Coiner1 - You are a genius!
He sure the hell is! Look how he MADE me take his idea to the nth degree. He's a genius! |
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Donate to make it go up. Somebody else has to donate to make it go down. How about 200+ flags, one for each country? Again, pay for it to fly, or pay for it to come down. Next, a fan so others can adjust the wind speed for the next 5 minutes to wave the up flags. Next, a recording of a barking dog, whereupon others may pay to have a second dog barking or make one of them stop. Get the picture? Soon, you'll have an entire room full of various types of apparatuses, each accepting payment towards for the pleasure of seeing them run. Genius! Edit: Sport team flags just came to mind. Think college kids spending mom and dad's money to see their colors fly. But, you better hurry before some rouge college beats you to the punch.  |
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"I have a lot of friends who are programmers. The programmers have always gone like, "Those [Bitcoin] guys are crazy." And then, almost 100 percent of the time, they sit down, read the paper, read the code — it takes them a couple weeks -- and they come out the other side. And they're like: "Oh my god, this is it. This is the big breakthrough. This is the thing we've been waiting for. He solved all the problems. Whoever he is should get the Nobel prize -- he's a genius. This is the thing! This is the distributed trust network that the Internet always needed and never had." So, one of the challenges is you take people who aren't professional programmers or mathematicians and then you expect them to understand it from a standing start. And it's daunting. And so then it gets a word attached to it, like "currency" or whatever you want to call it, and then people think that it is something it isn't. And you have a sense of this, but it's a much deeper concept than currency. It's the idea of distributed trust." —Marc Andreessen (in conversation with Brian Fung) Source: http://www.washingtonpost.com/blogs/the-switch/wp/2014/05/21/marc-andreessen-in-20-years-well-talk-about-bitcoin-like-we-talk-about-the-internet-today/Bitcoin Jesus, meet Coinhead.  |
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Giveaway threads are not allowedI've just realized that there's no rule/sticky stating that a thread can't be created for the sole purpose of others to simply post their altcoin addresses with the intent of having the garden hose hooked up to new altcoins directed toward them. Think reverse facet. Let's see how this pans out, shalt we? Ideally, if one does get coins via this method, kindly proclaim such and thank the alt you believe sent the coins so that others can follow suit in hopes of also garnering some micro-alts. Obviously, the onus would be on the creators/admins of the altcoins to take the time to weed through this thread when they're inclined to spray their new supporters. To be clear, this is not a "Giveaway Thread", but rather a 'takeaway' one, so to speak. Let the shower begin! PS: In the spirit of Josh's dialog with theymos asking permission to conduct the 'trust' experiment, I, too, spoke with theymos and received his blessing to pen this thread. 
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Hopefully people catch on soon.
I can't wait for the first announcement that a school is mining. Can you imagine if a school made a coin and got mining rigs for the library and rented them out to students that wanted to earn some extra money.
It would CHANGE the Crypto scene completely. There would be teachers and students from all over the country coming to ask questions. And, it WILL happen, once a formidable niche, of which I'm developing to get them masses on board comes to fruition. When entities such as schools see it done elsewhere, with an entry learning curve minimized, the skies the limit. "Shaka, when the walls fell." is no longer an option unless one chooses it to be. EDIT: A wise man once said... I suggest we both get outta each other's head, otherwise others are going to accuse us of being each other's sockpuppet. |
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The reason to make a new one is because there is meant to be an ecosystem.
Coins are not there for new people to find and mine, coins are there to trade for one another and support bitcoin.
NEW coins made (by you) are for you and your friends to mine, or for your school to mine, or for your team to mine, or for your WoW clan to mine, or whatever.
Then those coins are to be traded for other coins and used to support Bitcoin [and formidable altcoins].
