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1101  Alternate cryptocurrencies / Altcoin Discussion / Re: 5LTC each for your research and analysis skills on: January 17, 2013, 09:43:41 AM
Ok i'm going to add to this over the day as I think of more but:

Germany 1919 was given the bill for the end of WWI and had to repay reparations to the "winners" of WWI.... This bill was essentially footed by the german general public
America today is having to "bail out" or foot the bill for the bankers and governments misappropriation of funds.... ultimately it is the general public who are footing the bill

German consumer flight from cash to hard assets,
Look at the price of gold and other hard assets... even BTC Cheesy assets that can not be inflated retain more value to the consumer than the currency

The German government set up rigid exchange controls as the inflation proceeded. As usual under such conditions, a black market flourished
In Germany there was a German Black market trade where you could trade items outside the realms of the government issued money
trading sites like Bitmit, SilkRoad exist where you can again trade goods outside the government issued money

ooo nice little side interest here....
The main part of the German coat of arms is the eagle. The eagle represented invincibility and was one of the most respected animals in medieval times
The main bird representing the Americans is the Bald Eagle ... yet again another eagle... invincible eh??

still one of my favorite pics....
 and one in USA today burning money for heat

Ok interestingly one of the first steps that gave the German Weimar Republic the ability to print more money was ... the Reichsbank (German Central Bank) suspended redeemability of its notes in gold. After that there was no legal limit as to how many notes it could print.
The American $ has never been backed by gold or a physical tangible asset... mostly debt and speculation so printing more $$ is never a problem



Just thought I should add some of the sources I have found most insightful and useful

http://www.usagold.com/germannightmare.html
http://moneytipcentral.com/inflation-in-america-what-will-hyperinflation-look-like

interesting things to watch out for in the future like paying wages on weekly or daily basis
http://ingrimayne.com/econ/EconomicCatastrophe/HyperInflation.html

very useful link here and i will probably summarize if needed
http://www.sustecweb.co.uk/past/sustec17-3/weimar.htm
1102  Alternate cryptocurrencies / Altcoin Discussion / Re: Needed: Bug testers! For free TRC. on: January 16, 2013, 10:00:15 PM
Balance 10 TRC, sent 9.9 TRC with fee 0.1 TRC, balance after -0.009 TRC.  Huh
Could you tell me your address?

rabbit, you are going more crazy with every new post! You already know my address since you funded it with 10 TRC today, didn't you?  Grin

haha well he is one CRAZY rabbit Tongue
1103  Alternate cryptocurrencies / Altcoin Discussion / Re: ppcoin market crash on: January 16, 2013, 09:59:26 PM
Thank you wormbog, you have answered my question perfectly and left me with the feeling that I understand BTC even more now Smiley ... hehe and ty for the satoshi Cheesy i'll save those for 2114 when they worth millions!! Smiley i'd send u some coins back... but i know u prob not interested in any of the altcoins i got Tongue and i'm all out of BTC at the moment... still waiting on BFL to deliver some product :/ but rest asured I never forget those who expand my knowledge and mind Cheesy ... oh and if you would like some altcoins do say Smiley
1104  Alternate cryptocurrencies / Altcoin Discussion / Re: ppcoin market crash on: January 16, 2013, 07:39:00 PM

also what happened to LTC being the silver of BTC's gold?? and that people will trade in LTC as BTC are just so precious and too valuable to trade on a day to day basis.. i know we are far from that at the moment, but do you think that LTC is in the same boat as a doomed to fail currency??


Yes, LTC is also doomed to fail. Silver make sense because gold can't be broken down into small enough units for convenient everyday use. Bitcoin doesn't have that problem.

Yeah i feel ya.... though I am disappointed I can't send 1 Satoshi from my wallet without incuring a huge transaction fee Sad I don't know enough about the transactions fees but will this reduce over time??
1105  Alternate cryptocurrencies / Altcoin Discussion / Re: Needed: Bug testers! For free TRC. on: January 16, 2013, 07:36:51 PM
have the accounts been deactivated?? as I am unable to login on my account i created at the start?? hope not lost my 3TRC that was in the account!!

