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Myriad has some good fundamentals, 5 different POWs, good wallets (web wallet & Electrum version). Only bad thing is that it is currently #217, so far down the list by market cap that it will may be ignored forever.
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May I suggest making a list of every possible password you have ever used or even considered using. Alphabetize it, make space for notes on each one, and keep that paper around. Add notes to it, just keep letting your password list grow like a tree, clean it up. The idea is that your password is somewhere in your memory and eventually you will come up with it again. Even if you never find it, that list might be useful years down the road if BTC ever hits $1M each. Your descendants could even look at it and consider possible alternatives. Computers will get more powerful and variations can be searched using your list of possibilities.
Anyway, just my ruminations, good luck.
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Just be aware that you can buy those TBC coins around here for less than a $1 each. I bought a bunch for about $0.05/each, although nobody had large volumes. I have given away most of them for kicks and giggles. Their true value is certainly no more than a few satoshis each.
The one good thing about these weird cryptocurrencies is that they are teaching 3rd world people how to use them. With Bitcoin tx fees running about $0.50 now, Bitcoin is to expensive to play with anymore.
Admittedly, people would probably be better playing around with a few Dogecoins.
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Probably proof of work using Sha-256, currently producing 500 coins per block. I have no idea who developed it, but it was heavily promoted by one of the original people working with Dr. Ruja from OneCoin. That research is on my computer in Hawaii, I will be here in Kenya for another month. There were 10^9 TBC premined. Probably a maximum of 2*10^9 coins, not sure when the block reward will half.
Removing the rushwallet clone and forcing people to use tbc004.net basically makes it a centralized coin now. I made a copy of the wallet code before they removed it and modified it to work on my website mysticwealthclub.com. That website was a test idea for a different kind of coin (MyCoin) and basically a failure. I will probably delete it when I get back to the USA and when I do, I will move the TBC wallet to one of my other websites for anyone that needs it.
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I have thought about a hard fork of Dogecoin to a new mining schedule. While Dogecoin is fun for playing around with and to about cryptocurrency, nobody wants to invest in a coin that will indefinitely grow by over 5 billion coins each year.
Wolfcoin is dead, so we could coop that name with a new mining schedule that cuts coin production in half every year.
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Worse, the TBC people just turned this basically into a centralized coin by removing the web wallet from their blockchain site. Now they hold the private keys to everyone's TBC coins and said they would even freeze them if they felt you were moving to many. Anyway, I made a copy of the javascript for their wallet, it is a fork of the Rushwallet code. I put a copy of the wallet up here to help keep it decentralized. I had to make some changes to the API calls as some of the old ones disappeared. Here is the current working wallet: http://www.mysticwealthclub.com/TBC/Sometimes it wont work due to tbc001.net doing some update. I think it is downloading the blockchain from some other site on a regular basis. If that happens just wait about 10 minutes and try again.  |
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The TBC people quit supporting the old wallet, but I kept a copy. I had to modify some of API calls to get it working again. The price in the wallet is currently set to $1144.50 per TBC coin as the old API call for the price is broken and I don't know what to replace it with except some set JS code. Anyway, if anyone wants it: http://www.mysticwealthclub.com/TBC/The API uses tbc001.net to check the TBC blockchain and that blockchain seems to go through some refresh cycle that takes it down temporarily fairly often. So if it isn't showing your balance, try waiting 10 minutes and refreshing (probably F5 key on your browser). I might change the API calls to use blockchain.tbc004.net which seems to be more reliable, but I am tired of working on this for now. |
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this scam or not?
It is a real cryptocurrency, but it supposedly uses a fixed price that increases about 3% per day. It is being heavily promoted in Africa and the Philippines. It is basically a weird decentralized ponzi scheme. While I am sure a lot of people will lose a lot of money, it is helping to promote knowledge about cryptocurrency. I find it fascinating. |
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I see 4 main reasons:
1) Some altcoins like Dash have built in privacy features
2) Transaction costs for Bitcoin keep going up, this is already becoming a problem with my dealings in 3rd world countries. Altcoins can have a much higher rate of transactions without fee pressure.
3) Some altcoins like Ethereum are turing complete which means you can actually run some types of programs on their blockchain. I would stay away unless you have some specific use case though.
4) Testing new ideas like Myriad's 5 different POWs.
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I can understand testing out any new technology, but I would still use a new wallet/key combo for sending your main stash. Even though you will wipe your phone, your private key was still potentially exposed to the internet.
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Does TBC get the honor of being the first decentralized ponzi/mlm scheme? Were there any other cryptocurrencies with a fixed growth rate of value, otherwise known as abundance based currencies? I am aware of PayCoin, but that seemed more like a centralized fraud that was based on a cryptocurrency. There are a bunch of other so-called-cryptocurrencies like OneCoin (by Onelife, not the original and dead OneCoin), but these aren't true cryptocurrencies, just ponzi points on a centralized server somewhere.
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Price crashing on high volume, I doubt we will see $2k anytime soon.
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While this huge drop may seem like an opportunity, my gut intuition says we may be seeing some exchanges go belly up. I am keeping all my bitcoins under my own control for a while.
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They just announced the web wallet will be disabled on January 31, 2017 and that everyone needs to move their coins to a centralized site. I just checked the site out. You get a BTC address and the dashboard has a send function, but there is no export or import for private keys. After Jan 31, 2017, they can do an exit by shutting down tbc004.net and everyone's TBC can just disappear.... If they leave any of the block explorers up, like http://tbc001.net:4444 , maybe it will still be possible to use a clone of the wallet. Btw, I am seeing several FB groups openly selling TBC for $1 each now, slightly lower than the official price of $662 US  |
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Shame we can't send BTC and Cryptos to an address in a way that we can only access them at some time in the future.
That way, we can't be tempted to spend them.
I know Bitcoin has a lock_time facility for this, but it's been switched off so as not to bloat the network with maturing
transactions.
How about maturing those investments in another network, whose purpose is solely to mature, time_locked cryptocurrencies.
Such an application could be built in to existing network nodes.
Eg, a BTC or Altcoin Node, could also act as a node for this network.
Transaction speed might not be that important, after all, If I send 1 Cryptocoin to myself to be accessed
in ten years time, do I care if I get it at 9:am or 23:00pm or even if it is a day or two late.
You can still use the OP_CHECKLOCKTIMEVERIFY parameter. https://www.reddit.com/r/Bitcoin/comments/3yoa47/you_can_now_create_op_hodl_address_to_lock_your/ |
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I am trying to learn network marketing and I want to try giving away TheBillionCoin as a gimmick.
I know these are a ponzi coin, with no real buy/sell exchange. There were 500 million on the premine alone.
Anyway, willing to pay a U.S. penny each for a bunch of them or just make me an offer.
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