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241  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 30, 2014, 12:21:11 PM
I want to mine this coin with cudaminer with pool stratum+tcp://de3.miningpool.co:3902  from https://miningpool.co/.
Can someone help me with minersettings because it is not working for me. Is the password youre main password or just a x?
i now have : cudaminer.exe -H 1 -i 0 -l auto -C 1 -o stratum+tcp://de3.miningpool.co:3902  -O workername:password

Thanks for the help in advance  Wink

You need to download mining proxy if you dont have one.

You need to edit your proxy file to look something like this;

mining_proxy -pa scrypt -o de3.miningpool.co -p 3902

Then edit your start.bat file to look something like this;
cudaminer --no-autotune -l F16x14 --device 0 -t 1 -o localhost:8332 -O workername:password
242  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 30, 2014, 12:07:58 PM

Just be patient and yes if it goes down I will go down more heavily than you and we can both laugh about the time we invested in Klondike.  But that day is not today!!!  I need to watch a Rocky movie or Braveheart for more inspiration.  LOL  Dont be all gloom and doom.  This coin will go back up, its going through a necessary change of hands phase right now.  Be patient and dont watch it everyday.  Its not that type of coin atm.  Come back in a few weeks or month and I guarantee you that you will singing its praises again.  I need to be looking at the prices because Im buying more at every opportunity.  But if you are down on it, just sell or put it in your wallet and Im sure you will be surprised and excited again.  Every coin has people that bail at the first sign of decline and release their coins for dirt cheap and I guarantee you they regret it later.  Happens all the time.  You should be buying as much as people are willing to sell right now. I think once we get through this bottom selling you will never be able to buy KDC at this level again.

If you think this coin is dead, that is just the weirdest an unintelligent thing Ive read so far.  When a coin rises and then makes a correction that is an awesome thing to happen.  It will go through an adjustment period to shake out the sellers before it can go up again.  This is actually good for the coin.  You are misinterpreting the meaning of whats been happening lately.

Let's just say I've watched things no man should ever watch, and seen many young, beautiful coins die a horrible death no coin should have gone through Cheesy

And it's very, very often the case that the "readjustment" doesn't stop, and the coin just goes to be abandoned. I don't think it's dead, but it's sure going through a bad case of pneumonia and is going to need a serious treatment from the devs Wink

LOL at you though.  Man you must be the life of the party.  This coin is THREE WEEKS OLD!!!!! It has Zero pre-mine and Zero pre-sell and dedicated devs.  You are looking at the wrong place and wrong scenario.  The coins that go to crypto hell to die are because the devs ditched it and there was no commitment to the coin from the start.  Do you know why there are dozens of people like me that are holding long term and accumulating more coins right now while people are selling?  Because the Klondike devs are buying their own coin. Yowsah.  Thats the highest level of commitment you can find. The devs are going nowhere and neither am I.  Thats why the coin is going to rebound in a big way.  The coin is still very very very profitable to mine.  Personally, I like it at this level for now, so I can accumulate more.  Exchanges will know what the devs are doing here and that its a serious coin.  When we get more exposure, we will look back on today and laugh.  

I was accumulating Kitteh when everyone was selling at 2 satoshi.  There were a hundred people like you complaining and whining and I kept buying because there were dedicated devs that were working on multiple things to make it a successful coin.  It took a month but when they were making progress the coin exploded to 55 satoshi last time I checked.  I see the same pattern here, now that there are a ton of people complaining and the devs are committed to the coin, I know its a great time to be buying as much as I can.  This makes no sense to me, the coin is trading where its at because market dynamics.  If you believe the devs will continue their great work, this is an incredible level to keep accumulating.  Im not disappointed the coin is down a bit, Im excited that I can get more coins now at this level.  Bookmark this post and pm me in a few weeks to a month and I will be gloating.
243  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 30, 2014, 11:07:18 AM
Okay, I loved this coin, but you guys need a reality check badly. It's not some "market manipulation", stop putting the blame on the exchange, the sellers, the miners, the life, the Universe and everything. It just lost popularity and tanked. And unless there's some big move to change that, it will die a slow death, maybe a little less painful due to gravity well.

You're an idiot, that's all i have to say.

If you have nothing to say, why talk? At least back up your statement, otherwise it seems you're in denial. And angry. I think bargaining comes next.

Seriously though, this coin could have been great if it wasn't so overhyped, given the generation rate. It still can be good, but the devs need to step up really fast before there's nothing to salvage.


Good grief, you need some anti-depressant medication seriously.  This is an altcoin, not a treasury bond, if you thought it was going to go up straight and steady without roadbumps, you should not be investing in the coin.  I sure hoped you dumped your entire stack.  Wow just wow.  If you invested anymore than you can laugh at if you lose, you are just dumb anyways.  This is really enjoyable for me.  I would have liked it if it went straight up to the moon.  But I also like the buy low strategy and watching it go back up.  Its fun investing dude.  Not the end of the world.  Geez.

Nah, I've lost my investment in an unrelated incident. Now I can at least watch you go down with me Cheesy

And I'm not depressed, in fact, it's the opposite - you guys are giving me a lot of fun Cheesy It's just a shame you killed a good coin.

