Bitcoin Forum

I'm proud to announce the launch of CryptoLife (http://cryptolife.net). A hard hitting, unbiased source for cryptocurrency news and analysis.

The altcoin scene right now is the wild west. This forum is full of various shills trying to sell you whatever coin they have a stake in. Objective, unbiased information is impossible to find. Even the so called "news sites" offer little more than fluff; nothing of real relevance. With over 100 altcoins out there now, the average investor is lost in a sea of uncertainty, and doesn't know where to begin. Many get tricked by the shills into making poor investment decisions. CryptoLife represents my attempt to inject some sanity back into the altcoin community. The three main goals will be:

1. Bring transparency to the altcoin scene through objective and unbiased analysis
2. Guide new investors away from the scams perpetrated on this forum
3. Provide articles and discussions that will engage even seasoned investors

I've been involved in altcoins for the past 2 years, so I trust you will find my perspective to be interesting. I plan on partnering with other respected members of the community and bringing you content from them as well. One big name developer is already on board, stay tuned for more information on that. If you're interested in writing for the site, shoot me a PM.

Check out the pilot article, The Anatomy of a ScamCoin: 7 Things To Know Before Investing in an Altcoin at http://cryptolife.net

Advertising oppurtunites are available through our new streamlined advertising system. Check it out at http://cryptolife.net/advertising

Reserved

good luck with the project i'ld say, the more we can all inform people, the better :)

No doubt I will ruffle a few feathers along the way, but that's fine.

"Let the truth set you free"

New article by guest author Jack about altcoins and derivatives. Good read for those of you without a finance background.

http://cryptolife.net/derivatives-and-alt-coins/

Nice articles, thanks, keep updating.  :)

>unbiased
huehuehuahue

Great write ups good stuff.

Magic? Heresy! Burn them at the stake!!! :)

http://www.youtube.com/watch?v=8To-6VIJZRE

In depth analysis of MegaCoin posted. Is it a good investment choice or not? Only one way to find out:

http://cryptolife.net/in-depth-altcoin-analysis-megacoin/

Cool. You spelt opportunities wrong, though.

This is utterly laughable, Hazard has been and continues to be one of the biggest scammers in the altcoin community.  Most already can attest to this.

How very cute of you to engage in ad hominem. Why not try debating the points that I brought up? I suppose it's hard to argue against data pulled from the blockchain...

Carry on.



Fixed ;D

While I am still a supporter of Megacoin, I was very skeptical of it at first, and I'm not a cult follower without the ability to think freely and properly analyze information and take in opposing views.

So I ask you:

1. If the "gravity well" is just the J-coin SSDRA (Symmetrically Scaling Difficulty Readjustment Algorithm), apparently also being used by other coins, why is MEC the only one effectively immune to multipools? Surely something must have at least been changed, even if he based it on SSDRA?

2. One selling point of MEC has been that it's the only scrypt coin based on the newest bitcoin code... that Kimoto is the only one that has successfully ported it over. This has been mentioned several times in the Megacoin thread. You're saying there are many scrypt coins based on the newest bitcoin code?

Like I said, I'm open minded and ready to change my mind if enough proof is presented. I base my opinions on facts, and as new information presents itself; so does my opinion adjust accordingly.

I understand that people find you bitter Hazard, seeing as you have a history of questioning things and supporting failing coins, but I'll give you the benefit of the doubt.

good article

New article about goldcoin.

http://cryptolife.net/goldcoin-the-scam-that-keeps-on-giving

Dedicated to you, rum. I hate all shadily launched coins equally. :)

Nice. I would love to see a writeup about elephantcoin, though I imagine the article would be rather anti-climactic  :D

New article regarding today's silk road takedown and it's longterm effects on bitcoin. You don't want to miss this one.

http://cryptolife.net/silk-road-takedown-bitcoin-great-buy-right-now/

I might open up a competing blog, Hazard! :P

How about guest writing an article? :D

New advertising platform launched

http://cryptolife.net/advertising

New article posted, Crytocurrency is inflationary, not deflationary.


http://cryptolife.net/crytocurrency-is-inflationary-not-deflationary/

New article about Feathercoin. A coin you should definitely not invest in.

http://cryptolife.net/an-in-depth-look-at-feathercoin-the-coin-that-started-it-all/

I see what you did there!

I was unaware Feathercoin uses the same genesis block as Litecoin....

Just confirmed it myself. I'm lost for words.

can you do an unbiased article about IFC. about its launch, devs, community and current situation.

I also seen that your post in the "FTC Oxford" thread was deleted. that sucks.