 Hence, developing a whole slew of altcoins, treated as commodities, not currency, specifically for one niche comprised of myriad brands, most all desiring to augment their current revenue stream, with them and their countless followers doing most the sneezing for each individual alt. No pump-and-dumps. No bots. No other negative attributes contributed to current altcoins, with hopes of not creating new negs in the process. And, the beauty part of it is that holders of one brand's alts will be willing and able to readily trade for another on one dedicated exchange, with some altcoins breaking out to be traded on one or more of the current venerable exchanges after reaching some threshold, but pulled if they start to underperform, yet will always be available on our niche's exchange unless the notable backing an alt using their brand decides to pull the plug, in which case there'll be literally tens of thousands more altcoins to fill that void. For you guys having strong opinions on the hundreds of altcoins now, wait till this time next year when you witness thousands, and that's just tickling the surface of what's yet to come, especially when the plan is to send permission-based marketing emails to subscribers consisting of copy akin to... The line it is drawn
The curse it is cast
The slow one now
Will later be fast
As the present now
Will later be past
The order is
Rapidly fadin'
And the first one now
Will later be last
For the times they are a-changin' |
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I have contacted the Dev to find out more information on NXT, This highly UP trended value. I will be rating this cyrpto soon http://cryptoanalytics.trade/I don't know who cryptoanalytics are, looks like a new start up, but they seem to like us  I took it upon myself to correspond with him and answer questions. I suppose he liked the answers. Spot the - Ooopps...... http://cryptoanalytics.trade/analyst-ratings/The "CLICK ON RATING" option isn't functioning properly. |
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Don't forget the April Fools (2013) Luke Unit shipped before the deadline, whereupon Luke uploaded pics provided by Josh of the rig still at BFL's facility as proof of delivery.
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R, make sure you don't comment on this post!http://www.digitalgoldfoundries.com/gethopegoldcoins/content/1-x-1au-coin-hologramhttp://www.digitalgoldfoundries.com/https://www.linkedin.com/in/kippgroseEveryone one of the following is involved with HG.  http://www.kippgrose.com/sites/default/files/Kipp_Grose_Resume.pdf2000 - 2003 Charity.ca / Sentient Inc.
4950 Yonge Street, Suite 150 https://who.godaddy.com/whoisstd.aspx?domain=digitalgoldfoundries.com&prog_id=GoDaddyDomain Name: DIGITALGOLDFOUNDRIES.COM
Registry Domain ID: 1855871927_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Update Date: 2014-04-23T17:43:13Z
Creation Date: 2014-04-23T17:43:13Z
Registrar Registration Expiration Date: 2015-04-23T17:43:13Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email: abuse@godaddy.com
Registrar Abuse Contact Phone: +1.480-624-2505
Domain Status: clientTransferProhibited http://www.icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited http://www.icann.org/epp#clientUpdateProhibited
Domain Status: clientRenewProhibited http://www.icann.org/epp#clientRenewProhibited
Domain Status: clientDeleteProhibited http://www.icann.org/epp#clientDeleteProhibited
Registry Registrant ID:
Registrant Name: Kipp Grose
Registrant Organization:
Registrant Street: 2348 Lasalle BLVD
Registrant City: Sudbury
Registrant State/Province:
Registrant Postal Code: P3A 2B1
Registrant Country: Afghanistan
Registrant Phone: +1.7055245355
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: d3functi0nal@gmail.com
Registry Admin ID:
Admin Name: Kipp Grose
Admin Organization:
Admin Street: 2348 Lasalle BLVD
Admin City: Sudbury
Admin State/Province:
Admin Postal Code: P3A 2B1
Admin Country: Afghanistan
Admin Phone: +1.7055245355
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: d3functi0nal@gmail.com
Registry Tech ID:
Tech Name: Kipp Grose
Tech Organization:
Tech Street: 2348 Lasalle BLVD
Tech City: Sudbury
Tech State/Province:
Tech Postal Code: P3A 2B1
Tech Country: Afghanistan
Tech Phone: +1.7055245355
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: d3functi0nal@gmail.com
Name Server: NS23.DOMAINCONTROL.COM
Name Server: NS24.DOMAINCONTROL.COM
Looks like John Allen's been involved with "hope" charities for a while now: http://web.archive.org/web/20130625011432/http://thefestivalofhope.org/http://thefestivalofhope.org/Amazingly, he uses a free CMS: http://www.weebly.com/Looks like they're taking funds out of one charity they operate and fund another one of theirs: https://twitter.com/HOPEGoldCoin/status/576036936126611456 Looks like you already had the above, but maybe not my insight. Here's Peter Hsu: https://www.linkedin.com/pub/peter-hsu/84/600/5b8Let me dig here now after doing the prelims. Compare the following two Peter Hsus https://www.linkedin.com/pub/peter-hsu/0/221/85ahttp://web.archive.org/web/20091002134515/http://www.petehsu.com/
https://www.linkedin.com/pub/judith-jakubovics/82/6a0/3a2Edward Tydda (The Hologram Man) 6,000+ Top 1%
Executive Producer
Absolutely. Edward is a great leader, a great organizer, a great team manager.
