New beer license auction
There are currently 7 BEER licenses (S-BB), and the new production model requires 3 licenses for full output of a factory. In order to support this new model without stranding a license, the town has decided to auction 2 additional licenses. In addition, the NPCC quota will be increased to absorb the added production. There was also, I believe, an adjustment made to reduce MEAD, which should indirectly reduce the oversupply that has burdened beer prices.
Each license grants 10K BEER/year production. The production cost is about 2000/BEER. Selling prices and profits have been low (around 1k/BEER profit in recent weeks), but with the above changes, may improve in the future.
Please bid for S-BB on Agora marketplace. 72 hours after this post, the top two bids will win licenses.
Auction is over. The order book is:  Therefore, smoothQC gets two brewery licenses at 100 mil each. |
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On the IRC there was talk of a 'daily penalty interest', that might soon be taking over instead of these random checks, so it does pay to take care of your finances and avoid prolonged negative balance on your account.
In the GoogleDB era there was a yearly (real time weekly) interest for negative balances. I would be in favor of that returning. Daily penalties are too much in my opinion, it's easy to get dumped on and not know that your balance has gone negative. 1 week gives someone enough time to get their balance in order. If it does become daily, that's fine but maybe add some sort of notification via email that your balance has gone negative. Another good feature would be to auto cancel buy orders if balance is negative. You can still get dumped on one big order but at least not multiple orders. Also, if adding email notification, notification of trades would be good. Finally, there is no real difference between daily interest and weekly interest assuming weekly is at 7x the rate. You might get some free days but you could also go negative one day before the weekly interest calculation and get hit with the 7x charge for just one day! So if doing weekly, I would suggest that the first week is free, then the charge applies if you are still negative the following week. |
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I am still freaked out by the total volume in alts. Does it not seem fishy to anybody else?
I'm willing to accept the premise that it seems to be flowing from ETH as that dump continues. But if you look back to January 1st, the total market cap in alts has gone from less than a billion to more than $1.5 billion. That's a 30%+ jump and it's more than $500 million in new money.
Where is THAT coming from...and WHY? That's a pretty big reallocation of capital, but from where? Doesn't seem like it could be hedge funds and other financial players because Central banks are in stimulus mode.
margin trading leverage I think this is the main thing that has changed. Polo is now the largest alt exchange and they just added margin trading several months ago. People woke up and realized they don't even need any new money to open new positions. And when they do open positions, they can open bigger ones with the same amount of capital. Also Ethereum is something new that has attracted more new interest to the sector than anything in a while. Previous hot alts like Bitshares and Nxt were similar in their day, but that was years ago. Nothing since. These two together have been explosive in terms of volume. |
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Bump, none of the pools have upgraded yet. To clarify this, you meant that none of the unupgraded pools have upgraded since your previous post. In fact most of the pools already upgraded some time ago. |
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It's a travesty that Coinmarketcap would not categorize ETH as significantly premined.What are they smoking?
I am actually more interested in how FinCEN will deal with the Ethereum premine given what happened with Ripple. As far as I know, premine is not a crime under any legislation. In the stock markets, all the stocks are also created out of thin air and the companies get their initial funding by issuing their stocks for traders and investors. It is an investor who decides wether to buy or not to buy the stock or coin. Of course, but public offerings of stocks are heavily regulated. |
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It's a travesty that Coinmarketcap would not categorize ETH as significantly premined.What are they smoking?
I asked. They seem to not consider ICOs as premines and "significantly premined" means a "large" amount like 50%+ |
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Am I the only one that thinks is good bot nets are securing the network?
No, some other guy also thought that might happen The Bitcoin network might actually reduce spam by diverting zombie farms to generating bitcoins instead. |
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If I understood correctly (bear in mind that this rarely happens  ) fluffypony was referring to the possibility of MITM attacks. In part yes, but also malware on your computer. There is no substitute for cold storage, paper wallets, good hardware wallets, etc. So, afaik, there is nothing less secure with the wallets created with mymonero (discounting the 13 vs 24 word mnemonic).
If you, for whatever reason, used mymonero to create a coldish wallet, and never login again, you should be pretty safeish. That is true assuming you are completely sure that nothing was compromised when you created it. Hard to really know that. |
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Is there a need to do something for the coming hardfork?
Because i have a old wallet from the first days of mining and never touched it after i finished mining.