Just be patient and yes if it goes down I will go down more heavily than you and we can both laugh about the time we invested in Klondike.  But that day is not today!!!  I need to watch a Rocky movie or Braveheart for more inspiration.  LOL  Dont be all gloom and doom.  This coin will go back up, its going through a necessary change of hands phase right now.  Be patient and dont watch it everyday.  Its not that type of coin atm.  Come back in a few weeks or month and I guarantee you that you will singing its praises again.  I need to be looking at the prices because Im buying more at every opportunity.  But if you are down on it, just sell or put it in your wallet and Im sure you will be surprised and excited again.  Every coin has people that bail at the first sign of decline and release their coins for dirt cheap and I guarantee you they regret it later.  Happens all the time.  You should be buying as much as people are willing to sell right now. I think once we get through this bottom selling you will never be able to buy KDC at this level again.

If you think this coin is dead, that is just the weirdest an unintelligent thing Ive read so far.  When a coin rises and then makes a correction that is an awesome thing to happen.  It will go through an adjustment period to shake out the sellers before it can go up again.  This is actually good for the coin.  You are misinterpreting the meaning of whats been happening lately.
244  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 30, 2014, 10:45:49 AM
Lets put the fundraiser in simple terms that everyone can understand.  Everyone should agree agree that all investments should have a proper risk/reward ratio. This project itself has a lot of risk and potentially a lot of reward, so neither can outweigh the other.  Now lets look at this objectively from that perspective.

Ethereum project;
Risk = Very High
Reward = Very High

Founders;
Risk = 0%
Reward=100%

Early adopters;
Risk = 100%
Reward = ?

Put that on a graph.  Does that seem like a fair transaction to you?  
245  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 30, 2014, 10:28:59 AM
Hopefully, regulatory issues are being worked out as promised as it will be one less thing to worry about, but I still stand with what I wrote earlier regarding the investment structure of the deal.

So far judging from the responses on all Ethereum forums here is what I see.  Most of the people posting on this forum and almost all the people that were at the Miami Conference praising Ethereum are developers.  There is genuine potential for this platform to be groundbreaking if done right.  The devs that are shilling for the Ethereum to succeed have either been involved in pre-fund raising before and want to see this succeed for selfish reasons or they believe in Ethereum  and are planning to monetize this platform in the future and want to see Ethereum succeed for selfish reasons.

Then you have the other half of the devs that are not involved with the project, see there are too many risks involved and fearful of wall street taking over the crypto industry.

Where I feel there is a severe disconnect is that the majority of opinions on this forum, Reddit, etc.. are developers and they will constitute less that 1% of the total amount of investment capital that Ethereum is trying to raise.  

If you go to a Conference where the entire majority of reporters have a dev background, you are basically looking at the very definition of a biased opinion and reporting.  Just because a small group of technology advanced individuals are excited about the possibility of the tech, doesn't actually mean equate a great investment.

Then you have the 99% of the general crypto population that are only interested in making a quick profit on this coin.  They are not particularly interested in this new coin/platform and don't really care about the technology and only if there will be enough ROI to justify an initial investment into the pre-sale.  Initially, there was a lot of hype on this coin that drew a lot of interest, but crypto investors cannot be duped.  They realize they are not getting into this investment at the ground floor level and with the amount of money/bitcoin that Ethereum is trying to raise before launch, there will have to be 100 million dollar market cap for them to see a profit.  Long-term is the only reason to invest.  There are few pump and dump scenarios that will work with this investment structure that Ethereum is proposing because all the initial "pump" profit is being taken out of the market and into Ethereum's pocket right from the beginning.

Long term I see a lot of risks involved with pre-sale investment.
1/ There is risk of immediate loss of equity once it hits an exchange.
2/ There is risk of dilution
3/ There is risk of the company dissolving or bankrupting (however small)
4/  There is risk of this becoming vaporware
5/  There is risk that it will be forked and cloned
6/  There is risk that there will be too many security holes
7/  There is risk that a newer and better technology with greater funding and transparency will enter the market in due time
8/  There is risk that the altcoin (or platform if you want to call it that) crypto market will crash in a few years
9/   There is a risk (and I personally feel strongly about this) that the price will be considerably lower once it hits an exchange and falls to what the market feels is an appropriate price for the amount of risk and dilution involved with the project.

Of course, I could be wrong and Ethereum totally sells out and there will be another 100 million worth of btc bid aftermarket.  But do you really think that crypto investors are dying to jump in to give anyone 100 million on vaporware on a diluted investment? ALL you have to look at is the forum boards and ignore the developers who are shilling for the product to succeed.  There is a huge outcry against the current investment scheme.  Why are people so vehemently against Ethereum's structure?  Because they feel it has a possibility to be an asset to the bitcoin community but not the way its currently structured.  

So in final words, whether you believe in the tech or not, all you have to ask yourself is this.  Would I be better off investing in the pre-sale or should I invest aftermarket?

There is absolutely only ONE reason you should buy into the pre-sale, if you believe that it will be so much oversold and the market will not feel that it's diluted to the point where there is another huge group of buyers willing to take it off your hands and xxx times a return on your investment right from the beginning of launch.

