"freelance programmer" - is that how you dismiss your guilt?
Please, next thing I'll hear is a hitman saying that he wasn't guilty of murder because he was "freelance" and was "hired to do it".
Nice strawman. You really are adept with logical fallacies, huh? Evidently, you are ignorant of two things,
1: the coin was publicly available to mine during that period, Yes, "publicly" available in the depths of the newbies forum where no one checks for new coin releases. The initial 10k blocks are a dead giveaway that someone was trying to line their own pocket. It's transparent as hell. 2: The difficulty...
Did you never consider that the difficulty might also factor into play here? No... because you see linear growth and you assume fair mining, that is not the case at all.. those lower difficulty blocks in the other coins were mined way faster than the higher ones causing there to be a group of insiders getting all the easy initial coins. False. If there were "easy coins" to be had, the supply graph for the initial days would be high. DGC was launched with a scaling block reward that didn't pay out in full until a reasonable difficulty was reached. It had a provably fair launch. There were no "easy coins" like goldcoin had an excess of. From GoldCoin's initial release statement:
"You may saw other crypto currency releases that offered "bonus blocks", and surely by the time you started mining, said "bonus blocks" are gone. Also, as an influx of miners pounds away at the new coin, the difficulty increase kills profitability, and interest, and eventually the coin withers and dies. Not GLDcoin. Even if difficulty skyrockets in the first few weeks, mining should still be profitable based on the higher block rewards that favor early adopters of the currency."
I think we stand pretty clear on this point,
Hilarious. The 10k blocks were gone instantly with GLD. The 1k blocks only lasted for an hour. The very scenario you claim did not happen, is in fact what happened!  You're sitting here, trying to say that giving early insiders a shitload of coins is somehow good for the coin? That is what causes devaluation of the coin, and causes people to stop mining it. It's why goldcoin died. Coins like DGC have been successful due to the fair launch and good reward structure. Meanwhile, Goldcoin sits on the sidelines trying to trick newcomers into thinking it's a good coin, when all the data points to the contrary. however those 10 k blocks were given away |
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we have quite a few notables here in Oz.
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FBI agent low orders on BTC release news picked them up cheap,  ? Profit |
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He tranfered all of his investments into one wallet and used it for some time, which was a big no oops.
yes but you should always have the wallet encrypted......I cant believe he did not do this so sure they can seize the wallet but they should not be able to spend the coins |
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I don't get how the FEDS could seize 26000 BTC did he not encrypt/password protect his wallet at all times?
then just right to silence.
the end.
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hmm replying I guess I am not receiving payment as I have not updated advert!
Probably this No third party ads in your signature. yeah probably...I think I am still on the old version of thids and have not updated |
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ok I will try to go to the next one!
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but only if the buyers sell at a lower price than they purchased + normal inflation, they can bust hold, so the "bubble" does no burst those prices become the new normal. If they bought with their own money, yes. But another characteristic of a bubble is that past a certain point it becomes widely known, and everyone starts jumping in. And some of them don't have enough capital of their own, so they borrow it. And some don't have enough income to pay the full mortgage cost, so you get houses bought on interest-only mortgages, or houses bought as buy-to-let. When the interest rates get too high, or the saturation of rental properties means that you can't keep the property fully occupied, then you find you can't make the mortgage payments, and have to sell at a loss. well no, not in Australia, when the interest rates get to high, the gov makes the banks find other arrangements. Beyond a small percentage the gov will not allow/can not survive wide scale repossessions. then there is negative gearing, and taxation that feeds through in to centrelink/social services the guarantees the bottom part of the market and support st he rest Their is no capital gains tax on your family house when you sell It is far more costly to have people on the street and an empt house en masse.. |
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some alt coin is or has already run out of new coins, what happened to its price?
It goes up ofcourse. The more scarce something is,the more valuable it is. Basic supply and demand. edit:you need new blocks to be created to keep the blockchain running though. well no, as demand may go to zero |
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some alt coin is or has already run out of new coins, what happened to its price?
