Eventually it could be possible to see a sort of consumer union of people who buy things through a trusted address that has enough of a reputation that businesses are willing to accept these escrowed funds and abide by the agreed upon policies. It would be a long time from now though. We're still in the merchant adoption stage and this I think is something that would happen post-merchant adoption. When the advantage merchants have over consumers is too great and the consumers can leverage their buying power as a group to effectively buy protection from unethical business practices. It will be interesting to see if this happens or not. Since something like this is precisely what consumers should be doing when operating in a free market economy. |
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This could be huge for bitcoin. I wonder how much of this is already priced into the market at this point. Maybe it's not really priced in yet since it's not clear how popular this will be.
Either way, to me this is one of the most exciting things to happen to BTC in a very long time.
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Awesome.
Now make it into a wallpaper.
f**k it, i got bored  The big one should be 51% of the total.  Or alternatively you could redo the background and change the logos to: "Ghash.io: The Revolution Will Be Centralised. But Don't Worry, You Can Trust Us." |
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This is good for the other features it has, except it would be nice to have an option to turn off Tor or I2P, since both are likely to be honeypots.
The only sure way to obfuscate your IP address is to use an IP address that isn't registered to you.
Do you happen to know anything about triangulation of someones location when connecting through a mobile internet connection? If you had an anonymous sim in a phone or dongle with a data plan, if a company wanted to track you via your ip -> mobile provider -> signal location, is this feasible or even acceptable at all for anonymity? |
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Cute, but you know its designed to be, the blockchain, its practically built right in. A bit of code updates, some legislature and any crypto can have its block chain controlled and monitored. Most of you don't see it, or refuse to, but the only way its going to survive is through centralization. It will make it safe too. The tracking will be used to eradicate it being used for criminal enterprise. Anarchists and tax dodgers won't have their escape routes. Thieves and scammers will be tracked and victims getting their money returned.
It's brilliant really, even for businesses. Since its all tracked and taxed automatically. Businesses can enter contracts with the government for purchase information, so like if you buy cigarettes or fast food, your health insurance will increase. Or if you don't get regular maintenance on your car, your vehicle insurance goes up. All automated, its perfect for business. Your kids buy porn, and it automatically gets reported to you.
There will be a tax for all that of course, and since the automated taxing is a service you will be charged for that too, a tax-tax, if you will. The business opportunities are amazing.
Centralization is the key to a long lasting crypto.
That's why I think governments should start their own cryptos or something similar. Leave bitcoin alone, but they should be exploring what they can do in this arena. |
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"IPO is not a way to distribute currency" is just an opinion.
No, it's not just an opinion. The person that runs the IPO can create as many fake accounts as they want, send in 10 BTC with all of them, get 90% of the coin issued, then all the BTC money goes back to himself anyway. So the coin issuer not only gets as much premine as he wants, but also profits from anyone else that sends him money. You couldn't invest in a more idiotic scam no matter how hard you try. The only valid form of IPO is maybe proof of burn like Counterparty did. What if all the money from the IPO was accounted for in spending on coin related costs? Why would that not be fair? In this case the money is not just going back in the devs pockets, and if any of it is going his pockets it's a specific known amount outlined in the IPO contract. |
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Snowdens twleve minute video made perfect sense to me Just follow his tutorial and get it done http://vimeo.com/56881481That said a simple application to do this is a killer app  This is file encryption that does more with less What we need in a tech world is simple easy to use apps that are safe and secure to use a good philosophy in my opinion. @didn't know about Krytokit how is it for a newbie user? It's good. Really easy to use imo. Make a public key, send it to the person, and then type a message and then encrypt it and send it. Or save someones key and easily decrypt their messages. It also doubles as a bitcoin wallet/price tracker/news stream/shopping directory. Not much to dislike about it. It's good, the only issue would be the trust factor but it's supported by some well known people in the community so it's probably ok. |
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You really think there will be enough discussion to warrant a whole subforum? I'm not against it and I think it would be cool, but I just can't picture it being very active. But hopefully I'm wrong.
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Path of Exile is pretty refreshing. I haven't had too much time to play with it, but it looks like they really did do away with a "main" gold-like currency pretty well. I've played with a few others trying to do away with a main currency and they always felt very restrictive, but PoE does more of a hybrid system than completely doing away with "normal currency." The crafting/selling hybrid system is totally unique, too, AFAIK. Haven't cracked into much of the game, though - haven't found a rare item or map mod, yet.
