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2281  Bitcoin / Bitcoin Discussion / Re: Bitcoin isn't worth it for consumers. And that will stop adoption. on: November 24, 2013, 01:18:50 PM
[1] as BTC goes up they can cut fees to 0.00001 and so on.

[2] BTC is behaving like a store of wealth, though that may mean PPC is the new btc

[3] BTC will be used for things like buying houses, cars, larger items, paying wages, services and perhaps bills etc, where the real money is.

[4] Off chain solutions may arise, though I'm yet to be convinced of how this will work exactly

[5] i can actually touch type now after all theses years as long as I don't think about it while I am doing it.
2282  Alternate cryptocurrencies / Altcoin Discussion / Re: 500 GLD coin giveaway on: November 23, 2013, 08:40:30 PM
WARNING: GLD IS A SCAM

GLD is a scam coin that has been premined and instamined out of existence. The total supply of GLDCoin is currently at around 18 Million after months of mining, however in the first 24 hours over 8 Million coins were generated by the developer and other insiders before GLD was announced to the public. That's half of the total supply being produced on the first day while no one else even knew about it.

GLD is the coin most often given away for free by the same people who premined it and instamined it to death. This is a marketing scheme, it attracts those who are new to bitcoin and cryptocoins in general, who think they are getting something worth value. Don't be fooled, GLD is a scam. It has no value. Spread the word, don't be a puppet.

Read more: http://altcoins.com/scamcoins


you didn't give an address
2283  Other / Off-topic / Re: Best multiplayer game. on: November 23, 2013, 10:10:33 AM
starcon II or other in melee
2284  Economy / Speculation / 10 Billion Market Cap on: November 23, 2013, 08:54:00 AM
We just hit 10 Billion Market cap

next 13 - 20 months, 100 Billion, then 13 -20  months after 1T.

I think at the 10K per bitcoin, it starts to become useful for large investors, 401k funds, insurance funds, investment funds etc.


but at 100K a coin it  becomes much more useful as there would be enough liquidity to absorb 100M investments,


at 1M a coin, BTC could be potentially used for overnight settlement
2285  Alternate cryptocurrencies / Altcoin Discussion / Re: BTC-e [Next Coin] - DATA on: November 23, 2013, 08:40:03 AM
isn't PTS, 5 mill market cap >>>>than WDC,

Yes, yet since this report is based off each coins 60-day trading volumes, and since PTS has only 16 days of data before the Nov 21, 2013 timeframe used in the report, it was not possible to compare.

pts 7 million

wdc 2 millon

I think pts would be a contender.....
2286  Alternate cryptocurrencies / Altcoin Discussion / Re: BTC-e [Next Coin] - DATA on: November 23, 2013, 08:16:51 AM
isn't PTS, 5 mill market cap >>>>than WDC,
2287  Alternate cryptocurrencies / Altcoin Discussion / Re: 500 GLD coin giveaway on: November 23, 2013, 03:08:41 AM
its the only address i have lol. Should i download a new qt?

no what I mean is I wanted different people to get the 50 GLD, not give 2x of 50 to the same person.
2288  Other / Beginners & Help / Re: Newbie Needs Help! Vicurex not responsive. on: November 23, 2013, 01:07:53 AM
Hello everyone

I just found out today that this was a scam please tell me you are really joking. I have invested our life saving and sold our stuff and my son's to try to start a new bitcoin business. And I am now out of work so I went to check on my order and the site is gone. My wife is going to kill me. I didn't check on it because back order takes forever any way I was hoping to have it before the holidays and now this on top of being out of work. Please tell me this is a joke.

keep the majority of you coins on your own wallet, not on an exchange or online wallet
2289  Alternate cryptocurrencies / Altcoin Discussion / Re: 50 GLD coin giveaway on: November 23, 2013, 12:36:16 AM
Sent!
2290  Alternate cryptocurrencies / Altcoin Discussion / 500 GLD coin giveaway (way to improve your chances) on: November 22, 2013, 11:39:02 PM
I will give away 50 GLD coins to 10 random addresses in this thread

