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1Lrodkwogkdjwoeo72kfpelgr83JhjKO
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I hope you make billions! Thanks for supporting crypto currencies in general!
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...because of the sheer potential game change that it could mean for the crypto scene...
Game changer or not? I don't know. One thing I know - eMu is backed by at least half a dozen of people who have the balls to walk the talk -> that is what refreshing to me. Sure, eMu doesn't have all the best of the best, not yet! But for a pre-launch, have you seen anything better? mikaelh, for example, is a brilliant coder, but he did not get involved with Primecoin until it was launched. As an analyst, I predict there will be a flood of people wanting to join the team once eMu is on exchanges and has proven it's rock-solid system as a currency. The BTC trolls will hate it, because eMu is immune to GRQ parasites, so they can't make quick bucks of it, but the smart ones will not fail to recognize its true potential to change the way we: - trade
- communicate
- store things online.
yes, it's not just trading, there are lots of ambitious plans with eMunie, just not publicly annouced yet. I want to learn more. Is eMun inflationary deflationary or something else? Where can I read more about it? I want to learn why traders will not be able to profit from trading it (if I understood that part properly?!). |
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Just because you couldn't understand how Moore's Law regulates inflation in the long term does not mean it doesn't work.
PPC has already demonstrated that it works very well, via an accelerated schedule due to the introduction of ASIC mining. PPC currently has the lowest inflation rate among all top altcoins. How about a collapse in demand? Let's say PPC price drops to 0.0001, 6% of its current price, how about difficulty then, still gonna be at 60K, inflation rate is only going to double at most, still way less inflation than quite a few altcoins such as FTC. That is exactly as designed, Moore's Law would dominate the scarcity model in the long term, demand only plays secondary role in short term.
The scarcity model is by design and of course intentional. It strengthens scarcity in the first four years than bitcoin's design, meanwhile also gives early adopters/investors reasonable advantage. I am pro free market and do not have a jealousy problem toward them, rather I recognize their important roles to help with the growth of the currency.
What you link is propaganda from CMC people. They copied PPC without giving credit yet spread this propaganda about how PPC and XPM (among several other top altcoins) are unfair. Yet they conveniently forget to mention in their malicious propaganda that both PPC and XPM had about 10 days of pre-release notice so the mining public had fair opportunities to participate. Also, both PPC and XPM have no cap, meaning in the long term the seemingly high initial mint quantity would be constantly diluted unlike other coins with cap scarcity model.
Sunny, if price falls and if miners stops mining because price falls and the supply of coins increases because of falling difficulty (yes a lot of if's and perhaps it will not unfold like this but IF it does happen this way [please humor me]): then do you think that it is possible that new miners will step in to mine these easy/cheap coins - hoping that difficulty and then price will go up later on therefor considering it a bargain thus pressing up the difficulty yet again creating aa self-fullfillinng prophecy? |
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Sorry for your loss. In the future, run Ubuntu from CD, install Qt, disconnect from internet physically, never mind syncing blocks, create new wallet, extract private key and save on paper or somerhing, switch of power to computer. Now when you do mining, send all proceeds to this cold storage and do it at once you get the coins.
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Upvoted it, enjoy.
Hey man, thanks! All votes counts  |
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Wow thats a hugee list. I preferr Lite and Prime.
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This is great! Oh and probably a floor or a cost to this transaction to prevent spam attacks.
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Will Bitcoin survive 1000000000000 more years? Probably no. Will Primecoin exist that long? Probably no. Will Bitcoin exist tomorrow and will Primercoin? Yes, yes. Everything is doomed, life-span iss unkown. Question is: How much money can you get from trading it, before it dies? Personally I think Primecoin will make new highs before it dies - hence you might double your money if you buy now. I do and I buy a lot.
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Centralized issuing of a non-inflationary non-manipulated currency is a pipe dream. Only way of creating a deflationary digital currency is by decentralizing it. Privacy/Anonymity is needed as protection against governmental crack down on a decentralized (read uncontrollable) currency. There already IS a centralized digital currency and it is called USD and it happens to be a world reserve currency.
Edit: im neither a druggie, nor criminal. I trade currencies. Actually it would be in my trading interest to see a regulation and bitcoin public push with blessing from the gov. But then again Im not stupid and understand that what we rhen have is _not_ bitcoin. Rather just some digital gov. controlled money.
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When I get the miner I will hand it out for free!!!!! This means that people paying to re-sellers will Loose compares to getting itit for freefree from me. I will ask for tips After youve downloaded instead! If someone offers the same without asking for donations I will start paying people for downloading it from me!!! I might or might not dodo this?! Pay me donations toto find out if this is true. I will also throw inn a fix for liars paradox inn the deal. Extra good opportunism now!
Please go back to skewl and learn how two spell. I was joking. Thought it was obvious but perhaps not. |
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When I get the miner I will hand it out for free!!!!! This means that people paying to re-sellers will Loose compares to getting itit for freefree from me. I will ask for tips After youve downloaded instead! If someone offers the same without asking for donations I will start paying people for downloading it from me!!! I might or might not dodo this?! Pay me donations toto find out if this is true. I will also throw inn a fix for liars paradox inn the deal. Extra good opportunism now!
