I will admit.  I watched the entire video the first time, but could only make it through about 10 seconds of the actual commercial.  So the music added something to it.

Or it was my entire time trying to figure out what the heck this video had to do with Marine coins.

Although the look in that guys eyes when he goes to her room in the middle of the night made me think it was going to turn into a rape video.  LMAO.

Well you should have pointed that out when you posted it.  

Oh, LMAO. 

At first I was going to say, holy crap, big production video for your coin.  Was going to give you an A for marketing effort.  Although I didn't know what it had to do with Marinecoin at all.  But now that I see it's a plagiarized video it still makes no sense what it has to do with Marinecoin, but for effort, I give it a D minus.

Here's Vircurex in a nutshell

http://gigaom.com/2014/03/24/bitcoin-exchange-vircurex-freezes-withdrawals-hoping-for-fresh-influx-of-customers/

I think the proper title for people who get coins created for them should not be Dev's, as that implies they developed something.  They should be named Founders.  As far as I know Frictionless has been the only Dev for Ixcoin, as before that any work done was paid to random contractors via bonuses.

Wow that was faster than I expected.  I was totally expecting Baritus to open up the same can of worms he did about 6 months ago when he told people to go ahead and "try" to take DGC down.  That is if it's all true.

Wonder what coin is next on the clean up or die list.

Exactly how much hashing power do you have???  Lol, I'm glad I'm not on your bad side.

And the bad/good thing is of anyone I have a feeling you know how to truly wreck a coin.   BTW do you have any Titan's ordered?  Or happen to have a prototype?

All the work behind it is why usually only the coins with a large customer base and with alot of transactions are considered, as it would hardly be a business case to do all that for Ixcoin in it's current form.

Worldcoin almost did it with selling shares in the company.  They created a company called Sharmbeck Financial.  They had hundreds of thousands of dollars invested.  Almost had everything finalized, and the software was passing it's beta testing.

Then the founder did the stupidest thing possible.  

Not sure if he thought it was "His" money he was spending, but he offered a sweepstakes where he took 500 BTC from the invested money and offered it up to be drawn for on the opening day of Sharmbeck Financial with a sweepstakes ticket for each person that invested in the company.  This created so much anger, as the shareholders knew it would be a long time before they would be getting a return on their investment, so they revolted, got as much money as they could back from the company and essentially collapsed it at a loss.    

So with the proper business idea, and proper business sense.  You could go about creating a company like this yourself.  Just don't fail as badly as Sharmbeck, as it pretty much took the coin along with it in the implosion.


Probably with the small customer base Ixcoin has, it would be a better idea to open this business for multiple coins.  Vlad has experience working in the banking system I beleive.  Maybe he would have more of an idea as to what all needs to be done to open this type of business in the US.

Well considering your talking about opening in the US, I really can't help you there.  Although I do know you need to be registered first and foremost at FINCEN.  You have to open your bank accounts up to have everything written up and in the open that you are creating a company that is in the currency exchange market. 

Then I am pretty sure you have to create a database, and have all your customers send you personal information such as Drivers License, Photo ID, proof of address, ect ect.  And fill out a crap load of Gov't forms, and realize they will be watching your every move, to ensure you are not allowing people to launder money through your business. 

There is more then likely ALOT more than that.  You are in all senses opening a full fledged Currency Exchange business.  If you don't take all the steps you can be pretty much assured you will have a gov't agent knocking on your door closing you down and taking you down hard.  I believe the US is the hardest of all countries to open a currency exchange, aside from maybe China right now.

Maybe e-mail BigVern at Cryptsy, and ask him, as he has been working at this for the past year or so.  If it was easy, and with the cashflow there, I am sure it would be done by now.

LTC does, and Worldcoin almost did.  LOL.  Not sure what is going on with them lately since the Sharmbeck thing imploded on them

It's not as easy as one would think it is.  But there is your chance.  Build it and they will come.  

Ok, here is a quick one with little to no looking around

HectorVT.

https://bitcointalk.org/index.php?topic=424564.msg4624873#msg4624873 

Read that thread entire thread.  Monica and Hector are both Sock puppets of the dev/devs???


HectorVT: Quote


"Monica

I am back mining, do we know who the marinecoin developers are? I am giving the benefit of the doubt because of the ideas they have, if this goes mainstream which no one knows what can go mainstream these days (PSY) Smiley

 MTC seems to have a potential, honestly people have been mining alts like it is a sport wasting electricity feeding the scammers, I have a gut feeling this is not one of them."




