One thing that is still an unknown is what will happen when new bitcoins can not be minted by miners. Nobody knows for sure what will happen then. So in my opinion bitcoin is much of an alt as anything else, in the sense that we can not possibly know if bitcoins are the greatest "pump n dump" of them all so to speak.

How are the stales in the past 20 minutes? I just finished tweaking some things and I've got 200 accept 4 reject.

It's true, I had no idea I'd be pooling 1200 MH/s

MySQL Queries:
Total    per hour    per minute    per second
539 M   4.02 M   67.04 k   1.12 k

Block notifies are going out in about 50ms now, down from 2-35 seconds

If a new block coincides with the 1 minute window when the server takes a backup, it can be delayed a little bit which makes a stale trap.

Sit tight. Building new server as we speak. Reply on here will be delayed and the next reply i want to post is when we are back up.

It seems like all the big FTC pools today have had their fair share of problems. I've had problems with dontmine, is-a-geek and a little bit on featherpool. featherpool seems the most stable currently, but will be back at dontmine.me when the problems are sorted.  Perhaps it's an attack on the pools? Or just over capacity? I don't know.

I must say this kind of action speaks to the low emphasis on long-term credibility that this exchange has and a low concern for customers if they are willing to expose them to such volatility purely to fleece them for transaction fees.  I think some minimum level of responsible gate-keeping should be practiced by service providers of all kinds to prevent the whole crypto-coin environment from being tarnished by unstable and possibly fraudulent activity, unfortunately none do, the attitude is completely mercenary and "get rich" even amongst entities that should have long-term perspectives, the whole culture is rotten to the core.

Indeed sun, its not this meaningless 'market capitalization' calculation people throw around, its all about the rates of new coin creation and their sale.  So you should compare the actual sale of alts in dollar value to the sale of new BTCs in dollar value.  Hypothetically their is a finite pool of people willing to put their dollars into any crypto-coin and they divide it between the available coin choices.  These people bid up or down the price of the new coins with virtually no regard for the preexisting coins and miners move around their hash power to arbitrage it.  

Now we also need to consider that these new alts are seeing incredibly small volumes of actual liquidation by their miners, just a handful of newly mined coins are determining the valuation of mountains of other coins that just go directly into the miners personal hoard.  BTC suffers from the same problem but to a lesser degree.  So look at coin volumes produced AND determine how many are actually flowing into exchanges then determine how much money is spent to purchase that flow.

Also the BTC decline over the last 2 days has been entirely caused by a DDoS on SilkRoads.

If he sells the fence for 300 bitcoin valued at $100 each $3000
By the time he gets home they're $85
Loss of $450

I am too lazy to do this, but a much better comparison is to compare the hash rates of all the coins together. (remember to divide by 1000 to compare SHA and Scrypt rates)

Also for a bonus cookie compare the increase in alt coin hash rate the the hash rate of Bitcoin and see if there is evidence of people moving away from Bitcoin.

Anyone else think that alternates are hurting the price of BTC?

We keep getting new coins that just have a source code change that have 5 million made the first day, and everyone thinks they should be worth 25 cents. This is bringing money out of the market for BTC, and LTC, because everyone dumps them for these new coins, because by tomorrow they should be worth $1... for a worthless coin that only has the value of trade.


I guess now the only way to make money these days is to design rename the newcoin mine it first and sell it in 3 days.

I think this deserves the broader forum

4 Mill BTC made in 2 weeks....?

In the  last week for so we have seen FTC and if the last two days CNC

FTC has achieved 0.005 BTC already and CNC looks to do at least this, and between them there are circa 800,000,000 Coins

Accordingly we can work out the dilutes BTC, in very broad brush strokes

360000000   0.005   1800000   1.8   million   BTC
462000000   0.005   2310000   2.31   million   BTC
822000000   0.01          4110000   4.11              BTC
              
              
              
         100      
         21   25.11  
            0.836320191   83.63201912  <----21M/25.11 M  


Thus effectively dropping BTC value by 17% !!!, which is quite close to the drop in the last 2 days

and because of the vast number of coins each 0.001 rise has a massive effect.

It appears that BTC may be diluted (inflated this way) this way

It's not extrapolation, just simple facts and some math.
A 5GH/s Jala is ~30 watts (measured with a Kill-A-Watt).
The box contains 2x25GH/s little singles (obviously).
So 50GH/s = 300 watts

You could do this using scripts getting the daemon to send payment fired off by a scheduler. Ideally you would want an interface in the client for this though someone could put together an app which would use the daemon to do this task. The problem is if your computer is off or the scheduler/app is not running then no payments would be sent.

Agree that hoarding makes sense because of lack of economy.
But all this tells us that aparently even bitcoin is not that needed or else other businesses besides SR would have flourished.
All cryptocoins at the moment are driven only by future prospects of price.

In a free market diversity is better.
If there is no place for these altcoins they will go away.
And bitcoin could use some inflation. Way too many people there hoarding their coins.

Funny how all the problems you mention are solved by fiat money...
Maybe you didn't need bitcoins in the first place?

At least something interesting came from that email.  New pic of single--->>