Edward is the best thing that happened to Hope Gold Coin and The Festival of Hope. Without Edward these project could not happen.
Thank you Edward
November 23, 2014, Judith worked with Edward at The Festival of Hope Amazingly, the only thing searchable on ET's Linkedin page is the crypto related stuff: https://www.linkedin.com/profile/view?id=31195099&authType=name&authToken=ylNs Such a large bio with none of it searchable. He evens lies about when the The Festival of Hope was created. http://www.crowdfundinsider.com/2015/03/65236-rivetz-teams-up-with-omni-foundation-hope-gold-coin-to-enable-secure-e-commerce/^^^ Judith Jakubovics is mentioned in the above article, and she's the best candidate to find out more about Peter Hsu. Brook Pierce may be able to shed some light as well. There's a Peter Hsu (office) 2.2 miles due NE of his Santa Monica local, albeit a tad obscure. This is what I'm seeing: 
http://www.crowdfundinsider.com/2015/03/65236-rivetz-teams-up-with-omni-foundation-hope-gold-coin-to-enable-secure-e-commerce/ https://twitter.com/skswavehttp://web.archive.org/web/20140304090353/http://rivetz.com/Rivetz is developing an infrastructure for managing device identity, attributes and endpoint execution protection rooted in the crypto chips available in nearly all consumer computing devices. We bridge Trusted Computing’s broad investment in endpoint security with the explosive promise of digital transactions pioneered by Bitcoin and other valued digital relationships.
Tools and services from Rivetz enable networks, wallet providers, web services and others to bind into the existing security hardware of endpoint devices. Our partners enable an experience which is at once easier to use and far more trustworthy.
Partner with us to realize a more dependable and approachable services network. A billion devices have shipped with built-in security hardware. Millions more are committed in 2015. Rivetz brings years of experience and relationships to see through the transition to a modern network built around the device. Steven is part of http://factom.org/team as is Paul Snow. I have reasons to not trust Paul due to how last year's Austin's Bitcoin Conference went down. The dude who originally put that together had our first lunch together there in Atlanta with Jason King and another gentleman (his name alludes me). Judith sure does keep abreast of HG: https://twitter.com/JudithJakubovic/status/585465219851366400http://cryptobizmagazine.com/introducing-hope-gold-coin-the-festival-of-hope-and-the-master-protocol/By Judith Jakubovics -BizDev at the Mastercoin Foundation
Dear Masterminds,
I feel privileged and honored to be the first to introduce the Hope Gold Coin and The Festival of Hope.
What is the Festival of Hope?
The Festival of Hope is the largest live music and charity event in history.
100 charities globally, will benefit directly, tens of millions will get a hand up not a hand out. Enjoy the music, feel the love , be part of history of the largest charity and live music event. The events will start on Sep. 05,2015
The Festval of Hope is the largest live music and charity event. Just to compare, The Live Aid event (1985) had 16 hours whereas the Festival of Hope has more than 400 hours of live music
The Festival of Hope expects to raise at least 1 Billion US$
If you want to know more about The Festival of Hope please visit here:
http://www.thefestivalofhope.org/
What is Hope Gold Coin?
