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1901  Alternate cryptocurrencies / Altcoin Discussion / Re: SCAM COIN? or next big thing? Global Coin Reserve on: March 29, 2015, 06:31:49 PM
when 90% of votes are paid its a sign of either a scam coin or a pump and dump in my experience. Just my opinion.

Your thoughtful analysis is appreciated.
1902  Alternate cryptocurrencies / Altcoin Discussion / Re: Staking altcoins on a VPS? on: March 29, 2015, 06:27:03 PM
You really feel comfortable typing in your password to enable staking on a VPS? 

Not very smart.

They could easily be monitoring that vps,  and run away with your coins.



Thank you for this friendly security reminder.
1903  Alternate cryptocurrencies / Altcoin Discussion / Re: Competition forces cryptocurrency developers to be smarter on: March 29, 2015, 05:59:29 PM
In terms of value, competition forces developers to be smarter by making their treasures more rare and more desirable. The rules for coin generation and brand are primary, network growth is secondary, and the mining algorithms themselves mostly a shadow of the other vital attributes.
1904  Alternate cryptocurrencies / Altcoin Discussion / Re: [WARNING] Don't ever talk badly about Darkcoin / DASH / The Darkcoin Foundation on: March 29, 2015, 02:14:31 PM
Thank you for providing this friendly security alert.
1905  Bitcoin / Bitcoin Discussion / Re: What did you learn about Bitcoin today...? on: March 29, 2015, 04:39:29 AM
Anyway...would be interested to hear when someone learns something, anything really, about Bitcoin.  Doesn't matter if it's a basic how-to, an interesting fact, a new way to spend/procure it, news, lesson learned or some new breakthrough or groundbreaking discovery!  Let's hear it...

I learned that tomorrow 2/3 of all Bitcoins that will ever exist will have been mined.
1906  Alternate cryptocurrencies / Altcoin Discussion / Re: LTC good investment? on: March 28, 2015, 06:49:13 AM
dude stick to your own coin instead of spreading FUD about others, I mean you have alot to do to prevent the big bagholder with all the premine from dumping all the goldcoin at any time your coin spikes in price.

You just keep saying FUD over and over again without making any valid arguments. Are you in the tenth grade? And I couldn't care less who dumps what.
1907  Alternate cryptocurrencies / Altcoin Discussion / Re: LTC good investment? on: March 28, 2015, 04:18:34 AM
Here's a little insight into what's going on @ Coinbase: https://twitter.com/brian_armstrong/status/569914763263606785

I assume he's also talking about Litecoin (LTC).  Cry
1908  Alternate cryptocurrencies / Altcoin Discussion / Re: LTC good investment? on: March 28, 2015, 04:02:50 AM


Microguy all you're comments show that you either don't understand the context of what Coblee was saying or you're just pretending to be ignorant to continue to spread you're FUD  Roll Eyes

When someone says something like that, it's open to interpretation. We simply disagree on the interpretation.

He also goes on later in that exchange and basically says, "it's not up to me, you guys deal with it."
1909  Alternate cryptocurrencies / Altcoin Discussion / Re: LTC good investment? on: March 28, 2015, 03:36:50 AM
Cryptocurrencies are like operating systems and require, at minimum - updates, patches, and maintenance. These are all forms of development. Development also goes beyond code and applies to things like public relations, community growth, and network health.

Imagine if Gavin came out and said Bitcoin no longer needs development, or if Microsoft quit updating its software. We're in the infancy of digital currencies ... and coins that stop development are destined to remain in the infantile stage.

This is also a competition and there are many competitors just loving this new "no need development" attitude.



1910  Alternate cryptocurrencies / Altcoin Discussion / Re: Dead coins ready to rebound? on: March 28, 2015, 03:23:53 AM
Just wondering what your thoughts were on coins that appear to be dead, but might be ready for a rebound.  Cheers!

I usually take a look at the top 50 on this link daily. http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/

These aren't considered dead, but you might keep your eyes on Potcoin (POT), Maxcoin (MAX), Mazacoin (MZC), and of course Goldcoin (GLD). Here you have four well-positioned currencies that are currently flying under the radar.

Potcoin makes sense because I see the utility/need for a niche crypto in the cannabis community, Maxcoin because Keiser can turn on the PR like a light switch any time he chooses, Mazacoin because it make sense to have a sovereign coin and Payu is great at marketing, and Goldcoin because its developer is the Nikola Tesla of the crypto world.
1911  Bitcoin / Bitcoin Discussion / Re: Secret Service Agent: Digital Currencies Fueling Cybercrime on: March 28, 2015, 02:34:34 AM
What do u think, is this all just another scare story, or are they planing on making a move in the future ?

