Step 1: Invest a significant sum of money into this new get-rich-quick scheme called Bitcoin.
Step 2: Nag every single store/vendor to begin accepting BTC in hopes that the value will increase (aka "the pump") so you can get rich while sitting on your fat ass despite the fact that Bitcoin is clearly not ready to be adopted on a massive scale. Most vendors will even spend money setting up and integrating Bitcoin with only few getting sales in Bitcoin since it's small minority.
Step 3: Do all of the above alongside thousands of fellow dumbasses.
Step 4: Act like an instinctive dumbass without ever thinking independently and sell/buy alongside fellow sheep at the first rumours of the least meaningful "news" (aka theymos had a fart? SELL SELL SELL SELL).
Step 5: Create a toxic environment for real businessmen with the price dropping 10% within 24 hours. Most people that accept BTC now sell it instantly to USD via Bitpay.
Who wouldn't actually prefer 10$ BTC with a steady 5% yearly growth to stay right above inflation? Stop being greedy assholes. Poor people will never understand that the world is analogues to the Bitcoin protocol in the sense that you make a lot more money working with it than against it, the early adopters made so much money (which they rightfully deserve and their earnings are proportional to their overall contribution) because they were the ones taking all the risks, you contribute nothing and thus you deserve nothing, it takes absolutely no innovation to invest into BTC at this point, you will lose your house, your car and more than likely (being with a low financial intelligence to begin with) your last pennies, which yet again, will be proportional to what you deserve.
There are no "shortcuts" in life.
It truly depends. At this moment, investing your money in altcoins is actually better than Bitcoin itself. However, I know I'll be ruining some whales plans here...But now is actually the best time to buy bitcoin/altcoins. Paypal will be integrating Bitcoin into their system within the next coming months...Honestly anyone telling others Not to buy bitcoin/altcoins now, is doing that to get in at very cheap prices. |
|
|
|
I agree with rptiella on forum.monero.cc, in the sense that it would be best to cut the emission. But, if that is to happen, there would need to be more news or a barrage of news regarding future implementations(Revolving around Privacy, Security, Simplicity) to offset the initial negative reaction the emission cut would gather.
[...]
Total thoughts:
If emission is going to be cut, the negative reaction that would occur at first(Looks at miners) must be offset by more news about developments in important areas(Privacy, Security, Simplicity) to solidify Monero as the ruler of the Anonymity niche. [...]
The damage isn't short term, but long term (more precisely, forever term). Thus to me this "barrage" is completely irrelevant. If emission is not going to be cut, there would need to be even more news about future developments(than if it were cut) to keep investors interested even when facing relatively high emission.
^This. It's not that the emission is too high in absolute. It's just too high with respect to the demand. It's a balance, and why the hell nobody seem to consider pushing the other side rather than pulling the emission one? Let's say the GUI+DB is ready around christmas, can't we focus on making plans to push the other side? *That* is more ambitious, that is more monero as we expect it to be, and to be seen. Focusing on the emission is a short-sighted way to look at a solution to maybe leave, but leave small, like all the others alts, not something that makes you dream. Monero is by itself a unique story telling until now, and you will destroy that to make it just a okish one. Just having this discussion is harmful. I'm personally convinced it has a high impact on the price since it has started. If you have free time then help development and spreading, instead of wondering endlessly the pro/cons of changing something that by design should not be changed. 1) You're right, I was thinking shortterm(and how people, especially miners would be upset by an emission cut), instead of longterm and instamine allegations etc. 2) Basically demand needs to be increased if the emission is to stay the same. Marketing, Developments, and etc come into play here. |
|
|
|
..discussion about emission at monero forum concerns me little bit, any speculations how this would affect price in one or the other way?
