Liberia or Sealand.  Either polar pole.


Or even better still, in international waters.

Statements like these are sort of a red flag to me. If you make statements like this, there isn't much point in discussing topic with you in a thread (or any other), because you are not making logical points.   If 1+1=3 while 2+1=3 then it would be worthwhile for me to try to convince you of something.

(With the legitimate exception of a mistake made, or a typo....)

Oh never said they will be successful.

They may be succesful to some various extents, but no hegemonic entity will be able to terminate Bitcoin.

Bitcoin will triumph. I think it will be around until it will be replaced, eventually, by a superior coin somewhere down the line.

You can't kill good ideas, and it's very tough to beat fantastic software that is distributed in nature.

Absolute worse case I can conceive as possible is that BTC is banned worldwide by every government. And even in this scenario, it will succeed and gain value, as a currency limited to only the blackmarket (drugs and laundering.)

Because BTC is currently what, somewhere along the lines of 0.0000000000000001% of the world economy?  

They will. In the future many gov's, especially the good ole American empire, will go to great lengths to disrupt BTC as much as possible.

Investors on the other hand will see the opportunity and will get involved, to profit.

Pretty much all of OP's arguments have already been disproved by BTC already having gone from being worthless to over a $130 usd in very few years.

thanks for this ! Didn't know this site, and it is great. I've sent you 20 cyber-points.

Thanks for the recommendation Luckybit. I'll check out the link and give it consideration, for sure. After about 3 weeks from now I'll have time on my hands (a contract is ending) and a strong itch to get some sort of development work going to contribute.

ASIC quality?  Wow that's a really cool feature.  That must be some what new, I used review for a living, and never even heard of such a new-fangled concept. Didn't even know that was possible; I'm gonna go read up on how it comes up with that value. That is really interesting...

I think this thread was taken out of the oven a bit early.

Good luck to OP with his plans....  But ya, perhaps best to spend your energies on your actual product, and then announcing it when you have a bit more concrete details to offer, I humbly suggest.

One vote for 'no more coins until Netcoin' please.

I personally don't feel most (or maybe all) of the proposed coins offer anything new of value.

Highly unlikely, Avalon has shown themselves to be competent.  Additionally, ordering more already-designed chips and then having those sent out is also much more straight-forward than having to build mining units, with the chips and then every other component.

Avalon has been about the opposite of BFL in terms of lateness, honesty, value and trustworthiness.

I find this situation fascinating from a psychological perspective.

If someone repeatedly lies to you, why would you suddenly think that lie #19, lie #23, or lie #58 might actually be true? What makes you think that this time they are telling the truth, as opposed to the previous 30 or 40 or 50 lies?

This company has proven that they can not be considered honest and trustworthy. At least to anyone who has done more than 30 minutes of research on the forums here.

Fascinating situation...

This would be nice. Not sure if that is realistically feasible, but it is pretty amazing to consider that if there was a 1% 'tax' on mining computations it could conceivably be enough resources to actually make a dent in something very major, such as a cancer research, or find some aliens.

Thank you LuckyBit for your posts. Great explanations, as usual, thanks.
 
From your last reply to my question and your other posts, I fully support your take on the situation. I think your plan is the most well thought out and promising, and believe that you are pointing in the right direction forward for Netcoin .
 
I'll keep tabs on this, and intend to contribute to the project. I have a strong interest in cloud engineering, having this year completed a technical edit of a 600+ page book on the subject, in addition to my other hands-on experience in IT, and with Amazon's EC2. Aiding in the birth of a cloud mining syndicate in some fashion appeals to me greatly.

Yes . This is exactly the case.

I continue to be surprised at how many people do not realize this.

They've been doing exactly this for many months.

[quote excised for length]

Luckybit that was a good read thanks.

I was wondering if you could expand on your thoughts concerning how you see mining as moving from pools to cloud-hosted services.

Am I correct to assume you mean primarily that you feel the ASICMINER method of participators contributing resources through paying for shares in companies that organize & perform the mining is the way of the future?  Is there an alternate method that you think has under-utilized merit, when it comes to cloud-based hashing power?

Am I also correct that you are  including p2p [pool] mining methods when you discuss mining initiatives that are 'cloud-based'?  

Just want to pick your brain on this. I believe in Netcoin so am looking at creating an early pool or otherwise assist this effort in a way that seems most effective and suitable.   Thanks... great conversations going on in this thread and I'm taking notes .

edit: I read the details you posted on the Netcoin forum and think I have a better idea now, thanks.

Oh great another copy coin pump and dump wannabe. Just what everyone needs!

Hey guys what are you talking about?

Oh no need to answer, just making a point.     

Surprising: one of the world's biggest new sites, front page news:

http://www.aljazeera.com/news/americas/2013/05/20135295456878823.html

I said it a bunch of pages back I think, but for Netcoin, I don't think copy-coins will be a huge issue. Because Netcoin is so unique it will be apparent to most of the community that it is the real deal, and not the inevitable copy coins. I think slowly but surely folks are getting tired of all the lame alt copy cats.

I'd say it would be highly unlikely that a copy of Netcoin could come out soon after Netcoin and become more popular than Netcoin. Some copy coins will come, but I doubt any of them will last longer than a few weeks, and maybe even they'd help promote Netcoin itself.

Since Litecoin was released, and during the 'alt coin scam craze' of the last 2 months or so, I think the community has changed, become more experienced, and the worst is over...here's hoping the popularity of the obvious scam coins will fade.

I just can't easily conceive in any scenario that a Netcoin copy-coin could do better than the original deal, because of all the community support and people working on Netcoin to make it a success. Not to mention, people will know that Netcoin is the real deal because of all its original work. Obvious copy-coins will be obvious, and [I think] shunned.

Of course whatever Mr T.T wants to do with his baby is cool with me. Just my 2 cents.. .