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1341  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Official Sexcoin Thread - New Client In Testing on: December 11, 2013, 06:12:24 AM
Why do you only offer a 32 bit windows client?

Who the hell uses 32 bit windows anymore???

I can't run this on my computer.  So what am i supposed to do?

You should also release a Windows 3.1 client next...
1342  Alternate cryptocurrencies / Altcoin Discussion / Re: Sexcoin Cryptsy Trading Manipulation or Bug? on: December 11, 2013, 04:34:09 AM
Okay so I went to buy sexcoin.  Somoeone was offering 228,000 of them for like 0.00001 LTC

Either they are insane or they made a huge mistake.  But it sat there and i immediately "grabbed" it.

I dont know if you can "claim" a trade like that though.  

My order was accepted.  and the lag happened, like it does with every transaction.

And with like every transaction, that offer eventually disappeared off the screen.

Now do I leave it and hope that there's just a lag?  And somehow ill be getting 228,000 sexcoins for basically 2 Litecoins?

Or do I give it up and assume its gone?

1343  Alternate cryptocurrencies / Altcoin Discussion / Re: Sexcoin Cryptsy Trading Manipulation or Bug? on: December 11, 2013, 04:24:21 AM
How can we buy right now?

I dont understand whats happening exactly.

You put in an order, even for the most expensive current price, and nothing happens.

Should you leave it there, assuming a "lag" ?

Or should you keep cancelling the order and putting in a new one for the higher price, as it keeps changing?

I cant figure out what reality is ....
1344  Alternate cryptocurrencies / Altcoin Discussion / Re: Sexcoin Cryptsy Trading Manipulation or Bug? on: December 11, 2013, 04:16:35 AM
I have been trying to buy and sell coins the last few hours and all I see is that 0.1 btc has suddenly been wiped off my portfolio
Just saw this too myself.  Had 2.4 BTC, tried to buy LTC with it, the transaction is pending, but my available BTC is 2.3 now....

1345  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Official Sexcoin Thread - New Client In Testing on: December 11, 2013, 03:59:40 AM
wtf ...

1346  Alternate cryptocurrencies / Altcoin Discussion / Re: Sexcoin Cryptsy Trading Manipulation or Bug? on: December 11, 2013, 03:57:37 AM
they should take the sexcoins they were paid and pay someone to get into their API and plug its holes
Sexcoin innuendo all over that one!!!   Naughty!
1347  Alternate cryptocurrencies / Altcoin Discussion / Re: Sexcoin Cryptsy Trading Manipulation or Bug? on: December 11, 2013, 03:55:20 AM
Can someone text his cell phone and notify him that his livelihood has ground to a halt?

I do see that I have two pending withdrawals that have just been sitting there pending for 3 hours.

Its always gone quick in the past.


I did however successfully purchase some PrimeCoin 1-2 hours ago with zero problems.
1348  Alternate cryptocurrencies / Altcoin Discussion / Re: The price of Sexcoin on: December 11, 2013, 03:50:06 AM
See this thread:

https://bitcointalk.org/index.php?topic=366621.0

1349  Alternate cryptocurrencies / Altcoin Discussion / Sexcoin Cryptsy Trading Manipulation or Bug? on: December 11, 2013, 03:44:25 AM
http://www.heavy.com/tech/2013/12/what-is-sexcoin-price-cryptsy/

CoinMarketCap.com is Reporting That SexCoin's Capitalization is Up 951% Today to $0.18 a Coin,

But This Is Unlikely

CoinMarketCap.com is a convenient source of information about over 40 cryptocurrencies and their current market price. Unfortunately, the sites pulls API data indiscriminately, leading people to make false conclusions — which is exactly what's happening. Clicking the price on CoinMarketCap reveals that Sexcoin (SXC) is only traded at one exchange, Cryptsy.com. Screen-shot-2013-12-10-at-6.36.41-PM

However, going to Cryptsy reveals a grave problem:



Cryptsy is not known for its reliably. This writer can confirm incidents where coins disappeared inexplicably, and like above , where buy orders would not properly execute. Cryptsy is not know for its reliability.

