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11641  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][TAC] TalkCoin | First Chat Coin | Voting system | NIST | No Premine on: April 17, 2014, 01:24:36 AM
Are the names unique or do people send to an address and many can have the same name on a chat
11642  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 17, 2014, 01:07:51 AM
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Nevertheless i like the idea of merging/harmonizing two very sucessful crypto currencies, which i think is (technically) the only way for crypto currencies to achieve mass adoption anyway.


Some dev on redditt mentioned that all alt coins could merge their block chains and still be separate coins.   He was talking about coloured coins on btc Huh     Consolidation would likely help improve the alt coin market but Im thinking doge and bc are very different and this is really not easily possible as bc is not even mined any more.    
Also if any merger is done it should be absolute, not splits as people disagree. So we're talking hard fork and merging oil and water really, I dont see if happening or being of benefit in this case


Just think if Facebook merged with Friendster to take out MySpace what a horrendous mistake that would of been.  The coin is 51 days old.  WAIT let it grow!!

The success of Microsoft and others was partly down to absorbing their competitors and including their features.   That can work and I think facebook has probably taken on improvements from other sites where it could.  
However MS didnt merge, it did takeovers sometimes hostile.  Are we going to take over the doge network, no and without some iron hand making sense and giving direction it would be a bloody mess.    

What feature and added utility is bc to gain from doge

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a big dump is coming.

Protect yourself with stop orders.
That is a self-fulfilling prophecy.    The price will be on sale, enter your limit buys to catch it while its down would also work
So have all black Coins been mined now???
If want any you buy them or if you hold any other coins, swap for them.   Holders gain a very small amount in their wallet, but you need some first
11643  Economy / Economics / Re: Things that Bitcoin does better than digital banking? on: April 17, 2014, 12:56:54 AM
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Bitcoin is valued in relation to its interchangeability with the USD and always will be

Always is a long time.   Dollar has gigantic problems from its debt obligations, the most likely solution is not default, an honest repudiation of excess debt and restoration of currency but endless QE as we are seeing.
  The value of dollar is falling with good reason and its likely even with all its instability that bitcoin will continue to outrank dollar as it falls, which means you gain from avoiding dollar on average when you can.

BTC does transfer too slowly for very small transactions, so some other crypto will deal with cups of coffee,  Theres competition from other global currencies, not all must be tied to dollar and it is certain it will not always be this way.   I know the present situation has been here all our lives but thats just the limits of our vision, it'll evolve

11644  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 16, 2014, 05:50:42 AM
s on the front page sent to my wallet.  Are you sure you're looking at the right transaction?  Should be ~15.4BC/Mh/s.

Shows Profitability (BC/MH)  14.43
for me

Next is Blackcoin Sent and its not what I received and it was the same timestamp, so..

Its not a massive deal, Im not a full time miner just thought I'd mention it
11645  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 16, 2014, 05:31:35 AM
The latest pool payout seems to have messed up a bit.   Its stated payout is about 15x what it actually sent to my wallet.

Anyone else getting that disparity
11646  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 16, 2014, 04:46:24 AM
1 bc = 1 lambo Grin
1 bc = 1 DILDO  Grin Grin Grin
A lambo is a male dildo for most owners.  The majority of which cannot handle it nor will ever use it properly making it a virtual phallus

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P2P Pool, 0.5% fee!
High-speed server located in Amsterdam

A p2p pool for what exactly  Huh


Some relevance to crypto in general :

Code:
Mastercard's Slow Race To The Bottom

In 2002, Mastercard (NYSE:MA) earned $0.66 from every $40 credit card swipe at a retail store. By 2012, regulators slashed that to $0.24- a staggering 63% reduction. Just like the stockbrokers that earned $80 commissions in 1990 now earning $7, so too will Mastercard's power to charge fees inevitably diminish. Once upon a time, Mastercardearned credit card interchange ("swipe") fees exceeding 3%. Today, Mastercard earns just 1.7% per U.S. credit card swipe. It will not be long before this falls below 0.5%, as it already has in Australia and and France.

Every industry has its day in the sun, but the sun always sets. Of course, Mastercard's demise will not be a moment but rather a slow, inexorable, downward swirl. Major analysts agree. In January, Sandler O'Neill initiated coverage of Mastercard with a lukewarm Hold rating. In February, FBR Capital downgraded Mastercard stock rating, commenting on Mastercard's "lackluster" quarterly results and "negative investor sentiment." In March, Guggenheim axed its price target from $93 to $5.

Mastercard has already acknowledged the end of its traditional reign, investing in ewallet companies directly like Monitise and partnering with ewallet processors like New Media Insights (NMEDD). Most of its initiatives in 2014 relate to mobile payments, although it rarely acknowledges that these initiatives will accompany drastically reduced profit margins. Although it will earn just a fraction of the 0.5% charged by companies like New Media Insights for ewallet transactions, at least something is better than the looming zero on its horizon.

