I'm gonna do a poll actually - what percentage of me is idiot and what portion is savant. When I was born at 6 months I was supposed to die and the doctors said if I would live I'd be retarded. Ahahahaaaa. No joke, yet I became a straight A student with never reading a single book. Besides the bible I've read a combined total of about 3 books.
Well, that's telling, you clearly have very poor reading comprehension skills. So sorry, your lame CrapCoin will have to find a new and maybe unique way to get people's attention and going around like a communist barking orders and telling people which threads they should read makes you an outright douchebag just for that reason alone or never go to read one of your surely to be boring and riddled with half truths.
So at least forget about half truths and admit yours is just another worthless premined CrapCoin made with only one purpose: profit. First, where's the profit? So far I've only spent time and money. Second, what's wrong with profit? I'm don't this to make money not cause I live your avatar. Third, what's stopping a genius like you to start your own coin and make am profit or are profits against your religion? Fourth, do you think there's just one alt coin out there, just one, who hasn't made a profit or is planing to male profits? Finally, are you stupid on purpose to think people in this country work 16 hours per day, take risk and spend money, to NOT make profits? You should join a monetary, your avatar is a perfect boy loving man kinda thing. Just find a problem to SOLVE - then you might profit from solving it. This is why Bitcoin was born, to solve very real problems we face every day when storing and transferring value - those problems related to fiduciary money have a very profound impact in our lives. What problem is your crapcoin solving? It adds nothing of value to existing cryptos, your crapcoin's only purpose is to make profit, your crapcoin is a piece of malfunctioning sh*t, but still you keep going on with your delusions of grandeur, you don't stop repeating how generous, kind, transparent and intelligent you are, while you are just making a fool of yourself. You look very mentally unbalanced and I bet that posting 16 hours per day in here is not helping at all. Be careful man, if what you wrote its true you have already burnt a few k's of $ your family could need. And you burnt them for good. Calm down and stop being delusional. |
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The "How To Clone Scrypt Based Altcoins for Fun and Profit" tutorial on devtome has really made a lot of damage.
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I'm gonna do a poll actually - what percentage of me is idiot and what portion is savant. When I was born at 6 months I was supposed to die and the doctors said if I would live I'd be retarded. Ahahahaaaa. No joke, yet I became a straight A student with never reading a single book. Besides the bible I've read a combined total of about 3 books.
Well, that's telling, you clearly have very poor reading comprehension skills. So sorry, your lame CrapCoin will have to find a new and maybe unique way to get people's attention and going around like a communist barking orders and telling people which threads they should read makes you an outright douchebag just for that reason alone or never go to read one of your surely to be boring and riddled with half truths.
So at least forget about half truths and admit yours is just another worthless premined CrapCoin made with only one purpose: profit. |
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Price isn't driven by miners, but by traders and commodity speculation as has been amply demonstrated elsewhere.
This. It's obvious that price is not driven by difficulty, but inflation does have an impact on price - at this stage inflation in BTC its non negligible, and its in fact built into the system to pay for the work and costs of mining during the early days of Bitcoin. Thus, looking at growing difficulty and expecting growing price is a fallacy (in fact its the other way around) - but nevertheless Bitcoin is currently inflating at a 12.5% yearly rate, and what miners do with those newly minted coints has inevitably an impact on price. I believe that there will be lots of newly minted coins hitting the exchanges in late 2013, will just wait and see. EDIT: in fewer words, wether miners decide to speculate (holding) or to pay for their fiat costs (selling the coins for good) has inevitably an immediate impact on price. this is like concentrating on only one of your girlfriends butt cheaks, you know very well what the counter argument is. Inflation rate of 12.5%, how is that even a point? That's the fifth year in Bitcoin Survival= even if we assume linear and not exponential spread in bitcoin awareness, that's 20% more people using and storing value in BTC. -7.5% I love this bears latching onto a miners value case- they attribute psychological values wherever they please... when the price rose it was because everyone wanted to buy btc to buy asicminers, but asicminer wasn't selling his btc, even though 'asicminer is running it as a business' like they like to say whenever it suits them. suddenly asicminer and all the miners want to sell all their coins and only if the price dips, which is when they panic and drive the price further. What about last year, when inflation rate was 25%, how come the price went up 1000%... and the year before when it was 40%, why did it go up 1000%? frankly if miners drive price I'm surprised it isn't at -0.1 cent He didn't say difficulty drives price, he said it has a non negligible influence. Your numbers seem to support that. That said, I agree that counting on miners to sell out is a horrible assumption. During the bear market in 2011 supply exceeded demand at a certain point and obviously the exchange rate tanked, and obviously the miners also had their role in that. What I never said is that miners were the ones causing the bear market, the bear market was caused by the bubble pop, and I just think that the same conditions can be met this year. What a lot of rubbish. You haven't seen anything, you're just a bear and you've been jumping on bearish reasonings for ages.