Yes, I've just inquired about that. It was off-topic apparently, so had to be quickly removed.
If the article had shone Feathercoin in a good light, but still off-topic, would it of been also removed? I think not.

I'll add it to the list.

Along with a bunch of other ones. Who knows. Didn't get a proper explanation.

New article about digitalcoin: http://cryptolife.net/digitalcoin-the-diamond-in-the-rough/

There are going to be 20% more BTC in the next year... ALL going to rich ASIC miners.

That is a 20% Security/Mining Tax that is siphoned off every year and largely hoarded...
With increasing demand = definition of a deflationary currency.

You cannot run an economy with a deflationary currency...
Because you cannot make long-term loans, inflate with economic growth, etc...
BTC will end up as "internet gold" once other crypto-currencies blow by it.

Love your blog. We need a Sheriff in town.

The only people profiting off mining these days are the companies selling the ASICs... With the sheer amount of ASICs being released onto the market, mining is not nearly as lucrative as it was a few months ago. A 60 GH unit will net you about 0.16 BTC a day right now, and even less after the next difficulty change happens. I imagine many will never make their initial investment back.

BFL units, block eruptors, and the original asicminer blades are already bordering on unprofitable to run, unless electricity is free.

I guess pool operators are profiting pretty handsomely too. But the ASIC owners are definitely getting the worst end of the bargain.

http://bitcoin.sipa.be/speed-lin.png

Several months ago I would have agreed with you; the original avalon 20 GH units and ASICMiner were ridiculously profitable. But with the proliferation of ASICS, miners are definitely earning their btc now.

Nice article on DGC. Well done.  :)

Lol, DGC no premine? No need to brag and everyone can see the DGC premine here in this 96-hour diagram:
http://cryptometer.org/digitalcoin_96_hour_charts.html

Also I can hardly believe a famous scamcoin maker now becomes "unbias" alt coin commentator. Those who were in this forum 5-6 months ago know how many samecoins you made here, including a famous V-coin:
https://bitcointalk.org/index.php?topic=221190.0

and her companion S-coin already in cryptsy, why not make an effort to put her there too ;D ;D ;D

Going through your articles in CryptoLife, a part from this one sounds pretty flattering, the rest seem pretty decent. Good job, Hazard! ;D

Are you still going on about a premine? Laughable. Dgc is widely regarded as amongst the fairest launched alt coins ever. Even you yourself said so here:

https://bitcointalk.org/index.php?topic=264938.msg2836952#msg2836952

As mentioned in that thread:

First DGC Block (excluding genesis block of 50 DGC) was mined at 09:57:27 AM(UTC), about a minute and a half after the client was launched at 09:55:53 AM (UTC)

Take a chill pill Phil.

so much bias there I wont give the site the benfit of another click. u can bet he talks such crap just to get attention.

Excuse me? Are you blind? or you pretend to be blind? take a look again at the 96-hour curve, it is generated from the blockchain, and it does not lie:
http://cryptometer.org/digitalcoin_96_hour_charts.html

1st hour: 4099 blocks mined, or 9698 DGCs, with diff at 0
2nd hour: only 102 blocks mined, diff at virtually 0 too.
3rd hour and afterwards, normal blocks mined considering instamining at the beginning.

What these mean? clearly, dev premined 1st hour (and some portion of 2nd hour), for something about 10000 DGCs, then he started to launch the coin in the forum etc, causing virtually no mining at hour 2, then from hour 3 and onwards, you see people joined and hashrate/diff increase, with clear instamining to about hour 6.

The curves say all, everyone please look at the curves and judge yourselves.

I have to say that 10000 DGCs premined by dev is not many, especially compared to some coins at that time such as CNC, FTC, etc, but don't tell me there's no premine.

Obviously everything he writes is self-serving -- why else would he do it? As was mentioned earlier, this guy is famous for making scamcoins. Once the average altcoin investor became a bit less naive, his lather, rinse, repeat scamcoin profits began to drop. Every article he writes will praise coins that he is holding...and rip apart coins he isn't. He is (erroneously) assuming that people will take him seriously and his self-serving articles will affect trading/mining decisions.

His Megacoin review contains blatantly false information that can easily be completely discredited (this is how I stumbled upon his blog.) I haven't taken the time to really look through anything else...but it's pretty obvious this bozo is motivated by greed. Just by all of us talking about him, regardless of whether it's positive or negative, we're continuing to inflate his massively oversized ego.

