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1741  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS | 3 Exchanges | The first POS X11 Anonnymous wallet!! on: May 25, 2014, 04:20:21 PM
Well for starters the details are encrypted to protect identifiable information and no we are not using ring sig's at this time, that is for the next release. 

Thats extremely vague, I believe people are asking you to describe the design of how anonymization is to work in XC
you want him to run commentary at every ones command, or you want him to deliver a quality product FFS!
1742  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS | 3 Exchanges | The first POS X11 Anonnymous wallet!! on: May 25, 2014, 03:05:21 PM
MINTPAL JUST ADDED XC, MOON COMING!

But I only have 20k XC, I really feel poor compared to you guys Tongue
yep ur poor go sit in the corner now...and face the wall
1743  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS | 3 Exchanges | The first POS X11 Anonnymous wallet!! on: May 25, 2014, 01:46:21 PM
and he doesn't know what he is doing lol

I know enough that this is complete and utter nonsense:

This release is pure mixer technology v1.0 - it uses existing supernode concepts, with encrypted data packets... v2.0 will use [removed] and run on top of tor and be 100% anonymous

Exactly what cryptographic or mathematical papers has atcsecure published?

Cryptography isn't advanced network administration. All of those things on his resume give no indication towards his mathematical ability.

Notice how the anonymous transactions system all have whitepapers with lots and lots of math.

You kind of need math when creating these types of cutting edge systems.

From what he wrote above, I have zero confidence in his ability to deliver this 100% anonymous transaction system.

good you have zero confidence, so dn't invest the dev is busy, we dn't need your money, please go somewhere else.
1744  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS | 3 Exchanges | The first POS X11 Anonnymous wallet!! on: May 25, 2014, 01:34:54 PM
a lot of bitching going on right now..he is one guy doing his best, invest now or wait, or dnt invest at all, he is busy get off his back.
1745  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS | 3 Exchanges | The first POS X11 Anonnymous wallet!! on: May 25, 2014, 01:20:21 PM
ignore everything here. release it tonight.  good working!

You can't even construct a proper sentence, why would a highly skilled developer even listen to you? What a waste of space, even if your post only takes up several kilobytes it's not worth it.

why are you pushing this dev to give you whitepaper or something at this crucial stage.

i am not a native english speaking guy. but are you really feeling satisfied by mocking my english here?

when the wallet released, everything will be clear. the dev may have his own strategy.

so go fuck yourself, you stupid bully  
your English is fine, don't worry about him, he probably speaks one language, u speak multiple..do i need to say more  Wink
1746  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS | 3 Exchanges | The first POS X11 Anonnymous wallet!! on: May 25, 2014, 01:15:56 PM
I'd still like to see a whitepaper please, with proper citations. All legitimate anonymous coins have published whitepaper so far. Otherwise it may be considered a scam even though I like the fact that you real identity is known. It is not like shitcoindev etc just serial cloning existing technology.

Have you released other X11 coins before under any other names? Most x11 cloners at least provide links to Darkcoin and cite Evan. He has a real identity too, at least show some courtesy.

It's less about identity and more about facts.

Here his statement is vague and could mean anything.

What concepts is he referring to? What is removed? How will being on tor mask the network transactions?

It sounds like the developer doesn't even know what he's talking about.
sounds like you dn't know what your talking about this is what his resme says
Technology Visionary with over 20 years designing and developing cutting edge technology solutions across multi-vendor software and hardware platforms, having designed, coded and deployed advanced infrastructure solutions



Developed Robust Outdoor/Indoor IP over RF Mesh network for Marine and Mobile Network Deployments - Largest Mobile Mesh network in the US, first deployed back in 2005