All this aggressivity towards bearish opinions is amusing and quite telling. I'm not "jumping" on anything, I write what I see. If I'm mistaken and the price goes only UP from here, I will be very happy, I guarantee you that. |
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Because he spends 99% of his time writing nonsense, so there's not much more time to read. |
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In Chapter 10 of The Conquest of Bread, Kropotkin devotes a full section to the liberation of women via machines. He limits his descriptions to household appliances, but a clear inference can be made to extend this liberation to all spheres, excluding the futility of state participation. He describes women as "that drudge of humanity". I find this to be telling- less of Kropotkin's sexism, but more of the ubiquitous mysogyny commonplace both then and now.
Sure, you are right, I totally forgot that, I now remember that he somehow predicted the introduction of washing machines, dishwashers and the likes, but in any case he did not develop a deep theory about sexism, he is pretty much in the same line of thought outlined by Engels in "The Origin of Family, Private Property and State". |
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And BTW: I'm no programmer AT ALL, and its not so difficult to understand the basics of how crypto works, and how to make a Scrypt clone... It just takes a little bit of reading, the code is not so difficult to understand even if you are a profane - just stop writing nonsense AND READ. Can you make that exercise? Stop posting for a week, slap your hand when you have the temptation of writing a post, AND JUST READ AND LEARN.
This. While a background in software development helps there is a lot of technical information which is not in code form. One can spend a week just looking over the wiki to learn "how" Bitcoin (and thus any clone of it) works. The ability to improve knowledge is there. It is useful for project managers for example to understand at a high level how the systems they are managing work even if they aren't writing any code. Some examples would be that vlad believes: a) that a blockchain which has a reward of 100% until 7 years at which point it drops to zero is viable. b) that making the outcome of the block random changes the EV and thus favors small miners over large ones. c) that random block rewards are impossible with proof of stake. d) that an entity with 51% can change the rules of a protocol (i.e. a government making Bitcoin trackable and transparent). None of these are programming concepts they are high level concepts (and they are all false BTW). Not everyone needs to be a software developer but I would imagine (or hope) that the Winklevoss twins learned more about how Bitcoin works before buying a large stake and/or trying to launch an ETF. Reading through the public doc it would appear they either personally understand or have hire experts who understand at least most concepts related to cryptocurrency. That's very spot on. Vlad, just stop a little and read the above points, you will realize that your time will be much better used in reading and learning, you are lacking a lot of basic knowledge for even having the absurd idea of launching "another crapcoin". |
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Bitcoin is currently inflating at a 12.5% yearly rate
I'm not sure where you got that figure.Basic math. This year (2013) aprox. BTC1,312,500 will be minted, those are being added to the BTC10,500,000 minted until the end of 2012, so at the end of the year you will have around BTC11,812,500 That's a yearly inflation of 12.5% In 2014 it should be around 11%, in the following years it will decrease until aprox. 9% (2016) until it falls to 4% in 2017 because of the next reward halving. Yes, surprise, Bitcoin the deflationary currency its in a heavily inflationary phase and it will be for the next decade. Good thing is that the inflation is predictable and immune to third party manipulation. |
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Price isn't driven by miners, but by traders and commodity speculation as has been amply demonstrated elsewhere.