The first dgc post by the dev Baritus was announced 18th of May. This was a PUBLIC announcement. The client was then released on the 20th of May at 09:55:53 AM (UTC) followed by the first block mined shortly after at 09:57:27 AM(UTC) as stated on that chart you linked. Hence mining was open to EVERYONE.  Its not rocket science. Learn the definition of a premine before you make yourself look any more stupid.

Please tell me you did notice that the network hash dropped from 5.9 mhash during hour 1, to .48 mhash hour 2.

I was there the minute DGC got launched, and there was no premine. There can be several reasons why the network hashrate dropped for an hour, if my memory serves me right i was getting a lot of orphan blocks during hour 2, because the blocks i found during hour 2 were still the same blocks as found during hour 1. The block generation got overrun in hour 1, because a LOT of people were mining it, and we paid for it in hour 2. After that, everything went back to normal.

There is no premine, now shush :)

Also add to that the king of MEGA hashrates Steve Lam was mining it from the start and you can see where all the early coins went NOT to the dev. See link below.

https://bitcointalk.org/index.php?topic=209508.msg2209198#msg2209198

You are mistaken in your reasoning. I bash coins that have a bad foundation. As a result, I do not own them. That should make sense to you. Coins that I feel have a good foundation, I obviously own. That should also make sense to you.

And you of all people are no stranger to supporting your coin while bashing others. Just look at your post history. :D So don't be a hypocrite. The difference between me and you is that I don't support a coin solely because I have invested in it. I support a coin only if it has a good foundation. Owning it is a side effect of that.

In the case of DGC, I only have about a 3 BTC stake in it, so I don't have much to gain or lose either way. By no means do I think it is a perfect coin, but compared to the other altcoins out there... It's much better.

Makes plenty of sense to me.

Problem here is the supporters of the coins with bad foundations rather you kept quiet about the bad foundations, so they tend to get all arsey when it gets mentioned. :D

If you still think DGC was instamine with the below reward schedule, then apparently, you are clueless.  Enough said.

Block
1080 -  Difficulty up until here is 0.00024414. Block reward of 2.

2160 -  Difficulty up until here is 0.00024414. Block reward of 1.

3240 -  Difficulty up until here is 0.00097656. Block reward of 2.

4320 -  Difficulty up until here is 0.00390624. Block reward of 5.

5400 -  Difficulty up until here is 0.01562496. Block reward of 8

6480 -  Difficulty up until here is 0.06249984. Block reward of 11.

7560 -  Difficulty up until here is 0.24999936. Block reward of 14

8640 -  Difficulty up until here is 0.98165069. Block reward of 17.


-tb-

Funny DGC claims all this great fair launch, but now Baritus changes the reduces the reward by more than 50%, so actually, DGC is no better than any other reward reduction scam pyramid coin, were Baritus changes the economy after loading up on cheap DGC.  No THX!

I just get irritated when blatantly false information is spread around about coin(s) I support (or any coin, really.) If he has to lie about facts and make baseless accusations/assumptions to make his point, how does that make sense?

If you want to blindly follow a guy who built his altcoin presence on top of the dozens of scamcoins he made, be my guest.

All the data I use is pulled from the blockchain... Do you mean to say that the blockchain is lying? ???

Public poll backing the change: http://digitalcoin.co/forums/index.php/topic,170.0.html

Democratic changes taken by the stakeholders are a positive and show the ability to adapt. Look up your facts before you speak next time, would you?

The inflation rate was widely seen as unsustainable and so action was taken by those involved to fix that issue amongst others. If you can't see adaptability like that as a positive, you're not looking at the right angle.

but no one in this thread apart from you is making claims of being "unbiased", which in your case is an effort to con those who don't know who you are into believing your self serving opinion is an honest unbiased independent review.......furthering your reputation as a scamartist.

I judge all coins by the same set of criteria:

http://cryptolife.net/the-anatomy-of-a-scamcoin-7-things-to-know-before-investing-in-an-altcoin/

Any perceived "biases" stem from that. Sorry that I don't like the coin you've invested in ;)

I would rather hold 10k DGC that has value then 100k DGC that is digging its own grave.

-tb-

lol, do you have the minimum knowledge of how the p2p coin works? If it has a lot of orphans because a lot people joined mining, you don't see the block rate drop, instead you will see block rate increase because of instamining and you will see the hashrate increase big time. You actually see this after hour 3. Have you ever heard a lot hashpower joined and the block rate actual declined? Go check the 96 hour curves for all other coins and find me one which behaved like this:
http://cryptometer.org

Are you in your dream? What a joke, when people make up things.