Pleased that the skill tree is completely overwhelming at first glance. Nice to be able to sit back and study something again, restudying it over and over as I progress and want to work with the items and gems I have without everything being intuitive and obvious. Multiplayer being very clearly opt-in is nice, too, though I'd guess it's necessary on highest difficulties (did first roll on Ambush to get working knowledge of game).
I wouldn't say multiplayer is ever necessary really. It will get too hard for a lot of builds at some point, but if you're intent on progressing further in maps or on to Atrizi you can always respec your character to a build that's better. But everything is definitely meant to be soloable and all of the end game content is done solo often. It's still really hard though and 99.9% of people will never get to the very end game. In general though it's all about using knowledge of the game to gear up and build properly for the end game. Defense is critical in PoE. It's a game that is constantly trying to kill you when you're not paying attention. I too like the fact that you can just play solo without being forced to group. The only time grouping really makes sense is when you're trying to move up the ladder of maps, since you'll get a higher quantity of maps dropping when you're in a group and 6 people can run one map so it cuts your map rolling costs by 5/6ths(you use the currency to roll mods on high level maps, it gets very pricy). Or I guess if you get stuck on a boss or something you're just a couple of clicks away from joining a group. In hardcore it's safer so people definitely tend to group up for the big bosses. Just read that the next mini-expansion is coming in August so I'll be sure to get back on for the new leagues. PoE is like the type of game you can end up playing for years. |
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What could possibly be the rationale for holding litecoin in the year 2014?
Whales who got them for a few cents or mined them in the early days could still be holding them, simply because they have too many of them and can't sell all at once because the market is too thin, so they are selling them off gradually. Now, who is buying - that's the question. What happened with litecoin is pretty interesting. I was loaded with litecoin before the last bubble, but ended up selling too early to profit immensely. If you look at the graph, LTC was around 0.007 and the majority opinion at the time was that litecoin was dead. But then Max Keiser came along out of nowhere and announced a target of $50. Immediately afterwards the price spiked. A few days later, Karl Gray announced $50 target on his twitter.  Now who is Karl Gray? It's not just anybody. In fact Karl Gray holds approximately 100 000 BTC. And he wants more, he was one of the sellers during our latest BTC rise to $1k ++ and subsequent drop. He has already bought back at massive profit. Max Keiser is no minor btc player either, with 5-digit worth of BTC in his holdings. It seems pretty likely that Max and Karl accumulated litecoin near the bottom only to hype and pump it up massively to sell out for 3-5x return on their investment. All the sheeps bought and are now holding the bag. Why litecoin? Liquidity. These guys own 5 and 6 digits amount of BTC. They need massive liquidity to increase their holdings by any significant degree. And as such litecoin has been a blessing. Will history repeat itself? That's the question. It honestly would not surprise me at all. Due to this I will be looking at LTC again sub 0.01. I don't believe in LTC, but I'd certainly ride along for such a massive pump if I can. There is ofc the risk that I'll be going down with a sinking ship, so I have no hurry and will only consider prices below 0.01, anything else is too much atm. It's important to buy when there is blood in the street. The current decline is painful but we need a lot more despair and people to lose faith before it's a good buying opportunity. Yeah, if you can find a good trade like that where you think have a good chance at making profit it could be good. Litecoin seems to be in the process of fully decoupling itself from bitcoin, but when bitcoin gets another bubble going all the alts including ltc will be going up likely. Especially if we get big names attempting to pump it like you said. Now that you mention that I'll definitely be on the lookout for that litecoin pump and dump trade if Max or Karl Grey attempt to do it again. Thanks for the post. But buying and holding for the long term seems like a bad idea. The future looks bleak for Litecoin. |
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logo designMymenace has kindly responded and asked for the following information in order to design a logo for the project: - currency symbol
- symbol type design (instead of a letter or currency symbol)
- color that would be best (purple is unique at the moment and represents royalty)
I will think on this, if anybody else has any input please feel free to offer it up. Perhaps you can think of some words that you feel you want to be represented in the logo. Like secure, long term ect. Things like that maybe? If there's a message you want to convey with the logo then that might help. Modern or classic style? Old world currency influence or modern design trend? |
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Now everyone cryies that LTC is so bad.
why LTCoins were successful in this case?
