Author Topic: Terracoin  (Read 981 times)

Offline N-drju

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Terracoin
« on: December 15, 2017, 10:13:09 AM »
Wouldn't it be great if we could mine our own cryptocurrency (TerraCoin - XTC) by the power of the rendering process on our CPU? ;D All of you nerds and geeks out there, I want proposals. ;D
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Offline Upon Infinity

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Re: Terracoin
« Reply #1 on: March 04, 2018, 12:37:22 PM »
I was just thinking about this.  Cryptocurrencies use a lot of CPU power but produce nothing actually useful, except maintain the network.  If all that power could be turned toward rendering, we could have a huge global render farm!  Probably Matt himself is the only one here with the tech know-how to implement it, though.
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Offline jaf

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Re: Terracoin
« Reply #2 on: March 04, 2018, 05:33:22 PM »
I participated in Seti@Home for several years.  I seem to remember they used the software BOINC.  Most likely could be set up to render TG scenes but probably wouldn't get enough participants to make it worthwhile. 
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Offline Upon Infinity

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Re: Terracoin
« Reply #3 on: March 11, 2018, 12:01:55 PM »
Most likely could be set up to render TG scenes but probably wouldn't get enough participants to make it worthwhile.

The only likely way to make it viable would be to make it a general queue dump for many different renderers, I think.
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Offline N-drju

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Re: Terracoin
« Reply #4 on: March 15, 2018, 07:42:53 AM »
I was just thinking about this.  Cryptocurrencies use a lot of CPU power but produce nothing actually useful, except maintain the network.  If all that power could be turned toward rendering, we could have a huge global render farm!  Probably Matt himself is the only one here with the tech know-how to implement it, though.

That would be cool. :) What I was thinking about is that perhaps we could create a new section here on the forum where you could ask people to help you render bits (crops) of your projects. That however would require a GI cahce files along with project files and there is no guarantee the rendered crop images will fit with one another seamlessly when back together again.
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Offline SILENCER

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Re: Terracoin
« Reply #5 on: April 26, 2018, 11:57:15 PM »
I was just thinking about this.  Cryptocurrencies use a lot of CPU power but produce nothing actually useful, except maintain the network.

Buy Litecoin.  You'll be glad you did.
When Deutschebank blows, it'll be a shitstorm you won't beleive.
Be prepared for the next financial system, because it WILL be crypto based.

Offline N-drju

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Re: Terracoin
« Reply #6 on: April 27, 2018, 06:05:11 AM »
Crypto-based money imposed on all of us whether we want it or not? Sorry Mate, but that sounds like a conspiracy theory. :D

By the way, what makes you think that Deutschebank will collapse? And why would that inevitably lead to crypto having a bridgehead into our wallets?

Besides, I don't think cryptocurrencies will get much of a foothold with the way they are currently regarded by financial instruments and institutions. I mean, sure - maybe it's worth to have some in your... pocket? But then again, I keep seeing people who bought or mined it, and then rarely having an occasion to do anything with them. And that's because nobody would accept payment with something that is created out of thin air. Because, let's face it, it is created out of nowhere.
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Offline SILENCER

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Re: Terracoin
« Reply #7 on: April 27, 2018, 05:47:32 PM »
All fiat currencies are backed by nothing.

Well, the USD is backed by 11 Aircraft Carrriers.

Thing is that currency seeks efficiency. I like cash and silver, but the blockchain IS the future of finance. Look into the Digital Currency Group, one of the main owners of Coinbase.  We're talking NASDAQ and Mastercard money involved here. The lightning network will replace SWIFT and the current credit card verification system.

We have a window now through which we can profit and position ourselves for the changeover.

As for DB in Germany, they have 45 TRILLION dollars of derivative exposure, and they're about to be downgraded by Standard and Poors.  The clock is ticking. The money flooding out of the coming debt meltdown will pump into hard assets and crypto. There WILL be pain when it occurs.  Mitigate it through preparation.

Stay frosty.

Offline Matt

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Re: Terracoin
« Reply #8 on: April 28, 2018, 12:59:27 AM »
And that's because nobody would accept payment with something that is created out of thin air.

