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1841  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Dust Protection on: December 27, 2013, 06:30:39 AM
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Dust protection has to be a tiny fee on all transactions, otherwise an attacker could send medium amounts to himself many times. I don't know if the code was enforcing fees on all transactions, but that was my intent.

Oh okay, I guess I just had not noticed the fee since it wasn't actually saying anything about it (like this will cost X in fees, send anyway? or whatever).

I guess bitcoin only used coin age to prevent the sending to yourself around in circles approach to spamming/bloating the blockchain.

Not sure why we thought was wasn't enough to work for devcoin too though.

(Maybe bitcoin didn't have the coin-age parts back in those days?)

I didn't know it was using coin age to stop that. In any case, even if coin age can stop dust, free transactions are still a cost on the network.


Absolutely. Bitcoin had been promoted as no transaction fees so kind of had to use coin-age instead of all transactions having a fee.

We don't advertise free transactions hopefully so aren't thusly constrained.

-MarkM-
1842  Alternate cryptocurrencies / Altcoin Discussion / Re: so are coins 2.0 / 3.0 going to eat btc??? on: December 27, 2013, 06:21:34 AM
Plenty of features / services are coming along for bitcoin too.

I haven't really seen a lot of reason yet to think any of the vapourware coins are going to have services up and running on a super-secure network any sooner than bitcoin is.

Though coloured coins and even Mastercoin's protocol can run on any blockchain so I suppose they could end up running on some other chain sooner than they run on the bitcoin chain, or be less expensive to operate on some other chain than bitcoin's. Which might be an important feature for the kind of penny-stock scale scams that probably are most eagerly awaiting such platforms.

-MarkM-
1843  Alternate cryptocurrencies / Altcoin Discussion / Re: Why NOVACOIN has high $ value and nobody talks about it? on: December 27, 2013, 06:02:37 AM
Well maybe you got tainted by the reputation of the exchange? Wasn't your coin on the Russian exchange that had been up to its neck in the RUCoin thing, and also there was some claims that they had been bribed, and maybe even that the bribe had been a pre-mine, thus implicating them possibly in the creation of the coin, having a pre-mine put into it for them?

Basically a whole bunch of scumminess that just seemed more of the same scumminess their previous thing, RUCoin, also had going on around it?

-MarkM-
1844  Alternate cryptocurrencies / Altcoin Discussion / Re: What is up with all the new alt-coins? on: December 27, 2013, 05:41:14 AM
I use CAD in local supermarkets and corner stores and gasoline stations and suchlike, I just do not consider it the best place to store wealth aka a good place to invest.

I buy it as I am forced to aka as I need it, albeit with some padding to try to avoid getting painted into a corner where I need more of it sooner than I am likely to be able to buy it at a good price.

For example just recently I decided to go ahead and re-wire my country-house, and got myself into some time-pressure whereby I am not sure I will be able to buy CAD at one thousand CAD per bitcoin or better so I am somewhat pressured to consider buying CAD at higher prices than that if I am to have enough CAD on hand soon enough to match the electrician's anticipated availablity-to-do-the-work date.

Basically though that mostly means I did not have enough padding; I "should" have secured the requisite CAD first, so that I was sure I was getting it at a "nice" price, before starting to get pinned down to any particular schedule as to when to go about rewiring the house.

-MarkM-
1845  Alternate cryptocurrencies / Altcoin Discussion / Re: What is up with all the new alt-coins? on: December 27, 2013, 05:13:35 AM
That is why I try to start out by piling up buy offers starting at one satoshi and (where feasible) proceeding satoshi by satoshi upwards from there.
I will only look at my investment based on USD, because i treat crypto investment as i treat all my other investments.  I live on USD, so it makes the most sense to me that way.  

If i have to work with micro-amounts of currency, e.g. i'll deal with kilodoge or megadoge instead of 1doge=0.0000000557USD.  but it all has to add up to $$ in my mattress.

one day we might be able to transact goods for doge on the high street.  but that's not today, so i work in common use currency.  