The facts are shown in the 96 hour charts:
http://cryptometer.org/digitalcoin_96_hour_charts.html

and I put some comments for those innocent children to understand in the below diagram. BTW, more people here defending DGC does not change the facts. Facts are facts, it's simple.

http://img30.imageshack.us/img30/1880/h6sh.png

You are throwing a shitfit over 10k DGC. An amount equal to 1.4 BTC. That is insignificant.

On my site's comments, you praised worldcoin, despite it having a 200k premine followed by an additional 200k instamine. Get over yourself.

Weird, when I try to go to the site, Sophos has blocked it, as it has a trojan on it. 

I did not say WDC has no premine. Look at the charts:
http://cryptometer.org/worldcoin_96_hour_charts.html

at launch time, 6560 WDCs premined. Not the 200k as you said.

Shared hosting. Someone on the same IP as me is pushing badware. Some AV software blanket blocks based on IP. Here's a second and third opinion:

http://www.avgthreatlabs.com/website-safety-reports/domain/cryptolife.net
http://sitecheck.sucuri.net/results/cryptolife.net

Bullshit. By hour 47 there was 200k WDC created, but hash rate was only at 3.52 MH.

Are you unable to read the charts? Do I need to make an infographic for you?

I think it's the ramp up after launched. BTW, your famous V-coin was not premined, and we all appreciate your generosity ;D
https://bitcointalk.org/index.php?topic=221190.0

Is your S-coin premined by the way?  ;D

Hazard - If you want to be taken seriously at least balance the negativity with some positive analysis.

What coins, according to you criteria, do you give the tick of approval?

There was no pre-mine and that was confirmed by the first miners who checked the block height. There is an irregularity in that chart but look at a block explorer and you see mining was happening at the same rate. Also, there would be no point pre-mining blocks I purposefully made pretty much worthless and it didn't happen. I've also given out way more than that in just giveaways, so another of the pointless pretences busted.

What does he do if there isn't anything positive?

I just did a positive article. There can't be too many of them, though. With the sheer number of coins out there, it's much easier to bash than to praise.

DGC is one coin that I have a small stake in. There are a few others as well.

Ultimately, no matter what I post there will be critics. As always, I encourage people to take their own look at the information that I've put forth and form their own conclusions. I'm merely presenting my opinion on the matter. Though I would argue it is an informed opinion; 2 years dabbling around in crypto now and I've rarely been on the wrong side of a trade.

Such as?

I can't spoil all of my articles ;) All will be revealed in due time...

Simply giving a few coin names is hardly going to spoil your articles. It may however give you more credibility - given that you appear to dislike most altcoins, infact all but one (so far).

I've always been a fan of PPCoin, despite it having a mediocre launch and some serious image issues, as well as a very unfortunate name. It was the first of it's kind though, and with all the ASICS flooding the market killing BTC profitability, we could very well see a strong move over to PPC, similar to how GPUs moved over to LTC not too long ago.

the world is round some say

I really didn't want to hijack Hazard's thread over all of this, but seriously, check out the blockchain yourself. I'll even link the relevant info for you.

Here is a link to "digitalcoin 1," from the block explorer. It has a value of 2 DGC, and was the first mined DGC block. Note its time stamp of 09:57:27 AM(UTC).
http://dgc.cryptocoinexplorer.com/block/45b2559dbe5e5772498e4170f3f1561448179fa90dd349e60e891766878dea2e

Now, here is the post that launched DGC. Note the time stamp of 09:55:53 AM (UTC), a full minute an a half prior to "digitalcoin 1" being mined.
https://bitcointalk.org/index.php?topic=209508.msg2208685#msg2208685


Look for yourself, not through the lens of someone else's crawler. Of course, I've told and shown you all of this before, so I get the feeling you may know it to be true and just have a vested interest in spreading FUD.

Advertising costs have been reduced as a result of the recent btc rally.

http://cryptolife.net/advertising

This is totally shady and a scam for new investors. If something similar had been done with Bitcoin, it would have been dead. Anyways this coin is nothing it's just a pump and dump coin without value like other scam-shit-clone coins released each day here.

New investors can get DGC at the lowest price it has been right now and cheaper than I did. So if that's the plan, anyone can be at the top of this so called pyramid. Didn't think that out did you? And these new investors would see appreciation and not depreciation, so I doubt they would agree with you either.

Also, this was a community voted and agreed on change. The stakeholders had input as well.

The first investors will now have less time to stock up on extremely cheap DGC that's being pushed down by hyperinflation.

What's your thought process?  Or did you run to FUD at the first chance?

