Why is nothing happening? Overstock not enough to take us back to >1000? WTF?
People buying stuff on overstock will increase selling pressure, because the coins are immediately sold for fiat via coinbase. |
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So tell me again doomsters, you can't actually spend Bitcoin on anything? Just listen to the silence.  |
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If these arse-holes had a fucking brain they would self limited their hashing power to a sensible number like 35-40% of the network to ensure we don't have a problem like today as they creep onto 50%.
IMO any single entity controlling > 1% is a concern. |
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About GHASH.IO/CEX.IO anyway, I am not sure they will be wise enough not to do anything in order to avoid screwing up the system, did you forget about this?
Yes, I agree, but what happens if a malicious person hacks in and take control of the hash power? Having so much hash power in one centralised place is an extremely bad idea in every situation. |
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This is the reason everyone should be using p2pool.
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While the topic is important, you may want to read up on how double spending works.
Also 50% is not some magic number. It is quite possible to successfully double spend with less. After all, finding blocks is random.
Really? I was always told that 51% was the "magic number" for double spend. Anyone else confirm? Yes this is true. I did see a spreadsheet once where someone worked out the percentage chances of executing a successful attack with say 40%, then 35% etc.... I can't find it now though. This is why everyone should be using decentralised p2pool, not centralised pools. IMO centralised pools are a massive risk to the whole network. |
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But there's nothing they can do, other than accept it.
Chinese government has done a pretty good job of not accepting it. Any over government can easily follow suit. |
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No.
Tenebrix --> Fairbrix --> Litecoin
Tenebrix Genesis: Thursday, September 8th 2011, 08:16:17 (GMT)
Fairbrix Genesis: Sunday, October 2nd 2011, 04:31:18 (GMT)
Litecoin Genesis: Friday, October 7th 2011, 07:31:05 (GMT)
There seems to be this idea around in the altcoin community that Litecoin was the first scrypt coin. It wasn't.
Thanks for posting this. I am happy that I had sold off 95% of my LTC holdings earlier.  It doesn't matter of course. I'm just debunking this Litecoin was first scrypt coin myth that's all. |
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Premine
Fail
?
What's wrong with that? Don't the developers deserve some piece of the action?
Because if you pre-mine your creating the coin for your own financial gain, not because you want to create a coin for the benefit of the community. Does your paycheck go to you or someone else? People should invest in an idea because it solves problems in a superior fashion, not because it benefits "the community". Socialist drivel. Because if it's pre-mined it's not for our benefit is it. It's purely for his financial gain, and exists for no other reason. |
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So is China going to ban all CPU's, GPU's and FPGA's as well? I think not.
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bitcoin and litecoin are they only two coins which will go mainstream , all the other crapcoins are scams.
Really? But if Litecoin was originally cloned from Fairbrix. How can Fairbrix be a scam and Litecoin not? I think you got your order of operations mixed up there. No. Tenebrix --> Fairbrix --> Litecoin Tenebrix Genesis: Thursday, September 8th 2011, 08:16:17 (GMT) Fairbrix Genesis: Sunday, October 2nd 2011, 04:31:18 (GMT) Litecoin Genesis: Friday, October 7th 2011, 07:31:05 (GMT) There seems to be this idea around in the altcoin community that Litecoin was the first scrypt coin. It wasn't. |
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Think outside the box, it wasn't a ponzi. Hint: the name.
Why would you call it "Dank Ponzi" instead of "Dank Bank"? |
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What other methods would you envision to compensate the developers and early-adopters?
None. Satoshi has done 99.99% of the hard work for you anyway. |
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“I don't know what my IQ is. People who gloat about their IQ's are losers” - Stephen Hawking , December 2004
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bitcoin and litecoin are they only two coins which will go mainstream , all the other crapcoins are scams.
Really? But if Litecoin was originally cloned from Fairbrix. How can Fairbrix be a scam and Litecoin not? |
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@hoffman - Is that you Dank logged in under a different account?
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We'll wait and see. I'm not going to hold my breath.
Hong Kong bans them in 3...2...1....
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Funding for community development
Is this the new way of disguising a pre-mine? |
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Premine
Fail
?
What's wrong with that? Don't the developers deserve some piece of the action?
Because if you pre-mine your creating the coin for your own financial gain, not because you want to create a coin for the benefit of the community. |
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