Now I submit to you a few simple reasons why you should wait until aftermarket to buy-in.

1/  You NEGATE any risk mentioned earlier in the post and you only have to consider risk/reward.  If I buy in pre-sale what risk do I take vs the reward I will have for taking that risk.  Do you think there is greater chance that the market price will be higher than lower from the pre-sale price?  And to what degree do you need to see Ethereum trade at to make this pre-sale investment worth it for you.
2/  Time value - What could have I done with this money invested in Ethereum that will be locked up from pre-sale until launch on a legitimate market.  During those two or three months, you could have that money invested in Bitcoin (which has a lot less downside and at the current level has a good chance of increasing in value) or a dozen new altcoins that will be launching that as you can see we are in the midst of a crypto coin boom.  How much money will you have lost by freezing your money up in Ethereum, when it could be actively invested in other more profitable ventures where the initial investment is not severely diluted?
3/  During the time you buy into the pre-sale (several months) and the time you are able to trade your ETH on an exchange, I guarantee you there will several new teams announcing a new platform or coin that will get much better press with a better investment structure.  You take the risk of obsolescence even before the coin launches.
4/ By buying into the coin pre-sale and making it a success you encourage Wall Street to take over the crypto coin market and in the future you may see an environment where every new coin launch will be diluted and structured in a way that only Wall Street will increase their millions and the RISK will all be burdened by the crypto community.  Ethereum will set a new precedent and if you think this will not happen, think again.  Miners and crypto investors will be locked out of the early "pump" profits while Wall Street makes millions and we will take all the RISK. The early pre-sale investors will essentially be the bagholders.
5/ Here is the most important reason to wait until it hits an exchange to buy into Ethereum, you NEGATE all the risk I mentioned before and plus you do not enable this kind of launch in the future.  There is a good chance that you will be able to buy it lower than the offering price of approx a dollar an ETH. and if the price rises a bit, you can still buy in at the pre-sale price or a little bit higher.  The only reason you should be buying this pre-sale is if you believe that there is another 100 million waiting in line to buy ETH and there is no risk involved.  You have absolutely nothing to lose by waiting and a lot at stake by buying and enabling this type of coin pre-sale launch.

Now, over the next few days I imagine Ethereum will hire a Marketing PR, they will hype and pump the tech and coin and gloss it over to make it look like they invented the wheel.  They will cast out all the doubters and call them "FUD."  Vitalik will come online and answer questions about the tech.  But I say to you forget about all that.  Don't get caught up in the tech, we all  know the tech has the potential to be amazing.  Look at the investment structure.  Dont let Vitalik use excuses like this is the best way to avoid "whales" from taking over the market.  That is so naive.  Think!!! Regardless of the tech, is it more beneficial to me, considering risk vs reward, to buy pre-sale or buy aftermarket?

If you choose pre-sale, then good luck, all I'm asking you is to forget the tech and the chatter from the devs and focus on the pros and con of the investment only.  Live long and prosper!!


Instead of writing an essay, fix what you see is wrong with what they're doing in a bullet list. Nobody can dig into all of this text. I'm not saying that to mess with you, I want to see a better plan that can be digested.

I thought it was pretty obvious what I was suggesting.  Until there is a change in the investment structure, there is too much risk and not enough upside to compensate to justify a buy-in on the pre-sale.  In no way am I suggesting not to buy the pre-sale, just that there are many factors to consider and as of now it is heavily weighted towards waiting until Ethereum hits an exchange.  This current structure guarantees the founders immense wealth with no motivation to follow through properly and leaves the entire risk upon the shoulders of the Bitcoin Community.

That being said, I do recognize the potential for Ethereum to be a great success if not a game changer if done right.  You can support Ethereum and its objectives by buying the coins aftermarket and still support the platform and its primary goals.  My suggestion is to wait until after the launch and buy it on an exchange at a price the market will accept.  You can still support Ethereum and its objectives that way.  Nothing wrong with that.

They need to offer more ETH per bitcoin, lower the MAX to an acceptable level and therefore the pre-mine.  And lower their shares of the coin to a level that doesn't reflect a persona of greed. If they are right and follow through, they can still be multi-millionaires by changing the structure in a way that it is not overly diluted and fair and equitable to early investors.  The way is is structured now, they are punishing you for being an early adopter and instantly becoming wealthy without any risk at all.  

I feel that if you are going to ask the investment community to fund the entire project sight unseen, then there must be checks and balances of risk/reward for founders and early adopters.  This project is NOT a slam dunk, there is immense risk to go along with the rewards they are alluding to.  Therefore the founders must take some risk themselves and give opportunity for early adopters to gain reward.  ETH is not structured as a positive investment vehicle in its current form

If it changes to an acceptable level of risk, I will buy-in heavily also.  Right now, hell no.  Way too much risk and dilution and uncertainty to warrant a pre-sale buy-in at this time.  Let's see what they come up with based on all the feedback they have been getting.  If it tilts slighltly more in our favor, how can you complain if you were going to invest anyways?

