Meanwhile, back at the metal money ranch they're having a few problems with counterfeiting.

How secure does InstantX have to be to improve on the UK Royal Mint ?

(a) - Beat a 3.5% counterfeting rate  
(b) - Qualify as "cash" under the new ECB definition by enabling account-to-account clearance of funds in around 5-20 seconds
(c) - Not require re-tooling of thousands of physical metal vending machines











...so no settlement layer. Only realtime, account-to-account payments can qualify as an electronic equivalent of cash moving forward.

GMaxwell & Co's super-imposition of a legacy fiat style clearing model on top of a cryptocurrency blockchain didn't chime with Satoshi and now it doesn't even chime with the European Central Bank  

That's the new pound coin? That thistle might make the first batch collectors items And the shamrock... hmmm :/ Bit lame though, kind of like a euro coin they couldn't be arsed finishing off properly, at least the 50p coin has a bit of trivia in its shape (the distance between the top and bottom points stays the same as you roll it).

Nobody cares about your irrelevant central planning anecdotes......This thread is about Scamology. Please stay on topic.

A bitcoin sidechain that cleared in 2 seconds is more akin to metal cash than your premined ponzi since there is a direct analogue. Physical cash is pegged to the value of its credit equivalent and they are mutually interchangeable just as the sidechain coin would be with bitcoin.

Please desist from attempting to pass off your dashtard warped logic and "bamboo" Evolusham vaporware as a ponzy rebrand of fishy guvmetal.



#R3KT

DASH  

I was browsing reddit when I stumbled across a really nice post about all of the issues with scaling Bitcoin. It's well worth the time to read:

https://www.reddit.com/r/Bitcoin/comments/3ybaqj/an_attempt_at_a_fully_comprehensive_look_at_how/

Here's one really great point I hadn't thought of. I've thought a lot about lightning, but I never made the connection between the price to publish and it's utility.

I can't think this deeply, does it look like the price would get so expensive, in any practical sense?

Also, is it just me, or does it seem more centralized.  Somebody posted that the side chain did not require trust and was just as decentralized as Bitcoin's blockchain.  Does each sidechain have a POW/POS system? And it looks to me that they're expecting the businesses to foot the bill for the full nodes but why would they, if they could ride on the backs of others, especially if they're small businesses.  Anyway, it seems there are so many issues that are so difficult to predict, and the solutions are so inflexible. It really hits home how well thought out, or developed your plan has become, Evan.  It kind of grew organically, but the growth was definitely directed with your innate sense of how the puzzle needed to go together.

But i have to say, with the Dash subsidy diminishing, and the cost of transactions remaining free, with businesses paying the fees, I worry that the MN and mining income will drop too much, as the rate of return will drop significantly.  I just hope it works out well, so that the subsidy loss will in fact be made up with the fees and usage.

And tok, that's a cute video, wow, 1956!  It all looks so small scale and old fashioned.  I doubt they do it that slowly anymore!  The labor would cost way too much!

Why is toknormal troll posting? Am I missing something?

Christmas theatre.

I made a post about emerging institutional definitions of cash with favourable implications for blockchains with fast clearing times.

I also thought of an obvious rebuttal to that view along the lines of "the world's leading crypto has X - it doesn't need Dash to meet electronic cash requirements" based on sidechains and their analogous interchgangeability to bitcoin that cash has to credit money. I further imagined a very adversarial way in which that point could be made.

But then when I thought it through further I realised that, although it was analogous to the legacy cash/credit fiat model it did not satisfy the emerging ideals for electronic cash which should run on the main chain to meet the ECB's definition of "account to account".

I waited for someone to post the contrary adversarial view but nobody did. After a while I got sick of waiting so decided to post it myself in theatrical mode - along with the subsequent rebutal.

I thought I was pretty authentic

LoL ! You're too generous. I'm afraid all there is to "understand" in that regard is excellence in the art of mockery. Not too difficult to pick up you'll find 

No idea, really. I hoped it would become characterised more by industrial activity outside of the incestuous bitcoin ecosystem such as squabbles over blocksize etc. Kind of makes it look like a hobbyist's pursuit that stuff. Even though I'm a bitcoin fan, I think Dash has been far more professional in its approach both with its governance model and in establishing its technical objectives. It has managed to keep conflicted corporate interests at bay while still finding a successful mechanism to fund development. It has succeeded in getting itself out of the "garden hut" and into world class conventions. It has directly addressed the various potential market sectors in cryptocurrency with its roadmap and consequently not had to compromise core principles of blockchain based digital cash.

Bitcoin's governance, technical priorities and promotion have totally sucked of late. It's disappointed even me. It won't kill it by any means (I don't think at least) but its now sailing on external power - corporate investment, various media hype etc.

As far as the market goes technically, I think it depends a lot on whether the 1-week chart breaks its upward trend or not. It can easily afford this current retrace but if it drops back below about 350 then the rally is probably dead as far as I can see and it will require something major to re-ignite such as the ETF coming online or something.

My 2c's !   

Hi Evan,

I was wondering when Evolution would be out and when/where it could be tested?