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101  Alternate cryptocurrencies / Altcoin Discussion / Re: Getting lost in Proof of XXX on: December 01, 2014, 11:04:43 AM
MaidSafe/safecoin uses Proof of Resource (POR), but it's only at the IPO stage. It sounds similar to Proof of Storage.

https://bitcointalk.org/index.php?topic=579797.0
102  Alternate cryptocurrencies / Announcements (Altcoins) / Re: OneCoin-The New CryptoCurrency That Will OverPass Bitcoin on: November 30, 2014, 10:29:09 PM
What makes this coin better than the 500+ other alts out there?
103  Alternate cryptocurrencies / Altcoin Discussion / Re: Mine XRP Ripple for free on DigitalOcean ($10 Free Credit) on: November 30, 2014, 09:49:06 PM
Please can someone explain what the latest way is to 'mine' or obtain XRP? Can DigitalOcean servers still be used? If so, are they viable to use v/s the XRP gained?

Many Thanks

No, they stopped the Computing for Good giveaway. The Computing for Good website says this

Computing for Good, May 1, 2014: The Computing for Good project is no longer running

https://www.computingforgood.org/
104  Alternate cryptocurrencies / Announcements (Altcoins) / Re: MewnCoin X13 Ninja !!! on: November 30, 2014, 09:40:24 PM
When will a block explorer be available?
105  Economy / Speculation / Re: 5 digits before the end of the year. on: November 30, 2014, 09:25:04 PM
This thread has really brought it home to me how much sentiment has changed over the last six months. It would be nice if things turned on their head in another six months.
106  Alternate cryptocurrencies / Altcoin Discussion / Re: Please help explain this on: November 30, 2014, 09:18:28 PM
There is only the pump.


I'm sure isn't the case but for a LOT of coins it is fact. There are some legitimate coin projects that rise in value on their own. 

Plenty of legitimate coins tend to gravitate towards the top of coinmarketcap and stay there. Scam coins might briefly make it to the first page, but they don't generally stay there for long.
107  Alternate cryptocurrencies / Altcoin Discussion / Re: Please help explain this on: November 30, 2014, 08:35:53 PM
There have been loads of scam coins this year and giving a PoW coin a premine is just one of a range of tricks the devs have used to get most of the available supply as soon as a coin launches. There are other tricks like a dev ensuring he is the only person that can mine at launch and giving the first few blocks a massive block reward. There are loads of types of scam coins not worth investing in.
108  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Darkcoin is better and why we should all use it on: November 30, 2014, 08:28:10 PM
What if someone does not want anonymous transactions? Is it possible to send non-anonymous transactions using dark coin?
109  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FedoraCoin (TiPS); New style, new services, same unique features on: November 30, 2014, 07:54:28 PM
Now the block halving at height 416,000 passed the big mining pools should have less to dump. I guess the big pools might have been holding TIPS back until the halving.
110  Economy / Speculation / Re: BITCOIN UNDER A 100 DOLLARS OR OVER A 1000 DOLLARS IN A FEW MONTHS? on: November 30, 2014, 05:58:54 PM
IMO in a few months bitcoin will be about the same price as it is now. We have had months where the price went sideways already and it might well continue.
111  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin celebrates its 1st birthday Thunderclap campaign! on: November 30, 2014, 01:52:50 PM
What is a thunderclap campaign?
112  Economy / Speculation / Re: Down with the sub. on: November 29, 2014, 10:51:01 PM
Yes at one pizza = 10000 bitcoins
113  Economy / Speculation / Re: what would you chose? on: November 29, 2014, 09:46:39 PM
It depends for me, if it is for fun, I'll take 100XBT hoping it will gain value.

If it is for salary, then at this point I'll definitely go for $50,000. There are bills to pay, mortgage, insurance, etc...


2.


If it's for salary, that $50,000 you get will be taxed at roughly 65%, so you actually end up with $32,500.

If you take 100 bitcoins you won't pay tax until you convert to fiat.  So even at the depressed current rate, 100 bitcoins would be worth $37,000.  Not to mention the potential upside when we get out of this rut.  With current laws, the only tax you pay on bitcoin is on your gains, as an investment, similar to capital gains.  So if you kept for 1 year and didn't exchange for fiat, you would only pay 15% tax on your gain.  It's pretty fuzzy, but in the end you would end up with a whole lot more if you took the bitcoins.

I guess it depends what country you reside in.  What I stated is based on the United States (because OP phrased question in $, which I assumed to be USD).  But if it's a country that has banned bitcoin use or criminalized it, then I would definitely take bitcoin, because in such country, the inflation of fiat would likely be so great that you would be losing a lot more going with the 50,000.

