It happens not only in America , but all over the world .......
It happens much more in America as compared to other nations. Incidents such as this have never been heard from the country in which I live. But I have heard almost a dozen or so incidents from the US. Mainly in fascist/dictatorship nations like US, Russia and China |
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My company's name is UbiCrypt (Ubiquitous Cryptocurrencies) so I like ubiqoin  |
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Regarding the altcoin article: The underlying premise of liquidity is ok, but the altcoins are already dead in terms of marketcap. Their market cap is so tiny that it's not even funny - with the exception of Litecoin. So it is already factored into their price, it's not some kind of revelation.
Another issue is that he supposes all altcoins will act in the same liquid way and that they are competing in the same "there can be only one" space. An anonymous coin for example does not "go" in the same category for it serves a different purpose that the transparent coins cannot handle.
When you have an anonymous coin, the monopoly of the transparent market is broken and a new option is presented to the people on how to conduct their payments. Do you want to pay with your visa (so that the government can see what you bought) or use cash? So there are two different needs, covered by two different types of coins.
Supposing a 10bn BTC market cap, if just 1% of the transparent market chooses the emerging option of anonymity => that could translate to 100mn market cap. There is serious potential there. Will Bitcoin cover the anonymity/privacy needs of its user base? Nope because they want government approval. And the government needs Bitcoin's cooperation to tax the hell out of owners.
If the government requests, say, 30% of capital gains, then by the very mechanism of taxation, people will need to liquidate their BTCs to pay the government. So they create a destructive loop for the price of BTC where people need to cash it all the time, pressuring the price downwards. They can't do that with an anonymous coin that they can't control.
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Very communistic PoV  |
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I invested cause I think you are a smart & honest guy - don't disappoint us mate! I find extremely interesting that someone finally looks at the Ripple code and mix things with NXT's PoV.. No anomymity though in this  |
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I step outside for some fresh air for the first time in 2 months and see what you guys do to the thread.  The term you want is Technocracy. China is fully on board and raised the standard of tracking and control. Remember the corporations are in control via the Bilderberg planning, and the governments and nation-states are just disposable institutional pawns on the globalists' chessboard. So while the governments and even their leaders such as Putin can be fighting for national objectives, the globalists are behind the scenes coordinating the chessboard towards NWO and Technolocracy. This is one area where Armstrong is naive in that he doesn't believe there is any supranational control. He only sees the idiots such as Obama who are collapsing the economy and doesn't understand this is by design. http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html I don't know how they will get the liquidity into Bitcoin, but if you say over 20 years then yes they try to move us to digitally tracked life, where even Smart electrical meters will monitor every detail that occurs in our homes. Problem with ZeroCash is that if the setup parameters are leaked, that entity can debase the money supply and no one can possibly know it. We will never know if it was leaked or not, and never know what the money supply really is. WTF!? It is the ultimate weapon against society. I will fight ZeroCash to my last breath. I hope the community doesn't fall for another trap again! Weren't we already gullible enough on Bitcoin! Woohoo! If indeed is a vicious plan, I admit I am impressed! |
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I had another weird idea when trying to sleep that I am not sure.
A big problem for Bitcoin (maybe) is the alt coins - people go x3,x5 even x10 in these bubbles and I suspect most of them cash the biggest ratio from their gained BTC to cash. This nearly happens every week so many investors prefer this alt market and when successful they hit the BTC/USD ratio down. So it maybe more difficult for Bitcoin to gain a new hype (where other alts satisfy this need) and in addition BTC is used as a bridge from this coin to exit to fiat.
No surprise why Garzik, Oleg, Gavin (BTW did he abandon ship yesterday??) and all the other bitcoin cartel (early adopters, developers, miners, big investors, Bitpay & Coinbase etc) hate them!
Now, a new truly anonymous coin that would be illegal or highly discouraged from governments to use will have fewer XXX/BTC (or any other crypto pairs) from all these traceable coins making it digitally (more) unique!!
Furthermore, it will not have centralised exchanges (no manipulation) and someone in order to use it would have to take risks (be a true believer and not an opportunist because it will be difficult for the average Joe to dump them). It will be all in or nothing!
No more exchange to fiat bullshit, a real tool for revolution, a weapon of mass surveillance destruction.
Funny how the ultimate control technology (Bitcoin) will backfire to them through a mutated version...
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I have similar thoughts as alxs and mgburks. If US,RU,CH are cooperating to bring cashless dystopia through Bitcoin we need as AnonyMint say a new coin asap. I bet that on a real anonymous coin that cannot be beaten, the fact that it will be almost immediately banned will really skyrocket it's value because it will be nothing else but a confession from the authorities of a DEFEAT!
