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18881  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread -NEM has launched[Updates&Discussion] on: March 31, 2015, 08:55:10 PM
PS: Well, thank you guys, you have proved my hypothesis again.

The more involved, the lower the market cap?

That makes sense in the early phases.
18882  Economy / Speculation / Re: I cant imagine a plausible chain of events preventing btc from reaching the moon on: March 31, 2015, 08:16:00 PM
A greater number of people who are involved now can't find a use for it in their lives, or don't want to use it. Pretty simple really.
18883  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread -NEM has launched[Updates&Discussion] on: March 31, 2015, 07:52:57 PM
I'm getting an Error 124 - incorrect password - when trying to import my private key. Logging out locks me out. I seem to remember this happening every single time I used the wallet a few months ago. I completely gave up on trying to create a wallet that wasn't killed off the moment I created it. Was there a straightforward fix?
18884  Economy / Speculation / Re: averaging down on: March 31, 2015, 07:27:01 PM
Nope. I set a limit as to what I was willing to spend and how many coins I thought would make a difference to my life in the future if it really took off and stuck to it. If I want more then I'll earn it or trade for it.

If it dies, so be it. I'm not going to chase it downwards. The idea of spending more to reduce a loss doesn't really compute for me.
18885  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NODE Revolution: "Money is a means of payment, not speculation" (с) on: March 31, 2015, 07:01:23 PM
I got the impression they were planning to let rip with marketing when all the elements were in place. Looking at the complexity proposed, that might be over a year away by which point it'll have faded away.

It hasn't operated like a normal coin should. We're still being fed crumbs by the core team rather than mucking in and I can't detect much of a community. There ain't much of a whiff of free will or decentralisation.
18886  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2015, 06:41:12 PM
I think he means a setting for newbie jail.

That would be most welcome.

Theymos please reinstitute newbie jail!


Amen.  It's like 90% trollspam these days.

I think the current crop of newbies, or the newbie rather, is committed enough to create an account and wait it out before ejaculating all over us again. It'll have a few accounts maturing each day ready to let rip.  
18887  Bitcoin / Bitcoin Discussion / Re: Do you prefer bitcoin, FIAT money or other? on: March 31, 2015, 05:55:54 PM
If we're talking now then it's gotta be fiat unfortunately. I'm in the UK and it's a pitiful scene compared to the US or swathes of Europe. It just wouldn't be possible to function using crypto only.
18888  Economy / Speculation / Re: Is DEA Agent Force Responsible For MtGox Collapse? on: March 31, 2015, 05:48:02 PM
The whole saga, in fact everything to do with Bitcoin, is so goddamn far out that nothing would surprise me.

Judging by the way Mr Karpeles has communicated on occasion, it seems there's a lot more he'd like to share but is somehow forced not to. I think plenty of minds will be blown before Gox is ever put to bed.
18889  Bitcoin / Bitcoin Discussion / Re: Anybody in the 1000 Bitcoins club here? on: March 31, 2015, 05:06:10 PM
And perhaps the richest member here apart from Satoshi was knightmb with an admitted 371,000. No idea whether he still has them but it's a pretty insane tale anyway. A syndicate of investors set up a mining farm. They drifted away from it and he bought them out for $5000.

 https://bitcointalk.org/index.php?topic=6825.0
18890  Bitcoin / Bitcoin Discussion / Re: Anybody in the 1000 Bitcoins club here? on: March 31, 2015, 04:57:23 PM
There'll be a handful of club members still here. I can imagine the old school might despair at what this forum has become but there are still some gems to unearth.

Large holders who are out in the open include Chamath Palihapitiya with somewhere north of 100,000, The Winklevii with a similar amount, some other British bloke who was interviewed had a similar amount, I've read that Max Keiser has or had 21,000, Dustin Trammell is reputed to have several hundred thousand, Roger Ver bought 300,000 back in the day.

It's a surprise there's any left for the rest of us.

If you want to join it these days then you can probably have it in a couple of months by running away from your darknet market.
18891  Bitcoin / Bitcoin Discussion / Re: Are you fools pathetic - or what? on: March 31, 2015, 04:25:37 PM

I challenge you, no, I demand you pick up your damn android and kick down a few bucks.  Just to make his first day feel a little better like someone actually cares.  I am sleeping in nice sheets tonight - he is sleeping with four roommates on canvas.  To answer this challenge, please send .111 bitcoin to 1NEgShr962NMHXet3WTVzwuW2189JRrP93 so we can see who agrees.


