Belongs in Alt. currencies.
sorry my mistake...I though I was in alts! |
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Can someone please explain they dynamics of NVC
you never hear about it much even in here,
it just ghosts up to roughly LTC level, and sits there for ages, until it matches then next LTC rise
it has really low volume usually
who/what/how is NVC control / forces?
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trade u for anon coin
how many?  I kinda wan't hard currency |
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So
at what rate are the posts following the first month made at?
I don't quite follow this...
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probably got swamped by other coins
sorta,,, but it is something quite different, the os is a wetware implementation no compile problems, a coin in it purest form almost very abstract |
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lol I thort I was up to date on all the coins lol
AC has been around for a while!!!! |
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I will sell 100 AC for 3 LTC
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i will sell 100 AC for 3LTC
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I'm still at least 2 weeks away from being able to leave the house much, you guys should get together soon and I'll come to the next one. The Bitcoin Wednesday idea is a cool one too  I'm happy to wait!!! |
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If i had said the words fiat currency and explain it to 99.999% of people in this forum back in 2004 and tried to explain it their eye's would have just glazed over and thought wtf is this guy on about? ? So it's not surprising.... I mean only a small % of this forum really understands what fractional reserve banking is even less the term current reserve ratio even less, the basel accords and even less approved deposit taking institution, or the equivalent in your jurisdiction so in some ways the majority of the CC/ BTC community is not that much better |
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as price goes up, you can affor to spend a few fractions of a BTC
eg, say I buy 1000 btc, if I brought it for 10c each, now they are worth $100 each, of my available purchasing power reserves, spending 1 BTC to now buy something is going to probably effect me much less than spending FIAT, and even if it goes up to $10000 ok, so I have lost $10000, but I still have 999x 10,000
see how that works, so the more people hoard and push the price up the more likely one of them will spend a fraction of holdings to buy something
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fishy(153uAC) = Wallet[AC0fishy|fishy]->SendAbstractCoins(ACJZ777|Jubalix,100uAC);
confirmed |
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yawn PPC sidesteps 90% of this entire problem/argument/issue
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First, a central bank can, in theory, print money as fast as they can. However, this does not happen in reality because issuing too much currency will feed inflation only and eventually destroy the economy.
Unlike a central bank, Bitcoin miners are not interested in maintaining the stability of the Bitcoin economy. While a central bank would choose to control the amount of cash floating in the market (admittedly, they are not doing a good job either), Bitcoin miners will want to make the best value out of mining and will dump the mined coins on the market whenever they can make a profit (the arbitrarily set limit of 21 million is nothing scientific and does not accommodate the real Bitcoin economy activities in any way).
Here comes the sharp difference, that in my opinion, would likely bring Bitcoins down.
Second, looking back, the initial miners created their fortune too fast, with too little investment. The result is that those people will dump the coins they have anytime the market is good. This would likely be a disruptive force that crashes the exchange rate. Unlike people having to pay a fair amount of money to get Bitcoins (whether through using expensive mining machines or buying the coins direct on market) this year, those pilot indeed can dump the coins and make a profit at anytime. This means that the market will always face the risk that some unknown adopter just arbitrarily dump the coins and then crash the market. Think of April 11, a tender of sale for 20,000 coins eventually pushed the market downward, until today.
Unless someone can resolve the issues, I would say, be cautious.
uhhhh no, no and no if anything miners may keep a lot of their coins, eg if one thing many early miners wish it was they kept their coins!!! |
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The minimum fee is now 0.02 LTC. A few weeks ago it was 0.1 LTC.
ah thanks....I tried 0.01 and it worked quickly...but they were 4 months old! |
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ok no bites, I must not be meeting market rate!!!!
I will buy 100u AC for 2 LTC,
Deal. I'll send first. Is this offer still standing though? My LTC addy. LUh3pyTLnPoBkhMyThCNvMoXD11x43Unio 2 LTC sent |
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BTW there's a really good Thai cafe around the corner from the State Lib.  sounds good! |
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out of interest, how similar is ixcoin to bte? BTC you mean? It's Identical. It's just made to mature much faster. I think all 21 million coins will be mined by like 2016 or 2017. Otherwise it's identical to bitcoin. Exactly my reasoning - soon lots of investors are gonna be looking for a coin just like bitcoin and ixCoin is a clone with all the coins now. no I mean BTE = ByteCoin it was a BTC clone 1:1 |
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