ZeroCash or whatever won't be banned but can be demonized. And besides, the CIA needs untraceable funds for black box operations. Ban is an extreme scenario I agree but see how Turkey, Iran etc ban Twitter, FB and other platforms! |
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http://gigaom.com/2014/04/07/bitcoin-will-be-part-of-the-global-banking-order-says-circle-ceo/Summary: Bitcoin will one day be subject to global treaties and central bank interventions, predicts Jeremy Allaire, one of the virtual currencies’ biggest backers.
The future of bitcoin will be determined by central banks, standards bodies and corporate contributors. That’s the view of entrepreneur Jeremy Allaire, who used a Monday morning keynote address in New York to set out out a vision of the digital currency that is decidedly unlike the decentralized dreams of many early bitcoin backers.
Allaire, whose startup Circle is vying to taking bitcoin into the consumer mainstream, spoke at Inside Bitcoins, one of a growing number of event franchises capitalizing on a spike of interest in payments and virtual currencies.
According to Allaire, bitcoin’s emergence as a global payment platform will depend on governments altering anti-money-laundering laws, and helping bitcoin service providers integrate with the world’s existing banking infrastructure. In his view, the choice between bitcoin and conventional fiat currencies doesn’t represent an “either/or” proposition. Instead, he predicted the two systems will one day become intertwined through commercial banks and ATM networks.
More remarkably, Allaire also suggested that national governments could one day establish treaties to regulate bitcoin mining cartels, and act as market makers for bitcoin through their central banks.
And all these guys will prefer Ripple (for obvious reasons): https://twitter.com/Ripple/status/450859716831629312https://twitter.com/marleenvkammenhttp://www.linkedin.com/in/mvankammenAs for the other uses that BTC can have (XRPs can be confiscated) only a truly anonymous coin can deliver them: http://www.dgcmagazine.com/bitcoin-a-jack-of-all-trades-is-the-master-of-none/On another note, what happened to the argument 'If they ban it the price will skyrocket!'? China+Russia hit hard and the price plummeted. Why? Because of Bitcoin's weaknesses (no real anonymity) - when they attacked it was wounded. An assault led to a retreat. I bet that on a real anonymous coin that cannot be beaten, the fact that it will be almost immediately banned will really skyrocket it's value because it will be nothing else but a confession from the authorities of a DEFEAT! We can't fight it otherwise (IRS, taint analysis -> loss of fungibility etc) so we just BAN it (like most countries in EU deal with assault rifles, WEAPONS!)... |
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I dont give a flying fuck for BCNext's plans..
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Man no the chinese shit again !  The panic selling i can live with. It's just that nobody buys back anymore. We just go down after every round of fake news and other bullshit and stay down. That's the problem. This has been going on for months now with no real reason other than manipulation and idiotic fear. It's annoying to know my coins are getting worth less every day because of this bullshit. Yes. We just can hope that a new generation of exchanges can fix the trust issue a lot of people have after the gox debacle. I think that may be part of the reason why no one is buying back. Trustworthy exchanges are a must before we can go to the moon, I think. But a prolongued bear market, I don't know if that can happen the way it did back in 2011. So much has changed since then, bitcoin is
way stronger than in 2011.These type of comments keep repeating SINCE 2011 though... |
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For every SODL, there is more dirty fiat hiding and waiting to buy back. This! Dont forget... it is a game of musical chairs.. mostly everyone who hodled will sell back.... at some point |
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James, I am not going to question or even comment further on any of your ideas. It seems to me that every time I do, you take it as distracting neanderthal personal attack and threaten to quit NXT development because both your work and your vision for NXT is so unappreciated. This is never my intention. I have only intended to initiate respectful, honest debate on critically important topics.
I do not believe it is appropriate that you have someone you apparently consider to be an ongoing adversary to serve as a treasurer for the funds you control. Please identify whom you trust to serve in this role and upon their concurrence I will deliver to them passcodes to NXTcommunityfunds, NXTcashoperatingfund and NXTcashcompletionfund.
Best wishes to you and to NXT.
Ricky I would appreciate if you return the NXTcashoperatingfund to me because I decided to give this 1M NXT to a common fund the early adopters/big stakeholders committee will form (official announcement in the following hours) so it can be handled by the community for various projects (including anonymity features) - better to do it more officially rather than James handling the whole chunk, I am sure he will agree.. EDIT: The community should be aware that a big part of the early adopters will ONLY fund from now on in this way - the committee is made exactly for this reason, transparency, fairness and optimal management of resources (both ours and the community's). |
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Nodecoin is not a clear cut issue. It seems more want to see where this goes than not. James, release the hounds. I hope you make a lot of money on it.