246  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 30, 2014, 10:04:09 AM
Good grief, this low price is artificial.  Good luck trying to buy over 1000 KDC at this level. Everytime I try to buy some someone jumps me.  LOL I have to stand firm for now.  Let the dumpers dump some more.  Come to me.   Smiley
Haha I was trying to buy some more before at 0.0007 an hour or so ago, same thing happened. And that was only 300KDC

I know right?  I went to the gym and came back and saw the price drop.  I was not disappointed even the slightest that it was down.  I was disappointed that I didnt get to buy more at the level.  Ive been trying to buy small increments but  there is really no sell volume and Im sure as heck not going to jack up the price for the dumpers.  I did get to snag about 800 KDC though. Now I wait for more dumping, I will not let the dumpers get value for their strategy.  I could buy up the whole sell board in an instant and it would still be at a good price, but will wait the dumpers out.  LEt them come to me until they are out of KDC's,   Grin
247  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 30, 2014, 10:00:31 AM
Okay, I loved this coin, but you guys need a reality check badly. It's not some "market manipulation", stop putting the blame on the exchange, the sellers, the miners, the life, the Universe and everything. It just lost popularity and tanked. And unless there's some big move to change that, it will die a slow death, maybe a little less painful due to gravity well.

You're an idiot, that's all i have to say.

If you have nothing to say, why talk? At least back up your statement, otherwise it seems you're in denial. And angry. I think bargaining comes next.

Seriously though, this coin could have been great if it wasn't so overhyped, given the generation rate. It still can be good, but the devs need to step up really fast before there's nothing to salvage.


Good grief, you need some anti-depressant medication seriously.  This is an altcoin, not a treasury bond, if you thought it was going to go up straight and steady without roadbumps, you should not be investing in the coin.  I sure hoped you dumped your entire stack.  Wow just wow.  If you invested anymore than you can laugh at if you lose, you are just dumb anyways.  This is really enjoyable for me.  I would have liked it if it went straight up to the moon.  But I also like the buy low strategy and watching it go back up.  Its fun investing dude.  Not the end of the world.  Geez.
248  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 30, 2014, 09:52:02 AM
Good grief, this low price is artificial.  Good luck trying to buy over 1000 KDC at this level. Everytime I try to buy some someone jumps me.  LOL I have to stand firm for now.  Let the dumpers dump some more.  Come to me.   Smiley
249  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 30, 2014, 08:36:53 AM
What happened with the price and the big networkhashrate drop?

Look at other alts and you'll see a downward trend, nothing abnormal here. At this stage most alts wouldnt even have been on an exchange. Kdc was always very profitable, its just correcting and following other alts. Also most big money would avoid a new market, the coin will bounce eventually Smiley

Exactly.  If you believe in the work the devs are doing, this is an unbelieveable price to get in.  I actually LOVE that is has gotten so low.  Miners with no interest besides dumping the coin are just giving them away right now to us long term holders.  This is a transition that needed to happen.  Now the only people soaking up the KDC's are people who believe in the coin.  I'm really not interested in pushing the price back so fast.  Im happy to  eat 200 to 1000 KDC whenever I see an opportunity.  No need to push the price up right now.  Let the dumpers get desperate and dump everything they got. Im mining as many KDC's as I can get right now and buying in increments so as not to push the price up too fast.
250  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 30, 2014, 08:30:10 AM
Quote
As I have been telling everyone all along, crowdfundraising of this size without proper legal filings was illegal.  Obviously, they have been contacted by the proper regulatory agencies.  This is why they have not been responding to questions regarding their investment structure in a detailed manner.  They are reviewing their proposal internally with their attorneys.  You can all thank me for at least being a voice for good judgement and hopefully they will proceed in manner does does not put your investments in jeopardy due to legal problems.

We were never contacted by a regulatory body nor believe the models we have chosen are in any way in violation with relevant jurisdictions. This said, logistically and regulatorily, there are differences between raising 5,000 bitcoin and 30,000 in an equitable and fair way. We have a duty to those who trust us to do things the right way and have been in deep discussions for months about this topic with counsel from three different countries. I appreciate your concerns and they are indeed important to address and will be publicly once we announce the new fundraising date.

There are actually several models we could pursue if desired with some constituting a tax event without the need for any filing and others that could require one if we choose to accept certain jurisdictions. Ultimately, it comes down to what is best for everyone in the Ethereum community and what will allow for the best ROI for those who participate in the Ethereum Project. We are taking extra time to ensure this is answered in the most thorough way.

In the meantime, enjoy the testnet and all the other developments we will be launching in February and I'll see you guys soon in Zug.     

Hopefully, regulatory issues are being worked out as promised as it will be one less thing to worry about, but I still stand with what I wrote earlier regarding the investment structure of the deal.

So far judging from the responses on all Ethereum forums here is what I see.  Most of the people posting on this forum and almost all the people that were at the Miami Conference praising Ethereum are developers.  There is genuine potential for this platform to be groundbreaking if done right.  The devs that are shilling for the Ethereum to succeed have either been involved in pre-fund raising before and want to see this succeed for selfish reasons or they believe in Ethereum  and are planning to monetize this platform in the future and want to see Ethereum succeed for selfish reasons.