This. It's obvious that price is not driven by difficulty, but inflation does have an impact on price - at this stage inflation in BTC its non negligible, and its in fact built into the system to pay for the work and costs of mining during the early days of Bitcoin. Thus, looking at growing difficulty and expecting growing price is a fallacy (in fact its the other way around) - but nevertheless Bitcoin is currently inflating at a 12.5% yearly rate, and what miners do with those newly minted coints has inevitably an impact on price. I believe that there will be lots of newly minted coins hitting the exchanges in late 2013, will just wait and see. EDIT: in fewer words, wether miners decide to speculate (holding) or to pay for their fiat costs (selling the coins for good) has inevitably an immediate impact on price. |
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No that only adds another layer of complexity and nonsense. What wrong with programmers putting a star or rating next to their name. Is that complicated? Yeah, that's way too easy for anyone coming in here to figure out - let's send everyone to GitHub and maybe in a few months they'll figure it out.
You know, cause a ranking system, like this useless I got 5 coins under my name serves no purpose but its there but to have something similar which actually serves a purpose and would pay some people what they deserve while people looking to launch coins would actually find the right talent and maybe not launch more ShitCoins, well, who needs that level of clarity and communication, we're not business majors here, we're fringe hacker wannabes so why mess with common sense.
Yeah, great idea dude, I hope you're full of these, don't be shy, let them all out of your ass ASAP, it must hurt keeping that much shit in there.
And why business angels do not have a pair of wings on their profile, so you could find someone to finance your coins? Why do not economists have a gold bar in their profile? Sorry man, that's nonsense. Of course we are not "business majors". This is a Bitcoin forum, where you discuss Bitcoin. Then, there's some special olympics shit going on in the "alt currencies" subforums, but thats like the trashbin of this board, where all the scams and mindless pump&dumps happen - if you ask me, these subforums shouldn't even exist. If you want to look for a programmer, you go look for a programmer to the market, not to some forum. There are plenty of webs where you can outsource jobs to freelances, did you know? Then, if you want to know who are the best programmers in Bitcoin, go check the Bitcoin wiki. Do you want to see who is contributing to your favourite alt-coin? Go to github. Another level of complexity? Man, you need to be mentally challenged to say github is complex. Is the most transparent and easy way to see who is actually contributing to open source projects. If you do not even understand that, then you shouldn't even considering about launching an open source project, because you will fail miserably - you still need to lurk and learn. If you are not interested in an open source project, but you have this brilliant idea and you want to make your "private project", just go to the market and look for somebody to finance your project so you can hire some devs for months - because you do realize that a project that is not a simple clone will take months of development, do you? |
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Vlad, what do you think of this? Can you answer or the "revolutionary and unique features" are a secret? Vlad: do you realize one of the keys of success of the crypto concept is that its decentralize and open source, right?
Do you realize that Satoshi published his Bitcoin paper before even starting to code it, and that other great devs (from Gavin Andersen to Martti Malmi and Jeff Garzik) contributed for free because they believed the idea was revolutionary and worth their time?
So, if you are so convinced your ideas are unique and brilliant, why don't you share them with the community first, as Satoshi did? If they are so brilliant you will find devs that will work to make those ideas happen. Forget about premining, that just demonstrates that your coin is a get-rich scheme, the whole point is to change the world, isn't it? If you really believe your coin will be revolutionary just mine it from the very first moment - you may think that you are getting too few coins as you had the original idea, but at the end of the day cryptos are in its infancy, there still a minute part of the population interested in them, don't you think that if "your coin" really succeeds and its a game-changer being a mega-early adopter, mining from day 1, will be worth it?
So - what are those ideas that were "too ambitious" for your dev, and that you think will make your coin stand up among the others? What benefits does it have? |
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So can we get a list of programmers going.
Maybe a name and a number, on a scale of 1-10. A 10 meaning you can program anything - a true hacker.
A 5 meaning you can change code and add a bit of new stuff.
Please, this community shouldn't have to gamble with this and as a result instead of putting out a surest coin it turns out into a debacle and a total shit coin.
My coin could have been a pretty good coin, even the programmer realized it but due to lack of knowledge or experience and unable to find a second programmer I got screwed. That should have to happen c
We need a protocol in place where the right programmer can be found for the right job.
