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Question re-posted in the thread https://bitcointalk.org/index.php?topic=1850047.msg27521960#msg27521960
Dear annesteven, personally, I am not equipped to answer Forex questions, as I pretty much only trade Crypto. But, I will rebroadcast your message on the thread, and perhaps one of our illustrious participants can give you a factual answer.
TearoThanks for good info, harleybennett.
Indeed, there are lots of similarities between trading in cryptocurrencies and in other types of securities. Some compare it to trading in commodities, perhaps simply due to high volatility, but I do agree that Forex could be the closest analogy.
However, I sense that there are distinct differences between cryptocurrencies and any other investment instrument. What’s your take on what those differences are?
TearoDear DeAdrian, welcome to our forum.
Regarding creating wallets, at least on Linux, Litecoin builds the usual Qt wallet.
Cannot say that I know personally how to do same on Windows or on Mac. Out-of-the-box, Litecoin 0.14.2 did not build for me on Windows, when using the instructions that were included from Bitcoin in file build-windows.md.
This procedure uses the Windows Subsystem for Linux, but some dependencies on libraries like boost barfed for somewhat unclear reasons.
Folks, my apologies for having gone off the deep end and not catching the fact that the hosting provider somehow allowed the site go unreachable.
TearoNaruby, I feel that the notion of a community-based hour exchange is powerful for many social reasons. But also some of the purely economic challenges are addressed.
The prevailing wages, expected standard of living, and basic costs of food and shelter vary widely world-wide. Even in the same geographic region, these differ between city and country lifestyles, or even nearby neighborhoods. Relative cost and wage differential between the city and country is even higher in the developing nations.
Most common objection to equalizing the value of an hour of effort is framed in terms of the value of a skillset and experience, like comparing an hour of a brain surgeon’s time to that of a high school student in a summer job.
But regional differences are also non-negligible. College educated experienced professionals have complained about not being able to make it in Manhatten on a salary of $100,000, given inflated prices for housing. This issue is likely as severe in the center of London or Tokyo.
Given a number of forces slowing down regional mobility, such situations are likely to persist. Some of these forces may not be readily and promptly adjusted by the markets, if they relate to overcrowded housing markets, time zones, language barriers, local licensing.
$100K/year is roughly equivalent to $60/hour or more, once you factor in basic benefits. Such a level of compensation would provide for a very comfortable lifestyle in many regions, including pleasant locales in developed nations.
Taking out the regional differences by focusing locally may address some of these disparities in valuation.
The Litecoin folks made the effort to catch-up with the Bitcoin 0.14 codebase, with all of the improvements, patches, optimization. In my mind it’s the codebase to clone, going forward.
LL, I would agree that a neighborhood or a village ‘digital scrip’ would be a very different animal than what Chronobank envisions. Seems worth a try.
LanguidLemer, welcome to our small but growing group. Drawing a relationship between hours of work and value created is both appealing and tricky. I suppose, we can attempt not to pigeonhole it as ‘store of value’ and instead consider as ‘store of goodwill’.
Did you have a chance to look at the Chronobank ICO? I have not yet, though recently did meet one of the key contributors.
Tearo
P.S. LL, can I ask you to start a topic titled Hours, copy-paste your exposition there, and we’ll continue there, as this is likely to be an emotional debate.YarkoL, I think the Peercoin deserves its own topic on the Forum, so could you start one, please? Would love to learn more about it, from a PDF or your blog posts.
We also have a general PoS topic started, but so far it’s been empty.
Also, having looked at your blog, I’d like to thank you for describing setting up a Jekyll Blog for a Github Pages account.
TearoYarkoL, that’s wonderful, looking forward to it.
Don’t worry about perfecting the document, and allow fine folks in this group to give you feedback, so your next round of corrections will take you close to the final draft.
TearoBTC_wolf, welcome!
Many of us here are engineers, and would be curious to learn more about the details of Altcoin publicity and promotion. Would you be interested in talking about what techniques appear to work, and also how some promoters are gaming the system.
TearoYarkoL, thank you for sharing this information. I’ll be sure to take a look next week, and would not be surprised if other members of this group will find it useful as well.
Will keep you posted on everything that’s happening on the project,
TearoYarkoL, what kinda Altcoin variants do you want to put together and test? Would be wonderful to collaborate on some project. And I so enjoy stressing and breaking implementations 🙂
TearoLove the idea behind DOACC, and you keep growing the dataset, right?
Personally, I was wondering if there is a way to find out whether any of the recent clones of Litecoin (0.13 codebase or later) pulled in the X11..15 or NIST5 algo.
Tearostake, welcome!
Clarity and even more so, honesty is the requirement here. I cannot stand that attitudes of too many participants in the field of cryptocurrencies. They may hint at some gotchas in the codebase, but often hang on to crucial details. Some kinda of a mix of immaturity and paranoia and a wannabe scammer plan.
But I digress 🙂Alireza, welcome!
Are your interests in Altcoins related more to algorithms, applications, trading?
What do you like to blog about?
TearoI want the new PRA coin to have Segwit related BIPs activated from the start. Because we can 😉
As to pulling PoS functionality in, I have no idea. Personally would like to start with plugging in something much simpler, like a variant of Scrypt, and then say X11.
And before that, a better difficulty adjustment, like Zcash type adjustment every block, or one of the recent Kimoto variants. For the moment just shortened the adjustment period to like an hour, from two weeks 🙂
At the moment working on getting the current Litecoin codebase (0.13.2.1 – BTW Bitcoin already has 0.14) with such mods to mine. The Genesis block generation seems fine, but the cpuminer does not play.
Tearo
