/biz/ - Business & Finance

As a lead distributed systems engineer, I am not surprised. Who would write code for this bullshit when someone can just immediately rip it?

>>9572785
you don't have to open source it actually, it's just most people don't trust non-open source because there's no solid companies or reputations yet.

>>Bitcoin
>-Store of Value, first mover = it'll always be worth something

>>9572714
>99.99% Of all coins/tokens and the goals they seek to accomplish could be completely replaced by tether
So you don’t know a damn thing do you

>>9572785
Do you realise what an anonymous global payments network will do to intellectual property contol? Id invest in kneepads if I was you

>>9572714
i completely agree, except you missed out a couple other projects with inherent worth:

EOS (it's the ETH upgrade, if it works)
LINK (again, if it works, it will become the backbone of blockchain-based dAPPS)

>>9572714
You are correct. I’ve made threads about this before. Most everyone in here is going to say
> muh you don’t understand
> muh gtfo boomer
> muh the future
> muh brainlet

It’s all a Ponzi you stupid faggots

>>9572714
Arguably the only coins/tokens that are worth anything are the Exchange tokens, because they have a working business and are bringing in revenue.

>>9572714
EOS and Nano come to mind. Both projects are legit new tech. Maybe Icon too?

>>9572714

OP is brainchad confirmed

>>9572936

Eos is a sidegrade, not an upgrade

>>9572936

>>9572996
>Eos is a sidegrade, not an upgrade
no it's not, it's an upgrade. stop trying to be clever.

>as someone actively writing new code for cryptocurrency
"i'm a 19 years old doing a python coursera tutorial when i'm not wanking around in discord"
hint: when you shill for tether rather than dai, you out yourself as uneducated and underage
(and yes, anyone under 30 is underage for the purposes of business)

>>9572996
And link? I think it would be a big step towards crypto being taken seriously if they can pull off decentralized oracles.

>>9572785
now this is actually believable, larp or no. programmers are too autistic to understand social value and network effects, then they get bitter about the opportunities their autism makes them miss. at this point, anyone who's in IT and not working in cryptocurrency already has irrationally strong opinions against it

>>9573060
> at this point, anyone who's in IT and not working in cryptocurrency already has irrationally strong opinions against it

maybe because they know it's useless? maybe because they're not just dumb moon kids speculating on getting rich?

>>9573031
30 yo boomer spotted

>>9573077
>trustless peer-to-peer currency
>useless
pick one

>>9573132

"trustless p2p CASH"
the cash part is fucking important because this isn't some debt backed bullshit. this is an actual permanent work-backed piece of a network. that's worth a lot.

>>9573013

It's not an upgrade. They are dpos for increased tps. Eth considered going to dpos but ultimately decided against it since it compromised security. There's a tradeoff

>>9572936
>Link
HAHAHAHAHA it was just a meme dude, there is no need for it as long as oraclize exists. Ethereum is also very likely going to implement their own thing.

>>9573036

Link is a good idea but to me it feels like they are fixing an issue that is not an issue yet. Kind of like inventing the space ship before the plane

>>9572714
You have some solid points.
However there's some other coins and tokens which have some sort of use or potential to be useful.

For instance all those which enhance other blockchain based entities, like
BNB being used in the binance platfrom (and all other exchange tokens)
HBT and RDN as offchain scaling solution which will improve ethereum

also
STEEM to provide compensation to bloggers for their posts and raise the quality of content
ENJ for the videogaming community

etc

But I agree that heaps of contracts are just copypasted (and there's nothing preventing that AFAIK?) and 95%+ of the coins being only empty promises which will never come true.

>>9573187
LINK
>>9573013
EOS>>9572974
NANO
ICON>>9572936


Those are all rubbish promises air tokens which give a bad reputation to ethereum and smart contracts in general.
Yeah yeah I know eos will launch its mainnet in june.

>>9573183
Pic related
>>9573187
It won't be out for a few years anyway, I think it'll be ready just in time for people to realize they need a solution.

>>9573077

>a weightless, invisible, uncounterfeitable, digitally transferred monetary system is useless

9 years in and retards like you are still hanging around like a bad smell.

>>9573282
You think ENJ is a good idea, I'm taking everything you say with a grain of salt. Also, nobody asked you.

>>9573123
I was almost about to say the same based friend

I agree with your general sentiment (there were more than 2000 ICO's on ETH and a few dozen will have brought good innovation), but the fact that you fall back to memes doesn't speak for you as a smart contract or crpyto platform coder.

The Bitcoin store of value meme only came up when the BTC shills realized that bitcoin doesn't do what it should, namely, as Nakamotos paper says, be a
>A-peer-to-peer electronic cash system
and the title wasn't
>A-5-companies-do-the-mining-store-of-value (that fluctuates more than any other widget in the market)

The name for Ethereum,
>first decentralized computer
is of course also a marketing gag. Thousands of computers running the same routine and then syncing for consensus is just that - consensus. Proof of work for consensus was main Satoshis contribution and Bitcoin coders before 13 actively discussed to strip away the capabilities that make for Ethereum. A
>first decentralized computer
would hopefully parallelize routines over different distributed computers and compute something together. Not just do the job of agreeing results and have each operation computed redundantly (from a computational perspective) thousands of times.