Specialties: Extensive Wireless & IP over RF/Mesh
Extensive Privde Cloud Design and Deployment experience
Extensive HA Design and Engineering experience - Redundant Storage, Networking, & Application experience
Extensive Linux & VoIP/SIP
Extensive Programming, C, C++, Pascal, VB, & assembly code
Extensive Asterisks
Extensive Cisco
Extensive Firewalls/IDS/IPS
Extensive WAN
Extensive LAN
Extensive ESX/XEN
Extensive SAN/FIBER
Extensive Diskless Boot (SAN & PXE)
and he doesn't know what he is doing lol
1747  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 04:12:58 PM
yeah i think i was wrong when i said this could be the next DRK....i think i was also wrong when i said this could be the next LTC....this is the next BTC...who knows how big the market cap could get?? so 17 million coins ain't so bad when the market cap has the potential of billions, i have another investment that looks like it's going to pay off soon, and i plan on putting between 40 and 50k into this coin, very excited about our future
1748  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 03:40:55 PM
I am going to stop arguing for reduction of coins or a largely extended PoW period.  I feel that very solid arguments are on the table and the dev is capable of making his own decisions, of which I support no matter what.  I mean, seriously.  actsecure is Dan Metcalf -- hes a legendary C programmer, probably better than every dev of every alt coin combined.

That being said, while he may be an expert in coding.  I am a financial analyst with a degree in finance & economics.  He may know how to create a coin (and probably one better than anyone else), but I know how to read markets and perform coin valuations.
we tried lol but we are in good hands.
1749  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 03:27:47 PM


I wanted to provide some details on the original design and code in regards to POW and POS.  The original intent was that POS would provide a reduction in POW blocks, reducing the total POW mined coins.. as stake weight increases - POW blocks decrease thus reducing daily POW coins..... the concept was that by staking, your protecting your investment and also making POW less profitable by up to 50%... none of the "profit" calculators take this into consideration...  


so for everybody who wants less POW coins - start staking NOW.. coins on exchanges don't stake...but I specifically chose an 8hour stake time so you could pull coins into wallet nightly for staking


BUMP

This is pointless.  Cinni has a higher PoS of 3.5% and they have only minted 12,965 PoS coins in the last 6 weeks (since creation).  So, we are going to rush to staking so we can reduce the supply by around 100,000 coins max at the end of 2 months PoW (rough estimate)?  That won't solve any of the distribution issues.

reward is so huge and dumping come quickly.

we are at crucial stage!

if succeed, we will among top 10; if we get dumped like this, other coins with "ANON" will replace us.

Battbot, please convince dev to work out a constructive plan.

i see a bright future in vision of security/cloud computing/mobility.

but at this stage, we have to make sure deliver X-MODE on time and make decision on  supply mode!

+1
1750  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 02:44:49 PM
I have yet to hear one solid argument or reasoning from the camp that proposes nothing be changed to XC's code.  All I hear from this camp are personal insults -- how can they be taken seriously then?  I for one do not take anything they have to say seriously.

Besides insults, they make the argument that "This is the dev's original plan" -- Are you serious?  This is an argument?  Businesses in the real world adapt to meet the demands of competitive markets all the time.  If a potential superior business plan is proposed by one of the team, it would only be ignorance and poor management to not give it serious consideration.  And good businesses listen to the ideas and innovations of their employees.  All of this is the same for any alt coin. 

Other than this, they make the argument that "The coin will be successful no matter what" -- The argument was never that XC would NOT be successful.  I have repeatedly stated that they will be successful if they deliver anon tech. The argument however, is that XC's success and longevity will be optimized if they change the mining phase to either reduce total supply (by reducing PoW mining phase/rewards) or if they extend PoW mining for years (by greatly reducing block rewards).

Again:  The main problem with XC is that 75% of the total coin supply will be minted in a 2 month period AFTER it's biggest selling point has already been delivered.  This is what I am proposing needs to be addressed by either of the options above.

Either the 75% supply # needs to be reduced with a shorter PoW phase, or it can stay the same but have a PoW phase that is extended to years with reduce block rewards.  One of these should happen if you want to protect and ensure the highest chance of longevity for this coin.


We need more data analytic's on the blockchain and current POS/POW blocks...  but I would be interested in getting some details on people who are staking, and their current stake weight stats...
i love this coin, and trust ur decision, i do wish the reward blocks or something was reduced so mining could continue and or less coins entered the market as quickly as planned, i would love to see this coin under btc were ltc is now, and i believe you can do this, yes i want my investment to be worth as much as possible, but your the boss, and i respect your decision, thanks for this awesome crypto, and my chance to be apart of it. i fell like i just bought btc at $1 again, never thought i would get that opportunity again  Cheesy
1751  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 02:01:40 PM
i'm not greedy so stop saying it..
1752  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QCN] QuazarCoin | Privacy&Data protection | CPU only | Optimized miner on: May 24, 2014, 12:13:59 PM
Why is this coin trading at MRO prices? The dev just copies MRO everytime they update lol.
I bet your nickname in the troll box of polo is godofcoins am i wrong?
1753  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 09:21:25 AM
Ya -- I really cannot stress enough how necessary it is to reduce total supply and PoW phase.  Can't sleep because my mind is all worked up about this.  I want what is best for the longevity of this coin.  Just think about it:

If things remain unchanged -- what group will be holding the majority control on the price once anon features go live?  Will it be the miners (selling the price down) or investors  (buying the price up)?  It will be 100% be the miners holding majority control --> because 75% of all coins will be minted in 2 months (this is way too many coins way too soon) especially considering that XC's biggest selling point was already delivered two months ago (by that point in time).

Again, this would be somewhat of a different story if anon features released near or at the end of PoW phase (because the expectation would help sustain buyer confidence).  But it is not.  Anon feature is the "hot thing" right now, and the hype around it will only be suppressed as 25 million more XC flood the market in two months.  People buy on news and sell on fact.  Once anon feature (the news) is released, XC will have an extremely hard time increasing in value in light of 25m (75%) of the supply being minted and thrown into the market.  Two months of sell offs is a long time and will assuredly decrease buyer confidence.  

Not to mention, 2 months down the road, there will surely be another coin to be 100% PoS with anon features before we reach our 100% PoS stage.  It is crucial that XC becomes 100% PoS with anon feature before any other coin.

XC needs to reduce both total supply and PoW phase to help ensure healthy / constant buy pressure.  DRK reduced their block reward (and probably would have done more, had they been PoS), because they knew this move was necessary as they drew nearer to implementing darksend.  DRK team is really genius when it comes to creating market demand (for this reason and their requiring of 10,000 DRK taken off the market for each masternode).

This is exactly correct as veritasBS said:

Let me walk you through what will happen if the coin specs stay how they are currently:
1) There will be a big run in price when this PoS coin is the first to release the wallet.
2) We will get to a market cap of say 10 million.
3) There will be a fast decline in price but because this IS a coin with a quality dev and features, it will level off to some where around 6 million market cap.
4) Then 25 million more coins will come flooding in to the market over next 100 days. The price per coin will start a slow decline to 1/5 of where it was when it settled after the run.
5)The investors will only take so much loss and jump ship somewhere in the decline.
6) By the time PoW ends, you have many coins on the market with the EXACT same features so you no longer have an advantage.

The opportunity is NOW to make this a lasting coin. Use the advantage the dev has built to  make this the premier anon coin...anything else is poor management.


My Proposal:
10m coins (or less) and let PoW continue for another 1-2 weeks (1 is best) max with reduced block rewards.  

This will help allow for market cap growth, will help ensure XC is the first 100% PoS coin with anon tech, and will give time for an XC multipool to be set up and launched immediately when PoW ends.

Either this, or extend the PoW mining period years into the future with greatly reduced block rewards.  I think this is better than changing nothing (I still think that the first 100% PoS anon featured coin is this coins biggest selling point).  But if it remains the same --> yes, this coin will still be successful (if anon releases), but all I see is unnecessary value suppression for the future of this coin.



So true, I am sending this comment to the BTC devs immediately in hopes they cut off PoW supply and shift to PoS immediately.

If a coin has true value, it will rise.  End of story.  If the entire DRK rise is due to devs "creating market demand" as you put it (others would call it market manipulation, potato, potatoe), then the true value of DRK is not .025 BTC.

If alts need to resort to these types of tactics then maybe ::gasp:: the true value of virtually all alt coins is 0?

Yes, idiots buy the brand new coin to hit the market when the supply is low, and then, surprise surprise, price drops because they do not spend 2 minutes doing the math to figure out this coin is still in a stage of astronomical inflation.  That is an example of an unsavvy investor, not a poorly designed coin.

And what would be so wrong with miners controlling 75% of all the XC?  They invest money into the mining equipment, electricity, time, and ya know, keep the network of a PoW coin alive.

Miners mine the coins, investors buy them from the miners.  That's how it works.  If miners see no value in the alts they are mining, well yeah, they are gonna dump for BTC.  If there is value in the coin, they will mine and hold.  Why is it that miners getting more XC bothers you so much?  Could it be because your share of XC will be diluted, and the market won't be able to be controlled by a small group of market manipulators?