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Ive bought "some coins" (not on that exchange though). I know why Im buying and it isnt that strange that people are. Actually my plan is too buy a truck loadd more. Look around, many of the obvious pump n dump coins are now old enough to show their true color. Forking a coin isnt enough that much is clear now. Much like Litecoin, Ppc Primecoin has something that is _new_ proving it to be more the "just a fork". Meanwhile price of Liteoin is crashing from ocerbought levels and for sure Primecoin is ready for. GPU Aminers that will runn up thw diff causing evenen fewer coins toto be mined. At the same time Primecoinn is anan "unkown" and has not yet proven too be a sucky coin - so there still is a slight chance of it being successfull thing. Hence, sell Litecoin and buy Primecoin. Sell crap coins buy Primecoin because of the fundamentals. Techbically speaking price has been inn a consolidation period, proving that noone is willing to sellell themthem cheaper, which means that the next thing we willl find out is how expensive they could get - making them an obviously very goood technical trade riskreward wise. Ive noticed that Im buying aa lot more then other people on the exchange I am at, but Im betting that more people will join inn when they begin to see price climbing. Hopefully we _dont_ see an explosionn in price but an orderly climb. At this point it is however 100% that it is a pure price speculationn on poor fundamentals. Highly illiquid maket and big risk for big positions. Just my 5 cents.
Edit: to be super clear. Which has the greatest odds of doubling, primecoin or bitcoin? How much monwy is needed toto double btc compares to xpm? As I said, right now a bet Imm willing toto make.
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Asic protects Bitcoin against gov attacks etc. AltCoin protects against Bitcoin hegemony.
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The smartest thing to do is to engrave the private key on the lens inn your eye. That way you can always see it. Since Im into AltCoins I have a huge list of priv keys so I had to dedicated my left eyeye for this. But its pretty safe. Will never in my life use a retina scanner though. Also since priv key is so dangerous if other see it, nowadays I only use the public key.
Edit: on a more serious note I guess the priv key isis best stored, engraved in a durable material duch as metal or stone. If metal starts to corrode, just make a new one. Dont engrave inn goöd or silver though because most people will see another type of value in those.
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How come u dont do a zerocoin? If undo that u could get very rich.
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I think a totally new alt coin should be created for zerocoin because that is lowest risk and barrier is lowest.
Many of you will laugh me off as paranoid, I approach these issues as a "think of the worst case" situation and prepare for it. I think we will waste a lot of time and resources by assuming the worst case and preparing for that. It does not seem like a rational strategy to me. The rational strategy would be to weigh risks and benefits, and adopt the solution that best balances these two aspects. In the case of Zerocoin we have both a lot of added risk (the protocol hasn't actually been deployed yet), and it increases the hardware requirements (CPU power, storage space, bandwidth) of running a full node. Given that the benefit is, at best (ie. in case there are no vulnerabilities), full anonymization of all transactions, and given that this can already be achieved selectively by individuals who require this feature, I think Zerocoin should be implemented as a separate cryptocurrency, and tested out completely separate from the Bitcoin protocol. I think a lot of people quickly forget just how unsafe Bitcoin was regarded as just two or three years ago. This would start all over again with a modification of the core protocol, and if you worry about a declining price of bitcoins, I believe modifying the existing core Bitcoin protocol would do much more harm than a separate Zerocoin taking off. At the bare minimum it will take as long as Bitcoin has existed for people to trust that protocol, and probably longer because introduces more complexity into the core protocol. In other words, I don't think we are in a hurry. Zerocoin, as a separate cryptocurrency, will take a long time to gain confidence from users. If you are afraid it will supercede Bitcoin then buy some "Zerocoins" for your bitcoins. It's as simple as that. Cryptocurrency-to-cryptocurrency exchanges are extremely efficient, and you could hedge your position as you see fit, instead of forcing every Bitcoin user to adapt to your worst case scenario. If this separate Zerocoin becomes more popular than Bitcoin, I'd be very happy! It would mean that it has greater value than Bitcoin to the people using it. Bitcoin is already amazing, improving it can only be positive. If you worry you will lose out financially on this, then, again, buy some "Zerocoins" for your Bitcoins. Thanks for your response, very well reasoned and after reading what you have to say I do agree. I didn't think about the possible downsides to Bitcoin if it was forced onto all the users and then if it was found to be insecure the loss of confidence would indeed be devastating. Cheers runeks. Thank you for a well balanced discussion. I would like too emphasize the part inn my argument concerning barrier. It could potentially take a long time t convince bitcoin community to accept zerocoinn development, hence the effort involved in creating a new alt zerocoin would be lower (no one at all to convince, no concent needed and so forth and so on). If zerocoin is a success and worthwhile integrating in bitcoin the discussion about doing so could then be had and at that time with more certainty about risk and benefit. My take on zerocoin is that IF third party trust could be somehow removed then that would be a major improvement. If not, research and more knowledge is good anyways. |
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I think a totally new alt coin should be created for zerocoin because that is lowest risk and barrier is lowest.
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