The Hope Gold Coin was born on the Master Protocol – see here
http://www.hopegoldcoin.org/links-2/partners.html
Hope Gold Coin is the overall sponsor of the festival of hope.
HOPE GOLD COIN IS THE MEANS of purchase to support charitable activities around the world.
The HOPE Gold Coin is a totally unique and innovative new crypto-currency with major advantages. It is backed by proven and probable gold reserves, and measured, indicated and inferred gold mineral resources, all validated, confirmed and certified crypto-currency to comply with KYC2 and AML3 policies. It is designed and structured to be a mainstream currency, financial instrument and commodity, and universal unit of exchange and means of purchase to support charitable activities around the world.
The HOPE Gold Coin is a peer-to-peer Internet currency that enables instant, near-zero-cost payments to anyone, anywhere in the world.
The HOPE Gold Coin is safe and uses a secure open source, global payment networking that is fully decentralized without any central authorities. The HOPE Gold Coin features faster transaction confirmation times and greater storage efficiency than leading math-based bitcoin currencies, and will be freely exchangeable into other crypto-currencies or its cash equivalent.
Through innovative minting and release algorithms, the HOPE Gold Coin network consumes far less energy, maintains stronger security and safety, provides higher levels of assurance, and rewards users in more sustainable ways than other crypto-currencies.
The HOPE Gold Coin is a powerful entrant and participant in a disruptive technology that has the potential to transform the global financial services industry. It is unique in its purpose to benefit society and in its ability to raise the standard of living and quality of life for all by actively supporting the aspirational missions of a broad spectrum of charities, foundations and non-profit entities dedicated to addressing universal social, environmental, health, food, economic and similar problems that impact the lives of people worldwide. Through decentralized cryptography, the HOPE Gold Coin eliminates the need for banking intermediaries while significantly lowering transaction costs, potentially liberating poverty stricken economies around the globe by providing access to capital to the one-third of humanity that now has no access to financial services.
Market Opportunity As people grow more open to new ways of paying, there is a rise in the ubiquity and legitimacy of virtual currencies. The most prominent of these currently is Bitcoin, a peer-to-peer digital currency that has been called ‘potentially world-
changing’ by eminent cryptographers. However, Bitcoin’s reputation for price volatility, security questions, and concern for facilitating illicit activities are all issues the Bitcoin community must resolve before cryptographic currencies like Bitcoin can go main stream as universally accepted digital currency. That process is well underway. Virtual currencies like Bitcoin are gaining a real-world presence and prominence as they become more accepted as a unit of exchange and means to purchase. But there is still room for significant improvement, which represents a real opportunity for the HOPE Gold Coin.
With surging interest from prominent investors and growing acceptance from governments, regulators, merchants, customers and the general public, there is a burgeoning market and increasing customer demand for virtual currencies.
This is especially true for a superior, stable, safe and secure crypto-currency that enjoys major points of differentiation and distinct competitive advantages and benefits, that is also freely transferable as a unit of exchange and means to purchase.
There is a much larger potential market for a stable, safe and secure crypto-currency with an intrinsic value backed by gold reserves and resources, and insurable against loss due to theft or negligence that allows more transparent transactions, is freely transferable to other currencies and resistant to radical price fluctuations, as well as
that resolves market and government regulatory concerns about the ramifications and consequences of the myriad illicit and trust related activities benefit directly
If you want to know more about the Hope Gold Coin and The Festival of Hope, please visit here:
http://www.hopegoldcoin.org/
http://www.thefestivalofhope.org/
Great things are happening to the Master Protocol
Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org and on Skype: Judith.Jakubovics
Why does Corrado De Gasperis spell his name differently on his Linkedin page, as well as a dude giving him cred? https://www.linkedin.com/pub/corrado-degasperis/3/766/816Corrado DeGasperis
President & CEO, Director at Comstock Mining Inc.
