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1721  Bitcoin / Hardware / Re: Official Thread: AMT on: February 21, 2014, 08:44:12 PM
Guys,

Calm down. We shot the video yesterday and its at the video product company being formatted and what nut. ORDER 400 TO 500 HAVE BEEN SHIPPED OUT ALREADY!  WE ARE ALL WORKING ON ASSEMBLING  AND SHIPPING MINERS ONLY.

ORDER 500-600 WILL SHIP ON MONDAY TO WEDNSDAY


600 TO 700 WILL SHIP ON WEDNSDAY TO  FRIDAY.

700 TO 800 MONDAY TO WEDNSDAY OF THE FOLLOWING WEEK.

800 TO 900 WEDNSDAY OF THE FOLLOWING WEEK.

AND SO ON.

PLEASE STOP TRASHING OUR COMPANY AS WE ARE ONE OF THE ONLY TWO COMPANIES IN AMERICA THAT ARE SHIPPING TERRAHASH MINERS. THANKS.

Ok, thanks for the update.

I have order #961.  Anyone want to buy it from me?  According to AMT it should arrive 2nd week of March!  Asking price 12 BTC!  

AMT will faclitate transaction.

1722  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: February 21, 2014, 04:47:44 PM

Hello, I liked your idea
We decided to make the native interface Next Coin Lite


Woah!   NXTL?  What's is that?  Is that a clone of Nxt?

Yes, we make a copy of NXT, but with fewer features

What features did you remove?
1723  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: February 21, 2014, 04:41:52 PM

Hello, I liked your idea
We decided to make the native interface Next Coin Lite


Woah!   NXTL?  What's is that?  Is that a clone of Nxt?
1724  Alternate cryptocurrencies / Altcoin Discussion / Re: BREAKING : iXcoin price up 100%! Network Hash Rate exceeds 1.5 PETA Hashes/Sec on: February 21, 2014, 04:30:55 PM
iXcoin hash rate is now 17,030,280.0572 GHs.
1725  Economy / Service Discussion / Re: Mt Gox Endgame on: February 21, 2014, 04:17:29 PM

Ok, on a 100% probability scale, let's get people's best estimate on the probability that Mt. Gox survives. I say 65% chance of survival, but it is a total guess. I know most people have been saying lower.

The market is saying, based on the current BTC price,  that the probability is 20% of survival.

1726  Alternate cryptocurrencies / Altcoin Discussion / Re: Nxt source code flaw reports on: February 21, 2014, 04:15:01 PM

Critical flaw description:
Code:
Only 64 bits of the previous block hash are used. This gives ability to inject blocks with another set of transactions.

SHA256-hash:
Code:
888f278c773d39b8334a651d84ee78871bd0e5d45e09be8fdb190ba1b2969530

You are telling me BCNxt solved tx malleability?

No. But malleability is not a problem for Nxt, it can be easily solved by any Java coder.

Is this bug going to be fixed in Nxt?

Right now Nxt uses Java long (64 bits) to encode the previous block hash. 
Why don't YOU fix it? After all YOU are the code GURU Tongue

Because it can't be fixed for Nxt without destroying the entire block chain.   
1727  Alternate cryptocurrencies / Altcoin Discussion / Re: NEM - copycat scam? on: February 21, 2014, 04:12:17 PM
I don't care if NEM was copied from NXT or not.

If it was, please at least fix the stupid and less security 20-digits wallet address.

Then I will consider to invest some.

Not only is the wallet address just 8 bytes, but the block hash is only 8 bytes!!

In short,  its damn easy to counterfeit an entire block!
1728  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: February 21, 2014, 04:02:14 PM
SCAMHuh

Please do not spam NEX threads with this garbage or it will be spammed back to your thread.
1729  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: February 21, 2014, 04:00:01 PM

Be careful. Scam!


Note: Anyone found trolling NEX threads and claiming it is a scam will have the same post quoted in this thread.

1730  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEX :: Nxt Reimagined - Industrial Strength - Imagine Fairness! on: February 21, 2014, 03:50:31 PM
interested

Go to www.nexcoin.net for this.   

Bitcointalk has banned doing what you just did.
1731  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 21, 2014, 03:49:37 PM
The banking limits aren't unbelievable- if you live in Japan. Its standard bureaucracy. And the 5% is likely not a withdrawal at all, but a fiat to fiat transfer through a regular bank which charges them for it (though there is obviously a percentage in it for them as well). And when a bank is forced to submit reports on incoming transfers over $10k USD (in the US) to regulatory agencies, they also aren't allowed to tell the customer they are doing so (this is a fact). So EVERYTHING is a delay EVERYWHERE.

What about SEPA withdrawals coming out from Gox's Polish bank? Why 6 weeks delay?

If reporting every transaction above $10k causes so much delay, why I can wire 50k EUR to MtGox and I get them credited in 2, 3 days max.? Why the huge delays affect only outgoing and not incoming transfers?

It doesn't add up. Other exchanges have no problems with "banking limits".


Because they don't have a lot of fiat?

Just like a bank that does not have their depositors money.   

However, this is different,  they don't have either the fiat or the bitcoin.  So they can't open the floodgates to allow anybody to withdraw.    No withdrawals at Mt.Gox.   You can sell BTC and fiat to each other,  but you can never withdraw!

In summary, all the BTC and fiat that's traded at Mt.Gox is mostly all fake.  It is likely only 20% of the original still exists.  That is why there is not enough dollars to buy the fake BTC that they are selling.