EDIT Sent some out, let me know if you get it all right

Twiztid your address is the same as uk1

DxXuw8b5ENuFRUndK4JXqvFF7tujnYTkB5

I did not realise, could you send the second 50 you received on to EAWZqUqMdNGuPYPjYw3pk1ETvVUWJ9usv5
in the spirit of things

improve your chances by joining vircurex.com referral ID 514-5283 save today, and let me know in your address request


2291  Economy / Service Discussion / Re: CoinLenders, Inputs.io, Tradefortress (HACK) on: November 22, 2013, 08:57:44 PM
something I could never figure out about the coin lenders model, was when you get a bitcoin evaluation event, as we have seen recently from 150 - 700 or about that , how would a person who has taken out a loan cover that (except in mining, and we all know how that always works out), as in any other asset/investment class its going to be hard to pay the loan rate plus 400%. The maths of this just does not add up, yet alone a person would ever even believe they could pay this back. I raised this issue with TF before all of this went down. Essentially you need a re-insurer with coins to back your coins
2292  Alternate cryptocurrencies / Altcoin Discussion / Re: [QQQ] protoshare on: November 22, 2013, 03:44:36 AM
I went to the forum and it well....it still was not clearly set out, need a diagram flow chart or something
2293  Alternate cryptocurrencies / Altcoin Discussion / [QQQ] protoshare on: November 22, 2013, 03:09:53 AM
Can any one explain this to me?

[1] Is it that protoshare is encouraging each new alt to adopt the state of its userbase as the zero point of the new alts Genesis block? through the bitshare mechanism? Thus getting a premade community.

[2] What are general views

[3] How does the bitshare mechanism work exactly>

[4] has any one confirmed virii in the downlaod (saw one claim)

[5] Why does the website look like its from 1998?

[6] is it of Chinese origin

[7] how credible it the dev team?

[8] the market cap is $5mil, is this reasonable at this point?

[9] What are these email functions etc?
2294  Alternate cryptocurrencies / Altcoin Discussion / Re: Primecoin is STILL our best investment advice, recent actions verifies the shift on: November 21, 2013, 08:51:27 PM
i have prime coin, and think it is innovative, and was the only coin I have mined.

Diversification is the biggest draw, and that Sunny King was the DEV

2295  Economy / Economics / Re: "Spiraling Transaction Fees Destruction" of bitcoin on: November 21, 2013, 09:15:24 AM
Why is your proposal a bad thing?

Because the theory is that there is no equilibrium, and that the transaction fees will increase to far beyond what is reasonable, e.g. imagine 10% transaction fees. Spenders don't really have a choice, they can't spend if they don't pay it.

At some level, the spenders will stop spending and consider their Bitcoin to be lost. Transaction fees of 50%? 75%?

I am still trying to catch up on sleep. Once my full mental facilities return, I will try to explore the theory more mathematically if I can.

The theory may be flawed. Let's try to mathematically prove it is incorrect...

this is why you have peercoin, solves this exact problem
2296  Bitcoin / Bitcoin Technical Support / Re: Wallet.dat corrupted on: November 21, 2013, 08:45:36 AM
good practice is to use pywallet and extract all private keys before placing anything in the wallet addresses.....regualr updates for change addresses

2297  Bitcoin / Bitcoin Discussion / Re: Is the Bitcoin Block Chain too big? on: November 20, 2013, 09:52:47 AM
Most people use laptops with SSD, and cant afford to have a blockchain size of 40 GB or bigger.. that consumes 1/3 or 1/6 of their SSD size.
If we want a truly decentralized network, nobody should be excluded. The solution is therefore to make the blockchain dynamic and small instead of one gigantic mirror on every HDD in the network.
That's a very bold claim, that most people use laptops with SSD. I for one do not know any of them.
I agree that the thing to do is to make a lightweight version of the blockchain that would contain only current spendable transaction outputs. But anyone willing to host the full blockchain should have the means to do so.
Not at all, nowdays most people buy thin clients like iPad (16GB-32GB) or small laptops (120GB-240GB) instead of heavy desktop PCs with 2TB HDD.
Heavy desktops will become a minority among households, so if we care about decentralization we must consider what kind of clients most people will be using within a few years.
When people need terrabyte storage they buy USB-drives or NAS-drives - which are useless to host the bitcoin client.

