Bitcoin Forum
June 07, 2024, 02:55:40 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 ... 130 »
221  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] 1337 [MANDATORY UPDATE] 41.78% APR| POS ONLY on: June 14, 2017, 02:07:18 PM
I think the block halvings should be extended all the way to 3-4 % APR.
Also, there should be something that will lock the coins/use cases. Otherwise it will just get dumped on the exchanges.
New exchanges are always nice to have as well.
222  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN][EXCHANGE] Poloniex - Crypto Exchange with BTC/NXT on: June 13, 2017, 04:03:26 PM
In my opinion, Poloniex should delist all the shitcoins... By shitcoins I mean here coins that have been constantly been traded under 1000 btc/day and focus on the prime service of the coins that bring the volumes (and fees) to the exchange.
Now as it attempts to please all the communities they end up having poor service and a lot of lagging.
Their website has not been working fine with me for 1-2 years already when using mobile site... It basically kills the battery as it is somehow quite heavy to roll on mobile phone..
223  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 13, 2017, 01:27:57 PM
Kicking myself I didnt buy in when they were at $7 but there's a lot of that sentiment going around.

Don't do that, I'd be in bruises if I'd do the same - I regret selling at $1.60, though at the time it seemed like a good trade, having bought at around $0.40! Kicking yourself will not help!

Well, i hate reading this reminder to myself.
I sold half of my holdings last year at the breakout around $1+ which I bought at around $0.5+.

Now, this is the reason why I am holding tight the other half.  Cool

Do you think the price will rise a lot soon? It seems the price is lagging now.

Soon? IMHO, I don't think so.
Based on chart? I don't think so too.
Monero is for long-term and not a get-rich-quick medium.

I have to agree on this one.
Monero is not a coin that will make you rich soon.
If you want to get rich soon you should be buying 1337-coin these days.  Roll Eyes
224  Alternate cryptocurrencies / Altcoin Discussion / Re: 1337? on: June 13, 2017, 01:22:34 AM
I bought a few million 1337 coin and I am going to hold it as long as necessary.
225  Economy / Speculation / Re: Are we going to 5,000 $/btc ? on: June 11, 2017, 07:05:03 AM
The slower it rises, the higher will be the baseline for the bubble.
226  Other / Off-topic / Re: 7 Ways I Would Spend $10 Million Dollars: What About You? on: June 11, 2017, 06:37:54 AM
2 million into charity and 8 million invested in both crypto currencies and more traditional financial instrument (value stocks that has a good track record of paying dividends).

The charity I would pick up is one devoted to bring the Moschiach to the world, and personally I consider kiruv the most important cause in the world and it brings the most merits in the eyes of God. If one is helping Jews and also non-Jews to become righteous and keeping their responsibilities (for the Jews: 613 commandments, for the non-Jews only 7 commandments) there is no way God will not help you in your journey.
Bear in mind, it is said in the book of Psalms as follows:

1 A song of ascents about Solomon. If the Lord will not build a house, its builders have toiled at it in vain; if the Lord will not guard a city, [its] watcher keeps his vigil in vain.       
2 It is futile for you who arise early, who sit late, who eat the bread of toil, so will the Lord give to one who banishes sleep from himself.       
3 Behold, the heritage of the Lord is sons, the reward is the fruit of the innards.       
4 Like arrows in the hand of a mighty man, so are the sons of one's youth.       
5 Praiseworthy is the man who has filled his quiver with them; they will not be ashamed when they talk to the enemies in the gate.

(Psalm 127).

The moral of the story is that you cannot control on how much you make money by working harder.
Let's say you have an hourly pay and instead of working 40 hours a week you work 80 hours a week. Sure your paycheck is fatter, but also God will use his ways to suck your extra money away (in form of taxes, car repairs, home repairs, root canals etc).
The only way you can increase your share of the pie is to start giving out 10-20 % of your net income to charitable causes.
227  Other / Off-topic / Re: The Greatest Entrepreneur of all Times? on: June 11, 2017, 06:25:36 AM
The story how the Rothschild family got the merit to become as rich as they are is really inspiring if you ask me.
If you are interested, you can google-search for it. For one particular good deed basically everything they touched turned into gold.
The moral of the story in my opinion is that it is quite small things that make the big changes in our lives.
228  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 10, 2017, 08:34:30 PM

From the point of view of economics, what do you see the main problem with Dash?

Money needs to be a store of value, means of exchange and measure of value. What are the characteristics of money that Dash is lacking?

To be a store of value an asset must either be issued by an extremely powerful and relatively trustworthy central entity (USD) or be as close to trustless as possible (BTC XMR).  Dash is exactly neither of these.

To be a means of exchange an asset should be in use aside from speculation. (USD BTC XMR)  Not so much dash.

To be a measure of value?  Just about anything fits that bill.

Dash is a centralized, pre-mined, ponzi scheme.


Why exactly Dash method of using it as a store of value is worse than Central bank or decentralization as BTC or XMR?
Dash is decentrilized at some extent. Perhaps not as much as Monero but definetely there are more than 1-2 different masternodes, aren't there.