As far as I know James does not care much about money. He's got a nice IRL income... he doesn't really require more than that. He has enough to comfortably use his brain. I have no RL income, all my income comes from crypto. I am currently working on a three month contract funded by neer.g for $2000 USD/month paid in NXT. Based on the number of hours I work, it is about minimum wage, but that is all I need to cover RL expenses. If my performance is insufficient (or I inadvertently destroy NXT) I dont imagine my contract will be renewed after May 12th My charter is to do the community's will, so when the community is divided, I need to figure out what to do instead of coding. I am in the curious position of having authority over millions of NXT, but since there was nobody who would sign up to do the bounties fulltime, I decided it was best if I just implemented what I saw best for NXT. Due to conflict of interest concerns, I cant authorize payments to myself for my dev work, not that I have actually formally released anything yet. James P.S. There have been some kind donations to me personally, but I think so far it is less than 2000 NXT total. 1M NXT for zerocoin implementation Yes, that is the budget for NXTcash operating expenses, but the NXTcash completion bonus fund http://87.230.14.1/nxt/nxt.cgi?action=100 has 33,000 NXT in it. I am assuming I cant pay myself anything from the NXTcash operating budget, so it falls into the same category as the NXTcommunityfunds (other than neer.g's setaside for me) James Why? This was supposed to cover whatever expense you might need to, including salaries for everyone involved, including you (at least part of them)! The completion bonus fund should be higher but I don't see why not to cover your manhours (and others) from my donations. Can we have a clear picture on the status of my donation? Where they have been spent? How? We need transparency in this I think.. Total NXTcash operating fund spent to date: 0 NXT Bloodyrookie and marcus03 put together a proof of concept version. With parallel chains a possibility, it really affects the project path, so that needs to be clarified. Though marcus could start work on most of the client side changes as they are pretty independent of specific server side details. i am designing nodecoin and multigateway and NXTmixer and NXTcash to share the same codebase and even same set of server infrastructure, so it is hard to allocate my time based on project as they are all interconnected in my mind. It just seems like doubledipping if I am getting paid from neer.g and to claim NXTcash payments on top.
James Nodecoin could be great if it could help for anonymity - everyone will be happy. Think something to use it! Neer is in daily touch with me (as is Pouncer and now Aldrin) - we have no issue with what you say, stop worrying about this please! |
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I'm taking a break from this thread. Will post when I have something to report.
Up until now only BTC was able to provoke in me such feeling(s)... |
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Nodecoin is not a clear cut issue. It seems more want to see where this goes than not. James, release the hounds. I hope you make a lot of money on it.
As far as I know James does not care much about money. He's got a nice IRL income... he doesn't really require more than that. He has enough to comfortably use his brain. I have no RL income, all my income comes from crypto. I am currently working on a three month contract funded by neer.g for $2000 USD/month paid in NXT. Based on the number of hours I work, it is about minimum wage, but that is all I need to cover RL expenses. If my performance is insufficient (or I inadvertently destroy NXT) I dont imagine my contract will be renewed after May 12th My charter is to do the community's will, so when the community is divided, I need to figure out what to do instead of coding. I am in the curious position of having authority over millions of NXT, but since there was nobody who would sign up to do the bounties fulltime, I decided it was best if I just implemented what I saw best for NXT. Due to conflict of interest concerns, I cant authorize payments to myself for my dev work, not that I have actually formally released anything yet. James P.S. There have been some kind donations to me personally, but I think so far it is less than 2000 NXT total. 1M NXT for zerocoin implementation Yes, that is the budget for NXTcash operating expenses, but the NXTcash completion bonus fund http://87.230.14.1/nxt/nxt.cgi?action=100 has 33,000 NXT in it. I am assuming I cant pay myself anything from the NXTcash operating budget, so it falls into the same category as the NXTcommunityfunds (other than neer.g's setaside for me) James Why? This was supposed to cover whatever expense you might need to, including salaries for everyone involved, including you (at least part of them)! The completion bonus fund should be higher but I don't see why not to cover your manhours (and others) from my donations. Can we have a clear picture on the status of my donation? Where they have been spent? How? We need transparency in this I think.. Total NXTcash operating fund spent to date: 0 NXT Bloodyrookie and marcus03 put together a proof of concept version. With parallel chains a possibility, it really affects the project path, so that needs to be clarified. Though marcus could start work on most of the client side changes as they are pretty independent of specific server side details. i am designing nodecoin and multigateway and NXTmixer and NXTcash to share the same codebase and even same set of server infrastructure, so it is hard to allocate my time based on project as they are all interconnected in my mind. It just seems like doubledipping if I am getting paid from neer.g and to claim NXTcash payments on top. James Familiarization/investigation phase should be rewarded too - this is not a bounty fund, it is for covering expenses & salaries! Other big stakes should fill the completion fund too (asap)! Pay the guys and your self for f@cks sake!! EDIT: Just do it in a transparent way so no one can say anything bad for the management of the funding.. |
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