Most altcoin threads have one or more people making predictions based on TA ( Technical Analysis ) of the coin, and they often post their charts showing various patterns that indicate a reversal in price is imminent. Do you believe that accurate TA can be performed on a coin given the relative low volume most coins have, or do you think that TA is a valuable tool in the altcoin market despite the volume?
Just avoid low volume crypto. |
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Are the NXT people in contact with the officials of Greece? I think that should be the first step.
It seems to me that the intent of the committee is to create a viable solution to present. It doesn't seem that there is a hot or warm lead to work with, my guess is if they come up with something they will be going in cold. To create a viable solution, you need to really know the problem. And the only way to do that is to be in constant communication with Greece's officials. I mean if they're really serious and that Greece takes them seriously then they should meet. Who are the people behind NXT's committee in solving Greece's crisis? |
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Rofl. That is funny. No Army = No Nation.  |
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I'd like to see FINCEN try shutting down miners all over the world. They can try. But that's about it.
If the coin is worthless and can't be used anywhere miners will stop mining. PoS wins again... With a POW phase to ward off FINCEN. |
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If there was a POW phase in a POS coin, then yeah. The whole point is avoiding an IPO/ICO/Presale where FINCEN can then knock on your door because of it.
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Yeah... But just 'what if?' Litecoin...
I guess it's the next most viable option. You then have the problem of convincing Litecoin sellers to allow you to move into their currency by getting them to accept your worthless BTC. It would surely go up if that's the case. |
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I think that twitching psycho is just the teensy weensiest bit biased. Yeah... But just 'what if?' Litecoin... |
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^ No arguments there. Makes a for a good point that POW is crypto's only true path even with the 'instamine'.
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Let me change my question. Is Gavin Andresen saying the hard fork might not happen?
I was really excited to see what would happen if it was on. He's probably having cold feet?
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Read this post by ArcticMine Here is the Ripple agreement. http://www.justice.gov/sites/default/files/opa/press-releases/attachments/2015/05/05/settlement_agreement.pdf Well worth reading especially Appendix A. My take is that a fairly launched POW coin (no pre-mine, insta-mine or ninja-mine) is likely safe. So would a proof of burn such a Counterparty. The rest could easily be currently under investigation. If they are working their way down the market capitalization list, it will be very interesting to see how they react to DASH. I would also suspect Ethereum is in the cross hairs not only of FinCEN but also of the SEC. If Fincen starts going after IPO/ICO/presaled coins, do you think the future of crypto is in Proof of Work? FUD. Fincen will continue to eagerly do nothing next several years. OK, not that I understand how they are going to do that exactly, but, FinCEN only has jurisdiction in the U.S. right?
So, they can only do that with coins/developers in the U.S. right?
Exactly. FUD? It already happened. FINCEN already went after Ripple Labs. And to think Ripple was already going for compliance. FINCEN may not have jurisdiction outside the US, but they would def come after the ones operating inside it. They could simply go to another country can they? What are they going to do to them if they operate from abroad? It's not about what FINCEN can do to crypto. It's about crypto losing a big chunk of its market/users, and potential users. I repeat... Im begining to think that POW + anonymous dev + no instamine, premine, ninjamine, everything transparent and honest is the way to go in crypto it seems. |
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Read this post by ArcticMine Here is the Ripple agreement. http://www.justice.gov/sites/default/files/opa/press-releases/attachments/2015/05/05/settlement_agreement.pdf Well worth reading especially Appendix A. My take is that a fairly launched POW coin (no pre-mine, insta-mine or ninja-mine) is likely safe. So would a proof of burn such a Counterparty. The rest could easily be currently under investigation. If they are working their way down the market capitalization list, it will be very interesting to see how they react to DASH. I would also suspect Ethereum is in the cross hairs not only of FinCEN but also of the SEC. If Fincen starts going after IPO/ICO/presaled coins, do you think the future of crypto is in Proof of Work? FUD. Fincen will continue to eagerly do nothing next several years. OK, not that I understand how they are going to do that exactly, but, FinCEN only has jurisdiction in the U.S. right?
So, they can only do that with coins/developers in the U.S. right?
Exactly. FUD? It already happened. FINCEN already went after Ripple Labs. And to think Ripple was already going for compliance. FINCEN may not have jurisdiction outside the US, but they would def come after the ones operating inside it. |
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Quite possibly.
