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1941  Alternate cryptocurrencies / Altcoin Discussion / Re: btct.co and litecoinglobal.com why have they shut down on: October 21, 2013, 09:34:41 PM
They didn't shut down because of any new laws. Fincen made it clear earlier in the year such sites would need the proper licences and bonds. And they take millions of dollars to acquire.
1942  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Exchange] Latest Cryptsy Additions, News and announcements. NEW DATACENTER on: October 20, 2013, 01:34:15 PM
What datacenter did they move to?
1943  Alternate cryptocurrencies / Altcoin Discussion / Re: Why the loss of confidence in litecoin? on: October 18, 2013, 06:46:02 PM
Litecoin market cap is several times bigger than all of the other alt coins put together. It's also known in the wider community as the 'number 2 coin' behind Bitcoin. Then there is it's active development team - see the six month development road plan here http://www.reddit.com/r/litecoin/comments/1o3fdz/we_are_the_litecoin_dev_team_ama/ccr2my7. Also factor in that Litecoin gets lots of media mentions off the back of Bitcoin and has had a ton more media exposure than any other alt coin. Litecoin also has Coblee the one of the developers, who is very well connected in the crypto community (connections make things happen more than anything)... he works for Coinbase and his brother is CEO of btcchina the third largest bitcoin exchange atm.

Remember, Litecoin made huge gains from 5 cents when Bitcoin bubbled upwards. Imo Bitcoin is thinking about bubbling again... that will bring fresh money in and they will feel like they've missed the boat until they do five minutes research and find out that the second most popular coin is less than 2 dollars and has been confirmed by mark karpeles mtgox ceo as going on mtgox when their new trading engine is complete.

As for the loss in alt value, it's people selling their alts to buy Bitcoin and ride the Bitcoin bubble back up again. Trust me the time to buy is when the currency slowly fades in value. When the trend reverses, it will spike very quickly.

1944  Alternate cryptocurrencies / Altcoin Discussion / Re: SunnyKing [PrimeCoin Developer] Interview ARchive from IRC Today on: October 17, 2013, 10:02:51 PM
Seems like Sunny works at NASA? Haha.  Grin

He said he works in the aerospace industry and his IP address resolves to NASA.

You can see a couple of people speculating about it in the chat.
1945  Alternate cryptocurrencies / Altcoin Discussion / Re: Supposed ASIC Scrypt Miner | Scrypt ASIC International on: October 17, 2013, 05:54:19 PM


I just got an email back from them, they have added a forum section now to answer any questions, of which I have loads.

They even have a project running of a miner that can mine scrypt but then with a push of a button mine SHA-256.

This could be just a wind up but if it true this could change a lot of things.

I mean if that wanted to scam, wouldn't they be asking for money right now?

I am tempted to throw some Bitcoins at it and see what happens, its only Bitcoins a few Bitcoins after all.

I would never have believed that SHA ASIC's would see the light of day but they have.

I think a lot of people have been in the background working hard and maybe SAI is full of it but I have a feeling others will follow, even if they fail to deliver.

Just a matter if time.


I just got an email back from them, they have added a forum section now to answer any questions, of which I have loads.

They even have a project running of a miner that can mine scrypt but then with a push of a button mine SHA-256.

This could be just a wind up but if it true this could change a lot of things.

I mean if that wanted to scam, wouldn't they be asking for money right now?

I am tempted to throw some Bitcoins at it and see what happens, its only Bitcoins a few Bitcoins after all.

A Scrypt ASIC chip cannot just magically switch to SHA and vice versa, this company is telling porky pies, don't send them any money. Bitcoins are valuable why waste them on something as unprofessional and scammy as this dog and pony show.

I have been watching this for a while now. They have updated post now and it explains a little bit more but they are really holding their cards to there chest.

I would like to see a newletter signup section added though.

If there was a buy button on there already I would say 100% scam and stay well away but they seem to be holding off right now.

I'm going to go for it but only order one when batch number 1 opens up. Nothing to lose other that a few Bitcoin. Better than my 25GH's BFL miner that I have yet to see.

I contacted these guys a few days ago, didn't feel like joining their forum until I think about making an order.

They emailed back saying that the 50,000 KH/s might be an overestimation due to size constrictions. I guess they want the unit as small as they can get it, reminds me a little of BFL with unit size.

I asked if they are not releasing something a little smaller and they said one was in the works.

I guess only time will tell but still they are not even asking for any money or pre orders, I take that as a good sign,

Well, take it how you will but they are now listed on cryptostocks.com

I will buy like 1 share just for the hell of it :-)

Well I bought 10 of them, as I think I could make a profit off just the shares alone.

Not really bothered with the actual website/company/organisation or whatever they are.

Then again, I have loads of shares in most of the projects on cryptostocks, so this is just an extra one for me.

Any new users reading this, don't invest what you cannot afford to lose.

I did comment on one of there posts on there.

As for my photo, no-one had better been using it anywhere else.

I chose to use my real photo for a reason.

I did comment on one of there posts on there.

