Vircurex has made good both times that they were hacked in the past, so they seem to have been reasonably safe so far. They also give you "interest" (a portion of their fee-earnings) on certain coins (such as bitcoin). So you can presumably place buy offers offering to use bitcoin to buy things, and earn interest on those bitcoins even while they lurk at some lowball price. This makes it an excellent place to support the bottom end of the price range of a coin whose price you want to try to keep from crashing, as you can put offers at every satoshi of price all the way up from one satoshi, and still earn (assuming they really do pay "interest", especially on coins you are devoting toward providing liquidity and stability in this way) even though you hope no one will ever end up actually selling to you for only one satoshi. (You hope that because you want to support the market cap of the coins you are supporting; obviously if people do dump so many coins that they do take you up on your entire huge pile of lowball offers you stand to pick up a lot of coins dirt cheap so hey it is good either way... Either you get bargain basement prices or the market cap is upheld, either way you win.  ) Furthermore you can get a discount on trading fees at Vircurex by signing up using a referral link, so here is a referral link: https://vircurex.com/welcome/index?referral_id=597-1636-MarkM- |
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I have not added DOGE into my Latest Rates include-file yet (and not sure yet whether I ever will). However if you look at Vircurex.com you should be able to get a general idea of the price-range in which it is trading. I suggest that you simply join Vircurex and buy them there, it is more efficient than doing over the counter trades on a forum. I'll even give you a referral code that will give you a discount on the trading fees at Vircurex: https://vircurex.com/welcome/index?referral_id=597-1636-MarkM- |
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What signature? If you mean the automatic forum-user-sig I am not sure if we can edit those since the hack.
(It helps distinguish the point in the post at which I thought I was done typing, thus helping tell whether my terminal erroneously submitted early or a cat jumped on my keyboard and hit submit or whether I actually thought I was finished typing the post.)
When I get interrupted and leave a post partway-typed to go do something and later find I left the forum in middle of posting, I can see at a glance if I was done typing the post or maybe had had more in mind to type, for example.
-MarkM-
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Well if other things tend toward cheaper and cheaper too, which they ought to in relation to bitcoin if bitcoin deflates as it is hoped/expected to, devcoin will be a lot more useful than bitcoin for buying cheap things since it gives much more granularity then just "one satoshi each, two satoshis each etc".
Albeit scale helps with that kind of thing too in Open Transactions. Cheap things can be offered on large scale markets, so for example instead of having people offer a number of bitcoins for one of something, cheap somethings could choose to use a million at a time scale market or a hundred thousand at a time scale market in which people bid bitcoins for whole millions or whole hundred thousands of the cheap thing.
(Bear in mind that all assets, not just shares and deeds but also currencies, on my server are integers, so when you bid in bitcoins for something you bid in whole bitcoins for whole somethings... Probably resulting in bitcoiners preferring to offer their bitcoins for sale for cheaper things to bid for them rather than to bid bitcoins on a market where the something else is the thing for sale and the bitcoins are the thing in which bids are being taken.)
-MarkM-
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sendtoaddress 1BitPoPW7jeHYyiEXvngwH8U1Mpk83E26r 0.08526724
b4466dbf7c09ce3527243a7583f75e7969d6cc7291dd17c83e5332a9b20ed782
-MarkM-
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44000 * 2.40216941 * 0.98
103581.54495920
last / 1190491.26842474 * 0.98
.08526724
0.08526724 BTC
Send GRP to 2hgfXMwri6DjZ9sarrzj5XhLGKuDBUNkLcJ and tell me (in PM if you like) a bitcoin address to send the BTC to.
-MarkM-
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See previous post. You send first. But I need to fire up a GRouPcoin wallet to obtain an address for you to send to...
...And will edit it into this post once I get it...
-MarkM-
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Hmm okay let me go consult a calculator hmm hmm...
Latest rates: GRPrate=2.40216941 , BTCrate=1190491.26842474
45000 * 2.40216941 * 0.98
105935.67098100
last / 1190491.26842474 * 0.98
.08720513
0.08720513 BTC ?
-MarkM-
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Oh okay, sure, at that scale I can buy at hmm lets say 2% under the listed price/value? With, say, DeVCoins? (I am as loath to part with bitcoins as my players are.  ) -MarkM- |
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As I just added to my previous post, the GRP values shown on those tables and plots is way too crazy-low to tempt me to sell.
My players, mostly having roleplaying-game experience in which there are so many copper coins to the silver coin, so many silver coins to the gold coin etc are still pretty confident that ultimately, once its difficulty catches up to that of devcoin, groupcoin with be the 1000-devcoins coin. So getting them to part with any is almost as hard as getting them to part with any bitcoins for less than gosh I don't know maybe $10,000 to $300,000 or so per bitcoin...
But, mmpool.bitparking.com merges GRouPcoin, so likely once some miners get into the Open Transactions server they will dump, and my players will eat up all their dumped GRP at the kind of crazy-low prices shown in those tables and plots if the dumpers are fool enough to dump them that cheap.
-MarkM-
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Also, some servers have the "usage tokens" system enabled, thus will require you to obtain usage tokens" before you can actually do anything on them.