Yes it has been lost. Make a new account though and I'll put it back though. :-)

Well i hope the coins are not completely lost?? and that you were able to get them out back to your wallet??

but i created a new account and here is my addy for the account > 13CvJXtKD3xiPkmkGv9LwbiGMHdZV9MADL

Sent you some more coins. :-)

received TY Smiley will have a play around when i get home tonight
1106  Alternate cryptocurrencies / Altcoin Discussion / Re: ppcoin market crash on: January 16, 2013, 05:58:18 PM
Sure, you can get more PPC through PoS generation. But if nobody will accept them for transactions they're nothing more than toy money. The same thing has already happened to numerous alt-chains: IxCoin, I0Coin, CoiledCoin, SolidCoin, BBQCoin, etc.

I used to think that it would be smart to hold a small amount of the various alt-currencies in case one of them happened to get popular and take off some day in the future. Clearly that has not happened for any of them yet. Over time, I've come to realize that it never will. Why? Because once a new currency has been out for a few months, a small handful of miners can collect huge stockpiles of the new coins with relatively little effort. They're worth almost nothing, but alt-coin fans hold on to them just in case.

Let's use PPCoin as an example. Let's say that 2 years from now, Bitcoin's requirement for miners has proven to be a huge problem. The blockchain is too big for anyone to work with directly, and all mining is done by multi-million dollar quantum computers that only large institutions can afford. The banks collude to do most transactions off-chain so chargebacks are possible and anonymity is gone. The crypto community becomes disenfranchised and start looking for an alternative that the banks can't take over so easily.

Meanwhile, PPC enthusiasts have been happily improving the protocol, and it's now widely seen as the perfect solution to take crypto-currency "back to the people". The early adopters who still have their wallets with a few hundred thousand PPC are drooling in anticipation. All the waiting is about to pay off!

BUT IT WON'T. Community leaders won't start pushing PPC. All those bulging wallets will be seen as little more than a massive pre-mine. Instead, they'll grab the source, use it to create a new coin with a name that won't make all the kindergarteners giggle, change the crypto so the banks' quantum computers can't take it over, and launch it fresh.

In conclusion: if an alt-currency doesn't get merchant buy-in within the first few months of launch, it is destined to fail. Bitcoin is the only exception, and only because it was the first of its kind. Bitcoin's early adopters may very well become super wealthy some day, but alt-coins are not a path to riches. They're great for research, but terrible for investment.

my head says I agree with you entirely but my heart says shut up and I will be a millionaire when one of the altchains takes off, just a question of which one Tongue

also I would have to add that say there was an adoption of one of the alt coins by a large merchant... say ebay liked the idea of TRC over BTC as they saw an opportunity to make money from it by running their own SR equivalent on TOR then that would surely make the value of TRC worth it... however I do have to agree that it would make more sence for them to create their own coin and launch as Ecoins where they could have the initial advantage of mining at the start rather than joining months down the line once a huge number of coins are already in existance... and even if TRC did take off in such a way i'm sure we would see the bubbles and attempted busts of the currency.... especially if ebay were to take on a coin as i think there would be an outcry of users saying not to play into ebays hands etc...

also what happened to LTC being the silver of BTC's gold?? and that people will trade in LTC as BTC are just so precious and too valuable to trade on a day to day basis.. i know we are far from that at the moment, but do you think that LTC is in the same boat as a doomed to fail currency??
1107  Alternate cryptocurrencies / Altcoin Discussion / Re: Needed: Bug testers! For free TRC. on: January 16, 2013, 03:50:58 PM
have the accounts been deactivated?? as I am unable to login on my account i created at the start?? hope not lost my 3TRC that was in the account!!

Yes it has been lost. Make a new account though and I'll put it back though. :-)

Well i hope the coins are not completely lost?? and that you were able to get them out back to your wallet??

but i created a new account and here is my addy for the account > 13CvJXtKD3xiPkmkGv9LwbiGMHdZV9MADL
1108  Alternate cryptocurrencies / Altcoin Discussion / Re: Next Freicoin Difficulty on: January 16, 2013, 01:41:01 PM
It seems that the network has slowed down some more. There are about 60 blocks being found a day at the moment. Looking at Coinotron over the last 19 blocks they have found 1 in 4.47 blocks meaning that Coinotron is finding 22% of blocks. As Coinotron over the last 24 hours has had 9GH on FRC we can speculate that the total current hashpower for FRC is currently around 40GH hopefully putting the difficulty even lower for the next change.

