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Being put on pirate bay's front page didn't do anything for Litecoin's price.
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I will buy 100k litecoins for $100,000 worth of Bitcoins. This is a serious offer, pm me for details.
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but what is the max quantity that will be ever mined? I can't see that number anywhere. Is there a limit as for btc, ltc and others?
If it's based on the same philosophy of Sunny's PPCoin (which the code is derived from) there is no fixed upper limit. The 2 billion hard coded max is just for checking purposes. |
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Digital coin is only half the size of the market cap of WorldCoin. When coins have different amounts of coins in circulation you use market capitalisation to compare the overall value, not price. Or do you think BitBar is number 2 alt coin, with Novacoin number 3, because they are higher priced than Litecoin.
Btw, I hold both of wdc and dgc now. I used to hold YAC but I sold em.
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The technical specs of a coin aren't that important. It's community support, people driving to get new businesses accepting it, people building services around it, media coverage etc. That is why Bitcoin is number 1 and Litecoin is number 2, even though technically Litecoin is an improvement. And that is the same reason why Litecoin is number 2 and not any of the clone coins. The next coin that will be successful needs to focus on building a core community of vocal supporters as well as having a unique, marketable strength. The coin market is saturated now though so it's difficult to stand out. The problem is a coin which is too innovative has to gain the trust of users (because this is money after all) and PPCoin has shown how difficult that is, and I predict similar issues with Netcoin - it takes years for trust to be gained in a new protocol, as it did with Bitcoin. Yet a coin that is too similar doesn't stand out... and all the obvious parameter tweaks and permutations have been done, it seems.
Litecoin's growth will hit the next gear when a payment processor is released (this will be feasible after it goes on mtgox, btce isn't suitable for many companies imo) and a flood of businesses that accept Bitcoin start accepting Litecoin. The problem with Litecoin at present is that too many miners are hoping to make a quick buck and double up money when it goes on mtgox, without looking at the bigger picture and this has snowballed so now all people talk about with Litecoin is going on Mtgox. The quicker Litecoin goes on mtgox so the community can focus on other things, the better.
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I see you took my advice and changed it from 1 second blocks to 6 second blocks.
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Tbh, take away the question marks and they don't look confused to me.
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Nice find. Glad I am not a YAC miner lol. |
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Interesting graphs. How did you carry out those GPU simulations? Is there a GPU miner out there for YAC?  |
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I was wondering, how is it all these pools are 0% fee, even the popular litecoin one? Do donations really cover the server costs?
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well thats fine, there a lot of alt coins I don't agree with, just because I insulted your precious coin, don't blame me if you take it personally. And secondly if you got banned or think anything about my chat actions thats your own loss. Id think you find a majority of the users on their agree with my actions....
This has nothing to do with your btce chat actions, I've never even spoken to you on there. You can insult coins all you like, but your behaviour towards me and others in that forum topic I am referring to was unacceptable. I was shocked when I visited your profile and discovered you're not a 14 year old child but in fact a man in his late 20's. All because you wanted to buy some Feathercoins and you didn't like how much they selling for on the forum. Good luck trying to launch a professional service when you conduct yourself in that manner. |
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The FlashCoin blockchain will take up 1 terabyte of storage space on your computer within a year if this ever became popular.
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BTC or USD, the fact is LTC was very low prior to Gox rumours. How much it costed 1 year ago is absolutely irrelevant here.
It was over a dollar a few hours before the gox news broke. And it was 80 cents a couple of days before that. And prior to that it was 40 to 70 cents for a few weeks. Nothing like 3 dollars where it is now but it was still showing solid growth, and at the time those numbers were massive for an alt currency. What really kicked it off is when Bitcoin broke $32 and started it's bull run up to $260. People started kicking themselves for missing the boat and looked for 'the next bitcoin', at the same time lots of new blood came into the game, brought in by the media attention. |
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Last month the price was $2.5 for a while.  Besides Bitcoin was equally volatile in it's early days. |
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It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins. Yet, I see no finance team to complement the dev team. You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins? How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out? Congrats, you have invented the open source version of this financial nonsense. Except there is no central governing entity to bail out zenith coin. It will just fail, leaving a wasteful carbon footprint and nothing more. This is laughable. And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects. Your 'market making' activities will have the exact opposite effect of creating incentive for the devs. I repeat, this is laughable.
Let's speak about arbitrage here for a second. Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency. Yes, lets speak about arbitrage. Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model. It shows your inexperience, and quite frankly, immaturity and lack of discipline. Show me your proposed scheme. Is it strictly lateral arbitrage? That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD? And then what happens if BTC runs? You've basically crippled your returns. And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls? And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities? Who's the trading team? Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise? I can go on and on... It is clear the model for your coin is ill-advised. As you say, there are clearly some level of risk with regards to arbitradge and a potential to take on loses. Not every strategy may work long term. Howwever, this model is much better than any of the other coins that are out there. What value do they provide other than serve as an indirect way to mine BTC or LTC? This is the third time you've ignored my inquiries into your credentials as a capital manager and the details of who the trading/finance team is. It is clear there is no trading team. And it is safe to assume your resume lacks any experience in capital management. A coin is only as good as its devs and their requisite skills. So to answer your question as to what value do other altcoins provide, apparently the same value of zenith coin. As of right now you're just a seven character string asking everyone to assume your the Warren Buffet of the cryptocoin world. But I thank you for the chuckle... We intent to bring on board an individual experienced in HFT and another individual experienced in Energy Trading. Over time, we may solicit more expertise. But at this time, the core team are mostly software developers. Oh so you plan to use the 50% for your own HFT operations and yet we're supposed to take the published trading records in good faith, right? This is hilarious. Here, do yourself a favor, get this trading team of yours together, whip up a trading business model, go to btct.com and file for a debt offering. Repay your debtors interest/dividend payments via your trading profits. You'll see this is more viable and your fiduciary duties and obligations will be contractual (though still not legally binding, since btct.com makes it clear everything is virtually a game). Using a cryptocoin for your HFT ops guarantees nothing for either side. |
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I think a lot of folks are turned off to altcoins in general, from the sounds of it and the recent crap coin floods. I like YaCoin personally. Here's to it's continued market growth.
Yeah. Even legit ones like PPCoin with continued active development, have been taking a beating lately. Will be interesting to see what the crypto landscape looks like 6 months from now. |
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Not using your service because you swore at me in the forum and threw a tantrum like a child a few weeks back. In fact your entire attitude to everyone in that feathercoin topic where you tried to buy some was shockingly rude.
Learnt to conduct yourself on the forum in a professional manner if you ever plan to launch a service to people. I for one wouldn't trust someone like that with $1.
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This guy is the biggest hypocrite ever. He bashed Feathercoin for being a clone etc when it first came out to the point he was almost crying (btce trollbox and on cryptonit). Then it went to the moon and he raged like a little baby non-stop... Now suddenly he wants to release a clone coin and keep half the coins to himself |
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