This situation could last a while before Mt.Gox gets it all squared away... or another exchange buys all Mt.Gox assets and customers.  That would be quite expensive if Mt.Gox has only 20% of the depositors coins and cash.
1732  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEX :: Nxt Reimagined - Industrial Strength - Imagine Fairness! on: February 21, 2014, 02:53:25 PM
When will the email list be updated? My email is still not on there.

Not to worry.  Email is maintained on a different database.  There are around 800 email addresses right now.
1733  Alternate cryptocurrencies / Altcoin Discussion / Re: Ixcoin TODO on: February 21, 2014, 02:37:30 PM
Nasakioto...Australian.
LukeConnell...Australian.

Did you go to school together?  Grin

Both of you probably need to have a person to person meetup!

How far is Queensland from Melbourne?
1734  Alternate cryptocurrencies / Altcoin Discussion / Re: Nxt source code flaw reports on: February 21, 2014, 02:25:44 PM

Critical flaw description:
Code:
Only 64 bits of the previous block hash are used. This gives ability to inject blocks with another set of transactions.

SHA256-hash:
Code:
888f278c773d39b8334a651d84ee78871bd0e5d45e09be8fdb190ba1b2969530

You are telling me BCNxt solved tx malleability?

No. But malleability is not a problem for Nxt, it can be easily solved by any Java coder.

Is this bug going to be fixed in Nxt?

Right now Nxt uses Java long (64 bits) to encode the previous block hash. 

1735  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 21, 2014, 02:20:35 PM

They can't legally arb themselves, and obviously they didn't (much?) otherwise there wouldnt be a gap. So... oh wait I just got trolled

Can't legally arb themselves?  What makes you think they can't?

Wouldn't be a gap?   Of course the gap will be maintained, Mt.Gox is selling more BTC that it is actually buying.   All it needs to do is buy the real BTC and sell it on another exchange.

Mt.Gox right now is playing a very deadly game of naked short selling BTC.   What that means is that they have to cover all the BTC they sold prior to allowing any BTC withdrawals?    They can do this by raising enough cash via arbitrage....  so if they can move BTC out and Fiat back in,  they will be able to cover their positions.

I just don't know how long it will take,  but the current Mt.Gox is ideal for Gox to cover their short.
1736  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 21, 2014, 12:41:08 PM

Furthermore, numbers DO NOT LIE. The huge spread we have witnessed between Gox and the others comes for a reason. Sturle tried to convince us that he was making loads of money doing arbitrage, implying that the spread existed only because people is stupid and was not using the situation to their advantage because of fear, uncertainity and doubt. But let me tell you something: that's BS. Markets do not work that way. If there is a 20% arbitrage opportunity, which basically means "free money", arbitrageurs will take the opportunity and the gap will close almost instantly. If that doesn't happen, it is because it is simply not possible. I tried myself, for Christ sake, and I failed miserably because you cannot simply do arbitrage in such a volatile market if your funds are stuck on one of the ends FOR WEEKS.


I think you fail to mention that it is entirely possible for MtGox to perform the arbitrage exclusively.   Customers can't, but Mt.Gox certainly can.

Your assumption also that Mt.Gox price is based on an efficient market.  It is not, it is a manipulated market than Mt.Gox can always choose to flood the market with fake BTC.   Why would they do that?   Well... arbitrage.
1737  Economy / Service Discussion / Re: Mt Gox Endgame on: February 21, 2014, 04:25:26 AM
What honest exchange would leave the trading engine running under these conditions. This is the biggest giveaway for me.

Exactly.  The current BTC price at Mt.Gox is designed to rip-off customers. 

1738  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEX :: Nxt Reimagined - Industrial Strength - Imagine Fairness! on: February 21, 2014, 04:19:54 AM
...
Do you see these same folks posting 'scam' on the NEM thread?

You don't.
...

you should really do your research before posting stuff, just make it look more and more like you dont know what you are talking about.

Well,  where are the Nxt posters on the NEM thread posting "scam" in huge red fonts?

All I am saying is that these Nxt poster are extremely hypocritical if they are spamming this thread because they see competition, meanwhile they are being silent on the NEM thread.

 

you are obviously just not paying attention.  look at member 2kool4skewls posts in NEM thread.

Did he spam the post with large red fonts saying "scam"?   He appeared to be upset about the competition,  but how he treats NEM and NEX are like day and night.

So yes,  you are getting some heat from Nxt folks,  but nothing compared to how much heat NEX is receiving.   

That is because you are outright, blatantly stealing from people. 

Nem at least started with good intentions.

Why is there so much fear around creating an improved NXT?

Not sure.

Usually alt-coins can differentiate themselves by the hash rate that protects the network.  So Litecoin is bettern than say Feathercoin because it has like 100 times the hash.

Now I don't know how you can differentiate a PoS coin from another one.   

I think though that these folks are mostly newbies,  competition is part of crypto-currencies.  You compete to mine a coin.  You compete with different coins.   It is all competition.   

These folks though play very dirty by running smear campaigns.
1739  Economy / Service Discussion / Re: Mt Gox Endgame on: February 21, 2014, 03:45:55 AM
Live MtGox Protest:

http://www.ustream.tv/channel/mtgox-protest
1740  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: February 21, 2014, 03:45:26 AM
Live MtGox Protest:

http://www.ustream.tv/channel/mtgox-protest
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