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15521  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new fiat slaves, gentlemen. on: January 09, 2015, 07:39:34 AM
Since most people came into bitcoin to increase their FIAT holdings, they have totally missed the point and too much emphasis is on price rather than technology. Looking over the forum, people are foaming at the mouths like rabid dogs, hoping (like a religious sect) for the price to rise. They have indirectly become slaves to the very system that satoshi was looking to fix.


irony.jpeg

Majority of its users are investors/speculators (including myself)  so I guess we all get what we deserved, amirite? 

Greed breeds more greed.

hahaha

LOL
15522  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitshares Community proposes Ethereum merger realizing they arent good enough on: January 09, 2015, 07:17:25 AM
Ethereum is about to mop the floor with alts.

I expect it to be #2 within a few months of coming out.  Their development is beyond anything the alt scene has seen and their method of raising money and actually using it for development (vs finding some way to scam it out) will leave the half scam half dev coins in the dust.  Their protocol is a big enough leap in time saving it will leave any of the current 2.0 projects that don't adopt it in the dust.

Guess I should've invested.  Their fund raising was almost criminal by selling the 4 year pre-mine.  They talk nice about other projects (and play nice) - but their development, resources backing them, and strategy is a take no prisoners operation.

true. i am excited about ethereum as well.
15523  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT is dying :-( on: January 09, 2015, 06:57:24 AM
Is dev still closed and annonymous? Then yes its dead id rather buy ripple if i want closed source crypto currency. Bitshares is good though

not a good analogy.  but ok.
Y

cos the truth is, it's far from dead. why can't people stop fudding here and just tell the truth?  jesus...

 Cry Cry Cry Cry

STOP LIKING WHAT I DON'T LIKE!!!!  Angry Angry Angry Cry

?

edit: back to my questions...

went to the nxt tech tree website.  i think the nxt devs should focus on instant transactions and give the platform asset to asset trade capability.  it's called instantDEX, is it? 

... OR does monetary system allow currency to currency trading? if so, no need for instantDEX.  but can currencies in monetary system be used to buy assets in the nxt asset exchange?
15524  Economy / Economics / Re: lets make bitcoin price high on: January 09, 2015, 06:47:56 AM
If the merchants who are accepting bitcoin payment don't dump their bitcoin for fiat right away at the market price or below market price, I think bitcoin will be stable a little bit. If they want to sell the bitcoin, they shoud at least have a little faith in it  until the price reach the expect level.

no one owes anyone any favors. everyone can do, and should do whatever they like with their coins.  isn't that what we wanted in the first place?
15525  Economy / Speculation / Re: Bitcoin could face another bear market in 2015 on: January 09, 2015, 06:43:02 AM
it is already a bear market.  but yes, it could go down some more.
15526  Economy / Speculation / Re: will bitcoin rise or fall on: January 09, 2015, 05:22:46 AM
fall.  then fall some more.  go sideways.  then slowly and gradually rise.  all that hopefully before the end of this year.
15527  Alternate cryptocurrencies / Altcoin Discussion / Re: What cryptocurrency do you have the most faith in the long term? on: January 09, 2015, 04:54:03 AM
Bitcoin and Next will continue to emerge and develop into a more user friendly application

the NXT wallet is kinda slow and laggy in weaker laptops and pc's tho.  their devs should work on that if they want wider adoption.
15528  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT is dying :-( on: January 09, 2015, 04:50:26 AM
Is dev still closed and annonymous? Then yes its dead id rather buy ripple if i want closed source crypto currency. Bitshares is good though

not a good analogy.  but ok.
Y

cos the truth is, it's far from dead. why can't people stop fudding here and just tell the truth?  jesus...
15529  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT is dying :-( on: January 09, 2015, 04:35:26 AM
Is dev still closed and annonymous? Then yes its dead id rather buy ripple if i want closed source crypto currency. Bitshares is good though

not a good analogy.  but ok.
15530  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT is dying :-( on: January 09, 2015, 04:34:30 AM
people are using only for a short term investment rather than knowing it's future applications and revolutionary potential.

let them.
15531  Economy / Economics / Re: lets make bitcoin price high on: January 09, 2015, 04:30:18 AM
don't fight the market/trend
we broke through important support.  
You're obviously a noob-trader.

this.
15532  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitshares Community proposes Ethereum merger realizing they arent good enough on: January 09, 2015, 03:14:20 AM
that proposal/thread does not represent what the bitshares community wants.

from the thread:  

Quote
This is just a thought experiment/grand scheme of world domination. Not meant to be taken too seriously.

the thread starter is making a fool of himself:  https://bitsharestalk.org/index.php?topic=13058.0
15533  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT is dying :-( on: January 09, 2015, 01:43:18 AM
went to the nxt tech tree website.  i think the nxt devs should focus on instant transactions and give the platform asset to asset trade capability.  it's called instantDEX, is it?  