Well, probably because Litecoin was released in 2011 during a period of time when every altcoin was a scam other than namecoin(which was cool, but not regarded as a real alternative to bitcoin). Right place, right time(3 years ago). It's 2014 now and it's pretty clear that there is very little will on the part of the Litecoin developers to complete in the modern cryptocurrency market. Thus we get to watch the inevitable demise. Sad days.  |
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I signed up for a stake on the website a couple of days ago and I forgot to post in the ID thread with my forum account and I see it's now locked. Am I screwed? Did I miss it?
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Given how mining work for bitcoin, I do not think the price will stable.
It has to keep going up so miners can have "profit" in either profit or transaction fee.
Well, it can still go up and be relatively stable as well. |
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I haven't seen any reasonable argument for holding litecoin in a very long time. I think anyone who is still holding LTC is insane at this point. There's probably 5 or more alts that have at least a chance at gaining a chunk of the market. Those LTC could be sold and put in to pretty much any promising coin and have a vastly better chance at actually making money.
What could possibly be the rationale for holding litecoin in the year 2014?
To make things even worse, I have a feeling that many of LTC holders are using DRK as a life vest, buying it at unreasonable peak. They will end up with another heavy bag. Yeah. Personally I wouldn't buy DRK. But if anyone one has any arguments for buying DRK I'd be interested in hearing them. |
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I haven't seen any reasonable argument for holding litecoin in a very long time. I think anyone who is still holding LTC is insane at this point. There's probably 5 or more alts that have at least a chance at gaining a chunk of the market. Those LTC could be sold and put in to pretty much any promising coin and have a vastly better chance at actually making money.
What could possibly be the rationale for holding litecoin in the year 2014?
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Any Mafia fans here? I'm waiting for Mafia III for years Did you see that video on youtube comparing Mafia II to Watch_Dogs graphically? With Mafia II having more detail even though it was made like 12 years ago? Here it is if not: http://www.youtube.com/watch?v=S5t0_WVinF8Pretty funny. |
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NEWS FLASH: Minerals may have some competition in the betting world as well as the in wallet betting features. This is why out dev needs to make sure his betting software is right the first time, and will be seen as the leader in this concept. No room for errors, others will be nipping at out heels. Launched: https://bitcointalk.org/index.php?topic=672109.0In case no one has paid any attention to this coin Minerals is about betting not biting!!! |
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This entire field of crypto currency is fresh, oh so fresh. Sure, there will be a lot of losers just like tens (or hundreds) of computer variants died in the '70s. But first, there will be hype. A real hype.
Enough to think about wagering a bet on some Altcoins. An asymmetric bet with potential high reward.
I'd take on a bet like that. I also agree, that we are very new in the crypto currency field. Bitcoin only got really noticed in 2012, before that only a handful of people knew about it. Uh, there was the whole spike to $35 in June of 2011 and the Federal Inquiry into Silk Road in September of 2011. If anything, there was less aggregate attention to Bitcoin in 2012 than 2011. Anyhow, I digress, I do agree that the crypto-currency paradigm is still quite young and that there is a lot of untapped potential. The difference is that crypto-currencies haven't pushed into the mainstream collective like computers of the '70s. In one sense, we can say that the amount of dilution in this scene is either premature or we'll be in for a hell of a ride in a few years. Yeah for sure. In 2011 there was lots of attention for bitcoin. The original $30+ bubble was big news. The emergence of SR had congress people making public statements against bitcoin and everything. It was a hot topic. 2010 is where bitcoin was semi unknown. If you were on the internet at that time reading forums and such you might come across the odd mention of the white paper or the pizza purchase, but other than that there was very little about bitcoin being circulated. In 2010 I thought bitcoin was a cool idea but not much more than that. By 2011 it was "Wow! This is the real deal." and I'd imagine that the vast majority of people in the western world who were tuned in to modern media sources had heard of bitcoin. in 2012 things really cooled off. The only things I really remember happening of the top of my head was Satoshidice and the pirateat40 scandal. The pirate thing did get some mainstream media exposure due to the amount of money involved. But it was a slow year otherwise. |
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