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hmm replying I guess I am not receiving payment as I have not updated advert!
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Did you draw up that graph when you were drunk? lol ...
The prediction scale is awesome.
Everything around it is a convoluted mess. Its a great concept though. You should put it on an actual graph with actual X and Y axis with proper labels at the various increments.
5000 hrs on ms paint! |
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Vlad you own so much ixcoins that I think you selling them would affect the price.  If you're going to sell them better do it throughout a period of weeks or months rather than all at once. I'm not sure, just a hunch. I don't plan to sell a single ixCoin even if it goes up 10-fold from here. I see a magnified positive correlation between ixCoin and Bitcoin, something more than 90% of alt coins lack, and in fact most have a negative correlation, so as Bitcoin shoots past $1,000 next year I would expect ixCoin and at most, a few other alt coins to go much much higher. And even when I do sell I will do so in phases as I expect the price of Bitcoin to go much higher than $1,000 which would mean that any positively correlated coins would also continue to track Bitcoin higher. I honestly don't see why ixCoin is so closely correlated to Bitcoin and most other coins are not. It's not demand, cause I remember 3 months ago when Bitcoin went from $130 to $68 in a short 4-5 weeks, ixCoin also hit an all-time low of 26,000 ixCoins per Bitcoin while most other alt coins were actually going higher, as Bitcoin was going lower. That really suprised me, as I expected ixCoin to be more expensive against a much weaker Bitcoin but the opposite happened - and likewise, when Bitcoin doubled over the past 2 months, most alt coins were murdered while ixCoin is now up over 50% HIGHER than Bitcoin's double over the same period. And it's not accumulation, as you rarely see large buys and I have only ever met a few people who actually bought ixCoin so there is some inherent dynamic quality about ixCoin which causes it to track Bitcoin only with an even larger magnitude. So one has to wonder how much larger this magnitude will get once supply, for ixCoin, runs out in 18 months. didn't some other alt run out is 2 months all told? what happened to that price? |
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I love this. When its a non-inflationary asset like real-estate, gold, Bitcoin, or sorta-maybe stocks, a price increase = bubble.
When its a consumable like food, price increase = inflation. You've answered your own question. Consumables don't form bubbles (except in times of hoarding), because they are consumed, not resold. A bubble occurs when an asset is bought, not for its inherent value or utility, but purely for the belief that it can later be resold at a profit to another buyer. Eventually the market runs out of buyers at the ultimate elevated price, and the bubble bursts. but only if the buyers sell at a lower price than they purchased + normal inflation, they can bust hold, so the "bubble" does no burst those prices become the new normal. |
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If i understand correctly,
[1] PPC takes a lot less power to keep the system secure
[2] Transactions cost more, but you can mint to cover some of this
[3] Inflation is low, eg much lower than LTC, and similar to btc (not sure about this)
[4] inflation some what cancelled out by high transaction fees??
accordingly does PPC make a better long term storage of wealth than BTC?
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Yes you want to do this as you would probably get sued at some point, as there is no explicit way to actually lose everything, under what is rippleflip and the game details link does not work how the game works
the comment "it was under winnings", is itslef actually under what is rippleflip, so that is a bit of a cop out.
You are probably open to suit for any losses to date as there is no losing combination on the site anywhere
Well... Isn't it very obvious that if you get a combination that isn't listed in the winnings table, you lose? Have you played slot machines? Do they list all losing combinations, too? Are you trying to troll me or what is this all about? It's hard for me to see you being serious on this one.... no its not obvious, see if there is a 1/2 next to a combination which at 1.85% could be all you need for the edge, Being explicit will make everything transparent and keep lawyers away from your operations. Slots usually have lists of instructions about everything if you look, and are very highly regulated to ensure this. |
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Yes you want to do this as you would probably get sued at some point, as there is no explicit way to actually lose everything, under what is rippleflip and the game details link does not work how the game works
the comment "it was under winnings", is itslef actually under what is rippleflip, so that is a bit of a cop out.
You are probably open to suit for any losses to date as there is no losing combination on the site anywhere
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