... OR does monetary system allow currency to currency trading? if so, no need for instantDEX.  but can currencies in monetary system be used to buy assets in the nxt asset exchange?  if so, then nxt will be brilliant!  just work on instant transactions and you are a perfect (almost) platform.  there will be naysayers, but you will be better than the rest for sure.  GL

15534  Alternate cryptocurrencies / Altcoin Discussion / Re: New and looking to buy Cryptocurrency on: January 09, 2015, 12:54:36 AM
to someone new.  just hold your hard earned money for now.  all of crypto is in a slump right now and could go down some more.  just be in the sidelines and keep watching the market.  be patient, but be ready for some bargain hunting.  do not be in a rush to take a position, crypto ain't going anywhere.  and we do not want you bagholding...  Grin
15535  Alternate cryptocurrencies / Altcoin Discussion / Re: [CANN]Cannabis Coin Pre-Mine Transparency Discussion on: January 09, 2015, 12:51:06 AM
didn't they set up a place to grow their cannabis strain?  are there any updates?
15536  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT is dying :-( on: January 09, 2015, 12:43:33 AM
It's just like with Christmas.

If you close your eyes, confirmations go faster.

lol.  but there was mention of making NXT's confirmation time to a few seconds right?  if i'm not mistaken, i think it's called transparent forging?  are the devs still working on it?

anyway i think NXT would be way better if it was faster than the rest.

The last I heard the devs were still working on it, but there's only a few who understand it and it's going to take a while to develop. Maybe things have changed since I looked into it.

i think getting faster confirmation times is the way to go.  then add more features later.
15537  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: January 09, 2015, 12:25:19 AM
how many STR have the facebook giveaway been giving?  just wondering...

https://www.stellar.org/stats/

no.  i meant how much STR is given per person by connecting their facebook account with their stellar wallet.
15538  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT is dying :-( on: January 09, 2015, 12:21:24 AM
It's just like with Christmas.

If you close your eyes, confirmations go faster.

lol.  but there was mention of making NXT's confirmation time to a few seconds right?  if i'm not mistaken, i think it's called transparent forging?  are the devs still working on it?

anyway i think NXT would be way better if it was faster than the rest.
15539  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT is dying :-( on: January 08, 2015, 11:49:04 PM
what i think that could help NXT get the edge is faster confirmation time.  and i hope we see it this year.
15540  Economy / Service Discussion / Re: Bitstamp will easily recover from this hack on: January 08, 2015, 02:02:22 PM
5 million dollars is a huge amount to cover out of pocket unless they were making insane amounts of yearly revenue off fees.
You have a point, but Stamp's financial health looks okay as of the last published auditing cycle: http://companycheck.co.uk/company/08157033/BITSTAMP-LIMITED/company-summary

That's quite impressive, but I'm guessing those total figures are mostly comprised by the sum of the customer coins held.  I'd be interested to know their actual revenue figures from the past 2 years after employee/server/maintenance costs.

The question is...do they really have the integrity to stick with this and be willing to work basically free of charge and at a personal cost loss for the next few months, if not years...just to pay back the stolen funds?  My gut tells me no...which is why this scenario almost always plays out the same way. Whether or not this was an inside job, from a logical perspective there are very few business owners that would be willing to take that kind of hit, especially knowing it's already a sinking ship.

It's like people with burried with outrageous personal debts with a meager job salary.  That's why filing for bankruptcy is such a common practice nowadays especially in the current financial climate.


According to the Bitstamp financial statement, the 2013 profit was around of 800,000 USD. Even they hide all the figures, let's say 2 mil usd profit/year. It's too less to cover the loss.
5 MIL USD are a lot of money. 500K are a lot of money but 5 MIL is huge Smiley

Bistamp will drag down Ripple with them. Take the popcorn and look to the show that it will come soon. Smiley


you mean ripple the platform...?  nope, that will never happen.  bitstamp is just a gateway as far as the ripple network is concerned.  the price of XRP could go down tho, that i give you.
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