Virginia City, NevadaMining & Metals charles kirkness owner\operator
Charles is one of the most dedicated, supportive and safe professionals I have had the pleasure of working with. He and KB drilling run a high quality, safe core drilling operation. His commitment to quality, integrity and community are second to none. Corrado DeGasperis
March 23, 2015, Corrado managed charles at kb drilling co. inc. http://www.bloomberg.com/research/stocks/people/person.asp?personId=163571&ticker=LODEMr. Corrado De Gasperis has been the Chief Executive Officer and President of Goldspring, Inc since April 21, 2010. Mr. De Gasperis serves as the Principal Executive Officer, President, Principal Financial Officer, Principal Accounting Officer and Treasurer of Novamerican Steel U.S. Inc. He has been the Chief Executive Officer, President and Principal Financial Officer at Comstock Mining, Inc. from April 21, 2010 to February 2015. He has been the Chief Executive Officer of Novamerican Steel Holdings Inc. since 2006 and also serves as its Principal Financial Officer and Principal Accounting Officer. He served as Principal Financial Officer of Goldspring, Inc since April 21, 2010. Mr. De Gasperis has more than 20 years of manufacturing, metals and mining operational and financial management, construction project management, and capital markets experience to Company. He served as the Chief Executive Officer of Barzel Holdings, Inc. since April, 2006 and also served as Principal Financial Officer, Principal Accounting Officer. Mr. De Gasperis was the Founder of Barzel Industries Inc. (Formerly Novamerican Steel Inc., Symmetry Holdings Inc.) and served as its Chief Executive Officer since April 2006 and as its Interim Principal Accounting Officer since March 2009 until September 2009 and also served as its Principal Financial Officer until September 2009. He served as the Principal Accounting Officer of Novamerican Steel U.S. Inc. until July 15, 2008. He has been a Partner of KPMG LLP since July 1, 1998. He served as the Chief Executive Officer, President, Chief Financial Officer, Chief Accounting Officer and Treasurer at Nova Tube Indiana, LLC. From May 2001 to December 12, 2005, he served as Chief Financial Officer of GrafTech International Ltd., Chief Information Officer and Vice President from February 2000 to December 12, 2005 and also served as its Principal Accounting Officer. From May 2001 to December 2005, Mr. De Gasperis served as Chief Financial Officer of GrafTech Global Enterprises Inc. (formerly UCAR International, Inc.) and also served its Chief Information Officer and Vice President from February 2000 to December 12, 2005. He also served as Principal Accounting Officer of GrafTech Global Enterprises Inc. He served as Controller of UCAR International, Inc. from June 1998 to February 2000. From September 1987 to June 1998, he was with KPMG LLP, served as a Senior Assurance Manager in the Manufacturing, Retail and Distribution Practice, where he served clients such as General Electric Company, Union Carbide, E. Merck OHG, Eagle Electric Manufacturing Company, Playtex Products Inc., and Precision Valve Corporation. He has been an Independent Director of GBS Gold International Inc. since August 24, 2005. Mr. De Gasperis has been Director of Novamerican Steel Holdings Inc. since April 2006. He serves as Director of Novamerican Steel U.S. Inc. He has been a Director of Comstock Mining, Inc. since June 27, 2011. He served as Director of Barzel Industries Inc. from April 2006 to September 2009. He served as a Director of Barzel Holdings, Inc. since April, 2006. and Nova Tube Indiana, LLC. He served as a Director of Emerson Exploration Inc. since 2005. He is a Certified Public Accountant in the State of Conneticut. Mr. De Gasperis holds a Bachelor of Business Administration Degree, with Honors, from Western Connecticut State University's Ancell School of Business in May, 1987. In 2012, Comstock was mining what's supposed to be left in the ground: https://twitter.com/CDe_Gasperis/status/248434806889775106Our Comstock team is activating the entire production system making the first gold and silver pour imminent!! https://twitter.com/CDe_Gasperis/status/367092230118318082Tuesday, August 13, 2013. John Winfield, management management team and certain investors and advisors, will ring the NYSE Opening Bell.
It doesn't read to me that they're keeping the gold in the ground.
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Those Rai stones are interesting, and what I find peculiar is how everyone seems to think they "Carved" the stones out of Limestone. In fact, the majority of Large Stone formations like the Pyramids are believed to be carved out of solid rock.