Then you have the other half of the devs that are not involved with the project, see there are too many risks involved and fearful of wall street taking over the crypto industry.

Where I feel there is a severe disconnect is that the majority of opinions on this forum, Reddit, etc.. are developers and they will constitute less that 1% of the total amount of investment capital that Ethereum is trying to raise.  

If you go to a Conference where the entire majority of reporters have a dev background, you are basically looking at the very definition of a biased opinion and reporting.  Just because a small group of technology advanced individuals are excited about the possibility of the tech, doesn't actually mean equate a great investment.

Then you have the 99% of the general crypto population that are only interested in making a quick profit on this coin.  They are not particularly interested in this new coin/platform and don't really care about the technology and only if there will be enough ROI to justify an initial investment into the pre-sale.  Initially, there was a lot of hype on this coin that drew a lot of interest, but crypto investors cannot be duped.  They realize they are not getting into this investment at the ground floor level and with the amount of money/bitcoin that Ethereum is trying to raise before launch, there will have to be 100 million dollar market cap for them to see a profit.  Long-term is the only reason to invest.  There are few pump and dump scenarios that will work with this investment structure that Ethereum is proposing because all the initial "pump" profit is being taken out of the market and into Ethereum's pocket right from the beginning.

Long term I see a lot of risks involved with pre-sale investment.
1/ There is risk of immediate loss of equity once it hits an exchange.
2/ There is risk of dilution
3/ There is risk of the company dissolving or bankrupting (however small)
4/  There is risk of this becoming vaporware
5/  There is risk that it will be forked and cloned
6/  There is risk that there will be too many security holes
7/  There is risk that a newer and better technology with greater funding and transparency will enter the market in due time
8/  There is risk that the altcoin (or platform if you want to call it that) crypto market will crash in a few years
9/   There is a risk (and I personally feel strongly about this) that the price will be considerably lower once it hits an exchange and falls to what the market feels is an appropriate price for the amount of risk and dilution involved with the project.

Of course, I could be wrong and Ethereum totally sells out and there will be another 100 million worth of btc bid aftermarket.  But do you really think that crypto investors are dying to jump in to give anyone 100 million on vaporware on a diluted investment? ALL you have to look at is the forum boards and ignore the developers who are shilling for the product to succeed.  There is a huge outcry against the current investment scheme.  Why are people so vehemently against Ethereum's structure?  Because they feel it has a possibility to be an asset to the bitcoin community but not the way its currently structured.  

So in final words, whether you believe in the tech or not, all you have to ask yourself is this.  Would I be better off investing in the pre-sale or should I invest aftermarket?

There is absolutely only ONE reason you should buy into the pre-sale, if you believe that it will be so much oversold and the market will not feel that it's diluted to the point where there is another huge group of buyers willing to take it off your hands and xxx times a return on your investment right from the beginning of launch.

Now I submit to you a few simple reasons why you should wait until aftermarket to buy-in.

1/  You NEGATE any risk mentioned earlier in the post and you only have to consider risk/reward.  If I buy in pre-sale what risk do I take vs the reward I will have for taking that risk.  Do you think there is greater chance that the market price will be higher than lower from the pre-sale price?  And to what degree do you need to see Ethereum trade at to make this pre-sale investment worth it for you.
2/  Time value - What could have I done with this money invested in Ethereum that will be locked up from pre-sale until launch on a legitimate market.  During those two or three months, you could have that money invested in Bitcoin (which has a lot less downside and at the current level has a good chance of increasing in value) or a dozen new altcoins that will be launching that as you can see we are in the midst of a crypto coin boom.  How much money will you have lost by freezing your money up in Ethereum, when it could be actively invested in other more profitable ventures where the initial investment is not severely diluted?
3/  During the time you buy into the pre-sale (several months) and the time you are able to trade your ETH on an exchange, I guarantee you there will several new teams announcing a new platform or coin that will get much better press with a better investment structure.  You take the risk of obsolescence even before the coin launches.
4/ By buying into the coin pre-sale and making it a success you encourage Wall Street to take over the crypto coin market and in the future you may see an environment where every new coin launch will be diluted and structured in a way that only Wall Street will increase their millions and the RISK will all be burdened by the crypto community.  Ethereum will set a new precedent and if you think this will not happen, think again.  Miners and crypto investors will be locked out of the early "pump" profits while Wall Street makes millions and we will take all the RISK. The early pre-sale investors will essentially be the bagholders.
5/ Here is the most important reason to wait until it hits an exchange to buy into Ethereum, you NEGATE all the risk I mentioned before and plus you do not enable this kind of launch in the future.  There is a good chance that you will be able to buy it lower than the offering price of approx a dollar an ETH. and if the price rises a bit, you can still buy in at the pre-sale price or a little bit higher.  The only reason you should be buying this pre-sale is if you believe that there is another 100 million waiting in line to buy ETH and there is no risk involved.  You have absolutely nothing to lose by waiting and a lot at stake by buying and enabling this type of coin pre-sale launch.