This is probably what this guy honestly believes, "that bitcoin is bad".

It escapes me how they could possibly stop this train now. I think it's just going to take more time for people like this to accept the coming change. I would look at the core developer(s) as 10X greater risk than any outside government agency.

Hopefully Bitcoin doesn't manage to attract a suicidal co-pilot.  Undecided
1912  Bitcoin / Mining / Re: With great power comes a great electricity bill on: March 28, 2015, 02:23:52 AM
The biggest threat to bitcoin (at the moment) is Satoshi's 10% stash and the centralized super-powers of the core developer(s). If these problems can be addressed, then the bitcoin network might be even "more secure" after the block rewards cease to exist.

Interesting that you consider Satoshi's 10% stash a threat even in the long term.  Tell me:  Do you think Bitcoin would be more valuable today if Satoshi had dumped almost all of his coins in 2012?  Do you think that Bitcoin would be more successful today if, all else equal, this "threat" had been nullified sufficiently many years ago?

This has got me thinking.

Maybe it's the combination of the large stash of coins he mined (while monopolizing the network), in conjunction with the possibility that he could decide to resurface with those coins and return to "power". He would be crowned the king after-all.

I can see in my mind a few scenarios where he could threaten the stability and security of the network if he decided to play his hand a certain way. Not a very likely possibility, but one that should probably not be ignored.
1913  Alternate cryptocurrencies / Altcoin Discussion / Re: Where to store maidsafecoin? on: March 27, 2015, 01:59:04 AM
1. Send MaidSafeCoins using Omniwallet to the BTC address of your paper wallet.

2. Seal paper wallet in PVC pipe filled with rice.

3. Bury pipe in backyard and mark location mentally.

4. (Optional) Purchase guard dog to watch over yard.
1914  Alternate cryptocurrencies / Altcoin Discussion / Re: Investigation Complete of Instamines and Fastmines for almost every top alt coin on: March 27, 2015, 12:57:09 AM
The bias in this resource is so overwhelming it's absurd.

Yes. This was ax-grinding taken to a level never before seen in the modern world.
1915  Bitcoin / Mining / Re: With great power comes a great electricity bill on: March 26, 2015, 03:15:18 AM
Off topic question: When the BTC mining period ends in many years and most of the miners leave, will the BTC network still be as secure as it is today?

This is unknown and depends on many variables (future btc price, transaction volume, code changes, etc.)

The biggest threat to bitcoin (at the moment) is Satoshi's 10% stash and the centralized super-powers of the core developer(s). If these problems can be addressed, then the bitcoin network might be even "more secure" after the block rewards cease to exist.
1916  Bitcoin / Bitcoin Discussion / Re: Who holds the coins in a decentralized exchange? on: March 26, 2015, 01:56:53 AM
Who holds all the bitcoins in this blockchain?

Satoshi has around 10% and the rest are controlled by the core developers.
1917  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO: bitcoin is far ahead! Altcoins are distractions! on: March 26, 2015, 12:36:34 AM
He is is right though and I agree with him. The average Joe on street or even my friends have a hard time understanding bitcoin and the concept behind it. Now imagine explaining the reason behind crappy altcoins like jackpotcoin or potcoin lol.

What if this was the attitude when people first started using the internet and friends were learning about the first search engine.

Bitcoin needs the competition that altcoins provide to keep it striving to improve. Competition is healthy and highly beneficial to the consumer.
1918  Alternate cryptocurrencies / Altcoin Discussion / Re: LTC good investment? on: March 26, 2015, 12:15:36 AM
Hmmmmm ... Maybe this line can be removed now.  Tongue

1919  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins or Bitcoin really become big? on: March 25, 2015, 08:53:38 PM
What are the odds?
Altcoins or Bitcoin really become big?

100%. For the same reasons the Internet and BitTorrent continue growing.

The general consumer is always the last to adopt new technology. We are just the first adopters ... the early players in the game. When the altcoin winners go mainsteam, the new marketcaps will make the 2013 price spikes pale by comparison.
1920  Alternate cryptocurrencies / Altcoin Discussion / Re: Most undervalued coin? on: March 25, 2015, 08:49:15 PM
No moderated thread coins.

What does this have to do with coin value?
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