And look, if you have 9 stars, it also means you'll get paid more money automatically by anyone wanting to hire you. It works both ways.
Please, stop with that nonsense - just go to github, that's where programmers do their thing. That's where you need to lurk to see "who is who". Is it clear, bro? |
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Vlad: do you realize one of the keys of success of the crypto concept is that its decentralize and open source, right?
Do you realize that Satoshi published his Bitcoin paper before even starting to code it, and that other great devs (from Gavin Andersen to Martti Malmi and Jeff Garzik) contributed for free because they believed the idea was revolutionary and worth their time?
So, if you are so convinced your ideas are unique and brilliant, why don't you share them with the community first, as Satoshi did? If they are so brilliant you will find devs that will work to make those ideas happen. Forget about premining, that just demonstrates that your coin is a get-rich scheme, the whole point is to change the world, isn't it? If you really believe your coin will be revolutionary just mine it from the very first moment - you may think that you are getting too few coins as you had the original idea, but at the end of the day cryptos are in its infancy, there still a minute part of the population interested in them, don't you think that if "your coin" really succeeds and its a game-changer being a mega-early adopter, mining from day 1, will be worth it?
So - what are those ideas that were "too ambitious" for your dev, and that you think will make your coin stand up among the others? What benefits does it have?
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MtGox price is decoupling from Bitstamp and BTC-e again. There seems to be concern because there hasn't been a single person sighted who has actually successfully withdrawn money from MtGox since they announced the end of the hiatus. If this is true, then money hasn't been allowed to flee MtGox for at least a month. I'd consider the MtGox price distorted, and I'm not sure how long Bitstamp and BTC-e are going to follow it that much, so the price gap will probably widen more.
Personally, I doubt MtGox is broke, but clearly they are having major problems probably with their banks, and they aren't forthright about things and keeping silent.
Pretty much agree. The price feels completely distorted, there's even been a bounty for someone to show a wire going thru after the hiatus and nobody was able to post a screenshot. Wow, that's puzzling. If people cannot withdraw their fiat, they will slowly buy BTC to move it to other exchanges, maintaining the price artificially high on Gox; the other exchanges, keep following Gox (even if they are decoupling now) because at the end of the day, MtGox its still the biggest market by far. |
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Aright, get this: I followed the protocol that you "pros" created. Pay a dev and launch it. Nobody ever said proof read it and I actually tried but couldn't find anyone and when a dev said, I'm running it and it looks good, that's a test run so why would I doubt him?
For crying outloud, its 98% copy and paste, I wanted a few few features but it was "too ambitious, so I settled for the golden blocks. I thought in was dealing with a pro, why would I proof read it?
So here's my question, who here is a rea full blown programmer? All jokes aside, I've rather enjoyed, in a weird self punishing fashion all the laughs at my expense, but i thought you were all programmers, call me naivé or stupidé.
So can I have a few honest guys please stand up and say, ok, I can program anything and this is my fee? I don't mind paying more if what I get is real programming and not a hack job that is then my fault cause the programmer tested it and stupid me, an economist that can't code 2 lines didn't proof read it.
I wanna see how many can seriously program. I think MarKM is a real deal, I think maybe twoBits is the real deal but I'm not sure and there's gonna be a few more. If I get a set of real features together and they're new, then you guys make anything happen? Can this coin be salvaged if I add a few features to it that originally were "too ambitious"?
I'm asking a serious question - this is part what thisnforumnis about so let's get some honest answers. I got fooled once I don't want to make the same mistake again. If none exist then my only option is to go to the student lab where I went to school and talk to some grad students but who knows if they'll just steal my ideas. Hard to say.
Let's stop the laughter for 5 minutes and get an honest head count please of the real, the very real deals. Doesn't anyone have a bachelor's of science in programming here? Not that it's necessary but it would mean you can program just about anything. Thanks in advance.
And maybe real proven programmers can have a special star put next to their names so newbies know who's who when looking for a proven programmer, it would save people and the community a lot of trouble and in necessary laughter.