Is the discussion itself concerning you, or the topic of the discussion? its topic of the discussion but maybe it was also the part where the change of mining reward is recomended. i know its extra overreacted written so the arguments are clear on both sides(at least i hope so), but still it shoked me a little. maybe it was just reality that hit me, inflation is killing us...change emission or bust? i dont like both scenarios. my feelings are mix of everything  About emission, I agree with rptiella on forum.monero.cc, in the sense that it would be best to cut the emission. But, if that is to happen, there would need to be more news or a barrage of news regarding future implementations(Revolving around Privacy, Security, Simplicity) to offset the initial negative reaction the emission cut would gather. I myself don't believe that emission is that important later on, it mostly comes down to demand. Total thoughts: If emission is going to be cut, the negative reaction that would occur at first(Looks at miners) must be offset by more news about developments in important areas(Privacy, Security, Simplicity) to solidify Monero as the ruler of the Anonymity niche. Marketing etc also plays a great deal here. Or maybe even as user, BanditryAndLoot proposed, temporarily cut the emission for on and off periods of time. If it is not going to be cut, there would need to be a hell of a lot more news about future developments(than if it were cut) to keep investors interested even when facing relatively high emission until it slows down. "Will Monero reach 'crypto mainstream' before a considerable amount of XMR is mined?" If the answer is NO, then MAYBE an emission change is sensible. - This quote from the user dnaelor makes sense. Monero and BTC would similar in 4 years(monero being 90% mined, btc being 80% mined). Not cutting the emission rate would only work if Monero can gain enough exposure to be accepted as payment for websites, darknet markets, all that etc. |
|
|
|
wow i go away for a few hours and so much has happened,lol so much to read. firstly im glad evan pulled the plug on this :-) , i actually read the conversation dan was having yesterday and i bought more drk earlier today because i knew something was gonna happen. I then come back after a few hours and see everything has been revealed and emotions were running high, every comment was worth reading. by the time i got round to expressing myself evan had done the right thing and pulled out. Now some say its for dev power ,some say its for tech features either way drk should never change its rules for any coin. If devs are required set up bounties, or create dev fund nodes (we all chip in and buy a few mn all rewards goto devs but cannot sell the mn). As for the tech features drk has proven itself to be the number 1 advanced crypto currency with one of the best dev teams around, we have achieved so much and there is still so much more coming soon and even more will happen later. btw Im working on a major project and once finished ( very soon ) i will begin working on my decentralised drk exchange idea. :-) heres the private ::)convo of dan https://gist.githubusercontent.com/atcsecure/cf6a478ef3169cefdc6d/raw/d8fb08d69379806dbfd991004cd3d9373f9125f0/gistfile1.txt Thanks for that man! [10/9/2014 12:55:28 PM] .: Arlyn, PR wise this is a great opportunity for XC. We would leak all of DRK's contacts to SDC [10/9/2014 12:55:38 PM] nick: Hey [10/9/2014 12:55:49 PM] nick: Nice to meet you all. [10/9/2014 12:55:50 PM] .: then announce that we feel that XC has better fundamentals and a greater chance to "disrupt" [10/9/2014 12:56:18 PM] Arlyn Culwick: . - yes, that sounds nice  Holy shit those guys EDIT: also: [10/9/2014 1:12:59 PM] .: I think DRK's proposal outlines a good theory: https://www.zerobin.net/?bc95f647985aa947#LnIf8zydh/3zq2iVO5fKamoczdBj2vPpQDvdxVte21g=[10/9/2014 1:13:18 PM] Arlyn Culwick: Yeah. [10/9/2014 1:13:23 PM] .: Is it possible to freeze the blockchain? [10/9/2014 1:13:29 PM] .: Like it says in that DRK proposal? [10/9/2014 1:13:40 PM] Arlyn Culwick: I don't think so. [10/9/2014 1:14:03 PM] .: Ryno, maybe ask Evan his thoughts on it (as if are interested in the merger with DRK) and let's hear his thoughts  Fuck those cunts. maybe they're talented, but they're corrupted. And you are pointing at more reasons why SDC never joined XC' BlockNet idea. No, SDC was threatened by the whales who control it to not join Blocknet. SDC has to be one of the least reputable coins out there. |
|
|
|
i also created a topic saying i was retiring here & from this scene and they removed it..
and yes i do consider that a general altcoin related topic.
they removed it to be a dick..
Did you ever consider the possibility you might just be a huge cunt? and that breaks the rules how ? Yea Spoetnik. No One Gives a Flying Fuck what you do or say. Just leave. |
|
|
|
Okay that makes sense, so basically take market cap with a grain of salt, eh?
Considering how its worse distributed than Bitcoin, yep http://www.litecoinrichlist.com/Wow, I never knew the top 3 addresses hold 25% of the LTC mined so far. And this has nothing to do with any exchanges holding reserves. I promise. It actually doesnt. Litecoin was heavily, heavily instamined in the beginning, and those instaminers didnt sell their coins. |
|
|
|
|
You guys must have bad luck...I've never ever had a problem using Cryptsy, and I've withdrawn about 10 or so different kinds of altcoins.
|
|
|
|
CAPS LOCK OR NOT THIS IS WORTH FIGHTING FOR...