Now, over the next few days I imagine Ethereum will hire a Marketing PR, they will hype and pump the tech and coin and gloss it over to make it look like they invented the wheel.  They will cast out all the doubters and call them "FUD."  Vitalik will come online and answer questions about the tech.  But I say to you forget about all that.  Don't get caught up in the tech, we all  know the tech has the potential to be amazing.  Look at the investment structure.  Dont let Vitalik use excuses like this is the best way to avoid "whales" from taking over the market.  That is so naive.  Think!!! Regardless of the tech, is it more beneficial to me, considering risk vs reward, to buy pre-sale or buy aftermarket?

If you choose pre-sale, then good luck, all I'm asking you is to forget the tech and the chatter from the devs and focus on the pros and con of the investment only.  Live long and prosper!!
251  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 30, 2014, 05:12:23 AM
"Because we intend on providing an equal opportunity to all those who want to be involved, and are reviewing the relevant logistical and regulatory issues for a fundraiser of this scale, we have decided to postpone the Feb 1 launch of the fundraiser. We will make the announcement of the new fundraiser launch date on our official website: Ethereum.org."

As I have been telling everyone all along, crowdfundraising of this size without proper legal filings was illegal.  Obviously, they have been contacted by the proper regulatory agencies.  This is why they have not been responding to questions regarding their investment structure in a detailed manner.  They are reviewing their proposal internally with their attorneys.  You can all thank me for at least being a voice for good judgement and hopefully they will proceed in manner does does not put your investments in jeopardy due to legal problems.
252  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN - NEW EXCHANGE] | www.CoinMarket.io | OFFICIAL THREAD on: January 30, 2014, 04:28:34 AM
Coinmarket.io , I would like to make a very important suggestion.  Please give minimum 48 hours or longer notice before you add a coin or remove a coin from your listings.  A lot of coins right now depend on your exchange for a majority of the transactions and if you remove and add coins without giving sufficient notice, this will hurt some investors and ultimately erode confidence in the success of your exchange.  The REMOVING of any coin once its added should be done with extreme care and prejudice because you are handling and impacting investments.  Stability is the most important factor for any investor and if they feel that you can casually remove a coin from you listing at any time, then there will be hesitation to invest in any coin on your site for fear it may be removed in the future.

Please consider a minimum time frame a coin will be listed on your site before it would be considered for removal, even if it is not doing well.  Every coin has its ups and downs, but the mere fact that it can be removed from an exchange at any time will impact the the amount of investment a coin receives, and will ultimately effect the long term success of your site.

On a side note, thank you for your incredible work, you are a huge asset and addition to the bitcoin community.
253  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 30, 2014, 03:48:01 AM
seems devs should care more about marketing and markets not just creating 'toys' for the coin or its gonna die soon.

You have to be kidding me?  When I see comments like this, I know the coin is absolutely at the ground floor.  Take a look at any coin that succeeded and there has always been a stage where there was extreme dumping and complaining and end of the world statements.  Look at Dogecoin and Kitteh as two examples, both had a low point where people were dumping and cursing and screaming.  That is when you absolutely know it hit the bottom.  I love it when I see comments like these.  Im just waiting for more negative sentiment to flow so I can transfer my bitcoins and scoop up as many as I can slowly so as not to raise the price. The devs on here are doing a tremendous job and I hope more of you come on to complain about the price because all you are doing is making it cheaper for the long term, investors to pile up more KDC's.  This is where I think the psychology of the dumps happens.  All the weak hands start selling and the long term investors start scooping up slowly.  The next time we rise, the weak hands will be eliminated and the price will rise fast because we ate up all the KDC's from weak hands that were dumped at this price.  Ive seen this movie played many many times before.

You bought at the top didn't you?
I know this coin has a lot of potential, I just do not understand why there is barely any buy orders for it atm ... what you say makes sense in theory but in reality its failing ...
again I am HOLDING my KDC, I just hope its not a dire mistake... and its beginning to be so by every passing minute

I bought from 7,000 to 14,000 and 2k at 20 something thousand. So I can dump my coin at anytime and leave without fear of loss.  TBH we were all hoping for a quick rise but I think that was extreme optimism now that I look back.  There were way too many weak hands holding KDC's that were willing to dump at any price, plus when the price skyrocketed we attracted big rigs that were here only for the sole purpose of mining and dumping.  Together with the big rigs and weak hands and people who were trying to be clever and sell and rebuy, there was too much supply all at once and not enough demand.  This is great that the price is so low, Klondike is legit and the devs are doing an awesome job.  Go check any coin you want that had success, I guarantee you every single one had a period where all the weak hands started selling and there were smart investors scooping up at the lowest price they could find.  The good news is, when all this dumping is over, the vast majority of the coins will be in the hands of a select few.  they will hold there coins and smartly release them slowly as they rise making sure there is more demand than supply.  Look at Kitteh forum, it is littered with people demonizing the coin in the beginning and you know what?  There were a few people buying up as many as they could and they cornered the market on the coins.  When it started to rise and was in demand there was none to be sold except from people who had large shares.  And it skyrocketed in four days.  I guarantee you, right now for the past week. We have been buying downwards and a lot of the KDC's have been moving into the hands of long term investors and when it starts to rise again, there will not be enough supply.
254  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 30, 2014, 03:29:17 AM
seems devs should care more about marketing and markets not just creating 'toys' for the coin or its gonna die soon.