Does this make sense? When Limestone is used to make concrete and can be formed easily?
Look at those Rai stones and the center hole is perfect while many of them are irregular shaped disks. If they were experts at carving stone then why would they make them so imperfect?
It's because they poured the concrete around a pole and it dried.
There is no evidence that they had concrete technology. A center hole is round if you drill. The stones themselves are the evidence. Concrete is made from Limestone and they quarried the limestone from the islands 400 miles away. Tell me these don't look like poured concrete slabs:  They don't. Besides, if they had concrete, then where are their ancient roads and office buildings? Building roads and office building take money and, as you can see, Yap was in short supply of currency, so they invented deflation instead. |
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I don't think you understand exactly what 'digital' means, however, I shall tell you:
Most likely, if the Internet wasn't alive, then it's not a digital currency. Thank you.
But, now that we have the internet, we can develop and promote digital Tally Sticks based on PoW: The more trees cut down, the more TS in circulation. Miners will be replaced with harvesters. As far as the TSBC (Tally Stick Block Chain) is concern, this...  |
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I was in contact with Bitmine yesterday by phone. They did answer within a couple minutes. I asked them about that when I'll receive my refund, they told me they'll answer me by e-mail after checking the schedule with their accountants. This is the reply I got: Kerim (Bitmine AG) Jun 30 15:08 Dear Mr. XXXX, as you may already be aware we are facing some difficulties to process all the refund requests we have received. With this e-mail we would like, first of all, to apologise for the delays you are facing and to thank you for the patience so far. Given your position in the refunds processing queue and our cash-flow projections, your refund is expected to be processed about on the first half of September, 2014. We understand this may be a long time to wait for, as such we would like to give you some alternative options that may be available in shorter time: 1) We may restore your order and send it to you with 100% more hashing power than the original order was. That is, if you ordered 1TH/s, you would get 2TH/s. Shipping would usually take place same day or day after we received confirmation from you, anyway not more than 5-7 days. 2) You may convert the amount we owe you (including the 10% penalty) into hosted mining contracts, which will be available from August 15th. More information is available at http://bitmine.ch/hosted-mining-plans-now-available-starting-1gh/Let us know if you are interested in exploring either of the alternative options, otherwise we kindly ask you to bear some more patience until your refund is processed. Best regards, Bitmine AG, Bitmine.ch and here is an earlier e-mail from Kerim Kerim (Bitmine AG)
Jun 02 16:58
Dear Mr. XXXX,
I am sorry to hear you weren't refunded. On the 27th of may I sent a note with a list of names including yours, reminding I got confirmation that those people received assurance that their payment would arrive within the 30th. On the 30th I sent another note, and only today I received confirmation that some of these people have been paid but for some reason you weren't. You may feel insulted to hear this again, but the only thing I can tell you is to bear some more patience until your payment arrives.
Best regards,
Bitmine AG, Bitmine.ch Now... Who has been in contact with Swiss lawyers already and could give me some prices and other details? You people probably forgot that Giorgio and Josh Zipkin of AMT are related (literally), didn't you? Must be nice to have miners for a 1P mining farm but no miners or refunds for the customers that built their brands. Josh, too, is selling hosting contracts and now has least a factory in China while Gieorgio will get one in Iceland. Mad yet? |
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Howdy folks!
Some of you may remember how I lost a lot of BTC by sending it to a scammer who was posing as Spondoolies Tech here on Bitcointalk. While I will never get those coins back, I wanted to share an update: Guy from Spondoolies looked into the situation and made a very generous offer to offset a large percentage of the loss. What kind of company sacrifices their profits on their extremely sought after machines to make a terrible situation better?
Spondoolies does.
While I cannot reveal the exact details I can assure you that it was the kindest thing a company has ever done for me. They didn't have to do anything at all, as it was my fault for sending the coin to some scammer. But they helped me tremendously and that kind of compassion for customers is very rare. When I see how customers are treated by other companies in this market I felt my story had to be told.