As for my photo, no-one had better been using it anywhere else.

I chose to use my real photo for a reason.

It looks to me like you actually made that posting, not just a comment on it. Anyway I've taken some screenshots in case anything is changed.

http://scryptasic.org/?author=1
http://scryptasic.org/?p=64

I am glad that you did.

I have emailed them, the image I have on here is linked to my gravatar, so I have not a clue how they would get it.

I have changed my gravatar email and password just in case.

And I can say right now, I did not make that post or having an connection to that site other than owning 10 shares on Cryptostocks. Besides, I have to busy running Extremecoin and getting services to mess about with a little wordpress site like they have.

That was a very quick response to your email. The photo has now changed to a placeholder image. Impressive customer service.

No they have not responded to my email yet. I just changed my email address to a different one on gravatar and changed the password.

A blank image now means it is pointing to nothing.

They need to get there own reputation and stop trying to piggyback on others.

If they don't email me soon to explain, then they can stick their 10 shares.
1946  Alternate cryptocurrencies / Altcoin Discussion / Re: The End of Alt Coins on: October 16, 2013, 09:44:09 PM


Expert tea leaf analysis is expert.
1947  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MΣC] Megacoin.co.nz - New formula is live on: October 16, 2013, 07:34:32 PM
So far, the only concrete differential Megacoin has over other alts is the 'gravity well' difficulty adjustment. Neat contribution to the cryptoscene but ultimately minor, and in today's swarming sea of clones not enough to make it rise up to be a serious contender.

Kimoto would serve the coin well to lay down a concrete, plain english development plan over the next 12 months. I bet there is a lot of people like me semi-interested in Megacoin but put off by the lack of Kimoto communication and annoyingly vague statements and hype.
1948  Alternate cryptocurrencies / Altcoin Discussion / Re: REALSOLID AKA COINHUNTER What do you say about this? on: October 10, 2013, 09:12:43 PM
As far as I know nor BTC-e owners neither BTER owners published their real identity. Haven't seen such thing on Cryptsy as well. I think if we trading on an unregulated market we should not expect the same behavior as we expect in the case of a regular bank.

RS mentioned yesterday, "Why should I disappear with the money?"...
He's about 40 and married with family and a house and EASY to find in fucking Tasmania or whatever...

Think plz you only know what he tells you. Online you can assume any persona your imagination can create, 45 y/o married man with kids online or 16/f/cali.

I view him as trustworthy. There is surely a small fortune in USD equivalent residing in his exchange wallets now. An unscrupulous character with ulterior motives would have disappeared into the night with that fat stash a long time ago. My beef is with the way he runs the exchange. He is the single point of failure. If he gets run over by a bus tomorrow the funds are stuck in limbo, seemingly indefinitely. Plus intellectual braggadocios are a pain.
1949  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] PhenixEx Notice on: September 27, 2013, 06:09:29 PM

the addresses my coins need sending to are

ADT > 2Augz5y4HPotBqT6yyKxfATACGSJzFpNe8
LTC  > LWsr4BacHwbU4kebx4Vc415yPTuqrsibm3


my account names are zackclark70 and zackclark701

I am posting my request here so it can be verified my anyone

Hey moron follow the fucking instructions..

and Ill be sure yours will be the last to go out

Maybe zack only read the OP and not the entire thread. Did you ever think of that? Perhaps you should update the original post if it's so important to you.
1950  Alternate cryptocurrencies / Altcoin Discussion / Re: [mcxFEE]How fuck this coin is! on: September 24, 2013, 07:43:18 PM
I doubt anybody buying at 0.99 is thinking fondly of all the upcoming dividends.

People are just buying it because it keeps going up in price. AKA bubble.

If you work out the dividends even 0.3 is overpriced compared to other Bitcoin stocks out there.

Don't get me wrong, obviously I would have loved to have gotten in at 0.2 but people buying now are simply not being analytical.
1951  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm sad to say it but the Litecoin pipedream is over. on: September 23, 2013, 11:36:40 PM
The situation is complex. Simplistic analysis does not capture the dynamics at play  Smiley

Litecoin is widely known as the number 2 coin behind Bitcoin. That's worth a lot. Litecoin market cap is multiple times bigger than all the other alt coin market caps put together. If you believe in the idea of an alt coin similar to Bitcoin catching on then it makes sense to back Litecoin rather than something else that isn't well known. If you don't believe in the idea of alt coins, kinda silly posting in this subforum imo. The coin landscape has changed a lot in the last half a year, the 50,000 strong bitcoin community on reddit was previously super hostile towards litecoin and would give it no credit, that's changed quite a bit now.
1952  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 21, 2013, 12:33:40 PM
As I posted in this thread the other week, Theswede was a huge, annoying troll on the bitcointalk forum before he went on to become part of this Labcoin project. His ignore button was bright orange from so many people having clicked ignore on him (I've noticed it's improved a lot since starting this thread).
1953  Alternate cryptocurrencies / Altcoin Discussion / Re: Can't login to mcxNOW! on: September 21, 2013, 12:29:53 PM
Could be a slight time delay with the authenticator out of sync. This happened to me on Bitstamp and it worked when I re-synched it.
1954  Alternate cryptocurrencies / Altcoin Discussion / Re: ByteCoin Poll (PLZ Sticky) on: September 15, 2013, 07:06:41 PM
Indeed that was my p2pool which was the last known Bytecoin pool out there. I did take it offline to replace one I was providing for Ahmed for this pool projects. I felt it would not be too terribly missed as I was down to 1 other user other then myself mining on it. I am now running my equipment running solo on BTE. I have been a majority of the network hash rate for quite some time now.

