omg, just seen the price - this is amazing, deal of the frik'en century! I might even make it into the 1k club at this rate   who are these dumping people I don't know who's selling. Prices are so low and buy support is so little you can maybe get 2 BTC for dumping 10k CGB... it's ridiculous to sell if you ask me. Maybe CGB fell victim to the "HODLERS". Too many CGB are in the hands of a few big whales, who are unwilling to sell and only get bigger because they have low buying orders? All you can do with CGB is hoard them, you can't DO anything with it. And because of that there is zero buying force, and instead of it only a constant selling pressure. That's the whole problem with CGB, you can't use it. If you can find some use for it, I'm confident we will see it rise like a phoenix.  |
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have you thought perhaps about getting CGB away from and onto other exchanges besides Cryptsy?
looking forward to the updated wallet, at the moment i have a small amount of CGB that i've kept for stake an added to over the past year. I now have almost 1500 in my wallet, but also feel a little burned the way its been manipulated on cryptsy. If i had spent the same amount of btc on CGB now at current cryptsy i would have 3-4x my current holdings, i'm not too obsessed about it, but i think CGB price would be more steady and resistant to manipulation and dumps if it were distributed across more exchanges then it is currently and a multipool was setup for it as well.
btw coinex should be removed from the exchange list, as the wallets were hacked and all coins stolen. Anyone purchasing CGB there would not be able to withdraw it.
Digit, I don't have anywhere near as much as you, but can you say a bit more about the manipulation you observe at cryptsy? I'm thinking about getting into more active trading but I'm pretty new so I'm trying to learn more first. There is barely any trading going on and no buying pressure to counter the possible dumping of PoS blocks by cryptsy itself? I don't know how big their wallet is. With a multipool at least you create some constant buying support and keep the price where it is (or maybe higher?). |
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I wanted to ask the community for feedback/input on some of our options. Proof of Stake has been brought up a few times in the thread. I've been watching Saturncoin closely as they are doing a migration to a Proof of Stake blockchain. I am curious to see how it works out in the end with the exchanges etc. But this is one option we can consider, to create a PoS version of Particle and do a coin swap in the way that they are doing it. I have shied away from it because it seemed problematic, but if they are able to do it smoothly than maybe this is something we could consider? What if we created it with a smaller money supply and did something essentially like a reverse stock split, and did the swap out at a 10:1 ratio or something similar?
Thoughts?
One of the things I really like about Particle is that it is a very fast currency, you can move PRT around with great speed which makes it convenient, so I want to do some testing/investigation with Proof of Stake to see if that speed can be maintained.
One of the challenges with the multipool is if people dump their payouts regularly, it somewhat defeats the purpose of the pool and the buy support. So, I'd like to continue considering all of our other options to keep pushing PRT forward. The development activity behind the scenes will continue obviously, but some of those developments take time to get to release. In the meantime maybe there are some other things we can also do.
We are starting to pick up traction on Twitter and social media, so that is a great sign. One step at a time....
I think if you picked up too much attention for the coin, a blockchain change won't do good. I think it will become too complicated for a lot of people and they will drop out. And you get a lot of unswapped coins (for all kinds of reasons) and people asking questions about that stack of coins. You'll also risk swapping a perfectly working chain to one with issues. If you still plan to go ahead with it, ADT did a blockchain swap, maybe you can ask the dev zackclark70 for information. |
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It does not seem to be that good of a deal. Did you calculated will it be profitable or not?
I bought them at a low level, didn't knew what to do with my btc at that point and this is better than doing nothing  And not only i get returns on these shares i can also sell them with a profit. So that's why i ask if i can put them on a sell order and still get the returns until the order is filled. |
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Does anyone know if you get paid on your MN1 shares if they are waiting in a sell order?
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Wow, am I glad I sold my 10k AC a few days ago and bought MN1 shares for it at .0131 At the time of the shutdown I only had somewhere around 300 AC left, which I bought with payouts of my MN1 shares |
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Also note:
Your username in all cases should be your PRT address. Password can be anything.
Once we have this stabilized with a nice front end, I will add more coins and we can do profit switching in real time and be more optimized.
The way the multipool works is we mine other GPU and ASIC coins, sell them and then buy PRT on the exchanges and pay that out to the miners.
I don't know that X11 support is going to be easy to add, it seemed to really break the system. I'm sure we could figure it out. I have another test server that I can use to do that, but right now let's get Scrypt and SHA working so we can jump on new coin releases and maximize the support for PRT.