Your wallet is fine. If you want to keep it as a cold wallet you don't have to do anything. If you want to go online you will need a new daemon. |
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What do I need to do to upgrade from v0.9.1? Delete everything and start from scratch, or can I save the blockchain (was a bitch to sync with my spotty connection). Or should I wait until next week? EDIT: downloaded windows version, unzipped to a new location. Copied wallet and keys files over from old folder, and simplewallet seems fine with that. started daemon, and it seems to have found the database without issue (where the hell did windows put it?), as it synced immediately. Can I delete the 0.9.1 folder completely? Yes but make sure you don't delete any wallet files. |
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How sure are we that the hard fork won't cause any catastophic problems, i.e. has it been extensively tested on a testnet and came out rosy?
the hard fork was tested extensively before 0.9 was released, i'm pretty sure. Along with isolated tests, the testnet was hard forked before 0.9 and has been running the new version ever since. There are always risks, fork or no fork. Having a fork probably increases risks by some indeterminate amount. If problems happen we'll fix them. |
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Roughly 6.5 days until the hard fork
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I am mining at the moment with 270Hps. It took me 46 hours (over 1000 blocks) to get a block. I think that's really bad luck.
Yes it is. The current net hash is 52k so you would expect to get about 1/200 blocks. Everyone can have good and bad luck. Keep mining. |
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Am i still considered an early adopter?
Certainly. If you look at the early adopter bonus term interest it is still >3500% (from >4000%) Is there any Air Drop?
There was a twitter contest you just missed. I don't know what else is planned. |
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Guys, i would have a technical question. Is a newly generated wallett in 0.91 fully encrypted  Yes assuming you use a password (ideally a good one). Okidoki, thanks  I would suggest as a password. It's a good one.  In all seriousness you can make a password REALLY long (like 100+ random characters) and just recover with your seed words instead as needed. If you want to use your password in the future of course you need to actually record it. This is not quite true any more. You will recover your coins, but the wallet data file now contains logging data about your transactions along with your per-tx keys (which can be used to prove payment) so you should now keep that file safe, and probably back it up. These can not be recovered even with the seed words. But like I said, you can still always recover your coins with just the seed words. That's pretty much the same as Bitcoin, right? If you have your private key, you can always recover your coins but with your wallet.dat you'll get the metadata such as labels on keys or transactions. Similar, yes. The idea of metadata as opposed to coin recovery is the same. The main thing that is different here is that the metadata includes the tx private keys (for transactions you made). Those don't exist in Bitcoin and are needed if you ever have to prove that you made a payment. |
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Guys, i would have a technical question. Is a newly generated wallett in 0.91 fully encrypted Yes assuming you use a password (ideally a good one). Okidoki, thanks I would suggest as a password. It's a good one. In all seriousness you can make a password REALLY long (like 100+ random characters) and just recover with your seed words instead as needed. If you want to use your password in the future of course you need to actually record it. This is not quite true any more. You will recover your coins, but the wallet data file now contains logging data about your transactions along with your per-tx keys (which can be used to prove payment) so you should now keep that file safe, and probably back it up. These can not be recovered even with the seed words. But like I said, you can still always recover your coins with just the seed words. |
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42 people voted 'Yes'  No wonder the world is fucked. There are huge markets for penny stocks, HYIPs, ponzies, lotteries, extended warranties, etc. The idea that people want to give their money away should not be surprising. EDIT: thanks rokkyroad for extended warranties. Added. |
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Guys, i would have a technical question. Is a newly generated wallett in 0.91 fully encrypted Yes assuming you use a password (ideally a good one). |
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Only after the price gets high and profits are missed the outcry will begin.
Not really. I criticized iotatoken's deceptive hype and pumping even before ICO, starting here in October along with several follow up posts on the same thread. Nothing has changed, except a few more people are saying the same thing now, that is all. The pressing issue is it wasn't hyped and pumped enough before and during the ICO. For example cryptohunter didn't participate in the ICO even though he had read the threads. There's no "pressing issue" as far as I'm concerned. Perhaps you haven't read the last couple of pages but that is the very issue in the recent discussion and the context in which I made the post. Or perhaps you're just quoting out of context just to get an argument in. No, what I'm suggesting is that different people (i.e. cryptohunter and me) may have different reasons to cry out about this mess. Before its over there will probably be more reasons. I don't care about profits being missed. Every day there are at least tens of thousands of readily available investment vehicles that move up, down, or stay the same. Most of those are missed profit; such is life. And that's not even counting software licenses that can be resold for a higher price. |
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Only after the price gets high and profits are missed the outcry will begin.
Not really. I criticized iotatoken's deceptive hype and pumping even before ICO, starting here in October along with several follow up posts on the same thread. Nothing has changed, except a few more people are saying the same thing now, that is all. The pressing issue is it wasn't hyped and pumped enough before and during the ICO. For example cryptohunter didn't participate in the ICO even though he had read the threads. There's no "pressing issue" as far as I'm concerned. Personally I'm just enjoying the shitshow and making an observation about behavior, and not limited to the deceptive hype or disingenuous claims of "not an investment". The behavior on this thread also says a lot of about iotatoken's demeanor, professionalism, credibility, and judgement as well. If you are here for hype and pumping, and hoping to exit your investment software license purchase at a high price, then great, he's probably the best person for the job. If you think that the IOTA organization is under good effective leadership for long term success then you need your head examined. |
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