And then read his posts, going slowly from questioning Marine coin, ect to slowly revealing himself to be the developer.  The last 20-30 posts of his are as the developer.

https://bitcointalk.org/index.php?topic=419073.msg4823824#msg4823824


HectorVT:   Quote

I am the developer of marinecoin, it is different concept based on  initial mutual trust during inception and advanced mathematical formulas that I don't even totally understand but the mathematicians are contracted to work for us.  we like to call it pre-allocation, do you really think as the World's first and one only digital nation that there will ever be, I will dump the pre-allocated coins to destroy the system and betray its adapters who got involved in it,a system that I have worked so hard to create, no one even comes close to us in anyway sooner or later someone will notice and then it will be too late for everyone who has ignored it.


www.marinecoin.org

-------

We didn't post these links because well we were there, and saw the threads being created everytime the last one fell off the 1st of second page.


I am personally glad that has ended.  It was one of the steps towards getting away from the bad taste it was putting in everyone's mouth about the coin.


I myself went from quite interested in the coin, to reading through the first copy of their website, which seemed almost alien/heavy cultish, and thinking WTF.  Then got into a few scrambles with the sock puppets.  To watching thousands (Millions???) join when DOGE came around, to watching all the coins that had a community that I was behind falling to the wayside in the name of multipools and auto-trades.  Devs that were very active in the community suddenly going missing/getting bored???  My 2 main coins BTC and LTC are sputtering a bit, and Scrypt AISC's coming.

And I just realized this silly coin, that should have died out a long time ago, because of the drama/hatred/ ect is still kicking around, and the dev if still trying to fight an uphill battle even though the a lot of the devs that had it easy left already.  I am not going to lie and say I am sold, or that I am thinking of investing yet.  But it's got my curiosity again.  

I think that has to be the best post I have ever seen from the dev. 

More posts with information and knowledge behind them, and less with attacking back and calling everyone idiots may just sway me.  I still think the coin is a tad on the crazy side.  But I am really beginning to become annoyed with the 100 clones a day being made by devs that can't even think their way out of a paper bag.  Black coin becomes popular.  Oh a coin with every other color in the spectrum need to be made.  Or fruits, animals, ect.   If anything, at least you can say this coin is different.

As for how the dev could possibly cure cancer/aids ect.  There are 2 coins actively working on those 2 goals right now.  Curecoin and Gridcoin.  Both are tying themselves to the BOINC and @home projects, and are giving block rewards based on how much hashrate is being thrown towards those 2.  I am guessing Marinecoin would be trying to follow suite, and tie themselves to one of these 2 projects.   

Your not wrong, and in a perfect world, it would work out that way.

Only problem is we don't live in a perfect world.


BTC in the perfect world would have every BTC miner having a single 5 W ASIC miner.  No more.  No less.  The hash rate would be more then enough to sustain the coin.  But as everyone knows, no one can settle for having everyone take an equal share of the distribution.  So instead we have the an arms arms race but with multiple soon to be 3 TH/s machines worth tens of thousands of dollars sucking down multiple kW's of electricity, all fighting for the exact same number of BTC that would have been distributed if everyone stuck with their $50 USB miner.

Some goes for the market cap having any sense of being equal to the amount of money invested in the coin divided by the amount of coins available.  It would be great, and ultimately very price stable.  But no one would go for this "utopia" as there isn't any money to be made in a stable currency. 

That would be because 99% of the coins created are cloned.  And they take a wallet they want to copy, make a few changes here and there, and have their own coins wallet.

If you want an even funnier example.  Ask yourself why Maxcoins wallet in the past (Haven't checked if its fixed yet), asks you if you are sure you want to lock your wallet, because if you forget the passcode, you won't be able to access your Blakecoins.  

Arteleis, I will give you the back story on the dev, and the reason everyone is so hard on him and you on any thread related to Marinecoin.

If it was a coin of a different name, with the same nutty dreams/goals, no one would be calling everyone with a positive spin a sock puppet.

I honestly don't know if you are or aren't a sock puppet.  So will assume you aren't for this post.


Anyways, when Marinecoin launched.  The dev/devs used about 10 different accounts, and created a new thread every day where they would have great conversations with each other, finding out a few of them lived in the same city, totally different occupations, male and female sock puppets agreeing to meet for coffee to continue discussing this revolutionary new coin.  Some threads you have pages and pages but the only people talking in it were the devs sock puppets.  (Fake accounts to try to pump their coin).  I remember on being a male professor at a university in London, another being a female (Monica) working at an investment firm, and that her company was looking into Marinecoin as a major investment opportunity.

These were all proven to be the dev/devs talking to himself/themselves.


So fast forward to today, and anytime someone has something positive to say, it is automatically assumed that is it yet another one of his accounts.