I supported the idea of a merged mining patch so that this chain would see long standing support from miners all over. I fear that if in the last while had I stopped mining it altogether it just may die.. After reading so many comments in this thread I am mostly undecided about it now. It seems this thread has sparked some more hash power across the network, 15+ blocks in the last 24 hours is something I have not seen in a long time.. Where where all you guys before this thread? I could have used your help along the way too ya know..

My biggest fear, should we decide to ditch the fork/merged mine idea (and to be sure everyone is on the same page here, including merged mining into Bytecoin REQUIRES that the chain be forked) is that if we continue to struggle along until finally we reach re targeting and have a new difficulty that better represents actual network difficulty, what's to stop someone or a few individuals with vast amounts of hash power from running us through that next low diff period and then abandoning us once again 2 re targets from now? Please make sure you consider this very possible situation.

We are currently fighting to keep BTE alive because someone choose to attack it, and that could happen again. While I agree forking the chain either in favour of MM or a different difficulty targeting algorithm does in some ways take away from the initial idea and also what drew me into BTE, it does also help protect the chain and any of our investments into the time in securing this network so far. 

I'd like to open more discussion on these topics, either here if Ahmed does not mind or we can start another thread on it. Most of the points here so far are very clear they don't want changes, but I haven't seen much for explanation of why they so desperately wish to leave it as is. I ask you now to weigh the risks, consider, and once again please speak your mind.

I'm fine with forking so we can merge mine it.

I'm against any adjustment to the re-targeting.

Merge mining is still keeping within the original spirit of Bytecoin. Changing the difficulty retarget is changing the protocol and thus destroys the unique selling point of Bytecoin and it will become just another alt coin which is like Bitcoin 'but a bit different'.
1955  Alternate cryptocurrencies / Altcoin Discussion / Re: ByteCoin Poll (PLZ Sticky) on: September 14, 2013, 08:51:12 PM
the merged mining would give it a more consistent hashrate. Think of the current hashrate + mmpool hashrate = new hashrate after the fork. What i was thinking of doing was setting the hashrate at the hard fork to something slightly lower in order to increase the block times. However i am in 2 minds about that

Firstly, I appreciate your efforts.

Now. Since you've confirmed my suspicion that your merge mining patch will lead to a higher hashrate after the fork, why would you not wait to see the effects on the block times? Tinkering the code to improve the block times should be a last resort in my opinion. If after a certain amount of time, the merge mining doesn't lead to a nice increase in network hashrate then we could look to improve the block time situation with a coding change.

I would be willing to assist in an effort to market the merge mining capability to the wider Bitcoin crowd.
1956  Alternate cryptocurrencies / Altcoin Discussion / Re: ByteCoin Poll (PLZ Sticky) on: September 14, 2013, 08:14:58 PM
i can agree but the diff is something that needs to be looked at, im thinking of setting the diff to be a static value at the hard fork so we can bring it down to a normal level

I'm confused. My understanding was that you are working on a merge mining patch. Would that not vastly improve the situation once implemented due to the significant increase in network hashrate?

I'm strongly of the opinion that tinkering with Bytecoin's difficulty or retargeting will destroy it's USP (unique selling point). We already have hundreds of coins similar to Bitcoin but 'a little different'.
1957  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 08:03:42 PM
Lol Theswede was a rude, annoying troll on the alt currency subforum before he went through a character change and made this topic.

That alone was reason enough for me not to invest in this security.
1958  Alternate cryptocurrencies / Altcoin Discussion / Re: ByteCoin Poll (PLZ Sticky) on: September 11, 2013, 06:14:26 PM
The whole point of Bytecoin is that it's a pure copy of Bitcoin. Making it different turns Bytecoin into one of the million other alt coins around here. Plus if merge mining is successful then the difficulty retarget will become a smaller issue than at present.
1959  Alternate cryptocurrencies / Altcoin Discussion / Re: If you withdraw PPC from BTC-e the price will rise on: September 08, 2013, 02:15:09 PM
BTC-e has had and might still have a very large stake in NVC, which is the primary competitor to PPC. This gives them a motive to suppress PPC through short selling.

Why would they list PPC on the exchange in the first place if they thought the way you suggest?
1960  Alternate cryptocurrencies / Altcoin Discussion / Re: [DGC] $30,000 Investment Acquired on: August 24, 2013, 05:47:04 PM
Market cap is based on the number of coins in circulation, not the estimated total future supply.
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