Ah well then yes we differ a lot in that.

Constantly devaluing coins such as dollars are not really my idea of a good investment, part of why I like bitcoin is that maybe eventually it will let me no longer have to hold constantly-depreciating assets such as fiat...

(If I wanted currency that constantly depreciates I would be using Freicoin, which has "demurrage".)

-MarkM-
1846  Alternate cryptocurrencies / Altcoin Discussion / Re: New coin announcement - Sir Isaac Newtons coin on: December 27, 2013, 05:09:43 AM
Then somehow tie in Applecoin maybe, like maybe make one of the two the primary coin on an exchange, the coin in which all others are priced, starting with either apples/newtons or newtons/apples...

-MarkM-
1847  Alternate cryptocurrencies / Altcoin Discussion / Re: What is up with all the new alt-coins? on: December 27, 2013, 05:07:57 AM
That is why I try to start out by piling up buy offers starting at one satoshi and (where feasible) proceeding satoshi by satoshi upwards from there.

So far I have had to jump five satoshis or even 25 satoshis or more at a time for some coins such as IXCoin and I0Coin; really DeVCoin is the only coin I have been able to get this "price floor" concept well-started.

DOGE looked interesting partly because like DeVCoin its price is few enough satoshis that placing buy orders at each satoshi of price all the way up looked like it might be feasible.

-MarkM-
1848  Alternate cryptocurrencies / Altcoin Discussion / Re: If You Had $100 to invest in one Alt-Coin, Which one and Why? on: December 27, 2013, 05:01:00 AM
You can get DeVCoin at probably its lowest price ever or thereabouts right now, and unlike those others you mentioned it is not one of the recent endless stream of scamcoins.

Are any of the others you mentioned even securable blockchains at all, or just scrypt etc waiting for miners to gangbang and/or 51% them?

-MarkM-


Why Devcoin though? Bitcoin can probably do the job of Devcoin just fine in the future.


Actually I do not know of any exchanges anymore that have DVC/USD nor USD/DVC so devcoin is no longer a coin you can invest dollars into anyway.

If the original poster had provided a list of coins they are able to buy with dollars that would maybe help, since I would suggest the first coin to invest in if you are thinking of going on to branch out into things that are not being sold for dollars would be something like bitcoin or litecoin, because many coins are available to buy using those that are not available to buy using dollars.

Then once equipped with some litecoin or bitcoin, go on to start a thread asking what to invest bitcoin in or what to invest litecoin in...

-MarkM-
1849  Alternate cryptocurrencies / Altcoin Discussion / Re: What is up with all the new alt-coins? on: December 27, 2013, 04:53:35 AM
Saying that rich people are supporting their coin's value above what it "should" be is like saying rich nations are upholding their local fiat currency at values higher than it "should" be. The central banks of nations buy and sell their currency to try to keep it in a range they feel comfortable with, why shouldn't the central core of holders of any other currencies do the same?

-MarkM-
1850  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin just took Crypto-currency to the next level with this.... on: December 27, 2013, 04:42:12 AM
I still don't see it. The charity itself. dogecharity dot org or whatever the heck they are on about? Or is it all just discussion about some charity they plan at some future time to register and set up website for and all that?

All the links just seem to point back to reddit, which is not a charity as far as I am aware.

-MarkM-
1851  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Dust Protection on: December 27, 2013, 04:37:31 AM
We have always had free transactions, I think, haven't we?

Or maybe it was just taking a fee without telling me?

I have had sends to Vircurex take many hours to get confirmations, I had always figured that was because they included no fee.

Dust protection is supposed to force a few on tiny tiny transactions, not slap on a tiny fee on all transactions.

I am not positive though.

But I routinely all along have sent transactions of millions of coins at a time without seeing any mention of any fees.

Dust protection has to be a tiny fee on all transactions, otherwise an attacker could send medium amounts to himself many times. I don't know if the code was enforcing fees on all transactions, but that was my intent.


Oh okay, I guess I just had not noticed the fee since it wasn't actually saying anything about it (like this will cost X in fees, send anyway? or whatever).