I'm so overwhelmed by their kindness that I thought the community should know and I pledge to only buy Spondoolies equipment going forward.
Expectations dramatically exceeded. Kudos, Guy and Spondoolies-Tech. You guys are the very best, and I mean that sincerely.
Nice! Apologies for seeing right through this ruse. |
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No way! AMT's office is in the back of the Masonic Lodge???
Yes! Google it and see for yourselves. Don't take my word for it. You guys are ridiculous.
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Have you guys seen AMT's new office since clenell has fucked up their world so badly? 430 Johnson Str., flr 2, Suite 202, Jenkintown, PA, 19046,  That's the alley entrance. Here's the front of the building less than 2 blocks from FedEx: 443 York Rd, Jenkintown, PA  Which whole mason thing was that? We don't know anything about masons. There are several rumors, fake images, just plain crap on this thread that the trolls spread all the time, now we're free masons too right :. ) |
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No way! AMT's office is in the back of the Masonic Lodge???
Yes! Google it and see for yourselves. Don't take my word for it. |
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The most common spelling is "altcoin." As for the Feathercoin example, yes. Most proof-of-work coins - like BTC - have halving intervals measured in blocks. If you want to create a whole slew of meaningless altcoins, then yeah scrypt is a good way to go. A maximum coin supply over 100M has been done several times, and hasn't proven itself impractical. Dogecoin, for example, has 100 billion maximum coins, as well as built-in inflation which means even more coins. It is possible for a new coin to trade at any rate, one cent, five dollars, etc. Coins are worth whatever someone is willing to pay. Shitcoin developers tend to keep the block reward extremely low, like less than 50 per block, when they want the coin's market value to be high.
Now, this is informative, echoing the same sentiment for TheMage's post between yours and this one. Thanks to both you guys. Is SCRYPT the way to go if the whole slew of altcoins aren't meaningless, i.e. back by formidable brands? Of course I, too, desire to the various Altcoins to be successful, as do the brands backing each alt, but feel that the initial block reward should/could be 100 coins. Practical? Filling in some variables using the same example to help illustrate what's in store: Feather Coin – FeathercoinAbbreviation/Ticker Symbol: Up to 6 characters, with no less than 2 with 3 minimum preferred. Algorithm: SCRYPT (pending) Date Founded: 4/16/2013Total Coins: 336 Million 100 Million Confirm Per Transaction: 4 sounds like a square number. Re-Target Time: ? Block Time: 5 Minutes Block Reward: 100 Coins Diff Adjustment: Toying with a hybrid based on the exchange rate. |
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This post is currently acting as a personal editing sandbox. Everything below the [single] horizontal line will eventually be deleted.
Rarely does a nascent cryptocurrency appear on the scene at the precise time when the problem it touts solving is all the rage by those providing fodder for nearly one third of all Internet users, viz. YouTube viewers. Allowing YuTübopolis, Inc.'s GAWdiose (think: extinct GAW) YouTube-themed ambitions saved for a future write-up, it's its predominant subsidiary, YuTü.Co.in, designed, in part, to bridge YouTube creators' ongoing coffer-filling gap, currently affected by the Ad-pocalypse thanks to Google. Exactly how is summed up in one Mr. McGuire-esque hyphenated word - crypto-commodities.
<original post below>
Solution: A million plus new alt-coin investors/traders.
Well that would work. But I think, as much as I going to be hated on, there needs to be more Regulation. This market is a scammers heaven. Would a new exchange suffice? BTW, for what I envision and have in the works, all the current alts won't be trading on it, and there'll be a dedicated forum for just the alts affiliated with the niche. Our millions of traders will be encouraged to explore/trade the various other alts and Bitcoin, many of whom this would be their first foray into cryptocurrencies. Some of the alts under our Brand (TBA) may even break out and start trading on the conventions exchanges as you currently know them, but we won't be trading any alts not indigenous to our brand no matter how popular they are, e.g. Litecoin or Doge. |
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Is it possible for an new alt to start trading at one cent (US penny/$.01/1¢)?
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