I suppose the logical choice depends on the tax rules of the country you live in. I heard some charge a level of capital gains tax on bitcoins that's way above their income tax level.
114  Economy / Speculation / Re: It's happening! --- 3̶6̶0̶$̶ 454$ on: November 29, 2014, 09:31:25 PM
Being a bitcoin moon dawg, thought I'd bump (premature once again?)  Grin


So we were at $358 a couple Hrs ago now $380, at least there's been some movement today.

Smashing $400 tonight might be a tall order? Or quite likely (lol)



I doubt we will get anywhere near $400 tonight looking at the massive sell walls stopping it.
115  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Mobcoin (MOB) - X11 PoW/PoS - Smooth launch! 19900 blocks to mine, get on it! on: November 29, 2014, 08:20:22 PM
We just hit bittrex!!

https://bittrex.com/Market/Index?MarketName=BTC-MOB

Sorry for not posting earlier but we've been really busy finishing up the update that will be launched tonight!

Thanks a lot to all who've been supporting us!. This is just the beginning...



The order books are just beginning to fill up now. There should be mountains of orders soon as word spreads that the market's opened.
116  Alternate cryptocurrencies / Altcoin Discussion / Re: Are all altcoins divisible upto eighth decimal places ? on: November 29, 2014, 08:09:50 PM
XMR has 12 decimal places

We need more.. since people need really to do new coins with Billion of coin cap or even Trillion.
You can see that these have a big problem to trade at 0,00000001 statoshi


Is 100 Trillion coins enough? One sat would buy you a million.



I'm so tired of seeing so many CrapCoins pop up everyday and nobody at least admits their coin is total dogshit.  So I'm Launching a new coin in hopes this will jump the CrapCoin Shark:  SHIT.

ShitCoin will be the biggest POS coin you've ever seen.  No, not Proof of Stake, that's absurd, but "Piece Of Shit" coin.



--  100 Trillion coins - that's as shitty and absurdly ridiculous as any CrapCoin can possibility ever get.





117  Alternate cryptocurrencies / Altcoin Discussion / Re: Opinion: Why Ripple/XRP Doubled In Value in Less Than A Week on: November 29, 2014, 06:12:52 PM
Ripple is a payment protocol for a electric currency

Same is the JP Morgan patent.

Quote
155. A computer-implemented method of providing an anonymous payment from a mobile device to a payee device to enable an electronic payment between a payer and a payee without provision of an account number or name from the payer, the method comprising: storing, in a computer memory at a host server, payer information and instructions; and accessing the computer memory using a computer processor to retrieve the payer information and instructions and executing the instructions to perform steps including: receiving at the host server, a bill payment message from the payee, the bill payment message including a transaction ID; transmitting the transaction ID to the payer, the transaction ID permitting the payer to initiate transmission of a payment amount; generating a payment authorization message from the payer, the payment authorization message including a payment amount to be tendered to the payee and the transaction ID, the transaction ID allowing identification of the payment, thereby enabling redemption of the payment amount after the payee receives the transaction ID; and transferring the payment amount from an account associated with the payer to an account associated with the payee.

Quote
[0018] The present invention represents a new paradigm for effectuating electronic payments that leverages existing platforms, conventional payment infrastructures and currently available web-based technology to enable e-commerce in both the virtual and physical marketplace. The concept provides a safe, sound, and secure method that allows users (consumers) to shop on the Internet, pay bills, and pay anyone virtually anywhere, all without the consumer having to share account number information with the payee. Merchants receive immediate payment confirmation through the Electronic Funds Transfer (EFT) network so they can ship their product with confidence that the payment has already been received. The present invention further enables small dollar financial transactions, allows for the creation of "web cash" as well as provides facilities for customer service and record-keeping.

This is a good one

Quote
[0026] The Account Reporter is a flexible component offering instant payment confirmation, reconciliation and record retention so that merchants can track purchase orders against actual payments in real time. Every VPL transaction can be stored, searched, and retrieved. This archival/retrieval functionality is the perfect instrument for customer service and data mining. The Account Reporter offers all of the above features, without the need to actively engage in funds management as is required with the prior art.


It's only a patent application that's not been approved by a patent examiner yet. I doubt it will be approved because if anybody has previously demonstrated something similar it's not allowed. This sounds like bitcoin, ripple, or any other crypto. Here's the details.