Because of the problems, it is extremely likely that Sexcoin's value is not nearly as high as CryptoMarketCap is reporting, which is no fault of the website nor Sexcoin. Rather, the problem is Cryptsy. For lack of a better term, Cryptsy is extremely janky. Based on the original Sexcoin announcement, Cryptsy was paid some 500,000 SXC for hosting the coin in their exchange, and they are the only ones to do so at present.

Read more at: http://www.heavy.com/tech/2013/12/what-is-sexcoin-price-cryptsy/
1350  Economy / Speculation / Re: Which poster on this speculation board has been most consistently WRONG? on: December 11, 2013, 01:37:01 AM
"revans"
1351  Economy / Speculation / Re: Okay, this has to be the top of the bounce. on: December 11, 2013, 01:33:14 AM
I have to agree.

I can't fathom (outside of everyones super cool hip trendy "dead cat bounce" nonsense) why Bitcoin would crash again.

Bitcoin only crashes when bad news comes.  Without that, it continues to expand and grow.

What are you basing the prediction of another crash on, aside from this weird "3 dead cat bounce" nonsense?

The price will continue to creep up (this is not a "rally") in a healthy manner.  Maybe pleateau.   Then creep up more.

Love,

BittBurger
1352  Economy / Speculation / Re: Let us take a moment to laught at the BTC day traders. on: December 11, 2013, 01:30:27 AM
Agreed.   Stop trying to play the system with your weird charts, super cool phrases, hip and trendy prediction skills ...

In the end, the only winners will be those who bought and held long term.

I have yet to hear from a single person who tried playing the system and has come out on top.

Though im sure some exist.
1353  Economy / Economics / 927 People Own Half of All Bitcions on: December 11, 2013, 01:28:28 AM
And we wonder why there is volatility?

http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12

There is some legitimacy to the claim that once there are more coins floating around, the fluctuations won't be so intense.

But when you've got 50% of the coins in existence being hoarded and played with by only 900 people .... you're going to get volatility. 

That's why Bitcion is so "volatile" (to all you "journalists" out there) ... its not because Bitcoin sucks. 

Its a little depressing knowing that coin production has slowed down so much as time progresses, and will continue to slow down.
 
Somehow don't we need to get those 927 people to break open the pinata and get this currency flowing?

-BittBurger-
1354  Alternate cryptocurrencies / Altcoin Discussion / True Market Value of Alt Coins on: December 10, 2013, 06:13:58 PM
So everyone knows the "Market Cap" page for alt coins.
http://coinmarketcap.com/

But I realized this information is utterly useless.

If 1 million coins are pre-mined, of a brand new coin, and only 1 purchase of 1 coin for $1.00 is made ...
That $1 value goes on all the pre-mined coins.
And suddenly a brand new coin, with zero trading volume, is valued with a market cap of $1,000,000.
Even if it only has a whopping $1 of actual money flowing through it.

Is there a website out there which shows actual amount of US Dollars (or bitcoins) flowing through each alt coin?
And the trading volume, purchases, etc?
That would be significantly more telling as to the value and success and interest (from the public) of each coin.
1355  Economy / Service Discussion / Re: Coinbase instant buy disabled/removed on: December 10, 2013, 08:26:29 AM
What they did was remove the text from the right side of the screen.

Once you begin a purchase, it tells you that you still get them instantly.

But one slight caveat - it made me wait a full 60 minutes before that "instant" BTC would leave their system when I sent it to another address.

It said the send was "Pending" for a little over an hour.   

But yes, they were immediately available.  I noticed the text was missing.
1356  Economy / Service Discussion / Bitstamp > Ripple > No option to Sell? on: December 10, 2013, 08:24:42 AM
You can only buy Ripple on Bistamp?

What's the point of the price there, then?   Who is doing the selling, if they only allow buying?

1357  Economy / Service Discussion / What happens to Verification documents on Exchanges? on: December 10, 2013, 08:15:18 AM
I made the stupid mistake of scanning in my brand new US Passport, in full color, high resolution because Bitstamp says thats all they will accept (i didnt have my drivers license on me at the time).