How do you know what is the use case of Dash? They have decent amount of places you can use Dash last time I checked (a few months ago).
Bear in mind, also Dash is accepted by Trezor so it is easy to store them in a safe manner.

You call Dash premined, well also bitcoin can be called premined at some extent (Satoshi and the few early miners mined shitloads of coins).
If you call Dash a ponzi-scheme, so is bitcoin. You get payouts if you mine bitcoins in the same way you get payouts for running a masternode don't you?
229  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 10, 2017, 06:53:26 PM
According to your definition also bitcoin can be considered as a ponzi scheme.
Basically anything that is valuable is with limited supply.

On this we may significantly disagree.  Had I appreciated the severity of the flaws in versions of Monero before RingCT, and had no faith in the team to manage the issue as they did, in the breach, I would have been railing against Monero likewise, but not for intentionally centralizing and materially facilitating the defungibilization of the currency - only for lacking the competence to make a meaningful distinction as against, e.g., boolberry.  

I do think that the actual technical and economic characteristics of real hard money will dominate in the long run.  Monero has them.  To my mind anything that pretends to have similar utility and value but lacks those characteristics is an imposture and a fraud.  Stop calling it money when it doesn't have the essential qualities of money, stop classing it with Monero when it does not belong in the same class, and I will probably just ignore it.  As it is, I feel it is needful to warn against such schemes.

If you want to collect rare Pepes that's none of my business.  I would advise however that the cultural value of Putin's Patek-Phillipe is likely to be much more persistent.  Even Mao's very perishable mangos have greater persistent value than Dash.

From the point of view of economics, what do you see the main problem with Dash?

Money needs to be a store of value, means of exchange and measure of value. What are the characteristics of money that Dash is lacking?
230  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 10, 2017, 06:49:52 PM
Dash is not even remotely competitive.  It is simply and purely a scam to steal money from the foolish and ignorant. The market cap of dash is an illusion created by temporarily removing most of the supply into masternodes which monitor all the transactions and insure that 90% of the network traffic goes through NSA controlled routers.  When the scam bubble pops all of those masternodes will get liquidated in a huge rush to the exits, crushing all the innocent holders.

Foolish they may be, but I don't think the holders are so innocent. DASH is best understood as a novel transparent Ponzi scheme. Duffield used to openly talked about crunching supply for the sake of raising the price so it's hardly a nefarious secret. Even today their marketing consists of creepy infomercial-like presentations designed to reel in new users. But the key is that those users go in consciously hoping to pull off the same on future buyers.

According to your definition also bitcoin can be considered as a ponzi scheme.
Basically anything that is valuable is with limited supply.
Basically Putin's watches can be considered as a ponzi scheme https://www.bloomberg.com/news/articles/2017-06-06/putins-patek-philippe-5208p-grand-complication-for-auction

No, it's not about limited supply or about selling higher than one bought it for. Ponzis promise payout (but rely on reeling in new investors because they do not possess a real business generating cash flow). Bitcoin has no payout; it's just a commodity and does not pretend to be more than that. DASH's value proposition is predicated on paying out interest to special nodes.

It is claimed that Satoshi Nakamoto owns around 1 million bitcoins and he mined them when mining bitcoins was easy ("premine").
Well, if you want to call running masternode a ponzi, be my guest but in my opinion it is one way of mining coins. The coins need to be mined in one way or another in crypto.
You can buy many things with Dash as far as I know. I do not know how much it is used for buying goods/services, and that's up to the community what they within themselves want to buy/sell for Dash. Many want to speculate with the price increase and therefore are not too hesitant to use it but chose rather hold it for longer.
231  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 10, 2017, 05:59:54 PM
Dash is not even remotely competitive.  It is simply and purely a scam to steal money from the foolish and ignorant. The market cap of dash is an illusion created by temporarily removing most of the supply into masternodes which monitor all the transactions and insure that 90% of the network traffic goes through NSA controlled routers.  When the scam bubble pops all of those masternodes will get liquidated in a huge rush to the exits, crushing all the innocent holders.

Foolish they may be, but I don't think the holders are so innocent. DASH is best understood as a novel transparent Ponzi scheme. Duffield used to openly talked about crunching supply for the sake of raising the price so it's hardly a nefarious secret. Even today their marketing consists of creepy infomercial-like presentations designed to reel in new users. But the key is that those users go in consciously hoping to pull off the same on future buyers.

According to your definition also bitcoin can be considered as a ponzi scheme.
Basically anything that is valuable is with limited supply.
Basically Putin's watches can be considered as a ponzi scheme https://www.bloomberg.com/news/articles/2017-06-06/putins-patek-philippe-5208p-grand-complication-for-auction

They are with limited supply and the supply is tied to the wrist/collection of Putin.

Pump and dump I would call a scam but definetely not a pump. Pump and dump schemes are meant to rake money from the suckers but if Dash basically pumps, the hodlers will only benefit and the newcomers pay the spot and see some appreciation via hodling a bag, and with a good luck also gets some new coins via masternodes.