 

Not to discredit you Lauda, as I don't see BTC being overthrown in the near foreseeable future either.

But for both of your examples.  Think about MySpace and Yahoo.  Both dominated those exact markets you referenced not many years ago, and both companies laughed when little Facebook and Google came along and the people said they would one day overthrow them.

As for the amount of PoS coins coming out right now. 

If you look around.  Most of the "devs" here can't think their way out of a paper bag.  If any thing is remotely taking off, it will be copied.  If a PoS coin starts taking off, 100 PoS coins will be created in a short time frame after.  If a coin based on a color is being noticed, piles of coins named after colors will appear.  Same with Country coins, Famous people names (Which I don't believe any actually have the star behind them), animals, ect ect.

If someone made a coin tomorrow named Rice Krispy coin.  And it became popular, next week, we would be sure to see Lucky Charm coin, Fruit Loops coin, Corn Flake coin.

Everything in the crypto currency world today is based on popularity, and usually almost nothing is based on innovation.

You're still thinking of the coins as a currency with a fixed market cap based on the amount of coins and the amount invested in them. 

This isn't the case.  The value of a coin is only a 1 second time slice on what price people are believing the coin to be worth, and it can be easily manipulated.

Here is an example of a pump and dump:

I could take a low volume coin with 1 billion coins available.  Say the price is $0.10.  I could slowly buy coins at $0.10, to not effect the value of the coin.  When I have enough, I could slam $1000 down, buy all the coins for sale up to maybe the coins that were selling at $0.30.  Did the Market cap really triple on a billion coins?  Nope all that was injected was $1000.  Then when people see all this activity and rising prices they start buying up coins at $0.20.  The Pumper then sells all the coins he purchased at $0.10 and doubles his money.  Now a lot of money has been injected into the coin by all the buyers, but guess what.  The price will usually come back down, or in many cases be even less then it was in the beginning.

Another case of market cap manipulation.  Just look into Marine coin.  They take a coin that was 97% pre-mined.  That is "supposedly" in a location where it can not be accessed.  They then take their very low volume coins that were mined and because of the small amount traded, the price is relatively high.  This can be done because there are only a handful of coins actually available in the market.  But guess where they "peg" their market cap?   That's right, at the price of the handful of coins X The total amount of coins mined, giving them a fictitious market cap that is the highest market cap of any coin in the world.   

It's easy to get into the belief that a coins value is based on a true market cap, but in reality, its just a speculation driven value, based on news and investor's feelings that day about the coin.  Nothing more, nothing less, and nothing to do with the total amount of coins available.   99.9% of the coins on the market aren't even accepted at any stores.  The price isn't based on how much business transaction are flowing through the coin either.

100% based on speculation and 0% based market cap.

Another thing to think about. 

There is no coin market cap in a decentralized system.  It's a falsified number created to make a few people feel happy about their investment.   A coin's price is really only effected by how investors feel about a coin on a particular day, and how much they want to buy/sell that coin for.  If a coin is selling at $1, and 100,000 coins are created that day, the market does not require $100,000 to be invested in it, in order to sustain it's price.  Or $200,000 could be injected into the coin, yet the coin's value and market cap might slide to half if the last investor bought or sold at $0.50.  On the other hand, $100,000 could be taken out of the coins Value / market cap could skyrocket. 

Having a small inflation rate of 5%, or even 10% a year is going to have no effect on the value the coin holds in the coming year.  It's all just based on a single news flash, or lack of new flash that day to drive the investors to buy/sell.


Or think of it this way.  Say you looked at the market cap of a coin, and saw it was $100,000.  You could NOT purchase every coin for the grand price of $100,000.  Demand would overtake supply and the coins price would probably multiply by 100X, and you would only end up with 10% of the total number of coins.  Or if you did own 100% of the coins you could not sell then all and get the market caps price for the pile.  There supply would overcome demand, and the price would probably drop by 100X, and you would only end up with a fraction of the market cap value in your bank account.

The Stake part of a POS system is not to drive up the price of a coin by ending the coin supply.  It is to end the electricity burning PoW cycle of distributing coins, while still rewarding people for staking their coins, and helping keep the chain secure.

Would it make you happier if they hit the goal instead by leaving the PoW on for 5 weeks instead of 2 to hit the cap amount of coins available, then cut all rewards to anyone keeping the coin secure.  None of the coins have the Max coins listed as the amount of coins available when PoW ends.  They all have made ample room on the maximum target levels to distribute the coins.

Plus like a PoW system, eventually when the cap has been reached, the PoS mining "interest" will be supplied by the transaction fees.