You have to be kidding me?  When I see comments like this, I know the coin is absolutely at the ground floor.  Take a look at any coin that succeeded and there has always been a stage where there was extreme dumping and complaining and end of the world statements.  Look at Dogecoin and Kitteh as two examples, both had a low point where people were dumping and cursing and screaming.  That is when you absolutely know it hit the bottom.  I love it when I see comments like these.  Im just waiting for more negative sentiment to flow so I can transfer my bitcoins and scoop up as many as I can slowly so as not to raise the price. The devs on here are doing a tremendous job and I hope more of you come on to complain about the price because all you are doing is making it cheaper for the long term, investors to pile up more KDC's.  This is where I think the psychology of the dumps happens.  All the weak hands start selling and the long term investors start scooping up slowly.  The next time we rise, the weak hands will be eliminated and the price will rise fast because we ate up all the KDC's from weak hands that were dumped at this price.  Ive seen this movie played many many times before.
255  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 30, 2014, 03:01:51 AM
So far judging from the responses on all Ethereum forums here is what I see.  Most of the people posting on this forum and almost all the people that were at the Miami Conference praising Ethereum are developers.  There is genuine potential for this platform to be groundbreaking if done right.  The devs that are shilling for the Ethereum to succeed have either been involved in pre-fund raising before and want to see this succeed for selfish reasons or they believe in Ethereum  and are planning to monetize this platform in the future and want to see Ethereum succeed for selfish reasons.

Then you have the other half of the devs that are not involved with the project, see there are too many risks involved and fearful of wall street taking over the crypto industry.

Where I feel there is a severe disconnect is that the majority of opinions on this forum, Reddit, etc.. are developers and they will constitute less that 1% of the total amount of investment capital that Ethereum is trying to raise.  

If you go to a Conference where the entire majority of reporters have a dev background, you are basically looking at the very definition of a biased opinion and reporting.  Just because a small group of technology advanced individuals are excited about the possibility of the tech, doesn't actually mean equate a great investment.

Then you have the 99% of the general crypto population that are only interested in making a quick profit on this coin.  They are not particularly interested in this new coin/platform and don't really care about the technology and only if there will be enough ROI to justify an initial investment into the pre-sale.  Initially, there was a lot of hype on this coin that drew a lot of interest, but crypto investors cannot be duped.  They realize they are not getting into this investment at the ground floor level and with the amount of money/bitcoin that Ethereum is trying to raise before launch, there will have to be 100 million dollar market cap for them to see a profit.  Long-term is the only reason to invest.  There are few pump and dump scenarios that will work with this investment structure that Ethereum is proposing because all the initial "pump" profit is being taken out of the market and into Ethereum's pocket right from the beginning.

Long term I see a lot of risks involved with pre-sale investment.
1/ There is risk of immediate loss of equity once it hits an exchange.
2/ There is risk of dilution
3/ There is risk of the company dissolving or bankrupting (however small)
4/  There is risk of this becoming vaporware
5/  There is risk that it will be forked and cloned
6/  There is risk that there will be too many security holes
7/  There is risk that a newer and better technology with greater funding and transparency will enter the market in due time
8/  There is risk that the altcoin (or platform if you want to call it that) crypto market will crash in a few years
9/   There is a risk (and I personally feel strongly about this) that the price will be considerably lower once it hits an exchange and falls to what the market feels is an appropriate price for the amount of risk and dilution involved with the project.

Of course, I could be wrong and Ethereum totally sells out and there will be another 100 million worth of btc bid aftermarket.  But do you really think that crypto investors are dying to jump in to give anyone 100 million on vaporware on a diluted investment? ALL you have to look at is the forum boards and ignore the developers who are shilling for the product to succeed.  There is a huge outcry against the current investment scheme.  Why are people so vehemently against Ethereum's structure?  Because they feel it has a possibility to be an asset to the bitcoin community but not the way its currently structured.  

So in final words, whether you believe in the tech or not, all you have to ask yourself is this.  Would I be better off investing in the pre-sale or should I invest aftermarket?

There is absolutely only ONE reason you should buy into the pre-sale, if you believe that it will be so much oversold and the market will not feel that it's diluted to the point where there is another huge group of buyers willing to take it off your hands and xxx times a return on your investment right from the beginning of launch.

Now I submit to you a few simple reasons why you should wait until aftermarket to buy-in.