The community is a bullshit excuse to change rules and you know that.
And community or not community, this is not an excuse, if you change rules in the middle of a game like this. It's cheating.

I know the crypto-ecosystem is the wild west but it's not a reason to play an unfair game.

Give it up will you. Your just digging yourself a deeper hole. Any shred of credibility you might have had disappeared when you started making these idiotic and clueless accusations. In the face of overwhelming evidence laid out before you in an easy to understand manner you still trying to peddle your fud. Like Baritus said you can get dgc CHEAPER now that its ever been so your ridiculous argument is worthless even on that point alone. *face palm*

Are you even serious? Sounds like another bagholder coin comment. Read the update thread and you'll realise why it was done after agreement from the dgc community. Anyway you do realise dgc is CHEAP at the moment don't you, or like I suspect you haven't even done enough research to check before shooting your mouth off. Its currently cheaper than what the EARLY investors bought at. So again this argument is moot and worthless.

It sounds to me like someone has been dumping all their DGC and now they're annoyed at the change.

I've been keeping quiet, but man, you're something else.

It's not about changing the rules. It's about adaptation.

When DGC was introduced, there were no profit hopping pools/coin switchers/auto dumping/etc... These are all new problems that have come up after the launch and have started to become serious issues to ALL altcoins.

Baritus is the first to admit his original system was flawed. He lacked the foresight for this particular situation. He is also the first to think up solutions and willing to adapt to the current economy.

I don't know, but I, for one, am very grateful that I am supporting a coin being developed by someone who genuinely cares about the success of his coins and is willing to think outside the box to adapt and solve whatever issues may arise. I'd much rather support DGC then support a coin where the dev drops off the face of the earth or isn't willing to adapt and simply leaves their coin to die.

Say what you will, but there are many unique services coming up for DGC/SRC/ARG and the time to hop on the bandwagon has never been better than now. Especially at the current cost of DGC.

A coin NEEDS to adapt...
So I got no problem with a Dev leading a coin to the Promised Land.

But the whole "community voting" thing is total bullshit:

(1) Random people are not qualified to make complicated decisions...
And a crowd of random people is even less qualified....
Everyone just wants more money yesterday. 

(2) The Dev will usually quit if the "vote" doesn't go his way.

So let's have Wise Benign Coin Lords, but cut the crap with the fake "democracy".

Oh no! I know too well this Hazard... unbias? a joke? ???

Dont worry babe, I'll be gentle.

How about enough of making up crap you know nothing about? You're not a part of this community to judge it or know how decisions are made.

You are not some wise expert either. Which makes your opinion, and that's all it is, an opinion based on ignorance.

Thank you for your pointless words without any sort of knowledge though, always appreciate it.

Lol, babe, you think I care? you think yourself so influential now? Do whatever you like, I don't even care a bit ;D
But for unbias? maybe in your dream.

Your response is hysterical. You are intolerant.  

If you leave out BTC and LTC...
This small player's coins have 1% of total Alt Coin Cap ($200,000 out of $20,000,000).

The recent MemoryCoin had a built-in voting system:

(1)  Every vote was manipulated by the Dev or others.

(2)  The last vote was whether to give the Dev 20% of the coins...
After weeks of confusion and debate...
The miners voted against, the Dev quit, MEG was delisted, coin is in limbo.

Everybody lost.

(3)  Long-term strategic decisions involving forks should be made by a trusted Dev...
Corporations hire CEOs to make decisions... countries elect leaders to make decisions.

Specific policy decisions made by popular vote are notoriously poor... look at bankrupt California.

Do you think Bitcoin development decisions should be made by popular vote?

Lol who are you, Nostradamus or something? Changes were made to react to the current crypto landscape after alot of input and discussion from the dgc community and even outside people. It was certainly not a snap decision without any thought and was done with alot of lead in time so people can update. You don't even know Baritus so who are you to pass judgement on him? Do some research instead of talking rubbish and spreading fud.

Good one. I know in the grand arena I am a nobody, but I am part of this community and voted with others on the changes presented by the developer with no pressure what so ever to decide on one fate or another.

Back down QuantPlus and pollute somewhere else.

There was no DGC vote...
Just an informal thread "poll"... with NO RESULTS to the "poll".

http://digitalcoin.co/forums/index.php/topic,170.15.html

Baritus Oct 4th:

"I've been testing different possibilities and will settle on the least disturbing solution for the next update."