So my calculations put it on 13 days till next difficulty adjustment (29th jan) ... and difficulty should be in the 3,000-4,000 mark??
1109  Alternate cryptocurrencies / Altcoin Discussion / Re: Needed: Bug testers! For free TRC. on: January 16, 2013, 01:35:38 PM
have the accounts been deactivated?? as I am unable to login on my account i created at the start?? hope not lost my 3TRC that was in the account!!
1110  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency on: January 16, 2013, 09:17:07 AM
www.proofofstake.com seems to have stopped showing difficulty and mint/day.

Still shows nothing for me.

It loads eventually for me.. just takes a little time... but the PPC to BTC and PPC : BTC exchange rate graphs are the only ones that are running up to date.... Market Cap, Difficulty and Minted daily all seem to stop at about the 3rd -7th December Sad
1111  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency on: January 16, 2013, 08:53:22 AM
with the new upgrades etc how do you upgrade to not be effected ?

usually you just need to update your wallet client with the latest one within the time frame Sunny king will specify and you will not notice any difference

Though ALWAYS REMEMBER TO BACKUP your wallet.dat file

and I usually test on a separate computer but that just me being extra cautious

I think if you do not update within the timeframe then you will not receive any POS from that point as the nodes you connect to will not recognise u as running a valid latest version... or you will have difficulty downloading the latest blocks in the blockchain.

This is my understanding so if anyone wants to clarify or correct me then please do... knowledge is power..... but i'd rather have higher hashrate!!
1112  Alternate cryptocurrencies / Altcoin Discussion / Re: TRC Project Bounties - I'm funding! on: January 15, 2013, 07:04:16 PM
Mine the fuck out of a new alt chain at low diff for a day or two then put up bounties for things that require likely more than a day or two to develop and call it a BOUNTY.

LOL!

and there I was thinking that there was only 1 true type of bounty....
1113  Alternate cryptocurrencies / Altcoin Discussion / Re: 1 Million TRC Mined on: January 15, 2013, 05:02:29 PM
I thought there was talk of TRC being developed for the solving of the large blockchain storage size and slow download speed?? developed by BTC developers for testing and implementation purposes?? this i only going off memory what someone said on here i thought so i could be wrong?
1114  Alternate cryptocurrencies / Altcoin Discussion / Re: TRC Project Bounties - I'm funding! on: January 15, 2013, 04:47:00 PM
I've contacted the developer behind the Armory and am looking into the code for this to as 5000TRC is a nice bounty for that task and I would like to see if I can actually see something through to completion and receiving the bounty!! I'll let you know how I get on

Just to say I have been given the source code and am looking through it and should be able to get something up and running (hopefully) so I'll shout when I have success Cheesy
1115  Alternate cryptocurrencies / Altcoin Discussion / Re: TRC Project Bounties - I'm funding! on: January 15, 2013, 01:15:51 PM
I've contacted the developer behind the Armory and am looking into the code for this to as 5000TRC is a nice bounty for that task and I would like to see if I can actually see something through to completion and receiving the bounty!! I'll let you know how I get on
1116  Alternate cryptocurrencies / Altcoin Discussion / Re: 1 Million TRC Mined on: January 15, 2013, 12:51:35 PM
Wonder who has the most TRC...

Substrata was talking of a couple of eastern european guys who had 50K each
1117  Alternate cryptocurrencies / Altcoin Discussion / Re: Next Freicoin Difficulty on: January 14, 2013, 06:14:36 PM
Thank you bushstar for this i was wondering what the next freicoin diff was gonna be and when we would see it Smiley so you nailed 2 birds with one stone
1118  Alternate cryptocurrencies / Altcoin Discussion / Re: Converting BTC services to TRC. on: January 13, 2013, 07:50:51 PM
Gambling of any kind
BitVisitor > TerraVisitor (space travel agency offering trips to Earth)  Cheesy
Faucet
...
Terracoin logos so I can make Terracoin Turtle game!

here's ur logo....
1119  Alternate cryptocurrencies / Altcoin Discussion / Re: (STICKIE PLEASE) - List of All Cryptocurrencies - Wiki on: January 11, 2013, 12:05:43 PM
sorry to tarnish ur thread... but if it does get a stickie i'll update this to show a summary of the altcoins.... but for now... ]
U want a Stickie ... something like this??
+

get it?

also this gives it a bump for the admin to see the thread
1120  Alternate cryptocurrencies / Altcoin Discussion / Re: Needed: Bug testers! For free TRC. on: January 11, 2013, 12:01:33 PM
PM sent Cheesy
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