Today, ewallet-to-ewallet processors like New Media Insights charge just 0.5% per transaction versus Mastercard's antiquating 1.7%. Ewallet payments are not credit card transactions and therefore avoid Mastercard's traditional rake. Readers might be familiar with Starbucks (NASDAQ:SBUX) trumpeting its mobile payment app which not coincidentally avoids credit card fees when customers refill their account via ACH.

To explain ewallets briefly, suppose a customer has an ewallet account on a smartphone. This ewallet is filled with, say, $100 from the customer's personal checking account. Suppose a gas station merchant also has an ewallet. Now suppose the customer buys $40 of gas by transferring $40 from ewallet to ewallet. This transaction occurs through a temporary 16-digit Mastercard number that displays on the customer's smartphone and expires after 20 minutes. The cashier types the 16 digits manually into the gas station's traditional credit card terminal. The transaction occurs when the $40 is transferred from the customer's ewallet to the gas station's ewallet, and New Media Insights rakes 0.5% for its service. Although Mastercard does not earn anywhere close to its 1.7%, Mastercard does earn a small percentage of New Media Insights' 0.5% for providing the temporary 16 digit number.

All told, Americans made $2.4 trillion in credit card purchases in 2012, resulting in $41.2 billion in interchange ("swipe") fees. Unfortunately, the growth rate of swipe fees is slowing every year, and its decline is inevitable as ewallet payments become more popular among smartphone users. Beware of growth rate trajectories that plateau and then turn negative. Mastercard's race to the bottom will not be fun for shareholders. Consider instead the exponential growth of mobile payment solutions like ewallets and Mastercard's competitor-partners like New Media Insights.

See: http://www.investing.com/analysis/mastercard's-slow-race-to-the-bottom-209483
11647  Economy / Gambling / Re: Coinroll.it - Dice rolling game | Instant bets | Off-the-chain | 1% House edge on: April 16, 2014, 03:29:39 AM


From my experience it can take longer than 3 months. So this is still possible. John K told he has dead-man's switch in place:





Unless you know the lawyer how can you know this info is right.    Someone who has disappeared said it was all ok and promised there was some backup system in place, sounds great but we would actually need the lawyer details.
Of course the lawyer thing could be a scam also but at least its a further person and trail to follow, seems there is nothing still
11648  Economy / Scam Accusations / Re: Possible Scammer - John K on: April 16, 2014, 03:12:18 AM
Instead of scamming, maybe its the other way round.   Was he in control of a large amount of btc and someone got to him.  
It would kinda explain his brief reappearance to assure the masses.    However I believe people said certain wallets were untouched, that'd not make alot of sense with price falling as well.
My original guess was illness, it may also just be apathy and disregard.  People often drop out of virtual communities just because its not interesting anymore, Mr sat himself of course went.
Its not a scam that adds up is it, unless there some other greater unknown loss?

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Total BTC PER order is 782.1 BTC!

I presume he was not holding that alone.       All this seems very badly setup, was there no dead mans switch, no co signatory ?
11649  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 16, 2014, 02:44:31 AM
The whales have swallowed the wrong fish then.    We just light a fire if I remember the cartoon right :p   

Alright fine i freaked out.

That is not just a small mistake though...that a huge misinterpretation of what is going on...

You are right, they have used the wrong terminology.   But it might explain or relate to many peoples thinking on this.    Its the case for the majority of coins that previously the coins were much more available, so it is off base really.  Blackcoin took this effect to the extreme, premine is like a swear word Shocked
11650  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 16, 2014, 02:39:31 AM
Awesome pic, the whales seem so happy  Grin
    I agree people have similar attitude to blackcoin as they do to doge with its billions and more coins coming or one the ipo coins like panda.   As if they can trigger an avalanche of coin selling by setting up big sells, thing is there is no giant amount of coins available so if you sell then someone has to be a buyer.  I trade normal markets and this resembles more of a normal setup, forex does have massive dilution from QE or whatever but crypto takes that far to a new level and whales selling are correct most of the time, its a slippy slope

  Unlike most coins where theres a constant filler of miners dumping coins.    I just think the dynamics are different and people still get scared, herd dynamics, sheep in a field and so on but the coin itself is different and I dont think its going to 1 sat any more then I think btc would.  If it can be used for useful tasks then its here to stay and price games are secondary.    

