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1881  Alternate cryptocurrencies / Altcoin Discussion / Re: Current State of Anonymity in Alternate Cryptocurrencies on: June 21, 2014, 08:47:51 PM
As far as I know The CryptoNote coins have anonymity built in to them.

And then there is CryptCoin which is supposed to have it's anon feature release very soon. Not sure on the exact details but a lot of people seem to be talking about it on some of the troll box chats.
1882  Alternate cryptocurrencies / Altcoin Discussion / Re: Why can't altcoins merge? on: June 21, 2014, 08:45:46 PM
Piggycoin did something similar to the above suggestion(s) recently. They shifted from a Scrypt blockchain to X11, and it involved setting up a link where you sent your old coins to be burned. A premine on the X11 chain provided the necessary coin supplies to reimburse everyone who sent their old Scrypt piggies in to be burned. In principle you could do this with multiple coins at once, handing out a single new coin for the old ones being sent in. (Kind of like counterparty as well, come to think of it.)

It's not decentralized system if someone handles the transactions being sent out.

There are two tricky parts to the system, as you mentioned XCP-like distribution system

and Market value/supply and etc of this brand new coin.


The most tedious part would be compiling over 500-1000+ Alt-coin wallets so the coin is truly universal

Well the merge itself isn't decentralised. But the result still is.

I don't think we're going to see a decentralised method to merge coins that that for a very long time. If ever. But it would be interesting to see for sure.
1883  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin is the OWS of coins.... on: June 21, 2014, 08:43:53 PM
NEM is more the Occupy Wall Street movement in the cryptocurrency world I think.

They're the ones reacting against what they feel is an unfair system. And actually attempting to do it their own way on what they feel is an equitable method of distributing coins. Who knows how their project will work out but I think there is definitely some similarities there.
1884  Other / Politics & Society / Re: Iran actress scandal?? on: June 21, 2014, 08:37:58 PM
It wasn't even that long ago that Iran was somewhat liberal.

I really wonder just how many people in Iran actually agree with this or if it's a small minority that's just being made out to be bigger than it actually is.
1885  Other / Politics & Society / Re: One Week in Islam: What is Wrong With This Faith??? on: June 21, 2014, 08:31:46 PM
Qataris began flooding them with the petro-dollars and Jihadi ideology.

Qataris are Jihadists?
1886  Other / Politics & Society / Re: Japan bans child pornography possession on: June 21, 2014, 08:27:25 PM
This is the same country that requires pixels on people's genitals in porn Tongue

Yet they're just getting around to banning child porn now. Although the article says it was also banned in 1999?
1887  Economy / Trading Discussion / Re: Trading Crypto Currencies? on: June 21, 2014, 08:20:40 PM
You could buy BTC on coinbase or localbitcoins and then deposit it in to Poloniex to buy altcoins. It seems to be a pretty good site. Most people are finding them to be the best altcoin exchange so far.
1888  Economy / Speculation / Highest percentage of portfolio that is reasonable to keep in btc? on: June 21, 2014, 08:10:16 PM
What do you think is the highest amount percentage wise someone should devote to bitcoin in their investment portfolio?

How much is too much? Even for someone who is not risk adverse?

Does age matter?
1889  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GATHERING] define on: June 21, 2014, 07:43:30 PM
I think the overview looks good.

Does anyone know if there have been coins with similar releases before? Any live coins with a similar philosophy?
1890  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GATHERING] define on: June 21, 2014, 07:32:02 PM

Developer Earnings Calculation
---------------------
If we pin a milestone target of $ parity on the value of the coin, and assume no coins are touched, then after a year the developer will have ~$6500-$13000 worth of coin from block rewards.
Assuming a 100 hour per month commitment to the project, that equates to an hourly rate of $5.5-$11 per hour of work.
It's fair to presume I'm hoping the coin achieves a bit higher than $ parity over time, and the incentive is there. If $9 is achieved by ethical growth of the user base then this project becomes a successful full time job, or a small organization with paid staff.


Sorry for being so verbose, I just want it to be clear.

This seems really low to me. But I'd like to hear what other people think.

There is potential for higher rewards but dollar parity after a year would be a 5.25 million dollar market cap(if I calculated that right) which wouldn't be a failure at all and I would think the devs would deserve more than that.
1891  Economy / Service Announcements / Re: SteamBitShop ● Buy Steam games with bitcoin ● Summer sale! ● Instant delivery on: June 21, 2014, 07:22:03 PM
I just noticed that Skyrim is on sale for $4.99 now on Steam.

Any chance you're going to be able to offer that? I'd like to buy it if so.
I'm in the process of posting today's sales, and just updated Skyrim a couple minutes ago:
https://steambitshop.com/?page=item&id=2

Delivery could take a while if you order now.

Ordered it. Thanks.

Don't worry about delivery. I'm in no rush. Take your time Smiley
1892  Economy / Service Discussion / Re: Karpeles back to living large in one of the most expensive apartments in Tokyo on: June 21, 2014, 07:13:56 PM
This Japanese justice system works very well against the violent crimes. But at the same time, it is having almost no effect on the white-collar criminals. Japan is turning to be a perfect refuge to all those financial crooks.