a nas can be used to store and dwnld blockchain
2298  Economy / Scam Accusations / Re: Jubalix trying to exploit TradeFortress's "Social Experiment" on: November 20, 2013, 09:15:57 AM
Following up on TradeFortress's "Social Experiment" https://bitcointalk.org/index.php?topic=206948.0

The Bitcointalk user jubalix ( https://bitcointalk.org/index.php?action=profile;u=83122 ) who holds the ripple address rfTfTpjSUeHjobNZRgTFbpLpwQbZPZYsUK ( see https://bitcointalk.org/index.php?topic=206948.msg2177346#msg2177346 ) is now trying to exploit this experiment to buy large amounts of XRP (see https://ripple.com/graph/#rfTfTpjSUeHjobNZRgTFbpLpwQbZPZYsUK ) - thus far unsuccessful.

Just an FYI.



so just selfi googled and this came up.

The whole point is to stress test this so I can know that ripple is secure.

Also there problem is BTC(TF) should not be able to the added to BTC(Bitsamp), but ripple allows this, and inmho its a flaw

I have posted this issue on the Ripple forum here

https://ripple.com/forum/viewtopic.php?f=1&t=3949

and reasons here

https://ripple.com/forum/viewtopic.php?f=1&t=2597&start=10
2299  Economy / Services / Re: Looking for people to store some of the forum's money on: November 19, 2013, 08:51:17 PM
I may consider doing this but face some issues

[1] Have not been member of forum long enough
[2] Don't know if comfortable holding over 100 btc, while I have very secure robust methods, the price has gone up, and I would rather see more holders of smaller amounts say 100, as this would make it more distributed and less than one point of failure. Competing with that is finding enough trust worthy people.
[3] I would have thought full reserve would be required as it would be hard to re-insure against an evaluation eg the recent run up to 600, it would be much more sercure to allow a fixed storage and handling charge
[4] I think an even mix of known and anon trustees would be the best way to ensure distributed and no single point of failure.
[5] I can however look at the contract(s) and maybe make some commentary.
[6] Have a mix of single sig and multi sig accounts. Probably no more than 2 sigs per account as people disappearing or un-contactable could lock up vast amounts of btc

In relation to [5] some comments for example on the "agreement"

Quote
"This is a non-legal agreement between The Bitcoin Forum ("Forum") and Alex B. (aka. paraipan) ("Treasurer"). This agreement is intended to be enforced in a non-violent, non-legal way by the community."

I'm not sure an agreement can have any force where it is non-legal, I think you know this, but what you may mean to say is

Quote
"all parties agree they will not resort to any court, tribunal or sovereign jurisdiction to resolve or enforce any term of the agreement"

also where ever the server resides the courts would probably declare that their jurisdiction is in force. (courts don't like privative clauses and love to enlarge their jurisdiction) but what courts will almost always enforce is where the parties have agreed to alternate dispute resolution first, and would not allow the matter to go to court until that process is exhausted your disputes part probably serves this well but I have not had time to analyze this yet. Further there could be a form of estoppel that arises if you draft it right to stop parties going to court. Alternatively you could define a jurisdiction that prevails. Sometimes where the agreement is made determines jurisdiction, that may be the place where the receiving address resides.

further to say

"agreement is intended to be enforced in a ... non-legal way by the community." could be read you intend to enforce it in an illegal (unlawful) way

a better wording would be

Quote
"agreement is intended to be enforced in a non-violent way by the community and without resorting to law."  

you could then go on to outline a specific process of alternative dispute resolution

so all together perhaps the wording would be

Quote
"all parties agree they will not resort to any court, Tribunal or sovereign jurisdiction to resolve or enforce any term of this agreement. This agreement shall be enforced only in a non-violent way by the community and without resorting to law."

this gets a bit tautological, and its not perfect but it's all I have time for right now




2300  Bitcoin / Bitcoin Discussion / Re: Why I'm boycotting bitcoins. on: November 19, 2013, 08:18:02 PM
bitcoin is agnostic to who uses it for what and who owns it. The tech/maths stands on its own merits

you may be confusing the uses and users of BTC with the bitcoin itslef
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