They really ought even to not let you register a nym until you have first made arrangement to have "usage tokens sitting on the server waiting for precisely that nym to try to register...
Any nyms lurking around that would like some free "usage tokens" ?
The idea behind bitNicKeLs was that they would be used to nickel-and-dime people to death, or at least to squeeze a few nickels out of them, so the plan was that eventually the "usage tokens" on the Digitalis server would be sold for bitNicKeLs, but right now, limited time offer, holiday special and all that, a few people lucky enough to get an Open Transactions client for Christmas and get it up and running can get some free...
-MarkM-
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All that is happening is that we have not yet built up enough "depth" at the bottom of the buy side of the order book(s) to accomodate more than 200 million coins being dumped per month.
It should not take long to reach a point where we can put in a buy order for a billion or so coins at one satoshi each every month to accomodate people who want to dump, and eventually to have a buy order at one satoshi per coin that is big enough to buy each and every devcoin that exists.
At that point even if everyone tried to dump all their devcoins they would be able to, and the folks sitting earning interest on their bitcoins on Vircurex with those bitcoins parked in such buy orders will be laughing all the way back up to 350+ satoshis per coin and it will be trivial to buy up the new 200 million being minted each month, even maybe to give the dumpers a break by offering two satoshis each for them.
Then each cycle, as we have already been seeing, of down to however low the dumpers are willing to go, or feel forced by starvation etc to go, and back up to whatever price buyers are willing to pay for reasonable quantities, the dumpers can dump while the rest of us buy up all the cheap coins, then those who prefer a nicer price for their coins can sit them up over 200 satoshis or over 350 or wherever ready to get sold the next time a buyer comes along who wants more than the few billion that get minted per year or even just more than the few hundred million that get minted in the course of a few months.
How many devcoins worth of buy offers do you have sitting at 1 to 30 or so satoshis waiting for dirt cheap coins from dumpers? The more buy offers there are down there, and the higher the huge stack of such offers climbs, the harder it will be for dumpers who are only dumping a few months minting worth of coins to drive the price down into that pile.
Mostly it is maybe just a matter of gaining trust in Vircurex, trust that by the time they run off with all your bitcoins that are sitting there on the buy side earning interest all those coins will be just part of your profits so you'll still be ahead even if they do run off with them.
-MarkM-
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Back when GRouPcoin and DeVCoin were created, the forums were full of people screaming and shouting that bitcoin is doomed, it is a flawed model, deflation is deadly, a currency absolutely has to continue being printed, and on and on like that.
So GRouPcoin and DeVCoin were deliberately created to just keep churning out coins, to basically prove that those people were so full of shit that they would not support a non-delfationary coin themselves. Sure enough, none of them jumped onto these coins that we made for them as far as I know.
DeVCoin though has an actual reason for doing things the way that it does. It deliberately is doing it, there is no error or mistake, if you don't like coins that keep minting then please just go away and play with some coin that is deflationary or something.
Your voting idea is a big problem with democracy. "We have decided to violate all our contracts and thereby screw everyone, ha ha tough luck everyone who believed our promises, we had another election and decided to break all the contracts we made last election. You can always depend on the masses to vote for bread and circuses even the Romans knew that what are you stupid or something, what a sucker ha ha maybe we should spawn a bunch new contracts to break and screw you all all over again you suckers..."
Go play with Novacoin they are into doing that kind of crap.
Oh Solidcoin too, you are right scamming is popular isn't it?
-MarkM-
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You support bitcoin by the very act of merged mining altcoins, and bitcoin reciprocates by supporting your merged mined altcoins.
So there is no inherent conflict necessitated by using and supporting alt coins; it is mainly just those that could have been made capable of merged mining but chose not to that are being unsupportive and, of course, thereby ultimately (it is mostly just a matter of time) screwing all their investors who don't get out in time before the pretty much inevitable ultimate train-wreck.
-MarkM-
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OK, we know that if anyone has 51% of hashrate power, he can manipulate with the coin network. But do you know about any case like this?
Is there an scrypt coin that is hasn't yet happened to? Maybe litecoin? (And even then mostly because the attack was a bluff that brought enough miners back to "defend" the chain against the announced intent of an attack.) It is pretty much normal for all these new coins to get chain forks, their own miners attack them inadvertently even it seems, they are so insanely vulnerable. As soon as there are three scrypt chains it is mathematically inevitable that at least one of them has less than half the hashpower. There are more than three. Oops, worse and worse... -MarkM- |
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And GRouPcoin? (We ran GRouPcoin during development of devcoin so its genesis block obviously must have an earlier datestamp than devcoin's.) I suppose we can pretend UKB, CDN, UNS, NKL, MBC, GRF, GMC and UNS never existed... ( See http://galaxies.mygamesonline.org/digitalisassets.html ) Along with weeds, BEER and other coins that used the multicoin codebase... -MarkM- |
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Well how many coins are there of it? How many in total?
Divide a dime by that and maybe you'll be closer to a fair price...
How many are mined per day? How many per block? What is the difficulty?
Is it spamming orphans, aka instamining? How many coins were mined in the first second, the first minute, the first hour, the first day etc?
(Is the first day even over yet? Seems like I saw an announcment that such a coin was coming soon or something just a few hours ago?)
-MarkM-
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