WHY DOTH U THINK SATOSHI NAKAMOTO IS IN HIDING??? BECAUSE THE GOVERNMENT WILL HATH HIM ARRESTED FOR TERRORISM JUST LIKE THEY SHUT DOWN NAPSTER AND E-GOLD
THE GOVERNMENT
AND NOW THEY KNOW THEY CANT DO MUCH ABOUT IT RIGHT NOW THEY ARE PLAYING "BE MY FRIEND"
WE MOST NOT FORGET SATOSHI NAKAMOTO AND THE REASONS BEHIND IS CREATION FOR THE PEE POLE
SATOSHI NAKAMOTO MUST NOT BE FORGOTTON I RESPECT HIS PRIVACY AND WHAT HE HAS DONE FOR THE WORLD HE IS THE REAL HERO HERE...
Roflmao. OP is trolling everyone so hard. Really, "Doth", "Hath". Lmfao. Keep this thread for the archives, Pure Gold. |
|
|
|
So Dan does not want to answer a simple question whether he actually is the developer that writes the code for XC.
And considering all the evasion to similar questions earlier there's only one conclusion - the answer is no.
You're not one of the smart trolls are you...That question has to be the stupidest question you could possibly ask. Weren't you supplied with the "Trolling 101 for Dummies" handbook?.. |
|
|
|
I knew I left a cop-out there. You're quite good at finding them. Let me rephrase.
If we assume being "the dev" of an alt-coin means being someone who writes most of the custom code after the codebase has been forked from another coin -
1) Are you "the dev" of XC?
2) Did any of the people who have contributed to XC codebase write any of HAL's code?
Sorry to repeat again, but did you choose to not answer or did you miss it? To be honest, I've seen some fair questions. But yours seem pretty obvious and just look like stupid trolling....After looking at your post history you support DRK, so I'd like to also ask some q's. 1) Did Eduffield instamine DRK and keep all the instamined coins? (Yes he did, this is a comparison of how your 1st question already answered itself) 2) Did any of the earlier darkcoin instaminers sell their coins? (No they havent after taking a look at the richlist, so again this question answers itself with a No) |
|
|
|
http://www.wired.com/2014/11/darkcoin-and-online-drug-dealers/Over the last month, two of the dark web markets selling an anonymous, mail-order catalog of narcotics and other contraband have begun supporting darkcoin transactions. On a site called Nucleus, visitors can now use darkcoin to buy LSD, MDMA, and marijuana. On the competing market Diabolus, dealers accept it for cocaine, synthetic stimulants like ethylone and alpha-PVP, and even counterfeit Euros. Those two markets still represent only a tiny fraction of the growing dark web drug economy—most of which uses bitcoin exclusively.
We cannot wait too long before going full steam on marketing. indeed. I'm waiting for webwallet/GUI to start actively advertising on the darknet though... it just doesn't make sense to do it now. Agree, let's wait for a stable webwallet/GUI. Be patient everyone, I feel that it's gonna get really big. Darkcoin bring nothing new to anonymity, it is just Bitcoin with a paying coin-mixer and constant press spamming. Do not fall for it. The danger is not that the average Joe on the bitcointalk forum falls for it, but that the black market websites operators do. It's not always the superior technology that succeeds. Network effect is a bitch when it's against you. Monero can still easily win favor on the Darknet markets but time is limited(probably within the next 6 months to a slightly more than a year). Darkcoin's only been accepted at a market that was specifically made to accept DRK(probably made by a drk holder/supporter etc). I'm hoping the GUI would propel Monero to become accepted at the majority of the darknet markets(the ones that are already very popular and used like that agora one; No feds, I have never gone on the darknet markets, this all comes from simple research  ). |
|
|
|
Well then we should not talk about coins which where mined by 10% in just one day, how do you explain the fairness in that ? Its always the same cat and mouse game those people that don't have mining gear to compete cant get to the same level as the master miner are.
This is why people like IPO's. Not everyone in here is a miner.
If you want anythink starting as fair as possible a IPO would be best in interest for the investors " IF " the dev is legit of course and the project would go one for years.
Good point. Not everyone Most people are not miners, so their only way of getting coins from a cryptocurrency is through an IPO or buying on an exchange. An IPO is the equivalent of mining a coin in the beginning/early days, which as shown in coins like NXT(where 1 btc worth of in the IPO would be a few million now...), can be very rewarding. Of course that depends on if you're very lucky, but that's the whole reason why IPO's exist in the crypto industry. |
|
|
|
|
I've got to say. This whole nonsense thing going on, is pretty fucking stupid. After going through the facts, the only thing that's been accused against Dan was him being apart of a pump group, which was denied by both the pump group and him. So exactly WHAT are the trolls FUDDING for? Bitcointalk is turning into the new Batman's Asylum.
