Was thinking about this. I plan to claim my lumens, free coins lol, but I'm concerned so will the rest of the crypto world, and in near the same time frame. Price will plummet, question is should I sell ASAP, or hodl since they are free and hold long term? Can always rebuy cheaper I feel, seems like the stronger strategy.

We were doing good before asics were made. We could do alot by looking at algos that allow more of the public to participate in mining on common devices, instead of requiring dedicated equipment that makes mining more a business endeavor than a casual pursuit at this point.

Methinks we haven't really seen the start of the mining industry yet. What I mean is, while our mining technology is cool, the devices we rely on have mostly been made by random startups like asic and bitmain. Government actors haven't came into this; I'm thinking a gov could design a much more efficient or powerful miner, and have enough resources to deploy as much hashrqte as it wants. Governments don't need to sell coin to pay the bills however, and  they have little incentive to dump the coin back on the market. Ultimately, large corporation/state actor interest will move the centralization out of China, but it will always be centralized now that mining isn't something you can do on an average, internet connected device. You have to pay to play now 

+1. The coins that actually have promise (fill a unique niche) usually fade into the background after the initial funding is procured. This is a thing with devs, sometimes, once you start paying them, the work slows down to a crawl. So many coins come into the space, asking for cash, get it, and wither into to an butthurt altcoin section posting by a disgruntled bag holder.

Thanks man, laying next to the misses on the mobile so I can't play any sound ATM, but I will take a listen to this over my morning cup

You just described litecoin to a tee.  And I'm not holding any, in case you are wondering, and don't plan to buy any soon. Also, you might want to consider just buying some bitcoin. It's a popular coin with many reliable exchangers and money stables wallet implementations.

Lol, and the coin is still openly listed on exchanges?

I guess, more importantly, people still speculate on this asset?

Make everyone sit down and figure out this blocksize bullshit. It's our major issue at the moment; clarity on this would do alot to mend the entire ecosystem.

Lol, this actually happens to people? I've gotten transactions that took do long to confirm that I forgot they were coming through, and was later pleasantly surprised. But as far as free, random money, not yet.

Paper wallets for the win. Although the concept, not an actual wallet printed on paper. I'd use those plastic bracelet charms with the letters on them, and make two bracelets; one for the pub and priv keys. The bracelets won't degrade, and if anyone finds it, they will dismiss it as something unimportant/inexpensive.

When the miners stop mining, transactions stop confirming, and blocks stop being solved. So in a nutshell, everything grinds to an immediate halt

I purchase it, with my wages. And the Sig campaign, it's kinda like beer money.

Bitcoin is grand.

So like, what is the process when you guys sit down to name these things? Dartboard? Trending Twitter hashes? LSD and a dictionary? I never get the method behind the madness when it comes to these coin names.

This is the most oddly formal thread I have read in a while. The language seems a bit constructed, as does the dialogue. I could be off my mark however. BRK holders might just be that classy

But seriously, what is a break out coin? I missed this one apparently.

Ah, linkage below. Let me get a tea and read this  

Edit: Perusing the above link, i see now that this will most likely end badly. Id be wary of this asset personally, but no one ever listens to me.

You have a pair of nuts on ya my boy, this was bold and daring. And succinct. None of that back story bullshit, show him the money 


He's not even lying. He probably will make 10% profits (for him) after you give him access to your account. Hell, I guess it's 100 percent profit for him since it's your money. Tell him how much he can have.



Remember, he's just a trader, who wants to leverage profits.

How could this not turn out good?

A serious question: I notice you provide a partial guarantee against loss, which is stand up, ESP if enforceable through escrow, but that leads to my question: why not invest the two bitcoin you have, and assume only your risk? If you are using the fund to extend your position, why tie up your own funds in escrow instead of applying them to the market for additional profit? So, that leads to, what is the management fee on your asset? As I assume you are not taking on counterparty risk for free.

So you want 10k for an unspecified amount of time, for an undefined project that will "serve the world"?

Not enough details to arouse curiosity.Good luck with this.

 I think you would be better off approaching a bank for a traditional loan, since you want fiat, and a single large investor.

I'm not invested in this, quit Havelock a while back, but you may want to look at issuing counterparty assets. Lot cheaper, stuck to a block chain, and you may be able to skirt the "not a security" thing as a token sale.

You understand reward and risk are always proportionate; guys jumped on all these ICO trains chasing big gains, not thinking about the abyssal risk they were taking on with these unproven and untrusted brands and technologies.

I thought the crypto stock scene died around the time of bitfunder. People are still risking running these assets? I thought the SEC said it was going to start looking into these.

Thank you, +1.

Bitcoin is still only cool because, ultimately it will be converted back to fiat for most goods and services, which is taxable. Wait until vendors/manufacturers start accepting bitcoin not pegged to a currency, the permissive attitude the govs have had towards btc will start to degrade.