Well, let's have it, all real REAL PROGRAMMERS OUT OF THE COSET PLEASE! TIA
Man, please - stop being ridiculous. If you are serious just go to github and see what kind of contributions are doing the different programmers to the different coins, then get in touch with them seriously if you have a really good idea - but be careful, because you are making a fool of yourself, they will probably laugh at your "unique features" proposals, because so far your "unique features" are beyond lame (like the "Vlad Golden Blocks", the "SantaCoin", the "CatholicCoin", the "SoccerCoin"... - come on man!!) A place for you to start to see "who is who", without the need of stupid stars on forums: https://github.com/bitcoin/bitcoin/commits/masterAnd BTW: I'm no programmer AT ALL, and its not so difficult to understand the basics of how crypto works, and how to make a Scrypt clone... It just takes a little bit of reading, the code is not so difficult to understand even if you are a profane - just stop writing nonsense AND READ. Can you make that exercise? Stop posting for a week, slap your hand when you have the temptation of writing a post, AND JUST READ AND LEARN. |
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that doesnt mean people will start selling bitcoins asap. my mining rig didnt pay for itself and its reason i wont sell them cheap.
They will start selling bitcoins ASAP to cover their variable costs, or they will have to shut their rigs off. This already happened in 2011. Price was depressed for a long time, there were a lot of coins hitting the exchanges on a daily basis, and the hashrate actually declined because mining became unprofitable unless you had free electricity and no rent to pay for your operation. The "2011 mining gold rush" was triggered by a speculative bubble and a quickly rising BTC/USD exchange rate - history repeats itself, and the most probable outcome is that we will have the exact same situation in 2013. To this there is an added unknown - GPU miners always counted on reselling their cards, and ASIC miners are counting on this too ATM. Most newcomers still dream about selling their $2k rig at $35k on ebay like some Avalon batch #1 owners did. But, they are deluded - this won't happen, as soon as supply and demand of ASIC miners adjust there won't be much resale potential, the only way to sell your unit will be to sell well below to market price - which will be adjusted to how many BTC the miners will generate. I'm not speaking about the small guy buying one Klondike or BFL Single miner for his dorm room - I'm speaking about the big, professional mining operations that are being set up, and that will concentrate a big part of the hashing power. ASICminer did very well, they didn't have the necessity to dump a lot of coins because they did the right thing in the right moment. The right moment is gone, many didn't realize that and are investing in multiple TH/s thinking they will get rich quick. Those type of guys, which in aggregate will be an important part of the hashrate, are the ones who will have no other option than to dump to at least cover their costs. This already happened after the 2011 bubble, and I don't see why it won't happen again. |
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problem is, allot of those miners won't get ROI for many months. Knowing this, I would expect most (except for those who took out loans) to choose to wait for higher prices before getting their fiat back.
Exactly, I dont see why on this forums people seem to think that miners want to get ROI as soon as possible. I think 90% of them will just mine and hoard, for years Well, if the price gets high, it would make sense to sell to lock in profits. But if that's what people were doing, the bubble would not have been quite so crazy. I'm sure you know the bubble started more or less when block reward halved, which was a moment when nobody had ASICs yet, 99% of the network were GPU and FPGA miners... Those already had their rigs paid off long ago (no new GPU and FPGA miners for a while because everybody was expecting ASICs since last summer), so as soon as they saw their proceeds halved they started to hold like mofos, creating scarcity of coins, which made the price to grow - the growing price attracted speculators, speculators bought driving the price high, the media started to run stories about how Bitcoin price was growing, which attracted more speculators, etc... Wash rinse and repeat, speculative bubble in its purest form. This cycle is about to invert when ASICs will be widespread. Same thing happened in 2011 with GPUS. You really think people took loans to buy ASICs? I bet you most asic owners are early adopters from GPU times. I surely don't know what's the %, but I surely know there are a lot of newcomers spending all their fiat savings (tens of k's of $) in miners because they think they will break even in one month and then they will have a x10 ROI in the first year... Loan or no loan I don't know, but you can be sure they are throwing at this more money they can afford to lose because they think this is a "no brainer" and they do not want to "miss the train". I know for sure because I've been meeting/discussing with a lot of guys like that since March, both in cyber and meatspace. There will be a lot of pain for miners very soon, you will see. |
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problem is, allot of those miners won't get ROI for many months. Knowing this, I would expect most (except for those who took out loans) to choose to wait for higher prices before getting their fiat back.