Hmm, that's odd. I would totally expect Japan to have somewhat strict laws on white collar crime. Considering it's a fairly uncorrupt country with a heavy focus on business I would think they would be strongly against that type of crime.

Interesting that it's not like that. I wonder how prevalent white collar crime is if there is little risk and high incentive.
1893  Bitcoin / Bitcoin Discussion / Re: PayPal Integrating Bitcoin soon. on: June 21, 2014, 07:10:32 PM
Paypal already has a pretty much turn-key solution available to them if they decide to acquire Coinbase. Getting bought out is a very viable endgame for a VC-stage company, and there are business relationships in common between the two organizations already.

Actually yeah, why doesn't anyone talk about this as a likely scenario? I hadn't even thought about it but now that you mention it I can almost guarantee the VCs have this in mind almost exactly. They know how they multiply their investments.
1894  Bitcoin / Bitcoin Discussion / Re: Why is China so important for Bitcoin? on: June 21, 2014, 06:23:40 PM
In terms of innovation, ecosystem and infrastructure investment, China hasn't contributed much, or anything, to the Bitcoin world. I'm sure they would've given the chance but it's not going to be allowed to happen. The volumes on the exchanges that so obsess people are largely fake or the result of zero fee trades.

In the grand scheme of things China will be a major laggard in the BTC space and might never be able go places with it because of their government.

Well the amount of ASIC technology that has been and is currently being developed in China can't be overlooked.

Maybe they're not contributing to a lot of open source projects. But I don't think we can completely dismiss their contribution.
1895  Economy / Service Announcements / Re: SteamBitShop ● Buy Steam games with bitcoin ● Summer sale! ● Instant delivery on: June 21, 2014, 06:15:15 PM
I just noticed that Skyrim is on sale for $4.99 now on Steam.

Any chance you're going to be able to offer that? I'd like to buy it if so.
1896  Bitcoin / Bitcoin Discussion / Re: bitcoin proves people don't blindly follow short term interests on: June 21, 2014, 06:14:01 PM
They still did a lot of damage by allowing Ghash to stay so high for so long.

It certainly wasn't an efficient response by the market by any stretch of the imagination.

Did any of the other pools lower their fees to compete for the refugee miners leaving Ghash? That would seem like the rational thing to do.
1897  Economy / Economics / Re: Would u pay in bitcoin? on: June 21, 2014, 11:37:50 AM
It seems that coinbase finally implemented a feature that lets you automatically buy back the coins you spend.

I think this is something that a lot of people were waiting for. This way they can spend their bitcoins and not worry about it costing them more over time.

Having it automatically buy coins back for you is much more convenient than having to do so yourself everytime you buy something.
1898  Alternate cryptocurrencies / Altcoin Discussion / Re: Why I converted all my bitcoins to litecoins on: June 21, 2014, 11:35:59 AM
One word: Coinotron. Remember when it created a 51% scare in litecoin?

Wasn't that less than a month ago too?

It just seems absurd to go from bitcoin to a coin that is much less secure. The networks can not be compared.
1899  Alternate cryptocurrencies / Altcoin Discussion / Re: Which altcoin features can you not live without? on: June 21, 2014, 11:34:12 AM
Indeed, and businesses like Coinbase are working hard to support the infrastructure.
However, this external infrastructure seems to be adding a useless risk where we have to trust a third-party, considering that many of the features they add can be included directly in altcoins (like the faster transaction time and lower fees).

Imho, using an altcoin with better features is safer than using Bitcoin with an external app which compensates for its flaws.

That's true. And that's an interesting way to look at using altcoins. They are likely safer than using a centralised third party. So that might be a good way to market an altcoin to people using bitcoin already.

Great points, thank you.

There is another option to throw in to the mix. Applications (website and services) can be designed in such a way that they interface with a users personal detail without ever having any direct control themselves, and without needing to take or store any personal information. Consider an alt with a well defined API, a personal hosted node, and various client side web services which could interface with any node defined. You would then have a range of UIs and services which respected the personal and decentralized nature of crypto currency / block chain.

Over these threads I think I've collected enough information to begin specifying a project which has some merit. Would any of you be willing to give further feedback once I've collated everything in to a rough specification?

I would be willing, yes. Keep us updated. It sounds interesting.
1900  Other / Off-topic / Re: Control VR on: June 21, 2014, 11:32:36 AM
does anyone remember the VR they had in early 90's ? you'd get into the round thing... put the headset on.. and it was like real VR stuff... well as far as VR went back then. but you moved it moved.. its just the game was pretty boring. but still amazing stuff back then!!

surprising its taken so long to come up with, well not much 20 years later....



Yeah, I definitely remember that. Funny how long ago that was too.

It just wasn't very fun. If a good company had made good games for that product who knows where we would be now.

It just goes to show how important software is.
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