Pyramid I would call it Dash but it is not a bad thing necessarily.

That being said, I hope Dash will drop because I have bids. To speak to my book I should bash Dash.
232  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 09, 2017, 06:46:08 PM
Pffffffffffffffffffffffffffffffffffffffffffff I'm going cryptopnuts these days. Reading a lot, viewing a lot, reading more and that in and endless loop. Shifting through loads and loads of crap. A lot of hype and moon talk, a lot of companies that have a coin as a byproduct (a crowdfund) of the services they offer on top of the blockchain and a lot of other just 100% useless coins that do not add anything to the whole cryptocoin landscape.

With a few other exceptions I think Monero is just the right coin. Great developers, great community (more rational and quiet), less or no pump and dump and a good outlook.

Will keep my cash in Monero.

What I do want to know from the monero ppl here is what they think about ETH or whom the Monero competitors are?

Dash is the main competitor to Monero but it is going down as I lowered my bids on Dash.
233  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 09, 2017, 05:52:43 PM
Dear Trolls,
Duckburg, 09th of June 2017


Do you think some of the wealth will suddenly be transfered from Dash to Monero?
I am becoming slowly but surely bullish on Monero and bearish on Dash.


Best regards,
TrueCryptonaire
234  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Soon: 100 dollar DASH on: June 09, 2017, 05:48:46 PM
Do you think Dash will crash soon to 100 usd?   Roll Eyes

Personally I lowered my highest bid today.
235  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [DASH] Dash Price and Trade Discussion Thread on: June 09, 2017, 08:32:08 AM
I have a few low ball bids in the markets waiting for a flash crash. If that will not happen, I am happy to hold my bitcoins as well - they are doing well and the bullish trend in bitcoin seems stronger than I expected. The weekly rises are not that big, there are some bitcoin dumps inside the weekly charts but it seems to recover nicely and slowly climbing up. The corrections in bitcoins are just minor corrections (-30 %). It seems bitcoin needs to go higher to reach the ultimate correction (-60 %). Therefore, hodling bitcoin may not be a bad idea.  Cool
236  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Next 100x on: June 08, 2017, 03:00:11 PM
1337.
237  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Newbie creating a portfolio on: June 08, 2017, 02:48:03 PM
Ok... Little change into the portfolio Smiley

I have trade my verge for edgeless...




I traded Verge for 1337.
We will see if it goes to the moon.
238  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Sell 7.5m 1337 @ 1 sat on: June 08, 2017, 02:39:36 PM
Too bad, it is now around 6-8 satoshi and probably the next 100 X coin.
The fact that inflation is cutting down by the factor of -50 % in the coming few days makes me bullish on this coin.
The odds are this coin will take off next and will create some wealth to new holders.

I do not recommend to buy any large amounts though, you get like 10 000 000 coins or so for pretty low price still so no reason take a mortgage on your home and go all in 1337.
239  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] 1337 [MANDATORY UPDATE] 83.5% APR| Next Halving ON THE 10TH OF JUNE on: June 08, 2017, 02:32:39 PM
I got a few coins. Always good to buy before it becomes scarcier...
240  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XVG] Verge - Speculation & Discussion on: June 08, 2017, 01:50:55 PM
i missed the 'hyped to hell' aspect. lol
course, i been in for 2yrs or more.


You know, I'm new in this whole crypto world and for me it looked a bit suspicious. Someone with about 1000 Posts and a Dagobert Duck profilpicture writes something like 'this is the next thing, invest now, in near future at least 1usd, switch from your coins to verge, buy as much as you can' and some other writes 'Oh hey if even this guy is saying that, than it has to be true' and within some hours the price went up to 200-240sat.

For me this looked like a hype created from one person within some days and as he had enough profit he dumped. But like I said, I'm new. Don't know if that happens once in a while, every month or if that had nothing to do with those posts.

Maybe it was no 'hyped to hell' but as I said, I'm a newbie Smiley

   This happens to almost every coin.  Don't buy the hype.  Research.  And be willing to hold good coins through the shit-storms.  I don't think the duck was the main cause.  I think he just grab hold once it started to take off.  A lot of people started getting excited and then you get the herd mentality, that just seems to cling to any little news,  and treat it as Gospel.      

   Verge could make it to 1000 sat, or $1, or who knows what, but it's not happening over night, and it will go up and down.  Just ride the waves and you'll be OK.  

ALT's seem to be trending down today.  And Bitcoin is stagnant.   And it's Thursday...   Who knows why things happen.  

Exactly my thoughts.
I have no power over free markets. If the markets look strong I am bullish and when the market weakens, I become bearish. Bear in mind, in crypto calmness is deceitful. It will go up big time or go down big time.
Stability will come when enough people are involved.
And no, I am not even trying to pick the exact peaks or the exact bottoms. I will leave them to others, but I simply make sure I buy low and sell high and if the parabolic movement would have required longer holding period I would have done so willingfully but I am not anymore a bagholder type of person, despite bagholding Verge may not be that painful as you have a paper wallet as an option though.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 ... 130 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!