United States Patent Application   20130317984
Kind Code   A1
O'Leary; Denis ;   et al.    November 28, 2013
Method and system for processing internet payments using the electronic funds transfer network

Abstract
Embodiments of the invention include a method and system for conducting financial transactions over a payment network. The method may include associating a payment address of an account with an account holder name, the account residing at a financial institution and the associated payment address of the account configured to allow withdrawals by the account holder only and to allow a plurality of deposits to be made at different times. The method further includes freely publishing the payment address and making it available to users of an internet portal or search engine. The method further includes receiving data over a network identifying a deposit to be made to the account, assigning the deposit to the account using the payment address, and notifying the payer of the assignment.
118  Economy / Speculation / Re: Do you plan to get out of bitcoin? on: November 29, 2014, 05:04:27 PM
The early adopters are smart. The early adopters are not on, here, though unless they are just bored. Yes, getting in on the first major digital currency in its infancy, even if that digital currency carries on, is replaced, or is stifled by regulation and outside forces, was very smart. I don't think that is relevant to the present day, though. In the present day, there are two major questions: (1) How much of the price run-up was bubble froth and how much of it was "true" (for lack of a better word); and (2) Will there be another (or other) demand spike events/will the user base increase in a punctuated equilibrium fashion -- stagnate, stagnate, stagnate, boom, stagnate, stagnate, stagnate, boom... etc.

I've heard decent arguments in either direction... but then I've heard even more just crazy $10000000000 coin madness.

The early adopters went through the exact same thought process you and I did when we first discovered bitcoin. Just earlier Smiley

Nothing has changed with bitcoin since then except that it's now far more likely to succeed, which is reflected in its exchange price.

If it continues to be used as a investment medium, if user adoption continues in fits and starts then the price has to rise further. I wouldn't bet the farm on it but it is worth a sizeable punt Smiley



I suspect plenty of early adopters sold at the wrong time and failed to buy back in at the right time. I head Jed McCaleb sold a load of bitcoins to Mark Karpeles for a dollar each when he sold Mt. Gox to him, although he still holds a 12 percent stake of shares in the company.

119  Alternate cryptocurrencies / Altcoin Discussion / Re: Ryan Kennedy aka Moolah scammer can be met in London tomorrow on: November 29, 2014, 04:10:00 PM
This reddit poster seems to have attended the court.

http://www.reddit.com/r/dogecoin/comments/2noucz/moolah_in_court_day_zero_kennedy_ordered_to_pay/

Here's his account of what happened.


This particular court date actually happened, because Ryan Kennedy demanded that SYSCoin put forward £100,000 in securities to cover any potential legal costs suffered by Ryan Kennedy. This type of request also has the additional side-effect of prolonging a case, and adding to the legal fee's of a plaintiff (due to them needing to present an argument against paying such security costs etc). It was assumed that due to the large asking price, and the evidence against Kennedy requiring such securities, that he would be present in court.

Proceedings went as follows;

Court was presided over by His Honor, Judge Seymour.

Ryan Kennedy failed to attend this court date. Kennedy's solicitors were present.
The initial asking of £100,000 in securities was "laughed off" by His Honor, Judge Seymour.
It was confirmed that Kennedy's legal case was not prepared correctly; no agenda nor list of costs were offered to justify the asking of £100,000 in securities.
Kennedy has the right to request a 'fortification' hearing; requiring him to prepare all relevant paperwork and evidences of costs accruing £100,000 in securities.
Kennedy's solicitors instead suggested £13,000 in securities, which was again "laughable", and further rejected by His Honor, Judge Seymour.
Kennedy's solicitors continued to negotiate downwards; eventually settling on £4,000 in securities.
His Honor, Judge Seymour found this amount to be "overly generous" to Kennedy, and instead lowered the required securities to £2,000.
His Honor, Judge Seymour stated that if Kennedy maintains possession of the 750 BTC, that he is required to pay these to SYSCoin by close of business, today.
In the case where Kennedy does not pay the aforementioned 750BTC, the case will proceed as planned.
120  Alternate cryptocurrencies / Altcoin Discussion / Re: Hmm access Ripple wallet on: November 29, 2014, 03:52:13 PM
Ripple labs is phasing out support for the old client. You can still use it through this url until 15 December.

So they'll rob old wallets, eh?   Wink

Welcome to centralized Ripple  Cheesy 

You can't rob old wallets without the secret key, ripple's like bitcoin in that respect.

Old bitcoin wallets will no longer sync with the network, but nobody can steal the coins, you just have to import the private key to the latest wallet. Check out the obsolete wallets page on sourceforge.

http://sourceforge.net/projects/bitcoin/files/Obsolete/

There are wallets there released in 2013 that cannot sync. Here's the warning at the bottom of that sourceforge page.

These releases are obsolete, and are here for historical reference only.
They are incompatible with the current main bitcoin blockchain, and WILL NOT SYNCHRONIZE with it.


Do you expect Ripple to keep supporting old wallets when even bitcoin does not?
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