Maybe you are right though, it is true that a coin will rise faster and higher with a quick mining period to put the coins in the hands of as few people as possible.  It will rise as far as those manipulating the market will allow it to.  Until the giant red candle hits.  Hold on......lemme check CINNI price really quick.  YIKES!  Order books looking sickly.  Ya must have dumped at 38k satoshis huh?  Why didn't you apply your genius to "create market demand" for CINNI?  Oh, the market demand will be created with CINNI's innovative encrypted messaging system right?  I saw the little pictogram on twitter, it looks like something I would scrawl on a napkin to explain public key encryption to a 5 year old.  Innovation!
wow ur an asshole sorry but you just are..
1754  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AV]★★AVcoin★★[X11]★7day POW★30Gh/s★50%POS★Trading on ★Bittrex.com★ on: May 24, 2014, 08:44:18 AM
Developers hard work, AV is the next BC, beyond BC

Hopefully the Devs are working hard since AV can be huge.  Like I mentioned before.  AVcoin can be an undercover (low pro) Adult coin.  Unlike names like Sexcoin or Porncoin which you can not hide from if someone sees your wallet.  If someone like your girlfriend or wife sees your AVcoin wallet open and asks you "what is that"?  You can just say, "oh, it's audio video coin".  No harm, no foul.   Grin

LOGO:

Ok guys.  I found someone that is willing to accept both the Logo bounty and AV promo video bounty.  Now up to what we want.  Please give him some ideas on how the logo should be.  I say, something clean and sharp.  Possibly, black and green and a style similar to the Blackcoin logo.  And since we're a low pro adult coin. Nothing perverted, no sexual position pictures etc.  Just post your ideas.


VIDEO:

Now for the video.  Please post which porn stars you'd like to see in the video.  Try to limit yourself to 1 or 2.  I'll try to get him to satisfy everyone but don't want like 100 different ones in the video.  Keep it short but interesting! 1 or 2 minute "quickie" video. Also, post your ideas of how the video should be.  For sure, they'll be no nudity.  Only face shots or bikini shots.  Moaning is allowed. lol  Ok. I will start the list with:

1. Tia Tanaka 

BTW Dev.  If you are satisfied with the logo and video. Or if revisions are made. Please considering tipping the logo/video creator.  He is a professional and is a supporter of AVcoin.  Thank you.   
veronica rodriguz  Tongue drool...
1755  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 08:40:57 AM
I come to implore the dev to please reduce block reward ASAP.  Price has now only risen 5000% in 48 hours.  Multipool dumping is stifling growth.  I require 50000% growth within first week before I can dump and move on.

And....errrr....uhhhh.....I believe in this coin, long term growth, blah blah.
what's the price now?
he was being sarcastic and indicating we are all money hungry selfish low life's, just because we don't want 17million+ coins to saturate the market in the next 3 months, i think it would be a great idea to lower block rewards to extend mining for years to come like DRK or btc, but apparently that makes me greedy..

When did I ever claim to NOT be money hungry and selfish?  I have no problem with pumping and dumping scam coins.  I wasn't here in the really early days of BTC, so pump and dumps are a major source of my BTC intake.

Just annoyed with all the BS and convoluted reasoning as to why abruptly stopping PoW mining, or significantly reducing coin supply, is so good for the health of the coin, if this is supposedly more than just a pump and dump.

OH NO, I AM 100% IN THIS FOR THE LONG TERM, BIG BELIEVER IN XC!  IT IS GOOD FOR THE COINS TO BE CUT OFF, TOO MANY FLOODING THE MARKET!  Oh, why yes, I do hold 250k XC I mined at low difficulty and bought at crazy low prices before an anonymous wallet was announced, why do you ask?  IGNORE MY MASSIVE STASH OF COINS!  THAT HAS NOTHING TO DO WITH IT!

I mean, seriously, some of you are fighting for this so hard I think you are all starting to believe your own bullshit.

Now extending the PoW for years to come is an idea I would be more able to get behind.  I have never been a fan of these quick mining period PoS coins.  And yes (in anticipation of newbie and jr member responses), 3 months is still a VERY fast mining period.