It can be sold for fiat money, so why not? Speaking of which, think about what "fiat" means. Isn't that also created out of thin air?

Matt
Just because milk is white doesn't mean that clouds are made of milk.

Offline N-drju

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Re: Terracoin
« Reply #9 on: April 30, 2018, 06:45:10 AM »
I'm not sure if you both even know what you are talking about...

Cryptocurrencies are "created" by virtual processes, within the Internet and your own machine. There is nothing tangible or traceable therein so, if you don't mind, please tell me - how do you actually know you own something? Because a wallet counter told you so? Oh... alright, then... ::)

Fiat money though, are created through financial operations. They are created as a payment for REAL, physical goods, sold to REAL buyers. They are created as a payment for REAL services sold to REAL institutions and people.

To say physical money is created out of thin air is nothing short of ignorance. ::) If it were, you'd see governments all over the world just printing money out like so. Which, in fact, is strictly prohibited in almost all nations... except African village-states and islets of Caribbean...

I agree that both methods of payment have no use value - it's a fact. However, judging by the law-makers' and financial institutions' preferences I can tell that fiat money will continue to receive legal tender endorsement. So... good luck waiting for the cryptos to get up front. ::) You'll get old.

Having said that, as a preferred method of payment, the "traditional" money, bank accounts and financial instruments always have better protections and there are measures in place and money-back guarantees in case the accounts get hacked, you fall victim to a fraud etc. Law enforcement is also there to help you out. When we talk cryptos, the "community" and IT protections is all that takes care of the system's health. If you get scammed or robbed, there is a very little number of people who will be able to help you.

And don't even get me started by all the electric power that goes to waste when mining these. This thing alone, should be enough to ban cryptocurrency mining.

Now, if you excuse me, I'll stick to my crappy paper money thank you very much. ::)
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Offline SILENCER

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Re: Terracoin
« Reply #10 on: April 30, 2018, 01:11:49 PM »
I'm not sure if you both even know what you are talking about...

To say physical money is created out of thin air is nothing short of ignorance.

 If it were, you'd see governments all over the world just printing money out like so


God almighty. Talk about uninformed.
Crypto is the new system. It will be implemented. You can adapt and profit, or be forced into it later after a banking crisis.

The fiat system, which is basically money by decree, is backed by nothing. Zip. Zero. Nada. Bupkis.  The phrase "full faith and credit" is used a a lot.
You obviously don't know what inflation is. It's not "Jeepers, my laundry detergent is is 10 bucks now. Prices sure do go up!"
Inflation is a gargantuan swelling of the money supply.  BY DECREE. BY FIAT.  Print print print. Fractional reserve lending, the debt ratio stacking up so high it becomes lopsided and the currency breaks.

What you don't know is that the global central banks are owned by a private cartel of "elite" banking families that own the assets of the planet. It's a club, and you ain't in it.
The Federal Reserve here in the US, for example, LOANS money to the US Government at interest. Every dollar created out of thin air, has debt attached to it. That is toxic.

Crypto, though not tangible, I agree, is not debt based. Their quantities are finite. BTC, 21Million. LTC 86 Million. No inflation. Proof of work (mining) is needed to create the coin, and the open ledger prevents fraud and double spending.

Banks as you know them will not be needed, unless of course you acquiesce to the cryptos THEY WILL ISSUE.
Debt is the same level of slavery as being unarmed. Governments love that shit. Keeps you on a short chain. Allow neither in your life.

Can 't stop the signal, buddy.

Offline WASasquatch

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Re: Terracoin
« Reply #11 on: April 30, 2018, 11:56:08 PM »
I was just thinking about this.  Cryptocurrencies use a lot of CPU power but produce nothing actually useful, except maintain the network.  If all that power could be turned toward rendering, we could have a huge global render farm!  Probably Matt himself is the only one here with the tech know-how to implement it, though.

Reminds me of Folding@Home to get by computation limits on single machines. I still run it when idle.

About money, it's pretty common, fiat systems. South American countries have a bad habit of money printing without learning from almost routine crashes and money systems replaced by new ones out of thin air. The Sol is a great example.


« Last Edit: May 01, 2018, 12:01:56 AM by WASasquatch »
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