And proof of work turned out to be not at all scalable, so the merit of bitcoin was just to curb the research on classical distirbuted systems that use consensus algorithms such as EOS or NEO does. Something that you could have build in the 70's already, in principle, but which wasn't so much of interest then. Mind you, proof of work is from 90's, just like the broad smart contract idea
https://en.wikipedia.org/wiki/Proof-of-work_system
https://en.wikipedia.org/wiki/Smart_contract
Blockchain as data structure (or even Merkle trees), are an idea from the 70's!

I also do smart contracts - in particular I'm interested in voting - but all my code ends up being tools that my grandmother could never use. The ease of things will only creep in over the years, when good apps to invoke contracts emerge.

>>9572714
>Tether
>Trustless
>Decentralized

>>9572936
eos is a centralized version of ethereum that's literally pay-to-win.

There's no point over the actual internet.

>>9572714
0.01% = 1/10,000 of all of the coins today.

You listed 4 coins. Say they are 0.01% of the crypto space.

That means there are 40k cryptocurrencies and tokens.

GG no re, brainlet "developer"

>>9573807
I wouldn’t be surprised if that were true kek

>>9572714
>Tether

The only coins that have value are ones backed by computing or bandwidth.

>>9572714
ZenCash > Monero

Monero has no funding. Its dead. Move on.

>>9572714
>As someone actively writing new code for cryptocurrency.
>99.9% of all ICOS, smart contracts, ethereum tokens, and coins are copy pasted code.
> OP copies code.
Or are you the 0,01% special snowflake?

>>9572714
That's how I love my monero shills.
Fact is that XMR is not safe and made by amateurs, like the watch guy.
Monero is it's own very special cult.
https://twitter.com/snowden/status/913544739542241282?lang=de

>>9573887
Not a chance.

>>9572714
SKY, if it works, will do a hand in killing 90% of those useless coins & tokens. However whether or not SKY will succeed is a big question.

Also there are some legit projects that already have real world clients with bigass partnerships, those are quite likely to succeed

>>9572714

ARK!!!!! V2 DEVNET WITHIN ONE WEEK. NEW CODE BUILT FROM SCRATCH. ITS THE BEST FUCKIHNG SHIT.

>>9574078

sky is partnered with ark (!)

>>9574105
This is only rumor though. There's no official word from neither team yet.

>>9572714
>What Is iExec
>What Is Lamden
>What Is Nano
>What Is BBN

>>9572974
Is is fucking ran on ethereum atm...

LINK would allow getting information to ETH contracts in a decentralized manner, but it seems hopeless now.

Bitcoin should be replaced with bitcoin cash on that list. Unless you want to stay with a coin that will never even hit 10k again.

>>9572714
iexec

Prove me wrong.

>>9572714
this guy gets it. I say this all the time. People no understanding of "tokenomics", proprietary use coins make very little sense generally speaking, they are being pushed to market simply because it allows devs to raise a ton of money while giving their "investors" no shareholder rights. Basically, you are getting scammed and the SEC's fatherly advice about ICOs is generally right.

>>9573077
nope, reread my post, i explained why. they're autists suffering from an unwarranted sense of superiority borne out of competency in a narrow domain, so accepting they made the wrong call on something they perceive as "theirs" in nature would be devastasting to their egos
by 2020, ETH will be worth $3000 while increasingly angry programmers still post endless rants about glorified databases and unsecure smart contracts

back to plebbit. better luck next time.

>>9572714
>is there actually any other tokens worth a fucking shit
1. Tokens that help people borrow or give loans, like Ripio. The microcredit industry is huge and crypto has a lot of potential there.
2. Tokens that help people earn money performing micro-tasks, like STORM.
3. Tokens for gamers (several).
4. Tokens for buying shit used in chat programs and tipping users (KIN, Telegram, Status)
5. Tokens for social network markets (Steem, SCL)
6. Decentralized cloud storage (Storj)
7. Inflationary tokens used for tipping (Doge, unironically)

I'm not pumping my bags. I don't even hold most of the tokens I cited. I agree with OP that most tokens are worthless, still I see potential in the aforementioned.

Coins like XCM, have value because they are the only way to pay fees on their platforms. There are probably more. BNB kind of counts I guess.

>>9572906
OP's right, all these ico tokens that promise to build an ecosystem around it could make that ecosystem accept tether instead of their own shitcoin, and that's what will happen eventually, maybe not tether will be main coin but there will be one

>>9572714
>Bitcoin
>Store of Value
Thanks for the kek

sir how can you forget link, $1k eoy sir

>>9573967
Lol. Just lol St pushing zcash over monero. Zcash has backdoors and was made in Israel.

>>9572714
Replace tether with nubits

decred

>>9572714
>crypto coder
>writes on 4chan like a newfag
Thanks bought 100k of every ICO

>>9572936
EOS is a temp upgrade.
ADA is the permanent upgrade.

>>9573163
currency, not cash you dummy

>>9572941
Exhange Coins most useless built on nothing of nothing coin that exist

REN - https://republicprotocol.com
SENT- https://sentinelgroup.io/

Check their GitHub FIRST then bother reading Whitepaper and looking at team.

>>9572714
Bitcoin (BCH) will indeed always be worth something, not so sure about the rest.

Since Bitcoin is no longer limited by Blockstream there's no reason for it not to expand functionality and make both Ethereum and Monero irrelevant.

Tether is a ticking time bomb and will collapse to 0 as soon as it becomes known that they do NOT actually have 1 USD for every 1 Tether. Just the fact that Americans aren't allowed to own Tether by their own terms of service should make it very obvious.

It's important to know that Tether has never actually proven that they have 2,517,971,662 USD.