To achieve this though, a hard fork would need to be implemented very quickly to avoid needing to abruptly drop the block reward ridiculously low.

At this point, any change in the reward scheme is going to put a stain on XC and IMO is not worth it LONG TERM.  Yes, short term it slows down the pump and dump, sorry!
congrads on the 250k lucky man, i hope we can come to a agreement, i just want to get on with everyone to be honest, i think reducing the block rewards is the way to go, miners can keep mining, and investors will see a nice stable investment, win win and it won't require a hard fork, drk did simaler and they are doing fine, it will hurt us more to not do it, but anyway, congrads on the 250k that's a great amount to hold, hope you get rich.

I don't hold 250k, I was mocking all the pump and dumpers in this thread.
nice man...thanks for accepting the peace offering i was trying to make.
1756  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 07:49:46 AM
but the mining period is over in 100 days, were in that 100days 17 million + coins will hit the market and we are trying to get the mining extended to something like drk or btc were it's mined over years to help keep a stable price.

that's will be great!
i agree  Wink
1757  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 07:40:58 AM
I come to implore the dev to please reduce block reward ASAP.  Price has now only risen 5000% in 48 hours.  Multipool dumping is stifling growth.  I require 50000% growth within first week before I can dump and move on.

And....errrr....uhhhh.....I believe in this coin, long term growth, blah blah.
what's the price now?
he was being sarcastic and indicating we are all money hungry selfish low life's, just because we don't want 17million+ coins to saturate the market in the next 3 months, i think it would be a great idea to lower block rewards to extend mining for years to come like DRK or btc, but apparently that makes me greedy..

When did I ever claim to NOT be money hungry and selfish?  I have no problem with pumping and dumping scam coins.  I wasn't here in the really early days of BTC, so pump and dumps are a major source of my BTC intake.

Just annoyed with all the BS and convoluted reasoning as to why abruptly stopping PoW mining, or significantly reducing coin supply, is so good for the health of the coin, if this is supposedly more than just a pump and dump.

OH NO, I AM 100% IN THIS FOR THE LONG TERM, BIG BELIEVER IN XC!  IT IS GOOD FOR THE COINS TO BE CUT OFF, TOO MANY FLOODING THE MARKET!  Oh, why yes, I do hold 250k XC I mined at low difficulty and bought at crazy low prices before an anonymous wallet was announced, why do you ask?  IGNORE MY MASSIVE STASH OF COINS!  THAT HAS NOTHING TO DO WITH IT!

I mean, seriously, some of you are fighting for this so hard I think you are all starting to believe your own bullshit.

Now extending the PoW for years to come is an idea I would be more able to get behind.  I have never been a fan of these quick mining period PoS coins.  And yes (in anticipation of newbie and jr member responses), 3 months is still a VERY fast mining period.

To achieve this though, a hard fork would need to be implemented very quickly to avoid needing to abruptly drop the block reward ridiculously low.

At this point, any change in the reward scheme is going to put a stain on XC and IMO is not worth it LONG TERM.  Yes, short term it slows down the pump and dump, sorry!
congrads on the 250k lucky man, i hope we can come to a agreement, i just want to get on with everyone to be honest, i think reducing the block rewards is the way to go, miners can keep mining, and investors will see a nice stable investment, win win and it won't require a hard fork, drk did simaler and they are doing fine, it will hurt us more to not do it, but anyway, congrads on the 250k that's a great amount to hold, hope you get rich.
1758  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 07:29:42 AM
but the mining period is over in 100 days, were in that 100days 17 million + coins will hit the market and we are trying to get the mining extended to something like drk or btc were it's mined over years to help keep a stable price.
1759  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 07:24:29 AM
it is rumored to be  a cross between zerocoin and darkcoin annon features, it will be the first annon coin with pos, and the the first coin with android wallet with working pos, the DEV is keeping the details to himself but there is a teamview session coming up soon. there will be master nodes like dark, but the dev is improving on the idea for added security, i wish i could answer your question more, but we just have to wait.
1760  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC] -POW & 3.33% POS - no IPO| 3 Exchanges | Anonymous Wallet Coming Soon on: May 24, 2014, 07:05:02 AM
So what is this coin doing that Darkcoin already hasn't done?
lots of stuff read the forum, it's all here you just need to read it
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