I guess bitcoin only used coin age to prevent the sending to yourself around in circles approach to spamming/bloating the blockchain.

Not sure why we thought that wasn't enough to work for devcoin too though.

(Maybe bitcoin didn't have the coin-age parts back in those days?)

-MarkM-
1852  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin just took Crypto-currency to the next level with this.... on: December 27, 2013, 04:35:04 AM
Click what? There is no visible link to any charity there.

Please simply provide a direct link to whatever charity it is that you are on about.

-MarkM-
1853  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin just took Crypto-currency to the next level with this.... on: December 27, 2013, 04:21:51 AM
The post you linked to does not seem to have any links at all to whatever it is that you think is so great that it is going to take anything to any new level.

It seems to be just empty blank meaningless spam much like the above post of yours.

-MarkM-


Learn to use reddit?

I actually am alrerady a member of reddit.

So what? all I see at the link you provided is an empty thread. Where is the whatever thingamajig that supposedly goes to or will go to a new level?

-MarkM-
1854  Alternate cryptocurrencies / Altcoin Discussion / Re: Why NOVACOIN has high $ value and nobody talks about it? on: December 27, 2013, 04:19:50 AM
Thanks for the info. I was already avoiding Diamond (DMD) anyway but if it is this same gang of crooks all the more reason to avoid it.

-MarkM-
1855  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin just took Crypto-currency to the next level with this.... on: December 27, 2013, 04:17:18 AM
The post you linked to does not seem to have any links at all to whatever it is that you think is so great that it is going to take anything to any new level.

It seems to be just empty blank meaningless spam much like the above post of yours.

-MarkM-
1856  Other / Archival / Re: [VSC]Visacoin:Born for circulation--based on BTC-Gold--Project start!!! on: December 27, 2013, 03:57:56 AM
It will have to be renamed, no retailer will actually be able to say they accept it without being sued
they have no relevance


Yeah good luck with that.  Visa gets a hold of this, you're in for it.  I know because I had something similar happen, I got a cease and decist letter from Macy's once because an Android app I worked on had a tiny graphic in it for a Macy's credit card, and the lawyer statement said "Macy's customers may confuse this for being a macy's product".   Trust me you'll get Visa all over you for this.

They probably bet on that not happening until after they already got donations, which are what they are actually after anyway, so why would they care that after they take the donations and vanish no one will be able to salvage anything from the mess due to the trademark problems?

Its not as if there is anything to salvage anyway, except the donations, and likely the only way to salvage them is not to send them in the first place.

-MarkM-
1857  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DVC]DevCoin - Official Thread - Moderated on: December 27, 2013, 03:53:15 AM
We have always had free transactions, I think, haven't we?

Or maybe it was just taking a fee without telling me?

I have had sends to Vircurex take many hours to get confirmations, I had always figured that was because they included no fee.

Dust protection is supposed to force a few on tiny tiny transactions, not slap on a tiny fee on all transactions.

I am not positive though.

But I routinely all along have sent transactions of millions of coins at a time without seeing any mention of any fees.

-MarkM-
1858  Alternate cryptocurrencies / Altcoin Discussion / Re: BREAKING : iXcoin price up 100%! Network Hash Rate exceeds 1.5 PETA Hashes/Sec on: December 27, 2013, 03:24:06 AM
Miners have been slow to take up merged mining, so the ideal situation, in which the entire family of merged mined coins (Bitcoin as parent chain, seven child chains all merged alongside it) simply has not been arrived at yet.

IXCoin is way up there in hashing power simply because more merged-mining pools and miners who merged-mine include it in their merge.

Hopefully we will see the rest of the merged mined family also get more hashpower as more miners realise they are leaving money on the table by only merging a few of them.

-MarkM-
1859  Alternate cryptocurrencies / Altcoin Discussion / Re: What is up with all the new alt-coins? on: December 27, 2013, 03:05:39 AM

Is there any way to determine which coins are serious and which are schemes and which are just for fun?  I sense Mastercoin, given it's sudden appearance and high dollar value right off the bat, is a scheme.  Bitcoin IS serious.  Litecoin is trying to be taken seriously.  Devcoin seems serious.  Dogecoin seems like fun.  But can a "fun" coin also be a profitable investment?