Exactly, I dont see why on this forums people seem to think that miners want to get ROI as soon as possible. I think 90% of them will just mine and hoard, for years Well, if the price gets high, it would make sense to sell to lock in profits. But if that's what people were doing, the bubble would not have been quite so crazy. I'm sure you know the bubble started more or less when block reward halved, which was a moment when nobody had ASICs yet, 99% of the network were GPU and FPGA miners... Those already had their rigs paid off long ago (no new GPU and FPGA miners for a while because everybody was expecting ASICs since last summer), so as soon as they saw their proceeds halved they started to hold like mofos, creating scarcity of coins, which made the price to grow - the growing price attracted speculators, speculators bought driving the price high, the media started to run stories about how Bitcoin price was growing, which attracted more speculators, etc... Wash rinse and repeat, speculative bubble in its purest form. This cycle is about to invert when ASICs will be widespread. Same thing happened in 2011 with GPUS. |
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problem is, allot of those miners won't get ROI for many months. Knowing this, I would expect most (except for those who took out loans) to choose to wait for higher prices before getting their fiat back.
Exactly, I dont see why on this forums people seem to think that miners want to get ROI as soon as possible. I think 90% of them will just mine and hoard, for years Most of GPU miners didn't want ROI as soon as possible, as I explained earlier - they counted on reselling their GPUs, and they were mostly hobbyist. But I'm a miner myself, I know a lot of miners, I've seen in first person who are the customers of companies like KnC and how much they are spending, and you have to understand that this last media bubble exposed Bitcoin to a lot of new and uneducated people who run profit calculators at current difficulty (without having their miners yet), they do not even understand that difficulty is growing exponentially, and at the end of the day there is a "gold rush" in which a lot of new people is entering mining because they think they will get rich quick... So we have now a) a lot of individuals investing money they cannot afford to lose on BTC miners, and as you surely know there is a "get-rich-quick" feeling on BTC - they think they will recoup their investment FAST, and this is why they are putting in this game more money they should; b) there are more and more "professional" miners that are investing money in mining with the only intention of generating profit - they will run their operations as a business. That people has to pay for huge electricity costs, renting of industrial places where they will host their operations, etc. etc. etc. A lot of fiat expenses to cover. During the GPU era, I rarely saw a) and b) miners, most were small-time hobbyist, running their rigs in their bedrooms. During this change to ASIC, I'm seeing a lot of both a) and b). This people needs to recoup fiat ASAP. |
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I wouldn't say lazy devs. I can't fault the programmer at all. He was paid about $20 to throw something together in about an hour or so. Then when it was supposed to be read over, Vlad got antsy, because he wanted his coin now, and he launched it. Even with a team of programming devs, you can't reasonably create a coin with any innovation in a few hours. The entire thing went from concept to launch in around 48 hours. And 40 hours of that were due to him having a hard time contacting a programmer to make it for him. This. to Vlad $20 and a rushed couple hour long cloneCoin development with no testing is a long term investment. I just have to say this thread is pure comedy gold. I'm starting to worry a bit about the guy. He is in his 40s, jobless, he has kids and a wife, they are having a tough t¡me, and if you have read his kilometric posts he has thrown away thousands of k's he couldn't afford to lose in BFL miners (among other things) he will probably never receive, or that will generate nothing when they arrive... And he is thinking about selling his truck to gamble his last $5k in something that he hopes will make him rich quick (sorry, not quick, "long term", meaning 2-3 years). Seriously Vlad, you are not missing any train, you do not need to rush to do anything (just to go and look for a JOB and stop gambling with crypto), if you weren't so antsy you would have made some due dilingence on BFL and you would have known that you were throwing money to the trashbin... And this is just an example, the laughable failure of "Nuggets" is another example... Yes, this is "comedy gold", but some kind of "dark comedy" with very black humor... |
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