|
|
|
|
First time i know bitcoin, I do not care about altcoin, which i only pursue bitcoin, but as time goes by, I became interested and started looking for altcoin and of course, to exchange into bitcoin  so I think altcoin not kill bitcoin but only innovation development of cryptocurrency, just my opinion  One of the Altcoins might become BTC 2.0 That's possible, but people seem to forget that the Bitcoin protocol can incoporate every function ever made up by other altcoins, and I do mean EVERYTHING. So alts are just trial and errors or succeses, to which it can en can't be incoporated in the Bitcoin protocol. You're entirely wrong and know so little about altcoins. The Bitcoin protocol Can NOT incorporate every function an altcoin has. Altcoin that do Not use Bitcoins code, and/or greatly modified Bitcoin's source code cannot have their features copied into Bitcoin. This includes all Cryptonote coins which don't use Bitcoin's source code at all (Monero etc), and all the others that don't use Bitcoin's source code(NXT etc) |
|
|
|
Can you clarify how did you get this and if you got more? https://i.imgur.com/EEc9xf2.pngThe same things that you said at the beggining regarding the Skype jpgs can be applied for this one also. Just doing the advocate of the devil here. If they are legit and you got more publish all of them. No I can NOT confirm it is legit. << anything can be photoshopped >> I'm not going to waste any more time or energy on any this crap, I've got work to do. Cool. just smash the tech in our face. Those imgur pics say, " SDC to the moon", "Dan is prob crying". What the fuck is shadowcoin and what do they have against XC...., I've never even heard of that SDC crap. This is so stupid, people on this forum are such a waste. |
|
|
|
Nice write up OP. Btw Spoetnik, you're wrong most of the time. I am always rightwrong, come to terms with it  |
|
|
|
Altcoins are just forks of Bitcoin source code.
Bitcoin can merge the improvements from Altcoins if there are some superior mechanisms.
That's how open source works.
Not true. While most altcoins are just forks of Bitcoin, there are some that do not use Bitcoin's code and cannot have their features just implemented into Bitcoin. |
|
|
|
Also blocknet's assets and funds will be held in escrow and released as development progress's. Blocknet is not a scam, but a legitimate project and proof of concept code will be available shortly.
Can someone comment on why the exchanges plan on releasing it as soon as the blocknet PoS wallet is ready in 7 to 10 days post pre-sale? Is there a different escrow besides the exchange being used to track the progress of blocknet & release accordingly? i was wondering the same thing.. they pull in almost a million bucks by the end of this who did they get to be the trusted escow ? when you pull an ITO "investment" that hauls in close to a million dollars yeah.. they will go into over time trying to prop it up ! i seen it for yrs around here with dummy services tacked onto clone coins etc.. a classic method of legitimizing the scheme. What he did here is not worth 900k ! nor is any other future possible aspect of all this either. Spoetnik, Stfu already. Your beloved jackpotcoin isn't worth 1 satoshi. Get lost. |
|
|
|
So first it was the mining pools killing bitcoin, then it was altcoins killing bitcoin, then it was the bitcoin foundation killing bitcoin, then it was regulation from governments killing bitcoin, then it was exchanges killing bitcoin, now its ICO's killing bitcoin....What's next, your dog ate my bitcoin private keys so he's killing bitcoin too?
Try focusing your thoughts better, Big Corporations that accept bitcoin, sell it for fiat immediately, such as Newegg, Overstock(they still keep a few % of their bitcoin sales in bitcoin however), Dell, etc etc. They are what causes the Bitcoin price to become stagnant(good thing), or decrease from the sell pressure(bad thing), not ico's.
You had it on the first paragraph then said the same thing he did on the second. The responsibility of integration of bitcoin to economic ecosystem and current structures lies with you, not them. It is the lack of right approach which is the issue. No the second paragraph was me telling him how his belief that Bitcoin's downward price is coming from ICO's, which is not true, and it's better for him to think that it's coming from Companies accepting bitcoin and immediately selling it for fiat, which is 100% true. The day when corporations accept bitcoin and keep a decent enough % in bitcoin, without exchanging to fiat, is the day Bitcoin becomes mainstream. |
|
|
|
|
So first it was the mining pools killing bitcoin, then it was altcoins killing bitcoin, then it was the bitcoin foundation killing bitcoin, then it was regulation from governments killing bitcoin, then it was exchanges killing bitcoin, now its ICO's killing bitcoin....What's next, your dog ate my bitcoin private keys so he's killing bitcoin too?
Try focusing your thoughts better, Big Corporations that accept bitcoin, sell it for fiat immediately, such as Newegg, Overstock(they still keep a few % of their bitcoin sales in bitcoin however), Dell, etc etc. They are what causes the Bitcoin price to become stagnant(good thing), or decrease from the sell pressure(bad thing), not ico's.
|
|
|
|
|
Show Posts