On which exchanges are the PRT being bought? |
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the wallet is very beautiful.  i want to buy some coins, but it's price is too high. Price may go a lot higher in the future |
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Thanks, I'll double check on cryptsy, I cant recall which exchange I looked at recently where there was literally no volume.
Probably Allcrypt. |
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It appears Coinedup daemon is offline for deposits and withdrawls of PRT, anyone know how long this has been ongoing?
Not very long, i made a withdrawal earlier today, maybe 10 hours ago. |
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CGB Core Team Weekly Update – April 1, 2014Please also see the Reddit post for further discussion., we have included a link to our community driven effort to translate CGB's new website! I would like to thank spac3_invad3r for bringing this up and stepping forward to help organize this monumental task! We must ask that all community members who are able to translate our website from English to any other language consider helping us to maintain our proud history of broad multilingual support. Nice system to work together with the translations. I will start helping with the dutch translation whenever I have some time to spare I'm at work and have many other things to do, so I will probably make slow but steady progress with this the coming week. But I am working on it as we speak And maybe there are other community members from the Netherlands so we can work together at different sections at the same time! |
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There's new announcement on the site. Looks like they have a deadline now.
"[translation]
March 28, 2014
To anyone concerned
Mark Karpeles
Representative Director
MtGox Co., Ltd.
11-5, Shibuya 2-chome, Shibuya-ku, Tokyo
ANNOUNCEMENT REGARDING THE EXTENSION OF THE DEADLINE FOR
SUBMISSION OF THE EXAMINATION RESULTS REPORT
In relation with the application for commencement of a civil rehabilitation proceeding made by
MtGox Co., Ltd., the Tokyo District Court issued on February 28, 2014 an examination order and
appointed attorney-at-law Nobuaki Kobayashi as examiner.
We hereby announce that the Tokyo District Court issued today an order extending to May 9, 2014
the deadline for the examiner to submit the results of its examination."
 http://imageshack.us/a/img34/5165/wcub.jpg |
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Was thinking in similar direction. How about a contest for the best idea for a marketingstunt. Ofcourse it must be realistic and doable and not cost too much.
Anyone wanna tattoo a CGBcoin on his behind and run naked in the cnn studio?
Well... Since its your idea...?  |
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I think this discussion doesn't belong here. IF it is even true. CGB doesn't even trade at cryptorush.in Only lesson people should learn from it is this: don't keep your coins on an exchange. I myself keep the majority of my coins in my private wallets, and at most 25% of it is on the exchanges if I want to trade. Whenever I make a profit on a trade, I transfer this profit to my wallet. |
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Thanks everyone! I promise I will do more research myself |
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You should have stopped at the first question, the answer to that answer the other too  The transaction is SIGNED by using the private key, this means that anyone can prove it is valid but no one can get the private key. So, no problem! So the private key you use to sign the transaction isn't compared to some list of private keys which are on the network to verify if it is an existing private key? |
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Yes. But...
The probability that you hit an existing private key is so small that the time and energy invested into finding one key would cost more than the total market cap of bitcoin (in fact, as Gabi has pointed out, more than the available energy output of our sun over its entire lifetime).
This is pretty similar to a lottery where you buy all the tickets - of course you will win the lottery, but it's not really cost-effective, and in the case of bitcoin, you can't buy enough tickets to even get a chance of winning a little bit...
Onkel Paul
Actually, there's a small exception to this rule: If you look at deterministic keys generated from a passphrase instead of random keys, and the passphrase can be guessed, it's much easier of course.
Example: There's a private key generated from "correct horse battery staple" (corresponding public key is 1JwSSubhmg6iPtRjtyqhUYYH7bZg3Lfy1T) which is a passphrase that wasn't too hard to guess (actually, if xkcd had kept its mouth shut, it would be pretty hard to guess...). Everybody can spend contents of this address, which is why its balance is almost always zero...
OK, I get that. Chances you hit a private key are too small. And if people are smart enough to store their balances in small amounts over multiple private keys its even less effective for hackers. But I have another question. If I use my private key to make a transaction, the network needs to match this private key to the public key (which is derived from the private key). Doesn't this mean that all the private keys are stored on the network? And how safe is this? Why can the network easily verify the private keys but can't someone else look into them? And can't someone simply "listen" to the network and pick up those private keys? And if I make a wallet address with the QT client, does the cliënt generate a private key? And is I encrypt my wallet, what does that mean? Does that mean my passphrase is the new private key? |
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