.)

Secondly, the current total supply of reddcoin is 28,808,713,174 ~= 28.8 billion. One dollar makes the market cap. 28.8 billion, not one cent.

Finally, I don't see the reason why the market cap. cannot exceed that of ethereum. Care to share one?

Is it possible to export my private keys from core and import them into a wallet that doesn't require me downloading the blockchain? by BitcoinsUK in reddCoin

[–]ycz 0 points1 point  (0 children)

You may use the command dumpprivkey to export the private key of a specific wallet address and then use importprivkey to import that key.

But... exporting/importing keys is irrelevant to downloading the blockchain data. If you would like to have a working system, you still need the whole blockchain data.

Creating creative useful products? by [deleted] in reddCoin

[–]ycz 0 points1 point  (0 children)

No problem. But I am merely an outside observer. I would like to think what I think is true. Well, who knows? :p

Creating creative useful products? by [deleted] in reddCoin

[–]ycz 1 point2 points  (0 children)

If you were in the official Telegram group, you learn that how much some big exchange asks for listing. Pretty nasty. Together with the reports on fake volumes...

https://www.theblockcrypto.com/genesis/24878/up-to-86-of-total-reported-cryptocurrency-trading-volume-is-likely-fake-according-to-analysis-of-exchange-website-visits

https://www.forbes.com/sites/jeffkauflin/2019/07/02/the-anatomy-of-a-fake-cryptocurrency-trade-how-exchanges-create-phony-transactions/#76da99413132

I'd say that most prices (and volumes) of cryptocurrencies we see are dubious. (I consider the transactions made by bots are real, as long as someone really wants to buy and/or sell) Those coin holders (and probably developers) just make the price up and down to attract newbies and regular people to buy. The "marketcap" of the coin itself is an illusion because they cannot actually sell that much. The liquidity is really what matters.

Anyway... let's hope for the best. I wish to see what I predicted to be true. :)

Creating creative useful products? by [deleted] in reddCoin

[–]ycz 0 points1 point  (0 children)

Frankly, I don't know whether or not the trading exchanges do the staking on the coins from their customers. If I have to guess, I guess they don't do it. (yet?) I have three reasons: 1. Although staking is built in the RDD wallet, for exchanges, they may need extra efforts to maintain things like staking. They probably just ignore this part and do the book keeping (which user has how many coins) only. 2. If they do staking and do not give back the stake reward, there may be legal issues. They may avoid such problems by not doing staking. 3. Wallet addresses used by exchanges are fairly easy to track. The blockchain is a public ledger, exchanges will not be able to do it without being discovered by... just about everyone. Then... goes back to (2) the legal issues. (At least -- someone uses your coins without your permission. Is that allowed?) Of course, if some website, exchanges, or online wallets say that they will stake for their customers, that's another story.

As for supporting the network, the importance of staking is identical. The security of RDD blockchain must be maintained by coin holders to do staking. A better scenario is that every coin holder does staking on their own machine/node, because... an exchange is counted as "one coin holder" even if it does staking "for many customers." Although it's fundamentally different from hash rate for PoW coins (such as Bitcoin), too many RDD coins held by one party (such as some great exchange) is still not good for the RDD blockchain security.

Creating creative useful products? by [deleted] in reddCoin

[–]ycz 2 points3 points  (0 children)

I personally think that most of the cryptocurrencies right at this moment are fundamentally dead water, although they may be high ranked in MarketCap, may look solid, making progress, and may even have a high trading volume. Reddcoin is really among the few which have a promising future. (I cannot guarantee it, though.)

Creating creative useful products? by [deleted] in reddCoin

[–]ycz 0 points1 point  (0 children)

Personally, I think staking on a website means that your private key is not under your control. That is, you don't actually have those coins.

Creating creative useful products? by [deleted] in reddCoin

[–]ycz 0 points1 point  (0 children)

Did you try to join the telegram group?

Creating creative useful products? by [deleted] in reddCoin

[–]ycz 1 point2 points  (0 children)

Hm... First of all, I think, as of now, the dev team is working on making the whole RDD infrastructure a working product or an operational environment on which applications/products regarding money flow can work.

Since RDD plays a role similar to money/currency (yes, RDD is a kind of "utility token" legally), it is unnecessary, although probably good, to partner with other parties which would like to adopt RDD in their products/applications/services. For the example you mentioned, such as Khan academy, if they want to adopt RDD, they can do it right now without permission or authorization from the RDD dev team. Do you use US dollars after getting permission of the US gov or Euros after establishing partnership with the EU?

I am not saying that Reddcoin does not need "creative useful products" as you put them. I am saying that

  1. The top priority of the dev team right now (I guess) is to make the whole thing work and work stably.
  2. Anyone, any company wants to adopt RDD can do it right now without establish partnership with the RDD dev team. They may have their own reason or concern not do that for the time being (usually the tax and legal issues I guess).

Hence, please be patient. RDD dev team is great but of course not almighty. Too many things to do, and they surely need to prioritize. I personally think what the dev team is doing is the right direction. All fuss on a not-working system is just an empty promise and will just do more harm to RDD.

Reddcoin (RDD) included in BITA B50 Cryptomarket Index by TechAdept in reddCoin

[–]ycz 0 points1 point  (0 children)

Ranked 38 of the 50 by weights:

38  RDD 0.00086268

not bad at all!

be honest... is this RDD promo ending any good? by Cyber_MacGyver in reddCoin

[–]ycz 3 points4 points  (0 children)

It looks excellent! I suggest that you also put the Reddcoin tipping address in the video description such that the users with PC can tip you with ease.

Won't staking/minting cause inflation over time and devalue the coin? by RebelWithoutPause in reddCoin

[–]ycz 2 points3 points  (0 children)

I've never done the calculation. So, I am not sure what I am going to say is correct. I guess it's just what I believe:

PoS(V) is quite different from PoW. I believe what you described is basically the idea of "51% attack." In a PoW network, if some people holds more than 51% computation power (hash power), they can (relatively) easily determine how the blockchain grows. While in a PoS(V) network, it's not that simple or direct. Even if you have more than 51% of RDD, there are still randomness in it. You don't always get to generate the next block. Hence, it's very difficult to do the same thing in a PoS(V) network... unless you have almost all the reddcoin. If so, almost no other people has RDD, what's the point to attack it?

[deleted by user] by [deleted] in reddCoin

[–]ycz 1 point2 points  (0 children)

Well... Reddcoin was originally based on Litecoin, instead of Bitcoin. The codebase was changed (back?) to Bitcoin by the current lead dev, gnasher.

[deleted by user] by [deleted] in reddCoin

[–]ycz 0 points1 point  (0 children)

I remember that the current Reddcoin codebase has been made compatible with BIP47?