1/  You NEGATE any risk mentioned earlier in the post and you only have to consider risk/reward.  If I buy in pre-sale what risk do I take vs the reward I will have for taking that risk.  Do you think there is greater chance that the market price will be higher than lower from the pre-sale price?  And to what degree do you need to see Ethereum trade at to make this pre-sale investment worth it for you.
2/  Time value - What could have I done with this money invested in Ethereum that will be locked up from pre-sale until launch on a legitimate market.  During those two or three months, you could have that money invested in Bitcoin (which has a lot less downside and at the current level has a good chance of increasing in value) or a dozen new altcoins that will be launching that as you can see we are in the midst of a crypto coin boom.  How much money will you have lost by freezing your money up in Ethereum, when it could be actively invested in other more profitable ventures where the initial investment is not severely diluted?
3/  During the time you buy into the pre-sale (several months) and the time you are able to trade your ETH on an exchange, I guarantee you there will several new teams announcing a new platform or coin that will get much better press with a better investment structure.  You take the risk of obsolescence even before the coin launches.
4/ By buying into the coin pre-sale and making it a success you encourage Wall Street to take over the crypto coin market and in the future you may see an environment where every new coin launch will be diluted and structured in a way that only Wall Street will increase their millions and the RISK will all be burdened by the crypto community.  Ethereum will set a new precedent and if you think this will not happen, think again.  Miners and crypto investors will be locked out of the early "pump" profits while Wall Street makes millions and we will take all the RISK. The early pre-sale investors will essentially be the bagholders.
5/ Here is the most important reason to wait until it hits an exchange to buy into Ethereum, you NEGATE all the risk I mentioned before and plus you do not enable this kind of launch in the future.  There is a good chance that you will be able to buy it lower than the offering price of approx a dollar an ETH. and if the price rises a bit, you can still buy in at the pre-sale price or a little bit higher.  The only reason you should be buying this pre-sale is if you believe that there is another 100 million waiting in line to buy ETH and there is no risk involved.  You have absolutely nothing to lose by waiting and a lot at stake by buying and enabling this type of coin pre-sale launch.

Now, over the next few days I imagine Ethereum will hire a Marketing PR, they will hype and pump the tech and coin and gloss it over to make it look like they invented the wheel.  They will cast out all the doubters and call them "FUD."  Vitalik will come online and answer questions about the tech.  But I say to you forget about all that.  Don't get caught up in the tech, we all  know the tech has the potential to be amazing.  Look at the investment structure.  Dont let Vitalik use excuses like this is the best way to avoid "whales" from taking over the market.  That is so naive.  Think!!! Regardless of the tech, is it more beneficial to me, considering risk vs reward, to buy pre-sale or buy aftermarket?

If you choose pre-sale, then good luck, all I'm asking you is to forget the tech and the chatter from the devs and focus on the pros and con of the investment only.  Live long and prosper!!




256  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 30, 2014, 01:45:08 AM
Nice awesome, I love KDC at this price.  Gives me a chance to buy more and keeps the big rigs from mining and dumping for a while.  Mining the KDC myself now too.
257  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN - NEW EXCHANGE] | www.CoinMarket.io | OFFICIAL THREAD on: January 29, 2014, 12:11:06 PM
Update:

Canceling a withdraw by clicking the cancel link in e-mail now works properly and refunds the account instantly.


Awesome job.  The site is getting better and better every day.  And downtime is almost non-existent now.
258  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 29, 2014, 12:07:17 PM
Im holding this coin too, only have 5,5K but I hold it Grin

This declaration that you are holding to 0.001 has to stop.  Obviously half the people are not playing by the honor system.  It should be taken with a grain of salt in the future.  There has been non-stop selling the last four days and there hasnt been that many new coins mined to justify that so.... LOL

Here is my new commitment to you guys.  I might hold, I might sell.  Depends what happens and how I feel.  At the moment I will buy anytime it hits 12,000.  So make my day.  One day I will go to sleep and wake up and it will be flying this Im sure.  So keep on dumping and I will be collecting... at least for now.

i have 24k, im not selling untill 0.002

LOL awww thats cute... just put this coin into your personal wallet and come back in another month or two then.  No need to check up on the price daily.  Which is what I should be doing, but its so damn cheap now, I am trying to pick up some coins here or there in the middle of the night.  Im sure it will be back at 18,000 to 20,0000 by tomorrow evening.
259  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [SCRYPT] Klondike Coin, Join the Goldrush! ★Kimotos Gravity★ [Exchange] on: January 29, 2014, 12:00:01 PM
Im holding this coin too, only have 5,5K but I hold it Grin

This declaration that you are holding to 0.001 has to stop.  Obviously half the people are not playing by the honor system.  Grin Angry It should be taken with a grain of salt in the future.  There has been non-stop selling the last four days and there hasnt been that many new coins mined to justify that so.... LOL

Here is my new commitment to you guys.  I might hold, I might sell.  Depends what happens and how I feel.  At the moment I will buy anytime it hits 12,000.  So make my day.  One day I will go to sleep and wake up and it will be flying,  of this Im sure.  So keep on dumping and I will be collecting... at least for now.
260  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN - NEW EXCHANGE] | www.CoinMarket.io | OFFICIAL THREAD on: January 29, 2014, 11:53:06 AM
Extraction of the currency must be verified letters can be extracted? If unable to verify the letters.. Extraction of the currency time can return back to my website account.. Always card transaction order until the letters can be confirmed so far?HuhHuh It can be the platform for manual validation!!!!

What is wrong with you?  Stop bothering the man.  Cant you understand English?  "palmface"
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