Baritus Oct 4th:

"While the decision to take action makes sense to poll, the complexity of the different options and their implications requires much more in depth technical knowledge and testing. Polling for options would not be very useful. Rather, I will select the most effective prototype at accomplishing the goals."

---------------------------------------------------------------------------

This is PRECISELY what I was pointing out (and supporting)...
Devs have these mock votes where they apply intense pressure for a specific option...
Then guys like Baritus make UNILATERAL decisions due to "complexity" and "implications".

Then Baritus comes here... and claims his coin is some kind of democracy...
And his Zombie Stooges attack me for pointing out the obvious.

So you think the forum was the only place discussions took place?? The decisions taken were not based solely on a voting system. All input was taken on board and given careful consideration over time. You are commenting on something you know little about and trying to relate it to actions taken by other coin devs and communities. Baritus works hard behind the scenes and is talking to the community almost every day getting input and opinions to help assist in the direction dgc takes. Changes need to be made to react to an ever changing crypto landscape. What would you prefer, a dev that does fkall and leaves a coin to die??

What is your point other than to try and spread fud and attack a dev who you don't even know? Sounds to me like your holding some other coin and trying to peddle an agenda maybe? As I said before go and do some research before you start talking absolute nonsense. The only zombie I can see here is the one spreading fud and can't accept that the dgc dev actually gives a shit about his coin and is trying to do a good job on behalf of the dgc community and improve it in a fair manner.

A coin needs to adapt about security, new GUI, new features etc. but that's all!

The block reward has to be stable to remain credible like Bitcoin does.

Cryptos are completely free-market currencies that are immune to manipulation by governments and banks and you would like devs to do the same thing than them. Just doing exactly what cryptos were supposed to not do...


Voting system or not, community or not, you can't change the rules in the middle of the game each time you don't get your way!

these scam "block reward change" angers me. GLD did it, WDC did it and now DGC did it. PURE SCAM. these scum devs are no better than governments who raise debt ceilings and just print money freely.

Here is the blue print to running a successful scam coin.

0. claim you are a "dev"
1.clone scrypt coin, use a 500 block reward or something higher
2.instamine/premine coin
3.dump once it hits cryptsy.
4. let coin die for a bit, mine as much as you can on low diff. buy back at a lower price as many coins as you can. hoard all your coins.
5. change block reward to something lower, for example from 500 to 10. claim some obvious scam reason like "sustainability"
6. watch sheeple pump your coin
7.????
8. profit.

perhaps IFC should just abandon the planned block halving that is coded into the coin and reduce block reward from 65,000 to 15. we overnight crypto millionaires now.

Your description is right and, unfortunately, sad because I fear that a world without government and rules would be absolute chaos with all these scammers and greedy people...

@Loki8
@tokyoghetto

DGC price is at an all time low. That means both of you and everyone else can get DGC cheaper than I and all the other early investors did. Do you understand economics?

So we are making a change that benefits the current stakeholders.

The same change benefits people entering now(after the early investors) even more than the early investors.

The new investors will have a currency that's not facing unsustainable deflationary pressures.

Logic was the main reason behind the proposed changes and they were backed by those involved because they are positive for everyone.

New article by a chinese guest writer.

http://cryptolife.net/the-0-trade-fee-in-china-and-its-culture-background/

Thanks for the article interesting read, oh, sorry, I mean boo hiss you sux your thread is like the worst ever etc etc etc  ;D  ;D  ;D

My feelings  :'(

Bitcoin is crashing :o

http://cryptolife.net/bitcoin-is-crashing-buckle-up/

Oh wait , or is it ......?

It's a coin toss :D

Advertising costs reduced again in accordance with BTC's rise.

New piece on Quark: http://cryptolife.net/quark-is-it-worth-buying/

I am with you on this one + good article

Looks good brother.

Hazard,

If you were building a portfolio from scratch what altcoins would you suggest investing in?

I was thinking peercoin, quark, stablecoin (based on your recommendation and the cheap price/coins in circulation), LTC if it drops and namecoin.

I really like your website and it's nice to have someone who isn't afraid of criticizing the dodgy alt coins and their creators.

I get that question a lot.. In terms of altcoins, LTC, SBC are my main holdings right now. I also have a moderate amount of QRK, DGC.. And a small amount of PPC.

Right now, I expect SBC to be the best performer. With only 6 million coins in existence, a price target of $0.50 or even $1.00 is very reasonable, judging by similar coins on http://coinmarketcap.com . At the moment, each coin is still only about 2 cents. So there's plenty of room for it to grow.

Mind you the price is up over 200% since I posted my article... The party has yet to get started though.

Thanks for the advice, much appreciated.

