yeah just like the IBM compatible computer.  people cloned the shit out of IBM's PC.  IBM totally went bankrupt.  Wish they were still around to see the PC glory days.

oh and Apple.  Look what happened to them.  Freakin Android stole their design and just made a crappy copy of the iPhone.  Apple must be worthless now.

i use him for ftc as well and used to use his cnc.  I had no problems and it was a very reliable connection.  low stales and rejects. 

The hash coin

BCXXrbxcFcNJxe9r5nMmiahbZqtTzMCDBB thanks

it would be due to the bitcoiners going galt.  they all quit from mass frustration.  but even if it crashed and people stopped mining, all it would take is a couple weeks for difficult to collapse before people started mining again.  that is the beauty of it.    any crash is short term.

+1

sure sell you will just be hurting every other bitcoiner who has the same sensibilities you have.  Why are you so angry?

its not a scam, he reported he is shutting the server down for several days.  also payouts take a while to validate.

Excellent transaction with WeTradeCoins,  would consider him a very reputable trader.

The coins are being created at such a fast rate that we need a sub forum 

1000CNC for 25LTC

Will your address be the mark of the beast?

Well said.  The market is smaller that these people realize.  I believe it is a fraction of its true potential.  I don't thing we are near the brownout stage.  Not enough people in the masses know about it yet.  People I work with are more put off by it at this stage.  After all it is only 3+ years old.  Its when the disinterested masses jump in is when it really starts producing brown outs.  How many companies produce hardware that can mine?  When they number in the tens of dozens is when I'll worry about a real bubble.

You are right its just a bunch of speculators but mostly ideologists.  The Teslas of the era.  Its still the age of innovation in cryptocurrencies and we have some time before the real competition begins.

I think it might be more than that.  Since this is digital its more than just location based.  Ideas like 4chan, lolcats, facebook transend physical locations.  There are location based ideas and concepts like miko miko that do not catch on everywhere.  Some people have ideologies that do not jive with others and they will not put money toward it.  I think cryptos are the future but not in their current state.  I think that idea based coins are the next great wave of cryptos, especially when they are connected to folding projects, that benefit society.

This is all moving forward towards the new future where we invest in ideas and concepts to move them forward into the public space and where financial reward comes from investing in ideas in more abstract ways like digital currency.  We already do it physically with lobbying politicians to get an agenda to move forward.  

What if a coin could be spawned to move an idea forward.  A lower taxes coin where 2% of the node fees goes to lobbying a politician to change his vote.  It means people could compete against the corporations.  Or a coin that cures breast cancer?  Dilutive to the market yes because right now the market is small but in the coming years the market will be massive.  A few billion will pale in comparison the the hundreds of trillions it can be in the coming decades.

Are you saying that one of the companies that are operating in the cryptocurrency market are real.  We'll that is good then mtGox doesn't have to be worried about that lawsuit since they are imaginary.  

yes the companies are real but the value we place on their shares (coins) is arbitrary.  We make up those numbers based on a number of metric we feel are important.  How is that any different here?

New companies DO dilute the value of other companies IN the MARKET.  If I create a new company and start mining gold well that is gold that the other companies cannot mine.  That means they have less opportunity because I've prevented from capturing it in this mine.  As a result my value goes up against theirs.  They potential value goes down.  If there was a single company mining all gold then they would have all the value and their shares would be worth the same as the total market cap of the industry.

Bitcoiners are upset because the total market value of the cryptocurrency market is not growing as fast as the number of currencies are as a result Bitcoin value is distributed to other currencies.  Eventually they will all reach parity but not without some massive price swings.  This is all healthy market action in a free market system.  Its just that some early adopters were not smart enough to anticipate it.

And there is a quote about never staying married to a stock.  I think it holds true here.  Never marry a coin.

how many stocks are int he stock market?  How many can you choose from?  How is it that all those stock shares (coins) ca all exist at the same time with different and often such high values and be sustainable?

Because humans choose it to be that way.

That is like saying adding another stock to the stock market will dilute the ones already there and ruin the credibility of the others. For every Worldcom and Enron there are other stocks that have more trusted and have true value.  Maybe what we need is a market of sound analysts that can weed out the fly by nights from the more legitimate coins.  But for that you need to have a more mature market. 

Welcome to the days of the bucket shops!  If you ever get a chance to read Reminiscence of a Stock Market Operator please do so.  You will perfectly understand what is going on right now in the cryptocurrency market. 

think of bitcoins like a river.  When the water is flowing it feeds all the plants on it's banks.  But the out regions of land are dry and not fertile.  Think of mtGox, Coinlab and other exchanges as irrigation systems.  Thy help the water flow to places where it normally down not.  The more irrigation you have the more land the water can make fertile.  When there is a risk of an irrigation system being damaged or being removed all the crops in that area will die.  That hurts the livelihood of the farmers there.  It also hurts the trust that the irrigation system builders can keep the water flowing or in being able to repair.

In the end it just spooked traders and investors.  In reality its a short term drop as it provides an opportunity for other exchanges to appear and take market share if Gox disappears.  I'm not saying they will, I doubt it will happen, but there is a risk of it.

FTC is currently $0.506813/USD  this is a bad offer

I blame the ASICS for this..    GPU farms that were mining bitcoins were put out of work so they moved over to the alt coins.  It is a recipe for disaster.  Any new coin that comes out will ramp up difficulty so fast that CPUs don't have a chance.  Good against botnets I guess.  But your average joe now has a harder time getting into CPU/GPU mining.  

Like like real mining.  Who sees an old school miner with a donkey and a pick axe anymore.  No instead a corporation comes in and literally grinds the top off a mountain sifts out the metals and poors the gravel back like that was how it alway was, then on to the next hill.