How many coins have ceased mining and relate to some kind of stability in its base.  Quark mines but not much, how many others
11651  Bitcoin / Mining speculation / Re: Miners DUMPING their ASICs on: April 16, 2014, 02:22:12 AM
Can anyone explain to me why should the market care about difficulty.    Does it affect the product or is it just a mining problem.     Does BTC get more secure each time the diff rises or is this all like one of those tractor pulls
http://www.youtube.com/watch?v=N8QTprCYgD8
11652  Bitcoin / Mining speculation / Re: If I get free electricity... on: April 16, 2014, 02:12:09 AM
If you are a small miner I dont think btc asic mining is best.   If you dont pay elec then buy a nice gpu and mine scrypt based coins like litecoin, that way you can use it instead of a doorstep asic will be in 12 months (even on free elec)


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i.e. cube erupter or other old avalons

just how cheap are those.   Im doubting they'd be near free I'd want them to be; presuming they are unprofitable with elec bills that seems reasonable but I expect theres a healthy market from people with solar or similar?
11653  Bitcoin / Mining speculation / Re: Is mining contract with Cryptsy worth investing in? on: April 16, 2014, 02:04:33 AM
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Lustig told the group that the upkeep on the Eiffel Tower was so outrageous that the city could not maintain it any longer, and wanted to sell it for scrap

People will buy anything if it sounds good enough.  My only defence is I have so little money they are never interested in selling to me


I wouldnt call cryptsy cheating but greed is no surprise surely.   Theres plenty more asic where that came from and as people have pointed out, the price is really great - for the sellers
11654  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] (WC) | WhiteCoin | Distribution Stage Begins TODAY! ☯ PoS ☯ exchanges ☯ on: April 15, 2014, 02:50:40 PM
How many confirmations are needed for each block found or transaction sent.  Just it seems to take a very long time to confirm ?
11655  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 15, 2014, 02:49:18 AM
So the only way to obtain BC is basically to buy them and help make other people wealthy?


How are you making them wealthy. Anyone can sell at any time also, what is actually happening is fair exchange and you are buying from the holders.   Not the premine or the asic developers or even the miners (and their electric companies) just those who bought, held (used?)  before you; to me that seems fair.


Opinions on pow startup, again it was open and its a ton fairer then pre mine.   Was this coin instamined or is that the effect you think that had?    Possibly it can be criticised for forking and altering terms, but if it was declared from the start anyone with foresight could have done taken part.   In fact we all could just buy the coin cheap on exchanges if we wanted, still can depending on the potential you see
11656  Alternate cryptocurrencies / Announcements (Altcoins) / The price for freedom is eternal vigilance on: April 15, 2014, 02:36:59 AM
Fairly sure they will drone strike you for saying such a thing, I suggest a quick edit.  How dare you impute your crypto god

Did you win that awesome ASRock H81 Pro BTC motherboard?

Wow, thats nice to be in a lotto Smiley

This coin is so much better without premine and all that excessive coin mining dragging down the price, nice that to see a positive appreciation in coin beyond just hype.   I think it has a reason to build up, it could really build up a momentum but we shall see
11657  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★★ MaruCoin ★★★ NEW X13 ALGO ! ★★★ (CPU) MINE NOW ! [KGW+DGW] ★★★ NO IPO/PM ! on: April 15, 2014, 01:43:48 AM
maru.altmine.net p2pool

* Dedicated servers in Europe with 1 Gbit/s connection and DDoS protection.
* US and SG nodes for some coins. Let me know if you want more.
* No user account required.
* Instant payouts when blocks are found.
* Only 1% fee.

X13 cpu miner sourcecode: https://bitbucket.org/dstorm/cpuminer-x13

The pool works. 2 blocks have been found.
I'd sign up, its only a little cpu so a pool is probably best idea,   Is there a way to self compile easily
11658  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 15, 2014, 01:31:44 AM
The pool is just giving you bc instead of btc.   There are a few switching pools and they track difficulty of coins to mine the best value then convert it.  The benefit here is you dont waste time holding other coins

I was asked why blackcoin is so unique, besides pos.     I was going to mention the fast transaction times, but some think this is just a simple mod like litecoin ?     Seems impressive to me but is there any other utility this coin brings that I could say in defence of the realm of bc
11659  Alternate cryptocurrencies / Pools (Altcoins) / bc payout on: April 14, 2014, 06:17:29 PM
Whats the chances Terk will offer to payout in Blackcoin rather then bitcoin.    It clears faster and stakes out further gains plus its going up in value and this would put in competition to their bc pool which has 9 GH
11660  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 14, 2014, 06:01:24 AM
Its always night somewhere and China is such a massive country it probably isnt just them alone though I think they are just starting to come to the end of their working day.

Whatever price does, it has to correlate to utility and advantage over competing products.  The fact theres so few coins comparatively does seem like it'd exaggerate any effects ongoing

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I have decided to make a contest!, For every member the site gets I will add 5 BC to a jackpot that will be split
I signed up however I dont have many coins.  I sold them all, however it was at cryptorush so that was a good thing as it turned out and Ive been saving my pool earnings since.
I wonder if the pool would top out pool charts over a week since a rising rate appears in btc to make earnings higher


Iam surprised mintpal volume is higher then cryptsy
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