One approach is to find a "serious" exchange, one that doesn't just list every new scamcoin that comes out but, rather, makes some kind of serious attempt to only list "serious" coins. So far I had thought Vircurex seemed to be doing the best job of filtering out the crapcoins, and even there I have to wonder about some of their choices.

Today I just read a post in which someone mentioned some other exchange and claimed that it usually does not list coins that have not first already been listed by Vircurex. So I plan to examine that one to see if that is true and to see whether it made the same judgement calls that I have as to which coins that somehow got onto Vircurex seem kind of dubious choices. Maybe I will find that it does not list those coins that are on Vircurex that I "have to wonder about", in which case I will probably look deeper into who runs it, have they ever been hacked, what happened when they were hacked, whether they handle eight decimals (since some exchanges are rather broken when it comes to decimals) and so on and so on.

TL;DR if you can find an exchange whose admins seem well in alignment with your own judgement as to which coins might be worthwhile, maybe sticking to that exchange letting its admins in effect do your "due diligence" for you, that could save some time and brain-sweat and research. Filtering out the crap for you is a good and useful service, if they actually do it and do it well.

P.S. You can get a discount on fees at Vircurex by signing up using a "referral URL", so here is such a URL in case you would like to use it:

https://vircurex.com/welcome/index?referral_id=597-1636

-MarkM-

EDIT: Note though that adding a blockchain-based currency to an exchange is relatively simple, all the coins based on bitcoin code use pretty much the same remote procedure calls to control them so the code an exchange already uses for one can can very easily use another. Things like Ripple, Mastercoin, NXT, and Open Transactions are not simple hot-plug things an exchange can plug in interchangeably so those might take longer to get onto established exchanges than you might prefer to wait. (But letting a reputable exchange filter the bitcoin-type coins for you frees up more time you can spend doing due diligence on all those other types of systems.)
1860  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple and the Second Generation of Crypto Currencies on: December 27, 2013, 02:41:41 AM

Ah well, I guess MBC, CDN, UKB, UNS, GRF, GMC, NKL etc (CZB?) aren't going to show up on any of those sites until they migrate platform again?

Being as how they long ago foresaw the nigh-impossibility of securing blockchains given the mentality of miners way back then (that is only very very slowly - glacially - improving) and thus temporarily moved away from the blockchain format to an Open Transactions format/platform pending either the ability to reasonably actually secure blockchains or a new method of solving the Byzantine Generals problem aka finding consensus for a distributed ledger it seems they are temporarily also not being counted among the ranks of cryptocurrencies.

Too bad, eh. http://galaxies.mygamesonline.org/digitalisassets.html

If NTX looks good once its source code is released maybe all those coins can clone that instead of cloning Ripple or bitcoin-type blockchain style representation/platform.

(They began as bitcoin clones, but as we keep seeing almost every day, blockchains are insanely expensive/hard to secure, so cannot really be recommended for storing serious value - those coins would probably have had their value suppressed like bitcoin did instead of continuing to climb even while bitcoin fell. They should in theory never have caught up with bitcoin in value, but the liabilities of using blockchains, a liability they stepped away from, let them fly free and high while the blockchain-based ones crashed, dove, were suppressed in price for years etc etc etc. Even bitcoin's massive hashing rate bitcoin has only recently, presumably with the advent of ASICs, started to recover.)

Ripple has so much extraneous bells and whistles beyond just being a distributed currency known as XRP that it seems kind of a lot of extra complexity to take on, so those coins have been dubious about setting themselves up as clones of XRP. But maybe if NXT is nice clean simple distributed currency without all the extra stuff Ripple adds that make it maybe so much more things that can go wrong things where bugs might happen, extra code to maintain and so on, then maybe NXT might be a better thing to clone to allow those coins to migrate again...

-MarkM-
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