Traffic has really been ramping up in the past few days, consistantly clearing 1000 views/day now.

Positions for advertisers and contributors are still available.

Bump

Hazard if you want to post your cryptsy trade key i'd be glad to add it to my profile so you get a referral bonus.

Quark is doing great :)

Any thoughts on datacoin? I saw your posts about the legality issues with adding illegal data but nothing as far as investments go.

there are no legalities with what is posted in the blockchain,  just like TOR routing thru your computer, or yahoo, they have no knowledge or control of whats being search so they cant can legally be held responsible, i believe stuff in the blockchain would be the same.  Dont be scared of a new cryptocoin because of the the FUD people lay down.


J

Guys, I'm getting blocked by my security software trying to access cryptolife.net


Anyone else getting anything like this? Just sort of started today. With the bitcointalk attacks and the current price of bitcoin I'm especially suspicious...

Sophos has hated my site since I've started it. Someone sharing the same IP as me has some sketchy shit on their servers. Don't worry, it's a false positive. I'm debating switching hosting companies since I get this complaint a lot.

On a lighter note, new piece re-examining last weeks winning picks: http://cryptolife.net/this-week-in-review-all-eyes-on-stablecoin-and-quark/

Thanks for the suggestion, I'll check it out.

+1 on DO, good solid service

You can always use this link to sign up. ;)
https://www.digitalocean.com/?refcode=6fd445d669fb

I figured as much, here's the link if you want to get whitelisted; https://www.sophos.com/en-us/threat-center/reassessment-request.aspx

Quick piece on bitbar: http://cryptolife.net/crapcoin-of-the-day-bitbar

I love crapcoins. Let's talk about pennies!

http://cryptolife.net/crapcoin-of-the-day-pennies

Exposing the WorldCoin scam

http://cryptolife.net/exposing-the-worldcoin-scam

Keep it up! 

thanks for that WDC article.

Time for me to buy more DGC.

Who the hell is buying dogecoin?

http://cryptolife.net/who-the-hell-is-buying-dogecoin

I was thinking the same thing  :D
Although, I am glad I bought some as speculation (knowing how the internet gets) and sold on whoever was buying.

Scam Alert: Earthcoin

http://cryptolife.net/scam-alert-earthcoin

This week in crapcoins

http://cryptolife.net/this-week-in-crapcoins

+1

Nice site. I'll be keeping an eye on it.

A most enjoyable read - no arguments here! :D thx

A lot of helpful advice on your site, but I'd like to hear your opinion on NXT.

Thanks!

Avoiding the next generation of crapcoins: http://cryptolife.net/avoiding-coins-created-with-coingen/


Has dozens of extremely large holders that could crash the price to 0 if even one of them decides to cash out a small percentage of their holdings. It gets a big NO from me.

http://cryptolife.net/the-gimmicks-continue-say-hello-to-42/

You would of thought "developers" would of realised pre-mines don't work anymore.

+1

Next is the most sinister of all imo.
Centralised controlled currency was what we came here to get AWAY from FFS.........

Could you write a piece about iXcoin?

Well - I for one begin to be seriously fed-up with all those alt-coins.
I have been mining for some months now - even invested a 4 digit figure in equipment - only to realize that I will always be running for the last wagon in the train - unable to catch up because it is rolling forward faster than I can run...

It is only the developer(s) and those who join in the first few minutes, hours, of a coin release who will be the winners, with 100,000 - 1 mill - or even several mill coins in between them - the rest of us are the fools mining along and if we are lucky we get a few coins which are worthless.
Granted we can buy in with real, hard earned currency. But that's a gamble.

The big winners are those devs who start the coins - and most of them vehemently deny they have pre-mined it - no-one can really know. They all pack it in like 'promotion stock' and etc.
But fact is they can all scoop up who knows how many BTC for their 'effort'. The rest of us look like fools - 'trading' our meager satoshis for breadcrumbs, on the exchanges where the owner has been 'bribed' with x mill coins so he too can make some BTC from the little 'eager beaver' traders who think they will win bigtime..

No - the only winners are those devs of the coins and the owners of the exchanges - plus the makers of the mining equipment..

Also the whole BTC mining has gone too far..! It is OK that some who came in early get a bit extra out of it (pre-mine or preferential advantage is another question here - but I will let that hang in the wind).

But that the coin is built so that the difficulty is rising at a rate where only super-powerful equipment - out of reach to the little man - can participate, is plain wrong!

This means that it has already become a powerful controlling entity - when it was actually meant to be the opposite of the mighty governments controlling us.