IPO style coins and etc is basically the selling of unregistered securities and that's illegal. The same accusations can be said against premined and instamined coins as well, if the developers benefited financially through the sale of coins that they acquired unfairly ahead of everyone else through any work of their own such as premining coins ahead of launch, or instamining coins after launch through changing the coin's features, it probably counts as selling unregistered securities.
I am sorry I don't get what you are saying. Premine and instamine are illegal because they count as selling unregistered securities? How so? FINCEN could just bunch them altogether with the same case as Ripple. OK, not that I understand how they are going to do that exactly, but, FinCEN only has jurisdiction in the U.S. right? So, they can only do that with coins/developers in the U.S. right? Oh yeah. It will also be a problem for them if the devs are anonymous. It's a pity... Some projects like Maidsafe or GetGems are really trying to make something. But FINCEN will come knocking on their door soon. Im begining to think that POW + anonymous dev + no instamine, premine, ninjamine, everything transparent and honest is the way to go in crypto it seems. |
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Will B&C exchange be decntralized? Like will FINCEN be able to shut it down or will it be like bittorent decentralized?
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I know there were various of discussions about whether Satoshi Nakamoto, BCNext and Qora are the same person. There are also good proofs (text analysis, on-/offline profiles, etc) which states that they probably could not be the same person. Howsoever, they have one thing in common. They released a great unique tech and then disappeared.
What do you think, why do they want to stay unknown?
So FINCEN can't come after them. POW + anonymous dev + no instamine, premine, ninjamine, everything transparent and honest is the way to go in crypto it seems. |
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Quite possibly.
IPO style coins and etc is basically the selling of unregistered securities and that's illegal. The same accusations can be said against premined and instamined coins as well, if the developers benefited financially through the sale of coins that they acquired unfairly ahead of everyone else through any work of their own such as premining coins ahead of launch, or instamining coins after launch through changing the coin's features, it probably counts as selling unregistered securities.
I am sorry I don't get what you are saying. Premine and instamine are illegal because they count as selling unregistered securities? How so? FINCEN could just bunch them altogether with the same case as Ripple. |
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For all those interested in proposed increase of the max block size, here's today's entry from Gavin's blog: http://gavinandresen.ninja/utxo-uhohUTXO uh-oh…I’m adding entries to my list of objections to raising the maximum block size as I run across them in discussions on reddit, in IRC, etc.
This is the technical objection that I’m most worried about:
More transactions means more memory for the UTXO database
I wasn’t worried about it yesterday, because I hadn’t looked at the trends. I am worried about it today.
... -------- As a bonus: M. Karpeless on the proposed changes: https://twitter.com/MagicalTux/status/596622731711352832?s=09So you think hard fork will not happen next year? |
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Posting accusations that are backed by evidence (different than proof) is not "trolling"
Posting negative comments is not "trolling"
Believing something is a scam that is / is not a scam is not "trolling"
Trolling is targeting a specific group to intentionally get certain reactions by pushing buttons. It is an art. Discussions, true or false accusations, evidence, warnings, negative comments, post "unrelated tax liens"
Know your internet verbage
But but some trolls are getting better in pretending that they are not trolls. It'san art as you said. Or they get multiple accounts pretending to be different people. Same trick different dog. Yeah. They even argue and troll the hell out of themselves just to get threads sidetracked. Very entertaining. |
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Posting accusations that are backed by evidence (different than proof) is not "trolling"
Posting negative comments is not "trolling"
Believing something is a scam that is / is not a scam is not "trolling"
Trolling is targeting a specific group to intentionally get certain reactions by pushing buttons. It is an art. Discussions, true or false accusations, evidence, warnings, negative comments, post "unrelated tax liens"
Know your internet verbage
But but some trolls are getting better in pretending that they are not trolls. It'san art as you said. |
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They can ban exchanges. But 'mining'? What do they care if I use my hardware for mining. It's none of their business.
Mining what? Some cryptocurrency just for fun? Seems like serious things are probably about to happen, so the question now is not if we will be free to mine whatever we can, but if cryptocurrencies will exist in the way they are now. Yeah. What if I mine VTC... What? What if BTC was still a worthless token costing less than a penny each... What? But you get the point.. I'd like to see FINCEN try shutting down miners all over the world. They can try. But that's about it. Maybe it's time for trading coins thru Open Bazzar when that goes online. Then a true decntralized exchange later. Night Trader was going to be the shit, but the dev got sidetracked. |
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