Then realized after the fact that you should *never* let your passport out of your sight, let alone upload it to some website on another continent.

Identity theft anyone?

Ever wonder how Jason Bourne had 15 passports in his safety deposit box? 

What happens to our sensitive personal docs after verification ?  Does bitstamp at least state they will discard of it?  I couldn't find anything on the matter.

1358  Economy / Speculation / Re: I had ANOTHER dream on: December 09, 2013, 02:53:51 AM
$830.... at this moment.   
1359  Bitcoin / Bitcoin Discussion / Re: How many tulips would you sell a bitcoin for? on: December 09, 2013, 02:26:19 AM
Excellent effort, but ... I think the network is worth a tiny bit, like waaaaaay more. IMO.

Good point.  I edited out the dollar amount and added some more appropriate phrasing.

Thanks.
1360  Bitcoin / Bitcoin Discussion / Re: How many tulips would you sell a bitcoin for? on: December 09, 2013, 01:51:36 AM
They use this analogy because :

1) The dumb ones are just parrots, and have heard others say it.

2) The slightly smarter ones understand the analogy, but label Bitcoin itself as "worthless".  Which is obviously nonsense.  They are either uneducated on its purpose, or don't care.

3)  Then there's the proper use of the analogy.  Tulip mania is supposed to be when something is overpriced as far as its true current value.  Used this way, the Tulip analogy could be correct.  For example, Bitcoin is still very new.  Does it have the infrastructure, the commerce (as a currency), and the level of adoption necessary to value it at $1000 yet?  Probably not.  

---------

Its current *actual* value, based upon its current adoption, current financial benefit to mankind, use as a currency, and infrastructure may justify a much lower trade price.  It's still new.  Andreas Antanopoulous has commented that Bitcoin could drop to $20 tomorrow, and it wouldn't surprise him one bit.  And such a thing shouldn't worry anyone either.  Its trading price does not currently reflect its level of adoption. The infrastructure is still very new.  But it *is* being built.  So the Tulip analogy, applied properly to Bitcoin, would simply say that Bitcoin hasn't brought "$1000 worth of value per coin to humanity just yet".  But here's the important caveat:  There isn't anything necessarily wrong with a speculative *current* overvaluation if the technology is this ground breaking.

People who truly understand this innovation are making bets on its future adoption, usefulness, and benefit to mankind.  Yes ---- that is speculation.   But "experts" say that speculation itself is somehow inherently a bad sign.  This is incorrect thinking.  People are buying in to Bitcoin, and are willing to pay a price that they feel justifies its potential. If you want to nitpick, the trade price is actually far undervalued for its potential.  The power of this innovation is staggering.  6 Billion possible "customers"....

How to get away from the Tulip reference?  Get the infrastructure built.  Get the startups going.  Get the creative thinking going.  Get new businesses to begin building on top of the protocol, and provide necessary products and services around the technology (like Gyft, and Robocoin, and Mastercoin).  Get the adoption up.  Get merchants to start adopting en masse.  It has already begun.  And this is why Bitcoin will not go to $0.00.   It now has tangible value in society.

Is it truly worth $1,000 per coin right now?  Probably not. Is it worth $25, $50, $250?  Maybe.  With 12,000 BitPay Merchants. $100k in transactions in the 1st week on the 1st Bitcoin ATM.  A $100,000 Tesla car purchase.  Trips into Space. Shopify enabling it for thousands more merchants. Subway shops in LA.  Police Chief Salary paid in Bitcoin. Towns in Europe with numerous brick and mortar businesses accepting it. People using it instead of Western Union to send money home. The volume of cash that has been pumped into the trading market.  The value of the Blockchain itself ....  It may take 2-5 years for the infrastructure to justify a $1000 valuation.   It may only be 1 year.  We could scream right past a justified $1000 price tag in very little time.  It all depends how quickly the infrastructure is built, and the commerce starts flowing.

-Burger-
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