I think it is highly overdue that someone brings the high-speed train to a slowdown in order for BTC not to end up becoming available only to the wealthy and insiders. If that happens (already a fact btw) - the BTC will surely be opposed by the man on the street.

He does not want another mighty power - out of reach to him - to control him.

But the price of Bitcoin is irrelevant to be able to use it. It works if a coin is $1 or $1million. If you want $10 worth of coins to send you can regardless of the price. How is this only for the rich?


 

..because only those who can mine them are the winners - those of us who must buy them for real currency are the losers..
..and those who mine them are the ones who control them..

But if you can then buy things with the coins, how have you lost?

hmmm - don't think you understand what I mean..
..it is now a fact that only those who have amassed BTC - and those who can afford to purchase the hash power will be able to mine BTC..
This means that they will be the ones controlling the coin..
My post was not about the price of the BTC it was about the ability of the little guy to be able to participate in mining the coin.. And that ability is now gone - BTC has become a 'snob' coin for those who owns it..

..those who are so powerful that they can continue mine the BTC - they can continue mine them for free - minus the electricity and equipment - but that is a miniscule expense if you already have plenty of BTC and the BTC you mine will be in plenty excess of your expenses to mine them..

I've spoken negatively about NXT and Mastercoin before. Quark I only liked as a short term investment, back when it was still sub 1000 satoshi.

Due to an overwhelming amount of requests... In depth analysis of NXT:

http://cryptolife.net/in-depth-analysis-nxt

What's my latest altcoin pick? Find out...

http://cryptolife.net/huntercoin-the-coin-thats-a-game/

My thoughts on Gox: http://cryptolife.net/today-mt-gox-died-and-it-tried-to-take-bitcoin-with-it/

Andddd we're still discussing Gox.

http://cryptolife.net/putting-some-perspective-on-todays-downtrend/

Busy day today

The curious case of pandacoin(s): http://cryptolife.net/the-curious-case-of-pandacoins/
Exposing the Mincoin scam: http://cryptolife.net/scam-alert-mincoin/

Introducing the CryptoLife Forum

http://cryptolife.net/introducing-cryptolife-forum

A breakdown of anonymizing cryptocurrencies

http://cryptolife.net/breakdown-anonymizing-cryptocurrencies/

Cheating The System - Auroracoin Edition

http://cryptolife.net/cheating-the-system-auroracoin-edition/

only news I read is BBC, Al Jazeera and cryptolife.net.

keep up the good work.

great site. i wished you could write 10 articles a day...lol


really good stuff

i remember when cryptolife endorsed stablecoin as the next big thing... LOLLO its completely dead

And it was... It appreciated 30000% within a week of my posting about it. You should know by now that I play the short game with most coins. ::)

then why did u hate on nxt? makes no sense given its initial rise. what u just said is an utter excuse ;D ;D ;D

but no problem brother. i do like ur site, read there frequently

DarkCoin – The Next Big Thing, or Just Another Pump and Dump?

http://cryptolife.net/darkcoin-the-next-big-thing-or-just-another-pump-and-dump/

Nice work.
 
Since the exchanges like Cryptsy and MintPal are partners in these frauds...
This is what is known as Racketeering in the USA (highly organized crime)...
So now we are talking 10s of millions of $$$... and Bernie Madoff jail terms.

It's too bad, because the real innovation gets lost in the bullshit.

Nice to see you maintaining your standards Hazard.

Having read that article, I think we need another category of poster on bitcointalk for us all to aspire to - Newbie, Full, Senior and now "Charlatan Poster".

You'd qualify for immediate promotion  ;)  In fact I might actually use your hit pieces as a buy signal - better than a 12 hour MACD on a sharp crossover.

p.s. "Its" and "it's" work the other way round - the possessive doesn't have an apostrophe. Apart from that your understanding of English grammar is an improvement on your presentation of cryptocurrencies or your understanding of their markets :)

Theoretical millions of dollars, the reality is that the market depth is not nearly deep enough to support that kind of cashout. Still a significant amount, though.

Please, come back when you would like to discuss the substance of the article rather than harp on about a grammatical error.

I think you got that wrong. The grammatical error *was* the substance of the article, at least as far as anything worth discussing was concerned.

As far as the rest went, there's more substance in pondlife than "Cryptolife". Try posting it in one of the Bitcointalk squabble threads - it won't look so out of place and you might actually get a response  that suits you ;)

New piece about NautilusCoin... Buyer beware.

http://cryptolife.net/scam-alert-nautiluscoin/