Um. Why does someone who said on camera they spend thousands a day on lawyers deserve a Satoshi from any random poster on here?

'The Man' aside, he broke laws available for any member of the public to read and be aware of. He knew what he was doing. I do not break laws and wouldn't expect a payout from strangers if I did.

I'm sure he'll enjoy a couple of years playing tennis and then be straight back in action. Ideally the space will have moved on by then and he'll be an irrelevance. The bad smells need to waft away.
18892  Economy / Speculation / Re: 100 bitcoins. Will I be a millionaire by 2020? on: March 31, 2015, 04:10:58 PM

well, that would mean too many civilisation collapses should happen already. We will see where the mass adoption is 5 years from now, but it won't be the end of the world if it doesn't happen. 


Mining might become a beast that upends things if it hasn't become more of a success in 5-10 years. They'd need to be making more from transaction fees by then. That'll either require a load more volume or crippling fees. Perhaps there'll be machinery that solves that.

18893  Alternate cryptocurrencies / Speculation (Altcoins) / Re: (XEM) NEM Speculation thread on: March 31, 2015, 04:06:45 PM
Will sock stakes still be used to reward harvesters?

If I remember rightly 10% of the sock stakes go towards harvesters which should last for several years. I could be totally wrong though.
18894  Economy / Speculation / Re: bitcoins lack of interest, lack of traction on: March 31, 2015, 04:03:43 PM
I'd say new user stats on here is a much, much more meaningful statistic than google searches. It takes some proper commitment to sign up here rather than type 'what's this bitcoin drug paedo shit' into google and then go and look at some tits.

R/bitcoin has 100,000 more subscribers than when I joined. There's 300,000 more joins on here than when I signed up. It's a long way from anything exponential but it's chugging steadily onwards.
18895  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Launch 31st March[Updates&Discussion] on: March 31, 2015, 03:53:57 PM

A sturdy lass.
18896  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2015, 03:53:07 PM
why only 2-3 usd movement ?

who can profit from this trade ? let it rise to 300 pls

20x and 50x leverage can with a good sized position.

Every dollar it ticks im making about .68BTC currently

Cor blimey. That would require more balls than I possess. Is there any info out there as to how many people have positions with that type of leverage?
18897  Alternate cryptocurrencies / Speculation (Altcoins) / Re: (XEM) NEM Speculation thread on: March 31, 2015, 01:57:01 AM
It's going to be fascinating for sure. I can't think of any coin with such a thorough lead up and relentless murder of sock puppets.
18898  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Launch 31st March[Updates&Discussion] on: March 31, 2015, 01:23:02 AM
Quote

How many coins will each stakeholder get?

NEM will have a maximum of 8,999,999,999 coins, all distributed with the genesis block. Each NEM coin will be divisible to 6 figures (i.e. the smallest amount of NEM is 0.000001 NEM). The total supply will be distributed as follows:

71% - distributed to stakeholders on the final stakeholder list.
10% - reserved for the core development team to fund development of the NCC and NIS up to the release of V.1 of the blockchain.
10% - reserved for the core development team to fund development of the NCC and NIS after the release of V.1 of the blockchain.
5% - reserved for the extended development team; those who are working on promoting NEM and the NEM ecosystem.
4% - auctioned off at a later date.


Can anyone answer this question correctly? I have been looking for 30 mins.

I've been wondering this too. It's proven quite hard to keep up with the developments.
18899  Economy / Speculation / Re: Block 350,000 due in the next few hours on: March 30, 2015, 11:14:46 PM
I thought the Block 0 mining reward was not spendable?


Correct - https://en.bitcoin.it/wiki/Genesis_block

https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost.

It's only the mining reward that can't be spent. All coins sent there can be spent.

Oh. Silly me. I stand corrected.
18900  Economy / Speculation / Re: Block 350,000 due in the next few hours on: March 30, 2015, 10:57:15 PM

Has anyone ever counted the provably-burned coins?


The two most famous is the counterparty one https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr that they used to issue Counterparty's currency in return for killing your BTC http://counterparty.io/news/why-proof-of-burn/

and bitcoineater https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE but I've no idea what purpose that served.

I'm sure there are a few more official uses of them too.
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